Live from Fled Lab in Austin, Texas, this is Stacker News Live!
hello ladies and gentlemen we'll go back to another exciting episode of stacker news live
my name is car with my bff keyon keyon how was your week hi my week was good um yep things were
were happening many things i just put a new piece of nicotine gum in i'm ready to go
this weekend. How about you, Carr?
You're ready to go, you said.
That's right.
Why did you say you're ready to go?
What?
Why did you say you're ready to go?
Because we're about to do a podcast.
And so I wanted to indicate to both you
and anyone who hasn't already stopped watching
because of how poor this first segment went
that I'm ready for it.
I'm prepared.
See, you're supposed to keep stalling until...
I'm not a professional podcaster,
so I don't know how this works.
See, I'm always doing this in the beginning,
and then you're supposed to keep stalling
just long enough to when I look up,
and then I do this,
and then you say,
how's your week, Carr?
And then I go,
it's fantastic, Keon.
We're doing all this amazing stuff this week,
and then we talk.
I didn't realize this is a problem.
performance review that's how that that's how that goes this is a performance review for
for my boss that's funny uh no it's been good dude i feel like i've been on a media blitz this week
you've been on a what a media blitz this week a media what a media blitz oh uh i was on bitcoin
news on monday i was on green candle on monday then i was uh we had an early days episode that
got released we'll talk about later then uh we just did a lightning lounge with lightning ventures
um and then that just happened here on friday and what else happened why are you on a media
bullets are you promoting we're promoting we're promoting startup day uh yucatan that's happening
in the meridia meridia meridia where's that that's in the yucatan but where's the yucatan
like what part of mexico mexico mexico i know apparently it's like right next to the water
okay but it's all next to water
except the part that isn't
let's google it let's see if we can find it
the Yucatan is I believe
eastern Mexico
yeah it's right here look
there it goes it's all this
yeah so it's Cancun
so we're over here Austin
we're gonna go
right here
you guys should have called it
startup day
Cancun
yeah i don't know if anybody would have showed up for that they've been like these guys just
want to go party no but that's exactly why people show that's why people go to conferences i don't
know if you've been to them but no it's a start start at yucatan um and it's gonna be in meridia
which is this one right here and then we're gonna go to the beach progresso but yeah it's gonna take
place here there's gonna be pyramids when is it okay october well it's coming up soon it's very
soon yeah me and francisco are freaking out a little bit yeah if you head over to let me see
if i can go there you can go to startup is it startup day yeah it's startup day if you go here
to startup day and to the uh this website if you go here boom 40 days left wow that's so soon how
much are you charging people uh we're not charging that much actually compared to other conferences
we're not charging that much so let me see yeah it's 2.99 and then it's 1.99 if you're a local so
not that much okay it's pretty good i think it's pretty good look we even have uh i saw the video
yeah look at that it's right there it's pretty cool what are you excited like what are you
excited about with um the conference like i'm excited because uh we got uh we got some we got
francisco doing the keynote we have uh we have runster doing uh doing the closing presentation
that's gonna be awesome we got jippy with some announcement cascaded we're gonna have some more
announcements we got the musman showing up we got topher scott we got katie we got quentin there
we got we got so many people wesley i mean we're gonna be adding more it's gonna be awesome okay
you're still booking speakers we're still booking everything you should even have places that uh
accept bitcoin there too look at that oh cool you guys did that do they i think they're gonna be i
don't know if i can say this yet but i think they're gonna be taking um something related to
something that's getting announced there i can't say that was completely unhelpful um
i can't announce it i want to ruin somebody's announcement surprised uh did you guys invite
max to speak like how did he even think about that i don't know why why francisco wouldn't have
i mean i'm sure i don't know i don't know maybe he spent a lot of time in mexico we got sacker
news as a sponsor look at that oh we got we got report indigo they're a they're a media we got
Bitcoin News, Bitcoin Beach.
Look at that.
Yopaki, Green Candle.
That's the whole thing, Keon.
You're invited, too, if you want to come speak.
But I know you don't leave your office.
Oh, I mean, I don't know what's going on in October.
Maybe I'll come.
I told Francisco.
Oh, really?
We'll see.
I don't know.
Dang, dude.
That'd be awesome if you come.
Yeah, I have to kind of figure out my life.
But, yeah.
I mean, dude, that would be big if you come.
I never invite you anymore because you're always like, eh.
I like, but I like getting invited.
So if you don't mind me saying no to things, please invite me to things.
I love saying no.
I love being invited.
I don't enjoy saying no.
I'm formally inviting you to come speak and present at the Yucatan.
I probably won't go, but thanks.
We'll see.
I wouldn't want to speak.
If you've never seen this crazy show before called Stacker News Live,
We cover the top front page of Bitcoin every week on snacker.news.
We got Wumble doing all the clips.
He's going through our old clips because we're going to be doing a DVD release by TabConf is what we agreed on.
We're going to do the first 100 episodes.
It's going to be a DVD release.
So he's going through all our old videos and he's clipping them and we're going to make a montage.
I mean, why don't we just go real like real odd and go like mini disc?
We don't do a DVD.
we do it many days he did ask he's like are you sure you want to do a dvd release sounds like yeah
i think it's cool uh we'll have a digital release i'm sure too but like i don't know i think a dvd
release makes sense um and then uh yeah yeah so you're gonna see some old clips show up um you'll
see them and then yeah check it out hit subscribe do all that kind of stuff how's our david bailey
podcast a clip doing is it oh i invited him to the conference by the way oh did he say what did
he said he never responded back oh hey man i kept my i kept my word okay well um it's doing pretty
good um let's jump into the top five stories of the week the number five top story of the week
is home bitcoin mining the real solar boom and national security this is from what is that broccoli
broccoli 11 comments 11 700 sets broccoli for your glasses again yeah it's too cold
too too cool is that what that says that's what that says it's like a a really poor spelling of
too cool oh cool yeah um i don't know exactly who this was intended for i think they they
mentioned me in another place where they were planning on sending it to friends
but it seemed like it was sort of like it concludes by uh saying that government should
support uh bitcoin mining by like having tax incentives such that uh we get more bitcoin
they get more bitcoin miners because it helps with um decentralizing the grid uh and like building up
a like a resilient um energy grid also helping with like green energy basically like incentivize
their citizens to kind of provide their own power for themselves say that again you said government
should tax Bitcoin miners?
No, should give Bitcoin miners tax incentives.
Oh, okay.
Yeah.
They were to do that in Texas, don't they?
I actually don't know.
But that's kind of how this concludes.
But a lot of it before is talking about
the diversity of energy sources
that Bitcoin miners use
and how it is often a very,
like a green-seeking power consumer
and how Bitcoin miners are an alternative to batteries
and how bad batteries are for the environment.
It comes at it from sort of an energy resilience perspective
and an environmental perspective.
And then I think it is a pretty...
I didn't even consider that if I were like a small country or even a state that I could, that I might have like self-interest in convincing my citizenry to Bitcoin mine more.
That it might serve me as a politician or a person who cares about my country or state to mine more.
And I thought it was a pretty well laid out argument.
And it has lots of citations so that, you know, there's not just making stuff up.
It seemed like they were prepared to really share this
with maybe a local council person or something.
Yeah.
I thought it was awesome.
This is actually, I don't want to dox the person,
but this is a stacker who we've covered
who writes on stacker news occasionally.
Oh, cool.
Yeah.
Sounds great.
One of the top comments that we got from Hasher Stacker said,
Solo Miner found a block.
Better check if it was my bid-axe.
cool i really got nothing to say okay yeah check it out stackers if you want to know
more information about uh home bitcoin mining the real solar boom and national security
um yeah also i parker i was i ran into parker this afternoon he he's doing a lot of he's doing
a bitcoin um mining podcast so definitely check that out oh he started one or he's he's been
doing one and oh he was telling me about it today so what's it called um parker lewis bitcoin mining
podcast i think really that's like what you'd name it if you just check it out it's on tftc
on a show like this i mean it's parker lewis of bitcoin money he knows it really well so just
check it out it's on tftc so oh okay so it's maybe squirties we can drop it and you have to
see turn it into a production company like that like a like a podcast network i don't know but
if it's parker talking about mining it's going to be good so yeah i like listening to parker
but check it out um yeah if you're interested in all that stuff the kind of like a sailor
where i feel like it's easy easy listening you know definitely the next top story is do you see
this in your country grocery stores price items to confuse shoppers this is um signal 312 27
having comments 1752 sats kia we just lost the two remaining listeners that we have
why is there so much ground beef
uh i don't think that's what this post is about this post is about how
a lot of ground beef dude it is a lot of ground look ted look at this ground beef dude why is
There's so much ground beef.
Damn, that's a lot of ground beef.
Oh, is that what that says?
What does Molita mean?
Oh, no.
Undisciplined.
If you're listening to this, what does Molita mean?
Gardening.
That means meat.
Molita.
Oh, maybe that's ground.
That makes sense.
Meat grounded.
Yeah.
Anyways.
Are you done?
What do you mean?
I don't know what you're doing.
the show well like are you not entertained i'm just kidding dude 42 for a 10 pound ground beef
i'm not paying those prices all right go for it kian i'm sorry okay yeah so uh signal 312 i guess
went to our local walmart and noticed that this is walmart this is at walmart this is why you have
quantities have you never bought a round of beef i would never buy ground beef from walmart shame
where do you buy ground beef from i wouldn't buy from walmart
oh um would you yeah why not ted would you buy a ground beef from walmart
well where what's wrong with walmart's ground beef uh everything
jump on the jump on the mic ted jump on the mic please thank you
i'll just talk about a steak in general which is um i used to get steak from walmart or sam and
everything else and then i went to the other store now they're very biased because this is a butcher
who you know like they're trying to sell me a more expensive cut a steak so you know considering
that he said basically everything that you would not want to eat like all the bad things you've
heard about factory farming obviously is delivered to walmart like walmart is the worst the worst in
terms of most mass production, eating corn instead of grass that screws up the digestive
system.
It's coming from overseas.
It's coming from Brazil and other places versus locally.
And they're all doing this for economies of scale and everything else.
It's the worst of the worst.
It's the worst of the worst, exactly.
Yeah, but not necessarily the worst of the worst in terms of your health, unless you
believe that factory farming equates to poor health for you.
Well, I believe that their cost, like they're trying to optimize for cost.
Yes.
So, which is dangerous.
Kind of believe that that probably is like, I just sort of believe that that's not always in line with, you know, what's most healthy when it comes to things like corn.
Like I don't really mind GMO because it's bigger.
And like, I don't think that it's always at odds, but it seems to me like it can't always be aligned.
the cost optimization and the health optimization.
Okay. No, that makes a lot of sense.
Incentives might be especially misaligned somewhere like Walmart.
And that's the basis of making that decision rather than you once found a
children's shoe and a thing of ground beef you got from Walmart.
No, but one time I bit into a burger and there was a sharp metal screw in my
burger.
I believe it.
Yeah. I bit into it.
I believe it.
I was fine.
What about, what do you think about HEB?
because you haven't been here that long in in texas we have them in colorado oh you do what do
you think about h-e-b great i think h-e-b is great i think their food is great but i don't really know
you know you just go in you kind of trust is the problem with all the institutions breaking down
is that we're like losing our ability to trust that if i go in the store and has xyz certification
well now i'm like those are all bullshit they're probably probably even worse just because it has
the certification from what johnny tells me johnny tells me that h-e-b's legit from what johnny
tells me i trust johnny yeah i trust johnny too i'd rather buy it from johnny's shop though from
what he tells me so be nice if us as consumers didn't have to go through all this work to like
verify like i can't be a food expert and also a self-defense expert and also a you know legal
expert i can't be all these things we kind of have to because of the boomers oh it's the boomers
I mean is it not the boomers fault
it's ever I mean I mean tell it tell it Ted
I mean tell it tell it Ted I wouldn't
blame it on the boomers I mean who else fault
is it who else fault is it I think
it's part it's just a
natural like emergent complexity
or emergent thing that happens
in societies that they rise and they
become more complex and then they kind of
simplify when they're more complex you can
rely on the institutions and then on the
opposite you become more automatized
you take more responsibility on your
self so it's not really i think the boomers kind of rode that last tail end yeah they benefited
yeah i don't think they rode it they're still on it yeah they're they're up there but they're
kind of like they're over the cliff and still running like that uh no they're not getting off
that cliff they're they're well they're well positioned to stay on that cliff well yeah but
bitcoin just deleted the ground well we'll see i think they're coming down are they i mean jimmy
seems to think that the dollar is going to stay around.
I don't think the dollar is going to last.
I think all that stuff is going to come down.
You think the dollar will stay around?
Save it.
Okay.
Strong dollar, strong boomer.
That's what we're thinking.
At least in our lifetimes.
Yeah.
Strong boomer, strong dollar.
Okay, so maybe strong dollar, strong boomer,
strong Bitcoin, strong lower generation class.
Strong money, strong men, strong men, strong society.
Or strong men to topple society.
Yeah.
Sounds good to me.
All right, what's this post about, Keon?
Jesus.
I feel like I'm in like, I don't know, like a car daydream right now, where it's just like we're going from one thing to another.
Got to keep the show interesting.
Oh, yeah.
So Signal 312 goes to their local Walmart and looks at the ground beef and is sort of upset by how the unit price differing between like a higher quantity roll of ground beef versus a lower quantity roll of ground beef.
doesn't match.
And so on the lower quantity roll of ground beef,
the five pounds, they see $4.99 per pound.
But when they go to the 10-pound roll,
the unit price is in ounces for some reason,
which is not helpful to anyone.
You would think that if Walmart cared about informing you
about prices, they would try to communicate to you
in the most effective way,
which in this case is probably the per pound price.
That's the price that I personally remember
what I'm trying to buy meat for cheap is like, how is this fluctuating over time? Is it on sale?
Whatever. So for some reason they're like obscuring it, the price of the 10 pound roll with the per
ounce price, which might be just like a programmatic thing that they're messing up or they're
trying to figure something out. But they say they see that over and over again.
They're doing two different things. Yeah. Where there's just like first, for whatever reason,
the unit price is messed up or like not confusing it or at the very low it's like not even consistent
you'd expect it to be consistent so there's something that's causing them to be inconsistent
and maybe walmart has some logic where it's like if something is priced over this you price it
per the smaller unit or if i i don't know i don't know what the reason behind it but they say
it also occurs in eggs if you go to eggs you'll pay sometimes see the unit price is per egg and
and sometimes it's per dozen.
But they kind of hint it.
Maybe it's the wholesale price, maybe?
Maybe that's because it's based on their palette, maybe?
Like how much they're buying it for?
Yeah, maybe if you have a very large quantity item,
like a 10-pound roll,
they think that people want to see the per ounce.
And that's like...
Well, maybe it's based off of what their unit cost is, maybe,
in their system.
Maybe that's how they think of it.
Maybe for the five-pound roll,
they pay something that isn't per ounce?
Yeah, maybe they're paying.
I mean, I don't know.
I'm guessing.
That's a fair estimation.
Maybe they're just passing on the same unit price
that they're paying per pound.
I don't know.
No, that could be it.
I suspect there's something like that
where I don't see a reason why they do this intentionally.
Yeah, I don't think they're trying to be nefarious or anything.
They're too busy for that.
Yeah, I don't even...
I mean, it could be something.
It's definitely confusing.
I mean, even on Amazon when I buy stuff, I get kind of upset.
Yeah, I definitely think they're just too busy for that.
I think it more has to do with just their ordering system.
Yeah.
Anyway.
It's all just automated.
So Signal asks other stackers if they see this themselves.
Yeah, what did they say?
Yes, some people do see it,
mostly because of the difference between American units
and European ones.
And then Optimism says that when they were in Europe,
it's a lot easier because everything is just base 10,
which is nice.
I always forget how many ounces there are in a pound, for instance.
I mean, I know like at HEB,
you can literally just go up to the meat department
and just ask them.
I've done that before, like at the deli.
We're all asking between the prices after I taste the meat.
That's why I love HEB.
Oh, they let you taste meat?
Yeah, dude.
You never do that?
Can you take them a ribeye?
Do you go to H-E-B?
Or which one do you go to?
Or you go to Central.
You look like a Whole Foods, dude.
You go to Whole Foods, don't you?
I think I'm closest to Whole Foods.
But I have gone to H-E-B.
Yeah, I like going to H-E-B because you can talk to people and taste the food.
You can taste a ribeye, though?
You can take a ribeye?
No, no.
But you can go to the deli section when you're buying deli and cheese and stuff.
And then you can taste the meat.
And then you can ask them about the prices and stuff.
h-e-b's beef though i find not great relative oh you mean like the actual oh you mean like the raw
meat and stuff yeah if i'm buying raw meat which is usually the main thing i go to the grocery
store i mean i mainly do tacos anyway so i usually just use it i don't really make steaks
you know what i mean yeah what do you put in your talk i'm more of a taco guy yeah but what do you
put it you have meat in your tacos right yeah i use beef stew meat for tacos okay that you sue
yourself for you no no there's this thing called like beef stew meat and that's what i use for
tacos and then i just like dice it up and then that's what i use for tacos oh you can buy it
from them already cooked and you buy no no it's called like you got h-e-b it's called beef stew
meat and it's raw so you cook it's raw so you cook and then i dice it up even more to like make
some really good tacos okay so you're getting you're buying like a chuck roast which is cut up
into beef cube into stew beef stew cubes or no it's like on the package it says like beef stew
meat i know but that cut of beef that they're turning into beef stew meat is usually like oh
is it yeah it has like a it's a particular part of the cow that has a name so oftentimes it's um
yeah it's like a chuck roast or some other kind of roast like a london broil usually leaner meat
anyway yeah it's good okay um yeah usually do that or i get some like chicken dice it up
okay well getting hungry just thinking about it yeah what's this what does this mean
i don't know but it looks like arnold is that arnold schorzenegger it is wow i never saw him
with that haircut is this running man arnold schorzenegger i don't know it's definitely a
younger Arnold than today for sure.
Anyways,
good post. Got me thinking.
The next one is
Tether fun, unbelievable details part
dress dress.
Yeah, dress. This is from
scores be 14 comments, 12,000 sets.
What this camp Yeah so scores be assuming the series on Tether kind of covering them from their inception all the way until this most recent post which ends roughly I think around 2021
But this is roughly the period from 2016 to, I think, late 2020, early 2021.
A lot of this period of time is like the last bull market, or the bull market before last, like the 2017 run-up.
A lot of it is dedicated to a chapter in Tether's history where they are struggling to find banking partners.
and in this case they end up using one banking partner that has like a bunch of sub-entities but
mostly goes by a crypto capital corporation uh and it turns you know long story short
crypto capital corporation is sort of a fraud um tether doesn't have any contracts with them but
they are banking through them, giving them their customers fiat. Tether and Bitfinex are banking
through them and giving them their customers fiat, expecting their customers to be able to take out
withdrawals and put in deposits to get Tether and exchange money in and out. Eventually, what ends
up happening is the crypto capital corporation, they end up getting their assets frozen, I
believe, first in Portugal, but then in a bunch of other countries where they also stored
money under different entity names.
And then Tether tries to get their money back, struggles to get their money back, doesn't
And really, it turns out that the people that they were banking with were not honest and ended up stealing a lot of it.
One of the main characters ended up getting, I think in Poland, ended up getting imprisoned for basically stealing like $800 million from Finax and Tether.
I don't know what ended up happening to the money, if they got it back or whatever.
Anyway, this is all the detail of that, if you're into those kinds of things.
But apparently during this period of time, it was very hard for crypto companies to have any kind of legitimate bank account.
And so it sounds like what a lot of them did was outsource to entities like this.
Most of us have heard of Brock Pierce.
And he was, I think, somewhat of a banking partner involved in Tether around this period of time.
although it doesn't seem to have gotten caught up in this kind of stuff.
But if you were tethered during this period of time or any sort of exchange,
you probably had trouble getting U.S. bank accounts.
And so you'd end up sort of outsourcing to like a payment processor like Entity,
like Crypto Capital Corporation.
And they would set up, they would create companies in other countries or states
and then create bank accounts
and then would sort of abstract that
into being your payment processor.
And so if any one of those kind of banks got shut
or those accounts got shut down,
they could still process your payments.
That's what it roughly sounds like
is like there is some like shell game going on
to kind of hide that an exchange
was using US bank accounts.
And then eventually those countries
or the United States get wise to basically being a Tether bank account
and they freeze funds or shut them down or whatever.
And that's this kind of saga.
But you can see the juxtaposition between Tether informing their customers
that they have all the funds, they're all there, they're backed,
they're fully secured,
and transcripts that have been released
of Tether and Bitfinex executives
asking Crypto Capital Corporation
for their money back
because they really need it
because they can't get money to their customers.
It seems like there was a bit of a crunch
on Tether and Bitfinex during this period of time
where it seemed like they,
as a result of this banking freezing failure type of thing,
this robbery, that they might have gone out of business.
But they somehow recovered from it.
And part of that was, I think, Tether loaned Bitfinex money.
Yeah, Tether made a loan, like a $700 million loan to Bitfinex.
you know whether that was whether that was those tethers were printed being backed by something is
you know not something i think anyone definitively knows although uh you know fudsters would say
that uh it wasn't on those weren't those tethers weren't backed
anyway there's a bunch of detail in here that i'm struggling to cover uh but scores we did a great
job of covering it all i'm looking forward to like where we like as we get closer to the modern day
but i didn't miss a lot of the detail even to the modern day yet no no wow well i mean this is like
a decade tether's been around for over a decade so a rough i think maybe exactly roughly exactly a
decade but they it looks like it was you know a hard if we consider tether as as winning today
and being free and clear it was it was a hard thought win
what would you say you've like learned from all this just like reading through because you've
probably read all this right like what did you say what would you say you've learned reading
through all this because i haven't read this one i read the first one really thoroughly
and it read like a novel yeah i didn't read i read the second one a little bit and then
And it was just like, yeah, it was like the creature from Jack Weiland.
I didn't read this one at all because I was just like, okay, I can't do this anymore.
I'm just, my cup is full on this kind of stuff.
After a while, the darkness just gets too overwhelming for me and I need light.
I see.
Yeah, because I'm, yeah.
Yeah.
My cup is full.
But for you, you like this kind of stuff because you're.
Because my cup is empty.
um no it's just like you you you're you're the type of person that can can go in that and like
can come out the other side and still be like oh hey car what's going on like like nothing
i didn't see this as that well my i didn't even see this as that dark it did it did read like a
thriller like a yeah like a con like a con man kind of thriller because especially on the part
of their banking partners who were like lying to them about what was going on um my general
my general takeaway from all three parts so far is mostly how hard it is to be to be a bitcoin
company innovating so it's really you know if like you come if you're a bitcoin company is just doing
what everyone else has done and just like fought and like like a tether of the world has already
laid out the path the pathway for you to getting there um it's pretty easy but if you're the first
stablecoin how this this these are the details of how how much crap you have to go through
and you know me and you know it seems like possibly even tether wasn't being honest at
points like that's how hard it was for them is that they they maybe had to end up sort of
fudging or misleading you know sort of misleading misrepresenting things i don't know exactly no
one really knows but um but what but like i guess the question i have for you then like
why would you do that for fiat though for fiat what do you mean what do you mean for fiat because
you just said it right now like you're trying to be the first stable coin yeah i get i sense that
they thought it was good for it was i think they have a there's a lot of in here there's a lot of
conversations with um giancarlo who uh transcripts from conversations with her and he's talking about
the effect that Tether having problems or Bitfinex having problems will have on the entire crypto
industry. So I think Tether's view is that they are assisting the whole crypto economy.
They are a key player propping it up, helping it move along. And it shows in a lot of their actions
how supportive they seem to generally be of the broader ecosystem, especially Bitcoin stuff
and other privacy stuff. They're almost like siphoning money out of the fiat system and trying
to put in... Either they're guilt-washing the profits back into Bitcoin or it's just a side
effect or like a hobby i don't know um so i mean is it fair to say that that they wanted to be the
the money printer for the crypto industry i think they just saw an opportunity for like a probably
like a problem that a lot of their customers had where they couldn't get access to u.s dollars but
wanted them and they found a way that they could provide them to those customers and then they ran
with it and it just kind of you know snowballed into being what it is it's just like the product
market fit was insane and they just kind of followed it along they went along for the ride
yeah so it just kind of goes back to my original when we covered this the first time was just like
it just it feels like a modern day um era federal reserve like a version of it i guess like a new
version of the federal reserve it's more to me the federal reserve is like two there's too many
layers there it's more like a jp morgany type of story like uh you know a private bank a massive
private bank emerging in the modern era facility around crypto and bitcoin facilitated by new
technologies that the old banking system would not adopt that's kind of what it seems like yeah
interesting
yeah they're definitely going to write a
they're definitely going to what?
they're definitely going to make a Netflix movie out of this
they're going to come to Snacker News
and they're going to interview Scoresby
I'm sad there's no one
who's been sharing any of this stuff
oh dude they can't dude
oh but I bet you
I don't know if you still run analytics on
Snacker News or whatever
and you could see how many views
this particular post has gotten
but I would imagine
it's probably gotten a lot of views no we've been watching it they haven't been that's the thing is
like stackers have been looking at them a lot but we haven't seen them get shared very widely
um yeah because this is the thing that you're not supposed to talk about key on maybe just
i think maybe it's just like the information is too intense and it is sort of hard to look at
because it's like looking in the mirror and and you realize you're not supposed to gain a lot of
weight or something you're not supposed to talk about this this is the stuff that like in the
Bitcoin space, you're not supposed to talk about a few things.
And this is one of them.
It's like, you can talk about it at meetups.
It's really the thing that you're supposed to be like.
It's like, you know, you have a family.
And you know, you have those deep, dark secrets in your family.
And it's the stuff that maybe you and your sister talk about,
but you don't talk about it with the rest of your family.
Or maybe you and your younger brother talk about,
but you don't talk about it.
You know what I mean?
It's like kind of one of those things where like,
you don't talk about it with the rest of your family.
You talk about it with maybe like a couple of your siblings.
it's like one of those things like you don't talk about it with the whole why wouldn't you why don't
you talk about it it's like one of those it's like one of those like family secrets no but i get it
but like in this i'm getting more back to more of the concrete thing of tether why don't why wouldn't
i tell this to another bitcoin or like what's the reason for the person who doesn't want to tell us
to another bitcoin i think it's just kind of what we just talked about earlier like it's like uh
what kind of like what you said it's it's one of those things that's a very kind of uh
you know it drums up a lot of possibly finger pointing things there's just a lot of things
there that could you know possibly get certain people and a lot of I don't want to say these
words because I don't want I don't want to be that guy that people are like oh did you hear
what car said on saccharine's live can you believe he said that I don't want to be that guy Keon
quit making me be that guy i don't want to be that guy oh so you're so you're the guy who's not
talking about it now are you playing that guy no i don't want to be that guy i don't want to be that
guy that's that says can you believe car said that on stacker news live about that because i
don't want to be that guy like let the thing speak for itself but this is why people don't talk about
this stuff is because you're not supposed to talk about it you're not supposed to give bitcoin
negative press you're not supposed to talk about this stuff you're not supposed to give the ecosystem
you can talk about it if you want to go on the record talking about this stuff well i've already
been talking about it i just don't even understand this no i'm getting upset because like you're
trying to get me to say something that's salacious and i'm telling you like i don't want to talk
about it because this is the stuff that you're not supposed to talk about it's i'm trying to
giving you kind of giving you like a a thing that's very similar in a family like when you're
in a family you're there's certain things that you're not supposed to talk about because it's
like a deep family secret do you know what that is of course okay this is one of those things in
bitcoin you're not supposed to talk about yeah but it's i just don't understand like in a in a
family you don't talk about those things because you don't um you don't want to like maybe hurt
someone's feelings or you don't want to um but we're live for life to the internet so i'm just
wondering if it's like it's like it's like we're live to the internet broadcasting everybody at
home kian like you wouldn't disclose that to your entire family do you know what i'm saying
right so like so like by us talking about this is like is also that too like this is what this is
one of those things where you don't want to talk about these things and i don't want to go on the
record saying i get i'm not going to get me or pleb lab in trouble so you can talk about it
wearing a Sacker News hat and say- You're repeating yourself and I'm trying to make a-
Go ahead. Go ahead. I'm trying to say something. So I'm just trying to,
so you don't have to say anything. I'm not asking you to say anything. I'm just trying to understand
something. So is this, so we have the analogy of the family and the family has secrets and only
some of the family members know them and talk about them. And so they know them and they only
know them and talk about them because they don't want to hurt someone's feelings maybe,
or they know some of those family members have loose lips
and that other people hear about what's going on in their family
and they don't want other people to hear about what's going on in their family.
But there are many reasons why a family might keep a secret like that
and it might be sort of self-contained in a small group.
I'm just wondering what the reasoning here would be with regard to Tether
because as far as I can tell, there's nothing like that here that is that bad.
All of it is like, this is all public information. And I don't see, I don't see who this does harm to. Like, this is, this is a story of Tether kind of taking on a very hard path and succeeding and maybe making some sacrifices along the way and doing some things that are sort of, you know, illicit, I guess, or dishonest.
I don't really know. No one knows. But like that's it at worst. But they're well beyond that. It's like they've kind of time served. I don't know what would happen if it doesn't seem like anything bad would happen to this being out there now. So that's kind of my point. It's like, I don't get it. Why wouldn't we talk about it other than it's like maybe boring and like maybe as bad for Bitcoin's price. Like those are the only reasons why I can see why people wouldn't talk about it.
Well, you asked me, like, why is it being shared?
And I just told you why it's not being shared.
I know, but I'm trying to understand the why behind that why.
Like, it's not enough for me to say that.
When you say, like, people don't want to talk about it, it's like, why don't I want to talk about it?
That's my.
Yeah, and I'm not going to give you that salacious, like, reason.
That's what I'm trying to say.
Okay.
I think I get what you're getting at.
Yeah, because I could give you that, but I'm not going to give you that today.
i see because i know i think there are i think i've heard i could say that i could say these
things but i'm not i'm not going to do that because it's just like it's not worth it it's
like let somebody else say it yeah i think i think i really got in enough trouble this summer
there are people in the lab who are a little more conspiracy minded and they think they're like uh
that what happens when you talk about tether like this is they um is like tether's like a
like connected and and does like uh nefarious things like uh murder their critics and and
people who talk about these things are are putting themselves at physical risk
i don't know you're ready i just go to the next topic i just don't know if i buy it um
you're gonna be a topic next one they don't seem like that uh yeah okay the next one is i tipped a
magician in bitcoin this is from ketford 21 comments 1,725 sets key on what's this it's magic
yeah so ketford went to san francisco um and i guess they were on pier 39 which i believe
is fisherman's wharf i actually might be getting that wrong but i'm pretty sure it's like the
touristy it's a tourist place you go it's like the first time you go in there before yeah anyone
who's been to san francisco likely went to pier 39 fisher some of the nicest people are over there
the workers oh yeah i mean that definitely probably make a great living on the on the
pier there um yeah you can see uh seals and they have good good seafood there too yeah everyone
tells you to have you see food and you eat it clam chowder and a bread bowl that's kind of your
they have like oysters yeah the wax museum is near there i've never been to that yeah that's a
it's nice and creepy exactly how you'd expect it yeah i remember fishing it's very yeah it's a very
cool place anyway he was there and there was a street performer doing magic and i guess they did
they do like a full magic show um is what it sounds like and they do it for you know for free
on spec like they just do the show and then they ask you for um donations after the fact
and i guess the uh this this musician was willing to accept bitcoin as uh capford said one once he
finished he said he accepts cash cash out venmo and bitcoin and i guess he was very
he repeated bitcoin several times like as if he preferred it as the means of payment um
and so capford he'd really like to get one bitcoin yeah yeah of course hell yeah that's
you should do so so do we all um 21 get 21 bitcoin don't just score for one get 21 it's a
lot of bitcoin um you can get there anyway so Kepford uh tipped him in bitcoin uh I was kind
of curious whether he was using lightning or what he was using turns out it was on chain I think
Kepford said he it looked like he was using green wallet which I don't know what green wallet is
I'm not familiar
it sounds like blue wallet but it's not
it's green and blue and green
are different things so I'm pretty sure it's a different kind of wallet
but
Kepford said yeah I sent him on chain Bitcoin
and
pretty cool I hope he's
using addresses I hope he's
protecting his privacy like
a good magician
that's cool
there's a lot of people here in Austin that take Bitcoin
like all the pedicab drivers
random people that you run to
even some of the Uber drivers too
take Bitcoin if you ask them
because I think most of the cash apps
and I think all the Venmo
and even PayPal has Bitcoin now
they rolled out Bitcoin
so that's cool
good stuff man
love to see it
have you ever tipped
when was the last time you tipped somebody in Bitcoin?
I don't think
I mean
i i zap people bitcoin on stacker news obviously like recently like like a real
like a flesh and what about the guy who delivers the kombucha to you you never tip him in bitcoin
no i never i don't tip you don't tip him jeez well he's not he's he like works for a company that
does delivery it's like yeah he walks up yeah flights of stairs i don't think so i don't think
i've done i don't think i've done this maybe at a bar maybe back in like 2021 that was the last
time you tip somebody bitcoin like a human like a human being in person who wasn't a bitcoiner yeah
i think i try all the time downstairs at the at the capital one but they always say no
yeah i think it only took me like two fail like two failures where i i last last time i really
tried was that i was in miami or bitcoin conference there and i tried tipping the bell hop
in bitcoin i asked him if he'd accept bitcoin and he's like i'm an old man i don't accept i don't
know that stuff yeah somebody came into club lab and they're selling something with those pins and
then i bought it so i don't know if that counts but that was the last time i'm no that's not
they come in here and they're selling well that's that's kind of close i feel like it's close i don't
know i mean i don't consider spending bitcoin i think we're talking about like someone who was
When's the last time you spent Bitcoin?
I spent it right before this podcast.
I spent it all day long.
Oh, okay.
Well, there you go.
The number one story of the week is, wow, Luke is wrong.
Data carrier size was about OP return since Bitcoin Core version 0.10.0.
This is 9,711 sats, 10K boost, 18 comments from Peter Todd.
dude peter todd's dropping boost to get a point across is this true keon what's going on here
yeah uh i think he does i don't know if he got the number one story of the week
point well across yeah is luke actually wrong um i think he is wrong about
the historical meaning of data carrier and data carrier size as like if if luke ever said that
the intent behind these was to stop but had nothing to do with op return and had to do
with general data i think i think peter todd is right and that they were they do appear to be
specifically scoped to op return.
And so that's kind of what Peter Todd lays out here
is that he viewed some release notes from 2015
and found explicit references to data carrier,
whether you're going to allow op returns or not.
That is the configuration parameter there.
And then the size that you will allow
if you are allowing data carrier transactions.
So for the plebs at home and the stackers that are listening to this,
what are these two very smart men battling about?
Yeah.
On-chain data that is indirectly related to Bitcoin as money use cases.
Is this an argument that has been going on since 2015?
This is an argument probably going on since the very beginning to Bitcoin.
Peter Todd points out people putting data into blocks and people probably complaining about it back in the first few blocks And then Peter Todd saying no bro it been
or yeah,
what is,
what is the back and forth?
I guess the context of all of this is the like knots versus core debate.
Oh,
okay.
Yeah.
So that's who's on whose side.
Just so.
Yeah.
So Luke is on the not side,
which is,
which says that we should be doing everything to,
deter non-financial transactions on Bitcoin.
Gotcha.
That is like,
which things that he classed,
that him and a lot of people classify as spam.
Most Bitcoiners would classify as spam.
He says that we should be doing everything we can
to not relay these transactions to miners,
to get them to miners.
And that's what is not Bitcoin core fork does,
is it does not relay these data containing non-financial,
transactions that they call spam and attack on Bitcoin, that kind of thing.
And Peter Todd is on the other side of this where he's like,
these transactions are going to get to miners regardless of whether
people are running Bitcoin knots and relaying these transactions.
So what we should do is actually make,
and these transactions are giving fees to Bitcoin miners,
which is good for Bitcoin security. So we should actually just let it happen,
stop spending resources on fighting it
it's going to happen anyway
so all those resources
won't be well spent
if we attempt to stop it
and so there's
it's gotten to the point where
there are these kind of debates about
what things meant
in the past of Bitcoin
and this is
one of those finer points where
Peter Todd sees that
Luke is wrong about
what data carrier meant.
Did Luke just misremember maybe?
Yeah.
There's lots of reasons why people are wrong.
And I don't, Luke doesn't strike me,
I mean, I also have a hard time
viewing most people as bad intention,
but Luke doesn't strike me as being a liar.
He's Catholic.
He's not going to lie on purpose.
Well, Catholics lie.
They do.
They also go to confession too.
Yeah.
And repent.
Yeah, but that doesn't mean they don't lie.
So he could be going to confession every week for lies, he's saying.
Well, if he sees this, he'll probably repent, I'm sure.
Okay.
I just didn't joke.
I'm just trying to figure out what's going on.
But anyway, people lie whether they're religious or not.
And so I don't, I wouldn't, but I just, my general sense is that Luke isn't a liar.
No, he's not a liar.
Because he's been, he's kind of beats the, cares about Bitcoin.
I think everybody cares about Bitcoin.
Yeah.
These two guys care about Bitcoin.
Yeah, exactly.
So I don't think either is lying.
They might be making mistakes and they might be wrong, but they're not.
I don't think they're lying.
So that's kind of where I sit on whether people are lying or not.
But it does appear like Luke is wrong on this very specific point that is, you know, as far as I can tell,
like not relevant to whether a person should be running Bitcoin knots or
Bitcoin core.
It's kind of like,
what is Satoshi's vision?
And we should just be following Satoshi's vision.
It's like the,
I don't think the history should be determining what we do in the present
moment.
What that,
what was the top comment?
Top comment was from scores.
Me.
Thanks for posting this.
I appreciate the clarity.
And then he talked about taproot,
anything in the comments that you think is worth mentioning or bringing up um nothing in particular
are people that disagree pretty uh pretty seriously with with peter or just you know any
any disparaging comments made about knots or one way in a spam in the spam debate gets
kind of unhinged sort of takes or ill-informed takes at least so this is no they're just hating
on peter basically i think there was some like yeah cry harder scammer we resist your psyop
i said it didn't address it's like it didn't address any of the kind of points made directly
okay have we has luke ever been on sacker news or he's just mostly just on twitter right he has
been on saccharineas before yeah okay so he does come on there every once in a while yeah yeah he
was we were his uh no stirs app address for a while oh cool so maybe luke will come back and
talk about this i don't think so i think the venue for this debate seems to be primarily
x at this point so it's kind of where everyone already is cool that's all the top stories this
week on uh stacker news live very um very all over the place week i would say as far as the
stories got me and keon heated i wasn't very i just got me heated on one of them and got you
confused on some of them most of them so we're all over the place this week um we're gonna jump into
the rest of the stuff i want to bring up a new segment it's called ai bitcoin this is from
optimism every week he does a this week in bitcoin or i'm sorry this week in ai uh this
one's this week it's called the gloom of the vibe and uh he referenced kr's posts are the men
who know the most the most gloomy did you see this post um yes i did see that post he said in 1955
einstein and a dozen scientists wrote to congress about the danger of nuclear weapons saying the men
who know the most are the most gloomy.
And KR asked, how do the men who know the most
about today's most commonly cited danger AI feel?
Optimism at the top comment.
He said, he goes, most likely because I agree with the message,
it tries to convey a cautious approach,
highlighting vulnerability, not in software written,
but in the marketing approach, a vision carried out by the leaders.
I think the real danger is that people actually listen to Sam Altman.
Thus far, he seems to be winning, which is worrisome.
You get worried about Sam Altman, don't you, Keon?
No.
I don't get worried about the guy, to be honest.
It doesn't strike me as somebody.
There's a book that's coming out about him.
It's a very salacious book.
It's a very negative book about him, but looking forward to reading that.
But yeah, I don't really get a bad vibe about him.
oh i think he's definitely ambitious to the point where he um probably doesn't care too much about
people and cares more about fulfilling his ambitions so that that yeah i have that feeling
about him but i don't like have any other feelings about him yeah he had a couple of um some ceos go
all in on the vibe coinbase ceo explains why he fired engineers who didn't try ai immediately this
was another one i don't know if you saw this post this was kind of funny brian armstrong apparently
fired some people oh um this was hilarious yeah i think i read that but i don't i actually don't
remember it unless i read it a while ago there's a lot of really good posts here check it out
stackers this week in ai on stacker news yeah i don't think there's another i keep saying this
every week but i don't think there's another bitcoin ai weekly newsletter but the one on
second is it's definitely worth subscribing to so all you got to do is do this and you hit
subscribe right is that all you gotta do is that how that works um yeah what are you trying to
subscribe to this week in ai oh you can't subscribe to this week in ai specifically you
could subscribe to optimism oh so you just got to go here optimism yeah and then you go here
yeah and then you subscribe to his posts boss there you go boom that's all you do stackers
um the next one i want to bring up was this one this other ai bitcoin post was funny this was also
from kr he had uh prove you're not ai you have one minute to leave a comment that proves you're
a human and not an ai robot go and then he had all the stackers do it this is hilarious i thought
this was hilarious uh he made uh one stacker made this which was basically stacker news and i think
it won yeah handwritten hand which an ai does not have hands as far as i know yet
pretty pretty convincing yeah and then what was another one that i saw i'm not a robot that was
a camsha this one was sort of funny um what's this one pencil uh yeah ask i don't know what that is
yeah a lot of people ended up just like kind of cursing and yeah profanities to prove they're
not at least not a woke ai yeah how would you prove you're not an ai can i don't know i don't
think you can on through a digital medium i think really yeah you can't really you can't even hold
your thing anymore right like and do that yeah you can't do a picture doesn't work can't even do
that yeah it's not really sufficient man we might even not even be real right now at this point
It's true. This might be a Google banana.
We could just be...
What's it called?
Banana.
I mean, we could just be AI.
Or something.
We literally could just be figments of...
Huh? The photography thing.
Cryptographic keys.
Yeah.
Yeah, but why couldn't AIs have cryptographic keys?
And that would require the other humans to know what my valid cryptographic keys are,
which are somehow I've gotten those to them in person, probably.
otherwise i could have transmitted to them digitally which i could have just been
it's the same problem again
it can produce a script that can generate a key so it can i don't think it even requires a hallucination
yeah i don't get the idea i think it's the idea that somehow uh cryptographic keys solve the
like sybil problem of online identity and online personhood
i think it's just like uh it's sort of like pushing off the issue it's like yeah there's
the issue where you can't prove yourself but we have this other thing and then we'll ignore all
the issues with that and how i i think like subvert so that's the solution so i gotta i gotta you know
so the only thing that actually proves you know damn i hate saying this because it's sucks so the
only thing that actually proves you're that you're human um is your eye why so your eye your actual
eyeball yeah has um there's a podcast there's a podcast i'll share it in the show notes if i find
the thing there's a podcast that talks about how the eyeball is the only thing that's actually
um that is uh unique um more so than a fingerprint um that each each human has
I'll share the podcast where it talks about this
Anyway, long story short
That's why it's scary that the whole world coin thing
Is doing that thing with the eyeball
And that's why in Blade Runner
Philip Kate Dick did the eyeball thing
Eyeball scanner
Well they are unique
But I don't see why an AI couldn't make
Another unique eyeball
Because it's a god thing
That's why you can't
Reproduce an eyeball like that
okay so you don't do you think that i can only come from god like god it's literally from like a
like a woman it takes a it takes dna it actually takes like i'll share the podcast where he talks
about it okay so you think they're it's not reproducible yeah it's not reproducible outside
of the womb okay i don't know i don't i just i don't think that's true it's serious i'm serious
like i like unless the guy's lying but he's like a doctor who like is specialized in like
and all this stuff.
I don't know.
I feel like if you get an Adam for Adam printer,
I feel like I could just print an arbitrary eye.
I just don't see why.
I don't get why.
As far as it's a physical thing,
and I get...
Tower of Babel, bro.
That's all I'm saying.
What does that mean?
Exactly.
All right.
That's what I'm saying.
I'll share the podcast so you can listen to it.
I'm not going to listen to it.
You're so upset.
I'm not upset.
I just don't, I just don't, I just hate where everything becomes like, I'm going to give
you homework and then you'll get it.
Well, I don't know how to explain it.
Cause I'm not, I'm not the genius.
I don't know how to explain it, but there's a podcast that explains it better than I could.
Okay.
Well, that's cool.
I, but I, it's not sufficient for me to agree with you.
You don't have to agree with me.
I'm just telling you for the stackers at home that want to listen.
I'll share it later.
Okay.
Share it with them.
Yeah.
Then maybe somebody will write up.
Kefford will love Kefford's list this right now.
Kefford, you would love this.
So maybe you can share a post on Stacker News.
That way Keon can read it.
I just feel like that's not part.
I feel like that's not God's direct handiwork.
No, it is.
Like the eyeball literally.
Dude, that's why the world coin is so like really like you know it's the other side doing it.
It's like it's all over.
It's so weird.
That's why you know it's the other side doing it.
It's like they know exactly what to go for.
it's really scary anyway that's ai bitcoin this week uh we're also going to be doing another
segment it's called a wumble pick um um we didn't have time to do it this week wumble because uh
kian didn't have time to read it but next week he will yeah if we if i'm expected to kind of
talk about something i kind of want to know what i'm going to talk about before so i don't have to
be like hey i'm going to send you guys a podcast after this podcast you guys can learn i'm just
kidding but uh no yeah keon's happy to do it i just have to we just have to get it to him on
thursday so we're gonna try to do like a more education one little short educational segment
based on a stacker news post is the idea so one was gonna pick one every week and then uh keon
will talk about it and uh yeah we'll learn and then i just wanted to share this one this was my
post this week was early day so i recorded with with joe from unchained and uh i don't know if
you saw this episode but from the people that did see it they say they really enjoyed it oh joe
I don't think Joe does a lot of podcasts, right?
I think he does, but I think he only does them with like CNBC and like bigger.
Oh, I see.
With like bigger people.
So the fact that he came over here and did it, it was kind of cool.
Yeah.
Yeah, he's big, dude.
He's like big.
Big star.
He's like big star.
Yeah.
Anyways, so you got to check it out, stackers.
The other one is Keon.
your post was uh this one relay rely sunsets lightning network integration
yeah i thought this was um i don't know i thought this was kind of big news uh basically the they're
next so rely is kind of like the bull bitcoin i believe of like switzerland or perhaps like
broader europe i don't i'm not exactly sure because i don't live there but they're kind of
like a bull bitcoin in the sense that they are a non-custodial exchange that is you buy bitcoin
from them using fiat and they send it directly to cold storage or some wallet that is in your
own control um and i guess the one like their phone app had on it the ability i think to withdraw
via lightning and also had the ability to send out any self-custody bitcoin that was on your phone
app via lightning and they said that just people weren't using it and they were having a lot of
issues with it the implementation like they didn't want to have to spend more time managing
the implementation and given how little adoption there was on the part of their customers they
decided to stop supporting it and so i think in this fee environment where blocks are like sort
of empty and fees are below one sat per v byte now it kind of it kind of makes sense it's
interesting you know like we were just talking about um startup day yucatan and meridia and it's
like all the grassroots plebs that are using lightning and then we're seeing like this higher
echelon group of people that are looking up you know i'm not pointing them out or anything but
like these higher echelon people are just like buying bitcoin or they're buying it through
securities or etfs and stuff but it's like all these grassroots level people are still using
lightning so i think there is this kind of gap that we're seeing so um i think it's a mad it's
like a matter of the amount of bitcoin you have and so if you're using an exchange you're probably
not buying 100 sats worth of bitcoin at a time you're probably buying you know significant you
know significant volume of bitcoin and it doesn't make a whole lot of sense maybe to use lightning
for that use case. So I don't really see this as a sign that there's something bad going on with
Lightning so much as maybe Lightning on an exchange doesn't make a whole lot of sense,
especially this type of exchange. If it's more like an exchange like Coinbase where
you're letting Coinbase custody the Bitcoin for you, maybe you want to send off 100, 1000,
5000 sats at a time. And having a low fee for that makes a lot of sense. But if you were DCA-ing
your life savings uh you know i don't i don't really know why you're trying to save 10 sats
at a time probably it doesn't really make a whole lot of sense but yeah yeah it's i guess robosats
is the only lightning exchange out there right that's non-kyc yeah there are very few uh non-kyc
exchanges but there are a few peer-to-peer non-kyc exchanges there uh one of them is peach i believe
Oh, yeah, Peach.
Yeah, Peach.
Of course, RoboSense is Lightning native.
I think they only do Lightning.
And they're like federated and anonymous and stuff.
I think Peach might have reputations.
There's also, I think, Vexel in, I believe, the Czech Republic, or at least based in the Czech Republic.
They're also a peer-to-peer expansion.
I know there was one that operated in Brazil run by Ray.
Yusuf
I forget what that was
That was I think a shitcoin
Like peer-to-peer shitcoin stuff
But I think it was still
Did he write like a white paper or something?
Whatever happened with that?
I think they were planning to do a decentralized
Exchange
Where they had written up
A pretty complicated protocol
And
I don't know what state that's in
I know they had some good hackers working on it
But those things are very tricky
To get
working right so yeah yeah interesting i think you might also be able to do lightning now on
bisque maybe even join market i'm not sure though yeah you said it reminds me of folks
on setting on chain payments over the years yeah yeah like i said we were talking i was talking to
an og and he said that like this happened to bitcoin where like people went away from it for
a little while and then they came back to it it's the same thing like that's happening to lightning
people go away from it and then they'll come back to it um you just gotta be there when they do
yeah and keep building in the meantime yeah people who are like so this is like a hobby for them or
you know like lightning was like a hobby for a on-chain bitcoin company yeah it makes sense for
them to ditch it just like the payment processors who integrated bitcoin or the merchants who
integrated bitcoin in some like bull run eventually got you know got tired of their hobby and removed
it i don't know if over like if overstock.com still has bitcoin yeah i think microsoft and
like at&t did it too at certain points i remember stripe had bitcoin support very briefly yeah
yeah it's just uh yeah it's a very like thing to do so it's like becomes fashionable and then it's
not fashionable and you know who the like posers but you like you know people who maybe didn't
really have get a lot of value from it or yeah yeah cool we're going to jump into meta real quick
we have a stacker news monthly what's this key on yeah so a simple stacker is going to take a close
look at stacker news uh activity specifically i think around post but maybe maybe they plan plan
to expand out otherwise but they're going to take a close look at stacker news activity for each month
and then do their data science-y things.
So they pull out some really interesting stats here.
I think in the month of July,
stackers earned, on average,
nearly two stats per word
that was written on Stacker News,
which is kind of a cool stat that I wasn't aware of.
um so they're doing they're like trying to look at they're looking at all the data and
kind of pulling out i don't know insights from it um like for here uh he has the top stackers
by um the number of items posted and i guess undisciplined is at the top there and he also
oh they even have their favorite word yes their favorite word the word they're using the most
but like blockchain boo is using construction the most does he use the word construction well
because they run the construction engineering.
Oh, that's right.
Okay.
I was like, when does blockchain say construction?
Yeah, they have an interest in construction.
And GreyRuby, I guess, says game a lot
because they're Stacker Sports territory founder.
A lot of stackers use the word stacker a lot.
Econ, yeah, within, I guess, each territory.
We also have the favorite word.
I would like to find out when the first time
the word stacker was used on Stacker News.
see if you can find that out that would be cool oh it's probably back in 2021 yeah i went to find
out like who was a person that called uh somebody a stacker like on stacker oh that was intentional
by me um yeah but i'm saying like when when was the first post like where somebody was like oh
hey what's up stacker like he's a stacker like on stacker news oh okay well yeah that might be
different but i i was i create the first i created like a telegram chat very early for like customer
support and um that was called stackers yeah that's what i'm saying i wonder when it was used
maybe it was your first post where you said you're a stack no definitely not it was it required like
conscious effort for me to even start call call like giving something a name it's kind of hard
yeah that's what i'm saying i wonder where that where that term came from and like who
who used it first.
It'd be interesting to see.
Yeah.
That's cool.
Top territories.
Bitcoin, Stacker Sports, Econ, AI.
AI has been taking off really well.
I get a lot of posting.
Yeah, I post in there all the time.
It's just one of the most active things
going on in the world right now.
Yeah, it's a good territory.
I'm glad that he picked it back up.
I don't know who had it first.
I don't remember.
I think it was David W.
Oh.
Builder.
So like, remember I told you I optimized it?
It works.
I optimized it down on the posting.
I like where it's at now.
I like the posting, the post amount now.
So I feel like putting it to 500 sets,
the places should be in.
So I think that definitely worked.
It's just enough where it's like,
if you're going to post, you're going to, you know what I mean?
Yeah Dr Orlov from RGB the RGB protocol they created an RGB territory for a while and they they made their posting costs like 10 sets cause they didn
they didn't want anyone to post in it.
Or maybe they've made it a hundred thousand sets. I don't know,
but it was pricey, but it was, it was effective.
Well, we've been posting it on, on our Twitter.
So I think that's been helping drive traffic there too.
So I think that's been helping too as well.
So anytime somebody posts in the builder's territory,
we'll also share it on Twitter and then that'll drive traffic there.
Yeah.
Zaps and then comments.
So we've been doing that every time I see like a new builder's post.
That's it.
You know,
that's a legit one,
not just like a scammy one.
I'll post,
I'll post it on Twitter.
If I,
if I,
if I get a chance.
Cool.
So I think that's been helping.
What else?
Yeah,
it looks good.
Yeah.
good stuff awesome i thought i thought really cool stuff you can do with data now the next one
is multi-step wallet form what's this yeah uh so our wallet forms before if you wanted if you were
like attaching albi albi hub or whatever to stacker news to use as your non-custodial wallet you would
have to like kind of tab through your send setting and then your receive setting so this is like kind
of what you're more familiar with where it like sort of hand holds you through setting up one
thing so it's like that sooks that was from ek so socks did um the ability to disable live comments
uh so that if you don't if you if you find them distracting like comments coming onto your page
while you're maybe reading or writing i think this is more for someone like
well specifically requested by optimism who said they sometimes will keep it they'll be writing a
long comment doing lots of research that makes sense for him yeah and they don't want to get
yeah because he writes those really long posts i could see that um i find i find them very like
like especially at night because i like browsing secret news at night like when i'm here in the
lab and i'm like writing something or whatever and then i'll see it pop up it's like super cool
it's like oh hell yeah like i can talk to somebody yeah it can be it's a little dopamine rush it's
It's very cool at night.
Like, good job, Sucks.
Because at night, that's when it's like the best.
Because you're not expecting anybody.
Yeah, you feel kind of alone.
And then you're like, oh, I'm not alone.
Yeah, you feel kind of lurkish a little bit.
But then you're like, oh, I'm not alone.
Somebody's still up.
And then if it's somebody you like, you're like, oh, cool.
Then you start talking to them at night.
If it's someone you don't like.
I haven't ran into that problem yet.
All right.
Yeah, Snacker News doesn't really, the late night Snacker News is not really
popping.
But when it is popping, it's good.
Occasionally.
Yeah.
Okay, so that was one thing.
The other thing was simple stacker added,
a table of contents markdown.
Cool.
Just kind of a neat thing.
Fixed any ability of set a cursor limit.
Yeah.
Added support for GitHub code spaces.
What else?
When are you adding some cool stuff?
Cool stuff?
Cool stuff should be back.
I'm hoping we can do some experimental stuff in September.
What's coming?
Do you have a taste?
No taste for you, sir.
What are you?
One of them is going to be a private beta.
And then the other one, which probably won't release until the end of the day,
the other stuff should be more some of the territory stuff that we've talked about.
Ooh, maybe you should come to the Yucatan and do some territory announcements.
No.
I won't do any announcements.
If I go to the Yucatan, I'm there to lie on the beach, you know.
Party.
I'm there to party.
I'm going to Starve Day Cancun.
You guys might be to Starve Day.
So go to Starve Day.
Starve Day.
Yucatan and then party with Muzz.
There you go.
Does Muzz know how to party?
Yeah, he knows how to party, dude.
Yeah, cool.
And then we got, what else do we got here?
Oh, we got some comments here.
Simple Stacker said,
highlighting YouTube comments is cool.
I wonder if there are any people who watch us know
on YouTube other platforms but aren't active on us.
Probably.
I'll just say I'd wager most of those bots
are not on Stacker News.
Cool.
what else we got
we got a new zine this week
it's called the Sovereignty zine
Keon
oh I barely saw the S and Z on there
what do you think about this one
yeah looks like
I like the topic I like sovereignty as a topic
how nice
you're either moving towards sovereignty
or moving away from it
check it out
you can read the web version
or
hardcore
With free shipping, you can get the print version.
Oh, wow.
What did you make these?
Oh, I love this.
Oh, man, this is so poet.
Yeah.
Awesome.
Yeah, you can read the web version or you can purchase the print.
Check it out, Snackers.
Let me zap.
There you go.
um the next one is what do we got uh the next one is fountain boost so fountain boost from last
week's episode on this one said economists give money far less thought than you could comprehend
what do you think about that keyon um
yeah i mean i it seems that way but i'm surprised that it is that way
I would think that it's
one of the main things that I think about
I feel like there's like
it's like the pillar, well it's my pillar
but maybe just because I'm a Bitcoin person
and I think about money a lot
It kind of goes back to what I was saying earlier
strong dollar, strong boomer
Blockchain boog, zap
and then great Ruby, thank you for the zaps
We had some YouTube comments
This one was from Lucas
He said, hi guys, regarding your comment on this government
being a baby steps kind of guy
Let me tell you that he does not hold a majority on the Senate, and the way government works here, this means he has his hands tied.
Regarding on what he can do, he initially proposed a big package of reforms that the Senate rejected and had to be watered down a lot in order to get some of it approved.
I think he is also tippy-toeing around the issue since we have legislative elections on October, which allowed him more leeway if he wins.
Great video. Greetings from Argentina.
Oh, thanks so much.
there you go we got some insight so yeah i guess we don't know what we're talking about so we need
to shut up we definitely don't i definitely don't know what's going on argentina but it's
cool to hear um there you go um thanks for the insight lucas uh from the ground i guess we um
you cue our mouth shots hey you learn every day next one was from um marogo whatever he says we
all get btc at the price we deserve uh still respect anyone who admits they're wrong they're
still very early in the global adoption cycle.
One million by 2029 seems very likely.
This was from the Kenneth Rogoff one.
I don't remember that one.
Oh, that was the Harvard one, the guy who went back.
Any thoughts on that, Keon?
Yeah, I don't think he admitted he was wrong in a humble way.
So I don't think there's any respect to be dealt to him
for admitting he was wrong.
Did you hear about that UFO guy from Harvard?
The same guy who predicted the...
Remember that little, like, the asteroid or whatever?
There was, like, some asteroid that was flying through the solar system.
Did you hear about that, Ted?
Yeah.
It's like a flying...
And now there's, like, another UFO that's, like, coming through the solar...
Did you hear about that?
Can you come talk about it?
I can't talk about it.
Okay, Ted's going to come talk about a UFO thing.
I have a friend who I know from my space lab days.
The two of us would work side by side.
And he is convinced it's a UFO.
He doesn't see any other plausible explanation as to why that Okinawa or.
Yeah, this guy right here.
The one that's flying through our solar system.
Well, he was the same.
It's also a Harvard guy.
Is it similar?
This thing right here.
Is it a comet?
yeah so there's something that's flying but i think this is it that's our flying through our
solar system i think it's a video there it goes right there so apparently there's so there's a
harvard guy who was wrong about bitcoin and then there's a harvard guy who was like predicting this
like oh with now a thing and then there's another harvard guy who's telling there's a alien space
crash at the edge of our solar system it's the same guy oh it's the same guy with the bitcoin
prediction not the bitcoin prediction oh you scroll down just a little bit yes what nasa says
what is NASA saying?
It's fast.
Yeah, that's kind of what they
and I think it accelerated was why they
Yeah, the last one accelerated
in the wrong direction.
Well, it's because you're looking at VR.
Is it towards the sun or?
Oh, there it goes right there.
I think was the issue.
There it goes.
What my friend thinks is that it's a solar sail.
What does that mean?
It's basically just a sail
like a large flat object.
Light pushes it.
That's basically what it means.
Wind pushes a sail of a boat.
Light from the sun.
Can you speak English, please?
It's a large piece of paper, like a flat piece of paper.
Okay.
And that is clearly not a natural object that would form something like that.
We don't know of any sort of way that, for example.
That's what you're saying?
That right there, that Ted Williams tunnel.
Oh, crap.
It's the size of Manhattan.
oh i guess they're just doing size comparison i mean this says i think we didn't know the other
one was weird until it started accelerating out of the solar system because i think it was maybe
accelerating in which is what you'd expect as it's going closer to the sun but then the fact
that it started accelerating out was the question mark um we did know that was an interstellar
object so it's coming from outside the solar system but that could come from the kuiper belt
or other things that are very deep space.
That guy right there, that's the guy who predicted Bitcoin's price wrong?
No.
I also wouldn't give too much credence
in terms of their ability to predict Bitcoin versus their...
Oh, so you're saying they're not the same.
So you're saying that's two different things.
Two different things.
But I mean, there's maybe something to be...
Because Harvard's still a reputable place, isn't it?
Yeah, I mean, I would look at more of the JPL guys
guys or john hopkins uh or or university of colorado has elon talked about this or the star
talk guy i'm sure the best info on things like this but a lot of it's just like we are limited
in our like ability to observe it because all we're looking at is the light bouncing off of it
so we're kind of getting like a 2d snapshot of this thing and um we like to think that oh yeah
we just have all the best sensors and we do but it's still just like a really pixelated photograph
that we're getting, just a few pixels on this stuff.
It's dark.
It's a dark blob of rock, not much reflectiveness
unless there's a lot of water composition in there.
There's no sort of gravitational distortion
that we can see with a small object.
So we're kind of just relying on the light
that bounces off of it.
Yeah, I don't know what to think, honestly.
Yeah, and all of that science is pretty young
as far as I understand.
Yeah, so
Also don't trust this guy, dude
I mean, pleb spidey sense
I'll go on all over the place here
Do not trust that guy
I'm sure he has a family
I'm sure he's great, but pleb spidey sense going off
Do not trust him
I definitely do not trust astrophysicists
I mean, look at him, he kind of looks like
The same guy who gave us COVID, remember?
What's that guy's name?
Anthony Fauci
Yeah, he looks like Fauci
Do not trust anything
I think he's just roughly this image and his clean
store in a suit and maybe has
similar glasses. No, you want
bearded. If you're a physicist and
you don't have a beard, like you're kind of a junior
physicist, you got to, once you get a big
white kind of unkept beard
and generally like they don't like to be on
TV and when they do, they don't make any sense and they kind of
scare the journalist. I'm not trusting anything this guy's telling me.
So this is the guy that brought
us this. He's probably
the other guy is like, he's the guy who's
like presentable. But Harvard's like not,
I mean, they probably have great astrophysicists,
but they're maybe not the best in terms of experimental physics or like
telescope people.
So like you kind of want a combination of the telescope people and the.
Isn't it Princeton that has the better theoretical physics department?
Princeton was where Einstein worked,
I believe either Princeton or Cornell.
But this isn't astro,
that's not astrophysics.
So it doesn't matter.
My old university,
university of Colorado,
they had the most astronauts coming out of it,
but maybe not the best.
Like,
I mean,
you basically want JPL.
and like it divides based on discipline so within space there's many different areas and astrophysics
is one area and then that divides like do you care more about planets you care more about
thinking about dark energy in which case you're more of just like a mathematician
kind of person yeah um and there's a it's i've been in some amazing heated debates between
theoretical physicists
and experimental physicists
and they just like tear each other to shreds
but they're both very founded in like
being rational and logical
and they're also extremely intelligent
but man they get into
oh so he's saying the market will
crash
the markets will crash if it proves to be
true
oh man this feels like a setup
what evidence do they know
of this being a pro that's what I'm saying like
this just feels like flat this feels like a fauci thing already like this just i'm sorry my plebs
body sense is going off right now i just can't trust it yeah i think i think it's supposed to
fly very close to venus i think um in october and then oh wait in october yeah here it is um
that's a trajectory of it i don't know if that's obviously uh all of those things will be moving
and so I think during
the earth will be on the exact
the other side of the sun when it
passes
where we could view it
is the other thing
have you seen this comment thing
we might have something
have you seen this
we got another UFO
have you seen this UFO thing
another one
yeah
no it's the second one
he said another one
yeah wait have you not heard about this in october well it's not
yeah no but it's going to venus though it's not coming it's coming to startup day
someone ordered for the wrong look up location dropped it in on the wrong planet
anyways although you gotta say like if they are aliens and they're all coming from the same place
like and you're looking at the solar system like it could be venus could be mars could be earth
Venus and Earth, there's both
atmospheres, so they're able to see atmospheres.
I could see why an alien
civilization would send a probe to each planet.
They wouldn't do a fake invasion,
you think? They wouldn't do a fake invasion.
Maybe it's just a probe. They're just trying to get
a couple... I think Ted and I are more on the side of aliens
and you're more on the side the government
is doing a psyop. I don't think it would be
the government. That's the thing. I don't think it would be the government.
What do you think? You think the aliens are doing
a psyop? No, I think it would... I actually think...
No, you guys think it would be the government.
I don't think it would be the government.
I think it would be like deep state.
Oh, I think those, I, I, I think it would,
I think it would be a well coordinated,
like multinational, like group effort around the world.
Yeah.
Deep.
Yeah.
The same people that brought you COVID.
It would be like those people.
Oh, I see.
Yeah.
But I think I'm more in the camp of,
I prefer thinking about this actually being aliens.
Like that.
Nah.
Yeah.
I wish.
Do you think they have eyes?
Oh, no.
If they did, they probably would, it would be like a, it wouldn't be like an actual entity.
It would be like a, you know, it would be like a robots or something.
Yeah.
That'd be, that's right.
I mean, what would you think it would be?
I'm just like, so heartbroken.
We didn't get more pictures of that first UFO.
Like, I really hope we get something out there for the second one.
But.
Cause it's just like the nearest star is what Alpha Centauri is like 20 light years away.
Right.
2.7.
Yeah.
so like that's where it would come from it wouldn't no i mean this could be you know it
could be ancient i watch a lot of like star trek and stuff it could be this could be like something
that's been floating around the uh the galaxy or the what do we call it the universe for uh for
billions of years even it'd be a very early alien species that sent out a probe that's just gathering
data or or maybe it was like archiving maybe it was our old maybe it was like mars and that sent
it out like before we were uh yeah exactly it could have been us they would have had to aim it
though like if it is coming from an intelligence like the odds of just hitting a solar system
yeah but what they send out a bajillion what if it has like some kind of intelligent
like machine intelligent sort of um like self-direction it's so hard to self-direct
like like like the scales are so large right that like and like if you're just flying through
deep space. You want to slingshot
your way to places. Maybe they've got special
technology. Did you ever see the movie Sphere?
Making it to us.
This is where I'm glad I watched so many movies.
Did you ever see the movie Sphere?
Yeah, the movie Sphere.
I see.
The movie Sphere,
they basically sent them...
It was basically us
that sent our own spaceship
back around to us.
Yeah.
oh sorry yeah i hope it's ufos it's probably not i don't think we'll see i don't know but
this guy looks like fauci i mean it's still fucking weird that that last one was accelerating
like we don't have an answer to that and that's like very annoying it's very like in your face
too where it's like what this one the the other one the other one amoralist like all they have
is like doffler shift right the omanoa basically um that one right there i think we're pretty
confident that it was accelerating i assume a doppler shift but that seems like a pretty
so this one just flew away we never got to see it is what you're saying no we we saw it but we just
only saw so much we only gathered so much information so if there could be some other
cause of the doppler shift like it's emitting light behind it that makes us think it's accelerating
but it's yeah it's kicked on the after burner or something yeah uh or who knows oh i didn't
realize that one even came that close yeah it came real close and then just booked it out of
there and also we're not even oh there it goes that that was the shape that's the thing like
that was what it did there's an argument yeah it's like yo see you later earth people argue
if it's cool cylindrical or if it's a flat piece of paper but the the argument against it being up
it looks like it picks some it looks like it picks somebody up bro it's like yeah freak off
her that's what it literally they literally pick somebody up it's like who disappeared it's like
it's like it's like hitchhiker's guide to the galaxy here right now so it's like hitchhiker's
guide of the galaxy went like this it's like if he reappears right when the next one comes then
it looks like it totally picks somebody up it's like give me off of her oh it comes back is what
you're saying like maybe it's the same object yeah maybe it's like maybe this other one's picking
the rest of those people up too dropping them off at school and coming and picking them up
It's like, see you later.
One of the reasons I'm so excited about Starship
is that we'll be able to put these large telescopes
behind the moon.
Yeah.
Yeah, this is picking somebody up.
There are probably other things that do that.
So like on the background of that.
That was the first.
That's the first one.
Like they see them exiting off Earth.
That's a slingshot.
But we've only been looking for like 100 years.
yeah oh that's what that looked like oh well so that's the debate is it's a grain it's like a
rice grain yeah so we don't actually know uncle ben's there's an argument that that's actually
flat and it we're just looking at an angle and so it looks like it's a cylinder that that's the
argument of my friend and then of course these renders are based if you actually look at the
source data it's like yeah they're you cannot distill this much data from it i mean it's just
like what it would look like if it was a reasonable
asteroid. I mean, honestly, like it
kind of looks like the
what is it? The Cash App
wallet? Oh, it's a BitKey.
The BitKey?
What?
It looks more like a ledger to me.
No, but I'm saying like I feel like
the more technology gets
advanced, it's going to start looking more
like just like rocks. That's like that.
Like pebbles and stuff. Oh, I see what you're saying.
Yeah. It's like that stone that appeared
with the monkeys, that big square.
stone that looks like a monolith yeah that's probably what it was
yeah and we missed it dude what if it's like a fossilized alien dick and it's just a huge
yeah what's going on with you this is huge every week it's just getting more sexual what's going on
thinking maybe i just see all right let's let's let's end the show um i think that's i think
that's everything we got um oh yeah we gotta do the top snackers real quick top snackers
you want to put on your hat oh top cowboys man oh yeah top cowboys
key on top cowboys siggy 47 koo blockchain boo gray ruby uh yeah lots of exciting no change
optimism 12 so ot carter so unchained that's nick carter for people that are wondering
um sox simple stacker case on webster go cowboys okay but poet uh philippe i feel like pleb poets
moved up i mean uh hard money yeah usual suspects albie nertoninja clr dot yeah pretty good pretty
good stuff and that's all of them i didn't even break it this week there you are you were like 90
Oh, there you go.
Yeah, it's been busy this week.
Cool.
What are you doing this weekend?
Yeehaw.
Probably nothing.
Probably absolutely nothing.
Lots of peering into a computer screen
and trying to make things change on other computer screens.
Cool.
Ted, what are you doing this week, Ted?
I am moving downtown tomorrow.
Shut up.
Are you really?
That was my first actually intentional place that I've...
Is that where you decided after all the places that you're looking at?
I looked at all these different buildings.
I ended up going with North Shore over with some other big corners we know.
Wow.
Just dox myself.
That was great.
Yeah.
Why did you decide out of all the places?
Because I know you're looking west, east, south, north.
It's convenient.
Nice.
I'm a big sucker for windows.
I've got a really nice looking window.
They have great windows?
Yeah.
Okay.
What side are you?
It is a boomerun.
Dox.
Do you have roommates?
I'll tell you guys
So you're moving
Do you need help?
I appreciate that I don't think so
Yeah let me know I'll be here at the lab
I'll need to break it in at some point
So you can help me crack a
Bottle of water
I'll be here tomorrow so if you need help
You need me to walk over
Cool I'll just be working tomorrow
Topher what are you doing tomorrow?
Oh you're going to Brotilla right?
Yeah that should be fun
I'll be floating
with all the ladies, all the honeys.
Do you guys actually get
honeys?
Wow. He's like, yeah, like a Chad.
He's like, where else are they going to go?
The honeys? They don't have anywhere to go?
No, they go with
all the Bitcoiners.
You think they're going to hang out with a bunch
of...
Oh, we'll be undercover.
Okay, that makes sense.
Anyways,
that's all we got, Snackers. Have yourself a
great weekend and
Keown