Strategy vs Strive: Trading Blows To Be Bitcoin’s #1

WEBVTT
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15%. Bitcoin credit instrument ever. Not bad for
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a company that did lose $393 million on
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its first six months. Meanwhile, strategy wants a
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daily dividend. How's the yield going to work
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out? We'll find out. Plus, the hardware wallet
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compromise story continues, and the infamous hex founder,
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Richard Hart, is now in handcuffs, my friends.
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We're going to talk about all this and
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plenty more. I'm Ben with the BTC sessions.
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This is Bitcass. The issue is not red
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or blue. The issue is between the state
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and you. It can be a little bit
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of a warning sign. It gives you a
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tool to empower. That sounds like a utopia,
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my friend. It is. It's exactly a utopia.
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With Bitcoin, no one can take it from
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you. news. It's super important. I have a
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teed up here, Walker, but you got to
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let us know. What is the breaking news
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over there for you? Did Joey buy more
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MSDR today? If I did, I wouldn't make
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a fucking video, but I'll tell you that.
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There was, I assume we're talking about the
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pretty, pretty viral already launch of Carla Botcoin's
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debut music video. Are we playing it on
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here? I'll have it in the background. You
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can describe the copyright strike us, you bastard.
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Yeah, if I get a strike for this,
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man. No, you can. You're playing an X
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video. It's okay. Like, X doesn't care, you
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know? So, okay, so for those who don't
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know, we built a, Carl, and if he
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didn't know this, you know, like Carl and
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I used to make a ton of short
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form content, like back in the 2021, you
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know, downward spiral into the 2022 bear in
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2023. Then we kind of stopped it once,
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once Carla got pretext. with with our son,
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our first kid, because, like, she was like,
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I'm pregnant. I don't want to be bent,
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like, you know, bending over a computer or
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not, you know, slouching over a computer all
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day. Bad choice of words. Anyway, bad choice
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of words. Good thing she has to watch
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this. And that's actually, it is a good
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thing. She did watch, actually, a podcast that
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I recorded yesterday and streamed with Aaron Redwing.
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She was like, oh, yeah, I actually watched
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somebody. I was like, what, all I need,
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what? Like, you're the first time you ever
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do, To be fair, it was a fire
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combo. Aaron's pretty cool. I digress. That, Carla
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and I stopping to make short -form content
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is actually what made me realize I had
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to pick up the torch of Bitcoin podcasting.
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And to do my civic duty as a
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Bitcoin podcaster. Because, you know, those, those who
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can't make short -form slop should Bitcoin podcast.
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Exactly. But anyway, she's wanted to get back
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into content creation for a long time. But
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like, we have another kid now, like she,
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you know, we just had our second, our
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daughter. And it also happened to coincide. with
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some of these tools getting really, really, really,
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really fucking good. Yeah. So this is like
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the results of like, uh, like five different
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one shots in Claude, uh, running Opus 5
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.5. My wife is now addicted to one
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shotting Claude. She's like, it's like the Dave
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Chappelle, like, you know, like, you got those
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one shots there. Yeah. So many fucking tokens.
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So many, so many, so much Higgsfield burn.
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Uh, but it's, uh, it's, uh, it's, uh,
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AI. voice model trained off her in Suno
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for the singing. It's pretty good. She actually
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does speak the couple of the spoken parts.
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She speaks, like actually her. She did it
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into this microphone right here. And then I
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have gone down the rabbit hole of basically
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like perfecting her AI likeness. I have a
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lot of photos of my wife from when
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I used to like do photography. And so
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I've got literally got her from every angle
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in 4K. And, uh, and then. going on
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here it's it's provocative you know but but
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my wife's like she doesn't she's like she's
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like oh like what did like do you
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like what she does in this scene or
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like do you like how she like looks
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or like how you know talks about her
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like her it's a very fun like i
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don't know man we're in a strange time
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we're in a strange time where you can
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create a perfect AI likeness of your smoking
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hot wife and then make it actually sing
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and talk with her voice but do things
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that would cost like a quarter of a
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million dollar budget in any prior era like
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it's insane it's fucking insane and granted the
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the the token burn was a lot but
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you know what like my wife said she's
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like i don't buy designer handbags like this
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is the least you can do i was
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like you know what that's a that's a
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pretty good uh it's a pretty good justification
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so if if you want to go check
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out at carlo botcoin uh everywhere it's like
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carla bitcoin my wife's name but carla bot
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coin uh and you can also go to
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call Carla botcoin .com and choose your own
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Carla botcoin adventure. We've also just added in.
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I was just clanking up right before. Really,
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the website's incredible, you guys. Nathan, can you
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pull that up? I think Ben might be
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going there already. I don't know. It's called.
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Ben's had it bookmarked since the, since the!
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Carlabotcoin. . . . . . . .
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. . . . . . . .
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. . . . . . . .
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. . . . . . . .
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. . . . . . . .
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. . . . . . . .
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. . . . . . . .
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. . . . . . . .
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. . . . . . . .
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. So you can choose your own Carla
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Adventure. Atrena Chrome Eden. Oh, wait, that's actually
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rendering weird. What browser are you on? I'm
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going to have to tell a fucking clank.
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Really? What's wrong with the rendering? It looks
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about. You know, I don't like how that
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top image render, but that's okay. That's okay.
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I'll talk to the clanker about it. We've
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just recently added, like, literally just before this
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proof of Carla. If you go down the
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very bottom, very, very bottom, you should see
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proof of Carla down there at the bottom
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right. Yeah. So now you can check to
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see whether an AI -generated image of Carla
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was actually one generated by us. And if
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it's not, we can sue the shit out
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of you. So, you know. And what do
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we use? I clanked it up with open
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timestamps. Shout out to Peter Todd. You can
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just have your clanker open timestamp stuff. Yeah,
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these are not ordinals or inscriptions or anything
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like that, guys. No need to get the
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pitchforks. This is just good old fashioned open
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time stamps, hashing, hashing a little hash into
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there and salt in that hash and whatever
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else nerd stuff happens in the background. And
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now you can literally get confirmation of it.
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But like, what an amazing time we live
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in right now where you, like, where this
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is even fucking possible. Like, I don't know.
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It's fucking wild. Go check out the video,
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give it a share if you want. It's
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on YouTube as well. If you want to
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send it to your boomer uncle Jim and
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one shot him on Bitcoin with a, my,
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you know, smoking hot wife. I give you
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my permission to one shot your boomer uncle
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on Bitcoin. Like, he'll come after out of
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it being like, you know, fiat is fucked.
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I'd like to get some Bitcoin. I'd like
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to get some Bitcoin. I know what to
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say. I like to, you know, I like
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the way. I like the way she talks
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about it. That's kind of good. Amazing. Amazing.
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It's, it was a refreshing palate cleanser from
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everybody whining and bitching at each other for
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the past year. So more of that. Yeah.
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Yeah. There's no Carla Blake 2B coin, just
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so you guys know. Yeah. Oh, God. Can
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you, can you imagine the like retarded version
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of Carla that would be? Oh, boy. All
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right. All right. Let's, let's, let's move on.
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Okay. Uh, strive. 15 % fixed rate perpetual
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preferred via IPO to select investors. Things are
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heating up competition between Strive and STRC. Yeah.
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We also see strategy. They want, they're proposing
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daily dividends. I mean, Joey, you've been talking
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about how Strive was, you know, they were
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the only ones doing it, they were the
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first to do it and that strategy was
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going to have to fall in step. So
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yeah, I'm just curious from the bag holders
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in the room. What do you guys think?
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I'll tell you what I said to Nathan
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before the show that the vote, obviously, on
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the MSTR side for STRC doing dailies is
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coming up. Is it this month? I think
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it's this month, right? I think it might
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be open right now and it goes to
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like the 27th or it's on the 27th.
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It wasn't clear about that. I was trying
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to get some clear. So it's close anyways.
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And I said to Nathan. before the show
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that the vote with which it passes and
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it will pass will tell you a lot
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about Sailor's footing with the company and with
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the shareholders. If it passes 6535, he's on
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the hot seat. If it passes like 85,
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15, 90 to 10, whatever, like, probably fine.
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And I don't think there's any danger of
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him resigning, even though I'm still not convinced
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that he's the best guy to lead the
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charge of that company anymore. I think the
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right guy is actually at that company, maybe,
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but it's not him. Just to clarify about
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you're saying, Sailor's not the right guy to
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lead the charge? If he gets 35 %
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no when it comes to that daily, yeah,
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then he's, I think he's got to consider
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stepping down. But hold on. For clarification, the
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vote is open as of October 5th, it
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looks like, and then closes on basically midnight
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of the 27th. Yeah, okay. But he already
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kind of has removed, he already removed himself
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from the CEO position. I think probably with
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acknowledgement of that fact. Are you saying you
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need to remove himself from the chairman position?
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Yeah. Boy, I don't know, boy, I don't
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know, boy. I don't know, man. You're going
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to see. I think it's very much dependent
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on how that vote turns out. Because at
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the end of the day, there's two things,
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like, we said this before, I think it
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bears repeating, because obviously these companies now are
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thinking the way that we have been thinking
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for months. And it is that no one
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actually cares about your balance sheet. What they
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care about is how much your dividend is
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and how often they get it. And so
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the question then becomes, do the people who
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hold MSTR, who get to vote on this,
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do they want that ticker to issue dailies
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every business day at the risk of them
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continuing to be del? That's the question. And
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if the shareholders answer overwhelmingly, they don't care,
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then, I mean, then we ride. and that's
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it. If they answer that they do care,
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even at 30 or 35 percent, I think
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that's a bigger number than any of us
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would expect. I don't know what that vote's
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going to turn out like. And to be
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honest with you, like, it's still one of
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these things where voting is not the easiest
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process in the world. If you guys own
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any, like if you, in Canada, for example,
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like I do my investing through wealth simple
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and they send me, you know, may. in
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the in my mailbox to vote via phone
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call or whatever like to you know go
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to a board meeting or whatever it's like
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it's too much it's too involved right which
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is another problem with this whole process so
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I don't know how many people are going
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to vote given that you got to think
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a hundred percent or close the MSTR shareholders
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are digitally native we'll see how this turns
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out I I I to be also the
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other thing that bothers me about this a
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little bit is that this is obviously now
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being met head on with the what is
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the other ticker that we're going to talk
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about? The SATs ticker from SADA that's going
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to run 15 % every business day. Like,
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that's 3 % higher than the STRC yield
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right now. And they're close to the peg,
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right? So, presumably, that that yield's not going
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up anytime soon. So they're just going to
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always be behind. Is that the plan? A
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lot of competition here, taking shape. And I
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would guess, I mean, I know I got
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the daily thing right a while ago, but
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I didn't think any of this other stuff
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was going to happen. I didn't predict there's
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going to be a 15 % no matter
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what, every business day, stock issuance from these
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guys. That's fun. I'm having fun, man. I'm
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not, I mean, Walker, I'm not selling. I'm
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not selling anything. I don't know about you,
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but. I'm not selling anything. I also, Michael,
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because I know you listen to this. I
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don't do it. I'd like to apologize for
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my turncoat friend, Joey, who really was, was
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supporting you financially in the background, but didn't
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have the Cajonese to do it in front
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of the mic as I have. So shout
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out to you, Michael. But, I don't know,
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I think the guy, I think he'll probably
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remove himself when he needs to. I don't
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think he needs to, though. Like, he's already
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taking himself out of the CEO role. He
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did that proactively, what, 18 months ago? Yeah,
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something like that. So he's already like, he's
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already realized that that he needs to sort
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of remove himself somewhat. But like, I don't
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know. Personally, I think like, if you start
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a company like that, it's your goddamn right
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to stay as the chairman as long as
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you fucking want to. Totally. And like, and
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he's obviously a massive shareholder. right? That's the
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only trade. Like, I would say, like, if
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private company, it's yours to do what you
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want with, but it's public, it kind of
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changes. But you cannot deny the man's performance.
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Like, what are you going to knock him
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on? You know what I mean? Like, like,
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okay, if they didn't, if he wasn't removed
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as chairman of the board during like the,
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whatever, 15 to 20 years when the stock
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was like in a trough before it went
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fucking vertical and made so many people really
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rich, he's not going to get removed now.
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But you're going to be wrong. I'm not
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a shareholder. I have no dog in this
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fight. You guys can picture each other during
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your shareholder. I'm sure you're not. Yeah. I'm
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sure you're not. Yeah. I don't. I don't
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have a big old bag of MSTR. And
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over your phone. Hand over your phone. I'll
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give you. I'll give you the phone. I'll
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legit don't have anything outside like Bitcoin in
326
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house. And I'm from my previous job. I
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have some tied up in an ETF. That's
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literally all I got. I lost all my
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stocks in equity in 2008. An ETFF and
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you know, maybe some micro strategy. Oh, fuck
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out, Walker. But the one thing that I
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did want to touch on at least a
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little bit because they kind of traded spots
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here is I'm taking a look at the
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STR versus the SATA versus the SATA price.
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there and sailors taken the front. He was
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behind for quite a while there and trying
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to play catch up with them. And I
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think with the move that they have the
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00:13:59.380 --> 00:14:00.440
vote on the Daily Dividend, and I think
341
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the daily dividend is going to go through
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that they've taken that better position. I think
343
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this is similar to the Treasury market situation
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where you really don't, do you really need
345
00:14:08.660 --> 00:14:10.280
two of these things? You really need two
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00:14:10.280 --> 00:14:12.380
Bitcoin backed for more or less, more or
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00:14:12.380 --> 00:14:13.520
less a better term. Do you really that
348
00:14:13.520 --> 00:14:16.080
competition? Is that what you're asking? No, no,
349
00:14:16.080 --> 00:14:17.900
do you need two of these products, right?
350
00:14:17.900 --> 00:14:19.340
Do we do we need two micro strategies?
351
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Will there be two giant like, you know,
352
00:14:21.760 --> 00:14:23.960
Bitcoin Treasury plays? I think that. they ultimately
353
00:14:23.960 --> 00:14:26.320
cannibalize the same market and that they're going
354
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to keep escalating their offering in competition with
355
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one another to the point like it's just
356
00:14:31.200 --> 00:14:34.940
a a safer more well -regulated aspect of
357
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like the degenerate gambling we see in all
358
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coin spaces where it's like one place had
359
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10x now we're offering 20x now we're offering
360
00:14:39.680 --> 00:14:41.880
30x like the yields have only gone in
361
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one direction and now they're coming out and
362
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offering 15 percent does that then draw away
363
00:14:45.720 --> 00:14:46.920
from sailor and he's got to raise the
364
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yield on his like i feel like this
365
00:14:48.440 --> 00:14:49.840
is one of those they're going to keep
366
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going out the risk curve on both their
367
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products and offerings until somebody gets into trouble.
368
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Like, I can't see them not just trading
369
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blows and constantly fighting for the same basically
370
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pool of buyers that are coming into the
371
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space. Because there's such a similar offering at
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this point that like, what are you going
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to do to stand out? If they're both,
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if they're both daily to at that point,
375
00:15:07.120 --> 00:15:08.920
all you've got is the yield, right? The
376
00:15:08.920 --> 00:15:10.280
yield and like Joey said, no one gives
377
00:15:10.280 --> 00:15:11.700
the shit about the balance sheet. And so
378
00:15:11.700 --> 00:15:13.160
I think that's going to keep forcing them
379
00:15:13.160 --> 00:15:15.480
to do a higher and higher higher dividend.
380
00:15:15.480 --> 00:15:18.200
I don't. Maybe I'm wrong. The Walker thought.
381
00:15:18.200 --> 00:15:20.720
I mean, it sounds like you're bitching about
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00:15:20.720 --> 00:15:23.340
free market competition that all ultimately benefits all
383
00:15:23.340 --> 00:15:26.660
of us. No, no, I'm bitching about, I'm
384
00:15:26.660 --> 00:15:27.480
bitching about leverage. No, no, no. I wish
385
00:15:27.480 --> 00:15:29.440
there was only one option. I'm binging about
386
00:15:29.440 --> 00:15:32.660
leverage and yield on Bitcoin on Bitcoin affinity
387
00:15:32.660 --> 00:15:34.820
scams, because this is a Bitcoin affinity scam.
388
00:15:34.820 --> 00:15:36.220
There's, you do Bitcoin. It's not entitled to
389
00:15:36.220 --> 00:15:38.360
the equity holders. Okay, okay, okay, no, no,
390
00:15:38.360 --> 00:15:42.140
preferred stock. He's just, qualify that statement. You
391
00:15:42.140 --> 00:15:46.280
made this stretch, Bitcoin affinity. Stretch, yes, stretch,
392
00:15:46.280 --> 00:15:48.280
Seda, this new SATA, this new Sats coming
393
00:15:48.280 --> 00:15:51.000
in. None of them legally are bound. They're
394
00:15:51.000 --> 00:15:53.400
not credit, right? the digital credit because it's
395
00:15:53.400 --> 00:15:55.280
such a fucking bait and switch. They are
396
00:15:55.280 --> 00:15:57.780
not credit. They are preferred equity. You have
397
00:15:57.780 --> 00:16:00.160
no claim on any of the underlying. They're
398
00:16:00.160 --> 00:16:00.960
a high -y -y -y -old corporate -
399
00:16:00.960 --> 00:16:02.080
No one thinks they have any claim on
400
00:16:02.080 --> 00:16:03.520
the Bitcoin. Like, nobody thinks they have any
401
00:16:03.520 --> 00:16:05.180
claim of the Bitcoin with MSD -R or
402
00:16:05.180 --> 00:16:07.380
with ASS -D. The whole marketing is like
403
00:16:07.380 --> 00:16:10.440
supercharged Bitcoin yield, get rid of the volatility.
404
00:16:10.440 --> 00:16:12.760
We've got this in our coffers. They totally
405
00:16:12.760 --> 00:16:14.200
do. Some people are retarded. That's the whole
406
00:16:14.200 --> 00:16:18.400
pitch. Yes, yes. Yes. Yes. Like, okay. Some
407
00:16:18.400 --> 00:16:20.860
people think you should drink bleach. Can I
408
00:16:20.860 --> 00:16:22.200
stop it? No. Do I, do I, do
409
00:16:22.200 --> 00:16:25.360
I? shouldn't drink bleach either. Maybe. Can I
410
00:16:25.360 --> 00:16:26.900
stop it? No. Do I want to stop
411
00:16:26.900 --> 00:16:28.580
it? No. Am I okay with free market?
412
00:16:28.580 --> 00:16:30.420
Yes. Am I fine with gambling as well,
413
00:16:30.420 --> 00:16:31.860
too? But I think this is a drag
414
00:16:31.860 --> 00:16:33.600
on the space ultimately, particularly when they're not
415
00:16:33.600 --> 00:16:35.380
even trying to sell you on like, we're
416
00:16:35.380 --> 00:16:37.240
holding the Bitcoin for you, like an ETF,
417
00:16:37.240 --> 00:16:38.540
we're making it easier for you, or we're
418
00:16:38.540 --> 00:16:40.300
doing like more Bitcoin for sure. And they
419
00:16:40.300 --> 00:16:42.740
could get sued for saying that. Correct. But
420
00:16:42.740 --> 00:16:45.200
they want that credit appeal. They want to
421
00:16:45.200 --> 00:16:46.540
come in and say that we're like a
422
00:16:46.540 --> 00:16:48.560
credit product, like a money market fund, but
423
00:16:48.560 --> 00:16:51.220
it's digital credit. Yeah, hashtag not really credit.
424
00:16:51.220 --> 00:16:53.420
You have no claim on the ass. whatsoever.
425
00:16:53.420 --> 00:16:57.220
They're selling you an equity product. If they're
426
00:16:57.220 --> 00:16:59.340
giving you 15 % that should be a
427
00:16:59.340 --> 00:17:01.320
reflection of the risk that you're taking on
428
00:17:01.320 --> 00:17:03.300
associated with it, which is 100 % there.
429
00:17:03.300 --> 00:17:06.360
And again, I'm not saying. That's what the
430
00:17:06.360 --> 00:17:08.380
yield indicates is the risk you're taking. But
431
00:17:08.380 --> 00:17:09.800
they just drop me off. Just drop me
432
00:17:09.800 --> 00:17:12.480
off the screen as a, as a, yeah,
433
00:17:12.480 --> 00:17:14.620
they try to market it as a safer,
434
00:17:14.620 --> 00:17:17.820
less volatile alternative to holding the underlying. I
435
00:17:17.820 --> 00:17:19.620
think it's a, but there's one, make very
436
00:17:19.620 --> 00:17:20.880
clear, do whatever the hell you want with
437
00:17:20.880 --> 00:17:23.080
your money. I'm fine with gambling as well,
438
00:17:23.080 --> 00:17:24.520
too. So I have no, like, we should
439
00:17:24.520 --> 00:17:26.300
stop this or anything, too. But I think
440
00:17:26.300 --> 00:17:29.080
it's not necessarily a positive for the space.
441
00:17:29.080 --> 00:17:30.500
And I think that one of them will
442
00:17:30.500 --> 00:17:31.980
eventually blow up. So I'm not saying that
443
00:17:31.980 --> 00:17:33.680
I don't want the competition, but by the
444
00:17:33.680 --> 00:17:36.140
nature of, like, financial vehicles competition, they're going
445
00:17:36.140 --> 00:17:38.460
to keep going out the risk curve until
446
00:17:38.460 --> 00:17:40.260
something goes wrong. Like, just say even the
447
00:17:40.260 --> 00:17:42.480
Black Swan event, something goes really bad in
448
00:17:42.480 --> 00:17:44.580
credit markets overall. I could have nothing to
449
00:17:44.580 --> 00:17:47.160
do with them, right? They could get sucked
450
00:17:47.160 --> 00:17:48.920
down in the vortex of like a, you
451
00:17:48.920 --> 00:17:51.160
know, correlation goes to one event. and they're
452
00:17:51.160 --> 00:17:52.520
just on the wrong side of things. And
453
00:17:52.520 --> 00:17:54.080
Bitcoin just drops like hell and they can't
454
00:17:54.080 --> 00:17:55.380
make it back up. Which is kind of
455
00:17:55.380 --> 00:17:57.420
like what you were calling for back when
456
00:17:57.420 --> 00:17:59.600
it was down in the low 80s, right?
457
00:17:59.600 --> 00:18:00.760
and then we're - No, no. We were
458
00:18:00.760 --> 00:18:02.840
saying that they're probably going to get saved
459
00:18:02.840 --> 00:18:04.420
by the price. I was saying they're probably
460
00:18:04.420 --> 00:18:05.420
going to get saved by the price by
461
00:18:05.420 --> 00:18:06.580
the end of year. And they totally hasn't
462
00:18:06.580 --> 00:18:08.900
done that much saving yet. Fuck. Off of
463
00:18:08.900 --> 00:18:10.380
the, it wasn't going to 40s, though. I
464
00:18:10.380 --> 00:18:11.500
didn't think it was going to 40s. We
465
00:18:11.500 --> 00:18:12.760
were hanging out the 60s and like, we're
466
00:18:12.760 --> 00:18:14.920
probably making a trip. 60 to 85 or
467
00:18:14.920 --> 00:18:16.800
82, whatever we got now or 80, whatever.
468
00:18:16.800 --> 00:18:18.560
They're fine here. They're not going to get
469
00:18:18.560 --> 00:18:20.540
in trouble unless something really goes along. They
470
00:18:20.540 --> 00:18:23.080
are selling a product with full disclosures of
471
00:18:23.080 --> 00:18:24.900
what it is to people who are willing
472
00:18:24.900 --> 00:18:27.400
buyers of said product. I see no issue
473
00:18:27.400 --> 00:18:29.200
with that. And also the fact that those
474
00:18:29.200 --> 00:18:32.460
products are vehicles for acquiring more Bitcoin. I
475
00:18:32.460 --> 00:18:33.940
would take us on a weird side tangent
476
00:18:33.940 --> 00:18:35.680
that is maybe just a philosophical discreet, which
477
00:18:35.680 --> 00:18:38.880
is totally fine as well. I'm like anarchist
478
00:18:38.880 --> 00:18:40.960
libertarian, not telling people what to do. But
479
00:18:40.960 --> 00:18:42.200
you don't like the free market. You don't
480
00:18:42.200 --> 00:18:45.000
like more than one option. So for example,
481
00:18:45.000 --> 00:18:47.240
right, it's like I would 100 % 100
482
00:18:47.240 --> 00:18:50.000
% be again before the complete decriminalization of
483
00:18:50.000 --> 00:18:51.680
any and all. drugs, including hard shit like
484
00:18:51.680 --> 00:18:53.060
crack and heroin. You want to buy crack
485
00:18:53.060 --> 00:18:54.960
and heroin, fine. But I can tell you,
486
00:18:54.960 --> 00:18:56.860
it's a dumb fucking idea. And if I
487
00:18:56.860 --> 00:18:59.400
do have a voluntary community association or something
488
00:18:59.400 --> 00:19:00.540
too, I'd be like, you're not doing that
489
00:19:00.540 --> 00:19:01.800
shit on the streets. We're finding you or
490
00:19:01.800 --> 00:19:03.620
kicking you the fuck out. So I'm in
491
00:19:03.620 --> 00:19:05.780
no way saying. That's not decriminalized, really. If
492
00:19:05.780 --> 00:19:07.180
you're kicking people out. Because you can have
493
00:19:07.180 --> 00:19:09.020
voluntary, you can have like a voluntary community
494
00:19:09.020 --> 00:19:10.860
association. You can have a volunteer situation. So
495
00:19:10.860 --> 00:19:12.020
basically what I'm saying is that just as
496
00:19:12.020 --> 00:19:14.220
long as it's not in your backyard, right?
497
00:19:14.220 --> 00:19:15.300
Correct. And I don't want this shit in
498
00:19:15.300 --> 00:19:16.600
my backyard is basically what I'm saying. And
499
00:19:16.600 --> 00:19:19.020
you can have those. Isn't decriminalized elsewhere. Let
500
00:19:19.020 --> 00:19:20.660
the other people deal with a. I'm not
501
00:19:20.660 --> 00:19:22.120
saying lock them in a cage. I'm saying
502
00:19:22.120 --> 00:19:23.580
if you want to come, let's say, we'll
503
00:19:23.580 --> 00:19:26.080
take an example. We have the Bitcast compound.
504
00:19:26.080 --> 00:19:27.180
I'm saying if you come on the Bitcast
505
00:19:27.180 --> 00:19:28.720
compound, you start shooting up heroin on the
506
00:19:28.720 --> 00:19:30.200
couch. If you don't offer Joey some, I'm
507
00:19:30.200 --> 00:19:31.920
kicking you the fuck out. Like, that's my
508
00:19:31.920 --> 00:19:33.460
property. I can then design what I want
509
00:19:33.460 --> 00:19:35.000
to do with it. And so I'm not
510
00:19:35.000 --> 00:19:37.040
saying that, I'm saying that I'm not stopping
511
00:19:37.040 --> 00:19:38.700
anyone, but I can have a preference and
512
00:19:38.700 --> 00:19:39.660
say, like, I think this is a good
513
00:19:39.660 --> 00:19:40.780
idea or I think this is a bad
514
00:19:40.780 --> 00:19:42.140
idea, which isn't. You like to dictate what
515
00:19:42.140 --> 00:19:43.940
happens on public property, you mean, even though
516
00:19:43.940 --> 00:19:45.940
the action that you apparently are okay with
517
00:19:45.940 --> 00:19:48.080
happening. You and I both know public property
518
00:19:48.080 --> 00:19:49.420
doesn't exist, but we're going down a different
519
00:19:49.420 --> 00:19:52.120
tangent. This is more like, let's compare this
520
00:19:52.120 --> 00:19:53.560
to cigarette. We're going to compare this to
521
00:19:53.560 --> 00:19:56.000
cigarettes, okay? This is the thing about cigarettes
522
00:19:56.000 --> 00:19:58.540
that. Oh, I miss smoking, man. People are,
523
00:19:58.540 --> 00:20:00.760
people are aware that cigarettes are bad for
524
00:20:00.760 --> 00:20:03.520
you, but some places, like, put the dying
525
00:20:03.520 --> 00:20:05.960
30 -year -old guy with his neck split
526
00:20:05.960 --> 00:20:08.660
out open. Europe. Talking through a fucking straw.
527
00:20:08.660 --> 00:20:10.200
Canada. We do it, too. Oh, you do
528
00:20:10.200 --> 00:20:12.560
it too. Yeah, Walker. I've never ripped a
529
00:20:12.560 --> 00:20:14.140
grid in Canada, so I don't know. You
530
00:20:14.140 --> 00:20:16.900
can't buy a dart in Canada without, without,
531
00:20:16.900 --> 00:20:18.400
the packaging is all covered now in the
532
00:20:18.400 --> 00:20:20.260
stores. There's no. You can't see. boxes. When
533
00:20:20.260 --> 00:20:21.840
you buy the cigarettes, it's in a white
534
00:20:21.840 --> 00:20:23.640
container. When you open it, it's got the
535
00:20:23.640 --> 00:20:25.220
dying 30 -year -old or the dying baby
536
00:20:25.220 --> 00:20:27.460
or whatever the messaging is. Like that level
537
00:20:27.460 --> 00:20:30.460
of, that level of disclosure, MSTR is not
538
00:20:30.460 --> 00:20:32.700
doing. I agree there. But there is the
539
00:20:32.700 --> 00:20:35.040
fine print. There is the expectation. I don't
540
00:20:35.040 --> 00:20:36.740
think anyone's got a tracheotomy because they bought
541
00:20:36.740 --> 00:20:39.480
some, some STRC, you know. Let me, let
542
00:20:39.480 --> 00:20:41.180
me ride this. I mean, I think maybe
543
00:20:41.180 --> 00:20:43.280
they just sell a cup of bleach with
544
00:20:43.280 --> 00:20:45.520
every share of S -PIRC and see. They
545
00:20:45.520 --> 00:20:48.160
are, they are. The problem that the Bitcoiners
546
00:20:48.160 --> 00:20:49.720
have, I think. And I think, and I,
547
00:20:49.720 --> 00:20:53.600
I don't necessarily disagree with the feeling that
548
00:20:53.600 --> 00:20:56.040
something here is unclean, okay? I'm not saying
549
00:20:56.040 --> 00:20:57.720
that. But what I am saying is that
550
00:20:57.720 --> 00:21:00.160
there's going to be a disagreement about whether
551
00:21:00.160 --> 00:21:02.700
or not knowing that the thing will, you
552
00:21:02.700 --> 00:21:04.860
know, give you a tracheotomy or whatever, if
553
00:21:04.860 --> 00:21:07.920
you continue to use it, should the guy
554
00:21:07.920 --> 00:21:10.480
be allowed to smoke in the Wendy's, even
555
00:21:10.480 --> 00:21:12.040
though he's in the glass box and your
556
00:21:12.040 --> 00:21:15.180
next analogy is getting tenuous? This is, this
557
00:21:15.180 --> 00:21:17.020
is the problem Bitcoiners have. They think that
558
00:21:17.020 --> 00:21:19.860
this thing, the MSTR guys say, it's none
559
00:21:19.860 --> 00:21:21.280
of your concern. If I want to buy
560
00:21:21.280 --> 00:21:22.520
this, if I want to buy STR, see,
561
00:21:22.520 --> 00:21:23.300
if I want to do whatever, it's none
562
00:21:23.300 --> 00:21:25.440
of your concern. And the Bitcoiners are going,
563
00:21:25.440 --> 00:21:28.200
I'm getting secondhand MSTR here, and I'm worried
564
00:21:28.200 --> 00:21:29.700
that down the road, this is going to
565
00:21:29.700 --> 00:21:31.840
affect my health. And health is the health
566
00:21:31.840 --> 00:21:33.880
is the price. And so the question is,
567
00:21:33.880 --> 00:21:36.100
should you be allowed to smoke the MSTR
568
00:21:36.100 --> 00:21:38.220
in a restaurant knowing that there's going to
569
00:21:38.220 --> 00:21:40.100
be some risk to the other people in
570
00:21:40.100 --> 00:21:42.060
the restaurant? I don't know. But it feels
571
00:21:42.060 --> 00:21:43.840
to me like that's what the Bitcoiners think,
572
00:21:43.840 --> 00:21:45.720
that this thing is presenting a risk to
573
00:21:45.720 --> 00:21:47.880
their asset, that they're not willing to. stomach
574
00:21:47.880 --> 00:21:49.460
and they have no choice but to stomach
575
00:21:49.460 --> 00:21:53.460
it because it's just so heavily levered levered
576
00:21:53.460 --> 00:21:56.860
so heavily tied to that asset i don't
577
00:21:56.860 --> 00:21:58.660
think any of this has a clean answer
578
00:21:58.660 --> 00:22:01.580
but i i i will say that the
579
00:22:01.580 --> 00:22:05.300
risk to bitcoin on the back of msterr
580
00:22:05.300 --> 00:22:07.840
i think is shrinking by the day and
581
00:22:07.840 --> 00:22:09.560
so yes they have a lot of bitcoin
582
00:22:09.560 --> 00:22:10.780
yes they have a lot of you know
583
00:22:10.780 --> 00:22:12.440
these sort of vehicles and stuff like that
584
00:22:12.440 --> 00:22:14.540
they're playing some games here that for sure
585
00:22:14.540 --> 00:22:16.720
are riskier than they need to be maybe
586
00:22:16.720 --> 00:22:18.060
but like we're like we're said before the
587
00:22:18.060 --> 00:22:19.580
show is before you got on the on
588
00:22:19.580 --> 00:22:21.480
the back room in their walker like how
589
00:22:21.480 --> 00:22:23.900
convenient well the risk is contained in my
590
00:22:23.900 --> 00:22:25.680
opinion the risk is contained to the tickers
591
00:22:25.680 --> 00:22:27.440
at this point like well don't forget joey
592
00:22:27.440 --> 00:22:29.440
you've also got that like shtr x shit
593
00:22:29.440 --> 00:22:31.060
so it might not be anything that these
594
00:22:31.060 --> 00:22:32.720
guys do but the other shit that gets
595
00:22:32.720 --> 00:22:33.980
put on top of it i just think
596
00:22:33.980 --> 00:22:35.480
of the thesis you guys are putting forward
597
00:22:35.480 --> 00:22:37.280
and again joey i love that you're i
598
00:22:37.280 --> 00:22:38.960
love that you're still like you know on
599
00:22:38.960 --> 00:22:41.600
on on on air bear and then backroom
600
00:22:41.600 --> 00:22:44.360
just slam and smashing today's wednesday today's wednesday
601
00:22:44.360 --> 00:22:46.360
i just by button like a red -headed
602
00:22:46.360 --> 00:22:48.320
stepchild, you know, I mean, you're just going
603
00:22:48.320 --> 00:22:52.220
after it. But like, okay, I just think
604
00:22:52.220 --> 00:22:55.300
the fundamental problem with, like, you guys make
605
00:22:55.300 --> 00:22:56.940
some nice points and you make them very
606
00:22:56.940 --> 00:22:59.820
well. The fundamental problem is that like they're
607
00:22:59.820 --> 00:23:04.820
relying on assumptions that I think are in
608
00:23:04.820 --> 00:23:07.780
disagreement with what you guys actually believe will
609
00:23:07.780 --> 00:23:10.560
happen. Like, in order for you guys to
610
00:23:10.560 --> 00:23:12.900
believe what you're putting forward right now, that
611
00:23:12.900 --> 00:23:14.740
there is this outside risk, that this is
612
00:23:14.740 --> 00:23:18.000
analogous, to shooting up heroin in public or
613
00:23:18.000 --> 00:23:21.740
smoking inside a restaurant. You base, which like,
614
00:23:21.740 --> 00:23:23.380
you could have found some better analogies, guys.
615
00:23:23.380 --> 00:23:25.400
We're fucking 30 minutes in. How many more
616
00:23:25.400 --> 00:23:27.820
analogies? Now I get to rip them apart.
617
00:23:27.820 --> 00:23:29.800
But, but, so if you're going to say
618
00:23:29.800 --> 00:23:32.000
that, like, then you guys shouldn't be in
619
00:23:32.000 --> 00:23:33.880
Bitcoin. Like, you shouldn't be holding so much
620
00:23:33.880 --> 00:23:35.220
Bitcoin right now. You shouldn't be so all
621
00:23:35.220 --> 00:23:37.540
in on Bitcoin. That's a pretty dumb move.
622
00:23:37.540 --> 00:23:39.280
If you think that there's a guy shooting
623
00:23:39.280 --> 00:23:41.200
up heroin right next to, he's about to,
624
00:23:41.200 --> 00:23:42.740
like, come and beat up your kid. And
625
00:23:42.740 --> 00:23:43.980
you guys are like, well, I'll have some
626
00:23:43.980 --> 00:23:46.440
more of that, please. Like, no, no, your
627
00:23:46.440 --> 00:23:48.880
actions do not match your words. Joey, we
628
00:23:48.880 --> 00:23:50.700
already know this with you. I'm making the
629
00:23:50.700 --> 00:23:53.060
distinction between. My other private chats are going
630
00:23:53.060 --> 00:23:54.700
to love this. There's what I want to
631
00:23:54.700 --> 00:23:57.360
happen, what I want to advocate for. And
632
00:23:57.360 --> 00:23:58.900
I advocate for the same thing that you
633
00:23:58.900 --> 00:24:01.520
advocate for Walker. We both advocate for Bitcoin
634
00:24:01.520 --> 00:24:03.400
and self -custody. And then we can have
635
00:24:03.400 --> 00:24:06.500
disagreements on. Keep it on your cold card.
636
00:24:06.500 --> 00:24:09.100
No, fuck can I. No, don't do that.
637
00:24:09.100 --> 00:24:10.260
Then we both of them get to the
638
00:24:10.260 --> 00:24:12.360
weeds about like from China. Keep it on
639
00:24:12.360 --> 00:24:14.260
your CASA, CASA. Make sure you bought it
640
00:24:14.260 --> 00:24:16.700
from Treas. who leaked all of your customer
641
00:24:16.700 --> 00:24:19.140
data and your home address. Make sure you
642
00:24:19.140 --> 00:24:20.440
about that ledger and make sure that there's
643
00:24:20.440 --> 00:24:22.760
a... Buy it from Larry Fink. There you
644
00:24:22.760 --> 00:24:24.980
go. That's probably better go. You know what?
645
00:24:24.980 --> 00:24:26.540
Just go back to banking, which will give
646
00:24:26.540 --> 00:24:32.700
me a good segue into... Perfect. I'm doing...
647
00:24:32.700 --> 00:24:35.000
I'm taking control. I think that's Walker 1,
648
00:24:35.000 --> 00:24:38.420
Joey and Nathan, negative 4. Don't worry, guys.
649
00:24:38.420 --> 00:24:39.700
We're just... We're going to put all this
650
00:24:39.700 --> 00:24:41.280
aside. We're going to go back to traditional
651
00:24:41.280 --> 00:24:44.580
banking, uh, where the OCC, uh, where the
652
00:24:44.580 --> 00:24:47.420
OCC, uh, also known as the Office of
653
00:24:47.420 --> 00:24:51.460
the Comptroller of the Currency, uh, just confirmed
654
00:24:51.460 --> 00:24:55.940
in regards to Operation Choke Point 2 .0.
655
00:24:55.940 --> 00:24:58.260
So between 2020 and 2025, based on a
656
00:24:58.260 --> 00:25:01.620
review of 100 ,000 complaints, America's largest banks
657
00:25:01.620 --> 00:25:06.080
systematically denied banking to lawful businesses based on
658
00:25:06.080 --> 00:25:11.440
political and reputational considerations rather than objective financial
659
00:25:11.440 --> 00:25:15.980
risk, effectively appointing themselves arbiters of which industries
660
00:25:15.980 --> 00:25:19.780
deserved access to the financial system, digital assets,
661
00:25:19.780 --> 00:25:22.440
was specifically named as one of the six
662
00:25:22.440 --> 00:25:26.760
most affected industries. So nothing to do with
663
00:25:26.760 --> 00:25:31.060
actual financial risk. Another one here, quote, we
664
00:25:31.060 --> 00:25:33.240
found that all these banks had adopted reputation
665
00:25:33.240 --> 00:25:36.840
risk policies, again, at various levels, allowed political
666
00:25:36.840 --> 00:25:41.980
considerations, public opinion, and social pressures to influence
667
00:25:41.980 --> 00:25:46.520
who banks, uh, deemed not worthy to access
668
00:25:46.520 --> 00:25:51.700
financial services. Yeah, so I mean, not that
669
00:25:51.700 --> 00:25:54.880
we didn't already suspect this and have some
670
00:25:54.880 --> 00:25:59.600
pretty good examples, but it's official official that
671
00:25:59.600 --> 00:26:03.080
the banks were, you know, picking who they
672
00:26:03.080 --> 00:26:07.300
wanted. Now, at the same time, if I,
673
00:26:07.300 --> 00:26:09.240
here we go, at the same time as
674
00:26:09.240 --> 00:26:12.540
they were picking and choosing who gets to
675
00:26:12.540 --> 00:26:16.620
bank, They were also laundering a fuck ton
676
00:26:16.620 --> 00:26:18.440
of money. So today, the U .S. Department
677
00:26:18.440 --> 00:26:22.560
of the Treasury announced enforcement actions imposing more
678
00:26:22.560 --> 00:26:25.840
than 1 .21 billion in penalties against Bank
679
00:26:25.840 --> 00:26:28.540
of America for violations of anti -money laundering
680
00:26:28.540 --> 00:26:32.060
and sanctions laws. These actions represent the third
681
00:26:32.060 --> 00:26:39.080
largest penalty in treasury history. Wow. Gentlemen. I
682
00:26:39.080 --> 00:26:42.180
mean... Nick was right about this when it
683
00:26:42.180 --> 00:26:43.980
was so unpopular to say. and I know
684
00:26:43.980 --> 00:26:46.260
we dunk on Nick, but this guy works
685
00:26:46.260 --> 00:26:48.540
in VC and has relationships with the banks
686
00:26:48.540 --> 00:26:51.200
that he is directly attacking and has for
687
00:26:51.200 --> 00:26:55.160
years and was fucking right about everything when
688
00:26:55.160 --> 00:26:57.300
all these government officials were telling him he
689
00:26:57.300 --> 00:26:59.520
was dreaming. All of them, whether it was
690
00:26:59.520 --> 00:27:02.260
Republican or Democrat. All of them were telling
691
00:27:02.260 --> 00:27:04.620
him that this thing was not real. Meanwhile,
692
00:27:04.620 --> 00:27:06.080
if you have, even if you're Canadian, like,
693
00:27:06.080 --> 00:27:07.080
I don't know what you guys went through
694
00:27:07.080 --> 00:27:09.680
with like BTC Sessions Inc. or you Walker
695
00:27:09.680 --> 00:27:12.480
with whatever like corporation you have that's sheltering
696
00:27:12.480 --> 00:27:15.720
the podcast. stuff, right? Whatever. We have one
697
00:27:15.720 --> 00:27:19.520
at CBP. We couldn't get a podcast account.
698
00:27:19.520 --> 00:27:21.000
I have a second, I have a secondary
699
00:27:21.000 --> 00:27:24.960
personal account that runs all the corporations' finances.
700
00:27:24.960 --> 00:27:26.880
And trying to explain that to an accountant
701
00:27:26.880 --> 00:27:30.580
is like impossible. It just, it doesn't compute
702
00:27:30.580 --> 00:27:32.920
for them. Meanwhile, all the people in Bitcoin
703
00:27:32.920 --> 00:27:35.100
are going through this bullshit, not because of
704
00:27:35.100 --> 00:27:40.280
risk, but because of reputation. That's, to me,
705
00:27:40.280 --> 00:27:42.280
that's a bit of a revelation because I
706
00:27:42.280 --> 00:27:44.820
thought that they were, unfairly assigning risk to
707
00:27:44.820 --> 00:27:47.020
the asset with which we were affiliated. But
708
00:27:47.020 --> 00:27:49.720
now it's actually like a personal sort of
709
00:27:49.720 --> 00:27:52.040
attack. Well, you saw that happening to, who
710
00:27:52.040 --> 00:27:54.660
is it, like, James Woods? Well, fucking everybody.
711
00:27:54.660 --> 00:27:58.880
Everybody had an opinion. They, they, who's the
712
00:27:58.880 --> 00:28:03.500
other one? Didn't, who's the, the, the, the,
713
00:28:03.500 --> 00:28:06.900
make the frogs gay guy. Alex Jones. Yeah,
714
00:28:06.900 --> 00:28:08.300
he lost his bank account, if I'm not
715
00:28:08.300 --> 00:28:09.880
mistaken. There's a bunch of people like that
716
00:28:09.880 --> 00:28:11.960
that just like, they say the wrong thing.
717
00:28:11.960 --> 00:28:13.040
And they're like, all right, no bad. bank
718
00:28:13.040 --> 00:28:15.160
account for you. A fucking Adam O 'Brien,
719
00:28:15.160 --> 00:28:17.320
Adam O 'Brien and his wife. A hundred
720
00:28:17.320 --> 00:28:19.740
thousand complaints though. Like how many more people
721
00:28:19.740 --> 00:28:21.040
had that happened to them and just were
722
00:28:21.040 --> 00:28:23.180
like, well, what are they going to do
723
00:28:23.180 --> 00:28:24.520
if I complain? You know, like that's the
724
00:28:24.520 --> 00:28:27.620
new bank account. So that's actually, that's insane.
725
00:28:27.620 --> 00:28:28.860
Big number. But you know what I'll, okay,
726
00:28:28.860 --> 00:28:30.280
you know what, like taking this out of
727
00:28:30.280 --> 00:28:33.780
level. And what's even more insane is that
728
00:28:33.780 --> 00:28:36.280
you haven't seen more of an embrace of
729
00:28:36.280 --> 00:28:41.420
Bitcoin on the persecuted political right. Even after,
730
00:28:41.420 --> 00:28:43.820
it's like, and how fucking? dumb are you?
731
00:28:43.820 --> 00:28:45.540
Like, you've got this thing that gives you
732
00:28:45.540 --> 00:28:48.020
this out, but instead you're just like, well,
733
00:28:48.020 --> 00:28:49.440
at least I lodged my complaint and five
734
00:28:49.440 --> 00:28:50.600
years later, you know, five years later, the
735
00:28:50.600 --> 00:28:52.320
office of the comptroller put out a report.
736
00:28:52.320 --> 00:28:53.460
So I think I'm, well, I'm vindicated. Well,
737
00:28:53.460 --> 00:28:55.040
Walker, what's that red blue line that you
738
00:28:55.040 --> 00:28:56.220
like to throw around every day? There is
739
00:28:56.220 --> 00:28:58.080
no red, there is no blue. That's right.
740
00:28:58.080 --> 00:28:59.680
And there is you. The blues are a
741
00:28:59.680 --> 00:29:01.660
bit more tardy, though, if I do say
742
00:29:01.660 --> 00:29:05.320
for myself and annoying. The problem is that.
743
00:29:05.320 --> 00:29:06.480
But the reds get in line with the
744
00:29:06.480 --> 00:29:07.940
party as well, too. Well, why do you
745
00:29:07.940 --> 00:29:11.020
guys? And they all monetarily and fiscally, they're
746
00:29:11.020 --> 00:29:12.900
the same. Walker, why do you think there's
747
00:29:12.900 --> 00:29:14.540
not? not any move from the like political
748
00:29:14.540 --> 00:29:17.400
right, especially in the US to Bitcoin. I
749
00:29:17.400 --> 00:29:18.680
have my own theory, but I want to
750
00:29:18.680 --> 00:29:20.440
hear what you think about it. So I
751
00:29:20.440 --> 00:29:21.820
think a lot of the political right is
752
00:29:21.820 --> 00:29:26.480
very gold buggy, even in the younger generations.
753
00:29:26.480 --> 00:29:27.960
I was talking to somebody who's at like
754
00:29:27.960 --> 00:29:29.960
a, went to a few Mar -a -Lago
755
00:29:29.960 --> 00:29:31.760
events, and it was a Bitcoiner, I won't
756
00:29:31.760 --> 00:29:34.740
name them, because this was just shared in
757
00:29:34.740 --> 00:29:36.640
confidence, but they were, you know, they went
758
00:29:36.640 --> 00:29:38.000
to a few Mar -a -Lago events. They
759
00:29:38.000 --> 00:29:39.740
tried to like do some orange -pilling, right,
760
00:29:39.740 --> 00:29:40.800
and talk to people and say, like, oh,
761
00:29:40.800 --> 00:29:42.180
you know, what do you think of Bitcoin?
762
00:29:42.180 --> 00:29:44.020
And it was very much just like the
763
00:29:44.020 --> 00:29:45.900
responses they were getting was very much just
764
00:29:45.900 --> 00:29:49.820
the, like, oh, well, you know, you can't
765
00:29:49.820 --> 00:29:51.020
touch it, you know, I said, I prefer
766
00:29:51.020 --> 00:29:52.260
gold, you know, and da -da -da -da,
767
00:29:52.260 --> 00:29:54.700
like, the really just like the bottom of
768
00:29:54.700 --> 00:29:57.560
the barrel type of understanding of things. And
769
00:29:57.560 --> 00:29:58.820
that's not to say that that's the rule.
770
00:29:58.820 --> 00:30:00.860
I think there's, well, I would actually don't
771
00:30:00.860 --> 00:30:01.920
have the date on this. I bet like
772
00:30:01.920 --> 00:30:04.000
BPI does or Troy Cross has done some
773
00:30:04.000 --> 00:30:07.700
really great work about Bitcoin's intersection with, with
774
00:30:07.700 --> 00:30:10.400
the political. So I'm not, I'm going to
775
00:30:10.400 --> 00:30:12.280
talk out of my ass here. BPI and
776
00:30:12.280 --> 00:30:13.640
or Troy Cross, you can call me a
777
00:30:13.640 --> 00:30:17.400
dumbass later. I believe, just gut check, that
778
00:30:17.400 --> 00:30:20.860
the political right has probably, you know, a
779
00:30:20.860 --> 00:30:23.820
number of percentage points on Bitcoin adoption over
780
00:30:23.820 --> 00:30:26.860
the political left, if I had to guess.
781
00:30:26.860 --> 00:30:29.540
And that's probably, I mean, that's certainly, I
782
00:30:29.540 --> 00:30:31.780
think, the case in America. It's a case
783
00:30:31.780 --> 00:30:33.620
in Canada. Shake pay has done research on
784
00:30:33.620 --> 00:30:36.400
that. Yeah. Okay, yeah. I think Troy Cross
785
00:30:36.400 --> 00:30:38.040
has done some really great stuff on this.
786
00:30:38.040 --> 00:30:39.740
I'm trying to remember, like, our last conversation,
787
00:30:39.740 --> 00:30:40.720
because I know he talked about it, so
788
00:30:40.720 --> 00:30:43.320
sorry, Troy, Troy. But, I mean, like, as
789
00:30:43.320 --> 00:30:47.400
to why, I don't know, so it's interesting.
790
00:30:47.400 --> 00:30:49.320
I think that it's still really hard for
791
00:30:49.320 --> 00:30:51.360
people to grok, even if you have been
792
00:30:51.360 --> 00:30:57.540
literally politically persecuted and debanked because of that
793
00:30:57.540 --> 00:31:00.660
political persecution, like, because of your political beliefs,
794
00:31:00.660 --> 00:31:04.200
you were debanked, those people still have a
795
00:31:04.200 --> 00:31:07.600
difficult time coming around to Bitcoin, because I
796
00:31:07.600 --> 00:31:10.500
think they don't view it as politically expedient.
797
00:31:10.500 --> 00:31:13.920
I think a lot of the hyper -partisanship
798
00:31:13.920 --> 00:31:18.600
is hyper -focused on what is politically expedient.
799
00:31:18.600 --> 00:31:20.300
And so, go ahead, Nathan. I'm curious of
800
00:31:20.300 --> 00:31:21.980
your thoughts on this. Sorry, I just wanted
801
00:31:21.980 --> 00:31:24.720
to try that hand -raised thing actually worked.
802
00:31:24.720 --> 00:31:26.300
So, no, I completely agree, Walker. I think
803
00:31:26.300 --> 00:31:28.040
one of the things that we forget is,
804
00:31:28.040 --> 00:31:29.160
because we are in the space, and we've
805
00:31:29.160 --> 00:31:30.480
been in the space for a while now,
806
00:31:30.480 --> 00:31:32.820
how difficult Bitcoin really is to grasp. And
807
00:31:32.820 --> 00:31:33.920
there's a couple things that immediately come to
808
00:31:33.920 --> 00:31:36.160
mind. One from the persecution side, like, I
809
00:31:36.160 --> 00:31:38.240
don't think we give necessarily enough credit of
810
00:31:38.240 --> 00:31:40.960
the negative sentiment and feelings that are attached
811
00:31:40.960 --> 00:31:42.820
to it. I remember talking to some people
812
00:31:42.820 --> 00:31:44.060
in my family about it, and the immediate
813
00:31:44.060 --> 00:31:47.220
response was like destroying the environment, absolute waste
814
00:31:47.220 --> 00:31:50.780
of energy, it's Trump coin, like an angry,
815
00:31:50.780 --> 00:31:52.860
angry that the subject came up, like somehow
816
00:31:52.860 --> 00:31:54.920
Bitcoin threatened them. Like, they almost got that
817
00:31:54.920 --> 00:31:56.860
hostility. And so I'm not surprised you'd see
818
00:31:56.860 --> 00:31:58.260
these things trickle out to people's bank accounts
819
00:31:58.260 --> 00:32:00.400
and every institution is probably happening all the
820
00:32:00.400 --> 00:32:02.900
time. They view it is actually vile. That
821
00:32:02.900 --> 00:32:05.040
whole Ben McKenzie shit, there are people that
822
00:32:05.040 --> 00:32:07.800
bought his crap that actually, right? That verified
823
00:32:07.800 --> 00:32:09.580
his loved him in the O .C. You
824
00:32:09.580 --> 00:32:11.440
know? I know, it was a great show.
825
00:32:11.440 --> 00:32:12.740
It was a tons of fun. That guy
826
00:32:12.740 --> 00:32:14.600
made a lot of heaps so much money.
827
00:32:14.600 --> 00:32:16.380
What a great example of like a guy
828
00:32:16.380 --> 00:32:18.520
that's like, what a rough and tumble character
829
00:32:18.520 --> 00:32:19.940
from a hard upbringing. And then you realize,
830
00:32:19.940 --> 00:32:22.000
oh, no, he's just a little California bitch.
831
00:32:22.000 --> 00:32:23.260
Yeah, I'll use a different word, but I
832
00:32:23.260 --> 00:32:24.600
caught myself because I'll get better on YouTube
833
00:32:24.600 --> 00:32:27.120
still for that one. The other thing, so,
834
00:32:27.120 --> 00:32:30.180
he's smooth. Tomorrow, tomorrow I'm releasing an episode
835
00:32:30.180 --> 00:32:31.540
with Jim Rickards. I had to did an
836
00:32:31.540 --> 00:32:34.080
interview with Jim Rich. Jimmy, hey, that's good.
837
00:32:34.080 --> 00:32:35.620
Again, this is a guy that has been
838
00:32:35.620 --> 00:32:38.600
in the monetary space and like CIA. and
839
00:32:38.600 --> 00:32:40.720
shit for a long time, right? Anyways, I
840
00:32:40.720 --> 00:32:42.020
asked him about Bitcoin at the end, and
841
00:32:42.020 --> 00:32:43.140
I had no interest in actually having, like,
842
00:32:43.140 --> 00:32:44.080
a debate, but it's like, I know that
843
00:32:44.080 --> 00:32:46.420
you're skeptical. What is your kind of hesitations
844
00:32:46.420 --> 00:32:48.680
or worries from being such a staunch bulga,
845
00:32:48.680 --> 00:32:51.360
gold bug, gold bug, Jesus. And what he
846
00:32:51.360 --> 00:32:53.220
said to me was, well, it's good if
847
00:32:53.220 --> 00:32:56.200
you want to evade, like, exchanges and evade
848
00:32:56.200 --> 00:32:58.620
the taxman and drug dealing. And that was
849
00:32:58.620 --> 00:33:01.780
his position, which is so unbelievably, like, I
850
00:33:01.780 --> 00:33:04.380
don't know, 2015, maybe era in terms of,
851
00:33:04.380 --> 00:33:06.660
like, foot against Bitcoin. Like, both those are
852
00:33:06.660 --> 00:33:08.960
just, or, or, you know, easily enough to
853
00:33:08.960 --> 00:33:10.280
debate, but I don't even necessarily want to
854
00:33:10.280 --> 00:33:11.660
get into it. But what I think about
855
00:33:11.660 --> 00:33:13.640
is, particularly in the Republican kind of wing
856
00:33:13.640 --> 00:33:15.560
of things, you're going to be looking towards
857
00:33:15.560 --> 00:33:17.720
the older generation kind of for guidance. What
858
00:33:17.720 --> 00:33:19.340
are the people that maybe are your mentors
859
00:33:19.340 --> 00:33:20.940
or that you revere in positions of power
860
00:33:20.940 --> 00:33:22.900
currently within that party or that structure? And
861
00:33:22.900 --> 00:33:25.360
what do they think about it? They don't
862
00:33:25.360 --> 00:33:27.080
necessarily think of it. Bitcoin is still a
863
00:33:27.080 --> 00:33:28.880
young man's game, right? People think about people
864
00:33:28.880 --> 00:33:32.020
probably in our age group, our demographic, like
865
00:33:32.020 --> 00:33:33.420
us. And they're not going to be looking
866
00:33:33.420 --> 00:33:35.180
to us. It's not like they understand the
867
00:33:35.180 --> 00:33:37.840
future of finance and the monetary system. I
868
00:33:37.840 --> 00:33:39.580
got to go, back to the 65 -year
869
00:33:39.580 --> 00:33:41.440
-old banker that I trust. And I think
870
00:33:41.440 --> 00:33:44.000
that is really set in. I just very
871
00:33:44.000 --> 00:33:45.540
quickly on that, I think that's actually, you're
872
00:33:45.540 --> 00:33:48.080
hitting on something really important there, Nathan, which
873
00:33:48.080 --> 00:33:50.140
is this idea that like the quote, you
874
00:33:50.140 --> 00:33:51.780
know, the Republican Party, like, we're the party
875
00:33:51.780 --> 00:33:53.320
of law and order. And I heard that
876
00:33:53.320 --> 00:33:56.680
Bitcoin, like, is used by criminals. Like, strangely,
877
00:33:56.680 --> 00:33:59.460
like both parties sort of agree, at least
878
00:33:59.460 --> 00:34:02.860
at certain levels of that, probably closer to
879
00:34:02.860 --> 00:34:04.880
the center than at the extremes. Because at
880
00:34:04.880 --> 00:34:06.560
the extreme of either party, like if you
881
00:34:06.560 --> 00:34:08.520
are, you know, if you're a right. wing
882
00:34:08.520 --> 00:34:11.920
extremist or a left wing extremist, you probably
883
00:34:11.920 --> 00:34:14.960
need to be using Bitcoin. Like, that's who
884
00:34:14.960 --> 00:34:16.540
Bitcoin is built for. It's built for the
885
00:34:16.540 --> 00:34:19.300
people who are extreme and need to have
886
00:34:19.300 --> 00:34:23.220
extreme ways of getting around the fiat system.
887
00:34:23.220 --> 00:34:25.200
But if you're kind of just like drifting
888
00:34:25.200 --> 00:34:27.640
around the center, I think there's this idea
889
00:34:27.640 --> 00:34:29.800
on the Republican side. And this is obviously
890
00:34:29.800 --> 00:34:32.580
not like a rule. And there's, you know,
891
00:34:32.580 --> 00:34:36.240
I think it's very obvious that like, again,
892
00:34:36.240 --> 00:34:39.060
the Republican Party has been way, way, way
893
00:34:39.060 --> 00:34:42.240
better about Bitcoin than the Democrats. Like, it's
894
00:34:42.240 --> 00:34:45.380
not even close. It's not even fucking close.
895
00:34:45.380 --> 00:34:50.220
Like, literally, you cannot even compare the two.
896
00:34:50.220 --> 00:34:52.480
But in terms of individuals, like this, that's
897
00:34:52.480 --> 00:34:54.980
the administration, in terms of individuals, I think
898
00:34:54.980 --> 00:34:56.980
they're still just like, like, that's your boomer
899
00:34:56.980 --> 00:34:59.000
uncle Jim. It was like, hmm, I can't
900
00:34:59.000 --> 00:35:00.440
touch it. And like, I just, I heard
901
00:35:00.440 --> 00:35:03.760
it's used for, you know, buying mushrooms on
902
00:35:03.760 --> 00:35:05.400
the, on the dark webs and stuff. And
903
00:35:05.400 --> 00:35:08.040
it's like, sure is. But it could, but
904
00:35:08.040 --> 00:35:10.100
boomer Uncle Jim, when you post that meme
905
00:35:10.100 --> 00:35:12.540
that your Karen friend from high school reports
906
00:35:12.540 --> 00:35:14.220
you for, you know, that it was a
907
00:35:14.220 --> 00:35:15.620
little bit, you know, she reports you to
908
00:35:15.620 --> 00:35:18.340
your, your company and says, you know, you
909
00:35:18.340 --> 00:35:20.240
need to fire Boomer Uncle Jim, like, you
910
00:35:20.240 --> 00:35:21.980
might, you know, you might start to want
911
00:35:21.980 --> 00:35:24.140
Bitcoin once you get debanked. That's the thing.
912
00:35:24.140 --> 00:35:25.540
I think it's like there's two different sides
913
00:35:25.540 --> 00:35:27.020
to adoption. There's the push and there's the
914
00:35:27.020 --> 00:35:30.060
pull. On the pole side is people, people
915
00:35:30.060 --> 00:35:31.760
like us who got pulled towards it because
916
00:35:31.760 --> 00:35:33.560
we saw what its properties were. We saw
917
00:35:33.560 --> 00:35:36.120
what Bitcoin could enable. Not even that we
918
00:35:36.120 --> 00:35:39.380
needed it desperately at the moment at which
919
00:35:39.380 --> 00:35:41.360
we adopted it, but that we saw that
920
00:35:41.360 --> 00:35:43.700
people around the world in situations far worse
921
00:35:43.700 --> 00:35:45.620
than we were fortunate enough to be in
922
00:35:45.620 --> 00:35:48.720
needed it very badly. You know, you read
923
00:35:48.720 --> 00:35:50.260
the stories, like I remember reading the story
924
00:35:50.260 --> 00:35:53.080
of like Roya Moboob, that Alex Gladstein has
925
00:35:53.080 --> 00:35:54.960
done a great job. I mean, that's like
926
00:35:54.960 --> 00:35:57.280
one of the most incredible stories. And for
927
00:35:57.280 --> 00:35:58.460
those who aren't familiar, you should go check
928
00:35:58.460 --> 00:35:59.660
out and I even made a movie about
929
00:35:59.660 --> 00:36:02.340
her. Like, I wasn't in that situation, right?
930
00:36:02.340 --> 00:36:05.140
I'm a, you know, I'm a red -blooded
931
00:36:05.140 --> 00:36:06.900
six -foot -three blue, you know, blonde hair,
932
00:36:06.900 --> 00:36:08.260
blue -eyed American. man who grew up in
933
00:36:08.260 --> 00:36:09.880
the Midwest. Like, I don't have the same
934
00:36:09.880 --> 00:36:13.340
problem she had growing up, right? But we
935
00:36:13.340 --> 00:36:15.860
were pulled towards it because it attracted us.
936
00:36:15.860 --> 00:36:17.080
What it could do for us attracts us,
937
00:36:17.080 --> 00:36:17.960
but what it could also do for the
938
00:36:17.960 --> 00:36:20.260
world attracted us. But then there's the push
939
00:36:20.260 --> 00:36:24.040
side. The push side takes longer. The pull
940
00:36:24.040 --> 00:36:25.480
side, let me put it this way, the
941
00:36:25.480 --> 00:36:28.920
pull side is voluntary. That's saying, this is
942
00:36:28.920 --> 00:36:30.940
a thing I don't necessarily desperately need. It's
943
00:36:30.940 --> 00:36:32.620
not a matter of life and death. It's
944
00:36:32.620 --> 00:36:34.820
not a matter of livelihood. But you know
945
00:36:34.820 --> 00:36:36.200
what? I'm sick of being in blood dry
946
00:36:36.200 --> 00:36:38.060
by inflation. I'm sick of being screwed. I
947
00:36:38.060 --> 00:36:42.080
want to put my hard -earned money into
948
00:36:42.080 --> 00:36:46.400
real money. The push side is not voluntary.
949
00:36:46.400 --> 00:36:48.760
The push side is, I need this thing
950
00:36:48.760 --> 00:36:52.100
right now, or I cannot continue to live
951
00:36:52.100 --> 00:36:53.640
in the way that I do, or I
952
00:36:53.640 --> 00:36:55.500
cannot cannot continue to be free. I cannot
953
00:36:55.500 --> 00:36:59.340
continue to, to, you know, pay, pay girls
954
00:36:59.340 --> 00:37:01.980
for, for coding in the Middle East because
955
00:37:01.980 --> 00:37:04.540
they, you know, have their bank accounts controlled
956
00:37:04.540 --> 00:37:07.020
by their fathers or their uncles or whomever
957
00:37:07.020 --> 00:37:10.180
else, like, you want to be somebody who
958
00:37:10.180 --> 00:37:12.840
adopts Bitcoin because you were pulled towards it,
959
00:37:12.840 --> 00:37:15.340
not because you were pushed. But unfortunately, I
960
00:37:15.340 --> 00:37:16.700
think that the majority of the world will
961
00:37:16.700 --> 00:37:19.300
only adopt Bitcoin after the push, if that
962
00:37:19.300 --> 00:37:22.240
makes sense. Yeah. Yeah, I think that's totally
963
00:37:22.240 --> 00:37:26.560
fair. Yeah, I mean, people gravitate towards Bitcoin
964
00:37:26.560 --> 00:37:28.960
for different reasons. All of us just happen
965
00:37:28.960 --> 00:37:33.920
to be crazy. Super high IQ, super high
966
00:37:33.920 --> 00:37:36.540
IQ, super high T. An extremist, right? Like,
967
00:37:36.540 --> 00:37:36.700
I'm, I'm, I'm, I'm, I'm not. I'm, I'm,
968
00:37:36.700 --> 00:37:38.080
I'm, I'm an anarchist and happened for a
969
00:37:38.080 --> 00:37:39.760
long time. That's not like a Republican position.
970
00:37:39.760 --> 00:37:41.000
But except for your free market thoughts about,
971
00:37:41.000 --> 00:37:44.060
you know, only having two companies with the
972
00:37:44.060 --> 00:37:46.260
same product is too many. Too many for
973
00:37:46.260 --> 00:37:49.660
Nathan. No, no, no. Speaking of outright scams
974
00:37:49.660 --> 00:37:50.940
on the other side of the break, we're
975
00:37:50.940 --> 00:37:55.340
going to be talking about Hax. Love you,
976
00:37:55.340 --> 00:37:59.920
Nathan. That's coming up. No, Hex founder, Mr.
977
00:37:59.920 --> 00:38:03.640
Richard Hart has been arrested. Why? I don't,
978
00:38:03.640 --> 00:38:06.720
I mean, I can only imagine that the,
979
00:38:06.720 --> 00:38:10.140
The jury will, they must favor him as
980
00:38:10.140 --> 00:38:13.180
they parade around pictures of him, head to
981
00:38:13.180 --> 00:38:17.380
toe in Prada, carry 17 ,000 shopping bags
982
00:38:17.380 --> 00:38:19.100
with all of his victims' money. It's going
983
00:38:19.100 --> 00:38:20.840
to be great. So we're going to talk
984
00:38:20.840 --> 00:38:22.200
about that on the other side of the
985
00:38:22.200 --> 00:38:23.560
hop. We're also going to talk about the
986
00:38:23.560 --> 00:38:28.660
continued developing story in and around ledger devices
987
00:38:28.660 --> 00:38:33.960
and the supply chain attacks. Also updates in
988
00:38:33.960 --> 00:38:35.740
and around Trezor because I've seen some stuff
989
00:38:35.740 --> 00:38:38.140
be posted, both from the Treasor team and
990
00:38:38.140 --> 00:38:40.800
then people talking about, oh, there's a compromise
991
00:38:40.800 --> 00:38:43.360
and then some other stuff following that. We'll
992
00:38:43.360 --> 00:38:45.200
get into the details there because there's a
993
00:38:45.200 --> 00:38:48.340
lot to unpack. So, anybody, thank you guys
994
00:38:48.340 --> 00:38:50.220
for being here. Make sure you drop a
995
00:38:50.220 --> 00:38:51.900
like, give a share. Throw those chairs in
996
00:38:51.900 --> 00:38:53.720
the chat, and we'll be back in just
997
00:38:53.720 --> 00:38:56.660
a moment. You already know that you can't
998
00:38:56.660 --> 00:38:57.980
leave your seed phrase on paper. It needs
999
00:38:57.980 --> 00:38:59.260
to be on metal. What you might not
1000
00:38:59.260 --> 00:39:00.520
know is that more Bitcoin has actually been
1001
00:39:00.520 --> 00:39:02.500
lost and been stolen. More than 10 times
1002
00:39:02.500 --> 00:39:04.260
the amount ever hacked gone because someone lost
1003
00:39:04.260 --> 00:39:06.260
their keys. Your biggest risk isn't some shadowy
1004
00:39:06.260 --> 00:39:08.380
supercoder. it's time in the elements. That's why
1005
00:39:08.380 --> 00:39:11.340
Stampseed uses titanium. Titanium never rusts. Doesn't matter
1006
00:39:11.340 --> 00:39:12.400
if it's a raging house fire at the
1007
00:39:12.400 --> 00:39:13.380
bottom of the ocean or sitting in a
1008
00:39:13.380 --> 00:39:15.500
desk drawer for 50 years, titanium doesn't care.
1009
00:39:15.500 --> 00:39:16.980
One salt piece, nothing to come apart that
1010
00:39:16.980 --> 00:39:18.700
you hammer in. Buy the stamp seed kit
1011
00:39:18.700 --> 00:39:19.620
and as your set up evolves, you just
1012
00:39:19.620 --> 00:39:21.380
grab more plates. Stamp it once and never
1013
00:39:21.380 --> 00:39:23.000
worry about your backup again. And for the
1014
00:39:23.000 --> 00:39:25.120
advanced users, there's the clear code set. Every
1015
00:39:25.120 --> 00:39:26.880
letter, number, and symbol of your full keyboard,
1016
00:39:26.880 --> 00:39:29.360
no two characters alike, your passphrase, your descriptor,
1017
00:39:29.360 --> 00:39:30.840
backed up on titanium. This is what I
1018
00:39:30.840 --> 00:39:32.720
personally use and have for years. So stop
1019
00:39:32.720 --> 00:39:34.880
leaving yourself exposed. They're giving you 15 %
1020
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off with promo code Bitcast so that you
1021
00:39:36.540 --> 00:39:38.320
finally get this done today. Click the link
1022
00:39:38.320 --> 00:39:39.680
in the description down below or scan the
1023
00:39:39.680 --> 00:39:41.880
QR code on the screen. When it comes
1024
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to peer -to -peer trading and lending, instant
1025
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sign up with just an email address, and
1028
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1030
00:39:54.380 --> 00:39:57.020
or whether you're looking to lend or borrow.
1031
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You can check them out today at the
1032
00:39:58.300 --> 00:40:01.500
links down below. Bitcoin well. You know them,
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you love them, longtime supporter of the channel,
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and one of the easiest places to buy
1035
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Bitcoin directly to your wallet in the U
1036
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.S. in Canada, but that's not all they
1037
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big purchase, there is Bitcoin Well Infinite. Because
1039
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1040
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making sure you don't leave a giant mess
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for your family. Taxes, estate planning, even mining
1042
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and lending. Bitcoin Well Infinite pairs you with
1043
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your own dedicated advisor to help you every
1044
00:40:21.140 --> 00:40:23.240
step of the way. And for the Americans,
1045
00:40:23.240 --> 00:40:25.180
they're launching their own Bitcoin IRA and the
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waitlist is open. Verifiable and on -chain. So
1047
00:40:27.680 --> 00:40:30.400
sign up today, visit Bitcoinwell .com Orr -BTC
1048
00:40:30.400 --> 00:40:31.900
sessions or scan the QR code on the
1049
00:40:31.900 --> 00:40:35.840
screen. All right, here we are. Damn, that's
1050
00:40:35.840 --> 00:40:39.420
speed run. impressive. Let's get into this. I
1051
00:40:39.420 --> 00:40:41.220
pack a lot of information for a short
1052
00:40:41.220 --> 00:40:44.900
time, right? It's impossible. I swear that's three
1053
00:40:44.900 --> 00:40:48.560
-xed. All right. Hax founder, Richard Hart, arrested
1054
00:40:48.560 --> 00:40:53.860
in Istanbul, $600 ,000 in cash and arsenal
1055
00:40:53.860 --> 00:40:58.060
seized. Turkish authorities have reported, reportedly arrested Richard
1056
00:40:58.060 --> 00:41:02.480
Hart, whose real name is Richard James Schuller.
1057
00:41:02.480 --> 00:41:08.680
Sorry, what is his last name? Schueler. Schuller.
1058
00:41:08.680 --> 00:41:11.440
In a joint intelligence and police operation in
1059
00:41:11.440 --> 00:41:14.180
Istanbul, Hart, the founder of Hex, pulse chain,
1060
00:41:14.180 --> 00:41:15.900
pulse X, and a bunch of other bullshit,
1061
00:41:15.900 --> 00:41:19.100
was wanted under Interpol red notice issued at
1062
00:41:19.100 --> 00:41:23.380
Finland's request. Police reportedly detained Hart and his
1063
00:41:23.380 --> 00:41:26.500
wife at a residence in Istanbul's, I'm not
1064
00:41:26.500 --> 00:41:29.100
going to try and say that. District followed,
1065
00:41:29.100 --> 00:41:32.860
following extensive surveillance, authorities seized against 600 grand,
1066
00:41:32.860 --> 00:41:36.820
24 wristwatches, 20 gold bracelet, seven gold necklaces
1067
00:41:36.820 --> 00:41:39.140
and a partridge and a pear tree of
1068
00:41:39.140 --> 00:41:45.100
firearms, 1 ,360 rounds of ammunition, 12 mobile
1069
00:41:45.100 --> 00:41:49.720
phones, six laptops, 20 graphics cards, 14 SSDs,
1070
00:41:49.720 --> 00:41:53.140
and two drones. There's footage of him being
1071
00:41:53.140 --> 00:41:57.120
taken away. I literally, I posted about this.
1072
00:41:57.120 --> 00:41:59.160
I said so much for pompamentals, and then
1073
00:41:59.160 --> 00:42:02.240
some dipshit said thanks for the free advertising
1074
00:42:02.240 --> 00:42:05.920
like this is doing the many paper. Oh,
1075
00:42:05.920 --> 00:42:09.860
my God. This is from a different era.
1076
00:42:09.860 --> 00:42:13.060
Yellow would have been here earlier commenting, and
1077
00:42:13.060 --> 00:42:16.740
he was like, man, Richard Hart gone, Bitboy
1078
00:42:16.740 --> 00:42:19.560
gone, all of these things, all these bygone
1079
00:42:19.560 --> 00:42:24.120
eras. And it's, you know, it's, I don't
1080
00:42:24.120 --> 00:42:25.540
know. Is it sad? Are you going to
1081
00:42:25.540 --> 00:42:28.520
say it sad? Who are the dumbest holders?
1082
00:42:28.520 --> 00:42:31.760
Hex, XRP, or Blake 2B? HX is tough
1083
00:42:31.760 --> 00:42:33.960
because I think the high on XB. No,
1084
00:42:33.960 --> 00:42:36.400
Blake 2B should know better. But by far.
1085
00:42:36.400 --> 00:42:39.520
Yes, okay, no fair. You should know better.
1086
00:42:39.520 --> 00:42:41.300
XRP we always know was retarded. They do
1087
00:42:41.300 --> 00:42:43.360
the same marketing strategy at the time. The
1088
00:42:43.360 --> 00:42:46.320
hex guys went from like, was it 30,
1089
00:42:46.320 --> 00:42:49.040
40 cents a token to like a tenth
1090
00:42:49.040 --> 00:42:51.280
of a cent. That's before this guy got
1091
00:42:51.280 --> 00:42:54.980
picked up. Yeah, they're still tweeting at you,
1092
00:42:54.980 --> 00:42:56.320
Ben. Thanks for the free. What's the hex
1093
00:42:56.320 --> 00:42:57.760
chart look like right now? I literally have
1094
00:42:57.760 --> 00:43:00.020
no idea what. I'll find it. Everything dumps
1095
00:43:00.020 --> 00:43:03.580
30 to 40 % almost immediately. But hex
1096
00:43:03.580 --> 00:43:05.820
is one of the worst ones. Because, and
1097
00:43:05.820 --> 00:43:07.180
this comes from, so this man was a
1098
00:43:07.180 --> 00:43:10.120
brilliant, like, it was a king of spam.
1099
00:43:10.120 --> 00:43:11.380
He's a, he used to be a Bitcoin
1100
00:43:11.380 --> 00:43:13.100
or two. He's a smart guy, but he's
1101
00:43:13.100 --> 00:43:16.180
a psychopath and scammer. And he used to
1102
00:43:16.180 --> 00:43:17.440
be, like, I think he was one of
1103
00:43:17.440 --> 00:43:20.160
the, like, the big email scammers, spammers of
1104
00:43:20.160 --> 00:43:22.280
in history as well, too. And so what
1105
00:43:22.280 --> 00:43:24.040
always astounded me is that he knows how
1106
00:43:24.040 --> 00:43:25.960
to do, I think, scam emails. Sorry, can
1107
00:43:25.960 --> 00:43:28.380
you explain he's a big email spammer? What
1108
00:43:28.380 --> 00:43:29.440
do you mean by that? Like, what is
1109
00:43:29.440 --> 00:43:29.940
the thing? I believe he used to be
1110
00:43:29.940 --> 00:43:31.540
referred to as the spam king, like one
1111
00:43:31.540 --> 00:43:33.860
of his earlier adventures was spamming emails, like
1112
00:43:33.860 --> 00:43:36.140
sending out, like, million. of emails to people.
1113
00:43:36.140 --> 00:43:37.480
Like, that was his bread and butter before
1114
00:43:37.480 --> 00:43:39.300
he had been gone into legal trouble for
1115
00:43:39.300 --> 00:43:40.920
it, if I'm not mistaken. Just sending junk
1116
00:43:40.920 --> 00:43:42.300
mail. Like, that's what I'm hearing you're here.
1117
00:43:42.300 --> 00:43:44.540
He's a junk mail guy. Yeah. Okay. And
1118
00:43:44.540 --> 00:43:46.420
with that, you can think of like the
1119
00:43:46.420 --> 00:43:49.420
example of like the Nigerian prints. And you
1120
00:43:49.420 --> 00:43:50.500
can, you see these every now and then.
1121
00:43:50.500 --> 00:43:51.480
You get an email from somebody. It's got
1122
00:43:51.480 --> 00:43:53.840
spelling mistakes. It's obviously a scam, right? You
1123
00:43:53.840 --> 00:43:55.260
think like, wow, how dumb are they that
1124
00:43:55.260 --> 00:43:56.660
they can't even vibe up like a proper
1125
00:43:56.660 --> 00:43:59.140
email? No, no, no, no. That's the point.
1126
00:43:59.140 --> 00:44:01.380
The point is to filter through anybody who
1127
00:44:01.380 --> 00:44:03.280
could actually pick up that this is a
1128
00:44:03.280 --> 00:44:05.280
scam. And Richard Hart was the same fucking
1129
00:44:05.280 --> 00:44:07.620
thing with his giant stupid suit with his
1130
00:44:07.620 --> 00:44:09.280
like what was it was go Gucci like
1131
00:44:09.280 --> 00:44:12.960
complete track suit on all his bags the
1132
00:44:12.960 --> 00:44:15.200
wristwatch thing that he had behind him always
1133
00:44:15.200 --> 00:44:18.320
rotating the watches all of that was to
1134
00:44:18.320 --> 00:44:21.320
filter through anybody with an IQ north of
1135
00:44:21.320 --> 00:44:23.620
room temperature that would go this guy is
1136
00:44:23.620 --> 00:44:26.300
obviously full of shit and so that that
1137
00:44:26.300 --> 00:44:29.380
hex would only attract I'm sorry the dumbest
1138
00:44:29.380 --> 00:44:31.400
of the dumb on the left fucking curve
1139
00:44:31.400 --> 00:44:33.460
to think that this man was somebody to
1140
00:44:33.460 --> 00:44:36.460
follow and idolize and is clearly not just
1141
00:44:36.460 --> 00:44:41.080
flaunting perceived, even just like shitty signals of
1142
00:44:41.080 --> 00:44:43.460
wealth to convince you that you too can
1143
00:44:43.460 --> 00:44:45.000
have a dumbass track suit and a lot
1144
00:44:45.000 --> 00:44:47.720
of money if you buy his dumbass coin.
1145
00:44:47.720 --> 00:44:51.420
Yeah. Yeah. I mean, this looks like cranked
1146
00:44:51.420 --> 00:44:53.180
that era Soldier Boy. That's the only other
1147
00:44:53.180 --> 00:44:54.440
guy I've ever seen where like the full
1148
00:44:54.440 --> 00:44:58.860
Gucci track suit. That's like 2007 probably maybe.
1149
00:44:58.860 --> 00:45:02.640
Dude, when this guy came onto the scene,
1150
00:45:02.640 --> 00:45:05.000
so this would have been the, the, kind
1151
00:45:05.000 --> 00:45:07.780
of 20, I'm going to say the 2016,
1152
00:45:07.780 --> 00:45:11.740
2017 era, when he first started coming into
1153
00:45:11.740 --> 00:45:14.600
the Bitcoin space. And actually, back in the
1154
00:45:14.600 --> 00:45:19.140
day, Vortex was doing his show, Tone vase.
1155
00:45:19.140 --> 00:45:21.680
They were all, that group was all doing,
1156
00:45:21.680 --> 00:45:24.740
doing their thing. And he kind of got
1157
00:45:24.740 --> 00:45:27.900
brought into the fold at the early days
1158
00:45:27.900 --> 00:45:30.480
of Bitcoin maximalism, like going into that next
1159
00:45:30.480 --> 00:45:33.580
bear market. And he was all raw, raw
1160
00:45:33.580 --> 00:45:37.000
Bitcoin Maxi. I honestly think that it was
1161
00:45:37.000 --> 00:45:41.360
just a social engineering ploy to get, to
1162
00:45:41.360 --> 00:45:45.600
get, to get, um, pacing then following, pacing,
1163
00:45:45.600 --> 00:45:48.200
facing and leading, right? And the thing is,
1164
00:45:48.200 --> 00:45:51.440
he actually, he was watching the cycles through
1165
00:45:51.440 --> 00:45:54.120
2017 and he was levering up every time
1166
00:45:54.120 --> 00:45:56.220
there was like a 30, 40 % pullback
1167
00:45:56.220 --> 00:45:57.500
and everything. And he thought it was going
1168
00:45:57.500 --> 00:45:59.060
to keep on going. So he kept on
1169
00:45:59.060 --> 00:46:01.100
doing that. And he got his fucking ass
1170
00:46:01.100 --> 00:46:03.680
handed to him as soon as the bear
1171
00:46:03.680 --> 00:46:06.220
market hit. Because he doubled down and did
1172
00:46:06.220 --> 00:46:08.560
it again. He got destroyed. And there's actually
1173
00:46:08.560 --> 00:46:10.860
clips of him afterwards where he's like, I
1174
00:46:10.860 --> 00:46:13.700
lost a lot of fucking money. And I
1175
00:46:13.700 --> 00:46:17.020
think he got angry. And he was like,
1176
00:46:17.020 --> 00:46:19.180
you know what? Fucking back to the old
1177
00:46:19.180 --> 00:46:22.020
ways, I'm going to. And then he started,
1178
00:46:22.020 --> 00:46:24.340
he started talking about Eath. He started talking
1179
00:46:24.340 --> 00:46:28.400
about tokens. He started talking about pompamentals and
1180
00:46:28.400 --> 00:46:31.240
all this shit. And he started rolling out
1181
00:46:31.240 --> 00:46:32.820
the tokens. And everybody's like, what the fuck
1182
00:46:32.820 --> 00:46:34.960
are you doing, man? Crazy. And it was
1183
00:46:34.960 --> 00:46:37.500
just like a complete about face. He lost
1184
00:46:37.500 --> 00:46:39.440
his ass. And then he was like, I'm
1185
00:46:39.440 --> 00:46:40.960
going to make it back. And he did
1186
00:46:40.960 --> 00:46:44.480
many times over, but now he's in fucking
1187
00:46:44.480 --> 00:46:46.620
handcuffs. So here we are. Have you guys
1188
00:46:46.620 --> 00:46:51.740
seen the video of pizza pasta, Jacamozuko? I
1189
00:46:51.740 --> 00:46:54.960
can call him that. He lets me. But
1190
00:46:54.960 --> 00:46:56.280
have you seen the video of him when
1191
00:46:56.280 --> 00:46:59.000
he went on Richard Hart's show? Yes. He
1192
00:46:59.000 --> 00:47:01.200
went on Richard Hart's. They debated. I'm trying
1193
00:47:01.200 --> 00:47:03.100
to remember. It's one of the most incredible
1194
00:47:03.100 --> 00:47:06.380
pieces of performance. performance. Bigwin -Naxon's performance art
1195
00:47:06.380 --> 00:47:08.200
I've ever seen in my life. What, this
1196
00:47:08.200 --> 00:47:10.120
fucking guy. Can we play the clip of
1197
00:47:10.120 --> 00:47:13.920
Giacomo? Where's Jocomo? It's a long, like, yeah,
1198
00:47:13.920 --> 00:47:15.680
it's a long, I know I've posted it,
1199
00:47:15.680 --> 00:47:17.300
because once Jocomo, we were at a conference
1200
00:47:17.300 --> 00:47:19.660
and he was like, Hey, hey, Locker, I
1201
00:47:19.660 --> 00:47:21.200
used to, I went on the reach of
1202
00:47:21.200 --> 00:47:23.100
the heart to show. No, he doesn't actually
1203
00:47:23.100 --> 00:47:25.200
talk like that. He speaks very, very good
1204
00:47:25.200 --> 00:47:27.660
English. Yeah, but he does drink cappuccinos in
1205
00:47:27.660 --> 00:47:29.880
the afternoon. I've seen him. So that's why
1206
00:47:29.880 --> 00:47:31.880
he's not allowed to be Italian anymore. But
1207
00:47:31.880 --> 00:47:33.980
the point is, like, he, I, like, I,
1208
00:47:33.980 --> 00:47:33.980
you know, I, you know, I, you know,
1209
00:47:33.980 --> 00:47:36.280
I, I, he, long story short, you guys
1210
00:47:36.280 --> 00:47:38.060
should go and find this, just like, search
1211
00:47:38.060 --> 00:47:41.740
Jok -Mazuko, Richard Hart, it'll come up. He
1212
00:47:41.740 --> 00:47:44.800
basically, like, he just performance arts, Richard Hart,
1213
00:47:44.800 --> 00:47:46.440
and trolls him so hard from the beginning,
1214
00:47:46.440 --> 00:47:47.680
where he's like, Richard, I think you're absolutely
1215
00:47:47.680 --> 00:47:50.220
right. Like, you know, this is, you know,
1216
00:47:50.220 --> 00:47:51.580
like, just, he's, like, going into, like, and
1217
00:47:51.580 --> 00:47:52.820
I think what you built is really great,
1218
00:47:52.820 --> 00:47:56.640
and that's why I'm launching, like, Zux. And
1219
00:47:56.640 --> 00:47:58.920
the whole time, he's, like, removing, like, layers
1220
00:47:58.920 --> 00:48:01.200
of clothing, and then it was covering, like,
1221
00:48:01.200 --> 00:48:02.340
behind him. He had this, like, sign for
1222
00:48:02.340 --> 00:48:05.000
Zuxpugs behind him. But behind the behind the
1223
00:48:05.000 --> 00:48:07.500
scenes thing, he was like deathly ill at
1224
00:48:07.500 --> 00:48:08.920
this time too, but he was like, I
1225
00:48:08.920 --> 00:48:11.260
gotta, you know, his wife's like, you shouldn't
1226
00:48:11.260 --> 00:48:12.680
do this right now. Like, you're really, really
1227
00:48:12.680 --> 00:48:14.600
sick. Like, you're, he's like, I gotta do
1228
00:48:14.600 --> 00:48:17.640
it. I gotta do it. So it's incredible.
1229
00:48:17.640 --> 00:48:18.900
Yeah. And like, and like, and at the
1230
00:48:18.900 --> 00:48:21.640
end of it, like, uh, Giacomo's connection, like,
1231
00:48:21.640 --> 00:48:23.920
yeah. Oh, my God, it's, no, it's so
1232
00:48:23.920 --> 00:48:26.500
good. It's so good. Because Jocamo just plays
1233
00:48:26.500 --> 00:48:28.960
it very, like, straight. He plays it straight.
1234
00:48:28.960 --> 00:48:30.560
And Richard's, and he's, and he's like, brings
1235
00:48:30.560 --> 00:48:32.780
Richard in very much. Richard's like, totally taken
1236
00:48:32.780 --> 00:48:34.320
in by it. And then at the end,
1237
00:48:34.320 --> 00:48:35.280
he's like, oh, like, why don't I keep
1238
00:48:35.280 --> 00:48:37.780
getting, like, performance -arded by these Bitcoin guys?
1239
00:48:37.780 --> 00:48:40.160
Like, it's just, it's a beautiful thing. So,
1240
00:48:40.160 --> 00:48:43.760
yeah, uh, Giacomo has a Zucks Bucks t
1241
00:48:43.760 --> 00:48:46.020
-shirt on underneath his sweatshirt and a sign
1242
00:48:46.020 --> 00:48:47.340
behind him. And it's just incredible, I don't
1243
00:48:47.340 --> 00:48:48.620
mean to spoil the ending for you, but
1244
00:48:48.620 --> 00:48:50.420
just in case you can't find it. It's,
1245
00:48:50.420 --> 00:48:52.620
it's incredible stuff. We need more of this.
1246
00:48:52.620 --> 00:48:53.600
We need more of this kind of level
1247
00:48:53.600 --> 00:48:56.260
of trolling. He's disrobing here. Yeah. He can
1248
00:48:56.260 --> 00:48:59.360
see the side. He just keeps moving over
1249
00:48:59.360 --> 00:49:07.220
to the side. It's amazing. Oh, my God.
1250
00:49:07.220 --> 00:49:11.920
Oh, God. That's great. It's great stuff. It's
1251
00:49:11.920 --> 00:49:16.200
great stuff. So good. Shut up to Jocomo.
1252
00:49:16.200 --> 00:49:18.420
He's funny, man. Also, he's the one, he
1253
00:49:18.420 --> 00:49:20.320
has no problem just calling it out, right?
1254
00:49:20.320 --> 00:49:24.460
Like, during the, when Trace Mayor was shilling
1255
00:49:24.460 --> 00:49:29.640
whatever Mimble Wimble. Or something at Tone Bay's
1256
00:49:29.640 --> 00:49:31.820
thing, like to all, to like, Sipodene and
1257
00:49:31.820 --> 00:49:35.660
American Hoddle. they had the scammy awards and
1258
00:49:35.660 --> 00:49:40.620
and jocomo was like literally on stage was
1259
00:49:40.620 --> 00:49:43.700
in front of trace was like the biggest
1260
00:49:43.700 --> 00:49:46.460
fucking scam is coming to a Bitcoin conference
1261
00:49:46.460 --> 00:49:49.200
and trying to shill fucking shit coins to
1262
00:49:49.200 --> 00:49:51.040
everybody in a tent like with it was
1263
00:49:51.040 --> 00:49:52.840
grin right grin coin is that what it
1264
00:49:52.840 --> 00:49:54.800
was called uh yeah it was something to
1265
00:49:54.800 --> 00:49:56.400
do it was one of the privacy coins
1266
00:49:56.400 --> 00:49:58.520
and and for weeks leading up to that
1267
00:49:58.520 --> 00:50:00.960
uh trace was flooding all the privacy on
1268
00:50:00.960 --> 00:50:02.480
bitcoin saying like oh we're going to need
1269
00:50:02.480 --> 00:50:04.980
to and then low keys like 100x guaranteed
1270
00:50:04.980 --> 00:50:07.200
fast note i can't believe someone would publicly
1271
00:50:07.200 --> 00:50:08.720
say one thing and then do something else
1272
00:50:08.720 --> 00:50:12.060
in private that is yeah unbelievable yeah like
1273
00:50:12.060 --> 00:50:14.680
damn joeyr or something like that you know
1274
00:50:14.680 --> 00:50:16.200
like you know you know shout out to
1275
00:50:16.200 --> 00:50:19.120
tone van that is uh unconfiscatable was the
1276
00:50:19.120 --> 00:50:21.700
first bitcoin conference carl and i went to
1277
00:50:21.700 --> 00:50:24.000
and we went there because tone asked us
1278
00:50:24.000 --> 00:50:25.740
to host the scammy awards like we were
1279
00:50:25.740 --> 00:50:29.200
like pretty small pretty small creators at that
1280
00:50:29.200 --> 00:50:30.620
point um and he asked us to come
1281
00:50:30.620 --> 00:50:32.500
do it it was just a blast you
1282
00:50:32.500 --> 00:50:34.280
also took my money in poker so i
1283
00:50:34.280 --> 00:50:36.120
think we're even but you know he's taking
1284
00:50:36.120 --> 00:50:37.920
my money in the last few times i
1285
00:50:37.920 --> 00:50:40.040
played poker with tone has happened to sit
1286
00:50:40.040 --> 00:50:41.180
right next to to me at the table
1287
00:50:41.180 --> 00:50:43.720
both times i'm like this doesn't feel like
1288
00:50:43.720 --> 00:50:47.800
a coincidence never good i'm bad at poker
1289
00:50:47.800 --> 00:50:49.780
and he's very good tone daze by the
1290
00:50:49.780 --> 00:50:52.580
way sneaky like maybe second uh i don't
1291
00:50:52.580 --> 00:50:54.020
know if there's another like great glow up
1292
00:50:54.020 --> 00:50:56.120
in bitcoin but the with his when he
1293
00:50:56.120 --> 00:50:57.620
got that haircut finally got rid of whatever
1294
00:50:57.620 --> 00:50:58.900
the fuck was going on top of his
1295
00:50:58.900 --> 00:51:01.260
head and just he's pretty jacked up now
1296
00:51:01.260 --> 00:51:02.980
too wait hey oh yeah what a surprise
1297
00:51:02.980 --> 00:51:04.720
it's not that you know way overdue just
1298
00:51:04.720 --> 00:51:07.040
everyone should be doing this you know yeah
1299
00:51:07.040 --> 00:51:09.080
yeah 100 % all right gents uh i
1300
00:51:09.080 --> 00:51:10.980
want to get into the ledger stuff uh
1301
00:51:10.980 --> 00:51:13.020
here for a moment so as a reminder
1302
00:51:13.020 --> 00:51:16.260
to everybody uh there's a supply chain attack
1303
00:51:16.260 --> 00:51:21.700
and um authorized resellers of ledger uh initially
1304
00:51:21.700 --> 00:51:23.860
it was just one reseller that they thought
1305
00:51:23.860 --> 00:51:27.520
uh was affected and they had inserted uh
1306
00:51:27.520 --> 00:51:29.580
something that monitors the screen when your seed
1307
00:51:29.580 --> 00:51:32.160
phrase comes up upon creation and has a
1308
00:51:32.160 --> 00:51:35.000
4G module that would blast a message home
1309
00:51:35.000 --> 00:51:36.680
and then hold onto the seeds and wait
1310
00:51:36.680 --> 00:51:38.460
for an opportune time and then begin sweeping
1311
00:51:38.460 --> 00:51:42.040
well it was actually many resellers believe even
1312
00:51:42.040 --> 00:51:44.020
like a big box store out of europe
1313
00:51:44.020 --> 00:51:46.760
like some of their devices were were compromised
1314
00:51:46.760 --> 00:51:50.660
as well um so uh update yesterday here
1315
00:51:50.660 --> 00:51:54.340
ledger's asking resellers and distributors in southeast asia
1316
00:51:54.340 --> 00:51:57.220
and hong kong to suspend sales of ledger
1317
00:51:57.220 --> 00:52:00.600
devices well the investigation's ongoing this includes taking
1318
00:52:00.600 --> 00:52:04.560
products off the shelves. Specifically, the countries are
1319
00:52:04.560 --> 00:52:07.820
Indonesia, Singapore, Thailand, Philippines, Vietnam, Malaysia, and Hong
1320
00:52:07.820 --> 00:52:13.560
Kong. What an absolute mess this is. Yeah,
1321
00:52:13.560 --> 00:52:16.760
implants discovered over a year before this week's
1322
00:52:16.760 --> 00:52:20.840
supply chain attack revelations. Renowned hardware security researcher
1323
00:52:20.840 --> 00:52:24.740
and engineer, computer engineer Joe Grant, also known
1324
00:52:24.740 --> 00:52:27.860
as Kingpin, explains how he was contacted on
1325
00:52:27.860 --> 00:52:30.700
in August of 2025 by a man. man
1326
00:52:30.700 --> 00:52:33.720
in Thailand who had discovered a compromised ledger
1327
00:52:33.720 --> 00:52:36.860
nanoX. The man had purchased a cheap ledger
1328
00:52:36.860 --> 00:52:39.300
online to replace the battery in his existing
1329
00:52:39.300 --> 00:52:41.500
device. When he opened it, he discovered a
1330
00:52:41.500 --> 00:52:47.180
smaller battery, unauthorized circuitry, additional wiring, and an
1331
00:52:47.180 --> 00:52:50.720
antenna. After posting his discovery on Reddit and
1332
00:52:50.720 --> 00:52:53.560
reportedly receiving little interest from local police, he
1333
00:52:53.560 --> 00:52:58.160
contacted Grand to investigate. The discovery came more
1334
00:52:58.160 --> 00:53:00.000
than a year before the ledger supply and
1335
00:53:00.000 --> 00:53:06.460
chain attack became public just recently. Wild. Wild.
1336
00:53:06.460 --> 00:53:09.420
Now, there's further, there's further stuff going on
1337
00:53:09.420 --> 00:53:14.520
here. So, let's first chat Trezer. So Trezer
1338
00:53:14.520 --> 00:53:17.800
has basically said, listen, we're going to preemptively
1339
00:53:17.800 --> 00:53:21.640
do this now. If you're an authorized reseller,
1340
00:53:21.640 --> 00:53:24.040
thank you for working with us up to
1341
00:53:24.040 --> 00:53:27.240
this point. But we don't see any safe
1342
00:53:27.240 --> 00:53:30.000
mechanism to do this right now. So it's
1343
00:53:30.000 --> 00:53:34.740
- Good move. It's done. So in that
1344
00:53:34.740 --> 00:53:39.340
official release from Danny here, they said, let
1345
00:53:39.340 --> 00:53:41.000
me be clear, there's not a single piece
1346
00:53:41.000 --> 00:53:43.060
of evidence that Treasurer devices ever been to
1347
00:53:43.060 --> 00:53:48.240
compromise. Now Joe Grand below, same guy says,
1348
00:53:48.240 --> 00:53:51.480
are you sure? And he posts this, this
1349
00:53:51.480 --> 00:53:56.120
thing, Treasurer wallets also compromised with implants. However,
1350
00:53:56.120 --> 00:53:59.500
there's details about this. This finding is a
1351
00:53:59.500 --> 00:54:02.300
different thing. from the implant reports going around.
1352
00:54:02.300 --> 00:54:04.520
In the devices he looked at, someone replaced
1353
00:54:04.520 --> 00:54:07.140
the MCU itself rather than adding an implant
1354
00:54:07.140 --> 00:54:09.820
to a genuine device. There was an old
1355
00:54:09.820 --> 00:54:13.260
case of tampered Treasur Model 1 and Model
1356
00:54:13.260 --> 00:54:18.220
T Fakes bought from unofficial sellers, which Treasor
1357
00:54:18.220 --> 00:54:21.580
always advises against. We warned about these exact
1358
00:54:21.580 --> 00:54:25.600
fakes on Russian marketplaces back in 2022. Treasor
1359
00:54:25.600 --> 00:54:29.180
Suite checks, namely the entropy check, catch these
1360
00:54:29.180 --> 00:54:32.300
tampered devices during setup. There's no known way
1361
00:54:32.300 --> 00:54:34.420
to use this attack on the current safe
1362
00:54:34.420 --> 00:54:37.740
devices. We also no longer sell the Model
1363
00:54:37.740 --> 00:54:40.920
1 or the Model T. So that's the
1364
00:54:40.920 --> 00:54:44.920
latest I've seen from that. But again, like,
1365
00:54:44.920 --> 00:54:48.100
what a fucking minefield this year has been.
1366
00:54:48.100 --> 00:54:51.540
It really shakes everybody's confidence at this point.
1367
00:54:51.540 --> 00:54:57.080
Like, and, you know, looking at the question
1368
00:54:57.080 --> 00:54:57.520
of, what a fucking minefield this year has
1369
00:54:57.520 --> 00:54:59.900
been. what does one do in an environment
1370
00:54:59.900 --> 00:55:02.640
like this? You know, you're trying to juggle
1371
00:55:02.640 --> 00:55:05.820
two things that are seemingly at total odds.
1372
00:55:05.820 --> 00:55:08.700
One is, is it easy enough that your
1373
00:55:08.700 --> 00:55:12.020
family can access it later? And that is
1374
00:55:12.020 --> 00:55:15.420
very, very different from, is it secure against
1375
00:55:15.420 --> 00:55:21.020
attacks like this? And so, you know, like,
1376
00:55:21.020 --> 00:55:23.620
I'd say in general, for any of these
1377
00:55:23.620 --> 00:55:26.780
hacks so far, a multi -bender multi -sig
1378
00:55:26.780 --> 00:55:28.880
would, save you from that, but what about
1379
00:55:28.880 --> 00:55:31.140
your fucking family afterwards? Like, you know, you've
1380
00:55:31.140 --> 00:55:33.700
got to have some pretty robust instructions and
1381
00:55:33.700 --> 00:55:35.720
a pretty good person on hand to help
1382
00:55:35.720 --> 00:55:40.040
with that. Of course, there's the assisted multi
1383
00:55:40.040 --> 00:55:43.880
-sig setup as well. You know, obviously we've
1384
00:55:43.880 --> 00:55:46.220
got CASA as a sponsor here. There's a
1385
00:55:46.220 --> 00:55:48.660
bunch of other ones out there. There's unchained.
1386
00:55:48.660 --> 00:55:51.440
There's Nunchuk. There's, you know, anchor watch. There's
1387
00:55:51.440 --> 00:55:55.040
people doing very interesting things. But, of course,
1388
00:55:55.040 --> 00:55:57.240
as like, when it comes to single -sig,
1389
00:55:57.240 --> 00:55:59.900
when it comes to stuff like this, there's
1390
00:55:59.900 --> 00:56:02.840
still a degree of complexity. And if you're
1391
00:56:02.840 --> 00:56:08.520
going multi -vender, even assisted, it does involve
1392
00:56:08.520 --> 00:56:13.980
a variety of hardware with very different interfaces,
1393
00:56:13.980 --> 00:56:17.080
which then you've got to know all of
1394
00:56:17.080 --> 00:56:20.360
those interfaces. And it is, it's a tall
1395
00:56:20.360 --> 00:56:22.420
order. This is a tough one to navigate
1396
00:56:22.420 --> 00:56:24.940
right now. And there's a lot of work
1397
00:56:24.940 --> 00:56:27.240
to be done. So I'll, Nathan, maybe I'll.
1398
00:56:27.240 --> 00:56:30.180
It's not sure beats getting trapped in like
1399
00:56:30.180 --> 00:56:31.740
a bail -in or frozen funds in the
1400
00:56:31.740 --> 00:56:34.300
banking system, though. So, right? Like, again, it's
1401
00:56:34.300 --> 00:56:35.780
just like compared to what? So yes, it's
1402
00:56:35.780 --> 00:56:39.320
a tall order. One, self -custody is still
1403
00:56:39.320 --> 00:56:40.380
the way to go, even if your single
1404
00:56:40.380 --> 00:56:42.280
sake, but you should be actively working towards
1405
00:56:42.280 --> 00:56:45.300
improving your skill set, leaving good documentation and
1406
00:56:45.300 --> 00:56:47.680
things for your family. And the other one
1407
00:56:47.680 --> 00:56:48.860
that I was kind of thinking about here
1408
00:56:48.860 --> 00:56:51.020
was this idea. And we have the sat
1409
00:56:51.020 --> 00:56:52.680
market coming back up in November at the
1410
00:56:52.680 --> 00:56:54.860
end of November here, which is, I think,
1411
00:56:54.860 --> 00:56:57.880
rebranding. The importance of having. having a friend
1412
00:56:57.880 --> 00:56:59.880
and community and other training, your spouse, or
1413
00:56:59.880 --> 00:57:01.860
partner, or having a brother in arms in
1414
00:57:01.860 --> 00:57:03.580
this kind of Bitcoin journey. So, like, for
1415
00:57:03.580 --> 00:57:05.340
example, even if I have a, some, at
1416
00:57:05.340 --> 00:57:08.120
least some well -documented information, maybe stashed away,
1417
00:57:08.120 --> 00:57:10.420
even if I don't, my wife can call
1418
00:57:10.420 --> 00:57:12.920
Ben or Joey or Walker. That's why Joey's
1419
00:57:12.920 --> 00:57:14.060
mom asked me to hold one of her
1420
00:57:14.060 --> 00:57:19.200
keys. Thank you, Walker. And so if, if
1421
00:57:19.200 --> 00:57:21.220
it's Joey, I think one of the easiest
1422
00:57:21.220 --> 00:57:22.540
things that you could possibly do, a little
1423
00:57:22.540 --> 00:57:23.660
bit of a call to action is that
1424
00:57:23.660 --> 00:57:25.920
if you don't got any friends in Bitcoin,
1425
00:57:25.920 --> 00:57:28.100
you might need that account to Billabody. Right?
1426
00:57:28.100 --> 00:57:32.460
It might be time to go out to
1427
00:57:32.460 --> 00:57:34.660
a meetup, to make some friends, to have
1428
00:57:34.660 --> 00:57:36.180
one of your brothers learn how to use
1429
00:57:36.180 --> 00:57:38.140
some of these things, right? Like, if you
1430
00:57:38.140 --> 00:57:39.520
have it completely relied on your own, there's
1431
00:57:39.520 --> 00:57:41.980
no documentation, you've gotten elaborate set up, and
1432
00:57:41.980 --> 00:57:43.220
you never go over it with your friends
1433
00:57:43.220 --> 00:57:44.660
or family or wife or don't have somebody
1434
00:57:44.660 --> 00:57:46.120
that is a trusted person that you could
1435
00:57:46.120 --> 00:57:47.740
call on in an emergency to help them
1436
00:57:47.740 --> 00:57:50.620
recover. You're kind of in, you're alone on
1437
00:57:50.620 --> 00:57:51.900
an island. So I think it's worth at
1438
00:57:51.900 --> 00:57:54.280
least thinking about like, okay, even if I
1439
00:57:54.280 --> 00:57:55.860
can't necessarily get the rest of them to
1440
00:57:55.860 --> 00:57:56.860
where they need them to be, is there
1441
00:57:56.860 --> 00:57:58.320
somebody else? else that maybe could help in
1442
00:57:58.320 --> 00:58:02.920
an emergency situation. And to Ben's point, it
1443
00:58:02.920 --> 00:58:05.420
is hard, but it's not nearly as bad
1444
00:58:05.420 --> 00:58:07.560
as you think. There's lots of good educational
1445
00:58:07.560 --> 00:58:09.640
tools out there. And the more you practice
1446
00:58:09.640 --> 00:58:11.680
and play with these devices, the more intuitive,
1447
00:58:11.680 --> 00:58:13.040
each new one comes. I just got a
1448
00:58:13.040 --> 00:58:15.280
bitbox yesterday, right? It's not like I had
1449
00:58:15.280 --> 00:58:16.500
to go through the instructions to set that
1450
00:58:16.500 --> 00:58:17.740
thing up. I play with enough of the
1451
00:58:17.740 --> 00:58:19.100
hardware. It's not a challenge. It's not a
1452
00:58:19.100 --> 00:58:20.280
problem. Take a little second to actually get
1453
00:58:20.280 --> 00:58:22.780
the touchdown. I hate the touch thing on
1454
00:58:22.780 --> 00:58:24.080
that thing. You like it. I like how
1455
00:58:24.080 --> 00:58:25.520
you're both. I like it. I like it.
1456
00:58:25.520 --> 00:58:26.780
I got to give it a chance. It's
1457
00:58:26.780 --> 00:58:28.200
a new interface for me, so I got
1458
00:58:28.200 --> 00:58:29.440
to play around with that and get used
1459
00:58:29.440 --> 00:58:30.960
to it because it definitely wasn't necessarily intuitive
1460
00:58:30.960 --> 00:58:33.040
my first time around. But the point being
1461
00:58:33.040 --> 00:58:35.340
is that as complicated as it is when
1462
00:58:35.340 --> 00:58:36.780
you're staring at the whole thing, like if
1463
00:58:36.780 --> 00:58:38.120
you're never worked on a car and you're
1464
00:58:38.120 --> 00:58:39.560
staring at the engine, like, my God, where
1465
00:58:39.560 --> 00:58:41.020
the hell are you going to start? But
1466
00:58:41.020 --> 00:58:43.020
if you take it's individual components, not actually
1467
00:58:43.020 --> 00:58:44.840
all that complex, you start getting under the
1468
00:58:44.840 --> 00:58:46.200
hood, you start tinkering a bit,! You'll be
1469
00:58:46.200 --> 00:58:48.780
in a great position. I highly recommend, like,
1470
00:58:48.780 --> 00:58:50.980
if you can, there are some more cost
1471
00:58:50.980 --> 00:58:52.480
-effective options for a lot of the models
1472
00:58:52.480 --> 00:58:54.120
that are out there. So, if you got
1473
00:58:54.120 --> 00:58:55.240
the J -plus, you can pick up a
1474
00:58:55.240 --> 00:58:56.680
J -8, it's not that expensive. If you've
1475
00:58:56.680 --> 00:58:58.480
got the Treasor Model 5 or 7, you
1476
00:58:58.480 --> 00:58:59.740
can pick up a Treasor Model 3 of
1477
00:58:59.740 --> 00:59:01.800
the second is like $89 or something. That
1478
00:59:01.800 --> 00:59:04.620
is even worth, I mean, if you're here,
1479
00:59:04.620 --> 00:59:06.360
Bitcoin is your passion. It's also kind of
1480
00:59:06.360 --> 00:59:08.400
like your hobby. It's also a, it's a
1481
00:59:08.400 --> 00:59:10.600
good use of your time and energy. You
1482
00:59:10.600 --> 00:59:12.280
can pick up another hardware device from a
1483
00:59:12.280 --> 00:59:14.380
different vendor, from the same vendor, but a
1484
00:59:14.380 --> 00:59:16.340
cheaper model, and just play with it. Like,
1485
00:59:16.340 --> 00:59:18.260
have one purely for educational purposes and just
1486
00:59:18.260 --> 00:59:20.340
start experimenting with multi -sig and stuff, too.
1487
00:59:20.340 --> 00:59:21.740
Put some funds on there, call it education
1488
00:59:21.740 --> 00:59:23.360
money, right? It doesn't, you don't have to
1489
00:59:23.360 --> 00:59:25.320
play with your stack to learn and practice
1490
00:59:25.320 --> 00:59:27.320
the skills. So I think it's hard, but
1491
00:59:27.320 --> 00:59:29.100
it's not that hard if you put in
1492
00:59:29.100 --> 00:59:30.640
a little bit of time. Joey, maybe what
1493
00:59:30.640 --> 00:59:33.940
are your thoughts? Two things. Also, we'd be
1494
00:59:33.940 --> 00:59:36.220
my accountability, buddy? Yeah, sure, happy to. I
1495
00:59:36.220 --> 00:59:37.980
mean, we get the back chat anyways, so
1496
00:59:37.980 --> 00:59:40.120
whatever. Once our wives get through all the
1497
00:59:40.120 --> 00:59:41.320
stupid shit we say, and maybe they can
1498
00:59:41.320 --> 00:59:43.120
finally make contact with the rest of the
1499
00:59:43.120 --> 00:59:44.660
boys there and get some help. They're going
1500
00:59:44.660 --> 00:59:46.920
to need a lot of tokens to process.
1501
00:59:46.920 --> 00:59:49.340
That's right. Yeah, we got to untangle this.
1502
00:59:49.340 --> 00:59:53.160
If we ever have a bitcast and wives
1503
00:59:53.160 --> 00:59:55.840
retreat, our wives retreat, our wives will. We'll
1504
00:59:55.840 --> 00:59:57.860
hate us all so much. I don't think
1505
00:59:57.860 --> 00:59:59.860
so. I don't think so. They'll get it.
1506
00:59:59.860 --> 01:00:01.320
They'll get it even more than they already
1507
01:00:01.320 --> 01:00:03.360
do. It's more like in a support group.
1508
01:00:03.360 --> 01:00:04.700
They'll probably have a big cry and cuddle
1509
01:00:04.700 --> 01:00:06.480
puddle together. Because we don't do, we hardly
1510
01:00:06.480 --> 01:00:08.700
do any fucking podcast related stuff in the
1511
01:00:08.700 --> 01:00:10.220
back chat anymore. It's, you know, we kind
1512
01:00:10.220 --> 01:00:12.020
of just roll with that other chat with
1513
01:00:12.020 --> 01:00:14.620
for the prep. Anyway, the thing I would
1514
01:00:14.620 --> 01:00:16.240
say, two things really. One is that the
1515
01:00:16.240 --> 01:00:19.220
two problems self custody has right now, they're
1516
01:00:19.220 --> 01:00:20.560
kind of related. But I think for, we'll
1517
01:00:20.560 --> 01:00:22.640
talk in terms like the, maybe not normie,
1518
01:00:22.640 --> 01:00:24.880
but the new bickoyner or someone who's, you
1519
01:00:24.880 --> 01:00:26.780
know, single, single, or came off of a
1520
01:00:26.780 --> 01:00:28.620
cold card or whatever and is wanting to
1521
01:00:28.620 --> 01:00:32.020
stay with self -custody. The problem with something
1522
01:00:32.020 --> 01:00:34.360
like the bail -ins, Nate, is that that
1523
01:00:34.360 --> 01:00:36.680
for most normies is still viewed as an
1524
01:00:36.680 --> 01:00:38.460
edge case. And let's be fair, it is
1525
01:00:38.460 --> 01:00:40.620
an edge case in the sort of specific
1526
01:00:40.620 --> 01:00:42.480
technical term of a bailing. Now, there's other
1527
01:00:42.480 --> 01:00:43.820
reasons why you wouldn't keep your money in
1528
01:00:43.820 --> 01:00:46.600
a bank. For example, you may find yourself
1529
01:00:46.600 --> 01:00:49.140
on the wrong end of reputational risk, apparently,
1530
01:00:49.140 --> 01:00:50.120
if you're in the U .S. or Canada
1531
01:00:50.120 --> 01:00:51.920
and you can't get your money out or
1532
01:00:51.920 --> 01:00:55.420
whatever. That's another story entirely. But, you know,
1533
01:00:55.420 --> 01:00:57.640
the edge cases for things like bail -ins
1534
01:00:57.640 --> 01:00:59.480
and things for your money is truly inaccessible
1535
01:00:59.480 --> 01:01:01.340
to you or truly unusable to you are
1536
01:01:01.340 --> 01:01:05.140
very rare. Meanwhile, the same edge cases that
1537
01:01:05.140 --> 01:01:07.280
we talked about in Bitcoin six months ago
1538
01:01:07.280 --> 01:01:09.300
are now becoming regular occurrences. We're seeing them
1539
01:01:09.300 --> 01:01:11.500
all the time. And so maybe there's some
1540
01:01:11.500 --> 01:01:14.000
confusion around the severity or the impact or
1541
01:01:14.000 --> 01:01:15.920
the sort of breadth and depth of some
1542
01:01:15.920 --> 01:01:17.380
of these things. Like Trezor's a good example
1543
01:01:17.380 --> 01:01:19.140
there. You have this guy, Joe Grand, who's
1544
01:01:19.140 --> 01:01:21.280
reputable in one story. And then on the
1545
01:01:21.280 --> 01:01:23.340
other story is missing some key details and
1546
01:01:23.340 --> 01:01:25.360
spreading what I was. I would call FUD
1547
01:01:25.360 --> 01:01:27.240
and Fear where it's just unnecessary for those
1548
01:01:27.240 --> 01:01:29.880
devices. These are problems that we have to
1549
01:01:29.880 --> 01:01:31.800
deal with in Bitcoin. And I don't think
1550
01:01:31.800 --> 01:01:33.540
any of us have the tools or even
1551
01:01:33.540 --> 01:01:35.500
on Ben's side, their reach to kind of
1552
01:01:35.500 --> 01:01:37.860
get everybody and say, look, there's things that
1553
01:01:37.860 --> 01:01:39.080
are true here, things that are not true
1554
01:01:39.080 --> 01:01:41.200
here. And at the end of the day,
1555
01:01:41.200 --> 01:01:43.200
these are still tail risks, even though they're
1556
01:01:43.200 --> 01:01:45.740
becoming more popular to discuss. That's problem number
1557
01:01:45.740 --> 01:01:48.400
one. Problem number two is that ease of
1558
01:01:48.400 --> 01:01:50.740
use is a continuum that is generally going
1559
01:01:50.740 --> 01:01:52.720
one direction in every facet of life, whether
1560
01:01:52.720 --> 01:01:55.340
it's electronics or banking or driving or anything
1561
01:01:55.340 --> 01:01:57.360
else. It's getting easier and easier and more
1562
01:01:57.360 --> 01:01:59.840
convenient, less hands -on, blah, blah, blah, Bitcoin's
1563
01:01:59.840 --> 01:02:01.780
going the other way. We're going from single
1564
01:02:01.780 --> 01:02:04.060
-sig to multi -sig, to adding devices, to
1565
01:02:04.060 --> 01:02:06.820
adding complexity, to adding vendors, to adding companies.
1566
01:02:06.820 --> 01:02:09.020
Nobody wants to do that. And so the
1567
01:02:09.020 --> 01:02:11.500
question then becomes, how do you convince people
1568
01:02:11.500 --> 01:02:14.020
that that move the wrong direction when everything
1569
01:02:14.020 --> 01:02:15.460
in your life is going this way, faster
1570
01:02:15.460 --> 01:02:16.760
and faster? You've got to go the other
1571
01:02:16.760 --> 01:02:19.060
way for your money. By the way, it's
1572
01:02:19.060 --> 01:02:22.740
harder. By the way, it's costly, but it
1573
01:02:22.740 --> 01:02:25.780
still makes sense. These are difficult things for
1574
01:02:25.780 --> 01:02:27.400
the average person to understand and get a
1575
01:02:27.400 --> 01:02:29.460
hold of because, let's face it, the average
1576
01:02:29.460 --> 01:02:32.140
person is letting their fridge tap into their
1577
01:02:32.140 --> 01:02:34.460
home Wi -Fi for the sake of being
1578
01:02:34.460 --> 01:02:36.120
able to throw Bluey on the phone on
1579
01:02:36.120 --> 01:02:37.980
the fucking screen while their kid is screaming
1580
01:02:37.980 --> 01:02:39.340
in the kitchen. Like, that's what the average
1581
01:02:39.340 --> 01:02:41.380
person is doing. The average person is not
1582
01:02:41.380 --> 01:02:43.900
here in the video, in the chat, on
1583
01:02:43.900 --> 01:02:47.300
Twitter. These are difficult things, man. And I
1584
01:02:47.300 --> 01:02:49.080
think one of the things that I appreciate
1585
01:02:49.080 --> 01:02:52.580
about just Bitcoin, Twitter in general, is that
1586
01:02:52.580 --> 01:02:56.440
during those moments when a lot of people
1587
01:02:56.440 --> 01:02:58.100
are looking at us and saying, you guys
1588
01:02:58.100 --> 01:03:00.120
got this wrong, we have a lot of
1589
01:03:00.120 --> 01:03:04.380
very articulate, eloquent people who are technical experts
1590
01:03:04.380 --> 01:03:06.540
or close to technical experts saying, it's not
1591
01:03:06.540 --> 01:03:07.540
as hard as you think and it's not
1592
01:03:07.540 --> 01:03:10.160
as bad as it looks. And we've done
1593
01:03:10.160 --> 01:03:11.900
a good job with that, but we got
1594
01:03:11.900 --> 01:03:14.860
to keep hammering at home because the speed
1595
01:03:14.860 --> 01:03:17.000
at which everything is getting easier is going
1596
01:03:17.000 --> 01:03:20.660
to look very, very stark in contrast to
1597
01:03:20.660 --> 01:03:22.380
what we're asking people to do on self
1598
01:03:22.380 --> 01:03:26.000
-custody. Difficult, but important all the same. I
1599
01:03:26.000 --> 01:03:28.500
just wanted to tap into what you're saying
1600
01:03:28.500 --> 01:03:31.900
how, yeah, it's, you know, we're having to
1601
01:03:31.900 --> 01:03:35.840
level up and navigate all this bullshit. And
1602
01:03:35.840 --> 01:03:38.660
in the interim, that's hard. It does make
1603
01:03:38.660 --> 01:03:40.620
it, it will be easier in the long
1604
01:03:40.620 --> 01:03:43.360
term, right? These things will get more usable
1605
01:03:43.360 --> 01:03:47.700
and simpler. Again, you look at, for instance,
1606
01:03:47.700 --> 01:03:49.300
like Bitkey and the way. that they've designed
1607
01:03:49.300 --> 01:03:53.520
something. It's meant for that purpose. Now, yeah,
1608
01:03:53.520 --> 01:03:55.320
there's vendor lock -in, stuff like that. There's
1609
01:03:55.320 --> 01:04:02.660
considerations, nonetheless, just conceptually. I think it's the
1610
01:04:02.660 --> 01:04:05.780
same reason that people don't just migrate to
1611
01:04:05.780 --> 01:04:11.580
Bitcoin. One, they don't understand, but two, uh,
1612
01:04:11.580 --> 01:04:15.640
fiat is, at least in, in most Western
1613
01:04:15.640 --> 01:04:18.400
countries, it is, it is, it is, it
1614
01:04:18.400 --> 01:04:20.660
is, it is, stable to the downside. It's
1615
01:04:20.660 --> 01:04:24.840
a smooth ride to zero, but it's smooth.
1616
01:04:24.840 --> 01:04:28.640
Bitcoin is a bumpy ride up, and people
1617
01:04:28.640 --> 01:04:31.200
don't like bumps. And so it's the same
1618
01:04:31.200 --> 01:04:34.300
kind of thing. I'll do the easy thing,
1619
01:04:34.300 --> 01:04:35.920
and then I don't have to worry about
1620
01:04:35.920 --> 01:04:37.520
all the bumps along the way. So I
1621
01:04:37.520 --> 01:04:39.880
think that's just kind of it, and it's
1622
01:04:39.880 --> 01:04:42.720
going to take some time. Locker. I do,
1623
01:04:42.720 --> 01:04:45.200
I have a follow -up point on this.
1624
01:04:45.200 --> 01:04:49.960
Self -custody has undeniably gotten. easier right like
1625
01:04:49.960 --> 01:04:52.060
it is now i'm not to joey's point
1626
01:04:52.060 --> 01:04:56.120
that's not to say it's easy for everyone
1627
01:04:56.120 --> 01:04:59.120
but it is getting easier i don't actually
1628
01:04:59.120 --> 01:05:02.140
think self custody is for everyone right like
1629
01:05:02.140 --> 01:05:05.580
that's and that's okay yeah but furthermore i
1630
01:05:05.580 --> 01:05:09.100
think the uh what i wanted to get
1631
01:05:09.100 --> 01:05:11.800
here was that i think actually self -custody
1632
01:05:11.800 --> 01:05:14.820
adoption is a function of number go up
1633
01:05:14.820 --> 01:05:16.700
and i'll tell you what i mean here
1634
01:05:16.700 --> 01:05:20.260
i think that self -custody goes up with
1635
01:05:20.260 --> 01:05:22.900
number go up because as you like if
1636
01:05:22.900 --> 01:05:25.720
you are just getting into bitcoin you don't
1637
01:05:25.720 --> 01:05:27.540
have any incentive to a shit about self
1638
01:05:27.540 --> 01:05:29.960
-custody you just bought 50 bucks at bitcoin
1639
01:05:29.960 --> 01:05:31.620
you're not obviously you're not going to buy
1640
01:05:31.620 --> 01:05:34.000
a hundred two hundred dollar hardware wall there
1641
01:05:34.000 --> 01:05:36.500
that'd be stupid right even if you've got
1642
01:05:36.500 --> 01:05:39.420
a thousand right right like but if then
1643
01:05:39.420 --> 01:05:41.560
you know you buy that thousand dollars worth
1644
01:05:41.560 --> 01:05:43.740
of bitcoin and then all of all of
1645
01:05:43.740 --> 01:05:45.140
a sudden like you know four years later
1646
01:05:45.140 --> 01:05:48.100
you're checking of shit that's damn man's 10
1647
01:05:48.100 --> 01:05:49.860
000 I was checking another four years that
1648
01:05:49.860 --> 01:05:52.440
off shit that's 100 ,000 bucks another four
1649
01:05:52.440 --> 01:05:53.920
years that are fuck that's a million bucks
1650
01:05:53.920 --> 01:05:56.720
boy maybe hold on what was that thing
1651
01:05:56.720 --> 01:05:57.880
about I could I could make sure that
1652
01:05:57.880 --> 01:05:58.920
nobody could take it from me and if
1653
01:05:58.920 --> 01:06:00.580
the exchange goes insolvent so I think my
1654
01:06:00.580 --> 01:06:04.260
point here is that you like you're not
1655
01:06:04.260 --> 01:06:05.680
going to get somebody to be a hardcore
1656
01:06:05.680 --> 01:06:08.820
self -custy maximalist immediately when they adopt bitcoin
1657
01:06:08.820 --> 01:06:12.540
it's a function of realizing how valuable your
1658
01:06:12.540 --> 01:06:15.920
stack is now versus how much it was
1659
01:06:15.920 --> 01:06:18.120
when you started and unless you know you
1660
01:06:18.120 --> 01:06:18.980
got in when you I did and you
1661
01:06:18.980 --> 01:06:20.380
just bought all the way to the 69K
1662
01:06:20.380 --> 01:06:22.220
top and we're like barely above there now,
1663
01:06:22.220 --> 01:06:24.940
you know, but you know, um, a different
1664
01:06:24.940 --> 01:06:27.240
story. But the point is, I think that
1665
01:06:27.240 --> 01:06:31.480
NGU drives self -custody adoption because people realize,
1666
01:06:31.480 --> 01:06:33.780
oh shit, this is this thing that started
1667
01:06:33.780 --> 01:06:35.600
out as like a little, you know, a
1668
01:06:35.600 --> 01:06:38.020
little chunk, a little, you know, little gamble,
1669
01:06:38.020 --> 01:06:40.200
a little investment, whatever. This is worth a
1670
01:06:40.200 --> 01:06:43.100
lot right now. It's going to keep being
1671
01:06:43.100 --> 01:06:45.860
worth even more. I should probably protect this
1672
01:06:45.860 --> 01:06:48.280
in such a way that I can make
1673
01:06:48.280 --> 01:06:48.840
sure that I can make sure. nobody can
1674
01:06:48.840 --> 01:06:50.440
take it, that I can make sure I
1675
01:06:50.440 --> 01:06:55.300
can make sure that no exchange going belly
1676
01:06:55.300 --> 01:06:57.340
up is going to screw it. So I
1677
01:06:57.340 --> 01:06:58.760
don't know, this, it all comes back to
1678
01:06:58.760 --> 01:07:01.760
NGU is both like the best thing for
1679
01:07:01.760 --> 01:07:06.200
Bitcoin from a general adoption perspective and a
1680
01:07:06.200 --> 01:07:07.940
marketing perspective, but also actually from a self
1681
01:07:07.940 --> 01:07:11.020
-custody adoption perspective. But I don't know, maybe
1682
01:07:11.020 --> 01:07:13.340
I'm off base there, just my thoughts. I'm
1683
01:07:13.340 --> 01:07:15.500
not off base. I'm exactly right. You're exactly
1684
01:07:15.500 --> 01:07:17.300
right, Walker. On this one you are. The
1685
01:07:17.300 --> 01:07:18.400
other thing I wanted to just quickly highlight
1686
01:07:18.400 --> 01:07:20.320
it goes back to oh shut up it
1687
01:07:20.320 --> 01:07:22.100
goes what are we comparing it to like
1688
01:07:22.100 --> 01:07:24.080
compared to what so i just did a
1689
01:07:24.080 --> 01:07:26.560
search for like cheap like mid -range safe
1690
01:07:26.560 --> 01:07:28.720
and it probably you line oh my god
1691
01:07:28.720 --> 01:07:30.920
you line big this is not this is
1692
01:07:30.920 --> 01:07:32.640
not a top garbage bins while you're at
1693
01:07:32.640 --> 01:07:35.000
it 100 % bins get the bag those
1694
01:07:35.000 --> 01:07:36.620
are good bags actually i like the mop
1695
01:07:36.620 --> 01:07:38.260
and bucket too uh that's a sort of
1696
01:07:38.260 --> 01:07:40.480
a different time but you line safe mid
1697
01:07:40.480 --> 01:07:43.560
-range digital floor raid safe is 927 bucks
1698
01:07:43.560 --> 01:07:45.320
right that's what you're gonna spend on not
1699
01:07:45.320 --> 01:07:46.660
the greatest safe but i'm sure do a
1700
01:07:46.660 --> 01:07:47.760
fine job i don't think it's like it's
1701
01:07:47.760 --> 01:07:49.200
not even like a fireproof safe or like
1702
01:07:49.200 --> 01:07:50.960
a huge security one if i want to
1703
01:07:50.960 --> 01:07:52.780
buy a treasor save 7 a jade plus
1704
01:07:52.780 --> 01:07:54.940
and a bitbox o2 noba all three wallets
1705
01:07:54.940 --> 01:07:56.220
together is gonna run me what i have
1706
01:07:56.220 --> 01:07:58.820
it at 594 right so it's like compared
1707
01:07:58.820 --> 01:08:00.160
to what i can get all three those
1708
01:08:00.160 --> 01:08:01.720
but then you need three saves to put
1709
01:08:01.720 --> 01:08:04.220
them in and geographically distributed locations you know
1710
01:08:04.220 --> 01:08:06.900
safe for your dice the safe makes you
1711
01:08:06.900 --> 01:08:09.060
is hard to make sure that nobody ever
1712
01:08:09.060 --> 01:08:10.620
you know is able to wait your dice
1713
01:08:10.620 --> 01:08:11.580
for you the next time you want to
1714
01:08:11.580 --> 01:08:13.420
generate some entropy you're going to need your
1715
01:08:13.420 --> 01:08:16.240
uh your uh laboratory grade scale as well
1716
01:08:16.240 --> 01:08:18.640
nothing from the last time so And you
1717
01:08:18.640 --> 01:08:19.580
got to put all those in the safe
1718
01:08:19.580 --> 01:08:20.960
too. So you are going to need safes,
1719
01:08:20.960 --> 01:08:23.900
not that I'm not that I'm asking if
1720
01:08:23.900 --> 01:08:25.240
you guys have safe in your basement, like
1721
01:08:25.240 --> 01:08:26.980
I don't have a safe anywhere in my
1722
01:08:26.980 --> 01:08:29.380
house, including like my concrete, like, like my
1723
01:08:29.380 --> 01:08:30.280
own room on the other side of this
1724
01:08:30.280 --> 01:08:33.320
room because I keep one behind my Monet.
1725
01:08:33.320 --> 01:08:36.360
Yeah. Nobody ever touches it. They're too worried.
1726
01:08:36.360 --> 01:08:37.900
Just in case. I just don't, I don't
1727
01:08:37.900 --> 01:08:40.040
understand. Like I've preached on my show for
1728
01:08:40.040 --> 01:08:41.420
a long time. And I think people are
1729
01:08:41.420 --> 01:08:42.580
coming around at this point of view that
1730
01:08:42.580 --> 01:08:46.240
the tradeoff to not have your Bitcoin, like
1731
01:08:46.240 --> 01:08:47.940
your like your stack should not be accessible
1732
01:08:47.940 --> 01:08:49.920
to you. you in your home. And I
1733
01:08:49.920 --> 01:08:53.840
view the safe as like, like in your,
1734
01:08:53.840 --> 01:08:55.960
like in your residence. In your residence, you
1735
01:08:55.960 --> 01:08:57.660
shouldn't be able to like, someone should not
1736
01:08:57.660 --> 01:08:59.640
be able to break in and break toes
1737
01:08:59.640 --> 01:09:01.140
and thumbs until they get it. Like, that's
1738
01:09:01.140 --> 01:09:03.640
not somebody would have to transport me to
1739
01:09:03.640 --> 01:09:05.420
other countries. You know what I mean? Like,
1740
01:09:05.420 --> 01:09:06.560
this is what you want. To get access
1741
01:09:06.560 --> 01:09:08.160
to my Bitcoin. This is the kind of
1742
01:09:08.160 --> 01:09:09.540
thing you want. And I, when I hear
1743
01:09:09.540 --> 01:09:11.220
people say stuff like, well, you can just
1744
01:09:11.220 --> 01:09:12.700
put your gold in a safe or your
1745
01:09:12.700 --> 01:09:14.440
bonds in a safe or whatever, bonds in
1746
01:09:14.440 --> 01:09:15.720
a safe, you know, it's not the 1800s,
1747
01:09:15.720 --> 01:09:18.600
but whatever. Like the, the, the understanding there
1748
01:09:18.600 --> 01:09:21.700
is that what the guy who busts into
1749
01:09:21.700 --> 01:09:23.080
your house is just going to be like,
1750
01:09:23.080 --> 01:09:24.240
oh, fuck, it's in a safe. I guess
1751
01:09:24.240 --> 01:09:26.420
I'll just leave. Like, no, man, the safe
1752
01:09:26.420 --> 01:09:29.240
makes you a target. It's like a clear
1753
01:09:29.240 --> 01:09:32.880
thing that's that an intruder understands. Value exists
1754
01:09:32.880 --> 01:09:34.120
here. Like, like, why - You can get
1755
01:09:34.120 --> 01:09:36.800
a safe deposit box for 60 bucks a
1756
01:09:36.800 --> 01:09:38.700
year. Yeah, like, why put yourself in that
1757
01:09:38.700 --> 01:09:41.880
situation? I will never understand the safe maximalists.
1758
01:09:41.880 --> 01:09:43.760
Like, I just don't get that at all.
1759
01:09:43.760 --> 01:09:46.940
I never will. I never will. Ben. Fireproofing
1760
01:09:46.940 --> 01:09:48.920
maybe is that? Is that the answer? Fireproofing
1761
01:09:48.920 --> 01:09:51.760
for documents? Yeah, I see that one. Yeah.
1762
01:09:51.760 --> 01:09:52.820
But they just get a box. Can you
1763
01:09:52.820 --> 01:09:54.240
get like one of those floating boxes or
1764
01:09:54.240 --> 01:09:56.540
whatever? Like cold card, RIP used to sell
1765
01:09:56.540 --> 01:09:59.420
like a fucking box, right? The waterproof thing,
1766
01:09:59.420 --> 01:10:00.420
you put your cold card in and had
1767
01:10:00.420 --> 01:10:01.700
some room for some other stuff in there,
1768
01:10:01.700 --> 01:10:03.380
I thought.! I don't remember that. Probably not
1769
01:10:03.380 --> 01:10:05.660
even waterproof anyway. It's fucking those guys. They
1770
01:10:05.660 --> 01:10:08.320
had sauna hats, though. It's probably got a
1771
01:10:08.320 --> 01:10:11.040
forging antenna at this point. Continue. Yeah, fuck
1772
01:10:11.040 --> 01:10:13.440
me. All right. Jens, I'm going to take
1773
01:10:13.440 --> 01:10:14.440
a break. On the other side of the
1774
01:10:14.440 --> 01:10:15.980
break, I want to talk about a couple
1775
01:10:15.980 --> 01:10:18.780
things. Number one, BitChat. We saw that band
1776
01:10:18.780 --> 01:10:22.140
in Italy, or in Italy, no. How dare
1777
01:10:22.140 --> 01:10:23.400
you? I can't believe that. I can't believe
1778
01:10:23.400 --> 01:10:26.120
it. I can't believe. I'm dropping it. It's
1779
01:10:26.120 --> 01:10:30.500
all jacamo. Yeah, banned in India. Previously also
1780
01:10:30.500 --> 01:10:32.660
banned in China, used in a variety of
1781
01:10:32.660 --> 01:10:38.040
different places during civil unrest. New version just
1782
01:10:38.040 --> 01:10:41.420
came out yesterday. Cool features. Already recorded the
1783
01:10:41.420 --> 01:10:44.040
tutorial today. It'll be out soon. Where will
1784
01:10:44.040 --> 01:10:46.940
it be? It will be over on a
1785
01:10:46.940 --> 01:10:51.100
little place we like to call Sovereign Sessions.
1786
01:10:51.100 --> 01:10:53.160
I don't know where exactly you can find
1787
01:10:53.160 --> 01:10:56.380
it, but there might be a QR code
1788
01:10:56.380 --> 01:10:58.400
somewhere that you can get over there. It's
1789
01:10:58.400 --> 01:11:00.360
amazing that Ben, who's like on all kinds
1790
01:11:00.360 --> 01:11:02.380
of like peptides and enhancements, never takes a
1791
01:11:02.380 --> 01:11:04.060
chance to go like this, like to the
1792
01:11:04.060 --> 01:11:08.460
fucking... Yeah. I don't know. Where is it?
1793
01:11:08.460 --> 01:11:13.000
I can't fucking do it. Anyways. So we'll
1794
01:11:13.000 --> 01:11:16.060
talk about that also. This is just for
1795
01:11:16.060 --> 01:11:17.900
me. Well, it's for you guys. I know
1796
01:11:17.900 --> 01:11:19.060
you guys are going to chime in on
1797
01:11:19.060 --> 01:11:21.160
this. But the Shane Gillis thing is just
1798
01:11:21.160 --> 01:11:24.580
so chef's kiss. We can't not talk about
1799
01:11:24.580 --> 01:11:27.300
this. This has just been the funny I'm
1800
01:11:27.300 --> 01:11:30.180
so happy about that I'm, I'm, this is
1801
01:11:30.180 --> 01:11:34.960
my WNBA moment when Brandon was so tickled
1802
01:11:34.960 --> 01:11:37.040
pink by that. So this is it for
1803
01:11:37.040 --> 01:11:39.520
me. And we got Sydney Sweeney stuff in
1804
01:11:39.520 --> 01:11:42.640
there too. So it's all coming together here.
1805
01:11:42.640 --> 01:11:45.580
Anyways, guys, keep dropping those, throwing those chairs
1806
01:11:45.580 --> 01:11:47.280
in the chat. We'll be back in just
1807
01:11:47.280 --> 01:11:50.260
a moment. Unless for some reason you think
1808
01:11:50.260 --> 01:11:52.280
they're about to stop printing and stop borrowing,
1809
01:11:52.280 --> 01:11:54.020
you know exactly where Bitcoin is going. And
1810
01:11:54.020 --> 01:11:55.620
whether your stack is already at the size,
1811
01:11:55.620 --> 01:11:56.520
where you know you should do something about
1812
01:11:56.520 --> 01:11:57.980
it, or it's headed there, it's time your
1813
01:11:57.980 --> 01:12:00.140
security caught up. That's why you need CASA
1814
01:12:00.140 --> 01:12:03.220
premium. Your Bitcoin secured across five keys. Three
1815
01:12:03.220 --> 01:12:05.000
on hardware from different vendors, one on your
1816
01:12:05.000 --> 01:12:07.140
phone, and one held by CASA. Use any
1817
01:12:07.140 --> 01:12:08.400
three to sign, which means if you lose
1818
01:12:08.400 --> 01:12:10.200
one key, you don't lose your stack. It
1819
01:12:10.200 --> 01:12:11.820
also means that CASA can't move it without
1820
01:12:11.820 --> 01:12:13.840
you. The kit, devices and everything goes with
1821
01:12:13.840 --> 01:12:15.000
it, ships right to your door, and their
1822
01:12:15.000 --> 01:12:16.920
advisory team walks you through the full setup.
1823
01:12:16.920 --> 01:12:18.040
And for those of you who care about
1824
01:12:18.040 --> 01:12:19.620
privacy as much as I do, there's no
1825
01:12:19.620 --> 01:12:21.540
KYC on the vault. Use any email you
1826
01:12:21.540 --> 01:12:23.060
like, use any address you like. No one
1827
01:12:23.060 --> 01:12:24.940
has to know your personal details. I know
1828
01:12:24.940 --> 01:12:26.100
what you're thinking? What if something happens to
1829
01:12:26.100 --> 01:12:27.920
Kasa? What about my family? Well, Sob and
1830
01:12:27.920 --> 01:12:29.540
recover means that you can always rebuild using
1831
01:12:29.540 --> 01:12:31.440
open source tools like Sparrow. And as for
1832
01:12:31.440 --> 01:12:33.580
your family, CASA inheritance means you're not leaving
1833
01:12:33.580 --> 01:12:35.160
them a locked box with no key. You
1834
01:12:35.160 --> 01:12:36.460
invite them with an email, and their key
1835
01:12:36.460 --> 01:12:38.100
lies dormant while you're still alive, and should
1836
01:12:38.100 --> 01:12:39.760
that day ever come, you don't have to
1837
01:12:39.760 --> 01:12:41.080
worry about them having to figure it out
1838
01:12:41.080 --> 01:12:42.820
when you're not around to ask. You've already
1839
01:12:42.820 --> 01:12:44.560
taken care of it. So head to Kasa
1840
01:12:44.560 --> 01:12:46.920
.io slash Sessions, promo code sessions, to receive.
1841
01:12:46.920 --> 01:12:49.280
10 % off your first year. That's cossa
1842
01:12:49.280 --> 01:12:51.980
.io slash sessions, code sessions. Click the link
1843
01:12:51.980 --> 01:12:53.300
in the description down below or scan the
1844
01:12:53.300 --> 01:12:56.020
QR code on the screen. One company I
1845
01:12:56.020 --> 01:12:58.100
like pointing people to when they ask about
1846
01:12:58.100 --> 01:13:01.260
Bitcoin mining is abundant mines. They were founded
1847
01:13:01.260 --> 01:13:03.900
by Bo and Christine Turner after losing over
1848
01:13:03.900 --> 01:13:06.420
half a million dollars to broken promises in
1849
01:13:06.420 --> 01:13:08.740
the mining industry, and they built their hosting
1850
01:13:08.740 --> 01:13:11.500
model to remove the usual headaches. With abundant
1851
01:13:11.500 --> 01:13:14.320
mines, you own your machines and keep 100
1852
01:13:14.320 --> 01:13:16.700
% of the Bitcoin you mine. There's no
1853
01:13:16.700 --> 01:13:19.640
record. revenue share, no hidden skims. Pricing is
1854
01:13:19.640 --> 01:13:23.200
simple. One flat monthly fee covers power, parts,
1855
01:13:23.200 --> 01:13:26.680
labor, and repairs. They also guarantee uptime. The
1856
01:13:26.680 --> 01:13:29.680
machine goes down, their hash rate redirect system,
1857
01:13:29.680 --> 01:13:31.900
routes hash power from their fleet, so earnings
1858
01:13:31.900 --> 01:13:34.780
don't just stop. And every machine is insured
1859
01:13:34.780 --> 01:13:38.100
at full replacement value. Everything is hosted in
1860
01:13:38.100 --> 01:13:40.720
the U .S., powered by hydro, and mining
1861
01:13:40.720 --> 01:13:43.780
equipment may qualify for 100 % Year 1
1862
01:13:43.780 --> 01:13:50.340
bonus depreciation. Learn more. minds .com slash sessions.
1863
01:13:50.340 --> 01:13:52.540
All right, let's take a look over here.
1864
01:13:52.540 --> 01:13:55.840
BitChat, too. Just came out on Android and
1865
01:13:55.840 --> 01:14:00.960
on the Android watches as well. So a
1866
01:14:00.960 --> 01:14:03.660
bunch of updates on this, but if you're
1867
01:14:03.660 --> 01:14:06.700
unfamiliar with what this is, basically it's a
1868
01:14:06.700 --> 01:14:11.900
messenger app that doesn't rely on cellular networks.
1869
01:14:11.900 --> 01:14:14.740
So you do not need internet to use
1870
01:14:14.740 --> 01:14:16.920
it. It uses Bluetooth to create a message.
1871
01:14:16.920 --> 01:14:20.100
mesh network, so you're on little tiny internet
1872
01:14:20.100 --> 01:14:25.980
within range. And it daisy chains your messages
1873
01:14:25.980 --> 01:14:28.280
down the line to people that may not
1874
01:14:28.280 --> 01:14:31.600
even be directly in range of you, but
1875
01:14:31.600 --> 01:14:34.880
are kind of six degrees of Kevin Bacon
1876
01:14:34.880 --> 01:14:37.900
away type thing. So you're able to create
1877
01:14:37.900 --> 01:14:41.760
a net of connected individuals. So this is
1878
01:14:41.760 --> 01:14:45.960
particularly useful when maybe there's a protest situation
1879
01:14:45.960 --> 01:14:48.460
in the government, shuts down the internet. And
1880
01:14:48.460 --> 01:14:50.680
we've seen this happen in a number of
1881
01:14:50.680 --> 01:14:53.140
places. And the thing that started happening was
1882
01:14:53.140 --> 01:14:57.240
you can actually anticipate civil unrest by seeing
1883
01:14:57.240 --> 01:15:01.100
spikes in bit chat downloads pre -protest, which
1884
01:15:01.100 --> 01:15:03.720
was pretty wild. And so governments have begun
1885
01:15:03.720 --> 01:15:06.540
to catch onto this, and they've begun banning
1886
01:15:06.540 --> 01:15:09.740
it. China banned it earlier this year. India
1887
01:15:09.740 --> 01:15:13.640
most recently banned it. And they pushed to
1888
01:15:13.640 --> 01:15:16.260
get the GitHub page taken down in their
1889
01:15:16.260 --> 01:15:18.220
borders as well so people couldn't even find
1890
01:15:18.220 --> 01:15:23.260
it there. Well, in my testing today, I
1891
01:15:23.260 --> 01:15:25.280
tried out some of the new features, pretty
1892
01:15:25.280 --> 01:15:27.940
slick. One of them includes being able to
1893
01:15:27.940 --> 01:15:31.420
share the app with anybody in your vicinity
1894
01:15:31.420 --> 01:15:35.160
from the app itself. So there's a, you
1895
01:15:35.160 --> 01:15:38.160
can download an APK file, a copy of
1896
01:15:38.160 --> 01:15:40.460
the app, and then share it directly to
1897
01:15:40.460 --> 01:15:43.860
anybody in Bluetooth range. It's really, really cool.
1898
01:15:43.860 --> 01:15:46.740
Really, really useful. and, you know, Nathan, you
1899
01:15:46.740 --> 01:15:48.140
and I have talked about this. It's like
1900
01:15:48.140 --> 01:15:51.200
having a fire extinguisher, it's good to have
1901
01:15:51.200 --> 01:15:53.060
one in case you need to use it.
1902
01:15:53.060 --> 01:15:54.300
You hope you never do, but it's good
1903
01:15:54.300 --> 01:15:57.640
to have, rather than needing one and not
1904
01:15:57.640 --> 01:15:59.560
having one. So it's a good thing to
1905
01:15:59.560 --> 01:16:01.820
just download now if you have access to
1906
01:16:01.820 --> 01:16:03.560
it and just keep it in your app
1907
01:16:03.560 --> 01:16:06.280
drawer. And should the time ever come, you
1908
01:16:06.280 --> 01:16:07.980
got it. Not only can you use it,
1909
01:16:07.980 --> 01:16:09.160
but you can share it with people around
1910
01:16:09.160 --> 01:16:12.620
you. So super stoked about this one. Can't
1911
01:16:12.620 --> 01:16:14.840
wait to get it. They also added, like,
1912
01:16:14.840 --> 01:16:16.480
a walkie -talkie feature so you can actually
1913
01:16:16.480 --> 01:16:18.480
hold and it'll just come through. There's like
1914
01:16:18.480 --> 01:16:21.920
a live, like, group chat, and then you
1915
01:16:21.920 --> 01:16:25.260
can get individual chats. They've also added a
1916
01:16:25.260 --> 01:16:28.240
feature where, like, if you're being detained and
1917
01:16:28.240 --> 01:16:30.880
somebody, like, wants to see, like, oh, was
1918
01:16:30.880 --> 01:16:32.980
that you in the chat? You literally, there's
1919
01:16:32.980 --> 01:16:35.500
a little green icon in the top left.
1920
01:16:35.500 --> 01:16:37.220
You tap it three times. It wipes all
1921
01:16:37.220 --> 01:16:41.020
your messages and changes your identity. It's really
1922
01:16:41.020 --> 01:16:44.740
cool. That's psycho. Incredible fucking. and stuff. Love
1923
01:16:44.740 --> 01:16:48.660
it. Yeah. It's so cool. I'm, I'm, uh,
1924
01:16:48.660 --> 01:16:50.640
hats off to, I mean, I'm pretty sure
1925
01:16:50.640 --> 01:16:53.440
Calais was the, the big one behind a
1926
01:16:53.440 --> 01:16:55.240
lot of this stuff, given it's the Android
1927
01:16:55.240 --> 01:16:59.020
version. So, um, yeah, yeah, super awesome. Any
1928
01:16:59.020 --> 01:17:02.420
thoughts there, gents? No, it's very powerful tech.
1929
01:17:02.420 --> 01:17:04.840
I, it's mesh networking is not something that
1930
01:17:04.840 --> 01:17:06.720
I've played around with enough. Like, even just
1931
01:17:06.720 --> 01:17:08.080
the other day I was talking to wonderful
1932
01:17:08.080 --> 01:17:09.660
little claw bot and just trying to figure
1933
01:17:09.660 --> 01:17:11.080
out, like, what range you could actually push
1934
01:17:11.080 --> 01:17:12.100
things to? Like, I was trying to say,
1935
01:17:12.100 --> 01:17:14.020
like, can I mesh from, like, my place
1936
01:17:14.020 --> 01:17:14.940
to Ben's place because we live in the
1937
01:17:14.940 --> 01:17:17.340
same province, not too, too far apart. It's
1938
01:17:17.340 --> 01:17:19.700
not outside the realm of possibility. Claude and
1939
01:17:19.700 --> 01:17:22.540
I were discussing, like, balloons and drones. It's
1940
01:17:22.540 --> 01:17:23.680
like, you can actually get a lot of
1941
01:17:23.680 --> 01:17:25.520
coverage with those sort of things. If you
1942
01:17:25.520 --> 01:17:28.020
get, it be, my hope would be that
1943
01:17:28.020 --> 01:17:29.660
this is a weird one, when you have
1944
01:17:29.660 --> 01:17:32.420
those emergency situations or, you know, internet's out
1945
01:17:32.420 --> 01:17:34.760
for whatever reason, or there's some sort of
1946
01:17:34.760 --> 01:17:36.700
an uprising, I hope that the people that
1947
01:17:36.700 --> 01:17:39.040
turn to it in an emergency keep it
1948
01:17:39.040 --> 01:17:41.420
after the fact. So we can slowly over
1949
01:17:41.420 --> 01:17:43.860
time actually build out a broader bit chat
1950
01:17:43.860 --> 01:17:46.760
network that has usability in some geographical locations
1951
01:17:46.760 --> 01:17:51.480
kind of when you naturally appear. Walker. I
1952
01:17:51.480 --> 01:17:55.200
mean, like, this is just awesome, right? It's
1953
01:17:55.200 --> 01:17:58.620
amazing because, again, and this is all open
1954
01:17:58.620 --> 01:18:00.560
source, right? For those who aren't familiar with
1955
01:18:00.560 --> 01:18:02.600
how this happened, this was like a weekend
1956
01:18:02.600 --> 01:18:05.720
coding project for Jack Dorsey. He built it
1957
01:18:05.720 --> 01:18:08.280
out on iOS and was like, hey, look,
1958
01:18:08.280 --> 01:18:09.900
I made, I made this thing that lets
1959
01:18:09.900 --> 01:18:13.800
you. you use Bluetooth mesh networks to chat
1960
01:18:13.800 --> 01:18:18.220
without the internet. And Callie being the cipherpunk,
1961
01:18:18.220 --> 01:18:20.520
like, legitimate cypunk that is. It's cool to,
1962
01:18:20.520 --> 01:18:22.260
like, guys that we, if you're in the
1963
01:18:22.260 --> 01:18:24.100
Bitcoin space right now, like you exist around
1964
01:18:24.100 --> 01:18:27.820
people that are legitimate cipherpunks. Like, like, actually,
1965
01:18:27.820 --> 01:18:30.500
like, Callie is a legitimate cypher punk who
1966
01:18:30.500 --> 01:18:32.400
has been made into a super, like a
1967
01:18:32.400 --> 01:18:35.480
superhuman demigod with AI. The amount that that
1968
01:18:35.480 --> 01:18:38.660
guy ships is fucking incredible. And you know
1969
01:18:38.660 --> 01:18:42.280
what he ships? open source freedom tech i
1970
01:18:42.280 --> 01:18:43.860
fucking love that it's one of those things
1971
01:18:43.860 --> 01:18:45.440
that gives me so much hope in humanity
1972
01:18:45.440 --> 01:18:47.840
and ben to your point it's so interesting
1973
01:18:47.840 --> 01:18:49.860
that we've been able to see bit chat
1974
01:18:49.860 --> 01:18:52.460
downloads as a gauge for like it's like
1975
01:18:52.460 --> 01:18:54.460
what's the uh what's the one metric or
1976
01:18:54.460 --> 01:18:55.900
out it's like the it's like the it's
1977
01:18:55.900 --> 01:18:57.400
like the pizza and the gay bar outside
1978
01:18:57.400 --> 01:18:59.420
the pentagon yeah bar is quiet but pizza
1979
01:18:59.420 --> 01:19:00.780
huts get a lot of orders looks like
1980
01:19:00.780 --> 01:19:04.000
we're going to war boys um strong indicator
1981
01:19:04.000 --> 01:19:07.940
strong shockingly strong indicator but but this is
1982
01:19:07.940 --> 01:19:09.560
incredible and i think that you should like,
1983
01:19:09.560 --> 01:19:12.100
uh, you should use these tools as much
1984
01:19:12.100 --> 01:19:13.800
you can be familiar with them. You know
1985
01:19:13.800 --> 01:19:16.620
what the other really cool thing is. If
1986
01:19:16.620 --> 01:19:17.860
you say like, oh, yeah, that'd be really
1987
01:19:17.860 --> 01:19:19.360
cool if I like, we took that and
1988
01:19:19.360 --> 01:19:20.500
did this, that the other thing with it,
1989
01:19:20.500 --> 01:19:22.120
like, you can just do that. It's open
1990
01:19:22.120 --> 01:19:24.520
source. You can literally just go on the
1991
01:19:24.520 --> 01:19:27.700
GitHub, permissionless tech slash bitchat dash Android or
1992
01:19:27.700 --> 01:19:30.100
whatever, and you can just clone that repo
1993
01:19:30.100 --> 01:19:31.980
and you can do whatever you want with
1994
01:19:31.980 --> 01:19:34.280
it. And you, you don't even have to
1995
01:19:34.280 --> 01:19:36.500
be a developer because you can use these
1996
01:19:36.500 --> 01:19:38.120
AI tools to do it. Like, we live
1997
01:19:38.120 --> 01:19:42.040
in this incredible, honestly like a we live
1998
01:19:42.040 --> 01:19:43.020
in an age where i think it's like
1999
01:19:43.020 --> 01:19:44.500
that you know the meme like which you
2000
01:19:44.500 --> 01:19:46.460
know like which way like dark scary castle
2001
01:19:46.460 --> 01:19:48.640
or like beautiful thing it's like apocalypse or
2002
01:19:48.640 --> 01:19:52.920
abundance right and right now you kind of
2003
01:19:52.920 --> 01:19:55.540
have the choice which path you choose to
2004
01:19:55.540 --> 01:19:59.040
see because if you're like it's put another
2005
01:19:59.040 --> 01:20:02.200
way it's p doom versus p boom uh
2006
01:20:02.200 --> 01:20:04.160
i'm in the p boom camp right like
2007
01:20:04.160 --> 01:20:05.700
i like i think the probability of boom
2008
01:20:05.700 --> 01:20:07.100
is very high the probability of doom is
2009
01:20:07.100 --> 01:20:09.060
also there i just don't think that it's
2010
01:20:09.060 --> 01:20:11.280
quite as high. But the reason I don't
2011
01:20:11.280 --> 01:20:12.460
think it's quite as high is because we
2012
01:20:12.460 --> 01:20:16.640
have incredible open source developers, real true cypherpunks,
2013
01:20:16.640 --> 01:20:19.400
who are hacking together the future that is
2014
01:20:19.400 --> 01:20:21.600
going to enable us all to be free.
2015
01:20:21.600 --> 01:20:23.800
And that beautiful fact of the universe, as
2016
01:20:23.800 --> 01:20:27.920
Julian Assange said, that information is easier to
2017
01:20:27.920 --> 01:20:30.640
encrypt than it is to decrypt. Like, we
2018
01:20:30.640 --> 01:20:33.120
have these asymmetric defense mechanisms in the digital
2019
01:20:33.120 --> 01:20:34.880
age that allow us to resist the fucking
2020
01:20:34.880 --> 01:20:39.300
totalitarian panopticon. And these tools typically in prior
2021
01:20:39.300 --> 01:20:43.840
era is like, there wasn't as much asymmetry.
2022
01:20:43.840 --> 01:20:45.880
There was some, right? Like, you know, the
2023
01:20:45.880 --> 01:20:48.620
classic example, you know, the peasant farmer now
2024
01:20:48.620 --> 01:20:50.140
has a rifled barrel, you know, and he
2025
01:20:50.140 --> 01:20:51.620
can, you know, you can do some damage
2026
01:20:51.620 --> 01:20:55.260
with that. But like, this is, we're at,
2027
01:20:55.260 --> 01:20:56.940
we're at a different level now. We're at
2028
01:20:56.940 --> 01:20:58.080
a different level. That doesn't mean that the
2029
01:20:58.080 --> 01:21:00.340
tools that the totalitarian state has are not
2030
01:21:00.340 --> 01:21:02.720
also at a different level, because they certainly
2031
01:21:02.720 --> 01:21:04.940
are. I think we need to resist that
2032
01:21:04.940 --> 01:21:08.140
totalitarian temptation at every turn. But you should
2033
01:21:08.140 --> 01:21:10.920
be super hopeful because there is so much
2034
01:21:10.920 --> 01:21:13.720
incredible free and open source technology out there
2035
01:21:13.720 --> 01:21:16.740
that you can just go and fucking use.
2036
01:21:16.740 --> 01:21:18.280
You don't have to ask you as permission.
2037
01:21:18.280 --> 01:21:19.680
If you don't know how to use it,
2038
01:21:19.680 --> 01:21:23.820
you can just go to sovereign sessions. That's
2039
01:21:23.820 --> 01:21:26.900
exactly where somebody could go. You're absolutely right.
2040
01:21:26.900 --> 01:21:30.000
Thank you for that Walker. I'm good. Do
2041
01:21:30.000 --> 01:21:31.460
you know what's interesting is that I think
2042
01:21:31.460 --> 01:21:34.320
there are governments learning from this strisen effect
2043
01:21:34.320 --> 01:21:37.040
that is happening over and over again with
2044
01:21:37.040 --> 01:21:40.660
these apps that usurp government power. And I
2045
01:21:40.660 --> 01:21:43.300
have one major concern, and it's actually something
2046
01:21:43.300 --> 01:21:46.800
that's taking shape in Ontario. There's a right
2047
01:21:46.800 --> 01:21:49.820
now expansion underway all over the country, but
2048
01:21:49.820 --> 01:21:51.440
there's a number of Ontario cities on it,
2049
01:21:51.440 --> 01:21:53.260
obviously, because we're sort of the most populous
2050
01:21:53.260 --> 01:21:56.000
place in the country, where the RCMP right
2051
01:21:56.000 --> 01:21:59.580
now is allowed to jam cell phone signal
2052
01:21:59.580 --> 01:22:03.460
and Bluetooth under certain circumstances without being fined,
2053
01:22:03.460 --> 01:22:04.680
without having a problem. This is also the
2054
01:22:04.680 --> 01:22:10.340
case in certain penitentiaries. and under certain scenarios,
2055
01:22:10.340 --> 01:22:12.720
Ottawa is pushing to expand that power. I
2056
01:22:12.720 --> 01:22:14.220
don't know if you guys have seen that,
2057
01:22:14.220 --> 01:22:16.260
but like, I think more and more governments
2058
01:22:16.260 --> 01:22:18.700
are going, you can download whatever you want.
2059
01:22:18.700 --> 01:22:21.020
But when we are ready to shut down
2060
01:22:21.020 --> 01:22:22.540
communication, we're going to do it and there's
2061
01:22:22.540 --> 01:22:24.640
nothing you can do about it. I feel,
2062
01:22:24.640 --> 01:22:26.180
I still feel pretty good on the P
2063
01:22:26.180 --> 01:22:29.700
boom side because the cat and mouse game
2064
01:22:29.700 --> 01:22:33.820
between us and them has never, we've never
2065
01:22:33.820 --> 01:22:35.580
had the tools we have right now to
2066
01:22:35.580 --> 01:22:37.560
get ahead of these guys. And we just
2067
01:22:37.560 --> 01:22:39.900
don't have the bureaucracy. We don't have the
2068
01:22:39.900 --> 01:22:42.620
red tape. All we got are ideas and
2069
01:22:42.620 --> 01:22:45.380
models. And we're cooking. And it shows. And
2070
01:22:45.380 --> 01:22:47.060
so I'm looking forward to seeing how this
2071
01:22:47.060 --> 01:22:50.980
stuff works in a real tense, first world
2072
01:22:50.980 --> 01:22:54.540
situation. Because I don't think places like India
2073
01:22:54.540 --> 01:22:57.240
have the tools to figure this out, but
2074
01:22:57.240 --> 01:23:00.060
Canada does. And so does the states. And
2075
01:23:00.060 --> 01:23:02.320
so I wonder how this power expansion on
2076
01:23:02.320 --> 01:23:03.900
one side versus the guys who are vibe
2077
01:23:03.900 --> 01:23:05.700
coding this. stuff on the other side. How
2078
01:23:05.700 --> 01:23:08.340
is this going to look in a situation
2079
01:23:08.340 --> 01:23:10.520
where both sides have some skin in the
2080
01:23:10.520 --> 01:23:13.920
game and want these tools to function properly,
2081
01:23:13.920 --> 01:23:15.740
you know, disabling the other side. The internet
2082
01:23:15.740 --> 01:23:18.620
is very easy in third world countries. It's
2083
01:23:18.620 --> 01:23:20.600
not the, it's not, it's not, but I'm
2084
01:23:20.600 --> 01:23:23.780
talking about Bluetooth to Bluetooth phones. Right now,
2085
01:23:23.780 --> 01:23:26.640
that's very difficult. There are jammer, jammers will
2086
01:23:26.640 --> 01:23:27.900
do that. You can, you could, you could,
2087
01:23:27.900 --> 01:23:29.680
up until a while ago in Canada, you
2088
01:23:29.680 --> 01:23:30.900
could buy a Bluetooth jammer and take it
2089
01:23:30.900 --> 01:23:32.740
to the beach so that the 30 blasting
2090
01:23:32.740 --> 01:23:34.660
music from his home country doesn't ruin your
2091
01:23:34.660 --> 01:23:36.520
time in the sand. Yeah, but that's illegal
2092
01:23:36.520 --> 01:23:39.180
now. Then you just use Wi -Fi Direct.
2093
01:23:39.180 --> 01:23:40.900
Like, there are so many other ways around
2094
01:23:40.900 --> 01:23:43.340
this. Your phone is a radio. Yeah. All
2095
01:23:43.340 --> 01:23:45.140
of this is radio. I think this is
2096
01:23:45.140 --> 01:23:46.820
getting... You were going to have to, you
2097
01:23:46.820 --> 01:23:49.240
need to block every single fucking frequency. In
2098
01:23:49.240 --> 01:23:50.680
which case, you won't be able to communicate
2099
01:23:50.680 --> 01:23:54.400
either. I think that's a possibility these guys
2100
01:23:54.400 --> 01:23:55.440
are willing to live with if they have
2101
01:23:55.440 --> 01:23:57.720
to go that far. Isn't Bluetooth a specific
2102
01:23:57.720 --> 01:24:00.260
band? I haven't looked at the details around
2103
01:24:00.260 --> 01:24:02.660
Bitch Chat because Bichad is also low frequency
2104
01:24:02.660 --> 01:24:04.000
Bluetooth, right? It's the same as the AirPods
2105
01:24:04.000 --> 01:24:06.060
are. So I don't know, like, how far
2106
01:24:06.060 --> 01:24:08.580
this other tech would have to go. But
2107
01:24:08.580 --> 01:24:10.360
it is interesting, you know, in any case,
2108
01:24:10.360 --> 01:24:11.660
to see the cat and mouse playing out
2109
01:24:11.660 --> 01:24:14.640
in real time between us and the state.
2110
01:24:14.640 --> 01:24:16.680
I think I'm having a blast watching this
2111
01:24:16.680 --> 01:24:19.100
because it's the Taliban taught us anything. Feels
2112
01:24:19.100 --> 01:24:20.560
like we're winning, you know, it feels like
2113
01:24:20.560 --> 01:24:24.140
we're winning. Yeah. Speaking of winning, uh, let's
2114
01:24:24.140 --> 01:24:26.260
pivot here to my favorite story of the
2115
01:24:26.260 --> 01:24:29.500
night. Uh, let's let's just pull this up.
2116
01:24:29.500 --> 01:24:30.880
First, I need to pull up the outrage
2117
01:24:30.880 --> 01:24:34.820
articles. Everyone has weighed in on the Shane
2118
01:24:34.820 --> 01:24:42.420
Gillis monologue controversy except SNL. Zoe Sautile is
2119
01:24:42.420 --> 01:24:45.000
quite upset about it. Also, just so you
2120
01:24:45.000 --> 01:24:48.640
know, CBS Morning's comedian, Shane Gillis is under
2121
01:24:48.640 --> 01:24:51.620
fire after his monologue on SNL last weekend
2122
01:24:51.620 --> 01:24:57.080
sparked accusations of misogyny. Some celebrities, including former
2123
01:24:57.080 --> 01:25:00.200
SNL cast, ego, I don't know how to
2124
01:25:00.200 --> 01:25:03.540
say that, Nodem. Aaron Morris and Dan Levy,
2125
01:25:03.540 --> 01:25:05.260
oh yeah, he was spicy about it, have
2126
01:25:05.260 --> 01:25:08.320
criticized the joke he made about clothes women
2127
01:25:08.320 --> 01:25:10.380
wear to the gym. But the comedian has
2128
01:25:10.380 --> 01:25:13.160
also found defenders on social media. Representatives for
2129
01:25:13.160 --> 01:25:16.720
Gillis have not returned CBS News requests for
2130
01:25:16.720 --> 01:25:21.320
comment, obviously, obviously. May I just mention that
2131
01:25:21.320 --> 01:25:25.520
last month, only a month ago, everybody was
2132
01:25:25.520 --> 01:25:31.980
up in arms over Ms. Sidney Sweeney choosing
2133
01:25:31.980 --> 01:25:37.140
to do a racy ad for a sports
2134
01:25:37.140 --> 01:25:40.880
betting site, which she negotiated the contract so
2135
01:25:40.880 --> 01:25:44.480
she was an equity holder in, making tons
2136
01:25:44.480 --> 01:25:46.860
of money. A very, very smart move. But
2137
01:25:46.860 --> 01:25:50.120
the savvy, it would seem that, yeah, people
2138
01:25:50.120 --> 01:25:52.780
weren't super happy about her body, her choice
2139
01:25:52.780 --> 01:25:56.780
in this instance and decided to basically say
2140
01:25:56.780 --> 01:25:59.980
that, you know, she's a big old whore.
2141
01:25:59.980 --> 01:26:04.760
it would seem that's not people are super
2142
01:26:04.760 --> 01:26:07.820
not keen on it when when you're kind
2143
01:26:07.820 --> 01:26:11.200
of hot there. Anyways, just as a fun
2144
01:26:11.200 --> 01:26:14.220
jab to that, she posts a topless video
2145
01:26:14.220 --> 01:26:17.460
to mock the backlash recently, so that's good.
2146
01:26:17.460 --> 01:26:21.100
I feel like I feel like I'm taking
2147
01:26:21.100 --> 01:26:24.360
crazy pills because, of course, we've got Lindsay
2148
01:26:24.360 --> 01:26:28.420
Clancy and everybody's championing her. And then Shane
2149
01:26:28.420 --> 01:26:33.120
Gillis makes, like, the most, I would say
2150
01:26:33.120 --> 01:26:36.120
it's a joke, but also, like, have you
2151
01:26:36.120 --> 01:26:39.940
been to gyms? It's undeniable. It's undeniable. Joey,
2152
01:26:39.940 --> 01:26:43.080
maybe you could be for context, actually. Joey,
2153
01:26:43.080 --> 01:26:45.480
for context. I've heard from Joey, there's lots
2154
01:26:45.480 --> 01:26:48.220
of horrors in his gym, so. There's a
2155
01:26:48.220 --> 01:26:50.380
link in the back chat there, if you
2156
01:26:50.380 --> 01:26:52.300
could be so kind as to pull it
2157
01:26:52.300 --> 01:26:55.100
up and just do a quick little read
2158
01:26:55.100 --> 01:26:56.180
for us. If you want me to do
2159
01:26:56.180 --> 01:26:58.040
it, sure, okay. Yeah, let's do it. All
2160
01:26:58.040 --> 01:27:00.320
right. Give it, no problem. Yeah, listen, this
2161
01:27:00.320 --> 01:27:02.400
is good. Can you do a character voice,
2162
01:27:02.400 --> 01:27:03.900
please? I'm not going to do a character
2163
01:27:03.900 --> 01:27:05.520
voice, so this way when I have my
2164
01:27:05.520 --> 01:27:09.280
HR meeting, at least it'll sound normal. I
2165
01:27:09.280 --> 01:27:10.920
try to go to a public gym. Going
2166
01:27:10.920 --> 01:27:13.080
to a public gym as a fat guy,
2167
01:27:13.080 --> 01:27:15.880
especially in New York, it's a nightmare, dude.
2168
01:27:15.880 --> 01:27:18.620
Everyone's, it's just the hottest gay guys you've
2169
01:27:18.620 --> 01:27:21.040
ever seen. They're jacked and they look at
2170
01:27:21.040 --> 01:27:23.940
me like, yeah, right, I know, dude. Also,
2171
01:27:23.940 --> 01:27:24.920
I haven't been to a gym in so
2172
01:27:24.920 --> 01:27:26.680
long. I didn't know women just dress like
2173
01:27:26.680 --> 01:27:29.600
whores now. Look, I'm sorry, there's no other
2174
01:27:29.600 --> 01:27:31.540
way to describe. I say, have you seen
2175
01:27:31.540 --> 01:27:33.700
it? I've seen the shorts. Have you seen
2176
01:27:33.700 --> 01:27:37.380
the shorts? Those neon, they're like only there,
2177
01:27:37.380 --> 01:27:40.780
like, superficial, like artificial bait colored. I said
2178
01:27:40.780 --> 01:27:43.720
that. The wrinkles, the wrinkles go like around
2179
01:27:43.720 --> 01:27:46.700
the cheeks and all combine at the butthole.
2180
01:27:46.700 --> 01:27:48.360
And don't look. You're not allowed to look
2181
01:27:48.360 --> 01:27:51.500
for real. Don't look because they are filming.
2182
01:27:51.500 --> 01:27:53.800
I'm in the background of like 10 TikToks
2183
01:27:53.800 --> 01:27:56.440
right now. Not with all the equipment. I
2184
01:27:56.440 --> 01:27:58.200
haven't been in the gym in so long.
2185
01:27:58.200 --> 01:28:00.520
The equipment's changed. It's all like kettlebells and
2186
01:28:00.520 --> 01:28:03.120
rubber bands. And look, I'm not allowed to
2187
01:28:03.120 --> 01:28:06.020
do kettlebells. Fat publicly, I'd rather die. I
2188
01:28:06.020 --> 01:28:07.380
don't know. You got to get that probably
2189
01:28:07.380 --> 01:28:09.900
read some other way. But listen, I will
2190
01:28:09.900 --> 01:28:11.560
compare this to something that Chappelle did a
2191
01:28:11.560 --> 01:28:12.460
few years ago. I don't know if you
2192
01:28:12.460 --> 01:28:15.180
guys I've seen or remember the details are
2193
01:28:15.180 --> 01:28:16.700
a little foggy, but he does this skit
2194
01:28:16.700 --> 01:28:18.020
about what do you do if you see
2195
01:28:18.020 --> 01:28:20.420
a hot girl at a party. And he
2196
01:28:20.420 --> 01:28:21.900
basically makes this case. He's like, I'm not
2197
01:28:21.900 --> 01:28:23.580
talking hot like in a classic way. I'm
2198
01:28:23.580 --> 01:28:25.520
talking. hot like her ass is hanging out
2199
01:28:25.520 --> 01:28:27.440
of her pants or something like that. And
2200
01:28:27.440 --> 01:28:28.660
he's like, you can't just walk up there
2201
01:28:28.660 --> 01:28:30.340
and be like, yo, bitch, let's see those
2202
01:28:30.340 --> 01:28:33.100
titties. Because it's not proper. She'll go, what
2203
01:28:33.100 --> 01:28:34.280
do you think I am? Some kind of
2204
01:28:34.280 --> 01:28:38.500
horror. And Chappelle's like, look, if I start
2205
01:28:38.500 --> 01:28:41.180
as Dave Chappelle walking around the street in
2206
01:28:41.180 --> 01:28:44.080
a cop uniform, okay? And someone comes up
2207
01:28:44.080 --> 01:28:46.240
to me and goes, officer, officer, you have
2208
01:28:46.240 --> 01:28:48.380
to help. There's a bank being robbed. Like,
2209
01:28:48.380 --> 01:28:51.580
come quickly and you go, what, what do
2210
01:28:51.580 --> 01:28:52.680
you think I'm a cop or something? What
2211
01:28:52.680 --> 01:28:54.760
am I some kind of cop? I'm not
2212
01:28:54.760 --> 01:28:58.760
a cop, but I'm wearing the uniform, okay?
2213
01:28:58.760 --> 01:29:01.020
And so this is what the fucking story
2214
01:29:01.020 --> 01:29:03.380
is with this. There's no other way to
2215
01:29:03.380 --> 01:29:06.000
describe what's happening here. That's the fucking thing
2216
01:29:06.000 --> 01:29:09.040
he's talking about. It's no, how is this,
2217
01:29:09.040 --> 01:29:11.100
how is, here's the, like, just like, at
2218
01:29:11.100 --> 01:29:12.840
a larger level, enjoy, it was a pretty
2219
01:29:12.840 --> 01:29:14.460
good reading. I think that was killing him
2220
01:29:14.460 --> 01:29:16.400
softly. I'm trying to remember which special that
2221
01:29:16.400 --> 01:29:19.980
was. It's phenomenal, by the way. It's old.
2222
01:29:19.980 --> 01:29:22.800
It's like pre -jack -up, Dave. Yeah, yeah.
2223
01:29:22.800 --> 01:29:26.960
But like, the, This, you're only, okay, here's
2224
01:29:26.960 --> 01:29:29.900
the thing. People tend to only get offended,
2225
01:29:29.900 --> 01:29:32.860
really offended by things that are true. Because
2226
01:29:32.860 --> 01:29:34.840
the truth is often offensive when your entire
2227
01:29:34.840 --> 01:29:37.100
world is based in a lie. When everybody
2228
01:29:37.100 --> 01:29:38.540
else around you lies to you to make
2229
01:29:38.540 --> 01:29:41.060
you feel better about things and justify your
2230
01:29:41.060 --> 01:29:43.880
actions. I think I said this last, last
2231
01:29:43.880 --> 01:29:48.680
Wednesday, like, the truth is hard and uncomfortable.
2232
01:29:48.680 --> 01:29:54.140
But like, look, he's a fucking comedian. What's
2233
01:29:54.140 --> 01:29:57.640
your, a fucking problem. Like, they hired a
2234
01:29:57.640 --> 01:29:59.500
comedian. Don't forget, SNL already fired him once.
2235
01:29:59.500 --> 01:30:00.200
They fired them. They fired them. They keep
2236
01:30:00.200 --> 01:30:01.820
bringing them back. They kicked them all. He's
2237
01:30:01.820 --> 01:30:05.420
hilarious dude. His delivery is incredible. Like, it's
2238
01:30:05.420 --> 01:30:07.300
amazing. I think there's also a thing where
2239
01:30:07.300 --> 01:30:12.160
it's like, okay, like, fat women are allowed
2240
01:30:12.160 --> 01:30:17.540
to call Sidney a whore. Yeah. But fat
2241
01:30:17.540 --> 01:30:20.180
guys are not allowed to call women whores.
2242
01:30:20.180 --> 01:30:22.560
Yo, let's go. We are on a role
2243
01:30:22.560 --> 01:30:24.140
here. I think that's what it comes down
2244
01:30:24.140 --> 01:30:25.680
to. who there. I don't know what that
2245
01:30:25.680 --> 01:30:29.280
says. But also, I think, like, who's actually
2246
01:30:29.280 --> 01:30:32.240
getting offended by this? Like, who's actually? Oh,
2247
01:30:32.240 --> 01:30:34.260
people are. That's the thing. We forget that
2248
01:30:34.260 --> 01:30:38.440
people actually are. But he's a comedian. Like,
2249
01:30:38.440 --> 01:30:40.840
if you can't make joke, like, jokes should
2250
01:30:40.840 --> 01:30:43.520
make people uncomfortable. They don't make people uncomfortable.
2251
01:30:43.520 --> 01:30:48.320
They're not good jokes. Here's the thing. The
2252
01:30:48.320 --> 01:30:52.700
conversation. Oh, God, do I say it? Yes,
2253
01:30:52.700 --> 01:30:54.800
because they're not watching. Okay. We've both said
2254
01:30:54.800 --> 01:30:56.640
some things here. Yeah, no, okay. No, no,
2255
01:30:56.640 --> 01:30:58.420
I'm just, I have a family member. I
2256
01:30:58.420 --> 01:31:00.060
haven't said anything. I've stayed in facts and
2257
01:31:00.060 --> 01:31:02.560
truth. I just spoke to a family member
2258
01:31:02.560 --> 01:31:06.720
that was quite pissed about the Shane Gillis
2259
01:31:06.720 --> 01:31:10.580
monologue. And, and I was like, come on.
2260
01:31:10.580 --> 01:31:12.280
Like, it was, it's a joke. How does
2261
01:31:12.280 --> 01:31:15.160
she dress? Well, and the whole thing was
2262
01:31:15.160 --> 01:31:18.000
said in a manner of self -deprecation, right?
2263
01:31:18.000 --> 01:31:19.480
The whole time he's like, I'm fat and
2264
01:31:19.480 --> 01:31:22.960
disgusting. And there's all these, like, hot women
2265
01:31:22.960 --> 01:31:27.060
dressed. in basically nothing and he's like, I'm
2266
01:31:27.060 --> 01:31:30.220
like, oh, looking around like an idiot trying
2267
01:31:30.220 --> 01:31:32.620
to overt eyes and he's joking about being
2268
01:31:32.620 --> 01:31:34.520
in TikToks. I was like, do you, do
2269
01:31:34.520 --> 01:31:36.540
you actually think like he's in the background
2270
01:31:36.540 --> 01:31:40.720
like, ugh? And the argument was, it's him
2271
01:31:40.720 --> 01:31:45.800
saying the joke is basically like, like, a
2272
01:31:45.800 --> 01:31:51.080
thread away from, you know, Cornell rape. Oh
2273
01:31:51.080 --> 01:31:54.040
my God. It was like, that's next. And
2274
01:31:54.040 --> 01:31:56.900
I was like, but it's not. Words are
2275
01:31:56.900 --> 01:32:00.540
not violence. Jokes are not rape. Like, we
2276
01:32:00.540 --> 01:32:02.920
need to, we need to separate these things.
2277
01:32:02.920 --> 01:32:05.920
Like, there are actions that are crimes, and
2278
01:32:05.920 --> 01:32:09.160
then there are jokes. Or there's even just
2279
01:32:09.160 --> 01:32:12.600
things said that are mean or that make
2280
01:32:12.600 --> 01:32:16.000
you upset. Those are not the same as
2281
01:32:16.000 --> 01:32:19.560
literal crimes. And somewhere along the way, we
2282
01:32:19.560 --> 01:32:22.300
lost the plot where those things. things got
2283
01:32:22.300 --> 01:32:26.100
conflated. It's different if you rile up a
2284
01:32:26.100 --> 01:32:28.380
mob and tell, we're all going to go
2285
01:32:28.380 --> 01:32:31.480
kill this person and whatever. But it's like,
2286
01:32:31.480 --> 01:32:33.840
at what point was, is it that a
2287
01:32:33.840 --> 01:32:37.260
hired comedian being like, oh, geez, like, everybody's
2288
01:32:37.260 --> 01:32:38.920
naked at the gym and I don't know
2289
01:32:38.920 --> 01:32:40.760
where to look and I'm a fat creep.
2290
01:32:40.760 --> 01:32:42.220
They are. They are. They are naked at
2291
01:32:42.220 --> 01:32:44.660
the gym. They are. They are. They're everywhere
2292
01:32:44.660 --> 01:32:46.260
you look. You have to spend your whole
2293
01:32:46.260 --> 01:32:48.940
workout counting your fucking toes because if you
2294
01:32:48.940 --> 01:32:51.060
look up, someone's going to call you a
2295
01:32:51.060 --> 01:32:53.720
fucking creep or something. I mean, not me,
2296
01:32:53.720 --> 01:32:55.320
but some guy who looks up will be
2297
01:32:55.320 --> 01:32:57.200
called a creep. Like, this is the way,
2298
01:32:57.200 --> 01:32:58.860
this is the way it goes at the
2299
01:32:58.860 --> 01:33:00.380
gym. And by the way, this is the
2300
01:33:00.380 --> 01:33:02.000
other side of the story, okay? Not to
2301
01:33:02.000 --> 01:33:04.040
my own horn here, but no one at
2302
01:33:04.040 --> 01:33:05.660
the gym, if I get caught looking is
2303
01:33:05.660 --> 01:33:06.900
going to be like, this guy's a fucking
2304
01:33:06.900 --> 01:33:08.620
creep. But what about the guy who's like
2305
01:33:08.620 --> 01:33:11.520
not in shape? He's not like, you know,
2306
01:33:11.520 --> 01:33:13.520
part of the most handsome podcast on earth.
2307
01:33:13.520 --> 01:33:15.500
Like, that guy winds up in a fucking
2308
01:33:15.500 --> 01:33:17.920
TikTok and his life is fucking ruined for
2309
01:33:17.920 --> 01:33:19.520
six months. If not longer, he can't go
2310
01:33:19.520 --> 01:33:21.740
back to that gym. You know what, though?
2311
01:33:21.740 --> 01:33:24.680
You know what, though? Not anymore. Not anymore.
2312
01:33:24.680 --> 01:33:26.560
This is, I think this shit is done.
2313
01:33:26.560 --> 01:33:29.960
I think cancel culture is on its last
2314
01:33:29.960 --> 01:33:33.740
death. It's on his last gasping breaths. It's
2315
01:33:33.740 --> 01:33:35.840
trying to suck in air like a dying
2316
01:33:35.840 --> 01:33:38.400
pig right now. And it's just, it's not
2317
01:33:38.400 --> 01:33:41.140
going to make it. Shane Gillis, he's not
2318
01:33:41.140 --> 01:33:42.800
going to be fucking canceled. He's going to
2319
01:33:42.800 --> 01:33:44.940
put out another comedy special and it's going
2320
01:33:44.940 --> 01:33:47.580
to absolutely rip. Then he's going to be
2321
01:33:47.580 --> 01:33:51.180
invited back for another fucking monologue. And the
2322
01:33:51.180 --> 01:33:53.620
other thing, the Sydney -Sweeney thing, again, everybody's
2323
01:33:53.620 --> 01:33:55.780
mad about Sydney -Sweeney last month. She's like,
2324
01:33:55.780 --> 01:33:58.780
yeah, here's the tits out again. Like, I'm
2325
01:33:58.780 --> 01:34:01.700
making bank on this thing. And you guys
2326
01:34:01.700 --> 01:34:04.100
are just, you're trumpeting it, and it's getting
2327
01:34:04.100 --> 01:34:06.100
me more money. And the last thing I'll
2328
01:34:06.100 --> 01:34:09.080
say to say that we're so back is
2329
01:34:09.080 --> 01:34:13.860
Baywatch returns next January. Here we fucking are.
2330
01:34:13.860 --> 01:34:16.160
It's January. Yeah, that's back. The new Baywatch
2331
01:34:16.160 --> 01:34:18.620
comes back on Fox, of course. Love is
2332
01:34:18.620 --> 01:34:20.080
blind is out tonight. If you want to
2333
01:34:20.080 --> 01:34:22.500
see, like, the current state of affairs, like,
2334
01:34:22.500 --> 01:34:23.380
that, that's a good show to watch. None
2335
01:34:23.380 --> 01:34:25.280
of those are fucking watching Love is blind.
2336
01:34:25.280 --> 01:34:26.360
You guys are missing out. Why don't you
2337
01:34:26.360 --> 01:34:27.900
go watch Love is blind and buy some
2338
01:34:27.900 --> 01:34:30.400
STRC, Joey. You guys are missing out. You're
2339
01:34:30.400 --> 01:34:32.680
missing out. Get in that. No, but, okay,
2340
01:34:32.680 --> 01:34:33.560
I want to backtrack to a little bit
2341
01:34:33.560 --> 01:34:36.000
here. Because Walker, they stumbled upon something like
2342
01:34:36.000 --> 01:34:38.340
this is very big, very big, very important
2343
01:34:38.340 --> 01:34:39.740
here. You got one minute. Because you're right,
2344
01:34:39.740 --> 01:34:41.560
because it's not, it's never the thing that
2345
01:34:41.560 --> 01:34:43.800
everybody knows that actually cuts deep, right? It's
2346
01:34:43.800 --> 01:34:45.120
the thing that you're not supposed to know
2347
01:34:45.120 --> 01:34:46.820
where he doesn't pick up on. So, like,
2348
01:34:46.820 --> 01:34:48.180
for example, if I'm going, there's like a
2349
01:34:48.180 --> 01:34:50.560
big, big 400 -pound guy walking down the
2350
01:34:50.560 --> 01:34:52.060
street and I call him fat. It's not
2351
01:34:52.060 --> 01:34:54.540
going to offend them at all, right? But
2352
01:34:54.540 --> 01:34:55.760
if I could find that one thing, I
2353
01:34:55.760 --> 01:34:57.240
think he's trying to hide that he's not
2354
01:34:57.240 --> 01:34:59.280
trying to show, that's where it actually stings
2355
01:34:59.280 --> 01:35:00.680
a little bit here. And what you're seeing
2356
01:35:00.680 --> 01:35:02.680
is a reflection of all those women getting
2357
01:35:02.680 --> 01:35:05.460
pissed off are well aware that they're dressing
2358
01:35:05.460 --> 01:35:07.420
up as horrors, but Shane is giving away
2359
01:35:07.420 --> 01:35:09.560
the game. They're giving away. They're desperate for
2360
01:35:09.560 --> 01:35:11.700
the attention. It's all mids, too. It's left
2361
01:35:11.700 --> 01:35:14.600
-curve males on intelligence, left -curve women on
2362
01:35:14.600 --> 01:35:17.000
terms of attractiveness. Because the hot girls will
2363
01:35:17.000 --> 01:35:19.920
tell you just how it is and they
2364
01:35:19.920 --> 01:35:21.980
know that it's powerful and that they use
2365
01:35:21.980 --> 01:35:24.140
it as a manipulative tactic but the other
2366
01:35:24.140 --> 01:35:25.420
ones don't want to they want to play
2367
01:35:25.420 --> 01:35:27.180
coy play play innocence right they use their
2368
01:35:27.180 --> 01:35:28.560
innocence almost as like a weapon at this
2369
01:35:28.560 --> 01:35:30.760
point in time and the big one seven
2370
01:35:30.760 --> 01:35:33.660
deadly sins and we got uh pride greed
2371
01:35:33.660 --> 01:35:36.520
lust gluttony rat sloth and the other one
2372
01:35:36.520 --> 01:35:38.440
i have look at the screen for the
2373
01:35:38.440 --> 01:35:42.500
envy the ones that feel uncomfortable but refuse
2374
01:35:42.500 --> 01:35:44.200
to admit it from the hot girls at
2375
01:35:44.200 --> 01:35:45.920
the gym are the girls that don't feel
2376
01:35:45.920 --> 01:35:47.400
like they can keep up because they know
2377
01:35:47.400 --> 01:35:49.000
how much power that gives that girl. They
2378
01:35:49.000 --> 01:35:51.240
know how much influence your hair short, babe.
2379
01:35:51.240 --> 01:35:53.460
Cut your hair short. That's exactly right. It's
2380
01:35:53.460 --> 01:35:56.420
the same bullshit. Oh, God. We all know
2381
01:35:56.420 --> 01:35:58.460
that you're dressing like a whore. Shea knows
2382
01:35:58.460 --> 01:36:00.240
that you're dressing like a whore. Some of
2383
01:36:00.240 --> 01:36:01.560
them are leaning into it and going, I'm
2384
01:36:01.560 --> 01:36:02.780
going to get myself a fit strong dude
2385
01:36:02.780 --> 01:36:03.700
and this is what I'm doing for. And
2386
01:36:03.700 --> 01:36:04.980
I like how it makes me feel. I
2387
01:36:04.980 --> 01:36:07.020
like my free drinks. Fine, get your free
2388
01:36:07.020 --> 01:36:09.580
drinks. There's no problem with that voluntary consenting
2389
01:36:09.580 --> 01:36:11.660
adults. But your envy over the girl that
2390
01:36:11.660 --> 01:36:13.720
can get free drinks because you're 35 with
2391
01:36:13.720 --> 01:36:16.380
cats and nobody wants you. Fuck off. Damn,
2392
01:36:16.380 --> 01:36:18.100
bro. Guys do the same thing. Guys do
2393
01:36:18.100 --> 01:36:19.560
the same thing. They show up to the
2394
01:36:19.560 --> 01:36:21.740
gym. They've got their big fucking sweater on.
2395
01:36:21.740 --> 01:36:22.920
And then you get a pump going, you're
2396
01:36:22.920 --> 01:36:23.940
like, yeah, I'm going to peel this shit
2397
01:36:23.940 --> 01:36:27.600
off and show up. Obviously, that's the thing.
2398
01:36:27.600 --> 01:36:29.740
And I don't, I'm not. That's what Ben,
2399
01:36:29.740 --> 01:36:32.400
Ben's describing what he does. Yeah, just what
2400
01:36:32.400 --> 01:36:34.300
I do. I don't even bother with the
2401
01:36:34.300 --> 01:36:37.540
pump cover though. I just let's just go.
2402
01:36:37.540 --> 01:36:38.800
Let's just go. I don't I don't give
2403
01:36:38.800 --> 01:36:40.740
a shit. Like it's, of course, of course
2404
01:36:40.740 --> 01:36:42.440
you're in there. Like, yeah, part of it
2405
01:36:42.440 --> 01:36:43.960
is you're going to get sweaty and gross
2406
01:36:43.960 --> 01:36:45.160
and I don't want to sweat through like
2407
01:36:45.160 --> 01:36:46.920
my armpits on my t -shirt. The other
2408
01:36:46.920 --> 01:36:50.000
part is like, I'm happy. that I've gotten
2409
01:36:50.000 --> 01:36:52.660
into shape and I feel good about it
2410
01:36:52.660 --> 01:36:54.000
and so I'm going to be at the
2411
01:36:54.000 --> 01:36:57.340
gym lifting weights. Ben is a gym. Everybody
2412
01:36:57.340 --> 01:36:58.760
look at me. Ben dresses like a whore
2413
01:36:58.760 --> 01:37:00.560
at the gym, you know? It's okay. He
2414
01:37:00.560 --> 01:37:02.440
does. No, no, he does. The thing is
2415
01:37:02.440 --> 01:37:04.700
that people at the, people at the gym,
2416
01:37:04.700 --> 01:37:06.560
like most people at the gym actually just
2417
01:37:06.560 --> 01:37:09.280
don't care about any of this stuff. Like,
2418
01:37:09.280 --> 01:37:11.560
you know, it never crosses, much the same
2419
01:37:11.560 --> 01:37:13.680
way as people are like, oh, you're, you're
2420
01:37:13.680 --> 01:37:16.020
like taking pictures of yourself at the gym.
2421
01:37:16.020 --> 01:37:18.040
A lot of people do that. you know
2422
01:37:18.040 --> 01:37:20.900
you're posting on social media it's not it's
2423
01:37:20.900 --> 01:37:22.540
only weird in so far as like the
2424
01:37:22.540 --> 01:37:24.980
culture outside the gym is not caught up
2425
01:37:24.980 --> 01:37:27.900
yeah okay we got we got to wrap
2426
01:37:27.900 --> 01:37:30.440
here we're out everybody go uh set a
2427
01:37:30.440 --> 01:37:33.120
reminder for bay watch in january uh okay
2428
01:37:33.120 --> 01:37:35.260
thank you guys drop a like give a
2429
01:37:35.260 --> 01:37:37.260
share i'm ben this is nathan walker and
2430
01:37:37.260 --> 01:37:42.300
joey and this was bitcast you know the
2431
01:37:42.300 --> 01:37:45.320
world is heading down a dark path online
2432
01:37:45.320 --> 01:37:48.600
censorship central bank digital currencies, a complete loss
2433
01:37:48.600 --> 01:37:51.800
of privacy, and it's only accelerated. Most people
2434
01:37:51.800 --> 01:37:54.380
are falling behind with the latest technology, and
2435
01:37:54.380 --> 01:37:56.980
those that aren't are sacrificing their data, their
2436
01:37:56.980 --> 01:38:00.960
control, and their dignity just to keep up.
2437
01:38:00.960 --> 01:38:03.460
That doesn't have to be you. Here, you'll
2438
01:38:03.460 --> 01:38:05.960
have everything you need to break free. Over
2439
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the past decade, I've helped 20 million people
2440
01:38:08.600 --> 01:38:10.880
take control of their money, their data, and
2441
01:38:10.880 --> 01:38:13.660
their digital lives. Now I'm bringing everything I've
2442
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learned to one place. Sovereign Sessions is your
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Each week, I'll walk you through step by
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2448
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