TFTC: A Bitcoin Podcast - Rabbit Hole Recap: Week of 2020.06.15

Episode Date: June 18, 2020

Join Marty and Matt as they discuss: - Coldcard v3.1.6 firmware - Bisq v1.3.5 - Tallycoin v2 - Automated BIP39 recovery in Electrum - ASIC industry breakdown by bitmexresearch - Blockstream Esplora now bundles in a custom version of electrs - PR to split the bitcoin core GUI - bitcoinqna releases explainer on coinjoin toxic change and dedicated full node comparison [chart](https://github.com/bitcoin/bitcoin/pull/19071 and https://www.bitcoinqna.com/nodecompare) - Bitmex and OKCoin provide grant to Amiti Uttarwar - River Financial raises $5.7M - John Cantrell breaks Alistair Milne's engagement buying scheme - Rajarshi Maitra explains his journey contributing to bitcoin core - KYCnot.me website launches - a discussion about open source software - Consensys partnering with major exchanges to help them stake ETH + Matt's thread - Zoom will offer end to end encryption to all users - Capitalism doesn't exists Shoutout to this week's sponsors. Cash App. Start #stackingsats today. Use the promo code: "stackingsats" to receive $10 and contribute $10 to OWLS Lacrosse when you download the app. Unchained Capital. Head over to www.unchained-capital.com/vaults and check out their 2-of-3 multisig vaults.

What's up freaks? Marty here. Matt and I just ripped two hours. You're going to hear all about it when we jump into it. This episode of Rabbit Hole Recap is brought to you by our good friends at Unchained Capital. You already know all about them. They've got a security first mindset while providing financial services for Bitcoiners. The security first mindset is really played out in their Vaults product, which is a product in which you can engage in a two or three multi-sig quorum with unchained in which you hold two of three keys whether it be a ledger a trezor soon to be a cold card as well you control two keys unchained controls one if you ever want to move your utxos out of that multi-sig vault you can do so by

yourself without unchained but if you need a little help you got one key somewhere another key somewhere else and you need access to your utxos unchained is there to be that second signature and that to its free quorum they've open sourced this solution uh via caravan and they just released a second version of caravan which comes with uh x pub keys being able to be downloaded in the multi-sig wallet uh coin selection uh hardware wallet testing suite and a bunch of other great features that any bitcoiner should want when creating a multi-sig address address wallet multi-sig wallet address both uh forgive me on top of that they have their collateralized loan program where if you don't want to sell your bitcoin you want some same day

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The vault, the collateralized loan product, and the blog. www.unchained-capital.com This episode is also brought to you by our good friends at the Cash App. Cash App is something you do many things. Most importantly, they're helping you stack sats. You can stack sats, send sats, receive sats, sell sats, if you so please. It's not recommended, but it's there. On top of that, they're letting you DCA into Sats.

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And they're a new bank, I guess. So Cash App is a new bank on the market. You can buy Bitcoin. You can buy slivers of stonks, engage in their boost program, or save money at partner merchants. And they're really developing their product suite there. So when you do download the Cash App, if you haven't already, make sure you use the code STACKINGSATS. That's S-T-A-C-K-I-N-G-S-A-T-S, one word. You're going to get $10, and $10 is going to go to our good friends at Owls Lacrosse.

that's owls across hey marty's owl what's up use the code stacking stats download the cash app and enjoy this rip of rabbit hole recap you've had a dynamic where money's become freer than free if you talk about a fed just gone nuts all all the central banks going nuts so it's all acting like safe haven i believe that in a world where central bankers are tripping over themselves to devalue their currency bitcoin wins in the world of fiat currencies bitcoin is the victor i mean that's part of the bull case for bitcoin if you're not paying attention you probably should be probably should be boom what is up freaks welcome back

to tales from the crypt our weekly edition that was a good pop of rabbit hole recap we're both drinking this week i've got a nice vodka soda with a little tinge of lemon what are you drinking i'm drinking oban 14 it's uh got a tighter cork that's why you heard that nice sound that was a very pronounced uh bottle pop there they know how to make their corks over there where where's the front it's from scotland it's scotch from scotland yeah all right good it's still it's authentic uh lots of talk about this week uh should we start with brian armstrong asking to come on podcasts i i can't believe you invited him on the podcast marty you know you got to shoot your shot the the opportunity to have brian come and

have a level-headed discussion about uh bitcoin his obsession with quote-unquote crypto and whether or not he actually understands this stuff i you can't balk at that opportunity no i mean look i would love to have him on the podcast but he's not gonna he's not gonna come on the podcast uh i think we'll be cordial too you've been calling him a naked mole rat for the last couple of episodes and before that i'm pretty sure you called him a naked molar out about a year ago you know so this is not a new thing for you and uh pretty sure i told him to kindly go fuck himself in the newsletter last week i think you did brian we can get over this no we can i think we can i think we can we should be in person uh over zoom probably actually we'll talk about zoom

later um over in video conferencing tool and we should hash it out if you want to have a uh not sophisticated i don't think i could say the word sophisticated but adult conversation uh bereft of emotion not emotion but uh feelings i think we could we could do that yeah no but it's gonna be no holds barred like we're gonna fucking ask you everything and you're gonna be extremely uncomfortable and yes there's going to be no edits so i i imagine you being brian armstrong will prefer to go on one of these bullshit ethereum podcasts where they'll suck your dick yeah yeah what does that say what does that say face the crowd brian hey a a warm and welcome open invite i won't bite i promise i just i just want to say something to all the other

podcasters that might be listening to this if you do run you know one of those crypto podcasts that i just kind of offended you i i kind of apologize for offending you because i'm going to say this you should bring up the dea partnership like please have it in your heart to bring that up because i think it's important for your listeners and i think it's important for your open finance ecosystem yes how can you support open finance yet give away all your user data to the government and ask brian if it's racist to sell surveillance tools to the dea just ask him just you can you can even do that kindergarten thing matt wants me to ask you yeah yeah matt marty because i want to do that question too yeah marty also yes um the dea uh not a good track record in my opinion

but we covered that last week if you freaks don't know coinbase is selling user data or blockchain analysis data not necessarily their users but presumably their users to the dea and irs um so be aware back to the topic of this podcast which is bitcoin we're looking at clark moody's bitcoin dashboard a beautiful dashboard fucking love this dashboard um price is currently at $9,364 we're at block 635,330 nice even number there we had a difficulty adjustment earlier this week uh would go went um up 15 almost huge uh huge upwards adjustment we're almost near the all-time high difficulty so it seems like a hash rate is recovering pretty well after the halving which is surprising some people currently right now blocks are coming in since the last retarget

at 10 minutes and 42 seconds next retarget date is scheduled or not scheduled is estimated to be june 29th and we are 1726 blocks away from that excuse me i had a little burp there's currently 30,396 transactions in the mempool. Um, samurai whirlpool last 30 day, 10 transaction volume has been 558.65 BTC. Uh, there's been 6,450 cycles in the last 30 days. Uh, what else can we look at here? Fees are pretty low, 20 sats per bite should get you in, uh, in a timely manner. If you want to get into the next block, they're recommending 42 sats per byte on Clark's dashboard, but that is subject to change, obviously, with demand.

That's about it. Average fee versus reward is about 3.41% or 0.22 bitcoins, going down a little bit after the halving. I also love that dashboard. Yeah, it's a great one. One of my bookmarks. Fundamentals are strong right now. I'm liking this little price consolidation.

It feels like you had a great tweet this morning, tweeting a screenshot. You had a screenshot. I'm like, dude, I'll tweet it because it's going to get deleted. Yeah, I would have just quote tweeted it or responded underneath him, but I knew it was going to delete it, so I had to take a screenshot, unfortunately. Yeah, and it's a very good point you made.

The fact that people are complaining that Bitcoin is hovering just below $10,000 isn't there yet considering all the macro uh developments that are going on is perplexing to people if bitcoin is not succeeding it was a it was a trend i noticed right because joe weisenthal also said something similar um six reasons why bitcoin uh yeah and most of them basically were based off the fact that like bitcoin should be higher than 10k right now based on all the macro situations right but that's crazy that's crazy right that like that is so awesome that even the bears you know believe that bitcoin's too low in price like that's just like to me when i first got into bitcoin when people said ten thousand dollar price

targets i thought they were batshit crazy not batshit crazy but i just you know it was moon math it was bullshit moon math that like maybe one day we would hit it but not you know anytime soon and now it's just too low just normal yeah and it's people really they i mean the the bull run in 2017 people have that weird bias where it we're not biased but just mentally anchoring stuck in their mind yeah yes anchoring bias like they they're anchored on the twenty thousand dollar bitcoin when it was only there for maybe minutes at that level and then it was above 10k i believe for like something like less than two percent of its entire life cycle probably even less than that well we never broke 20k right no we got like close i think it wicked up for like a

minute yeah if that and the whole thing was like it was like 10 days it was like 10 days above or like 15 days above 10k it was like the most insanity thing ever yes in that run but we did last this time last year we ran up to that level as well and hovered around there for quite a bit that's when i told everyone to market buy right yes yes like 13k right dude it was probably exactly a year um from today actually now that i think about that yeah apologies on that one hey um in my defense i did as well yes and i did as well and if you're listening right now you should mark it by i'm gonna mark it by right now i got an on-air market by it always feels good i actually um donated some sats today so i'm gonna replenish i'm not buying bitcoin anymore

because it should be higher and that's bearish that is bearish the whole the whole investment thesis is bunk now it's it's too low for me to be bullish on it it needs to be higher what would uh would 20k make you bullish then it's then it's too high for me to be bullish on it yeah and i also like oh like the the halving is priced in and shit it's like we're just it doesn't matter anymore i i just no one gets proved either way regardless of what happens because they well we if it goes up it's just for other reasons you know we more than doubled from the march 12th bottom so we had like the having got priced in it had to double in price from that point to the point of the having uh we just had like a mini freeze there but it's it's it's priced

in don't worry it's priced in now it doubled since march 12th i'm back now i think i have too too many devices connected to this shitty router so i mean why don't you start us off on the next story and i'm gonna go around turning off things okay you go around and turn off things i'm gonna get us started on the next story or the first story really uh cold card firmware version 3.16 has been released this is their uh update that um i believe it's the one yes that uh deals with the bit 143 attack that we talked about last week or the week and the week before um so it's an enhancement uh detect report and block the recently reported type of attack against bit 143 replay of segway inputs with an error message no changes needed to your input

pbs t god it was bound to happen uh will show errors similar to input uh number sign zero expected 15 but psbt claims five bitcoin um so they're basically rodolfo and crew took their time is it is it a crew was it only rodolfo looking at this i don't know matt's still turning off devices took their time to work around this bit 143 bug and firmware version 3.1.6 has a fix in for that and basically it'll be an error message showing up if somebody tries to replace your original transaction with a transaction that has a enormously high fee i know matt's gonna want to gonna want to comment on this so i'll announce some other updates in this particular upgrade they have q qe qe qr code rendering has been improved so

should make it more readable for more cases and faster if you're having problems uh if your phone or camera is having problems recognizing the qr code uh and then when the cold card is finally finalizing this goes back to the bit 143 bug at the when the cold card is finalizing the transaction they'll show the tx id of the transaction on screen so that should match up and hopefully uh you are not getting your transaction replaced with something with a higher fee and the beauty of this setup is that it doesn't break any existing software that supports a cold card hey what a responsible upgrade and they figured it out in a week are we uh that's what i asked we was it uh was it just rodolfo working on this or do you have help with it

i mean i think the brains behind the operation is uh is his is his uh co-founder peter uh ridolfo is more of the pretty face in the front yeah yeah um so what does this say about responsible disclosures i know zach uh zach herbert came out with a nice thread last week describing the differences between the hardware wallets and the different trade-offs you make when uh sort of trusting the different parts of each device particularly the secure enclave throughout each and the chips that are on them and he he came out in that thread and said he respects what cold card is doing the most and trusts probably that hardware the most and it will be basing foundations designs off of what cold card is doing not basing it off of what cold

card is doing but trying to follow no he's done he is basing it off i mean he's like it seemed We'll see, you know, when he actually delivers a device, but it seems like it's going to be very similar to cold card. I mean, cold cards, open source, right? So if he does use cold source, cold cards code, hopefully that, you know, he'll contribute back upstream with any changes he makes or any improvements. But anyway, did we talk?

I mean, look, I think the freaks know. i i won't speak for you but i actually i'm going to speak for you i think the freaks know that we think the cold card is the best hardware wallet on the market um yes i i trust it the most i like it's i like it's set up the most um i fucking love the power user features i love that it has the secure element while everything else is open source um i like that you don't have to trust the secure element i like that i can count on it in a physical attack scenario um i like i like that there's no like bridge connecting to cold card servers exactly to feed you addresses and stuff like that but um i i do want to i because you just chimed in there it protects you more than

other devices would in a physical scenario but like you should still try and obviously um reduce physical access to it like you don't want an attacker to to be holding any of these devices but if they're holding a treasure uh they're going to be able to extract that seed relatively cheaply and relatively easily and then once they do that then they just have to brute force your passphrase if you have a passphrase enabled um so physical security is is definitely much more in in cold card's favor um one thing that zach missed in his thread is on the treasure t which by the way like i think is like a it's it's a decent product like the treasure t is a good product i don't think anyone should be using the treasure one um because it's just i you can't

enter the passphrase on the device um and you need a passphrase if you want any kind of physical security there um with the treasure t they did put it like a band-aid over it with that sd card feature that they added where you can the seed is encrypted with a secret that's held on the sd card so if if the sd card is kept separately from the treasure t then you do have a decent amount of physical security there as long as you keep the two two separate the sd card and the treasure like an attacker would need both the sd card the treasure and and uh your pass rates to compromise it which i think is much much better and then the other thing is like one of the main benefits of the treasure is that they had ridiculous software support like the treasure t you could plug into

like everything uh and right now they don't because of the way they handled the that bug so yeah i own both uh disclaimer i own both as well yeah i even own ledgers uh but i and then it's the other thing it's just like a good rule of thumb two good rules of thumbs uh rules of thumbs with hardware wallets is you should using multiple you know multiple different types of wallets uh is a nice way of minimizing risk because if one gets one fucks you like you don't lose everything uh compartmentalizing and then the other thing is like new hardware new software releases like you should be very conservative with with stuff especially if you can't read code you're not a programmer you let things sit on the market for a little bit let them get attacked

let's see what kind of vulnerabilities they are before you start trusting them too much yeah i would agree and then on top of that just don't keep all your eggs in one basket either the i mean whether or not the validity of this story is true but somebody is claiming to have gotten uh fished i i do as well uh but you could use that bullshit as an example of you you don't want to have all your your things in one one basket if you do just so happy get hacked it's going to diversify your your utxs never enter your seed into your computer freaks especially if you've been around for seven years unless you have like unless you're doing some kind of recovery where you're trying to get into electrum use electrum to recover but be very

careful if you do it like it it should be you know you should be using a fresh computer you should be very careful with it if you if an extension or an app or something is asking you to enter in your hardware wallet seed it is gonna steal your money yes and you should be able to verify that on device going forward what i think you can enter your seed phrase on the trezor well yeah so the trezor one for a while had like this scrambled word thing you did to make up for fact that you couldn't enter directly in the device but now i believe they have like matrix setup i haven't used a treasure one in like five years because that's when the treasure t came out so like i don't understand if you have any kind of decent amount of coin like you shouldn't be

using this old device that you that is harder to type things in but yes i my understanding is the treasure one you can now through this through this method called matrix you can type it in on the device which is how you want to do it you want to put it on the device in eric's case he was supposedly using a keep key which is a trezor clone a trezor one clone made by shapeshift which they sell for ten dollars to get you into the shapeshift ecosystem uh so it's a loss leader product um which i would never use a keep key just in general um if you're going to use it you know use a trezor not the clone of the trezor uh just good another general rule of thumb not to use the cloned product use the actual product um but yeah you should enter you should enter the

seed seed directly onto the device uh ledger you can enter the seed directly on the device you're never expected to not enter it directly on the device cold card you're never suspected not to enter it directly on the device trezor t you're never they never ask for you to type it into the computer uh out of all of the seed recovery setups the ux on the treasure t is actually the best uh because it's a touch screen but also touch screens have security issues of themselves yeah what's that one hardware device we've been getting tagged an engrave or something like that no not now oh oh once do we get tagged once we i got tagged again i think a couple days again i know first of all it's like a kickstarter it's unreleased so never like just don't pay

attention to unreleased products this goes back to our general rule of thumb previously and let it be on the market for a while second of all i read that i read their blog post and it's just all buzzwords like when you read buzzwords and like blockchain and unhackable and shit uh alarm bells should start ringing yeah i watched the uh the video it seems very uh snake oil salesy yeah i look there's only as far as i'm concerned right now there's only three hardware wallets people should be looking at that's cold card ledger and treasure t um the ledger is completely closed source uh their apps are open source but the the actual device is closed so you have to trust them uh but they they own that and they're quite good at shit coins uh if so if you're

an ashamed freak who's like trying to stake or something like that like you can do that all through ledger they do that really well didn't they just release ledger live as a desktop desktop app so you don't even have to connect to them though no it was always a desktop app oh so you connect to their servers you do connect to their servers yeah oh but they i thought they released something that allowed you to cut their servers out no no soon supposedly we have a couple ledger guys who listen to the pod one of them promised us a couple months ago that it was going to happen soon that was a priority uh so i'm holding them to that we're looking forward to that um what's cool about the ledger nano x and it's one of the reasons why some of my like college

friends like i like i tell them to get it is because they have the mobile app and as as i as like much as it pains me you know if they're running like a shitty old windows computer and they don't want to get a new computer like it makes a lot of sense to use their closed source iphone with their closed source ledger wallet and the closed source app um but i tell them you know when you're ready you got to move up to cold card once you sell your shit coins yeah that is uh some might find that blasphemous but a lot of nuance here you have to uh i mean you just have to be realistic with normie expectations of ux and i've i've uh improved or become more technical as i become more acquainted with bitcoin and the technology

that exists around it uh we'll just stick on wallets and seeds here for the next two topics did you talk about bip 85 while i was walked away from the computer um for cold card no i did not so this is the coolest part of the update uh because to be to be honest like the attack it's that that attack they patched seems like that's a very obscure attack they would need to compromise your computer and uh yeah it seems like a very nuanced complicated attack this we touched on this last week yeah bit 85 is fucking massive because you get to make as infinite amount of child seeds yeah but i said last week that i wasn't positive it was going to be in the update or not well it was in the update so you can can you can create child seeds

from your cold card seed let's say you have like a phone wallet or something and then all you have to do is back up the cold card and it backs up all of your child seeds that's awesome yes and so you'd have to lose all of the devices or software that your child seeds run on plus the cold card to lose as well so i think that's a good and the cold card backup yeah good diversification of risk they're pretty cool um shout out to the cold car team putting the team on their back sticking on wallets seed generation all that recovery this is pretty cool automated bit 39 recovery in electrum was released i believe today or yesterday by luke childs of the electrum team this is just a pretty dope uh improvement user experience when you're recovering a seed uh and

trying to upload a wallet into electrum uh and it basically allows you to recover it and then it scans the derivation paths to see where um where you may have utxos within the the hd wallet which is pretty dope yeah so each wallet has uses different derivation paths so like it's not just the seed that the information that you need to restore a wallet so this basically makes um electrum an easy place to go to recover wallets that stop working other places like emergency recovery um so this is basically that one time where you would be entering a seat into your computer and it wouldn't be malicious yes and he made it really slick so it's not it's not merged yet but it seems like it's working um i assume this will be included in

electrum 4 which is a major release that should hopefully be done really soon i'm pretty excited for this release it's going to be a big one for electrum yeah and uh there's so many segues going on here we could um segue that let's segue this into what blockstream just released with esplora they announced that they have uh a an electric electris electris correct yeah electrum rust server yeah so they're they're launching an electrum rust server with esplorer which is their um their software that allows you to run a block explorer uh on your own device so you don't have to go online and look up addresses so and they've announced that they're going to launch it with uh electris now so that you can use that to to sort of pull

data on your own transactions and stuff like that yeah it's two things it's it's uh not only do they have an an open electra server so if you're running it without your own node um you can use theirs you can use theirs see and when you use electrum it defaults to random public servers these random public servers are expensive to run so presumably they're being run by some ogs who like electrum and are doing it for ideological reasons and then mostly chain analysis companies surveillance companies are doing it because whichever electrum servers you connect to they can see all your transactions your addresses your balances and your ip address which links back to your identity so blockstream is now offering an electric server that you can

connect to to trust them instead uh to some people that i mean to me i think that's an improvement but you still shouldn't do that i don't think you should connect and like to go back to our earlier conversation when you're using ledger live you're connecting to ledger server when you're using wallet.trezor.io you're connecting to trezor server so in this instance you trust blockstream instead of trezor or ledger or surveillance companies um they also now if you run esplora it comes packaged with its own electris so you can just have the whole package so you run esplora you have a blockchain explorer you have electris and then you connect electrum to electris and you're able to use your own node with with your with your bitcoin yeah and this is

actually pretty big not it's not a huge development it's a nice development to see especially since the Electrum X maintainer is going a bit nuts and will only be supporting it as a BSV or Bcash moving forward it's BSV hate to say it but there's a fork of Electrum X too that isn't going BSV

and this is a fork of Electros that Blockstream is maintaining so I don't really think in terms of performant Electrum server options we're the best we've ever been before it's not a it's not a cause of concern because you also have and then you have uh bitcoin wallet tracker bwt which is its own electron server implementation yeah it's a

plugin done in rust as well rust coming up strong rust is uh from what i understand a very powerful programming language. I was looking for the next topic I wanted to jump to, but I wanted to jump ahead to something. I can't find it right now off the top of my head. But while we're on the subject of wallets and nodes, this is actually pretty huge. Bitcoin Core is finally splitting the Node and the GUI software and they will be different sort of modules that can be

worked on separately. Hinadi announced this today. I think it's official. I don't think it's a pull request. I think it's been merged and you can start working on the GUI and the Node separately in GitHub

in a branch of the Bitcoin slash Bitcoin GitHub which is pretty big. This is something that the Quartz developers have been working towards for quite a while. Shout out to Ryan of Sky, Rush Nofsky, who's put in a lot of work to make it possible to work on these two different parts of the software separately. And apparently, now that this is possible, it'll be a lot easier to make better changes in a more timely manner when they're needed. Matt's reading right now. I mean, I think this is, I mean, I think this is, like, the first step.

I don't think, like, anything, it's anything very significant. Let me see what Hanadi said. You can start reviewing the code. Anyway, this has been a long-term goal for the project. uh so good to see regardless yeah hinadi uh at h hibasto said now it is officially uh it has officially been merged to welcome new contributors to dedicated bitcoin core gui repo so there's a dedicated gui repo where you can go and work on that yeah but it looks like it's just getting dropped back into the other repo yeah all right maybe i'm wrong could

be wrong that's what i'm saying is i think this is separate from the idea where the idea where you you can update the gui without making any breaking consensus changes like you can upgrade the wallet without creating an inadvertent fork right i don't think that's the case here i think it's more from the developer focus like where like how you're actually reviewing the code and and adding new code all right i'll eat crow here i could be probably wrong i'm sure there'll be a bunch of people in the comments telling us what's up yeah i'm pretty sure hannadi listens so he'll he'll let me know who's wrong here um hopefully we're both wrong i love when that happens but it seems like it's moving forward which is good to see um in terms of moving forward with bitcoin

Core Development, BitMEX and OKCoin announced $150,000 grant to a friend of the podcast, Amity Adewar. Shout out to Amity. Shout out to BitMEX. Who else? Somebody matched them at $75,000. Who was it? It was OKCoin and BitMEX. OKCoin. Shout out to OKCoin, BitMEX, Amity doing great work to help make Bitcoin more private at the P2P level and doing some work on the mempool and transaction uh um what's the word i'm looking for uh broadcasting yes rebroadcasting it's a that's a privacy leak many don't think about i felt bad about interrupting you so much last week so i'm trying to interrupt less don't hey just be natural man just be natural some more quiet matt today i interrupt don't be quiet i interrupted you earlier so you owe

me an interruption marty you're gonna tell the freaks that you canceled our live our our reunion today uh yeah i'm sorry oh son's got a doctor's appointment in the morning it's completely fair completely fair yeah i would not have i would not have been able to drink and uh return the car in time which defeats the whole purpose yeah not gonna have a sober reunion no we're gonna make it happen soon though don't worry do we we have shout outs today don't we we do that's what going to say i'm going to interrupt you with these shout outs we've got two i'm going to jump into the first one here they're going to come for us they're going to fall what they don't know is that we are doing it for our children some old enough to know what we're fighting for some not

yet born we're doing it for our grandparents who fought and died in wars so that they could be free we're doing it for those who can't do it themselves friends family and when those of us who don't know our arses from our elbows eventually awake realize all the time maliciously taken from us by banks states and states then all the days we have been stowing away will be made of honor and glorious spring they're going to come for us fuck them let's get it bitcoiners from at hodler than thou and at 21 ism hashtag bitcoin movie night pretty sure that's from uh braveheart cheers play on cheers freaks cheers to you guys love you guys to the grandparents and the grandkids i hope you guys like my pronunciation of arses there i try to make it as natural

and flowing as possible i've been practicing it was all right okay i'll take that uh good day to you this is a question uh good day to you gents from the crypt i love your show i want to say thanks on behalf of all the listeners your work keeps us our conviction in bitcoin strong and our bitcoin knowledge ever expanding i've built several companies in the past but i want to start a new company in bitcoin as i found that fixing the money is the only thing i'm very passionate about any ideas on what's missing in the industry but from a non-technical angle thanks and with my highest regards at tokyo porsche 911 i've been thinking of this it's hard it's hard uh it's been said many times in the past the best way to support bitcoin is just keep your fiat job and

stacking sats and helping the price floor if you really it's i mean education is what i talk about a lot uh even if you wanted that's why i started what i do uh this podcast in the newsletter uh did i miss something or was that an extremely open-ended question it was like he wants to start a new company and any ideas for what's missing from the industry didn't give us anything to go on he likes cars non-technical non-technical something going the nice thing about a porsche compared to a lambo is is they still offer it with stick shift if you buy a lambo you have to buy it automatic with paddles i don't know how to drive a stick yeah but you know you're spending

that much you got to learn you got to learn you got any ideas i mean you could teach bitcoiners how to drive drive stick that's a nice organic idea we just came up with he wants to help bitcoin does that help bitcoin by uh i i you can have an exotic car dealership that sells cards for bitcoin next bull run will be necessary i don't know if it helps bitcoin it doesn't hurt bitcoin it creates a circular economy hodl all the sats that you sell the cards for i want to provide tokyo porsche 911 with some actionable advice here educate help yourself don't ask what you can do for bitcoin ask what bitcoin can do for you and then the rest will come you'll figure it out just learn yourself constantly learn yourself

and you'll figure out you know help your friends help your family obviously me and marty are predisposed to the education side the whole reason i do this podcast is because i imagine all of you freaks are then the bitcoin guys in your communities that's the only way this shit scales so no matter what do that aspect and if other things come up other things come up you know but don't go quitting your fiat job so quickly just to jump in without a plan or that's like the worst idea you can do you'll just end up selling your sats at the bottom yeah i still have a fiat job matt still has a fiat job unfortunately yeah this is you don't you don't drop everything and jump into this that's how andreas ends up with zero bitcoin

damn dude you don't want to have to ask for a donation drive you definitely don't i don't think he asked for that he didn't he didn't he was it was natural yeah that was that was one of the more kind-hearted uh situations in the bitcoin community even if he does have his shitcoin tendencies sometimes i would not have as much bitcoin as i do today if it wasn't for andreas neither would i and he retweeted the bent today so i thank you for that andreas he retweeted the bent even though it's written by a white dude oh matthew i'm sorry i'm sorry he just completely snubbed us on that whole podcast thing yeah i forget that was before all this shit too uh all this shit man we'll get into that later i just poured my second vodka drink i'm not sure

if we should get into that yeah maybe we'll avoid it kind of just dragged it in yeah well you brought it up anyway last last cycle i would just watch andreas videos and then market by bitcoin like that's what i would do so he'll always have a special place in my heart even if he lost his way yes uh i mean yeah yeah we'll see bitcoin is for everybody at least he's not selling spy software to the dea there's different rungs to this shit you know i agree i agree um speaking of different rungs i don't know how this actually plays into the segue but bitmex came out with an incredible research report this week i wrote about it in the bent uh maybe we could talk about different rungs of mining the worst segue ever mining asic bitcoin mining asic

manufacturers uh so bitmain bitmain wow bitmex dove into uh the numbers the balance sheets and the market share of the most predominant asic producers in the game and there's just a very good well put together research piece basically proved something i've been saying and matt's been saying for some time is that bitmain is probably losing its dominance in the asic manufacturing space it is still the most dominant with 46 percent of the estimated market share but micro bt which uh manufactures the uh what's miners m20s and m30s is catching up last year or excuse me in 2018 it accounted for nine percent of the total market share and last year it grew to 35 so that's pretty considerable growth there and at the same time bitmain's market share fell

from 67 percent to 46 percent and then do we know anything about micro bt like who runs it and shit yeah so micro bt's founder is actually the designer of the s9 um which to date is the most successful minor model to date so it's like a bit main fork exactly so this guy um i'm not gonna guess his name because i'm gonna get terribly wrong he left he left to start microbt and uh the what's minor 20 m20s and m30s uh seem to be what the s9 was for bitmain and that's actually a great american mining that's what we use is the m20 and m30s and they have been extremely well performant and uh bitmain has actually had a lot of problems with their s17s uh particularly with uh failure rates have been pretty high i've seen one

actually more than one minor complaint that they've seen failure rates of s17 shipments up to 30 percent which is which is pretty untenable um apparently they're that's pretty crazy yeah their heat sinks are not designed well uh on on the s17 apparently they're working on fixing that with the s19 but we'll see anyway it's good to see uh manufacturing distribute um we obviously want to see it distribute as much as possible uh so hopefully micro bt doesn't become the champion here and just gobble up all the the market market share uh so it's it's definitely something to watch but uh bitmain can go fuck themselves so it's good to see their market share falling yeah let's touch on bitmain they're going through like some crazy drama right now as well where they

have like a a corporate boardroom sort of mutiny going on apparently they're they're holding off shipments to of s19s because jihan's technically out of bitmain right i thought he's back in now i think like as an advisor or something no i think isn't there a power struggle between him and i'm gonna butcher his name mccall it starts with an m right isn't like mcron or something mccree mccree i think mccree z or something yeah well apparently it's it's a proxy of jihan so there's the mccree faction and uh somebody who's working as a proxy of jihan and they're holding up mccree's on yeah says he was removed from bitmain without board approval

yeah i mean this story is pretty crazy they showed up apparently the jihan faction showed up when mccree was going to get his business license at a local um chinese government business license distributor and they literally just like took the physical license out of mccree's or somebody representing mccree's hand and that like gave them technical ownership of bitmain or something like that anyway it's good to see this power struggle since jihan tried to take over fucking bitcoin so hey fuck your mother if you want to fuck jihan if you want to fork right fork your mother if you want to fork yeah wasn't that the i think it was fuck your mother if you want to fuck

um but then i mean digging deeper to this bitmex uh research piece micro bt and bitmain weren't the only two companies they looked into they looked into ebag and kanon as well and kanon ebag's the weirdest name right ebang ebang who baby uh apparently well i think actually in the no bullshit bitcoin chat i noticed right before we hit record uh e-bank selects nasdaq for its ipo in which plans to raise more than 100 million dollars oh shit block crypto just uh announced that do we know when the ipo is let me pull up the link um well i pull up the link apparently kanon's ipo like they did some weird shit immediately after it and they had not been kicked out or something oh no their ipo happened right yeah it happened uh last year at some point

i believe or maybe even before that was is it on the canadian exchange or am i making shit up hut eight is on the canadian exchange i know for a fact i think canine may be there as well but don't quote me on that just stack sats guys don't buy the fucking ipo you're gonna underperform bitcoin you heard it here first yeah or maybe not first i'm sure other people have said it yeah yeah so ebang plans to ipo on nasdaq i don't think it says an exact year or exact date when it will ipo i think they're still doing the courting process probably take time to to work that out with nasdaq and how they'll do it um the symbol the symbol will be ebon that actually reminds me i didn't put this on the list but i saw it on that same feed earlier today uh whirlpool got

updated samurai whirlpool both the gui and the cli got updated updated freaks yeah i've been looking at my stability improvements and bug fixes yeah the gui on desktop has some if you're if you're not using cli cli is the command line interface first of all it's significantly better because it runs 24-7. You can run the GUI as standalone. If you run the GUI as standalone, you don't have to update the CLI. The GUI automatically updates the CLI.

But if you run the GUI and it's connected to your node, it runs 24-7 as well, right? Right. So you can use the GUI as just an interface to interact with the CLI, but if you're not running the CLI, the GUI runs standalone, and then it's not 24-7.

Yeah. So be aware. beware download that another i mean i didn't dive into this um particularly the no bullshit bitcoins best telegram group i've joined in quite some time uh shout out to whoever is running that channel um the uh apparently whiz has an update on the mount gox bitcoins so i'm gonna go read that at some point as well i didn't dive into it though there's only so much time in the day okay what's our next uh we just got really sidetracked also shout out to whoever runs that i remember what i wanted to jump to earlier we were talking about

it before we hit record when we were on the concept of like seeds and while it's john contrail uh founder of juggernaut the lightning network p2p chat app uh dropped a medium piece i believe it was this morning that explained how he broke alistair milne's engagement buying scheme is that your wording that's my wording yeah um it's pretty i mean we shat on alistair because that's exactly what it was yeah we did i believe if you freaks listened two weeks ago alistair was doing this engagement or this follower buying technique where he you had to retweet follow quote retweet whatever because he was going across all of his accounts

yes facebook twitter twitch um and so he's gonna the alistair was doing this by saying that he's gonna well not by saying he was releasing uh individual words as part of a seed phrase of a wallet that held one bitcoin and he was going to do this slowly over time and john contrell was following this and uh he basically brute forced the seed phrase after eight words were disclosed and the process for doing this was actually pretty fascinating to read about yeah so in short john rented a bunch of gpus using azure he uh wrote a special script he spent a decent amount of money on it what did he spend like a thousand dollars on gpus right no i think it was like five hundred dollars all in because he rented them

um he's lucky he's lucky that it was a real seed you know imagine if alistair was just like bullshitting around fucking the people well that's the uh speaking of nuance hit your bingo boards um the nuance of this is actually pretty fascinating so he um rented a bunch of gpus and they basically brute force he figured out if you know eight eight words of a 12 word bip 39 seed it'll probably take about 1 trillion guesses which is just a regular seed yeah um and it was actually this to me it was like ah maybe 24 seed should be like just the go-to moving forward um but there were some assumptions that he made that that helped him uh basically do this and the most important which what i thought was fascinating is

the words were released and he assumed this in the correct order so the first eight words were released uh and since they were in the same order you just have to find the last four words and not rearrange the first eight makes it considerably easier if that had not been done it would have been eight factorial there would have been eight factorial more possibilities but i think alistair admitted that they were in the correct order yeah i think i think that was the assumption going in the other thing alistair did was which makes it was honestly as far as using a bitcoin giveaway to buy engagement it was pretty genius right because he said you had to follow his accounts because he was going to make them private before he released some of the words so if you weren't

it was a way to make sure you actually followed him yeah but if anyone was going to break this i'm glad it was our buddy john and especially because he he gives us this great ass write-up instead of just disappearing into the ether. I was going to say ether, and then I was trying to look for a different word. I couldn't think of one. And what he says he's going to try and do, which is fucking, you know, got to give it to him.

It's fucking hilarious. He's like, I'm going to do a giveaway now, and I'm going to do one that can't be broken easily. So we'll see what he has in store for us. It's still engagement buying, John. it's still engagement buying he's gonna yes john you better not like tell people to retweet any of your shit or follow you or we'll call you out download juggernaut chill it yo i like juggernaut oh yeah there was a great episode on juggernaut with our boy paul uh future paul on twitter uh

his podcast cyberdeck users weekly he had john on so john was probably on that recording while he was while he was brute forcing uh alistair's seed so everyone should go listen to that that was a really good episode we got to get john on john if you're listening let's hook this up uh i'm down talk about talk about juggernaut and how you brute force this and and john is also open sourcing the process and uh the tools that he used to brute force this and this drives home a very good point And I think Brian Lockhart pointed this out, that anybody suggesting that you split up seed phrases and hide them in multiple locations is probably bad advice

because if you get even part of the seed phrase, it can probably be brute-forced with enough time. He also had a not-too-subtle snub at JW in there too. Yeah, JW, I'm sorry if you're listening, but it's just a fact at this point. You shouldn't be splitting up these seed phrases. i mean it doesn't protect you right like you're gonna they they can brood it but i i i i mean i there's nuance right there's no i'm not defending a lot of jw's arguments but in terms of actual

splitting um it does add complexity for no real major benefit so it is what it is there's better ways to store your seed let me put it that way the complexity like if one part of that yeah but like if if like some random schmuck finds four words highlighted in a book or something and it's really four words of a 12 word seed like they don't even know they're supposed to be they don't even know what they're looking at right they don't know what they're brooding so there's there's nuance here for sure right just don't assume that like if they if they find six assume that like they're gonna brute the other six if they know what it is well i think the first assumption has to go in is that you're being attacked by somebody who knows what they're looking for right well i

mean i we've said this before on the podcast but the you know the first step to bitcoin security is to keep your fucking mouth shut we're not very good at that what i've never what can you explain bitcoin to me i actually lost all my bitcoin in a tragic fishing accident so i'm starting off from zero again yeah shark ate my arm and i had a chip that had my private key if you guys want to help me try and claw backs on my stack you can buy us a bottle through the tftc.io contribute tribute hey please sir more more sounds um let's get some updates here bisque version 1.3.5 has been released uh so if you are a bisque user and you are trading there um definitely update that the update i've got to find the right github page when you have all these updates you have like

15 tabs with github on it uh so the dow bond view they fix sorting of columns uh they fix proof of burn signing for password protected wallets improved proof of burn layout and the ui has been improved um trading which i think is the most pertinent update section uh and when accepting an offer do not round the bitcoin amount outside range editing an offer should not allow the amount to be changed if you're running bisque update it i love when marty just reads release notes has no idea he has no idea what they mean marty do you have when accepting an offer do not round the btc amount outside range do you know what that means i mean outside the range of the offer that was given i would imagine i have no idea what it means yeah i mean why is it outside

the range isn't the range there all right but what's the point of an offer if it's outside the range well maybe that's been an annoying ux issue for people they've been putting it outside the range like i don't want to sell that many sets what about this one fixed trade withdrawal to external wallet step four fixed trade withdrawal to external wallet step four i'm gonna click on it what does that mean so the routine cleanup address entries in trade manager was presumably releasing funds associated with trades when they reached the last step of the process usually with a single trade this would not be an issue because cleanup address entries is called after the withdrawal but if you have more than one trade at step four then the first withdrawal

would go through but all the others would fail and their message missing x amount of bitcoin yeah so it's just like a little bug no that's great that i'm glad they fixed that your trade would go through and you'd still get an error message at least that's what it seems like i'm glad we explained to the freaks what that particular release note item meant um but using this as a as a segue our boy bitcoin q and a who put out uh these are the bisque explainer and walkthrough that we talked about last week um also has just recently put out great explainers on coin join toxic change and he did a dedicated full node comparison chart which is pretty dope It's a nice little chart that lays out all the,

you can interrupt, you can interrupt. I interrupt you because you speak so goddamn slowly, Marty. You speak so slowly. Do I? Speak faster. Time is money. Well, the vodka's got me slowing down right now. Supposedly I inspired him.

I had like a little checklist, like checkbox chart that showed like the different features and pros and cons of the different nodes. so he went above and beyond and it's fucking beautiful i love it so if you're a user a fanboy uh contributor to any of these projects make sure you look at his chart and harass him about what he got wrong because you guys did that to me and that's how i was able to refine my chart and he asked me for my opinion and i gave him some changes but i mostly told him you're just going to post this one publicly and you'll get it right in a week or so and everyone lets you know what

were the changes that you proposed uh well now i gotta pull up the chart but i personally i got the chart up personally i like i think i like the rise by blitz the best right now i haven't tried ronin dojo if you're going to build it yourself i like rise by blitz the best right now and you're running that on your casa node right or no i'm running i just have a single raspi four i actually haven't gotten my casa node yet they said they're gonna get it to me soon i have to like coordinate that um and i'll probably put ronin dojo on that on that one um but i ran my node on this first and then i flashed raspi blitz on it obviously i have two noddles uh as far as pre-built goes i love the noddle um if you're listening to this podcast you already missed the ama with the novel

team and oc bitcoin network but it is on youtube so you can watch it after the fact it's a great ama you get to see keto miner and it's great too with a nice tropical background uh they're on an island talking about noddle and privacy oh did you watch it it was good i caught like i popped in for for a few minutes i'm just gonna blindly assume it was good because i like both those guys and uh keto's a fucking man they're both a man they're both they're both fucking awesome um you know from like a privacy and security point of view the razz pipe blitz is just way more hardened in my opinion than my node well while we're talking about this it's not even node software but self-made uh hardware wallets they're like really getting your boy all riled up

like specter who put out a specter um tutorial this week was a diverter i'm not sure but i know raspi blitz has specter built into it yeah i mean i think dude that's gonna be the wave of the future we talk about hardware walls a lot obviously um like the mk5 off the rack uh just generic parts building a hardware wallet with generic computing parts i i think that's going to be my next bitcoin project is doing one of those because i think that's going to be the biggest fud with hardware wallets in the future is just the the supply chain stuff you just gave me a brain fart but it's not mk5 i know what you're thinking of yes it is mks or mk5 no you're you're you're thinking of the modular computing platform right yes i'm not thinking of

the mark 5 which hasn't been released that's going to be sick though it might not be called the mark 5 though i guess we're only on mk3 right now what am i thinking of what is that What's that called? I don't think it's MD5. MK5. What was Justin Moon's thing called? BitBoy. I'll look that up.

You screwed with me by saying MK5. I'm sorry. Okay. Stateless QR gap hobbyist wallet using Python. Oh, my God. This is killing me. I know for a fact it's not the MK5 platform. M5Stack.

Thank you. God. My bad, freaks. I'm glad we figured it out. That was killing me inside. I'm going to drink a little bit of whiskey. M5Stack. That shit's dope.

M5Stack is fucking dope. Right. Just in general. Like, people make, like, drones and shit. You know, you can make all different things with it. i need to get my i haven't gotten it yet i need to fucking play around with that it seems dope can you give me a break because mk and five are in m5 stack i don't know you did you just you just teased a future cold card is what you did my bad

shout out rodolfo another bingo but yeah like a multi-sig easy multi-sig with something like specter and then you use or like even the new caravan seems dope as fuck i like the old caravan and that wasn't even an hd wallet um so you you have like open source software you run it with your own node and then you're able to add a couple good hardware wallets maybe a hardware wallet you build yourself and then like a key on your computer or a key on your phone seems pretty secure yeah that seems but we're not there yet really so like don't don't like you know kill yourself over trying to get a good multi-sig setup right now i think it's um having multiple signals single sig wallets and then graduating to multi-sig in the future

is not a horrible idea because it will be easier electro multi-sig fucking sucks i will say that yeah you just made me think like we're not there yet like should we have like a ice cube are we there yet meme um that comes out and we just like throw that at matt odell every once in a while are we there yet well that's what people say like are we ready for mass adoption are we ready for the next bull run like no we're never gonna be ready but we'll be more ready that's how i look at it yeah well that's the way i like to look at it is like bitcoin is ready for the amount of adoption that is, I don't want to say necessary

at any given point in time, but that it's willing to accept at any given point in time. Like 2017, perfect example. Mempool filled up. Fees went up, which will happen again in the future. But Coinbase was crashing.

OnRamps were crashing. Couldn't even facilitate trades. Coinbase is still crashing. Yes. Because, well, we'll get to that later. Brian, if you come on the pod, we will ask you about that as well. Yeah, Brian.

priorities man what are your where are your priorities well also you ask you about compound open finance liquid mining defy but yeah at that given point in time like the network and the infrastructure around it literally couldn't handle everybody that were to get onto it this time around it will be able to handle more and in the future even more people were selling binance accounts for like 100k or polo account oh i forgot about that i forgot about that now i remember in hindsight like should i should have just owned a bunch of accounts and just sold all the accounts that was like a missed opportunity there the new domain squatting yeah hmm shoulda coulda woulda

hmm yeah i mean that's another debate that's been going around i mean we talked about it last week too would you ever sell your twitter account secretly and what price uh full disclosure yes if i was like because i'm like secretly secretly yeah because i think it would be obvious that i sold it i'm not saying it would be obvious like it would people would get burned before it was obvious oh no no if that's not the yeah what price marty what's your price do you see this guy charty btc sold his account for like 2.1 2.1 billion sets that's just that's 21 bitcoin right yeah you would just sell everyone under the bus for 21 freaks i wouldn't do that to you i'm fucking with you i would never do that either i might think

about it but i wouldn't do it to you how uh no i wouldn't do it either it's illegal anyway i don't it's not illegal it just breaks the terms of service of twitter breaking the terms of service of twitter is not illegal they could sue you i mean what's like look at the at bitcoin account like things like things have been happening over there like people sell accounts all the time charty just sold his account what talk about this i did not see this or hear this am i gonna get yelled at i'm sorry the vodka like vodka marty's like why are you gonna get yelled at give me enough sats and i'll sell my twitter account i it was a good question right brian if you come on the podcast we will ask you that question as well that one just came to me it was a nice hard-hitting

question uh what did charlie do he sold his account to like some like paid group scammer how do people find out i am nomad posted about it i'm pretty sure or sicarius posted about it i actually like for someone who preaches humble stack stats like i love following trader twitter i just i do it all the time i mean that's how i got introduced to bitcoin twitter and crypto twitter let's be honest it was crypto twitter back in the day and still is the trading the trading subgenre of it is all encrypted i don't give a fuck but i love i am nomad and scare sicarius as well yeah so supposedly charty had like 10 000 followers and like they weren't very quality followers like supposedly a lot of them were bought at least that was the accusation and he

was able to sell it for like four thousand dollars so like maybe so it just got me thinking you know like i wonder what prices like people would pay for these things just to scam people i would never do it to you freaks but i'm just it's an interesting thought experiment how much would you buy matthewodell.com for from that penis i'll pay him i'll pay him a hundred thousand sets for that domain yeah that'll be that'll be expensive in the future if it's not expensive right now i would pay him nothing for that domain i don't need it i'm at odell.com that's a better one sure now uh freaks to be clear i'm not i don't plan on selling my twitter account but if anybody has a 21 bitcoin offer let me know all offers are accepted but he does

not plan on selling it oh shit i forgot the password um this is pretty big news back to uh the list uh river they uh closed that around raised 5.7 million dollars uh and the most interesting thing about this announcement was the fact that an overwhelming majority of their customers are boomers um not something i was expecting to to learn from this announcement i thought that was just a uh i think like leisman just said that in passing and and the fortune guy took it took a run with it right or did leishman actually say that the majority of their customers are boomers it has been growing 80 every month since january with 77 of that growth coming from those 55 or older wow interesting yeah that's really interesting i mean it's it's available

now what like 30 states or something like that yeah and their their intention with this seed around is to improve their product obviously as well as get the licensing to get in all 50 states well at least 49 like yeah fuck new york yeah don't bother with new york our favorite ripple board member ben losky made sure that that was prohibitively expensive for you uh fuck you oh whoa whoa while we're on that we'll get back to river we love river okay but how did g and carla fucking whatever his name is i didn't even read that but he's on the board of ripple now is giancarlo no i thought he just said it wasn't a security or is he on the board he's on the board now oh my god he's what he's supposed to be our boy right he was never trust

any boys not me not matt especially not giancarlo so he was the ex-head of the cftc Marty, how much Bitcoin would they have to pay you to be on the board of Ripple? There you go. There's another hard-hitting one. I wouldn't take that. I would do it for 21 Bitcoin. I would feel too disgusted. I would do it.

I wouldn't sell my Twitter account so you freaks get scanned by it. I would never do that. But I would join the board, and I would get kicked off the board very quickly. Have them pay me to join the board, and then I would just grandstand on the boardroom meetings, and then I would get kicked out. we're the first yeah if i got elected to the board or paid to be on the board i just be like we're the first 33 000 blocks just heckle losky you just heckle losky until they heckle losky dan katz whatever that dude's name is what's his name joel katz but that's not his real name

that's a name dan katz is big cat sorry big cat for dragging you into this if you're listening on a better note what i was going to say is our boy rod rod rowdy formally announced that he is joined river as well with this announcement very happy for our chief client officer what a boss and very excited to see what the river team does with this raise and i think having rod on staff is going to do incredible things if you've checked out the wtf happened in 1971.com site it seems like river is supporting them as well which you'll love to see because what the fuck happened in 1971 yo someone bought what the fuck happened in 2020 and i don't think it was them that's uh hey that's somebody forward thinking i'm surprised it wasn't you i tried

and i saw it was bought guilty hey how many domains have you bought in the last six months not many i've been mostly focusing on on sets i uh all my ethereum proof of stake domains are burning a hole in my pocket because they refuse to launch oh you're what i have a bunch of ethereum proof of stake domains that i've been holding on to for like five years now or four years now that are completely worthless because uh they don't have proof of stake yet well how about that did you catch uh that back and forth between phil geiger and vitalik this week i hopped in there a little bit harry suddick was in there ck was in there where vitalik didn't know the supply the future supply of ethereum he didn't know the future supply and then he tried to boldface lie

that ethereum's uh inflation rate or distribution rate has never increased that's literally a lie if you look at the chart when they extend the difficulty bombs yeah the ice age when they end the ice age it increases when they end the ice age it increases the distribution of supply the percentage of overall supply is being distributed to the network like this dude doesn't even know how the network works yeah i mean i wasn't following that no i did not follow that thread i've actually i've been trying to back i like been less on twitter recently i've noticed that i'm trying to use it more like kanye just come in and drop shit and then leave yeah you just come and drop some bombs i've actually been taking a step back as well

it's too politicized right now i like i don't like politics twitter so i well everything's bled in and it's it was legit made me depressed like the last week particularly like at times where i get like caught into it it's like there's too many weird videos out there there's too much division there's too much diversion there's not very nuanced conversations it's very vitriolic right now also nobody should like aunt jemima's isn't maple syrup like no one should like the no one should be eating that maple syrup anyway because it's not expecting it to get here because it's just shitty you know i got a fun story i got a fun story um i had a good friend in college who was on the penn state football team before the whole

came out um and uh poor guy fuck you jerry sandusky um it was his 21st birthday at arts fest which is huge event in uh at penn state in the middle of the summer uh the football team has a lift for life event there i believe too and then so after the lift for life event football players have a couple days off i believe it was my buddy's 21st birthday and i being from out of town uh was with the penn state football team when they were pretty good i'm pretty sure they were preseason nationally ranked at this point and uh just some loser from uh Philly hanging out with these guys and I was trying to impress them and one of the linebackers at the time pointed at a bottle of Aunt Jemima's maple syrup and said you won't chug that and I uh proceeded to chug

the bottle of Aunt Jemima's maple syrup and I do not recommend it to anybody and they didn't pay you any bitcoin no i went into like diabetic shot shock i shit myself for like eight hours straight we don't need to hear that so the moral of the story freaks is that you don't have to pay marty anything you know you can just get them you can get them for cheap yeah i'm pretty susceptible to uh to tricks no yeah just kidding i'll never put my seed phrase in the web browser that's mean if it's true that's me sorry i do feel for him if it if it did happen it's a bit fishy though it's super fishy gonna buy an apartment also put it into casa multisig dad's in the panama papers yeah

i don't know anyway enough on that topic um let's go to another positive thing uh kyc not dot me has launched it launched like a half an hour after the last rabbit hole recap um pretty cool site details all the different ways you can get bitcoin and monero without kyc yes the monero stands man shut the fuck up you guys like can't hold water like in any of your arguments they're coming out in full force these days matt i like team monera i think i just think they need to refine their arguments a little bit i think they're intellectually disingenuous i think they're completely wrong about asics is my obviously is my main issue but that's about it another thing on this kyc not dot me site another site where i didn't know a lot of these

exchanges existed yeah i mean a lot of these p2p things are like very localized and we talked about this last week you know you got it it's going to take a lot more due diligence and care and research when you use things like this versus you know like a publicly traded company like our sponsor cash app um and disclaimer cash app sponsor it's a privacy versus convenience trade-off um which is what we see every day in life you know i went on um i went on the pov crypto podcast uh with our boy ck and david offman uh and i i came to the realization that you know i go into the weeds a little bit about privacy like motherfucker has an alexa in his house you know like i understand it's convenient but that's the problem i have an

alexa no david does you know so it's like it's like so you talk about like tor and shit like okay well like unplug the wiretap first you know like snapchat has built-in location sharing where it tells you like a heat map where it shows like don't use snapchat you know there's like little things there's little things you could do to improve your privacy that are way above the weeds that i go into that i feel like we should talk about more you know uh like instagram don't have like a public instagram where you're posting pictures of you and your family and your loved ones and your dog private if you do have instagram but it's still not private right but yeah yeah um funny alexa story i was at my cousin's house who had alexa and i was trying to prove a point

and i just like was joking it was like alexa stop spying on us and it was like a five second break and then in amazon like we take privacy seriously so creepy so if any of you freaks have alexa out there which i don't believe you should uh ask that question you'll get the uh the amazon spiel on how they care about privacy and like when people come over to your house you should you you should warn them that you have an active wiretap so that they don't talk about the, like I, I,

I'm, I'm probably a rare weirdo that when I walk in, I like look for the Alexis and the Googles and the series, um, the home pods or whatever. Yeah. I mean, you're like,

Oh, you guys have your tinfoil hats on. And this has been proven in court that Alexa has been used, uh, without permission to pull data. And yes, we have a phone in our pocket that has a microphone in it right but these these devices are designed the the assistant devices are designed to literally always be listening that's what i've

designed i've been taking small steps to leave the house without my phone which feels great and actually actually makes me appreciate life outside more yeah and if you do take a phone like bring your graphene burner you know yeah i've been working out been getting back into the workout scene surfing like whenever i go surfing whenever i work out in the morning whether it be a run or meet up with my cousin do a circuit workout having to bring my phone it's just like nice that that piece of mind like yo i'm not being tracked right now i'm paying attention to the world around me the real trick is you like attach you should like attach your phone to your dog and just like let him go for a romp so they think you're like running

through the forest and you're just really surfing and you really freak them out why is he running through the forest that's why it's important it's important to always have a tracking device just in case like you get into shit you can send them in the wrong send it in the wrong direction just throw it in somebody's backpack there you go um now that's one thing like getting back into workouts and i really want one of those watches where you can like track your health data like fuck they're all spyware right it's all spyware it's horrible but i want it so bad i want to know that data like will that become a thing like will you be able to i know you think it's a shit coin but like urbit will you be able

to like connect to that server and store and store that data there you know we'll see we'll see i won't i'm i'm i'm in a nicer mood today i'm in a friendly mood but i i do think uh the tokens involved with urban or shit coins you know the idea is kind of cool but the actual tokens and how they were distributed early on how they're distributed now or well they're not tokens right they're they're tokens they're namespaces they're stars and universes and whatever you want to call them but they're tokens but i don't think they're i don't think they're erc20 tokens dude they're like erc721 or something tokens they're non-fungible tokens they're nfts marty anyway i think they're coming out with some more bitcoin software look

to each their own i believe everyone has the right to get wrecked uh i i believe in free markets everyone can do what they want to do i just think that every single asset including nfts on erbit are going to trend to zero in bitcoin terms long term yes whether that's a building whether that's a bar of gold whether that's xmr whether that's an nft on erbit whether that's ethereum all trending to zero long term in bitcoin alternatively you could say that bitcoin was designed to pump forever whichever of those two phrasings you prefer you can go with they both mean the same fucking thing i completely co-signed that message by the way it's been co-signed i am you don't even need a shit shit coin to co-sign it i'm fascinated by urbit by just like the

personal computing aspect of it like holding holding your own data um we'll see though we'll see though should we switch to more positive news again we keep we keep pivoting us that's not negative hey we're we're vodka loose right now we're just going with the fucking flow you're vodka loose i'm scotch loose um razarshi mitra i try i mean i did my best kind of trapped you in that one because that's the one i wanted to go with but i couldn't pronounce his name yes um razarshi i'm sorry if i am butchering your name right now but he explained his journey uh to contributing to bitcoin core he had his first uh bitcoin core merge recently unfortunately i do not have a medium account

anymore and could not sign in to read the whole thing because it's in the cryptocurrency page but um i have been following on twitter and and it was a very inspiring story at least when i read from twitter he's like i never thought i'd be able to do this but luckily people were there he went from no coding background to contributing to bitcoin core and it's about his story and i believe that you get three free reads if you're not a medium subscriber yeah i mean and it's like again like just and i i think i retweeted this on twitter when he originally announced it there it may seem daunting to contribute but if you are willing and able to put the time in to actually learn and and figure out how you can contribute there's many ways to contribute um it's possible

and people are doing it more and more by the day yeah that freak who reached out on the shout out learn to code there you go just got banned from twitter for that advice are we gonna get banned from twitter dude i'm telling you you called me crazy for saying that our youtube account is gonna get fucking delisted soon it's gonna happen i'm i i will be on twitter to the day i get banned that's the goal one day i'll just push it too far and it'll happen when you get banned you're gonna move to urbit no no one's moving to urbit it's not gonna happen i i could be you know i hope this is a for for my urbit coiners out there like i hope this is a poor take on me but i just don't see it i think it's vaporware i you i'd see i was trying

not to be mean but now i'm just mean i i want to call vaporware the uh it is software that exists i would i will admit that uh its success of being widely adopted is very low percent it's command line software right at the moment yes do you urbanize a messaging client do you talk to anybody on it no i mean i still have to like i my planet was up and running for like maybe a day in the computer i was running it on crapped out so like i need to like reboot that i need some handholding for that yeah look i also i'm bearish on mastodon i don't think mastodon's gonna happen um i think the next evolution of social media we don't we can't really fathom it yet it'll be like a black swan like oh i mean did you see tiktok coming no but god it scares the fuck out of me that cursed

app did you did you see the story that came out this week that like people are uh garnering millions of followers by sucking out to the ccp being like china um i know some communist parties like the sympathizers i have a close friend who's like a tiktok influencer now he went from like 10k followers to like 110 000 in a week two weeks what's this what's your shtick i don't want i i i dox him and myself if i tell you what the shtick is but it is not bitcoin related at all do you call him out for it i will send it to you privately uh do it what do i call him out for it it's great he's fucking you know all the power to him i'm trying to get him to pivot into bitcoin stuff now that he's got them on the hook oh man i don't know tiktok makes people

do weird things man yeah tiktok's a weird weird weird weird app but i don't know maybe am i just being like a boomer about it you know yeah no exactly that's what she's about to say we're just some fucking geriatric millennials do you see that right on twitter about how they're just hating on millennials in tech talk yes yes how good is that threat it was such a good threat hey you know what i've been afraid of you guys for for quite a while now but you know what gen z fuck you all right i i love my i love my bitcoin zoomers uh nick can't mine right nick can't mine's my intern i love you brother there you go um look everything he was my intern he's he's now a bitcoin magazine everything that they said in those threads is completely true

and i don't like those millennials either so oh neither do i yes the i would actually yeah i would argue we're not those those millennials they basically called people out for being wanderlust and not taking responsibility and blah blah i'm not gonna paraphrase because i can't do justice they fucking burned they were good fucking lines i don't know it was catchy it's i saw the uh bob's burgers meme did you see that one yet no the daughter and bob's burgers we're just like the millennial the the cuck millennial just uh complaining like we should change this and then like the chad gen z just burning everything down like fuck the cops anyway tiktok is spyware if it's on your phone that's the first step to reclaiming your privacy

is uninstall it also twitter is spyware as well but just not to the same extent you should probably uninstall that too use the web app yeah speaking of which uh twitter asked me to do a survey earlier to speak about their dms and it's like wow they basically admitted that they can see your dms yeah of course they can it's not encrypted it's not intended encrypted that's one of the things i this is a great fucking segue uh first of all twitter has could have the number one chat platform if they just made their dms decent at all and i say this as a heavy twitter user and a twitter shareholder i don't know what the fuck they're thinking so like first off before we even get to encryption like they should be

searchable to some extent right i like lose dms all the time it's fucking ridiculous like you can't you can only search by name you can't search by the contents of the message that is fucking ridiculous the second thing is if you delete a message on your side it should delete on the other person's side and the third thing and arguably the most important thing is it should be end-to-end encrypted i understand it will be closed source that is not ideal it is still at least a better promise than the current implementation which is just completely readable and searchable by twitter um and that's where this pivot comes in it's amazing to me how much shit zoom got for not being end-to-end encrypted and it was because no one trusted them

as a platform it like it opened people's eyes like if you don't trust a company then you need end-to-end encryption to so you don't have to trust them and that's how we should be with all these companies you shouldn't trust facebook you shouldn't trust twitter you shouldn't trust tick tock and you shouldn't trust zoom like all of it should be end-to-end encrypted so originally zoom announced that they were just gonna end-to-end encrypt paid subscribers and now they're gonna end-to-end encrypt everyone as long as you do a light kyc you have to do like a phone number verification but that's good to see i want to see that become a standard yeah dude the the survey i filled out it's just like hey i've been using twitter a while let's see what the search it was

like holy shit like you're basically admitting that you're reading my dms yeah everyone knows that that's what they're doing that's why like i post my pgp key if you're gonna message me use the pgp if it's sensitive or go to keybase which is home by zoom now but it is open source and encrypted um it was a slick disclaimer or telegram which i could at least search through the messages uh and they have the secret chat which supposedly encrypted end-to-end but is questionable you can use pgp in any of those methods uh i have my wire posted no one uses wire that's supposed to be encrypted i want all of this to at least supposed to be end-to-end encrypted even if it's closed source the goal should be end-to-end encryption um that should be the standard that's what i'm

saying is so weird right because uh google meet isn't end-to-end encrypted their video chat isn't end-to-end encrypted skype used to be peer-to-peer not necessarily encrypted i don't think but it was peer-to-peer at least and then they switched it to a server model so that all their calls would automatically go through their servers so they can log everything um fucking what's the other one that's uh what all the video chats facebook none of them are end-to-end encrypted except for signal facetime's voip isn't it oh facetime is end-to-end encrypted but it's for it's all everything apple does is end-to-end encrypted but proprietary you know like iMessage and and facetime uh but like it's closed source so you know you have to trust them you can't verify the

code no even if you can't recode no one else can verify the code you have no idea what's running there but it's still better than nothing better than just being like no fuck you we're just gonna be able to see everything and you have to trust us yeah it is weird man download juggernaut start start dming via the lightning network that's n10 decrypted and that's open source yeah it costs more than signal well it evens out at the end of the day though i thought you have to pay a sat per message yeah but you also receive a sat per message too right what if you're a big talker and not a big receiver yeah that's on you you got to become more brief with your message.

We've still got a couple more topics. We're an hour and a half in. I'm loving this rip. Should we just keep it on open source software at this point? Sure. But we already kind of riffed on it, to be honest. Yeah, I mean, open source software is

the future. Why is it important, Marty? So you can verify. And if you can't verify, At least someone else can verify. Yes. Because if it's closed source, you have no idea what the fuck is going on.

Right? And now there's some nuance here. The hard O's will say that it's not open source unless it's free open source software, which means that the license allows you to fork it and use it as you will. So this would be like MITQT, correct? Right.

Something like Bitcoin Core. Yes. Or Electrum. then you have just the code is open so everyone can verify it and they can build from source they can take the source code and they can make the app themselves that's just open source it's not free open source usually what it says is you can do what you want with it but not for commercial purposes you can't use it to make money off of and then there's some nuance here if if it's a mobile app and it goes through the google play store or the apple store

there's no way to verify that the app you get is the same source code that is released open the way to get around that is on android at least you can release an apk which is basically an application file independent of an app store that you download through the browser to deliver your open source app or you can put it in an open source app store

like FDroid and the whole reason for that would be to reproduce the builds and prove it for yourself verify and to know what the fuck is going on to be able to know what the hell is going on with

whatever you're using so if an app shows you a bitcoin address how do you know that that how it's serving that that address how do you know that address is the correct address yes by the code being open someone can verify that you might not be able to verify that but someone can verify by that and and being reproducible is important because then that person can be like these things match up you can verify that they match up and even if you don't look through the code you know i look through the code and they're the same thing but like i said you can build from source which is a little bit more difficult but a bare minimum of what you should have if you want to be able to verify right what do you mean like that should be the bare minimum

is being able to build from source so that you can verify and even if you can't do it somebody like your uncle jim can do it and be like all right yeah exactly yeah exactly or like the uncle jims around the world can all look at the source right when when brave decided to start auto adding ref links to their fucking things what happened like they call them out but people saw it in the source there was a line you could point to in the source to to show where it was happening where it was everyone verifying the app they downloaded some people probably downloaded brave through like the apple like apple has like a store for their computers now like some people probably downloaded through that some people downloaded on mobile through google play or

apple app store they were in checking but then they saw on twitter that that it was doing that right because someone else was checking it's like a bare minimum type of thing and it's also a social contract type of thing like you see how things are working behind the hood yeah i mean it should be again the bare minimum and hopefully i think the trend is moving that way back in my day back in my day you were dead in the water if you released a bitcoin wallet that was closed source it was just never gonna happen but times are changing look there's different trade-offs as we said for some people ledger

can be a useful product okay it's important to make those trade-offs absolutely clear and ledger does a damn fine good job of doing that they're like we are the hardware wallet that is approved by the french intelligence agency and we are a closed source and that's one of the reasons why we haven't gotten hacked um and they fucking own it they just say like that's what's going on you know they're like we can't release the the secure element it's under nda it is what it is that's what's gonna happen um and you have to own it you have to like make the trade-offs clear as long as you make the trade-offs clear then i have no problem with it can have an honest conversation about it yeah exactly beware freaks beware i mean and that's well to me at least

like that's why i'm drawn to the cold card that's why i'm drawn to electrum uh electrum for me was like the go-to for like when i first got in to bitcoin and started securing my keys and it was because it was open source do you believe that because those open source products are out there that the market will naturally coalesce around them or do you think ux will win out at the end of the day well it's funny right so you know linux versus apple is probably linux versus windows and apple is probably the perfect example right because linux runs the majority of backends everywhere but when it comes to consumer devices you tend to see people choose the closed source option yeah right like the website

you're hitting is probably using linux uh the atm actually might be using windows i they i don't know some weird things happen there but a linux happens a lot behind the scenes right um all android phones are using linux with with closed source elements on top well isn't linux getting getting sent out all these new windows devices didn't windows capitulate they have like an they like allow you to like there's like an emulation virtual machine thing i don't know i haven't used a windows computer in a while i just i have a guy who i send anyone who dms me a windows question i just send them i'm not gonna put him on the spot on this he is on bitcoin twitter he should stop using windows you know who you are but he knows what he's doing on windows so i send

everyone i said it's not eric i said i send everyone to him um because i just haven't used in a while i think as we were talking about earlier um about these small little steps you can take before we go into the weeds of things uh like getting windows out of your life it's like a very good step like that is just spyware at this point they've just built spyware in at the os level um don't use that shit don't use that shit and at the bare minimum you want to be able to trust like to trust bitcoin these open source software projects these free and open source software projects including bitcoin core have to exist and they cannot be controlled by any third party and one of our favorite topics on this podcast is the growing centralization of proof

of stake protocols in the future due to the natural incentives that will exist by exchanges offering better interest rates on staked coins uh that are held on their platforms and this week we had a huge not a huge announcement nothing that comes out of here massive announcement it's laughable uh consensus is partnering with binance and huobi to help stake ethereum uh two of the most shady exchanges in the world uh or partner up with one of the you think this is one of the most shady exchanges in the world fuck yeah dude do you think binance is less shady okay coin do you think binance is less shady than coinbase

more shady no i put them on the same i would put them on the same uh who's shady i think coinbase is shadier brian aren't strong if you come on the podcast these are the types of questions people ask you yeah but i mean binance is up front like hey he owns it right that's what i'm talking about make the trade-offs clear he owns it cz can go fuck himself as well but he owns it right to the justin he's like the justin tron of he mostly owns it he's like he's disingenuous about bnb and binance chain and shit but he mostly owns it yeah uh and also there's just a lot of shady exchanges out there like wobi is pretty fucking shady okay coin is you know it's like pretty shady okay coins getting like less shader it's me now that they're contributing to bitcoin

core development but maybe that's like them trying to like rub off the mob or something like that cz buying coin market cap was pretty shady like he's like using it to shill his shit obviously yeah binance is somehow the best ranked exchange on coin market but like if i go to don't go on coinmarketcap i haven't been on coinmarketcap in years okay i'm going now just to tell you how many shady exchanges there are that we've just never even heard of and like i feel bad if i'm like throwing them under the bus you know like kucoin buybox gate.io zb.com corbett paribu i don't know our storm gain btc turk pro coin dcx bit true luno gopax coin x xmo vcc exchange like to say something's the most sketchy exchange is like i don't know it's a pretty high bar a couple of them

i've heard i think are pretty localized and regions that we're not familiar with how about alter dice what is your opinion on alter dice as an exchange don't have one first time i've heard it uh what about coin tiger don't have bit panda pro i've heard a bit how about this one talk like russia talk ok talk okay bitcub stex ocean x hey this podcast is global now if any of you freaks if any of these exchanges are your local exchanges where yeah i apologize if any of those exchanges are good exchanges i apologize i don't i was just dropping names but uh yeah anyway the point is is that proof of stake inherently centralizes among custodians and high net worth individuals and organizations that hold a shit

ton of ethereum um and we're going to see this play out we're already seeing it play out with other chains that have proof of stake already um and clearly this shows that consensus who is a mainstay in bitcoin in ethereum development um led by joe lubin who himself owns a shit ton of ethereum also believes that this is the case and it's a feature not a bug to them they want to have that control and be able to dilute everyone else right yeah you only have the link to the coindesk article you have to also link to your thread which has been following this for more than two years now at this point yeah i mean it's the natural incentives of the system make it such that custodians are going to accumulate most of the staked ethereum and to

think that consensus isn't going to try to imbue their will on the protocol once that has happened especially if they're helping out binance and hobie and they are their staking advisors like wake the fuck i mean if anybody's listening to this is an ethbull which i doubt many of you are but if you are like these incentives don't make any sense and then will they even ever get this proof of stake like i'm not at all confident in that like i don't think at all apparently july is supposed to be a huge major checkpoint milestone where they begin phase zero whatever it's fucking called one of my biggest fears is that like i just i used to be a big fear was that i like just don't shut up enough and then they realize like proof of stake's a horrible idea

and they just stick with proof of work and they start prioritizing asics but i've come to the conclusion that this is all by design that this is exactly what they want right their incentives are already broken to the point where they want it dude the ethereum.org blog came out and admitted that they're chain states like three terabytes terabytes terabytes three terabytes at this point i uh yeah i i just it's amazing to me that so many people in this space still think that proof of work is the problem that needs to be solved when i was it is the solution like distributed proof of work is the fucking amazing solution that happened right like that is that's the innovation like the innovation was never blockchain it was fucking proof of work

that could be verified work with the difficulty adjustment proof of work existed with hashcash and the difficulty adjustment is the magic ingredient that really is like oh shit the shit is big and i actually earlier this week got into a very cordial conversation with the developer is working on eth 2.0 and yeah they just don't see this shit dude they don't anyway i mean and then yeah that's what i'm sorry i interrupted all right you interrupted last week i interrupted this week no did you interrupt me i'm my first of all this is a long i i hate ud's tron thing where he goes on and on about tron um but like he's on to something right like why why use ethereum it's purely when there's all these other shits are are available already

you know yeah i mean i will say this pretty confidently and i will eat crow if i am wrong in the future, but I do not think Ethereum will ever successfully transition to proof of stake. Are you going to cook the crow first or raw? I'm going to raw talk that bitch. No, you should cook it. You should probably cook it first.

It's probably not healthy to just eat it raw. Speaking of crows, not that any crows were in this documentary. Watched a really good documentary on Hulu last night, Little Big Farm. Really interesting if you're thinking about... Is it conspiracy related? No. What? No.

it's about uh building a an ecosystem via a farm that is sort of just uh it's a flywheel that just sort of upgrades itself and little big farm may be the wrong title but it was on hulu about this couple that decided to buy a farm because their dog uh was cooped up in their apartment in la and within seven years they had just like a self-sustaining ecosystem on this farm check it out it's pretty funny where our heads go because yours went to that documentary mine went to mcafee's dick bet like dude's never gonna he's not gonna eat his own dick right like that yeah you owe us a sausage video mcafee what is that 20 000 by the end of the year no it's like a million by the end of 2020 we could still do it there's a tracker somewhere

there's like a website that checks it i think yeah no because it passed already it's 2019 i oh he already lost yeah he definitely wow who would have thought that mcafee didn't stand up to his word i am i am so disappointed yo dude he's an old fucking og man show some respect bro show some goddamn respect john mcafee's out there on a fucking boat shilling any shit coin that pays enough and you're here talking shit about a dick eating bet who are you mr odell who are you you can say the same about you marty say the same about you i'm just some loser with a microphone so we're like almost two hours in do you have do we have anything else to talk about here uh threw it at the end of the list just because i think it's important to note uh capitalism in

the u.s is nothing more than an idea at this point the fed announced this week that they're officially buying uh corporate bonds directly they're not even buying uh they have been buying et corporate bond etfs and powell came out this week and said uh they're going to be buying the bonds that underlie those etfs directly and then on top of that he said he sees no end in sight to their asset purchases so i just wanted to make the point while we have this episode up for the people that listen to this podcast but don't read the bent that we do not live in a capitalistic society anymore we live in a society built on corporate communism and there's a very slippery slope because as we can see the tensions in america are high right now people are looking

at uh powers that be and saying you know fuck you fuck you fuck you at one point it's going to get to at some point it's going to get to the point where people look at the fed and like hey you're giving these bailouts all these corporations fuck you i want it too so it's going to transition from corporate communism to full-blown communism at some point just naturally by the way things are going beware corporate communism it's legit

corporate communism they're like buying and redistributing money for companies that should be failed so is Portnoy right though that stocks are going to go up forever I mean they'll go up well

very interesting point yes they may go up forever but guess where else they went up forever venezuela argentina zimbabwe the stock markets rallied far higher than anybody expected right before their hyperinflationary crisis all i can say is that the fed is going to buy assets they should buy bitcoin it's the most prudent decision no leave them out leave them out you know what fuck them you can buy yo buy as much libra as you get your hands on jerry get all the libra you can get you know what buy all the ether you can get the fed should become a staking entity within the ethereum yeah i agree you got you got me on that one um yeah that was a good rip dude we're almost two hours in rodolfo's uh on twitter right now wondering where the fuck rhr is is he well you're

checking notice bro yeah i uh we're at that part of the episode i make a point not to check notice yeah well this week this week i did at least usually i have i have my phone on silent which is always a good thing and when we're in person i don't check shit i can't wait to learn in person again but when i'm i get distracted when we're when we're doing i have i have zoom fatigue i do as well we're gonna do a stimulus package monday on the 29th let's make it happen yeah i'm going to the woods i'm gonna be in the woods for i'm not gonna disclose where but i'm gonna be in the woods for the next week and a half well enjoy the woods um i should have internet we'll make it work i'll we'll definitely have a rabbit hole next week yeah we'll definitely figure

how many weeks in a row of rabbit hole recap have we had so far go back to we've never skipped a week go back to september 2018 no we skipped one week remember and we felt horrible about it yeah i do it was like christmas break here we like apologized we apologized to the freaks and it never fucking happened again fucking dedication stay home i think it's been tickets been well over a year um yeah and adding the stimulus packages into that yeah many consecutive episodes yeah i intentionally set up my woods for tomorrow leave tomorrow because i thought we were recording live today that's that's the dedication but yes i'm looking forward to that it'll be now i feel terrible that's on me no don't don't feel bad um just

like to make this better Rodolfo should release the next version of the cold card already I'm waiting for it fucking make it happen Rodolfo it's been a fun rip I can't wait until we see each other in person travel safe to the woods that you're traveling to and

looking forward to next week I'm sure there will be a bunch of shit that happens between now and then stay humble stacks at shill lightly peace oh i like the show lightly at the end of that piece of love freaks