Blood Flood

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NOTE
Transcription provided by Podhome.fm
Created: 7/5/2024 6:04:29 PM
Duration: 4277.891
Channels: 1
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Good morning. This is David Bennett, and this is Bitcoin and, a podcast where I try to find the edge effect between the worlds of Bitcoin, gaming, permaculture,
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podcasting, and education to gain a better understanding of all. Edge effect is a concept from ecology describing a greater diversity of life where the edges of 2 systems overlap. While species from either system can be found at the edge, it is important to note there are species in the overlap that exist in neither system, and that is what I seek to uncover. Uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems.
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It is 9:30 AM Pacific Daylight Time. It is the day after independence day in the United States, 5th
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July 2024.
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And this is episode 918
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of Bitcoin, and my cat is back.
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My cat went on a little kitty adventure.
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And it's kinda
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poignant enough that I wanna spend just a few,
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couple of minutes this morning
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kinda going
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off on what actually occurred
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a couple of weeks ago. My favorite cat. Not just any cat. I mean, I got I got 3 cats. And I love them all. Don't get me wrong.
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This particular cat.
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Love this cat. I don't know why. It's just 1 of those things.
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In order for a cat to be a cat, you kinda got to let a cat do what a cat wants to do. And this particular cat
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wants to go outside.
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The other cats, not so much.
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Also,
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I've never had a cat that would hold a collar. Every time we put a collar on a cat within a couple of days, that collar is just gone. We can't even find it. Right?
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So the only other option is chipping a cat,
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which I'm kinda loathed to do,
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but I would rather chip a animal than than a human being. But that's aside. So I got a cat,
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favorite cat. It's a rescue kitty, founded in Canyon as
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a itty bitty kit kitten.
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Totally not weaned at this point,
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Except that its face was
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her face was just crusted
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with tears. You know, like the she's just
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her her tear ducts just go on and on and on. And that shit continues to this day. But when she was a kitten, it looked like her mother abandoned her because she probably had some kind of disease. And it turns out that that she does, but it's not life threatening.
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It's feline herpes virus.
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H h was it?
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F f h v. Yeah. F h e. She's got herpes,
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but it's not life threatening. It's not contagious.
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It happens.
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I had her took her to the vet when we were getting her cleaned up. We saved her life. We bottle fed her fed her. I mean, the whole 9, dude. We got the fleas off of her. She was gonna die. This cat was gonna die.
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So, you know, we fast forward to a couple of weeks ago when she had been going outside.
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I'm good with that, kinda,
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except that 1 day she just disappears.
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Not not a hair to be seen.
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And stayed gone. Now usually after about a week and a half, I just completely give up hope. I put posted to Facebook,
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called the animal control to see if they'd picked up any cats. You know, you you do the standard stuff, but after about a week and a half, chances of you getting your animal back are are really really slim. Alright. So
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I finally get an email from the Facebook post that I put up on the, you know, the,
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area wide Facebook for,
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group for lost and found pets.
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Sure enough, this guy emails me and says, think you got your cat. Sent me pictures, and I'm like, yep. That's my cat.
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So I say, okay,
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you know, where where are you at? And,
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or or bring the cat over or I'll come over to you, whatever.
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He goes, I'll I'll be over in a minute. So I I, you know, I I give him the address. And we you know, I I figured that we live pretty close. We're, you know,
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fairly, you know,
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not too terribly of a distance away from each other.
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I go outside just waiting for the dude, you know, having a having a cup of coffee. And I noticed these 2 this couple,
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coming across the street.
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They were our neighbors,
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Like, 3 houses down and across the street.
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And I was like, what
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I go, what's you know, what's going on? I'm not mad. I'm just happy to see my cat.
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It turns out
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that my cat had visited their yard a couple of times.
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And on the 3rd time that my cat visited their yard because she's outside cats roam
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they decide to take her to the vet
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see if she's got a chip okay well that's that's cool
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when they found out that she didn't have a chip
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they boarded her they put her in a kennel at the vet
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for over a week while they went on a honeymoon.
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So they had just found a cat. Let's just not even let's forget the fact
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that it's my cat, that I've lost this cat. They have no idea that it's anybody's cat. They just find this cat. They take it to the vet after a couple times seeing it in their yard. And then instead of taking it home and nurturing it or doing whatever, they shove it in a kennel to go on their Hawaiian honeymoon for like a week.
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So
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they give me my cat back.
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I'm not even going to ask them. You know, I'm really kind of steamed at this point.
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Yeah. I should be more mad. I'm really polite to them. I'm very thankful. All I give a shit is about having my cat back.
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But at great
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financial expense,
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especially during these times now with the with inflation the way it is, it's we've gotta be looking at a $700
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bill, minimum, from the vet visit
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to putting her in a kennel
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and all that stuff because then, like, you got for I think bordetella
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is also a thing with cats, so they gotta be vaccinated on that before they get
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before they get boarded up.
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Gotta be gotta be expensive. I'm not even gonna ask to help. I'm like, I didn't ask for this. I didn't ask for you to take my cat because
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my cat just happens to be outside and is roaming around doing what cats do for you to
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wrongfully imprison my cat for a week.
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And then now now
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she's, like, literally has taken an entire day
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to put herself back together, figure out where she was. I mean, it was weird. She was acting really strange.
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She's calmed down, but man so the lesson of the story is this.
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If you see an adult cat, not a kitten,
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If you find an adult cat on your property
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and it doesn't have a collar
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and it's really, really sweet and comes up and it's purring and you're petting it and it's, like, really easy with you and it's not attacking you,
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that's somebody's
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pet.
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It is either lost or it belongs to 1 of your neighbors.
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So here's what you don't do.
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You don't see the cat, and on the 3rd occasion of seeing the cat, take it to a vet and then board it so that you can go on your honeymoon.
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So that you can traumatize the cat, keep her away from all of her little kitty friends, her little doggy friend, and her family
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for over a week
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at and then pay $700
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for for
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it's ridiculous.
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I I don't even know what to say about this. It it's like,
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I mean, I get that they're a young couple, but
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honestly,
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even I've known this for years.
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If the cat is friendly
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then it's somebody's pet
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if it's lost
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you take it you you either you call animal control you call like some vets you find out if somebody's looking for it you put on you then you go to the Facebook groups nowadays
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but you don't just automatically shove it in a kennel so that you can go on your honeymoon.
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I
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mean, it's it's it's shitcoin behavior.
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This This is why we have shitcoinery and why we can't have nice things.
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Unlike what we have in the Circle P, Circle P is open for business. And today, as usual, for the entirety of the week has been Sheeshi 21m
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bringing you the hot conferee route. That's right. You can get conferee route. And if you wanna know why you want this route, you're gonna wanna listen to episode 726
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of Bitcoin. And there will be
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a link to the fountain
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show or episode right down in the show notes. Please go listen to it. I do an entire show
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just on why you want comfrey so that I don't have to go into it here. But the what I will say is that you're buying this route not for a 1 time deal, like you're gonna grind it up and do medicine or do all the wonder other wonderful things that you do with it. No. You're using this. It's a live route. You will plant it where you want it to go. It will stay there forever. It is perennial. It will never die. And it also won't spread. And it's medicine, it's compost, it's mulch, it does all these wonderful things.
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If you wanna learn more,
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episode 726 of Bitcoin and,
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she she 21m@protonmail.com.
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S h I s h I, the numbers 21, letter m@protonmail.com
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to order a full root which will sprout almost instantaneously
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after you plant it for $20. Or you can get root cuttings which will take a little longer to sprout,
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sometimes as long as 7 weeks.
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Most of them will come up within a week to 2 weeks. Those are a buck a piece. You'll pay shipping. Make sure you tell shi shi21m@protonmail.com
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that I sent you from the circle p, and he will get me
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some satoshis back on the backside for making them a sale.
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Let's move on into
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the news.
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And we've got some,
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and we're going to start with clearly,
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some of the chicanery that occurred yesterday on
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on Independence Day.
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Mount Gox
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began repayments in Bitcoin
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and
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Bitcoin Cash. And this is what was 1 of the issues going on yesterday
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that caused
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gigantic declines in price. And it's brought to you by Cointelegraph Josh O'Sullivan is writing. Mt. Gox,
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the collapsed crypto exchange, has begun repaying its debts in Bitcoin and Bitcoin Cash.
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Repayments are being made to some rehabilitation
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creditors
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via designated crypto exchanges per its rehabilitation plan, according to a Twitter post by the Mt. Gox balance bot account.
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The total Bitcoin balance
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on all known addresses of the Mt. Gox trustee is 94, 457
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BTC
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with 47, 288
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being moved from these addresses
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since.
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The repayments
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to the remaining rehabilitation creditors will be promptly made after multiple conditions have been met.
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These conditions
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include confirming account validity
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and the creditors' acceptance of the intent to subscribe
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to the agency receipt agreement by designated crypto exchanges in addition to assuring repayments
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being made safely and securely.
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Discussions regarding repayment procedures between the rehabilitation
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trustee
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and the exchanges must also be completed.
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Mt. Gox was founded in 2010 by Jeb McCaleb
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and was 1 of the largest BTC exchanges handling
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70%
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of all global BTC transact transactions at its peak. And McCaleb sold that son of a bitch to Mark Carpelis in 2011.
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He, Jeb McCaleb, started it and sold it within a year.
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I didn't realize it was that quick. I I I thought Jeb had that thing a little bit longer than that. But, whatever.
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In early
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2014, the exchange
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suspended all BTC withdrawal, citing technical issues, but later it revealed that approximately
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850, 000 BTC was lost
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due to a long standing security breach.
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After filing for bankruptcy in February of 2014 with liabilities
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far outweighing its assets,
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the case shifted to civil rehabilitation in 2018, and Carpelles was convicted
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of falsifying financial records in 2019.
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According to several Reddit posts and users,
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BTC
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and Bitcoin Cash
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have begun to be repaid and credited to exchanges.
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Quote, on July 5,
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2024,
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the rehabilitation
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trustee made a blockchain transfer
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of the BTC
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slash BCH amounts repayable to you as the base repayment
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and the early lump sum repayment
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or the intermediate
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repayment in quote, and that was from a post on Reddit.
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That Reddit post details that the email or details the email received by Mt. Gox
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with Mt. Gox Co.
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Limited as the rehabilitation
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debtor and Nobuyaki
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Kobayashi,
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attorney at law, as the rehabilitation
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trustee.
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Okay. So
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we knew that that was coming,
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and we knew
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earlier
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yesterday,
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right as the debacle with the red candles was happening,
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that these coins had been moved.
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But now it looks like there has actually been repayment,
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direct transfer
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of some of this BCH,
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BTC
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stuff directly to the creditors that have been waiting patiently for over 10 years
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to get their money back. Now we've discussed this before.
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That whether or not these guys were going to instantly sell. And it's not clear to me that these guys are actually selling their BTC
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it would seem to be the is a good assumption that a lot of them are but that begs the question why didn't they just punch out 5 years ago when they could have just sold it to a 3rd party for like I can't remember what it was 70¢ on the dollar?
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And a lot of people did at that time.
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And we had the holdouts. And we were thinking that maybe the holdouts weren't you know since they they actually wanted the BTC instead of taking the 70 or 60¢ on the dollar or whatever the hell that that settlement was going to be. But
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what we what's unclear,
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at least right now, and and while I'm doing this, a a new story may have broken
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that proves that, yes, people are actually selling this BTC.
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I don't know if they actually are.
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1 people looked like they got real squirrely when they saw that 47, 000 BTC
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move from the Mt. Gox wallet, and that's really when the fireworks show started.
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And then I had to wait till 10 PM before the actual fireworks
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in, you know, the nearest city, started lighting up, which was actually a really nice, it was a very nice
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4th July celebration
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yesterday. It's too bad that it was tempered with a bunch of paperhand idiots,
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selling out their futures.
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But 1 of the other things about the story that is kinda disturbing, and they're not making it clear, so I may simply be getting this wrong,
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is
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they start started saying
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they they said that repayments are being made to some
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rehabilitation
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creditors
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via designated crypto exchanges.
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Some,
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but not all.
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Now, later,
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they start talking about, you know, that there's,
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that some people need to sign some of those. Let me,
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look at it.
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Okay.
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Repayments to the remaining
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creditors
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will be probably made after after after after multiple conditions have been met.
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So were they were these people are these people that have not been paid yet
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simply laggards
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or what we're see, what what I'm getting at is that there's something that worries me.
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What worries me here is that some people got preferential treatment and were able to get their coins out of Mount Gox before anybody else did
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so that they could sell. Because if everybody got all their coins all at once and they all sold,
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then it would be even
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worse red candles.
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So who got preferential treatment
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if that is in fact the case? And I I I don't know.
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Gut feeling,
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this
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story
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from Cointelegraph
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needs to be,
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there needs to be a lot more detail
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for me to be sure
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whether or not it is the case that the Mt. Gox trustee
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did in fact choose certain people over other certain people to give the coins to first.
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If if it's the case that it was preferential treatment,
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then we're just back in fiat land.
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I mean, and nobody's learned nobody's learned their lesson.
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Right. So
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and it dawned on me yesterday as this was going on.
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Let's say that, you know, that it wasn't just Germany because Germany added, you know, fuel to the fire yesterday as well because they moved yet another,
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I don't know, $75, 000, 000
267
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worth of of Bitcoin over to the exchanges at the same time that this bullshit was going on with Mt. Gox.
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It dawned on me
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after reading a couple of tweets that people the great guts and and and feathers of of people and this is gonna be really hurtful to hear.
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Most people are fucking stupid.
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I wish that wasn't the case. I really do.
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But
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it became painfully evident
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that as Bitcoin was losing its price holds,
275
00:18:32.225 --> 00:18:33.605
shitcoins were getting
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absolutely
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annihilated.
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15%,
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20%,
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25%
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down.
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We were looking at 5% to 6% down and it was painful.
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25% down especially when you're holding a bag of doge or whatever shit coin of which there are 1, 000 of
284
00:18:53.250 --> 00:18:56.150
they were all losing their ass.
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And it immediately became apparent to me that
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the next day, and this is like I'm looking at my phone last night,
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and
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and I realized that today they're going to start buying those altcoins and shitcoins back.
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And then
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a really disturbing thought hit me.
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That this is how you get people like Bill Gates.
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This is how you get people like, I don't know, maybe Warren Buffett. I'm not sure. But think of like like, I don't know, Larry Summers.
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And what I'm getting at is people that we generally or Klaus Schwab.
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Right? Or that that,
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Burgermeistermeister
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burger over there at BIS. This is how we get these kinds of people that really don't have
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00:19:39.945 --> 00:19:44.205
a problem. Elizabeth Warren really don't have a problem stealing money
298
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from people. Because I think what's happening is that when these people these people like start out like normal humans and then 1 day they figure out that most of the people on this planet are fucking stupid
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and that
300
00:19:58.635 --> 00:20:03.690
then they say it is my moral obligation to take as much money from these stupid
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hairless apes that have the bad fortune of falling out of the tree
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00:20:09.605 --> 00:20:14.265
as fast as I possibly can, a moral obligation to steal their money
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00:20:14.565 --> 00:20:17.145
because stupid people should not have things.
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It's as disturbing a thought as I've had in a very long time. And it wasn't just because I you know, I was yeah. I'm sure a little upset when when price action looks like this.
305
00:20:28.855 --> 00:20:30.155
But it is just
306
00:20:30.615 --> 00:20:32.635
cycle after cycle after cycle
307
00:20:33.255 --> 00:20:35.515
where the shit coins get completely
308
00:20:36.055 --> 00:20:36.955
blown out
309
00:20:37.750 --> 00:20:41.450
and yet people come right back in to lose yet more money
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in the future
311
00:20:43.670 --> 00:20:47.635
and it's almost as if I felt that that that poll that said,
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you should just you should just be an unethical son of a bitch because now you have a moral obligation.
313
00:20:54.020 --> 00:20:57.880
Not an ethical obligation to keep them safe. A moral obligation
314
00:20:58.500 --> 00:21:07.335
to lift as much of their money off of them as humanly possible, as quick as you possibly can, because they're just going to lose it to somebody else anyway.
315
00:21:08.195 --> 00:21:09.895
Why not lose it to you?
316
00:21:10.890 --> 00:21:16.030
I don't like that. I really don't. It's a disturbing thought. I don't like it. It's dark.
317
00:21:16.410 --> 00:21:18.510
But I guarantee you,
318
00:21:19.525 --> 00:21:25.065
that's how we get some of the people that we don't like anymore. That's why they seem so aloof.
319
00:21:25.445 --> 00:21:27.865
That's why they don't look like they care.
320
00:21:28.165 --> 00:21:28.905
They don't.
321
00:21:29.510 --> 00:21:30.250
They're done.
322
00:21:30.870 --> 00:21:32.010
They're done caring.
323
00:21:32.470 --> 00:21:47.510
They don't give a shit anymore. They probably tried to help people when they were 10, when they were in their teens, maybe when their early twenties. And they finally just said, you know what? These people are just dumb. They're going to lose their money or they're going to lose their property no matter what the hell I do.
324
00:21:48.530 --> 00:21:50.950
So they might as well lose it to me. And boom,
325
00:21:51.425 --> 00:21:55.845
bill gates is born let's move on out of that darkness but
326
00:21:56.785 --> 00:21:57.605
mount Gox
327
00:21:57.985 --> 00:21:58.770
has moved
328
00:22:07.695 --> 00:22:10.675
Tom Mitchell Hill is talking about it from Cointelegraph.
329
00:22:12.495 --> 00:22:15.395
The collapse Japanese crypto exchange Mt. Gox transferred
330
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47, 229
331
00:22:17.900 --> 00:22:18.400
Bitcoin
332
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worth $2, 710, 000, 000
333
00:22:21.580 --> 00:22:22.480
at current prices
334
00:22:23.065 --> 00:22:26.045
to a new wallet address in its first major transaction
335
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since May. So, sleeping giant here. Sleeping giant syndrome where we forget something exists and then all of a sudden a whole mountain moves and you're like oh shit! So, according to blockchain analytics,
336
00:22:39.835 --> 00:22:42.895
the exchange transferred the bitcoin at 12:30
337
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am UTC
338
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on July 5th
339
00:22:47.250 --> 00:22:48.630
from cold storage.
340
00:22:49.090 --> 00:22:52.230
The movement comes amid the exchanges scheduled plan
341
00:22:52.610 --> 00:22:55.605
to repay creditors in July. A total of $8, 500, 000, 000
342
00:22:56.625 --> 00:22:59.285
worth of Bitcoin is slated to be paid back to creditors.
343
00:22:59.985 --> 00:23:00.725
At 4:15
344
00:23:01.105 --> 00:23:01.605
am
345
00:23:01.985 --> 00:23:02.485
UTC,
346
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July 5th, Mt. Gox moved 1, 541
347
00:23:06.770 --> 00:23:10.390
BTC to the hot wallet of an exchange called BitBank,
348
00:23:10.770 --> 00:23:12.710
which is 1 of the crypto exchanges
349
00:23:13.045 --> 00:23:13.865
supporting the repayment
350
00:23:14.645 --> 00:23:20.345
process. They're using them as a third party, a sort of an arbiter to to make sure that the coins get
351
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to,
352
00:23:22.200 --> 00:23:23.740
the the the particular people involved.
353
00:23:24.200 --> 00:23:28.379
Mt. Gox informed the creditors that it had completed all the necessary steps
354
00:23:28.875 --> 00:23:35.375
to begin issuing repayments in July according to a June 24 statement from Mt. Gox trustee Nobuyaku
355
00:23:36.554 --> 00:23:39.370
Kobayashi. I cannot pronounce that name for the life of me.
356
00:23:39.750 --> 00:23:40.970
Several market commentators
357
00:23:41.429 --> 00:23:46.410
voiced concerns over the sheer volume of Bitcoin that could hit the market following Mt. Gox creditors
358
00:23:46.895 --> 00:23:51.075
selling their holdings, which have been inaccessible for more than 10 years. However,
359
00:23:51.775 --> 00:24:01.410
other analysts work to allay the fears of a massive sell off, saying the total amount of Bitcoin that stands to be dumped on the market is probably closer to the value of around $4, 500, 000, 000
360
00:24:03.855 --> 00:24:09.075
Galaxy Digital's head of research, Alex Thorne, suggested that many Mt. Gox Bitcoin
361
00:24:09.455 --> 00:24:12.195
huddlers might be more diamond handed than anticipated.
362
00:24:13.010 --> 00:24:19.750
He highlighted the potential adverse impact of capital gains taxes for those who wish to sell all of their BTC at once.
363
00:24:20.345 --> 00:24:22.684
On May 28th, Mt. Gox transferred nearly
364
00:24:23.545 --> 00:24:24.045
7.3.
365
00:24:24.425 --> 00:24:33.549
Now this is back in May. This is like remember that there was no movement with Mt. Gox since May? Well, this is the last movement before yesterday's bullshit.
366
00:24:34.250 --> 00:24:43.405
On May 28th, Mt. Gox transferred nearly 7, 300, 000, 000 worth of bitcoin to another unknown wallet address and the price of bitcoin dipped as much as 2% afterward
367
00:24:43.945 --> 00:24:48.529
because whale watching is is not healthy guys. But that's what this is, is whale watching.
368
00:24:48.830 --> 00:24:56.605
The price of Bitcoin fell sharply on July 4th before tumbling lower in the following hours. Yes, we all saw it, so we don't need any more of this.
369
00:24:57.065 --> 00:25:02.925
So there are the times and date stamps of when these movements from Mount Gox actually occurred.
370
00:25:03.429 --> 00:25:04.169
And again,
371
00:25:04.950 --> 00:25:07.690
I I still don't know if there's actual selling.
372
00:25:08.789 --> 00:25:12.970
I I really don't know. I don't I mean, I can't tell. I'm looking at charts.
373
00:25:13.335 --> 00:25:16.635
I'm not a TA guy, so I I can't really tell.
374
00:25:17.415 --> 00:25:23.429
But 1 of the things that I found very interesting through throughout all of yesterday is that fees
375
00:25:24.770 --> 00:25:29.830
stayed really low. I mean really low, like single digit low.
376
00:25:30.595 --> 00:25:40.970
Every time I looked at mempool it was 8 satoshis per v byte, 7 satoshis per v byte, 10, you know, get into the double digits. But I wasn't seeing anything like 55
377
00:25:41.430 --> 00:25:41.930
or
378
00:25:42.470 --> 00:25:42.970
405
379
00:25:43.750 --> 00:25:47.130
and it leads me to believe that all of this is just
380
00:25:47.915 --> 00:25:48.415
market
381
00:25:48.794 --> 00:25:49.294
psychology
382
00:25:49.674 --> 00:25:50.575
and sentiment
383
00:25:51.275 --> 00:25:54.495
coming into play rather than actual physical
384
00:25:54.955 --> 00:25:55.455
sales
385
00:25:56.100 --> 00:25:58.200
You understand what I'm trying to say there?
386
00:25:58.740 --> 00:26:02.760
Because if there was so much on chain tech, you know, so much on chain,
387
00:26:03.455 --> 00:26:08.195
then fees would have would have skyrocketed. I mean we don't have we don't have the 750
388
00:26:08.735 --> 00:26:09.395
you know
389
00:26:10.710 --> 00:26:11.210
exahash
390
00:26:11.510 --> 00:26:15.210
per second that we used to have we were sitting around 50550
391
00:26:16.870 --> 00:26:19.370
right it would have jammed up the mempool so
392
00:26:19.975 --> 00:26:20.475
either
393
00:26:21.015 --> 00:26:22.715
all of this is pure psychology
394
00:26:23.174 --> 00:26:25.515
or it's a combination of psychology
395
00:26:25.895 --> 00:26:27.755
as well as paper trading
396
00:26:29.410 --> 00:26:29.910
via
397
00:26:30.370 --> 00:26:33.510
eat all these exchanges you know excel spreadsheets
398
00:26:34.450 --> 00:26:35.830
which I don't like
399
00:26:36.195 --> 00:26:36.695
I
400
00:26:37.154 --> 00:26:39.735
I I I can't do anything about it, but I
401
00:26:40.515 --> 00:26:43.174
I would rather it not actually be that way.
402
00:26:43.929 --> 00:26:49.470
So let's get away from let's get away from the the happenings of Mount Gox and go over to Germany.
403
00:26:50.945 --> 00:26:54.644
Remember, Germany is part of this bullshit too and I told you yesterday
404
00:26:55.265 --> 00:26:56.485
that it's crap
405
00:26:57.184 --> 00:26:59.605
that all of this actually occurred
406
00:27:00.150 --> 00:27:10.005
while the United States markets were closed, which I sorry, but the United States market for Bitcoin is probably the largest market in the world right now
407
00:27:10.545 --> 00:27:12.485
after the BlackRock iShares
408
00:27:12.945 --> 00:27:13.925
spot Bitcoin,
409
00:27:14.465 --> 00:27:17.045
ETF came online along with the 10 other ones.
410
00:27:17.760 --> 00:27:24.419
And they were all closed. They couldn't do anything about it. And by the time the fat lady start stopped singing,
411
00:27:25.495 --> 00:27:27.275
there was nothing that they could do.
412
00:27:27.655 --> 00:27:30.955
They just had to sit there helplessly and watch,
413
00:27:31.495 --> 00:27:33.355
and Germany was part of it.
414
00:27:34.720 --> 00:27:36.660
But at least there's 1 person
415
00:27:37.520 --> 00:27:38.980
over in the German parliament
416
00:27:39.600 --> 00:27:40.820
that seems to be
417
00:27:41.184 --> 00:27:43.445
kinda pissed off about watching
418
00:27:43.985 --> 00:27:44.885
their citizenry's
419
00:27:45.505 --> 00:27:55.530
wealth be eviscerated by the very people that have been tasked to take care of them. German politician criticizes the government's Bitcoin sell off strategy, decrypt,
420
00:27:56.075 --> 00:27:57.375
written by Mertuah
421
00:27:57.995 --> 00:27:58.495
Merchant
422
00:27:59.755 --> 00:28:02.655
a pro bitcoin member of the German Bundenstag,
423
00:28:03.675 --> 00:28:04.175
Jona
424
00:28:05.040 --> 00:28:05.540
Kotar,
425
00:28:06.000 --> 00:28:10.100
has publicly criticized the government's decision to sell off its BTC holdings.
426
00:28:10.720 --> 00:28:15.635
Kotar's stance comes in the wake of 100 of 1, 000, 000 of dollars worth of Bitcoin
427
00:28:15.935 --> 00:28:19.715
being transferred from government wallets to exchanges and trading desks,
428
00:28:20.110 --> 00:28:23.410
signaling the commencement of a large scale liquidation process.
429
00:28:24.430 --> 00:28:27.250
Already today, the German government has transferred 547.44
430
00:28:28.590 --> 00:28:29.934
BTC worth approximately
431
00:28:30.635 --> 00:28:31.135
$30, 000, 000
432
00:28:31.835 --> 00:28:33.774
to market maker flow traders,
433
00:28:34.075 --> 00:28:36.575
according to blockchain intelligence firm, ARCEM.
434
00:28:37.279 --> 00:28:43.460
This transfer represents a fraction of the government's 41, 000 BTC holdings, currently valued at $2, 270, 000, 000
435
00:28:45.360 --> 00:28:47.245
now. The Bitcoin liquidations
436
00:28:48.025 --> 00:28:50.684
have been short sighted according to Cotard,
437
00:28:51.145 --> 00:28:53.165
quote, instead of holding Bitcoin
438
00:28:53.580 --> 00:28:54.480
as a strategic
439
00:28:55.020 --> 00:28:56.080
reserve currency,
440
00:28:56.540 --> 00:28:58.960
as is already being debated in the USA,
441
00:28:59.820 --> 00:29:03.965
our government is selling on a large scale, she wrote on Twitter.
442
00:29:04.745 --> 00:29:05.965
Kotar, an independent,
443
00:29:06.345 --> 00:29:11.085
who was a member of the Alternative for Germany party until 2022, has served in the Bundenstaag
444
00:29:11.705 --> 00:29:12.070
since
445
00:29:12.549 --> 00:29:13.049
2017,
446
00:29:13.750 --> 00:29:16.889
this isn't the first time she's advocated on behalf of Bitcoin.
447
00:29:17.350 --> 00:29:18.649
She's worn a BTC
448
00:29:18.950 --> 00:29:20.585
t shirt, oh, for god's sakes,
449
00:29:21.145 --> 00:29:23.804
while addressing parliament and made supporting Bitcoin,
450
00:29:24.505 --> 00:29:28.125
part of her political platform. In her letter, Kotar emphasized
451
00:29:29.680 --> 00:29:30.260
the potential
452
00:29:30.560 --> 00:29:33.380
missed opportunity for Germany to position itself
453
00:29:33.920 --> 00:29:37.220
at the forefront of financial innovation and economic sovereignty.
454
00:29:37.784 --> 00:29:43.644
The letter, which has been translated, was addressed to key government officials, including prime minister of Saxony, Michael
455
00:29:44.024 --> 00:29:44.524
Krechmer,
456
00:29:45.180 --> 00:29:47.600
federal minister of finance Christian Lindner,
457
00:29:48.060 --> 00:29:50.080
and chancellor Olaf Scholz,
458
00:29:50.540 --> 00:29:53.760
Kotar argued for retaining and strategically leveraging
459
00:29:55.115 --> 00:29:56.255
the seized Bitcoin.
460
00:29:56.715 --> 00:30:08.630
Bitcoin offers a unique opportunity to diversify the state's assets, Kotar wrote, highlighting the potential to reduce risks associated with traditional asset classes. And she further argued for BTC's
461
00:30:09.165 --> 00:30:12.625
role in long term value preservation saying its scarcity
462
00:30:13.245 --> 00:30:14.705
and deflationary nature
463
00:30:15.245 --> 00:30:19.500
could serve as protection against inflation. Quote, a clear legal framework
464
00:30:20.040 --> 00:30:27.020
arising from the state's self interest in Bitcoin technology would promote local innovation and, you know, God forbid, entrepreneurship
465
00:30:27.785 --> 00:30:32.125
contributing to positive technological and financial development in Germany, she said.
466
00:30:32.505 --> 00:30:37.165
She also argued that holding the Bitcoin would help the country attract top talent
467
00:30:37.610 --> 00:30:40.750
and foster progress in its financial and tech sectors.
468
00:30:41.210 --> 00:30:43.230
Instead of selling, Kotar proposed
469
00:30:43.690 --> 00:30:48.325
developing a comprehensive Bitcoin strategy. This could include retaining Bitcoin
470
00:30:48.625 --> 00:30:53.640
in the state treasury, issuing Bitcoin bonds or creating a favorable regulatory
471
00:30:54.180 --> 00:30:55.320
environment, she wrote.
472
00:30:55.700 --> 00:30:59.480
So at least there's 1 person who has their collective shit about them.
473
00:30:59.780 --> 00:31:02.040
And it happens to be this Joanna Kotar.
474
00:31:02.725 --> 00:31:04.985
So if you've it it's Joanna
475
00:31:05.365 --> 00:31:12.185
Kotar, c o t a r, over there on Twitter. If you wanna I don't know. Lender support, you know. I don't know.
476
00:31:13.310 --> 00:31:17.650
Translate English into German and say let's fucking go. Alright.
477
00:31:18.910 --> 00:31:22.370
Just before we get into the numbers, I do wanna make mention that
478
00:31:22.975 --> 00:31:24.195
we're dealing with
479
00:31:24.655 --> 00:31:25.155
according
480
00:31:27.775 --> 00:31:28.755
to hold on.
481
00:31:29.135 --> 00:31:30.035
According to
482
00:31:30.880 --> 00:31:31.380
the
483
00:31:31.760 --> 00:31:33.140
Department of Labor Statistics,
484
00:31:33.440 --> 00:31:35.700
the new jobs report came out. 206, 000
485
00:31:36.320 --> 00:31:36.820
jobs
486
00:31:37.440 --> 00:31:38.980
have been added in June,
487
00:31:39.304 --> 00:31:43.725
but the unemployment rate rose to the highest since November of 2021.
488
00:31:44.105 --> 00:31:45.804
What does this mean to you?
489
00:31:47.200 --> 00:31:55.300
All the people that are out there that are just thinking that fed is going to lower rates and it's just right around the corner.
490
00:31:55.995 --> 00:32:02.654
No it's not. Again I I don't know how I can make this any more forcible
491
00:32:03.700 --> 00:32:04.520
of a statement.
492
00:32:04.980 --> 00:32:05.720
The Fed
493
00:32:06.180 --> 00:32:07.720
is not interested
494
00:32:08.180 --> 00:32:08.920
in lowering
495
00:32:09.220 --> 00:32:10.120
interest rates.
496
00:32:10.875 --> 00:32:15.055
No matter what news hits the wire that you think is good news,
497
00:32:15.675 --> 00:32:17.695
it's not good enough for the Fed.
498
00:32:18.760 --> 00:32:28.365
They're not interested in lowering rates. Do not think that they're going to lower rates in July. They're not going to lower rates in August. They might consider it in September
499
00:32:30.425 --> 00:32:32.525
and November or through October.
500
00:32:33.065 --> 00:32:34.850
But honestly, I don't
501
00:32:35.310 --> 00:32:39.330
I I'm starting to lose any kind of hope that even this year
502
00:32:40.030 --> 00:32:45.955
we get a rate cut from the federal funds. So, just let that wash over in your head a little bit and let's run the numbers.
503
00:32:56.659 --> 00:32:57.159
CNBC
504
00:32:57.620 --> 00:33:01.715
Futures and Commodities, but before, anon zapped me 121
505
00:33:03.215 --> 00:33:04.355
sats over on zap.stream
506
00:33:04.815 --> 00:33:05.554
and npubones2pj
507
00:33:08.630 --> 00:33:09.130
qgq.
508
00:33:10.150 --> 00:33:12.570
Sorry. Your your username is not resolving.
509
00:33:12.950 --> 00:33:15.290
But thank you for the 1, 000 sats.
510
00:33:15.835 --> 00:33:23.615
Said really enjoyed the chat about Alexandria. Keep up the great work, brother. I got more news about Alexandria coming up in the second part of the show.
511
00:33:24.320 --> 00:33:27.940
So thank you to all the rest of the people who for apparently, everybody's
512
00:33:28.240 --> 00:33:37.615
in pubs are not resolving in my zap. Stream. I don't know what that shit's about, but let's move on to some, commodity news. Hold on for a second. Speaking of commodities,
513
00:33:39.035 --> 00:33:39.535
coffee.
514
00:33:42.850 --> 00:33:47.030
That's a good commodity. Oil, West Texas Intermediate is up a quarter of a point to $84.6.
515
00:33:48.705 --> 00:33:49.365
Brent Norcea,
516
00:33:49.825 --> 00:33:51.285
up scant. 87.48.
517
00:33:52.865 --> 00:33:56.860
Natural gas doing its thing. It's down 3 and a third to $2.33,
518
00:33:57.400 --> 00:33:59.660
and gasoline is down scant to $2.60
519
00:34:00.360 --> 00:34:01.020
a gallon.
520
00:34:01.480 --> 00:34:03.020
Good luck finding that price.
521
00:34:03.605 --> 00:34:08.105
All of the metal rocks are doing a solid move today, including gold,
522
00:34:08.645 --> 00:34:10.540
which is up just over a point to
523
00:34:12.220 --> 00:34:14.480
$2, 394.40. Silver is up 2 doll
524
00:34:16.300 --> 00:34:16.960
oh, 2.85%.
525
00:34:18.335 --> 00:34:22.515
Platinum is up 3 a quarter. Copper is up 2 and a half. Palladium is up
526
00:34:22.895 --> 00:34:27.075
1 quarter of a point now that all the markets are actually open today.
527
00:34:28.010 --> 00:34:30.850
Biggest winner in agriculture today is
528
00:34:31.290 --> 00:34:33.470
looks like it's gonna be wheat. 2.79%
529
00:34:34.089 --> 00:34:38.705
to the upside. Sugar or no. Rice just flipped over. 2.7%
530
00:34:39.245 --> 00:34:43.105
to the downside, so rice taking it on the chin today. Live cattle
531
00:34:43.550 --> 00:34:47.250
up almost a full point. Lean hogs are down a half. Feeder cattle
532
00:34:47.710 --> 00:34:51.410
are just kinda trading sideways. Now on over to dashboard.clarkmoodydot
533
00:34:52.825 --> 00:34:53.325
com.
534
00:34:54.745 --> 00:34:55.245
$56, 460
535
00:34:56.025 --> 00:34:56.845
is a 1.11
536
00:34:59.145 --> 00:35:01.085
oh, small satchel of Richards.
537
00:35:01.400 --> 00:35:01.900
$1, 110, 000, 000, 000
538
00:35:03.240 --> 00:35:04.220
of market cap.
539
00:35:04.680 --> 00:35:10.300
We can only get 24 ounces of shiny metal rocks with our 1 Bitcoin of which there are 19, 000, 720
540
00:35:11.225 --> 00:35:11.725
21, 105.49
541
00:35:13.705 --> 00:35:14.205
of.
542
00:35:15.065 --> 00:35:19.645
And fees have remained low through the entirety of yesterday.
543
00:35:20.160 --> 00:35:21.140
How can I tell?
544
00:35:21.760 --> 00:35:29.805
Because the average fees per block, not the standing fees per block right now or per transaction, just the fees per block
545
00:35:30.345 --> 00:35:31.484
hasn't budged
546
00:35:32.025 --> 00:35:33.325
in over a week.
547
00:35:33.945 --> 00:35:41.180
Point, 1, 2 BTC in average fees on a per block basis and speaking of blocks how many blocks are there?
548
00:35:42.359 --> 00:35:47.135
175 blocks carrying 204, 000 unconfirmed transactions waiting to
549
00:35:47.515 --> 00:35:50.175
clear at high priority rates of single digits
550
00:35:52.155 --> 00:35:53.775
9 satoshis per vbyte
551
00:35:54.235 --> 00:35:58.510
lows at 8 satoshis per vbyte and no priority at all is
552
00:35:59.210 --> 00:36:05.605
4 satoshis per vbyte and anything just over 1 satoshi per vbyte being purged from mempools
553
00:36:06.065 --> 00:36:08.245
around the world. Let's look at the hash rate.
554
00:36:08.625 --> 00:36:09.125
502.
555
00:36:10.569 --> 00:36:17.950
That's a low hash rate we haven't had a hash rate that low in a very long time in fact we haven't had a hash rate that low since
556
00:36:19.645 --> 00:36:20.145
wow.
557
00:36:21.885 --> 00:36:24.065
We haven't had a hashrate that low standing
558
00:36:25.165 --> 00:36:29.570
for, oh God, a few months. A couple at least 3 at least 3 months.
559
00:36:31.710 --> 00:36:33.570
Why? Miners are shutting down.
560
00:36:34.135 --> 00:36:38.555
Some of them some of them are at their limit of of how what
561
00:36:39.095 --> 00:36:44.470
and how they can operate given the price of Bitcoin as, after yesterday.
562
00:36:44.849 --> 00:36:52.535
So they're just turning their miners off and selling the electricity back to the grid if they've got long standing electric usage contracts
563
00:36:52.915 --> 00:36:59.255
because they're making more money selling electricity back to the grid off their contract than they are actually producing Bitcoin at this time.
564
00:36:59.940 --> 00:37:01.160
And this is not
565
00:37:01.859 --> 00:37:04.200
mining death spiral FUD should be incoming
566
00:37:05.140 --> 00:37:11.325
any day now, any hour. I expect mining death spiral FUD for the 4th time
567
00:37:12.345 --> 00:37:13.085
to happen
568
00:37:13.785 --> 00:37:14.285
directly.
569
00:37:14.970 --> 00:37:19.070
I've yet to actually see it occur, which is very very strange, but
570
00:37:19.610 --> 00:37:21.870
this will probably ignite mining
571
00:37:22.250 --> 00:37:26.194
death spiral FUD. So, be aware that that is incoming. And speaking of incoming,
572
00:37:26.974 --> 00:37:30.994
commies of the corn, Bitcoin and episode, what was it? 917,
573
00:37:32.370 --> 00:37:34.950
Joseph Joey Joe 5, 000 sats
574
00:37:35.570 --> 00:37:36.310
says nothing.
575
00:37:36.610 --> 00:37:37.830
Write a note, Joey.
576
00:37:38.370 --> 00:37:41.270
Christian Farmer 67 with 3, 000 sats
577
00:37:42.685 --> 00:37:43.825
says nothing at all.
578
00:37:44.365 --> 00:37:44.865
Dude,
579
00:37:46.205 --> 00:37:48.225
Pies with 420 says LFG.
580
00:37:48.819 --> 00:37:53.480
Pies with another 420 says, you're 100% right about Bitcoin Magazine.
581
00:37:54.180 --> 00:37:57.240
I felt that way about them for a little over 2 years now.
582
00:37:58.295 --> 00:38:00.075
Yeah it's been about
583
00:38:00.855 --> 00:38:01.915
about 2 years
584
00:38:02.375 --> 00:38:03.675
they really started
585
00:38:04.055 --> 00:38:05.435
I mean it really
586
00:38:05.880 --> 00:38:07.500
took where Bitcoin Magazine
587
00:38:08.280 --> 00:38:09.420
took a wrong turn
588
00:38:09.880 --> 00:38:10.700
was ordinals.
589
00:38:11.560 --> 00:38:14.300
Now, they were getting a little squirrelly just before that.
590
00:38:14.934 --> 00:38:16.555
I gave them a lot of latitude.
591
00:38:17.575 --> 00:38:18.954
A shit ton of latitude.
592
00:38:19.335 --> 00:38:23.994
Even through the Bitcoin conference, kind of getting a little, I don't know, a little skanky.
593
00:38:24.600 --> 00:38:28.140
Sorry. I got no other word for it. Bitcoin conference, the the big
594
00:38:28.520 --> 00:38:32.220
1, the 1 that was always in Miami, and I think this year they're gonna go over to Tennessee.
595
00:38:32.725 --> 00:38:33.785
It's a little skanky
596
00:38:34.325 --> 00:38:41.220
nowadays. I I just the lights and the screens and the paint jobs and the color coordination, and it's like,
597
00:38:41.940 --> 00:38:46.760
if I wanted that shit, I'd go to South by Southwest, man. Dude, give me a small conference.
598
00:38:47.300 --> 00:38:49.480
Any day of the week and twice on Sunday.
599
00:38:50.404 --> 00:38:50.904
Chris,
600
00:38:51.204 --> 00:38:55.065
wait. What was Chris Hartsold, 16 with a 100, says Vermin Supreme.
601
00:38:55.605 --> 00:38:57.704
That's the boot on head dude.
602
00:38:58.085 --> 00:38:59.464
Vermin Supreme. I
603
00:38:59.990 --> 00:39:04.010
finally remembered his name like way later that day. It was kind of embarrassing.
604
00:39:04.310 --> 00:39:10.375
But yes, Chris. Vermin Supreme. That's the dude. Pies with a 100 says, thank you sir. No thank you.
605
00:39:10.675 --> 00:39:13.255
Stacy with a 100 says, absolutely nothing.
606
00:39:13.635 --> 00:39:14.775
And Perma Nerd
607
00:39:15.150 --> 00:39:17.170
says another interesting show
608
00:39:17.710 --> 00:39:19.410
and then post a nostrilink
609
00:39:20.670 --> 00:39:23.170
and says thanks for reading that article
610
00:39:24.015 --> 00:39:24.835
Have a listen
611
00:39:25.215 --> 00:39:28.595
and then all of a sudden there is the fountain. Fmforward/episodeforward/andthenawhole
612
00:39:31.135 --> 00:39:31.875
bunch of gobbledygook
613
00:39:32.410 --> 00:39:39.230
and that actually ends up being the URL for this particular episode. Not not this 1. The the 1 that I posted yesterday,
614
00:39:40.075 --> 00:39:43.455
because, you know, I I don't mind working on July 4th. Anyway,
615
00:39:44.155 --> 00:39:44.974
the point is,
616
00:39:45.275 --> 00:39:47.215
there's no boost to it.
617
00:39:48.020 --> 00:39:51.800
I had asked in yesterday's show that could somebody take the fountain.fm
618
00:39:53.140 --> 00:39:55.000
and just post it in a note
619
00:39:55.944 --> 00:39:58.125
somewhere along somewhere in nostr
620
00:39:58.665 --> 00:39:59.805
to see if
621
00:40:00.105 --> 00:40:06.150
because that URL is carried in somebody else's note not linked to my fountain account
622
00:40:06.770 --> 00:40:14.935
whether or not that it would come through into the boost of the show and sure enough it looks like Perma Nerd took the bait
623
00:40:15.235 --> 00:40:16.215
and did it.
624
00:40:16.515 --> 00:40:25.250
And, well, I don't want to say take the bait but I don't know. Well, he he he played the guinea pig and he tried it out and sure enough it looks like
625
00:40:25.710 --> 00:40:27.730
if you just post the fountain.fm
626
00:40:28.350 --> 00:40:28.850
link
627
00:40:29.905 --> 00:40:30.965
anywhere on Nostor
628
00:40:31.265 --> 00:40:43.849
that whatever note or whatever thing that that you're posting it with, like whatever, like, if you write like, hail have a good morning and then you post, like, the fountain dot f m link to my show and I I guess somebody else's show,
629
00:40:45.005 --> 00:40:47.185
that it goes to our respective fountain.fm
630
00:40:48.125 --> 00:40:54.880
accounts for lack of a better term. Thank you, Perma Nerd. That is 1 more piece of evidence that I was looking for.
631
00:40:55.440 --> 00:40:56.660
That's the weather report.
632
00:41:07.595 --> 00:41:10.714
Welcome to part 2 of the news you can use. I got a couple of,
633
00:41:11.589 --> 00:41:14.569
boost over here or, some messages over here in zap.stream
634
00:41:14.869 --> 00:41:16.970
that I wanted to read. BTC Nosternoobie
635
00:41:17.829 --> 00:41:18.445
is asking,
636
00:41:18.925 --> 00:41:22.785
this may be weird to ask, but what's your take on crypto scammers using XMR
637
00:41:23.245 --> 00:41:25.105
and BTC for money laundering?
638
00:41:25.700 --> 00:41:26.920
Don't encourage it.
639
00:41:27.300 --> 00:41:30.280
I just wanted your take on it. That's all.
640
00:41:32.260 --> 00:41:38.295
I don't know if that actually is happening. I mean okay. Look. Let me back up. Of course, it's happening.
641
00:41:38.914 --> 00:41:40.375
I just can't see it.
642
00:41:41.234 --> 00:41:43.335
I mean, it's like, you know, it it it
643
00:41:43.680 --> 00:41:45.620
if they want it if first of all,
644
00:41:46.400 --> 00:41:46.900
Monero,
645
00:41:47.200 --> 00:41:48.900
which I'm pretty sure that's XMR,
646
00:41:51.895 --> 00:42:04.400
What can I say? It actually it's actually got more privacy protection than Bitcoin does, but it's a shit coin. I don't own it. I don't use it. I don't need it. I don't prescribe anybody ever have it for any reason whatsoever
647
00:42:05.635 --> 00:42:06.695
And money laundering,
648
00:42:07.875 --> 00:42:09.735
you're at 1 point or another,
649
00:42:10.115 --> 00:42:14.375
you're probably gonna get caught. And the only way that you won't get caught
650
00:42:15.510 --> 00:42:17.610
is if the United States hegemony
651
00:42:18.550 --> 00:42:19.050
falls.
652
00:42:19.590 --> 00:42:24.570
Because apparently the United States is the only people that's competent enough to actually figure out shit.
653
00:42:24.995 --> 00:42:25.495
Germany,
654
00:42:25.875 --> 00:42:26.615
next up, UK
655
00:42:27.715 --> 00:42:28.215
after
656
00:42:28.515 --> 00:42:34.135
that. But when we start getting into, like, the, you know, underneath the top 10 countries and their financial regulations,
657
00:42:34.819 --> 00:42:43.880
I don't think they have the equipment to really discover whether somebody's money, you know, laundering money or not until it gets to amounts where it's becomes fucking obvious. Right?
658
00:42:44.335 --> 00:42:47.555
I don't recommend money laundering I just I I don't
659
00:42:48.494 --> 00:42:55.050
if they want to do it I okay if you know how to if you know how to wash that shit more power to you, I guess.
660
00:42:55.430 --> 00:43:02.170
But eventually, you're probably gonna get caught, and I guarantee you you you don't wanna be having money laundering charges
661
00:43:02.695 --> 00:43:05.115
under uncle Sam's department of justice.
662
00:43:05.975 --> 00:43:06.475
Now,
663
00:43:07.095 --> 00:43:07.595
Alexandria.
664
00:43:09.495 --> 00:43:11.515
Project Alexandria was mentioned.
665
00:43:12.859 --> 00:43:13.680
I've got
666
00:43:13.980 --> 00:43:18.319
a note here from Michael Jay, and I'm gonna throw this 1 up in the
667
00:43:19.395 --> 00:43:22.615
in the window here so all the people can see it.
668
00:43:24.195 --> 00:43:28.215
It's a note from Noster, and I'm guessing Michael j is part of the
669
00:43:29.299 --> 00:43:32.599
is part of the crew over there. Let me actually just kind of verify here.
670
00:43:34.180 --> 00:43:35.400
Some Noster stability
671
00:43:35.700 --> 00:43:36.200
advocate.
672
00:43:37.505 --> 00:43:41.285
And he doesn't say whether or not he's he is specifically on the,
673
00:43:42.545 --> 00:43:43.285
Git citadel
674
00:43:43.904 --> 00:43:44.404
aka
675
00:43:45.105 --> 00:43:46.325
project Alexandria
676
00:43:47.730 --> 00:43:48.230
project.
677
00:43:48.530 --> 00:43:49.350
But he says,
678
00:43:50.610 --> 00:43:54.790
work in progress image of the Alexandria client's article view.
679
00:43:55.525 --> 00:43:58.424
Liminal's code fetches a collection of kind
680
00:44:00.724 --> 00:44:03.224
3 41 notes indexed by kind
681
00:44:03.750 --> 00:44:04.250
340
682
00:44:04.630 --> 00:44:07.050
notes and bundles them together into an article.
683
00:44:07.670 --> 00:44:08.890
Each kind 341
684
00:44:09.350 --> 00:44:14.675
note is rendered as a subsection as illustrated by the highlight on hover.
685
00:44:15.055 --> 00:44:16.275
A table of contents
686
00:44:16.815 --> 00:44:17.954
will allow users
687
00:44:18.330 --> 00:44:26.505
to jump between headings within the article. A bit down the road we can add highlight and command functionality on individual kind 3rd
688
00:44:27.065 --> 00:44:28.685
341 notes within an article.
689
00:44:29.065 --> 00:44:30.365
What the hell was that?
690
00:44:30.744 --> 00:44:32.365
Well, let me just expand this.
691
00:44:34.089 --> 00:44:37.470
What he's saying is that they're using a particular
692
00:44:37.849 --> 00:44:41.470
note kind like an event. Like event 1.
693
00:44:41.925 --> 00:44:47.865
Right? Where I just write good morning. That is an event of kind 1 note on Nostra protocol.
694
00:44:48.565 --> 00:44:50.665
There are many event kinds
695
00:44:51.460 --> 00:44:53.079
on the Nostra protocol
696
00:44:53.779 --> 00:44:57.079
and they're working with 2 specific ones that they've outlined
697
00:44:58.099 --> 00:44:58.599
340
698
00:45:00.234 --> 00:45:00.815
and 341.
699
00:45:01.755 --> 00:45:06.255
Right? So those are the note kinds that they're using for this particular project at the moment.
700
00:45:06.670 --> 00:45:10.050
And what looks like they've done is they're using 1 kind
701
00:45:10.510 --> 00:45:11.650
to actually be
702
00:45:12.030 --> 00:45:13.970
a shorter embedded kind
703
00:45:14.270 --> 00:45:19.925
within another kind. It's not exactly that way but what it how this thing functions is that
704
00:45:20.225 --> 00:45:22.565
1 kind can be the longer article.
705
00:45:23.300 --> 00:45:28.680
The other kind can actually act even though it's a nostril note
706
00:45:29.060 --> 00:45:30.440
it actually acts
707
00:45:30.820 --> 00:45:33.115
as in this particular case
708
00:45:35.495 --> 00:45:36.235
a standalone
709
00:45:36.615 --> 00:45:38.315
part of a table of contents
710
00:45:38.695 --> 00:45:43.650
so like chapter 1 is a kind, and let's see which kind was that.
711
00:45:45.150 --> 00:45:47.890
Fetches a collection of kind index by
712
00:45:48.275 --> 00:45:53.255
and bundles them together. So, this kind the highlights that he's talking about looks like it's 340
713
00:45:54.355 --> 00:45:55.895
or kind 340,
714
00:45:56.700 --> 00:45:59.440
and that that actually plugs back into
715
00:45:59.820 --> 00:46:04.560
the longer version of what it's trying to say which is the event kind
716
00:46:05.165 --> 00:46:05.665
341.
717
00:46:06.285 --> 00:46:08.945
In either event, it basically makes a digital book
718
00:46:09.245 --> 00:46:12.065
is is what they're building over there at Project Alexandria.
719
00:46:12.605 --> 00:46:19.490
They're at the very start of this of of this project, and they're bringing the bible to life. But now they're actually doing some other stuff.
720
00:46:20.430 --> 00:46:23.410
If you're not sure about Project Alexandria,
721
00:46:24.335 --> 00:46:26.115
you can go listen to,
722
00:46:26.495 --> 00:46:27.615
yesterday's show,
723
00:46:27.935 --> 00:46:30.115
and I've talked about it a couple of other times.
724
00:46:32.410 --> 00:46:34.990
This you cannot sleep on project Alexandria
725
00:46:36.250 --> 00:46:36.750
also
726
00:46:37.130 --> 00:46:37.870
on nostr
727
00:46:38.170 --> 00:46:41.550
if you want to start linking into the people that are behind this
728
00:46:42.955 --> 00:46:43.455
atgitcitadel
729
00:46:45.835 --> 00:46:46.734
all 1 word
730
00:46:47.835 --> 00:46:48.335
atgitcitadel
731
00:46:49.675 --> 00:46:51.535
again just for those in the back
732
00:46:52.160 --> 00:46:53.940
at get citadel
733
00:46:54.720 --> 00:46:56.580
do not sleep on this Pablo
734
00:46:56.960 --> 00:47:01.825
I you know what I'm talking about for the rest of you who I thoroughly confused
735
00:47:02.365 --> 00:47:04.305
a my apologies be
736
00:47:04.925 --> 00:47:06.625
it's really hard to describe
737
00:47:07.770 --> 00:47:24.745
especially in audio format because I really try to keep it to where you don't have to sit and watch the show you can go gardening or you can take a walk or go for a bike ride or wash the dishes or do freaking laundry which never seems to quit along with the dishes
738
00:47:25.420 --> 00:47:26.880
I want it to be that way
739
00:47:27.340 --> 00:47:28.560
but because of that
740
00:47:29.180 --> 00:47:32.240
I I'm trying to get better at my explanations here
741
00:47:32.755 --> 00:47:35.734
but these are very this is a very difficult,
742
00:47:36.595 --> 00:47:37.734
topic to explain.
743
00:47:38.115 --> 00:47:40.695
When you see it, it becomes evident.
744
00:47:41.000 --> 00:47:42.700
So let me try it this way
745
00:47:43.800 --> 00:47:45.100
the kind 340
746
00:47:46.040 --> 00:47:47.020
Nostra protocol
747
00:47:47.480 --> 00:47:48.620
event type
748
00:47:49.415 --> 00:47:51.755
is being used, in this case,
749
00:47:52.375 --> 00:47:54.475
as a table of contents.
750
00:47:55.335 --> 00:47:56.235
But each
751
00:47:56.950 --> 00:47:58.330
event kind 340
752
00:47:59.590 --> 00:48:02.170
acts as chapter 1 and then another
753
00:48:02.550 --> 00:48:03.050
340
754
00:48:03.755 --> 00:48:11.295
acts as chapter 2 and when you're looking at it on a computer screen those notes are kind of stacked up on top of each other like
755
00:48:11.819 --> 00:48:24.625
you're reading a table of contents from any regular book chapter 1 chapter 2 and then chapter 3 is under that chapter 4 is under that and then it gives you the page number But in this case, when you drag your cursor across it, it highlights
756
00:48:25.005 --> 00:48:25.905
chapter 2
757
00:48:26.365 --> 00:48:28.785
or whatever the name of the chapter might be
758
00:48:29.140 --> 00:48:30.520
as a kind 340
759
00:48:31.059 --> 00:48:34.680
note and when you click it it sends you to the associated
760
00:48:35.299 --> 00:48:36.359
kind 341
761
00:48:37.539 --> 00:48:38.039
note
762
00:48:38.414 --> 00:48:40.434
which is the entirety of the chapter
763
00:48:41.134 --> 00:48:45.075
now it seems like a very long you well why not just use ebooks
764
00:48:45.570 --> 00:48:50.550
Because my ebooks can be taken off of my Kindle by Amazon at any time.
765
00:48:51.090 --> 00:48:52.310
At any time.
766
00:48:53.244 --> 00:48:55.265
They decide that they wanna ban forever
767
00:48:55.565 --> 00:48:57.744
Tom Sawyer as they've done in the past,
768
00:48:58.125 --> 00:49:04.480
not Amazon, but, well, I think Amazon has done that. But libraries and congresses and teachers.
769
00:49:05.180 --> 00:49:06.720
There's been many times
770
00:49:07.100 --> 00:49:08.400
that Samuel Clemens
771
00:49:08.860 --> 00:49:11.455
book, Tom Sawyer, as well as Huckleberry
772
00:49:11.755 --> 00:49:12.255
Finn,
773
00:49:12.635 --> 00:49:23.970
have been banned. You can't find it. You can't get it. If you were lucky enough to hold a physical book at the time that it was banned and you didn't give it up, you were fine. You had that book. But now that we have e readers,
774
00:49:24.270 --> 00:49:29.244
uh-uh. No. Nobody's library is safe. That's why you cannot sleep
775
00:49:29.785 --> 00:49:30.525
on project
776
00:49:31.224 --> 00:49:38.970
Alexandria. You just can't do it. And then, Sybil actually says something to this Michael j note. I'm not gonna read it,
777
00:49:39.270 --> 00:49:41.850
but I'm gonna put it up for the guys over on ZapStream
778
00:49:42.230 --> 00:49:45.464
to hopefully encourage people to come over to ZapStream.
779
00:49:45.765 --> 00:49:46.424
But now,
780
00:49:47.605 --> 00:49:50.904
as if that wasn't a project that you didn't wanna sleep on enough,
781
00:49:51.500 --> 00:49:55.760
here's a completely different 1 that just hit the wires yesterday as far as I can tell.
782
00:49:56.140 --> 00:49:56.640
Inpub.
783
00:49:57.180 --> 00:49:57.680
Pro,
784
00:49:58.380 --> 00:49:59.920
a Nostr based
785
00:50:00.460 --> 00:50:00.960
website
786
00:50:01.805 --> 00:50:02.305
for
787
00:50:02.925 --> 00:50:03.425
creators.
788
00:50:04.045 --> 00:50:04.545
Okay.
789
00:50:05.325 --> 00:50:09.025
Let's I'm going to try to be very careful with this 1 because this 1 again
790
00:50:09.450 --> 00:50:11.470
it's too important to sleep on.
791
00:50:12.570 --> 00:50:13.070
Npub.
792
00:50:13.450 --> 00:50:13.950
Pro
793
00:50:14.730 --> 00:50:17.150
lets users create personal websites
794
00:50:18.145 --> 00:50:19.765
from their Nostr content.
795
00:50:20.625 --> 00:50:25.445
It's free for anyone getting started, it's open source, and self hostable.
796
00:50:26.120 --> 00:50:27.900
It's built by the nostr.band
797
00:50:29.160 --> 00:50:29.660
team.
798
00:50:36.545 --> 00:50:43.640
Please welcome Npub. Pro. This is a tool to make yourself a beautiful nostril based website. It's been a long time in the making, and we're thrilled
799
00:50:44.180 --> 00:50:46.680
to launch it on this special day announced
800
00:50:47.140 --> 00:50:47.800
at brugeman,
801
00:50:48.660 --> 00:50:49.160
brugeman.
802
00:50:50.535 --> 00:50:52.714
Quote websites are noster events
803
00:50:53.174 --> 00:50:57.115
again I'm going to read the first part of that sentence so that you don't sleep on it
804
00:50:57.494 --> 00:50:57.994
websites
805
00:50:58.540 --> 00:50:59.760
are Nostra events.
806
00:51:00.140 --> 00:51:04.080
Let me fully pause here to relate this back to Project Alexandria
807
00:51:04.460 --> 00:51:05.440
and the 340
808
00:51:06.060 --> 00:51:08.095
event kind note versus the 341
809
00:51:08.795 --> 00:51:11.055
event kind note. The 340
810
00:51:11.595 --> 00:51:12.095
note
811
00:51:12.875 --> 00:51:14.015
or event type
812
00:51:14.315 --> 00:51:15.695
links directly to
813
00:51:16.260 --> 00:51:18.520
the full chapter that it represents the
814
00:51:18.820 --> 00:51:20.280
341 event type
815
00:51:20.740 --> 00:51:21.240
this
816
00:51:21.620 --> 00:51:23.320
is a whole website
817
00:51:24.395 --> 00:51:28.815
almost like I'm looking at it as a completely different type of event type.
818
00:51:29.595 --> 00:51:30.095
Websites
819
00:51:31.035 --> 00:51:32.495
are Nostr events
820
00:51:33.630 --> 00:51:34.849
Not Nostr based.
821
00:51:35.790 --> 00:51:38.849
No. The whole fucking website is an event.
822
00:51:39.790 --> 00:51:44.645
I don't know how much more I can make it clear. The themes are open sourced ghost
823
00:51:45.025 --> 00:51:48.405
themes published on relays and blossom servers. Jesus.
824
00:51:48.960 --> 00:51:54.339
Npub. Pro does not host your data, it only hosts the code to convert nostril events to web pages
825
00:51:54.720 --> 00:51:56.660
explains the project's Q and A
826
00:51:57.039 --> 00:51:57.539
section
827
00:51:58.605 --> 00:52:02.385
while this has been a long time in the making we're still in the early beta stage.
828
00:52:02.765 --> 00:52:04.225
Some stuff may be rough,
829
00:52:04.525 --> 00:52:10.040
won't work properly and features may be missing. Content management is still a work in progress. Please
830
00:52:10.500 --> 00:52:11.960
be patient. We're autistic.
831
00:52:12.339 --> 00:52:15.720
It doesn't actually say the last part. As was stated in the announcement,
832
00:52:16.245 --> 00:52:18.505
we will host your website for free
833
00:52:18.885 --> 00:52:20.425
on your name.npub.pro
834
00:52:21.605 --> 00:52:22.105
address.
835
00:52:22.405 --> 00:52:27.490
If you want to attach a custom domain and get other benefits, you can switch to a pro plan
836
00:52:28.350 --> 00:52:37.615
you can also self host a Nostra site all of the data is on relays the engine is open source and there is no migration it just works
837
00:52:38.315 --> 00:52:38.815
anywhere
838
00:52:39.195 --> 00:52:41.935
the project said so here's the key features
839
00:52:42.859 --> 00:52:45.760
Pick a theme that fits your audience and your preference.
840
00:52:46.140 --> 00:52:47.180
Sounds a lot like,
841
00:52:48.220 --> 00:52:50.560
what oh, god. The plugins for
842
00:52:52.065 --> 00:52:56.065
wordsmith or whatever the hell that WordPress. It's like a WordPress program,
843
00:52:56.545 --> 00:52:58.005
plugin is what it sounds like.
844
00:52:58.539 --> 00:53:02.559
You're not limited to showing your content on 1 particular client.
845
00:53:03.500 --> 00:53:09.244
Links, shareable links to your website look amazing when shared on social media and messenger apps.
846
00:53:10.105 --> 00:53:11.964
Great great place for conversion.
847
00:53:12.345 --> 00:53:18.230
A place to attract your audience and measure outcomes using existing web tools I guess that means that
848
00:53:18.690 --> 00:53:20.310
metrics are embedded somewhere
849
00:53:20.930 --> 00:53:31.765
there's no complex hosting maintenance or security issues your content lives on relays themes are nostril relays on and blossom servers no matter what your site always works
850
00:53:32.260 --> 00:53:36.680
Already published on Nostr? Well, npub. Pro displays your Nostr content
851
00:53:37.060 --> 00:53:46.595
and you choose which type of content to display. Kind of works like an app. Your website is a progressive web app that can be added to your home screen and it works offline.
852
00:53:47.615 --> 00:53:51.059
You can post from any Nostra client. No need to log
853
00:53:51.599 --> 00:53:54.660
into a content management system to check for comments.
854
00:53:55.359 --> 00:53:58.819
Everything is on nostr, so it just works from any client.
855
00:53:59.545 --> 00:54:02.525
It's SEO or search engine optimization
856
00:54:02.984 --> 00:54:06.045
friendly. Your content has proper meta tags
857
00:54:06.400 --> 00:54:11.300
and your website is rendered on the server to make sure that search engines love it.
858
00:54:11.600 --> 00:54:15.140
Self host if you like. You can use our scalable hosting infrastructure
859
00:54:15.855 --> 00:54:18.515
or switch to any file hosting like GitHub Pages.
860
00:54:18.815 --> 00:54:19.635
It's interoperable
861
00:54:19.935 --> 00:54:22.595
as well. Your website is a nostr event
862
00:54:23.055 --> 00:54:25.235
proposed in NIP 5 12.
863
00:54:25.840 --> 00:54:28.420
Themes are proposed NIP or NIP
864
00:54:28.720 --> 00:54:29.220
136.
865
00:54:30.480 --> 00:54:32.180
Our engine is open source,
866
00:54:33.040 --> 00:54:36.775
live Nostr site and that is website. Github.comforward/nostrbandforward/libnostr
867
00:54:41.795 --> 00:54:47.200
site. So it's a and all of these things that I read you today links will be in the show notes
868
00:54:47.820 --> 00:54:52.320
and pod home dotfm is doing a really good job making those links look good
869
00:54:53.025 --> 00:54:54.165
finally, because
870
00:54:54.545 --> 00:54:55.845
SoundCloud was just
871
00:54:56.545 --> 00:54:57.605
screwing me over.
872
00:54:58.865 --> 00:55:01.525
I I don't really know what to say about this.
873
00:55:04.670 --> 00:55:05.410
I don't
874
00:55:06.350 --> 00:55:08.450
because I'm kind of I'm kind of befuddled.
875
00:55:09.444 --> 00:55:09.944
And
876
00:55:10.484 --> 00:55:12.345
the reason is because I don't
877
00:55:13.684 --> 00:55:17.224
I try my hardest to make sure that I
878
00:55:18.049 --> 00:55:23.670
really understand the importance of of of something that I'm looking at. So I can go, oh, well, you know,
879
00:55:24.049 --> 00:55:29.465
not that important. I'm not don't have to worry about it that much. Or I find something you go, wow, that's that
880
00:55:29.765 --> 00:55:30.985
that's a game changer.
881
00:55:31.765 --> 00:55:32.985
This is a game changer.
882
00:55:34.000 --> 00:55:37.620
But I I don't know how far that how deep that rabbit hole is.
883
00:55:38.160 --> 00:55:42.420
I it it's not only just because of what it is in itself,
884
00:55:42.875 --> 00:55:44.095
where when it says
885
00:55:44.395 --> 00:55:44.895
websites
886
00:55:45.195 --> 00:55:46.735
are disaster events,
887
00:55:47.275 --> 00:55:48.575
that 1 phrase
888
00:55:49.890 --> 00:55:51.910
that 1 phrase all by itself
889
00:55:52.530 --> 00:55:53.750
should have you go
890
00:55:55.170 --> 00:55:59.525
you should literally be doing the whole evil scientist shit right now
891
00:56:00.464 --> 00:56:05.204
if it is absolutely 100% true that a website is a nostril event
892
00:56:06.120 --> 00:56:09.260
then you can kiss 80% of legacy media
893
00:56:09.640 --> 00:56:10.140
goodbye
894
00:56:10.600 --> 00:56:14.380
and we don't have to worry about the gatekeepers any longer they're already dead
895
00:56:15.075 --> 00:56:20.215
they don't know it yet but what's worse we don't know it yet and things like project Alexandria
896
00:56:20.995 --> 00:56:24.535
and in pub was it like make sure that I've got it right
897
00:56:24.930 --> 00:56:29.270
in pub dot pro that's in pub dot pro nah n pub
898
00:56:29.810 --> 00:56:33.030
dot pro nostr based websites for creators
899
00:56:33.994 --> 00:56:37.055
Now, I've tried it and I'm going to see if I can't
900
00:56:38.795 --> 00:56:41.775
get it up there. Let me see. And I thought I actually had
901
00:56:42.900 --> 00:56:50.920
in pub dot pro. I thought I actually had it up and ready to go. Maybe I do. Hold on for a second. Nope. I can't get it from there.
902
00:56:52.605 --> 00:56:53.345
Let's see.
903
00:56:54.125 --> 00:56:55.025
My sites.
904
00:56:57.565 --> 00:56:58.945
Oh, wow. Look at that.
905
00:57:00.060 --> 00:57:00.560
Okay.
906
00:57:00.940 --> 00:57:02.240
So I'm at npub.proforward/admin.
907
00:57:05.420 --> 00:57:10.445
And it looks like I'm already logged in, because I was like do playing around with this thing yesterday.
908
00:57:11.865 --> 00:57:16.845
And I've come up and the remember these things are all of these things are changing.
909
00:57:17.360 --> 00:57:24.900
I've I've already discovered that something that I had planned, for a couple of minutes from now is probably not going to work because something has changed. We'll get to that.
910
00:57:25.204 --> 00:57:26.025
But here,
911
00:57:26.405 --> 00:57:31.065
I I'm at this forward slash admin on npub dot pro
912
00:57:31.365 --> 00:57:32.984
and it says, your websites
913
00:57:33.460 --> 00:57:38.599
and I can have this and I have a log out button, so I am definitely logged in and I have 1
914
00:57:39.059 --> 00:57:39.559
single
915
00:57:40.579 --> 00:57:41.079
URL
916
00:57:41.855 --> 00:57:42.595
and it's,
917
00:57:43.214 --> 00:57:44.115
none you business
918
00:57:44.974 --> 00:57:54.530
dot in pub dot pro just like they promised and it highlights it's a little it's a little box and it's it's got a u it says URL. It gives my URL.
919
00:57:54.830 --> 00:57:57.170
It's got my it's a little box with my,
920
00:57:57.790 --> 00:57:58.290
avatar.
921
00:57:58.705 --> 00:58:02.485
It's got my avatar name. It's got everything about it. So, I'm going to click it
922
00:58:02.865 --> 00:58:03.365
and
923
00:58:04.225 --> 00:58:05.925
oh. It takes me to a dashboard.
924
00:58:07.290 --> 00:58:15.150
And none of it is now I've got a little button that says open website. Okay. So, we'll see what happens because this is all changed from yesterday.
925
00:58:15.505 --> 00:58:20.244
The XML file does not appear to have any style information associated with it.
926
00:58:20.785 --> 00:58:25.940
This the CMS version the CMS portion of this is all jacked up. That's okay.
927
00:58:27.040 --> 00:58:28.020
I'm not mad.
928
00:58:28.640 --> 00:58:30.340
I am I am gleeful.
929
00:58:30.960 --> 00:58:33.060
I can I this is amazing?
930
00:58:33.795 --> 00:58:35.175
If this shit works,
931
00:58:38.035 --> 00:58:41.175
I I don't know I don't know how much gravity
932
00:58:41.555 --> 00:58:45.800
I can import to you on this. So, I'm going to leave this alone.
933
00:58:46.420 --> 00:58:50.200
I'm going to go I'm going to go away from in pub and we're gonna go
934
00:58:50.580 --> 00:58:51.240
to satanomics.
935
00:58:52.984 --> 00:58:53.484
Satanomics.
936
00:58:54.345 --> 00:59:00.765
I swear to God I've brought you news about satanomics before, but it just hit no bullshit Bitcoin
937
00:59:01.490 --> 00:59:03.750
yesterday, so I'm going to do it again.
938
00:59:04.369 --> 00:59:04.869
Satanomics,
939
00:59:05.250 --> 00:59:06.710
a free and open source
940
00:59:07.329 --> 00:59:09.670
software Bitcoin only alternative
941
00:59:10.105 --> 00:59:11.325
to glass node.
942
00:59:12.025 --> 00:59:16.285
It's a self hostable if you want it to be. It's self hostable suite
943
00:59:16.905 --> 00:59:18.445
of tools that computes,
944
00:59:19.589 --> 00:59:20.089
distributes,
945
00:59:20.710 --> 00:59:21.450
and displays
946
00:59:21.910 --> 00:59:26.569
on chain data making it freely available for anyone to use. Now I'm going to pause here.
947
00:59:27.775 --> 00:59:30.355
Glassnode is a very expensive tool
948
00:59:30.735 --> 00:59:37.520
and people like Willie Wu use it. And if you don't know who Willie Wu is, he's very well known trader over on Twitter.
949
00:59:37.820 --> 00:59:44.775
He has a tendency to sit down with Peter McCormick a lot. He's well known. Right? He's a well known dude. Uses Glassnode.
950
00:59:45.075 --> 00:59:50.375
Probably pays through the nose for it. I don't know how much it costs but I know Glassnode is not giving up their shit for free.
951
00:59:51.400 --> 00:59:52.540
According to this,
952
00:59:53.480 --> 00:59:55.500
this takes the place of of Glassnode
953
00:59:55.880 --> 01:00:08.095
and not only is it free, you can self host it if you want to, quote, I'm very pleased to finally and officially share with the world satanomics which is a suite of tools that computes, distributes and displays on chain data.
954
01:00:08.750 --> 01:00:10.930
The generated datasets are very heterogeneous
955
01:00:11.230 --> 01:00:13.330
and can be used for many different purposes.
956
01:00:13.710 --> 01:00:15.730
In a nutshell, you can view this
957
01:00:16.065 --> 01:00:16.565
as,
958
01:00:16.945 --> 01:00:20.964
the FOSS and self hostable version of Glassnode and thus a complimentary
959
01:00:21.265 --> 01:00:22.244
tool to mempool.space.
960
01:00:23.539 --> 01:00:29.319
I've been working for a long time now and quit my first job to work on this full time since November of 2023.
961
01:00:30.099 --> 01:00:36.585
I strongly believe that it is a very that it's very important that anyone should have full access and free access
962
01:00:37.285 --> 01:00:39.225
and be able to verify and visualize
963
01:00:39.525 --> 01:00:44.490
any kind of data from the network. And so, you'll find many of the charts and soon dashboards
964
01:00:44.950 --> 01:00:48.809
or routes through an API if you prefer it raw to do anything
965
01:00:49.275 --> 01:00:54.175
from doing a health check, gain insight into the current or past state of the network,
966
01:00:55.195 --> 01:01:00.329
or even trading. I don't care. Do what you want. I realize it's not as exciting as e cash
967
01:01:00.630 --> 01:01:09.485
and nostril or Bitcoin tools, but it can be something that knee or it has to be it's something that needed to be done. We cannot have fiat minded
968
01:01:09.945 --> 01:01:10.445
$700
969
01:01:11.545 --> 01:01:16.330
a month closed tools like glass nodes being the go to. So, that answers my question.
970
01:01:17.030 --> 01:01:20.570
Glass node for a full subscription cost $700 a month.
971
01:01:20.885 --> 01:01:22.825
Do you have $700 a month?
972
01:01:23.685 --> 01:01:26.585
Even if I did, I'm not gonna give it to Glassnode.
973
01:01:27.605 --> 01:01:28.105
And
974
01:01:29.289 --> 01:01:31.950
let's go through the rest of it because it it it it's
975
01:01:32.410 --> 01:01:33.950
it's this is important again
976
01:01:34.490 --> 01:01:41.385
the project is in very early stages and the web app will have bugs it does have bugs the API might break and the data can definitely
977
01:01:42.245 --> 01:01:47.145
be false or slightly false the project is split into 3 parts
978
01:01:47.990 --> 01:01:48.650
a parser,
979
01:01:49.270 --> 01:01:50.810
a small server which automatically
980
01:01:51.190 --> 01:01:53.690
creates route access through the API,
981
01:01:54.150 --> 01:01:57.370
and a web app which displays the generated datasets.
982
01:01:58.055 --> 01:01:58.555
Okay.
983
01:01:59.415 --> 01:02:00.475
So this thing is
984
01:02:01.815 --> 01:02:02.315
phenomenal.
985
01:02:03.255 --> 01:02:13.100
It's so phenomenal in fact. Let me make sure. Okay. That's a different deal. So phenomenal that I'm going to throw it over here so that we can look to see what the hell is going on.
986
01:02:15.615 --> 01:02:19.395
If you look over here, okay, so it's a website for those in the audio.
987
01:02:20.095 --> 01:02:21.315
At first glance,
988
01:02:21.695 --> 01:02:24.115
it throws up a price chart.
989
01:02:24.560 --> 01:02:26.420
Well, I can get that from TradingView.
990
01:02:27.680 --> 01:02:30.100
Yeah, but can you get the
991
01:02:30.640 --> 01:02:31.460
let's see.
992
01:02:32.515 --> 01:02:33.494
Can you get
993
01:02:34.674 --> 01:02:36.214
with 1 click of a button,
994
01:02:37.474 --> 01:02:39.015
are you able to actually
995
01:02:39.315 --> 01:02:40.454
get and extract
996
01:02:41.260 --> 01:02:42.400
all of the information
997
01:02:43.500 --> 01:02:46.720
for the averages, like the 200 day moving average?
998
01:02:47.099 --> 01:03:00.290
You got a 1 week moving average? Well, this 1 I've got a 1 week, an 8 day, a 13 day, a 21 day, a 1 month, a 30 4 day, a 55 day, an 89 day, a 144 day, a 1 year, 2 year, 200 week, and a 4 year.
999
01:03:00.830 --> 01:03:01.810
All of the lines
1000
01:03:02.430 --> 01:03:03.810
are represented together
1001
01:03:04.350 --> 01:03:05.730
given the price data
1002
01:03:06.875 --> 01:03:14.655
and this all is being crunched on my machine how do I know because my GPU fan just started freaking going nuts
1003
01:03:15.990 --> 01:03:19.450
and if you look if you go to and it's app
1004
01:03:20.150 --> 01:03:20.650
app.satanomics.xyz
1005
01:03:22.470 --> 01:03:23.290
that's app.satanomics
1006
01:03:25.435 --> 01:03:25.935
dotxyz
1007
01:03:26.795 --> 01:03:30.015
you can play with it too but that's it's not just price
1008
01:03:30.715 --> 01:03:31.695
there's there's
1009
01:03:32.075 --> 01:03:34.335
stuff about the weekly sum of
1010
01:03:34.740 --> 01:03:35.640
mind blocks.
1011
01:03:36.260 --> 01:03:38.520
There is what else is in here?
1012
01:03:38.820 --> 01:03:39.800
There's realized,
1013
01:03:40.660 --> 01:03:42.680
realized price or a rather
1014
01:03:44.145 --> 01:03:44.645
realized
1015
01:03:45.345 --> 01:03:45.845
capitalization
1016
01:03:47.265 --> 01:03:48.165
of addresses
1017
01:03:48.545 --> 01:03:51.205
by size, and I'm looking at capitalization
1018
01:03:52.170 --> 01:03:54.830
of the size of wallets that are known as plankton,
1019
01:03:55.290 --> 01:03:59.710
which is people like with basically like, you know, a couple of 100, 000 satoshis.
1020
01:04:00.085 --> 01:04:03.545
If I scroll down and I'm just scrolling down the left hand view,
1021
01:04:04.644 --> 01:04:10.369
vaulted supply. What is that? Looks like the vaulted supply is mean, we're talking like there's a like there's gotta be at least
1022
01:04:12.190 --> 01:04:12.690
a100
1023
01:04:18.345 --> 01:04:25.885
I mean, we're talking like there's a like there's got to be at least a 100 different things that you can look at. And I'm just scratching the surface.
1024
01:04:26.345 --> 01:04:28.204
And by the way, it looks like
1025
01:04:28.570 --> 01:04:30.110
let's see if I go to nostril
1026
01:04:30.490 --> 01:04:34.350
it basically takes it's got a nostril button and it takes me directly to
1027
01:04:35.130 --> 01:04:36.270
yeah. Satanomics.
1028
01:04:37.164 --> 01:04:38.865
Xxy or the satanomics,
1029
01:04:40.285 --> 01:04:46.464
nostril account. The the nostril in public takes takes me directly there so that I can go support this guy.
1030
01:04:47.850 --> 01:04:50.990
I this it's like having Glassnote for free.
1031
01:04:51.690 --> 01:04:52.750
Okay? So
1032
01:04:53.610 --> 01:04:55.974
go over to app. Satonomics.
1033
01:04:56.595 --> 01:04:57.095
Xyz
1034
01:04:59.234 --> 01:05:00.055
and then go
1035
01:05:00.595 --> 01:05:01.815
over to find satonomics
1036
01:05:03.800 --> 01:05:06.380
over on Noster and give that account a follow.
1037
01:05:07.720 --> 01:05:10.220
You don't want to sleep on a tool like this.
1038
01:05:10.680 --> 01:05:20.735
Now, keep in mind, all this shit's beta, All this shit's gonna break. Some days you're gonna go to it when you really need it. It's not gonna be there for you. Stop getting pissed about shit like that.
1039
01:05:21.260 --> 01:05:26.080
All of us are in very, very early days. My god, my fan is just going nuts.
1040
01:05:26.460 --> 01:05:26.960
Now,
1041
01:05:28.194 --> 01:05:31.415
let's see if I can do this real quick for you.
1042
01:05:34.595 --> 01:05:35.095
Hornets,
1043
01:05:35.800 --> 01:05:38.060
h o r n e t storage.
1044
01:05:38.840 --> 01:05:39.740
It's a multimedia
1045
01:05:40.200 --> 01:05:40.700
nostril
1046
01:05:41.080 --> 01:05:41.580
relay.
1047
01:05:42.040 --> 01:05:42.845
And hornets
1048
01:05:43.244 --> 01:05:48.385
stands for hash organized relay network enabling tamper resistant storage.
1049
01:05:49.085 --> 01:05:50.865
I'm reading from the hornet
1050
01:05:51.244 --> 01:05:51.744
storage,
1051
01:05:52.590 --> 01:05:53.090
Github.
1052
01:05:53.470 --> 01:05:54.290
The multimedia
1053
01:05:54.670 --> 01:05:55.730
Nostra Relay
1054
01:05:56.430 --> 01:05:58.930
supports chunked files with psionic
1055
01:05:59.390 --> 01:06:04.964
Merkle trees, which I don't know what that means. I know what'smerkle tree is, but I'm not sure what psionic is.
1056
01:06:05.265 --> 01:06:08.964
And un chunked files with Blossom. Here comes Blossom again.
1057
01:06:09.610 --> 01:06:13.950
With or in a modular way, allowing operators and here's the gist
1058
01:06:14.650 --> 01:06:18.590
to configure what they want to store. This is a front end
1059
01:06:19.215 --> 01:06:26.435
to your Nostra Relay, if you want to run a Nostra Relay. It allows you to lift yourself out of command line or CLI stuff
1060
01:06:26.920 --> 01:06:33.020
and get into a graphic user interface that allows you to say: I only want to host JPEG files.
1061
01:06:34.015 --> 01:06:40.675
I only want to have these kinds of notes, and but it's it's, you know, it's a way for you to configure
1062
01:06:41.740 --> 01:06:42.800
your relay
1063
01:06:43.260 --> 01:06:50.240
in a graphic user environment, but it's got a lot of stuff on the back end. But as as far as when you first open it to look at it,
1064
01:06:50.955 --> 01:06:51.935
it is definitely
1065
01:06:52.235 --> 01:06:55.455
something that you like a bumper that you put on to your relay
1066
01:06:55.835 --> 01:06:57.535
as a car so that you can
1067
01:06:58.769 --> 01:07:05.430
address your car in a or your nostril relay in a much easier manner that's why things are called a front end
1068
01:07:06.035 --> 01:07:08.055
so I asked the developer who is
1069
01:07:08.515 --> 01:07:09.015
colby
1070
01:07:09.715 --> 01:07:10.215
serpa
1071
01:07:13.475 --> 01:07:14.935
clearly on nostr
1072
01:07:15.840 --> 01:07:18.980
and I asked him a question. I say, is this a GUI
1073
01:07:19.280 --> 01:07:20.740
or graphic user interface
1074
01:07:21.200 --> 01:07:22.020
to configure
1075
01:07:22.320 --> 01:07:22.820
and
1076
01:07:23.165 --> 01:07:25.185
keep tabs on my own relay?
1077
01:07:25.805 --> 01:07:27.585
And he says, yes
1078
01:07:28.365 --> 01:07:33.369
and to configure it. So he's kind of answered that I kind of answered that question for myself
1079
01:07:33.750 --> 01:07:36.970
but this is a way for you to interact with your relay
1080
01:07:37.349 --> 01:07:42.855
and this is what I had always wanted when I first saw that the guys over at my node BTC
1081
01:07:43.955 --> 01:07:52.050
allowed me the option to spin up a nostril relay but there was no interacting with it And even the 1 that I've got on my start 9,
1082
01:07:52.430 --> 01:07:53.170
I can't
1083
01:07:53.470 --> 01:07:59.570
really interact with it. I mean I I could if I had the, you know, better computer chops but I don't.
1084
01:08:00.015 --> 01:08:07.474
I am a guy that's a visual guy. I love graphic user interfaces even though most developers hate them because they eat so much
1085
01:08:08.590 --> 01:08:09.090
memory
1086
01:08:09.390 --> 01:08:10.450
compute cycles
1087
01:08:11.150 --> 01:08:13.330
they get a little they get a little weird
1088
01:08:13.630 --> 01:08:23.215
there's I mean so I understand that but the developers if you guys will listen to people like me that say I really like interacting with something that's highly technical
1089
01:08:23.810 --> 01:08:26.310
in a way that's got switches buttons and knobs
1090
01:08:27.970 --> 01:08:36.765
that's just sort of the way that I work and this is what this does It gives me switches, buttons, and knobs, and it plugs it. It's basically, it's like a faceplate
1091
01:08:37.225 --> 01:08:43.980
to my nostril relay. And it says, oh, I basically, it says, I see you have got a nostril relay. I'm going to, like, literally
1092
01:08:44.520 --> 01:08:47.900
let you configure this nostril relay, not anybody else's
1093
01:08:48.315 --> 01:08:50.015
with switches, buttons, and knobs.
1094
01:08:50.795 --> 01:08:55.135
So, go check that shit out as quick as you possibly can.
1095
01:08:55.710 --> 01:08:56.690
And lastly,
1096
01:08:57.950 --> 01:08:58.450
locust.
1097
01:08:59.150 --> 01:09:02.210
I just wanted to mention it's not anything to do with Nostra and Bitcoin,
1098
01:09:02.655 --> 01:09:09.795
but it is free and open source. It is a free and open source app for Android and iOS that allows you to share your location
1099
01:09:10.710 --> 01:09:11.210
live.
1100
01:09:12.310 --> 01:09:13.930
Oh my god. Why would you do that?
1101
01:09:14.790 --> 01:09:16.969
Because it encrypts your location
1102
01:09:17.510 --> 01:09:19.610
end to end, meaning that
1103
01:09:20.135 --> 01:09:23.755
no 1, except the people that you choose to see your location,
1104
01:09:24.455 --> 01:09:26.074
can actually see your location.
1105
01:09:27.655 --> 01:09:38.360
Again, all of these. All of the links to everything and I'm actually reading this from a GitHub all of these links will be in the show notes. So, if you're interested in having
1106
01:09:39.225 --> 01:09:43.885
an app on your phone that allows you to give your location only to
1107
01:09:44.265 --> 01:09:47.805
on an end to end encryption basis to people that you trust,
1108
01:09:48.160 --> 01:09:51.140
then go to the show notes, find this link. It's GitHub
1109
01:09:51.840 --> 01:09:53.460
forward slash myzel394.
1110
01:09:55.360 --> 01:09:58.495
It's Mizel is the guy's name. Mizel 394.
1111
01:09:59.195 --> 01:09:59.935
And lastly,
1112
01:10:00.555 --> 01:10:01.055
OpenSats
1113
01:10:01.435 --> 01:10:04.815
grants long term support for Russ Nostra maintainer, Yuki
1114
01:10:05.329 --> 01:10:05.829
Kishimoto.
1115
01:10:07.090 --> 01:10:10.309
Let's see. He is the maintainer and creator of Rust Noster,
1116
01:10:10.690 --> 01:10:14.070
which is obviously a Rust implementation of the Noster protocol.
1117
01:10:14.595 --> 01:10:16.855
He also has contributed to other projects.
1118
01:10:17.475 --> 01:10:20.375
So he's he says that he's honored to have been selected.
1119
01:10:20.675 --> 01:10:26.890
You've realized my dream working full time on open source projects as an independent developer. Thank you so much. OpenSats
1120
01:10:27.430 --> 01:10:32.025
and donors, Yuki said in a response. So Rust implementation of Noster,
1121
01:10:32.405 --> 01:10:33.705
we need as many implementations
1122
01:10:34.005 --> 01:10:39.865
of all these things, Noster, Lightning, eCash, Bitcoin that we can possibly get our hands on.
1123
01:10:40.590 --> 01:10:47.570
So that will do it for the show and I'm going to just go ahead and can it right here and say that I will see you on the other side.
1124
01:10:48.265 --> 01:10:56.045
This has been Bitcoin, and and I'm your host, David Bennett. I hope you enjoyed today's episode and hope to see you again real soon.
1125
01:10:56.750 --> 01:10:57.890
Have a great day.