The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Canada's $195B Pension Just FRONT-RAN Ottawa and Bought Bitcoin | CBP 263 Pt 1

Episode Date: May 5, 2026

Canada's $195B Alberta pension fund (AIMCo) just made its first-ever Bitcoin allocation — buying $219 million of Michael Saylor's Strategy (MSTR) the same week Ottawa announced a nationwide ...ban on Bitcoin ATMs. We break down the AIMCofiling, the Stephen Harper board angle, the political collision course with Carney's federal Liberals, and what this means for every Canadian Bitcoiner.In this episode of the Canadian Bitcoiners Podcast:The full AIMCo $219M MSTR disclosure and what's actually in the filingWhy this is the FIRST Canadian provincial Bitcoin allocation on recordStephen Harper's role as AIMCo board chair and what changed at the fundThe Ottawa Bitcoin ATM ban announcement and the timing ironyCarney's Spring Economic Update (page 58: airport privatization buried inside)Saylor / Strategy / MSTR market structure update (BlackRock surpassed)Litecoin MWEB exploit, Bisq v1 exploit, Tether's BTC faucet, Luxor + MicroBTBrampton mortgage delinquency, 1-in-10 Canadians below poverty lineCSIS report on rising youth radicalization in CanadaWebsite: https://canadianbitcoiners.comSubscribe & turn on notificationsThe Bitcoin thesis isn't theoretical anymore. A sovereign-scale Canadian pension manager just placed a public bet that says the smart money is out of fiat duration risk and into the hardest asset on earth.Canadian Bitcoiners Podcast————————————————————————————————SPONSORS■ easyDNS — Canadian-owned, ICANN-accredited registrar that has accepted Bitcoin since 2013. Domains, DNS, email, hosting, all without selling you out. Use promo code CBP Media for 50% off your first purchase, no limits.→ https://easydns.com■ Bull Bitcoin — Canada's non-custodial, Bitcoin-only exchange. Founded 2013 in Montreal. They never hold your keys;you self-custody from day one. CBP listeners get 25% off fees for life.→ https://app.bullbitcoin.com/registrat...■ 256 Heat — Hashrate heaters: Bitcoin miners purpose-built to heat a space. Every watt of electricity becomes heat AND hashrate, so you're warming your space and stacking sats at the same time. Custom solutions available. Tell them CBPsent you for a discount.→ https://256heat.com■ Bitcoin Mentor — One-on-one coaching to take you from 'I bought some Bitcoin' to true self-sovereign ownership. Wallets, keys, collaborative custody, inheritance planning, node setup, the whole stack. 30 day money-back guarantee on everypackage.→ https://btcmentor.io/aff/joey————————————————————————————————FOLLOW THE SHOWCanadian Bitcoiners Podcast — Weekly Pack — May 4, 2026 Page 16■■ CBP — https://x.com/CanadianBTCPod■ Joey — https://x.com/joeytweeets■ Len — https://x.com/thebtcpricebot————————————————————————————————#Bitcoin #CanadianBitcoiners #Saylor #Strategy #MSTR #Alberta #AIMCo #Canada #Pension #BitcoinCanada #FINTRAC

Transcript
Discussion (0)
Starting point is 00:00:00 Friends and enemies tonight, Daniel Smith and all our friends in Alberta buying MSTR. You're very distant. Oh, no, it's my mic. Very distant, Joey. Friends. There you are. Daniel Smith and Alberta buying $200, $200 million, you should save MSTR. Our prime minister overseas, talking about joining the European Union and many other things of note happening in the
Starting point is 00:00:30 the north. We'll talk about all that tonight. Amore. My name's Joey. That's Len. This is Guinea Bitcoin's podcast. We'll be right back. And so, you know, the government can say whatever they want about this thing not competing. It's for black market only. It's for this for that. But they're really treating it 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.
Starting point is 00:01:00 Indian Bitcoiners podcast. Friends and enemies, welcome to the CBP. Wanna 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 the slop. Show to our guy, D's laughs for the intro.
Starting point is 00:01:16 Are you hyped on the MSTR news? You're not, obviously. But I'm curious to hear what your thoughts are. Anyways, I like it. I mean, I'm pro MSTR generally for people who don't have Bitcoin. We've talked about why. why I think it's an okay thing for certain organizations, a certain organizational structures.
Starting point is 00:01:36 You did hear yourself speak just literally 30 seconds ago, right? Yeah. Okay. It's not the best. It's not the best, but it's good. I know, I'm doing the intro every week. In the intro, I say the opposite of what I say on the show. Anyway, what's going on?
Starting point is 00:01:50 Good to see you, buddy. How are you? Good, man. I'm good. It's finally the sun is shining. Love it. Yeah. How are things?
Starting point is 00:01:57 Great. I just finished up Bitcast, Outstanding show. I'm looking forward to talking to you about some Canadian stuff and some other stuff going on, obviously. But first, as always, the sponsors. Easy DNS. Best place for you to do any domain hosting, registrar-related work. Mark is our guy. Mark is a front of the show.
Starting point is 00:02:16 Mark could be your guy, too, if you use EasyDNS. In addition to all the basics, Mark will also make sure your stuff is protected from nefarious actors. What do I mean by that? You see the stories every week, people getting hacked, getting pumped, getting poned, password leaks, email leaks, address leaks, wrench attacks, you name it. EasyNS, not a concern. Easy mail, domain sure, a couple extra dollars. Corporate level security for retail prices.
Starting point is 00:02:43 You can't beat that. And of course, if you want Len, you can pay in Bitcoin or cash, whatever you prefer. Go to the website, easydns.com. Use the promo code CBP Media. 50% off your first round of buys. No limits. No issues. Start your business, man.
Starting point is 00:02:59 Start your website. you start your podcast self-pictions your feet whatever easy dns has got your back paying in bitcoin that's a really good idea that's what you could also do with bold bitcoin because you could pay your bills using them right they're not just simply an exchange where you could buy and sell bitcoin because a lot of people want to buy a bitcoin the prices going up and so it is the excitement level of bitcoin people want to get in but then people want to sell bitcoin and want to exchange it for a fiat currency whatever to jam you could do that with bold bitcoin but you could pay bills with it right The price of Bitcoin is
Starting point is 00:03:28 slightly over $80,000 according to my block clock. Maybe you want to pay your mortgage bill, your credit card bill, a card bill, whatever it is. You do just Bitcoin to do that all with full Bitcoin. They're expanding in a bunch of different countries. Latin America is the last expansion from what I recall.
Starting point is 00:03:44 Is it Argentina? Yeah. Argentina. Yeah. They're available a lot of different places. Western Europe, North America, Canada, Mexico, and Latin America as well. So check them out. If you haven't yet open an account, Do so because if you use our code,
Starting point is 00:03:58 all your buys and sales will be cheaper forever. And furthermore, their services are not getting banned from Canada like others are. No comment on that. It is. I mean, we will comment on that tonight, but I don't have a comment on it during the sponsor section.
Starting point is 00:04:16 Housekeeping, then, Boos. This week on the 7th, I will be doing the Your Life Returns podcast. So look out for that. Next week, I'll be talking to Mike Tanguma from OnRamp, who is taking shots at STRC and then also next week on Friday I will be on money talks with Mike Campbell so look out for that I think I'm the I think I'm the feature interview that week so it'll probably be 20
Starting point is 00:04:37 minutes of me trying to defend trying to defend our asset of choice here as everything else is at an all-time high and we're you know what it'll be 30 40% off the highest doesn't matter freedom go up I'll be talking about all the stuff that that should matter besides uh besides the price so looking forward to that any boosts what do you think what do we got single boost came in 2,500 sats from Hammertown OG. Man, you have to meet him one day. If he's a local boy to you. Yeah, we should do a meetup at the Collins in Dundas here.
Starting point is 00:05:07 Me and D did one one time. Just on a whim, tweeted it out and got about 10 people, I think, which was a lot of fun. So maybe we'll do it again. Well, he says, for 2,500 sats, thank you very much. He's at spending my sats to support the CBP to prevent my money from ending up in the sovereign debt fund. And keep up the great work fellows.
Starting point is 00:05:26 well, let's be honest. They're not using surplus money. Pierre Poliev was talking about this quite a bit, that this is simply just a credit card thing. It's like a debt. He's correct. He's correct. 100%.
Starting point is 00:05:38 Somehow, however, they're going to be raising the money through issuing a bonds or whatever the fuck they do, they have to beat that. So if they're lending it out, I don't know, I'm throwing out a number here because I don't know much of a fiat, say a 3%. They got to beat 3%. in order to stay afloat.
Starting point is 00:05:57 So if whatever they're investing in beats the 3% that they're borrowing at, then they're okay, I guess. But still, you're wrecking the currency as a result. 25 billion is not small. Well, you know what? That's the equivalent amount that has been given to Ukraine. That's right. I was just about to say it's small,
Starting point is 00:06:13 but it's relatively even with what the Z-Man is getting, the Sovereign wealth fund over in you're up there. He's doing okay. He's doing okay. Joey, you didn't participate in a, a 94 tournament. It was the big one in Toronto this past weekend in free play.
Starting point is 00:06:30 It looks good. It was fantastic, Joey. You missed out on a heck of... What was your record? Curious people need to know. How'd you do? So in the round robin, I went 6 and 0. No longer
Starting point is 00:06:41 I'm going to be an underdog. They now know what I'm all about. Then I went to in a fucking just a tear until I went up against the best player in a world, Joey. The best player in the world. This guy never loses a game. He was there in the flesh? He's always there.
Starting point is 00:06:55 There. I was one win away from the money and I lost to him two games. It was the best of the three. First game I got mercy. The second game lost by a goal. It's three three and a third. Fuck, I could have got it. I could have got a game. How many people huddle around your CRT during the three three game? It must have been 15 to 20. Love it. I love it. Chearing the chanting my name was on it's on the stream. You can check it out. People I was the I was the I was the, I was the, not the heel that time. I was the face and it was fun to do it. Joey, man. So much fun. I got. got so close to tying it, maybe beating that, I mean, I had it tied in the third. And who knows, what would have happened? And, yeah, only one person has gotten in this tournament as close as I did with getting a win off in. You told me about this guy. I can't remember if it was on air or off air, that this guy was like, there's elite and then there's this guy. He's all world, this guy. Yeah.
Starting point is 00:07:48 So he, in 16 matches yesterday or on Saturday, mercy 10 of those matches. one was against me mercy's what three goals four goals what six six plus six plus the game's only like ten minutes real time right they are 10 minutes and he gets yeah within the second period he merced me in the first game and the second one man fuck it was just close and you know what damn it next time let's see if i could take them out i i think i you know i can't say for sure but fuck man i was so close to getting into money and then that would have been that would have been nice to walk it with something And, yeah, it is what it is. It's all about the friends you make it along the way, right?
Starting point is 00:08:27 Oh, man, there was a lot of people. There was 50 to 60 people in the tournament. The clips, so we should say, we don't often say this on the show, and we've grown the channel by, like, a significant amount the last, like, you know, six months. So first to call up just, Jason's asking, it was Hartford, Washington, Hartford, New Jersey. The teams you use, yeah.
Starting point is 00:08:46 And the second game, he called Buffalo, Chicago. Then I use Chicago. He was Buffalo in a road. And fuck. Man, oh, man. it was Chicago's got Belfour
Starting point is 00:08:56 Chelios Ronic Larmer Murphy Smith Good team They got very solid And at home too Because they get the home ice boost They're as good as they get But McGilney with him
Starting point is 00:09:09 Yeah man There's no touching He was on the whalers right? Yeah No McGilley was on Buffalo Buffalo Sorry the Sabres Yeah yeah
Starting point is 00:09:17 Yeah The Leafs This guy angry Jay You give him A six-speed guy like Bill Gilney, Burrey, Solani. Yeah, it's a lights up. I was thinking about you on the weekend because I was watching, not watching,
Starting point is 00:09:30 but I had it on the background, the Digital Foundry retro video game show. I love Digital Foundry. I subscribe. Like, I'm a Patreon of theirs. I'm not a Patreon of anyone, but I give them, I think, like seven or eight bucks a month, whatever it is.
Starting point is 00:09:42 And they were talking about some of the best looking PS2 games near the middle of the generation. and NHL 2002, I think, came up, 2002 or 2003, every guy on the stream going, yeah, you know what, but it's no 94. Everyone knows 94 truly is like the best hockey game in the video game community ever made. They fucked up.
Starting point is 00:10:05 EA fucked up. Only one hockey game in the EA franchise. They sold more hockey than Madden. And it was 94. They all sold Madden. And then 95, they switched the engine and it went downhill. ever since never recovered. That's crazy.
Starting point is 00:10:21 That's crazy. I love it. Because 94 was that the 92 came out or NHL hockey came out. It was great. 93 improved on it. 94 improved on it. And then they switched the engine. And that was it.
Starting point is 00:10:31 So yeah, 94, for whatever reason, the B-all and Endolf, 25 years later, 24 years later, still. All-timer. All-timer. I'm a, personally, I'm a Blades of Steel or ice hockey guy myself. They had an N-E-S ice hockey tournament on Friday. Nice. The NBA Jam tournament edition.
Starting point is 00:10:48 NBA Jam, TE. is nuts. There's one guy that wins every year. Who's he used? Who's he used? I have no idea. But he beats everybody. Then he did Ken Griffey baseball and I don't know what the other tournament game that they played. I almost bought
Starting point is 00:11:04 an NBA tournament edition arcade cabinet a little while ago. The thing is they're kind of hard to maintain. So I think what I might do is maybe just get one of these like new age ones that's a little easier to update and if you have a problem. with like one of the parts or whatever,
Starting point is 00:11:20 you can just kind of replace it yourself. The older cabinets are about $1,500. Oh. But man, are they nice. They are so nice. You got to do the tournament edition, NBA Jam,
Starting point is 00:11:30 and just see how these guys. I think it's on the Sega Genesis. I could be wrong. I got to watch. I got to watch. I love that game. I could name probably most of the guys in the most rosters. Anyways,
Starting point is 00:11:40 this is a Bitcoin show. I can talk about this shit. When I do the AB thumbnail for the show, I'll have to put one in for NBA Jam and NHL 94. We'll see if we can get some views. Cast a wide net. We'll just be fishing for views. Let's start with our guys in Alberta.
Starting point is 00:11:55 This is a pseudo-Bitcoin story. So maybe as we'll talk about it. You just have to slip that in, eh, pseudo. It's not to direct. There's a dotted line here. It was reported that the Alberta Pension Fund, their plan, they are going to be allocating $219 million Canadian dollars to MSTR. Now, these guys, gals, and whatever else they are,
Starting point is 00:12:15 They handled $195 billion under their watch. So it's a decent amount, but $219 million, obviously, is just a fraction of everything. But this talk, they must have been enamored by Seder when he was talking about the ecosystems of Solana, Ethereum, DFI, and all that interest that is driving shit over to Bitcoin. They must have seen us, yeah, we've got to get in, man. like we are right anyways the overlap between
Starting point is 00:12:48 the Bitcoin and shit coins uh man oh man there isn't any but back to the pension plan just keep in mind remember not too long ago through the history of this show we had a Quebec pension plan
Starting point is 00:13:04 invests millions in Celsius and ditto with the Ontario teacher's pension plan investing quite a bit in FTX So third time of charm, we'll see. Hopefully these guys don't suffer the same fate that those did. And, you know, if they, the other two I mentioned just bought Bitcoin instead of dealing with these derivatives of or something that's, you know, dotted line towards Bitcoin, they'd be a much better shape. But I understand there's compliance, there's reporting, there's shit like that.
Starting point is 00:13:34 But still, I could poke a jab at what was done in the past and what they should have done. I could do my armchair quarterbacking here. And this could be potentially the beginning of a lot more exposure for the Alberta pension plan to be indirectly exposed to Bitcoin. I think moving forward is a possibility because a portion of the money that is being managed by the pension, it comes from the Alberta Heritage Trust Fund. Yes, sir. Yeah. And they say they're trying to diversify. away from the petro dollar.
Starting point is 00:14:11 Okay, so you don't want to deal with the petrol dollar. You want to get into something else. So one way to get exposure, aside from just simply AI, which is the darling these days, maybe get exposure to the price of Bitcoin, which MSTR certainly provides them. And there is also an increasing overlap between Alberta Energy and their energy producers and Bitcoin miners. And they have excess energy that they're using Steve Barber is there with upstream data. Steve is there. Bull Bitcoin is there.
Starting point is 00:14:45 Like there's a separatist spirit there. The Bitcoin rodeo is there. Dave Bradley, second most handsome Bitcoiner is there. Yeah, there's an overlap, right? I mean, I could see that, you know, maybe there's. Just say the words. Top of funnel. Top of funnel.
Starting point is 00:15:04 By doing stuff like this, you're not. directly investing in Bitcoin, but you're also not indirectly divesting away from oil and natural gas. You're still kind of keeping that, right? So it's kind of checking a lot of boxes, pissing off a lot of people, but also making a lot of people happy at the same time. So, you know, it's maybe a bit of a stretch from what I'm thinking, but give me a fucking break here. It's been cold. I haven't played a lot of tennis and golf, so I need a fucking break, right? So give me something. But for those that are wondering, you know, myself included, why not buy Bitcoin direct. I think that's the easiest thing, right? And the argument holds true,
Starting point is 00:15:40 but you know what, at least they're doing this. It's tied to the price, tied to the hip to the price of Bitcoin. Obviously, there's some risk alongside getting MSTR versus Bitcoin, but you know what? That's the risk. It looks like they're willing to take. And if that's the case, good luck to them. I love this. I think, you know, we, we often sort of get lost in the in the weeds and the machinations of like why they don't buy spot and holding spot and organizational structures. Let's duck that this week. I think you're correct in that this is a much different animal than other pensions
Starting point is 00:16:14 buying Bitcoin. Or even then like the Quebec pension buying shit coins in 2022. The reason it's different. I think it's clear and it's well articulated by you, you know, what you described earlier. This is a different beast. in terms of what its benefits could be if they really get smart and start embracing Bitcoin as an asset class as opposed to just buying MSTR in their pension. The energy angle is obvious.
Starting point is 00:16:49 Steve Barber has been out there for years talking about this, and I think some companies are already doing behind the meter mining, if I remember correctly, it's been a long time since I thought about this topic, but I believe that that is the case. So you have that. You have the separatist spirit out there now where there's going to be a lot of support for anything that looks and smells like sovereignty. I saw a stat today that 10% of the total population of Alberta has signed that we need to have a referendum petition. That is an enormous number. So you have those two things going on. Then if you talk about just sort of like the Bitcoin price and maybe momentum coming, this is. not financial advice, of course, but rather a prediction or a guess at where the price is going. It feels to me like we're about to head into territory where we test all-time highs again over the next eight, nine, ten months. If they get lucky and reap the benefits of the high beta Bitcoin trade via MSTR, man, Len, you know, like I think you'd have to,
Starting point is 00:17:57 you know what, you know what would be interesting to me? If PolyEv, in an attempt to regain the popularity with separatists, started talking about Bitcoin again, at all-time highs, MSTR in the pension, Albertan suddenly thinking about this stuff, it would be interesting to me. Someone in the chat noting that Stephen Harper is also on the board of AIMCO,
Starting point is 00:18:18 which is the manager for the pension out there, the pension name, the, there's a word for letters that are representative of other words. Anyway, I forget what it is off top of my head. So you have all these things working, working in unison, whether I agree or disagree with them buying this over spot, I'm with you. Of course, spot is better.
Starting point is 00:18:37 But can you think of a better time to be doing this than right now if you're the Alberta pension plan? Two months ago. Sure. Yeah. Yeah. But it's a pretty good spot, right? And we didn't even mention really the sort of spin and refocus that's happening right now
Starting point is 00:18:57 around energy independence, right? which Alberta obviously is going to play a huge role in for the country. They just announced a pipeline, I think a coastal pipeline through Alberta, or they're going to try to anyway, expand the Ambridge pipeline. Man, like, you got to like this stuff. You got to like this. Alberta, although Daniel Smith does not get the press and the WEF event invites and the podcast invitations
Starting point is 00:19:25 and the video production that Carney gets, I think there's a real case to be made here that over the next 12 months, if this goes right and the Bitcoin price accelerates and we start testing highs, we get some more friendly policy around energy in Canada. Daniel Smith is going to be the one driving economic growth in Canada and economic policy in Canada more than Mark Carney. And I don't know if that's by design or not. That's a totally different question. Some people say that it is and that Carney is the guy. who can unlock that for us. Maybe, maybe not.
Starting point is 00:20:01 I don't know. But this is very, very interesting stuff going on now. I really like this story. Really, really like it. I can't stress that now. They're not huddlers forever. It makes no sense to huddle anything forever if you're a pension plan. You're going to eventually sell whatever you buy because you need the money and
Starting point is 00:20:20 invest hopefully the gains into something else. So if they make a tidy profit or they make a great amount of profit from this, Does it just open their eyes to this type of exposure to Bitcoin and say this is hard to say. You know, don't forget you're in the same. Yeah, you're in a position now where the asset, the underlying asset is becoming more and more useful and has more and more function in the financial system, right? So who knows what the future holds for these guys if they decide to buy Bitcoin next time? Or even if they buy MSTR next time. I don't know what the MSTR functionality is going to look like in a year or two years.
Starting point is 00:20:58 at MSTR 1000 Bitcoin 250K What are the options available to them as holders of that That equity or holders of that asset I don't know no one knows But they're greater than they are today for sure I wish them luck I hope that they don't suffer the same fate as the other companies I mentioned Celsius and block by
Starting point is 00:21:19 Yeah, still you always there's an element of risk When you're dealing with a publicly traded company And not to say that this is going to happen to MSTR. But at the time when the Ontario teacher's pension plan bought FTX and Celsius bought it into Celsius... Seemed like a no-brainer then too.
Starting point is 00:21:38 Right. You know, now we could say signs were there and everything, but... It didn't seem like a no-brainer for us, but for them, you know, they obviously saw it as a no-brainer. Even me, I couldn't say it was a terrible decision.
Starting point is 00:21:52 Everything with FTCS looked like it was going up. It certainly, now after getting all the data, It was a house of cards ready at the fall. But from what information I had the time, it seemed like a pretty good investment on their part. Obviously, it wasn't. But I always stressed going back to just buying Bitcoin. And I get it.
Starting point is 00:22:10 There may be some hurdles here that they have to be jumped, maybe some impossible hurdles to jump. But I'm still going to pound that wardrum to say that they should do it. Because if there are impossible hurdles, let's see if we could change them so that they're no longer hurdles. And it's just an availability. They're in a position to do that, by the way. They can actually buy spot.
Starting point is 00:22:27 Well, they're in a position to change those regulatory requirements. I think more than like an endowment would be for sure. So, you know, and don't forget in Canada, probably the rules are, I would guess, line a little more fluid. You know, if you're a bunch of morons. If they didn't do it, then, you know what? Different story. They could fucking get wrecked here. But I just want to double back to the Poliiv separatist stuff there, Joey.
Starting point is 00:22:50 I can't. I mean, I know that's more of a political side, but I cannot see how he can. and get in bed with the Alberta separatist and still maintain a federalist type to keep the conservatives of federalists. I don't know. I don't know. It's a very challenging position for him to be in.
Starting point is 00:23:12 Thankfully, I'm not in it. You know what? I'd fuck it up if I were. I can tell you right now. You're not to say I'm better qualified than anybody else. I'd fuck it up royally. That's why I'm not there. But let's move on unless you want to talk one more.
Starting point is 00:23:26 No. Let's talk about the Canada. It looks like they're going to be going ahead and banning Bitcoin and shit coin ATMs. And this is all from the latest budget updates, the economic update that came out last week. And the purpose of this move, obviously they're saying, well, they want to protect people due to scams, fraud, and money laundering. You know, it's the same old stuff. And the second thing is it looks like it's a move. they're also going to be going after people or businesses that are doing money service business
Starting point is 00:24:01 type activities. That's a little scary because if you read between the lines, maybe mixing services could fall under that. Exchanges who use mixing services. Yeah. They don't want to go there. Yeah, absolutely. And so that could be something that could be coming to an end in Canada if they decide
Starting point is 00:24:18 to push this. At least maybe not an end, you'll be doing stuff against the law if you do decide to do it. I would never suggest doing that, by the way. always followed a lot. For anybody wondering, its estimates show that between 45 billion and 113 billion is laundered in Canada annually through traditional means. So if you're using cash, credit card, shit like that,
Starting point is 00:24:41 between 45 and 113 billion is laundered in Canada annually. That's a heck of a lot. If you look at the amount that is done through what they say, cryptocurrency through illegal. I just want to, I just, I got to jump in. I got to jump in because does this count, you know, the amount of money that we give to immigrants that they send overseas to, you know, as remittances? Does it count as far as like welfare and ODSP scams?
Starting point is 00:25:12 Does it like, it doesn't count anything that's actually moving the needle. It just counts stuff that increases the level of freedom people could potentially have. It's fucking embarrassing. the ones that are low-hanging fruit. Of course. Buying, if it's using or getting cash from the sales of guns or drugs, and then you're using that, you know, then through cash, then that's what's being captured in this.
Starting point is 00:25:36 So correct, it's not in totality. But I think what you're mentioning there, it's not going to be a heck of a lot, but it's still, they should capture it. They just add it to the overall thing. But what I'm trying to get at is we're talking like $100 plus billion dollars is being laundered in Canada through traditional means. That's a lot.
Starting point is 00:25:57 You know, Canada rakes in, what, $500 billion annually through taxation. That's what Canada. Tax sheets. 100 billion is like one fifth of that. Do you believe that number? I don't know. I mean, I've talked about this many times
Starting point is 00:26:16 people using homes for laundering money and that stuff, I'm pretty sure, never gets captured. Nobody cares. And that stuff is washed clean once it's sold. You get a house, you got some cash in the side. I don't care how you got it. I mean, this is hypothetical. Fixed a roof.
Starting point is 00:26:34 You expand in the house, new driveway, new bathroom. Sell the house. It's now 13% valuable, more valuable than what you bought it. That money gets now washed. It's fucking clean. The bank's washed it for you. Whatever. What I'm trying to get at is the amount of fraud that's going on within the realm of Bitcoin,
Starting point is 00:26:56 not only in terms of total amount of money. Drop in the bucket. But even by percentage, by percentage, you're saying 1.2 to 1.3 in all of the transactions are done, are linked through illicit activity. But they say 2 to 5% of global GDP is laundered through traditional systems. So it's double. More than double in some cases, depending on how you look at it. So there's more money by whole numbers that's being done laundered through traditional money. And there's also by percentage, there's more done through traditional means.
Starting point is 00:27:35 Yet this is the stuff they're going after. I feel bad for people who want to use this, but this is now putting a mark on your back. If you do want to use it, if you're offering a service, you're trying to talk about it and trying to push it. It's bullshit. but this is the world we live in. The ATMs thing is probably the biggest story here, right? Bitcoin Well is a strictly, I mean, I shouldn't say strictly they have an online platform now. I think they do.
Starting point is 00:28:03 That's the majority. Yeah, but the thing is. They're in the United States and they don't have ATM businesses in this. I'm fine. I'm fine with them saying that they're a majority online service. But I think that if you, if you look at their marketing, I'm going to choose my words very carefully here. I think if you look at what their value proposition is to you as a consumer,
Starting point is 00:28:29 they always, always, always make a significant effort to mention the ATMs. The ATMs are a place where you can buy KYC-free Bitcoin. There was a push from their team. Again, like I like the Bitcoin well, guys. I have nothing personal against them. But there was a push from their team when Bull Bitcoin lost the Canada Post thing to say to people, this is where you should be buying now because they have the ATMs. And it's the best way to get private Bitcoin, get KYC free Bitcoin, blah, blah, blah, blah, all this stuff.
Starting point is 00:29:05 Bitcoin ATMs have a function, I think, that goes beyond just private transactions. It's for people who, you know, aren't necessarily where we're hiding their Bitcoin, but they don't want to give their ID to government services or give their ID to exchange is or doing any of that stuff. I think that's a fair, a fair criticism of those other services. But the idea that, you know, this country is going the direction of banning these things, I think we're at the point now in Bitcoin's life cycle where any competent commentator will view this as a, you know, the soft whimper of a losing animal, right? A dying animal. as opposed to, you know, a fear-inducing roar.
Starting point is 00:29:50 Like, feel my power. I will ban your business from operating in Canada. I don't think a lot of people feel this way now. The problem that I would point to, and, you know, we've talked about it in the bold Bitcoin chat. We've talked about it on Twitter. And I think everyone knows this to be the case. And it's mentioned as well in the financial,
Starting point is 00:30:12 what do you call that thing? The budget update or whatever, the spring financial. projection. It's the update, the economic update. So whatever they call it. They make mention that, again, the problem is not necessarily that it's people hiding money. What is the rationale they used? Do you know? I mentioned it. It's for protecting people. Scams. Or scams, money laundering and stuff like that. So, you know, again, like, I hate to point at the boomers again, but. Fraud. I missed the other one. Fraud was the people who are being, yeah, the people who are being defrauded are boomers.
Starting point is 00:30:47 And you see this over and over again. We cover these stories on the show every week. It's not just me making it up or me having a slant against the elderly. My parents are both elderly and I love them very much. And many of your parents are the same. I'm sure, you know, if you're an 80s or 90s baby like I am. But, you know, I can't keep losing functionality, losing freedom, losing anonymity, you know, having to sign on to the internet, having to,
Starting point is 00:31:14 to show my ID at every Bitcoin transaction. I can't keep doing this for the boomers. The problem is the boomers don't care. They don't vote with this in mind. And ultimately, they're just useful idiots for this sort of regime policy change that really will have an effect on a lot of people. I know people that I've met through the show
Starting point is 00:31:32 who have never purchased KYC Bitcoin. Do you know that? Never. I would imagine, and I applaud them for doing so. imagine doing that for just the day one and means it's getting harder right like like i don't know if we have this in the the show notes with the bisque yeah we can talk about bisque and next so you have so you have these like you know services that were quote unquote secure p to p whatever like you're at risk bitcoin ATMs are one of the only sort of last bastions of freedom of acquisition for bitcoin and now they're being targeted by the government who by the way sends money
Starting point is 00:32:12 overseas for, you know, feminist painters in fucking some African jungle, you know, who are gluing rice to pieces of cardboard and calling it art, like, you know, to the tune of $11 million a year or whatever the fuck or LGBTQ, two spirit, three spirit, whatever the fuck on some other continent, unlimited amount of money for that. No one cares to ask about where that money goes. if you want to talk about money laundering or money that was ill spent or ill gotten, I think, is a fair criticism or fair characterization of this. How about the reserves?
Starting point is 00:32:46 Reserves also getting tons of money over the years for all sorts of bullshit. They've never produced any results. Schools these days, same shit. You're getting tons of money for different programs, whether it's the breakfast program or teachers or special aids or whatever. Schools producing worse results than ever before. You want to talk about immigrants getting tons of money, tons of funding, tons of support. It's all bullshit. They don't produce 10 years, 20 years down the road.
Starting point is 00:33:11 They're all net drains on society. I can keep going down the list. But this is where they want to plant their flag. It tells you everything you need to know about where you sit, listener, viewer, in terms of the eyes of the regime, right? And it's not just a liberal government. It's not just Mark Carney. It's not just, this would happen no matter who is in power because these guys aren't pulling the levers, man. They're just puppets. Yeah, why not go after gift cards? Because gift cards are another one. Whatever. People, that's something that scammers use.
Starting point is 00:33:39 They tell people out there, go out, get the gift card for Apple or for whatever, and then send the information over, and you're up to date with your bills for De407 ETR or for the CRA or IRS or whoever. So why not go after that? You know what? Too hard.
Starting point is 00:33:56 Too hard. Not too hard. It's just, no, you know what I mean? Like, that's what they'll say. It's too hard to do. This is easier. And like, you know, the frustrating thing is a Bitcoin.
Starting point is 00:34:06 is that when I think about why I buy Bitcoin, what am I really buying it for? I'm not buying it to like hide money. I'm buying it because I look at the value of the currency decreasing. I look at my purchasing power decreasing. These guys refuse to change their behavior in terms of deficit spending. We'll talk about the sovereign wealth fund. Like, why should I buy anything else? Why should I buy anything else? Every time these guys put a policy out, whether it's the sovereign wealth fund or the TFSA, the RRSP, the RESP, whatever. It's like lock, lock, lock, lock. And I know some of you guys disagree with me in the comments last week.
Starting point is 00:34:39 I don't have time to reply to everybody. But no matter how good you think the TFSA is, okay, it's it's locked money. No matter how much. A huge discussion in Discord about. Of course, because that rattles, that raffles a lot of feathers. Like if you, if you can't sell your TFSA tax free if you leave, that is. No, it's one person said it the absolute best. Yeah.
Starting point is 00:35:01 There's outside. Show to the disqual. I don't spend enough time in there. I don't spend enough time in there. But it's always a commentary. And my apologies for not referencing whoever said this. But he was saying there's outside IUs and there's inside IOUs. But in the end, it's an IOU.
Starting point is 00:35:17 And it works until it doesn't. Because that's really what it is. It's an IOU. Yeah. Right? Like you still have to go to a bank to get that money and ask them to use it however you want to use it. You want to take it out in cash and what are using it for? or how you want to buy something online,
Starting point is 00:35:34 why are you buying this? You shouldn't be buying. Like, you know what I mean? Like it's not really your money. No. It's in TFSA, you can make it grow, but it's locked within that ecosystem.
Starting point is 00:35:42 It's stuck. Yeah. We Bitcoin for a reason. And we've seen enough. Fuck, just 40 years ago, we saw what happened in Ottawa. That, and this stuff happens in fucking banana republic areas.
Starting point is 00:35:58 And this was struck down by Two levels of the court. Still fighting it. Maybe the Supreme Court is going to look at it. Nobody's at the very best or worst, a wrist may be slapped from all this. People's lives were changed drastically when you chop them at the knees where they don't get access to their money. And this is the world we operate and that's the world they operated. They're fucked.
Starting point is 00:36:22 They're brazen over people. It's not just that they're doing that. Yeah, sorry, go ahead. And they're just used people, you've seen that done. How could you say anything? Even a TFSA is a good idea. Fucking run the fuck away from that and get into something else like Bitcoin that doesn't expose you to that. Where you have total control of your money.
Starting point is 00:36:42 You don't have to. It's permissionless. Borderless. You can talk about that. But fucking permissionless. That is fucking beautiful. You could do it all yourself without asking for somebody. Please could I have my money.
Starting point is 00:36:53 Please could I use the money that I wanted to. Fuck that, man. You know, we've seen so much fucking bullshit in this world. even here we've seen it not too distant past I fucking run away from it it's it's a carrot they put in front of you it's because there's
Starting point is 00:37:08 and people gobble that fucking carrot and you know what I hope in their sake I truly hope they don't get wrecked but if they do told you so you know what I'm not going to shed a tear I'm not going to lose any sleep because
Starting point is 00:37:22 like I said in discord I speak my peace I speak what I believe in if people do it great if they don't great I mean, I can only talk, and that's all I could do. Do you know what's crazy? They're so brazen in their actions now. Our former prime minister, after lecturing Canadians to the point where we can't buy plastic bags or use plastic straws, is on a yacht with a washed up, ran through pop star.
Starting point is 00:37:49 Burning, God knows how many liters of fuel on a daily basis, you know, while he stuffs the ham sandwich, to put it kindly. his son enjoying a career in hip hop. Do I have that right? I believe that I do. We're trying to enjoy a career in hip hop. You know, galivanting at music festivals still to this day going overseas and telling people how they need to adopt the policies
Starting point is 00:38:10 of 2015 to 2025 Canada, completely backwards, completely insane. Four chimneys in the house he purchased in Montreal. What the fuck is stuffing them? It's not fucking heat pumps. I guaranteeing to you that. You know, Boomer in the chat, show to you, Boomer.
Starting point is 00:38:26 mentioning something important here that actually Minister Freeland, when she was the finance minister, did put forward commentary and wanted to discuss removing Bitcoin and certain other crypto-cryto-adjacent options from TFSA eligibility. So if this thing does moon, as
Starting point is 00:38:44 Corey, as Boomer is saying in the chat, do you think that you're going to be allowed to just run with that tax-free? Or are they going to smack you when they're going to put you on a list? Like this guy made a bunch of money in crypto and Bitcoin, you can get put on a list for a lot less around here. So I would recommend that you take seriously the potential,
Starting point is 00:39:03 the possibility that when you want to go, when you want to make a move, when you want to sell, when you want to do whatever, you're going to have to go through, what do they call it the airport, enhanced screening. I would not be surprised to see that in Canada.
Starting point is 00:39:17 Or, you know, you have it in TFSA, like he says, moons, you know, and now goes to 7, 8, 9, whatever figures you have in there. Can you just simply go, pull it all out
Starting point is 00:39:26 and go to bull Bitcoin and exchange your whole TFSA into Bitcoin and do that seamlessly. Smaller amounts, absolutely. But if you're talking seven figures, eight figures, you know, what people would probably have accumulated in their TFSA all this time and say, oh, look, it's fantastic tool. I could move this. You're stuck, man. And, you know, and ATMs are going to be banned soon.
Starting point is 00:39:48 You think it's going to get easier moving forward? Get the fuck out of it. No, there's no chance. There's no chance. And like I said, I hope you guys don't get wrecked. the ones that are doing it. I hope it works off for you in the end. And I understand people have to pay their bills and so forth. I get it. I still use my TFSA. I'm guilty of it. I don't, I don't like my investing is not done there. Like I'm Bitcoin, you know, I won't tell you what
Starting point is 00:40:11 percentage of my net worth, but it's way higher than it probably should be according to any financial advisor. I think every, honestly like I hate to say this because it's not financial advice. But the price of this thing doesn't almost doesn't matter at all anymore. And I just made this case on Bitcast too. If you're still looking at the price while all this other stuff is happening, you're missing the point now. The price was something to look at in 2017 when this stuff was just sort of a hypothetical. But you've seen it now in the first world.
Starting point is 00:40:39 In Canada and America and European countries, Australia, New Zealand, you've seen it. You've seen them come to your door over tweets. You've seen them lock your bank accounts over things you posted. You've seen them shut down your business because you drove a truck to Ottawa. You've seen them do it. What more do you need to see? How many more examples you need to see before you realize you need outside money, man, under your control at all times. No questions asked.
Starting point is 00:41:02 No bullshit. No permission. It's fuck you money. It's not fucking money because of the price. It's fuck you money because of the freedom. That's what you're missing now. And we totally condone people paying all their taxes and everything. Just heads up for CRA.
Starting point is 00:41:18 If you're trying to skirt the system, make sure you pay every penny that is owed to them for every calendar year. you work and also for exit tax, wherever they call it these days. What's the name? You pay that in totality. We're going to go to the next door. We're going to the next story. If you're on Twitter, come over to YouTube. There's like 100 and change of you guys on Twitter.
Starting point is 00:41:37 Come to YouTube. Join the chat. Enjoy the chat. Leave a like on the video, all that good stuff. Or you can stay on Twitter if you really have to. But YouTube is a better place to be, in my opinion. Anyway, let's talk about our friends at Bisk. Yeah.
Starting point is 00:41:47 Are you user of this service? No, Yago Lego or whatever his name is on Discord, he is a big fan. he is a big fan of this. But really, he talks about this quite a bit. In fact, there is some price action that happens on Bist
Starting point is 00:42:03 that he brings forth and it could be a precursor to what happens to the price of Bitcoin. It's usually a day or two. Interesting. He's usually, he's missed a couple, but more often the not,
Starting point is 00:42:14 he's bang on. Yeah, last time I went to Discord, he was pretty active in the Discord. Is he still? He really is. He really is. Just a shout out to him
Starting point is 00:42:21 if he's going to be listening or watching this. Even though I think he gives me shit once in a while. It's the same guy. He gives everybody shit that he speaks his mind. I thought I was special there. Okay. No, no, we're all special in his eyes, I guess.
Starting point is 00:42:34 Anybody that is against it, whatever, whatever. So BISC, they had a bit of an issue this past week. There was an offer book sweeping attack that was noticed. And they had to do an emergency halt to their network. This is the BISC version 1. Oh, or version 1, sorry, not version 2, BISC 2. So the version one is only applied. So this was a flaw that was in the peer-to-peer messaging.
Starting point is 00:42:56 And so the BISC 1 nodes were impacted. And really, in the end, there was a lot of people that took money. Some people took money. Approximately 11 Bitcoin was stolen as a result of all this. What was interesting, though, from this whole saga, it seems like this attacker was using AI or used AI to help develop his means of attack here. So this wasn't done with all just outside. using his own skills, this person used AI to do it.
Starting point is 00:43:25 So I found out to be interesting. They're saying affected users, there is going to be reimbursement options available and they're being evaluated as we speak. I know that this is a very fluid situation. I don't know exactly what was the latest. I've been very busy this past weekend with the King of 94. So it's all I know is that there was an attack. They halted the network.
Starting point is 00:43:45 11 Bitcoin was stolen. And this is a popular peer-to-peer service that people have used. And people continue to use. Like we talked about, it looks like ATMs are going to be no longer available in Canada. So if you want to use some private system, a private network, whatever, what are you going to use? BISC is an option. I hope this doesn't put people off from this service. It sucks that it happened.
Starting point is 00:44:09 But you know what? If there was a bug in it, it's good that now they're going to close it and hopefully they can move on from this. Not much else I could add to it. It's pretty sad. Hard to regain trust, right? Yeah, once it's happened, but they say they're going to try to reimburse people. I don't know if they'll be able to reimburse everybody in totality. Yeah.
Starting point is 00:44:31 There's some system limitations there, I think. Last I saw, I was kind of reading the updates earlier about the breach or the leak or whatever they want to call this. You know, it's too bad because I think the one thing that's true about services like BISC, and you can jump in, tell me if you think I'm wrong. I would be, and actually I did download the BISC app the first time it was available on Windows years ago at this point. It must have been like 2020, 2020, something like that. It took forever to sync, if I recall, correct.
Starting point is 00:45:01 Yeah, it was a bit of a rocky experience, but the UI was pretty clean, so good for them. That's, you guys, hard to get right. I'm much more willing to try stuff like this when the Bitcoin price is not 80,000 US. And I think that one of the problems that the peer-to-peer services are going to start to have is that no matter how good, no matter how secure, no matter how bulletproof the infrastructure and frameworks are, at the
Starting point is 00:45:27 end of the day, the risk really isn't any of those things. It's the other person. And at $80,000 Bitcoin, that's a significant risk. At $3,000 Bitcoin, you know, 2020 prices, $5,000, 2017 prices, whatever, it's really not a risk. And it's not something you're really concerned about. It's like, you know, you'd never sell a $200,000 watch on Facebook marketplace, right? Because you not going to go meet up with the guy. Same thing goes for Bitcoin. And so I think as the price goes up, I hate to say it, you know, hold your tomatoes, I guess. I think every peer to peer service is going to bite the dust, all of them.
Starting point is 00:46:02 Well, you're looking at, I think, from a different angle. If you look at it in the way, if you're going to use it, it doesn't matter what the price is, because you are simply, in the end, it's going to be a Fiat thing. You're either going to exchange, say, $100 or $1,000 for Bitcoin or vice versa. You can still do, you can still do meeting in person, though, Biss. Can you know? I'm pretty sure you can. I'm pretty sure you can. I'm pretty sure you can. I would never recommend that. Hottle, hoddle, I see in the chat too. I also think you can do it on Hoddle Hodel. So this is the thing. So this is the thing, right? Unless you're getting some kind of
Starting point is 00:46:38 premium, maybe like Yego says, you kind of get an idea, the price is higher on BIS or on Hodel, fine. You know, that's, that premium prices in risk, I think, to some extent, both in terms of potential gain or loss in the actual value of the underlying and the risk of meeting the other person or dealing with the other person and the service. These things are not. You don't have to do that. You don't have to. You don't have to do anything.
Starting point is 00:47:04 But the point is that the risk exists. And so the risk was hypothetical before. And much like we were talking about earlier with the bank accounts freezing and stuff like that the risk is real now you've seen it executed at least once so yeah gift cards i think are the way to go since that seems to be you know it's it's all online and there's always going to be an element of just uh hands off when you're doing something like that what could you do just give the information of the gift card and the way you go and i think the bisque has a system where they rank people they can get some feedback and so you could see their history if they've been good or not both
Starting point is 00:47:40 as a buyer or a seller. And I think that also comes into play if you really want to delve into the meeting in person. You could see if they got a good... Let me ask you directly. You're a guy I know who cares about privacy more than most.
Starting point is 00:47:53 Would you use disk? Not for... For anything. For anything. Yeah, if I could do with gift cards, I've never been able to find an opportunity to use gift cards, but certainly I would. I give it a shot.
Starting point is 00:48:03 Just to learn and do it. Okay. There's less optionality I find in Canada for some reason. I could use an e-transfer. I don't want to use e-transfer. Like, I want to use something as close to cash as possible. And the gift card is that.
Starting point is 00:48:19 Yeah, not that easy. Was that your cat freaking out just now? My cat's not here. I don't know. I thought I heard some cat there. Someone in the chat can tell me if I just imagine that. But I thought I heard a cat in the mic. Maybe it's my cat.
Starting point is 00:48:32 He might be upstairs, but unless you can hear my wife, I can hear her. Don't say. No, she's on the phone. I thought it was a screeching cat. I don't want to say your wife sounds like that. No, no, she's on the phone. Sorry, Danielle. Yeah.
Starting point is 00:48:48 No, no. She's on the phone. So let's talk about this true D-Gen story. It's a product from hermedica. I never heard of hermedica before. I probably will never hear it again. U.S.D.H. U.S.D.H.
Starting point is 00:49:05 This is the product they're offering up. And this is tied to. STRC, the stretch. I think that's what the people call it. Is that right? Is this stretch? Stretch, yeah. So, you know, Stretch, everybody knows it's the stock that's trying to maintain $100 per share and they're offering up dividends monthly right now.
Starting point is 00:49:24 I think they're going to go bi-weekly soon, 11.5%. If I recall it, either way. If Stretch wasn't D-Gen enough, while these guys are offering up USDH for yield from Stretch, the fuck is this shit I love it I love it it's a USDH is a yield
Starting point is 00:49:44 bearing shit coin this story was made in a lab for you to talk about for sure and I don't know if there's enough red flags on earth for me to raise for this one
Starting point is 00:49:59 but here we are they take the yield generated from stretch and they wrap it into a digital token the USDH holy fuck What is this hot garbage that they're trying to
Starting point is 00:50:10 peddle? Like they say the total yield is going to be between 20 and 25%. I don't know about you. It's pretty good. But like these guys they're missing the fucking, they really are missing it here. Because they got one yield service, getting into another year's service. They should take that, whatever they
Starting point is 00:50:26 get, fucking, they should go stake it on Ethereum, get whatever they get on Ethereum, stake it in Solana. Keep it on Liberty Phi, stake it on Melania. Yes. You see, this is this stupidity. If they do enough of this, if they really apply their minds, they could get 2 trillion
Starting point is 00:50:42 percent APY within a few minutes. Like, Wiseby stuck at 20 percent. Tore up in the chat saying you should have just come with the old school Ray Yusuf and Paxfall Paxfall mentioned while in 2020s. So they say this is a
Starting point is 00:50:58 USDA is a synthetic stable coin. I love it. Backed by a Delta neutral strategy. Fucking trash for the beginning. I can't run the fuck away from this, like fast enough from this. I would rather, I can't believe I'll say it. I'd rather put my money in a fucking TFSA than put it in this.
Starting point is 00:51:19 Not by much. I'd rather do that. You ever go to the website for this token? Hs, HBTC. What is it? HBTC. What is it? I forget now.
Starting point is 00:51:32 HBTC. HBTC. That's great. The yield, the yield they say. Yeah. the yield they say is 8%. That's the yield on Bitcoin because that's the Bitcoin yield.
Starting point is 00:51:43 There's the USDH. There's two different yields. The Bitcoin 1 and the H one. These guys on there, I'm just on the Bitcoin one here to give you an idea of what these guys are all about. This is one of the best answers I think I've ever seen in this question.
Starting point is 00:51:59 We'll do two different questions here. Where does the yield come from? This is HBTC, not the other one. HBTC sources BTC yield from a curated set of blue chip on-chain yield strategies including stretch basis and stacks dual stacking
Starting point is 00:52:19 stacks mentioned 2026. Yield is market dependent and will vary over time. Now here's a banger for you. Is there a re-hypification? Are you sitting down? Here's the answer. Yes. No, no.
Starting point is 00:52:32 I got out of you. I got that fuck out of here. The BTC assets. It gets better. It says, no, the BTC assets deployed into lending protocols are not rehypothicated. The BTC assets deployed into lending protocols are not rehypothicated. Assets are deployed via smart contracts into defined strategy positions that are observable on chain. I hate to say it. But that's what people mean when they say rehypothecation. You're not just holding it. You're doing something with it. That's what they're talking about. So there's a little bit of semantic, a semantic game being played. And people who want to criticize or comment that, Joey, you don't understand what rethapotication means. I do. And I understand that they are technically above water with that definition. But I would suggest to you that they're wearing water wings.
Starting point is 00:53:19 They are not swimming. Does Leiden do that, though? I think they do. Yeah, but Leiden tells you that. They tell you that they go into like very low yield strategies with your Bitcoin. They don't claim that they're just like sitting on it and it magically gives you a yield. They've never claimed that. That's what makes them above board.
Starting point is 00:53:35 You may disagree with even that level of risk, but at least they're honest with you. Fair. These guys. These guys lead with no. There's no rehypothecation. No, the yield does not come from, you know, but, you know, you dig a little deeper there, second or third sentence. And there you go. You know the side thing is because they're offering this 20 to 25% yield and there is exposure to stretch.
Starting point is 00:53:57 There might be enough people out there that are going to get sucked into this. Stretch is huge now. People love stretch. I know. It's all Fiat games. I own zero stretch. I should buy some stretch somehow, but I own zero of it. Whatever.
Starting point is 00:54:16 I understand that this is not the only one that's pegged to a particular price. They didn't invent this. Somebody else did it first. Many people or many companies have deferred. But still, I find it just fucked up that they could just simply peg it to a price and offer yield to try to in time. the price to go up and down. There's a lot of things I don't understand.
Starting point is 00:54:39 And I don't want to understand it. To be perfectly honest, I understand Bitcoin. It's easy to understand. And I fucking can do everything I want with Bitcoin. So like this thing, this product that they're offering to USDA, I think there's going to be people that say, fuck yeah. I kind of like this. For sure.
Starting point is 00:54:53 100%. Like I can't wait to see. Bitcoiners. Yeah. Go ahead. Pits up. I'm going to fucking laugh. So fucking hard.
Starting point is 00:55:01 You're going to laugh just as hard as I will. 100%. 100%. We just talked about this on Bitcoin too. The idea that these guys, the Bitcoin crowd honestly is made up of two kinds of people. People who come into Bitcoin and understand sort of what the mission ethos, the rationale is,
Starting point is 00:55:18 and they just buy and hold BTC. And then there's other people who come in, understand the mission, the ethos, and they get bored. And these people who get bored decide to do stuff like this, whether they build the product, invest in the product, shill the product, whatever.
Starting point is 00:55:36 And I think you're going to see more and more of this as time goes on. I think it's some greed too. Whatever, sure. Like I said, like I said, man, you cannot be, you cannot be a bare market Puritan and a bull market con man. And you see that more and more and more. In a bare market, everyone's like, Bitcoin only, don't be a shit coin or blah, blah, blah. And then as soon as the bull market comes, check out my product, check out my company, check on my shit coin, my fork, my whatever. These people are all the same, man.
Starting point is 00:56:03 They're all the same. Oh, we have that forks coming up. We have actually potentially two forks coming this year to eCash in August and maybe BIP 110 might yield some sort of forks. I'm psyched. So, yeah, it's going to be interesting to see. I don't know. August is going to be a fun time. I want to, I don't want to see my plan right now because I don't want it to, but you know what?
Starting point is 00:56:25 Wend's buying a thousand CRTs and starting his own 94 tournament with a shit coin with a shik coin fork. her need you should have seen like i i think they had 15 to 20 CRTs over there like it was just a fucking wall full of it was it was amazing to see and so many i think it was 50 to 60 people were in the tournament it just just and there was even some stragglers that came to the watch and see what it was fucking great they serve pints they serve in pints and fried fries or anything or what yeah it's uh there's bar food there so yeah absolutely i love it love it what you want Can you do, do you think you can do two minutes on your own? Will I take a leak?
Starting point is 00:57:03 Yeah. Okay, we'll go to the other side. I'll do one more story. Okay, sure. Sure. So, Joey's going to go. Okay, you're back to you. So next and the last story we have to talk about the Bitcoin side of things is Luxor OS.
Starting point is 00:57:16 And if you are, I'm going to just talk about Twan's stuff really quickly. I know he's not sponsoring this segment of this show. But I like the guy, if you buy one of his products that you want to heat your home and it generally, it's going to have Luxor OS. or LuxOS on it. So anyways, Lux OS is now expanding. They're now going to be offering their services, their software for micro-BT miners. And so they've entered into a partnership with micro-B-T as a result of this.
Starting point is 00:57:43 So the gist of this deal is that Luxor is going to pay or buy, sorry, $100 million worth of micro-BT what minors. And they're going to do this for their hosting business. and because Luxor, they do that hosting stuff, I'm not a big fan of it. You know, you can just simply pay them and they host it and all that stuff, but they're trying to expand on that. So they're buying $100 million worth of microBT West Miners,
Starting point is 00:58:09 and they're doing it now at a beer market. Apparently these things are cheap. And in turn, MicroBT will take some ownership of Luxor. They haven't said how much ownership they're going to take, but this is the agreement that they're getting into. And with all this, Luxor said they're going to be creating a new firmware for the M50 series minors. initially, and they're going to be expanding into other micro-BT miners.
Starting point is 00:58:32 So right now, from what I understand is LuxOS is only available on the ant miners. And so now it's going to be available on micro-BT and minor. They just, you know, they are the cream of the crop. They, well, maybe not cream of crop, but they have the biggest market share. So really, I'm not sure if this is going to be a huge thing, but still with them buying $100 million worth of their equipment, I think that's a significant amount. They say that new firmware is going to give a lot more flexibility, such as dropping the amount of power that's going to be used
Starting point is 00:59:04 and adjusting the hash rate based on power costs because there are some areas like here in Ontario. We have tiered pricing. Price of energy tends to be more expensive in a daytime that it is at nighttime. So with this new firmware, you're going to be able to adjust your hash rate automatically based on the power cost. And so everything will be done automatically, and it's going to just throttle things based on that.
Starting point is 00:59:25 So pretty cool stuff. I'm not going to use it because right now the item that I have from Twan is an S-19. And of course, I'm solo mining. I'm not collecting sets every day. I'm trying for the whole shebang if anybody's asking. So I find this interesting, cool stuff. And that's an agreement between Luxor and MicroBT. Joey, if I didn't hear that, we could probably just end the Bitcoin side and go straight.
Starting point is 00:59:50 Some guy in the chat, Claude is saying you were showing a Cardano while that was gone. Is that true? Yeah, yeah, so I was fucking, I have a stack over here. I'm trying to get rid of it. Did you put up your QR code, Sammy Cardano, get twice as much back? That's actually, do you want to fucking do that? I want to get something going. We're going to the notable stories.
Starting point is 01:00:08 If you're on audio, come back tomorrow for the back half. If you're with us, line. Not just that. He's saying, buddy. I'm trying to remember. What is the price of this stuff? I want to see the price of just ADA. I want to scale fucking.
Starting point is 01:00:19 It's probably, it's probably very low. Hang on, hang on. So that's, holy shit. The peak from what I could see was almost four bucks. And now it's sitting at 35 cents. Nice. Nice. And let's see is that XRP price just for shits and giggles.
Starting point is 01:00:36 It's 139 right now. And the highest I see is 315. 50%. A third almost. Yeah. 3.43. Nice drop. Wow.
Starting point is 01:00:52 RIP. RIP to your bags. RIP to your bags. Listen. Didn't Patrick but David talk about this stuff too? I hate, I hate PBD.
Starting point is 01:00:59 If you're on, if you're, thank you. If you're one of the people on Twitter, okay, there's like 130 of you guys on Twitter,
Starting point is 01:01:04 come to YouTube, stop being antisocial, come hang out on YouTube, get a drink, get a snack. Me, I prefer Dill Triscuits if I'm having a snack
Starting point is 01:01:13 this time of night. Come over to YouTube and talk with us. We'll all engage with each other. We'll be talk about the most notable stories from the Great Right North coming right up.
Starting point is 01:01:24 Stay tuned. don't buy extra beer cardano

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