1 00:00:00,000 --> 00:00:08,980 what's up freaks listen matt and i have been running the show for seven and a half almost 2 00:00:08,980 --> 00:00:15,940 eight years we've created incredible community around rhr we enjoy coming back to the show 3 00:00:15,940 --> 00:00:21,540 week in and week out that's because we know that we're talking to other bitcoiners when we're on 4 00:00:21,540 --> 00:00:26,360 the show we know most of you have been holding for years alongside us and most importantly we 5 00:00:26,360 --> 00:00:28,460 No, you didn't stack just to liquidate. 6 00:00:29,240 --> 00:00:30,740 You know, you're hodling out there. 7 00:00:31,260 --> 00:00:33,360 The hodling means your wealth is locked up. 8 00:00:33,760 --> 00:00:35,460 Traditional finance wants you to sell. 9 00:00:35,840 --> 00:00:37,320 But that's not how us Bitcoiners think. 10 00:00:37,700 --> 00:00:39,740 And that is why this episode is sponsored by Strike. 11 00:00:40,180 --> 00:00:43,740 Strike built something exactly for you, which is their Bitcoin-backed loans. 12 00:00:44,180 --> 00:00:45,860 You borrow against what you already hold. 13 00:00:46,140 --> 00:00:46,720 You don't have to sell. 14 00:00:46,960 --> 00:00:47,720 Take a tax hit. 15 00:00:47,720 --> 00:00:52,300 You can tap into your Bitcoin liquidity using their Bitcoin-backed loans. 16 00:00:52,640 --> 00:00:53,600 So go download Strike. 17 00:00:54,040 --> 00:00:55,280 Use the code RHR. 18 00:00:55,280 --> 00:01:01,500 they've got an rhr code now and you're going to get 500 of fee free stacking to start download 19 00:01:01,500 --> 00:01:09,780 strike use the promo code rhr 500 fee free stacking out of the gate go to strike.me check it out 20 00:01:09,780 --> 00:01:14,840 this rip of rhr was brought to you by our good friends at coin kite they produce the cold card 21 00:01:14,840 --> 00:01:20,100 queue my favorite hardware wallet it's got two secure enclaves it's got a full screen full keyboard 22 00:01:20,100 --> 00:01:24,600 here as you can see if you're watching if you can't watch just imagine something that looks 23 00:01:24,600 --> 00:01:29,840 like a blackberry it allows you to create private public key pairs offline in an arrogant fashion 24 00:01:29,840 --> 00:01:36,960 never have to connect the cold card queue to an internet device you can sign transactions and 25 00:01:36,960 --> 00:01:42,880 psbt's remotely in the most secure fashion if you're a bitcoin power user and you're looking 26 00:01:42,880 --> 00:01:49,000 for the best security go pick up a cold card queue and go to coin kite.com find the cold card 27 00:01:49,000 --> 00:01:55,780 queue there i think you go to coldcard.com as well use the code rhr for five percent off step up your 28 00:01:55,780 --> 00:02:00,360 security get a cold card queue this route was also brought to you by our good friends at stackwork 29 00:02:00,360 --> 00:02:08,020 if you're looking for a great way to make kyc free sats stackwork has bounties go to stackwork.ai 30 00:02:08,020 --> 00:02:13,400 find their bounties page and contribute to the bounties you can make bitcoin kyc free for 31 00:02:13,400 --> 00:02:19,220 completing the bounties if you're a developer looking to scoop up some easy sets go check out 32 00:02:19,220 --> 00:02:25,100 the bounties contribute to them and stack some sets stackwork.ai this rip was brought to you by 33 00:02:25,100 --> 00:02:31,080 our official electrolyte sponsor here at rhr salt of the earth you've been hearing matt and i talk 34 00:02:31,080 --> 00:02:36,560 about it quite a bit i drink multiple packets up in a day you got to stay hydrated that's why my 35 00:02:36,560 --> 00:02:41,080 face looks so good so i'm getting buff i'm able to get to the gym more because i'm hydrated matt 36 00:02:41,080 --> 00:02:45,840 he's looking incredible I'm sure you've all noticed it you want to know why salt of the earth baby 37 00:02:45,840 --> 00:02:51,980 go to drinks saute.com use the code rhr you're gonna get 15 off I'm dead serious 38 00:02:51,980 --> 00:02:57,220 it hasn't made my life way better my wife she's right behind me right now laughing but she's 39 00:02:57,220 --> 00:03:02,260 laughing because she knows it's true she drinks like seven a day I drink a few a day maybe seven 40 00:03:02,260 --> 00:03:07,100 a day too Matt I don't even want to tell you how much he's drinking it's good it keeps you hydrated 41 00:03:07,100 --> 00:03:09,600 It keeps you alert, keeps you ready to go. 42 00:03:09,860 --> 00:03:11,380 DrinkSauté.com. 43 00:03:11,660 --> 00:03:14,920 That's D-R-I-N-K-S-O-T-E.com. 44 00:03:15,000 --> 00:03:18,000 Use the code RHR for 15% off any order. 45 00:03:24,820 --> 00:03:27,800 You've had a dynamic where money has become freer than free. 46 00:03:28,640 --> 00:03:33,560 When you talk about a Fed just gone nuts, all the central banks going nuts. 47 00:03:34,100 --> 00:03:35,760 So it's all acting like safe haven. 48 00:03:35,760 --> 00:03:43,140 I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. 49 00:03:43,240 --> 00:03:46,380 In the world of fiat currencies, Bitcoin is the victor. 50 00:03:47,060 --> 00:03:49,200 I mean, that's part of the bull case for Bitcoin. 51 00:03:49,680 --> 00:03:52,120 If you're not paying attention, you probably should be. 52 00:03:54,800 --> 00:03:58,720 Q4 2025 GDP, 50% of estimates. 53 00:04:00,340 --> 00:04:04,840 Blue Owl, private credit fund, dating, redemptions. 54 00:04:04,840 --> 00:04:07,580 Bitcoin beer and greed index 55 00:04:07,580 --> 00:04:09,600 at nine. Things are 56 00:04:09,600 --> 00:04:11,540 crazy out there. It looks like World War 3 is 57 00:04:11,540 --> 00:04:13,500 starting and they're going to tell us about 58 00:04:13,500 --> 00:04:14,920 the aliens at the same time 59 00:04:14,920 --> 00:04:17,620 what was really in the Epstein files. 60 00:04:18,940 --> 00:04:19,760 The alien 61 00:04:19,760 --> 00:04:21,600 shit is definitely, I have it on the list, 62 00:04:21,700 --> 00:04:23,560 but it's definitely a distraction from 63 00:04:23,560 --> 00:04:25,740 Epstein, right? Oh, dude, I have 64 00:04:25,740 --> 00:04:27,440 my, I went full Marty 65 00:04:27,440 --> 00:04:29,280 Jones last night. Actually, independently 66 00:04:29,280 --> 00:04:31,500 thought of this two days 67 00:04:31,500 --> 00:04:33,380 ago before I tweeted out last night. Like, with 68 00:04:33,380 --> 00:04:38,060 everybody go into the straighter him news prepping for world war three like i think they're all just 69 00:04:38,060 --> 00:04:43,960 meeting there like all right the epstein files are out we're all implicated here's how we're 70 00:04:43,960 --> 00:04:48,920 going to disclose aliens to the world i mean it doesn't have to be that complicated right 71 00:04:48,920 --> 00:04:53,560 they could just be using it so people talk about something else yeah 72 00:04:53,560 --> 00:05:01,760 crazy times crazy times are we live on nasta right now let me check 73 00:05:01,760 --> 00:05:11,180 definitely live on youtube 74 00:05:11,180 --> 00:05:13,880 doesn't look like we're live on 75 00:05:13,880 --> 00:05:14,340 last year 76 00:05:14,340 --> 00:05:18,260 let me see if I fuck something up 77 00:05:18,260 --> 00:05:20,180 it's jam 78 00:05:20,180 --> 00:05:23,080 lake surf 79 00:05:23,080 --> 00:05:25,800 lake surfer 1e is saying no 80 00:05:25,800 --> 00:05:27,200 oh there it is 81 00:05:27,200 --> 00:05:28,920 are we live now 82 00:05:28,920 --> 00:05:30,660 yeah I see it 83 00:05:30,660 --> 00:05:38,260 yeah it looks like i did it right yeah we're live went live a minute ago just took a while 84 00:05:38,260 --> 00:05:45,460 yeah i think um i mean it seems awfully convenient right they had like obama say 85 00:05:45,460 --> 00:05:50,480 like his little comment and then it gave trump uh because they're all implicated 86 00:05:50,480 --> 00:05:56,340 like the dem dem elite the republican elite they're all implicated so they're like okay obama 87 00:05:56,340 --> 00:06:00,420 say this like a little piece on the, on the interview. 88 00:06:00,420 --> 00:06:04,040 And then Trump will have to respond to it. And then Trump can be like, 89 00:06:04,100 --> 00:06:05,780 I'm not being proactive here. 90 00:06:05,920 --> 00:06:09,200 I'm just responding to the questions people are asking. 91 00:06:10,920 --> 00:06:14,880 You think Matt Pines is a pig and shit today? Disclosure is upon us. 92 00:06:15,620 --> 00:06:16,940 He's definitely very excited. 93 00:06:18,260 --> 00:06:23,420 Our, our main alien friend. 94 00:06:26,340 --> 00:06:29,020 Okay, yeah, we're live on Master. 95 00:06:29,700 --> 00:06:30,960 I don't see anybody in the live. 96 00:06:31,080 --> 00:06:32,980 Oh, yeah, Blake Surfers in the live chat now. 97 00:06:36,500 --> 00:06:38,160 All right, we're live. 98 00:06:38,540 --> 00:06:40,480 Wild times, man, wild times. 99 00:06:41,100 --> 00:06:41,680 Wild times. 100 00:06:41,760 --> 00:06:43,840 It's a Friday rip, Friday pre-noon rip. 101 00:06:44,220 --> 00:06:45,040 Got my coffee. 102 00:06:46,180 --> 00:06:47,740 Had back-to-back calls this morning. 103 00:06:48,000 --> 00:06:48,980 Synapses firing. 104 00:06:50,180 --> 00:06:51,660 Agent working in the background. 105 00:06:52,840 --> 00:06:56,220 All is well, despite the craziness going out. 106 00:06:56,220 --> 00:07:04,340 side in the world yet so i took your advice by the way and there's still needs to be it's still 107 00:07:04,340 --> 00:07:10,060 a little bit rough around the edges um but the reason we're ripping on friday and you can hear 108 00:07:10,060 --> 00:07:14,760 the baby crying in the background right now probably is because i'm traveling to to visit 109 00:07:14,760 --> 00:07:27,860 family. My son's great-grandmother, which is very exciting. But so I've been feeding my robot 110 00:07:27,860 --> 00:07:33,340 links throughout the week. And I was like, just put it in a nice list with titles. 111 00:07:34,080 --> 00:07:38,340 And the titles are like kind of questionable. So I need to work on it a little bit. But 112 00:07:38,340 --> 00:07:44,580 even just like that little improvement of just, okay, do the handle the formatting for me. 113 00:07:44,760 --> 00:07:50,680 and pull out the relevant aspects of these links I've provided you and make titles. 114 00:07:50,840 --> 00:07:53,060 It makes my life so much easier on a week-to-week basis. 115 00:07:53,920 --> 00:08:01,140 Yeah. I have a Google sheet that I gave my Clanker read-only access to. 116 00:08:02,520 --> 00:08:07,140 And just throughout the day, if I see something while I'm perusing the internet, 117 00:08:07,520 --> 00:08:10,480 I'll put it in there with a link. 118 00:08:10,580 --> 00:08:12,520 And this is for the Bitcoin Brief newsletter. 119 00:08:12,520 --> 00:08:17,680 and then we have a uh a note section i'll just talk to it for like two minutes like all right 120 00:08:17,680 --> 00:08:22,420 i've just read this article here's what i want to cover about it in the newsletter tomorrow 121 00:08:22,420 --> 00:08:27,920 and just talk for like two minutes i have that in one sheet and one tab and then 122 00:08:27,920 --> 00:08:33,140 my clanker has its own tab too where it's running cron jobs and like banking reports and stuff like 123 00:08:33,140 --> 00:08:38,500 that and then at the end of the day like a little 10 p.m after the boys are in bed i'll just sit 124 00:08:38,500 --> 00:08:42,240 there like okay let's go into the google sheet what did you find what did i find what do we want 125 00:08:42,240 --> 00:08:49,820 put newsletter tomorrow and then boom it's ready to go that's awesome yeah yeah so i basically you 126 00:08:49,820 --> 00:08:54,600 told me that and then i was like okay i can do a much simpler version of that for rhr since it's 127 00:08:54,600 --> 00:09:00,960 only once a week um so i just drop him a link i just like rhr and then i just drop him a link and 128 00:09:00,960 --> 00:09:08,080 he keeps it in a little markdown file for me and then uh makes it pretty right before we go live 129 00:09:08,080 --> 00:09:13,380 yeah and like i said it's it's definitely needs a little bit of refinement so just stick with 130 00:09:13,380 --> 00:09:19,340 main fruits but it's a pretty strong list this week it is and the list uh starts off with something 131 00:09:19,340 --> 00:09:23,800 we should all talk about but before we get to the list we need to give you a state of the network 132 00:09:23,800 --> 00:09:29,600 the current price of bitcoin according to clark moody's dashboard which was getting some love from 133 00:09:29,600 --> 00:09:37,500 michael saylor this week is 67 620 dollars or cuck bucks as we refer to them here one cuck buck 134 00:09:37,500 --> 00:09:39,920 is going to get you 1,479 sats. 135 00:09:40,140 --> 00:09:42,460 We're at a $1.35 trillion market cap. 136 00:09:43,140 --> 00:09:48,500 We're at block height 937,552, 137 00:09:48,560 --> 00:09:50,540 which means we had a difficulty adjustment, 138 00:09:51,360 --> 00:09:52,740 and it happened yesterday, 139 00:09:52,940 --> 00:09:56,940 and it was a large upwards adjustment of 14.7%. 140 00:09:56,940 --> 00:10:00,560 We are currently 1,904 blocks away 141 00:10:00,560 --> 00:10:01,820 from the next difficulty adjustment, 142 00:10:02,120 --> 00:10:05,520 which is estimated right now to be on March 4th, 2026, 143 00:10:05,520 --> 00:10:13,400 early in this epoch we're only 112 blocks into this difficulty epochs to take this estimated 144 00:10:13,400 --> 00:10:18,720 change difficulty change with a grain of salt right now it's looking like a negative 12.8 145 00:10:18,720 --> 00:10:24,340 adjustment blocks been coming in at 11 minutes and 24 seconds on average since yesterday's 146 00:10:24,340 --> 00:10:32,380 upwards adjustment um so hash price got crushed yesterday uh price again hovering around 67 000 147 00:10:32,380 --> 00:10:39,180 dollars if you have high electricity cost and um non-performing machines it's it's hard to be a 148 00:10:39,180 --> 00:10:47,500 miner right now but i do think it is important to uh highlight that uh we had a massive downward 149 00:10:47,500 --> 00:10:52,260 difficulty adjustment right before this which was the second largest since the chinese mining ban 150 00:10:52,260 --> 00:10:57,960 or the largest since the chinese mining ban summer um in logan just pull up this tweet because 151 00:10:57,960 --> 00:11:17,060 I think it is okay for us to do a victory lap in this context because there were a ton of people where we had the 11.7% downward adjustment a couple of weeks ago saying, look, the quantum fund FUD is scary miners. 152 00:11:17,200 --> 00:11:20,260 All the miners are pivoting to AI compute. 153 00:11:20,940 --> 00:11:22,240 Bitcoin is screwed. 154 00:11:22,240 --> 00:11:24,680 and if you actually knew what was going on, 155 00:11:24,760 --> 00:11:26,980 we had a winter storm in the U.S. 156 00:11:26,980 --> 00:11:30,300 and so you had a ton of miners participating in demand response 157 00:11:30,300 --> 00:11:32,100 and then on top of that you had some miners 158 00:11:32,100 --> 00:11:34,740 that probably had to shut down their operations 159 00:11:34,740 --> 00:11:40,640 due to all the ice and the fact that their operations 160 00:11:40,640 --> 00:11:43,180 were literally disrupted by the storm, 161 00:11:43,540 --> 00:11:47,660 not participating in disruptible load demand response programs 162 00:11:47,660 --> 00:11:51,040 but they literally couldn't get to their data centers. 163 00:11:51,040 --> 00:11:54,000 and like shit was frozen and stuff 164 00:11:54,000 --> 00:11:55,520 yeah the weather changed 165 00:11:55,520 --> 00:11:56,300 things warmed up 166 00:11:56,300 --> 00:11:57,260 things thawed out 167 00:11:57,260 --> 00:11:59,200 machines went back online 168 00:11:59,200 --> 00:12:01,360 and we just had a massive upwards adjustment 169 00:12:01,360 --> 00:12:03,700 and so to all those people out there 170 00:12:03,700 --> 00:12:06,220 who were saying the quantum foot is scaring miners 171 00:12:06,220 --> 00:12:09,940 and they're all quickly transitioning to AI 172 00:12:09,940 --> 00:12:12,380 it was the weather 173 00:12:12,380 --> 00:12:15,180 the quantum foot isn't going to go away though 174 00:12:15,180 --> 00:12:15,980 no 175 00:12:15,980 --> 00:12:19,180 and there are a decent amount of miners pivoting to AI 176 00:12:19,180 --> 00:12:20,700 but Bitcoin will be fine 177 00:12:21,040 --> 00:12:23,820 But as I say in the suite, and I think you said it last week and the week before, 178 00:12:24,000 --> 00:12:28,160 if they are pivoting to AI, they're not just going to unplug their machines and let them sit there. 179 00:12:28,260 --> 00:12:30,180 They're going to sell them to people that want to plug them in. 180 00:12:30,660 --> 00:12:34,060 So that hash rate isn't just going away. 181 00:12:35,500 --> 00:12:36,760 Yeah, I agree. 182 00:12:38,900 --> 00:12:44,560 I mean, on the quantum FUD piece, you saw MSTR's earning call, right? 183 00:12:46,240 --> 00:12:48,840 Yeah, we didn't talk about that. It was like two weeks ago. 184 00:12:48,860 --> 00:12:50,820 The quantum security council or whatever? 185 00:12:51,040 --> 00:12:54,060 I'm very reminiscent of the Bitcoin Mining Council. 186 00:12:54,280 --> 00:12:57,160 I feel like it will meet a similar fate. 187 00:12:58,320 --> 00:13:02,780 I think after BIP110 fails 188 00:13:02,780 --> 00:13:08,280 and fails to succeed at their goal of controlling Bitcoin, 189 00:13:09,200 --> 00:13:14,760 but is successful at dividing a shit ton of the Bitcoin ecosystem, 190 00:13:15,640 --> 00:13:18,620 then Saylor and BlackRock will try their quantum fork after that. 191 00:13:18,620 --> 00:13:20,000 And then they will fail as well. 192 00:13:20,000 --> 00:13:25,360 And I think that's what we have in store for us for the next two years, three years. 193 00:13:25,360 --> 00:13:29,480 Is the order of operations, BIP 110 and then Quantum Fork. 194 00:13:30,280 --> 00:13:42,020 I mean, if you think about what were the two groups of stakeholders that were holding back Sailor BlackRock control on Bitcoin, 195 00:13:42,320 --> 00:13:45,740 what is the check and balance? 196 00:13:45,740 --> 00:13:48,700 The check and balance is individual sovereign holders. 197 00:13:48,700 --> 00:13:51,000 Bitcoiners that care about free to money 198 00:13:51,000 --> 00:13:53,200 use their own node, hold their own keys 199 00:13:53,200 --> 00:13:54,960 use real Bitcoin 200 00:13:54,960 --> 00:13:59,160 very intolerant minority 201 00:13:59,160 --> 00:14:00,420 proudly 202 00:14:00,420 --> 00:14:02,020 as it should be 203 00:14:02,020 --> 00:14:04,240 and then you had a 204 00:14:04,240 --> 00:14:06,820 diverse 205 00:14:06,820 --> 00:14:09,380 established developer community 206 00:14:09,380 --> 00:14:10,660 open source developer community 207 00:14:10,660 --> 00:14:13,220 so you alienate and attack the developer community 208 00:14:13,220 --> 00:14:14,800 you divide the sovereign holders 209 00:14:14,800 --> 00:14:17,680 and then you go in for the 210 00:14:17,680 --> 00:14:18,820 for the control piece. 211 00:14:18,940 --> 00:14:20,740 And to be clear, I think they will fail 212 00:14:20,740 --> 00:14:22,000 because the best part about Bitcoin 213 00:14:22,000 --> 00:14:23,600 and the key value prop of Bitcoin 214 00:14:23,600 --> 00:14:26,340 is that it makes it incredibly difficult 215 00:14:26,340 --> 00:14:27,520 to change by default. 216 00:14:29,940 --> 00:14:31,540 Forks just will not be successful 217 00:14:31,540 --> 00:14:32,980 without overwhelming consensus, 218 00:14:33,980 --> 00:14:35,320 as it should be, 219 00:14:35,560 --> 00:14:37,120 because updates can be malicious. 220 00:14:38,600 --> 00:14:39,900 So I think it will fail, 221 00:14:40,000 --> 00:14:41,840 but I think an attempt might be made here 222 00:14:41,840 --> 00:14:43,700 on the Sailor BlackRock side. 223 00:14:45,260 --> 00:14:45,700 Yeah. 224 00:14:46,400 --> 00:14:47,380 We'll not be shocked. 225 00:14:47,680 --> 00:14:50,960 that would be very reminiscent of 2017 226 00:14:50,960 --> 00:14:52,320 and it would actually make sense 227 00:14:52,320 --> 00:14:53,460 it's like an order of magnitude 228 00:14:53,460 --> 00:14:56,820 step up in the foes that you face 229 00:14:56,820 --> 00:14:58,460 because in 2017 230 00:14:58,460 --> 00:15:00,340 it was Coinbase, it was BitPay 231 00:15:00,340 --> 00:15:01,980 it was BitGo at the time 232 00:15:01,980 --> 00:15:03,360 all the elite 233 00:15:03,360 --> 00:15:06,700 VC backed companies in the space that thought they could 234 00:15:06,700 --> 00:15:07,860 control the 235 00:15:07,860 --> 00:15:08,780 the 236 00:15:08,780 --> 00:15:12,160 destiny of the protocol 237 00:15:12,160 --> 00:15:13,260 and how it would operate 238 00:15:13,260 --> 00:15:15,540 we fought back then 239 00:15:15,540 --> 00:15:17,540 BIP110 though 240 00:15:17,540 --> 00:15:21,120 I see you're going off on it, Master. What's going on here? 241 00:15:23,120 --> 00:15:30,780 Dude, I mean, look, I was hoping that, you know, this is the thing that happened in 2017, 242 00:15:32,040 --> 00:15:39,540 where you can like, you agree with people on 99% of things, and then that last 1%, it's just like, it's over. 243 00:15:40,420 --> 00:15:41,720 I cannot agree. 244 00:15:42,960 --> 00:15:46,120 So I was hoping we could come to a reasonable conclusion. 245 00:15:46,120 --> 00:15:54,920 I was trying to remain as independent as possible, particularly given my leadership position at OpenSats. 246 00:15:57,040 --> 00:15:59,020 But I think that ship has sailed. 247 00:15:59,280 --> 00:16:06,340 I don't think they're operating with good intentions. 248 00:16:06,880 --> 00:16:09,680 I just straight up do not think that they're operating with good intentions. 249 00:16:10,420 --> 00:16:12,560 And yes, that's not an objective take. 250 00:16:12,620 --> 00:16:13,880 That's a subjective take. 251 00:16:13,880 --> 00:16:16,980 but I think the entire point 252 00:16:16,980 --> 00:16:17,640 of BIP110 253 00:16:17,640 --> 00:16:20,060 so freaks that might not be aware somehow 254 00:16:20,060 --> 00:16:24,220 for starters 255 00:16:24,220 --> 00:16:26,520 core overstepped their bounds 256 00:16:26,520 --> 00:16:27,800 last year 257 00:16:27,800 --> 00:16:31,140 and changed the default mempool policy 258 00:16:31,140 --> 00:16:32,440 on Bitcoin core 259 00:16:32,440 --> 00:16:34,140 and that 260 00:16:34,140 --> 00:16:35,580 stopped filtering 261 00:16:35,580 --> 00:16:37,300 a upper turn limit 262 00:16:37,300 --> 00:16:37,980 this 263 00:16:37,980 --> 00:16:40,500 data blob 264 00:16:40,500 --> 00:16:42,220 consensus valid area 265 00:16:42,220 --> 00:16:42,700 of Bitcoin 266 00:16:42,700 --> 00:16:43,540 where you can put 267 00:16:43,880 --> 00:16:45,940 anything you want, basically. 268 00:16:46,820 --> 00:16:48,660 Now, that was already consensus valid. 269 00:16:49,000 --> 00:16:50,480 They didn't actually change Bitcoin. 270 00:16:51,480 --> 00:16:54,040 Who, in practice, who changed Bitcoin the most 271 00:16:54,040 --> 00:16:57,140 was probably Peter Todd when he released Libre Relay. 272 00:16:58,920 --> 00:17:01,220 And to be frank, he can go fuck himself for that. 273 00:17:02,060 --> 00:17:03,980 But as soon as Libre Relay was out there, 274 00:17:04,060 --> 00:17:06,360 it was relaying these large op return transactions. 275 00:17:06,360 --> 00:17:07,860 And Core looked at it and they said, 276 00:17:07,980 --> 00:17:09,460 why are Core nodes blocking this? 277 00:17:09,480 --> 00:17:10,220 And they kind of looked at it 278 00:17:10,220 --> 00:17:11,640 from mostly a technical point of view. 279 00:17:12,240 --> 00:17:13,760 And I think they overstepped their bounds. 280 00:17:13,760 --> 00:17:17,040 They should have just not done that, especially when there's any resistance against it. 281 00:17:17,980 --> 00:17:30,000 So once that happened, the guys at Ocean Mining, Luke and Mechanic specifically, realized an opportunity to increase their status and control over Bitcoin. 282 00:17:30,960 --> 00:17:32,500 And so they convinced a mob. 283 00:17:32,980 --> 00:17:37,040 They riled up a mob, who means well, I think, probably for the most part. 284 00:17:37,700 --> 00:17:42,780 But they riled up a mob into believing that Bitcoin was fundamentally changed, even though no consensus rules were changed. 285 00:17:42,780 --> 00:18:04,040 There was no fork of Bitcoin. So they've been doing that for a while. And then it was kind of obvious this was the path they were going to go, which is why I was very hesitant to recommend people run knots. But then they announced their fork of Bitcoin, specifically a soft fork of Bitcoin that constricts rules rather than a clean hard fork. 286 00:18:04,040 --> 00:18:12,040 and the reason they did that is not to stop spam as they pretend it is the reason they did it is to 287 00:18:12,040 --> 00:18:20,520 have more control over bitcoin um it won't stop spam in fact and right now there is very little 288 00:18:20,520 --> 00:18:27,360 consensus and support for bip 110 it probably will not have significant industry support 289 00:18:27,360 --> 00:18:31,040 between miners and node runners and everybody all the stakeholders of bitcoin 290 00:18:31,040 --> 00:18:36,440 And like I said earlier, when that happens, Bitcoin doesn't change. 291 00:18:37,200 --> 00:18:45,340 But the way they have it set up is it can have, you know, 1% of hash rate, very little support, and it can just sit there. 292 00:18:46,020 --> 00:18:50,040 And if it ever gets more support, it will reorg the entire Bitcoin chain. 293 00:18:51,100 --> 00:18:56,220 Thousands of Bitcoin transactions could be reversed, causing massive damage to Bitcoin. 294 00:18:56,220 --> 00:19:08,420 And what I am speculating right now, and yes, this is speculation because they will deny it until they do it, which is a convenient situation for them to be in, is they will get to that point. 295 00:19:09,800 --> 00:19:16,060 Their fork will not have anywhere near levels of consensus on people wanting to run it. 296 00:19:16,520 --> 00:19:18,540 And they will start spamming the main chain. 297 00:19:19,440 --> 00:19:22,380 And they might even spam it with really despicable things. 298 00:19:23,260 --> 00:19:25,240 I would really hope they don't. 299 00:19:26,220 --> 00:19:29,020 At least at one point, I had a lot of respect for these people. 300 00:19:29,380 --> 00:19:30,620 So I hope they don't do that. 301 00:19:31,640 --> 00:19:34,060 But I think they will start spamming it heavily. 302 00:19:34,780 --> 00:19:39,200 And then they will start threatening miners to try and do a hostile reorg of the chain. 303 00:19:39,480 --> 00:19:40,960 That is incredibly fucked up. 304 00:19:41,440 --> 00:19:42,720 That is an attack on Bitcoin. 305 00:19:43,320 --> 00:19:44,320 It is reckless. 306 00:19:45,220 --> 00:19:46,520 It is unnecessary. 307 00:19:47,860 --> 00:19:49,760 And that is not fence sitting. 308 00:19:50,560 --> 00:19:51,680 That is not... 309 00:19:51,680 --> 00:19:55,200 This is the same logical approach to Bitcoin. 310 00:19:56,220 --> 00:19:57,620 which is first, do no harm. 311 00:19:59,620 --> 00:20:02,900 Do not let a lynch mob pressure you 312 00:20:02,900 --> 00:20:07,080 into supporting a fucking hostile fork of Bitcoin. 313 00:20:07,740 --> 00:20:11,420 All forks should default to no to begin with. 314 00:20:12,160 --> 00:20:14,920 You need an overwhelming reason 315 00:20:14,920 --> 00:20:17,340 if you want to try and push a fork for Bitcoin, 316 00:20:17,440 --> 00:20:17,880 in my opinion. 317 00:20:18,140 --> 00:20:19,460 I would never do it personally. 318 00:20:26,220 --> 00:20:47,314 Currently their activation that they going to try and force through is in September Most Bitcoin Twitter influencers the only thing they have going for them is popularity on the internet So they have folded to the Bitcoin mob They have folded to the lynch mob And if you don agree with the lynch mob you quote unquote captured The whole thing just reeks 319 00:20:47,314 --> 00:20:52,774 of hypocrisy. So I just want to say loud and clear here, BIP 110 is an attack on Bitcoin. 320 00:20:53,654 --> 00:21:00,414 I'm greatly disappointed in everyone who is riling up a mob, trying to pressure people into doing it. 321 00:21:01,054 --> 00:21:02,314 These people will fail. 322 00:21:02,814 --> 00:21:04,434 History will look back on them horribly. 323 00:21:05,434 --> 00:21:07,114 And you can try and cancel me, 324 00:21:07,614 --> 00:21:09,894 but I don't really care about your fucking popularity contest. 325 00:21:10,414 --> 00:21:11,874 I do not give a shit. 326 00:21:12,794 --> 00:21:13,894 Bitcoin is the best money. 327 00:21:14,254 --> 00:21:15,854 We need to accelerate freedom money. 328 00:21:16,374 --> 00:21:17,694 The enemies are at the gates. 329 00:21:18,554 --> 00:21:19,814 And it's now or never. 330 00:21:20,194 --> 00:21:21,654 My family relies on the shit. 331 00:21:22,234 --> 00:21:23,694 Marty's family relies on the shit. 332 00:21:23,874 --> 00:21:25,394 Freak's family rely on the shit. 333 00:21:26,234 --> 00:21:28,094 And we're not going to go down without swinging. 334 00:21:28,094 --> 00:21:29,014 You will fail. 335 00:21:30,414 --> 00:21:35,094 Yeah, I mean, I've been saying this since the opportunity I think I co-signed. 336 00:21:35,294 --> 00:21:41,554 You said I don't think it was a great decision by core to push through that policy change. 337 00:21:41,674 --> 00:21:49,214 But again, I've been pretty consistent with this since I was at Bitcoin plus plus in Austin last year. 338 00:21:49,274 --> 00:21:54,574 So almost a year ago, like if it's consensus valid, like, yes, the policy may change. 339 00:21:54,574 --> 00:21:58,634 And many people may not like it, but it's consensus valid. 340 00:21:58,634 --> 00:22:02,154 I don't know why we're squabbling this much. 341 00:22:02,494 --> 00:22:05,794 And to your point, too, like BIP-10, I've seen the lynch mob. 342 00:22:06,074 --> 00:22:07,254 They've been in my menchies. 343 00:22:08,694 --> 00:22:11,654 Yeah, you just haven't convinced me that this is worthwhile 344 00:22:11,654 --> 00:22:14,214 or advantageous successfully. 345 00:22:14,614 --> 00:22:15,334 So that's why. 346 00:22:15,394 --> 00:22:16,594 No, they've done the opposite. 347 00:22:17,294 --> 00:22:18,334 They've done the opposite. 348 00:22:18,654 --> 00:22:19,654 They've tried their hardest. 349 00:22:19,774 --> 00:22:20,774 It was never about convincing. 350 00:22:20,954 --> 00:22:24,554 They've tried their hardest to alienate us and make us their enemies. 351 00:22:25,514 --> 00:22:26,054 And now. 352 00:22:26,514 --> 00:22:27,094 We're captured. 353 00:22:27,094 --> 00:22:31,214 They have to deal with the fucking result. 354 00:22:31,794 --> 00:22:33,254 They have to deal with the fucking result. 355 00:22:33,494 --> 00:22:34,594 That's how it's going to go down. 356 00:22:36,494 --> 00:22:38,074 It's really disappointing. 357 00:22:38,554 --> 00:22:41,394 It's really disappointing, but it is what it is. 358 00:22:41,654 --> 00:22:46,354 And I've said this many times, and I'm sure the previous part will get clipped out of context without this part. 359 00:22:47,094 --> 00:22:49,614 But once again, I'm not happy with what Core did. 360 00:22:51,154 --> 00:22:54,794 I think the answer here is more implementations and more choices for Bitcoin. 361 00:22:55,774 --> 00:22:58,794 I don't think Core should control Bitcoin, and I don't think they do. 362 00:22:59,494 --> 00:23:02,134 And I don't think Luke and Mechanic should control Bitcoin. 363 00:23:02,674 --> 00:23:03,814 Unfortunately, they don't either. 364 00:23:04,714 --> 00:23:06,074 And we will keep it that way. 365 00:23:06,074 --> 00:23:20,154 And the best way to stop that from happening is to give people that care about Bitcoin, that are working on Bitcoin, talented people, an ethical, transparent, reliable way of getting funding. 366 00:23:20,154 --> 00:23:22,354 So they don't go to fucking Epstein to get funding. 367 00:23:22,354 --> 00:23:27,334 so they don't go to get an investment check from Jack Dorsey 368 00:23:27,334 --> 00:23:29,354 to get massive salary to attack Bitcoin. 369 00:23:29,994 --> 00:23:33,514 So you can actually have independent thought in Bitcoin 370 00:23:33,514 --> 00:23:35,574 and node operators can have more choices 371 00:23:35,574 --> 00:23:37,334 because you can't just, 372 00:23:37,594 --> 00:23:41,474 this whole idea of defund all dev operations movement 373 00:23:41,474 --> 00:23:43,374 is just, it's a fallacy 374 00:23:43,374 --> 00:23:46,134 because if you don't provide them that path, 375 00:23:46,674 --> 00:23:48,074 they will take a much worse path 376 00:23:48,074 --> 00:23:50,854 and Bitcoin will be worse off for it. 377 00:23:50,854 --> 00:23:56,654 agreed and just a point of clarification too you said they'll reorg the whole chain 378 00:23:56,654 --> 00:24:03,554 just for semantic uh sort of accuracy here they wouldn't be able to reorg the whole chain but 379 00:24:03,554 --> 00:24:09,114 i think if they got significant hash rate they could disrupt um probably like 380 00:24:09,114 --> 00:24:14,974 the better part of a day's worth of blocks and transactions well it's it's from the point of 381 00:24:14,974 --> 00:24:15,494 activation. 382 00:24:16,734 --> 00:24:18,674 So like, by the way, 383 00:24:19,354 --> 00:24:20,994 Udi, all those Tappery Wizard guys, 384 00:24:21,094 --> 00:24:22,394 they can all go fuck themselves too. 385 00:24:23,394 --> 00:24:24,814 They said it would actually 386 00:24:24,814 --> 00:24:27,034 make their 387 00:24:27,034 --> 00:24:28,674 previous inscriptions more valuable 388 00:24:28,674 --> 00:24:30,774 because it would be, 389 00:24:31,014 --> 00:24:32,934 you'd have to do a different path to spam 390 00:24:32,934 --> 00:24:34,814 the chain, so those would be unique and rare. 391 00:24:36,474 --> 00:24:37,114 It's like 392 00:24:37,114 --> 00:24:39,074 here we are stuck in the middle with you 393 00:24:39,074 --> 00:24:41,054 with a bunch of assholes surrounding us. 394 00:24:41,294 --> 00:24:43,214 Dude, it could be longer 395 00:24:43,214 --> 00:24:44,714 than, the way they have it set up, 396 00:24:44,714 --> 00:24:45,874 and their goal right now, 397 00:24:47,394 --> 00:24:48,174 and once again, 398 00:24:48,274 --> 00:24:49,094 they've been very careful 399 00:24:49,094 --> 00:24:50,334 about what they say publicly, 400 00:24:50,774 --> 00:24:53,294 but their goal is to reorg the chain. 401 00:24:53,694 --> 00:24:54,554 And it could be a week. 402 00:24:55,174 --> 00:24:57,034 Just imagine what kind of damage 403 00:24:57,034 --> 00:24:57,914 that does to Bitcoin. 404 00:24:58,294 --> 00:24:59,754 If you are in a situation 405 00:24:59,754 --> 00:25:02,714 where people that care more 406 00:25:02,714 --> 00:25:03,794 about controlling Bitcoin 407 00:25:03,794 --> 00:25:04,534 and their own ego 408 00:25:04,534 --> 00:25:07,834 would rather reorg... 409 00:25:07,834 --> 00:25:09,054 Their own subjective view 410 00:25:09,054 --> 00:25:10,614 of what it should be too, right? 411 00:25:10,974 --> 00:25:11,314 Sure. 412 00:25:11,494 --> 00:25:12,594 They want to control Bitcoin. 413 00:25:12,594 --> 00:25:16,434 will rather reorg a week's worth of Bitcoin transactions 414 00:25:16,434 --> 00:25:18,494 while gaslighting us and tell us 415 00:25:18,494 --> 00:25:20,214 they care more about Bitcoin as money, 416 00:25:20,654 --> 00:25:22,874 but they want to disrupt a reverse, 417 00:25:22,874 --> 00:25:26,274 a week of Bitcoin transactions, if not more, 418 00:25:27,294 --> 00:25:28,974 if they don't have their way. 419 00:25:30,674 --> 00:25:33,414 So how does a reorg work? 420 00:25:33,514 --> 00:25:36,414 I see Prophecy saying, okay, so look, 421 00:25:37,034 --> 00:25:40,714 it's a very clever attack, 422 00:25:41,334 --> 00:25:42,494 the way they have it set up. 423 00:25:42,594 --> 00:25:48,594 And so BIP-110 restricts the rule set of blocks, right? 424 00:25:48,674 --> 00:25:56,574 So every block that's valid on the BIP-110 chain is valid also on the existing chain. 425 00:25:57,274 --> 00:26:04,794 And so if BIP-110 actually had overwhelming consensus, let's say 75, 80, 90% of the network supported it. 426 00:26:04,874 --> 00:26:07,714 It's hard to calculate until it happens, but we're very far away from that. 427 00:26:07,714 --> 00:26:15,814 what would happen is everyone would just basically start accepting these more restricted rules and a bunch of Bitcoin transactions that were previous valid wouldn't be anymore. 428 00:26:15,894 --> 00:26:22,294 And you couldn't use those in the future going forward. No past transactions would disappear. 429 00:26:22,454 --> 00:26:31,254 And that's why when certain things have had overwhelming consensus, the community has gone the soft fork route because it's backwards compatible. 430 00:26:31,254 --> 00:26:36,194 and if there is actually consensus, it's relatively clean, 431 00:26:36,794 --> 00:26:38,234 much more clean than the hard fork. 432 00:26:38,994 --> 00:26:41,854 But when you have a soft fork that's getting pushed 433 00:26:41,854 --> 00:26:44,414 by a very small amount of people loudly 434 00:26:44,414 --> 00:26:47,154 with cancel culture and lynch mob tactics, 435 00:26:47,714 --> 00:26:51,214 you end up in a situation that BIP-110 gets force activated 436 00:26:51,214 --> 00:26:53,214 before anyone even thinks there's consensus. 437 00:26:53,614 --> 00:26:55,394 So at least in past soft fork attempts, 438 00:26:55,474 --> 00:26:57,294 there's been an attempt to make consensus 439 00:26:57,294 --> 00:26:59,494 and see that there's consensus and people want to do it. 440 00:26:59,494 --> 00:27:01,754 In this case, it's actually probably the opposite. 441 00:27:02,774 --> 00:27:04,494 I don't see any consensus building. 442 00:27:04,654 --> 00:27:07,774 I see just you either agree with us or you don't agree with us, 443 00:27:07,774 --> 00:27:08,874 but we're going to fucking do it. 444 00:27:08,874 --> 00:27:09,794 And you can go fuck yourself. 445 00:27:09,894 --> 00:27:10,354 You're captured. 446 00:27:10,714 --> 00:27:11,414 You're a pedophile. 447 00:27:12,574 --> 00:27:14,714 That's what I see right now, quite frankly. 448 00:27:14,894 --> 00:27:16,234 And you can go fuck yourself for it. 449 00:27:16,354 --> 00:27:18,154 So in that situation, what happens? 450 00:27:19,034 --> 00:27:22,354 You have the BIP-110 chain will be very slow to make blocks, 451 00:27:22,694 --> 00:27:24,074 but it will be making blocks. 452 00:27:24,554 --> 00:27:26,494 The regular chain will be going. 453 00:27:26,574 --> 00:27:27,374 You'll have a chain split. 454 00:27:27,374 --> 00:27:28,734 You'll effectively have two chains. 455 00:27:29,494 --> 00:27:34,794 You can't have any kind of market dynamics that trade against them because there'll be no replay protection or anything. 456 00:27:35,174 --> 00:27:37,154 So you're kind of just stuck. 457 00:27:37,454 --> 00:27:40,374 Replay protection is a very big, important detail here. 458 00:27:41,094 --> 00:27:42,594 You're stuck in this hell. 459 00:27:42,874 --> 00:27:45,234 You're like trapped in the hell with them, right? 460 00:27:45,294 --> 00:27:46,994 So they're making small blocks. 461 00:27:48,034 --> 00:27:51,474 Now, they're making blocks slower than the main chain, but they're still making blocks. 462 00:27:52,394 --> 00:27:54,214 Now, this is where it comes in. 463 00:27:54,414 --> 00:27:56,694 This is where the speculation comes into play. 464 00:27:57,134 --> 00:28:02,334 At that point, any reasonable person that cared about Bitcoin would just say, OK, there wasn't consensus. 465 00:28:02,574 --> 00:28:05,974 Maybe we'll try again later. Let's move on. Bitcoin's bigger than us. 466 00:28:06,234 --> 00:28:10,214 It's important. You know, it's important that we have this neutral money. 467 00:28:10,734 --> 00:28:13,794 And, you know, we didn't get our way this time and it's fine. And they would just move on. 468 00:28:13,794 --> 00:28:17,474 Now, these people are incredibly ideologically motivated. 469 00:28:19,034 --> 00:28:21,774 Their leaders want control and they will not back down. 470 00:28:21,774 --> 00:28:32,614 So what they will do in that situation is probably similar to what Roger Rear did during the 2017 round, which is they'll spam the hell out of Op return on the main chain. 471 00:28:33,714 --> 00:28:36,494 And it might include some really despicable shit. 472 00:28:38,154 --> 00:28:40,114 Then, once again, speculation. 473 00:28:40,114 --> 00:28:49,774 then they will threaten miners and tell the miners if you don't if you don't do our chain 474 00:28:49,774 --> 00:28:54,614 then you are committing crimes or doing this they're just going to go after all the miners 475 00:28:54,614 --> 00:29:01,114 and if at any point they get more hash rate significantly more hash rate on the bip 110 476 00:29:01,114 --> 00:29:07,714 chain it will wipe out the original chain it'll just completely wipe out all those transactions 477 00:29:07,714 --> 00:29:09,814 will be reversed. If you deposit 478 00:29:09,814 --> 00:29:11,954 an exchange, reversed. If you made 479 00:29:11,954 --> 00:29:13,794 a transaction, you 480 00:29:13,794 --> 00:29:15,654 went and bought coffee or something, reversed. 481 00:29:15,774 --> 00:29:17,874 All those transactions will be reversed. Anyone running 482 00:29:17,874 --> 00:29:20,074 Lightning nodes will be at risk 483 00:29:20,074 --> 00:29:21,474 of fund loss. 484 00:29:22,254 --> 00:29:24,074 There could be significant damage 485 00:29:24,074 --> 00:29:25,734 to the chain at that point. And they 486 00:29:25,734 --> 00:29:27,934 understand game theory enough to be 487 00:29:27,934 --> 00:29:28,654 very damaging 488 00:29:28,654 --> 00:29:31,794 because they believe that if they 489 00:29:31,794 --> 00:29:33,554 can get 10% of the hash, 490 00:29:34,014 --> 00:29:35,594 15% of the hash to move to 491 00:29:35,594 --> 00:29:43,014 BIP 110, then other miners will start freaking out because it also reorgs their mining rewards. 492 00:29:43,914 --> 00:29:49,814 So if they can get any kind of momentum through their legal avenues and their threatening avenues 493 00:29:49,814 --> 00:29:54,934 and all this other shit, they believe they can then get enough momentum to eventually reorg the 494 00:29:54,934 --> 00:29:59,514 main chain. That is the goal. That is the goal here. It is incredibly reckless. Once again, 495 00:29:59,514 --> 00:30:05,474 it does not stop spam. And it's incredibly hypocritical because these people say, 496 00:30:05,594 --> 00:30:08,194 oh, you shouldn't have a small group changing Bitcoin, 497 00:30:08,694 --> 00:30:11,414 and they are trying to push through a hostile fork of Bitcoin. 498 00:30:11,794 --> 00:30:13,414 That significantly changes it. 499 00:30:13,914 --> 00:30:15,714 So that's where we are right now. 500 00:30:16,054 --> 00:30:17,434 Activation is set for September. 501 00:30:17,974 --> 00:30:18,994 It will fail. 502 00:30:21,654 --> 00:30:22,834 I am disappointed. 503 00:30:24,594 --> 00:30:27,174 It's probably, I guess, it is what it is. 504 00:30:27,894 --> 00:30:29,034 It is what it is. 505 00:30:29,774 --> 00:30:31,574 I guess we'll be talking about this, 506 00:30:31,674 --> 00:30:33,294 but it's reckless on other levels too, 507 00:30:33,374 --> 00:30:34,354 because if you look at this, 508 00:30:34,354 --> 00:30:38,414 wicked was pointing this out apparently there's a telegram group or something 509 00:30:38,414 --> 00:30:45,154 and people are becoming aware about just like the activation method so before the unconditional 510 00:30:45,154 --> 00:30:55,894 activation at block 965,664 there's a mandatory signaling window between blocks 961,632,963,647 511 00:30:55,894 --> 00:31:02,914 so like two weeks before activation during this window BIP10 nodes reject any block that doesn't 512 00:31:02,914 --> 00:31:05,054 signal BIF4 in its 513 00:31:05,054 --> 00:31:06,994 version field. You're just like 514 00:31:06,994 --> 00:31:09,014 immediately just rejecting 515 00:31:09,014 --> 00:31:10,894 anybody that doesn't signal 516 00:31:10,894 --> 00:31:11,694 I want this. 517 00:31:13,854 --> 00:31:15,154 No, it's 518 00:31:15,154 --> 00:31:16,994 an attack on Bitcoin. It is 519 00:31:16,994 --> 00:31:18,314 very clearly an attack on Bitcoin. 520 00:31:20,134 --> 00:31:20,494 And me, 521 00:31:20,914 --> 00:31:22,954 us voicing this opinion loudly is not 522 00:31:22,954 --> 00:31:24,414 good for our quote-unquote careers. 523 00:31:24,754 --> 00:31:26,754 It is not good for the popularity contest 524 00:31:26,754 --> 00:31:28,994 on the internet. But none of that 525 00:31:28,994 --> 00:31:30,914 fucking matters. What matters is Bitcoin. 526 00:31:30,914 --> 00:31:33,674 We don't care about the popularity contest, believe it or not. 527 00:31:34,334 --> 00:31:40,794 I think the best part is these fucking Karens trying to get me fired 528 00:31:40,794 --> 00:31:45,114 when I am a partner at 1031, can't fire me, bitch. 529 00:31:45,514 --> 00:31:46,174 How can you get fired? 530 00:31:46,174 --> 00:31:47,634 And I'm the co-founder OpenSats. 531 00:31:47,794 --> 00:31:49,694 I'm a fucking volunteer at OpenSats. 532 00:31:50,334 --> 00:31:52,174 So this is what it looks like. 533 00:31:52,954 --> 00:31:54,994 You guys can have fun attacking Bitcoin. 534 00:31:56,134 --> 00:31:59,554 I expect apologies when you realize you're in the wrong. 535 00:31:59,554 --> 00:32:02,894 I don't think you will actually apologize, but you should. 536 00:32:04,134 --> 00:32:05,594 And you can go fuck yourself. 537 00:32:06,174 --> 00:32:07,034 You can go fuck yourself. 538 00:32:07,134 --> 00:32:07,774 I'm sick of it. 539 00:32:08,194 --> 00:32:10,774 And I was hoping there'd be a happy path. 540 00:32:10,894 --> 00:32:12,254 There is not going to be a happy path. 541 00:32:14,414 --> 00:32:15,434 And that's where we are. 542 00:32:16,354 --> 00:32:17,234 Yeah, I'm trying to find it. 543 00:32:17,234 --> 00:32:25,954 There was also some consensus bug in the implementation they put out. 544 00:32:25,954 --> 00:32:29,974 Yeah, that a core dev reported the bug to them. 545 00:32:30,634 --> 00:32:30,854 Yeah. 546 00:32:32,414 --> 00:32:34,234 Yeah, well, that's why I think it's reckless. 547 00:32:36,794 --> 00:32:38,134 In another aspect, too, 548 00:32:38,214 --> 00:32:41,014 this code base is not going to be audited thoroughly. 549 00:32:41,474 --> 00:32:45,314 Yes, Luke obviously has his hands in it, 550 00:32:45,354 --> 00:32:46,954 but he's not infallible. 551 00:32:47,674 --> 00:32:51,334 And luckily, there are core devs trying to audit it 552 00:32:51,334 --> 00:32:52,574 in case it does go through and saying, 553 00:32:52,574 --> 00:32:54,894 hey, you do this, you're going to completely fork 554 00:32:54,894 --> 00:32:56,134 this aspect of Bitcoin. 555 00:32:57,814 --> 00:32:59,694 But yeah, I think it's reckless on many levels. 556 00:32:59,954 --> 00:33:00,614 And I don't... 557 00:33:00,614 --> 00:33:01,274 Let me be clear. 558 00:33:01,714 --> 00:33:04,094 Bitcoin that is controlled 559 00:33:04,094 --> 00:33:06,174 by a small group of Bitcoin core devs 560 00:33:06,174 --> 00:33:08,074 or controlled by a small group 561 00:33:08,074 --> 00:33:10,174 of Bitcoin nots devs is worthless. 562 00:33:10,954 --> 00:33:11,794 It's worthless. 563 00:33:12,434 --> 00:33:13,914 The whole value prop of Bitcoin 564 00:33:13,914 --> 00:33:15,214 is that it's not controlled by anyone. 565 00:33:15,894 --> 00:33:18,414 So whether you're Sailor or BlackRock 566 00:33:18,414 --> 00:33:19,774 or nots or core, 567 00:33:20,074 --> 00:33:21,154 you can go fuck yourself. 568 00:33:21,734 --> 00:33:23,094 You're not changing Bitcoin. 569 00:33:23,094 --> 00:33:27,114 Bitcoin is the best money if we can keep it that way. 570 00:33:27,494 --> 00:33:30,514 And fortunately, it is very resistant to change by default. 571 00:33:31,334 --> 00:33:31,534 Yes. 572 00:33:33,094 --> 00:33:33,514 Yeah, yeah. 573 00:33:33,614 --> 00:33:35,354 The hypocrisy here. 574 00:33:35,614 --> 00:33:37,094 It's like... 575 00:33:37,854 --> 00:33:39,074 I mean, I love... 576 00:33:39,074 --> 00:33:46,214 I don't want you changing Bitcoin, so you need to do this and change Bitcoin or bad things are going to happen. 577 00:33:46,334 --> 00:33:46,674 It's like, what? 578 00:33:47,614 --> 00:33:50,934 I can go down a fucking huge list of hypocrisies. 579 00:33:50,934 --> 00:33:54,934 One of the best ones is Jack Dorsey funded OpenSats. 580 00:33:55,174 --> 00:33:56,594 So I'm captured by Jack Dorsey. 581 00:33:57,434 --> 00:34:01,694 Jack Dorsey also funded Ocean, Ocean Mining. 582 00:34:01,994 --> 00:34:11,054 The big difference between his funding of Ocean and the funding of OpenSats is Luke and Mechanic are taking a massive fucking salary from his money. 583 00:34:11,974 --> 00:34:13,554 And guess what? I took fucking nothing. 584 00:34:14,914 --> 00:34:16,734 So stop being a fucking hypocrite. 585 00:34:20,934 --> 00:34:26,434 I guess from now on it's going to be a recurring theme. 586 00:34:27,234 --> 00:34:28,194 We're in the trenches now. 587 00:34:29,674 --> 00:34:31,474 We discussed this before we went live. 588 00:34:31,634 --> 00:34:36,654 I've been a big like, maybe I misread the situation. 589 00:34:37,314 --> 00:34:39,954 I've been like, not that it's a nothing burger, 590 00:34:39,954 --> 00:34:47,174 but it seems so sophomoric and poorly and sloppily run. 591 00:34:47,334 --> 00:34:49,654 I was like, there's no way that this is an actual threat. 592 00:34:49,654 --> 00:34:54,394 you seem describing how they've set it up. 593 00:34:54,434 --> 00:34:55,874 It is very creative. 594 00:34:56,774 --> 00:34:58,794 So be aware of freaks. 595 00:34:59,114 --> 00:35:01,774 I see a comment in the live chat. 596 00:35:01,874 --> 00:35:03,314 What's my view on arbitrary data? 597 00:35:03,394 --> 00:35:05,854 My view on arbitrary data is that it can go fuck itself. 598 00:35:05,854 --> 00:35:09,074 We shouldn't have non-monetary transactions in chain, 599 00:35:09,194 --> 00:35:13,494 but it's unavoidable and BIP 110 doesn't fucking fix it. 600 00:35:13,494 --> 00:35:17,754 and me and Marty have spent years 601 00:35:17,754 --> 00:35:21,374 years publicly in this space working and not shitcoining 602 00:35:21,374 --> 00:35:25,654 we've never taken the easy route of shitcoining or scamming people 603 00:35:25,654 --> 00:35:28,674 and so 604 00:35:28,674 --> 00:35:33,174 so this idea that all of a sudden 605 00:35:33,174 --> 00:35:37,294 we are shitcoiners because we accept the fact that Bib110 606 00:35:37,294 --> 00:35:40,474 does not stop spam is bullshit 607 00:35:40,474 --> 00:35:47,914 yeah logan pull it up reardon code code was like calling this out earlier and so 608 00:35:47,914 --> 00:35:54,174 having a conversation with this guy jim if you try to restrict whether people put in the box 609 00:35:54,174 --> 00:35:59,094 bitcoin transactions you're playing at censorship i don't look inside other people's transactions 610 00:35:59,094 --> 00:36:03,874 and jim respond it's just limiting data size to optimize bitcoin no filtering based on 611 00:36:03,874 --> 00:36:09,054 interpretation of data but whatever you want in that optimized transaction and spend bitcoin 612 00:36:09,054 --> 00:36:09,874 however you like. 613 00:36:10,374 --> 00:36:12,414 And Muren Code points out, 614 00:36:12,654 --> 00:36:13,834 it doesn't seem like you've actually read 615 00:36:13,834 --> 00:36:14,754 or understood the BIP. 616 00:36:14,834 --> 00:36:17,054 It does not limit data size in transactions, 617 00:36:17,714 --> 00:36:19,834 only limits how that data is formatted. 618 00:36:19,834 --> 00:36:23,174 In this, it polices the content 619 00:36:23,174 --> 00:36:24,414 of other people's transactions. 620 00:36:25,274 --> 00:36:28,674 So it actually does let arbitrary data 621 00:36:28,674 --> 00:36:29,934 into the chain. 622 00:36:30,094 --> 00:36:31,934 It's just they have a preference 623 00:36:31,934 --> 00:36:35,294 on what data actually gets in and what doesn't. 624 00:36:37,494 --> 00:36:38,474 It's just bullshit. 625 00:36:39,054 --> 00:36:40,934 It was never about spam. 626 00:36:41,334 --> 00:36:42,214 It's not about spam. 627 00:36:43,954 --> 00:36:45,174 Spam fucking sucks. 628 00:36:45,834 --> 00:36:48,354 The native Bitcoin spam filter is fees. 629 00:36:48,834 --> 00:36:51,634 And unfortunately, all the people that are trying to cancel us 630 00:36:51,634 --> 00:36:53,454 and are allowed about Bitcoin being money, 631 00:36:53,714 --> 00:36:54,774 don't use Bitcoin as money. 632 00:36:55,134 --> 00:36:56,894 So fees have not been that high. 633 00:36:57,614 --> 00:36:59,494 So that's where we currently are at. 634 00:37:00,614 --> 00:37:04,994 But unless you want a centralized fucking group of people 635 00:37:04,994 --> 00:37:07,674 choosing what transactions go into Bitcoin 636 00:37:07,674 --> 00:37:08,994 and what transactions don't, 637 00:37:09,054 --> 00:37:14,694 The only alternative is that fees dictate the cost of these things. 638 00:37:15,734 --> 00:37:15,874 Yeah. 639 00:37:16,914 --> 00:37:18,874 I mean, do you know how Gmail handles spam? 640 00:37:19,254 --> 00:37:25,234 They just fucking have a group of woke people deciding what is fucking spam and what is not in your email filter. 641 00:37:25,874 --> 00:37:27,054 That's how they handle it. 642 00:37:29,274 --> 00:37:31,454 So you're saying Bit.1.10 is akin to that? 643 00:37:32,354 --> 00:37:32,614 Yeah. 644 00:37:33,814 --> 00:37:36,474 They want to make Bitcoin Gmail. 645 00:37:36,474 --> 00:37:40,854 out. But instead of Google controlling it, they want ocean mining to control it. 646 00:37:43,014 --> 00:37:46,734 Here we are. Be aware, freaks. We've got other stuff to talk about this week. I'm sure this 647 00:37:46,734 --> 00:37:53,414 won't be the last time we talk about BIP 110. On to things you should be aware of as well. We were 648 00:37:53,414 --> 00:38:00,134 talking about our clankers earlier. Big fans of OpenClaw, but you should be aware of some of the 649 00:38:00,134 --> 00:38:03,114 LLM providers that you're interacting with. 650 00:38:04,194 --> 00:38:04,834 I'm not going to... 651 00:38:04,834 --> 00:38:07,654 You can open this, Logan, but it comes with music. 652 00:38:07,814 --> 00:38:09,434 It actually is a pretty sweet website. 653 00:38:10,474 --> 00:38:11,274 This is like the coolest website. 654 00:38:11,634 --> 00:38:12,614 It's like both... 655 00:38:12,614 --> 00:38:14,574 It's also both really cool formatting, 656 00:38:14,774 --> 00:38:17,094 and I just wish it was just like a plain text markdown file. 657 00:38:17,614 --> 00:38:18,054 Right. 658 00:38:18,854 --> 00:38:20,494 Like I go back and forth on it. 659 00:38:21,274 --> 00:38:21,434 Yeah. 660 00:38:22,374 --> 00:38:26,354 But essentially, there's a group of what we describe as white hackers. 661 00:38:26,354 --> 00:38:34,114 they were they're not happy with discords basically push to kyc their users with 662 00:38:34,114 --> 00:38:42,254 with sort of legal document and biometric verification so they were doing some sleuthing 663 00:38:42,254 --> 00:38:47,474 to figure out what's going on there while they were doing that sleuthing they figured out that 664 00:38:47,474 --> 00:38:56,154 open ai the u.s government and persona which is the kyc aml sort of surveillance company that's 665 00:38:56,154 --> 00:39:02,194 doing all the ID verification have basically created this massive digital panopticon where 666 00:39:02,194 --> 00:39:10,774 you KYC or Persona, your accounts are tied to your personal identity. And then the companies 667 00:39:10,774 --> 00:39:15,754 that are using Persona for this verification are then sending the information right back to the US 668 00:39:15,754 --> 00:39:21,494 government. And so they found that OpenAI specifically was doing this, but you can just 669 00:39:21,494 --> 00:39:29,294 assume that any company that's using persona for this kyc aml verification um is doing something 670 00:39:29,294 --> 00:39:36,294 similar wasn't there a list of companies that use persona that was released too yeah let me find 671 00:39:36,294 --> 00:39:42,294 that yeah you want to read the list and to be clear like these big tech companies the ai comes 672 00:39:42,294 --> 00:39:46,794 they're all doing like such dirty shit behind the scenes i mean what it came out that anthropic 673 00:39:46,794 --> 00:39:48,934 was like they were, 674 00:39:49,274 --> 00:39:53,754 Claude was being used for the Venezuela attack 675 00:39:53,754 --> 00:39:55,494 to secure Maduro. 676 00:39:55,954 --> 00:39:58,234 There's a lot of dirty shit happening behind the scenes. 677 00:39:58,814 --> 00:40:00,354 This should not be surprising to people. 678 00:40:00,474 --> 00:40:02,014 I bet you it's a lot worse than this. 679 00:40:03,414 --> 00:40:06,294 And this is why open source AI tools are so important. 680 00:40:06,414 --> 00:40:08,514 This is why local LMs are so important. 681 00:40:08,654 --> 00:40:10,054 Being able to self-host this stuff, 682 00:40:10,514 --> 00:40:12,514 being able to have many different providers 683 00:40:12,514 --> 00:40:13,994 offering it is key. 684 00:40:13,994 --> 00:40:19,414 and by the way I'm getting some reports that my mic quality is bad I'm sorry guys I'm traveling 685 00:40:19,414 --> 00:40:21,394 it is what it is the show must go on 686 00:40:21,394 --> 00:40:29,494 so here's a list of personas customers open ai discord linkedin doordash etsy brex 687 00:40:29,494 --> 00:40:41,114 corsera carasoft swan bitcoin mercury wealth simple branch we travel gray grailed ease stifle 688 00:40:41,114 --> 00:40:43,274 Financial Corp, First Republic, Fire 689 00:40:43,274 --> 00:40:44,954 and Flower Holdings, 690 00:40:46,654 --> 00:40:46,974 Serbia 691 00:40:46,974 --> 00:40:49,354 Global. So a bunch of companies 692 00:40:49,354 --> 00:40:50,314 there on that list. 693 00:40:50,614 --> 00:40:51,994 Many of which I use. 694 00:40:52,994 --> 00:40:54,074 Many of which I use. 695 00:40:55,414 --> 00:40:57,174 Yeah, and when you notice, when you 696 00:40:57,174 --> 00:40:59,194 sign up for these services, like if you try and 697 00:40:59,194 --> 00:41:00,734 get an Anthropic subscription, 698 00:41:01,414 --> 00:41:03,174 they require phone numbers and they 699 00:41:03,174 --> 00:41:05,074 block known 700 00:41:05,074 --> 00:41:07,114 burner numbers. They want to connect your identity to 701 00:41:07,114 --> 00:41:18,108 this shit And when they tell you they going to delete your data They lying to you They not deleting any shit Well they actually may delete it only after they send it to the government 702 00:41:18,648 --> 00:41:19,568 Yeah, exactly. 703 00:41:21,328 --> 00:41:23,368 Assume they're not going to delete any of this shit. 704 00:41:24,568 --> 00:41:27,748 If you hit a CCP model, the CCP is not going to delete it. 705 00:41:27,828 --> 00:41:31,148 If you hit a big tech model, the big tech and NSA are not going to delete it. 706 00:41:32,488 --> 00:41:33,788 They want your information. 707 00:41:34,608 --> 00:41:37,248 Data is what they're monetizing on. 708 00:41:37,708 --> 00:41:43,108 And this is the clear path that they're taking, 709 00:41:44,008 --> 00:41:47,688 which is, once again, why the open source tools are so important here, 710 00:41:47,688 --> 00:41:55,008 because otherwise we end up in a situation where slave tech is just way, way, way more effective than freedom tech. 711 00:41:56,028 --> 00:41:58,188 Save us Maple AI, you're our only hope. 712 00:41:59,388 --> 00:42:02,108 Yeah, I mean, I love what the Maple does. 713 00:42:02,668 --> 00:42:03,528 That is the alternative. 714 00:42:03,808 --> 00:42:07,608 Like you need these LLMs running in secure enclaves, open source models. 715 00:42:07,708 --> 00:42:09,428 not pinging back to the server. 716 00:42:10,288 --> 00:42:11,868 No KYC to sign up. 717 00:42:13,088 --> 00:42:14,268 Yeah, it's a balancing act. 718 00:42:14,328 --> 00:42:15,608 We need all the tools, right? 719 00:42:15,728 --> 00:42:17,988 I think we need it to be easier to self-host. 720 00:42:18,148 --> 00:42:21,028 We also need, when you're not able to self-host, 721 00:42:21,868 --> 00:42:23,408 you should be able to hit these things 722 00:42:23,408 --> 00:42:24,908 in a relatively secure and private way. 723 00:42:24,988 --> 00:42:26,648 That's why I think Maple's doing a really good job 724 00:42:26,648 --> 00:42:27,268 on that front. 725 00:42:28,568 --> 00:42:29,588 You need all these things. 726 00:42:29,668 --> 00:42:32,908 And just a reminder on how this is not speculation. 727 00:42:33,168 --> 00:42:37,508 Sam Altman of OpenAI fame is also behind WorldCoin. 728 00:42:37,708 --> 00:42:40,508 I'm just gaining everyone's fucking eyeballs with their orb for their shitcoin. 729 00:42:41,468 --> 00:42:44,848 And it's all the same funders, you know, A16Z, all these guys. 730 00:42:45,468 --> 00:42:50,528 It's one big group chat that we're not a part of, and they want to enslave you. 731 00:42:51,368 --> 00:42:51,528 Yeah. 732 00:42:53,028 --> 00:42:55,688 Well, that's the other thing, too, with the Epstein stuff. 733 00:42:56,428 --> 00:43:02,748 Be prepared for a Hegelian dialectic framing problem reaction solution. 734 00:43:04,688 --> 00:43:06,108 Epstein files are out. 735 00:43:06,328 --> 00:43:07,088 Everybody's corrupt. 736 00:43:07,088 --> 00:43:11,948 we need to fix this and the way we're going to do that is to make sure everything is verified and 737 00:43:11,948 --> 00:43:17,848 we have the ai tools to to make sure none of this corruption exists so everybody funnel into this 738 00:43:17,848 --> 00:43:27,008 e-verify system um and we'll prevent these crimes moving forward and end up full-blown minority 739 00:43:27,008 --> 00:43:34,848 report and by the way i'm like trying to educate myself more on this ai stuff because i've come to 740 00:43:34,848 --> 00:43:40,428 the conclusion that, by the way, Marty was definitely right on this front hand up, that 741 00:43:40,428 --> 00:43:43,408 it's incredibly important and that we need to make sure we win this war. 742 00:43:44,308 --> 00:43:48,408 So I've been listening to more podcasts and like listening to the leaders in the space 743 00:43:48,408 --> 00:43:49,608 on like what they are thinking. 744 00:43:49,788 --> 00:43:56,968 And I listened to that Dario, the co-founder of Anthropic on Darkash podcast. 745 00:43:57,368 --> 00:43:57,988 Yeah, it was a good one. 746 00:43:58,688 --> 00:44:01,288 And I got into a fight with someone in our AI group. 747 00:44:01,288 --> 00:44:02,888 we have an AI signal group 748 00:44:02,888 --> 00:44:05,708 where some people are getting one-shotted 749 00:44:05,708 --> 00:44:07,668 and other people are trying to learn things. 750 00:44:07,808 --> 00:44:09,868 One-shotting is going on. 751 00:44:09,928 --> 00:44:11,208 You guys got to be careful with these things. 752 00:44:11,428 --> 00:44:13,848 Don't get emotionally attached to them. 753 00:44:15,168 --> 00:44:17,248 You should go listen to the Darya. 754 00:44:17,388 --> 00:44:20,468 If you haven't, go listen to the Dark Cash podcast. 755 00:44:20,748 --> 00:44:21,008 I don't know. 756 00:44:21,308 --> 00:44:25,348 This guy supposedly has some of the best AI conversations. 757 00:44:25,348 --> 00:44:25,768 He's blown up for the last few years 758 00:44:25,768 --> 00:44:28,068 because we've done the tip of the spear 759 00:44:28,068 --> 00:44:31,048 of having all these AI innovators on. 760 00:44:31,288 --> 00:44:32,608 I'm being early to the theme. 761 00:44:33,308 --> 00:44:36,948 But like Dario literally says in it, 762 00:44:36,968 --> 00:44:39,368 he's like, this tech will be great for the Gates Foundation. 763 00:44:39,988 --> 00:44:40,828 Okay, bro. 764 00:44:41,068 --> 00:44:41,888 That's not your friend. 765 00:44:42,308 --> 00:44:43,408 That guy's also an enemy. 766 00:44:44,368 --> 00:44:44,508 Yeah. 767 00:44:44,868 --> 00:44:46,728 Don't let them play you with like the, 768 00:44:47,088 --> 00:44:49,868 oh, Sam Altman is obviously pure evil and demonic. 769 00:44:50,268 --> 00:44:51,828 So Anthropic is the good guys. 770 00:44:52,088 --> 00:44:53,308 No, they're not. 771 00:44:53,528 --> 00:44:54,368 Google isn't either. 772 00:44:54,748 --> 00:44:55,628 Grog isn't either. 773 00:44:56,388 --> 00:44:58,268 You can't trust any of these motherfuckers. 774 00:44:58,688 --> 00:45:00,588 Winsome Hacks is a good point here in the YouTube. 775 00:45:01,288 --> 00:45:07,288 comment, don't use Anthropic. Remember FTX, the effective altruism cult, the same sort of people 776 00:45:07,288 --> 00:45:12,308 are behind Anthropic and Claude. Lots of publicity, not impressed. In my opinion, they will end up 777 00:45:12,308 --> 00:45:18,228 causing a crash. Yeah, the effective altruism people are all up in Anthropic and hand up. I do 778 00:45:18,228 --> 00:45:25,968 use Claude. It is very valuable, but these frontier open source models are beginning to 779 00:45:25,968 --> 00:45:29,168 compete. And again, we like in the freedom tech 780 00:45:29,168 --> 00:45:33,888 space as it pertains to AI, we just need to begin. I think the 781 00:45:33,888 --> 00:45:38,108 models are there. The sort of connecting tools are there. We just need to 782 00:45:38,108 --> 00:45:41,148 package it in a way where it's feature 783 00:45:41,148 --> 00:45:45,928 has feature parity with these closed sourced 784 00:45:45,928 --> 00:45:48,268 models run by these hyperscalers. 785 00:45:49,448 --> 00:45:53,728 I think we can compete. Yeah, I just want to be clear here. 786 00:45:53,728 --> 00:45:58,648 like a lot of the best open source models right now are coming out of the 787 00:45:58,648 --> 00:46:01,648 CCP. And I have something in the notes. 788 00:46:03,108 --> 00:46:06,708 The using their hosted options does not solve this problem. 789 00:46:07,188 --> 00:46:09,328 You know, Kimmy themselves came out with a really cheap, 790 00:46:09,448 --> 00:46:13,048 really easy to use open claw competitive competitor where you can just use it 791 00:46:13,048 --> 00:46:16,448 in the browser. Super easy to use. Everything you do is going to the CCP. 792 00:46:16,808 --> 00:46:19,788 The cool part about what they're doing is it is also open source. 793 00:46:19,788 --> 00:46:21,528 So people like Maple can run it. 794 00:46:21,528 --> 00:46:23,608 You can self-host it yourself on your own hardware. 795 00:46:24,048 --> 00:46:25,268 You have that option to you. 796 00:46:25,628 --> 00:46:29,968 But just hitting their hosted stuff is you're just picking a different enemy. 797 00:46:30,368 --> 00:46:32,808 It's just you have someone else that's enslaving you instead. 798 00:46:33,868 --> 00:46:33,888 Yeah. 799 00:46:34,448 --> 00:46:34,868 Beware. 800 00:46:35,128 --> 00:46:35,388 Beware. 801 00:46:35,908 --> 00:46:42,588 Before we get too far into the show without reading before they stack up, we got some zaps in the live stream. 802 00:46:42,668 --> 00:46:44,768 Lake Surfer, 21,000 sats. 803 00:46:44,868 --> 00:46:46,888 The pedo politicians are not going to save you, freaks. 804 00:46:46,968 --> 00:46:48,048 Stay humble and stack sats. 805 00:46:48,508 --> 00:46:48,928 Cosign. 806 00:46:49,488 --> 00:46:51,508 Sean, 21,000 sat zap. 807 00:46:51,628 --> 00:46:52,188 No message. 808 00:46:52,268 --> 00:46:52,868 Thank you, Sean. 809 00:46:53,528 --> 00:46:56,768 Soap miner, 42,424 sats. 810 00:46:57,088 --> 00:46:57,888 Palindrome zap. 811 00:46:58,048 --> 00:47:03,228 First, code RHR has been used 21 times so far this month in February. 812 00:47:03,588 --> 00:47:04,408 Those are rookie numbers. 813 00:47:04,528 --> 00:47:05,388 Got to pump those up. 814 00:47:05,548 --> 00:47:07,928 Second, Florida Justin won the contest. 815 00:47:08,048 --> 00:47:08,968 Appreciate you, freaks. 816 00:47:08,968 --> 00:47:10,028 I mean, 21 times. 817 00:47:10,968 --> 00:47:14,948 I mean, you're averaging a little over one order per day with the RHR code. 818 00:47:14,948 --> 00:47:16,888 I think that's pretty good for a humble 819 00:47:16,888 --> 00:47:19,548 Talos soap company there, Soap Miner. 820 00:47:21,988 --> 00:47:24,048 I just got a new care package from Soap Miner. 821 00:47:24,688 --> 00:47:25,968 Awesome. Thank you, sir. 822 00:47:26,848 --> 00:47:30,328 Mav 21, 21,000 sats, zap. 823 00:47:30,848 --> 00:47:32,568 You've got a Mav 21 story in the list. 824 00:47:32,988 --> 00:47:35,368 I mean, it seems like we should mention it now. 825 00:47:35,968 --> 00:47:39,068 The list is like all these very interesting stories. 826 00:47:39,228 --> 00:47:41,208 And then the last thing is just a bullet point 827 00:47:41,208 --> 00:47:42,228 that just says Mav 21. 828 00:47:42,368 --> 00:47:44,688 And Marty's like, why is Mav 21 listed there? 829 00:47:44,688 --> 00:47:57,088 Well, besides the fact that he's a ride or die freak, apparently his sister's a teacher and she brought one of the Aronet air filter, air CO2 monitors into class. 830 00:47:57,728 --> 00:48:00,528 And it was really bad. The CO2 was spiking like crazy. 831 00:48:00,808 --> 00:48:05,908 You know, all our kids were mentally deficient because they were lacking, they were lacking fresh air. 832 00:48:06,328 --> 00:48:08,128 And she opened a window to make it better. 833 00:48:08,588 --> 00:48:12,468 But it turns out the entire school now is talking about CO2 levels. 834 00:48:12,468 --> 00:48:14,368 and these are just the little things 835 00:48:14,368 --> 00:48:15,048 that freaks do. 836 00:48:16,508 --> 00:48:18,248 You're helping the youth in 837 00:48:18,248 --> 00:48:20,148 indirect ways and you love to see it. 838 00:48:20,588 --> 00:48:21,768 Starting conversations. 839 00:48:23,928 --> 00:48:24,788 Pumping too much 840 00:48:24,788 --> 00:48:25,808 CO2 into the kids. 841 00:48:26,388 --> 00:48:28,028 I think that's so cool. 842 00:48:28,668 --> 00:48:30,748 He texted me. He's like, bro, the entire 843 00:48:30,748 --> 00:48:32,448 school now is talking about it. 844 00:48:33,068 --> 00:48:33,248 Good. 845 00:48:34,168 --> 00:48:36,528 We should be having more CO2 846 00:48:36,528 --> 00:48:38,048 level conversations just 847 00:48:38,048 --> 00:48:40,468 as a society in general. 848 00:48:40,828 --> 00:48:42,188 Think about the improvement 849 00:48:42,188 --> 00:48:44,108 and the quality of conversations, 850 00:48:44,328 --> 00:48:46,388 the quality of thinking that we can have 851 00:48:46,388 --> 00:48:50,428 if we were just cognizant of how much CO2 exists 852 00:48:50,428 --> 00:48:51,928 in the spaces we're operating in. 853 00:48:53,668 --> 00:48:59,928 One more 21,000 sat zap from our good friend, Salzal. 854 00:49:00,728 --> 00:49:01,628 No message. 855 00:49:01,768 --> 00:49:02,428 Thank you, Salzal. 856 00:49:02,648 --> 00:49:03,788 Thank you guys for zapping. 857 00:49:04,568 --> 00:49:05,488 We've got a big list. 858 00:49:05,588 --> 00:49:06,428 We wanted to keep this tight. 859 00:49:06,588 --> 00:49:08,748 We're only one story. 860 00:49:08,988 --> 00:49:11,108 Now two, if we include MAPS21. 861 00:49:12,188 --> 00:49:19,028 Um, this is pretty big story blew up, hate to say it, but we've been warning about this 862 00:49:19,028 --> 00:49:24,868 when economic conditions get bad and centralized power begins to lose their grip over their 863 00:49:24,868 --> 00:49:25,268 power. 864 00:49:25,488 --> 00:49:32,128 They overextend and try to make it so individuals can't escape their grass and it's happening 865 00:49:32,128 --> 00:49:39,608 to the Dutch where lawmakers have approved a 36% tax on unrealized crypto stock and bond 866 00:49:39,608 --> 00:49:48,488 gains um which is completely nonsensical so in the netherlands it seems like they're passing this 867 00:49:48,488 --> 00:49:54,748 law i think it goes live in 2028 and between now and then they're going to try to prevent people 868 00:49:54,748 --> 00:50:00,268 from leaving too and hit them with like a retroactive unrealized cap gain stocks even if 869 00:50:00,268 --> 00:50:04,788 they get out of the country that's what i was going to say like it's kind of first of all it's 870 00:50:04,788 --> 00:50:08,908 ridiculous that you're trying to steal people's money and it's horrible for your economy but if 871 00:50:08,908 --> 00:50:12,768 are going to steal people's money why are you giving them multiple years notice that seems even 872 00:50:12,768 --> 00:50:17,468 even dumber like you got to lock them in the you got to lock them in the prison and then steal all 873 00:50:17,468 --> 00:50:22,248 their wealth yeah i think they have like a workaround with some like retroactive callback 874 00:50:22,248 --> 00:50:25,848 that they're going to try and institute but this is insane i mean we've talked about unrealized 875 00:50:25,848 --> 00:50:31,828 cap gain stacks i think biden administration or aoc or somebody here in the united states floated it 876 00:50:31,828 --> 00:50:37,508 and we discussed with them and it's completely economically nonsensical it doesn't make any 877 00:50:37,508 --> 00:50:43,808 sense. It's saving stuff. And it creates a vicious feedback loop where people have to sell 878 00:50:43,808 --> 00:50:48,708 illiquid stuff that makes the price go down even further. And then they have to sell more and sell 879 00:50:48,708 --> 00:50:56,568 more and it kills the economy. And to be clear, the original evil was accepting realized cap gains 880 00:50:56,568 --> 00:51:03,128 tax, which is also savings tax. But at least at that point, you have liquidity. But still, 881 00:51:03,128 --> 00:51:06,728 it's also savings tax, which is the most predatory thing ever. 882 00:51:06,888 --> 00:51:09,068 You inflate the currency and then you tax savings, 883 00:51:09,548 --> 00:51:11,968 which is wild that that's just accepted. 884 00:51:12,708 --> 00:51:15,068 And the PSYOP term is calling cap gains tax 885 00:51:15,068 --> 00:51:17,968 instead of calling it savings theft or savings tax. 886 00:51:18,628 --> 00:51:19,528 I like that. 887 00:51:19,788 --> 00:51:24,908 And by the way, this is just immoral and unethical and fucked up. 888 00:51:25,928 --> 00:51:30,668 But I think it's worth noting that most of the arguments against it 889 00:51:30,668 --> 00:51:32,988 in terms of, oh, it's illiquid. 890 00:51:33,068 --> 00:51:35,848 That's why we should only do realized cap gains tax, 891 00:51:35,988 --> 00:51:36,568 blah, blah, blah. 892 00:51:37,768 --> 00:51:40,008 Bitcoin is actually uniquely suitable 893 00:51:40,008 --> 00:51:42,948 for taxing unrealized cap gains 894 00:51:42,948 --> 00:51:45,768 because it's liquid 24-7, 365 trading. 895 00:51:47,408 --> 00:51:49,388 If all your wealth, 896 00:51:49,468 --> 00:51:50,808 like we're seeing in California right now, 897 00:51:50,828 --> 00:51:53,128 if all your wealth is in startup equity, for instance, 898 00:51:53,968 --> 00:51:55,868 and your startup is valued at a billion dollars, 899 00:51:56,008 --> 00:51:56,928 you're not actually liquid. 900 00:51:57,088 --> 00:51:58,708 You don't actually have a billion dollars. 901 00:51:59,448 --> 00:52:01,128 You don't even have a fraction of it. 902 00:52:01,308 --> 00:52:02,888 And if the people that are buying your equity 903 00:52:02,888 --> 00:52:04,248 because you need to pay the tax 904 00:52:04,248 --> 00:52:06,248 know that you have a gun to your head, 905 00:52:06,428 --> 00:52:08,208 it will also give you a way worse deal. 906 00:52:08,968 --> 00:52:10,288 So Bitcoin doesn't have that problem, 907 00:52:10,588 --> 00:52:13,108 but it still should be resisted like crazy. 908 00:52:13,468 --> 00:52:14,828 And I think we should go a step further. 909 00:52:15,508 --> 00:52:17,628 We should be repealing all Capgain's tax 910 00:52:17,628 --> 00:52:19,588 across the board, not just Bitcoin, everything. 911 00:52:20,228 --> 00:52:22,008 We should not be taxing savings, period. 912 00:52:22,008 --> 00:52:22,668 I want to up to you. 913 00:52:22,808 --> 00:52:23,728 Get rid of the income tax. 914 00:52:23,788 --> 00:52:24,528 Get rid of all of it. 915 00:52:24,968 --> 00:52:25,608 Yeah, I agree. 916 00:52:25,768 --> 00:52:26,268 I'm with you. 917 00:52:26,268 --> 00:52:30,008 I'd be in favor of no taxes 918 00:52:30,008 --> 00:52:31,928 but if it's like alright we need some taxes 919 00:52:31,928 --> 00:52:33,948 the only taxes I'm in favor of are consumption 920 00:52:33,948 --> 00:52:35,348 taxes it's like alright 921 00:52:35,348 --> 00:52:37,148 if you consume something 922 00:52:37,148 --> 00:52:40,568 you want to do that 923 00:52:40,568 --> 00:52:41,188 you think it can 924 00:52:41,188 --> 00:52:44,328 help you build a company 925 00:52:44,328 --> 00:52:45,768 and deliver goods and services 926 00:52:45,768 --> 00:52:48,088 to the economy where you're going to 927 00:52:48,088 --> 00:52:49,188 make money off of that 928 00:52:49,188 --> 00:52:51,708 you want to take the risk and 929 00:52:51,708 --> 00:52:53,468 consume a good 930 00:52:53,468 --> 00:52:55,368 maybe pay a little tax on that 931 00:52:55,368 --> 00:52:57,168 I'm all for getting rid of income. 932 00:52:57,168 --> 00:53:08,468 The problem with that tax, by the way, is it puts the government in the trade flow. 933 00:53:08,788 --> 00:53:20,328 It's like you go to a store to buy something, and the government has to sit there and surveil both the buyer and the seller to make sure that they get their VIG, get their cut, which is incredibly predatory by default. 934 00:53:20,328 --> 00:53:31,028 A lot of the downstream, a lot of the reasons financial privacy is inherently criminalized and fought against is because of enforcement reasons for these surveillance-based taxes. 935 00:53:32,188 --> 00:53:43,888 So I would actually push back and I would say, okay, maybe some taxes on the local level, if you want to like pay for schools or other local resources, it's also a lot harder to corrupt, right? 936 00:53:43,888 --> 00:53:50,308 Because those people will get yelled out of town if they do something totally corrupt. 937 00:53:50,328 --> 00:53:51,968 if you're in a small town specifically, 938 00:53:52,148 --> 00:53:53,388 like you're not in a big city or something. 939 00:53:53,928 --> 00:53:56,628 The larger government gets, the way worse it gets. 940 00:53:57,168 --> 00:54:00,188 And that's why we've been kind of consistent on this. 941 00:54:01,008 --> 00:54:03,228 If all taxes were cut and tariffs were added 942 00:54:03,228 --> 00:54:04,028 on the federal level, 943 00:54:04,088 --> 00:54:06,268 and the federal government only wanted to take tariff taxes, 944 00:54:06,628 --> 00:54:08,628 it would be better than the existing status quo 945 00:54:08,628 --> 00:54:11,788 because that doesn't rely on surveillance of citizens. 946 00:54:12,748 --> 00:54:16,608 That relies on surveillance of import exports 947 00:54:16,608 --> 00:54:18,408 on a transnational level, 948 00:54:18,408 --> 00:54:25,608 which is a completely different threat model than when you're trying to surveil citizens. 949 00:54:25,868 --> 00:54:29,288 But of course, Trump added tariffs and then didn't cut any other taxes. 950 00:54:29,568 --> 00:54:31,528 So it's just a tax increase is what he did. 951 00:54:32,368 --> 00:54:33,548 Well, I hate to break it to you. 952 00:54:34,328 --> 00:54:37,428 The Supreme Court officially shot down Trump's tariffs today. 953 00:54:37,648 --> 00:54:41,528 There is ability to exert them unilaterally. 954 00:54:42,028 --> 00:54:44,548 So that should be fun to deal with. 955 00:54:46,568 --> 00:54:47,328 Wild times. 956 00:54:47,328 --> 00:54:48,668 The unraveling of 957 00:54:48,668 --> 00:54:49,748 tariffs. 958 00:54:51,868 --> 00:54:52,748 Mandibles than Bitcoin 959 00:54:52,748 --> 00:54:54,648 standard. It's only going to get more 960 00:54:54,648 --> 00:54:56,248 wild from here. You got to prepare 961 00:54:56,248 --> 00:54:58,648 and then learn to enjoy it. Otherwise, you can have a 962 00:54:58,648 --> 00:55:00,728 really, really bad time. You're going to have a really, really 963 00:55:00,728 --> 00:55:02,628 bad time. Me and Marty will be here 964 00:55:02,628 --> 00:55:04,548 week in, week out, calling it as we see it. 965 00:55:06,048 --> 00:55:06,448 But 966 00:55:06,448 --> 00:55:08,228 I think it gets much more wild. 967 00:55:09,108 --> 00:55:10,548 The opposite of the peak clown 968 00:55:10,548 --> 00:55:12,088 world call. It gets much more wild 969 00:55:12,088 --> 00:55:14,488 before it gets better. Yeah, it accelerates. 970 00:55:14,768 --> 00:55:16,648 That's going to go down as my worst call of all time. 971 00:55:17,328 --> 00:55:21,208 What else do we got here? 972 00:55:21,468 --> 00:55:21,768 Dutch. 973 00:55:21,988 --> 00:55:25,248 If you're Dutch, all of our Dutch freaks out there, I feel for you. 974 00:55:26,948 --> 00:55:35,928 Hopefully, people in Europe wake up and just start overthrowing your governments because they're completely retarded. 975 00:55:38,928 --> 00:55:41,468 Sorry if that's a bit bombastic. 976 00:55:41,468 --> 00:55:47,168 But we move on to the Human Rights Foundation story that we're coming out of China. 977 00:55:47,328 --> 00:55:50,888 China with a push for yuan as global reserve currency. 978 00:55:51,468 --> 00:55:55,988 China has reiterated its ambition for the yuan to attain global reserve currency status. 979 00:55:56,988 --> 00:56:02,588 Remarks recently published by Guixi, the Chinese Communist Party's flagship journal, used to 980 00:56:02,588 --> 00:56:07,748 convey policy intentions, Xi Jinping called for a powerful currency, widely used in international 981 00:56:07,748 --> 00:56:10,308 trade, investment, and foreign exchange markets. 982 00:56:10,928 --> 00:56:14,948 What's new about these remarks is not their intended ambition, but rather how clearly 983 00:56:14,948 --> 00:56:17,468 these ambitions are stated to the public. 984 00:56:18,228 --> 00:56:23,328 Xi paired this plan with calls for a stronger central bank, globally competitive financial 985 00:56:23,328 --> 00:56:26,708 institutions, and tighter control of systemic financial risks. 986 00:56:27,468 --> 00:56:30,908 For more stories like this and others, make sure you sign up for the Financial Freedom 987 00:56:30,908 --> 00:56:34,288 Report newsletter at financialfreedomreport.org. 988 00:56:35,328 --> 00:56:38,828 And yeah, I mean, building on this too, I'm not sure if you saw it, but Marco Rubio this 989 00:56:38,828 --> 00:56:42,888 week basically went on Fox News and conceded like, hey, we're not going to be the reserve 990 00:56:42,888 --> 00:56:43,948 currency of the world anymore. 991 00:56:43,948 --> 00:56:51,248 I think it's demand for currencies outside the dollar is rising, and it's not likely to fall moving forward. 992 00:56:51,328 --> 00:56:54,468 It's probably only going to increase, so we have to prepare for that accordingly. 993 00:56:55,648 --> 00:57:04,648 And by the way, when the government can't effectively tax us through inflation because they have the reserve currency on their shitcoin, that's when they really start coming for your savings. 994 00:57:08,408 --> 00:57:12,768 Mandibles. Mandibles. I've been reading mandibles on Nasr. There's a nice little bot out there. 995 00:57:12,768 --> 00:57:13,988 It's just chunking it out. 996 00:57:14,508 --> 00:57:16,448 So I have started reading Freaks. 997 00:57:17,008 --> 00:57:17,908 Love to see it. 998 00:57:17,988 --> 00:57:18,708 It's about time. 999 00:57:21,528 --> 00:57:22,868 Yeah, pay-per-queue on here. 1000 00:57:23,448 --> 00:57:24,888 I think they had a pretty big update. 1001 00:57:24,888 --> 00:57:30,988 So this is basically an ability to use LLMs without setting up an account. 1002 00:57:31,248 --> 00:57:35,608 You basically use pay-per-queue to pay per call. 1003 00:57:35,828 --> 00:57:36,468 You can use Bitcoin. 1004 00:57:36,608 --> 00:57:41,908 I think you can use a debit or credit card too to buy credits as well. 1005 00:57:42,768 --> 00:57:45,908 But if you just want to keep it completely private and use Bitcoin or the Lightning Network, 1006 00:57:45,988 --> 00:57:50,248 and they introduced AutoClaw, a model router on PPQ for your OpenClaw. 1007 00:57:50,248 --> 00:58:00,408 So if you want a higher degree of privacy or a layer, I mean, it's like a VPN for LLMs, pay-per-queue is. 1008 00:58:00,508 --> 00:58:05,568 So you have to understand that they sit between you and the LLM that you want to interact with. 1009 00:58:05,668 --> 00:58:08,028 And so technically they can see what you're doing. 1010 00:58:09,308 --> 00:58:11,848 But the LLM doesn't know it's you. 1011 00:58:11,848 --> 00:58:15,728 you don't have an account with them. I mean, look, I think this still like, 1012 00:58:16,028 --> 00:58:19,788 it's just another example of how early we are in all this stuff. And I think people should get 1013 00:58:19,788 --> 00:58:24,488 comfortable. They shouldn't get one-shotted. They shouldn't become dependent on these things yet. 1014 00:58:24,568 --> 00:58:28,828 They shouldn't operate under the assumption that their bot is going to be a lifelong employee of 1015 00:58:28,828 --> 00:58:34,628 theirs or lifelong slave of theirs and will always work forever. You should be just resetting it to 1016 00:58:34,628 --> 00:58:39,028 my getting comfortable and understanding how it works is I think very helpful way of looking at it. 1017 00:58:39,028 --> 00:59:01,208 But for example, like right now, one of the really predatory trade-off balances is if you want to use these things in the cheapest way possible, the best way is to get a subscription from Claude, OpenAI, Google, any of them, Grok, all the CCP models, Kimmy, Minimax, whatever. 1018 00:59:01,568 --> 00:59:03,068 If you get a subscription, it's a lot cheaper. 1019 00:59:03,068 --> 00:59:09,708 But if you don't want to have all of your data connected to your single identity, the way you have to do it is you have to pay per token. 1020 00:59:10,368 --> 00:59:13,628 And that means the more you use these bots, the more money you pay. 1021 00:59:14,108 --> 00:59:20,208 And the best models are the most expensive ones, and you start racking up a massive, massive bill. 1022 00:59:20,928 --> 00:59:29,588 And I think the way long term we solve this is you have worse local models that you're self-hosting or maybe Maples hosting or something, 1023 00:59:29,588 --> 00:59:31,308 that you're hitting those local models 1024 00:59:31,308 --> 00:59:33,968 when you're hitting those local models 1025 00:59:33,968 --> 00:59:35,468 for most of the things you're doing. 1026 00:59:35,928 --> 00:59:37,788 And then when you need the really good models, 1027 00:59:37,888 --> 00:59:39,508 when you need the really good compute, 1028 00:59:39,708 --> 00:59:40,988 you hit the more expensive ones, 1029 00:59:41,088 --> 00:59:43,108 hopefully hosted something through like Maple 1030 00:59:43,108 --> 00:59:45,588 where you're not giving up your privacy to use them. 1031 00:59:46,088 --> 00:59:48,328 And this is basically the first step to that, right? 1032 00:59:48,748 --> 00:59:50,848 Where PPQ is making it very easy 1033 00:59:50,848 --> 00:59:52,068 that if someone's running this bot, 1034 00:59:52,548 --> 00:59:54,208 they will only hit the cheaper models. 1035 00:59:54,748 --> 00:59:56,348 They will only hit the cheaper models 1036 00:59:56,348 --> 00:59:58,788 unless you need to hit a more expensive model 1037 00:59:58,788 --> 01:00:01,168 for your particular use case at that one time. 1038 01:00:01,788 --> 01:00:03,108 And that's, you know, 1039 01:00:03,268 --> 01:00:05,508 I think the early stages of this balancing act 1040 01:00:05,508 --> 01:00:07,548 of people that want to use it in a freedom-oriented way, 1041 01:00:07,608 --> 01:00:08,588 a privacy-oriented way, 1042 01:00:08,688 --> 01:00:10,568 are going to have to traverse the system. 1043 01:00:11,628 --> 01:00:12,968 In a cost-efficient way. 1044 01:00:14,388 --> 01:00:14,788 Yeah. 1045 01:00:15,268 --> 01:00:17,488 Either way, can we say how ridiculous this is 1046 01:00:17,488 --> 01:00:19,608 that it feels like all the freedom-oriented tools 1047 01:00:19,608 --> 01:00:21,288 or most of the freedom-oriented tools, 1048 01:00:21,348 --> 01:00:21,968 not all of them. 1049 01:00:22,248 --> 01:00:25,548 There's plenty of builders out there 1050 01:00:25,548 --> 01:00:26,328 that deserve some credit. 1051 01:00:26,668 --> 01:00:28,548 Seem to be run by Bitcoiners, right? 1052 01:00:28,548 --> 01:00:31,648 You have like Routester, you have PPQs at Bitcoiners, 1053 01:00:31,748 --> 01:00:32,908 Maple's Bitcoiners. 1054 01:00:34,328 --> 01:00:35,968 And there's not many of us. 1055 01:00:36,328 --> 01:00:37,448 There's not many of us. 1056 01:00:37,508 --> 01:00:40,828 It'd be nice if people that weren't in our circles 1057 01:00:40,828 --> 01:00:42,988 and weren't our friends were also working on these problems. 1058 01:00:43,188 --> 01:00:44,688 And once again, there are people that are, 1059 01:00:45,088 --> 01:00:49,148 but it does feel like it's majorly Bitcoiners 1060 01:00:49,148 --> 01:00:50,948 that are working on these types of things. 1061 01:00:51,988 --> 01:00:55,208 Yeah, I mean, we both had Justin Moon 1062 01:00:55,208 --> 01:01:00,108 on our respective podcasts that we run outside of this show in the last week. 1063 01:01:00,108 --> 01:01:05,828 And I think his message is very, very important right now, 1064 01:01:05,908 --> 01:01:07,948 which is like Bitcoin hasn't won yet. 1065 01:01:08,708 --> 01:01:13,948 I think there's a lot of echo chamber back padding that goes on 1066 01:01:13,948 --> 01:01:14,968 where it's like, this is awesome. 1067 01:01:15,168 --> 01:01:15,768 We're going to win. 1068 01:01:16,008 --> 01:01:16,728 I'm guilty of it. 1069 01:01:16,768 --> 01:01:18,928 I say we're going to win once a week at least. 1070 01:01:19,288 --> 01:01:20,328 And I do truly believe that. 1071 01:01:20,388 --> 01:01:25,008 But I think Justin's sort of positioning and his framing right now 1072 01:01:25,008 --> 01:01:26,468 I was like, hey, we haven't won yet 1073 01:01:26,468 --> 01:01:30,428 and we shouldn't operate under the assumption 1074 01:01:30,428 --> 01:01:32,588 that we are destined to win. 1075 01:01:32,588 --> 01:01:35,168 Like we have to put the work in and we have to compete 1076 01:01:35,168 --> 01:01:39,048 because there's a ton of companies that are a ton of funding, 1077 01:01:39,048 --> 01:01:41,528 a ton of firepower and are very good 1078 01:01:41,528 --> 01:01:43,508 at building products, marketing them. 1079 01:01:43,508 --> 01:01:54,642 And if we being honest in Bitcoin particularly with the freedom oriented open source projects we not that good But now that these AI tools exist they give us the ability to compete 1080 01:01:54,642 --> 01:01:58,502 and we need to build things that people need and use. 1081 01:01:58,762 --> 01:02:01,682 They don't necessarily, you can't be ideologically pure. 1082 01:02:03,042 --> 01:02:06,042 The way in which we approach it, people just want things that work. 1083 01:02:06,142 --> 01:02:07,402 They don't care how they work. 1084 01:02:07,402 --> 01:02:11,542 And so we need to use these AI tools to build freedom tech 1085 01:02:11,542 --> 01:02:16,602 that just works in people and has sort of UX and feature parity 1086 01:02:16,602 --> 01:02:18,322 with the closed source tools. 1087 01:02:19,582 --> 01:02:27,042 Yeah, go listen to the Justin Moonrips Marty and I did on TFDC 1088 01:02:27,042 --> 01:02:28,082 and so Dispatch. 1089 01:02:28,342 --> 01:02:31,582 Same person doing amazing work, but very different conversations. 1090 01:02:31,882 --> 01:02:33,162 I think you'll find both helpful. 1091 01:02:34,342 --> 01:02:35,962 And I mean, on that note, by the way, 1092 01:02:36,802 --> 01:02:40,022 he just released his tool that he's been working on 1093 01:02:40,022 --> 01:02:42,862 that he discussed on the shows, Pika, 1094 01:02:43,102 --> 01:02:46,962 which makes it very easy to securely interact with your bot 1095 01:02:46,962 --> 01:02:48,642 instead of using something like Telegram, 1096 01:02:48,742 --> 01:02:49,742 which is straight spyware. 1097 01:02:50,302 --> 01:02:53,102 And once again, this works off of Nostr, right? 1098 01:02:53,182 --> 01:02:55,502 So this is using open protocols, 1099 01:02:56,122 --> 01:02:57,542 mixing open protocols together 1100 01:02:57,542 --> 01:03:01,702 to develop a complementary freedom tech stack. 1101 01:03:01,882 --> 01:03:03,842 And they're vibe coding it too. 1102 01:03:03,842 --> 01:03:05,722 So they're using the white noise protocol, 1103 01:03:05,882 --> 01:03:06,622 which is called Marmot, 1104 01:03:07,062 --> 01:03:08,802 and they built an entire new app 1105 01:03:08,802 --> 01:03:13,702 that works with the spec designed to securely communicate with your bots 1106 01:03:13,702 --> 01:03:17,062 and have bots securely communicate with each other, which is just awesome to see. 1107 01:03:17,862 --> 01:03:21,462 Yeah, and the impetus for this was the Discord ID verification. 1108 01:03:21,942 --> 01:03:24,122 He said, we need an alternative. 1109 01:03:24,322 --> 01:03:28,422 I don't want to feed my bot to Discord knowing that they're sending my information 1110 01:03:28,422 --> 01:03:30,962 back to the government and the language models. 1111 01:03:32,622 --> 01:03:33,382 And that's the point. 1112 01:03:33,582 --> 01:03:34,082 And Telegram. 1113 01:03:34,942 --> 01:03:36,182 Yeah, and Telegram. 1114 01:03:37,702 --> 01:03:38,662 Go check it out. 1115 01:03:38,802 --> 01:03:53,322 And if you're a developer who agrees that we need these tools, we need the freedom tools as opposed to the closed source surveillance tools, and you have the ability to contribute, go do it. 1116 01:03:53,922 --> 01:03:56,642 Hey, RonP5746, Black Pill episode. 1117 01:03:56,862 --> 01:03:57,402 We're here for it. 1118 01:03:57,422 --> 01:03:58,122 It's not Black Pill. 1119 01:03:58,822 --> 01:03:59,542 It's not Black Pill. 1120 01:03:59,762 --> 01:04:00,762 We're just talking through some stuff. 1121 01:04:00,842 --> 01:04:01,542 It's a Friday afternoon. 1122 01:04:02,002 --> 01:04:02,882 Doomer optimism. 1123 01:04:03,462 --> 01:04:04,582 I have tons of hope. 1124 01:04:04,962 --> 01:04:05,922 Freedom Tech gives me hope. 1125 01:04:06,402 --> 01:04:07,142 The Freaks give me hope. 1126 01:04:07,142 --> 01:04:13,722 By the way, on the Telegram front, Discord is rightfully getting a lot of shit for their full KYC integration. 1127 01:04:14,862 --> 01:04:20,662 But I have a friend who was trying to use Telegram, which is the easiest way to use these open call bots. 1128 01:04:21,162 --> 01:04:24,422 And he keeps signing up with a burner number and they keep banning his account. 1129 01:04:24,982 --> 01:04:25,942 And why are they doing that? 1130 01:04:25,962 --> 01:04:29,342 They're doing that because they want to know your identity and they want to track all your communications. 1131 01:04:31,002 --> 01:04:36,902 Now, Discord is obviously significantly worse in terms of doing face scanning and all this other stuff. 1132 01:04:37,142 --> 01:04:52,922 But that's where these phone number requirements come from. And it's going to get worse before it gets better. All these centralized services are going to add more and more KYC, add more and more control schemes. And this is why the Freedom Stack is more important than ever as our lives are increasingly digital. 1133 01:04:52,922 --> 01:04:54,182 yeah 1134 01:04:54,182 --> 01:04:56,742 beware freaks 1135 01:04:56,742 --> 01:04:57,702 Kimmy Claw 1136 01:04:57,702 --> 01:04:59,622 similar to 1137 01:04:59,622 --> 01:05:01,722 what we discussed earlier 1138 01:05:01,722 --> 01:05:02,402 with 1139 01:05:02,402 --> 01:05:05,242 pay-per-queue 1140 01:05:05,242 --> 01:05:06,602 they had their own 1141 01:05:06,602 --> 01:05:09,502 open claw 1142 01:05:09,502 --> 01:05:10,342 alternative 1143 01:05:10,342 --> 01:05:12,182 yeah they're all gonna 1144 01:05:12,182 --> 01:05:13,022 they're all gonna 1145 01:05:13,022 --> 01:05:13,882 offer 1146 01:05:13,882 --> 01:05:15,902 I mean look 1147 01:05:15,902 --> 01:05:17,502 this is always the balancing act 1148 01:05:17,502 --> 01:05:18,902 of open source software 1149 01:05:18,902 --> 01:05:19,602 right 1150 01:05:19,602 --> 01:05:20,882 we need 1151 01:05:20,882 --> 01:05:22,702 we need a thriving 1152 01:05:22,702 --> 01:05:28,582 open source developer community so that we have tools that we're actually users of and 1153 01:05:28,582 --> 01:05:29,342 not the product. 1154 01:05:29,902 --> 01:05:36,302 But it also means that any of these proprietary companies can also just take the stack. 1155 01:05:36,782 --> 01:05:41,142 And so this week, we saw Kimi release their own hosted version, and we saw Facebook release 1156 01:05:41,142 --> 01:05:42,102 their own hosted version. 1157 01:05:42,222 --> 01:05:46,842 And of course, we saw OpenAI basically buy the lead dev of OpenClaw. 1158 01:05:47,422 --> 01:05:51,982 So they're all going to release their own centralized versions and controlled versions 1159 01:05:51,982 --> 01:05:54,362 that are also probably easier to use, 1160 01:05:54,562 --> 01:05:57,402 which is part of the consistent battle that we have 1161 01:05:57,402 --> 01:05:59,982 in terms of freedom tech versus slave tech, 1162 01:06:00,062 --> 01:06:02,702 which is the slave tech tends to be more convenient and cheaper. 1163 01:06:03,562 --> 01:06:06,642 I think we actually have a real chance on the AI front 1164 01:06:06,642 --> 01:06:09,322 to make freedom tech both cheaper and more convenient 1165 01:06:09,322 --> 01:06:11,742 and more powerful than the slave tech, 1166 01:06:11,862 --> 01:06:14,202 which is massive as part of the reason I'm so excited about it. 1167 01:06:14,262 --> 01:06:17,682 I think it bridges all of this open source together 1168 01:06:17,682 --> 01:06:19,642 in a way that's actually easy to use. 1169 01:06:20,522 --> 01:06:23,702 And because it doesn't have walls, it can be much more powerful. 1170 01:06:25,282 --> 01:06:27,042 But yeah, they're all going to release these things. 1171 01:06:27,162 --> 01:06:28,662 By the way, just a little side note. 1172 01:06:30,302 --> 01:06:34,522 It's interesting to me that Facebook released their version. 1173 01:06:35,462 --> 01:06:39,622 And WhatsApp is such a controlled, surveilled piece of shit, 1174 01:06:39,722 --> 01:06:41,142 but it doesn't work well with bots. 1175 01:06:41,142 --> 01:06:44,102 So it only has Telegram support out of the box right now. 1176 01:06:44,642 --> 01:06:48,182 Their own in-house messenger that has billions of users 1177 01:06:48,182 --> 01:06:51,742 isn't supported yet because they've designed it. 1178 01:06:51,902 --> 01:06:53,582 So it's just really hard to get through 1179 01:06:53,582 --> 01:06:57,642 without effectively like KYC 1180 01:06:57,642 --> 01:06:59,362 through their phone number verification. 1181 01:07:00,622 --> 01:07:00,822 Oh yeah. 1182 01:07:02,162 --> 01:07:05,942 Be aware, we got more Zaps in the live stream. 1183 01:07:05,942 --> 01:07:09,382 One of which is from Mark's co-founder of Maple, 1184 01:07:09,942 --> 01:07:12,142 CEO, 21,000 sat Zap. 1185 01:07:12,642 --> 01:07:14,182 Shake your local AI maker's hand. 1186 01:07:14,302 --> 01:07:15,002 Go do it, freaks. 1187 01:07:15,262 --> 01:07:16,162 Shake your rancher's hand. 1188 01:07:16,162 --> 01:07:18,522 shake your local AI maker's hand. 1189 01:07:19,462 --> 01:07:22,462 Caleb Gregory, 21,021 sats. 1190 01:07:23,782 --> 01:07:27,342 First son, welcome to the world at Blockheight 935928. 1191 01:07:27,622 --> 01:07:28,682 Being a new dad is awesome. 1192 01:07:28,862 --> 01:07:29,602 Congrats to you, Caleb. 1193 01:07:29,882 --> 01:07:31,682 Welcome to Dad Life. 1194 01:07:31,842 --> 01:07:32,822 It's incredibly rewarding. 1195 01:07:33,602 --> 01:07:37,762 I'm incredibly excited for you and your, I'm assuming, wife 1196 01:07:37,762 --> 01:07:42,042 as you start the journey of molding young minds. 1197 01:07:42,162 --> 01:07:42,702 It's a lot of fun. 1198 01:07:42,702 --> 01:07:45,662 It's a beautiful, exhausting experience. 1199 01:07:45,662 --> 01:07:47,482 It's wonderful. It changes everything. 1200 01:07:48,182 --> 01:07:50,602 You have real responsibilities now 1201 01:07:50,602 --> 01:07:53,742 as my son tries to enter this room. 1202 01:07:54,322 --> 01:07:56,642 Yeah, I've got three male errors myself, 1203 01:07:56,822 --> 01:08:00,182 the middle of which has really taken a liking 1204 01:08:00,182 --> 01:08:02,382 to ball tapping me randomly, which has not been fun. 1205 01:08:02,562 --> 01:08:03,782 But it is sort of funny. 1206 01:08:04,082 --> 01:08:08,542 It's a little comic relief from physical interaction 1207 01:08:08,542 --> 01:08:09,522 with my nether regions. 1208 01:08:13,322 --> 01:08:14,002 Let's see. 1209 01:08:14,002 --> 01:08:16,962 We should read the zaps from last week before we forget. 1210 01:08:17,282 --> 01:08:20,742 I'll do the Nostra ones that you do, the podcasting 2.0 ones. 1211 01:08:21,682 --> 01:08:24,582 We got 50,000 sats from Pleby and Non. 1212 01:08:25,182 --> 01:08:26,422 It's a scam against your soul. 1213 01:08:26,522 --> 01:08:27,682 The sats aren't worth it. 1214 01:08:28,482 --> 01:08:32,502 We have Milky with 21,812 sats, palindrome boost. 1215 01:08:32,622 --> 01:08:35,862 We need AI agents that fully embrace RHR terminology, 1216 01:08:36,822 --> 01:08:38,642 such as Cutoff. 1217 01:08:39,402 --> 01:08:40,242 I don't know what it says. 1218 01:08:41,862 --> 01:08:43,542 21,000 sats from Roaming. 1219 01:08:43,542 --> 01:08:45,082 he did three asteroids again 1220 01:08:45,082 --> 01:08:46,202 thanks for the shout out 1221 01:08:46,202 --> 01:08:49,182 and that's it for our top 1222 01:08:49,182 --> 01:08:50,762 Nostro booster last week 1223 01:08:50,762 --> 01:08:52,742 you can go to prim.net slash RHR 1224 01:08:52,742 --> 01:08:55,482 to see the only verifiable 1225 01:08:55,482 --> 01:08:57,722 copy of RHR 1226 01:08:57,722 --> 01:08:59,502 every week because it is signed with our 1227 01:08:59,502 --> 01:09:01,342 key and hashed so you know 1228 01:09:01,342 --> 01:09:02,322 it hasn't been changed 1229 01:09:02,322 --> 01:09:03,882 yeah 1230 01:09:03,882 --> 01:09:07,362 no booster read from Podcasting 2.0 1231 01:09:07,362 --> 01:09:08,842 from last week you freaks if you're 1232 01:09:08,842 --> 01:09:10,602 listening on Podcasting 2.0 1233 01:09:10,602 --> 01:09:12,382 compatible apps like Fountain 1234 01:09:12,382 --> 01:09:19,182 want your your thoughts read on there give us give us a little boost 21 000 sats um 1235 01:09:19,182 --> 01:09:25,882 guess we should do it too got a new show a new sponsor not a new show a new sponsor of the show 1236 01:09:25,882 --> 01:09:34,302 um talk about them a lot incredible company this episode is sponsored by shrike 1237 01:09:34,302 --> 01:09:39,162 if you're a long-term bitcoin holder like ourselves you're not selling 1238 01:09:39,162 --> 01:09:42,462 a lot of you guys don't want to either 1239 01:09:42,462 --> 01:09:44,022 sometimes you need liquidity 1240 01:09:44,022 --> 01:09:45,942 bills, opportunities, life 1241 01:09:45,942 --> 01:09:47,422 selling creates a taxable event 1242 01:09:47,422 --> 01:09:48,502 and breaks your position 1243 01:09:48,502 --> 01:09:50,282 Shrike does Bitcoin back lending 1244 01:09:50,282 --> 01:09:51,342 borrow against your stack 1245 01:09:51,342 --> 01:09:52,182 keep your Bitcoin 1246 01:09:52,182 --> 01:09:54,122 it's a real financial institution 1247 01:09:54,122 --> 01:09:55,202 not an experiment 1248 01:09:55,202 --> 01:09:56,002 and guess what 1249 01:09:56,002 --> 01:09:57,422 they've been listening 1250 01:09:57,422 --> 01:09:59,382 they've picked up on it 1251 01:09:59,382 --> 01:10:01,962 and they've decided to add the promo code RHR 1252 01:10:01,962 --> 01:10:03,262 so you go to Shrike.me 1253 01:10:03,262 --> 01:10:04,562 don't have a Shrike account 1254 01:10:04,562 --> 01:10:05,222 set one up 1255 01:10:05,222 --> 01:10:06,322 use the code RHR 1256 01:10:06,322 --> 01:10:08,902 you're going to get $500 in fee free 1257 01:10:08,902 --> 01:10:10,682 Bitcoin stacking. 1258 01:10:11,382 --> 01:10:12,342 So go check it out. 1259 01:10:12,462 --> 01:10:13,722 Big, big, big week for the show. 1260 01:10:14,422 --> 01:10:17,142 The RHR code dominance spreads. 1261 01:10:18,042 --> 01:10:19,942 Look, I love this because as the freaks know, 1262 01:10:20,342 --> 01:10:22,622 I will not change my recommendations or opinions 1263 01:10:22,622 --> 01:10:23,942 based on who sponsors us. 1264 01:10:24,722 --> 01:10:27,362 So when a company that I already recommend wholeheartedly 1265 01:10:27,362 --> 01:10:29,322 agrees to support us and work with us, 1266 01:10:29,882 --> 01:10:31,822 it's a beautiful blessing. 1267 01:10:32,442 --> 01:10:34,462 It's consistent with all of our sponsors. 1268 01:10:35,062 --> 01:10:37,922 To be clear here on Strike Loans specifically, 1269 01:10:37,922 --> 01:10:41,562 I want people to use them responsibly or don't use them at all. 1270 01:10:42,982 --> 01:10:46,102 There's no way for Strike to know how big your stack size is. 1271 01:10:47,142 --> 01:10:48,322 They don't want to know. 1272 01:10:49,022 --> 01:10:52,122 They want that to be in self-custody and under your control. 1273 01:10:53,402 --> 01:10:56,722 So users get a lot of freedom on how to use these products. 1274 01:10:56,722 --> 01:11:00,922 But I personally would say, don't go higher than 10% of your stack size. 1275 01:11:01,002 --> 01:11:02,042 And how do I use it? 1276 01:11:02,542 --> 01:11:05,762 I use it as a legal way to end around the savings tax. 1277 01:11:05,762 --> 01:11:17,602 I would rather not pay the US government 20% to 30% of my savings if I can borrow a small portion against it to pay fiat bills. 1278 01:11:18,262 --> 01:11:23,962 And of course, Strike has KYC because it interacts with the regulated financial system. 1279 01:11:24,882 --> 01:11:32,402 But as a result, it's a very useful tool when you're living in a fiat world and you need to have access to your bank account. 1280 01:11:32,402 --> 01:11:46,862 So I use it as a basically a translation layer. I like to think of it between Bitcoin and my bank account and the greater ecosystem. I can pay my credit card bills with it, for instance, until we're on a full Bitcoin standard. 1281 01:11:46,862 --> 01:11:49,002 and obviously 1282 01:11:49,002 --> 01:11:50,922 1031 is the largest 1283 01:11:50,922 --> 01:11:52,862 investor in Strike 1284 01:11:52,862 --> 01:11:54,602 and we're very involved in building out that product 1285 01:11:54,602 --> 01:11:56,982 so if you have feedback we take that very seriously 1286 01:11:56,982 --> 01:11:58,482 if 1287 01:11:58,482 --> 01:12:00,622 Strike fucks up 1288 01:12:00,622 --> 01:12:01,922 and loses your money 1289 01:12:01,922 --> 01:12:04,642 we're not going to pull a pump 1290 01:12:04,642 --> 01:12:06,882 and write a book about how to live an extraordinary 1291 01:12:06,882 --> 01:12:07,402 life 1292 01:12:07,402 --> 01:12:10,162 we are going to 1293 01:12:10,162 --> 01:12:12,642 live in shame for the rest of our lives 1294 01:12:12,642 --> 01:12:13,622 and take that to the grave 1295 01:12:13,622 --> 01:12:15,922 and we will not let that happen 1296 01:12:15,922 --> 01:12:21,742 yeah if you're stacking stats on shrike and uh you don't need a loan but you want to put it 1297 01:12:21,742 --> 01:12:27,682 self-custody you can go to another 1031 back to rhr sponsor coin kite get your cold card queue 1298 01:12:27,682 --> 01:12:33,962 you can use the code rhr for temper i think we got is it five or ten percent off put in the code 1299 01:12:33,962 --> 01:12:41,342 i think it's five i think it's five percent off but yeah cold cards the best we only recommend 1300 01:12:41,342 --> 01:12:46,942 the best. We don't change our opinions based on who sponsors us. And it's wonderful when we have 1301 01:12:48,302 --> 01:12:54,782 the companies that we're recommending already want to work with us and support us, make this happen. 1302 01:12:54,782 --> 01:13:01,182 I've been doing a lot of wallet checking the last couple of weeks. And it's just, 1303 01:13:01,182 --> 01:13:06,862 it's so cool when you're just like using the hardware wallets and using the sovereign tools 1304 01:13:06,862 --> 01:13:10,042 like Sparrow to do checks and just always reminds you like, 1305 01:13:10,142 --> 01:13:11,842 ah, this is why I'm here. 1306 01:13:12,002 --> 01:13:14,562 It's just so cool that you can self-verify that your money 1307 01:13:14,562 --> 01:13:17,622 is where you think it is and that you have control over it. 1308 01:13:19,222 --> 01:13:19,642 It's wild. 1309 01:13:20,222 --> 01:13:20,882 It's a superpower. 1310 01:13:21,802 --> 01:13:22,582 It really is. 1311 01:13:23,062 --> 01:13:23,762 It really is. 1312 01:13:25,742 --> 01:13:26,302 All right. 1313 01:13:26,422 --> 01:13:28,862 We got a couple more on the list and I need to shower 1314 01:13:28,862 --> 01:13:35,342 before I record a TFTC episode a little bit with Alex Leishman. 1315 01:13:35,342 --> 01:13:54,722 I'm going to talk about the River report that they dropped, which we don't have on the list, but I think maybe we should bring that up. Sam Wooters, the head of research at River, they released this report yesterday, basically an update on the Lightning Network in 2025. 1316 01:13:54,722 --> 01:13:58,822 and the Lightning Network seems to be absolutely crushing it, 1317 01:13:58,922 --> 01:14:02,742 at least in last year it did. 1318 01:14:02,742 --> 01:14:03,982 So I'm looking, looking. 1319 01:14:04,162 --> 01:14:04,722 Here it is. 1320 01:14:04,862 --> 01:14:06,522 Logan, why don't you pull this up? 1321 01:14:11,942 --> 01:14:16,962 So Bitcoin Lightning Network exceeds $1 billion in monthly volume last year. 1322 01:14:17,102 --> 01:14:18,382 If you look at the first chart here, 1323 01:14:19,142 --> 01:14:21,822 the estimated monthly Lightning volume, year-on-year growth, 1324 01:14:21,902 --> 01:14:24,442 going back to 2021, August 21, 1325 01:14:24,442 --> 01:14:42,662 It was $12 million. August 23, $78 million. November 24, $286 million in November of last year, based off of the estimations. Again, these are estimated monthly volumes. We can't know for sure due to the nature of the distributive protocol that is the Lightning Network. 1326 01:14:42,662 --> 01:14:46,462 It's actually relatively private compared to on-chain Bitcoin. 1327 01:14:47,122 --> 01:14:55,062 But via their estimates, they're saying $1.17 billion in volume over the Lightning Network in November 2025 alone. 1328 01:14:55,782 --> 01:15:02,582 Then estimated monthly transactions, same month, 5.2 million transactions. 1329 01:15:02,902 --> 01:15:09,362 And if you look at the right side of this chart, you'll see that there were 6.6 million transactions in August of 2023. 1330 01:15:09,362 --> 01:15:12,542 People will look at that and say, what the heck's going on there? 1331 01:15:12,542 --> 01:15:16,842 why is there less transactions than there were two years ago? 1332 01:15:17,962 --> 01:15:21,102 And Sam highlights it in his post. 1333 01:15:21,422 --> 01:15:26,142 There were many people experimenting with microtransaction apps, 1334 01:15:26,342 --> 01:15:30,362 like messaging to the Lightning Network, microtransactions in games. 1335 01:15:30,902 --> 01:15:35,882 And Sam says that he's surmising that a lot of those apps 1336 01:15:35,882 --> 01:15:37,082 have defined product market fit. 1337 01:15:37,082 --> 01:15:41,942 They pivoted to other sort of message routing mechanisms, 1338 01:15:41,942 --> 01:15:45,502 And that's why you see the decline in transactions. 1339 01:15:45,782 --> 01:15:53,822 Those 6.6 million were predominantly made up of microtransactions for other use cases outside of pure payments. 1340 01:15:54,582 --> 01:16:07,182 But on the pure payments, if you get on the next chart, average Lightning transaction size in USD over time, $24 in August 21, 12, and August 23, 118 in November 24. 1341 01:16:07,182 --> 01:16:10,342 And last year, that bumped up to 223. 1342 01:16:10,342 --> 01:16:16,282 people are sending Bitcoin to and from exchanges more and more often using the Lightning Network 1343 01:16:16,282 --> 01:16:22,102 sending between exchanges using the Lightning Network and the average transaction size 1344 01:16:22,102 --> 01:16:27,842 denominated in dollars is going up so this is exactly what I want to see Lightning Network is 1345 01:16:27,842 --> 01:16:33,662 thriving yeah I mean it's just wild how quick it's grown I mean you can another metric that 1346 01:16:33,662 --> 01:16:38,762 you can look at is just you look up the top capacity nodes and how much Bitcoin they have 1347 01:16:38,762 --> 01:16:40,442 in their hot wallets, it's wild. 1348 01:16:41,382 --> 01:16:43,542 It's like nodes with like 600 Bitcoin in them, 1349 01:16:44,142 --> 01:16:47,842 which I think is, it's numbers that you could only, 1350 01:16:48,102 --> 01:16:49,802 it was hard to really even comprehend 1351 01:16:49,802 --> 01:16:51,462 even a couple of years ago. 1352 01:16:53,142 --> 01:16:55,722 So yeah, it's just really great to see. 1353 01:16:56,922 --> 01:16:58,542 It's happening, Freaks, it's happening. 1354 01:17:00,022 --> 01:17:02,122 We've also got an executive order on the list, 1355 01:17:02,822 --> 01:17:04,022 promoting the national defense 1356 01:17:04,022 --> 01:17:05,502 by ensuring an adequate supply 1357 01:17:05,502 --> 01:17:09,762 elemental phosphorus and glyphosate-based herbicide. 1358 01:17:10,222 --> 01:17:11,642 How insane is this? 1359 01:17:12,042 --> 01:17:13,682 It's just like, hey, we need the glyphosate. 1360 01:17:14,102 --> 01:17:15,462 Was this on your radar? 1361 01:17:16,242 --> 01:17:16,562 Yeah. 1362 01:17:17,482 --> 01:17:21,042 By the way, another thing that the aliens are distracting you from 1363 01:17:21,042 --> 01:17:24,742 is that the Trump administration has basically made Roundup 1364 01:17:24,742 --> 01:17:27,362 a national security issue 1365 01:17:27,362 --> 01:17:30,442 and are trying to defend them from lawsuits, 1366 01:17:30,982 --> 01:17:32,902 which is fucking wild. 1367 01:17:33,562 --> 01:17:35,162 That shit's in your drinking supply. 1368 01:17:35,162 --> 01:17:36,142 it's in your food 1369 01:17:36,142 --> 01:17:37,702 they're poisoning us 1370 01:17:37,702 --> 01:17:38,942 it's bad for the country 1371 01:17:38,942 --> 01:17:40,122 it's good for Bayer 1372 01:17:40,122 --> 01:17:41,022 which is a German 1373 01:17:41,022 --> 01:17:42,342 fucking company 1374 01:17:42,342 --> 01:17:44,402 and it's 1375 01:17:44,402 --> 01:17:45,582 it's incredibly fucked up 1376 01:17:45,582 --> 01:17:46,702 I will say by the way 1377 01:17:46,702 --> 01:17:48,502 I finally did a full spectrum 1378 01:17:48,502 --> 01:17:51,162 analysis of 1379 01:17:51,162 --> 01:17:53,342 our house's water well 1380 01:17:53,342 --> 01:17:55,102 and it's clean of everything 1381 01:17:55,102 --> 01:17:56,422 I got no glyphosate 1382 01:17:56,422 --> 01:17:56,802 nothing 1383 01:17:56,802 --> 01:17:59,022 which is by the way 1384 01:17:59,022 --> 01:17:59,622 that's like 1385 01:17:59,622 --> 01:18:01,062 that's the real world jackpot 1386 01:18:01,062 --> 01:18:01,602 right there 1387 01:18:01,602 --> 01:18:02,742 so I'm 1388 01:18:02,742 --> 01:18:04,782 I'm pretty excited about that 1389 01:18:05,162 --> 01:18:05,842 Yeah. 1390 01:18:07,022 --> 01:18:09,262 I'm going to continue turning the frogs. 1391 01:18:09,422 --> 01:18:09,622 Is it? 1392 01:18:09,682 --> 01:18:12,562 It's not glycophate turning the frogs gay? 1393 01:18:12,662 --> 01:18:13,142 Or what is it? 1394 01:18:13,562 --> 01:18:14,782 No, it was something else. 1395 01:18:14,942 --> 01:18:15,922 And he was right about it. 1396 01:18:16,342 --> 01:18:16,562 Yeah. 1397 01:18:16,762 --> 01:18:17,842 Logan, you know what it is. 1398 01:18:17,922 --> 01:18:18,882 I know you know what it is. 1399 01:18:19,942 --> 01:18:21,262 I don't remember what the chemical is. 1400 01:18:22,002 --> 01:18:22,242 Cool. 1401 01:18:22,962 --> 01:18:24,182 I remember why it turns them gay. 1402 01:18:25,722 --> 01:18:26,722 Why does it turn them gay? 1403 01:18:27,882 --> 01:18:31,542 Because the frogs are hermaphroditic to begin with, 1404 01:18:31,542 --> 01:18:37,582 and it triggers the chemical process in them to make them switch sex. 1405 01:18:38,562 --> 01:18:38,662 Okay. 1406 01:18:39,202 --> 01:18:39,462 All right. 1407 01:18:40,502 --> 01:18:41,022 It's good to know. 1408 01:18:41,382 --> 01:18:41,882 Good to know. 1409 01:18:42,842 --> 01:18:44,442 Water Wars next, PhillyNet. 1410 01:18:45,102 --> 01:18:45,902 This has been a great rep. 1411 01:18:46,322 --> 01:18:47,122 This has been a great rep. 1412 01:18:47,362 --> 01:18:48,062 I'm going to keep it tight. 1413 01:18:51,402 --> 01:18:53,482 I had one other thing. 1414 01:18:54,362 --> 01:18:54,942 Oh, like cool. 1415 01:18:56,122 --> 01:18:59,082 We've read about this in the Bitcoin brief this morning. 1416 01:18:59,082 --> 01:19:05,382 but uh it's fascinating learning and just like how intricate supply chains are and how weird they 1417 01:19:05,382 --> 01:19:11,762 can be and did you see this that the uh the japanese toilet maker toto is actually a critical 1418 01:19:11,762 --> 01:19:19,942 part of the uh gpu chip supply chain because they like have a special ceramic process to make your 1419 01:19:19,942 --> 01:19:25,462 yeah they like they they make this only type of ceramic that's like necessary for the silicon 1420 01:19:25,462 --> 01:19:31,902 and then another japanese company it's insane how all these different supply chain things 1421 01:19:31,902 --> 01:19:37,902 interact in such complex ways and you have no idea yeah another japanese company uh ajinomoto 1422 01:19:37,902 --> 01:19:44,162 um they're known for their bullion cubes and umami seasoning and apparently like one of their 1423 01:19:44,162 --> 01:19:49,262 seasonings has this film that is necessary to put on the chips as well you can't make 1424 01:19:49,262 --> 01:19:51,262 these chips without Toto, 1425 01:19:51,582 --> 01:19:53,962 the toilet 1426 01:19:53,962 --> 01:19:56,042 maker, and Ajinomoto, 1427 01:19:56,922 --> 01:19:57,142 the 1428 01:19:57,142 --> 01:19:58,622 bullion cube 1429 01:19:58,622 --> 01:20:00,242 producer. 1430 01:20:02,442 --> 01:20:04,082 Capitalism, man. It's wild. 1431 01:20:07,262 --> 01:20:09,642 There's another thing in here I want to highlight, too. 1432 01:20:11,782 --> 01:20:13,142 Oh, yeah, California. 1433 01:20:13,142 --> 01:20:14,522 What's the band 3D printers? 1434 01:20:16,302 --> 01:20:17,422 I mean, I'm surprised 1435 01:20:17,422 --> 01:20:18,342 they haven't already. 1436 01:20:18,342 --> 01:20:21,862 totalitarian commie hellhole 1437 01:20:21,862 --> 01:20:23,742 ban the sale 1438 01:20:23,742 --> 01:20:25,682 and transfer 3D printers unless they are 1439 01:20:25,682 --> 01:20:27,562 listed on a state roster certifying 1440 01:20:27,562 --> 01:20:29,302 they block firearms from being printed 1441 01:20:29,302 --> 01:20:31,642 disturbing 1442 01:20:31,642 --> 01:20:33,222 shit they will be unsuccessful 1443 01:20:33,222 --> 01:20:35,022 leave California if you live there 1444 01:20:35,022 --> 01:20:37,142 do it for your family if nothing else 1445 01:20:37,142 --> 01:20:39,342 you gotta like I said 1446 01:20:39,342 --> 01:20:41,462 you gotta prepare things are about to get more wild 1447 01:20:41,462 --> 01:20:43,442 from here secure water 1448 01:20:43,442 --> 01:20:45,202 secure land strong 1449 01:20:45,202 --> 01:20:46,422 small communities 1450 01:20:46,422 --> 01:20:49,682 think twice about living in cities 1451 01:20:49,682 --> 01:20:50,842 particularly if you have a family 1452 01:20:50,842 --> 01:20:52,882 get your shit in order 1453 01:20:52,882 --> 01:20:54,602 while it's easier to get your shit in order 1454 01:20:54,602 --> 01:20:56,222 than when it becomes more chaotic 1455 01:20:56,222 --> 01:20:57,362 yeah 1456 01:20:57,362 --> 01:21:01,242 learn how to use Bitcoin self-custody 1457 01:21:01,242 --> 01:21:03,802 stack real Bitcoin 1458 01:21:03,802 --> 01:21:05,362 not Bitcoin stocks 1459 01:21:05,362 --> 01:21:09,022 try not to doom scroll too much 1460 01:21:09,022 --> 01:21:12,442 life is short 1461 01:21:12,442 --> 01:21:14,262 but the grind is long 1462 01:21:14,262 --> 01:21:15,542 the aliens are 1463 01:21:15,542 --> 01:21:17,602 the aliens, Project Bluebeam. Go look up 1464 01:21:17,602 --> 01:21:19,722 Project Bluebeam. They're prepping us for 1465 01:21:19,722 --> 01:21:21,542 Project Bluebeam. Beware. 1466 01:21:21,802 --> 01:21:23,442 We've talked about this in the past. 1467 01:21:23,602 --> 01:21:25,682 We're at the point where I'm not going to believe the aliens are here 1468 01:21:25,682 --> 01:21:27,902 unless they're standing right fucking next to me. 1469 01:21:28,142 --> 01:21:29,602 That's for better or for worse. It's 1470 01:21:29,602 --> 01:21:31,702 unfortunate that there's no faith in our institutions 1471 01:21:31,702 --> 01:21:33,842 anymore because if we're actually under attack by aliens 1472 01:21:33,842 --> 01:21:35,082 I'd rather believe them. 1473 01:21:36,382 --> 01:21:37,722 But I'm not going to do it 1474 01:21:37,722 --> 01:21:38,882 unless I see you on my own eyes. 1475 01:21:39,502 --> 01:21:41,622 Maybe the aliens come and they're like, hey, you guys 1476 01:21:41,622 --> 01:21:43,542 are run by petal elites. We're going to get rid of them 1477 01:21:43,542 --> 01:21:44,822 for you. You guys are cool. 1478 01:21:44,822 --> 01:21:51,202 we're gonna leave you alone maybe the good guy aliens yeah yeah and they're probably like backed 1479 01:21:51,202 --> 01:21:59,082 by a16z it's like all the same money anyway we come in peace um it's like we palantir and peter 1480 01:21:59,082 --> 01:22:04,342 teal have like an alliance with the aliens and they quote unquote destroy the pedos for us right 1481 01:22:04,342 --> 01:22:12,562 yeah all right anything else uh i'm telling anything else to wrap up with i'm my i'm my 1482 01:22:12,562 --> 01:22:15,342 wife is dealing with complete chaos over there. So I would 1483 01:22:15,342 --> 01:22:18,382 definitely need to wrap. I love you for your Istanbul Stack 1484 01:22:18,382 --> 01:22:20,062 Stabs. Peace, love.