The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Immigration Promises Broken?! Canadian GDP SHRINKING?! | The CBP 330 Pt 1

Episode Date: September 2, 2025

FRIENDS AND ENEMIESJoin us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. Canadian immigration continues to break records, while the economy continues to struggle - is the Carney honeymoon over? Plus Google launches an L1 payment option, what's this mean for Bitcoin? Universities claim they need international students, Canada becomes the Wild West, and more this week on the show!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.256Heat -⁠ https://256heat.com/ ⁠GET PAID TO HEAT YOUR HOUSE with 256 Heat. Whether you're heating your home, garage, office or rental, use a 256Heat unit and get paid MORE BITCOIN than it costs to run the unit. Book a call with a hashrate heating consultant today.The Canadian Bitcoin Conference - https://canadianbitcoinconf.com/The PREMIER Bitcoin Conference, held annually in the great white North, where Bitcoiners come together to share stories, build momentum and have a great time while doing so. Whether your a pleb, business, newcomer or OG, the Canadian Bitcoin Conference wants to see you in Montreal, October 16-18 2025. Don't miss this one!

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. Canadian Bitcoiners podcast. Friends and enemies, welcome to the CBP. Want to be better informed. Listen to Levin Joe E. Spots is taking care off right off the top. Oh, Bitcoin and easy DNS.

The media is feeding a slop. it doesn't 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 friends and enemies welcome back to the canadian bitcoiners podcast happy labor day hope you're enjoying your life I'm here with my co-host, Len, as always, Len, you know a util is what economists have to use to measure productivity in their hypothetical economies in their academic settings because there's not a really good way to measure economies productivity using real world units. So they call it a util. Did you know that? No. No, I've never been, are we going to be described to utiles or something? Yeah, me and you are utils. We're producing or were util producers maybe?

We're producing utilities. We are yielding utilities, I think. Do I have to have a new driver's license to reflect this? I don't know. I don't know. Good question. I'm not sure who we talked to you about that. Passport.

If I have to get everything done, this seems like I have to take several weeks off work to do this. I'd say minimums several weeks. It's my time you gather a document here, gather dot, wait in line, submit, wait, answer questions. Not good, man. 100%. Okay, let's keep this utilial show moving. the CV Utils. Well, what's going on?

Well, we should we thank Dan maybe first, Dan Carlin last week for stepping in for me while I was recuperating, recovering and recuperating from my surgery. Yeah, I appreciate that. He did a great job. He did it all the way from a very far location, so he had to stay up late in order to do this, given the time difference.

So it was kind of, it wasn't the easiest thing for him to do and had to do a little bit of juggling around his schedule. So, you know, big thanks to him for staying up late. Yeah, appreciate that. And he was good. I was doing the shorts from that show yesterday or today. I forget when, but listen to a few of those as well. And I will say that, you know, sometimes when we have a second guest, that's not you or me.

So, you know, if we're doing a co-host gig with someone else or whatever, the shorts are not friendly because you and me have a really good cadence together. I know when you're going hard and you know when I'm going hard and we let each other kind of get the points in and the AI that does our shorts likes that. And, you know, when you're, when you're going through the shorts to see which ones are worth putting out there, there's a bunch. You and Dan had a bunch too. That's probably the first best we've had where there was a bunch of, a bunch of good shorts to put out.

So I'm happy about that. And once again, Dan, thank you. The thing is to on top of that, there was the added variable to consider there was a lag. When he finished, I had to like predict before he stopped. that he's going to stop. And the same thing for vice versa. He had to predict before I stop. Because there was a second delay.

You and I, because we're so close, there's not much lag. If anything, you and I was a little bit different. So that was good to hear. So when I eventually leave the CBP, we have now another person

that could take place for me. So Dan is on the short list of individuals that grew up. We got to mention Boomer too. Boomer, you noticed that I put out shorts when you co-host the show too. So I'm not naming,

I'm not naming a lot of names, but you obviously, get your shorts out as well. And there was a few of them. Good for you. It's a lot of views. No, there's a bunch. I know.

I know. I think one of our biggest viewed shorts is from him. In fact. I love it. I love it. Let's get to the sponsors. Easy DNS. Mark is a friend of the show, friend of Lenin and I.

Friendly Neighborhood Registrar. Best place for you to host your content. You can buy a domain from Mark. You can port a domain over to Easy DNS. Both of them are easy. Have your data protected. Everything Mark does by default is privacy. focused, obviously. There's not an ease of use compromise. Either people who go to Mark for his

services, love them. We hear about it all the damn time. And I know you guys appreciate Mark, also a Bitcoiner, obviously. And on that note, you can get some virtual private server toys while you're over there, BTC pay server, Noster Relay, Bitcoin node, all doable over at EasyDNS. And then for a couple of extra bucks on top of your domain, which you will get, for half price, by the way. easy mail and domain share to further protect not only your data but people who are using your website ordering from you reading your blog looking at pictures of your feet whatever you want those guys to be protected too and so mark takes care of that for you for i would say very reasonable price that's my opinion i think you guys would probably agree so go over use the promo

code CBP media and get half off first round of buys can't beat that paying bitcoin if you like though i don't recommend it don't sell mark your stats pay in dirty fiat who's the second sponsor well you could pay your bills bull bitcoin with your bitcoin so you that's options not only that like bull bitcoin it's non-custodian exchange this is what you want and they have been in this game for a long time they're not going to rug pull you they don't hold on to your stats when you buy from them and when you sell it to them you get your money right away it's sent to you your bank account you do on-chain

lightning i saw on-chain fees we're starting to creep up today i'm not sure a little bit yeah a little bit yeah i'm not exactly sure what's the cause for this but still not enough of a cause for concern for you to start using alternatives at this particular moment. But if you have 30 Fiat, like, got to have in my hand here, thank you for this $1, Singapore dollar in my hand. Both Bitcoin will be happy to take it. And so check them out.

If you are in Canada, Mexico, Costa Rica, Western Europe, and a bunch of other countries do that, I probably forget. It's like everywhere except Narnia, basically. You can use the United States. That's the biggest one. Yeah, I know. Yeah, and China. But they're not going to ever go to China, I don't think.

You got your privacy in mind They got your account in mind Because when you buy from them It gets set directly To the address that you provide them Check them out You can pay your bills You can buy gift cards with Bitcoin

Lots of different options Best in the game I use them And you should too Amazing Third sponsor 256 heat Are we doing the 256 heat

Read now or before Brampton man? No, that's for the Brampton man I want to note We're also sponsored until the conference by the Canadian Bitcoin Conference I mentioned Dan

earlier. And I am thrilled to be affiliated with these guys yet again. I think though Len is not attended since the first year, I will say that the conference has been improving steadily. I've looked at the list of speakers this year. I've looked at the list of panels. I've made suggestions to Dan and Manuela, as I know a few people who are friends of the show have as well. And I will say, Len, that this year is completely 100% slop-free. Great panels, a lot of good Canadians, which I really like. Canada punches above its weight in the Bitcoin space. I think a lot of people would agree with that. And when I was looking over the panel, I was really impressed. I'm not just saying that because on the MC, I'm not just saying

that because I get invited to speak or do something every year. Because I got better things to do with my time, honestly, than drive eight hours or fly two hours or whatever to do Montreal and, you know, spend time away from my wife and my daughter. But I want to do it because I think it's a worthy conference of my time and of yours. So go and get a ticket if you haven't already. We don't even have a promo code. I'm not getting anything for this. I just think you should be attending that conference and meeting fellow Canadian Bitcoiners because it's what's going to drive the mission forward.

So yeah, I wanted to mention that as well. Anything else? I have boos. I got one housekeeping thing that I'm going to spring on here in a second. Well, okay,

we'll do the boosts. War time, he's in this four different times. What are people doing with the boost here, man? On 133 sats apiece. So he writes in the first one, this podcast has the most functioning knees in history. And well,

well now, I mean, we've always had that. Last week, sorry, two weeks ago, probably not. But now we're back at it. We're back. We're back. We're back. We're back at it. Wartime also writes in for 133 sats.

He says, Joy's leg rug pulled him. My legs owe me nothing, I will say. But yeah, keep going. Go ahead. He also writes in Word with a couple of beer mugs. And lastly, a couple of beer mugs. Those are the four. He writes in, Den.

We have Jared 5,000 sats. He writes in great conversation, Len and Dan. Regardless of which side of this ridiculous knots versus core drama, Bitcoiners finds ourselves on, the greatest spam filter remains using Bitcoin for its intended purpose, a peer-to-peer digital cash and filled blocks with meaningful transactions, and that is 100% true. I like the way he writes. Yeah, that's yeah. Thank you, Jair, and wartime.

Great. Housekeeping. This Wednesday, we have nothing planned. I was thinking about maybe. I might have something, but it's 100% sure, yeah. Okay, because I was thinking about streaming the CBP fantasy draft for football is this Wednesday, and I streamed it last year, and it got a surprising number of views, which I don't know who would watch a fantasy draft stream. Certainly not my fantasy draft, but I don't think I'm going to do it this year just because I would rather spend that time just kind of half rehabbing my knee while I'm doing that. So I'm not going to do that this year. Len might have a guest, it seems. Next week, if I can work out the scheduling with the boys, we're going to be welcoming for the first time

on CBP air, the bugle. Richard Greaser and Rod Palmer will be joining me for Wednesday night. Yeah, Len, you're welcome to joining that one too. I don't know how much you listen to the bugle. But if not, I'll be there. I'm going to try and work it out with them. Yeah, I'm going to try and work out with them if I can. And if not, then we'll do it another time because I know it's kind of short notice and everyone's getting back into the swinging things here with work and school. So we're going to do our best to make it happen. But keep an eye out for that in any case. And I released a CBP Quick Current today for the first time in a while because, yeah, I was obviously laid up. And so looking at some stuff about U.S. economic data collection

in the wake of this BLS termination of the commissioner there and some other commentary on this show and others about the quality of the data that's being used to set policy, both economic and political in the United States and other places. So, yeah, listen to that. It's kind of, I don't want to say it's a mishmash, but there's a lot of acronyms and a lot of data points in there that I think are important. And maybe the most important thing is the transition that the U.S. is undergoing right now, both because of the availability of certain technologies and also because of demographics in the

ease of collection for that data um you know the long and short it's never been easy and i don't think it's ever going to get any easier than it is now it's it's only heading one direction so listen to that if you haven't already i don't have anything else to let's get going let's rip it 1125 that's pretty good for you and me especially on a rebound week so let's uh let's jump in where you want to start you know what this is going to be a rather quickish bitcoin side of things i'm not sure if you've been following there's not much aside from the drama between knots and core. I don't want to go any further into this. Is the trauma between Knott's and Coraland

really now just like Luke mechanic and a few other people trading, you know, thinly veiled barbs, personal barbs at each other on Twitter? The case for KOR and Knotts has been laid out a million times at this point. Don't forget

Adam Beck is now involved here. I know. I know. And not doing it just last comment I'll say about this. I wanted just to give it to you more than anything else because I talked about this at length. I'm not sure if you wanted to say anything, but Adam Back seems to be not doing the best of jobs with coming out with his, his PR firm is, you got to brief him up. You know, he's just doing a shit job. That's what I got to say. Do you have anything to say about

this? Because I have nothing to say, this is one of the big things this past couple of weeks. And you weren't here last. Well, what do you think the, what is the rational, um, I don't say the rational outcome. Because I think we both agree that, you know, you should be able to run filters if you want and the pressure should be to you know the pressure should be toward autonomy with your node and all that stuff but yeah what is going to end this drama because i can't even i can't even go on bitcoin twitter anymore my my twitter feed now because i've stopped engaging with that stuff on the four you page is now fantasy football like strictly basically nothing but and so i i don't know if anyone else's four you feed is like that now but i care a lot more about who i'm going to take it the

one two turn in my draft than I do about what Adam back and mechanic say about knots versus core like I just don't give a shit I'd I could I've never cared less than I do now I don't run a node by the way obviously so but I mean yeah but even the node runners line how much do you care to keep looking at this stuff you don't either no no no going forward then if I didn't want to speak too much about this if there's something in it that in one of the two iterations between knots or cord I don't like then obviously I'm not going to run it. So that's what I'm going to look at moving forward. If something in there I don't like, I pivot. Something I like, I'm going to stick with whatever I have. We don't want to

fuck it. That's the beautiful thing about this. You have choice. You have choice. Pick whatever the fuck you want to do. Run it. Run it. How what the fuck you want. Doesn't matter. You can make a jump through hoops if you want. As long as it is in accordance to the Bitcoin network and do whatever fuck you want. But man, this is, it's getting to be just, nonsense now, I think. Agreed. Agreed. I want to see us move on. All right, let's move on from that, too. I think a big

story this past week that hasn't really been touched on. What? Which, I want to hear. Anytime you lead like that, you know, it just knows. No, no, no. The UAE government, it's suspected now that they may be mining Bitcoin and they have been doing for some time.

This is according to Arkham Intelligence. And this is from a report that was written by Arkham. They said that they have mined And they mined and are keeping 6,300. They actually mine more than that. I'll talk about it in a sec. But the 6,300 Bitcoin, the value of that was around $700 million as of last week. I'm not sure.

Well, it's showing the stats per $1 per sats. But it's gone down the price of Bitcoin. So probably $650 million. It's a lot of money, whatever the fuck it is. Either way, they're taking the Bhutan approach and they're using excess electricity to mine Bitcoin. And this is a wonderful way of doing it. They're not seizing it. They're not doing it.

It's just essentially we have this excess. We're going to use this excess. And what are we going to do with it? Let's mine Bitcoin. Wonderful fucking stuff. And the company that is involved here is Citadel. That's the Bitcoin mining companies, publicly traded in fact. They're majority owned by the UAE royal group.

So they have strong ties to the royal family in the UAE. And it's estimated that they mined around 9,300 Bitcoin in total. So they sold off around 3,000 Bitcoin, presumably. to for costs, running costs, or whatever to fuck. They can do whatever they want. But either way, mining Bitcoin, the UAE, they are the fifth largest crude petroleum exporter globally. So they're, you know, a measurable amount of crude comes from the UAE.

Wondering when they'll start accepting Bitcoin for crude, if that's ever going to be a possibility moving forward now, because they're mining Bitcoin, they now understand maybe there's going to be something there. But back to mining, they built a mining operation in this island called As, Riem, that is near Dubai, and that was back in 2022. And satellite photos showed the operation being built out. Interesting. This is a copy pasta thing for other countries in the Middle East that have access

electricity, stranded electricity, shit that is not going to be monetized in any way, shape, form, especially for stuff that is being flared or vented. It's so many different things. So they could do it with this with the energy that is just non-monetized. I like this. I think this is a bigger story than a lot of people are talking about because nobody is talking about this. But we are. And here it is. What, what do the, okay, so I agree with you that there's like obviously an energy spin here. I don't know that it's the spin that I would focus on, though. And I only say that because these, like, this isn't a wealth fund, obviously. But, you know, there's a number of vehicles that you would typically put money into. You know, whether it's like the S&P or European stock market, if you're really dumb or a Canadian stock market, if you're really, really dumb, blah, blah, blah, I think that these offices are running out of places to put resources. And so instead of, you know, thinking about how can I spend a couple hundred million on, I don't know, what would you buy?

The Q's, invidia, you know, you buy some AI stocks. Why wouldn't they mine? I realize that the cheap energy makes it sort of possible. Like, that's the straw that stirs the drink. I think what's happening here is a lot of governments are looking at, they're looking at tools they want to use and relied on and realize that they no longer can. And I don't want to conflate too much government with United Arab Arab Emirate Royal Family. But to me, there's sort of one in the same, especially in that part of the world.

And I think that there's a real possibility here that what you're seeing is actually just to move away from traditional financial assets. Like, you know, in the UK, for example, I was tweeting about this today. the long bond you know like it's it's undesirable the u.s same thing you're starting to see rates take up high high high high high and people are wondering okay well what's going to stop these things from going up the question is not what's going to stop going up the question is what's going to make those vehicles desirable again and it's it's it's a problem with governance it's problem with stability it's a problem with currency so i think all those things together point people to

bitcoin whether they want bitcoin or not whether they think it has value or not i think what the other thing that's happening kind of slowly here is that even if you don't like Bitcoin, the sort of gap between Bitcoin down here, let's say I'm trying to adjust the new camera angle, the Bitcoin down here and everything else up here, as those things get worse, Bitcoin becomes more appealing. And at some point, you have to think about the opportunity costs and not having any Bitcoin if that trend continues to move. I think that's what you're seeing here. And I would expect to see more governments have done this already. and are hoddling like these guys are.

And I would expect to see governments, like you said, they're going to copy pasta this as well. What's stopping, for example, Alberta from doing this? That's a good question. Nothing. And the tension between them and Ottawa continues to rise, continues to intensify. Those fault lines continue to become prominent.

And Parliament's going to come back any day now. They're going to release a budget and like that's going to nuke the currency. The U.S. is printing like crazy. that's going to nuke the currency. And so you have two options, basically commodity money and Bitcoin, right? So it's gold, oil, whatever, and Bitcoin. And to me, it's like having none is bad. The other question I would have, Len, speaking of having none,

how much gold and other traditional hard money are these guys holding? That's another question, right? Is 6,300 Bitcoin is a lot on its face from zero to 6,300, 9,300, I guess in this case. That's a lot on his face, but how much is it in the basket of other stuff they've done over the last, say, two years? We don't know. The reason why we know this is this is a publicly traded company. Yeah, yeah. We're able to figure shit out through analysis on the blockchain.

Good work by Arkham, obviously. If this is true, some people would probably say this 100% true. We don't know for certain. But either way, in terms of the Alberta thing, we have upstream data that is located in Alberta. And you figure if anything, they would be for sure they have been talking to industry to government for the last. bunch of years trying to showcase they have those units, those trailers they could just bring on site and from there you have energy that or gas can be

combusted, turn into energy, bind Bitcoin and Bob's your uncle. So they've been doing this for some time. So I'm sure there's got to be some operations doing it in Alberta. I'd love to know if anybody has any definitive proof. Send it over our way. I'd love to see it. Yeah. And yeah, the copy plastic thing like I say, other companies are probably doing it because they're not exposed to the markets they're not publicly traded they don't have to fucking report on a shit like if oman is doing this

well fuck this oman have to and and also it's in there it's actually in the rest interest not to right yeah that's a good point right let's the five dollar wrench attack on a national level imagine what would that look like it's a thousand dollar team who drones that's what it looks like yeah all right let's talk about some 2017 level bullshit that's going on because google has thrown their name in the l1 blockchain ring this is a create this is so funny i can't believe this fucked up for people wondering what the fuck do i mean here it means that google is doing shit that even i am confused why they're doing it i think joey is equally as confused. It's the new Google Cloud Universal Ledger, aka G-C-U-L. And it's a new layer one

blockchain that is created by the data mining company, Google. And what do they want this to be used for? They say it's going to be designed for capital markets and financial institutions. And they did this in a way that is going to keep regulators happy, but also be, as they say, scalable and secure. This sounds like XRP level bullshit to me. And included in this is K.YC requirements because they need this for audit purposes and for regulatory requirements. And any interaction with the layer one is done to an API.

And there will be a monthly fee associated for it. Of course. Those gas fees or transaction fees are replaced simply by a monthly, such a Google way of doing things. And so you have to pay for the API usage and you get free transactions from what I could tell, They say this could be used to convert traditional assets like commercial bank money, bonds, and securities into programmable tokens. What the fuck is Google thinking of by doing this? It's almost like a different version of XRP, but it's still a steaming pile of shit because it's still highly centralized.

Google, they also announced partnership with CME Group. That's a major driver's exchange. Whatever. This, if this came out in 2017 and I wasn't really active, in this space only the last month of 2017 I would say okay this is par for the course 2025 what the fuck is Google doing why are they doing this what a waste of money what a waste of time

what a waste of resources what a waste of everything I remember I remember when I was 31 I think I can't remember what year it was I was either 31 or 32 in the summer packing up to leave to drive home from Montreal August 1st long weekend and I was listening to an interview on some podcast podcast with David Marcus, the guy who was behind the Libra attempt from Facebook.

Basically the same thing as this, by the way, almost identical, right? Non-state, non-political money, in-house layer one, programmable, partners, institutions, blah, blah, blah. You know, everyone knows the buzzwords, right? Everyone's seen the PowerPoint slides. This was immediately derided by bitcoiners as stupid and a distraction from Bitcoin and blah, blah, blah, and derided by regulators as illegal. We're not letting you start your own money without us involved. It's one thing if you want to sell tokens on Diablo 4.

It's another thing if you want to sell tokens on Roblox. But non-state money from a trillion dollar company is not an option for us. That's where we draw the line. That's the line in the sand for the government. That was in 2017 or 18. If we look at this response now in the Bitcoin space, what do we talk? talking about me and you were laughing about it like it's not even going to really get it's not going to draw my eye or the same way it would have 10 years ago yeah you know

but uh i think in the in the sort of tech space we'll call it or in the private money space i don't know what what do you call libra something of that nature that was a stable coin that was specifically what it was yeah yeah but like it's sort of the same the stable coin was on the margins of what it was right functionally it was private money and yes yeah and so this is private money controlled by google except now i think that there's an understanding from governments who will for sure back this for sure um there's an understanding from governments that we need more surveillance more opportunity to corral people if they're spending money in ways we don't like and more opportunity to you know put the boot down in a lot of

ways on people that are causing problems for the regime and you know i i think google is a great company to invest in, but not a great company to have the, you know, to have whose boot you would not want on your neck. Okay, I'll put it that way. Google is everywhere. And if you think that private money run by Google, you know, you have to pay the small monthly fee for the pleasure, of course, if you think the small, or if you think the money run by Google is going to be any more free or free of, you know, potentially harassing features, I would just remind. you that this is the company who blocked searches on COVID-19. This is the company that will put a COVID-19 tag under this video.

Maybe if I keep saying it enough times, the vaccines didn't work and they were all nonsense. There's the same company who, when you asked for a picture of the Founding Fathers, drew four black trans guys. Same company who looks through your emails for data, feeds you nothing but ads, It's like true advertising, an advertising algorithm ghetto. If you think that this is going to be free money, you're nuts.

I don't think a lot of people think that, Len. The feeling I have is that people are tired of hearing about this and they just want to have something given to them as the next thing. That's the feeling I get, that they're going to eventually just land on a project they like, whether it's Google or Facebook or whoever. The government's going to back it. And that's going to be the thing people use. I'm sending you, you know, pixel bucks or whatever.

And I think it's just a matter of wearing people down until that fatigue is so severe that they're apathetic to what's going on in this private money space. I think we might be there now, honestly. And I think we're going to find out. Yeah, we're going to find out. They want to put shit on blockchain that things doesn't, don't need to be put on blockchain. For me, it doesn't make sense. but maybe their shareholders are going to like this

I don't know fuck them if they do and fuck everybody that thinks this is going to make it okay so like and the other thing too like the idea that you run so if you go to the post from this guy the one in Omsy great name I think I don't know

Omar's his name why do I need Python smart contracts for private money like I don't need all that stuff why do I need blockchain Why do I need, you know, why is it, why is the scalability a feature? Like, it's centralized.

I don't need any of that stuff. It has, if you're going to do private money, it just has to work. And this other stuff is like a lot of buzzwords here, you know, no direct end user relationship. USDA, USDC activity scattered across multiple chains. Like, I don't believe that. Not only do, but not believe it. You don't give me shit about it.

I also just don't believe it. Like, it's, it truly is like just slop for people who have. no idea what the fuck they're getting into. As a bitcoiner, it doesn't impact you one fucking bit. They could put everything they want. They could put a whole company. Okay, more likely, more likely scenario, five years from now, your plumber's asking for Bitcoin or asking for Google coin.

What's more likely? Bitcoin. I think you're wrong, which is annoying, but it is what it is. But this isn't really Google coin. Well, whatever. I mean, circle coin, circle Google coin. That is going to be running this G-C-U-L layer-one shit. It's running on the C-U-C-K layer one by Google.

Yes, yes. That's what people are when they fucking use it, all of them. All right, let's talk about this. So if you're a 256 heat user, you have one of those heating devices that you're home, you're mining for Bitcoin. You likely notice something this past week with Ocean as a mining pool because it's a pool of choice

for people that use 256 heat.com, Oceanites out there noticed that there was a downage or outage, at least on the surface it looks like, because sometime either late to 27th of August or 28th, early of the August, there was a bunch of hash rate that just joined on and was pointed towards ocean, and it caused the network to have a spike in the overall hash rate or in the pool's hash rate.

And the pool hash rate jumped to around 300 X a hash per second. That is, incredibly high, considering that the overall Bitcoin network is around one Zeta hash, so that 300x hash is around 30% of the overall Bitcoin network. And according to Ocean, when a quick jump like this happened, it triggered a bug which delayed payments. So there was no work that was lost, so people that were using their miners and whatever way you're using it to point towards Ocean, you didn't lose all the work that was done

it just did payments in SATs was just delayed and either way the delay was temporary payments resumed sometime after that and we know somebody that mentioned to us this may be a speculated attack towards ocean I don't have any information

to support this so I can't really say anything beyond this but given Luke's stance on a variety of things and you know we're talking about filtering spam and shit like that he probably made a lot of enemies he has made a lot of enemies along the

way. And to the point, he lost his Bitcoin because he was running it on, or he's storing it on his fucking every time we talk about this guy, I always forget that that happened. You know what? In a vacuum, if you look at Luke, if this guy came out of nowhere,

people say, what the fuck is this guy is all about? Like, you look at him, some of the actions he's done, some of the shit that's happened to him, you'd be like, this guy's fucking nuts. Why are we even listening to him? Either way, given his stance he pissed off a lot of people out there and I'm looking at marathon for instance they probably have a lot of a lot of power a lot of money a lot of hash rate that's

available to them I'm wondering if they were behind this as a way to try to screw things up with ocean but I don't think so do you want to talk about maybe not give away the source but talk about what the source pointed to as evidence that this was a coordinated attack on there was a website right that showed it shows it shows a bunch of different hash rates for a bunch of different pools. And suddenly there was a bunch of drops on major pools and it just all pumped into ocean for like an hour. Joey, 300 X-a-hash won't just spin up out of nowhere. It's got to move from one to something else. And that's what happened. So was it a coordinated thing? I don't know. It could be one entity that was pointing to a bunch

of them. And it's, you know, let's just point to ocean for it. Like, I'm just looking at hold up, a whole different bunch of options that maybe, like Bob Burnett, for instance. He points a lot of his hash rate towards ocean, but not entirely there. So I would imagine other companies probably do the same. Marathon have their own pool, though. So that's the one thing. Yeah. Will we ever see anything on this?

Will we ever see it? Do we care? I don't know. We were talking to Twan about it when it happened because we were both like, something's going on with our miners. But, you know, turns out that it was this that was going on in the background. You were able to pick up on that. Yeah, it was the heaters, these heaters that just,

Mysteriously creates sats for people out there. That's so weird. It's such a good thing. We talked about spam. Let's talk about this next topic. And the U.S. government has entered the realm of storing shit on Bitcoin. This is a fucked up story. What is the...

Oh, fuck. Keep going. Sorry. What is the point? Let's first lay it out before we go. What is the point? Because this is the Commerce Department. They decided to post through economic data on multiple sources, including Bitcoin.

aside from Bitcoin this data ended up on Ethereum, Solana, Tron, avalanche, Stellar, and a few others. Like, what the fuck? The U.S. government are now spammers, right? Like, just by doing this. Sounds like you and you are the same boat.

Why? Don't get the fucking move. Publishing anything. On any blockchain, be a Bitcoin or whatever. All it means is you fucking paid the fees. It doesn't mean the information is accurate. I could post that I'm Satoshi anywhere I want. Doesn't mean I'm fucking Satoshi.

It means I just paid the fucking fees to put that on there. This is not a monumental moment in human history. I'm not going to tell my grandkids where I was when the U.S. government posts this shit on Bitcoin. I don't give me a shit about this. Sounds like you don't give me a shit about this. This is an embarrassing usage of offer return if you ask me. Why the fuck are they doing this?

Isn't the other thing to ask? This same government just said that the data collected is not accurate. And now they're putting that same data on the blockchain. This is the same government, right? same people it sure like what what is going on who cares about this who cares whose idea was this

I don't know it wasn't fucking Lutnik's idea like it wasn't Trump's idea who's idea was it he doesn't know anything about this whose idea was it you know who's idea I think it possibly was the guy behind Bitcoin magazine

maybe right right see all fucking all roads for scamming and spamming lead to that individual, right? Every one of them.

And they just, what the fuck does this do to advance Bitcoin? There's nothing. It's not a fucking database. We're going to use this for, I'm going to send you money. You're going to send me, just the way as Jared described

at the beginning of the show, this is a peer-to-peer electronic cash. I don't want to store fucking data on there. But even, like, people are making fun of Luke when he stored shit from the Bible back in the day on it. Granted,

an inscription but you know like whatever is there is there's not there's not one right answer about like what can go on there and what can't go on there you have to be ideologically sort of consistent and like none of this there's just there's no need for whether it's Bible verses or jpags or BLS data like it just doesn't matter it doesn't matter don't put it on there And if you do, like, don't make a big deal about it. Who cares, right? Does it even matter? No one's going to look at this ever again.

Are they going to put the revisions up there too? We're going to see some revisions go on there in three months. Like, I don't know, man. Maybe, maybe not. What a waste. Luckily that the fees. Didn't spike the fees, yeah. They didn't put a lot.

So luckily the fees are cheap. And it's not like, oh, what a waste of taxpayers. Fees are still only two sets of V bite, right? They're super, super cheap. It's very cheap. So that's why, like, what a waste of. It's only cost him a few bucks, right? Like, it wasn't, it's not like it was a big thing.

So in the grand scheme of things, it doesn't really add to the debt. It's just the idea behind it and what's going to be happening moving forward, what other data are they going to want store? Why would they want to do this on Bitcoin and all these other? Like, why just do it? It doesn't make any sense whatsoever. Shouldn't, if they publish it on their website, should that be enough? They control the website.

And it's out there and there's archives of that and shit. Like, isn't that enough to say, yeah, okay, that data is posting that date, and I can review it on the archives, but whatever. It just, it's a stupid use of opertern, if you ask me. The United States government spammers. They are spammers, right? In this instance, yes. They cross the threshold.

The Noster users out there, they now have another tool that they could use. And this is actually going to be interesting for you, Joey. The app called Damis is now available for Android users, up until Now is only available on iPhone. And currently Domus right now is only available on GitHub. So you have to go to GitHub.com slash Domus dash. Sorry, slash damest. com and then check it out there.

The code is available for anyone who wants to see it. Mostly written Rust for all you Rust fans out there. Soon will be available on the Play Store just not there yet. So if you want to get it, you have to go on to GitHub and grab it from there. And it's a pretty popular app from what I gather on the iPhone side of things. So iOS users like this as the interface of choice with Noster. And really, it's just another option available for people up there. I'm not sure how many people use Nostra.

I'm not sure how many people wanted to see Domas come to Android, but we have it now. It's good. For me, I use Amethyst and I like Amethyst, but I will try out Domas just to see if it's any different, any better. But check it out, just an option out there. I switched from iPhone to Android today. And I was using Damos on my iPhone for a few years. It's pretty good. And you know what?

I think the big thing to talk about isn't how good it is compared to Twitter or to whatever else. Twitter's always going to be a little bit ahead in terms of UI and sort of quality. But it's come a long way. The delta between where it started in terms of usability and feature set and now, it's a canyon. We see people posting these like trendy kind of Domus only video blogs. I should start doing that too and start posting once in a blue moon on Domus in video form. maybe ACL rehab stories or something. But the thing to keep watching, Len, is the number of competitors that pop up here.

I would like to know from, I guess, somebody in a know, maybe Will Kass Run or whatever, how many users, what's the DAU on Damis? Is it over a million? Is it 500,000? Is it 50,000? How many people are using that app, that service every day? I'd be very curious about how that has been trending. And I don't have a good source for that information, but I think that's key.

too. And as you see that those numbers grow, you know, there's certain thresholds you cross where you expect to see more competitors in the space. You may remember back in the day, before it was before Twitter became a censorship app. There was so many different Twitter apps that were better than the Twitter first party app that, you know, they decided to just shut it down and close off the API to everybody else. Domus and Nostra obviously not like that and wouldn't see that happen. But you should see the other side, which is more competitors popping up

and trying to use the app because there's more users there. And you want to feed those users, you know, certain ads or certain whatever. I guess I can't even do that because the model's a bit different. But I do think there's going to be more competitors

because the more people use stuff, the same as in Bitcoin, the more minds and eyes come to a certain, you know, silo, the more people think, yeah, I could do better than this. I could fix this or that about this app that app. And I expect to see that with the proliferation of

Noster clients, too. Remember when Twitter, as you mentioned, they got rid of those third party app? Yes. I was traumatized by that. I was a big tweet bot guy. Sweetbot was the best Twitter app. Nothing else was even close. Tweetbot 2 and 3 were unbelievable

apps for Twitter. I never used them. But that was an Elon initiative. He was the one at Spirit. It was before him. You sure? I thought this was all under his watch. Tweetbot was tweet bot got nuked a long long time ago unfortunately I'm wrong

you can see when did when did Twitter when did Elon buy Twitter I'm going to guess is 2022 2023 yeah something like that oh yeah maybe Twitter killed Twitter killed third party

so it 22 October was when Elon purchased it and he killed all that stuff in 2023 wow yeah so maybe so maybe there was maybe it was an unofficial killing by charging for the API.

Maybe that's what it was. When did tweet bot go offline? Tweetbot went offline. No, 23, too. Wow. It was that recent. Man, it was such a good app. So this wasn't the lot of initiative.

So he's the guy to blame for all this. Oh, damn it. Talk about a false bill of goods. This guy sold us over the last few years, eh? Just one after another. Now he started this new party? Get some more H-1Bs for your new party. Yeah.

Bring them in there. What's the party? name? I don't know. Is it American First? Indian programmers. Unite. No, no, no.

Is he against that H1B? No, he was for it for a long time. He may still be, I don't know. I mean, these guys are all just importing cheap labor. We should talk where LMA is tonight. Oh, we will. We'll go to Paul Garner specifically, yeah, because I like what's happening. We'll do one more Bitcoin-related story, and then we'll move on to the rest of your side.

So Nunchuk wallet, they rolled out a new feature. I'm not sure if you ever use Nunchok, but it's that app that you use for your phone. It's got support for a bunch of different hardware or signing devices. The big thing that people use with Numbchuk, Nunchuk, Nunchuk was tap signers, right? Dap Siner, yeah, a block stream jade, ledger, cold cards. And I guess you could use this a watch only as well for years. So that way nobody could, you know, you just basically keep track of what's going on with your stash. But either way, they are enabling support for miniscript in Nunchuk.

And what this does, it opens up capabilities up there for more advanced types of features for people out there and you can do like time lock shit like that with nunchucks moving forward and they have implemented two main templates decaying multi-sig template and expanding multi-sig templates those are two right now that have been set up so I don't want to get into the each of the two I just want to see that they have the miniscript that is now enabled in nunchok which I love to see and I'm not sure if cove has this as well no I hope they And I'm wondering if this is something that will be. I'm going to talk to Perveen offline.

Praveen is really trying to keep Kov simple, but I think there's a lot of stuff that he'll, my personal view, he'll probably add to it. Because he's too technical, he's too technically proficient to not add some of this stuff in an easy way. I think he'll be able to do it. Plus he just had his open stats renewed, right? So he's got a little more funding ramp now. I'm thinking along the lines that you could have a slider bar or not just a tick advanced features on or off. And then if you have it off, you won't have this

shit, but if you have it on, at least you do have it. I'm going to talk to him offline, give him some ideas. If he rolls with it, I'm going to get a cut of whatever you. You might get a, you might get a mesotron during the show if he's watching. Like, listen, bro. All right, that's it for the Bitcoin. Like I say, it's a little bit light in terms of news. It's still just that more than anything, what's dominating my feed is Mechanic and Luke

and Adam Back. I don't know who else is on the other side beside Adam Back. He's the one more prominent figures. Man, he's not looking good these days. not physically, at least with his stance. He's proposing some things. He was talking about shit being encrypted, and people say it's not fucking encrypted

when you store blobs of data. It's just like he just doesn't know, and he's just been getting called out. You know what pisses me off with that Nott's versus Core thing, too? That these guys just post screenshots of each other's tweets instead of tagging the other guy. There's a reason why. Why?

They're blocked? When you tag them, then you get more impressions to the other person. And when they get more impressions, they get when they're monotimes. Oh, they're gaming the algorithm? Is that what they're doing? Correct. So if you, so if, and I'm going to give something, I don't get some inside baseball information for myself.

My, I don't block people. I mute people. And my mute list is massive. And so the reason why I do that is there's no, there's no way anybody knows that I muted them. If they blocked you, there's a some sort of way to find out. But if you mute them, they don't know. And what that does on my side, I don't, none of those interaction.

showed up in my feed. And as a result, not that I mean anything in a grand scheme of things, but it's just my way to protest against those people I don't like. And they're not going to get any sort of reward from posting anything. Their interactions, it's not showing all this shit. That's my way of doing things. So I think that's the reason why they do it, is just to try to hurt them financially. Maybe.

Yeah, I hadn't really thought about that. That's it for the Bitcoin side of things, Joey. We could scoot on over to the rest of the news. Let's do it. Okay. If you're on audio. come back tomorrow if you're on videos to hear we're not going anywhere we're about to talk about all the latest and greatest and notable news so hang in there we'll be right back don't be a spammer