1
00:00:00,000 --> 00:00:07,920
What's up freaks? This rip of RHR was brought to you by our good friends at CoinKite.

2
00:00:08,200 --> 00:00:13,700
They produce the Cold Card Q, my favorite hardware wallet. It's got two secure enclaves,

3
00:00:13,780 --> 00:00:18,460
it's got a full screen, full keyboard here. As you can see, if you're watching, if you can't watch,

4
00:00:18,560 --> 00:00:22,020
just imagine something that looks like a BlackBerry. It allows you to create private

5
00:00:22,020 --> 00:00:29,560
public key pairs offline in an arrogant fashion. Never have to connect the Cold Card Q to an

6
00:00:29,560 --> 00:00:36,680
internet device you can sign transactions and pspts remotely in the most secure fashion if you're a

7
00:00:36,680 --> 00:00:41,740
bitcoin power user and you're looking for the best security go pick up a cold card queue and go to

8
00:00:41,740 --> 00:00:47,420
coin kite.com find the cold card queue there i think you go to cold card.com as well use the code

9
00:00:47,420 --> 00:00:54,080
rhr for five percent off step up your security get a cold card queue this route was also brought to

10
00:00:54,080 --> 00:01:00,540
by our good friends at stackwork if you're looking for a great way to make kyc free sets stackwork

11
00:01:00,540 --> 00:01:06,040
has bounties go to stackwork.ai find their bounties page and contribute to the bounties

12
00:01:06,040 --> 00:01:12,220
you can make bitcoin kyc free for completing the bounties if you're a developer looking to scoop up

13
00:01:12,220 --> 00:01:18,960
some easy sets go check out the bounties contribute to them and stack some sets stackwork.ai

14
00:01:18,960 --> 00:01:25,420
Matt and I have been talking about privacy and the importance of using a VPN for seven years now, literally seven years.

15
00:01:25,760 --> 00:01:27,800
I believe at least once every episode or two.

16
00:01:27,900 --> 00:01:29,100
It's like, hey, make sure you're running a VPN.

17
00:01:29,740 --> 00:01:39,620
I think it's especially important today where you have governments in the UK, other parts of Europe, all across the world, really trying to introduce digital ID and curbing speech with hate speech laws.

18
00:01:39,620 --> 00:01:46,400
Make sure you're protecting your privacy and shielding yourself from government surveillance as you're perusing the web.

19
00:01:46,400 --> 00:01:52,580
our VPN of choice here at RHR is Obscura is built by a Bitcoiner for Bitcoiners. Carl Dung

20
00:01:52,580 --> 00:01:57,380
did some very critical work for Bitcoin back in the day, but he decided to shift his focus to

21
00:01:57,380 --> 00:02:02,200
bring privacy to everybody with Obscura. It is a VPN that cannot log literally by the way it's

22
00:02:02,200 --> 00:02:05,980
designed. A lot of VPNs will hand ways say we're not logging. We're not logging. You can't trust

23
00:02:05,980 --> 00:02:12,360
them. You want the VPN that cannot log. That is Obscura. Go to Obscura.net. Use the code RHR for

24
00:02:12,360 --> 00:02:17,860
25% off when you sign up any of their deals. Make sure you're using it, particularly if you're in

25
00:02:17,860 --> 00:02:21,640
one of these countries where the governments are becoming extremely censorious and targeting

26
00:02:21,640 --> 00:02:26,380
citizens that exhibit wrong think you should be running a VPN. That VPN should be obscura,

27
00:02:26,560 --> 00:02:32,380
obscura.net, code RHR, 25% off. This rip was brought to you by our official electrolyte

28
00:02:32,380 --> 00:02:37,920
sponsor here at RHR, Salt of the Earth. You've been hearing Matt and I talk about it quite a bit.

29
00:02:37,920 --> 00:02:40,540
I drink multiple packets of it a day

30
00:02:40,540 --> 00:02:41,420
You gotta stay hydrated

31
00:02:41,420 --> 00:02:43,240
That's why my face looks so good

32
00:02:43,240 --> 00:02:44,640
That's why I'm getting buff

33
00:02:44,640 --> 00:02:45,660
I'm able to get to the gym more

34
00:02:45,660 --> 00:02:46,360
Because I'm hydrated

35
00:02:46,360 --> 00:02:47,820
Matt, he's looking incredible

36
00:02:47,820 --> 00:02:49,100
I'm sure you've all noticed it

37
00:02:49,100 --> 00:02:49,920
You wanna know why?

38
00:02:50,480 --> 00:02:51,500
Salt of the earth, baby

39
00:02:51,500 --> 00:02:53,780
Go to drinkssauté.com

40
00:02:53,780 --> 00:02:55,260
Use the code RHR

41
00:02:55,260 --> 00:02:56,960
You're gonna get 15% off

42
00:02:56,960 --> 00:02:57,660
I'm dead serious

43
00:02:57,660 --> 00:02:59,800
It hasn't made my life way better

44
00:02:59,800 --> 00:03:02,440
My wife, she's right behind me right now laughing

45
00:03:02,440 --> 00:03:04,000
But she's laughing because she knows it's true

46
00:03:04,000 --> 00:03:05,180
She drinks like seven a day

47
00:03:05,180 --> 00:03:07,340
I drink a few a day

48
00:03:07,340 --> 00:03:11,940
maybe seven a day too. Matt, I don't even want to tell you how much he's drinking. It's good.

49
00:03:12,000 --> 00:03:20,600
It keeps you hydrated. It keeps you alert. Keeps you ready to go. Drink saute.com. That's D-R-I-N-K-S-O-T-E.com.

50
00:03:20,680 --> 00:03:23,700
Use the code RHR for 15% off any order.

51
00:03:30,600 --> 00:03:33,480
You've had a dynamic where money's become freer than free.

52
00:03:33,480 --> 00:03:39,240
If you talk about a Fed just gone nuts, all the central banks going nuts.

53
00:03:39,840 --> 00:03:41,440
So it's all acting like safe haven.

54
00:03:41,980 --> 00:03:48,820
I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins.

55
00:03:48,900 --> 00:03:52,040
In the world of fiat currencies, Bitcoin is the victor.

56
00:03:52,780 --> 00:03:54,880
I mean, that's part of the bull case for Bitcoin.

57
00:03:55,340 --> 00:03:57,780
If you're not paying attention, you probably should be.

58
00:04:00,140 --> 00:04:02,580
First rip of 2026. Here we are.

59
00:04:03,480 --> 00:04:04,480
Happy New Year.

60
00:04:06,300 --> 00:04:07,280
Happy New Year.

61
00:04:07,660 --> 00:04:09,140
Friday, January 22nd.

62
00:04:09,280 --> 00:04:09,740
12-15.

63
00:04:10,960 --> 00:04:12,080
January 2nd.

64
00:04:12,800 --> 00:04:14,120
What did I say, 22nd?

65
00:04:14,580 --> 00:04:15,620
I think you did, yeah.

66
00:04:16,220 --> 00:04:17,480
Well, I have...

67
00:04:17,480 --> 00:04:21,620
Matt and I were just reminiscing on the birth date of RHR.

68
00:04:21,760 --> 00:04:23,480
August 22nd, 2018.

69
00:04:24,280 --> 00:04:24,840
Ah, that's why.

70
00:04:26,040 --> 00:04:26,300
Yeah.

71
00:04:26,660 --> 00:04:28,740
You realize this is episode 390.

72
00:04:29,680 --> 00:04:30,280
Pretty crazy.

73
00:04:33,480 --> 00:04:36,700
Episode 400 should come in 10 weeks.

74
00:04:38,240 --> 00:04:39,100
Mid-February?

75
00:04:39,340 --> 00:04:40,260
Or excuse me, mid-March.

76
00:04:43,380 --> 00:04:45,260
Unless we have some stimulus episodes.

77
00:04:49,100 --> 00:04:50,380
Did you see what I named it?

78
00:04:51,100 --> 00:04:52,800
The Cattle Bike is here at 2026.

79
00:04:52,920 --> 00:04:54,580
Cattle Bike has started.

80
00:04:56,160 --> 00:04:58,640
Marty asked me what we were naming the episode.

81
00:04:58,800 --> 00:04:59,580
I was like, no spoilers.

82
00:04:59,700 --> 00:05:00,760
You have to wait until we go live.

83
00:05:00,760 --> 00:05:04,760
Got a little mini pump today

84
00:05:04,760 --> 00:05:06,100
Up 3%

85
00:05:06,100 --> 00:05:09,200
Approaching 91,000

86
00:05:09,200 --> 00:05:11,820
Do we

87
00:05:11,820 --> 00:05:14,780
Up only

88
00:05:14,780 --> 00:05:16,140
Up only in 2026

89
00:05:16,140 --> 00:05:17,440
We'll see

90
00:05:17,440 --> 00:05:18,420
It would be great

91
00:05:18,420 --> 00:05:19,760
I wouldn't mind it

92
00:05:19,760 --> 00:05:21,260
If we're being honest with each other

93
00:05:21,260 --> 00:05:23,380
I'm down for it

94
00:05:23,380 --> 00:05:24,260
Yeah

95
00:05:24,260 --> 00:05:28,140
A lot of doobers out there

96
00:05:28,140 --> 00:05:29,200
So it'd be

97
00:05:29,200 --> 00:05:29,760
We need some wind

98
00:05:29,760 --> 00:05:32,360
and make it even more enjoyable.

99
00:05:34,860 --> 00:05:38,120
I've seen the TA analysts that I follow.

100
00:05:38,240 --> 00:05:40,180
They're saying we need to get over 93,000

101
00:05:40,180 --> 00:05:41,680
and stay over for a few days,

102
00:05:41,700 --> 00:05:45,500
and then we may have a legit reversal on our hands here.

103
00:05:46,040 --> 00:05:48,120
So go for that area.

104
00:05:48,120 --> 00:05:48,580
I'm staying up on stacks.

105
00:05:49,480 --> 00:05:54,080
I thought the funniest analysis I saw was

106
00:05:54,080 --> 00:05:56,280
the top was literally

107
00:05:56,280 --> 00:05:57,640
when

108
00:05:57,640 --> 00:06:00,040
was

109
00:06:00,040 --> 00:06:02,680
when Brian Armstrong

110
00:06:02,680 --> 00:06:04,580
spent millions of dollars on the

111
00:06:04,580 --> 00:06:05,420
Up Only reboot.

112
00:06:06,800 --> 00:06:08,580
Literally top ticked.

113
00:06:09,480 --> 00:06:10,240
What was that? Early October?

114
00:06:10,620 --> 00:06:12,580
Was it like $10 million or

115
00:06:12,580 --> 00:06:14,500
something for the next season and he hired

116
00:06:14,500 --> 00:06:15,960
Kobe? It was

117
00:06:15,960 --> 00:06:17,320
$24 million.

118
00:06:18,460 --> 00:06:20,320
But he also bought

119
00:06:20,320 --> 00:06:21,340
Kobe's company, right?

120
00:06:21,340 --> 00:06:27,980
yeah or whatever he wanted to hook up uh

121
00:06:29,120 --> 00:06:36,360
god i'm blanking his his co-host ledger ledger yeah so that was a solid move by kobe he probably

122
00:06:36,360 --> 00:06:44,020
didn't have to do that are we gonna would we sell out for 24 million dollars look if you sell

123
00:06:44,020 --> 00:06:51,980
tftc if you sell tftc to coinbase i expect you to hook a brother up and uh

124
00:06:51,980 --> 00:06:59,680
and have some kind of token multi-million dollar deal that that includes my name in it

125
00:06:59,680 --> 00:07:04,220
it's funny you mention that apparently there's a bunch of private equity groups going around

126
00:07:04,220 --> 00:07:10,240
scooping up niche media companies for for millions of dollars and yeah well hook a

127
00:07:10,240 --> 00:07:16,400
hook a brother up don't leave me hanging i'll make sure i'll make sure you're taking care of

128
00:07:16,400 --> 00:07:22,220
thank you you gotta pull unfortunately for us unfortunately for us i don't think tftc is so

129
00:07:22,220 --> 00:07:26,120
isn't a marketable asset right now with some of the stuff that we cover

130
00:07:26,120 --> 00:07:34,520
i um yeah i mean i i don't know i don't know how much uh

131
00:07:34,520 --> 00:07:39,520
how much a company would pay for an RHR season,

132
00:07:39,520 --> 00:07:40,320
but it's,

133
00:07:40,320 --> 00:07:41,320
it's nowhere near,

134
00:07:41,500 --> 00:07:42,980
it's nowhere near $10 million.

135
00:07:45,640 --> 00:07:46,080
Yeah.

136
00:07:46,220 --> 00:07:46,420
Well,

137
00:07:46,560 --> 00:07:46,980
is that,

138
00:07:47,100 --> 00:07:49,080
is that actually ever going to launch?

139
00:07:49,280 --> 00:07:49,560
When,

140
00:07:49,620 --> 00:07:50,960
when is that season supposed to come out?

141
00:07:53,120 --> 00:07:53,780
I don't know,

142
00:07:53,820 --> 00:07:56,420
but the bottom might not be in until they get that season done with.

143
00:07:56,740 --> 00:07:57,700
So hopefully,

144
00:07:57,920 --> 00:07:59,080
hopefully they do it soon.

145
00:08:02,660 --> 00:08:03,200
Or no,

146
00:08:03,200 --> 00:08:07,060
they're going to launch it in like two years and that'll be the top tech of the next cycle.

147
00:08:07,720 --> 00:08:09,880
True. I don't know. I'm feeling pretty bullish right now.

148
00:08:11,080 --> 00:08:18,080
I'm feeling good. I'm feeling good. I think, um, this has been a week of people recognizing that

149
00:08:18,080 --> 00:08:22,840
there are systemic problems with centralized control of the government. And so that's a good

150
00:08:22,840 --> 00:08:30,440
marketing for Bitcoin. Yeah. I mean, that's an understanding. Yeah. Um, before we jump into

151
00:08:30,440 --> 00:08:32,860
the banter, the topics of the week.

152
00:08:33,320 --> 00:08:34,760
Let's check the box here.

153
00:08:34,840 --> 00:08:35,740
Go to Clark's dashboard.

154
00:08:35,940 --> 00:08:37,560
We're at $90,820.

155
00:08:38,340 --> 00:08:41,640
One cuck buck is going to get you 1,101 sats.

156
00:08:41,680 --> 00:08:45,680
That's a palindrome sats per cuck buck right there.

157
00:08:46,080 --> 00:08:48,380
We're at a $1.81 trillion market cap,

158
00:08:48,400 --> 00:08:50,560
making our way back towards a $2 trillion market.

159
00:08:51,480 --> 00:08:54,760
We are at block height, $930,595,

160
00:08:55,200 --> 00:08:57,700
which means we did not have a difficulty adjustment

161
00:08:57,700 --> 00:08:59,320
between last week's episodes.

162
00:08:59,320 --> 00:09:11,300
In this week's episode, we are 797 blocks away, another palindrome, from the next retarget, estimated to be on January 8th, 26th, so that'd be next Wednesday.

163
00:09:12,700 --> 00:09:16,880
Looking like a negative 1.1% adjustment as of right now.

164
00:09:17,760 --> 00:09:19,440
Pretty far into this epoch.

165
00:09:19,860 --> 00:09:22,020
That could change if price goes up, miners turn on.

166
00:09:22,180 --> 00:09:25,440
Blocks have been coming in at 10 minutes and 7 seconds on average.

167
00:09:26,280 --> 00:09:28,840
Clark's mempool has $2,729.

168
00:09:29,320 --> 00:09:35,520
transactions in it and i just hit the wrong button there if we go over to mempool.space

169
00:09:35,520 --> 00:09:46,180
already have it up they've got 68 423 transactions in their mempool hank guys fees are going up

170
00:09:46,180 --> 00:09:51,360
high priority four sats per vbyte medium priority three sats per vbyte low priority

171
00:09:51,360 --> 00:09:56,660
one sat per vbyte low priority not even getting so here it's so expensive

172
00:09:56,660 --> 00:10:00,700
think of the children

173
00:10:00,700 --> 00:10:10,360
i said i um yeah go on i sent i sent four bitcoin transactions on chain yesterday it felt good

174
00:10:10,360 --> 00:10:20,780
i am so many of the bitcoin or happy new year's messages i received were so bearish on 2025

175
00:10:20,780 --> 00:10:28,280
guys chin up 2025 is a great year 2026 is going to be an even better year uh fade the doomers

176
00:10:28,280 --> 00:10:34,380
i'm not i'm not here for it yeah and just to put this in perspective thank you for bringing up while

177
00:10:34,380 --> 00:10:39,480
while i pull this up and hand it to logan to pull up on screen and once you share obviously without

178
00:10:39,480 --> 00:10:45,100
uh disclosing details of who said what but what were the type of messages you were getting

179
00:10:45,100 --> 00:10:53,020
what a couple of them were you you were in the group chats with me oh my gosh yeah i mean but i

180
00:10:53,020 --> 00:11:00,920
uh i don't know and i'm i will say for me personally 2025 was a great year it was a great

181
00:11:00,920 --> 00:11:05,260
year for my family i think it was a great year for bitcoin it was a great year for all the projects

182
00:11:05,260 --> 00:11:11,280
that i'm working on obviously i think it was a great year for 1031 open sats fantastic bitcoin

183
00:11:11,280 --> 00:11:16,000
Policy Institute, fantastic. Bitcoin Park's finally going to be profitable because we're

184
00:11:16,000 --> 00:11:25,080
launching a daycare. Chin up. I think vibes are high here. Co-sign everything there. It was a

185
00:11:25,080 --> 00:11:31,940
great year. I welcomed my third child into the world, moved home to my homeland of the Philadelphia

186
00:11:31,940 --> 00:11:37,940
area, close to my family. I've spent more time with my mom, brother, and sister collectively

187
00:11:37,940 --> 00:11:41,680
in the last four months than we have probably in the last 15 years.

188
00:11:42,140 --> 00:11:43,000
It's been great.

189
00:11:43,320 --> 00:11:45,800
And to put things in perspective for everybody who's like,

190
00:11:45,860 --> 00:11:47,320
oh, 2025, terrible year.

191
00:11:47,540 --> 00:11:50,480
I always forget this chart until somebody surfaces it.

192
00:11:50,620 --> 00:11:52,620
But this is like the signal that you look for.

193
00:11:52,700 --> 00:11:53,700
You look at the yearly lows.

194
00:11:53,780 --> 00:11:54,900
You don't look at the yearly highs.

195
00:11:55,040 --> 00:11:58,940
And if you look at the yearly lows of the Bitcoin price over the years,

196
00:11:59,940 --> 00:12:05,020
$76,329 was the yearly low that we hit in 2025.

197
00:12:05,420 --> 00:12:06,720
And that's crazy to think about.

198
00:12:06,720 --> 00:12:09,280
I think that was the lowest price in 2024.

199
00:12:10,480 --> 00:12:16,640
The next highest lowest price of the year is $39,447.

200
00:12:16,820 --> 00:12:23,600
So almost double the yearly low from 2024 to 2025, which is pretty good if you ask me.

201
00:12:24,940 --> 00:12:25,960
Get over it.

202
00:12:25,960 --> 00:12:28,000
And then we freed Ross.

203
00:12:28,000 --> 00:12:30,880
literally the only real

204
00:12:30,880 --> 00:12:35,740
the only real downer of 2025

205
00:12:35,740 --> 00:12:36,860
on the Bitcoin side

206
00:12:36,860 --> 00:12:39,160
was Samurai

207
00:12:39,160 --> 00:12:40,920
getting the book thrown at them

208
00:12:40,920 --> 00:12:42,460
but we'll free them in 2026

209
00:12:42,460 --> 00:12:45,940
but yeah vibes are high

210
00:12:45,940 --> 00:12:47,060
strong vibes only

211
00:12:47,060 --> 00:12:48,020
fade the doomers

212
00:12:48,020 --> 00:12:49,740
yes

213
00:12:49,740 --> 00:12:52,740
we have an easy transition

214
00:12:52,740 --> 00:12:53,500
into the list

215
00:12:53,500 --> 00:12:55,340
in the primal live chat

216
00:12:55,340 --> 00:12:56,960
where Soap Miner has zapped us

217
00:12:56,960 --> 00:13:00,260
21,000 sats up only in taxation is theft.

218
00:13:00,360 --> 00:13:01,540
You have him number one on the list.

219
00:13:02,260 --> 00:13:03,180
Are you okay?

220
00:13:05,620 --> 00:13:07,340
Did you see this post from him?

221
00:13:08,000 --> 00:13:08,200
Yes.

222
00:13:08,200 --> 00:13:08,500
I don't know.

223
00:13:08,620 --> 00:13:16,280
When a freak says he's injured, I put it at the top of the list.

224
00:13:16,880 --> 00:13:17,500
I don't know.

225
00:13:17,580 --> 00:13:19,080
It seems like it's not a big deal.

226
00:13:19,080 --> 00:13:24,500
And then he says prayers are more than welcome, which just got me concerned.

227
00:13:24,500 --> 00:13:31,120
i have about 25 so he's talking about he lost movement as one of his arms i believe his left arm

228
00:13:31,120 --> 00:13:37,980
um has about 25 you say that in the chat back still sore and can't move anything

229
00:13:37,980 --> 00:13:42,480
or sharp pain shoot throughout it thanks what the fuck happened better brother

230
00:13:42,480 --> 00:13:46,820
was it a physical injury or something just out of the blue that's what i'm curious hopefully

231
00:13:46,820 --> 00:13:57,720
i mean so you said freak accident it got to be physical injury Anyway we got your back Soap Monitor

232
00:14:00,800 --> 00:14:02,460
Hope you get better soon.

233
00:14:03,260 --> 00:14:03,700
Rest up.

234
00:14:04,320 --> 00:14:04,880
Take it easy.

235
00:14:05,060 --> 00:14:05,840
Stop making soap.

236
00:14:06,540 --> 00:14:09,440
Dude, delay soap shipments for two weeks.

237
00:14:09,480 --> 00:14:09,920
It's fine.

238
00:14:10,980 --> 00:14:14,300
We're going to do a little double-edged sword here

239
00:14:14,300 --> 00:14:16,780
where we're going to add stress to your life

240
00:14:16,780 --> 00:14:18,260
but also make your business more successful,

241
00:14:18,260 --> 00:14:20,620
go buy the soap, soapminer.com.

242
00:14:20,680 --> 00:14:21,520
You can code RHR.

243
00:14:22,280 --> 00:14:23,080
You'll get a discount.

244
00:14:23,200 --> 00:14:24,820
I forget it's 10 or 15%, whatever it is.

245
00:14:24,820 --> 00:14:25,200
You're going to get,

246
00:14:25,500 --> 00:14:26,960
you'll receive your soap in a month

247
00:14:26,960 --> 00:14:28,040
because he's injured right now

248
00:14:28,040 --> 00:14:30,000
and he's taking, he's going to rest up.

249
00:14:31,020 --> 00:14:31,700
Doctor's orders.

250
00:14:33,480 --> 00:14:35,120
I just, I just use the soap.

251
00:14:35,960 --> 00:14:36,360
Literally.

252
00:14:36,920 --> 00:14:37,300
That's great.

253
00:14:38,620 --> 00:14:40,500
This is why you stock up on soap.

254
00:14:40,560 --> 00:14:42,180
You should have extra bars in the pantry

255
00:14:42,180 --> 00:14:45,100
just in case your soap producer hurts himself.

256
00:14:47,600 --> 00:14:48,840
Shout out to Mav21.

257
00:14:49,240 --> 00:14:50,480
Zapt us 21,000 sats.

258
00:14:50,540 --> 00:14:51,060
No message.

259
00:14:53,820 --> 00:14:54,500
Thank you, sir.

260
00:14:54,640 --> 00:14:55,420
Appreciate the support.

261
00:14:55,500 --> 00:14:56,060
Happy New Year.

262
00:14:57,140 --> 00:14:58,480
Happy New Year to everybody out there.

263
00:14:58,540 --> 00:14:59,600
2026, it's our year.

264
00:14:59,800 --> 00:15:00,260
It's our year.

265
00:15:00,400 --> 00:15:02,380
The year of the Great Awakening is upon us again.

266
00:15:03,500 --> 00:15:04,700
The fifth time in a row.

267
00:15:07,140 --> 00:15:08,940
Next up, unless Silver Squeeze continues.

268
00:15:09,060 --> 00:15:09,920
I haven't been checking the price.

269
00:15:09,920 --> 00:15:12,400
I've been tapped out as I was telling you.

270
00:15:12,400 --> 00:15:13,860
Have you not been following this?

271
00:15:14,120 --> 00:15:14,700
This is...

272
00:15:14,700 --> 00:15:16,360
I've got my oldest.

273
00:15:16,360 --> 00:15:17,540
It's historic, Marty.

274
00:15:18,620 --> 00:15:20,740
We're on four days of my oldest having the flu,

275
00:15:20,960 --> 00:15:24,960
and our priorities have been on him.

276
00:15:26,140 --> 00:15:29,060
Oh, by the way, on that note, I forgot to mention,

277
00:15:29,520 --> 00:15:33,860
we did have a Christmas miracle at my house.

278
00:15:35,620 --> 00:15:39,940
On Christmas Eve, our toddler went upstairs,

279
00:15:40,620 --> 00:15:44,320
took off his pants by himself, and took a shit in the toilet.

280
00:15:45,040 --> 00:15:45,860
Super static.

281
00:15:46,360 --> 00:15:47,840
Huge moment.

282
00:15:49,140 --> 00:15:50,280
All by himself.

283
00:15:51,680 --> 00:15:55,620
Our oldest, he was potty trained in literally 48 hours.

284
00:15:55,800 --> 00:16:04,840
We did the no pants weekend, pissing and defecating in the toilet almost immediately.

285
00:16:04,840 --> 00:16:08,040
Our middle child, however, we're going on a year of potty training.

286
00:16:08,400 --> 00:16:11,440
And I'm very envious of your Christmas miracle.

287
00:16:11,880 --> 00:16:15,980
I would kill for a poop miracle in our household.

288
00:16:15,980 --> 00:16:17,800
Yeah, because they're around the same age.

289
00:16:18,080 --> 00:16:23,140
I always heard that if you have an older sibling, it's usually easier because they see it happen.

290
00:16:24,140 --> 00:16:33,220
We did the naked thing too, but I think the dogs make it more difficult because he just sees the dogs not shit in toilets.

291
00:16:33,480 --> 00:16:35,280
So it confuses him a little bit.

292
00:16:35,960 --> 00:16:37,940
But anyway, huge Christmas miracle.

293
00:16:38,040 --> 00:16:39,080
We were pretty happy about it.

294
00:16:39,940 --> 00:16:41,300
But anyway, Silver Squeeze.

295
00:16:41,300 --> 00:16:48,560
first of all, I think I was a little bit hard on the precious metal freaks. I'm happy for you.

296
00:16:48,560 --> 00:16:56,520
If you've been stacking physical for 10 years, not playing paper markets, waiting for your moment,

297
00:16:57,200 --> 00:17:01,620
there's respect there. There's respect there. It is a battle of money though.

298
00:17:02,520 --> 00:17:09,100
And at the end of the day, I think Bitcoin is going to win. So take that as it is. But

299
00:17:09,100 --> 00:17:11,840
watching the silver squeeze is

300
00:17:11,840 --> 00:17:13,860
to me

301
00:17:13,860 --> 00:17:14,940
incredibly exciting

302
00:17:14,940 --> 00:17:17,240
and specifically

303
00:17:17,240 --> 00:17:18,380
the

304
00:17:18,380 --> 00:17:21,520
disconnect between physical and paper

305
00:17:21,520 --> 00:17:22,840
and

306
00:17:22,840 --> 00:17:25,680
that amplified and compounded

307
00:17:25,680 --> 00:17:27,640
globally. What is the

308
00:17:27,640 --> 00:17:29,660
price in China? What is the price in Singapore? What is the

309
00:17:29,660 --> 00:17:31,260
price in Japan? What is the price in London?

310
00:17:32,720 --> 00:17:33,700
What is the price

311
00:17:33,700 --> 00:17:35,600
where you can actually go to a store and sell it or

312
00:17:35,600 --> 00:17:37,540
go to the store and buy it? Can you even get

313
00:17:37,540 --> 00:17:37,920
physical?

314
00:17:39,100 --> 00:17:44,180
And to me, that's fascinating. And we're kind of witnessing that in real time right now.

315
00:17:47,060 --> 00:17:53,420
Obviously, I think it also shows a lot of the shortcomings of, you know, trading physical metal.

316
00:17:55,020 --> 00:18:00,860
I mean, there's a bunch of reports out right now. It's hard to follow what's real and what's not because it's...

317
00:18:03,320 --> 00:18:04,480
Yeah, did that bang?

318
00:18:04,480 --> 00:18:05,520
One hour engagement.

319
00:18:06,840 --> 00:18:08,260
Yeah, who knows? I don't know.

320
00:18:08,260 --> 00:18:16,700
that banks are short but the one i was talking about was supposedly uh like china's blocking

321
00:18:16,700 --> 00:18:27,300
all shipments uh physical out of out of country um it's just it's a very interesting dynamic

322
00:18:27,300 --> 00:18:31,700
anyway the paper price is getting hurt right now but uh

323
00:18:31,700 --> 00:18:36,580
I don't think that's the real price.

324
00:18:37,180 --> 00:18:44,260
The paper price right now in New York is a little under $72.

325
00:18:46,360 --> 00:18:49,420
I don't think you can get physical for that price right now.

326
00:18:50,460 --> 00:18:52,260
Not even close, but who knows?

327
00:18:55,540 --> 00:19:00,440
It hit $83.75 around there earlier this week.

328
00:19:00,440 --> 00:19:06,720
i believe and if you see the paper price they just have like a wall in the 70s now

329
00:19:06,720 --> 00:19:15,580
um what is the silver spot price it's saying 2359 that doesn't seem right is that right

330
00:19:15,580 --> 00:19:25,960
no but there's been reports that like uh in some places the the the physical price is like 120

331
00:19:25,960 --> 00:19:34,920
Once again, it's impossible to verify any of this stuff and shows a lot of the shortcomings with trading physical metal, especially at size.

332
00:19:37,480 --> 00:19:55,380
But this is, I mean, if we're right, this is, you know, kind of a look into the future of what could happen in a Bitcoin, real Bitcoin versus paper Bitcoin squeeze type of scenario.

333
00:19:55,960 --> 00:20:04,680
the omega candle is that what you're calling for here i'm not calling for an omega candle

334
00:20:04,680 --> 00:20:14,220
no i know it is uh there were rumors that a bank's going to go under that started last week

335
00:20:14,220 --> 00:20:20,740
nothing's materialized i saw some people speculating today it might be ubs um i would

336
00:20:20,740 --> 00:20:26,740
caution anybody not to fall hook, line, and sinker for rumors of these banks falling.

337
00:20:27,060 --> 00:20:28,980
I've been duped many times in the past.

338
00:20:29,680 --> 00:20:33,640
It's one of these things where it doesn't really matter if you call it early, unless

339
00:20:33,640 --> 00:20:35,260
you're trying to short a bank stock.

340
00:20:35,260 --> 00:20:41,600
But if it does happen, I wouldn't get your hopes up until it's actually in the news and

341
00:20:41,600 --> 00:20:41,960
verified.

342
00:20:43,000 --> 00:20:44,760
And then there's been people watching repos.

343
00:20:44,860 --> 00:20:45,720
Repos spiked.

344
00:20:46,140 --> 00:20:50,140
That was partially, people are saying, is because of lack of liquidity in metals.

345
00:20:50,740 --> 00:20:53,360
Well, there's other things too.

346
00:20:53,460 --> 00:20:58,600
There's like window dressing at the end of the year that the banks need to do from a balance sheet perspective.

347
00:20:58,980 --> 00:21:04,540
And so if you look at end of quarter, any year, the repo is going to increase around that.

348
00:21:04,600 --> 00:21:07,260
But there is some noise with the silver stuff going on now.

349
00:21:07,900 --> 00:21:08,960
I think that's a big question.

350
00:21:08,960 --> 00:21:15,980
If repos still get tapped today, which we'll probably find out in 30 minutes, I believe, what that was like this morning,

351
00:21:15,980 --> 00:21:18,280
then that would be

352
00:21:18,280 --> 00:21:20,200
a signal that there is a little liquidity

353
00:21:20,200 --> 00:21:20,800
crunch there

354
00:21:20,800 --> 00:21:24,340
anyway

355
00:21:24,340 --> 00:21:25,580
I think it's

356
00:21:25,580 --> 00:21:28,080
fascinating to watch so that's why I

357
00:21:28,080 --> 00:21:28,760
highlighted it

358
00:21:28,760 --> 00:21:30,220
yeah

359
00:21:30,220 --> 00:21:34,040
we're cheering on the squeeze

360
00:21:34,040 --> 00:21:36,200
we're cheering on the squeeze here at RHR

361
00:21:36,200 --> 00:21:38,160
you know it's got to me

362
00:21:38,160 --> 00:21:39,620
it's got like GameStop vibes

363
00:21:39,620 --> 00:21:41,760
it's like GameStop

364
00:21:41,760 --> 00:21:43,420
mixed with mandibles

365
00:21:43,420 --> 00:21:47,180
it's like sovereign debt

366
00:21:47,180 --> 00:21:49,080
sovereign debt crisis in the game

367
00:21:49,080 --> 00:21:50,540
in the post GameStop era

368
00:21:50,540 --> 00:21:53,140
like when does Robin Hood turn off

369
00:21:53,140 --> 00:21:54,480
paper silver buy button

370
00:21:54,480 --> 00:21:59,060
that'll be I mean

371
00:21:59,060 --> 00:21:59,980
if we're tracking

372
00:21:59,980 --> 00:22:03,300
GameStop I believe that was

373
00:22:03,300 --> 00:22:05,180
in March or April of 21

374
00:22:05,180 --> 00:22:06,460
when they did that

375
00:22:06,460 --> 00:22:09,620
first quarter fireworks

376
00:22:09,620 --> 00:22:11,720
be aware freaks shout out to

377
00:22:11,720 --> 00:22:13,900
Sean zapped us 21,000 sats.

378
00:22:14,080 --> 00:22:14,980
Zappy New Year.

379
00:22:15,640 --> 00:22:16,560
Clever what you did there.

380
00:22:16,700 --> 00:22:17,700
I see what you did there.

381
00:22:19,060 --> 00:22:22,960
A little punny joke with a zap attached to it to start the year.

382
00:22:25,760 --> 00:22:27,520
I want to be clear on the silver stuff too.

383
00:22:28,420 --> 00:22:33,940
Like Matt said earlier, I recommend buying and self-custodied Bitcoin.

384
00:22:34,200 --> 00:22:35,660
I think it's far superior to silver.

385
00:22:35,660 --> 00:22:37,800
But like I said, I'm going to cheer on the squeeze.

386
00:22:37,800 --> 00:22:42,680
I think it's good to see the monetary medals succeed.

387
00:22:43,640 --> 00:22:45,820
I mean, have you seen some of these flex posts?

388
00:22:46,300 --> 00:22:50,160
Like, a guy's been stacking physical silver for 15 years

389
00:22:50,160 --> 00:22:52,880
and just is like a picture of him in front of all of his coins.

390
00:22:53,820 --> 00:22:55,600
I respect that.

391
00:22:56,120 --> 00:22:57,840
Yeah, I respect that hustle.

392
00:22:58,760 --> 00:22:59,660
Shout out you.

393
00:23:00,620 --> 00:23:02,360
Yeah, shout out you.

394
00:23:03,120 --> 00:23:05,080
Next up on the list, we're going to shout out BitChat.

395
00:23:06,540 --> 00:23:07,600
It's been blowing up.

396
00:23:07,600 --> 00:23:12,820
this is crazy this week i had not followed it you put it on the list what's going on in uganda

397
00:23:12,820 --> 00:23:19,680
what first of all click his link click his profile picture logan i think he's got he's

398
00:23:19,680 --> 00:23:25,600
got over two million followers so this guy's like the opposition leader in uh in uganda

399
00:23:25,600 --> 00:23:33,840
um and he expects uh fuckery to happen around the elections uh so he's he's basically doing

400
00:23:33,840 --> 00:23:39,420
my daily stay humble stack sats reminder but in all caps for people to download bitchat

401
00:23:39,420 --> 00:23:51,120
which is just wild um but yeah he he basically expects he expects uh like internet to get shut

402
00:23:51,120 --> 00:23:56,940
down censorship and whatnot and he wants his people to use bitchat to circum circumvent that

403
00:23:56,940 --> 00:24:02,500
which i i just think is is just wild and pretty pretty crazy to witness

404
00:24:02,500 --> 00:24:06,040
that is insane

405
00:24:06,040 --> 00:24:09,240
wow

406
00:24:09,240 --> 00:24:11,400
I'd like to see Freedom

407
00:24:11,400 --> 00:24:12,600
Tech succeed

408
00:24:12,600 --> 00:24:15,820
when is that

409
00:24:15,820 --> 00:24:16,520
election?

410
00:24:17,360 --> 00:24:18,680
also I love the all caps

411
00:24:18,680 --> 00:24:20,100
I don't know

412
00:24:20,100 --> 00:24:21,860
I don't know what the election is

413
00:24:21,860 --> 00:24:22,740
let me ask

414
00:24:22,740 --> 00:24:25,200
Thursday January 15th

415
00:24:25,200 --> 00:24:26,680
is that when it is?

416
00:24:27,480 --> 00:24:28,160
coming up

417
00:24:28,160 --> 00:24:30,340
so

418
00:24:30,340 --> 00:24:32,180
should see some fireworks

419
00:24:32,180 --> 00:24:33,800
in a couple weeks.

420
00:24:34,360 --> 00:24:37,360
Let's see if BitShot is there when the people need it.

421
00:24:37,560 --> 00:24:38,300
It likely will be.

422
00:24:38,780 --> 00:24:39,900
It's a pretty simple tech.

423
00:24:41,400 --> 00:24:44,140
We got Drew Cattlebike zapping us 21,000.

424
00:24:44,620 --> 00:24:47,280
Sats, Noster's taking off in 2026.

425
00:24:47,400 --> 00:24:49,760
Zap Cooking and Runster are great additions.

426
00:24:50,060 --> 00:24:52,060
2026 is a year of value for value.

427
00:24:52,980 --> 00:24:54,160
I said it last year.

428
00:24:55,800 --> 00:24:56,620
Value for value.

429
00:24:56,740 --> 00:24:58,840
If you're looking at Podcasting 2.0,

430
00:24:58,840 --> 00:25:03,880
If we're looking at what happens here week in and week out on our live stream on Primal,

431
00:25:04,940 --> 00:25:07,800
the SATs revenue has been going up pretty consistently.

432
00:25:08,140 --> 00:25:11,120
Again, it's nothing to completely run a business on,

433
00:25:11,220 --> 00:25:15,160
but it is in a material upswing, I would say.

434
00:25:15,160 --> 00:25:23,420
I would not be surprised if we can make Primal, other Noster clients more popular,

435
00:25:23,580 --> 00:25:24,280
get more adoption.

436
00:25:24,420 --> 00:25:27,160
If we can get more adoption of podcasting 2.0 apps like Fountain,

437
00:25:27,160 --> 00:25:34,060
fountain which is also an austere client we can uh see value for value explode in 2026 i co-sign

438
00:25:34,060 --> 00:25:40,620
your message drew cattle bike it's a grind it's a grind it's uh gradually then suddenly thing

439
00:25:40,620 --> 00:25:44,520
but i'm quite optimistic and on the primal side specifically we have

440
00:25:44,520 --> 00:25:52,480
um some really awesome updates in the next just they'll be they'll be rolling out over the next

441
00:25:52,480 --> 00:25:52,980
few months.

442
00:25:53,360 --> 00:25:53,480
What?

443
00:25:55,020 --> 00:25:56,120
It's going to be a good Q1.

444
00:25:57,220 --> 00:25:58,340
Yeah, you're going to love it.

445
00:26:03,160 --> 00:26:04,540
You know what else you're going to love?

446
00:26:05,800 --> 00:26:07,040
The Human Rights Foundation

447
00:26:07,040 --> 00:26:09,120
sent out their top 15

448
00:26:09,120 --> 00:26:10,740
Freedom Tech projects in 2015.

449
00:26:11,580 --> 00:26:13,180
I thought this was a great format.

450
00:26:13,680 --> 00:26:15,100
We might steal this for

451
00:26:15,100 --> 00:26:18,020
open sets.

452
00:26:18,780 --> 00:26:19,600
I like the format.

453
00:26:21,100 --> 00:26:21,920
Shout out to the day you're after.

454
00:26:22,480 --> 00:26:24,720
I don't think they're in any particular order,

455
00:26:24,840 --> 00:26:26,320
but we'll pretend they are because our good friends

456
00:26:26,320 --> 00:26:28,120
in Maple AI are at the top of the list.

457
00:26:30,040 --> 00:26:33,040
So we got Maple AI, Cashew, OpenCode,

458
00:26:34,040 --> 00:26:40,000
which Rob Hamilton and I were texting about earlier this week.

459
00:26:40,080 --> 00:26:43,720
He's a big OpenCode bull right now.

460
00:26:43,720 --> 00:26:50,020
Codemos, El Voto, Tollgate, Bidax, Vexel, PTC Pay Server,

461
00:26:50,520 --> 00:26:52,040
OG, getting some love.

462
00:26:52,480 --> 00:26:59,460
Shakespeare. Shout out to Alex Gleason. If you want a vibe code on Noster, go check out Shakespeare.

463
00:26:59,640 --> 00:27:04,140
ARK. Very bullish on ARK as well. Silent payments.

464
00:27:05,600 --> 00:27:10,080
I'm very excited about silent payments.

465
00:27:11,340 --> 00:27:14,720
It would be so helpful for us with OpenSats payouts.

466
00:27:16,840 --> 00:27:20,760
Bitcoin aid for Myanmar, Routster, and Tondo.

467
00:27:20,760 --> 00:27:22,600
So lean into silent payments more.

468
00:27:22,600 --> 00:27:23,920
Why would that help you guys out?

469
00:27:23,920 --> 00:27:24,420
Yeah.

470
00:27:26,100 --> 00:27:28,260
Because we have to, we send to a,

471
00:27:30,000 --> 00:27:34,000
every month, every month we're sending out

472
00:27:34,200 --> 00:27:39,360
about a million dollars to 200, around 200 grantees.

473
00:27:40,700 --> 00:27:51,640
And we need a fresh address from them every fucking month If we just had a fixed silent payments address then we could just take it from them once not have to re addresses every month

474
00:27:53,600 --> 00:27:56,340
It would make our lives so much easier.

475
00:28:00,160 --> 00:28:02,580
Is this like an iteration of BIP47?

476
00:28:03,120 --> 00:28:06,720
Do you realize that we're verifying 200 Bitcoin addresses a month?

477
00:28:07,480 --> 00:28:08,240
Yes, I know.

478
00:28:08,240 --> 00:28:27,740
Um, I, uh, no, this, this is a, a, a, a, a different method to accomplish a similar goal, um, that requires, um, that, that doesn't require the notification transaction that BIF 47 requires.

479
00:28:27,740 --> 00:28:36,480
The notification transaction is nice because it means you can restore everything directly from chain and it works better with light clients.

480
00:28:37,800 --> 00:28:57,720
If you remember, we covered Craig Raw of Sparrow Wallet released Frigate, I think, which is a attempt at creating a performant silent payment server that's specifically geared to it because it requires a lot of on-demand scanning of the chain to see when you get back.

481
00:28:57,740 --> 00:29:02,940
payments um but yeah it's really promising basically we just need more wallet support

482
00:29:02,940 --> 00:29:09,420
now at this point yeah and this is another thing gradually then suddenly they keep and so i'm sure

483
00:29:09,420 --> 00:29:14,300
your freaks are aware so i had a little lapse in memory here because reuben sompson proposed this

484
00:29:14,300 --> 00:29:23,160
in 2022 in march of 2022 um and it's again one of those gradually then suddenly things you put an

485
00:29:23,160 --> 00:29:28,840
idea out there you work on it for three going on four years and we're getting to the point where

486
00:29:28,840 --> 00:29:35,540
wallets are going to be able to implement it um talking of trade-offs here

487
00:29:35,540 --> 00:29:41,340
i think i'm just like going through the site now because bob cannot pre-generate addresses with

488
00:29:41,340 --> 00:29:45,640
silent payments he needs to keep checking to find new payments from the point he generated the

489
00:29:45,640 --> 00:29:49,740
payment code because the scanning is relatively costly silent payments require more compute and

490
00:29:49,740 --> 00:29:57,200
bandwidth as matt just described there um also uh even though this may sound like a major hit

491
00:29:57,200 --> 00:30:00,940
to user experience thankfully we can already drastically improve sync performance by rolling

492
00:30:00,940 --> 00:30:08,300
out potential outputs like non-tap root outputs tap root dust outputs which are um larger than

493
00:30:08,300 --> 00:30:14,100
or equal to a thousand sats or all potential silent payment outputs spent since you last

494
00:30:14,100 --> 00:30:21,020
scan so there's optimizations and this is on the verification side for the wallets um

495
00:30:21,020 --> 00:30:30,600
and that was a another interesting thing i had my memory jogged on and sort of wallet software

496
00:30:30,600 --> 00:30:36,620
particularly hardware wallet software and my conversation with uh jonas nick and mikhail

497
00:30:36,620 --> 00:30:43,440
kudinov from from blockstream talking about their hash based um signature schemes for

498
00:30:43,440 --> 00:30:44,580
post-quantum Bitcoin.

499
00:30:45,020 --> 00:30:45,780
And that's going to be

500
00:30:45,780 --> 00:30:46,940
one of the major trade-offs

501
00:30:46,940 --> 00:30:49,200
is on the wallet verification side.

502
00:30:49,440 --> 00:30:50,460
Like how long does it actually

503
00:30:50,460 --> 00:30:51,140
take to sign

504
00:30:51,140 --> 00:30:53,040
and run through all these signatures?

505
00:30:53,740 --> 00:30:54,900
So we need beefier,

506
00:30:55,460 --> 00:30:56,400
secure enclaves

507
00:30:56,400 --> 00:30:58,500
on hardware wallets.

508
00:31:05,740 --> 00:31:06,460
Yeah, I mean, look,

509
00:31:06,500 --> 00:31:07,340
I think that's part of the reason

510
00:31:07,340 --> 00:31:08,720
we don't rush into these things.

511
00:31:09,460 --> 00:31:10,640
Let me make them opt-in.

512
00:31:10,640 --> 00:31:19,420
um i uh by the way uh so that was that that freedom tech projects recap was on hrf's newsletter

513
00:31:19,420 --> 00:31:27,840
financialfreedomreport.org um it was like their new year's edition uh the one the one uh project

514
00:31:27,840 --> 00:31:33,000
that i think should have gotten a mention that didn't get a mention um and i pretty much co-signed

515
00:31:33,000 --> 00:31:37,800
everything they've listed there was uh payjoin dev kit is something i'm very excited about

516
00:31:37,800 --> 00:31:41,280
and has made really, really great progress this year.

517
00:31:42,480 --> 00:31:44,520
So I think that could be huge.

518
00:31:44,620 --> 00:31:47,060
I think specifically what to watch in 2026.

519
00:31:48,060 --> 00:31:51,900
I want to see some major brokers and exchanges

520
00:31:51,900 --> 00:31:53,880
add pay, join support.

521
00:31:54,480 --> 00:31:57,100
It actually will save them significantly on fees

522
00:31:57,100 --> 00:32:00,460
at the same time as providing better privacy guarantees

523
00:32:00,460 --> 00:32:00,920
to people.

524
00:32:01,220 --> 00:32:03,340
So it fits really well.

525
00:32:04,280 --> 00:32:05,440
Do you think that's how it has to be marketed?

526
00:32:07,260 --> 00:32:07,460
What?

527
00:32:07,800 --> 00:32:13,060
implementing pay join development kits across these exchanges because we want to

528
00:32:13,060 --> 00:32:15,720
save fees on transaction.

529
00:32:15,720 --> 00:32:16,000
Yes.

530
00:32:17,280 --> 00:32:17,880
Yeah.

531
00:32:18,180 --> 00:32:18,680
I mean,

532
00:32:18,720 --> 00:32:20,200
like if it's a KYC exchange,

533
00:32:20,280 --> 00:32:25,300
obviously it's not giving you any privacy benefit with the exchange.

534
00:32:26,280 --> 00:32:32,300
It does mean that broadly it's adding more plausible deniability to like the

535
00:32:32,300 --> 00:32:37,720
pool of transactions just because even in a heavily regulated,

536
00:32:37,800 --> 00:32:42,100
environment like there's not perfect information sharing between all these different services

537
00:32:42,100 --> 00:32:47,480
especially if they're in different jurisdictions stuff like that but i think the main benefit we'd

538
00:32:47,480 --> 00:32:55,540
see is uh lower fees for both the users and the services um and then second of all just a

539
00:32:55,540 --> 00:33:05,360
normalization of the transaction type right um if if a major exchange is accepting pay join deposits

540
00:33:05,360 --> 00:33:11,840
and withdrawals, then more wallets will support it and it'll become more normalized.

541
00:33:13,160 --> 00:33:13,280
Yeah.

542
00:33:15,520 --> 00:33:18,420
A lot of these things die if it's only a few wallets.

543
00:33:18,500 --> 00:33:23,060
Like I saw, why not BIP47 PayNIMs for OpenSAT stuff?

544
00:33:23,620 --> 00:33:26,120
It's because there's just not wallet support.

545
00:33:26,980 --> 00:33:28,700
There's not significant wallet support.

546
00:33:28,700 --> 00:33:31,060
The only two that I know of is Ashigaro.

547
00:33:31,600 --> 00:33:36,020
And I don't think Sparrow removed it.

548
00:33:36,080 --> 00:33:39,480
It had it for a while in Sparrow.

549
00:33:39,640 --> 00:33:42,700
But we don't want to force users to...

550
00:33:43,380 --> 00:33:46,480
We don't want to force grant recipients to use specific wallets.

551
00:33:47,400 --> 00:33:57,020
We need to use something that has got broad acceptance.

552
00:33:57,020 --> 00:34:02,480
you know and maybe that changes with bit 47 i don't think it will but that's that's the that's

553
00:34:02,480 --> 00:34:07,820
the thought process how and that's why we're not and to be clear that's why we're not using silent

554
00:34:07,820 --> 00:34:13,800
payments right now right like they can you can install cake wallet and receive on silent payments

555
00:34:13,800 --> 00:34:19,680
but we're not going to tell our grant recipients they have to use cake wallet yeah oh i see btc

556
00:34:19,680 --> 00:34:23,840
wrestle says blue wallet it supports yeah i was going to say blue wallet has it as well

557
00:34:23,840 --> 00:34:28,540
how trivial or hard is it going to be to add

558
00:34:28,540 --> 00:34:34,540
silent payments to wallets

559
00:34:34,540 --> 00:34:42,360
do you know any idea i think the hardest part

560
00:34:42,360 --> 00:34:48,680
the hardest part on the light client side is dealing with the sync ux

561
00:34:48,680 --> 00:35:00,120
um honestly like bib 47 shows some of that too anyone who's used bib 47 has been in the situation

562
00:35:00,120 --> 00:35:06,040
where payments don't show up right away um and specifically on android you can do background

563
00:35:06,040 --> 00:35:13,120
sync so the user doesn't really think about that um but on iphone it's really hard to do background

564
00:35:13,120 --> 00:35:18,020
processes they they cut the background processes so you end up loading your wallet and then waiting

565
00:35:18,020 --> 00:35:23,560
there to see payments come through now that we're talking through this that's the hardest part

566
00:35:23,560 --> 00:35:28,500
and the hack on this is probably going to get easily implemented via bdk

567
00:35:28,500 --> 00:35:31,540
bitcoin development kit or something like that

568
00:35:32,380 --> 00:35:41,320
let's have bdk at silent payments as an easy bolt-on modular feature yeah they don't have

569
00:35:41,320 --> 00:35:44,820
they didn't have bdk lists on the list either they've made a lot of progress this year

570
00:35:44,820 --> 00:35:47,240
A lot of reasons to be bullish

571
00:35:47,240 --> 00:35:48,020
Fade the doomers

572
00:35:48,020 --> 00:35:52,640
Highest lowest price ever

573
00:35:52,640 --> 00:35:53,720
Last year

574
00:35:53,720 --> 00:35:55,620
Bullish

575
00:35:55,620 --> 00:36:00,880
Highest lowest price ever

576
00:36:00,880 --> 00:36:05,220
Shout out to you guys at OpenSats

577
00:36:05,220 --> 00:36:07,040
You were sharing this chart

578
00:36:07,040 --> 00:36:08,240
In the group chat yesterday

579
00:36:08,240 --> 00:36:09,420
It was incredibly impressive

580
00:36:09,420 --> 00:36:11,980
The quarterly OpenSats board meeting

581
00:36:11,980 --> 00:36:14,220
You guys shared your grantee

582
00:36:14,220 --> 00:36:20,180
growth per month total grants approaching 400 we're sitting at like 345 right now where is that

583
00:36:20,180 --> 00:36:26,240
up into the right up into the right the grind continues yeah we'll we'll release like a full

584
00:36:26,240 --> 00:36:31,860
uh 2025 year in review report gg's been uh

585
00:36:31,860 --> 00:36:39,740
uh very busy so i told him don't worry about it like we can get it out you know this week or

586
00:36:39,740 --> 00:36:46,160
something it doesn't have to be on new year's um but we'll release a full report but uh bullish as

587
00:36:46,160 --> 00:36:51,600
hell uh we keep shipping and huge shout out to the freaks who continue to support open sets we

588
00:36:51,600 --> 00:36:58,640
couldn't do without you guys but yeah this blows me like it's just to me this puts a lot of our

589
00:36:58,640 --> 00:37:05,880
hard work into perspective uh every everyone has an opinion on how open sets should be run oh this

590
00:37:05,880 --> 00:37:10,220
this thing got too much money this thing got too little money you're not giving out enough grants

591
00:37:10,220 --> 00:37:16,800
like look look how many grants are given out we're fucking shipping super efficient as transparent as

592
00:37:16,800 --> 00:37:25,640
as possible um and we don't take a cut of any donations trying to lead by example there's a

593
00:37:25,640 --> 00:37:31,420
lot of scammy charities out there um you can do it the right way

594
00:37:31,420 --> 00:37:39,100
yeah i wish some of these this fraudulent federal grant money was going towards open

595
00:37:39,100 --> 00:37:46,440
sass something productive yeah exactly you guys are crushing it i know you you already know you

596
00:37:46,440 --> 00:37:53,620
do a good job of it but just blinders fade the haters thank you sir on that topic uh you freaks

597
00:37:53,620 --> 00:37:59,400
have probably heard me say this in the past um but a huge initiative this year is we really want

598
00:37:59,400 --> 00:38:03,480
to get the monthly individual donations up.

599
00:38:05,420 --> 00:38:07,600
That's just monthly reoccurring donations.

600
00:38:08,220 --> 00:38:14,300
So I don't have to spend the next decade as a volunteer trying to raise money.

601
00:38:14,440 --> 00:38:16,720
So we know how much money we're getting.

602
00:38:17,540 --> 00:38:19,560
That's opensats.org monthly.

603
00:38:21,240 --> 00:38:24,740
We'd convert your fiat directly into Bitcoin as soon as we receive it.

604
00:38:25,160 --> 00:38:27,960
So it's like you're stacking sats to open source developers.

605
00:38:29,400 --> 00:38:29,720
Yeah.

606
00:38:31,360 --> 00:38:32,420
Let's fucking go.

607
00:38:33,280 --> 00:38:37,200
Next on the list, big news, long awaited.

608
00:38:37,840 --> 00:38:39,960
You like to see promises made, promises kept.

609
00:38:40,220 --> 00:38:51,660
The team at Fedi made a promise when they launched that they would open source the Fedi stack on the 17th anniversary of the Bitcoin Genesis block, January 3rd, 2026.

610
00:38:52,960 --> 00:38:54,540
So that is happening tomorrow.

611
00:38:56,400 --> 00:38:58,980
Been close with the Fedi team as they've been building this out.

612
00:38:58,980 --> 00:39:10,160
It's been a long process, a Herculean effort to get federated Mint, Chalmea Mint technology live and working.

613
00:39:10,640 --> 00:39:14,980
And that was another good thing in 2025.

614
00:39:15,340 --> 00:39:17,960
Obviously, Fetty Mint, the protocol had some problems.

615
00:39:18,120 --> 00:39:21,040
I believe that was 2024 with the DNS bug.

616
00:39:21,940 --> 00:39:28,660
They fixed and everything that I'm seeing and hearing around the Fetty Mint protocol is very bullish these days.

617
00:39:28,980 --> 00:39:34,200
I absolutely love to see it. Yeah. To be clear here, there's two things, right? There's the

618
00:39:34,200 --> 00:39:41,880
Fediment open source protocol. And then there's Fetty, the for-profit company. Fetty, the for-profit

619
00:39:41,880 --> 00:39:47,820
company, their app has been closed source, and that will be open sourced as of tomorrow.

620
00:39:48,800 --> 00:39:54,440
The Fediment open source project is independent of Fetty, the company, and that has been open

621
00:39:54,440 --> 00:40:02,040
source the entire time. We actually just gave a grant to one of the lead maintainers, Brad.

622
00:40:02,800 --> 00:40:11,800
I'm not going to try and attempt his last name. But we gave him a grant out of OpenSAT's long-term

623
00:40:11,800 --> 00:40:15,900
support grant. Particularly one of the things I'm really proud of is the long-term support grants.

624
00:40:15,900 --> 00:40:26,160
um i had brad on civil dispatch earlier in the year cd 178 in september um great conversation

625
00:40:26,160 --> 00:40:34,700
but one of the the key wins that they had is you know i've i've long said that both cashew and

626
00:40:34,700 --> 00:40:39,920
fediment right so cashew is single sig charming e cash fediment is multi-sig charming e cash

627
00:40:39,920 --> 00:40:47,760
they will live or die based on on how difficult it is to run the servers because you need more

628
00:40:47,760 --> 00:40:55,060
servers and you need them to be able to be run anonymously and on the fediment side you know

629
00:40:55,060 --> 00:41:01,060
you mentioned the dns dependency right you need to have like a domain and domains can get banned

630
00:41:01,060 --> 00:41:06,140
and hit put on spam lists and stuff but also there's a v there's historically been a vps

631
00:41:06,140 --> 00:41:12,520
dependency. And one of the things Brad's been working really hard on, and I think it's live,

632
00:41:12,600 --> 00:41:18,880
at least in beta form, is being able to just run a Fediman instance on your Start9 or other home

633
00:41:18,880 --> 00:41:25,200
server at home privately, which I think is absolutely massive. Which also reminds me,

634
00:41:25,200 --> 00:41:31,420
on the Cashew side, one of the projects that I'm very excited about for 2026 is Orchard,

635
00:41:31,420 --> 00:41:48,840
which attempts to make it much easier for people to just you run caching mints at home privately with a really pretty UI on how everything is functioning and what going on there

636
00:41:49,960 --> 00:41:52,280
So big wins on both those fronts.

637
00:41:53,980 --> 00:41:57,660
Again, critical infrastructure necessary to make this easy.

638
00:41:58,220 --> 00:41:59,740
I've said it once, I'll say it again.

639
00:41:59,740 --> 00:42:12,220
I think Chami and Mintz, whether they're launched via the Cachie Protocol or the Fediment Protocol, are the manifestation of Hal Finney's idea of a free banking system built on Bitcoin.

640
00:42:12,220 --> 00:42:28,680
There are obviously trade-offs, third-party centralization, custody trade-offs specifically, but I think the privacy and low-fee benefits are pretty massive.

641
00:42:28,680 --> 00:42:32,620
And again, you don't have to put your whole stack in HOMI and Mint.

642
00:42:33,040 --> 00:42:40,380
But with that being said, the permissionless nature of these protocols, I think, is very undervalued.

643
00:42:40,640 --> 00:42:50,540
We have the potential to build a new native banking stack on permissionless open source protocols in Cashew and Fediment.

644
00:42:50,840 --> 00:42:55,280
And I think that's extremely powerful, extremely undervalued as it stands today.

645
00:42:55,280 --> 00:43:05,080
You can literally go download, fork some open source code and build sci-fi banking infrastructure on top of Bitcoin using Bitcoin as a reserve asset.

646
00:43:06,460 --> 00:43:13,780
Products like Orchard are critical stepping stones to making that easier for everybody to tap into.

647
00:43:15,680 --> 00:43:16,280
Cosign.

648
00:43:20,340 --> 00:43:24,280
We got next Phoenix D dashboard.

649
00:43:25,280 --> 00:43:27,360
Do we have any boosts?

650
00:43:27,580 --> 00:43:27,880
We do.

651
00:43:28,600 --> 00:43:29,360
We pull these up.

652
00:43:29,540 --> 00:43:31,640
We found ourselves in software updates.

653
00:43:32,720 --> 00:43:34,000
We have found ourselves.

654
00:43:35,000 --> 00:43:35,580
It's hard.

655
00:43:35,660 --> 00:43:41,320
We don't have the clear delineation of the Human Rights Foundation story of the week.

656
00:43:41,480 --> 00:43:43,240
We did the...

657
00:43:43,240 --> 00:43:43,980
Yeah, I can see this.

658
00:43:43,980 --> 00:43:53,200
Our largest zap on Noster, on the video on Noster, was 22,122 sats.

659
00:43:54,060 --> 00:43:54,960
AI is Yang.

660
00:43:55,120 --> 00:43:55,940
Bitcoin is Yin.

661
00:43:56,300 --> 00:43:57,240
Yin is underrated.

662
00:43:58,660 --> 00:44:00,000
Oh, I didn't say who it was from.

663
00:44:00,480 --> 00:44:01,120
Who is it from?

664
00:44:02,120 --> 00:44:02,400
Milky.

665
00:44:03,180 --> 00:44:03,860
Shout out, Milky.

666
00:44:04,000 --> 00:44:04,500
Thank you, sir.

667
00:44:06,880 --> 00:44:07,500
All right.

668
00:44:07,660 --> 00:44:09,500
Top boost from Rabbit Hole Recap.

669
00:44:10,140 --> 00:44:10,620
389.

670
00:44:10,700 --> 00:44:11,320
Silver squeeze.

671
00:44:11,780 --> 00:44:14,180
We got one to read from our boy, Mike Clear.

672
00:44:14,660 --> 00:44:16,300
22,222 sats.

673
00:44:16,400 --> 00:44:17,180
Two's across the board.

674
00:44:17,320 --> 00:44:17,760
Palindrome.

675
00:44:18,600 --> 00:44:19,040
Boost.

676
00:44:19,280 --> 00:44:20,780
Thank you for your service, gentlemen.

677
00:44:20,780 --> 00:44:32,580
And Mike, thank you for your service, whether it's at BitBlockBoom or what you guys are doing at Exergy, what you've done in Colorado with Bitcoin mining there.

678
00:44:32,940 --> 00:44:36,020
Your service is not going unrecognized either, sir.

679
00:44:36,120 --> 00:44:37,780
Thank you for your service and thank you for the stats.

680
00:44:41,840 --> 00:44:42,640
Thank you, sir.

681
00:44:42,640 --> 00:44:43,360
That's all.

682
00:44:46,340 --> 00:44:48,520
What do we got next?

683
00:44:48,520 --> 00:44:58,720
set at phoenix d dashboard has been released self-hoster interface you'll get real-time

684
00:44:58,720 --> 00:45:02,960
balance of payments channel management send receive with qr codes l and url support 100

685
00:45:02,960 --> 00:45:11,160
open source docker ready yes there's yeah i think this is i think this is uh independent of async

686
00:45:11,160 --> 00:45:19,880
um so async is most famously known for phoenix wallet on mobile which provides a very user-friendly

687
00:45:19,880 --> 00:45:27,060
way to use lightning and on-chain um it's you can just send it on-chain utxo and it automatically

688
00:45:27,060 --> 00:45:34,560
creates a channel you can easily spend from that lightning or on-chain um but they also um

689
00:45:34,560 --> 00:45:40,000
they also manage uh they maintain their own lightning implementation called declare

690
00:45:40,000 --> 00:45:52,220
And they have something called PhoenixD, which makes it relatively easy to accept 24-7 payments if you're a merchant or something like that using Phoenix's infrastructure.

691
00:45:52,640 --> 00:45:56,080
I think they charged a flat 1% fee on that.

692
00:45:57,600 --> 00:45:59,060
You don't have to run a node.

693
00:45:59,440 --> 00:46:00,560
You don't have to manage liquidity.

694
00:46:00,900 --> 00:46:02,100
They do all of that for you.

695
00:46:02,740 --> 00:46:04,300
But it was all terminal-based.

696
00:46:04,380 --> 00:46:05,720
There was no UI.

697
00:46:05,720 --> 00:46:13,520
So this guy created a nice, easy UI to manage it and see how your payments are doing.

698
00:46:15,040 --> 00:46:16,100
I wonder if this was vibe-coded.

699
00:46:18,420 --> 00:46:19,940
I mean, hopefully not.

700
00:46:20,840 --> 00:46:24,640
Hopefully it was at least artisanally reviewed after it was vibed.

701
00:46:26,120 --> 00:46:31,000
Well, I mean, it was just a dashboard giving you visibility into your Phoenix D server.

702
00:46:31,000 --> 00:46:40,940
did you see what have you been playing me opus 4.5 at all it feels like agi

703
00:46:40,940 --> 00:46:48,020
uh it's definitely not agi it feels like it though it's extremely extremely powerful

704
00:46:48,020 --> 00:46:57,200
my prediction for 2026 is that there will be no agi um but uh you know i i think you have to be

705
00:46:57,200 --> 00:47:05,620
very careful when you're vibing stuff related to money um and one example i'll give is uh

706
00:47:05,620 --> 00:47:20,020
i love the chain duel guys um you know chain duel the the pvp game uh for sats um yes they were

707
00:47:20,020 --> 00:47:25,160
they were hosting it on a home server, the main chain dual instance.

708
00:47:26,100 --> 00:47:29,980
And I think it was an umbrella and, uh,

709
00:47:30,680 --> 00:47:36,360
they like half set up LB hub and it was exposed on clear net and someone

710
00:47:36,360 --> 00:47:39,620
drained all of their money, took all their money. Um,

711
00:47:40,420 --> 00:47:46,440
and why do I bring that up? I bring that up just because, you know, it,

712
00:47:46,440 --> 00:47:50,620
If you can send and receive money from something, it's not just a dashboard.

713
00:47:51,560 --> 00:47:55,560
And it looks like this guy's dashboard you can send and receive money from.

714
00:47:55,760 --> 00:47:58,020
So just something to be aware.

715
00:47:58,720 --> 00:48:03,980
And I think people just need to be very careful with that stuff.

716
00:48:05,160 --> 00:48:06,180
Agreed. Agreed.

717
00:48:08,760 --> 00:48:10,160
When money is on the line.

718
00:48:10,160 --> 00:48:12,100
Or like, what's the other one?

719
00:48:12,100 --> 00:48:16,160
the date doxing app

720
00:48:16,160 --> 00:48:19,220
that was vibe-coded

721
00:48:19,220 --> 00:48:21,300
and all the KYC information was leaked.

722
00:48:21,300 --> 00:48:22,700
Called like the T or something like that?

723
00:48:23,900 --> 00:48:26,380
Yeah, that was earlier last year,

724
00:48:26,640 --> 00:48:27,780
maybe six months ago.

725
00:48:29,240 --> 00:48:29,900
The T app.

726
00:48:31,180 --> 00:48:34,160
Yeah, so like don't, you know,

727
00:48:34,580 --> 00:48:36,000
don't half-ass security

728
00:48:36,000 --> 00:48:38,140
if privacy or money is online.

729
00:48:38,140 --> 00:48:47,660
i actually i think that's one of the really interesting things about how

730
00:48:47,660 --> 00:48:53,060
alex gleason's shakespeare project handles vibe coded payments

731
00:48:53,060 --> 00:49:00,100
because they're you're not actually vibing a wallet it's just using nostril wallet connect

732
00:49:00,100 --> 00:49:05,400
and lightning address so you're just like you're basically just you're integrating the hooks but

733
00:49:05,400 --> 00:49:07,640
you can't actually send and receive money from the code,

734
00:49:07,980 --> 00:49:11,040
which kind of protects you from there.

735
00:49:11,100 --> 00:49:13,380
And you're actually, you're not storing login credentials

736
00:49:13,380 --> 00:49:15,040
because you're using Nostra private keys.

737
00:49:15,040 --> 00:49:18,540
So you're offloading all that issue,

738
00:49:19,020 --> 00:49:21,980
which is credentials and money.

739
00:49:22,160 --> 00:49:23,800
And you're offloading that on the side

740
00:49:23,800 --> 00:49:25,960
that's completely unrelated to the Vibed app.

741
00:49:27,400 --> 00:49:28,680
Yeah, there's a way to do it.

742
00:49:29,160 --> 00:49:30,320
I think that's the right way to do it.

743
00:49:30,720 --> 00:49:31,320
Shout out to Alex.

744
00:49:32,700 --> 00:49:34,420
I mean, it's a really ironic conversation

745
00:49:34,420 --> 00:49:36,360
considering our next story,

746
00:49:36,960 --> 00:49:39,620
which is...

747
00:49:39,620 --> 00:49:40,300
Which is...

748
00:49:40,300 --> 00:49:42,360
They're intentionally next to Redfoot.

749
00:49:43,280 --> 00:49:43,500
Yeah.

750
00:49:48,500 --> 00:49:49,300
But...

751
00:49:49,300 --> 00:49:50,040
That's pretty cool.

752
00:49:50,980 --> 00:49:52,540
I think it's awesome, yeah.

753
00:49:52,900 --> 00:49:57,980
And I think Nick and his co-founder are awesome.

754
00:49:58,100 --> 00:49:59,520
I had a great conversation with them

755
00:49:59,520 --> 00:50:01,540
a couple of weeks ago.

756
00:50:01,540 --> 00:50:08,360
but Nick is former block and he went out on his own and launched his own

757
00:50:08,360 --> 00:50:11,720
company alongside his co-founder called money dev kit.

758
00:50:13,840 --> 00:50:18,180
And the idea is, you know, super easy,

759
00:50:18,180 --> 00:50:21,220
similar to Phoenix D is like super easy integration of,

760
00:50:21,220 --> 00:50:27,540
of Bitcoin payments into your website or service without managing liquidity.

761
00:50:28,000 --> 00:50:30,220
I think they're charging a 2% fee.

762
00:50:30,220 --> 00:50:37,700
um but don't quote me on that um but anyway he's showing how easy it is to

763
00:50:37,700 --> 00:50:42,780
vibe up an app on replit um and then just add money dev kit to it

764
00:50:43,500 --> 00:50:51,980
oh yeah i mean it's pretty simple what they're doing right it's just simple api call

765
00:50:51,980 --> 00:51:01,560
yeah i mean i think in this case too uh and i haven't tested this out but my assumption here

766
00:51:01,560 --> 00:51:09,440
is that the vibe part is not actually touching any of the send and receive money so i assume you

767
00:51:09,440 --> 00:51:15,640
you separately are logging into your money dev kit account um to to send and receive so

768
00:51:15,640 --> 00:51:17,640
it should be

769
00:51:17,640 --> 00:51:20,480
relatively secure

770
00:51:20,480 --> 00:51:21,160
in that regard.

771
00:51:23,220 --> 00:51:26,520
And with that,

772
00:51:26,620 --> 00:51:27,580
with both PhoenixD

773
00:51:27,580 --> 00:51:29,020
and MoneyDevKit,

774
00:51:29,200 --> 00:51:30,380
the idea is that the user

775
00:51:30,380 --> 00:51:31,300
is generating their own

776
00:51:31,300 --> 00:51:32,120
private keys so that

777
00:51:32,120 --> 00:51:33,200
they're not a money transmitter

778
00:51:33,200 --> 00:51:34,980
and that they don't have

779
00:51:34,980 --> 00:51:36,220
to do KYC on users.

780
00:51:38,780 --> 00:51:39,900
It's a beautiful thing.

781
00:51:40,360 --> 00:51:40,880
The infrastructure

782
00:51:40,880 --> 00:51:42,340
becoming more robust,

783
00:51:42,440 --> 00:51:43,020
getting easier

784
00:51:43,020 --> 00:51:47,100
to integrate Bitcoin into your everyday life,

785
00:51:47,320 --> 00:51:48,040
into your products.

786
00:51:48,620 --> 00:51:51,880
Shout out to Nick and the team at MoneyDevKit there.

787
00:51:52,820 --> 00:51:56,500
Moving on, this is a pretty interesting story

788
00:51:56,500 --> 00:51:58,340
broken on Noster.

789
00:51:58,600 --> 00:52:01,260
It seems like there's an ongoing DDoS attack

790
00:52:01,260 --> 00:52:03,580
on joint market makers where random Nick,

791
00:52:04,440 --> 00:52:06,640
not serving, Onion constantly sends

792
00:52:06,640 --> 00:52:09,640
order book requests through directory servers.

793
00:52:10,280 --> 00:52:12,800
Makers and directors mostly cope with the load,

794
00:52:12,800 --> 00:52:16,780
but the log files, which have a hard-coded debug log level,

795
00:52:16,980 --> 00:52:19,720
grow several gigabytes per hour and crash many makers.

796
00:52:23,000 --> 00:52:28,180
Join market seems to have been under the radar since its launch.

797
00:52:28,540 --> 00:52:31,460
Now it seems like there's a significant attack on it.

798
00:52:32,860 --> 00:52:40,840
Yeah, I mean, this is a classic denial of service attack.

799
00:52:40,840 --> 00:52:44,400
it's going to be pretty hard to

800
00:52:44,400 --> 00:52:50,820
like the solution here is not a real

801
00:52:50,820 --> 00:52:52,700
is not that great of a solution

802
00:52:52,700 --> 00:52:55,160
which is just delete logs

803
00:52:55,160 --> 00:52:57,780
often

804
00:52:57,780 --> 00:53:00,520
but we'll see

805
00:53:00,520 --> 00:53:01,980
I mean I didn't see

806
00:53:01,980 --> 00:53:05,800
a waxwing comment on this yet

807
00:53:05,800 --> 00:53:07,480
so I'm sure they're looking into it

808
00:53:07,480 --> 00:53:10,080
but yeah

809
00:53:10,080 --> 00:53:16,740
this type of attack it would be used effectively to reduce the anonymity set if you were trying to

810
00:53:17,280 --> 00:53:22,660
de-anonymize joint market users by taking makers offline

811
00:53:22,660 --> 00:53:29,760
not great not great we haven't talked about joint market in a while

812
00:53:29,760 --> 00:53:38,860
for those who are unaware it's a coin join marketplace particularly for pretty significant

813
00:53:38,860 --> 00:53:39,940
stacks of Bitcoin.

814
00:53:41,380 --> 00:53:45,920
Very big target on its back,

815
00:53:46,060 --> 00:53:47,880
particularly from people

816
00:53:47,880 --> 00:53:49,000
who would like to figure out

817
00:53:49,000 --> 00:53:49,900
who owns what Bitcoin.

818
00:53:53,900 --> 00:53:55,280
All right, next on the list,

819
00:53:56,000 --> 00:53:59,440
we have a new Maple model

820
00:53:59,440 --> 00:54:00,220
has dropped.

821
00:54:00,220 --> 00:54:03,420
So Maple has incorporated

822
00:54:03,420 --> 00:54:04,540
um

823
00:54:04,540 --> 00:54:18,080
what is k2 just launched apparently kimmy k2 gbt5 yeah kimmy k2

824
00:54:18,080 --> 00:54:23,040
frontier thinking zero data tracking

825
00:54:23,040 --> 00:54:32,480
in gbt5 grok 4 and claude sonnet 4.5 which is pretty pretty crazy open source models competing

826
00:54:32,480 --> 00:54:32,900
with

827
00:54:32,900 --> 00:54:34,900
top tier

828
00:54:34,900 --> 00:54:35,500
closed source

829
00:54:35,500 --> 00:54:35,840
bottles

830
00:54:35,840 --> 00:54:37,020
which is an

831
00:54:37,020 --> 00:54:37,700
inflection point

832
00:54:37,700 --> 00:54:38,840
many people have

833
00:54:38,840 --> 00:54:39,460
been talking about

834
00:54:39,460 --> 00:54:39,960
waiting for

835
00:54:39,960 --> 00:54:40,800
so this is cool

836
00:54:40,800 --> 00:54:44,920
so it's a reason

837
00:54:44,920 --> 00:54:45,360
yeah I mean

838
00:54:45,360 --> 00:54:46,140
it's fantastic

839
00:54:46,140 --> 00:54:47,220
it works really well

840
00:54:47,220 --> 00:54:48,160
I've been testing

841
00:54:48,160 --> 00:54:48,540
it out

842
00:54:48,540 --> 00:54:51,660
especially with

843
00:54:51,660 --> 00:54:52,020
the

844
00:54:52,020 --> 00:54:52,840
you combine this

845
00:54:52,840 --> 00:54:53,500
with the web

846
00:54:53,500 --> 00:54:53,860
search

847
00:54:53,860 --> 00:54:55,060
really good

848
00:54:55,060 --> 00:54:57,000
strong

849
00:54:57,000 --> 00:55:00,220
yeah

850
00:55:00,220 --> 00:55:13,040
Okay. Now we get to the meat of this week's news headlines outside of Bitcoin.

851
00:55:14,060 --> 00:55:15,740
We have two Zaps first.

852
00:55:17,420 --> 00:55:17,980
Okay.

853
00:55:17,980 --> 00:55:22,380
Oh, yeah. You like how you just put it as a list item without any links to anything?

854
00:55:22,380 --> 00:55:30,440
Florida Justin's up 26,262 sats at the fiat mines are joining late grateful for the freaks

855
00:55:30,480 --> 00:55:32,040
and value you bring to my life and family.

856
00:55:32,580 --> 00:55:33,360
Thank you, sir.

857
00:55:33,440 --> 00:55:34,120
Appreciate you.

858
00:55:39,000 --> 00:55:42,340
Sui Generis John, 21,111 sats.

859
00:55:42,420 --> 00:55:44,940
This is a de minimis, non-reported gift.

860
00:55:45,120 --> 00:55:45,940
Fuck the IRS.

861
00:55:48,940 --> 00:55:49,820
What's that say?

862
00:55:52,100 --> 00:55:52,780
Thupithycle.

863
00:55:52,940 --> 00:55:53,540
There we go.

864
00:55:53,840 --> 00:55:54,920
Thupithycle got me.

865
00:55:54,920 --> 00:55:58,260
Did you see what he said on

866
00:55:58,260 --> 00:56:00,840
Our announcement post

867
00:56:00,840 --> 00:56:02,580
No

868
00:56:02,580 --> 00:56:04,300
I think

869
00:56:04,300 --> 00:56:05,660
Let me see if I

870
00:56:05,660 --> 00:56:09,000
Our announcement post

871
00:56:09,000 --> 00:56:09,720
He said

872
00:56:09,720 --> 00:56:13,100
I plan to make you guys

873
00:56:13,100 --> 00:56:14,560
Say really stupid shit for money

874
00:56:14,560 --> 00:56:16,280
Yeah

875
00:56:16,280 --> 00:56:19,340
You got me to do it

876
00:56:19,340 --> 00:56:20,740
Thank you for your support

877
00:56:20,740 --> 00:56:23,040
Appreciate you

878
00:56:23,040 --> 00:56:27,840
all right

879
00:56:27,840 --> 00:56:36,240
it's molly dick hair fraud how do you want to start this holy shit um

880
00:56:36,240 --> 00:56:40,520
it's bad it's really bad

881
00:56:40,520 --> 00:56:44,740
it's such a betrayal

882
00:56:44,740 --> 00:56:53,020
it's uh and it's been going on for a while right that that's what i think is the most

883
00:56:53,020 --> 00:56:57,740
interesting thing of um the last week is for some reason or another i don't know if it was the way

884
00:56:57,740 --> 00:57:05,400
that nick shirley the 23 year old investigative journalist man on the street um broke the news

885
00:57:05,400 --> 00:57:12,580
and maybe it's just like the packaging of in the format of the content and combined with timing but

886
00:57:12,580 --> 00:57:17,400
this has been going on in minnesota for at least seven years probably more i mean there was

887
00:57:17,400 --> 00:57:23,500
investigative reports in local news stations in 2018.

888
00:57:24,300 --> 00:57:26,180
I think I saw one in 2016 too.

889
00:57:26,640 --> 00:57:30,220
Obviously, many people have already been indicted and charged with fraud

890
00:57:30,220 --> 00:57:35,000
as it pertains to this particular daycare loophole

891
00:57:35,000 --> 00:57:39,780
that the Somalian community in Minnesota has seemed to be exploiting

892
00:57:39,780 --> 00:57:40,480
pretty aggressively.

893
00:57:41,980 --> 00:57:45,200
Yeah, there's definitely tapped into a zeitgeist

894
00:57:45,200 --> 00:57:46,900
and people are rightfully pissed off.

895
00:57:47,400 --> 00:57:59,700
yeah i mean uh first of all i love the zoomer boomer uh alliance uh uh pretty fucking cool

896
00:57:59,700 --> 00:58:06,960
yeah and nick's getting all the attention but uh dave the boomer seems to have done a lot of

897
00:58:06,960 --> 00:58:13,020
the research and then he needed his uh he needed a zoomer ally to teach him how the internet works

898
00:58:13,020 --> 00:58:20,580
cameras and shit um but yeah dude it's fucked up i mean i some of you freaks might have called my

899
00:58:20,580 --> 00:58:23,760
joke when i said bitcoin park will finally hit profitability because you're going to launch a

900
00:58:23,760 --> 00:58:32,120
daycare it's it's so like honest americans are out here working their ass off um paying a shit

901
00:58:32,120 --> 00:58:39,680
ton in fucking taxes and these guys are just running a explicit scam in the order of i mean

902
00:58:39,680 --> 00:58:42,540
do we have a total amount of money yet?

903
00:58:42,960 --> 00:58:44,740
It's like billions of dollars.

904
00:58:46,660 --> 00:58:47,860
I mean, in Minnesota alone,

905
00:58:48,200 --> 00:58:51,800
I believe the fraud tally is up to $9 billion at least.

906
00:58:52,000 --> 00:58:53,800
And this is not isolated to Minnesota.

907
00:58:54,200 --> 00:58:57,580
And it's not isolated to the daycares either.

908
00:58:58,500 --> 00:59:00,160
That's more than FTX.

909
00:59:03,120 --> 00:59:04,600
That's fucking insane.

910
00:59:04,600 --> 00:59:08,540
And not only was it explicit,

911
00:59:08,540 --> 00:59:14,540
you know these weren't real daycares it's very obvious if you did any bit of due diligence

912
00:59:14,540 --> 00:59:21,840
supposedly they were transferring millions of dollars of cash in suitcases in carry-on

913
00:59:21,840 --> 00:59:26,660
suitcases through the airport and declaring it they were like oh yeah i'm just traveling i mean

914
00:59:26,660 --> 00:59:31,460
you kind of have to declare i don't know how you would try and sneak millions of dollars in cash in

915
00:59:31,460 --> 00:59:38,860
your backpack. It seems like it'd be pretty fucking obvious. But there must have been,

916
00:59:39,120 --> 00:59:44,100
so many people are complicit in this. Like there's, there's no way that this happens

917
00:59:44,100 --> 00:59:48,680
under the radar and no one realizes. Well, that, I mean,

918
00:59:49,460 --> 00:59:55,560
I think there, again, a lot of the focus has been on the Somalian immigrants. So I will say,

919
00:59:55,620 --> 01:00:01,040
I think they all need to go back. But they did not do this alone. They did not come here from

920
01:00:01,040 --> 01:00:07,480
Somalia and figure out how to exploit these Medicaid loopholes to get all this money.

921
01:00:07,480 --> 01:00:19,860
There were people on the ground, NGOs, legal advice. There are puppeteers above the Somalians

922
01:00:19,860 --> 01:00:26,420
who orchestrated and architected all this infrastructure and basically gave them the

923
01:00:26,420 --> 01:00:34,840
glove service to exploit this and it's becoming very clear that a lot of these daycares and

924
01:00:34,840 --> 01:00:41,040
the other fraud that they're doing is like travel services for for old people where they're buying

925
01:00:41,040 --> 01:00:45,860
cars and not actually taking people anywhere but getting a ton of taxpayer money and they're

926
01:00:45,860 --> 01:00:51,260
funneling it back to politicians and i think it's and that's the other thing too it's i've been

927
01:00:51,260 --> 01:00:57,960
trying to sort of grapple with this over the last few days, because obviously there is a lot of

928
01:00:57,960 --> 01:01:02,460
Democrat influence in this particular scam and a lot of funds been flowing back to

929
01:01:02,460 --> 01:01:07,400
Democratic campaigns, but they've also been going to Republican campaigns. And I think

930
01:01:07,400 --> 01:01:11,680
this is turning into a left versus right issue. And I do think the left is definitely more religious

931
01:01:11,680 --> 01:01:19,220
in this particular type of scam, but the right to think that they're not sort of stealing taxpayer

932
01:01:19,220 --> 01:01:24,280
money via fraud in the military industrial complex whatever like i think that's incredibly naive

933
01:01:24,280 --> 01:01:28,300
like the the federal government itself is completely fraudulent on both sides of the

934
01:01:28,300 --> 01:01:32,740
aisle they just have their different flavors of how they're siphoning off taxpayer funds

935
01:01:32,740 --> 01:01:39,160
yeah i mean i wouldn't be surprised if over half of all government spending is fraud

936
01:01:39,160 --> 01:01:46,900
this is just a staggering amount of money um and i think we're already starting to see the early

937
01:01:46,900 --> 01:01:53,020
signs of people seeing this in other states as you said not just daycares not just somalis um

938
01:01:53,020 --> 01:01:59,100
i mean i think the somali community specifically in minnesota is particularly egregious

939
01:01:59,100 --> 01:02:10,240
um and even anyone even kind of associated with it should be deported um but uh i think this is

940
01:02:10,240 --> 01:02:16,320
is way worse than just that at the surface and it's definitely both sides um

941
01:02:16,320 --> 01:02:24,480
i mean what like i mean we've seen uh it's it's gotten to the point where the overton window is

942
01:02:24,480 --> 01:02:29,320
like people aren't even surprised with this shit it's just like they they expect it they expect

943
01:02:29,320 --> 01:02:34,640
this fraud but i think once you see it firsthand and see how staggering the numbers are it really

944
01:02:34,640 --> 01:02:40,040
pisses it pisses me off it pisses a lot of people off um it's a it's you're breaking the social

945
01:02:40,040 --> 01:02:45,100
contract you're completely breaking the social contract why are we working our asses off um

946
01:02:45,100 --> 01:02:55,380
and paying tax dollars when you're just gaslighting us yeah and you think i mean

947
01:02:55,380 --> 01:03:01,120
and you think about the social consequences particularly long-term social consequences

948
01:03:01,120 --> 01:03:08,640
i mean it's a very big theme in the country over the last couple years is the fertility crisis and

949
01:03:08,640 --> 01:03:15,940
The fact that younger millennials and Gen Z specifically aren't getting married and having children,

950
01:03:17,060 --> 01:03:26,200
and their number one reason for not doing so is they don't think they can economically afford it because of how expensive childcare is.

951
01:03:27,060 --> 01:03:31,920
The fact that they're not able to get good jobs, and even if they are, inflation is ravaging them.

952
01:03:31,920 --> 01:03:41,100
And meanwhile, you have millions of people being imported and then just handed the taxpayer money that we're all paying.

953
01:03:41,220 --> 01:03:50,720
I have done my taxes for 2025 already, and my tax bill is tens of thousands of dollars that I don't know if I want to pay.

954
01:03:50,720 --> 01:04:00,380
It's like, hey, why would that money be better spent on me and my family and supporting my business and local economy?

955
01:04:00,680 --> 01:04:05,680
Or am I just going to hand it over to the IRS to have them funnel it to some scam?

956
01:04:06,740 --> 01:04:09,300
That's likely what's going to happen with the money.

957
01:04:10,200 --> 01:04:15,620
And the over to window, I think a tax revolt is completely justified.

958
01:04:15,760 --> 01:04:17,080
The case for it has never been stronger.

959
01:04:17,880 --> 01:04:20,040
And it's just figuring out how to do that.

960
01:04:20,040 --> 01:04:21,520
because you're not going to vote your way out of this.

961
01:04:21,640 --> 01:04:23,640
You have to star them of their revenue.

962
01:04:24,780 --> 01:04:27,900
And I think this is a big, this is going to be a big issue.

963
01:04:28,000 --> 01:04:30,120
This is going to be make or break for this current administration,

964
01:04:30,440 --> 01:04:32,760
how they respond to this, if it's another half-assed.

965
01:04:32,940 --> 01:04:34,860
Because we think, like earlier, we started the year.

966
01:04:35,580 --> 01:04:40,020
We bookended the year with incredible fraud being laid bare

967
01:04:40,020 --> 01:04:42,820
at the beginning of the year with Doge and USAID.

968
01:04:43,440 --> 01:04:44,600
There's been no arrests there.

969
01:04:44,720 --> 01:04:47,220
I think they've stopped funding for it, but there's been no arrests.

970
01:04:47,220 --> 01:04:50,600
There's been no accountability there.

971
01:04:50,940 --> 01:04:58,820
And then we end the year with Nick Shirley laying bare this Somalian daycare fraud, which is spreading like wildfire.

972
01:04:59,040 --> 01:05:00,980
It exists, it seems like, in every state.

973
01:05:03,040 --> 01:05:04,300
So why are we paying taxes?

974
01:05:05,260 --> 01:05:06,940
The income tax was supposed to be temporary.

975
01:05:07,120 --> 01:05:08,220
It was supposed to be for the uber wealthy.

976
01:05:08,760 --> 01:05:11,600
I don't know if you've seen the stats, but people are running the stats out there.

977
01:05:11,600 --> 01:05:18,560
if 50% of the annual federal government budget is fraud,

978
01:05:18,640 --> 01:05:21,060
which it seems highly likely to be,

979
01:05:21,320 --> 01:05:22,740
and you were to eliminate that fraud,

980
01:05:23,340 --> 01:05:24,960
you could eliminate income taxes

981
01:05:24,960 --> 01:05:28,940
for anybody making less than $600,000

982
01:05:28,940 --> 01:05:30,880
and be able to fund.

983
01:05:30,880 --> 01:05:32,060
No, we should just cut taxes.

984
01:05:32,300 --> 01:05:33,120
No taxes.

985
01:05:33,680 --> 01:05:34,360
Tariffs only.

986
01:05:34,980 --> 01:05:36,080
Tariffs and printer only.

987
01:05:36,880 --> 01:05:37,420
It's clean.

988
01:05:38,660 --> 01:05:39,120
I like it.

989
01:05:39,160 --> 01:05:39,800
I like it's clean.

990
01:05:40,040 --> 01:05:40,700
It's very clean.

991
01:05:40,700 --> 01:05:45,020
if uh trump wants to dominate in the midterms that's what he should do

992
01:05:45,020 --> 01:05:48,940
i'm not holding my breath though um i uh

993
01:05:48,940 --> 01:05:57,240
yeah i don't know this is uh it's fucked up it's incredibly fucked up

994
01:05:57,240 --> 01:06:02,140
uh it's crazy watching it spread on socials um

995
01:06:02,140 --> 01:06:10,600
i mean i think uh you know i'm uh i've definitely not minced words when it

996
01:06:10,600 --> 01:06:15,300
comes to Elon. But I think if it wasn't for X, it would have been hard for it to go viral the way

997
01:06:15,300 --> 01:06:21,420
it went. I mean, people were comparing X numbers versus YouTube and other mediums. This is a

998
01:06:21,420 --> 01:06:28,260
perfect example of the type of thing that would get crushed in the past in terms of view and reach.

999
01:06:29,800 --> 01:06:37,920
So I think that is a positive sign. I will say, just keep in mind that X numbers for views are

1000
01:06:37,920 --> 01:06:42,000
incredibly inflated. It's like if you scroll past and then autoplays for two seconds, it counts.

1001
01:06:42,160 --> 01:06:47,220
And you can see that by comparing our show's numbers, for instance. Anyone who has a show knows

1002
01:06:47,220 --> 01:06:57,780
the dirty secret is that X numbers are insanely inflated. But still, presumably, if X didn't have

1003
01:06:57,780 --> 01:07:09,278
this more laissez policy we wouldn have seen as much virality to it Um but just to put my tinfoil hat on real quick um

1004
01:07:09,418 --> 01:07:15,178
since you've been, uh, uh, dealing with family flu,

1005
01:07:15,538 --> 01:07:20,838
um, when did Shirley break this story?

1006
01:07:22,198 --> 01:07:26,658
I think it was the 23rd, the 23rd.

1007
01:07:27,098 --> 01:07:28,698
I know where you're going with this.

1008
01:07:28,918 --> 01:07:29,518
I like it.

1009
01:07:29,578 --> 01:07:33,878
The 23rd, specifically Somali fraud in Minnesota.

1010
01:07:34,598 --> 01:07:35,878
Well, there's tons of fraud everywhere.

1011
01:07:37,018 --> 01:07:47,758
The 25th, Israel recognizes Somaliland, the breakaway state in Somalia, as a sovereign country.

1012
01:07:48,498 --> 01:07:52,518
Somaliland, they're the first to ever do that since the 1990 separation.

1013
01:07:53,858 --> 01:07:56,378
Somaliland recognizes Israel as a sovereign country.

1014
01:07:56,378 --> 01:07:59,098
Israel agrees to build a military

1015
01:07:59,098 --> 01:08:01,858
Israel gets permission to build a military base

1016
01:08:01,858 --> 01:08:02,938
on their coast

1017
01:08:02,938 --> 01:08:04,238
which is like perfectly

1018
01:08:04,238 --> 01:08:06,918
perfectly geopolitically aligned

1019
01:08:06,918 --> 01:08:08,218
with the Red Sea entrance

1020
01:08:08,218 --> 01:08:11,218
right across from Yemen

1021
01:08:11,218 --> 01:08:11,898
like if you

1022
01:08:11,898 --> 01:08:13,538
I love playing civilization

1023
01:08:13,538 --> 01:08:14,758
like you want that

1024
01:08:14,758 --> 01:08:17,038
primo spot for a city

1025
01:08:17,038 --> 01:08:18,218
drop a

1026
01:08:18,218 --> 01:08:20,898
drop a naval base right there

1027
01:08:20,898 --> 01:08:23,238
and then he comes and visits

1028
01:08:23,238 --> 01:08:24,318
visits Trump

1029
01:08:24,318 --> 01:08:25,858
and spends New Year's with Trump

1030
01:08:25,858 --> 01:08:29,378
and does this whole America tour.

1031
01:08:32,118 --> 01:08:38,698
And so what would be the motive for doing that?

1032
01:08:38,758 --> 01:08:40,898
Well, I think there's rightfully a lot of hate

1033
01:08:40,898 --> 01:08:43,138
towards the Somali community right now in America.

1034
01:08:45,538 --> 01:08:49,638
I mean, people are like, re-watch Black Hawk Down,

1035
01:08:49,698 --> 01:08:50,718
which you should, by the way.

1036
01:08:51,558 --> 01:08:54,618
My dad took me to that when I was way too young,

1037
01:08:54,618 --> 01:08:56,658
but it really shaped my adulthood.

1038
01:08:58,918 --> 01:09:02,218
But yeah, so it fosters hate,

1039
01:09:02,318 --> 01:09:06,298
but also like I wonder, you know,

1040
01:09:06,298 --> 01:09:07,938
how much of that money was going to,

1041
01:09:08,178 --> 01:09:11,498
was funding the non-Somali land government.

1042
01:09:12,678 --> 01:09:13,078
Al-Shabaab.

1043
01:09:13,318 --> 01:09:14,078
So that's a theory.

1044
01:09:14,198 --> 01:09:15,958
I'm not sure how far I've fallen down this rabbit hole.

1045
01:09:16,038 --> 01:09:17,598
So the theory is that.

1046
01:09:20,138 --> 01:09:21,218
There's terrorist finance.

1047
01:09:22,318 --> 01:09:24,238
Yeah, it's about Israel in conjunction

1048
01:09:24,238 --> 01:09:32,838
with um u.s politicians and ngos was using this medicaid fraud to funnel money to somalians who

1049
01:09:32,838 --> 01:09:37,158
were living in minnesota other places in the country spending that not going to work but then

1050
01:09:37,158 --> 01:09:42,178
also as you mentioned earlier they're going through tf tsa with duffel bags full of cash

1051
01:09:42,178 --> 01:09:47,138
millions of dollars sometimes going back to somalia and the theory is that they were paying

1052
01:09:47,138 --> 01:09:54,118
off el shabab to basically get the okay from on somaliland so that israel could do this they had

1053
01:09:54,118 --> 01:09:59,418
to grease the hands first but wait it could be that direction but it could be the opposite

1054
01:09:59,418 --> 01:10:05,678
is al-shabab on the somaliland side or the somali side who are they i'm not sure i think i think it's

1055
01:10:05,678 --> 01:10:10,698
on the somali side hey i'm not a somali expert but from the rabbit hole that's what i'm saying

1056
01:10:10,698 --> 01:10:17,638
so then they cut them off they want to cut them off uh so that they can make this somaliland

1057
01:10:17,638 --> 01:10:23,738
split up be better right well that's what well i hear they're greasing them to make the somaliland

1058
01:10:23,738 --> 01:10:27,298
thing that's like all right we're gonna give you enough money where you'll let us take somali land

1059
01:10:27,298 --> 01:10:31,018
and build a military base but then they threw them under the bus

1060
01:10:31,018 --> 01:10:37,098
it's all right when they did it yeah

1061
01:10:37,098 --> 01:10:43,358
i don't know something reeks there that's uh it stinks

1062
01:10:43,358 --> 01:10:52,778
and then at the same time uh like calls for war with iran of

1063
01:10:53,738 --> 01:10:53,978
Yeah.

1064
01:10:54,398 --> 01:10:54,598
Yeah.

1065
01:10:55,258 --> 01:10:56,738
Trump is tweeting about it.

1066
01:10:57,298 --> 01:11:00,938
That's why I'm not holding my breath on Trump actually doing something like this.

1067
01:11:00,938 --> 01:11:02,338
Because you see his true social posts.

1068
01:11:02,438 --> 01:11:05,218
He's like, we're ready to support the protesters of Iran.

1069
01:11:05,398 --> 01:11:07,838
He's supposed to be the anti-war president.

1070
01:11:08,138 --> 01:11:08,638
He's like, okay.

1071
01:11:09,818 --> 01:11:16,178
You implicitly said we could potentially put people on the ground in Iran on the first day of the year, 2026.

1072
01:11:16,378 --> 01:11:22,618
While we have this massive domestic boiling point that's been reached and people are incredibly pissed off.

1073
01:11:23,738 --> 01:11:35,398
not be good um we have a 42 000 sat zap from silent link he says please support bunker guys

1074
01:11:35,398 --> 01:11:39,798
i was actually talking to him on signal and help walk him through that zap um

1075
01:11:39,798 --> 01:11:44,778
nsec bunkers specifically so you don't need to put your nsec in

1076
01:11:44,778 --> 01:11:53,058
primal to zap if you're using primal um yeah like i said we have a lot of big updates coming

1077
01:11:53,058 --> 01:12:00,638
this year and uh specifically i think the bunker aficionados will be very happy uh with broader

1078
01:12:00,638 --> 01:12:06,678
support in that front but anyway silent.link i love it fantastic you can get a no kyc e-sim

1079
01:12:06,678 --> 01:12:12,538
um pay for it with bitcoin get data around the world works really well

1080
01:12:12,538 --> 01:12:18,558
and it's cheaper than a lot of the alternatives i think the prices are very reasonable it's

1081
01:12:18,558 --> 01:12:24,818
prepaid so you you only pay for the data you use which is particularly great for me because a lot

1082
01:12:24,818 --> 01:12:35,138
of the time i'm just on wi-fi so why pay a monthly bill we got um another zap from northwest arkansas

1083
01:12:35,138 --> 01:12:41,058
bitcoin club i believe i can't see the full name 21 479 sats daycare opening next week

1084
01:12:41,058 --> 01:12:48,678
for real though we have our first meetup saturday january 3rd at pure to pure can

1085
01:12:48,678 --> 01:12:56,338
pure can coffee pure can it's like a play on puritan pure can coffee at 9 30 a.m january 3rd

1086
01:12:56,338 --> 01:13:02,558
that's tomorrow 9 30 a.m saturday be sure to ask them if they accept bitcoin yet i've got a big

1087
01:13:02,558 --> 01:13:08,718
old shot around the corner square terminal i'm dealing with the guy trying to like i'm like hey

1088
01:13:08,718 --> 01:13:13,098
went in two weeks ago i was like hey do you guys accept bitcoin he said no we're working on it i

1089
01:13:13,098 --> 01:13:16,198
went in this morning i was like hey did you get the bitcoin thing figured out he's like no like

1090
01:13:16,198 --> 01:13:21,058
i gotta i gotta figure out my pitch to him i'm gonna go i'm gonna be they should have made it

1091
01:13:21,058 --> 01:13:27,318
they they gotta make it easier um specifically like if the user doesn't want to if the merchant

1092
01:13:27,318 --> 01:13:33,338
doesn't want to keep the bitcoin they just want dollars um it shouldn't require like some kind of

1093
01:13:33,338 --> 01:13:40,998
admin setup like it's just dollars anyway um but yes you know the product's relatively new so

1094
01:13:40,998 --> 01:13:48,298
they'll they'll turn some knobs pull some levers and make it make it easier and better to use i by

1095
01:13:48,298 --> 01:13:55,218
the way on the silent on link thing i think if you use code rhr you get a discount um when in doubt

1096
01:13:55,218 --> 01:14:01,758
just put code rhr into places yeah try it everywhere everywhere amazon whatever it may be

1097
01:14:01,758 --> 01:14:07,098
um props for props are due we're just sitting on the federal government but

1098
01:14:07,098 --> 01:14:13,018
good props for props are due uh major nfa tax stamp update it yesterday

1099
01:14:13,018 --> 01:14:20,338
we can still see 100 over this the 200 federal tax is eliminated for most commonly transferred

1100
01:14:20,338 --> 01:14:24,518
nfa items like suppressors short barreled rifles and short barreled shotguns

1101
01:14:25,158 --> 01:14:30,658
the to me this is both one of the big wins and the big misses of this administration

1102
01:14:30,658 --> 01:14:39,678
And the win is that you no longer have to pay $200 to register an SBR or a suppressor.

1103
01:14:39,838 --> 01:14:47,558
But the loss is that they're still requiring an unconstitutional list and registration of people that have them.

1104
01:14:47,638 --> 01:14:50,198
Otherwise, you get thrown in jail for 10 years.

1105
01:14:53,218 --> 01:14:55,378
Or if you're the weavers, you get killed over it.

1106
01:14:56,238 --> 01:14:59,458
So, I mean, that list is unconstitutional.

1107
01:14:59,458 --> 01:15:07,758
Hopefully this is the next step towards that because the argument historically since the 1930s has been, oh, it's not unconstitutional because it's a tax.

1108
01:15:08,758 --> 01:15:10,858
But now there is literally no tax.

1109
01:15:13,018 --> 01:15:14,238
Anyway, it's been crazy.

1110
01:15:14,358 --> 01:15:18,698
If you've been watching it, that went live January 1st.

1111
01:15:19,738 --> 01:15:25,118
And I guess unofficial numbers have like 90,000 submissions or 100,000 submissions.

1112
01:15:25,118 --> 01:15:36,038
People are submitting potatoes and oil filters and stuff because there was an inadvertent spam filter, basically, because you had a $200 payment that you no longer have.

1113
01:15:36,098 --> 01:15:39,818
So people are just registering 100 different items at a time.

1114
01:15:40,958 --> 01:15:43,258
So it should be interesting to see how they handle that.

1115
01:15:43,898 --> 01:15:47,558
But it's kind of wild to witness, which is why I had it on the list.

1116
01:15:49,158 --> 01:15:52,318
You love to see the trolling of the American people to their government.

1117
01:15:52,318 --> 01:15:54,858
We've still got that fight in us.

1118
01:15:55,118 --> 01:16:04,698
um we talked about it last week some updates here uh trying to cargo ship for pick it up

1119
01:16:04,698 --> 01:16:11,558
you see you can see that i was a little bit tired this week so my uh the titles of my list items are

1120
01:16:11,558 --> 01:16:19,338
kind of phoned in um but uh two things first of all i saw a lot of takes like oh we'll just cut

1121
01:16:19,338 --> 01:16:25,338
out all the ships we'll just we'll just if war breaks out we'll just we'll just blow up all the

1122
01:16:25,338 --> 01:16:31,798
cargo ships and um i posted this after rhr last week but the number of cargo ships in the water is

1123
01:16:31,798 --> 01:16:38,818
fucking insane amount you can't just blow up all the cargo ships um but the second piece i wanted

1124
01:16:38,818 --> 01:16:46,238
to cover was this uh x post uh do you see the other post there logan the other link there

1125
01:16:46,238 --> 01:16:57,418
um since last week uh there's now there's photos of uh them putting you know those um you know how

1126
01:16:57,418 --> 01:17:04,958
our aircraft carriers have uh the slingshots that like launch the planes quicker on a short runway

1127
01:17:04,958 --> 01:17:15,518
uh china's added that to their little cargo ship demo thing uh to launch uavs big uavs uh from

1128
01:17:15,518 --> 01:17:19,438
from the decks of cargo ships and as you can see that thing's on wheels so you just you can

1129
01:17:19,438 --> 01:17:25,878
do it on land you can roll it onto a ship whatever and also you have a super high-res vision of this

1130
01:17:25,878 --> 01:17:31,378
of the missiles in the cargo ships and the reason i bring this up specifically is

1131
01:17:31,378 --> 01:17:37,598
well first of all that's pretty scary in terms of capability but second of all

1132
01:17:37,598 --> 01:17:42,438
like china's been working on this ship for a while like the reason this shit is going viral

1133
01:17:42,438 --> 01:17:45,178
and everyone knows about it is because they want us to know about it.

1134
01:17:45,538 --> 01:17:48,078
Like that is the technique here that's going on.

1135
01:17:48,298 --> 01:17:51,938
So just be aware and keep that in mind when you're thinking about this stuff

1136
01:17:51,938 --> 01:18:00,778
is that, you know, China obviously wants people to believe

1137
01:18:00,778 --> 01:18:03,878
that any cargo ship can be weaponized very easily.

1138
01:18:04,718 --> 01:18:06,778
And that's why we know about it.

1139
01:18:06,778 --> 01:18:12,918
it was very reminiscent of uh the u.s and the allied forces strategy world war ii remember

1140
01:18:12,918 --> 01:18:17,478
they set up the uh the fake tanks and stuff on the one island

1141
01:18:17,478 --> 01:18:24,998
yeah but those are like inflatables yeah as like a diversion i mean if you look at those uavs they

1142
01:18:24,998 --> 01:18:30,158
look like inflatables on this they're like wrapped in no they have well they're they're

1143
01:18:30,158 --> 01:18:40,016
wrapping them so we don know what underneath them but yeah i think i mean the point is it Could it be a diversion Is it like a diversion It could be

1144
01:18:42,516 --> 01:18:45,096
It could be, which is why I bring it up.

1145
01:18:45,096 --> 01:18:48,136
But also like if I was them,

1146
01:18:48,456 --> 01:18:53,396
if I'm going to put my Civ hat on again, you know,

1147
01:18:53,456 --> 01:18:57,896
in terms of force projection, we have them beat,

1148
01:18:57,956 --> 01:18:59,236
and we've had them beat for a while.

1149
01:18:59,236 --> 01:19:07,176
um and they've you know they've they've countered in different ways they've they've built you know

1150
01:19:07,176 --> 01:19:11,056
their islands which are like basically like stationary aircraft carriers with anti-ship

1151
01:19:11,056 --> 01:19:18,196
missiles on them in disputed territory um but they've they've they're crushing us in terms of

1152
01:19:18,196 --> 01:19:27,076
uh commercial ship production um so this seems like an obvious obvious win for them like why

1153
01:19:27,076 --> 01:19:35,396
build a purpose-built aircraft carrier when you could have a thousand cargo ships with missiles on

1154
01:19:35,396 --> 01:19:44,676
them and uavs um more distributed harder to take down a fleet than a than a massive carrier

1155
01:19:44,676 --> 01:19:48,856
makes a lot of sense yeah much cheaper

1156
01:19:48,856 --> 01:19:52,476
so be aware

1157
01:19:52,476 --> 01:19:53,456
be aware

1158
01:19:53,456 --> 01:19:54,336
they want us to know

1159
01:19:54,336 --> 01:19:56,476
they're signaling

1160
01:19:56,476 --> 01:19:57,136
we would not see

1161
01:19:57,136 --> 01:19:57,656
as Matt said

1162
01:19:57,656 --> 01:19:58,416
we would not see this

1163
01:19:58,416 --> 01:19:59,216
if they didn't want us to

1164
01:19:59,216 --> 01:19:59,556
so

1165
01:19:59,556 --> 01:20:01,636
see where it leads

1166
01:20:01,636 --> 01:20:04,856
will they come to the defense of Iran

1167
01:20:04,856 --> 01:20:06,676
is that how World War 3

1168
01:20:06,676 --> 01:20:07,276
is going to start

1169
01:20:07,276 --> 01:20:08,116
we're going to

1170
01:20:08,116 --> 01:20:08,976
go bomb Iran

1171
01:20:08,976 --> 01:20:10,116
on behalf of Israel

1172
01:20:10,116 --> 01:20:11,136
and then China's going to come

1173
01:20:11,136 --> 01:20:11,956
defend Iran

1174
01:20:11,956 --> 01:20:13,816
and we get dragged in

1175
01:20:13,816 --> 01:20:14,976
hopefully not

1176
01:20:14,976 --> 01:20:17,076
speaking

1177
01:20:17,076 --> 01:20:18,156
speaking of Israel

1178
01:20:18,156 --> 01:20:21,236
I'm sure all of you saw the clip or many of you have.

1179
01:20:21,316 --> 01:20:23,216
There was an Israeli billionaire, Shlomo,

1180
01:20:23,596 --> 01:20:27,276
calling for restricting free speech in the United States

1181
01:20:27,276 --> 01:20:31,156
using the power of AI as a...

1182
01:20:31,156 --> 01:20:32,636
Think of it, children.

1183
01:20:33,676 --> 01:20:34,636
Just play it, Logan.

1184
01:20:34,856 --> 01:20:35,796
It's actually three minutes.

1185
01:20:36,216 --> 01:20:37,016
Don't play it.

1186
01:20:37,036 --> 01:20:37,616
It was three minutes.

1187
01:20:38,136 --> 01:20:38,376
Yeah.

1188
01:20:39,556 --> 01:20:41,136
Oh, wait, this is the 35-second clip.

1189
01:20:41,316 --> 01:20:42,516
Play the 35-second clip.

1190
01:20:43,356 --> 01:20:43,616
Okay.

1191
01:20:48,156 --> 01:20:52,116
We can't hear you.

1192
01:20:52,116 --> 01:20:55,536
I don't have the audio totally set up in my away.

1193
01:20:55,596 --> 01:20:56,256
Okay, you're fine.

1194
01:20:57,316 --> 01:20:57,836
You're fine.

1195
01:20:57,916 --> 01:21:00,396
But anyway, he basically just said...

1196
01:21:00,396 --> 01:21:01,636
I got the verbatim quote here.

1197
01:21:01,756 --> 01:21:02,876
I know it's difficult to hear,

1198
01:21:02,996 --> 01:21:04,456
but it's time to limit the First Amendment

1199
01:21:04,456 --> 01:21:05,776
in order to protect it.

1200
01:21:06,916 --> 01:21:07,316
Retarded.

1201
01:21:10,056 --> 01:21:11,276
This is what we're up against.

1202
01:21:11,276 --> 01:21:15,136
And Logan, pull up that.

1203
01:21:15,796 --> 01:21:17,756
I know you can't play it either,

1204
01:21:17,756 --> 01:21:33,116
But I mean, this is, again, bringing it back to Israel. I think that's one thing that went under the radar in 2025 was these anti-Semitism free speech laws that went into effect. I believe in Florida, maybe Texas as well, which are supposed to be bastions for freedom.

1205
01:21:33,116 --> 01:21:39,736
But there really is this attack on free speech and the First Amendment here in the United States.

1206
01:21:40,276 --> 01:21:46,156
And particularly as it pertains to, and they're using anti-Semitism as the scapegoat.

1207
01:21:46,436 --> 01:22:01,856
And this guy, I believe, is the Attorney General of Florida said, he's standing against the First Amendment saying you don't have the right to harm other people with your words and to say things that have negative meaning.

1208
01:22:01,856 --> 01:22:04,736
it's completely insane that you have

1209
01:22:04,736 --> 01:22:07,656
he's either the lieutenant governor or the attorney general

1210
01:22:07,656 --> 01:22:09,056
I forget which one exactly

1211
01:22:09,056 --> 01:22:13,216
but they're coming for speech here in the United States

1212
01:22:13,216 --> 01:22:14,216
they're coming for the first amendment

1213
01:22:14,216 --> 01:22:17,896
you can't harm people with speech

1214
01:22:17,896 --> 01:22:19,996
people can get offended

1215
01:22:19,996 --> 01:22:22,456
but that's an indictment on

1216
01:22:22,456 --> 01:22:24,356
their relatively

1217
01:22:24,356 --> 01:22:29,156
thin skin if you will

1218
01:22:29,156 --> 01:22:34,236
as long as you're not inciting violence or anything like that you can say whatever you want

1219
01:22:34,236 --> 01:22:39,696
yep um and to be clear the israeli billionaire was not

1220
01:22:39,696 --> 01:22:46,856
uh he wasn't really going he wasn't using the hate speech angle which was interesting it was like

1221
01:22:46,856 --> 01:22:51,676
ai and deep fakes and uh

1222
01:22:51,676 --> 01:23:01,316
uh like inciting mob tactics and stuff because of ai um like ai it was like an ai safety argument

1223
01:23:01,316 --> 01:23:06,916
um anyway it comes in many different shapes and sizes uh but this has

1224
01:23:06,916 --> 01:23:11,136
been a constant fight it will be a constant fight um

1225
01:23:11,136 --> 01:23:18,736
and uh yeah i mean i think this is why tech like nostr is so important

1226
01:23:18,736 --> 01:23:27,576
incredibly important freedom tech it's going to win at the end freaks it's going to win in the end

1227
01:23:27,576 --> 01:23:35,116
you got to keep building it on the topic of ai safety um the next story is about grok

1228
01:23:35,116 --> 01:23:42,756
basically going ham on trump being a pedophile uh on x these last few days have did this hit your

1229
01:23:42,756 --> 01:23:49,716
radar yes i didn't see this one of uh xi jinping but i have seen the trend of people asking grok

1230
01:23:49,716 --> 01:23:57,356
to remove the pedophile i saw with a picture of trump i saw one of trump and bb was uh paint the

1231
01:23:57,356 --> 01:24:05,116
pedos face black and the war criminals face red um and they they paint they painted bb red and

1232
01:24:05,116 --> 01:24:14,476
they painted trump black um i don't think yeah i don't think i don't think uh the people leaning

1233
01:24:14,476 --> 01:24:20,896
on the epstein stuff like i don't think there's uh convincing evidence at least to me that he's

1234
01:24:20,896 --> 01:24:28,616
a pedophile i'll be clear and say that um i think he probably is and i think it's probably crazy

1235
01:24:28,616 --> 01:24:33,896
I think it's a little bit crazy how normalized that thought is.

1236
01:24:34,756 --> 01:24:36,596
Is the sitting president of the United States?

1237
01:24:37,496 --> 01:24:39,476
I mean, look at this tweet.

1238
01:24:39,576 --> 01:24:43,096
This tweet has 8.4 million views.

1239
01:24:43,236 --> 01:24:47,316
We already said views are overstated on X,

1240
01:24:47,436 --> 01:24:49,736
but still it's a staggering amount of views.

1241
01:24:49,836 --> 01:24:51,676
And it's pretty much just people like, oh, wow,

1242
01:24:52,036 --> 01:24:54,516
like Grok is based and saying it as it is.

1243
01:24:54,516 --> 01:25:01,336
um i mean this also goes hand in hand by the way with like i'm kind of curious on your opinion like

1244
01:25:01,336 --> 01:25:07,616
grok basically like undressing ladies in the comments uh i haven't seen have you seen this

1245
01:25:07,616 --> 01:25:13,076
they're like they're just putting women in and bikinis um

1246
01:25:13,076 --> 01:25:21,236
which i mean i think is an interesting uh first of all i think uh

1247
01:25:21,236 --> 01:25:24,576
it's being used in an harassment role.

1248
01:25:24,956 --> 01:25:27,956
But I think it's an interesting thought process

1249
01:25:27,956 --> 01:25:29,856
because I think that's the world we're going to.

1250
01:25:29,956 --> 01:25:33,676
And bikinis is like the step before, you know,

1251
01:25:33,756 --> 01:25:35,416
fake nudes of anyone you want.

1252
01:25:38,816 --> 01:25:41,836
Which is going to be, I think, a hard thing for society to grapple with.

1253
01:25:42,636 --> 01:25:43,076
Yeah.

1254
01:25:44,116 --> 01:25:45,036
It's going to be,

1255
01:25:45,676 --> 01:25:47,276
sovereign individual predicted this,

1256
01:25:47,276 --> 01:25:52,936
The ratio of signal to noise is going to be insanely low.

1257
01:25:54,076 --> 01:26:02,076
There's going to be very little signal and a ton of noise that you have to develop the mental fortitude and capabilities to filter.

1258
01:26:02,936 --> 01:26:03,856
It's not going to be easy.

1259
01:26:05,216 --> 01:26:15,296
On the Epstein Trump stuff, I asked the freaks to send me any deep dives they had on the Epstein list last week, if you remember.

1260
01:26:15,296 --> 01:26:18,796
and one of them sent me this website,

1261
01:26:18,996 --> 01:26:20,416
EpsteinSecrets.com.

1262
01:26:20,576 --> 01:26:21,476
Logan, can you pull it up?

1263
01:26:22,356 --> 01:26:23,256
It's pretty crazy.

1264
01:26:29,256 --> 01:26:31,336
Like you're telling me like Trump is not,

1265
01:26:31,416 --> 01:26:34,276
is not caught up in this shit.

1266
01:26:37,576 --> 01:26:38,296
Let me see.

1267
01:26:38,296 --> 01:26:41,936
They have them, they have them with 3000 connections.

1268
01:26:42,276 --> 01:26:44,736
So this is like, you know, the meme of,

1269
01:26:44,736 --> 01:26:47,556
Charlie from Always Sunny with like all the

1270
01:26:47,556 --> 01:26:49,656
like the wall with all the lines

1271
01:26:49,656 --> 01:26:51,116
moving

1272
01:26:51,116 --> 01:26:52,996
all the lines between people or whatever

1273
01:26:52,996 --> 01:26:55,556
this is like an automated version of that

1274
01:26:55,556 --> 01:26:57,096
with the Epstein list

1275
01:26:57,096 --> 01:26:59,616
like all the Epstein dumps

1276
01:26:59,616 --> 01:27:00,536
that have been public

1277
01:27:00,536 --> 01:27:03,236
connecting people and you can put different people in

1278
01:27:03,236 --> 01:27:05,716
so like

1279
01:27:05,716 --> 01:27:06,336
for instance

1280
01:27:06,336 --> 01:27:09,496
just I mean he's definitely

1281
01:27:09,496 --> 01:27:11,576
also involved put Bill Clinton in the

1282
01:27:11,576 --> 01:27:12,296
top instead

1283
01:27:12,296 --> 01:27:23,916
i think if you go to if you go to dashboard he's like no go to dashboard you don't have to sign in

1284
01:27:23,916 --> 01:27:32,596
go to people and entities maybe 1386 mentioned how do we get back to the line graph the line chart

1285
01:27:32,596 --> 01:27:36,716
Anyway, all of these guys are connected.

1286
01:27:37,916 --> 01:27:42,356
I think this shit is really bad.

1287
01:27:43,516 --> 01:27:44,696
I see a Jane Doe in here.

1288
01:27:44,816 --> 01:27:45,456
Who's Jane Doe?

1289
01:27:47,356 --> 01:27:50,596
I don't think we'll get any real substantive answers

1290
01:27:51,256 --> 01:27:53,576
or repercussions from any of this shit either.

1291
01:27:54,576 --> 01:27:55,036
No.

1292
01:27:55,636 --> 01:27:56,016
No.

1293
01:27:56,976 --> 01:27:58,856
Which, oh yeah, look at that.

1294
01:27:59,136 --> 01:28:00,256
Look how crazy that is.

1295
01:28:02,596 --> 01:28:04,276
And by the way, that's not...

1296
01:28:04,276 --> 01:28:06,316
No, you can't put your way out of it.

1297
01:28:07,796 --> 01:28:08,856
Stop paying taxes.

1298
01:28:09,336 --> 01:28:10,156
Save your money in Bitcoin.

1299
01:28:12,856 --> 01:28:14,096
I mean, it is like...

1300
01:28:14,096 --> 01:28:16,016
You laugh because it's like, oh, we all know.

1301
01:28:16,436 --> 01:28:19,656
We've talked about this many years in the past.

1302
01:28:19,956 --> 01:28:23,556
We used to get very uncomfortable when I would bring it up.

1303
01:28:23,636 --> 01:28:26,176
It's like, hey, what is the only other way?

1304
01:28:26,716 --> 01:28:29,416
What is the logical thing here?

1305
01:28:29,496 --> 01:28:31,016
It's like, you can't vote your way out.

1306
01:28:31,276 --> 01:28:32,296
Both sides are corrupted.

1307
01:28:32,596 --> 01:28:38,956
They're literally taking our money, stealing it from us at gunpoint and handing it to frauds.

1308
01:28:38,956 --> 01:28:50,596
They're importing people from around the world who do not share our values and not respect our customs or norms or our communities that we've built over the course of centuries.

1309
01:28:50,996 --> 01:28:55,176
And they're quite literally pillaging the country.

1310
01:28:55,576 --> 01:28:56,996
What are we to do?

1311
01:28:57,136 --> 01:29:00,256
I think the only logical thing is to cut off their revenue.

1312
01:29:00,256 --> 01:29:06,076
and I think that there are people taking this seriously so

1313
01:29:06,076 --> 01:29:16,756
um I will say on the record uh that I have paid a shit ton in taxes uh I continue to pay a shit

1314
01:29:16,756 --> 01:29:24,076
ton of taxes and I encourage the freaks uh to uh I know I know pay their pay their taxes

1315
01:29:24,076 --> 01:29:28,176
this is a hypothetical I'm just saying I'm just trying to explore the

1316
01:29:28,176 --> 01:29:35,836
in minecraft i'm just exploring the problem space of like what what do you do look the

1317
01:29:35,836 --> 01:29:42,076
fucked up part uh is all taxes are unconstitutional um and they have a gun to our heads and they're

1318
01:29:42,076 --> 01:29:46,956
going to make an example they they've made examples of people uh that have gone against

1319
01:29:46,956 --> 01:29:57,476
them they will continue to do so um uh it's incredibly fucked up um and under that under

1320
01:29:57,476 --> 01:29:58,776
under those auspices,

1321
01:30:00,756 --> 01:30:02,476
as someone who really cares about his family,

1322
01:30:02,476 --> 01:30:05,076
I'm not gonna encourage anyone to do a tax revolt.

1323
01:30:06,036 --> 01:30:21,274
But I mean I think what can be done and it an interesting game theory there I mean we give Peter Schiff a lot of this shit which he deserves but his dad I mean fought taxes on constitutional grounds and he died in jail for it

1324
01:30:22,134 --> 01:30:26,794
So there's a game theory there in the beginning if people are trying to push in this direction.

1325
01:30:28,114 --> 01:30:32,774
I mean, obviously, I'd much rather see just taxes get abolished.

1326
01:30:33,254 --> 01:30:33,734
Same.

1327
01:30:34,094 --> 01:30:35,154
Which I support.

1328
01:30:35,794 --> 01:30:51,194
But, I mean, look, the U.S. government is surveilling people's $600 Venmo transactions and then paying out billions of dollars to fake daycares in Minnesota.

1329
01:30:54,274 --> 01:30:57,294
It's treasonous is what it is.

1330
01:30:57,294 --> 01:31:05,754
but meanwhile we have guns to our heads and and uh that's that's the scenario we're operating

1331
01:31:05,754 --> 01:31:18,514
under right now that's almost like uh we're open open air prison slaves in a uh in a large country

1332
01:31:18,514 --> 01:31:27,574
do your work yeah i mean i give us our give us our 40 and go about your day to stop complaining

1333
01:31:27,574 --> 01:31:36,574
i think it gets even more bleak when you uh combine that with uh the big tech stranglehold

1334
01:31:36,574 --> 01:31:46,454
on our digital lives and how intertwined they are with big government um i mean uh

1335
01:31:46,454 --> 01:31:53,074
someone someone was critiquing mandibles than bitcoin standard because they said no it's more

1336
01:31:53,074 --> 01:32:01,854
like 1984 and fahrenheit 451 um yeah it's little pieces of all this shit you know they like they

1337
01:32:01,854 --> 01:32:07,574
got you addicted to scrolling not paying attention moving from one thing to the next

1338
01:32:07,574 --> 01:32:15,074
pumping everyone with drugs over medicated population shitty fucking food

1339
01:32:15,074 --> 01:32:16,894
burning books

1340
01:32:16,894 --> 01:32:18,914
rewriting history

1341
01:32:18,914 --> 01:32:25,034
like it's a combination of all this shit

1342
01:32:25,034 --> 01:32:32,194
telling you not to believe your lying eyes

1343
01:32:32,194 --> 01:32:33,594
that's the like

1344
01:32:33,594 --> 01:32:35,034
the Nick Shirley thing

1345
01:32:35,034 --> 01:32:35,814
the whole

1346
01:32:35,814 --> 01:32:37,494
I mean so

1347
01:32:37,494 --> 01:32:39,014
that's the thing

1348
01:32:39,014 --> 01:32:40,714
that's the other thing

1349
01:32:40,714 --> 01:32:42,334
like we're at this weird inflection point too

1350
01:32:42,334 --> 01:32:44,434
because the reaction to the Nick Shirley video

1351
01:32:44,434 --> 01:32:45,134
was so predictable.

1352
01:32:45,354 --> 01:32:46,194
I mean, there was many people like,

1353
01:32:46,274 --> 01:32:48,834
all right, here's what CNN and NPR

1354
01:32:48,834 --> 01:32:51,274
and all these mainstream media companies

1355
01:32:51,274 --> 01:32:51,754
are going to do.

1356
01:32:51,834 --> 01:32:55,274
They're going to, number one, attack Nick Shirley

1357
01:32:55,274 --> 01:32:57,274
and not actually cover the fraud happen.

1358
01:32:58,034 --> 01:33:00,014
They're going to investigate themselves

1359
01:33:00,014 --> 01:33:02,854
and there'll be press conferences

1360
01:33:02,854 --> 01:33:05,174
with a bunch of Somalians with kids

1361
01:33:05,174 --> 01:33:08,914
that are supposed to be attending the daycares

1362
01:33:08,914 --> 01:33:10,734
and saying, yeah, yeah, look, we're doing it.

1363
01:33:10,834 --> 01:33:11,374
It happened.

1364
01:33:11,374 --> 01:33:18,454
do you see the one guy the one somali who was like yeah someone broke into our daycare and stole our

1365
01:33:18,454 --> 01:33:25,074
records who does like that's not a real thing people don't steal documents from people he was

1366
01:33:25,074 --> 01:33:31,134
wearing he was wearing $2,500 glasses too and then there was another it was a somali woman like in a

1367
01:33:31,134 --> 01:33:36,514
burka but she had like a five carat ring on like we're running a legitimate business here it's like

1368
01:33:36,514 --> 01:33:48,574
Did you see the one of the Somali woman who was clearly reading a pre-prepared speech and one of the lines was fraud is bad and she was so confused why it was in there that she just like freaked out and walked off stage.

1369
01:33:48,914 --> 01:33:50,114
She started crying.

1370
01:33:52,194 --> 01:33:52,954
Clown world.

1371
01:33:54,554 --> 01:33:55,374
It's so bad.

1372
01:33:56,234 --> 01:33:56,894
It is bad.

1373
01:33:57,474 --> 01:33:59,714
I'm going to need to go have a beer about it after this week.

1374
01:34:01,034 --> 01:34:02,474
Shout out to pseudo Carlos.

1375
01:34:02,674 --> 01:34:03,734
Carlos, excuse me.

1376
01:34:04,894 --> 01:34:06,294
Long time OG freak.

1377
01:34:06,294 --> 01:34:12,534
Maybe number one freak in terms of minutes of this show listened by one listener.

1378
01:34:13,074 --> 01:34:14,154
21,000 sats.

1379
01:34:14,254 --> 01:34:14,834
No taxes.

1380
01:34:15,194 --> 01:34:16,314
Who will build the roads?

1381
01:34:17,414 --> 01:34:18,514
I will build the roads.

1382
01:34:18,574 --> 01:34:27,894
If I have to build the roads to avoid this humiliation ritual, this paying taxes so that my money just gets funneled to overt fraud, I will learn how to build roads.

1383
01:34:28,014 --> 01:34:29,794
Carlos, I'll build your road for you.

1384
01:34:29,794 --> 01:34:36,414
I will say that, yeah, first of all, I think private enterprise is more than capable of building roads.

1385
01:34:37,794 --> 01:34:39,414
I know Sudo Carlos knows this.

1386
01:34:40,074 --> 01:34:51,574
But I also, you know, I think there's a little bit of nuance to my thoughts around taxes, which is that like the more local you get, the more reasonable they are.

1387
01:34:53,194 --> 01:34:56,894
The particularly egregious ones are the federal taxes.

1388
01:34:56,894 --> 01:35:02,814
um but like if you're in like a small town small town usa

1389
01:35:02,814 --> 01:35:08,214
like the local government's governing over you know a couple thousand people

1390
01:35:08,214 --> 01:35:16,854
there's way less room for corruption there um and as a result i think those those types of taxes

1391
01:35:16,854 --> 01:35:20,574
are more ethical and you're always you can you can easily move right you can move to the next

1392
01:35:20,574 --> 01:35:26,074
town over move to a different jurisdiction as you get bigger it becomes more coercive

1393
01:35:26,074 --> 01:35:33,034
in the u.s we have an exit tax uh so you don't have the free movement of capital

1394
01:35:33,034 --> 01:35:38,294
to vote with your feet states it can be very expensive to move between states

1395
01:35:38,294 --> 01:35:41,774
some people are just not financially able to move between states

1396
01:35:41,774 --> 01:35:47,654
um we're seeing california for instance right now they're going after billionaires and a bunch of

1397
01:35:47,654 --> 01:35:52,074
billionaires are moving out of the state but uh there's a lot of people that can't afford to move

1398
01:35:52,074 --> 01:35:59,174
out they're stuck their job can't go remote you know and their their house is illiquid and where

1399
01:35:59,174 --> 01:36:04,934
most of their net worth is and they're stuck yeah i'm happy you brought up california because there

1400
01:36:04,934 --> 01:36:12,174
was a great tweet that i'm trying to find hopefully we can pull up but another thing too is like our

1401
01:36:12,174 --> 01:36:18,434
billionaire class like let's not pretend that they're without any blame i think we have the

1402
01:36:18,434 --> 01:36:26,254
worst wealthy elite in human history in terms of taste and actual civic duty being recognized

1403
01:36:26,254 --> 01:36:34,694
and people actually leaning into it uh instead of like henry ford and rockefeller who spent their

1404
01:36:34,694 --> 01:36:41,734
wealth to build up their dominion their locality we have bill gates spinning up the bill and melinda

1405
01:36:41,734 --> 01:36:47,934
Gates Foundation to force vaccinations and kill all the cows across the world.

1406
01:36:48,774 --> 01:36:51,494
And that was, I'm looking for-

1407
01:36:51,494 --> 01:36:52,914
They buy up all the farmland.

1408
01:36:53,674 --> 01:36:53,954
Yeah.

1409
01:36:55,454 --> 01:36:56,954
I've retweeted so much.

1410
01:36:57,134 --> 01:37:01,694
I've been, if you've been following me on X, you'll know that I'm very pissed off about

1411
01:37:01,694 --> 01:37:05,894
this fraud and just been mass retweeting anything, talking about it.

1412
01:37:05,894 --> 01:37:13,694
but uh there's basically a tweet out there that the worst thing that could happen california

1413
01:37:13,694 --> 01:37:21,634
the state government specifically is if um as if the billionaire class basically stood up and said

1414
01:37:21,634 --> 01:37:27,694
hey we'll fund a bunch of this stuff we'll build this high rail system that you've spent 17 billion

1415
01:37:27,694 --> 01:37:39,154
dollars on but haven't laid a foot of track yet um and i think there is some onus on the wealthy

1416
01:37:39,154 --> 01:37:43,614
elite in our country to step up and begin funding the stuff outside of the purview

1417
01:37:43,614 --> 01:37:48,854
of the government instead of like bezos what are you doing with your second wife and

1418
01:37:48,854 --> 01:37:55,174
turks and caicos at like a napkin club you're supposed to be like third richest man in the

1419
01:37:55,174 --> 01:38:03,074
world you gotta have better taste we need billionaires better taste did you see the cloud

1420
01:38:03,074 --> 01:38:11,374
flares uh ceo no his new year's post what was he doing let me see if i can find it

1421
01:38:11,374 --> 01:38:16,734
everyone's like now we know why the outages are happening

1422
01:38:16,734 --> 01:38:22,334
well in california i mean why are you finding that like in california the the state audit

1423
01:38:22,334 --> 01:38:27,954
committee that's uncovered 70 billion dollars worth of fraud across that i mean like a bunch

1424
01:38:27,954 --> 01:38:33,154
of other things and now they want to put a five percent wealth tax on billionaires it's like what

1425
01:38:33,154 --> 01:38:36,734
are you going to do with this money like you you've proven that you're they're just going to

1426
01:38:36,734 --> 01:38:44,814
waste it that's why i do think like yeah like you should look you should you should stand up for

1427
01:38:44,814 --> 01:38:49,274
your community if you have the means but california i think it's too far gone like i think

1428
01:38:49,274 --> 01:38:53,334
specifically in the california case you have to cut off the spoiled child and you have to just move

1429
01:38:53,334 --> 01:38:58,174
you have to cut them out i mean i don't know like i don't know if you saw like rocanna like

1430
01:38:58,174 --> 01:39:03,254
fighting with billionaires on x it's like the time for arguing is over you just move

1431
01:39:03,254 --> 01:39:07,914
um logan pull this up i know you're not gonna have sound but i don't think you need sound

1432
01:39:07,914 --> 01:39:10,514
press play oh god

1433
01:39:10,514 --> 01:39:24,254
it's like these tech these tech people it's like they never had and this is why this is why it

1434
01:39:24,254 --> 01:39:29,794
for younger generations too kids this is probably going to come off terrible but you should be

1435
01:39:29,794 --> 01:39:36,074
throwing keg parties at like 17 and interacting with your friends obviously taking ubers to

1436
01:39:36,074 --> 01:39:37,934
wherever you're going and not drinking and driving.

1437
01:39:38,174 --> 01:39:42,774
But like we need – it's like these people never had fun

1438
01:39:42,774 --> 01:39:46,014
when they were teenagers, like good old-fashioned fun.

1439
01:39:46,014 --> 01:39:49,914
And they're trying to relive it in their 50s and 60s.

1440
01:39:52,594 --> 01:39:54,594
Yeah, I mean Bezos definitely did not.

1441
01:39:54,694 --> 01:39:55,174
He was a geek.

1442
01:39:58,154 --> 01:40:00,514
You can support the geeks and bring the geeks to the party

1443
01:40:00,514 --> 01:40:04,914
so they don't wind up like billionaires without any taste

1444
01:40:04,914 --> 01:40:06,814
and doing things that they think are cool

1445
01:40:06,814 --> 01:40:11,454
that are objectively fucking horrible.

1446
01:40:12,674 --> 01:40:19,374
Yeah, I mean, I think it's important to realize here

1447
01:40:19,374 --> 01:40:22,574
that Cloudflare is basically an extension of the government

1448
01:40:22,574 --> 01:40:25,294
and operates a mafia-style business

1449
01:40:25,294 --> 01:40:27,894
where they take down your website if you don't use them

1450
01:40:27,894 --> 01:40:29,614
and put them in the middle of all your traffic.

1451
01:40:32,014 --> 01:40:34,274
So I'm not too surprised.

1452
01:40:34,274 --> 01:40:37,114
I mean, his PR guy is probably like, what the fuck are you doing?

1453
01:40:37,194 --> 01:40:37,994
Why did you post that?

1454
01:40:38,334 --> 01:40:43,494
But no, they can go fuck themselves.

1455
01:40:48,694 --> 01:40:50,474
And just a really creepy video.

1456
01:40:51,754 --> 01:40:51,934
Yeah.

1457
01:40:52,514 --> 01:40:52,814
Yeah.

1458
01:40:54,494 --> 01:40:55,034
All right.

1459
01:40:56,354 --> 01:40:57,174
First rip of the year.

1460
01:40:57,294 --> 01:40:57,954
I think it was a good one.

1461
01:40:59,774 --> 01:41:00,594
Yeah, I want to be clear.

1462
01:41:00,674 --> 01:41:01,274
Vibes are high.

1463
01:41:01,614 --> 01:41:03,054
We need Freedom Tech more than us.

1464
01:41:04,274 --> 01:41:12,194
So focus on what you can change, you know, build up your local communities, raise strong families, opt out with Bitcoin and other freedom tech like Noster.

1465
01:41:17,174 --> 01:41:19,574
I guess that's where the optimism is.

1466
01:41:20,494 --> 01:41:23,634
We're under 90,000 again. We need you guys to go smash by right now.

1467
01:41:23,734 --> 01:41:25,534
Oh, fuck. Our prediction is already off.

1468
01:41:26,814 --> 01:41:30,694
Number go up needs to happen if we're going to get out of this. So go do your part.

1469
01:41:30,694 --> 01:41:38,574
okay love it happy new year's streak stamblestack sets peace and love
