Reading Forest Walker

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NOTE
Transcription provided by Podhome.fm
Created: 01/14/2025 18:09:47
Duration: 3756.774
Channels: 1
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It is 8:48
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AM Pacific
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Standard Time. It's the 14th day of January 2025,
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and this is episode
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1018
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of Bitcoin,
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and
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Happy Lightning Network White Paper Day. It is. It is.
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On this day, January
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14,
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2016, Joseph Poon
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and Taj
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Dreyja.
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They they they they each released, like, a a paper about the lightning network. Okay? So
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these two guys, which I haven't heard their names in a very, very long time, Joseph Poon and Taj Dreyja,
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They are the progenitors of the modern day lightning network.
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And back in 2016,
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I mean, it took 2 years after that white paper dropped before we even came close to getting a workable product. And then and then if anybody remembers, we were all told
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we were all told that it was reckless
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to put any money into the Lightning Network. And of course, that's the very first thing that we started doing was opening channels with each other.
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And the Lightning Network has come
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a long
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long way
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since that time.
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So I just wanted to make sure that we all understood what the hell was going on with,
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the Lightning Network white paper anniversary day that is today, January 14th.
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And that was back in
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2016.
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Yesterday,
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I released what I had been working on for a long time. And it's not that I was working on it for a long time, it just took me like well over a year to
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release an article about something that I call the Forest Walker.
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Now I've done
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an article or not an article, I did
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an entire episode
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on Forest Walker,
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and that was in fact,
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it was gonna be hold on there. It's gonna be episode
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well, if it'll actually give it to me. No. You're not gonna give it to me, are you? Good
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lord. Hold on.
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Yeah. That was episode
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849
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entitled The Forest Walker part 1.
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And I just did a general overview at that time on on this podcast of what I was thinking about when it came to something that that I call the Force Walker.
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Well,
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I had
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since then
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written a, an article, and it kept I kept it in draft form for a long time.
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And
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I wrote the majority of it,
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I think it was well over a year ago.
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And then it just
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kind of floated around and I didn't do anything with it. And I finally, yesterday, decided,
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to go ahead and release it. I've been working on it for the last couple of weeks to try to get it into a format
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that, you know, would be, you know, readable and and palpable for everybody. And and so yesterday, I released it both on Yakehanni,
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if that's the name, if that's the way I pronounce it
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that that is pronounced. I'm not exactly sure.
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Yakehanni
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is a, a law is a Noster client that is a long format. It also does short format too. But if you wanna post articles like you're posting on Substack or Medium or something like that, yakih0ne,
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which is a y a k I h o n n e, You can just search that
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in Google or whatever and you'll find it. And you can use your, your Nostra Inpub or Insec to log in if you if you want to use it. And honestly, it's it's a great for it's a great platform.
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It really is. It allows inline pictures.
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It does all kinds of neat stuff. But today, what I wanted to do
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was read you the article.
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Now I'm going to be reading it. I also posted this to Medium,
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so I'm gonna read it off off of medium
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simply because the scrolling is a little bit better than Yaki Han. And since I'm doing this live, I kinda don't need glitches in my in my scrolling.
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And sometimes Nostril clients get a little big, get a little fuzzy when it comes to that.
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But let's I wanna do the first half of this show
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just reading you
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this article
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which I titled
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Forest Walker
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Bitcoin Mining
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and Forest
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Management.
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Bitcoin is more than money,
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more than an asset,
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and more than a store of value.
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Bitcoin is a prime mover, an enabler,
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and it ignites imaginations.
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It certainly fueled an idea in my mind.
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The idea integrates sensors,
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computational prowess,
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actuated machinery,
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power conversion, and electronic communications
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to form an autonomous,
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machined
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creature,
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roaming forests,
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and harvesting the most widespread
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and least energy dense fuel source available.
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I call it the forest walker.
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And it eats wood
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and mines bitcoin.
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I know what you're thinking.
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Why not just put Bitcoin mining rigs where they belong?
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In a host of facilities sporting electricity from energy dense fuels like natural gas.
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Climate controlled with excellent data piping in and out.
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Why go to all the trouble
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building a robot that digests wood,
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creating flammable gases fueling an engine to run a generator powering Bitcoin miners?
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It's all about synergy.
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Bitcoin mining
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enables
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the realization of multiple
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seemingly unrelated yet useful activities.
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Activities considered
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unprofitable
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if not for Bitcoin as the prime mover.
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This is much more than simply mining the greatest asset ever conceived by humankind. It's about the power of synergy, which Bitcoin plays only one of many roles.
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The synergy created by this system can stabilize
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forests,
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fire ecology
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while generating multiple income streams.
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That's the realistic goal here, and it requires
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a brief history of American forest management before continuing.
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Smokey the Bear.
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In 1944,
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the Smokey Bear Wildlife Prevention Campaign began in the United States.
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Only you
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can prevent forest fires
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remains the refrain
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of the Ad Council's longest running campaign.
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The Ad Council is a United States non profit set up by the American Association of Advertising Agencies
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and the Association of National Advertisers in 1942.
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It would seem that the US Department of the Interior
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was concerned about pesky forest fires and wanted them to stop.
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So alongside a national policy of extreme fire suppression,
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they enlisted the entire United States population to get on board
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via the ad campaigns,
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and it worked.
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Forest fires were almost obliterated,
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and everyone was happy. Right?
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Wrong.
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Smokey is a fantastically
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successful bear. So forest fires became so few for so long that the fuel load,
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deadwood,
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in forests has become very heavy.
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So heavy that when a fire happens
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and they always happen
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it destroys
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everything in its path because the more fuel there is
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the hotter that fire becomes
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trees bushes shrubs and all other plant life cannot escape destruction
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not to mention homes and businesses
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the soil microbiology
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doesn't escape either as it is burned away even in deeper soils
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to add insult to injury
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hydrophobic waxy residues condense on the soil surface forcing water to travel over the ground
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rather than through it eroding forest soils.
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Good job, Smokey.
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Well done, sir.
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Most terrestrial ecologies
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are fire ecologies.
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Fire is part of these systems' fuel load and pest management.
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Before we pretended to manage millions of acres of forest
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fires raged all over the world
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rarely damaging forests
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the fuel load was always too light to generate fires hot enough to moonscape mountainsides.
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Fires simply burned off the minor amounts of fuel that accumulated since the fire before.
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The lighter heat, smoke, and other combustion gases suppressed pest,
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keeping them in check and the smoke condensed into a plant growth accelerant called wood vinegar,
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not a waxy cap on the soil.
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These fires also cleared out weak undergrowth,
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cycled minerals, and thinned the forest canopy
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allowing sunlight to penetrate
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to the forest floor.
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Without a fire's heat, many pine tree species can't sow their seeds.
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The heat is required to open the cones, the seed bearing structures, of spruce,
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cypress, sequoia, jack pine, lodgepole pine, and many more.
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Without fire,
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forests can't have babies.
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The idea was to protect the forests,
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and it isn't working. So in a world of fire,
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what does an ally look like
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and what does it do
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meet the forest walker
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for the forest walker to work as a mobile autonomous unit a solid platform that can carry several 100 pounds of equipment is required.
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It so happens this chassis already exists but shelved.
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Introducing the Legged Squad Support System, the LS3,
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a joint project between Boston Dynamics,
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DARPA and the United States Marine Corps, the quadrupedal robot is the size of a cow,
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can carry £400
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of equipment,
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negotiate challenging terrain, and operate for 24 hours before needing to refuel.
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Yes. It had an engine.
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Abandoned in 2015,
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the thing was too noisy for military deployment, and maintenance under fire is never a high quality idea.
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However, we can rebuild it to act as a platform for the Forest Walker,
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albeit with serious alterations.
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It would need to be bigger, probably.
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Carry more weight? Definitely.
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Maybe replace structural metal with carbon fiber and redesign much as 3 d printable parts for more effective maintenance.
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The original system
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has a top operational speed of 8 miles per hour.
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For our purposes, it only needs to move about as fast as a grazing ruminant.
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Without the hammering vibrations of galloping into battle, shocks of exploding mortars, and drunken soldiers playing wrangler of steel machines,
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time between failures should be much longer,
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and the overall energy consumption
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much lower.
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The LS3 is a solid platform to build upon now it just needs to be pulled out of the mothballs and completely refitted
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without board equipment
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the small branch chipper
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when I say forest fuel load
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I mean the dead carbon containing litter on the forest floor
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duff or leaves
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fine woody debris like small branches
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and coarse woody debris like logs
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are the fuel that feeds forest fires.
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Walk through any forest in the United States today and you will see quite a lot of these materials
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too much as I have described.
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Some of these fuel loads can be 8 tons per acre in pine and hardwood forests
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and up to 16 tons per acre at active logging sites.
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That's some big wood. And the more that collects, the more combustible danger to the forest it represents.
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It also provides a technically unlimited fuel supply for the Forest Walker system.
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The problem is that this detritus has to be chewed into pieces that are easily ingestible by the system for the gasification
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process.
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We'll get to that step in a minute
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what we need is a wood chipper
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attached to the chassis you know the LS3
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its its mouth
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a small wood chipper
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handling material
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up to 2.5 to 3 inches in diameter would eliminate a substantial amount of fuel.
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There's no reason for the Forest Walker to remove fallen trees.
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It wouldn't have to in order to make a real difference.
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It need only identify appropriately sized branches and grab them.
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Once loaded into the chipper's intake hopper for further processing, the beast can immediately look for more
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food.
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This is essentially kindling
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that would help ignite larger logs.
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If it's all consumed by Forest Walker, then it's not present to promote an aggravated
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conflagration.
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I have glossed over an obvious question.
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How does Forest Walker see and identify branches and such?
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LIDAR,
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light detection and ranging,
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attached to Forest Walker images the local area and feeds those data to onboard computers for processing.
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Maybe AI plays a role. Maybe simple machine learning can do the trick. One thing is for certain,
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being able to identify a stick and cause robotic appendages to pick it up
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is not impossible.
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Great.
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We now have a quadrupedal robot
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autonomously identifying and eating dead branches and other light combustible materials.
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Whilst strolling through the forest depleting future fires of combustibles,
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Forest Walker has already performed a major function of this system,
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making the forest safer.
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It's time to convert this low density fuel into a high density fuel that the Forest Walker can leverage.
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Enter
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the gasification
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process.
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The gasifier.
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The gasifier is the heart of the entire system.
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It's where low density fuel
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becomes high density fuel that powers the entire system
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biochar and wood vinegar are processed wastes and I'll discuss
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why both are powerful soil amendments in a moment but first
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what's gasification?
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Reacting shredded carbonaceous
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materials at high temperatures in a low or no oxygen environment
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converts the biomass into biochar,
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wood vinegar,
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heat, and synthesis gas,
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also known as syngas.
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Syngas consists primarily of hydrogen,
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carbon monoxide,
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00:15:27.425 --> 00:15:28.165
and methane,
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all of which are extremely useful fuels in a gaseous state.
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Part of this gas is used to heat the input biomass and keep the reaction temperature constant while the internal combustion engine that drives the generator to produce electrical power consumes the rest.
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Critically,
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this gasification
272
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process is continuous feed.
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Forst Walker
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must intake biomass from the chipper,
275
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process it to fuel, and dump the waste the CO2,
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heat, biochar, and wood vinegar
277
00:16:01.810 --> 00:16:02.310
continuously.
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It cannot stop.
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00:16:04.930 --> 00:16:08.550
Everything about this system depends upon this continual grazing,
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digestion, and excretion of waste just as a ruminal does. And like a ruminant,
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all waste products enhance the local environment.
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When I first heard of gasification,
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I didn't believe it was real.
284
00:16:25.125 --> 00:16:29.145
Running an electric generator from burning wood seemed more akin to conspiracy
285
00:16:29.605 --> 00:16:31.145
fantasy than science.
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00:16:33.020 --> 00:16:36.720
Not only is gasification real, it's ancient technology.
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00:16:37.660 --> 00:16:41.840
A man named Dean Clayton first started experiments on gasification
288
00:16:42.220 --> 00:16:43.120
in 16/99.
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00:16:45.105 --> 00:16:46.245
And in 1901,
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gasification was used to power a vehicle.
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00:16:49.985 --> 00:16:52.805
By the end of World War 2, there were 500,000
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00:16:53.825 --> 00:16:59.285
syngas powered vehicles in Germany alone because of the fossil fuel rationing during the war.
293
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The global gasification market was
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00:17:02.840 --> 00:17:03.340
$480,000,000,000
295
00:17:04.760 --> 00:17:05.500
in 2022
296
00:17:06.520 --> 00:17:08.700
and projected to be as much as $700,000,000,000
297
00:17:09.960 --> 00:17:10.700
by 2,030
298
00:17:11.080 --> 00:17:13.180
according to Vantage Market Research.
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00:17:14.625 --> 00:17:19.605
Gasification technology is the best choice to power the forest walker because
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it's self contained
301
00:17:21.985 --> 00:17:24.885
and we want its waste products.
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00:17:27.120 --> 00:17:28.260
Biochar. The
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00:17:28.720 --> 00:17:29.220
waste.
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00:17:30.560 --> 00:17:31.220
Biochar, AKA
305
00:17:32.640 --> 00:17:33.140
agricultural
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00:17:33.600 --> 00:17:35.140
charcoal, is fairly simple.
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00:17:35.600 --> 00:17:36.820
It's almost pure,
308
00:17:37.200 --> 00:17:39.220
solid carbon that resembles charcoal.
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00:17:40.054 --> 00:17:41.595
Its porous nature packs
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00:17:41.895 --> 00:17:45.835
large surface areas into small, three-dimensional nuggets.
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00:17:46.455 --> 00:17:49.275
Devoid of most other chemistry like hydrocarbons
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and ash
313
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biochar is extremely lightweight.
314
00:17:55.350 --> 00:17:58.410
Do not confuse it with the charcoal you buy for your grill.
315
00:17:59.190 --> 00:18:02.650
Biochar doesn't make good grilling charcoal because it would
316
00:18:03.030 --> 00:18:07.610
burn too rapidly, as it does not contain the multitude of flammable components
317
00:18:08.070 --> 00:18:09.370
that charcoal does.
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00:18:09.945 --> 00:18:12.365
Biochar has several other good use cases.
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00:18:12.745 --> 00:18:13.565
Water filtration,
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00:18:14.024 --> 00:18:14.845
water retention,
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00:18:15.465 --> 00:18:16.445
nutrient retention,
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00:18:16.904 --> 00:18:21.085
providing habitat for microscopic soil organisms, and carbon sequestration
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00:18:21.784 --> 00:18:24.445
are the main ones that we are concerned with here.
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Carbon has an amazing ability to adsorb
325
00:18:29.760 --> 00:18:32.340
substances stick to and accumulate
326
00:18:32.640 --> 00:18:34.580
on the surface of an object.
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00:18:35.760 --> 00:18:36.260
Adsorb.
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00:18:37.120 --> 00:18:37.620
Manifold
329
00:18:38.080 --> 00:18:38.580
chemistries.
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00:18:39.625 --> 00:18:43.405
Water, nutrients and pollutants tightly bind to carbon in this format.
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00:18:43.945 --> 00:18:45.804
So biochar makes a respectable
332
00:18:46.105 --> 00:18:50.605
filter and acts as a battery of water and nutrients in soils.
333
00:18:51.304 --> 00:18:52.445
Biochar absorbs
334
00:18:52.920 --> 00:18:56.060
and holds onto 7 times its weight in water.
335
00:18:56.760 --> 00:19:00.700
Soil containing biochar is more drought resilient than soils without it.
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00:19:01.320 --> 00:19:02.620
Adsorbed nutrients,
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00:19:03.000 --> 00:19:08.135
tightly sequestered alongside water, get released only as plants need them
338
00:19:08.595 --> 00:19:10.775
plants must excrete protons
339
00:19:11.155 --> 00:19:17.095
from their roots to disgorge water or positively charged nutrients from the biochar surface
340
00:19:17.875 --> 00:19:19.495
it's an active process
341
00:19:20.640 --> 00:19:23.300
biochar surface area where the absorption
342
00:19:23.760 --> 00:19:24.260
happens
343
00:19:24.560 --> 00:19:28.020
can be 500 square meters per gram or more
344
00:19:28.960 --> 00:19:35.780
that is 10% larger than an official NBA basketball court for every gram of biochar
345
00:19:36.695 --> 00:19:42.315
Biochar's abundant surface area builds protective habitats for soil microbes like fungi and bacteria,
346
00:19:42.695 --> 00:19:47.275
and many of are critical for the health and productivity of the soil itself.
347
00:19:48.470 --> 00:19:49.850
The carbon sequestration
348
00:19:50.310 --> 00:19:54.410
component of biochar comes into play where carbon credits are concerned.
349
00:19:55.190 --> 00:19:57.770
There is a financial market for carbon.
350
00:19:58.310 --> 00:20:01.450
Not leveraging that market for revenue is foolish.
351
00:20:02.134 --> 00:20:04.154
I am climate agnostic.
352
00:20:04.934 --> 00:20:09.034
All I care about is that once solid carbon is inside the soil,
353
00:20:09.414 --> 00:20:11.995
it will stay there for 1000 of years,
354
00:20:12.375 --> 00:20:13.754
imparting drought resiliency,
355
00:20:14.550 --> 00:20:15.690
fertility collection
356
00:20:16.150 --> 00:20:17.370
nutrient buffering
357
00:20:17.750 --> 00:20:20.090
and release for that time span
358
00:20:20.710 --> 00:20:24.730
I simply want as much solid carbon in the soil because of the undeniably
359
00:20:25.510 --> 00:20:27.370
positive effects it has
360
00:20:27.925 --> 00:20:30.505
regardless of any climatic considerations.
361
00:20:32.245 --> 00:20:32.985
Wood vinegar.
362
00:20:33.685 --> 00:20:34.505
More waste.
363
00:20:35.685 --> 00:20:39.625
Another byproduct of the gasification process is wood vinegar,
364
00:20:40.005 --> 00:20:40.505
or
365
00:20:41.370 --> 00:20:41.870
pyroligneous
366
00:20:42.650 --> 00:20:43.150
acid.
367
00:20:43.850 --> 00:20:48.190
If you have ever seen liquid smoke in the grocery store, then you have seen wood vinegar.
368
00:20:48.810 --> 00:20:52.590
Principally composed of acetic acid, acetone, and methanol,
369
00:20:52.970 --> 00:20:54.670
wood vinegar also contains
370
00:20:55.215 --> 00:20:55.955
around 200
371
00:20:56.735 --> 00:20:57.554
other organic
372
00:20:57.855 --> 00:20:58.355
compounds.
373
00:20:59.135 --> 00:21:08.035
It would seem intuitive that condensed liquefied wood smoke would at least be bad for the health of all living things, if not downright carcinogenic.
374
00:21:09.130 --> 00:21:09.870
The counter intuition
375
00:21:10.330 --> 00:21:12.510
wins the day, however. Wood vinegar
376
00:21:12.970 --> 00:21:18.669
has been used by humans for a very long time to promote digestion, bowel, and liver health,
377
00:21:19.289 --> 00:21:21.230
combat diarrhea and vomiting,
378
00:21:22.225 --> 00:21:27.605
calm peptic ulcers and regulate cholesterol levels, and a host of other benefits.
379
00:21:28.304 --> 00:21:35.125
For centuries, humans have annually burned off 100 of thousands of square miles of pasture, grassland,
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00:21:35.585 --> 00:21:39.220
forest, and every other conceivable terrestrial ecosystem.
381
00:21:40.240 --> 00:21:41.380
Why is this done?
382
00:21:42.400 --> 00:21:43.700
After every burn,
383
00:21:44.000 --> 00:21:45.780
one thing becomes obvious,
384
00:21:46.400 --> 00:21:47.860
the almost supernatural
385
00:21:48.240 --> 00:21:51.299
growth these ecosystems exhibit after the burn.
386
00:21:51.765 --> 00:21:52.265
How?
387
00:21:52.885 --> 00:21:55.545
Wood vinegar is a component of this growth.
388
00:21:55.925 --> 00:22:00.345
Even in open burns, smoke condenses and infiltrates the soil.
389
00:22:00.805 --> 00:22:03.625
That is when wood vinegar shows its quality.
390
00:22:04.180 --> 00:22:07.400
This stuff beefs up not only general plant growth,
391
00:22:07.860 --> 00:22:13.000
but seed germination as well and possesses many other qualities that are beneficial to plants.
392
00:22:13.460 --> 00:22:14.280
It's a pesticide,
393
00:22:14.900 --> 00:22:15.400
fungicide,
394
00:22:15.940 --> 00:22:17.880
promotes beneficial soil microorganisms,
395
00:22:18.735 --> 00:22:22.675
enhances nutrient uptake, and imparts disease resistance.
396
00:22:23.535 --> 00:22:25.155
I am barely touching
397
00:22:25.775 --> 00:22:30.275
a long list of attributes here. But you want wood vinegar in your soil
398
00:22:30.655 --> 00:22:33.475
alongside biochar because it absorbs
399
00:22:33.910 --> 00:22:34.410
wood
400
00:22:34.950 --> 00:22:35.930
vinegar as well
401
00:22:37.350 --> 00:22:38.730
the internal combustion
402
00:22:39.030 --> 00:22:39.530
engine
403
00:22:41.190 --> 00:22:43.610
conversion of grazed forage to chemical
404
00:22:43.910 --> 00:22:47.610
then mechanical and then electrical energy completes the cycle
405
00:22:48.405 --> 00:22:48.905
The
406
00:22:50.165 --> 00:22:50.665
ICE
407
00:22:51.045 --> 00:22:53.945
converts the gaseous fuel output from the gasifier
408
00:22:54.405 --> 00:22:55.865
to mechanical energy,
409
00:22:56.165 --> 00:22:56.665
heat,
410
00:22:57.045 --> 00:22:58.825
water vapor and CO2.
411
00:22:59.940 --> 00:23:03.879
It's the mechanical energy of a rotating driveshaft that we want.
412
00:23:04.340 --> 00:23:10.600
That rotation drives the electric generator which is the heartbeat we need to bring this monster to life.
413
00:23:11.460 --> 00:23:19.195
Luckily for us, combined internal combustion engine and generator packages are ubiquitous, delivering a defined energy output
414
00:23:19.575 --> 00:23:21.595
given a constant fuel input.
415
00:23:21.895 --> 00:23:24.235
It's the simplest part of the system.
416
00:23:25.140 --> 00:23:28.600
The obvious question here is whether the amount of syngas
417
00:23:28.900 --> 00:23:30.280
provided by the gasification
418
00:23:30.660 --> 00:23:31.160
process
419
00:23:31.540 --> 00:23:37.160
will provide enough energy to generate enough electrons to run the entire system or not.
420
00:23:37.735 --> 00:23:43.274
While I have no doubt the energy produced will run Forest Walker's main systems,
421
00:23:43.654 --> 00:23:46.554
the question is really about the electrons left over.
422
00:23:47.174 --> 00:23:51.195
Will it be enough to run the Bitcoin mining aspect of the system?
423
00:23:52.410 --> 00:23:53.630
Everything is a budget.
424
00:23:55.370 --> 00:23:57.470
C 02 production for growth.
425
00:23:58.970 --> 00:24:00.110
Plants are lollipops.
426
00:24:01.290 --> 00:24:04.830
No matter if it's a tree or a bush or a shrubbery,
427
00:24:05.370 --> 00:24:10.905
the entire thing is mostly sugar in various formats, but mostly long chain carbohydrates
428
00:24:11.365 --> 00:24:12.425
like lignin
429
00:24:12.805 --> 00:24:13.545
and cellulose.
430
00:24:14.565 --> 00:24:17.065
Plants need three things to make sugar,
431
00:24:17.445 --> 00:24:18.345
c o two,
432
00:24:18.885 --> 00:24:20.345
water, and light.
433
00:24:21.000 --> 00:24:24.460
In a forest, where tree densities can be quite high,
434
00:24:24.840 --> 00:24:27.900
c02 availability becomes a limiting growth factor.
435
00:24:28.280 --> 00:24:31.820
It'd be in the forest's interest to have more available c02
436
00:24:32.360 --> 00:24:37.005
providing for various sugar formation providing the organism with food and structure.
437
00:24:37.865 --> 00:24:39.885
An odd thing about tree leaves
438
00:24:40.665 --> 00:24:44.365
the openings that allow gases like the ever searched for CO2
439
00:24:45.305 --> 00:24:48.445
to come into the organism are on the bottom of the leaf.
440
00:24:48.985 --> 00:24:50.685
These are called stomata.
441
00:24:51.840 --> 00:24:53.780
Not many stomata are topside.
442
00:24:54.559 --> 00:25:00.500
This suggests that trees and bushes have evolved to find gases like CO2 from below
443
00:25:01.120 --> 00:25:01.860
not above.
444
00:25:02.160 --> 00:25:05.860
And this further suggests CO2 might be in higher concentrations
445
00:25:06.845 --> 00:25:07.905
nearer the soil
446
00:25:08.845 --> 00:25:09.985
the soil life
447
00:25:10.285 --> 00:25:10.785
bacteria
448
00:25:11.245 --> 00:25:11.745
fungietc
449
00:25:12.765 --> 00:25:14.145
is constantly producing
450
00:25:14.765 --> 00:25:25.910
enormous amounts of c02 and it would stay in the soil forever eventually killing the very soil life that produces it if not for tidal forces you see water is everywhere
451
00:25:26.290 --> 00:25:28.710
and whether in pools lakes oceans
452
00:25:29.330 --> 00:25:31.510
or distributed in moist soil
453
00:25:32.530 --> 00:25:34.390
water moves towards the moon
454
00:25:35.085 --> 00:25:39.505
the water in the soil and also in the water tables below the soil
455
00:25:39.885 --> 00:25:41.184
rise toward the surface
456
00:25:41.485 --> 00:25:42.145
every day
457
00:25:42.845 --> 00:25:44.065
when the water rises
458
00:25:44.365 --> 00:25:49.985
it expels the accumulated gases in the soil into the atmosphere and it's mostly co2
459
00:25:50.779 --> 00:25:55.039
it's a good bet on how leaves developed high populations of stomata
460
00:25:55.580 --> 00:25:57.279
on the underside of leaves
461
00:25:58.140 --> 00:25:59.440
as the water relaxes
462
00:25:59.740 --> 00:26:07.205
the tide goes out it sucks oxygenated air back into the soil to continue the functions of soil life respiration.
463
00:26:07.745 --> 00:26:09.045
The soil breathes,
464
00:26:09.665 --> 00:26:10.165
albeit
465
00:26:10.865 --> 00:26:11.365
slowly.
466
00:26:12.945 --> 00:26:19.445
The gases produced by the Forest Walker's internal combustion engine consist primarily of CO2 and water.
467
00:26:20.250 --> 00:26:22.990
Combusting sugars produces the same gases
468
00:26:23.370 --> 00:26:27.950
that are needed to construct the sugars because the universe is funny like that.
469
00:26:28.810 --> 00:26:33.230
The forest walker is constantly laying down these critical construction elements
470
00:26:33.610 --> 00:26:38.675
right where the trees need them close to the ground to be gobbled up by the trees.
471
00:26:40.175 --> 00:26:41.475
The branch drones.
472
00:26:42.895 --> 00:26:44.515
During the last ice age,
473
00:26:45.135 --> 00:26:47.475
giant mammals populated North America,
474
00:26:47.855 --> 00:26:49.075
forests and otherwise.
475
00:26:49.920 --> 00:26:50.420
Mastodons,
476
00:26:51.360 --> 00:26:54.180
wooly mammoths, rhinos, short faced bears,
477
00:26:54.560 --> 00:26:55.620
step bison,
478
00:26:56.160 --> 00:26:58.740
caribou, muskox, giant beavers, camels,
479
00:26:59.200 --> 00:26:59.700
gigantic
480
00:27:00.160 --> 00:27:01.700
ground dwelling sloths,
481
00:27:02.160 --> 00:27:02.660
glyptodons,
482
00:27:03.440 --> 00:27:04.500
and dire wolves
483
00:27:04.965 --> 00:27:05.705
were everywhere.
484
00:27:07.044 --> 00:27:09.385
Many were 10 to 15 feet tall.
485
00:27:10.164 --> 00:27:19.225
As they crashed through forests, they would effectively cleave off dead side branches of trees, halting the spread of ground based fires
486
00:27:19.730 --> 00:27:21.670
migrating into the tree crown
487
00:27:21.970 --> 00:27:25.590
or laddering which is a death knell for a forest.
488
00:27:26.610 --> 00:27:31.750
These animals are all extinct now and forests no longer have any manner of pruning services.
489
00:27:33.265 --> 00:27:37.765
But if we build drones fitted with cutting implements like saws and loppers,
490
00:27:38.145 --> 00:27:42.245
optical cameras, and AI trained to discern dead branches from living ones,
491
00:27:42.625 --> 00:27:46.245
these drones could effectively take over pruning services by identifying,
492
00:27:47.010 --> 00:27:49.350
cutting and dropping to the forest floor
493
00:27:49.890 --> 00:27:50.710
dead branches.
494
00:27:51.570 --> 00:27:52.710
The dropped branches
495
00:27:53.010 --> 00:27:56.950
simply get collected by the Forest Walker as part of its continual mission.
496
00:27:57.730 --> 00:28:03.065
The drones dock on the back of the Forest Walker to recharge their batteries when low.
497
00:28:03.525 --> 00:28:07.865
The whole scene would look like a grazing cow with some flies bothering it.
498
00:28:08.405 --> 00:28:09.225
This activity
499
00:28:09.605 --> 00:28:16.410
breaks the link between a relatively cool ground based fire and the tree crowns and is a vital element
500
00:28:16.789 --> 00:28:18.169
in forest fire control.
501
00:28:19.830 --> 00:28:21.049
The Bitcoin miner.
502
00:28:22.390 --> 00:28:24.490
Mining is one of 4 monetary
503
00:28:24.870 --> 00:28:28.650
incentive models making this system a possibility for development.
504
00:28:29.485 --> 00:28:32.544
The other 3 are US Department of the Interior,
505
00:28:32.845 --> 00:28:33.345
Township,
506
00:28:33.645 --> 00:28:38.065
County, and Electrical Utility Company easement contracts for fuel load management,
507
00:28:38.924 --> 00:28:40.865
global carbon credits trading,
508
00:28:41.245 --> 00:28:42.065
and dataset
509
00:28:42.365 --> 00:28:42.865
sales.
510
00:28:43.860 --> 00:28:49.720
All of the above depends on obvious questions getting answered. I will list some obvious ones here,
511
00:28:50.260 --> 00:28:54.680
but this is not an engineering document and is not the place for spreadsheets.
512
00:28:55.845 --> 00:29:00.505
How much bitcoin one forest walker can mine depends on everything else.
513
00:29:00.885 --> 00:29:03.225
What amount of biomass can we process?
514
00:29:03.605 --> 00:29:07.705
Will the biomass flow enough syngas to keep the lights on?
515
00:29:08.029 --> 00:29:12.130
Can the chassis support enough mining ASICs and supporting infrastructure?
516
00:29:13.070 --> 00:29:16.130
What does that weigh? And will it affect field performance?
517
00:29:16.510 --> 00:29:19.490
How much power can the generator produce?
518
00:29:20.885 --> 00:29:23.544
Other questions that are more philosophical persist.
519
00:29:24.325 --> 00:29:29.544
Even if a single forest walker can only mine scant amounts of BTC per day,
520
00:29:29.845 --> 00:29:30.745
that pales
521
00:29:31.365 --> 00:29:34.664
to how much fuel material it can process into biochar.
522
00:29:35.309 --> 00:29:36.610
We're we're talking
523
00:29:36.990 --> 00:29:38.049
about 1,000,000
524
00:29:38.429 --> 00:29:39.409
upon 1,000,000
525
00:29:39.710 --> 00:29:42.769
of forested acres in need of fuel load management.
526
00:29:43.470 --> 00:29:45.570
What can a single forest walker do?
527
00:29:46.509 --> 00:29:48.690
I'm not thinking in singular terms.
528
00:29:49.285 --> 00:29:52.025
The Forrest Walker must operate as a fleet.
529
00:29:52.565 --> 00:29:54.025
What could 50 do?
530
00:29:54.805 --> 00:29:55.305
500?
531
00:29:56.325 --> 00:30:00.985
What is it worth providing a service to the world by managing forest fuel loads,
532
00:30:01.700 --> 00:30:04.440
providing proof of work to the global monetary system
533
00:30:04.820 --> 00:30:08.440
seeding soil with drought and nutrient resilience by the excretion
534
00:30:08.900 --> 00:30:09.640
over time
535
00:30:09.940 --> 00:30:11.480
of carbon by the ton
536
00:30:12.740 --> 00:30:15.560
what did the last forest fire cost?
537
00:30:17.405 --> 00:30:18.545
The mesh network.
538
00:30:19.885 --> 00:30:25.425
What could be better than 1 Bitcoin mining, carbon sequestering, forest fire squelching, soil amending behemoth?
539
00:30:26.285 --> 00:30:32.090
1000 of them. But then they would need to be able to talk to each other to coordinate position,
540
00:30:32.710 --> 00:30:34.330
data handling, etcetera.
541
00:30:35.510 --> 00:30:39.450
Fitted with a mesh networking device like Gotenna or Meshtastic
542
00:30:39.750 --> 00:30:40.650
LoRa equipment
543
00:30:41.054 --> 00:30:44.754
enables each Forest Walker to communicate with each other.
544
00:30:45.695 --> 00:30:48.835
Now we have an interconnected fleet of Forest Walkers
545
00:30:49.294 --> 00:30:52.115
relaying data to each other and more importantly,
546
00:30:52.894 --> 00:30:53.394
aggregating
547
00:30:53.695 --> 00:30:56.820
all of that the last link in the chain for uplink.
548
00:30:57.520 --> 00:31:00.260
Well, at least the Bitcoin mining data.
549
00:31:00.799 --> 00:31:05.140
Since block data is lightweight, transmission of these data via mesh networking
550
00:31:05.520 --> 00:31:09.059
in fairly close quartered environments is more than doable.
551
00:31:09.634 --> 00:31:12.455
So how does data transmit to the Bitcoin network?
552
00:31:13.235 --> 00:31:17.735
How do the forced walkers get the previous block data necessary to execute on mining?
553
00:31:18.995 --> 00:31:20.134
Back to the chain.
554
00:31:21.315 --> 00:31:25.490
Getting Bitcoin block data to and from the network is the last puzzle piece.
555
00:31:26.110 --> 00:31:30.450
The standing presumption here is that wherever a Forest Walker fleet is operating,
556
00:31:30.830 --> 00:31:33.570
it is not within cell tower range.
557
00:31:34.110 --> 00:31:35.250
We further presume
558
00:31:35.955 --> 00:31:39.414
that the nearest Walmart WiFi is hours away.
559
00:31:40.115 --> 00:31:43.735
Enter the Blockstream satellite or something like it.
560
00:31:44.115 --> 00:31:45.975
A separate ground based drone
561
00:31:46.434 --> 00:31:47.654
will have 2 jobs
562
00:31:48.300 --> 00:31:50.720
To stay as close to the nearest for
563
00:31:51.180 --> 00:31:54.720
forest walker as it can and to provide an antenna
564
00:31:55.180 --> 00:31:58.800
for either terrestrial or orbital data uplink.
565
00:32:00.060 --> 00:32:03.520
Bitcoin centric data is transmitted to the uplink drone
566
00:32:03.945 --> 00:32:05.885
via the mesh network transmitters
567
00:32:06.265 --> 00:32:11.885
and then sent onto the uplink and the whole flow goes in the opposite direction as well.
568
00:32:12.424 --> 00:32:13.485
Many to 1.
569
00:32:14.024 --> 00:32:15.005
1 to many.
570
00:32:16.170 --> 00:32:16.910
We cannot
571
00:32:17.450 --> 00:32:21.790
transmit data to the Blockstream satellite, and it will be up to Blockstream
572
00:32:22.170 --> 00:32:27.950
and companies like it to provide uplink capabilities in the future. And I don't doubt that they will.
573
00:32:28.555 --> 00:32:29.615
Starlink, you say?
574
00:32:29.995 --> 00:32:33.215
What's stopping that company from filtering out block data?
575
00:32:33.755 --> 00:32:38.655
Nothing. Because it's Starlink's system, and they could decide to censor these data.
576
00:32:39.275 --> 00:32:43.215
It seems we may have a problem sending and receiving Bitcoin data
577
00:32:43.559 --> 00:32:44.299
in backcountry
578
00:32:45.000 --> 00:32:45.500
environs.
579
00:32:46.360 --> 00:32:47.419
But then again,
580
00:32:48.200 --> 00:32:53.980
the utility of this system in staunching the fuel load that creates forest fires is extremely useful
581
00:32:54.360 --> 00:32:55.899
around forested communities.
582
00:32:56.515 --> 00:32:57.975
And many have fiber,
583
00:32:58.355 --> 00:32:58.855
WiFi,
584
00:32:59.395 --> 00:33:00.535
and cell towers.
585
00:33:01.395 --> 00:33:10.215
These communities could be a welcoming ground 0 for first deployments of the Forest Walker system by the home and business owners seeking fire repression.
586
00:33:11.220 --> 00:33:12.280
In the best way,
587
00:33:12.900 --> 00:33:14.040
Bitcoin subsidizes
588
00:33:14.420 --> 00:33:16.200
the safety of communities.
589
00:33:17.860 --> 00:33:18.840
Sensor packages,
590
00:33:20.179 --> 00:33:20.679
lidar.
591
00:33:21.540 --> 00:33:25.240
The benefit of having a Forest Walker fleet strolling through the forest
592
00:33:25.540 --> 00:33:29.054
is a never ending opportunity for data gathering.
593
00:33:29.595 --> 00:33:38.015
A plethora of deployable sensors gathering hyper accurate data on everything from temperature to topography is yet another revenue generator.
594
00:33:38.955 --> 00:33:40.015
Data is valuable.
595
00:33:40.410 --> 00:33:45.470
And the Forest Walker could generate data sales to various government entities and private concerns.
596
00:33:46.490 --> 00:33:46.990
LiDAR,
597
00:33:47.290 --> 00:33:50.350
light detection and ranging, can map topography,
598
00:33:50.970 --> 00:33:52.670
perform biomass assessment,
599
00:33:53.245 --> 00:33:55.825
comparative soil erosion analysis, etcetera.
600
00:33:56.365 --> 00:33:57.424
It so happens
601
00:33:57.885 --> 00:33:58.705
that the ForestWalker's
602
00:33:59.005 --> 00:34:00.065
ability to
603
00:34:00.365 --> 00:34:02.705
see, to navigate about its surroundings
604
00:34:03.164 --> 00:34:10.030
is LiDAR driven. And since it's already being used, we can get double duty by harvesting that data for later use.
605
00:34:10.730 --> 00:34:16.990
By using a laser to send out light pulses and measuring the time it takes for the reflection of those pulses to return,
606
00:34:17.694 --> 00:34:19.155
very detailed datasets
607
00:34:19.775 --> 00:34:20.275
incrementally
608
00:34:20.575 --> 00:34:21.315
build up.
609
00:34:22.255 --> 00:34:22.755
Eventually,
610
00:34:23.454 --> 00:34:26.275
as enough data about a certain area becomes available,
611
00:34:26.734 --> 00:34:28.755
the data becomes useful and valuable.
612
00:34:29.710 --> 00:34:32.210
Forestry concerns, both private and public,
613
00:34:32.590 --> 00:34:38.450
often use lidar to build 3 d models of tree stands to assess the amount of harvestable lumber
614
00:34:38.830 --> 00:34:40.770
in entire sections of forest.
615
00:34:41.885 --> 00:34:42.785
Consulting companies
616
00:34:43.244 --> 00:34:44.385
offering these services
617
00:34:44.845 --> 00:34:46.865
charge anywhere from several 100
618
00:34:47.244 --> 00:34:48.065
to several $1,000
619
00:34:48.685 --> 00:34:50.945
per square kilometer for such services.
620
00:34:51.484 --> 00:34:52.865
A forest walker generating
621
00:34:53.165 --> 00:34:57.530
such assessments on the fly while performing its other functions is a multidisciplinary
622
00:34:58.550 --> 00:35:00.170
approach to revenue generation.
623
00:35:01.670 --> 00:35:02.170
PH,
624
00:35:02.710 --> 00:35:05.770
soil moisture, and cation exchange sensing.
625
00:35:06.710 --> 00:35:08.250
The Forest Walker is quadrupedal,
626
00:35:08.950 --> 00:35:11.610
so there are 4 contact points to the soil.
627
00:35:12.155 --> 00:35:15.295
Why not get a pH data point for every step it takes?
628
00:35:15.915 --> 00:35:20.175
We can also gather soil moisture data and cation exchange capacities
629
00:35:20.555 --> 00:35:24.895
at unheard of densities because of sampling occurring on the fly
630
00:35:25.290 --> 00:35:27.710
during commission of the system's other duties.
631
00:35:28.730 --> 00:35:37.870
No one is going to build a machine to do pH testing of vast tracks of forest soils, but that doesn't make the data collected from such an endeavor
632
00:35:38.250 --> 00:35:38.750
valueless.
633
00:35:39.705 --> 00:35:42.685
Since the Forest Walker serves many functions at once,
634
00:35:43.465 --> 00:35:48.045
a multitude of data products can add to the return on investment component.
635
00:35:49.385 --> 00:35:50.285
Weather data.
636
00:35:51.305 --> 00:35:51.805
Temperature,
637
00:35:52.350 --> 00:35:52.850
humidity,
638
00:35:53.150 --> 00:35:53.650
pressure,
639
00:35:53.950 --> 00:35:55.650
and even data like evapotranspiration
640
00:35:56.750 --> 00:35:59.570
gathered at high densities on broadacre scales
641
00:36:00.030 --> 00:36:03.490
have untold value. And because the sensors are lightweight
642
00:36:03.870 --> 00:36:08.825
and don't require large power budgets, they come along for the ride at little
643
00:36:09.365 --> 00:36:11.305
cost. But just like the old mantra,
644
00:36:11.605 --> 00:36:17.464
gas, grass, or ass, nobody rides for free, these sensors provide potential revenue benefits
645
00:36:17.925 --> 00:36:19.464
just by them being present.
646
00:36:20.340 --> 00:36:25.720
I've touched on just a few data genres here. In fact, the question for universities,
647
00:36:26.420 --> 00:36:28.760
governmental bodies, and other institutions
648
00:36:29.060 --> 00:36:29.560
becomes,
649
00:36:30.260 --> 00:36:34.200
how much will you pay us to attach your sensor payload
650
00:36:34.695 --> 00:36:35.755
to the Forest Walker?
651
00:36:37.415 --> 00:36:38.315
Noise suppression.
652
00:36:39.575 --> 00:36:41.595
Only you can prevent Metallica
653
00:36:41.975 --> 00:36:44.875
filling the surrounds with 120 decibels of sound.
654
00:36:45.495 --> 00:36:48.395
Easy enough. Just turn the car stereo off.
655
00:36:48.770 --> 00:36:53.910
But what if a fleet of 50 Forest Walkers operating in the backcountry or near a township?
656
00:36:54.849 --> 00:36:55.349
500.
657
00:36:56.369 --> 00:36:56.869
5000.
658
00:36:58.290 --> 00:37:03.109
Each one has a woodchipper, an internal combustion engine, hydraulic pumps, actuators,
659
00:37:03.515 --> 00:37:06.495
and more cooling fans than you can shake a stick at.
660
00:37:06.795 --> 00:37:07.695
It's a walking,
661
00:37:07.995 --> 00:37:10.575
screaming, fire breathing dragon operating
662
00:37:10.875 --> 00:37:11.375
continuously
663
00:37:11.755 --> 00:37:12.575
day and night,
664
00:37:12.955 --> 00:37:14.415
24 hours a day,
665
00:37:15.035 --> 00:37:16.655
365 days a year.
666
00:37:17.120 --> 00:37:21.620
The sound will negatively affect all living things, and that impacts behaviors.
667
00:37:22.400 --> 00:37:24.180
Serious engineering considerations
668
00:37:24.720 --> 00:37:29.380
and prowess must deliver a silencing blow to the major issue of noise.
669
00:37:30.285 --> 00:37:31.425
It would be foolish
670
00:37:32.285 --> 00:37:35.345
to think that a fleet of forest walkers could be silent.
671
00:37:35.645 --> 00:37:37.905
But if not a major design consideration,
672
00:37:38.444 --> 00:37:41.825
then the entire idea is dead on arrival.
673
00:37:42.700 --> 00:37:51.040
Townships would not allow them to operate even if they solve the problem of widespread fuel load and neither would government entities, and rightly so.
674
00:37:51.740 --> 00:37:52.240
Nothing,
675
00:37:52.540 --> 00:37:56.160
not man nor beast, would want to be subjected to an eternal
676
00:37:56.715 --> 00:38:02.255
infernal scream even if it were to end within days as the fleet moved further away
677
00:38:02.715 --> 00:38:04.335
after consuming what it could.
678
00:38:05.195 --> 00:38:08.975
Noise and heat are the only real pollutants of this system.
679
00:38:09.680 --> 00:38:11.780
Taking noise seriously from the beginning
680
00:38:12.160 --> 00:38:13.060
is paramount.
681
00:38:14.720 --> 00:38:15.700
Fire safety.
682
00:38:16.640 --> 00:38:21.300
A fire breathing dragon is not the worst description of the forest walker.
683
00:38:21.795 --> 00:38:22.855
It eats wood,
684
00:38:23.395 --> 00:38:30.214
combusted at very high temperatures, and excretes carbon. And it does so in an extremely flammable environment.
685
00:38:31.075 --> 00:38:33.095
Bad mix for 1 forest walker,
686
00:38:33.395 --> 00:38:34.375
worse for many.
687
00:38:35.130 --> 00:38:38.829
One must take extreme pains to ensure that during normal operation,
688
00:38:39.369 --> 00:38:41.309
a forest walker could fall over,
689
00:38:41.770 --> 00:38:43.549
walk through tender dry brush,
690
00:38:43.849 --> 00:38:48.750
or get pounded into the ground by a meteorite from Krypton, and it wouldn't destroy
691
00:38:49.335 --> 00:38:51.994
epic swaths of trees and baby deer.
692
00:38:52.375 --> 00:38:57.994
I envision an ultimate test of the prototype to include dousing it in grain alcohol
693
00:38:58.295 --> 00:39:12.900
while it's wrapped up in toilet paper like a pledge at a fraternity party. If it runs for 72 hours and doesn't set everything on fire, then maybe outside entities won't be fearful of something that walks around forest with a constant fire in its belly.
694
00:39:14.160 --> 00:39:14.980
The wrap.
695
00:39:16.800 --> 00:39:17.860
How we think
696
00:39:18.765 --> 00:39:21.744
about what can be done with and adjacent to Bitcoin
697
00:39:22.605 --> 00:39:26.385
is at least as important as Bitcoin's economic standing itself.
698
00:39:27.484 --> 00:39:32.865
For those who tell me that this entire idea is without merit, I say, okay. Fine.
699
00:39:33.390 --> 00:39:35.010
You can come up with something too.
700
00:39:36.190 --> 00:39:39.970
What can we plug Bitcoin into that, like a battery,
701
00:39:40.750 --> 00:39:42.690
make something that does not work,
702
00:39:43.230 --> 00:39:43.730
work?
703
00:39:44.510 --> 00:39:46.930
That's the lesson I get from this entire exercise.
704
00:39:47.385 --> 00:39:52.285
No one was ever going to hire teams of humans to go out and clean the forest.
705
00:39:52.665 --> 00:39:54.125
There's no money in that.
706
00:39:54.665 --> 00:40:00.125
The data collection and sales from such an endeavor might provide revenues over the break even point,
707
00:40:00.570 --> 00:40:01.790
but investment demands
708
00:40:02.090 --> 00:40:04.350
alpha in this day and age but
709
00:40:04.890 --> 00:40:08.590
plug bitcoin into an almost viable system and voila
710
00:40:09.290 --> 00:40:11.550
we tip the scales to achieve liftoff
711
00:40:12.905 --> 00:40:13.805
let's face it
712
00:40:14.665 --> 00:40:19.005
we haven't scratched the surface of Bitcoin's forcing function on our minds
713
00:40:19.865 --> 00:40:21.085
not because it's Bitcoin
714
00:40:22.265 --> 00:40:24.285
but because of what that invention
715
00:40:24.665 --> 00:40:25.165
means
716
00:40:26.210 --> 00:40:31.029
The question that pushes me to approach things this way is what can we create
717
00:40:31.569 --> 00:40:34.869
that one system's waste is another system's feedback?
718
00:40:36.930 --> 00:40:38.710
The Forest Walker's system's
719
00:40:39.195 --> 00:40:42.815
only real waste is the conversion of low entropy energy
720
00:40:44.795 --> 00:40:46.975
into high entropy energy
721
00:40:49.115 --> 00:40:51.855
All other output is beneficial to humanity.
722
00:40:52.950 --> 00:40:53.450
Bitcoin,
723
00:40:54.230 --> 00:40:54.890
I believe,
724
00:40:55.349 --> 00:40:58.250
is the first product of a new mode of human imagination.
725
00:40:59.190 --> 00:41:03.690
An imagination newly forged over the past millennia of being lied to,
726
00:41:04.230 --> 00:41:05.290
stolen from,
727
00:41:05.765 --> 00:41:06.265
distracted,
728
00:41:06.645 --> 00:41:08.185
and otherwise misallocated
729
00:41:08.645 --> 00:41:10.585
to a black hole of the nonsensical.
730
00:41:11.685 --> 00:41:13.065
We are waking up.
731
00:41:14.005 --> 00:41:16.505
What I have presented is not science fiction.
732
00:41:17.125 --> 00:41:20.585
Everything I have described here is well within the realm of possibility.
733
00:41:21.660 --> 00:41:23.280
The question is one of viability,
734
00:41:23.900 --> 00:41:28.720
at least in terms of the detritus of the old world we find ourselves departing from.
735
00:41:29.339 --> 00:41:31.680
This system would take a nontrivial
736
00:41:31.980 --> 00:41:34.160
amount of time and resources to develop.
737
00:41:34.965 --> 00:41:38.345
I think the system would garner extensive long term contracts
738
00:41:38.725 --> 00:41:41.385
from those who have the most to lose from wildfires,
739
00:41:41.925 --> 00:41:43.545
the most to gain from hyper
740
00:41:43.925 --> 00:41:45.465
hyper accurate datasets,
741
00:41:45.845 --> 00:41:49.705
and, of course, securing the most precious asset in the world.
742
00:41:50.360 --> 00:41:55.660
Many may not see it that way for they seek alpha and are therefore blind to other possibilities.
743
00:41:56.680 --> 00:41:58.780
Others will see only the possibilities
744
00:41:59.640 --> 00:42:01.180
of thinking in a new way
745
00:42:01.480 --> 00:42:03.180
of looking at things differently
746
00:42:03.735 --> 00:42:04.475
and dreaming
747
00:42:05.015 --> 00:42:06.475
of what comes next.
748
00:42:10.695 --> 00:42:15.675
That's the end of the article, and I hope you enjoyed it. I hope you got something out of it.
749
00:42:16.350 --> 00:42:16.850
Yes.
750
00:42:17.630 --> 00:42:18.610
There are issues.
751
00:42:19.390 --> 00:42:26.130
But, of course, there's issues. But there's issues with any idea. Could you imagine, like, you know, I don't know, something that we use every day
752
00:42:26.830 --> 00:42:28.050
being first introduced?
753
00:42:29.045 --> 00:42:31.545
Car, plane, cell phone, you name it, man,
754
00:42:32.005 --> 00:42:40.265
microphone. Yeah. I'm gonna invent this thing where you speak into it, and it's gonna record your voice. You that is, I mean, that is, like, ubiquitous
755
00:42:40.565 --> 00:42:42.345
today. But back then
756
00:42:43.890 --> 00:42:45.670
back then in Edison's time,
757
00:42:46.290 --> 00:42:46.790
man,
758
00:42:47.250 --> 00:42:53.829
you're that I thought that was a hard that was a hard sell for anybody to believe that that would even be possible.
759
00:42:54.770 --> 00:42:55.589
Right? So
760
00:42:56.035 --> 00:42:58.535
like I said at the end of this, none of this is impossible.
761
00:42:59.315 --> 00:43:01.734
Now there's there is, like, a a
762
00:43:02.035 --> 00:43:02.935
clear issue.
763
00:43:03.475 --> 00:43:04.775
What about snow?
764
00:43:05.155 --> 00:43:13.540
No. You're not gonna operate this thing in the snow. The fleet has to actually go somewhere else. Right? It has to go, you know, down south or something like that.
765
00:43:14.000 --> 00:43:19.060
This this can be a migratory fleet. You could put them on you could put them on cattle trucks
766
00:43:19.440 --> 00:43:20.980
and move them around the country.
767
00:43:21.280 --> 00:43:23.620
So if it's, like, too snowy up in Colorado,
768
00:43:24.345 --> 00:43:29.325
screw it. You take them down to West Texas and use the whole damn fleet to pull and cut,
769
00:43:29.625 --> 00:43:43.240
you know, mesquite trees out of the ground. And mesquite trees, by the way, are an invasive species. They were never supposed to be there in the first place. We brought them in to West Texas for to stabilize soil, and they just went apeshit.
770
00:43:43.940 --> 00:43:46.039
And they're everywhere. And they cause problems.
771
00:43:46.819 --> 00:43:52.119
You know? I mean, it's like it's it's it's not it's a it's a product that we could easily
772
00:43:52.420 --> 00:43:52.995
chop down
773
00:43:53.955 --> 00:44:00.935
and burn as, you know, fuel for the Forest Walker system, and then the damn thing grows back from its roots. It's like an
774
00:44:01.315 --> 00:44:01.975
an unending
775
00:44:02.275 --> 00:44:02.775
continuous
776
00:44:03.635 --> 00:44:06.055
stream of low density fuel.
777
00:44:06.355 --> 00:44:06.435
It's
778
00:44:07.960 --> 00:44:10.620
I think that this is a good system. Right?
779
00:44:11.240 --> 00:44:17.820
Can this thing operate in the rain? Well, no. Not really. Not because it'll fry its electrical systems, but because the wood is moist.
780
00:44:18.280 --> 00:44:20.780
So, yes, there are going to be seasons
781
00:44:21.204 --> 00:44:24.665
that this thing actually can operate in certain climates.
782
00:44:25.045 --> 00:44:28.984
And when that region or when that climate is no longer conducive
783
00:44:29.285 --> 00:44:30.505
for Forest Walker,
784
00:44:30.805 --> 00:44:34.105
you bring in the trucks and you ship them to somewhere where it's dry.
785
00:44:34.490 --> 00:44:38.829
And you just you just migrate these things. I mean, ruminants migrated.
786
00:44:39.770 --> 00:44:43.309
The great, you know, huge herds of bison
787
00:44:43.609 --> 00:44:51.595
migrated to and fro, up and down, south and north and west and east, and they they did it all year round. And they
788
00:44:52.535 --> 00:44:59.435
necessarily perform their function while they did it over vast tracks of multiple different climates
789
00:45:00.690 --> 00:45:05.990
because they were able to move. So, yes, while there are some some clear issues with this,
790
00:45:06.290 --> 00:45:08.950
there's no way that I could have addressed everything.
791
00:45:09.570 --> 00:45:11.430
I still think the core idea
792
00:45:12.050 --> 00:45:12.790
is viable.
793
00:45:14.085 --> 00:45:18.665
But I'll let that leave that up to you to decide. Let's run the numbers.
794
00:45:28.820 --> 00:45:35.960
The CNBC Futures and Commodities. West Texas Intermediate Oil is down almost a point, but still chilling out at $78.8
795
00:45:37.380 --> 00:45:38.119
per barrel.
796
00:45:38.420 --> 00:45:41.560
Brent Norcey down 2 thirds of a point to 8047.
797
00:45:42.100 --> 00:45:45.065
Natural gas is up point 2% to $3.94
798
00:45:46.005 --> 00:45:47.385
a 1000 cubic feet.
799
00:45:47.685 --> 00:45:50.744
Gasoline is up almost a full point to $2.12
800
00:45:51.285 --> 00:45:55.305
a gallon. Gold is up a quarter of a point. Silver is up a half.
801
00:45:55.860 --> 00:45:58.920
Platinum is down 2 and a half, copper is up 0.16%,
802
00:45:59.540 --> 00:46:00.360
while palladium
803
00:46:00.740 --> 00:46:01.720
is up 0.7%.
804
00:46:03.140 --> 00:46:08.280
Let's see about Ag. What's Ag doing? Mostly in the red this morning or this afternoon,
805
00:46:08.705 --> 00:46:12.405
depending on when you get this. Lumber is the biggest loser of the day. 2.57
806
00:46:12.785 --> 00:46:13.765
percent of the downside.
807
00:46:14.305 --> 00:46:21.045
Biggest winner is wheat, half a point to the upside. But live cattle is up a half as well. Lean hogs are up 1.34
808
00:46:21.665 --> 00:46:23.020
percent and feeder
809
00:46:23.560 --> 00:46:25.420
cattle are up a half of percent.
810
00:46:26.200 --> 00:46:27.900
The Dow is down point 13.
811
00:46:28.680 --> 00:46:37.500
S and P is down a third. Nasdaq is down almost a full half point. And the S and P mini is down a third of a point. And Bitcoin,
812
00:46:38.155 --> 00:46:41.055
well, it looks like it's kinda recovering a little bit. $95,600
813
00:46:42.155 --> 00:46:42.975
no. $960,
814
00:46:44.075 --> 00:46:45.295
that gives it a $1,900,000,000,000
815
00:46:46.395 --> 00:46:52.680
market cap, and we can get 36 ounces of shiny metal rocks with our 1 Bitcoin, of which there are 19,809,932
816
00:46:55.220 --> 00:46:56.120
and a half of.
817
00:46:56.420 --> 00:46:59.800
And average fees per block are still low at 0.05
818
00:47:00.740 --> 00:47:01.240
BTC
819
00:47:02.020 --> 00:47:05.425
on a per block basis. And there are a mere
820
00:47:05.725 --> 00:47:06.225
33
821
00:47:06.605 --> 00:47:09.025
blocks carrying a 133 unconfirmed
822
00:47:09.485 --> 00:47:09.985
133,000,
823
00:47:10.765 --> 00:47:12.625
excuse me, unconfirmed transactions
824
00:47:13.005 --> 00:47:17.585
waiting to clear at high priorities of 5. Count them, 5 satoshis per vbyte.
825
00:47:17.920 --> 00:47:21.620
Low priority gonna get you in at 3. And the hash rate
826
00:47:22.000 --> 00:47:22.500
is
827
00:47:23.760 --> 00:47:24.260
777.5
828
00:47:25.360 --> 00:47:31.860
exahashes per second, and that is over a 1 week rolling average from Economies of Lies.
829
00:47:32.585 --> 00:47:34.765
You sit upon a throne of lies.
830
00:47:35.704 --> 00:47:39.404
Anyway, I got, at gave me 500 sats.
831
00:47:39.704 --> 00:47:41.244
Says, great show as always.
832
00:47:41.545 --> 00:47:47.164
Also, I just noticed that your intro and outro music sounds way cooler when played at 1.7x
833
00:47:47.785 --> 00:47:49.380
speed. See for yourself.
834
00:47:50.400 --> 00:47:51.619
Wartime with 333
835
00:47:52.320 --> 00:47:55.780
says fire and cheers. And Mark with 210
836
00:47:56.400 --> 00:48:02.260
says thank you sir, no thank you. And that was it. That's that's all I got for Economies of Lies.
837
00:48:02.994 --> 00:48:08.375
Oh, man. Sad puppy eyes. I'm giving y'all sad puppy eyes. That's the weather report.
838
00:48:18.810 --> 00:48:25.390
Welcome to part 2 of the news you can use. Italy's largest bank enters crypto market with a $1,000,000
839
00:48:27.050 --> 00:48:33.070
Bitcoin investment. Oh, for god's sakes. It's barely worth even talking about. But Zoltan Vardai,
840
00:48:33.505 --> 00:48:35.845
maybe he's got more of a point here in Cointelegraph.
841
00:48:37.345 --> 00:48:39.765
Italy's largest bank, Intesa
842
00:48:40.385 --> 00:48:40.885
Sanpaolo,
843
00:48:41.665 --> 00:48:45.765
became the first Italian bank to make a Bitcoin investment, purchasing
844
00:48:46.260 --> 00:48:49.800
all of a whopping 11 BTC for about €1,000,000
845
00:48:50.660 --> 00:48:51.320
or $1,020,000
846
00:48:53.140 --> 00:48:54.920
yesterday, January 13th.
847
00:48:56.020 --> 00:48:59.480
The investment comes just over a month after Bitcoin hit
848
00:49:00.095 --> 00:49:01.154
the 1,000
849
00:49:01.615 --> 00:49:02.755
or sorry. $108,000
850
00:49:03.934 --> 00:49:04.755
mark in December.
851
00:49:05.135 --> 00:49:08.355
The news emerged from a leaked internal email by Niccolo
852
00:49:08.734 --> 00:49:09.234
Bardisocia,
853
00:49:10.734 --> 00:49:13.875
head of digital assets trading at Intesa Sanpaolo.
854
00:49:14.790 --> 00:49:17.530
And in the email, he wrote, as of today,
855
00:49:18.230 --> 00:49:20.970
13th day of January 2025, Intesa
856
00:49:21.350 --> 00:49:24.330
owns 11 Bitcoin. Thank you to everyone
857
00:49:24.710 --> 00:49:25.610
for the teamwork.
858
00:49:26.150 --> 00:49:30.525
This result would not have been possible without each and every one of you.
859
00:49:31.085 --> 00:49:32.545
While Intesa Sanpaolo
860
00:49:33.244 --> 00:49:36.625
has not responded to a request for comment, the bank confirmed
861
00:49:37.005 --> 00:49:40.305
the Bitcoin acquisition with the media outlet Wired.
862
00:49:40.765 --> 00:49:43.825
The Italian bank's investment comes during a period of increasing
863
00:49:44.440 --> 00:49:52.860
institutional interest in BTC, which saw Bitcoin exchange reserve sink to a near 7 year low on January 13th
864
00:49:53.320 --> 00:49:56.220
as crypto hedge funds bought the dip, reinforcing
865
00:49:56.520 --> 00:50:03.045
expectations of a supply shock, which occurs when strong buyer demand meets a decreasing amount of BTC
866
00:50:03.665 --> 00:50:05.525
leading to price appreciation.
867
00:50:06.224 --> 00:50:14.005
And then they go on to talk more about institutions buying the dip. So two things here. The the largest bank in Italy
868
00:50:14.349 --> 00:50:15.890
has bought 11 BTC.
869
00:50:16.910 --> 00:50:21.010
The second thing is, that's not a lot of Bitcoin for a bank the size of
870
00:50:21.470 --> 00:50:22.609
Intesa Sanpaolo.
871
00:50:23.390 --> 00:50:25.250
So my presumption here,
872
00:50:25.630 --> 00:50:27.250
they're just testing the waters.
873
00:50:27.605 --> 00:50:31.065
I wouldn't put too much stock in it. I mean, they did buy it,
874
00:50:31.365 --> 00:50:44.640
but we'll have to see if they immediately don't punch out of it, you know, get lettuce hands and figure out that this is just too scary of a situation for them. But the third thing is is the 7 year low
875
00:50:45.660 --> 00:50:46.640
of institutionally
876
00:50:47.019 --> 00:50:48.640
held or or rather
877
00:50:49.099 --> 00:50:53.599
exchange held Bitcoin reserves on January 13th. That was just yesterday.
878
00:50:54.485 --> 00:50:55.625
7 year
879
00:50:56.165 --> 00:50:56.665
low.
880
00:50:57.765 --> 00:50:58.825
And we are just
881
00:50:59.445 --> 00:51:07.280
counting the days away from when orange man sits in the chair so that we can figure out what the hell he's gonna do. Jesse Coughlin
882
00:51:07.580 --> 00:51:10.960
is gonna tell us about what he might do from Cointelegraph
883
00:51:11.740 --> 00:51:17.040
with this one entitled Donald Trump could issue crypto executive orders on 1st day
884
00:51:17.340 --> 00:51:18.640
according to a report.
885
00:51:20.075 --> 00:51:20.895
US president-elect
886
00:51:21.355 --> 00:51:28.174
Donald Trump's 1st day back in the White House on January 20th could see him sign a flurry of executive orders,
887
00:51:28.474 --> 00:51:30.734
some of which could impact the crypto industry.
888
00:51:31.310 --> 00:51:39.170
The Washington Post reported on January 13th that Trump is expected to sign executive orders after taking office next week
889
00:51:39.470 --> 00:51:41.410
covering crypto de banking
890
00:51:41.869 --> 00:51:49.155
and repealing a bank accounting policy that requires banks holding crypto to list the digital assets as a liability.
891
00:51:50.415 --> 00:51:54.994
Quote, the Trump team has made it very clear that this is a priority
892
00:51:55.375 --> 00:51:57.234
a person involved with the conversations
893
00:51:57.535 --> 00:51:58.515
told The Post.
894
00:51:59.310 --> 00:52:02.930
Crypto executives have long accused president Joe Biden's administration
895
00:52:03.310 --> 00:52:08.290
of using financial regulators to pressure banks to cut off the industry from financial services
896
00:52:08.830 --> 00:52:11.970
under operation choke point 2.0. Meanwhile,
897
00:52:12.865 --> 00:52:19.685
the industry has been pushing back against the policy to report crypto as a liability, which came about through a March 2022
898
00:52:20.065 --> 00:52:21.685
Securities and Exchange Commission
899
00:52:22.065 --> 00:52:24.725
staff accounting bulletin called SAB
900
00:52:25.025 --> 00:52:25.525
121.
901
00:52:26.870 --> 00:52:29.210
Reuters also reported on December 23rd
902
00:52:29.590 --> 00:52:41.130
that crypto industry officials were pushing Trump to issue crypto related executive orders within his first 100 days of office, and some expected at least one would come by on day 1.
903
00:52:42.225 --> 00:52:54.565
Well, the post also reported that Trump's crypto and artificial intelligence czar, David Sack, posted a luncheon for tech execs and government officials on December 20th, where he said Trump would revoke Biden's sweeping 2023
904
00:52:55.025 --> 00:52:58.350
AI executive order, which was described among conservatives
905
00:52:58.730 --> 00:53:03.150
as language saying AI must operate in a manner that advances equity,
906
00:53:03.770 --> 00:53:05.390
whatever the hell that means.
907
00:53:06.090 --> 00:53:07.070
You wanna talk
908
00:53:07.530 --> 00:53:09.790
talk about a very broad
909
00:53:10.595 --> 00:53:11.734
and widely
910
00:53:12.434 --> 00:53:12.934
worded
911
00:53:13.395 --> 00:53:15.095
possible sentence there?
912
00:53:15.714 --> 00:53:16.994
I mean, what the hell
913
00:53:17.795 --> 00:53:18.775
as long as
914
00:53:19.234 --> 00:53:21.974
it it it can operate in a manner that advances
915
00:53:22.515 --> 00:53:23.015
equity.
916
00:53:23.850 --> 00:53:25.950
The hell does that even mean? Whatever.
917
00:53:26.330 --> 00:53:33.870
VC Marc Andreessen, known for backing tech and crypto companies, has also reportedly been helping build Trump's incoming administration behind the scenes.
918
00:53:34.410 --> 00:53:46.244
The post reported that since Trump's election, he frequently visited the president elect's base of operations at his Florida Mar a Lago club and has been recruiting and screening candidates for spots in the administration.
919
00:53:47.665 --> 00:53:53.525
Andreessen's sway isn't just overpicks for government tech leaders, but also for defense and intelligence
920
00:53:53.825 --> 00:53:54.325
roles.
921
00:53:54.950 --> 00:53:58.490
During his campaign, Trump quoted the crypto industry with promises
922
00:53:58.950 --> 00:54:03.050
of making a country or the country a crypto capital
923
00:54:03.510 --> 00:54:07.290
and promising a Bitcoin strategic reserve. Yes. We all know. So
924
00:54:07.590 --> 00:54:08.410
day 1,
925
00:54:09.085 --> 00:54:12.465
let's not forget what his actual promise for day 1
926
00:54:13.005 --> 00:54:13.985
really was.
927
00:54:17.485 --> 00:54:20.305
Ross. Free Ross day 1.
928
00:54:20.605 --> 00:54:21.585
Free Ross
929
00:54:21.965 --> 00:54:22.705
day 1.
930
00:54:23.200 --> 00:54:24.980
On day 1, you free Ross.
931
00:54:25.360 --> 00:54:30.980
That's the first thing that you do. You don't do any of this other bullshit first. Your first act
932
00:54:31.600 --> 00:54:34.660
as president, mister orange man, is to free
933
00:54:35.040 --> 00:54:36.820
Ross Ulbricht from prison.
934
00:54:38.005 --> 00:54:44.985
Get him out of there. Then you can play with your Bitcoin or do whatever it is that you do there, mister Trump. Now, from
935
00:54:45.925 --> 00:54:47.225
this next thing,
936
00:54:47.605 --> 00:54:50.825
well, Coinbase scores another win against arbitrary
937
00:54:51.125 --> 00:54:51.945
and capricious
938
00:54:52.770 --> 00:54:53.830
SEC order.
939
00:54:54.370 --> 00:54:59.190
Sander Lutz is writing this one for decrypt. It looks like Coinbase has won another one.
940
00:55:00.050 --> 00:55:03.030
A panel of federal appeals court judges in Philadelphia
941
00:55:03.490 --> 00:55:05.110
dealt yet another blow
942
00:55:05.575 --> 00:55:07.995
to the SEC's crypto regime Monday,
943
00:55:08.535 --> 00:55:11.195
emerging as the latest prominent court to question
944
00:55:11.575 --> 00:55:16.075
how the federal agency has navigated its regulation of digital assets.
945
00:55:17.175 --> 00:55:21.470
The US court of appeals and the 3rd circuit court ruled today in favor of Coinbase,
946
00:55:21.770 --> 00:55:26.270
which sued the SEC last year over the agency's refusal to
947
00:55:26.570 --> 00:55:27.070
explicitly
948
00:55:28.170 --> 00:55:28.670
explicitly
949
00:55:29.369 --> 00:55:33.550
lay out its crypto policy. Instead of putting forth crypto specific rules,
950
00:55:33.905 --> 00:55:38.005
the SEC has instead sporadically sued crypto firms. And today,
951
00:55:38.385 --> 00:55:42.484
a 3 judge panel comprised of 2 Democrats and 1 Republican
952
00:55:43.185 --> 00:55:48.405
ruled that the SEC's dismissive response to Coinbase's request for crypto specific rulemaking
953
00:55:49.200 --> 00:55:49.940
was unacceptable.
954
00:55:50.440 --> 00:55:50.940
Quote,
955
00:55:51.440 --> 00:55:54.580
because we believe the SEC's order was conclusory
956
00:55:55.440 --> 00:55:56.339
and insufficiently
957
00:55:56.640 --> 00:55:59.140
reasoned and thus arbitrary and capricious,
958
00:56:00.160 --> 00:56:00.980
we grant
959
00:56:01.280 --> 00:56:06.835
Coinbase's petition in part and remand to the SEC for a more complete explanation,
960
00:56:07.775 --> 00:56:12.195
today's order reads. The judges added that they declined, however,
961
00:56:12.655 --> 00:56:17.635
to force the SEC to create crypto specific rules as Coinbase
962
00:56:18.015 --> 00:56:18.835
had requested.
963
00:56:19.380 --> 00:56:24.279
According to judge Thomas Ambrose, a Clinton era democrat who wrote Monday's opinion,
964
00:56:24.740 --> 00:56:29.319
previous case law established that an agency like the SEC could only be forced
965
00:56:29.859 --> 00:56:32.279
to create rules against its will
966
00:56:32.664 --> 00:56:35.325
if an extreme delay in creating those rules
967
00:56:36.265 --> 00:56:43.325
quote endangered human lives, a requirement clearly not met by crypto regulated or or related regulations.
968
00:56:44.424 --> 00:56:44.924
So
969
00:56:45.430 --> 00:56:53.450
the SEC doesn't have to issue new crypto rules now, but it must explain to Coinbase in much greater detail why it has, thus far,
970
00:56:53.910 --> 00:56:55.210
refused to do so.
971
00:56:55.990 --> 00:57:01.665
Rather than force the agency to make a rule, we order it to explain its decision not to.
972
00:57:02.125 --> 00:57:10.225
Judge Stefanos Bibas, a Republican appointed by the court or to the court by Donald Trump, wrote Monday in a concurring opinion, quote, indeed,
973
00:57:10.685 --> 00:57:14.305
a rule may not prove necessary to solve the problem here.
974
00:57:14.700 --> 00:57:18.320
The agency could just state its position on crypto assets
975
00:57:18.700 --> 00:57:19.200
unequivocally.
976
00:57:20.700 --> 00:57:23.119
Bemis warned the SEC that its explanation
977
00:57:23.580 --> 00:57:30.000
should tackle the question head on and not avoid it. Quote, it should not give another poor explanation
978
00:57:30.435 --> 00:57:34.215
in an already long line of them, he said of the agency.
979
00:57:35.155 --> 00:57:38.215
Coinbase chief legal officer, Paul Gruel,
980
00:57:38.675 --> 00:57:42.775
celebrated the posting or the ruling in a post on Twitter,
981
00:57:43.119 --> 00:57:51.460
taking no apparent issue with the court's refusal to force the SEC to create new crypto rules. And it's very sad that Paul Gruel's,
982
00:57:52.160 --> 00:57:58.180
Twitter account has a dot eth name on it. It's really sick sickening to see an adult
983
00:57:58.785 --> 00:58:03.765
play that stupid ass game. But, quote, we appreciate the court's careful consideration, he wrote,
984
00:58:04.224 --> 00:58:05.045
when asked
985
00:58:05.744 --> 00:58:14.339
when the SEC plans to release an explanation of its crypto policies or what such an ex explanation might look like, an agency spokesperson
986
00:58:14.640 --> 00:58:20.580
told Decrypt that those matters are currently being considered internally. Quote, we're reviewing the decision
987
00:58:20.960 --> 00:58:25.060
and will determine next steps as appropriate, the spokesperson said.
988
00:58:25.875 --> 00:58:29.255
For years, SEC chair Gary Gensler has insisted
989
00:58:29.635 --> 00:58:31.575
that his agency's crypto policy
990
00:58:32.035 --> 00:58:33.335
needs no explanation
991
00:58:33.795 --> 00:58:35.175
given their supposedly
992
00:58:35.635 --> 00:58:36.375
self evident
993
00:58:36.675 --> 00:58:39.335
compliance with existing securities laws.
994
00:58:39.890 --> 00:58:40.790
And that stance
995
00:58:41.170 --> 00:58:43.750
has made him plenty of enemies in the sector.
996
00:58:44.450 --> 00:58:44.950
Further,
997
00:58:45.410 --> 00:58:49.990
a recent string of federal court rulings appear to have begun to take issue with the chair's narrative,
998
00:58:50.370 --> 00:58:53.830
coloring the SEC's treatment of crypto firms as unusual
999
00:58:54.765 --> 00:58:57.105
and worthy of legal review. Uh-oh.
1000
00:58:57.724 --> 00:59:00.865
Those potential legal cracks in the SEC's crypto regime
1001
00:59:01.325 --> 00:59:06.385
have come just days before it is likely to collapse from the shift in political tides.
1002
00:59:07.240 --> 00:59:09.980
Gensler is going to resign on January 20th,
1003
00:59:10.440 --> 00:59:12.780
the same day as Donald Trump's inauguration.
1004
00:59:13.320 --> 00:59:16.540
The chair's likely replacement, former SEC comissioner
1005
00:59:17.320 --> 00:59:19.660
Paul Atkins, is a crypto enthusiast
1006
00:59:20.035 --> 00:59:26.775
who is almost certain to reverse the agency's aggressive treatment of digital assets. Which means what, ladies and gentlemen?
1007
00:59:27.395 --> 00:59:30.775
You get to see a lot more posting about XRP.
1008
00:59:31.235 --> 00:59:36.120
That's right. Ripple is gonna be probably the largest winner of this entire debacle.
1009
00:59:36.740 --> 00:59:39.400
I'm not saying that Ginzer is a good guy.
1010
00:59:40.580 --> 00:59:42.600
He clearly screwed this up.
1011
00:59:43.300 --> 00:59:44.200
But now,
1012
00:59:44.595 --> 00:59:45.095
I
1013
00:59:45.474 --> 00:59:50.855
mean, if if it's if this guy's like a, you know, a complete crypto enthusiast
1014
00:59:51.555 --> 00:59:52.935
and he's a shit coiner,
1015
00:59:53.474 --> 00:59:54.295
then it's
1016
00:59:54.595 --> 00:59:56.295
it's no hold bars
1017
00:59:57.220 --> 01:00:01.560
at the feeding trough of all the scammers that are wishing,
1018
01:00:02.340 --> 01:00:03.320
just hoping
1019
01:00:03.620 --> 01:00:04.520
and waiting
1020
01:00:04.820 --> 01:00:06.040
to separate you
1021
01:00:06.820 --> 01:00:07.800
from your Bitcoin.
1022
01:00:08.260 --> 01:00:11.400
Don't do it, don't do it, don't do it. Okay.
1023
01:00:11.780 --> 01:00:12.280
So,
1024
01:00:13.145 --> 01:00:16.365
that is all the news that I think is fit
1025
01:00:16.825 --> 01:00:20.365
to bring you this morning. We are at exactly
1026
01:00:21.145 --> 01:00:23.325
dead on 60 minutes right now,
1027
01:00:23.625 --> 01:00:27.325
and that is the target time that I like for the Bitcoin and podcast.
1028
01:00:27.900 --> 01:00:30.000
I really hope you enjoyed
1029
01:00:30.539 --> 01:00:31.359
the article,
1030
01:00:31.660 --> 01:00:32.480
Forrest Walker.
1031
01:00:32.780 --> 01:00:34.160
Please do me a favor.
1032
01:00:35.099 --> 01:00:36.240
Go to
1033
01:00:36.619 --> 01:00:39.359
my, Noster profile if you follow me
1034
01:00:39.915 --> 01:00:45.695
and look for that. I'll I'll be reposting those, the medium and the Yaki Hani,
1035
01:00:46.795 --> 01:00:49.535
URLs to that article throughout the week.
1036
01:00:49.995 --> 01:00:53.695
Please grab them and please send them to your family and friends
1037
01:00:54.030 --> 01:00:58.190
and so they can read it. And I will also put those,
1038
01:00:58.590 --> 01:01:05.970
URLs in today's show notes because it's going to you know, it's clearly I I read the article, so I should probably link to the article today.
1039
01:01:07.085 --> 01:01:12.385
Send that around the horn and get your family and friends and anybody else to send it to your social media
1040
01:01:12.765 --> 01:01:19.825
and try to get them to listen to the Bitcoin and podcast so that, you know, I can grow the show, grow the audience,
1041
01:01:20.289 --> 01:01:23.750
and possibly get into a better position to bring you
1042
01:01:24.369 --> 01:01:25.190
more stuff
1043
01:01:25.490 --> 01:01:28.630
in the future because I really wanna do that. It's just,
1044
01:01:29.009 --> 01:01:33.829
you know, without steady income from this show, it's very hard to do
1045
01:01:34.745 --> 01:01:42.125
a whole lot of anything other than what I'm already doing, and I really wanna do that. And I I don't think it's right to just ask
1046
01:01:42.425 --> 01:01:43.885
my longtime listeners
1047
01:01:44.425 --> 01:01:45.645
to give me more.
1048
01:01:46.025 --> 01:01:47.565
If you wanna give me more,
1049
01:01:47.945 --> 01:01:49.485
then give me more listeners.
1050
01:01:50.580 --> 01:01:56.520
And then they will maybe a portion of them will possibly be able to throw me some satoshis
1051
01:01:56.900 --> 01:02:03.315
for the work that I do here at Bitcoin and for the 1,000 and 18th time,
1052
01:02:03.615 --> 01:02:06.275
I say I will see you on the other side.
1053
01:02:07.135 --> 01:02:14.915
This has been Bitcoin and and I'm your host, David Bennett. I hope you enjoyed today's episode and hope to see you again real soon.
1054
01:02:15.420 --> 01:02:15.920
Have
1055
01:02:18.024 --> 01:02:18.524
a
1056
01:02:20.629 --> 01:02:21.129
great
1057
01:02:23.234 --> 01:02:23.734
day.