Join me today for Episode 947 of Bitcoin And . . .
Topics for today:
- MasterCard's Non-Custodial BTC Spending
- FED Attacks United Texas Bank
- Blockstream's New Hashrate Derivitive
- Alby Hub's "Friends & Family" Upgrade is LIT AF!
#Bitcoin #BitcoinAnd
Circle P:
Rev.hodl: https://primal.net/p/npub1f5pre6wl6ad87vr4hr5wppqq30sh58m4p33mthnjreh03qadcajs7gwt3z
Rev. Hodl's Applied Permaculture Class: https://primal.net/e/note1t6p47jytn4wg9ft5a4t4unm787y3jyz3drsrfgz072jjsuszpgsq2u370f
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Articles:
https://bitcoinmagazine.com/business/mastercard-launches-euro-denominated-non-custodial-bitcoin-debit-card
https://cointelegraph.com/news/united-texas-bank-cease-and-desist-order-crypto-firms
https://www.coindesk.com/business/2024/09/05/blockstream-mining-starts-third-investment-round-for-hashrate-backed-tokenized-note/
- https://www.cnbc.com/futures-and-commodities/
- https://dashboard.clarkmoody.com/
- https://mempool.space/
- https://fountain.fm/show/eK5XaSb3UaLRavU3lYrI
- https://geyser.fund/project/thebitcoinandpodcast
https://www.nobsbitcoin.com/alby-hub-v1-7-2/
https://www.nobsbitcoin.com/blixt-wallet-v7-0-0/
https://www.nobsbitcoin.com/breez-sdk-liquid-v0-3-0/
https://www.nobsbitcoin.com/lndk-v0-2-0/
https://www.nobsbitcoin.com/ldk-v0-0-124/
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Licensed under Creative Commons: By Attribution 3.0 License
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[00:00:00]
David Bennett:
Good morning. This is David Bennett, and this is Bitcoin and, a podcast where I try to find the edge effect between the worlds of Bitcoin, gaming, permaculture, podcasting, and education to gain a better understanding of all. Edge effect is a concept from ecology describing a greater diversity of life where the edges of 2 systems overlap. While species from either system can be found at the edge, it is important to note there are species in the overlap that exist in neither system, and that is what I seek to uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems. It is 8:57 AM Pacific Daylight Time. It's the 5th day of September 2024.
This is episode 947 of Bitcoin and the circle p is open for business. Rev hodl's applied permaculture class is coming up October 12th. That is a Saturday in Baroda, Michigan. There are 21 tickets available. It's gonna cost you a 100,000 sats to learn how to apply permaculture to any lifestyle, building, sovereignty, resilience, and wealth. Learn how to do it in this half day class. He's gonna detail how he applies permaculture ethics and principles to homesteading. He's gonna share how he builds resilience in his wealth with the eight forms of capital and illuminate the connections between Bitcoin and permaculture. So check it out, man. On Saturday, October 12th at 10 AM, in Baroda, Michigan, there's gonna be, what is it? Where is it? Where did he go? Oh, yeah. The permaculture presentation.
And then he's gonna feed you a homestead lunch with food that's, you know, prepared and harvested from the actual homestead itself. And then at 1 pm, he's going to take you on the Permaculture in Action tour. And then there is a wrap up and networking at 3 pm. I would suggest that you bring your own beer. If you want to go hang out with these people the day before, that's free. And camping is also free on Friday, October 11th. And you will check-in at 3 pm. No earlier than 3 pm. He's not gonna enjoy you coming in at 2. Okay? So come in at 3 pm. And for those that are, you know, staying overnight, but at 7 pm, that's when the fireside Bitcoin meetup begins. And there he actually does say you need to bring your own damn beer.
So again, Friday, October 11th is the free for anybody. There's no tickets. Anybody can go. Fireside Bitcoin meetup, bring your own beer. Next day, there are 21 tickets available for the October 12th event and that is Rev Hoddle's applied permaculture class. Now, with that out of the way, let's get over to credit cards. Bitcoin Magazine, Vivek Sin, writing the following. Mastercard has launched a euro denominated non custodial Bitcoin debit card. Yeah, I know it's Mastercard, but hey, you know, rails are rails and whatever gets the train down the tracks it's going to push Bitcoin forward. So Mastercard is partnered with Bitcoin and crypto payments provider Mercury to launch a euro denominated debit card allowing users to spend Bitcoin and crypto directly from non custodial wallets.
Think about that. From non custodial This is euro denominated so I can only imagine that this is going on in the European Union. And you know how tight ass those guys are. And yet here we have Mastercard allowing you to spend Bitcoin and crypto directly from a non custodial wallet. That means that it's your wallet, not their wallet. It's non custodial. They do not custody the Bitcoin. So I can only assume that it will be connecting allowed to connect to some kind of hardware wallet. Let's find out more. The card enables European Bitcoin HODLers to spend from their self hosted wallets. Yep. That's what I thought. At any of Mastercard's over 100,000,000 merchants globally without needing to custody funds with an intermediary.
Mastercard is a payments titan. It serves nearly 1,000,000,000 customers in over 2 10 countries. And this latest integration reflects the company's growing efforts to bridge Bitcoin with its sprawling traditional payments infrastructure. Quote, we are providing consumers who want to spend their digital assets with an easy, reliable, and secure way to do so anywhere Mastercard is accepted, said Christian Rau, senior vice president of Mastercard's crypto unit. The card allows spending bitcoin and other crypto simply by connecting a non custodial wallet.
Users avoid selling bitcoin and crypto on an exchange before spending, maintaining full ownership. However, however, here it is. Here's the catch. Here's the rub. Mastercard Mastercard's card has fees. You know this. It includes a €1.6 issuance fee, a €1 monthly maintenance fee, and a 0.95 percent transaction fee. So fees are there. Nonetheless, by supporting non custodial wallets, Mastercard is addressing a major pain point and grants users the flexibility to directly control their Bitcoin and crypto. The move caters to a growing audience preferring self hosted wallets over centralized exchanges.
I'm honestly I'm honestly surprised that Mastercard is doing this. And I'm honestly surprised that they were able to work this system out with the European Union regulators. It's it it seems very odd. It's so odd, in fact, that I just have a a smidgen of feeling that maybe Vivek Sin and Bitcoin Magazine has somehow or another gotten false information. I don't think that that actually occurred. It's just that this is so damned strange that I'm I it's kind of freaking me out a little bit. Now, for those who don't lead or heard going, oh, it's Mastercard. It's, you know, it's it's Fiat stuff. Yeah, I know. I know. I get it. But here we are with even Mastercard figuring out: Well, we're gonna have to enter this game.
If Mastercard is entering the game at this scale, because this is a hell of a scale, then it says something about the power that Bitcoin has. Whether we like it or not Bitcoin is showing its power its seductiveness to everybody that comes into contact with it. And now the people that are being seduced are the very people that Bitcoin was designed to replace. How does this play out? I don't know, man. Your guess is as good as mine. But back here over in the states on this side of the pond the people that are not enamored with Bitcoin at all are are taking a Texas Bank to task.
The Federal Reserve hits Texas Bank with a cease and desist order over servicing crypto firms. Fear and loathing at the Fed. Cointelegraph Tom Mitchell Hill has this one. The United States Federal Reserve has issued a cease and desist order to the crypto friendly United Texas Bank, citing significant deficiencies in the bank's risk management systems and dealings with crypto clients. In a September 4th cease and desist order, the Fed said it had examined United Texas Bank in May and found issues with its corporate governance structure and oversight by the bank's board of directors and senior management. The examination identified significant deficiencies related to foreign correspondent banking and virtual currency customers, specifically risk management and compliance with applicable laws, rules and regulations relating to anti money laundering, including the Bank Secrecy Act, the Fed wrote in its order.
Notably, the order did not outline how the bank had not complied with regulations concerning its crypto clients. The Fed added that the United Texas Bank had since taken further measures to strengthen its adherence to the Bank Secrecy Act and its Anti Money Laundering Program. Anti Money Laundering Program. The order noted that the bank's Board of Directors had agreed to submit a formal plan to strengthen board oversight of its compliance with BSA AML requirements. United Texas Bank currently has 75 employees and manages a total of around $1,000,000,000 in assets, according to the last quarterly report.
The Fed issued a similar enforcement action against another crypto friendly bank back in August. On August 8th, the Fed said it had identified significant deficiencies in the risk management systems of the Pennsylvania based Customers Bancorp and its subsidiary, Customers Bank. Customers Bank did not do well on recent examinations by inspection by the Philadelphia Federal Reserve Bank and is already taking measures to address deficiencies that the Fed identified in the bank's management and AML practices according to its respective cease and desist order.
The recent spate of enforcement actions has reignited accusations that the government is engaging in a coordinated campaign to block banks from engaging with the crypto industry something its adherents call Operation Chokepoint 2.0. Dan Spuller, the head of affairs at Crypto Advocacy Group Blockchain Association said the cease and desist order against United Texas Bank was the continuation of Operation Chokepoint. Alright, so what did we what did I tell you yesterday? The FBI put out a warning right? Put out a warning about that North Korean hackers were targeting specifically Bitcoin and crypto exchange traded funds like those held in BlackRock and Fidelity and Ark Invest and the whole lot of them, right?
And it was and I told you yesterday, it was not designed to scare people like Larry Fink. They can't. They can't. They they can't really do that. Right? Larry Fink I guarantee you Larry Fink, he gets a cease and desist order from the FBI. He probably throws it in the trash or at least tables it and decides to come back to it way later. If we, like little private citizens, get anything from the FBI that says we're watching you or we're not pleased with you, we're gonna get scared. Right? So it's way easier to control retail at that level. So I think this is coordinated. I think the United States government is grabbing its straws.
Right now those straws are actually kind of effective. I will give them that. Because we're already seeing the effects of the FBI warning there's been a ton of outflow out of the Bitcoin ETFs. BlackRock saw a whole bunch leave since that order has been or that warning has been issued. Now, here's my here's my thing. How is it that Larry Fink and the rest of the crew of the people that are in the upper echelons of these ETFs are not getting into a room together figuring out how they are going to deliver a class action lawsuit directly against the FBI on the charge of manipulating a market that they are engaged in, therefore discounting the value of their customers.
If I were to do this if I were to do what the FBI did and somehow or another I had a platform big enough that it actually affected the amount of money flowing into or flowing out of BlackRock's ETF which significantly affects everybody else of the BlackRock family ETFs or at least the Bitcoin ETFs everybody that's holding those shares if I say something that causes a shit ton of those shares to be redeemed and the price of that ETF goes down I've affected those people who have not decided to sell. And if I did it on what I presume the FBI's warning is complete bullshit and there's no proof about it whatsoever and I guarantee you the FBI will not deliver any substantial proof of this at all because if somebody asks them they'll just say, hey, it's national security we don't have to say shit. That's exactly what they'll do if they haven't done it already. I haven't heard word about that but I haven't seen any substantial proof.
So, therefore, it's all hearsay, right? So if I were to commit those acts that the FBI did and caused what the FBI has caused I would be liable for God only knows what. So when are the people in the suits going to gut up and sue the living shit out of the FBI? Because it's people say all the time that, you know, you can't sue the United States government. That's bullshit. I see all kinds of actions against the United States government. And I certainly see all kinds of actions against, you know, smaller departments of the United States government. This could be done.
Right? And I'm not it's not like I'm I'm not trying to defend Larry Fink. I'm just saying that if I were to do this, Larry Fink would be on my ass with a bunch of $1,000,000,000 lawyers and I wouldn't survive it. So what's going on here? How come there's no pushback at all from these guys at the ETF saying what you're doing is market manipulation and you're affecting the value of our customers. Therefore, we're going to fight you tooth and nail. You need to bring to the table the evidence that North Korea is doing this. They won't be able to. I guarantee it. I mean, bring evidence. I do think that Larry Fink and crew would be able to sue the FBI. But we've got other fish to fry. Blockstream Mining has raised a fresh round of notes that offer exposure to the Bitcoin hash rate. CoinDesk, Will Canny.
Blockstream Mining said it is opening yet a 3rd round of investment for its hashrate backed tokenized note, which gives participants a slice of the Bitcoin earned from the company's mining activities over the next 4 years. 2 earlier rounds of the b m n two note raised a total of $7,000,000 The third will be priced at $31,000 and give holders the bitcoin produced by 1 petahash per second of hashrate. The sale will last for 3 weeks, the company spokesperson said in an interview. Blockstream is targeting $10,000,000 of investment for this latest round.
Blockstream is able to offer mining for under 4 point cents per kilowatt hour, which is far below the industry average. Anyone investing in BMN 2 will benefit from access to the most cost effective mining round. The company, co founded by legendary Bitcoin developer Adam Bak, is working with Stoker for the sale of the note. Of course, Stoker. You don't hear a lot about Stoker, but I've heard a lot about Stoker and it kind of gives me the willies. The fact that Stoker is involved with this gives me the willies. It just straight up does. I won't get into why but it just does.
Crypto markets are becoming increasingly financialized and hash rate backed contracts are not new. What's unique about this note is its duration. Most contracts lock in the hash price for up to 12 months. James Masadiano, Blockstream's SVP Global Head of Mining Sales and Business Development said. BMN2, an EU compliant security token gives exposure to the Bitcoin hash rate over a 48 month period. The advantages of buying Blockstream's BMN2 note instead of buying hash rate futures from mining companies is that the investors are not exposed to any counterparty risk or possible miner failure and the price is locked in for 4 years, Mandacino said.
Furthermore, the market hash price adjusts quarterly and is dependent upon mining efficiency and passes through risks such as energy price and counterparty risk. With Bitcoin mining market currently experiencing historically low hash price levels, BMN 2 allows investors to strategically enter the market at an opportune time, the company said in a July release announcing the note. In a report last month, Wall Street giant, JPMorgan noted that the hash price is about 30% below levels seen in September of 2022 and about 40% below the level before April's reward halvening.
Investors in the notes predecessor, BMN1, were mainly international family offices and funds in Europe. While BMN 2 is starting to see interest from US institutions, the product is not being offered there yet, he said. He also said that many BMN 1 investors have rolled their investments on over into BMN 2. BMN 1 was highly successful. It mined over 1242 BTC and delivered returns of up to 103% over its 3 year term, Stoker said on its website. It is the highest payout in real world asset security token history according to Arnab Nosker, co founder and co CEO of Stoker. BMN 2's first two investor rounds started on July 18th and ended August 12th.
Anchor investors who committed over 500,000 in investment were given a discount and invested in series 1. Investors who rolled their investment over from Blockstream's BMN 1 to the new and the new backers invested in series 2. Money raised from the sale of the note is used to manage physical infrastructure and energy costs because Blockstream is responsible node. The company has mining facilities in Georgia, Montreal, and Texas. The tokenized node will trade on crypto exchange Bitfinex. This is a derivative. Make no mistake.
You're not holding Bitcoin at all. In fact, you're just it's just another derivative. Right? Derivatives are going to permeate this space. There's already quite a few of them but there's always going to be more. Somebody's gonna find out yet one more curve they can take a tangent from and that's going to turn into some kind of derivative product. My advice is this unless you are a family office unless you were trained in the legacy finance bullshit don't do any of this. Sure, you might say: I listened to you and I didn't do any of that and because of you I wasn't able to make $1,000,000 Well, I'm sorry for you.
All I can say is that every time I see a derivative, I see a problem. I see problems with derivatives in cattle. I see problems with derivatives in the oil markets. I see problems with derivatives everywhere. Because all it's doing is forcing an efficiency function. And we all love efficiency, right? Yeah, until that efficiency comes back and bites us in the ass. Why do you think in cattle and beef industry we only have 4 processing plants? No, not plants, but 4 processors like companies like J&B and Tyson and shit like that. The efficiency that we all craved created these 4 behemoths.
And now now we're reaping we're reaping our harvest of that sowing of that stupid ass seed. I'm not saying that we should go for complete inefficiency because you'd get a different set of problems. But going for complete efficiency on any market is going to end up with what? Consolidation. And what do we know about consolidation? It ain't good. Please, for the love of God, stay away from derivative products at all costs. Let's run the numbers. West Texas Intermediate is up. Actually, it just went negative. It had been up almost a full percent this morning and is back down. I mean, it's it's doing the same thing that that the Bitcoin price is doing. It'll go up a percent and then the next candle, the next hourly candle, it just drops like a stone.
Everything in legacy markets and in the crypto markets is jacked right now. September just sucks. But oil is now down 0.06% to under $70, 69.16 Brent, norse is down scant to 72 point $69. And natural gas, however, is doing what natural gas does. It's up almost 6 full percent, back up to $2.27. Gasoline is down 2 and a quarter points to a buck 91 a gallon. All your metal rocks are doing well today, however. Gold is up almost a half point to 25, 37 and change. Silver is up 1.87. Platinum is up 2 and a half. Copper is up 1 and a half. And palladium is up a half. In ag, we've got mostly red today. Cocoa has recovered some of its losses from yesterday. 3.11% of the upside makes it our winner of the day. Loser of the day is wheat. 1 and a half to the downside. Live cattle, woah, lost 1.14 points.
Lean hogs down 0.77%. Feeder cattle down 1a half. Now, legacy indices, markets are not doing well either. Dow is down a point. S and P is down a half. Nasdaq is down a quarter. And the S and P mini is down almost a full point. And we have just crossed into $55,000 territory on Bitcoin. $55,980 brings us to a $1,110,000,000,000 market cap, and we can now only get 22.3 ounces of shiny metal rocks with our one Bitcoin of which there are 19,000,000 749,864.87 of, but fees remain the same. 0.06 BTC taken in fees on average on a per block basis. There are 130 blocks carrying 257,000 unconfirmed transactions waiting to clear at high priority rates of 5 satoshis per vbyte.
Low priorities are 4 satoshis per vbyte mining holy shit, we just topped we topped our wow. Holy fuck. Sorry. 783 exahashes per second, ladies and gentlemen. That's an all time high, as far as I can tell. Because a couple of days ago, I told you that there were 7 40 exahashes per second. Right? I'm just looking yeah, 7 40 exahashes per second. No. 746 exahashes per second was our top. Now we've got a new one, and that new one is 700 what was hold on. 783 exahashes per second. So that's an all time high in hash rate and yet we're looking at 55 or just under $56,000 Bitcoin.
I it's hard to make sense of these markets. So if you feel like you're, like, grabbing the straws, you're you're not the only one. Okay? Alright. From the FUDBI, Bitcoin and episode 946, we got DeBravco with 2,280 sat says, please, someone think of the children. I mean, protect me from the North Koreans. The FUD BI, that's funny. Like Ethereum, the United States federal government and its affiliate associations, or organizations are proof of stake. Still looking and applying, by the way. Thanks for the shout out. Yeah. Yeah. There you go. Good luck to Bravo. My my, thoughts and and and well wishes go with you. God's death 537. Thank you, sir. No. Thank you.
Ghost of Whitman with 333 sets says, Deaton has no chance anyway. Yeah. Massachusetts Massachusetts electing, a Republican for their senate seat to replace Elizabeth Warren. Pretty slim, dude. It it's pretty slim. So, yeah, Deaton probably has no chance. But like I said, I I as much as it pains me to say, I'd much rather Elizabeth Warren be in there because she can remain ineffectual. Hue Janice with a 100 says, noise. And that will do it for that particular episode. Consider boosting. If you're listening to me, consider boosting on a podcasting 2.0 enabled app.
There are many of them. There's like Podcast Guru. There's Fountain app. That's my fountain my daily driver is Fountain app. I just love that thing. And then Streamysatoshis because it's it's lately it's been hard for me to maintain chart status on the fountain charts. I used to be on the charts all the time, like not more than like 3 weeks ago. But all of a sudden, it's really hard. And the way that fountain does its charting, like the top 20, like episodes in the top 20 shows, is strictly by support. It has nothing to do with voting. Your voting costs you if you want to think of it this way, maybe it is voting. And you vote for me by boosting the show or or boosting an episode or streaming me satoshis.
And the one with the most satoshis wins is essentially what happens. Right? So that's how fountain does all of their, you know, that's how they do their charting. And it's like, you know, I know things are things are rough out there, guys. Believe me, I I feel it more than every more than anyone or actually as much as anyone, not more than anyone, but at least as much as anyone else. So I I understand what everybody's going through. But if you got some satoshis laying around, bump them over to me. I will take care of them. That's it for the weather report. Welcome to part 2 of the news that you can use AlbyHub.
Version 1.7.2 has been released. It's being named the friends and family app upgrade. AlbiHub is an open source tool that enables users to run their own node and connect to Bitcoin apps. It features one click lightning node installation, a self custodial wallet, and an app store for seamless integration of social media, podcasting 2.0 apps, and external lightning wallets via NWC or Nostril Wallet Connect. Quote, listen up. This is this is awesome. I have been waiting for this release for a long time now and I can't wait to get it on my start 9. In this release, we introduced you to a brand new friends and family app in the App Store.
Try it out to easily onboard your friends and family with just a few clicks. We also added a receive only point of sale app which you can freely share with employees. Let us know what you think. Announce the project. Friends and family app lets you quickly onboard your friends and family to Bitcoin and lightning via your personal AlbiHub instance. They get a wallet without having to understand lightning or have their own channels and not rely on large custodial services. They can also get their own lightning address with an Albi account, or connect their new wallet via the Albi extension.
Soon, they will also be able to connect to Albi's new mobile app called Albie Go. Albie Go is a simple lightning mobile wallet interface that works great with Albie Hub. You can install it and test it via the zap. Store that is zap dot storezap. Store go and get albigo I'm going to go look at it after the show quote we also improve the albihub wallet interface with the ability to pay to lightning addresses and allow withdrawing an exact amount from your savings balance with a brand new savings balance withdrawal UI.
The node page will also now show pending balance from closed channels currently only supported in the default node implementation. Lnd is coming soon. TM. Quote for Mac users, we have a number of desktop app bug fixes and a brand new server build. We stated in the release notes. So Boomi is one of the, b u m I is one of the guys from, Albi. And he says in a note on Nostra, I love to hear that many people are excited about Albi Hub and how they got their lightning node running and how cool it is to use it to zap and do all kinds of crazy things that we now do with Sats. But I also need to say it's still a very long way to go and what will matter is how it performs long term. It needs to get battle tested.
Can't wait to look back in 6 to 12 months. We work super hard that you will that you will then be even more excited using the Albie hub, but only time will tell. All right. So, again, go get go look at AlbieGo. It's in the zap store. Zap.store. I want to get back to the friends and family app. Let me read this this paragraph again. Friends and family app lets you quickly onboard your friends and family to Bitcoin and Lightning via your personal Albi Hub instance. Let's just look at that. Remember when I was back in Colorado I interviewed my neighbor Cody, right? He's, like, at the age of, like, 14 years old. He started his first business. He's now 18. He has 4 businesses.
He's into Bitcoin, but he's also, you know, he's still, like, enamored with some of the shit coins. And at the time when I told him because this was right at the time this was I think like during the the like the same week that Albi Hub was being you know that you kind of had to convert over to Albi Hub and your lightning or your AlbiHub lightning wallet was being kinda deprecated a little bit and they weren't letting you hold as much sats on there and then they've kinda slowly like taking the amount of sats that you can hold on your custodial wallet in AlbiHub lower and lower to the point that I'm like, okay, this isn't going to work for me anymore so I had to install Albi Hub, which I did when I got home. But the problem was is that I told Cody, you need to sign up for Albi, get the extension, and I took him through all the steps and it didn't work. And the reason it didn't work was because they had deprecated that wallet. They aren't allowing anybody to get new custodial wallets. So, my being able to split the zaps on that particular episode with Cody completely failed.
Right? And then but then I had a failed interview with 1 of the guys, Tomek, over at Albi, and we talked about the fact that even before this family and friends app was released today or I think it was actually announced yesterday, that I would have been able to using my Albi hub on my start 9 generate a kind of an uncle Jim situation where I could host Cody's wallet on my lightning node or rather through my lightning or my Albie hub instance which is connected to my lightning node And therefore, he could piggyback off my lightning node liquidity and he wouldn't see any of it. All Cody would see is that he's got a lightning wallet that he can send and receive sats from. He doesn't know my balance. I don't know his balance. I have no control over his shit whatsoever.
But friends and family the friends and family upgrade is going to make that much more easy to do. And this, again, is the Albie hub version 7.or sorry version 1.7.2 friends and family app. If you haven't looked at Albie hub, if you've got something like a Raspberry Pi and you're running like the start 9 stuff, or you have a full blown start 9 like server 1 or server pure like you know I mean I got a server 1 some people have a server pure some people have like you know like a of an old laptop but they're running the start 9 OS on it so they might as it's it's a full start 9. It's so easy to install AlbiHub even though it's not in the start OS store even though it's not in the community app store you can easily go into AlbiHub and go and get their distributable and have it side load into your into your start OS.
And it was I was like going, oh my god I'm gonna have to do all kinds of shit. No, I didn't. All I had to do was give startos the package name that I downloaded from the get from Albie Hubs or from the Albie, GitHub. That's all I had to do. And now I've got a full blown Albie Hub instance. And when this thing comes out and I get to upgrade to 1.7.2, I'm going to be able to, within a few clicks, get Cody back up and running. And then I'll split the sats with him and drop his name and his wallet address into that particular show. And then I'll re up that show so that people will have another chance to go zap this insanely entrepreneurial young adult. He's 18 years old. He's got 4 businesses.
How many businesses do you have? I only have one and it's actually not making anywhere close to the amount of money as his first business mowing lawns. I am serious, man. It's because I just refuse to get advertisers, which is my bad, but, hey, I'm the one that has to live with it. Okay. Up next is Blixit wallet version 7.0.0. New syncing nodes, stability improvements, and more. Blixit Wallet is an open source lightning Bitcoin wallet for Android and iOS with focus on usability and user experience. Powered by LND and the Bitcoin SPV client Neutrino.
This release updates lnd to version 0.18.2 fixes syncing issues in Neutrino SPV and adds syncing nodes in different regions around the world. Makes lightning box payable via your pubkey atblixitwallet.com. It adds a drop down menu to lightning channel screen and ability to hide amounts and overview screen. Speed loader is now enabled by default for all new wallets. So if you are a Blixit wallet user, version 7.0.0 just dropped. Might want to go check that shit out. Breeze SDK liquid version 0.3.0 offers lnurlpaysupport go and c sharp bindings, and more.
The Breeze SDK provides developers with an end to end solution for integrating self custodial lightning payments into their apps and services. The Breeze SDK is free for developers. What's new? Lnurlpaysupport for receiving various amounts, or they say variant amounts. They added the go and the c sharp bindings as mentioned. Background receive via mobile notifications. Enable direct payments to and from a liquid address, fix fees calculations for pay on chain, add sign message and check message APIs, emit pending confirmation for direct liquid payments, added payment details to the payment structure.
And there are some breaking changes, so payment structure has changed to contain payment details and prepare, receive, request has changed. So there are some things that broke with this, but it just means that for them for those to operate again, functionally, you need to upgrade to version 0.3.0. On to LNDK, the lightning network development kit. Version 0.2.0 payment to offers with blinded paths. Remember remember the strike thing yesterday that I was telling you about? Well, LNDK, I guess they had to upgrade or strike had to have this version 0.2.0 before they were able to offer their bolt 12 integration with strike.
Let's see if there's anything here that we really need to know about. It is a huge oh my god. This thing is huge. This upgrade is massive. So we're not gonna be able to go through all of it. I'll just read these. LNDK leverages the lightning development kit to provide functionality acting as a thin shim between LND's APIs and LDK's lightning library. LNDK now allows paying offers with blinded paths. Users need to run the LNDK binary alongside LND to make payments. Instructions for sending parts, can be found here. And here is what? Oh, their githublndk hyphenorg and then you can go from there. Let's see if there's anything of note testing actions, cfgcli, clippy config.
Yeah. There's a bunch of changes in this thing, ladies and gentlemen. So alongside the LNDK upgrade, LDK has been upgraded to version 0.0.124 paper cutting feature requests. LNDK Rust Lightning is a highly performant and flexible implementation of the lightning network protocol. Lndk0.0.124 is up on crates. Io. Releases in other languages should follow in the coming days. This release features a new crate structure, a ton of features that various users requested, a pile of BOLT 12 improvements, faster route finding, and a handful of small moderate bug fixes.
In total, this release features 312 files changed, 29,853 line insertions, 15,480 line deletions, and 549 commits since 0.0.123 from 26 authors. And if you if I was trying to tell you that the LNDK upgrade was huge, this thing is super massive. And again, probably had to happen before strike made their announcement that they are able to lock in bolt 12 because bolt 12 uses both of these things. Okay. That's all I got for you this morning. I'm gonna go ahead and head on out. Maybe try to make me a little bit of breakfast before I've gotta go pick some people up and do things and reach for stuff. So I'll just end it here, 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.
Good morning. This is David Bennett, and this is Bitcoin and, a podcast where I try to find the edge effect between the worlds of Bitcoin, gaming, permaculture, podcasting, and education to gain a better understanding of all. Edge effect is a concept from ecology describing a greater diversity of life where the edges of 2 systems overlap. While species from either system can be found at the edge, it is important to note there are species in the overlap that exist in neither system, and that is what I seek to uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems. It is 8:57 AM Pacific Daylight Time. It's the 5th day of September 2024.
This is episode 947 of Bitcoin and the circle p is open for business. Rev hodl's applied permaculture class is coming up October 12th. That is a Saturday in Baroda, Michigan. There are 21 tickets available. It's gonna cost you a 100,000 sats to learn how to apply permaculture to any lifestyle, building, sovereignty, resilience, and wealth. Learn how to do it in this half day class. He's gonna detail how he applies permaculture ethics and principles to homesteading. He's gonna share how he builds resilience in his wealth with the eight forms of capital and illuminate the connections between Bitcoin and permaculture. So check it out, man. On Saturday, October 12th at 10 AM, in Baroda, Michigan, there's gonna be, what is it? Where is it? Where did he go? Oh, yeah. The permaculture presentation.
And then he's gonna feed you a homestead lunch with food that's, you know, prepared and harvested from the actual homestead itself. And then at 1 pm, he's going to take you on the Permaculture in Action tour. And then there is a wrap up and networking at 3 pm. I would suggest that you bring your own beer. If you want to go hang out with these people the day before, that's free. And camping is also free on Friday, October 11th. And you will check-in at 3 pm. No earlier than 3 pm. He's not gonna enjoy you coming in at 2. Okay? So come in at 3 pm. And for those that are, you know, staying overnight, but at 7 pm, that's when the fireside Bitcoin meetup begins. And there he actually does say you need to bring your own damn beer.
So again, Friday, October 11th is the free for anybody. There's no tickets. Anybody can go. Fireside Bitcoin meetup, bring your own beer. Next day, there are 21 tickets available for the October 12th event and that is Rev Hoddle's applied permaculture class. Now, with that out of the way, let's get over to credit cards. Bitcoin Magazine, Vivek Sin, writing the following. Mastercard has launched a euro denominated non custodial Bitcoin debit card. Yeah, I know it's Mastercard, but hey, you know, rails are rails and whatever gets the train down the tracks it's going to push Bitcoin forward. So Mastercard is partnered with Bitcoin and crypto payments provider Mercury to launch a euro denominated debit card allowing users to spend Bitcoin and crypto directly from non custodial wallets.
Think about that. From non custodial This is euro denominated so I can only imagine that this is going on in the European Union. And you know how tight ass those guys are. And yet here we have Mastercard allowing you to spend Bitcoin and crypto directly from a non custodial wallet. That means that it's your wallet, not their wallet. It's non custodial. They do not custody the Bitcoin. So I can only assume that it will be connecting allowed to connect to some kind of hardware wallet. Let's find out more. The card enables European Bitcoin HODLers to spend from their self hosted wallets. Yep. That's what I thought. At any of Mastercard's over 100,000,000 merchants globally without needing to custody funds with an intermediary.
Mastercard is a payments titan. It serves nearly 1,000,000,000 customers in over 2 10 countries. And this latest integration reflects the company's growing efforts to bridge Bitcoin with its sprawling traditional payments infrastructure. Quote, we are providing consumers who want to spend their digital assets with an easy, reliable, and secure way to do so anywhere Mastercard is accepted, said Christian Rau, senior vice president of Mastercard's crypto unit. The card allows spending bitcoin and other crypto simply by connecting a non custodial wallet.
Users avoid selling bitcoin and crypto on an exchange before spending, maintaining full ownership. However, however, here it is. Here's the catch. Here's the rub. Mastercard Mastercard's card has fees. You know this. It includes a €1.6 issuance fee, a €1 monthly maintenance fee, and a 0.95 percent transaction fee. So fees are there. Nonetheless, by supporting non custodial wallets, Mastercard is addressing a major pain point and grants users the flexibility to directly control their Bitcoin and crypto. The move caters to a growing audience preferring self hosted wallets over centralized exchanges.
I'm honestly I'm honestly surprised that Mastercard is doing this. And I'm honestly surprised that they were able to work this system out with the European Union regulators. It's it it seems very odd. It's so odd, in fact, that I just have a a smidgen of feeling that maybe Vivek Sin and Bitcoin Magazine has somehow or another gotten false information. I don't think that that actually occurred. It's just that this is so damned strange that I'm I it's kind of freaking me out a little bit. Now, for those who don't lead or heard going, oh, it's Mastercard. It's, you know, it's it's Fiat stuff. Yeah, I know. I know. I get it. But here we are with even Mastercard figuring out: Well, we're gonna have to enter this game.
If Mastercard is entering the game at this scale, because this is a hell of a scale, then it says something about the power that Bitcoin has. Whether we like it or not Bitcoin is showing its power its seductiveness to everybody that comes into contact with it. And now the people that are being seduced are the very people that Bitcoin was designed to replace. How does this play out? I don't know, man. Your guess is as good as mine. But back here over in the states on this side of the pond the people that are not enamored with Bitcoin at all are are taking a Texas Bank to task.
The Federal Reserve hits Texas Bank with a cease and desist order over servicing crypto firms. Fear and loathing at the Fed. Cointelegraph Tom Mitchell Hill has this one. The United States Federal Reserve has issued a cease and desist order to the crypto friendly United Texas Bank, citing significant deficiencies in the bank's risk management systems and dealings with crypto clients. In a September 4th cease and desist order, the Fed said it had examined United Texas Bank in May and found issues with its corporate governance structure and oversight by the bank's board of directors and senior management. The examination identified significant deficiencies related to foreign correspondent banking and virtual currency customers, specifically risk management and compliance with applicable laws, rules and regulations relating to anti money laundering, including the Bank Secrecy Act, the Fed wrote in its order.
Notably, the order did not outline how the bank had not complied with regulations concerning its crypto clients. The Fed added that the United Texas Bank had since taken further measures to strengthen its adherence to the Bank Secrecy Act and its Anti Money Laundering Program. Anti Money Laundering Program. The order noted that the bank's Board of Directors had agreed to submit a formal plan to strengthen board oversight of its compliance with BSA AML requirements. United Texas Bank currently has 75 employees and manages a total of around $1,000,000,000 in assets, according to the last quarterly report.
The Fed issued a similar enforcement action against another crypto friendly bank back in August. On August 8th, the Fed said it had identified significant deficiencies in the risk management systems of the Pennsylvania based Customers Bancorp and its subsidiary, Customers Bank. Customers Bank did not do well on recent examinations by inspection by the Philadelphia Federal Reserve Bank and is already taking measures to address deficiencies that the Fed identified in the bank's management and AML practices according to its respective cease and desist order.
The recent spate of enforcement actions has reignited accusations that the government is engaging in a coordinated campaign to block banks from engaging with the crypto industry something its adherents call Operation Chokepoint 2.0. Dan Spuller, the head of affairs at Crypto Advocacy Group Blockchain Association said the cease and desist order against United Texas Bank was the continuation of Operation Chokepoint. Alright, so what did we what did I tell you yesterday? The FBI put out a warning right? Put out a warning about that North Korean hackers were targeting specifically Bitcoin and crypto exchange traded funds like those held in BlackRock and Fidelity and Ark Invest and the whole lot of them, right?
And it was and I told you yesterday, it was not designed to scare people like Larry Fink. They can't. They can't. They they can't really do that. Right? Larry Fink I guarantee you Larry Fink, he gets a cease and desist order from the FBI. He probably throws it in the trash or at least tables it and decides to come back to it way later. If we, like little private citizens, get anything from the FBI that says we're watching you or we're not pleased with you, we're gonna get scared. Right? So it's way easier to control retail at that level. So I think this is coordinated. I think the United States government is grabbing its straws.
Right now those straws are actually kind of effective. I will give them that. Because we're already seeing the effects of the FBI warning there's been a ton of outflow out of the Bitcoin ETFs. BlackRock saw a whole bunch leave since that order has been or that warning has been issued. Now, here's my here's my thing. How is it that Larry Fink and the rest of the crew of the people that are in the upper echelons of these ETFs are not getting into a room together figuring out how they are going to deliver a class action lawsuit directly against the FBI on the charge of manipulating a market that they are engaged in, therefore discounting the value of their customers.
If I were to do this if I were to do what the FBI did and somehow or another I had a platform big enough that it actually affected the amount of money flowing into or flowing out of BlackRock's ETF which significantly affects everybody else of the BlackRock family ETFs or at least the Bitcoin ETFs everybody that's holding those shares if I say something that causes a shit ton of those shares to be redeemed and the price of that ETF goes down I've affected those people who have not decided to sell. And if I did it on what I presume the FBI's warning is complete bullshit and there's no proof about it whatsoever and I guarantee you the FBI will not deliver any substantial proof of this at all because if somebody asks them they'll just say, hey, it's national security we don't have to say shit. That's exactly what they'll do if they haven't done it already. I haven't heard word about that but I haven't seen any substantial proof.
So, therefore, it's all hearsay, right? So if I were to commit those acts that the FBI did and caused what the FBI has caused I would be liable for God only knows what. So when are the people in the suits going to gut up and sue the living shit out of the FBI? Because it's people say all the time that, you know, you can't sue the United States government. That's bullshit. I see all kinds of actions against the United States government. And I certainly see all kinds of actions against, you know, smaller departments of the United States government. This could be done.
Right? And I'm not it's not like I'm I'm not trying to defend Larry Fink. I'm just saying that if I were to do this, Larry Fink would be on my ass with a bunch of $1,000,000,000 lawyers and I wouldn't survive it. So what's going on here? How come there's no pushback at all from these guys at the ETF saying what you're doing is market manipulation and you're affecting the value of our customers. Therefore, we're going to fight you tooth and nail. You need to bring to the table the evidence that North Korea is doing this. They won't be able to. I guarantee it. I mean, bring evidence. I do think that Larry Fink and crew would be able to sue the FBI. But we've got other fish to fry. Blockstream Mining has raised a fresh round of notes that offer exposure to the Bitcoin hash rate. CoinDesk, Will Canny.
Blockstream Mining said it is opening yet a 3rd round of investment for its hashrate backed tokenized note, which gives participants a slice of the Bitcoin earned from the company's mining activities over the next 4 years. 2 earlier rounds of the b m n two note raised a total of $7,000,000 The third will be priced at $31,000 and give holders the bitcoin produced by 1 petahash per second of hashrate. The sale will last for 3 weeks, the company spokesperson said in an interview. Blockstream is targeting $10,000,000 of investment for this latest round.
Blockstream is able to offer mining for under 4 point cents per kilowatt hour, which is far below the industry average. Anyone investing in BMN 2 will benefit from access to the most cost effective mining round. The company, co founded by legendary Bitcoin developer Adam Bak, is working with Stoker for the sale of the note. Of course, Stoker. You don't hear a lot about Stoker, but I've heard a lot about Stoker and it kind of gives me the willies. The fact that Stoker is involved with this gives me the willies. It just straight up does. I won't get into why but it just does.
Crypto markets are becoming increasingly financialized and hash rate backed contracts are not new. What's unique about this note is its duration. Most contracts lock in the hash price for up to 12 months. James Masadiano, Blockstream's SVP Global Head of Mining Sales and Business Development said. BMN2, an EU compliant security token gives exposure to the Bitcoin hash rate over a 48 month period. The advantages of buying Blockstream's BMN2 note instead of buying hash rate futures from mining companies is that the investors are not exposed to any counterparty risk or possible miner failure and the price is locked in for 4 years, Mandacino said.
Furthermore, the market hash price adjusts quarterly and is dependent upon mining efficiency and passes through risks such as energy price and counterparty risk. With Bitcoin mining market currently experiencing historically low hash price levels, BMN 2 allows investors to strategically enter the market at an opportune time, the company said in a July release announcing the note. In a report last month, Wall Street giant, JPMorgan noted that the hash price is about 30% below levels seen in September of 2022 and about 40% below the level before April's reward halvening.
Investors in the notes predecessor, BMN1, were mainly international family offices and funds in Europe. While BMN 2 is starting to see interest from US institutions, the product is not being offered there yet, he said. He also said that many BMN 1 investors have rolled their investments on over into BMN 2. BMN 1 was highly successful. It mined over 1242 BTC and delivered returns of up to 103% over its 3 year term, Stoker said on its website. It is the highest payout in real world asset security token history according to Arnab Nosker, co founder and co CEO of Stoker. BMN 2's first two investor rounds started on July 18th and ended August 12th.
Anchor investors who committed over 500,000 in investment were given a discount and invested in series 1. Investors who rolled their investment over from Blockstream's BMN 1 to the new and the new backers invested in series 2. Money raised from the sale of the note is used to manage physical infrastructure and energy costs because Blockstream is responsible node. The company has mining facilities in Georgia, Montreal, and Texas. The tokenized node will trade on crypto exchange Bitfinex. This is a derivative. Make no mistake.
You're not holding Bitcoin at all. In fact, you're just it's just another derivative. Right? Derivatives are going to permeate this space. There's already quite a few of them but there's always going to be more. Somebody's gonna find out yet one more curve they can take a tangent from and that's going to turn into some kind of derivative product. My advice is this unless you are a family office unless you were trained in the legacy finance bullshit don't do any of this. Sure, you might say: I listened to you and I didn't do any of that and because of you I wasn't able to make $1,000,000 Well, I'm sorry for you.
All I can say is that every time I see a derivative, I see a problem. I see problems with derivatives in cattle. I see problems with derivatives in the oil markets. I see problems with derivatives everywhere. Because all it's doing is forcing an efficiency function. And we all love efficiency, right? Yeah, until that efficiency comes back and bites us in the ass. Why do you think in cattle and beef industry we only have 4 processing plants? No, not plants, but 4 processors like companies like J&B and Tyson and shit like that. The efficiency that we all craved created these 4 behemoths.
And now now we're reaping we're reaping our harvest of that sowing of that stupid ass seed. I'm not saying that we should go for complete inefficiency because you'd get a different set of problems. But going for complete efficiency on any market is going to end up with what? Consolidation. And what do we know about consolidation? It ain't good. Please, for the love of God, stay away from derivative products at all costs. Let's run the numbers. West Texas Intermediate is up. Actually, it just went negative. It had been up almost a full percent this morning and is back down. I mean, it's it's doing the same thing that that the Bitcoin price is doing. It'll go up a percent and then the next candle, the next hourly candle, it just drops like a stone.
Everything in legacy markets and in the crypto markets is jacked right now. September just sucks. But oil is now down 0.06% to under $70, 69.16 Brent, norse is down scant to 72 point $69. And natural gas, however, is doing what natural gas does. It's up almost 6 full percent, back up to $2.27. Gasoline is down 2 and a quarter points to a buck 91 a gallon. All your metal rocks are doing well today, however. Gold is up almost a half point to 25, 37 and change. Silver is up 1.87. Platinum is up 2 and a half. Copper is up 1 and a half. And palladium is up a half. In ag, we've got mostly red today. Cocoa has recovered some of its losses from yesterday. 3.11% of the upside makes it our winner of the day. Loser of the day is wheat. 1 and a half to the downside. Live cattle, woah, lost 1.14 points.
Lean hogs down 0.77%. Feeder cattle down 1a half. Now, legacy indices, markets are not doing well either. Dow is down a point. S and P is down a half. Nasdaq is down a quarter. And the S and P mini is down almost a full point. And we have just crossed into $55,000 territory on Bitcoin. $55,980 brings us to a $1,110,000,000,000 market cap, and we can now only get 22.3 ounces of shiny metal rocks with our one Bitcoin of which there are 19,000,000 749,864.87 of, but fees remain the same. 0.06 BTC taken in fees on average on a per block basis. There are 130 blocks carrying 257,000 unconfirmed transactions waiting to clear at high priority rates of 5 satoshis per vbyte.
Low priorities are 4 satoshis per vbyte mining holy shit, we just topped we topped our wow. Holy fuck. Sorry. 783 exahashes per second, ladies and gentlemen. That's an all time high, as far as I can tell. Because a couple of days ago, I told you that there were 7 40 exahashes per second. Right? I'm just looking yeah, 7 40 exahashes per second. No. 746 exahashes per second was our top. Now we've got a new one, and that new one is 700 what was hold on. 783 exahashes per second. So that's an all time high in hash rate and yet we're looking at 55 or just under $56,000 Bitcoin.
I it's hard to make sense of these markets. So if you feel like you're, like, grabbing the straws, you're you're not the only one. Okay? Alright. From the FUDBI, Bitcoin and episode 946, we got DeBravco with 2,280 sat says, please, someone think of the children. I mean, protect me from the North Koreans. The FUD BI, that's funny. Like Ethereum, the United States federal government and its affiliate associations, or organizations are proof of stake. Still looking and applying, by the way. Thanks for the shout out. Yeah. Yeah. There you go. Good luck to Bravo. My my, thoughts and and and well wishes go with you. God's death 537. Thank you, sir. No. Thank you.
Ghost of Whitman with 333 sets says, Deaton has no chance anyway. Yeah. Massachusetts Massachusetts electing, a Republican for their senate seat to replace Elizabeth Warren. Pretty slim, dude. It it's pretty slim. So, yeah, Deaton probably has no chance. But like I said, I I as much as it pains me to say, I'd much rather Elizabeth Warren be in there because she can remain ineffectual. Hue Janice with a 100 says, noise. And that will do it for that particular episode. Consider boosting. If you're listening to me, consider boosting on a podcasting 2.0 enabled app.
There are many of them. There's like Podcast Guru. There's Fountain app. That's my fountain my daily driver is Fountain app. I just love that thing. And then Streamysatoshis because it's it's lately it's been hard for me to maintain chart status on the fountain charts. I used to be on the charts all the time, like not more than like 3 weeks ago. But all of a sudden, it's really hard. And the way that fountain does its charting, like the top 20, like episodes in the top 20 shows, is strictly by support. It has nothing to do with voting. Your voting costs you if you want to think of it this way, maybe it is voting. And you vote for me by boosting the show or or boosting an episode or streaming me satoshis.
And the one with the most satoshis wins is essentially what happens. Right? So that's how fountain does all of their, you know, that's how they do their charting. And it's like, you know, I know things are things are rough out there, guys. Believe me, I I feel it more than every more than anyone or actually as much as anyone, not more than anyone, but at least as much as anyone else. So I I understand what everybody's going through. But if you got some satoshis laying around, bump them over to me. I will take care of them. That's it for the weather report. Welcome to part 2 of the news that you can use AlbyHub.
Version 1.7.2 has been released. It's being named the friends and family app upgrade. AlbiHub is an open source tool that enables users to run their own node and connect to Bitcoin apps. It features one click lightning node installation, a self custodial wallet, and an app store for seamless integration of social media, podcasting 2.0 apps, and external lightning wallets via NWC or Nostril Wallet Connect. Quote, listen up. This is this is awesome. I have been waiting for this release for a long time now and I can't wait to get it on my start 9. In this release, we introduced you to a brand new friends and family app in the App Store.
Try it out to easily onboard your friends and family with just a few clicks. We also added a receive only point of sale app which you can freely share with employees. Let us know what you think. Announce the project. Friends and family app lets you quickly onboard your friends and family to Bitcoin and lightning via your personal AlbiHub instance. They get a wallet without having to understand lightning or have their own channels and not rely on large custodial services. They can also get their own lightning address with an Albi account, or connect their new wallet via the Albi extension.
Soon, they will also be able to connect to Albi's new mobile app called Albie Go. Albie Go is a simple lightning mobile wallet interface that works great with Albie Hub. You can install it and test it via the zap. Store that is zap dot storezap. Store go and get albigo I'm going to go look at it after the show quote we also improve the albihub wallet interface with the ability to pay to lightning addresses and allow withdrawing an exact amount from your savings balance with a brand new savings balance withdrawal UI.
The node page will also now show pending balance from closed channels currently only supported in the default node implementation. Lnd is coming soon. TM. Quote for Mac users, we have a number of desktop app bug fixes and a brand new server build. We stated in the release notes. So Boomi is one of the, b u m I is one of the guys from, Albi. And he says in a note on Nostra, I love to hear that many people are excited about Albi Hub and how they got their lightning node running and how cool it is to use it to zap and do all kinds of crazy things that we now do with Sats. But I also need to say it's still a very long way to go and what will matter is how it performs long term. It needs to get battle tested.
Can't wait to look back in 6 to 12 months. We work super hard that you will that you will then be even more excited using the Albie hub, but only time will tell. All right. So, again, go get go look at AlbieGo. It's in the zap store. Zap.store. I want to get back to the friends and family app. Let me read this this paragraph again. Friends and family app lets you quickly onboard your friends and family to Bitcoin and Lightning via your personal Albi Hub instance. Let's just look at that. Remember when I was back in Colorado I interviewed my neighbor Cody, right? He's, like, at the age of, like, 14 years old. He started his first business. He's now 18. He has 4 businesses.
He's into Bitcoin, but he's also, you know, he's still, like, enamored with some of the shit coins. And at the time when I told him because this was right at the time this was I think like during the the like the same week that Albi Hub was being you know that you kind of had to convert over to Albi Hub and your lightning or your AlbiHub lightning wallet was being kinda deprecated a little bit and they weren't letting you hold as much sats on there and then they've kinda slowly like taking the amount of sats that you can hold on your custodial wallet in AlbiHub lower and lower to the point that I'm like, okay, this isn't going to work for me anymore so I had to install Albi Hub, which I did when I got home. But the problem was is that I told Cody, you need to sign up for Albi, get the extension, and I took him through all the steps and it didn't work. And the reason it didn't work was because they had deprecated that wallet. They aren't allowing anybody to get new custodial wallets. So, my being able to split the zaps on that particular episode with Cody completely failed.
Right? And then but then I had a failed interview with 1 of the guys, Tomek, over at Albi, and we talked about the fact that even before this family and friends app was released today or I think it was actually announced yesterday, that I would have been able to using my Albi hub on my start 9 generate a kind of an uncle Jim situation where I could host Cody's wallet on my lightning node or rather through my lightning or my Albie hub instance which is connected to my lightning node And therefore, he could piggyback off my lightning node liquidity and he wouldn't see any of it. All Cody would see is that he's got a lightning wallet that he can send and receive sats from. He doesn't know my balance. I don't know his balance. I have no control over his shit whatsoever.
But friends and family the friends and family upgrade is going to make that much more easy to do. And this, again, is the Albie hub version 7.or sorry version 1.7.2 friends and family app. If you haven't looked at Albie hub, if you've got something like a Raspberry Pi and you're running like the start 9 stuff, or you have a full blown start 9 like server 1 or server pure like you know I mean I got a server 1 some people have a server pure some people have like you know like a of an old laptop but they're running the start 9 OS on it so they might as it's it's a full start 9. It's so easy to install AlbiHub even though it's not in the start OS store even though it's not in the community app store you can easily go into AlbiHub and go and get their distributable and have it side load into your into your start OS.
And it was I was like going, oh my god I'm gonna have to do all kinds of shit. No, I didn't. All I had to do was give startos the package name that I downloaded from the get from Albie Hubs or from the Albie, GitHub. That's all I had to do. And now I've got a full blown Albie Hub instance. And when this thing comes out and I get to upgrade to 1.7.2, I'm going to be able to, within a few clicks, get Cody back up and running. And then I'll split the sats with him and drop his name and his wallet address into that particular show. And then I'll re up that show so that people will have another chance to go zap this insanely entrepreneurial young adult. He's 18 years old. He's got 4 businesses.
How many businesses do you have? I only have one and it's actually not making anywhere close to the amount of money as his first business mowing lawns. I am serious, man. It's because I just refuse to get advertisers, which is my bad, but, hey, I'm the one that has to live with it. Okay. Up next is Blixit wallet version 7.0.0. New syncing nodes, stability improvements, and more. Blixit Wallet is an open source lightning Bitcoin wallet for Android and iOS with focus on usability and user experience. Powered by LND and the Bitcoin SPV client Neutrino.
This release updates lnd to version 0.18.2 fixes syncing issues in Neutrino SPV and adds syncing nodes in different regions around the world. Makes lightning box payable via your pubkey atblixitwallet.com. It adds a drop down menu to lightning channel screen and ability to hide amounts and overview screen. Speed loader is now enabled by default for all new wallets. So if you are a Blixit wallet user, version 7.0.0 just dropped. Might want to go check that shit out. Breeze SDK liquid version 0.3.0 offers lnurlpaysupport go and c sharp bindings, and more.
The Breeze SDK provides developers with an end to end solution for integrating self custodial lightning payments into their apps and services. The Breeze SDK is free for developers. What's new? Lnurlpaysupport for receiving various amounts, or they say variant amounts. They added the go and the c sharp bindings as mentioned. Background receive via mobile notifications. Enable direct payments to and from a liquid address, fix fees calculations for pay on chain, add sign message and check message APIs, emit pending confirmation for direct liquid payments, added payment details to the payment structure.
And there are some breaking changes, so payment structure has changed to contain payment details and prepare, receive, request has changed. So there are some things that broke with this, but it just means that for them for those to operate again, functionally, you need to upgrade to version 0.3.0. On to LNDK, the lightning network development kit. Version 0.2.0 payment to offers with blinded paths. Remember remember the strike thing yesterday that I was telling you about? Well, LNDK, I guess they had to upgrade or strike had to have this version 0.2.0 before they were able to offer their bolt 12 integration with strike.
Let's see if there's anything here that we really need to know about. It is a huge oh my god. This thing is huge. This upgrade is massive. So we're not gonna be able to go through all of it. I'll just read these. LNDK leverages the lightning development kit to provide functionality acting as a thin shim between LND's APIs and LDK's lightning library. LNDK now allows paying offers with blinded paths. Users need to run the LNDK binary alongside LND to make payments. Instructions for sending parts, can be found here. And here is what? Oh, their githublndk hyphenorg and then you can go from there. Let's see if there's anything of note testing actions, cfgcli, clippy config.
Yeah. There's a bunch of changes in this thing, ladies and gentlemen. So alongside the LNDK upgrade, LDK has been upgraded to version 0.0.124 paper cutting feature requests. LNDK Rust Lightning is a highly performant and flexible implementation of the lightning network protocol. Lndk0.0.124 is up on crates. Io. Releases in other languages should follow in the coming days. This release features a new crate structure, a ton of features that various users requested, a pile of BOLT 12 improvements, faster route finding, and a handful of small moderate bug fixes.
In total, this release features 312 files changed, 29,853 line insertions, 15,480 line deletions, and 549 commits since 0.0.123 from 26 authors. And if you if I was trying to tell you that the LNDK upgrade was huge, this thing is super massive. And again, probably had to happen before strike made their announcement that they are able to lock in bolt 12 because bolt 12 uses both of these things. Okay. That's all I got for you this morning. I'm gonna go ahead and head on out. Maybe try to make me a little bit of breakfast before I've gotta go pick some people up and do things and reach for stuff. So I'll just end it here, 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.
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