Join me today for Episode 894 of Bitcoin And . . .
Topics for today:
- 50 Things You Should Do Right Now
- Argentina to Mine BTC With Flare Gas
- FTX Creditors to Get 118% back
- Emessbee: CoinJoin, no Coordinator
#Bitcoin #BitcoinAnd
Circle P:
npub: npub1ugnq57hn8va6xqr5zywy2eunem6c624583vkt0dmv40ep7tnnxkqrr898l (faster)
email: [email protected] (slower)
Product: Comfrey
One full root for 20$
Or root cutting for 1$ each
Buyer pays shipping
[[Episode 726]]
Articles:
https://anarplex.sirion.io/hosted/files/fiftythings.html
https://bitcoinmagazine.com/business/-argentina-to-mine-bitcoin-with-stranded-gas
https://decrypt.co/229786/us-house-resolution-sec-bank-bulletin-crypto-custodians
- https://www.cnbc.com/futures-and-commodities/
- https://www.cnbc.com/bonds/
- https://dashboard.clarkmoody.com/
- https://mempool.space/
- https://fountain.fm/show/eK5XaSb3UaLRavU3lYrI
https://www.coindesk.com/policy/2024/05/08/nearly-all-ftx-creditors-will-get-118-of-their-funds-back-in-cash-estate-says-in-new-plan/
https://www.nobsbitcoin.com/introducing-emessbee/
https://www.nobsbitcoin.com/agoradesk-localmonero-shutting-down/
https://www.nobsbitcoin.com/libsecp256k1-v0-5-0/
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Licensed under Creative Commons: By Attribution 3.0 License
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[00:00:00]
Unknown:
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. Uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems. It is 9:30 AM Pacific Daylight Time. It is the 8th day of May 2024, and this is episode 894 of Bitcoin. And the circle p is open for business. The circle p, in case you're wondering, is my attempt to give the people that cannot afford to have a voice in marketing a voice because they have goods and services that they would like to sell to. Maybe they have a a side gig that they wanna turn into a full time job because they love it better than whatever fluorescent fluorescent light washed cubicle that they may be in just isn't cutting it for them. So I decided that since I do have an audience, it's not a big audience, but y'all are out there. Good morning, Kid Warp, speaking of one of my audiences. He's over there in zap.stream.
Thank you for showing up there, brother. The circle p is for plebs. It's a circular economy about Bitcoin for plebs that are in Bitcoin. And if you don't take Bitcoin for your goods and services, then you're not in the circle p. Like, she she 21m, he takes Bitcoin for his confre. If you want one of the best, most useful plants in your garden permanently, like plant it once and you're done, Then you're gonna want some confree. Now if you want to know more about what confree is actually going to do for you. Well, you can go over and I'm just gonna put up a whole bunch of pictures of Confrey from a Google search there over there into zap.stream so you have something to look at. But if you are in zap.stream, this is what this plant looks like. And it is just a biomass generator. You it's high in nitrogen. It's good fodder for animals.
It's medicine. It's all kinds of neat stuff. There is more to this plant than I can possibly tell you about here, and she she has the roots that you will be using to plant this plant. But if you wanna know all about Comfrey, episode 726 of Bitcoin and is where you're going to find that thing. And I highly recommend it. You can get a one you can get one full route for $20. Now the full route is what I'm pretty sure that she she's doing is he's giving you the full root, which is a big massive root, plus part of the top. And that plant will come up almost immediately, a couple of days, right? Right? You just dig a hole, you throw it in there, you make sure the top is kind of close to the surface, you fill in the dirt, boom, you're in water it. Make sure you water it in, you're kind of done.
The root cuttings, which you can get for a buck a piece, and I recommend getting 20 of them, are little pieces of the comfrey. And you put those into a hole, maybe a week, maybe 7 weeks later, it depends, you get a full plant. But once that plant is grown in there, it's almost impossible to kill and it will be in your garden forever. So wherever it is that you decide to plant these things, make sure that this is where you want these things to grow because you're never ever ever going to get rid of them. If you were to think, you know what? I messed up. I've got 20 plants over here and I'd really don't want those conferee plants over here, so I'm going to dig them out. And then you dig them out. Well, you're gonna leave a couple of pieces of root behind and guess what?
Those are gonna clone themselves and you're right back to where you started from, they're gonna grow back. So then you get pissed off, and you grab the rototiller. Yeah, I'm gonna kill all these things. And you just rototill the living shit out of it. Well, now you just pissed Comfrey off and it's going to make hundreds of plants. So again, beware. Wherever it is that you plant this plant, it has to be its final resting space. I highly recommend not planting it where it is full sun for the entire day, especially in these southern climates because it will have a lot of difficulty. Full morning sun, afternoon shade, plenty of water to get it going, and you're golden. You can get one full root for $20. You can get root cuttings for a buck each. Buyer pays shipping.
That's she she [email protected]. If you want a slower method of ordering, that's s h I s h I, the numbers 21 and the letter [email protected]. Or look in the show notes, grab his in pub because his in pub is in the show notes. Take it over to any Nostril client, plug it into the search, and you will find Shee Shee. Just make sure that you told them that you heard about it here on the circle p, and he will cut me in on some of those sweet sweet Satoshis. Now, I'm gonna throw this up here because this is where we're gonna start today. Nrplex.net.
Alright? So this isn't news, but this is something that, Walker at Walker over there on Nostr, brought up yesterday in a note. And I started looking around this thing. And somehow or another, I'm I'm I'm rather enamored with this thing. And I'm not exactly sure what it is. But if I go to the to the base and say, you know, go to anarplex.syrian. Io, syrian is spelled s I r I o n. Syrian. Io. You get into something that is called files and projects related to cryptotribes, files, spelt p h y l e s, cryptoanarchy, algorithm, and provider of darknet services.
So I don't know. Is it an FBI front? Is it a CIA front? Hell, I don't know. You can't trust nobody nowhere at all, but I found a really interesting file on this thing that I want to read to you now because this file and all the files on here let me show you a let me go over here to files, and we'll go I don't know. Crypto tribal, aristocracy of action. We'll go we'll go to that one. And if you scroll down here to the bottom, if there is a bottom hold on blah blah blah blah blah. Okay. So this one doesn't have it, but the one I'm going to read to you today, does have it. And that is, it's a PGP signed message using Shaw 1 hashing algorithm.
So whoever signed this thing has some kind of knowledge that of PGP. Again, it could be FBI or CIA. I mean, anybody can use pretty good privacy. It's PGP. You know, you can you can just use it. And but if you know how to use it, or if you're signing a message with PGP, then you at least know how to use it. Okay? It doesn't mean that I know who this person is. It just means that it is a signed message. But I'm gonna leave this up here so you can take a look at anarplex.net. That is or I'm sorry, anarplex.sirian. Io. And I think it's possible that, anarplex.net will, resolve to anarplex.syrian.io.
But here's the here's the message that I wanna read. 50 things to do now. Number 1, become a part time entrepreneur, garage market dealer, urban farmer, welder, whatever. Just be productive under your own command. It doesn't matter what it is, just be directly productive and directly deal with suppliers and clients. You'll find it awesomely liberating and it will be highly useful for the free underground market. Does this sound familiar? Number 2 Switch off the TV, read books Number 3 Socialize with people that share your ethics and that are productive and respectful Eat together, discuss, challenge each other, help each other, have a good time.
Number 4. Get a safe or a safe deposit box. Start moving all the cash you can get. Sorry. Get start moving all the cash you can get into there. Convert at least 30% of your cash to silver and or gold coins Invest in trust Do minor deals for people on a trust basis, taking others at their word and let yourself be challenged by yours. Now I'm gonna pause because that's the essence of the Circle P. If you buy from Xi Shi 21m a whole bunch of confre routes today, like let's say you spend $75 Xi Shi, the the deal that we worked out is that he will give me some percentage of those sales. It's trust though. I don't have a mechanism to punish She she. He gets he he he you now know that he sells Comfrey and you know how to get a hold of him. I marketed she she and his product that is comfrey to you free of charge. He didn't prepay me.
If if you you that's why a, I have to trust you to tell him where you heard to buy comfrey from. That's the only way that he knows that oh shit I better you know maybe cut some satoshis to Dave but what if he doesn't? I'm trusting Shishi. See, sometimes trust is involved. We we always say don't trust, verify. But in this particular case, and in many other cases, trust is is not only warranted, it's critical. It's necessary. It's necessary for me to trust Chi Chi. It's necessary for me to trust the other guys, the other vendors in the Circle P. Dubravco is one of them. You know, there, Reverend has been in there. You know, there's a couple of other people that are in there. Maple Trade's in there. I trust all these guys. There's no formal agreement. You know, trust is is important and we can't just go around shit canning trust because of the whole moniker of Bitcoin of don't trust verify. Anyway, start looking for matches. This is number 6.
When you talk with people, memorize what they do and then and if an opportunity comes up, connect them with someone else for a minor finder's fee like a hamburger or a few beers, money, whatever. It doesn't matter. Number 7, join your local Lima house, l I m a house. In parentheses, it says, we'll explain this at a future post. If anybody knows what the hell a Lima house, l I m a, is, please let me know. I'm interested because I cannot find I cannot find it. I don't see a a another post about Lima Houses. Anyway, travel, but don't go sightseeing.
Spend your time getting to know the people there. Think about business opportunities with them. Number 9. Start using aliases and pseudonyms. Does this sound familiar? Get comfortable using them in real life situations like when you go like this is me talking this isn't the thing. They don't mention Bitcoin in this by the way. But when you go to like Bitcoin Conferences be okay with using your pseudonym. It's okay. You don't have to use your real name. And I've noticed this myself. Sometimes it bothers me when somebody has, hey, none you. And I'm like, goddamn it. That's not my real name. But this is telling me that maybe I should maybe I should become comfortable with that.
Maybe I should. Number 10. Use, learn to use cryptography. 11. Learn ethics and law not the government law 12 study logic especially the fallacies and here they're referring to what's called the logical fallacies. They're arguments that are piss poor arguments like ad hominem attacks. It's a logical fallacy. That's what they're talking about. Number 13, put more cash aside. Use your part time job as the source of saved cash. Number 14. Start to invest cash with people that you know in off the book projects. Start making micro loans to people or buy shares in their operations. Number 15. Learn basic double entry bookkeeping.
Do not waste effort on the account numbers that they teach you. Understand the concept and use it. 16. Learn to write in code. We all have to use recordings, bookkeeping, contact books, transaction notes, etc. These should be hard to decipher for someone taking a quick glimpse, and even harder for somebody taking time to analyze them. Use tricks like date shifting, shorthand, making up your own terms, etc. Or, if you want to spend a little more effort, learn to use memorized ciphers, such as memorizing some longer text, then apply it as a simple shifting key to what you write with the page number or a marker as the key part. Number 17.
Tell other producers, entrepreneurs, traders, etcetera, that you appreciate what they do. I'm pausing to say that I do this. There was a guy in Midland, Texas when I was, was still living down there as a teenager, early twenties. And I had a guy that knew how to basically work on my guitar. And he re fretted my fret board once on my, on my, Fender Stratocaster. He always would like after that, he would dress the frets. He'd kinda file them down to get the end the, indentations out of them. He would set my harmonics. He would make sure that my neck was at the proper angle. He would do he would do all the things and it was awesome. And every time that I took him my guitar, the first thing I did was I would take it out, I would play it a little bit, and then I'd get on the phone. I would call this guy and tell him thank you. Even though I paid him, like, you know, 40, $50, which back in the early nineties was a fair amount of cash to do, you know, to spend for this kind of thing. But I would make sure that he knew that I appreciated him. It's it's important. It's a lost art. It's important that we should start doing that shit again.
18, buy primarily from others like you, hence the circle p. Stay away from the on the books market as much as you can. 19, when in conflict, ask someone to mediate. Solve conflicts yourself wherever and whenever you can. Use a mutually respected and trusted third party when necessary stay away from state justice in quotes whenever you can number 20 start respecting secrets secrets are good most of the time transparency is bad most of the time Detoxify yourself from the everything should be out in the open propaganda. Number 21.
Slowly make your part time off the books business your main line of income. Things like underground dental hygiene are very cool. Interesting example. Number 22. Learn that off the books means that you really have to excel in what you do. You have to provide quality. 23, don't invest in single deals invest in relationships with the market 24, get over it, voting doesn't help at all. 25. Work with friends to create buying associations and selling associations. This will give you and others lots of money to save and lots of money to hide. 26. Harbor a fugitive.
Well, good ones, obviously. 27. Help someone cross a border without documents. 28. Offer small merchants silver or gold rather than fiat currency. 29 Sell your products in silver or gold 30 Accept and use digital gold, such as pequinix or seagold. Start a community currency in your town. That's number 30 1 32 use digital cash such as ecache which is spelled ecache Number 33. Use Loom. TrueBank. Number 34. Get serious about protecting your Internet traffic. 35, get comfortable working your will in the world. 36, learn how to work your will beneficially.
This is not about being right. It's about causing benefit. Number 37, fix your mistakes. You will make them, Then learn not to repeat them. 38. Learn how to communicate effectively. Again, this is not about proving that you were right. This is about getting true ideas into other minds effectively. 39. Stop obeying the state in some new way. Tell your friends about your success in doing so. Number 40. Get comfortable with the term economic civil disobedience. Let me repeat that one. Get comfortable with the term, economic civil disobedience.
That one, right now, is the most important one in this list as of today because of all the bullshit shit that has been perpetrated on us last week. Get comfortable with the term economic civil disobedience. Number 41. Spread the idea that the state is not magic. It is nothing more than a collection of your neighbors. Not more ethical and noble than the lamer next door. Number 42. Learn how to find the false assumptions and arguments. Most public lies sound okay if you don't find their unspoken assumptions. If they pass too quickly, find the written version and search for the lie that it contains. Number 43, learn how to disagree with kindness.
And what that means I'm pausing here. What I think he means is I disagree with you, is a kind way of saying, I don't I don't agree with this. But saying you're a complete moron. I hate everything about you because clearly you're wrong, which is the the toxicity that you see over on Twitter. Don't do that because it hurts you and probably doesn't really it probably hurts you your heart your soul much more than it actually hurts the person that you say that to. If they even see that shit at all on Twitter. Chances are good they're not even seeing it. So you're the one that bears the brunt of saying those things because that negativity is like, it's like, I don't know coal dust. It just sticks onto you like it's glue. It is disgusting.
Number 44. Accept the fact that most people are confused and are just barely hanging on to the last shreds of self esteem. Understand that state intellectuals like this condition It as it makes people easier to keep in line because a little shame goes a long way. Number 45, don't waste your energy on the political crisis. Busy your mind with more substantial things. Daily political dramas are a time sink and the statists like it. Stop following their script, number 46. Use jurisdictional arbitrage to deprive the state of your money. Work with friends if the set up costs are too large for you. 47.
Learn to defend yourself, your family, your neighbors, and your town. No state means no military. Until you take this upon yourself, your plans will always have a gaping hole in their middle. There is no free lunch here either. Get weapons and be mentally prepared to use them. Decide in advance how and when you would use them. Do not leave it to the emotion of the moment. That will make a shipwreck of the entire venture. Learn how to use them safely. Number 48. Do something nice for your neighbor. The people who live near you are a far more important part of your environment than any other. Number 49.
Help people who suffer undeservedly. No state means that you're responsible for charity. Sure, it will be much easier when the state isn't telling you tell sorry. Sorry. It will be easier when the state isn't stealing all of your extra money or chasing you in hope of theft, but do what you can now and get used to the process. And finally, number 50. Watch over your friends. Notice when they are having a bad day. Show some kindness and concern. If they are overloaded, carry some of their burden. We all have bad times. And your bad day may come too. Actually, it will honestly, help one another restore one another.
Okay. I don't know who wrote this. All I have is the PGP signature at the end of this. That's all I have. I have no idea who this person is. There's no date on this. I don't know when it was written. I don't know when it was uploaded to Anarplex. But I'm fascinated. Honestly, this laundry list by itself is
[00:22:29] Unknown:
I can't find a whole lot of fault with it, and it's
[00:22:33] Unknown:
plainly not evil. Right? And they're talking about anarchism and and and fuck the state and screw the man and economic civil disobedience and yet all of this all of this. I mean, that that's gonna be poison to somebody like Elizabeth Warren. But when I'm reading it, I get a charge out of it. It's like an instruction manual. Honestly, I think it's a good thing. You should probably take a look at it. Again, that is anarplex.syrian.io. Anarplex. Dot Syrian.io. Alright. So now let's get into the news. Where are we at here? Okay. Alright. Argentinian Energy Company to mine Bitcoin with stranded gas. So another one another one's coming up here. Bitcoin Magazine written by Vivek Sin.
Argentina's energy sector is increasingly turning to Bitcoin, this time with a state owned facility using stranded natural gas or oil fields that would otherwise be wasted. State owned energy firm, YPF subsidiary, YPF Luzz, recently partnered with Genesis Digital Assets to launch a gas flare powered mining facility. It will harness 1200 machines to monetize gas currently being flared out into the atmosphere. This comes as Argentina embraces Bitcoin with the election of Bitcoin friendly president Javier Millet in late 2023. Don't trust the Millet man. Okay? Just don't trust him. I got a bad feeling about this guy. He's he got way too cozy with the World Bank and the IMF way too fast for me. Anyway, by repurposing stranded gas that is currently burned as waste, gda estimates its, mining operations could reduce up to 63% of carbon emissions, which shows how Bitcoin mining can transform energy products into opportunity to show the world that Bitcoin mining can have a positive effect on the environment and can be fully integrated into local communities.
For GDA, this means competitive energy pricing and reduced carbon output. For Argentina, it signals leadership in leveraging Bitcoin mining to enhance energy infrastructure. The news mirrors how other countries are utilizing Bitcoin mining to clean up energy grids. Bhutan mines Bitcoin with renewable hydropower to consume its seasonal excess, while El Salvador uses geothermal energy to power mining rigs with zero carbon footprint. So now we've got Argentina entering the mix. I think there's another company in Argentina that's also thinking about doing this or has started a pilot doing this. I'm not sure. But Argentina is definitely on deck for Bitcoin mining.
Alright. So house Republicans move to crush the SEC's anti crypto banking policy. Decrypt, Andrew Thorvallis, procryptorepublicans are preparing a broadside against the United States Securities and Exchange Commission this week, demanding that the agency rescind its current guidance that they say discourages banks from offering crypto custody services. On Wednesday, the house of representatives will vote on representative Mike Flood's, joint resolution to lodge congressional disapproval of staff accounting bulletin 121.
A companion resolution was introduced in the senate. SAB 121, published on the SEC website, outlines the opinions of SEC staff about the risks crypto custodians should consider and lays out the related disclosure requirements under federal security law. While the SEC positions SABs as guidance rather than formal rules, Flood argued on Monday that 121 represents both a change in policy and a change that's controversial. He said the SEC also bypassed the traditional SAB development process, which usually involves consultation with federal banking agencies. Quote, it is unfortunate that the SEC would attempt to circumvent the rule making process while falsely claiming that SAB 121 is simply nonbinding staff level guidance, Flood said before the house committee on rules on Monday.
Within SAB 121, the SEC warns of technological, legal, and regulatory risks unique to crypto custodians claiming they could have a significant impact on the entity's operations and financial conditions. Flood blames warnings like this for keeping banks and broker dealers away from safeguarding crypto assets like other financial assets even 4 months after the agency's approval of Bitcoin spot ETFs. Quote, the SEC has impeded this long standing practice and made safeguarding digital assets prohibitively expensive for trustworthy and highly regulated institutions.
A resolution is not legally binding, but expresses the collective sentiment of congress. Tom Emmer, arguably the SEC's fiercest critic on Capitol Hill, back floods legislation on Monday calling the illegal SAB 121 an example of SEC's attempts to claim regulatory authority over the crypto industry at large. Quote, SAB 121 introduces more unnecessary and unavoidable concentration risks into the digital asset ecosystem, making our markets less fair, less orderly, less efficient. The SEC has targeted several of the largest crypto companies from exchanges and other custodial service providers to software development teams with lawsuits including Coinbase, Binance, Kraken, Uniswap, and Robinhood.
If the joint res resolution designated hjres 109 passes its floor vote in the house tomorrow, it must still wait its fate for the companion resolution in the senate titled sjres59, which has not yet been passed out of committee that would become law with 2 thirds vote in both chambers. So at least somebody's fighting, you know, fighting this crap. Anyway, let's, let's run the number. CNBC futures and commodities. They got West Texas Intermediate crude up half a point to $78.80. Brent Norsee is up 0.32% to 83 dollars 43¢. Natural gas is down a point and a half to $2.17 per 1,000, and gasoline is down 2 thirds of a point to $2.52.
Shiny Metal Rocks not having a good day. Well, silver is. It's up a 3rd, but gold is unchanged and everything else is down in the red, including palladium, which is the worst offender, 2.21% to the downside. Agricultural stuff is fully mixed. The biggest winner today is cotton, 3.19% to the upside. Biggest loser today is sugar, 1.9 to the downside, and live cattle is down a half. Lean hogs are up 0.6. Feeder cattle down 0.67. Legacy markets, well, the Dow's doing okay. It's up a 5th of a point, but everything else is in the red. S and P down a 10th of a point, Nasdaq down a 10th of a point, and the S and P Mini down 0.6%.
Not doing too well. $62,410 of a price of Bitcoin gives a $1,230,000,000,000 market cap. That's 27.1 ounces of shiny metal rocks that you can purchase with your 1 Bitcoin of which there are 19,000,000 695,336.74 of, and 1 third of those are being taken in fees on a per block basis. And I when I mean 1 third, I mean 1 third of 1 Bitcoin, 0.3 BTC average fees per block right now as we speak. And what is the mempool saying about how many blocks that there are? We'll find out here on mempool.space. 241 blocks carrying a 197,000 unconfirmed transactions waiting to clear at high priorities of 26 satoshis per vbyte, low priority is 21. And anything under 6, you're gonna get kicked out of mempools around the world. Oh, hash rate taking a beating today. Oh, man, dude.
482 exahashes per second. Ladies and gentlemen, we have not been under 500 exahashes per second in a very long time. Here's what I think is going on.
[00:31:27] Unknown:
I think the miners
[00:31:29] Unknown:
this I think this is also goes into why we're seeing price depression in Bitcoin. There's 3 things going on here. There is accumulation phase. I I see clear evidence that people are letting the people with that, you know, enough Bitcoin to make a difference when they market sell or buy are letting the price rise up, and then their market selling a whole bunch to get it back down, and then they let it rise up, and then they do it again and again and again. And it looks like the cycle is occurring at least twice a day. Right? Now second, I think some of these people may actually be miners. I think these are the people that are actually you know, I think they're doing double duty. Think they might be trying to manipulate the market as well as sell their Bitcoin for the highest price that they can possibly get it because they are clearly not making as much money. Does that mean all miners are in this boat? No.
But what we're seeing as the tide of Bitcoin subsidiary goes out, slowly over time, we will see more and more people that have been swimming in the ocean without any underwear. We're seeing the people that are swimming naked. That's what's going on. Some of you're going to start seeing bankruptcies in mining, in Bitcoin mining, actually occur. Does that mean you should freak out? Stop being a pussy. No. It does not mean you should freak out. God good God. Y'all get a spine. I mean, come on. But, yeah. Even I'm like even my ears prick up at 482 exahashes per second.
Oh, now from doing all the things which was episode, what? 893 of Bitcoin and I've got o two z x boosting me 5,000. Satoshi says, appreciated. Psyduck with a 1000 says, thank you for everything that you do. User 507-40894 with 500 says value for value, me gusta, and thank you. Kenneth Lloyd, 500 satoshis, no note. Pies with 420 says thank you, sir, no thank you. And God's death with 337 says thank you, sir. Cali is killing him. And then he gives Cali's impub and asks people to go zap him. Please go do that. Kalle on nostril is spelled c a l l e. You can put that into most client, nostril client search engines. You'll find them and I highly recommend that you follow God's death, and his advice.
Go zap him. Cali's behind Cashew. He's one of the guys that is practicing economic civil disobedience. That is economic civil disobedience, right? Now Stacy finishes finishes us off with a 100 sats, no note. And that's gonna be the weather report. Welcome to part 2 of the news that you can use and before we begin, I got my start 9 in. I bought a I got a server one to replace my raspberry pi which has been chugging along for 5 years or well no actually 5 years now never been turned off except for like 3 or 4 times it's all you know like it has to turn off when I when I, you know, upgrade the software on it.
But as far as unplugging from the wall, I've only had to do that a couple of times, you know, for like any length of time. It has been a powerhouse. But honestly, it's getting to the point where I'm just I just decided that it was time to have some extra facilities along with the Bitcoin core node and a light, Bitcoin full core Bitcoin core full node. Right? And a lightning network node. I wanted some other features, and start 9 looks like it's it's gonna do the deal. That thing synced up in a day. The entire blockchain, not pruned.
As far as I know, not pruned. I I did I looked at the configuration and it was like do you want it pruned? And I'm like no, I don't really want it pruned. I want a full archival node. So that's what I got. And honestly, I'll say a little I'll see. I started it at 6 AM UTC yesterday, and it looks like it finished up at 8 PM UTC yesterday. No. At 8 AM UTC. So a little over a full day according to UTC. That's that's what it looks like. Anyway, so all of it. The whole blockchain is now already downloaded. So the start night server 1 did it very very fast and a lot of that has to do with the processing power because when you're downloading you're not just downloading the blockchain.
Okay? You start at the genesis block and you validate all of the transactions in that block and then that block gets hashed and then that hash is used along with the second block in the validation and hashing of all of the transactions in that block and those hashes are basically hashed together to give to the 3rd block. So there's all an immense amount of processing power for validation of every single transaction in every single block and it goes starting at the genesis block all the way up to, the chain what's called the chain tip or the very last block. So it's not you're just not downloading it. So this doesn't have as much to do with your download speed as it does have to do with your processing speed. And the start 9, server 1 has got apparently got a pretty beefy ass processor in it.
I have not been able to play with it as much as I want. I will be doing that after the show. I will bring you news about that later on today. Now, so hold on. Let me get this back up here. So you guys have something pretty to look at and change the pictures of conferee so you can see all the conferee. Alright. Now onto the news. Nearly all FTX creditors will get their money back. Okay. So we're we're going back. Context is FTX, basically the, you know, Sam Bankman fried, the whole thing that that that started the whole bear market.
[00:38:00] Unknown:
Alright? But check this out.
[00:38:03] Unknown:
These creditors, not only are they gonna get their funds back, they're gonna get 118% of their funds back in cash. The estate says in their new plan. And this is out of CoinDesk written by Cheyenne Ligon. Bankrupt cryptocurrency exchange FTX has proposed a new reorg plan that would see a whopping 98% of its creditors get back 118% of their claims in cash within 60 days of court approval according to new documents filed Tuesday evening, and I call straight up bullshit. Where did this extra 20% come from?
[00:38:45] Unknown:
All the money that they took in.
[00:38:48] Unknown:
I mean, they would have had to sell every personal piece of property that or ill gotten property that all the people at FTX were basically using their users cash to buy
[00:39:01] Unknown:
and that would only get you back to a 100%. That would only get you back to a 100%.
[00:39:06] Unknown:
Where's this 20% coming from? Is it because the price of Bitcoin is back up? I thought they didn't have Bitcoin on their sheets. That's nobody knows what the hell is going on with FTX. But regardless, under this plan, other non governmental creditors would get back of their claims plus up to 9% interest to compensate them, quote, for the time value of their investments, end quote. The arrangement is still subject to approval by Delaware Bankruptcy Court overseeing the bankruptcy case. The proposed payouts are higher than earlier estimates from the FTX estate, which said in October, it expected to pay back only 90% of customer funds.
In January, current FTX CEO John Jay Ray the 3rd revised that estimate telling the court he expected to be able to pay customers back in full. Though the crypto market has rebounded since FTX's collapse and subsequent bankruptcy, irking many of FTX's customers who have missed out on the opportunity to profit from the run up in crypto prices while their funds are stuck in bankruptcy limbo. The estate denies that the market recovery is the driving force behind its massive pile of cash. In a Tuesday press release, the FTX estate said it expects to have between 1 or no. I'm sorry. 100? No. Good lord. 14.516.3 $1,000,000,000 in cash available for distribution by the time a plan is approved by Delaware Bankruptcy Court, the result of a year and a half of scraping together the company's scattered assets around the world and liquidating them, quote.
As previously disclosed, ftx.com had a massive shortfall at the time of the chapter 11 filing in November of 2022, holding only 0.1% of the Bitcoin and only 1.2% of Ethereum customers believed that it actually had held, the press release stated. Further, quote, accordingly, debtors have not been able to benefit from the appreciation of these missing tokens during these chapter 11 cases, end quote. Other sources of value, including investments AI startup, Anthropic, which was sold piecemeal to institutional investors for 80 $884,000,000 in March, have been liquidated to generate cash to pay back the claims.
FTX's new reorg plan would also settle a host of claims from regulators and government agencies, including the Internal Revenue Service, the US, CFT or the c I'm sorry. The CFTC, the commodities Futures Trading Commission. The IRS has agreed to resolve its $24,000,000,000 in claims in return for a $200,000,000 cash payment and a $685,000,000 subordinated claim that will only be paid out after all creditors and other governmental entities.
[00:42:07] Unknown:
So they're trading in their $24,000,000,000 claim for $885,000,000 total. I
[00:42:16] Unknown:
swear to god these people are insane. The CFTC and other unnamed government claimants agreed to subordinate their claims as long as FTX users and investors were paid in full with interest. There are also plans for a special fund created to make supplemental resolution or sorry, restitution to customers, certain customers and creditors, though the details of that agreement have not been finalized. Adhering to discuss the proposed plan is scheduled for June. Okay. So they're getting back more than they put in by 20% or 18%.
98% of the people are anyway. So I wonder who the 2% are that are left out in the wind to twist. Is doesn't matter, I guess. Because what's really freaking me out here, a 118 has anybody Has it I mean when Enron went bankrupt did the creditors get more than a 100% of what they put in? I don't think so. What about other bankruptcies? I mean, these guys are good to recover 65% in some cases. And I'm led to believe that they've recovered everything plus more. Something really something stinks. Everything about FTX stank.
Right? I mean, it's like even I was like go the very first, I I think I've caught myself saying that, they're buying a Bitcoin was good for Bitcoin. And clearly, I was wrong. I was just wrong because it was, you know, I didn't know who these people were. I wasn't doing my due diligence. I I got caught with my britches down, but at least I'll admit it to you. But now I mean, that well, well, not now. But after that, after I started thinking, no. I don't know. There's something fishy here. And this is before their bankruptcy. I started thinking there was something fishy. And the more other people were saying, hey, well, look what I found and look at, you know, this other person found this and blah blah blah. All of a sudden I've started going, this is these people are this is really weird.
And though the further down that actually doing ancillary to FTX. They looked to me like they were taking paychecks from FTX
[00:44:37] Unknown:
for, I don't know, for like, I don't know what they were doing. But something something is wrong here.
[00:44:46] Unknown:
There's been speculation that it's a CIA front or an FBI front or something of the, you know, the SEC and the CFTC and Gary Gilsner in there. They all basically put this kid up and said, hey. We're gonna we're gonna make Bitcoin look really, really bad. And then CZ from Binance pulled the plug on all those plans by saying, dude, here's a leaked balance sheet, and then the whole thing fell apart. And now CZ gets to go to jail for 4 months. So maybe maybe c z wasn't exactly working against all of these this tower of governmental agencies that built FTX, if that is indeed what happened, I don't know.
I'm not gonna say that that is actually what occurred because I don't know. But if it did, that's what I'm where I'm going with this, if it did, is it possible that that cz from Binance was part of the setup? And one of these days, I think we'll actually know, but I don't think it's gonna be very soon. Still though, a 118%. I call total and utter bullshit. Okay. Embassy, emessbe pronounced embassy. No. Sorry. Not embassy. MSB. Like, MSB. What is that? Money service broker? I think is what they're trying to think it's a play on words anyway. They construct coin join transactions without a coordinator.
Alright. So this is from Supertestnet. And if you guys don't know who Supertestnet is, he's a badass developer. You can find him on noster@supertestnet. Supertestnet shared a proof of concept implementation of the MSB protocol for performing coinjoin transactions without a central coordinator.
[00:46:40] Unknown:
Remember what I was saying? I think it was number 40? Be comfortable doing,
[00:46:47] Unknown:
monetary economic civil disobedience. This is monetary economic civil disobedience. I love it. I love it. I love it. The MSB protocol uses a 3 round serverless flow that can work with any public bulletin board allowing for the sending and reading of messages. The demo version of the protocol makes use of Noster as a as the public bulletin board for coordination, although the real version of the protocol would likely communicate over much more secure channels. MSB also requires users to pay for their own block space. The mining fee is calculated after all change addresses are submitted, then divided up equally among all participants and deducted from the amount that would otherwise go to users as change, added the developer.
According to the developer, the key advantages of the protocol are lack of coordinator and lack of coordinator fees. The developer also outlined a mechanism for reducing denial of service attacks using the kick out protocol, although it's not been implemented yet. Quote, I haven't implemented kick out protocol, so MSB is currently flawed. Trolls can flood any attempt with fake messages to disrupt it and stop it from happening. But if MSB works in the happy path that it does, it and if the kick out protocol can enforce the happy path, then I think we're in good shape.
Some also pointed out that the protocol lacks civil resistance mechanisms to which the developer responded that it is not a complete coinjoin software. Quote, after digging a bit, the most interesting thing by far here is the use of ring signatures like those leveraged in Monero, to prevent any mixing round participant from being able to deterministically link other participants' inputs to outputs all without a central coordinator. Again, no central coordinator, quote, Perhaps I'm missing something. But this could be extremely useful for joint markets to implement. This enhances the civil resistance of fidelity bonds and also better protects makers against takers that attempt to reveal their outputs.
Slides of the presentation can be found here and there is also a video. The link to this nobsbitcoin.com is in the show notes. And ever since I started working with podhome.fm for my podcasting, podcast hosting service, my show notes are together. There I mean and when I mean together, they look good. You can actually read them. They're not all mashed together like they used to be. Thank you thank you thank you Pod Home. But if you want to go see not only there's a couple of videos that show how this works and then there's a slide presentation that is that is also in this, then go look at it. Because what is this?
It's coinjoin without the this is what I was saying in Monday show. We cannot have companies,
[00:49:58] Unknown:
we cannot use our own names,
[00:50:00] Unknown:
We cannot have phone numbers or emails or snail mail addresses or post office boxes or whatever. You can't use company structures. You can't use LLCs. You can't use s corps. You can't use DBAs. Not in this space. Not with these wild animals running around nipping at our heels. Not until we snipe them all out are we gonna be able to be feel safe using our own names, our own phone numbers, our own emails, and and get back to business as usual. But for right now, all of that is a fucking mess. Don't use any of that shit. So now now already, Supertestnet is sitting there saying, here's how we do it without anybody being able to knock on anybody's door anywhere in the world and shut this shit down.
Boom. MSB. It's amazing. Become the change you wanna see in the world, but also be comfortable committing economic civil disobedience. Economic civil disobedience. This is a prime example of economic civil disobedience. But who's being obedient? Agoradesk. Agoradesk, local Monero p 2p exchange is shutting down November 7th. I'm surprised they're waiting that long. AgoraDesk, a no KYC peer to peer Bitcoin trading platform, announced that it has begun the winding process of its operations, probably because they have offices and phone numbers and emails and, you know, people know where they live so they can hello?
Hello? Anyway, quote, after almost 7 years of operation, due to a combination of internal and external factors, we've made the difficult decision to close down our platform. We're extremely thankful for the love and support we've received over the years. Yada yada yada, yakety schmackety, we are getting the hell out. The winding down process begins today and finishes 6 months from now. Our support staff will be available for help throughout the period. Existing users should be aware of that: 1, effective immediately, all new sign ups and ad postings are disabled 2, 1 week from now on May 14, 2024 new trades will be disabled as well c, 6 months from now on November 7, 2024, the website will be taken down. Please reclaim any funds from your arbitration bond wallet prior to that date. Otherwise, the funds may be considered abandoned or forfeited.
Alright. So, again, we have economic civil disobedience and then we have economic civil obedience, and this is them being obedient. From now on, nobody can be using their names, their real God given Christian names or whatever you wanna call it. Anything that even remotely looks like it might be on a birth certificate, you can't use it. You have to use NIMS
[00:53:00] Unknown:
if you're a developer.
[00:53:01] Unknown:
I mean, I you know, I'm did I screw up saying that my name was David Bennett over the last 5 years of this podcast? Probably, but all I produce is a podcast. I just report on what's going on. I am not actually a developer. But I guarantee you if I for whatever reason like let's say tomorrow I wake up and I'm a master of coder in Rust and C and C+C+ plus, like, I don't know, Python, and everything is, like, crystal clear like Neo waking up in the chair and looking at Morpheus going, I know kung fu. Like, let's say that shit happens and I go, fuck, I know how to fix all kinds of shit now. And then I start actually fixing all kinds of shit now. The top of mind is I'm not gonna tell anybody that I'm doing it.
I don't want accolades because they are dangerous. I don't want trophies because they might lead somebody that I don't want to my location, to my location. You see what I'm saying? There's no phone numbers. There's no emails. There's no nothing. I literally am a black hole, a fucking specter, a ghost, you know, like Casper floating around doing my coding, but making sure that nobody can see me, nobody can hear me, nobody knows that I'm doing it, nobody knows what I who I am, where I am, what I'm doing, who I know, nothing. Nothing, nothing, nothing.
Now that is way easier to say than it is done. Because we were all brought up in a system that absolutely depends on identity. We I am seeing a major shift. It's happening as of last week. And I'm not talking about a shift in the way the governments of the world see what we're doing and clearly getting their panties in a snip. I'm seeing the correct reaction from the developers and the other people in this space that are saying fine. You wanna do it this way, we will start being the snipers. We will be the snipers that lodges the very shit at the back of your head that you never saw coming from well over 5 to 6 kilometers away. You will never fucking catch us. Economic civil disobedience.
That's the name of the game. And just so you know, Libsec p 256k1 version 0.5.0 has been released. Faster key generation and faster key signing. It's an optimized C library for what's known as ECDSA signatures. That's ecliptic curve. That's how we get our private public private key pairs. That's what that that generation of those key pairs is what allows us to sign the messages that is a Bitcoin transaction. That's where it all comes from. So when somebody says multisig, well, you've got multiple signatures that have to basically be the the processing has to be done on it when you're actually signing these messages.
And some of these things get very very big and this is one of the reasons why you hear a lot of people bitching why oh why did Satoshi Nakamoto decide to use ECDSA for the signature generation portion of Bitcoin rather than a couple of other things? There's a whole there's all manner of podcasts and books and shit you can read about why that was but it was because he couldn't use this other thing that he wanted to use because it was still under patent And that's why he chose ECDSA. Anyway, it's slow. It's cumbersome. It takes a lot of memory to actually do the processing when you're doing all this stuff, causes problems. But now, it looks like an optimizy library for the signatures and secret and public key operations, have been released.
It includes algorithmic improvements, which increase the speed of key generation as well as signing. At the same time, the binary size has been reduced significantly, which we expect to benefit embedded users in particular. Moreover, a new function to sort public keys has been added. So if you're somebody who is designing a wallet for Bitcoin or whatever, then go look at Libsecp256k1 version 5.0 has been released. And I think that's gonna do it. Yeah. That should do it for the morning roundup. Dad says jokes I recently opened a company selling trampolines disguised as prayer mats Profits are going through the roof.
[00:57:47] Unknown:
I like to think about that one. Okay.
[00:57:51] Unknown:
Become comfortable with economic civil disobedience. That was number 40 in that 5th list of 50 things. Let me see if I can't get this back.
[00:58:02] Unknown:
50.
[00:58:04] Unknown:
Nah, it's not gonna do it. It's not oh, wait. It's because I'm in the wrong browser. Let's see. Fitty. Yeah. Nrplex.sirian. Io. Let's see, 50 things to do now. I honestly go read this thing for yourself. If you don't want to read it for yourself, you can always just back up. But number 40 in the list of 50 things that you need to do right now is get comfortable with the term economic civil disobedience. I honestly believe that that very well may be the most important right now for us in this space at this time is learning to become comfortable with the term economic civil disobedience. So you chew on that, 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.
[00:59:02] Unknown:
Have a great day.
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. Uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems. It is 9:30 AM Pacific Daylight Time. It is the 8th day of May 2024, and this is episode 894 of Bitcoin. And the circle p is open for business. The circle p, in case you're wondering, is my attempt to give the people that cannot afford to have a voice in marketing a voice because they have goods and services that they would like to sell to. Maybe they have a a side gig that they wanna turn into a full time job because they love it better than whatever fluorescent fluorescent light washed cubicle that they may be in just isn't cutting it for them. So I decided that since I do have an audience, it's not a big audience, but y'all are out there. Good morning, Kid Warp, speaking of one of my audiences. He's over there in zap.stream.
Thank you for showing up there, brother. The circle p is for plebs. It's a circular economy about Bitcoin for plebs that are in Bitcoin. And if you don't take Bitcoin for your goods and services, then you're not in the circle p. Like, she she 21m, he takes Bitcoin for his confre. If you want one of the best, most useful plants in your garden permanently, like plant it once and you're done, Then you're gonna want some confree. Now if you want to know more about what confree is actually going to do for you. Well, you can go over and I'm just gonna put up a whole bunch of pictures of Confrey from a Google search there over there into zap.stream so you have something to look at. But if you are in zap.stream, this is what this plant looks like. And it is just a biomass generator. You it's high in nitrogen. It's good fodder for animals.
It's medicine. It's all kinds of neat stuff. There is more to this plant than I can possibly tell you about here, and she she has the roots that you will be using to plant this plant. But if you wanna know all about Comfrey, episode 726 of Bitcoin and is where you're going to find that thing. And I highly recommend it. You can get a one you can get one full route for $20. Now the full route is what I'm pretty sure that she she's doing is he's giving you the full root, which is a big massive root, plus part of the top. And that plant will come up almost immediately, a couple of days, right? Right? You just dig a hole, you throw it in there, you make sure the top is kind of close to the surface, you fill in the dirt, boom, you're in water it. Make sure you water it in, you're kind of done.
The root cuttings, which you can get for a buck a piece, and I recommend getting 20 of them, are little pieces of the comfrey. And you put those into a hole, maybe a week, maybe 7 weeks later, it depends, you get a full plant. But once that plant is grown in there, it's almost impossible to kill and it will be in your garden forever. So wherever it is that you decide to plant these things, make sure that this is where you want these things to grow because you're never ever ever going to get rid of them. If you were to think, you know what? I messed up. I've got 20 plants over here and I'd really don't want those conferee plants over here, so I'm going to dig them out. And then you dig them out. Well, you're gonna leave a couple of pieces of root behind and guess what?
Those are gonna clone themselves and you're right back to where you started from, they're gonna grow back. So then you get pissed off, and you grab the rototiller. Yeah, I'm gonna kill all these things. And you just rototill the living shit out of it. Well, now you just pissed Comfrey off and it's going to make hundreds of plants. So again, beware. Wherever it is that you plant this plant, it has to be its final resting space. I highly recommend not planting it where it is full sun for the entire day, especially in these southern climates because it will have a lot of difficulty. Full morning sun, afternoon shade, plenty of water to get it going, and you're golden. You can get one full root for $20. You can get root cuttings for a buck each. Buyer pays shipping.
That's she she [email protected]. If you want a slower method of ordering, that's s h I s h I, the numbers 21 and the letter [email protected]. Or look in the show notes, grab his in pub because his in pub is in the show notes. Take it over to any Nostril client, plug it into the search, and you will find Shee Shee. Just make sure that you told them that you heard about it here on the circle p, and he will cut me in on some of those sweet sweet Satoshis. Now, I'm gonna throw this up here because this is where we're gonna start today. Nrplex.net.
Alright? So this isn't news, but this is something that, Walker at Walker over there on Nostr, brought up yesterday in a note. And I started looking around this thing. And somehow or another, I'm I'm I'm rather enamored with this thing. And I'm not exactly sure what it is. But if I go to the to the base and say, you know, go to anarplex.syrian. Io, syrian is spelled s I r I o n. Syrian. Io. You get into something that is called files and projects related to cryptotribes, files, spelt p h y l e s, cryptoanarchy, algorithm, and provider of darknet services.
So I don't know. Is it an FBI front? Is it a CIA front? Hell, I don't know. You can't trust nobody nowhere at all, but I found a really interesting file on this thing that I want to read to you now because this file and all the files on here let me show you a let me go over here to files, and we'll go I don't know. Crypto tribal, aristocracy of action. We'll go we'll go to that one. And if you scroll down here to the bottom, if there is a bottom hold on blah blah blah blah blah. Okay. So this one doesn't have it, but the one I'm going to read to you today, does have it. And that is, it's a PGP signed message using Shaw 1 hashing algorithm.
So whoever signed this thing has some kind of knowledge that of PGP. Again, it could be FBI or CIA. I mean, anybody can use pretty good privacy. It's PGP. You know, you can you can just use it. And but if you know how to use it, or if you're signing a message with PGP, then you at least know how to use it. Okay? It doesn't mean that I know who this person is. It just means that it is a signed message. But I'm gonna leave this up here so you can take a look at anarplex.net. That is or I'm sorry, anarplex.sirian. Io. And I think it's possible that, anarplex.net will, resolve to anarplex.syrian.io.
But here's the here's the message that I wanna read. 50 things to do now. Number 1, become a part time entrepreneur, garage market dealer, urban farmer, welder, whatever. Just be productive under your own command. It doesn't matter what it is, just be directly productive and directly deal with suppliers and clients. You'll find it awesomely liberating and it will be highly useful for the free underground market. Does this sound familiar? Number 2 Switch off the TV, read books Number 3 Socialize with people that share your ethics and that are productive and respectful Eat together, discuss, challenge each other, help each other, have a good time.
Number 4. Get a safe or a safe deposit box. Start moving all the cash you can get. Sorry. Get start moving all the cash you can get into there. Convert at least 30% of your cash to silver and or gold coins Invest in trust Do minor deals for people on a trust basis, taking others at their word and let yourself be challenged by yours. Now I'm gonna pause because that's the essence of the Circle P. If you buy from Xi Shi 21m a whole bunch of confre routes today, like let's say you spend $75 Xi Shi, the the deal that we worked out is that he will give me some percentage of those sales. It's trust though. I don't have a mechanism to punish She she. He gets he he he you now know that he sells Comfrey and you know how to get a hold of him. I marketed she she and his product that is comfrey to you free of charge. He didn't prepay me.
If if you you that's why a, I have to trust you to tell him where you heard to buy comfrey from. That's the only way that he knows that oh shit I better you know maybe cut some satoshis to Dave but what if he doesn't? I'm trusting Shishi. See, sometimes trust is involved. We we always say don't trust, verify. But in this particular case, and in many other cases, trust is is not only warranted, it's critical. It's necessary. It's necessary for me to trust Chi Chi. It's necessary for me to trust the other guys, the other vendors in the Circle P. Dubravco is one of them. You know, there, Reverend has been in there. You know, there's a couple of other people that are in there. Maple Trade's in there. I trust all these guys. There's no formal agreement. You know, trust is is important and we can't just go around shit canning trust because of the whole moniker of Bitcoin of don't trust verify. Anyway, start looking for matches. This is number 6.
When you talk with people, memorize what they do and then and if an opportunity comes up, connect them with someone else for a minor finder's fee like a hamburger or a few beers, money, whatever. It doesn't matter. Number 7, join your local Lima house, l I m a house. In parentheses, it says, we'll explain this at a future post. If anybody knows what the hell a Lima house, l I m a, is, please let me know. I'm interested because I cannot find I cannot find it. I don't see a a another post about Lima Houses. Anyway, travel, but don't go sightseeing.
Spend your time getting to know the people there. Think about business opportunities with them. Number 9. Start using aliases and pseudonyms. Does this sound familiar? Get comfortable using them in real life situations like when you go like this is me talking this isn't the thing. They don't mention Bitcoin in this by the way. But when you go to like Bitcoin Conferences be okay with using your pseudonym. It's okay. You don't have to use your real name. And I've noticed this myself. Sometimes it bothers me when somebody has, hey, none you. And I'm like, goddamn it. That's not my real name. But this is telling me that maybe I should maybe I should become comfortable with that.
Maybe I should. Number 10. Use, learn to use cryptography. 11. Learn ethics and law not the government law 12 study logic especially the fallacies and here they're referring to what's called the logical fallacies. They're arguments that are piss poor arguments like ad hominem attacks. It's a logical fallacy. That's what they're talking about. Number 13, put more cash aside. Use your part time job as the source of saved cash. Number 14. Start to invest cash with people that you know in off the book projects. Start making micro loans to people or buy shares in their operations. Number 15. Learn basic double entry bookkeeping.
Do not waste effort on the account numbers that they teach you. Understand the concept and use it. 16. Learn to write in code. We all have to use recordings, bookkeeping, contact books, transaction notes, etc. These should be hard to decipher for someone taking a quick glimpse, and even harder for somebody taking time to analyze them. Use tricks like date shifting, shorthand, making up your own terms, etc. Or, if you want to spend a little more effort, learn to use memorized ciphers, such as memorizing some longer text, then apply it as a simple shifting key to what you write with the page number or a marker as the key part. Number 17.
Tell other producers, entrepreneurs, traders, etcetera, that you appreciate what they do. I'm pausing to say that I do this. There was a guy in Midland, Texas when I was, was still living down there as a teenager, early twenties. And I had a guy that knew how to basically work on my guitar. And he re fretted my fret board once on my, on my, Fender Stratocaster. He always would like after that, he would dress the frets. He'd kinda file them down to get the end the, indentations out of them. He would set my harmonics. He would make sure that my neck was at the proper angle. He would do he would do all the things and it was awesome. And every time that I took him my guitar, the first thing I did was I would take it out, I would play it a little bit, and then I'd get on the phone. I would call this guy and tell him thank you. Even though I paid him, like, you know, 40, $50, which back in the early nineties was a fair amount of cash to do, you know, to spend for this kind of thing. But I would make sure that he knew that I appreciated him. It's it's important. It's a lost art. It's important that we should start doing that shit again.
18, buy primarily from others like you, hence the circle p. Stay away from the on the books market as much as you can. 19, when in conflict, ask someone to mediate. Solve conflicts yourself wherever and whenever you can. Use a mutually respected and trusted third party when necessary stay away from state justice in quotes whenever you can number 20 start respecting secrets secrets are good most of the time transparency is bad most of the time Detoxify yourself from the everything should be out in the open propaganda. Number 21.
Slowly make your part time off the books business your main line of income. Things like underground dental hygiene are very cool. Interesting example. Number 22. Learn that off the books means that you really have to excel in what you do. You have to provide quality. 23, don't invest in single deals invest in relationships with the market 24, get over it, voting doesn't help at all. 25. Work with friends to create buying associations and selling associations. This will give you and others lots of money to save and lots of money to hide. 26. Harbor a fugitive.
Well, good ones, obviously. 27. Help someone cross a border without documents. 28. Offer small merchants silver or gold rather than fiat currency. 29 Sell your products in silver or gold 30 Accept and use digital gold, such as pequinix or seagold. Start a community currency in your town. That's number 30 1 32 use digital cash such as ecache which is spelled ecache Number 33. Use Loom. TrueBank. Number 34. Get serious about protecting your Internet traffic. 35, get comfortable working your will in the world. 36, learn how to work your will beneficially.
This is not about being right. It's about causing benefit. Number 37, fix your mistakes. You will make them, Then learn not to repeat them. 38. Learn how to communicate effectively. Again, this is not about proving that you were right. This is about getting true ideas into other minds effectively. 39. Stop obeying the state in some new way. Tell your friends about your success in doing so. Number 40. Get comfortable with the term economic civil disobedience. Let me repeat that one. Get comfortable with the term, economic civil disobedience.
That one, right now, is the most important one in this list as of today because of all the bullshit shit that has been perpetrated on us last week. Get comfortable with the term economic civil disobedience. Number 41. Spread the idea that the state is not magic. It is nothing more than a collection of your neighbors. Not more ethical and noble than the lamer next door. Number 42. Learn how to find the false assumptions and arguments. Most public lies sound okay if you don't find their unspoken assumptions. If they pass too quickly, find the written version and search for the lie that it contains. Number 43, learn how to disagree with kindness.
And what that means I'm pausing here. What I think he means is I disagree with you, is a kind way of saying, I don't I don't agree with this. But saying you're a complete moron. I hate everything about you because clearly you're wrong, which is the the toxicity that you see over on Twitter. Don't do that because it hurts you and probably doesn't really it probably hurts you your heart your soul much more than it actually hurts the person that you say that to. If they even see that shit at all on Twitter. Chances are good they're not even seeing it. So you're the one that bears the brunt of saying those things because that negativity is like, it's like, I don't know coal dust. It just sticks onto you like it's glue. It is disgusting.
Number 44. Accept the fact that most people are confused and are just barely hanging on to the last shreds of self esteem. Understand that state intellectuals like this condition It as it makes people easier to keep in line because a little shame goes a long way. Number 45, don't waste your energy on the political crisis. Busy your mind with more substantial things. Daily political dramas are a time sink and the statists like it. Stop following their script, number 46. Use jurisdictional arbitrage to deprive the state of your money. Work with friends if the set up costs are too large for you. 47.
Learn to defend yourself, your family, your neighbors, and your town. No state means no military. Until you take this upon yourself, your plans will always have a gaping hole in their middle. There is no free lunch here either. Get weapons and be mentally prepared to use them. Decide in advance how and when you would use them. Do not leave it to the emotion of the moment. That will make a shipwreck of the entire venture. Learn how to use them safely. Number 48. Do something nice for your neighbor. The people who live near you are a far more important part of your environment than any other. Number 49.
Help people who suffer undeservedly. No state means that you're responsible for charity. Sure, it will be much easier when the state isn't telling you tell sorry. Sorry. It will be easier when the state isn't stealing all of your extra money or chasing you in hope of theft, but do what you can now and get used to the process. And finally, number 50. Watch over your friends. Notice when they are having a bad day. Show some kindness and concern. If they are overloaded, carry some of their burden. We all have bad times. And your bad day may come too. Actually, it will honestly, help one another restore one another.
Okay. I don't know who wrote this. All I have is the PGP signature at the end of this. That's all I have. I have no idea who this person is. There's no date on this. I don't know when it was written. I don't know when it was uploaded to Anarplex. But I'm fascinated. Honestly, this laundry list by itself is
[00:22:29] Unknown:
I can't find a whole lot of fault with it, and it's
[00:22:33] Unknown:
plainly not evil. Right? And they're talking about anarchism and and and fuck the state and screw the man and economic civil disobedience and yet all of this all of this. I mean, that that's gonna be poison to somebody like Elizabeth Warren. But when I'm reading it, I get a charge out of it. It's like an instruction manual. Honestly, I think it's a good thing. You should probably take a look at it. Again, that is anarplex.syrian.io. Anarplex. Dot Syrian.io. Alright. So now let's get into the news. Where are we at here? Okay. Alright. Argentinian Energy Company to mine Bitcoin with stranded gas. So another one another one's coming up here. Bitcoin Magazine written by Vivek Sin.
Argentina's energy sector is increasingly turning to Bitcoin, this time with a state owned facility using stranded natural gas or oil fields that would otherwise be wasted. State owned energy firm, YPF subsidiary, YPF Luzz, recently partnered with Genesis Digital Assets to launch a gas flare powered mining facility. It will harness 1200 machines to monetize gas currently being flared out into the atmosphere. This comes as Argentina embraces Bitcoin with the election of Bitcoin friendly president Javier Millet in late 2023. Don't trust the Millet man. Okay? Just don't trust him. I got a bad feeling about this guy. He's he got way too cozy with the World Bank and the IMF way too fast for me. Anyway, by repurposing stranded gas that is currently burned as waste, gda estimates its, mining operations could reduce up to 63% of carbon emissions, which shows how Bitcoin mining can transform energy products into opportunity to show the world that Bitcoin mining can have a positive effect on the environment and can be fully integrated into local communities.
For GDA, this means competitive energy pricing and reduced carbon output. For Argentina, it signals leadership in leveraging Bitcoin mining to enhance energy infrastructure. The news mirrors how other countries are utilizing Bitcoin mining to clean up energy grids. Bhutan mines Bitcoin with renewable hydropower to consume its seasonal excess, while El Salvador uses geothermal energy to power mining rigs with zero carbon footprint. So now we've got Argentina entering the mix. I think there's another company in Argentina that's also thinking about doing this or has started a pilot doing this. I'm not sure. But Argentina is definitely on deck for Bitcoin mining.
Alright. So house Republicans move to crush the SEC's anti crypto banking policy. Decrypt, Andrew Thorvallis, procryptorepublicans are preparing a broadside against the United States Securities and Exchange Commission this week, demanding that the agency rescind its current guidance that they say discourages banks from offering crypto custody services. On Wednesday, the house of representatives will vote on representative Mike Flood's, joint resolution to lodge congressional disapproval of staff accounting bulletin 121.
A companion resolution was introduced in the senate. SAB 121, published on the SEC website, outlines the opinions of SEC staff about the risks crypto custodians should consider and lays out the related disclosure requirements under federal security law. While the SEC positions SABs as guidance rather than formal rules, Flood argued on Monday that 121 represents both a change in policy and a change that's controversial. He said the SEC also bypassed the traditional SAB development process, which usually involves consultation with federal banking agencies. Quote, it is unfortunate that the SEC would attempt to circumvent the rule making process while falsely claiming that SAB 121 is simply nonbinding staff level guidance, Flood said before the house committee on rules on Monday.
Within SAB 121, the SEC warns of technological, legal, and regulatory risks unique to crypto custodians claiming they could have a significant impact on the entity's operations and financial conditions. Flood blames warnings like this for keeping banks and broker dealers away from safeguarding crypto assets like other financial assets even 4 months after the agency's approval of Bitcoin spot ETFs. Quote, the SEC has impeded this long standing practice and made safeguarding digital assets prohibitively expensive for trustworthy and highly regulated institutions.
A resolution is not legally binding, but expresses the collective sentiment of congress. Tom Emmer, arguably the SEC's fiercest critic on Capitol Hill, back floods legislation on Monday calling the illegal SAB 121 an example of SEC's attempts to claim regulatory authority over the crypto industry at large. Quote, SAB 121 introduces more unnecessary and unavoidable concentration risks into the digital asset ecosystem, making our markets less fair, less orderly, less efficient. The SEC has targeted several of the largest crypto companies from exchanges and other custodial service providers to software development teams with lawsuits including Coinbase, Binance, Kraken, Uniswap, and Robinhood.
If the joint res resolution designated hjres 109 passes its floor vote in the house tomorrow, it must still wait its fate for the companion resolution in the senate titled sjres59, which has not yet been passed out of committee that would become law with 2 thirds vote in both chambers. So at least somebody's fighting, you know, fighting this crap. Anyway, let's, let's run the number. CNBC futures and commodities. They got West Texas Intermediate crude up half a point to $78.80. Brent Norsee is up 0.32% to 83 dollars 43¢. Natural gas is down a point and a half to $2.17 per 1,000, and gasoline is down 2 thirds of a point to $2.52.
Shiny Metal Rocks not having a good day. Well, silver is. It's up a 3rd, but gold is unchanged and everything else is down in the red, including palladium, which is the worst offender, 2.21% to the downside. Agricultural stuff is fully mixed. The biggest winner today is cotton, 3.19% to the upside. Biggest loser today is sugar, 1.9 to the downside, and live cattle is down a half. Lean hogs are up 0.6. Feeder cattle down 0.67. Legacy markets, well, the Dow's doing okay. It's up a 5th of a point, but everything else is in the red. S and P down a 10th of a point, Nasdaq down a 10th of a point, and the S and P Mini down 0.6%.
Not doing too well. $62,410 of a price of Bitcoin gives a $1,230,000,000,000 market cap. That's 27.1 ounces of shiny metal rocks that you can purchase with your 1 Bitcoin of which there are 19,000,000 695,336.74 of, and 1 third of those are being taken in fees on a per block basis. And I when I mean 1 third, I mean 1 third of 1 Bitcoin, 0.3 BTC average fees per block right now as we speak. And what is the mempool saying about how many blocks that there are? We'll find out here on mempool.space. 241 blocks carrying a 197,000 unconfirmed transactions waiting to clear at high priorities of 26 satoshis per vbyte, low priority is 21. And anything under 6, you're gonna get kicked out of mempools around the world. Oh, hash rate taking a beating today. Oh, man, dude.
482 exahashes per second. Ladies and gentlemen, we have not been under 500 exahashes per second in a very long time. Here's what I think is going on.
[00:31:27] Unknown:
I think the miners
[00:31:29] Unknown:
this I think this is also goes into why we're seeing price depression in Bitcoin. There's 3 things going on here. There is accumulation phase. I I see clear evidence that people are letting the people with that, you know, enough Bitcoin to make a difference when they market sell or buy are letting the price rise up, and then their market selling a whole bunch to get it back down, and then they let it rise up, and then they do it again and again and again. And it looks like the cycle is occurring at least twice a day. Right? Now second, I think some of these people may actually be miners. I think these are the people that are actually you know, I think they're doing double duty. Think they might be trying to manipulate the market as well as sell their Bitcoin for the highest price that they can possibly get it because they are clearly not making as much money. Does that mean all miners are in this boat? No.
But what we're seeing as the tide of Bitcoin subsidiary goes out, slowly over time, we will see more and more people that have been swimming in the ocean without any underwear. We're seeing the people that are swimming naked. That's what's going on. Some of you're going to start seeing bankruptcies in mining, in Bitcoin mining, actually occur. Does that mean you should freak out? Stop being a pussy. No. It does not mean you should freak out. God good God. Y'all get a spine. I mean, come on. But, yeah. Even I'm like even my ears prick up at 482 exahashes per second.
Oh, now from doing all the things which was episode, what? 893 of Bitcoin and I've got o two z x boosting me 5,000. Satoshi says, appreciated. Psyduck with a 1000 says, thank you for everything that you do. User 507-40894 with 500 says value for value, me gusta, and thank you. Kenneth Lloyd, 500 satoshis, no note. Pies with 420 says thank you, sir, no thank you. And God's death with 337 says thank you, sir. Cali is killing him. And then he gives Cali's impub and asks people to go zap him. Please go do that. Kalle on nostril is spelled c a l l e. You can put that into most client, nostril client search engines. You'll find them and I highly recommend that you follow God's death, and his advice.
Go zap him. Cali's behind Cashew. He's one of the guys that is practicing economic civil disobedience. That is economic civil disobedience, right? Now Stacy finishes finishes us off with a 100 sats, no note. And that's gonna be the weather report. Welcome to part 2 of the news that you can use and before we begin, I got my start 9 in. I bought a I got a server one to replace my raspberry pi which has been chugging along for 5 years or well no actually 5 years now never been turned off except for like 3 or 4 times it's all you know like it has to turn off when I when I, you know, upgrade the software on it.
But as far as unplugging from the wall, I've only had to do that a couple of times, you know, for like any length of time. It has been a powerhouse. But honestly, it's getting to the point where I'm just I just decided that it was time to have some extra facilities along with the Bitcoin core node and a light, Bitcoin full core Bitcoin core full node. Right? And a lightning network node. I wanted some other features, and start 9 looks like it's it's gonna do the deal. That thing synced up in a day. The entire blockchain, not pruned.
As far as I know, not pruned. I I did I looked at the configuration and it was like do you want it pruned? And I'm like no, I don't really want it pruned. I want a full archival node. So that's what I got. And honestly, I'll say a little I'll see. I started it at 6 AM UTC yesterday, and it looks like it finished up at 8 PM UTC yesterday. No. At 8 AM UTC. So a little over a full day according to UTC. That's that's what it looks like. Anyway, so all of it. The whole blockchain is now already downloaded. So the start night server 1 did it very very fast and a lot of that has to do with the processing power because when you're downloading you're not just downloading the blockchain.
Okay? You start at the genesis block and you validate all of the transactions in that block and then that block gets hashed and then that hash is used along with the second block in the validation and hashing of all of the transactions in that block and those hashes are basically hashed together to give to the 3rd block. So there's all an immense amount of processing power for validation of every single transaction in every single block and it goes starting at the genesis block all the way up to, the chain what's called the chain tip or the very last block. So it's not you're just not downloading it. So this doesn't have as much to do with your download speed as it does have to do with your processing speed. And the start 9, server 1 has got apparently got a pretty beefy ass processor in it.
I have not been able to play with it as much as I want. I will be doing that after the show. I will bring you news about that later on today. Now, so hold on. Let me get this back up here. So you guys have something pretty to look at and change the pictures of conferee so you can see all the conferee. Alright. Now onto the news. Nearly all FTX creditors will get their money back. Okay. So we're we're going back. Context is FTX, basically the, you know, Sam Bankman fried, the whole thing that that that started the whole bear market.
[00:38:00] Unknown:
Alright? But check this out.
[00:38:03] Unknown:
These creditors, not only are they gonna get their funds back, they're gonna get 118% of their funds back in cash. The estate says in their new plan. And this is out of CoinDesk written by Cheyenne Ligon. Bankrupt cryptocurrency exchange FTX has proposed a new reorg plan that would see a whopping 98% of its creditors get back 118% of their claims in cash within 60 days of court approval according to new documents filed Tuesday evening, and I call straight up bullshit. Where did this extra 20% come from?
[00:38:45] Unknown:
All the money that they took in.
[00:38:48] Unknown:
I mean, they would have had to sell every personal piece of property that or ill gotten property that all the people at FTX were basically using their users cash to buy
[00:39:01] Unknown:
and that would only get you back to a 100%. That would only get you back to a 100%.
[00:39:06] Unknown:
Where's this 20% coming from? Is it because the price of Bitcoin is back up? I thought they didn't have Bitcoin on their sheets. That's nobody knows what the hell is going on with FTX. But regardless, under this plan, other non governmental creditors would get back of their claims plus up to 9% interest to compensate them, quote, for the time value of their investments, end quote. The arrangement is still subject to approval by Delaware Bankruptcy Court overseeing the bankruptcy case. The proposed payouts are higher than earlier estimates from the FTX estate, which said in October, it expected to pay back only 90% of customer funds.
In January, current FTX CEO John Jay Ray the 3rd revised that estimate telling the court he expected to be able to pay customers back in full. Though the crypto market has rebounded since FTX's collapse and subsequent bankruptcy, irking many of FTX's customers who have missed out on the opportunity to profit from the run up in crypto prices while their funds are stuck in bankruptcy limbo. The estate denies that the market recovery is the driving force behind its massive pile of cash. In a Tuesday press release, the FTX estate said it expects to have between 1 or no. I'm sorry. 100? No. Good lord. 14.516.3 $1,000,000,000 in cash available for distribution by the time a plan is approved by Delaware Bankruptcy Court, the result of a year and a half of scraping together the company's scattered assets around the world and liquidating them, quote.
As previously disclosed, ftx.com had a massive shortfall at the time of the chapter 11 filing in November of 2022, holding only 0.1% of the Bitcoin and only 1.2% of Ethereum customers believed that it actually had held, the press release stated. Further, quote, accordingly, debtors have not been able to benefit from the appreciation of these missing tokens during these chapter 11 cases, end quote. Other sources of value, including investments AI startup, Anthropic, which was sold piecemeal to institutional investors for 80 $884,000,000 in March, have been liquidated to generate cash to pay back the claims.
FTX's new reorg plan would also settle a host of claims from regulators and government agencies, including the Internal Revenue Service, the US, CFT or the c I'm sorry. The CFTC, the commodities Futures Trading Commission. The IRS has agreed to resolve its $24,000,000,000 in claims in return for a $200,000,000 cash payment and a $685,000,000 subordinated claim that will only be paid out after all creditors and other governmental entities.
[00:42:07] Unknown:
So they're trading in their $24,000,000,000 claim for $885,000,000 total. I
[00:42:16] Unknown:
swear to god these people are insane. The CFTC and other unnamed government claimants agreed to subordinate their claims as long as FTX users and investors were paid in full with interest. There are also plans for a special fund created to make supplemental resolution or sorry, restitution to customers, certain customers and creditors, though the details of that agreement have not been finalized. Adhering to discuss the proposed plan is scheduled for June. Okay. So they're getting back more than they put in by 20% or 18%.
98% of the people are anyway. So I wonder who the 2% are that are left out in the wind to twist. Is doesn't matter, I guess. Because what's really freaking me out here, a 118 has anybody Has it I mean when Enron went bankrupt did the creditors get more than a 100% of what they put in? I don't think so. What about other bankruptcies? I mean, these guys are good to recover 65% in some cases. And I'm led to believe that they've recovered everything plus more. Something really something stinks. Everything about FTX stank.
Right? I mean, it's like even I was like go the very first, I I think I've caught myself saying that, they're buying a Bitcoin was good for Bitcoin. And clearly, I was wrong. I was just wrong because it was, you know, I didn't know who these people were. I wasn't doing my due diligence. I I got caught with my britches down, but at least I'll admit it to you. But now I mean, that well, well, not now. But after that, after I started thinking, no. I don't know. There's something fishy here. And this is before their bankruptcy. I started thinking there was something fishy. And the more other people were saying, hey, well, look what I found and look at, you know, this other person found this and blah blah blah. All of a sudden I've started going, this is these people are this is really weird.
And though the further down that actually doing ancillary to FTX. They looked to me like they were taking paychecks from FTX
[00:44:37] Unknown:
for, I don't know, for like, I don't know what they were doing. But something something is wrong here.
[00:44:46] Unknown:
There's been speculation that it's a CIA front or an FBI front or something of the, you know, the SEC and the CFTC and Gary Gilsner in there. They all basically put this kid up and said, hey. We're gonna we're gonna make Bitcoin look really, really bad. And then CZ from Binance pulled the plug on all those plans by saying, dude, here's a leaked balance sheet, and then the whole thing fell apart. And now CZ gets to go to jail for 4 months. So maybe maybe c z wasn't exactly working against all of these this tower of governmental agencies that built FTX, if that is indeed what happened, I don't know.
I'm not gonna say that that is actually what occurred because I don't know. But if it did, that's what I'm where I'm going with this, if it did, is it possible that that cz from Binance was part of the setup? And one of these days, I think we'll actually know, but I don't think it's gonna be very soon. Still though, a 118%. I call total and utter bullshit. Okay. Embassy, emessbe pronounced embassy. No. Sorry. Not embassy. MSB. Like, MSB. What is that? Money service broker? I think is what they're trying to think it's a play on words anyway. They construct coin join transactions without a coordinator.
Alright. So this is from Supertestnet. And if you guys don't know who Supertestnet is, he's a badass developer. You can find him on noster@supertestnet. Supertestnet shared a proof of concept implementation of the MSB protocol for performing coinjoin transactions without a central coordinator.
[00:46:40] Unknown:
Remember what I was saying? I think it was number 40? Be comfortable doing,
[00:46:47] Unknown:
monetary economic civil disobedience. This is monetary economic civil disobedience. I love it. I love it. I love it. The MSB protocol uses a 3 round serverless flow that can work with any public bulletin board allowing for the sending and reading of messages. The demo version of the protocol makes use of Noster as a as the public bulletin board for coordination, although the real version of the protocol would likely communicate over much more secure channels. MSB also requires users to pay for their own block space. The mining fee is calculated after all change addresses are submitted, then divided up equally among all participants and deducted from the amount that would otherwise go to users as change, added the developer.
According to the developer, the key advantages of the protocol are lack of coordinator and lack of coordinator fees. The developer also outlined a mechanism for reducing denial of service attacks using the kick out protocol, although it's not been implemented yet. Quote, I haven't implemented kick out protocol, so MSB is currently flawed. Trolls can flood any attempt with fake messages to disrupt it and stop it from happening. But if MSB works in the happy path that it does, it and if the kick out protocol can enforce the happy path, then I think we're in good shape.
Some also pointed out that the protocol lacks civil resistance mechanisms to which the developer responded that it is not a complete coinjoin software. Quote, after digging a bit, the most interesting thing by far here is the use of ring signatures like those leveraged in Monero, to prevent any mixing round participant from being able to deterministically link other participants' inputs to outputs all without a central coordinator. Again, no central coordinator, quote, Perhaps I'm missing something. But this could be extremely useful for joint markets to implement. This enhances the civil resistance of fidelity bonds and also better protects makers against takers that attempt to reveal their outputs.
Slides of the presentation can be found here and there is also a video. The link to this nobsbitcoin.com is in the show notes. And ever since I started working with podhome.fm for my podcasting, podcast hosting service, my show notes are together. There I mean and when I mean together, they look good. You can actually read them. They're not all mashed together like they used to be. Thank you thank you thank you Pod Home. But if you want to go see not only there's a couple of videos that show how this works and then there's a slide presentation that is that is also in this, then go look at it. Because what is this?
It's coinjoin without the this is what I was saying in Monday show. We cannot have companies,
[00:49:58] Unknown:
we cannot use our own names,
[00:50:00] Unknown:
We cannot have phone numbers or emails or snail mail addresses or post office boxes or whatever. You can't use company structures. You can't use LLCs. You can't use s corps. You can't use DBAs. Not in this space. Not with these wild animals running around nipping at our heels. Not until we snipe them all out are we gonna be able to be feel safe using our own names, our own phone numbers, our own emails, and and get back to business as usual. But for right now, all of that is a fucking mess. Don't use any of that shit. So now now already, Supertestnet is sitting there saying, here's how we do it without anybody being able to knock on anybody's door anywhere in the world and shut this shit down.
Boom. MSB. It's amazing. Become the change you wanna see in the world, but also be comfortable committing economic civil disobedience. Economic civil disobedience. This is a prime example of economic civil disobedience. But who's being obedient? Agoradesk. Agoradesk, local Monero p 2p exchange is shutting down November 7th. I'm surprised they're waiting that long. AgoraDesk, a no KYC peer to peer Bitcoin trading platform, announced that it has begun the winding process of its operations, probably because they have offices and phone numbers and emails and, you know, people know where they live so they can hello?
Hello? Anyway, quote, after almost 7 years of operation, due to a combination of internal and external factors, we've made the difficult decision to close down our platform. We're extremely thankful for the love and support we've received over the years. Yada yada yada, yakety schmackety, we are getting the hell out. The winding down process begins today and finishes 6 months from now. Our support staff will be available for help throughout the period. Existing users should be aware of that: 1, effective immediately, all new sign ups and ad postings are disabled 2, 1 week from now on May 14, 2024 new trades will be disabled as well c, 6 months from now on November 7, 2024, the website will be taken down. Please reclaim any funds from your arbitration bond wallet prior to that date. Otherwise, the funds may be considered abandoned or forfeited.
Alright. So, again, we have economic civil disobedience and then we have economic civil obedience, and this is them being obedient. From now on, nobody can be using their names, their real God given Christian names or whatever you wanna call it. Anything that even remotely looks like it might be on a birth certificate, you can't use it. You have to use NIMS
[00:53:00] Unknown:
if you're a developer.
[00:53:01] Unknown:
I mean, I you know, I'm did I screw up saying that my name was David Bennett over the last 5 years of this podcast? Probably, but all I produce is a podcast. I just report on what's going on. I am not actually a developer. But I guarantee you if I for whatever reason like let's say tomorrow I wake up and I'm a master of coder in Rust and C and C+C+ plus, like, I don't know, Python, and everything is, like, crystal clear like Neo waking up in the chair and looking at Morpheus going, I know kung fu. Like, let's say that shit happens and I go, fuck, I know how to fix all kinds of shit now. And then I start actually fixing all kinds of shit now. The top of mind is I'm not gonna tell anybody that I'm doing it.
I don't want accolades because they are dangerous. I don't want trophies because they might lead somebody that I don't want to my location, to my location. You see what I'm saying? There's no phone numbers. There's no emails. There's no nothing. I literally am a black hole, a fucking specter, a ghost, you know, like Casper floating around doing my coding, but making sure that nobody can see me, nobody can hear me, nobody knows that I'm doing it, nobody knows what I who I am, where I am, what I'm doing, who I know, nothing. Nothing, nothing, nothing.
Now that is way easier to say than it is done. Because we were all brought up in a system that absolutely depends on identity. We I am seeing a major shift. It's happening as of last week. And I'm not talking about a shift in the way the governments of the world see what we're doing and clearly getting their panties in a snip. I'm seeing the correct reaction from the developers and the other people in this space that are saying fine. You wanna do it this way, we will start being the snipers. We will be the snipers that lodges the very shit at the back of your head that you never saw coming from well over 5 to 6 kilometers away. You will never fucking catch us. Economic civil disobedience.
That's the name of the game. And just so you know, Libsec p 256k1 version 0.5.0 has been released. Faster key generation and faster key signing. It's an optimized C library for what's known as ECDSA signatures. That's ecliptic curve. That's how we get our private public private key pairs. That's what that that generation of those key pairs is what allows us to sign the messages that is a Bitcoin transaction. That's where it all comes from. So when somebody says multisig, well, you've got multiple signatures that have to basically be the the processing has to be done on it when you're actually signing these messages.
And some of these things get very very big and this is one of the reasons why you hear a lot of people bitching why oh why did Satoshi Nakamoto decide to use ECDSA for the signature generation portion of Bitcoin rather than a couple of other things? There's a whole there's all manner of podcasts and books and shit you can read about why that was but it was because he couldn't use this other thing that he wanted to use because it was still under patent And that's why he chose ECDSA. Anyway, it's slow. It's cumbersome. It takes a lot of memory to actually do the processing when you're doing all this stuff, causes problems. But now, it looks like an optimizy library for the signatures and secret and public key operations, have been released.
It includes algorithmic improvements, which increase the speed of key generation as well as signing. At the same time, the binary size has been reduced significantly, which we expect to benefit embedded users in particular. Moreover, a new function to sort public keys has been added. So if you're somebody who is designing a wallet for Bitcoin or whatever, then go look at Libsecp256k1 version 5.0 has been released. And I think that's gonna do it. Yeah. That should do it for the morning roundup. Dad says jokes I recently opened a company selling trampolines disguised as prayer mats Profits are going through the roof.
[00:57:47] Unknown:
I like to think about that one. Okay.
[00:57:51] Unknown:
Become comfortable with economic civil disobedience. That was number 40 in that 5th list of 50 things. Let me see if I can't get this back.
[00:58:02] Unknown:
50.
[00:58:04] Unknown:
Nah, it's not gonna do it. It's not oh, wait. It's because I'm in the wrong browser. Let's see. Fitty. Yeah. Nrplex.sirian. Io. Let's see, 50 things to do now. I honestly go read this thing for yourself. If you don't want to read it for yourself, you can always just back up. But number 40 in the list of 50 things that you need to do right now is get comfortable with the term economic civil disobedience. I honestly believe that that very well may be the most important right now for us in this space at this time is learning to become comfortable with the term economic civil disobedience. So you chew on that, 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.
[00:59:02] Unknown:
Have a great day.
Introduction to the Circle P, a platform for plebs in the Bitcoin circular economy.
Market updates including commodities, metals, and legacy markets.
Donations!
Importance of using pseudonyms and NIMS for developers to maintain anonymity and security
Challenges of transitioning to a system less dependent on identity and the shift in the industry
Features and benefits of the new Libsecp256k1 version 5.0 release for key generation and signing operations
Terrible Joke Corner
