The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Quebec Wants YOU to have TWO WIVES, Coinbase Yield Launches, Spam on Bitcoin AGAIN | CBP 213 Pt. 1

Episode Date: May 6, 2025

FRIENDS AND ENEMIESIn this episode of CBP, we're diving into the wild world of Canadian politics, where Quebec is making headlines with a controversial proposal that's got everyone talking. Meanwhile, Coinbase Yield has officially launched, but will it have a significant impact on the bitcoin price? And, unfortunately, spam on bitcoin is back in the spotlight, causing frustration among bitcoin core enthusiasts. We're also discussing the latest bitcoin predictions from experts like Michael Saylor, and how the Canadian election could affect the market. Additionally, we're exploring the potential consequences of Trump's tariffs, Alberta's separatist movement, and UPS' recent job cuts. Join us as we break down the latest news and trends in the world of bitcoin and beyond!#Bitcoin #michaelsaylor #mstr #carney #canadaimmigration #canadianpolitics #btc #alberta #ab #polygamy #polyamory 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: https://discord.com/invite/YgPJVbGCZX A part of the CBP Media Network: ⁠www.twitter.com/CBPMediaNetworkThis show is sponsored by: easyDNS - ⁠⁠www.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.🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/6502465020362752

Friends and enemies. Welcome back to the Canadian Bitcoiners podcast, The Mighty CBP, where we only use junkie clickbait thumbnails to insult those who are paying for them. My name is Joey. That's Len. 630 start today, Len. The leafers are on at 8 PM. At least that's the alleged puck drop time. I have an ongoing beef with sports. 805? Yeah. I mean, this is the case, right? So it says eight on the, on the score app, but it's not going to start till quarter after, I don't think. No, it's usually like, this is going back a long time when I used to watch it. It's like eight Oh five puck drop or

something like that. Something Oh five usually, and it gives enough time to do the pre-show, get things going and then land declaration, right? We're the home team. So it's going to be a land declaration. Yeah. I used to watch before all this stuff used to take place. So it's hard for me to say what's going on nowadays. Better less, I say the better. It's red dress day, by the way. Just leave it at that too. No comment. Yeah, that's great. We have lots to talk about tonight. There's some stuff we want to cover from last week since we did the election last week. Big thanks again to our panel. Boomer, Francis, Brad, me and you Len, Mark, Tom. Busy night. And you know what? And everybody that tuned in. Yeah. Yeah. We ended up getting,

we ended up getting like 5,000 views on YouTube. There's another 3,000 on my, on my Twitter. I don't know how many on yours are on the shows, but a lot of people watched. I would guess that was one of the top second screens for the election out there. We were on on par with CBC that day. They were looking at us. These guys are taking away our numbers. The mood was a little different on our network than on CBC's unfortunately, but that's all right. You know what? No problem. We got to get a mainstream TV so that when people click on channel, whatever, who's going to take us who are we going to broadcast to on terrestrial television? No, no, we just apply for our own channel. We're taking it

over, right? We, we got enough sats, we could do something right. We just write the Canadian dollars not doing all that great comparatively to others. So let's do it. Let's show off our financial might. We'll talk about it in the meantime. Before we get into housekeeping, the sponsors, easy DNS, the best place for you to host your website, your content. Mark is always adding things to the suite of available services at easy DNS. You can pay a couple extra bucks, get domain share. We talked about that. If you want to like lock up your URL and all this other good stuff, make sure you're not getting got by nefarious actors. But he also told us last week that he started

something called Easy Mail to stop your emails from getting spoofed and whatnot. Which is great. I mean you can do basically anything with EasyDNS. All the basics obviously. You can port a domain, buy a domain, all that good stuff. You get an email to go with it of course. You could have figured that out by what I said earlier. But then also if you're a Bitcoiner, virtual private server stuff lets you use a VPS for Nostra Relay, Bitcoin Node, BTC Pay Server, whatever. Lots of options and money back guarantee. Not that you'll need it. And of course you can pay in Bitcoin. Mark has been taking Bitcoin for services for

more than a decade, which is more than I can say for basically any other company. Use the promo code CBPMedia, half off your first round of buys. I want to get, that ad read has to be good because there's another show with two seasoned lawyers and they have like a separate ad read they've recorded for Mark and EZ easy DNS. It's pretty fucking good. I got to say. So I got to work on the easy DNS read on CBP. But we'll do it. You don't wreck the hall and do this right. We'll leave for the suits and right in front

of a crowd. It's funny. It's something nice. Yeah. It's funny how good it is over there. But listen, we, we are a different brand of show and we're glad the market sponsors us all the same. Even if it means that we're bull Bitcoin. Yeah, 100% bull Bitcoin. Totally. So I'll talk about it more in depth because bull Bitcoin had a huge update in Canada, the rest of the world. Joey, you all right buddy? Yeah, took a big sip of coffee there, a little too much. So yeah, as I was mentioning, well, Bitcoin, huge update in Canada,

if you went to our website and you started transacting with them. So you can buy Bitcoin, you can sell Bitcoin using their services, on-chain lightning. On-chain is still so cheap, what I think it will be in the future. So continually use that. That's just my opinion, but do your own research, of course. But just not simply just buy your Bitcoin or sell a Bitcoin. You can just use your Bitcoin in other ways. You can pay your bills like give a credit card bill You have a car payment whatever I mean you could use their bill servers to pay Your bills and you're going to be using your bitcoin to do that So that's one way you could start using your bitcoin as a medium of exchange

Second because in canada you can't go to direct to it To a vendor and say I want to buy this can of coke with Bitcoin They won't really allow that for the most part hard to find a vendor like that So you could buy gift cards with your Bitcoin So that's one way you can start indirectly spending your Bitcoin in a real world You can live on the Bitcoin standard just the way Satoshi wanted you to open an account If you do that, you're gonna get zero point two five percent taken off all buys moving forward So you can see the

spread is going to be right there. Just pretend take 0.25% off all buys moving forward. This will add up in the long run. Check them out, open an account if you haven't yet already done so. Pretty huge. We like that housekeeping. So last week had a great conversation with millennial moron who was on the show for the first time. He's a very fun guy. Talked to him a bit before, talked to him a bit after, and he is now starting to do some interviews on his channel with some interesting people. I don't agree with everything he thinks obviously, but like many people my age Len and in my demo, we share a lot of concerns around housing. We've both thought

about the pension and whether or not the pension is the best option for us as young ish Canadians. And there's a handful of other topics that we covered CPP check pension you're talking about CPP. Yeah, CPP. So, you know, it's interesting to talk to guys who are I think by all accounts not as extreme as maybe you and I are in our views, especially in the finance and economics silo. But to have those concerns echoed by by someone the finance and economics silo. But to have those concerns echoed by someone who's in another silo and a little more balanced, at least in their online persona,

tells you something that those those concerns are valid and probably concerns that a lot of other people have. And so that was a good conversation. I hope to have him back and I'm sure he will return to the show if we ask. I was also on the bugle last week, great time with Rod Palmer, Rodeo Rod. We talked about a lot of stuff. We talked about the clickbait boys. We talked about whether or not True Heather is hot. She is. I'm not saying she's not. Okay, I've taken a lot of shit from people already about that. We talked about whether Brad Mills can be the Canadian Dennis Porter. Possible. Very

possible. And a lot of other stuff. Great time with those with those guys. It was just Rod and I. Len, I've been told that I'm funny a lot in my life but I really think that those guys, the two of them, have like a gift for off-the-cuff humor. He had me laughing a couple times pretty good. Like anytime he mentioned that Canadians, if we don't get it together, are going to be using tether on Tron, I started laughing. You should check that interview out if you haven't already. And it's, I know that it's only on Fountain, that podcast, Bugle, but I did find the RSS feed and import it to Pocket Cast. So now if you're on Pocket Cast, you can type in the Bugle Weekly, I think is the official name of the podcast and you can find

it there as well. And if you want to put it in your favorite podcast app, let me know. I'll get you the RSS feed and you can bring it over there too. That's interesting that it was only available on Fountain. As far as I can tell, I couldn't find it anywhere else. And I can't tell because I don't use any other podcasting app. So yeah, I'm the worst person. That's interesting. I thought when you added stuff to fountain, it had to have already been on one of the other major feeds and then you kind of just

imported into the fountain. It's a good question. I remember when we did ours, we were already on some other feeds. Although so boomer saying it's on Spotify to maybe it was just Pocket Cast. It was not. I couldn't find it on Apple and then I thought if it's not on Apple, it's probably not on Pocket Cast, so I had to go digging for the RSS feed.

But that's good to know. Wow. I'm surprised you couldn't find it on Apple, but you could find it on Spotify. I thought they all just pulled from the same source. What the fuck though, I know of course. Well, there you go. A good interview. I listened to a little bit at the beginning and it was pretty funny.

The one thing I was missing- God, at the beginning. Oh my God. The one thing they missed though, there was no audio of the Raptors winning the championship. Did you notice that? Because they had the Jays, they had the Olympic hockey, they had a whole bunch of things, but nothing about the Raptors missing. Why?

Is there not an iconic call? There would have been for the conference semi-final the kawaii lander bounce around shot. Yeah, but I mean, that's not a championship call. So maybe if there's trying to stay thematic to championship calls, they might have had a hard time finding one for basketball. Obviously there, you know, there is one somewhere, but it wouldn't have been iconic like the ones they picked. So there you go. Yeah. Who we got this week? Who are you talking to this week?'re doing two interviews in our fundamentals Fundy I've been moving shit around and tomorrow

40 hours per week fundamentals is coming on and he has a new book coming out the handbook of institutional Bitcoin and we'll be talking about this and just catching up in general with him and maybe let's getting at his list of what is Are his podcast that he gets to that 40 hours. 40 hours is a fucking con. It's an incredible one. You're doing other things, you're running, you're doing other things and you could catch up like that, but man oh man, that's another 40 hours you got to put in. But I guess if you do it at 1.5 or 2x, you could bring it down to 20 hours a week, which is much more manageable. But boom dust in there, man. Good for you for getting to like 80 hours a week.

Yeah. I don't, how many hours of podcasts would you say you listen to? Like sometimes when I come into work, you're listening to stuff. Like are you listening to a lot? No. If I'm like five hours, it's a lot a week. Yeah. For a week. Wow. For a week. Yeah. It's and yeah, that's a lot. I don't think I even get to five. Maybe two. Oh, man.

I do like five hours a day. I do like five hours a day. And I just yeah, I used to be huge into that, but I just stopped that for a lot of it is just the same old, same old stuff in terms of getting information. It's just, you know, doom and gloom here or just, I'm not into the fint wit. I don't give a shit about that. So I just listened to, you know, a few shows that I like and that's it. I got my podcast set on 1.2 speed with trim audio, like trim silences set to Mad Max.

So all my podcasts are absolutely flying. They sound like TikTok videos where there's just someone talking at all times. And they're talking quite quickly. It's still- Top podcast? What's that? What's your top podcast?

My top one? You know, there's probably a way to check this, but- No, no, rather than checking, in a week,, what is it one that you truly enjoy to hear? Every week? Yeah. Let me look through here. What is the one that sticks out to me? You know what I listen to every episode of? The Market Huddle, which is Kevin Muir and Patrick Shrezna. I listen to almost every episode of the Bill Simmons podcast, which I can't believe I'm admitting, but yeah, he's pretty good.

The R. Bill Simmons podcast by friend of the show, podcast, which I can't believe I'm admitting, but yeah, he's pretty good. The R Bill Simmons podcast by friend of the show, SB also very good. The Kevin Sheehan show for the Redskins talk, like that. Your Life, Your Terms, I listen to not every episode, but a bunch of them. There's a few. Bet the Process I really like is a gambling podcast, but it's two data guys. I like that one. There's a bunch, but I would say my, Len, my top one, honestly, where I don't miss an episode doesn't release that often, but I never miss an episode is probably Red Scare. That's the one I listen to the most. Never heard of that one.

Yeah. It's two girls in a, some kind of Soho apartment in, uh, New Jersey. I'm pretty sure talking about political events, very, very unsanitized and politically incorrect. So, you know, Canadian or American based American Okay. Yeah, there you go. You got Joey's list right there So if you want to tap into what he's listening to in a week, you could do that right there So Joey, I want to do some boosts because we got and you know what? We didn't do this justice because we missed some boosts last week And I just want to tap into we didn't't. So everybody that's boosting, I appreciate, we appreciate your boost and here's the messages.

I go along with it. It's top W cone. Top W cone has done a few of them, 250 sats. He says, I agree. The only thing that matters is do you have more sats today than yesterday? I've joined these 365 DCA challenge from Jack Spearco, that's a noster who has started it. Every day I have an automatic buy set on strike so I can say yes to that question hoping to increase the daily to $4 US soon as the next debt is gone. I wonder what he has to clear off maybe credit card debt or something but I like that doing a DCA is again, not financial advice, of course, but it's a good way just to really get a little bit more Bitcoin every day.

And over time it adds up and you don't miss it. Four dollars a day. If this guy's hoping to increase it, what is he now? Two bucks. It's one coffee. Come on. It's nothing. Yeah. Yeah. Like it's fucking nothing. So like that's the way to do it, man. So totally agree. You should be buying. Yeah, you should be buying. I mean, I'll speak for myself. I buy minimum a couple hundred bucks every month and I don't miss it. I plan for it.

And then if I decide I want to buy more, I buy more, but you should have the DCA should be a minimum, not a maximum is the advice I would give you. Um, plan for your DCA, never break from that plan, save for some catastrophic event obviously, but that's the minimum. And if you have a minimum buy, you're gold. You're going to really appreciate that you did that years down the line. Doug and Rup, 575SATS, he says, grant me serenity to not get triggered by apparently intelligent individuals who speak with confidence about the energy problem of Bitcoin.

Props to you joining for staying calm, sorry, staying so calm and collected. Do you know what I'm talking about? It's not a millennial moron. Yes. That's what... Was he discussing the energy problem that Bitcoin has? So scooping up too much energy? Yeah, I'll break this down. I gave it some thought after and I told him this as well

that I disagree with him about his proof of work stance. But at the end of the day, Len, I can't say that he's wrong about Bitcoin taking up too much energy. It takes up a lot of energy. What I can say he's wrong about is the priorities, right? Like is it too much compared to what? Too much has to be a relative term. I would say that for money that's going to hopefully upset the global order of fiat thinking and fiat money and incorrect time horizons and debt-based economies and all these things, I would say it's doing just fine. It's not taking up too much energy. I think it's an important piece of what's to come.

And I think probably if you framed it that way, he would agree. And like I said on the show and like I've said before, when we were in our infancy, we used to get a lot of shit from people who may or may not still be listening to us. I have no idea because we wouldn't challenge guests to the point of an argument breaking out on the stream. And I'm not going to do that now either. People give us their time.

My job is not to tell someone else what I think because they know what I think. You know, listener viewer, what I think. And there's no point in me souring a relationship over a disagreement in priorities. I do think that if you listen to what he said, he does think Bitcoin has a chance to do the things that we think it's going to do. And he's just not informed about stuff like whether or not it's been a successful medium of exchange, whether or not it's been financialized, whether or not energy is an important or unimportant part of the equation for Bitcoin.

So yeah, we disagreed with that. But I think if you listen to the show, you'll still get quite a bit out of it. Sure. Yeah, as I said before, yeah, smart guy. The big thing here is, and I can't speak with confidence or with any. And by the way, and by the way, and by the way, people who, like, I appreciate that boost who sent us that booze. That was a name I knew.

Doug and Rup. Doug and Rup. Yeah. Like I appreciate that comment, but at the end of the show, when we were, when we were talking about this near the end of the recording, he did say that he may just be uninformed. No one ever says that. No one ever says that. He said that, which I appreciated. And I'm going to speak from an uninformed point of view too, because I don't have all the data.

Is without knowing it all, I could just guess that stranded energy, energy that is most likely going to be wasted because there's just no utility for it given where it's being generated at that location in the world. It just makes sense to use it to mine Bitcoin. How much of that is of the overall Bitcoin network? I don't have a fucking clue. I could probably dive into this, but I don't have this information off the top of my head. But without knowing that and without acknowledging stranded energy, it's hard to say just without any confidence to say that it's using too much because some of the energy just may not be able

to be used in any way shape or form and it's just one way to use it and it makes sense right rather than simply flaring it. I want to combust it for one example right like yeah whatever. Jer Yeah. Whatever. Jer writes in three times each 2000 sats. And the first one he writes, really enjoyed this episode. And this is with respect to millennium millennial moron. So he was really happy to hear that one. Another 2000 sats from Jer.

Great rip. LFG. This is with our episode from two Mondays ago. And again, he writes in 2000 sats. I appreciate you. That's it. Just I appreciate you to chair. So three of them, 2000 stats a piece like that. Pretty cool stuff. Consistent and top of the board this week. So very good. Very good. I want to answer ballsy in the rumble chat. The YouTube people can't see it. The Twitter people can't see it, but Len I can see it. This is a good question. When you DCA, do you deal with the UTXO issue? You need to consolidate UTXOs if you're buying $4 a day and putting it to cold storage right away. But there's not a lot of services that will put $4 into cold storage for you. So you could accumulate on an exchange. Not great, but doable if you want to solve the UTXO issue. And then the other solution obviously is to go with a service like Bull, park your $4 a day or $2 a day. And then on the 30th or 31st or 28th or 29th, I guess,

depending on the month and year, spend it all, get the transaction done. And then you have a larger UTXO should you need it. And then of course, like we talk all the time about the fee market. You should be consolidating. The minimum UTXO size in my my opinion, is going to wind up being a million here in the next year or two. So you're going to want to be at a million SADs per

transaction or per UTXO, I should say. So if I can throw a curve ball too, there's one missing. Maybe use even Lightning, right? Like, yeah, well, Bitcoin, you could use Lightning to purchase small amount, smaller amount of Bitcoin. And with that, you're not forced to deal with UTXO problems. Eventually, once you have a large enough stack on your Lightning node, you could then just transfer that, close the channel, whatever you want to do, and then have a single consolidated transaction. And that's another way you could do it to deal with. But of course, how many exchanges out there allow you to use Lightning?

Yeah, many. But Bulldye's. Bulldye's is one of them. Yeah. Yeah. All right. Should we start? Where do allow you to use Lightning? Not many, but Bulldoze, Bulldoze is one of them. Yeah. Yeah. All right. Should we start? Where do you want to start tonight? Yeah, let's talk about the PR that's being taken up a lot.

Oh, sure. Okay. Right, we'll just go right into this one. The poll request that's on the GitHub, the Bitcoin's GitHub page and trying to incorporate a change into Bitcoin, into Bitcoin Core. At least that's the intention here. Lots incorporate a change into Bitcoin, into Bitcoin core. At least that's the intention here.

Lots of drama with this one, right? I'm not sure if you cut up. It seems like every few months people are just dying for some sort of, just to talk about something. I'm being very generous here and more arguments in some cases. So it's about an op return, right? And Peter Todd is the person pushing for this change You met Peter in person last year. I assume right in Montreal. So you know twice

I met him in Toronto and I met him in Montreal as well. Yeah, I didn't meet him in Toronto He's a big guy bigger bigger than you think he's gonna be in person. That's for sure Yeah, so the opera turn it's a little bit of data that's included in a transaction, right? The data could be really anything given the constraints. Like it's a message like Len was here. You could put in or whatever you want, maybe some binary information that could be decoded later on. So it could be just about anything. But when I send you Bitcoin, Joey, it's like writing something on a bill, right? I send you Bitcoin, Joey, like it's like writing something, you know, on a bill, right? I send you a dollar bill in Canada with Looney. Let's use a dollar bill and I can hand write a note on it.

And that's basically what it is. A little note that's attached to a transaction. But with Bitcoin, because you can't write anything on anything physical, everything is data driven. Anything, everything is just data. So the info on the OpReturn that has to be stored somewhere. Where is that stored on each and every node out there that's running? Everything is just data. So the info on the op return that has to be stored somewhere Where does that stored on each and every node out there that's running? So right now the op return size is 83 bytes That's what it is. Not very much, but it is something and That's on Bitcoin core Bitcoin knots I believe is

42 bites it's half I think yeah. And this is a nod to where it used to be. It went from 42 to 83 I guess around a decade ago. It could be wrong. For people that are wondering Bitcoin NOTs is an alternative client's software to Bitcoin Core. So you could run Core, you could run NOTs. These are just two big ones out there. There's others you could do, but either way, Peter Todd is the guy that's proposing the change to remove the op return limit, right? That he wants to, or at least that's the talk

to at least to remove it, right? So right now from 83 bytes. So we have basically the backstory here, right? Like we've got the players involved. Luke Dasheer is involved with Bitcoin Nauts. You have Peter Todd that's involved with this thing. So I know now I just like want to find out why is this being proposed. Like the question is what's the rationale? Why does this is really I want to get to the basis of this because there's

got to be some reason to this. You know what it is. You know what the reason is. Well, the rationale they give is because of the security budget. Yeah. Okay. And that's very reasonable because there's some validity to that. Right? Because the way it is being framed is that because you're using transactions and people are getting around the opportune limit using Taproot. Now it's getting a little technical. Right now with the limit of 83 bytes, there's ways around it by using Taproot, um right now with the limit of 83 bytes you know there's ways around it by using taproot but that creates a whole bunch of little transactions a whole bunch of utxos and it just increases the utxo set so this whole removal of the operator limit would potentially create a lot of efficiencies or some efficiencies moving forward because let's be honest, any sort of efficiency with Bitcoin should be on the surface looked at as a good thing.

I think that there's going to be congestion coming up with Bitcoin, at least on layer one. There's going to be like right now we're in a very low fee environment. There's not much congestion and I think this is going to be in the future, this is gonna be abnormal. And so once there is congestion, then we're always gonna be looking at ways to create efficiencies. And this could be potentially one way to create efficiencies. But like everything, there's a cost with this.

Everything there's a trade off, everything. There's something, there's a give it, there's no fucking free ride for anything. And what it is for this,'s like it's the admission or even the the directionality of going towards this is a database right like this is it is this is a database bitcoin is because this there is you don't you don't think this like you're talking like you don't believe this, right? Like, no, I don't believe I'm just looking at what it really is. It ultimately is a database. It's a ledger. It's a public ledger that is storing information on it. So that is in essence a database, but how it's being used is not as a database that's being used as a minimum exchange

and to a degree a store of value, but the store of value is just a function of, I would say. But a minimum exchange is you get rewarded tokens for mining. We got rewarded Bitcoin for mining and that has the value of blah blah blah. But as for using as a database, we have examples of shitcoins out there that use their blockchain will say as a database file coin comes to mind right away right file coin name coin was another one that kind of did that with where are these right now like they wanted to be decentralized networks where you could store information but they've all been filled projects and so it's not just a shit coin,

it's a filled shit coin or shit coins in this case. And so this is, I don't think this is the way Bitcoin is striving to be. This is a step in the wrong direction. Bitcoin needs to be more about money and less about bullshit. And this bullshit, what I'm talking about is the up, removing of the op return limit. Now, should it stay at 83 bytes?

Should it revert back to 42? Should it even increase? To be honest, for myself, I don't know the answer to this. This is the beautiful thing about Bitcoin in that it is theoretically, people may argue that's not the case, it's decentralized, it's open source, everybody has a way to participate and to provide some sort of input into this. So if this was done in the fiat world, I could guarantee you there would be no discussion. Things would be done behind closed doors and those actions would just roll out and that's it. We'd have to live with it.

But at least in this type of environment, in the Bitcoin world, where we have an opportunity to say something, we have an opportunity to run a node, for instance. I like this because it gives us individuals a voice that we wouldn't have in just about any other circumstance. But really I would have to say, where should we go with this? In my opinion, maybe more discussion is needed.

I'm not totally sold yet that we should just shut this out. Maybe there has to be a change. Again, could it go lower to 42 bytes or higher? I don't know. I would like to hear all arguments to this. But one thing for certain is, Luke this year has been the guy that's championing the cause. He's been the guy that's saying against the removal of the operative.

He's been that guy. But you know what? He's an interesting dude. Right? It looked this year. Right? Like I swear in a fucking vacuum, Luke would be a guy that people would fucking discard his opinion and be made fun of endlessly if you just look

at the things that he's done. I don't know if he's a fucking troll and if he is he's a first class troll. I gotta give him credit. Long act he's put on at this point if that's uh yeah. Right he I don't know if it's a joke like I don't know remember 2022-2023 he lost something like 200 was it 200 bitcoin he lost and it was because a compromised PGP key. And that was from what I gather in computer that was not on his location somewhere else. He was renting that computer. Like it just, you wouldn't expect this

from a Bitcoin developer, somebody that's an OG. And then he always used to wear in public briefly, the P100 masks. Yeah. Right, like if- It look like he was walking through the spores and last of us with the mask there like Darth Vader level stuff. I don't know if he is trolling or not, I don't Fucking know but I'm telling you just all these little actions the first fumble that he ever does We're gonna fucking

make fun of him for each one of these little he's already done he's already done it he's already done it so but i'm not discounting that he may just be a troll i'm gonna give at least the hint of a doubt that maybe he's just and remember he even talked about this is has to be a troll post saying that he was going to eat his cat, but something got it before he did. Total troll. Right? Like I'm looking at that. Either way, what a fucking disaster this is all turning out to be. I can't like something with Luke just doesn't jive the right way with me. Not to say that he's bad guy or just a bad actor. It's his physiognomy. I think there's something BTC precess in the chat saying what I'm thinking no homo, obviously, but yeah

It's like, you know that I got a big problem with a lot of people involved in this We'll start with Luke since you brought him up Luke is like so vocally against arbitrary data in blocks He's obviously a knots guy ocean guy talks about this a lot But he's full of shit and I'll tell you why he's full of shit. In 2011 or 12, could have been after that too, this is the same guy who was stuffing Bible verses into blocks, right? So he's not against arbitrary data. He's just against arbitrary data that he doesn't like, right? That's one problem. So I don't know what to make of him as a player in all

this, but something to consider there. He's not against all data in blocks, just not against his own. That's one problem, one guy. Then there's Peter Todd. Peter Todd for this change, also Len for extending the 21 million cap. So you got guys who are pushing for this change who are interested in upending what basically makes this whole thing go. I mean, you could argue it's a difficulty adjustment, but no one's going to be mining

for something that's just going up in total numbers sometime down the line, right? He's talked about tail emissions and other stuff in the past, but wants to extend the 21 million caps. So that's Peter Todd. Then there's, fuck, who's the other guy I was just gonna mention? Luke, Peter, Lopp. Mechanic. Lopp, mechanical talk, too.

Oh, yes. But Lopp, I mean, Lopp's a fucking clown. Lopp is a clown. He shilled grin shitcoin at a conference 2018-19 whatever year that was and got caught him and Trace Mayor. Mayor had the good sense to disappear for five years and come back to Mike Saylor's you know pizza party or whatever the fuck that was and try and regain some of his reputation. Still has not done the Bitcoin podcast circuit as far as I can tell but you know for anyone that was around at that time, they remember how much of a hero he was in

the space and completely, in my opinion, threw away all that reputation during that time. Lopp was another guy who shilled grand and just, I guess, pretended he didn't. Lopp obviously running CASA, opted to include Ethereum. He's in it for his own gains at every turn and his attacks on guys like Bob Burnett and others on Twitter saying, if you don't contribute to core, you don't get an opinion on this.

Fuck, like fuck you don't. Okay, we all get an opinion on it. And my opinion is it shouldn't be, that we shouldn't be talking about this. The block size, if anything, should go down. And, you know, my second preference would be for it to stay the same. Then there's the mechanic video. Mechanic did an hour and 20 minute video that I watched, tried to

pay attention to the whole thing. He needs better delivery. Mechanic, you let me know if you ever want to talk about like how to deliver with punch and I'll try and help you. I think I can do do that and he makes a lot of good points and you're you know you're kind of touching on a few of them too Len that this idea that well Bitcoin is just a database like no it's not okay it's not a database with you know the characteristics of money and the side effect of these things that it became money no it's money and a medium of exchange and a store of value and a scarce resource, a scarce asset, and the side effects of that have led

some people to believe that it is a database on which they can store nonsense. That by the way, Len, they're going to hope to monetize at some point. Show me, show me how this doesn't lead to the people who are pushing for it getting more wealthy. Like it just, it's a fact and I find myself erring on the side of caution more and more as I spend time in Bitcoin, but it's not just because I want things to be sane and on the level and smooth. It's because I can see character development over the years, right? I can see these villain arcs building guys like Lopp, guys like Luke, guys like whoever,

they all have flaws and you know if I look at the core, if I look at the core voting, so concept NAC, which is not acknowledged or not add, is 45, but 25 of the core devs wanted to add it. Guys like James OB, Eric Lambeau, Rob Hamilton, you know like that those are guys who want to put this in and some are abstaining, you know who knows if, those are guys who want to put this in and some, some are abstaining, you know, who knows if these guys are still contributing. But I would just say that, you know, you, you don't have as the guys who are saying that this is a go and needs to happen. Like you can't even get half the people saying that you can't even get really a third.

You have about a quarter of all the available devs saying that this is a go. It's not. And so I just want to finish on this point. The social layer in Bitcoin is more important than it's ever been. It may not seem that way because governments are embracing us and there's a million Bitcoin podcasts enough that everyone and their mother can do 40 hours a week. But what's actually happening now is that these guys with social proof are preying on newcomers to Bitcoin who are here with money and here with enthusiasm and are not willing to sit

back and just watch altcoins beat us because they still think it can happen. And they're saying, look, we have to do this, we have to do this, we have to do this. And I just think that if you ever find yourself in a situation where there's a bunch of people with a financial interest pushing for a change that's going to fundamentally alter the way that Bitcoin works, the answer has to be no. And I'm glad to see that people are neutral or no on a lot of these things. Boomers bringing up in the chat that Marty and Odell weren't neutral. They were more on the side of change. Show me the incentives, man. Can those guys monetize larger block sizes? You know, maybe can they, can they monetize limitless operator size?

Maybe I don't know what companies are they invested in. We talked on this show a little while ago about something stupid like Coinbase putting ads in blocks, you know, like what like there's no stopping this. The other problem I have is that the guys who are pushing for operator and the extension of opereturn or the growth of opereturn or the limit removal, whatever term you want to use, they're not just pushing for that, Len. They're pushing to make sure that knots and other filters

are no longer compatible with the protocol. And that's a bigger problem. Not only do they want to force it on you, but when you ask them why you have to take off the filters, they say, well, it's for your own good. Again, I'll repeat what I said earlier. Like fuck it is. Let people run the node the way they want. That's their node. You say this all the time, right? You can filter span, you can do whatever on your node and I can do whatever on my node.

Everything is compatible. That's one thing that makes Bitcoin work is that the backwards compatibility and the sideways compatibility, the horizontal compatibility means that people can interact with the protocol the way they like. Anyone who wants to take that away is not to be taken lightly and also should be dismissed. And so we have to make sure that we're serious about this from a social layer standpoint. And I think if you want to use the platform like you're better on the technical side than me, you should invite mechanic or somebody on the show and let's let's break from the schedule. Let's do it on a Thursday night or a Friday night. And I'll come with a couple of,

I see he's in the UK. It's going to have to be during the day. Whatever. I don't care. I'll come with a, I'll come guns blazing. We'll share it on the bull feed. We'll share it on every feed that we can find. Mills will share it, whoever, and let's get the word out because at the end of the day, these guys have to be told, no, Peter Todd and Luke dash and whoever else don't get to decide that everyone's got to be closed on. Peter Todd and Luke Dash and whoever else don't get to decide. Everyone's got to be closed on the same page. Consensus is what makes this work and consensus is what's gotten us here and changing things because there's ways to make money and people could say well how are they gonna make

money? Bro, look at the fucking other shit these guys have done. Okay? LOP with the grin token. Luke Dash with the fucking Bible verses. Like they're telling you what they want and what they don't want with their actions. You don't have to take them at their word. You can just see, you can just look. Don't be afraid to speak up, okay? It's time now.

The social layer is the important thing. Well, just run the software you want. Yeah, but they don't want you to be able to. They wanna take that compatibility away. And so what are you going to do then? I'm not sure if at that point it's a fork at that point, but given right now, you're able to run whatever you want. And like I mentioned in the past or earlier in the show, Knott's has a smaller operative

size compared to Core. And I don't think you could change that in core I don't think without there's no there's nothing to put into the Bitcoin dot-config file or and change that it just it's built into it but also remember too that the operaturn stuff like Satoshi put that message in the Genesis block right so there's always been arbitrary data included as for the extent to how large it is we can make we can have a discussion for it. But that's really the core of the discussion, right? How much is in there and how much should be allowed in there? Yeah.

And by the way, like Satoshi, not omniscient. That was fucking 15 years ago. So like, are we really going to say that this guy had a crystal ball and realize that people were going to try and make a bunch of money off this. So it gets a two trillion market cap and the government would be holding it. You can say whatever you want about the way forward, but for a guy who just said, you know, you might want to get some in case it catches on. Even he would admit that catches on did not mean where we are today. There's no way anyone could have seen this coming. Fuck, even five or six years ago, no one could have seen this coming. Well, more discussion is is fucking needed here. Personally, I would not discount any argument

to reduce it, keep it where it is, and even increase it. I want to hear everything. I want to hear why, and you know, increasing it doesn't mean eliminating it altogether, like eliminating the the limit, so it could be unlimited to maximum size of the block. Maybe increasing it maybe another 10 bytes, maybe to 93 bytes. I don't know. Do you want to share some resources maybe for people we talked about the mechanic video. What else have you been listening to? I know you've been looking at some stuff and listening to some stuff. What have you been? There was a heck of a Twitter spaces that

I listened to. And it was I fucking can't remember all the participants but for sure Shinobi was on and he was getting fucking wrecked by people because I'm not sure if you're familiar with his approach on things like how he speaks to people. Have you listened to him before? Yeah during the ordinals debate that's Brian it's Brian trolls on Twitter I think right? Yeah okay exactly that yeah right and so he's very technical he knows his stuff doesn't mean he's right but just the approach in which he comes it's always you fucking retards and it's not quite that but it's close to that you guys know nothing and

it's a with and they were just ripping into him and are saying you know when you're talking like this you you're gaining no support. And it just took a few times of just doing this to him. He finally toned it down and I had never heard him be that cordial. And even that was, he was somewhat still abrasive still. But that was an awesome Twitter space. It was like two hours long. And I wish I had a link to that, but I have it somewhere.

And that's, that's the one thing I bet all caps has it on his channel. If I had to guess, it wouldn't surprise me here that he had it on his YouTube channel. And that's why I was asking you guys, how could I download a Twitter? That's right. Because I wanted to listen to that away from my home. And I unfortunately couldn't do that. I had to use my data to do it. So it was worth it.

So yeah, that into ate into my 40 hours. Should spaces count against your 40 hours of podcast? No, it's included. I would say your stream is better spaces. Right. So that counts. Yeah. All right. I don't have anything else to stay about this PR. No, it's we're going to be keeping an eye on it. If you guys have ideas for guests, I see Bitcoin not crypto in the chat saying that Mechanic might actually live in Canada. So, okay, just assume. That'd be good. If he lives near me, he can come to my house if he wants. You know, up to you, man. You tell me. This 21 capital, this was big news last week. This is so fucking dumb. This is so dumb. It's certainly not Canadian maple.

What was that one that the maple strategy again? It was also dumb. Yeah. Yeah. So 21 capital. This is Jack Mallers is heavily involved with this but some also big player softbank Cantor Fitzgerald Heather bit for next all involved and they say they're going to be a Bitcoin investment vehicle that wants to buy Bitcoin

and have a strategy to increase the amount of Bitcoin per share. They have two metrics that they have here. Very cool. One is called the Bitcoin per share, BPS, or Bitcoin return rate. BRR. Anyways, SoftBank, they ponied up nine hundred million dollars. Tether one point five billion. Maybe they haven't yet.

That's what they plan to commit moving forward. So they it's a large sum of money right there. Jack Mallers, as I mentioned, will be the CEO and they plan to be publicly traded and the ticker it's going to be X, X, I, I would have gone with yo, Y, O, O just for the Jack Mallers. How about a suit S U I T since that's what he is now, I guess this is the dumbest fucking idea in the world. God bless SoftBank and Lutnik for telegraphing

that they are gonna do whatever it takes at the government level to make Bitcoin successful. Obviously, Lutnik part of the administration. I don't doubt that this is gonna increase the value of my bags. Masayoshi Sun famously loves the spray and pray investing technique, you know, had the golden egg strategy I think a few years ago where they were he was just like peppering billions, tens of billions, maybe

more than that around the world and hit a few big home runs but missed on a lot of them too. The vision fund I think it was called and then there's the tether side of this. This is really the interesting part I think. Tether does not operate in the United States. You know this. USDT and all these other stables that are quote unquote sanctioned by the regime are taking that market share. The likelihood to me that Tether is just a tortilla or a tortilla topping here in the 21 flower shell coming into the United States and starting to operate domestically is, I

think, almost 100% certainty on that. They have no reason to get involved in something like this. They're buying Bitcoin, they're buying Treasuries, they're running the ultimate flywheel, even better than Sailor probably. The only reason for them to get involved in this is because they want to operate in the United States. I think you actually also see that there's fear of this in the way Coinbase talks to Congress about pulling up the ladder on Stables and working with the government on Stables because they don't

want to compete with Tether. So to me, this is like Mallers and Mallers to his, you know, I told myself I was going to be nice to Jack Mallers tonight. I just don't think, I don't think he's actually delivered anything of value on the strike side. Strike raising their fees, giving people hard times, locking accounts, Pleditor talking about this the other day. You know, they have like a graphic of a fly getting hit by a fly swatter, I'm pretty sure, when they lock your account. I don't know why he has to be involved. He's going to CEO two companies, you know? Being the CEO of two companies is like an NFL team saying they have two quarterbacks.

If you ever hear an NFL team saying that they have two good quarterbacks, they actually don't have any. That's always the case. And I think Mallers as a CEO is just a face that people like and trust for whatever reason. I don't know why. But the tether thing is the thing to look at here. What is their involvement and how is this going to parlay into them operating on United States soil? Because they're not right now and I think this is going to head that direction pretty soon, especially because Cantor Fitzgerald's evolved. Like these guys, years ago then we talked about

the difference between people who have history happen to them and the companies that manifest outcomes and Cantor and Lutnik and these guys, like they're not waiting to become the victim of some other power play. They are making the play and this is it. The one thing about this though is because you have all these big players and if they go ahead with this and are able to execute, it's going to make Bitcoin a little bit more scarce in terms of purchasing it because they'll be able to scoop up how they's going to make Bitcoin a little bit more scarce in terms of purchasing it because they'll be able to scoop up.

How they're going to custody it, it's anybody's guess at this moment. If I were to take a stab, I'd probably use one of the custodial services. Who to strike you? Is there any idea? Didn't they use, God, like one of the failed services? Am I wrong? I don't know. I have no idea.

I ask because, you know, Mallers is a guy that the whole space thinks is like, you know, the second coming of the Messiah. And again, like I've really, I get that people like the persona, the approach, whatever, but you know, I know some people who work for Strike and they're not focused. I know some people who are laid off by Strike and they're not focused. I know some people who have talked to Jack and he's not focused. And you can say, oh, those people are just sour. Well, how much, if you were a Strike equity holder, right?

Let's say you- Prime trust, that's the one. They used to use prime trust. There you go. So if you were a Strike equity holder, you had a stake in Strike as an early employee. Do you want to see Jack Mallers who has not taken Strike public, who has not done, you could argue his duty to those people, right? Do you want to see him CEO another company? Like I wouldn't personally, but that's just me. So we'll see.

I'm going to give you a curve ball here. Sure. One time the San Francisco Giants in the early 90s, they had two Hall of Fame quarterbacks on their squad. Okay. And it was Steve Young and Joe Montana. Joe Montana was... Oh, the Niners. You said the Giants. I'm like, we're talking about baseball here? Sorry. Sorry. Sorry. All right. Yeah.

The Niners. Yeah. So they had those, those two. So I would argue that they would lay the claim that they did have two quarterbacks. But they actually didn't know, but they actually didn't think they did. They traded. So they traded Joe Montana. So they didn't. So they thought they had one quarterback that was better than the other quarterback. And because one was younger than the other, but they could have easily still went with Joe Montana. If Steve Young didn't exist, they would have continued on with Joel Montana.

Because they had Steve Young, who was younger and more capable. And if my grandmother had wheels, she'd be a bicycle. But in the real world, this is... No, but they had two Hall of Fame quarterbacks. They were both forming at a high level. That's why I argue that they did have two quarterbacks. So there are some exceptions to that rule and that's one keeping on the strike discussion they're working to provide a new service and it's bitcoin backed

loans not sure if you heard about this one and it's going to be using bitcoin as collateral so you could go out there and exchange your bitcoin and get some money and according to strike the loan size and required collateral is determined by the LTV, the loan to value ratio. And your loan amount compared to the collateral value, it's going to be always looked at. The larger the loan, the more collateral is required. That's not really a big thing to, that's no brainer here. And you put up your Bitcoin as collateral, you get USD given back. So the client goes there. And so the loan is paid back ultimately in interest. And with Bitcoin's

volatility, you know, people could easily get wrecked with margin calls or liquidations. And the loan terms are for 12 months. The minimum out there is $100,000. And the maximum is $2 million. They're not targeting just you and I, Joey. Okay. Who are they targeting just you and I, Joey. Okay. Who are they targeting? This is the thing I was going to ask you because it's too high for plebs and too low for high net worth. So who's it? It goes more than that. The APYs, APR is 12%. That's like twice what it is against your house, right? My house is like 4%, I think

something like that. It's pretty low. And you're not going to get wrecked because your property is not going to drop. Yeah, exactly. I mean, hopefully. Unless they build a thousand modular homes in my backyard or something. So the maximum initial LTV is 50%. And I look at this, then interesting products. I would highly recommend people not take advantage of this. Don't, don't borrow against your big claim. Here's the story. Interesting product.

Don't use it. Yeah. Yeah. Well, there's a lot in this. Hey, you know what, credit to Letten. Letten was way ahead of its time. Were they not? They and again to their credit. They didn't go tits up I was so worried at that time that they were and they were able to weather the storm yeah, but at one time admittedly I used lead in and my name my Perception on things has changed drastically in the past three years and change and I'm not giving up my Bitcoin for anything like for yields. Maybe I'll exchange it for a good, maybe I'll exchange it for a service, but putting it up for a yield. Nah, for this, my opinion, do what you want.

No, I agree. I agree. It's different. Different when, you know, the price of Bitcoin was 15,000, and you could earn a little bit extra while it was cheap and you weren't giving up that much in total, total value, right? But now it's a bit of a different story you know one Bitcoin is whatever I see 95 on your block lock what's that like a buck 30 Canadian something like that it's a lot so you don't want to give up a Bitcoin for yield the way that you might have you know five years ago God bless Maurizio though he was he was fucking ahead of the curve man he's ahead of the curve did it, did it right. And he's been a pillar, man. I appreciate what he's

done for the community. He was able to see around this corner better than almost anybody else. You hear about this MEXC global exchange? No. They're offering up the 500X leverage. Oh, that's it. Yeah, if you want to that's what I suggest don't lend out your Bitcoin and get you know It's sort of the yield or whatever Do it like this man. Go over there and do the the BTC ud

USDT shit 500 X and D gen your way to poverty. That's the way to do it and Yeah, anyway, so abase, let's talk about them quickly. They're going to be rolling out the Coinbase, sorry, the Coinbase Bitcoin yield fund. Interesting. And it rolled out just this month on May 1st, and it aims to give an annual return of four to 8%. And the yield is generated through basis trading with lending and option strategies. I'm looking at BlockFi, like, you know, they got wrecked too. They were getting their yield through trading. Machinsky, you know, Machinsky just got his proposed sentence is 22 years in jail. So,

you know, yeah, all these days. And they were doing it through lending and not through that. What Coinbase is called low risk trading. Everything is a little all then it's low risk land. It's low risk. So Coinbase wants to get action. So there seems to be a lot of activity on this front. People want to get action.

They see that people have Bitcoin for action for years let me tell you hey you know what again stay away from this stuff well Todd we're gonna talk about action when it comes to having more than one wife here in the back half but oh for sure the coin the coinbase yield fund Len what is the question what is the question we all need to have tattooed on our on our it's not your keys it's not your keys, it's not your coin. Don't earn. That's not the question. What's the question? Why? Where does the yield come from? Where does the yield come from? It's gone through specific trading, whatever the fuck it is. What does that

mean? It's gambling, baby. We're in Bitcoin. We are in Bitcoin because I don't want to have to risk my money in the stock market and worry about like a Tim Cook sex scandal. You know, like I don't want to have to worry about that tanking my earnings 8% the boomers right now feeling that for the first time, Oh my God, Trump says something on TV. Now it's my retirement. Do you know how liberating it is? You just sit and do nothing. You just sit. It's the easiest keeps going. You have to throw away so much. You don't have to look at charts. You don't have to make any moves. I still do though. I still do though.

That's fine. But the reality is you don't need to. All you have to do is one fucking thing is buy and that's it. That is eventually you're going to do something with it. But for the time being it just bites. It's a one-way street and you know how liberating it is to know I don't look at the dollar how much one Bitcoin is in USD. I don't really care about that. That doesn't influence me right now. But what I look at is how many Sats I have. And as long as I see that number growing, I'm happy. It's not like what it's worth. It's how many stats I have. And so I'm just looking at it for one set of eyes. And it's just so liberating because I have it.

It can't be taken from me. It's mine and I can spend it however the fuck I want. It's beautiful. I don't think about anything. Once I exchanged my Canadian dollars and bought Bitcoin, that is it. I'm not going back to CAD again. It's done.

It's a one way street. And it's so beautiful. I just I love the feeling of that. I don't have to think of all the bullshit that goes along with trading with looking at this, trading this. Fuck it. And it's a beautiful thing. Another beautiful thing is the bull Bitcoin app that's been changed and I want to talk about it this past past week There was lots last Monday actually it was launched and it looks different anybody that's in Canada and looks at the bull Bitcoin website They'll gonna realize it's just it's very different now Not just a facelift because there's a lots of shit under the hood That is brand new the process to buy Bitcoin and sell Bitcoin should be a heck of a lot easier

instant bank transfers and they've been working on this upgrade for four years and all the software they have is built in-house. There's no reliance on third-party software. So this is why the process took so fucking long. This is why they had 15 software engineers working on this because they had to do this from scratch and they say that the resilience, security, privacy, scale and speed, all is now better as a result of this change.

Most users will have a fully verified account in under three minutes. That's pretty damn fast. It's fast. And this is big, Joey. No identity verification is required to sell Bitcoin or pay bills in Canada when a transaction is under $1000. So remember that if you're going to sell or pay a bill with bitcoin that's under $1000, no ID verifications required.

No more fees when you're selling your bitcoin. Instead, you're adding the transaction fees when you pay your bill or sell bitcoin. They replaced it with an all-inclusive spread. You can see the spread. You go on their home pages right there. And another thing that's cool is automatic logout. If you're logged in for a certain period of time, it automatically logs you out. That's for security purposes and coming soon. They say they're going to be reoccurring buys using lightning.

Auto buys that you could add in X pub to your account. Personally, I wouldn't, but do what you want. You could do Auto-Sell. So that's an option. So whenever you send Bitcoin to your account, it could automatically send it to your address that you provided them. So you don't have to deal with all the bullshit. You just basically send a Bitcoin and they automatically sell it for you. And you can do limit orders based on price that's coming up soon.

So a lot of new options. Elite is what I will say. Absolutely elite. It's been in the works for a long time. Francis mentioned it last week and they are fucking crushing it. I see people in the chat, you know, clamoring for the old post days. But you know, those those days may never return. But when I look at bull, I see a group of people that's like extremely privacy focused And they don't have to do something like selling under a thousand doesn't require ID But they do it because they know the people want to use this thing as privately as possible So you get some privacy features on your buys before it gets sent out You now get privacy features when you sell as long as keep it under a thousand dollars per transaction That's pretty good. You gotta like that and unlike the ATMs you now get privacy features when you sell as long as keep it under $1,000 per transaction.

That's pretty good. You got to like that. And unlike the ATMs, there's no one taking your picture when you go to to make your buyer sell, which is always going to be a shortcoming at the ATM. You mask up because you want to keep safe. Yeah. You don't want to spray. I know a guy who can hook you up with a P100 if you want. Yeah. Yeah. I prefer the motorcycle helmet. The Bella Clava, the scream mask maybe. I might have one kicking around. I think I went as a scream guy for like five straight years. First year I was running a road bus probably like in grade six or seven. And then as I got older, me and my buddy just wanted to go out and, you know, cause trouble, get a couple of candy bars along the way. Anyway, I want to inc to incriminate myself Let's go to should we go to notables here. No, let's do one story. That's wow hybrid notable story It's talking about the UK and the cloud world in which they are I would say

right the Financial Conduct Authority FCA has proposed this is a proposal something interesting people They don't want them to take out loans such as using credit cards to buy Bitcoin so if you want to go to the local pub and get fucking tanked with your credit card no problem They'll take your visa you want to buy a subscription to only fans. No problem They'll fucking allow you to do that. But buying Bitcoin, this is like I'm looking at the, what's that meme where that guy is like, you know, like fuck that dude.

Drake. Drake. Yeah. Yeah. Like, you know, buying Bitcoin, no, but buying OnlyFans. Oh yeah, man. Let's break it up. Like, that's what it is. That's what it's fucking like. I can't believe they're proposing this. If it's approved and it's going ahead, truly, this is clown world shit. Yeah, we're there. How do you feel about the policing required to pull this off? How are they going to know whether or not you use your credit card to buy, or not your credit card, sorry, if you take a loan, I should say, to buy Bitcoin, how are they going to know? What is their plan?

I'm assuming you're not taking the cash out of it because that nobody should take cash out of their credit card because you get fucking dinged hard. Yeah. It's using the credit card to buy Bitcoin. Say go on a Coinbase for instance, and use that to buy it. I think that's what they're trying to stop. You used to be able to do that here. Remember years ago? Yeah. And I have to admit that's how I first bought my Bitcoin. I used a credit card, paid it off instantly, but that's, I didn't know what to do. You couldn't use debit before. Remember like when we first started on Coinbase, it was like 50 bucks.

You had to use your visa and you had to pay like 50 bucks a week or a month or something. I knew of no other way. So like I use a credit card and it worked for me. And you know, like a fucking dumb ass, like a fucking dumb ass, I left that shit on Coinbase for a very long time. It's true. I bought it. I didn it. I just fucking... So we started buying in 2017. When did you move it off? When did you move it off the exchange?

I'm fucking... It was 2019, I think. Maybe. I can't say... I'll say 2019. He's like, I remember I bought a ledger. I bought a fucking ledger. That's what it again, like a dumbass. I bought a ledger. So like, I did all the wrong things. But see, that's the journey of being a Bitcoin, right? Like, you, you start off somewhere, and you just learn and eventually you just progress. I mean, I hope you don't want to be spinning your wheels doing nothing. By the way, I hope anyways, you're progressive. Let's be honest, like it's not a guarantee. But like, you know, truly, I was a fucking dumbass for doing that. And not to say that I would have lost my Bitcoin if I didn't, but the likelihood is higher in that scenario than I have right now. If you could, you know, time lock it, it gets done. Like,

there's Bitcoin that is not touched, and it can't be touched for a long time. There's nothing I could do about that. It just stuck in the ether out there. We'll use that word. Nice. So like, I just want to say like I started off on a very poor footing and I'm always learning. I'm still learning to this day.

I love it. Yeah. You know what? Let's the UK continues to slide, you know, whether it's grooming gangs or crypto on credit. They just cannot get anything right over there and let them keep falling. I don't care. No problem. No problem.

Let's end it. Let's go to the notable stuff. One hour, 36 minutes. If you've been here with us, stick around. No, one hour, one minute, 31 hour, one minute, 36 seconds. If you've been here with us, stick around. If you're on audio, come back tomorrow for the rest. And until then, take care of yourself.

Don't be a cuck.