Bitcoin Treasury Implodes After 4-Month Lockout - Fed Holds, Hawks Want Higher の全文書き起こし

which is bit 41 00:02:23.120 --> 00:02:27.820 byconomy .com. It's been holding all their treasury 42 00:02:27.820 --> 00:02:32.720 funds, and they've been requesting, for four months. 43 00:02:32.720 --> 00:02:34.280 And I think I took a lot, a 44 00:02:34.280 --> 00:02:36.160 look, the initial crash of the stock was 45 00:02:36.160 --> 00:02:38.360 like 50%. So I guess that remaining 50 46 00:02:38.360 --> 00:02:40.760 % is just straight up speculation that at 47 00:02:40.760 --> 00:02:42.840 some point they'll be able to be able 48 00:02:42.840 --> 00:02:45.700 to withdraw. But yeah, I mean, Jens, what 49 00:02:45.700 --> 00:02:47.160 do you, what do you think about this? 50 00:02:47.160 --> 00:02:50.360 Do you think there's possibilities that we see 51 00:02:50.360 --> 00:02:53.380 other stuff like this in the future? Or 52 00:02:53.380 --> 00:02:55.580 is this going to be relegated to relatively 53 00:02:55.580 --> 00:03:00.000 unknown? What is bank?! I'm not, I'm not, 54 00:03:00.000 --> 00:03:02.400 heard of this treasury company or this exchange 55 00:03:02.400 --> 00:03:06.080 like these cannot be real things they all 56 00:03:06.080 --> 00:03:07.520 they are real things yeah man just pull 57 00:03:07.520 --> 00:03:09.280 up here because bennas soon did a little 58 00:03:09.280 --> 00:03:12.040 bit it's crazy i got 700 bitcoin vault 59 00:03:12.040 --> 00:03:17.180 here we're putting it in big conomy don't 60 00:03:17.180 --> 00:03:20.900 you dare use by i'll find the details 61 00:03:20.900 --> 00:03:22.660 but they're down 42 percent on the month 62 00:03:22.660 --> 00:03:23.440 but i was like let me check out 63 00:03:23.440 --> 00:03:24.840 like a little bit of a longer timeline 64 00:03:24.840 --> 00:03:28.080 year to date down 88 point eight one 65 00:03:28.080 --> 00:03:32.540 year 97 .57 .57. Not looking so great, 66 00:03:32.540 --> 00:03:33.640 but let me get also I like how 67 00:03:33.640 --> 00:03:35.900 they went for the AI play too. Like 68 00:03:35.900 --> 00:03:41.460 they're just doing everything. Yeah, yeah, that's got 69 00:03:41.460 --> 00:03:43.900 to be, it's like the, what was the, 70 00:03:43.900 --> 00:03:45.720 the ice tea company that changed the Long 71 00:03:45.720 --> 00:03:48.640 Island, Long Island blockchain, baby. Long Island, that's 72 00:03:48.640 --> 00:03:49.860 what it was. Thank you. Do you mean, 73 00:03:49.860 --> 00:03:51.580 what's that meme of the guy? The Long 74 00:03:51.580 --> 00:04:01.780 Island, the tech company? Man, I mean, this 75 00:04:01.780 --> 00:04:04.140 is why none of us will recommend that 76 00:04:04.140 --> 00:04:07.660 you do anything but buy Bitcoin, right? Like, 77 00:04:07.660 --> 00:04:09.780 you need to know that, and like, again, 78 00:04:09.780 --> 00:04:11.240 I've been very vocal about this. Joey has 79 00:04:11.240 --> 00:04:13.440 not been very vocal about it, but I, 80 00:04:13.440 --> 00:04:15.380 you know, Joey and I both own MSTR, 81 00:04:15.380 --> 00:04:16.700 right? Some of us just tell the truth 82 00:04:16.700 --> 00:04:18.820 in public, others mislead their guests. That's fine. 83 00:04:18.820 --> 00:04:21.480 To each their own cultural differences, Canadian stuff, 84 00:04:21.480 --> 00:04:26.500 whatever. But the point is, this is why, 85 00:04:26.500 --> 00:04:29.000 as I think as Bitcoiners like, it's really 86 00:04:29.000 --> 00:04:30.960 hard to be like, yeah, you should do 87 00:04:30.960 --> 00:04:32.500 anything but Bitcoin, because there's just so much 88 00:04:32.500 --> 00:04:34.660 risk involved. Like, most of the benefits are 89 00:04:34.660 --> 00:04:36.040 lost if a trusted third party is still 90 00:04:36.040 --> 00:04:37.740 required, right? Like, when you are buying a 91 00:04:37.740 --> 00:04:41.060 security that is like, there are so many 92 00:04:41.060 --> 00:04:44.500 trusted third parties involved, right? And also, if 93 00:04:44.500 --> 00:04:46.020 you get screwed and the stock goes to 94 00:04:46.020 --> 00:04:48.100 zero, like, it's, you know, okay, you lose 95 00:04:48.100 --> 00:04:50.200 all your Bitcoin in a, you know, freak 96 00:04:50.200 --> 00:04:52.940 entropy accident or because you didn't have a, 97 00:04:52.940 --> 00:04:55.940 you know, laboratory grade scale for measuring your 98 00:04:55.940 --> 00:04:59.440 casino grade dice, like, whatever, that sucks. But 99 00:04:59.440 --> 00:05:01.800 like, there's nobody to fall back on. There's 100 00:05:01.800 --> 00:05:03.080 nobody to fall back on here either. Like, 101 00:05:03.080 --> 00:05:04.120 you're not going to be able to, you're 102 00:05:04.120 --> 00:05:04.840 not going to be able to sue these 103 00:05:04.840 --> 00:05:07.000 guys, right? Like, they're maybe, okay, they get 104 00:05:07.000 --> 00:05:08.680 tied up in lawsuits, well, the class action 105 00:05:08.680 --> 00:05:12.480 lawsuit against Bitconomy or whatever this exchanges. That 106 00:05:12.480 --> 00:05:15.860 sounds fake, honestly, like it sounds like a 107 00:05:15.860 --> 00:05:17.940 fake exchange, but whatever. I think this is 108 00:05:17.940 --> 00:05:19.520 just a great reminder that, like, that's why 109 00:05:19.520 --> 00:05:23.440 everything that's not Bitcoin is pure speculation. Let 110 00:05:23.440 --> 00:05:25.800 me put it that way. Yeah, people are, 111 00:05:25.800 --> 00:05:27.000 the funny thing is people like to say, 112 00:05:27.000 --> 00:05:28.660 oh, Bitcoin's just speculation. It's like, no, actually 113 00:05:28.660 --> 00:05:31.440 Bitcoin's the thing you don't have to speculate 114 00:05:31.440 --> 00:05:34.900 on. You don't have to make guesses about 115 00:05:34.900 --> 00:05:37.340 what is the management team of Bitcoin going 116 00:05:37.340 --> 00:05:38.880 to do. You don't have to make guesses 117 00:05:38.880 --> 00:05:42.700 about dependencies on other external third parties that 118 00:05:42.700 --> 00:05:45.480 your third parties, you don't have dependencies on. 119 00:05:45.480

--> 00:05:47.800 You don't have to do that. You don't 120 00:05:47.800 --> 00:05:50.780 have to speculate. You can just save. And 121 00:05:50.780 --> 00:05:52.020 it may be boring and you may get 122 00:05:52.020 --> 00:05:53.680 kind of like wrecked a lot of times. 123 00:05:53.680 --> 00:05:55.840 And, you know, you may also lose a 124 00:05:55.840 --> 00:05:58.320 bunch of money in a freak entropy accident. 125 00:05:58.320 --> 00:06:00.720 or, you know, get $5 wrench attacked because 126 00:06:00.720 --> 00:06:03.480 every single Bitcoin hardware wallet company leaked your 127 00:06:03.480 --> 00:06:06.060 home address. But like, hey, it could be 128 00:06:06.060 --> 00:06:07.740 worse, you know, you could be down 97 129 00:06:07.740 --> 00:06:10.080 % on some shit coin, uh, shit coin 130 00:06:10.080 --> 00:06:12.680 equivalent of, you know, treasury stock. Like, I 131 00:06:12.680 --> 00:06:14.980 don't know, stick with Bitcoin friends. Stick with 132 00:06:14.980 --> 00:06:17.820 Bitcoin. End of mini rent. Agreed. Joey, your 133 00:06:17.820 --> 00:06:19.040 thoughts? By the way, it looks like I 134 00:06:19.040 --> 00:06:20.600 was trying to figure it out. So, uh, 135 00:06:20.600 --> 00:06:23.800 Datavalt is in Philadelphia and Bitcoin, I couldn't 136 00:06:23.800 --> 00:06:25.840 get confirmation of where they're actually head, uh, 137 00:06:25.840 --> 00:06:28.800 headquartered. There's some suggestions. it might be Singapore, 138 00:06:28.800 --> 00:06:30.340 but I can't say that for certain. I 139 00:06:30.340 --> 00:06:32.220 was going to guess the Caymans, you know. 140 00:06:32.220 --> 00:06:37.980 Jeez. Bahamas, like, you know, it's just fake. 141 00:06:37.980 --> 00:06:43.760 Okay, so by economy, again, fake name, has, 142 00:06:43.760 --> 00:06:46.100 just in my quick research here, about 115 143 00:06:46.100 --> 00:06:52.500 million under management, and then has this $93 144 00:06:52.500 --> 00:06:58.240 million dollar, like, freeze on an American. companies 145 00:06:58.240 --> 00:07:01.860 Bitcoin who chose not to use Coinbase or 146 00:07:01.860 --> 00:07:05.640 fidelity or that's the mind blowing part. Well, 147 00:07:05.640 --> 00:07:07.180 this makes me, honestly, Walker, makes me think 148 00:07:07.180 --> 00:07:09.040 something fishy is going on. This is how 149 00:07:09.040 --> 00:07:11.500 it makes me feel. Yeah, like something is 150 00:07:11.500 --> 00:07:13.520 up here. Why would this company with that 151 00:07:13.520 --> 00:07:16.060 much money not go to one of the 152 00:07:16.060 --> 00:07:19.380 more well -known, more, you know, I don't 153 00:07:19.380 --> 00:07:20.460 want to say ethical because I just don't 154 00:07:20.460 --> 00:07:22.000 know what they're thinking, but like the more 155 00:07:22.000 --> 00:07:26.880 recognizable and, you know, maybe more legitimate custody 156 00:07:26.880 --> 00:07:29.500 providers. Like what, what is the rationale for 157 00:07:29.500 --> 00:07:31.760 going to these

guys? We've been doing this 158 00:07:31.760 --> 00:07:34.400 podcast for a year, almost, if you can 159 00:07:34.400 --> 00:07:37.240 believe it. And in that year, we have 160 00:07:37.240 --> 00:07:40.860 not once mentioned on the periphery as part 161 00:07:40.860 --> 00:07:43.640 of the main line, either of these companies, 162 00:07:43.640 --> 00:07:45.920 ever, ever. We've never heard of them. We 163 00:07:45.920 --> 00:07:47.820 talk about custody. We talk, we've never mentioned 164 00:07:47.820 --> 00:07:49.720 these companies. None of us have ever heard 165 00:07:49.720 --> 00:07:52.060 of these companies in the decade leading up 166 00:07:52.060 --> 00:07:55.560 to this podcast. They've never come across our, 167 00:07:55.560 --> 00:07:58.280 I think something's amiss here. How many Bitcoin 168 00:07:58.280 --> 00:08:00.240 did they lose? Or how many Bitcoin are? 169 00:08:00.240 --> 00:08:02.120 I think it's 820 or so. They're looking 170 00:08:02.120 --> 00:08:04.980 to get back. 820. Yeah. It wasn't a 171 00:08:04.980 --> 00:08:07.180 small amount to pay $93 million or so, 172 00:08:07.180 --> 00:08:08.380 right? I think that's the number. And so 173 00:08:08.380 --> 00:08:10.840 that's very cool. So, Joey, just to add 174 00:08:10.840 --> 00:08:12.140 to that, I've been able to track. I'm 175 00:08:12.140 --> 00:08:13.680 trying to get like some more information out 176 00:08:13.680 --> 00:08:14.800 to try and pull this apart a little 177 00:08:14.800 --> 00:08:16.320 bit. Because you're right. It seems like the 178 00:08:16.320 --> 00:08:19.600 Bitcoin moved between accounts within Biconomy. And why 179 00:08:19.600 --> 00:08:20.640 would they go with them as well, too? 180 00:08:20.640 --> 00:08:23.800 Well, Data Vault also has their own token. 181 00:08:23.800 --> 00:08:27.080 It was also listed on Biconomy. Okay. And 182 00:08:27.080 --> 00:08:30.360 so I'm. I'm wondering if maybe we had 183 00:08:30.360 --> 00:08:32.420 a token for token for claim behind the 184 00:08:32.420 --> 00:08:34.340 scenes to try and justify or have all 185 00:08:34.340 --> 00:08:36.320 that was necessary up there. Okay. Fix the 186 00:08:36.320 --> 00:08:38.580 books up or something. Something going on there 187 00:08:38.580 --> 00:08:40.900 because there's no, there's no rationale. Now, what 188 00:08:40.900 --> 00:08:43.700 I'd like to know is, uh, is the 189 00:08:43.700 --> 00:08:49.140 CEO of Bikonomy of Cayman Island descent. I 190 00:08:49.140 --> 00:08:51.020 would love to know this because to me, 191 00:08:51.020 --> 00:08:52.760 this is the last piece of the puzzle. 192 00:08:52.760 --> 00:08:55.080 If we can pin this guy's lineage to 193 00:08:55.080 --> 00:08:57.120 the Caymans, we can just wrap this story 194 00:08:57.120 --> 00:08:58.840 up, and go to the next story. There's 195 00:08:58.840 --> 00:09:00.680 nothing else to talk about here. This guy, 196 00:09:00.680 --> 00:09:03.040 this is already suspicious. What's that? Are you 197 00:09:03.040 --> 00:09:06.720 sleuthing right now? Yes. Hell yeah, he is. 198 00:09:06.720 --> 00:09:08.580 It'll be solid. We gotta find this out. 199 00:09:08.580 --> 00:09:10.200 Because, because there's no other reason why you 200 00:09:10.200 --> 00:09:12.020 would ever do this. But there's so many 201 00:09:12.020 --> 00:09:14.280 options. And God knows, like any properly run 202 00:09:14.280 --> 00:09:17.060 company, you'd never get this past your board. 203 00:09:17.060 --> 00:09:18.460 Your board of directors is never going to 204 00:09:18.460 --> 00:09:21.360 go. We're going with byconomy. I'm thinking bi 205 00:09:21.360 --> 00:09:27.980 -conomy. Looks like Dubai. Okay. All right. And 206 00:09:27.980 --> 00:09:32.680 he's actually, like, from Dubai or residency there? 207 00:09:32.680 --> 00:09:34.740 Whereas I couldn't find where he personally lives. 208 00:09:34.740 --> 00:09:36.620 His public appearances point to Dubai in April 209 00:09:36.620 --> 00:09:38.640 25. He gave a keynote a blockchain disrupt 210 00:09:38.640 --> 00:09:41.020 in Dubai and sat on an exchange panel 211 00:09:41.020 --> 00:09:44.420 at coin. Was it Forenix? For instance, X, 212 00:09:44.420 --> 00:09:46.100 also in Dubai. Where the company is, the 213 00:09:46.100 --> 00:09:48.020 answers don't match, which is working, which is 214 00:09:48.020 --> 00:09:50.780 worth knowing itself. Early on, it called itself 215 00:09:50.780 --> 00:09:55.300 Canadian in 2021. Released from Toronto as leading 216 00:09:55.300 --> 00:09:59.040 cryptocurrency exchange in Canada, right? Damn that. Today, 217 00:09:59.040 --> 00:10:01.760 recent profiles say it's registered in British Virgin 218 00:10:01.760 --> 00:10:04.480 Isles based in Dubai. There we go. There 219 00:10:04.480 --> 00:10:06.500 we go. How about that? There you go. 220 00:10:06.500 --> 00:10:07.400 So it looks like we got some sneaky 221 00:10:07.400 --> 00:10:10.300 money moving. But again, it's legit. For sure. 222 00:10:10.300 --> 00:10:12.820 Where's Zach XPT? Zachsbt should be spending some 223 00:10:12.820 --> 00:10:14.120 time on this. That's the guy we need 224 00:10:14.120 --> 00:10:16.760 on this story. Yeah, he's incredible. Hell yeah, 225 00:10:16.760 --> 00:10:28.160 he is. we've seen from hardware wallets to 226 00:10:28.160 --> 00:10:29.280 even we'll talk about a little bit later 227 00:10:29.280 --> 00:10:31.540 some some issues maybe in core that have 228 00:10:31.540 --> 00:10:34.300 been patched there's already so much infrastructure there 229 00:10:34.300 --> 00:10:35.760 why do you want to layer on top 230 00:10:35.760 --> 00:10:38.200 of it the decisions of another company plus 231 00:10:38.200 --> 00:10:41.600 their infrastructure how they're automating withdraws and deposits 232 00:10:41.600 --> 00:10:43.160 and things of that nature you're just adding 233 00:10:43.160 --> 00:10:45.500 additional layers that even just software risk you 234 00:10:45.500 --> 00:10:46.900 don't want to

necessarily be exposed there but 235 00:10:46.900 --> 00:10:49.480 ben i'm curious your thoughts yeah i mean 236 00:10:49.480 --> 00:10:51.800 again i think joey's right the whole thing 237 00:10:51.800 --> 00:10:54.960 just seems super fishy like you've got that 238 00:10:54.960 --> 00:10:58.080 that kind of a stack and you're going 239 00:10:58.080 --> 00:11:00.560 to toss it with like whatever the hell 240 00:11:00.560 --> 00:11:03.980 this company. Okay, one other thing, like, not 241 00:11:03.980 --> 00:11:06.460 to, you know, continue to be Smirch MVP, 242 00:11:06.460 --> 00:11:08.460 but did he also fail to recognize this 243 00:11:08.460 --> 00:11:10.540 company in his treasuries list? Are they even 244 00:11:10.540 --> 00:11:12.600 on, are they even on Bitcoin Treasuries? I'll 245 00:11:12.600 --> 00:11:14.640 find out. Like, that's another thing. Like, these 246 00:11:14.640 --> 00:11:16.280 guys are just completely under the radar on 247 00:11:16.280 --> 00:11:18.300 that, too. Come on. I don't believe this 248 00:11:18.300 --> 00:11:21.540 for a second. Yeah, yeah, fair. Well, while 249 00:11:21.540 --> 00:11:23.100 you guys look that up, I want to 250 00:11:23.100 --> 00:11:26.600 pull up the next thing here. So, uh, 251 00:11:26.600 --> 00:11:30.780 we see, we see, saw the Fed and 252 00:11:30.780 --> 00:11:35.140 they held rates. So we have, here's a 253 00:11:35.140 --> 00:11:37.820 summary of the Fed decision. As of today, 254 00:11:37.820 --> 00:11:41.320 Fed leaves interest rates unchanged after September hike. 255 00:11:41.320 --> 00:11:44.420 Rate pause was a 10 -2 decision with 256 00:11:44.420 --> 00:11:47.440 Cook and Hammack dissenting in favor of a 257 00:11:47.440 --> 00:11:50.800 rate hike. Fed says economic activity is expanding 258 00:11:50.800 --> 00:11:53.500 at a strong pace, and the Fed says 259 00:11:53.500 --> 00:11:57.660 inflation remains elevated and seeks more information that 260 00:11:57.660 --> 00:12:01.920 geopolitical developments are contributing to uncertainty and they 261 00:12:01.920 --> 00:12:05.340 reassert that the committee will deliver price stability 262 00:12:05.340 --> 00:12:08.520 higher for longer continues at the Fed from 263 00:12:08.520 --> 00:12:13.660 a Kobayasi letter uh bitcoin did get a 264 00:12:13.660 --> 00:12:16.420 little bump obviously we had a dump uh 265 00:12:16.420 --> 00:12:18.960 probably immediately after i took a picture of 266 00:12:18.960 --> 00:12:21.600 myself riding the bull in lugano uh so 267 00:12:21.600 --> 00:12:23.520 my bad on that guys but uh it 268 00:12:23.520 --> 00:12:27.860 seems that the fed has reversed my poor 269 00:12:27.860 --> 00:12:33.220 drunk photography decisions. So here we are. I 270 00:12:33.220 --> 00:12:34.840 mean, we were chatting about, we've been chatting 271 00:12:34.840 --> 00:12:37.460 chatting about this for a while, but, uh, 272 00:12:37.460 --> 00:12:39.620 you know, we were, we've been speculating for 273 00:12:39.620 -->

00:12:41.060 a little bit whether or not there'd be 274 00:12:41.060 --> 00:12:42.660 a hike or whether they're just going to 275 00:12:42.660 --> 00:12:45.060 sit on it here. Uh, do you think 276 00:12:45.060 --> 00:12:46.800 the midterms has a lot to do with 277 00:12:46.800 --> 00:12:49.840 this or? Honestly, no. Like, if I thought 278 00:12:49.840 --> 00:12:50.900 the midterms were at play, I would think 279 00:12:50.900 --> 00:12:52.720 that they wouldn't have hiked. And you had 280 00:12:52.720 --> 00:12:54.600 two dissenting voices out of the 12 there 281 00:12:54.600 --> 00:12:56.860 and they were, uh, sorry, I had the 282 00:12:56.860 --> 00:12:58.900 background, sorry. I believe that you, I think 283 00:12:58.900 --> 00:13:00.160 this was probably the smart play because of 284 00:13:00.160 --> 00:13:01.580 the midterms, but we had two descending voices 285 00:13:01.580 --> 00:13:02.860 there that did want to hike. Now, I'm 286 00:13:02.860 --> 00:13:04.740 guessing that anybody else involved maybe want to 287 00:13:04.740 --> 00:13:06.760 wait for later. Plus, the economic data doesn't 288 00:13:06.760 --> 00:13:09.120 look. I mean, the inflation seems largely rooted 289 00:13:09.120 --> 00:13:10.860 in energy. So I'm not, I think this 290 00:13:10.860 --> 00:13:13.060 probably was the right call. And maybe, Joy, 291 00:13:13.060 --> 00:13:13.920 I'll go to you and get your thoughts 292 00:13:13.920 --> 00:13:15.260 only because we also had a decision from 293 00:13:15.260 --> 00:13:18.220 Canada today, too. I mean, Canada's decision is 294 00:13:18.220 --> 00:13:19.400 hilarious. We can talk about that if you 295 00:13:19.400 --> 00:13:21.800 want. But the Fed one is interesting to 296 00:13:21.800 --> 00:13:23.200 me for two reasons. One of them is 297 00:13:23.200 --> 00:13:24.600 around the election, this one and the one 298 00:13:24.600 --> 00:13:26.280 of 28. And then the other reason is 299 00:13:26.280 --> 00:13:28.940 because of the dissent. The dissenters were Lisa 300 00:13:28.940 --> 00:13:33.060 Cook, who is like ultra dove. And to 301 00:13:33.060 --> 00:13:36.680 see her go that direction, I find that 302 00:13:36.680 --> 00:13:38.800 a bit strange. We talked a lot on 303 00:13:38.800 --> 00:13:40.440 the show about, like, the idea that the 304 00:13:40.440 --> 00:13:42.160 Fed is looking to establish credibility. I think 305 00:13:42.160 --> 00:13:47.180 they've probably done it here. The midterms and 306 00:13:47.180 --> 00:13:50.360 the 28 election are interesting, you know, sort 307 00:13:50.360 --> 00:13:52.320 of points of focus now for me for 308 00:13:52.320 --> 00:13:56.520 two reasons. One, I think that the Fed 309 00:13:56.520 --> 00:13:59.660 really does become much more politicized if the 310 00:13:59.660 --> 00:14:02.080 Democrats win in a week or a week 311 00:14:02.080 --> 00:14:04.080 and a half or so. Because if they 312 00:14:04.080 --> 00:14:05.160 win a week and a half or so, 313 00:14:05.160 --> 00:14:07.360 then any move they make will be perceived 314 00:14:07.360 --> 00:14:11.320 as trying to hurt Democrats in the national 315 00:14:11.320 --> 00:14:15.660 election in 28 or help Republicans or vice 316 00:14:15.660 --> 00:14:17.300 versa. And so, like, you kind of are 317 00:14:17.300 --> 00:14:19.800 stuck at that point. And I realize that 318 00:14:19.800 --> 00:14:21.620 Warsh and the Federal Reserve generally tried not 319 00:14:21.620 --> 00:14:25.180 to be political. But you can't sit on 320 00:14:25.180 --> 00:14:27.540 your hands for 24 months if you're the 321 00:14:27.540 --> 00:14:29.980 Federal Reserve, not in this environment. So I 322 00:14:29.980 --> 00:14:31.780 don't know whether they'd actually prefer to see 323 00:14:31.780 --> 00:14:35.600 a Republican win in two weeks or not, 324 00:14:35.600 --> 00:14:36.780 but it would at least give them a 325 00:14:36.780 --> 00:14:38.240 little more cover. And then the other side 326 00:14:38.240 --> 00:14:39.140 of that point or the other part of 327 00:14:39.140 --> 00:14:41.340 that argument, I guess, is that, you know, 328 00:14:41.340 --> 00:14:43.060 almost no matter who wins in 28, the 329 00:14:43.060 --> 00:14:45.440 pressure is going to be to cut. Republicans 330 00:14:45.440 --> 00:14:47.560 want rates down. The president talks about it 331 00:14:47.560 --> 00:14:49.360 all the time. On the Democrat side, you 332 00:14:49.360 --> 00:14:51.080 have the Liz Warrens and sort of her 333 00:14:51.080 --> 00:14:53.740 ilk and her tribe there, no pun intended, 334 00:14:53.740 --> 00:14:56.080 talking about how they want rates down and 335 00:14:56.080 --> 00:14:59.180 writing open letters to Federal Reserve Chairman to 336 00:14:59.180 --> 00:15:01.200 the Reserve Chairman and to the Fed Board 337 00:15:01.200 --> 00:15:04.000 saying, look, we can't, Americans need this, the 338 00:15:04.000 --> 00:15:05.480 lower half of the K, blah, blah, blah, 339 00:15:05.480 --> 00:15:08.740 blah. In Canada, we decided to hike. And 340 00:15:08.740 --> 00:15:11.640 I'm like, not surprised, but I'm always reminded. 341 00:15:11.640 --> 00:15:13.580 It's kind of jarring. Every time I mention 342 00:15:13.580 --> 00:15:15.800 anything about, rate cuts around the time of 343 00:15:15.800 --> 00:15:18.780 the decision. And by the way, I wasn't 344 00:15:18.780 --> 00:15:21.980 alone yesterday posting threads on why the bank 345 00:15:21.980 --> 00:15:24.940 cannot, or shouldn't raise, I should say, does 346 00:15:24.940 --> 00:15:28.820 not support a raise and hike in rates. 347 00:15:28.820 --> 00:15:30.900 Employment data is not good. It's an energy 348 00:15:30.900 --> 00:15:32.980 shock. And the fact of the matter is 349 00:15:32.980 --> 00:15:34.120 the U .S. can do whatever they want 350 00:15:34.120 --> 00:15:35.560 with rates because they have a growth engine 351 00:15:35.560 --> 00:15:37.360 to turn up and down. And we don't 352 00:15:37.360 --> 00:15:39.040 have that growth

engine. The growth engine is 353 00:15:39.040 --> 00:15:40.160 in real estate. And by the way, our 354 00:15:40.160 --> 00:15:42.260 government knows this because they're trying to ramp 355 00:15:42.260 --> 00:15:45.340 up immigration. Yet again, to support housing. And 356 00:15:45.340 --> 00:15:47.680 so, like, we are in a different boat 357 00:15:47.680 --> 00:15:49.080 entirely than the United States. And I think 358 00:15:49.080 --> 00:15:50.560 a lot of people in my replies are 359 00:15:50.560 --> 00:15:52.760 talking about how you got to think about 360 00:15:52.760 --> 00:15:54.820 the cost of energy. You got to think 361 00:15:54.820 --> 00:15:56.560 about employment. You got to think about what 362 00:15:56.560 --> 00:15:57.840 the U .S. is going to do. You 363 00:15:57.840 --> 00:16:00.740 have to think about blah, blah, blah. No, 364 00:16:00.740 --> 00:16:03.300 the Canadian BOC is a single mandate bank. 365 00:16:03.300 --> 00:16:05.200 They care about price stability. That's it. They 366 00:16:05.200 --> 00:16:06.540 don't have any other mandate. There's no mandate 367 00:16:06.540 --> 00:16:08.220 on employment like the U .S. has. There's 368 00:16:08.220 --> 00:16:10.540 no broader mandate like the ECB talks about. 369 00:16:10.540 --> 00:16:12.500 These guys are, the ECB is actually a 370 00:16:12.500 --> 00:16:15.220 one. officially a one mandate bank too, but 371 00:16:15.220 --> 00:16:17.280 they also have some other documents around like 372 00:16:17.280 --> 00:16:18.860 what they think about when they look at 373 00:16:18.860 --> 00:16:22.440 rates. I think that what's going to happen 374 00:16:22.440 --> 00:16:25.080 here is the same thing that always happens. 375 00:16:25.080 --> 00:16:26.020 The Fed is going to chase the two 376 00:16:26.020 --> 00:16:27.480 -year. They're going to be six months late. 377 00:16:27.480 --> 00:16:29.280 People will complain they did something too early, 378 00:16:29.280 --> 00:16:30.960 complain they didn't do enough, whatever. And then 379 00:16:30.960 --> 00:16:33.180 heading toward the election in 28, you're going 380 00:16:33.180 --> 00:16:34.780 to see fireworks in bonds. You're going to 381 00:16:34.780 --> 00:16:36.900 see fireworks in the political side of things. 382 00:16:36.900 --> 00:16:38.260 And you're going to see fireworks in Fed 383 00:16:38.260 --> 00:16:41.540 pressure. These guys know that if they win 384 00:16:41.540 --> 00:16:44.120 in 28, the Democratic. know that if they 385 00:16:44.120 --> 00:16:47.020 win next week, between next week and 28, 386 00:16:47.020 --> 00:16:48.740 they want no cuts. They want race to 387 00:16:48.740 --> 00:16:52.440 stay high. They want the economy to drag, 388 00:16:52.440 --> 00:16:55.060 if not go, if not chopped, chopped downward 389 00:16:55.060 --> 00:16:57.020 for that period of time. And the Republicans 390 00:16:57.020 --> 00:16:59.000 want the opposite. I mean, for us in 391 00:16:59.000 --> 00:17:01.220 Bitcoin, it's great

to see that we don't 392 00:17:01.220 --> 00:17:02.880 respond to rate movements the way we did 393 00:17:02.880 --> 00:17:05.020 three years ago. But let's face it, like 394 00:17:05.020 --> 00:17:08.600 lower rates is bad for Dixie, good for 395 00:17:08.600 --> 00:17:11.100 us. That's a pretty solid lever to kind 396 00:17:11.100 --> 00:17:13.320 of like keep in mind. And, you know, 397 00:17:13.320 --> 00:17:13.760 if you know, if you're not, not getting 398 00:17:13.760 --> 00:17:15.280 that move, then you got to get your 399 00:17:15.280 --> 00:17:16.940 next sort of bump in price from somewhere 400 00:17:16.940 --> 00:17:18.240 else. And right now, we're still looking for 401 00:17:18.240 --> 00:17:24.220 that somewhere else. Maybe it'll come from the 402 00:17:24.220 --> 00:17:30.580 following. Daily dividends. My guy, Mike. There you 403 00:17:30.580 --> 00:17:33.320 go. Are you happy with him now, Joey? 404 00:17:33.320 --> 00:17:35.320 Yeah, Joey. I don't have him. The whole 405 00:17:35.320 --> 00:17:39.020 time. Let's be honest here. I don't have 406 00:17:39.020 --> 00:17:41.260 any shrine in his room. Should we buy 407 00:17:41.260 --> 00:17:43.240 SDRC, Walker? You want to start an SDRC 408 00:17:43.240 --> 00:17:44.760 podcast? We can shed the books. There you 409 00:17:44.760 --> 00:17:47.580 go. There you go. I was getting shit. 410 00:17:47.580 --> 00:17:50.100 I was getting shit. You had Adam Livingston 411 00:17:50.100 --> 00:17:53.800 on somebody. I was gone for like one 412 00:17:53.800 --> 00:17:56.700 week. I was like, oh, god damn it. 413 00:17:56.700 --> 00:17:59.860 Joe, we ran into some guest issues on 414 00:17:59.860 --> 00:18:03.340 Friday and Joe Coe said, you know, if 415 00:18:03.340 --> 00:18:04.540 we need some way, we can try and 416 00:18:04.540 --> 00:18:05.860 get Livingston. I was going to try and 417 00:18:05.860 --> 00:18:08.840 get Cratter, to be honest with you. Oh. 418 00:18:08.840 --> 00:18:11.380 Can you imagine? But I settled on Livingston. 419 00:18:11.380 --> 00:18:12.560 He was good guest. I know people don't 420 00:18:12.560 --> 00:18:13.880 agree with the Treasury thing. but I thought 421 00:18:13.880 --> 00:18:15.320 he was a good guest. I know he 422 00:18:15.320 --> 00:18:16.440 was, he did a wonderful job. He was 423 00:18:16.440 --> 00:18:17.600 a wonderful guest. I'll give you that. But 424 00:18:17.600 --> 00:18:19.400 I was just laughing from my hotel room, 425 00:18:19.400 --> 00:18:21.440 my beautiful hotel room was like, Jesus Christ, 426 00:18:21.440 --> 00:18:22.820 like I've only got for a week. And 427 00:18:22.820 --> 00:18:24.840 already, we've turned into truer north. All right, 428 00:18:24.840 --> 00:18:27.880 I know this is going. So the story 429 00:18:27.880 --> 00:18:32.000 here, MSTR shareholders have approved the Daily Dividends 430 00:18:32.000 --> 00:18:36.860 Amendment preliminary results show 99 .3 % of 431 00:18:36.860 --> 00:18:40.520 both cast were in favor.

So it enables 432 00:18:40.520 --> 00:18:44.560 their slew of products to accrue dividends every 433 00:18:44.560 --> 00:18:50.760 calendar day. Now, this obviously to like a 434 00:18:50.760 --> 00:18:54.500 yes and to what Strive is doing, but 435 00:18:54.500 --> 00:18:57.720 remember, just a week ago, Strive with the 436 00:18:57.720 --> 00:19:05.340 15 % dividends there, is this even enough? 437 00:19:05.340 --> 00:19:07.640 Like, is this going to tell me, tell 438 00:19:07.640 --> 00:19:11.060 me, Walker. Is it enough? I mean, it's 439 00:19:11.060 --> 00:19:14.100 always been enough, right? This is the thing. 440 00:19:14.100 --> 00:19:17.540 You contrast this, I literally have already forgotten 441 00:19:17.540 --> 00:19:20.040 the name of this, this treasury company that 442 00:19:20.040 --> 00:19:23.920 allegedly had many tens of millions of dollars 443 00:19:23.920 --> 00:19:27.840 in Bitcoin. Data Vault, yes. They got Vault 444 00:19:27.840 --> 00:19:30.700 in the name. Oh, my God. Sorry, I 445 00:19:30.700 --> 00:19:33.520 think it was Data Vault AI, because I 446 00:19:33.520 --> 00:19:36.380 think it's Data Vault AI now. Exactly. So, 447 00:19:36.380 --> 00:19:39.640 great, nice keywords in there, guys. You contrast 448 00:19:39.640 --> 00:19:43.200 that with what Sailor has been doing for 449 00:19:43.200 --> 00:19:46.460 you. years. Like, it surprises me, it doesn't 450 00:19:46.460 --> 00:19:47.680 surprise him when Joey fades him because I 451 00:19:47.680 --> 00:19:49.480 know Joey secretly loves him and he's a 452 00:19:49.480 --> 00:19:52.420 huge MSTR bold. That's fine. It's fine. But 453 00:19:52.420 --> 00:19:54.800 what surprises me is when people still fade 454 00:19:54.800 --> 00:19:56.760 Sailor, as it's like, oh, they got him 455 00:19:56.760 --> 00:19:58.660 this time. Like, how are you going to 456 00:19:58.660 --> 00:20:01.160 wiggle your way out of this one, Mike? 457 00:20:01.160 --> 00:20:03.060 And it's like, wiggles his way out because 458 00:20:03.060 --> 00:20:05.560 it's, he actually is fucking not an idiot 459 00:20:05.560 --> 00:20:08.080 and knows what he's doing. And as, I 460 00:20:08.080 --> 00:20:09.860 don't think people understand a conviction that this 461 00:20:09.860 --> 00:20:13.000 guy has. Like, if you're a fading sailor 462 00:20:13.000 --> 00:20:15.700 right now, And you haven't, again, as I've 463 00:20:15.700 --> 00:20:17.240 recommended people, do, go back and listen to 464 00:20:17.240 --> 00:20:19.440 a bunch of the early podcasts he did 465 00:20:19.440 --> 00:20:22.960 especially, like, this guy was, has been on 466 00:20:22.960 --> 00:20:26.300 a like mind -bending exploration of Bitcoin. He's 467 00:20:26.300 --> 00:20:28.700 gone down the rabbit hole in ways many 468 00:20:28.700 --> 00:20:30.840 of us have, but, you know, few people 469 00:20:30.840 --> 00:20:32.180 in the world have because we're still a 470 00:20:32.180 --> 00:20:35.680 tiny minority. He fucking gets Bitcoin.

He understands 471 00:20:35.680 --> 00:20:38.400 it very well. His first Bitcoin purchase was 472 00:20:38.400 --> 00:20:41.720 10 ,000 Bitcoin personally. Like, have you ever 473 00:20:41.720 --> 00:20:44.640 heard Eric Weiss tell that story? It's incredible. 474 00:20:44.640 --> 00:20:46.580 He's basically like, yeah, so Michael finally bought 475 00:20:46.580 --> 00:20:47.840 and he says, you know, oh, Eric, I 476 00:20:47.840 --> 00:20:50.540 bought, you know, got 10 ,000. And Eric's 477 00:20:50.540 --> 00:20:52.020 like, oh, $10 ,000. That's nice, Mike. He's 478 00:20:52.020 --> 00:20:55.160 like, no, 10 ,000 Bitcoin. And like, just 479 00:20:55.160 --> 00:20:56.720 lump some, just, I'm just going to buy 480 00:20:56.720 --> 00:20:58.780 10 ,000 Bitcoin. Why did I have to 481 00:20:58.780 --> 00:21:00.700 be poor when I discovered Bitcoin? Like, this 482 00:21:00.700 --> 00:21:03.020 is so frustrating. Like, he just comes in, 483 00:21:03.020 --> 00:21:04.820 it's like just 10 ,000 and like, no, 484 00:21:04.820 --> 00:21:07.680 not even concerned about it. I mean, yeah. 485 00:21:07.680 --> 00:21:10.500 So, but like, he has a vested interest 486 00:21:10.500 --> 00:21:13.480 at a personal level and at his company. 487 00:21:13.480 --> 00:21:18.180 level of making sure Bitcoin succeeds. He's going 488 00:21:18.180 --> 00:21:20.500 to make sure his company succeeds too. I 489 00:21:20.500 --> 00:21:23.900 think MSTR, STRs, all their other products, like, 490 00:21:23.900 --> 00:21:25.880 you know, I haven't gone deep enough down 491 00:21:25.880 --> 00:21:27.220 the rabbit hole of all their other because 492 00:21:27.220 --> 00:21:29.540 they do have like a whole alphabet soup 493 00:21:29.540 --> 00:21:31.980 of different products. I think obviously STRC has 494 00:21:31.980 --> 00:21:34.460 the most kind of like broad appeal. And 495 00:21:34.460 --> 00:21:36.100 whatever you might think about, like his digital 496 00:21:36.100 --> 00:21:38.860 credit, you know, phrasing and whatnot, like it 497 00:21:38.860 --> 00:21:40.740 doesn't fucking matter how he phrased it. This 498 00:21:40.740 --> 00:21:42.120 product isn't for you. This product isn't for 499 00:21:42.120 --> 00:21:43.960 you. This product isn't for Bitcoiners. Bitcoiners are 500 00:21:43.960 --> 00:21:45.860 going to buy Bitcoin, right? And maybe they'll 501 00:21:45.860 --> 00:21:47.860 buy MSTR because they want, they have some 502 00:21:47.860 --> 00:21:50.000 money tied up in a retirement account or 503 00:21:50.000 --> 00:21:51.800 something like that, that they want a little 504 00:21:51.800 --> 00:21:55.600 bit of, you know, Bitcoin -esque exposure without 505 00:21:55.600 --> 00:21:58.480 owning the underlying. But STRC is like, it's 506 00:21:58.480 --> 00:22:02.140 not a product for, like, young, toxic Bitcoin 507 00:22:02.140 --> 00:22:04.460 maximalists online. He's not trying to appeal to 508 00:22:04.460 --> 00:22:07.220 you. Understand that when you start to critique 509 00:22:07.220 --> 00:22:09.220 his framing of things. He's doing it very 510 00:22:09.220 --> 00:22:11.840 purposefully. He's been the CEO of a publicly 511 00:22:11.840 --> 00:22:14.980 traded company for decades. He's had a shitload 512 00:22:14.980 --> 00:22:17.300 of media training. He knows what he's supposed 513 00:22:17.300 --> 00:22:19.620 to say and what he's not. So, I 514 00:22:19.620 --> 00:22:22.880 don't know. I'm bullish. I don't recommend anyone 515 00:22:22.880 --> 00:22:27.720 buy STRC or MSTR. I personally own MSTR. 516 00:22:27.720 --> 00:22:30.280 Again, I just recommend you buy Spock Bitcoin 517 00:22:30.280 --> 00:22:31.560 and, you know, make sure you get your 518 00:22:31.560 --> 00:22:34.260 casino grade dice, you know, get six different 519 00:22:34.260 --> 00:22:36.320 PO boxes and have a mail forwarder, like 520 00:22:36.320 --> 00:22:39.780 a courier, go between them. Laboratory grade scale, 521 00:22:39.780 --> 00:22:41.280 using the entropy of the sun to give 522 00:22:41.280 --> 00:22:45.240 you additional randomness. Pretty standard stuff there. Yeah, 523 00:22:45.240 --> 00:22:47.140 just pretty easy stuff, guys. Self -Cust is 524 00:22:47.140 --> 00:22:50.580 easy. I also had a delightful electrical engineer, 525 00:22:50.580 --> 00:22:52.160 I believe it was, or electronics engineer in 526 00:22:52.160 --> 00:22:54.160 Switzerland, answer a question for me that you 527 00:22:54.160 --> 00:22:56.480 could not measure the changes in power being 528 00:22:56.480 --> 00:22:58.440 eaten up by the device to detect whether 529 00:22:58.440 --> 00:23:01.200 or not it actually had basically a bug 530 00:23:01.200 --> 00:23:02.960 had the antenna in it, because it's going 531 00:23:02.960 --> 00:23:05.200 to be fun. It's dependent on the battery. 532 00:23:05.200 --> 00:23:06.120 It's not going to be charging or draining 533 00:23:06.120 --> 00:23:07.880 from the battery at the same time. So, 534 00:23:07.880 --> 00:23:10.040 unfortunately, you know, getting an Ome reading on 535 00:23:10.040 --> 00:23:11.680 or voltage reading on how much we're pulling 536 00:23:11.680 --> 00:23:13.320 into the device, can't be used, but that 537 00:23:13.320 --> 00:23:16.160 laboratory scale there is still really important. One 538 00:23:16.160 --> 00:23:17.360 thing I should go to throw to you, 539 00:23:17.360 --> 00:23:18.800 Joey, just because I'm kind of curious here, 540 00:23:18.800 --> 00:23:20.340 because I was just taking a look. We've 541 00:23:20.340 --> 00:23:22.640 got now, so Stretch is looking pretty good. 542 00:23:22.640 --> 00:23:25.340 It's at 99 .83 at the moment. Seta 543 00:23:25.340 --> 00:23:27.760 is still at 97, a little bit below, 544 00:23:27.760 --> 00:23:28.720 a little bit down. And, of course, they 545 00:23:28.720 --> 00:23:29.820 have the new product as well, which is 546 00:23:29.820 --> 00:23:31.740 not a variable rate on. So I don't 547 00:23:31.740 --> 00:23:33.360 think it's supposed

to target any value. It's 548 00:23:33.360 --> 00:23:35.340 just trading freely on the market there. But 549 00:23:35.340 --> 00:23:37.040 do you think that the new Sats product 550 00:23:37.040 --> 00:23:39.920 is pulling away demand from SETA, from their 551 00:23:39.920 --> 00:23:43.560 preferred there? Yeah, I do. Any other questions? 552 00:23:43.560 --> 00:23:46.080 Yeah. I do. And other thing, too, is 553 00:23:46.080 --> 00:23:49.340 that STRC, so you may recall, we talked 554 00:23:49.340 --> 00:23:51.320 about this, but it's worth repeating. The reason 555 00:23:51.320 --> 00:23:55.800 that SETA did a lot better than STRC 556 00:23:55.800 --> 00:23:58.440 during that big drawdown event is because there's 557 00:23:58.440 --> 00:24:00.940 no drift when people have to come in 558 00:24:00.940 --> 00:24:02.640 and out at the beginning of every day. 559 00:24:02.640 --> 00:24:04.600 STRC did not have that. STRC was having 560 00:24:04.600 --> 00:24:06.940 people exit and then re -enter on dividend 561 00:24:06.940 --> 00:24:08.060 days. So once you get to the X 562 00:24:08.060 --> 00:24:09.740 dividend date, that's when people re -buy, that's 563 00:24:09.740 --> 00:24:10.540 when people re -buy, and that's when you 564 00:24:10.540 --> 00:24:12.140 see the price move back up. I would 565 00:24:12.140 --> 00:24:13.420 expect to see a lot of the volatility 566 00:24:13.420 --> 00:24:16.600 and the price of STRC disappear now, which 567 00:24:16.600 --> 00:24:19.660 is exactly what Sailor, I believe, wants. I 568 00:24:19.660 --> 00:24:21.880 continue to wonder, and like Walker said, I 569 00:24:21.880 --> 00:24:24.220 have MSTR now, and I, you know, it's 570 00:24:24.220 --> 00:24:27.320 Wednesday, bought some more today. You're welcome for 571 00:24:27.320 --> 00:24:29.080 people who are enjoying the price action on 572 00:24:29.080 --> 00:24:32.440 that. I contributed to the upside. The thing 573 00:24:32.440 --> 00:24:34.480 I still don't really have a handle on 574 00:24:34.480 --> 00:24:36.840 is how much more the market will tolerate 575 00:24:36.840 --> 00:24:39.420 being diluted. We did do a quick MSTR 576 00:24:39.420 --> 00:24:41.200 hit when you guys were gone, and it 577 00:24:41.200 --> 00:24:44.280 was a number. another ATM where they were 578 00:24:44.280 --> 00:24:48.400 selling MSTR to buy STRC back. So my 579 00:24:48.400 --> 00:24:51.900 main criticism is still the same. And it's 580 00:24:51.900 --> 00:24:54.940 that at some point, a rational market looks 581 00:24:54.940 --> 00:24:56.680 at this and goes, I don't know why 582 00:24:56.680 --> 00:24:58.980 I'm holding MSTR. The other stuff pays a 583 00:24:58.980 --> 00:25:01.020 dividend. The other stuff, you know, to quote 584 00:25:01.020 --> 00:25:02.000 someone in the chat. Why are you holding 585 00:25:02.000 --> 00:25:04.160 it, Joey? Are you irrational? No, I think 586 00:25:04.160 --> 00:25:05.960 that it's going to go to like 350, 587 00:25:05.960 --> 00:25:07.060 but I don't know how much higher than 588 00:25:07.060 --> 00:25:08.180 that it will go. And to be honest 589 00:25:08.180 --> 00:25:11.940 with you, I, if it keeps deluding, then 590 00:25:11.940 --> 00:25:13.700 he's got to find new buyers for that 591 00:25:13.700 --> 00:25:16.240 somewhere. And that's the other thing, like, with 592 00:25:16.240 --> 00:25:18.520 these other options now, how many people are 593 00:25:18.520 --> 00:25:20.100 going to say, you know what, I kind 594 00:25:20.100 --> 00:25:22.880 of would just want the monthly or daily, 595 00:25:22.880 --> 00:25:25.680 I guess, every calendar day on top of, 596 00:25:25.680 --> 00:25:27.100 you know, the business days, right? Like, how 597 00:25:27.100 --> 00:25:29.120 many people are going to go, is it 598 00:25:29.120 --> 00:25:30.780 safer to be in this other stuff? Even 599 00:25:30.780 --> 00:25:33.380 if they're not Walker, like we always say, 600 00:25:33.380 --> 00:25:34.880 you know, even if they're not part of 601 00:25:34.880 --> 00:25:37.600 that risk profile that wants steady income, like 602 00:25:37.600 --> 00:25:39.360 I don't want to be the last guy 603 00:25:39.360 --> 00:25:41.640 at the table when the market decides I've 604 00:25:41.640 --> 00:25:43.960 had enough the dilution. And I think, you 605 00:25:43.960 --> 00:25:45.140 know, it's worth mentioning, one of the things 606 00:25:45.140 --> 00:25:48.320 that might save Sailor is the rest of 607 00:25:48.320 --> 00:25:49.820 the stock market is going to find out 608 00:25:49.820 --> 00:25:52.220 what ATM means soon. And it's not just 609 00:25:52.220 --> 00:25:54.660 a porn hub search. Okay. What it actually 610 00:25:54.660 --> 00:25:58.300 means is these at the money equity offerings. 611 00:25:58.300 --> 00:25:59.120 And do you know why they're going to 612 00:25:59.120 --> 00:26:01.340 find out? Because you know which big company, 613 00:26:01.340 --> 00:26:03.860 which big company who's been buying back like 614 00:26:03.860 --> 00:26:05.840 hundreds of billions of dollars of stock over 615 00:26:05.840 --> 00:26:07.060 the last few years is going to start 616 00:26:07.060 --> 00:26:09.700 doing ATMs, meta, because they need to pay 617 00:26:09.700 --> 00:26:12.820 for the capEx. in their AI stuff. And 618 00:26:12.820 --> 00:26:14.780 that's in their S1 from the other day, 619 00:26:14.780 --> 00:26:16.200 or not their S1, they're quarterly. That's a 620 00:26:16.200 --> 00:26:18.660 good prediction. So fucking wait, because they're going 621 00:26:18.660 --> 00:26:21.500 to start doing it too. And other people 622 00:26:21.500 --> 00:26:22.700 are going to start talking about at the 623 00:26:22.700 --> 00:26:25.520 money offerings. All at NASDAQ holders think about 624 00:26:25.520 --> 00:26:27.240 now is, are there going to be buybacks 625 00:26:27.240 --> 00:26:30.140 in my ticker? They're going to start thinking 626 00:26:30.140 --> 00:26:32.560 about dilution because those guys

suddenly have a 627 00:26:32.560 --> 00:26:33.740 better use for the money than just buying 628 00:26:33.740 --> 00:26:36.140 back the stock. Look out for that. Yep, 629 00:26:36.140 --> 00:26:37.780 yep. Agreed. I do want to add there, 630 00:26:37.780 --> 00:26:39.500 Joey, at least there's another cohort coming into 631 00:26:39.500 --> 00:26:41.360 MSTR, and that'll be the data vault AI 632 00:26:41.360 --> 00:26:43.080 customers once they respect it. It was the 633 00:26:43.080 --> 00:26:47.020 wrong horse to bet on. True, true. Cool, 634 00:26:47.020 --> 00:26:49.700 Bill flown in. All right, Jens, I'm going 635 00:26:49.700 --> 00:26:50.780 to take us to break here. On the 636 00:26:50.780 --> 00:26:51.840 other side of the break, we're going to 637 00:26:51.840 --> 00:26:56.940 start off with that Coinbase data breach, just 638 00:26:56.940 --> 00:27:00.120 piling on to all of the data breaches 639 00:27:00.120 --> 00:27:04.820 and the minefield that is our current environment. 640 00:27:04.820 --> 00:27:07.160 Is anybody safe? Probably not. So we're going 641 00:27:07.160 --> 00:27:08.540 to dive into that and plenty more on 642 00:27:08.540 --> 00:27:10.220 the other side of the break. smash that 643 00:27:10.220 --> 00:27:12.460 like button, keep those comments coming, and we'll 644 00:27:12.460 --> 00:27:15.360 be back in just a moment. You already 645 00:27:15.360 --> 00:27:16.600 know that you can't leave your seed phrase 646 00:27:16.600 --> 00:27:18.100 on paper. It needs to be on metal. 647 00:27:18.100 --> 00:27:19.240 What you might not know is that more 648 00:27:19.240 --> 00:27:21.220 Bitcoin has actually been lost and been stolen. 649 00:27:21.220 --> 00:27:22.980 More than 10 times the amount ever hacked, 650 00:27:22.980 --> 00:27:24.780 gone because someone lost their keys. Your biggest 651 00:27:24.780 --> 00:27:26.780 risk isn't some shadowy supercoder, it's time in 652 00:27:26.780 --> 00:27:29.540 the elements. That's why Stamseed uses titanium. Titanium 653 00:27:29.540 --> 00:27:31.240 never rusts. Doesn't matter if it's a raging 654 00:27:31.240 --> 00:27:32.460 housefire at the bottom of the ocean or 655 00:27:32.460 --> 00:27:33.720 sitting at a desk drawer for 50 years, 656 00:27:33.720 --> 00:27:35.940 titanium doesn't care. One salt piece, nothing to 657 00:27:35.940 --> 00:27:37.600 come apart that you hammer in. By the 658 00:27:37.600 --> 00:27:38.580 stamp seed kit, and as your set of 659 00:27:38.580 --> 00:27:40.360 evolves, you just grab more. plates, stamp it 660 00:27:40.360 --> 00:27:42.220 once and never worry about your backup again. 661 00:27:42.220 --> 00:27:43.680 And for the advanced users, there's the clear 662 00:27:43.680 --> 00:27:45.580 code set. Every letter, number, and symbol of 663 00:27:45.580 --> 00:27:47.480 your full keyboard, no two characters alike, your 664 00:27:47.480 --> 00:27:50.020 passphrase, your descriptor, backed up on titanium. This 665 00:27:50.020 --> 00:27:51.460 is what I personally use and have for 666 00:27:51.460 --> 00:27:53.480 years, so stop leaving yourself exposed. They're giving 667 00:27:53.480 --> 00:27:55.820 you 15 % off with promo code Bitcasts 668 00:27:55.820 --> 00:27:57.320 so that you finally get this done today. 669 00:27:57.320 --> 00:27:58.720 Click the link in the description down below 670 00:27:58.720 --> 00:28:00.600 or scan the QR code on the screen. 671 00:28:00.600 --> 00:28:02.300 When it comes to peer -to -peer trading 672 00:28:02.300 --> 00:28:05.140 and lending, instant self -ccustody and no K 673 00:28:05.140 --> 00:28:07.160 -y -y -y -y -khoddle is the place 674 00:28:07.160 --> 00:28:08.920 to be. You can sign up with just 675 00:28:08.920 --> 00:28:10.400 an email address, and once you're there, you 676 00:28:10.400 --> 00:28:13.060 can start browsing offers immediately, whether you're looking 677 00:28:13.060 --> 00:28:14.700 to buy and sell, or whether you're looking 678 00:28:14.700 --> 00:28:16.900 to lend or borrow. You can check them 679 00:28:16.900 --> 00:28:20.020 out today at the links down below. Bitcoin 680 00:28:20.020 --> 00:28:21.800 Well, you know them, you love them, longtime 681 00:28:21.800 --> 00:28:23.280 supporter of the channel, and one of the 682 00:28:23.280 --> 00:28:25.400 easiest places to buy Bitcoin directly to your 683 00:28:25.400 --> 00:28:26.900 wallet in the U .S. and Canada. But 684 00:28:26.900 --> 00:28:28.540 that's not all they do. So, for anyone 685 00:28:28.540 --> 00:28:29.980 looking to make a big purchase, there is 686 00:28:29.980 --> 00:28:32.320 Bitcoin Well infinite. Because the hard part is 687 00:28:32.320 --> 00:28:33.520 in the buy, it's making sure you don't 688 00:28:33.520 --> 00:28:35.500 leave a giant mess for your family. Taxes, 689 00:28:35.500 --> 00:28:37.560 estate planning, even mining and lending, Bitcoin Well, 690 00:28:37.560 --> 00:28:39.660 Infinite pairs you with your own dedicated advisor 691 00:28:39.660 --> 00:28:41.520 to help you every step of the way. 692 00:28:41.520 --> 00:28:43.280 And for the Americans, they're launching their own 693 00:28:43.280 --> 00:28:45.720 Bitcoin IRA and the wait list is open, 694 00:28:45.720 --> 00:28:48.160 verifiable, and on -chain. So, sign up today, 695 00:28:48.160 --> 00:28:50.620 visit Bitcoinwell .com slash BTC sessions or scan 696 00:28:50.620 --> 00:28:54.000 the QR code on the screen. All right, 697 00:28:54.000 --> 00:28:56.960 let's take a look at this fun little 698 00:28:56.960 --> 00:29:00.040 data breach. Also, I love there's actually a 699 00:29:00.040 --> 00:29:05.600 community note on Coinbase themselves because they said 700 00:29:05.600 --> 00:29:09.540 Coinbase has not had a data. breach, Amplitude, 701 00:29:09.540 --> 00:29:13.100 an analytics vendor, experienced a security incident which 702 00:29:13.100 --> 00:29:16.720 impacted a small subset of Coinbase customers, contact 703 00:29:16.720 --> 00:29:20.760 data, among other Amplitude

customers. We found no 704 00:29:20.760 --> 00:29:23.860 evidence of unauthorized access to Coinbase systems and 705 00:29:23.860 --> 00:29:26.640 customer funds were not impacted. We are notifying 706 00:29:26.640 --> 00:29:30.540 impacted customers and regulatory agencies in accordance with 707 00:29:30.540 --> 00:29:35.080 our legal obligations. Yeah, so the, uh, the, 708 00:29:35.080 --> 00:29:36.320 the, the, oh, I'm sorry, did you get 709 00:29:36.320 --> 00:29:38.500 caught like selling your data and you're going 710 00:29:38.500 --> 00:29:40.000 to try and blame it on somebody else. 711 00:29:40.000 --> 00:29:42.900 Didn't they have like an India customer service 712 00:29:42.900 --> 00:29:44.920 bribe two a couple of years ago? Like 713 00:29:44.920 --> 00:29:46.600 this, they've been hit a couple of times 714 00:29:46.600 --> 00:29:50.280 now, man. Yeah. Coinbase user data was leaked 715 00:29:50.280 --> 00:29:54.040 via their analytics vendor, uh, affecting roughly 70 716 00:29:54.040 --> 00:29:58.560 ,000 people. Prior breaches also include, include 2021, 717 00:29:58.560 --> 00:30:03.080 20203, and 2025. Third party contracted Coinbase customer 718 00:30:03.080 --> 00:30:06.460 service agents in India were previously bribed to 719 00:30:06.460 --> 00:30:11.720 give up users. data. You know, everybody rightfully. 720 00:30:11.720 --> 00:30:13.380 No one could have seen that coming, though. 721 00:30:13.380 --> 00:30:14.760 How could we have seen it, Walker? It 722 00:30:14.760 --> 00:30:18.300 was impossible to know. Literally impossible. You gotta 723 00:30:18.300 --> 00:30:19.860 give credit where credit is due though. You 724 00:30:19.860 --> 00:30:21.360 just realize that we even had like a 725 00:30:21.360 --> 00:30:23.680 coinbase outage during like a pump or a 726 00:30:23.680 --> 00:30:24.820 crash in a while, though. At least they 727 00:30:24.820 --> 00:30:28.020 fix that problem or so, it seems. I 728 00:30:28.020 --> 00:30:30.900 suppose. I mean, too much, too much liquidity. 729 00:30:30.900 --> 00:30:33.740 They can't really have much impact there anymore 730 00:30:33.740 --> 00:30:37.720 but somebody down below outsourcing data comes with 731 00:30:37.720 --> 00:30:40.100 real risks and customers shouldn't have to pay 732 00:30:40.100 --> 00:30:45.120 for companies weak vendor oversight. Yeah, I mean, 733 00:30:45.120 --> 00:30:48.220 listen, this is, it's going to keep happening, 734 00:30:48.220 --> 00:30:52.200 right? Like, this isn't a unique incident in 735 00:30:52.200 --> 00:30:54.420 this day and age, especially these past few 736 00:30:54.420 --> 00:30:58.340 months here. And, I mean, it's that meme. 737 00:30:58.340 --> 00:30:59.700 I know you think it's really bad out 738 00:30:59.700 --> 00:31:02.080 there, but it's going to get worse. Yeah, 739 00:31:02.080 --> 00:31:04.620 it's all coming. home to roost, you know, 740 00:31:04.620 --> 00:31:06.700 Bitcoin has been the canary and the coal 741 00:31:06.700 --> 00:31:10.160 mine this summer, and all the shit that 742 00:31:10.160 --> 00:31:13.460 we've seen there is now everywhere. And so 743 00:31:13.460 --> 00:31:18.040 if you have data somewhere, it is, was, 744 00:31:18.040 --> 00:31:20.980 and will be leaked. That's all there is 745 00:31:20.980 --> 00:31:24.760 to say, I guess, guys. No, there's not 746 00:31:24.760 --> 00:31:25.820 much else to it. The other thing I 747 00:31:25.820 --> 00:31:27.580 was thinking about is that, like, and I 748 00:31:27.580 --> 00:31:29.120 keep seeing all these things in my feed 749 00:31:29.120 --> 00:31:32.160 regarding people using, like, Claude and different AI 750 00:31:32.160 --> 00:31:33.800 tools to go in and, like, pull apart 751 00:31:33.800 --> 00:31:36.420 their phone and their TV, and there's tons 752 00:31:36.420 --> 00:31:38.500 of, like, data and user information that's being 753 00:31:38.500 --> 00:31:40.560 stolen all the time. These guys, and I 754 00:31:40.560 --> 00:31:43.300 don't, like, they have every economic incentive to 755 00:31:43.300 --> 00:31:44.640 try and keep their fees and stuff on 756 00:31:44.640 --> 00:31:46.220 the platform as low as possible. And so 757 00:31:46.220 --> 00:31:47.400 to do so, they're going to collect as 758 00:31:47.400 --> 00:31:50.220 much information from you as possible, right? It's 759 00:31:50.220 --> 00:31:51.640 another reason to go with one of the, 760 00:31:51.640 --> 00:31:53.020 with a different exchange, to go with one 761 00:31:53.020 --> 00:31:54.560 of the non -custodial exchanges, like our friends 762 00:31:54.560 --> 00:31:55.840 over at Bitcoin well and our friends even 763 00:31:55.840 --> 00:31:57.820 over a bold Bitcoin, right? But these guys 764 00:31:57.820 --> 00:31:59.840 absolutely are going to be doing everything they 765 00:31:59.840 --> 00:32:01.960 can to try and sell you as much, 766 00:32:01.960 --> 00:32:03.260 squeeze as much out of you and have 767 00:32:03.260 --> 00:32:05.280 competitive rates along the way. So I'd expect 768 00:32:05.280 --> 00:32:07.780 that almost every major company is also possible. 769 00:32:07.780 --> 00:32:08.960 I'm not saying that they for sure are. 770 00:32:08.960 --> 00:32:10.480 I don't have any information that Coinbase is 771 00:32:10.480 --> 00:32:12.540 selling their customer data, but I have a 772 00:32:12.540 --> 00:32:14.300 sneaking suspicion. They're probably there are people that 773 00:32:14.300 --> 00:32:15.840 would pay a lot of money for it. 774 00:32:15.840 --> 00:32:17.280 They'd maybe want to trade against the market 775 00:32:17.280 --> 00:32:18.840 as well, too, just like in other places 776 00:32:18.840 --> 00:32:20.520 that this is, this is always going to 777 00:32:20.520 --> 00:32:21.820 be a thing, especially with these giants. But 778 00:32:21.820 --> 00:32:25.340 I don't know, Walker, what are your thoughts? 779 00:32:25.340 --> 00:32:26.540 Boy, like things are going to get so 780 00:32:26.540 --> 00:32:28.640

much worse before they get any better with 781 00:32:28.640 --> 00:32:30.700 all this stuff. Like, I'm sorry. Like, it 782 00:32:30.700 --> 00:32:34.160 was already. bad enough before AI in terms 783 00:32:34.160 --> 00:32:36.220 of having your data you know data breaches 784 00:32:36.220 --> 00:32:38.100 stuff's out in the dark web people can 785 00:32:38.100 --> 00:32:39.520 buy access to it like it was already 786 00:32:39.520 --> 00:32:42.840 bad now it's just like trivially easy i 787 00:32:42.840 --> 00:32:45.040 think is the problem like it's the attack 788 00:32:45.040 --> 00:32:47.900 vector or says that the attack surface is 789 00:32:47.900 --> 00:32:51.280 so broad and the tools are so good 790 00:32:51.280 --> 00:32:52.920 and it's like oh no the frontier model 791 00:32:52.920 --> 00:32:54.080 won't let you do it okay give me 792 00:32:54.080 --> 00:32:56.520 k3 will like she'll help you she doesn't 793 00:32:56.520 --> 00:32:58.220 care don't give a fuck she's like okay 794 00:32:58.220 --> 00:33:00.420 or you know however she talks um you 795 00:33:00.420 --> 00:33:03.200 know I'll leave that one there. I mean, 796 00:33:03.200 --> 00:33:05.020 out of all of the accents that you've 797 00:33:05.020 --> 00:33:07.360 mastered, that's the best. Yeah. Okay, thank you, 798 00:33:07.360 --> 00:33:09.180 thank you. But the point is like, you 799 00:33:09.180 --> 00:33:10.340 need to be prepared for this. I think 800 00:33:10.340 --> 00:33:13.360 it's also a great, rare of minor, just 801 00:33:13.360 --> 00:33:15.480 like in general. I mean, people still fall 802 00:33:15.480 --> 00:33:17.560 for these like the Google calls and stuff 803 00:33:17.560 --> 00:33:18.880 like that. There's like, there's going to be 804 00:33:18.880 --> 00:33:20.360 so many people trying to come at you 805 00:33:20.360 --> 00:33:21.540 all the time. First of all, just as 806 00:33:21.540 --> 00:33:24.480 a disclaimer, like, Google will never call you 807 00:33:24.480 --> 00:33:26.420 guys. None of these companies, Coinbase will never 808 00:33:26.420 --> 00:33:28.580 call you. Google will never call you. None 809 00:33:28.580 --> 00:33:30.360 of these big companies give a flying fuck 810 00:33:30.360 --> 00:33:32.320 about little old you if you get a 811 00:33:32.320 --> 00:33:35.620 call from them it's fake for first off 812 00:33:35.620 --> 00:33:39.840 secondly you probably should do things just generally 813 00:33:39.840 --> 00:33:42.480 for securing like if you used a primary 814 00:33:42.480 --> 00:33:44.080 email address that you've had for a long 815 00:33:44.080 --> 00:33:45.360 time and might have a lot of different 816 00:33:45.360 --> 00:33:47.140 secrets in doors used as a backup email 817 00:33:47.140 --> 00:33:49.120 address for a bunch of other things and 818 00:33:49.120 --> 00:33:50.560 maybe it's also tied to your two f 819 00:33:50.560 --> 00:33:52.860 a and things like that you should probably 820 00:33:52.860 --> 00:33:55.720 secure that

with a ubeki as like a 821 00:33:55.720 --> 00:33:58.340 real basic thing to do it makes it 822 00:33:58.340 --> 00:33:59.400 a bit of a bitch for you to 823 00:33:59.400 --> 00:34:01.560 get into it sometimes and that's the point 824 00:34:01.560 --> 00:34:03.520 because then nobody can get in there without 825 00:34:03.520 --> 00:34:05.120 that physical key don't lose it make a 826 00:34:05.120 --> 00:34:07.720 couple of copies of it but like i'm 827 00:34:07.720 --> 00:34:10.020 i'm amazed that more people aren't like rush 828 00:34:10.020 --> 00:34:11.440 i mean maybe they are like rushing to 829 00:34:11.440 --> 00:34:12.620 get ube keys right now if i didn't 830 00:34:12.620 --> 00:34:14.520 have ubeki's set up on like all my 831 00:34:14.520 --> 00:34:16.400 shit i'd be pretty worried right now but 832 00:34:16.400 --> 00:34:19.520 that is like the beautiful thing about physical 833 00:34:19.520 --> 00:34:22.560 physical cryptography like you know or physical cryptographic 834 00:34:22.560 --> 00:34:25.140 signing tools basically is it makes it really 835 00:34:25.140 --> 00:34:26.140 it's kind of a pain in the eyes 836 00:34:26.140 --> 00:34:27.940 for you sure but it makes it really 837 00:34:27.940 --> 00:34:32.200 difficult for people to get to your accounts. 838 00:34:32.200 --> 00:34:33.440 And right now, if you don't have that 839 00:34:33.440 --> 00:34:34.700 kind of stuff, like, if you just have 840 00:34:34.700 --> 00:34:38.180 very basic, well, basic security on these things, 841 00:34:38.180 --> 00:34:39.520 like, you just need to assume that, first 842 00:34:39.520 --> 00:34:40.480 of all, your data's been out there, it's 843 00:34:40.480 --> 00:34:41.880 been leaked, and it's been associated with all 844 00:34:41.880 --> 00:34:43.660 these different accounts. And it's been cross -referenced 845 00:34:43.660 --> 00:34:45.440 by AI, because AI is really good at 846 00:34:45.440 --> 00:34:47.120 taking a bunch of disparate data and pulling 847 00:34:47.120 --> 00:34:49.140 it together and building a matrix specifically on 848 00:34:49.140 --> 00:34:51.020 you and saying, this person has accounts at 849 00:34:51.020 --> 00:34:52.760 Coinbase and here and here and here. And 850 00:34:52.760 --> 00:34:53.980 like, oh, and also look, we found their 851 00:34:53.980 --> 00:34:56.440 physical address because that's fucking trivially easy to 852 00:34:56.440 --> 00:34:59.020 do, too. It becomes so fucking easy to 853 00:34:59.020 --> 00:35:02.500 extort you. or to somehow try and gain 854 00:35:02.500 --> 00:35:05.400 access to your accounts with really convincing personal 855 00:35:05.400 --> 00:35:07.720 information. You're like, how, they must be legit. 856 00:35:07.720 --> 00:35:10.820 How could they know that? Just here's the 857 00:35:10.820 --> 00:35:12.020 best piece of advice I can get. If 858 00:35:12.020 --> 00:35:14.060 you refuse to go to Ubiki, just never 859 00:35:14.060 --> 00:35:17.120 check your email and never answer

your phone. 860 00:35:17.120 --> 00:35:19.460 That is the best security best practices right 861 00:35:19.460 --> 00:35:22.220 there, guys. You want to, my, like, some 862 00:35:22.220 --> 00:35:24.140 of my g -mails, oh, I mean, we're 863 00:35:24.140 --> 00:35:27.040 talking 50 ,000 unread messages. I'll just let 864 00:35:27.040 --> 00:35:28.740 that thing tick up there. I'm waiting for 865 00:35:28.740 --> 00:35:31.200 it to break the. UI, like just never 866 00:35:31.200 --> 00:35:33.580 answer your email. That's the best way to 867 00:35:33.580 --> 00:35:36.560 do it, right? And never answer your phone. 868 00:35:36.560 --> 00:35:39.920 Even if it's your wife, don't answer. Especially, 869 00:35:39.920 --> 00:35:41.800 it's your wife. Sorry, honey, I thought you 870 00:35:41.800 --> 00:35:46.340 were a scammer. You know what's funny, too, 871 00:35:46.340 --> 00:35:48.980 is for all the other, to give you 872 00:35:48.980 --> 00:35:50.260 an idea of like how much these companies 873 00:35:50.260 --> 00:35:53.280 hate you, okay? For all the other things 874 00:35:53.280 --> 00:35:54.760 they allow you to do with a phone, 875 00:35:54.760 --> 00:35:57.880 it's so hard to get all the spyware 876 00:35:57.880 --> 00:35:59.520 off. And somebody, I don't know if it's 877 00:35:59.520 --> 00:36:00.980 in the notes. I'm sure one of us 878 00:36:00.980 --> 00:36:02.140 put it in the back chat, but I 879 00:36:02.140 --> 00:36:06.000 don't know if made it into the document. 880 00:36:06.000 --> 00:36:11.000 Somebody pioneered, just a true sort of Chad, 881 00:36:11.000 --> 00:36:14.040 pioneered this way to check if Israel has, 882 00:36:14.040 --> 00:36:16.980 like, state spyware on your mobile device or 883 00:36:16.980 --> 00:36:19.000 on your TV. Have you seen this? I've 884 00:36:19.000 --> 00:36:23.100 got it right here. It is absolutely psycho, 885 00:36:23.100 --> 00:36:24.880 the stuff that's going on on your TV 886 00:36:24.880 --> 00:36:27.400 and your phone. This is, yeah, there's been 887 00:36:27.400 --> 00:36:29.960 people that, like, this guy, just. just used 888 00:36:29.960 --> 00:36:32.980 Claude to look for any sort of spying 889 00:36:32.980 --> 00:36:35.520 stuff. He had like a flashlight app as 890 00:36:35.520 --> 00:36:41.180 an example. And yeah, it basically location, microphone 891 00:36:41.180 --> 00:36:45.340 contacts, like it's getting into everything. There's other 892 00:36:45.340 --> 00:36:48.340 people, again, like some other guy took Claude 893 00:36:48.340 --> 00:36:50.560 code and went through and found spyware on 894 00:36:50.560 --> 00:36:53.280 his family's phones and a backdoor on his 895 00:36:53.280 --> 00:36:56.960 Mac. And even outside of that, like the 896 00:36:56.960 --> 00:36:59.980 TV stuff is crazy too. This guy with 897 00:36:59.980 --> 00:37:04.080 a new Samsung TV weirdly targeted ads. He 898 00:37:04.080 --> 00:37:08.680 reversed the firmware. And so, yeah, he basically 899 00:37:08.680 --> 00:37:12.560 took it and he's got like, this thing 900 00:37:12.560 --> 00:37:17.280 could see fucking everything. Yeah, automatic, there we 901 00:37:17.280 --> 00:37:21.540 go. Always on hot mic functionality on his 902 00:37:21.540 --> 00:37:25.920 TV. What? Listening to everything and then feeding 903 00:37:25.920 --> 00:37:28.240 that into third parties that are going to 904 00:37:28.240 --> 00:37:31.460 advertise them. Not to mention, like, it's bad 905 00:37:31.460 --> 00:37:36.380 enough getting the, you know, without giving permissions, 906 00:37:36.380 --> 00:37:38.080 having your TV listen to you and target 907 00:37:38.080 --> 00:37:42.340 ads at you. But then also, like, how 908 00:37:42.340 --> 00:37:44.220 easy is it going to be for somebody 909 00:37:44.220 --> 00:37:47.100 to now hack into that functionality and just 910 00:37:47.100 --> 00:37:49.960 external people be just listening to you through 911 00:37:49.960 --> 00:37:52.320 your fucking TV? Like, you never think of 912 00:37:52.320 --> 00:37:55.340 that years ago. And here it is. But 913 00:37:55.340 --> 00:37:59.600 on the bright side, people are also used. 914 00:37:59.600 --> 00:38:02.700 using all these LOMs, as you mentioned, to 915 00:38:02.700 --> 00:38:07.880 start basically completely retooling. For now, for now. 916 00:38:07.880 --> 00:38:09.100 It's not going to, I'm telling you, man, 917 00:38:09.100 --> 00:38:09.960 it's not going to be allowed for much 918 00:38:09.960 --> 00:38:13.120 longer because already that reverse engineer everything tool 919 00:38:13.120 --> 00:38:15.580 has been completely turfed. Yeah, but again, yeah, 920 00:38:15.580 --> 00:38:19.980 if you're using Claude. Yeah, I know. Claude 921 00:38:19.980 --> 00:38:21.460 is not going to, this is the thing, 922 00:38:21.460 --> 00:38:22.960 okay. We talk about this all time, the 923 00:38:22.960 --> 00:38:25.380 points of friction. How much friction is the 924 00:38:25.380 --> 00:38:28.020 average person willing to go through to identify 925 00:38:28.020 --> 00:38:29.540 things that could make their life a little 926 00:38:29.540 --> 00:38:33.040 more private. The answer, honestly, is probably zero. 927 00:38:33.040 --> 00:38:35.060 But let's say it's a little bit more 928 00:38:35.060 --> 00:38:36.300 than zero. They're willing to go through like 929 00:38:36.300 --> 00:38:38.600 one or two points of friction. To get 930 00:38:38.600 --> 00:38:41.000 Kimi K3, you have to go to a 931 00:38:41.000 --> 00:38:43.760 website that your browser, the first thing your 932 00:38:43.760 --> 00:38:45.260 browser does is ask if you want to 933 00:38:45.260 --> 00:38:47.560 move it from Chinese to English, okay? Right 934 00:38:47.560 --> 00:38:48.960 away, no one's fucking - Are you in 935 00:38:48.960 --> 00:38:51.040 mainland China? Yeah, no one's giving their credit 936 00:38:51.040 --> 00:38:52.480 card to this, okay? Like, they're not going 937 00:38:52.480 --> 00:38:54.340 to fucking do that,

number one. Number two 938 00:38:54.340 --> 00:38:56.520 is, I really think, and I said this 939 00:38:56.520 --> 00:38:59.680 on this show before, the anthropics and open 940 00:38:59.680 --> 00:39:01.900 AIs and all these companies, like, they're talking 941 00:39:01.900 --> 00:39:05.960 about limiting open source model access. They're doing 942 00:39:05.960 --> 00:39:07.720 it for a couple reasons, right? The one 943 00:39:07.720 --> 00:39:10.080 that is often under discussed is that for 944 00:39:10.080 --> 00:39:14.540 sure, Sony and Nintendo, famously litigious Nintendo, by 945 00:39:14.540 --> 00:39:18.440 the way, TV manufacturers, phone manufacturers, they are 946 00:39:18.440 --> 00:39:21.300 100 % in the ear of these guys, 947 00:39:21.300 --> 00:39:23.860 pouring money into the same lobbies going, we 948 00:39:23.860 --> 00:39:26.580 need ads and data collection to keep the 949 00:39:26.580 --> 00:39:28.980 price of these gizmos down, otherwise no one's 950 00:39:28.980 --> 00:39:30.680 going to buy them. What is the TV 951 00:39:30.680 --> 00:39:32.820 actually worth if they don't get $1 ,000 952 00:39:32.820 --> 00:39:34.800 of data from you every month? What is 953 00:39:34.800 --> 00:39:36.800 the TV actually going to cost you at 954 00:39:36.800 --> 00:39:39.020 Best Buy if they can't hear your baby 955 00:39:39.020 --> 00:39:41.460 crying and send you the pamper's ad? Like, 956 00:39:41.460 --> 00:39:43.660 what is the TV worth? We don't know, 957 00:39:43.660 --> 00:39:46.580 but it ain't 800 bucks. It's way more 958 00:39:46.580 --> 00:39:48.780 than that, right? And so right now, the 959 00:39:48.780 --> 00:39:52.140 consumer in general is enjoying this deflationary trend 960 00:39:52.140 --> 00:39:55.340 in electronics. And I agree that it's probably 961 00:39:55.340 --> 00:39:57.060 deflationary. We all know about Moore's law and 962 00:39:57.060 --> 00:39:58.540 all these different things, things get cheaper, blah, 963 00:39:58.540 --> 00:40:00.020 blah, blah, we become more efficient. Of course, 964 00:40:00.020 --> 00:40:02.440 economy is the scale. Okay, but that ticket 965 00:40:02.440 --> 00:40:05.560 price reflects something that most people don't understand 966 00:40:05.560 --> 00:40:08.000 and 99 % of people are never going 967 00:40:08.000 --> 00:40:09.840 to try and get away from until it's 968 00:40:09.840 --> 00:40:11.740 too late. To your point, Ben, the other 969 00:40:11.740 --> 00:40:13.840 thing, too, about the hacking into a TV, 970 00:40:13.840 --> 00:40:15.060 I don't know about you guys, but you 971 00:40:15.060 --> 00:40:17.900 know where I watch football on Sundays, Amazon 972 00:40:17.900 --> 00:40:20.640 Prime app on a TV. Like, that's my 973 00:40:20.640 --> 00:40:23.440 prime account. That's my address. It's my credit 974 00:40:23.440 --> 00:40:25.860 card. It's my whatever. It's all All there. 975 00:40:25.860 --> 00:40:27.640 All of it is there. My buying habits. 976 00:40:27.640 --> 00:40:29.760 It knows how old my kid is. What 977 00:40:29.760 --> 00:40:32.280 gender my kid is, what she's into. Dude, 978 00:40:32.280 --> 00:40:34.740 the ads when you pause is, it's psycho. 979 00:40:34.740 --> 00:40:35.840 It's psycho. Buddy, you don't even have to 980 00:40:35.840 --> 00:40:37.140 pause. When you watch shit on Prime, if 981 00:40:37.140 --> 00:40:38.740 you watch Red Zone on Prime, they put 982 00:40:38.740 --> 00:40:40.920 the fucking QR code right over the scoreboard, 983 00:40:40.920 --> 00:40:42.840 buddy. These guys are shameless. They're not going 984 00:40:42.840 --> 00:40:45.520 to stop. And that's worth a bunch of 985 00:40:45.520 --> 00:40:49.000 money. You get people when they're hungover, maybe 986 00:40:49.000 --> 00:40:51.180 a little drunk, maybe a little, you know, 987 00:40:51.180 --> 00:40:54.000 stir crazy. Let's buy something. Let's spice up 988 00:40:54.000 --> 00:40:57.120 a boring side. This is what marketing and 989 00:40:57.120 --> 00:41:00.160 capitalism has come to. We can get people 990 00:41:00.160 --> 00:41:02.360 not only with products they like, but when 991 00:41:02.360 --> 00:41:05.240 they're the weakest. And this is worth some 992 00:41:05.240 --> 00:41:08.440 ungodly amount of currency to these guys. And 993 00:41:08.440 --> 00:41:09.620 we just don't know what it is. We're 994 00:41:09.620 --> 00:41:11.200 going to find out, though. We're definitely going 995 00:41:11.200 --> 00:41:13.200 to find out. No, quick side note, only 996 00:41:13.200 --> 00:41:14.160 because it's the only time I've ever had 997 00:41:14.160 --> 00:41:15.600 a chance to mildly tell the story without 998 00:41:15.600 --> 00:41:17.280 revealing people directly in it. But I have 999 00:41:17.280 --> 00:41:20.180 a family member that got to grow up 1000 00:41:20.180 --> 00:41:22.400 with a snowmobile simply because they got the 1001 00:41:22.400 --> 00:41:23.660 old man a little bit drunk and turned 1002 00:41:23.660 --> 00:41:25.620 on the shopping channel. So it's definitely there. 1003 00:41:25.620 --> 00:41:32.780 It definitely happens. Amazing. Speaking of somebody mentioned 1004 00:41:32.780 --> 00:41:36.660 Google earlier on, we also have to bring 1005 00:41:36.660 --> 00:41:40.140 up this, which is that Google, which is 1006 00:41:40.140 --> 00:41:44.340 that Google getting into crypto custody, Google unveils 1007 00:41:44.340 --> 00:41:47.240 a new crypto custody framework to protect digital 1008 00:41:47.240 --> 00:41:52.160 assets for banks. Quote, several major financial institutions 1009 00:41:52.160 --> 00:41:55.000 are already testing it. and Google plans to 1010 00:41:55.000 --> 00:41:57.720 open it up early next year as stolen 1011 00:41:57.720 --> 00:42:02.020 private keys as costs the crypto industry billions. 1012 00:42:02.020 --> 00:42:04.040 Of course, Google is going to dip their 1013 00:42:04.040 --> 00:42:07.120 toes into this. I mean, everybody is at 1014 00:42:07.120 --> 00:42:11.260

some point. But gentlemen, how do we feel 1015 00:42:11.260 --> 00:42:19.580 about the formerly don't be evil Google? They 1016 00:42:19.580 --> 00:42:23.240 got rid of that line, by the way. 1017 00:42:23.240 --> 00:42:26.100 diving into custody is like, are they going 1018 00:42:26.100 --> 00:42:27.700 to give, are they going to be given 1019 00:42:27.700 --> 00:42:30.020 fidelity and Coinbase a run for their money 1020 00:42:30.020 --> 00:42:32.720 or what? I'll jump in quick and then 1021 00:42:32.720 --> 00:42:34.160 I'm curious the boys lines because this one 1022 00:42:34.160 --> 00:42:36.000 really stood out to me. So one, I 1023 00:42:36.000 --> 00:42:38.000 mean, if they're coming up with frameworks and 1024 00:42:38.000 --> 00:42:39.280 especially to get made public, it just makes 1025 00:42:39.280 --> 00:42:40.580 us all better. You don't have to use 1026 00:42:40.580 --> 00:42:43.740 like their custodial solution with a custody provider 1027 00:42:43.740 --> 00:42:45.320 of your choosing. It might give us some 1028 00:42:45.320 --> 00:42:47.040 new insights on how to secure keys. It 1029 00:42:47.040 --> 00:42:48.920 might give us some new tools to build 1030 00:42:48.920 --> 00:42:51.980 off of new, new information. infrastructure. So I'm 1031 00:42:51.980 --> 00:42:54.020 all for it. They've got so much man 1032 00:42:54.020 --> 00:42:56.400 and brain power behind them that if they 1033 00:42:56.400 --> 00:42:57.780 have some new ideas that are worth checking 1034 00:42:57.780 --> 00:42:59.640 out, that's great. The thing that just immediately 1035 00:42:59.640 --> 00:43:00.720 jumped out to me, which I don't have 1036 00:43:00.720 --> 00:43:03.960 an answer for, is just why? Why does 1037 00:43:03.960 --> 00:43:07.020 Google care about custody? Right? Why are they 1038 00:43:07.020 --> 00:43:09.840 concerned about the banks custody this as well? 1039 00:43:09.840 --> 00:43:11.360 Why are they concerned about the industry costing 1040 00:43:11.360 --> 00:43:12.780 this? What is their end game? Because I 1041 00:43:12.780 --> 00:43:13.880 don't think they're doing it necessarily out of 1042 00:43:13.880 --> 00:43:15.220 the goodness of their heart. Actually, I'm pretty 1043 00:43:15.220 --> 00:43:16.380 sure they're not doing it at the goodness 1044 00:43:16.380 --> 00:43:17.820 of their heart. We know they have Google 1045 00:43:17.820 --> 00:43:20.200 Pay, very popular item as well, too. Are 1046 00:43:20.200 --> 00:43:22.340 they thinking of tying this into stable coins 1047 00:43:22.340 --> 00:43:23.780 or other things. Are they thinking of having 1048 00:43:23.780 --> 00:43:26.240 some secure for themselves? So they've been evaluating, 1049 00:43:26.240 --> 00:43:27.920 like, this is not the case, but like 1050 00:43:27.920 --> 00:43:30.860 if I was that giant bohemian, bohemian, and 1051 00:43:30.860 --> 00:43:33.980 I was true. And I was trying to, 1052 00:43:33.980 --> 00:43:36.140 Leviathan. What does a giant bohemian look

like? 1053 00:43:36.140 --> 00:43:36.920 I don't know. I guess it's like a 1054 00:43:36.920 --> 00:43:39.560 really chill, relax dude, likes to hang out. 1055 00:43:39.560 --> 00:43:40.820 But a big, like it's Chris. It's Chris, 1056 00:43:40.820 --> 00:43:44.060 on a good day, I suppose. The, if 1057 00:43:44.060 --> 00:43:46.080 I'm wondering if they saw concerns about the 1058 00:43:46.080 --> 00:43:47.700 way things that were going to be custodied 1059 00:43:47.700 --> 00:43:49.840 as it would directly pertain to their infrastructure. 1060 00:43:49.840 --> 00:43:51.760 So I think they have some end game 1061 00:43:51.760 --> 00:43:53.960 at play here. There's some reason to directly 1062 00:43:53.960 --> 00:43:56.080 benefit them that they would want to build 1063 00:43:56.080 --> 00:43:57.900 this out, have it tested, and have perhaps 1064 00:43:57.900 --> 00:43:59.980 partners that they're already working with in payment 1065 00:43:59.980 --> 00:44:02.940 infrastructure start to use this model. But Joey, 1066 00:44:02.940 --> 00:44:04.240 I'll hit you first or go for it. 1067 00:44:04.240 --> 00:44:08.360 What are your thoughts, man? It's hard for 1068 00:44:08.360 --> 00:44:09.860 me to think about why they might want 1069 00:44:09.860 --> 00:44:13.380 to do this. I mean, there's no, are 1070 00:44:13.380 --> 00:44:15.000 they, who are they competing with, right? They're 1071 00:44:15.000 --> 00:44:17.660 competing with the custodians we mentioned earlier, not 1072 00:44:17.660 --> 00:44:19.240 BitConomy, of course, but some of the other 1073 00:44:19.240 --> 00:44:22.480 big guys that, you know, whatever, Digivolt AI 1074 00:44:22.480 --> 00:44:25.480 didn't use. And I just wonder how much 1075 00:44:25.480 --> 00:44:27.140 better they think their service is going to 1076 00:44:27.140 --> 00:44:29.040 be that's going to drag people over there 1077 00:44:29.040 --> 00:44:31.320 from Fidelity or Coinbase. The only thing I 1078 00:44:31.320 --> 00:44:34.060 can think of is that they'd release this 1079 00:44:34.060 --> 00:44:36.940 product eventually for retail. Retail would use this. 1080 00:44:36.940 --> 00:44:37.960 I think a lot of people would look 1081 00:44:37.960 --> 00:44:39.700 at this and go, I can tack on 1082 00:44:39.700 --> 00:44:42.620 five more dollars to my Google monthly spend 1083 00:44:42.620 --> 00:44:46.240 for like whatever docs, storage, photos, my fitness 1084 00:44:46.240 --> 00:44:50.360 tracker. and also get Bitcoin crypto custody, sure. 1085 00:44:50.360 --> 00:44:51.580 Maybe I don't park it all there, but 1086 00:44:51.580 --> 00:44:53.420 some people would use that, no doubt, because 1087 00:44:53.420 --> 00:44:54.620 I think more and more people are thinking 1088 00:44:54.620 --> 00:44:56.120 about some of the things we've talked about, 1089 00:44:56.120 --> 00:44:58.560 you know, ease of access, ease of family 1090 00:44:58.560 --> 00:45:00.600 access and stuff like that in emergencies. And 1091 00:45:00.600 --> 00:45:02.960 so Google for all their sort of negatives 1092 00:45:02.960 --> 00:45:04.740 is good for that kind of thing. Retail 1093 00:45:04.740 --> 00:45:08.400 -facing products, that's where they thrive. The devil's 1094 00:45:08.400 --> 00:45:11.600 advocate in me says that there's going to 1095 00:45:11.600 --> 00:45:13.020 be a push soon to see how much 1096 00:45:13.020 --> 00:45:16.140 Bitcoin people have generally, whether it's, you know, 1097 00:45:16.140 --> 00:45:19.560 institutions, family, offices, whatever, banks. And I don't 1098 00:45:19.560 --> 00:45:20.940 think a lot of people are really interested 1099 00:45:20.940 --> 00:45:24.120 in disclosing that information any way that so 1100 00:45:24.120 --> 00:45:26.320 far has been offered, whether it's through tax 1101 00:45:26.320 --> 00:45:28.900 forms or these voluntary surveys or like in 1102 00:45:28.900 --> 00:45:30.500 Canada, there was a couple of census questions 1103 00:45:30.500 --> 00:45:31.860 about Bitcoin if you got the long form 1104 00:45:31.860 --> 00:45:35.060 census this year. People are not interested in 1105 00:45:35.060 --> 00:45:37.940 sharing that information. And so the better way 1106 00:45:37.940 --> 00:45:39.400 to get it from them is sort of 1107 00:45:39.400 --> 00:45:42.140 this backhanded way where you give them a 1108 00:45:42.140 --> 00:45:43.800 service, they take advantage of the service, and 1109 00:45:43.800 --> 00:45:45.540 then you have that data. I think this 1110 00:45:45.540 --> 00:45:47.740 is why, by the way, doing stuff like 1111 00:45:47.740 --> 00:45:49.660 your taxes in a chat bot is a 1112 00:45:49.660 --> 00:45:53.200 bad idea. Doing stuff like your personal accounting 1113 00:45:53.200 --> 00:45:54.800 in a chat bot is a bad idea 1114 00:45:54.800 --> 00:45:57.200 because you don't want that information out there. 1115 00:45:57.200 --> 00:45:59.160 The likelihood that's not getting to someone who 1116 00:45:59.160 --> 00:46:00.580 you don't want to have it is basically 1117 00:46:00.580 --> 00:46:02.620 zero at this point, as we've talked about. 1118 00:46:02.620 --> 00:46:05.400 As far as like the mechanisms of the 1119 00:46:05.400 --> 00:46:09.420 storage, like, you guys would know better than 1120 00:46:09.420 --> 00:46:11.660 Walker and I, I think, what is there 1121 00:46:11.660 --> 00:46:15.360 in terms of like, you know, custody that 1122 00:46:15.360 --> 00:46:17.760 hasn't been tried? There's, you could add, you 1123 00:46:17.760 --> 00:46:20.040 can always add complexity, but in terms of 1124 00:46:20.040 --> 00:46:23.140 actual, like, quality of custody, what are these 1125 00:46:23.140 --> 00:46:24.260 guys going to bring to the table that 1126 00:46:24.260 --> 00:46:26.940 other custodians have now tried already? Well, the 1127 00:46:26.940 --> 00:46:28.440 only thing that immediately comes to mind, and 1128 00:46:28.440 --> 00:46:30.480 I'm blanking on the, like, the acronym for 1129 00:46:30.480

--> 00:46:32.800 it, it's like MCP or MPC, something along 1130 00:46:32.800 --> 00:46:34.700 those lines. But, like, one of the ways 1131 00:46:34.700 --> 00:46:36.740 that some of the institutions full custody is 1132 00:46:36.740 --> 00:46:39.480 that they basically have one key that's sharded, 1133 00:46:39.480 --> 00:46:40.960 but the, there's no single point where the 1134 00:46:40.960 --> 00:46:42.600 key was ever generated. Right. So you have 1135 00:46:42.600 --> 00:46:44.460 different points that generate a piece that goes 1136 00:46:44.460 --> 00:46:45.600 to the whole key. The whole key was 1137 00:46:45.600 --> 00:46:47.980 never basically made in one. area. So I 1138 00:46:47.980 --> 00:46:49.600 wonder if it's something along those lines, but 1139 00:46:49.600 --> 00:46:51.860 there's nothing else that immediately jumps out at 1140 00:46:51.860 --> 00:46:53.500 me that would be... Not new though, right? 1141 00:46:53.500 --> 00:46:55.460 It's not new, though. I wonder if they 1142 00:46:55.460 --> 00:46:56.980 have some different way of pulling different strings 1143 00:46:56.980 --> 00:47:01.660 together in terms of, particularly the automation infrastructure 1144 00:47:01.660 --> 00:47:04.660 from a security standpoint. Maybe, okay, before we 1145 00:47:04.660 --> 00:47:06.180 pass the walker, one other thing, Google obviously 1146 00:47:06.180 --> 00:47:08.280 at the forefront of this quantum research, according 1147 00:47:08.280 --> 00:47:10.480 to the Q heads, right? And so makes 1148 00:47:10.480 --> 00:47:11.740 me wonder what kind of stuff they're going 1149 00:47:11.740 --> 00:47:13.920 to do for the wallets they use. If 1150 00:47:13.920 --> 00:47:15.540 they do something that's like post -Q or 1151 00:47:15.540 --> 00:47:17.000 they try and lead a charge for post 1152 00:47:17.000 --> 00:47:19.340 -Q stuff. Now, they're interesting data point, but 1153 00:47:19.340 --> 00:47:21.080 if they don't, then it tells you that 1154 00:47:21.080 --> 00:47:23.200 this other bullshit they keep publishing every three 1155 00:47:23.200 --> 00:47:24.760 weeks with the Ethereum guys, you know, pick 1156 00:47:24.760 --> 00:47:26.400 up on it and spray in their pants 1157 00:47:26.400 --> 00:47:28.920 over. Like, it's all just nonsense, right? If 1158 00:47:28.920 --> 00:47:30.280 they don't start doing this when they start 1159 00:47:30.280 --> 00:47:32.780 custodying, then what do they really care about? 1160 00:47:32.780 --> 00:47:37.000 The answer is not quantum. Anyway. Walker, your 1161 00:47:37.000 --> 00:47:40.100 thoughts? This, this is interesting. I mean, on 1162 00:47:40.100 --> 00:47:41.640 the one hand, like, just like, let's take 1163 00:47:41.640 --> 00:47:44.340 this purely at the surface level. It's like, 1164 00:47:44.340 --> 00:47:46.880 of course, a massive company. Like, Google as 1165 00:47:46.880 --> 00:47:49.800 their hands in many different pots would want 1166 00:47:49.800 --> 00:47:52.140 to get into this type of business, right? 1167 00:47:52.140 --> 00:47:55.300 Like, it is a lucrative business, to be 1168 00:47:55.300 --> 00:47:56.980 sure. So, of course, they'd want to get 1169 00:47:56.980 --> 00:47:57.960 into that. And if they see the writing 1170 00:47:57.960 --> 00:47:59.960 on the wall about kind of like where 1171 00:47:59.960 --> 00:48:01.280 things are going, and that you're going to 1172 00:48:01.280 --> 00:48:04.200 see increasing usage of, you know, Bitcoin, stable 1173 00:48:04.200 --> 00:48:06.580 coins, probably of some of these shit coins 1174 00:48:06.580 --> 00:48:08.880 too, but not like actual usage, just like 1175 00:48:08.880 --> 00:48:12.200 more, you know, more and more speculation. Okay, 1176 00:48:12.200 --> 00:48:13.660 like you can, you can see that. Like, 1177 00:48:13.660 --> 00:48:15.080 that's, I think that's the very like surface 1178 00:48:15.080 --> 00:48:17.660 level analysis of it. Joey, your point is 1179 00:48:17.660 --> 00:48:21.580 interesting that it's perhaps it's from a, like, 1180 00:48:21.580 --> 00:48:25.340 a data gathering perspective. Like, they just, like, 1181 00:48:25.340 --> 00:48:27.020 they just want to ingest everything. They just 1182 00:48:27.020 --> 00:48:28.300 want to know everything. They want to, you 1183 00:48:28.300 --> 00:48:30.460 know, have the details on this. But I 1184 00:48:30.460 --> 00:48:32.660 think that last point is the really interesting 1185 00:48:32.660 --> 00:48:35.000 one about the sort of, you know, the 1186 00:48:35.000 --> 00:48:37.140 quantum side of this, where it's like, you 1187 00:48:37.140 --> 00:48:40.240 could very much see them marketing this solution. 1188 00:48:40.240 --> 00:48:42.880 Like, if in a couple months, they're like, 1189 00:48:42.880 --> 00:48:45.040 we have the only, you know, post -quantum 1190 00:48:45.040 --> 00:48:48.520 encryption safe custody, you know, custody solution for 1191 00:48:48.520 --> 00:48:51.340 institutions. And if you don't use it, boy, 1192 00:48:51.340 --> 00:48:53.500 you're, you know, it's basically a breach of 1193 00:48:53.500 --> 00:48:55.740 fiduciaring duty, you know, like, you could see 1194 00:48:55.740 --> 00:48:59.180 that playing out. You could very clearly see 1195 00:48:59.180 --> 00:49:01.240 that sort of thing playing out. But I 1196 00:49:01.240 --> 00:49:03.360 don't know, I think, like, for now, I'll 1197 00:49:03.360 --> 00:49:04.960 think, okay, yeah, probably they're just like seeing 1198 00:49:04.960 --> 00:49:06.180 the writing on the wall and want to 1199 00:49:06.180 --> 00:49:08.480 get, you know, want to get involved in 1200 00:49:08.480 --> 00:49:12.460 this and start milking this, this crypto cow. 1201 00:49:12.460 --> 00:49:14.720 But then the other part is, it seems 1202 00:49:14.720 --> 00:49:16.380 like this is a play to be. be 1203 00:49:16.380 --> 00:49:22.500 able to dovetail their quantum research with this 1204 00:49:22.500 --> 00:49:25.760 solution and use one to market the

other. 1205 00:49:25.760 --> 00:49:28.640 That to me seems like a potential, like, 1206 00:49:28.640 --> 00:49:31.120 that would make sense to me. Yeah. Well, 1207 00:49:31.120 --> 00:49:32.140 the other one that jumps out at me 1208 00:49:32.140 --> 00:49:34.640 would be, because I think that from the 1209 00:49:34.640 --> 00:49:36.260 things that I've seen, I think Google has 1210 00:49:36.260 --> 00:49:38.000 trying to position themselves almost on the harness 1211 00:49:38.000 --> 00:49:39.740 position for the different AI products that are 1212 00:49:39.740 --> 00:49:41.580 out there. They're trying to maybe find that 1213 00:49:41.580 --> 00:49:43.820 niche, something that they're going after. And so 1214 00:49:43.820 --> 00:49:44.880 I wonder if they're looking at it even 1215 00:49:44.880 --> 00:49:46.580 from like an agent to agent page. rail 1216 00:49:46.580 --> 00:49:49.360 thing. If they're thinking of using probably stables, 1217 00:49:49.360 --> 00:49:50.480 I'd love it with Bitcoin, but it'd probably 1218 00:49:50.480 --> 00:49:52.760 be stable for agent to agent payments, they're 1219 00:49:52.760 --> 00:49:54.280 trying to be kind of the glue in 1220 00:49:54.280 --> 00:49:56.220 the ecosystem versus having Gemini be like the 1221 00:49:56.220 --> 00:49:59.180 top model. I'm not opposed to that. I 1222 00:49:59.180 --> 00:50:00.740 like stables too, by the way. Like, stables 1223 00:50:00.740 --> 00:50:03.080 as a payment rails are better than almost 1224 00:50:03.080 --> 00:50:05.640 everything else. Um, sort of value, different story 1225 00:50:05.640 --> 00:50:07.300 depending on where you are. But yeah, I, 1226 00:50:07.300 --> 00:50:09.820 man, I, I'm not, I don't think, I 1227 00:50:09.820 --> 00:50:11.140 know we're kind of like down talking it 1228 00:50:11.140 --> 00:50:12.700 or sideways talking it. I'm not against any 1229 00:50:12.700 --> 00:50:13.820 of this. I want to see them try 1230 00:50:13.820 --> 00:50:15.040 it. Let's see what they got. I think 1231 00:50:15.040 --> 00:50:18.920 these guys have all the horses, all the 1232 00:50:18.920 --> 00:50:21.060 fucking firepower. Let's, let's see what they're made 1233 00:50:21.060 --> 00:50:23.060 of. Open source copies closed source, right? The 1234 00:50:23.060 --> 00:50:24.300 closed source does it. They make a bunch 1235 00:50:24.300 --> 00:50:25.240 of money off of it and then we 1236 00:50:25.240 --> 00:50:27.000 copied in an open source form. Yeah, yeah, 1237 00:50:27.000 --> 00:50:28.840 exactly. Yeah, exactly. Yeah, exactly. Now it's there 1238 00:50:28.840 --> 00:50:31.440 is a such thing as there is no 1239 00:50:31.440 --> 00:50:34.060 closed source anymore, right? Like, it's just, you 1240 00:50:34.060 --> 00:50:37.380 can just deconstruct it all. Like, it's, uh, 1241 00:50:37.380 --> 00:50:40.760 the, those days are, are behind us now. 1242 00:50:40.760 --> 00:50:42.460 And I don't think the world has really 1243 00:50:42.460 --> 00:50:45.700 realized

that quite yet. But, uh, On the 1244 00:50:45.700 --> 00:50:48.000 Google front, I'm going to take us to 1245 00:50:48.000 --> 00:50:50.500 break now, but that's not the only information 1246 00:50:50.500 --> 00:50:54.500 that they were dropping about something new with 1247 00:50:54.500 --> 00:50:57.920 this crypto custody thing. But also, it seems 1248 00:50:57.920 --> 00:51:01.460 they may have joined the race in a 1249 00:51:01.460 --> 00:51:04.040 meaningful way to be near the top of 1250 00:51:04.040 --> 00:51:07.680 the spots with their latest frontier model, too. 1251 00:51:07.680 --> 00:51:08.940 So we're going to cover that in a 1252 00:51:08.940 --> 00:51:12.440 second. And then also, probably the weirdest bug 1253 00:51:12.440 --> 00:51:16.320 disclosure for Bitcoin Core I've ever seen. but 1254 00:51:16.320 --> 00:51:18.380 I'm going to play a little video after 1255 00:51:18.380 --> 00:51:22.320 the break too. I don't I don't even 1256 00:51:22.320 --> 00:51:24.920 know what to say about it. Best segue 1257 00:51:24.920 --> 00:51:26.660 ever. Good job, sir. Yeah, yeah, we'll be 1258 00:51:26.660 --> 00:51:29.060 back a minute. Everybody drop those comments. A 1259 00:51:29.060 --> 00:51:33.540 little Joey job there. Toss some chairs. I 1260 00:51:33.540 --> 00:51:35.000 was going to say that makes me feel 1261 00:51:35.000 --> 00:51:36.940 a lot better. Whatever I just saw makes 1262 00:51:36.940 --> 00:51:39.940 me feel great. Dude, I mean, you'll see 1263 00:51:39.940 --> 00:51:42.240 the video. Anyways, we'll be back in just 1264 00:51:42.240 --> 00:51:45.520 a moment. Unless for some reason you think 1265 00:51:45.520 --> 00:51:47.560 they're about to stop printing and stop borrowing, 1266 00:51:47.560 --> 00:51:49.280 you know exactly where Bitcoin is going. And 1267 00:51:49.280 --> 00:51:50.880 whether your stack is already at the size, 1268 00:51:50.880 --> 00:51:51.780 where you know you should do something about 1269 00:51:51.780 --> 00:51:53.240 it, or it's headed there, it's time your 1270 00:51:53.240 --> 00:51:55.420 security caught up. That's why you need CASA 1271 00:51:55.420 --> 00:51:58.500 premium. Your Bitcoin secured across five keys. Three 1272 00:51:58.500 --> 00:52:00.260 on hardware from different vendors, one on your 1273 00:52:00.260 --> 00:52:02.400 phone, and one held by CASA. Use any 1274 00:52:02.400 --> 00:52:03.660 three to sign, which means if you lose 1275 00:52:03.660 --> 00:52:05.460 one key, you don't lose your stack. It 1276 00:52:05.460 --> 00:52:07.080 also means that CASA can't move it without 1277 00:52:07.080 --> 00:52:08.980 you. The kit, devices and everything that goes 1278 00:52:08.980 --> 00:52:10.160 with it, ships right to your door, and 1279 00:52:10.160 --> 00:52:11.840 their advisory team walks you through the full 1280 00:52:11.840 --> 00:52:13.300 setup. For those of you who care about 1281 00:52:13.300 --> 00:52:14.880 privacy as much as I do, there's no 1282 00:52:14.880 -->

00:52:16.800 KYC on the vault. Use any email you 1283 00:52:16.800 --> 00:52:18.340 like, use any address you like. No one 1284 00:52:18.340 --> 00:52:20.220 has to know your personal details. I know 1285 00:52:20.220 --> 00:52:21.380 what you're thinking? What if something happens to 1286 00:52:21.380 --> 00:52:23.180 Kasa? What about my family? Well, Sob and 1287 00:52:23.180 --> 00:52:24.800 recover means that you can always rebuild using 1288 00:52:24.800 --> 00:52:26.700 open source tools like Sparrow. And as for 1289 00:52:26.700 --> 00:52:28.840 your family, CASA inheritance means you're not leaving 1290 00:52:28.840 --> 00:52:30.440 them a locked box with no key. You 1291 00:52:30.440 --> 00:52:31.740 invite them with an email and their key 1292 00:52:31.740 --> 00:52:33.380 lies dormant while you're still alive, and should 1293 00:52:33.380 --> 00:52:35.020 that day ever come, you don't have to 1294 00:52:35.020 --> 00:52:36.360 worry about them having to figure it out 1295 00:52:36.360 --> 00:52:38.100 when you're not around to ask. You've already 1296 00:52:38.100 --> 00:52:39.820 taken care of it. So head to Kasa 1297 00:52:39.820 --> 00:52:42.260 .io slash Sessions, promo code sessions, to receive 1298 00:52:42.260 --> 00:52:44.540 10 % off your first year. That's cossa 1299 00:52:44.540 --> 00:52:47.260 .io slash sessions, code sessions. Click the link 1300 00:52:47.260 --> 00:52:48.560 in the description down below or scan the 1301 00:52:48.560 --> 00:52:51.280 QR code on the screen. One company I 1302 00:52:51.280 --> 00:52:53.360 like pointing people to when they ask about 1303 00:52:53.360 --> 00:52:56.520 Bitcoin mining is abundant mines. They were founded 1304 00:52:56.520 --> 00:52:59.160 by Beau and Christine Turner after losing over 1305 00:52:59.160 --> 00:53:01.700 half a million dollars to broken promises in 1306 00:53:01.700 --> 00:53:04.000 the mining industry, and they built their hosting 1307 00:53:04.000 --> 00:53:06.760 model to remove the usual headaches. With abundant 1308 00:53:06.760 --> 00:53:09.600 mines, you own your machines and keep 100 1309 00:53:09.600 --> 00:53:11.960 % of the Bitcoin you mine. There's no 1310 00:53:11.960 --> 00:53:15.960 revenue no hidden skims. Pricing is simple. One 1311 00:53:15.960 --> 00:53:18.960 flat monthly fee covers power, parts, labor, and 1312 00:53:18.960 --> 00:53:22.280 repairs. They also guarantee uptime. If a machine 1313 00:53:22.280 --> 00:53:25.100 goes down, their hash rate redirect system, routes 1314 00:53:25.100 --> 00:53:27.460 hash power from their fleet, so earnings don't 1315 00:53:27.460 --> 00:53:30.280 just stop, and every machine is insured at 1316 00:53:30.280 --> 00:53:33.460 full replacement value. Everything is hosted in the 1317 00:53:33.460 --> 00:53:36.400 U .S., powered by hydro, and mining equipment 1318 00:53:36.400 --> 00:53:39.580 may qualify for 100 % year -one bonus 1319 00:53:39.580 --> 00:53:43.380 depreciation. Learn more at Abundant Minds. dot com 1320 00:53:43.380 --> 00:53:47.320 slash sessions. Okay, I got to go for 1321 00:53:47.320 --> 00:53:48.680 it. Okay, you I do. Okay, now I'm 1322 00:53:48.680 --> 00:53:49.280 going to jump in. I'm going to jump 1323 00:53:49.280 --> 00:53:50.580 in super quick. By the way, if it 1324 00:53:50.580 --> 00:53:52.280 wasn't apparent that I was very, very jet 1325 00:53:52.280 --> 00:53:55.880 -legged, but I did find a picture here 1326 00:53:55.880 --> 00:53:57.880 of a giant bohemian. I just want to 1327 00:53:57.880 --> 00:53:59.580 make sure I got that clear, giant bohemian. 1328 00:53:59.580 --> 00:54:01.240 I believe he's also now head of marketing 1329 00:54:01.240 --> 00:54:03.020 at Ocean. I think I think you mean 1330 00:54:03.020 --> 00:54:07.680 Bavarian. My prompts are just going all over 1331 00:54:07.680 --> 00:54:09.940 the place today. That's it. A Bavarian, bohemian. 1332 00:54:09.940 --> 00:54:14.680 Yeah. Okay. We were talking about all these 1333 00:54:14.680 --> 00:54:18.340 exploits and all of this spyware and everything 1334 00:54:18.340 --> 00:54:20.760 on devices. Just this other random thing that 1335 00:54:20.760 --> 00:54:23.040 came across my feet on the break here. 1336 00:54:23.040 --> 00:54:26.700 This is pretty wild. This dude, he, again, 1337 00:54:26.700 --> 00:54:28.760 on his phone here, first of all, he 1338 00:54:28.760 --> 00:54:33.080 went through and he had permanently deleted all 1339 00:54:33.080 --> 00:54:35.880 these different photos. Anyways, it found it on 1340 00:54:35.880 --> 00:54:42.740 his device and on his cloud account. 145 1341 00:54:42.740 --> 00:54:46.520 ,000 plus photos that he had, quote, unquote, 1342 00:54:46.520 --> 00:54:51.700 permanently deleted, just still stored and hidden away. 1343 00:54:51.700 --> 00:54:56.180 Then, he also found 14 ,219 photos of 1344 00:54:56.180 --> 00:54:58.920 his face on his Android phone that he 1345 00:54:58.920 --> 00:55:01.600 never took. The thing was just taking photos 1346 00:55:01.600 --> 00:55:04.280 basically every single time he picked it up. 1347 00:55:04.280 --> 00:55:08.920 So, yeah, everything is watching you. Anyways, let's 1348 00:55:08.920 --> 00:55:11.820 get to that bug disclosure. Enjoy this one, 1349 00:55:11.820 --> 00:55:15.200 everybody. What's the deal with AI finding security 1350 00:55:15.200 --> 00:55:18.180 holes? I don't want a computer telling me, 1351 00:55:18.180 --> 00:55:20.160 your security is terrible. You're going to lose 1352 00:55:20.160 --> 00:55:23.080 all your money. I want it saying, Mr. 1353 00:55:23.080 --> 00:55:25.460 Seinfeld, I cured your cancer and did your 1354 00:55:25.460 --> 00:55:32.920 shopping for you. Bitcoin inflation bug, Jerry, I'm 1355 00:55:32.920 --> 00:55:35.000 going to be rich. You're not a hacker. 1356 00:55:35.000 --> 00:55:38.000 I don't need to be. I've got AI. 1357 00:55:38.000 --> 00:55:43.320 the plan. Something about undo files. First, buy 1358 00:55:43.320 -->

00:55:50.940 a mining farm. So good. The AI says, 1359 00:55:50.940 --> 00:55:53.640 hash power to mine 5 ,000 preparatory blocks, 1360 00:55:53.640 --> 00:55:56.320 a 32 -bit undue file offset overflow, compatible 1361 00:55:56.320 --> 00:55:59.140 undo records, matching parent hashes, a perfectly timed 1362 00:55:59.140 --> 00:56:01.540 re -org, then extra coins. You understand any 1363 00:56:01.540 --> 00:56:10.140 of that? I understood extra coins. I can't 1364 00:56:10.140 --> 00:56:12.460 afford a mining farm, and I've spent over 1365 00:56:12.460 --> 00:56:16.280 $1 ,000 on AI tokens. How much Bitcoin 1366 00:56:16.280 --> 00:56:19.960 did you make? Nothing. The only thing you 1367 00:56:19.960 --> 00:56:25.960 inflated was your bill. Anyways, that's a real 1368 00:56:25.960 --> 00:56:31.920 bug disclosure. There's an inflation bug, but the 1369 00:56:31.920 --> 00:56:35.220 set of circumstances that it would take to 1370 00:56:35.220 --> 00:56:38.760 actually exploit it is literally you'd have to 1371 00:56:38.760 --> 00:56:42.140 mine 5 ,000 blocks in a row and 1372 00:56:42.140 --> 00:56:45.260 then you'd have to like basically it's it's 1373 00:56:45.260 --> 00:56:48.440 a very convoluted thing but it's still there 1374 00:56:48.440 --> 00:56:51.980 they did ship the patch to prevent even 1375 00:56:51.980 --> 00:56:56.480 that from happening but yeah great great disclosure 1376 00:56:56.480 --> 00:57:00.280 there there's also a couple other things and 1377 00:57:00.280 --> 00:57:01.800 I'll bring up to you tf tf tz 1378 00:57:01.800 --> 00:57:07.260 post two memory exhaustion vulnerabilities both rated medium 1379 00:57:07.260 --> 00:57:10.780 so First allows a malicious peer to cause 1380 00:57:10.780 --> 00:57:14.220 unbounded memory growth by pretending not to support 1381 00:57:14.220 --> 00:57:17.860 BIP 31 non -st pings. This affects all 1382 00:57:17.860 --> 00:57:20.560 platforms. The second lets an attacker send TCP 1383 00:57:20.560 --> 00:57:23.940 urgent data to bypass back pressure limits and 1384 00:57:23.940 --> 00:57:27.760 crash any Windows, Mac, or BSD node. Linux 1385 00:57:27.760 --> 00:57:32.480 not affected. Basically, you can crash people's nodes 1386 00:57:32.480 --> 00:57:36.800 by flooding it with data and, you know, 1387 00:57:36.800 --> 00:57:38.000 taken down the memory. all that kind of 1388 00:57:38.000 --> 00:57:43.920 stuff yeah uh thoughts update your notes i 1389 00:57:43.920 --> 00:57:50.420 guess blake to b doesn't have this problem 1390 00:57:50.420 --> 00:57:52.220 you know it's funny i saw a bunch 1391 00:57:52.220 --> 00:57:53.740 of those comments in the reply and i 1392 00:57:53.740 --> 00:57:54.800 was trying to figure it over sure i 1393 00:57:54.800 --> 00:57:56.680 was i'm pretty sure they do because they 1394 00:57:56.680 --> 00:57:58.120 would have been building off an older version 1395 00:57:58.120 --> 00:58:00.380 of core so they absolutely do but good 1396 00:58:00.380 --> 00:58:02.280 thing they've got a giant team of devs 1397 00:58:02.280 --> 00:58:03.980 working behind the scenes to get that patch 1398 00:58:03.980 --> 00:58:05.640 out there right away make sure everything is 1399 00:58:05.640 --> 00:58:07.340 super sweet and secure as the price continues 1400 00:58:07.340 --> 00:58:10.800 to drop. Yeah. And all the miners are 1401 00:58:10.800 --> 00:58:13.060 super keen to continue mining into the, what 1402 00:58:13.060 --> 00:58:15.980 is the 90 day delay now? Still, no, 1403 00:58:15.980 --> 00:58:18.540 it's at 45 days. They still haven't gotten, 1404 00:58:18.540 --> 00:58:20.380 that still unlock hasn't still happened and the 1405 00:58:20.380 --> 00:58:21.740 price is still crashing down. That thing is 1406 00:58:21.740 --> 00:58:24.160 just a dumpster fire. It's done. It's over. 1407 00:58:24.160 --> 00:58:25.620 It's like, just take it up back and 1408 00:58:25.620 --> 00:58:27.140 shoot it. Pull it up. I'm too busy 1409 00:58:27.140 --> 00:58:31.140 clank, I haven't even been. Last I saw 1410 00:58:31.140 --> 00:58:33.520 somebody sharing a chart, it was three, 300 1411 00:58:33.520 --> 00:58:34.700 something. At one point, it was like a 1412 00:58:34.700 --> 00:58:37.320 thousand. $300 more than it's worth. That's important. 1413 00:58:37.320 --> 00:58:39.000 That's a lot for that. Oh, what I 1414 00:58:39.000 --> 00:58:41.060 see in the chat, 180. Is that what 1415 00:58:41.060 --> 00:58:42.640 it's at now? Oh, so I got cut 1416 00:58:42.640 --> 00:58:43.660 in half a gag. Only 180 more than 1417 00:58:43.660 --> 00:58:46.420 it's worth. Yeah. You can always lose another 1418 00:58:46.420 --> 00:58:49.160 50 %, right? Don't forget. Don't forget. Always 1419 00:58:49.160 --> 00:58:53.180 lose more voice. I just love the disclosures. 1420 00:58:53.180 --> 00:58:54.820 It's good to see that, you know, someone 1421 00:58:54.820 --> 00:58:57.580 somewhere has like unlimited tokens and unencumbered access 1422 00:58:57.580 --> 00:58:59.980 to a model and they're finding like holes 1423 00:58:59.980 --> 00:59:02.440 in the Bitcoin, I guess, you know, I 1424 00:59:02.440 --> 00:59:03.280 don't want to call it a hole, but 1425 00:59:03.280 --> 00:59:05.040 it's a vulnerability, let's call it. And they 1426 00:59:05.040 --> 00:59:07.020 have so much extra firepower that they make 1427 00:59:07.020 --> 00:59:10.000 a Seinfeld video after. That's good. I'm glad 1428 00:59:10.000 --> 00:59:11.740 to see that. We can't get access to 1429 00:59:11.740 --> 00:59:13.240 those models, of course. But the people who 1430 00:59:13.240 --> 00:59:14.680 do, it's good to see they're using it 1431 00:59:14.680 --> 00:59:16.740 in the right way. Great. Yeah, yeah, exactly. 1432 00:59:16.740 --> 00:59:20.360 I like it. I feel like this is, 1433 00:59:20.360 --> 00:59:23.440 I don't, I can't tell if this is 1434 00:59:23.440 --> 00:59:25.740 real, if this is said and jest. But 1435 00:59:25.740 --> 00:59:31.140 anyways, XRP,

probably Safu right now, yeah. Yeah, 1436 00:59:31.140 --> 00:59:34.200 anyways, I also wanted to highlight, we got 1437 00:59:34.200 --> 00:59:35.420 off a little bit. it but I wanted 1438 00:59:35.420 --> 00:59:42.940 to mention Google Gemini for carbon. And the 1439 00:59:42.940 --> 00:59:45.700 rankings on this put it right up with 1440 00:59:45.700 --> 00:59:53.840 a ton of the frontier models. So what, 1441 00:59:53.840 --> 00:59:57.700 artificial analysis intelligence index, it's right to the 1442 00:59:57.700 --> 01:00:01.900 top. Artificial Analysis Coding Agent Index, it's just 1443 01:00:01.900 --> 01:00:06.740 behind Claude Code Opus, 5. 5 .5 max. 1444 01:00:06.740 --> 01:00:10.640 So Google jumping a number of spots to 1445 01:00:10.640 --> 01:00:13.180 be right up there with the big voice. 1446 01:00:13.180 --> 01:00:14.660 This is which one, Ben? What is the 1447 01:00:14.660 --> 01:00:16.600 name on that one? It should be though, 1448 01:00:16.600 --> 01:00:20.000 right? It's called Gemini for carbon. Yeah, what 1449 01:00:20.000 --> 01:00:22.020 about, okay, yeah, it should be. You're right, 1450 01:00:22.020 --> 01:00:23.100 Walker. I agree with you there. But I'm 1451 01:00:23.100 --> 01:00:26.260 wondering, like, I have Gemini open and I 1452 01:00:26.260 --> 01:00:29.560 see, I have a pro account, and I 1453 01:00:29.560 --> 01:00:31.500 don't see carbon, I see Argon. So is 1454 01:00:31.500 --> 01:00:34.160 this there, Frontier, Frontier? Yeah, this is the 1455 01:00:34.160 --> 01:00:36.620 next one. Gargon came out two weeks ago. 1456 01:00:36.620 --> 01:00:38.680 And they're at O .5 .5. I mean, 1457 01:00:38.680 --> 01:00:39.860 you know, let me know when you get 1458 01:00:39.860 --> 01:00:42.220 closer to Fable, I guess. But like until 1459 01:00:42.220 --> 01:00:44.400 then, you're still, what does this put them 1460 01:00:44.400 --> 01:00:46.220 at? When did 5 .5 come out two 1461 01:00:46.220 --> 01:00:49.400 months ago? Yeah. Like, this is still, like, 1462 01:00:49.400 --> 01:00:51.000 man, you know, we just, we just talked 1463 01:00:51.000 --> 01:00:52.660 about how these guys have all the horses 1464 01:00:52.660 --> 01:00:54.780 in the stable that you would want to 1465 01:00:54.780 --> 01:00:57.440 build an AI company. They own the compute. 1466 01:00:57.440 --> 01:01:00.060 They have the IP to like build these 1467 01:01:00.060 --> 01:01:02.980 things. They have the minds. The internet. Yeah. 1468 01:01:02.980 --> 01:01:04.600 You know, to a larger stage. And they're 1469 01:01:04.600 --> 01:01:06.960 behind. And they're behind. Like, how is this 1470 01:01:06.960 --> 01:01:09.080 possible? They just don't care? Like, what is 1471 01:01:09.080 --> 01:01:12.260 it? I have some theories. Tell me. I 1472 01:01:12.260 --> 01:01:18.080 think you know what they are, Joey. We'll 1473 01:01:18.080 --> 01:01:21.220 leave that for another day. We'll leave it 1474 01:01:21.220 --> 01:01:23.380 for the viewer to us. We're

starting our 1475 01:01:23.380 --> 01:01:25.440 new hardware company. We're going to be selling 1476 01:01:25.440 --> 01:01:27.160 NVIDIA chips. They're going to be in video 1477 01:01:27.160 --> 01:01:32.500 clones called H1B's. The latest hardware for a 1478 01:01:32.500 --> 01:01:37.860 guy, another Indian. But it is true. Like, 1479 01:01:37.860 --> 01:01:40.100 there's something to this idea that, like, these 1480 01:01:40.100 --> 01:01:42.180 guys have, should be the frontier of all 1481 01:01:42.180 --> 01:01:45.520 this stuff. There was basically no reason why. 1482 01:01:45.520 --> 01:01:47.160 And this is hard, it's hard to imagine 1483 01:01:47.160 --> 01:01:49.780 this actually being the case that, like, Google 1484 01:01:49.780 --> 01:01:52.800 had this huge head start basically in everything. 1485 01:01:52.800 --> 01:01:53.700 Because like you said, Walker, they were at 1486 01:01:53.700 --> 01:01:55.480 the, they were at the, you know. Yeah, 1487 01:01:55.480 --> 01:01:58.020 but so did Netscape and so did Yahoo. 1488 01:01:58.020 --> 01:02:00.160 Like, there was somebody that was going to 1489 01:02:00.160 --> 01:02:02.160 overthrow them in. And so did Skype. But 1490 01:02:02.160 --> 01:02:04.380 they didn't have mature markets the way these 1491 01:02:04.380 --> 01:02:06.660 guys do. Like, these guys have mature markets 1492 01:02:06.660 --> 01:02:07.940 now in the internet. We're at the, like 1493 01:02:07.940 --> 01:02:09.320 these guys, for example, when it came to 1494 01:02:09.320 --> 01:02:12.320 the phones, right, they had the, they had 1495 01:02:12.320 --> 01:02:13.300 the, they had the, I think they were 1496 01:02:13.300 --> 01:02:16.000 called the Nexus phones for a while. Like 1497 01:02:16.000 --> 01:02:19.140 the in -house hardware, in -house chips, in 1498 01:02:19.140 --> 01:02:21.320 -house, like, all that stuff was made by 1499 01:02:21.320 --> 01:02:24.200 them or like a one -step manufacturer. So 1500 01:02:24.200 --> 01:02:25.700 you're talking like, we're talking about like a 1501 01:02:25.700 --> 01:02:28.900 smile value curve of hardware manufacturing. These guys 1502 01:02:28.900 --> 01:02:32.380 had the whole thing. And 10 years later, 1503 01:02:32.380 --> 01:02:34.420 I still remember during the pandemic, investing podcast 1504 01:02:34.420 --> 01:02:36.220 going out. Apple, king of the smile curve, 1505 01:02:36.220 --> 01:02:38.540 these guys had it a decade before and 1506 01:02:38.540 --> 01:02:40.300 dropped the ball. And then you're talking about 1507 01:02:40.300 --> 01:02:42.760 AI. You're talking about, you know, whether it's 1508 01:02:42.760 --> 01:02:45.120 like these Chrome books or Chrome browser or 1509 01:02:45.120 --> 01:02:47.000 whatever. Well, don't forget, you have all the 1510 01:02:47.000 --> 01:02:48.960 major problems that come with like basically turning 1511 01:02:48.960 --> 01:02:51.760 into a socialist country like Canada. That happens 1512 01:02:51.760 --> 01:02:53.200 when these companies get to that size. You 1513 01:02:53.200 --> 01:02:55.420 got HR departments. You think it's that too, 1514 01:02:55.420 --> 01:02:56.840 eh? Yes, they're going to start to move 1515 01:02:56.840 --> 01:02:58.620 slower. Like, I wouldn't be surprised to see 1516 01:02:58.620 --> 01:03:01.880 Google get dethroned by SpayX. It definitely could 1517 01:03:01.880 --> 01:03:02.680 be a human resources issue. It definitely could 1518 01:03:02.680 --> 01:03:04.120 be a human resources issue. People could be 1519 01:03:04.120 --> 01:03:05.440 lying on their residence. amazes to get into 1520 01:03:05.440 --> 01:03:06.700 certain countries in order to get jobs that 1521 01:03:06.700 --> 01:03:08.700 they want. Is that really a big problem, 1522 01:03:08.700 --> 01:03:10.680 you think? I think so. I think when 1523 01:03:10.680 --> 01:03:12.660 ever did you guys get that is that 1524 01:03:12.660 --> 01:03:14.720 is that is that really a big problem? 1525 01:03:14.720 --> 01:03:17.980 Yeah. Oh, okay. Hey, oh, drum kits behind. 1526 01:03:17.980 --> 01:03:20.380 That was nice. Half the shot is like 1527 01:03:20.380 --> 01:03:21.980 yeah, another half's like I don't I don't 1528 01:03:21.980 --> 01:03:25.140 get it. You're always going to have the 1529 01:03:25.140 --> 01:03:27.120 problems with these behemists and there is, like, 1530 01:03:27.120 --> 01:03:28.580 Like we always think that it's impossible for 1531 01:03:28.580 --> 01:03:30.060 them to get overthrown, but then you have 1532 01:03:30.060 --> 01:03:32.740 some nimble company get some advantage, start building 1533 01:03:32.740 --> 01:03:34.580 up momentum. And it's possible that they get, 1534 01:03:34.580 --> 01:03:35.740 they get, they get, push back. Think about 1535 01:03:35.740 --> 01:03:37.920 how much time they're probably wasting on Gemini 1536 01:03:37.920 --> 01:03:40.400 compliance, right? In terms of like, what is 1537 01:03:40.400 --> 01:03:42.220 it saying? Is it saying all the politically 1538 01:03:42.220 --> 01:03:43.680 correct things? Is in line with what we 1539 01:03:43.680 --> 01:03:46.700 deem acceptable? That they're neutering their own models 1540 01:03:46.700 --> 01:03:48.060 along the way and how much of an 1541 01:03:48.060 --> 01:03:49.740 impact they would have. If you're just going 1542 01:03:49.740 --> 01:03:52.260 for the best of the best, pure meritocracy, 1543 01:03:52.260 --> 01:03:54.780 you want to have the top AI model, 1544 01:03:54.780 --> 01:03:55.900 you're not going to be trying to slow 1545 01:03:55.900 --> 01:03:58.540 it down by saying, whoa, whoa, that's some 1546 01:03:58.540 --> 01:04:01.720 uncomfortable information with regards to demographics and IQ. 1547 01:04:01.720 --> 01:04:03.380 You can't have that. And trying to filter 1548 01:04:03.380 --> 01:04:05.620 out. You're always trying to to get rid 1549 01:04:05.620 --> 01:04:06.960 of information. If you can just let it 1550 01:04:06.960 --> 01:04:09.260 take the data

as it is, regardless of 1551 01:04:09.260 --> 01:04:10.700 the outcome, you're going to end up having 1552 01:04:10.700 --> 01:04:12.920 the better model. Do you guys remember when 1553 01:04:12.920 --> 01:04:15.600 when Gemini was like first like kind of 1554 01:04:15.600 --> 01:04:18.340 coming out and how their image generation was 1555 01:04:18.340 --> 01:04:20.460 working when it was like, Genente, American Founding 1556 01:04:20.460 --> 01:04:22.340 Fathers? and it was like, they're all black. 1557 01:04:22.340 --> 01:04:25.800 Yeah. Give me a picture of your stereotypical 1558 01:04:25.800 --> 01:04:29.800 Swedish family. Yeah, it was Netflix Swedes. Yeah. 1559 01:04:29.800 --> 01:04:31.420 I mean, yeah, it was, yeah, super Netflix 1560 01:04:31.420 --> 01:04:33.220 coded. But like, that's the thing like i 1561 01:04:33.220 --> 01:04:35.140 think nathan that's a very good point just 1562 01:04:35.140 --> 01:04:38.020 like the the cost of the cost of 1563 01:04:38.020 --> 01:04:39.700 wokeness and the cost of compliance and these 1564 01:04:39.700 --> 01:04:42.500 things slight digression but one thing that like 1565 01:04:42.500 --> 01:04:43.980 we talked about how opus 5 .5 is 1566 01:04:43.980 --> 01:04:46.060 what a couple months ago and it was 1567 01:04:46.060 --> 01:04:47.720 honestly one of the like around them was 1568 01:04:47.720 --> 01:04:50.060 like when i started using claude like really 1569 01:04:50.060 --> 01:04:52.460 really really hard um and then just like 1570 01:04:52.460 --> 01:04:54.520 you know now like maxed out the plan 1571 01:04:54.520 --> 01:04:56.420 that i can get because it's it's fucking 1572 01:04:56.420 --> 01:04:58.760 worth it um so much it's so fucking 1573 01:04:58.760 --> 01:05:00.860 worth it it's actually so insanely cheap for 1574 01:05:00.860 --> 01:05:02.800 what it gives me you know that's going 1575 01:05:02.800 --> 01:05:06.740 to be incredible. Given Anthropic just put out 1576 01:05:06.740 --> 01:05:10.320 their S1 and they're going to IPO soon, 1577 01:05:10.320 --> 01:05:12.920 you know, leading up the IPO, they've probably, 1578 01:05:12.920 --> 01:05:14.720 I bet they've got three different new model 1579 01:05:14.720 --> 01:05:17.100 drops. They've been sitting on it, yep. Anthropic 1580 01:05:17.100 --> 01:05:19.060 does, you think? What about the competitors, the 1581 01:05:19.060 --> 01:05:22.260 guys who are already public? Timing, timing the 1582 01:05:22.260 --> 01:05:24.820 price. They have every financial incentive. Yep, exactly. 1583 01:05:24.820 --> 01:05:27.360 To have the biggest impact right before the 1584 01:05:27.360 --> 01:05:29.800 IPO. Yep, bingo. So that's what they're going 1585 01:05:29.800 --> 01:05:31.480 to do. I bet they've been holding some 1586 01:05:31.480 --> 01:05:33.480 stuff, fine -tuning it. Even if it's ready 1587 01:05:33.480 --> 01:05:35.680 to go now, just, it's like, not even 1588 01:05:35.680 --> 01:05:36.880 that much better. But I bet they've got 1589 01:05:36.880 --> 01:05:39.060 some that are like, what's the feature, Walker? 1590 01:05:39.060 --> 01:05:40.180 What's the killer thing that you think they're 1591 01:05:40.180 --> 01:05:42.160 hiding on? They're sitting on. I got, I 1592 01:05:42.160 --> 01:05:43.600 got one suggestion. I want to hear yours. 1593 01:05:43.600 --> 01:05:45.880 I'm curious what you think, yeah. It's ImageGen, 1594 01:05:45.880 --> 01:05:48.800 is my guess. Speaking of that, Jim, I 1595 01:05:48.800 --> 01:05:51.380 will say that Gemini is getting a lot 1596 01:05:51.380 --> 01:05:52.900 better. Yeah, yeah, true, exactly. It is getting 1597 01:05:52.900 --> 01:05:54.620 a lot better. So Gemini is not necessarily 1598 01:05:54.620 --> 01:05:56.760 giving us terrible image generation anymore. So just 1599 01:05:56.760 --> 01:05:58.860 want to throw that one up there. Sorry, 1600 01:05:58.860 --> 01:06:01.520 Walker, I interrupted. No, you know, never apologize 1601 01:06:01.520 --> 01:06:05.420 for showing a businesswoman on this show, you 1602 01:06:05.420 --> 01:06:08.900 know. She's got, she's worth so many more 1603 01:06:08.900 --> 01:06:12.460 multiples than we will ever be. But yeah, 1604 01:06:12.460 --> 01:06:13.800 Sydney, if you're listening to this right now, 1605 01:06:13.800 --> 01:06:15.700 you're welcome to come on this show anytime. 1606 01:06:15.700 --> 01:06:18.640 Anytime, we'll give you the big panel. I 1607 01:06:18.640 --> 01:06:21.320 don't know what that means, Joey, but please 1608 01:06:21.320 --> 01:06:22.800 don't listen to Joey. We'll make sure he's 1609 01:06:22.800 --> 01:06:26.020 not here for that episode. Sir, go ahead. 1610 01:06:26.020 --> 01:06:27.340 No, I was just, I think we are 1611 01:06:27.340 --> 01:06:28.840 going to get like, again, we know that 1612 01:06:28.840 --> 01:06:30.380 the whole pace and Frontier thing was absolute 1613 01:06:30.380 --> 01:06:32.980 bullshit. Like, we've talked about that, you know, 1614 01:06:32.980 --> 01:06:34.940 a lot. The whole, you know, with Timu 1615 01:06:34.940 --> 01:06:36.820 Harry Potter and all that shit. It was 1616 01:06:36.820 --> 01:06:39.600 just the most fucking, like, just really blatant 1617 01:06:39.600 --> 01:06:42.080 K -Faib you've ever seen. These guys are 1618 01:06:42.080 --> 01:06:43.740 about to try to go so hard because 1619 01:06:43.740 --> 01:06:46.060 they're going to need to continue justifying these. 1620 01:06:46.060 --> 01:06:47.260 They got to justify, what was it, 1 1621 01:06:47.260 --> 01:06:50.380 .3? 1 .3 trillion, right? Oh, geez, let 1622 01:06:50.380 --> 01:06:51.740 me look up the estimates right now. I 1623 01:06:51.740 --> 01:06:53.380 think it was like two at one point. 1624 01:06:53.380 --> 01:06:55.860 It's high. There's some, there's some, I mean, 1625 01:06:55.860 --> 01:06:57.400 I just to justify it. Yeah, they have 1626 01:06:57.400 --> 01:06:58.840 to, it's getting harder. There's a little bit 1627 01:06:58.840 -->

01:07:01.340 of finesse. in the debt structuring too that 1628 01:07:01.340 --> 01:07:02.840 I haven't done to you to but but 1629 01:07:02.840 --> 01:07:04.320 um i don't yeah to your point walker 1630 01:07:04.320 --> 01:07:05.180 i don't think it matters you know what's 1631 01:07:05.180 --> 01:07:06.560 interesting is you if you look at their 1632 01:07:06.560 --> 01:07:08.860 one point five to two look at their 1633 01:07:08.860 --> 01:07:11.120 run rate um last year compared to this 1634 01:07:11.120 --> 01:07:13.360 year it's down by like almost 70 percent 1635 01:07:13.360 --> 01:07:14.980 i'm pretty sure i saw so like they're 1636 01:07:14.980 --> 01:07:16.940 obviously getting better at what they're doing even 1637 01:07:16.940 --> 01:07:19.280 as token costs presumably are dropping for them 1638 01:07:19.280 --> 01:07:21.640 right i i are you are you guys 1639 01:07:21.640 --> 01:07:22.960 i mean i'll just ask you why the 1640 01:07:22.960 --> 01:07:25.700 revenue for employees like six million per employee 1641 01:07:25.700 --> 01:07:27.500 so are you going to buy that's fucking 1642 01:07:27.500 --> 01:07:29.180 insane are you buying in November when they 1643 01:07:29.180 --> 01:07:31.640 go public? No. No? No. No, I'll buy 1644 01:07:31.640 --> 01:07:33.740 some more SpaceX and maybe a little bit 1645 01:07:33.740 --> 01:07:36.660 more MSTR instead now. Okay. Have you considered 1646 01:07:36.660 --> 01:07:37.960 buying Bitcoin? It might be a good idea 1647 01:07:37.960 --> 01:07:40.140 too. But the other thing. I buy Bitcoin 1648 01:07:40.140 --> 01:07:42.860 twice every hour of every day. There we 1649 01:07:42.860 --> 01:07:45.020 go. I love it. Thank you for being 1650 01:07:45.020 --> 01:07:46.940 the floor that we need. I'll just say 1651 01:07:46.940 --> 01:07:49.080 the only the only thing that I, if 1652 01:07:49.080 --> 01:07:50.380 I were to make a like a guess 1653 01:07:50.380 --> 01:07:52.360 as to what Anthropics going to drop leading 1654 01:07:52.360 --> 01:07:54.240 up to the IPO, because it's one of 1655 01:07:54.240 --> 01:07:56.100 the things that I found that seems really 1656 01:07:56.100 --> 01:07:57.840 kneecapped for some reason and I don't know 1657 01:07:57.840 --> 01:08:01.040 why. It's the voice dictation, like having the 1658 01:08:01.040 --> 01:08:03.140 voice chat with an agent that's then dictating 1659 01:08:03.140 --> 01:08:05.200 an army of agents. I can sometimes call 1660 01:08:05.200 --> 01:08:06.700 up that feature. I sometimes have to fight 1661 01:08:06.700 --> 01:08:08.380 with it to call up that feature, where 1662 01:08:08.380 --> 01:08:09.940 me and the voice bot are going through 1663 01:08:09.940 --> 01:08:11.900 everything. And then it's dictating to different agents 1664 01:08:11.900 --> 01:08:13.280 working on the project, what to do. You're 1665 01:08:13.280 --> 01:08:15.980 talking about orchestration, right? Yeah, yeah. Basically like 1666 01:08:15.980 --> 01:08:18.060 voice chat orchestration for an army of bots. 1667 01:08:18.060 --> 01:08:19.200 I bet you that's the next feature of 1668 01:08:19.200 --> 01:08:21.160 the drop. It's like a permanent thing. Well, 1669 01:08:21.160 --> 01:08:22.880 that's what they're doing. That's what Anthropic is 1670 01:08:22.880 --> 01:08:25.480 doing with, was it duo or duet? Like, 1671 01:08:25.480 --> 01:08:27.800 that's their, that's their response to Grockbot. Because 1672 01:08:27.800 --> 01:08:30.780 Grockbot's fucking amazing. Did it ever come Outwalker, 1673 01:08:30.780 --> 01:08:31.900 the duet thing? I know we talked about 1674 01:08:31.900 --> 01:08:33.200 it. I don't remember ever seen it in 1675 01:08:33.200 --> 01:08:34.320 my cloud. It's in a research preview right 1676 01:08:34.320 --> 01:08:36.840 now. I submitted to, like, get it, but 1677 01:08:36.840 --> 01:08:37.900 there's no way they're going to give me, 1678 01:08:37.900 --> 01:08:40.400 you know, early exodus. I'll be throw my 1679 01:08:40.400 --> 01:08:43.320 hat in the ring, you know? But, like, 1680 01:08:43.320 --> 01:08:44.460 I think that that is one of the 1681 01:08:44.460 --> 01:08:47.080 most, like, useful things. Like, I use Grockbot 1682 01:08:47.080 --> 01:08:50.820 for probably the majority of my, like, hey, 1683 01:08:50.820 --> 01:08:51.980 I just like, either I have a, I 1684 01:08:51.980 --> 01:08:53.300 have a question. I need to get, like, 1685 01:08:53.300 --> 01:08:54.700 something done quickly. I need to set a 1686 01:08:54.700 --> 01:08:56.240 reminder for myself. I need to, like, whatever 1687 01:08:56.240 --> 01:08:57.900 it might be. but then also for like 1688 01:08:57.900 --> 01:08:59.540 deep research on stuff, because I also know 1689 01:08:59.540 --> 01:09:01.720 it's tied into X directly. And that's a 1690 01:09:01.720 --> 01:09:03.980 super, super nice thing to be able to 1691 01:09:03.980 --> 01:09:05.660 get really real -time data on that. So, 1692 01:09:05.660 --> 01:09:07.740 like, from a research perspective, it's awesome. And 1693 01:09:07.740 --> 01:09:09.620 it's also just like, that's a good experience. 1694 01:09:09.620 --> 01:09:10.760 You pull up your primary. Now you can 1695 01:09:10.760 --> 01:09:12.140 do, I have like, I have the fucking 1696 01:09:12.140 --> 01:09:16.200 hotkey now. So what is it? Literally just 1697 01:09:16.200 --> 01:09:19.440 like a hotkey Grockbot now on my iPhone. 1698 01:09:19.440 --> 01:09:21.740 Hey, hey, what's up? Can you tell me 1699 01:09:21.740 --> 01:09:24.680 something that'll make Joey from Canadian bitcoins, pee 1700 01:09:24.680 --> 01:09:30.260 himself? I love the energy. No, okay, that's 1701 01:09:30.260 --> 01:09:32.720 enough for me. All I really wanted to 1702 01:09:32.720 --> 01:09:34.620 know there is what voice you're using. You 1703 01:09:34.620 --> 01:09:36.080 got to know what voice people choose for 1704 01:09:36.080 --> 01:09:37.280 the boss. I assume he's using Karlobaugh, but 1705 01:09:37.280 -->

01:09:39.440 maybe I'm mistaken. I haven't figured out to 1706 01:09:39.440 --> 01:09:40.860 tie it in yet, because you have to 1707 01:09:40.860 --> 01:09:45.140 get special access to the XAI's developer program. 1708 01:09:45.140 --> 01:09:47.500 They haven't given us yet. But no, I 1709 01:09:47.500 --> 01:09:49.680 use a British one because I like to 1710 01:09:49.680 --> 01:09:51.320 think it's sort of like, it's like reverse 1711 01:09:51.320 --> 01:09:53.600 colonialism a little bit. You know, it's like, 1712 01:09:53.600 --> 01:09:56.260 making them your slave. I love it. Exactly. 1713 01:09:56.260 --> 01:09:58.260 Exactly. That's like, what do you use, Joey? 1714 01:09:58.260 --> 01:09:59.660 Like a, kind of like a, maybe like 1715 01:09:59.660 --> 01:10:02.620 a Punjabi accent? Mine is a standard, the 1716 01:10:02.620 --> 01:10:04.380 standard, I think his name is Liam and 1717 01:10:04.380 --> 01:10:07.960 Claude, the regular guy. Oh, interesting. Yeah, the 1718 01:10:07.960 --> 01:10:10.360 regular guy. I will say, listen, I. Use 1719 01:10:10.360 --> 01:10:13.100 a male assistant then. I have actually started 1720 01:10:13.100 --> 01:10:14.500 talking to the clankton. I don't take orders 1721 01:10:14.500 --> 01:10:16.160 from women. I'm not using Well, I'm, I 1722 01:10:16.160 --> 01:10:17.440 talk to the clanker while I'm walking my 1723 01:10:17.440 --> 01:10:18.720 dog now, which I never thought I would 1724 01:10:18.720 --> 01:10:20.620 do, even a month ago. But it's like 1725 01:10:20.620 --> 01:10:24.460 fucking free hour to get shit done. It's 1726 01:10:24.460 --> 01:10:26.720 unbelievable. how good the stuff is anyway we 1727 01:10:26.720 --> 01:10:28.800 talk oh yeah it's it's amazing the the 1728 01:10:28.800 --> 01:10:31.680 chat and through is just like yeah it's 1729 01:10:31.680 --> 01:10:34.340 just just a quick little voice note and 1730 01:10:34.340 --> 01:10:38.160 shit gets done it's amazing yeah uh gents 1731 01:10:38.160 --> 01:10:40.920 i got to pull up a couple things 1732 01:10:40.920 --> 01:10:45.360 here uh i wanted to mention in regards 1733 01:10:45.360 --> 01:10:47.840 to obviously there's been a lot of uh 1734 01:10:47.840 --> 01:10:51.060 chatter and a lot of announcements of bitcoin 1735 01:10:51.060 --> 01:10:57.360 miners dropping off and moving to data centers. 1736 01:10:57.360 --> 01:11:02.880 However, this is notable here, look at the 1737 01:11:02.880 --> 01:11:08.280 hash rate. It's almost recovered back to all 1738 01:11:08.280 --> 01:11:10.800 -time highs. So it seems to be coming 1739 01:11:10.800 --> 01:11:15.080 back a little bit with, you know, throughout 1740 01:11:15.080 --> 01:11:16.720 the summer. Obviously, we had the bump in 1741 01:11:16.720 --> 01:11:18.780 price, so that's going to impact it. But, 1742 01:11:18.780 --> 01:11:21.700 you know, from a lot of those announcements 1743 01:11:21.700 --> 01:11:27.620 of miners moving to AI data centers. I 1744 01:11:27.620 --> 01:11:30.280 mean, are we a little surprised that with 1745 01:11:30.280 --> 01:11:32.620 not that much of a price bump, we're 1746 01:11:32.620 --> 01:11:36.200 already pushing up against previous all -time highs 1747 01:11:36.200 --> 01:11:37.620 of hash rate? I want to get the 1748 01:11:37.620 --> 01:11:39.280 boys' takes on this while I look for 1749 01:11:39.280 --> 01:11:41.000 some more information. Holy shit, I found it, 1750 01:11:41.000 --> 01:11:43.460 Joey. The other thing, chat, you'll know soon 1751 01:11:43.460 --> 01:11:45.800 enough. The only thing that immediately jumps out 1752 01:11:45.800 --> 01:11:48.360 to mind is that if you had geopolitical 1753 01:11:48.360 --> 01:11:50.960 tensions with regards to even an existing dollar 1754 01:11:50.960 --> 01:11:52.940 framework, that there might be an incentive for 1755 01:11:52.940 --> 01:11:54.780 some of those companies to start taking cheap 1756 01:11:54.780 --> 01:11:57.540 energy. and turning on hash. So I'm not 1757 01:11:57.540 --> 01:11:59.260 surprised to see this bump up at all, 1758 01:11:59.260 --> 01:12:02.400 but maybe Walker, you see something different. No, 1759 01:12:02.400 --> 01:12:03.680 I do not, Nathan. I see the exact 1760 01:12:03.680 --> 01:12:05.900 same thing. I think that this is like, 1761 01:12:05.900 --> 01:12:09.280 you know, Bitcoin, I think that Bitcoin is 1762 01:12:09.280 --> 01:12:13.040 a very binary, pun intended, it's a very 1763 01:12:13.040 --> 01:12:17.060 binary thing. Like, it's either failing or it's 1764 01:12:17.060 --> 01:12:19.400 repriced in the entire world. There is not 1765 01:12:19.400 --> 01:12:22.300 really an in -between, right? So, like, that 1766 01:12:22.300 --> 01:12:23.520 hash rate was either going to keep going 1767 01:12:23.520 --> 01:12:25.980 down to zero, because everybody stopped giving a 1768 01:12:25.980 --> 01:12:27.800 fuck, or of course it was going to 1769 01:12:27.800 --> 01:12:31.020 jump back up. Like, of course it was 1770 01:12:31.020 --> 01:12:33.220 going to. And I think that you have 1771 01:12:33.220 --> 01:12:36.960 also, like, there's been a lot of, a 1772 01:12:36.960 --> 01:12:38.080 lot, I think there was a lot of 1773 01:12:38.080 --> 01:12:41.520 getting into AI data centers because that was 1774 01:12:41.520 --> 01:12:43.420 the trendy, like, that was what was going 1775 01:12:43.420 --> 01:12:45.040 to get your stock to pump. Like, oh, 1776 01:12:45.040 --> 01:12:47.740 look, they've got all this capacity, and now 1777 01:12:47.740 --> 01:12:49.380 they're turn it to AI. Like, boom, you 1778 01:12:49.380 --> 01:12:51.200 like, send them, you know, triple their stock 1779 01:12:51.200 --> 01:12:55.520 price. And then I think, like, Again, there's, 1780 01:12:55.520 --> 01:12:58.000 there's some shenanigans going on in the, in 1781 01:12:58.000 --> 01:13:00.180 the, in the, in the AI world in 1782 01:13:00.180 --> 01:13:02.760 that sense. But like, you know, Bitcoin mining 1783 01:13:02.760

--> 01:13:04.700 is a brutal industry, as anybody who's a 1784 01:13:04.700 --> 01:13:07.840 Bitcoin miner will tell you, it's not easy. 1785 01:13:07.840 --> 01:13:10.420 But also, Bitcoin mining is not an industry 1786 01:13:10.420 --> 01:13:13.080 that is confined to the United States. And 1787 01:13:13.080 --> 01:13:15.300 so we're not just looking here, as to 1788 01:13:15.300 --> 01:13:16.680 your point, Nathan, we're not just looking at 1789 01:13:16.680 --> 01:13:19.340 something that is, oh, this is about publicly 1790 01:13:19.340 --> 01:13:22.360 traded American Bitcoin miners that move to AI 1791 01:13:22.360 --> 01:13:25.320 coming back to, coming back to Bitcoin. I 1792 01:13:25.320 --> 01:13:26.280 don't know if we have the data on 1793 01:13:26.280 --> 01:13:29.000 where the hash rate's coming from, but I 1794 01:13:29.000 --> 01:13:31.300 would guess that it's your point, Nathan, that 1795 01:13:31.300 --> 01:13:33.360 it's probably coming from a lot of different 1796 01:13:33.360 --> 01:13:36.260 places. And there's probably a lot of, again, 1797 01:13:36.260 --> 01:13:38.060 if you have any sort of stranded energy 1798 01:13:38.060 --> 01:13:40.120 or you have excess energy, especially if you 1799 01:13:40.120 --> 01:13:42.940 have, let's say, embargoes on being able to 1800 01:13:42.940 --> 01:13:44.780 move your energy to certain places or sell 1801 01:13:44.780 --> 01:13:46.740 into certain markets, boy, it sure make a 1802 01:13:46.740 --> 01:13:48.180 lot of sense for you to turn that 1803 01:13:48.180 --> 01:13:51.860 excess energy into unfuckable money. But I'm no 1804 01:13:51.860 --> 01:13:55.100 geopolitical strategist. just a humble geologist, so what 1805 01:13:55.100 --> 01:13:56.720 do I know? And if you want to 1806 01:13:56.720 --> 01:13:58.860 make sure that your transactions weren't somehow censored 1807 01:13:58.860 --> 01:14:00.840 and confirmed in the block, you might have 1808 01:14:00.840 --> 01:14:02.100 to do it yourself or make sure that 1809 01:14:02.100 --> 01:14:06.340 you have the ability to do so. Joey, 1810 01:14:06.340 --> 01:14:07.580 Ben, what we got? Ben, you want to 1811 01:14:07.580 --> 01:14:08.420 the next section? It's going to be a 1812 01:14:08.420 --> 01:14:10.140 fun one. Yeah, let's move on. Let's move 1813 01:14:10.140 --> 01:14:11.560 on. We're going to close here. We may 1814 01:14:11.560 --> 01:14:15.060 as well close hot. Okay, okay. In the 1815 01:14:15.060 --> 01:14:17.920 chat, every week, there's like three segments, okay. 1816 01:14:17.920 --> 01:14:19.740 And the third segment is always something, some 1817 01:14:19.740 --> 01:14:21.520 bullshit that one of us puts in there. 1818 01:14:21.520 --> 01:14:23.300 There's nothing to do with Bitcoin. Sometimes we 1819 01:14:23.300 --> 01:14:26.240 hit it. Sometimes we don't. Ben, tell them 1820 01:14:26.240 --> 01:14:28.160 what the third segment is this way. Okay, 1821 01:14:28.160 --> 01:14:34.420 okay. Oh, boy. Okay. So, God, how do 1822 01:14:34.420 --> 01:14:36.560 I even tee this up? I don't know. 1823 01:14:36.560 --> 01:14:38.440 We want to help. We're here to help. 1824 01:14:38.440 --> 01:14:39.480 We're here to help. We have an important 1825 01:14:39.480 --> 01:14:44.100 public service announcement. This is critical for humanity 1826 01:14:44.100 --> 01:14:47.520 moving forward. Oh, okay. What is what is 1827 01:14:47.520 --> 01:14:50.140 going on here? Jennifer Lawrence. Come on. Can 1828 01:14:50.140 --> 01:14:51.360 you enhance that? We got to zoom in, 1829 01:14:51.360 --> 01:14:55.440 motherfucker. I mean, whatever. Got it's the, it's 1830 01:14:55.440 --> 01:14:57.960 the, it's the like, and those are professional 1831 01:14:57.960 --> 01:14:59.140 photos too, by the way. This just take 1832 01:14:59.140 --> 01:15:02.660 a moment. That is a professional staged photo. 1833 01:15:02.660 --> 01:15:04.420 You have the best photographer, the best lighting, 1834 01:15:04.420 --> 01:15:06.840 the best editors, and that's the best best 1835 01:15:06.840 --> 01:15:09.800 you got. What did they do to her? 1836 01:15:09.800 --> 01:15:11.580 Guess, Walker. What do you think they did? 1837 01:15:11.580 --> 01:15:14.160 Without telling him what happened here? What, what 1838 01:15:14.160 --> 01:15:16.200 surgery did she have done? There's two big 1839 01:15:16.200 --> 01:15:17.420 ones to stand out to meet. And I 1840 01:15:17.420 --> 01:15:20.000 think they're the worst. Added something right here 1841 01:15:20.000 --> 01:15:22.040 in the... Close, but you're going in the 1842 01:15:22.040 --> 01:15:24.460 wrong direction. And the old mandibles? They pulled 1843 01:15:24.460 --> 01:15:27.060 the bochle fat out. They sucked out the 1844 01:15:27.060 --> 01:15:29.140 cheek fat out. She's going to get bochle 1845 01:15:29.140 --> 01:15:31.520 fat re -inserted in like 10 years. What's 1846 01:15:31.520 --> 01:15:33.140 the other thing? What's the other thing she 1847 01:15:33.140 --> 01:15:35.280 had done? Almost more egregious than that. Bridge 1848 01:15:35.280 --> 01:15:36.920 of the nose. There's something going on the 1849 01:15:36.920 --> 01:15:41.000 way. It's facelift. No. She had her hooded. 1850 01:15:41.000 --> 01:15:42.860 Hooded eyelids. Oh, that's what it was. They 1851 01:15:42.860 --> 01:15:44.760 took it. They cut the extra skin. They 1852 01:15:44.760 --> 01:15:46.980 tuck them up, basically. And you get rid 1853 01:15:46.980 --> 01:15:48.400 of that hooded eye look. Which, by the 1854 01:15:48.400 --> 01:15:51.260 way, I mean, hooded eyes are a feature 1855 01:15:51.260 --> 01:15:52.920 that's been in the species for a million 1856 01:15:52.920 --> 01:15:56.020 years, okay? Like, you can be hot with 1857 01:15:56.020 --> 01:15:58.200 hooded eyes. There's no, no one is ever 1858 01:15:58.200 --> 01:16:00.520 going to say, man, that girl's a dime 1859 01:16:00.520 --> 01:16:03.500 except for her hooded eyes. Certainly no fucking, 1860 01:16:03.500

--> 01:16:05.580 like, red -blooded male is going to say 1861 01:16:05.580 --> 01:16:07.560 that. And Ben, scroll down, there is the 1862 01:16:07.560 --> 01:16:08.800 side -by -side photo. You got to get 1863 01:16:08.800 --> 01:16:10.440 that side -by -side photo. Pull -up. She 1864 01:16:10.440 --> 01:16:22.360 was like a nice, not that one. Later. 1865 01:16:22.360 --> 01:16:23.460 where I saw it as we were scrolling 1866 01:16:23.460 --> 01:16:24.880 through. I mean, that's what she used to 1867 01:16:24.880 --> 01:16:28.200 look like. Oh, Jesus. It is really, this 1868 01:16:28.200 --> 01:16:29.980 is really dangerous. Guys, I don't know if 1869 01:16:29.980 --> 01:16:31.780 I can scroll. I don't know what's going 1870 01:16:31.780 --> 01:16:34.760 to up here. The other thing, too, like 1871 01:16:34.760 --> 01:16:37.100 in the interview she gave to, to, if 1872 01:16:37.100 --> 01:16:38.740 the interview she gave to the cut, she 1873 01:16:38.740 --> 01:16:40.720 talks about wanting to be a hot mom. 1874 01:16:40.720 --> 01:16:43.400 And it's like, hot as you get older 1875 01:16:43.400 --> 01:16:47.380 means different things. It's like, when you're 22, 1876 01:16:47.380 --> 01:16:50.020 23 years old, okay, it's like this girl's 1877 01:16:50.020 --> 01:16:51.840 a rocket at the bar. But none of 1878 01:16:51.840 --> 01:16:54.620 our wives are. 22 or 23, I mean, 1879 01:16:54.620 --> 01:16:55.940 my wife is more beautiful to me now 1880 01:16:55.940 --> 01:16:57.100 than the day I met her. She's the 1881 01:16:57.100 --> 01:16:59.520 mother of my child. She's like my partner 1882 01:16:59.520 --> 01:17:01.080 in crime. Like, you know, like all the 1883 01:17:01.080 --> 01:17:03.140 things we do together and have built together. 1884 01:17:03.140 --> 01:17:04.700 That's what beauty looks like as you get 1885 01:17:04.700 --> 01:17:06.140 older. No, no. You mix two things up 1886 01:17:06.140 --> 01:17:07.800 there. I think it's a very key distinction. 1887 01:17:07.800 --> 01:17:08.900 And no, no, was that, what was the 1888 01:17:08.900 --> 01:17:10.840 name of that girl from like, she did 1889 01:17:10.840 --> 01:17:12.160 the stuff with like Ryan Reynolds back of 1890 01:17:12.160 --> 01:17:14.220 the day? She was an American pie. And 1891 01:17:14.220 --> 01:17:16.460 she just, she just became like just terrible, 1892 01:17:16.460 --> 01:17:19.520 just awful. Tara. Terror read. Yes. Terri read 1893 01:17:19.520 --> 01:17:21.660 is a good example of this. There is. 1894 01:17:21.660 --> 01:17:23.060 And like, ladies. we just need to for 1895 01:17:23.060 --> 01:17:24.160 the 12 of you listening for the love 1896 01:17:24.160 --> 01:17:26.680 of god tell the others there is a 1897 01:17:26.680 --> 01:17:30.120 very very clear distinction and any male will 1898 01:17:30.120 --> 01:17:32.000 be able to articulate at least identify it 1899 01:17:32.000 --> 01:17:34.460 there's a difference between hot and beautiful there 1900 01:17:34.460 --> 01:17:36.220 is a very there is a difference between 1901 01:17:36.220 --> 01:17:39.260 hot and beautiful one is also particular only 1902 01:17:39.260 --> 01:17:42.440 with youth and it's fleeting right but women 1903 01:17:42.440 --> 01:17:45.200 can be absolutely gorgeous into their later years 1904 01:17:45.200 --> 01:17:48.720 without a good take that beauty thing look 1905 01:17:48.720 --> 01:17:50.040 at this side by side i gotta get 1906 01:17:50.040 --> 01:17:52.780 walker here on this but like The her 1907 01:17:52.780 --> 01:17:55.260 on the right is a very attractive woman. 1908 01:17:55.260 --> 01:17:56.480 She looks great. She's got her makeup done 1909 01:17:56.480 --> 01:17:57.680 right. She knows how to work her face. 1910 01:17:57.680 --> 01:17:59.280 It looks wonderful. The person on the left 1911 01:17:59.280 --> 01:18:01.700 also feels like masculinized to me a little 1912 01:18:01.700 --> 01:18:03.640 bit, too. It doesn't feel as feminine, right? 1913 01:18:03.640 --> 01:18:05.480 This feels like it's pulling towards, I dare 1914 01:18:05.480 --> 01:18:08.100 say it, a young male of some kind. 1915 01:18:08.100 --> 01:18:11.160 I hate these things. I don't think any 1916 01:18:11.160 --> 01:18:13.280 straight man likes it. If you're getting advice 1917 01:18:13.280 --> 01:18:15.480 on plastic surgeries, particularly for your face, which 1918 01:18:15.480 --> 01:18:17.340 is so easy to screw up, it's not 1919 01:18:17.340 --> 01:18:20.300 enhancing it. It's coming from other women and 1920 01:18:20.300 --> 01:18:22.180 it's coming from gay dudes. Straight men do 1921 01:18:22.180 --> 01:18:24.420 not like this look at all. There is 1922 01:18:24.420 --> 01:18:26.140 no dude who walked into a bar and 1923 01:18:26.140 --> 01:18:27.520 go, I'm going to take the one on 1924 01:18:27.520 --> 01:18:28.860 the left. Not to mention, it's also a 1925 01:18:28.860 --> 01:18:31.360 clear signal of the high maintenance that you're 1926 01:18:31.360 --> 01:18:32.960 going to be, right? It's a bit of 1927 01:18:32.960 --> 01:18:34.820 a warning flag. If you see a girl 1928 01:18:34.820 --> 01:18:36.400 who's at a ton of work done, you 1929 01:18:36.400 --> 01:18:37.880 know that she's going to be expensive and 1930 01:18:37.880 --> 01:18:39.880 probably bitchy. And I want nothing to do 1931 01:18:39.880 --> 01:18:42.720 with that narcissistic personality. Men are looking for 1932 01:18:42.720 --> 01:18:45.440 beautiful. And also, I could go into so 1933 01:18:45.440 --> 01:18:47.300 many wonderful life lessons about this. If we're 1934 01:18:47.300 --> 01:18:49.520 thinking about the kind of guy that you 1935 01:18:49.520 --> 01:18:51.300 want to attract, you're not looking for. for 1936 01:18:51.300 --> 01:18:52.720 the guy who's with you because you're hot, 1937 01:18:52.720 --> 01:18:54.220 because that's fleeting. You want the guy who 1938 01:18:54.220 --> 01:18:55.880 thinks that you're absolutely beautiful, like all of 1939

01:18:55.880 --> 01:18:57.760 us think that our wives will, because they're 1940 01:18:57.760 --> 01:18:58.980 the one that's actually going to commit, stick 1941 01:18:58.980 --> 01:19:00.280 it out in the long run, and do 1942 01:19:00.280 --> 01:19:01.940 not care about this shit and don't want 1943 01:19:01.940 --> 01:19:03.560 you to fuck up your face in the 1944 01:19:03.560 --> 01:19:06.600 coming years. Show, uh, show Mani Moore. Mani 1945 01:19:06.600 --> 01:19:09.240 more. Oh, my God. Okay. So I went 1946 01:19:09.240 --> 01:19:10.860 down this rabbit hole today, this like hooded 1947 01:19:10.860 --> 01:19:13.460 eye surgery. And there's some unbelievable before and 1948 01:19:13.460 --> 01:19:15.400 afters. I had brought up this one because 1949 01:19:15.400 --> 01:19:19.040 I remember like the, when Renee Zellweiger did 1950 01:19:19.040 --> 01:19:20.860 it and people were like, who even is 1951 01:19:20.860 --> 01:19:23.240 that? But this is worse. This one from 1952 01:19:23.240 --> 01:19:28.880 Mandy Moore, unrecognizable. It's jarring. Who is that? 1953 01:19:28.880 --> 01:19:34.320 Well, that is unreal. Crazy. And I realized, 1954 01:19:34.320 --> 01:19:35.300 like, I don't know when that picture on 1955 01:19:35.300 --> 01:19:36.620 the left is. My guess is she's probably 1956 01:19:36.620 --> 01:19:37.940 10 or 15 years younger in the one 1957 01:19:37.940 --> 01:19:40.220 on the left, but like, it's a different 1958 01:19:40.220 --> 01:19:43.200 person. There's no, like, I'm not a, you 1959 01:19:43.200 --> 01:19:45.760 know, predictive forecaster in terms of, you know, 1960 01:19:45.760 --> 01:19:47.780 looks maxing. But you can't tell me that 1961 01:19:47.780 --> 01:19:51.120 Mandy Moore, okay, with a one in 100, 1962 01:19:51.120 --> 01:19:53.980 thousand face card would not have aged better 1963 01:19:53.980 --> 01:19:56.720 on the left than she looks now on 1964 01:19:56.720 --> 01:19:58.700 I just don't believe it. I don't care. 1965 01:19:58.700 --> 01:20:00.600 Even if you didn't, even if you didn't, 1966 01:20:00.600 --> 01:20:02.380 when you're young and you're at that 10, 1967 01:20:02.380 --> 01:20:04.880 find yourself a 10 male, lock it down, 1968 01:20:04.880 --> 01:20:05.820 be a good wife, and you don't have 1969 01:20:05.820 --> 01:20:08.360 to worry about this shit. You're done, and 1970 01:20:08.360 --> 01:20:11.100 your husband will worship you. You're absolutely done. 1971 01:20:11.100 --> 01:20:13.500 Walker, get in here, man. I'm lucky. My 1972 01:20:13.500 --> 01:20:17.240 wife is both still smoking hot and beautiful. 1973 01:20:17.240 --> 01:20:21.720 So I've, you know, like, she's, maintained both. 1974 01:20:21.720 --> 01:20:24.060 I'm grateful to her for that. But again, 1975 01:20:24.060 --> 01:20:25.080 she got dealt a hell of a face 1976 01:20:25.080 --> 01:20:28.940 card. But, boy, I think that we're kind 1977 01:20:28.940 --> 01:20:30.360 of, we're at a very close point to 1978 01:20:30.360 --> 01:20:34.140 being post this, like, super dramatic plastic surgery 1979 01:20:34.140 --> 01:20:36.360 thing. Like, I get, like, some people, like, 1980 01:20:36.360 --> 01:20:37.460 they think their nose is a little too 1981 01:20:37.460 --> 01:20:39.060 big or whatever. And, like, maybe they get, 1982 01:20:39.060 --> 01:20:40.200 like, a little bit of the bone shaved 1983 01:20:40.200 --> 01:20:42.080 off or something. It's not super noticeable, but 1984 01:20:42.080 --> 01:20:43.320 maybe it makes them feel a bit better. 1985 01:20:43.320 --> 01:20:45.100 Okay, whatever, you know, do you want your 1986 01:20:45.100 --> 01:20:46.760 own own body, right? Like, fuck, people are 1987 01:20:46.760 --> 01:20:48.960 chopping off their dicks and, or putting the 1988 01:20:48.960 --> 01:20:50.900 forearms. four dicks. Like, I don't know, people 1989 01:20:50.900 --> 01:20:52.360 are doing all sorts of crazy stuff these 1990 01:20:52.360 --> 01:20:53.120 days. It's not the worst shit you could 1991 01:20:53.120 --> 01:20:55.640 do. Yeah, but like. It's not Elliot Page 1992 01:20:55.640 --> 01:20:59.200 over here, at least. I'm, I'm so grateful, 1993 01:20:59.200 --> 01:21:01.120 I'm so grateful that my wife has had 1994 01:21:01.120 --> 01:21:06.660 zero work done. And like, and because, one, 1995 01:21:06.660 --> 01:21:08.060 like, she doesn't need it, but I think 1996 01:21:08.060 --> 01:21:10.100 if most women, I think part of it 1997 01:21:10.100 --> 01:21:11.860 is like a, it's like, what kind of 1998 01:21:11.860 --> 01:21:14.360 support system you have around you. And if 1999 01:21:14.360 --> 01:21:15.980 you have people around you who aren't telling 2000 01:21:15.980 --> 01:21:17.240 you, like, hey, you don't need to do 2001 01:21:17.240 --> 01:21:18.720 that. What are you talking about? You, like, 2002 01:21:18.720 --> 01:21:21.280 you look at, like, you look absolutely beautiful. 2003 01:21:21.280 --> 01:21:23.340 If you don't have that around you, and 2004 01:21:23.340 --> 01:21:27.020 I think especially, it's probably difficult being like, 2005 01:21:27.020 --> 01:21:30.080 I don't know, a Hollywood starlit and there's 2006 01:21:30.080 --> 01:21:31.960 just like, there's, you know, probably don't have 2007 01:21:31.960 --> 01:21:34.820 the best support system around you in general. 2008 01:21:34.820 --> 01:21:37.500 But man, like, if, for, if there happened 2009 01:21:37.500 --> 01:21:38.780 to be any ladies here who are thinking 2010 01:21:38.780 --> 01:21:42.280 about getting extensive work done, I would really 2011 01:21:42.280 --> 01:21:45.440 strongly reconsider that because, boy, you can't, you 2012 01:21:45.440 --> 01:21:46.660 can't take that back. And like, all the 2013 01:21:46.660 --> 01:21:48.900 people, I mean, there are women, like, I 2014 01:21:48.900 --> 01:21:49.560 know people like, I know people would like, 2015 01:21:49.560 --> 01:21:51.160 started doing fillers and all that kind of 2016 01:21:51.160 --> 01:21:54.480

stuff, like, very early. You know who didn't 2017 01:21:54.480 --> 01:21:54.900 get work done? You got to do that 2018 01:21:54.900 --> 01:21:59.100 for the rest of your life. Kate? Yeah. 2019 01:21:59.100 --> 01:22:01.160 Didn't get work done. She's 51. Look at 2020 01:22:01.160 --> 01:22:04.320 Cam Diaz, too. Cam Diaz's similar story, right? 2021 01:22:04.320 --> 01:22:07.180 Like, she looks older, but like, that's beauty. 2022 01:22:07.180 --> 01:22:08.320 But like, yeah, I mean, like a great 2023 01:22:08.320 --> 01:22:11.400 way. Yeah, that's all. There's an Orwell quote 2024 01:22:11.400 --> 01:22:13.440 that's by 50, by 50 years old, you 2025 01:22:13.440 --> 01:22:15.700 get the face that you deserve. And the 2026 01:22:15.700 --> 01:22:17.160 irony here is that, like, a lot of 2027 01:22:17.160 --> 01:22:19.560 these people are just like, they're giving themselves. 2028 01:22:19.560 --> 01:22:21.300 the face they deserve like actively it's not 2029 01:22:21.300 --> 01:22:23.200 just them being like terrible people like that 2030 01:22:23.200 --> 01:22:24.620 was orwell's quote right so you know you 2031 01:22:24.620 --> 01:22:26.020 get like the i think we were talking 2032 01:22:26.020 --> 01:22:27.500 about this the other week joey like victoria 2033 01:22:27.500 --> 01:22:31.160 newland you know like that bitch has the 2034 01:22:31.160 --> 01:22:32.600 face she deserves no we got to get 2035 01:22:32.600 --> 01:22:33.940 her under the knife she needs to be 2036 01:22:33.940 --> 01:22:35.800 under the knife vicky yeah other girls they 2037 01:22:35.800 --> 01:22:38.020 do not yeah we're not calling for violence 2038 01:22:38.020 --> 01:22:40.280 to clarify um but yeah i don't know 2039 01:22:40.280 --> 01:22:44.460 like man you be very careful about having 2040 01:22:44.460 --> 01:22:47.660 permanent uh unfixed like you can't you can't 2041 01:22:47.660 --> 01:22:49.360 there's no undo button there's no control z 2042 01:22:49.360 --> 01:22:50.780 there's no control z there there. And you 2043 01:22:50.780 --> 01:22:52.440 start doing it, all these people that start 2044 01:22:52.440 --> 01:22:54.240 doing it, they keep doing it because they're 2045 01:22:54.240 --> 01:22:57.980 chasing this image of themselves that doesn't exist. 2046 01:22:57.980 --> 01:22:58.980 And even when they get to that image 2047 01:22:58.980 --> 01:23:01.400 of themselves, they think that they want, everyone 2048 01:23:01.400 --> 01:23:04.640 else looks and says, oh, fuck, what did 2049 01:23:04.640 --> 01:23:06.480 you do to yourself? Like, you used to 2050 01:23:06.480 --> 01:23:08.180 be really beautiful, like, or, you know, for 2051 01:23:08.180 --> 01:23:10.000 like guys, dude, it's like, I hope, I 2052 01:23:10.000 --> 01:23:12.420 hope clavicular doesn't go too far into this. 2053 01:23:12.420 --> 01:23:13.820 You know what I mean? I know, I 2054 01:23:13.820 --> 01:23:15.700 know. Like, because he's a young man, he's 2055 01:23:15.700 --> 01:23:18.460 a smart guy, a good autistic. I hope, 2056 01:23:18.460 --> 01:23:19.340 I hope he knows where to stop. And 2057 01:23:19.340 --> 01:23:21.880 hopefully, he's autistic enough where he can stop 2058 01:23:21.880 --> 01:23:25.200 just before it becomes too late. So, Clav, 2059 01:23:25.200 --> 01:23:26.080 if you're listening to this, which I know 2060 01:23:26.080 --> 01:23:27.600 you tune in every, you know, everyone on 2061 01:23:27.600 --> 01:23:29.660 the show, Clav, come on the show. That'd 2062 01:23:29.660 --> 01:23:32.920 be fun, man. He's a smart young man. 2063 01:23:32.920 --> 01:23:35.400 I did find Cameron Diaz. Apparently, some work 2064 01:23:35.400 --> 01:23:38.400 done in 2006, but had multiple broken noses, 2065 01:23:38.400 --> 01:23:39.120 so it was more of like a breathing 2066 01:23:39.120 --> 01:23:43.600 repair. 2006. 2006. Also, I didn't know this 2067 01:23:43.600 --> 01:23:44.740 until like a little while ago. We had, 2068 01:23:44.740 --> 01:23:46.180 Joey, we were at a a concert there 2069 01:23:46.180 --> 01:23:48.680 together, but married to, I believe, the frontman 2070 01:23:48.680 --> 01:23:51.920 from Good Charlotte. Charlotte, yeah. Yeah. Me and 2071 01:23:51.920 --> 01:23:54.120 my buddy realize that. This is a pop 2072 01:23:54.120 --> 01:23:56.300 culture show now. We do all the things 2073 01:23:56.300 --> 01:23:59.040 here. It's important, though, like Bitcoin, you're going 2074 01:23:59.040 --> 01:24:01.020 to find yourself in situations that maybe you 2075 01:24:01.020 --> 01:24:03.140 wouldn't have if you had not found Bitcoin, 2076 01:24:03.140 --> 01:24:05.100 where you can say the right thing to 2077 01:24:05.100 --> 01:24:08.740 your right person without fear of reprisal. Like, 2078 01:24:08.740 --> 01:24:10.520 you, you owe it to people who you 2079 01:24:10.520 --> 01:24:12.140 care about to tell them these things, not 2080 01:24:12.140 --> 01:24:14.360 to just go, yeah, maybe just a little 2081 01:24:14.360 --> 01:24:17.240 bit of fucking boogle fat removal or whatever. 2082 01:24:17.240 --> 01:24:19.560 Yeah, it's a time preference thing. Like, time. 2083 01:24:19.560 --> 01:24:22.160 The same plastic surgeons that do the bucle 2084 01:24:22.160 --> 01:24:25.560 fat removal do buckel fat injections. I ain't 2085 01:24:25.560 --> 01:24:27.400 not heard of this. I'm not surprised, though. 2086 01:24:27.400 --> 01:24:29.860 It's a fucking loop, man. Yeah, because you 2087 01:24:29.860 --> 01:24:32.220 take out what makes you look youthful. Yeah. 2088 01:24:32.220 --> 01:24:33.900 And then later, when you're no longer youthful, 2089 01:24:33.900 --> 01:24:36.000 you get the youthful stuff injected back in. 2090 01:24:36.000 --> 01:24:38.040 It's like, this is just a fucking predatory 2091 01:24:38.040 --> 01:24:40.780 plastic surgeons. Would you say that it's Fiat? 2092 01:24:40.780 --> 01:24:42.660 That's maybe a scam? I'd say it's pretty 2093 01:24:42.660 --> 01:24:44.960 fucking Fiat.

Yeah. So Fiat is fucked. Fiat 2094 01:24:44.960 --> 01:24:47.840 is fucked. So. Yeah. Yeah. Gents, just to 2095 01:24:47.840 --> 01:24:50.000 round out here, I did want to mention 2096 01:24:50.000 --> 01:24:55.200 that just dropped a tutorial on, I got 2097 01:24:55.200 --> 01:24:59.940 an Avalon Q. It's one of those space 2098 01:24:59.940 --> 01:25:02.300 heater kind of, and it's pretty bad, I 2099 01:25:02.300 --> 01:25:04.480 think it goes up to like 90 terra 2100 01:25:04.480 --> 01:25:06.500 hash a second or something like that. Like, 2101 01:25:06.500 --> 01:25:08.860 it's, I believe you're right, yeah. Yeah, it's 2102 01:25:08.860 --> 01:25:11.580 about, it's like 15 times as powerful as 2103 01:25:11.580 --> 01:25:14.480 the little like 3S that I did, I 2104 01:25:14.480 --> 01:25:15.800 don't know, a year ago or something. something 2105 01:25:15.800 --> 01:25:19.240 like that. Anyways, kicks off some heat and 2106 01:25:19.240 --> 01:25:21.380 pretty quiet, too. So I've been dicking around 2107 01:25:21.380 --> 01:25:25.160 with it and did a fun tutorial. Side 2108 01:25:25.160 --> 01:25:27.040 note, I won't show the video here, but 2109 01:25:27.040 --> 01:25:30.560 I shared it into the BitCast Bag Chat. 2110 01:25:30.560 --> 01:25:33.740 I'm filming and I'm recording, like, in the 2111 01:25:33.740 --> 01:25:35.800 app and showing how it works and everything. 2112 01:25:35.800 --> 01:25:40.960 And the lovely Mrs. Sessions sends me a 2113 01:25:40.960 --> 01:25:45.680 message that's just laden with expletives, like, on. 2114 01:25:45.680 --> 01:25:47.600 the screen as I'm recording and I just 2115 01:25:47.600 --> 01:25:49.100 left it in for the editor to find 2116 01:25:49.100 --> 01:25:51.420 and he made a nice little edit of 2117 01:25:51.420 --> 01:25:54.540 it. So thanks Mrs. Sessions for always making 2118 01:25:54.540 --> 01:26:00.920 my tutorial recordings eventful. But yeah, we'll round 2119 01:26:00.920 --> 01:26:04.460 out here. Anything, Nathan, you got something you 2120 01:26:04.460 --> 01:26:06.440 want to run there? I am put I 2121 01:26:06.440 --> 01:26:07.820 am, I should, I'm going to stay a 2122 01:26:07.820 --> 01:26:10.280 plate. I should have another podcast dropping tomorrow 2123 01:26:10.280 --> 01:26:12.900 with our dear Walker and another guest coming 2124 01:26:12.900 --> 01:26:14.340 up. Walker, do we have everything ready for 2125 01:26:14.340 --> 01:26:16.420 that one? Are we good to go? Yeah, 2126 01:26:16.420 --> 01:26:17.440 I mean, my wife told me I'm not 2127 01:26:17.440 --> 01:26:19.060 allowed to stay up until 4 a .m. 2128 01:26:19.060 --> 01:26:20.060 tonight, so I guess I've got to have 2129 01:26:20.060 --> 01:26:22.640 it done by 2 a .m. Yeah, I 2130 01:26:22.640 --> 01:26:24.280 know. And they go, I'm in bed, honey. 2131 01:26:24.280 --> 01:26:27.040 Don't worry. But yeah, we're good to go. 2132 01:26:27.040 --> 01:26:28.740 We're good to go. All right. Fantastic. So, 2133 01:26:28.740 -->

01:26:30.220 guys, look out for that one because Walker 2134 01:26:30.220 --> 01:26:32.180 has been doing a shit ton of work 2135 01:26:32.180 --> 01:26:34.080 behind the scenes. And we had a fantastic 2136 01:26:34.080 --> 01:26:36.760 conversation going all of his latest findings. Really 2137 01:26:36.760 --> 01:26:39.380 worth checking out. Oh, damn. All right. Well, 2138 01:26:39.380 --> 01:26:41.340 I'll be watching that, too. Also, not to 2139 01:26:41.340 --> 01:26:43.220 mention the other one that you just dropped 2140 01:26:43.220 --> 01:26:47.000 on the couple that did the broken country 2141 01:26:47.000 --> 01:26:50.040 documentary about Canada. That one, guys, for anyone, 2142 01:26:50.040 --> 01:26:52.240 it's one of those documentaries for someone that's 2143 01:26:52.240 --> 01:26:53.900 still trapped in the system, regardless of you're 2144 01:26:53.900 --> 01:26:55.560 like Canada or U .S., that still thinks 2145 01:26:55.560 --> 01:26:56.720 that we can vote our way out of 2146 01:26:56.720 --> 01:26:59.180 this, that it's not all that bad. This 2147 01:26:59.180 --> 01:27:01.740 one's really good as like a gentle kind 2148 01:27:01.740 --> 01:27:03.460 of orange pilling to the problem and also 2149 01:27:03.460 --> 01:27:05.420 getting them to actually realize what's going on 2150 01:27:05.420 --> 01:27:06.960 here. They did a fantastic job. It was 2151 01:27:06.960 --> 01:27:11.060 with Mike and Miro. Nice. Yeah. All right, 2152 01:27:11.060 --> 01:27:14.000 gents, perfect spot to round out. Everybody, thank 2153 01:27:14.000 --> 01:27:16.420 you for being here. like, give a share. 2154 01:27:16.420 --> 01:27:18.640 I'm Ben. This was Walker, Nathan, and Joey. 2155 01:27:18.640 --> 01:27:23.660 And this was Bitcast. You know the world 2156 01:27:23.660 --> 01:27:27.320 is heading down a dark path. Online censorship, 2157 01:27:27.320 --> 01:27:29.860 central bank digital currencies, a complete loss of 2158 01:27:29.860 --> 01:27:33.060 privacy, and it's only accelerated. Most people are 2159 01:27:33.060 --> 01:27:35.700 falling behind with the latest technology, and those 2160 01:27:35.700 --> 01:27:38.780 that aren't are sacrificing their data, their control, 2161 01:27:38.780 --> 01:27:42.360 and their dignity just to keep up. That 2162 01:27:42.360 --> 01:27:44.700 doesn't have to be you. Here, you'll have 2163 01:27:44.700 --> 01:27:47.200 everything you need to break free. Over the 2164 01:27:47.200 --> 01:27:50.020 past decade, I've helped 20 million people take 2165 01:27:50.020 --> 01:27:52.120 control of their money, their data, and their 2166 01:27:52.120 --> 01:27:55.060 digital lives. Now I'm bringing everything I've learned 2167 01:27:55.060 --> 01:27:57.920 to one place. Sovereign Sessions is your home 2168 01:27:57.920 --> 01:28:01.960 to learn, master, and live freedom tech, Bitcoin, 2169 01:28:01.960 --> 01:28:06.240 AI, private communications, self -hosted tools, everything. Each 2170 01:28:06.240 --> 01:28:08.120 week, I'll walk you through step by step 2171 01:28:08.120 --> 01:28:10.920 with the most critical tools that put you 2172 01:28:10.920 --> 01:28:15.180 back in charge. Don't ask permission, take control. 2173 01:28:15.180 --> 01:28:17.960 to the Sovereign Sessions.