RABBIT HOLE RECAP #419: FREEDOM IN THE DIGITAL AGE

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For completing the bounties, if you're a developer looking to scoop up some easy sats, go check out the bounties, contribute to them, and stack some sats. Stackwork.ai. This rep was brought to you by our official electrolyte sponsor here at R.H.R. Salt of the Earth. You've been hearing Matt and I talk about it quite a bit. I drink multiple packets of it a day. You gotta stay hydrated. That's why my face looks so good. That's why I'm getting buff. I'm able to get to the gym more because I'm hydrated. Matt, he's looking incredible. I'm sure you've all noticed it. You wanna know why? Salt of the Earth, baby. Go to drinkssauté.com. Use the code R.H.R. You're gonna get 15% off. I'm dead serious. It hasn't made my life way better. My wife, she's right behind me right now laughing, but she's laughing because she knows it's true. She drinks like seven a day. I drink a few a day, maybe seven a day too. Matt, I don't even wanna tell you how much he's drinking. It's good. It keeps you hydrated. It keeps you alert. Keeps you ready to go. Drinkssauté.com. That's D-R-I-N-K-S-O-T-E.com. Use the code R-H-R for 15% off any order. You've had a dynamic where money's become freer than free. We talk about a Fed just gone nuts. All the central banks going nuts. So it's all acting like safe haven. I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor. I mean, that's part of the bull case for Bitcoin. If you're not paying attention, you probably should be. Pork butt so hot right now. Marty, I took my family out to dinner yesterday and my oldest wanted to know what is your opinion on artichokes? I like them when prepared certain ways. I like them like grilled. I don't like when you have to pick the hearts out. I like when they do it for you and you just know what to eat. Artichokes are game style. Yeah. If you get them in a certain form factor, you don't know what to eat, what's edible, what's not. And the artichoke and you can end up getting a scratchy throat. We were at, we were at dinner at a pizza place and we got a Greek salad and had like the cut artichokes in it. Yeah. And I gave one to my oldest. I was like, have you had an artichoke? Try this artichoke. Puts in his mouth. He takes a bite. He goes, he looks at me and goes, does Marty like artichokes? Just straight up. Asked about you specifically. Yeah. I was like, that's random. I was like, I will ask. I'll make sure to ask tomorrow, son. Don't worry. The, the, the, the prima gentler of the, the Odell family. My answer is in certain form factors when prepared appropriately. Make sure he realizes there's nuance to the answer. We had a, we had a farm day this week. We went to a, feel fine shouting it out. Beach plum farms in Cape May. Beautiful farm. They've got pigs. They've got chickens. You can feed them. Picked up a pork butt, made some carnitas tacos on Tuesday night. Go support your local farms. And if you're ever in a Cape May County, New Jersey, go check out blue plum beach plum. Excuse me. Beach plum farm. Beautiful farm. Great gardens. Great vibe. Love it. Shake your farmer's hand. It's true. It's true. It's true. Great pork. They had a great pulled pork sandwich there too. A lot of pork this week. A lot of pork, not on the list though. A lot to talk about. A lot of, a lot of, a, we're going to start with some sad news before we get to the sad news. We'll start with the dashboard. That is Clark Moody's dashboard. Pretty famous dashboard. Probably the most famous dashboard out there. Current price of Bitcoin is 64,790 cuck bucks. One cuck bucks is going to get you 1,543 sats for the $1.3 trillion market cap. We're at block height, 959,279, which means we are currently 337 blocks away from the next difficulty adjustment, which is looking like it's going to be on Saturday, July 25th, a negative 1.4% adjustment as of right now. And it's pretty significant because I checked it earlier this week and it was looking like it was going to be an upwards adjustment of 3%. So we've had some hash rate come off the network. I guess it would be a material amount of hash rate considering how deep into this difficulty epoch we are in. So I haven't looked at that, but we'll be interesting to see. We've got 5,910 transactions and Clark's mempool, if we go over to mempool.space, we'll see they have 94,961 transactions in their mempool. High priority, four sats per vbyte. If you're willing to wait a little bit, two sats and if you're willing to wait about a day, one sap per vbyte should get you in. Let's check the mining here. Let's look at the hash rate. Yeah, it looks like the hash rate has fallen pretty significantly over the last week since July 3rd. Yeah, it's falling down. Yeah. That's the state of the network. Hash rate still in a bit of a bear market here. We're down, where was it here? It was at 1.13 zeta hash. We're now at 893. So we lost about 200, 220 x a hash since October of last year. I'm liking this bear market. Are you? Are you having fun? Are you winning, son? Are you having fun staying poor? I'm tired, boss, but I'm having fun. Family's starving. Hard to complain. I've been up for a while today. I'm at the home office. As you may tell, guys, big update to the home office. Finally got the wallpaper. No splotchy paint on the walls. We've got some legitimate wallpapers. It's got some texture to it. I was worried, Logan, that we were going to get optical illusions. We've taken some pictures in here and there's some optical illusion with the checkered print, but it's good on the 4K camera at least. What is the optical illusion? And like warps, particularly in corners. Interesting. In pictures, yeah. In pictures or in person? Do you feel like the walls are closing in on you? No, no, no. You're sitting there like, there's so much pressure on me right now. Just in pictures. Okay, that's more important. iPhone pictures. So we're good. We're going to decorate now. We're going to put stuff on the wall. Making progress. Taking the boys fishing tonight. He had a little flounder hole. That's awesome. That's fun. First time. Love fishing. Have I told you my fishing story before? I don't think so. I will admit I'm not, historically not the best fisherman. My father, my uncle, my cousin, a couple cousins and I went fishing. When I was around my oldest's age, actually. And we went out to the bay, threw some lines, didn't catch anything. And then we got back to my grandparents' house on the bay and they had a public dock next to them where you could throw lines. And me, eager to catch my first fish, ran off the boat. And after disobeying my father, he said, you can't fish by yourself. Like if you're going to go, I'll take you to the public dock. But wait for me. I couldn't wait. I ran over, literally set up on the corner. There's a bunch of people on the public dock. And I go to cast my first line. Like I come back and I cast and the line doesn't come. And then I come back like we're to like three times. And I turn around and I, the hook got stuck in a kid's eyelid behind me. And I was like, oh my God. Was he not screaming? He, I don't think, I think the, the, the, the trauma. The adrenaline? The adrenaline hit him immediately. And it wasn't until the third where he's like, hey, stop that. How old were you? I was like six. And I turned around and immediately dropped my rod and ran into my grandparents' house. And it was a whole thing. Traumatizing. Wait, you're saying you were traumatized? Yes. I'm sure the kid was traumatized too. He was probably a little bit, he was probably a little bit more traumatized than you were. It was traumatizing for both of us. I, I imagined. I did get better at fishing when we were just South Carolina. I learned how to, I learned how to fish better. I haven't fished in a while. Luckily we have a fishing guide tonight. He's going to take us on his boat to the flounder. And I'm going to maybe tell this story to my oldest as a, as a cautionary tale. I was being aware of your surroundings while fishing. Love it. No, I did not know that story. I did not know that story. You gotta be careful with hooks. Be aware of your surroundings, Fries. Um, I haven't opened up Primal. Is it working this week? I think it's working, but we only have one zap. We have Odie zapped 210 Bitcoin. And he says zap. 210 Bitcoin. There we go. No, I'm just kidding. It's BIP177. It's a stupid ass fucking icon. 210 sats. Would we, uh, will we end the show if somebody sent us 250 Bitcoin? Uh, no, of course not. We'd, we'd like be obligated to do it for another 10 years. I don't know. Has Kobe. Working, working off the zap. Oh, it has a letter live come back yet or up only that show. I mean, I will, I will tell the freaks short of death. I will guarantee 10 years of RHR. If we've got a, a 250 full Bitcoin zap, not a BIP177. Not sats. Bitcoin. Yeah. Primal is working video and all Austin says. Would that be too minor? Never go fishing with Marty. Bo tag 40,000 sites at making up for losses app opportunities. Keep crushing it boys. Thank you, Bo tag. Um, so minor, I'm more aware of my surroundings. More, more aware of my surroundings. You can go fishing with me. I'm extra cautious after that event. Are you viewing this on? Are you viewing the chat on primal or on zap stream? Primal. That's interesting. I'm on zap stream and I didn't see that's up. The beauty of, uh, of a distributed network. I must be connecting to different relays. Yeah. Soap on our Bitcoin is money. Use it as such. 24,000. You see that one? 42 sats. Uh, YouTube chat lively there. We got another. We got a Luke. More British pounds. It's the same dude. Hello chaps. Two, two British pounds zap on YouTube. Thank you, sir. He's consistent. Thank you for that. Thank you for that. Um, all right, let's get to the list. We started out with some, some traumatizing stories, uh, of my childhood and, uh, but lighthearted in a serious note. We wanted to start with, um, the unfortunate news of the passing of beloved podcast host podcast. John C. Dvorak at age 74 passed away suddenly earlier this week. Uh, and I know many of you out there that listened to this show also listened to no agenda. Um, and, uh, John also did a show with Andrew Horowitz that did weekly. And if you listen to no agenda, which was my main way, but, um, you listening to John C. Dvorak, you know, he was, uh, incredibly funny, dry humor, wicked sharp, um, wicked sharp. And I don't know, it was, it was pretty, uh, pretty startling. It's for me yesterday. Somebody who has been a no agenda fan for, for many years now. Uh, and just thinking of the banter that John C. Dvorak and, uh, our good friend, Adam Carey had over the years. And, um, not only thinking about John and his family, but Adam and Andrew, his co-hosts, as we know, we've been doing this for, for eight years. We're like brothers. I can only imagine what, um, John's family and Andrew and Adam are going through right now. End of an era. RIP to a legend. Yeah. Go support no agenda this week. I know Adam and John's family are going to be recording. I believe today, if not Sunday, um, maybe going on right now, or actually it would be in a few hours, but, uh, go check it out. Um, thinking of the no agenda army right now and Adam specifically, I got to reach out to him. Life is short freaks. Hug your families. Get shit done. Yeah. Make it count. Live a good life. Make an impact. Yeah, exactly. Make it count. I think it's very safe to say that John C. Dvorak had a very positive impact on this world and particularly, um, with his audience. And I think that's another thing you don't have to make the biggest impact. You don't have to be Elon. You don't have to be Jeff Bezos. You don't have to be, um, sort of some sort of visionary. Um, you can have an impact on your small community. And if you know, no agenda podcast and how strong that, that community is, um, it's very clear that Mr. Dvorak had a very positive effect on, on no agenda listeners. Um, and his cohost big news of the week in the Bitcoin space, obviously something we've been, um, we've been, uh, covering and, uh, no, uh, it just happened side by side. Uh, following this has progressed Heather's freeway crypto deal falls apart as Jack Mahler steps down from 21 capital. Um, so big news in the market this week, Jack resigned from 21, uh, to focus on strike after, um, just some disagreements on the future vision of, of 21 capital between himself and the board. Yeah. I mean, uh, let's see, obviously, uh, this was, it's a, this is a big deal. It's been a great, crazy news week. Uh, usually summers are quiet. And then, uh, this week has been, um, actually pretty action packed. Um, and this was kind of the story that started it all off. Um, first and foremost, uh, you know, Marty and I go way back with Jack. Jack announced strike on rabbit hole recap in Marty's studio apartment in Brooklyn. Um, we're close friends with him. 10 31 is the largest investor in strike. Uh, me and grant from 10 31 sit on the board of strike. With Jack, um, the technically we were never involved with the XXI. Um, none of this is, uh, that should be reflective to the public, the public security. Um, I, uh, look at the end of the day, uh, at the end of the day, I know a lot of people were, some people were excited about the idea of a strike XXI merger. Some were not. Um, and, uh, I it's, it's easier said than done to have a, a partnership that's win-win for everybody. And, um, I think Jack clearly real believes that the best path forward is, is, is a clean separation. I, I tend to agree with him. Um, I think, uh, what I care about most is, uh, is, is what's best for strike shareholders and strike users. And I think it's important that any kind of deal would have, um, valued strike appropriately and protected strike users as well. Um, and I, I think we've said many times in the past, uh, bad deals were worse than no deal. Uh, so I know that Jack did not take this decision easily. This is a, uh, something he's been thinking about for quite a while. And, um, I think, uh, it's important for people to own their mistakes, improve and push forward. I will say from the strike perspective, strike has never been in a stronger position. Um, our active user numbers are incredibly strong during a bear market, which is great to see the company's profitable. The team is incredibly impressive, uh, to work alongside and see them grow and build, uh, that product. And, uh, I'm excited for the future. It's good to, um, I'll tell you one thing. It's really nice. I imagine it's very nice for him to have the baggage off of him of the public company, uh, veil of silence almost. Almost right. It's like, you have all this information you can't talk about. You can't be as transparent as you want to. So I expect them to be much more transparent going forward. And so you can hear more from him directly. I, it's always weird to me, you know, people have all the different conspiracies about financial interests and whatnot. And sure. There's some truth in that, you know, um, for a lot of people, but I will say me, me personally. And I, I think I can speak for Marty on this one too. The biggest issue I have being live on rabbit hole recap every week and being utterly transparent, uh, is talking about friends, uh, when they're not here. And we, we do it all the time because I, it's, I think it's incredibly important, but it's, it's the single most difficult thing. And I will say that I'm incredibly grateful for my friendship, uh, with Jack is, you know, when you're, when you're a kid, you have, you have. Uh, many, I had many friends as a child growing up. Um, and a lot of it is just due to proximity. It's like who lives on your block, who goes to your class, who's on the soccer team. And so like, of course you're like friends with them, but then you get older, time goes on. Uh, time becomes very scarce. So you're exhausted all the time. You get no sleep because the kids are sick. Uh, and, and you kind of develop a, a core group of a very small, small group of ride or dies. Um, and I'm very proud and grateful that Jack is, is one of those people, you know, he's, he's someone that I can always count on. Um, and, uh, he's someone who's, you know, incredibly impressive, high integrity. And I know that he always wants to do, do best by his users, his family, Bitcoin. Um, there's zero doubt in my mind. So I think, um, this next six months, 12 months, 18 months, um, he's gonna, he's gonna prove that to the world again, I would say. And cosign all that. I think, um, yeah, if you're looking for more clarity, Jack shared the letter he sent out to, uh, you know, strike investors about, uh, about the parting of ways with, with XXI. And I think you mentioned it there, but I think Jack, despite what many, uh, many onlookers and common commentariat, many of those in the commentary class would like to say, Jack really does care deeply about Bitcoin specifically. And ensuring that it will succeed in the long run and people will be able to use Bitcoin, um, in ways that make their life better. And that is his personal mission. And I, uh, I'll just say personally, I'm very excited that his full focus is back on strike. And as Matt mentioned, they're in a very strong position already. I can only imagine where there'll be a year from now, um, with this full focus on this and, um, very, very excited to see that. So big news of the week hasn't ended yet. Um, this dropped this morning. This is, this is another like, wow. End of an era. BitMEX announcing. This one caught me off guard. Same. They're announcing the shutdown of the exchange operations effective September 23rd. We don't know why, right? Maybe, maybe they just. Too much baggage. Baggage. Or maybe they just lost volume because of the fact that they had to launch KYC AML. I don't know. I mean, I think they still had a decent amount of volume, but I mean, I mean, the founders are pretty rich. There's like a ton of legal liability on it. And they've always, I mean, I think they've always, they've operated pretty great for users. Like there's, uh, there's been some scandals with liquidations and stuff, but more or less, um, I mean, even when the founders got arrested, they gave people a withdrawal window to withdraw. Instead of shotgun came, I seen people. Um, so I mean, I know as much as you, like there's significant. I mean, I think there's a lot of mental and time burden running these services in an ethical way. So it could just be not, you know, the juice isn't worth the squeeze. I mean, that's, I mean, if you're reading the announcement tweet here, the owner and operator of BitMEX HDR global trading limited has made the difficult decision to close operations following a strategic review of the business. So, I mean, it's very, very vague, but maybe, yeah, to your point, maybe they're looking at the business, looking at revenue profitability and the mental burden that goes with producing that, that revenue profitability and decided, uh, the, uh, strategic review of the business dictates that we should not run this business anymore. Maybe that's what happened. I don't know. Maybe there's something else, but it's also a hard business to sell, right? Yeah. So I could see it just being like, okay, let's just shut it down gracefully, not hand over our users, just someone else. Yeah. Like, and like you said, Arthur and the co-founders have made a significant amount of money from this business already. Yeah. Understatement troubles. Um, I mean, what was, I think I saw, uh, uh, a tweet from, uh, Luke Martin that at the end, all said and done, the insurance fund when they just, when they closed it just now is 37,000 Bitcoin. So is that just distributed amongst the family? I think so. I think so. Yeah. It's like, there's three of them, right? So it's like 10,000 a pop. I don't think they were taking BC money. Have they? I don't think so. I think it was all bootstrapped. Um, I know Arthur has his family office, uh, far side, no far side. Right. Isn't that, is that not Malstrom? I thought it was Mal. I could be wrong. Um, Malstrom. Oh, Malstrom. Malstrom, I think is, is specifically their dev funding arm of it. I think. Mm-hmm. Anyway, BitMEX research who I know runs the family office or he's, he's involved with the family office. His, his account has switched from BitMEX research to far side insights. Oh, maybe some foreshadowing there. I did see one tweet. I just feel like it's worth mentioning. Did BitMEX release a token? Like a BNB competitor token? I don't recall. Yeah. Because if they did, that's a little bit fucked up. It's like to leave on a rug pull after all that, but. Um, I don't think I, that's. Someone had posted a chart that like just looked like BitMEX token rug pull. It's hard to keep track of these things. I feel like I would, would have been on top of that if they did. I mean, I'm not aware of a token they watched. Yeah. I could be wrong. Fair enough. I thought it was worth mentioning. I did not verify that myself though. Yeah. But yeah, that is a surprising, uh, I was surprised. I mean, they were obviously, uh, one of the first. Did you see Kobe, Kobe's tweet about it? No. Um, Kobe's tweet is, I want to do it service. He goes, the world you grew up in no longer exists. And it was, it was a picture of, uh, order submission, no order submission error. And when you're like trying to place an order on BitMEX and the whole website logs out and just gives an error and order could not be submitted. The system is currently overloaded. Please try again later. Yeah. The, um, I mean, let's give props for props or do BitMEX incredibly innovative on the custody front. They had a two or three multi-sig operation. I mean, Matt alluded to it earlier, but, um, they were geographically distributed. Multi-sig keys. They had payouts. It was a once every Monday morning. Um, and no, it was every morning, every morning, once every morning, at the same time, right? It was like nine, nine a.m. Eastern or something like that. Yeah. They did batch transactions at nine. I don't think they ever got hacked. Never got hacked. They said in the announcement, never lost user funds unless you got caught in the wood chipper. They, uh, I mean, they created the perpetual future contract. I lost way too much Bitcoin on BitMEX. Yeah. And Hey, they may have saved Bitcoin from going to zero on March. What was it? March 12th, 2020. By unplugging. By unplugging. By unplugging. They unplugged their order book. That is alleged. No one knows if they actually unplugged it, but there was a lot of older submission errors at that point. I'll pour some out for, uh, for BitMEX. End of an era. Critical, critical company in the growth of this industry. And it'll be interesting to see what those guys do next. I wouldn't be surprised that they're like, Hey, to your point, the juice isn't worth the squeeze. It's more of a, a mental burden then, then the upside we've made our, we've made our nut here. Let's, let's move on. And if they are deciding to shut down, uh, as opposed to selling, selling their customers to some operator operator, they can't trust. I think that's pretty, pretty valiant there. Um, good move. Just right into the dust. Maybe we'll see more of these in the future, extremely profitable business, get your profits, distribute them amongst the founders and then go about your way. Let other people provide that service in the market. Speaking of which coin kite always innovating, trying to bring new products to market. And they officially opened up reservations for ARCA, the personal data Haven hardware device. MBK and I recorded about this a few weeks ago, probably about a month ago, maybe at this point. But if you want to learn more about ARCA, you can go there, but essentially it's, um, is a data vault for, uh, all your very sensitive passwords, um, files, whatever it may be. And then you can go to the backup keys, uh, that you'll be able to self-host at home. And so I think they said Q4 this year, it's a start shipping. So if you want to get, uh, They said, they said, uh, January, 2027, but it could be, but it could be, it could be earlier than that. Yeah. They're just giving themselves a little buffer space. Yeah. So if you want to reserve, you can do so you got to put $99 down or Bitcoin 99 sats worth of, uh, $99 worth of sats. And they have, uh, I think three tiers. If you want to lock down one, two or three, you can put down a 99. Yeah. Gone. You can lock down like one, two or three Arcas. Right. Oh yeah. Yeah. There's not really tiers. It's just the price is discounted if you buy more. Yes. The part of it is because if you put them in multiple places, my understanding is they can there's redundancy. Yeah. Uh, work, work off of each other. And also there's, there's basically chip wise, there's going to be a full cold card in there to keep the whole thing secure, which I think is pretty cool. Yeah. I'm going to reserve my spot. I'm only getting one to start. I'm going to test out one. Nice. Well, huge shout out to NVK and the team. Look forward to getting my hands on one. Can't use the code RHR. There's no, uh, no discount on the, on the reserve spot. Make sure you message support and ask why that's not possible. Yeah. It's pretty fucked up. Um, next up strive has announced the Bitcoin stewardship commitment. And has committed to supporting Brink in open source development. I think this is just awesome. Um, I think, uh, Brink is a great choice for them. Um, I think strive, I think this is the first time a treasury company has, uh, announced a, uh, donation to one of the independent open source funding orgs. Uh, so it's fantastic to see them leading by example. Um, the exact amount hasn't been listed. Um, but, uh, I've been told it's not small. So that's great to see. And, um, hopefully this is a sign of, uh, momentum on that front. It'd be great to see more Bitcoin businesses supporting the open source developers, uh, that are building the, you know, the basis that all these companies are built on top of. Yeah. I mean, building on that, Mike Schmidt, um, founder of Brink announced, um, when he announced this, this came out earlier this morning hours ago. Um, he announced that today nine institutions, including BlackRock Fidelity, Coinbase and Strategy have announced the Bitcoin security consortium pledging $50 million toward Bitcoin security work over the next three years. Mike has agreed to help coordinate the group's work as a volunteer. I said, yes, because supporting Bitcoin developers and helping people understand their work, uh, are the two things I've spent my time in Bitcoin on through Brink and Optech. This group wants to do both fund the people already securing Bitcoin and bring accurate information about that work to the audiences it doesn't currently reach. The group's first focus is quantum computing, potential long-term threat that's reasonable to prepare for. It's true that the sufficiently powerful quantum computer would break Bitcoin's current signatures. What's usually wrong are the loudest imminent doom voices that development community is already working on this. These institutions want to help. I know exactly how nine giant institutions form a group to help quote unquote help Bitcoin sounds. I had the same reaction. So before accepting, I spoke one-on-one. Each company about their values and priorities to judge whether this would actually be a productive initiative for Bitcoin. Two things matter most to me. And I found the members already aligned on both no pooled funding. Each member company funds who they choose independently. The consortium doesn't hold funds or pick recipients. No consortium positions on protocol changes. Members speak for themselves. I'm a volunteer. Receiving no compensation from the consortium. Continue to run Brink independent of any consortium member. I've committed to a year in this role. Maybe I do too, but ultimately I see it as a seat that should rotate to other participants over time. My commitment is to Bitcoin and that doesn't change. Okay. Might as well read the whole thing. My hope is that this effort is in more funding, reaching more developers slash researchers on their own terms and a measured counterweight to the quantum panic in both directions. No dumerism, but also no dismissal. Quantum is the first focus, but this group works. But if this group works the way I think it can, there's room to support other security efforts down the road. Let the conspiracy theories begin. They're co-opting Bitcoin. I mean, look, I think that's not like I wouldn't call someone crazy for saying that. I have a couple of opinions here, I guess. Just this didn't catch us completely off guard. I mean, the actual announcement today and like who's a part of it obviously did. But Saylor has said as much in, I think the last Ernie's call, he said that they were working towards this. And we actually talked about an RHR and compared it a lot to his Bitcoin mining council that he had previously. Obviously, since then, he's also become very outspoken against BIP 110, like weighing in on Bitcoin development stuff in ways that he hasn't in the past. So first and foremost, I want to separate the Strive announcement that came out yesterday from this. I think, first of all, Strive is not listed in this announcement, which is notable maybe or maybe not. I mean, they're definitely a smaller firm than most of the ones that were labeled here except for Blockstream. But obviously, Blockstream has its own Bitcoin development history, which makes it a little bit makes more sense why they're being listed here. But it's like it's huge. It's huge companies, right? Anchorage, BlackRock, Block, Coinbase, Fidelity, Galaxy and Strategy. And Arc, I think. Anyway. So I want to separate those two because I think, first and foremost, this is why I think having independent funding orgs that companies can commit a certain amount of money to, but not be actively part of it is an incredibly important aspect of robust Bitcoin protocol development and open source app development. Right. Orgs like my own org, open source app, bring HRF, where a company simply commits money. And then those organizations have their own review process and independent board and decide how that money gets allocated. Right. Which is what Strive did to Brink. This is and so then also. So, yeah. So this is a different concept. Right. This is a consortium. They are pledging 15 million dollars, but that money has not been allocated in any way. And then my understanding is the individual companies get to choose who gets money, where that money is directed, if any money is directed and whether or not that becomes public. And Mike is operating as a volunteer kind of coordinator of all of those initiatives. Right. So you can kind of almost think about it like independent company initiatives that have a very qualified person that is being with with a long history in Bitcoin development, being the coordinator among them. But it's almost more similar to what we've seen in the past with like Coinbase funding, a Bitcoin developer here or Bitcoin developer there or like OKCoin was funding a bunch. BitMEX was funding a bunch. Right. BitMEX was funding a bunch of other companies that are working on the market where they like have their own relationships with those developers and maybe requests on what those developers should be working for. And there is separate concerns, I think, in that kind of setup than having independent open source organizations. Now, I think it's good for Bitcoin to have both. You know, Bitcoin is is becoming a mature, global, decentralized network and asset. And it makes sense that, of course, it's going to have both. And I think in general, more funding and support for open source developers is is needed and good to see. But I think people should have some concerns. And I think the concerns are basically twofold. I think the first concern is a potential for a lack of transparency and and, you know, maybe these companies dictating specifically where development goes and which path Bitcoin takes. I think the second concern is maybe less bad. From that first concern, because that first concern could be quite bad, but that that this is just, you know, a press release that doesn't actually amount to anything. And it's just a way to kind of ease investor fears over quantum without actually without actually doing anything of substance. And I will say to run it all up, I would be more skeptical of this initiative if it wasn't being led by Mike. It's hard to find a better person than Mike to run this type of thing. I know Steve Lee is involved as well. I saw David Puhl is involved from the Arc side. I assume Alex Thorne is involved from the Galaxy side. So there are good people involved here, which which gives me optimism. But I think being skeptical is healthy, especially when you see such large companies getting directly involved in in which path Bitcoin takes going forward. Yeah. I think one important detail that Mike called out is like they won't be working on protocol changes focused on security only. I mean, if quantum is the focus, if quantum is the focus, then yeah, the first thing you think of is like, okay, there's going to be a quantum software in the future. And the difference between them and BIP 10, BIP 110 is you could do a similar strategy that BIP 110 is doing, but actually have hash rate to back it up. It's like BIP 110 kind of gave them the precedent. Yeah. Like the actual path that they wanted to push through some kind of software for quantum stuff. And I think another thing I'd be aware of tracking, like, are they going to try to add KYC, KYC AML at the protocol level, as we discussed a couple of weeks ago? So CARF regulations will be mandatory in the United States come 2029. And there's a big battle there in terms of KYC AML and the ability to use Bitcoin in a self-custodial fashion. There have been, what's the word I'm looking for? I mean, the BIS, Financial Asset Task Force, European regulators, they have floated the idea of making it so you have to attach your personal identifying information to Bitcoin wallets. How that happens practically is another question, but that's one thing I would be on the lookout for from this consortium, which is filled with a bunch of institutions that seem to be on board with the KYC AML regime that has emanated from the Bank Secrecy Act here in the United States and has become a global financial surveillance panopticon. So definitely check your sixes and keep your eyes on this as it progresses. But to Matt's point, the fact that Mike Schmidt, Alex Thorne, David Puel, Steve Lee are involved does bring a bit of peace of mind here. And I strongly believe that those individuals would sound the alarm if anything gets out of whack in terms of what these companies want to focus on and who they're funding to do this. And another thing to bring up too, like who's to say like 15 million just to start, like at what point, what is the financial incentive for a developer to do something that is outside the best interests of Bitcoin? What if they say, hey, we'll pay you a million dollars a year for the next five years to work on this specific security problem in Bitcoin? Well, look, I think that's why having multiple funding routes for people is important so that they're not too desperate. Otherwise, that number would be significantly lower. Which is what you've seen with a lot of the influencers where it's like you could buy them all for like a fucking cookie. What is also interesting here is, and I have it as a distinct next story on the list. But to start off the consortium, I'm pretty sure Galaxy front ran the entire announcement and announced yesterday that they're committing $5 million. It's the same thing, right? It's their portion of the consortium. It's got to be. I mean, they're putting up a lot. I imagine they're the biggest, maybe that's why they're. So a third of the 15 quote unquote pledged, right? Hasn't been allocated, pledged is Galaxy. You got to imagine strategy is not going to be less than Galaxy, right? It's, it's MS, it's Sailor's baby. So that's five and five. And then presumably the remainder five is from the rest. But I thought it was interesting that they front ran the announcement. Galaxy, gonna do Galaxy, Galaxy brain. You know, get it out their own on the PR. I mean, click this Galaxy tweet, Logan. It doesn't mention the consortium at all, but it's gotta be the consortium, right? I don't know. Maybe it's separate. Maybe they got two, maybe they got two lines in the water to bring back. But the thing is the whole point of what they're saying, at least with the consortium is like, yes, we're all aligned in this general direction, but each company is going to do their own individual thing. So I think this is like Galaxy's individual thing within the consortium. Yeah. Up to five. It'd be even weirder if it wasn't, I think. For post-quantum solutions, ongoing research and publishing. Yeah. I imagine this is all just lip service to the quantum fear so they can go back to institutional investors. Don't worry, we're working on it. Don't say it out loud, but I just take a look at the YouTube chat. I love the freaks. I saw it. I saw it. Anyway, like I said, very busy week, not a quiet week. Yeah. And I mean, it's only going to get louder with this next topic, which is startup founders urging Trump not to block Chinese open weight AI models. Big topic here. We've been, this was, we got to get better. We got to get better at clipping, particularly old episodes, because the all in guys are like, look at what we said in May, like the open. I know, but it's funny too, because the internet's hilarious because someone underneath the comment was like, I can't believe you guys didn't even bring up Kimmy K3 in this. And it's like, yeah, it's a clip from fucking May. Kimmy didn't exist yet. But anyway, I, we've been talking about this for like a year. Yeah. But before we get just started on it, I just, just a little, you know, inside baseball on me shaping the list. I think this is actually the most important story of the week, but it's not Bitcoin specific, which is why it's listed right here. So I tried to, I tried to kind of front load it up, but keep the big Bitcoin stories first for your freaks. Yeah. But this is by far to me, I think, the, the big news of the week, particularly for Americans, maybe it's not, it's, it's actually not that relevant for our freaks around the world that are not Americans, but for Americans, this is the number one thing we got to get this right. Well, I would push back and say it may be, but once you lay it out, how would you describe what's happening right now? Well, as we've expected, Anthropic and OpenAI specifically are trying to get a regulatory mode to force us to pay them for intelligence. For specifically in this case, small US businesses. So this is a coalition of, I believe 200, they're calling themselves little tech companies. I think Proton was one of the big names there. And they were basically like, look, you are going to absolutely destroy our competitiveness in the market if you pass this and it won't actually stop Chinese models from getting better. Open source will continue to compound and accelerate. And all it will do is, is hurt the US, US citizens, the US economy to benefit to large tech companies. Yeah. And I think, to give more context to this story, it's really, I mean, this has been bubbling up for months and we got to get better at clipping old things. We've been talking about the fact that they're going to try to create a regulatory mode and cuck open weight models for over a year and it's slowly been building. But I think the spark that really accelerated the conversation this week was last week Hugging Face came out with a blog post describing a security breach that they discovered. And essentially, at the time that they wrote the blog post, it wasn't clear exactly what happened. But what has become clear is that apparently OpenAI was training one of their models and the sandbox that it created for that model train run. The model was able to break through that sandbox autonomously. This is the narrative that we're getting. So you have this new frontier model being trained. OpenAI had it in a sandbox that was supposed to be contained to their systems. The model became somewhat cognizant of the constraints of the sandbox and figured out a way to break through the sandbox and into the open world. And we're being told that it autonomously found Hugging Face's system, sort of injected itself into some of their databases and began. Running attacks on Hugging Face's systems. And for those who are unaware, Hugging Face is a big platform for open source models that people can access. It's sort of like a product hunt for open source AI models. And so Hugging Face, I think at some point last week, realized that their systems were being attacked and they tried to do a security audit of what was happening so that they could stop it. And this is where things get very ironic. They have enterprise open AI and Anthropic accounts, and they tried to run a security audit of their code bases to figure out exactly what was going on using the frontier models from Anthropic and open AI, mainly Fable 5 and ChatGPT 5.6. And due to the fact that those models had been nerfed because of the fear mongering of Dario and Sam about the power of these, Hugging Face wasn't able actually to do the security audit with those models because it automatically said, Hey, you're not allowed to use Fable 5 or ChatGPT 5.6 for this type of development work. We're going to downgrade you to lesser models that we have. And so that forced them to set up an open source, open weight model produced in China, GLM 5.2, in hardware that they controlled and then run the security audit. GLM 5.2 was able to dissect the problem and identified that you had some autonomous agent in their system wreaking havoc. And open AI, we now know in retrospect that open AI is apparently… And 5.2 stopped the attack too. Yes, it stopped. Like it found the vulnerabilities that patched them and they were able to secure their systems. And then earlier this week, open AI came out and said, Hey, that was us. And now you have this. Now you have this like, Oh, open, open weights are dangerous. And then in parallel to all this, obviously you have Kimmy… Yes. So it coincidentally happened right after the first open weight model that like outperformed the frontier models on benchmarks came out. Yes. In Kimmy K3. Yes. And… Massive coincidence. You have that. But then in parallel, now you have the accusations that Kimmy K3 is waging distillation attacks on US frontier models and they're essentially stealing IP. And we can't have that. We can't have the Chinese stealing American IP. I saw one of the… What's the parent company, Kimmy? Moon… Moonshot. Moonshot. Great name. How is there no Bitcoin company named Moonshot? Anyway, continue. I mean, you came out with an interesting point which is like, hey, we started training… Fable 5 was released like July 17th. We started training Kimmy K3 like a month before that. So like how could we have distillation attacked Fable 5 while we were already on the training run for Kimmy K3? It's the argument that they're making. It's a moot argument because you should just assume distillation among everyone. Yes, exactly. Well, that's the other thing. And then Anthropic and fucking OpenA and I have been doing this shit on the entire internet and all of our shit. Yeah. To train their models. And they're trading off of proprietary business data that they get access to from their users as well. So it's created this impasse that we're in where the government's like, hey, these things are dangerous. The Chinese are stealing our IP. We need to regulate. And they're specifically saying China, China, China instead of open source, open weight. Yes. Even though in fact it's the same thing. Yeah. Because they're making the Chinese boogeyman at the same time as they make the Chinese boogeyman on the election side too. Yep. How do you think this ends? I recorded with Connor Brown from BPI last week, published that yesterday. And a large, I think 20 minutes of the hour and a half conversation that we had was focused on this AI regulatory landscape right now. It's not looking good in the US. We can completely- I don't know. ... nerf ourselves if we're not careful. I think it's looking better than I would expect. I'm cautiously optimistic. I mean, I think David Sachs is a voice of reason. He obviously has influence in this specific vertical, right? He's supposed to be the AI and crypto czar. Trump picked him for that role. Obviously, most of that PayPal mafia group seems to be aligned with this. Palantir seems- came out swinging like last week or two weeks ago on the importance of not being locked into these proprietary models and forced to pay for tokens from Anthropic and OpenAI and have them dictate your entire life and control your business. Obviously, he's incredibly powerful. I've seen these 200 companies come out very proactive, very loud about it. I think it's a positive thing. Some- Howard Lutnick. I saw an article came out today that was like, Howard Lutnick is against this over-regulation of the industry, which was surprising. He obviously has, for good or bad, significant influence. So I'm cautiously optimistic here. I want to be clear that in terms of AI as freedom tech, none of these regulations are going to change anything in practice. They won't stop the compounding of open source and open protocols. Those will continue to accelerate. The danger here is, as an American, hurting our position in the world and our potential trajectory for individuals that are raising families and building businesses here. Right? We will be way less competitive if this space is over-regulated. And I want to be very clear here. I don't think there's any real good regulation that should be here. There should be a no new regulations, open playground. And we should just be innovating and accelerating. That's the moment in time we're at right now. And willing to accept risk. Yeah, there's some risk. There's powerful tools. Yeah. You can't nerf the world. I think that was like Joe Rogan's only good stand-up special that he did in the early 2000s. And it was the opening of him in the limo saying, you can't nerf the world. Yeah. We can't nerf the world. And Logan, pull up the Bill Gurley tweet. I think just again, add context to this. It's been very obvious that Dario and Sam have been fighting for this regulatory mode. And I think Bill Gurley, formerly from Benchmark, made a really good point here. Which is like, all right, let's take a step back and think from first principles about what just happened and how we should approach any potential reaction to the situation. He said, lots of very smart people are appropriately concerned about regulatory capture from the top two AI players. And there are many scary press releases, but no real due process. If open AI violated hugging face in a way that demands new regulation, let's start with a formal criminal investigation with a proper third party investigation and sincere liability. It can't be so super serious and only analyzed by the defendant. That's ludicrous. And why would we write new regulation if the crime we are supposedly protecting against isn't even prosecuted? This stuff makes no sense. So it's like, yeah, you're going to create regulation for if we're again taking the open source, open weight models and just focusing on the powerful nature of these models as it pertains to the latest model that open AI is training. Like you're going to create a regulatory moat for this company that just created technology that broached through a sandbox and attacked a competitor. And then you're going to get it. Yeah, it was the proprietary model that fucking did it. Yeah. So yeah, just from like logical first principles, that doesn't make any sense. It seems like open AI is in the wrong here. Maybe not intentionally, but the consequences of what they were doing led to this security breach at Hugging Face. And so like the idea that because open AI successfully breached Hugging Face's systems, we're not going to create like a regulatory environment that favors open AI just doesn't make any sense. Yeah, I mean, look, I think we've been consistent on this. I think the best regulation is no regulation. And let the market play itself out here. I think that will benefit the country the best. I think it will benefit the world the best. But I will say like I remain cautiously optimistic. If you had asked me six months ago or a year ago, you want to talk about clips. I'm sure there's clips out there that I was way more pessimistic on what the regulatory environment would be for open source, open weight models and self hosting in the United States. It's very notable. It should be very notable to people, I think, of how much money and influence actually seems to not want to be giving open AI and Anthropic this mode. I think Anthropic burned a lot of bridges. People don't trust the effect of altruists like they used to. I think SPF helped with that a little bit. But they burned a lot of bridges. They don't have as many allies as I think people think. Sam Altman, too, right? I mean, the richest man in the world absolutely hates and despises Sam Altman. So cautiously optimistic that they don't, that sanity prevails and we don't see anything drastic or dumb come out of the United States. But, you know, politicians are always there to surprise us. Yes. And speaking of dumb regulation, you don't have this on the list. But I think considering how near and dear this topic is to your heart, Logan, will you pull up the clip I put in our chat and play it for Matt? I'm one of his thoughts on this. Accelerate. It's so crazy because he saw the moment and he seized it and he said, okay, we can go for social lesson. That's what we should do. And rather than be brutally honest by looking around at all the places where socialist policies have failed. And rather than diagnosing the actual policy decisions that got us here, I do not disagree with him or Gavin or anyone else that tax policy in America is fucked up. When billionaires borrow against their unrealized capital gains, they should pay capital gains tax. Capital gains tax should be 40%, not 15% or 18% or 20%. They should pay the same as labor. In fact, labor should pay less. Income tax should be much lower. Capital gains should be much higher. That would be a fair tax policy. I don't know a lot of people who are wealthy who will look me in the eye and truly disagree with that. It's a lot of bullshit when we all say, hey, it incentivizes investment. Great. It incentivizes investment. What are you going to do with your excess capital if the tax rate is 40% versus 20%? You're not going to invest it now? Of course you're going to fucking invest it. You're going to invest your money. We can charge more for capital gains and solve this problem. But instead of those practical solutions like I just laid out, they're all like, let's go fire up the fuck. I'm going to get a fucking socialist train because it's worked so well in fucking Cuba and Venezuela and the Soviet Union and all these other places. Look at look how well it. Oh, wait. Don't look over there. We're going to do it right this time. We're going to get good socialism this time. It's a lot easier to do that than it is to actually go through the boring, annoying fucking policy points that I just went through and say, here's how we're going to solve each one of these. 40% cap gains tax, what do you think? So that's Friedberg, one of the better hosts on All In Podcast. You're our capital gains tax expert. I've never, you know, I paid a lot of it in my time. The, first of all, I've never heard him drop so many F-bombs. Neither have I. That was a- All those tech guys, they get like popular and now they're like, I got to look cool. I got to curse more. There you go. We've been cursing since the beginning. We, well, we've, I think we've gotten better over time. We've been cursing less. We were born, we were born in the curses, molded by them. I, a couple of things. First of all, I do, one part he mentioned is, is borrowing against your assets to escape cap gains. I think if they did, if you're going to keep cap gains and you close that loophole, we would get better cap gains tax policy because it's a classic. It's like how rich people don't do the TSA when they go through private. It's like rich people don't, the ultra wealthy do not deal with cap gains because they're just all borrowing against their assets. It's part of the reason why I think it's important that strike offers it, even though it comes with risk, right? It's because, because it is, it is the way it's currently set up is it's the default way for legal tax avoidance is to borrow against your assets and not pay. Now, the problem I have with cap gains is in an inflationary environment, it is even more predatory than taxes are by default. Because effectively what it's doing is they're inflating the money supply. They're making everything, every, every, that the world is measured in this money. They're making that worth less over time. People are trying to escape that devaluation. And so they go into assets and then those assets go up in terms of, even if those assets are flat in purchasing power terms or down even, they can go up in terms of the, the, the inflating money. Right. So you're getting, even, even if you're just, even if you're just holding a, a solid base of your wealth and it's not actually increasing in purchasing power, you're still getting taxed at this higher tax rate with the cap gains tax. So I think it's super predatory with shitty money. And I just think all cap gains should just get removed. I mean, if they're going to print, they can, they should print. They can, they can just print the money, use that to pay for things. They're already doing that anyway. I also, I like, I guess kind of controversial, but I, I like tariffs if things are other, everything else is cut because tariffs don't involve, don't involve surveilling people to enforce. Right. Right. Both income tax, sales tax involves surveillance for enforcement. Um, and then also kind of controversial is I'm not completely against like sane property taxes because property taxes tend to be local. Um, you know, they're funding the local schools and the local fire department and whatnot. And when you have local government, you know, this does not apply to big cities, but if you have local government that's closer to the people, it's inherently less corrupt because they have to look the people in the eyes. Um, there's more accountability there. Um, so I'm not, you know, I, in an ideal world, would there be no taxes and would it all be voluntary? Yeah. But like, I think there's, there's sane ways to do this that don't involve either being predatory against people in an inflationary environment that you're the cause of. Or financial surveillance required for enforcement. Very well put. And I want to add to this, I think, um, the, the reason they were having that conversation is because I think many are beginning to realize if you look at polling data, particularly focused on Gen Z and how open they are to socialism in the United States. That's what many people are trying to solve for. I think that's what Friedberg was saying there is like, Hey, let's acknowledge that there are problems, uh, and the solution isn't Mamdani and isn't full blown socialism. It's like, we need to look at these boring, hard stuff and make, uh, changes there. I think both of us would disagree with the, the particular changes that David made in that clip. Yeah. But I think we would all agree that Gen Z specifically has this, um, this unfocused anger at capitalism as a concept, free market capitalism as a concept. And I actually wrote about it in, uh, the Bitcoin brief this morning. I've been tweeting about it all week. And I think this is like a big narrative battle that we're going to have to overcome. And I think you touched on a lot of it implicitly, uh, a lot of what the core of the problem is implicitly, uh, which is like, we don't live in a truly capitalist society. When the most important tool in a capitalist society, the tool that coordinates economic activity, money is centralized. Like if they can just print the money, but to your point, like why tax people if you can just print the money? And so we live in a, a socialism light system. Yes, there are free market, uh, free market aspects of, of our, our, our system today in the United States, you can start a business, you can take risks. Um, you can, a lot of people fail when they take those risks. A lot of people have incredible success. Decently strong property rights, strong property rights. However, like the core of the system, the money that coordinates all that activity is centralized and the government and central banks pick winners and losers via bailouts and debt expansion. Um, so the treasury can issue bonds, raise cash with the knowledge that the fed will always be there to monetize that debt if they ever get in trouble. And so what this leads to is socialism, socialism light, like you can issue debt, raise cash, and then fund things like USAID, uh, Medicare programs that are being completely abused. And allocate capital in a way that it would not be allocated if you lived in the sound money currency where opportunity costs actually exist. And so there's going to be a big social problem as we move into the 2030s is this misdirected ire of Gen Z thinking that we're in like late stage capitalism, uh, and calling for full blown socialism. Where it's like, no, we have socialism light now. If you move towards full blown socialism, all these problems you're experiencing, Yeah, we're just to exacerbate to a level that will lead to death and suffering. And so I think Bitcoiners have been on this tip for, for many years, but I think now this conversation is front and center in more mainstream, um, forums like the all in podcast, or that wasn't the all in podcast, but David Freeberg, very respected individual. I think we really need to have the conversation about the core of the problem, which is the money, which leads to socialism light. And if you want to go down the socialism road, you're going to get more of the same. And it's going to be a hard conversation to have because the politicians aren't going to participate because they're addicted to unfettered debt expansion, like both sides of the aisle. And that's why Bitcoin being this opt in system is a beautiful solution. If you don't believe, which I don't believe that this is going to be solved via the political process or tax policy, you have to opt out and basically, um, put external pressure on the system to change. And the way you do that is by using Bitcoin as your money. Well said. Um, in terms of using Bitcoin as your money, uh, we got two zaps from right at eye freaks. We have books zapped 21,001 sets. He says, appreciate your work friends week in and week out. Appreciate the work. I wrote about the XRG teams. Great handbook for the Nordic node this week. Home mining revolution is coming. Go sign up for our newsletter at BTC hell.com. That's the one L that's the Bitcoin Helsinki, uh, conference. I wrote about home mining and the XRG teams. Excellent handbook this week. Um, go sign up. Uh, Corey San Diego's app to 21,000 sets. Next SD Bitcoiners, uh, will be Thursday, August 13th at 6 PM at quantum brewing in Kearney Mesa. See you there. Love the meetups. Continue to be one of the most bullish fundamentals. Mav 21 zapped 21,000 sets with no message. Thank you sir for being a ride or die. And silent.link zapped 210,000 sets. Miss some shows. Keep up. I love silent.link. I use it as my main SIM for, uh, my main cell phone. Uh, you can go get a data eSIM pay with Bitcoin. Works really well. Works around the world too. Very competitive rates. You only pay for what you use. So if you're on wifi, you're not really paying that often. Shout out to silent.link and all of you freaks for zapping in the Noster live stream. Moving on to the financial freedom report story of the week coming from India where the central bank is pushing digital asset prohibition. India central bank is again pursuing a digital asset policy leaning toward prohibition according to new government documents examined by Reuters. The Reserve Bank of India wants banks and regulated financial institutions barred from holding trading or offering exposure to digital assets and stable coins. Officials also warned that offshore exchanges and peer to peer platforms are difficult to track. The documents estimate that India has nearly 39 million digital asset investors holding roughly 2.1 billion in digital assets. For more stories like this, make sure you sign up for the financial freedom report newsletter at financialfreedomreport.org. India on again, off again. India's had a very volatile relationship with Bitcoin and other digital assets. They banned exchanges, what, like five years ago? And then unbanned them? Yeah, they've kind of had a China type of situation over there. Yeah. And it's the most populous country in the world. I mean, who knows what the actual population of these countries are. But I think India probably is the most populous country. So it's obviously notable. And I think there's good overlap here with the AI stuff, right? If India passes burdensome regulation on Indians, they are hurting their country and their citizens. They're not hurting Bitcoin, right? You're regulating yourself out of a global movement. And it would behoove you not to if you care about the well-being of your citizens and the flourishing of your economy. Great use of the word behoove there. And as you all know, after the Financial Freedom Report story of the week, we read the boost from Podcasting 2.0 from last week's episodes. We have two boosts to read from Rabbit Hole Recap 418 Brave New World. First coming from Stimmy. Hashtag 40 hours per week. 42,024 sats. Poundrum boost. Banger rips this week at the 2025 Bitcoin Veterans Summit. Matthew Vook and Average Gary both demonstrated excellent skill with defense handguns. Register for this year's summit, November 9th and 10th. At Bitcoinveterans.org slash summit2026 and try code RHR. See what happens. That's impressive, Matthew Vook. He's Canadian, so I just assumed they couldn't handle handguns. Summits open to veterans and civilians alike. I had him on, I had Matthew on Civil Dispatch. He's head of research at 2nd. Go listen to that episode. It was a lot of fun. Learned a lot of new things. Pretty exciting. All the, all the art developments. Yeah. And I had Ride or Die Freak Average Gary. There you go. Two for it. This week. Great episode digging into his experience. Doing Intel Ops for the Navy or Special Ops. And, um, basically his time. After serves, after serving, how we found Bitcoin, what the Bitcoin veterans are all about. And a little bit about what you guys are going to cover at the Bitcoin Veterans Summit on November 9th and 10th in Nashville. So go check that out. Yeah. Search, uh, search TFTC in your favorite podcast app. Press the subscribe button. Search Civil Dispatch in your favorite podcast app. Press the subscribe button. Open up your family's phones. Search it. Subscribe. They won't know it hit them. The signal will just come in. Yeah. And then we'll thank you for it later. Get the five star reviews too. Get the five star reviews. Yeah. Open, open, open, open your friends and family phones and just spam five star reviews. Gene Everett. Gene Everett. If you're still hate listening to the show, because I know you like to hate listen to, to all of our shows. We have the best hate listeners. We have the best hate listeners. He's one of the most critical, one of the most critical, uh, listeners and is, is very quick to give a one star review. I noticed. I noticed he gave me, he gave one last month. He said, uh, at the end of last month, literally bringing in astrologers for guests. I had, uh, Oh, that was on TFTC. That wasn't our HR. Yeah. It was an R HR. Same exact conversation. She talking points almost all week, boring and nothing new, but bring on astrologers is new low one star deserved. Um, Aaron Redway, Redway. Yeah. Yeah. I thought that I thought it was a great conversation. It was, wasn't anything that we've really covered, uh, before, but yeah, if you want to go, uh, drown out the one star, so you don't have to, um, you can do that. Any, uh, any zaps from the, uh, from the Noster announcement about it's all about the, it's all about the lovers and the haters. They're the true right advice. They come in every week. Um, it's, it's, you don't want to be lost in the middle, right? You don't want to be just like ambivalent. Doesn't really care. Completely irrelevant. Um, they're both good metrics. Um, as always, we post the hashed and signed video. So, you know, it hasn't been deep faked on Noster. You can find that at primal.net slash R HR. And obviously you can easily zap freedom money, uh, through your favorite Noster app. Top zaps from last week through Noster were Plebi, Anon, ride or die freak with 31,513 sats. A very, uh, pretty looking palindrome zap. Uh, summer rips are the best rips. Get outside and enjoy the weather. And then Florida, Justin ride or die freak at the very basic simple palindromes app of 22,222 sats. And he says, handshake emoji. Salute emoji. Right back at you, freaks. Thank you for supporting the show. Thank you for supporting the show. Thank you for joining us live now. This is, vibes are high on this rip and they're going to be. Feels like vibes are very high right now. Yeah, it does. It does. The energy drinks are helping me. And the coffee is helping me. I'm with my second coffee. Um, on to the software updates and launches section of the show. Lightning labs launched wavelength self custodial Bitcoin payments toolkit for apps. The third ARC implementation. Is it a third ARC implementation? Yeah. Uh, so now you have ARC labs, they have arcade, and then you have a second who has bark. And then you have lightning, which has wavelength. And the way ARC works is none of these are compatible with each other. They're all kind of built in the same fundamentals. Um, but what I found out with Matthew on dispatch this week is it's also like, it's, it's, it's more similar to mints. Like cashew mints in that even multiple instances of bark, you can't pay across them without lightning. Right. It's, it's, it's a different situation than we have with light. And, you know, we have multiple lightning implementations, but they're all building on like the same interoperable protocol. Um, of course, our does benefit from the fact that lightning is the glue between all of these things. So if you're in a cashew mint, or if you're in one of the three ARCs, or, um, if you're using spark, or if you're using a custodial wallet, or if you're using a purely self custody wallet, like Zeus, um, you can easily pay among them all. Uh, you can go to a square merchant and pay, and they would have no idea, uh, what backend your wallet is using, which is incredibly cool. I will say specifically the lightning lightning labs announcing. It seems like they built specifically off of, um, arcade off of our glasses implementation. And that makes a lot of sense because our collapse is focused very much on, uh, like defy type things and, and USD tokens, which is, uh, something that lightning labs has been trying to crack forever with like tap ass. And they've wanted, uh, USD tokens on lightning for a long time. So it seems they built off of that while bark for instance, is strictly focused on trying to make the best Bitcoin payment protocol possible. But one irony here is Barack was the creator of arc and found two vulnerabilities to lightning. And instead of, uh, instead of responsibly disclosing them, he, uh, he broke the network twice, just took down a bunch of lightning nodes twice. Then he announces arc. He says it's going to replace lightning. Then he launches his own arc based company, took a bunch of investments, disappeared. I don't, I haven't heard from him. And I, we didn't invest, but I haven't heard from him. I don't know where he's at now. Just completely disappeared. Then arcade comes out, uh, arc labs comes out. Then second comes out. Arc labs is like a recap of that original company. It's a fresh company, right? Yeah. Yeah. But it was like Mateo Tiero was part of it with similar people. Right. But, but new investors, new company bark, uh, second comes out and then lightning labs releases their own arc implementation, just bringing it full circle. And they're all using lightning to be interoperable with each other instead of arc replacing lightning. Yeah. It's just a wild, wild timeline. I think Barack did resurface recently to release like a progression on arc. Like, ah, my original idea, like here's some, here's some, here's some new things I think would make it better. I think he did. I could be wrong, but the way lightning is describing this or lightning labs is describing this in, uh, in this blog post, they're saying under the hood, this is powered by an arc like settlement layer. So it's arc. It's arc. They're not defining it as arc. It's semantics. It's semantics. Yeah. But apparently. Also like taproot assets isn't a fork of RGB. Yeah. I actually ran this. It's RGB like, I think this will be good for agents too. Cause it's an SDK actually ran it from my clanker, which I don't have up right now. I said, could we use this? And it seems like if you want to give your clanker a wallet, um, that is interoperable with or easily spendable, uh, in the agentic economy, this is a purpose built for that as well. Um, so you're going to get one invoice for every payment. It's going to use bolt 11 invoices. Um, so yeah, the really cool part is, uh, the cool, yeah, the cool part is that all of these things are just using lightning as an interoperable layer, because what it means is you don't have to try and bootstrap against a network effect. Right. Which is super difficult. We've, we've seen, we've seen Nostra have difficulty with it. We've seen Bitcoin have difficulty with it. We've seen all throughout Bitcoin history, when new payment tech comes out, it takes a long time for people to adopt it. And it's not a given, right? And if, if it's not adopted, then it could be very unuseful for the early adopters. And you have this kind of chicken and egg problem. But with this is like, you can literally be the only person to adopt arcade and you can still pay at every square merchant. You can still go, go to silent Lincoln and pay with Bitcoin. You know, as you can still go to steak and shake and buy a burger. Um, you don't have to actually have the underlying tech get bootstrapped because they just benefit from the established lightning payment network. Yeah. It's awesome. Do you see Jebby's comments here and in YouTube? Very contrarian here. Interoperability is overrated. Same with backwards compatibility. I can't tell if he's facetious. I don't know, but it's fitting that he posted it on YouTube. Yeah. Jebby. Jebby. Um, shout out to Wavelength. Go check it out. See if you have a clanker, have your clanker dissected and try to figure out ways to get Bitcoin, uh, get your clanker Bitcoin wallet and spending with it. Um, I see someone talking about it in the YouTube comments, by the way. Um, I decided to go audio only with Citadel Dispatch, uh, maybe almost a year ago. So I'm not, I've given up on YouTube. And even before that, I gave up on YouTube. So if you're wondering why you haven't gotten Citadel Dispatches is because, um, it's audio only. So you can go to CitadelDispatch.com. All the links are there or just search Citadel Dispatch in your favorite podcast app. Or as us in the biz like to call it artisanal podcasting. Artisanal. Dude, it's so nice. I've already have this one that has a video, you know, R to R. Um, it's so, and also working with smaller files. Yeah. My, the latest, the latest dispatch was, oh, he was. Yeah. The latest, the latest dispatch. Well, we were just happy to throw our friend over to the bus. Um, the latest dispatch was only 30 megabytes. Fucking awesome. Okay. These are gigabytes. Logan, how big was the, uh, were the files from the video podcast I did in, uh, the average Gary podcast. I downloaded 300 gigs. Yeah. See, that's fucking insane. Yeah. Logan, you're, you're using the wrong mic, by the way. Um, yeah, it's a different computer with different mics. This is just laptop mic. Okay. Mute yourself. Um, moving on. Noah wild update integrates bark 0.4.0 with live backups, native UI and easier arc features. Love it. Staying with the, uh, the bark features bark pay launches. You can do self-hosted Bitcoin payment solution ready in under five minutes. Is this with, um, BTC pay? No, it's a BTC pay alternative. That's much lighter weight and easier to run. Okay. I think it's pretty cool. Yeah. So bark. Mark pay self-host in under five minutes and gives you charges, API plus API keys, webhooks, hosted checkout, live and test modes, lightning arc and on chain and much more. Cool to see a lot of building in the bear market freaks, a lot of building. It's all coming together fam. It's all coming together. Accelerate. Don't sleep on this. BTC pay server version 2.4.1 has been released with bit 329 label import compatibility, editable invoice comments, and RTL language support. Great to see it. Um, never liked to see it on the list, but maybe this is better. I'll let you explain it. Tails version 7.10 has been released with new genome shutdown procedure and celluloid video player. Use tails. Consider updating. Wisp. So hot right now in the Nostro world. Some of you may be watching the live stream via Wisp right now. Wisp version 1.2.0 has been released with multi-account switcher transaction history sheets and improved zaps. Love it. Love it. UTXO is great. Ooh, look at this. A little agentic harness update on the list. Hermes agent version 2026.7.20. Quicksilver has been released with major speed up smart approvals and password manager integration. Yeah. We covered open claw last week too. Yeah. Um, seems very notable nowadays. I'm just going to keep covering those. I've added them to Citadel Wire as well. Citadelwire.com. Almost 60,000 visitors. I love, I love my Hermes agent. I love Citadel Wire too. Are you still pointing nukes at it or have you? Yes. Right now it's running 5.6 Soul Pro and Grok 4.5. Grok 4.5 is fast. 4.5 is pretty good. And I have them like working against each other. So to try and remove biases. Yeah. Like fun exercise. I mean, small tidbit. I know some people are angry that we're talking a lot more about AI, particularly on the TFTC feed. I had some comments this week, like, why are you talking about AI? It's because it's important. I think what Matt's describing there is one of the most important skills is don't become locked in to any one model provider or any one specific model. Create a system that gives you, that makes you model agnostic and you can just plug and play them. That's going to be the biggest unlock for you. Yeah. And I think like we'll see more and more people using multiple at the same time. Yeah. Um, that's, it's amazing. It is not a, it was not a given that we'd have so many good options at this point in time. Right. Isn't it beautiful? It is pretty awesome. It is. I think it's been in all expectations, uh, in terms of how many good options are available to people. Yeah. Bullish, bullish. Bullish. Join market. Another update. We had one last week, uh, join market ng version 0.32.2 is released with fidelity bond fixes and Tumblr improvements. And one of the things we're seeing, it's not just in, we're seeing in Bitcoin land, but it's a product of, of the wider open source community is AI develop, AI enhanced development is really accelerating things, bro. Like it's fucking insane. Um, how I, I, a lot of the theses are playing out at just breakneck pace because of, of AI enhanced development. Yeah. Let's make sure that we're allowed to do it. Accelerate. Accelerate. You can't, if you're using fable five and GPT 5.6 soul, you're not allowed to do the development work here. So you're probably going to be using the, the, the, look into the orb citizen. Look in, look in, we'll give you your world coin. It'll be worth something. Uh, wasabi wallet version 2.8.1 has been released with tap root received by default, new loading screen and app image support. Check that out. If you're running wasabi wallet, Dana, first time I'm hearing this one version 0.8.1 has been released with faster startup, uh, sat. For Bitcoin display. This is a ability fixes. This is a solid payments only wallet specifically made, uh, for people that want to receive donations publicly. I like that. I like that. It's a cool concept. Shout out to date, Dana. Um, a project making a lot of buzz in the industry this week is buzz from block, which is an open source hive mind communication platform. Um, so basically, I mean, many people who are describing it as a slack competitor, but I think Jack and many other individuals on the block team have, um, added some clarity about what they're going through here, but it's pretty powerful. I downloaded it. I've been playing with the agents still trying to get my agent connected and to spend some time to do that. But I think the concept is very strong and it highlights something that we've been talking about for many years now on the show is that Noster as a social, uh, communications distributed protocol. Uh, social media is sort of the Trojan horse. This, the way in which you can leverage Noster, um, is, is way more robust and pure social media. And it looks like buzz is, is really proving that with the way they've set up, um, sort of identity and relays using, using buzz, which is dependent on Noster. So a couple of things, first off, uh, uh, uh, I think this further highlights that open source software and open protocols compound off of each other, um, while AI is accelerating at all. And so this is actually a compound of a bunch of different projects, right? So it, it has, it has, it's, it's a Slack competitor powered by Noster, um, an open Slack competitor that you can self-host. You have to self-host effectively. Um, it's got NGIT built into it, which is the Noster alternative to GitHub. Um, and then it has Mesh LLM, which is something block built out in house that I believe uses Noster to communicate, um, where. Uh, different participants can effectively share compute and models, um, across the network. Now, one of the things that Noster has had difficulty with is, um, there's a lot of issues, not issues, but it's trade-offs all the way down when you're dealing, uh, with like the global open Noster network. There's no global source of truth with Noster, right? Which is a weird thing for people to grapple with, with blockchains, there's a global source of truth. Um, in the chain itself. Um, and you have consensus on that chain that doesn't exist with Noster. So there's a bunch of hard problems when you try and solve for things like that. And they just ignored all those hard problems because the, the way they have this set up is a company like block would host their own relay, their own server that powers all of this. And it would be white listed users only. Right? So they've, they've, they've, they've cleared a bunch of hurdles of like spam mitigation, DDoS is discovery. Um, uh, uh, like a clean encryption standard. They're not, not even using that because it's just a white listed relay that is controlling everything with white listed accounts. Um, but in practice, what this means is that a company can drop and obviously it's still very early and it seems like they decided to just release it early and iterate from there. It's not even alpha or beta. But it's, it's kind of beautiful, right? Because if you're a small business or even a medium size or larger business, I mean, block has, I think like 8,000 employees still at this point, if not more. Um, you can just drop this in as a replacement and you're not bootstrapping against the network effect. Once again, you're not fighting a network effect, uh, which we've seen time and time again is a way to go crazy. So I think this is really cool to see. Fantastic. Um, it feels like the future, you know, it feels like we're getting into the future. It feels like we're getting a taste of the future and, uh, it's just all coming together. Love it. Yeah. I had a retweeted it. Uh, let me find the tweet. I think this was like the best description of buzz that I saw yesterday. It's from somebody called Benji. Um, you can pull this up. He basically said, I think people are underestimating what you're shipped. The product isn't the workspace, the product to shared context. Once people code workflows and AI agents operate from the same cryptographically verifiable history, coordination starts looking very different. This feels less like slack with AI and more like an operating system for agentic organizations. And so, yeah, since the context is stored as events in the relay that can be called upon from anybody within that white listed relay, it's, it's powerful. It's like that company brain concept where, uh, we've been discussing for many weeks, but now it's cryptographically proven via these, these events that are signed within the company relay. It's very powerful. Yeah. And you, and the company actually owns its data rather than, you know, paying increasing subscription costs to someone like slack and asking permission. Yeah. And I, the white listed is like freedom of association on these open protocols. Like you having the optionality to, to be as open as you want, but also as close as you want is, is a beautiful thing. Like for this. Use case of a business trying to build. Yeah. You wouldn't want your slack replacement and your private repos to earn your agents and whatnot to be publicly accessible. Yeah. So it makes complete sense. Yeah. Perfect. Yeah. Well, we're winning freaks. Sorry. I just cursed. No, you're good. We curse on this podcast. It's not a kid's, it's not a kid's show. Um, I, uh, uh, yeah, it's all coming together. This is, this is, this is why you don't want burdensome regulation. Let's just have unfettered innovation. Let's just accelerate. Let's lean in. Let's lean into the future. It's the best. It's the best for a country. It's the best for individuals. It's the best for strong families, small businesses. Lean in. I see, um, uh, Fork and Coin, uh, seems to be complaining about a missed boost read. Fork and Coin. If you paid over 21,000 sets, please elaborate on your missed boost read. If you paid under 21,000 sets, then you've broken the social contract here at the show. And we only are obligated to read above 21,000 sets. I'm not seeing it. I'm not seeing it. I'm not seeing it. You see his comment though, right? I did see the comment. Did not see his, uh, his actual boost. So sorry. Sorry. Not intentional. Not intentional. We're not censoring anybody here. Um, last up on the software update. It's not really an update yet, but, um, good friend of the show. Good friend of ours. Uh, Mark Suman, uh, who is the CEO of Maple took to X yesterday to announce that they're preparing for the release of a coworking agent, uh, that you install locally, um, using the trusted execution environment set up that, um, that Maple is really innovated on. I mean, they were innovating on it before it was Maple when it was Mutiny Wallet. Um, and so now you're going to have the ability to download a desktop, a gentic harness that plugs into the open source models that Maple offers that are running in trusted execution environments. So hopefully soon you'll be able to download, um, uh, this desktop, as they call it, Maple research, um, Maple agent. I think they're, they're game testing the names, but, um, you'll be able to download this desktop app and have, um, basically an agentic flow that's leveraging models, open weight models, hosted in, uh, secure enclaves so that you have extremely private or perfect privacy, um, on the input and the output of, of, um, those queries that you make. So progression on the private side of, uh, of AI, um, Maple's leading the way there. So be on the lookout for this. Maple agent. That's what they're calling it. There we go. All right. Few more stories here. First, we'll be able to get to the, uh, the, the, the, the, the, the, the, the, the, the first step us prosecutes, cop city protester for using graph, you know, as to white phone. Interesting. Did you see this? I did not see this. What happened? So graphene has a, um, duress feature where if you put in a certain pin, similar to how cold cards have that feature, you put in a certain pin, it, it auto wipes the device, uh, duress pin, uh, guy used it. And, um, they're trying to go after him and set precedent that, uh, it's illegal to do that. Is it illegal to do that? Of course they're going to decide if it is or not. Um, what, what was, what was, what stopped cop city? What was this, uh, this protest all about? So Baltimore, where is this? I don't know. This came out today. Um, an Atlanta resident. Wait, you're scrolling. It sounds, it seems like it was in Atlanta. Yeah. He was stopped for interrogation at Atlanta's Atlanta airport on January 24th last year after vacationing in the Dominican Republic. Federal, unbeknownst to him, federal authorities have put him on a terrorism watch list because of his alleged association with the movement against cop city opposition to the $109 million police training center, which opened last spring, I guess in Atlanta. So there you go. Um, they asked him to unlock his phone. You, in America, you don't have to unlock the phone. I believe. Cause that is, um, yeah, you have the right to remain silent. But, uh, I, I don't think you're allowed to, um, intentionally delete it, but I don't know. I'm not a lawyer. How can you, but that's what's being fought. How can you prove that intent? Maybe he mistyped it. I was frazzled at the border and I like put in the wrong pin by accident. It's not legal advice, but maybe your duress pin theoretically should be, you know, like one digit off. It shouldn't be like a completely different nine numbers. Fat, fat finger plausible deniability. Yeah. I mean, that could also fuck you if you accidentally put in the duress pin. Um, which I have, I have actually done before on cold cards. And that's why you secure your backups for you. Secure your backup. Well, so this is related to the next one, the next story. Um, which is a court ruled that, uh, the border patrol can manually search phones at border with no suspicion required. Um, so we've long talked about on the show that without not legal advice, but you should operate under the assumption that you have absolutely no rights when crossing borders, American or otherwise. Um, and you should prepare yourself in that situation to operate under the assumption that at any point, um, you will absolutely get completely abused at a border and everything ransacked. Um, but to the earlier point, this is a little bit different, right? Um, if, if the device is encrypted, uh, CBP is encrypted. The border patrol could not, they have the, they have the, the ability to try to get into the phone, but it doesn't necessarily mean they can technically be able to. And, um, your fourth amendment rights say that you don't have to give them the pin or the password in that situation. Be aware of freaks, be aware. But this one's pretty troubling. Yes. Moving on. Trump targets Brazil's PIX payment system while dollar stable coins dominate local crypto volumes coming from CoinDesk, which is saying that Washington views Brazil's promotion of non-dollar payment channels, including PIX and the growth of stable coins as a potential threat to dollar based trade. Even as dollar link stable coins account for about 90% of Brazil's crypto transactions. I'm really trying to bring down the hammer here. And impose a 25% tariff from most Brazilian goods on July 22nd. So that was yesterday. It's first tariff under a section 301 strategy, the Trump administration revived after the Supreme Court struck down its earlier import taxes. The case marks the first time Washington has used section 301, the trade authority traditionally deployed against issues such as intellectual property theft, subsidies and market access to target a country's domestic payment system. Today's action is necessary to address the unfair trade practices to ensure American workers and companies can compete on a level playing field. So that best start Jamison Greer in a statement. How's PIX? Yeah, you can think of... Yeah, go on. I was gonna say how's PIX actually doing that. Well, you can think of PIX like M-Pesa in Brazil. Or like people using PIX to run around... I mean, I haven't looked into it, but I assume... Men's taxes or something like that? Like why are we meddling in the PIX system? If it's... I assume... I assume Trump has an axe to grind with the Brazilian government. With Lula. And he's going after whoever he can go after that would exact, you know, the most harm to their economy. And it's... And that is probably the reasoning, whether or not they say that's the reasoning. Yeah. Be aware. Last on the list, we have France ordering ISPs to block access to polymarket. If you all recall, there was a French trader who made a ton of money betting on... He was the number one Trump trader, right? Yeah. Betting on the 2024 election. So Paris, this came out July 20... Or excuse me, 17th. France has blocked access to polymarket betting websites. The country's gambling regulator said on Friday, citing concerns it could expose users to significant gambling losses and that some wagers offered on the platform could be manipulated. France explicitly calling polymarket a gambling site, not a prediction market. I mean, they're not completely wrong. But it should be interesting to see how this all plays out. I mean, I expect... It goes with the theme of just less freedom on the internet, right? Yeah. I think since this article came out, this was Friday, right? I think polymarket said that they're suing or some kind of legal means to fight the French on this one. Which is also notable. We're going to fight the French. Macron, we're coming for that ass there. Did you see Chamaths? He's saying like, Bitcoin's got headwinds. Everybody's going to prediction market instead of buying Bitcoin. And he specifically called out SpaceX, right? He said everyone's just buying SpaceX instead of Bitcoin. There's a lot of bottom indicators out there, but... Yeah. Look, go to TFTC. I'm trying to call bottom. Stamble and StackSide's about it. Yeah. Speaking of... I mean, it seems like institutional money is beginning to do that. Pull up TFTC. Scroll down the homepage. We have an ETF tracker now. I thought it was interesting. Click that. Seven days. Seven days of inflows. We can zoom out on the chart. I could like the year. You can see, it seems like we've had like a... If you're looking at ETFs as a leading indicator of institutional interest in Bitcoin. It does look like things may be turning for the better now. If you're just looking at this chart, I was looking at it earlier. It's like a... Maybe an interesting data point to Circus. Did you see oil price is back at $100? Is it already? I thought it was... That's the... Well, I'm talking about... Brent. Yeah, not WTI. But I think Brent is more interesting to track in terms of Iran, because it obviously is more affected by it. And it was like a week ago in the high 70s. And now it's up over $20. Yeah, and WTI is up 90. It looks like $100.53 right now. Brent. Yeah. You know, WTI gets dragged up because it's mostly a free market. But... Yeah. We're back on the menu. Yemen, the Houthis attacking Saudi Arabia from the other side of that peninsula. It kind of feels like they just took like... Let's just take a little break to IPO SpaceX. Continue. Yeah. I saw... This one is crazy. How interesting that it's been removed. The land invasion market in Iran by end of 2027 was up a lot on Polymarket. Invade Iran. Let's see. Will the US invade Iran before 2027? It's at 30% chance. It's also tiresome. 46 million dollars worth of volume on that market. So it's a very liquid market. That's not that liquid. I mean, it is for Polymarket. Yeah. I mean, you gotta like put USDC on Polygon to bet on it. Yeah. Oh, I'm being reminded that we skipped over the Chicago Bitcoin collective boost on Fountain on RHR. It wasn't showing up on... Oh, I did. 21,112 sats. Palindrome boost. Join us at CBC for our first Value for Value Chicago Summit September 14th and 15th. A Value for Value experience featuring food by Chef Foyze from At Fork & Coin. This is what he was referencing. A Bitcoin bodega, Freedom Tech workshops, and a live concert at Avondale Music Hall. Headlined by... Oh, there's more here. Headlined by... Scardust official and Noah Grumman. Scardust, your girl. Let's build our Bitcoin community together. Go to chicagobitcoincollective.com and use code RHR for 21% discount off ticks. And another 10% off if you pay in Bitcoin. Use real Bitcoin. Not that big shit. Love it. Great advice. I'm glad we found that boost. We found it. That's all, man. Shout out to John Gordon for hitting me up on Signal. Ba-ba-ba-ba-bam, ba-ba-ba-bam, ba-ba-ba-bam, ba-ba-ba-bam. That's it for the list, isn't it? Yes, sir. Great rep. I gotta go fishing with the boys. Wish me luck. I'm hoping I don't get hooked that I don't hook anybody. Love it. I got a family road trip this weekend I'm pretty excited about. Hell yeah. So I gotta actually start packing up the truck for that right after this. Well, you enjoy your road trip. I'll enjoy the fishing. We'll be back next week. Love it. Love your freaks. Stample Stack sets. Peace of love. The King.