BITCOIN $100K IN SIGHT | RABBIT HOLE RECAP #332
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So, freak, this rippers brought you by a good friends at unshamed. We've got a special event for you, an online event. Bitcoin is hiding its stride.

Massive etf inflows, major g political changes, increasing corporate adoption in a proposed U. S. Tra teacher reserve twenty twenty five is shaping up to be a defining year.

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You've had a dynamic where .

money become freer than free.

Let me talk about a fed just gone that all all the central banks going not so it's all acting like safe haven. I believe that in a world where central bankers are tripping over themselves to divide their currency, bitcoin wins. In the world of fiat currencies, bitcoin is the Victor. I mean, that's part of the whole case for bitcoin. If not any attention, you probably should be.

probably should be, probably be abbe, unch, unch.

Do you get in copy interface?

So there's no confirmation thing now. I hit one button instead of two.

Do you get in cocky with the Price increase and things? I'll just be our producer forever. I maris marti's dealing with family matters over there.

He's on the road right now. I think he's in a hotel. You back with us, marty.

but I am in a hotel to tell the the cleaning ladies that I need. I need you just .

shoot the cleaning lady.

Yeah.

did we did a rip when I was insane, Lewis, where we really needed the cleaning lady. So the cleaning lady was in the room while we alive in our R I told this he is like, because we had the kid with us and are one of the dogs with us like we really needed the creating lady. So is like, you can just go all our cars going and then I gave her a tip afterwards.

Yeah, I forget, what would you said during that that incident, but I was was laughing on air.

Well, I imagine if you heard one side of, I guess you heard both because I was on speaker phone, but imagine you just heard an hour for your first time, just like live cleaning the room was like, I like five months ago. I should pick our advice .

would would be named this episode.

I named IT bitcoin one hundred k insight IT is an .

insight ninety nine thousand three hundred and fifty cockboat right now, what do we say? Do we hit doring this? P we need everybody listening live right now.

There is a cell wall between now and one hundred thousand dollars. Pretty it's pretty massive. But I think the buying power, the freaks, is bigger than this wall. We need to tear down this wall. Everybody is smashed bite right now.

Martin said .

that not me. What time and since four thirty i'm completely wired right now, marty, six hours under my day over here.

What year was IT when it's twenty one thousand of roof saper? Cisco, I told all the freak erring are our live in personal age are to to stack together. And I was like thirteen thousand dollars.

That was the all time high for like three years. For like three years. Every reply guy on twitter was just like math. You made us all by the top. But where we're going, you going to buy the top the whole way up.

We just explaining this too, to to paul.

This paul, our new producer at the park, is doing fantastic work, and this is his first school market.

welcome. Welcome to the inside of people. It's fun. This is certainly fun. Let's let's talk into what we got tight hour. It's go to the dashboard looking at a Clark dash board, according to him, the Price big right night now as ninety nine thousand, three hundred dollars won cut buck, it's going to get you one thousand and seven cats were approaching three digit sats for our was pretty insane.

We're also approaching a two trillion dollar caps sitting at one point nine six trillion as right now we are block height eight hundred seventy one thousand five hundred twenty one, which means we are one thousand four hundred and seven blocks away from the next difficulty adjustment, which is looking like an Opera adjustment of eight point seven percent right now. Uh, we had a difficulty adjustment earlier this week, upwards adjustment of point six percent. Hashed is growing.

Clark t mini metal has one hundred and seventy two thousand and seventy five transactions in IT. We go over to mental. That space will see that they have three hundred thousand, six hundred forty four transactions in their mental and fees arising.

Thirty three sax pervy bite for a high priority transaction, thirty sax pervy bite for a medium, a priority transaction, low priority transactions will get confirmed with twenty four sets pervy bit according to mental that must see is what a week, what a week. It's been a day. It's .

in the day. I .

love IT.

It's all come together freaks.

And really is, really is. Just want to give a shout out hanger homes and the team of battery and on the list I want to open with that because of begetting floated the calls and text this morning on the heels of Andrew going on squad box and announcing battery finances emergence from quasi y stealth mode they never fished on the route under written their first room in philadephia and I just thought Andrew in the way he presented himself bitcoin as this pristine collateral al asset in the world of structure credit and um the potential that bitcoin has as an asset that can really revolutionize finance and help close the pension gaps that particularly here in the united states was extremely impressive.

And um we both know how hard that team, particularly to working for the last two years to get this out the door. And so just really gratifying to see Andrew crushed in interview this morning. Super proud of you.

Andrew. Andrew, by the way, is a rider I freak and I think he's the first writer die freak to be on school box, the largest bitcoin podcast in the world um so IT is a real exciting moment I was watching like a proud father, a proud son depending on like accommodation of both um because um we've been on this journey with the Andrew for quite some time and he's become a really close friend and battery is is a special beast and we're very proud of text one two beat their largest investor and we've been there since the very beginning.

So um it's pretty pretty cool to seat all come together and that was pretty cool to see um see their heads turn as they started to think through like what the implications were of adding effectively what they do is they add bitcoin to these these otherwise standard commercial real state loans. And so you have a partial collateral, al with bacon, and then you have a traditional collateral of the actual realistic ted itself and IT super charges the loan. So you have a lot of the upside benefits of bitcoin without much of the downside if a bitcoin goes down um and they they force you to hold that bitcoin for four years.

So the idea is you look at historic cycles, which martis ys are gone now. But if you look at historic cycles, if you hold biton for four years, you're usually in in a pretty good spot. Um and then meanwhile, they're able to offer market rates in terms of the actual interest rate of the loan.

So the the loan recipient benefits because they're not doing IT out of the goodness of their heart. They're just getting really good long terms. Um they don't even have to believe in bitcoin to do alone.

And and the uh the loan grantee who's giving the loan out um is getting significantly Better terms because they have this this beautiful benefit of the bitcoin upside as a piece of the collateral and IT all comes together in this in this package. And I I think what we're starting to see here is we're starting to see bitcoin become this foundational asset that just gets intertwined into the global financial system. Beautiful to watch.

IT is really beautiful washing. I mean, you mention that I really want to dig in to the fact that the way was described turn heads and not to denigrate anybody from the bit one community that's been on cnbc to date. But I think today, the way Andrew described bitcoin hel fits into these credit structures was a pivotal movement for that particular chrome historically has been big one is a scarce asset is going to go up, more people are going to adopt IT.

But I think the tangible application in the structured credit application um for that particular cnbc crowd is a door open returning on the page of chapter s like, well, this is actually entering our world of traditional finance in the way which hasn't existed before. So keep me out on battery moving forward there. Um the speak off strategy that they have, which is expressed through the first one that they didn't filled off you, my home city, which are very proud of as well, is only one unique tragedy. They have many ideas about what they want to go after and how they want to incorporate coin into the traditional financial world.

Um IT seems like a the start of a new beginning here. I I expect us to see Andrew lot on C, N, B, C going for yeah .

and in that, like as we approach one hundred thousand, I think hundred. Do you think the gravity of reaching the hundred per victim markets?

I mean did IT seems like a big number. Um I I think I mean if you go back till like my early days a week, I like my moon math number was ten key um so I remember ten k being a really huge number for a lot of us when we passed ten k um and I think hundred k is is well clearly a bigger number um but it's it's like mentally it's a mental switch for a lot of people, right?

I got a bit never never had one hundred and everything after that seems more possible to a lot of big coin deniers or or people that just you know don't really understand the true gravity big coin. So I think mentally IT is a big number. I think as a result um there's like a big difference between nineteen eight thousand dollars, ninety nine thousand dollars in one hundred one thousand dollars. Um so the psychological numbers sometimes take a while to get through um even when there's momentum. But yeah, I mean, IT seems like A A massive turning point from bitcoin in terms of a broad based recognition.

I think that no double on noster um tweed on ex IT feels like the end of the beginning is nine. I feel like one hundred thousand dollar checkpoint is the beginning or seem at the end of the beginning, you mean really we are going to traverse into to new territories how the coin is incorporated ated in um it's been fun riding this wave of the beginning chater big one with all of you mean we've been here weekend and we out on rabbit recap for six years. Matter night were in bacob for a few years before we started this podcast. And IT is crazy to think of where we are now having been in this for a decade, that really does feel like there's some tech onic shift happening in the way the world is feeling bitcoin that I mean.

we has been a hacked of a journey. Uh, and it's it's just getting started. My god, I think it's it's pretty hard to complete where we are in ten years, right? What is the next decade hold? And I would just say that everyone is particularly our new listening ers out there.

Um I think it's easy to think you know you're late to bitcoin. I like you missed about and I just want to be clear here, doesn't matter when you got into bitcoin, pretty much everyone who did thought they were late at the time they got into bitcoin. Um and you just put your head down, stable stack sets, do some real proof of work, slowly accumulate as much bitcoin as possible and bitcoin will reward you for that um so you're not late. Uh you might not be early, but you you're not late. You can never be late and don't get discouraged.

Yeah I gave A A bitcoin one of one presentation to uh class of high high school students in their best man club earlier this week fondly enough my rival high school, my my album is not asked to get a bit coin presentation but arrival has sorry, no what's going on .

upstairs the rival high school.

my rival high school. No, I didn't. I didn't yeah um is actually my old boss at the hot dog stand he teaches at francy investment club. So um he asked me to get a bit point. One of one lesson and that was one of the questions is like army too late.

And I think another way to think that is, I think he said, are perfectly like the add like analysis is a context to IT like IT is IT too late to adopt e? Is IT too late to adopt the wheel? Is IT too late to adopt internet now? It's always a good time to use those tools because they're fit for purpose. For what they aim to do in bitcoin is purely a Better monetary good and a Better monetary technology. So that doesn't matter when you adopt IT you going to want to adopt adopted any point is Better money also.

Um I might disagree with marty that like bear markets are over, but we are so fucking early in this cycle like I I don't think you guys appreciate how early we are in this cycle. Um like the coins just just getting started on this on on this ball around so will see where the ends up really is.

We do have a list we got to get to IT, one of which is important announcement from alb. We've i've been quora graphing this and we've been mentioning IT here, but we have an update. They're going to sunset. They're custodial wallet on january fourth, twenty twenty five. And so if you're using i'll be custodio while be aware that they will be sunsetting that in a little over a month.

Yeah this is why I put IT. I'm glad that we ve got to shut out to Andrew because I absolute IT was awesome seeing him on C, M, B, C. This morning. But I put this at the top less because, uh, if you have any funds and i'll be removed A S, A, P, you got ta get them out by january otherwise they turn .

to make fee credit yeah they .

have like this new alby hub, which is a easy, easy solution to use your own node. But IT comes with a monthly fees to keep that in mind um so either use that or ronna know another way um but regardless, got to move response out and this is the fate for pretty much every custodio a wallet um unless they add some kind of compliance regime on top of IT IT IT seems to be the case if any constructor while IT gets any kind of um usage, we see this result.

Yeah you could be clear. I know matt said IT, but just to double down on IT, all b is not shutting down, just the custodial wallet they have all by hub. They have not to well connect, not sure connections. They are still struggling along in and pushing out new features and .

new tools we have. I see someone in the in the later chat saying ali hab has no fee. I thought it's like isn't like twenty dollars amount.

There's something if you .

self there's no oh okay. But if you if you do like their cloud, I was stood on, right?

There's okay, okay.

good. But yeah, ali is not shutting down. They're moving to appear self custody model, which is beautiful to say.

Um and um i've been pretty impressed with their transition. I think their team is incredibly responsible and they're been done in good tech out there. And i've only heard good things about albion b, but I have not used in myself.

Yeah next up on the list we have Howard latinic selected as trumps pick for the commerce chief was lot of speculation about what position, if at all, how our lucky c was going to get within the trump bad men. There was rumors earlier this week, last week that there was the potential for him to be treasury of the secretary um but IT seems like there was some backroom dealing fighting maybe and he has been nominated for ah they had a commerce which is a good position for him .

I think yeah I guess like the rumors are that I trumped in like that he was he he was fighting with.

who is he fighting percent?

Yeah with percent. And they were the two front runner and they were like having in fighting about who was going to get to be treasury secretary. Um so we still don't know who treasury secretary is yet. Um but latin and commerce and also the a key thing but letters c is counterfeit jerd is i'm supposedly who holds tethers A U S treasures that back tether um and he personally owns a tonoi coin he is disclosed so is a big friend of of the coin and as a result people in the industry are are quite excited to have him as a key figure in the administration yeah .

treasury secretary will be a big pic. There's been a lot of the speculation as who that may be. You have scope percent I believe is still the front runner dart course friend of show, friend of bit park specifically senator bill is on is incredible um he gets IT he gets that he would be incredible PICC not only for us before united states he get hit them yeah he might .

be my favorite politician um I he has a strong moral code like I think he actually he like actually cares about the country in an Operating at the highest and he holds himself to a higher standard um and he understands bitcoin a big way. He is actually bitcoin story is super fascinating um because he was the ambassage to japan and he discovered bitcoin because north korean hackers were hacking all the japanese exchanges and he was like, we need we need to get the big line like we need to stop north koreans from getting in and then he realized they couldn't and that that's that's I discovered brick in for the first time he's like, only shit. This is incredibly powerful.

Yeah he. Gets mining. He understands the importance in the southern nature of bitcoin like he's a dark worse right now. If he gets in to treasure the me secretary, the treasury invocation into that position, that would be massively bullish for bitcoin. It's not because he's pumping his bags, because he truly understands the potential that we have here um as a nation to really own um not own but to dominate the biceps industria make sure the individual americans are flourishing. Because they're able to to use in a dot c in .

you I mean to the moral code piece, like i'm pretty sure he doesn't even know any big coin because he feels like it's an ethical breach. But he's definitely he definitely he's a bit coin a regardless and he's he comes to the park all the time. Very fortunate of meza senator and tennessee. Um I see in the light chat I didn't even like you can just one click run alby hub and start nine or arrow that's .

prety cool you just .

to bring him back.

The mixing on the less microgravity is out there buying a button of big one. I mean, you have the three billion dollar offering your percent convertible note, but I think he announced another one this week too. I think there's two notes between this .

week have seven one.

I thought there was a six billion a minute.

three million oh I don't know. I don't really IT seemed incredibly relevant because I think this was oversubscribed, right? Like I was supposed to be less.

And um people are just aping in. They're just aping in at zero percent. Um yeah, I mean, I think important that's the most .

important detail. That's not maybe not the total dollar mt, which is pretty large three billion, but the fact that all these credit funds are helping into these convertible notes at zero percent interest rates like they're not getting paid any interest on the capital they're putting into this dead instrument because there pretty confident that if the Price of the king is is convertible, no, they are going to convert to equity and they don't care about the about the interest payment on that debt. They they believe that they going to make a lot of money by converting that dead, dead ity being to .

yeah I mean, the key here is is is that convert piece, right? So it's my understanding is as long as my strategy doesn't go insolent, they basically get bitcoin upside exposure in the form of microstrip gy shares. But they don't have the downside risk. If so, they don't have to actually really believe in big coin um like worst case in area, as long as microstrip gies still solve and they just get their money back um but in the best case in area on bitcoin rips, then they get the bitcoin upside so you can see how it's appealing particular to like large institutional players that can get exposure to spot bitcoin but they can do these these dead offerings yeah to put the convert .

convertible nature of these debt offerings is very important ing. There's a lot of people out there who were running with the assumption that microsoft is accumulating billions and billions of dollars worth the debt, which they are. But when once the stock rise reaches a certain level that that is eliminated and now they just this more shares uh, to those dead holders.

And so like there's many people out there think microsoft has tens of billion of dollars worth the debt. I believe right now with that three billion, it's around probably like nine billion dollars with the debt that they have in total. But as the Price the stock Price goes up, all the cumbers the equity and extinguishes the debt within those notes. So so yeah bring up all use case I mean .

and is a zero percent and the the during his earnings, college said that he's going to do twenty one billion a worth of debt a to buy bitcoin at this pace. I mean, I think it's going to blow through that twenty one number like .

that was like what a month ago I I think is .

there like ten ity? I don't yeah that's flutter insane and I see some people's speculate and kindly go and negative. I don't really understand how this stuff works on just a humble starker um of the people that a self custody.

Bitcoin is a beautiful thing, Carries no counterparty risk. Uh, nothing can replace that to me like bitcoin is my safe haven. You have to hold this security, hold that yourself.

Stay on on stats. Um obviously microscope has two layers of counterparty risk. If you have microscope a counterparty and then you also have their custodians as a counter party.

Um but yeah i'd like left side curve. Can you go negative here? Is this a if you can go zero? Can you go negative?

Mean technical. I mean, yeah you can issue a negative yelling convertible. No, that would be the buyers of that note are essentially paying interest to microsoft due instead of the reverse. This is the to the note. Knowing sale he might do .

is just to see if you can get away with IT.

You can keep getting away with this FTP in the youtube comments clarifying he did a five billion dollar at the get offering so he issued new share yeah just issue new shares with no debt attached to IT. Five billion dollars were .

so that's what he said originally. I he said i'm going to twenty one of that and twenty one of that yeah. Yeah, I mean, it's just, uh, I think it's crazy that this is what burden game stop.

People like all three beds and staff like I ve been waiting for them to like get into big one in and of course, getting into big one in the same way that they can turn off the fucking and buy button on them. Like, when does Robin i'd turn off the bay button on microsoft? Gy.

don't I think people still .

don't appreciate how ridiculous that was that Robin had literally turned off the fucking and buy button on game stop on the short sellers are getting .

run city in algis. M, A call to say turn IT off. You're about the private insult. I don't know what that seems like. People are hoping on the train. I don't know if you have IT on the list, but the german insurance company alliance um their public filings came out this morning and I believe there were twenty four percent of the buyer one of these convertible notes um they took up twenty four percent of one of those one of those deals.

So you have, I believe, rob hamiltons and out to eat this morning basic highlighting that there are some rules and regulations about the ability for insurance companies, particularly to get direct exposure to spot big coin. And I believe he said, there are probably one of the industries that the least exposed you're not exposed but allocated to big coin when they probably should be. And so the the fact that they went out and participated twenty year FTP is confirming twenty four percent of the three billion dollar convertible note offering they took up. Um so this is their proxy way to get bit in exposure as insurance company.

I like that the naster live chat is is kind of upset with you for reading the youtube. Jt.

no money you can and it's too easy to look at, right?

I'm looking at the naster live chat and where rioters zed, well and there's fucker hilarious comment um from suda Carlos that he bets that the youtube ers are more financially literate than the nother lifestream and he might be right .

the youtube s understand .

like the financial stuff Better uh and then the master chat is the writer dies but I I would love to see like a contest of of who's outperforming who like I bet you the naster live chat folks are are now performing the youtube of chat folks over the last ten years. Not not to start a war between our two sets of listeners. We appreciate you all.

And huge chat out to the upstream. Folks are not live chat, rather dies. We have big in space.

Two has zaps twenty one thousand sets. Map twenty one is APP ed, twenty one thousand cats. There are two large apps the day.

appreciate the support. Yeah, I forget for some reason of firefox sap dot stream doesn't work for me that to open up crown.

Yes, marty, today, logan, just hold IT up. I can ask.

that's not true. Is up to millions this morning. Um oh, wait, now that was yesterday. I'm sorry, it's early here. Goes gotten .

freaks. What's next on the list?

Next one a alist. We've got c chair gary against ler announcers resignation effective january tonia. Gary against this version of you can fire me, I quit but a trump .

can actually fire him like i'm pretty sure trump doesn't have the ability to fire monday one.

sure.

Yeah i'm pretty short.

i'm sure.

But I guess that doesn't really matter if truth says is onna fire you day when you just resigned before that?

Yeah same result.

Mean.

we discuss this when there was speculation of IT last week. I mean, isn't really effective. Pick one too much outside of Operation shape point two point out, which was a pretty massive um deal in on constitutional, I would argue and not yes, they had a partner ia like they suit silver gate.

Public says, is apps so little that you remember all the recipients of your apps?

嗨， 帕 波。 Yeah, I mean, look.

I I think we'll have a much more business friendly, biton friendly I C C chair. So that's going to see. But this wasn't like the top of my list of, you know I I didn't you know I can't get i'm not getting like too excited about IT.

It's a win um but it's it's more of a win for the like. The massive shake coin casinos is that he was serving wealth notices to and um shaken promoters that have their own centralized tokens. And do you know the billions of dollars of traditional VC that relies on dumping tokens on retail when they know it's not can have any long term value?

Um so this is one of those things that always I I tend to be of the belief that you know just let free markets work and when you have freedom some people are going to to get burnt. But the general benefit is is greater human flourishing. But also like IT sucks to see schemers just get away .

with shit yeah yeah scammers are very happy right now yeah but I will say the the air was being sucked out of the cyp to room yeah right now, particularly with microage. I think announcements like the one enter me earlier today. I know i'm not going to i've already made one bold programatic about the and cycles and say that crypt or is officially dead. But I do you think recently more headwinds this time around the cycle for that part of the industry, which um I don't believe should I mean not that I shoot exist but I think it's all a sm um there .

there's a divergence, right there's a palnatoke verging it's for most participants it's bitcoin and there's everything else now that doesn't mean that in the short term random tokens will you know pumpin dumper, whatever um that will probably happen forever. Um but just in a general psyche of most participants is you have you have bitcoin and then you have shake ins yeah .

speak in and speak in and that feels fundamentally .

different yeah right yeah and is a good .

site into the next topic which is jack mellor's appearance on blooming burg I believe wasn't yeah yesterday and and this is a signal like validate we're just talking about right now our thesis attend thirty one is that the businesses, individuals that focus on the queen, you're going to succeed the most in the long run. And jack was on bloomberg, number one, getting a good pitch for bitcoin and why americans should embrace IT and number two giving a set update on on strikes business which we exploded the day after the election.

Yes so um strikes business literally doubled the day after the election um and ninety percent over ninety percent uh of bitcoin was was withdrawn self custody to which is too crazy stats that you absolutely love to see. Um I mean strike is is our single largest investment at ten thirty one. We've been in the trenches with them since the beginning.

I mean, jack launched strike in your studio apartment in the early days of a rabid al recap and t ftc, um so it's been a heck of a journey. He was I thought this was one of his best. Uh, he he's plenty of practice on mainstream of financial news, but I think this was one of his best. And it's cool to see at all come together. And I would just say, like if you saw the inner workings of of strike in the data day at strike, you'd be posting in all caps as well.

They are crushing IT show up to you, jack. Everybody has shake, feels good. Enjoy these good moments, beginning in the ball.

Things to work. We got good people putting good education out there on mainstream media Prices going up a perching hundred k. Enjoy the winds. Whether are happening or winning right now, this is what winning looks like. I mean, work still the and means amount of work to be done.

Oh exist yeah.

Whether is big winter oster the town of work to be done. Another disco layer, another ten thirty one portfolio company private one version two point out of their APP yesterday. And it's a massive upgrade.

And this is another company we have been the trenches with because they're been building out. There were a map product, and this is a massive upgrade for for noster, for primal specifically. But I think you hoster is going to love this.

I think I think this is yet not just massive for prime list, massive for nosters a whole um and IT IT really brings us the first class user experience. And like the way I view IT right now is you know primary is this top of fund um that will bring a lot of new users into the nose ecosystem um and then there's the beauty of IT IT because this is open interpreter able protocol, just like bitcoin.

As for money nosters for speech and identity um once they come in top of fund the beauty as they can go and use you know the the the many noster apps that are out there. And some noster apps are more suited for power users. Some are trying to you know have a more easy to use U X and more polished U X for for newcomer's.

And I think primal tries to try to solve that latter uh use case where you know a lot of a lot a lot of people will see the benefits of monster if it's successful um from the fact that IT doesn't require trust, that IT doesn't require permission, that everything is verifiable by default. Um so you so you know that that something isn't a deep fake that you can actually verify the post is is real and was sent by who you think that was sent to um and just the greater benefits of the open network, the censorship persistence, the ability to broadcast out to the world without relying on anybody. But a lot of people don't realize that value, right? And how do they how do they actually come into the ecosystem in the beginning? I think they come into the ecosystem in the beginning just because the APP is just a Better APP is just a Better experience, right?

A Better Better version of Better version of acts, a Better version of instagram, a Better version of van mo like this is this is people won't come in necessarily for the freedom. You'll get the freedom as a side effect. Um so i'm incredibly proud of a million in this team.

They've been absolutely crushing. They've been just hard at work for three plus months now um to release this thing. Um and uh it's it's pretty amazing to watch IT all come together and I will have I will have a month at little dispatch on tuesday um I think at seventeen hundred UTC, but I will announce that .

on master tell you I mean chose your own algo, choose on feed. I think that can be massive. And honestly, like as a daily bit in wallet that is very, very efficient, very easy, great ux.

So banka ato a um is asking in the comments h since adele has been raging about this blue check nonsense on x, what is this golden ringing thing on his noster that I can see on primal? Does he like IT? Um so this version of prime of does add premium features.

Uh and if you've been listening to the show, uh, I am actually all four premium features like I I think the idea that people pay for x is great. Um people customers shouldn't customers they shouldn't be the product, right? They shouldn't be data layers that are just just milk of their data.

And all the data is sold to advertising partners like that is the corporate surveilLance model. My issue with the blue check has always been that it's it's a push to do full identity verification on users. Um and with this premium uh with primal .

IT doesn't .

have that IT um is you just pay with sets IT doesn't require identify fiction. Now to use the wallet IT requires I D verification because it's a compliant wallet but you don't have to use that wallet. You know when I use noster um I use on pop out cash, you can use any lightning enabled wallet uh in order to to receive and send bitcoin on the northern network. So that's the distinction.

And so with primary premium, you get a bunch of benefits uh including media uploads um including a primal name to to make IT easier farn you on master um and we have a an additional tier called legend status if you give a thousand dollars or more worth a big coin uh you can get the nice little profile customizations and what not and then you don't have to pay. It's a lifetime membership is you don't pay month, you don't pay for year. You're just a primal legend for life.

Do you want to be a legend? I certainly do chd to BTC pins calling up, not event i've learned from the first, not dependent since to get off camera before I sneeze. Lucy, nothing came out this kind. To my a primal, you guys are crushing them.

absolutely crushing you day. If you haven't use noster a while, or if you never use noster, install the new prime, give IT to spin, send out a couple, send out a couple notes, score the feeds, you can choose different feeds, you can make your own alga.

The search feature is Better than x now, which was one of the single best parts of twitter and x for me was the very strong search capability um so that we bring a first class search experience now um and like I said IT earlier, IT has a built in substances section for like long form. You can highlight directly from there and then share out the highlights um and all of that interrogate with the global noster network. So if you're using primarily using something else you can still interact with that.

yeah. The next thing on the list is a doubling down on noster by open sets. You crope a blog post on the open sets with gg. What's in IT?

yeah. I mean, open sets right now, you know we're funding. So open sites is a following for the charity. For some reason you listen to show and have no idea what open sets is. Um and we provide one hundred percent passport donations to freedom tech developers, mostly bitcoin developers but also I subset in noster. Um and you know I think that in terms of in terms of of of free speech um elan has done some great work over at x um but ultimately IT doesn't solve the core of the problem.

Um I mean I think you can just objectively say that out of all the big tech seas that control these social platforms, um the censorship on x is by far the least but at the end of the day, it's still centrally controlled, has central points of failure and and one man just shouldn't have all that power. So I think now more than ever is important that we build up these alternative tools, these open protocols that that are not control by anyone by default. And as a result, open size is providing a quite Frankly, just A A ship time of support to open source.

Um developers working on noster, no strings attached. Um I were funding probably like fifty different apps on noster um Better just free to use for the public um and we are providing, I don't know how many, a ton of long term support grants um for key noster developers. Um so I think it's very much like bitcoin, you know in this idea that that the open source development community is the foundational bedrock that the whole protocol relies on um and we will see four profit companies like promo l um or like a company like strike exist within these open protocols. But at the core, we need to always support the open source contributors that make this these movements possible.

Um IT also is important to note that primal is they completely false project um so anyone can fork IT if they want to um which I think ten thirty one is quite unique in that respect that we do uh support a founders who choose open source and a lot of times we encourage them open so or some at the end of the day, their project, they can choose what they want to do um we don't pretend to control them, but we proudly support open source companies on the ten thirty one side yeah open sites, you know, we just keep we're just trying to scale IT out, be as efficient as possible. And we got a little bit slow on updates. So we just wanted to make sure everyone knew that, that were still shipping many, many grants out to to master contributors.

You guys a crushing in me. Thank you for all that you do to support with the big win and master, you got systems. Next up, unless we have the human rights foundation story of the week from the financial freedom report, it's coming from pakistan regulated VP s deep in financial and digital repression. Pakistan's military regime escalates internet center ship by Mandating that all virtual private networks, or B P S, as a more popular or known and be registered with the state IT even requires users to MIT personal details such as national identity cards and I P addresses. This crack down the roads the privacy and freedoms VPN offer, leaving citizens increasingly vulnerable to surveilLance and control and stifling the flow of information in a country where internet disruptions and bans on platforms like x are commonplace, restricted VP and restrict to VPN access exceed me could limit access to financial freedom tools like bitcoin, which is some degree rely on access to on and off rams like digital asset exchanges, the regime may further icily pakistanis from decentralized financial systems by tightening its grip on digital platforms and consolidating its control over information in financial activity. To read more stories like this on a weekend, week out basis, make sure you go and sign up for the financial freedom report news' letter at financial freedom report that work um .

yeah and I think this story is highlights that is important to always have a global perspective of these things. Um i'm grateful to be in american. I think uh I think we're incredibly lucky to have been able to grow up in this in this country.

I wouldn't want to raise my kids in any other place, build my family anywhere else. Um but there's a lot people that are in in worse situations in terms of um the ability to to access basic things that we think are just basic tools that we have access to. And this is where freedom tech really starts to make massive change for the world.

Uh in places where people really, really have the need mean something as basic as A V P N right or as basic as access to x where you just assume you can always access twitter, facebook or instagram or tiktok. Um is is is is is necessary for people to uplift themselves. Um so we need protocols like big and monster.

I also much I realized that were just looking so hard at open sides that I forgot to list that we also announced our next wave of education grants. We're trying to support more, more open source education initiative around the world. Um so we were very excited about that.

And also since its november and biton is nearly at one hundred case. So there's a lot of you they're probably sitting on gains selling bitcoin for dies or other life expenses. You can get a tax deduction by supporting open sets.

So we just got to open set, set already. You can support with dollars or a big coin. You can do anonymously with bitcoin or you can get a tax deduction and will give you a tax seat and all support is appreciated. Will will put a to .

a work think about IT first think about IT and before we get to shout out from last week episode um but you want to mention unchain, another one of our sponsors they're having. So if you're new to bit coin and we've got a lot of people in life stream right now for going to this to learn about bitcoin what's going on and you're trying to get your your bearings about a between approaching one hundred thousand dollars two to mister and jeff ander, we're gonna hold uh a web on ARM on december tenth with unshamed. Um so you need unshamed outcomes R H R and sign up for that if you if you want to get a education from one of the best in the world. Third, mister, on how to prepare um for a life where or bitcoin is the standard to cheat that out, 什么的。 对于 fountain bug in out for me right now， we try and pulled .

up on pull IT up.

I'm going to found out on slash charts, we should be at the top of the charts. You guys support the show. Thank you. Thank you.

freak for all your support. IT keeps me coming back week after week.

The top four boost from recap three thirty one the greatest.

Marty, hello, too powerful. Should I read IT greatest big and bull run of all time? Uh, we have read with twenty one thousand sites saying western mass pick in, meet up is this weekend.

Come join us on sunday at six P. M. At peppers pizza in east long metal, just south springfield grab, slice and join our secure tic style bitcoin news and bitcoin education.

Meet up. cheers. Um we have eight metre. Dear rider, I freak with seventy thousand seven hundred and seventy seven sets.

Any comment on N, V, K and bitcoin clock A B T C B T clock. Um I mean, I. I have no comment on this time.

I mean, I think that. I think people just love drama. Um I think we'd love to eat into drama. And I think you know tradeMarks are all as A M messy beast and you have to enforce them in order to keep them. And I will say that a despite the many conspiracies of ten thirty one being the largest and exclusive investor in coin kite. Um you do not appreciate M B K if you think we can tell him how to run his business and I would last but not least say that um while IT was a clearly an open source project um and anyone can build themselves a IT also very much look like a knock off to me that was being sold to the public. So thank you eight meter and day for your constant support of the show. I was trying to avoid that drama um but if you support the show we have to run burgin d style read IT and hence I read IT um IT looks like read was also the number of three supporter with fourteen thousand one hundred and forty one sads we have married with ten thousand sites saying thanks for the rider ipod and then we have user two eight zero six six to six, two ten thousand sets saying, for what it's worth, I started learning about big coin from gangs ers IT courses online prety s his chair thank you for for supporting us and thank you for marty for coming back to the show.

Drop out I I found reading I at eight .

and the years I don't .

like a long rand then I came back to ek.

are you answer tips?

Yeah to see you respond and you are midway through your response.

I know what what's your response?

I think you handled well clear that it's a knock off ten. I mean, that's yeah very similar thoughts to what you I mean.

I put in sex to see someone's get up report, just get taken down. But uh, I would say that's A A important lesson on why we need to have, uh, censorship resistant github alternatives like n git, which is a nasty based one that open sets is supporting .

and get go check IT out. Thank you guys for the boost. Thank you for everybody. Exampled out stream live chat for tapping us as we record we ve got a couple or a few or more than a few twenty one thousand sap s shout at all. You move um this isn't there backs in space to every shred .

them out.

Thank you.

But yeah, we appreciate all your support. Actually like like the ride I fix, I join us in the live chat. It's just great to have you guys as being. Being a part of the show and that man can go fuck themselves. Now that i'm in a live chat.

what do they say?

In before a deal backs bit main in their inevitable lawsuit against bit acx because it's a knock off getting forced trademark. I think I think .

a lot of .

you guys just love drama and and fuck you all for .

trying .

to bring me into the drama thing out of this one. I've done enough. I literally zero to do with either side of this. So i'm just gonna keep supporting open source projects and supporting bitcoin oster businesses to the best my ability um and try and always do right by you guys same you guys already know .

I hate the drama night very simply comment on IT so will not be commenting on on IT here um next up software updates my wife is back from her massage to go on a so Vicky nice added inheritance feature to their sweet is pretty good to see um I think .

this is absolutely be huge. I think inheritance is A A hard to solve a problem in the self custody world. And uh, this is not out yet is this is supposed come out in january.

So we don't have exact specifics um we just have this blog post, but IT seems like they are handling in a very clean way with smart trade ffs. And at the same time, they recently announced that the key is now available at best buy an amazon to make IT easier to get them. Um and I I mean, I think I said this last week, but I think like bit key couldn't come at a Better moment in terms of where bitcoin is right now.

And anyone out there that thinks like self custody is too difficult is currently keeping. They're bit point on an exchange or an custodial wallet. Just go buy a bit key, go buy a bit key, go to the flow on on your phone, on your phone.

You don't have to like watch a two hour video on how to do IT is incredibly easy to use. You have to almost go out of your way to lose your money and then you still probably won't lose your money. Um and it's it's it's the first is the first you know harvard by self custody solution or maybe the first real self custody solution where I feel like I can just give IT to someone and let them go through IT.

And IT doesn't matter what their technical level is. IT doesn't matter what their big coin level is. Um they can be relatively secure in with their big cline. So I I think i'll probably be giving a bunch of them for Christmas ah this year um because it's just a really, really good starting point on your big one journey. So yeah .

we don't have R H R promo code, but even the code T F T C twenty twenty percent off and I believe they are having a big black friday sale next week.

They did say, you know historically it's just strictly Better from a restaurant perspective to order directly from manufacturer. Um there have been there have been situations where like fake treasures or um treasures or our measures that have like sieves preloaded on them get sent uh to to users and their funds are taken.

And you have this additional man in the middle risk um with big key that's a little bit less so uh if you make sure you're actually using their correct APP when you're initialized IT. Um and so I I I think the risk vector there for their trade off models is is significantly less um then traditional hardware walts. Um but it's a trade off nonetheless.

You have to you have to at least be aware of additional man in the middle is so like when you received a package, like make sure like IT hasn't been obviously tampered with. Um I don't think best buy is man in the middle. Uh, harder wallets.

Um I guess a ROE employee could be doing IT though, right? So there is there is some concern there, but just thinking about how you go through the big key flow, um that attack vector is is is probably not too high on the list. But IT is definitely something to be aware of and is always Better to get directly from .

manufacturer because with that set up, they can .

they .

can only really attack the hardway device.

Their APP would create part presumable like the APP is actually verifying that is a legit piece of hardware that hasn't been tampered with. And i'm pretty sure that once you set up the bit key, you can't like change, like it's just like user.

No, that's great. Design trade off .

yeah I mean makes other design trade off, right? Where you have worst privacy than harder. Well, I said you can use with your own. No, you don't have a screen on IT. So you have more trust in the APP because you're not able to verify receive a directly on the device, but it's a very deliberate trade off model that they made. And um IT provides a very deliberate use case, which is if you are new user, if you are um technically overwhelmed coming into bitcoin, IT is just strictly Better than than having some custodian hold your big line and IT appears now that you know bitcoin twitter mostly dead and now it's just microstrip gy twitter .

um you know hold microsys .

stock or a whole bitcoin your bike I I would take whole bitcoin and bicky any day .

the fucking week yeah agreed. Software update session of the show we've got treasure sweet APP version in twenty four point eleven point two, which has been released looking like a lot of ship coin updates. You can opt in the auto updates, automatic download, install the latest updates with a one click restart to apply. I just I put .

this as a friendly gesture, because I know a lot of people use treasure, uh, but I just don't even see unless it's to hold jack coins like then I make sense to the treasures or leger, but like to me it's like cold card if you're if you're more advanced and you're holding more money um and then bicky so like those are two that's my two recommendations. And you know let the conspiracies run wild on frees .

all loss makes one point to rein instagram like moster client for IOS and android has been released .

using yeah just crushing IT. This is extremely beta but very early. But yet it's the goal is is to bring an instagram like experience to master um which we absolutely need. I mean I you know have a new instagram over a decade, but uh billions of people do um so I think media first noster experiences, whether is instagram like or tiktok like with videos um should be out there and they should be uh supported uh in terms of having them exist and like I am not onna be using IT put call to say great job problem .

chat to aba n dk mobile has been released, it's not development kit. Um another problem, the new library that he's been building as a by product in the past couple of months.

女性 把握， 女性 把 我的 网站。

it's not .

that data, matt. Fuck rude. It's pretty beta. Like I mean, I think um there's like a lot of bugs still on IT. You got a cleaned up. But the best way you can help problem if you want to see an instagram like experience is to use the APP and then just tag him on nester with any bugs you find um and if you tag me for the next twenty four hours, i'll i'll just repose those yeah to remind people that the bugs exist being .

made war that we hit a new all time high right now nine nine thousand, five hundred sixty five protein, one hundred thousand. We may stay on until we had one hundred games. Are baby to be .

fair to problem? He's saying, I got a lot Better than last two hours. The space moves fast.

IT doesn't.

And I I can't interrupted you. People also released N D K mobile, which is a mobile first master development kit. Um so the guy is a legend among the man and he's a good friend and i'm just grateful to have him laser focused on noster.

Um IT makes a big difference. So thank you bro. It's wonderful to have you as part of this moment.

lobby pa. Last but not least certainly not least not a software update. Um just a terrible update.

The U. S. Purchase page is soft. You're going a in eleven million dollar deal. Um you can see this on if one of the official government websites of columbia um I will translate so I can actually read my spanish is not investor dan ogc opener melt was seen her.

What house officials to address the acquisition in uses a peg is software in columbia. For those who are unaware, we've reported on pegi many times in the past a software that essentially allows the government to own your own, not devices. Not great. Yeah I mean, this there's like there's .

so many elements here, right? Like first of all, this this what we started to see is this new trend where small countries that usually don't have the capability to spy on their citizens and and control them digitally, uh, just buy the software from private companies, right? So capability is that were usually reserved to like the n essays of the world, and like the china's secret service.

And russians and israelis are now available to like any dictatorship in the words any government in the world can just go on and buy them. Um and then on top of IT is just we, the U. S. Taxpayer money just paid for colombia subscription. So i've seen now .

two edges of .

a of a horribly sharp sword kind of insects to say so that's why I feel that in there.

Yeah, no, thank you. You're thrying IT in there. As we get caught up and in the excitement of the bullet market and new all time highs every day is important that we do not forget to focus on the freedom aspect of the show and highly ate these stories as they materialized.

Easy to get swept up in in the excitement, but there are still a lot of terrible ship going on in the world, particularly at the level of of government spying on their citizens. So colombia, it's taken step towards the modest pean future. And just pull a bit, but we're going to hanging out for ten more minutes. We need you guys. You all right.

What are the what are the chances that we .

actually pass?

I am. So what do you want to talk about? What we wait?

How hard do you think we go? Do you .

see that trump is urging um the process to be denied? Was this on your radar?

No, what's that right?

I think he was passed by the house and needs to be confirmed by the senate. Um but IT protects confidential sources for journalists um when this seems important and hate to see anyone be against that, I mean I think that's like a key tenant of free and well functioning society um but that's why I noster is so important because you can basically have distributed unstoppable wicky league without any central points of failure ah which I think is massive undated. Everyone talks about IT is like an instagram competitor or tiktok competitor but yeah that could be bit tiresome.

Yeah that's great. There's something else I wanted to bring out. I just got out about IT well.

freaks in the live chat. What do you want us to talk about? You have any questions for us? I've loved jack mellis last two weeks is just, uh, it's like him in a Cameron, a live chat, like answering people's questions. You got anything for us.

Will you are just.

they are gone.

Will you are we going to stack the top when he hits one hundred K.

Ah every every Price was once in all time high you understand this. Um I think I I pretty much stack every top that is existence since i've got an interview and i'm going to keep doing IT just stay on .

on stacks us about IT yeah the bright northern had a good tweet yesterday. Pretty meta. IT was like big. Most people don't realize that, but bitcoins never been cheaper. Now IT is today, which sounds crazy as we're sitting at all time has.

But what he was really getting out there is that from a risk reward perspective, whether that be career risk at the institutional level, risk as an individual using a store value, bitcoin this year has been significantly dressed. And the risk reward of adopting bitcoin now at all time rises way lower. And IT has been historically, it's never been cheaper to get in tobaccos. Always great a good time to adopt Better technology freeze.

Yeah I mean, the risk of work profile parly, I agree, has never been Better. I go with that. Um marty, do you still think you still you still think supercycle someone a free guest? You still on that train? Ah what about your great new hit single? Ah, this time is different.

The boys of the bugle, the boys of the bugle put out some bangers. I think that could be the song of the cycle. And very, very proud to have a small part in IT you you should be to you I think they called you a gay bear.

You you don't think that you know they called me a gay bear. And i'm aware of this transmission against my character and I will hold IT against you guys for a while. Yeah um I got to do I .

feel like we're we're actually preventing the all time I said we're onna end, the streams of that we go over one hundred thousand. You guys all celebrate individually. Love you all.

Thank you for joining us on a friday. Working with my schedule, we will be back next week. What are we gonna next week? thanks. Having next, next wednesday.

How are your family? Well, yeah, we can do wednesday. What is wednesday? The day before things? Giving clues to black private? Have your wife hide your family? Standard sex sets.

piece of flicks today.