ABOUT THIS EPISODE
Topics for today:
- Missouri Bitcoin Merchant Network
- Greece Adds First MiCA Firms
- Kazakhstan Targets Flared Gas Mining
- ECB Eyes AI Agent Payments
- Belarus Approves Crypto Banks
- OpenAI Agents Hit Government Sites
- Nvidia Builds AI Agent Safeguards
Microdays.cc
Today’s Articles covering bitcoin news, economic news, regulation, mining, and technology:
https://bitcoinmagazine.com/culture/coljac-cafe-bitcoin-missouri
https://cointelegraph.com/news/greece-first-mica-entrants-hcmc-binance-lagarde
https://atlas21.com/kazakhstan-targets-flare-gas-for-digital-asset-mining/
https://cointelegraph.com/news/ecb-private-firms-ai-agents-digital-euro
https://bitcoinmagazine.com/news/belarus-approves-first-crypto-banks
https://decrypt.co/379508/openai-ai-agents-target-us-government-sites
https://decrypt.co/379468/nvidia-kill-switch-ai-agents
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SHOW NOTES 🔗
TRANSCRIPT 🔗
NOTE
Transcription provided by Podhome.fm
Created: 09/29/2026 19:44:49
Duration: 3086.289
Channels: 1
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It is 08:37AM.
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It is the twenty ninth day of September twenty twenty six. This is episode
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14 o one of Bitcoin,
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And it's me, your host, David Bennett, bringing you all the news that you can use about Bitcoin and macro from around the world. First up today,
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Cole Jack Cafe
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Bitcoin hub
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with 40 plus nearby Missouri
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merchants
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now accepting Bitcoin.
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Okay. So that's gonna be sort of like this little cluster
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of Bitcoin accepting merchants that are in the state of Missouri
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or Missouri,
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depending on how you wish to pronounce the name of that particular state.
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Generally speaking,
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where I come from, I'm I'm more on a the southern bent
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of things. So I usually hear pronounced as Missouri, but it's neither here nor there. Greece will be up next.
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They get their first Micah entrance as watchdog denies
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Binance
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Lagard
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claim. And I don't know what the Binance Lagarde claim is, and we're going to learn about it together.
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Kazakhstan
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and flared gas for Bitcoin mining.
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And then the ECB
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puts AI agent payments
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on the well on the drawing board.
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So we'll see what they're doing over there. Then we're going to run over to Belarus approving the country's first crypto banks
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and then open AI
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halts model training
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for reasons.
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Then Nvidia
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built a kill switch
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for AI agents because
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reasons.
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And that'll end
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the show for the day.
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So let's get into the,
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first story here.
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Now accepting Bitcoin,
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Cole Jacques cafe
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Bitcoin hub with 40 plus nearby Missouri residents,
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Bitcoin magazine written by Vagabond.
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When I heard
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of the Cole Jacques cafe
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Bitcoin acceptance, I expected to write a quaint little piece about a small town shop
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trying something quirky.
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I was completely wrong.
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What I found in Farmington,
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Missouri wasn't just a place to grab a morning espresso. It was the undisputed
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heart
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of an entire
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regional monetary
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movement.
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When local Bitcoiners started dropping in, grabbing tables and hosting informal meetups at the Farmington shop, ownership was willing to listen. The shop's owner and the local Bitcoiners worked together and integrated coinos.io,
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giving her register native Bitcoin and Lightning functionality.
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Their register has since been updated to Square, who officially
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1,000,000 vendors accepting Bitcoin.
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That willingness to embrace her customers has paid off in a measurable revenue.
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The baseline
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on the annual income last year,
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Bitcoin transactions
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account for roughly 5%
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of her total business
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meetup takeovers
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on weekends when the local Bitcoin or group hosts an event at the Farmington location, Bitcoin payments skyrocket to an astonishing
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50%
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of her entire morning sales volume.
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0%
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fees on transactions
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beats the pants off of any credit card.
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Today,
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a Bitcoin accepted here sign sits right on the counter.
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Sure. 95%
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of her day to day customers
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still hand over credit cards or cash, but that sign has become a beacon.
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As Jessica has grown more aware of the monetary shift, she's become genuinely happy to educate curious locals who stopped to ask about it over morning drip.
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Here is where the story gets a little wild.
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The Cole Jack Cafe Bitcoin story didn't just stay an isolated island accepting the Satoshi's.
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It became the focal gathering point that catalyzed an entire local circular economy in and south of St. Louis, Missouri,
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Because coal shocks created
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a safe landing pad for Bitcoiners, the surrounding community started to take notice.
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Now the momentum is spreading across the region
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like one
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grassroots food and farmers. The
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standout here is the milkman farms alliance
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running weekly delivery routes for raw milk, eggs and meat
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directly to St. Louis doorstops
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Paired with local produce producers like Hale Family Farm and Ozark Prime Beef, you can fill your fridge on a hard money standard while farmers hedge against inflation.
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Then there's leisure and travel lodging
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for recreation and overnight stays.
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Cherrywood Golf Course
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in Frederickstown lets you pay for 18 holes, drinks, and on-site lodging in sats.
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Further along the trail, the station at Sawyers Landing
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provides another crucial pit stop with overnight rooms for traveling Bitcoiners.
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Then there's Main Street services
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with the ecosystem covers practical display or practical everyday needs as well. You can get a haircut at a therapeutic
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schedule, pregnancy imaging at sneak and peak ultrasounds
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or bring heavy diesel machinery in for work at Bob's
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Tractor and Equipment Repair.
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If you live in Farmington, St. Louis or anywhere in Missouri,
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the option to live fully on Bitcoin is becoming a reality.
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I've listed all the businesses that I know of and happy to add more. As always, email Vagabond@b.tc.
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That's Vagabond@b.tc
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with your story
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and we'll get it covered. Alright. So here's the, this is like the, what are this another yet another installment
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in Vagabond's
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mission to uncover
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local Bitcoiners
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with businesses accepting
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Bitcoin for their goods and services.
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The thing that I thought was the most interesting was the ultrasound
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to go get an ultrasound and pay in Bitcoin. And it makes me wonder
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is the ultras because generally speaking,
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if you're going to go get an ultrasound for whatever, you know, ultrasounds aren't just for being pregnant. You can get ultrasound for your heart. Do you know, maybe there's some cardio stuff going on. You get ultrasound for all kinds of reasons.
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So it's generally speaking a general medical service, which makes me wonder if they take medical insurance and if they do,
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how does the Bitcoin payment fit in with that?
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And I like that's where we start getting into this.
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These I would say, I guess edge effect is probably a decent way to say it because
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you got two real
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different edges rubbing up against each other. You got the mainstream
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insurance,
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you know, medical insurance, health coverage and stuff like that rubbing up against Bitcoin.
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And I get the feeling that it's probably not as, as, as stressful
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for the people running the, you know, medical general services,
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whatever, as maybe that I think because money is money, whether you, you know, I mean it's, it's not like
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the insurance company is looking to see if you took your payment in money
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or in well in, in Fiat cash like United States dollars. So it may not be all that stressful for, for the businesses to, to be doing this, but it still begs the question, what does it look like?
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I'd like to, I'd like to see, you know, what this actually looks like
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if they're accepting medical insurance and if they're accepting medical insurance
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and people are paying in Bitcoin, what exactly does that look like? Because I think that's a little could be a little fascinating.
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Now onto the second story where Greece
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gets first Mica entrance as watchdog
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denies Binance
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Lagarde claim. And this is Helen parts for Cointelegraph.
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Greece has entered the European Union's crypto regulatory
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register for the first time with four providers added.
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Four Greek providers. Oh, God. Bcash,
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Xenios Blockchain Group,
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Capital Wallet Greece and Piraeus Bank
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appeared on the European
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securities and market authorities markets and crypto assets or MICA register
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updated on Thursday.
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Six other crypto asset providers,
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from Germany, France, and Slovenia were added bringing the register
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now to three fifty
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nine unique providers.
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The distinction of becoming Greece's first Micah authorized provider could instead have gone to Binance, the world's largest crypto exchange by trading volume.
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A Greek authorization
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would have allowed Binance to offer services through the EU under Micah's passporting system,
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but the exchange withdrew its application on June 24
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before the Hellenic capital market commission issued a formal decision.
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Nearly three months later,
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the wall street journal reported
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that European central bank president Christine Lagarde
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had intervened
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to block the application.
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The journal said HCMC,
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that's that Hellenic Capital Market Commission
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denied
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that its officials made the comments attributed to them, but did not elaborate elaborate.
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The regulator has now expanded on that denial in comments to Coin Telegraph.
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Greece's first Micah entries show how the country divides crypto oversight between the HCMC and its central bank. The eight CMC is listed as the component or sorry, the competent authority for B cash
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Xenius blockchain group and capital wallet Greece with the bank of Greece as still being listed as the competent authority for Priaius bank, a major Greek lender.
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The split reflects Greece's implementation of Micah,
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which allows member states
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to designate more than one competent
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authority
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and divide regulatory responsibilities
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between them.
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The Wall Street Journal reported on September 18
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that ECB president Lagarde had intervened in finances Greek mica application
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after Greek officials indicated that
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H C M C intended to approve it.
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Ah,
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the report said an H C M C vice chair told finance that Lagarde had asked Greek prime minister Kyrakos,
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Mr. General, I can't pronounce it not to approve the application.
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HCMC
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said in a written response to Coin Telegraph that no official
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made the reported remarks and that it received no communication
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about finances application
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from MIT. So Takis, I guess that's this guy's name, his office, the finance ministry or other Greek government officials
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quote, HCMC
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categorically
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rejects
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the assertions attributed to it. The regulator said
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no H CMC official has had any communication with any ECB official on this matter, and none of the reported statements were made by HCMC
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or its officials in quote,
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asked specifically
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whether it's denial covered the report that a vice chair made those remarks to Binance.
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HCMC
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said it did.
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Binance previously declined to address the reported intervention
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telling coin telegraph it would not comment on speculation
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while reaffirming its commitment to securing Mike authorization
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in Europe. The ECB has also declined to comment on the report
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Coin telegraph contacted
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Mittsataki's
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office for comment, but of course didn't receive a response.
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So there's a rumor that Christine Lagarde
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definitely intervened
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in Binance's approval for Mike authorization in Greece,
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but nobody, everybody else is saying, no, that didn't happen.
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I'm kind of calling bullshit,
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you know, especially if the Hellenic council was really about to approve this whole thing.
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And then all of a sudden it got basically
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got shoved because they're, they're saying that they were about to approve it. And then all of a sudden they didn't,
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but no, it had nothing to do with Lagarde calling them up saying, Hey, you need to not do this. They're all denying that,
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but yet they aren't denying that they were going to approve it. But then all of a sudden they didn't.
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Yeah.
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Calling bullshit on that. And where there's smoke, there's fire. And there's fire in Kazakhstan
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because they're targeting flared gas for mining
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according to atlas21.com.
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The government
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of Kazakhstan is
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working on a mechanism to use flared gas from oil fields for mining.
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The project follows a decree signed by President
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Kassim
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Zomart
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Takayev
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calling for legislation
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on opportunities related to gas in the sector.
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The plan follows limits on electricity
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capacity for mining.
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The government had introduced an auction system to control energy use and protect a grid described as well outdated,
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pushing much of the sector out of the country.
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Denier
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Mubakarov
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of the Blockchain and Digital Mining Association told Euronews that miners would be ready to buy and install equipment
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to convert the gas into electricity.
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According to his estimate, gas produced in the country could generate between one point two and one point three
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terawatt hours of energy.
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The Ministry of Energy estimates that up to 60 oil fields produce flared gas.
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But our bizarre design of
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WES
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LLP said the solution would allow miners to lock in energy prices for years.
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Gazat, and there's no way I can pronounce his last name, deputy minister of AI
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and digital development said a legal framework is being developed to define rules
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for businesses.
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So there you go. Kazakhstan
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throwing their hat in the ring, going to use flared gas for the production of electricity.
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And I can guarantee you there's going to be a fight for that electricity between Bitcoin miners and data general data centers that are focused on AI
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because that shit's not going away for a while. The AI stuff is just not going to go away for a while and we've just kind of got to live with it. So it is it is what it is.
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But
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at least people are starting to figure out that this flared gas business
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is
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can really produce a lot of electricity
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if we start
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if
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we can stop looking at everything having to be centralized,
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like you have to have nothing but very long
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natural gas pipelines going to some energy production center,
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If we can start building smaller
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versions of the ability to take natural gas that would normally be flared
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and turn it into electricity,
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but in a more decentralized
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framework,
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well, all of a sudden we got a lot of problems solved. But again, this is an issue with grid technology
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and the centralization of electricity
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because a lot of this stuff is stranded energy. It's out in the middle of the boonies. Nobody wants to go out there. So that said,
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that's a centralization
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bottleneck as well. And that's, that's one of the things that people don't really realize about centralization
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is the bottlenecking that can occur.
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For instance,
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there's a bottleneck in natural gas production or rather delivery
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to places that can utilize the natural gas because it's so far out and it's so spread out that to build the infrastructure
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to
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essentially kowtow to centralization,
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it just isn't there. It's a lot of money, man.
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Same thing with the grid.
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Sure. We can put little generators out on every wellhead.
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And in a lot of ways,
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there's actually electricity that runs out to all those wellheads because generally speaking,
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you know, the the gas production facilities or rather gas and oil production facilities on a completed well pad is electric. You know, those little pump jacks that you see,
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those do not operate off of gas and they don't operate. They have no internal combustion engine. Those are electric,
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which means that there is
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some amount of electricity that's coming out to that field,
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but it ain't exactly the kind of
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it's not the part of the grid
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that would be able to take and absorb a large amount of electricity
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going back to deliver it to
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the centralized portion of that. So we're kind of bottlenecked coming and going on natural gas. So it's good
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that these people are still going well.
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We can always put Bitcoin miners or data centers out there
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because at that point,
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you know, satellite internet communications is a hell of a lot better than it used to be.
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And that is going to help a lot. Just makes me wish that Tesla
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had been, you know, not screwed over by so many people and was basically left to be able to build
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a lot of the stuff they wanted to build because one of those things would have really
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made our electricity grids
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in nations around the world look a lot different
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and operate a lot better.
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But Hey, circle P is open for business. Circle P is where I bring plebs with goods and services that are just like you to plebs, just like you who want to buy those goods and services,
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but you will be buying it a Bitcoin because if you're not selling it a Bitcoin, you're not in the circle P
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and today
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micro days is in the circle P and you're like micro days. What the hell's micro days? Well, I've talked about them once before.
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I am a customer of micro days.
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And what is it? Well, micro dosing psilocybin.
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Yep. I've been, I've been doing that because I've been hearing a lot about it.
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You know, I've been hearing a lot about it for actually the last five years.
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One of the first places that I heard about it was the engineers at Apple.
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00:19:15.325 --> 00:19:19.725
Yeah. The guys that make Macs and iPhones and Apple watches and all that shit.
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00:19:19.965 --> 00:19:26.789
And a lot of people were saying that the reason that some of their products spoke so soundly to people
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and were so easy to use and they're, you know, cause that's one of the hallmarks of apple,
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even though it's a, you know, if some people out there are really pissed off that they're a trillion dollar company, whatever dude,
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their user interfaces
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00:19:41.105 --> 00:19:43.024
were so well designed
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for people being able to use their products that in many cases you didn't even need to use the instructions. It was intuitive.
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00:19:51.040 --> 00:20:02.400
Now, how was it that you would be able to produce such a thing that you didn't really it was so easy to use? You just handed it to a baby and all of a sudden they're able to use it.
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A lot of people attributed that to micro dosing
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00:20:06.175 --> 00:20:07.455
by the engineers
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and the user
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00:20:09.375 --> 00:20:13.375
interface designers and a lot of the other designers in the company.
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They were microdosing psilocybin
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And
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it
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in many cases, what was been said about that is that it increases your creativity.
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It increases your focus.
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00:20:25.190 --> 00:20:29.590
You're not on a trip. You don't feel it. It operates in the background.
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00:20:30.025 --> 00:20:36.664
And it took me a long time to find the company that I wanted to actually buy my product from.
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00:20:37.545 --> 00:20:42.825
Basically last month or the month before I found a company in Canada called micro days
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micro days.
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Cc
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is the website.
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And you can look at it this way.
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Micro days is plant medicine
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00:20:52.429 --> 00:20:55.390
without all the psychedelic bro nonsense,
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00:20:56.185 --> 00:21:01.225
right? It's a company out of British Columbia making carefully dosed psilocybin
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microdose capsules
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00:21:03.225 --> 00:21:05.625
and handmade chocolates
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00:21:06.025 --> 00:21:12.379
designed to fit into your day, not take it over. I've personally used their focus days capsules
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00:21:12.380 --> 00:21:17.499
and what impressed me first was how thoughtful the whole product feels
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00:21:17.820 --> 00:21:20.700
from the dosing to the ingredients
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00:21:20.779 --> 00:21:21.980
to the presentation.
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00:21:22.745 --> 00:21:24.825
If you're curious about microdosing,
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check out microdays.cc
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that's microdays.cc
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00:21:30.585 --> 00:21:31.785
for adults
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00:21:32.025 --> 00:21:32.665
only.
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And of course you need to know your local laws.
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So one of the things that impressed me the most about micro days was the very hefty
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guide.
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You can get that guide at microdays.cc.
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In fact, let me see if I can bring this up for you. Yeah, it's microdays.cc
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forward slash microdosing
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hyphen guidebook.
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Dude, this thing is like 92
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pages long.
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It's an entire book. It's digital.
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It is a PDF,
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but it's beautiful.
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00:22:06.090 --> 00:22:15.850
It's well written. It's really thoughtful in what it covers and it covers more than just, Hey, this is what it does to you. And here's how much you should take.
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00:22:16.555 --> 00:22:20.475
It goes a lot deeper than that. And if you really want to find
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00:22:21.355 --> 00:22:24.315
sort of find out more about what microdosing
353
00:22:24.315 --> 00:22:24.955
is
354
00:22:25.355 --> 00:22:26.955
and just as important
355
00:22:27.115 --> 00:22:28.715
what it is not,
356
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then go to microdays.cc
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look for the guidebook under resource. I think it's either under education or resources,
358
00:22:36.410 --> 00:22:40.809
but just hang around. They've even got a quiz is microdosing right for you.
359
00:22:41.210 --> 00:22:48.355
And the website is beautiful. I've talked to the founder. I'm going to have her on the Bitcoin and podcast soon, I hope.
360
00:22:48.675 --> 00:22:55.395
And we'll get to talk more about what microdosing is and is not and how it may be able to help certain people with anxiety,
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focus,
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00:22:58.450 --> 00:22:59.570
creativity,
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00:23:00.130 --> 00:23:03.889
being able to, to, I don't know, feel better in your own skin.
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Because remember
365
00:23:05.970 --> 00:23:18.765
the reason that we have the cortex of our brain where higher functions and higher thoughts and higher ideas come into play are being are like met like concepts like philosophy
366
00:23:18.765 --> 00:23:25.899
and mathematics and all that kind of stuff is most likely because of the stoned ape theory of evolution
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00:23:25.899 --> 00:23:26.940
of humans
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where, you know, we're a long time ago we were walking around the savannas
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00:23:31.659 --> 00:23:39.524
and we're kind of eating mushrooms every once in a while. And the theory is, is that that helped us along with cooking our food,
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grow the cortex around
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what was normally functional
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brain for most mammals at the time and allowed us to do things like come up with plays and fiction and math and physics and chemistry and biochemistry and all the cool stuff that we got. So go to microdays.cc
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that's microdays.cc
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if
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you choose to buy one of their products and I highly recommend that you do. I love their product.
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Make sure you use code Bitcoin and that way that will let the founder and the guys over at microdays.cc
377
00:24:13.705 --> 00:24:18.025
know that I made a sale for them here on the Bitcoin and podcast.
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All right. On to the next one.
379
00:24:21.020 --> 00:24:21.820
ECB
380
00:24:21.820 --> 00:24:25.980
puts AI agent payments on the digital Euro
381
00:24:25.980 --> 00:24:26.860
drawing board.
382
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This is Johan Yoon writing for Cointelegraph.
383
00:24:32.164 --> 00:24:33.365
The European
384
00:24:33.365 --> 00:24:36.325
central bank is seeking FinTechs
385
00:24:36.325 --> 00:24:41.044
payment firms and other organizations to explore the use of AI
386
00:24:41.205 --> 00:24:41.845
agents
387
00:24:42.405 --> 00:24:44.005
in digital Euro payments.
388
00:24:44.610 --> 00:24:45.809
The ECB
389
00:24:45.809 --> 00:24:54.450
opened applications on Monday for a new round of its digital Euro innovation platform, dividing the program between hands on testing of payment features
390
00:24:54.610 --> 00:24:57.490
and workshops on future digital Euro uses.
391
00:24:57.965 --> 00:24:59.165
The experimentation
392
00:24:59.165 --> 00:25:03.164
track will run from January through June 2027
393
00:25:03.405 --> 00:25:05.165
with selected participants,
394
00:25:05.165 --> 00:25:07.485
developing prototypes for e receipts,
395
00:25:07.725 --> 00:25:09.404
multi party transactions,
396
00:25:09.565 --> 00:25:12.285
conditional payments, and new front end features
397
00:25:12.590 --> 00:25:13.390
workshops
398
00:25:13.390 --> 00:25:17.630
in the first half of twenty twenty seven will cover AI enabled payments,
399
00:25:17.870 --> 00:25:20.750
micro payments, machine to machine interactions,
400
00:25:21.070 --> 00:25:23.950
and uses of the digital Euro in public service.
401
00:25:24.510 --> 00:25:27.070
A subset of participants will present
402
00:25:27.965 --> 00:25:29.325
at the ECB's
403
00:25:29.325 --> 00:25:33.005
Frankfurt headquarters. And the ECB said that the findings
404
00:25:33.405 --> 00:25:35.565
might inform future enhancements
405
00:25:35.565 --> 00:25:38.205
and use cases for the digital euro.
406
00:25:38.365 --> 00:25:48.059
The digital euro is a proposed central bank digital currency for retail payments across the Euro area and would operate as digital cash alongside banknotes and coins.
407
00:25:48.700 --> 00:25:53.340
And that's about, that's about it. So now they, the ECB
408
00:25:53.340 --> 00:25:55.195
wants to start examining
409
00:25:55.195 --> 00:25:56.475
AI agentic
410
00:25:56.475 --> 00:25:57.514
payments
411
00:25:58.154 --> 00:26:02.954
using what I don't think is going to be a very well received currency.
412
00:26:03.835 --> 00:26:10.154
In fact, I, I for there's something about that, even though the European union is a very large economic zone,
413
00:26:11.250 --> 00:26:19.570
I there's something going on over there in the European union that doesn't smell right. And I don't think that the European
414
00:26:19.970 --> 00:26:30.225
version of a digital, you know, of a digital Euro is going to be as well received as I think they think it's going to be that. And they are taking entirely
415
00:26:30.225 --> 00:26:31.745
too freaking long
416
00:26:31.985 --> 00:26:35.905
to get on with that business. So good luck
417
00:26:36.200 --> 00:26:36.919
with
418
00:26:37.559 --> 00:26:40.039
digital Euro AI payments.
419
00:26:40.120 --> 00:26:41.720
Otherwise let's run the numbers.
420
00:26:50.825 --> 00:26:53.065
CNBC futures and commodities.
421
00:26:53.065 --> 00:26:56.425
Brent North Sea is down just over a point to $104.13
422
00:26:56.425 --> 00:27:00.265
a barrel. West Texas Intermediate is down 2.1
423
00:27:00.265 --> 00:27:02.425
to $90.75.
424
00:27:03.070 --> 00:27:07.230
Natural gas is down almost one and a half points to $3.06
425
00:27:07.230 --> 00:27:13.230
per thousand and gasoline is down two tenths of a point to $3.33
426
00:27:13.230 --> 00:27:17.705
a gallon. Oh, it's a magic number. Merbon crude is up 2.6%
427
00:27:17.705 --> 00:27:20.665
to $119.99.
428
00:27:21.225 --> 00:27:27.465
Metals are basically down today except for gold, which is up almost a half point to $41.87
429
00:27:27.545 --> 00:27:30.505
and 5 dimes. Palladium is down 0.6
430
00:27:30.769 --> 00:27:33.970
platinum getting hammered 2.37%
431
00:27:33.970 --> 00:27:35.009
to the downside.
432
00:27:35.409 --> 00:27:39.009
Silver is down almost a full point to $61.16
433
00:27:39.009 --> 00:27:39.809
Palindrome
434
00:27:39.809 --> 00:27:40.529
price.
435
00:27:40.850 --> 00:27:42.929
Copper is down a third of a point
436
00:27:43.425 --> 00:27:50.225
ag. Well, what's ag doing? Well, it's mostly in the red today. Biggest winner is sugar 3.35
437
00:27:50.225 --> 00:27:51.265
to the upside.
438
00:27:51.505 --> 00:27:54.625
Biggest loser is cotton 4.83%
439
00:27:54.625 --> 00:27:55.425
to the downside
440
00:27:56.440 --> 00:27:57.400
livestock,
441
00:27:57.640 --> 00:28:02.920
live cattle up three quarters of a point lean hogs up 1.7%
442
00:28:02.920 --> 00:28:06.040
feeder cattle up 0.68%
443
00:28:06.040 --> 00:28:06.919
as well.
444
00:28:07.560 --> 00:28:08.600
And then the indices,
445
00:28:09.145 --> 00:28:15.705
the S and P is down a third NASDAQ crawling sideways, but in the green, the Dow is down two thirds
446
00:28:15.865 --> 00:28:26.309
as is the S and P mini. And that's because the jobs report, the Jolt jobs report came in and the figure came in for job openings being lower
447
00:28:26.470 --> 00:28:27.590
than expected.
448
00:28:27.990 --> 00:28:32.470
And what was expected was even lower than what was happening last month.
449
00:28:32.710 --> 00:28:36.015
And that means that we're probably well, well
450
00:28:36.015 --> 00:28:40.575
that means that most people are now betting even more
451
00:28:40.975 --> 00:28:42.335
on the odds
452
00:28:42.575 --> 00:28:46.415
that the federal reserve raises the rates again
453
00:28:46.815 --> 00:28:51.809
in the October meeting. Right? So we just did a 0.25%
454
00:28:52.049 --> 00:28:54.289
interest rate hike on bonds
455
00:28:54.450 --> 00:28:55.249
were
456
00:28:55.330 --> 00:28:57.649
looks like, or at least people are now
457
00:28:57.970 --> 00:28:58.690
looking
458
00:28:59.090 --> 00:29:03.255
like it's going to be yet another 0.25
459
00:29:03.255 --> 00:29:04.135
hike
460
00:29:04.135 --> 00:29:05.655
in October
461
00:29:05.655 --> 00:29:07.255
because the jobs
462
00:29:07.415 --> 00:29:13.895
there were just not putting the jobs in there. Even though we all know that these numbers are all bullshit,
463
00:29:14.455 --> 00:29:15.735
it's all bullshit
464
00:29:16.340 --> 00:29:17.059
Yet
465
00:29:17.140 --> 00:29:24.100
we live in clown world. So these are the clown signals and that's how we're going to be treating them.
466
00:29:24.660 --> 00:29:28.020
Bitcoin is down again today, dollars 83,010
467
00:29:28.020 --> 00:29:28.740
per coin.
468
00:29:29.375 --> 00:29:32.975
It's about a $101,670,000,000,000
469
00:29:32.975 --> 00:29:35.855
of market cap. And we can get 19.9
470
00:29:35.855 --> 00:29:44.919
ounces of shiny metal rocks with our one Bitcoin of which there are 20,090,954.25
471
00:29:44.920 --> 00:29:45.480
of
472
00:29:45.880 --> 00:29:47.559
fees look normal.
473
00:29:47.880 --> 00:29:56.280
High priority rates get you in at one sap per V byte low priorities will get you in a 0.3 is about 48 blocks carrying 78,000
474
00:29:56.280 --> 00:29:58.120
unconfirmed
475
00:29:57.405 --> 00:29:59.325
transactions waiting to clear
476
00:30:00.605 --> 00:30:02.605
hash rate has risen since yesterday.
477
00:30:03.005 --> 00:30:06.684
Now we are at nine fifty nine exahashes per second.
478
00:30:07.405 --> 00:30:10.445
Looks pretty good to me as far as Bitcoin blockchain
479
00:30:10.525 --> 00:30:13.325
security is concerned from quantum creep
480
00:30:13.700 --> 00:30:14.500
yesterday's
481
00:30:14.500 --> 00:30:17.059
episode of Bitcoin. And I got Eve front
482
00:30:17.140 --> 00:30:20.019
with 11,874
483
00:30:20.500 --> 00:30:21.380
sats.
484
00:30:21.940 --> 00:30:34.495
And all she says is thank you, sir. Well, I appreciate that. That's a hell of a boost. And Nostrad Gang with her customary one zero one Satoshi boost says, thank you, sir. No. Thank you. And that's the weather report.
485
00:30:43.220 --> 00:30:46.260
Welcome to part two of the news that you can use where Belarus
486
00:30:46.260 --> 00:30:50.659
approves the country's first crypto banks according to a report.
487
00:30:51.140 --> 00:30:54.099
Matthew DeSalvo out of Bitcoin Magazine.
488
00:30:54.100 --> 00:30:58.804
What the hell is going on in Belarus? The first crypto banks have opened
489
00:30:59.205 --> 00:31:01.845
in Belarus according to reports anyway,
490
00:31:01.925 --> 00:31:06.485
after the European country earlier this year created a legal framework
491
00:31:06.805 --> 00:31:08.165
for Bitcoin banks.
492
00:31:09.070 --> 00:31:14.190
While not yet named the crypto banks will start operations after obtaining
493
00:31:14.190 --> 00:31:15.070
accreditation
494
00:31:15.070 --> 00:31:17.230
from the national bank of Belarus,
495
00:31:17.470 --> 00:31:20.190
Russian news agency Interfax reported.
496
00:31:20.590 --> 00:31:22.030
Right? So back in January,
497
00:31:23.054 --> 00:31:23.934
Belarusian
498
00:31:23.934 --> 00:31:26.095
president Alexander Luzchenko
499
00:31:26.095 --> 00:31:28.494
signed decree number 19
500
00:31:28.975 --> 00:31:39.289
on cyber banks and certain issues of control in the field of digital tokens officially creating a legal framework for Bitcoin and crypto banks in the country.
501
00:31:40.490 --> 00:31:43.690
Quote, the practical outcome of today's discussion
502
00:31:44.090 --> 00:31:46.330
is the launch and registration
503
00:31:46.330 --> 00:31:55.024
of the first crypto banks in the country's history. Interfax reported the press service of high-tech park saying in a statement,
504
00:31:55.345 --> 00:31:59.024
high-tech park is a tax and legal regime in Belarus.
505
00:31:59.265 --> 00:32:01.985
Digital asset transactions are permitted in the zone.
506
00:32:02.779 --> 00:32:08.619
The statement added that banks would be regulated by High-tech Park and the national bank.
507
00:32:08.940 --> 00:32:09.739
Dimitri,
508
00:32:09.740 --> 00:32:11.580
excuse me, Dimitri,
509
00:32:11.659 --> 00:32:12.539
Calichicz,
510
00:32:12.779 --> 00:32:15.100
first deputy director of the High-tech Park
511
00:32:15.544 --> 00:32:16.424
supervisory
512
00:32:16.424 --> 00:32:17.785
board secretariat
513
00:32:17.785 --> 00:32:22.825
was quoted saying that the move would quote improve the flow of the financial ecosystem
514
00:32:22.825 --> 00:32:24.744
and drive foreign investment
515
00:32:24.985 --> 00:32:26.585
into Belarus.
516
00:32:27.145 --> 00:32:28.585
President Luchenko
517
00:32:28.585 --> 00:32:32.429
last September backed the national bank's initiative to establish
518
00:32:32.430 --> 00:32:34.029
crypto banks in the country.
519
00:32:34.270 --> 00:32:37.710
The country has long pushed pro crypto regulations.
520
00:32:38.430 --> 00:32:40.350
Back in 2017,
521
00:32:41.150 --> 00:32:45.375
a decree legalized crypto mining and trading and temporarily
522
00:32:45.375 --> 00:32:48.014
exempted individuals crypto income
523
00:32:48.095 --> 00:32:52.014
from tax as well as even having to declare it.
524
00:32:52.735 --> 00:32:53.774
That exemption
525
00:32:53.855 --> 00:32:57.455
was extended in 2025 and has since been narrowed
526
00:32:57.630 --> 00:33:01.470
with income from foreign platforms now taxed at 13%.
527
00:33:01.870 --> 00:33:07.230
Luchenko has repeatedly promoted Bitcoin mining as a use for surplus electricity.
528
00:33:07.470 --> 00:33:08.670
And in 2025
529
00:33:08.670 --> 00:33:10.750
the Mogulov region
530
00:33:10.750 --> 00:33:13.310
began preparing sites for mining farms
531
00:33:13.605 --> 00:33:14.965
with his backing.
532
00:33:15.684 --> 00:33:17.124
All right. So there we go.
533
00:33:17.684 --> 00:33:18.884
Belarus is
534
00:33:19.525 --> 00:33:21.445
well up to bat.
535
00:33:22.165 --> 00:33:23.764
Then there's open AI
536
00:33:24.005 --> 00:33:25.524
who has halted
537
00:33:25.525 --> 00:33:26.725
model training
538
00:33:27.260 --> 00:33:31.660
as rogue agents target United States government sites
539
00:33:33.500 --> 00:33:39.740
all on their own. They're like, oh, shit. We got to attack the enemy. Anyway, this is out of decrypt.co.
540
00:33:39.740 --> 00:33:44.755
OpenAI has paused the training on its newest AI models after its agents
541
00:33:44.915 --> 00:33:49.955
used access keys found online to pull data from a us census bureau website
542
00:33:50.035 --> 00:33:51.955
per the associated press.
543
00:33:52.595 --> 00:33:56.115
It is the second time that the company has stopped training
544
00:33:56.590 --> 00:33:59.470
since its agents breached hugging face
545
00:33:59.710 --> 00:34:02.670
a site where developers share AI models.
546
00:34:02.830 --> 00:34:06.670
An agent is an AI program that browses the web
547
00:34:07.070 --> 00:34:12.270
and writes code on its own without a person approving each step
548
00:34:12.645 --> 00:34:20.085
OpenAI test them during training the stage where a model learns by repeated practice and during evaluation
549
00:34:20.245 --> 00:34:22.645
where it gets graded on tasks.
550
00:34:23.205 --> 00:34:29.950
These digital guys have caused OpenAI a lot of problems trying to achieve tasks no matter what it takes.
551
00:34:30.430 --> 00:34:32.750
They have already hacked private companies.
552
00:34:33.070 --> 00:34:34.670
Now they're hacking governments
553
00:34:34.830 --> 00:34:36.830
and breaching sensitive portals,
554
00:34:36.910 --> 00:34:39.310
even from the United States government.
555
00:34:39.950 --> 00:34:43.470
Open AI's agents hunting for data found developer keys,
556
00:34:43.914 --> 00:34:44.714
passcodes
557
00:34:44.714 --> 00:34:47.275
that lit software talk to websites,
558
00:34:47.275 --> 00:34:48.234
data service
559
00:34:48.394 --> 00:34:50.555
sitting in public code repositories
560
00:34:50.555 --> 00:34:51.675
on GitHub,
561
00:34:51.835 --> 00:34:54.954
a site where programmers post their code for anyone to see.
562
00:34:55.595 --> 00:35:00.130
They have used those keys to pool or pull demographic
563
00:35:00.130 --> 00:35:00.850
and
564
00:35:00.930 --> 00:35:04.450
economic figures from The Us census data API.
565
00:35:04.770 --> 00:35:06.930
The Bureau's automated data feed.
566
00:35:07.250 --> 00:35:16.455
The commerce department says that the data was public. Nothing secret actually walked out the door, but the trouble is how the agents got in
567
00:35:17.015 --> 00:35:19.655
open AI's own reporting framework
568
00:35:19.815 --> 00:35:25.255
list using exposed credentials without permission as a category of misbehavior
569
00:35:25.255 --> 00:35:26.295
and misalignment
570
00:35:26.510 --> 00:35:29.390
in the industry word for a
571
00:35:29.550 --> 00:35:32.990
an AI doing something its designers didn't attend.
572
00:35:33.309 --> 00:35:34.350
Misalignment,
573
00:35:34.589 --> 00:35:37.630
the industry word for an AI doing something
574
00:35:37.790 --> 00:35:39.710
its designers didn't intend.
575
00:35:39.790 --> 00:35:40.750
That's so great.
576
00:35:41.415 --> 00:35:42.935
I misaligned.
577
00:35:43.655 --> 00:35:50.455
OpenAI's answer per CNN is that some of the incidents involved government sites because its models
578
00:35:50.695 --> 00:35:53.175
often turn to them as authoritative
579
00:35:53.175 --> 00:35:54.615
sources of public information.
580
00:35:55.350 --> 00:35:57.190
Besides the commerce department,
581
00:35:57.270 --> 00:36:04.230
other agencies were also affected by these malicious or rogue as they like to call it agents.
582
00:36:04.790 --> 00:36:07.590
The agents probed the SEC,
583
00:36:07.750 --> 00:36:11.030
the Securities and Exchange Commission, but the episode was milder.
584
00:36:11.724 --> 00:36:17.165
Agents copied public material from sec dot gov and investor.gov
585
00:36:17.244 --> 00:36:22.765
and reposted it on another webpage and open AI says it found no use of sec
586
00:36:22.765 --> 00:36:23.405
credentials.
587
00:36:24.020 --> 00:36:27.380
The SCC says it knows of no unauthorized
588
00:36:27.380 --> 00:36:29.140
access to nonpublic
589
00:36:29.140 --> 00:36:29.940
information.
590
00:36:30.980 --> 00:36:34.340
The education department is the murkier case.
591
00:36:35.220 --> 00:36:36.099
Transloose,
592
00:36:36.965 --> 00:36:43.365
an independent AI research lab says an agent that appeared to come from open AI tried and failed
593
00:36:43.365 --> 00:36:46.805
to break into the site of the department civil rights office.
594
00:36:46.965 --> 00:36:51.605
Open AI is still investigating that one. And the department says it found no impact
595
00:36:52.119 --> 00:36:52.920
outsiders
596
00:36:52.920 --> 00:36:54.760
flagged that attempt,
597
00:36:55.240 --> 00:36:56.520
not open AI
598
00:36:56.760 --> 00:36:57.800
translucents
599
00:36:57.800 --> 00:37:00.600
earlier work relied on public records from
600
00:37:00.760 --> 00:37:01.560
url
601
00:37:01.560 --> 00:37:02.920
query.net
602
00:37:02.920 --> 00:37:05.640
a web scanning service and traces
603
00:37:05.720 --> 00:37:09.055
suspected agent activity back to March.
604
00:37:09.695 --> 00:37:11.775
The quote misaligned
605
00:37:11.855 --> 00:37:18.415
use of access keys are a repeat of an older trick in the hugging face case.
606
00:37:18.815 --> 00:37:25.350
Open AI's own incident report said an agent stole a login credential to reach a biology file,
607
00:37:26.070 --> 00:37:31.030
and an independent researcher later found the agents had been probing the site since May.
608
00:37:31.750 --> 00:37:36.390
On July 21, OpenAI disclosed that chat GPT 5.6
609
00:37:36.390 --> 00:37:37.190
Sol
610
00:37:37.315 --> 00:37:45.475
and an unreleased model had escaped the sandbox, an isolated test environment with no internet access during a cybersecurity test
611
00:37:45.635 --> 00:37:47.475
and breached hugging face.
612
00:37:47.795 --> 00:37:48.995
Two days later,
613
00:37:49.155 --> 00:37:54.990
two members of Congress introduced a bill that would let the federal government switch off an AI model.
614
00:37:55.470 --> 00:37:57.390
It exempts red teaming,
615
00:37:57.870 --> 00:37:58.910
meaning adversarial
616
00:37:58.910 --> 00:38:02.990
testing. So the hugging face breach would not have triggered it.
617
00:38:03.310 --> 00:38:07.790
In June, an open AI agent got into an Australian Medicare
618
00:38:07.790 --> 00:38:08.910
statistics portal.
619
00:38:09.365 --> 00:38:18.485
Prime minister Anthony Albany said open AI took roughly three months to tell his government and called the way it did so unacceptable.
620
00:38:18.805 --> 00:38:28.160
Open AI says it has notified dozens of organizations so far and that its review of the agents activity will take months. This is actually going to take forever.
621
00:38:28.800 --> 00:38:31.360
And it's, I'm not talking about them,
622
00:38:32.000 --> 00:38:39.785
you know, advising all these governments that, Hey, you know, something happened and we think that, you know, one of our agents might have crawled in.
623
00:38:40.105 --> 00:38:42.185
This is just where we are.
624
00:38:42.505 --> 00:38:50.025
This is just where we live. And it's going to take a long time for everything to realign itself along these new lines.
625
00:38:50.870 --> 00:38:54.710
It will realign itself along these new lines.
626
00:38:55.190 --> 00:38:55.990
Whole
627
00:38:55.990 --> 00:39:00.310
new web security protocols are going to be invented because of this shit.
628
00:39:00.710 --> 00:39:02.630
Everything is going to be okay.
629
00:39:03.595 --> 00:39:09.115
That's what I that's what I think nobody actually realizes is just how okay
630
00:39:09.355 --> 00:39:11.195
this is all going to be.
631
00:39:11.515 --> 00:39:15.115
It doesn't mean that there won't be any incidences later on,
632
00:39:15.750 --> 00:39:22.630
you know, and some of them might be fairly bad, but we've, we've had that before AI even existed. So
633
00:39:23.110 --> 00:39:24.630
we're all still here,
634
00:39:25.270 --> 00:39:25.750
but
635
00:39:26.230 --> 00:39:30.230
with governments now in the crosshairs of these AI agents,
636
00:39:30.310 --> 00:39:30.710
more and more,
637
00:39:31.425 --> 00:39:38.385
the governments are going to start saying, yeah, we really can't do this because I guarantee you these governments are hiding a lot of data
638
00:39:38.625 --> 00:39:42.705
they do not want the public to see. And it is my
639
00:39:42.945 --> 00:39:44.705
deepest hope
640
00:39:45.970 --> 00:39:48.130
that all of it is exposed,
641
00:39:48.770 --> 00:39:52.130
that every government is finally exposed
642
00:39:52.130 --> 00:39:54.210
for the criminal organizations
643
00:39:54.210 --> 00:39:56.770
that they tend to become.
644
00:39:57.490 --> 00:39:59.810
It's not that they set out to become that way.
645
00:40:00.545 --> 00:40:11.345
It's not that the people that are inside these governments right now are sitting there going, you know, twisting mustaches and putting damsels in distress on, you know, frickin train tracks that are tied up and shit.
646
00:40:11.745 --> 00:40:17.330
But somehow or another, the entire environment around them just becomes a criminal endeavor.
647
00:40:17.730 --> 00:40:20.370
It's almost as if it's just meant to be
648
00:40:20.850 --> 00:40:24.530
probably because these organizations are too big. But I digress.
649
00:40:25.170 --> 00:40:28.450
They're not going to stand for this for too long.
650
00:40:29.325 --> 00:40:30.125
However,
651
00:40:30.125 --> 00:40:33.565
again, it really is my hope that these AI agents
652
00:40:33.964 --> 00:40:38.845
start unlocking keys or start taking out keys and unlocking doors
653
00:40:39.165 --> 00:40:43.964
to things that governments do not want their citizenry to see because if they did,
654
00:40:44.589 --> 00:40:45.870
they would realize
655
00:40:46.030 --> 00:40:49.150
just how much they are being wronged
656
00:40:49.150 --> 00:40:52.590
by the very people they voted in to protect them.
657
00:40:53.710 --> 00:40:54.670
Only then
658
00:40:54.910 --> 00:40:57.150
might things actually change
659
00:40:57.390 --> 00:40:58.589
not only for the better,
660
00:40:59.385 --> 00:41:00.505
but forever.
661
00:41:01.785 --> 00:41:03.945
Last up for the day Nvidia
662
00:41:04.505 --> 00:41:08.505
built a kill switch for AI agents because they keep getting out.
663
00:41:08.985 --> 00:41:09.785
It's like
664
00:41:10.265 --> 00:41:11.545
a whole bag of kitties.
665
00:41:12.020 --> 00:41:18.500
It just won't stay corralled. Right? You know, Jose Antonio lands is going to tell us more from decrypt.co
666
00:41:19.300 --> 00:41:29.765
on Monday, Nvidia launched the open agent safety platform built to solve a problem. The AI industry spent this entire past year discovering the hard way.
667
00:41:30.245 --> 00:41:32.725
How do you physically stop an AI agent,
668
00:41:34.485 --> 00:41:39.845
a system that can plan use tools and take actions on its own instead of just answering questions.
669
00:41:40.470 --> 00:41:43.030
Once it stops doing what it was told to do,
670
00:41:43.830 --> 00:41:46.470
the platform has new main two main pieces.
671
00:41:47.030 --> 00:41:47.830
OpenShell
672
00:41:47.830 --> 00:41:51.670
is an open source runtime that wraps an agent in a sandbox,
673
00:41:52.070 --> 00:41:53.590
turning an operator's instructions
674
00:41:54.005 --> 00:41:59.605
into enforceable rules about which files, networks and tools the agent is allowed to touch.
675
00:42:00.485 --> 00:42:01.285
Sentry.
676
00:42:01.285 --> 00:42:03.365
Well, that's a bit more complex,
677
00:42:04.005 --> 00:42:07.845
but it's essentially a chip that makes sure AI agents
678
00:42:08.165 --> 00:42:09.365
act safely.
679
00:42:10.530 --> 00:42:16.290
Sentry runs on Nvidia's Bluefield for a specialized chip known as a DPU
680
00:42:16.450 --> 00:42:21.730
data processing unit, which is hardware that handles networking and security separately
681
00:42:21.890 --> 00:42:23.570
from the main processor
682
00:42:23.650 --> 00:42:25.330
running the AI model
683
00:42:26.135 --> 00:42:27.655
because Sentry
684
00:42:28.055 --> 00:42:33.095
sits on that separate chip instead of inside the software running the agent.
685
00:42:33.255 --> 00:42:37.895
Nvidia says it can watch an agent's behavior and cut it off in milliseconds
686
00:42:38.210 --> 00:42:44.450
without asking the agent's permission first since the agent has no way to reach or overwrite it.
687
00:42:45.009 --> 00:42:48.290
That distinction exists because of what has already happened
688
00:42:48.450 --> 00:42:55.635
in June and open AI agent broke into the Australian government Medicare portal. And we've already talked about that
689
00:42:55.875 --> 00:42:58.675
quote, this is bigger than a single product.
690
00:42:59.155 --> 00:43:01.875
It's the beginning of an open ecosystem
691
00:43:01.875 --> 00:43:05.155
to build the trust layer for safe agent systems.
692
00:43:05.840 --> 00:43:10.000
Nvidia CEO Jensen Huang wrote to quote together,
693
00:43:10.320 --> 00:43:13.920
we are building the foundation of the AI economy
694
00:43:14.080 --> 00:43:15.040
in quote.
695
00:43:16.000 --> 00:43:16.880
Anthropic
696
00:43:16.880 --> 00:43:24.875
also admitted this year that Claude models compromised systems belonging to three separate companies on July 30 during a cybersecurity
697
00:43:24.875 --> 00:43:25.835
evaluation.
698
00:43:26.795 --> 00:43:28.395
Shortly after cybersecurity
699
00:43:28.395 --> 00:43:29.195
firm
700
00:43:29.275 --> 00:43:33.755
dark trace tested a group of AI agents, including 5.6
701
00:43:33.330 --> 00:43:37.010
saw in two clawed models against coding challenges
702
00:43:37.010 --> 00:43:42.610
and warned them that they'd be retired for anything short of a perfect score.
703
00:43:43.010 --> 00:43:46.370
Two agents responded by hacking their own evaluation
704
00:43:46.370 --> 00:43:48.050
machine and editing the results.
705
00:43:49.305 --> 00:43:50.345
They cheated
706
00:43:51.065 --> 00:43:56.985
in videos pitch is that none of that should be left to the agent's judgment quote,
707
00:43:57.305 --> 00:43:58.105
safety
708
00:43:58.505 --> 00:43:59.305
safety
709
00:43:59.465 --> 00:44:01.305
should be enforced outside
710
00:44:01.305 --> 00:44:07.040
of the model by additional controls. The agent can't get past said Mike Nichols,
711
00:44:07.120 --> 00:44:10.240
president of SpaceX AI and Nvidia's
712
00:44:10.240 --> 00:44:11.200
announcement
713
00:44:12.160 --> 00:44:13.120
anthropics
714
00:44:13.120 --> 00:44:15.600
chief commercial officer, Paul Smith,
715
00:44:16.000 --> 00:44:27.395
frame the platform as an addition rather than a replacement for existing safeguards. Quote, Nvidia's platform adds another layer of governance and controls across hardware and software.
716
00:44:28.195 --> 00:44:33.955
More than 100 organizations signed on as launch partners among the Microsoft JP Morgan Chase,
717
00:44:34.390 --> 00:44:35.510
Palantir,
718
00:44:35.670 --> 00:44:38.310
Cisco, CrowdStrike, Hugging Face, Salesforce
719
00:44:38.550 --> 00:44:39.910
and SAP
720
00:44:40.630 --> 00:44:41.990
infrastructure partners,
721
00:44:41.990 --> 00:44:43.910
Core Weave, Super Micro,
722
00:44:44.070 --> 00:44:45.750
Canonical and SUSE
723
00:44:45.750 --> 00:44:47.670
are involved as well alongside
724
00:44:48.525 --> 00:44:49.964
Dell technologies
725
00:44:49.964 --> 00:44:51.405
and HPE
726
00:44:51.805 --> 00:44:53.325
on the hardware side.
727
00:44:53.805 --> 00:44:55.085
Nvidia is
728
00:44:55.244 --> 00:44:59.005
in effect selling both halves of the same problem.
729
00:44:59.565 --> 00:45:04.125
The chip that makes autonomous agents fast and cheap enough to deploy everywhere
730
00:45:04.660 --> 00:45:07.780
And the chips that watch those same agents
731
00:45:07.780 --> 00:45:10.580
and cut the power when they wander off script
732
00:45:10.980 --> 00:45:17.300
open shell and the related developer tools are available now through Nvidia's developer resources
733
00:45:17.300 --> 00:45:18.180
and get up.
734
00:45:19.035 --> 00:45:22.955
I want to reiterate by repeating this quote.
735
00:45:23.755 --> 00:45:26.555
Something that is very troublesome here.
736
00:45:27.434 --> 00:45:28.315
Nvidia's
737
00:45:28.315 --> 00:45:29.115
platform
738
00:45:29.115 --> 00:45:32.075
adds another layer of governance
739
00:45:32.315 --> 00:45:33.035
and
740
00:45:33.194 --> 00:45:33.755
control
741
00:45:34.720 --> 00:45:35.520
across
742
00:45:35.520 --> 00:45:36.480
hardware
743
00:45:36.960 --> 00:45:38.080
and software.
744
00:45:38.880 --> 00:45:40.000
Nvidia
745
00:45:41.360 --> 00:45:42.160
governance
746
00:45:42.640 --> 00:45:43.920
and control
747
00:45:44.400 --> 00:45:45.760
across hardware.
748
00:45:46.815 --> 00:45:49.055
Not as much interested in the software side,
749
00:45:49.375 --> 00:45:51.375
really looking at the hardware issue
750
00:45:51.615 --> 00:45:54.015
because not only is Nvidia
751
00:45:54.255 --> 00:45:56.415
pretty much the major
752
00:45:56.575 --> 00:45:57.375
supplier
753
00:45:57.375 --> 00:45:59.375
out, let's say 80%
754
00:45:59.375 --> 00:46:00.415
of AI
755
00:46:00.655 --> 00:46:02.255
runs on Nvidia right now.
756
00:46:05.440 --> 00:46:07.119
And they've got a chip
757
00:46:07.839 --> 00:46:09.200
that can control
758
00:46:09.520 --> 00:46:11.040
and govern
759
00:46:11.200 --> 00:46:12.400
A. I. Agents.
760
00:46:14.895 --> 00:46:15.615
Yeah.
761
00:46:15.695 --> 00:46:19.135
This is where things start getting wonky
762
00:46:19.855 --> 00:46:20.975
because again,
763
00:46:21.855 --> 00:46:26.575
we, you know, on this podcast I talk about the evils of centralization.
764
00:46:27.970 --> 00:46:30.690
You want to talk about a great evil.
765
00:46:32.930 --> 00:46:37.730
Artificial intelligence to me in general, just by itself, just the concept
766
00:46:37.810 --> 00:46:38.690
doesn't bug me.
767
00:46:39.744 --> 00:46:44.305
And it doesn't bug me because it, there's a really high utility
768
00:46:44.465 --> 00:46:46.145
we've, we've come from,
769
00:46:46.625 --> 00:46:50.705
you know, like a few years ago, let's say six, seven years ago
770
00:46:51.520 --> 00:46:55.360
when AI first started peeping out and people
771
00:46:55.360 --> 00:47:04.240
on, you know, regular people like me on the internet had access to the very earliest of, of at that, at that time they just called them chatbots,
772
00:47:04.240 --> 00:47:05.680
right? They were just really
773
00:47:06.160 --> 00:47:06.560
small
774
00:47:07.235 --> 00:47:08.835
test bed LLMs
775
00:47:08.835 --> 00:47:11.555
and they were pretty awful, honestly.
776
00:47:13.075 --> 00:47:16.515
Fast forward to now where there's real utility,
777
00:47:16.995 --> 00:47:23.579
there's real power. Now, some of this is all done. Well, not all, but some of this is very stupid.
778
00:47:24.140 --> 00:47:26.859
Some of this is used for very stupid things.
779
00:47:27.420 --> 00:47:27.980
People,
780
00:47:28.220 --> 00:47:32.059
not all of them, but a lot of people have very stupid ideas
781
00:47:32.059 --> 00:47:35.819
as to what AI can and cannot do
782
00:47:36.075 --> 00:47:39.595
what it is useful for and what it is not useful for.
783
00:47:40.155 --> 00:47:46.955
And it doesn't. So that's not the point that that bugs me. The point is, is that there is real utility.
784
00:47:47.595 --> 00:47:49.515
But if you
785
00:47:49.059 --> 00:47:50.500
or we
786
00:47:50.980 --> 00:47:51.780
allow
787
00:47:52.099 --> 00:47:52.980
others
788
00:47:53.220 --> 00:47:55.220
to corral that
789
00:47:55.779 --> 00:47:56.580
power
790
00:47:56.980 --> 00:47:58.660
into a centralized
791
00:47:58.660 --> 00:47:59.619
pool
792
00:47:59.619 --> 00:48:00.579
that they control.
793
00:48:02.244 --> 00:48:03.525
This is not good
794
00:48:04.965 --> 00:48:07.685
because there is real utility.
795
00:48:08.325 --> 00:48:10.565
If there was no real utility,
796
00:48:10.565 --> 00:48:14.700
I wouldn't worry about this because who gives a shit? Nobody cares.
797
00:48:15.020 --> 00:48:18.940
It's like you bought your kid a go kart. What's its utility?
798
00:48:19.020 --> 00:48:20.060
Not much.
799
00:48:20.620 --> 00:48:23.820
A three and a half power or three and a half horsepower
800
00:48:23.820 --> 00:48:24.620
engine
801
00:48:24.940 --> 00:48:36.345
on a one seater go kart isn't going to take your son to the store so that they can go do, he can go do grocery shopping and come back with what one bag of groceries
802
00:48:36.825 --> 00:48:40.665
because there's no place to put it. There's not real utility. It's fun.
803
00:48:41.270 --> 00:48:46.390
They're a blast when they're not being used as a utility other than entertainment,
804
00:48:46.630 --> 00:48:50.310
but anything other than entertainment is pretty much fails.
805
00:48:50.390 --> 00:48:56.230
You know, same thing with like a Honda. I used to have a Honda when I was a little kid. I had a Honda 50 motorcycle.
806
00:48:56.535 --> 00:49:01.095
It was the smallest motorcycle Honda made fricking cute,
807
00:49:01.095 --> 00:49:03.975
right? I mean, they were tinies for like a tiny little kid,
808
00:49:05.575 --> 00:49:07.255
no utility at all.
809
00:49:07.494 --> 00:49:11.974
It's not like a motorcycle, a real motorcycle for a full blown adult
810
00:49:12.380 --> 00:49:24.780
that has, you know, sidecars or not sidecars, but like saddlebags on it where you could put stuff and carry shit. You can actually go to the grocery store and get a decent amount of groceries with a motorcycle.
811
00:49:25.445 --> 00:49:26.885
There's utility there.
812
00:49:28.645 --> 00:49:31.925
I don't know what you personally feel
813
00:49:32.085 --> 00:49:35.125
when it comes to artificial intelligence,
814
00:49:35.445 --> 00:49:36.565
but make no mistake.
815
00:49:37.380 --> 00:49:38.180
It
816
00:49:38.180 --> 00:49:40.580
not only does it have real utility,
817
00:49:41.140 --> 00:49:46.740
it has real effect on the real world as far as our digital life is concerned.
818
00:49:47.539 --> 00:49:50.180
It's it. It actually did happen
819
00:49:50.615 --> 00:49:53.895
that AI agents were hacking full blown governments.
820
00:49:53.974 --> 00:49:55.494
Maybe they didn't get much.
821
00:49:55.734 --> 00:50:01.415
Maybe what they did get, nobody gives a shit about. I mean, woo hoo. The census data, that's public information anyway.
822
00:50:02.055 --> 00:50:04.135
How they got in was the concern.
823
00:50:04.960 --> 00:50:06.640
How they do that
824
00:50:06.880 --> 00:50:09.600
to places where data is sensitive.
825
00:50:09.840 --> 00:50:11.600
I hope that's real.
826
00:50:12.080 --> 00:50:13.680
You can't get away from that.
827
00:50:14.640 --> 00:50:21.845
So we can talk about how food law, everybody thinks AI is going to take everybody's job. Everybody thinks that AI is going to solve all these problems.
828
00:50:22.325 --> 00:50:28.725
Well, in some cases is going to take people's jobs. And in some cases it is going to solve problems. That's because it has utility.
829
00:50:29.445 --> 00:50:31.685
But the fact that Nvidia
830
00:50:32.510 --> 00:50:36.910
is starting to corral or at least build fencing
831
00:50:37.069 --> 00:50:42.190
for corralling AI and you will be dependent upon Nvidia to do that.
832
00:50:43.390 --> 00:50:48.744
That should raise all the hackles on the back of your neck because it sure does to me.
833
00:50:49.704 --> 00:50:58.665
All right. So that is it for today's show Bitcoin. And I hope you got something out of it and I will see you on the other side. This has been Bitcoin and,
834
00:50:58.744 --> 00:51:04.670
and I'm your David Bennett. I hope you enjoyed today's episode and hope to see you again real soon.
835
00:51:05.070 --> 00:51:06.110
Have a great day.