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Join me today for Episode 870 of Bitcoin And . . . Topics for today: - Trump on Corn - ETN's a Financial Weapon? - Silver Falls to the King - Porta Hardware Wallet - Wu Wu! A 4nm Mining Chip #Bitcoin #BitcoinAnd Circle P: MAPLE SYRUP!: npub: npub172mu27r5yny0nnmvgjqwhx055dmsesrrx7j0p5d3pxagfx6xgxfsv75p3q nostr handle: @beisnerds Twitter: @beisnerds Product: Maple Syrup and Soaps Articles: https://www.coindesk.com/business/2024/03/11/donald-trump-sounds-more-constructive-on-bitcoin/ https://cointelegraph.com/news/london-stock-exchange-bitcoin-ethereum-etn https://decrypt.co/221151/microstrategy-205000-bitcoin-treasury https://www.coindesk.com/markets/2024/03/11/bitcoins-market-cap-jumps-to-14t-surpassing-silver/ - 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/220918/coinbase-backed-85-million-crypto-super-pac-senate https://www.nobsbitcoin.com/bitdeer-4nm-bitcoin-mining-chip-seal0/ https://www.nobsbitcoin.com/portal-by-twentytwo-devices/ 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 two systems overlap.   While species from either system can be found at the edge, it is important to note there are species in the overlap that exist in neither system, and that is what I seek to uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems.   It is 9:31   AM Pacific   Daylight Time. That's yes. We we did it. We we did it again here in the United States and other countries around the world.  

We decided   that it's still   an absolutely   excellent idea.   Beyond all other ideas,   it's that it's a good idea   to not once, but twice a year   change the time   by a full hour   so that, you know,   we can I   I don't know why we're doing this anymore?   I I'm not even certain why it occurred in the first place. All I know is that daylight savings time and changing back again   is physiologically   bad for you. It's not good.   It confuses people. It actually spikes heart attacks every single time that it's done.   I don't get it. I think it's foolish. I think we're playing with fire. And   the entire time change thing   needs to end. In fact, I'm wondering if it's not applicable at this point   to just for just Bitcoiners themselves just say we're done.  

And we pick a time and that's the time that like we literally we pick a time and say this is now the time whether it pick daylight standard   or daylight saving or whatever it is and we all agree   and we say this is now the Bitcoin time,   aside from the block time, but this is the Bitcoin time of day, right? This is the Bitcoin time of day. And then when the time changes and you show up an hour late for work, you just look at your boss and say, I'm sorry. I don't put up with bullshit.   I just don't put up with bullshit and I don't have to put up with bullshit. Why? Because I have some Bitcoin.   We're at an all time high again. An all time high again. Another   all time high, ladies and gentlemen. Looks like, I don't know, 72,500   something like that.  

It's insane.   It's Monday.   It's the start of a new week.   Let's get into it with the circle p.   Dive into the wildly pure, outrageously   rich flavors of nature.   With our funky artisanal handmade maple syrup whipped up from the grooviest of maple trees, each bottle pops   with a sweet vibe of tradition and top notch quality.   Pancakes,   waffles,   or that secret recipe begging for a twist of sweet funkiness?   Well, we've got you covered. Jazz it up. Jazz up your eats. Jazz everything up with a splash of our amber magic. Hit us now. Hit us up.   Just give us a call.  

Throw me a note   and groove to the best of true craftsmanship.   Taste the difference?   Ladies and gentlemen, taste the fun.   That'd   be maple trade. That's maple trade, aka   beisnards@beisners.   Yeah. There's no website. You're gonna have to get a hold of this guy through a direct message either on Twitter   or on Noster because it's at b   e I s   n e r d s on both the dead bird site and the future of communications,   which is Noster.   He makes maple syrup. He makes them by hand, his own trees. He taps them by hand.   He lugs the sap over to a boiler. He boils it down with hardwood. That's right. He lights up an actual   God   on his fire underneath this thing and boils it outside   in the pleasure   of the early early   early spring.  

And he boils it down and puts it into bottles and he'll sell it to you. And if you tell him   if you tell Maple Trade, AKA Bisonerds,   that you heard it here on the Circle P from the Bitcoin and podcast, He will cut me in on some of those sweet,   sweet   profits.   Psyduck, just saw you join the livestream. How you doing there, brother? You can get a quart for $27.   You can get 3 for $68.   You can get half a gallon for $45   or 2 half gallons,   also known as a full gallon, for $80. You can get 4 pints   for $50. Again, hit up at b e I s n e r d s over on Twitter.   Well, or dead birdsite. And   the new site,   the new   stuff, the new funkiness,   the new coms,   the new everything   because it stitches   all   of our worlds together. That would be noster   at b e I s n e r d s. Make sure that you tell them you heard it here   on   the circle p. Now   Donald Trump has entered the fray   again.  

This time, he's got a slightly different message when it comes to Bitcoin. Let's find out more from CoinDesk. Oliver Knight is writing it.   Former United States president Donald Trump   has continued to come around on Bitcoin,   calling   it an additional form of currency in a CNBC   appearance. Quote,   there has been   a lot of use of that, you know, that Bitcoin, and I'm not sure that I would want to take it away at this point.   Like you could,   little orange man.   The comments represent a stark change in stance from his 2021   stance when Trump labeled Bitcoin as a scam   that threatened the United States dollar as the world reserve currency.  

Trump's comments this morning follow remarks he made last month   when he said bitcoin had, quote, taken on a life of its own and that it will probably need some regulation.   To be sure,   the GOP standard bearer for the 2024 presidential election is a long way   from becoming a Bitcoin maxi or showing anything other than a passing interest in the cryptocurrency,   quote, I want one currency.   I want the dollar.   I don't want people leaving the dollar.   Good God. Please don't love the dollar.   He continued before moving on talking about the great interest shown in some of his NFT offerings. Quote,   people were going crazy for these things, these   NFTs.  

And so many of these were bought with this new cryptocurrency.   And I couldn't believe the amount,   he said.   Trump added that he would not allow countries to go off of the dollar because when the United States loses that standard, it will be like losing a revolutionary   war.   But we have a lot of Bitcoin at the US Marshals office. You should just say that take the win and wear the crown, go home brother. Trump has regularly been posting screenshots of his bullish odds on Poly Market, a crypto based shitcoin prediction market.   So here we go. Yay. Oh, thank you last ask for the 2,100   satoshis. That's a lot of money nowadays.  

And sidetuck21,   also a lot of money nowadays.   What do you guys think about   not Trump in general, because I know most for whatever reason most people hate Trump. I honestly don't understand why everybody's pissed off at him.   I don't like him simply because I never kinda have liked him. You know, but I mean that I I was watching this guy when Oprah Winfrey   kept bringing   him up in the eighties when she was just getting her show, the Oprah Winfrey Show off of the ground, because guess what? She hasn't always been around.   She regularly had Donald Trump on her show.  

Regularly.   She regularly had Donald Trump on his on her show. She loved Donald Trump. Of course, then again, at the time, Donald Trump was a staunch Democrat. He was a staunch New York Democrat.   Now she hates him. Of course, because if you like Donald Trump, you're a pariah. Right?   But all that aside,   what does anybody think about Donald Trump now starting to say   not   terribly   not hold on for a sec.   The USDA has just issued a warning over lack of snowfall in Washington state.   We're all gonna die from climate change.   What so   is he   is he doing what I think that the man is doing? Where he's just   he's just singing the praises while it's popular so that he can get the vote? See, that's what I think.  

I don't think he gives a shit one way or another. But I'll tell you one thing,   this entire quip   about him saying that he doesn't let's see, where was it that he said this?   He said that he would not allow   countries,   plural, like more than 1 country,   to go off of the dollar.   I I'm sorry, but I I don't think you really have to say   in any country outside of the United States, at least   not legally. Now, of course, you can send the USS Ronald Reagan over there to wipe the floor with their ass if they, you know,   do something that you don't like, which is what we normally do. But when you tell other countries what they can and cannot do   and you're not even president yet,   you know, you had the election hasn't even been held yet. I I just think that the the amount of hubris that this man shows   is one of the reasons why I actually don't like the guy.  

But he's I mean,   it doesn't really matter though, because I I don't like any of these people. And neither should you because you shouldn't trust these guys. They're too old.   And hell, I'm old, and even I'm looking at these guys so saying, you're too old. You don't have a a hope in hell of understanding the new world.   You can't see it. And even if you did, you wouldn't really understand it. All they really see are ghosts in the machine,   and they're scared of them.   So where's another ghost in the machine popping up?   London?  

Yep. London.   The London Stock Exchange is going to accept Bitcoin   and shitcoin number 1   exchange traded   notes.   Notes like notes on muster, except a little different. We'll get into it. Cointelegraph,   Ezra Raguera writing, this London Stock Exchange   has announced   that it will start accepting applications for bitcoin and shitcoin number 1 crypto exchange traded notes in the Q2   of 2024.   On March 11th,   the exchange confirmed that it would accept applications following the guidelines   specified in its crypto ETN admission   fact sheet. Oh, it's a fact sheet. However,   the exchange did not provide the exact date that it will start accepting applications in the fact sheet.  

The exchange said that crypto ETNs   should be physically backed   and non leveraged. Oh, that should be interesting.   They should have a market price or value measure of the underlying asset that is publicly available   and must be backed by Bitcoin or shitcoin number 1.   The exchange also highlighted   that the underlying crypto asset should be wholly or principally held in a cold wallet or something similar. In addition, the asset should be held by a custodian subject to anti money laundering laws in the United Kingdom, the European Union,   Switzerland,   or the United States.  

The Exchange defines   ETNs,   otherwise known as exchange traded notes, as   quote, debt securities   which provide exposure   to an underlying asset,   Crypto ETNs allow investors to trade securities that track the performance of crypto assets during the exchange's trading hours.   An ETN is widely considered a soft alternative to exchange traded funds.   Unlike the ETFs,   an e t n is a debt instrument backed by its issuers   rather than a pool of assets.   ETFs often focused on esoteric debt strategies that do not easily fit into funds.   Meanwhile,   the UK's Financial Conduct Authority also announced that it would not object   to request from recognized investment exchanges   or   RIEs to exchange to create a market segment for crypto backed d tns. According to the FCA,   exchanges can offer the products to professional   markets. You can just read that as gatekeeping because they don't like you. They only want their buddies to be rich. We'll come back to it. The financial watchdog   also urged exchanges to ensure sufficient controls are in place to protect   investors adequately.  

The FCA also said that crypto backed ETNs must meet requirements such as ongoing disclosures and prospectuses,   which are part of the UK listing regime. While exchanges   can offer ETNs to institutions, the FCA said that they are unsuitable   for retail investors   for retail investors because of their risks.   Gatekeeping.   Gatekeeping.   They're unsuitable for you because you're a stupid pleb. And there's no possible way that you living over there in the UK would have any amount of education that would be required for you to understand how to, oh, I don't know, get up out of a chair and walk out of a fucking door.   Because you're too stupid.  

You're too you retail sons of bitches   are just the lowliest,   crappiest,   saw digging   bastards ever.   I mean,   it's just so sad when I read this kind of stuff.   The regulator said that selling crypto backed DTNs to retail consumers will remain banned because you suck. Quote, the FCA continues to remind plebs   that crypto assets are high risk and largely unregulated.   Those who invest should be prepared to lose all of their money, the regulator wrote.   It's just an advertisement for getting their friends rich, but it's also an advertisement for something else. Let me see if I can pick back up the thought that I just had.   Alright. Hold on.  

Debt instruments backed by issuers rather than a pool of assets. Oh, yes, I know. Okay, so here's the sentence.   Unlike the ETFs,   an exchange traded note is a debt instrument backed by its issuers   rather than a pool of assets   ETFs often focus on the esoteric debt strategies that do not easily fit into funds   I had a thought when I was reading that and here's the thought   I think Bitcoin is going to unmask   instruments,   financial   instruments   that were designed   to destroy   an asset.   Let me say that again. I think Bitcoin's existence, especially now that we're seeing it kinda run up a little bit. Right?   I think what we're gonna see is   since it's a brand new asset class that nobody has seen in   more than a couple of fistfuls of decades,   that when we hear shit like, oh, well, they're not gonna give you a spot ETF. No. They're gonna give you an exchange traded note, and it's gonna be it's gonna be a debt backed instrument   by the issuers   and not really centered on a pool of the actual asset that underlies the thing that they're writing the note for. That tells me that that's not an investment vehicle. It is a vehicle of potential destruction   that they've probably used to suppress or completely crush the ability for plebs like you and me   to have anything at all. Because   the serfdom   out there,   the the people that service the fiefdom,   the people that dig around in the sod like that scene in Monty Python and the Holy Grail where he's like, I'm being repressed. Help me. Help me. You see him repressing me.  

See, that's where they want us.   I think when people say stuff I think what we're gonna see is we're going to start really realizing   what actual investment vehicles look like   and what the instruments   of total   financial weaponized   destruction   to make sure that only certain people make money.   We're going to see what those actually look like. We're going to figure out the actual names. And then we're gonna be able to go back into history   and find out every single time   that predator   parasitic   class   has destroyed the ability   for any normal person   to be actually happy.  

Not because they're rich, but because they're not worried about dying all the time. They're not worrying about their children crying all the time. They're not worried about themselves crying all the time. That they can walk out of their door and be happy to be fucking alive.   That they can look at the sun   and bathe in it and say, this is good. The universe has provided a good.   God is good. Whatever it is that you think has created this existence that we walk around in,   that we can have the ability to be happy walking around in.   Whatever makes you comfortable,   I think what we're going to see is the instrumentation   that has been used for 100 of years   to make sure that you and me have never been able to experience true, honest to God, walking around   this existence   in a smile.  

And I think an ETN is exactly   one of those instrumentations.   I don't think it's designed to build wealth for anybody   other than a certain class of people that seek   to build wealth off of destroying another class of people. I think it is a weapon against Bitcoin. I don't think it's good.   I'm just saying,   just don't get me wrong.   Don't let me get out of this without telling you the God's honest truth of what I feel because when people say, oh, tell us how you really feel. When somebody says that to me, I take it as a fucking insult. Why wouldn't I tell you how I really feel?   Under what existence   would you have me live that I do not tell you how I actually   really feel?  

When people use that shit as an insult, it is one of the most annoying,   most telling   things that I've ever heard in my entire life.   Why wouldn't you want me to tell you how I feel?   Are you playing with Barbie dolls and you just want to hear what's in your own head   paired it out by something else that's made of plastic.   MicroStrategy   is not gonna have any of it.   No. No, sir. Michael Saylor said no.   Because they have   205,000   in bitcoin.   Not dollars, they have 205,000   Bitcoin.   Bitcoin. MicroStrategy's   205   1,000 Bitcoin Treasury is bigger than all of the other BTC treasuries combined, decrypts   Stacey Elliott   with its latest purchase, which apparently went down sometime, I don't know, Friday. I'm not sure. I wish somebody would actually say exactly what time this shit was bought. But with its latest purchase of 12,000   Bitcoin, MicroStrategy   has now amassed a 205,000   BTC Treasury.  

The software company's treasury is now worth approximately   $14,700,000,000   at the current Bitcoin price.   The list of companies with publicly disclosed Bitcoin treasuries have been growing.   But it's hard to overstate just how dominant MicroStrategy has been in the realm of corporate Bitcoin stashes.   Its 205,000   BTC stockpile   is more than it's currently held by all other   44 companies tracked   on the Bitcoin Treasury's website, which you can get to at bitcointreasuries.net.   That's bitcointreasuries.net.   Keep in mind, that list includes every publicly traded Bitcoin miner like Marathon Digital, HUD 8, and Riot Platforms. It also includes electric vehicle manufacturer, Tesla,   crypto exchange, Coinbase, and payments firm, Block Incorporated, which is helmed by Bitcoiner Jack Dorsey,   quote, we're buying it to hold it for a 100 years.  

That's 66,000   to a   $16,000 crash that shook out the tourists,   MicroStrategy   founder and chairman, Michael Saylor, said during a CNBC interview on Monday morning, quote, that shook out the non believers. When it was 16 ks,   we were all ready to ride it to 0.   And that's what you'll find with the Bitcoin maximalists, end quote.   MicroStrategy now has more Bitcoin than BlackRock's iShares Bitcoin Trust currently holding, or currently holds to back shares of its ETF. But MicroStrategy   would have to keep buying Bitcoin at a blistering pace to hold on to that honorific.   The company announced last week it was looking to raise $600,000,000   to buy even more Bitcoin.  

But the offering went even better than the company anticipated, which is normal. That's completely normal. It's happened every single time he's done it. MicroStrategy,   which trades under the micro MSTR   ticker on the Nasdaq said in its Monday SEC filing that there was so much demand for the offering   that it upsized to a total of $800,000,000   Ladies and gentlemen, boys and girls, that's $800,000,000   I told you on it was either Thursday or last Friday   that he started at 6,   and he had to raise it to 700,000,000,   and he ended up having to raise it another 100,000,000.  

So he went from $600,000,000   offering to an $800,000,000   offering and it all got bought.   MSTR shareholders   seem to like the news.   At the time of writing, the stock the stock is trading   for   $154.42   a share,   up from 6% from its previous close on Friday afternoon   and a 110%   higher   than it was this time   last month.   MicroStrategy   share price has no doubt been helped helped along by the recent Bitcoin price rallies. Just this morning, Bitcoin soared past 71,000   and then 72,000   a few hours later, Making it nearly impossible   to decisively   make a call on BTC's new all time high price.  

So MicroStrategy   making everybody look bad. Now when it when it says that he's gonna have to continue buying Bitcoin at a blistering pace,   to be able to keep the honorific of having the most Bitcoin in a single treasury,   it that's not gonna last.   There's only I truly believe that there is only so much that Michael Saylor is going to be able to actually do   up against something like BlackRock.   I mean,   MicroStrategy   would actually have to convert   and   and don't put it past him.   He's making   MicroStrategy is making more money   on this Bitcoin strategy than they probably ever made   collectively on selling software over the last couple of decades.  

I don't know if that's actually true, but it, you know, it's probably not terribly wrong if it is   wrong.   What would happen if   MicroStrategy converted   into an exchange traded fund? He could.   He could. He could do it.   There's no reason not to, but it would decouple.   It would most likely decouple the Bitcoin from the share price and the share price would fall back down on its ass. So I kind of think that that might be   what's keeping him from not doing it. And there's no reason that he has to unless for whatever reason he just wants to be competitive and have the honorific continuously   have of having the most Bitcoin in the treasure.  

I honestly don't think it's worth it.   I've just let BlackRock take the reins and say, fuck it, man. He's got enough. Well, we're gonna have to see what my, Michael,   Sailor does in the coming months and next couple of years. But first of all,   we've got silver   falling,   falling on its knees to the king.   Bitcoin's market cap has jumped   to $1,400,000,000,000   and has now officially surpassed   silver's complete market cap. CoinDesk,   Leelalizama.   Bitcoin continues to rise in the ranks of top assets   by market cap pushing past silver   to become the world's   8th 8th   8th that's 1, 2, 3, 4, 5, 6, 7, 8th most valuable property with a 4% advance   to an all time high pass to 72,000   in the morning hours of US trading, Bitcoin's valuation shot to $1,420,000,000,000   above that of silver   holding at $1,387,000,000,000,000   according to companies market cap.  

Earlier   in this historic bull run, Bitcoin pushed ahead of the market cap of Meta, formerly known as Facebook, which now stands at a mere measly   swamp   sucking   $1,200,000,000,000   Next up in Bitcoin's side is the globe's   7th most valuable asset, Google.   Or, well, Alphabet, whose current valuation is just shy of 1.7   $1,000,000,000,000,000. And some Bitcoin bulls have their sights set on the world's most valuable property of all, gold,   and it's   $14,700,000,000,000   market cap. And to get there,   Bitcoin would have to rise more than tenfold   or well past   $720,000   per Bitcoin quote.  

The robust price action continues to be fueled   by the positive momentum of   BTC spot ETF, said Matteo Greco, research analyst at Faniqa,   I guess is how you pronounce it, capital, in a morning note.   To that point,   the London Stock Exchange Monday decided to accept applications for Bitcoin and shitcoin number 1 exchange traded notes. And you already know what I think about all   that bullshit. So let's not   let's not belabor the point. In fact, let's run the numbers.   CNBC   Futures and Commodities.   Hold on. Let me make sure I got my shit recording. Yep. I do. Alright. There we go. Futures commodities from CNBC.   Oil   is actually up today for some reason or another. 0.19 percent to $78.16   a barrel. Brent, North Sea, likewise, up 0.4 percent to 8242.  

Natural gas, however, is down 2 and a quarter to $1.76,   per 1,000 cubic feet. And gasoline is up almost 2 full points to $2.57.   And if you did not understand what goes on as we go into spring   and then we get into summer,   it doesn't matter how much oil costs. It doesn't how much it doesn't matter how much oil is being pumped out of the ground.   It has and there's absolutely no rhyme and reason to it because you're going to see higher gas prices. Why? Because that's when people start driving.   They want to get out of their house.   So   all of a sudden   magically   as if by fairy godmothers   throwing around a whole bunch of fucking glitter.  

Every price at the pump increases even though oil didn't do dick.   So just be prepared for it. Okay? All of your shiny metal rocks are doing well except for gold,   which is still in the green, but it's only upscant, 0.0 5%.   However, it still has a price tag of $2,186.90   per ounce, which isn't, I think, an all time high again.   Silver is up a half a point, still not catching Bitcoin.   Platinum is up 2.85%.   Copper is up 0.87   percent. Palladium is up 1.5.   Agricultural futures are mostly in the green. Biggest winner today is chocolate.   Wow! 5.6 percent of the upside,   followed by sugars 3.92   percent of the upside and the biggest loser today   is gonna be soybeans,   0.38   percent of the downside. Live cattle, down   negligible.  

Lean hogs are down 0.1 or no. Up. Up. Lean hogs are up 0.12%.   Feeder cattle, however, are down 0.41%.   Legacy markets,   looks like people are waiting on something. Dow is down 0.05%,   S and P is down 0.2.   NASDAQ is down a 3rd and the S and P mini is down almost   a half a point   at this time.   Bonds, what are bond yields doing? Oh, well, most of them are have are yielding higher. Yay, I guess. No.   It's toxic waste.   For any of you that think that   Treasury bonds are   risk free assets   that has not been true for 3 years minimum minimum minimum minimum.   It's toxic debt   and you don't want to have anything to do with this shit.  

Sure, if you believe me and you get rid of all your bonds, I'm sure that you'll miss out on a $100 in profits, and you'll get all pissed off and tell me to go suck swamp water. I don't really care. I'm gonna be holding on to Bitcoin, which is the   only only only asset that I can see that is not actually   toxic at this time. In either event, let's move on to Clark Moody's dashboard where we are looking at a $72,450   price,   $1,420,000,000,000   of market cap,   19,651,299   and a quarter BTC are in circulation at this   time. Hash rates over the last   2,016   blocks coming in at an average of 594.6xahashes   per second.  

The average fees per block are standing at 0.39   BTC.   The halving has been pushed up to April 18th   so far,   2024. And the block space percentage for taking out the trash, which are ordinals and inscriptions,   still at 2.5   percent.   MIMPUs.   What what are they doing? I don't know. Let's find out. 194 blocks   carrying   130,000   unconfirmed transactions waiting to clear at high priority rates of 24 satoshis per vbyte.   Low priority is 24 satoshis per vbyte.   And anything under 5 is gonna get you kicked out of mempools from around the world.   Mining, what's going on?  

Flash   holy shit. Flashing   698.3   exahashes per second. Holy   smokes.   So take the difference. We'll say,   I don't know, 650   exahashes per second. Okay. So   from JPM cries harder, episode   869   of Bitcoin and Bys nerds.   That's at b e I s n e r d s with 15,000   satoshis.   What was that for?   Well, he comes back and replies to his own thing and he says, another set of orders   out on the circle p.   So   I'm telling you, man, if you tell him, if you wanna support the show, then support the vendors that are on the show in the circle p, like Beisnerds and Maple Trade. If you want some really good maple maple syrup that's handmade   and some of his sister Sarah's soaps, he's selling those too. You can get some good   animal fat based soap from his sister Sarah.  

Telling you, man, you're gonna support the show if you do it.   Letter 6173   with 10,001   sats. Whoop dee doo. Thank you, brother. Jamie and JPM are notorious for manipulating gold markets. His butthurt tears   stream from the draining liquidity in gold and derivatives markets.   The golden goose is dead, and we are watching the man publicly grieve over future bonuses.   Bisonerds with another 8,250   sat. Holy shit says more circle p.   There is a soap order in this one.   If you want to see what my sister has to offer, visit Sarah's   Soaps   Square   site. And then contact   Bysnerds on Nostr to pay in Bitcoin,   also a few percentage   points lower cost.  

Also, some goes to the circle p if you mentioned this podcast   or none you. That would be me, none you business over there on,   well,   on dead bird app, as well as the only real app that actually makes sense. But the only real protocol that makes sense anymore right now is is noster, and that's probably going to last for quite a while.   Madnz.   Is that mad New Zealand?   M a d d n z? Let me know if that n z stands for New Zealand.   And I will welcome my friend, the Kiwi   and his 420   sats. Good morning. Yeah. Well, good morning to you, brother.   Joey Delonge,   by the way, that was over on zap.stream,   which is Nostra based.  

Joey Delonge with   3333.   Satoshi says bitcoin. Rocks address data always deleted   on a regular basis. Nothing is saved. Joey, thank you for letting us know that when anybody orders   stickers   from bitcoin.rocks,   that's bitcoin.rocks,   they give you free stickers. When they when you give them your home address,   they're going to delete   that information   as soon as humanly possible. Wartime with 3333   gives me the fire emoji. Dubrovko with 1640 says, alright.   I found a use case for ordinals. Oh, shit. And he gives me hold on.   Let's see if I can get this up real quick. Let's see what he says.  

Let's see let's see   if he surprises us. Let's see what what's what's going on here.   He's giving me a dead bird a dead bird,   URL.   Beat the screenshot.   I'm getting this framed from James Ripian.   And it says $69,420.   69,420   dot 69.   What a price.   But   but but but it would have been better had it been   6942096.   You know what? Screw it. I'm gonna take it. Alright.   There's that. There's that. Okay. Thank you, brother. Jen and Indy with a1000. Thank you. No thank you. Axelroba   451 says, I use Evernote.   I have I now have Obsidian 2, but have not invested the time   to use it. Do you think I can migrate some of my Evernotes   to Obsidian?  

I don't know.   I don't know. Here's like Axelrod, if you're listening to me, do this.   Go to your favorite,   search engine   and type in Evernote   to Obsidian.   I guarantee you,   somebody has an answer for you.   Somebody somewhere   has already figured it out. It may be as easy   as getting a plug in because   it's a plug in that allows me to grab all of my Kindle notes   and take them and put them into Obsidian format.   But I would imagine that the answer to your question is yes.   I just don't know exactly how. But again, Google   Evernote   to obsidian.  

2 o, the word. Go to.   I need to take this   and go to that, Right? So try that. Let me know if it works. Pies with 420,   lfg. Thank you, sir. No. Thank you. Uncle Swim, 420. Thank you, sir. No. Thank you. Big gust 200. Boost.   God's death, 137.   Much better dad jokes, by the way. Daughters love them. God's death with 137.   Thank you, sir. No. Thank you. And last up,   madandybtc   with a 100 says, thank you good sir, but I still think you don't quite understand UTXOs. Well, that's not entirely impossible. They're not something you can just run out of.   You can create them at any point by sending yourself Bitcoin and you can combine them into 1 in the same way. The only real reason to combine them is to cut down on future fees. Yes, that is possible. And I understand everything that you just said.  

And I'm not saying that we'll run out of UTXO's.   That's not what we're saying. What we're saying is that   there cannot   be 8,000,000,000   UTXO's   being   actively   run around,   exchanged,   consolidated,   ripped apart,   all at the same time on the on the Bitcoin network. We're talking about a hyper Bitcoinization   scenario   where the majority   of money passing hands is passed in the form   of a main chain transaction.   Nobody there's no way.   The the chain does not have that much bandwidth.   I mean, it just it's just not going to work.   That's what we're saying,   but I do you are correct.  

However, that's not what I'm saying. So anyway,   that's that's all I got to say about that. Let's,   oh shit. Gonna do for the weather report.   Welcome to part 2   of the news   that you can use.   Alright, let's get off of here and get into this one.   Coinbase backed $85,000,000   crypto super pack sets its sight on Senate races.   But first,   a thank you to   madnzzzzappedme420   sats   and orange mart   with 2,100   sats over on zap.stream   says survive and thrive with Bitcoin   at the orangem.art   otherwise known as orangemart.   Orangem.art.   Alright.  

Sander Lutz is doing this one from decrypt.   After spending over $10,000,000   in a successful effort   to defeat a Democratic United States senate   candidate in California earlier this week.   A cash rich super PAC funded by the crypto   establishment is setting its site on a handful of other key senate races that could determine   the balance of power in Congress.   The PAC or political action committee or whatever they're called, this one is called Fair Shake,   and it will focus its efforts this election cycle on 4 United States senate races   in Ohio,   Montana,   Maryland,   and Michigan,   apparently,   according to Fair Shake spokesperson Josh Vlasto   confirming would decrypt. Fair Shake, which has raised over $85,000,000,   holy crap, to date, principally from major crypto players Coinbase,   Ripple, and Andreessen Horowitz.  

Oh my god.   Horowitz. Sorry. Andreessen Horowitz, Ripple,   And hold on. Make sure I'm not dying here.   Alright.   Yeah. These are the 3 names you don't wanna hear. This is not a good pack.   They're gonna make you think it is, but this is not a good group of people. Coinbase, Ripple and Andreessen Horowitz,   Some of the ugliest,   nastiest,   douchebaggery   people   in the Bitcoin space.   Thank God, Ripple's not even in the Bitcoin space. But dude, this is this is we don't want these people. However,   the enemy of my enemy is my friend. Let's see who our enemies are here. Fair shake, which has raised over 85,000,000   from these idiot 3 idiots will spend at spend this money on ads in Ohio and Montana, United States   senate general elections and in the Maryland and Michigan US senate   democratic primaries.  

Ohio and Montana are both home to vulnerable Democratic senators up for reelection   in states carried by Donald Trump in 2020.   And both senators have previously made comments critical of crypto.   Ohio senator Sherrod Brett who the hell is this?   Oh Man created a clip brother   orange mark created a clip inside of zap. Stream nice, dude   Anyway, let's get back to it. I I got I see something shiny and I get I get all out of whack. Crucially, however, Fair Shake has not announced that it will be supporting campaigns against these two senators,   which would be Montana's John,   senator Jon Tester.  

And anybody else?   Oh, sure. Sherrod Brown. Yeah. Yeah. Yeah.   Instead, the pack has merely said that it will have a presence one way or another in their general election races implying that Brown or Tester could still theoretically win   the PAC support if they change tack quick enough   to sufficiently   pro crypto positions. Holding a gun to their head.   Fish Fair Shake did not say by what date that it will decide which candidate to support in the in the Ohio and Montana races,   only that the organization is viewing the elections   holistically.  

Holistically.   Quote,   among other considerations, we will evaluate a candidate's leadership on issues   important   to the crypto and blockchain communities.   The viability of a candidate,   the importance of the election,   and our ability to impact the race, Blasto said in a statement shared with Decrypt.   In Michigan,   fair shake will wade into August   Democratic senator primary,   where Congresswoman   Eliza Slotkin is leading the race.   Slotkin, who has said little publicly about crypto except that politicians   must disclose their own crypto trades, is facing off against multiple Democratic competitors,   including the actor Hill Harper, who previously launched an app designed to encourage people of color to get involved with crypto.  

In Maryland's May Democratic senate primary,   David Trone, co founder of alcohol retail giant, Total Wine,   will face off against Angela Ashbrooks, a local politician.   Neither candidate mentions crypto on their campaign website   or appears to have made public statements on the subject in the past.   Fair shake has also not yet announced which candidate it will back in Michigan or Maryland,   only that it will participate in those primaries.   With Democrats currently holding onto a razor thin 5149   majority in the senate,   any shakeups in those four races could easily tip the balance of power in Washington DC.  

Flushed with crypto industry cash,   Fair Shake's leadership appears confident   that it can ensure   that whoever wins come November, those politicians will advocate for the creation   and adoption of long elusive crypto industry regulations. They want more than that and we'll get to it. Quote,   we'll have the resources to affect ratios in the makeup of institutions   at every level, Fair Shakes Flasto said, and   we'll leverage those assets strategically   to maximize their impact in order to build a sustainable   bipartisan   crypto and blockchain   coalition.  

Lying sack of shit. I'll get to it here in a second. Okay. So that's the end of the article.   These people, Fair Shake, is not your friend.   Not because of what they're   doing, but because of   who they represent.   Coinbase,   Ripple Labs   and Andreessen Horowitz   don't care about Bitcoin.   They only care about their own wealth and they will   they will plow   their shit coins   into the head   of any   retail   Goomba   they see fit, if that Goomba will open up their wallet and give them the money. That's all they care about, ladies and gentlemen. That's all they care about.   They will wreck anybody in their path. And these these   these senators   that they think that they're gonna get into office, and if they do, they're I mean, it's possible. It's not outside the room possibility that they could they could shake up all   4 of those elections.  

They don't want that senator talking about Bitcoin.   They want them talking about Ripple.   Andreessen Horowitz and Coinbase, they want them talking about NFTs.   They don't care about Bitcoin. So don't think for a second that fair shake   is anywhere close to a fair shake.   They're all liars. They're all scum.   They're all insiders.   They're no   different   than the entire field of bullshit that we've been trying to fight against   for years.   Bitdeer   bitdeer,   bitdeer.   It's a doe. It's a deer. It's female deer. Bitdeer announced   a new 4 nanometer   Bitcoin mining chip called seal01.  

This is from   nobsbitcoin.com.   BitDeer Technologies   Group announced   the successful testing   of its first bitcoin mining chip,   the seal01,   and is designed   for integration into BitDeer's new seal miner A1   minuteing machines.   Quote,   the seal01   chip   is created using an advanced   4 nanometer   process technology   in partnership with a world leading   semiconductor   foundry.   Initial tests holy shit   indicate an exceptional   power efficiency   of 18.1   joules per terahash, the company said in a press release. Y'all, that's good. If you don't understand the number, just   just take it take my word for it.  

That's a good number. That's an impressive number, in fact. Quote,   with the successful testing of our new mining chip,   I am very excited to formally announce the introduction of both the seal o one chip   and the seal miner a one as core to our new mining machine business.   These products showcase our technology   excellence   and positions us well for the future, said Xi Han Wu, founder, chairman   and chief executive officer of Bit Dear. Why am I laughing? Because of Xi Han Wu.   I I   was not I did not know that he was behind Bit Deere.   Who's Jian Wu? Man, that is a long story guys. If you don't know who Jian Wu is by now,   wow.  

He used to be   he used to be a king   in in the Bitcoin space and if he hadn't   have got   ahead of himself   if he had gotten out of his own way,   he'd be one of the richest men on the planet.   But he decided   to go all in   or well close enough to all in   on   What was it? Oh, b cash.   Otherwise known as Bitcoin cash.   Him and Roger Ver were, I don't know if they still are, but they were pretty good friends.   And Xi Han Wu got his ass talked into putting a whole bunch of money into Bitcoin Cash, which was a fork of the original Bitcoin.   Because Roger Ver was so   mad that nobody would listen to him about how we need the bigger blocks that he decided to fork Bitcoin,   which caused an airdrop   if you had if you had owned a Bitcoin address but be right before that that,   that fork, then you got however many Bitcoin you had on the actual Bitcoin chain, you got in this airdrop bullshit.  

And then after that,   that got forked into bitcoin satoshi vision   because   Craig Wright decided to stab Roger Ver in the back and he hooked up with Calvin Air and then they started Bitcoin Satoshi Vision and we all know where that's going at this point.   But Xi Han Wu,   all he had to do   was stay humble   and stack miners,   forge new technology. That's all he had to do.   And he would have been one of the 10 richest men on the planet.   That's what happens when you don't stay humble.   That's exactly   and it's not this won't be the last time. It won't be the last time   that somebody fucks this up.  

Don't let that be you.   Moving on. Portal.   Mobile native hardware wallet by 22   Devices. Again, no BS Bitcoin. Gonna finish this out this morning.   Portal is a mobile native hardware wallet designed to keep your keys safe and seamlessly integrate   into any mobile wallet app. It uses NFC technology to safely   and effectively   connect with any modern smartphone and doesn't need cables   nor batteries.   It's completely powered by the NFC. Oh, that's actually kinda cool. Here, let me put this one up.   Let me get rid of you and I'm going to put   you up over here. Alright.  

That's a nice looking little thing right there. That's kind of cool.   You may have seen our announcement at Bitcoin Atlantis   or or rather our mission is to build hardware devices for Bitcoiners starting with new mobile native hardware wallet called Portal,   announced Alekos   Fellini.   Quote,   why yet another hardware wallet? Well, because we think none of the existing ones are both safe and easy to use with smartphones. So we made our own. Portal is built around NFC.   Not n f t,   NFC.   Not only to talk to a phone,   but also to power itself. No cables, no batteries, just wireless magic as if Tesla was still around.  

We also spent a lot of effort   simplifying the UX.   There are no menus to navigate. As a user,   you are just shown each   transaction output and you can sign it by holding the button for a couple of seconds.   Everything is open source. The firmware is completely written in Rust and based on   Bitcoin DevKit.   This allows us to support single sig, multi sig, and complex descriptors very easily although some functionalities   are not yet exposed to the end user.   The hardware has been designed from scratch   or in KiCad. Sorry, KiCad, k I c a d, KiCad.   And it's also available on GitHub.  

We are also releasing   a software development kit to help existing wallets integrate our device. We prefer   to remain focused on the hardware and let other teams develop awesome software on the smartphone side.   We have a few big names already starting the development. If you want to be the first to get your hands on a portal,   you can preorder today at store.   20hyphen2.xyz.   That's store.20hyphent2.xyz.   And 22 is actually spelled out in letters,   not numbers. Letterstoredot   20hyphentwo.xyz.   We aim to start shipping the 1st batch of devices in the summer,   Q3 at most. If you have any questions or you'd like to contribute to our repos, join the community   on Telegram,   and all this stuff will be in the show notes.  

But that's gonna do it for the morning roundup, I suppose.   Yeah. Yeah. That's gonna do it for the morning round.   Dad says jokes. It's pretty much one of the only   actual   accounts that I look at with any regularity   on, dead bird's side anymore.   A bus station   is where a bus stops.   A train station,   that's where a train stops.   On my desk, I have a workstation.   Alright,   we'll figure it out from there. Okay, so I am reminded   Jian Wu is also the person that came up with the ever loving meme, the meme that will never go away. What is it? Fork your mother if you want to fork.   Well, he didn't make that meme. He actually said he actually said the actual f word,   which was not good, but we turned it into as as Bitcoiners are want to do, we will turn it into, into memes. So we said fork your mother if you want to fork.  

Guys,   this London exchange business have been putting up the,   oh, the exchange traded notes.   I really believe   that   we're I really believe, and I want you to walk away with this in your head. It's not that you have to believe me. That's not what I'm saying. I'm just saying please think about   it. Please think   about the possibility   that we   now have our eyes completely   uncovered.   Now that we have our if you're a Bitcoiner for any amount of time whatsoever,   chances are real good. All the veils that have been   put up in front of you,   all the filters that you've been provided by the powers that be to actually see the world as it not is   have been stripped away.  

Most likely they've been stripped away. Now that you have   a set of eyeballs   that can see the actual world,   use those eyeballs to start disseminating   what financial instruments   are designed to destroy   somebody or some other group's wealth   and which ones are actually designed   to improve anybody's   well-being in the world.   There's not I don't think that there's as many   genuine   articles of instrumentation   for financial well being of humanity   as a whole,   then there   are selective   weaponry   designed specifically to take out certain groups of people.   I do not believe   for a second   that London,   the London Stock Exchange allowing   ETMs,   I do not believe that that   is a vehicle for wealth building   for the majority of humanity.  

I think it is a guided missile. Will it work? No. It's not gonna work. That's not what I'm saying. I'm saying that now that you have the ability to see   now that we all have the ability to see   a modicum of truth,   we should start looking at   what are these financial instruments? What are derivatives?   What is an e t n?   And and maybe see, the thing about it is is we've got this shit all wrong.   Before   Bitcoin, I guarantee you the only reason people wanted to find out the definition of an ETF is because they wanted to figure out how it would work for them.   This time,   maybe what we should be doing   is looking for how these things are designed to destroy us.  

You, me   and all the rest of the serfdom out there that's   toiling in the fields and pulling up sod and having   the asshole King ride by with Excalibur   and and the coward Robin   Telling us that   everything is gonna be fine. It's not gonna be fine unless we make it fine.   We're serfs. That's okay. I don't mind.   We won't be serfs for very much longer.   And it won't be because of the price of Bitcoin, it will be because   Bitcoin has given us another source of wealth.   It's given us truth.   It's given us the ability to see things that we never saw before,   but also has given us the ability to not only see things that we never saw before, be able to immediately damn near understand that thing which we've never seen before. I've never even heard of a fucking exchange traded note, and I'm already looking at this thing going, I don't think that this is designed   to help anybody except those at the very tippy top.  

And that's not the last instrumentation that we're going to see. The last instrumentation that we've ever heard of.   I guarantee you that over the next few months and the next couple of years, they are going to pull out everything that they have. That's a financial instrument because that's that's the only the only guidance system that they possess   is it's only connected to these types of weaponry. It's not connect they are completely boxed in.   They only have one guidance system and it only talks to one set of instruments.   And none of them none of them are good. And none of them   are on the same plane of existence as Bitcoin, which means like like an ethereal   missile it will   you can aim it at Bitcoin, but it won't hit it it'll pass right through it like a ghost.  

That's what existing on 2 different planes of reality will get you.   But that doesn't mean that we have the ability or   well, it doesn't mean that we have the reason   to sit back on our laurels   and not identify   these financial instruments that we've never heard of before   and identify them as whether or not they're going to be good for humanity   or not. And if you find one that's not good for humanity,   call it out   in public   and continue to do that, and 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.