THE GREATEST BITCOIN BULL RUN OF ALL TIME | RABBIT HOLE RECAP #331
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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 the central banks going nuts. So it's all acting like safe, hidden. I believe that in a world where central bankers are tripping over themselves to devalue their currency, bitcoin wins.

In the world of fiat currencies, bitcoin is the victim. I mean, that's part of the broadcast for bitcoin. You're not paying attention. You probably should be, probably should be.

probably should be. Abb, you started a trend. Don lemon, matter. Dell down. Let me just read all leaving to mark cuban.

Put that is, those are my people I don't want to be group with.

Hey, they say, I did. They say, hey, I need, I need to stand on my principles as as.

well, i'm out. No, they're like to follow me on facebook threads.

Blue sky, why not noster do these people not know about .

noster the cuban? Cuban is not dead. He just deleted all his tweet, right? That's just like some weak scammer able ship .

he pop up on blue sky. That was like, hey, what's up, fellow friends? I'm hanging out here now.

He deleted all of his Harry streets. Who does mark IT.

apparently.

who does that? That is the weak as should ever.

They do not. Never forget mark, you can delete as many tweets you want. We .

don't forget. Okay, him down. Lemon, enjoy. Can all go fuck themselves. I don't want to be grouped in with that category. That is .

be too late. I think you get to decide.

Well, you know, I did my thing first a way before they did their thing. Um first of all, a lemon like he did actually like has not even delete this account right like he released like a Price saying count and in .

the press release was in the form of like a printed out letter with like signed at the bottle of the picture of himself folding a mike yeah he should I .

would like to see him actually go through with IT you know like you don't do like the prancing cement thing, you either you either delivery, you don't you don't need like all the fan ter around IT.

He's been reduced to like tiktok man on the street interviews .

from and then to joyce credit he actually did press the duty button and but that there they're delete ing for a completely different reasons for me and they're going to facebook and blue sky. You they're like follow me and youtube. They should just delete at all and go noster only.

But they they act the exact that you have proved in the putting that they don't use as to right. Their goal isn't an open protocol. Their goal that's like completely .

opposite of the and if you're safe.

yes, my is just the opposite of that.

Yeah interesting. The note you brought IT out.

I will. My decisions either age beautifully, but either way, i'll just be a living in the forests, grow my family. I peace.

You mess up the title on on ex.

What did I do?

It's in the fed, especially the great test bull run, bitcoin bull run in history. What's IT on youtube blogging? IT looks correct on youtube. I think I just checked IT.

I did IT through restricts.

so m key.

I even double check. I don't. I I mean not take the blame. I'm happy to take the blame for IT.

It's still a good title IT .

the greatest is the .

coin bull run of all time IT feels like you are you calling for super cycles this okay.

Can we? I'm glad we got the important thing out of the way first, all because that that's all robbing me the wrong way that i'm being grouped in with them. Um the super cycle we need to define what do you mean by super cycle.

So what do you mean by super cycle? Do you just mean A, A, A banger of a cycle? Or do you mean like an end of cycles?

The latter a consistent bid.

yeah. The day the of .

the end of the eighty five percent dumps son, who knows? Maybe life twenty to fifty percent dumps in the future, I think consistent bid?

No that I mean, okay, so let's let's do some math, right? Like like let's do some basic math.

We all know a very good math on this show, so let's get into IT.

So twenty sixteen, the twenty sixteen, the cycle we went from eight hundred to twenty thousand dollars, right?

Six hundred, six hundred. And november twenty .

sixteen to seventeen thousand.

yeah.

more or less. I mean, there was a blow off topper. Twenty k, right? There was like a blow off topic, like twenty five hundred or something and then the twenty twenty cycle we went from um like a top of a previous top of like twenty k to seven D K or something like that right like three and half you. So if you did that.

if if you where you get your customers that went like three effects, let's go from.

well, we should go from top to top, right? Just to Normalize top to top. So we went from like a thousand to twenty thousand and twenty sixteen and then we went from twenty thousand to seventy thousand and twenty twenty.

So one thousand to twenty thousands, obviously to twenty x and then twenty thousand to seventy thousand is the three and half x. So our previous top was seventy. So if there was a if if there was anything like the previous two cycles, IT should be between two hundred and ten thousand and two million, right? Called .

for.

okay. So we know now you're calling for greater than that. You're calling for not a one point eight million dollar or blow off top.

It's just if there's no cycles that we're just gonna keep lawyers just going to blow past one point eight and just the train never stops and we never have. I guess now you're saying a correction greater than fifty, fifty percent. There will .

definitely possible. It's definitely .

possible you .

have new texture. I had a line discussion last night about this.

I think that's insane. I think you just had I mean, you had some guy in the podcast who have never even working heard of. He came out who is that guy that gives the super cycle guy that you had?

I have a super cycle go on.

Who don't have not. I do not have a super cycle go on.

I do not have a super cycle guy on.

no.

like has a super cycle guy.

You have a super cycle guy.

A lot of guys in broadcast .

now you got IT IT, now you got IT in your head. But I mean, there's of course, this is gonna a blow off top. I mean, I think we won't expect the world of top and the world of top happens.

We never do. And I don't think people should try and trade IT. I I think you should just stay on what starts. And I think this barron's gonna fucking insane, like I think last I go, was suppressed by paper bitcoin and all the degeneracy games that happened. But I mean, but to say it's just like the end of blow off tops in bitcoin is just seems like a bullshit call .

you call a bullshit I call IT. Looking at the multivariate using of to the .

conclusions where .

the multiple .

marty come from mum .

and turned to spend my vocabulary and convenient .

will be varied.

You have many different moving parts.

Variables yes, yes, there are there are many variables at play here, I think um but I I think humans are inherently uh like the the beautiful thing about bitcoin is that that is a proper free market. There is no you know it's bowling without bumpers, there's no parachute, there's no lender of last resort. So I think what that results in is I think that results in blow of tops. I think that results in people calling for super cycles, when were out like the second inning of the bull cycle and then getting in way over their skies, leveraging up because their favorite podcasting, or told them as a super cycle, and then we have a blow off top as a result.

Don't leverage ff free slogan.

pull of the tweet .

going back to last cycle to this is a response. Go to the original. The week i'm responding to do this is.

Bob, he gets my bum rebels. I just put her at his name. Long time following are going back and forth, suns ater for years.

And I think this is really important. He highlights what you mention. Who is that last cycle? F, tx, really dampened the potential upside of big coin due to the fact that they were really high.

pathetic. Good on on my tweet. And that's why I think many people are disregarding heading into this cycle. Um I think it's going to be more like twenty sixteen if we do have a blow off top. I'm saying i'm not saying super cycle here.

I'm saying the multiple ied scenario that is unfolding in front of my eyes, you can land on a conclusion that this could be just a persistent cycle, persistent bid under big way. And I think heading into this butt cycle, as I say in this tweet that um were much more structurally sound, people don't understand that f tx, block, ky, selsea and genesis, they're low. Ups essentially forced everybody in our industry .

to increase their counterparty.

Ah i'm said, I mean, we seen we ve seen this in the portfolio. You had tons of users rush to strike on shame river bitcoin only companies uh, in the aftermath of F, T, X. And then behind the scenes too, I don't mean who was enabling all these genesis. I think they've learned their lesson going through their bankrupcy proceedings and nothing end of the OTC is like cumberland or the other one. firefox.

Fire blocks, not fire blocks.

It's got a fox in IT, one of the O T C. desk. I don't think they're going to engaged. And so I think much more structurally. And then like we've been talking about for last a few weeks, you have different buyers command state actors. And then I think .

too the are the responsible state actors in the the banks super responsible player. Well.

that's what I think. I think we're severely understating the potential for echo inflation, seventy style echo inflation because I think that can play in topic in favor heading into this cycle as well as like you, you have the perfect timing of nation state buying, strong structural floor with very little leverage compared to previous cycles. And then inflation wears a ted again in spite of what may happen here domestically.

Like I was having conversation last night, one of the catalyst that could lead to the blow off top and people to jump out a big coin is mid term elections. Who knows how the next two years gonna go for the trump administration if you have some economic turmoil and we get to meet term elections and people point a big coin and say this is creating some of this economic stress throughout the economy that could be a situation particularly amid term elections. Go um a certain way towards the left.

There they can come in through a water on on the bell market. But if inflation is running and the influence that american political system has on the market more broadly is less pronounced that IT has been historically, you could have outside nation state actors saying, I don't care what the U. S. Is doing and continue to buy. That's something.

And that was you just you just what's .

a call .

when you're in congress and you .

just fillibuster yes.

you just fillip ster answered me.

You fill a buster on the show. We get a week and I get one filled buster year. Okay, sir, that was my fill of butter.

okay. I am not saying that there will definitely be an eighty percent correction, but I think they're be a blow off top at some point. And i'm you know probably more bullish than ninety nine percent of the planet in this yo.

you're not more bullish than me, sir, for I left .

you in the one percent. But I mean, you also like engagement beating like, you know .

i'm not no, i'm not. Do you know at some point? No, i'm not engagement beating.

This is exactly, this is exactly the scenario that LED me to two enter cy by convert day because everyone just throws up politian numbers. So your incentive is to just throw out the number that higher than the other people's potion numbers.

I'm not turn at a number at at one point.

you've hit a whole new level of engagement painting because you see .

the number of good enough forever law.

I agree. I I think bit is designed upon forever is just not designed to on forever without .

listen in all service, in all serious. I'm not engaging in beating IT is I think my view is a big contrarian in our industry, in our circles in that we all know that the cycles and at some point at some point there is a tipping point where it's so like, right, we get IT. Um we we don't have this specular further.

It's less specular in nature and more of asset that people want to hold and stable. And many people think that's gona happen in a couple of weeks, les, that I think people mean I get caught the sidelines, but get caught by surprise to the upside. Well, I think there is a potential that I could be this .

cycle um this time I I just want to put out there that in the months leading up to the blow off tops that we've had in the last three ball runs that I participated in, right what is like twenty thirteen, twenty seventeen, twenty twenty one? I've always thought that hybrid organization was upon us and that we've had a new paradigm and that this time was different. The only difference here is that you are saying this literally and like inning two of the ballon, like we have just barely begun to just to show you like there's a good chance that this one is the one that gets blame for like taking down national economies like we might see like the biggest blow of top that we've ever seen in bitcoin history might be this cycle just because people argue that are usually a little bit with more well reasoned at this point in the cycle, are already calling for these things.

Call out where my reasoning is off.

I I think I think if if your argument is this time is different, it's IT behoves the person who is arguing at this time is different, uh, is actually different. Like I think this should be expected that we have the U.

S. Government with reserves.

By the way, I think that we do actually see a gig bit reserve. As an executive order before june fifteen. Pero last that .

I mean specifically .

said a bill like I think if you go back to the tapes, we we were talking about the congressional bill, not an executive order um but as as a friend, I if if we get an executive border, I will still happily pay you out and that would be the .

most good now I mean.

I think i'll be having a quite a good day if the U. S. Government, however, they announced IT, announced that they're going to stack .

a million billion. Is that different than less? Like what would that be different?

I think that would be different. Yeah but there's like history doesn't always history doesn't repeat IT tends to rim.

And what is the ride from last cycle that is to .

arrive from last cycle is that we have Michael seller early talking about yield and like getting yield on big coin and pitching IT to as many suits as possible.

That's not. That is a this characterization of what he's pitching. He's itching yield of, like her strategy shares denied in bitcoin much.

You gotto put your bitcoin to work, don't you know this?

He's not saying that. He's saying we can get more bitcoin per share by enacting this convertible note strategy. And the strategy IT come from the ability to biba coin using cash raise from a convertible note, the Price of big coin between when the convertible note converts from debt to equity, like allowing you to increase your billing per share, the Price of bitcoin goes up, the Price of microgravity share goes up. IT then converts to equity and the result of that new dilute equity being distributed to shareholders despite the fact that IT is technically dilutive after that equity conversion, you have more big queen per share. I mean.

think that he's talking no, in addition to that is also trying to get yield on the big one.

Don't try IT, Michael. Not gonna out well .

for you know he's say that unsafe like he's trying to get .

five prettie obama's big yeah I think he was battle testing the idea and got shut down .

pretty progressively. I the suits are going to play insane to genera games, but coins going to get more and more entertained with our early, incredibly fragile macro environment. And there will be a blow off top, like I expect there to be one. And if there is not, you know, i'm not going to be trading IT. So like I I would love, I would love if there is no blow off top that would be a phenomenal um but I think I say cheap engagement trick to say that .

the I appreciate this cheap engagement trick activation. It's not for engagement minutes. Don't go very long, stay humble stack acts. I'm to say things have changed. The multivariate situation is the new variables have been introduced to the to the equation and don't .

big work to fix. We have we have someone we have Dylan in the natural chat asking who is up most on their beds. martial. Matt, I think we're like pretty much even like I think we're just keep passing the chips back and forth. I think all right.

Yeah I mean.

you can check the tapes. They're all there. But the big one we have outstanding is the metal never cleared again, which is a four year bet and .

a million that yeah it's. It's i'm reading a tweet right now mico model let's face a Peter more comics exit from the bitcoin space left to noticeable gap in the space and so far no one knew or seasoned has stepped up to fill IT.

Yeah, it's not going to be I love you, but it's not going to be my age amount. That's for sure.

I don't think he's .

going to do IT. I think I think Peters got to be heavily regretting his is .

I say this, I love Peter is terrible tipping.

I know a couple of people are I know a couple of people are attempting to fill that. I think this is gonna one person that's going to do a quite a good job, but I don't think he's ready to announce yet.

IT should be soon.

He is not really announced yet.

signal.

But I think you know I think obviously R H R is not the what they could did demographic or more the right dies so it's stuffing, not us.

Um know I think the difference the key difference with all these I see like I would put Peter in the joy read and don lemon camp because these people these people want to be influencers like they want they want as many people to blindly follow them as possible and and for that you need network effect like is incredibly important. Um for me i'm just i'm completely fine burning the boats. I'm like at this part of my bitcoin journey that really the writer dies or .

all that really matter to me so I agree that is funny yeah. Timing of IT the that you could of the joy read down limit of coins. Very funny.

With that being said, for the writer dies that have joined us in the live stream and who are listening after we posted IT to the R S. S, V, let's jump into the show. It's got a Clark dashboard.

Current Price point is eighty nine thousand five hundred seventy cockboat one cockboat is gna get you one thousand one hundred and sixteen sats. We're sitting at one point seven seven trillion dollar market cap. There are only four percent away from the all time high, which is said yesterday, ninety three thousand three hundred and sixty box.

We are block k eight, eight hundred and seventy thousand three hundred and nine, which means we are six hundred and three blocks away from the next difficulty we target, which interestingly enough, as IT right now is looking like a negative adjustment of point five percent blocks becoming in at ten minutes and four seconds on average. Since less difficulty adjustment, which I think we skipped over last week on since we skipped over the last difficulty adjustment was in upward six point two percent adjustment. There are currently one hundred, eighty six thousand and two hundred and sixty five transactions in Clarks man pool.

We ever to mental that space. We will see that they have two hundred and sixty eight thousand, four hundred and seventy one transactions in their mental. And despite the fact that the Price has been going up rapidly, people have been very focused on big coin this week.

Fees are pretty reasonable. Eighteen sets per v by for high priority transaction, seventeen, six per by four medium priority fifteen sets pervy bite for low priority transaction. That is the state of the network.

When it's pretty it's pretty sad how empty maples happened .

during this Price is interesting isn't IT when we get two, three digit sets per .

cut book when you know when self custody improves.

I don't think that is going. I think we'll get there before that happens.

But well, I mean, it's GTA be a metric that point to you think.

I said three digit sets per vi, but i'm talking about seats per cut back .

when we oh.

what is mosk time go to three digits.

But I say, I say in the show that the argenton piace .

is at that piece parody you didn't know, told the when you .

go to the cava, so whatever, if you give them like a million side, you get a million. And you give them A A, A million side to .

get a million places that that we were .

going to dollars too. I eventually, eventually a million sets will buy million dollars. And yes, that is a one hundred million for big coin call. I'm just.

I think, engagement.

I think it's gonna a couple of blow off tops before we get there.

That's all okay. You heard of here first, one hundred million dollars .

per big will make that the title next. Ah what is the current sites? But we're really close to three digits.

It's one thousand, one hundred twelve.

Yeah that should happen pretty soon. I think. Yeah, i'm feeling i'm feeling quite.

Quite bold up.

I can run through a fucker wall right now.

Yeah I mean, I mean, talking about bullishness. Bitcoin surpassed silver as the eighth largest asset in the world once.

That's a big one. That's a big for a special for bombers that really hit them and hit them where they hold.

So what is that site? Or all that's being tracked as is right by market cap currently he still number eight. We briefly surpassed the raka, which is at number seven at at one point eight o four trillion dollar market cap briefly passed them yesterday.

I needs a little bit weird comparing into equities, but like the silver is a nice apples to apples yeah comparing like servers is a big deal. And then what is gold? Like gold, we'd have to be like eight hundred and fifty thousand per coiners something to flip gold.

Just a humble seventeen next from here, seventeen or not even to seventy eight half acts from here.

Yeah, way less than seventy eight. Are you doing? Are you doing math at one hundred K B coin yet?

No, yes.

nice round number. You just round up and do the math from there. It's a eight and half acx .

yeah but going back this, I mean, IT is pretty razer just pass. Silver, which has been used as as money as a monetary good for thousands of years, has millennia of Linda built up in bichon in sixteen short years, has surpassed silver as a monetary asset with authority. We've got saudi ramco, and we're looking at largest assets in the world, which include gold and silver.

Big wins at number eight in front of us. We have, sorry, ramco, alphabet, A K, google, amazon, microsoft, apple in the video. And we're about two x away from leapfrogging others than just sitting behind gold for a period of time.

Imagine owning and video shares are not bitcoin.

I mean, in fairness, I think it's performed pretty well compared to be going over last couple years. But yes, moving forward, if you just have no video in .

videos in the super cycle, do you think that up?

I think that may be in the process of a blow to me now two hundred four percent year to date. If you look at the five year, five years of twenty seven hundred and seventy seven percent .

that don't map twenty one rider to free and stream, which you can access at R H R T V, slight stream has sap twenty one thousand sets. Is the today so far wonder you'll .

be topped will see you to create some competition there, said a five hundred set zip p coming on. Zap that stream. Enjoy us there. Next up on the list, getting to more serious topics. Bit tween flow. User roman stirling off gets twelve one and a half years for legally running bick win fog beston couldn't quote junk science um we have been talking about this case for the Better part of two years now and it's really unfortunate to see that the court has decided to throw row roman starting move in a cage based off of chain surveilling data that IT was black box and not really substantial. I think we would argue IT .

has meant trumps apart on him and not that i've heard anything to that effect, but IT would be great to see. Um I mean, specifically, roman has admitted to using bitcoin fog, right so biton fog is one of these h custodio mixers, right? So you send them big coin and they send you someone else's big coin.

Um so all users of custodio mixers are relatively easily tied on on the broad chain, on the ledger of transactions, right? Because you send you will send your funds in and and you get different funds back out. Um and that link on change is is is fairly obvious.

But um the idea is that the link between your original funds and your new funds is not right IT breaks that probability analysis. And so for my understanding of this case, they don't have you know really anything concrete that says that he was actually Operator become find and not the user as he admits. Um the main piece of evidence my understanding the main piece of evidence is that he took some bitcoin fog funds and senate IT to his K Y, C. Crack in account .

yeah look and score down and pull up the the flow .

of activity change and then meanwhile meanwhile, chain analysis is running a completely close system. They won't even let the defense uh, verify any of these claims are look at the software are themselves um which seems to me completely on constitutional like that if I can saying once again not a lawyer is not a constitutional lawyer um so the defense says that they are gonna peal this case but um from where I look at IT, basically any big corner could be in roman shoes.

You can just use this current like I think nobody should pit going to a good job calling your junk science. You can use this you junk signs, black box bullshit to uh implicate anybody that uses a big line and transaction with that that you don't like um because it's just at the end of the day, it's guess work, right? It's probability analysis.

So pretty hard to say. Oh, one last piece that seems highly relevant is that biton fog is still Operating. They've had to in jail for years um pretty well in the website is still the the service is still Operating, which is crazy yeah .

and will read what the U. S. Attorney said is proving at trial room sterling off created and use an online total process, hundreds of millions of illegal transaction in illegal transactions, enabling dark knight t drug dealers and those who sell child sexual material to Operate today, and sends an unmistakable message.

Those who help criminals with online payments for their illegal activities will face serious penalties. This prosecution also provides more proof that we have the skilled investigators and talented prosecutors needed to hold those who Operate these dark net sites accountable. U.

S. A. Turning Matthew m. Graves for the district of columbia said that in a press release. And I think um what the to saying from ox t research, he is very important this is very disturbing that this the scientific the method has been completely ignored while considering that here say or anecdo evidence of past successes a replacement for tracking false positives and negatives. Yeah, lola has son thought here too lower leads from the rage.

The government is now seizing the little bitcoin he has left, while the billions of dollars he allegedly made Operating bitcoin for continue to remain counted. For another important detail, if he was running IT, where where is the, where is the money he made from running IT entire case is a great miscarriage of justice, another stepping stone in the U. S. Government's war on financial privacy.

Yeah, well, is doing great work. A her her side is the rage dot cow. I did.

I did chocolate low to myself that one of her posts was like, I don't mean to rain on your guys parade, but they're using ross this case as a president here for the roman trial. And her favorite thing to do is rain on parade. So that's little M. O.

But it's important is important that we have people that are still skeptical and still pushing back in a big way and covering all this stuff because I I feel like big corners in a lot of ways is is when were most vulnerable? Is when the Price is skyrocketing, right? We're all gold up and excited. And then meanwhile, this stuff, all this badge IT is happening behind the scenes um and we all kind of just turn a blind eye to IT because we gets the engagement. Is someone in all caps saying that the super .

cycles upon us never put IT in all caps?

You haven't put in all caps yet. I saw you're eighty first first market. You've been like plane around with this. You've been dipping your toes.

I want to hear from you look the post call the cattle black right now this r two hundred k by conference .

day in twenty nine out again and to hear that you saw two hundred by conference .

state last cycle cycle and you.

by the way, which by the way, I repented for because I said I I to remind everyone to stay on the tax sites every morning for two hundred and eighty days during the generation problem. So I repent and i'm i'm gonna be Better in my way. I'm not admitting I was in that fault.

But you you dance ed around with IT in the in the beginning of this cycle by saying there be no more dubs and then they got adJusting. There will be no more greater than twenty percent correction then, yet the twenty percent corrections and then you pretend that to happen and then you said A D K, by election day, which was directly correct, but still wrong but you said IT in all caps. I saw IT in all caps.

the poor sr.

and all S, D, K, O. And and now the super cycles upon us. So you've been like, now the I, i've been watching to play up.

We have many marine, real one, just one hundred thousand sets. Thank you. marine.

Marine.

that is new.

Generous of you, marine. Appreciate you moving along down the list. Open seth long term support for mr. Cool guy.

Love to say that he works. Um he's the lead maintainer of the federation lightning gateway. So it's the way the famous are able to interact with other prettier and the greater lightning network. So the key aspect of element and he's also being forward to work, he is also being supported by spiral. So this is uh one of is becoming a low as becoming more frequent where open sets um is co funding with other organza.

Great to see, mister coal guy said that mister coley said my goal is to improve fittis lightning user experience in the bridge of functionality between federal e catch and the lighting network. I want lighting gateways to be easy tool for node Operators to use to expand the utility of the lightning node into provide lightning payments for their community. Great to see.

Great to see next that community team right outside the hall here. I should don't think they're they're in today, but they were here yesterday, the announcement they announced what they're doing. Now I will see if you've been listening the show, they shute's the unity wallet, decide to pivot towards something else.

And they announced that yesterday, open secret matti been aware of this project for some time now, really excited to see them get IT to market. And essentially, they've been learning to this, but they learn a lot of lessons, building uni wallet in privacy. Best practice is not only into wallet and how people interact with bitcoin, be community well, but the back end systems as well to ensure that they have the best privacy practices for their company. And so they're taking what they learned, building uni wallet and the back and infrastructure they set up and have decided everybody should be using the type of infrastructure. And so this is what open secret is bringing to market.

Yeah I mean, to be clear, it's not just privacy is also security. So like building these things from A A security and privacy foundation. And that foundation is basically all the important ship should be kind inside to be local on your device, which is how they built up munwali. So the idea is um basically they can provide this tech to big in companies, but also non bitcoin companies uh that have sensitive personal information um and private keys and have and host that locally rather than in the cloud so that hopefully we will be able to eventually stop this trend of just ever increasing dead lies and compromises among large .

tech companies yeah and their first private concept of leveraging the open secret back and tools is maple. Uh, A I I believe to try maple, that A I is the URL if you want to get on the weight list there. Um but there sensually proving a part of their value brought, which is leveraging the secure enclave on GPU to make IT so that you can use these large language models with the degree privacy.

So shot you to tony paul and Marks and not not bone because bena taper wizard but you found out of three dance that remain standing uh I know a long time coming and the they are pretty excited about IT.

but i'll stand up for you our man and but is still a friend is in the comment and still running but death here in Austin doing good things. Don't know what he's doing a tapert wizard I do here that they have to wear wizard heads on calls sometimes. So it's pretty. Barrasso next .

up on the .

list, block announces proto mining division is coming a after some announcements about consolidation of the businesses, T B D um has been sort shelved. They're stepping back from title as well and really .

leaving into mining T V D. T V D was completely shelled and I I think the my none of the mining stuff is new that's under proto, but I think I was I I I might be mistaken, but I think I might have been under T V. D.

Now it's its own thing. Proto, right? So you can find information.

I prototype c title. I'm pretty sure they are still doing title. They've just clean house over there.

Yes, yeah. Which I, I I hope they're actually still doing title because jack, you're listening. I switched over from spotify. My whole family switched over from spotify per your request.

So I can you make the APP Better? 那个 i don't I I don't want to switch again。 I I would like to not switch again.

I'm stone spotify note.

say I was asked and lightning integrated into title. I've been promised, i've been promised things.

If that happens, we don't go title. We've got some big .

breaking the evil fucking and empire. How can you support I? I already wanted to please spotify, then I had an excuse. So I left.

is IT the evil empire? I mean, yeah.

I just cannot Carry about IT.

Some swedish company, they're really been able to do anything with their podcast efforts to think they burn a lot of money .

doing that sort of I mean, if you if you try to be the evil empire and you just not very effective at that, you're still the evil empire.

OK, no breaking news from the quite magazine, garry gan, seller released a statement suggesting he may be leaving the S. C, C. Before I close, I want to say something about the S, C, C and its staff.

It's remarkable agency. The staff and commission are deeply mission driven, focus on protecting investors, maintaining fair, orally inefficient markets of facilitating capital formation. The lawyers, accounts, economist, policy experts and other staff generally could make more money working somewhere else.

They choose, though, to work on behalf the public here at the sec. It's been a great hour to serve with them, doing the people's work and ensuring with our capital markets remain in the world. Conclusion sam and jane chancellor, my mom and dad never worked in financer, even completed college when they invested their savings are family benefit from the securities markets.

Common sense of rules of the road, yes, sees effective administration of well regulated security markets promote trust. It's what brings investors in issues to the market, like fans to a football game. It's what underpinned the world's largest capital markets. I contributed to our nations great economic success these last ninety years. I've been proud to serve with my colleagues, to the ACC who day in and day .

outward to protect .

american families. I was waiting for, I was waiting for the comment about him leaving to really get there. Maybe there.

What is the to IT? What is the? What is the announcement that he's resigning?

He may be leaving the S, C, S, like.

sounds like you can buy letter. I appreciate you using the matter live type, but fuck you, I don't anyone, everyone just figure out the vulnerability.

If you just read the breaking.

if you just massive breaking into the master light type, Martin will read whatever you link to. Is is to really can even even provided APP with you just you just click the link and just immediately blindly started reading what ever is supose ted so easy resigning or not like is I don't know.

I don't know that didn't make IT any clear. It's sound of like goodbye letter.

I just want to be click like that's not a mean that's not .

breaking worthy.

Also, gary is not like, uh i'm definite unlike the far this thing for like a single issue voter on gary gangster or like he hasn't been horrible for big cline. He doesn't really affect the aspects of bacon that I care about that more of like a cyp do like all the tokens that the S. C, C. Has been going after. They really hate Carry.

He read he didn't get prety pretty consistent of backwards about .

this yeah I mean, I am not process or and I get. Do you know? Yeah, thank you, mei. You click marty. You haven't up to that you really .

you are posted.

There's have been a resurge on x post election. I see IT it's fine. Will either be accessible, successful mystery won't but we're not going to complain about IT. We're just canna try and build the future.

We wanted say I like IT. I like IT. I'm out there. I was right right now that right now frees and so good .

you don't have to like. It's not what I don't want you to sap if you don't mean I like you, should I see minute should just be a first? I .

mean, people sharing guy swan content on monster that's .

applied 哪个？

Refresh the page log but I can't believe .

that that was really a breaking of nothing, right, i'm glad was bad .

breaking. More importantly, the real topics that that puts on the less before we congrats here on our dirty corner of the internet. Italy is going to water down at forty two percent cypher to currency capital against tax proposal. I believe it's knocking IT back down the twenty eight percent if I would call correctly um still not create capital gain stacks. How do you deserve at the other which is a great description of capable against tacks saving stacks?

Yeah, it's attacks on savings and incredible predatory. I mean, and the other thing is italy doesn't have unlike america, italy doesn't have an ice attacks. So and i'm not i'm not a proportion of axa taxes. I think those are incredibly predatory. But if you try and do predatory savings taxes without an exit taxes, people going to leave your fucking country.

So I think I think they realized that that that was probably a bad idea to um scare off you know incredibly productive Young individuals, predicated Young individuals in their country and pushed them to neighbour countries such as switzerland that are literally a hop, skip and a jump away. You little just get in a car or train and you're there. And and because as eu, you don't even have to do um there's like no border process .

or anything.

You little just pack up your bags and like let's be honors, like a lot of the bitcoin people just have like three bags. They like they are like the phillippa Carry on and I leave their empty house and they get into a they get into a train and they end up on the other side.

particularly bad, more from middle too. If you understand the economic situation of the pigs countries, italy being one of those, are not great. And so you, anna, incentivize the smart, productive, well off individuals in your country not to leave.

So a quick about face by the italian government here, in big trouble too. They are like, we need money. Let's put a forty two percent cap gain sex await all the money is going to leave. Let's walk that back back to the drawing board. What can we do tennis?

In the comment saying it's massive and then i'm coping I still don't understand why the news was massive. But and me if he doesn't resign, he's getting fired on day one is sadly been .

decided if you cope but you don't see this .

is that bad yeah I mean, I think I think coping is is bad if you're if you're not acknowledged in cope IT is I would buck in with just brought her hypocras y, which is a pretty am I like list of things that frustrates me. I, I.

I put that up. There was this there is version. If you're not, fire me, I quit. He has to say quit now he wasn't fired. Maybe that's what's happening here.

He's gonna resign. But he yeah IT was no long winded but was talking about like baseball games and share IT.

And people flock to the capital markets like they do a football game. My parents, they didn't go to college, but they put their money in the markets .

and not just can go and i'm and on gary games.

sir, nobody cares about your crowle tears. People make care .

though you .

using Vicky, they partnered with blockchain, not come in as tec te provide more on rams to bitcoin as we know they've been partnered with cash up in queen baths, adding more bitcoin on ramps to their sweet of on rams blanching up info in as .

this is awesome.

I mean terrible company .

and no one you should use IT. But I I I also I mean I feel similar arly about coin base. I mean I would actually run coin base above blockchain 点 com。 That's how that's how in com but I respect the fact that the big key team is trying to make IT um on ramp of rap nosti right like if you if you want to leave the bitcoin world to enter the fight world, they want you to have many different options and bike is not trying to pick and choose them for you. Um I think azteca is a is is a great addition because as teco is global and people without bank accounts can easily use IT right IT IT works similar to the way that billions of people top up their phones. Um so you just go into A A local store and you give them cash or vice vera and and you're able to and maybe is as tao by only can you actually sell on A I if if I mean.

if we know beauty on at all, I don't think he would and sell bit where we we low people to sell the Better technology.

I mean, look at this point at once again as the I I guess because you're just like forcing my hand that I like become like the barriers personal, the show like I have ninety .

nine crazy. It's a crazy the, uh, transformation.

Watch you lip IT on me. I mean, all of my all of my family savings are in big, so there are things I can spend on spend using bitcoin. And and in those situations, I have to have to sell them for for dollars or places first, like in order to actually buy the things my family needs.

Um and so until we get to the point of the adoption cycle where I can just pay for literally everything with big one directly than that is absolutely necessary. But yeah anyway, shadow to the big key team is cool to see them just continually add different partners there um for that fee outside of the equation, whether you're coming into big coin or or you're leaving um and I would say that like the timing a bit key. I'm sure there's some frustration among our team about the rollout because I think you just always are frustrated when you're try to roll out something novel and new, particularly like I can, emerging ecosystem.

But bicky couldn't have been Better timed now more than ever entering this new stage of nation state, formal and mass suit adoption of bitcoin. Um we need you know a really easy way for the Charles swap crowd uh to to hold to kids themselves and I think bit key really represent sad and hopefully they can actually get that cost even lower. And then IT opens IT up to um and even broader a broader base of people .

completely completely agree, share the back key. Anything what would see more bitcoin only options on that byblos in?

I mean, there's only so many I would like to see strike there. I don't know what the conversation is happening over that. I mean, look at the end of the day, if you are using strike or river something, you can still just use their APP and then send to your bit key like its uses the interrupted bakin hour so the difference is like having the button in the APP yeah which I don't think is that substantial but I understand the U X benefits um but yeah I mean I think let me put in this way like obvious like I wouldn't i'm wait down the fucking raby hall and my security expectations are way higher than something that that the bit key offers, particularly on the privacy side as well.

Um but for the average person like the vickey is the first hardware d device is the first self custody method period that I could just recommend to my dad and not have to hold his hand to set IT up right. Um it's really, really hard to lose your money. You have to like actually try to lose your money and you still probably won't lose you in that situation. Um those that the trade off baLance they made so .

easy to lose.

I'm glad it's i'm glad it's on the market and i'm glad it's available out there for people .

how to make you. Next up, human rights foundation story of the week coming from burma, international payment services suspended for citizens, perfect monday in pay in near to a burma's largest international payment providers announced they would suspend services for citizens in burma. These payment providers are used extensively by burmese citizens earning income online and abroad. Their sudden exit prompted by local banking limitations of regulations imposed by the military hunter and was corrected a couple weeks after some junto hunt a.

We will leave many .

burmese disconnected from the global economy and their income sources. This will not only impact free answers of content creators, but also risk isolating activists and civil society organizations receiving money abroad.

In the face of these c restrictions, bitcoin presents viable alternative, enables peer to peer payments independent of hunter controlled banks, offering burmese citizens away to securely receive payments from abroad, participate the global economy and continue earning income absence authoritarian constraints. Hear more stories like this. Make sure you subscribe to the human rights foundation financial freedom report at financial freedom report.

That org. We see that news letter out every thursday morning. idea?

Good news? yeah. No, I mean, I I think this is just another case, right? Where is incredibly important to have an open protocol that that is does not require a permission that's not controlled by anybody, uh, a money for the world, uh, that is effectively free from corruption, that's inherent with human control and that's where bitcoin represents. Um and as much as I say Manda les and bickle standard, there are billions of people that are already living to demanded les already have lived to IT and I I think it's hard for americans to really conceptualize IT and I think human rights foundation does a really good job of kind of china bridge that gap ah for people like me and you right who otherwise would not really be exposed to IT otherwise.

And I IT is forcing to A T F T C. We've rolm some new people to do post production video focused on growth um really increasing the production value of the clips that we put out there. And ed, we brought on, he's got a team uh of people working under them that are scattered throughout the world and we pay them in bitcoin.

And I think bringing IT up that was the interesting thing is free answers. Contractors living abroad wasn't even a cause of which your bank account, how do you want to receive this money, was just like big coin first automatically didn't have to ask. And I think that that was I was shocking, but I was a positive validation of what we've been talking about for years.

It's like for many free answers across the world, particularly doing content stuff. Bick coin first is already out there. Yeah encouraging to see.

I mean, for for open sets were providing, I think, a little bit over two hundred grants right now to forty plus countries all ammick ent. I imagine if we had to do wires to forty different countries like I I don't I don't even know if this possible and most of the countries um but even if IT is possible, it's complete for craigan the eyes and incredibly antiquated what bacon is, very easy to do security.

Um and I I think anyone who actually is doing any kind of cross border commerce realizes that pretty, pretty quickly. Um the traditional system just fails left and right. H in the scenario, particularly for individuals, you know if you're not a large company or something that has some kind of established channels that you're using, but even these large companies like we've seen um i've been a privy to conversations where there's massive multi national corporations that have trouble getting money out, certain countries um that turned to bitcoin as as the means to do those transactions.

Yeah this is I mean the example legislated out is above about paying contractors to do work. But the highlights liquid has to succeed at these education like burma where the military hunter is um erecting laws in the banking system that prevents individuals from even accessing the traditional fiat system if they wanted to in bitcoin existing and appear appear distributed fashion, enabling individual burmese citizens to simply download himself often are and completely avoid that regulate hurdle that the the military hunter is just erected is incredibly satisfying, incredibly important in the works said to learn from the human rights foundation what liquid penetration in burma is what IT will look like moving forward with with these .

new regulations. I I mean, i've seen time and time again then when people have a need, they figure out how to satisfy that need. Um so it's to me it's very much an iron, iron, iron thing. But we need the tools be Better. We need education be Better, particularly in different languages, not just english um but we're getting there slow and study. Um I see a comment um from a freak in the naster live chat, my path to fire asking what ten thirty one is because Martin I wearing a ten thirty one hats at ten thirty one is um the largest uh bitcoin venture fund uh in the world and Martin are partners of IT. Uh we invest in profitable bicton businesses and you can find a more information at ten thirty one dot V C.

We need to get to support for ten thirty one just brand people here they are going out. I know exactly what that is.

I know I was surprisingly the question. That's why I felt like answering IT. It's four big coin's birthday. October first is what the same doctor we could have named, we could have named that girl.

You you tell how you can tell how hard core big corner we are. The fact that we're were not even cognition of the ten thirty one real state. I think we are proud cog, but didn't think twice about naming the .

fun that there is nothing to do with the thirty one tax walk that you can do in the real state everybody .

thinks were a real state firm where we're going to work on that too, going to make ten thirty once and not with the coin and not the tax advantaged real state transfer laws.

I'm being tell told my eyes are overshadow and they don't like nice in the video, but I like wear. I. Anonymous, look.

yeah, I like, I like you. Can you .

you hear pom on? Yeah.

it's intentional.

freeze. Deal with the deal with .

IT pauls .

are great producer. We have here at a big park.

You ever talk to paul? Beef with paul.

He is logan.

pretty possible .

for this fantastic video quality that you see, whatever a few moments that i'm in town, in the, in our studio.

paris, trying to start shit. I, I, I want some international CER bef here.

let's go. Competition is good. Competitions good. IT lift all boats.

Competitions good and overcoming adversity is very important in life. I'm doing that right now. For some reason, the list isn't downloading on my desktop signal APP.

So I had to pull up my phone and read the rest of here. Overcoming university is what we do. We improvise, we move, we get the work done. We've got to get you free the information you were talking about, big coin tools, making them more mature. A one of the most important tools that we have in the developed space within the is between defecate, uh, in the team has provided the world with A Q three update um explaining what they've been up to, mainly polishing the A P I of the beauty cate wallets.

Are you gonna read the whole thing over .

the bullet points? Here are some of the notable changes and upgrades to the software libraries we maintain rbf by default on T, X builder, new world builder, A P, I M, V P of the book of B, D, K. That will be very important. Bug chasing in optimization and development of the cbf client to create and related findings, very important work by the bdk team. A lot of them are located in the building the eat now matt, what has A B D K team doing um Steve .

Myers specifically who is uh lead maintainer um is doing a huge project here right now trying to self host a bunch of things for a bitcoin on promise um and if I didn't include this update in the list, I would have greatly disappointed them. So it's it's important every I mean the B D K project joke society is uh incredible building block that many wallets are using um to build up biton tools and a much easier, much more secure way. Um so the shadows, everyone that's working on IT and um you guys have made fantastic progress over the last two years.

Yeah extremely important, thankless work. A lot of the time we want to take the time to thank you guys for building this very important. I mean, we talked about me earlier, they wouldn't be able to build their world without B.

D. K. Um many other teams are highly dependent on the software.

I think that we've covered what could be one of the largest self custody wallets in the world at some point in the future, which is, uh, proton wallet by the A S B D K. yeah.

Speaking of wallet development kit, tedder came out of nowhere. This we can release the the tedder while development kit. Um this was pretty quarter sy.

Imagine what other both humans and machines had the freedom to control their own finances. W D K by the fully open source self custodial talk design to build the most advances mobile desktop word experiences module er independent, resilient. This is the W D K that puts power back to the hands of developers and their creations.

Due is like legit roberga day. We will just read anything like in front of them. Um I they defined build a really nice website.

The website is is slick. Fuck everyone out there that's like, oh like what is the teller? Um IT the the development kit is designed to make IT easy to build a bitcoin tethering IT combined.

Um so he has a key bitcoin component there. And regardless of how you feel about that, IT is incredibly used. Uh IT is used incredibly used as the wrong word.

IT is IT is heavily used. IT is heavily used in in many countries around the world. When I was in the class in argentina, troubling the majority of their transactions are teller. And unfortunately, we don't really have any good bitcoin wallets that do both um usually like the most popular wallet in the world period in terms of self custody while is trust wallet um which is maintained by finance is a horrible south custody wallet that supports tether bitcoin and a pretty much every coin and existence um has a really, really bad U X. That is focused on coron quote web three in the theory um um and has really bad bick orin sport IT doesn't even support lightning.

Um so I think there's a huge hole in the market for a while that is very strong on the bitcoin side, you know A A first class bitcoin wallet that also a gives you the ability to send and receive using tether. And there are there have been some attempts at IT, but I I think they're all sorely lacking right now. They are they're not quite there yet. Um so hopefully this leads to to more development on that front.

Yeah shell out to that. Somebody just call me three times and doesn't seem that important.

Yeah J J pack in the with some country three times and you don't think it's important as long as not your wife is not important.

I'm going going to show tomorrow. I think it's the producer looking for some details told .

me are currently on the show and he's a producer so he should understand I have j pack in the comment saying is called alcohol like alcohol a is not there yet. I can hardly recommend IT. Um one thing alcohol did get right is that you can send and receive tother on any chain because the most commonly used teller is tron tether ah if when you're out to quiver us, that's what they expect.

They expect tron um but it's just not a great U X. Kind of unreliable. And from my testing, as this is just not something I can comfortably recommend to people, but they're in the right direction.

They're the right direction. And I think the market is ripe for something like that. That is whether it's them or someone else that is is very reliable, has low fees, right bolts um the bolt swap service.

And me and marti played a oker game where someone was using alkali and like at the end of the day, I was like a five percent haircut, not advertised fee and presumedly because I went both ways I guess from like lightning to liquor, whatever. But um that's a big haircut. That's a big haircut for people in particularly in the developing world um that are really accounting their sets. So if there is gonna a fee is nothing to fear that should be disclosed as well, I would say. But that direction I really like that direction where the idea based being that at rest you're holding bitcoin um but you're able to easily um send and receive either maybe even I I I would say you probably be able to hold either in the wild as well because a lot of people want to do that and would rather use a good wallet than a bad wallet to do IT yeah be aware, tried also .

holding either centrally controlled stable coin. We've talked about this first six years teller tether tellers, whatever topic we're not going to have to talk about on the show probably that I do like see the development IT, and I do like the fact that are .

leading into machine table web too, there being on that are in other leadership list. I mean, that's we're heading, right? How's the A I gonna pay each other.

Troubled sats? Yeah, not teller. But maybe in the meantime.

teller, be very frick. Can you? K, I see the A, I, I don't know.

I never used. I, I actually, I E, M, I, i've never actually used either. I actually did test out alcohol recently and didn't like the swap thing and didn't really .

worked out well. I don't think i've ever used to either. Next up on the list, non chuck android version one point nine point five four in IOS version one point eight five eight in desktop version one point nine point four.

Oh, haven't released. They now support cold card as an in current key. Add the option to send all remaining for batch transactions, along with various fixes and improvements. Great to see nunchuck create projects in space. Shut up to hugo and team.

Well, steady, improving.

No cold card does not hurt in ski. Good to see cash you at me has released improvements, guess work, get to boost again, open up to primer cali and the update to ensure the USD Price when paying a lightning invoice from a big win went Price must be turned in the settings Q R scanner. Now also sports bit twenty one unified dresses that's great .

to see so I put this in the list because um I think is a good example of how anyone could be the chance I want to see in the world um by just using these things in providing feedback. Ah so i've been using cash dot me, which is this P W A right it's you don't download an APP, it's just IT runs in your brother on your phone um and it's a cash wallet, right it's an e cash wallet.

And i've been using IT as my main one of my main wallets in terms of spending. Um and I was using in south amErica when I was on this recent trip and I ran into these these two issues, right? I ran into the issues that when I when I stand an invoice, I didn't tell me what the current USD Price was.

I was like hard for me to do like a quick verification that I was actually sending amount of money I wanted to send um and I tried to scare a unified invoice and IT felt like I had to manually delete the on chain portion of like a unified address shows. But the on chain you can pay via on chain or pay via lightning. I mean, I was fAiling in the scanner and I basically all I did was I don't deserve really any credit for this. I just told .

Kelly try to get, I can tell .

no and I I told me how these issues and like within a day to IT was shipped and out everybody, right? And my point is, is I think that's quite a little bar like I have to do is using the things and provide feedback and you can actually make these things a lot Better. So pretty much every developed her out their work and opens your software welcomes this feedback um and you can be a part of that process. So consider .

IT yeah I fully ensure that message and shout out to you for for now.

I want .

to yeah, you deserve IT. This is not my daily driver for a while, but IT is what we're using for my sons allowance is great, great.

an awesome. His guys so happened .

that he never uses, he only uses IT for big way now. But like helps me do chores on the weekend boom. He thinks he has five hundred, five thousand, five hundred. Bitcoin has got my pay fifty, five hundred sets in.

You can just tell him its its paces because it's one to one argentinian paces.

I think he has thousands of big coin, at least three, twelve people.

Yes, thousands of places was okay because you can just tell it's going to be a super style. So I very good.

Is your .

sons just running around screaming .

super like syria mentally prepare. I know your brains are still forming, but yeah, you got to have this in mind as you're out there right around the playground.

I I love that I have called coming on a dispatch on this monday at sixteen hundred UTC. And I was a fun rip up with Kelly.

So t ftc, repent at me. You what we're .

doing a still dispatch first, which is important and but you should do A T F T cigarette as well.

What do you talk about?

We're going to have be talking about e cash, obviously um and the greater bitcoin ecosystem and where we are currently in terms of the environment of the development environment. Um I think he's been absolutely a crushing at some pretty excited about that. But yeah join us in the live chat, all the information I still dispatch I come or subscribing your favorite podcast APP and you'll get IT as soon as we finish. Why and unadapted .

on that now have you ve been I mean, probably having you're not next but jams are burning just in moon. I've really been talking about um the inability or the changes in core improvements reconvening. One weather not we'll get included two halperin positioned in three. What that means for the long term viability of self custody of bitcoin and bitcoin security and long run and interesting conversations begin to pull up around.

So Steve Steve ly of uh spiral and land and one other person and I think is he goes by run, released like a research and open open course research paper on like how big coin changes.

And I had Stephen land on sel dispatch uh last week or no earlier this week yeah was monday IT was this week time flies during a both cycle um and we discuss IT but anyone can contribute I think James contributed to that um to that report to that research um but yeah, it's a very easy also by the way, in my classical that fashion rio dio dio I but they sounds a good I just I I fucked up my end and then three days later, I am pretty good quality I think um which I am very volatile myself. But um there is a good conversation and any everyone to go read that paper. Do you know where that paper is? I think it's got big cap.

Let me go a money ball on x um .

or I mean consider listening to the dispatch IT was a good dispatch. Um this is really I think is an important conversation. It's github dot com.

Did did have the com slash bitcoin dash cap um is the paper and anyone can submit their own for request to the changes to IT. But listen to the still dispatch before you do to get a little bit more context. I mean, they're not necessary proposing any changes.

It's kind of just like a primer. If you haven't been here on how bitcoin consensus works because biton consensus is a you know it's a rough beast. It's not a there's no clear way to change bitcoin and that's a feature, not a bug, right? The whole the whole idea is that there's no central party in control and is not easy to change by default. And I think that really messes with people's heads, right? Like there's a reason why every every good mean is based on reality, and there's a reason why there's a mean like i've just discovered a bitcoin and i'm here to fix IT um but really that one of the key key foundational value props a bitcoin is that was incredibly hard to change by the falls and IT .

probably gets more difficult .

over time and more active .

in the tworog yeah when .

we have like nation states joining now, right and it's like, okay, now you need like breton to agree what James are burn you know that becomes a little bit more .

dicey guess we get to the go go read the paper. I just give IT a log in to put in the showed tes.

but you know, like when provoked, comment on needs to agree with James .

or burn I can like you need actor's to agree.

I guess no, that's the whole point is like what stakeholders have, what powered to stay holders, right? And only big line doesn't necessarily give you more controller than that word. But I think I mean, I don't think we all agree on this like I think me and Steve don't agree. I think we agree on like ninety nine percent, but that last one percent can be what .

least a bike shutting and prevent anything getting done.

right? It's a big one percent. I mean, I just think that the the most important thing to realize is that it's incredibly hard to change, right? And that's good. That's a good thing because if if if you can change bit when easily you can change IT for the worst and I can be a tch factor yeah.

I think that acknowledge certainly is very hard to change. That's good. I guess the other question that many have been asking for two years now that seems like it's picking up more steam, as do we need to change IT to get some desired functionalities in use cases enabled, particularly around confidence out volt up vote I member been talking justice te about our volt.

Yes, SHE is. And that does seem like something that and everybody should want like making exchanges on hackable. Really.

really like Michael failure .

wants IT why wanted he wanted.

And I don't pretend to be Michael.

Again, do we need Michael seller to agree? So yes, technical. He would need going bed in the other custodians.

We think we talked about this something, but I I think it's probably a more. It's it's probably a controversial opinion um but I actually as we are like entering this new era bitcoin, I think I think we as a community we kind of took the wrong things from the big one twenty seventeen and hard fork attempt which is i'm not actually there's something like beautifully simple about hard forks where .

you don't fork maxi.

Now why? No at my point is is is and I mean this is one of the tragedy of the little my my x account because I actually think I ve been very consistent on this since twenty seventeen ah but that's all been deleted uh the the you don't have to like anyone can fork if they want to, and you don't have to go along with the fork.

You have you have equal, you have equal amounts ble sites like at the end of the day, like the other was craziness that happened around the b cash fork. But if you had conviction, you ve got ended up with more big coin. And if you didn't have conviction, if you were your quote, man in the coma, like you like to say, IT just didn't affect you at all, like IT literally did not affect you at all.

You can just slap to twenty seventeen, two thousand thousand and twenty twenty two, twenty twenty one, twenty two, twenty three woke up in twenty twenty four and your big coins, ninety thousand dollars have no idea the dark for happened and you be completely fine. Um so there's there's particularly in contentious situations, right? Because with the south fork, it's nice that it's backwards compatible, right? You have this backwards compatibility where where if you're running in older client, you don't have to upgrade.

But at the end of the day, let's use you know for example, which is not I mean, I guess that was actually there was a war fault over those kind of contentious. But like a type um at the end of the day, like if you're not if you're using a client that older than segwarides, you're not seeing any of the you're not validating any secret transactions. You not you're not seeing a validating any type transactions. Um so you're kind of eventually you you have to you get pulled along with IT.

There is only for node but like your private keys and still give you access debica, right?

Yeah but in both cases.

yes. So I mean specifically .

in contentious situations, like i'm more more like just four can see what happens, you know like a black rock wants to do like I mean they like no longer pro esg but for the esg example, right like if they wanted to go do something, let them just go fuck and fork and see what happens um to me is not like all this all this talk we've had right like you could have just have a up fall hard fork and just show up on the world and you can see see if you want eason. The whole reason they don't want to do that is because they want the entire network affect a big line, which is why the software takes us, which makes .

sense at the example, would actually be interesting if exchanges, custodians ran a hard fork without volt enabled and then all used IT like that's a pretty significant amount of bitcoin en economic actors.

I'm bad. Be a bad .

because that .

gets I pushed through by a minority that doesn't really have acceptance can actually be way, way more dangerous and hard fork. I just feel like there is just no open discussion about that. Um but I mean that's the beauty of this research paper right? Is that the whole point is there should be more open discussion we should be talking to these things. Let's not just get all Carried away with the biton Price and let's but, you know, have the knowledge to be out there and people should be thinking about .

these things yeah, Carry the paper. We going to link to IT in the shower notes to go on. Next step on, we got diverted here. Maybe we take a little break to read the top four boost from last week before we continue with the software update because I would definitely forget I don't read them right now. Rb, ital recaps three thirty.

The first big coin election hub for boost number one is this last one three thirty one yeah number one from dalen forty two thousand and sixty nine cents frees join us at the space in demopolis ado for launch week. We have a technical mining meet up tonight, november fourteenth of screening of dirty coin tomorrow evening, capping off with an aragua sa saturday evening grow pair and buy tickets at denver. Dot space can't make IT, but still want to contribute to our cause.

You can donate a, donate that denver, that space, or a zappos on monster at in turn good A. Good name space to get there on master at full time. Bitcoin F T, B, coming in twenty three thousand four hundred fifty six sats, two, three, four, five, six.

Come check out the mid missouri between next wednesday and november twenty eighth at last flight growing company in jefferson city, missouri. Meet ups for a day between columbia and G F city you can find us on meet up that com telegram and the orange pill APP drinks around me. Don't miss IT shot off, shot out F, T B missouri corners F T B .

text to me um was like, oh, the wye shout out for meet up. And then the next text was never mind. Couldn't figure out how to do anonymity under my name. You should .

the text to me, I mean, anybody can you? The patients? Y it's that's on next today .

as that was broken areas.

So at toxic, big winner, eight thousand sets. Interviewer, if you get back to the federal reserve, what do you replaced? Tomas soul, when someone removes a cancer, what do you replace with free? Ross, day one, do you see charlie kirk talking with the don junior about ross? It's a cry out.

What is what really saying?

Don, genre as charlie kerr kick, what? What is my father need to do? Early on in the first in charlecote, I was free. All stay. One made the promise. I don't .

do IT is charis charly cocoa.

Don't know what want to be surprised. This guy, people love.

people love them. People of are they gna give us back, back.

I don't know.

no doubt, tf doubt, be the next question. If you are done junior, you should ask a question. If down. When done junior comes on the show, you should ask my question down.

Junior, come on, sit down right next year. I have a good combo. Eight mth ran deer, seven thousand seven hundred seventy seven sets, seven across the board pounder on boost. Now comes the hard part. Staying .

humble.

Stay humble. How many times be pointed yourself in the mirror so far this week.

everyday and more? You're ready. You're already calling for super cycle.

You get, you get your on a bash bull bullish cycle. As I bring you back for two cycles in a row on the show, I get my super cycle cycle. Okay, let me have .

let me enjoy IT. I'm i'm, i'll be here for.

Back to this offer are updated less zoo versions zero point nine point two has been released with export transaction history bit three fifty three belt wealth in hardware signer improvements crux version twenty four point eleven point zero has been released with experimental temper detection tool in other improvements liana virgin eight point zero has been released with improved set process, new templates, bit box or two support and more for the zoo are unweary liana is while software that is enabled mini script.

If you play around with mini script, could check out liana robots. Ts versions zero point seven point two alpha has been released unless to users test naster global older books by enabling the option in the configuration tab. Local send is a freed open source, a cross platform tools for sharing files over the local wifi network with secure enterin.

Encysted was pretty cool. A improving private signal calls has been released, is really cold to see. We were talking about this in a group chat earlier this week. So I think you can replace the private signal calls now for yeah.

I think you have already do like the video calls on signal were early pretty good. I feel like they don't get enough credit. Um but but the big one now is you can send a link and that link can be reusable. So like people can just join the call via link. They don't have to be in a group.

In this one coming from the base department mulva V P N council's remaining paypal th subscriptions to collect less user data.

I love this. Um I think this is a trend to watch, uh, which is that bitcoin already is starting to dominate payments where there is no other option that fits that role. great.

And so move mova proton and I V P and all except big in for the V P N service. And they all have pretty good strong reputation because V P N is a trust product like a host. B P N is a heavily trust product.

Um you don't want to use flight fly by night. Budget providers are probably spying on you um and there is no way for you to verify that logs aren't taken period. So it's very much a reputation based um product um but mova now is is just cutting paypal out completely and saying you have to use bitcoin because we get we have too much information on you.

If you use paper, we are able to easily link IT to your identity and we just we don't want that information as a company. And I think a perfect example of that would be someone like silent that link right, which is they only accept big one they accept mineral to, but they only accept big coin a mineral because they don't want ah they don't want that user information period. They couldn't they couldn't Operate that service without big coin existing. Um so when there's no other options, pickin is is is is obviously an incredibly useful tool。

Hello, based department. Yeah, I want to see more of this. Thank you. Click last, but at least not on the list, but shot out, you freak in the stream life chat for crowd sourcing software update B T C pay server version two points zero point three was released earlier today.

What is that seems .

like a pretty vanilla upgrade improvements include Green field create payout methods is now optional point of sale the updated some but nights improve error messages here seems like some bug fixes in all that um .

on the move outside I don't know they still do IT um but they might for a while that you can pay but just like put cash on envelope meet to them, which I thought was pretty bad as obviously has its own issues right like maybe the envelope never makes IT. You don't know if that does or not. Um uh that just shows you like, oh, you're trying to do private payments on the internet and you don't have bitcoin.

That's like the alternative is like glitter mAiling cash across across the the planet. Um someone is in the live chat asking about the proton ecosystem and whether that is a honeypot. no.

I mean, that's a tough one. Know both of me and marty used proton heavily, I think is a great product. sweet. Uh, I know some of the guys on the proton team and i've ask them straight up with their spooks and theyve told me.

no.

they have to admit IT if you ask them I like trying to read his eyes you know like an attempt to was made um but um they have given over information the past when when requested but they try and keep as little information as possible so virt call correctly the information they provided was I P address of when you connect, when the the account in the connected to the service um and the recovery email address.

So when you sign up for proton, they ask if you want a recovery email address and if you do like Martin at g mail that com uh like that, it's pretty obviously is um and your I P address right if you're not connecting using A V P N that's different than proton, right? Because if you connect with a product V P N, they obviously have your I P address anyway. Um so keep those things in mind. But net net, net, right. I think proton is the closest competitor to g sweet line of services like the google sweet line of services, calendar drive, email all all the nine year about the whole nine yards and its way, way Better from a privacy and security perspective than using the google sweet.

So give a shout out to the, to the people work in on protein counter on mobile they finally added the ability to add guest to calvin .

votes on calenda mobile .

hocking suck made a Better you can now add guess there was .

a big upgrade for me bile because is Better than the APP, in my opinion, for the calendar. But I will check IT .

out you can now add people to calendar advice on the mobile b big, big unit .

they're working on. I'm i'm happily like the highest level paid paid person on a per paid subscription whatever I think is well worth IT. And it's good to support in organization trying to do with the right way and trying to do an ethical way. And you campaign bacon um which .

is increase important very it's after the last is a great right back and forth mult berried .

talk you can be a find really .

is really .

so well though IT is I mean.

what do you want to comment on trumps and pix so far?

Yeah what is your opinion is you endorsing?

I did endorsing pretty good for us. Seems to be a lot of big winners being nominated for positions that seem like this time around there is some swam shaking that could materialize again. What not know all. He's an office and people are actually doing things.

But I really are you disappointed with any other pets?

No, not really. I don't know enough about everybody. I like to sea, like toll sea that's really going. I'm a toy fan for almost ten years now and i'm happy that in the .

position I coffee yeah.

We might get a Howard linnet as treasury security.

That would be interesting. Yeah, we will see. I mean, I think that I mean, what I thought, we were not going to be a politics pocket after the election.

This like power at the end for done where .

not done it's it's gonna four more years um but make amErica review for sector states. Yeah I feel like you guys you guys should be giving a more ship for that.

But that big part .

of that's just my my view point market some .

people come um thoughts in the polar market founder getting rated by the FBI. That's pretty serious.

So back and on your team now. And I know he took a picture till the end. My, for a bit now, he administration, no, I had. I had to sit down .

and thinking about IT people take pictures, you know, how do we? How do we know? How do we, for all we know to walls, could walked up to him, could been like, take a picture with me.

Did you see the mean that was like IT was IT looked like a screen shot of a Polly market pattern was like, will our founder, be in jail in january first？ Just something like that. Yeah, I think that was pretty funny.

Oh, breaking news, trump expected to select rubber of candidate to lead. H. H. H. S.

I mean, I don't know how Polly market works, but my, I assumed if IT works the way IT should work, uh he has no control over the way those predictions go. Um I assume itself custody and um doesn't require a trust. Third party is not I don't know.

I don't know anybody in the chat.

I mean, that's that's our proper prediction market should work, right? Is IT shouldn't require a permission? That's the whole point. Yeah, I have no idea how that works, but. We'll see a more information of that. I I don't i'm not one of those big winds that thinks that like all chickened should be in jail like I don't like using the state against people I disagree with and I like the concept of prediction markets um and so if if this is actually a retribution thing for the election, um that's really fucked up. And even if it's not like even if it's because of security laws or something like that, it's also fuck up. And I would say that if anything, a prediction market saying that one candidates is more likely to win leading into election might hurt that candidate more than that helps because IT creates like an apathy environment.

Yeah complacent.

no. Like like I don't, I don't. I'm not like let's say let's just say like hypothetic tics. Polymer was completely fake, right? There was no actual participants that were actually you know participating the market and moving in one way or the other and he was just completely fake. And the polar market founder decided that he was going to make IT so that trump seventy percent in hara thirty percent like i'm not convinced that actually helps trump in the election. I give anything that could cause apathy on his side of the of the blog.

Could but there's also I mean time foyle hat marty came on yesterday, came out of the cage yesterday. And maybe retribution because the market, Polly market called the election early sort of and like if they wanted to break the election, which I mean, you look at some of the numbers and with constant and looked like there were some manipulation there. Nava in arizona, well, I believe you could make, I mean, if they could be seeking retribution because they wanted to do something and they would have to explain the prediction, hey, ten four hat walking your city is expLoring possible. Not saying anything with certainty.

they could have been rigged the election and been like, no, the prediction market was wrong because it's a fucking prediction market and it's trying to predict something. It's not actually measuring vote.

Could could if does that make IT harder? Another expLoring possibilities in questions.

just in questions.

are rare recurrence .

of tin four have money. You've really usually sing around these parts.

I think good, become a father. See what they are doing, outdoor and info .

wars with the union purchase.

And yeah, that is becoming .

what a .

timing they will never, never defeat us as a spiritual battles freeze. They can take down info wars, but that doesn't stop the information war that we currently find ourselves that we meet here. You wants a week to bring you and equip you with the necessary information that you need in the information war as protein speen.

The union will never buy rap ory cap, but in his defense, like he didn't IT was like banker sea proceedings. So he was like, have a choice.

No, he does choice.

He he does .

not control the assets, the background here, the state control them and saw them them to the union.

The same time when .

we live in really fun, fun to be on this ride with you and we ride the roll coast of the super cycle gona be exciting .

like wise brother, stable piece.

love freak.