WEBVTT
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00:00:26.080Four months, a big, big, and how long,
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00:00:27.380Dada Vault, a publicly, a publicly company, a
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00:00:36.660from an exchange, and their stock is now
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00:00:40.620showing that reality. Plus, the Fed held rates
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00:00:43.180while two officials pushed for a hike, and
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00:00:46.54070 ,000 Coinbase users just had their details
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00:00:50.480leaked. And finally, I've got here queued up,
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00:00:52.240teed up to watch in a little bit,
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00:00:55.940perhaps the strangest Bitcoin Core vulnerability disclosure I've
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00:00:57.220ever seen, so we're going to give that
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00:00:59.740a watch a little bit too. Strap in,
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00:01:01.840I'm Ben, with the BTC sessions. This is
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00:01:10.180Bitcast. The issue is not red or blue.
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00:01:12.200The issue is between the state and you.
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00:01:13.300It can be a little bit of a
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00:01:15.740warning sign. It gives you a tool to
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00:01:18.840empower. That sounds like a utopia, my friend.
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00:01:22.120It is. It's exactly a utopia. With Bitcoin,
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00:01:30.420no one can take it from you. Feels
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00:01:32.120kind of weird not to be dialing in
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00:01:35.600drunk at steakhouse in Switzerland. It does. It
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00:01:39.240does. It was the life. It was good.
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00:01:40.500Thanks for it. Thanks for holding down the
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00:01:43.880fort, boys. It's been, it was nice to
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00:01:46.300not have to stream at like midnight to
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00:01:49.540come over there. How is the week? That's
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00:01:52.820good. Busy. Tell you that. Yeah. Real busy.
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00:01:54.200A lot of some back. Thank you for
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00:01:57.300asking. Some fucking backend problems on day one.
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00:01:59.080But we got, we got it. Nate was
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00:02:00.920on it. We got sort of Yeah, Joe,
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00:02:03.700he always says back -end problems. Oh, when
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00:02:05.420you're not a coffee I drink, it's table
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00:02:09.640stakes. Well, jents, let's jump into it. Let's
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00:02:12.820talk about this treasury company, first off. So,
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00:02:17.340Datavalt, so their stock just cratered because they
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00:02:19.640informed investors. They haven't been able to withdraw
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00:02:23.120their Bitcoin from the exchange, which is bit
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00:02:27.820byconomy .com. It's been holding all their treasury
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00:02:32.720funds, and they've been requesting, for four months.
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00:02:34.280And I think I took a lot, a
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00:02:36.160look, the initial crash of the stock was
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00:02:38.360like 50%. So I guess that remaining 50
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00:02:40.760% is just straight up speculation that at
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00:02:42.840some point they'll be able to be able
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00:02:45.700to withdraw. But yeah, I mean, Jens, what
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00:02:47.160do you, what do you think about this?
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00:02:50.360Do you think there's possibilities that we see
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00:02:53.380other stuff like this in the future? Or
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00:02:55.580is this going to be relegated to relatively
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00:03:00.000unknown? What is bank?! I'm not, I'm not,
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00:03:02.400heard of this treasury company or this exchange
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00:03:06.080like these cannot be real things they all
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00:03:07.520they are real things yeah man just pull
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00:03:09.280up here because bennas soon did a little
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00:03:12.040bit it's crazy i got 700 bitcoin vault
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00:03:17.180here we're putting it in big conomy don't
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00:03:20.900you dare use by i'll find the details
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00:03:22.660but they're down 42 percent on the month
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00:03:23.440but i was like let me check out
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00:03:24.840like a little bit of a longer timeline
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00:03:28.080year to date down 88 point eight one
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00:03:32.540year 97 .57 .57. Not looking so great,
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00:03:33.640but let me get also I like how
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00:03:35.900they went for the AI play too. Like
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00:03:41.460they're just doing everything. Yeah, yeah, that's got
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00:03:43.900to be, it's like the, what was the,
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00:03:45.720the ice tea company that changed the Long
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00:03:48.640Island, Long Island blockchain, baby. Long Island, that's
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00:03:49.860what it was. Thank you. Do you mean,
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00:03:51.580what's that meme of the guy? The Long
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00:04:01.780Island, the tech company? Man, I mean, this
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00:04:04.140is why none of us will recommend that
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00:04:07.660you do anything but buy Bitcoin, right? Like,
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00:04:09.780you need to know that, and like, again,
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00:04:11.240I've been very vocal about this. Joey has
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00:04:13.440not been very vocal about it, but I,
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00:04:15.380you know, Joey and I both own MSTR,
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00:04:16.700right? Some of us just tell the truth
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00:04:18.820in public, others mislead their guests. That's fine.
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00:04:21.480To each their own cultural differences, Canadian stuff,
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00:04:26.500whatever. But the point is, this is why,
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00:04:29.000as I think as Bitcoiners like, it's really
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00:04:30.960hard to be like, yeah, you should do
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00:04:32.500anything but Bitcoin, because there's just so much
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00:04:34.660risk involved. Like, most of the benefits are
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00:04:36.040lost if a trusted third party is still
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00:04:37.740required, right? Like, when you are buying a
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00:04:41.060security that is like, there are so many
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00:04:44.500trusted third parties involved, right? And also, if
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00:04:46.020you get screwed and the stock goes to
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00:04:48.100zero, like, it's, you know, okay, you lose
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00:04:50.200all your Bitcoin in a, you know, freak
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00:04:52.940entropy accident or because you didn't have a,
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00:04:55.940you know, laboratory grade scale for measuring your
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00:04:59.440casino grade dice, like, whatever, that sucks. But
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00:05:01.800like, there's nobody to fall back on. There's
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00:05:03.080nobody to fall back on here either. Like,
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00:05:04.120you're not going to be able to, you're
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00:05:04.840not going to be able to sue these
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00:05:07.000guys, right? Like, they're maybe, okay, they get
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00:05:08.680tied up in lawsuits, well, the class action
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00:05:12.480lawsuit against Bitconomy or whatever this exchanges. That
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00:05:15.860sounds fake, honestly, like it sounds like a
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00:05:17.940fake exchange, but whatever. I think this is
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00:05:19.520just a great reminder that, like, that's why
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00:05:23.440everything that's not Bitcoin is pure speculation. Let
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00:05:25.800me put it that way. Yeah, people are,
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00:05:27.000the funny thing is people like to say,
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00:05:28.660oh, Bitcoin's just speculation. It's like, no, actually
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00:05:31.440Bitcoin's the thing you don't have to speculate
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00:05:34.900on. You don't have to make guesses about
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00:05:37.340what is the management team of Bitcoin going
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00:05:38.880to do. You don't have to make guesses
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00:05:42.700about dependencies on other external third parties that
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00:05:45.480your third parties, you don't have dependencies on.
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00:05:47.800You don't have to do that. You don't
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00:05:50.780have to speculate. You can just save. And
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00:05:52.020it may be boring and you may get
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00:05:53.680kind of like wrecked a lot of times.
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00:05:55.840And, you know, you may also lose a
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00:05:58.320bunch of money in a freak entropy accident.
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00:06:00.720or, you know, get $5 wrench attacked because
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00:06:03.480every single Bitcoin hardware wallet company leaked your
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00:06:06.060home address. But like, hey, it could be
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00:06:07.740worse, you know, you could be down 97
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00:06:10.080% on some shit coin, uh, shit coin
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00:06:12.680equivalent of, you know, treasury stock. Like, I
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00:06:14.980don't know, stick with Bitcoin friends. Stick with
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00:06:17.820Bitcoin. End of mini rent. Agreed. Joey, your
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00:06:19.040thoughts? By the way, it looks like I
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00:06:20.600was trying to figure it out. So, uh,
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00:06:23.800Datavalt is in Philadelphia and Bitcoin, I couldn't
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00:06:25.840get confirmation of where they're actually head, uh,
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00:06:28.800headquartered. There's some suggestions. it might be Singapore,
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00:06:30.340but I can't say that for certain. I
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00:06:32.220was going to guess the Caymans, you know.
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00:06:37.980Jeez. Bahamas, like, you know, it's just fake.
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00:06:43.760Okay, so by economy, again, fake name, has,
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00:06:46.100just in my quick research here, about 115
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00:06:52.500million under management, and then has this $93
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00:06:58.240million dollar, like, freeze on an American. companies
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00:07:01.860Bitcoin who chose not to use Coinbase or
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00:07:05.640fidelity or that's the mind blowing part. Well,
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00:07:07.180this makes me, honestly, Walker, makes me think
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00:07:09.040something fishy is going on. This is how
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00:07:11.500it makes me feel. Yeah, like something is
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00:07:13.520up here. Why would this company with that
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00:07:16.060much money not go to one of the
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00:07:19.380more well -known, more, you know, I don't
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00:07:20.460want to say ethical because I just don't
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00:07:22.000know what they're thinking, but like the more
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00:07:26.880recognizable and, you know, maybe more legitimate custody
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00:07:29.500providers. Like what, what is the rationale for
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00:07:31.760going to these guys? We've been doing this
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00:07:34.400podcast for a year, almost, if you can
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00:07:37.240believe it. And in that year, we have
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00:07:40.860not once mentioned on the periphery as part
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00:07:43.640of the main line, either of these companies,
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00:07:45.920ever, ever. We've never heard of them. We
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00:07:47.820talk about custody. We talk, we've never mentioned
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00:07:49.720these companies. None of us have ever heard
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00:07:52.060of these companies in the decade leading up
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00:07:55.560to this podcast. They've never come across our,
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00:07:58.280I think something's amiss here. How many Bitcoin
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00:08:00.240did they lose? Or how many Bitcoin are?
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00:08:02.120I think it's 820 or so. They're looking
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00:08:04.980to get back. 820. Yeah. It wasn't a
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00:08:07.180small amount to pay $93 million or so,
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00:08:08.380right? I think that's the number. And so
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00:08:10.840that's very cool. So, Joey, just to add
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00:08:12.140to that, I've been able to track. I'm
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00:08:13.680trying to get like some more information out
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00:08:14.800to try and pull this apart a little
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00:08:16.320bit. Because you're right. It seems like the
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00:08:19.600Bitcoin moved between accounts within Biconomy. And why
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00:08:20.640would they go with them as well, too?
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00:08:23.800Well, Data Vault also has their own token.
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00:08:27.080It was also listed on Biconomy. Okay. And
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00:08:30.360so I'm. I'm wondering if maybe we had
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00:08:32.420a token for token for claim behind the
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00:08:34.340scenes to try and justify or have all
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00:08:36.320that was necessary up there. Okay. Fix the
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00:08:38.580books up or something. Something going on there
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00:08:40.900because there's no, there's no rationale. Now, what
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00:08:43.700I'd like to know is, uh, is the
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00:08:49.140CEO of Bikonomy of Cayman Island descent. I
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00:08:51.020would love to know this because to me,
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00:08:52.760this is the last piece of the puzzle.
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00:08:55.080If we can pin this guy's lineage to
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00:08:57.120the Caymans, we can just wrap this story
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00:08:58.840up, and go to the next story. There's
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00:09:00.680nothing else to talk about here. This guy,
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00:09:03.040this is already suspicious. What's that? Are you
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00:09:06.720sleuthing right now? Yes. Hell yeah, he is.
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00:09:08.580It'll be solid. We gotta find this out.
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00:09:10.200Because, because there's no other reason why you
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00:09:12.020would ever do this. But there's so many
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00:09:14.280options. And God knows, like any properly run
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00:09:17.060company, you'd never get this past your board.
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00:09:18.460Your board of directors is never going to
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00:09:21.360go. We're going with byconomy. I'm thinking bi
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00:09:27.980-conomy. Looks like Dubai. Okay. All right. And
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00:09:32.680he's actually, like, from Dubai or residency there?
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00:09:34.740Whereas I couldn't find where he personally lives.
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00:09:36.620His public appearances point to Dubai in April
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00:09:38.64025. He gave a keynote a blockchain disrupt
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00:09:41.020in Dubai and sat on an exchange panel
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00:09:44.420at coin. Was it Forenix? For instance, X,
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00:09:46.100also in Dubai. Where the company is, the
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00:09:48.020answers don't match, which is working, which is
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00:09:50.780worth knowing itself. Early on, it called itself
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00:09:55.300Canadian in 2021. Released from Toronto as leading
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00:09:59.040cryptocurrency exchange in Canada, right? Damn that. Today,
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00:10:01.760recent profiles say it's registered in British Virgin
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00:10:04.480Isles based in Dubai. There we go. There
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00:10:06.500we go. How about that? There you go.
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00:10:07.400So it looks like we got some sneaky
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00:10:10.300money moving. But again, it's legit. For sure.
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00:10:12.820Where's Zach XPT? Zachsbt should be spending some
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00:10:14.120time on this. That's the guy we need
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00:10:16.760on this story. Yeah, he's incredible. Hell yeah,
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00:10:28.160he is. we've seen from hardware wallets to
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00:10:29.280even we'll talk about a little bit later
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00:10:31.540some some issues maybe in core that have
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00:10:34.300been patched there's already so much infrastructure there
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00:10:35.760why do you want to layer on top
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00:10:38.200of it the decisions of another company plus
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00:10:41.600their infrastructure how they're automating withdraws and deposits
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00:10:43.160and things of that nature you're just adding
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00:10:45.500additional layers that even just software risk you
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00:10:46.900don't want to necessarily be exposed there but
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00:10:49.480ben i'm curious your thoughts yeah i mean
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00:10:51.800again i think joey's right the whole thing
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00:10:54.960just seems super fishy like you've got that
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00:10:58.080that kind of a stack and you're going
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00:11:00.560to toss it with like whatever the hell
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00:11:03.980this company. Okay, one other thing, like, not
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00:11:06.460to, you know, continue to be Smirch MVP,
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00:11:08.460but did he also fail to recognize this
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00:11:10.540company in his treasuries list? Are they even
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00:11:12.600on, are they even on Bitcoin Treasuries? I'll
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00:11:14.640find out. Like, that's another thing. Like, these
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00:11:16.280guys are just completely under the radar on
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00:11:18.300that, too. Come on. I don't believe this
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00:11:21.540for a second. Yeah, yeah, fair. Well, while
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00:11:23.100you guys look that up, I want to
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00:11:26.600pull up the next thing here. So, uh,
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00:11:30.780we see, we see, saw the Fed and
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00:11:35.140they held rates. So we have, here's a
253
00:11:35.140 -->
00:11:37.820summary of the Fed decision. As of today,
254
00:11:37.820 -->
00:11:41.320Fed leaves interest rates unchanged after September hike.
255
00:11:41.320 -->
00:11:44.420Rate pause was a 10 -2 decision with
256
00:11:44.420 -->
00:11:47.440Cook and Hammack dissenting in favor of a
257
00:11:47.440 -->
00:11:50.800rate hike. Fed says economic activity is expanding
258
00:11:50.800 -->
00:11:53.500at a strong pace, and the Fed says
259
00:11:53.500 -->
00:11:57.660inflation remains elevated and seeks more information that
260
00:11:57.660 -->
00:12:01.920geopolitical developments are contributing to uncertainty and they
261
00:12:01.920 -->
00:12:05.340reassert that the committee will deliver price stability
262
00:12:05.340 -->
00:12:08.520higher for longer continues at the Fed from
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00:12:08.520 -->
00:12:13.660a Kobayasi letter uh bitcoin did get a
264
00:12:13.660 -->
00:12:16.420little bump obviously we had a dump uh
265
00:12:16.420 -->
00:12:18.960probably immediately after i took a picture of
266
00:12:18.960 -->
00:12:21.600myself riding the bull in lugano uh so
267
00:12:21.600 -->
00:12:23.520my bad on that guys but uh it
268
00:12:23.520 -->
00:12:27.860seems that the fed has reversed my poor
269
00:12:27.860 -->
00:12:33.220drunk photography decisions. So here we are. I
270
00:12:33.220 -->
00:12:34.840mean, we were chatting about, we've been chatting
271
00:12:34.840 -->
00:12:37.460chatting about this for a while, but, uh,
272
00:12:37.460 -->
00:12:39.620you know, we were, we've been speculating for
273
00:12:39.620 -->
00:12:41.060a little bit whether or not there'd be
274
00:12:41.060 -->
00:12:42.660a hike or whether they're just going to
275
00:12:42.660 -->
00:12:45.060sit on it here. Uh, do you think
276
00:12:45.060 -->
00:12:46.800the midterms has a lot to do with
277
00:12:46.800 -->
00:12:49.840this or? Honestly, no. Like, if I thought
278
00:12:49.840 -->
00:12:50.900the midterms were at play, I would think
279
00:12:50.900 -->
00:12:52.720that they wouldn't have hiked. And you had
280
00:12:52.720 -->
00:12:54.600two dissenting voices out of the 12 there
281
00:12:54.600 -->
00:12:56.860and they were, uh, sorry, I had the
282
00:12:56.860 -->
00:12:58.900background, sorry. I believe that you, I think
283
00:12:58.900 -->
00:13:00.160this was probably the smart play because of
284
00:13:00.160 -->
00:13:01.580the midterms, but we had two descending voices
285
00:13:01.580 -->
00:13:02.860there that did want to hike. Now, I'm
286
00:13:02.860 -->
00:13:04.740guessing that anybody else involved maybe want to
287
00:13:04.740 -->
00:13:06.760wait for later. Plus, the economic data doesn't
288
00:13:06.760 -->
00:13:09.120look. I mean, the inflation seems largely rooted
289
00:13:09.120 -->
00:13:10.860in energy. So I'm not, I think this
290
00:13:10.860 -->
00:13:13.060probably was the right call. And maybe, Joy,
291
00:13:13.060 -->
00:13:13.920I'll go to you and get your thoughts
292
00:13:13.920 -->
00:13:15.260only because we also had a decision from
293
00:13:15.260 -->
00:13:18.220Canada today, too. I mean, Canada's decision is
294
00:13:18.220 -->
00:13:19.400hilarious. We can talk about that if you
295
00:13:19.400 -->
00:13:21.800want. But the Fed one is interesting to
296
00:13:21.800 -->
00:13:23.200me for two reasons. One of them is
297
00:13:23.200 -->
00:13:24.600around the election, this one and the one
298
00:13:24.600 -->
00:13:26.280of 28. And then the other reason is
299
00:13:26.280 -->
00:13:28.940because of the dissent. The dissenters were Lisa
300
00:13:28.940 -->
00:13:33.060Cook, who is like ultra dove. And to
301
00:13:33.060 -->
00:13:36.680see her go that direction, I find that
302
00:13:36.680 -->
00:13:38.800a bit strange. We talked a lot on
303
00:13:38.800 -->
00:13:40.440the show about, like, the idea that the
304
00:13:40.440 -->
00:13:42.160Fed is looking to establish credibility. I think
305
00:13:42.160 -->
00:13:47.180they've probably done it here. The midterms and
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00:13:47.180 -->
00:13:50.360the 28 election are interesting, you know, sort
307
00:13:50.360 -->
00:13:52.320of points of focus now for me for
308
00:13:52.320 -->
00:13:56.520two reasons. One, I think that the Fed
309
00:13:56.520 -->
00:13:59.660really does become much more politicized if the
310
00:13:59.660 -->
00:14:02.080Democrats win in a week or a week
311
00:14:02.080 -->
00:14:04.080and a half or so. Because if they
312
00:14:04.080 -->
00:14:05.160win a week and a half or so,
313
00:14:05.160 -->
00:14:07.360then any move they make will be perceived
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00:14:07.360 -->
00:14:11.320as trying to hurt Democrats in the national
315
00:14:11.320 -->
00:14:15.660election in 28 or help Republicans or vice
316
00:14:15.660 -->
00:14:17.300versa. And so, like, you kind of are
317
00:14:17.300 -->
00:14:19.800stuck at that point. And I realize that
318
00:14:19.800 -->
00:14:21.620Warsh and the Federal Reserve generally tried not
319
00:14:21.620 -->
00:14:25.180to be political. But you can't sit on
320
00:14:25.180 -->
00:14:27.540your hands for 24 months if you're the
321
00:14:27.540 -->
00:14:29.980Federal Reserve, not in this environment. So I
322
00:14:29.980 -->
00:14:31.780don't know whether they'd actually prefer to see
323
00:14:31.780 -->
00:14:35.600a Republican win in two weeks or not,
324
00:14:35.600 -->
00:14:36.780but it would at least give them a
325
00:14:36.780 -->
00:14:38.240little more cover. And then the other side
326
00:14:38.240 -->
00:14:39.140of that point or the other part of
327
00:14:39.140 -->
00:14:41.340that argument, I guess, is that, you know,
328
00:14:41.340 -->
00:14:43.060almost no matter who wins in 28, the
329
00:14:43.060 -->
00:14:45.440pressure is going to be to cut. Republicans
330
00:14:45.440 -->
00:14:47.560want rates down. The president talks about it
331
00:14:47.560 -->
00:14:49.360all the time. On the Democrat side, you
332
00:14:49.360 -->
00:14:51.080have the Liz Warrens and sort of her
333
00:14:51.080 -->
00:14:53.740ilk and her tribe there, no pun intended,
334
00:14:53.740 -->
00:14:56.080talking about how they want rates down and
335
00:14:56.080 -->
00:14:59.180writing open letters to Federal Reserve Chairman to
336
00:14:59.180 -->
00:15:01.200the Reserve Chairman and to the Fed Board
337
00:15:01.200 -->
00:15:04.000saying, look, we can't, Americans need this, the
338
00:15:04.000 -->
00:15:05.480lower half of the K, blah, blah, blah,
339
00:15:05.480 -->
00:15:08.740blah. In Canada, we decided to hike. And
340
00:15:08.740 -->
00:15:11.640I'm like, not surprised, but I'm always reminded.
341
00:15:11.640 -->
00:15:13.580It's kind of jarring. Every time I mention
342
00:15:13.580 -->
00:15:15.800anything about, rate cuts around the time of
343
00:15:15.800 -->
00:15:18.780the decision. And by the way, I wasn't
344
00:15:18.780 -->
00:15:21.980alone yesterday posting threads on why the bank
345
00:15:21.980 -->
00:15:24.940cannot, or shouldn't raise, I should say, does
346
00:15:24.940 -->
00:15:28.820not support a raise and hike in rates.
347
00:15:28.820 -->
00:15:30.900Employment data is not good. It's an energy
348
00:15:30.900 -->
00:15:32.980shock. And the fact of the matter is
349
00:15:32.980 -->
00:15:34.120the U .S. can do whatever they want
350
00:15:34.120 -->
00:15:35.560with rates because they have a growth engine
351
00:15:35.560 -->
00:15:37.360to turn up and down. And we don't
352
00:15:37.360 -->
00:15:39.040have that growth engine. The growth engine is
353
00:15:39.040 -->
00:15:40.160in real estate. And by the way, our
354
00:15:40.160 -->
00:15:42.260government knows this because they're trying to ramp
355
00:15:42.260 -->
00:15:45.340up immigration. Yet again, to support housing. And
356
00:15:45.340 -->
00:15:47.680so, like, we are in a different boat
357
00:15:47.680 -->
00:15:49.080entirely than the United States. And I think
358
00:15:49.080 -->
00:15:50.560a lot of people in my replies are
359
00:15:50.560 -->
00:15:52.760talking about how you got to think about
360
00:15:52.760 -->
00:15:54.820the cost of energy. You got to think
361
00:15:54.820 -->
00:15:56.560about employment. You got to think about what
362
00:15:56.560 -->
00:15:57.840the U .S. is going to do. You
363
00:15:57.840 -->
00:16:00.740have to think about blah, blah, blah. No,
364
00:16:00.740 -->
00:16:03.300the Canadian BOC is a single mandate bank.
365
00:16:03.300 -->
00:16:05.200They care about price stability. That's it. They
366
00:16:05.200 -->
00:16:06.540don't have any other mandate. There's no mandate
367
00:16:06.540 -->
00:16:08.220on employment like the U .S. has. There's
368
00:16:08.220 -->
00:16:10.540no broader mandate like the ECB talks about.
369
00:16:10.540 -->
00:16:12.500These guys are, the ECB is actually a
370
00:16:12.500 -->
00:16:15.220one. officially a one mandate bank too, but
371
00:16:15.220 -->
00:16:17.280they also have some other documents around like
372
00:16:17.280 -->
00:16:18.860what they think about when they look at
373
00:16:18.860 -->
00:16:22.440rates. I think that what's going to happen
374
00:16:22.440 -->
00:16:25.080here is the same thing that always happens.
375
00:16:25.080 -->
00:16:26.020The Fed is going to chase the two
376
00:16:26.020 -->
00:16:27.480-year. They're going to be six months late.
377
00:16:27.480 -->
00:16:29.280People will complain they did something too early,
378
00:16:29.280 -->
00:16:30.960complain they didn't do enough, whatever. And then
379
00:16:30.960 -->
00:16:33.180heading toward the election in 28, you're going
380
00:16:33.180 -->
00:16:34.780to see fireworks in bonds. You're going to
381
00:16:34.780 -->
00:16:36.900see fireworks in the political side of things.
382
00:16:36.900 -->
00:16:38.260And you're going to see fireworks in Fed
383
00:16:38.260 -->
00:16:41.540pressure. These guys know that if they win
384
00:16:41.540 -->
00:16:44.120in 28, the Democratic. know that if they
385
00:16:44.120 -->
00:16:47.020win next week, between next week and 28,
386
00:16:47.020 -->
00:16:48.740they want no cuts. They want race to
387
00:16:48.740 -->
00:16:52.440stay high. They want the economy to drag,
388
00:16:52.440 -->
00:16:55.060if not go, if not chopped, chopped downward
389
00:16:55.060 -->
00:16:57.020for that period of time. And the Republicans
390
00:16:57.020 -->
00:16:59.000want the opposite. I mean, for us in
391
00:16:59.000 -->
00:17:01.220Bitcoin, it's great to see that we don't
392
00:17:01.220 -->
00:17:02.880respond to rate movements the way we did
393
00:17:02.880 -->
00:17:05.020three years ago. But let's face it, like
394
00:17:05.020 -->
00:17:08.600lower rates is bad for Dixie, good for
395
00:17:08.600 -->
00:17:11.100us. That's a pretty solid lever to kind
396
00:17:11.100 -->
00:17:13.320of like keep in mind. And, you know,
397
00:17:13.320 -->
00:17:13.760if you know, if you're not, not getting
398
00:17:13.760 -->
00:17:15.280that move, then you got to get your
399
00:17:15.280 -->
00:17:16.940next sort of bump in price from somewhere
400
00:17:16.940 -->
00:17:18.240else. And right now, we're still looking for
401
00:17:18.240 -->
00:17:24.220that somewhere else. Maybe it'll come from the
402
00:17:24.220 -->
00:17:30.580following. Daily dividends. My guy, Mike. There you
403
00:17:30.580 -->
00:17:33.320go. Are you happy with him now, Joey?
404
00:17:33.320 -->
00:17:35.320Yeah, Joey. I don't have him. The whole
405
00:17:35.320 -->
00:17:39.020time. Let's be honest here. I don't have
406
00:17:39.020 -->
00:17:41.260any shrine in his room. Should we buy
407
00:17:41.260 -->
00:17:43.240SDRC, Walker? You want to start an SDRC
408
00:17:43.240 -->
00:17:44.760podcast? We can shed the books. There you
409
00:17:44.760 -->
00:17:47.580go. There you go. I was getting shit.
410
00:17:47.580 -->
00:17:50.100I was getting shit. You had Adam Livingston
411
00:17:50.100 -->
00:17:53.800on somebody. I was gone for like one
412
00:17:53.800 -->
00:17:56.700week. I was like, oh, god damn it.
413
00:17:56.700 -->
00:17:59.860Joe, we ran into some guest issues on
414
00:17:59.860 -->
00:18:03.340Friday and Joe Coe said, you know, if
415
00:18:03.340 -->
00:18:04.540we need some way, we can try and
416
00:18:04.540 -->
00:18:05.860get Livingston. I was going to try and
417
00:18:05.860 -->
00:18:08.840get Cratter, to be honest with you. Oh.
418
00:18:08.840 -->
00:18:11.380Can you imagine? But I settled on Livingston.
419
00:18:11.380 -->
00:18:12.560He was good guest. I know people don't
420
00:18:12.560 -->
00:18:13.880agree with the Treasury thing. but I thought
421
00:18:13.880 -->
00:18:15.320he was a good guest. I know he
422
00:18:15.320 -->
00:18:16.440was, he did a wonderful job. He was
423
00:18:16.440 -->
00:18:17.600a wonderful guest. I'll give you that. But
424
00:18:17.600 -->
00:18:19.400I was just laughing from my hotel room,
425
00:18:19.400 -->
00:18:21.440my beautiful hotel room was like, Jesus Christ,
426
00:18:21.440 -->
00:18:22.820like I've only got for a week. And
427
00:18:22.820 -->
00:18:24.840already, we've turned into truer north. All right,
428
00:18:24.840 -->
00:18:27.880I know this is going. So the story
429
00:18:27.880 -->
00:18:32.000here, MSTR shareholders have approved the Daily Dividends
430
00:18:32.000 -->
00:18:36.860Amendment preliminary results show 99 .3 % of
431
00:18:36.860 -->
00:18:40.520both cast were in favor. So it enables
432
00:18:40.520 -->
00:18:44.560their slew of products to accrue dividends every
433
00:18:44.560 -->
00:18:50.760calendar day. Now, this obviously to like a
434
00:18:50.760 -->
00:18:54.500yes and to what Strive is doing, but
435
00:18:54.500 -->
00:18:57.720remember, just a week ago, Strive with the
436
00:18:57.720 -->
00:19:05.34015 % dividends there, is this even enough?
437
00:19:05.340 -->
00:19:07.640Like, is this going to tell me, tell
438
00:19:07.640 -->
00:19:11.060me, Walker. Is it enough? I mean, it's
439
00:19:11.060 -->
00:19:14.100always been enough, right? This is the thing.
440
00:19:14.100 -->
00:19:17.540You contrast this, I literally have already forgotten
441
00:19:17.540 -->
00:19:20.040the name of this, this treasury company that
442
00:19:20.040 -->
00:19:23.920allegedly had many tens of millions of dollars
443
00:19:23.920 -->
00:19:27.840in Bitcoin. Data Vault, yes. They got Vault
444
00:19:27.840 -->
00:19:30.700in the name. Oh, my God. Sorry, I
445
00:19:30.700 -->
00:19:33.520think it was Data Vault AI, because I
446
00:19:33.520 -->
00:19:36.380think it's Data Vault AI now. Exactly. So,
447
00:19:36.380 -->
00:19:39.640great, nice keywords in there, guys. You contrast
448
00:19:39.640 -->
00:19:43.200that with what Sailor has been doing for
449
00:19:43.200 -->
00:19:46.460you. years. Like, it surprises me, it doesn't
450
00:19:46.460 -->
00:19:47.680surprise him when Joey fades him because I
451
00:19:47.680 -->
00:19:49.480know Joey secretly loves him and he's a
452
00:19:49.480 -->
00:19:52.420huge MSTR bold. That's fine. It's fine. But
453
00:19:52.420 -->
00:19:54.800what surprises me is when people still fade
454
00:19:54.800 -->
00:19:56.760Sailor, as it's like, oh, they got him
455
00:19:56.760 -->
00:19:58.660this time. Like, how are you going to
456
00:19:58.660 -->
00:20:01.160wiggle your way out of this one, Mike?
457
00:20:01.160 -->
00:20:03.060And it's like, wiggles his way out because
458
00:20:03.060 -->
00:20:05.560it's, he actually is fucking not an idiot
459
00:20:05.560 -->
00:20:08.080and knows what he's doing. And as, I
460
00:20:08.080 -->
00:20:09.860don't think people understand a conviction that this
461
00:20:09.860 -->
00:20:13.000guy has. Like, if you're a fading sailor
462
00:20:13.000 -->
00:20:15.700right now, And you haven't, again, as I've
463
00:20:15.700 -->
00:20:17.240recommended people, do, go back and listen to
464
00:20:17.240 -->
00:20:19.440a bunch of the early podcasts he did
465
00:20:19.440 -->
00:20:22.960especially, like, this guy was, has been on
466
00:20:22.960 -->
00:20:26.300a like mind -bending exploration of Bitcoin. He's
467
00:20:26.300 -->
00:20:28.700gone down the rabbit hole in ways many
468
00:20:28.700 -->
00:20:30.840of us have, but, you know, few people
469
00:20:30.840 -->
00:20:32.180in the world have because we're still a
470
00:20:32.180 -->
00:20:35.680tiny minority. He fucking gets Bitcoin. He understands
471
00:20:35.680 -->
00:20:38.400it very well. His first Bitcoin purchase was
472
00:20:38.400 -->
00:20:41.72010 ,000 Bitcoin personally. Like, have you ever
473
00:20:41.720 -->
00:20:44.640heard Eric Weiss tell that story? It's incredible.
474
00:20:44.640 -->
00:20:46.580He's basically like, yeah, so Michael finally bought
475
00:20:46.580 -->
00:20:47.840and he says, you know, oh, Eric, I
476
00:20:47.840 -->
00:20:50.540bought, you know, got 10 ,000. And Eric's
477
00:20:50.540 -->
00:20:52.020like, oh, $10 ,000. That's nice, Mike. He's
478
00:20:52.020 -->
00:20:55.160like, no, 10 ,000 Bitcoin. And like, just
479
00:20:55.160 -->
00:20:56.720lump some, just, I'm just going to buy
480
00:20:56.720 -->
00:20:58.78010 ,000 Bitcoin. Why did I have to
481
00:20:58.780 -->
00:21:00.700be poor when I discovered Bitcoin? Like, this
482
00:21:00.700 -->
00:21:03.020is so frustrating. Like, he just comes in,
483
00:21:03.020 -->
00:21:04.820it's like just 10 ,000 and like, no,
484
00:21:04.820 -->
00:21:07.680not even concerned about it. I mean, yeah.
485
00:21:07.680 -->
00:21:10.500So, but like, he has a vested interest
486
00:21:10.500 -->
00:21:13.480at a personal level and at his company.
487
00:21:13.480 -->
00:21:18.180level of making sure Bitcoin succeeds. He's going
488
00:21:18.180 -->
00:21:20.500to make sure his company succeeds too. I
489
00:21:20.500 -->
00:21:23.900think MSTR, STRs, all their other products, like,
490
00:21:23.900 -->
00:21:25.880you know, I haven't gone deep enough down
491
00:21:25.880 -->
00:21:27.220the rabbit hole of all their other because
492
00:21:27.220 -->
00:21:29.540they do have like a whole alphabet soup
493
00:21:29.540 -->
00:21:31.980of different products. I think obviously STRC has
494
00:21:31.980 -->
00:21:34.460the most kind of like broad appeal. And
495
00:21:34.460 -->
00:21:36.100whatever you might think about, like his digital
496
00:21:36.100 -->
00:21:38.860credit, you know, phrasing and whatnot, like it
497
00:21:38.860 -->
00:21:40.740doesn't fucking matter how he phrased it. This
498
00:21:40.740 -->
00:21:42.120product isn't for you. This product isn't for
499
00:21:42.120 -->
00:21:43.960you. This product isn't for Bitcoiners. Bitcoiners are
500
00:21:43.960 -->
00:21:45.860going to buy Bitcoin, right? And maybe they'll
501
00:21:45.860 -->
00:21:47.860buy MSTR because they want, they have some
502
00:21:47.860 -->
00:21:50.000money tied up in a retirement account or
503
00:21:50.000 -->
00:21:51.800something like that, that they want a little
504
00:21:51.800 -->
00:21:55.600bit of, you know, Bitcoin -esque exposure without
505
00:21:55.600 -->
00:21:58.480owning the underlying. But STRC is like, it's
506
00:21:58.480 -->
00:22:02.140not a product for, like, young, toxic Bitcoin
507
00:22:02.140 -->
00:22:04.460maximalists online. He's not trying to appeal to
508
00:22:04.460 -->
00:22:07.220you. Understand that when you start to critique
509
00:22:07.220 -->
00:22:09.220his framing of things. He's doing it very
510
00:22:09.220 -->
00:22:11.840purposefully. He's been the CEO of a publicly
511
00:22:11.840 -->
00:22:14.980traded company for decades. He's had a shitload
512
00:22:14.980 -->
00:22:17.300of media training. He knows what he's supposed
513
00:22:17.300 -->
00:22:19.620to say and what he's not. So, I
514
00:22:19.620 -->
00:22:22.880don't know. I'm bullish. I don't recommend anyone
515
00:22:22.880 -->
00:22:27.720buy STRC or MSTR. I personally own MSTR.
516
00:22:27.720 -->
00:22:30.280Again, I just recommend you buy Spock Bitcoin
517
00:22:30.280 -->
00:22:31.560and, you know, make sure you get your
518
00:22:31.560 -->
00:22:34.260casino grade dice, you know, get six different
519
00:22:34.260 -->
00:22:36.320PO boxes and have a mail forwarder, like
520
00:22:36.320 -->
00:22:39.780a courier, go between them. Laboratory grade scale,
521
00:22:39.780 -->
00:22:41.280using the entropy of the sun to give
522
00:22:41.280 -->
00:22:45.240you additional randomness. Pretty standard stuff there. Yeah,
523
00:22:45.240 -->
00:22:47.140just pretty easy stuff, guys. Self -Cust is
524
00:22:47.140 -->
00:22:50.580easy. I also had a delightful electrical engineer,
525
00:22:50.580 -->
00:22:52.160I believe it was, or electronics engineer in
526
00:22:52.160 -->
00:22:54.160Switzerland, answer a question for me that you
527
00:22:54.160 -->
00:22:56.480could not measure the changes in power being
528
00:22:56.480 -->
00:22:58.440eaten up by the device to detect whether
529
00:22:58.440 -->
00:23:01.200or not it actually had basically a bug
530
00:23:01.200 -->
00:23:02.960had the antenna in it, because it's going
531
00:23:02.960 -->
00:23:05.200to be fun. It's dependent on the battery.
532
00:23:05.200 -->
00:23:06.120It's not going to be charging or draining
533
00:23:06.120 -->
00:23:07.880from the battery at the same time. So,
534
00:23:07.880 -->
00:23:10.040unfortunately, you know, getting an Ome reading on
535
00:23:10.040 -->
00:23:11.680or voltage reading on how much we're pulling
536
00:23:11.680 -->
00:23:13.320into the device, can't be used, but that
537
00:23:13.320 -->
00:23:16.160laboratory scale there is still really important. One
538
00:23:16.160 -->
00:23:17.360thing I should go to throw to you,
539
00:23:17.360 -->
00:23:18.800Joey, just because I'm kind of curious here,
540
00:23:18.800 -->
00:23:20.340because I was just taking a look. We've
541
00:23:20.340 -->
00:23:22.640got now, so Stretch is looking pretty good.
542
00:23:22.640 -->
00:23:25.340It's at 99 .83 at the moment. Seta
543
00:23:25.340 -->
00:23:27.760is still at 97, a little bit below,
544
00:23:27.760 -->
00:23:28.720a little bit down. And, of course, they
545
00:23:28.720 -->
00:23:29.820have the new product as well, which is
546
00:23:29.820 -->
00:23:31.740not a variable rate on. So I don't
547
00:23:31.740 -->
00:23:33.360think it's supposed to target any value. It's
548
00:23:33.360 -->
00:23:35.340just trading freely on the market there. But
549
00:23:35.340 -->
00:23:37.040do you think that the new Sats product
550
00:23:37.040 -->
00:23:39.920is pulling away demand from SETA, from their
551
00:23:39.920 -->
00:23:43.560preferred there? Yeah, I do. Any other questions?
552
00:23:43.560 -->
00:23:46.080Yeah. I do. And other thing, too, is
553
00:23:46.080 -->
00:23:49.340that STRC, so you may recall, we talked
554
00:23:49.340 -->
00:23:51.320about this, but it's worth repeating. The reason
555
00:23:51.320 -->
00:23:55.800that SETA did a lot better than STRC
556
00:23:55.800 -->
00:23:58.440during that big drawdown event is because there's
557
00:23:58.440 -->
00:24:00.940no drift when people have to come in
558
00:24:00.940 -->
00:24:02.640and out at the beginning of every day.
559
00:24:02.640 -->
00:24:04.600STRC did not have that. STRC was having
560
00:24:04.600 -->
00:24:06.940people exit and then re -enter on dividend
561
00:24:06.940 -->
00:24:08.060days. So once you get to the X
562
00:24:08.060 -->
00:24:09.740dividend date, that's when people re -buy, that's
563
00:24:09.740 -->
00:24:10.540when people re -buy, and that's when you
564
00:24:10.540 -->
00:24:12.140see the price move back up. I would
565
00:24:12.140 -->
00:24:13.420expect to see a lot of the volatility
566
00:24:13.420 -->
00:24:16.600and the price of STRC disappear now, which
567
00:24:16.600 -->
00:24:19.660is exactly what Sailor, I believe, wants. I
568
00:24:19.660 -->
00:24:21.880continue to wonder, and like Walker said, I
569
00:24:21.880 -->
00:24:24.220have MSTR now, and I, you know, it's
570
00:24:24.220 -->
00:24:27.320Wednesday, bought some more today. You're welcome for
571
00:24:27.320 -->
00:24:29.080people who are enjoying the price action on
572
00:24:29.080 -->
00:24:32.440that. I contributed to the upside. The thing
573
00:24:32.440 -->
00:24:34.480I still don't really have a handle on
574
00:24:34.480 -->
00:24:36.840is how much more the market will tolerate
575
00:24:36.840 -->
00:24:39.420being diluted. We did do a quick MSTR
576
00:24:39.420 -->
00:24:41.200hit when you guys were gone, and it
577
00:24:41.200 -->
00:24:44.280was a number. another ATM where they were
578
00:24:44.280 -->
00:24:48.400selling MSTR to buy STRC back. So my
579
00:24:48.400 -->
00:24:51.900main criticism is still the same. And it's
580
00:24:51.900 -->
00:24:54.940that at some point, a rational market looks
581
00:24:54.940 -->
00:24:56.680at this and goes, I don't know why
582
00:24:56.680 -->
00:24:58.980I'm holding MSTR. The other stuff pays a
583
00:24:58.980 -->
00:25:01.020dividend. The other stuff, you know, to quote
584
00:25:01.020 -->
00:25:02.000someone in the chat. Why are you holding
585
00:25:02.000 -->
00:25:04.160it, Joey? Are you irrational? No, I think
586
00:25:04.160 -->
00:25:05.960that it's going to go to like 350,
587
00:25:05.960 -->
00:25:07.060but I don't know how much higher than
588
00:25:07.060 -->
00:25:08.180that it will go. And to be honest
589
00:25:08.180 -->
00:25:11.940with you, I, if it keeps deluding, then
590
00:25:11.940 -->
00:25:13.700he's got to find new buyers for that
591
00:25:13.700 -->
00:25:16.240somewhere. And that's the other thing, like, with
592
00:25:16.240 -->
00:25:18.520these other options now, how many people are
593
00:25:18.520 -->
00:25:20.100going to say, you know what, I kind
594
00:25:20.100 -->
00:25:22.880of would just want the monthly or daily,
595
00:25:22.880 -->
00:25:25.680I guess, every calendar day on top of,
596
00:25:25.680 -->
00:25:27.100you know, the business days, right? Like, how
597
00:25:27.100 -->
00:25:29.120many people are going to go, is it
598
00:25:29.120 -->
00:25:30.780safer to be in this other stuff? Even
599
00:25:30.780 -->
00:25:33.380if they're not Walker, like we always say,
600
00:25:33.380 -->
00:25:34.880you know, even if they're not part of
601
00:25:34.880 -->
00:25:37.600that risk profile that wants steady income, like
602
00:25:37.600 -->
00:25:39.360I don't want to be the last guy
603
00:25:39.360 -->
00:25:41.640at the table when the market decides I've
604
00:25:41.640 -->
00:25:43.960had enough the dilution. And I think, you
605
00:25:43.960 -->
00:25:45.140know, it's worth mentioning, one of the things
606
00:25:45.140 -->
00:25:48.320that might save Sailor is the rest of
607
00:25:48.320 -->
00:25:49.820the stock market is going to find out
608
00:25:49.820 -->
00:25:52.220what ATM means soon. And it's not just
609
00:25:52.220 -->
00:25:54.660a porn hub search. Okay. What it actually
610
00:25:54.660 -->
00:25:58.300means is these at the money equity offerings.
611
00:25:58.300 -->
00:25:59.120And do you know why they're going to
612
00:25:59.120 -->
00:26:01.340find out? Because you know which big company,
613
00:26:01.340 -->
00:26:03.860which big company who's been buying back like
614
00:26:03.860 -->
00:26:05.840hundreds of billions of dollars of stock over
615
00:26:05.840 -->
00:26:07.060the last few years is going to start
616
00:26:07.060 -->
00:26:09.700doing ATMs, meta, because they need to pay
617
00:26:09.700 -->
00:26:12.820for the capEx. in their AI stuff. And
618
00:26:12.820 -->
00:26:14.780that's in their S1 from the other day,
619
00:26:14.780 -->
00:26:16.200or not their S1, they're quarterly. That's a
620
00:26:16.200 -->
00:26:18.660good prediction. So fucking wait, because they're going
621
00:26:18.660 -->
00:26:21.500to start doing it too. And other people
622
00:26:21.500 -->
00:26:22.700are going to start talking about at the
623
00:26:22.700 -->
00:26:25.520money offerings. All at NASDAQ holders think about
624
00:26:25.520 -->
00:26:27.240now is, are there going to be buybacks
625
00:26:27.240 -->
00:26:30.140in my ticker? They're going to start thinking
626
00:26:30.140 -->
00:26:32.560about dilution because those guys suddenly have a
627
00:26:32.560 -->
00:26:33.740better use for the money than just buying
628
00:26:33.740 -->
00:26:36.140back the stock. Look out for that. Yep,
629
00:26:36.140 -->
00:26:37.780yep. Agreed. I do want to add there,
630
00:26:37.780 -->
00:26:39.500Joey, at least there's another cohort coming into
631
00:26:39.500 -->
00:26:41.360MSTR, and that'll be the data vault AI
632
00:26:41.360 -->
00:26:43.080customers once they respect it. It was the
633
00:26:43.080 -->
00:26:47.020wrong horse to bet on. True, true. Cool,
634
00:26:47.020 -->
00:26:49.700Bill flown in. All right, Jens, I'm going
635
00:26:49.700 -->
00:26:50.780to take us to break here. On the
636
00:26:50.780 -->
00:26:51.840other side of the break, we're going to
637
00:26:51.840 -->
00:26:56.940start off with that Coinbase data breach, just
638
00:26:56.940 -->
00:27:00.120piling on to all of the data breaches
639
00:27:00.120 -->
00:27:04.820and the minefield that is our current environment.
640
00:27:04.820 -->
00:27:07.160Is anybody safe? Probably not. So we're going
641
00:27:07.160 -->
00:27:08.540to dive into that and plenty more on
642
00:27:08.540 -->
00:27:10.220the other side of the break. smash that
643
00:27:10.220 -->
00:27:12.460like button, keep those comments coming, and we'll
644
00:27:12.460 -->
00:27:15.360be back in just a moment. You already
645
00:27:15.360 -->
00:27:16.600know that you can't leave your seed phrase
646
00:27:16.600 -->
00:27:18.100on paper. It needs to be on metal.
647
00:27:18.100 -->
00:27:19.240What you might not know is that more
648
00:27:19.240 -->
00:27:21.220Bitcoin has actually been lost and been stolen.
649
00:27:21.220 -->
00:27:22.980More than 10 times the amount ever hacked,
650
00:27:22.980 -->
00:27:24.780gone because someone lost their keys. Your biggest
651
00:27:24.780 -->
00:27:26.780risk isn't some shadowy supercoder, it's time in
652
00:27:26.780 -->
00:27:29.540the elements. That's why Stamseed uses titanium. Titanium
653
00:27:29.540 -->
00:27:31.240never rusts. Doesn't matter if it's a raging
654
00:27:31.240 -->
00:27:32.460housefire at the bottom of the ocean or
655
00:27:32.460 -->
00:27:33.720sitting at a desk drawer for 50 years,
656
00:27:33.720 -->
00:27:35.940titanium doesn't care. One salt piece, nothing to
657
00:27:35.940 -->
00:27:37.600come apart that you hammer in. By the
658
00:27:37.600 -->
00:27:38.580stamp seed kit, and as your set of
659
00:27:38.580 -->
00:27:40.360evolves, you just grab more. plates, stamp it
660
00:27:40.360 -->
00:27:42.220once and never worry about your backup again.
661
00:27:42.220 -->
00:27:43.680And for the advanced users, there's the clear
662
00:27:43.680 -->
00:27:45.580code set. Every letter, number, and symbol of
663
00:27:45.580 -->
00:27:47.480your full keyboard, no two characters alike, your
664
00:27:47.480 -->
00:27:50.020passphrase, your descriptor, backed up on titanium. This
665
00:27:50.020 -->
00:27:51.460is what I personally use and have for
666
00:27:51.460 -->
00:27:53.480years, so stop leaving yourself exposed. They're giving
667
00:27:53.480 -->
00:27:55.820you 15 % off with promo code Bitcasts
668
00:27:55.820 -->
00:27:57.320so that you finally get this done today.
669
00:27:57.320 -->
00:27:58.720Click the link in the description down below
670
00:27:58.720 -->
00:28:00.600or scan the QR code on the screen.
671
00:28:00.600 -->
00:28:02.300When it comes to peer -to -peer trading
672
00:28:02.300 -->
00:28:05.140and lending, instant self -ccustody and no K
673
00:28:05.140 -->
00:28:07.160-y -y -y -y -khoddle is the place
674
00:28:07.160 -->
00:28:08.920to be. You can sign up with just
675
00:28:08.920 -->
00:28:10.400an email address, and once you're there, you
676
00:28:10.400 -->
00:28:13.060can start browsing offers immediately, whether you're looking
677
00:28:13.060 -->
00:28:14.700to buy and sell, or whether you're looking
678
00:28:14.700 -->
00:28:16.900to lend or borrow. You can check them
679
00:28:16.900 -->
00:28:20.020out today at the links down below. Bitcoin
680
00:28:20.020 -->
00:28:21.800Well, you know them, you love them, longtime
681
00:28:21.800 -->
00:28:23.280supporter of the channel, and one of the
682
00:28:23.280 -->
00:28:25.400easiest places to buy Bitcoin directly to your
683
00:28:25.400 -->
00:28:26.900wallet in the U .S. and Canada. But
684
00:28:26.900 -->
00:28:28.540that's not all they do. So, for anyone
685
00:28:28.540 -->
00:28:29.980looking to make a big purchase, there is
686
00:28:29.980 -->
00:28:32.320Bitcoin Well infinite. Because the hard part is
687
00:28:32.320 -->
00:28:33.520in the buy, it's making sure you don't
688
00:28:33.520 -->
00:28:35.500leave a giant mess for your family. Taxes,
689
00:28:35.500 -->
00:28:37.560estate planning, even mining and lending, Bitcoin Well,
690
00:28:37.560 -->
00:28:39.660Infinite pairs you with your own dedicated advisor
691
00:28:39.660 -->
00:28:41.520to help you every step of the way.
692
00:28:41.520 -->
00:28:43.280And for the Americans, they're launching their own
693
00:28:43.280 -->
00:28:45.720Bitcoin IRA and the wait list is open,
694
00:28:45.720 -->
00:28:48.160verifiable, and on -chain. So, sign up today,
695
00:28:48.160 -->
00:28:50.620visit Bitcoinwell .com slash BTC sessions or scan
696
00:28:50.620 -->
00:28:54.000the QR code on the screen. All right,
697
00:28:54.000 -->
00:28:56.960let's take a look at this fun little
698
00:28:56.960 -->
00:29:00.040data breach. Also, I love there's actually a
699
00:29:00.040 -->
00:29:05.600community note on Coinbase themselves because they said
700
00:29:05.600 -->
00:29:09.540Coinbase has not had a data. breach, Amplitude,
701
00:29:09.540 -->
00:29:13.100an analytics vendor, experienced a security incident which
702
00:29:13.100 -->
00:29:16.720impacted a small subset of Coinbase customers, contact
703
00:29:16.720 -->
00:29:20.760data, among other Amplitude customers. We found no
704
00:29:20.760 -->
00:29:23.860evidence of unauthorized access to Coinbase systems and
705
00:29:23.860 -->
00:29:26.640customer funds were not impacted. We are notifying
706
00:29:26.640 -->
00:29:30.540impacted customers and regulatory agencies in accordance with
707
00:29:30.540 -->
00:29:35.080our legal obligations. Yeah, so the, uh, the,
708
00:29:35.080 -->
00:29:36.320the, the, oh, I'm sorry, did you get
709
00:29:36.320 -->
00:29:38.500caught like selling your data and you're going
710
00:29:38.500 -->
00:29:40.000to try and blame it on somebody else.
711
00:29:40.000 -->
00:29:42.900Didn't they have like an India customer service
712
00:29:42.900 -->
00:29:44.920bribe two a couple of years ago? Like
713
00:29:44.920 -->
00:29:46.600this, they've been hit a couple of times
714
00:29:46.600 -->
00:29:50.280now, man. Yeah. Coinbase user data was leaked
715
00:29:50.280 -->
00:29:54.040via their analytics vendor, uh, affecting roughly 70
716
00:29:54.040 -->
00:29:58.560,000 people. Prior breaches also include, include 2021,
717
00:29:58.560 -->
00:30:03.08020203, and 2025. Third party contracted Coinbase customer
718
00:30:03.080 -->
00:30:06.460service agents in India were previously bribed to
719
00:30:06.460 -->
00:30:11.720give up users. data. You know, everybody rightfully.
720
00:30:11.720 -->
00:30:13.380No one could have seen that coming, though.
721
00:30:13.380 -->
00:30:14.760How could we have seen it, Walker? It
722
00:30:14.760 -->
00:30:18.300was impossible to know. Literally impossible. You gotta
723
00:30:18.300 -->
00:30:19.860give credit where credit is due though. You
724
00:30:19.860 -->
00:30:21.360just realize that we even had like a
725
00:30:21.360 -->
00:30:23.680coinbase outage during like a pump or a
726
00:30:23.680 -->
00:30:24.820crash in a while, though. At least they
727
00:30:24.820 -->
00:30:28.020fix that problem or so, it seems. I
728
00:30:28.020 -->
00:30:30.900suppose. I mean, too much, too much liquidity.
729
00:30:30.900 -->
00:30:33.740They can't really have much impact there anymore
730
00:30:33.740 -->
00:30:37.720but somebody down below outsourcing data comes with
731
00:30:37.720 -->
00:30:40.100real risks and customers shouldn't have to pay
732
00:30:40.100 -->
00:30:45.120for companies weak vendor oversight. Yeah, I mean,
733
00:30:45.120 -->
00:30:48.220listen, this is, it's going to keep happening,
734
00:30:48.220 -->
00:30:52.200right? Like, this isn't a unique incident in
735
00:30:52.200 -->
00:30:54.420this day and age, especially these past few
736
00:30:54.420 -->
00:30:58.340months here. And, I mean, it's that meme.
737
00:30:58.340 -->
00:30:59.700I know you think it's really bad out
738
00:30:59.700 -->
00:31:02.080there, but it's going to get worse. Yeah,
739
00:31:02.080 -->
00:31:04.620it's all coming. home to roost, you know,
740
00:31:04.620 -->
00:31:06.700Bitcoin has been the canary and the coal
741
00:31:06.700 -->
00:31:10.160mine this summer, and all the shit that
742
00:31:10.160 -->
00:31:13.460we've seen there is now everywhere. And so
743
00:31:13.460 -->
00:31:18.040if you have data somewhere, it is, was,
744
00:31:18.040 -->
00:31:20.980and will be leaked. That's all there is
745
00:31:20.980 -->
00:31:24.760to say, I guess, guys. No, there's not
746
00:31:24.760 -->
00:31:25.820much else to it. The other thing I
747
00:31:25.820 -->
00:31:27.580was thinking about is that, like, and I
748
00:31:27.580 -->
00:31:29.120keep seeing all these things in my feed
749
00:31:29.120 -->
00:31:32.160regarding people using, like, Claude and different AI
750
00:31:32.160 -->
00:31:33.800tools to go in and, like, pull apart
751
00:31:33.800 -->
00:31:36.420their phone and their TV, and there's tons
752
00:31:36.420 -->
00:31:38.500of, like, data and user information that's being
753
00:31:38.500 -->
00:31:40.560stolen all the time. These guys, and I
754
00:31:40.560 -->
00:31:43.300don't, like, they have every economic incentive to
755
00:31:43.300 -->
00:31:44.640try and keep their fees and stuff on
756
00:31:44.640 -->
00:31:46.220the platform as low as possible. And so
757
00:31:46.220 -->
00:31:47.400to do so, they're going to collect as
758
00:31:47.400 -->
00:31:50.220much information from you as possible, right? It's
759
00:31:50.220 -->
00:31:51.640another reason to go with one of the,
760
00:31:51.640 -->
00:31:53.020with a different exchange, to go with one
761
00:31:53.020 -->
00:31:54.560of the non -custodial exchanges, like our friends
762
00:31:54.560 -->
00:31:55.840over at Bitcoin well and our friends even
763
00:31:55.840 -->
00:31:57.820over a bold Bitcoin, right? But these guys
764
00:31:57.820 -->
00:31:59.840absolutely are going to be doing everything they
765
00:31:59.840 -->
00:32:01.960can to try and sell you as much,
766
00:32:01.960 -->
00:32:03.260squeeze as much out of you and have
767
00:32:03.260 -->
00:32:05.280competitive rates along the way. So I'd expect
768
00:32:05.280 -->
00:32:07.780that almost every major company is also possible.
769
00:32:07.780 -->
00:32:08.960I'm not saying that they for sure are.
770
00:32:08.960 -->
00:32:10.480I don't have any information that Coinbase is
771
00:32:10.480 -->
00:32:12.540selling their customer data, but I have a
772
00:32:12.540 -->
00:32:14.300sneaking suspicion. They're probably there are people that
773
00:32:14.300 -->
00:32:15.840would pay a lot of money for it.
774
00:32:15.840 -->
00:32:17.280They'd maybe want to trade against the market
775
00:32:17.280 -->
00:32:18.840as well, too, just like in other places
776
00:32:18.840 -->
00:32:20.520that this is, this is always going to
777
00:32:20.520 -->
00:32:21.820be a thing, especially with these giants. But
778
00:32:21.820 -->
00:32:25.340I don't know, Walker, what are your thoughts?
779
00:32:25.340 -->
00:32:26.540Boy, like things are going to get so
780
00:32:26.540 -->
00:32:28.640much worse before they get any better with
781
00:32:28.640 -->
00:32:30.700all this stuff. Like, I'm sorry. Like, it
782
00:32:30.700 -->
00:32:34.160was already. bad enough before AI in terms
783
00:32:34.160 -->
00:32:36.220of having your data you know data breaches
784
00:32:36.220 -->
00:32:38.100stuff's out in the dark web people can
785
00:32:38.100 -->
00:32:39.520buy access to it like it was already
786
00:32:39.520 -->
00:32:42.840bad now it's just like trivially easy i
787
00:32:42.840 -->
00:32:45.040think is the problem like it's the attack
788
00:32:45.040 -->
00:32:47.900vector or says that the attack surface is
789
00:32:47.900 -->
00:32:51.280so broad and the tools are so good
790
00:32:51.280 -->
00:32:52.920and it's like oh no the frontier model
791
00:32:52.920 -->
00:32:54.080won't let you do it okay give me
792
00:32:54.080 -->
00:32:56.520k3 will like she'll help you she doesn't
793
00:32:56.520 -->
00:32:58.220care don't give a fuck she's like okay
794
00:32:58.220 -->
00:33:00.420or you know however she talks um you
795
00:33:00.420 -->
00:33:03.200know I'll leave that one there. I mean,
796
00:33:03.200 -->
00:33:05.020out of all of the accents that you've
797
00:33:05.020 -->
00:33:07.360mastered, that's the best. Yeah. Okay, thank you,
798
00:33:07.360 -->
00:33:09.180thank you. But the point is like, you
799
00:33:09.180 -->
00:33:10.340need to be prepared for this. I think
800
00:33:10.340 -->
00:33:13.360it's also a great, rare of minor, just
801
00:33:13.360 -->
00:33:15.480like in general. I mean, people still fall
802
00:33:15.480 -->
00:33:17.560for these like the Google calls and stuff
803
00:33:17.560 -->
00:33:18.880like that. There's like, there's going to be
804
00:33:18.880 -->
00:33:20.360so many people trying to come at you
805
00:33:20.360 -->
00:33:21.540all the time. First of all, just as
806
00:33:21.540 -->
00:33:24.480a disclaimer, like, Google will never call you
807
00:33:24.480 -->
00:33:26.420guys. None of these companies, Coinbase will never
808
00:33:26.420 -->
00:33:28.580call you. Google will never call you. None
809
00:33:28.580 -->
00:33:30.360of these big companies give a flying fuck
810
00:33:30.360 -->
00:33:32.320about little old you if you get a
811
00:33:32.320 -->
00:33:35.620call from them it's fake for first off
812
00:33:35.620 -->
00:33:39.840secondly you probably should do things just generally
813
00:33:39.840 -->
00:33:42.480for securing like if you used a primary
814
00:33:42.480 -->
00:33:44.080email address that you've had for a long
815
00:33:44.080 -->
00:33:45.360time and might have a lot of different
816
00:33:45.360 -->
00:33:47.140secrets in doors used as a backup email
817
00:33:47.140 -->
00:33:49.120address for a bunch of other things and
818
00:33:49.120 -->
00:33:50.560maybe it's also tied to your two f
819
00:33:50.560 -->
00:33:52.860a and things like that you should probably
820
00:33:52.860 -->
00:33:55.720secure that with a ubeki as like a
821
00:33:55.720 -->
00:33:58.340real basic thing to do it makes it
822
00:33:58.340 -->
00:33:59.400a bit of a bitch for you to
823
00:33:59.400 -->
00:34:01.560get into it sometimes and that's the point
824
00:34:01.560 -->
00:34:03.520because then nobody can get in there without
825
00:34:03.520 -->
00:34:05.120that physical key don't lose it make a
826
00:34:05.120 -->
00:34:07.720couple of copies of it but like i'm
827
00:34:07.720 -->
00:34:10.020i'm amazed that more people aren't like rush
828
00:34:10.020 -->
00:34:11.440i mean maybe they are like rushing to
829
00:34:11.440 -->
00:34:12.620get ube keys right now if i didn't
830
00:34:12.620 -->
00:34:14.520have ubeki's set up on like all my
831
00:34:14.520 -->
00:34:16.400shit i'd be pretty worried right now but
832
00:34:16.400 -->
00:34:19.520that is like the beautiful thing about physical
833
00:34:19.520 -->
00:34:22.560physical cryptography like you know or physical cryptographic
834
00:34:22.560 -->
00:34:25.140signing tools basically is it makes it really
835
00:34:25.140 -->
00:34:26.140it's kind of a pain in the eyes
836
00:34:26.140 -->
00:34:27.940for you sure but it makes it really
837
00:34:27.940 -->
00:34:32.200difficult for people to get to your accounts.
838
00:34:32.200 -->
00:34:33.440And right now, if you don't have that
839
00:34:33.440 -->
00:34:34.700kind of stuff, like, if you just have
840
00:34:34.700 -->
00:34:38.180very basic, well, basic security on these things,
841
00:34:38.180 -->
00:34:39.520like, you just need to assume that, first
842
00:34:39.520 -->
00:34:40.480of all, your data's been out there, it's
843
00:34:40.480 -->
00:34:41.880been leaked, and it's been associated with all
844
00:34:41.880 -->
00:34:43.660these different accounts. And it's been cross -referenced
845
00:34:43.660 -->
00:34:45.440by AI, because AI is really good at
846
00:34:45.440 -->
00:34:47.120taking a bunch of disparate data and pulling
847
00:34:47.120 -->
00:34:49.140it together and building a matrix specifically on
848
00:34:49.140 -->
00:34:51.020you and saying, this person has accounts at
849
00:34:51.020 -->
00:34:52.760Coinbase and here and here and here. And
850
00:34:52.760 -->
00:34:53.980like, oh, and also look, we found their
851
00:34:53.980 -->
00:34:56.440physical address because that's fucking trivially easy to
852
00:34:56.440 -->
00:34:59.020do, too. It becomes so fucking easy to
853
00:34:59.020 -->
00:35:02.500extort you. or to somehow try and gain
854
00:35:02.500 -->
00:35:05.400access to your accounts with really convincing personal
855
00:35:05.400 -->
00:35:07.720information. You're like, how, they must be legit.
856
00:35:07.720 -->
00:35:10.820How could they know that? Just here's the
857
00:35:10.820 -->
00:35:12.020best piece of advice I can get. If
858
00:35:12.020 -->
00:35:14.060you refuse to go to Ubiki, just never
859
00:35:14.060 -->
00:35:17.120check your email and never answer your phone.
860
00:35:17.120 -->
00:35:19.460That is the best security best practices right
861
00:35:19.460 -->
00:35:22.220there, guys. You want to, my, like, some
862
00:35:22.220 -->
00:35:24.140of my g -mails, oh, I mean, we're
863
00:35:24.140 -->
00:35:27.040talking 50 ,000 unread messages. I'll just let
864
00:35:27.040 -->
00:35:28.740that thing tick up there. I'm waiting for
865
00:35:28.740 -->
00:35:31.200it to break the. UI, like just never
866
00:35:31.200 -->
00:35:33.580answer your email. That's the best way to
867
00:35:33.580 -->
00:35:36.560do it, right? And never answer your phone.
868
00:35:36.560 -->
00:35:39.920Even if it's your wife, don't answer. Especially,
869
00:35:39.920 -->
00:35:41.800it's your wife. Sorry, honey, I thought you
870
00:35:41.800 -->
00:35:46.340were a scammer. You know what's funny, too,
871
00:35:46.340 -->
00:35:48.980is for all the other, to give you
872
00:35:48.980 -->
00:35:50.260an idea of like how much these companies
873
00:35:50.260 -->
00:35:53.280hate you, okay? For all the other things
874
00:35:53.280 -->
00:35:54.760they allow you to do with a phone,
875
00:35:54.760 -->
00:35:57.880it's so hard to get all the spyware
876
00:35:57.880 -->
00:35:59.520off. And somebody, I don't know if it's
877
00:35:59.520 -->
00:36:00.980in the notes. I'm sure one of us
878
00:36:00.980 -->
00:36:02.140put it in the back chat, but I
879
00:36:02.140 -->
00:36:06.000don't know if made it into the document.
880
00:36:06.000 -->
00:36:11.000Somebody pioneered, just a true sort of Chad,
881
00:36:11.000 -->
00:36:14.040pioneered this way to check if Israel has,
882
00:36:14.040 -->
00:36:16.980like, state spyware on your mobile device or
883
00:36:16.980 -->
00:36:19.000on your TV. Have you seen this? I've
884
00:36:19.000 -->
00:36:23.100got it right here. It is absolutely psycho,
885
00:36:23.100 -->
00:36:24.880the stuff that's going on on your TV
886
00:36:24.880 -->
00:36:27.400and your phone. This is, yeah, there's been
887
00:36:27.400 -->
00:36:29.960people that, like, this guy, just. just used
888
00:36:29.960 -->
00:36:32.980Claude to look for any sort of spying
889
00:36:32.980 -->
00:36:35.520stuff. He had like a flashlight app as
890
00:36:35.520 -->
00:36:41.180an example. And yeah, it basically location, microphone
891
00:36:41.180 -->
00:36:45.340contacts, like it's getting into everything. There's other
892
00:36:45.340 -->
00:36:48.340people, again, like some other guy took Claude
893
00:36:48.340 -->
00:36:50.560code and went through and found spyware on
894
00:36:50.560 -->
00:36:53.280his family's phones and a backdoor on his
895
00:36:53.280 -->
00:36:56.960Mac. And even outside of that, like the
896
00:36:56.960 -->
00:36:59.980TV stuff is crazy too. This guy with
897
00:36:59.980 -->
00:37:04.080a new Samsung TV weirdly targeted ads. He
898
00:37:04.080 -->
00:37:08.680reversed the firmware. And so, yeah, he basically
899
00:37:08.680 -->
00:37:12.560took it and he's got like, this thing
900
00:37:12.560 -->
00:37:17.280could see fucking everything. Yeah, automatic, there we
901
00:37:17.280 -->
00:37:21.540go. Always on hot mic functionality on his
902
00:37:21.540 -->
00:37:25.920TV. What? Listening to everything and then feeding
903
00:37:25.920 -->
00:37:28.240that into third parties that are going to
904
00:37:28.240 -->
00:37:31.460advertise them. Not to mention, like, it's bad
905
00:37:31.460 -->
00:37:36.380enough getting the, you know, without giving permissions,
906
00:37:36.380 -->
00:37:38.080having your TV listen to you and target
907
00:37:38.080 -->
00:37:42.340ads at you. But then also, like, how
908
00:37:42.340 -->
00:37:44.220easy is it going to be for somebody
909
00:37:44.220 -->
00:37:47.100to now hack into that functionality and just
910
00:37:47.100 -->
00:37:49.960external people be just listening to you through
911
00:37:49.960 -->
00:37:52.320your fucking TV? Like, you never think of
912
00:37:52.320 -->
00:37:55.340that years ago. And here it is. But
913
00:37:55.340 -->
00:37:59.600on the bright side, people are also used.
914
00:37:59.600 -->
00:38:02.700using all these LOMs, as you mentioned, to
915
00:38:02.700 -->
00:38:07.880start basically completely retooling. For now, for now.
916
00:38:07.880 -->
00:38:09.100It's not going to, I'm telling you, man,
917
00:38:09.100 -->
00:38:09.960it's not going to be allowed for much
918
00:38:09.960 -->
00:38:13.120longer because already that reverse engineer everything tool
919
00:38:13.120 -->
00:38:15.580has been completely turfed. Yeah, but again, yeah,
920
00:38:15.580 -->
00:38:19.980if you're using Claude. Yeah, I know. Claude
921
00:38:19.980 -->
00:38:21.460is not going to, this is the thing,
922
00:38:21.460 -->
00:38:22.960okay. We talk about this all time, the
923
00:38:22.960 -->
00:38:25.380points of friction. How much friction is the
924
00:38:25.380 -->
00:38:28.020average person willing to go through to identify
925
00:38:28.020 -->
00:38:29.540things that could make their life a little
926
00:38:29.540 -->
00:38:33.040more private. The answer, honestly, is probably zero.
927
00:38:33.040 -->
00:38:35.060But let's say it's a little bit more
928
00:38:35.060 -->
00:38:36.300than zero. They're willing to go through like
929
00:38:36.300 -->
00:38:38.600one or two points of friction. To get
930
00:38:38.600 -->
00:38:41.000Kimi K3, you have to go to a
931
00:38:41.000 -->
00:38:43.760website that your browser, the first thing your
932
00:38:43.760 -->
00:38:45.260browser does is ask if you want to
933
00:38:45.260 -->
00:38:47.560move it from Chinese to English, okay? Right
934
00:38:47.560 -->
00:38:48.960away, no one's fucking - Are you in
935
00:38:48.960 -->
00:38:51.040mainland China? Yeah, no one's giving their credit
936
00:38:51.040 -->
00:38:52.480card to this, okay? Like, they're not going
937
00:38:52.480 -->
00:38:54.340to fucking do that, number one. Number two
938
00:38:54.340 -->
00:38:56.520is, I really think, and I said this
939
00:38:56.520 -->
00:38:59.680on this show before, the anthropics and open
940
00:38:59.680 -->
00:39:01.900AIs and all these companies, like, they're talking
941
00:39:01.900 -->
00:39:05.960about limiting open source model access. They're doing
942
00:39:05.960 -->
00:39:07.720it for a couple reasons, right? The one
943
00:39:07.720 -->
00:39:10.080that is often under discussed is that for
944
00:39:10.080 -->
00:39:14.540sure, Sony and Nintendo, famously litigious Nintendo, by
945
00:39:14.540 -->
00:39:18.440the way, TV manufacturers, phone manufacturers, they are
946
00:39:18.440 -->
00:39:21.300100 % in the ear of these guys,
947
00:39:21.300 -->
00:39:23.860pouring money into the same lobbies going, we
948
00:39:23.860 -->
00:39:26.580need ads and data collection to keep the
949
00:39:26.580 -->
00:39:28.980price of these gizmos down, otherwise no one's
950
00:39:28.980 -->
00:39:30.680going to buy them. What is the TV
951
00:39:30.680 -->
00:39:32.820actually worth if they don't get $1 ,000
952
00:39:32.820 -->
00:39:34.800of data from you every month? What is
953
00:39:34.800 -->
00:39:36.800the TV actually going to cost you at
954
00:39:36.800 -->
00:39:39.020Best Buy if they can't hear your baby
955
00:39:39.020 -->
00:39:41.460crying and send you the pamper's ad? Like,
956
00:39:41.460 -->
00:39:43.660what is the TV worth? We don't know,
957
00:39:43.660 -->
00:39:46.580but it ain't 800 bucks. It's way more
958
00:39:46.580 -->
00:39:48.780than that, right? And so right now, the
959
00:39:48.780 -->
00:39:52.140consumer in general is enjoying this deflationary trend
960
00:39:52.140 -->
00:39:55.340in electronics. And I agree that it's probably
961
00:39:55.340 -->
00:39:57.060deflationary. We all know about Moore's law and
962
00:39:57.060 -->
00:39:58.540all these different things, things get cheaper, blah,
963
00:39:58.540 -->
00:40:00.020blah, blah, we become more efficient. Of course,
964
00:40:00.020 -->
00:40:02.440economy is the scale. Okay, but that ticket
965
00:40:02.440 -->
00:40:05.560price reflects something that most people don't understand
966
00:40:05.560 -->
00:40:08.000and 99 % of people are never going
967
00:40:08.000 -->
00:40:09.840to try and get away from until it's
968
00:40:09.840 -->
00:40:11.740too late. To your point, Ben, the other
969
00:40:11.740 -->
00:40:13.840thing, too, about the hacking into a TV,
970
00:40:13.840 -->
00:40:15.060I don't know about you guys, but you
971
00:40:15.060 -->
00:40:17.900know where I watch football on Sundays, Amazon
972
00:40:17.900 -->
00:40:20.640Prime app on a TV. Like, that's my
973
00:40:20.640 -->
00:40:23.440prime account. That's my address. It's my credit
974
00:40:23.440 -->
00:40:25.860card. It's my whatever. It's all All there.
975
00:40:25.860 -->
00:40:27.640All of it is there. My buying habits.
976
00:40:27.640 -->
00:40:29.760It knows how old my kid is. What
977
00:40:29.760 -->
00:40:32.280gender my kid is, what she's into. Dude,
978
00:40:32.280 -->
00:40:34.740the ads when you pause is, it's psycho.
979
00:40:34.740 -->
00:40:35.840It's psycho. Buddy, you don't even have to
980
00:40:35.840 -->
00:40:37.140pause. When you watch shit on Prime, if
981
00:40:37.140 -->
00:40:38.740you watch Red Zone on Prime, they put
982
00:40:38.740 -->
00:40:40.920the fucking QR code right over the scoreboard,
983
00:40:40.920 -->
00:40:42.840buddy. These guys are shameless. They're not going
984
00:40:42.840 -->
00:40:45.520to stop. And that's worth a bunch of
985
00:40:45.520 -->
00:40:49.000money. You get people when they're hungover, maybe
986
00:40:49.000 -->
00:40:51.180a little drunk, maybe a little, you know,
987
00:40:51.180 -->
00:40:54.000stir crazy. Let's buy something. Let's spice up
988
00:40:54.000 -->
00:40:57.120a boring side. This is what marketing and
989
00:40:57.120 -->
00:41:00.160capitalism has come to. We can get people
990
00:41:00.160 -->
00:41:02.360not only with products they like, but when
991
00:41:02.360 -->
00:41:05.240they're the weakest. And this is worth some
992
00:41:05.240 -->
00:41:08.440ungodly amount of currency to these guys. And
993
00:41:08.440 -->
00:41:09.620we just don't know what it is. We're
994
00:41:09.620 -->
00:41:11.200going to find out, though. We're definitely going
995
00:41:11.200 -->
00:41:13.200to find out. No, quick side note, only
996
00:41:13.200 -->
00:41:14.160because it's the only time I've ever had
997
00:41:14.160 -->
00:41:15.600a chance to mildly tell the story without
998
00:41:15.600 -->
00:41:17.280revealing people directly in it. But I have
999
00:41:17.280 -->
00:41:20.180a family member that got to grow up
1000
00:41:20.180 -->
00:41:22.400with a snowmobile simply because they got the
1001
00:41:22.400 -->
00:41:23.660old man a little bit drunk and turned
1002
00:41:23.660 -->
00:41:25.620on the shopping channel. So it's definitely there.
1003
00:41:25.620 -->
00:41:32.780It definitely happens. Amazing. Speaking of somebody mentioned
1004
00:41:32.780 -->
00:41:36.660Google earlier on, we also have to bring
1005
00:41:36.660 -->
00:41:40.140up this, which is that Google, which is
1006
00:41:40.140 -->
00:41:44.340that Google getting into crypto custody, Google unveils
1007
00:41:44.340 -->
00:41:47.240a new crypto custody framework to protect digital
1008
00:41:47.240 -->
00:41:52.160assets for banks. Quote, several major financial institutions
1009
00:41:52.160 -->
00:41:55.000are already testing it. and Google plans to
1010
00:41:55.000 -->
00:41:57.720open it up early next year as stolen
1011
00:41:57.720 -->
00:42:02.020private keys as costs the crypto industry billions.
1012
00:42:02.020 -->
00:42:04.040Of course, Google is going to dip their
1013
00:42:04.040 -->
00:42:07.120toes into this. I mean, everybody is at
1014
00:42:07.120 -->
00:42:11.260some point. But gentlemen, how do we feel
1015
00:42:11.260 -->
00:42:19.580about the formerly don't be evil Google? They
1016
00:42:19.580 -->
00:42:23.240got rid of that line, by the way.
1017
00:42:23.240 -->
00:42:26.100diving into custody is like, are they going
1018
00:42:26.100 -->
00:42:27.700to give, are they going to be given
1019
00:42:27.700 -->
00:42:30.020fidelity and Coinbase a run for their money
1020
00:42:30.020 -->
00:42:32.720or what? I'll jump in quick and then
1021
00:42:32.720 -->
00:42:34.160I'm curious the boys lines because this one
1022
00:42:34.160 -->
00:42:36.000really stood out to me. So one, I
1023
00:42:36.000 -->
00:42:38.000mean, if they're coming up with frameworks and
1024
00:42:38.000 -->
00:42:39.280especially to get made public, it just makes
1025
00:42:39.280 -->
00:42:40.580us all better. You don't have to use
1026
00:42:40.580 -->
00:42:43.740like their custodial solution with a custody provider
1027
00:42:43.740 -->
00:42:45.320of your choosing. It might give us some
1028
00:42:45.320 -->
00:42:47.040new insights on how to secure keys. It
1029
00:42:47.040 -->
00:42:48.920might give us some new tools to build
1030
00:42:48.920 -->
00:42:51.980off of new, new information. infrastructure. So I'm
1031
00:42:51.980 -->
00:42:54.020all for it. They've got so much man
1032
00:42:54.020 -->
00:42:56.400and brain power behind them that if they
1033
00:42:56.400 -->
00:42:57.780have some new ideas that are worth checking
1034
00:42:57.780 -->
00:42:59.640out, that's great. The thing that just immediately
1035
00:42:59.640 -->
00:43:00.720jumped out to me, which I don't have
1036
00:43:00.720 -->
00:43:03.960an answer for, is just why? Why does
1037
00:43:03.960 -->
00:43:07.020Google care about custody? Right? Why are they
1038
00:43:07.020 -->
00:43:09.840concerned about the banks custody this as well?
1039
00:43:09.840 -->
00:43:11.360Why are they concerned about the industry costing
1040
00:43:11.360 -->
00:43:12.780this? What is their end game? Because I
1041
00:43:12.780 -->
00:43:13.880don't think they're doing it necessarily out of
1042
00:43:13.880 -->
00:43:15.220the goodness of their heart. Actually, I'm pretty
1043
00:43:15.220 -->
00:43:16.380sure they're not doing it at the goodness
1044
00:43:16.380 -->
00:43:17.820of their heart. We know they have Google
1045
00:43:17.820 -->
00:43:20.200Pay, very popular item as well, too. Are
1046
00:43:20.200 -->
00:43:22.340they thinking of tying this into stable coins
1047
00:43:22.340 -->
00:43:23.780or other things. Are they thinking of having
1048
00:43:23.780 -->
00:43:26.240some secure for themselves? So they've been evaluating,
1049
00:43:26.240 -->
00:43:27.920like, this is not the case, but like
1050
00:43:27.920 -->
00:43:30.860if I was that giant bohemian, bohemian, and
1051
00:43:30.860 -->
00:43:33.980I was true. And I was trying to,
1052
00:43:33.980 -->
00:43:36.140Leviathan. What does a giant bohemian look like?
1053
00:43:36.140 -->
00:43:36.920I don't know. I guess it's like a
1054
00:43:36.920 -->
00:43:39.560really chill, relax dude, likes to hang out.
1055
00:43:39.560 -->
00:43:40.820But a big, like it's Chris. It's Chris,
1056
00:43:40.820 -->
00:43:44.060on a good day, I suppose. The, if
1057
00:43:44.060 -->
00:43:46.080I'm wondering if they saw concerns about the
1058
00:43:46.080 -->
00:43:47.700way things that were going to be custodied
1059
00:43:47.700 -->
00:43:49.840as it would directly pertain to their infrastructure.
1060
00:43:49.840 -->
00:43:51.760So I think they have some end game
1061
00:43:51.760 -->
00:43:53.960at play here. There's some reason to directly
1062
00:43:53.960 -->
00:43:56.080benefit them that they would want to build
1063
00:43:56.080 -->
00:43:57.900this out, have it tested, and have perhaps
1064
00:43:57.900 -->
00:43:59.980partners that they're already working with in payment
1065
00:43:59.980 -->
00:44:02.940infrastructure start to use this model. But Joey,
1066
00:44:02.940 -->
00:44:04.240I'll hit you first or go for it.
1067
00:44:04.240 -->
00:44:08.360What are your thoughts, man? It's hard for
1068
00:44:08.360 -->
00:44:09.860me to think about why they might want
1069
00:44:09.860 -->
00:44:13.380to do this. I mean, there's no, are
1070
00:44:13.380 -->
00:44:15.000they, who are they competing with, right? They're
1071
00:44:15.000 -->
00:44:17.660competing with the custodians we mentioned earlier, not
1072
00:44:17.660 -->
00:44:19.240BitConomy, of course, but some of the other
1073
00:44:19.240 -->
00:44:22.480big guys that, you know, whatever, Digivolt AI
1074
00:44:22.480 -->
00:44:25.480didn't use. And I just wonder how much
1075
00:44:25.480 -->
00:44:27.140better they think their service is going to
1076
00:44:27.140 -->
00:44:29.040be that's going to drag people over there
1077
00:44:29.040 -->
00:44:31.320from Fidelity or Coinbase. The only thing I
1078
00:44:31.320 -->
00:44:34.060can think of is that they'd release this
1079
00:44:34.060 -->
00:44:36.940product eventually for retail. Retail would use this.
1080
00:44:36.940 -->
00:44:37.960I think a lot of people would look
1081
00:44:37.960 -->
00:44:39.700at this and go, I can tack on
1082
00:44:39.700 -->
00:44:42.620five more dollars to my Google monthly spend
1083
00:44:42.620 -->
00:44:46.240for like whatever docs, storage, photos, my fitness
1084
00:44:46.240 -->
00:44:50.360tracker. and also get Bitcoin crypto custody, sure.
1085
00:44:50.360 -->
00:44:51.580Maybe I don't park it all there, but
1086
00:44:51.580 -->
00:44:53.420some people would use that, no doubt, because
1087
00:44:53.420 -->
00:44:54.620I think more and more people are thinking
1088
00:44:54.620 -->
00:44:56.120about some of the things we've talked about,
1089
00:44:56.120 -->
00:44:58.560you know, ease of access, ease of family
1090
00:44:58.560 -->
00:45:00.600access and stuff like that in emergencies. And
1091
00:45:00.600 -->
00:45:02.960so Google for all their sort of negatives
1092
00:45:02.960 -->
00:45:04.740is good for that kind of thing. Retail
1093
00:45:04.740 -->
00:45:08.400-facing products, that's where they thrive. The devil's
1094
00:45:08.400 -->
00:45:11.600advocate in me says that there's going to
1095
00:45:11.600 -->
00:45:13.020be a push soon to see how much
1096
00:45:13.020 -->
00:45:16.140Bitcoin people have generally, whether it's, you know,
1097
00:45:16.140 -->
00:45:19.560institutions, family, offices, whatever, banks. And I don't
1098
00:45:19.560 -->
00:45:20.940think a lot of people are really interested
1099
00:45:20.940 -->
00:45:24.120in disclosing that information any way that so
1100
00:45:24.120 -->
00:45:26.320far has been offered, whether it's through tax
1101
00:45:26.320 -->
00:45:28.900forms or these voluntary surveys or like in
1102
00:45:28.900 -->
00:45:30.500Canada, there was a couple of census questions
1103
00:45:30.500 -->
00:45:31.860about Bitcoin if you got the long form
1104
00:45:31.860 -->
00:45:35.060census this year. People are not interested in
1105
00:45:35.060 -->
00:45:37.940sharing that information. And so the better way
1106
00:45:37.940 -->
00:45:39.400to get it from them is sort of
1107
00:45:39.400 -->
00:45:42.140this backhanded way where you give them a
1108
00:45:42.140 -->
00:45:43.800service, they take advantage of the service, and
1109
00:45:43.800 -->
00:45:45.540then you have that data. I think this
1110
00:45:45.540 -->
00:45:47.740is why, by the way, doing stuff like
1111
00:45:47.740 -->
00:45:49.660your taxes in a chat bot is a
1112
00:45:49.660 -->
00:45:53.200bad idea. Doing stuff like your personal accounting
1113
00:45:53.200 -->
00:45:54.800in a chat bot is a bad idea
1114
00:45:54.800 -->
00:45:57.200because you don't want that information out there.
1115
00:45:57.200 -->
00:45:59.160The likelihood that's not getting to someone who
1116
00:45:59.160 -->
00:46:00.580you don't want to have it is basically
1117
00:46:00.580 -->
00:46:02.620zero at this point, as we've talked about.
1118
00:46:02.620 -->
00:46:05.400As far as like the mechanisms of the
1119
00:46:05.400 -->
00:46:09.420storage, like, you guys would know better than
1120
00:46:09.420 -->
00:46:11.660Walker and I, I think, what is there
1121
00:46:11.660 -->
00:46:15.360in terms of like, you know, custody that
1122
00:46:15.360 -->
00:46:17.760hasn't been tried? There's, you could add, you
1123
00:46:17.760 -->
00:46:20.040can always add complexity, but in terms of
1124
00:46:20.040 -->
00:46:23.140actual, like, quality of custody, what are these
1125
00:46:23.140 -->
00:46:24.260guys going to bring to the table that
1126
00:46:24.260 -->
00:46:26.940other custodians have now tried already? Well, the
1127
00:46:26.940 -->
00:46:28.440only thing that immediately comes to mind, and
1128
00:46:28.440 -->
00:46:30.480I'm blanking on the, like, the acronym for
1129
00:46:30.480 -->
00:46:32.800it, it's like MCP or MPC, something along
1130
00:46:32.800 -->
00:46:34.700those lines. But, like, one of the ways
1131
00:46:34.700 -->
00:46:36.740that some of the institutions full custody is
1132
00:46:36.740 -->
00:46:39.480that they basically have one key that's sharded,
1133
00:46:39.480 -->
00:46:40.960but the, there's no single point where the
1134
00:46:40.960 -->
00:46:42.600key was ever generated. Right. So you have
1135
00:46:42.600 -->
00:46:44.460different points that generate a piece that goes
1136
00:46:44.460 -->
00:46:45.600to the whole key. The whole key was
1137
00:46:45.600 -->
00:46:47.980never basically made in one. area. So I
1138
00:46:47.980 -->
00:46:49.600wonder if it's something along those lines, but
1139
00:46:49.600 -->
00:46:51.860there's nothing else that immediately jumps out at
1140
00:46:51.860 -->
00:46:53.500me that would be... Not new though, right?
1141
00:46:53.500 -->
00:46:55.460It's not new, though. I wonder if they
1142
00:46:55.460 -->
00:46:56.980have some different way of pulling different strings
1143
00:46:56.980 -->
00:47:01.660together in terms of, particularly the automation infrastructure
1144
00:47:01.660 -->
00:47:04.660from a security standpoint. Maybe, okay, before we
1145
00:47:04.660 -->
00:47:06.180pass the walker, one other thing, Google obviously
1146
00:47:06.180 -->
00:47:08.280at the forefront of this quantum research, according
1147
00:47:08.280 -->
00:47:10.480to the Q heads, right? And so makes
1148
00:47:10.480 -->
00:47:11.740me wonder what kind of stuff they're going
1149
00:47:11.740 -->
00:47:13.920to do for the wallets they use. If
1150
00:47:13.920 -->
00:47:15.540they do something that's like post -Q or
1151
00:47:15.540 -->
00:47:17.000they try and lead a charge for post
1152
00:47:17.000 -->
00:47:19.340-Q stuff. Now, they're interesting data point, but
1153
00:47:19.340 -->
00:47:21.080if they don't, then it tells you that
1154
00:47:21.080 -->
00:47:23.200this other bullshit they keep publishing every three
1155
00:47:23.200 -->
00:47:24.760weeks with the Ethereum guys, you know, pick
1156
00:47:24.760 -->
00:47:26.400up on it and spray in their pants
1157
00:47:26.400 -->
00:47:28.920over. Like, it's all just nonsense, right? If
1158
00:47:28.920 -->
00:47:30.280they don't start doing this when they start
1159
00:47:30.280 -->
00:47:32.780custodying, then what do they really care about?
1160
00:47:32.780 -->
00:47:37.000The answer is not quantum. Anyway. Walker, your
1161
00:47:37.000 -->
00:47:40.100thoughts? This, this is interesting. I mean, on
1162
00:47:40.100 -->
00:47:41.640the one hand, like, just like, let's take
1163
00:47:41.640 -->
00:47:44.340this purely at the surface level. It's like,
1164
00:47:44.340 -->
00:47:46.880of course, a massive company. Like, Google as
1165
00:47:46.880 -->
00:47:49.800their hands in many different pots would want
1166
00:47:49.800 -->
00:47:52.140to get into this type of business, right?
1167
00:47:52.140 -->
00:47:55.300Like, it is a lucrative business, to be
1168
00:47:55.300 -->
00:47:56.980sure. So, of course, they'd want to get
1169
00:47:56.980 -->
00:47:57.960into that. And if they see the writing
1170
00:47:57.960 -->
00:47:59.960on the wall about kind of like where
1171
00:47:59.960 -->
00:48:01.280things are going, and that you're going to
1172
00:48:01.280 -->
00:48:04.200see increasing usage of, you know, Bitcoin, stable
1173
00:48:04.200 -->
00:48:06.580coins, probably of some of these shit coins
1174
00:48:06.580 -->
00:48:08.880too, but not like actual usage, just like
1175
00:48:08.880 -->
00:48:12.200more, you know, more and more speculation. Okay,
1176
00:48:12.200 -->
00:48:13.660like you can, you can see that. Like,
1177
00:48:13.660 -->
00:48:15.080that's, I think that's the very like surface
1178
00:48:15.080 -->
00:48:17.660level analysis of it. Joey, your point is
1179
00:48:17.660 -->
00:48:21.580interesting that it's perhaps it's from a, like,
1180
00:48:21.580 -->
00:48:25.340a data gathering perspective. Like, they just, like,
1181
00:48:25.340 -->
00:48:27.020they just want to ingest everything. They just
1182
00:48:27.020 -->
00:48:28.300want to know everything. They want to, you
1183
00:48:28.300 -->
00:48:30.460know, have the details on this. But I
1184
00:48:30.460 -->
00:48:32.660think that last point is the really interesting
1185
00:48:32.660 -->
00:48:35.000one about the sort of, you know, the
1186
00:48:35.000 -->
00:48:37.140quantum side of this, where it's like, you
1187
00:48:37.140 -->
00:48:40.240could very much see them marketing this solution.
1188
00:48:40.240 -->
00:48:42.880Like, if in a couple months, they're like,
1189
00:48:42.880 -->
00:48:45.040we have the only, you know, post -quantum
1190
00:48:45.040 -->
00:48:48.520encryption safe custody, you know, custody solution for
1191
00:48:48.520 -->
00:48:51.340institutions. And if you don't use it, boy,
1192
00:48:51.340 -->
00:48:53.500you're, you know, it's basically a breach of
1193
00:48:53.500 -->
00:48:55.740fiduciaring duty, you know, like, you could see
1194
00:48:55.740 -->
00:48:59.180that playing out. You could very clearly see
1195
00:48:59.180 -->
00:49:01.240that sort of thing playing out. But I
1196
00:49:01.240 -->
00:49:03.360don't know, I think, like, for now, I'll
1197
00:49:03.360 -->
00:49:04.960think, okay, yeah, probably they're just like seeing
1198
00:49:04.960 -->
00:49:06.180the writing on the wall and want to
1199
00:49:06.180 -->
00:49:08.480get, you know, want to get involved in
1200
00:49:08.480 -->
00:49:12.460this and start milking this, this crypto cow.
1201
00:49:12.460 -->
00:49:14.720But then the other part is, it seems
1202
00:49:14.720 -->
00:49:16.380like this is a play to be. be
1203
00:49:16.380 -->
00:49:22.500able to dovetail their quantum research with this
1204
00:49:22.500 -->
00:49:25.760solution and use one to market the other.
1205
00:49:25.760 -->
00:49:28.640That to me seems like a potential, like,
1206
00:49:28.640 -->
00:49:31.120that would make sense to me. Yeah. Well,
1207
00:49:31.120 -->
00:49:32.140the other one that jumps out at me
1208
00:49:32.140 -->
00:49:34.640would be, because I think that from the
1209
00:49:34.640 -->
00:49:36.260things that I've seen, I think Google has
1210
00:49:36.260 -->
00:49:38.000trying to position themselves almost on the harness
1211
00:49:38.000 -->
00:49:39.740position for the different AI products that are
1212
00:49:39.740 -->
00:49:41.580out there. They're trying to maybe find that
1213
00:49:41.580 -->
00:49:43.820niche, something that they're going after. And so
1214
00:49:43.820 -->
00:49:44.880I wonder if they're looking at it even
1215
00:49:44.880 -->
00:49:46.580from like an agent to agent page. rail
1216
00:49:46.580 -->
00:49:49.360thing. If they're thinking of using probably stables,
1217
00:49:49.360 -->
00:49:50.480I'd love it with Bitcoin, but it'd probably
1218
00:49:50.480 -->
00:49:52.760be stable for agent to agent payments, they're
1219
00:49:52.760 -->
00:49:54.280trying to be kind of the glue in
1220
00:49:54.280 -->
00:49:56.220the ecosystem versus having Gemini be like the
1221
00:49:56.220 -->
00:49:59.180top model. I'm not opposed to that. I
1222
00:49:59.180 -->
00:50:00.740like stables too, by the way. Like, stables
1223
00:50:00.740 -->
00:50:03.080as a payment rails are better than almost
1224
00:50:03.080 -->
00:50:05.640everything else. Um, sort of value, different story
1225
00:50:05.640 -->
00:50:07.300depending on where you are. But yeah, I,
1226
00:50:07.300 -->
00:50:09.820man, I, I'm not, I don't think, I
1227
00:50:09.820 -->
00:50:11.140know we're kind of like down talking it
1228
00:50:11.140 -->
00:50:12.700or sideways talking it. I'm not against any
1229
00:50:12.700 -->
00:50:13.820of this. I want to see them try
1230
00:50:13.820 -->
00:50:15.040it. Let's see what they got. I think
1231
00:50:15.040 -->
00:50:18.920these guys have all the horses, all the
1232
00:50:18.920 -->
00:50:21.060fucking firepower. Let's, let's see what they're made
1233
00:50:21.060 -->
00:50:23.060of. Open source copies closed source, right? The
1234
00:50:23.060 -->
00:50:24.300closed source does it. They make a bunch
1235
00:50:24.300 -->
00:50:25.240of money off of it and then we
1236
00:50:25.240 -->
00:50:27.000copied in an open source form. Yeah, yeah,
1237
00:50:27.000 -->
00:50:28.840exactly. Yeah, exactly. Yeah, exactly. Now it's there
1238
00:50:28.840 -->
00:50:31.440is a such thing as there is no
1239
00:50:31.440 -->
00:50:34.060closed source anymore, right? Like, it's just, you
1240
00:50:34.060 -->
00:50:37.380can just deconstruct it all. Like, it's, uh,
1241
00:50:37.380 -->
00:50:40.760the, those days are, are behind us now.
1242
00:50:40.760 -->
00:50:42.460And I don't think the world has really
1243
00:50:42.460 -->
00:50:45.700realized that quite yet. But, uh, On the
1244
00:50:45.700 -->
00:50:48.000Google front, I'm going to take us to
1245
00:50:48.000 -->
00:50:50.500break now, but that's not the only information
1246
00:50:50.500 -->
00:50:54.500that they were dropping about something new with
1247
00:50:54.500 -->
00:50:57.920this crypto custody thing. But also, it seems
1248
00:50:57.920 -->
00:51:01.460they may have joined the race in a
1249
00:51:01.460 -->
00:51:04.040meaningful way to be near the top of
1250
00:51:04.040 -->
00:51:07.680the spots with their latest frontier model, too.
1251
00:51:07.680 -->
00:51:08.940So we're going to cover that in a
1252
00:51:08.940 -->
00:51:12.440second. And then also, probably the weirdest bug
1253
00:51:12.440 -->
00:51:16.320disclosure for Bitcoin Core I've ever seen. but
1254
00:51:16.320 -->
00:51:18.380I'm going to play a little video after
1255
00:51:18.380 -->
00:51:22.320the break too. I don't I don't even
1256
00:51:22.320 -->
00:51:24.920know what to say about it. Best segue
1257
00:51:24.920 -->
00:51:26.660ever. Good job, sir. Yeah, yeah, we'll be
1258
00:51:26.660 -->
00:51:29.060back a minute. Everybody drop those comments. A
1259
00:51:29.060 -->
00:51:33.540little Joey job there. Toss some chairs. I
1260
00:51:33.540 -->
00:51:35.000was going to say that makes me feel
1261
00:51:35.000 -->
00:51:36.940a lot better. Whatever I just saw makes
1262
00:51:36.940 -->
00:51:39.940me feel great. Dude, I mean, you'll see
1263
00:51:39.940 -->
00:51:42.240the video. Anyways, we'll be back in just
1264
00:51:42.240 -->
00:51:45.520a moment. Unless for some reason you think
1265
00:51:45.520 -->
00:51:47.560they're about to stop printing and stop borrowing,
1266
00:51:47.560 -->
00:51:49.280you know exactly where Bitcoin is going. And
1267
00:51:49.280 -->
00:51:50.880whether your stack is already at the size,
1268
00:51:50.880 -->
00:51:51.780where you know you should do something about
1269
00:51:51.780 -->
00:51:53.240it, or it's headed there, it's time your
1270
00:51:53.240 -->
00:51:55.420security caught up. That's why you need CASA
1271
00:51:55.420 -->
00:51:58.500premium. Your Bitcoin secured across five keys. Three
1272
00:51:58.500 -->
00:52:00.260on hardware from different vendors, one on your
1273
00:52:00.260 -->
00:52:02.400phone, and one held by CASA. Use any
1274
00:52:02.400 -->
00:52:03.660three to sign, which means if you lose
1275
00:52:03.660 -->
00:52:05.460one key, you don't lose your stack. It
1276
00:52:05.460 -->
00:52:07.080also means that CASA can't move it without
1277
00:52:07.080 -->
00:52:08.980you. The kit, devices and everything that goes
1278
00:52:08.980 -->
00:52:10.160with it, ships right to your door, and
1279
00:52:10.160 -->
00:52:11.840their advisory team walks you through the full
1280
00:52:11.840 -->
00:52:13.300setup. For those of you who care about
1281
00:52:13.300 -->
00:52:14.880privacy as much as I do, there's no
1282
00:52:14.880 -->
00:52:16.800KYC on the vault. Use any email you
1283
00:52:16.800 -->
00:52:18.340like, use any address you like. No one
1284
00:52:18.340 -->
00:52:20.220has to know your personal details. I know
1285
00:52:20.220 -->
00:52:21.380what you're thinking? What if something happens to
1286
00:52:21.380 -->
00:52:23.180Kasa? What about my family? Well, Sob and
1287
00:52:23.180 -->
00:52:24.800recover means that you can always rebuild using
1288
00:52:24.800 -->
00:52:26.700open source tools like Sparrow. And as for
1289
00:52:26.700 -->
00:52:28.840your family, CASA inheritance means you're not leaving
1290
00:52:28.840 -->
00:52:30.440them a locked box with no key. You
1291
00:52:30.440 -->
00:52:31.740invite them with an email and their key
1292
00:52:31.740 -->
00:52:33.380lies dormant while you're still alive, and should
1293
00:52:33.380 -->
00:52:35.020that day ever come, you don't have to
1294
00:52:35.020 -->
00:52:36.360worry about them having to figure it out
1295
00:52:36.360 -->
00:52:38.100when you're not around to ask. You've already
1296
00:52:38.100 -->
00:52:39.820taken care of it. So head to Kasa
1297
00:52:39.820 -->
00:52:42.260.io slash Sessions, promo code sessions, to receive
1298
00:52:42.260 -->
00:52:44.54010 % off your first year. That's cossa
1299
00:52:44.540 -->
00:52:47.260.io slash sessions, code sessions. Click the link
1300
00:52:47.260 -->
00:52:48.560in the description down below or scan the
1301
00:52:48.560 -->
00:52:51.280QR code on the screen. One company I
1302
00:52:51.280 -->
00:52:53.360like pointing people to when they ask about
1303
00:52:53.360 -->
00:52:56.520Bitcoin mining is abundant mines. They were founded
1304
00:52:56.520 -->
00:52:59.160by Beau and Christine Turner after losing over
1305
00:52:59.160 -->
00:53:01.700half a million dollars to broken promises in
1306
00:53:01.700 -->
00:53:04.000the mining industry, and they built their hosting
1307
00:53:04.000 -->
00:53:06.760model to remove the usual headaches. With abundant
1308
00:53:06.760 -->
00:53:09.600mines, you own your machines and keep 100
1309
00:53:09.600 -->
00:53:11.960% of the Bitcoin you mine. There's no
1310
00:53:11.960 -->
00:53:15.960revenue no hidden skims. Pricing is simple. One
1311
00:53:15.960 -->
00:53:18.960flat monthly fee covers power, parts, labor, and
1312
00:53:18.960 -->
00:53:22.280repairs. They also guarantee uptime. If a machine
1313
00:53:22.280 -->
00:53:25.100goes down, their hash rate redirect system, routes
1314
00:53:25.100 -->
00:53:27.460hash power from their fleet, so earnings don't
1315
00:53:27.460 -->
00:53:30.280just stop, and every machine is insured at
1316
00:53:30.280 -->
00:53:33.460full replacement value. Everything is hosted in the
1317
00:53:33.460 -->
00:53:36.400U .S., powered by hydro, and mining equipment
1318
00:53:36.400 -->
00:53:39.580may qualify for 100 % year -one bonus
1319
00:53:39.580 -->
00:53:43.380depreciation. Learn more at Abundant Minds. dot com
1320
00:53:43.380 -->
00:53:47.320slash sessions. Okay, I got to go for
1321
00:53:47.320 -->
00:53:48.680it. Okay, you I do. Okay, now I'm
1322
00:53:48.680 -->
00:53:49.280going to jump in. I'm going to jump
1323
00:53:49.280 -->
00:53:50.580in super quick. By the way, if it
1324
00:53:50.580 -->
00:53:52.280wasn't apparent that I was very, very jet
1325
00:53:52.280 -->
00:53:55.880-legged, but I did find a picture here
1326
00:53:55.880 -->
00:53:57.880of a giant bohemian. I just want to
1327
00:53:57.880 -->
00:53:59.580make sure I got that clear, giant bohemian.
1328
00:53:59.580 -->
00:54:01.240I believe he's also now head of marketing
1329
00:54:01.240 -->
00:54:03.020at Ocean. I think I think you mean
1330
00:54:03.020 -->
00:54:07.680Bavarian. My prompts are just going all over
1331
00:54:07.680 -->
00:54:09.940the place today. That's it. A Bavarian, bohemian.
1332
00:54:09.940 -->
00:54:14.680Yeah. Okay. We were talking about all these
1333
00:54:14.680 -->
00:54:18.340exploits and all of this spyware and everything
1334
00:54:18.340 -->
00:54:20.760on devices. Just this other random thing that
1335
00:54:20.760 -->
00:54:23.040came across my feet on the break here.
1336
00:54:23.040 -->
00:54:26.700This is pretty wild. This dude, he, again,
1337
00:54:26.700 -->
00:54:28.760on his phone here, first of all, he
1338
00:54:28.760 -->
00:54:33.080went through and he had permanently deleted all
1339
00:54:33.080 -->
00:54:35.880these different photos. Anyways, it found it on
1340
00:54:35.880 -->
00:54:42.740his device and on his cloud account. 145
1341
00:54:42.740 -->
00:54:46.520,000 plus photos that he had, quote, unquote,
1342
00:54:46.520 -->
00:54:51.700permanently deleted, just still stored and hidden away.
1343
00:54:51.700 -->
00:54:56.180Then, he also found 14 ,219 photos of
1344
00:54:56.180 -->
00:54:58.920his face on his Android phone that he
1345
00:54:58.920 -->
00:55:01.600never took. The thing was just taking photos
1346
00:55:01.600 -->
00:55:04.280basically every single time he picked it up.
1347
00:55:04.280 -->
00:55:08.920So, yeah, everything is watching you. Anyways, let's
1348
00:55:08.920 -->
00:55:11.820get to that bug disclosure. Enjoy this one,
1349
00:55:11.820 -->
00:55:15.200everybody. What's the deal with AI finding security
1350
00:55:15.200 -->
00:55:18.180holes? I don't want a computer telling me,
1351
00:55:18.180 -->
00:55:20.160your security is terrible. You're going to lose
1352
00:55:20.160 -->
00:55:23.080all your money. I want it saying, Mr.
1353
00:55:23.080 -->
00:55:25.460Seinfeld, I cured your cancer and did your
1354
00:55:25.460 -->
00:55:32.920shopping for you. Bitcoin inflation bug, Jerry, I'm
1355
00:55:32.920 -->
00:55:35.000going to be rich. You're not a hacker.
1356
00:55:35.000 -->
00:55:38.000I don't need to be. I've got AI.
1357
00:55:38.000 -->
00:55:43.320the plan. Something about undo files. First, buy
1358
00:55:43.320 -->
00:55:50.940a mining farm. So good. The AI says,
1359
00:55:50.940 -->
00:55:53.640hash power to mine 5 ,000 preparatory blocks,
1360
00:55:53.640 -->
00:55:56.320a 32 -bit undue file offset overflow, compatible
1361
00:55:56.320 -->
00:55:59.140undo records, matching parent hashes, a perfectly timed
1362
00:55:59.140 -->
00:56:01.540re -org, then extra coins. You understand any
1363
00:56:01.540 -->
00:56:10.140of that? I understood extra coins. I can't
1364
00:56:10.140 -->
00:56:12.460afford a mining farm, and I've spent over
1365
00:56:12.460 -->
00:56:16.280$1 ,000 on AI tokens. How much Bitcoin
1366
00:56:16.280 -->
00:56:19.960did you make? Nothing. The only thing you
1367
00:56:19.960 -->
00:56:25.960inflated was your bill. Anyways, that's a real
1368
00:56:25.960 -->
00:56:31.920bug disclosure. There's an inflation bug, but the
1369
00:56:31.920 -->
00:56:35.220set of circumstances that it would take to
1370
00:56:35.220 -->
00:56:38.760actually exploit it is literally you'd have to
1371
00:56:38.760 -->
00:56:42.140mine 5 ,000 blocks in a row and
1372
00:56:42.140 -->
00:56:45.260then you'd have to like basically it's it's
1373
00:56:45.260 -->
00:56:48.440a very convoluted thing but it's still there
1374
00:56:48.440 -->
00:56:51.980they did ship the patch to prevent even
1375
00:56:51.980 -->
00:56:56.480that from happening but yeah great great disclosure
1376
00:56:56.480 -->
00:57:00.280there there's also a couple other things and
1377
00:57:00.280 -->
00:57:01.800I'll bring up to you tf tf tz
1378
00:57:01.800 -->
00:57:07.260post two memory exhaustion vulnerabilities both rated medium
1379
00:57:07.260 -->
00:57:10.780so First allows a malicious peer to cause
1380
00:57:10.780 -->
00:57:14.220unbounded memory growth by pretending not to support
1381
00:57:14.220 -->
00:57:17.860BIP 31 non -st pings. This affects all
1382
00:57:17.860 -->
00:57:20.560platforms. The second lets an attacker send TCP
1383
00:57:20.560 -->
00:57:23.940urgent data to bypass back pressure limits and
1384
00:57:23.940 -->
00:57:27.760crash any Windows, Mac, or BSD node. Linux
1385
00:57:27.760 -->
00:57:32.480not affected. Basically, you can crash people's nodes
1386
00:57:32.480 -->
00:57:36.800by flooding it with data and, you know,
1387
00:57:36.800 -->
00:57:38.000taken down the memory. all that kind of
1388
00:57:38.000 -->
00:57:43.920stuff yeah uh thoughts update your notes i
1389
00:57:43.920 -->
00:57:50.420guess blake to b doesn't have this problem
1390
00:57:50.420 -->
00:57:52.220you know it's funny i saw a bunch
1391
00:57:52.220 -->
00:57:53.740of those comments in the reply and i
1392
00:57:53.740 -->
00:57:54.800was trying to figure it over sure i
1393
00:57:54.800 -->
00:57:56.680was i'm pretty sure they do because they
1394
00:57:56.680 -->
00:57:58.120would have been building off an older version
1395
00:57:58.120 -->
00:58:00.380of core so they absolutely do but good
1396
00:58:00.380 -->
00:58:02.280thing they've got a giant team of devs
1397
00:58:02.280 -->
00:58:03.980working behind the scenes to get that patch
1398
00:58:03.980 -->
00:58:05.640out there right away make sure everything is
1399
00:58:05.640 -->
00:58:07.340super sweet and secure as the price continues
1400
00:58:07.340 -->
00:58:10.800to drop. Yeah. And all the miners are
1401
00:58:10.800 -->
00:58:13.060super keen to continue mining into the, what
1402
00:58:13.060 -->
00:58:15.980is the 90 day delay now? Still, no,
1403
00:58:15.980 -->
00:58:18.540it's at 45 days. They still haven't gotten,
1404
00:58:18.540 -->
00:58:20.380that still unlock hasn't still happened and the
1405
00:58:20.380 -->
00:58:21.740price is still crashing down. That thing is
1406
00:58:21.740 -->
00:58:24.160just a dumpster fire. It's done. It's over.
1407
00:58:24.160 -->
00:58:25.620It's like, just take it up back and
1408
00:58:25.620 -->
00:58:27.140shoot it. Pull it up. I'm too busy
1409
00:58:27.140 -->
00:58:31.140clank, I haven't even been. Last I saw
1410
00:58:31.140 -->
00:58:33.520somebody sharing a chart, it was three, 300
1411
00:58:33.520 -->
00:58:34.700something. At one point, it was like a
1412
00:58:34.700 -->
00:58:37.320thousand. $300 more than it's worth. That's important.
1413
00:58:37.320 -->
00:58:39.000That's a lot for that. Oh, what I
1414
00:58:39.000 -->
00:58:41.060see in the chat, 180. Is that what
1415
00:58:41.060 -->
00:58:42.640it's at now? Oh, so I got cut
1416
00:58:42.640 -->
00:58:43.660in half a gag. Only 180 more than
1417
00:58:43.660 -->
00:58:46.420it's worth. Yeah. You can always lose another
1418
00:58:46.420 -->
00:58:49.16050 %, right? Don't forget. Don't forget. Always
1419
00:58:49.160 -->
00:58:53.180lose more voice. I just love the disclosures.
1420
00:58:53.180 -->
00:58:54.820It's good to see that, you know, someone
1421
00:58:54.820 -->
00:58:57.580somewhere has like unlimited tokens and unencumbered access
1422
00:58:57.580 -->
00:58:59.980to a model and they're finding like holes
1423
00:58:59.980 -->
00:59:02.440in the Bitcoin, I guess, you know, I
1424
00:59:02.440 -->
00:59:03.280don't want to call it a hole, but
1425
00:59:03.280 -->
00:59:05.040it's a vulnerability, let's call it. And they
1426
00:59:05.040 -->
00:59:07.020have so much extra firepower that they make
1427
00:59:07.020 -->
00:59:10.000a Seinfeld video after. That's good. I'm glad
1428
00:59:10.000 -->
00:59:11.740to see that. We can't get access to
1429
00:59:11.740 -->
00:59:13.240those models, of course. But the people who
1430
00:59:13.240 -->
00:59:14.680do, it's good to see they're using it
1431
00:59:14.680 -->
00:59:16.740in the right way. Great. Yeah, yeah, exactly.
1432
00:59:16.740 -->
00:59:20.360I like it. I feel like this is,
1433
00:59:20.360 -->
00:59:23.440I don't, I can't tell if this is
1434
00:59:23.440 -->
00:59:25.740real, if this is said and jest. But
1435
00:59:25.740 -->
00:59:31.140anyways, XRP, probably Safu right now, yeah. Yeah,
1436
00:59:31.140 -->
00:59:34.200anyways, I also wanted to highlight, we got
1437
00:59:34.200 -->
00:59:35.420off a little bit. it but I wanted
1438
00:59:35.420 -->
00:59:42.940to mention Google Gemini for carbon. And the
1439
00:59:42.940 -->
00:59:45.700rankings on this put it right up with
1440
00:59:45.700 -->
00:59:53.840a ton of the frontier models. So what,
1441
00:59:53.840 -->
00:59:57.700artificial analysis intelligence index, it's right to the
1442
00:59:57.700 -->
01:00:01.900top. Artificial Analysis Coding Agent Index, it's just
1443
01:00:01.900 -->
01:00:06.740behind Claude Code Opus, 5. 5 .5 max.
1444
01:00:06.740 -->
01:00:10.640So Google jumping a number of spots to
1445
01:00:10.640 -->
01:00:13.180be right up there with the big voice.
1446
01:00:13.180 -->
01:00:14.660This is which one, Ben? What is the
1447
01:00:14.660 -->
01:00:16.600name on that one? It should be though,
1448
01:00:16.600 -->
01:00:20.000right? It's called Gemini for carbon. Yeah, what
1449
01:00:20.000 -->
01:00:22.020about, okay, yeah, it should be. You're right,
1450
01:00:22.020 -->
01:00:23.100Walker. I agree with you there. But I'm
1451
01:00:23.100 -->
01:00:26.260wondering, like, I have Gemini open and I
1452
01:00:26.260 -->
01:00:29.560see, I have a pro account, and I
1453
01:00:29.560 -->
01:00:31.500don't see carbon, I see Argon. So is
1454
01:00:31.500 -->
01:00:34.160this there, Frontier, Frontier? Yeah, this is the
1455
01:00:34.160 -->
01:00:36.620next one. Gargon came out two weeks ago.
1456
01:00:36.620 -->
01:00:38.680And they're at O .5 .5. I mean,
1457
01:00:38.680 -->
01:00:39.860you know, let me know when you get
1458
01:00:39.860 -->
01:00:42.220closer to Fable, I guess. But like until
1459
01:00:42.220 -->
01:00:44.400then, you're still, what does this put them
1460
01:00:44.400 -->
01:00:46.220at? When did 5 .5 come out two
1461
01:00:46.220 -->
01:00:49.400months ago? Yeah. Like, this is still, like,
1462
01:00:49.400 -->
01:00:51.000man, you know, we just, we just talked
1463
01:00:51.000 -->
01:00:52.660about how these guys have all the horses
1464
01:00:52.660 -->
01:00:54.780in the stable that you would want to
1465
01:00:54.780 -->
01:00:57.440build an AI company. They own the compute.
1466
01:00:57.440 -->
01:01:00.060They have the IP to like build these
1467
01:01:00.060 -->
01:01:02.980things. They have the minds. The internet. Yeah.
1468
01:01:02.980 -->
01:01:04.600You know, to a larger stage. And they're
1469
01:01:04.600 -->
01:01:06.960behind. And they're behind. Like, how is this
1470
01:01:06.960 -->
01:01:09.080possible? They just don't care? Like, what is
1471
01:01:09.080 -->
01:01:12.260it? I have some theories. Tell me. I
1472
01:01:12.260 -->
01:01:18.080think you know what they are, Joey. We'll
1473
01:01:18.080 -->
01:01:21.220leave that for another day. We'll leave it
1474
01:01:21.220 -->
01:01:23.380for the viewer to us. We're starting our
1475
01:01:23.380 -->
01:01:25.440new hardware company. We're going to be selling
1476
01:01:25.440 -->
01:01:27.160NVIDIA chips. They're going to be in video
1477
01:01:27.160 -->
01:01:32.500clones called H1B's. The latest hardware for a
1478
01:01:32.500 -->
01:01:37.860guy, another Indian. But it is true. Like,
1479
01:01:37.860 -->
01:01:40.100there's something to this idea that, like, these
1480
01:01:40.100 -->
01:01:42.180guys have, should be the frontier of all
1481
01:01:42.180 -->
01:01:45.520this stuff. There was basically no reason why.
1482
01:01:45.520 -->
01:01:47.160And this is hard, it's hard to imagine
1483
01:01:47.160 -->
01:01:49.780this actually being the case that, like, Google
1484
01:01:49.780 -->
01:01:52.800had this huge head start basically in everything.
1485
01:01:52.800 -->
01:01:53.700Because like you said, Walker, they were at
1486
01:01:53.700 -->
01:01:55.480the, they were at the, you know. Yeah,
1487
01:01:55.480 -->
01:01:58.020but so did Netscape and so did Yahoo.
1488
01:01:58.020 -->
01:02:00.160Like, there was somebody that was going to
1489
01:02:00.160 -->
01:02:02.160overthrow them in. And so did Skype. But
1490
01:02:02.160 -->
01:02:04.380they didn't have mature markets the way these
1491
01:02:04.380 -->
01:02:06.660guys do. Like, these guys have mature markets
1492
01:02:06.660 -->
01:02:07.940now in the internet. We're at the, like
1493
01:02:07.940 -->
01:02:09.320these guys, for example, when it came to
1494
01:02:09.320 -->
01:02:12.320the phones, right, they had the, they had
1495
01:02:12.320 -->
01:02:13.300the, they had the, I think they were
1496
01:02:13.300 -->
01:02:16.000called the Nexus phones for a while. Like
1497
01:02:16.000 -->
01:02:19.140the in -house hardware, in -house chips, in
1498
01:02:19.140 -->
01:02:21.320-house, like, all that stuff was made by
1499
01:02:21.320 -->
01:02:24.200them or like a one -step manufacturer. So
1500
01:02:24.200 -->
01:02:25.700you're talking like, we're talking about like a
1501
01:02:25.700 -->
01:02:28.900smile value curve of hardware manufacturing. These guys
1502
01:02:28.900 -->
01:02:32.380had the whole thing. And 10 years later,
1503
01:02:32.380 -->
01:02:34.420I still remember during the pandemic, investing podcast
1504
01:02:34.420 -->
01:02:36.220going out. Apple, king of the smile curve,
1505
01:02:36.220 -->
01:02:38.540these guys had it a decade before and
1506
01:02:38.540 -->
01:02:40.300dropped the ball. And then you're talking about
1507
01:02:40.300 -->
01:02:42.760AI. You're talking about, you know, whether it's
1508
01:02:42.760 -->
01:02:45.120like these Chrome books or Chrome browser or
1509
01:02:45.120 -->
01:02:47.000whatever. Well, don't forget, you have all the
1510
01:02:47.000 -->
01:02:48.960major problems that come with like basically turning
1511
01:02:48.960 -->
01:02:51.760into a socialist country like Canada. That happens
1512
01:02:51.760 -->
01:02:53.200when these companies get to that size. You
1513
01:02:53.200 -->
01:02:55.420got HR departments. You think it's that too,
1514
01:02:55.420 -->
01:02:56.840eh? Yes, they're going to start to move
1515
01:02:56.840 -->
01:02:58.620slower. Like, I wouldn't be surprised to see
1516
01:02:58.620 -->
01:03:01.880Google get dethroned by SpayX. It definitely could
1517
01:03:01.880 -->
01:03:02.680be a human resources issue. It definitely could
1518
01:03:02.680 -->
01:03:04.120be a human resources issue. People could be
1519
01:03:04.120 -->
01:03:05.440lying on their residence. amazes to get into
1520
01:03:05.440 -->
01:03:06.700certain countries in order to get jobs that
1521
01:03:06.700 -->
01:03:08.700they want. Is that really a big problem,
1522
01:03:08.700 -->
01:03:10.680you think? I think so. I think when
1523
01:03:10.680 -->
01:03:12.660ever did you guys get that is that
1524
01:03:12.660 -->
01:03:14.720is that is that really a big problem?
1525
01:03:14.720 -->
01:03:17.980Yeah. Oh, okay. Hey, oh, drum kits behind.
1526
01:03:17.980 -->
01:03:20.380That was nice. Half the shot is like
1527
01:03:20.380 -->
01:03:21.980yeah, another half's like I don't I don't
1528
01:03:21.980 -->
01:03:25.140get it. You're always going to have the
1529
01:03:25.140 -->
01:03:27.120problems with these behemists and there is, like,
1530
01:03:27.120 -->
01:03:28.580Like we always think that it's impossible for
1531
01:03:28.580 -->
01:03:30.060them to get overthrown, but then you have
1532
01:03:30.060 -->
01:03:32.740some nimble company get some advantage, start building
1533
01:03:32.740 -->
01:03:34.580up momentum. And it's possible that they get,
1534
01:03:34.580 -->
01:03:35.740they get, they get, push back. Think about
1535
01:03:35.740 -->
01:03:37.920how much time they're probably wasting on Gemini
1536
01:03:37.920 -->
01:03:40.400compliance, right? In terms of like, what is
1537
01:03:40.400 -->
01:03:42.220it saying? Is it saying all the politically
1538
01:03:42.220 -->
01:03:43.680correct things? Is in line with what we
1539
01:03:43.680 -->
01:03:46.700deem acceptable? That they're neutering their own models
1540
01:03:46.700 -->
01:03:48.060along the way and how much of an
1541
01:03:48.060 -->
01:03:49.740impact they would have. If you're just going
1542
01:03:49.740 -->
01:03:52.260for the best of the best, pure meritocracy,
1543
01:03:52.260 -->
01:03:54.780you want to have the top AI model,
1544
01:03:54.780 -->
01:03:55.900you're not going to be trying to slow
1545
01:03:55.900 -->
01:03:58.540it down by saying, whoa, whoa, that's some
1546
01:03:58.540 -->
01:04:01.720uncomfortable information with regards to demographics and IQ.
1547
01:04:01.720 -->
01:04:03.380You can't have that. And trying to filter
1548
01:04:03.380 -->
01:04:05.620out. You're always trying to to get rid
1549
01:04:05.620 -->
01:04:06.960of information. If you can just let it
1550
01:04:06.960 -->
01:04:09.260take the data as it is, regardless of
1551
01:04:09.260 -->
01:04:10.700the outcome, you're going to end up having
1552
01:04:10.700 -->
01:04:12.920the better model. Do you guys remember when
1553
01:04:12.920 -->
01:04:15.600when Gemini was like first like kind of
1554
01:04:15.600 -->
01:04:18.340coming out and how their image generation was
1555
01:04:18.340 -->
01:04:20.460working when it was like, Genente, American Founding
1556
01:04:20.460 -->
01:04:22.340Fathers? and it was like, they're all black.
1557
01:04:22.340 -->
01:04:25.800Yeah. Give me a picture of your stereotypical
1558
01:04:25.800 -->
01:04:29.800Swedish family. Yeah, it was Netflix Swedes. Yeah.
1559
01:04:29.800 -->
01:04:31.420I mean, yeah, it was, yeah, super Netflix
1560
01:04:31.420 -->
01:04:33.220coded. But like, that's the thing like i
1561
01:04:33.220 -->
01:04:35.140think nathan that's a very good point just
1562
01:04:35.140 -->
01:04:38.020like the the cost of the cost of
1563
01:04:38.020 -->
01:04:39.700wokeness and the cost of compliance and these
1564
01:04:39.700 -->
01:04:42.500things slight digression but one thing that like
1565
01:04:42.500 -->
01:04:43.980we talked about how opus 5 .5 is
1566
01:04:43.980 -->
01:04:46.060what a couple months ago and it was
1567
01:04:46.060 -->
01:04:47.720honestly one of the like around them was
1568
01:04:47.720 -->
01:04:50.060like when i started using claude like really
1569
01:04:50.060 -->
01:04:52.460really really hard um and then just like
1570
01:04:52.460 -->
01:04:54.520you know now like maxed out the plan
1571
01:04:54.520 -->
01:04:56.420that i can get because it's it's fucking
1572
01:04:56.420 -->
01:04:58.760worth it um so much it's so fucking
1573
01:04:58.760 -->
01:05:00.860worth it it's actually so insanely cheap for
1574
01:05:00.860 -->
01:05:02.800what it gives me you know that's going
1575
01:05:02.800 -->
01:05:06.740to be incredible. Given Anthropic just put out
1576
01:05:06.740 -->
01:05:10.320their S1 and they're going to IPO soon,
1577
01:05:10.320 -->
01:05:12.920you know, leading up the IPO, they've probably,
1578
01:05:12.920 -->
01:05:14.720I bet they've got three different new model
1579
01:05:14.720 -->
01:05:17.100drops. They've been sitting on it, yep. Anthropic
1580
01:05:17.100 -->
01:05:19.060does, you think? What about the competitors, the
1581
01:05:19.060 -->
01:05:22.260guys who are already public? Timing, timing the
1582
01:05:22.260 -->
01:05:24.820price. They have every financial incentive. Yep, exactly.
1583
01:05:24.820 -->
01:05:27.360To have the biggest impact right before the
1584
01:05:27.360 -->
01:05:29.800IPO. Yep, bingo. So that's what they're going
1585
01:05:29.800 -->
01:05:31.480to do. I bet they've been holding some
1586
01:05:31.480 -->
01:05:33.480stuff, fine -tuning it. Even if it's ready
1587
01:05:33.480 -->
01:05:35.680to go now, just, it's like, not even
1588
01:05:35.680 -->
01:05:36.880that much better. But I bet they've got
1589
01:05:36.880 -->
01:05:39.060some that are like, what's the feature, Walker?
1590
01:05:39.060 -->
01:05:40.180What's the killer thing that you think they're
1591
01:05:40.180 -->
01:05:42.160hiding on? They're sitting on. I got, I
1592
01:05:42.160 -->
01:05:43.600got one suggestion. I want to hear yours.
1593
01:05:43.600 -->
01:05:45.880I'm curious what you think, yeah. It's ImageGen,
1594
01:05:45.880 -->
01:05:48.800is my guess. Speaking of that, Jim, I
1595
01:05:48.800 -->
01:05:51.380will say that Gemini is getting a lot
1596
01:05:51.380 -->
01:05:52.900better. Yeah, yeah, true, exactly. It is getting
1597
01:05:52.900 -->
01:05:54.620a lot better. So Gemini is not necessarily
1598
01:05:54.620 -->
01:05:56.760giving us terrible image generation anymore. So just
1599
01:05:56.760 -->
01:05:58.860want to throw that one up there. Sorry,
1600
01:05:58.860 -->
01:06:01.520Walker, I interrupted. No, you know, never apologize
1601
01:06:01.520 -->
01:06:05.420for showing a businesswoman on this show, you
1602
01:06:05.420 -->
01:06:08.900know. She's got, she's worth so many more
1603
01:06:08.900 -->
01:06:12.460multiples than we will ever be. But yeah,
1604
01:06:12.460 -->
01:06:13.800Sydney, if you're listening to this right now,
1605
01:06:13.800 -->
01:06:15.700you're welcome to come on this show anytime.
1606
01:06:15.700 -->
01:06:18.640Anytime, we'll give you the big panel. I
1607
01:06:18.640 -->
01:06:21.320don't know what that means, Joey, but please
1608
01:06:21.320 -->
01:06:22.800don't listen to Joey. We'll make sure he's
1609
01:06:22.800 -->
01:06:26.020not here for that episode. Sir, go ahead.
1610
01:06:26.020 -->
01:06:27.340No, I was just, I think we are
1611
01:06:27.340 -->
01:06:28.840going to get like, again, we know that
1612
01:06:28.840 -->
01:06:30.380the whole pace and Frontier thing was absolute
1613
01:06:30.380 -->
01:06:32.980bullshit. Like, we've talked about that, you know,
1614
01:06:32.980 -->
01:06:34.940a lot. The whole, you know, with Timu
1615
01:06:34.940 -->
01:06:36.820Harry Potter and all that shit. It was
1616
01:06:36.820 -->
01:06:39.600just the most fucking, like, just really blatant
1617
01:06:39.600 -->
01:06:42.080K -Faib you've ever seen. These guys are
1618
01:06:42.080 -->
01:06:43.740about to try to go so hard because
1619
01:06:43.740 -->
01:06:46.060they're going to need to continue justifying these.
1620
01:06:46.060 -->
01:06:47.260They got to justify, what was it, 1
1621
01:06:47.260 -->
01:06:50.380.3? 1 .3 trillion, right? Oh, geez, let
1622
01:06:50.380 -->
01:06:51.740me look up the estimates right now. I
1623
01:06:51.740 -->
01:06:53.380think it was like two at one point.
1624
01:06:53.380 -->
01:06:55.860It's high. There's some, there's some, I mean,
1625
01:06:55.860 -->
01:06:57.400I just to justify it. Yeah, they have
1626
01:06:57.400 -->
01:06:58.840to, it's getting harder. There's a little bit
1627
01:06:58.840 -->
01:07:01.340of finesse. in the debt structuring too that
1628
01:07:01.340 -->
01:07:02.840I haven't done to you to but but
1629
01:07:02.840 -->
01:07:04.320um i don't yeah to your point walker
1630
01:07:04.320 -->
01:07:05.180i don't think it matters you know what's
1631
01:07:05.180 -->
01:07:06.560interesting is you if you look at their
1632
01:07:06.560 -->
01:07:08.860one point five to two look at their
1633
01:07:08.860 -->
01:07:11.120run rate um last year compared to this
1634
01:07:11.120 -->
01:07:13.360year it's down by like almost 70 percent
1635
01:07:13.360 -->
01:07:14.980i'm pretty sure i saw so like they're
1636
01:07:14.980 -->
01:07:16.940obviously getting better at what they're doing even
1637
01:07:16.940 -->
01:07:19.280as token costs presumably are dropping for them
1638
01:07:19.280 -->
01:07:21.640right i i are you are you guys
1639
01:07:21.640 -->
01:07:22.960i mean i'll just ask you why the
1640
01:07:22.960 -->
01:07:25.700revenue for employees like six million per employee
1641
01:07:25.700 -->
01:07:27.500so are you going to buy that's fucking
1642
01:07:27.500 -->
01:07:29.180insane are you buying in November when they
1643
01:07:29.180 -->
01:07:31.640go public? No. No? No. No, I'll buy
1644
01:07:31.640 -->
01:07:33.740some more SpaceX and maybe a little bit
1645
01:07:33.740 -->
01:07:36.660more MSTR instead now. Okay. Have you considered
1646
01:07:36.660 -->
01:07:37.960buying Bitcoin? It might be a good idea
1647
01:07:37.960 -->
01:07:40.140too. But the other thing. I buy Bitcoin
1648
01:07:40.140 -->
01:07:42.860twice every hour of every day. There we
1649
01:07:42.860 -->
01:07:45.020go. I love it. Thank you for being
1650
01:07:45.020 -->
01:07:46.940the floor that we need. I'll just say
1651
01:07:46.940 -->
01:07:49.080the only the only thing that I, if
1652
01:07:49.080 -->
01:07:50.380I were to make a like a guess
1653
01:07:50.380 -->
01:07:52.360as to what Anthropics going to drop leading
1654
01:07:52.360 -->
01:07:54.240up to the IPO, because it's one of
1655
01:07:54.240 -->
01:07:56.100the things that I found that seems really
1656
01:07:56.100 -->
01:07:57.840kneecapped for some reason and I don't know
1657
01:07:57.840 -->
01:08:01.040why. It's the voice dictation, like having the
1658
01:08:01.040 -->
01:08:03.140voice chat with an agent that's then dictating
1659
01:08:03.140 -->
01:08:05.200an army of agents. I can sometimes call
1660
01:08:05.200 -->
01:08:06.700up that feature. I sometimes have to fight
1661
01:08:06.700 -->
01:08:08.380with it to call up that feature, where
1662
01:08:08.380 -->
01:08:09.940me and the voice bot are going through
1663
01:08:09.940 -->
01:08:11.900everything. And then it's dictating to different agents
1664
01:08:11.900 -->
01:08:13.280working on the project, what to do. You're
1665
01:08:13.280 -->
01:08:15.980talking about orchestration, right? Yeah, yeah. Basically like
1666
01:08:15.980 -->
01:08:18.060voice chat orchestration for an army of bots.
1667
01:08:18.060 -->
01:08:19.200I bet you that's the next feature of
1668
01:08:19.200 -->
01:08:21.160the drop. It's like a permanent thing. Well,
1669
01:08:21.160 -->
01:08:22.880that's what they're doing. That's what Anthropic is
1670
01:08:22.880 -->
01:08:25.480doing with, was it duo or duet? Like,
1671
01:08:25.480 -->
01:08:27.800that's their, that's their response to Grockbot. Because
1672
01:08:27.800 -->
01:08:30.780Grockbot's fucking amazing. Did it ever come Outwalker,
1673
01:08:30.780 -->
01:08:31.900the duet thing? I know we talked about
1674
01:08:31.900 -->
01:08:33.200it. I don't remember ever seen it in
1675
01:08:33.200 -->
01:08:34.320my cloud. It's in a research preview right
1676
01:08:34.320 -->
01:08:36.840now. I submitted to, like, get it, but
1677
01:08:36.840 -->
01:08:37.900there's no way they're going to give me,
1678
01:08:37.900 -->
01:08:40.400you know, early exodus. I'll be throw my
1679
01:08:40.400 -->
01:08:43.320hat in the ring, you know? But, like,
1680
01:08:43.320 -->
01:08:44.460I think that that is one of the
1681
01:08:44.460 -->
01:08:47.080most, like, useful things. Like, I use Grockbot
1682
01:08:47.080 -->
01:08:50.820for probably the majority of my, like, hey,
1683
01:08:50.820 -->
01:08:51.980I just like, either I have a, I
1684
01:08:51.980 -->
01:08:53.300have a question. I need to get, like,
1685
01:08:53.300 -->
01:08:54.700something done quickly. I need to set a
1686
01:08:54.700 -->
01:08:56.240reminder for myself. I need to, like, whatever
1687
01:08:56.240 -->
01:08:57.900it might be. but then also for like
1688
01:08:57.900 -->
01:08:59.540deep research on stuff, because I also know
1689
01:08:59.540 -->
01:09:01.720it's tied into X directly. And that's a
1690
01:09:01.720 -->
01:09:03.980super, super nice thing to be able to
1691
01:09:03.980 -->
01:09:05.660get really real -time data on that. So,
1692
01:09:05.660 -->
01:09:07.740like, from a research perspective, it's awesome. And
1693
01:09:07.740 -->
01:09:09.620it's also just like, that's a good experience.
1694
01:09:09.620 -->
01:09:10.760You pull up your primary. Now you can
1695
01:09:10.760 -->
01:09:12.140do, I have like, I have the fucking
1696
01:09:12.140 -->
01:09:16.200hotkey now. So what is it? Literally just
1697
01:09:16.200 -->
01:09:19.440like a hotkey Grockbot now on my iPhone.
1698
01:09:19.440 -->
01:09:21.740Hey, hey, what's up? Can you tell me
1699
01:09:21.740 -->
01:09:24.680something that'll make Joey from Canadian bitcoins, pee
1700
01:09:24.680 -->
01:09:30.260himself? I love the energy. No, okay, that's
1701
01:09:30.260 -->
01:09:32.720enough for me. All I really wanted to
1702
01:09:32.720 -->
01:09:34.620know there is what voice you're using. You
1703
01:09:34.620 -->
01:09:36.080got to know what voice people choose for
1704
01:09:36.080 -->
01:09:37.280the boss. I assume he's using Karlobaugh, but
1705
01:09:37.280 -->
01:09:39.440maybe I'm mistaken. I haven't figured out to
1706
01:09:39.440 -->
01:09:40.860tie it in yet, because you have to
1707
01:09:40.860 -->
01:09:45.140get special access to the XAI's developer program.
1708
01:09:45.140 -->
01:09:47.500They haven't given us yet. But no, I
1709
01:09:47.500 -->
01:09:49.680use a British one because I like to
1710
01:09:49.680 -->
01:09:51.320think it's sort of like, it's like reverse
1711
01:09:51.320 -->
01:09:53.600colonialism a little bit. You know, it's like,
1712
01:09:53.600 -->
01:09:56.260making them your slave. I love it. Exactly.
1713
01:09:56.260 -->
01:09:58.260Exactly. That's like, what do you use, Joey?
1714
01:09:58.260 -->
01:09:59.660Like a, kind of like a, maybe like
1715
01:09:59.660 -->
01:10:02.620a Punjabi accent? Mine is a standard, the
1716
01:10:02.620 -->
01:10:04.380standard, I think his name is Liam and
1717
01:10:04.380 -->
01:10:07.960Claude, the regular guy. Oh, interesting. Yeah, the
1718
01:10:07.960 -->
01:10:10.360regular guy. I will say, listen, I. Use
1719
01:10:10.360 -->
01:10:13.100a male assistant then. I have actually started
1720
01:10:13.100 -->
01:10:14.500talking to the clankton. I don't take orders
1721
01:10:14.500 -->
01:10:16.160from women. I'm not using Well, I'm, I
1722
01:10:16.160 -->
01:10:17.440talk to the clanker while I'm walking my
1723
01:10:17.440 -->
01:10:18.720dog now, which I never thought I would
1724
01:10:18.720 -->
01:10:20.620do, even a month ago. But it's like
1725
01:10:20.620 -->
01:10:24.460fucking free hour to get shit done. It's
1726
01:10:24.460 -->
01:10:26.720unbelievable. how good the stuff is anyway we
1727
01:10:26.720 -->
01:10:28.800talk oh yeah it's it's amazing the the
1728
01:10:28.800 -->
01:10:31.680chat and through is just like yeah it's
1729
01:10:31.680 -->
01:10:34.340just just a quick little voice note and
1730
01:10:34.340 -->
01:10:38.160shit gets done it's amazing yeah uh gents
1731
01:10:38.160 -->
01:10:40.920i got to pull up a couple things
1732
01:10:40.920 -->
01:10:45.360here uh i wanted to mention in regards
1733
01:10:45.360 -->
01:10:47.840to obviously there's been a lot of uh
1734
01:10:47.840 -->
01:10:51.060chatter and a lot of announcements of bitcoin
1735
01:10:51.060 -->
01:10:57.360miners dropping off and moving to data centers.
1736
01:10:57.360 -->
01:11:02.880However, this is notable here, look at the
1737
01:11:02.880 -->
01:11:08.280hash rate. It's almost recovered back to all
1738
01:11:08.280 -->
01:11:10.800-time highs. So it seems to be coming
1739
01:11:10.800 -->
01:11:15.080back a little bit with, you know, throughout
1740
01:11:15.080 -->
01:11:16.720the summer. Obviously, we had the bump in
1741
01:11:16.720 -->
01:11:18.780price, so that's going to impact it. But,
1742
01:11:18.780 -->
01:11:21.700you know, from a lot of those announcements
1743
01:11:21.700 -->
01:11:27.620of miners moving to AI data centers. I
1744
01:11:27.620 -->
01:11:30.280mean, are we a little surprised that with
1745
01:11:30.280 -->
01:11:32.620not that much of a price bump, we're
1746
01:11:32.620 -->
01:11:36.200already pushing up against previous all -time highs
1747
01:11:36.200 -->
01:11:37.620of hash rate? I want to get the
1748
01:11:37.620 -->
01:11:39.280boys' takes on this while I look for
1749
01:11:39.280 -->
01:11:41.000some more information. Holy shit, I found it,
1750
01:11:41.000 -->
01:11:43.460Joey. The other thing, chat, you'll know soon
1751
01:11:43.460 -->
01:11:45.800enough. The only thing that immediately jumps out
1752
01:11:45.800 -->
01:11:48.360to mind is that if you had geopolitical
1753
01:11:48.360 -->
01:11:50.960tensions with regards to even an existing dollar
1754
01:11:50.960 -->
01:11:52.940framework, that there might be an incentive for
1755
01:11:52.940 -->
01:11:54.780some of those companies to start taking cheap
1756
01:11:54.780 -->
01:11:57.540energy. and turning on hash. So I'm not
1757
01:11:57.540 -->
01:11:59.260surprised to see this bump up at all,
1758
01:11:59.260 -->
01:12:02.400but maybe Walker, you see something different. No,
1759
01:12:02.400 -->
01:12:03.680I do not, Nathan. I see the exact
1760
01:12:03.680 -->
01:12:05.900same thing. I think that this is like,
1761
01:12:05.900 -->
01:12:09.280you know, Bitcoin, I think that Bitcoin is
1762
01:12:09.280 -->
01:12:13.040a very binary, pun intended, it's a very
1763
01:12:13.040 -->
01:12:17.060binary thing. Like, it's either failing or it's
1764
01:12:17.060 -->
01:12:19.400repriced in the entire world. There is not
1765
01:12:19.400 -->
01:12:22.300really an in -between, right? So, like, that
1766
01:12:22.300 -->
01:12:23.520hash rate was either going to keep going
1767
01:12:23.520 -->
01:12:25.980down to zero, because everybody stopped giving a
1768
01:12:25.980 -->
01:12:27.800fuck, or of course it was going to
1769
01:12:27.800 -->
01:12:31.020jump back up. Like, of course it was
1770
01:12:31.020 -->
01:12:33.220going to. And I think that you have
1771
01:12:33.220 -->
01:12:36.960also, like, there's been a lot of, a
1772
01:12:36.960 -->
01:12:38.080lot, I think there was a lot of
1773
01:12:38.080 -->
01:12:41.520getting into AI data centers because that was
1774
01:12:41.520 -->
01:12:43.420the trendy, like, that was what was going
1775
01:12:43.420 -->
01:12:45.040to get your stock to pump. Like, oh,
1776
01:12:45.040 -->
01:12:47.740look, they've got all this capacity, and now
1777
01:12:47.740 -->
01:12:49.380they're turn it to AI. Like, boom, you
1778
01:12:49.380 -->
01:12:51.200like, send them, you know, triple their stock
1779
01:12:51.200 -->
01:12:55.520price. And then I think, like, Again, there's,
1780
01:12:55.520 -->
01:12:58.000there's some shenanigans going on in the, in
1781
01:12:58.000 -->
01:13:00.180the, in the, in the AI world in
1782
01:13:00.180 -->
01:13:02.760that sense. But like, you know, Bitcoin mining
1783
01:13:02.760 -->
01:13:04.700is a brutal industry, as anybody who's a
1784
01:13:04.700 -->
01:13:07.840Bitcoin miner will tell you, it's not easy.
1785
01:13:07.840 -->
01:13:10.420But also, Bitcoin mining is not an industry
1786
01:13:10.420 -->
01:13:13.080that is confined to the United States. And
1787
01:13:13.080 -->
01:13:15.300so we're not just looking here, as to
1788
01:13:15.300 -->
01:13:16.680your point, Nathan, we're not just looking at
1789
01:13:16.680 -->
01:13:19.340something that is, oh, this is about publicly
1790
01:13:19.340 -->
01:13:22.360traded American Bitcoin miners that move to AI
1791
01:13:22.360 -->
01:13:25.320coming back to, coming back to Bitcoin. I
1792
01:13:25.320 -->
01:13:26.280don't know if we have the data on
1793
01:13:26.280 -->
01:13:29.000where the hash rate's coming from, but I
1794
01:13:29.000 -->
01:13:31.300would guess that it's your point, Nathan, that
1795
01:13:31.300 -->
01:13:33.360it's probably coming from a lot of different
1796
01:13:33.360 -->
01:13:36.260places. And there's probably a lot of, again,
1797
01:13:36.260 -->
01:13:38.060if you have any sort of stranded energy
1798
01:13:38.060 -->
01:13:40.120or you have excess energy, especially if you
1799
01:13:40.120 -->
01:13:42.940have, let's say, embargoes on being able to
1800
01:13:42.940 -->
01:13:44.780move your energy to certain places or sell
1801
01:13:44.780 -->
01:13:46.740into certain markets, boy, it sure make a
1802
01:13:46.740 -->
01:13:48.180lot of sense for you to turn that
1803
01:13:48.180 -->
01:13:51.860excess energy into unfuckable money. But I'm no
1804
01:13:51.860 -->
01:13:55.100geopolitical strategist. just a humble geologist, so what
1805
01:13:55.100 -->
01:13:56.720do I know? And if you want to
1806
01:13:56.720 -->
01:13:58.860make sure that your transactions weren't somehow censored
1807
01:13:58.860 -->
01:14:00.840and confirmed in the block, you might have
1808
01:14:00.840 -->
01:14:02.100to do it yourself or make sure that
1809
01:14:02.100 -->
01:14:06.340you have the ability to do so. Joey,
1810
01:14:06.340 -->
01:14:07.580Ben, what we got? Ben, you want to
1811
01:14:07.580 -->
01:14:08.420the next section? It's going to be a
1812
01:14:08.420 -->
01:14:10.140fun one. Yeah, let's move on. Let's move
1813
01:14:10.140 -->
01:14:11.560on. We're going to close here. We may
1814
01:14:11.560 -->
01:14:15.060as well close hot. Okay, okay. In the
1815
01:14:15.060 -->
01:14:17.920chat, every week, there's like three segments, okay.
1816
01:14:17.920 -->
01:14:19.740And the third segment is always something, some
1817
01:14:19.740 -->
01:14:21.520bullshit that one of us puts in there.
1818
01:14:21.520 -->
01:14:23.300There's nothing to do with Bitcoin. Sometimes we
1819
01:14:23.300 -->
01:14:26.240hit it. Sometimes we don't. Ben, tell them
1820
01:14:26.240 -->
01:14:28.160what the third segment is this way. Okay,
1821
01:14:28.160 -->
01:14:34.420okay. Oh, boy. Okay. So, God, how do
1822
01:14:34.420 -->
01:14:36.560I even tee this up? I don't know.
1823
01:14:36.560 -->
01:14:38.440We want to help. We're here to help.
1824
01:14:38.440 -->
01:14:39.480We're here to help. We have an important
1825
01:14:39.480 -->
01:14:44.100public service announcement. This is critical for humanity
1826
01:14:44.100 -->
01:14:47.520moving forward. Oh, okay. What is what is
1827
01:14:47.520 -->
01:14:50.140going on here? Jennifer Lawrence. Come on. Can
1828
01:14:50.140 -->
01:14:51.360you enhance that? We got to zoom in,
1829
01:14:51.360 -->
01:14:55.440motherfucker. I mean, whatever. Got it's the, it's
1830
01:14:55.440 -->
01:14:57.960the, it's the like, and those are professional
1831
01:14:57.960 -->
01:14:59.140photos too, by the way. This just take
1832
01:14:59.140 -->
01:15:02.660a moment. That is a professional staged photo.
1833
01:15:02.660 -->
01:15:04.420You have the best photographer, the best lighting,
1834
01:15:04.420 -->
01:15:06.840the best editors, and that's the best best
1835
01:15:06.840 -->
01:15:09.800you got. What did they do to her?
1836
01:15:09.800 -->
01:15:11.580Guess, Walker. What do you think they did?
1837
01:15:11.580 -->
01:15:14.160Without telling him what happened here? What, what
1838
01:15:14.160 -->
01:15:16.200surgery did she have done? There's two big
1839
01:15:16.200 -->
01:15:17.420ones to stand out to meet. And I
1840
01:15:17.420 -->
01:15:20.000think they're the worst. Added something right here
1841
01:15:20.000 -->
01:15:22.040in the... Close, but you're going in the
1842
01:15:22.040 -->
01:15:24.460wrong direction. And the old mandibles? They pulled
1843
01:15:24.460 -->
01:15:27.060the bochle fat out. They sucked out the
1844
01:15:27.060 -->
01:15:29.140cheek fat out. She's going to get bochle
1845
01:15:29.140 -->
01:15:31.520fat re -inserted in like 10 years. What's
1846
01:15:31.520 -->
01:15:33.140the other thing? What's the other thing she
1847
01:15:33.140 -->
01:15:35.280had done? Almost more egregious than that. Bridge
1848
01:15:35.280 -->
01:15:36.920of the nose. There's something going on the
1849
01:15:36.920 -->
01:15:41.000way. It's facelift. No. She had her hooded.
1850
01:15:41.000 -->
01:15:42.860Hooded eyelids. Oh, that's what it was. They
1851
01:15:42.860 -->
01:15:44.760took it. They cut the extra skin. They
1852
01:15:44.760 -->
01:15:46.980tuck them up, basically. And you get rid
1853
01:15:46.980 -->
01:15:48.400of that hooded eye look. Which, by the
1854
01:15:48.400 -->
01:15:51.260way, I mean, hooded eyes are a feature
1855
01:15:51.260 -->
01:15:52.920that's been in the species for a million
1856
01:15:52.920 -->
01:15:56.020years, okay? Like, you can be hot with
1857
01:15:56.020 -->
01:15:58.200hooded eyes. There's no, no one is ever
1858
01:15:58.200 -->
01:16:00.520going to say, man, that girl's a dime
1859
01:16:00.520 -->
01:16:03.500except for her hooded eyes. Certainly no fucking,
1860
01:16:03.500 -->
01:16:05.580like, red -blooded male is going to say
1861
01:16:05.580 -->
01:16:07.560that. And Ben, scroll down, there is the
1862
01:16:07.560 -->
01:16:08.800side -by -side photo. You got to get
1863
01:16:08.800 -->
01:16:10.440that side -by -side photo. Pull -up. She
1864
01:16:10.440 -->
01:16:22.360was like a nice, not that one. Later.
1865
01:16:22.360 -->
01:16:23.460where I saw it as we were scrolling
1866
01:16:23.460 -->
01:16:24.880through. I mean, that's what she used to
1867
01:16:24.880 -->
01:16:28.200look like. Oh, Jesus. It is really, this
1868
01:16:28.200 -->
01:16:29.980is really dangerous. Guys, I don't know if
1869
01:16:29.980 -->
01:16:31.780I can scroll. I don't know what's going
1870
01:16:31.780 -->
01:16:34.760to up here. The other thing, too, like
1871
01:16:34.760 -->
01:16:37.100in the interview she gave to, to, if
1872
01:16:37.100 -->
01:16:38.740the interview she gave to the cut, she
1873
01:16:38.740 -->
01:16:40.720talks about wanting to be a hot mom.
1874
01:16:40.720 -->
01:16:43.400And it's like, hot as you get older
1875
01:16:43.400 -->
01:16:47.380means different things. It's like, when you're 22,
1876
01:16:47.380 -->
01:16:50.02023 years old, okay, it's like this girl's
1877
01:16:50.020 -->
01:16:51.840a rocket at the bar. But none of
1878
01:16:51.840 -->
01:16:54.620our wives are. 22 or 23, I mean,
1879
01:16:54.620 -->
01:16:55.940my wife is more beautiful to me now
1880
01:16:55.940 -->
01:16:57.100than the day I met her. She's the
1881
01:16:57.100 -->
01:16:59.520mother of my child. She's like my partner
1882
01:16:59.520 -->
01:17:01.080in crime. Like, you know, like all the
1883
01:17:01.080 -->
01:17:03.140things we do together and have built together.
1884
01:17:03.140 -->
01:17:04.700That's what beauty looks like as you get
1885
01:17:04.700 -->
01:17:06.140older. No, no. You mix two things up
1886
01:17:06.140 -->
01:17:07.800there. I think it's a very key distinction.
1887
01:17:07.800 -->
01:17:08.900And no, no, was that, what was the
1888
01:17:08.900 -->
01:17:10.840name of that girl from like, she did
1889
01:17:10.840 -->
01:17:12.160the stuff with like Ryan Reynolds back of
1890
01:17:12.160 -->
01:17:14.220the day? She was an American pie. And
1891
01:17:14.220 -->
01:17:16.460she just, she just became like just terrible,
1892
01:17:16.460 -->
01:17:19.520just awful. Tara. Terror read. Yes. Terri read
1893
01:17:19.520 -->
01:17:21.660is a good example of this. There is.
1894
01:17:21.660 -->
01:17:23.060And like, ladies. we just need to for
1895
01:17:23.060 -->
01:17:24.160the 12 of you listening for the love
1896
01:17:24.160 -->
01:17:26.680of god tell the others there is a
1897
01:17:26.680 -->
01:17:30.120very very clear distinction and any male will
1898
01:17:30.120 -->
01:17:32.000be able to articulate at least identify it
1899
01:17:32.000 -->
01:17:34.460there's a difference between hot and beautiful there
1900
01:17:34.460 -->
01:17:36.220is a very there is a difference between
1901
01:17:36.220 -->
01:17:39.260hot and beautiful one is also particular only
1902
01:17:39.260 -->
01:17:42.440with youth and it's fleeting right but women
1903
01:17:42.440 -->
01:17:45.200can be absolutely gorgeous into their later years
1904
01:17:45.200 -->
01:17:48.720without a good take that beauty thing look
1905
01:17:48.720 -->
01:17:50.040at this side by side i gotta get
1906
01:17:50.040 -->
01:17:52.780walker here on this but like The her
1907
01:17:52.780 -->
01:17:55.260on the right is a very attractive woman.
1908
01:17:55.260 -->
01:17:56.480She looks great. She's got her makeup done
1909
01:17:56.480 -->
01:17:57.680right. She knows how to work her face.
1910
01:17:57.680 -->
01:17:59.280It looks wonderful. The person on the left
1911
01:17:59.280 -->
01:18:01.700also feels like masculinized to me a little
1912
01:18:01.700 -->
01:18:03.640bit, too. It doesn't feel as feminine, right?
1913
01:18:03.640 -->
01:18:05.480This feels like it's pulling towards, I dare
1914
01:18:05.480 -->
01:18:08.100say it, a young male of some kind.
1915
01:18:08.100 -->
01:18:11.160I hate these things. I don't think any
1916
01:18:11.160 -->
01:18:13.280straight man likes it. If you're getting advice
1917
01:18:13.280 -->
01:18:15.480on plastic surgeries, particularly for your face, which
1918
01:18:15.480 -->
01:18:17.340is so easy to screw up, it's not
1919
01:18:17.340 -->
01:18:20.300enhancing it. It's coming from other women and
1920
01:18:20.300 -->
01:18:22.180it's coming from gay dudes. Straight men do
1921
01:18:22.180 -->
01:18:24.420not like this look at all. There is
1922
01:18:24.420 -->
01:18:26.140no dude who walked into a bar and
1923
01:18:26.140 -->
01:18:27.520go, I'm going to take the one on
1924
01:18:27.520 -->
01:18:28.860the left. Not to mention, it's also a
1925
01:18:28.860 -->
01:18:31.360clear signal of the high maintenance that you're
1926
01:18:31.360 -->
01:18:32.960going to be, right? It's a bit of
1927
01:18:32.960 -->
01:18:34.820a warning flag. If you see a girl
1928
01:18:34.820 -->
01:18:36.400who's at a ton of work done, you
1929
01:18:36.400 -->
01:18:37.880know that she's going to be expensive and
1930
01:18:37.880 -->
01:18:39.880probably bitchy. And I want nothing to do
1931
01:18:39.880 -->
01:18:42.720with that narcissistic personality. Men are looking for
1932
01:18:42.720 -->
01:18:45.440beautiful. And also, I could go into so
1933
01:18:45.440 -->
01:18:47.300many wonderful life lessons about this. If we're
1934
01:18:47.300 -->
01:18:49.520thinking about the kind of guy that you
1935
01:18:49.520 -->
01:18:51.300want to attract, you're not looking for. for
1936
01:18:51.300 -->
01:18:52.720the guy who's with you because you're hot,
1937
01:18:52.720 -->
01:18:54.220because that's fleeting. You want the guy who
1938
01:18:54.220 -->
01:18:55.880thinks that you're absolutely beautiful, like all of
1939
01:18:55.880 -->
01:18:57.760us think that our wives will, because they're
1940
01:18:57.760 -->
01:18:58.980the one that's actually going to commit, stick
1941
01:18:58.980 -->
01:19:00.280it out in the long run, and do
1942
01:19:00.280 -->
01:19:01.940not care about this shit and don't want
1943
01:19:01.940 -->
01:19:03.560you to fuck up your face in the
1944
01:19:03.560 -->
01:19:06.600coming years. Show, uh, show Mani Moore. Mani
1945
01:19:06.600 -->
01:19:09.240more. Oh, my God. Okay. So I went
1946
01:19:09.240 -->
01:19:10.860down this rabbit hole today, this like hooded
1947
01:19:10.860 -->
01:19:13.460eye surgery. And there's some unbelievable before and
1948
01:19:13.460 -->
01:19:15.400afters. I had brought up this one because
1949
01:19:15.400 -->
01:19:19.040I remember like the, when Renee Zellweiger did
1950
01:19:19.040 -->
01:19:20.860it and people were like, who even is
1951
01:19:20.860 -->
01:19:23.240that? But this is worse. This one from
1952
01:19:23.240 -->
01:19:28.880Mandy Moore, unrecognizable. It's jarring. Who is that?
1953
01:19:28.880 -->
01:19:34.320Well, that is unreal. Crazy. And I realized,
1954
01:19:34.320 -->
01:19:35.300like, I don't know when that picture on
1955
01:19:35.300 -->
01:19:36.620the left is. My guess is she's probably
1956
01:19:36.620 -->
01:19:37.94010 or 15 years younger in the one
1957
01:19:37.940 -->
01:19:40.220on the left, but like, it's a different
1958
01:19:40.220 -->
01:19:43.200person. There's no, like, I'm not a, you
1959
01:19:43.200 -->
01:19:45.760know, predictive forecaster in terms of, you know,
1960
01:19:45.760 -->
01:19:47.780looks maxing. But you can't tell me that
1961
01:19:47.780 -->
01:19:51.120Mandy Moore, okay, with a one in 100,
1962
01:19:51.120 -->
01:19:53.980thousand face card would not have aged better
1963
01:19:53.980 -->
01:19:56.720on the left than she looks now on
1964
01:19:56.720 -->
01:19:58.700I just don't believe it. I don't care.
1965
01:19:58.700 -->
01:20:00.600Even if you didn't, even if you didn't,
1966
01:20:00.600 -->
01:20:02.380when you're young and you're at that 10,
1967
01:20:02.380 -->
01:20:04.880find yourself a 10 male, lock it down,
1968
01:20:04.880 -->
01:20:05.820be a good wife, and you don't have
1969
01:20:05.820 -->
01:20:08.360to worry about this shit. You're done, and
1970
01:20:08.360 -->
01:20:11.100your husband will worship you. You're absolutely done.
1971
01:20:11.100 -->
01:20:13.500Walker, get in here, man. I'm lucky. My
1972
01:20:13.500 -->
01:20:17.240wife is both still smoking hot and beautiful.
1973
01:20:17.240 -->
01:20:21.720So I've, you know, like, she's, maintained both.
1974
01:20:21.720 -->
01:20:24.060I'm grateful to her for that. But again,
1975
01:20:24.060 -->
01:20:25.080she got dealt a hell of a face
1976
01:20:25.080 -->
01:20:28.940card. But, boy, I think that we're kind
1977
01:20:28.940 -->
01:20:30.360of, we're at a very close point to
1978
01:20:30.360 -->
01:20:34.140being post this, like, super dramatic plastic surgery
1979
01:20:34.140 -->
01:20:36.360thing. Like, I get, like, some people, like,
1980
01:20:36.360 -->
01:20:37.460they think their nose is a little too
1981
01:20:37.460 -->
01:20:39.060big or whatever. And, like, maybe they get,
1982
01:20:39.060 -->
01:20:40.200like, a little bit of the bone shaved
1983
01:20:40.200 -->
01:20:42.080off or something. It's not super noticeable, but
1984
01:20:42.080 -->
01:20:43.320maybe it makes them feel a bit better.
1985
01:20:43.320 -->
01:20:45.100Okay, whatever, you know, do you want your
1986
01:20:45.100 -->
01:20:46.760own own body, right? Like, fuck, people are
1987
01:20:46.760 -->
01:20:48.960chopping off their dicks and, or putting the
1988
01:20:48.960 -->
01:20:50.900forearms. four dicks. Like, I don't know, people
1989
01:20:50.900 -->
01:20:52.360are doing all sorts of crazy stuff these
1990
01:20:52.360 -->
01:20:53.120days. It's not the worst shit you could
1991
01:20:53.120 -->
01:20:55.640do. Yeah, but like. It's not Elliot Page
1992
01:20:55.640 -->
01:20:59.200over here, at least. I'm, I'm so grateful,
1993
01:20:59.200 -->
01:21:01.120I'm so grateful that my wife has had
1994
01:21:01.120 -->
01:21:06.660zero work done. And like, and because, one,
1995
01:21:06.660 -->
01:21:08.060like, she doesn't need it, but I think
1996
01:21:08.060 -->
01:21:10.100if most women, I think part of it
1997
01:21:10.100 -->
01:21:11.860is like a, it's like, what kind of
1998
01:21:11.860 -->
01:21:14.360support system you have around you. And if
1999
01:21:14.360 -->
01:21:15.980you have people around you who aren't telling
2000
01:21:15.980 -->
01:21:17.240you, like, hey, you don't need to do
2001
01:21:17.240 -->
01:21:18.720that. What are you talking about? You, like,
2002
01:21:18.720 -->
01:21:21.280you look at, like, you look absolutely beautiful.
2003
01:21:21.280 -->
01:21:23.340If you don't have that around you, and
2004
01:21:23.340 -->
01:21:27.020I think especially, it's probably difficult being like,
2005
01:21:27.020 -->
01:21:30.080I don't know, a Hollywood starlit and there's
2006
01:21:30.080 -->
01:21:31.960just like, there's, you know, probably don't have
2007
01:21:31.960 -->
01:21:34.820the best support system around you in general.
2008
01:21:34.820 -->
01:21:37.500But man, like, if, for, if there happened
2009
01:21:37.500 -->
01:21:38.780to be any ladies here who are thinking
2010
01:21:38.780 -->
01:21:42.280about getting extensive work done, I would really
2011
01:21:42.280 -->
01:21:45.440strongly reconsider that because, boy, you can't, you
2012
01:21:45.440 -->
01:21:46.660can't take that back. And like, all the
2013
01:21:46.660 -->
01:21:48.900people, I mean, there are women, like, I
2014
01:21:48.900 -->
01:21:49.560know people like, I know people would like,
2015
01:21:49.560 -->
01:21:51.160started doing fillers and all that kind of
2016
01:21:51.160 -->
01:21:54.480stuff, like, very early. You know who didn't
2017
01:21:54.480 -->
01:21:54.900get work done? You got to do that
2018
01:21:54.900 -->
01:21:59.100for the rest of your life. Kate? Yeah.
2019
01:21:59.100 -->
01:22:01.160Didn't get work done. She's 51. Look at
2020
01:22:01.160 -->
01:22:04.320Cam Diaz, too. Cam Diaz's similar story, right?
2021
01:22:04.320 -->
01:22:07.180Like, she looks older, but like, that's beauty.
2022
01:22:07.180 -->
01:22:08.320But like, yeah, I mean, like a great
2023
01:22:08.320 -->
01:22:11.400way. Yeah, that's all. There's an Orwell quote
2024
01:22:11.400 -->
01:22:13.440that's by 50, by 50 years old, you
2025
01:22:13.440 -->
01:22:15.700get the face that you deserve. And the
2026
01:22:15.700 -->
01:22:17.160irony here is that, like, a lot of
2027
01:22:17.160 -->
01:22:19.560these people are just like, they're giving themselves.
2028
01:22:19.560 -->
01:22:21.300the face they deserve like actively it's not
2029
01:22:21.300 -->
01:22:23.200just them being like terrible people like that
2030
01:22:23.200 -->
01:22:24.620was orwell's quote right so you know you
2031
01:22:24.620 -->
01:22:26.020get like the i think we were talking
2032
01:22:26.020 -->
01:22:27.500about this the other week joey like victoria
2033
01:22:27.500 -->
01:22:31.160newland you know like that bitch has the
2034
01:22:31.160 -->
01:22:32.600face she deserves no we got to get
2035
01:22:32.600 -->
01:22:33.940her under the knife she needs to be
2036
01:22:33.940 -->
01:22:35.800under the knife vicky yeah other girls they
2037
01:22:35.800 -->
01:22:38.020do not yeah we're not calling for violence
2038
01:22:38.020 -->
01:22:40.280to clarify um but yeah i don't know
2039
01:22:40.280 -->
01:22:44.460like man you be very careful about having
2040
01:22:44.460 -->
01:22:47.660permanent uh unfixed like you can't you can't
2041
01:22:47.660 -->
01:22:49.360there's no undo button there's no control z
2042
01:22:49.360 -->
01:22:50.780there's no control z there there. And you
2043
01:22:50.780 -->
01:22:52.440start doing it, all these people that start
2044
01:22:52.440 -->
01:22:54.240doing it, they keep doing it because they're
2045
01:22:54.240 -->
01:22:57.980chasing this image of themselves that doesn't exist.
2046
01:22:57.980 -->
01:22:58.980And even when they get to that image
2047
01:22:58.980 -->
01:23:01.400of themselves, they think that they want, everyone
2048
01:23:01.400 -->
01:23:04.640else looks and says, oh, fuck, what did
2049
01:23:04.640 -->
01:23:06.480you do to yourself? Like, you used to
2050
01:23:06.480 -->
01:23:08.180be really beautiful, like, or, you know, for
2051
01:23:08.180 -->
01:23:10.000like guys, dude, it's like, I hope, I
2052
01:23:10.000 -->
01:23:12.420hope clavicular doesn't go too far into this.
2053
01:23:12.420 -->
01:23:13.820You know what I mean? I know, I
2054
01:23:13.820 -->
01:23:15.700know. Like, because he's a young man, he's
2055
01:23:15.700 -->
01:23:18.460a smart guy, a good autistic. I hope,
2056
01:23:18.460 -->
01:23:19.340I hope he knows where to stop. And
2057
01:23:19.340 -->
01:23:21.880hopefully, he's autistic enough where he can stop
2058
01:23:21.880 -->
01:23:25.200just before it becomes too late. So, Clav,
2059
01:23:25.200 -->
01:23:26.080if you're listening to this, which I know
2060
01:23:26.080 -->
01:23:27.600you tune in every, you know, everyone on
2061
01:23:27.600 -->
01:23:29.660the show, Clav, come on the show. That'd
2062
01:23:29.660 -->
01:23:32.920be fun, man. He's a smart young man.
2063
01:23:32.920 -->
01:23:35.400I did find Cameron Diaz. Apparently, some work
2064
01:23:35.400 -->
01:23:38.400done in 2006, but had multiple broken noses,
2065
01:23:38.400 -->
01:23:39.120so it was more of like a breathing
2066
01:23:39.120 -->
01:23:43.600repair. 2006. 2006. Also, I didn't know this
2067
01:23:43.600 -->
01:23:44.740until like a little while ago. We had,
2068
01:23:44.740 -->
01:23:46.180Joey, we were at a a concert there
2069
01:23:46.180 -->
01:23:48.680together, but married to, I believe, the frontman
2070
01:23:48.680 -->
01:23:51.920from Good Charlotte. Charlotte, yeah. Yeah. Me and
2071
01:23:51.920 -->
01:23:54.120my buddy realize that. This is a pop
2072
01:23:54.120 -->
01:23:56.300culture show now. We do all the things
2073
01:23:56.300 -->
01:23:59.040here. It's important, though, like Bitcoin, you're going
2074
01:23:59.040 -->
01:24:01.020to find yourself in situations that maybe you
2075
01:24:01.020 -->
01:24:03.140wouldn't have if you had not found Bitcoin,
2076
01:24:03.140 -->
01:24:05.100where you can say the right thing to
2077
01:24:05.100 -->
01:24:08.740your right person without fear of reprisal. Like,
2078
01:24:08.740 -->
01:24:10.520you, you owe it to people who you
2079
01:24:10.520 -->
01:24:12.140care about to tell them these things, not
2080
01:24:12.140 -->
01:24:14.360to just go, yeah, maybe just a little
2081
01:24:14.360 -->
01:24:17.240bit of fucking boogle fat removal or whatever.
2082
01:24:17.240 -->
01:24:19.560Yeah, it's a time preference thing. Like, time.
2083
01:24:19.560 -->
01:24:22.160The same plastic surgeons that do the bucle
2084
01:24:22.160 -->
01:24:25.560fat removal do buckel fat injections. I ain't
2085
01:24:25.560 -->
01:24:27.400not heard of this. I'm not surprised, though.
2086
01:24:27.400 -->
01:24:29.860It's a fucking loop, man. Yeah, because you
2087
01:24:29.860 -->
01:24:32.220take out what makes you look youthful. Yeah.
2088
01:24:32.220 -->
01:24:33.900And then later, when you're no longer youthful,
2089
01:24:33.900 -->
01:24:36.000you get the youthful stuff injected back in.
2090
01:24:36.000 -->
01:24:38.040It's like, this is just a fucking predatory
2091
01:24:38.040 -->
01:24:40.780plastic surgeons. Would you say that it's Fiat?
2092
01:24:40.780 -->
01:24:42.660That's maybe a scam? I'd say it's pretty
2093
01:24:42.660 -->
01:24:44.960fucking Fiat. Yeah. So Fiat is fucked. Fiat
2094
01:24:44.960 -->
01:24:47.840is fucked. So. Yeah. Yeah. Gents, just to
2095
01:24:47.840 -->
01:24:50.000round out here, I did want to mention
2096
01:24:50.000 -->
01:24:55.200that just dropped a tutorial on, I got
2097
01:24:55.200 -->
01:24:59.940an Avalon Q. It's one of those space
2098
01:24:59.940 -->
01:25:02.300heater kind of, and it's pretty bad, I
2099
01:25:02.300 -->
01:25:04.480think it goes up to like 90 terra
2100
01:25:04.480 -->
01:25:06.500hash a second or something like that. Like,
2101
01:25:06.500 -->
01:25:08.860it's, I believe you're right, yeah. Yeah, it's
2102
01:25:08.860 -->
01:25:11.580about, it's like 15 times as powerful as
2103
01:25:11.580 -->
01:25:14.480the little like 3S that I did, I
2104
01:25:14.480 -->
01:25:15.800don't know, a year ago or something. something
2105
01:25:15.800 -->
01:25:19.240like that. Anyways, kicks off some heat and
2106
01:25:19.240 -->
01:25:21.380pretty quiet, too. So I've been dicking around
2107
01:25:21.380 -->
01:25:25.160with it and did a fun tutorial. Side
2108
01:25:25.160 -->
01:25:27.040note, I won't show the video here, but
2109
01:25:27.040 -->
01:25:30.560I shared it into the BitCast Bag Chat.
2110
01:25:30.560 -->
01:25:33.740I'm filming and I'm recording, like, in the
2111
01:25:33.740 -->
01:25:35.800app and showing how it works and everything.
2112
01:25:35.800 -->
01:25:40.960And the lovely Mrs. Sessions sends me a
2113
01:25:40.960 -->
01:25:45.680message that's just laden with expletives, like, on.
2114
01:25:45.680 -->
01:25:47.600the screen as I'm recording and I just
2115
01:25:47.600 -->
01:25:49.100left it in for the editor to find
2116
01:25:49.100 -->
01:25:51.420and he made a nice little edit of
2117
01:25:51.420 -->
01:25:54.540it. So thanks Mrs. Sessions for always making
2118
01:25:54.540 -->
01:26:00.920my tutorial recordings eventful. But yeah, we'll round
2119
01:26:00.920 -->
01:26:04.460out here. Anything, Nathan, you got something you
2120
01:26:04.460 -->
01:26:06.440want to run there? I am put I
2121
01:26:06.440 -->
01:26:07.820am, I should, I'm going to stay a
2122
01:26:07.820 -->
01:26:10.280plate. I should have another podcast dropping tomorrow
2123
01:26:10.280 -->
01:26:12.900with our dear Walker and another guest coming
2124
01:26:12.900 -->
01:26:14.340up. Walker, do we have everything ready for
2125
01:26:14.340 -->
01:26:16.420that one? Are we good to go? Yeah,
2126
01:26:16.420 -->
01:26:17.440I mean, my wife told me I'm not
2127
01:26:17.440 -->
01:26:19.060allowed to stay up until 4 a .m.
2128
01:26:19.060 -->
01:26:20.060tonight, so I guess I've got to have
2129
01:26:20.060 -->
01:26:22.640it done by 2 a .m. Yeah, I
2130
01:26:22.640 -->
01:26:24.280know. And they go, I'm in bed, honey.
2131
01:26:24.280 -->
01:26:27.040Don't worry. But yeah, we're good to go.
2132
01:26:27.040 -->
01:26:28.740We're good to go. All right. Fantastic. So,
2133
01:26:28.740 -->
01:26:30.220guys, look out for that one because Walker
2134
01:26:30.220 -->
01:26:32.180has been doing a shit ton of work
2135
01:26:32.180 -->
01:26:34.080behind the scenes. And we had a fantastic
2136
01:26:34.080 -->
01:26:36.760conversation going all of his latest findings. Really
2137
01:26:36.760 -->
01:26:39.380worth checking out. Oh, damn. All right. Well,
2138
01:26:39.380 -->
01:26:41.340I'll be watching that, too. Also, not to
2139
01:26:41.340 -->
01:26:43.220mention the other one that you just dropped
2140
01:26:43.220 -->
01:26:47.000on the couple that did the broken country
2141
01:26:47.000 -->
01:26:50.040documentary about Canada. That one, guys, for anyone,
2142
01:26:50.040 -->
01:26:52.240it's one of those documentaries for someone that's
2143
01:26:52.240 -->
01:26:53.900still trapped in the system, regardless of you're
2144
01:26:53.900 -->
01:26:55.560like Canada or U .S., that still thinks
2145
01:26:55.560 -->
01:26:56.720that we can vote our way out of
2146
01:26:56.720 -->
01:26:59.180this, that it's not all that bad. This
2147
01:26:59.180 -->
01:27:01.740one's really good as like a gentle kind
2148
01:27:01.740 -->
01:27:03.460of orange pilling to the problem and also
2149
01:27:03.460 -->
01:27:05.420getting them to actually realize what's going on
2150
01:27:05.420 -->
01:27:06.960here. They did a fantastic job. It was
2151
01:27:06.960 -->
01:27:11.060with Mike and Miro. Nice. Yeah. All right,
2152
01:27:11.060 -->
01:27:14.000gents, perfect spot to round out. Everybody, thank
2153
01:27:14.000 -->
01:27:16.420you for being here. like, give a share.
2154
01:27:16.420 -->
01:27:18.640I'm Ben. This was Walker, Nathan, and Joey.
2155
01:27:18.640 -->
01:27:23.660And this was Bitcast. You know the world
2156
01:27:23.660 -->
01:27:27.320is heading down a dark path. Online censorship,
2157
01:27:27.320 -->
01:27:29.860central bank digital currencies, a complete loss of
2158
01:27:29.860 -->
01:27:33.060privacy, and it's only accelerated. Most people are
2159
01:27:33.060 -->
01:27:35.700falling behind with the latest technology, and those
2160
01:27:35.700 -->
01:27:38.780that aren't are sacrificing their data, their control,
2161
01:27:38.780 -->
01:27:42.360and their dignity just to keep up. That
2162
01:27:42.360 -->
01:27:44.700doesn't have to be you. Here, you'll have
2163
01:27:44.700 -->
01:27:47.200everything you need to break free. Over the
2164
01:27:47.200 -->
01:27:50.020past decade, I've helped 20 million people take
2165
01:27:50.020 -->
01:27:52.120control of their money, their data, and their
2166
01:27:52.120 -->
01:27:55.060digital lives. Now I'm bringing everything I've learned
2167
01:27:55.060 -->
01:27:57.920to one place. Sovereign Sessions is your home
2168
01:27:57.920 -->
01:28:01.960to learn, master, and live freedom tech, Bitcoin,
2169
01:28:01.960 -->
01:28:06.240AI, private communications, self -hosted tools, everything. Each
2170
01:28:06.240 -->
01:28:08.120week, I'll walk you through step by step
2171
01:28:08.120 -->
01:28:10.920with the most critical tools that put you
2172
01:28:10.920 -->
01:28:15.180back in charge. Don't ask permission, take control.
2173
01:28:15.180 -->
01:28:17.960to the Sovereign Sessions.