BTC Sessions - NEWS ROUNDUP: Inflation Hits 40 Year Highs - Again ep242

Episode Date: March 11, 2022

The latest round of inflation numbers put the CPI (consumer price index) at 7.9% - and those are just the numbers they're telling you. Let's do a little refresher on how they're calculated... This and more Bitcoin related news in today's show. 💪 SUPPORT THE SHOW: Shakepay is the easiest way to buy Bitcoin in Canada Sign up now and get $30 free after your first $100 purchase! https://shakepay.me/r/BTCSESSIONS ALSO search/subscribe to Shakepay on YouTube! LEDN Bitcoin backed loans –  get $10 free with a savings balance of $75 or more for 15 consecutive days! https://start.ledn.io/btcsessions Get Wasabi wallet for Bitcoin privacy https://wasabiwallet.io/ Keystone Wallet: secure your Bitcoin! http://bit.ly/KeyStoneSessions BillFodl: get your wallet backups in solid steel. https://privacypros.io/btcsessions Bitrefill: use Bitcoin to purchase gift cards https://www.bitrefill.com/buy/?code=O04UMic9 Like what you see? BITCOIN TIPS: https://strike.me/btcsessions

What is going on, everybody? Welcome to the show. I've got some news for you today. A bunch of stuff to talk about. Inflation numbers are in. Hi, as per usual. We have an executive order regarding digital assets that we're going to talk about. A whole bunch of stuff kicking around in the news cycle this week.

As always, of course, this is live. Anything can happen. So I defer to my friend Bill here. We'll do it live. Okay. We'll do it live Do it live I'll write it and we'll do it live

The fucking thing sucks Of course if you haven't already Like subscribe, share all those things Really do help get more eyeballs On this show And without further ado I am Ben with the BTC sessions This is your daily session

Before we dive in Let's take a look at where we are in the market Right now we're on the bidbow.io dashboard. We're sitting at $39,423 per coin. We did have a little Bart Simpson going on the other day. We went from around 38, 39, all the way up to the mid-42s, and then right back down. So there's our fun little bar pattern there.

And then we did have inflation numbers drop earlier, and that kind of gave us some wonky movements up and down. Uh, yeah, it's, you know, we're, we're crab walking, uh, through this week with a little Bart Simpson in between. Um, of course, a single US dollar currently will pick you up 2,532 sats in terms of fees. What are we looking at eight sats per byte for next block? Um, within an hour though, one set per bite will do you. 90.38% of all Bitcoin have been mined. Get them all you can. Uh, of course, shout out to sponsor the show. ShakePay.com. If you're in Canada and you're stacking

that's a super easy way to do it, no deposit fees, no withdrawal fees, thin spread. Super easy with e-transfers, all that kind of stuff. There's a link down below. If you use that link, after your first $100, they'll give you $30 for free to stack some more sats. Of course, if you refer any friends, you can then shake your phone every single day for free sats.

And they do have Satsback Visa card, which I use on the regular. So check that out. leaden.io, you can use your Bitcoin for a ton of different services. In particular, if you're in a pinch and you need to get your hands on dollars, but you don't want to sell your Bitcoin because that's a tactical event. And you're worried back about maybe having to buy back in at a higher price. This could be for you.

Very easy to deposit Bitcoin, get dollars to your bank account in the form of a loan within 24 hours. And when you pay back those dollars, you get back the same amount of Bitcoin. They also have savings for Bitcoin and USDC and their B2X offering, if you're feeling a little bullish. Be sure to check them out. Bit refill makes living on Bitcoin super easy. You can get just every gift card your little hard desires, and you can buy it with Bitcoin, on chain and lightning.

You earn sats back as you shop, and they also have a referral program to help you stack additional sats, of course. But yeah, they really do have everything here. So be sure to check them out. Keystone, you know these guys, one of my favorite and most used hardware wall. It's 100% air gap. You never plug it into anything internet connected,

which means the keys to your money say stay safe and offline. Highly recommend you operate to the Bitcoin-only firmware, of course. Works great with Blue Wallets, Sparrow, Specter, Wasabi, all the awesome ones. And it's really great than a multi-sig because of the ease of use of that QR scanning. Check it out. Again, I love the thing. And finally, if you're backing up any important Bitcoin wallet, be sure to get it in solid steel. Paper doesn't cut it, you guys.

A piece of paper, you know, water damage, fire damage, all that stuff. accidentally discarding it because it's paper. Get it in solid steel, Bill Fottle, that's what I'm using to back up my important Bitcoin wallets. And it gives me some peace of mind there. So be sure to check them out at PrivacyPros.i. With that, let's dive into the news. Of course, we have inflation numbers hitting today.

Inflation sets fresh, 40-year high. February CPI rises to 7.9% over the last year. I hope you got an 8% raised this year. These are, of course, just the numbers that they want to share. There are a number of things not included in there, but let's read a little bit here from Yahoo Finance. Let's start here. The BLS or the Bureau of Labor Statistics, Consumer Price Index rose 7.9% in February compared to last year, marking the fastest annual jump since 1982.

This took out January's previous 40-year-euro. high rate of 7.5% and match consensus, match consensus economists match the consensus of economists expectations according to Bloomberg data. I mean, it depends which economists and how long ago because if you were going back from last year, nobody was expecting inflation. It just came out of the field. Who could have ever possibly predicted that inflation wouldn't come when you inject between 30 and 40% of all base money in a single calendar year. Wouldn't have guessed it. Who would have known?

Anyways, on a month over a month basis, consumer price increases also accelerated. CPI rose 0.8% in February compared to January after increasing by 0.6%. The prior month readers to the latest red hot CPI print. Of course, they go on to talk about Russia and Ukraine and everything. everything. However, those are pre-invasion numbers. So yeah. Over the last year, the energy index was up 25.6%. In February alone, it jumped three and a half percent. Again, you've got oil, $130, 130 bucks per barrel going above those 14-year highs. since the last financial crisis.

Wild. It's pretty wild. Let's read a quote here too. There's today's information, is continued confirmation that inflation is not transitory and has not peaked. Thursday's data is for February, which does not account for the early March spike in oil prices.

Robert Sheen, chief investment officer at Blank Sheen Wealth Management, said in an email Thursday morning. We believe there will be even stronger inflation reports over the coming months would suggest that the Federal Reserve needs to accelerate and rate high plans, even with the renewed uncertainty that has emerged from the crisis in Russia and Ukraine. While food price index rose 1% per month for month, also picking up slightly from January

0.9% rise. This was driven in turn by prices for food at home, which rose 1.4% and brought the annual increase in this index up to 8.6%. Wow. I mean, the general takeaway is that's more expensive because there's a lot more money sloshing around. Of course, I mean, there is, you know, there is supply chain stuff. There is obviously going to be things factoring into that. But like the Ukraine stuff isn't factored into these numbers because they're pre-invasion. So yeah, take that for what it is. And again, here's Joe Biden, blaming high inflation rates in part on Russian sanctions. He said the costs we are imposing on Putin and his cronies are four more devastating than the cost we are facing.

He said a large contributor to inflation this month was an increase in gas and energy prices as markets reacted to Putin's aggressive actions. As I've said from the start, there will be costs at home as we impose crippling sanctions in response to Putin's unprofile war, problems, so and so forth. Again, Joey from Canadian Bitcoin podcast, these numbers are pre-invasion bro. Come on now. Absolutely right. The numbers that you're seeing today are from February, not anything that happened in March so far. So, yeah. Let's talk a little bit about TPI, though. So I've done a video on this, a short kind of two-meadroft. minute explanation why inflation may be higher than you think or the numbers that they say. But it's largely based on this website here, which is called shadowstats.com.

And what it does is it shows alternative charts for inflation based on the way that they were originally set out to properly capture the rising costs of things. And so here, if you look at a comparative of, the way things were calculated around early 1980s versus now, you can see in red is what what the CPI would be at today. And that's our 7.9% number that we're getting right now versus how they would be reflected if we were doing the old way of doing things. which, you know, this is just going up to this chart that's in front of me right now is just going up to the beginning of 2022, which, you know, gave us our like 7% or something here. And that would have been looking more like 16 or 17% somewhere in that ballpark,

have we been calculating it the old way. So you can imagine we're getting, if we calculate it the way it originally was, we're getting close to like 20%. Now, what is different about this? And I'll kind of do a clip's notes, and you can check up that video on my channel called Inflation might be higher than you think. But anyways, so the Consumer Price Index has been reconfigured

since the early 1980s so as to understate inflation versus common experience. CPI no longer measures the cost of maintaining a constant standard of living. And the change that they're talking about there is that they allow the substitution of like goods. What this means in practice is, let's say the price of steak goes up a lot and people can no longer afford it. They then stop buying steak and they start buying ground beef or maybe now beyond meat or some other substitution. when they do so, the way that they look at it as per this measurement is they say, huh, nobody's buying steak anymore.

I guess we'll just sub in ground beef and beyond meat and we'll just say, well, nobody wants steak anymore. And then what that does is obviously the steak has gone up in price. In order to maintain that standard of living of eating steak regularly, you would need more money. But because you've subbed in an inferior product, they just say, well, I mean, the person's still eating. They just changed their preferences. And so there's no reflection of cause and effect. You know, cause. There's a ton of money printing and your dollar doesn't go as far.

The cost of goods are up. You no longer purchase expensive things. And so you're now buying less expensive things. So there's no cause and effect in this measurement as they reflect it now. Furthermore, it goes on to say CPI no longer measures full inflation for out-of-pocket expenditure. And the change here that they made is if like in the instance of electronics, you have certain goods and services that quality goes up over time. And I mean, this is especially prevalent in electronics and smartphones and computers.

computers and all of this stuff, it's an exponential technology. Things get better all the time. It goes quite quickly. However, using the new way of measuring things, they will say, well, this phone, like the newest phone on the market is twice as fast as the one last year. That means it's basically half the price if you were buying the original one. But what this doesn't take into consideration is somebody's phone breaks. their out-of-pocket expense to purchase a new phone is going to be, you know, X amount more.

And so what this has is it's a dampening effect on the actual inflation that is reported because they're saying that things are getting cheaper. But in order to get a laptop that is quick enough to execute functions that I need to do, it's going to be a certain price. you can't calculate for a laptop from 10 years ago because I'm not going to be able to use it at work today. And so, again, it's a perversion of the metric to reflect for lower inflation. Now, why do that? The final three points here.

With the misused cover of academic theory, politicians forced significant underreporting of official inflation so as to cut annual cost of living adjustments to social security. So meaning in order to pay out, they need some sort of a gauge as to what does it cost to live. And if they can keep those numbers low, then they can then say, well, you know, this is the cost of living now. So we don't need to pay out as much in social security, which in itself is a massive policy scheme. And then it also says use of CPI to adjust retirement benefits, private income or set investment goals, impairs the ability of retirees. income earners and investors to stay ahead of inflation. Finally, it says understated inflation used in estimating inflation-adjusted growth has created the illusion of recovery in reported GDP.

So not only does it mean that their obligations are lessened. They're able to say, well, this is the cost of living by understating it and paying out less. They're also able to say, look at all this growth that's happening. You know, if we're not adjusting for how much inflation, there actually is, then it looks like we're continuing to grow forever, which just is not the case. So anyways, I highly recommend you check out shadowstats.com. And again, the two-minute video that I did is basically what I just said. Let's talk just a little bit more about this.

I enjoy this brief thread here. People want to compare, by the way, shout out to T.J. Martinell. I think I'm seeing his last name correctly. People want to compare our inflation crisis to the 1970s, but it's even worse. Unlike then, the Fed can't raise interest rates to 20% to combat it. Heck, they can't even raise it 1% without crashing the economy. Think about it this way. In 1980, if you had money in the bank, it was generating not just an annual interest,

but a significant one. That incentivize people to save. There's no incentive to save now. Either invest in a stock market casino or put it elsewhere. As aside, in 1980, the median home price was $47,200. Here's what it would cost today if homes remained with inflation. Instead, the median home price in 2021 was $346,900. This, of course, in the U.S.

In Canada, it's like $800,000. Something stupid. But yeah, so if housing prices, which are a very important thing, I imagine to most people, it's you aspire to own your own home eventually, if housing prices had just kept pace with inflation, you should be able to pick up a decent home for $162,000. However, it has not kept up with that. It's gone up much quicker than that.

And so it's multiples of what that number should be. It's, again, 346-9, which is crazy. A lot of people, I think I genuinely believe that are like my generation. is going to be one of the last generations where a significant number of people actually own own their own homes. That's a trend that that seems to be going away. People are just going to rent for life. Again, it's that W.E.F quote, you'll own nothing and you'll be happy. I don't know how happy they'll be, but they will own nothing.

It's unfortunate. And again, just on interest rates. So typically to deal with inflation, the Fed will raise interest. interest rates, which means the cost of debt goes up and it kind of, it's taking away the punch pull, basically, is what it's doing. However, it's kind of in a difficult spot right now. So, so there, the world is saddled with so much debt, both consumer and federally, that raising rates meaningfully will cripple a lot. Every 0.25% increase or 25 basis point increase equates to an extra $25 a year in interest for $10,000 in debt. So if the Fed boost rates by 1%, consumers will pay $100 extra

annually on that debt. So things that can be affected here, credit card rates, auto loans, mortgages, home equity lines of credit, savings accounts, they're talking finally. They're like, well, civil lining, you know, savings accounts will get more interest. Seriously, like, Savings accounts, they'll brag if you're getting like 0.1% on a savings account. And inflation's at 7.9% reported. If you think that savings accounts are really going to, like, is that a silver lining? Your your 0.1% might be what? 0.2, half a per, even at 1%.

You're losing 7% purchasing a power annually. So really, like, they would have to raise rates meaningfully. And with record debt in the U.S., amongst companies, amongst individuals, amongst countries, raising rates would just implode everything. And I'm talking meaningfully. Maybe they'll eke out a rate hike or two. but, you know, the last couple times they tried to do it, everything started imploding and they had to reverse course pretty damn quick.

I would not be surprised to see the same, but temporarily we may see them try to stay the course. But hey, we'll find out. Let's move on here. Executive order on digital assets. Everybody was all freaked out about this and it seems to be a bit of a nothing burger. So this is a statement by the Secretary of Treasury Janet Yellen, Janet, what she got to say on Biden's executive order on digital assets.

So it says here, U.S. Secretary of Treasury Janet Yellen released the following statement on the executive order. President Biden's historic executive order calls for coordinated and comprehensive approach to digital asset policy. This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses. It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and the broader economy. Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems. We'll also convene the Financial Stability Oversight Council to evaluate the potential financial stability risk of digital assets and assets, whether appropriate safeguards are in place.

And because the questions raised by digital assets often have important cross-border dimensions will work with our international partners to promote robust standards and a level playing field. This work will complement ongoing efforts by Treasury. Already, the department has worked with the president's working group of financial markets, the FDIC, and OCC, to study one particular kind of digital asset,

stable coins. and to make recommendations. Under the executive order, Treasury and interagency partners will build upon the recently published national risk assessments which identify key illicit financing risks associated with digital assets. As we take on this important work,

will be guided by consumer investor protection groups, market participants, and other leading experts. Treasury will work to promote fairer, more inclusive, more efficient financial system while building on our ongoing work to counter illicit finance and prevent risks to financial stability and national security. Man, that is a long way to say a whole lot of nothing. Basically, they're getting together to write a report on what they should do.

Notably, they don't really talk specifically about anything other than stable coins. They really don't say a whole lot here. it just seems like they're kind of, they got their thumbs up their asses and are, are slowly moving on things. Obviously, there, there's, there is some stuff in and around them pursuing the idea of CVDCs. Probably, I shouldn't say probably,

but I would be surprised if this is not in response to other nations that are making moves there quicker than the U.S., China, so and so. forth. But yeah, you know, everybody was kind of freaked out about this thing, I guess, coming down the pipeline and it doesn't seem like much of anything. So, so far anyways. Another thing I want to touch on here, this is something from the Bitcoin Policy Institute. They conducted an assessment of the question at a time when geopolitical and economic shifts threatened to disrupt the global monetary order, can Bitcoin give the U.S. a national security advantage? This is interesting. I'm going to read a couple pieces from it.

By the way, shout it to Matthew Pines that dropped this. You can follow in on Twitter at Matthew underscore Pines. And the full report is there. It's lengthy. It's like 50 pages or something like that. But I'll just read a few key points here. So here's a summary of Bitcoin's potential benefits and risk to U.S. national security. So the benefits, they say properly appreciated. This paper argues that Bitcoin can support three national security objectives, specifically identified by the Biden administration's interim national security strategic guidance.

In particular, Bitcoin may help, one, drive economic growth. And they say Bitcoin's growth can drive technology, innovation, and expand U.S. capital markets. Bitcoin's proof of work mining may incentivize renewable energy and improve energy system resilience. and Bitcoin can foster increased economic inclusion. Number two, it could counter strategic adversaries. China is using the current dollar system against the U.S. China's Belt and Road Initiative, along with its digital currency project, make it poised to outcompete America for influence in low and middle-income countries.

And finally, Bitcoin can counter China's efforts to internationalize its digital yuan. Okay. And finally, three, it can potentially promote American values. Illiberal and authoritarian states benefit from restricting the open flow of information and capital. Bitcoin enables citizens of these nations to finance opposition to their governments and move capital into Western markets. In terms of risk, they say Bitcoin presents possible risks and challenges, including potential constraints on monetary policy and flexibility. by design, we'll add. Future protocol changes.

I don't think that's much of a threat, as we've seen. Domestic and international shifts in economic power. Yeah, I mean, more hash rate, more influence, more ability to command new coins on the network or command transactional fees, so and so forth. Sure. Reliance on overseas microchip fabrication. I will say that currently this is a big one. We do need more chip fabrication in the West, I would say.

Unanticipated affects the domestic and international energy system. I mean, I see it more as a benefit. Again, they talk about resilience above. So I guess they're doing both sides of the coin there. Vulnerability to adversary attacks. I don't see that as much, especially when it gets to a nation state level. and then other unknown anticipated risk given Bitcoin's limited 13-year history. And I mean, that's fair.

It's still pretty young. Let's just jump to the conclusion here. They say, is difficult for legacy institutions to acknowledge that structures that underpin their power need reform. It is natural for incumbents to view the systems they spent their careers building as necessary and good to view any challenge as a threat and innovation as a concern. This is understandable at a human level. At the level of national security and geopolitical strategy, however, it is counterproductive. Preconception bias and cognitive inertia are limiting in an era of rapid change. Those who fail to adapt fail.

Yeah. So I'll kind of leave it there. But they say that Bitcoin, if it succeeds at home and abroad, can help the U.S. and its liberal allies achieve our enduring objective to keep the world safe for democracy. So, I mean, on its head, Bitcoin does kind of echo some of the founding principles of the U.S. And it is reflective of a lot of those ideals. It's, you know, it's the idea of this, this self-solving. earn money. Now, you could argue that that's not reflective of the U.S. today. I think that would be a fair

conclusion. But I'm not convinced that the U.S. would move to a place where they're utilizing Bitcoin from a national security perspective, unless shit really, really hit the fan. Like, in the next number of years, you know, China is already the world's largest their number of trade partners that are primarily trading with China are far outweigh those that primarily trade with the U.S. at this point. If the yuan were to become more of, especially the digital yuan, were to become ubiquitous with international trade and the U.S. clearly was losing the flight to try and get some sort of a CBDC in there.

then I could see it as a last resort because the open source, uncensurable, you know, sound money that cannot be debased would be the choice of the people. It would be the choice, given the choice of surveillance and censorship coin versus a free and open alternative that anyone can use, I think it's clear that Bitcoin would win. But what would it take for the U.S. to capitulate to that? I think quite a lot. So while it's not out of the realm of possibility,

and I think it would be more just people in general just opt out on their own, I think it would take a lot for the U.S. to actually say, like, hey, this is the road we're going, because they give up a lot with that, so a lot would have to be at stake. Let's keep going. A few things I wanted to bring up that I saw in my feed today that I thought were kind of cool and interesting.

Cold card Mark 4 coming out pretty soon. New virtual disk feature works on iPhone, Android, and computer. You can now take power from the phone and enable the virtual disk to send partially signed Bitcoin transactions back and forth. We have other surprises in the roadmap in the future. So it has a screenshot here of a phone and it's saying it shows cold card as a disc on an iPhone, which is, that's interesting. So basically that would allow you to do partially signed Bitcoin transactions from your cold card via this connection and actually store stuff on its virtual disk, basically plug it in and without actually compromising.

the device itself or without like not it I think it keeps the air gap to nature of it intact which is interesting but yeah basically there would be an actual virtual disc available which is kind of cool another thing that dropped new foundation passport looks sleek so they just showed the new passport it looks pretty good, guys. They slimmed it down. It's new color screen. Buttons look pretty fancy. I've got to say I've got the first one and pretty good.

Not going to lie. I enjoy it. I thoroughly enjoy it. So it says batch two features, 20% thinner design, standard form factor lithium ion battery, higher resolution IPS color display bonded to ultra hard glass. That's good because I, We'll note that the old screen seems to be getting some scuffs.

STM processor, microchipped, so and so forth. Physical power button, improved microSD slot, power only USBC port, which is awesome. Yeah, it also ships with a microSD card, industrial grade, a removable lithium ion battery, which is nice that it's removable, microSD adapters for iOS and Android, USB charging, cable and there's an app they actually have an app now of course i love using this with like blue wallet and stuff like that uh or or um sparrow on desktop works seamlessly but uh you know another app why not it's it's welcome uh says helps you securely and easily set up your passport keeps you up to date on firmware updates no computer required that's nice uh provides quick and easy access

to support resources less you send receive and boost bitcoin transaction Um, yeah, that's pretty sleek. I gotta say I'm gonna, I'm gonna try and get my hands on one of these as soon as they start shipping and I will do a follow-up video, uh, another tutorial on it. So awesome. Uh, what else? Oh, yes, I wanted to touch on this too. Um, wallet of Satoshi. Of course, custodial lightning wallet. Um, if you've used it or seen it, you'll know that. I did an old video on it. Um, but it's still like it's super easy to use, uh, especially if you're keeping just small and mounts on it just like back and forth for easy lightning you know not bad uh but they rolled out um l n they they they rolled out lightning addresses so you have a unique wallet of satoshi lightning address so uh it shows here they right now they make it up for you um because they don't want people squatting on on all of these addresses but basically it'll be some random like this one is instant liquor 95 at wallet of satoshi.com. So you'll just have a random one.

I checked mine. What is mine? Anyways, I checked. It was some weird thing. But kind of cool. I was able to send over from Blue Wallet. I was able to send over from Zebidi. There's a few others that support lightning addresses, which is nice.

So yeah, kind of cool. I'll probably do a tutorial on this as well. just, you know, I like, I really do like the Lightning Address idea. And I hope to see more support for it from more wallets in the future. But for now, yeah, kudos to wallet of Satoshi. So I asked you guys, as per usual, what's your favorite new piece of Bitcoin-related content this week? And my favorite recommendation was Matt O'Dell on CoinDesk talking about the long road to Bitcoin. Coin privacy.

And he talks about coin joins, privacy coins, and canaries, all this kind of stuff. You know, privacy has been more top of mind for me as of late. I'm sure you're all familiar as to why. And yeah, the privacy guys were right. The problem is that the tools are not yet. easy enough and simple enough that people will by default use them. You know, you can't, it's definitely possible to learn. It's definitely possible to do it.

And it's not, it's not too terrible to get relatively proficient at it. But it's so easy to just not, right? It's so easy to just default to, eh, it's fine. And I am, I will say I'm, I'm not free of guilt when it comes to that kind of stuff, you know. And I look forward to more tools being built out, but I think he's right. He, the quote here, people will get burned. And he talks about, you know, people are going to need to get burned pretty bad for them to default to this kind of stuff. And I think he's right.

I think he's absolutely right. It's a really good article. I highly recommend you read it. And yeah, you know, I think privacy is something that I need to spend even more time on and to to kind of refine how I do privacy. It's tough being a person that does tutorials as to like publicly put together videos on various apps and things like that while also preserving any semblance of privacy. You know, I'm showing transactions.

I'm using various wall. and keeping everything straight as a task and a half. So, yeah, I will, you know, it's going to be a continual struggle, but, you know, I do have a privacy playlist on my channel. It goes through a bunch of things, things like using BISC as a decentralized exchange, various forms of coin join, using, now the name escapes me, basically swapping UTXOs. with people through the, geez, what is the wallet even called? Why am I sleeping on this? Anyways, yeah, there's a lot to consider. But in the end, I think that, yeah, we shall see.

Either way, privacy, important, very, very important. My cursor for some reason is not liking me right now. I don't know why. But regardless, last couple things that I will say here, geez, I do not know why my cursor's gone. Well, that's fun. I don't even know how I'm going to end the show. Anyways, guys, last a couple things I will shout out. I dropped a video on at the beginning of the week.

I dropped it on Talleycoin. and I went through basically how it works, how you can link it up to your lightning node, how you can utilize Bitcoin addresses in fundraisers and everything. I also touch on Paynems, which are a more private way to accept donations and things like that. And so I highly recommend that if you're looking into Talleycoin, that you look into PayNMs, they are important.

to learn about. And yeah, I'll just kind of leave it there. Also, I have a Payne M tutorial coming out on Monday. And Payne M's not in Samurai, but this time in Sparrow Wallet on desktop, which they just rolled out. So that'll be dropping soon. And then I've also got, geez, everything is just dropping on me. Hmm, fun.

And then I've got, why are we bullish tomorrow? we've got, I think, all new guests tomorrow. Pretty sure. Ben Ganyon, I'm excited to have him on. I've met him in person. He's really well spoken. But there's a bunch of good guests going to be on tomorrow. So be sure to check that out as well.

I guess with that, geez, why? Well, I'm going to try something and see if I can get out of my screen as it is. but if all else fails, I'm just going to have to try and cheese, I don't even know how to end this stream now. My cursor is literally just not even working. So we shall see. It might just be me closing my computer at this point. Anyways, guys, thank you, you know, doing shows on the road.

Always fun. Anyways, guys, thank you so much for watching. Like, subscribe, share. all those things are super important. You can hit up the previously mentioned sponsors down below in the show notes. Shake pay, leaden, bit refill, Keystone, Bill Fottle at PrivacyPros.com. And if you really like, you can always drop me a Bitcoin tip at my strike page, which is strike.

combe slash BTC sessions. With that, I'm out in a moment. God, this is going to be the most awkward ending to a show. But, yeah, have yourselves a wonderful. Oh, there's my. Jeez. There's my cursor. Came back in the nick of time.

Anyways, guys, thank you so much. And have yourselves a wonderful day or evening, wherever you may be. See you guys next time for your daily session.