The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - What Is Michael Saylor Doing with MSTR and STRC | Canadian Bitcoiners Podcast

Episode Date: June 9, 2026

Robinhood walked into Canada the same week Bitget walked out — and that's not even the strangest thing that happened to Canadian Bitcoiners this week. This week on the Canadian Bitcoiners Podcast we break down the Canada crypto exchange shake-up, an undetectable counterfeit bug in a major privacy coin, a hardware-wallet chip vulnerability, Ottawa's plan to take equity stakes in Canadian companies, the "technical recession" the Bank of Canada says to ignore, and a lot more.In this episode:- Robinhood closes its WonderFi acquisition and officially enters Canada- Bitget bans Canadian users — who's next?- Binance shuts down its centralized NFT marketplace (July 3)- The Zcash "Orchard" bug that could mint unlimited, undetectable counterfeit ZEC- The Trezor TROPIC01 secure-element chip disclosure- Bitmine Immersion's 3M-share Series A preferred at a 9.5% dividend- Canada's plan to take equity stakes in AI "national champions"- Canada's technical recession and the Bank of Canada's response- Notable North: the immigration poll, Durham's "Project Jetsetter" bust, and the "air conditioning may kill you" debate🔗 LINKSWebsite: CanadianBitcoiners.comX / Twitter: @CanadianBTCPodSPONSORS🟧 BUY BITCOIN — BULL BITCOIN Canada's longest-running Bitcoin-only exchange. Non-custodial, no KYC surveillance creep, and built by Bitcoiners for Bitcoiners. Lock in 25% off fees for life: 👉 https://mission.bullbitcoin.com/cbp 🌐 EASYDNS — OWN YOUR DOMAIN, OWN YOUR DATA DNS, domain registration, web & email from a company that actually fights for your digital sovereignty. Use code CBPMEDIA for 50% off your first purchase. YOU CAN ALSO GET A MONTH OF EASYCLAW ABSOLUTELY FREE! 👉 https://easydns.com 🔥 256 HEAT — MINE BITCOIN, HEAT YOUR HOME Turn ASIC miners into programmable, app-controlled heaters and recapture every watt as warmth. Get paid in sats to heat your space: 👉 https://256heat.com 🎓 BTC MENTOR — LEARN SELF-CUSTODY THE RIGHT WAY One-on-one coaching to take your Bitcoin off exchanges and into your own custody with confidence: 👉 https://btcmentor.io/aff/joeyCanadian Bitcoiners Podcast — Bitcoin, macro, and Canadian sovereignty, every week. Not financial advice.#Bitcoin #Canada #CryptoNews #CanadianBitcoiners #BTC

Friends and enemies, welcome back to the Canadian Bitcoiners podcast. Tonight's strategy buys back in. They buy back in at a pretty significant jump to what they sold last week. Robin Hood enters the Canadian market, which leads to a CEO resignation and some questions around what investing in Canada is going to look like in the Nathustan future. And of course, Mark Carney and the liberal government looking to take stake in AI companies, all that and more. tonight. But first the intro. And so, you know, the government can say whatever they want about this thing not competing. It's for black market only. It's for this for that. But they're really treating it like a threat. And one of the things that can't be attacked is your self-custody Bitcoin. And one of the things that can be attacked is the ETF. Can't be exposed to that. That's my view. It's not a good idea. And by the way, that'll hit MSTR too. It'll probably get other stuff as well. Friends and enemies. Welcome back. Canadian Bitcoiners podcast. Friends and enemies, welcome to the CBP. Want to be better and form. Listen to 11. Joe.

We spots is taking care off right off the top. Oh, Bitcoin and easy DMS, the media is feeding the slop. Well, the government trying to take a stake in CVP, and would you sell it to them at a $5 million valuation? Yes or no? 10%. Is it a $5 million? What is the currency you always have in front of you there? What does that currency you always have?

The Delaware dollar? The dollar. I'm just a simple guy from Latin America named Hector. Why would they want to take stake of my business? True. And you were a Gunther from Germany's. So why would they want to do this? I don't get it.

Leave Hector and Guter alone. We're going to talk about the kind of businesses they want to buy. And we're going to talk about a lot of other stuff tonight. First, we got to talk about the sponsors. Easy DNS. Easy DNS. Best place for you to host your content, port your content, buy, website, portal website, whatever.

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But anyway, go there. I have a Claudebot. He spun one up for me. I have to try it out. Have you tried it out? Did you ask for one? No, I didn't ask for it. So I didn't get one.

I mean, you can name it whatever you want. You could name yours like, I don't know. Claude Lemieux, maybe. Is that tough, tough. Too soon? Too soon. Who's the other sponsor? Bull Bitcoin, which is also a Kibakab based.

Well, no. They're out in Alberta, but they do have a lot of Quebecois over there that are working for them. And if you do like to buy Bitcoin that is non-custodial, both Bitcoin is the one for you. And you don't want to have an exchange hold on to your Bitcoin because we've talked about the number of different reasons why you're going to get rugged, if that's the case. And bold Bitcoin does not give you the opportunity to get rugged. So in order to do a buy, you've got to provide a Bitcoin address. You can do limit orders. You do so many different things over there with your Bitcoin.

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coming from them in the Nazi descent future which everyone will be hyped on so Boos housekeeping you want to talk about

Nick Spurs game three tonight I don't know where do you want to go here are you going to jump on the court and take a picture with that guy

from the Donald I just saw a video I was taking my half-time poop there in between BitCast and this. And I saw a video. They've rerouted basically the entire entrance queue around the stadium to make room for our guy

from the White House there. So looking forward to seeing how he's received at the game tonight. I'm not sure. There's that guy that took a selfie with somebody on the court the other day. I don't know. But Trump is attending the game tonight and sitting court side apparently. This happened all the time. Bush, well, when he was governor.

was he governor anyway he's he's governor at the time when he owned a rangers but he used to go to rangers games all the time so you know this should happen anyways let's do the boost business cat no he's number two on the list number one on the list is more BTC dick 500 sats

he says finally the real beer market arrives don't hold your breath who knows what's going to happen 58K is going to be just around a corner if things go away people plan it to be business cat 1337 sets he says or writes if some legacy law says i legally own sotchi coins can i legally use them as collateral for a fiat loan would said business just

accept your word or would they ask you to deposit it into an account like coinbase i think it's more the latter and so um if you don't have the access to the keys what does it matter it's just it's nothing possession is nine-tenths the law and to keys holding the keys that's it man one tenth the remaining one tenth is which disadvantage the group you're a part of I'm not gonna go there I do want to go there I really don't want to go there I really fucking bond 21 21 sats writes in the clown emoji in the Canada flag and he says these two mojis may just have to be my default boost for part two each week I laugh but

But I'm shaking my head at the same time. This fucking place. Seriously, what are we even doing? Like, specifically, I don't know what you're talking about, but collectively I do know what you're talking about. Too many stores. This goes on. This one's going to be a challenge.

Business cat 2-2-2-sats. He writes, it's and this fucking word, fucking God, I can't even, super-cali-fragil. Super-califragilistic Xvialidosis. Thank you. What the fuck is this thing?

You're probably a little too old for that word. I should sound like. It's closer when Luke and I were young. It's like part of a bus riding song. I think it was like a camp song, Luke. I don't know. You'll have to remind me. It reminded me of like some Welsh city name or town.

Or it was also in animaniacs. If you remember that show. I heard of it. I never watched it. It was also an maniacs. He says even though the sound of it is something quite atrocious. If you say it loud enough, you'll always sound. precocious.

Yeah. The word. And um, diddle, uh, all right. Uh, Jair,

3,000 sats. I appreciate you both more than you know. You're doing important work. Our guy, Jare. Fist pump. Yeah. Shout to Jare.

Show to Jare. Yeah. Buddy, thanks for the Sats. And everybody thanks for the donation of Sats. That's it. I got, I got nothing to say.

Watch Bitcast if you haven't. We're having a great time over there. Watch this show if you're not. I mean, you're here. watching already. So it's bear market, man. We're in the bear market vibes here. I have friends. If you want to know what the bear market looks like, friends of mine are starting to acquire video games with which they hope to join me online. Our friend, friend of the channel,

Wayfaring, recently just bought a gaming laptop. And he's getting ready to hop on the sticks there. I see in the chat, we're getting pasted for not knowing it was Mary Poppins. I have not watched anything related to Mary Poppins, but my wife would know that. I should have asked her so thanks, thanks Kathy and Nate for that. I mean, that's, that's, even, that's too old for me. I don't know. I vaguely remember Mary Poppins. Yeah.

And to, and to Officer Saddacker, yeah, rock paper Bitcoin business cat. What other business cat is there? Your very best friend on the internet. You know the way it goes. Did they fork him? It could be an imposter. It's Satoshi's vision, vision business cat. Okay.

let's go right into it and talk about micro strategy what a brilliant move on their part to sell just a couple of bitcoin and buy a bunch more so they sold 32 what was the proceeds they got was less than 10 million was a total amount they accumulated from that and then a week later they go out and buy 1500 bitcoin and sorry it was 2.5 million they made from that 32 bitcoin that they sold so they purchased 1,550 bitcoin just this past week at an average price of 65,000 and dollars. So I'm not saying that these guys selling the 32 Bitcoin was the trigger point or helping to bring down the price of Bitcoin, but what a fucking Chad moved this was. But the question is, what the fuck is going on? Why is sell? Why the week before they sold the 32,

they bought a bunch. So if you look at it in a three expand, they bought a bunch, sold fuck all, and then bought a bunch. And that selling fuck all created a huge question mark, like what's going happen moving forward. STRC, the price of that started to go downwards and people were wondering, is this going to be another Terraluna thing? It just, a lot of this just seems so strange to me. It's all corporate thing. And it's probably just different accountings, different accounts you seem to purchase and

buying shit. But like, still in the end, like, it's still one entity buying and selling a little of it and buying a bunch more. I don't know. It's just fucked up if you ask me. Well, okay. I see Mix in the chat talking about the narrative about selling the Bitcoin. He'll never sell or when he sells, it's going to be negative for the market.

I don't know how I feel about this. I just finished talking about this with the guys on Ben's channel, but I want to go a little deeper here. And just talk about market sentiment and MSTR narrative. It feels to me like these things are inversely correlated sometimes. But right now, that's not the case. Um, sentiment around MSTR is as negative as I've ever seen it. Sentiment around Sailor is as negative as I've ever seen it. And sentiment, obviously around Bitcoin, I think is as negative as I've ever seen it.

And the last one not even close. Uh, the collapse of FPX, blockfi, Celsius, Voyager. The list goes on and on. I think at that time it was really bad. I disagree. I think sentiment around Bitcoin itself has never been lower than this because we have a lot of people in the space now who are Bitcoiners upset with the direction Bitcoin

is heading. And in all those other cases that was not true. So I think that those people are grinding a legitimate acts in some cases. I've been pretty vocal on this show and other programs that I've been on and other appearances that I've done. I think the vibe

around Sailor is a concern for me. It's always been a concern. I've mentioned a thousand times at this point, but it bears repeating that this guy refuses to engage with any meaningful debate around the strategies he's employing. And I think the problem is that a lot of the people who, I don't want to use the word glaze because it's not fair, but a lot of the people who are, let's say, unwavering supporters of

MSTR and the Sailor Strategy is that he's too smart to engage with anyone who's negative on the execution of the Treasury company. that he's so far, you know, tried to carry out. I don't think that's a good place to be for Mike, for MSTR, or for Bitcoin. But, but I have this frustration with the people who say that he's not like, you know, he's got to like crash and burn. He's got to get like he's got, he's got to get his comeuppance. He's got to face the consequences.

He can't keep getting away with it. You know, he can't keep running up this table and running the flywheel and stuff like that. I disagree with those people. I think that, you know, we are on the same team in a lot of ways. And whether or not you love MSTR stock or stretch or whatever, I just think that to hope for this guy's downfall is detrimental to the underlying asset, period, in the story. There's no doubt about that. I know you're shaking your head.

You're wrong. You're wrong. And everyone says the same thing. I'm going to get cheap sats. The sats are going to be on sale. I'm going to get more Bitcoin from my dollar. Stop gargling the sucoiner's balls because they don't deserve. to have it. He's not. Bitcoin is going to

survive with or without fucking soup winner. It will survive. Exactly that. If you could agree with that, it doesn't matter if they're here or not. The point is, the point is that... Big Queen will always have a hard cap of 21 million. There will always be a finite amount of it. And it's really how

it's being used and how it's being portrayed. This is Puritan talk. Puritan talk. Maybe Puritan, but that's what got us to the dance and you go just like in any sport if you have a quarterback that takes you to the dance you go with that fucking quarterback

you don't go to the backup just because the starter had it one bad week. The guy that brought you there is the guy you go with. I think that the problem is that the Puritans are losing this debate

and are having a hard time framing it in a way that makes sense for what should be a pretty easy win and it's not that Sailor has to passion burn or that. We've been winning for fucking decade

And you're giving up. I think you're just giving up on like things that could be things that could be good for Bitcoin's underlying, good for adoption, good for all these things. And there's some element of like top of funnel, is MSTR top of funnel, is STRC top of funnel? All these things are things that are discussed fairly frequently. But for the time being, I don't understand why there's Bitcoin is cheering for this guy's demise.

Like why would you want the guy to crash and burn? Why would you want MSTR to fail? I don't give a shit about him and his company. The only thing that it does impact me as a bitcoiner is the price. And it's a big thing, but the price will recover with or without micro strategy in a long run. And I'm in it for the long run. I'm not here for gains for today or tomorrow or next week.

I have a long-term vision with Bitcoin, as do a lot of other people. With micro strategy being in the game or without it, it doesn't matter. It doesn't change anything. All it really does is help push a narrative that you could buy something and have somebody else take custody of it. And that's not Bitcoin. That's fucking Fiat bullshit. Why would we want to push Fiat bullshit when we are the Canadian Bitcoiners?

Not the Canadian Fiat bullshitters. We're the Canadian Bitcoiners. Let's fucking talk about Bitcoin. Bitcoin is what we need to talk about, what we need to push. I sympathize with that viewpoint, but I don't think it's, I don't think it's full picture is all. And, you know, when I see these, like, comments online from a lot of people who talk about, like, the metrics like Bitcoin per share, right? Bitcoin per share is a garbage metric. It's, you know, a bit of a scam, obviously, that he even uses this metric at all. But it doesn't seem to matter to anybody while that

number is appreciating. And as soon as it's depreciating, it's the only thing certain people talk about. And I look also at, you know, whether or not his STRC stock is at the quote unquote peg, the $100 peg or $100 whatever. And I just think like it's not a peg. He's trying to keep it there. It'll get back there at some point, whether he has to move the interest rate or buy. the stock himself or whatever, like he'll get it back to that number. The question is, is at the end of the day, no longer about mechanics. Like the mechanics of the strategy work. I think the question of the day now is whether or not this guy is the standard bearer

that you want. And I do think that we need a new standard bearer, but I don't think that it's fair to say that this guy is like, you know, a negative for Bitcoin or whatever. I just think he's, I think his time has passed, like all good things. He's kind of run his course. people are tired of the communication efforts. They're tired of the Natalie Brunel interviews. They're tired of the Brady Bunch, quarterly earnings calls.

Every one of them are just paid shills. I don't think they're all paid shills. I have some beef with that because I look at like the guys who are starting Bitcoin Treasury companies or are moving into Bitcoin treasury positions. And I think it's not fair to say that those people are like paid shills for Sailor. I think what's actually true is that they're trying to build something that's resilient and amplify their Bitcoin exposure at a career level that maybe is difficult to do in like content, for example, or difficult to do in speaking or education, for example. And so, like, I don't have a problem with these guys. I think these guys are all in in a way that not a lot of people are.

Whether I agree or disagree with, you know, buying a treasury company stock is a different story entirely than whether or not I agree with someone who's saying, you know, publicly, I'm going to risk my, well-being in my career for this asset. And I'm going to do it in every way that I can, even if it's riskier than just buying and holding it as a savings vehicle. I appreciate that. I think that's a, that's a, that's a, a little bit of valor that we can all think about when we're like criticizing guys like punter, guys like Matt Cole. And, you know, even guys like Sailor, you know, that he could just buy and hold.

But instead, he's trying to like ramp up exposure for him and for everyone else along the way. And he's got every right to do so. We could call them out on his bullshit and we can point in a lot. And there is some bullshit. There is some bullshit for sure. You know, until the, and, you know, we could point out the reasons why they don't do that, this. But until they hold on to their own Bitcoin, until they run a node, verify everything, it's just fluff. Really, that's all it is.

You know, one way to impose your will on the network that is Bitcoin is, so, you know, run a node. By doing so, then you're an active participant. especially if you're an economic node runner. By not doing so, they're passively watching everything else be done and people are making decisions on your behalf. That's not Bitcoin, man. That's Fiat. That's like trusting a central banker or a central bank to do the right decisions

to ensure that your savings will be there tomorrow next week. I don't want that. That's a trust model. I want to verify my stuff. That's what I do. That's what Bitcoiners should do. Fair enough. Not just micro-stratage.

that that's and in the end if you really want to boil it down he could do whatever the fuck he wants i like i said i don't give a rat's ass but you'll never see me ever fucking buy into his fucking company ever fucking do it doesn't make no sense for me to fucking put money into a bank to go to a stock broker exchange to then ask them to buy uh some shares of that con i got to go through all these fucking these hoops fuck that i'll just own bitcoin the end of the day if if i want to move my Bitcoin, Christmas morning, I could do it. Nothing stops me from doing it. And if I want to send it to anybody I want, nothing stops me from it.

There may be a minor that may prevent it for a period of time, but eventually an honest miner will take my transaction and add it to the next block. And that's TikTok, next block. That's Bitcoin. Bring it on. Is Bitcoin going to be, would Bitcoin be better off or worse off over the next five years if Sailor disappeared? Now you have to quantify

What is this? Like qualify what it's sorry Qualify what this is I mean I would say I would say I would also say like network participation right Because you know you kind of said it there People can't buy MSTR that you'd force you know A number of a number of new people into self-custody

With the you know what percentage of those people would Run a node run a lightning node Um Participate some other way you know in the ecosystem Whether it's like a meetup or a podcast or whatever Like, would it be better or worse than going this other direction where sailor sticks around? It doesn't, in my opinion, the ones that run a node that it mean, like for the majority of them, and I don't want to speak on a lot.

This is just an idea I have. Somebody could shoot down this as being wrong. I don't think it really matters to them. They'll hold on to their stats. We'll do with it. The people that are really impacted by this are the people that have money in an ETF or into MSTR, or an adjacent treasury company. Those are the ones that are probably going to be, you know,

and that's going to impact the price of Bitcoin. But in terms of being an active participant, like I said, being a node runner or should like that, I don't think sale are being in or out liquidated or they're not liquidated, I don't think it's going to be a measurable impact on in terms of how many Bitcoiners are doing what you're doing in terms of just holding on, verifying their own shit. Nothing changes there.

This is just for the people out there that love to deal with it. You know what I mean? The people that love fee. got like who the fuck is going to cares about this is Fiat lovers right let's be honest it's it's humanoid out there they're the ones that really love this shit

no comment I can see I can see any fucking big quote I fucking love micro strategy no I see human aids out there I love micro strategy STRC this thing is the best thing I want my 11.5% very good they could take it run away with it

but if it goes to zero I can fucking laugh at you at the same point we're going to see we're going to see I want it before we move to the next story I can see you guys are comment on Twitter. I can't type back to you in Stream Yard if you're commenting on Twitter. So go to YouTube. And while you're there, I like the video. Do that too. And join the chat. The chat is going to be lively. There's a bunch of you guys on Twitter, like 40 or so, 50 or so. Just come over to YouTube and join up and have a good time with the boys. Anyway, where do you want to go next? What do you got next?

Do you want to talk about Robin Hood? A little bit. I mean, this is an interesting story because there's obviously like competition heating up here in the investing space. Wealth simple was obviously first in the gate, and they've unlocked a lot of new options for Canadians, recently including being able to get IPO shares pre-market. So I don't know, Robin Hood entered via Wonderfye, I think, and Wonderfye CEO resigned. So this is a brand new entity, basically, for all intents and, excuse me, for all intensive purposes. Well, it feels like that to me.

So it's a little bit more. You're painting a half picture. I'll explain why. Robin Hood, they bought Wonderfive $250 million cash, all cash acquisition. So Wonder if I existed, Wonder if I gobbled up Coin Square and Bit Buy.

So if you go through this consolidation after consolidation, this is shit that's going to happen. But really what this does, it gives them an ability, Robin Hood, they got all these new users, some 300,000 users from those platforms that now have access to.

And so what they're going to be, initially offering, at least for the right now, nothing has changed, is just stuff like Bitcoin and shit coins. Because right now, wealth simple, they do offer the 2% on quote unquote crypto trades for accounts under, I don't know who the fuck would use. I have no idea. Who the hell is going to use this to buy fucking corn? But anyways, Robin Hood, they intend to offer up the traditional stock exchange, stockbroker

exchange features that they're known for in the US, but right now it doesn't give him immediate access for that. So they are just simply just a rebranded Wanderthi for the time being. And you did note that Dean Skirka, this former CEO, he was a former CEO of Bit Buy. And then after for Wondersi once they gobbled them up. This is really going into the weeds here. Remember the dude was, he was abducted from Toronto, November 24. Yeah.

So like that's, I mean, that's just a totally different story altogether. And the guy ended up somehow escaping or being released without being injured or anything. But that's essentially the whole gist of it is you have Robin Hood entering the market, but they're not going to be offering up any stock brokerage features yet. Eventually they will. They will try to compete with wealth simple. They will try to compete with Quest trade. But that isn't yet an option.

And it may take some time to get to that point. I agree and disagree. I think the big question for me, just like Bitcoin and crypto aside, what is the likelihood that if Well Simple couldn't get someone to leave one of the big four banks in terms of investment accounts, what is the likelihood that Robin Hood could get him to do it? I think it's a little higher than Well Simple. I think Well Simple was a relative unknown. And to be honest, what he still is a bit of relative unknown compared to stuff like interactive brokerage and some of these other like, I don't call them fly by night, but let's say less marketed, less widely marketed secondary trading option. I think a lot of people will jump ship for Robin Hood if they're able to get a branded app that works in Canada. Because it's just such a well-known name.

It's cleaner. It's easier. And I would be surprised if in the next 12 months we didn't get at least one of the big four banks doing a significant mobile experience overhaul to try and compete here. Because if they don't, I don't see how short of regulatory capture or some stupid fee structure they bake in for withdrawals, I don't see how they're going to be able to hang on to the majority of their customers at this point. Between the older population becoming net sellers or holders, you know, just as a result of their risk profiles, the age, young people just never starting accounts with banks. There's that middle ground for guys, maybe my age, your age, a little younger, whatever.

But I think that probably that population is going to start thinking about moving if they haven't already. I just don't know how much time frame has to pass before Robin Hood becomes a true. competitor to Well Simple. It could be months. It could be much longer than that. I don't know. Maybe max. I don't know. Like what does it take? You got to figure they entered the market knowing it's not going to be that long, right? Maybe. I don't know it. I mean, 250 million. It seems like a lot of money. Not for them. Not for them. Maybe not for. I just said just so many variables here that I can't compute because I don't have all the information. And so I don't know. Good luck to them.

I'm not going to use their fucking services for buying. No, I won't I won't switch either. I use while simple for my TFSA, RSP. I'm not going to move. Well, Bitcoin all the way. And that's my RSP and the TFSA. Talk about how this market is healing itself, Joey, the NFT marketplace and finance. Finance, they're shutting their NFT marketplace down.

I had that still open. I can't believe this. Neither did I. Neither did I. users who currently use the service, although if you are, you're truly a fucking idiot if you do. They're telling them to pull your digital assets from the platform by July 3rd, 26. And failure to do so, you're then forced to do the right click and save. And that's the only way to save your digital asset.

Binance is saying that they're going to be releasing a product upgrade and they're going to shift gears for focusing on a, I can't believe they fucking doing this, a self-costally Web 3 Binance wallet. Jesus Christ, WebCusty Web3 Finance wallet. This can't end well, right? It's going to end well for sure. What do you mean?

It all sounds like it's on the up and up. It's going to be a story we'll be talking about quite frequently on this show at the release. Finance is telling users to manually withdraw these assets to the either to the self-custody wallet or a comparable external wallet like Metamask or whatever. Whatever, it's all garbage. They say the first, this is great stuff, the first 100,000 users who move their own.

have NFTs using the B&B smart chain or Ethereum networks. They're going to receive a rebate of one USDC to cover the estimated transaction cost. One USC. Thank you so much. That's an incentive if you ask me. Now, keep in mind that the whole market for NFTs have fucking crashed. Oh, yeah. Who could have guessed this?

Coinbase NFT, they sunsetted that in August 2024, crack an NFT shut down. in February 2025. Binance is next. Incredible stuff. Do you know what's crazy about Binance? So Nathan on BitKast told us that SBF is asking for a pardon, obviously, from Trump. And, you know, there's only, I think, one or two places where FTCs token is still traded. Do you know what one of them is, obviously?

It's Binance. So, Binance, in terms of, like, letting you blow money and gamble on useless shit, there's no one better than them. they will let you do NFTs, FTX token, and a million other things. Now, what you have to think about if you're an NFT guy, I guess, is that they've chosen to wind down the NFT market before they've chosen to D-List FTX. How does that make you feel about your JPEG? Probably not great. Probably not great. That sucks, man.

That sucks. And that was such an obvious. Do you remember in the early days of the show, the COVID days? we did an episode where I highlighted this guy Pachy McCormick. You remember this guy? Yes. Yes. And he had like on his on his homepage, like all these NFTs that he thought were going to be huge. And they had like the squiggle.

And it was like some other just like obviously fucking retarded shit on his page. The home page is called Not Boring, I think. Or is it Packing McCormick's dot is it's either Packing McCormick.com or not boring.com. I forget. But it was all these like, this was, this was peak mania. All these projects that were going to be huge. You know, this is the network for this kind of shit. This is the NFT if you're a lover of squiggly lines and sparkles.

And like this guy was a fucking idiot. He probably got so rich because there's just way more fucking idiots than him. But watching this, like watching this develop in real time. And like we weren't the only ones who were on this the whole time. The NFTs are obviously just fucking useless garbage. But people love to buy them. They love to buy them. They love to hold them. The NBA had a dunk contest participant sometime in like 22 or 23 that had an NFT around his neck,

like a digital picture frame portrait thing or whatever. Like the dumbest, the dumbest stuff in the world, man. It's just a pump and dump. And really, it's just trying to find a loser out there that is willing to part with enough funds to make somebody else rich, right? Totally. Not too long ago. Do you remember when Twitter was before it was...

They did the NFT PFPs, right? Yeah. You had to get like a, what was it? You got like a circle PFP or a square PFP. It was some sort of like octagon or something that's fucked up that it was, you could tell visually that it was different. Yeah. And you're somehow linking your JPE or your...

That's what it was all about. Like I got to show people I own an NFT. But there was, the problem was there was just no way to show people. that was convenient. Like, it was so obvious from the start, this was going to fall flat. And now, I think those, like, board ape yacht club or whatever

and punch penguins. Did you see one of the sales? Well, those, yeah, but Len, those shirts, like those, that was like the coolest shit. I think those shirts are available at like Target now. You can get like, you know? No, no, no. So what these were, I mean,

I don't want to get into history of this, but they were selling for tens, hundreds of thousands of dollars. Oh, yeah. Hundreds of thousands. Oh, yeah. One sold this week for like 12K. Something like I was either 12 or 19.

Like something really, really just how this market collapsed. And it's not like you could say, oh, like how did it happen? Like it was clear today from day one. And it's not like where we just figured us out along the way. Like we were calling it from the get going.

So many other people were like you can't fucking right click and save this bullshit. That's how stupid it is. Screencapping. That's what it goes back to with Bitcoin where there's a finite supply. Not like Zcash where you, you can't even tell how much fucking is there. Like it's kind of the same like we could go there.

Like how they got erect this past week. That was a fucking funny story. It was funny. It is a bug in one of their pools. And the problem with the bug, it was an audit issue where new coins could be created for free. And since auditing that shit coin was damn near impossible, it is unknown how many were created. And so somebody could have made bank through this. And it's not like this was just a recent discovery.

They just figured it out and enclosed. This fucking bug was in the wild for two to three years. Yeah. So somebody out there, you can't audit this. You could essentially create an unlimited supply of Zcash during this period of time. This is why it sucks to deal with shit coins, especially one that doesn't have a transparent ledger that you could check out with meager hardware. Yeah.

Like you can with Bitcoin. You're simply chasing gains. And in this case, you chased at the time was a 50% drop. I don't know if it's recovered since then. But that's an absolute joke. And right, like this is Huawei Bitcoin. It's more mature. You don't have this bullshit.

You can't. There wasn't inflation about with Bitcoin like a long time ago, but it was nab right away and stop. This has been out there for years. Who knows how much people that had access to. There's no way to know. There's no way to know. Correct. Yeah.

Correct. That's too bad. The funny thing is, you know who who was big on Zcash over the last month or two? Two names. I'm thinking of two names that you will know and have a good time with. I said it's Rogan, but I guess. Not Rogan. The guy from bank lists who sold all his Ethereum, Hoffman, rolled a bunch of it into, yeah, he said he rolled a bunch of in Zcash.

Or did they both have funny voice? They both have kind of low-tee, you know, you wouldn't be afraid of these guys if you saw him on the street type voices. So he rolled He rolled Yeah He rolled some of his profits In the Zcash And the other guy was

Rug Paul Yeah Amazing Like this guy Raoul Paul There's so many good clips Of him floating around This guy's fucking wrong

About everything All the time He gets the wrong Asset Every single time And it's not just like It didn't go up As much as Bitcoin

Or had like A network problem It's literally Like dysfunctional Going to Zero assets every time he jumps on, every single time. Perfect contrarian indicator. We need inverse Powell pretty soon.

Well, especially just to stay away from the shit coins. Yeah. You'll be okay. I can't believe people still, like, even give him any credence to listen to what he has to say. I mean, thematically, the guy is saying the right things, like digital revolution, but it's all, it's just Bitcoin. Like, it's just Bitcoin. I don't know why you have to play stupid games. Everyone knows at this point.

And by the way, the crypto market, like the all coin market, hasn't, There's no, like, there's no recovery coming. Yeah, I see in the chat, Oscar. Suey's another one he invested in. Yeah, everyone's seen these videos. They're so good. This guy's so sure of himself. And every single time he's just fucking wiped out, wiped out.

I don't know. Pretty soon he'll be like an arc rater streamer or something. There'll be nothing left for him to do in the, in the crypto market. Even Bitcoin miners, do you remember a marathon? They got it into Caspa coin. Yeah. Not long ago. So people make stupid decisions when they try to,

to chase profit and they just run away from, or at least try to diversify away from Bitcoin. Like, why? They just, you know what's going to happen with Bitcoin over the long term? Why bother trying to chase some gains? Look at all those people that were in Terra Luna. They were getting 20 years. He was in Tara Luna too.

Remember that? He's like, it's risk free. I can't fucking believe. That's right. It was, yeah, he could create some memes for himself. Buddy, you remember it was like 22% or something along those lines where it was the APY you were getting from staking. Yes.

Yes. Lunat coins. Yeah. Doesn't that fucking, it's almost like you're looking at STRC when you're getting 11.5%. Right? It's like there's a comparison. Yeah.

It is. Come on, Joey. Oh, no. The word is un-fucking sustainable. That's what it is. Un-fucking sustainable. And that's what they're doing. Right.

It's also, it's like selling bonds when you have, even a central bank sell bond. Like when you do that, you're defaing the fucking currency I love it I love it Rug Paul Rug Paul has been just an unbelievable indicator that guy's so funny he it's just like

he's always taking the videos in like his fancy it looks like a hotel bar that he's probably got in his basement it's a pretty nice spot but it's like just trying to add credibility any way he can because he ain't gonna add it through the ideas

or the performance so he's got to find another way maybe it's with the aged dark liquors or something but he's had a hard time kind of staying on top of things. I wonder what's next for him. I don't know. I'm not sure what he's going to do.

If you had a chance, would you have drinks with him? Oh, totally. I don't have drinks to anyone. Yeah, totally. Schiff, Rogpal, Arthur Hayes, you name it. Schiff is a bickoner. Yeah, yeah. I don't care what anybody says.

The guy's, he's a closeted bitcoiner. He's doing this. I like Schiff a lot. Yeah. I have nothing. Shiff is like Timu Bezos in a lot of ways, you know? Like sort of one-track mind, uh, married a, you know,

middling, surgically enhanced Hispanic woman who's after him for his money, has a couple of kids with his first wife. We're talking about Schiff here, right? Yeah, Schiff and Bezos both. Like I said, Schiff is like the Timu, D-H-G-Bizos in a lot of ways. I don't think people realize that,

but it's worth looking into. I might launch token, Timu Bezos token with a picture of Peter Schiff. Fark coin, somebody just mentioned. In the chat. Fark coin mentioned in the chat. Wow, crazy. Malanya coin.

and also Trump coin. I like the stupidity of this and the hype and people were just the salamacine it's amazing that you could just create a fucking token yeah quickly.

Do you remember some of the ones that were on there like are completely unhinged like wooden door there was like some other like holocaust was getting a lot of press dog with hat was another one

peanut squirrel yeah He was getting some fucking, like, like, why? What the fuck is this thing? Anyways, there's a guy on, there's a guy on Twitter. Oh my God. I actually found the guy on Instagram like months ago. And I noticed now he's on Twitter. And I can't remember his Twitter handle.

But the guy is basically doing a bet with his friends where he's going to take steroids and drink 24 drinks a day and not work out and see how Rifty can get. and see how Rifty can get. He's getting, Len, he's getting so muscular. And he's got, Len, he's launching a token.

The token launch and went up 2100% in like three days. No, there's no, there's no fucking way somebody could just inject themselves with something. He's doing,

he's fucking working out on the side. There's no way. Right? There's, just, I've watched the steroid arrow in fucking baseball. Those guys were fucking Jack

because they worked out, right? There's not because they sat in their ass and they're nothing. And I amiss completely derail. Barry Bonds deserves to go to the Hall of Fame. He does, right. No asterisk. It's the same with fucking Kurt Schilling and Roger Clemmon.

Put them all in the hall. They all deserve it. There's some potential fight going around with Treasurer and it's about their secure element chip. Without getting too much into details, the way of Treasurer is framing this, it's the vulnerability. It impacts

those that have physical access to the device. You have to physically possess the treasurer device in order to take to take advantage of this vulnerability. So without that, it's not possible to use this vulnerability to go ahead and fuck over the device. Furthermore, they need to disassemble the device and use specialized, expensive lab equipment in order to do an attack on the treasurer device.

And I'm not trying to pump Treasurer. This is just what's being discussed by them. So they say that you have to do something called a laser fault injection attack. And that doesn't sound cheap at all. And even then, the attacker, if they're successful in doing this, they wouldn't have access to the pin needed to get into the device. And they wouldn't get access to the wallet backup because that is not accessible. So there seems to be some fun trying to rip treasured out.

Where do you think it came from? from. Initially, it came from the, what's their biggest competitor? I forget the name of it. Ledger? Ledger. The Ledger Don John, their laboratory. They're the ones that released this information.

Somebody must have picked up on it and it just created a, try to make it much bigger than what it really is. Do you know how this sounds to me? It sounds a lot like the cold card critiques that Ledger levied a few years ago against cold card. Yeah, it's very soon. You got that physical access to the device. expensive equipment, lots of time.

And even if you get it, it's still pretty unforgiving in terms of what data you actually are able to extract from the device because it's just not that much on it. And, you know, Ledger really has fallen off. I think they're the clear sort of third or fourth place device now, depending on where you put like foundation devices. I still think Cole Card's number one for ease of use and tech and aesthetic as well. But my understanding line is that those Ledger 7s are like are built like brick, shithouses. They are like really, really well made, really good looking, nice fit and finish.

And if this is the best that some of these security labs can do, there I say they are very secure or as secure as a cold card as well. Maybe. Is it air gapped? Is it Bitcoin only? That's the hang up. You know the deal. Yeah. You know the deal.

So yeah, these are things that I like to see in the device where I sign my transactions. Without that being there, I'm going to give it five thumbs down. Okay. One more story, I think, before we transition, because there's a lot on the back half. Maybe two more stories. Sure. Bitgett. You ever hear of Bitgett?

I feel like I have, but I don't remember why or when. Well, you're not going to hear them anymore, at least in Canada. They define themselves as the universal exchange, the U.EX. Okay. And they're trying to bridge the gap between the crypto ecosystem and traditional finance. They are offering shit like high leveraged futures, 125x. Why stop there? Why not $1,000?

Why have $5,000? Come on, guys. Give us what we want. You could do spot trading of Bitcoin and chick coins. Tokenized assets of real world stocks and ETFs. You get the idea. This is what they're all about. Well, they're no longer going to be able to provide services to the Canadian market.

I even had no idea they were here to begin with. Me neither. August 15th, 2026, accounts will be moved to position, closing, and withdrawal modes only. That means no more new position deposits or entering in new trades. So between now and then, for the next two months and change, you still can. But after that, you're kind of stuck to only close and withdraw. And then August 30th is the final deadline to complete the withdrawal of all assets. And your account will be closed the next day officially.

we're not going to hold a funeral for these guys because I have no idea who they are. I don't know anything about them. Good job. Regulated on all this. 125x, Joey, like, we should fucking throw a flyer on there. We got to go harder than that.

Drop one Bitcoin and see what... Okay, reminder. Content reminder here. There's a hundred people watching on my Twitter feed. Go to YouTube and participate in the chat. That's your reminder. Every few stories. Okay, where do you want to...

Do you want to do one more and then go to... I just want to know, Joey, like, how much do we have to put down and how much does Bitcoin have to go up to get 22 million Bitcoin from this leverage? That's what I want to know. I want to get 22 million.

If I got to put one Bitcoin, I have to put 20 Bitcoin, a 50, 100 Bitcoin, and then how much does Bitcoin have to go up for me to get me? I look at it leverage. I did laugh at a tweet I saw the other day from somebody that we should just find 22 million

or 21 million and one people who want to buy Bitcoin at the same time and just see what happens. It is interesting to consider that probably the exchanges don't settle on chain immediately. Obviously, you don't expect them to. And the thing about the leverage, I know we kind of joked about it, but isn't like Bitmex and Binance, aren't they doing very similar stuff with the 100X? I'm pretty sure you can get the three-figured leverage on those exchanges too. It's not just these like one-off dark exchanges that disappear overnight.

So Binance doesn't offer services in Canada. There's Binance U.S., which is a really, scale down version of Binance where they don't provide they don't sell a lot of shit coins and the leverage is either truly nerfed or not existent and then there's a Binance that we all remember

that's available to the rest of the world yeah from there you get some sort of crazy leverage you can't buy ontology coin on Binance Canada or Binance US I should say I don't know but that's too bad because I wanted to go all in on that me and Len me and Len used to talk about ontology coin

is a big win Denta coin was that the other one decentralized dentistry on the on the blockchain it was just dying to get this I love it it was a need that had to have been filled and they filled it sure did is that a dentist joke

it was a filling they were able to fill the uh yeah sure it was so fucking joke oh god let's go to the rest of the I love it I can't wait this is becoming the more popular version or part of the show by the way by

by view count so if you're new watching tonight coming from Bitcast hanging you're going to love to hear what's going on in Canada these days. If you're with us on audio, come back tomorrow for the back half. It'll be on your feed. And if you're with us on video live, a bunch of you guys tonight. Hang in.

We're going to be right back. And don't be a cock.