The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Bitcoin Price Bounces Back From Epic Sale, Trump Airdrops Cash, Banks Closing Accounts | The CBP 225 Pt 1

Episode Date: July 29, 2025

FRIENDS AND ENEMIESJoin us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. From a couple of Canucks who like to talk about how Bitcoin will impact Canada. As always, none of the info is financial advice. Website: ⁠www.CanadianBitcoiners.com⁠Discord:   / discord   A part of the CBP Media Network: ⁠www.twitter.com/CBPMediaNetworkThis show is sponsored 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.

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 listed to Levinjoie. Spots is taking care off right off the top of Bitcoin and easy DNS. The media is feeding a slop. matter what topics discussed quality entertainment and information you can trust uh that's being planned or at least discussed you know we're not going to allow the entertainment and information you can trust send the guys some value boost them with some stats bitcoin is the scarcity acid i mean it's just a fact

geopolitical national down to the local cloud friends and enemies welcome to yet another edition of the mighty CBP i'm linda legend and obviously you're on listening to this you're wondering what the heck am i doing where's joey joey's not here today because he's as you mentioned last week getting his knee looked at and that's the first step before getting this guy fixed but distra brodie's not going to be doing the solo i got somebody joining me not coming off the bench we're getting the hall of fame or boomer boomer buddy how are you i'm doing good you're coming in with a little bit of an echo here like you're no yeah oh no shouldn't be an echo I have to restart this to.

Anyways, let's wait until somebody gives us some feedback if there is any echo or not. Because my side sounds okay. Yeah, maybe I just have to restart here. Okay, so you could do your thing, restart, and I'll just keep people entertained because, well, we have a busy week ahead of us in the Mighty CBP. And as I mentioned, Joey's not here. Nonetheless, we have a couple of sponsors. I got to chop off our list of things to do. one easy dns and if you're looking to do any domain name hosting registering of any domain names anything like

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So that's pretty darn good. Check them out. Use our promo code CBP Media. and sign up 50% taken off your initial purchase that's easy ds.com boomer yeah I'm back that was on me 100% on me yeah like I had you open on multiple windows and then I was hearing you twice and then I clued in as I was refreshing so sorry about that I'm continuing the tradition of like tech issues to open the show we're two for two now two in a row yeah next week we strike out I'll boomer

I got one more ad read to do. It's up to you if you want to do it or not. Bull Bitcoin. You want to do it or do it? They're the best exchange in Canada, probably the best exchange in the world. How many countries they're available in now? I know that they're, I think they're up to, they're available in France. Yeah, Costa Rica, France, Mexico, Canada.

Yeah, it's a Portugal, Spain, Italy. It's a number of them. I'm going to guess 10, maybe a little bit more. Who knows? Non-custodial as well. So they never hold your Bitcoin. You buy Bitcoin from Bull. It goes straight to your wallet.

They also have a fantastic app. Their liquid wallet has kind of become my daily driver. I've kind of given up on the lightning stuff. And I just take the Bull Bitcoin liquid wallet. And it works great. I mean, Liquid, it's one minute block time. So you're waiting a little bit more than for lightning. But one minute is usually fine.

I've never had any issues with it. And they're a great bunch of guys, too. They're cool as shit. Yeah, I got some bull Bitcoin swag back there over that shoulder. And you guys got like a promotion with them. What's the code when they sign up? The link is below. I don't know it off the top of my head, but there's a link below.

So people listening will be on the audio notes and the people watching. It's going to be down in the show notes. So check it out. Open an account. And a little bit will be taken off every buy you do. Moving forward in perpetuity. So might as well do it. Use our promo code.

Open an account with Bull Bitcoin. And they're hosting an event this week, I believe, in Montreal. I think Francis is in town. Are you participating? No, I won't be. I would normally would be, but I'm going on vacation. So I won't be in town. I'll be on the road.

So I won't be going. but no one bowerly and francis are going to be in montreal talking about sovereignty talking about kebac talking about alberta talking about bitcoin so anybody uh anywhere close to the montreal area i would highly highly highly recommend checking it out and this week on a cbp joey is going to be interviewing somebody by name of heather i don't want to give the full name just in case i'm going to docks her name but i'm not sure what's it all about did you know of any heather that's in a bit coin slash adjacent field just Heather that does the unhypnotized podcast I don't want to say the name just in case it's wrong so anyways if you're listening if you want to hear a Heather talk

Joey's going to be talking to a Heather this Wednesday 8 p.m. Eastern check it out but I got to just a couple of things I got to do really quick number one I want to talk about boosts you okay with that boomer of course awesome okay so top five boosts for this week A-I-B-L-E Ibel? I don't know Hunter Sats says he loves a new segment

that's the Hamilton man versus Brampton man I'm all up for those I'm all for those elbows up but those elbows are up while jerking off

in the public transit I think we've jumped the shark as a country thank you and God bless yeah I agreed God's deith 237 sats he says thank you gentlemen

all right Jair writes in three different times 2,000 sats further fire more fire and straight fire he's just all about the fire he loved our last episodes last week three of them were released

and he loved them all so yeah Taz says no echo here thank you very much for the feedback is that the same is that the same chair that does the live streams on Noster I don't know you know what I'm talking about no but jare if you're listening to this

give us an answer are you the one that's doing those live streams on the last year let's get an answer to that boomer before we dive deep into the bitcoin stuff just a couple last things I gotta take everyone last thing any memories of the late great Paul Kogan

who passed man like positive or negative or positive or negative my first ever memory he helped shaped our generation right like he was right very very instrumental for yeah yeah yeah summer slam with the mega powers versus the mega bucks is my first wrestling like pretty vivid memory of it all you know you know like the whole feud with a million dollar man and with uh with andre the giant and how it kind of turned into a big thing i was i'm a randy macho man savage guy you know that like i'm a randy muscle man savage guy

so Hulk Hogan was kind of like half at the time he was like kind of not cool for me like I thought he was like too goody-goody for me that's what I was I always like those bad guys so SummerSlam that was the summer Slam 88 or 89 I think 88

1002 yeah I think it was 88 you ever see Hogan wrestle live no no three times three times three times who do you face Orndorf 86 exhibition and

Toronto, 1990, WrestleMania 6 against Warrior. Oh, shit. And then I saw him at Nitro in late 90s. So I was lucky enough to see him a few times, especially in his prime. Yeah, but the man is gone. Hulkomania lives forever, but the Terry Balea, unfortunately, he's gone. Our IP.

Our IP. Let's go on to Bitcoin stuff. I think it's a good time to start a joke. Joke me to call you Joey. Boomer. I've been called worse by better. This is one I want to hear your thoughts about, because micro strategy, strategy, MSTA, what the fuck they're called. I have no fucking clue.

I don't know how they go about doing this, but they find new ways to raise capital. And this week's edition of Strategies debt offering is something called STRC. It seems like every week there's another offering that they're pointing up for. people that just want to buy. STRC is this week's debt offering. And it's designed to be a Bitcoin-backed version of U.S. Treasury bills. That's what some people are describing it. Initially, the yield for these STRCs is going to be between 9.5 to 10%.

And comparatively to U.S. Treasury pills, it's way, way more lucrative. But I'm wondering now with this very high yield, so to speak, I mean, holy fucker, And then we're entering Terraluna territory. Remember, Tara Luna was offering 19.5% give or take. And everybody knows what happened to them. I'm not saying that this is going to be the same thing. But, you know, algorithmic stable coin, you know, some shit coinery giving large yields. This is going to be a fiat offering of some sort of algorithmic stable coin type.

No, it's not a stable coin. At least algorithm is stock. But either way, like trying to get 500 million. And what are going to use that for? primarily to buy more Bitcoin and it's going to make a lot of people that are MSTR investors happy they are aiming to maintain a price of around

$100 per share for these STRC stuff algorithmic shares thoughts on this it's concerning now you and I are in a couple of group chats together I've been on this show before talking with Joey about micro strategy and stuff

I like to think that I'm relatively level-headed when it comes to this I'm not a hardcore sailor apologist and I'm also not like one of those anti-any-anything that is not on chain. I like to think that I kind of take everything with a grain of salt and kind of learn a little bit about it before I have really strong opinions about everything. But with this, it feels a little much, don't you think? It seems fast.

Now, what Sailor seems to be doing here, and I think he's said so. If he hasn't, he's alluded to it. He's really trying to build himself out a yield curve. He's trying to buy, he's trying to create all these different products that will appease to every single type of investor all the way out on the risk spectrum, right? so where the common shares would be the highest risk where this new offering would be the lowest risk and he's trying to find a product everywhere along the line my concern is just how quick he's doing all this and why why all at once maybe there's the impression that bitcoin's going to go up and he wants to strike the hammer while it's red high before this thing really runs away.

Like they have 600,000 Bitcoin. Or the other way around. Or it could go down really fast. And he wants other options out there that he can sell without having to sell common shares, to dilute further with the common shares or to sell Bitcoin. He's trying to find whatever. He's looking for chairs. That's what I'm trying to say.

in a way, right? He's trying to set himself up so that if things go down, he'll have things to sell instead of having to pony up the cash by selling Bitcoin. They're not going to sell, I mean, you didn't even reference it or hinted it,

but just for people out there, neither of us are going to say that they're going to start selling their Bitcoin. They're not. The only way they could start selling their Bitcoin is if the company goes tits up. Last. that's that's the way i can see we had bitcoin go down to 15k three years ago

a little less than three years ago and they still did not sell in fact i might have been still buying through that whole ordeal and their average buy price was way higher than 15k yeah and so they didn't sell then right now we're sitting at i don't know what that okay 120ish i don't what the fuck we are right now they're not going to sell anytime soon no it's got to be a bankruptcy that's that's not going to happen so Yeah, they're just finding new ways to just offer up, like something. To accumulate more. Yeah.

This one is interesting. I don't want to say it is ingenious or people should be looking at this. The high yield is something that scares me, the nine and a half to 10% initially. It's, I look at that and I was wonder to yield, like I say, where does it come from? I'm sure they're able to find a paper trail that it's, you are not the, uh, exit liquidity for this, but maybe you are. I don't know. But I'm just trying to get at is just being rather high. To me, it's a kind of red flag. But people that are buying, say, treasuries and they're not mandated by treasuries. They're just buying it just to get some steady income, some steady yield

year over year. This is a better alternative, right? In terms of just, so that's going to be able to attract a certain customer. It's not going to attract me. All these products that he's offering will attract a certain customer right all the and and i don't have them memorized s d s t r c s d r k sd um i i i have a little chart that i that i have on my computer to kind of remind me which which one is senior and which one is is junior all the way out um it's interesting though like what he's doing you got you got to give him that like i there's not but I wonder like what is the appetite for these products when they sell out right that's the fucking thing is every time they offer it it's not like they're coming back and say guys you

really got to look at and buy into this thing they fucking sell up there are people lined up to buy this and why are why is the yield 9% then if if there's so much demand why wouldn't you start the yield why wouldn't you start the yield off above five because u.s treasuries yield around five, so you yield a little bit more than five, but you certainly yield less than 10. Like, why are we at this number? They just got so a really good question. I don't know. And I'm not sure if the demand for this one is going to be as strong as some of the other ones. Like we, I'm not super in it. You know, I look at it, I, but I'm not, I'm no expert.

But I think we kind of lump them all together in our brains that these, these alternative products, these MSTR alternative products, and we assume that they all have roughly the same amount of demand. And I'm not sure if that's the case. Agreed. Well, you know, we'll see, we'll see in short time how this one plays out. To be honest, I don't give a fuck. I just, I can't stress it for myself.

And people out there, if you use it, if you want to buy into, good fucking luck. I hope you make bank. For me, I don't care about it. These guys can keep off. offering more and more stuff. It's good talking points, but in terms of like impacting my life, no fucking way. I'm not, I am not exiting the fucking, my Bitcoin allotment and get more Fiat. It's the opposite. I want to lessen my Fiat alignment and increase my Bitcoin allotment. That's, that's just the only way it. It works for me like that.

For some of the newer, for some of the newer watchers, the newer listeners that are tuning in. This is one of your first episodes. You guys got to know how hardcore Len is. Len is no joke. You're a. There's a reason why Len the legend is. Well, let's just transition to a story as to why I speak like this and why I, because it's a story about the banks. And they keep giving us reasons why Bitcoin is a better alternative, right? And it's a lawyer, Eva Chappayak. I hope I pronounced her name correctly, Eva Chappiak.

She went on social media this past week. She was showcasing that Bitcoin is way better. option and just leaving stuff in a bank notably she's a lawyer or was a lawyer that was defending the truckers in ottawa so she has that mark that target on her back this past week she was given notice by rbc bank that her account is going to be shut down and the rationale they provided her was for risk concerns they say recent activity was outside rbc's client risk appetite This is verbatim from RBC. And we won't get into the fact that RBC was recently fined $7.4 million by FinTrack.

That's Canada's anti-money laundering agency because they failed to comply with anti-mondry, anti-money laundering and terrorist financing regulations. They have blood on their hands, RBC does. But I guess those actions are within the bank's risk of appetite. This, what she did, apparently, she was buying Bitcoin. And that is, the bank said she's no longer in a position to continuing servicing her. Do you know what that sketchy buying Bitcoin was? Two days in a row, she submitted $1,000 from her bank account to her shake pay account.

Two days in a row, $1,000. And so I'm going to tie this back into the first story. talk about before we get to this one. Legitly. Do you see why I don't want to buy any shit like MST? Granted, MSTR would probably increase, and a lot of other offerings,

would increase your Fiat allot because it has done very well. It passed a while. I expected to do very well as long the price of Bitcoin doesn't go down. But you somehow have to exit that Fiat into something like Bitcoin. She, two $1,000 purchases

was enough to flag her and say, no, if you're locked in fiat you are locked in fucking fiat you can't get the fuck out so to a canadian to a canadian company who are pretty like we both know some of the guys at shake bay they they're they're pretty professional over there they they go out of their way i think sometimes overboard to be compliant you know i'm not saying oh maybe i should rephrase that a little operating with me i know i know i're trying to get they operate within the confines of the law they are they have been recently granted uh admission within the walled gardens and fuck i forget the name of the agency or the the whatever it is but they are now at the table when it comes to talking about

financial stuff uh yes with fuck i forget the name of that either either one trying to get at is these people shake paper they haven't rubbed the regulators the wrong way. They've gone out of their way to engage with regulators. Yes. They have people on staff whose job is to engage with these people, where there are some exchanges out there that basically put a middle finger up to the government and say, go fuck yourself, but not shake pay.

Shake pay. And they're Canadian. So they're a Canadian company that are doing things the right way, at least to the best of their ability. And this lady sends. $1,000 on back-to-back days. Now, you are supposed to disclose on shake pay if you make transactions above a certain number. And I'm not sure what that number is.

It might be $1,000. It is. And maybe she didn't. I don't know. I don't know. Maybe she didn't. First of all, the fact that you have to is kind of ridiculous. $1,000.

It's not that much money, you know, in the grand scheme of things. So I don't know if this is so much a Bitcoin story as it is a Canadian authoritarian freedom type of story But either way, it does have play on this show And it is something we should discuss Because it shouldn't matter that she was sending something to shake pay To buy Bitcoin supposedly, right? That's not as important as the fact that it was

able to get shut down. Her bank account was able to get shut down for doing something that is certainly not illegal. Yeah. Payments Canada. That's the, so shake pay is a member of payments Canada. Now, and where have shake pay been on this? Like I, I searched around a little bit to see if they've made any statements about this and I haven't seen anything. What can they do? And I don't want to defend them. It's their customer, right? She's a customer. I don't want to defend them in this way because, let's be honest, all they're

trying to do is facilitate transaction. The relationship between herself and the bank, shake piece outside of that. But if her reacting with them is what caused something to flag on the bank's end, then that is something that if I were at the business, I would want to be on that. And I sure as hell wouldn't want any more customers, this happening to more customers, because it's not good for business. Yeah. Maybe they're doing something behind the scenes.

We don't know. Now I'm just wondering, yeah, right, why haven't they said anything publicly? That seems rather strange. But either way, if this isn't a red flag for people out there, I don't know what is. The best thing you should do is learn through somebody else's pain. you don't want to go through this you want to see somebody and i don't want to see anybody else go through this but if they do at the very least learn what happened and try to avoid that from happening to you now what is the best way for this from happening to you obviously going ahead

and still buying bitcoin is going to be you know you can't get around that if you want to stack more bitcoin so you have to still buy bitcoin but when i try to get it is why try to increase your fiat allocation try to minimize that as possible try to increase the amount of sats you have and once you control it you run your own node you broadcast your own transactions you control your own keys not your keys not your coin is very much prevalent especially here because imagine if she had stuff on an exchange they'd fucking probably like being given an order to hold it like who gave them the order how did rbc do that they just not arbitrarly it's it's on them it's it's on rbc that something i don't know that's how i read it

If you read, like, the letter that she posted, she posted a letter that the bank sent you. I'm wondering if somebody above them, this. I don't want to say whom. I'm just trying to say, I'm wondering. Or maybe this individual, this, this person was on some sort of list already. And they were looking for some reason to debank her as some, as a form of punishment, punished, retribution.

Yeah. And I get it. And we, at the CBP, we went through the, the same bullshit before. And I don't want to rehash that because my blood pressure goes up when I do. But my hatred for those institutions, it's still at an all-time eye. It has not gone down since them. And watching this, it just basically keeps it at an all-time high.

So what I'm trying to get at is people learn from other people's pain. If you don't, if you want to be suffering as a result, you know, continually keep your money in the bank, do everything. And everything is great. until one day they say no you're not going to look at it and if you want if you want to know how listening talking to the listeners out there if you want to know how bad it can actually get go on CBP's YouTube page and scroll back a couple of months when tony from the bitcoin way was on with lent and he went he talked for about an hour with len about what happened his

experience that he had in Lebanon not that long ago yeah he was fucking retired Like, he basically had his whole life set up for him in such a way that he wasn't going to be able. He wouldn't have to lift much of a finger to make himself, feed himself, house himself. He had everything set up for him. And then just overnight, the banks, the central bank, they devalued the currency. He wasn't able to get access to his funds. It was not able to get it into USD. It was stuck in, what's the Lebanese currency?

Is it Lebanese lira? I thought it were dollars. Lebanese dollars Lebanese dollars Lebanese yeah he was stuck and he got wrecked yeah

you got to in the Fiat system there are an unlimited amount of back doors for an obscene amount of people to rug you

in any which way right we talk about quantum quantum computers and Bitcoin oh like is it going to be

quantum resistant I'm like guys the Fiat system is way more fragile than the Bitcoin system. Yeah. You want to see how much more fragile it is. When they flood the market, we saw what happened in 2020 and 2021.

And now where people are just pissed off now because everything has gone up. Well, you know, you have way more money floating in the system, chasing the same amount of goods. And obviously the price of the goods are going to go up as a result. This past week, we had 80,000 Bitcoin, $80,000. thousand bitcoin that's a lot that was apparently sold off by an og bitcoiner and galaxy digital was the one that that helped facilitate that trade and what happened with all that the price of bitcoin for the most part was pretty stable like it went down a little bit but you know if you think about it it's nine billion dollars worth of a transaction three years ago when taro luna went

tits up. That was about the same amount of Bitcoin that was released when them and Galaxy, sorry, Voyager and BlockFi and a few other. I can't remember. That was about the same amount of Bitcoin that was released to the market. And the price of Bitcoin tank now, it was kind of a blip or than anything. Like I'm wondering now. Nothing. We're right back to where we were. This was Friday. Yeah, that was Friday, right? I think it got posted. Yeah, Thursday, Friday. And here we We are Monday evening and we're exactly where we were. Incredible. It only went down a couple of percent.

Yeah. So that's why in terms of resiliency of Bitcoin, this is an incredible showcase of what it, like how much people want to buy. If they start flooding the market with Bitcoiners, people out there are just willing to scoop it up. Now, as for who this is, the story is, it's OG Bitcoiner. I don't know if it's true. speculation was in estate sale and as a result of that somebody or the people managing the estate

decided to sell it huh was it tarry imagine i don't know could you imagine you know you go out there you buy bitcoin you hold on to it for a number of years and you croak and then so the keys are passed on to your whoever and they decide you know what i can sell it like come on that That actually makes a lot of sense. I hadn't heard that, but that does make a lot of sense. I had questioned somebody somewhere along the line about why wasn't this done over the counter? If you're somebody that has 80,000 Bitcoin, not even 80, if you have more than 10,000 Bitcoin or even 1,000 Bitcoin, why would you use an exchange?

Why wouldn't you just like use like one of those like, you know? Bisc. I'm not just about Bisk. Can you imagine how long that would taste of Pisk? Auto, yeah, you'd be there for the rest of your life trying to get rid of your Bitcoin. But an OTC transaction

probably makes more sense because that's like, for example, micro strategy, that's where they make your bias, right? Yeah, almost all of the institutions do the OTC transactions, even the, even the ETFs. Like, why wouldn't you give Larry Fink a call and say, hey, hey, Uncle Larry. Yeah, got some corn for you. another theory is it could be Ross that sold this

I heard Roger Vair as well but every time every time something happens at Bitcoin now like a cell it's like oh it's Roger Vair he's yeah for whatever reason because he is he's fucked right like did they extradite him back to the US

they're trying so he's wherever like where is he in the Cayman or something he's in somewhere yeah so he's not okay good luck to him and you know what if he didn't pay what he should have paid i don't know like what's the whole thing like people may say oh like he doesn't headled to it like you know the law is the law you got to deal with it sucks you know but if you're new to bitcoin that's definitely a name that's uh not from this cycle not from last cycle from like

many cycles ago a couple of cycles ago but uh he was a major character in this in the history of Bitcoin. It was even before I got into Bitcoin. I got in just after all this. I started in Q4 2017. Sorry, Q4 2017. And I think April, no, August was when everything took place, right? It could be wrong in August 2017. But I missed it. It's too bad because I would have loved to have got on for a split and get those fucking coins and sold them off because that's basically, you know, free money, but whatever. Great, great stories. for like Bitcoin meetups if there's like some

older guys guys that have been around a long time ask them stories about like Roger Vair and the block size wars and the hard fork those are those are amazing stories in some cases you got to pay 10K to go like do one of these visits to watch Breedlove speak and then you get the

like anybody that's doing that paying I forget what they call those what Breedlove is calling those the art of Alpha I'll art about thank you 10k USD for some of those fucking things do yourself a favor I know it probably a write off and all that but just fucking buy corn instead like you're gonna be way better off fuck giving it for these trips that are meaningless if not just go

somewhere else without giving them a 10k go to Hawaii go wherever to fuck and enjoy it you get better value doing that but but do go to Bitcoin meetups though yeah so you don't have to your local Bitcoin meetup you don't need to spend $10,000 to talk to an online influencer about Bitcoin. What is the next meet up in Ottawa? Not until I get back from vacation. I'm not, I shouldn't say that. Like, I'm not canceling them.

So I think they are probably going to run without me for the next couple of weeks. So I think next Wednesday. But I won't be there when? Like what time? Yeah, 7 o'clock at Big Rig restaurant. That's Chris Phillips's old restaurant. Remember Chris Phillips? Yeah, the defenseman first overall.

Yeah, yeah. He opened up a restaurant here, so we meet up there. Number four. Yeah, we meet there twice a month. So, like, the second Wednesday of every month and the third Sunday. He was no Chara. No. Is that who they got for, is that who they traded for Chara?

No. The thing is, if I recall correctly, they had two players that were going to be turning free agents around the same time, Redden and Chara. They ended up keeping Redden and letting Chara go. signed Redden to a long-term contract. Now, Redden was a good defenseman at the time. But, you know, hindsight, man, Charo was an absolute stud. Yeah. But at the time, you know, Redden seemed like a good choice.

And Redden was like in the community. He, you know, he was a Canadian boy, you know. And that style of defenseman at the time was, you know, stay at home defenseman. No, he was a very good. Redden? Yes. Wasn't Redden more defensive? No, no.

He was able to accumulate lots of points. He was really good. he at the time if you look at he was one of the better defensemen in the league and so was Charra. That's why Ottawa had such a good team that year. They got Charra. I was mistaken there. They got Charra from

trading Alexa Yashin. Yeah. Yeah. Yeah. They got it from the Islanders. Yeah. Yeah. Yeah. Jack Dorsey. Let's talk about him. This past week he announced that merchants that are using Square are going to be

given the option for Bitcoin payments. to the acceptance of Bitcoin. And so paying with Bitcoin, I talk about it all the time on a show. It's great news for those that want to see Bitcoin used as a medium of exchange. But as per this announcement, it seems that there's going to be a limited rollout. And just a few merchants in the moment are going to be able to do this. The plan is to have this rollout to all merchants by next year.

And those who have been approved can enable customers to pay with the Lightning Network and with almost instant settlement and fees costing next to nothing. This could potentially fuck over Visa and MasterCard if merchants offer some sort of incentive to customers for paying in Bitcoin because those Visa MasterCard, they have to charge or they get dealing or do you dealing with an extra one of five, two or one of five, two or one of five, of 4% with the visa master card plus the settlement is days or weeks and so it's a little bit of a hindrance for the merchant itself so if they could offer a two-tiered payment system one for bitcoin that's few percent off versus one for fees or master card which is you know standard rate this could open a door for some people to potentially use bitcoin because there's an incentive to do so but in terms of this i don't see this playing out this is just an idea probably will never fucking fly. The reality is

this feature is going to offering for Bitcoin payment is probably going to be mostly unused. Let's be honest. People right now are in 90 mode. Yeah. Yeah. Well, I don't know. No, I disagree with that. I think there will be some people that

will use it. They're going to be the minority. It's going to be an extreme minority of that. It's more on the merchant side that I hope it's easy for them. Like I hope they just stopped in. It's a simple opt in. I hope it's easy.

I hope the interface is seamless. I hope that it's just a matter of, you know, oh, click, click, and then they can do it. From what I understand with this, what you said is correct. They can, it can be lightning from, you know, sats to sats, and then the merchant will get to hold the sats. But I think there's also an option that the merchant can get dollars right away. So maybe that's good. I mean, all of this is good. I'm happy to hear this.

I wish I would have heard this three years ago. Like this seems a little late, a little late. I wish I were, but better late than never. I know personally, I do quite a bit of shopping at farmers markets. And I've had one. I talk, I have a Bitcoin hat when I go. I kind of talk about Bitcoin a little bit to the farmers and to the merchant. I've had one kind of ask me questions more she actually asked my girlfriend questions

because I go there with my girlfriend and she kind of one day that I wasn't there she asked my girlfriend like oh what about this Bitcoin thing that you know your boyfriend kind of talks about so that's good and she does have a square terminal so I'm hoping that she'll be one of the few that will be able to activate this on her terminal at some point and I can start paying for my sausages uh you know in bitcoin like i i i would like to do that is this a is a montreal bar reference or is there something else no no no no no it's not a montreal bar reference no okay because you know when you're paying for sausages you never know that's twenty twenty four meta man that's that's that's that's that's that's a way hey 25 this is

2025. 2025 is farmer's markets. Actual sausage, actual pork sausage from the farmer. I just hope it's easy. I hope it's not that much of a problem. I'm with you. It's better than credit,

better than credit cards charging merchants 3%. But these merchants also have other options as well. They can accept debit. Having a conversation with a farmer not a couple weeks ago. And they were actually telling us that they prefer debit. to credit like they would rather people pay would interact with their bank card because it's the rationale for that

I think I know what it is cheaper cheaper or cheaper fees right they would actually even prefer this particular farmer would actually prefer that to cash because paying in cash is a pain in the ass once they have too much of it then they have to go submit it in the bank and it becomes a little bit of a problem imagine that it's legal tender

I know I know you've heard this is the whole bullshit of this all where they set up these barriers and now in Canada they're thinking about any transaction over 10K and it could be cumulative like a $7,000 transaction to $4,000 and that's going to be something that could potentially be against the law

man like what the fuck I mean if they pay me in paper or in this case plastic because our bills are plastic here in Canada like it's still legal tender right it doesn't matter if I'm going to spend $20 or $10,000 and $20. It's still the same shit to me I mean it's bullshit that they have this

but whatever it's all the more reason why i Bitcoin and i like to see this yeah we yeah me too like i'm excited i'm really excited for this like i'm actually someone i'm actually so i am that this is actually huge nudes for me this this is something that jock malder should have came out with a fucking years ago yeah right remember he was talking about this at one of those conferences i'm going to not name and still i don't think of any of this has been and that's why you're a legend then that's why i'm not getting angry about those motherfuckers and so you know he did that is a nice feel he speaks a big game but what the fuck did he

deliver with respect to that maybe he did I'm just fucking I have my head buried up my ass but I don't I didn't see it right exactly whatever fucking PayPal so you're not you're not like a medium exchange guy right you were said like he said before it's like people don't want to spend their Bitcoin and you think that

like people are just going to not spend people are in huddle mode for a couple of reasons one they are buying this for right now with the intention of obviously increasing their wealth somehow. And the second is the tax requirements in Canada and the United States. Unless things change, it's an administrative headache.

I want to see that change. That to me is like the biggest thing that could happen to Bitcoin. Strategic Bitcoin Reserve, treasury companies, like, yeah, I don't care. I want to see no capital gains tax on de minimis purchase. just as, you know, whatever that number is. I'd love to see it $1,000, but realistically, we'll be, we'll be lucky to see a couple hundred bucks, like no capital gains on Bitcoin transactions under a couple hundred bucks because I'm the type of person I really like to use my Bitcoin.

Like, I go out of my way wherever I can to exchange it as much as I can. because I truly believe that if this thing is to be what we hope it to be like this you know this revolutionary thing we we need to have it as a medium of exchange and that's what it is it's not only a store value but it's a medium of exchange and I'm guilty of not using it as a medium exchange but you know what I have an excuse I don't leave the fucking basement so you know it's hard for me to pay when I'm stuck here in a basement yeah PayPal you can talk about PayPal because there's some news that happened this past week

and it looks like they're going to be allowing merchants to accept Bitcoin and other things about 100 digital assets in total are going to be allowed for people to transact. You can allow people to pay with PayPal including shit like FAR coin. They're just scraping the bottom of the barrel here. Like neem coins, they're fucking throwing in it anyways.

Initially, they're going to charge merchants a promotional fee of 0.99%, so 1%, on transactions for the first year, and then charge up to 1.5% beyond that. So it seems rather reasonable, but there's a question I have, because as per this article in Fortune, I don't know how truthful this is. It says to settle the transactions, PayPal will let users connect to existing crypto wallets they own to a checkout page.

And depending on a buyer's crypto wallet, PayPal will sell the cryptocurrency on a centralized exchange like Coinbase or a decentralized exchange like Uniswap. The proceeds of the sale will then be converted into PayPal's stablecoin. So we're going from Bitcoin, changed for stablecoin, and then that will be converted yet again to USD. And then the USD will be sent to the merchant. These extra steps, though, there's two of them here. So you're going from Bitcoin, potentially, to PayPal's stablecoin, then to USD. There's got to be some fees in between that PayPal's not going to be eating. It's going to be passed on to the consumer or to Merchant.

Somebody's got to pay for it. My two cents on this is quite simple. I think this is them trying to pump up liquidity on their stable coin. Could be. And they're willing to eat the fees to be able to say that they have this much money worth of transactions happening on their stable coin because they see that there's a what the american administration is going with the stable coin stuff so if they can if they can put their product up with some of the bigger ones and say we have millions of dollars in

transactions on the stable on our on our PayPal stable coin look how great we are they're willing to eat the fees this is a promotional thing but what do they in terms of of the big guys now you have tether yeah i think number one then us dc which is heavily regulated i think is number two and then after that there's a bunch of it's a huge drop like what's the what is pay what are they trying to do with this even they're trying to try to pump their own stable coin i'm wondering what's the end game here is maybe maybe to get other to banks to start using their stable coin right that's what i don't know When I read this article, that was the first thing that came to mind.

It's like this is clearly a promotional. I don't know. It's a stunt. It's a promotional thing to get liquidity, to get volume on their stable coins so that they can say that our stable coin is the third biggest stable coin in the world. I guess. It does absolutely nothing for me to onboard onto PayPal and use it. Okay.

I'm happy to the fact that they're allowing people to pay with Bitcoin, but just extra steps. Let's do away with that. Like, what about just Bitcoin? If the end user wants to keep the Bitcoin, they keep it. Or Bitcoin and then straight to USD. You know, they just don't even deal with this PayPal bullshit. Just go straight to USD and then call it a day. It's pretty clear where this is going, though, right?

Like, you really see that, like, this tokenization thing is not going away. No. This is an early inning. so yeah this is really this uh lany puffo the genius uh act it's they're trying to make with that they're trying to regulate and try to to at least have some sort of framework for utilization of stable coins i can't believe they're doing this is it seems like it there is a element of power that's lost when you're doing that because you're handing off some of the power to these centralized companies either be a tether or uh who's us dc circle

And rather than the central bank or even the SWIFT system being the ones that overseeing everything, now they're having somebody else do it. Like it seems like why pass off this power to them? It just doesn't make sense to me. But you know, there's a lot of things I don't see. We'll see. We'll see what this all means. Like I honestly think that within the next few years, people will be paying, will have the option to pay for their groceries in Apple stock.

where their wallet will be, you know, their, they're on their phone, their payment wallet will be attached to all their financial things and they'll be able to use a fraction of their stock portfolio to be able to pay for daily transactions. I don't know, man. I think we're headed there. I think that that seems where we're going. Yeah. Well, Western Union, let's talk about that company.

I can't believe they're still around because they're trying to find new ways of offering up services to people and they're exploring the option of providing stable coin services. Anybody out there that's bullish on Western Union, the ticker is WU, check it out. Look at the past five years. It looks like the Bitcoin ETH

or ETH of Bitcoin Show, whatever the fuck it is, which is a steady decline. The value of Western Union, just like the value of ETH, comparatively the bitcoin's going down it's gone down quite a bit and they must be shitting themselves because of what happened was the advent of bitcoin and now stable coins so now with this genius act coming out looks like they're saying that you know stable coins could be more mainstream took a look at their website right now if you want to send money abroad for example if

you want to send money to mexico be a two hundred six hundred a thousand dollars to mexico 8 bucks is the fee 8 bucks I can send billions of dollars in Bitcoin around the world It cost me pennies depending on how many UTXOs there are So it's no comparison right now Granted the Bitcoin network is

Not being stuffed with shit It's pretty much It's pretty empty The Benpool But to be honest Western Union is on their way out I can't believe they're still around this is one company

if I wanted to get into Fiat I'd fucking short them This really feels like Blockbuster starting their own streams Right Oh you can watch Blockbuster Online How's that gonna go Did it wasn't the story

That Netflix approached them Yep Yeah Yeah 700 million dollars or something I don't know exactly what the number was and they said no. There's still one blockbuster still around.

I believe it's in the state of New Jersey. It could be wrong, but there's one last holdout. Isn't it Michigan? Maybe Michigan? There's like a little documentary on it on YouTube. That was really good. I watched it a couple of years ago. It's a really interesting little, you know, half-hour documentary.

Yeah. Well, it's a throwback. And sometimes every once in a while, I'm going on to the weeds here. Every once in a while, you'll see somebody post an X or Twitter, like an old store, an abandoned store. You can still see the outline, the silhouette of the Blockbuster logo. And you can just tell it was Blockbuster the way it is. Those are days long gone, man, going through the Ziles trying to find something to rent for the weekend and the late fees.

Don't forget to rewind if you had a VHS. Remember that? You had to fucking rewind those things. Yeah. Be kind. Be kind and rewind, right? Remember, like, renting Super Nintendo games? and just like you have the wall

and you'd be there like an hour. It took me like sometimes an hour to choose which game I'm going to rent for the next day. Yeah, those were the days. Now you just get an emulator. I can get any game you want. All right. Last story on the Bitcoin side.

Redemption of Bitcoin from ETFs could potentially be a reality in a not too distant future. Five major ETF issuers. ARC-21, Fidelity, Invesco, Van Eck, Wisdomtree. All of them submitted some amendments to the SEC, and it's aiming to permit investors to exchange Bitcoin directly for ETF shares. So right now, you could do that with gold, with a gold ETF, but you have to have a

fuckload of shares. And it's not everybody could do it. It's got to be some authorized participant. I expect the exact same thing apply to this with Bitcoin. You'll probably have to have a fuckload of shares in these ETFs. And it's not for everybody to redeem. It's got to be probably these select few that are admitted in these walled gardens, that they're able to fucking redeem it.

Like this is something that's interesting, but there's no value here. His people like us that if we do want to buy one of these Bitcoin ETF, will we will not be able to take advantage of the redemption of bitcoin period it's always going to be in the end it's going to be the whenever we decide to sell will only be the fiat value that's it you never get bitcoin you'll have to somehow exchange that fiat to bitcoin if that's your intention but it will never be done directly through there it's up to you to do it so this is still good news though this is still good this is things moving in the right direction. I would rather better this than them coming out and saying that like, yeah, it's going to be

absolutely impossible for anyone to ever be able to redeem Bitcoin ETFs for actual Bitcoin. So while I'm in 100% agreement with you, I don't know what the threshold is going to be, but it's probably going to be ridiculously high. I am glad that this is at least being discussed, and I do think it's a positive thing. yeah i guess in terms of the impact still paper bitcoin it's still paper bitcoin right it is yeah it's paper bitcoin summerland don't you know yeah who is a palmer was saying that yeah was greaser or palmer yeah i get those two confused either way well boomer that's it for the bitcoin side of things hope you enjoyed this segment of the show we'll be transitioning

to the rest of the stories in just a moment so if you're watching us don't do anything just continually watch us. If you're listening, this show will be coming on. The next show will be coming out for you tomorrow. Any last words, Boomer? Don't be a cuck. I agree with you. Don't be a cuck.