The Bitcoin Brief is a show hosted by Max and Bitcoin QnA. We cover important updates in the world of bitcoin and open source software. It is our imperative to provide some education along the way too, so that the misfits can expand their knowledge base and become more sovereign as a result.
We do this every second week to keep our listeners informed without having to dedicate hours every day to keep on top of developments. We break things down in a simple and fun way and we welcome questions or topic suggestions via Podcasting 2.0 boosts.
SHOW DETAILS
AOB
NEWS
UPDATES/RELEASES
GITHUB REPO THAT Q MENTIONED IN REGARDS TO DOJO:
https://github.com/Dojo-Open-Source-Project/samourai-dojo
SUPPORT PAVEL'S (DOJOCODER) WORK ON DOJO
https://x.com/PavelTheCoder/status/1844094610341261523
SPONSORS
We do this every second week to keep our listeners informed without having to dedicate hours every day to keep on top of developments. We break things down in a simple and fun way and we welcome questions or topic suggestions via Podcasting 2.0 boosts.
SHOW DETAILS
AOB
- Max start9 not ded?
- Q treats himself
- Telegram scam reminder
NEWS
UPDATES/RELEASES
- Passport v2.3.5
- Bitcoin core v0.28
- Zeus v0.9.1 main release
- Phoenix Android v2.4.1
- Phoenix v2.4.0 (both)
- Stack Duo v1.2.3
- BitAxe v2.3.0
- Cake Pay Web now supports LN
- Lightning welder
GITHUB REPO THAT Q MENTIONED IN REGARDS TO DOJO:
https://github.com/Dojo-Open-Source-Project/samourai-dojo
SUPPORT PAVEL'S (DOJOCODER) WORK ON DOJO
https://x.com/PavelTheCoder/status/1844094610341261523
IMPORTANT LINKS
SPONSORS
FOUNDATION
https://foundation.xyz/ungovernable
Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.
As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil”.
Thank you Foundation Devices for sponsoring the show!
Use code: Ungovernable for $10 off of your purchase
CAKE WALLET
https://cakewallet.com
Cake Wallet is an open-source, non-custodial wallet available on Android, iOS, macOS, and Linux.
Features:
- Built-in Exchange: Swap easily between Bitcoin and Monero.
- User-Friendly: Simple interface for all users.
Monero Users:
- Batch Transactions: Send multiple payments at once.
- Faster Syncing: Optimized syncing via specified restore heights
- Proxy Support: Enhance privacy with proxy node options.
Bitcoin Users:
- Coin Control: Manage your transactions effectively.
- Silent Payments: Static bitcoin addresses
- Batch Transactions: Streamline your payment process.
Thank you Cake Wallet for sponsoring the show!
VALUE FOR VALUE
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(00:00:57) THANK YOU FOUNDATION
(00:01:53) THANK YOU CAKE WALLET
(00:03:06) Don't Skip Leg Day
(00:20:19) Look Out for Telegram Scams!
(00:24:31) NEWS
(00:24:33) Craig Wright's NEW Lawsuit
(00:28:51) TD Pays a 3 Billion Dollar Fine
(00:47:18) Node Recommendations to Bill
(00:53:00) UPDATES & RELEASES
(00:53:05) PASSPORT Does Some House Cleaning
(00:56:46) CORE Adds Testnet 4
(00:57:48) ZEUS Adds Blinded BOLT 11 Paths
(00:58:34) PHOENIX Patches an On-The-Fly Funding Bug
(00:58:51) PHOENIX Integrates Their ACINQ LSP Protocol
(01:00:03) Stack Wallet Fine Tunes Duo in v1.2.3
(01:00:35) FROST Bounty Freezes Over
(01:02:14) BITAXE Firmware Upgrade v2.3.0
(01:02:57) CakePay Web Supports LN
(01:04:38) Woah...Lightning Welder
(01:06:10) QUESTIONS
(01:06:18) Upgrading a Dojo to 2TB
(01:07:38) Have You Covered Joinstr?
(01:10:02) "Mixing Coins" Best Practices
(01:16:05) The Future of "Decentralized Mining"
(01:16:27) Any Privacy Problems With AlbyHub?
(01:19:50) Does Q Record Naked?
(01:21:21) I Need a Node for Ashigaru!
(01:23:02) Coin Consolidations
[00:00:04]
Unknown:
Bitcoin is close to becoming worthless. Bitcoin. Now what's the Bitcoin? Bitcoin's like rat poison.
[00:00:20] Unknown:
Yeah.
[00:00:22] Unknown:
Oh. The greatest scam in history. Let's get it. Bitcoin will go to fucking 0.
[00:00:42] Unknown:
Welcome back to The Bitcoin Brief, the show where me and q and a catch up every 2 weeks to talk about Bitcoin, privacy, open source, keeping your Bitcoin secure, and the news and software updates that matter. I just wanted say a massive thank you to everyone who's been supporting Ungovernable Misfits and a big thank you to Foundation Devices for supporting the show. If you haven't already checked them out, go to foundation.x, xyz. They make the best hardware in the space. It's the best build quality. It's fully open source. They have an incredible team, and the UX is piss easy.
They make cypherpunk tools for fuck quits, and anyone can use this, even me. If you have any questions or you want to reach out, feel free, and I'll be happy to go through things with you. For anything super technical, I'll pass you on to q. If you wanna buy one of these incredible passports, use the code Ungovernable. It will get you a discount, and it will let them know that I'm shilling. I'd also like to say a huge thank you to the K Wallet team. Not only are they supporting this show, but they're also bringing out some incredible features. For those of you who actually use Bitcoin and actually care about their privacy and security, Cake Wallet make it incredibly simple for you to live outside of the traditional financial system. You can use Cake Pay within the app to buy gift cards for food, petrol, and whatever else you might need day to day.
You can use silent payments, and, of course, you can use Monero. You can connect both Bitcoin and Monero nodes, use coin control, and this team are constantly innovating. I'm really looking forward to getting Seth and some of the other team members back on the show soon, and I'm really excited to be working with them. If you have any questions, you can reach out to me, but check them out at cakewallet.com. Download the APK or start using this today on Mac, Windows, Linux, iPhone, or, of course, your Android device. Enjoy the show.
[00:03:06] Unknown:
Morning, mate. How are you doing? Good morning. I'm doing well. I am not sick, although I believe you're still, suffering a little bit, mate. Snuffling away.
[00:03:16] Unknown:
A disgusting excuse for a human being. Never quite properly sick and never fully alive. Just like a little golem or something.
[00:03:24] Unknown:
Oh, dear. Has it been, affecting your gym routine as well? No. Not really. I was talking to smashing out the gym.
[00:03:30] Unknown:
My man. Absolute unit. Still, calves are,
[00:03:33] Unknown:
inferior, but the rest of me is doing alright. It's funny you mentioned my calves, and this might come as a bit of a shock to some some listeners given our recent focus on my calves in recent shows. I actually trained legs for the first time last Friday, and it was the first time since end of May. Wow. I have been registered disabled over the weekend because I literally cannot fucking walk. Why? It is the worst leg doms I've ever had in my entire life. It wasn't even it wasn't even a big session. Right? But, like, you know, normally it takes probably, you know, a day and a half to 2 days before you really, you know, start to feel the the light kicks off and saying. Yeah. This was the same day I got into bed. I was like, I am gonna be absolutely destroyed in the morning.
And, yep, I could barely get out of bed. I've been walking around, like, I don't know what. It's been a pretty painful couple of days. So Wow. Lesson learned, don't skip leg day. It was for good reason. I've been riding my bike a lot, for the summer, making the most of That's leg day. The 2 yeah. Exactly. So it's not like I haven't trained them, but it's a very different training type of stimulus than, you know, heavy squats and stuff. And, boy, did I feel it.
[00:04:53] Unknown:
I never really get in the squat racks and stuff, to be honest with you, because it's just always there's 3 squat racks in my gym, and there's always either 1 or 2 power lifters who just, like, take up the fucking racks the whole day, and they're, like, in groups. I don't really wanna fuck with them because they're, like, the size of fucking rhinos, or it's like the gymfluencer, gym girls who, like, wear yoga pants where you can literally see what they ate for breakfast and, like, filming themselves. Yeah. I got the tripod set up behind them. And I'm like, I also don't wanna even speak to them because I'm gonna be, like, labeled a perv for, like, even fucking walking over there. So I'm just like, fine. I'll just use the machines.
[00:05:36] Unknown:
That's me. They are good fun. They, one of my favorite exercises. Got a love hate relationship with it, but, it is pretty good. You gotta be very careful. Like, it's it's very, very easy to to injure yourself and stuff. But Yeah. That's the other thing.
[00:05:50] Unknown:
Everything you just said just reminded me why I do not miss going to commercial gyms at all. Oh, mate. It's so annoying. At least now, I'm like at quite a posh gym now. But the last gym that I went to was, like, in the roughest, shittest part of the city that I'm in, in, like, the worst the worst place. Because I would either train late at night or, like, in the middle of the day. You just it was just full of, like, road man, little scum, just like all on their phones and just like you just know they're just all looking for an argument all the time. You're just like constantly on edge in there. At least now, like, I don't really have those problems, so I'm moving up in the world. Glad to hear it, mate. Glad to hear it.
[00:06:32] Unknown:
The question on everybody's lips, mate, what's going on with your start 9? We we left the, our last recording 2 weeks ago with it being broken. You sounding somewhat despondent, and it sounded like you're about to give up. So what's the latest?
[00:06:48] Unknown:
Yeah. People have been waiting with basic breath. Well, as per usual, mate, it was you who fixed it after how many I mean, like, maybe 6, 7 hours of fucking around on different groups and reading through different articles and jumping into the start line groups and asking people and DMs and everything else, it was you. Just before you say, yeah. Just a quick recap. It was you were trying to upgrade your drive from 1 terabyte to 2 terabyte, wasn't it? Yes. So took the laptop apart, put in the new NVMe, kept the old one separate.
People who wanna listen to the whole boring story can go back to the last episode and not gonna repeat myself. But in the end, I couldn't transfer the data, the original data across to the new NVMe. Time after time after time, it was failing. In the end, after many hours, it was said, well, just go and get a new NVMe case. Order a new one and try that. And there was no recommended list of which ones to try. It was just like, just fucking keep trying them or buying them. And and I was like, oh, this is so stupid. And I tried it in all the blue ports on the laptop that I had and the lightning port and all the different stuff, and nothing was working. And everyone kept saying, oh, are you are you sure you're doing it with the blue port, the blue USB? Because that's the faster one. Are you sure you're using that? Yeah. Yeah. I've tried all of them. Every fucking one. Over and over. And then I'm speaking to Q, and he's like, why don't you just try the the non blue one, the slow one, because that might just work. I was like, why? And he's like, well, it might do because it's whatever. I don't know. Some fucking robot reason. I think it's something to do with it draws less power, but, again, I'm I'm just guessing there. That was the one. Anyway, tried it. Works first time. Straight. Well, I was just like, how have I just wasted, like, like, a day fucking doing this on repeat? And I just didn't. I tried every other port.
I even plugged in a separate, like, what do you call them? Like, an extension thing that gives you more different USBs. I tried, like, everything other than that thing. He was like, yeah. Why don't you just try that? Did it? It worked. So it was a bit slower. It took, I don't know. I can't even remember, like, half a day to transfer everything over. Got it up and running. Downloaded a Monero node onto that. That took, like, 2 days. It went to, like, 80 or 90% within, like, I don't know, a half a day. And then it took, like, another day and a half to do the rest. Got that all running and then linked that to my new cake wallet. All works beautifully.
No issues. Very happy. So thank you, mate, for, as usual, helping this retard continue his, cypherpunk journey.
[00:09:42] Unknown:
So, again, just to recap, I don't fully know why that fixed it. The reason I knew that it would be worthwhile suggestion is mainly from years of dicking about with Raspberry Pis and different hard drives and them falling out of sync and not being registered and things like that. Like, the first thing I always used to do was just switch the USB port, and it would have, like, a 50% hit rate. So this sounded like it could be a similar sort of issue. And lo and behold, it is. I mean, the bit that's quite peculiar to me is that we're not talking about a Raspberry Pi here. We're talking about your Star Labs laptop, which is Yeah. Very high spec. Yeah. High spec with a proper power supply. Like, it's not a little toy computer. No. But it worked, and I guess that's all we need to know really. Yeah. Well, just in case it helps someone else as well because Yeah. Absolutely. I had seen other people who had had similar issues in the chat that didn't seem like they would necessarily resolved.
[00:10:37] Unknown:
And, yeah, for that simple fix, for all the grief that it gives you, it's well worth doing. And the other just one little tip I would give to people is, if you are gonna do it, just for peace of mind, especially if you've got a decent amount in your lightning channels, just fucking drain them first. That's actually what I did before when I set it up again, before doing the transfer, I actually just drained everything out. And then before changing everything over, I just I'm not making sense. What I did queue is I plugged in the old NVMe, and then I just started it up running it from the NVMe that was plugged in rather than the NVMe that was actually in the laptop. Does that make sense? Like running a live version, not transferring it. Yeah. So because I saw that works, I was like, oh, fucking hell. Okay. And because I had, like, 2,000,000 sats on there in my lightning channels. I was like, I am not losing this.
So I jumped onto my, Zeus wallet and then just drained it out, bought some gift cards, sent some all over the place, did what I needed to do, drained it all, and then I did the transfer. Because I was like, I'm I I was shitting myself for, like, 2 days thinking, oh my god. I'm gonna fucking lose this. So maybe before you do a transfer, don't have, money that really makes a difference to you on there. Yeah. Did you close the channels or just drain all the funds out? No. No. I just drained all the funds out, and then and then I did a what was that, swap? Bolt stock exchange. Bolt. Yeah. Then I did a Bolt's from a post mix into there and then rebalanced it. So the channels were fine when you put the new drive in and it all got synced up again. Yeah? It was all fine. And stuff, and you just topped them back up. It all worked. I just I just did it as like, oh, I've just gone through all this drama, and I was so so scared. I'm just gonna make sure.
[00:12:23] Unknown:
Nice. Okay. Well, now I know that it works. I, I'm looking at my 2 terabyte NVMe on my desk. I'm gonna do that this week.
[00:12:32] Unknown:
Well, thank you, mate. I appreciate, your advice there. My pleasure.
[00:12:37] Unknown:
I, have treated myself last week. Would you like to know what I treated myself to? New set of legs? Nope. Oh, that would have been required this weekend. That would have been nice. Yeah. I, have treated myself to a new Pixel. Google Pixel, that is. Oh, I knew you would. I should have known that because you kept telling me about it. Yeah. I've been mulling it over for months or since yeah. I've bought a Pixel 9 and I've been mulling it over since it since this was released in I think they announced it early September, something like that. Previously, it was running a 6 a Mhmm. Which was starting to show the signs of daily abuse, if I'm being honest. Like, luckily, I work from home with, you know, my own office, and I can have it plugged in almost constantly if I need to. Yeah. The battery wasn't great. Multitasking or switching between apps was just getting a bit painful.
Regular freeze ups, switching between different profiles was very painful. That took quite some time. So, yeah, it was it was time. So I was I was gonna get the 8, and I went into the phone shop, and I got suckered in by the marketing and went for the 9 instead. Treat yourself. Yeah. It well, it worked out like it was like an extra £3 a month. So I was like, do you know what? I can, like, just not have a coffee at a coffee shop once a month and have the better phone. Yeah. That's true. When you look at things broken down by week or by month, it's very easy to spend that extra money, isn't it? Quickly let it run away from you. Absolutely. Absolutely.
The difference oh my god. It's night and day. Like, so snappy moving through menus and stuff. Like, to be expected, of course. Like, it's a flagship phone. It's brand new, and my old one was, like, 4 or 5 years old. The biggest things I've noticed other than the speed of it is it's got the 120 hertz screen rate. So, like, when you're, like, quickly scrolling through, I don't know, Twitter or your app list or something like that, it's buttery smooth. Whereas my old one was like, you'd flick your thumb and it'd be like, oh, hang on. Let me just think about what I need to do. Oh, okay. You wanna scroll down? Okay. Great. Let's go. This one just both really smooth. Switching profiles is is super fast. Like, it's yeah. It's a big step up. And the camera, wow. The camera's just incredible.
Even with running graphene and all that? Even with running graphene. Yeah. Obviously, I failed to mention that. But, of course, as soon as I got home, I I flashed the Graphene straight on there. I'm using the Google camera with all the bells and whistles, but with network access switched off and stuff. So you can get the you can leverage all the quality bits, you know, without having to backdoor it with all the AI stuff if you don't want to. Is there gonna be a little q and a guide on this or not? Too busy? Got a graphing guide. It's up. No. But, like, is it any different now with a 9 than with 3 or whatever it would have been? You just The same the same place. Yeah. Okay. I've done it quite a few times now using the Web Flasher to install Graphene. And every time I do it, I'm I'm just reminded by how far we've come and how simple it is compared to how bad it used to be. Like, the whole thing, including, like, all of the loading screens and everything like that was, like, less than 10 minutes. I think if I had timed it, it'd probably be, like, 6 minutes or something like that. It's
[00:15:50] Unknown:
really good. The last one, when I did mine on a Pixel 3 or 3 a or whatever it was, took me from Friday afternoon until Monday afternoon. Wow. And a bottle and a half of whiskey and close to tears and everything else. And I ended up doing it with a Chinese tutorial. I was then, like, trying to get that into English, and I was it was fucking mental. So it's good to good to hear it's come a long way. I think I might actually be tempted to do the same because at the moment, I'm in a situation where I'm stupid. I've got 1, 2, 3, 4. I've got 5 phones that I'm running, and it's like, it doesn't make any sense. And it's like so sometimes I'm like, oh, I've sent that on Telegram. Oh, yeah. But, no, that account isn't linked to that one. Oh, no. Simplex. But, no, that's, no, that's from the Pixel.
That's a different one. And everything's, like, scattered everywhere, and it's fucking horrible. And I'm still running an iPhone for some bits just because I actually hate in all honesty, I hate my Pixel 6. I fucking hate using it. Typing on it is horrendous. I know people have suggested, like, you can download to Google. Yep. Yeah. That's it. The g board, which I haven't done in all fairness. But I just find it horrible to use. Like, it's fine just to send transactions and do the odd little bit or PGP or do whatever little bits I gotta do. But as a daily phone, it's disgusting.
I am slightly tempted to just fuck them all off, sell them all, and, like, just dive in and get just one device.
[00:17:30] Unknown:
Yeah. I'm I'm very much not about that multi phone life. That's so shit. This Pixel, it runs the sandbox Google Play services, and I'm fine with the trade offs. It's got my work apps on. It's got my banking apps on. Just like, I just need so much of a mobile device and the thought of having to carry multiple of them, it's just it's never gonna happen. So I'm just happy to make the trade offs and, you know, have the the play services to to get by notifications and stuff like that. And sometimes you just gotta find a happy medium and make it work for you, I guess.
[00:18:00] Unknown:
If you have, like, Envoy on your phone, if you're carrying that around and you have Envoy where you're using it to interact with your hardware, do you not have any concerns about, like, something happening where someone gets hold of that and then they can see balances? I know they can't spend unless it's in the hot wallet, but I feel like I don't necessarily wanna be carrying that around
[00:18:26] Unknown:
because in case that data leaks, is that an unreasonable thing? I wouldn't say it was unreasonable, and you can mitigate it by just keeping those sensitive apps in a secondary profile behind a different pin. So if, you know, you have your day to day kind of profile, the default profile, and somebody snatches your phone out of your hands while you're walking down the street and it's unlocked, then they don't get to see all of the stuff on the other profiles. Or if they snatch it in an unlocked one and then try to cave your head in or threaten to cave your head in and force you to, you know, face ID or or fingerprint or enter your pin to get to the main profile. Then again, they still don't see that sort of stuff. I'm not saying it's foolproof. You know, if they know these profiles exist, they can go looking for them and then straighten you further to unlock them. But it just puts them that far out of sight that it protects you against most kind of trivial sorts of theoretical attacks. So you'd be in your normal
[00:19:21] Unknown:
profile that you live your life in with your banking apps and all your shit that you need.
[00:19:25] Unknown:
And then there's just a way to go to a separate section and you type in a separate PIN. Yeah. Just just set up a secondary profile. You can have this well, I I don't I'm not sure on the the the upper limit on how many you can have, but you can have multiple profiles on on Android and Graphene. Set them off each behind their own different pins, and you can segregate which apps you want to be when. You can have, like, play services disabled on the different profiles and stuff. Like, it's not like a device wide thing. So you can very much sandbox. Graphene does a wonderful job of sandboxing everything anyway within a within a singular profile. But if you wanna take it to the next level and segregate them out between profiles, which are kind of like phones within phone sort, then you can do that as well, and they can be protected by different pins and stuff.
[00:20:11] Unknown:
I might be tempted. It's Christmas coming up, isn't it?
[00:20:14] Unknown:
Yeah. It's, what I highly recommend. Very, very performant phone. Okay. Final bit of AOB for me is another reminder for people because I saw another Telegram scam happen over the weekend where somebody lost a significant amount of funds by giving their private keys to an impersonator of an admin in a Telegram group that I'm a part of. Obviously, a heartbreaking story, one that never gets any easier to hear about even though it happens as frequently as it does. But just once again, another PSA that if you need support with your hardware wallet, your Bitcoin wallet, or anything Bitcoin related, go straight to the manufacturer or the project or whatever is their official support channels.
If you ask for support in a community Telegram room, expect that you're gonna get loads of DMs from people who appear to be the admins of the Telegram group. They are not those people. They are impersonators, and their sole purpose in life is to sit there and wait for people like you to ask for support and then to pop into their DMs separately and say, hey. I can see you that you need support, and then they'll socially engineer you with the end goal of saying that they're gonna help you. And then generally speaking, what they'll do is they'll send you a link to a website that asks you to enter your seed words. And as soon as they've got those seed words, they send all of your funds to a wallet that they control, and you have zero recourse.
This may seem obvious, and most people listening to this will probably already be in Telegram and will be familiar with this. But if you are that type of person, then just take it upon yourself to make sure that as you're introducing people to this ecosystem, that you're telling those newcomers to remain extremely vigilant. Telegram is just a shit show of scammers. Go direct to the to the manufacturers, the project owner via email or whatever official channels they have available. If you must ask in a community Telegram room, just expect that you're gonna get loads of malicious DMs, and you should treat everything with extreme, extreme caution.
[00:22:19] Unknown:
Yeah. And especially now that we're getting quite a few more newer listeners. If you are sort of newer to Bitcoin and you're listening to the show, then if for any reason you're locked out of a wallet, which has got your seed words in it and you're getting worried, at the end of the day, as long as only you have those seed words, your funds are safe. You might not be able to access things right now, but they're safe. And, like, from personal experience, early days, the panic is real. You we haven't used it a lot. You're like, oh my god. Oh, you know, could I lose it? What's happening? And when you're panicked, you make mistakes. And that's when you jump into a Telegram room. These predators are just gonna jump on you and and take your Bitcoin. So if you are getting DM ed, at very least, reach out to a couple of other trusted people and just say, like, is this a legit channel? Like, what's happening?
And, obviously, do not ever, ever, ever give your seed words to anyone ever for any reason ever. You don't need to. There's never a case where you have to do that. You can reach out to me or q or something if you're in a real panic and you're not sure what's happening, but do not give them over. Yeah. I would kind of push back against what you just said,
[00:23:30] Unknown:
about reaching out to us just because they might get the wrong person that isn't us,
[00:23:35] Unknown:
because we both have impersonators on Telegram. No. I don't have one yet, mate. Really? No. No. I'm not big time.
[00:23:41] Unknown:
Yeah. I would just say just go direct to the project owner, to the manufacturers.
[00:23:45] Unknown:
Just go on their website. They'll have a support point. Just go there. Yes. It might take a little bit longer to get for you to get a response, but you know that your response is gonna come from a legitimate source that isn't gonna try and steal all of your shit. Yeah. When I said reach out, what I mean is, like, if you're not sure about something, you can reach out to a few people, like trusted people. What I meant by that is, like, you know, if you're reaching out to you think is the real me on Twitter or Telegram and you think is the real Q, you think is the real, you know, whoever, someone that you listen to and trust, you're less likely if you reach out to a few more people. There's more points of contact in the real world that someone's more likely to say, like, no. No. Fucking don't do that. That's what I meant. Yep. Makes sense. Stay vigilant, people. Otherwise, this shit's just never gonna stop. No. Okay. Couple of news items.
[00:24:34] Unknown:
Our good old friend, mister Craig Wright, is not done with his lawsuits just yet. What a guy. He has filed a £911,000,000,000 lawsuit.
[00:24:48] Unknown:
Amazing.
[00:24:49] Unknown:
£911,000,000,000 against Bitcoin Core and Square without legal representation. So I think he's going this alone, which
[00:24:58] Unknown:
Amazing.
[00:24:58] Unknown:
Shouldn't surprise me for this individual, but somehow it does. Australian computer scientist Craig Wright has filed a 911,000,000,000. Oh, and 50,000,000 there's 50,000,000 on top of it as well. Okay. Yeah. Lawsuit against Bitcoin Core and Square Up Europe, Jack Dorsey Company. According to Wright, the legal action concerns issues related to the integrity of Bitcoin's design rather than the question of its creator's identity, which as we know has been the final nail has been driven firmly into that coffin. Wright specified that the focus of his lawsuit is not on Nakamoto's identity, but on the assertion that Bitcoin Core has failed to adhere to the design principles originally established for Bitcoin.
According to Wright, Bitcoin was meant to function as electronic money for microtransactions without the mediation of central entities, And he has requested that Bitcoin Core demonstrate compliance with these original principles. It's so good.
[00:25:57] Unknown:
Wow. What I love when I hear that story is I've got one friend who is such a fucking artist and what he loves more than anything to wind down from his work, which is quite stressful, is to watch retarded stuff and just laugh at it. His favorite thing is watching the Craig Wright stuff. He loves to watch, like, him give these speeches and tie himself in knots and give these amazing excuses and stuff. And I'm very happy that he's gonna have some more material to watch and entertain him. So that's that's one part of it. And the other part that I really enjoy is that there are gonna be a core group of BSV enjoyers, the super fucking retarded people sat in their mom's basements who are gonna be rubbing their hands with glee to king, oh, we're finally gonna get them.
[00:26:47] Unknown:
And that's for the summer. Is different. Yeah. So I was about to pose the question of how on earth did you come up with the figure £911,050,000,000,000. But it's in the claim form. Apparently, you have to state this. So estimated value of the claim, £911,000,000 £50,000,000. This is based on the difference in market valuation between Bitcoin, BSV, at £50 per unit, and BTC at £46,000 per unit, reflecting the financial impact of misrepresentation and resulting market loss. The financial impact of misrepresentation and resulting market loss.
[00:27:27] Unknown:
So good, isn't it? Wonderful. They are gonna be rubbing their little greasy hands, their Cheeto covered greasy hands.
[00:27:37] Unknown:
I I don't understand why or how Square Europe is involved in this. It's all very strange. And again, I shouldn't be surprised by how strange all of this is, but again, I am. I guess when you're backed into a corner and you lose time after time after time, then I guess you have to come up with
[00:27:58] Unknown:
more and more weird and wonderful shit to try and get your point across. I thought, well, I think he's he's, like, hiding out somewhere in Asia in some, like, closet somewhere making little videos and stuff. And I suppose, like, when you're sat there in the dark alone and you've fallen from grace, you might just think, do you know what? This is a good idea. This is a great idea. This is what I'm gonna do. And then you go through with it, and that's what we're gonna see. We're gonna see it play out. That's gonna be reentertaining.
[00:28:29] Unknown:
It does really drive home the importance of having people around you that aren't afraid to tell you that you are crazy fucking lunatic and you should not do a certain idea.
[00:28:39] Unknown:
Yeah. I'm lucky. I get reined in by you and John quite often. Don't do that, mate. That's too far. That's too much. You need it. Indeed.
[00:28:51] Unknown:
Okay. The next news item we have is did you hear about TD Bank paying a, quote, historic fine for drugs, bribes, human trafficking, and money laundering? Normally, I wouldn't bring this sort of stuff up, but I wanted to raise it and talk about it and then draw some, or or highlight the nonparallel. Yes. The nonparallel between this and the samurai.
[00:29:20] Unknown:
Sorry, mate. I just, I meant to mute myself, and I muted you. You need to unmute. Oh, I just muted you again. You need to unmute yourself. I'm back. Sorry, mate. That was so rude. I meant to mute myself because there's a lot of noise going on in my house. I didn't know you could mute, because you're the host, I guess. Yeah. Yeah. Yeah. I'm the big daddy. I can I can do that?
[00:29:40] Unknown:
Last week, TD Bank agreed to pay over 3,000,000,000 in penalties in a plea deal with the US government for bank secrecy act violations, making TD Bank the 1st US bank in history to plead guilty to conspiracy, to commit money laundering, and the largest US bank plead guilty to violations of the Bank Secrecy Act, according to a release from the USDOJ. So it turns out that if you violate the Bank Secrecy Act and you commit money laundering or conspiracy to commit money laundering, and you have the right contacts, then you can get away with a slap on the wrist and 3,000,000,000 quid in fines, which it turns out is 1% of their revenue. Cost of doing business. You don't have to go to court. You don't have to have, law enforcement boot down your door, have all of your devices searched, have your family put through hell. You don't need to do all of that. All you need to do is be an official bank, and they say, yep. Just give us 1% of your revenue, and they'll be fine. Yeah. Yeah. Yeah. I mean, the thing is there is a difference here.
[00:30:44] Unknown:
These guys were involved in human trafficking. That's really enjoyed by the people who make these decisions. So they've gone, okay. Alright. You've done all of this money laundering. We're not a massive fan of money laundering, but you throw in some human trafficking there, and we love that. So we're gonna actually just fine you 1%. Don't worry about it. Whereas if you're making Freedom Tech and trying to protect people's privacy and trying to protect them from some real issues in life, but you don't throw in the human traffic and you don't do anything that's really dangerous and harms people, then you're gonna be in trouble. And I'm not suggesting that people throw that in if you're a developer making this kind of software. Just bear it in mind. Yeah. It could be your, get out of jail free card. Yeah. If you wanna read more about this,
[00:31:30] Unknown:
you can go to the rage.co. Lola leads has done a very good a very detailed write up about the the kind of details of of it. But I just wanted to to highlight the ridiculous injustice in what appears to be, you know, a very similar quote, unquote infringement of the US laws, should we say. Absolutely just ridiculous.
[00:31:52] Unknown:
I went off on a long rant. Well, as I was editing, I was like, oh, shut the fuck up. I'm sort of ranting, mate. But last time I went on a rant about just how crazy the world is with some of this stuff, you know, this really does highlight it. And linking to another story that, not really story, but there was a recent podcast with everyone's lord and savior, sailor, where he's saying I was gonna play the clip. I just couldn't be bothered to put it in. But he was saying basically it's like a load of, paranoid crypto anarchists who care about holding their own wealth and that they're only doing it to sell you hardware devices, and they're only doing it to sell passports, and it's completely unnecessary.
I I would just say to anyone who's stupid enough to believe his bullshit, also consider the fact that by taking your money away and out of the hands of custodians, you're also keeping your purchasing power and your energy away from these fucking disgusting pedophilic murderous cunts. And for nothing else, you should be considering it for that reason.
[00:32:58] Unknown:
Plus one to that. Couldn't have said it better myself.
[00:33:01] Unknown:
Okay. Let's hit some boosts. Late stage Huddl, 33,133 sats. It seemed I forgot to boost the last show. Sorry. Love you guys long time. We will forgive you, late stage Huddl. You are an avid supporter of the show. So thank you once again. Atdampshadoonef6. Great name. That sounds like a paid end, doesn't it? Dampshado. Dampshado. Yeah. It does. 12,500 sats. Keep up the good work, gents. 8 Mithrandir, 7,777 sats. I have not played with start 9. I'm still holding out for Catan's next node guide. That is a very good point, actually, Catan, if you're listening to this. Long time no speaking friend. I hope you're doing well. Also, we are long overdue. I think the last one was in 2022. So,
[00:33:47] Unknown:
pull your finger out, mate. I remember that. And he was I can remember him saying a Dell Optiplex. He kept talking about Dell Optiplexes.
[00:33:56] Unknown:
I'm sure, there's probably not that much change since the one he did in 2022. So it's probably still almost certainly relevant. He was doing it all from
[00:34:04] Unknown:
scratch, wasn't he? It was like Yes. In the command line, and you're pulling in core, and then you're pulling in all your different bits that you needed. Didn't you run 1? I did. And then
[00:34:16] Unknown:
all of the software needed updating and because you it's all installed individually, you have to update them all individually. And I like to be a lazy piece of shit and just click update in my node UI and just have it all done for me. So clearly, when you build it all yourself, you don't have that. And I just got lazy and didn't update all the software, and eventually it just fell over. Yeah. Fair enough. At Bon, 3,456 SATs. Respect for doing the due diligence and picking well aligned sponsors. When sharing various episodes of Ungovernable Misfits with people, I don't have to give the obligatory warning about those sponsors or ad reads. Okay. That's fine. Thank you, sir. We do try. At wartime, 3,333 sats. Whoop whoop. With cheers, beers. Chatef, 3,000 sats from PodFirst, no comment. FOMO Mattronic, 1,001 sats with a winky face.
Limon Schlonge. I think I've said that right. 1,000 sats from Breeze. Thank you. Pinkfox, 1,000 sats from Breeze. Again, no comment. He's expatriotic with 690 SATS from Podfest schooling me. Q and a. The 2 beers clinking is cheers, not beers. The 2 hands that look like they're either praying or giving a high five is praying or is bowing in Asia, depends on the context. And the chili is supposed to mean spicy, not chili. Okay. I think those were fair mistake for me to make. They're fair enough. He's very particular about things, especially when it comes to coffee.
[00:35:45] Unknown:
Extremely particular, but we appreciate you,
[00:35:48] Unknown:
righting our wrongs there, mate. Thank you. I have ex patriotic down as a latte man. I don't know why. Hopefully, you can prove me wrong.
[00:35:55] Unknown:
I can't remember that. All I know is that he goes into extreme detail about the way that you should or should not prepare your coffee.
[00:36:06] Unknown:
No. I just had a power cup.
[00:36:13] Unknown:
Not sure if I've lost you or if you're just dreaming of coffee. I think I've lost you. Oh, you can't. I'm gonna have to make a guide for q and a of how to use how to use a VPN, not go offline all the time. Ridiculous. Oh, he's properly offline now. No. He's right. Stay there. Power cut. Fuck. Stay there. This guy. I'm gonna make a coffee while he's fucking around.
[00:36:59] Unknown:
It appears that, I have been transported back to the middle ages, and my Internet sorry. My power just keeps going off. It's just gone off twice in the last 2 minutes, so apologies for dropping off. We I'm listening. Were talking about ex Patriotic being a coffee artist. We were. Yeah. I've never seen anything like it.
[00:37:20] Unknown:
Book suggestion.
[00:37:21] Unknown:
Book suggestions?
[00:37:22] Unknown:
Yeah. What was the one do you know what? He said the book, and I realized I actually had it. He suggested I've got it here. I was using it to prop up my screen. James Hoffman is who he suggests. And I actually have the book here because I quite like my coffee, and someone bought me this one Christmas or something. But it goes through, like, home roasting, how to do that, where the different beans come from, what temperature you should be having your water at, what type of water you boil with bottled water, not tap water, weighing the bean, the drip tech just like it's I mean, this is the book closing now, and that will be the last time it opens.
But but thank you to the kind person who bought it for me.
[00:38:11] Unknown:
Well, I take my hat off to the expert, Jacek. If you've got that much free time, I envy you. Yeah. Pies De Pleb, 420 SATS. Max, you need to put John onto JK and gigs. I'm an American, and I completely understand everything they talk about in grime music. But then again, I am a knucklehead who spent many years doing dirt in the streets of dirty Jersey. So laughing face. I can't believe he knows JK. That's so niche. That is very niche. Giggs, I can understand because he's done Yeah. Yeah. You know, some collabs with some big around Oh, Americans. Yeah. Yeah. JK is very niche, so I'm impressed by his. You would not ever normally hear someone
[00:38:49] Unknown:
from any other country
[00:38:51] Unknown:
know who he is. He's quite good though. I quite like him. And if you are an American and have no idea who or what we're talking about, go to Spotify and search JK, as in j a y k a e. Yeah. And, you're in for a treat. I do like a bit of grime in the gym. Yeah. I'm gonna say this one wrong again. I know you corrected me last week, and I'm gonna have to have you correct me again because I forgot what you said. Abel.
[00:39:16] Unknown:
Oh, it's a I b l e. ASIC instruction before leaving Earth.
[00:39:25] Unknown:
Boosted with 801 sats. Great episode. Congrats on the new sponsor, and god bless. They also boost the 2nd time with a 100 sats. So don't listen to a a ton of secular music these days, but when I did, there were some UK classics for sure. If you want to bring John over to your culture, I'd recommend Skinny Man Counselor State of Mind, Klashnikov, Sagas, or Plan B, Ill Manors. Ill Manors is a good album. Or even Hack Baker, It's an Easier Transition for American ears. I gotta admit, I've only ever heard of Plan B out of all of those. I've heard of skinny man, but not the others. Yeah. Plan b obviously, but not the others. Nice. Hack baker. I'll have a listen. Yeah. I'm gonna have to search those later. BTC onboard, 500 sats with 2 lightning bolt emojis. Jump spot Julian, 500 sats. 1st ever boost.
Question, can I have more than one wallet on my passport at the same time? Want to move KY seed stack onto the device, but don't want to combine the non KY seed stack. Love the show. Thanks for everything. Yeah. Absolutely. And there's 2 main well, there's actually 3 different ways that you could achieve this. I'll give you a high level, but reach out to me if you kind of want me to give you some more links and stuff where you can go and watch videos and things like this. But the 3 ways you can do it, number 1, you can just have sub accounts on Passport. That way you only have to manage one set of seed words. And then under that set of seed words and passphrase, if you choose to use a passphrase, you can have account number 0, the default one, and then account number 1 for your no KYC stuff. Account number 2 for your daughter's savings. Account number 3 for your, I don't know, your drug pile, whatever it is. BitPay85. Nice bit there, actually. It's it's not bit85, actually.
[00:41:05] Unknown:
Oh, for fuck's sake.
[00:41:08] Unknown:
I'll come in on to that in a minute. This is just the the Bitcoin subaccounts that, to be honest, most hardware wallets do support. We just, in my opinion, have the best implementation of it. To do that, all you should do is scroll when you're on the home screen, scroll to the right, and you'll see new account. You'll be asked for an account number and to give that a name. And then once you save it to the device, you'll then see that you've got 2 account kind of dots at the bottom of the screen. 1 will be the default primary account, and then one will be the one that you just added. You can rinse and repeat that process for as many accounts as you want. Most people just have 2 for the purpose as outlined in the question, KYC and no KYC. The beautiful part of this is different accounts have their own unique list of addresses, and the 2 accounts can never be spent from at the same time. So you can't merge the KYC and no KYC, like, if you're not paying attention or something like that. And you only have to worry about keeping one secret,
[00:41:59] Unknown:
your seed words. I never knew that was even a thing, mate. And I've used a passport a lot. Accounts are wonderful. That's smart because I've done it in terms of I have different accounts on there, but it's each one has different seed phrase 25th words. Mhmm. Because I was like, oh, well, if I do it that way, then it keeps things separate. But actually, I didn't need to do that. I could have just done these subaccounts.
[00:42:24] Unknown:
Yeah. Well, I've just said it's all wonderful, and it is. However, there's one thing it doesn't give you, which you did a lovely segue for me there, Max, is it doesn't provide you with as good plausible deniability. In that scenario, if somebody were to somehow grab hold of your passport and know your PIN to access the device, which is unlikely, let's be real. Yeah. They'd be able to see all of your subaccounts. So they'd know where to go and look to be able to access everything. They can see, oh, he's got a no KYC stack, and he's got a KYC stack, and he's got an account labeled this, and an account labeled that, blah blah blah. Like, it's all there visible on the screen. If you implemented the second way to do this, which is with passphrases, then you then gain that plausible deniability with some of the trade offs that you don't get with the first thing that I mentioned. Mhmm. So the second way you can do this is with passphrases. So you have the passport with its 12 or 24 word seed. You can use, let's say, the non passphrase protected wallet for your KYC stack, and you just spend from there as normal. Then you want to segregate your non KYC stuff. What you could do is on that very same device, once again, scroll to the right from the home screen and enter a passphrase.
When you enter the passphrase, you create a new wallet that is a combination of the passphrase plus your 12 or 24 word seed that lives on the device. Brand new wallet with, again, its own list of unique addresses that cannot be spent from you know, you can't merge the passphrase wallet and the non passphrase wallet funds in a single transaction. So it's difficult for you to merge them by mistake. This gives you great plausible deniability because the passphrase is never saved onto the device. So in the scenario again where somebody somehow grabs your passport, forces you to open it, all they then see and gain access to is the non passphrase wallet. If all of your No KYC stuff is in the passphrase protected wallet, there's no trace of there ever being a passphrase entered to that device ever. So you've got great plausible deniability in that scenario.
But you now have an extra piece of information that you need to keep safe so that you don't lose access to a portion of your funds. That is your passphrase. And if you're like Max and you have multiple passphrases for multiple different wallets, then you've got you're multiplying the amount of shit that you need to look after.
[00:44:38] Unknown:
Yeah. It can get very complicated very quickly. Like we're saying, 5 or 6 phones, multiple laptops, multiple passphrases, and accounts, and it's just it it you sometimes look at your life. You go, what the fuck am I doing? So there's probably a nice middle ground, something like BIP 85 and then having, like, a couple of passphrases on top of things and just using 1 or 2 devices rather than,
[00:45:04] Unknown:
going mental. Yeah. And and that again once again, perfect segue. Thank you, Mark, for option number 3, which is BIP 85, which within Passport is called our key manager. To enable this, you would head into the settings page, scroll down to extensions, and you'll see key manager in there. You just need to enable that, and then that will give you a new window on the main menu system within Passport called key manager, where you can go in and generate what we call child keys or child seeds. Here, what happens is we you know, we've covered bit 55 in-depth in previous shows, but a quick high level. You have your master seed backed up. You'd stamped it to steal. You've done your encrypted backups with Passport as well. You've got your backup. So it is great. You then decide that you have a need for extra wallets populated by extra seed words, But you don't wanna have to be able to back all of those up and have, like, Max has 10 different seed words in 10 different cities all over the UK. And I'm being facetious here, but you get the message that I'm trying to put across.
With Key Manager, you can do that in a deterministic fashion from your master seed phrase. So what you do, you go into the Key Manager, and you say, okay. I want a 12 word seed from path number 1. And it say, okay. Great. Using your master secret, if we apply path number 1 and the BIP 80 5 standard, here is your first child seed. That is a valid BIP 39 child seed in its own right that you can go and put wherever you want. You can go and put it into a another hardware wallet, a spiral wallet, cake wallet, envoy wallet, or you can temporarily load that onto your passport and just make it active for as long as you wanna use the device for that session. So you could use this key manager functionality in that way to segregate your KYC stack, your non KYC stack, and all of the other purposes that you have. Now rather than them being segregated at the account level, these are protected by their own set of seed words, which again has the has its pros and its cons. You, again, can't merge them in a single transaction. So if you're concerned about segregation, this is a great thing to or this will definitely achieve that for you. But it does add a bit of complexity. You've got to kind of understand how the key manager works, and there is small pieces of additional information that you have to back up. Like, if you generate 5 child keys, all you need to know is that you've generated 5 child keys and that you've used key numbers 1, 2, 3, 4, and 5. Now that's gonna be fairly easy if you are a sane human and you do 1, 2, 3, 4, 5. But if you like to come up with root golpert machines like Macs and you choose key number 4,372 and you don't back that up, you're gonna have a pretty bad time if you lose access to that child seat, then you then need to regenerate it using passport. That's kind of the whole point of this key manager. If you don't know that key number, then you're gonna have a long session of trial and error until you find the one that you're after. So use the same defaults. Just go 12345.
Give it a nice lovely key name. It's all backed up to your encrypted backups. It's a very, very powerful feature and could absolutely be applied to the scenario that Jumpspot Julian used. So loads of different ways you can use it or achieve this. It just depends on what you wanna back up, how much complexity you're comfortable with, and whether you want the additional plausible deniability of the the latter 2. Okay. Gnostic gang, a 100 sats. He said or she said fuck Twitter. Fishy stick, 100 sats, said fun show. Bitcoin HODL with a 100 sats. Bravo. Keep them coming, gents. Love listening. Glad you're doing more of these. We appreciate it very much. And that is it from Founting well, that is it for the podcasting 2.0 support, should I say. That covers all of them across Breeze, Podverse, and of course, Fountain. By the way, great episode with Oscar. Listened to that the other day if you're interested in Fountain and kind of the the rationale behind their move to Nosta, which I know ruffled some feathers.
Yeah. Worth a listen. Should we jump into
[00:48:50] Unknown:
XMR chat, or we wanna jump into some other bits first? Yeah. Let's do it. Okay. 1st XMR chat is from q and a truther. 0.065 XMR. Q and a has calf implants. The truth shall be told.
[00:49:09] Unknown:
Okay. Wow. Two points here.
[00:49:12] Unknown:
Number 1. Woah. Spicy.
[00:49:15] Unknown:
I still haven't worked out whether this is you, John, or Jordan.
[00:49:20] Unknown:
Okay.
[00:49:21] Unknown:
And number 2, absolutely not true. And if you actually saw my cars in real life, then you'd realize that we're just we are stretching the truth quite significantly here, and it was just a very good photo of my likes in Nashville.
[00:49:34] Unknown:
Thou doth protest too much.
[00:49:37] Unknown:
Perhaps. Yeah. Maybe I'm blowing my own brother.
[00:49:42] Unknown:
Well, q and a truther, thanks for, bringing this to our attention. We appreciate it. Private, 0.007 XMR, no message. Private again, 0.019 XMR, no message. Private again, 0.062 XMR with just 3 cigarettes. Bill Gates, 0.093 XMR. Great podcast. Almost as good as my billions. What's your recommendation for BTC nodes these days? How to install Dojo safely now that the repo is down? And do start 9 and Umbrel offer an only Bitcoin core and should thus be avoided? Thanks. Plus, stay safe and un Microsoftable. Very good. I like that one. It's nice to have him on board, creepy fuck, isn't he? Thanks, Bill. But we appreciate the XMR. Recommendation for BT nodes these days. I think we're both on the same page with start 9 being certainly up there. That's what I'm running. That's what you're running. It's very, very good. There's lots of things you can do with it. I've had the least amount of problems that I've had with any node with it, so that would be what I would suggest.
How to install the Dojo safely now that the repo is down?
[00:51:11] Unknown:
There is still an actively maintained fork by a guy that goes by Dojo Coder on Twitter. Great guy. I will drop the link to that repository, which is hosted on GitHub, and we can put it in the show notes again. Jordan, please remind me. Excellent.
[00:51:26] Unknown:
And then do start 9 and Umbrel offer an only Bitcoin call? I know start 9 has what's the one with the logo that looks like an asshole? Ocean knots. And then knots. That's it. Knots. Ocean and then knots is the other one. I'm pretty sure that they have that asshole version available on start 9 if you are that way inclined. Nothing wrong with it, you know, each to their own. I don't know about Umbrel, though. I think Umbrel also offers knots. Okay.
[00:51:58] Unknown:
Speaking of nodes and power cuts, I think my start line hasn't come back up after my power cut. So, oh, how the tables have been turned.
[00:52:08] Unknown:
Maybe now is a good time to get your shit together and upgrade that NVME.
[00:52:13] Unknown:
Perhaps you're right. It's already fucked,
[00:52:16] Unknown:
so why not?
[00:52:18] Unknown:
That's really annoying.
[00:52:21] Unknown:
Goddamn. Do you not have a backup power thing? No. I'll give you mine because Rabbit very kindly gave me one. A good one. What's it called? An beat on one? It's like a 100 quids worth, but I just don't need it anymore because I've got a laptop that I'm running as my server.
[00:52:40] Unknown:
Of course. Internal battery. Okay. Cool. Yeah. Next time we meet up, I will,
[00:52:44] Unknown:
take that off your hands. Handy little bit of kit. I don't know how long it I think it runs for, like, an hour or something like that. It has, like, a separate battery.
[00:52:51] Unknown:
Nice. Okay. Cool. It is backup, by the way. I just, I was using the wrong IP address like a complete moron. Okay. Well, I'll take that offer back then. You can't.
[00:53:01] Unknown:
Okay. Firmware updates and releases. Let's start with the passport 1, version 2.3.5. So this is a bit of a hotfix. We had a busy week last week. It transpired last week, we released version 2.3.4, which patched the communication with the Casa app. So Casa customers will be happy to hear about that. It's been, a long work in progress back and forth with their team to iron out all of those issues. However, it transpired that when people try to update the previous in the version 2.3.4, they were getting stuck partway through the update process, and everybody was getting stuck at the same point in time. It was, like, 98% verifying, signatures, which is very strange and very unusual. So the team and I jumped on that to do a lot of troubleshooting to find out what the issue was. And just wanna be clear, by the way, this is only affecting users of version 2.3.2.
When they're trying to update from there, this is where they were getting stuck. So if you're on an older version, you don't need to just disregard everything that I'm saying. You can update just fine. So we found the issue within, well, less than a day and put out a fix for it, which is contained within 2.3.5. But that still poses the problem of how do we get those users from 2.3.2 up to the latest version that doesn't contain the, minor issue preventing, from getting, you know, off that version because the bug is with the firmware update process itself. So we ask that those affected population, if you do try to update your firmware and you do get stuck at 98% verifying firmware sorry, verifying signatures. Excuse me. Please just contact us via email. We've got some simple instructions that will enable you to complete in 5 to 10 minutes that will get you off this version and updated to 2.3.5 so that you can then just go and from then on have a bug free software and be able to update in the usual fashion. Nothing to worry about in terms of the security of the device or any kind of compromise of the private keys or anything like that. This was an isolated bug that just stopped people being able to update. Once again, only affects those users that were quick to update to 2.3.2.
If you're on any other version, you should be fine. But with that said, if you experience any issues, hello at foundation.xyz, and we'll walk you through all the steps. Like I say, it takes 10 minutes, and then you'll be absolutely fine again. But, with that said, you know, we appreciate that some people were kind of a little uneasy for a couple of days last week while we worked on it. We went from bug report to shipped firmware release with instructions in less than 48 hours. So very proud of the team for for jumping on that so quickly. But, again, wanna extend apologies to those affected. We appreciate that it's not exactly an ideal situation, and, we're happy to walk anybody through the steps required. But, again, just to reiterate, please don't ask for support on Telegram. You know, just come directly to us, and we'll, we'll get you sorted out. Do you have any more
[00:55:57] Unknown:
gray hairs from last week than you did previously?
[00:56:02] Unknown:
Many and large bags under my eyes. Yeah. We we we worked very hard to to pinpoint the issue as quickly as we could and to to ship an update and to get the relevant documentation ready as well so that the affected population could, you know, have easy to follow instructions so that they they know what they need to do. So, yeah, it was a it was a testing week. I felt like I hit my wages last week. But, again, you know, it it's software. There's a famous saying that goes around, I'm gonna butcher it. But it's something like all software contains bugs, but some bugs are worse than others or or something to that effect. Yeah. And, this is the first real one that we've had that kind of had a blanket effect on customers of a specific version. So it was a good test for the team, but, yeah, very proud of how quickly we got that fixed out and onwards and onwards.
Bitcoin Core version 0.28 has been released. Not a huge amount to write home about the the average user would be concerned with. The main 2 would be testnet 4 support because testnet 3 is booked and will be phased out early next year, I believe. And the other right home one is mempool policy change that mempool full RBF has been changed to be active by default. What this means basically is that your Bitcoin Core node will effect will accept, excuse me, child transactions or replacement transactions even if the original one doesn't flag for RBF. This is kind of impossible throughout the the whole the entire network anyway even if your node didn't run it because most of the miners were were running this policy because they're financially incentivized to do so. But this is now a default configuration in Bitcoin Core so that any mempools that you have driven from your own Bitcoin Core node will accept those child transactions even if the parents did not signal RBF.
Zeus version 0.9.1 main release has now been released. We've been fill up in we've been talking about beta release candidates for, quite some time with this one, but it is now out as main release. So if you don't like running betas, then you can go ahead and grab it. Quick reminder of the highlights, spot 11 blinded paths, lnd nodes, you can spend full coins, great for privacy, experimental release for rescanning external wallets. So if you pair your passport accounts to Zeus, you can now rescan for your historical transactions, which I'm very happy about.
And then to some simplified open channel user experiences and updates to on j on chain address list viewing and keypad views and things like that. A project that continues to love and use every single day. Shout out, Evan Kaludis. Speaking of Lightning, Phoenix version 2.4.0 and 2.4.1 Android have been released. Just to be clear, 2.4.0, what I'm about to talk about is for cross platform, but they've also released 241 for the Android client, which had a bug in it. So 240
[00:58:51] Unknown:
changes. This is a major release for Android and iOS. It makes Phoenix compatible with the new open protocol that is now used by the Async LSP. This new protocol is a
[00:58:57] Unknown:
async LSP. This new protocol is a thin layer on top of dual funding, splicing, and liquidity ads, all recent additions to the lightning bolt standard. So it looks like they've kind of open sourced the LSP software that they are using for in the in the Phoenix kind of mobile client, which is cool because it works very fucking well. So hopefully people can kind of use this and and use the tools that they've kind of built on top of that so that other people can build awesome stuff like dual funding splicing and and integrate with liquidity ads as well. So, yeah, pretty cool to see. And they also added, this release also adds a button to spend funds from the final wallet to any on chain address directly from Phoenix. This is instead of having to load the wallet on a third party tool like Electrum.
A notification is displayed to remind users when funds are present on the final wallet. So I think this is when you kind of, close out all of the channels and stuff, and you might be left with a, you know, a little bit left over or something like that. Previously, you would have had to load it into an external wallet, which is a bit strange, but now you can just spend those out as you would expect. K. Stack Duo version 1.2.3 has been released. So they've done some tweaks to their Frost multisig support. They've tweaked how Bitcoin Core connects to an Electrum x behind the scenes for improved stability, and they've also added coin control for the Monero side of things. Very nice. Good wallet. It is good wallet. Yeah. Good team behind them as well. We, we chat to them quite a bit behind the scenes, ironically, on Telegram. But, yeah, good bunch of guys working for them, and, they're working on some cool stuff, which I am very excited to be able to talk about soon. What's the status with Stack getting paid out? Was it for Frost? It was for the Frost Multisig. Yeah. The HRF had a bounty for the first, I believe, mobile wallet to come out with a usable frost multisig implementation essentially, and Stackwell it from as far as I can see met that Requirement. Bounty quite some time ago, but I believe it hasn't been paid yet for reasons that are unclear to me. I know Jordan's been shaking a few trees on this one, and I think Alex Gladstein did get back to him. Okay. Basically, they said it's still under review and there's still some peer review going on, but it's still actively being looked up. Just scanning through.
Yeah. It's just still Ages ago, wasn't it? Yeah. It was quite some time ago. I remember briefly testing it out when I met up with Black Coffee quite some time ago. I wanna say it's gonna be at least 6 months ago, if not longer.
[01:01:35] Unknown:
Yeah. It feels it feels like that. Yeah. Jordan's done a a long tweet thread about it all, and, he's quite worked up about it, which I can see. Because if you have a small team and you put a load of effort into making something that there's a bounty on because you know that you can do it and then you don't get paid out, it must be quite frustrating.
[01:01:57] Unknown:
Yeah. Hopefully, it's just a a workload thing. I know a few of the guys at HRF, they they've definitely got their hearts in the right place. So, hopefully, everything will be sorted out. And Yeah. Rehar and the and the team will get the bounty they deserve for, you know, producing this cool piece of software. Yeah. That would be good. ESP miner 2 3 o. This is for our fellow Bitacx fans. They've released the new latest firmware and also a new version of the web UI as well. The main thing I wanted to highlight, because this is very much not the mining show on the Ungovernable Ormus fits feed, but I thought it was cool. And I'm pretty sure you probably won't know about it yet, but, would find it useful, Max, is within the web UI now, you can set a fallback pool, and you're probably sitting there thinking, yeah. Oh, god. All my miners that Compass used to use would would have had this anyway, but I don't know whether it's a common thing. But basically, if you let's say you're mining on public pool and public pool goes down, which Mhmm. Does fairly regularly, albeit temporarily.
Mhmm. You can now configure an alternative pool, and your Bittacks will detect when the primary pool is down and then just switch and point to the secondary pool so that you're not kind of wasting any time or any hashes while the primary pool is down. So I thought it was pretty cool. It's very simple. You just plug in, I think it defaults to c k pool as a secondary one, and you plug in your address just like you would for the primary pool. And that's it. You just restart the miner and and away you go. Very nice. Have you, hit any blocks yet? Not yet. No.
I think the listeners will know. There will be signs
[01:03:31] Unknown:
just like the name. What would you do? What would be your, oh, I guess you've already got the Pixel 9. You've already balled out.
[01:03:40] Unknown:
Yeah. Don't know. I'd probably go on a pretty big holiday. Would you? Yeah. I'd probably go dorm or something. I'd prob I'd probably go scouting for, home 2.0. Just take, like, a month off and just go to some potential Citadel, solutions. Spec them all out. Nice. Cake Pay web version now accepts lightning, which is pretty cool. Hopefully, that's a sign of things to come from within CapePay Wallet itself. But, good that you can now buy all of your usual gift cards, prepaid Visa cards, etcetera, etcetera
[01:04:17] Unknown:
Mhmm. On CapePay web. We wanna specify that it is just the web at the moment, not the mobile application. But, yeah, you can now spend your Lightning Sats on there as well. Before I saw that message go out that that was being added, I was thinking it would be quite nice actually to have Lightning in here. And then literally, like, 2 days later, bang, it's in. There you go.
[01:04:36] Unknown:
Always shipping. Final one, which is a new release, or new to me at least, that I wanted to, shed a little bit of light on is a project called Lightning Welder. Basically, Lightning Welder is a converter for a Bolt 12 offer, which we're big fans of, into a Bolt 11 invoice, ensuring compatibility across Lightning wallets. So scenario, why would you wanna use this? Let's say you only have access to, I don't know, Wallet of Satoshi. And Wallet of Satoshi, to my knowledge, does not speak Bolt 12 yet. And you want to send the show a donation. And all you can access for the show, again, hypothetically speaking, is our Bolt 12 offer, which is just a QR code that's on uncovertablemisfits.com. Well, in that scenario, until this thing existed, then you wouldn't be able to send us any SaaS because, well, so she only speak to traditional Bolt 11 invoices.
Now what you can do is grab the Bolt 12 offer, paste it into this, lightning welder tool, which is just a simple website, and it will spit out it will do the conversion for you, and then it will spit out a Bolt 11 invoice for you to scan with your inferior lightning wallet so that you can send some sats to the show. Pretty cool. Completely free and open source software. Very nice, simple UI. It's just 2 things. You paste in the Bolt 12 offer. You tell it how much you wanna send, and it will just give you a traditional Bolt 11 invoice for you to scan and pay. Very cool. Very simple. I'm a big fan.
Okay, mate. We have quite a few questions. And I'm gonna pose the first one to you. The first one is from our friend, Dice Rolls, over on Nosta. Keen to know if anybody has upgraded their Dojo to 2 terabytes yet. I thought I'd ask you because I know that you're the expert in drive mitations at the moment.
[01:06:34] Unknown:
I haven't upgraded my Dojo. I don't have a working Dojo. My last tanto that I had, I've had a few fell over, and I just don't have any more time to fuck around with it. So I haven't done it personally, but I don't think it's been an issue that I've heard of from other people. I just have a specific skill, which is to definitely make sure that a dojo never ever ever runs for more than 3 months ever in my life no matter how I think I've had 6 or 7 of them. I killed them off. So I'm not the person to ask.
[01:07:11] Unknown:
I've never done it. Never looked into it. Would probably say,
[01:07:15] Unknown:
head to the Dojo Telegram room or the Ronin Dojo 1. There's bound to be somebody in there that's already done it. If you do, let us know. I think they were shipping them with 2 terabyte the last batch they did before they stopped selling them, weren't they? I'm pretty sure you could buy the 2 terabyte ones. Someone will answer that question. And and for the majority of people, they'll just do it, and it'd be easy, and it will work. So I'm sure it's not an issue. Cool.
[01:07:38] Unknown:
Andos on Nosta, have you covered joinster.xyz yet? If not, you should look into it. CoinJoin coordinated over Nosta. Very early project, but very interesting. I have heard of it, and I won't be showing it at the time of day for quite some time unless there's significant changes for three main reasons. Number 1, the developer behind it is a very, very strange individual that said some very, very strange things to people I respect and just doesn't give me any confidence in the project whatsoever. Is that the floppy dick guy? Yeah. Yeah. He's just a complete weirdo if I'm being honest. Okay. Number 2, it runs as an Electrum plug in. And Electrum, in my personal opinion, is the most horrible piece of Bitcoin software I've ever had the displeasure of using. I just do not like the UI.
So I just don't wanna use a plug in for a wallet that I don't like. And number 3, and probably the most important one, it has absolutely 0 SYBL resistance at all. So it's trivial to flood all of the rounds, and you can't avoid kind of suspicious pools or untrusted relays. Like, it's there's just no SYBL resistance, which is crucial for, any kind of, conjoined implementation. So unless any of those things significantly change, then it's dead in the water to me. Is there anything
[01:09:01] Unknown:
about it that shows promise if it wasn't from someone you didn't like using software, plug ins that you don't like? Is there anything about the idea where you go, if it wasn't this cunt running it and it wasn't using these shitty projects, I'd be happy with it? Or is it just like you just don't think it really has legs?
[01:09:23] Unknown:
I think there might be legs to coordination over Noster relays, but I'm yet to see an implementation that seems viable. So, yeah, maybe there's legs in that and getting the kind of censorship resistance or decentralization of multiple noster relays to provide coordination. Seems like it could be a good thing. I'm sure there's lots of pitfalls with it as well. I'm you know, that are unclear to me right now, but it seems like it could be a nice thing to have versus a a centralized coordinator. Okay. But that will, of course, pose its own problems. Like, things like civil resistance is nontrivial, that that sort of stuff. Yeah. Okay. Zeyton on Nosta. Just a down to earth. How to mix coins post samurai arrest era? I've seen a critique of both Jam and Wasabi before, so I'm struggling to get up to date on the current best practice here.
Yeah. Fucking good question, mate. This is a question I ask fairly regularly if I'm being honest. Couple of things. The guys over on Gabriel's podcast, Watchman Privacy, they did a deep dive into all of the the different implementations, and that was fairly recent. Was that him and Urban? Urban Hacker. That's the one. So it would signpost you to that if you kind of like to listen to this sort of stuff. I'll give a very high level on the way I see things. Did you know I I found when researching, like, a few information points for this question this morning, did you know that Wasabi have removed all coordinator fees?
[01:10:58] Unknown:
I think I heard it, but I hadn't really given it much thought. But I suppose, again, that causes its own problems.
[01:11:06] Unknown:
Yeah. Exactly. So it's now free to use Wasabi apart from minor fees, of course, which again comes back to it being trivial to Sybil attack rounds. Like, it just seems like a very strange decision. I don't know whether they've done it till I've been why. Okay.
[01:11:23] Unknown:
Well, I know why that I know a reason that they might have done it that could be logical, but it doesn't mean that it is the actual reason. But I think they were having a problem where people were getting massively overcharged with fees, and there was some I'm pretty sure when Urban came on to the show and was talking to me about this, that he was testing it and that he ended up paying massive fees that he didn't think he was gonna pay. And I've heard the same from other people. And I'm not sure what the reason for that was, but, basically, people were getting used to join, and then the fees were going crazy. So I think they to avoid that problem that they didn't seem to have a way around that happening, they just removed them entirely and replaced one problem with another.
[01:12:11] Unknown:
I see. So, yeah, for for that reason, again, amongst many others, I I just can't kind of recommend going down that sort of route. Jam or joint market is probably the only viable on chain alternative I'm somewhat happy to to give recommendation for with the caveats that we've spoken about in previous shows of even in low free rates, it can be quite expensive if you choose to mix with lots of different market makers. Now if we're at, like, sub 5 sat per byte, then, yeah, that could be worth it to get some, you know, a fairly good level of on chain privacy. Mhmm. As soon as the fees go above that, it can become prohibitively expensive.
You do also to kind of get a full proper sort of holistic approach to this and gain privacy from market makers. You should be a maker yourself as well, which slows things down significantly. It means that you gotta have funds, you know, on a node for longer periods of time if you want to kind of do this, quote, unquote, properly. And again, something I've always struggled with. And again, hold my hands up that I'm open to saying that this is just my lack of understanding, but it's difficult for me to gain an understanding of what level of privacy I've gained when I've gone through a joint market mix. Yeah. Yeah. Yes. You can look at them on Block Explorers and see the inputs and outputs and kind of get a little bit of a gauge there, but it's it's nowhere near as easy as it used to be with, like, equal output coin joints like, Whirlpool. So if I was pushed, I'd say, yeah. Okay. Try out Jam with some small amounts of funds, but expect to pay some, you know, fairly significant fees, especially if the minor fees are jacked up because you're carrying the load for for the makers there as well.
Other than that, I would say minimize your onscreen footprint. Come in via an OKC method straight onto lightning. Run your own node. In fact, I won't go into it in detail. Just check my pinned message. I actually pinned this this morning because I wanna kinda drive people towards it. It's just like a simple flow of using Robosarts, using your your own node with proxy invoices to protect the location of your own node, blah blah blah. Once you're in Lightning, you've got good spend level privacy, albeit with some of the headaches that comes with managing a Lightning node, but freedom isn't free. And then we talk about, you know, bolt swaps to go out to on chain once your, you know, your your Lightning channels fall and you need to kinda swap some funds out. It's not perfect, but, you know, this is this is the, you know, we're in a post samurai or post Whirlpool era at the moment. So you have to look for alternatives. And at the moment, that flow that's in my pin message is is kind of seems doable for most people. But, yeah, for for larger amounts at lower fee rates, Jam, it is an okay option as well.
[01:14:51] Unknown:
My personal opinion on it on it is if people are mixing, and I think that this would be a lot of people who are asking these sort of questions. If they're mixing because they have exchange them for slave notes, and then with those slave notes, go and exchange them for slave notes, and then with those slave notes, go and buy some real Bitcoin. Because there's all sorts of problems that could come in the future for people who are doing that, especially when you're not going through something like Whirlpool, where you could be very confident that there's no tracking or tracing after that point. I just think that with all the issues that you could have, maybe that is the safest option, and then you go in clean buying with cash or in the methods that the queue's going through. So if you are thinking about your KYC stack and that this is going to fix all your problems, it's not because there's still a record of you buying it. And it's a blockchain.
People can see what's happening, and at some point, you might get a knock on the door. Yep. Cosign that one.
[01:16:06] Unknown:
FastLion on Twitter. No. Apologies. I've missed 1. On. Topic suggestion, decentralized mining future. New pools. Thoughts on the future of potential issues along the way. That's probably one for you and John, maybe? Probably one for John that, to be honest, unless you have some thoughts on that. Not really.
[01:16:25] Unknown:
Yeah. There's there's one for John.
[01:16:27] Unknown:
Okay. FastLion on Twitter. Does AlbyHub have any privacy implications when self hosted? Not to my knowledge. It's just a piece of open source software that's living on top of your node. Now I don't know whether they've got any additional tools in there, such as, like, a self hosted lightning address, which I believe you can do with the albibhope but still have it on your own node, then there would be kind of a slight privacy trade off there where you would they would be able to see your incoming transactions because they are the ones that are hosting your, you know, so and so at alpi.com. Now I don't actually know don't please don't hold me to whether that's actually a thing for the self hosted version. Obviously, I know it's part of the hosted version that you pay for because, obviously, that's, you know, a perk of the product.
But I wouldn't be surprised if they offer that for the self, you know, the self hosted version. But if if that is there, just know that that would be a trade off.
[01:17:25] Unknown:
I've got a question from that question. You were saying earlier about receiving privacy on lightning and that you could use a proxy for receiving and still run that on your own node. That would be the other option compared to, like, having if, Albi Hub does actually have an option where they host a receive for you, which would then be a privacy concern where they would have your information, but not anyone else. How hard is it to set up one of these proxies for receiving? Like, is there any issues that you see with it?
[01:17:58] Unknown:
So in respect to the flow I was talking about where you're buying on Robosats, the proxy server is built into Robosats, so it's nice and easy. You can use it independently. I believe it's the same service under the hood. It's just lnproxy.org, where you just go and you paste in an invoice and set up some the fees that you're happy to give to us for the service. In terms of trade offs, I would look at this as kind of like a VPN for your note sort of thing. So it's kind of Yeah. Yeah. A semi trusted relationship in the fact that your traditional VPN provider would see your IP address, but the whole point is that you're masking it from everyone else. You know, when you go and browse the Internet, you know, wordpress.com doesn't get to learn where you live, so to speak. So it's it's that similar sort of relationship where obviously the proxy service runner
[01:18:50] Unknown:
is gonna see, you know, you're giving it an invoice from your Lightning nodes, and they can infer from that the your node ID and stuff. But the whole point is that you're then obfuscating that from the person that is actually paying the proxy invoice. Okay. Yeah. So as long as it isn't like a honeypot or something like that, then you are better off doing that. That's the big thing with Lightning that always pisses me off. I'm like, sending, I've got down. Like, I'm I'm pretty happy with it and running it on my own note, and I'm like, okay. This is cool. I've got a great flow here. I'm happy. Receiving, I then find it weird that I'm, like, using other custodial shit to receive because I'm not comfortable with any or, like, fully understanding the trade offs or anything else. And it just feels like a bit of a stupid way of doing things. I'd like to just have control and be doing things from my own node. Yeah. Yeah. Blinded path's a
[01:19:43] Unknown:
a thing of the not too distant future, which will massively help here, which is kind of like you don't have to share your node ID. Okay. Wyatt or what's up? Wyatt Serp? How do you say that, Max? What's up? Yeah. Wyatt Serp. What what's up? On Twitter asks, does q actually strip down naked drum recordings as the image shows? Yes. I was gonna say that's for me to know and for you to try and find out, but you just blew my cover. The that art, by the way, is sensational. Love it. If people haven't seen, just go to Lightmax's Twitter or Nosta, and you'll see me and him sat around a table putting a will to rights.
[01:20:26] Unknown:
Yeah. Very good. Thank you, mate. I've been playing around a little bit. I am naked on it. You're naked on it? Yeah. That's true. That one. Do you know what? I got I was like I had a, flashback to remember we did a competition where someone had to do a drawing for us, and then someone did a drawing of you on the side of the bed. I I had a flashback to that, which I actually never claimed because the person said, oh, I'll send it to you, the original drawing, and I was gonna get it framed, but then I didn't have a PO box. And I was like, ah, fuck's sake. And I never did. I wish I have now. I wish it was in my office. Could you imagine your little one coming in? Daddy, what's that? Where'd you begin to explain that one? Yeah. Basically, it's this robot that I record this thing and this show about this thing called Bitcoin. And, yeah, where did I have no idea where you start
[01:21:19] Unknown:
with
[01:21:21] Unknown:
that. Crash Neon x on Twitter. Where can a silly Billy like me get a Ronin node to power the Ashigaru wallet? Well, Crash Neon. You have, multiple different ways. You could download the vanilla Dojo software from the repository that we mentioned earlier that we all find in the show notes that will require some command line stuff. You can also build your own Ronin Dojo node by buying the recommended hardware, which I'm sure they've probably got on their website. Go into their downloads page and downloading the most recent version of their software and flashing it to the SD card. Obviously, that's going to cost you a little bit more because you can't run it on, like, an existing computer that you've already got, but is, you know, a good fun journey to to get your hands dirty with. Or you can install the samurai server on Umbrella, and I believe that should still work with the Ashigaru wallet because it just looks for Dojo software. So 3 different ways you can do it. Someone asked this question
[01:22:20] Unknown:
recently, and could it be run on start 9? And someone from start 9 said, yes. That's being worked on apparently.
[01:22:27] Unknown:
Oh, interesting.
[01:22:29] Unknown:
Yeah. I was toying with the idea of starting a bounty for that, but if they're already working on it, then then that's very good to hear. Someone have to fact check me on that, but I'm I'm pretty sure that was said. And I'm pretty sure you can also there's an x86
[01:22:41] Unknown:
build for this, and I can't remember who
[01:22:45] Unknown:
made that, but I'm almost certain someone For Ronin? For Ronin. Yeah. Oh, interesting. Like, it was maybe it was a fork of it or something. Yeah. I think it was one of the wasn't it one of the Spaniards that did a guide for it? I'm sure I've seen that actually. Might well have been. Ring a bell now. Yeah. I'm pretty sure. Maybe somebody like Arkad, but maybe. Yeah. Okay. Final question. Trust d21 on Twitter. If you had 2 BTC in 20 UTXOs and you wanted to move everything to a new wallet, would you, a, consolidate it all 20 UTXOs into 1? Or, b, send each of the 20 UTXOs to new addresses in the wallet sorry, in the new wallet, or option c, other. Please explain.
Great question. Great question. And I am gonna bring up my usual analogy, of a spectrum. And you've got option a on the left hand side, which is consolidate it all into 1 UTXO in the new wallet. And then option b, you've got send all of them individually to new addresses in the new wallet. Option a, consolidate all is fast. It's cheap. It's easy, and you can do it in 10 minutes. But it's going to show common ownership of all of those UTXOs, because you're merging them all together into a single coin, which could cause you privacy headaches because you're showing common ownership. And if they're from different sources, I you know, some are from BISK, some are from Coinbase, blah blah blah. You're merging those and, you know, anybody that you previously you know, where you've got those coins from could see that you also own the coins that are being merged with it.
So that's one end of the spectrum. And, also, that you're then gonna end up with a 2 BTC ETF. Just about to say when you pay your plumber, they're gonna go, oh, fuck me. I should've charged more. Or fuck me. I might put this spanner to use elsewhere and wrap it around his head. So probably not the best idea unless yeah. Yeah. There is no unless, actually. Yeah. Probably not the best idea. And then option b, on the other end of the spectrum, spend each of the 20 UTXOs to new addresses in the new wallet so that you still have 20 UTXOs in the new wallet. Now, obviously, this is going to take you some more time because you need to do 20 transactions. And if you want to do this privately, you're gonna wanna do those transactions spaced out at random intervals. So it's gonna take you significantly longer than option a. It's also gonna cost you significantly more in fees because you're doing 20 transactions instead of 1, and you're creating 20 outputs instead of 1.
It all comes down to trade offs at the end of the day. What do you value more? Are you lazy? Do you want to just get it over and done with, and you don't care that the world might see that you've got a 2 BTC coin? Or are you Uber paranoid about privacy and you don't wanna show common ownership of these UTXOs and you're happy to spend a little bit more in time and fees, then, yeah, option b is definitely the right way to go. Mhmm. You could also pick somewhere in the middle of the spectrum where you realize that, do you know what? Actually, I don't want 20 UTXOs, and this is only for long term savings. And I'm happy to have maybe, I don't know, 10 UTXOs.
Then you could, rather than merging them all into 1, you could do smaller spends where you merge a couple of them at a time so that you kind of find that fine balance between the amount of time it takes, the amount of coins that you're merging, and the amount of fees that you're willing to pay for each of those transactions. There's no right or wrong answer here. Although option a is pretty terrible, and I wouldn't advise most people to their ear unless you're a bit of a whale. Generally, somewhere in the middle makes the most sense. But if you're uber paranoid about privacy, then go for option b and just send them individually.
[01:26:26] Unknown:
When he says move everything to a new wallet, in case you're new, just because you have new hardware or you're using a different software on your phone doesn't necessarily mean you have to physically move them. Like, it might be that you could just put your seed words into that unless you're worried that it isn't secure for some reason. You might not actually need to move it because I used to think that, and I don't think I'm the only person.
[01:26:53] Unknown:
That is a a very good point worth making. I just looked at this from the assumption that, I don't know, they they thought this the original seed might be Yeah. Compromised or lost or something like that or that yeah. But, yeah, very good point worthwhile making.
[01:27:08] Unknown:
The cheapest and most private way to do this is to just move your seed words. But, again, that depends on the situation with the those seed words and, you know, your confidence in them. If you are not concerned with how you've generated them and there's no leak or anything like that, then that might be an option. And I do think that, especially when you're new to it, that's something that you might not understand. So there's that. The other thing I was gonna say is, like, with other explain is maybe there's somewhere else in the middle, which is, like you said, you can have, like, a a stepping down like you'd have, with coins in terms of, like, large to small UTXOs because sometimes you're gonna make smaller purchases, sometimes it's gonna be larger. So having a bit of a range where, like, you know, maybe you have one that's like 0.25 Bitcoin, and then you have a few 1,000,000 sat UTXOs, and you have a few 5,000,000 sat UTXOs and 10,000,000 sat UTXOs.
Because then you're more likely to be able to do a spend with a a full UTXO rather than having to use multiple and and merging them again. That's something to consider. And if you are sending them across, you wouldn't necessarily have to do multiple 10,000,000 sat spends. You might consider splitting them so that it makes it a little bit more difficult to track. And I think we talked about this in you said there was a feature in Sparrow that makes this like, makes the decisions for you on what would be the most private option.
[01:28:40] Unknown:
Mhmm. Yeah. It's got some good default in Sparrow. That's another good point worth making, mate. Yeah. Nice one. Okay. That brings us to the end of the show notes.
[01:28:52] Unknown:
Everyone's asking me that, you know. Just let me tell them. Yo. Because I was the best man when d two got married to pull bear out when let's JK's not JC's clone It's a shot work because it made me though That's a little man sitting like a baby girl Phone of the boys in jail in the background I can hear me on the radio I was a guy that called so jacked that you gotta let KD go Now KD's gone Alright babe Hey you all filled that shit for his man and his mom Why am I wanting to be like us to be put in his shoes and his shit for his nad and his mom? Why am I wanting to be like us to be put in his shoes and be brag him along? I was in jail when I'm glad I'm not dying. I ain't gonna lie, but when I'm not crying, from Tazewine, I've been doing this time for the past 10 years, but I've been on our side, it's real shit. That's real shit. I wanna
Bitcoin is close to becoming worthless. Bitcoin. Now what's the Bitcoin? Bitcoin's like rat poison.
[00:00:20] Unknown:
Yeah.
[00:00:22] Unknown:
Oh. The greatest scam in history. Let's get it. Bitcoin will go to fucking 0.
[00:00:42] Unknown:
Welcome back to The Bitcoin Brief, the show where me and q and a catch up every 2 weeks to talk about Bitcoin, privacy, open source, keeping your Bitcoin secure, and the news and software updates that matter. I just wanted say a massive thank you to everyone who's been supporting Ungovernable Misfits and a big thank you to Foundation Devices for supporting the show. If you haven't already checked them out, go to foundation.x, xyz. They make the best hardware in the space. It's the best build quality. It's fully open source. They have an incredible team, and the UX is piss easy.
They make cypherpunk tools for fuck quits, and anyone can use this, even me. If you have any questions or you want to reach out, feel free, and I'll be happy to go through things with you. For anything super technical, I'll pass you on to q. If you wanna buy one of these incredible passports, use the code Ungovernable. It will get you a discount, and it will let them know that I'm shilling. I'd also like to say a huge thank you to the K Wallet team. Not only are they supporting this show, but they're also bringing out some incredible features. For those of you who actually use Bitcoin and actually care about their privacy and security, Cake Wallet make it incredibly simple for you to live outside of the traditional financial system. You can use Cake Pay within the app to buy gift cards for food, petrol, and whatever else you might need day to day.
You can use silent payments, and, of course, you can use Monero. You can connect both Bitcoin and Monero nodes, use coin control, and this team are constantly innovating. I'm really looking forward to getting Seth and some of the other team members back on the show soon, and I'm really excited to be working with them. If you have any questions, you can reach out to me, but check them out at cakewallet.com. Download the APK or start using this today on Mac, Windows, Linux, iPhone, or, of course, your Android device. Enjoy the show.
[00:03:06] Unknown:
Morning, mate. How are you doing? Good morning. I'm doing well. I am not sick, although I believe you're still, suffering a little bit, mate. Snuffling away.
[00:03:16] Unknown:
A disgusting excuse for a human being. Never quite properly sick and never fully alive. Just like a little golem or something.
[00:03:24] Unknown:
Oh, dear. Has it been, affecting your gym routine as well? No. Not really. I was talking to smashing out the gym.
[00:03:30] Unknown:
My man. Absolute unit. Still, calves are,
[00:03:33] Unknown:
inferior, but the rest of me is doing alright. It's funny you mentioned my calves, and this might come as a bit of a shock to some some listeners given our recent focus on my calves in recent shows. I actually trained legs for the first time last Friday, and it was the first time since end of May. Wow. I have been registered disabled over the weekend because I literally cannot fucking walk. Why? It is the worst leg doms I've ever had in my entire life. It wasn't even it wasn't even a big session. Right? But, like, you know, normally it takes probably, you know, a day and a half to 2 days before you really, you know, start to feel the the light kicks off and saying. Yeah. This was the same day I got into bed. I was like, I am gonna be absolutely destroyed in the morning.
And, yep, I could barely get out of bed. I've been walking around, like, I don't know what. It's been a pretty painful couple of days. So Wow. Lesson learned, don't skip leg day. It was for good reason. I've been riding my bike a lot, for the summer, making the most of That's leg day. The 2 yeah. Exactly. So it's not like I haven't trained them, but it's a very different training type of stimulus than, you know, heavy squats and stuff. And, boy, did I feel it.
[00:04:53] Unknown:
I never really get in the squat racks and stuff, to be honest with you, because it's just always there's 3 squat racks in my gym, and there's always either 1 or 2 power lifters who just, like, take up the fucking racks the whole day, and they're, like, in groups. I don't really wanna fuck with them because they're, like, the size of fucking rhinos, or it's like the gymfluencer, gym girls who, like, wear yoga pants where you can literally see what they ate for breakfast and, like, filming themselves. Yeah. I got the tripod set up behind them. And I'm like, I also don't wanna even speak to them because I'm gonna be, like, labeled a perv for, like, even fucking walking over there. So I'm just like, fine. I'll just use the machines.
[00:05:36] Unknown:
That's me. They are good fun. They, one of my favorite exercises. Got a love hate relationship with it, but, it is pretty good. You gotta be very careful. Like, it's it's very, very easy to to injure yourself and stuff. But Yeah. That's the other thing.
[00:05:50] Unknown:
Everything you just said just reminded me why I do not miss going to commercial gyms at all. Oh, mate. It's so annoying. At least now, I'm like at quite a posh gym now. But the last gym that I went to was, like, in the roughest, shittest part of the city that I'm in, in, like, the worst the worst place. Because I would either train late at night or, like, in the middle of the day. You just it was just full of, like, road man, little scum, just like all on their phones and just like you just know they're just all looking for an argument all the time. You're just like constantly on edge in there. At least now, like, I don't really have those problems, so I'm moving up in the world. Glad to hear it, mate. Glad to hear it.
[00:06:32] Unknown:
The question on everybody's lips, mate, what's going on with your start 9? We we left the, our last recording 2 weeks ago with it being broken. You sounding somewhat despondent, and it sounded like you're about to give up. So what's the latest?
[00:06:48] Unknown:
Yeah. People have been waiting with basic breath. Well, as per usual, mate, it was you who fixed it after how many I mean, like, maybe 6, 7 hours of fucking around on different groups and reading through different articles and jumping into the start line groups and asking people and DMs and everything else, it was you. Just before you say, yeah. Just a quick recap. It was you were trying to upgrade your drive from 1 terabyte to 2 terabyte, wasn't it? Yes. So took the laptop apart, put in the new NVMe, kept the old one separate.
People who wanna listen to the whole boring story can go back to the last episode and not gonna repeat myself. But in the end, I couldn't transfer the data, the original data across to the new NVMe. Time after time after time, it was failing. In the end, after many hours, it was said, well, just go and get a new NVMe case. Order a new one and try that. And there was no recommended list of which ones to try. It was just like, just fucking keep trying them or buying them. And and I was like, oh, this is so stupid. And I tried it in all the blue ports on the laptop that I had and the lightning port and all the different stuff, and nothing was working. And everyone kept saying, oh, are you are you sure you're doing it with the blue port, the blue USB? Because that's the faster one. Are you sure you're using that? Yeah. Yeah. I've tried all of them. Every fucking one. Over and over. And then I'm speaking to Q, and he's like, why don't you just try the the non blue one, the slow one, because that might just work. I was like, why? And he's like, well, it might do because it's whatever. I don't know. Some fucking robot reason. I think it's something to do with it draws less power, but, again, I'm I'm just guessing there. That was the one. Anyway, tried it. Works first time. Straight. Well, I was just like, how have I just wasted, like, like, a day fucking doing this on repeat? And I just didn't. I tried every other port.
I even plugged in a separate, like, what do you call them? Like, an extension thing that gives you more different USBs. I tried, like, everything other than that thing. He was like, yeah. Why don't you just try that? Did it? It worked. So it was a bit slower. It took, I don't know. I can't even remember, like, half a day to transfer everything over. Got it up and running. Downloaded a Monero node onto that. That took, like, 2 days. It went to, like, 80 or 90% within, like, I don't know, a half a day. And then it took, like, another day and a half to do the rest. Got that all running and then linked that to my new cake wallet. All works beautifully.
No issues. Very happy. So thank you, mate, for, as usual, helping this retard continue his, cypherpunk journey.
[00:09:42] Unknown:
So, again, just to recap, I don't fully know why that fixed it. The reason I knew that it would be worthwhile suggestion is mainly from years of dicking about with Raspberry Pis and different hard drives and them falling out of sync and not being registered and things like that. Like, the first thing I always used to do was just switch the USB port, and it would have, like, a 50% hit rate. So this sounded like it could be a similar sort of issue. And lo and behold, it is. I mean, the bit that's quite peculiar to me is that we're not talking about a Raspberry Pi here. We're talking about your Star Labs laptop, which is Yeah. Very high spec. Yeah. High spec with a proper power supply. Like, it's not a little toy computer. No. But it worked, and I guess that's all we need to know really. Yeah. Well, just in case it helps someone else as well because Yeah. Absolutely. I had seen other people who had had similar issues in the chat that didn't seem like they would necessarily resolved.
[00:10:37] Unknown:
And, yeah, for that simple fix, for all the grief that it gives you, it's well worth doing. And the other just one little tip I would give to people is, if you are gonna do it, just for peace of mind, especially if you've got a decent amount in your lightning channels, just fucking drain them first. That's actually what I did before when I set it up again, before doing the transfer, I actually just drained everything out. And then before changing everything over, I just I'm not making sense. What I did queue is I plugged in the old NVMe, and then I just started it up running it from the NVMe that was plugged in rather than the NVMe that was actually in the laptop. Does that make sense? Like running a live version, not transferring it. Yeah. So because I saw that works, I was like, oh, fucking hell. Okay. And because I had, like, 2,000,000 sats on there in my lightning channels. I was like, I am not losing this.
So I jumped onto my, Zeus wallet and then just drained it out, bought some gift cards, sent some all over the place, did what I needed to do, drained it all, and then I did the transfer. Because I was like, I'm I I was shitting myself for, like, 2 days thinking, oh my god. I'm gonna fucking lose this. So maybe before you do a transfer, don't have, money that really makes a difference to you on there. Yeah. Did you close the channels or just drain all the funds out? No. No. I just drained all the funds out, and then and then I did a what was that, swap? Bolt stock exchange. Bolt. Yeah. Then I did a Bolt's from a post mix into there and then rebalanced it. So the channels were fine when you put the new drive in and it all got synced up again. Yeah? It was all fine. And stuff, and you just topped them back up. It all worked. I just I just did it as like, oh, I've just gone through all this drama, and I was so so scared. I'm just gonna make sure.
[00:12:23] Unknown:
Nice. Okay. Well, now I know that it works. I, I'm looking at my 2 terabyte NVMe on my desk. I'm gonna do that this week.
[00:12:32] Unknown:
Well, thank you, mate. I appreciate, your advice there. My pleasure.
[00:12:37] Unknown:
I, have treated myself last week. Would you like to know what I treated myself to? New set of legs? Nope. Oh, that would have been required this weekend. That would have been nice. Yeah. I, have treated myself to a new Pixel. Google Pixel, that is. Oh, I knew you would. I should have known that because you kept telling me about it. Yeah. I've been mulling it over for months or since yeah. I've bought a Pixel 9 and I've been mulling it over since it since this was released in I think they announced it early September, something like that. Previously, it was running a 6 a Mhmm. Which was starting to show the signs of daily abuse, if I'm being honest. Like, luckily, I work from home with, you know, my own office, and I can have it plugged in almost constantly if I need to. Yeah. The battery wasn't great. Multitasking or switching between apps was just getting a bit painful.
Regular freeze ups, switching between different profiles was very painful. That took quite some time. So, yeah, it was it was time. So I was I was gonna get the 8, and I went into the phone shop, and I got suckered in by the marketing and went for the 9 instead. Treat yourself. Yeah. It well, it worked out like it was like an extra £3 a month. So I was like, do you know what? I can, like, just not have a coffee at a coffee shop once a month and have the better phone. Yeah. That's true. When you look at things broken down by week or by month, it's very easy to spend that extra money, isn't it? Quickly let it run away from you. Absolutely. Absolutely.
The difference oh my god. It's night and day. Like, so snappy moving through menus and stuff. Like, to be expected, of course. Like, it's a flagship phone. It's brand new, and my old one was, like, 4 or 5 years old. The biggest things I've noticed other than the speed of it is it's got the 120 hertz screen rate. So, like, when you're, like, quickly scrolling through, I don't know, Twitter or your app list or something like that, it's buttery smooth. Whereas my old one was like, you'd flick your thumb and it'd be like, oh, hang on. Let me just think about what I need to do. Oh, okay. You wanna scroll down? Okay. Great. Let's go. This one just both really smooth. Switching profiles is is super fast. Like, it's yeah. It's a big step up. And the camera, wow. The camera's just incredible.
Even with running graphene and all that? Even with running graphene. Yeah. Obviously, I failed to mention that. But, of course, as soon as I got home, I I flashed the Graphene straight on there. I'm using the Google camera with all the bells and whistles, but with network access switched off and stuff. So you can get the you can leverage all the quality bits, you know, without having to backdoor it with all the AI stuff if you don't want to. Is there gonna be a little q and a guide on this or not? Too busy? Got a graphing guide. It's up. No. But, like, is it any different now with a 9 than with 3 or whatever it would have been? You just The same the same place. Yeah. Okay. I've done it quite a few times now using the Web Flasher to install Graphene. And every time I do it, I'm I'm just reminded by how far we've come and how simple it is compared to how bad it used to be. Like, the whole thing, including, like, all of the loading screens and everything like that was, like, less than 10 minutes. I think if I had timed it, it'd probably be, like, 6 minutes or something like that. It's
[00:15:50] Unknown:
really good. The last one, when I did mine on a Pixel 3 or 3 a or whatever it was, took me from Friday afternoon until Monday afternoon. Wow. And a bottle and a half of whiskey and close to tears and everything else. And I ended up doing it with a Chinese tutorial. I was then, like, trying to get that into English, and I was it was fucking mental. So it's good to good to hear it's come a long way. I think I might actually be tempted to do the same because at the moment, I'm in a situation where I'm stupid. I've got 1, 2, 3, 4. I've got 5 phones that I'm running, and it's like, it doesn't make any sense. And it's like so sometimes I'm like, oh, I've sent that on Telegram. Oh, yeah. But, no, that account isn't linked to that one. Oh, no. Simplex. But, no, that's, no, that's from the Pixel.
That's a different one. And everything's, like, scattered everywhere, and it's fucking horrible. And I'm still running an iPhone for some bits just because I actually hate in all honesty, I hate my Pixel 6. I fucking hate using it. Typing on it is horrendous. I know people have suggested, like, you can download to Google. Yep. Yeah. That's it. The g board, which I haven't done in all fairness. But I just find it horrible to use. Like, it's fine just to send transactions and do the odd little bit or PGP or do whatever little bits I gotta do. But as a daily phone, it's disgusting.
I am slightly tempted to just fuck them all off, sell them all, and, like, just dive in and get just one device.
[00:17:30] Unknown:
Yeah. I'm I'm very much not about that multi phone life. That's so shit. This Pixel, it runs the sandbox Google Play services, and I'm fine with the trade offs. It's got my work apps on. It's got my banking apps on. Just like, I just need so much of a mobile device and the thought of having to carry multiple of them, it's just it's never gonna happen. So I'm just happy to make the trade offs and, you know, have the the play services to to get by notifications and stuff like that. And sometimes you just gotta find a happy medium and make it work for you, I guess.
[00:18:00] Unknown:
If you have, like, Envoy on your phone, if you're carrying that around and you have Envoy where you're using it to interact with your hardware, do you not have any concerns about, like, something happening where someone gets hold of that and then they can see balances? I know they can't spend unless it's in the hot wallet, but I feel like I don't necessarily wanna be carrying that around
[00:18:26] Unknown:
because in case that data leaks, is that an unreasonable thing? I wouldn't say it was unreasonable, and you can mitigate it by just keeping those sensitive apps in a secondary profile behind a different pin. So if, you know, you have your day to day kind of profile, the default profile, and somebody snatches your phone out of your hands while you're walking down the street and it's unlocked, then they don't get to see all of the stuff on the other profiles. Or if they snatch it in an unlocked one and then try to cave your head in or threaten to cave your head in and force you to, you know, face ID or or fingerprint or enter your pin to get to the main profile. Then again, they still don't see that sort of stuff. I'm not saying it's foolproof. You know, if they know these profiles exist, they can go looking for them and then straighten you further to unlock them. But it just puts them that far out of sight that it protects you against most kind of trivial sorts of theoretical attacks. So you'd be in your normal
[00:19:21] Unknown:
profile that you live your life in with your banking apps and all your shit that you need.
[00:19:25] Unknown:
And then there's just a way to go to a separate section and you type in a separate PIN. Yeah. Just just set up a secondary profile. You can have this well, I I don't I'm not sure on the the the upper limit on how many you can have, but you can have multiple profiles on on Android and Graphene. Set them off each behind their own different pins, and you can segregate which apps you want to be when. You can have, like, play services disabled on the different profiles and stuff. Like, it's not like a device wide thing. So you can very much sandbox. Graphene does a wonderful job of sandboxing everything anyway within a within a singular profile. But if you wanna take it to the next level and segregate them out between profiles, which are kind of like phones within phone sort, then you can do that as well, and they can be protected by different pins and stuff.
[00:20:11] Unknown:
I might be tempted. It's Christmas coming up, isn't it?
[00:20:14] Unknown:
Yeah. It's, what I highly recommend. Very, very performant phone. Okay. Final bit of AOB for me is another reminder for people because I saw another Telegram scam happen over the weekend where somebody lost a significant amount of funds by giving their private keys to an impersonator of an admin in a Telegram group that I'm a part of. Obviously, a heartbreaking story, one that never gets any easier to hear about even though it happens as frequently as it does. But just once again, another PSA that if you need support with your hardware wallet, your Bitcoin wallet, or anything Bitcoin related, go straight to the manufacturer or the project or whatever is their official support channels.
If you ask for support in a community Telegram room, expect that you're gonna get loads of DMs from people who appear to be the admins of the Telegram group. They are not those people. They are impersonators, and their sole purpose in life is to sit there and wait for people like you to ask for support and then to pop into their DMs separately and say, hey. I can see you that you need support, and then they'll socially engineer you with the end goal of saying that they're gonna help you. And then generally speaking, what they'll do is they'll send you a link to a website that asks you to enter your seed words. And as soon as they've got those seed words, they send all of your funds to a wallet that they control, and you have zero recourse.
This may seem obvious, and most people listening to this will probably already be in Telegram and will be familiar with this. But if you are that type of person, then just take it upon yourself to make sure that as you're introducing people to this ecosystem, that you're telling those newcomers to remain extremely vigilant. Telegram is just a shit show of scammers. Go direct to the to the manufacturers, the project owner via email or whatever official channels they have available. If you must ask in a community Telegram room, just expect that you're gonna get loads of malicious DMs, and you should treat everything with extreme, extreme caution.
[00:22:19] Unknown:
Yeah. And especially now that we're getting quite a few more newer listeners. If you are sort of newer to Bitcoin and you're listening to the show, then if for any reason you're locked out of a wallet, which has got your seed words in it and you're getting worried, at the end of the day, as long as only you have those seed words, your funds are safe. You might not be able to access things right now, but they're safe. And, like, from personal experience, early days, the panic is real. You we haven't used it a lot. You're like, oh my god. Oh, you know, could I lose it? What's happening? And when you're panicked, you make mistakes. And that's when you jump into a Telegram room. These predators are just gonna jump on you and and take your Bitcoin. So if you are getting DM ed, at very least, reach out to a couple of other trusted people and just say, like, is this a legit channel? Like, what's happening?
And, obviously, do not ever, ever, ever give your seed words to anyone ever for any reason ever. You don't need to. There's never a case where you have to do that. You can reach out to me or q or something if you're in a real panic and you're not sure what's happening, but do not give them over. Yeah. I would kind of push back against what you just said,
[00:23:30] Unknown:
about reaching out to us just because they might get the wrong person that isn't us,
[00:23:35] Unknown:
because we both have impersonators on Telegram. No. I don't have one yet, mate. Really? No. No. I'm not big time.
[00:23:41] Unknown:
Yeah. I would just say just go direct to the project owner, to the manufacturers.
[00:23:45] Unknown:
Just go on their website. They'll have a support point. Just go there. Yes. It might take a little bit longer to get for you to get a response, but you know that your response is gonna come from a legitimate source that isn't gonna try and steal all of your shit. Yeah. When I said reach out, what I mean is, like, if you're not sure about something, you can reach out to a few people, like trusted people. What I meant by that is, like, you know, if you're reaching out to you think is the real me on Twitter or Telegram and you think is the real Q, you think is the real, you know, whoever, someone that you listen to and trust, you're less likely if you reach out to a few more people. There's more points of contact in the real world that someone's more likely to say, like, no. No. Fucking don't do that. That's what I meant. Yep. Makes sense. Stay vigilant, people. Otherwise, this shit's just never gonna stop. No. Okay. Couple of news items.
[00:24:34] Unknown:
Our good old friend, mister Craig Wright, is not done with his lawsuits just yet. What a guy. He has filed a £911,000,000,000 lawsuit.
[00:24:48] Unknown:
Amazing.
[00:24:49] Unknown:
£911,000,000,000 against Bitcoin Core and Square without legal representation. So I think he's going this alone, which
[00:24:58] Unknown:
Amazing.
[00:24:58] Unknown:
Shouldn't surprise me for this individual, but somehow it does. Australian computer scientist Craig Wright has filed a 911,000,000,000. Oh, and 50,000,000 there's 50,000,000 on top of it as well. Okay. Yeah. Lawsuit against Bitcoin Core and Square Up Europe, Jack Dorsey Company. According to Wright, the legal action concerns issues related to the integrity of Bitcoin's design rather than the question of its creator's identity, which as we know has been the final nail has been driven firmly into that coffin. Wright specified that the focus of his lawsuit is not on Nakamoto's identity, but on the assertion that Bitcoin Core has failed to adhere to the design principles originally established for Bitcoin.
According to Wright, Bitcoin was meant to function as electronic money for microtransactions without the mediation of central entities, And he has requested that Bitcoin Core demonstrate compliance with these original principles. It's so good.
[00:25:57] Unknown:
Wow. What I love when I hear that story is I've got one friend who is such a fucking artist and what he loves more than anything to wind down from his work, which is quite stressful, is to watch retarded stuff and just laugh at it. His favorite thing is watching the Craig Wright stuff. He loves to watch, like, him give these speeches and tie himself in knots and give these amazing excuses and stuff. And I'm very happy that he's gonna have some more material to watch and entertain him. So that's that's one part of it. And the other part that I really enjoy is that there are gonna be a core group of BSV enjoyers, the super fucking retarded people sat in their mom's basements who are gonna be rubbing their hands with glee to king, oh, we're finally gonna get them.
[00:26:47] Unknown:
And that's for the summer. Is different. Yeah. So I was about to pose the question of how on earth did you come up with the figure £911,050,000,000,000. But it's in the claim form. Apparently, you have to state this. So estimated value of the claim, £911,000,000 £50,000,000. This is based on the difference in market valuation between Bitcoin, BSV, at £50 per unit, and BTC at £46,000 per unit, reflecting the financial impact of misrepresentation and resulting market loss. The financial impact of misrepresentation and resulting market loss.
[00:27:27] Unknown:
So good, isn't it? Wonderful. They are gonna be rubbing their little greasy hands, their Cheeto covered greasy hands.
[00:27:37] Unknown:
I I don't understand why or how Square Europe is involved in this. It's all very strange. And again, I shouldn't be surprised by how strange all of this is, but again, I am. I guess when you're backed into a corner and you lose time after time after time, then I guess you have to come up with
[00:27:58] Unknown:
more and more weird and wonderful shit to try and get your point across. I thought, well, I think he's he's, like, hiding out somewhere in Asia in some, like, closet somewhere making little videos and stuff. And I suppose, like, when you're sat there in the dark alone and you've fallen from grace, you might just think, do you know what? This is a good idea. This is a great idea. This is what I'm gonna do. And then you go through with it, and that's what we're gonna see. We're gonna see it play out. That's gonna be reentertaining.
[00:28:29] Unknown:
It does really drive home the importance of having people around you that aren't afraid to tell you that you are crazy fucking lunatic and you should not do a certain idea.
[00:28:39] Unknown:
Yeah. I'm lucky. I get reined in by you and John quite often. Don't do that, mate. That's too far. That's too much. You need it. Indeed.
[00:28:51] Unknown:
Okay. The next news item we have is did you hear about TD Bank paying a, quote, historic fine for drugs, bribes, human trafficking, and money laundering? Normally, I wouldn't bring this sort of stuff up, but I wanted to raise it and talk about it and then draw some, or or highlight the nonparallel. Yes. The nonparallel between this and the samurai.
[00:29:20] Unknown:
Sorry, mate. I just, I meant to mute myself, and I muted you. You need to unmute. Oh, I just muted you again. You need to unmute yourself. I'm back. Sorry, mate. That was so rude. I meant to mute myself because there's a lot of noise going on in my house. I didn't know you could mute, because you're the host, I guess. Yeah. Yeah. Yeah. I'm the big daddy. I can I can do that?
[00:29:40] Unknown:
Last week, TD Bank agreed to pay over 3,000,000,000 in penalties in a plea deal with the US government for bank secrecy act violations, making TD Bank the 1st US bank in history to plead guilty to conspiracy, to commit money laundering, and the largest US bank plead guilty to violations of the Bank Secrecy Act, according to a release from the USDOJ. So it turns out that if you violate the Bank Secrecy Act and you commit money laundering or conspiracy to commit money laundering, and you have the right contacts, then you can get away with a slap on the wrist and 3,000,000,000 quid in fines, which it turns out is 1% of their revenue. Cost of doing business. You don't have to go to court. You don't have to have, law enforcement boot down your door, have all of your devices searched, have your family put through hell. You don't need to do all of that. All you need to do is be an official bank, and they say, yep. Just give us 1% of your revenue, and they'll be fine. Yeah. Yeah. Yeah. I mean, the thing is there is a difference here.
[00:30:44] Unknown:
These guys were involved in human trafficking. That's really enjoyed by the people who make these decisions. So they've gone, okay. Alright. You've done all of this money laundering. We're not a massive fan of money laundering, but you throw in some human trafficking there, and we love that. So we're gonna actually just fine you 1%. Don't worry about it. Whereas if you're making Freedom Tech and trying to protect people's privacy and trying to protect them from some real issues in life, but you don't throw in the human traffic and you don't do anything that's really dangerous and harms people, then you're gonna be in trouble. And I'm not suggesting that people throw that in if you're a developer making this kind of software. Just bear it in mind. Yeah. It could be your, get out of jail free card. Yeah. If you wanna read more about this,
[00:31:30] Unknown:
you can go to the rage.co. Lola leads has done a very good a very detailed write up about the the kind of details of of it. But I just wanted to to highlight the ridiculous injustice in what appears to be, you know, a very similar quote, unquote infringement of the US laws, should we say. Absolutely just ridiculous.
[00:31:52] Unknown:
I went off on a long rant. Well, as I was editing, I was like, oh, shut the fuck up. I'm sort of ranting, mate. But last time I went on a rant about just how crazy the world is with some of this stuff, you know, this really does highlight it. And linking to another story that, not really story, but there was a recent podcast with everyone's lord and savior, sailor, where he's saying I was gonna play the clip. I just couldn't be bothered to put it in. But he was saying basically it's like a load of, paranoid crypto anarchists who care about holding their own wealth and that they're only doing it to sell you hardware devices, and they're only doing it to sell passports, and it's completely unnecessary.
I I would just say to anyone who's stupid enough to believe his bullshit, also consider the fact that by taking your money away and out of the hands of custodians, you're also keeping your purchasing power and your energy away from these fucking disgusting pedophilic murderous cunts. And for nothing else, you should be considering it for that reason.
[00:32:58] Unknown:
Plus one to that. Couldn't have said it better myself.
[00:33:01] Unknown:
Okay. Let's hit some boosts. Late stage Huddl, 33,133 sats. It seemed I forgot to boost the last show. Sorry. Love you guys long time. We will forgive you, late stage Huddl. You are an avid supporter of the show. So thank you once again. Atdampshadoonef6. Great name. That sounds like a paid end, doesn't it? Dampshado. Dampshado. Yeah. It does. 12,500 sats. Keep up the good work, gents. 8 Mithrandir, 7,777 sats. I have not played with start 9. I'm still holding out for Catan's next node guide. That is a very good point, actually, Catan, if you're listening to this. Long time no speaking friend. I hope you're doing well. Also, we are long overdue. I think the last one was in 2022. So,
[00:33:47] Unknown:
pull your finger out, mate. I remember that. And he was I can remember him saying a Dell Optiplex. He kept talking about Dell Optiplexes.
[00:33:56] Unknown:
I'm sure, there's probably not that much change since the one he did in 2022. So it's probably still almost certainly relevant. He was doing it all from
[00:34:04] Unknown:
scratch, wasn't he? It was like Yes. In the command line, and you're pulling in core, and then you're pulling in all your different bits that you needed. Didn't you run 1? I did. And then
[00:34:16] Unknown:
all of the software needed updating and because you it's all installed individually, you have to update them all individually. And I like to be a lazy piece of shit and just click update in my node UI and just have it all done for me. So clearly, when you build it all yourself, you don't have that. And I just got lazy and didn't update all the software, and eventually it just fell over. Yeah. Fair enough. At Bon, 3,456 SATs. Respect for doing the due diligence and picking well aligned sponsors. When sharing various episodes of Ungovernable Misfits with people, I don't have to give the obligatory warning about those sponsors or ad reads. Okay. That's fine. Thank you, sir. We do try. At wartime, 3,333 sats. Whoop whoop. With cheers, beers. Chatef, 3,000 sats from PodFirst, no comment. FOMO Mattronic, 1,001 sats with a winky face.
Limon Schlonge. I think I've said that right. 1,000 sats from Breeze. Thank you. Pinkfox, 1,000 sats from Breeze. Again, no comment. He's expatriotic with 690 SATS from Podfest schooling me. Q and a. The 2 beers clinking is cheers, not beers. The 2 hands that look like they're either praying or giving a high five is praying or is bowing in Asia, depends on the context. And the chili is supposed to mean spicy, not chili. Okay. I think those were fair mistake for me to make. They're fair enough. He's very particular about things, especially when it comes to coffee.
[00:35:45] Unknown:
Extremely particular, but we appreciate you,
[00:35:48] Unknown:
righting our wrongs there, mate. Thank you. I have ex patriotic down as a latte man. I don't know why. Hopefully, you can prove me wrong.
[00:35:55] Unknown:
I can't remember that. All I know is that he goes into extreme detail about the way that you should or should not prepare your coffee.
[00:36:06] Unknown:
No. I just had a power cup.
[00:36:13] Unknown:
Not sure if I've lost you or if you're just dreaming of coffee. I think I've lost you. Oh, you can't. I'm gonna have to make a guide for q and a of how to use how to use a VPN, not go offline all the time. Ridiculous. Oh, he's properly offline now. No. He's right. Stay there. Power cut. Fuck. Stay there. This guy. I'm gonna make a coffee while he's fucking around.
[00:36:59] Unknown:
It appears that, I have been transported back to the middle ages, and my Internet sorry. My power just keeps going off. It's just gone off twice in the last 2 minutes, so apologies for dropping off. We I'm listening. Were talking about ex Patriotic being a coffee artist. We were. Yeah. I've never seen anything like it.
[00:37:20] Unknown:
Book suggestion.
[00:37:21] Unknown:
Book suggestions?
[00:37:22] Unknown:
Yeah. What was the one do you know what? He said the book, and I realized I actually had it. He suggested I've got it here. I was using it to prop up my screen. James Hoffman is who he suggests. And I actually have the book here because I quite like my coffee, and someone bought me this one Christmas or something. But it goes through, like, home roasting, how to do that, where the different beans come from, what temperature you should be having your water at, what type of water you boil with bottled water, not tap water, weighing the bean, the drip tech just like it's I mean, this is the book closing now, and that will be the last time it opens.
But but thank you to the kind person who bought it for me.
[00:38:11] Unknown:
Well, I take my hat off to the expert, Jacek. If you've got that much free time, I envy you. Yeah. Pies De Pleb, 420 SATS. Max, you need to put John onto JK and gigs. I'm an American, and I completely understand everything they talk about in grime music. But then again, I am a knucklehead who spent many years doing dirt in the streets of dirty Jersey. So laughing face. I can't believe he knows JK. That's so niche. That is very niche. Giggs, I can understand because he's done Yeah. Yeah. You know, some collabs with some big around Oh, Americans. Yeah. Yeah. JK is very niche, so I'm impressed by his. You would not ever normally hear someone
[00:38:49] Unknown:
from any other country
[00:38:51] Unknown:
know who he is. He's quite good though. I quite like him. And if you are an American and have no idea who or what we're talking about, go to Spotify and search JK, as in j a y k a e. Yeah. And, you're in for a treat. I do like a bit of grime in the gym. Yeah. I'm gonna say this one wrong again. I know you corrected me last week, and I'm gonna have to have you correct me again because I forgot what you said. Abel.
[00:39:16] Unknown:
Oh, it's a I b l e. ASIC instruction before leaving Earth.
[00:39:25] Unknown:
Boosted with 801 sats. Great episode. Congrats on the new sponsor, and god bless. They also boost the 2nd time with a 100 sats. So don't listen to a a ton of secular music these days, but when I did, there were some UK classics for sure. If you want to bring John over to your culture, I'd recommend Skinny Man Counselor State of Mind, Klashnikov, Sagas, or Plan B, Ill Manors. Ill Manors is a good album. Or even Hack Baker, It's an Easier Transition for American ears. I gotta admit, I've only ever heard of Plan B out of all of those. I've heard of skinny man, but not the others. Yeah. Plan b obviously, but not the others. Nice. Hack baker. I'll have a listen. Yeah. I'm gonna have to search those later. BTC onboard, 500 sats with 2 lightning bolt emojis. Jump spot Julian, 500 sats. 1st ever boost.
Question, can I have more than one wallet on my passport at the same time? Want to move KY seed stack onto the device, but don't want to combine the non KY seed stack. Love the show. Thanks for everything. Yeah. Absolutely. And there's 2 main well, there's actually 3 different ways that you could achieve this. I'll give you a high level, but reach out to me if you kind of want me to give you some more links and stuff where you can go and watch videos and things like this. But the 3 ways you can do it, number 1, you can just have sub accounts on Passport. That way you only have to manage one set of seed words. And then under that set of seed words and passphrase, if you choose to use a passphrase, you can have account number 0, the default one, and then account number 1 for your no KYC stuff. Account number 2 for your daughter's savings. Account number 3 for your, I don't know, your drug pile, whatever it is. BitPay85. Nice bit there, actually. It's it's not bit85, actually.
[00:41:05] Unknown:
Oh, for fuck's sake.
[00:41:08] Unknown:
I'll come in on to that in a minute. This is just the the Bitcoin subaccounts that, to be honest, most hardware wallets do support. We just, in my opinion, have the best implementation of it. To do that, all you should do is scroll when you're on the home screen, scroll to the right, and you'll see new account. You'll be asked for an account number and to give that a name. And then once you save it to the device, you'll then see that you've got 2 account kind of dots at the bottom of the screen. 1 will be the default primary account, and then one will be the one that you just added. You can rinse and repeat that process for as many accounts as you want. Most people just have 2 for the purpose as outlined in the question, KYC and no KYC. The beautiful part of this is different accounts have their own unique list of addresses, and the 2 accounts can never be spent from at the same time. So you can't merge the KYC and no KYC, like, if you're not paying attention or something like that. And you only have to worry about keeping one secret,
[00:41:59] Unknown:
your seed words. I never knew that was even a thing, mate. And I've used a passport a lot. Accounts are wonderful. That's smart because I've done it in terms of I have different accounts on there, but it's each one has different seed phrase 25th words. Mhmm. Because I was like, oh, well, if I do it that way, then it keeps things separate. But actually, I didn't need to do that. I could have just done these subaccounts.
[00:42:24] Unknown:
Yeah. Well, I've just said it's all wonderful, and it is. However, there's one thing it doesn't give you, which you did a lovely segue for me there, Max, is it doesn't provide you with as good plausible deniability. In that scenario, if somebody were to somehow grab hold of your passport and know your PIN to access the device, which is unlikely, let's be real. Yeah. They'd be able to see all of your subaccounts. So they'd know where to go and look to be able to access everything. They can see, oh, he's got a no KYC stack, and he's got a KYC stack, and he's got an account labeled this, and an account labeled that, blah blah blah. Like, it's all there visible on the screen. If you implemented the second way to do this, which is with passphrases, then you then gain that plausible deniability with some of the trade offs that you don't get with the first thing that I mentioned. Mhmm. So the second way you can do this is with passphrases. So you have the passport with its 12 or 24 word seed. You can use, let's say, the non passphrase protected wallet for your KYC stack, and you just spend from there as normal. Then you want to segregate your non KYC stuff. What you could do is on that very same device, once again, scroll to the right from the home screen and enter a passphrase.
When you enter the passphrase, you create a new wallet that is a combination of the passphrase plus your 12 or 24 word seed that lives on the device. Brand new wallet with, again, its own list of unique addresses that cannot be spent from you know, you can't merge the passphrase wallet and the non passphrase wallet funds in a single transaction. So it's difficult for you to merge them by mistake. This gives you great plausible deniability because the passphrase is never saved onto the device. So in the scenario again where somebody somehow grabs your passport, forces you to open it, all they then see and gain access to is the non passphrase wallet. If all of your No KYC stuff is in the passphrase protected wallet, there's no trace of there ever being a passphrase entered to that device ever. So you've got great plausible deniability in that scenario.
But you now have an extra piece of information that you need to keep safe so that you don't lose access to a portion of your funds. That is your passphrase. And if you're like Max and you have multiple passphrases for multiple different wallets, then you've got you're multiplying the amount of shit that you need to look after.
[00:44:38] Unknown:
Yeah. It can get very complicated very quickly. Like we're saying, 5 or 6 phones, multiple laptops, multiple passphrases, and accounts, and it's just it it you sometimes look at your life. You go, what the fuck am I doing? So there's probably a nice middle ground, something like BIP 85 and then having, like, a couple of passphrases on top of things and just using 1 or 2 devices rather than,
[00:45:04] Unknown:
going mental. Yeah. And and that again once again, perfect segue. Thank you, Mark, for option number 3, which is BIP 85, which within Passport is called our key manager. To enable this, you would head into the settings page, scroll down to extensions, and you'll see key manager in there. You just need to enable that, and then that will give you a new window on the main menu system within Passport called key manager, where you can go in and generate what we call child keys or child seeds. Here, what happens is we you know, we've covered bit 55 in-depth in previous shows, but a quick high level. You have your master seed backed up. You'd stamped it to steal. You've done your encrypted backups with Passport as well. You've got your backup. So it is great. You then decide that you have a need for extra wallets populated by extra seed words, But you don't wanna have to be able to back all of those up and have, like, Max has 10 different seed words in 10 different cities all over the UK. And I'm being facetious here, but you get the message that I'm trying to put across.
With Key Manager, you can do that in a deterministic fashion from your master seed phrase. So what you do, you go into the Key Manager, and you say, okay. I want a 12 word seed from path number 1. And it say, okay. Great. Using your master secret, if we apply path number 1 and the BIP 80 5 standard, here is your first child seed. That is a valid BIP 39 child seed in its own right that you can go and put wherever you want. You can go and put it into a another hardware wallet, a spiral wallet, cake wallet, envoy wallet, or you can temporarily load that onto your passport and just make it active for as long as you wanna use the device for that session. So you could use this key manager functionality in that way to segregate your KYC stack, your non KYC stack, and all of the other purposes that you have. Now rather than them being segregated at the account level, these are protected by their own set of seed words, which again has the has its pros and its cons. You, again, can't merge them in a single transaction. So if you're concerned about segregation, this is a great thing to or this will definitely achieve that for you. But it does add a bit of complexity. You've got to kind of understand how the key manager works, and there is small pieces of additional information that you have to back up. Like, if you generate 5 child keys, all you need to know is that you've generated 5 child keys and that you've used key numbers 1, 2, 3, 4, and 5. Now that's gonna be fairly easy if you are a sane human and you do 1, 2, 3, 4, 5. But if you like to come up with root golpert machines like Macs and you choose key number 4,372 and you don't back that up, you're gonna have a pretty bad time if you lose access to that child seat, then you then need to regenerate it using passport. That's kind of the whole point of this key manager. If you don't know that key number, then you're gonna have a long session of trial and error until you find the one that you're after. So use the same defaults. Just go 12345.
Give it a nice lovely key name. It's all backed up to your encrypted backups. It's a very, very powerful feature and could absolutely be applied to the scenario that Jumpspot Julian used. So loads of different ways you can use it or achieve this. It just depends on what you wanna back up, how much complexity you're comfortable with, and whether you want the additional plausible deniability of the the latter 2. Okay. Gnostic gang, a 100 sats. He said or she said fuck Twitter. Fishy stick, 100 sats, said fun show. Bitcoin HODL with a 100 sats. Bravo. Keep them coming, gents. Love listening. Glad you're doing more of these. We appreciate it very much. And that is it from Founting well, that is it for the podcasting 2.0 support, should I say. That covers all of them across Breeze, Podverse, and of course, Fountain. By the way, great episode with Oscar. Listened to that the other day if you're interested in Fountain and kind of the the rationale behind their move to Nosta, which I know ruffled some feathers.
Yeah. Worth a listen. Should we jump into
[00:48:50] Unknown:
XMR chat, or we wanna jump into some other bits first? Yeah. Let's do it. Okay. 1st XMR chat is from q and a truther. 0.065 XMR. Q and a has calf implants. The truth shall be told.
[00:49:09] Unknown:
Okay. Wow. Two points here.
[00:49:12] Unknown:
Number 1. Woah. Spicy.
[00:49:15] Unknown:
I still haven't worked out whether this is you, John, or Jordan.
[00:49:20] Unknown:
Okay.
[00:49:21] Unknown:
And number 2, absolutely not true. And if you actually saw my cars in real life, then you'd realize that we're just we are stretching the truth quite significantly here, and it was just a very good photo of my likes in Nashville.
[00:49:34] Unknown:
Thou doth protest too much.
[00:49:37] Unknown:
Perhaps. Yeah. Maybe I'm blowing my own brother.
[00:49:42] Unknown:
Well, q and a truther, thanks for, bringing this to our attention. We appreciate it. Private, 0.007 XMR, no message. Private again, 0.019 XMR, no message. Private again, 0.062 XMR with just 3 cigarettes. Bill Gates, 0.093 XMR. Great podcast. Almost as good as my billions. What's your recommendation for BTC nodes these days? How to install Dojo safely now that the repo is down? And do start 9 and Umbrel offer an only Bitcoin core and should thus be avoided? Thanks. Plus, stay safe and un Microsoftable. Very good. I like that one. It's nice to have him on board, creepy fuck, isn't he? Thanks, Bill. But we appreciate the XMR. Recommendation for BT nodes these days. I think we're both on the same page with start 9 being certainly up there. That's what I'm running. That's what you're running. It's very, very good. There's lots of things you can do with it. I've had the least amount of problems that I've had with any node with it, so that would be what I would suggest.
How to install the Dojo safely now that the repo is down?
[00:51:11] Unknown:
There is still an actively maintained fork by a guy that goes by Dojo Coder on Twitter. Great guy. I will drop the link to that repository, which is hosted on GitHub, and we can put it in the show notes again. Jordan, please remind me. Excellent.
[00:51:26] Unknown:
And then do start 9 and Umbrel offer an only Bitcoin call? I know start 9 has what's the one with the logo that looks like an asshole? Ocean knots. And then knots. That's it. Knots. Ocean and then knots is the other one. I'm pretty sure that they have that asshole version available on start 9 if you are that way inclined. Nothing wrong with it, you know, each to their own. I don't know about Umbrel, though. I think Umbrel also offers knots. Okay.
[00:51:58] Unknown:
Speaking of nodes and power cuts, I think my start line hasn't come back up after my power cut. So, oh, how the tables have been turned.
[00:52:08] Unknown:
Maybe now is a good time to get your shit together and upgrade that NVME.
[00:52:13] Unknown:
Perhaps you're right. It's already fucked,
[00:52:16] Unknown:
so why not?
[00:52:18] Unknown:
That's really annoying.
[00:52:21] Unknown:
Goddamn. Do you not have a backup power thing? No. I'll give you mine because Rabbit very kindly gave me one. A good one. What's it called? An beat on one? It's like a 100 quids worth, but I just don't need it anymore because I've got a laptop that I'm running as my server.
[00:52:40] Unknown:
Of course. Internal battery. Okay. Cool. Yeah. Next time we meet up, I will,
[00:52:44] Unknown:
take that off your hands. Handy little bit of kit. I don't know how long it I think it runs for, like, an hour or something like that. It has, like, a separate battery.
[00:52:51] Unknown:
Nice. Okay. Cool. It is backup, by the way. I just, I was using the wrong IP address like a complete moron. Okay. Well, I'll take that offer back then. You can't.
[00:53:01] Unknown:
Okay. Firmware updates and releases. Let's start with the passport 1, version 2.3.5. So this is a bit of a hotfix. We had a busy week last week. It transpired last week, we released version 2.3.4, which patched the communication with the Casa app. So Casa customers will be happy to hear about that. It's been, a long work in progress back and forth with their team to iron out all of those issues. However, it transpired that when people try to update the previous in the version 2.3.4, they were getting stuck partway through the update process, and everybody was getting stuck at the same point in time. It was, like, 98% verifying, signatures, which is very strange and very unusual. So the team and I jumped on that to do a lot of troubleshooting to find out what the issue was. And just wanna be clear, by the way, this is only affecting users of version 2.3.2.
When they're trying to update from there, this is where they were getting stuck. So if you're on an older version, you don't need to just disregard everything that I'm saying. You can update just fine. So we found the issue within, well, less than a day and put out a fix for it, which is contained within 2.3.5. But that still poses the problem of how do we get those users from 2.3.2 up to the latest version that doesn't contain the, minor issue preventing, from getting, you know, off that version because the bug is with the firmware update process itself. So we ask that those affected population, if you do try to update your firmware and you do get stuck at 98% verifying firmware sorry, verifying signatures. Excuse me. Please just contact us via email. We've got some simple instructions that will enable you to complete in 5 to 10 minutes that will get you off this version and updated to 2.3.5 so that you can then just go and from then on have a bug free software and be able to update in the usual fashion. Nothing to worry about in terms of the security of the device or any kind of compromise of the private keys or anything like that. This was an isolated bug that just stopped people being able to update. Once again, only affects those users that were quick to update to 2.3.2.
If you're on any other version, you should be fine. But with that said, if you experience any issues, hello at foundation.xyz, and we'll walk you through all the steps. Like I say, it takes 10 minutes, and then you'll be absolutely fine again. But, with that said, you know, we appreciate that some people were kind of a little uneasy for a couple of days last week while we worked on it. We went from bug report to shipped firmware release with instructions in less than 48 hours. So very proud of the team for for jumping on that so quickly. But, again, wanna extend apologies to those affected. We appreciate that it's not exactly an ideal situation, and, we're happy to walk anybody through the steps required. But, again, just to reiterate, please don't ask for support on Telegram. You know, just come directly to us, and we'll, we'll get you sorted out. Do you have any more
[00:55:57] Unknown:
gray hairs from last week than you did previously?
[00:56:02] Unknown:
Many and large bags under my eyes. Yeah. We we we worked very hard to to pinpoint the issue as quickly as we could and to to ship an update and to get the relevant documentation ready as well so that the affected population could, you know, have easy to follow instructions so that they they know what they need to do. So, yeah, it was a it was a testing week. I felt like I hit my wages last week. But, again, you know, it it's software. There's a famous saying that goes around, I'm gonna butcher it. But it's something like all software contains bugs, but some bugs are worse than others or or something to that effect. Yeah. And, this is the first real one that we've had that kind of had a blanket effect on customers of a specific version. So it was a good test for the team, but, yeah, very proud of how quickly we got that fixed out and onwards and onwards.
Bitcoin Core version 0.28 has been released. Not a huge amount to write home about the the average user would be concerned with. The main 2 would be testnet 4 support because testnet 3 is booked and will be phased out early next year, I believe. And the other right home one is mempool policy change that mempool full RBF has been changed to be active by default. What this means basically is that your Bitcoin Core node will effect will accept, excuse me, child transactions or replacement transactions even if the original one doesn't flag for RBF. This is kind of impossible throughout the the whole the entire network anyway even if your node didn't run it because most of the miners were were running this policy because they're financially incentivized to do so. But this is now a default configuration in Bitcoin Core so that any mempools that you have driven from your own Bitcoin Core node will accept those child transactions even if the parents did not signal RBF.
Zeus version 0.9.1 main release has now been released. We've been fill up in we've been talking about beta release candidates for, quite some time with this one, but it is now out as main release. So if you don't like running betas, then you can go ahead and grab it. Quick reminder of the highlights, spot 11 blinded paths, lnd nodes, you can spend full coins, great for privacy, experimental release for rescanning external wallets. So if you pair your passport accounts to Zeus, you can now rescan for your historical transactions, which I'm very happy about.
And then to some simplified open channel user experiences and updates to on j on chain address list viewing and keypad views and things like that. A project that continues to love and use every single day. Shout out, Evan Kaludis. Speaking of Lightning, Phoenix version 2.4.0 and 2.4.1 Android have been released. Just to be clear, 2.4.0, what I'm about to talk about is for cross platform, but they've also released 241 for the Android client, which had a bug in it. So 240
[00:58:51] Unknown:
changes. This is a major release for Android and iOS. It makes Phoenix compatible with the new open protocol that is now used by the Async LSP. This new protocol is a
[00:58:57] Unknown:
async LSP. This new protocol is a thin layer on top of dual funding, splicing, and liquidity ads, all recent additions to the lightning bolt standard. So it looks like they've kind of open sourced the LSP software that they are using for in the in the Phoenix kind of mobile client, which is cool because it works very fucking well. So hopefully people can kind of use this and and use the tools that they've kind of built on top of that so that other people can build awesome stuff like dual funding splicing and and integrate with liquidity ads as well. So, yeah, pretty cool to see. And they also added, this release also adds a button to spend funds from the final wallet to any on chain address directly from Phoenix. This is instead of having to load the wallet on a third party tool like Electrum.
A notification is displayed to remind users when funds are present on the final wallet. So I think this is when you kind of, close out all of the channels and stuff, and you might be left with a, you know, a little bit left over or something like that. Previously, you would have had to load it into an external wallet, which is a bit strange, but now you can just spend those out as you would expect. K. Stack Duo version 1.2.3 has been released. So they've done some tweaks to their Frost multisig support. They've tweaked how Bitcoin Core connects to an Electrum x behind the scenes for improved stability, and they've also added coin control for the Monero side of things. Very nice. Good wallet. It is good wallet. Yeah. Good team behind them as well. We, we chat to them quite a bit behind the scenes, ironically, on Telegram. But, yeah, good bunch of guys working for them, and, they're working on some cool stuff, which I am very excited to be able to talk about soon. What's the status with Stack getting paid out? Was it for Frost? It was for the Frost Multisig. Yeah. The HRF had a bounty for the first, I believe, mobile wallet to come out with a usable frost multisig implementation essentially, and Stackwell it from as far as I can see met that Requirement. Bounty quite some time ago, but I believe it hasn't been paid yet for reasons that are unclear to me. I know Jordan's been shaking a few trees on this one, and I think Alex Gladstein did get back to him. Okay. Basically, they said it's still under review and there's still some peer review going on, but it's still actively being looked up. Just scanning through.
Yeah. It's just still Ages ago, wasn't it? Yeah. It was quite some time ago. I remember briefly testing it out when I met up with Black Coffee quite some time ago. I wanna say it's gonna be at least 6 months ago, if not longer.
[01:01:35] Unknown:
Yeah. It feels it feels like that. Yeah. Jordan's done a a long tweet thread about it all, and, he's quite worked up about it, which I can see. Because if you have a small team and you put a load of effort into making something that there's a bounty on because you know that you can do it and then you don't get paid out, it must be quite frustrating.
[01:01:57] Unknown:
Yeah. Hopefully, it's just a a workload thing. I know a few of the guys at HRF, they they've definitely got their hearts in the right place. So, hopefully, everything will be sorted out. And Yeah. Rehar and the and the team will get the bounty they deserve for, you know, producing this cool piece of software. Yeah. That would be good. ESP miner 2 3 o. This is for our fellow Bitacx fans. They've released the new latest firmware and also a new version of the web UI as well. The main thing I wanted to highlight, because this is very much not the mining show on the Ungovernable Ormus fits feed, but I thought it was cool. And I'm pretty sure you probably won't know about it yet, but, would find it useful, Max, is within the web UI now, you can set a fallback pool, and you're probably sitting there thinking, yeah. Oh, god. All my miners that Compass used to use would would have had this anyway, but I don't know whether it's a common thing. But basically, if you let's say you're mining on public pool and public pool goes down, which Mhmm. Does fairly regularly, albeit temporarily.
Mhmm. You can now configure an alternative pool, and your Bittacks will detect when the primary pool is down and then just switch and point to the secondary pool so that you're not kind of wasting any time or any hashes while the primary pool is down. So I thought it was pretty cool. It's very simple. You just plug in, I think it defaults to c k pool as a secondary one, and you plug in your address just like you would for the primary pool. And that's it. You just restart the miner and and away you go. Very nice. Have you, hit any blocks yet? Not yet. No.
I think the listeners will know. There will be signs
[01:03:31] Unknown:
just like the name. What would you do? What would be your, oh, I guess you've already got the Pixel 9. You've already balled out.
[01:03:40] Unknown:
Yeah. Don't know. I'd probably go on a pretty big holiday. Would you? Yeah. I'd probably go dorm or something. I'd prob I'd probably go scouting for, home 2.0. Just take, like, a month off and just go to some potential Citadel, solutions. Spec them all out. Nice. Cake Pay web version now accepts lightning, which is pretty cool. Hopefully, that's a sign of things to come from within CapePay Wallet itself. But, good that you can now buy all of your usual gift cards, prepaid Visa cards, etcetera, etcetera
[01:04:17] Unknown:
Mhmm. On CapePay web. We wanna specify that it is just the web at the moment, not the mobile application. But, yeah, you can now spend your Lightning Sats on there as well. Before I saw that message go out that that was being added, I was thinking it would be quite nice actually to have Lightning in here. And then literally, like, 2 days later, bang, it's in. There you go.
[01:04:36] Unknown:
Always shipping. Final one, which is a new release, or new to me at least, that I wanted to, shed a little bit of light on is a project called Lightning Welder. Basically, Lightning Welder is a converter for a Bolt 12 offer, which we're big fans of, into a Bolt 11 invoice, ensuring compatibility across Lightning wallets. So scenario, why would you wanna use this? Let's say you only have access to, I don't know, Wallet of Satoshi. And Wallet of Satoshi, to my knowledge, does not speak Bolt 12 yet. And you want to send the show a donation. And all you can access for the show, again, hypothetically speaking, is our Bolt 12 offer, which is just a QR code that's on uncovertablemisfits.com. Well, in that scenario, until this thing existed, then you wouldn't be able to send us any SaaS because, well, so she only speak to traditional Bolt 11 invoices.
Now what you can do is grab the Bolt 12 offer, paste it into this, lightning welder tool, which is just a simple website, and it will spit out it will do the conversion for you, and then it will spit out a Bolt 11 invoice for you to scan with your inferior lightning wallet so that you can send some sats to the show. Pretty cool. Completely free and open source software. Very nice, simple UI. It's just 2 things. You paste in the Bolt 12 offer. You tell it how much you wanna send, and it will just give you a traditional Bolt 11 invoice for you to scan and pay. Very cool. Very simple. I'm a big fan.
Okay, mate. We have quite a few questions. And I'm gonna pose the first one to you. The first one is from our friend, Dice Rolls, over on Nosta. Keen to know if anybody has upgraded their Dojo to 2 terabytes yet. I thought I'd ask you because I know that you're the expert in drive mitations at the moment.
[01:06:34] Unknown:
I haven't upgraded my Dojo. I don't have a working Dojo. My last tanto that I had, I've had a few fell over, and I just don't have any more time to fuck around with it. So I haven't done it personally, but I don't think it's been an issue that I've heard of from other people. I just have a specific skill, which is to definitely make sure that a dojo never ever ever runs for more than 3 months ever in my life no matter how I think I've had 6 or 7 of them. I killed them off. So I'm not the person to ask.
[01:07:11] Unknown:
I've never done it. Never looked into it. Would probably say,
[01:07:15] Unknown:
head to the Dojo Telegram room or the Ronin Dojo 1. There's bound to be somebody in there that's already done it. If you do, let us know. I think they were shipping them with 2 terabyte the last batch they did before they stopped selling them, weren't they? I'm pretty sure you could buy the 2 terabyte ones. Someone will answer that question. And and for the majority of people, they'll just do it, and it'd be easy, and it will work. So I'm sure it's not an issue. Cool.
[01:07:38] Unknown:
Andos on Nosta, have you covered joinster.xyz yet? If not, you should look into it. CoinJoin coordinated over Nosta. Very early project, but very interesting. I have heard of it, and I won't be showing it at the time of day for quite some time unless there's significant changes for three main reasons. Number 1, the developer behind it is a very, very strange individual that said some very, very strange things to people I respect and just doesn't give me any confidence in the project whatsoever. Is that the floppy dick guy? Yeah. Yeah. He's just a complete weirdo if I'm being honest. Okay. Number 2, it runs as an Electrum plug in. And Electrum, in my personal opinion, is the most horrible piece of Bitcoin software I've ever had the displeasure of using. I just do not like the UI.
So I just don't wanna use a plug in for a wallet that I don't like. And number 3, and probably the most important one, it has absolutely 0 SYBL resistance at all. So it's trivial to flood all of the rounds, and you can't avoid kind of suspicious pools or untrusted relays. Like, it's there's just no SYBL resistance, which is crucial for, any kind of, conjoined implementation. So unless any of those things significantly change, then it's dead in the water to me. Is there anything
[01:09:01] Unknown:
about it that shows promise if it wasn't from someone you didn't like using software, plug ins that you don't like? Is there anything about the idea where you go, if it wasn't this cunt running it and it wasn't using these shitty projects, I'd be happy with it? Or is it just like you just don't think it really has legs?
[01:09:23] Unknown:
I think there might be legs to coordination over Noster relays, but I'm yet to see an implementation that seems viable. So, yeah, maybe there's legs in that and getting the kind of censorship resistance or decentralization of multiple noster relays to provide coordination. Seems like it could be a good thing. I'm sure there's lots of pitfalls with it as well. I'm you know, that are unclear to me right now, but it seems like it could be a nice thing to have versus a a centralized coordinator. Okay. But that will, of course, pose its own problems. Like, things like civil resistance is nontrivial, that that sort of stuff. Yeah. Okay. Zeyton on Nosta. Just a down to earth. How to mix coins post samurai arrest era? I've seen a critique of both Jam and Wasabi before, so I'm struggling to get up to date on the current best practice here.
Yeah. Fucking good question, mate. This is a question I ask fairly regularly if I'm being honest. Couple of things. The guys over on Gabriel's podcast, Watchman Privacy, they did a deep dive into all of the the different implementations, and that was fairly recent. Was that him and Urban? Urban Hacker. That's the one. So it would signpost you to that if you kind of like to listen to this sort of stuff. I'll give a very high level on the way I see things. Did you know I I found when researching, like, a few information points for this question this morning, did you know that Wasabi have removed all coordinator fees?
[01:10:58] Unknown:
I think I heard it, but I hadn't really given it much thought. But I suppose, again, that causes its own problems.
[01:11:06] Unknown:
Yeah. Exactly. So it's now free to use Wasabi apart from minor fees, of course, which again comes back to it being trivial to Sybil attack rounds. Like, it just seems like a very strange decision. I don't know whether they've done it till I've been why. Okay.
[01:11:23] Unknown:
Well, I know why that I know a reason that they might have done it that could be logical, but it doesn't mean that it is the actual reason. But I think they were having a problem where people were getting massively overcharged with fees, and there was some I'm pretty sure when Urban came on to the show and was talking to me about this, that he was testing it and that he ended up paying massive fees that he didn't think he was gonna pay. And I've heard the same from other people. And I'm not sure what the reason for that was, but, basically, people were getting used to join, and then the fees were going crazy. So I think they to avoid that problem that they didn't seem to have a way around that happening, they just removed them entirely and replaced one problem with another.
[01:12:11] Unknown:
I see. So, yeah, for for that reason, again, amongst many others, I I just can't kind of recommend going down that sort of route. Jam or joint market is probably the only viable on chain alternative I'm somewhat happy to to give recommendation for with the caveats that we've spoken about in previous shows of even in low free rates, it can be quite expensive if you choose to mix with lots of different market makers. Now if we're at, like, sub 5 sat per byte, then, yeah, that could be worth it to get some, you know, a fairly good level of on chain privacy. Mhmm. As soon as the fees go above that, it can become prohibitively expensive.
You do also to kind of get a full proper sort of holistic approach to this and gain privacy from market makers. You should be a maker yourself as well, which slows things down significantly. It means that you gotta have funds, you know, on a node for longer periods of time if you want to kind of do this, quote, unquote, properly. And again, something I've always struggled with. And again, hold my hands up that I'm open to saying that this is just my lack of understanding, but it's difficult for me to gain an understanding of what level of privacy I've gained when I've gone through a joint market mix. Yeah. Yeah. Yes. You can look at them on Block Explorers and see the inputs and outputs and kind of get a little bit of a gauge there, but it's it's nowhere near as easy as it used to be with, like, equal output coin joints like, Whirlpool. So if I was pushed, I'd say, yeah. Okay. Try out Jam with some small amounts of funds, but expect to pay some, you know, fairly significant fees, especially if the minor fees are jacked up because you're carrying the load for for the makers there as well.
Other than that, I would say minimize your onscreen footprint. Come in via an OKC method straight onto lightning. Run your own node. In fact, I won't go into it in detail. Just check my pinned message. I actually pinned this this morning because I wanna kinda drive people towards it. It's just like a simple flow of using Robosarts, using your your own node with proxy invoices to protect the location of your own node, blah blah blah. Once you're in Lightning, you've got good spend level privacy, albeit with some of the headaches that comes with managing a Lightning node, but freedom isn't free. And then we talk about, you know, bolt swaps to go out to on chain once your, you know, your your Lightning channels fall and you need to kinda swap some funds out. It's not perfect, but, you know, this is this is the, you know, we're in a post samurai or post Whirlpool era at the moment. So you have to look for alternatives. And at the moment, that flow that's in my pin message is is kind of seems doable for most people. But, yeah, for for larger amounts at lower fee rates, Jam, it is an okay option as well.
[01:14:51] Unknown:
My personal opinion on it on it is if people are mixing, and I think that this would be a lot of people who are asking these sort of questions. If they're mixing because they have exchange them for slave notes, and then with those slave notes, go and exchange them for slave notes, and then with those slave notes, go and buy some real Bitcoin. Because there's all sorts of problems that could come in the future for people who are doing that, especially when you're not going through something like Whirlpool, where you could be very confident that there's no tracking or tracing after that point. I just think that with all the issues that you could have, maybe that is the safest option, and then you go in clean buying with cash or in the methods that the queue's going through. So if you are thinking about your KYC stack and that this is going to fix all your problems, it's not because there's still a record of you buying it. And it's a blockchain.
People can see what's happening, and at some point, you might get a knock on the door. Yep. Cosign that one.
[01:16:06] Unknown:
FastLion on Twitter. No. Apologies. I've missed 1. On. Topic suggestion, decentralized mining future. New pools. Thoughts on the future of potential issues along the way. That's probably one for you and John, maybe? Probably one for John that, to be honest, unless you have some thoughts on that. Not really.
[01:16:25] Unknown:
Yeah. There's there's one for John.
[01:16:27] Unknown:
Okay. FastLion on Twitter. Does AlbyHub have any privacy implications when self hosted? Not to my knowledge. It's just a piece of open source software that's living on top of your node. Now I don't know whether they've got any additional tools in there, such as, like, a self hosted lightning address, which I believe you can do with the albibhope but still have it on your own node, then there would be kind of a slight privacy trade off there where you would they would be able to see your incoming transactions because they are the ones that are hosting your, you know, so and so at alpi.com. Now I don't actually know don't please don't hold me to whether that's actually a thing for the self hosted version. Obviously, I know it's part of the hosted version that you pay for because, obviously, that's, you know, a perk of the product.
But I wouldn't be surprised if they offer that for the self, you know, the self hosted version. But if if that is there, just know that that would be a trade off.
[01:17:25] Unknown:
I've got a question from that question. You were saying earlier about receiving privacy on lightning and that you could use a proxy for receiving and still run that on your own node. That would be the other option compared to, like, having if, Albi Hub does actually have an option where they host a receive for you, which would then be a privacy concern where they would have your information, but not anyone else. How hard is it to set up one of these proxies for receiving? Like, is there any issues that you see with it?
[01:17:58] Unknown:
So in respect to the flow I was talking about where you're buying on Robosats, the proxy server is built into Robosats, so it's nice and easy. You can use it independently. I believe it's the same service under the hood. It's just lnproxy.org, where you just go and you paste in an invoice and set up some the fees that you're happy to give to us for the service. In terms of trade offs, I would look at this as kind of like a VPN for your note sort of thing. So it's kind of Yeah. Yeah. A semi trusted relationship in the fact that your traditional VPN provider would see your IP address, but the whole point is that you're masking it from everyone else. You know, when you go and browse the Internet, you know, wordpress.com doesn't get to learn where you live, so to speak. So it's it's that similar sort of relationship where obviously the proxy service runner
[01:18:50] Unknown:
is gonna see, you know, you're giving it an invoice from your Lightning nodes, and they can infer from that the your node ID and stuff. But the whole point is that you're then obfuscating that from the person that is actually paying the proxy invoice. Okay. Yeah. So as long as it isn't like a honeypot or something like that, then you are better off doing that. That's the big thing with Lightning that always pisses me off. I'm like, sending, I've got down. Like, I'm I'm pretty happy with it and running it on my own note, and I'm like, okay. This is cool. I've got a great flow here. I'm happy. Receiving, I then find it weird that I'm, like, using other custodial shit to receive because I'm not comfortable with any or, like, fully understanding the trade offs or anything else. And it just feels like a bit of a stupid way of doing things. I'd like to just have control and be doing things from my own node. Yeah. Yeah. Blinded path's a
[01:19:43] Unknown:
a thing of the not too distant future, which will massively help here, which is kind of like you don't have to share your node ID. Okay. Wyatt or what's up? Wyatt Serp? How do you say that, Max? What's up? Yeah. Wyatt Serp. What what's up? On Twitter asks, does q actually strip down naked drum recordings as the image shows? Yes. I was gonna say that's for me to know and for you to try and find out, but you just blew my cover. The that art, by the way, is sensational. Love it. If people haven't seen, just go to Lightmax's Twitter or Nosta, and you'll see me and him sat around a table putting a will to rights.
[01:20:26] Unknown:
Yeah. Very good. Thank you, mate. I've been playing around a little bit. I am naked on it. You're naked on it? Yeah. That's true. That one. Do you know what? I got I was like I had a, flashback to remember we did a competition where someone had to do a drawing for us, and then someone did a drawing of you on the side of the bed. I I had a flashback to that, which I actually never claimed because the person said, oh, I'll send it to you, the original drawing, and I was gonna get it framed, but then I didn't have a PO box. And I was like, ah, fuck's sake. And I never did. I wish I have now. I wish it was in my office. Could you imagine your little one coming in? Daddy, what's that? Where'd you begin to explain that one? Yeah. Basically, it's this robot that I record this thing and this show about this thing called Bitcoin. And, yeah, where did I have no idea where you start
[01:21:19] Unknown:
with
[01:21:21] Unknown:
that. Crash Neon x on Twitter. Where can a silly Billy like me get a Ronin node to power the Ashigaru wallet? Well, Crash Neon. You have, multiple different ways. You could download the vanilla Dojo software from the repository that we mentioned earlier that we all find in the show notes that will require some command line stuff. You can also build your own Ronin Dojo node by buying the recommended hardware, which I'm sure they've probably got on their website. Go into their downloads page and downloading the most recent version of their software and flashing it to the SD card. Obviously, that's going to cost you a little bit more because you can't run it on, like, an existing computer that you've already got, but is, you know, a good fun journey to to get your hands dirty with. Or you can install the samurai server on Umbrella, and I believe that should still work with the Ashigaru wallet because it just looks for Dojo software. So 3 different ways you can do it. Someone asked this question
[01:22:20] Unknown:
recently, and could it be run on start 9? And someone from start 9 said, yes. That's being worked on apparently.
[01:22:27] Unknown:
Oh, interesting.
[01:22:29] Unknown:
Yeah. I was toying with the idea of starting a bounty for that, but if they're already working on it, then then that's very good to hear. Someone have to fact check me on that, but I'm I'm pretty sure that was said. And I'm pretty sure you can also there's an x86
[01:22:41] Unknown:
build for this, and I can't remember who
[01:22:45] Unknown:
made that, but I'm almost certain someone For Ronin? For Ronin. Yeah. Oh, interesting. Like, it was maybe it was a fork of it or something. Yeah. I think it was one of the wasn't it one of the Spaniards that did a guide for it? I'm sure I've seen that actually. Might well have been. Ring a bell now. Yeah. I'm pretty sure. Maybe somebody like Arkad, but maybe. Yeah. Okay. Final question. Trust d21 on Twitter. If you had 2 BTC in 20 UTXOs and you wanted to move everything to a new wallet, would you, a, consolidate it all 20 UTXOs into 1? Or, b, send each of the 20 UTXOs to new addresses in the wallet sorry, in the new wallet, or option c, other. Please explain.
Great question. Great question. And I am gonna bring up my usual analogy, of a spectrum. And you've got option a on the left hand side, which is consolidate it all into 1 UTXO in the new wallet. And then option b, you've got send all of them individually to new addresses in the new wallet. Option a, consolidate all is fast. It's cheap. It's easy, and you can do it in 10 minutes. But it's going to show common ownership of all of those UTXOs, because you're merging them all together into a single coin, which could cause you privacy headaches because you're showing common ownership. And if they're from different sources, I you know, some are from BISK, some are from Coinbase, blah blah blah. You're merging those and, you know, anybody that you previously you know, where you've got those coins from could see that you also own the coins that are being merged with it.
So that's one end of the spectrum. And, also, that you're then gonna end up with a 2 BTC ETF. Just about to say when you pay your plumber, they're gonna go, oh, fuck me. I should've charged more. Or fuck me. I might put this spanner to use elsewhere and wrap it around his head. So probably not the best idea unless yeah. Yeah. There is no unless, actually. Yeah. Probably not the best idea. And then option b, on the other end of the spectrum, spend each of the 20 UTXOs to new addresses in the new wallet so that you still have 20 UTXOs in the new wallet. Now, obviously, this is going to take you some more time because you need to do 20 transactions. And if you want to do this privately, you're gonna wanna do those transactions spaced out at random intervals. So it's gonna take you significantly longer than option a. It's also gonna cost you significantly more in fees because you're doing 20 transactions instead of 1, and you're creating 20 outputs instead of 1.
It all comes down to trade offs at the end of the day. What do you value more? Are you lazy? Do you want to just get it over and done with, and you don't care that the world might see that you've got a 2 BTC coin? Or are you Uber paranoid about privacy and you don't wanna show common ownership of these UTXOs and you're happy to spend a little bit more in time and fees, then, yeah, option b is definitely the right way to go. Mhmm. You could also pick somewhere in the middle of the spectrum where you realize that, do you know what? Actually, I don't want 20 UTXOs, and this is only for long term savings. And I'm happy to have maybe, I don't know, 10 UTXOs.
Then you could, rather than merging them all into 1, you could do smaller spends where you merge a couple of them at a time so that you kind of find that fine balance between the amount of time it takes, the amount of coins that you're merging, and the amount of fees that you're willing to pay for each of those transactions. There's no right or wrong answer here. Although option a is pretty terrible, and I wouldn't advise most people to their ear unless you're a bit of a whale. Generally, somewhere in the middle makes the most sense. But if you're uber paranoid about privacy, then go for option b and just send them individually.
[01:26:26] Unknown:
When he says move everything to a new wallet, in case you're new, just because you have new hardware or you're using a different software on your phone doesn't necessarily mean you have to physically move them. Like, it might be that you could just put your seed words into that unless you're worried that it isn't secure for some reason. You might not actually need to move it because I used to think that, and I don't think I'm the only person.
[01:26:53] Unknown:
That is a a very good point worth making. I just looked at this from the assumption that, I don't know, they they thought this the original seed might be Yeah. Compromised or lost or something like that or that yeah. But, yeah, very good point worthwhile making.
[01:27:08] Unknown:
The cheapest and most private way to do this is to just move your seed words. But, again, that depends on the situation with the those seed words and, you know, your confidence in them. If you are not concerned with how you've generated them and there's no leak or anything like that, then that might be an option. And I do think that, especially when you're new to it, that's something that you might not understand. So there's that. The other thing I was gonna say is, like, with other explain is maybe there's somewhere else in the middle, which is, like you said, you can have, like, a a stepping down like you'd have, with coins in terms of, like, large to small UTXOs because sometimes you're gonna make smaller purchases, sometimes it's gonna be larger. So having a bit of a range where, like, you know, maybe you have one that's like 0.25 Bitcoin, and then you have a few 1,000,000 sat UTXOs, and you have a few 5,000,000 sat UTXOs and 10,000,000 sat UTXOs.
Because then you're more likely to be able to do a spend with a a full UTXO rather than having to use multiple and and merging them again. That's something to consider. And if you are sending them across, you wouldn't necessarily have to do multiple 10,000,000 sat spends. You might consider splitting them so that it makes it a little bit more difficult to track. And I think we talked about this in you said there was a feature in Sparrow that makes this like, makes the decisions for you on what would be the most private option.
[01:28:40] Unknown:
Mhmm. Yeah. It's got some good default in Sparrow. That's another good point worth making, mate. Yeah. Nice one. Okay. That brings us to the end of the show notes.
[01:28:52] Unknown:
Everyone's asking me that, you know. Just let me tell them. Yo. Because I was the best man when d two got married to pull bear out when let's JK's not JC's clone It's a shot work because it made me though That's a little man sitting like a baby girl Phone of the boys in jail in the background I can hear me on the radio I was a guy that called so jacked that you gotta let KD go Now KD's gone Alright babe Hey you all filled that shit for his man and his mom Why am I wanting to be like us to be put in his shoes and his shit for his nad and his mom? Why am I wanting to be like us to be put in his shoes and be brag him along? I was in jail when I'm glad I'm not dying. I ain't gonna lie, but when I'm not crying, from Tazewine, I've been doing this time for the past 10 years, but I've been on our side, it's real shit. That's real shit. I wanna
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