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Welcome in to This Week in Bitcoin, Episode 17. My name is Chris.

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There's a lot to get into this week, and I feel like the best thing to do would

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be to knock out some of the short-term stuff right off the top.

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Let's just get it out of the way.

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To give you a snapshot of where we're at in Bitcoin's timeline,

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I'm recording this at block height 850,579.

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We're around 1,673 sats to one U.S. greenback.

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We're about 5.03% through the current epoch.

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And the reason why all that matters is because around this same time,

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we've also entered into Q3 2024.

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That doesn't really matter to Bitcoin, but it sure matters to the world around

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Bitcoin and those who interact with the Bitcoin network.

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This week, U.S. debt hit a new milestone. The rally of debt increases resumed

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after taking a little pause, probably for the election.

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The U.S. government debt jumped by $109 billion in one day this week.

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That's the biggest one-day increase since October of 2023.

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We're now sitting at a record $34.831 trillion.

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$34.8 trillion.

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And that's pretty scary because even to just kind of keep moving with that sort

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of debt, you need a really healthy economy.

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And some of the really rather important economic indicators that we go by are starting to drop.

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Viewer people are buying homes in the u.s that's

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according to the latest report from the commerce department sales of

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new single-family homes dropped unexpectedly by 11.3 percent in may that's a

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six-month low the national association of realtors says home contract signings

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have also hit a record low oh oh i mean what are you gonna expect right rates

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what they're at inventory is what they're at.

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Younger generation that can't afford current house prices. An older generation

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that's held these houses for a long time and expects great returns now and needs

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those great returns. It's a pretty crappy situation.

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And it's happening right as the macro picture for the second half of the year

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is really just starting to form.

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There's some bullish signals, some bearish signals out there.

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And Fed chair Jerome Powell, or J-Pow, as I call him, was at an event this week.

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He was at an event and one of CNBC's hosts was there asking questions.

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You know, we just know fiscal policy is a job for elected people.

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We're not elected people, so we don't comment on it, and particularly in advance

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of a presidential election, we're not commenting on anyone's particular policies one way or the other.

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He was asked, what do you think about if a President Trump was elected,

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if President Trump is elected, looking at his economic policies,

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they look fairly inflationary. Are you concerned about a party sweep coming

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in and that party spending a bunch of money?

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Well, you just heard his answer. Oh, we're not going to comment.

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We're not going to comment on that.

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But then he continued kind of generically and for a central banker.

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He kind of talked tough. I mean, this is what they consider talking tough.

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But you don't generally hear the central bankers talk about this kind of stuff

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until it's almost an emergency. I'll let him explain.

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I will say more broadly, though, the United States is running a very large deficit

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at a time when we're at full employment.

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And it just is the level of debt that we have is not unsustainable.

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The path that we're on is unsustainable. That's completely non-controversial.

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I would have thought that this is something that should be a top-level issue.

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And you do hear this from a lot of elected officials, but it should be a real

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focus going forward is how do we get back to a sustainable path because you

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can't run these kinds of deficits in really good economic times for very long.

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I mean, I wouldn't say I can't really speak to the time, but in the longer run,

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we'll have to do something sooner or later, and sooner will be better than later.

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Yeah, you can't just do this wartime spending, this emergency spending during

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non-wartime emergencies, is what he's saying. Maybe it is an emergency.

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But you heard him in there talk about inflation and how he's surprised it's

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not one of the top issues of the election.

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I also am amazed that these politicians have managed to make the conversation

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more about these two old men than they have about the issues facing the people.

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And inflation affects everyone. one. So you think it'd be the number one topic

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for both campaigns and what they're going to do about the deficit and what's causing inflation.

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Instead, it's not even brought up. We hear more about their golf than we do

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about their inflation policies.

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But speaking of inflation, Jay Powell and Christine Lagarde,

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who is the president of the ECB, that's the central bank of the euro,

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was asked about where they think inflation will be in a year from now.

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So I thought, let's get them on the record for our own reference.

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Maybe if any of you are listening back to this in a year, you can hear this

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clip and see if they got it right.

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Those who famously called it transitory are now predicting where inflation will

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be in one year. Do you think what they're going to say is a shocker?

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No. In fact, central bankers try never to shock anyone ever.

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If we're sitting here on stage in one year from now, which we hopefully are,

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the inflation rate in the U.S. will be, you know, mid to low twos.

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That's kind of where mid Mid twos now.

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Yeah. Well, we have one month at 2.6.

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Mid to low twos. What do you think? So Jay Powell takes a, you know,

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he has got a little victory.

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You know, everybody was telling us to cut and we weren't ready to cut and we didn't cut.

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And then inflation spiked back up for a bit. We were right. He took a little victory lap in this.

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Maybe they're right. Maybe they got lucky. Do you think inflation is going to be around 2% in a year?

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And if it's a 2%, why is it there? Mid twos now.

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Yeah. Well, we have one month at 2.6. And, you know, we had a brief visit to

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the low twos at the end of, I mean, sustainably, durably underlying inflation

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between two and two and a half is what I would say.

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That would be a great outcome. Headline PCE. Yeah.

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President Lagarde, one year from now? One year from now, I would say low twos.

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We are at 2.5, latest reading, and as I said, bumpy on the way ahead.

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But yeah, low twos. All right, low twos, you heard.

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Both in the U.S. and in the Eurozone, low twos.

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We'll see. But back to Bitcoin. The U.S. and the German government continue

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to sell off Bitcoin this week.

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It's ironic that they're trading a hard, scarce asset for something that gets

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printed, for fiat that gets printed.

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A lot of the selling is coming from the German Federal Criminal Office,

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or Criminal Police Office, I think is actually the name.

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I believe they go by the BKA over there. And they have tens of thousands of

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Bitcoin that they've seized.

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The German government has recently moved millions of dollars in seized Bitcoin

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to major exchanges signaling an intent to sell.

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Well, blockchain analysis firm Akram reported these transactions originated

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from a wallet linked to the German Federal Criminal Police Office,

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which is also called the BKA.

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BKA seized nearly 50,000 Bitcoin in 2013 from a firm piracy website.

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According to reports, over $425 million has been moved in the past week.

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Although the German government still retains the majority of the seized Bitcoin,

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these transfers suggest a potential liquidation of some assets. Yeah, 50,000 Bitcoin.

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They're moving them, you know, in 1500 chunks to various crypto exchanges like

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Bitstamp, Coinbase and Kraken.

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Of course, these actions are similar to moves that were made by the U.S.

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Because they're selling off Mt. Gox approximately.

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They're going to not sell off, but transfer back 950,000 Bitcoin or something

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like that. It's a horrible amount.

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30 of those or so are mine. And then, you know, some of those people will hodl,

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some of those people will sell. We don't know.

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Also in the news, and shout out to NoBSBitcoin for finding this one,

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Coinbase has officially partnered with the U.S. Marshal Service as part of the

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U.S. Department of Justice's division that is responsible for managing seized and forfeited assets.

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The agreement seems to revolve around safeguarding and trading so-called Class

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1 large-cap digital assets. So the SEC is suing Coinbase and the U.S.

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Marshal Service is using Coinbase. It's pretty funny.

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Music.

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For better, for worse, new rules, everyone. Yay, from the IRS.

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The Treasury and the IRS have issued what they call final regulations that require

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brokers to report the sales and exchange of digital assets.

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So this has been in the works for a bit. The IRS seems to be kind of leaving

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non-custodial solutions alone. So that's the good news.

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They're leaving non-custodial solutions alone. They're going to have other guidance

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at some point for that and DeFi.

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But in here, they seem to kind of indicate to that even forcing the developers

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of non-custodial wallet solutions to do this reporting would be a violation

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of the developer's First Amendment rights.

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So that's a good sign. These rules, and I'm going to get into some of these

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details, are going to go into effect in 2025.

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So that's your timeline here. and I'm going to play some audio from a tax attorney

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and a CPA. His name is Andrew Gordon.

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He's got a firm and he kind of goes, he'll go over some of the details with us.

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So for the last decade or so, or since the dawn of cryptocurrency,

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the burden has been on the investors or the taxpayers to report all of their

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activity on their taxes.

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And so what has happened over time is there's a massive tax gap or the difference

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between what people actually need to report and pay and what the IRS is collecting.

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And that's in part because it's been a disaster to report your crypto taxes.

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If you're a crypto investor, you need to get data from a variety of different sources.

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You need to piece it together and report your gains or losses.

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And that's something that's very unique to crypto versus something like the stock market.

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And what this legislation had done and now these new broker regulations puts

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into effect is that the brokers or the crypto exchanges now are required to

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report to both the taxpayers or the investors and the IRS the individual's cost

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basis or what they purchased it for,

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as well as the sales price and the gain and loss that accompanies it.

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Right. So this is for crypto traders that are buying and selling.

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They're buying, holding for a bit, selling at a profit or at a loss.

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And there's going to be a new form. It's like a 1099 type form that they're

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going to produce for you and for the IRS. They're going to send it to both of you.

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What that means, and something Andrew points out, is the IRS is about to get

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just a fire hose of trade information.

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So as I mentioned, there's been this massive tax gap, right?

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Billions of dollars, maybe even more, that the IRS should have been collecting from crypto investors.

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But because they haven't had this information, they haven't been able to effectively do so.

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So I would expect that there will be a massive increase in audits,

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a massive increase in criminal investigations based on this information,

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and more attempts to decrease this tax gap and collect more money from crypto investors.

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Yeah, well, that's part of the IRS's mandate is to get more money in there.

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And so you probably always should be assuming...

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That any crypto at all, but including Bitcoin, that you buy from a KYC account,

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so one that's made you go through identification, they're going to be tracking

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how much and when you bought.

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Now, you should also be assuming that they're going to be sending that to the

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IRS automatically. I would assume some of them like Coinbase already do.

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And they're probably going to start doing this sooner than later.

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They don't have to do like the profit and loss stuff, I don't think, until 2025.

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The actual trades, I think they're probably going to just start doing almost immediately.

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This is where I think KYC can be really risky because something that wasn't

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happening a couple of years ago when you bought KYC Bitcoin,

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and it really screws long timers because long timers were taking a massive bet on this.

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OG Bitcoiners that had to use KYC solutions were taking this super long bet

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on this thing that the government kept telling us was worth nothing and that

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all of the experts were telling us was worth nothing and that a lot of people

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were telling us is only for drug dealers or Or for whatever.

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And then all of a sudden, the banks get interested, the ETFs get launched,

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and now we're starting to get regulatory clarity.

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And now everybody wants in your pocket. Well, Bitcoiners weren't necessarily

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planning for that 14 years ago, 10 years ago, 5 years ago, when they bought

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this incredibly risky asset at the time.

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So I think it's time to get your house in order if you have bought Bitcoin with KYC.

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Now, you really need to be more concerned if you've been selling Bitcoin on KYC platforms.

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Now is the time to get into compliance. Talk to a tax professional and get your records in order.

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Assess filing an amended return.

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Or even if not doing that, have your cost basis information ready so that as

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you file future years and as the IRS gets all this information,

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that you can report fully and consistently.

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This is one of the areas where I think HODLing by default makes a lot of sense

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because then there's not a sale there or using things like Strike,

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acquiring the Bitcoin and shooting the Bitcoin around as payments.

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Like I think, too, there's going to be something about like a it's going to

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be probably something in here that talks about eventually about like six hundred

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dollars and below or not really.

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It's something we need to be tracked and all this kind of stuff.

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So there's going to be more also regulatory clarity, as they put it, for self-hosted stuff.

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But it's still something I think everybody should be aware of in the space simply

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because the IRS is going to have easier access to KYC platforms information soon.

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Again, if you don't sell, it's not really a big issue there.

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Or if you're buying and sending it away and it's an immediate transaction,

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I think that's a different kind of tax impact as well.

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But if you're holding it for a period of time and then selling it at a profit

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or at a loss, this probably applies to you.

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So I'll try to put some links in the notes but you know this isn't probably

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the best place to get tax advice there's probably more experts in fact,

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I'm always looking for a CPA who is Bitcoin savvy I think we should have a little

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community list of them because the difference this day and age between a CPA

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that understands this stuff,

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or a tax attorney that understands this stuff and a CPA or a tax attorney that

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doesn't is going to be huge soon so if you know any boost them in.

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The SEC, speaking of enforcement, is going after ConsenSys. This is interesting.

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The SEC has charged ConsenSys software with engaging an unregistered offer and

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sale of securities through MetaMask staking.

223
00:14:36,775 --> 00:14:41,475
And they've also charged them separately as operating as an unregistered broker.

224
00:14:42,275 --> 00:14:46,015
The US SEC sued ConsenSys on Friday over its MetaMask service,

225
00:14:46,275 --> 00:14:50,055
alleging that MetaMask acted as an unregistered securities broker and that its

226
00:14:50,055 --> 00:14:51,795
staking service violated securities laws.

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The suit also targeted Ethereum staking service Lido and Rocketpool,

228
00:14:55,975 --> 00:14:59,475
the third-party platforms MetaMask uses to power its staking feature.

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Consensus previously sued the SEC seeking a court order declaring Ether to not

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00:15:03,715 --> 00:15:07,495
be a security and to end the SEC's investigation into the firm.

231
00:15:08,095 --> 00:15:13,535
You got to wonder what this will do, you know, impact-wise on staking long term.

232
00:15:14,275 --> 00:15:16,855
Does it, I mean, this just seems like we're going after Lido,

233
00:15:16,935 --> 00:15:21,455
you know, the new ETFs, they all restrict and forbid staking.

234
00:15:21,855 --> 00:15:23,955
The ones that they're filing for the ETH ETFs.

235
00:15:24,555 --> 00:15:27,835
Staking and that kind of stuff seems to be the issue. And you know what?

236
00:15:27,875 --> 00:15:29,175
There is a lot of management there, isn't there?

237
00:15:29,715 --> 00:15:35,975
You know, Lido, you could argue, ConsenSys, they're doing central management of this stuff.

238
00:15:36,615 --> 00:15:40,975
So it'll be very fascinating to see where this goes. Before we go any further,

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00:15:41,095 --> 00:15:43,035
though, I have a question for you.

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00:15:44,075 --> 00:15:48,135
Have you ever alt-coined? I know Bitcoiners don't like talking about this,

241
00:15:48,255 --> 00:15:52,015
but do you even currently alt-coin? Would you consider doing it again?

242
00:15:52,695 --> 00:15:57,015
Do you hold some altcoins like Ethereum or Salooner or I don't know?

243
00:15:57,435 --> 00:16:02,815
I would really like to get a temperature from the This Week in Bitcoin audience on this.

244
00:16:03,315 --> 00:16:05,835
You know, like how maxi is the audience?

245
00:16:06,395 --> 00:16:09,875
That may reflect how maxi the show should be, I suppose. Yeah.

246
00:16:10,320 --> 00:16:19,600
Music.

247
00:16:19,449 --> 00:16:21,809
All right, well, coming up on this show, we got your boosts,

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00:16:21,829 --> 00:16:26,589
some mining updates that are pretty great, some hot goss that is pretty funny,

249
00:16:26,669 --> 00:16:28,569
and some great project updates.

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00:16:28,809 --> 00:16:33,109
So I want to take a moment and thank Podhome.fm, the sponsor of This Week in

251
00:16:33,109 --> 00:16:38,149
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252
00:16:38,149 --> 00:16:40,289
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253
00:16:40,689 --> 00:16:44,809
Use the promo code TWIB. That's my promo code TWIB.

254
00:16:45,489 --> 00:16:49,029
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255
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256
00:16:53,329 --> 00:16:57,249
chapters and clips and claps, I guess I was going to say.

257
00:16:57,769 --> 00:17:02,689
Really great UI that makes it easy to add different stuff like value for value

258
00:17:02,689 --> 00:17:07,149
music, boom, images or links, pow, schedule when it goes live,

259
00:17:07,209 --> 00:17:09,609
go live, schedule when it gets posted. it.

260
00:17:09,709 --> 00:17:14,229
It's all the tools you need to have a slick podcast that stands out above the

261
00:17:14,229 --> 00:17:18,929
noise floor, that has features the regular 1.0 podcast can't even touch.

262
00:17:19,269 --> 00:17:24,129
So go try it for three months for free when you use my promo code TWIB.

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00:17:25,029 --> 00:17:28,409
That's pothome.fmtwib. Check them out.

264
00:17:28,709 --> 00:17:33,449
Also shout out to thebitcoincompany.com. If you've got some sats in Lightning

265
00:17:33,449 --> 00:17:39,149
that you'd like to spend, And you can go from lightning to gift card in just seconds.

266
00:17:40,290 --> 00:17:44,150
And get some sats back. Use the promo code JUPITER over there at the Bitcoin company.

267
00:17:44,690 --> 00:17:51,090
Ask not what your podcast can boost for you, but what you can boost for your podcast.

268
00:17:51,590 --> 00:17:57,130
Oh, we have some great boosts. And Gross Philosophy comes in with a baller boost

269
00:17:57,130 --> 00:18:00,810
right off the top 100,000 sats. Hey, Rich Lobster!

270
00:18:02,970 --> 00:18:06,110
Thank you, sir. Wow, that's going to make it a banger episode right there.

271
00:18:06,190 --> 00:18:06,930
I really appreciate that.

272
00:18:07,190 --> 00:18:10,810
Regarding your statements about Yahoo, you're right. They are idiots over there,

273
00:18:10,850 --> 00:18:12,430
although that shouldn't surprise you.

274
00:18:12,450 --> 00:18:16,890
By the way, my point was part of the problem with financial literacy is that

275
00:18:16,890 --> 00:18:21,210
the actual financial media coverage is so bad. And I played a clip last week.

276
00:18:21,250 --> 00:18:22,090
That's what he's responding to.

277
00:18:23,110 --> 00:18:26,570
Also, it's not just the media and the bureaucrats. Colleges have been teaching

278
00:18:26,570 --> 00:18:30,750
2% inflation and MMT in economic classes for decades.

279
00:18:31,570 --> 00:18:35,590
FYI, I listen to all your shows, Chris, but this one is the best one. Oh, boom.

280
00:18:38,010 --> 00:18:41,190
Here, now this is spot on. Well, thank you. He says, check out the documentary

281
00:18:41,190 --> 00:18:45,430
Finding the Money. I think that is on my top documentary list right now.

282
00:18:45,730 --> 00:18:48,450
Finding the Money. I will add a plus one to that. Thank you very much,

283
00:18:48,450 --> 00:18:51,110
Gross. I really appreciate that. That's fantastic support.

284
00:18:51,750 --> 00:18:53,970
Nunji also comes in with some fantastic support.

285
00:18:54,650 --> 00:18:59,550
90,000 sats. I hoard that which your kind covet. He says, oh,

286
00:18:59,590 --> 00:19:02,470
no, we can't have a show this good only get 40,000 sats.

287
00:19:02,850 --> 00:19:06,130
I hope I'm not the lobster. You're very close. You know what?

288
00:19:06,150 --> 00:19:09,650
I feel like you get partial lobster status. I'd like to express my thanks for

289
00:19:09,650 --> 00:19:12,670
the review of software stacks for acquitting, for acquiring probably,

290
00:19:12,790 --> 00:19:16,350
Bitcoin and welcome future discussion on hardware wallets.

291
00:19:16,750 --> 00:19:20,950
Very good. And also, I think, along with that, I'm definitely looking to collect

292
00:19:20,950 --> 00:19:26,170
feedback right now, Fetament and eCash and Cashew, along with Liquid,

293
00:19:26,330 --> 00:19:28,890
you know, but Liquid, I think, is a good solution today.

294
00:19:28,890 --> 00:19:33,650
Day and I'm kind of looking forward to see what we might be able to use to consolidate

295
00:19:33,650 --> 00:19:38,050
UTXOs in a safe way before we transfer to cold storage.

296
00:19:39,164 --> 00:19:43,064
They go on to say, I have allowed my electric company to adjust my thermostat

297
00:19:43,064 --> 00:19:45,924
for a few years now. We got. OK, great. Thank you.

298
00:19:46,724 --> 00:19:50,464
It's no big deal. We hardly notice it. We can override it any time. Ah.

299
00:19:51,164 --> 00:19:54,504
Oh, well, that seems the key thing. But if we don't, we get discounts on the

300
00:19:54,504 --> 00:19:56,024
bill. I don't really see the problem.

301
00:19:56,904 --> 00:20:01,884
Thank you, Nunji. It's or Nunj. Nunj. I really appreciate that perspective.

302
00:20:02,064 --> 00:20:06,864
Like initially, I had a very visceral, like gross. I would never let them touch my thermostat.

303
00:20:06,864 --> 00:20:09,824
At but i don't know if i had the context i'd let you adjust it

304
00:20:09,824 --> 00:20:12,904
i think i would bet we have more hell

305
00:20:12,904 --> 00:20:15,624
knows out there but how much money are

306
00:20:15,624 --> 00:20:19,904
we talking you know i mean can you stack a few more stats with the savings like

307
00:20:19,904 --> 00:20:23,804
what are we what are we talking about here let's let's talk business i also

308
00:20:23,804 --> 00:20:27,284
i wish i wish and maybe yours isn't i wish it didn't have to be the nest you

309
00:20:27,284 --> 00:20:31,064
know because then there's that whole google tie-in it has a lot of sensors i

310
00:20:31,064 --> 00:20:34,644
think i'd prefer it be something Something less tied to Google.

311
00:20:35,124 --> 00:20:40,084
I'm curious how you feel about that. Bitcoin Lizard comes in with 50,000 sats. Pew, pew, pew.

312
00:20:40,504 --> 00:20:43,464
Hell yeah. I appreciate the time and effort you put into this production.

313
00:20:43,644 --> 00:20:46,524
I don't always boost, but my sat streaming is always enabled.

314
00:20:46,724 --> 00:20:48,984
Right on. Thank you very much for that.

315
00:20:49,644 --> 00:20:51,524
Everything's under control. We really appreciate that.

316
00:20:52,544 --> 00:20:54,804
When I say we, I mean me and that soundboard guy.

317
00:20:57,184 --> 00:20:58,624
Thank you, Bitcoin Lizard.

318
00:20:59,681 --> 00:21:03,521
Lazy Locks comes in with 20,000 sats. Coming in hot with the booms.

319
00:21:04,241 --> 00:21:06,921
Thanks for bringing us the Bitcoin news. Lazy Locks, thanks for bringing the.

320
00:21:06,921 --> 00:21:09,241
Value. Really appreciate that. Hmm.

321
00:21:10,181 --> 00:21:14,481
Jim Mahole? B-O-O-S-T. Ju-hu-imile.

322
00:21:14,761 --> 00:21:18,901
No, it's probably not. Imile. How about that? 20,000 sats. No message.

323
00:21:18,981 --> 00:21:21,721
But I want to shout out. We got a few nice boosts, but no message.

324
00:21:21,761 --> 00:21:24,821
Thank you, everybody, this week. I really appreciate that.

325
00:21:25,421 --> 00:21:30,621
Golf Winch comes in with 6,777 sats. Fun will now commence.

326
00:21:30,821 --> 00:21:33,821
Love the podcast. Please donate or boost whatever you can to help this benevolent

327
00:21:33,821 --> 00:21:35,521
gentleman. Ah, thank you for the visibility.

328
00:21:36,261 --> 00:21:40,941
Yes, when you boost in, it helps us on the fountain charts, and we did really great this week.

329
00:21:41,721 --> 00:21:45,261
I think this last episode, I think, got to number one on the fountain charts

330
00:21:45,261 --> 00:21:48,441
because of your support, which means a lot more people found us,

331
00:21:48,561 --> 00:21:52,941
including some folks out in the industry I really respect, I believe,

332
00:21:52,981 --> 00:21:53,821
found the show this week.

333
00:21:53,941 --> 00:21:56,961
So it's really kind of awesome. Some people that I follow for their analysis

334
00:21:56,961 --> 00:22:00,621
and their takes are now listening to the show to hear my analysis and my take.

335
00:22:00,841 --> 00:22:05,061
And I think they found the show because of your support in the boost getting this up on the charts.

336
00:22:05,481 --> 00:22:07,541
I mean, it's just so awesome. So great.

337
00:22:08,241 --> 00:22:11,501
Ready One, take four, comes in with 10,000 sats.

338
00:22:11,661 --> 00:22:15,601
That's not possible. Nothing can do that. It's right there. It's right there.

339
00:22:15,681 --> 00:22:17,241
And he just writes, boost.

340
00:22:17,841 --> 00:22:19,521
Thank you, Ready One, take four.

341
00:22:20,221 --> 00:22:23,801
Appreciate it. Chao Wing Wang comes in with Herodux.

342
00:22:25,381 --> 00:22:28,541
2,222 sats. Just saying thanks. Cheers.

343
00:22:29,161 --> 00:22:32,761
Mr. Pibb comes in with a Jar Jar Boost, 5,000 sats. You're so boost.

344
00:22:33,201 --> 00:22:34,241
Thanks, Chris. Keep them coming.

345
00:22:34,321 --> 00:22:37,121
Thank you, Mr. Pibb. Thank you for that value. Really appreciate it.

346
00:22:38,581 --> 00:22:42,361
Oppie1984 comes in with 4,000 sats. Coming in hot with the boost.

347
00:22:42,661 --> 00:22:47,821
The issue with the, quote, oh, I was asking about the range of mesh networks.

348
00:22:47,901 --> 00:22:50,521
He says, the issue with what is the range, it depends on several factors.

349
00:22:51,795 --> 00:22:54,935
Judging range of devices, you have terrain, obstructions, and of course the

350
00:22:54,935 --> 00:22:57,315
decibels of the antenna, the height of the antenna, etc.

351
00:22:57,575 --> 00:23:01,355
From what I've seen, roof-mounted antenna on average on a two-story home can

352
00:23:01,355 --> 00:23:05,235
get somewhere between three to five miles in a relatively level urban environment.

353
00:23:05,835 --> 00:23:07,615
Oh, it's anything but level.

354
00:23:08,315 --> 00:23:12,735
And lots of trees, too. This area of the Pacific Northwest has hills and trees everywhere.

355
00:23:13,455 --> 00:23:17,335
But other nodes can relay messages at higher-placed nodes.

356
00:23:17,535 --> 00:23:21,755
Ah, they get much better range. A stream reports of getting around 100 miles

357
00:23:21,755 --> 00:23:25,415
using mountaintop nodes. So anything is possible. Google is your friend on this.

358
00:23:25,695 --> 00:23:29,935
Now, we might have some mountaintop nodes. That could be a thing. Or some hilltop nodes.

359
00:23:30,755 --> 00:23:35,715
All right. I am very excited about this idea of creating some sort of backup

360
00:23:35,715 --> 00:23:40,535
communications network between, like, home, the studio, and where my kids are.

361
00:23:40,595 --> 00:23:44,915
Which is kind of like this, I don't know, 40-mile, 35, 45-mile,

362
00:23:44,915 --> 00:23:49,115
I don't know what it is, stretch of I-5 kind of corridor. corridor in the slightly

363
00:23:49,115 --> 00:23:53,375
east or west of that corridor, that would be, that'd be really great.

364
00:23:53,455 --> 00:23:56,835
You know, it's just something like we're prone to earthquakes and volcanoes.

365
00:23:58,275 --> 00:24:01,215
I know. I know. It sounds, sounds like a great place to live.

366
00:24:01,715 --> 00:24:05,575
Podhome, our show sponsor comes in with 11,000 sats. The traders love the vol.

367
00:24:05,915 --> 00:24:07,075
Validation boost. Ah ha ha.

368
00:24:07,775 --> 00:24:09,755
Thank you, Barry. Appreciate that.

369
00:24:10,727 --> 00:24:13,047
Gene Bean comes in with a whole bunch of ducks.

370
00:24:17,287 --> 00:24:21,087
It's across four different booths. He says, as always, I appreciate the info and the coverage.

371
00:24:21,547 --> 00:24:25,067
If you want off-grid communications options, you really need to think about

372
00:24:25,067 --> 00:24:26,307
becoming a ham operator.

373
00:24:27,067 --> 00:24:31,787
I know. I know. I don't want to get licensed, man. I don't want to have to be

374
00:24:31,787 --> 00:24:34,747
tested, man. I don't want the man telling me, man.

375
00:24:35,747 --> 00:24:39,147
Is that stupid or what? But it's true. That's partially it.

376
00:24:39,147 --> 00:24:42,907
It like if i could just pick it up and start playing with it for a year and then go take a test,

377
00:24:43,567 --> 00:24:46,727
and like validate that i can make it work and that i like it that it's worth

378
00:24:46,727 --> 00:24:50,507
it and that my family will use it then i'd be like heck yeah i'll go get my

379
00:24:50,507 --> 00:24:54,407
ham license but i don't even know if that's all going to be the case if i got

380
00:24:54,407 --> 00:24:59,367
my ham license he links me to a honeywell he might like uh thank you very much

381
00:24:59,367 --> 00:25:02,767
i'll put a link to that in the notes too it's an affiliate link for uh gene bean but,

382
00:25:03,247 --> 00:25:06,367
he's a great supporter of the show kick a little value back i'll put his he's

383
00:25:06,367 --> 00:25:09,067
got a honeywell and And I won't read the model number, but I will link to this

384
00:25:09,067 --> 00:25:10,807
in the show notes that he recommends because he owns.

385
00:25:11,207 --> 00:25:14,747
And he thinks, given the show length, how much in streaming stats would you

386
00:25:14,747 --> 00:25:17,687
feel is providing sustainable sponsorship to keep the show going?

387
00:25:18,307 --> 00:25:21,207
He says, unlike last week, I don't always have something to say,

388
00:25:21,267 --> 00:25:25,427
but I listen and get great value. You know, this week we had several folks boost in with no message.

389
00:25:26,007 --> 00:25:29,507
I don't always call those out just for time, but still really appreciate it.

390
00:25:29,527 --> 00:25:30,487
It's still nice to see you.

391
00:25:30,887 --> 00:25:36,067
It's hard to say on the streaming stats. I feel like it's such a personal judgment thing.

392
00:25:37,767 --> 00:25:40,767
Hmm. I wonder. I'd be curious to know what people think about that.

393
00:25:41,327 --> 00:25:42,927
What is the standard streaming SAT amount?

394
00:25:43,987 --> 00:25:47,647
That's a great question. BTC Realist comes in with 5,000 SATs. You're supposed.

395
00:25:48,587 --> 00:25:51,467
Jeff in California pointed me here. Ask him about his ASIC. What?

396
00:25:51,567 --> 00:25:53,247
Listener Jeff has an ASIC? What?

397
00:25:53,767 --> 00:25:56,247
Nice work. I think that must be the Jeff he's talking about.

398
00:25:56,307 --> 00:25:58,507
There's clearly only one Jeff in California.

399
00:26:01,307 --> 00:26:05,527
Green everett comes in with 3,333 sats

400
00:26:05,527 --> 00:26:10,647
hey look at that let's give it a make it so make it so i just did a major price

401
00:26:10,647 --> 00:26:16,667
shakeout we haven't seen a real cycle dip yet we usually get a 30 dip or three

402
00:26:16,667 --> 00:26:21,867
on the way to a new cycle high too early to make this call what call did i make what call did i make,

403
00:26:22,844 --> 00:26:25,864
I think, you know, every time I kind of glance towards like,

404
00:26:25,924 --> 00:26:28,844
hey, these are some things that are impacting the Bitcoin price right now.

405
00:26:28,924 --> 00:26:32,364
I generally never call out what price I think we're going to be at because how the hell would I know?

406
00:26:33,064 --> 00:26:36,484
What I usually say is it looks like whatever is going on, we're either just

407
00:26:36,484 --> 00:26:38,384
beginning, we're midway through, or we're almost through.

408
00:26:39,484 --> 00:26:43,404
It's hard to say how far we're through on the German government selling thousands

409
00:26:43,404 --> 00:26:46,024
and tens of thousands of coins and the Mt.

410
00:26:46,044 --> 00:26:49,124
Gox trickle feeding everybody until October.

411
00:26:49,864 --> 00:26:54,324
It's really hard to say how long that's going to go. So it just puts downward pressure on the price.

412
00:26:54,724 --> 00:26:58,004
If you think about it, it's for every seller, there's a buyer.

413
00:26:58,124 --> 00:27:00,664
So we need to just maintain a certain price pressure.

414
00:27:01,084 --> 00:27:03,924
And other buying could come in that does that. We won't know.

415
00:27:04,284 --> 00:27:08,464
I think if a Fed rate cut in September becomes more and more likely,

416
00:27:08,624 --> 00:27:13,344
you'll probably start seeing the price pre-pump regardless of these sell-offs.

417
00:27:13,344 --> 00:27:16,464
But this kind of stuff are these are overhangs

418
00:27:16,464 --> 00:27:19,244
these this stuff needed to be cleared out it was always going

419
00:27:19,244 --> 00:27:22,624
to be cleared out and doesn't change any of the fundamentals about

420
00:27:22,624 --> 00:27:27,604
bitcoin it's just simply excess supply on the market right now and that's just

421
00:27:27,604 --> 00:27:32,804
how a free market works we want it to work this way this is a good thing right

422
00:27:32,804 --> 00:27:36,884
and you could look at it as there's more sats available for you right now because

423
00:27:36,884 --> 00:27:41,164
if there's going to be a point where we'll dream of the day it was under $100,000.

424
00:27:41,504 --> 00:27:45,864
So I don't look at this stuff in a one-week time slice very often.

425
00:27:45,944 --> 00:27:49,064
What I look at is the things that are either breaking, accumulating,

426
00:27:49,064 --> 00:27:52,864
or changing within the week that are kind of bending the future direction of Bitcoin.

427
00:27:53,304 --> 00:27:59,184
And you can sometimes get some price, I think, estimates based on what that

428
00:27:59,184 --> 00:28:00,344
might be, but not always.

429
00:28:00,704 --> 00:28:04,964
So I generally don't, never really make price calls because how the hell would I know?

430
00:28:05,204 --> 00:28:10,644
If I had it my way, it'd be $5,000, be $100, you know?

431
00:28:11,024 --> 00:28:18,504
I found pictures this week where I was mining in 2011 where the block reward was 50 at a time.

432
00:28:19,044 --> 00:28:23,544
So sometimes I wish I had a time machine. Oh, more ducks!

433
00:28:26,684 --> 00:28:29,804
Hey, Sockerman's back again with Value for Value episode 15 boost.

434
00:28:29,944 --> 00:28:31,364
Thank you, sir. Appreciate that.

435
00:28:31,804 --> 00:28:39,604
Listener Jeff comes in with a Spaceballs boost, $12,345. So the culmination is 1, 2, 3, 4, 5.

436
00:28:39,884 --> 00:28:43,384
See, now, Jeff, he's on the other side of this thermostat issue.

437
00:28:43,444 --> 00:28:46,504
He says, I would never let the utility control anything in my home.

438
00:28:46,764 --> 00:28:49,944
They don't know what temp my thermostat needs to be set actually to cool my

439
00:28:49,944 --> 00:28:51,524
home so I can comfortably sleep.

440
00:28:52,184 --> 00:28:55,904
Power sovereignty is something we should be all deeply considering as well.

441
00:28:56,244 --> 00:28:59,684
It is not easy, but the utility grid should be our backup.

442
00:29:00,969 --> 00:29:04,549
I'll say that part again. He says, the utility grid should be our backup.

443
00:29:05,429 --> 00:29:10,049
Your Venstar reset. Yeah. Yeah, my Venstar, which is my kind of like nest alternative.

444
00:29:10,269 --> 00:29:12,129
It's a Venstar thermostat that reset on me.

445
00:29:13,209 --> 00:29:16,429
Oh, here's, he says, yes, I got my hands on a miner. Thanks for another listener

446
00:29:16,429 --> 00:29:19,169
and a local friend. I'll report back when I get it running. All right.

447
00:29:20,409 --> 00:29:24,169
There we go. We closed the loop on that one right there. So listener,

448
00:29:24,269 --> 00:29:27,709
that was, he was talking about listener Jeff, and we will hear more about his miner.

449
00:29:28,469 --> 00:29:31,649
So Jeff's point about power sovereignty is an interesting one,

450
00:29:31,729 --> 00:29:34,429
and it's one that made me realize I actually am an EV customer.

451
00:29:35,049 --> 00:29:39,369
I'm just not an EV customer right now. None of the current EVs really appeal

452
00:29:39,369 --> 00:29:41,669
to me. I want a really basic model.

453
00:29:41,789 --> 00:29:46,669
Like if they had an EV out there that had roll-up windows and just like a crank

454
00:29:46,669 --> 00:29:51,649
fan knob like you used to have back in the 90s or the 80s with a really crappy

455
00:29:51,649 --> 00:29:56,709
stereo and an aux in and an analog dash, I would buy that EV.

456
00:29:56,709 --> 00:30:00,449
I don't want all the creepy tracking stuff and I don't want all the tech touch

457
00:30:00,449 --> 00:30:02,929
button stuff that's going to fail one day or no longer get updates.

458
00:30:03,529 --> 00:30:07,749
I just want something that I can charge myself because I have got solar on my

459
00:30:07,749 --> 00:30:11,869
rig and at certain points of the day, I've got excess energy and I could just

460
00:30:11,869 --> 00:30:14,209
dump that into a car battery for free.

461
00:30:14,469 --> 00:30:18,089
And nobody could ever take that away from me, but they could disable my debit

462
00:30:18,089 --> 00:30:19,709
card and I wouldn't be able to buy fuel.

463
00:30:20,189 --> 00:30:23,649
So if I ever had to escape Washington, you know, you think I'm joking,

464
00:30:23,729 --> 00:30:27,009
but like, what if, like, what if lockdowns came back? and you decided you didn't

465
00:30:27,009 --> 00:30:28,989
want to stay in the state that was going to go really extreme.

466
00:30:29,389 --> 00:30:31,549
Something like that could happen. Bird flu goes crazy.

467
00:30:32,389 --> 00:30:34,869
Lockdowns get issued. I decide I'm taking the family to Idaho.

468
00:30:35,229 --> 00:30:39,289
I'm going to load up the RV, pull up the jacks, bring in the slides. We're driving to Idaho.

469
00:30:39,829 --> 00:30:42,889
Except for I can't because my debit card no longer works because I'm using it

470
00:30:42,889 --> 00:30:45,169
at a fuel station and I'm not supposed to be out on the road right now.

471
00:30:45,629 --> 00:30:49,029
That sounds like a crazy sci-fi horrible future.

472
00:30:49,629 --> 00:30:52,549
And it also sounds like a story I could tell you that's happening in China right now.

473
00:30:53,596 --> 00:30:57,516
So it's not that far-fetched, especially in a CBDC future. So power sovereignty,

474
00:30:57,736 --> 00:30:59,376
I think, is actually a big topic.

475
00:30:59,496 --> 00:31:02,136
I just, I don't know if it fits within the context of this show,

476
00:31:02,216 --> 00:31:03,596
but it's one I strongly agree with.

477
00:31:04,236 --> 00:31:06,076
Thank you, Jeff. Appreciate that boost.

478
00:31:07,496 --> 00:31:12,176
Dexor comes in with 4,567 sats. Heck yeah.

479
00:31:12,496 --> 00:31:15,716
Everything's under control. And also, why not a... This is the way. Why not?

480
00:31:16,316 --> 00:31:20,696
He says, I agree with the other booster. This is definitely a top-tier podcast, if a bit too short.

481
00:31:21,136 --> 00:31:24,636
Oh, wow. Wow, if anything, I've been thinking it's been going too long recently.

482
00:31:25,176 --> 00:31:28,316
Maybe that means it's just right. I appreciate the boost.

483
00:31:29,536 --> 00:31:34,736
Adversary 17's back, 16,348 sats. There's coffee in that nebula.

484
00:31:35,556 --> 00:31:40,436
Thank you, 17, says another great episode. I wanted to pull a couple of the below 2,000.

485
00:31:40,476 --> 00:31:43,816
I appreciate all the boosts, so you are welcome to boost whatever amount you want.

486
00:31:43,996 --> 00:31:48,176
I do a 2,000-sat cutoff mostly just for time's sake, right? But I wanted to

487
00:31:48,176 --> 00:31:50,476
pull a couple forward this week because I do read them all.

488
00:31:51,196 --> 00:31:54,516
Southern Fried Sassafras comes in and wanted to boost for Signal and says,

489
00:31:54,716 --> 00:31:58,736
if I have any thoughts on the Chevron deference decision impact on the crypto

490
00:31:58,736 --> 00:32:00,836
business and Bitcoin specifically.

491
00:32:01,336 --> 00:32:06,956
I have just a very rough early take. And so I would really appreciate anyone else's opinion.

492
00:32:07,536 --> 00:32:12,796
But to me, it seems like a net positive here. A lot of this was regulatory.

493
00:32:13,556 --> 00:32:17,816
I don't want to overreach feels like the cliche term, but, you know,

494
00:32:17,816 --> 00:32:21,476
an interpretation in their most empowering way, I suppose,

495
00:32:21,656 --> 00:32:25,816
and they're able to use that to essentially wield regulation through enforcement,

496
00:32:25,996 --> 00:32:28,696
feels like that role is really going to slow now.

497
00:32:28,776 --> 00:32:32,736
Could be wrong there, because the reality is, in most cases,

498
00:32:32,796 --> 00:32:37,616
the judges are still going to just decide to go with whatever the regulatory

499
00:32:37,616 --> 00:32:40,296
agency believes the interpretation is.

500
00:32:40,336 --> 00:32:43,236
It's not like that's going to completely stop. There's still precedent to do that.

501
00:32:43,516 --> 00:32:46,736
It means the judge has more leeway now.

502
00:32:46,956 --> 00:32:49,676
And they have more options now when interpreting a decision,

503
00:32:50,196 --> 00:32:53,036
but it doesn't mean that it's necessarily going to change what they ultimately

504
00:32:53,036 --> 00:32:55,676
do, which is side with their other government buddies.

505
00:32:56,096 --> 00:33:00,676
I know, three branches and all that. But I think it is a net positive,

506
00:33:00,776 --> 00:33:06,056
but maybe not as big of a positive development as a Bitcoin social might have you believe.

507
00:33:06,436 --> 00:33:10,516
And then also, I wanted to just give a shout out to Abel James. This is so awesome.

508
00:33:11,476 --> 00:33:15,696
If the name Abel James rings a bell, Well, that was a value for value song that

509
00:33:15,696 --> 00:33:19,816
we featured on the show last week or the week before, I believe.

510
00:33:21,256 --> 00:33:25,496
And it's live while I'm alive. And it's now number one on the charts after getting

511
00:33:25,496 --> 00:33:27,076
it kicked off here on this week in Bitcoin.

512
00:33:27,196 --> 00:33:30,076
So thank you, everybody, who also boosts during the music playback.

513
00:33:30,656 --> 00:33:34,816
You're making not only a difference for the show's discovery, but you also put a new.

514
00:33:34,916 --> 00:33:37,396
Well, I don't know if they're new, but you put a value for value music artist,

515
00:33:37,516 --> 00:33:40,676
the number one on the number one track on Fountain for the week as well.

516
00:33:40,976 --> 00:33:47,376
Pretty damn good week. And why is it? Because we had 28 boosters across 33 boosts

517
00:33:47,376 --> 00:33:52,196
in total, and we stacked 383,520 sats.

518
00:33:52,240 --> 00:33:58,960
Music.

519
00:33:59,669 --> 00:34:03,089
Thank you, everybody. Really appreciate that. It's a lot of ducks.

520
00:34:05,209 --> 00:34:09,089
If you'd like to boost, you can get a new podcast app. There's a lot of great apps.

521
00:34:09,329 --> 00:34:12,809
Fountain FM is crushing it. Cast-O-Matic is like the Cadillac on iOS.

522
00:34:13,009 --> 00:34:16,609
And Podverse is the GPL app that's cross-platform, including the web.

523
00:34:16,749 --> 00:34:20,729
You can also boost from the Fountain FM website if you just find This Week in Bitcoin on there.

524
00:34:20,949 --> 00:34:24,669
Thank you, everybody who does that. Really appreciate it. That was a great turnout.

525
00:34:24,829 --> 00:34:27,729
Some great conversations. conversations, I feel like I get some of the most

526
00:34:27,729 --> 00:34:29,049
thought-provoking boosts here, too.

527
00:34:29,209 --> 00:34:32,009
Makes me think about stuff that I have to roll in my head for like the rest

528
00:34:32,009 --> 00:34:34,429
of the week in a good way, not complaining at all.

529
00:34:35,600 --> 00:34:45,360
Music.

530
00:34:36,589 --> 00:34:39,489
Thank you. Appreciate it. Helps the show a lot.

531
00:34:41,809 --> 00:34:43,449
And I'd love to hear from you next week, too.

532
00:34:46,129 --> 00:34:49,069
All right, I have some quick mining updates for you.

533
00:34:49,789 --> 00:34:56,949
Australia-based Bitcoin miner Iris Energy announced a $413 million raise through

534
00:34:56,949 --> 00:35:00,809
stock offerings since mid-May. They're expanding, expanding, expanding.

535
00:35:01,449 --> 00:35:04,449
They are a Bitcoin and energy technology firm now.

536
00:35:04,569 --> 00:35:07,849
And then CleanSpark, which we've talked about, I believe, once on the show,

537
00:35:07,929 --> 00:35:10,289
has acquired Grid. We've mentioned this before.

538
00:35:11,129 --> 00:35:17,249
But the company announced it has achieved a hash rate of 20.4 exahash post-merger, I believe.

539
00:35:17,709 --> 00:35:20,709
That's amazing now, combining all of their exahash together.

540
00:35:20,709 --> 00:35:25,989
So I think if they're already making that claim, I take that as things are moving right along.

541
00:35:26,569 --> 00:35:30,929
And then Riot. Riot had a banger of a month in June.

542
00:35:31,029 --> 00:35:34,729
They deployed more hash in one month than I think any miner in history.

543
00:35:34,929 --> 00:35:37,369
And they released a celebratory video.

544
00:35:37,869 --> 00:35:40,849
It's, you know, it is what it is, but I want to play it for you.

545
00:35:45,149 --> 00:35:50,789
Hi, my name is Jason Less. and today I'm extremely proud to report that not

546
00:35:50,789 --> 00:35:56,869
only has Riot successfully hit its second quarter growth target of 21.4 exahash,

547
00:35:57,029 --> 00:36:01,969
but we've exceeded it now with 22 exahash online and operational.

548
00:36:06,049 --> 00:36:10,909
Riot deployed an astounding 7.3 exahash during the month of June.

549
00:36:11,049 --> 00:36:15,889
That's an approximately 50% increase in deployed hash rate in a single month.

550
00:36:16,049 --> 00:36:22,529
This is more hash rate than has ever been deployed by a publicly traded miner in a single month.

551
00:36:22,709 --> 00:36:27,629
Even more impressive, most of this hash rate was deployed in just the last few days.

552
00:36:27,969 --> 00:36:32,549
All 7.3x hash deployed is now online and operational.

553
00:36:32,929 --> 00:36:38,849
What this means is that in the past few months, we've deployed 10x a hash of

554
00:36:38,849 --> 00:36:44,409
latest generation miners and almost doubled our deployed hash rate so far this year.

555
00:36:44,560 --> 00:36:50,160
Music.

556
00:36:50,005 --> 00:36:54,125
This new hashrate was deployed at locations across our two facilities,

557
00:36:54,425 --> 00:36:59,185
specifically the completion of Building A1 at our Corsicana facility,

558
00:36:59,565 --> 00:37:03,805
the near completion of Building A2 at our Corsicana facility,

559
00:37:04,185 --> 00:37:08,505
the deployment of miners in new capacity at our Rockdale facility,

560
00:37:08,825 --> 00:37:12,705
and the redeployment of new miners also at our Rockdale facilities.

561
00:37:15,605 --> 00:37:19,405
We are incredibly proud of what we've accomplished this month.

562
00:37:19,645 --> 00:37:25,005
Reaching this monumental milestone for Riot is only possible thanks to the incredibly

563
00:37:25,005 --> 00:37:30,305
hardworking teams we have working around the clock to get Hashrate energized and online.

564
00:37:30,685 --> 00:37:35,605
Riot has the most experienced team in the industry when it comes to developing

565
00:37:35,605 --> 00:37:38,945
and deploying industrial scale Bitcoin mining facilities.

566
00:37:38,945 --> 00:37:42,205
Facilities i'm immensely grateful for their dedication and

567
00:37:42,205 --> 00:37:44,905
hard work and i know you are as well you know i find it

568
00:37:44,905 --> 00:37:48,305
kind of funny like um they are in this weird position of

569
00:37:48,305 --> 00:37:51,165
very much being in an exahash race and

570
00:37:51,165 --> 00:37:54,825
wanting to brag about it while also not drawing too much attention to how much

571
00:37:54,825 --> 00:38:01,105
power they're using but their facilities are gorgeous riots video oh man oh

572
00:38:01,105 --> 00:38:05,565
if i can find a link to the video online i will post for you because just the

573
00:38:05,565 --> 00:38:08,445
facilities they look like they're They're data centers from the future.

574
00:38:08,945 --> 00:38:12,405
And I'm sure they're showing us their best stuff. But, oh, boy, they look so good.

575
00:38:12,905 --> 00:38:15,065
It's really cool to see that in a Bitcoin data center, you know?

576
00:38:15,165 --> 00:38:19,705
It just looks sharp. You know, people there doing work in a clean environment, good jobs.

577
00:38:20,345 --> 00:38:23,625
You'll love to see it. I got some hot goss for you.

578
00:38:24,547 --> 00:38:30,447
This is kind of silly, but everybody's talking about who a new mysterious buyer might be.

579
00:38:31,107 --> 00:38:35,607
And Mikey Saylor is no longer the big Mike in the Bitcoin community.

580
00:38:35,847 --> 00:38:38,387
We all have a new Mike that we're much more excited about.

581
00:38:38,687 --> 00:38:41,747
Michael Dell put out a tweet. He put out a poll.

582
00:38:41,887 --> 00:38:45,967
Did you hear about this? And in this poll, he asked, what is the most important

583
00:38:45,967 --> 00:38:47,247
thing to you in your life?

584
00:38:47,407 --> 00:38:49,707
Is it Bitcoin? Is it AI?

585
00:38:50,047 --> 00:38:54,307
Is it love and relationships or none of the above? uh 43 said

586
00:38:54,307 --> 00:38:57,227
bitcoin 39 said love and

587
00:38:57,227 --> 00:38:59,987
relationships but i mean clearly a lot of bitcoin

588
00:38:59,987 --> 00:39:02,887
aficionados like michael saylor dropped in and probably

589
00:39:02,887 --> 00:39:06,627
punched that up but you've got michael dell as a multi-billionaire and

590
00:39:06,627 --> 00:39:10,327
then you've got people who are just regular folks yeah michael dell's been on

591
00:39:10,327 --> 00:39:16,427
twitter tweet tweeting posting uh about bitcoin for a few weeks now trying to

592
00:39:16,427 --> 00:39:21,267
stir everybody up and uh he did a poll and everybody said bitcoin was the most

593
00:39:21,267 --> 00:39:23,567
important thing over love and happiness or something like that.

594
00:39:23,587 --> 00:39:26,567
I'm sure it's people just, you know, engagement farming with him.

595
00:39:27,107 --> 00:39:30,867
Sony also seems to be getting ready to launch a Bitcoin and quote crypto exchange

596
00:39:30,867 --> 00:39:33,307
in Japan. Yeah, Sony, that Sony.

597
00:39:34,067 --> 00:39:40,187
They bought a exchange called Amber. And I guess maybe they're tweaking the name.

598
00:39:40,247 --> 00:39:43,767
They're going to have an app and Sony is going to have an exchange that they're going to run.

599
00:39:44,027 --> 00:39:47,947
That's one of the other things that people are gossiping about in the Bitcoin community right now.

600
00:39:49,427 --> 00:39:52,427
Whatever. I think it's going to be Japan only, so I probably won't have much

601
00:39:52,427 --> 00:39:56,167
more information on it for you. Oh, there it is. There's the Rust.

602
00:39:59,507 --> 00:40:02,507
Project updates for you. And the first one is a Rust app.

603
00:40:02,807 --> 00:40:08,867
I think it's pronounced Lampo, L-A-M-P-O, and it is a high-performance Bolt

604
00:40:08,867 --> 00:40:10,847
12-supporting lightning node.

605
00:40:11,047 --> 00:40:15,027
Yes, a new lightning node written in Rust. I know what you're thinking.

606
00:40:16,337 --> 00:40:19,377
Why another Lightning node? Well, they address that in their documentation.

607
00:40:19,377 --> 00:40:24,157
They say, quote, while there are already well-known Lightning implementations

608
00:40:24,157 --> 00:40:30,537
like CoreLightning, LND, and Eclair, none are open-source implementations of the node using LDK.

609
00:40:30,877 --> 00:40:33,597
That is the super-fast Rust implementation.

610
00:40:34,077 --> 00:40:38,297
They go on to say, moreover, there currently exists no true Bitcoin Core equivalent

611
00:40:38,297 --> 00:40:39,277
in the Lightning domain.

612
00:40:39,437 --> 00:40:42,757
That is because all existing implementations are company-driven.

613
00:40:43,617 --> 00:40:47,797
Often shaped by specific business requirements. So I'll give that a little bit of a ding.

614
00:40:48,377 --> 00:40:52,417
So this is new, but it has a plug-in system, kind of like some of the others

615
00:40:52,417 --> 00:40:54,677
do, but it looks like a pretty well-designed one.

616
00:40:55,117 --> 00:40:58,937
It is extremely performant. It has a lot of nice features. I'll link to it in

617
00:40:58,937 --> 00:40:59,777
the notes if you're curious.

618
00:41:00,537 --> 00:41:04,497
It's early, but I wanted to just bring it to your attention. Lampo, L-A-M-P-O.

619
00:41:05,237 --> 00:41:07,777
Probably saying it wrong. Have you ever heard anybody say it out loud?

620
00:41:07,917 --> 00:41:11,337
Because I haven't, so I don't know how you say it. But it looks like it could

621
00:41:11,337 --> 00:41:17,437
be a killer, lightweight, fast, run-on-your-own-node Lightning implementation.

622
00:41:17,937 --> 00:41:20,837
You know, like it could see L&D works great for service providers,

623
00:41:21,337 --> 00:41:23,257
liquidity providers, etc.

624
00:41:24,117 --> 00:41:27,737
There's several options. But I could see something like Lambo working really

625
00:41:27,737 --> 00:41:31,457
well for those of us that want something lean, mean with Bolt 12 support.

626
00:41:31,637 --> 00:41:34,057
We're going to talk more about Bolt 12 in a moment. But I also wanted to bring

627
00:41:34,057 --> 00:41:35,917
Harbor to your attention.

628
00:41:36,677 --> 00:41:40,057
Harbor is something on the other side of Lightning. It's an e-cash management

629
00:41:40,057 --> 00:41:42,937
tool by the folks that make the Mutiny Wallet for the desktop,

630
00:41:43,097 --> 00:41:45,457
though. Harbor is an e-cash desktop wallet.

631
00:41:46,117 --> 00:41:48,917
They write, you can use this tool to interact with e-cash mints,

632
00:41:49,037 --> 00:41:52,337
moving money in and out using existing Bitcoin wallets.

633
00:41:52,777 --> 00:41:56,097
As you use mints, you may be able to increase the privacy of your money.

634
00:41:56,197 --> 00:42:01,417
Harbor also aims to demystify e-cash mints for users and make them easier to use.

635
00:42:01,517 --> 00:42:03,777
So it's Harbor e-cash management tool.

636
00:42:04,157 --> 00:42:07,597
It is not yet released as a binary because it is early days.

637
00:42:08,397 --> 00:42:11,357
But if you would like to play with it, maybe help them test,

638
00:42:11,537 --> 00:42:13,197
there are build instructions on their GitHub.

639
00:42:13,897 --> 00:42:18,257
And of course, one day, no doubt, they will have binaries available for your

640
00:42:18,257 --> 00:42:19,317
operating system of choice.

641
00:42:21,077 --> 00:42:27,757
All right, so Bolt 12. Bolt 12 is a upgrade, I guess, proposal to the Lightning

642
00:42:27,757 --> 00:42:31,177
Network that is starting to see more and more adoption, specifically this week.

643
00:42:31,757 --> 00:42:36,097
The new website, bolt12.org, got a lot of promotion this week.

644
00:42:36,097 --> 00:42:40,397
It's beautiful, explains very simply what Bolt 12 is, but I'll give it a shot.

645
00:42:40,737 --> 00:42:44,617
I think that for users for users, things like reusable payments,

646
00:42:44,717 --> 00:42:50,057
you can generate one QR code, a business code or a tip jar, or on your website

647
00:42:50,057 --> 00:42:55,617
and users can use that QR code over and over again because they have reusable payments. That's.

648
00:42:57,280 --> 00:43:02,440
Better privacy for end users in here with Bolt 12's route blinding.

649
00:43:02,760 --> 00:43:07,180
You can accept payments discreetly, securely. You don't have to reveal the sender's identity.

650
00:43:07,760 --> 00:43:10,060
And then there's another feature because you know how I always tell you,

651
00:43:10,080 --> 00:43:15,480
if you are going to DCA on a KYC platform, you got to use one that has lightning support.

652
00:43:15,680 --> 00:43:17,920
That gives you optionality and some privacy.

653
00:43:18,560 --> 00:43:22,940
Well, Bolt 12 has an auto-withdrawal type feature, which is really slick, right?

654
00:43:23,000 --> 00:43:26,000
When you combine reusable addresses on lightning and auto-withdrawal,

655
00:43:26,000 --> 00:43:30,220
You could go to a platform like, say, Swan or River or Strike and say,

656
00:43:30,260 --> 00:43:35,580
when my balance gets to XYZ number, whatever, automatically withdraw it.

657
00:43:35,740 --> 00:43:40,420
And that's built in and really nice. But on the other side, you need application support.

658
00:43:40,640 --> 00:43:44,060
So Bolt 12 adds these things. There's some controversy to everything,

659
00:43:44,260 --> 00:43:46,600
but this is how end users are going to perceive it.

660
00:43:47,100 --> 00:43:52,120
Then you need the application. So things like Zeus version 0.9 are going to have Bolt 12 support.

661
00:43:52,840 --> 00:43:55,660
And they'll be taking advantage of another feature in Bolt 12.

662
00:43:55,660 --> 00:43:59,240
They write, we'll be providing Bolt 12 lightning addresses in-app for free,

663
00:43:59,280 --> 00:44:01,300
courtesy of our friends at 12.cash.

664
00:44:01,900 --> 00:44:07,180
And 12.cash is another one of these sites slash services that's working with Bolt 12.

665
00:44:07,700 --> 00:44:12,400
And they let you choose a username. And then you have a username at 12.cash.

666
00:44:12,600 --> 00:44:17,940
And when people send money to that username, it goes to an actual Bitcoin payment address.

667
00:44:18,600 --> 00:44:21,540
So you're going to be able to have friendly names for lightning addresses now.

668
00:44:21,540 --> 00:44:24,940
Yeah. And Phoenix Wallet also has a new major release coming out.

669
00:44:25,360 --> 00:44:28,260
They're supporting the non-expiring payment requests. They're supporting the

670
00:44:28,260 --> 00:44:33,480
contact list stuff and attaching messages to payments, which is a big deal.

671
00:44:33,520 --> 00:44:35,240
You can see how Boost could benefit from that too.

672
00:44:35,760 --> 00:44:38,840
So Bolt 12, it's kind of a big deal for Lightning.

673
00:44:39,020 --> 00:44:42,560
It's being positioned as like the next big upgrade for end users.

674
00:44:42,680 --> 00:44:45,180
And you can see why there's a lot of stuff in here that's appealing to end users.

675
00:44:45,740 --> 00:44:50,620
And this new site, bolt12.org, real easy to read. So they're doing a fantastic job.

676
00:44:51,540 --> 00:44:53,100
I don't have a strong opinion on Bolt 12.

677
00:44:54,435 --> 00:44:56,595
Because I've kind of cooled a little bit on Lightning. I still find Lightning

678
00:44:56,595 --> 00:44:59,315
to be very useful, but more as a backend infrastructure.

679
00:44:59,595 --> 00:45:03,115
This could help with some of that, though. So, you know, I suppose things can change.

680
00:45:08,115 --> 00:45:11,115
All right, I wanted to do a little follow-up, because I just said something

681
00:45:11,115 --> 00:45:15,675
off the top of my head last week, and I wanted to actually come back and have the data this week.

682
00:45:16,475 --> 00:45:18,915
I don't mean to do it, but sometimes, you know, I get talking.

683
00:45:19,435 --> 00:45:22,995
So I said something about the amount of Bitcoin required to buy a house last

684
00:45:22,995 --> 00:45:23,755
week. I don't know if you recall.

685
00:45:24,435 --> 00:45:28,675
And I went and found out what the median house prices in Bitcoin are over the

686
00:45:28,675 --> 00:45:29,795
years and got the numbers for you.

687
00:45:30,235 --> 00:45:40,675
So in 2012, the median US house cost 50,616 Bitcoin, 50,000.6 Bitcoin.

688
00:45:41,255 --> 00:45:43,615
In 2013, that came down to 19.

689
00:45:44,395 --> 00:45:48,335
Then in 2014, that dropped to 351. That was a really good year.

690
00:45:48,435 --> 00:45:51,695
In 2015, it was 901. So we went back up, we're quite a little more Bitcoin.

691
00:45:52,395 --> 00:45:56,515
But as you move forward, some years it requires a little more Bitcoin,

692
00:45:56,815 --> 00:45:58,115
other years a little bit less.

693
00:45:58,915 --> 00:46:03,475
You know, 2018, 24 Bitcoin to buy a house. But then, that was 2018.

694
00:46:03,635 --> 00:46:07,935
But then in 2019, it costs you more, 84 Bitcoin, right? Kind of goes up and down.

695
00:46:08,355 --> 00:46:12,815
But overall, the trend line starts to get better. In 2021, it costs 10 Bitcoin.

696
00:46:13,095 --> 00:46:16,755
2022, it costs 20 Bitcoin. All right, oh, that's a doubling.

697
00:46:17,095 --> 00:46:21,995
But if you go back five years, right, it was 600. And in 2024,

698
00:46:22,315 --> 00:46:26,855
it now cost seven Bitcoin to buy the average U.S. house.

699
00:46:27,215 --> 00:46:31,235
And that's while house prices are going crazy.

700
00:46:33,091 --> 00:46:36,011
Going well i mean you know okay they slowed a little bit but you

701
00:46:36,011 --> 00:46:40,251
know like in the last since the pandemic they went bonkers in 2022

702
00:46:40,251 --> 00:46:47,431
20 bitcoin 2023 14 bitcoin 2024 7 bitcoin do you understand what's happening

703
00:46:47,431 --> 00:46:58,051
here that's hard money in 2012 50 000 bitcoin in 2024 7 bitcoin the trend is clear,

704
00:46:58,611 --> 00:47:03,191
and when you measure it in something like a house i just think that that lands

705
00:47:03,191 --> 00:47:07,151
differently than when you measure it in fiat directly okay all right all right

706
00:47:07,151 --> 00:47:09,551
i think did i make my point i just find that to be really fascinating if you

707
00:47:09,551 --> 00:47:13,251
have other sat stats sat stats like that send them in to me.

708
00:47:14,211 --> 00:47:17,931
Let me know i i find that stuff fascinating there's some website i used to use

709
00:47:17,931 --> 00:47:21,791
too that could that show you like hey if you bought a playstation well you would

710
00:47:21,791 --> 00:47:24,131
you'd have this much money if you would have bought bitcoin instead there's

711
00:47:24,131 --> 00:47:26,351
like websites that used to do that i I don't know if they're still out there,

712
00:47:26,411 --> 00:47:30,431
but it just helps me think, helps me keep my perspective,

713
00:47:30,911 --> 00:47:36,591
think a little bit longer term, more than just six months, a couple of quarters,

714
00:47:36,691 --> 00:47:38,451
and I think more like six years.

715
00:47:39,331 --> 00:47:42,151
And it's really obvious. Okay, I have one last clip for you.

716
00:47:42,391 --> 00:47:45,411
I'm going to apologize ahead of time. This one's a little obnoxious.

717
00:47:45,411 --> 00:47:51,571
This is about as obnoxious as I get, but I want you inside the mind of a crypto predator. editor.

718
00:47:52,111 --> 00:47:58,331
If we were to get a Fed-induced mania, if they start lowering the rates and

719
00:47:58,331 --> 00:48:02,631
M2 supply continues to go up and that starts to work its way through the system,

720
00:48:03,151 --> 00:48:06,311
the scam coins are going to be just ridiculous this time around.

721
00:48:06,491 --> 00:48:09,991
Ridiculous. And it clearly seems to be celebrity scam coins.

722
00:48:10,151 --> 00:48:11,351
Those are the really big ones.

723
00:48:11,911 --> 00:48:16,991
Well, Andrew Tate gives us a master class on altcoin pump and dumps.

724
00:48:17,631 --> 00:48:20,391
Listen to this and tell me this isn't going

725
00:48:20,391 --> 00:48:24,551
to suck in at least a few suckers now regarding

726
00:48:24,551 --> 00:48:27,191
the real world token i'm going to do a full white paper on that and

727
00:48:27,191 --> 00:48:30,071
explain it all but i want you guys to understand the utility of this token

728
00:48:30,071 --> 00:48:33,631
this token is going to be backed by the profits of the real world uh

729
00:48:33,631 --> 00:48:37,531
real world i believe is his education uh platform where

730
00:48:37,531 --> 00:48:40,311
i guess he educates you on the real world i couldn't tell you

731
00:48:40,311 --> 00:48:47,011
i will give him credit um this is a video that i'm listening to and he's sitting

732
00:48:47,011 --> 00:48:50,971
in the video with his shirt off and he's getting a massage while he's telling

733
00:48:50,971 --> 00:48:56,571
you about his altcoin that is powered by profits from his training platform

734
00:48:56,571 --> 00:48:58,271
because he's so generous.

735
00:48:58,351 --> 00:49:02,011
He's just going to put all the money from something that makes money. Oh!

736
00:49:03,294 --> 00:49:06,134
In fact, this is why I wanted you to hear this. Listen to the logic.

737
00:49:06,414 --> 00:49:09,594
This is going to be a huge thing with real world assets as well.

738
00:49:10,254 --> 00:49:13,774
See, this is something that's based in the real world, something that really makes money.

739
00:49:14,314 --> 00:49:19,074
That's why it has value, right? This fiat thinking. Listen to the fiat thinking

740
00:49:19,074 --> 00:49:21,654
where he tries to explain to you why it's worth something.

741
00:49:21,854 --> 00:49:26,534
The real world as an entity generates around $20 million a month probably profit.

742
00:49:27,174 --> 00:49:30,014
Probably. It's all going to be pushed back into the token. So depending how

743
00:49:30,014 --> 00:49:32,714
much of the token you own depends how much of the real world you own.

744
00:49:32,714 --> 00:49:35,514
If you own 1% of the token supply, you own 1% of the real world.

745
00:49:35,554 --> 00:49:38,114
If you own 10%, you own 10% of the real world, which is $2 million a month.

746
00:49:38,314 --> 00:49:41,214
So you're going to be able to stake it based on the profit the real world generates.

747
00:49:41,894 --> 00:49:46,314
So it's effectively being able to purchase and get control of a percentage of

748
00:49:46,314 --> 00:49:49,174
the largest online educational platform in history.

749
00:49:49,674 --> 00:49:54,214
And I'm doing this because I'm doing this as a lesson.

750
00:49:54,334 --> 00:49:57,414
Because Tristan just said something fantastic there. even with

751
00:49:57,414 --> 00:50:01,014
prior warning that you will have a chance to

752
00:50:01,014 --> 00:50:05,934
own a company which is revolutionizing the educational space university.com

753
00:50:05,934 --> 00:50:09,534
join the real world.com game over matrix.com we

754
00:50:09,534 --> 00:50:12,394
have the best domains with the largest online school in

755
00:50:12,394 --> 00:50:15,094
history come on guys you're not going to miss out an opportunity with the best

756
00:50:15,094 --> 00:50:17,734
domains are you come on he's warning you it's such a

757
00:50:17,734 --> 00:50:20,454
great opportunity you see you see how they get in

758
00:50:20,454 --> 00:50:23,414
your head here and obviously we're coming with shields

759
00:50:23,414 --> 00:50:26,094
up so we know what to expect that somebody who

760
00:50:26,094 --> 00:50:28,874
follows him you know somebody's already kind of sucked into his

761
00:50:28,874 --> 00:50:31,554
platform all you have to do is pick up rocks and wait for

762
00:50:31,554 --> 00:50:35,194
them to turn into diamonds we have warned you in advance to pick up rocks we

763
00:50:35,194 --> 00:50:38,054
told you to pick them up you didn't listen now we're telling you they're going

764
00:50:38,054 --> 00:50:41,114
to turn into diamonds it is more important than ever you get your power level

765
00:50:41,114 --> 00:50:44,974
up it's extremely important gotta get your power level up guys it's like super

766
00:50:44,974 --> 00:50:48,454
important right now andrew says your power level is going to directly reflect

767
00:50:48,454 --> 00:50:50,434
the amount you're You're rewarded in the airdrop,

768
00:50:50,454 --> 00:50:54,694
and daddy will be stakeable so that you can get more inside of the real-world token airdrop.

769
00:50:54,834 --> 00:50:58,814
Okay, so you got to have good power level, so that way you get the airdrop.

770
00:50:58,854 --> 00:50:59,754
That's what makes it fair.

771
00:51:00,154 --> 00:51:03,314
And then, you know, how much daddy you got does something.

772
00:51:03,894 --> 00:51:07,634
Rewarded in the airdrop, and daddy will be stakeable so that you can get more

773
00:51:07,634 --> 00:51:09,094
inside of the real-world token airdrop.

774
00:51:09,214 --> 00:51:12,754
And then you'll be able to own a percentage of the largest online school in the world.

775
00:51:12,754 --> 00:51:16,174
So if you get rocks and turn them into diamonds when he's telling you to,

776
00:51:16,274 --> 00:51:20,754
and then, you know, you do something with your power-ups, then you get the airdrop,

777
00:51:20,754 --> 00:51:23,174
that makes it fair, and then if you stake your daddy,

778
00:51:23,374 --> 00:51:29,434
somehow you're gonna get, oh, I see, the daddy's stake is paid by the profits of real world.

779
00:51:30,400 --> 00:51:34,640
Which is his training platform that has the best domains. It doesn't matter about crypto.

780
00:51:35,000 --> 00:51:37,820
Crypto could blow up tomorrow. They could make some ridiculous legislation,

781
00:51:38,020 --> 00:51:39,640
which won't happen. Crypto is here to stay.

782
00:51:39,800 --> 00:51:42,120
It could blow up tomorrow. They could make some ridiculous legislation,

783
00:51:42,380 --> 00:51:47,160
but it won't happen. My point is, once you own a percentage of a real cash generating business.

784
00:51:47,520 --> 00:51:49,500
Ah, based on something real, you see.

785
00:51:49,960 --> 00:51:52,760
Ah, the fiat thinking. You're rich forever.

786
00:51:53,240 --> 00:51:57,320
That's it. It's done. You own 10% of the largest university in the world. You're rich forever.

787
00:51:57,620 --> 00:52:00,140
Oh, you're going to, if you get it, guys, Guys, if you pick up these rocks before

788
00:52:00,140 --> 00:52:04,020
they turn into diamonds and then get your power up so that way you get the airdrop,

789
00:52:04,040 --> 00:52:06,680
which makes it fair, so that way you can stake your daddy token,

790
00:52:06,780 --> 00:52:10,120
so that way you get rewards in the terms of staking percentages,

791
00:52:10,260 --> 00:52:12,520
I guess, you'll be rich forever. It's finished.

792
00:52:13,000 --> 00:52:16,340
So that's why when I release this white paper in 72 hours. Oh,

793
00:52:16,340 --> 00:52:18,660
he's going to. OK, so he's going to have the. He's just so excited.

794
00:52:18,900 --> 00:52:22,680
He had to get on the air while he's getting a massage and tell you about this

795
00:52:22,680 --> 00:52:24,680
before he had a chance to write the white paper. But, you know,

796
00:52:24,700 --> 00:52:26,420
he's going to bang that thing out.

797
00:52:26,480 --> 00:52:28,920
Largest university in the world. You're rich forever. It's finished.

798
00:52:29,340 --> 00:52:33,120
So that's why when I release this white paper in 72 hours, I do not want any

799
00:52:33,120 --> 00:52:36,960
of my students crying or complaining that they weren't warned and didn't have an unfair advantage.

800
00:52:37,620 --> 00:52:41,560
There you go. You better get on the bandwagon, guys. I warned you about the rocks.

801
00:52:44,860 --> 00:52:48,860
It's going to be the season of celebrity scams. You know, it's going to,

802
00:52:48,860 --> 00:52:50,480
you know, they're all going to turn

803
00:52:50,480 --> 00:52:53,760
into shit coin scammers at some point because it's like, I don't know.

804
00:52:53,780 --> 00:52:56,440
They're not making, I don't know if his, if his thing's making so much money,

805
00:52:56,440 --> 00:52:58,540
then why does he need to do this? He's making 20 million. I don't know.

806
00:52:58,620 --> 00:53:01,020
Just that that part's never made sense to me.

807
00:53:01,600 --> 00:53:04,680
I'll try to put links to everything I can inside everything I can in the show

808
00:53:04,680 --> 00:53:07,740
notes. You can find those at this week in Bitcoin show.

809
00:53:08,080 --> 00:53:10,800
And please do boost and it supports the show. It helps discovery.

810
00:53:11,080 --> 00:53:15,340
And also, I just love getting your feedback in here. You could also share the show with somebody.

811
00:53:15,500 --> 00:53:18,380
You know, why not share it with somebody who might be interested in this stuff?

812
00:53:18,440 --> 00:53:19,620
That also is a great way to help.

813
00:53:19,820 --> 00:53:22,140
I do want to warn you, I'm planning a summer break.

814
00:53:22,720 --> 00:53:26,580
Everything going is planned. I should be back next week. I say should because

815
00:53:26,580 --> 00:53:28,280
we're packing, you know, it's getting crazy.

816
00:53:28,620 --> 00:53:33,240
And then I'm going to be off for two weeks in July, taking the family to Montana.

817
00:53:34,020 --> 00:53:38,240
I will have some recording gear. So I suppose if something real crazy went down,

818
00:53:38,280 --> 00:53:40,360
I might bust out like an emergency episode.

819
00:53:40,440 --> 00:53:43,900
But otherwise, I'm planning to take a couple of weeks off after next week.

820
00:53:43,940 --> 00:53:45,020
So I should be back next week.

821
00:53:45,580 --> 00:53:49,040
And we'll do one more episode together before I go on a summer break.

822
00:53:49,560 --> 00:53:54,980
When I head out to Montana, I'm going to hold a meetup. So if you're in the

823
00:53:54,980 --> 00:54:00,700
Spokane area, Saturday, July 13th, come hang out at the Nolai Brewery at 4 p.m.

824
00:54:01,240 --> 00:54:06,120
I have details at meetup.com slash jupiterbroadcasting. And I'd love to see you there.

825
00:54:06,540 --> 00:54:09,520
I'm gonna leave you with a Value for Value track. You know I love to do it,

826
00:54:09,520 --> 00:54:11,960
and there's so many great songs out in the Valueverse.

827
00:54:12,320 --> 00:54:15,280
And one of my favorite artists out there has a song that I think you're gonna

828
00:54:15,280 --> 00:54:20,100
love. It's Charlie by Curtis Drums, and I'll see you right back here next week.

829
00:54:20,080 --> 00:55:53,887
Music.