BTC Sessions - Insider Paper Bitcoin Rugpull Just EXPOSED — Could Send Bitcoin Parabolic

Episode Date: February 26, 2026

🚨 Major Wall Street insiders have just been caught manipulating the Bitcoin price — and the fallout could trigger a massive breakout.Bitcoin market structure, institutional flows, and liquidity moves suggest a potential parabolic Bitcoin rally ahead. Are we witnessing the final shakeout before the next bull run?👉 Join BTC Sessions as we break down what’s really happening with Bitcoin right now.———————————FOLLOW BTC Sessions on X: x.com/BTCsessions———————————SHOW SPONSORS:BITCOIN WELL BUY BITCOINhttps://qrco.de/bfiDC6COINKITE/COLDCARD (5% discount):https://store.coinkite.com/promo/BTCSessionsABUNDANT MINES:https://qrco.de/bgYKPBAQUA WALLEThttps://qrco.de/bfiD8gNUNCHUK HONEYBADGER INHERITANCEhttps://qrco.de/bfiDARHODLHODL NO KYC P2P EXCHANGEhttps://hodlhodl.com/join/BTCSESSIONDEBIFI LOANShttps://qrco.de/bfiDCp#btc #bitcoin #crypto

All right, welcome to the show back in 2022 for a Luna collapse, wiping out $40 billion. Bitcoiners, like yourselves, of course, called it in advance, but that didn't stop Bitcoin's price from absolutely tanking and being dragged down into a brutal bear market. While now, years later, one of the largest Wall Street trading firms just got sued for allegedly insider trading the whole thing. But it doesn't stop there. It looks like they've also been dumping Bitcoin at every U.S. market open since the ETFs came to fruition. And curiously, since the lawsuit was dropped, Bitcoin is behaving very differently, indicating further manipulation we'll discuss today. Also today, we are covering some interesting market data out of a river about the state of Bitcoin adoption. I'm going to be answering some of your questions about non-KYC Bitcoin.

And we have a special session with Walker for the most highly regarded person of the week. So drop a like, lock in. The whole gang is back. I'm Ben with the BTC sessions. This is BitCast. All right, everybody. Welcome back. We are ready to dive in.

We've got the whole crew here. We've got Walker. We've got Brandon. We've got Nathan. We've got Joey all joining in. And we're just going to get started here. I mean, I've been in terms of the manipulation. stuff. I don't know if you guys have been

equally frustrated seeing that clockwork dump at 10 a.m. every single morning, but I want to get kind of a picture of what's going on here. Joey, I know you've been diving into this whole Gene Street mess a little bit. What's your read on? What's going on?

Do you have any more than what I have in the brief intro there? Okay, listen, this is a good theory. It is a strong theory. It's not 100% sure, but it's a strong theory. And this is, this goes back to the terraform collapse, whatever, the, the breakup there. The theory is basically this, okay? Because because these guys are an ETF cash creator, they can sell and buy spot to match their ETF book in a way that not a lot of other

market participants can. So keep that in mind when people talk about the theory. Picture them accumulating overnight when the book is a little thin and the price is generally depressed on Eastern hours. You can go back test this, by the way. That's the best thing about Bitcoin. You can go look at some of the claims here that I'm making about thin books and overnight price, all that stuff. And then at 10 a.m. every day when everything is open and running in terms of the Tradfai markets on Eastern time, they trigger the cascade and they cash out. And they, on the other side of the trade, run a hedging strategy to make money on the back end of the decline in price. And it happens every day. Zero hedge has been pointing this out for

Three years, man. If you go back in zero head, just tweets, three years, those guys have been saying 10 a.m. slam, 10 am slam, 10 am slam. It's not a sure thing. It's like a 90%, you know, because the terraform lawsuit has, you know, at this point, it's just allegations. We don't know. But let's face it, okay. We're kind of like the global liquidity cycle is slowing. It's not, we're not, you know, narrowing the liquidity, but it's slowing.

That momentum is slowing down a bit. And at the same time over the last two days since the suit, what have we seen? Hands up in the crowd, anybody? Can someone in the crowd please answer? It's a fucking rip again. And so, like, what are we talking about here? We all think that this thing should, at the very least, be trailing gold by a couple of months in terms of price moves on a higher beta. And we didn't see that for, I mean, since what, October or something like that?

It's been a while. And now two days after this suit at a time where normally the market is dead, at a time in the having where normally the bull action is finished, you see a 10% jump. I mean, I didn't bring my tinfoil hat, but if I had one, it would be on my head. And I think everyone should be thinking about making one for themselves too. We'll see how the next few days go and how this lawsuit shakes out. But you got to like this action here. Jane Street, by the way, also, I think the CEO of Jane Street had a hand in recruiting SBF to

FDX. So there's another little link for you. Yeah, Carolyn was there as well. There you go. Both at James Street before. Crazy, crazy. So, do they have a quota for fucking ugly people or what? Speaking of ugly people,

Brandon, what the fuck are you wearing right now? Easy. Yeah, come on, US boys. Take that shit off. Could we keep it taste going here? What are you doing? I'm sorry, Brandon. Just had to give you.

Brandon, what are you thought, Fred? Is it true that Canada allows children to have medically assisted suicide only because of the loss, the devastating loss? Is that true? Well, it makes sense, right? They're doing it for seasonal depression right now.

So why not just throw, you know, Olympic depression on top of it? Is that a legit reason that you can get? Oh, legit. Yeah, quick side tangent. Yeah, legit seasonal depression. There's a whole thing going on. 26 year old in Canada was euthanized for seasonal depression. But going back to the manipulation of Bitcoin, Brandon, with a wonderful U.S. jersey.

What the fuck are you thinking, buddy? Boy, oh, boy, this is just wild. I'm not going to give you some, like, wonky, nuanced opinion. I mean, this is just, this is what the SBF thing happening. This is what happens everywhere. And this is all over the place, all across the side. I saw it in real estate. You know, for 10 years, you'd have people double dipping in real estate.

They'd be, this is where like redlining comes in or steering, like, a lot of the stuff you saw with like the systemic racism over like decades, things that were trying to get out. But it's just, it's the system more or less. It's not, it's not this, this situation where people are necessarily trying to, you know, oh, I'm moving by you or moving by you or whatever it is. It's, it's people are, you know, you have agents trying to double dip. I saw people lose their license. because they were taking both sides of the transaction.

So they were steering buyers or sellers away from certain transactions. So they could go get both commissions, both sides of the transaction. But this is the incentives of the system. You're going to have these dumb things. So it's classic like government doing the arson and the firefighter. These companies are just doing what they're incentivized to do at the end of the day. So you have to, you have to assume, you know, people are going to do whatever they can, literally are going to do anything they can to put food on the table or, you know, accumulate

power, you know, the greed factor of humans coming in. into and that's what fiat unfortunately incentivizes the the greed when we're on opposite side of the table to just fracture even more and so this is where you as a bitcoiner the incentives the monetary system are so um you know pronounced and this is what we're always trying to to yell about and this is why we talked about lab the the lab coats need to be worn by the scientists and the doctors you know where they have the sponsors on them this is just showing the incentives of the system and when you're in a system that is constantly going in you know i was taught by the school that's run by the government the government run schooling system well those government run schools need grants they need money they want money

and if you're not towing the government line then you don't get the grants you'll get the funny if you don't have the capital because you're in a debt-based system and the the sand is falling through your hands your money your time and energy well then of course you're going to do whatever the government tells you whether you know when they're not at the end of day or else gosh the government pulls those grants those government run schools teach those people teach those doctors teach the scientists and this process continues to play out over and over. So you can't have good fruit from a bad tree. You have to assume that everything is tainted.

That's why like this stuff, I'm going to give you just like that meta approach to it at the end of the day. And that's why Jeff Booth talks about you can't fix the reality from the current system. You have to have a protocol off the Titanic. End of story. No, agree. Completely agreed. Walker,

I want to get your thoughts on that. But before I do, I just want to highlight this from your favorite bank walk or your favorite bank. Do they ever do insider trading? Is there ever manipulation? Would they ever do this sort of thing? Just a quick reminder that J.P. Morgan Chase paid a record 920 million in fines for manipulating the precious metals market and

the treasury market. So Walker on potential insider trading and manipulation and your favorite bank, you know, what are your thoughts there, buddy? Well, when it comes to Jeffrey Epstein's favorite bank, it's not my favorite bank, it is Jeffrey Epstein's favorite bank, though. And they, that's not just me saying that it's the fact that they banked him for years. J.P. Morgan Chase banked him for years after it was revealed he was a pedophile and a sex trafficker and all of this, right? That's why they paid hundreds of millions of dollars in a settlement as a cost of doing business, because that's what all the big banks do, in the U.S. Virgin Islands where apparently there was a lot of kitty diddling happening. And maybe some people should actually go to jail for that, or I don't know,

be hung by the neck until dead after being, you know, justly tried by a jury of their peers, of course. I would never ever advocate for extrajudicial punishment for anyone, especially not treasonous bankers. But here's the thing. Okay. Does, I mean, maybe. take a step back. Fuck Jane Street. I just like to say fuck Jane Street. What are you, what are you doing this for? Like you want, why don't you manipulate the gold market? Like J.P. Morgan Chase has been, you know, fine for doing. And many other big banks have been fine for doing. Why are you manipulating the market, the Bitcoin market that actually has the potential to radically alter the balance of power when it comes to human flourishing and freedom? Like, do you hate human flourishing and freedom?

Yes. Like Brandon was being, yeah, probably. Branden was being very, charitable, you know, you're just trying to put food on the table. These fuckers have no problem putting food on the table. They are fucking swimming in it. They're swimming in it because, and there's all these different, like, laundry list of things. I don't think they've been charged with anything formally in the U.S. or been convicted of anything formally. You go around the world. Their footsteps, their marks are everywhere in tons of different countries. Jane Street does this sort of thing. And so it's like, like, I get, oh, well, it's just, we're just playing the hand. We were dealt, right? It's like, no, you're going out of your way to be

manipulative little pieces of shit. I'm sorry. I'm, I'm on one tonight, guys. I'm, I had to deal with some customer service reps earlier. And so I'm like, my, I'm at an 11 right now. My point here is that like, I don't know how you, how do you actually sleep at night? I mean, I guess you sleep pretty well if you're like a clinical psychopath, which one in 100 people are. And clinical psychopaths tend to trend towards politics and high finance because it's where they can do the most manipulation. So maybe there are just a bunch of clinical psychopaths at Jane Street. but it's like I don't know how you how you genuinely could and maybe this is because I'm not a clinical psychopath I don't know how you could feel good about making your money this way about deliberately manipulating

markets because you know you can like you and great okay yes if it's if it's all legal fine but like if it's not legal and if a lot of the stuff that's coming out about the stuff with with tara Luna even is now showing that there was a lot of like backroom talk going on secret chat and all these things like, that's not legal. That's very illegal. And we should put these people in jail if they are actually guilty of doing things that are illegal. Like we need to be a nation of laws

if we want to actually have any, any possibility of becoming better. And that's the biggest problem right now is that it's laws for, you know, for me, for us, you know, but not for thee or flip it around for them. It's laws for thee and not for me, right? Nobody ever goes to jail at these big banks. Nobody ever goes to jail these big investment firms.

Who went to jail after the 2008 financial crisis? It was like a guy in fucking Finland or something. It may not have been Finland. Some other like Scandinavian country, like a couple of guys went to jail. It's like nobody in the U.S. went. Does anyone in the U.S. go to jail? I don't think so. No, not a single person.

It's like, how is that possible? How is it possible that these people were knowingly doing things that would harm millions and millions of American people? and then people around the world from the ripple effects. You are causing such a massive amount of harm and you're doing it to make a fucking buck. Like this is why I love Bitcoin so much and Bitcoiners, the bitconers I have met through this like you guys,

because you're not just trying to make a buck at the expense of everybody else. You're trying to make a few Satoshes because you create value. And there's a fundamental difference there. I'm going to stop ranting now, guys, because I'm heated right now. I'm here.

Good. I was supposed to keep it under an hour today, right? Sorry, sorry, guys. I did want to tag on to, you know, why aren't they doing this to gold now? Probably because they can bat around the price of Bitcoin much easier, right? Like they can get those extra percentage points out there. The thing I did want to say about the insider portion of it, Rob over at Bitcoin News had a nice little TLDR on it today. But I guess they had somebody that worked in and around Tara.

moved and started working in Jane Street as well, some dude named Brent. And I guess there's some like private message group called Brent's secret. This is all like in the lawsuit. It sounds so lame. Yeah. Yeah. It's, it's pretty wild. But I mean, yeah, it's it would make.

Try to hide it in plain sight. It's what's crazy. Like the story is basically that the guy, like you're saying, Ben, this Brent guy, when Tara moved. Rice, price secrets. I had to find the name. It was price of secrets. Yeah. When terror moved their money out of the D5 pool, like out of the liquidity pool, within 10 minutes, these guys moved their money too. And so, assuming that you.

It was May 7th at 5.54 p.m. Terra withdraws 150 million U.S.T from Curve 3 pool. At 554, 10 minutes later, Jane Street withdraws 85 million from the same pool. And it's not announced by Doe Kwan until the following day on May 8. It's a secret. except if you knew it from the private chat. And so that's why like the allegations are our allegations, I mean, officially, but let's face it, man. That's that's cut and dry, I think.

That's like an obvious insider deal, which, you know, it's like that, remember when NFTs were huge? Like, how do you know what NFT is going to pop off? You got to be in the telegram or the discord. There's no value in any of this stuff, any of it. It's all garbage. If you're not in the chat, you are the mark at the table. Just stop.

Like, I don't know. what's going to, what is it going to take for people to stop. This is happening all the time everywhere. Like Brandon Walker said, it's across tons of different silos. These people don't care about you. They don't need your, they don't care if you end up unaliving yourself as a result of losing all your money. Thanks to all this stuff.

Like God bless those people. God rest their souls. Just a mess, man. Total mess. These people should all be in jail. Not only do you not go to jail. You, you, you dumb ass, for pointing it out. You get unaligned.

That's where we are. We're not, we're in like, beyond two tiers adjusted. So we're in like 10 tiers of justice. There's like you got to do like mental gymnastics just to find figure out the justice system and what's going on. And that's exactly why like to me like I can be the resident like black pilled guy, I guess or like I'm officially accelerationsist party after like 2012. I just I went like no, no, I'm accelerationist party.

And there's nothing. You cannot fix the system. That's why Jeff's quote is so amazing. And like I wish I would have thought of it because I was like, yep, no, I'm good. After what happened to Obamacare in 2009 here in America and then 2012 like all of a sudden, you had the bottom of the depression basically and we have you know Mitt Romney's the worst candidate on earth over here in the Republican Party and he's going against Obama and he was still winning and then the last second all of a sudden oh it's a close race and you know Chris Christie

walked in the beach with Obama and so that's why Obama won again it's like wait we're at the bottom of the depression how does this guy I don't care who it is you got reelected so for me like politically and just seeing like just the breaking of the system for me it was 2012 and the in the sense of like there's no one going to jail there's nothing happening anywhere with anyone. I moved my, my, my, some of my family members when they lost their house in, in, in, in, in, nine, 10, I helped them move out of their house, people that was very close to. And that's what woke me up to all this shit. And it was just like, what in the literal hell is going on? And then no one goes to jail. And then if you say something and you see the long

history of if you stand out and say something, you get unalived. Yeah. No, no, thank you. I'm on the, I'm on the life raft off of Titanic. No, I agree. I think like one of the biggest takeaways, like one of the things that's been like hard for me to swallow in recent memory with the Epstein files and even this too is that basically Bitcoin's price is probably always being manipulated. We're always under attack. There's fuckers trying to screw with us. I think the price is like the least interesting thing and just assume that that's the case. Just assume that that's the case. We're battling against the state. It's not going to be a fun time. We're battling against these monsters both in finance, even in the broader crypto bullshit as well too. I did want to quickly share

though as well. Joey, just speaking of terrible decisions, guys, don't get involved with this shit. Don't make bad decisions. Anybody remember this one? This is a fun one. God. That guy manages money, man. Like, you know. He manages money. crazy. I think I said last week, like the number, the number of like CBP guests from TradFi who have stayed after the show with probably one too many glasses of wine and said that this guy is just completely new to his reputation is a lot of people. Did you see the date on that? That would have been 8.17 p.m. on the 1st of March 22. Wait, no, it's American. So the 4th of January 22? I mean, still early 22, I guess. Yeah. So I was just like a few months shy of

Also, bro, like, you're going to get a bicept hat, maybe like a couple curls before the shot. You know, like, look like a marshmallow, bro, milkbag physique. Get off that. I know a guy. I do want to add there as well, too. I'm curious you guys, this thoughts on this, what we're just talking about kind of insider trading. Because to me, and I'm not sure if you guys caught the, what's it called, the state of the union last night. But for our American friends, too, any thoughts on this actually passing regarding insiders

regarding insider trading. We had from Zero Hedge, Trump, past the Stop Insiders Trading Act with delay, ensure members of Congress can't profit from insider info. We got the old Nancy Pelosi and maybe Warren and a few others there. I don't think this is ever going to happen. I think this is always going to happen. Ben?

There's no chance that this would. Can you imagine all of the people that have a vested interest in knowing exactly what type of legislation is about to pass and like cutteeing up their spouses to, is to like rug whatever they're sitting on that's going to go down or like place their beds. There's not a chance that there are enough people that would vote for this and they're going to spin up every reason in the book not to vote for it that isn't. It's going to hurt my bags.

But it will be because of that. There's not, not a chance. I do like that he asked during that portion of the speech yesterday, he asked if Nancy was there and stood up and clapped for it or not because he said, you know, some of the Democrats stood up. Is Nancy Pelosi here? Was she clapping? I mean, great.

And she's super. I don't know. Yeah. Can any of them at this point? Yeah. Yeah. All right. Well, jents, we're going to, we're going to go to a quick break.

But on the other side of it, there's this interesting drop from River. Love the guys over at River Financial. And they're talking about Bitcoin adoption. Absolutely booming in 2025. So they bring up a whole bunch of different things. Some of them, you know, I think are good takes. Others. I don't know.

I'm torn. So we're going to chat about that on the other side. And everybody here, of course, if you're enjoying the show, make sure you drop a like, subscribe if you haven't already, and we'll be back in just a moment. Is that true? The Rinding equipment qualifies for that year one depreciation from Trump. Is that real?

No, 100%. Actually, it's funny about us talking to one of our guys about this today because we were discussing non-KYC ways to get Bitcoin. And he actually is a friend of ours and one of the guys on the mentor team in the U.S. one of his buddies had actually sold this KYC stack and then rotated it all into hosted mining in order to get the non-KYC and do the depreciation on the mining equipment. Sick. Yeah, that's sick. Yeah, that's sick. I didn't hear that last week in the ad. So, yeah, that's my great. Okay, anyway, back to our regular schedule programming.

Okay. Ben, adoption. Yeah. So let's chat about this, this river thing here. So River Financial, love those guys. Alex Leishman. Awesome dude. I think of them as just kind of like, keep heads down and work and they don't ruffle too many feathers. They just do good shit. But nonetheless, they dropped this report. A couple things, I think, you know, bullish on adoption. Other things, I'm like, is that bullish on adoption? I don't quite know. But nonetheless, what's the long and the short of it? The thing that I was, I quite liked, they estimate lightning payments grew 300% in 2025, which is pretty awesome. when I think about it.

I think that's great. I use it all the time. They note that, again, nation states, five new ones became Bitcoin owners. I mean, I can take it or leave it. That's not, I don't think that's unexpected. Less exciting to me, River reported 60% of the top U.S. banks are building Bitcoin products and RIAs. And they've been net buying for eight straight quarters. And then they said, so the other thing that they said, institutions,

accumulated 829,000 Bitcoin in 2025, despite Bitcoin being down about 50% from its all-time high. Some people will say that's bullish, but I've, you know, there's another stat that I wanted to show. Nathan, do you have that one from the tweet of the change in Bitcoin ownership? I do. Let me pull that up for you. Yeah. So for me, the stats here. are notably not bullish at all.

So you had businesses stack 489,000 coins, funds and ETF stacked 205K, governments stacked 135,000 Bitcoin, and individuals dropped by 696,000 Bitcoin. That is horrendous. Now, if you're watching this, and that was not you, congratulations, you are the remnant. But holy shit, that is not a good.

trend and I like is this why do you say that why do you say that well I mean what who are you selling your Bitcoin yeah I hear that who is selling their bit that's that's what I want to know is it guys who bought in 2010 or buying islands now like is that because that guy is though yeah it's it's it's oh G Wales we had I can't be mad at those guys 80 000 Bitcoin yeah I can't be mad almost what do you guys almost the sixth of that total amount from one guy but on the other side of this who who's how are people getting their access to Bitcoin now, you're seeing it in that chart. The newcomers, they're buying their fucking ETFs, and they're buying the fucking treasury

companies. Is this an anti-ETF podcast? I didn't ask before we started. I wasn't, I'm not sure. My own podcast has become one as well. I don't know if I share that view, but like, okay, the question you have to ask is like, is the, is the ETF, is the ETF is a treasury company, is the MSTR, you know, whatever that guy's press stack is.

whatever, you know, AI slop rocket ship picture he puts up next on his Twitter account. Is that, the question you have to ask is, is that a top of funnel product or is it not a top of funnel product? No, I don't think it is. Okay, well, I mean, we can talk about that, but I think that's the question. Why don't you think it is? Yeah, I think it is too. A lot of people think it is, by the way. At least two of us on this show.

I want to know why you guys don't think it's a top of funnel. Go for a Ben. It might be a slim top of funnel. There's no money in MSTR tutorial videos on YouTube. That's why. Yeah. Yeah, right. I mean, it's.

STRC maybe. I don't think, you know, like. Yeah, exactly. I mean, yeah, it could be slightly. You know, we do get some people coming in. I guess if you try to capture those people and then lead them down the road of self-custy, you might get a few. But can I ask a follow-up question? Which is a better top of funnel?

Coinbase as a shit coin casino or I bet. Yeah, good question. Where they're already getting Bitcoin exposure. Don't make me, I'm not saying that people should buy eyewis. I don't. Don't maybe try and like defend Coinbase here. You're about to.

I know. The biggest reason is that when you get the ETFs, it tends to be, you feel very comfortable, you feel very secure. You don't really feel the motivation, particularly it's going to appeal to an older demographic that isn't concerned to Joey's point about getting out of the country,

taking it with them. They can't open a PDF, dude. I know. What? I got clients in my 80s that are nuking gold in real estate in order to get to Bitcoin, self-custody, cold cars, little fucking bidax farms and everything. It is gorgeous.

There are a few people who do that. For sure there are, yeah. The ETFs are too comfortable. And then you tend to put those things that are like tax advantage to counts and things as well too, that you may buy some non-ETF Bitcoin down the road. But if you have it sitting on Coinbase, you've got Brandon, Joey, Nathan, Ben, and Walker screaming at you not to leave it on the exchange and you can withdraw it. So in the ETF, I think people sit, they park to get comfortable on the exchange.

You've got the rabid Bitcoin Twitter and everybody telling you, What the fuck you're doing it leaving with Coinbase? And you can withdraw it. I'm going to agree with you here. And I'm going to say this. With Coinbase, you have to matrix your way around getting pulled into bullshit trading. Right? Your job is to be like, oh, fuck, dodge that ad and scrolling marquee of like sell and buy this shit coin quickly.

But there is the cost to you to move from that to self-custody is their shitty withdrawal fee. which sucks, but like comparative. What's the fee? What's the fee? It's like 15 bucks or something like it's like whatever they charge a stupid amount for withdraws. Wait, what? Yeah, and on chain is like 30 cents. Yeah, but let's let's contrast this.

Some person comes into Bitcoin, they buy a bunch, they sit in on Coinbase forever, and then they decide one day, I want self-custasy, and then they withdraw to their own self-custacy. And they get, you know, they get their $15 fee. And maybe they have to do it in chunks because there's, or something like that. But let's contrast this with you have the ETF. You're stuck in like an investment account. And there's all these things like,

because you're not going to get in-kind redemption as an individual, right? Then you've got to realize those capital gains. And then you've got to go and rebuy your Bitcoin in another method and then get it to self-custy. So the barrier to self-custy from an ETF is, in my opinion, much more difficult than the barrier to self-custy from a shit coin exchange. I think you're being too charitable with Coinbase because your assumption is based on the fact that people don't shit coin first. You're assuming that they go straight to Bitcoin on Coinbase.

My entire point is that they end up shit at shit coin first because, oh, look at, you know, retard finder coin or whatever. Like, yeah, it's, you know, it's only, I can get a billion of them for only five cents. Like, I guess I'll get, what if it's worth a thousand dollars someday? That's the problem. Is the end state ownership of Bitcoin in different forms or is the in state self-custody of Bitcoin? Because I think the big, as shitty as it is, I think the bigger top of funnel is the shit points. They come in.

Walker, you're homeschooled. Why are you raising your hand? Because you guys weren't and I just want to make sure you guys know what I'm doing. Because I know you're not all homeschoolers. Brandon gets it. He's homeschooling his kids. So I don't have to tell him. But just for you Canadians especially, you're so used to following orders.

Okay, hang on. Let's ask Mr. Hockey his thought on this. Maybe we split this. Maybe he thinks I'm crazy and Ben's crazy. which is wrong, but let's ask him anyways. And again, I can go both ways. That's why I'm loving the bandwriters, message you guys in the back.

Like, this is great back and forth. Again, this goes back to me, being the Blackbill guy. It's going to take five or 10 years. I think this falls along like party lines and like demographic lines, to be totally honest. Like you guys both make great arguments, but I do,

I really feel like it's the older crowd. They're going to lean towards ETFs. They have a ton of wealth in ETFs. A lot of them aren't going to come and sit there with Nathan and Ben. Unfortunately, there are some. But this is going to play it over the next five or 10 years. years. And then the younger generation, I feel like, at least to me, this is the crowd. Now,

I don't know if this is a cop out or not an answer. I just feel like it's, this is the Bitcoin or fight of like, are we swimming up the current of like trying to, you know, it's all Fugazi. You know, like it's all like coin base, you know, ETFs. Like what, what is top of funnel at the end the day? It's top of funnel is doing this. It's like being here. Okay. I would do it. So. I think let me. Let me add. Let's like. What's like. Take it over. Um, I think you're I think you're right in the sense that like they're both top of funnel. And I would imagine that in terms of like the ETF side, they are on a Bitcoin product. They probably stay in a Bitcoin product.

And maybe a greater proportion, maybe make it to Bitcoin self-custody relative to those ETF and don't sell. I bet you there's on the crypto and Coinbase shitcoin side, I bet you it's less of a proportion, maybe even make it into Bitcoin only self-custody. But I think it's higher volume and probably more results out of that. if that makes sense. Almost like the, the coin-based side is a messier way to self-custody, and there's a lot more people

impacted with bad shit over there. The ETF side is cleaner, but I think as a total amount, lesser going into Bitcoin self-custody. Because it's so comfortable to say. But you're also assuming that everyone needs to self-custody. They won't. Yes.

They won't. They won't. They should. They need to, but they won't, yeah. Dude, 50% of people are below the median. Even guys are age,

by the way. I'm not just, like, go to the fucking DMV and see how stupid most people are. I don't know what you guys called in Canada. the Moose Shekel Congress or something. But like, that's the technical. The point is, and I don't mean this in a rude way,

but really, like, take the middle person in terms of intelligence, 50% of people are below them. Take the median person. They're not going to self-custody. Like some of the real dumb people will because they're just dumb enough, all the mid-curves, they won't. It's literally the retards on one side and the geniuses on another. They're the only ones who are going to self-custody.

Most people will not do this and that's okay. Because there aren't even enough UTXOs for everyone anyway. That's the next thing. This acceleration theory. But the first section of the show about all the shit games being played on top of Bitcoin is only possible because people aren't taking self-cust. This is true. I agree with this. It doesn't matter what you want.

It matters what's the reality. I want everyone. They won't. Listen, the other problem is that there's some assumptions being made here that are like incorrect, I think. And it's worth like clearing them up. There's a reason, again, like I just did this presentation. to a room full of boomers and had to dig into a little bit of why boomers are not self-custodying Bitcoin. Why they're not buying Bitcoin, period. Do you know why they don't buy it?

They don't, it's not because they don't understand it. It's not because they don't believe in it. It's not because they think that it's a scam or it's going to zero. It's not because they remember the, you know, they've read about the tulip bubble. It's because they don't trust the custodians. So when you get to the point where you trust a custodian, right? What you're getting is not Coinbase. Who's the custodian you trust who's going to give you Bitcoin? exposure. It's the lady who works in the back room at the bank branch near your church. It's Epstein's bank. Yeah, whatever, right? Your GPM, your TD up here in Canada. Like, that's the person you trust. So you go with that person and that person is not going to say to you,

here's where you get a cold card, you know, promo code sessions, 5% off, whatever. Like, they're not doing that. Air Gap it, by the way. Yeah. Yeah. That's what you're going to do, Janet and never plug it in and cover your windows with Teflon or with Kevlar before you generate your seed. make sure you have a thousand dice that you got out of team mood or roll everything and you know take all your advice from this guy on twitter it goes by nvk and doesn't ever use his name like that's not it's not a feasible there is people think that there's like this this continuum of good bitcoiners but no one no one has the full continuum the way that you would never go to an exchange on the one side to store a lot of people who buy will never go to the cold card to store and so it's not like we're missing out on

it's it's like this sort of fake opportunity cost you're not missing out people in cold storage for two reasons. One, because they'll never get there. And like Walker said, the network can't handle all the UTXOs anyways. So who cares? It doesn't matter. I want them.

I want Bitcoiners who understand what it means to be a Bitcoiner ethically, morally, attitude-wise. I don't care how many UTXOs you have in cold storage. I don't care if you have the, you know, the Maidex, whatever, totem. I don't care. I don't care. What I care about is you understand why hard money is important. You understand time preference. You understand community,

all those things. That's what makes a Bitcoiner. Not whether or not you have Bitcoin in cold storage. I don't care if you got the ETF. Have fun. I don't care. Good luck. Go for it. Enjoy it. Sounds like what to capture Bitcoin. Oh, man. But if you believe everybody needs to be a hardcore Bitcoin to win for Bitcoin to win, then Bitcoin will fail. Damn. As many as we can. Damn. With like the right game more sound effect. This is the point. But you have to meet people where they are, not. where you wish they would be. Team, is this a generational issue?

Meaning that are we talking, what we're currently talking about, primarily the result of the demographics that have the wealth that we're appealing to and the available tech, which I think is still really easy, but we assume we'll get easier. Like, do you foresee something like the ETFs

even being necessary if we go at like 30 years? Or is it just going to be like your local community bank? It may still be custodied, but it's breaking away even from those kind of products. I think banks want to custody in the states, right? Like they're pushing toward that. I think so. I think they're moving towards it.

Up here, it's like completely foreign to them still, but I think you guys in the U.S. are going to be on the cutting edge of that. I would guess like these three years. If you can't open a PDF by the Bitcoin ETF, that's what the advice I do. You always say that personally. I do. I say that all the time.

Yeah, it's very clever. Thank you guys. But really, like I'm being serious here. And guys, like Nathan, Sessions, I agree with you both. I wish everybody would be a self-custying Bitcoin on a cold card. That'd be fantastic. They won't. And that's okay.

there's eight fucking billion some people in the world that's going to keep growing. Hopefully, if Bitcoiners keep making more babies, that proportion of Bitcoiners will grow, right? But the reality of the situation is that like, it's okay that most, the majority, vast majority of people will never self-custody Bitcoin. That doesn't mean Bitcoin has failed. It's just a reality. Bitcoin as hard money, as uncensurable, unfuckable, unconfiscatable money still wins without the majority. All that it matters is that a motivation,

minority can still use Bitcoin for what it was meant to be used for. That is what matters. And if a bunch of boomers who can't open a PDF want to get exposure through Ibit, more power to them. Like, go for it. I'm not going to be doing it because I think that fundamentally probably in about 20 to 30 years, all retirement accounts are going to be given an unrealized capital gains tax extra judicially. And you're going to be absolutely fucked. But that's a different story. Like we can go down that rabbit hole. But like that's the biggest honey, pot in the world for unrealized capital gains is those locked-in retirement accounts. And people are going to be rat-fucked by it. But my point is, we have to be realistic about where people actually are.

And back to the original premise, I think it's better for people, especially older people, to come in through a Bitcoin ETF and at least have exposure to Bitcoin versus coming in through Coinbase, getting burned by shitcoins, saying all of this is a scam. I'm waving my hands away at all that Elizabeth Warren was right. I knew it was criminal and money laundering. I'm done with it. Because that's what ends up happening with most people who come in through the crypto top of the funnel. Let's be honest. There's a lot of scams there too. So I'm not conceding, but I see your point. I think I'm just going to just go ahead. You're conceding. I'm not conceding. There's also like, would you consider custody if I'm used, if people are using lightning and e-cash and arc,

is this also considered Bitcoin custody? But regardless of that, Brandon, let's get your thought. buddy come on in here maybe you want to calm down the room or maybe you want to ramp it up some more yeah no you know i don't know sometimes i do but maybe i'll calm it down a tiny bit um yeah just is it just acceleration theory right who's gonna blow themselves up first is it going to be ets or coinbase like that's what i'm here for so whoever whatever whatever funnel is going to blow themselves up first i'm for that so like whoever's playing funny games if it's eTS or whatever then hey that's what i'm here for but this is in in all serious this no well that's kind of serious but in all serious it's to me it's it's really like who like you guys guys

I said, who has the mindset for it? And this is like the Bitcoiner fight of that we all kind of have to deal with and play with, which is idealism versus pragmases. Like, again, where the early adopters kind of, you know, visionary, INTJ, entrepreneurial mindset. And a lot of us see the world and like how we wanted to be or how it should be, right? And so Steve Jobs brought the iPhone, not saying any of us are Steve Jobs, but like, hey, you're going to like the iPhone. You don't know what it is yet, but you're going to like it. Well, that's what Bitcoin is, you know, so, but like most people, like, they don't know what the hell is going on yet. And that's kind of like this world, this chasm we're trying to cross right now of the early adopters to the,

or the early, you know, the early, you know, visionaries to the early minority. That's, that to me is, is like this fundamental mindset thing that we're dealing with right now as Bitcoiners, because you're both right. Like we need the most, the most amount of people self-cussing as possible, but at the same time, pragmatically speaking, a lot of people won't. I mean, look, even now, Fiat, no one knows what the hell the Fiat system is. That's why we're in the mess in the first place. So how the hell they're going to understand Bitcoin?

They're not. Most people are never going to understand Bitcoin. They're just going to use it eventually. And they, there will be on layer three. They'll be in federated mints or whatever it is. And some decentralized structure where it's decentralized local governance, how at least a lot of the West was formed was decentralized governance. Well, that's a federated mint.

It's going to go back to that. You're going to have homeschooling with our problem homeschooling. The homeschooling is going to be, you know, probably a lot of pods. I've just been seen a lot of that recently too, right? Decentralized pod structure schooling. Like you're not going to have like the state running this stuff anymore. But again, is that next year?

No, probably not. This is one of you guys mentioned the next 20, 30 years thing was Walker. Like it's going to be over the next couple of decades as the younger generation sees this play out. The older generation, yeah, are they generally going to go to ETFs? Yeah, that's what their money is. They feel comfortable there. But then the younger generation, you know, give a shit.

These ETFs won't be around. Social Security, the RFCs, like all these things, they will not be around. So the younger generation knows nothing different other than, hey, Bitcoin, self-custody or whatever it is. I'm going to do this, federated men's and then here we go. So to me, again, it's just going to play out over the next, you know, the decade or two next couple decades. And a lot of these arguments become move. But it's fun to fight about in the interim. I'll tell you that. Yeah. Yeah. I want to wrap this, this chunk here by a couple

different things. Number one, when it comes to, yes, you know, direct self custody, I do agree that there's likely going to be a small subset of people that actually partake in that. My hope is that when it comes to things like the ETFs and stuff like that, and what I think is likely going to going to happen. There are going to be blowups. There are going to be problems that arise. It's inevitable. It's, it's especially with something that you can't just print to cover back more of. Notice agreement. Yeah. And I hope what comes of that if people decide to be in custody still after that is multi-institutional multi-sigs to guard those with full auditability. I think that would be the best path for that to continue on. Brandon, I'm really good.

glad you brought up like federated mints and things like that for local like for families for small communities things like that i think that's a fantastic next kind of level up from yeah if everybody's not going to fully self-custody you can at least have a small community where it's like you know the guardian and keyholder and you can go punch them in the face if if she goes tits up right like that's that's then where the fuck are my funds yeah exactly exactly so i think Getting to a world. It's not Nancy Pelosi. Would be preferable.

I hope so. The other thing I wanted to point out, we were talking about demographics, I do wonder in regards to technical prowess, there's an interesting dynamic where, you know, our parents and older didn't grow up with the internet. And they, you know, gradually kind of came in as it became easy enough to go through. But they're not, you know, they don't know how to like necessarily fix if something goes wrong. They know their basic apps and everything like that. We grew up on this cusp of no internet and then internet. And we had to figure out the internet when it sucked ass. And like sometimes shit would break and you got to figure it out.

My computer did something stupid. I got to go and delete the virus, delete your browsing history. And now you've got a generation that grew up with everything more or less just working. So it seems to be just we're in this rare kind of sweet spot where we grew up without it and with it. And now it's easy, but we know how to navigate it if shit breaks. And so does that apply to things like self-custody to growing up before Bitcoin and then after Bitcoin and being there when it, you know, when you had to navigate all these complicated bits? And then later on is it, are we the generation that's like, okay, we know how to fix this shit? and everybody else is mystified.

I'd just like to point out that millennials are scientifically, the smartest generation in all of human history, because Zoomers were the first generation to be, from an IQ standpoint, dumber than the prior generation, which means if, and in Zoomers, this may be difficult for you to figure out

just because I'm going through multiple steps here and your IQ is a little lower. Umers, similarly, you're a couple generations removed. Gen X, you might get this. Everyone forgets about you,

but it's okay. I see you. I see you every day. Uh, but really, Like, growing up, we all remember dial up and fucking DSL and pre-W-Fi and then Wi-Fi. My first phone was a Motorola razor. Best.

At age 16 or 17, their phone was sick. Those are-paying for a limited number of text messages per month buffering. And your ringtone. Like a buck for the ringtone. Oh, man. And ring backtones, too. Woo. But sessions, I think you're exactly right.

I think they're like we all now have kids that are in the after Bitcoin generation. And in all seriousness, like it's going to be the water they swim in, right? Like that they will not know a world without Bitcoin. We are at an interesting time where we will be the generation persisting for the longest that grew up before Bitcoin, which is a really, again, millennials just, just really winning, you know, at all of this, despite getting thrown the biggest, boy, the biggest just kicks in the face. Yeah.

Yeah. But, hey, you know, nevertheless, we persist in the words of Hillary Clinton. Sessions. Beautiful. You know, very, very heartfelt. Yeah. I agree. I think we've kind of come to a bit of a stalemate here with everything.

But I think we ended up, in general, we ended up kind of coming to agreement at where we're at and where we're heading. Everybody that's been watching, thank you guys so much. We still have another segment. On the other side of this, there's been a ton of people asking about how to acquire non-KYC sats. And so this is something that we want to cover. We want to be able to answer for you guys. So we're going to do that when we get back. Also, Walker has spent some time and has nominated the highly regarded person of the week.

So we're going to be chatting about that on the other side too and a couple other things. So stay tuned. Drop a like on the video. We'll see you guys in just a moment. All right. Gentlemen, we're back in. I want to talk non-KYC Bitcoin. Walker, we established last week that you absolutely don't have any non-KYC Bitcoin, but it's a good thing to have. Would you agree? Well, yes. And Ben, thank you for reiterating that if anyone is listening here who has anything to do with the IRS, I don't have any non-KYC Bitcoin. I wish that I did. I just haven't been smart enough to acquire it.

But if I were to try to acquire it, I would say the best way, number one, and then I can toss it over to a fellow American here, American hero, Brandon, but earn it. I think that that is actually the most underrated way to acquire non-KYC Bitcoin. 100%. Earn it. There are so many ways that you can contribute value in the Bitcoin community. I know people don't like that, but in the Bitcoin community,

whether it be, maybe you're a video editor. That's a really easy one. there's plenty of Bitcoin podcasts out there. Not enough, but plenty. Not nearly enough. Not nearly enough. The Bitcoinpodcast.net slash podcast for all the gear that you need to get started today. Bitcoinpodcast.net slash gear.

But yes. Or titcoin.org, either way. You'll find your way to the gear section. But no, really, I think this is like all, all satrism aside, this is really important. The best way to acquire non-KYC sats is provide value for a bitcoiner who is willing to pay you in sats. that is the best way. There are all sorts of different P-to-P exchanges. You can use those two.

Bitcoin ATMs are a little bit harder, I think, now, from what I've seen. Like, a lot of them do require ID now. That's not as good of an option as it was. But, like, offer your services to somebody or create services for something. Just offer to help somebody. Get a few stats. Heck, go on Noster. Shit posts like a madman.

Get some non-KYC stats. Like, really, earning it is the best way. my opinion, but I'm happy to hear what you guys think. That's just like, it's also the way that you encourage using Bitcoin as a medium of exchange, which I think is so very important. Yeah, agreed. Brandon? Yeah, I mean, Ernst obviously the best way. And you can mine it as well. You know, we just, we were talking about, you know, one of the mining companies a little bit ago. You saw one of the ads for that. So if you're watching this, go over there and check it out. I mean, this is, you know, mining, you know, there's, you know, the bid acts. There's so many ways to do this.

There are so many, you know, different sources you can go to, and there's so many ways to earn Bitcoin. But really at the end of the day, there's, it's, what you have to remember is at the end of the day, there will be sometime in the, whether it's this next year or the next 30 years, which you've kind of outlined and made a pretty good case about today, there will be no amount of cash, excuse me, there's no amount of government currency that will buy you any Bitcoin at some point. Remember that. So this is the easiest time. Your, your past time and energy, your capital saved up, your fiat currency. are giving you now this, this chance to just buy Bitcoin.

So this gets people confused as well, like, well, the dollar didn't exist, you know, or Bitcoin wouldn't exist if there wasn't the dollar and, you know, in the thinking that's tied to USD somehow and well, what's backing Bitcoin? So this is going away and it'll become very obvious at some point when everything is priced in Bitcoin or Satoshi's. So just remember that at the end of the day. Understand it. It's a voluntary open source network that just keeps growing stronger, just keeps getting bigger. there's more hash rate. It just keeps expanding.

I know, you know, we're going to talk about the lightning network a little bit. That just keeps growing over the years. Everything keeps growing. So which way, again, in investing, you say, which the trend is your friend. So the government keeps printing endless amounts of debt. And we talked about this, I think last week too, in 10 years, they say it's going to be $63 trillion debt in America. Right now, it's 38.

So do the math on that. And that's them being conservative, obviously. So we know they have to continue printing. And we know if Bitcoin can keep enforcing. the credible supply of 21 million and it's this trustless permissionless system. We know those are the two options basically. CBD season in slavery, the printing of currency and the government debt over here or Bitcoin. And you're not going to build.

There will become a point again to just to you can't overstayed it enough where no amount of USD or Lira or Yen or Bolivar will be accepted for Bitcoin. Zero. So figure out ways how you can work like Walker said or mine it because that will be that's the end game at the end of the day. And that's coming much sooner than you think. I mean, that time, this time is going to pass. Whether you get in Bitcoin or not now, doesn't matter. You know, I guess to any of us, really, like it's your choice. But that time will pass anyway. What are you going to do between now and that time over the next, you know, a couple years,

next couple of decades to prepare yourself? No, I completely agree. And Ben, before you give us the 95 minute, 17 different ways to buy non-KYC Bitcoin tutorial. Joy, do you remember the post office when you just really get the, the Bull Bitcoin Post Office? It was the best. I think about it every night before bed. Like that wolf free to take cash. You still able to take cash. So Bull Bitcoin, best exchange out there, by the way.

I know there's another sponsor of the show, but whatever. Bull Bitcoin is the best exchange. And what they did for a while was they ran this service at the Canadian post offices. So you go to like the American equivalent of like a CVS here in Canada and bring with you like 500,000, a thousand. What was the limit? Was it a thousand or 2000? It was a thousand bucks at a time. Yeah.

So $1,000. you could bring a cash and you just showed them your bold Bitcoin QR code no ID required you could spin up an account ostensibly without using your real name and so you could do a thousand dollars a day non-KyC Bitcoin I think that lasted like six months or something like that six seven months or something and then I will tell you I will tell you as a podcast who has a reflink with bull I mean we have more than reflink through like our sponsor the volume going through that service was insane I think Francis said that during that six months, they exceeded their full 18 months of volume the year 18 months before just in cash.

So everybody and their brother was buying cash Bitcoin and until the post office shut it down. Now I think you have to show ID. I would not be surprised if there were some enterprising bitcoiners out there who found a way around this. But I have not done it myself. And I don't. Fuck the government. Yeah.

Yeah. They shut it down. There was no spread too, right? You know what's crazy too? Yeah, like it was basically. No spread. And the craziest thing, too, Walker, is that the post office here is like, yeah, the post office here is like the worst run business on the face of the earth.

They're down, you know, $60 billion. In Canada? Yeah. They lose tons of money. They don't know what they're doing. They're unionized. And it's like all just nonsense. And so you have this thing that's bringing you traffic, bringing you volume and maybe

like offering up a new. I don't want to say new, but it's outside. It's outside the box thinking in terms of like what people view the post office as far as the suite of. services. Nah, shut it down. Can't do it. Don't want it. Okay, man. Well, that's good. Glad to hear that. Good innovators. Good innovation over there at the post office here. I hear rumors that there may be other options, hopefully coming soon from those guys. I know they're working hard on it. But Ben, non-KYC. What else can we do, buddy? Yeah. So I'm going to give a couple options here.

I'm trying to think of within, you know, because obviously a lot of people from the States watch, I'm actually going to share a screen here for a second. So I'm just going to bring this up. This is this is hoddle, hoddle. And so you can do kind of peer to peer here. The way it works is it's still online and you still might be sending through a traditional finance mechanism. But the differentiator would be that there's no honeypot of information at the end of the day and there's no definitive link between the traditional payment that you made and the Bitcoin that you received. So it would be like, you know, the service is basically linking to people together, one that has Bitcoin wants to sell it, one that doesn't have Bitcoin wants to buy it.

more or less, you find a person, they say, I'm willing to accept payment through, I don't know, like in Canada, an E-transfer or a CEPA transfer in Europe or whatever it may be. And then you choose how much you want to buy. You work it out. There's an escrow that sits there. So it's like you have a key. The buyer has a key. And then Hoddle-Hoddle has a key. And it goes into this multi-sig.

And if you guys, if it's fine and the money comes through and all that, then you have you, you both just use your keys and it gets released. If there's a dispute, then Hoddle Hoddle takes a look at both sides and says like, okay, well, it's clear that you didn't send the money or whatever it is and it resolves after that. Now, unfortunately, this service itself is not currently available in the U.S. But outside of the U.S., it is available in very... Hey, Ben, sorry, I don't want to cut you off. Why is not available in the U.S.?

Is that a legal thing? or is that what is that? Yeah, yeah, I think. Yeah, I'm not entirely sure. They're probably just covering their asses, but either way, they've elected not to do it in the U.S. So again, it is available various places now, but not in the U.S.

Ignore, ignore that screen that has nothing to do with it. All that. Good tutorial. Yeah, anyways. Nice. Just set up mold out of a burner phone. I mean, what? Now, I will, this is another one that might be kind of interesting. If you can get your hands on tether, I think one of the easiest things, now, there would be a record of you having bought Tether.

But you could just shoot it into Aqua Wallet and then hit Swab. And then you have Bitcoin. And Tether is going over the liquid network. So those transactions are confidential, meaning that there's a blockchain. You can see that there was a trance. transaction, but you don't know the amount and you don't even know the asset transacted. So what happens is you'd buy tether with dollars, so dollars for dollars, you get it into the wallet, you hit swap, it executes a liquid transaction swapping liquid tether for liquid

Bitcoin within the wallet and you don't need any idea or anything like that. So then nobody knows that you have Bitcoin explicitly. So yeah, I mean, I think that's probably one of the easiest ways if you have an easy way to obtain tether that's going to be a pretty simple way of getting yourself some non-KYC bitcoin so a couple ideas there i think those are pretty decent ones and pretty low-hanging fruit yeah walker i yeah jump in there and just like i just want to also i guys don't forget the meet up you can just go to meetups and meet people and that's another make sure there are other people there though like at the meet you know what i mean like if you're doing cash for bitcoin like make sure you're not like craigslist like this guy says he'll give me a

Bitcoin for five bucks. Like, what, needo? Just wanted to very quickly say to Sessions point about Aqua and Tether, I'm not sponsored by Aqua nor by Tether. But guys, like if you wanted a really convenient way to obfuscate the origin of funds, you could just get some Tether on liquid. Don't do it on Tron or another shitcoin network. Do it on liquid. Aqua makes this super easy. You can swap that within the Aqua app. And again, I'm not saying you should. I personally wouldn't, of course. I don't even have the Bitcoin to swap, but you could just swap it. Yeah, some people have told me. Some people have said it. It was Eric Kaysen. Eric Kaysen told me, blame him. You could just swap it between liquid tether and then lightning as well if you wanted just, you could even go

back and forth a couple of times if you wanted. Then you could go to, you could even go to liquid Bitcoin. You could swap around a bunch of times for basically zero fees. and then go to Bitcoin in one UTXO, a big fat UTXO, and there's really no trace of you doing anything. Yeah, even on that, Walker, you can even do USDT. I think ETHRON, I forget what the other networks are, but ACHO will also receive it on different layers and then swap it into USDT and liquid. So you can buy on one layer.

Yep, swap it into liquid, not for me. Not for me. Yeah, not for us. Then swap that into liquid Bitcoin, then go into Bitcoin. Brandon, you got any. tricks that you never consider. I mean, I was just going to have, you know, Ben or Nathan or, you know, one of you guys have a little more technical know-how.

Just, you know, talk about that. Because we're talking about working for Bitcoin, right? You know, mining, working for Bitcoin. And then you have like these layer twos and layer threes of Bitcoin that, you know, here, I'm getting paid in this. I'm on lightning or I'm on, you know, Feddy or whatever it is. And it's a very private way to do these things, you know, peer to appear to peer, or whether you're going to Bisk or hoddle, so I'm glad you brought those up because I

forgot to mention those earlier. So I love, you know, just 30 seconds on that because, you know, we've, we've, we've say work for Bitcoin, but again, then people might be like, well, how do you work for Bitcoin? Like, what do I actually do? Yeah, I mean, there's a ton of like in terms of, so you're talking about like, well, how do you get people to pay me in Bitcoin? How do I find? Yeah, maybe it's Apple Wall. Maybe it's strike. Like just very simple, like, okay, I did work for you. Now, how do I get paid now in Bitcoin? Yeah. I mean, so, yeah, it's, it's, it's interesting. Like, in terms of, if you know, for, for me, it's been find the local Bitcoiners, right? It's, it's start there, right?

Um, we started the sat market here in Calgary. Uh, and it's been running a couple years now. We have it a few times a year. And, uh, basically we went to the meetups. We went to the meetups and we're like, guys, uh, I have Bitcoin. I want to buy this for Bitcoin or I do this. I want to and encouraging other people to get up not just once and be like, hey, I do this one thing and people hear it once and then forget about it.

But like repeatedly, hey, just as a reminder, so and so does this. So and then it kind of threw. that, I was like, guys, let's get together. I want to see this happen. Bitcoin becomes unshakable when you're using it peer to peer amongst individuals for goods and services. Let's make it happen. And so we started putting it on the market. And it seemed to work. Rather than, you know, in Vancouver, they've kind of taken a different approach. They're kind of trying to orange pill brick and mortar businesses that are kind of out there on their lonesome. I went this route because there's a community feel to it. And it's, there's like a, there's, there's like a draw to it. People treat it as a

social event, but then they also continue to transact together. Honestly, one of the best additions to our, our Calgary community here has been Mike from coin cards. Dude's awesome. And, uh, and he recently moved out here. And he's been partaking in the circular economy. He moved into a new house. And he's hired four different types of contractors, all paid in Bitcoin, electrician, flooring, roofing, like all of this different stuff. He's paying all in Bitcoin. It's amazing. Um, so yeah, I mean, really it's it's, it's not easy right off the gate, but if, if you want to do it, build your community, like put in some fucking elbow grease and make it happen because it can't. It's just you got to be the one. If not you, then who, right? Agreed. And Brandon, I quickly add to like if you're getting

paid in Bitcoin, um, Aqua or Bull wallet, both are fantastic for using liquid and lightning, giving you some obfuscation, nice and easy there. And if you're receiving a larger payment, and you don't want the sender to even be able to trace it too. You can go right into something like wasabi and coin doing that. Throw it right into your cold storage. After the fact, or wherever you want to stack those stats and keep them safe. But those are both really good and easy tools to add yourself some additional privacy.

And you generate new addresses every time. Never receive to this. And address people. Also, that will make you quantum resistant if you're using modern addresses. Simply by generating new addresses, address reuse is a quantum vulnerability. You're welcome. You're welcome.

What? Oh, I thought you were calling me rumble. I would have a lot of this, man. I do want to also say, I was messing around this week with Aqua, they've got this plug in now for BTC pay server for those that are online merchants or like have point of sale terminals. Dude, it's so crazy easy now comparatively, like setting up a wallet with BTC pay server. It used to be, okay, on chain, what do you want to do?

And then you bring in an ex pub or whatever and you link it to on chain. And then lightning, it's like, oh, fuck me. I got to set up lightning channels and manage liquidity and all of that. Aqua, it's literally you install this plugin called Samrock. And then it's like, hey, do you want to link your Aqua wallet? And then it brings up a QR code and you hit scan and Aqua and just hit approve. And then all of your BTC pay server invoices, everything goes directly to Aqua Wallet. It's like, Chef's kid, it's friggin amazing.

It's just beautiful. Now for the wonderful new reoccurring segment of the show because we've had two episodes so far and it will absolutely be reoccurring. We're going to go to Walker to learn about the highly regarded person of the week. So Walker, take it away, buddy. Introducing the retard of the week. We need to get a cool like, we need to get a transition for that one. Yeah, like we, it was kind of lame when I did there. But anyway, do da-da-da-da-da-da-da.

Retard of the week, Gavin Newsome. Just a big old retard. Let's roll the clip. All right, let's go ahead and roll this clip. Okay, there was just. islands after that comment there as well too so walker with this highly regretted person um who is he speaking to he's speaking to a room of dark-skinned people i don't know if you want to call them blacks or african-americans it really i don't know what the correct nomenclature is these days but it's like

hey fellow blacks i can't read either i've got a low IQ i'm just like you know here's the reason that gavin newsom is the retard the week because you're actually racist like you're actually right like these no and i you know guys there is no red there is no blue there is the state and there is you, right? Like this duopoly is just a uniparty, and it is all a big farce. But there's one half of the uniparty that likes to pretend, like there's somehow these like, like, oh, you know, I'm just, I'm just one of you. Like, I'm just Gavin Newsom, just real related to the Getty family.

Like, you know, the Getty family. You know, I'm just one of the, you know, rich kids of San Francisco. Yeah, it's cool, but I can't read either. Just like you, blacks. Like, are you kidding me, dude? Is this why Trump? Honestly, like, are you, did you actually just say that? Thinking that you're like, yep, this is going to fucking slap.

Like, this is going to slap. I bet if I tell this room full of blacks, African Americans, I don't know what I'm supposed to say. I don't know what I'm supposed to say. Human beings that have a different color skin than I do, is that okay to say? Because that's what they are. But like Gavin Newsom's like, it's cool.

I'm just like you. I drink grape soda, eat fried chicken and got a low IQ. Like, give me a break, you a big old dumb. retard. Like you psychopath. Like what a legitimate fucking shitbag. I'm sorry but like you get you don't get to get up on your high horse and then literally

paternalized people like the patriarch the patriarch is fucking Gavin Newsom thinking he's somehow woke for calling black people stupid because hey it's okay I can't read either blacks like are you fucking kidding me? What are you like I need okay Joey

I need your take on it as a Canadian who's more politically clever. I don't know I'm going after watching you after watching you. Yeah, go. I'll let you laugh for a second. Is this why Trump said Gavin Newsom dropped out of the race this week? Did you see him like tweet that or true social that? I swear I saw something and said like Gavin Newsom just dropped out of the 2028 presidential race.

That's all he said. It must have been because of this. Anyway. Amazing. Truly. Joey, your thoughts on whether Gavin Newsom is true that or is right that all blacks can't read. What am I supposed to say about that? Like, I have no idea what's happening in that room.

Like, I don't know. I don't know what possesses you to say something like that. You know? His thing is, he's dyslexic so he can't read. But then there's other clips of service where he's like, I read your 300 page book in two hours. I couldn't put it down. It's so good.

Which one is it, Gavin? Because you were talking to white people that time. But this time when you said you couldn't read, you couldn't even read a speech on a teleprompter. You were talking to a room full of black people. It is. It's funny. It's funny.

I don't know. It's weird. It's funny because he, I mean, the Democrats, you know, again, like, the usual disclaimer, red versus blues, they versus you, like you said. But the Democratic Party in the U.S. seems to have this like obsession with protecting their voters by telling everyone else that they're stupid. Like, this is in line with we can't let people vote or we have to make sure that everyone can vote regardless of whether they can get an ID because if we don't, it's for

racist. Like, why? Because only blacks can't figure out. Like, they can't organize their, they can't figure out how to find a birds or, you know, like, they can't organize their internal. I hope my wife's not listening. They can't like, change their internal machinations for long enough to like fill out a form. Like is that, is that the implication here? Is that what you're telling me? Like, is it is the, is the, is the IQ so low in that community that they can't get an ID? You know, they have stuff like this. You have, of course, like, DEI policies in the states that favor minorities in terms of like university admissions. By the way, I think, uh, in Trump won. Most of that stuff was overturned, right? A lot of the affirmative action in,

you know, in college university admissions was overturned or at least like stymied a bit. So you have all this stuff that's really, you know, it's, it is an accelerator for that kind of thinking. And it turns this kind of stuff into a bit of a whirlpool, right? If you're a, if you're an African American, you're getting into schools where maybe you find yourself a little over your head, which by the way happens no matter what race you are. If you find yourself in a position where you over your head, the best thing to do is, realize you're over your head and like remedy the situation, not lean on policies that keep you in a place where you can't succeed

and then have yourself finding fake success. And before you know it, you're the guy responsible for repairing the bridge and you don't know how to, how to do the work, right? Like that, that's the worst case scenario. And this kind of stuff. This kind of stuff leads to that,

right? I was going to say reads to that. Anyway, yeah, it's like not, it's not great. Gavin, though,

like true. Right by the leering center. Yeah. I came on the layering plan. Individual layering plan. Gavin's a treasure trove though. He's great through. I was looking for a clip

while you were talking Walker of Gavin Newsom like chumming around with two black guys. I would guess at like some campaign event or some other political event it's maximum cringe.

It's like it's so good. It's so good. There's going to be so many of these clips. Like the Minneapolis mayor with the Somalis? It's better. It's better. It's better.

But that one's good too. Clinton when she went to somebody's apartment that's a range of look on her face. It's like this is how people live. This is how people live. classic Hillary ones. You know what's funny, like as highly regarded as Gavin is there, like the big takeaway that I went, because these things are going to keep coming up and they're going to keep trying this outrageous pandering. And the scary part is like, I wonder if some pollsters like this

is totally going to work. But these people in positions of power are not impressive. That's an obviously dumb fucking move. Gavin is not an impressive person. Most of them are mid-curve at best. They're just corrupt as fuck and have basically been shoved in these positions to basically be a puppet. Speaking of like regarded stuff, too, you guys were telling me, you got to explain it again quickly because it was just too good. What was going on with the boys hockey team? We were chatting backstage before the show of people being completely shocked and like terrible woke opinions.

They're not, like the boys aren't woke. Like people, these like swamp donkeys, sorry Ben, I'm like really trashing your audience here. These swamp don't knowies on Twitter complaining that their favorite hockey player. Why would that be trash his audience? I don't know. I don't want to ruin like the vibe. I have a lot of thoughts on this.

I have tried and like, you know, tame them a bit here. here, but like the idea that like some girl with, you know, 50 BMI, yapping off on Twitter with more flags than then vowels in the handle, like that you think that, you know, the Kachuk brothers give a flying fuck about any of the things you care about. And you're mad they're eating Big Macs with DJT. Like, what would you be doing, bro, if you won the gold medal in the Olympics? Like, you'd be doing the same shit. You'd be doing the same shit.

Give me a break, dude. How about the call? How about number one, Cash Patel is in the locker with them? Just slamming beers. Like I had, I had to look at it three times. I was like,

yeah, that's Cash Patel. I'm like, because I was like, well, it looks like, kind of like Cash Patel, like joking.

And they're like, no, it is cash, but I'm like, wait, what? Shouldn't that guy be busy doing something else? He just one handing beers.

I was like, don't you have like some Epstein stuff to get to? Like, what are we doing here, number one? But then the call with, with Trump was amazing. And he's like, well,

we're going to have to invite the girls team too you know that right and so then the girls team you know was like oh sorry we can't come we got scheduling conflicts i was like bitch what you talking about is like the guy's got an hl game start on wednesday they start tomorrow and they're like no we'll fly there let's go and the girls team's like no we got scheduling conflicts we got he said yesterday during so do that they're coming so i don't know if they're actually make it that's what he said the girls team's coming too let's see if they actually show up i don't know what's funny is during during his last administration like his first term uh they also were invited to the white house and they came. And then during

Biden's, they weren't invited. Really? Wow. Wait, the method call. Wait, which, which They were too old for them. They're just too old for them. Yeah, the women's name. Yeah. Wild. Yeah. Yeah. Walker, I think that what we should do for

retard of the week, I think people should jump on Noster and X and they should submit, you know, candidates for retard of the week. So if you're watching this right now and you enjoy retard of the week, how many more times can we say retard before the end of that episode? Then I think that you need to tag Walker and let them know that you've found a retard. I guess all. Tag everyone. Tag as many people as you can create a health red, please. Perfect. Walker, I think you had a few thoughts before we round out here, buddy. I just, I want 30 seconds. I think it's

It's absurd that people are like, can you believe the hockey team would go to the president's office after everything he's doing? It's like, oh, is he bombing brown kids in the Middle East again with drone strikes, then getting a Nobel Peace Prize? Oh, no, sorry, that was Obama. Oh, okay. You know, like, give me a break, guys. Every fucking leader of the United States of America has blood on their hands. We don't have to mince around this, right? Some are worse than others, right? But like, you can try to claim what what Trump is doing is just, can you believe? that? I mean, all these, it just makes me so angry. It's like, why weren't you angry before? Why haven't you been angry this whole time? Why weren't you angry when Obama was acting like a proper politician and saying all the right things, but then just bombing the shit on the brown kids in the Middle East? But he got a Nobel Peace Prize, so it's all good. Give me a break. Check

yourself. Check your fucking hypocrisy because you are a goddamn hypocrite. Like, you should hate all fucking politicians equally. Doesn't matter what fucking color they are. And I mean skin or politically, just to clarify, right? You know, Gavin Newsom might have some thoughts on that, though. We should all hate the state. Hate every state.

Had all the states. They're all just evil in the blood sock monsters. Blood-soaked monsters. Ben? I mean, that's it, man. I, uh, this was a good rip. I have, I've got to say I'm a big fan of, uh, of this new thing we got going here. It's just this.

just like a fun hangout for me every week. Yeah, it's just getting started. So if you guys are watching, feel the same, show some love, comment. We will be canceled at some point. Yeah. This is just getting started. YouTube is definitely censoring chats right now because I've posted from both my account and my alt account.

And I've heard other people have to and they're not getting through. So if you were censored from YouTube chat, please complain to YouTube. It is not Nathan's fault, as I accused him initially in our internal chat. I'm sorry, Nathan. That's okay. I forgive you. But yeah, I think this has been an absolute blast. If I could recommend people to check anything out.

Yeah, I've been playing around a bunch with a whole bunch of new things lately. Check out Arcade.money. Arc with a K. Arcade. Dot, layer 2, Bitcoin, unilateral, exit, super easy, web-based. Play around with it. It's kind of cool. Your backup is actually a Noster key.

So, yeah, pretty neat. play around and I'll be dropping a video on that in the coming week so keep eyes peeled but maybe I'll toss it over to what Nathan do you want to yeah this week everyone this week I want you to stop but no no finish the episode it's good for the algorithm finish the episode and then immediately I want you to go watch Joey fucking tweets podcast with Dumeberg phenomenal interview my favorite of the week definitely worth checking out I'll have something with Matt Hill we'll maybe touch on BIP 110 next week oh Walker Yeah, everyone's going to be shipped for that episode.

I guarantee it. Walker. There's some good banter. Yeah, so I would say check out, well, it's not out yet, but it will be out soon. Lynn Alden's science fiction novel, The Stolgaard Incident. I can now reveal this because it was revealed on Noster first like a week ago. So if you're on Noster, you saw this on my live stream on Noster. But my beautiful smoking hot wife, Carla and I are narrating the audiobook for her novel, The Stolgarde Incident.

Nice. One of the reasons my voice is raw. The other reason is yelling at you guys last week, so I blame you guys a little bit. But no, it's really fantastic. I read an advanced copy of it a while ago. Offered our services to Lynn. Super stoked to be doing it.

And I think it's a phenomenal novel. And people should definitely check it out. It's called, again, the Stoll Guard instance, spelled S-T-O-L-Guard. The Stole-Guard instant. Check it out. It'll be available. I believe at the beginning of March,

audiobook shortly after that. If you know Lynn Alden, she doesn't miss. So check it out. It's going to be phenomenal. And check out, buy the book, check out the audiobook. Do it all. Tell me if you hate my voice. We can read.

Unlike Gavin Newsome, we can read on this show. I can read. I think blacks can read too, actually. Shockingly. Are you sure they can? Yeah, I think they can. Brandon? At least.

Re-cancled, I think, probably. Yeah. It's amazing. Yeah. Brandon, what do you got? Amazing stuff, guys. Amazing show. we're just getting started.

I just, I can't wait to see what happens here. We, we, this might be a rumble only show at some point, potentially. But, we shall see the banter is amazing. And, you know, we're trying to get the debate on all sides. Obviously, you know, whatever that's Bitcoin 10 or whether it's Gavin Newsom or this stuff we're talking about this week. You know, we didn't get to talk about the lightning stuff too much. We'll have to talk about the coming weeks too well going forward.

But Bitcoin's for your enemies. And this is what it's all about. So we need much more of this, stay vigilant, study big. Bitcoin, be active, and we'll see you next week. Beautiful, Joey. Yeah, I'm going to geek out a bit here. Pokemon, Fire Red, Leaf Green remake. 19 bucks, I think.

Friday. Start with Venusaur, get a Niddle King, teach it, dig, and ride those two guys. Switch, switch, yeah. Ride those two guys all the way. Yeah, I'm definitely going to grab that. I can see a couple of you guys. Come out. Oh, God, I know.

Soon I think, this year, right? I think. I don't know about you guys. I'm a millennial and the only downtime I get these days is when like my daughter's sleeping my wife is asleep and so I'm limited in the options you know I love a good old school game that's a little difficult it's a bit of a grind Pokemon fits that bill so if you're if you're like me think it's like 30 bucks Canadian I think it's like 20 in the state so it ain't bad it ain't bad I'll throw this out there guys I've got an N64

Mario card and 007 in my basement that's it though going to walkers plug in more so if you guys want to come visit. We'll do this in person. Hell yeah. I love it, Ben. Yeah, just one last thing, Joey, I'll mention is in regards to the gaming, if you want quick, easy, but also like pretty badass, get a steam deck. Those things are sick.

Yeah, I've heard. I've heard good things. I've heard good things. I'm not a big handheld guy, but the older I get, the more I think that I would kind of like that flexibility. Yeah, it's, it's, it's honestly, it's the one button at the top to suspend wherever you are,

even if it's a cutscene, put it down, come back, press the button again. You are right where you. Yeah, like that. That's big.

It's, it's the exact, like, oh, the kids puke and or whatever, and it's just like, well, I'll get back to it.

Go back to sleep. Yeah. Yeah. Yeah. So, uh, with that, We'll round it out. This was a hell of a rip. This is a lot of fun. Everybody, I hope you had as much fun.

Sorry that the chat was kind of on the fritz. We weren't being able to comment either. Thanks, YouTube. But nonetheless, we had an absolute blast. So drop a like. Make sure you share this everywhere. And also I'll leave you guys with. It's always fun to come chat, talk about what's going on in Bitcoin. But if you're not taking self-custody, it is, you're missing the whole point of being here. So especially if you're here watching this show, super important. and that you learn the steps head over check out the tutorials on the channel but also we always run a rip at the end if you need some additional help head over to btc mentor dot i oh and uh i'll let it run thank you guys we'll see you guys next week cheers