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Join me today for Episode 876 of Bitcoin And . . . Topics for today: - EUSSR Cash Cap and Ban - Hashrate Futures Are Here - Ethereum's Warrant Canary Died - US Pressures Kenya on Worldcoin - Stratum V2 Released #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 Articles: https://www.patrick-breyer.de/en/eu-cash-cap-and-ban-on-anonymous-crypto-payments-results-in-financial-paternalism/ https://bitcoinmagazine.com/markets/luxor-and-bitnomial-launch-first-ever-bitcoin-hashrate-futures https://primal.net/e/note1tlmx3ykh6mmpck4w2gyux85vk3x8844vu24jv7hldcxr2g32rw3q4e2y5l https://github.com/ethereum/ethereum-foundation-website/commit/769b30603504b4b5e8f601f8014691a8d1821390 https://decrypt.co/222694/blackrock-ethereum-fund-buidl https://cointelegraph.com/news/kenya-defies-us-pressure-maintains-worldcoin-suspension - 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://decrypt.co/222765/bullish-bitcoin-swiss-central-bank-first-cut-interest-rates https://www.nobsbitcoin.com/microbolt-node-guide/ https://www.nobsbitcoin.com/sri-v1-0-0/ https://blog.btcpayserver.org/case-study-bitcoin-atlantis/?ref=nobsbitcoin.com https://www.nobsbitcoin.com/bitcan-budget-diy-bitcoin-seed-storage/ Find me on nostr npub1vwymuey3u7mf860ndrkw3r7dz30s0srg6tqmhtjzg7umtm6rn5eq2qzugd (npub) 6389be6491e7b693e9f368ece88fcd145f07c068d2c1bbae4247b9b5ef439d32 (Hex) Twitter: https://twitter.com/DavidB84567 StackerNews: stacker.news/NunyaBidness Podcasting 2.0: fountain.fm/show/eK5XaSb3UaLRavU3lYrI Apple Podcasts: tinyurl.com/unm35bjh Mastodon: https://noauthority.social/@NunyaBidness Support Bitcoin And . . . on Patreon: patreon.com/BitcoinAndPodcast Find Lightning Network Channel partners here: https://t.me/+bj-7w_ePsANlOGEx (Nodestrich) https://t.me/plebnet (Plebnet) Music by: Flutey Funk Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

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Good morning. This is David Bennett, and this is Bitcoin Ant, a podcast where I try to find the edge effect between the worlds of Bitcoin, gaming, permaculture,   podcasting, and education to gain a better understanding of all. Edge effect is a concept from ecology describing a greater diversity of life where the edges of 2 systems overlap.   While species from either system can be found at the edge, it is important to note there are species in the overlap that exist in neither system, and that is what I seek to uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems.   It is 10 AM Pacific Daylight Time.  

It is the 22nd   of, what, March?   2024. And this is episode   876   of Bitcoin.   And the circle p is open for business. This time it's from your friend, XiXi.   Hey, green thumbs and herbal enthusiast. Are you ready to revolutionize your garden as well as your wellness?   Meet Shee Shee's comfrey, nature's magic plant. It heals your soil, your skin, and even your wallet. Because, yes, we accept Bitcoin.   With Confri,   you're not just growing a plant, you're growing miracles. So dig into the future of gardening and payments.   She's she's Confri,   where every leaf is a treasure and every purchase is as easy as a Bitcoin breeze. That's right.  

You can get one full root of this conferee plant from Shishi   for $20.   Or you can get root cuttings for a buck each.   Buyer pays shipping.   To get this fascinating plant,   you're gonna need to email shishi21m   atprotonmail.com,   which is a little bit slower than just getting a hold of him over there on Nostr.   His in pub for Nostr will be in the show notes.   But honestly, just use the search function in your client and just   search she she that is s h I s h I   21, and you'll probably you'll get to them. But make sure that you mentioned that you heard about his product here in the circle p because   like all of the vendors in the circle p,   I kind of get a cut from all the sales that I make and that is a value for value transfer   between the vendor that is in the circle p and myself. And if you're asking yourself what the circle p is, it is simply   my way   of bringing plebs like you that has goods and services for sale in   in Bitcoin to other plebs that might actually want to buy their goods and services in Bitcoin.  

And remember, if they're not selling it   for Bitcoin,   then they're not in the circle p.   I mean, it's just that simple, honestly. Now   on   to the news. Let's see. What do we got here?   I don't think that's what I wanted to start off with. Let me make sure. Let me make sure.   Yeah, that is not what I wanted to start off with. Here we go.   Let's do   let's go over into the land   of dystopian   fiction literature.  

[00:03:21] Unknown:

Honestly, think about it this way. Where's George Orwell from?   Where is Aldous Huxley from?   Where is  

[00:03:32] Unknown:

where like I mean if did you watch the movie Brazil?  

[00:03:36] Unknown:

Where is  

[00:03:38] Unknown:

you know, where are the guys that made the movie Brazil from? They're all this is all in Europe.   All these guys are from freaking Europe, dude. They   literally build and write the best   the the the mediest of dystopian   architectures   And why do you think that is? I I mean,   it's just every time I look around Europe is doing something freakish. And this time, it's the EU cash   cap and ban on anonymous crypto payments   resulting in financial paternalism.   This is written by Patrick Breyer. We're not gonna read the whole thing,   but we're gonna read enough of it for you to understand what the hell is going on in Europe.  

The majority of the EU parliament's   lead committees today   approved far reaching new anti money laundering laws.   Anonymous cash payments   over €3,000   will be banned in commercial transactions   Cash payments over €10,000   will even be completely   banned in business transactions   altogether.   And anonymous payments and cryptocurrencies   to wallets operated by providers, aka hosted wallets,   well, those are gonna be prohibited   even for minimum amounts   without a threshold.   MEP and digital freedom fighter doctor Patrick Breyer, Pirate Party from the Pirate Party, explains   his vote against as follows, quote,   generally prohibiting   anonymous payments   would at best have minimal effects on crime, but it would deprive innocent citizens of their financial freedom.  

The medicines or sex toys I buy is nobody's business.   To collect donations, dissidents such as the late Alexei Navalny   and his wife are increasingly reliant on   anonymous donations in virtual currencies worldwide.   WikiLeaks   has also already been cut off from donations by credit card companies,   where every financial transaction is captured and saved forever.   This creates a honeypot for malicious hackers and law enforcement   as well as chilling government shadow over every purchase   or donation.   This EU war on cash   will have nasty repercussions for 1000 of years.  

Societies around the world have lived with privacy protecting cash.   With the creeping abortion of cash, there is a threat of negative interest rates and the risk of banks cutting off the money supply at any given time.   Dependence upon banks   is increasing at an alarming rate. This kind of financial disenfranchisement   must be stopped instead.   We need to think about ways we can bring the best attributes of cash   into our digital future.   We have a right to pay and donate online   without our personal transactions being recorded.   If the EU believes   that it can regulate virtual currencies at a regional level,   it has not understood the global nature of the internet.  

Okay, so it is true   that the EU has banned anonymous cash payments over $3,000   in commercial transactions.   So if I go and buy, like, I don't know,   a €3000, you know, a €3,001   gold toilet   from a commercial toilet supplier and I go into them and I say, hey, here's €3,001   in cash.   They are not going to be allowed to sell it to me.   They're just not. And they're I mean, sure, I guess they could, but they're just not going to risk their business because their business will be taken away if somebody finds out.   And it can be proven beyond beyond a reasonable doubt that they, in fact,   allowed that transaction.  

Yeah. They're they're gonna lose their business.   This   is insane.   I know what you're thinking,   but it's happening.   And again, I go back to why is it my general question is why is it   that the very best   pieces of dystopic   fiction   literature has been constructed out of European countries,   specifically   Britain.   But moreover,   it's it's like a a dystopian hotbed.   And we really gotta contain this stuff.   We really do, man. We I mean, this is Europe is   over half   of the North Atlantic Treaty Organization, otherwise known as NATO.   And we're part of NATO in the United States, and so is Canada.  

NATO is far reaching,   and it's somehow or another becoming polluted   with this dystopic bs and nobody needs to live this way. So   just be careful   out there and understand that if you just if we continue to not do anything,   then we're just going to end up in a dystopian future that nobody wants to live in. Now going on,   Luxor and Bitnominal   no. Hold on. Bitnomial.   Luxor and Bitnomial   launched the first ever Bitcoin   Hashrate   futures.   Now, we've been talking about futures on Hashrate   for a long time   but apparently they have indeed launched as of March 19th Nick Hoffman tells us more Bitcoin Magazine   Luxor Technology Corporation, and Bitnomial Incorporated   have announced the launch of the first US exchange traded hash rate futures according to a press release sent to Bitcoin Magazine.  

Set to debut on Bitnomial's derivatives exchange by the end of this month, these futures contracts are specifically tailored to cater to Bitcoin miners and institutional investors alike. Quote,   Hashrate has one of the highest volatilities   of major commodities.   And the April 2024 Bitcoin halving will exacerbate   such volatility.   Bitcoin miners need additional methods to mitigate this price risk to ensure   out of   hedging positions to derisk their revenue streams, and the revenue certainly should improve their credit profile with lenders,   which will lower their cost of securing future capital.  

And that was said by Luxor's head of derivatives, Matt Williams.   Continuing,   with the impending   Bitcoin having in mind,   the Hashrate Futures aims to provide miners with the tool to hedge their future revenue streams   while offering investors access to a tradable derivatives   tracking Bitcoin mining hashrate,   the contracts, denominated in one petahash units   and with monthly durations,   will reference Luxor's Bitcoin hash price index for settlement,   effectively tracking the value of the underlying commodity,   I. E, the hash rate.   Accessible to those with futures commission merchant accounts connected to the Bitnomial exchange,   the Hashrate futures is the latest addition to Luxor's suite of Hashrate Financial Products.  

Quote,   as we approach the Bitcoin halving and witness the unprecedented   demand for spot Bitcoin ETFs surpassing   the available mine supply, Bitnomial stands as a pivotal bridge   in the crypto ecosystem,   stated Bitnomial founder and CEO Luke Horstein   or Sten.   Horsten? Yeah. I think it's Horsten.   Anyway,   our listed hash rate and physically delivered Bitcoin futures and options empower miners   to navigate this evolving landscape seamlessly.   Through Bitnomial,   miners can efficiently trade hash rate Bitcoin futures spreads,   gaining invaluable Bitcoin denominated hash rate exposure while effectively hedging and delivering mined Bitcoin directly to consumers via a federally regulated exchange.  

This convergence   of innovation and regulation solidifies blah blah blah blah. It's just a bunch of suit speak after that.   As part of Bitnomial's Bitcoin   product complex,   these physically backed contracts intend to provide a unique opportunity   for market participants with growing interest evidenced   by record high volumes and open interest during q 4 of 2023. So what does this tell us?   That everything   everything in the world can be turned into a derivative   of itself.   So trading hash rate futures.   So I'm going to be betting   on whether or not,   there will be a certain amount of hash rate in the future.  

Either I can go low   on the futures contract or I can say it's gonna be higher than it is when I purchase the contract.   So I'll purchase, like, I don't know, a 100 petahashes worth of hash rate derivatives futures contracts and say, my bet   is going to be that hash rate is gonna be higher in the future. And then I can sell those futures contracts at a   higher rate than I bought them for, thereby converting   my bet into actual physical cash. And, of course, they're going to be canceling in US dollars. They're not gonna settle in Bitcoin.   That was never said in the article, but I'll bet you bottom dollar.  

They are not going to be settling in anything other than the United States dollar.   I don't like this.   I don't think this is good.  

[00:13:26] Unknown:

Most people look at most of Normieville,  

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if they understand derivatives   that if they understand that this thing called derivatives   exists,   then I guarantee you that their thoughts about derivatives   are as follows   It helps for price discovery   For me,   I don't think that that's true.   I think it covers up price discovery. I think it introduces an inordinate amount of noise into the underlying   assets price discovery.   I   I know why they do this. They just need every vehicle   under the sun   to be able to fit everybody's demand so that they can get more money.   But this doesn't stop with hashrate.  

This will not stop with hashrate.   They will do hash price next.   Hash price is different than hashrate.   They will do   I guarantee there will be, like, orders a there will be futures contracts on ASIC production.   There will be   derivatives contracts   on   ASIC   delivery.   There will be every   if if it even looks like it can go tangential   from any aspect that is Bitcoin or the rest of the greater cryptocurrency   space,   you can bet that there's going to be a derivative for it. So just   be careful out there. And if you're wondering if you should invest in any of these, my answer is no.   Just buy Bitcoin and hold Bitcoin   and just do it the old fashioned way.  

Okay.   We've got some real funky shit going on with Ethereum Foundation.   Now,  

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I'm not saying Ethereum itself.   The Ethereum Foundation, I have to be truthful.  

[00:15:26] Unknown:

The Dan Coon update went live for Ethereum, and apparently, everybody's really happy about it. I don't know. I don't really care because it's a shit coin.   But the Ethereum Foundation,   which is problematic   in its own existence all by itself   because it it really lends to the fact that the Ethereum itself   is indeed   an unregulated   security and is probably going to get its ass handed to it at one point or another because of that. In either event,   a very weird thing happened yesterday.   So I'm going to start this way.   Let me yeah. I'm gonna start this way.  

I wrote a note on Noster earlier this morning that said good morning.   When canaries die,   it means the breathable air is fouled, and you should leave immediately.   Well into the 20th century, coal miners   brought canaries into coal mines as an early warning signal for toxic gases, primarily   carbon monoxide.   The birds, being more sensitive,   would become sick and or die before the miners, who would then have a chance to escape or put on protective respirators.   Ethereum Foundation's website   no longer has its canary as of this GitHub   commit.  

Okay. For those of you who don't understand what the hell it is that I just said,   we haven't talked about this in Bitcoin for a very long time.   But   when I first got into Bitcoin,   the issue of a canary   was all over the place. And it remains so from 2015   into 2016   to 2017   into 2018. And then after that, we kinda stopped talking about it. So what the hell   is it is the canary when it comes to this entire space that we're in?   Well,   several websites   that had something to do with   Bitcoin or the wider cryptocurrency space   usually would have at the very bottom   a very tiny canary   icon,   like an emoji, but it's just a symbol of a canary. Usually they were yellow, shaped like a bird.  

It was a canary. That was their canary.   And the idea was this.   Let me, make sure that I don't have something else on this.   Okay. The idea was this.   If something were to happen   to, say, a website that has something like, let's just say something to do with Bitcoin. Right? Don't we don't have to worry about what, but something to do with Bitcoin.  

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And  

[00:18:10] Unknown:

you go down to the bottom of the page and you see this canary.   Okay. As long as the canary is there, you're good.   But the second that canary gets taken away,   the   the issue ends up being that it was taken away because something occurred behind the scenes,   and this was a warning   that somebody got compromised.   Somebody was at generally speaking in the cryptocurrency space, it's always been about this. If a it's called a warrant canary. So if a warrant for information   came across some like the like, let's say this this   fake Bitcoin website that I'm talking about. If a warrant   came across the desk of the people that were handling that website   and all the things that that website represents   for information on maybe who has Bitcoin,   maybe who's traded Bitcoin,   maybe who bought Bitcoin, maybe who sold Bitcoin but they wanted the personal details of those individuals.  

Then at the bottom of that website the next day,   that canary would be gone. And you would know you wouldn't know exactly what happened,   but you would know you need to get out. You need to stop interacting with this shit.   Okay. So   let's go to real life,   the the Ethereum Foundation's website.  

[00:19:35] Unknown:

Pablo,   f7z,   had noticed yesterday   that a commit has occurred  

[00:19:44] Unknown:

for the Ethereum Foundation   website.   Now remember, this is the code for their website. It doesn't have anything to do with the code of Ethereum itself. We've got to keep that straight.   But a commit came over   yesterday,   and I'm looking at Ethereum   forwards   GitHub forward slash Ethereum,   forward slash   Ethereum   Foundation website.   And   this is,   this is what it says.   The commit   or this commit removes   removes   a section of the footer   as we have received   a voluntary   inquiry from a state authority that included a requirement for confidentiality,   which by itself   doesn't   doesn't really say anything. It's very it's it's a very odd situation that they even made a statement.  

But if I go through   the GitHub commit, and I'm gonna throw it up here for the guys in the livestream, this is it. This is what I'm talking about.   The words that I've just read about a voluntary inquiry from a state authority, we don't need to worry about that. Because if I scroll all the way down to the bottom of this commit,   we get   this one   right here.   And it's a section of the code   that is completely removed.   And it like, you know, and it's it's   it's HTML. It's like written in HTML.   So it's got   the class name is,   canary.  

The data that is associated with this class is canary   hyphenbird.svg,   which is a icon,   file extension.   So it literally is the this is the extension   that puts the yellow canary at the bottom of the Ethereum Foundation webpage.   And it's got a height of 60 and a width of 60 pixels and blah blah blah. And then it says down   down here,   this is what was in the footer next to   the canary.   The Ethereum Foundation   has never been contacted by any agency anywhere in the world in a way which requires that contact   not be disclosed.   Ethereum will publicly disclose any sort of inquiry from government agencies that falls outside the scope of regular business operations.  

That paragraph,   along with the yellow canary bird,   has now been removed   from the Ethereum Foundation website.   We don't really know why,   but there is   2,   two notes to this commit that I wanna read.   One is from c0m,   and it says, worth noting that   quote, a voluntary inquiry from a state authority that included a requirement for confidentiality   and being,   in quote,   contacted by any agency anywhere in the world in which   in a way which requires   that contact not be disclosed, end quote, are very different.   The latter can be a subset of the former, but the former could be anything innocuous like something in regular business operations.   Whereas,   an order where you're not even allowed to talk about the existence   the only order that the foundation has ever received,   so the removal   of the text and the removal of the bird could be referring to different things here.  

Canaries can only die   once.   Why waste it if you disclose it in the text   anyway?   Alright. So the way that I'm taking this   is that   that whole thing at the at the very front when when I said,   go I'll scroll back up here to the top,   that the this commit removes a section of the footer as we have received a voluntary inquiry from a state authority that includes a requirement for confidentiality.   What this guy is saying is that you don't do that. You don't make a statement as to why the canary is gone.   You just take the canary away.   And this issue where he says canaries can only die once,   this is in fact true. Now, sure, a website could put a canary back up after they do this thing. But the issue is is that now I can't trust that second canary, and neither should you.  

The canary is there once   and it's taken away   once.   That's the way this works in   theory, right?   Well, then there's a guy named Kyle Benzil that writes the following. He says exactly   They are not going to quote unquote waste their canary   if it was a simple request for information.   Best guess, this is the beginning of the end of for Ethereum,   and they have been compromised just like Blockstream and Bitcoin Core were previously.   It is best to assume that from now on, Ethereum is no longer a decentralized application,   but its development is being directed by governmental agencies,   again,   same as Bitcoin Core.  

I don't know why people keep going into Bitcoin Core and saying Blockstream is some kind of weird front.   It's not that I know for a fact that that statement is not true.   I'm just saying I don't see any evidence that they're operating in any kind of weird fashion, but I'm just gonna leave that alone. That's a whole other can of worms I don't wanna get into. What we're talking about here is the Ethereum Foundation's   canary is gone.   And they did it in a very weird way.   If they had just   the the canary down all by itself and not said a word about it,   other than, you know, it would be in the commit because they would have literally had to   to remove the lines of code that put that canary.bird.svg,   icon in there. We'd see that. But there would but the fact that they actually issued   a pseudo statement about why the canary was going away is very odd.  

It's very very   odd.   If it's not a dangerous situation,   you just make the statement and you leave the canary up. If it's an innocuous,   if it's like, hey, they just want some information about, I don't know, our corporate structure, who gives a shit? Nobody cares.   But if you're compromised in a way that you need to warn other people about, you take the bird down.   This is very strange.   Everything about this   smells   rotten.   Now, Ethereum has always smelled rotten.   It it it is rotten.   There's nothing about it that you should have anything to do with,   but something's afoot, and I don't know what, but it's   troubling.  

And it certainly is troubling for those who are holding giant bags   giant bags   of Ethereum.   Alright.   Let's see what else we got up here.  

[00:27:01] Unknown:

Yeah, this one is weird, too.  

[00:27:05] Unknown:

Kenya. We're gonna we're gonna go across to across the Atlantic Ocean to our brothers and sisters over there in Africa.   Specifically Kenya,   has defied   United States pressure   by maintaining   world coin suspension.   Amaka Nawachaka.   I can't pronounce it. Cointelegraph.com.   Kenya's interior secretary said the country has rejected   a request   from the United States government   to revoke its suspension of operations for the cryptocurrency project world coin.   What do you think about that?   Now remember,   you know, when I read you these stories, I'm I'm I'm leveraging   cointelegraph.com.  

So don't automatically   assume that just because I'm reading you this story,   that we know that this is is has happened for a fact.   But we're going to presume that this has, in fact, happened.   And it's bizarre because   why would the United States   tell Kenya   to release its suspension   of Worldcoin?   Let's see if there's anything more to be found out. According to local media outlet Business Daily Africa,   cabinet secretary of interior and administration of the national government,   cannot pronounce the name, told parliament that government will not lift the suspension that it imposed back in August of last year on the activities of Worldcoin.   Ken Dickey said that the suspension I can at least pronounce the last name, Ken Dickey,   said that the suspension would remain in effect until assurances   of the safety and integrity of financial deals are provided.  

Speaking to the National Assembly's Public Petitions Committee, Candicky revealed that Kenya has encountered pressure from the United States government to remove the suspension on World Coins activities.   On August 2, 2023, KinDickey announced the suspension of World Coin activities   until relevant public agencies certify   the absence of risks to Kenyans.   The cabinet secretary stressed   that the government of Kenya is specifically concerned with Worldcoin collecting crucial identification information like iris scans in exchange for a digital ID.   Nearly 3 weeks after the suspension of Worldcoin,   the Kenyan government formed a 15 member parliamentary committee headed by Gabriel   Tongoyo,   a member of parliament,   to look into the controversial project.  

Apart from the parliamentary   committee, a court suspended Worldcoin's   activities after the data commissioner's office filed a case.   The court ordered that the data already collected by Worldcoin   between April August of 2023   be preserved   pending completion of the lawsuit.   After 3 years of development, the Worldcoin project was officially launched in July of 2023.   Worldcoin's   mission builds on expectations that it will become too difficult to differentiate between humans and online bots   as AI technology grows. That's not why. They're just scumbags.   The startup created a digital ID system, whatever. So they just go back into a little bit of history of Worldcoin.  

If it is true   that the United States government   is pressuring the Kenyan government   to lift its restriction on Worldcoin,   then what is going on between the connection of Sam Altman,   which is Worldcoin creator   and OpenAI.   He is the guy behind both of them. OpenAI. Yeah. Chat GPT.   That's part of it.   World coin   and open AI,   same dude.   Sam Altman.   Sam Altman fried.   Right? He's a scammer. Watch out for him.  

[00:30:58] Unknown:

Don't trust him. Don't trust any of his people.  

[00:31:02] Unknown:

Why is the United States government   so keen   on getting Kenya   to lift its restrictions? Because as far as I know, Kenya is the only country   that has actually put restrictions on Worldcoin.  

[00:31:15] Unknown:

I don't know, man. Something doesn't smell right   at all,   and it's   kind  

[00:31:23] Unknown:

of it's kind of messing my head up a little bit. Alright. Let's see. What do we need to do now?   Let's go actually, yeah. Let's run the numbers.   CNBC, futures and commodities, oil. West Texas Intermediate is down point 6% to $80.58.   Brent, North Sea is down a half a point to 85.31.   Natural gas is down over a point to to a buck 66. Actually, it's a buck 666.   Number of the beast for natural gas and a 1,000 cubic feet of that stuff.   Gasoline   is down scant,   to $2.72   a gallon.   All your metal rocks are having a bad day just like bitcoin is. Gold is down a point to $2,162.40.   Silver is down 0.67%.  

Platinum is down 1.6%.   Copper is down 1.3. And palladium taking the biggest hit   down just over 2 points.   Most of your agricultural futures are also in the red. The biggest winner today, however, is chocolate. 4% to the upside.   Biggest loser   is soybean, 1.5 to the downside.   Live cattle is down 0.7. Lean hogs down a third. Feeder cattle down 1 a third.   The Dow and the rest of the indices are struggling too.   The Dow is down half a point. S and p is down point 07%.   Nasdaq, however, is green   point 16%   to the upside. S and p mini is down   3 quarters of a point.  

Bonds are all in the red today on their yields. Their yields have been pushed down.   Their 30 year   US Treasury Bond is now yielding 4.39%,   the 20 year 4.48%,   and the 10 year, 4.21%.   Bitcoin, $63,540.   That gives it a 1.25   $1,000,000,000,000.   Wow. $1,250,000,000,000.   That's a lot of money, man. Market cap.   Supply is 19,661,105.5   BTC in circulation.   Hash rate over the last 2016   blocks   is 595.8   exahashes per second. Average fees are 0.2 6 btc per block.   Halving estimate   has been pushed back to April 20, 2024,   and the block space percentage   being used to take out the trash that is inscriptions and ordinals has dropped   to 1.7%.  

So a little bit less appetite for stupid shit on the horizon. Thank God. Now,   mempools, what are we doing here?   Looks like we got 205   blocks   carrying   118,000   unconfirmed transactions waiting to clear   at high priority rates of 13 satoshis per v buck or v bytes? V bucks.   That's about a buck 15.   Low priorities are 12 satoshas per vbyte, and anything under 4.3   is being purged from mempools around the world. Mempool.space   mining is showing   566   exahashes   per second, so kinda close.   Alright.   From IMF   raids Pakistan episode 874   of Bitcoin and   Carol Ann Danner boosted 10,000. Satoshi   says, calling all plebs.  

Join us for a Bitcoin Freedom Festival in Connecticut on Saturday, May 4th.   Rooftop   Terrace Club Party the night before at MGM   Springfield,   MA, I guess that's Massachusetts,   hosted by Anders.   On Saturday, there will be your favorite speakers, workshops, merchart,   and a cattleman's feast hosted by your friend and mine, Texas Slim.   Be a part of the peaceful revolution.   Tickets are at   massadoption.net.   That's mass, m a s s, adoption,   mass adoption, all one word, dot net. Pies with 420 says thank you, sir. No. Thank you. Stacy with 350 says nothing.   God's death with 337   says thank you, sir. No. Thank you.  

And from episode 875,   my interview with Texas Slim when we were talking about the EPA, Texas   fires, and some other issues. I got Bubba boosting 5,000.   Says, good that you had them on. It's truly fucked up what is happening, and so many need to know this. Yeah. The EPA is really   I don't know, man. You get a little too big for the riches. Wise Huddle with 21100   says, I buy beef from the beef initiative,   but now my hand is itching to shake a rancher's hand. Thank you, sirs. You're welcome to Bravo with 1570,   says great effing interview.  

Speaking of meat being shipped around the world, the history of shipping containers explains   how it was slash is used to suppress people and exploit arbitrage   throughout the world. You know,   that thing that got SBF started in Bitcoin.   And he's got   an open spotify   link here, but I'm not gonna look at it just yet. Axelrod with a 1000 says great topic.   Would love to hear more on how to disintermediate   supply lines from farm to table with our food supply.   Looking to get me a local rancher. Thanks for the important education. You're welcome.   The bird with 550 says, great show, great mission, need more of this across the country. Pies with 420. Thank you, sir. No. Thank you. God's death 337. Thank you, sir. No. Thank you. And Bubba ending us off, 200 sats,   says absolutely nothing.  

That's the weather report.   Welcome to part 2 of the news that you can use. Bullish for Bitcoin?   Swiss Central Bank is the 1st to cut interest rates.   Oh, that's gonna be interesting.   Decrypt   dotc0.   Andrew Thorvallis   is writing it.   The Swiss National Bank   announced a 25   basis point cut   to its benchmark interest rate on Thursday, bucking a global trend   among other central banks committed to keeping rates elevated.   Should other follows, it could be a promising sign for crypto,   which have historically ebbed and flowed in line with global macroeconomic   policy. Quote,   for some months now, inflation   has been back below 2%, and thus in the range the SNB, the Swiss National Bank, equates with price stability,   explained the central bank regarding its decision.  

In February, the nation's inflation rate fell to just 1.2%,   with the central bank now forecasting an average inflation rate of 1.4%   in 2024   and 1.2   coming in 2025.   The bank's new policy rate   is 1.5%,   down from the 1.75%   level it had maintained since June of last year. Before that,   the bank raised rates for 1 year straight   from   negative   0.75%,   which it previously held since January of 2015,   economists,   polled by Reuters,   initially expected the central bank to keep rates elevated for several more months.   Now the surprise move drove down Swiss government bond yields on Thursday   as well as the value of the Swiss franc against the euro as well as the US dollar.  

The US Federal Reserve kept its target range flat between 5 0.25%   and 5.5   on Wednesday, while the European Central Bank is expected to maintain its 4.5%   rate in April.   Though inflation   is still above 2% in their respective regions,   both central banks are forecasted to start lowering rates   sometime   this year, possibly by June.   After topping out at $69,000,   Bitcoin's price began its year long price slide in November of 2021   just as the Federal Reserve announced its intention to raise interest rates to combat inflation.   A slew of industry bankruptcies followed in 2022   when the central bank embarked on one of its fiercest tightening cycles in history.  

Conversely,   Bitcoin price ripped from $3 a half   $1,000 to 64 grand   within 13 months after the Federal Reserve lowered its benchmark rate to 0.25%   back in March of 2020.   Still, some analysts believe other macroeconomic   factors are more important to Bitcoin's price right now, which has ballooned since the start of 2023 between US banking failures,   spot ETF approvals,   and strained global liquidity.   Now, so that's the end of the article.   The here's the thing.   The United States Federal Reserve announced on Wednesday that it was keeping rates the same.   Okay? We knew I told you that that shit was going to happen, right? It should not have been a surprise.  

I still think   that they're gonna surprise us   in June or July   when they don't raise or lower rates again.   I think that that's actually going to happen. My gut feeling says   that it's it's we already know that they're not gonna raise rate or, do anything with rates this quarter.   My gut feeling tells me that they're not gonna do anything next quarter either,   and we're we're just about to start the next quarter.   Right? April 1st,   right? March April. Yeah. April 1st, we start the new quarter.   I don't think anything is gonna change.   However,   Japan   lowered their interest rates by 10 basis points   this week. It was either Monday. It's possible it was,   last week, like the end of last week.  

But I'm thinking it was Monday when they announced it. And now we have the Swiss National Bank   lowering theirs by 25 basis points.   I find that fascinating because   Japan and Switzerland,   we do a lot of business, especially with Japan.   And because   they've lowered their interest rates,   they might be pulling a forcing function on the Federal Reserve or at least trying to see if they can   to get the federal reserve to lower their rates.   Because as the federal reserve and the United States treasury bonds have higher rates,   it really screws up other countries. Because the Treasury bond of the United States is what?  

The most important financial   instrument   in the world   and has been for quite some time   and will be for a little while longer.   And while its rates are high,   the rest of the world has to bow down and do the thing.   But this time, the Swiss National Bank and Japan,   even though Japan's 10 basis point drop was basically kind of like a token,   but still it was a drop.   And they are one of our largest trading partners.   And now we've got the Swiss National Bank doing the same.   Now if a lot of other people start doing the same thing, the Fed may not have a choice.   But we'll have to see.  

My gut feeling,   we don't get interest rate decreases until   the second half of this year, if not the very last quarter.   And that's gonna piss a lot of people off, and it's gonna make a lot of banks   sink.   So I'm looking at you, New York Community   Bank. Alright.   Micro bolt guide.   I want everybody   to understand that if you're not running a Bitcoin full node   and your own lightning node,   I want you to reconsider your position.   Now you have the MicroBolt   guide   setting up a Bitcoin and lightning node from scratch,   and this is nobsbitcoin.com   quote with this guide.  

You too can set up a Bitcoin and Lightning node from scratch doing everything yourself.   You will learn about Linux, Bitcoin,   as well as lightning.   As a result,   you'll have your very own MicroBolt   node   built by you   and no one else.   MicroBolt is a fork of Raspberry or Raspberry Bolt and Minibolt   made for all kinds of computers, not only Raspberry Pis. We strive to give foolproof instructions.   But the goal is also to do everything ourselves.   Shortcuts that involve trusting someone else,   not allowed.   This makes this guy quite technical.   But we try to make it as straightforward as possible. You'll gain a basic understanding   of the how and why.  

So its key features are that it's built on top of Alpine Linux. It's simple, it's small, it's secure,   it's bloat free,   Multiple languages can be used.   Oh, actually multi language and not computer language. It's like it's written in multiple languages, but here it only says Catalan   and English. So not a whole lot of multi   language, just 2.   Bi language, it's bilingual.   It's tool agnostic.   It's anti ordinals first, so I guess that means that they're gonna have instructions on how to put an ordinal filter in there.   BitX and team nerd miner ready Bitcoin Core and Bitcoin Nauts are apparently   Bitcoin Knots is Luke Dash Junior's version of Bitcoin Core.  

You got Electris and Fulcrum in there. Sparrow wallet and instructions on how to to hook that shit up is included.   BTC   RPC Explorer, public pool, LND,   Thunderhub,   Zeus wallet, and more to come. Alright, so it's a it's a technical guide and we understand that,   we get it. We get that nobody wants to actually, you know,   how much do you really want to pull,   put yourself out there to do this?   Well, it depends on what you think it's worth.   If you think that being self sovereign is worthwhile   and you have not actually purchased and set up   somebody else's node software, like I have. I use my node,   BTC   to run on a Raspberry Pi 4   and it's fine. I've been running it for well over   almost 3 years now, I think if possibly even over   possibly even over not sure, but if you haven't done that yet,   I used to advise this all the time, please run your own full Bitcoin node.  

We can always use more nodes. The more nodes,   the easier it is for each, you know, for nodes to be able to get through to each other on the gossip layer and trade information around.   So please consider doing it. But here is the guide. I've thrown it up into,   into the chat so the guys at zap.stream   can see it.   And honestly, it's it's gonna be kind of like a bear,   but if you wanna learn something new,   you might wanna consider this. Especially if you've ever been thinking about how to operate in Linux,   you might wanna think about this one. I'm just saying. Because you'll get a lightning node out of it, you'll get a Bitcoin full node out of it. But more than that,   you're gonna have a deeper understanding than even I do of setting this on how to set this stuff up because you're doing it from a much more from scratch position   than I did it when I simply got my node BTC   and cranked that son of a bitch up. So just please consider doing it. We always need more lightning nodes. We need more Bitcoin nodes.  

It's gonna make everybody's life better. It just will. Now this one.   And watch out for this one, BlackRock   unveils   Bilville.   Yes, b u I d l. They're BlackRock is using the the   the thing, the hoddle   spelling.   I thought we were past this. Whatever.   BlackRock unveils buildal   tokenized   asset fund on Ethereum   with a $5,000,000   buy in.   I'm telling you this   not   because I like Ethereum. I don't think anybody should touch this crappy chain.   But here's what but this is what BlackRock is doing.   Remember BlackRock?   The guys that hold the Ibit,   the I shares,   Ibit   spot BTC   ETF. Yeah   Yeah, this is this is where their mind is at. So let's just read through it. Ryan   Ozawa from decryp.c0.  

After leaving financial and crypto market watchers reading tea leaves to divine its next big move,   investment titan BlackRock spilled the tea late on Wednesday   on a tokenized   asset fund dubbed Buildle.   It will be built on   the Ethereum network and is the company's first tokenized fund   issued on a public blockchain. The BlackRock USD Institutional   Digital Liquidity Fund   was first registered in the British Virgin Islands last year.   Quote,   Buildle will offer investors important benefits by enabling the issuance and trade trading of ownership on a blockchain,   expanding investor access to on chain offerings, providing instantaneous   and transparent settlement, and allowing for transfers across platforms,   BlackRock said in its announcement.  

The fund's initial investment is a minimum of $5,000,000   BlackRock said that's a significantly   higher bar than what was specified in its SEC filing published yesterday.   The notice   of exempt offerings on securities   did not offer the fund size but said that the minimum investment accepted   from any outsider would be a $100,000.   Investor applications,   values range from 1   to $100,000,000.   In order to bridge between   Ethereum and traditional markets, BlackRock is enlisting Bank of New York Mellon,   a global provider of investment management and investment services. B y BNY Mellon will serve as the custodian for the fund's assets   as well as being its administrator.  

BlackRock is also tapping Securitized   Markets LLC,   an SEC registered transfer agent.   Tokenization   of securities could fundamentally transform capital markets.   Securitize   cofounder and CEO Carlos Domingo said in an announcement.   Today's news   demonstrates the traditional financial project or products are being made more accessible through   digitization.   As part of the deal, BlackRock made a strategic investment in Securitize   and BlackRock Global Head of Strategic Ecosystem Partnerships, Joseph Chalam,   has been appointed to the Securitize   board of directors.  

After the explosive success of spot Bitcoin ETFs approved by the SEC in January,   crypto market watchers were eagerly   anticipating the approval of similar investment vehicles for Ethereum.   Such a development, analysts say, could push the price of shit coin number 1 well be of beyond 14,000.   It's trading for 35100   as of this writing. Not everyone is as bullish.   Analyst Eric Balchunis   said that the Ethereum spot ETF would be small potatoes   next to their Bitcoin based counterparts.   Even so,   BlackRock CEO Larry Fink may have telegraphed the plan for Bilville when asked about a spot Ethereum,   ETF back in January. Quote,   I see value in having an Ethereum ETF, Fink told CNBC.  

As I said, these are just stepping stones towards tokenization.   The prospect of a spot Ethereum ETF   have been less clear, however.   The SEC   pushed back its decision on applications   to offer such garbage from BlackRock and Grayscale.   And while there is a hard deadline coming in May, some experts say approval may not come and that a delay is probably for the best. BlackRock spot Ethereum filing prompted a surge in the price of Ethereum   in November. Alright. So   here's the real meat and potatoes of this is this quote from Larry Fink.   I see value in having an Ethereum ETF.  

As I said,   these are just stepping stones   towards tokenization.   Here's what I think Larry Fink is. The think   the here's the think think is is I guess the best way to put it.   He's going after the entire stock market, all the ticker symbols. He wants to turn into tokens.   He doesn't give a shit what chain   what shit chain he uses to do so. He just wants Texaco or or Chevron to be   a token.   He wants   Amazon shares   to be a token,   a digital token.   If think gets his way,   it would completely   transform   worldwide markets, and in my opinion, not for the better.   It would unleash a hailstorm   of greed   and   despicable behavior.  

The amount of derivatives   that you will see will be eye watering   if something like this happens. And that's what I think Larry Fink is actually up to. I don't think he cares about Ethereum.   Hell, I don't even think for the most part, he really gives that much of a shit about Bitcoin itself.   What he wants   is to take the entire   legacy   financial market   and all of its separate assets   and turn them into tokens   on a blockchain.   And if anybody was going to do it and be successful at it, it's going to be somebody like Larry Fink.   I hope he's wrong.  

I don't want to see this.   I don't think any anything about this is good at all, like under any circumstances.   But I   have   no reservations   in saying that Fink doesn't care about Ethereum.   He doesn't care about Bitcoin. He doesn't care about spot ETFs on Bitcoin. He doesn't care about spot ETFs on Ethereum.   He wants   to be the guy   that completely   transforms   the worldwide   shareholder   landscape.   The shares of all companies,   series a,   series b,   preferred shares,   senior notes,   treasury bonds,   anything. If it if it looks like it can be   automatized or made into an atomic thing like a single share,   then think once it tokenized.  

That's what this is about.   It has nothing at all to do with Ethereum itself.   You gotta look at what's going on underneath   the the the ocean currents to understand which way the waves are gonna break.   And the waves are not gonna break the way we think they're gonna break because we're focusing on the surface waves.   We're not looking at the undertow.   This shit, I just gave you the undertow.   But thankfully, we've got stuff like Stratumv2   reference implementation   version 1   being released.   They've gone to a full point   release, ladies and gentlemen.  

This is huge.   Stratum v2 is a next generation bit coin mining protocol designed to enhance   the efficiency,   security,   flexibility,   and decentralization.   SRI is fully open source.   It's community developed and independent of any single entity aiming to be fully compatible   with Stratum V2 specification.   Quote, we are thrilled to announce the launch of SRI   1.0.0.   This marks an important milestone in our mission to decentralize   and enhance Bitcoin mining and stands ready for immediate testing and integration   as announced in a blog post.   Quote,   the release allows miners running s v 1 or s v 2 firmware   to connect to an s v 2 pool directly or through a translation proxy.  

Optionally using a locally hosted job declaration client   and a patched version of a Bitcoin Core node to construct their own block templates,   which are then sent to the job declarator   server run by the SV 2 pool.   It's important to mention that our code refactoring introduced the ability for the node   and JDC,   whatever the hell that is, to be run by an independent third party,   not just by miners.   Oh, job declaration client. The JDC.   Job declaration client.   The newly implemented pool fallback functionality   ensures that if a pool rejects a miner's template,   the miner's job declarator client   automatically switches to an alternative   pool,   then miners can configure several fallback options. And if all listed pools decided to center sensor,   miners will end up solo mining.  

This serves as a powerful incentive for pools to act in the best interest of miners as rejecting templates without a valid reason could lead to significant loss of hash power to competitors.   If all miners   run standardized software,   the entire hashrate of the pool could end up with a competing pool.   Going forward,   we continue to refactor our code to allow for more diverse use cases. Anyone interested in integrating,   s v 2 into the existing pool   or starting a brand new pool, let us know.   So   we've been waiting for this for a long time.   We've been we've been talking about Stratum's   version   2 for a long time. Why?  

Because it allows miners to be able to construct their own templates   as well   as not get censored.   So if they're mining on a pool, stratumv2   allows you to switch pools.   So if you've got a template that other people don't like, you just keep switching pools until that template is accepted,   and it does it. It's all automated. It's on the backside.   Whereas right now,   you don't really have the option to automate the pool switching   in case for whatever reason you get a message from the pool that says we're not gonna accept your template.   Stratum v 2 does it all in the background. So   it's finally live,   and now you get to test it. So it's finally live   and now you get to test it. And if you do, please get back to me via boost or a DM on Nostr and let me know   how it's going. Alright. I'm gonna go over here and look into my zap dot stream.  

And kidwarp   says,   I'm just as confused as you about world coin.   I've run BTC nodes for a decade. I will not run any lightning node software.   Why man? Why?   We could have done this with colored coins,   but that guy built ETH, laugh my ass off. Yes, he did. Colored coins.   You know who else is working on colored coins when Vitalik Buterin was?  

[00:59:53] Unknown:

Kidwarp?   Do you know?  

[00:59:57] Unknown:

I'll give you I'll give you a second. I'll give you a second. Let's see. Is there anything   else in here?   Okay. I'm not seeing anything else in there so we can move on. I'm gonna let see if Kidwarp can answer the question. Who else   was working with Vitalik Buterin   on colored coins   back in the day   before   Vitalik decided   to rug a whole bunch of people   in the future with a $70,000,000   or 70,000,000   Ethereum pre mine and built the Ethereum system. So, you know, just little little trivia there.   Where are we at?   Let's see. I don't want to do that one.   Okay, last up,  

[01:00:41] Unknown:

bitcan.   Yes, bitcan,  

[01:00:45] Unknown:

a   di   y Bitcoin seed storage system.   No bullshit, Bitcoin.   Bitcan provides a durable and cost effective solution for securing your Bitcoin mnemonic seed phrases,   utilizing off the shelf materials such as a beer can   and a screwdriver.   Bitcan creates a resilient alternative   to paper wallets for storing Bitcoin wallet recovery information.   Alright, before I before I, move on into this kidwarp,   Jimmy Song.   Jimmy Song was working on colored coins   as well. He's talked about it a long long time ago.   No, I don't I don't think Roger Ver ever actually worked on anything their kid warp. I think he basically   was just a marketer.  

I don't think he really has any technical,   technical skilling or at least not not in   not as much as you would need to be able to pull something like this. Pull something like working on Bitcoin core or even Ethereum   code,   honestly. But, yeah, Jimmy Song, dude. He was working on it.   Okay.  

[01:01:55] Unknown:

Back to Bitcoin.  

[01:01:57] Unknown:

And I'm gonna this one, I am gonna I'm gonna put up in the, chat for the people to see.   Quote,   designed as an economical substitute for commercially available metal plates,   bit can   enhances the protection of your wallet seed phrase   from common risks, including moisture damage and exposure to heat, but not big fires, so be aware. Moreover,   its discreet design offers additional security by making the storage medium less recognizable   and understandable to those who might come across it, such as   cleaning staff or potential intruders.   If you're looking for highly durable commercially available seed backup toolkits,   check out this list. Alright. So what what the hell is this? Well,   there's a way, in case you don't know,   you can stamp   your seed phrases into metal. There's various ways to do this. I've seen it on washers,   you know, like washers that use with a nut and bolt,   right? You just put in the first four letters of your seed word   and put those, you know, and then you know,   you you literally stamp them with a metal stamp, a big, you know, you hammer a letter into this metal.  

Others are seed plates, which makes it a little bit easier to do and you don't really need like a whole alphabet   and a whole set of numbers to be able to, you know, to do your seed phrases. Because that's that's the way they did. They're just great big metal spikes with like a metal   e on the bottom of it. You put that e on top of a metal plate and you hit it with a mallet and it presses the e into the metal and it's there forever.   If you want something cheaper   than a steel metal plate,   you can use the bit can.   Now, I don't recommend this   over, like, if you have the money to do a regular seed plate   then do the seed plate.  

But   what's interesting here is they have a they've come out with a code.   That's the most important part about this particular thing.   Is that like,   if your one of your seed words is abandoned,   then there's you don't put in anything for that letter. You don't stamp any you don't take your screwdriver and make a notch  

[01:04:23] Unknown:

on the metal can.   But   if your  

[01:04:28] Unknown:

one of your seed words   has it or is the word ability,   then you put a single   notch in like flat   horizontal,   not a vertical notch. So you use a flat blade a screwdriver   or something like that and you put a just a like it's just flat. It's just going side to side from left to right. It's just a flat notch   that symbolizes   the word ability.   If it's able,   you put a vertical   notch into the metal can.   If you put if your word is about,   you put a vertical   slash on the left hand side   and then on the right hand side   on top   of on top of the   of the vertical line, you put a horizontal   line.  

If the word is above,   it's a 45 degree line going   from top to bottom, left to right. So the top from the left side   is where it starts at the top and the slash then starts moving down at a 45 degree angle and then ends. And that symbolizes the word above.   And it goes on and on and on. Absent   like there's like, I don't know, 30 different words for that start with,   ab,   right? For seed words.   This continue this for all of the different seed words. That means that what you're doing is you're imprinting a pattern   into the can.  

And you just you you basically clip the can apart and you spread out the inside of can part. You take the top and the bottom off, and you've got a nice piece of aluminum that's kind of stout. And you knock your notches   they really don't know how to read this unless you actually have   this guide   sitting alongside of it. It's a very interesting,   very   cost effective way to do it, but the problem with aluminum is this   it oxidizes   faster than a lot of other metals,   which means that even if it doesn't get in a big fire which means it'll melt away and your seed phrase will be gone   it will oxidize over time, so just be aware.  

But I bring this to you   to demonstrate   the absolute   rabid nature of Bitcoiners   and their ability to innovate.   This entire space begs for innovation.   Expensive innovation,   moderate cost innovation,   or digging shit out of the trash innovation.   That's gonna do it for the morning roundup.   Alright. Dad says jokes.   My wife told me one day that   she that I needed to invite her out to dinner more often and I replied,   I don't go out with married women.   She says   but I'm your wife   And then I just told her I I make no exceptions   sad but true   Alright, it's Friday   going into the weekend.  

Bitcoin's got pressure on it. That means that we've got pressure on ourselves.   Wouldn't worry too much about it. It   just short term thinking   is the type of thinking that will make you freaked out. Long term thinking   evens out the noise.   One day is a simple data point. A week is 7. A month,   anywhere between, what,   2831.   Alright? You start thinking years down the line all of a sudden those little bumps,   they kinda even out. They they become not so important. But   But if you're just dead set   on looking at the price every day, you're going to be sad   today and most likely on into the weekend. We'll have to see what Monday brings. But if you haven't listened   to my interview with Texas Slim,   It was,   Wednesday's episode.  

Hooked up with with Slim on Wednesday   And we went through the EPA stuff, the Texas fires, his opening of   Rancher storefront there in Canyon, Texas,   and a couple of other things. It's a shorter interview.   I wish that I had had a lot more time with Texas Slim, but I'm kind of limited on what kind of applications   me and him can use because he was coming to me from from the phone.   So I had to use zoom and I'm not gonna pay zoom any money. I'm just I'm just done with that kind of crap So all you get is 40 minutes,   But we tried to it was action packed. It was an action packed episode because we didn't have time to dilly and dally around   and cut up with each other and do all the other stuff. It was basically, let's   let's get to this stuff. And again, if you did not listen to me,   if you did not listen to that episode,   the most important part of that episode is the EPA, the Environmental Protection Agency of the United States,   and them going after ranchers   by using   polluted water   as their infiltration   point   to get to the ranchers.  

What does that mean? It simply means that  

[01:10:02] Unknown:

navigable   waterways,  

[01:10:04] Unknown:

as well as clean water supplies that are above ground and in rivers   are the purview of the federal government of the United States.   In a stroke of brilliance or pure evil, whichever way you wanna go,   the United States government has seemingly   hit a cheat code   and is now   looks to me like what they're going to do is use this as a way to shut ranching operations down, especially the smaller ones because they cannot   come up with the kind of money   to take the United States government's Environmental Protection Agency to court.   The big guys will survive.  

The small guys are the ones I'm worried about. How's it a cheat code?   Because every square inch of the United States, in fact, any continent on earth, if it's dry land,   at one point or another,   water will fall on it whether in the form of snow,   ice, or liquid.   Whether that liquid   state starts falling down, you know, down the incline of all land at one point or another has an incline or it soaks into the ground, it goes in the groundwater and then that goes into rivers,   or it melts as snow melt or ice melt,   same thing. As long as it goes, it's gonna go somewhere and it's going to meet up with other water coming from other directions and it's going to form a rivulet. And that's going to form a stream and that's going to form a river and then it's going to end up in a navigable waterway or it's going to be designated as a clean water supply   and that comes under the purview of the federal government. So if they find fecal coliform   on my land,   and they will if I have cows on my land,   and   I cannot and I like if they find   some amount of colony forming units of fecal coliform, the bacteria that causes people to get very very violently ill,   and I don't meet their threshold,   and they can set their threshold at anything that they want, I have to shut my operation down. That's the way this is looking.  

You need to go listen to the Texas slim interview so that you understand where we're at. It's getting worse. Global food supply shifting,   Texas had devastating fires. The EPA is on the warpath.   You got the EU that's like telling telling people over there that they can't, you know, do anything over $3,000   and or €3,000.   The and and they can't do any transaction whatsoever over €10,000   by themselves. They gotta have some like a intermediary do it. They can't they can't zap   a single satoshi because any amount of in a hosted wallet,   of of Bitcoin is has not been allowed in the EU as per this last bullshit that I came down, that I read to you at the first of the show. It's all going south.  

Yeah. Ethereum's little canary is gone.   Dapps get the Ethereum foundation is getting weird.   Everything's getting weird. And I seem to for some reason or another, my gut feeling is   that the simulation   is coming apart at the seams.   Keep that in mind. Have a good weekend. I will see you on the other side.   This has been Bitcoin and and I'm your host, David Bennett. I hope you enjoyed today's episode and hope to see you again real soon.   Have a great day.