The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Saylor's Latest Narrative, Coinbase Locks Out Durant, Fed Cuts Rates | The CBP 233 Pt 1

Episode Date: September 23, 2025

FRIENDS AND ENEMIESJoin us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. From a couple of Canucks who like to talk about how Bitcoin will impact Canada. As always, none of the info is financial advice. Website: ⁠www.CanadianBitcoiners.com⁠Discord:   / discord   A part of the CBP Media Network: ⁠www.twitter.com/CBPMediaNetworkThis show is sponsored by: easyDNS - https://easydns.com EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. With DomainSure and EasyMail, you'll sleep soundly knowing your domain, email and information are private and protected. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - ⁠⁠https://mission.bullbitcoin.com/cbp⁠⁠ The CBP recommends Bull Bitcoin for all your BTC needs. There's never been a quicker, simpler, way to acquire Bitcoin. Use the link above for 25% off fees FOR LIFE, and start stacking today.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!

And one of the things that can't be attacked is your self-custody Bitcoin. And one of the things that can be attacked is the ETF. Can't be exposed to that. That's my view. It's not a good idea. And by the way, that'll hit MSTR too. It'll probably hit other stuff as well. Friends and enemies.

Welcome back. Canadian Bitcoiners podcast. Friends and enemies, welcome to the CBP. Want to be better informed. Listen to Levin Joe E. Spots is taking care off right off the top. Oh, Bitcoin and Easy DNS, the media is feeding a slop. It doesn't matter.

matter what topics discussed quality entertainment and information you can trust uh that's being planned or at least discussed you know we're not going to allow the entertainment and information you can trust send the guys some value boost them with some stats bitcoin is the scarcity acid i mean it's just a fact geopolitical national down to the local friends and enemies welcome back the canadian bitcoiners podcast my name is joey that's land we get a great show for you tonight tons to talk about in the Bitcoin and economic space. Len, the CFL is eliminating the rouge as we know it. Did you hear about this today?

No. Two years of significant rule changes, they will be curved in between next season and the 27 season, including no longer awarding points for misfield goals or punts that go out of the end zone. They must land in the end zone so the returner has a chance. Among the other rules being changed, 15-yard end zones instead of 20. shortening the field as well from 110 yards to 100 yards wow they're going NFLs are they also making it everything everything except the downs so far I read about an hour ago that the CIS the college kids here in Canada are they're questioning out what they should do with their fields so

universities will have to reformat their fields as well given that that really is the pipeline for the CFL so interesting times man pretty great Crazy. Is that an elbow's up failure? I feel like it might be. We change our only unique game to the American way, basically. I can't even name the league, the teams in the league. Well, they change the names all the time from like the Edmonton Eskimos were a team. They decided that was offensive. Yeah, what is it?

Elks or something? Elks, that's right. Yeah. Yeah. So, I mean, is there still a team in Ottawa? There is the red blacks. Yeah. Red black. Okay. Yeah. Um, Saskatchewan is still a rough riders. Hamilton's still the Ticats, Argos,

Stampeders in Calgary, British Columbia has a team, what are they called? The Lions, Alouettes, and that's it, I think, right? Am I missing anyone there? I don't know. Hamilton, did you mention Hamilton? Yeah, Tycats. Of course I mentioned Hamilton. Come on.

It's a statement. I don't know. I haven't watched a game in forever, and I probably won't take forever to watch another game. I really do not care. The Rouge, whatever. They can make it worth 10 points, half a point, one point, zero points.

It don't matter to me. yeah there's bigger fish to fry than watching people get one point for a fucking you one fucking the cfils crazy i was out with um friends of ours from work one time at an october fest party in waterloo this was like god it must have been like 12 years ago ish and uh at the bar we were going to this club beta great club by the way closed down a number years ago but like true rave style club and uh we were getting ready to leave and i was saying to our buddy and we'll mention his last name but max and uh max and i and a couple of the people are there and uh i i said to him and he said to me he's like this game is like tie cats and argos

or something and i was like this game looks like it's over but i you know max said the same thing you never know what happens in the cfell the crazy football league it was like 22 to three or something like that with like eight minutes to go and tie cats ended up winning on a rouge so you're gonna miss those those days it's kind of um It's a, it's a Canadian cultural thing, the Rouge, you know? Like South Park has talked about it and I don't want to see a CFL go the way of the NFL. I don't watch much CFL either and I get the feeling that they're making these changes because I'm not the only one who's not watching much CFL, but all the same, disappointed.

Nobody's watching. Is it true that it's sports in general, less people are watching it? It's just everything is, there's a decline or no, I don't know. I'm not sure. NFL is doing great numbers. I know that NBA, the TV contracts are as big as ever matching the south. Recap spikes, but I don't know about the other sports. Is that a result of them playing every fucking day rather than just only Sunday in that one special game on Monday?

So we talked about this a little while ago on Access of Easy that, you know, this is obviously not a cybersecurity or Bitcoin story, but since we're talking about it, the NFL dominates Sundays. The NFL is just like Jesus Christ and football on Sundays. That's what they want to see. And they've so far competed pretty well with the Almighty Father. The issue that I think a lot of other sports leagues have had over the last few years is that the NFL is saying we actually have the best product and we have the most loyal fan base and we are true appointment viewing for people thanks to gambling and fantasy and all this stuff. So let's start getting on the corner of other sporting leagues. And they've done that. So it started with Monday night football years and years ago, then Thursday night football about 10 or 12 years ago.

Actually longer than that, probably close to 20 years ago now. Yeah. Yeah. Thursday night was not 90s. is in the 2000s. I thought they started into late 90s. No, 2000s, 2000s for sure. And then they added the Christmas Day games last year,

competing directly with the NBA's marquee product. The only institution they haven't tried to compete with yet is college football. There's hardly any games on Saturdays. And when college football is in its playoff, they actually stopped their Saturday offerings because they do have Saturday offerings late in the season, but they don't have them. when college football is running their playoff but we'll see i mean they have obviously got

they smell blood in the water i think as as many um probably as many different um sports leagues have in the past and they're the top of the food chain right now so we'll see anyway we'll do do all the sponsor i got to grab something do even a bowl i'll be back i'll do them all so uh sponsorships is always easy dns lead sponsor best place for you to get a domain or a domain buy a domain whatever mark is your guy he's your friendly neighborhood registrar there's a reason we use easy dns It may not be the reason you use EasyDNS. The best thing about EasyDNS is that there's many reasons to hop over there, many reasons to patronize them. Among them, obviously, Easy Mail and Domain sure for a couple extra bucks, extra security.

There's a story every day about mailing lists being hacked, data being stolen, data is the new oil. Everyone knows this stuff. And you're only as strong as your weakest overseas Indian tech support guy who can be socially engineered. Not the case at EasyDNS. not going to have that problem. Don't forget, too, that if you're a Bitcoiner, you can use some of their virtual private server options to tickle your fancy.

So you run a Bitcoin node, Noster Relay, if you want. Lenin and I, I think, are actually verified through EasyDNS is Nostr relay at Canadianidioners.com. And then there's obviously other reasons as well. Mark will never nuke your website for the political feelings of the day. He takes Bitcoin, was a Bitcoin treasury company long before it was cool. So we'd like that about him. You will too.

Go to EasyDNS.com. Use the promo code CBP Media. and you get half off your first round of buys, which is sick. Second sponsor is Bull Bitcoin. What is their disabled bull Bitcoin? Extremists in both official languages in the best way, okay? None of these guys will be invited to Parliament Hill anytime soon. I know I just saw a picture of some of the Shake Pay guys,

as much as I appreciate that they're doing some policy work. You know, Parliament Hill, probably not in the cards for any of the Bull Bitcoin guys anytime soon, which is just fine with me and probably just fine with Len. Why should you use them? Non-custodial. This is the key thing, okay? when you buy on bull bitcoin you can deposit with e-transfer with uh cash at a post office if you really want to you still have to show ID unfortunately but you can do that among with among other

options EFT when you buy it goes to your wallet it's not going to the exchange it's not held it's not shotgun KYC when you want to withdraw it none of that we don't do that over at bull here's what we do we give the wallet address for a wallet we own the keys for they send the Bitcoin to you. That's it, done and done. You can pay your bills there with the bills platform, among other things. Go there, do a limit order, do whatever you want. They've got lots of options and a brand new interface that looks sharp like you should when you go to church on Sundays in keeping with the religious theme from earlier. Go to the website, bull bitcoin.com, use the promo code CBP. You get 25% off your fees, which is huge for life. Can't beat that. And then obviously

we're less than a month away, friends, from the Bitcoin conference, 2025 in Montreal, the Rialto Theater, nice venue. It's like rustic, charming, modern, and welcoming all at the same time. Can't beat it. There's tons of stuff going on. The agenda was recently released. I'll be on stage more times than I volunteered for, I think. I'll also be the MC.

And you get a chance to meet me, talk to me, and a bunch of other people who are going to be at the conference as well. I don't think we have a promo code. If we do, I don't know what it is. But it's a conference that I support. And I know Len has, you know, we've talked about it in the past. past. It's one of the better conferences. I view it as the only option if you're a Canadian. I'm not traveling to Nashville or Vegas for the Bitcoin Conference. It's not really my jam. I also

have a little one now. So I'm much more aligned with the stuff that Dan and Manuela and the team at the Canadian Bitcoin Conference are doing. And I think you guys will be too. So go there on October 16th through 18th and have some fun with the Bitcoiners. Play with your Bitcoin in Montreal, in France. Okay, buddy, boost. What do you think? yeah yeah that's take care of that so we have number top five boost of the week that's what I'm doing just for people who are wondering we have 300 sorry 513 from sorry from wedge this is great episode here

he said Vrod should talk about damis to lend the legend and give Will a night off so this is talking about Will is uh... Casserideus so like this is an old Nostra talk so yeah I'd love the chat with I'm going to talk a lot about Nostra and the clients too. I know you're getting a little more active over there. I can see you're chatting it up a little bit more in the past. I mean, I send a few things here and there, but I'm still not really a frequent user.

I wouldn't call myself a power user. I did switch back to an iPhone the last few days. So I will be using my brand new orange monster to do a little nostring. I don't know what I'm going to do. Everyone's starting a vlog. I should start a vlog on Nostra like everybody else and just talk since that's something I enjoy doing. But we'll see. Wedd, you're good to hear from you all the same, buddy.

Thanks for the first. So we have this deal. Doug 525, he writes in 525 sets. He says, thank you, Len, for saying analogy rather than analog. You could teach a lot of podcasters a thing or two. Do people mistake the two analog and analogy? Well, you can give an analog for something, but maybe. Maybe that's a misuse of the word.

I've heard that before. I personally am an analogy guy as well. I don't say that here's an analog for this, but maybe other people do. I'm not sure. Jer, 1,000 sats. And this is a funny one. He says, nothing to say this week other than I appreciate you both. Thanks, Jerry.

Great. I like that. Okay. Doom Satoshi, 1521 sats. He says, CBP meets Bugles guys. Very nice. love it thank you for your time to all of you anytime sure don't mention it what do you say to that no problem thank you no it looks like he likes like i mean i wasn't part of that so he'd like the

discussion between you and the two dudes there so bobo tummy 2024 sats and he writes in bring back the pie in the face yeah yeah but gil gates got it He got it. A few people have gotten it over the years. Yeah. And the beautiful thing about that, it's humiliating, but nobody gets hurt from that, right? Like, that's the way to do it.

If you're going to do something, like, there's nobody gets hurt. Hopefully there's no eyes lost from the pie. The result of that, right? But you know what I mean? What are you putting in your pie? I have no. But you know what I'm getting at?

Like, that's the best way to do it. Like, throw a shoe, do a pie to the face, stuff like that. I don't recommend doing those things. But if you're going to do something, those are way better than a bullet to the head. It's been too long since we saw a good nonviolent political act. But anyway, so we got some housekeeping here. Last week, we had no one.

This week, did we have no one last week? We had no one. Right, nobody, yeah. This week, I'll be talking to Dr. Brian Day and Dr. Mohammed Zerabian. Brian Day is a retired orthopedic surgeon or semi-retired orthopedic surgeon who's been pushing for private option health care in Canada. Mohammed Zerabian is a guy who's doing surgeries out of McMaster

and actually just messaged me saying he wrapped up the first private spine fusion in Ontario today. So you have two guys who are top of their field and want to help as many people as possible and want to do it outside of the bureaucracy of the system. And both of them have had similar experiences with hurdles and hoops and whatnot. And we're going to talk about some of those hurdles and hoops. And what seems to be just a torrent of people,

a never-ending torrent of people saying that two-tier health care is not an option. You guys know how I feel about this. I think two-tier already exists in Canada. And if you don't realize it, then you're on the bottom tier. We'll hear what these two gentlemen have to say. They're much closer to the story than I am. And then Friday this week, Mark is coming to visit. So we will record something and I'll probably put that out next Wednesday so that we have some content to release that day.

So nothing live, but there will be video and audio coming down the pipe next Wednesday night. And there'll be Mr. Jeff DeVic and myself just chopping it up in the basement studio that Len is yet to visit. You're more than welcome to come to that, by the way, if you want to make an appearance. We have plenty of mics here and plenty of room. I'm at the golf course this Friday. Second time in a week. And you know what? I didn't play for two months.

Last time I played was middle of July. I took two months off. Wow. Because of circumstances, you know, my mom's, my wife's mom cracked her hit. And then one of my golfing buddies heard his back, his shoulder blade specifically. So they were just a series of events. So yeah. So I finally got to play again last week, which was amazing.

And I'm playing again, hopefully Friday. Tough. As long as it don't rain. We'll see what happens. So we're looking forward to all that. And then after that, it's pretty much one more week until the conference. I'll be on Mike Campbell's show on October 29th, I think. So whatever week that is.

And I'm looking forward to talking to him, obviously. Was it September 29th or October 29th? I forget I got to check my calendar. But in any case, looking forward to speaking with him and his team. There's an announcement coming on that show, by the way. You'll want to tune in for that one. And that's all I got for housekeeping. So we're about 16 minutes in, wasted a bunch of.

of people's time. Thanks for sticking around. Where do you want to start, buddy? Talk about trade ogre. We talked about trade ogre before. It just like, it was in passing in the previous show. And allegedly, we know somebody who may have used it. I'm not going to go. No, we do. Yeah. Oh, wow. Yeah. Mani Manor? Yeah. Oh, wow. This is years ago. So, like, this is. He was just at my house a couple weeks ago with his wife and daughter. Yeah. So if he came by after this happened, Maybe he's wondering what's that. Well, you know, when I spoke to him, he says, it's been a long time since he used it. Okay.

So it's a shit coin exchange, and it's a no K-YC exchange at that. You just sign up with a quote-unquote email address, so make that for what you want. And people who left anything on an exchange, it wasn't a non-custodial exchange, like bull Bitcoin, where you're suddenly place, it's the only thing you can do, you got to provide an address to facilitate to buy. You could buy stuff and leave it on there. And people have done that. And they got rugged. They got rugged. Why?

Because the Canadian police, the RCMP, they just completed the largest cryptocurrency seizure in Canadian history. And it was estimated at the time this took place. It was sometime last week, $56 million in value was on the exchange at the time. I presume that's Canadian dollars, but either way, Canadian USD, it's still a decent amount of money. And the RC&P, this is straight from their website, their press release. It says that the money laundering investigative team opened a file in June 2020, 24. So last year, so almost a year and a half,

year and a quarter, and this was following a tip by Europol. Europol is the one who is saying this, something has to be done with its exchange. And they're saying that the exchange did not confirm, a conform with Canadian regulations, nor with Canadian laws. And a lot of exchanges in Canada,

that in order to do business, they got to jump through hoops and shit like that. They didn't register with Fintrack as a money services business, and they did not identify its clients because, well, it was KYC free. So they say investigators have reason to believe that the majority of funds transacted on trade ogre came from criminal sources. Why the people running trade ogre were operating it within Canada, I have no idea. If you're going to do something like this, it makes sense hypothetically to do this somewhere else where you're outside the laws and you're not subject to Canadian laws. Either way, a lot of people were upset what happened because a lot of shit coiners that were trade ogre users were upset because they had shit on their exchange, likely shit coins, even some Bitcoin on there too.

And it was seized, taken away from them, gone. and they're posting all the anger, all on X. They're just going and just saying the Canadian government, the RCP, they just overstepped their boundaries. And please say, this is very interesting. Please say the owner of Trade Oger was in the U.S. No name, but he's now dead. Maybe he died from Crohn's like Gerald Cotton.

I do not know, but I could not find a name, but they were saying that he, passed away in the U.S. So no charges are going to be laid to the owner because he's no longer with us. Interesting stuff, I find. It looks like the Canadian government and Europol, they're getting more active

with respect to this stuff. Again, I don't know why they operated within the Canadian, on Canadian soil, at least the digital side of Canadian soil, but they did it. They're paying the price and their users are paying their price. Don't fucking shit coin, man. Trade ogre, trade ogre's been around a long time, right?

I think so because remember our coin like our coin long long time no oh okay so that's that's when allegedly manny would be using it because our did a pump yeah this is like five years ago or so and the trade ogre was the place to buy it from so yeah it's been around for a few years I'm not sure so the reason the reason I ask well the reason I ask is because there was a time when if you were a Canadian bitcoiner or Canadian crypto enthusiast. It was hard to use American exchanges, right? And one of the reasons that Canada became a favorite for a lot of people, whether it was Quadriga or others, is not because there was like favorable legislation necessarily, but what there was was an inability of law enforcement

to really clamp down any of these products. So maybe tradeover is a relic of that, but obviously in the last five years, especially the last five years, the interest, capability, and political will related to clamping down on crypto exchanges has ripped to the upside. And so naturally, yeah, they get this guy. The most interesting part of the story, though, is that he's dead. Is that not the most interesting?

How is it you know enough about the guy, presumably, that you raid his exchange and want to capture him, but don't know that he's deceased? Is that like the vibe I'm getting from the story that when they went to execute execute probably the wrong word when they went to carry out the final bit of their investigation

which presumably would have included capturing this guy that he was already passed away well let's look at it from a different point of view what if it wasn't an individual that passed away maybe was an agency that set up this organization

as a way to capture people huh okay right potentially like we don't know interesting they're not naming the guy's name yeah saying very little about the owner that's deceased which kind of is suspicious to me so i i don't know there's a lot of questions i don't know what the hell's going on but i think that the one thing is it shows that the king government is going to be looking at this moving forward

oh 100% yeah yeah and people need to be aware if you are trading garbage like even trading Bitcoin in and out into something like Bitcoin to USDT or US any of those tables yeah any of those tables and then coming back in just trading like you're asking for problems if they ever find out CRA finds out

you have been trading and you've never reported it. This is an example they're going to come in to swoop in and just take everything you've got without even thinking twice. Now that they have the manpower to do this. I think that's more of an irrelevant thing. It's just I just want to point out that they mean business.

Whenever they want to get down to something and tackle a problem, they'll fucking do it. The same way they're doing with the ostriches. They'll just mobilize the people to get things done. And they'll fucking. RIP, those long neck beauties. Are they gone?

I saw online about an hour ago, there was video of the RCMP at the doorstep there talking to the woman who owned the farm and she was pleading with the police to let her at least finish feeding the birds before they called them all. Give them one last final meal. It just sucks. Like that's the story that's probably not in the notes for tonight, but no, it ain't. It's just like, like what is the point of that?

They don't have this is, okay, we're done with trade over. This woman in Alberta, you know, I don't know this story, but I saw it today for the first time. I am like a big time animal lover. I have a dog. I think anyone who has a dog or a cat or whatever, there's only one speed once you have a pet and it's animal lover. And so stories like this are, they're heart wrenching to say the least. This idea that this woman has a farm full of ostriches, and like the RCMP has decided that it is worth their resources to make sure that because one of them had bird flu last year and passed away, while the rest of them are immune, never caught the flu and seemed to be immune to it, even though the RCMP won't allow any testing or won't allow any medical review that's not done by them, of course, that the rest of the birds have to be killed. killed, 400 ostriches.

Like, what do you, what is the point of that? How much, we talk on this show every week about something dumb that's happened in, you know, crime and, and larceny and that's, that there's no resources for. You have people in the police force going on TV and saying to leave your keys by the front door, surrender to intruders, blah, blah, blah. Meanwhile, there's, you know, a police operation at some level, whether it's provincial or federal, I have no idea, cutting the power to farms before raiding them to kill ostriches that are healthy. That is a mix up of priorities, in my opinion. And I don't know the full story.

I readily admit that. I'm giving you what seems to be the most complete version of events. But to me, it's like, even if that's only half true, it's still enough to raise an eyebrow. I will follow this once it's reported by Rachel Gilmore. Did you see her on TV today? I know you guys were chatting about it. She had a healthy summer. I got to grab the baby monitor. Hold on.

All right. Here we go. So we could just move on and talk. I wanted to talk about Mayor Ken Sim, but I'll wait for Joey to come back before I do. I will just point out that Bull Bitcoin, now there is a new option for them, a new development on that front. And with Bull Bitcoin now, you're able to do limit orders. This is a brand new feature that came out this past week. And it's the first world's first self-custodian exchange and offers limit orders.

So you can now buy or sell, I guess, at specific prices is now possible. So you're just able to do it based on percentage of the current price. So just another option for bold Bitcoin users out there, especially for people that want to deal with these non-custodial exchanges. If you have anything to add to that, Joey, I probably don't think so. I saved this in a perfect time. I put it, I read it in the ad read today just because it's not worthy that these guys are adding services that people actually want. They're not, you know.

Only to buy side for the moment. Well, whatever. But you know what they're not doing? They're not worried about how many shares are outstanding. They're not doing quarterly reporting to markets and talking about stuff that's not directly related to the Bitcoin mission. They're not selling to VEVAC? They're not selling to VEK, no. What a fucking scan that's turning up to me, right?

I know, I know. Well, yeah, let's talk about, you want to talk about that? We can talk about that if you want. I have really nothing to add about that. So there's a, yeah, Vivek in some conglomerate. I bushered his name. Yeah, they bought similar scientific was purchased today. Similar scientific was purchased today.

And the plan for Vivek's, you know, conglomerate, Vivek Vovac, whatever his name is, is to wind down the similar business. Did you know that? No, which is funny because it was a company. And I talked about this in the past, that this is a company that offers a product. Yeah. Also this. So like it's making, like, my argument for it is now gone.

if they're going to do like whatever right well the thing i said to mark today and we'll probably talk about this more on friday when he comes down the thing that the treasury heads don't get is that while they're obsessing about once msterr makes it onto the s&p 500 and the passive flow start and the capital income the capital inflows start to really accelerate this is going to become the new meta everyone's going to know that bitcoin treasuries are the new meta and this is what you need do as a company to be successful. This is where things are going. It's where the puck is headed, blah, blah, blah. Meanwhile, what I think they don't get or are missing or are undervaluing or under-indexing for is that once MSTR is on the S&P 500, all those other little

companies, Semler, Metaplanet, whatever, they're all dead. They're probably dead already, to be honest with you, but they're dead for sure once MSTR hits the S&P because they will outpace every other treasury company, even more than they already are. And those little companies will just die off unless, Len, what? Unless they have an underlying business. And Samler had one. They're selling medical equipment or something of that nature. And now the plan is to unwind it and just acquire Bitcoin.

I cannot stress enough that people who are leaving their jobs to work at these companies that are like going all in. on early investments, I think this is, unless you're in MSTR, I think it's a mistake, and even MSTR is carrying more risk than normal, I believe. So to me, it's like just, it's a, it's a misallocation of, it's a miswading, honestly, of what's important in a stock ticker. It's not just the Bitcoin yield. No one cares about that.

It's a fake number. You need a business. And MSTR, you know, is their business the key thing? It's not anymore. But they're doing some innovative stuff with treasuries or sorry, with, bonds and debt and different capital structures. But even then, like, is that a business? I mean, time will tell.

But if it is, it doesn't mean these other companies are going to be successful. It means MSTR is going to be successful. And if it isn't, then these other companies are going to fail and MSTR is going to fail. I don't understand where the enthusiasm for these penny stocks came from. And you're seeing that, by the way, in the price action on these stocks. That's undeniable at this point. what is bitcoin yield when it's when we're talking about it's i have no idea it's bitcoin per share they call it bitcoin per share they call it bitcoin per share so i've talked about this before that i think it's

nonsense i went on ben's show and talked about this like a two months ago or something and we were taught and jeff walton was on too and we were talking about this bitcoin per share thing i don't get it i don't get it because it's not anything you can actually withdraw it's unrelated to price of the stock, like the market does not respond to Bitcoin per share. And to call it a yield is unfair because there's no distribution. You don't get any of that Bitcoin. You don't get any dividend or revenue from this in Bitcoin terms or based on the Bitcoin or like it's all just nonsense. It's nonsense. And you can say whatever you want about this. But at the end of the day, you're basically bleeding two places, right? You're bleeding because there's slippage in the

price of the underlying equity, right? MSTR is down over the last three months, even though their Bitcoin per share is up. So not only are you buying MSTR that's decreasing in value. You're not buying Bitcoin. Yeah, but you're not buying Bitcoin. Yeah, but you're not buying Bitcoin. You're not buying those dips.

You're buying MSTR instead. Price and Bitcoin is down in the last three months, too. Yeah. I'm not trying to, but you got to like, I don't know how I have no idea how much Bitcoin, sorry, I wanted to record a, I wanted to record a quick current on this, but I just it's Lake who'd have said it Francis I think

was doing to coin this term this lakefront capital thing have you seen invest in my lakefront capital so I can buy

more lakefront properties you know your lakefront yield it's like it's obviously it's obviously

bullshit my opinion no plateter was he posted something recently

and is with respect to I never knew what pipe meant until two weeks ago and I said

but learning about it that with respect to NACA, MOTO or NACA, what the fuck it is? Kindly. Kindly, MD. Samler ended up with more shares in NACA than he did with his own company.

Do you know, okay, so this is a strategy you see thrown around. Sorry to cut you off, but this is another thing you should talk about. This is a strategy you see thrown around in the biggest MSTR group on Twitter, the ADIQ mindset MSTR Bulls. And the thing that I would are irresponsibly long, MSTR, ADIQ mindset, I think is one of their admins.

I forget now. It's like a jumbling of visual cues I've seen on my phone. The idea that Bitcoin treasury companies should just be buying each other to run the price up and buy more Bitcoin. Like does, does no one over there think that's a bad idea? No one in this group of people who is ahead of the curve and telling me I don't understand Bitcoin yield, these same people are telling me these companies shall just buy each other. what are we talking about let them do it now i think when it was reported that samler the ceo had more shares in naka or finally what the fuck it is yeah versus his the company that's

named after him or plet it put out the entire list of like yes adam backs on it but that was probably the red flag for samler scientific when he had more capital associated or allocated towards a different company. And that, I mean, we should have said, wow, like, is he going to just get rid of some or what? That's like if I found out that you had more shares in simply Bitcoin than CBP, like it would be a sign. I am not going to disclose my holdings.

This is going to remain hidden. You're simply Bitcoin shares. I'm simply rich as a result of all this. You know what? The companies that do have Bitcoin, and I was thinking about this, sometimes this weekend. I was busy this weekend, too. They say, name a company, whatever the fuck it is, but say they have an

X amount of Bitcoin on their balance sheet. And the NAV is below that. Like, their Bitcoin's worth 100 million and the company's worth 85. Doesn't it make more sense for MSTR just to simply buy up that company? Because they're going to be able to get Bitcoin

at a cheaper price. As long as there's no other problems with the company. It's books are fine. There's nothing like that. And you just do the turn it into a similar, destroy the business and take the Bitcoin. Yeah. Isn't that more fiscally responsible for MSTR? Because they have the ability to gather capital.

Well, this is what happened today with the Vec, right? Like, they did an all cash or sorry, no cash transaction. It was shares, right? So I need to know the details. Like, I got to look at punter's timeline. But to me, it's just like, the more you do this, the more likely you are to find yourself in a position where you have, you know, Where it's, it's like, there's too much, there's too many fault lines that, again, like, are just not top of mind and not on anyone's radar when the price is 110. But if we drop to 90, you know, MSTR is going to be fine.

MSTR has got so much capital that it's not going to matter for them. But it's going to matter for like similar metaplanet. These companies that are basically zombies, right, that just bought Bitcoin and rode the Twitter high and tried to, capitalize on people wanting to make a quick buck for whatever reason bitcoiners seem to think that shick-coining is bad but buying treasury companies that are penny stocks is good or responsible or moral and i just don't see it i don't i don't see how one is worse than the other they're equally as bad yeah i think so too if you're if you're simply talking about bitcoin neither of those two buying a share in a company or purchasing a shit coin is anything but

you can't take ownership of it the same way you can with Bitcoin. You can't verify it the same way you can with Bitcoin. All those fundamentals that make Bitcoin Bitcoin that people want to get it doesn't exist with those other things. So if anybody is saying that this is like Bitcoin, no man. It's just the price

may be kind of associated with it. That's the best you could say. But in the end, you're still operating within the walls of the Fiat Garden. And ultimately, if you want to take it access to all that capital, you've got to pull it out of your bank. And For the time being, it works fine.

There's no resistance for that, I think. But moving forward, I can't guarantee that. And I hope everybody that's playing in this game gets access to the capital that they have in a market. If not, it's a good learning experience. Buy more Bitcoin. At least you should have bought more Bitcoin. Yeah, it's a good learning experience the hard way. Yeah, exactly.

Yeah. So I look at that. It's total nonsense. Full disclosure. Like, I owns some MSTR. And, you know, Len and I've had this conversation. conversation before about how I still think I need my TFSA for some fiat expenses and there's no better place to grow money basically for free while the currency deflates to nothing than some of

these companies. But Len is correct in every other assessment there that it's not Bitcoin. It's just like it's just not. And it's never going to be. Sailor is never going to pay you out any of his Bitcoin yield, you know. And by the way, Mike was on Brunel's podcast again. Since it seems like he's only got eyes for Natalie these days. Mike? Siler? Yeah, sailor, yeah. Okay. Was on Natalie's podcast.

I was listening to it on the weekend. Of course, why is you going on podcast, Len? A new narrative to spin for some nod along clown who won't challenge you on anything and just fucking smiles and nods. The new narrative, we need Bitcoin to be very low utility because anything that's high utility is a bad store value. Gold is the best sore value because it's very low utility. Silver is worse because it's higher utility. Copper is even better because it's higher utility, but it's a terrible store of value.

He's talking about transactions or means of exchange, meaning of exchange. I'm honestly sick of this guy. I'm sick of them. I'm sick of them. And also I watched that unconference keynote he gave. His hands are very small.

I got a problem with guys with like disproportionately small hands or something to that. You know what they say about people with small hands, right? Yeah, he's got a fucking small security suite. No, they wear small gloves. Oh, well, I wouldn't. know that, but it's just like, you're not going to wear big gloves. I just, I just don't know how many more times we have to see something from this guy. And I realize that probably most Bitcoiners are either new and think it's cool that he's talking about it and need something to tell their friends at a party to sound smart because they're otherwise retarded, you know, fine. And then there's other Bitcoiners who are like of our vintage who look at this guy and like just don't care. They have enough Bitcoin. They don't give a shit what this guy says. But I care about this because I think he's the voice of Bitcoin to traditional finance. And I want traditional finance to get on board. you know, with the right things in mind, and he's got the wrong things in mind, this guy.

Like, why can't it be a medium of exchange and a store of value? The reason that some of these other ones don't serve both functions is because they're material, their physical material and physical material has demands and tradeoffs. Bitcoin doesn't need to have those same tradeoffs. Why is a guy who says that Bitcoin is digital Manhattan unable to realize that digital Manhattan doesn't have the same constraints as real-life Manhattan? He's picking and choosing these ideas. He's inconsistent intellectually.

And I think he's doing it on purpose. And I don't want him to keep going on these fucking shows. And I need somebody, Natalie, Lavera, Ced Yeoman, whoever, push back on this guy. Ask him why he's inconsistent between these two. These are obvious inconsistencies. And no one asks them. The people you mentioned Natalie and Lavera and whoever else you mentioned. I like Cedric.

I wouldn't put Cedric. I know Cedric in the same boat as Natalie and Levera. I know Cedric and he's a great interviewer and he's gotten a lot of flowers on this show for me and from the comments over the years. And I just think it's, I think Staler is a steamroller. And those other two, they have, at least one of them has a vested interest in these Bitcoin treasury companies. Am I correct? Levera for sure. Oh, how is that the other one?

Levera does for sure. Levera has been talking on his podcast. I haven't listened in a few weeks, but he's invested in one too. It's everybody. You're never going to get. It's like anyone who says they have an announcement coming up. is fucking launching a treasury company I'm thinking myself like what do you guys think is going to happen here

do you think they're going to go out there and grill Michael Saylor I don't know because if they have a vested interest for him and the company which they invested in to do well they're not going to go up there and I mean prove me wrong but you know they were just I'm looking at they wouldn't do that

it's not in their best interest I hope you're right to do that I hope you're right but honestly I don't I don't we need someone to do it because the clicks just for the people who are only caring about plays the clicks you would get for pushing back on this idea the same way I just did you can say exactly the same thing you can copy and paste it you can put your voice over mine and just say it to him how do you square these two ideas you get an infinite number of clicks and this

guy would retreat into his shell no I'm fairly certain he has something prepared for that. He's not a dumb guy and he's gone through this enough times. He's probably rehearsed this given if somebody's going to come up to him and present a opposing viewpoint or something to push back.

I don't know about that. It may not be as strong as what he's trying to push but I'm sure of it. He must have something prepared. Yeah. You don't listen to 40 hours a week like I do. No. And I, you know, one thing that's giving me a little bit of hope is some of the

smaller shows are starting to talk about this like we do. Just saying, like, this guy doesn't know what he's talking about. And now he's commenting on Knott's versus Core. Like, you know, I appreciate that he's commenting on Nott's versus Core. I like this about him. But again, like, the more he speaks about Bitcoin in a way that can't be rehearsed, the more I think he's sort of technically lacking in what he knows about Bitcoin. And I see in the chat, you should interview an hour.

ask him. I have no desired to interview Mike Saylor. If he wants to come on this show, I would be happy to talk to him, but I'm not going to beg. I'm not going to bend the knee. I'm not going to email. You have to go through his PR people. You have to go through MSTR. Like, it's, it's a big ask. And I don't have the time. I got a little one at home. And I, again, if someone served them up to me on a platter, I would do it. And it would be a fun interview. But I ain't going to do it by going through all these channels, you know, and just standing here. nodding my head to shut my fucking camera off for an hour and let them talk. I'm not going to do that. We don't do that with any guests, by the way, even though we don't challenge

all the time directly in a confrontational way. We don't let guests just roll over us. And it seems to me like that's what's happening. I mean, I've gone on this rant before, but whatever. You said if it goes to 90K with respect to the price of Bitcoin, you're going to be fine. Yeah. It could go to 10k and it'll probably still be fine. Oh, yeah, easily. It could go even lower than that. They're basically loaning out 10,000 or they have like 10,000 liabilities for, you know, 600,000 in assets, basically. What's the Blacks

One event for them? It's Sailor dying. Maybe. That's it. That's basically the only thing. Short of this thing being made illegal in the United States, like they're basically untouchable. Let me give you another one. There is some sort of breach

in Coinbase and or fidelity that even the smallest amount, it could be even 100,000 and sats are stolen from it from somebody's account in the way that it was within that walled garden of their their fucking institutional investments

I think that would be enough for people to say I can't allow my investment to be tied to this somebody could digitally steal we don't have the wallet so I think that would be

that would be the blacks one this is why they don't release the confidence in the market to be lost and it just yeah You're not wrong. That's me, that's a black swan event. This is why they don't release the wallets because they can't take that chance. So, you know, we could guess that they lost 100,000, but Coinbase would never tell us.

Fidelity would never tell us and we'd never know. So who knows? Maybe it's already happened for all we know, right? But anyway, you guys should be creative in their approach, though. I'm going to find that interview. And I want you guys to watch it because it is honestly insane how small Sailor's fucking hands are. I think it's from. You're fixated on.

I like this. just weird. I used to follow this account on Tumblr back in the day. Tell me if you've heard that before. Called one tiny hand and I thought it was the funniest thing in the world. It was basically this set of famous pictures

of famous people with one really, really tiny hand. There's the link for people on YouTube and Twitch. I don't know why it doesn't send it anywhere else. What can I say? Streamyard get it together. But anyway, his hands are very small. Let's do one more story and then we'll move over to... It's there. One tiny hand. It's still there on Tumblr.

Is it? Yeah. at least it on google and it shows that trump yeah there you see kim jung eel yeah um obama kim what's the current one kim jangoon yeah yeah it's all trump and kim jangoon they say this is another one that obviously oh this is from 2017 so they stopped posting too bad anyway yeah all right you hear about that 12 foot statue that went up of Trump in Brampton oh of Trump okay go ahead yeah sorry that's a mrs. saga buddy that is when you're talking about so it's a it's a 12 foot statue of Donald j Trump holding like a symbol of a bitcoin like that's what it is a bitcoin stupid and it was put

outside the US capital and it was put up on September 17th to honor his support for cryptocurrency the statue they say is is like a symbolic gesture Because the National Park Service, the issued a permit, which stated, it's recognizing the president's support for cryptocurrency and its role in pushing Bitcoin's value beyond $100,000. This artistic installation aims to ignite discussion in this iconic location. And it's a golden statue. Obviously, it's not made of gold. It's just the outside, the appearance of it kind of reminds me of those statues in Pyongyang of Kim Jong-il.

exactly right doesn't it it gave me that exact impression and so they said this went up on september 17th the reason why it went on that that day was taking advantage of the federal reserve rate cup decision which took place on that day as well and for people wondering who is behind it it's shitcoiners that are behind it it was organized by meme coined enthusiasts that are tied to pump dot fun and that is a meme coin platform and maybe we should put up a statue honoring Chinobi

holding a can of a can of spam there's not much say about this is there like what can we really say about this that we could honor his commitment

to the cause of the spam right like that's that's what we should be doing right I don't know it just seemed odd it came up

all of a sudden in my feet and I was like what the fuck is this but it's a shit corner that's behind it yeah yeah

I have no comment on this it's like Why are people doing this? Get off this guy's dick, man. You know, just stop. Find another. You're too online. You've lost context.

Get off the internet and go touch some grass before you decide to do something like this. Hey, I'm going to talk about this guy named No, Sphere 888 on X. And he released a new script for node runners out there who dislike knots. This is a different spin on things. The script is available on GitHub if you just go to the NOO-N-O-Sphere 888 account. And you can see there's a ban not release on there. It's a standalone script, and it's used to ban connections from your node to not's nodes.

And it could be easily run on any Bitcoin core node. And this way, you don't have to connect to nodes that won't relay your valid transaction. This is according to the GitHub nodes. It also has full backward compatibility. So if you're using a previous version of Bitcoin Core, this will work for you. And it works for any Bitcoin Core node that has RPC enabled. So if you're trying to connect to your node, like with the Sparrow or something, obviously, you're going to have this enabled. So you have the option to either ban or just disconnect from those knots nodes.

And in order to take action on this, you have to have SSH. access to your node following instructions you're off to the races i like this stuff i i may not agree with the fact that you know banning knots but i like the fact that people are taking action yeah they're doing they're making a statement one way or another i mean it may not agree with their statements but the fact that you can make a statement is i like this and i just found it to be rather funny and in a way i support the fact that they're doing something like this i like options i like having people that they could do what the fuck they want wonderful stuff i won't run it but But somebody can and somebody may want to.

Wonderful. Give people options. Welcome to the Bitcoin development community where there's always a script, no matter what side of the fence you're on for any argument. Someone's got your back. Knock them out, knock them down, shut them off, shut them down. Just run the script. It's really that easy.

How can we even see more of these, by the way, given that you can just run like an AI program to write you something, presumably, with basically no friction. Don't see too much of it. good question yeah i guess finally somebody came to the conclusion it was time for us to do something because up until now you had not kind of not kind of filtering out certain transactions yeah from their mempools and core nodes are doing nothing this is a kind of okay we're going to do something on our nodes and we'll not connect to you guys and that way you'll never be able

to send your shit over like i you know it's it's interesting it's a battle but you know know what it's it's a way to make a statement if you believe in something you should very well have the ability to broadcast it and do something about it if you are a pro core guy and you want to have you want to have inscriptions and all this shit all the spam on your node all the more power to you man i may not agree with you but you have as long as this with the consensus of the network yeah well fucking nuts yeah i don't fucking care i think you're right i i you know i'm surprised this is still ongoing. We talked about this last week or two weeks ago. Like, what's

going to take for this to end? It seems to me like people are against version 30. So, you know, whatever it ends up happening there, it'll be either people not upgrading or people running knots or whatever, but it seems to me like that's just V3O is not going to take. So

I hope that's the end of this discussion for the time being. Well, no, I think this is another step in the you know, it's definitely not the end of this shit. There's going to be many, many more discussions on this topic, especially as Core 30 becomes more mature and ready for release. It's getting close.

Once that was released, then there's going to be a lot of discussion and what's the best path forward, how to address it. Is it really something we should be saying that they're compromised? But it's a topic for another time, I guess. Sure, sure. Let's talk about Mayor Ken Sim from Vancouver. Kenny, friend of the show. He's pro-Bitcoin.

He's been here. and shitty city from what I understand although my perception of Vancouver is different because I've never visited there but it just seems like such a great city either way blockchain dot news was reporting that Vancouver has established a Bitcoin fund for the Vancouver Firefighters Charities

the majority of that article was horrible it was written by AI, terrible article anyways I had to go to CTV for more substance and apparently what's been created was a fund dedicated to support the mental health of firefighters. And it's been reported that suicide rates amongst firefighters are 30% higher than in the general public. I don't know why that's the case. Because they're the first people to get to accidents.

Oh, yeah, you're right. Okay, that makes total sense. Yeah, they see the absolute worst. Anyways, so donors so far have given about 3.5 Bitcoin to the fund. Not sure if there was cash converted directly to Bitcoin or not. I'm assuming that's the case either way. it's now in BTC. An additional $2.7 million

Canadian have been pledged to this fund for mental health. Anyone wishing to donate, they could do so in either fiat or corn. And if you go into website, Vancouver Firefighters.ca, you could do it. I tried it, but I couldn't find a way to do a Bitcoin, a Bitcoin donation, either way.

I like this. I'm wondering how they're going to be dealing with this as there's fluctuations with the price of Bitcoin. And there's going to be. We're now a year and a half into this cycle and if you just look at

previous cycles weren't for some interesting times ahead with the price of Bitcoin and given that this is for mental health they want to use the money that's been donated to them

what happens to the price of Bitcoin goes down 30, 40, 50%. Are they going to still remain in Bitcoin? I hope so. I'll stick it out but let's hope they're Bitcoiners rather than just traders. I think you know Mayor Sim not only is a Bitcoiner

but also gets it, you know, talking to him about some of the problems in Vancouver and some of the things he's doing with Bitcoin and other initiatives that he's trying to take. They're unpopular because people don't understand the vision he's got, right? So I expect that this is going to go well. And I think that firefighters are among some of the people who probably have pretty good instincts about stuff like this. They're people who are thinking about their retirement. They're people who are family oriented. A lot of the things. time and I may be stretching there a bit but you know my experience anecdotally obviously firefighters like that stuff don't forget um blue collar bitcoin was i think two firefighters or one firefighter and one um ems guy so there's some precedent here and what do what do people like more than a suicide prevention fund that grows in value i can't imagine there's many things you know so over time yeah we want to limit suicide maybe exposing people to Bitcoin isn't the best for mental health. You know what? Just give it four years. If you can make it four years, just you'll be fine. It's just a time horizon. Where are they looking at? Is it a long

term outlook or are they looking at what's my return today and then tomorrow? What's my return today? And if that's what it is, then it's possible they could just liquidate and go into Fiat or buy. I'm liquidating. I'm liquidating my assets and going into Fiat. And maybe, well, I would imagine they wouldn't stay in fiat. They'd buy some, I don't know, an ETF that covers the market or something. I don't fucking know. Yeah.

Whatever. Do one more story. Sure. Fortune, they wrote an article and they were saying that Google, they released an AI payment protocol that includes support for stable coins, including partners that are Coinbase and Salesforce. Salesforce, we've talked about them in the past. I believe on Access of Easy, right?

On Access of Easy, yeah, not here. Yeah. Same worlds collide. If you guys aren't listening to Access of Easy, you should be because you will find it useful and also probably funny. So there you go. So Google, what they're trying to do with this new AI payment protocol is make it easier for AI apps to send and receive money.

So it gives them an ability to plug into this and send them and receive money. And it's an open source protocol. And they say payments can be done with, credit cards debit cards and stable coins and you know given they're working with coinbase here and google i i have no faith in this actually working in the end i'm looking at the meta smart classes as an example that that whole fiasco that took place was awesome to see but it was terrible for the people running it i think it's kind of the same thing remember not too long ago

we also had the federal reserve talking about that payment initiative or innovation that's going, I think middle October. So you have that. We have tether U.S. AT. Now this Google AI protocol for stable coins, like there seems to be a lot of converging things here, right? You know, I'm just wondering what the fuck is going on. Time will tell.

But I think there's enough here that we can probably piece things together. Right? Right? There's enough things that are just pointing to the same fucking... I'm telling you, man. Telling you. It's interesting. Yeah, there's a need for these.

These coins. There is. Boomers pointing out a Kevin Durant story. I don't know if he saw this. Kevin Durant. Yeah, I did see that. I don't know how we can't access to it.

Yeah, he locked out. Like what? How? It's all you just provide the information. Here's my identification. I'll fucking fly over there to show it. Nothing easy in the world of Coinbase and withdrawals. I think it was Dick Whitman today posted to Coinbase.

You can get your coins at any time, provided we. have the liquidity. Yeah, I was going to say this was sold a long time ago. They don't have access to it. It was added to the MSCR stack. What a mess over there. But reality, like, it's just getting access to an account. How, like, in a sane world, how difficult is this to do?

It depends how old the account is, probably. It depends on. But it's still the same person. It's not like you change. But they probably have, as they should. some pretty significant hurdles to get over if you haven't accessed the account in five years, let's say. Because let's face it, a lot can happen in five years. You could die. You could have a moment of distress. Someone could find your account. Someone could find your wallet. You could be

mentally incapacitated. You could be a number of things. It's not, that's not my problem. My problem is that like always with Coinbase, it's a mess until a famous person reaches out and then Brian Armstrong responds directly. What if you weren't famous? What if you just forgot about your coins for five years. That's the problem. That's the problem. For somebody like him, and it should not be that difficult, like I say, for anybody, I don't care if it's a few

years old, there's put these barriers. You paid into it. You bought it. You should get access to it. I mean, it should have bought from a non-custodial exchange. But hey, he bought when he bought. And, you know, maybe his faces changed a little bit. Maybe his address may have changed, but

his facial features would have remained the same. His his name would have remained the same and he's a big enough like name that you know when he signed up and provided information you're gonna just go there not gonna do our coinbase and say guys look

this is me man and you know it I'm not in his sports these days but I could just Google Kevin Durant and say yeah I mean everybody knows what Kevin Durant looks like you know like he's it's not hard

some yeah some tall guy comes over looks like a former basketball player right he's no longer he's playing he's playing oh even even worse okay fuck Yeah, they should be a, like, the proverbial slam dog. And all this is, they're shooting airballs. Fuck that.

Anyways for nothing, Brian. Let's go to the notable North, notable news stories. Come back tomorrow. If you're on audio, this episode will end here, and then we'll resume tomorrow with the notable stories. If you're on video or with us live on Twitter or X or wherever you're live with us, hang out, man. We ain't going nowhere.

Let's get after it. We'll talk to you soon. Don't buy from coin. base.