The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Is Your Bitcoin Privacy AT RISK? | The CBP 232 Pt 1

Episode Date: September 16, 2025

FRIENDS AND ENEMIESThe Trump administration is targeting YOUR BITCOIN PRIVACY! What does this mean for the future of Bitcoin, and should we be worried about this move. Plus, reaction to Charlie Kirk's assassination and the political ramifications, Canadians getting MAID for depression, and more.__ Join us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. From a couple of Canucks who like to talk about how Bitcoin will impact Canada. As always, none of the info is financial advice. Website: ⁠www.CanadianBitcoiners.com⁠Discord:   / discord   A part of the CBP Media Network: ⁠www.twitter.com/CBPMediaNetworkThis show is sponsored by: easyDNS - https://easydns.com EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. With DomainSure and EasyMail, you'll sleep soundly knowing your domain, email and information are private and protected. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - ⁠⁠https://mission.bullbitcoin.com/cbp⁠⁠ The CBP recommends Bull Bitcoin for all your BTC needs. There's never been a quicker, simpler, way to acquire Bitcoin. Use the link above for 25% off fees FOR LIFE, and start stacking today.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 It doesn't matter what topics discussed quality entertainment and information you can trust That's being planned or at least discussed, you know, we're not going to allow people to buy us up

You can trust send the guys some value boost them with some stats Bitcoin is a scarcity I mean it's just a fact geopolitical national down to the local Friends and enemies Trump administration making a play on privacy maybe the Patriot Act for digital assets we'll talk about that tonight. We're going to talk a little bit about Charlie Kirk. And, of course, the now famous or infamous line, I don't know, Hamilton Man versus Brampton, man. What's going on?

How that can you do? Yeah, I got another one of those, Joey, because people seem to love that segment of the show. And this weekend, I think it's going to be a good one. You probably guess it right off the bat, just given the contestants, but still the two stories, I think they're pretty darn good. And it probably highlights exactly what's going on in more so one of the two cities. you can probably guess which one of the two I'm positive I can't

right like you don't have do I have to go any further I can just leave it at that that city just keeps it's a gold mine right and you know it keeps on giving yeah yeah yeah you know we have like well what can I say even there was another like

I'm not sure who the heck was the culprit but apparently a 30 sorry 74 year old dude was run down a few people on the sidewalk yesterday afternoon just saw yeah And I don't know exactly who is behind a wheel. I mean, the guy's name, it looks like, I thought I just saw it on Twitter like an hour ago. Ah, is it similar to others or?

I think it's, um, it's not 100%, but I think it's, it's definitely possible that it's, uh, it's part of our favorite, um, demographic here. Our content, our content continues to roll on because of, uh, people like this. So I don't want to jinx it. But I think it is that guy. Obviously, we wish these people who passed away the best. Yeah, I just saw it. I happened to see it on Twitter.

I mean, obviously, Twitter knows what I like. It feeds me the same stuff every time. So, yeah, nothing new there. Let's talk about the sponsors. Easy DNS, the best place for you to basically do everything. Like, what does Mark not do? He will host your website for you. He just actually tweeted about how it doesn't matter what political stripe you are,

just because the teams seem to have changed priorities. He's still not going to take anyone down. He's got all the Bitcoin stuff you need with the virtual. private server options, Bitcoin nodes, Noster relays, you name it, you can do it there. And maybe most importantly, Len, Bitcoin on the balance sheet, yeah, he takes Bitcoin for services as well. For a couple extra bucks, you get extra security, domain share, easy mail, among other things. There's always people looking to grab your data, grab your customers, data.

Why would you let them? Just use Mark and do it properly, do it securely like we do. And you'd be happier that way, and you'd be glad you did. So go there, use the promo code, CPP Media, get 50% off your first round of buys. Didn't Trump famously say one time grab him by the domain name? He did say that. When you're a star, they just let you grab them by the domain name. Yeah.

So don't get Trump. Don't get your domain name grabbed. It touched me and I can't tell you where. We got another sponsor and that's Bull Bitcoin and where you could exchange like one of these. This is a Singapore, but imagine the Canadian version. even Mexican pesos, euros, a bunch of others. You could exchange that for Bitcoin, right? Like, that's what people want.

People want Bitcoin, not this. But I do like this, by the way. Thank you very much to wedge for the Singapore dollar. Bold Bitcoin, non-custodial. This is what you want in exchange. When you make your Bitcoin buy, you cannot facilitate it without, you cannot finalize it without providing a Bitcoin address. It may not be the right one,

but at least you have to provide one in order for them to make the buy. they're not going to hold it on to your Bitcoin onto that. So that's the way you want from the like others. They hold on to it. They could get rugged, stolen, hacked, whatever, not bull Bitcoin. Furthermore, you can buy gift cards. You can pay your bills. You can send money like e-transfer with your Bitcoin.

All through a bull Bitcoin. You can buy on-chain. You go buy lightning when fees are getting higher. They're not high yet. But you can still do that nonetheless. Check them out. If you do want to open an account in Canada, in Mexico, in Costa Rica, Argentina, parts of Europe. And I have nowhere else.

Am I missing somewhere? It's just everywhere the women are beautiful Bull Bitcoin is there providing their services Can't beat it. Is that a coincidence? We should ask the guys there, I'm not sure. I just want to also note, by the way, the only thing the Bull Bitcoin guys hate more than shit coins is the Toronto Maple Leafs.

Do you notice that in the group chat? They actually hate the Toronto Maple Leafs so much. It's funny that there's such hatred for the Toronto Maple Leafs. It's not like they've had some success. No. You're hating a franchise. Let's free. My dad moved to Canada the year that they won a cup.

He never saw them win again. Right? You think of how long ago that's a long time. Well, Bitcoin, use our code below or link below to sign up. If you do that, all buy is moving forward. It will be a little bit cheaper forever. You might as well do that. Can't beat it.

Bitcoin Conference 2025. If you haven't bought a ticket yet, why? It's in a month, four weeks from now. I'll be there. Lem will not. Some of your other favorites will be there. Punter Jeff will be there. Lawrence Lepard will be there

Francis will be there Hoddle D will be there He might not even be your favorite I don't know but he'll be there anyway And we're all going to be there talking Bitcoin Getting to know each other Sharing a few drinks sharing a few laughs And I think focusing on the mission

I mean last year we went through a bit of a Wasn't really a lull in price But certainly not where we are now And there's going to be a lot of talk I think about what should we be doing You know are we are we a political body Are we a voting block? What are we?

We've had politicians at the conference before, and this year, having seen the speaker's list, it's leaking out slowly, by the way. You guys will be thrilled with some of the stuff that they're doing. No bullshit. All signal can't beat it. So if you haven't picked up a ticket yet, you can grab one now. The conference agenda is out, boomer says, which is great. So I'm looking forward to you guys doing that and commenting, commenting,

in our chat and other places. So let's begin. I have no idea what's going on Wednesday this week. I'll be on the couch. What are you going to be doing Wednesday this week? I have an engagement in the evening, so I have nothing to do with CBP. It's already predefined for me.

So maybe I'll record a quick current or something and put it out on Wednesday to get some feedback. I haven't decided if I'm going to record something on Charlie Kirk or not. I want to talk about it tonight, but yeah, a lot of things are being said and done and postulated around his assassination, but we have nothing planned for Wednesday. So I'll think about releasing something. I think I have a few things in the hopper anyways that I've recorded already.

So maybe I'll put something out. Well, Booth? Yeah. We have first A-I-B-L-E, and it's all A.D-I-D-B. So A-B-L-B-S-B. Yeah, I must be. Well, what does, I don't know what the acronym would stand for. 100 stats.

He says, loving the conviction. and Passion, Joey and Lennar speaking with the last couple of ways. You can tell they really love this country. Thank you and God bless. And he does the prayer. Do you know what someone told me that the prayer hands are actually high five hands?

Oh, then it's high fiving. They look like prayer hands to me. I don't know. But I appreciate the comment all the same. And I do think, much like I've talked about Mike Campbell is like really starting to show some teeth

about a year and a half ago, I feel like we're going down the same road because, at least I am, I won't speak for Len, because I do love this country. And I love what it's provided me and my family. And I want my daughter to have an opportunity to grow up in a country like that. And what I see is that opportunity slipping away. And I prefer, especially with the platform, to say things and amplify messages that I think will contribute to making the country better long term, even if there's a little pain along the way. And that's an important thing to remember, I think, if you're speaking to people.

especially in a public venue. A little panel on the way. This is not code for there's another one in the oven, right? No, no, no, no, no. What did I say? What did I say? What did I say? Do we have another one in the oven?

No, no, no, I don't have another one in the oven. My wife is not prepared for a second one. My little one just started pulling herself up on everything. So the chaos here has truly begun at my house. Not to mention I've been laid up basically with the ACL surgery, right? Like I'm walking pretty good now, but for about two weeks, I was basically in a splint unless I was. just bending my knee to keep it from completely turning into licorice.

And she's 10 months now, right? 10 months. Yeah. She was born in November last year. Okay. Mo BTC, Dick, 500 sats, short and sweet. He says, RIP, Charlie. Yeah.

What a week. What a week. Dallas Smith, 600 stats. This is a good one, Joey. They're all good ones, by the way. But this one, for you more, I think so. He says, get your pal. That's your firearms license and reliable pump or semi-automatic shotgun.

Otherwise, you're literally defenseless against anyone with a weapon. The dude who stopped the home invasion with a knife got lucky. And I have a friend. I've played tennis and golf with him a lot. And I've played tennis with him this past weekend. He is a firearms old. And I learned something new, Joey, about firearms. Okay.

Two and a half years ago, 2020, October, since then, nobody could buy a handgun in Canada did you know that I think there's yeah there's some I don't know if it's is it nobody I thought it was some restrictions but there are some restrictions like

police like it's very very limited but they stop that so the pal you could with that then you could buy like you know a rifle and like what did they call that long barrel hunting guns yeah but then you need

the R pal to get the access to those handguns and stuff. And since October 2020, if you wanted to buy one, you can't. So this guy has a lot of them. And he's like, they're useless. I can't sell them. I can't buy any more.

The value is just, to me, that's basically it. So we've gotten to a point where you can't arm yourself with a handgun unless you have to go underground, unless I got it wrong. I don't know. Polly's in the chat's in the same thing. You cannot buy or sell handguns anymore. So, yeah, Polly, I trust. I trust Polly if he says that and you say that and I think there's something to it.

Yeah. I mean, it's, it's incredibly disheartening. Story after story after story. Kids as young as 10 killing other people with weapons and you, a law-abiding citizen, are told to bow down basically and not do anything. That won't last. I will tell you that will not last. Jer, 5,000 sats. Bless you, Jay.

And he writes in very simply pure signal. That's it. Thanks, buddy. Appreciate you. And last, but not least, we have Rod the Bob, Bob Palmer from the Bugle News 40 hours per week. Writes in for 10,000 sats by the way. Even more simple than the last one. Just writes signal.

That's it. Signal. Like the app. Yeah. Like what you got is signal. I appreciated those guys coming on last week. That was a fun show. So we spoke for about 10 minutes after the show, too, about some other stuff.

But those guys are, you know, sort of humorous by nature. And, you know, they are doing some satire there, obviously, but smart. And as always, there's more than just a nugget of truth in jokes and satire. So keep that in mind when you're listening to the bugle. And you should be listening to the bugle as part of your 40 hours per week. Doctor recommended. So. Yeah, I had a listen to that.

And a couple of, there's inaccuracies and misconceptions. I think we should just address from that episode. What? About your boycott? No, the boycott is what it is, right? I mean, you were saying that he lives rent-free in my head. I can assure you, Joey, I do not think about anybody unless it appears in front of me. Did I say that? Did I say that during the show?

But the reality is, I think about somebody like David Bailey, and this is the honest truth. Like, as much as like, I, fuck, like, and the WNBA. That's how much, like, the only thing. The only reason I would think about the WNBA is if it shows up like in my highlight real, not my timeline or something in the chat. And it's the exact same thing with Bailey.

You know what I've done with him and all his stuff? I've muted everything. And I've done it because I don't want his stuff polluting my timeline. I don't want him to get any benefit from getting another impression. So I just get rid of it and it's... You don't want to propagate his spam?

Is another way... I don't need to. And I don't need to. As long as you don't go the pletitor route, the, like, Pleditor, yeah, and that's when I see it, when he talks about it,

when he posts it, then it shows up, but if I don't get it, I don't think about it. Like, I could assure you, like, it's not living rent free.

I do not think about the guy. I'm busy enough. I can barely think about the shit I should be doing, never mind something like this. True. He's a, like,

I'll say it, he's a piece of trash. Oh. Regardless, he is. He is. He's a scammer. Right?

Like, he is. he's not against your against your opinion I think he's bad for Bitcoin and there's a reason why I boycotted it Boomer in the chat is saying

I put it on the screen here for people who are listening on audio since no one goes to YouTube I don't know why everyone listens on audio I know guys who don't even listen to the CBP but know that Len boycotted his own show

because the Bitcoin magazine guys came on think about that you know why I boycotted the show did you have a couple of good tennis nights or something you just need an excuse? No? No, man. I think my personal opinion

that the guy is a scammer. The guy is out there to scam people, rare sats, all that bullshit, right? We built a platform here. We built it from scratch. There was CBP six years ago just meant the guys in the States. Now at least you can say it's

something we built. I wouldn't want to bring a scammer on in a platform that we built to have that message brought to the forefront. It's just, it's diluting the product, right? It's, why, why don't we just do, like, crappy JPEGs? Why we start bringing on the people we email the show every week to get their CEO on? No, why don't we do like the, the, what do they call it, the open mouth, AI generated?

You know what I? Like, why don't we do that? Because there's integrity, there's principle. And that's the reason why I boycott it. It's not because of this or that. That's it. Like, the product is what I think it is. And I don't want to see it diluted to have a scammer.

Somebody that's out there to fucking take your money. How do fuck is one sat more rare than another? I get it. I continue to, my defense of that show is always going to be the same. That he was in the news at that time. And you and I had some disagreements on whether or not, we still do on whether or not Bickland Magazine, I think broadly has been good or bad for the space. And as well, I don't think, I think I think I

I asked him some difficult questions. The first 15 minutes that episode, I asked him some tough questions about UTXO, about a handful of other things. And I think it was important because, you know, the other thing I wanted to see, I'll say it, I don't think I've ever said this before,

but I'll say it now. You know, there was clearly some editorial tension at Bitcoin magazine. I know Mark was the editor-in-chief there for a while, and obviously does not work with them anymore. But you can see what Mark is doing now, right? He's very anti, I don't say anti-state, but he's anti. Mark Goodwin, you mean, right?

Yeah, Goodwin. He's anti-state's the wrong word, but I'll use it anyway. And, you know, there's clearly there a difference in opinion between him and Dave. And I thought that would make for good programming too. And I think it did. And I would love to and need to follow up with Mark because I want to have him on again and just ask him, you know, How do you feel now compared to, I don't know, a year ago, let's say, about Bitcoin magazine, about what they've done since, about all these things?

Be curious, what he thinks. Be curious what he thinks. Now, by the way, you mentioned there that we're not using clickbait thumbnails. But as you know. Yeah, I used the wrong term. Thank you. Yeah. As you know, I've been experimenting with vid IQ because I think it's fun to do so.

and oh my god I can't they won't let me download the image this is a sign from God we're never going to clickbait here should we start talking about something that's actually relevant to the program it's almost been 20 minutes I don't know if we should

I thought that was relevant because it's relevant and the last thing I want to point out is running the node Joey and you say that like because like it really depends it doesn't make somebody a Bitcoin or not Bitcoin

or it just depends on their journey they are you know somebody new in this space if they're not running a node fuck you they're not not a Bitcoiner They've suffered from the Streisend effect when we're looking at Fiat. But if somebody's been in for a few years and they choose not to run it, especially if they're running a show called the Canadian Bitcoiners, then it's, you know, it's a question, is there,

is that person really a fucking, you know, at the beginning of the show we hear that the only thing that's really secure is your self-custody Bitcoin and even MSTR and stuff is potentially up for grabs. Are those buzzwords or it just fucking is there? I don't know how these laughs managed to find the most difficult thing for me to defend. for that sound like i will help you i will just give me back that fucking computer i got i got to get it i got to get it to you basic fucking set up and just you're good to go all you got to do is just point your sparrow to that

yeah all these naysayers you could tell them the fuck off because then you're running it at that point where do you want to start with bitcoin news or do you want to start with kirk no no we'll do the bitcoin news because i i think that we talk a lot about bitcoin now we'll just pile it all in and then we'll do the Kirk stuff later. I guess the first thing, well, it's probably not the biggest news, but it's one I just want to bring up. There's these fake emails that are being thrown around by Blockstream, or at least a period coming from Blockstream that are floating around.

And in the emails, it's talking about you have to do an update to your jade, the firmware updates required. And so if you're a jade user out there and you get these emails, just disregard it. And if you're not a jade user and you get these emails disregarded as well, I would suggest potentially get a better device for signing your transactions. I'm looking at like a seed sign or a cold card, for instance. We trash the cold, sorry, the Jade Plus, not too long ago. I don't know if we trash the Jade, but I'll trash it if I, you know, it's a fine device,

but it's like, you know, you can do better. And it's expensive. I think one of the things we talked about was the price, right? The price is like basically the same as the cold card and you get a lot less, you know, usability features all that stuff and it's coming from the guy adam back that he's the guy running block stream you figured they would be releasing a product that is on par better than coin kite and their cold card but yeah and their queue but no it's just not it's in my opinion it's inferior to the queue and the seed signer and all that shit they i you know i owned a jade once i dumped

But anyways, going back to this email, I don't know how they got these email addresses, but there's email addresses out there that associate that particular email address to a Bitcoin owner, or at least one that has maybe a jade owner as well. That's kind of concerning because now you have this going out there and people know this. You know, the $5 wrench attacks, they're going to be more prevalent. So I look at that. It's like, shit, man. people have got these databases on people.

You and I are here every talk, ever we're talking with Bitcoin. But, you know, you talk about that you don't have anything of your Bitcoin here at your house. And me, I never talk anywhere like where to fuck it is. Yeah. I keep, I keep on mall here that I use for like the fantasy league. But that's about it. And, and, uh, a few hundred thousand stats of moat.

Yeah, exactly. It's like, that's like transitory. Transitory. I would say that, um, the Adam back thing and the jade thing, like I know this is about jade security and yeah, you're right. You should abandon that wallet. if you haven't already. But, you know, we've talked about Adam back losing the plot and potentially also being

in this like scammer class. I don't know if you saw it today, but Pleditor got a hold of the pre-IPO list of Nakamoto. You saw this? And Adam backs on it for almost 10 million shares. He's among the heaviest hitters in the pre-IPO sale. This guy doesn't give a shit about Bitcoin, honestly. He's, I think he's pro core as well. well, right? Fighting with mechanic and others. Buying shares in Nakamoto, releasing hardware

wallets that are inferior at the same price as stuff like Cold Card. And again, like, I just want to say, we have a relationship with Cold Card, but we're not in bed with Cold Card. Like, I use a cold card. Len uses a cold card. You know, a lot of people listen to the show use a cold card. But we've never taken money from them. I don't have to say that. I could take money from any software or hardware wallet, you know, go the breed love route where you're sitting on a lawn chair, reading a script, trying to talk to people about the I-coin wallet or whatever because they pay. And we get offers for shit like that with some frequency. We don't take them up because we don't think it's any better than the coal card. And, you know, for guys that got them

back to be releasing a product that is inferior and then, you know, largely quiet about the security thing on top of that it's a shame man it's a shame that's a that's a slay your hero's moment for me the nakamoto thing really does drive me nuts though that's um that's a bad one there's a lot of uh names on that list by the way that's not even on the that's not even on the agenda today but um that came up just today from pletado yeah a couple hours ago yeah now it's being asked by torrup is ledger better than jade i don't know he says i don't know now that's a good question Man, the original ledgers, like I stand by this, the original ledger NanoS is a fine device. It's a fine device.

Like, you could plug that in and set up a key without any interface and do it, you know, offline, right? Whatever offline means, you could do it offline. Now, you still need, no, actually, you don't even need it. You could use sparrow for it as well. The problem with the newer ledger devices is this ledger cloud seed, the recur. cover or feature, the wallets have tons of a tax surface area because they refuse to just go Bitcoin only, blah, blah, blah, blah, blah. The newer the wallet with those guys, the worse off you are.

But I think if you have a Ledger NanoS, you know, we talked about this before. Yeah, you should probably move to something else. But if you don't have anything else or you can't afford anything else, like don't worry too much about it. It's the newer ones, though, like these like the stacks or whatever, the giant like passport size thing with a huge touchscreen that's like obviously a Bitcoin wallet, I would would stay away from that personally yeah and boomer saying it same thing like i i really do think the software interface is the problem there i think the support for the s was stopped yeah they

first set it in 2022 maybe yeah i don't know so the nano s plus i think is what they're pushing right now and it's getting it's getting support by the folks at ledger and so to go back the difference you know do you have the feature list there or is it like it must be new part I don't know. We talked about it before. I black hole this fucking thing. You know what? Just to answer the question from Torup, to be honest, I'm going to say it's a coin flip,

which is better of the two. But if you have the ability to move to something better, definitely, the reason why I don't like the ledger, you have to plug it in to computer to make it work. That's how the data is sent over force. I don't like that. like an air gap thing. And Jade does have that, but how do you update the hardware? Sorry, to firmware in that. I actually just looked at a Jade. I have a Jade, obviously. It's like sitting in a bowl of assorted things that are behind the screen. So we're going to give it to a friend of

mine. And when I reset it, it did want to do a hardware update. So it does it OTA through your phone, through Green Wallet. There you go. You might be able to plug it into it, too. Honestly, I don't know. I would like to have the feature of taking an SD card. Obviously. I like that that's the cold card mentality I have. I think you're right about that. I mean, obviously, the air gap is like the sort of premium security

model for Bitcoin wallets. And that's what people should be looking at. The 100% air gap, when it's done properly, when your seeds are generated offline and you're doing the signing of the transaction on an air gap computer and a computer, if it's clean, you are

darn well sure that you're untouchable, yeah, you're untouchable. Yeah, and that's where you want to be at. That's, you know, being a sovereign Bitcoiner. And let's just quickly go to the next topic because we've been at this for almost half an hour, a few more topics to discuss. There was a milestone that was reached with BTC pay this past week,

Name Cheap, and they're a company that is similar to EasyDNS where they sell domains and web hosting. Inferior, inferior, yes, to EasyDNS. Nonetheless, that's the type of services that they offer well they have done a payment using their own very own btc pay server a server which they run or run and operate by themselves the payment was approximately two million dollars worth of bitcoin that was done that that looks like somebody may have bought a very popular domain that was on sale like a domain name like cats.com or where to fucking maybe i don't know it's probably not cats

But it's something like that, just if you get my drift. But either way, the sale was facilitated through Name Sheep's BTC pay server. And to me, I find this to be fucking cool because, you know, everyone could just send transactions. Like I could send you Bitcoin if you provide me an address, Joey. But to do it like on a storefront where it generates addresses per invoice, I like that. I would imagine this was done through on chain.

I'm almost positive this was not done through lightning. BTC paid gives you the option to use lightning or on-chain, but a $2 million-dollar-ish purchase with lightning would just simply drain the channels in entirety, so it's not feasible through lighting. So it was done through on-chain. That's just a little bit. Anyways, it's good to see that this transaction was done. In a way, that didn't need any third party.

It was done 100% by themselves. Essentially, they are their own bank. this gives lots of power to the merchant if we can show that this could be a medium of exchange because fees that are going to be going to a bank for anybody that does these type of purchases not existent waiting for days for settlements it's not existent it just shit just works i love seeing this bitcoin is a medium of exchange that's all i got to say because next story is going to talk about this more of length i think i want to know the number honestly that's what I want to know.

Well, two million or sorry, sorry, the domain. I want to know the domain. And you see. That's the big thing. Like I know we were talking to Mark about it a bit. There's no way to find out. So yeah, you got to imagine it's one of those one word, like, banger domains.

The question is which one? Not sure. It's great that it's paid in Bitcoin, though. I really like that. I'm trying to see if I could find it. There's no, it's nowhere. it's nowhere everyone is asking on twitter no one seems to have a lead on no i'm just trying to find comparable anything like nftccom for instance was sold for two million in 2021 god that's a disastrous

investment that's that's terribly disastrous angel dot com two million in 2021 um so those are some comparables but yeah so you know what sitting on a domain name is a very lucrative business for some people if you could find a right one so totally you know use our easy d ness referral code and fucking load up stack domains stack domains yeah just do a bunch right because the first purchase is going to be half off anyways uh so on the topic of using bitcoin as a medium of exchange i i think it's a good segue to this topic which i think is the biggest one at the week which the u.s government is talking about making it more difficult for people out there that are using mixing services maybe a little bit more than just that and this was a report

from rage and they're saying that digital assets like bitcoin and of course shikcoins are going to get some love from the patriot act and what is at stake here is the using or mixing of bitcoin and the government wants to modernize laws as it's trying to capture stuff like bitcoin in its grasp And specifically, they're talking about section 311 of the Patriot Act, and that's to allow the Treasury to ban specific cryptocurrency transactions. And they say the inclusion of a mixer rule as a way to ban mixing services and also the prohibiting the use of various privacy preserving behaviors and software, like pooling funds, single-use wallets, single-use wallets, like everybody's doing that.

splitting transactions and even delayed transfers like this is going to be that's something they want to deal with and everything what could happen from all this right if they decide to go this and everybody honors this law well it could lead to more centralization right because you're going to have more bitcoin that is going to be handled by certain people certain companies the ones that have the blessing of the government and also it's going to make surveillance easier right if they have more data more information and if it's the same few people that are dealing with it. This surveillance will be like we've never seen before in Bitcoin. Also, that you have the potential loss of fungibility. Why so? Because the government could impose, they're saying

a two-year ban on financial institutions handling funds routed through mixers. So if a financial institution were to do that, they get a two-year ban, the Bitcoin ends up wherever, probably gets flagged, and then it's going to be difficult to mix it or to add it to a wallet that has already transactions. You know what? It's this, I see. see, it's going to just be making it more of a headache to use Bitcoin within the confines of the United States. And this will then be copied elsewhere. Europe is already doing their own thing, which is going to be pretty draconian.

This is big fucking news, man. Big fucking news if this is reality. It is reality, number one. And I think there's a tie in here to the Kirk thing in that the administration feels emboldened to restrict funding for organizations that it views as terrorists or domestic terrorist adjacent, Antifa comes to mind, Trump saying not 15 minutes before we started the show that he's planning on designating Antifa, a terrorist

organization. You're in big trouble here, I think. And, you know, you and I have had our disagreements over the years about what it is we're supposed to be doing about political engagement in Bitcoin and whether or not we should be sort of removing ourselves and quarantining with other Bitcoiners, or we're supposed to be. should be using our resources and our time to engage with politicians to try and get sensible policy. It's still not a sure thing that any sensible policy will ever be enacted by any government. Because at the end of the day, what is this thing? It's a threat. It's a threat.

It's threat to their monetary superiority. It's a threat to their monopoly on violence. It's threat to everything. You know, police won't work for bad money. And so, you know, you run the risk of losing that arm, that capability if you're a government. Public servants won't work for bad money. And so you run the risk of losing your administration arm. I don't think that people realize how big a deal this is because it hasn't been widely discussed on Bitcoin Twitter. Instead, we're wasting our time talking about knots and core and you know this is the thing that really should be a uniting call i think that what you're going to see though then is this continued expansion of the patriot act to meet what they call modern threats the patriot act is you know

we can talk about snowed and all this stuff um it borders on criminal i think it might actually have been designated criminal in some respect by um by u.s courts but um the idea that that designation or public opinion about this is going to sway a government from, you know, trying to stop secret transactions, would it be used to be secret or harmful transactions? It's just not going to happen. You know, there's other stuff in here, too, like banning all cryptocurrency transactions for non-U.S. jurisdictions, you know, coming back to the states. The thing that you and I do agree on, although we may not agree on the outcome, is this game

a whack-a-mole is an impossible one to win outright. You're always going to be a little bit behind what the tech can do. It's open source. There's too many nodes, stuff like that. But the first time, it's one thing to grab somebody because they're running a mixing service and it's like money laundering or whatever, it's another thing entirely if someone gets nabbed under the Patriot Act for using a single transaction wallet. People will stop doing it. And that's when some of the Bitcoin ethos and mission truly dies. I don't know how you fix that. And there's going to be a lot of people dancing on the grave of private Bitcoin transactions

when and if this actually comes to fruition and succeeds. The only thing I can think of is that the government might just not, they just might not have the wherewithal to actually pull this off at the level of the Fed, like the federal government. I should say not the Federal Reserve, the federal government. but like I always say it just takes one high profile case to really neuter the ambition

of the rest of the community it's going to change your behavior if the U.S. government says if I was an American and the U.S. government said single use wallets are now going to be viewed as terrorist like going to be viewed against the Patriot Act

then yeah of course it would change my behavior, yeah. Rats is a rational outcome. And that would apply, I'm assuming, to, this is all hypothetical, by the way. Of course, yeah. To a stack that's KYC'd. Yes.

Something that's KYC freed. And hypothetically, if one has that, do you think that they would be worried and, would they still just deal with what they're worried? No, they ought to be. They ought to be worried. Yeah. Really, KYC free.

There's no such. The first thing is true, KYC-free. You know, if, if you're using a bunch of self-funded, you know, let's talk about Shoppers, Drug Mark, Post offices, right, whatever, if there's, you know, a real push against single-use wallets and the Canada Post people decide to give up, I don't know, security footage or whatever from those days or your bank decides to hand over, okay, well, this guy is taking out $500,000 in cash these days, you know, what was you doing with it? My point, and I think, I honestly do believe you're naive for thinking this is not true or not going to be the case. I think a lot of

Bitcoiners are in your boat. The government doesn't need to prove anything beyond like a reasonable doubt. There is no like, oh, you can't prove that it's mine. If they suspect it's yours, you're done. Your life becomes miserable. It's the process. that is the punishment in a lot of these cases. Onus is on them to prove it. You know what? No,

that's incorrect. It's not on them. The onus is on you to prove that it's not and you can't. No. You know what? Here it is.

You're a murderer. Yeah. You murdered somebody. Yeah. You say, no, I didn't. Yeah. Yes, you did. And I have to prove it.

Here's how you murdered it. The person you murdered, how it was done. Yeah. And I have to go through the onus to prove you to beat something I yeah that's what it is and for you to say no that like you know what I mean like it's all you got I have to fucking prove it yeah so you to say it doesn't mean anything you have to

fucking prove it now different ways one could purchase or accumulate bitcoin that's K YC free you could sell a service you could sell a good you can mine yeah there's a number of different ways and Joey and if you think that those could be like somehow tracked I got a bridge to yourself, your buddy, because there's no fucking way. K. Y, C free, done properly, is KYC free. So in that case, I'm truly of the camp that you could do whatever to fuck you want with it, regardless, hypothetically, of these laws. This is exactly the point I'm trying to make that, like, you keep on saying they have to prove it. It's not a murder case. Like, do you know the Patriot Act works? There's no requirement

for them to ask for surveillance. There's no requirement to them to ask. To ask. for data information on you. Then you're guilty regardless of if you're innocent or not. That's correct, sir. So all it is is your guilt. So my question is, my question is, do you want that attention by using a single use wallet? I think a lot of Bitcoiners, to, you know, to take a phrase from the kids, don't want

that smoke. And, you know, the idea that they're going to give you due process, like, have you heard like Gitmo? Have you heard of, like, how many people arrested under the Patriot Act have you seen on trial on, like, court TV, zero? because they don't go through normal processes. The government, especially in the United States, is not interested in normal processes.

They're not interested in any of this stuff. If they designate you a terrorist or they want to teach somebody a lesson or make an example out of you, they'll do it. Of course they'll do it. And I do appreciate that there's due process and a lot of other sort of facets of criminal law. And there may also be due process under the Patriot Act.

But the government, like, I can't, I don't know, we have a fundamental disagreement here on what they have to do to make your life extremely difficult or put you in jail. And to me, it's like they just have to have a suspicion and they'll make sure that it gets done. And that's it. Then there's nothing I could do regardless if I have a stack or don't have a stack, I'm guilty as charged. And I'm going to pay the price as a result of that. And that's fine. So if I can change the end result, I'm just going to continually do what I do. is it's going to, nothing I could do will change it.

And that's, my fate is sealed. If that's the case, that is, I'm changing nothing. Now, the question is, where are people like Dennis Porter? Where are people like Cynthia Lomas? We need Brad Mills. We need Brad Mills. He's the Canadian guy. So he's obviously not going to lobby the American government.

But where is the Dennis Porter's of the world? It's good question. I mean, Lammis, I think, has been proven. I don't follow him. He's muted on my account. I can't see what the fuck he's up to. Does he follow pop up on your feet every so often? For me, I should ask him.

Maybe it's time to bring them back on. Maybe it's time to bring them back on. And like I see people in the chat saying like I'm tinfoil hatting or like the CRA can't get like they're they can't track your non-KIC SATs. It's like it's not if you deal with the CRA, okay, it's like years and years sometimes. I remember when I went to teachers college in the U.S. It was like years and years of hassle with them about my RESP about whether or not. There was some tax refunds available to me because I went to the States or not. They were asking for money back.

I was getting, you know, I still remember this. My dad might remember that might remember too. We got a big check from the CRA as a tax refund. And in the same batch of mail, there was a letter from the CRA asking for about half of that sum back as mistaxes on all this stuff for the cash taxes on the RESP. Like, you know, not to, I don't want to keep dwelling on this, but I think there's, you know, If you look at Tornado Cash and Samurai and these other mixers, okay, you know, I bet you if you went back in our archives, we had the same discussion. Like, well, you can't tell me that if I'm mixing, it's illegal because you don't know,

you know, who's running the coordinators or whatever. Like, they will figure it out or, or they will die trying. And because they don't, they're not in the business of, like I said, they're on the business of the appearance of weakness for sure, more than anything. else. You know, terrorism funding and criminal activity and money laundering, totally. Okay, it happens, whatever. But what they're not in the business of is weakness and looking weak. And so I think especially in the Bitcoin space where people have gotten a little too big for their bridges online, someone will get made an example of. And it sucks to say. Like, obviously,

I hope it doesn't happen. But if I was a betting man, that's what I would bet on. And I bet you it happens inside of three years, let's say, if this passes in the next year. So somebody that has a KYC free stack, they accuse them or whatever of having that KYC. There was no evidence to support that they have it. Just simply broad suspicion. And that person gets put in the slumber. Is that really what I'm getting at? Is that the end result here?

I think it's going to be a little more than broad suspicion. I think it's going to be like either cash transactions or stuff set on a podcast or a tweet or a Discord chat or whatever. So when I'm trying to get that, to go back what I said before, when it's KYC free, when it's truly KYC free, then you're not making those transactions with those cash transactions.

You're not bragging about it on Twitter. You're not bragging about it on a fucking podcast. It's just, it's simply off the radar. Now, again, somebody could have, we'll go back, the suspicion. They may suspect that you have it.

Are you going to go to this lamber just from that suspicion of having and utilizing KYC free Bitcoin. And keep in mind, we're talking it's a risk. It's a risk. It's a risk. It's not right. I'm asking, you're going to slammer? Is that within three years? I think it's, I think it's a risk.

Yeah. I think it's a risk. I'll I'll take the know on this polymarket. It's not going to happen. If somebody makes mistakes, absolutely. But when somebody makes the proper steps to ensure that it's truly KYC free, good fucking lot. Do you think they go backwards? I think the big question is, will they go backwards and see one wallet transactions as suspicious.

Like is that a good place to start the surveillance, the monitoring? I don't know. It can be. It could be a number of different things. It could be activities. It could be who you're hanging around. I'm sure they could log where your cell phone, where you're going and stuff. There's lots of different things they could utilize to help identify

if somebody's doing something that's suspicious. Yeah. I keep on seeing comments in the chat about the CRA. The CRA is not going to do anything. The CRA is going to give names and some other company will do this, by the way. CRA doesn't have to be competent. They just have to have a list of names. So that's another, I don't think that's a valid argument.

The CRA is never going to learn a chain analysis with plenty of other companies claim to know and there's precedent for using them, whether they're accurate or not. Where it becomes more easier to do the chain analysis is when stuff is centralized. Yeah. Is when this stuff does happen

when you're forced to use a centralized body. Totally agree. Then, yeah. But then that's just for your, the stack that's been already been K. seed and as long as you one hypothetically somebody has two different stacks and they keep them as two different stacks and they utilize them like that I would imagine that you're you know there may be suspicion but like every bitcoiner was going to be deemed to be suspicious

anybody that has right so that we should we should everybody seem to be suspicious we're both spending way too much time in our basements talking to each other on the internet we got stuff. Hey, no, we have lots of talk about because the clown world is very clownish this week. A lot of notable stories. I don't know. It's more just a few big ones, but I guess we'll do one more

before we go to the others. Because we talked about Bitcoin as a medium of exchange. I talked about BTCPA. And we talked about the US government and the Patriot Act. Now, this next one, the U.S. government looks like they're going to be giving the blessing

to Tether for, because Tether's bond the USAT and it's a new stable coin and it's a US only stable coin that is supposed to be 100% compliant with the Genius Lenny Poffel Act and this means it's going to be backed by liquid assets that's in order to be compliant with that act you got to have liquid assets like US dollars, treasuries and all that shit to cover whatever US AT and DTO in this case AT that's going to be issued. They're hoping to have this schedule. for release sometime this year and yeah boehynes definitely is part of it he is the former white house

crypto council executive director so he has connections with the white house and he's the CEO of this project and the aim is to be a u.s. regulated stable coin and i'm guessing a competitor to us dc that's the only thing i could consider this is because oh did we lose joey or did we lose me? Ladies gentlemen, on the chat, let me know if it's me, you see? I know all joy is coming back. I'm sorry.

My nose says those back and forth clickers on it. I don't know if I left or you left. Either way, so it looks like this is going to be a contender against USDC. That's the way I look at it, because USDA seems to have the blessing of the government until now. Anchorage is one of the shareholders of this new venture. And also Cantor Fitzgerald will be serving as USAT's custodian.

You honestly can't make. this shit up. Canter Fitzgerald like you got these guys in the White House. Bo Hines, 29 year old Wonder Kid, appeared on podcast next to David Sacks the Cryptozar, leaves to work for Tether. They start their own stable coin.

They get sanctioned. They wrap it up in some American LLC with Mallors and these other guys. And by the way, we said this months ago when it happened. They're going to use this US veil to put themselves on the map in

in America, because tether proper is not able to be used in America, at least at the moment. And by the way, Len, what is this going to, what is this going to turn into? You say a CBDC. Yeah, it's going to be a controlled currency. CBDC maybe, I think, is starting to become a term that probably isn't accurately representing what we're seeing developed. But I think pragmatically the same. Yeah, what do you think?

Okay, I'll go with that. I mean, deputizing, deputizing American companies to do things government wants to do, but is, you know, it's at least in theory illegal for them to do it, especially in the States. You know, I mean, just a different note, something I found interesting through all this. And I fucking totally forgot. You know where Tether,

the company tethered their head office where they're located? No. El Salvador. Hey, really. You think they fucking, they're kicking themselves for making that move? Like, you know what I mean? Like, they got to be looking shit. Should they be moving somewhere? or else. Anyways, that's just aside from this. I found this move, this USAT release the news

in conjunction with the Patriot Act information we were just talking about. I found it to be really interesting. One in its own is interesting. Combined? Man, you know what I mean? You're talking centralizing transactions with Bitcoin. We're not centralized, at least trying to. I agree. I agree. Lent, I think you're correct. Yeah, there's, yeah, there's, I don't know, it's just, I think it's coincidence. I don't think this was meant to be. It's just, I found it fucking interesting, nonetheless. This is a fucking big news, I think, this USAT stuff.

But it's only for the US, within the US borders, right? Yeah. So I'm curious how that's going to work. So if you move it to somebody outside, it cannot be spent outside of United States. I'm guessing, right? Like, you could take those keys with you to. UK but you can't spend them there you can't use an exchange over there

to transfer it over to something else I'm guessing that's going to work Yeah I'm not sure Maybe that's how it's going to be It's like the only way to do a transaction Or to have any business Accept it be it a goods or services Or an exchange it's got to be US based

I'm guessing There's going to be some rules and regs around it I think you're right though I think like to pretend that these are not related Yeah I think it's incorrect it's not about treasury demand you know it's it's a nice benefit nice sort of secondary effect but it's not it's not about that it's about uh centralization and control here i believe i just we just lost the twitter feeds on stream yard stream yard's been acting weird today me and lem we're having

some trouble with it before we started and now we're having trouble with it again i can't even see my own twitter feed in the stream yard options so i don't know what happened there but anyway it doesn't matter you know i'm trying to take a look at it's slow i'm trying to see circle uh s r sorry c r c l it went up 7% today i was expecting it this to go down in the past week it's gone up yeah so it's up over to week too like it's this is funny i would expect that this news would have taken a bite out of circle but apparently not yeah isn't it doesn't seem like it's a competitor to circle i of course i think it like it obviously is yeah i think that's true yeah i believe that to be surprised that the markets didn't react

the way it does. One more story or do Cutter quits? No, let's do one more. I would also note that like USDC, like how many stable coins are going to exist on U.S. soil? Like regulated? Yeah. It looks like two.

I think that's probably one too many. So who's going to take the cake here? I honestly, Len, even though they weren't the first movie. in this case, I would not be betting against Tether here. There's only so much to make it around. Tether's an international name. Cantra Fitzgerald and Bo Hines.

You know, like, they just, yeah. Beases up the sleeve for them. Yeah, I think so. I think that's probably the case. You got guys leaving the administration and going to work there. Like, presumably Hines could have chosen any crypto Bitcoin company to work at. and this is what he chose like is that guy really going to hitch his wagon

to a losing horse I doubt it so to me it's like pretty obvious if you're a circle investor I would be I'd be thinking twice about that you could have went to work for a swan we made him an offer wasn't as lucrative but yeah I would like to have him on

like that's one publicly traded company yeah I forget the ticker name for that I mean they all are but yeah swans is especially abysmal I forget I think like MSTR has been pretty good. MSTR is fine, yeah.

Yeah. Yeah. So I think that's been relatively stable. But others, yeah, whatever. We'll do one more. Sure. Your choice.

I'll give you the nerd miner or we can talk about Argo, your choice. Argo is a bit of this news, but I mean, we could talk about it if you want. Do you care about any of this stuff? Like Argo blockchain?

It's a name we haven't, we haven't mentioned Argo blockchain. on this show in three years. Yeah, there's a reason we don't talk much about minors in general. Yeah. There's a reason why

I brought it up. And the story itself, you're right, it's dry, but you've got to cut through it to get some meat from this. And so Argo is a publicly traded Bitcoin miners.

In fact, it's one of the oldest publicly traded Bitcoin miners out there. But it's just some rough times for some years. And they're in discussion with a company by name of Growler

mining. And this is a privately held company that is U.S. based and Argo is a UK based company. So just for a little bit of information there. And to avoid going tits up, Argo is going to be getting growler to step to the plate. And they're going to be giving them a lifeline to the tomb of $7.5 billion as a low. Not billion. Not billion. I don't see it as billion. I see it as million. like it's nothing

well the way this is what I get is that it's going to be they need the liquidity immediately to keep everything from working and the loan is not just a loan

it's going to be transferred to ownership later on and they're going to be picking up a distressed asset for pennies in the dollar in that case right like the I'm looking at this. Anytime anyone says picking up a distressed asset, my eyebrows go up. The years, the years also go up.

This is what they should be going up. So they're going to be getting growler more equipment and more. They're going to grow their operation at a fraction of the cost that would normally. And not just that, this is the way things are going to be going with these publicly traded Bitcoin miners. Probably even privately ones. You're going to have consolidation. is having a lot of these smaller ones just doesn't make sense

hash rate goes up it's going up significantly we're at Zeta hash now I think is Zeta hash I don't want to pronounce that Words we can't pronounce exactly I was what to say That's how you know it's high Yeah

The price of Bitcoin has been It's been stable What is it's about a buck 15 buck 14 buck 16 something like that Yeah sounds right And so the cost for mining Bitcoin goes up the returns for mining bitcoin go down is it's going to be you know the hash rate goes up so the

rewards go down and when you're in a pool and so it's just you're going to have more consolidation in this space and argo being one of the oldest companies out there they couldn't do it on their own you're going to see a lot of the ship moving forward and for better or for worse this is what's going to happen that's why i found a story to be kind of fascinating like the argo story by this own, not so much, but when you pick at it, and this is probably going to be prevalent moving forward. I think that this is going to be a fun narrative to at least play out, right? Let's see stuff like this happen more often. Do you, looking back at our old shows, you used to do the mining updates. Remember we used to talk a lot,

we used to talk a lot about, not just miners, but whether or not there would be a lot of mergers and acquisitions in the space. And I think both of us, if you go back to those early days, I bet you we both thought there was going to be more than what we've seen so far. Been through basically two bare markets since we started the podcast. And there hasn't been any really huge, at least not reported on public mining acquisitions, which is weird to me. Maybe those companies are more resilient than we gave them credit for. Certainly that I gave them credit for.

I don't want to put words in your mouth. No, no. I thought there would be way more. Yeah. And we haven't. 7.5 million. I confirmed that, not billion. Yeah.

And we haven't really seen it, right? haven't really seen all that much of it. So there's an appetite to pick these things up on the cheap, but not really to consolidate. So, oh, interesting. We were wrong about that. We were, we were rarely wrong in the early days about stuff. No, I think, I think the trend, directionally, some of the stuff we were saying, like, we're pretty spot on. I think we were, we were good with that. But this one we were wrong on. I wonder who could tell us why. I think credit was still cheap enough. Maybe.

Companies could still borrow. Yeah, could be right about that. We're getting to the end of that cheap credit and, you know. For now, I mean, see what happens. The Fed is this week, right? I think, the 15th. It's 17th.

Yeah. It's Wednesday. Yeah. We could live stream it. We can live stream it and then that way we have some content to put out that night. Live reaction, 9 a.m. 9 a.m. coffee. Oh, okay.

Yeah. If it's in the evening, I can't. Coffee with your, coffee with Jerome. Whatever. I think they don't do it. I think they were like one. So we could maybe do it. I'll think about it.

I might have physio at 1 o'clock on Wednesday. I don't remember now. So you do it while you're doing a physio while they're fucking stretching you out and stuff. Raising my leg. This is real physio. This is not muscle pole. This is my one leg is like significantly smaller from being in a cast or splint for two weeks. Anyway, let's go to the notable stories.

If you're on audio, hang with us. Or sorry, if you're on video hang with us. If you're on audio, come back tomorrow for the back half where we discuss all latest all the latest and notable news around the world specifically Canada obviously since this is a Canadian show so anyway we'll talk to you soon take care yourselves don't be a cock