The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - US Bitcoin Reserve In Jeopardy? Plus BLS Chief Fired and 54k Want a Job at CNE! | The CBP 226 Pt 1

Episode Date: August 5, 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: https://discord.com/invite/YgPJVbGCZX 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.

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

Friends and enemies, welcome to the CBP. Want to be better informed. Listen to Levin Joe E. Spots is taking care off right off the top. Oh, Bitcoin and Easy DNS, the media is feeding a slop. It doesn't matter what topics discussed. Quality entertainment and information you can trust. That's being planned or at least discussed.

You know, we're not going to allow people to buy this up. You can trust send the guys some value, boost them with some stats. Bitcoin is a scarcity asset. I mean, it's just a fact. Geopolitical national down to the local. Friends and enemies, welcome back to Canadian Bitcoiners podcast on this beautiful long weekend Monday. My name is Joey. That's Len.

Buddy, what's going on? How's the job hunt? C&E applicant number 54,561. Did you get any interviews? Are you looking to run the Apple, like bobbing for apples or ski ball? What are you applying for? What is your ticket collector? What is your work experience?

Oh, well, I've been there numerous times. So I'm hoping that alone should give me a leg up on somebody else who hasn't probably been there because they haven't been around long enough to have been there. This is only an annual event. Yeah. So I don't have an interview. Just submitted my application. And fingers crossed.

Let's see if I got called. I wish you the best of luck. Some of those lines are absolutely nuts, 100,000 people deep. Although I think next month we'll get a downward revision to only about 40,000 people if I had to guess. So depends who's in charge. Yeah. We'll be talking about Erica Mekintarfer. That's a tough last name to see.

No doubt. So we'll be talking about that tonight along with, a bunch of other stuff. We hope you're enjoying your long weekend. I just finished barbecuing when swimming today. I'm enjoying a Muskoka brewery tread lightly tonight during the podcast. I hope you guys are also wielding, yeah, wielding your drink of choice, whether it's water milk or a light beer. We're trying to craft beer that this show. So stay too. I can't. I can't wait. The sponsors as always, first and foremost, easy DNS. The friendly neighborhood registrar you didn't know you needed, but you will know you need them soon. Because as you see in

the UK, the crackdown is coming and where better to be than a registrar. are that will take care of your privacy, your information, and not bend the knee. Mark over at EasyDNS, obviously a friend of the show, a friend of ours personally. And what's not to like, Len, you go over there, get some easy mail, get some domain, sure, a couple extra bucks, extra security. We talk a lot on Access of Easy, that podcast we do every Thursday night for Mark about all the different ways people are gunning for your data. And not once, Len, have we ever talked about an Easy DNS slip up? and it's not just because Easy DNS runs the show, but because they are the best service in the game,

best in silos like to say, don't forget if you're a Bitcoiner, virtual private server options to make you happy, Bitcoin nodes andoster relays, all that good stuff. And of course, Bitcoin on the balance sheet, that's trendy these days, but Mark was doing it long before. It was cool.

Pay with Bitcoin, if you like, if you want to pay Fiat, do that too. Money back guarantee, not that you'll need it. The code is CBP Media, and you get 50% off your first round of buys when you head over to Mark. So go over, buy a couple domains, man. Make a couple domains, man.

Make a big order because you're going to maximize your savings with a 50% off your initial buy. Might as well make it a big one, right? Load up the cart. All right, we got Bull Bitcoin, second sponsor of the show. A lot of people are buying Bitcoin these days because it went selling as well because we noticed the price went down and price went up.

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is the choice for me at least. I don't know, maybe for you too as well. Either way, a lot of different things you could do, you can start paying your bills with your Bitcoin. Because look, Bitcoin's sitting, as per my block clock, 150K, K, I suspect a lot of people have been buying Bitcoin long before we reached this

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well, most Western Europe, Canada, Mexico, Costa Rica. Gosh, are they opening up in other places too? I hear rumors. Only matter of time. So another Central American country. Either way, if you haven't yet opened an account, use our referral code below. If you do that, a little bit will be taken off every time you make a purchase. That way, you know, the buys will be stinging a little bit less

because it's going to be costing you a little bit less than the end. Might as well use bull bitcoin, not custodial, best in the game. Totally agree, man. Do you want to do some housekeeping first? I guess we should. Last week we had, oh my God, who did we have on the show? Boomer was the co-host. I really appreciate him helping out.

He will be back again this coming Monday because I'm away at the cottage. So, Boomer, thank you once again. Not that he needs to be thanked. Boomer actually has direct access to the CBP boys because we lean on him so much and he's been such a big help to the team over the years. Last week I talked to Heather Exner, Piro, Puro, Puro, about energy and specifically the sort of lack of foresight that we seem to have had over the last, I don't know, 10, 12 years-ish related to our national resources, not just oil, though that was obviously a hot topic because it's a hot topic.

anytime you talk about energy in Canada, that comes up. But we also discuss, Lent, something I think is really interesting. These are my words, not hers. The censorship regime around what it means to be able to talk about oil and the benefits of oil, the burden of proof in some cases where it lies for somebody who wants to report, for example, on net zero initiatives and the sort of greenwashing that goes on. And one thing, you know, I want to mention here in the housekeeping, because I think it's relevant. And I know that not everyone listens to the guest spots if they don't listen to

Monday night. Did you know that, I mean, you know this because we talked about it. The CPPIB stopped reporting on green energy and net zero. Some banks also stopped reporting on it. And a number of other Canadian, we'll call them investment planners, just for the sake of making it easy for people understand, stop reporting on green energy and net zero. And we, we'll call them investment planners. We'll call them investment planners, just for the sake of making it easy for people understand, stopped reporting on green energy and net zero. And we thought, you know, I think correctly, it may not be the exact reason, but we correctly thought that she, that's the reason that they were doing this is because it had just fallen out of favor. Investors were tired of underperforming in the name of, you know, saving Gaia or whatever trendy thing, Greta Toonberg

and her ilk were coming up with and making public. But in fact, Len, the big reason they stopped reporting on these things and using them as investment, let's call them themes, is because without using what the government of Canada calls modern and commonly understood metrics for data reporting and data gathering and all these things for that data in that silo, you open yourself up to litigation. Up to 5% I think of global revenues could be fined by the federal government if you use information that even if accurate is misleading and of course this this you know is too much for oil companies for sure but also the CPPIB the best part land is that even if you use what is the name of that parliamentary budget office data it's actually

still no good because the PBO doesn't use quote unquote modern and widely accepted methods for this data now this data is obviously novel it's very difficult to have a an accepted universal global sort of ISO um you know type standard for this stuff so you just can't talk about it and uh on the other side of things to talk about how great green energy is renewables are no such requirement and you know the burden as well for people who make that conversation um make that conversation point about how renewables might not be the you know panacea that everyone thinks they are, you open yourself up not only to suit from government, but also from individuals. And the burden of proof, unlike in most legal proceedings, is actually on you,

the alleged spreader of misinformation to claim or to explain how you were not misleading the public. And of course, without widely accepted data collection and data analysis standards, it's impossible to do. It is infinitely defensible, as I said on the show with Heather for the accuser. And this is the world we ended up with in Canada. to this. So I recommend that quite a bit. Boomer's asking if she's been on anything else. She recently did money talks and also did Looney Hour. And I'm sure she's other places too. I've listened to a few of her interviews. She's extremely bright. And I want to just thank her again for making time because she's in the middle of the move across the world, basically.

So it was nice to get an hour with her and chop it up on energy. So I enjoyed that quite a bit. This week, Ahmad Amu's Safidine's brothers coming on. And I messaged him a little while ago because I'm getting older and all of you are getting older. I see the gray in the side of my hair more and more every week. And I said, you know what, it'd be nice to talk to a medical professional about the habits that us 80s, 90s, you know, even 70s babies should be getting into and following and really embracing to make the most out of our inevitable graying. And it's coming for all of us. But as Bitcoiners, you know, we want to have long time horizons and we want to get this, get this health thing lined up and who better than Dr. Amuse to give us the rundown.

We're going to talk a bit about fitness and maybe some TRT stuff, which has been, you know, sort of top of mind for me for a long time for a number of different reasons, but we'll get into all that. And I'm looking forward to that interview quite a bit. I have some other announcements to make. I don't think I can make them yet, but we'll. Just go with it, Joey, man. Just run with it.

I don't think I can I don't think I can say yeah I'll be back in a bit by the way I know no that's it we're dead we're done with the housekeeping go ahead we're dead no we're not we stop boost I'll rip through them fast because clearly uh we got to go through the bitcoin stuff the bird the hundred sats salute salute so thank you for that Pia is 200 and 10 sats he says excellent show gentleman says boomer stepped in and slayed well done another salute and shout the boomer yeah God's dith 237 Sats. He says, thank you gentlemen. You're welcome.

Mo BTC Dick, 500 sats. He says, shake pay rolled out a BTC only version of the app now. Nice not to see ETH on the page. I think with that you have to go on the app and you have to select Bitcoin only or you have to do some sort of interaction. And so with that, then you won't see anything else besides Bitcoin. It doesn't change anything. And the back end, they still offer ETH and as well as USDC.

USC, USDA, CAD, Heath, everything. Yeah, one of those things. Yeah. Last but not least, Business Cat 5555-5-5-sats. Business. And he says,

powerful boomer. And a, yeah. So thank you very much, business cat. Great stuff. Great stuff. Lots to talk about tonight, buddy. Where do you want to start?

We got a bang and rip for this evening. Well, let's just do right away, a story that I think you'll love to talk about. And it's the El Salamis. I know what's what's going on over there. Let me look in our licensed media here for something I can take a victory lap to. Maybe this. As long as it's licensed.

So they made a recent change to the presidential limits in El Salvador for presidents. They used to limit how many times you could run and that limit is now gone. So this constitutional reform was pushed overnight over the past week to allow for this change looks like they were trying to rush it through if they're doing it overnight and this could potentially enable bouquetly to stay into power long term and this guy is the self-described quote unquote world's coolest dictator it's funny that he's saying that maybe this is something that could potentially become a reality that's more tongue-in-cheek i don't know another thing that they changed well two more things number one the term limits uh or the term in terms of how many years it's

used to be five years now it's six years so they increased it by one all right that's fine the second one they said they eliminated the second round of elections where the two top vote getters from the first round would do a face off so that's no longer the case so it's now just one and done from what i could read over there and i have never been to el salvador meaning i don't think i'll ever go to El Salvador. And from what I gather, though, things are safer now, significantly safer now than they were way back when. But even with that, this change here, potentially this could be a step in the wrong correction. I'm guaranteeing it will because we don't know what's going to happen in the future. But for a moment, we just have to pay some respect to those people

that paid in Bitcoin not too long ago to either get property and or residency in El Salvador. I think a lot of people were sold a particular future and it looks like it's never going to pan out now you have this change that's happening with the president in terms of how many terms he could run there's potential for abuse i'm not saying that it's going to happen i know you're not well because i can't guarantee that it's going to happen but looking at this it's you know a step into wrong direction once a say one way you're looking at it but another way is if somebody's good i'm not saying he's good or bad. If somebody's good, why limit them to two terms? Why don't

unlimited terms? Obviously, a step in the wrong direction. Obviously. We continue, on this program, we continue to not be fooled by the veneer of Buckele's PR history. I will say that we've had

El Salvador friendly people on the show. Jaime, obviously, a big El Salvador guy, Salvadoran himself, and we've had others as well over the years, who are not quite adjacent to that government, but certainly share the view that many Bitcoiners do or did or still might, that that's the place to go if you're a Bitcoiner. It's a Bitcoin country. There's going to be Bitcoin City and volcano bonds and all this stuff, none of which materialized,

by the way, none of them. You'll remember that Samson Mao, who now has a place on MSTR earnings calls. Hmm, something there probably. Samson Mal and Adam back pumping the volcano bonds Wait wait wait wait to go back Samson Malo is on the earnings We can get into that if you want I'm curious

I got problems with that too We'll go to it after what's That's an ad hoc Bitcoin story But I You know I don't think this is a good idea I think it's clear that Bukaley is overstepping his bounds

The thing I think is most telling here Is the IMF forced him out of the Bitcoin game, but doesn't care if he becomes the president forever. And if you think, okay, that this is not a bad sign. I mean, you can cope as much as you want. I know a lot of you guys have real estate there and houses there and you uprooted your life here in Canada and blah, blah, blah. I get it.

I feel for you. Okay, I'm pouring one out for you at this point because you got, you got got. And I think a lot of us told you this was a bad idea four years ago. You didn't listen. it was it's better than Canada it's a country on the come up it's this is that you know in in time len maybe I'll speak for myself here maybe I will be proven wrong but I think for now there's no doubt that I fucking nailed this and I think you nailed it too maybe not as explicitly but I think we both had our doubts about this I have been neutral on this I haven't been very negative well let's just go let's just go through a quick checklist here right like Volcano Bonds was a big story. How'd that go? Flop.

I'll tell you. I'll tell you. Flop. How did Bitcoin City go? Big rendering, wood model that he made. How'd that go? Flop. Bitcoin Beach, Alzante.

Oh, it's going to be the first ever Bitcoin place. People are going to love Bitcoin. How'd that go? Flop. Chivo wallet. Oh, everyone's going to get Bitcoin air dropped to them. They'll see the benefits of Bitcoin as a pure to pure currency. How'd that go?

Fop. Fop. Fop. Fop. Fop. this guy is a clown that country is a joke and now not only do you have real estate there but you're captured by the iMF that's a g g t t yl moment for these people you got got and you may not want to admit in yeah you may not want to admit it you may not want to talk about it you

may tell me i'm wrong but just look at the scorecard man look at the scoreboard okay yeah for the people that bought in absolutely it's the people that live there and i have no skin in game nor do I have any relatives I am F no Bitcoin allowed but you are allowed to be the president forever and basically lock up anybody you say is dangerous okay in terms okay sure I'll give the benefit of the doubt here in terms of the improvement of the overall safety of the country it's been trending in the right direction sure as I say I agree with that I have no skin in this game so I can't say what's going on I don't have people relatives telling me with boots in the ground what's going on everything i'm getting is kind of second third hand where to fuck it is from some other

sources and in those cases it sounds like life is getting better i'm not saying it's going to continually get better but things have improved to where we are now to where we were say five 10 50 years this is the dog training dog training thesis i went over this they had nowhere to go but up they'd know where to go but up and it could have still gone down i would point to venezuela for To like Haiti. Like there's only so many countries below El Salvador, you know? Right. But they could have gone to the Venezuela route.

Sure. Right. Venezuela is an example of having an amount of like just they're soaking in oil. And that's just, you know, hyperbole. But they have a lot of reserve. And they just used it poorly. Plus it was poor management. They kicked up people of skill.

They put in their cronies in power. And as a result, they weren't able to. extracted resources they weren't able to refine those resources and they would the money was directed to areas just to pump up the government and then gasoline was cheap because it was subsidized people were happy because that but it was unsustainable so education became free but again that was unsustainable i i talked to somebody that that's from venezuel and she hates she hates fucking um what's his name muddura maduro yeah nicholas paduro so like it could have gotten that direction. So like, I'm not saying that they had anywhere else to go. They could have still gone

down. There's still ways for the, it just, things have improved. I think we could basically close the door on this. Like, this door is closed. It's been, for me, it's been closed for a year and a half. No. As soon as Jaime, as soon as Jaime told us, this guy had a history in PR. And then I started to put together like, okay, Mallors is the guy who made this huge deal about all this and then this guy comes over and like the whole thing is just like Pablo's saying it's a larp it's a larp

the whole thing's a larp he needed he needed some some international support he got it and this whole PR spin the guy that's in charge down south is the exact same thing 100% he's a PR man 100% so you know he's a

I don't want to get into I don't want to say something that I'll get into trouble but clearly the guy is not what we thought he would be. And more so now than before. Yeah. I don't know what has happened. But again, like, we'll talk

about Trump probably sometime during the show. For sure. We'll talk about it into the show. It's a story that's, let's keep going. El Salvador, R-I-P. God bless you. Good, good job. T-Y-L, G-G. Okay. It's another interesting story that took place this past week was one that was floating on Reddit and X

and probably other places as well. A guy by the name of Jimmy Ramirez went by the name of Bitcoin for Jimmy on Twitter. And he posted an interesting story. You heard about this one, right, Joey? Of course. We talked about it. I think every group chat I'm in had something about this. All right.

Well, before we get into this story, we need some background on his dude. This guy, according to his post, claims to have been in Bitcoin since 2017. So he has a few years under his belt of being in Bitcoin. And with Bitcoin price rising and falling, the scams. rug pulls everything that come along with the adjacent space and jimmy's problem is that he had some bitcoin and uh well he looks like he had at one time quite a bit of bitcoin but he lost it all and looks like now he has as much bitcoin as brains because he was a victim once of celsius in 22 he claims in a post to have lost 85% of his quote unquote coins and he lost five

Bitcoin in that and he also lost a bunch of trash like Cardano, Pocodot, Ethan Moore. He was chasing yields at a time when chasing yields was very popular. Okay, that was cool. He got wrecked and gone were five Bitcoin and a bunch of shit coins. Okay, fast forward to today. This guy, imagine, you know, being in Bitcoin, if he was in 2017, he's got eight years of experience, right? He's a Bitcoin veteran.

He's been hardened by getting smoked through Celsius, the whole fiasco. saw other people lose their shirts with exchanges trusting them right they all these numerous projects risk free and all this shit but jimmy jimmy right the fucking jimmy he downloads this application for his phone i think it was on the app store i don't exactly sure if it was google or apple i think it was the app store but doesn't really matter in this case but he it was a sparrow wallet sparrot wallet fucking sparrow wallet for your fucking anybody who's been around bick Bitcoin long enough understands that Sparrow is desktop only. It's only available for Windows, only available for macOS, it's only available for Linux.

There's no desktop, sorry, there's no application for your phone. And so this guy, he downloaded it and he downloaded it like a fucking boss and he put his fucking keys in there and poof, gone 7.4 Bitcoin lost. Jimmy, Jimmy, Jimmy, I feel bad for you, but every Scheng got in this system understands that there's no fucking Sparrow for people who have to look that out. There is none, right? Every Shunga.

Every Shunga. So it gets Windows. Like, you know, so you can, when you download Sparrow, on the website, it even talks about verification. You should do this verification. A website, the telegram group, on Twitter, no matter where you look. There's enough information. Right? Like, and if people

say it's too hard, don't fucking Jimmy me, okay? Just don't fucking Jimmy me. This thing is fucking easy to do. You could do it. I could do it. The instructions are just fucking copy, right? Stuff like this, I love these things because these are a lesson for everybody. And it's a free lesson for you. For Jimmy was very expensive. But fuck him. For us, it's a wonderful lesson. This is an opportunity you have to learn how to use Sparrow properly, how to install it, how to use it, how to verify the thing, not just that, but other pieces of software. With Bitcoin, you can't fucking undo

something. You can't go to your bank and say, please, I fucked up. Please make me whole. It's done it's gone it's finished this guy's wrecked good luck people out there do not be a fucking jimmy be a fucking bitcoiner learn how to fucking do stuff that's all i gotta say yeah i think you're 100% right my man um you know i was thinking about uh the verification thing on sparrow not long ago and i'll be honest i don't spend as much time verifying my my installer as i should at least not the way they tell me to you can drag and drop it into sparrow as a verification There's a few other ways to do it too that I didn't think about until, you know, kind of thinking about this Jimmy thing. Like there's so many different places where you see and hear about Sparrow.

And what do you always see and hear about Sparrow when you go to like their Twitter feed, their telegram group, the Bitcoin Discord, our Discord. Like anywhere where there are Bitcoiners gathered and someone brings up Sparrow, the same comment always rises to the top and it's almost immediate every time. only download Sparrow from the Sparrow website. Make sure you verify the link. To me, you know, it's something as simple as going to the telegram chat, going to the Twitter page, and going to Sparrowwallat.com, and looking and seeing, okay, these links are all going to the same place. They're verified in all three different places, all three different, all three different spots, all three different networks, whatever you want to call those three landing zones. and this is the correct application. The worst part about this, though, for me,

is that in his plea to the Bitcoin community to try and get some donations, he's trying to blame Apple. He's going to sue Apple for letting a scam app into the app store. Bro, this is not an Apple problem. This is a you problem. In front of the show, Jordab, I think, said it best.

I think when I tweeted this out, just like, oh, my God. He said, look, this guy's never been a Bitcoiner. He's been in Bitcoin for 10 years. He's never been a Bitcoiner. And I think that's 100% right. You can't, you cannot have, you cannot have like a sort of, you can't have no intuition, right? About, I know, I see that comment too. Fuck you.

You can't have that, you can't have that sort of lack of intuition if you're going to be in Bitcoin. Because what does Pierre Rochard and Bittstein, all these guys who have. been around and around and around and around what do they always say everybody is a scammer everyone wants your bitcoin every app every service every lending platform you name it they all want your bitcoin and they're going to do whatever they can to get it and uh you know i think it doesn't take much now to avoid the mistake he just made but you know here we are he's he's managed to lose seven this time five before that is generational wealth truly that is that is generational wealth and is gone now here's the question do you believe them i said that

it's either one of two things he's either in the biggest idiot or the biggest scammer yeah he's posted that address where you could donate your bitcoin and incredibly so 1.7 he's got a lot bad oh 1.7 million bitcoin uh sorry 1.7 million sats have been donated like Who the fuck is donating to this guy? Look at the guys who donated to Peter Schiff, you know, is the same people. I have no idea. But some people have enough Bitcoin. They're willing to part with it for an unconfirmed story from a guy who, by the way, has no, like, no history in any posts that I've ever seen.

Like, I'd not come across the guy before. There are people I don't follow on Bitcoin Twitter that I see often in replies or in groups or whatever. but I've never seen this guy before never and like at this point I don't know yeah probably not no if he's the biggest scammer I got to give him credit because he's playing the long game his posts when he got quote unquote wrecked from Celsius back in 2022 are still there so it's not like he created these posts yesterday no I know that I know that so he's he's either a wonderful scammer and he like I said he's playing the wrong the long game or he's just an absolute fucking idiot and he has no idea what

to do with his Bitcoin and clearly some combination of the two maybe I don't know Mark is in the chat saying that he actually knows somebody on Apple's security team and sent him the link to that app so that app is gone yeah it's not going to last much longer after this

yeah but like I still don't I still don't blame Apple for this you know it's funny too friend to show Praveen obviously who does cove wallet I think had to jump through some hoops to get his app on the app store right because of the money transmission element. I'm surprised that the one thing I'm surprised about is

if they were able to get a scam app through, what were the hurdles that they had to overcome? Obviously nothing about actually transmitting the money or safety around, you know, money holding or whatever the term is. I don't know. But it does raise an interesting question there. I still don't think it's Apple's fault, though. Yeah, why would it be Apple's fault?

They could provide whatever to fuck they want. Everyone's looking for someone to. blame, right? This guy's no different. And he's looking for a few sats back, too, which is, uh, I don't know why anybody would want to donate to him. Unless you just truly have to. He's just going to be just going to give it to the next scam that comes across his timeline. You know, I could, I'm willing to bet this guy's going to try it 100x or some sort of like incredible leverage. You know, lever up?

If you lost 12 Bitcoin in the last three years. Yeah. And you lost seven. at a time where it's 115k what the fuck it is. That, you know, it's a distinct if that's true. If you are playing Yeah, it's got to hurt. The other thing too, Len,

even if you thought it was legit wallet, why, like, what, why are you entering anything? I know. It doesn't make sense. Like you have all this Bitcoin, you held it for so long and then an app,

you download an app and give the thing your seed phrase. like it doesn't it doesn't make sense you wouldn't be moving that bitcoin around why do you you know i was probably put on the next celsius type thing that gets more i think it's more of this story we need zach xbt to dig into this guy and see if if there's more of this because i really think there probably is well like i said this is an excellent learning opportunity for people out there and i hope everybody understands how to do it and check the spare website you could even if you want to go to the nth degree you could even compile

your sparrow code and so it's not been provided for you do yourself yeah it's more challenging but you know if you want to really do that that's fine considering what's at stake here at your wealth you may want to consider doing that as well another thing is the this is my humble opinion i could be wrong the best way to have sparrow installed is on a dedicated sparrow computer they have a shitty laptop that is never connected to it doesn't have to be shitty by the way it can just be okay laptop. It could be whatever, but get something that you just, you don't give a shit about a few hundred bucks, buy it, and then install an operating system that you like, whatever maybe, never

have it hooked up to the internet until it's time to sign a transaction. So then you hook it up to internet, you do all the updates because in between it connected to internet, there's going to be some updates, reboot, restart, all that shit, then do your transaction. And that way, it's never connected unless you have to do the transaction, your keys, you You have generated them offline. You're always intracting everything your gap. This is the best way to do it.

That's my opinion. Do whatever you guys want. But when you're talking about your wealth, when it cannot be undone, you don't want to fuck around. You want to make sure everything is unproperly. And if you don't do it, you'll be another Jimmy.

We'll be fucking laughing at you in the process. Don't Jimmy. Don't Jimmy yourself. Mark, if only there was a way for brands and domains to assert their IP across multiple channels. I don't know, Mark, if you know a way. Go to easy DNA. Mark can always help you with that.

Yeah, Jimmy, RIP. What's next? What else we got? The statue of Satoshi. Is this a real story? Why do we care about this? I see this. I see all caps in the corn lord's chat and he's online talking about someone stole the statue.

Oh, I don't care about the statue. Tell me why I should care about this. It's vandalism. At the very least, that's what it is. This isn't the Canadian vandalism podcast. Who gives a shit about the statue? It's a statue of supposed to be rendering a of Satoshi and somebody so at the very least it could be vandalism what could be just a simple

no-coiner now for people that are unaware we're talking about in Lugano switzerland there was a statue that was set up for Satoshi the statue is just a mock-up I guess it doesn't really look like an actual individual but nonetheless this past weekend on Saturday was noted it was stolen it was found shortly thereafter apparently nearby a lake at the shores of a lake and there was some damage to that so and whatever may be whoever took it it's now found i look looks like they're going to put it back together and uh but some local yahus were either responsible for this or they mentioned maybe some no corners i have no idea why to fuck would anybody want to do this like these pricks are just out there for a good time like there's ruining shit it is it's a simple of what's

going on with with Canada with other countries as well it's people just so like at the very least you could take away that from this story. And instead, to utter bullshit why somebody would go out there and destroy property, just for the sake of shits and giggles. Unfortunately, in this case, Satoshi the statue was the one that took it.

If that Satoshi Statue was erected in the Dundas driving park, it would never fall victim to any vandalism. No vandals around here. That's all I have to say. I don't care about this story. I got, I got

willing it'll be put back up but you know whatever if not false idle it's it's a golden calf maybe to somebody you know well some people enjoy it and Lugano has a thriving Bitcoin

society popular whatever fuck yeah there's a lot of people have a conference they have a conference so yeah so take that for like it's it's a good Bitcoin area sure it makes sense why it would be there but I don't know either way was Roger Verre was he in the area

can he I don't know. Is he allowed out of the country? Yeah, I thought he was stuck. He's on her investigation or whatever. It's a worn out for his arrest. For what? Statute.

No, I thought I thought it was for tax evasion. Of course it was. I know. It certainly was. It wasn't a Jebediah Springfield when they cut out the head. I was fucking bad, by the way. Bitcoin Independence Day came and went August 1st this past week. And Bitcoiners celebrated the eighth year of the Independence Day

or the UASF day, whatever works for you. You're right either way because they're both correct. And what this was, uncooperative miners back in 2017, we're forced to realize that they don't run the network, the Bitcoin network. And this is where users, node runners, resisted the miners will. And the significant of this can, we can't really understate this because it shows that node runners out there, they are the ones that ultimately control the network. they have a great deal of power more so than even these big powerful bitcoin miners that are colluding behind closed doors and trying to impose their will on us and the outcome from this it was going to be originally they were trying to push for segwit 2x that was their idea that was the idea behind a big block didn't come out we got now segwit as a result and well decentralization won that day which was wonderful so august first hope you celebrated user activation shop or softbook day or independence day

What did you do for, to celebrate? Like, Bitcoin Pizza Day, you get a pizza. I didn't do pizza this year. Chan 3, maybe, you know, take your Bitcoin off exchanges. What did you do for August 1st? I bought Bitcoin that day. I bought fucking Bitcoin that day. Did you?

Yeah. Yes. So there was a little bit of a dip, right? Some money landed on my lap. I was very happy for that. And so I bought the dip. I was very happy. I went out for beers with a couple of guys who listened to the show on Friday to celebrate.

But we'll talk more about that in the beginning of the Notables section there. I want to talk about my two-tier health care system experience from last week. Samurai? Talk about these guys, I guess. This is a lot. Samurai is interesting because this seem to have been going, you know, I don't, for lack of a sort of better way to frame this, it seemed to be going our way for a while. And now it's completely flipped.

They're going to plead guilty to. to a precedent setting I think a precedent setting set of restrictions here set of circumstances Yeah, they're completely guilty to conspiracy to operate and unlicensed money But really, but really

I mean we with tornado cash it's interesting because there was a sort of a fee structure so they took a fee I guess but the big thing like here is you can't control what people do with the software that you create yes yes so you can't be held accountable for the code that you write you know what it is it's

really weird it's like a gunmaker manufacturing a gun that's the obvious one yeah and a gun is used in a crime to kill somebody is the gun manufacturer responsible for the death of that individual john in the chat saying it's not precedent setting because the judge isn't issuing a verdict i i I'm not a jurisprudence in joy. They're going to be sentenced in November because they pled guilty. And they face a maximum of five years in prison and a $250,000 fine each. This could be pretty significant for them. In a world, yeah, in a world where stable coins are pretty clearly being pushed by governments everywhere

and where the clamp down on internet freedom is here and it is moving fast, I think they'll make an example out of these two guys. I think they'll go for the full five plus the quarter million, I think. They've already time served since. They already did it one year, right? I don't know. I'm not sure what the ramifications of that time it's already passed are. But the overarching theme here is one that we talked about a bunch on this show on Access

Vizi, you know, on. during interviews with people who are not even into Bitcoin, honestly, one of censorship and control from the state. And, you know, the Leviathan was, was for sure bleeding in its corner after round six or round seven. And they have come out swinging here in a major way. And, you know, if you look at what's going on in the UK and what's going on in the states,

the stable coin legislation, Genius Act, all that stuff, it's pretty clear to me that, there's an effort here to identify things that are dangerous to the regime and squash them in their crib basically and as a fly circling me here you know squash them in their crib and why not

you know the way that people are able to share communications now and rally the troops now and accumulate capital now thanks to Bitcoin and crypto you know I don't blame the state for thinking that this is a good idea it won't work I don't think, but it will get ugly, I do believe. And so, you know, this is another example of what you'd expect to see.

The samurai guys, you know, Len, this was, what, this is four years old at this point, three years old, something like that? I don't think it's that old. I think it's, I think it's three years old. I'm pretty sure it's three years old. So they've been sitting around thinking about this for three years. It's gone through two administrations, one. outright, you know,

anti-privacy, anti-crypto, anti-Bitcoin, and one who at least on the surface is pro-Bitcoin, pro-privacy, pro-freedom, all these things. And the result seems to be largely the same. You know, the monoparty, is moving against these guys in a way that I think people should be paying attention to because it does-

April 2024, that's when they've got to, we're arrested. But when did this whole thing, there was talk about tornado cash in, 23. So maybe it's two years old, not three years old. Tornado cash, yeah. Yeah. Yeah. So this has been, it's been going for a while, right? And is it political? Yeah, I don't think, I don't think it's political. I think it's just, I'm with the way the state is moving against things that allow for privacy. And I realize I'm kind of, you know, mixing tornado cash and samurai and all these things. But I think from a pragmatic point of view, if you look at this through the eyes of your enemy in this case, they view these things as as to, um,

you know, two strands of the same muscle and you're getting, you're getting the result that I think you're going to get for a lot of privacy focused stuff, including Bitcoin, by the way, at some point. I think there's going to be a move. I think we've talked about this before that, you know, whether it's this year, next year, a decade from now, private holding of Bitcoin will be, you will be incentivized the way from it, to say the least. The money transmission thing is huge. Because even here in Canada, was it Nodeless? Like it's Nodis. Like Sparrow, does Sparrow need a money transmission license now? So that's peer to peer.

Yeah, but it doesn't matter. Like, these are things that you have to start asking. Remember we talked about, remember how we talked about, sorry to cut you off. Remember how we talked about years ago when we were still in, I was in a different basement at that time. We talked about how one of the things that the government does is try and establish precedence, president and set jurisprudence standards on smaller companies. And then they start pecking up the tree. So they pick a small, um, a. small entity like Samurai, like Tornado Cash, whatever, like Sparrow, blah, blah, blah.

And they say, look, these guys don't have the guns to fight this. We need to set up a new law where any app that transmits Bitcoin, that signs transactions, whatever, anything that does that has to fall under these rules. And they have to be either disallowed or come under the umbrella of the state. There's a huge difference between an application or program that signs versus one that you give them your Bitcoin. they have the keys and do whatever and they send it back to you. When you're talking about something like Sparrow.

I don't think you're technically wrong. I think you're going to be. I'm 100%. Because when you're talking about Sparrow, I know. Sparrow doesn't even have to exist as a, I don't know if it's a company. I think all these wallet apps,

all these wallet apps are going to start coming under scrutiny the longer this goes on, is what I'm saying. As long as they are simply a program that an end user can compile and run, And it does not interact I'm not disagreeing. Not disagreeing. It's going to be hard.

It's not intract at all with a server. It's essentially just me, my node, and that's it. It's going to be hard. There's nothing. So there is nobody that there's no third party I'm dealing with. I'm dealing everything in the house.

Yeah. Now the one that from what I gather is probably will not be subjected to any sort of issues in the future is joint market. When you're doing those joint markets. That is a That is a A mixing service

That you have total control Over shit like this So stuff like samurai And others They could potentially be Money laundering I even think joy market's gonna get Looked at

But you are your own It doesn't I don't think it I don't think the laws They come up with They're not gonna make Distinctions They're not gonna

You know what it is Joey that this is becoming very antiquated not just the laws but the ways that they try to fight it this is this is sovereign this is the entire

in my opinion this is the entire like this is what you should take from sovereign individual that even if the government gets it wrong they will make your life impossibly difficult before they realize they got it wrong and they won't realize

they'll be made can they ban Bitcoin can they stop Bitcoin at this point it's going to be really it's going to be really It's going to be really hard. It's going to be really hard. And that's exactly that. The reason why is because it's decentralized.

It's going to be really hard, but it's not going to be impossible. I am paying very close attention to how this thing in the UK goes, where instead of trying to get you on like ISP, the ISP side, they get you on the website side. So they get websites in line. So for example, okay, if you wanted to get the code for Sparrow from GitHub, right, like suddenly GitHub is asking you for your ID before you download. Like, that's a, that's a problem. And when you have a bunch of different websites and, you know, we'll call them honeypots, for lack of a better term, again, when you have all these things running and being used

and hoarding all the most important information, like, it's like GitHub, Reddit, Discord, YouTube. Like, it's maybe what? Like, on the top end, is it 500 websites that have 95% of the usable, internet on them. Like any government, any government could get 500 websites to comply. And so I want to see what happens in the UK with this, with this age verification thing. If they start getting people to age verify and it works, it's something you got to pay attention to you.

That's wonderful. The beautiful thing is there are networks that are bailed out, like something like Noster, for instance, the Bitcoin network is built. There's stuff out there. They can put whatever roadblocks they want. They can put whatever legislative. regulation, regulate, whatever, the fuck, the thing is, it's, it's done. I don't think, I do not think it's that easy.

I know you do, but once they start going for, once they start going for DNS, ask Mark. We'll see what Mark says if you're still in the chat. Once they start going for DNS companies, then what, what is the plan to get Noster? Like, you can't get Noster on your, you can't access the URL. The one I would look at as the shining light here, the beacon on the hill, why, like this will never come to be is you look at torrents i'm sure this has been the the scorn of software companies for decades and to this day they have not been able to stop this because it's peer to peer and you can't you know you could do whatever you can but in the end they didn't

users will find a way around it yeah they didn't stop it but like look how look how down look how like it's it's just like a shell of what it was in like 2005 six seven now it's a shell is it i haven't used it in a very long time it is a shell of itself it is a shell of itself yeah but it still operates yeah still there i can still i can still send shit peer to peer it hasn't stopped and i'm not sure what's the rationale like why it's a shell of itself maybe i'm an example i used to use windows and i used to

like you know at the time uh allegedly pirate games yeah uh no longer, right? Maybe I'm the, you know, maybe other people are kind of like me. I just don't do that anymore. I want to get someone on to talk about what's going on in the UK. Maybe Freddie New, who I haven't seen post any workout videos in a while. I should get on him and see if we can talk about that because I think he's he's a guy who would know and he's a UK guy and a lawyer. And Preston Byrne, obviously, it'd be another good one. I think he's suing offcom. His firm is suing offcom.

He's obviously been on the show before, a friend of the program. So I want to get the word out about this, because I think Canada is in line for something very similar. We talked about this on Access v.C a bunch on this show, too. The beautiful thing, for a period of time, it was very easy to get K.YC. Bitcoin, very easy. And that door shut with bull Bitcoin made last year. Yeah.

So I hope people were able to. to accumulate a great deal during that period of time. And still to this time, you could still buy Bitcoin thousands of dollars without any problems whatsoever. I, you know, everybody I talk to, you could put four figures and, you know, that's not bad. You can do this repeatedly. So the opportunity to stack is still there. Do it.

Right? Before that disappears, do it. Because once it closes, once it becomes harder to do that, you're left with alternatives like a bisque or a robosats or the shit like that and so you'll still be able to do it but it won't be as simple it is now it's easy it is now so i just you know it's another jimmy thing learn from this shit learn what's going on around learn jimmy and fucking don't be a jimmy and don't be a no coin or stack sats and you um do you want to write one more story no i say because we have so much fucking notable rest of the news notable stuff i have a lot to talk about

okay let's get out of here then uh thanks for tuning in one to peer to peer but that's in europe only there's yeah there's some good comments in the chat about how to fix this and attack it so um go check that out if you haven't looked on youtube we'll be back tomorrow if you're on audio if you're on video stay here we're not going anywhere until next time take care yourselves don't be a cock