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Join me today for Episode 1007 of Bitcoin And . . .

Topics for today:

- The New Anti-BTC Narrative
- Ukraine to Make Bitcoin Legal in 2025
- USDT Delisted in Eruope
- Bitcoin Flying Off Exchanges
- VanEck's Algorithmic 'Yield' Investment Stinks

#Bitcoin #BitcoinAnd

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https://www.theblock.co/post/330553/ukraine-to-legalize-crypto-by-early-2025-with-securities-based-taxation-model-report

https://cointelegraph.com/news/coinbase-delisting-tether-usdt-stablecoin-europe

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https://atlas21.com/kenyan-firefighters-add-bitcoin-to-their-balance-sheet/

https://www.nobsbitcoin.com/bitcoin-keeper-v1-3-0-desktop-v0-1-4/

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[00:00:00] David Bennett:

Good morning. This is David Bennett, and this is Bitcoin and, a podcast where I try to find the edge effect between the worlds of Bitcoin, gaming, permaculture,   podcasting, and education to gain a better understanding of all. Edge effect is a concept from ecology describing a greater diversity of life where the edges of 2 systems overlap. While species from either system can be found at the edge, it is important to note there are species in the overlap that exist in neither system, and that is what I seek to uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems.   It is 9:32   AM Pacific Standard Time. It is the 12th day of the 12th month of the year 2024.  

This is episode   1,007   of Bitcoin,   and, boy, howdy do I've got a manifesto   for you guys to listen to.   The left   is losing their minds, specifically   the hardcore   very mainstream media progressive   left have figured out something new to latch onto,   and its name   is Bitcoin. I've got several clips   from 3 different shows,   Young Turks,   Chris Hayes, and somebody else. And I can't really remember who it is, or what show it was on, but it was it is a high production value mainstream media,   outfit out of the United States, and all of them   all of them are 100%   now focused on killing Bitcoin.  

Why?   Because of the Bitcoin bill,   the notion of a Bitcoin strategic reserve,   and comments made by Michael Saylor to sell gold for Bitcoin   which I do not actually believe is in the Bitcoin bill. If I'm wrong about that then I'm truly truly sorry   but we're gonna we're gonna listen to these clips. I've kind of chopped them up into a couple of,   a couple of different   I've got a clip salad for you, so then we're gonna dig in and we're gonna talk about the olive and the pepper and the lettuce and the dressing.   Just bear with me. We'll get to it here in a second. But   my question   for the morning is this.  

The dude that killed the Health United or UnitedHealth CEO   comes to find out he's got a manifesto.   Can somebody please tell me   when is it that every single   murder committed in modern times,   under the eyes of the mainstream media,   the killer always has a manifesto?   This shit's been going on. I think I think it started with the the Unabomber.   I'm pretty sure it was Ted Kaczynski that started all this,   but I I don't know. I I've got a   let's start   let's get done with this lunacy   about Bitcoin.   I've I am seeing   a torrent   of   what you would consider the progressive side   coming out   in packs   like lemurs. No. No. Lemmings.  

Lemurs are too smart. They they stay up in the trees.   Lemmings, they're marching themselves over the cliff. And I wanna start with   guy talks finance   or otherwise known as Finance Guy on Twitter, who yesterday   put up   a graphic   from   May 6th   of this year. That was   before summer began.   Summer began June 21, 2024.   This was May 6th.   He puts up this graphic of who owns the most bitcoin   and he says in his tweet,   does it concern anyone in the bitcoin community that the United States,   MicroStrategy,   and China   own the most bitcoin?   Can bitcoin be easily controlled by the government   if they own the most of them?  

And then he then there's the graphic   which states that MicroStrategy   has 214,400   bitcoin.   Again,   this guy puts up   data from May 6th.   Didn't even try   to figure out who owns what now.   Right? He's got the United States listed at 207,000.   That's that's about right. He's got China at a 194,000. No clue about them. But then it comes Germany with 50,000 bitcoin.   Germany doesn't have any bitcoin   because they sold it all.   Do do you remember that? They yeah. Germany sold all their bitcoin.   So   this guy   who has   millions of followers on his Twitter account   is just   so lazy   to not   even try to do basic research.  

And so I had I had to I had to say it. I had to do it.   I retweeted it with this line and it says   it's still the same shit show on dead bird this odd nostril by the way.   423,650   bitcoin.   MicroStrategy   owns 423,650   bitcoin. Please do some basic research dude.   That's what I'm talking about. We're starting with people that have massive audiences   and they are coming   from a place of pure ignorance   laziness,   and they just refuse to understand.   And it's not because they want to understand.   It's not that they don't think that they don't understand.   That has nothing to do with it. They are completely   unconcerned with their understanding of Bitcoin. Okay. So   what could it possibly be?  

I think it's a completely concerted effort   to destroy   the Republican Party,   for lack of a better term, and anybody in that is not a progressive Democrat because it's very clear now that all of mainstream media is owned and operated   and has the mission to speak the language of only progressive   Democrats, not liberal Democrats, not not midline Democrats, certainly nothing in the Republican Party.   But we're gonna start here with a gentleman named Chris Hayes. Now I don't know if you know who he is,   but, MSNBC   who was it?  

Rachel Maddow is another is another person.   She basically   mentored Chris Hayes. So Chris Hayes is sort of like a   I don't know.   A clone.   And I always wondered why they never appear in the same room together because they look an awful lot alike. But I'm just gonna leave that one there. Let's let Chris Hayes   describe to us his preliminary thoughts on this issue of the United States government forming a Bitcoin strategic reserve. So for very understandable reasons, Democrats and Democratic  

[00:07:48] Unknown:

regulators   have worked hard to keep crypto, which has been supremely volatile,   blocked off from the rest of financial systems that if it crashes,   it doesn't bring the entire US economy down with it requiring a bailout.   Some rich people   holding a lot of crypto   disagree with that strategy.   They want a bailout implicit or explicit if the house of cards comes crashing down. To that end, after Republicans took back the senate with the help of money from the crypto industry,   they now have a plan to return the favor. And I want you to listen to this part because no one's really talking about this, but the the the elements of the plot   are just there in plain sight. It's a plot. Senate Republicans are working on a bill that would transfer   1,000,000,000 and 1,000,000,000 of dollars of money from the US government, from taxpayers,   and hand it over to a handful of big crypto holders.  



[00:08:41] Unknown:

We got a present   for president   Donald Trump.   Here it is.   This   is the Bitcoin   Reserve   bill.  

[00:08:55] Unknown:

Yes. The Bitcoin Act from Republican senator Cynthia Loomis of Wyoming, it would establish a federal reserve of Bitcoin.   It's truly one of the most audacious schemes I've ever seen in congress. Here's why.   Rich folks who own a lot of crypto have a problem. Right? Cryptocurrency, Bitcoin in particular, is a very valuable asset,   single Bitcoin worth over a $100.   Some very, very wealthy people own 100 of 1,000,000 or even 1,000,000,000 of dollars worth of Bitcoin. David Sachs, for instance, has a lot of crypto. That said, it's not a liquid asset like cash that you can easily spend or invest or use for practical purposes. It has no   practical use really outside of a few gimmicks, and it's very useful for, criminal cartels.  



[00:09:33] David Bennett:

Oh, of course, criminal cartels. Oh, oh, do tell us more, Chris Hayes, when you're complete misunderstanding   of everything that we've already debunked   nowadays.  

[00:09:44] Unknown:

So if you're an investor, you're sitting on this speculative asset. You can't actually do anything with it, but it's worth a lot of money. What's more,   if you try to sell it all off, right, to get rid of it, the hordes of Bitcoin on the exchanges, that's gonna flood the market and tank the price.   So what's the solution?   They're gonna sell it to the US government.  

[00:10:04] Unknown:

Over 5 years, the United States   will assemble 1,000,000   bitcoin,   5 percent   of the world's supply,   and it will be held for a minimum of 20 years   and can be used for one purpose,   reduce   our debt.  

[00:10:28] Unknown:

Reduce our debt? You can't pay the debt down in Bitcoin.   Are you tracking this? Are you tracking what's being planned   and announced in person here? Right? The US government   handing 1,000,000,000 of dollars into   the pockets of rich crypto holders.   The plan is the Bitcoin Act would have the government sell off some of its gold reserves, you know, the stuff from Fort Knox, and use the money to buy a 1,000,000,000 Bitcoin at current market value that would cost $100,000,000,000.  

[00:10:59] David Bennett:

Well, I didn't see anybody bitching and moaning when we were handing Zelensky 100 of 1,000,000,000 of dollars all the time.   It didn't seem to rankle anybody.   All the equipment that was purchased,   all the money that was used to purchase the equipment, all went to rich industrialist   warmongers.   Now, talk about Morton Thickell. Let's talk about   Boeing, Lockheed Martin,   the whole all of them. Nobody would there was no scathing remarks about the amount of money being pocketed by these people because Ukraine didn't actually ever get any of that money. No. No. We gave the money to Lockheed Martin, and Lockheed Martin sent god only knows what secondhand bullshit that they had on hand  

[00:11:43] Unknown:

over so Zelensky could get it blown the fuck up and completely unusable by anybody. But nobody nobody said anything about that now, did they? Now the actual price would likely be much higher because that market value will almost certainly rise as a result when a new buyer enters the market   and boost the price of the asset the buyer is now legally obligated to buy.   This is an enormous heist.   They're just backing the truck up to the government in front of all of us.   A massive bailout to the crypto world.   The opportunity to turn a speculative asset into real cash on your dime.  

And presumably, David Sachs is the crypto czar will help usher that plan through.   And there is a real irony here for a long time as long as I've been covering crypto, which is over a decade.  

[00:12:33] David Bennett:

Yeah. You have been covering crypto for over a decade, Chris. You barely started talking about it   other than just off the cuff remarks. You you haven't really covered   anything in the last 10 years as far as Bitcoin is concerned. But you start seeing   regardless, you start seeing the narrative form.   Bitcoin,   Trump administration,   rich Bitcoiners.   They are actually going to come after us.   Either just in the news where nobody really cares or on social media, which nobody really cares about, but possibly even further than that   where where we do start to care. But you see the narrative forming. It is forming right before your eyes. Now one more piece from Chris Hayes before we go into  

[00:13:22] Unknown:

the Young Turks. Advocates have sold cryptos as libertarian   project. Right? We don't need government. We don't need banks. We don't need financial intermediaries. We don't need regulation.   Here's Sachs himself making that point on a podcast 2 years ago.  

[00:13:36] Unknown:

There is a huge risk of currency debasement when the government is in control, and particularly when you have the world's reserve currency.   There's just such an enormous temptation   to print money to finance your budget and to rack up loans   that become unpayable. What Bitcoin offers is   a different   kind of currency where it's not backed by a government. It's backed by math. It's backed by encryption. And so you don't have to trust the government.  

[00:14:05] Unknown:

All that lofty rhetoric goes right out the window, though, when Republicans decide they want the government to initiate a massive upward transfer of wealth.  

[00:14:12] David Bennett:

Yeah. Again, here we go. It's the Republicans' fault. Yeah. They're they're tying Bitcoin directly to   the hated Republicans.   Bitcoin has absolutely no allegiance to Democrats, libertarians,   anarchists, agoras,   Republicans,   green party, black party, red party, yellow party. I don't care.   It never has had any connection,   implicit or explicit,   to anything.   Now this shit starts to get worse when we go over to Cenk Younger, or however you pronounce his name, from the Young Turks. And if you don't know who that is, this is a man who I I think actually had a heart attack   in 2016 when Trump was elected. He was so hurt and so   so beside himself that he just couldn't it was almost as if something inside of him broke, and he's never been fixed. But   here's Sankt Younger,   Young Turks, talking about,  

[00:15:13] Unknown:

well, you'll figure it out. Listen. This was one of the best segments Chris Hayes has done, and tremendous win to him. Nice job, Chris. So Oh, nice job. Nice job, Chris. This is a robbery, and we have to stop it. So,   and this here, there could be a huge difference between right wing leaders and right wing voters. And so we'll see how that plays out. But let me keep explaining   why this is a disastrous idea. First of all,   as Anna pointed out, their excuse for, oh, this is gonna help us pay down the debt, is totally and utterly nonsensical.   We have to take money out of all of our pockets, a $100,000,000,000   worth,   to buy crypto for the government.  

The and who are they going to buy it from? The people who currently hold lots of crypto. And you're gonna be shocked to find out my guess my guess  

[00:16:02] David Bennett:

is that the first people who cash out are donors to Donald Trump. Of course. See, this is the way that this shit goes. Right? You can just see it. You see it forming right in front of you.   And we really do need to be careful with these people because they're not dead yet. I'll get to that here in a little bit a little bit on down the down the line. But just understand,   it is a completely predictable   narrative that's being formed   across   all of these platforms,   but it's being spun up real quick and they're going hard into the paint. I mean, hard into the paint.  

[00:16:40] Unknown:

Okay. Because they're holding giant amounts, amounts of crypto. And as Chris explained there,   selling it is really problematic because once you start selling it, it starts deflating.   So the more you sell, the more it deflates in value. Mhmm. And so they've gotta find a way to sell   a significant amount of crypto. We're not talking about the average crypto holder. Right? You guys are gonna be left holding the bag anyway. We're talking about the big guys here. So if on the other hand, the government comes and gives them this giant gift of, I will buy a $100,000,000,000   of your crypto,   number 1, they're gonna get the cash out in a way that they couldn't before and turn their fake money into real money.  

And then secondly,   when the government says we're going to buy a $100,000,000,000 of crypto, you know what happens? The crypto price goes up. Now again, if you're holding crypto,   maybe you take advantage and then you dump it right at the same time if you can. Right? But if you don't dump it there, it's gonna crash later   because it was artificially inflated by the government buying a $100,000,000,000   worth of crypto for no reason. Yep. And and the bottom line of it, and the most important part, guys,   is they're taking our money, taxpayer money,   and giving it to the crypto guys. And for the 3rd time,  

[00:17:51] David Bennett:

nobody seemed to care that we were giving   packages of 25,   50, 75, a $100,000,000,000   directly to   people that manufacture weapons of war so they could send secondhand, thirdhand goods   over to Ukraine,   which gave the Ukrainian men and women an excuse to go die for their fucking country, which has been nothing but a money laundering scheme   for decades.   But nobody said anything about that $100,000,000,000   or $200,000,000,000   or 3. I don't even I've lost track  

[00:18:27] Unknown:

of just how much money we've sent to Ukraine that these guys have never cried about. And if you want to pay down the debt, how much sense does it make to buy a 100 to add a 100,000,000,000 in debt? And they say, but don't worry. We might or might not use it to pay down the debt 20 years from now. They think we're stupid. It's they might as well call it, we think you're stupid, Bill. Now  

[00:18:48] David Bennett:

You are   stupid because you don't understand the mechanism of how this actually   is supposed to work.   We have a 16 year track record of watching what this thing does. We've got good data.   Right? And most of this,   most of the swings to the upside were driven not by, quote unquote, the institutions coming.   It was driven by mostly retail.   Right now the FTX   did cause a lot of problems. The FDX debacle did cause a lot of problems because it did get a lot of retail users   to give them their money. We've seen scams before. There have been scams ever since time began. Right? There's nothing new is under the sun here. Yet they're   couching this   in 2 different ways. First of all, he keeps saying crypto.  

It's not about buying shitcoin number 1 through shitcoin number 5,000,000   500,209.   This is about buying   Bitcoin.   So he's got that wrong clearly.   But if you look at the track record.   We very well may be able to peel off a tenth of the Bitcoin reserves in 20 years from now and be done with the debt. Okay. I'm going to say it right here. I I honestly don't think that the   getting Bitcoin to pay the debt as its only purpose,   I don't think that's a high quality idea. I think   I really think that they're locking themselves in the box when they say when, you know, Cynthia Lummis said it's only got one purpose. The strategic Bitcoin reserve has only one purpose, and that's to pay down the debt.   I even even I kind of think that's a little dumb because it's shortsighted.  

It doesn't show it   it it's not   an expansive idea.   And so even Cynthia Lummis does okay. I'm not going to say she doesn't know what she's talking about. I'm just saying that I think even these guys are missing the boat. Everybody has not figured this shit out yet.   Let me liken it to this way.   You hold there's a million reasons that I could write down on a piece of paper for why you should hold Bitcoin and paying off your debt could be one of them.   But what you really want Bitcoin for   is for the 10,000,000,000,000   reasons   I can't think of as to why you would need it. That's where I'm coming from, and none of these people get it. Now this last one is the one that I don't know where it comes from. I don't know who this is, but it is a high production value mainstream media outfit in the United States   on the lie along the lines of CNN, CNBC,   you know, MSNBC,   and the like.  



[00:21:28] Unknown:

Please pay attention to this. I know you wanna tune out, but please don't. They plan to propose a bill that would sell off some of the Federal Reserve's gold   to buy Bitcoin.   Watch this.  

[00:21:41] Unknown:

Have we got a present   for president  

[00:21:45] Unknown:

Donald Trump? Well, Cynthia Lummis, you can take that bill and sit down with me any night of the week, and I would love to go through every word, every paragraph, every page. But I'd first like to know how much the crypto industry has given you because for fact's sake, you cannot pay debt down with Bitcoin.   If Bitcoin crosses the $100,000   mark like it did last week, that means it would cost the government at least $100,000,000,000.  

[00:22:15] David Bennett:

And for the 4th time,   nobody has mentioned anything at all   about the   eye watering amounts of money that we sent over to Ukraine.   Actually, we didn't again, we didn't send it to Ukraine, did we? We sent it to the people manufacturing   the goods and services   that it was going to take   to move   purchase and move and and find military   type stuff to send over to Ukraine, which all got blown up and facilitated the deaths of enough people in Ukraine so they can't have babies. And former SEC official John Reed was on 60 minutes last night to sound the alarm  

[00:22:54] Unknown:

about just how dangerous this industry is.  

[00:22:57] Unknown:

Crypto is a scourge.   It's not something that you want in your society. It has no utility.   It's just pure speculation. Remember, there's no balance sheet to crypto. There's no financial statements. Every single crime you can conceive of is easier to do now because of crypto,   especially ransomware,   human sex trafficking,   sanctions evasion,   money laundering.   North Korea is financing their nuclear weapons program using crypto.  

[00:23:25] David Bennett:

No. No. The they're not.   All of that has been debunked time and time again and they are still chewing the same fat.   So   it   it it's that the story is the same.   All but what's happening is they're boiling it down it's like it's like making a great big pot of stock right   and you boil it down so that you can concentrate   the flavors you can concentrate the nutrition   and and get rid of some of the fluff. You know, some of some of the actual water that's not gonna do anything for you. And that's what's going on here. They're recompiling   every single thing that we've already debunked on several different occasions,   but they have found the tie that they need   to remain somewhat relevant   on television,   on radio, on social media,   in magazines.  

And that's to tie bitcoin to the Republican Party   and make a mockery   of both   using what we've already debunked about Bitcoin. No.   North Korea is not financing their nuclear program with Bitcoin.   The amount of of crime being   being committed   or facilitated   by using Bitcoin is almost nonexistent. We've we've known that for a long time.   And the balance sheet.   No, my full node, my full Bitcoin node is the balance sheet. I know exactly how much Bitcoin there is and my full node can tell me exactly where all of it went. I know all of the addresses. I know where every single UTXO   went. I know when it was sent. I know when it was received. I know   what minor   mine that block. I know more about what's going on in Bitcoin than anybody in the United States government   knows about what's going on with our own fucking economy.  

The whole thing is ridiculous. But but but you know what?   Let's continue.  

[00:25:25] Unknown:

Every crime you can think of is exponentially   easier   because of crypto. Here to discuss Zeke Fox, investigative reporter for Bloomberg Businessweek and Bloomberg News. He is the author of number go up inside crypto's wild rise and staggering staggering fall. Dan Nathan still with us.   I don't even wanna say this would be the biggest bailout to crypto ever because they don't need a bailout. They're not in trouble. This would be the biggest   bonus   boon right there before our eyes   transferring 1,000,000,000   of dollars   Number 5. Industry we know almost nothing about that's packed  

[00:26:00] Unknown:

with money laundering and bad deeds. I mean, it's wild. People are mad right now about the health insurance industry's profits. It's a $100,000,000,000   that's a couple years of the entire industry's profits that would be spent buying Bitcoins from people who already have them. And it it is a kind of a bailout. I mean, Bitcoin's been around for 15 years. It hasn't delivered on any of its promises. It's as old as Uber, as old as WhatsApp, and nobody's really using it for anything.   Now they've given Trump a lot of money. They've got him talking about coming in and having the government   spend huge money to pump the price up even further.  



[00:26:35] Unknown:

It's really wild. Well, it has delivered on something. It's a trading vessel for people who have made a ton of money and loss, but who've made. Well, it's delivered on one important thing. It is a store of value, not too different than gold. Right? So it's up 30,000  

[00:26:48] Unknown:

percent in the last 10 years. There's very few other assets on the planet have done that. Maybe NVIDIA, they're the ones that  

[00:26:56] Unknown:

make the high end GPUs that power generative AI. So when I think about what's going on here, it's a $2,000,000,000,000  

[00:26:59] Unknown:

market cap. It's not going away. And if you think about what why it's gone up of late is because of the promise of deregulation, the leaning in. And I'll just say this. If you think MAGA movement is a strong political movement, just wait until you see these Bitcoiners. This is, like, one of the strongest financial religious movements that I've ever seen as long as I've been in the business for nearly 30 years. So Religious movement. One of the strongest religious  

[00:27:24] David Bennett:

movements. Now that guy is there there's 2 gentlemen and this one lady that's on the that that's talking right here.   The 1 guy the first guy started talking clearly   hates Bitcoin, doesn't understand it, brings out all the old tropes the second guy   the second guy's the good cop this is a good cop classic good cop bad cop thing and you'll you'll   you'll get more   here in a second on that   But this second dude, he actually has most of his shit right.   But he's going to start talking. He's going to say a couple of things here in the next segments   that make you go, wait a minute, Wait a minute. Whose side are you on?  



[00:28:05] Unknown:

And he's on the good cop, bad cop side. I'm just saying. So watch out for these people. Okay? It's here to stay, and maybe some new regulation will kinda help. And the last thing I'll just say, Zeke, you know, when you think about this, I know you did a lot of work on this. Some of the smartest people that I know in finance and in tech believe in this, and they believe in the technology that's underlying it. Okay. Do you think that the government true. Now, again,  

[00:28:29] David Bennett:

this is also correct. What he's saying is also correct. And I agree. Some of the smartest,   brightest, freshest people that I've ever been able to know   have come out of the Bitcoin field of work.   It is because we all want the same thing. We all want these people to stop lying to us. We all want what's good for us. We know we're in a bad situation.   It it needs to fucking stop   and they're just never going to stop.   But he's still playing good cop, bad cop. Alright. He's he's saying the truth. He's he's rapping bullshit   up in the truth. And they do that time and time again. So   it's that sympathetic voice when you're being interrogated for murder. That that guy that gets you to trust you. You you can trust him because he's on your side. Right? He doesn't want you to go down. He doesn't want you to hurt, but that's all this dude is. He's the good cop.  



[00:29:22] Unknown:

And when we talk about smart people being into Bitcoin, is it because they think Bitcoin is, like, the technology that's gonna power the future, or is it because they're smart enough to realize there are a lot of people who are gonna get on the train, feel the FOMO, and buy in? I mean, if you were able to predict that, more power to you, but I don't think the government should be in that business. Well, I mean, there's no different than people investing in stocks or other illiquid assets. You know, there there really isn't. I mean, if people believe Hold on a minute. Stop. Beneath that stock are companies  

[00:29:50] Unknown:

that sell products that you can okay. Ready? Let's give you the Hochtula girl example. Oh, thank god she brings up Hochtula.  

[00:29:58] David Bennett:

Now here's where she's connecting.   Absolute   degenerate shit coinery   directly to Bitcoin, me   and you,   the listener   to this show, we know the difference.   Every single talking head   is either of 2 camps.   They are so ridiculously   ignorant   as to what this all is,   and yet they still get paid mondo amounts of money to sit there and spew whatever nonsense   they think they know.   Or   the second camp is that they damn well do know exactly the difference, and they're presenting it as actually being in the same tent   because they want to use anything they can to discredit.   Hocktoa girl is a moron, and she's probably going to spend time in jail for this Hocktoa coin.  

And, again, I believe she was I actually think that she had she was   predated   upon. Somebody called her probably from pump dot fund,   said, hey, we can make a whole bunch of money.   Let's, we'll spin up a Hock 2 a coin. It's gonna be great. You're gonna get rich. And they're not telling her that what they're doing is,   well,   fabricating an unregistered security. And the CFTC and the SEC and the DOJ are all gonna want a little piece of her ass.   But,   again,   this this connecting of Bitcoin to things that Bitcoin doesn't do,   doesn't facilitate,   has absolutely   night and day difference between.  

That connection is being done on purpose.   And you're going to see   way more of this kind of bullshit happen.  

[00:31:42] Unknown:

A drunk girl outside a bar who becomes famous for a lewd comment, more power to her. Okay? She then launches a coin,   is dishonest publicly about action around that coin, the value sinks, and now all these Bitcoin investors want this money. If if that isn't, like, peak subprime  

[00:31:59] David Bennett:

Peak subprime.   That's what we're ending on today. Alright? So that's the end of the clips. Now, peak subprime, she said that for a reason. She wants to connect   the absolute   disaster   that the United States government,   in conjunction   with massive United States and European banks,   caused.   But this time, she was, it's gonna be Bitcoin. It's gonna be Bitcoin's fault. And it's gonna be the Republicans' fault. The narrative is being fashioned right before your eyes.   It's going to continue.   It's going to get worse.   This is the new narrative for the next 4 years.  

And if the Bitcoin bill actually passes,   okay it's gonna be the next it's gonna be the narrative until that that bill goes up for a vote if the bill is denied they're gonna have to come up with a new narrative but if that bill passes and it becomes actual law   on the day that the United States government buys their 1st bitcoin   with actual cash   you   they will cement in absolutely   100%   for   years   of this narrative from mainstream media. So what can you do about it?   Nothing   except to let them die.   I gave you Chris Hayes,   Sankt Younger from The Young Turks, whoever these morons on this particular show was,   they're all going away.  

The the staffing,   the firestorm   that is running through CNN,   NBC, MSNBC,   all of them,   they're all cutting staff. They cannot afford these people anymore. They are all going down.   Nobody's listening to CNN.   And now that the administration has changed,   the people that were giving massive amounts of cash, like Pfizer, they're they're gonna start pulling back on their advertising because it's not gonna do them any good anymore   to have their narrative   bought and paid for because that's what was going on. Pfizer and Merck and GlaxoSmithKline,   they were basically saying, we will pay you, NBC,   CBS, ABC, MSNBC,   CNN, and all the rest of them. We'll pay you so much money that you can staff your shit forever,   and you guys are gonna get massive bonuses.  

But you've gotta say exactly what we tell you to say about these products. So the ethics   behind all this is completely was completely destroyed.   But now now that it's a real possibility that they're going to have no almost no power left,   ladies and gentlemen,   they're they're not going to be having that advertising budget anymore.   Rachel Maddow   is probably scared to death that Elon Musk might actually buy MSNBC because if he does, she's one of the first people to go as well as Chris Hayes right behind her ass.   These people get paid 1,000,000 of dollars to sit there and spew this fucking drivel,   and that's going to come to an end. So this is, in my opinion, the last   last   gasp   of what we know as the mainstream media.  

Essentially, it's sorta like Gandalf   who will smote   his ruin upon the mountainside.   This behemoth, this juggernaut   is smoldering   right in front of us and is just going to burst into flame   at any second. I cannot   I cannot wait.   But we were talking about Ukraine.   I mentioned Ukraine 5, maybe 6 times.   Well, because they, you know, keep talking about this $100,000,000,000,   but they certainly didn't care about the, all the money of   hardworking Americans that were sent over   to, help fund the pension funds   of people in Ukraine. We certainly didn't care about that. Right? Well, now there's a Ukraine bill that seeks to legalize crypto by early 2025   with securities based taxation model.  

Okay. This should be fun,   considering that isn't crypto evil? And don't we love Ukraine?   But Ukraine is going to make crypto legal? I you know, these people have these people have a lot of narratives to try to connect, and it's not going to it's not going to help them out. By the way, this is written by Brian McGleaning out of the block.   A bill to legalize cryptocurrencies in Ukraine by the Q1 of next year may be in the works with a draft bill being prepared by a preliminary or parliamentary   working group in collaboration with the National Bank. And you guessed it, the International   Monetary Fund or the IMF,   reported   Ukrainska   Pravda.  

Danilo   Hermitazev,   head of the Ukrainian parliament's committee on finance, tax,   and customs policy confirmed   that the draft law is nearly ready for its first reading. He expressed optimism   that the legislation would be approved by early 2025. Quote, we aim to pass this law and legalize cryptocurrency in the Q1.   Well, the bill would not only pave the way for cryptocurrency   legislation, but also   establish that digital assets will be subject to taxation.   Similar to securities, profits would be taxed when cryptocurrencies are converted into fiat currency.   In consultations with European experts and the IMF,   we are taking a very cautious approach to using cryptocurrencies   for tax exemptions   as it could potentially facilitate   tax evasion   in traditional markets.  

End quote. In November of 2023,   Ukraine's parliament received a draft law   outlining the taxation of virtual asset transactions,   marking a critical step toward the full legalization of cryptocurrencies in that country.   The upcoming legislation   aims to establish clear regulatory guidelines for exchanges,   traders, and investors, creating a more stable and secure framework   for Ukraine's digital asset sector.   Ukrainian public officials   have a notable history of cryptocurrency ownership   because in 2021,   various civil servants reported owning holdings of 46,000   bitcoin valued at $2,700,000,000   at the time, and that was in 2021.  

Notably, the 19 year old son of 2 national parliament members, himself a local,   politician reported owning   $24,600,000   worth of Monero.   Okay. So   Ukraine, good. Alright. We can send them 100 of 1,000,000,000 of dollars, but the the the the   crypto is just evil.   Except that the very country that has been money laundering money for decades is now going to make crypto legal   and tax it,   that doesn't wash with the narrative that we have in the United States. We can't sit there and say we're all we stand with Ukraine.   We hate Bitcoin, yet Ukraine is going to get into Bitcoin.  

Right? So that narrative doesn't work. Again, I don't think we really have anything to worry about from these people. I think you're going to see a massive turnover   in mainstream media   names and faces here in the next 4 years. But Helen Parts   says that Coinbase is preparing to delist Tether's USDT   stablecoin in Europe. So if you're a European listener and you're using Tether, Coinbase is going to delist it because of MICA   compliance.   And, this is out of Cointelegraph.   Let's see if there's anything in here. Cryptocurrency exchanges in Europe are preparing to delist locally   noncompliant   stablecoins   as European crypto regulations near an enforcement deadline. Coinbase Europe, Coinbase Germany,   and Coinbase Custody International,   all 3   will delist   USDT   and 5 other stablecoins on December 13th. Guys, that's tomorrow.  

Quote, based on the latest information, we currently expect that we will have to restrict services for the following assets,   USDT,   PAX,   PyUSD,   GUSD,   GYN,   and DAI,   Coinbase said, referring to the coins as assets restricted by Europe's markets and crypto asset regulation.   Coinbase will continue supporting   USD coin, otherwise known as USDC,   and the europegged   EURC   stablecoin   jointly operated by Coinbase and the United States crypto company Circle.   So Circle's okay in Europe.   They're compliant, apparently, but USDT,   which is arguably   the largest   stablecoin   issuer out there. No. No. No. No. Can't can't have that.  

I wonder I kinda wonder why.   Because Tether's been around a lot longer than Circlecoin.   So,   I figured there's some there's some,   chicanery and some brinksmanship   going on, but we've got numbers to run.   CNBC   Futures and Commodities Oil. West Texas Intermediate is up 0.16   percent to $70.40   a barrel. Brent Norcea up a quarter to 73.71.   And natural gas   continuing its climb, it's up 5.15   percent   to $3.55   per 1,000 cubic feet. I think maybe that means that winter is going to be really bad this year. I don't know. But gasoline   is basically moving sideways at a buck 98 a gallon.  

Gold and the rest of its brethren are not having a good day. Somebody check on Peter Schiff, please. Gold down 1.69%   to   $2710   Silver is down over 4 points. Platinum is down 1.08%.   Copper down a half. Palladium   down just over   2 points.   Ag is not looking good in the futures market either. Only 2 are in the green on my list, and chocolate is the biggest winner. 2% to the upside.   Biggest loser today is gonna be sugar. 1.69%   to the downside.   And I got live cattle unchanged.   Lean hogs up. Well, no. They're just moving sideways.   0.09   and feeder cattle is down 0.09.  

So, essentially, no change there. The Dow is down a quarter of a point. The S and P is down 0.17%.   Nasdaq is also down a quarter of a point, and the S and P Mini is down 0.14.   What the hell is going on with Bitcoin? Oh, it seems to be fine. A 101,000   $101,580   is just a hair over   a $2,000,000,000,000   market cap. And now we can get   37.8   ounces of the shiny metal rocks with our 1 Bitcoin of which there are 19,794,876.84   of. And average fees per block have risen to   0.15   BTC   taken in fees on average on a per block basis. And there are 109   blocks carrying   280,000 unconfirmed transactions   waiting to clear at high priority rates of 8 satoshis per vbyte, so we're back down into single digits.  

Low priority is gonna get you in at 7. And the hash rate looks to be 759.1   exahashes per second on a 1 week rolling average.   And from Goldman   Sachs, which was yesterday's   Bitcoin and episode, I got god's death giving me 537   sats. Thank you, my friend. He says, thank you, sir. No. Thank you. And I got pies to pleb or actually now it's just pies with a 100 sat says, thank you, sir. No, thank you.   And man,   wow. That that's it? That's all? That's all?   Oh, man. I don't know. I wanted to hear I wanted to hear more from y'all. Of course, I want your satoshis too, but I actually like reading y'all's,   comments. So,   you know, value for value is the way this goes. Is it's the way that this show stays on. So, you know, if you think that what I've done is valuable   and you want to give me your value back,   I don't have to have advertisers.  

I don't get a I don't get a paycheck from,   you know, like any of the the good Bitcoin companies that I think are think are out there because I really want value for value   to take off because it not just saves   people like me and you. It saves, like, you know, all manner of artists and musicians   and playwrights and authors. I mean, there's there's no reason   to have your hard work   have a lot of money taken off the top of it because they have a marketing machine. Like, the the authors go into, like, Penguin Books or something like that. People making movies having to go to Sony films or, you know, artists going having to go to Sony BMI to, you know, have their music recorded as an album. Right? If we can get value for value to actually work,   then we fix a whole bunch more shit   and we fix it.  

We use Bitcoin to help as a tool to fix it, but we do the fixing ourselves. So if you think what I've done today is of value,   then please please please consider sending your value back to me.   And that's the weather report.   Welcome to part 2 of the news you can use.   CoinDesk is having some serious issues with its website. Has anybody else noticed this? Is this just me?   Because, honestly, this I can't even get a headline out of this story. Right? I mean, it's like I when I go to their,   to their front page,   it it the the,   formatting is completely blown out. There's no headline. I've got the the the text   of the article that I wanna read, but, I mean, is this is ridiculous.  

It doesn't even have a headline.   Oh, my god.   Okay. You know what? Hold on for a second.   Mia,   figure it out.   Alright. Here we go. Bitcoin, the largest cryptocurrency by market cap, is fighting a big milestone   to sustain a $2,000,000,000,000   market cap and a $100,000   price.   Once Bitcoin has conclusively overcome these milestones,   there may   be clear skies ahead.   Bitcoin has rallied over $30,000   since Trump won the US election in November, which coincided with many coins leaving exchanges. But, primarily,   Bitcoin is leaving exchanges   in large chunks. Oh, there's the headline.  

Bitcoin is leaving exchanges in batches of $10,000,000   or more   according to Van Stratton.   And it's because they put the,   somehow or another, this formatting has put the headline   on the bottom of the article.   I don't know what the   somebody please tell me if if   is this just me or or is Coinbase just jacked up for other people? And in continuing,   glass node data shows that transactions that are worth more than   $10,000,000 of Bitcoin   have been leaving   exchanges at a rapid rate, which signals aggressive buying from an institutional level.   Many of these transactions appear to be coming from the exchange Coinbase, which is why we have noticed a Coinbase premium in recent weeks.  

As of yesterday,   almost 12,500   BTC or $1,300,000,000   left exchanges with roughly half   of this amount leaving Coinbase according to Glassnode.   And since the US election, Glassnode data reported that roughly 200,000   BTC have left exchanges,   which leaves roughly 2,800,000   BTC   on exchanges, which is the lowest   amount   in the past   7   years.   Right? So we get these cycles.   It it happens.   We definitely get these cycles where   we we see the good thing happen.   Bitcoin being completely   torn away from exchanges.   And then we go raw and then we don't, you know, we don't look and see that some of the Bitcoin a few months later goes back to the exchanges,   and that's where chicanery starts to occur. But for right now, we're in a good place with people taking possession of their own Bitcoin.  

And then we have Van Eck,   which is disappointing   me solidly today from Decrypt   written by Andrei Begonsky.   Van Eck backed Superform   launches a DeFi product   for   quote   intelligent   USDC   yield. Now the second that I said yield is exactly when you should go, uh-uh. No. I'm not buying I'm not having any part of this.   Find out why. This is an fafo   issue.   Crypto yield marketplace Superform   announced on Wednesday the launch of Super   USDC. Because if your USDC   isn't enough, well, then get Super USDC, I suppose, a product billed   as a set   and forget   opportunity for earning high yield   on Circle Stablecoin.  

High yield, people.   Since its launch in early access this year, the platform has functioned as a decentralized marketplace for yield protocols.   Projects can list vaults on Superform,   which are linked to yield opportunities on Ethereum as well as dedicated scaling solutions like Arbitrum and Base. Oh, god. It's just getting all into the bullshit.   Super USDC offers DeFi users automated,   non custodial   yield management.   Oh my god. My yield is so high. I need management for my fucking yield. And is the first offering in Superform's line of Supervault   products according to a statement.  

Oh, god, Van Eck. How far are we gonna fall?   Superforms Lab cofounder and CEO,   Virkam Arun,   told Decrypt that the move comes after 100,000 digital wallets interacted with the platform.   Supervault is what we created   in response to what was the most in demand feature from users. Yeah. Yield. Because they don't understand where it comes from.   Arun explained that Supervault automatically allocates digital assets to create opportunities   utilizing an algorithm   optimized on the platform's data. He mentioned that with 600 or 768   volts currently on Superform,   The product was designed in response to user requests for a more curated   selection.  

Selection of what? Different forms of yield, which all of which are fucking fake? I don't know. Alongside Supervault's release,   Superform Labs announced that it had raised   $3,000,000 in strategic funding   led by Van Eck Ventures, and it represents the $30,000,000   fund's first investment since the global asset manager unveiled the initiative back in October.   While Superform isn't available to US residents, you have no shit, there is bipartisan hope that lawmakers will soon pass a federal framework for stablecoins.   With regulatory shifts under the president-elect   expected to bolster DeFi 2, Arun said   that providing an influx with stable coins with the best possible source of yield   could become the next gold rush on chain. Can you hear it?  

Do you already can you sense the bullshit?   And why Van Eck   has touched this project with a 10 foot pole much less $30,000,000   makes me think that all of the people at Van Eck either a don't know what the hell this is and don't care or be very well know what it is   do care but don't care about you   because this shit is just another FTX waiting to happen however when it does happen it's not gonna be the size of FTX   but it's just the same bullshit   Where does the yield come from? That's the only question that you need to actually ask yourself.   Where does the yield come from? And in this case,   what   yield products,   a curated list of yield products that rotate around your vault by an algorithm,   well, that sounds like an algorithmic stablecoin. And we go right back to everything that happened with FTX and Alameda   and BlockFi   in 2021   and all of that. It's just the same shit packaged differently,   and they were able to squirrel away $30,000,000   of Van Eck customer money. Well, whatever.  

I'm done with that story because the rest of it has got if it's anywhere close to the amount of bullshit that I just read, we don't need any more of it.   But this one,   this one's interesting.   In Kenya,   Kenyan   firefighters have now added Bitcoin to their balance sheet.   This is from Atlas 21,   and I saw a lot of talk about this on Noster yesterday   the Kenya   National Fire Brigades Association   has become one of the first unions in the country to establish a bitcoin reserve   Interesting.   The announcement was made during the Africa Bitcoin Conference on December 11th.   The initiative was made possible thanks to a donation facilitated by Proof of Workforce,   a US based nonprofit organization   dedicated to promoting Bitcoin adoption among unions and workers.  

The Bitcoin Fund will be used to strengthen Kenya's firefighting service,   a country with only   1400 firefighters for a population   of   56,000,000   people. 1400   fire people.   Alright? Firefighters.   We used to call them firemen before we get in trouble for that shit. 1400 firefighters   for a population of   56,000,000   people.   If we take that into comparison with the city like Toronto, they have 32100   firefighters   for a measly 3,000,000   residents.   Wow.   My god.   Magdalena   Granowska,   a consultant for proof of workforce, explained that the goal of the program is to support   kenfibaa   in its emergency response efforts,   member management,   and recruitment   by incorporating Bitcoin into its budget.  

Although it was initially believed   that they were the 1st union on the continent to adopt Bitcoin, this claim was contested by user James Autodoor   who pointed out that the group of university lecturers in Nigeria,   the Academic Staff Union of Universities,   had already   established a Bitcoin reserve, and I heard absolutely   nothing   about Nigeria's academic staff union of universities   going into Bitcoin.   We we are now at the we are now at the point, ladies and gentlemen,   where people are getting into Bitcoin   at a rate that we cannot keep up with.   So,   wow, Ben. Progressive   progressive democrats are gonna be some of the poorest people on the face of the planet.  

I feel bad for Cenk. I really do. And he also doesn't look very healthy lately. I'm kinda worried about him. But   oh, well. BitKeeper   Bitcoin Keeper version 1.3.0   has been released.   Inheritance keys,   mini script support, and remote sharing.   Bitcoin Keeper is an open source mobile multisig Bitcoin wallet with inheritance   features. Oh my.   This version introduces   the inheritance key vault,   including securing inheritance keys with miniscript,   the ability to convert any key into an inheritance key, sharing and signing keys remotely with any device,   additional subscription tier options with better pricing, and accompanying UI UX improvements.  

Keeper's inheritance key vault   enhances the standard multisig setup with an additional   inheritance key   that activates after a user defined period of inactivity.   This on chain dead man switch   facilitates   easier recovery and inheritance of funds without relinquishing control or depending upon third parties. For example,   the user can create a 2 of 3 multisig vault   and add a family member as a 4th inheritance key setting the activation   time for that key to 1 year from today   for the 1st year the vault will be a normal 2 of 3 multisig   then after that year the vault becomes a 2 of 4 multisig   with the inheritance key acting as another valid signer   explained Ben Kaufman   lead developer   developer of the project   users can extend the activation time at any point during the year through a process called revolting   this allows them to postpone the inheritance key key activation   serving as regular confirmations that the owner is alive and well and that the inheritance key is not needed yet.  

The option is available for Keeper's Diamond Hands tier subscribers.   Notably, the subscription   currently comes at a 50¢ or 50%   discount, quote, at launch. Hardware device integration is still limited, and we expect to complete the integration work for all Mini Scripts supporting signers in the next few weeks. So there you go.   If you ever want if you let let's talk about that a little bit because this is something that I've been thinking about quite a bit is how do you, you know, how do you pass on your Bitcoin,   when you die?  

I mean, you could leave it with some lawyers,   you know, and that's generally what we do with our wills and trusts and whatnot like that. But we're entering a new world, and we might as well we might as well look at this new world with a completely new fresh set of eyes.   I don't want my children to inherit my Bitcoin.   I want them to take control   of the Bitcoin.   There's a difference.   1   might possibly incur an inherited tax inheritance tax.   I want that Bitcoin held by a company.   Not me.   Not my children.   When I die I want my children to become officers   of the company.  

They don't own the company. They just become officers of the company,   thereby   or at least something like that. It's like something approaching that. Because I know it can't quite be exactly that,   but I don't want them be being able to be tagged for whatever assets are in the company if I just say, now you own the company and all of its assets now, you know, you own.   I want it to be more of a, well, they don't really own it.   They control what happens to it, but they don't really necessarily   own it. And an inheritance   feature of the inheritance feature that they've that these guys   over here at Bitcoin Keeper,   have done with this inheritance key   is allow a mechanism for that type of   of logic   to be instilled   with Bitcoin. Right? So   I've already got all the company structures that I would   ever need   to be able to figure out how to do what I just said. But Bitcoin,   you know, I mean, it's like, well, how's that work? Well, if I've got 3 kids   and they all have to vote on whether or not they take a distribution from the company   for a year or, like, during a quarter or on a monthly basis,   off of profits that the company is actually making because the way that I would be the way that I've we've kinda set these these companies up is to always have assets   that continuously make income. Yes. There are equities involved. Yes. There's real estate involved. And, yes, you will go, why don't you just sell it all for Bitcoin? Well, honey, because I got 2 other partners,   and they don't believe in it as much as I do. And I have to work with that because I am the minority vote, and that's the way the law works. That's the way the legal structure works.  

However,   that I have been able to get that company to buy Bitcoin. Right? I we have Bitcoin on the balance sheet.   Instead of having the legal structure be used to guide my children   on whether or not they agree to spend the Bitcoin, either convert it into fiat, you know, part of it into fiat for something, or maybe they wanna use it to buy another asset,   and that asset would actually be, you know, getting an income,   then they could actually just vote simply by signing the keys.   That's all they'd have to do so inheritance   goes the the this feature can be used a lot for a lot more than just simple inheritance   voting on how to spend actual bitcoins simply by signing the key   That's always been around. But we need to start thinking about how these tools can be leveraged in our favor. Right? So   moving on, a Bitcoin ATM operator named Byte Federal   has reported that a data breach that affected   58,000   users   this is a US based Bitcoin ATM operator.  

God. 58,000 customers. That's a that's a damn shame. In a filing with Maine,   this is the state of Maine,   Maine's attorney general, BYTE Federal, disclosed that hackers potentially   accessed   the personal data of 58,000   customers, quote, customers' personal information   that was the subject to the attempt of unauthorized   access includes name, birthday, address, phone number, email address, government issued ID,   social security number, transaction activity, and photographs.   And all of that was to comply with this bullshit KYC   AML garbage   that the Bank Secrecy Act has foisted upon us and got worse with the Patriot Act.  

BYTE Federal implements a rigorous AML KYC program. Now there we go. Ensuring that it is compliant with the Bank Secrecy Act and Anti Money Laundering Compliance Program. The breach occurred on September 30th and was discovered by   Byte Federal on November 18th. Wow. You let over,   wow over 2 full weeks go by.   According to the company   hackers exploited a vulnerability in third party software specifically a bug in the GitLab developer platform quote we have no evidence at this time that any of your personal information was actually compromised or misused in any manner. No user funds or assets were compromised, the announcement added. The company operates over 1300 Bitcoin ATMs across the United States. Alright. So apparently there was a vulnerability but they don't know if it was actually accessed. But if it was accessed,   name, birthday address, phone number, email address, your government issued ID, your Social Security number, and all your transaction activity plus your   photogenic picture   is now compromised.  

That's again, that's if they if they actually used it. So, it looks to me like they don't really know.   But still,   AML KYC,   one of the worst things, and it has nothing to do with catching criminals.   It doesn't work to catch criminals.   It works to catch   you.   It works to catch you. Okay.   So that's the end of the articles for the day.   I want to just kind of like go back to what we did at the first of the show   and reiterate that   they got nothing else to talk about at this point   because they they already went through 8 years of hating on Trump.   They went through 4 years when he was actually in office, and then they went through another 4 years blaming him for everything after he was in office.  

And here, they're got they got 4 more years of Trump that they're square you know, looking square in the face of. I don't think they got anything left. They got a pivot, so they're gonna pick on Bitcoin.   You watch, man. It's gonna get ugly. You thought the skull of death in the truck by that sculptor with the whole, you know, nuclear cooling towers on top of it was bad. You think you think the,   oh, who was it?   Green green piece USA coming out against Bitcoin was bad. You think all the   487   obituaries   that buried Bitcoin before it actually died and it's still not dead? It's chilling out at $101,505?   You think that's bad? Dude, you ain't seen shit.  

We have not seen anything.   But the sense that I get from Chris Hayes,   Cenk Younger,   and whoever   whatever that that group of idiots were at the very last part,   If if looking at what they're saying and the vehemence   in which they say it is any indication at all,   it's gonna be a wild ride. But what you're eventually going to see is all these people rotated out of their positions   and replaced with you're going to see a complete replacement of mainstream media.   That doesn't mean that that it's going to be good.   It could it could still suck.  

It probably will still suck. So there's 2 things here.   You're gonna watch them die. They're gonna go down on the we hate bitcoin ship when they die. They're gonna be completely   replaced.   Those replacements will probably not be, you know, good at all. And your 5th 1,   you've got to depend   on independence.   Not, like, declaration of independence. I mean independent   journalists, independent podcasters,   people that just don't have any connection   with having to say what GlaxoSmithKline   wants them to say because the people that give them their paycheck   depend on GlaxoSmithKline   to give them a paycheck,   and they are not going to say anything bad about any product of the people that give them the paycheck,   right?  

This is where value for value is going to shine.   It's not just going to be music with people like Manlike Quex who's over there on Wave Lake,   you know, in Fountain. It's not gonna be, you know, independent movie makers.   They'll be included.   But where I think where we're really gonna see value for value start shining very brightly, very quickly   is as we see   these   people that I gave examples of at the, you know, ahead of the show,   start going down with the we hate Bitcoin ship because Bitcoin's not going to die.   It's just not.  

But these people,   I kind of feel bad for them at this point. So   just be careful.   Support your independent people in Bitcoin, your independent people in art, your independent people in music, and I'll see you on the other side.   This has been Bitcoin, and and I'm your host, David Bennett. I hope you enjoyed today's episode and hope to see you again real soon.   Have a great day.