The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Bitcoin Devs PANICKED Over v30 Bug | Hackers Target Crypto Rich | Saylor vs Knowles | The CBP 247 Pt 1
Episode Date: January 13, 2026This week in Bitcoin and global current events:SAYLOR VS KNOWLESWhat Bitcoin Did Got HOT When Saylor Couldn't Handle a Basic Question - Is Saylor Cooked? 🚨 BITCOIN CORE BUG 🚨v30/v30.1 delete... wallet files during migration. Devs pulled binaries—wait for v30.2.📖 https://protos.com/bitcoin-core-pulls...💾 LEDGER HACKED AGAINMillions exposed via Global-e. Phishing attacks underway NOW.📖 https://www.theregister.com/2026/01/0...📈 MSCI REVERSES CRYPTO-EXCLUSIONSaves MicroStrategy & 190+ firms from $10-15B forced selling.📖 https://finance.yahoo.com/news/msci-b...🇸🇻 EL SALVADOR'S BITCOIN MONUMENT"Welcome to Bitcoin Country" installed at largest airport. 7,500+ BTC on books.📖 https://bitcointalk.org/index.php?top...⚖️ SOUTH KOREA SEIZURE RULINGSupreme Court: Bitcoin on exchanges can be seized. Affects 16M+ Korean users.📖 https://finance.yahoo.com/news/bitcoi...🌐 IRAN BLACKOUT—BITCOIN SURVIVESInternet down during protests. Starlink & satellite networks keep crypto flowing.📖 https://finance.yahoo.com/news/iran-i...💬 RUMBLE WALLET LAUNCHESTether partnership for 80M+ users. Bitcoin, USDT, self-custody payments.📖 https://corp.rumble.com/blog/rumble-a...📱 BITCHAT DOMINATES UGANDA400K+ downloads. Bluetooth mesh survives government blackouts.📖 https://gizmodo.com/jack-dorseys-bitc...🔥 SUPERHEAT BITCOIN WATER HEATER$2,000 unit generates $1K/year mining income. Offset 80% heating costs.📖 https://www.tomshardware.com/tech-ind...💀 CANADA'S MAiD SCANDAL26-year-old approved for assisted death with depression—violates eligibility rules.📖 https://www.junonews.com/p/mother-say...🇫🇷 FRANCE'S CRYPTO KIDNAPPING EPIDEMICExecutives tortured, families kidnapped. Government agents selling taxpayer data to gangs.📖 https://www.theguardian.com/technolog...💰 MANITOBA DEFICIT DOUBLES$1.6B vs $794M forecast. Wildfire recovery & water-flow losses.📖 https://www.cbc.ca/news/canada/manito...💊 BC ENDS DECRIMINALIZATIONPilot ends Jan 31. Premier says "didn't work."📖 https://globalnews.ca/news/11601344/b...📊 TRUMP'S $200B MORTGAGE BONDS$200B purchases + 10% credit card rate cap. Banks panicking.📖 https://www.nytimes.com/2026/01/08/bu...Discord: / discord CBP Media Network: www.twitter.com/CBPMediaNetworkSponsored by:easyDNS - https://easydns.com EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. With DomainSure and EasyMail, you'll sleep soundly knowing your domain, email and information are private and protected. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - https://mission.bullbitcoin.com/cbp The CBP recommends Bull Bitcoin for all your BTC needs. There's never been a quicker, simpler, way to acquire Bitcoin. Use the link above for 25% off fees FOR LIFE, and start stacking today.256Heat - https://256heat.com/ GET PAID TO HEAT YOUR HOUSE with 256 Heat. Whether you're heating your home, garage, office or rental, use a 256Heat unit and get paid MORE BITCOIN than it costs to run the unit. Book a call with a hashrate heating consultant today.
Transcript
Discussion (0)
It's like a threat. And one of the things that can't be attacked is your self-custody Bitcoin.
And one of the things that can be attacked is the ETF. Can't be exposed to that. That's my view.
It's not a good idea. And by the way, that'll hit MSTR too. It'll probably hit other stuff as well.
Friends and enemies. Welcome back. Canadian Bitcoiners podcast.
Friends and enemies, welcome to the CBP. Want to be better informed. Listen to Levin Joe E.
Spots is taking care off right off the top. Oh, Bitcoin and Easy DNS, the media is feeding a slop.
Doesn't matter what topics discussed.
Quality entertainment and information you can trust.
That's being planned or at least discussed.
You know, we're not going to allow.
Quality entertainment and information you can trust.
Send the guys some value.
Boost them with some stats.
Bitcoin is a scarcity.
I mean, it's just a fact.
Geopolitical national down to the local cloud.
Friends and enemies, welcome back to the Canadian Bitcoiners podcast.
Tonight we have a great show for you.
Glenn and I, we're going to be talking about Bitcoin Core.
We're going to be talking about Ledger League.
because we're going to be talking about,
I think we should be talking about Danny Knowles
versus Michael Saylor today,
which released and worked up a lot of people on Bitcoin,
Twitter, myself included.
We're going to talk about El Salvador,
pretending they're still into Bitcoin,
among other things.
And, of course,
get into some notable Canadian news as well.
But, Lynn, first is always,
let's talk about how you're doing.
What's going on over there?
How the heck are you?
Cold.
How are you?
Same.
Although my heater is keeping me warm here,
my hash heater.
So,
not too nice today. I took my doggo for a walk at the end of my workday around 4 o'clock
and I kind of just wore my light jacket thinking, I'll work up a bit of a sweat while I'm going
anyways. Did not work up a sweat. Did not have the right jacket on. And so I was cold
until like, I swear like 20 minutes ago when I came down here to to refresh on some of the
notes I had for the show. But that's okay. No problem. It's winter. We're doing okay over here
in Canada. Why don't we start with the sponsors? Then we'll get into some housekeeping and some other
stuff. First, of course, easy DNS. Len, they don't call it hard DNS. It's not called hard DNS. It's not called
difficult to deal with DNS. It's not called, why did I call this guy DNS? It's called easy DNS, because it's easy.
Mark will take care of you if you have registrar needs. He is the guy in the know when it comes to domain registrar.
Okay. Domain registrar is not only that, but he's got a lot of other stuff going on to.
Easy mail, domain sure. Protect your data, but also your clients.
data, your mailing list data, don't be Instagram, don't be Spotify, don't be any of these
companies that are getting pinched and clipped and hacked and all sorts of other things
for data.
Not to mention Len, if you're a Bitcoin or virtual private server options for you.
You want to run a Bitcoin node, do it there.
You want to run a Noster relay, do it there.
You can get verified on Noster, whatever that means these days with Mark.
Go there.
Use our promo code CBP Media.
Start a website, buy a domain.
Hort them.
Hort them.
50% off your first round of buys, you can't beat that.
Why wouldn't you go and buy
Autistic Barbie Collection.com after today?
I think we'll probably talk about that in notable news.
I don't know.
Anyway, easy DNS.
Go there and tell them we sent you.
Who's the other sponsor?
I like bull Bitcoin because they could buy Bitcoin over there.
You could sell Bitcoin over there.
91,000.
I'm not sure.
Which category you are in, a buyer to sell.
But either way, they have you covered.
You could do it lightning.
You could do it on-chain.
On-chain fees are still.
very cheap
what it should be in the future.
So I would suggest
continually do your on buys
for the time being,
but don't discount.
The other one.
Nothing.
They're going to be like that in the future.
I don't know if they will or not.
It can guarantee nothing
aside from death and taxes.
Other than that, right?
But I assume that the price is going to go up
and the fees are going to go up as well.
So you might want to start learning how to use lightning.
But not only that,
not only could you do those buys and sales.
Like I said,
you could do the recurring buys.
you could do auto buys, limit orders.
You could pay people in e-transfer by sending Bitcoin.
So if you owe somebody some cash, you can have Bull Bitcoin facilitate that.
You send Bull Bitcoin your Bitcoin, and then they will e-transfer your bud with Canadian dollars.
You could pay your bills with Bitcoin.
So that's other things you could do.
Check them out there.
Best in the game, non-custodal.
This is what you want in the exchange.
You don't want them to hold on to your Bitcoin.
When you do the buy, you have to provide an address.
may not have to be a right address,
but you have to provide a Bitcoin address,
they won't facilitate that buy without that address.
Check them out.
Use our sign up code below by doing that.
All your buys and sales for the remainder of your life will be cheaper.
Might as well do that.
Yeah.
Well, where do you want to start?
Wherever you want.
I'm flexible today.
I'm just defending.
I'm in defense mode.
Why don't we do boost first?
And then we'll go from there.
So,
boost,
we only have a couple.
I think we have an issue with our fountain.
And I haven't got around to fixing it.
It's been very busy.
Sold a car,
Joey.
I'm not sure if you're aware.
Your old car?
No,
my old car is,
it was sellable.
My wife's old car.
So she bought it.
So,
yeah.
And so it's been very busy between that and their sister being sick.
And everything else.
It's been very challenging.
But that's why I haven't got around to fixing the fountain.
And either way, I got two boosts, Mo, BTC, Dick, 500 sats.
And he says, this is more for you, Joey.
Can't wait to hear your guys' thoughts on the latest.
What Bitcoin did Sailor interview?
Yeah, man.
Holy fuck.
Exactly.
He did exact.
I didn't hear it.
I heard one review of it.
And it's like exactly what you say.
He goes in.
That's it.
That's it.
Right.
That's it.
Yeah.
But maybe you have some thoughts in there.
We want to tell me what we'll talk about it.
We'll do the rest of the boost.
We'll talk.
Maybe we'll lead with that just for the sake of leading for it.
And we got Jamie.
I don't think it's high, man.
I think it's Jamie.
A thousand sats and cents and cents and you, sir.
Happy New Year.
And a happy new year to you too.
That's it.
That's the only two I have.
Short and sweet.
Short and sweet.
Yeah.
Okay.
So we have no interview this week.
No interview next week.
I was going to do Canadian Dominion Society.
But, you know, I will tell them this as well.
Reviewing some of their tweets and whatnot.
I think that's flying a little too close to the sun for me.
Some stuff I disagree with there on a personal level.
And, well, I do agree that we've kind of let immigration get away from us.
It doesn't mean you can just say certain things.
And without getting into details, I mean, you guys can guess what some of those things might be.
I'm not going to do that interview and I'll let them know that.
But I do want to put some other ones in the hopper for the next few weeks anyway.
and we'll let you guys know when we schedule those.
But keep an eye out.
We have not forgotten about interview shows.
We're going to obviously get back to them.
But Len and I both busy, as he mentioned,
I have my little one now getting into activities.
So get another.
I have an interview schedule for February 4th.
Tentatively, it's going to be Mr. Arnome coming on.
He's been on a show a few times and he wants to come on once again to basically vent.
That's the way I get it.
I want to hear him vet.
So I'm looking forward to that.
I hope you too as well.
Yeah, he's a good guess.
He's a good guess.
I like when he comes on.
Because him and I disagree on a lot of stuff, which is fun.
And we've shared airtime on this program before.
He's a good guy.
Honest actor, like I always say, is what we're looking for.
And he definitely fits that bill.
Okay, let's talk about Sailor and Knowles here.
I don't listen to what Bitcoin did anymore.
I'll say this.
I don't find Danny to be a particularly good interviewer.
Maybe he's still cutting his teeth in that regard.
and I think this episode is a great example of that
because your review line is somewhat accurate
but it's missing some key details
and the key detail I'm gonna mess this up
I'd prefer if I'd actually listen to it again
the last like hour but I didn't.
Knowles basically starts the interview
with a question to sailor that I view is like wildly
almost irresponsibly inert
for getting a guy like sailor to come on
your show. The question was, basically, with a lot of these, you know, treasury companies trading
below MNAV, trading below one MNAV, is it fair to say that the market doesn't have the capacity
to absorb all these different pure play treasury companies? And if not, then, you know,
what's going to happen to some of these guys? They're getting crushed, basically, is what he was
saying. Sailor dragged him through the fucking mud for 45 minutes on that question, said he was
offensive, said he was insulted, said he was a moron, said he was wasting his time. Yeah,
brutal. And, you know, we have a sailor chap, boomers in that I had some discreements with a
couple of our buddies on today. And, you know, I'm not the only person who had these views.
Sailor, like I've said many times, man, Sailor is not, he is not an agile speaker. He comes in
with a, you know, a set of talking points that he wants to get across with a set of names.
narrative bits that he wants to, you know, put into the ether, whether it's on CNBC or on
what Bitcoin did or with Preston Pish or with Natalie Brunel, whoever.
And he ripped Danny.
He really put Danny on his heels, even though I thought that was a good question.
And Sailor's saying stuff like, you know, why aren't you asking about the companies that
aren't buying Bitcoin as opposed to put focusing your energy on the ones that are buying Bitcoin?
And I just like, like Gandalf put it well in one of the replies to one of the threads I looked at.
He's asking that question because you're the godfather of the treasury strategy.
It's a Bitcoin podcast and he's got you for an interview.
Like what do you want him to ask you?
How's it going?
How do you like in the weather?
Like what?
I don't know.
It's a rhetorical question, right?
Because what does he want him to ask?
Maybe not.
Joey, you don't know for certain because I'm going to say this.
Do you know guaranteed that he's asking?
for questions beforehand.
I don't.
No, he's not asking for questions beforehand, but I know.
Is he?
Wait, you do know or you don't know?
Like you're saying no definitively?
And you know, and everyone else knows that what Saylor wants to do is take question A and just
drag you over to the answer he wants to give, right?
I guess what he's famously, yeah, he, he's been doing that in 4K for five years.
But does he, does he, does he.
No, he doesn't.
He definitely doesn't.
See, I don't know.
And I'm going to say if he asked for it and that question wasn't part of it, I could kind of understand his beef.
I don't totally agree with it.
But I can kind of understand where he's coming from.
But if there was no questions that were asked prehand, then he clearly, there is no beef whatsoever.
Yeah, okay, fair enough.
But I, yeah, I was really disappointed with, I was disappointed with Sailor, though that is his MO at this point.
I think if you're ignoring that, then you're either over exposed to MSTR and the other equities or you're just fanning a little bit too hard.
And I was just pointed with Knowles because I really thought he had him on his heels a bit and it would have been nice to see Danny, you know, go from Charmander to Charmielion a little bit during that interview when he had the chance.
Instead, he crossed his legs, sat backwards in his chair and let Saylor absolutely steamroll him.
call him names, call him stupid,
saves wasting time.
Very unprofessional, to say the least.
It's petty.
For a guy that's spearhead or was spearheading.
Yeah.
A multi-billion dollar company.
Now he owns a fuckload of assets for that.
So he's got a lot of control.
To do that, come out in public and do that.
That looks fucking Bush.
It was nasty.
Yeah, it was nasty.
I totally agree.
I would like to hear Danny talk about that a little bit.
He won't because these guys need access.
and if you talk about that kind of thing
after the fact without Saylor being there to defend himself,
then that's it.
I see Boomer in your chat and saying he didn't call him a moron.
He didn't use the word moron,
but he did say it was a dumb question, basically.
There was a couple of different words he was using in there
that are slipping my mind now,
and I don't want to misquote him.
But the implication was that he was calling him stupid.
And yeah, I think that's unprofessional, unfair.
And by the way, by the way, this is a guy
who has never had to play defense, Mike Saylor.
And the only times I said this, I've said this a bunch on this show, okay?
But we get new listeners every week and so I'll say it again.
Anytime Michael Saylor has not been able to go on a one hour monologue, he looks stupid.
Texas Bitcoin mining thing, the Bitcoin mining committee or whatever on Marty's show years ago, look stupid.
That was the first strike.
He went dark for a while after that.
Now he only goes on a few shows, okay?
He only goes on a few television programs as well.
He avoids actively guys like Schiff who honestly like, I don't know if Schiff is right or wrong about MSTR strategy.
I don't know if MSTR strategy is going to last long term.
I think their treasury and balance sheet or whatever is pretty safe, given that Bitcoin is probably not going anywhere.
But, you know, if you keep ducking the best opponents and calling yourself the heavyweight champ, eventually you're going to hit Clubber Lang, right?
And once you get into the ring with someone like that, there's not going to be like Mick and Apollo are not going to train you.
You're going to fall out of favor.
And I look at the stock price of MSTR.
I look at the quote unquote success that his company is lacking these days compared to like two years ago.
And I see a guy who like I said this in the chat too.
Boomer will vouch for this.
I think he thinks he's lost a bit of his luster.
and I think we think he's lost a bit of his luster in Bitcoin.
The market certainly does.
The market certainly thinks he's lost in Luster.
S&P Q's trading at all-time highs.
He can't get off of the lows.
Bitcoin, you know, rebounding to 90, $92,000, whatever it was the last couple of days,
he can't get off the lows.
Now, I might end up being wrong about the, you know, the bit about the, you know, the end up,
the end price of MSTR.
Like, if Bitcoin goes to 150K, like, is MSTR going to go to 450 again?
Maybe.
I don't know.
I just don't think that at this point, anyone can point to Saylor and say he's been great
for MSTR or for Bitcoin over the last like seven, eight months.
And someone in the other chat today was saying like, yeah, he's buying a bunch of Bitcoin.
So what?
If buying Bitcoin's all it takes to be good, then the ETFs are better than Michael, Michael Saylor
anyway.
Sailor is actually costing us if we're talking about money into Bitcoin as being a positive.
And MSTR being that positive because people are buying that instead of buying the ETS and taking away from that tranche.
Like this whole thing doesn't, it's not, it's not good is where I will leave this.
Danny fucked up because if he in the middle of all that, he just went, sorry, give me a second,
and went to one of those ledger advertisements and then took a break.
He didn't go to ledger.
He did go to an ad though pretty early on.
He should have did that a little more.
But the ledger one would have really been enough to take people's off their game.
and then he can reset and come back with a new question.
That has been pre-approved by the sailor team and he'll be able to run.
Maybe that's it.
You were saying that he's steamrolled a whole bunch of people.
And every time he goes off script, he seems to be like he's lost.
Yeah, he just looks out of prepared.
Maybe that's essentially, that's the whole thing.
I can't guarantee this to be the case.
But it seems like he's been given a set of questions beforehand.
He looks at them or his team looks at them and then sends it to him.
And he preps for those.
knowing what they're going to be beforehand and is able to run from there.
Once you go off that script, it changes everything.
And for him to speak on his feet, maybe more of a challenge, especially if he wasn't prepared for that type of.
One other thing I'll note is that I think that MSTR also realizes he's falling out of favor.
Because Fong Lee is doing more and more media now in the Bitcoin space.
And so that tells me that they think there's someone who can carry the water a little better than Sailor or they need to switch up the
flavor a little bit from time to time because people are souring on on the sailor monologues.
Did you say anything about the MSCI announcement?
No, he didn't, but I brought that up to our chat too.
Like, you know, this guy, because he's playing.
Not your question.
Why didn't he bring it up?
I don't know.
I don't know.
I mean, he doesn't have to.
He publicly had to go on defense against it, right?
His product is so good that he requires the MSCI listening to stay relevant.
Is that the takeaway?
I don't know.
Again, like, I'm just going to point out the obvious here.
That I'm very much going on the vibe that I get from him and from the company and from the calm strategy.
And you may say, well, what good is the vibe?
And I would say to you that I think the vibe, if you can read it, tells you a lot about what's going on behind the scenes.
I've never seen him that defensive, that jumpy, showing teeth like that to Noles of all people, a guy he is familiar with.
I don't know.
I'm disappointed, man, because I'm so heavily invested in this, right?
to hear this.
It's fucking ruining my day.
I think I might have to place an order.
Market order tomorrow morning, sell everything, all zero shares I have.
Yeah.
If anyone wants it at the market order, you can have it.
Anyway, let's go on to the stories here.
Don't want to talk about Bitcoin core, the issues that they're happening over there?
What's not to like about this story?
Core claiming that Nott's was ill-maintained and Nott's would cause problems.
And yet here we are, the core group of devs,
silent more or less, right?
You got a handful of people making comments,
but generally silent on a pretty significant issue.
Well, what is it wallet der or whatever?
Is that what it's called?
The migrating of a legacy wallet.
This could cause an issue.
And from what I understand it's for version 30, 30.1 are impacted.
And so if you, let's be perfectly honest.
If you fucking have core, if you're running,
Yeah, right?
Like, let's be honest.
If somebody and the Satoshi era wallet, basically, right?
Is that the, uh, you're not going to, you're not going to use that as a fucking
wallet.
You don't run your wallet software, the same computer that runs your node client.
You shouldn't do that.
That's poor practice in my honest opinion.
But even worse practice is using the core wallet feature that's built into it as a fucking
wallet.
Why would anybody want to use that unless you're just testing shit out on test net or
something?
fine be all you know all the more power to you but when you're actually using fucking bitcoin
proper you know there's better things you could use there's like sparrow out there that's been
tried tested and fucking true just fucking works but this is this is what it is so like it looks really
bad on the core people people are dunking on them but you know like i said the reality is who's
fucking using this as a wallet i think very few people are using it in totality but what it does show off
really more than anything is the complexity
of the code we're dealing with.
What has been done
is the software itself
becomes more and more complicated,
more and more complex to maintain,
more and more complex to update.
We talk about this on axis of easy.
Listen to that.
Watch that.
When operating systems,
it's kind of in the same vein,
gets more complex like some like Windows.
It's so challenging to keep it up to date
to make sure to all the holes are closed,
and it's just a secure system just because of how complex it is.
Corr is getting really complex as a client.
It makes me wonder that maybe this is a good time for people out there to start programming
the lightweight clients.
We have the one that's written in Go.
We have the one that's written in Rust.
We need more of these lightweight clients out there.
Give people alternatives, not just knots and Korra and these other ones, but we need more
stuff that just is not bloated with shit.
That's what I want to see.
That's what I hope we got.
this will probably be a wake-up call, I think, for some people out there.
I think everybody's faulty, right?
Like, people are saying, pointing fingers at court or shit.
And, you know, all this stuff that Luke has done in the past few months,
he's kind of looked funny too, right?
But to his credit, nots has been pretty good.
But still, like, you know what I mean?
Like, there's so much things that could go wrong here.
We just need more alternatives, more options.
Clients, we just need more clients out there.
This is not something we should be playing with lightly.
This is fucking our money.
This is something we could fucking really put a nail into the fiat system if we do it right.
But if we don't, we fuck it up, we have one chance at this.
If we fuck it up, it's done.
What are we going to just be continually living this fiat environment for the rest of our lives?
I don't want to see that.
We got to move on to something better.
Bitcoin is it.
Let's make it better.
How do you fix the core development problem?
Gloria Zao and Adam back and like the Bitcoin mailing list stuff or the Bitcoin, it's like the Bitcoin forum or something.
something in the comments coming out where the devs are going, Gloria and Adam, I think, actually
are going back and forth talking about vulnerabilities and then they decide they're just too hard
to fix so they can't fix them.
So if you have alternatives, as long as the client itself adheres to...
No, but I don't mean that. I don't mean that.
I mean, how do you fix the core dev problem, right?
Because not...
Well, I mean, you don't have to yet, but at some point, yeah, you want the core devs to be
competent people.
Because Nott's is all core,
save for a couple lines of code.
So, like,
people can say that Nott's
like this unverified,
unvetted thing,
but it is sort of indirectly just another.
Yeah, barely even a derivative.
It's like a clone of core,
say for a few lines.
So you need to have the core dev team
on the ball.
So how do you fix the development problem over there?
So I'm going to go back.
As long as you have alternatives out there,
do you really, like,
you know what I mean?
think if you think about it, it's like an operating system, right? You have to, you have to run something
to use your computer. The onset, you had DOS, you had whatever the MacOS had it. Very few, and you
had fucking Unix, but for home users, you really had just the DOS and then it migrated to Windows.
But over time, then came this nice, lightweight, free to use open source software,
canoe slash Linux. It works. And from there, it just, you have a bunch of different brands.
inches, but that's what you need.
We have core.
It's there, but you could have something else.
Cork could do what they want.
You could have something else give you exactly what Cork could do, just on a lightweight,
less bullshit type of environment, usability, shit like that.
So Cork could do it.
As long as there's clients out there that are in line with consensus of the network, right?
It's going to be doing shit that's.
going to be every 10 minutes.
It's like that's,
that's all you really need.
So Cork could do what they want.
Who cares?
They could push things as,
who cares?
It's the people themselves
that ultimately want to have what they want.
As long as there's options,
they can pick and choose what they want to run.
We want options.
Yeah.
Fuck core.
Fuck everything.
Okay.
All right.
Just like Linux.
Let's give you like a shitload of options.
Yeah, but the problem isn't optionality.
The problem is that like the other options,
the other Bitcoin clients are just
copied from core
well
copied in what sense
like if you're doing something
like the code base
like the Rust one or the
goal one that's done from scratch
okay fair enough right
so they're not copying
they have a set of rules
they have to abide by
because that's network rules
and that's it
if you're saying that's copying
okay but once you do that
you're good to go
then if you could hook up
your software to that particular
node you can query it
great
yeah
I just want more options
we do need more we do need more options
we do need more options
core is not to be all and end all
yeah yeah they they fuck around too much
they give us information well past
in terms of like
when there's an issue
with a particular piece of software
years later
they'll release the information
what was wrong with it
for instance why do we have to wait
oh god no we never
I mean updating Bitcoin
we're gonna find this out
with quantum by the way
I know no one wants to use the keyword
but we are going to find out
how hard is to update the protocol
and we better
start thinking about that too.
You're a big proponent of
quantum being something
that's going to cause issues
in the next distant future it seems right?
Yeah, yeah.
Five, ten years maybe, max?
Not right.
Yeah, I think so.
I mean, it's not a matter of if,
it's a matter of when, right?
Oh, long enough time arising, absolutely.
Yeah.
I don't think it's a big deal.
Ledger.
we're talking about the ledger hack
that they're doing some creative
why not
yeah the folks over there
doing some creative things
to try to steal other people's Bitcoin
and maybe you know
some digital assets
that are called chick coins
Jameson Lopp out there
was posting an interesting scam
that was being perpetrated
because you know
there's been several hacks
getting information of people
who it is that own a ledger device
so there's email is now coming out
apparently from Ledger
saying that Ledger and Treasurer
have merged companies.
And they're saying that all ledger
just a shit milkshake.
Nothing works over there.
Well, in this email, which is fake, by the way,
it says all ledger users have to migrate
to the unified treasurer interface in the next few weeks
and they give a link to click.
It looks really good.
You click on that link.
And I don't know what happened when you click the link
because they just showed a picture of the email.
I presume it goes to a site where it's asking you
for your seed phrase.
these hacks, they are getting out of control.
And the problem with this is that we have one particular company to blame for this.
Or maybe not one, but there's a few of that.
But really ledger is like the poster child here.
And all this goes to show you is when you're going to buy a particular device,
like a signing device, you know, you may want to think long and hard not getting a ledger
given their track record.
Coin kite does a really good job.
I'm not getting fucking paid by them.
You're not getting paid by them, Joey.
Like this is just, we,
we like the product that they deliver and they do a good job.
It works well,
but not only that when you order something from them,
from what I understand,
shortly thereafter,
within months,
they destroy that information.
So that information tying your name to ordering that device is gone.
So if there was ever a hack,
depending when it takes place,
unless you order very frequently,
very recently,
you're pretty much safe.
And that's what you want in a company,
a company that they value your privacy.
And Ledger does not.
I just want to keep bringing this up.
Ledger is using it's so better than leaving on exchange,
but not by much.
And just if you got one of these emails, be careful.
Anybody that's asking you for your seed phrase,
they're just asking for your fucking Bitcoin.
Never give it up.
Not to friend,
not to family,
nobody,
because if you do,
it could potentially be gone.
Fuck Ledger.
Ledger was the first mover in
wall of space right?
I think so.
And so, like, they really fumbled the bag.
Boomer's raising a good point that I would, I think I would lean toward that as well,
actually, Boomer, that Trezer is the superior product now, you know?
They've had their own hacks.
They have, but not like this.
Like, names, addresses, emails, phone numbers, like, that's the whole kit and caboodle.
So you pile this in with the, the, uh,
weekly wrench attacks in a place like France.
You know, there's people willing to go get this money.
Go get those coins and whatever else is on your ledger, I guess.
But cold card is the best product security-wise, for sure.
UI, yeah, leave something to be desired for the new Bitcoiner, let's say.
Although I don't think it matters if you're of a certain vintage.
You're going to find that the quality of the product, you know, trumps anything else.
Well, seed signer is pretty good too in that you build it.
And so there's
Super niche market though
Super niche market
Maybe
No one
You know
No one's building your own
And do you want to build your own
Wallet
You know
Secure generational wealth on there
I don't know
I'm not sure you want to do that
I don't know
From what I understand
It's very well liked
I can't speak
With confidence
And how good or shitty it is
Because I have never used it
But people to have
Use it
They love it
So yeah
They got the heart
Seatiner guys
Actually seem cool
On mine too
which is nice.
They're good people.
You talked about the French government.
Let's do the story where they're not doing Bitcoin or as a solid.
God.
A corrupt tax agent in France was getting access to people's information.
And the info he was accessing was the government stored database
that indicated how much Bitcoin and shitcoins people had.
And this is all due to KYC laws in France.
So you buy Bitcoin.
Some of that information,
you're buying through the regular exchange, of course.
Somehow that information ends up going to the French government.
They have the database.
And while this guy was selling this information to gangs out there,
and of course they use this info, you know, what they did with it,
they try to extort the Bitcoin and chip coins from those people that have a decent
amount on their ledger or cold card or wherever they have it on.
And they say the crypto kidnapping is becoming more commonplace in France.
It's happening on a weekly basis now.
It goes to show you that the value of KYC free Bitcoin, there is fucking value there.
Totally.
So services like BISC and Robosites and shit like that, Bitcoin ATMs that offer up KYC free,
there's some value there because this cannot happen if you have KYC free Bitcoin.
If somebody had total KYC free Bitcoin and never exposed their UTXOs,
to something that ties it to them.
They're flying under the radar in totality.
But once you start buying KYC and the government has it
and somebody from the inside of government is corrupt
and uses that to sell that information to gangs,
then it becomes really problematic.
That's one way to put it, yeah, really problematic.
You might die.
Family kidnapped, you dead?
Yeah, it could be problematic, I would say.
Didn't we have somebody lose a finger?
It was it last year?
I forget it was in exchange?
Was it the guy who said?
Somebody from Ledger was.
No, I thought it was the guy in France, again, who got picked up and we thought he was laundering money, right?
He didn't want to pay the taxes on it or whatever.
I thought it was that guy.
I forget his role now.
He might have been actually working for an exchange now that you mention it, but I don't recall who or when.
So Boomer's saying with AI and IP addresses, when you used your own node that's running behind VPN and even Tor.
broadcasting a transaction from when you send it,
maybe, maybe they could tie it to you.
But when you're receiving, there's no IP address.
You're sending it to an address.
So as long as you're receiving,
there's no way to say that
that Bitcoin address belongs to somebody in
X country. It could be anyone in the world or
fucking universe, that matter.
You're going to love this story, Joey.
Can I just share something that
Gigi in the Bull Bitcoin chat sent us.
I want to make this meme very popular.
I think this is maybe the funniest meme ever.
I love to hear.
Yeah, this is a trade offer meme for people who are listening on audio.
It says, I receive 60% of your taxes or 60% taxes on your income.
You receive state agents who sell your address to gang members.
And it's Emmanuel Macron in the trade, trade face.
Elite, elite meme from our friends of Boulder.
Yeah, not good.
This one.
Go ahead.
Good story.
because a new Bitcoin monument
has been erected at the
so dumb this guy's got to stop
just go back to the human centipede jail videos
and leave us Bitcoiners alone then
come on
for people who I don't know what the fuck I'm talking about
the international airport the main one in El Salvador
there's no when you arrive in the airport
there's this new Bitcoin monument
and people are greeted by this beauty
over there it says welcome
to Bitcoin country it's got the big
the big Bitcoin symbol on it
And right beside it has a couple of screens showing off a few things like the price of Bitcoin,
how much Bitcoin El Salvador presumably has, and some tweets from Buckelis also on there.
So it's good stuff. And so it's just, you know.
What is he betting on?
Like what is the intended result here of the Bitcoin monument being put up at the airport?
They got rid of Chivo. They got rid of Chivo.
the IMF has got them under their boot now
and I don't see why this is a good idea
explain this like someone's got to explain this to me like I'm retarded
because I don't get it I think this is just asking for trouble
Are people still thinking of moving there?
No
Bitcoiners? Remember there was a period of time
where they were offering up residency or citizenship?
I was going to meetups and people were like laughing at me
for telling them that I thought El Salvador was going to rug
They're not going to rug.
There was one guy, an optometrist, who's name, I can't remember.
But he's a nice guy, him and his wife moved there.
And he just kept saying to me last time I saw him, I'll save room for you on my couch, blah, blah, blah.
Like, I'm not coming to your couch anymore.
No one's coming to rent your couch.
How much were they asking for?
It was like 50 Bitcoin or something.
I forget what the fucking number was.
Yeah, it was quite a bit.
No, I think it wasn't like 200 grand.
I don't think it was 50 Bitcoin.
50's a lot.
50's a lot.
But remember when it first came out, Bitcoin went down to 15K.
right so I don't whatever to fuck it was they were asking for quite a bit for residency citizenship
something like that and some people took them up on that offer they got fucking totally scammed
because they thought there was this bright future over there where bitcoin could be continually
used as a medium exchange and you could just go to your to the McDonald's and pay with bitcoin
fuck man like i feel bad for those people they're dumb as fuck i still feel
bad for them for you. I don't think they were hopeful. They believe too much.
Yeah, they were hopeful. Some of those people didn't come from.
It was free Bitcoin. I thought it was way hard and I was way off. By the way, some of those people
didn't come from Canada either. They came from places and situations that were a lot more dire.
They liked Bitcoin. Especially if you're in a place where you got to get out, there's not a lot
of other Bitcoiners. Like it looks like a great option. But yeah, I think at this point, I mean,
if it wasn't safe before, I think it's safe to see you got rugged. Let's talk about this guy named
Stephen Ponwowsy?
Yeah, Ponwazi from Betterdwelling.
Yeah.
Yeah.
Great story.
I like this.
He tweets that I'm going to read it.
It just says here,
crypto is dangerous.
Your money can disappear.
He says this sarcastically because he says a counterpoint.
RBC just quote unquote lost one of my business accounts,
not closed or anything.
The account never existed.
They're equally confused.
why I have a bank card checks, routing details, and login connected to nothing.
And, you know, we're going through this situation in the past of the while.
You see people are getting debanked.
And, you know, if somebody out there is very powerful and wants to have you erased
in the FIA world, that can happen.
It's very simple.
Or you could be at the hands of incompetent tellers in 1990s Windows 3.1 bank software.
You could also get nuked by that as well.
Anything can happen in Canada.
Just lose your account.
The best is that he went to the bank with the checkbook and the old statements and they just had no record of it.
Like assuming that guy's making okay money, the bank has never seen him before.
Like, oh, it's Stephen.
And now his account's gone.
How is that awesome?
You mean, he could do everything remotely.
Still, man.
I could see that.
I don't know.
And so anyways, you know,
you're dealing with a centralized service like a bank.
And if they want to rug you,
they can rug you.
This is another reason why I have Bitcoin.
There's so many reasons why Bitcoin that was this week,
why I'm doing it,
but this is another one.
You know,
if you use Bitcoin properly,
can't get rugged.
Yeah.
Not like a kid of the bank.
I feel bad for this guy.
Now,
apparently he's got this resolved.
But man,
he's got a big falling.
Imagine like somebody that didn't have a big fall.
And what could he or she do?
It's always the story,
is it?
What happens if you don't,
have a following. You're at the mercy of these, you know, errors and there's not much you can say
or do because no one's going to reach out to you if you have a thousand followers or even like,
you know, I don't know how many followers I have 3,000, 4,000, something like that. Like,
even that's not big enough for RBC to help you. You're at the mercy of, like I said, the tellers.
And by the way, the tellers are like, I'm sure they're nice and they're trying their best,
but the likelihood that they're going to be able to really give you good advice is basically
be zero, especially for a problem like this.
Is it not?
Am I dreaming that? You're laughing. It's true, though. You're not going to get any help from
these guys. Like, what are they going to say? They work there part-time.
I don't know.
I'm talking about rumble wallet.
So it's the rumble wallet is now available for creators to receive tips in USDT, Bitcoin, and
also something called tether gold.
Okay, this kind of, I never heard of tether gold before.
Either way, you could use that to tip people in this virtual gold stuff.
I haven't tried out the Rumble wallet, but from the way I understand it,
is you have to download the Rumble wallet to your phone, so some mobile device,
and you have to enable the feature from the app.
And apparently there's some bugs in the system that's being reported by Bitcoin, not crypto.
And I want to just give him some credit here,
because I watched his video and he tested it out and came up with some issues that was the result of this of the app.
And he says the Bitcoin that's being used is on-chain Bitcoin.
They're not using lightning.
You're using on-chain.
So you're talking on average every 10 minutes.
It's going to settle.
Not only that you're dealing with the on-chain fees, which, you know, it could be high.
It's cheap right now.
But, you know, if somebody's sending you something, if they're selling you a tip, they're probably going to send you a few pennies or something like that.
And, you know, depending, you know, how much the ETXO and should like that, it may be unspendable, depending on the fees at the time.
And so not only that, there's another issue.
The tipping with Bitcoin is a single address.
They don't generate new address every time you tip.
It's the same address as of right now.
So it's easy to do a search on a blockchain explorer to see how much Bitcoin that address received.
They're holding and they moved.
And, you know, if that Bitcoin,
that they received was moved to an address that they hold more Bitcoin and then they later
move it again.
And you know, they consolidate you.
Right.
Yeah.
If they do poor job consolidating their UTXOs and their docs at that moment.
And then, you know, that's, that's shitty.
So that's why using on chain in this particular manner is not the best way of using it.
Shouldn't use it altogether, period.
I would suggest use lightning and then let the creator itself deal with the lightning and how to
do with it.
But it's buggy at the very least.
That's the way I'm seeing it.
I wouldn't want anybody to use it.
It's a predict around moment.
It's shitty.
You don't need Rumble wallet.
Do you?
What do you need it for?
It's not me.
I know, you got QR code so you can stick on your videos
if you want to get on-chain transactions or lightning transactions.
Why expand your surface area for attack, right?
We don't know who coded this.
We don't know where it came from.
Oh, yeah.
Okay, great.
So we don't know, I don't think it's open source, right?
As far as I can tell.
No.
I didn't see it.
So let's say it's not open source.
And I, you know, I see boomer in the chat.
It's competition to YouTube.
I don't view it as necessarily competitive with YouTube.
But I do want, I hope it kind of catches, you know, lightning in a bottle.
It would be fun to have Bitcoin tips become the norm.
I mean, we're, we don't think much about this.
Because in the Bitcoin podcast space, we have Fountain, right?
So Fountain, we get boosts every week.
We read out the comments and stuff.
And it's like, nice.
Okay, a little bit of money in our pocket.
You guys get to say what you're thinking.
And, you know, Bob's your uncle.
But there are better ways to do this without, you know, another wallet product, I think.
It's a remember that Tether bought into.
Yeah, Tether owns a big piece of Rumble, like 20% or something huge.
So by doing so, they want to have.
they want to expose their products,
USDT,
it looks like that tether gold as well.
If you're going to do that,
then Bitcoin is an adjacent product.
By the way,
I check to see if it's open source.
It's not entirely open source.
They're using open source tools to develop it,
but it's in itself is not open source.
So that's just FYI.
So really what they're trying to do is
they're trying to create an alternative to YouTube
that is less censored.
And you now have the ability,
if you want to tip them,
you don't have to use the,
whatever it is with Google,
to pay for the YouTube version
of paying somebody a tip.
You could just use something that's totally outside that.
Bitcoin, right?
In theory, that works really well.
But in practice, in this particular case,
it's not all that good.
If they could migrate somehow lightning into it,
oh, yeah, then it's better.
Be sick, be sick.
Not fantastic because, like, you know,
Rumble is still a growing,
but it's still better of what it is now.
And then you can see, okay,
I can start using it as a Bitcoin,
or I want to use that as my primary place to start,
posting videos, doing live shit.
Totally.
Right.
So I guess that's what they're trying to see to do.
Anyways, there's this great story out there that why you should never use a custodial
exchange.
Or at least if you are going to use one, pull your Bitcoin off as soon as possible
from the exchange after making the buy.
And it's a story from Yahoo.
And it says South Korea Supreme Court ruled that Bitcoin held on domestic exchanges.
can be legally seized under the Criminal Procedure Act.
And they were trying to decide how to deal with these digital assets that were held in exchange.
And if it could be seized during a criminal investigation.
And this all started back in January 2020.
That was actually pre-COVID.
And at that time, police confiscated 55.6 Bitcoin from somebody who was under investigation for money laundering.
And the courts didn't, they had to figure out what to do with it.
They were arguing that the Bitcoin held in the exchange did not qualify as physical property.
But then eventually they decided, you know, let's take the support figure to stay there.
I love this.
It's Schrodinger's Bitcoin, right?
Whatever they wanted to qualify as for the purposes that they're looking to fulfill, it's, we got to tax it.
We don't have to tax it.
It's property.
It's not property.
It's yours.
It's ours.
They say it qualifies as an electronic token.
with the ability to be independently managed, traded,
and substantially controlled in the terms of economic value.
And there's new proposals out there
that would allow authorities to lock these accounts,
these exchanges, before the suspected criminal
was even had the ability to withdraw the money.
So no more lengthy delays for getting a warrant.
They could just simply get it locked.
And then at that point, they can't get their Bitcoin off.
So that's why you wouldn't want to use it to control the exchange.
But even, you know, right, like don't be a criminal.
But what you should do is take your Bitcoin, put it in cold storage,
and what could be done at that point?
They can suspect that you have it or something.
Like, fuck, right?
But that's what you should do.
That's another reason why you shouldn't use a custodial exchange.
Shouldn't leave your Bitcoin on there.
Take it off as soon as possible because, you know,
they could change laws, as you mentioned.
And it can be against you.
Yeah, it's a pretty big deal.
I'll note a couple of things here.
Right now there are fines out against Corbett, Upbit.
Bit thumb, coin one, go packs, and the anticipated total of all those fines is going to reach
$100 billion because they've, you know, participated, let's say, in activities that the government
found to be unsavory. There's also a proposed payment freeze system over there now. So you can
freeze assets like you can in stock markets, which kind of against the ethos there, I would say,
you know, to put it mildly. You, you, you, you. You, you. You, you.
have two choices as a Bitcoiner.
And it's been like this for a long time,
but the threat wasn't quite as real as it is now 10 years ago.
You have a choice between ease and security, simplicity and security.
You can go to an exchange, shake pay, wealth simple, whatever,
and buy and hold on the exchange and every day wake up and buy a little more
and watch the number go up in the exchange and feel good about being able to see it on your phone
and touch it on your phone and move it on your phone
and you have a little username to go with it.
Other people who are playing in that sandbox
and send you stuff without an address.
Nice.
Secure.
It doesn't matter.
You don't have to worry about a seed phrase.
You don't have to stamp it out.
Don't have to hold it on metal.
Don't have to make sure it's fireproof, waterproof,
waterproof, hide it in different jurisdictions,
take it out of your house, whatever.
You don't have to do any of that stuff.
You can just go on your phone.
That's a solution.
You can do that if you want.
But you're at risk.
South Korea is,
not North America, of course, not the North American market. But, you know, look at what's happening
here and even in the UK and European countries, America and the blue states, there is a trend
toward asset seizure and stuff like taxing unrealized gains and forced selling and confiscation
of anything liquid that's not bolted down basically to support ongoing poor decisions
at the state level in terms of spending.
So you can either be a part of that, you know,
as they destroy every single fiat asset
on the way to Valhalla, I guess,
or you can just hold it in a cold card
and, I don't know, bury it somewhere.
I forget about it.
Use co-v wallet from our friend Praveen
to monitor your transactions
and generate receive addresses
and never look at your hardware wallet.
Up to you, man.
You pick, but it seems to me
that we're doing these stories more and more,
and there's more and more leanings from governments that you would consider to be free, open, and fair, participating in activities that are anything but when the need arises.
So be on the lookout for that and protect yourself before you have to.
That's the trick, right?
Do it before you have to.
That's a good segue to the next discussion.
BitChat.
The chat service.
Mesh boys.
Yeah.
Yeah.
Bluetooth. This is chat service. As you mentioned, it's a mesh. It's peer to peer. And this past
week, officials in Uganda said that they could block it. And this release came out as the country
is moving forward to a national election. And I'd like to say good luck stopping a peer to peer
service. It was designed to use, to be used during blackouts. So when there's connectivity blackouts,
stuff like BitChat could still work as long as you have blue.
I once tried out BitChap, but I never did anything beyond it from installing it because
you have to be able to be out in the open.
Everybody knows I don't leave the basement.
So until I do, I don't know exactly how well it works, but it seems to work very well in
certain places that are trying to restrict your freedom, especially your freedom of speech.
So in the past, Uganda has restricted online access during politically sensitive periods,
like during elections.
So it's probably going to happen again as they are marching forward to another national
election.
So BitChat, you know what?
Stuff like this just gives it credibility.
And it's free publicity.
Why do this?
Now people are more aware of it and probably going to use it.
So thanks a lot.
I like Bitchats, good app.
Again, there was a thing called Fire Chat like 10 years ago.
The people used the music festivals.
It was okay.
We're all right.
These things only work as well as the sort of popularity in the your immediate area.
by the way, but still pretty cool.
Still pretty cool.
Pablo and Johnny there,
Hash and Coin,
both talking about how funny BitChat was in Montreal
or at Bitcoin events.
I never got on BitChat in Montreal.
I was a little busy doing the MC stuff,
but I would like to hop on it next time we're at that conference
and just,
yeah, like Pablo was saying,
hit a bunch of people with GM all day long.
GM, GM, GM.
Four.
Good stuff, good stuff.
Will it ever gain mainstream use?
No.
But that's not the success metric for something like that, just FYI.
No, just an alternative that gives you the ability to communicate when there are no other options.
Like in Iran, for instance.
They're going to some internal issues right now.
Lots of protests and shit.
You got away with some internal issues over there.
Yeah.
It's one way to put it.
Yeah.
I don't want to.
Yeah.
Anyways, there's an internet blackout being experienced over there because the authorities are
trying to maintain control.
And it looks like there's some fud being spread about.
out how this could impact Bitcoin mining.
And not too long ago, if you recall, Joey, China, they banned Bitcoin and Bitcoin mining,
right?
This wasn't not too long.
It was four or five years ago.
Yeah.
And Bitcoin survived that even though that most of the hash rate came out of that country.
And remember our weekly Inner Mongolia, Mongolia reports.
We were talking about them.
A simpler time.
A simpler time.
Bringing people up to speak to some critical information.
But you need the internet to mine Bitcoin.
I mean, you could probably be creative.
to get around it.
But for the most part, to hash out, you know, to mine Bitcoin, you need internet and other
services like, you know, electricity.
But Starlink could potentially be used in times when connect traditional internet's being
shut down.
Now, I heard that they're jamming Starlink, so not all the packets are going through, but
still, you know, in a limited manner, it's still working.
But all this is to say that Iran's problem that's going on right now is probably not,
is not, not probably, is not going to impact Bitcoin mining, fucking at all.
Right. In fact, you know, Venezuela, a country that should be in Bitcoin mining.
It should be a hotbed.
And they're venting and flaring a fuckload of gas.
In fact, Bloomberg reports that roughly 13 billion cubic meters of natural gas is being vented by Venezuela.
Every year, that's worth about $1.4 billion.
A lot of wasted revenue.
Might as well place a call to upstream data, talk to Steve and get something put out there.
See, Barber's vlog on the way to Venezuela.
Yeah, on a fucking chip and set it out there.
So Iran, it's not going to really change anything with Bitcoin mining, right?
It's just fun.
I can't believe they're talking about this.
Did we cover last week the Venezuela Bitcoin secret stash?
I guess we were we in between shows when that happened?
That whole abduction, abduction.
It was a precision operation.
Was it Bitcoin Day?
It was Tether.
No, I thought it was it.
I don't know. I forget now. But anyway, you've reminded me there. Iran. Disaster over there.
They are apparently now cutting internet. And about an hour ago, the U.S. consulate told any Americans in Iran to find ways out that do not require government assistance.
So get to it. There's going to be a war coming tomorrow.
Over under on nuclear bombs this year?
I have to look at the pizza situation in Washington.
It was high about an hour ago, I saw.
Yeah, that's not looking good.
Can we see nukes?
I'm on polymarket right now.
Let's check out the odds of nukes.
Iran, nuke before 2027.
Is that the chance of them getting one?
Oh, here we go.
Neither.
The chances are zero for getting up.
30% chance.
I'm getting nuked.
Yeah, in the polymarket.
I'm going to take the under on that one.
That's high.
That's high at 30%.
Yeah, for sure it is.
Who's going to want to start a nuclear war?
All right.
You saw this super heat stuff, right?
Yeah, we talked about it with Juan a bit.
This is a, you know what this reminds me of?
The coin mine one or whatever, those things were called years ago.
I can't remember a coin mine one is.
Long time ago now, but it was like another home heater, basically.
Tuan has the best product in this silo, and part of the reason is because he tells you the spec.
There's no spec sharing on this, right?
That was the problem that we...
There is.
there is.
Is there?
Yeah.
Okay.
Hit me with the specs.
So people what the fuck are wondering, what are we talking about?
This is making Bitcoin mining more accessible, right?
Like we have, or Joey has one behind him.
I have one in my garage.
You can't hear what Joey has is a testament to 256 heat.
We'll talk about them in a minute.
Either way, these are home heating solutions.
This is a superheat H1.
It's a combined 50 gallon electric water heater and Bitcoin.
mining rig. And so these sell for approximately $2,000. I assume that's USD. And as I said,
they're 50 gallon water tanks. And the hash rate is claimed 120 terra hash per second. So with that
being said, you know, if you are using electricity to heat your water, I don't know. It kind of
makes sense. Yeah. Could be. Yeah. I don't know. In terms of like this shit, I'm not sure how,
what's the lead time.
I knew,
they say that they're hoping to get shipments done by March 2026.
But who knows?
I know that mint green has been doing stuff.
Colin Sullivan was talking,
was doing shit about repurposing the heat.
Yeah.
So this is just another example of that.
They've been very successful with that out in British Columbia.
But that's about the only example.
I think off the top of my head of minors being used in,
I mean,
I would call that a commercial.
space, maybe, not quite industrial space, but commercial space. So I like, I like the idea of
Twan saying it tore up in the chat making a good point. You can't run a water heater 24-7,
so it runs only a couple hours a day. Yeah. The point, the thing that I think Twan and, you know,
you guys and these guys at water heat would all agree on, what does name is? Super Heat, Super Heat.
The guys of Super Heat would all agree on is that if the heat is the thing you need,
then getting some hash out of it is gravy. So for me, like,
like I've said this a million times. I'll say it again. This thing heats this room when I'm doing
the podcast. It's cold in here normally. Right now it's probably like 20 degrees, 21 degrees.
And in the other room when I have guests over, I just turn the vent into the bigger room and
blows off hot air in there. I need the heat. If you need heat, then maybe you use something like
this to do your water heater, even if it's only for a few hours a day. But you're not going to
get a lot of Bitcoin tore up in the chat is correct about that. It's going to be very
underwhelming. But better than zero, right? If that's, if the bar is zero, then why not?
You'd be more inclined to take long showers. Yeah. More frequent showers at that. Yeah.
So if you're going to go there, I'm going to make a few blocks by taking a shower. You'd be there all,
you'd be like Kramer preparing your fucking your lunch over there. Right. Great.
A callback. Yeah. This squeezes one last story. And wallet of Satoshi. They're winding down
custodial services in the E.
you and if you're using it and you're getting a no longer available in your region error
it's because well it's no longer available because of the mica regulations they're saying
anybody holding custody of user funds must apply for these licenses with national regulators
and this is for dealing and try to stem or try to deal with anti money laundering or money
laundering and also terrorism financing.
Shocker.
So if you're using it,
this is the one time.
We'll use of VPN to get your money out of there and try something else.
That was a long time, eh, drawn out.
I feel like we talked about that like a year ago.
Yeah.
But this just came out.
Slow wind up.
RIP to a pioneering app, right?
That was the first custodial lightning app,
really.
Affecting people in Germany, Italy, France, Spain, Poland.
and the Netherlands.
There you go.
And you need a VPN to connect to Serbia,
UK,
maybe you a cell,
yeah.
You need a VPN to tweet mean stuff anyways
in most of those places.
So chances are people already have one.
It's funny.
For those countries,
those six countries I mentioned,
you have to connect to the UK,
like to pretend to be with a VPN into UK
to actually use all the Satoshi.
Yeah,
I guess it's not EU.
Interesting.
Right.
Yeah.
So imagine that.
How the turntables.
Anyway, yeah, let's go to normal stories.
They do turn to tables, yes.
If you're with us on audio, see you tomorrow.
If you're with us on video live, hang in.
We're not going anywhere.
We've got some great Canadian content coming up here,
meeting the new media requirements to stay on the air.
See you a second.
Don't be a cock.
