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Join me today for Episode 871 of Bitcoin And . . . Topics for today: - CoinShares Buys Valkyrie - Sterlingov Found Guilty - NFT's and Copyright Infringement - Bitkey is Shipping - Vaneck Slashes BTC ETF Fees to 0% #Bitcoin #BitcoinAnd Circle P: npub: npub172mu27r5yny0nnmvgjqwhx055dmsesrrx7j0p5d3pxagfx6xgxfsv75p3q nostr handle: @beisnerds Twitter: @beisnerds Product: Maple Syrup and Soaps Articles: https://bitcoinmagazine.com/business/bitcoin-exchange-relai-integrates-lightning-network-for-its-100000-european-users Bitcoin Fog -> https://archive.ph/ief3j https://decrypt.co/221434/coinshares-acquires-valkyrie-bitcoin-etf https://www.coindesk.com/policy/2024/03/13/us-govt-study-concludes-no-nft-specific-legislation-needed-yet-current-copyright-laws-adequate/ - https://www.cnbc.com/futures-and-commodities/ - https://www.cnbc.com/bonds/ - https://dashboard.clarkmoody.com/ - https://mempool.space/ - https://fountain.fm/show/eK5XaSb3UaLRavU3lYrI https://www.nobsbitcoin.com/bitkey-is-now-shipping/ https://www.nobsbitcoin.com/lnbits-to-disable-cashu-extension-at-the-end-of-mae/ https://www.nobsbitcoin.com/bisq2-v0-0-7/ https://www.nobsbitcoin.com/vaneck-temporarily-cuts-bitcoin-etf-fee-to-zero/ 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 10:33   AM Pacific Daylight Time. It is the 13th day of March 2024. This is episode 871   of Bitcoin,   and you need some sweet. That's what you need, and you need to get it from Maple Trade, aka Bysnerds. That's at beisnerds, b e I s n e r d s, over there on Noster   as well as the dead birdside. And you can also get his sister Sarah's soaps. He has confirmed to me that his sister Sarah is indeed   making soap, and you can get it from her. It's highest quality animal soap that I've ever tried,   as well as this maple syrup from, Maple Trade himself who taps his own trees. He's not   reselling other people's maple syrup.  

He makes this by hand all right   on his own land all right so just understand that so you can get a quart for $27   you can get 3 quarts for 68, you can get a half gallon for 45,   a full gallon for 80, or 4 pints   for $50.   So please tell him   when you order   that you heard it here on the circle p because he has, in fact, been giving me   sats for any sales that I make for him, and it appears that I have been making some sales for him. So that actually makes me   Bitcoin Magazine,   Nick Hoffman.   Bitcoin Exchange Relay integrates the lightning network for its 100,000   European users.  

Relay, the Swiss backed Bitcoin app with a self custody wallet, has announced a new partnership with Blockstream   and Breeze   to integrate the Lightning Network into its platform benefiting over 100,000 European users.   The Lightning Network offers a scalable solution to facilitate   fast and low cost transactions,   making Bitcoin a little more suitable for everyday use.   Quote, Bitcoin is sound money. Lightning is the future of Bitcoin, said Relay CEO Julian Uhlinger.   It's how money will be moved around the world in the 21st century.   That's why lightning is a strategic focus of Relay and will be integral   to our mission of bringing BTC to millions of people quickly, easily,   and securely partnering with industry giant Blockstream and Breeze.  

Relay aims to ensure seamless integration   and optimal user experience. Blockstream's green light cloud nodes and Breeze's SDK Lightning service providers enable Relay to offer Lightning's benefits   while maintaining non custodial control over user funds.   The integration of Lightning into Relay's platform is just the beginning of its product expansion   and European expansion plans, according to the release.   Relay aims to obtain the Micah license to extend its services throughout Europe,   marking a big step towards its goal of making Bitcoin accessible to millions of users across the continent. Now I'm gonna sound just a little bit like a lightning network hater here,   but I'm not. I use lightning. I used it.  

I've already used it, like, 5 times today. I   just   had topped up my zap stream,   so that I can stream this out live with it. I've received zaps with it. I was looking over at my lightning node,   and looking at what I what I got in on,   the last episode of Bitcoin and and I use it constantly. So don't think I'm hating.   But honestly, this   seems like a little bit shortsighted.   When they say lightning is the future,   I don't I don't think it's just lightning being the future. I I it can't be.   It has to be 4 or 5 different things, if not 12 or 25.   Right? We need more stuff like lightning, but but that integrates itself with the Bitcoin layer network   a little bit differently. And we also need a whole bunch of stuff that's built on top of Lightning   and the other things that are with Bitcoin's layer 1 directly.  

It can't just be Lightning.   So that's why when I say that Lightning is not the future of Bitcoin,   I Don't mean that in a hateful way. I just simply mean it is one   of   a multitude of facets   of the future of Bitcoin.   And to pin any one company to pin all their hopes on one solution,   I don't think that that's actually a very good way to go. But, hey, it's Blockstream and Breeze. They clearly know better than I do.   What can I say? I'm just gonna, you know, I'm just putting it out there.   Alright. The bad news of the day is that Crypto Mixer,   has been convicted of money laundering   concerning Bitcoin Fog. This is Bloomberg.  

I don't know who it's written by. Oh, wait. No. Sabrina Wilmer,   the founder of a cryptocurrency   mixing service known as Bitcoin Fog,   was   convicted in Washington federal court for helping to launder tens of 1,000,000 of dollars from darknet markets   known for selling illegal drugs.   A jury on Tuesday concluded   that Roman Sterlingoff,   35 years old, he's only 35,   provided a service that jumbled digital tokens to make it more difficult to find the source of proteins   from illegal activities. And prosecutors said the Bitcoin Fog processed more than $400,000,000   in untraceable   transactions, including $78,000,000   involving known darknet markets.  

The verdict is the latest win for the United States in a crackdown on crypto   criminals, including the November conviction of FTX cofounder Sam Bankman Fried. It has absolutely no bearing here. I don't know why they put that in here. Sterlingov, a Russian Swiss national who testified in his own defense,   and he denied that he ever ran Bitcoin Fog faces up to 20 years in federal prison on the most serious charges.   Sterlingoff, who has been in custody for already   3 years,   will be sentenced on July 15th.   Quote,   the defendant set up the whole operation to help criminals hide their assets.  

Prosecutor   Catherine   or Catherine Pelker told jurors during closing arguments, Pelker said it is clear from the evidence   that Sterlingoff was instrumental in setting up Bitcoin fog, end quote.   After about 2 days of deliberations, jurors found Sterling Gough guilty on all four counts,   which included conspiring to launder money,   money laundering,   and 2 charges related to running an unregistered money transmitting service.   Darknet criminals should know by now   that operations like Bitcoin Fog cannot provide the anonymity for cryptocurrency transactions   that they claim they can, Matthew m Graves, US attorney for the District of Columbia, said in a statement. And that is a nonsensical statement. Anyway,   this is just the halfway point, Eklund said when he called the verdict very disappointing. That's the defense lawyer, Tor Eklund.  

And they are going to appeal. Alright? So during the month long trial, prosecutors showed jurors how the government traced the flow of crypto from dotnetmarkets   through Bitcoin Fog, and they also highlighted a multistep process they say Sterling off used to pay for the Bitcoin Fog domain name more than a decade ago. But the government also turned to 2 other crypto criminals to testify about mixers,   Ilya Lichtenstein,   who pleaded guilty to a money laundering conspiracy last year,   and Larry Harman, who admitted to running a mixer called Helix.   Lichtenstein,   who was charged along with social media rapper wife, Razzlekhan,   told jurors that he used Bitcoin fog to launder some of the $4,500,000,000   in stolen crypto from the hack of Bitfinex.  

Both he and Harman said that they did not know Sterling off.   Okay. So that's all we really need to know about this one.   Roman Sterlingoffs have been cooling the seals in federal, you know, holding cell for 3 years.   They've been at this trial for at least a full year.   These defense lawyers went on a couple of podcasts and basically laid out the whole story, and it's sad and frightening all at the same time.   It   doesn't appear to me that Sterling off had a damn thing to do   with running   Bitcoin Fog nor the creation of Bitcoin Fog. It just looks to me like he was a user. But then again, I'm not knee deep in all the evidence, you know, among you know, in a room strewn with empty coffee cups and shit. I'm not there. So I really don't know. But according to the defense lawyers, and of course, they have dogs in that hunt,   this is just him being pilloried   in front of the whole world,   and there's no real proof. There's no real evidence that he had anything to do with it. And all the evidence from what the defense lawyers are saying comes from,   oh, that   analytics firm that,   Coinbase bought. I can't remember the name of it right now.  

Was was it Coinbase? I can't remember. But this is, like, some kind of Bitcoin analytics firm,   and they refuse   they refuse to show   anybody how their code   actually works. So it is a black box box mechanism whose output is being used   in federal court to pillory this poor guy. They're putting him on a freaking spear   and just letting him hang out there to dry   on evidence produced by a black box that nobody can see. Nobody has the ability to get in and look at the code. Nobody knows how it works, but yet its output is admissible in federal court as evidence against a United States citizen.   Or at least I get well, I I'm thinking he's a United States citizen. I'm not sure. They say he's, like, Russian and Swiss. I don't know where his actual nationality   is,   but it doesn't matter. He's a human being. He's a citizen of the world, and the United States is basically just using this black box produced evidence   as the word of God and   nobody   nobody has permission to see how the evidence was generated.  

How that's justice, I don't know. But I highly recommend everybody read,   the author's last name is Kafka, k k a   f k a, Kafka.   He wrote a book called The Trial. I highly recommend that everybody within reach of my voice reads The Trial from Kafka   because it's basically at this point, it's a mirror image of what what we're seeing in Western governments   and the judicial systems that lie there,   that lie within them. It's just it's amazing to watch this happen.   But the guy   is going to appeal.   I just it's just sad that we have to even be here.   You know, it's just   It makes me really sad it really does   but we'll move on. CoinShares   CoinShares   has snapped up Valkyrie funds   along with its Bitcoin ETF Matt D'Silvo. What the hell is going on with this from Decrypt?  

European fund manager, they're Europeans,   Coinshares has completed a full acquisition   of Valkyrie Funds LLC.   The European Investment Company, which specializes in digital assets, said in a Tuesday announcement that it had completed the move.   The acquisition also means that Coinshares has sponsor rights to Valkyrie's new Bitcoin exchange traded fund.   CoinShares CEO Jean Marie Mognetti   said that the move was yet another step in our growth strategy   with a special focus this time on the United States.   Jersey based CoinShares announced its plans to buy Valkyrie's ETF business back in November.   The Securities and Exchange Commission gave the green light to 11 spot Bitcoin ETFs back on January 11th,   allowing them to trade   1 of the Valkyrie Bitcoin Fund,   which trades on Nasdaq under the BRRRR   ticker.  

CoinShares will now have control of the product   as well as the firm's Bitcoin   miners ETF,   the ticker is WGMI,   and its Bitcoin and Ether strategy ETF, which is tickered as BTF,   as well as the Valkyrie Bitcoin Futures Leveraged Strategy ETF,   tickers BTFX.   With the move,   CoinShares is set to gain around $530,000,000   of assets under management across all four funds.   The BRRR   ETF is one of the smaller Bitcoin ETFs with a mere $297,300,000   in assets under management.   Compare this with BlackRock's Ishares Bitcoin Trust, which currently has over   $14,000,000,000.  

That's 1,000,000,000 with a b. But the most important thing here   is that the smaller funds, it's now starting to happen.   I told you that this was gonna happen. You're only going to end up with a very small amount of these actual Bitcoin spot ETFs that survive all this. And the bottom 5 are gonna get gobbled up, and this is one of the first instances of us watching   exactly what I told you was going to happen about 6 weeks ago   that this shit was not going to be   for everybody. It was gonna be for the top 4, maybe the top 5, and everything else was either going to evaporate or it was gonna get gobbled up by somebody else. But this time, it's a European   company that's gobbled up a United States Bitcoin focused cup or, well, actually, a financial   let's just call it a financial institution. Valkyrie is not all that big.  

But it is still a US company, and now it's been bought out by coinshares.   So, yeah, let that sink in. Now on to the last one for the first part of the show. Like I said, this is gonna be a quick show.   The United States government study concludes   no NFT specific legislation is needed. The current copyright laws   are adequate. This is CoinDesk, and it's written by Amtaj Singh.   The current intellectual property laws are adequate to deal with copyright   or concerns about copyright and trademark infringement associated with non fungible tokens or NFTs.   The, United States copy off copyright office has concluded. The study was requested by former Democratic senator from Vermont, Patrick Joseph Leahy, and Democratic senator from North Carolina,   Thom Tillis, back in June of 2022.  

The United States Patent Office and the Copyright Office conducted 3 public round tables and solicited comments from interested stakeholders.   The office found that most that most stakeholders   that the current laws were adequate even though trademark misappropriation and infringement are common on NFT platforms, quote.   The offices agree with these assessments and do not believe that changes to intellectual property laws   or to the office's registration and recordation   practices are necessary nor advisable at this time, the study concluded.   So there you go. We know that NFTs   are doing copyright infringement.  

So now that a major question has been answered by the United States copyright and patent offices,   guess what comes next?   NFT platforms are gonna start getting sued,   and they're also going to be probably brought under the guy well, under the direction of the Department of Justice brought to various   degrees of criminal court   at the federal court level for copyright and intellectual property infringement.   So what will Ooty do?   You know, what will all the ordinal guys do?   I that if this has been a question,   then   chances are very good that what has not been occurring is any kind of legal   action   on   what clearly is going to be several counts   of intellectual property,   abscondement,   patent violation,   copyright violation, you name it. I guarantee you it's all in ordinals and NFTs,   whether it's on Tron, Ethereum, Bitcoin.  

I it does not matter.   Right?   Now they're they won't be able to indite the systems,   but if they are going to start looking for people and if they can find them,   those people who have, in fact, infringed on infringed on any kind of copyright or patent or intellectual property,   they're going to be put up on   a stage   and they're going to be doused with gasoline   and they're going to be lit on fire.   That's if they can be found though, so keep that in mind.   Will it stop the bullshit? No. It will not stop.   In fact,   I actually expect to see an increase   of NFTs that specifically   hold   copyrightable   or patentable information   because that's the way the space works. It's just going to piss off a lot of nerds, and those nerds are going to figure out a way that they can't possibly be caught or at least they think that that is going to be the case. And they're going to start publishing NFTs   that are just flat out like Disney characters.  

Just to say, just a thumb there knows at the authorities.   You wait. It'll happen. But first, let's run the numbers.   CNBC Futures and Commodities. Oil looking good today. 2   and a half points to the upside for damn near both Brent Norsee and West Texas Intermediate. West Texas Intermediate trading   at $79.48   a barrel. Brent Norsee, 83.80   6. Natural gas is sucking swamp water as normal.   It's 2 points to the downside, a buck 68 per 1,000 cubic feet. We're talking about historic lows, guys.   Like, 1995   levels, like, the year 1995.   Yeah.  

We haven't seen prices on natural gas since back then.   Gasoline itself, however, getting into the spring summer driving season, I can tell because it is   up 2.76   percent to $2.65   a gallon.   All of the metal rocks are enjoying   a day in the sun.   Even Peter Schiff, he's up 0.74%.   Gold is standing at   $2,182.10.   Good for you, Pete. I I appreciate you being here. Silver is up 3.2%.   Platinum up almost 2. Copper is up over 3 points, and palladium is up 2 and a third point.   Ag mixed, fully mixed. The biggest loser today is gonna be, what, cotton.   Almost half a point to the downside. Biggest winner today is sugar, and it is up a half.  

Live cattle is up 0.85%.   Lean hogs are down a half. Feeder cattle are up 2 thirds of a point. The Dow is up a third of a point. The S and P is moving   completely sideways, 100% sideways today.   Nasdaq is down a half a point. The S and P Mini is up a half a point. And bonds, all their yields,   or, well, most of their yields are pushed up today. The 30 year is yielding 4.34%,   20 year 4.44%,   and the 10 year   4.18%.   Clark Moody's dashboard cap.   There   is $19,653,000,000,000   market cap. There's   19,653,167.99   BTC in existence   at this time.  

Hash rate over the last,   2016   blocks on average is looking to be wow. 598.4   exahashes per second.   Average fees are 0.36   BTC. The halving estimate has now been pushed up again.   We are now looking at an April 18,   2024   halving date, and the block space for the perpetual   taking out of the garbage that is ordinals and inscription stands   at 2.2.4   percent of block space. So every block that goes by, you can be assured that 2.4%   of that crap is wasted.   With probably patent infringement and copyright infringement, well, that'll be fun. That's gonna be a fun time when they start doing that crap. Alright. Now,   blocks. What's going on in MIM pools?  

182.   That's kinda low. Nice.   182 blocks carrying   a 124,000   unconfirmed transactions waiting to clear at high priority rates of 16 satoshas per vbyte. Nice.   Low priority cost 14.   Anything under 2.3   Satoshis per v byte are being purged from mempools around the world, and mempool dot space forward slash mining is flashing   606   exahashes   per second. So do with that what you will. From   episode 8 70,   Financial   weaponry.   Yeah. Episode 870 of the Bitcoin end podcast. I got a huge row of ducks   from   crazy 69 boosting   22,222.   Brother, you are the best podcast in the Bitcoin space. Thank you. Funny and informative.  

The artwork has been spectacular.   I try to make sure that I do artwork for every single show. I'm not all that good at it, but I do do it because I think it's important and I don't know why, but I think it's important to have fresh artwork for every single show. Letter 6173   with 10,000 in one sat says creepy   or he says creepy. I think he meant crazy. But creepy 69   makes good points as always. Your podcast is proving a much needed service.   That's high praise for for 2 for Wednesday. Nice, guys. Blogging Bitcoin with 5 ks says I'm making the switch from standard notes to Obsidian.   What's the best way to back up the notes?  

Is there a plugin to encrypt them or do I need to use PGP?   Alright.   Obsidian keeps all of the notes that you produce on your local machine.   If you want them encrypted, then you're probably gonna need to get a drive that has encryption on it and just use it for your Obsidian notes. That would be one way.   As far as internal encryption, dude, I don't know if Obsidian actually has that as a standard. You might look,   start getting really used to looking around for the Obsidian community plugins,   not the core plugins.   Right? Because they're they're those are the guys that actually built the software themselves.  

You're looking for community plugins, and understand   they are community plugins,   which means that some people build them better than others.   Always always make sure that you understand going into this stuff that things may not work. Your mileage may vary is what I'm saying. There may be   a an encryption plug in. I don't know. So go look. But you're looking for the community plug ins. There's a little gear, the bottom left hand side of your Obsidian screen.   Go there. Look for community plugins because that's basically the settings.   And then type in encryption   in the community plugins pane when it draw, when it pops up and and see if there's something out there. Report back. I'd like to know.  

Hold   on. Best way to back up notes. The best way that I found to back up notes is simply to have, like, every once in a while,   copy the entire file.   Because that's what it's doing. Obsidian, it's not it's nothing special. It's just markdown language.   So all of these little notes that you write are just dotmd files,   and they end up going into a file structure that you can easily find on your computer.   You know, Biden. You don't even have to use Obsidian to go find it. You just need the when you set up Obsidian,   you will tell it what the file location is and it keeps everything in that one file. Take that file, right click it or whatever however you get it done. Copy that file, like, I don't know, once a week, once every day, depends on what your paranoia level is, and copy it to another drive, and it will have everything in there. That's the that's the way that I do it. Alright. So blogging,   or no. De Bravo with 1640 says,   regarding us seeing people's intentions with capturing our life forces, quote,   there are 3 classes of people,   those who see,   those who see   when they are shown,   and those who do not see.  

That's a quote from Leonardo da Vinci. I try to move myself from the 3rd to the second class as often as possible   and have moved to the 1st class in some areas. This is good advice. It's very good advice.   With a 1,000? Some lady thanks for explaining   circle p once again.   Do you think   would be possible to pronounce? I don't know. I'm probably screwing it up right now. I would leave it at Aggie,   but then people   will call me some AI lady.   Thank you for the 1,000 sats. I appreciate it. 420 from Pies. Thank you, sir. No. Thank you.   404 from 02ZX   says,   my boost from red candle down was asking if nosterkind   3617   means that on average, there is more than 2 nosterkinds   per day being created.  

Not sure if that's the   not sure if that's right that there's over 3,000 nostril event kinds in around 4 years. If so, seems bullish for nostril, I may be wrong. Not important. Thanks for by trying to decipher it, my brother.   Yeah. You're welcome, dude. God's death with 337   says thank you, sir. No. Thank you. And that is the weather report.   Alright. Part 2 of the news you can use, Block starts shipping its Bitkey wallet.   Bad news is, from what I've heard, they only take cash for buying the Bitcoin, the Bitkey wallet. I I don't know what that's about. Somebody's gonna need to double check, but I've I've heard that they're only   accepting fiat cash for it, and you can't buy them Bitcoin. So so so if anybody can please confirm   or deny that, that would be appreciated.  

This is no BS Bitcoin.   Bitkey   is a self custody Bitcoin signing device produced by Block. It comes with an app, hardware, and recovery tools. The Bitkey wallet is officially out of preorders and is now shipping to your doorstep, announced Bitkey. Quote, as the team continues to build a better and safer way to self custody, we'd love to hear your thoughts   and feedback. Since launching preorders back in December,   the Bitkey team has been hard at work building additional features while putting the final touches on the Bitkey app available for download in the Apple App Store and Google Play Store.   So the Bitkey is now being shipped. If you have a preorder on Bitkey,   it should be in the mail   coming to you.  

Bill, again, if somebody can tell me whether or not it's true that they're only accepting fiat cash for the Bitkey, please tell me. Because if that's true,   that is a terrible look.   Honestly, are we not past this yet? I'm   serious. That seems like we should be past this.   And lnbits   is in the news. They're going now   hold on. If anybody's using lnbits, just let the whole thing roll   before you start jumping to conclusions. Okay?   LNbits   is going to disable its demo server for Casu extension   at the end of March, quote,   seems some are using our demo server to run production   e cache mints.  

Using someone else's demo server for a service   is   irresponsible   said the project   Benarc reached out to clarify that the announcement was about disabling   Cashew   on LNbit's   demo server,   not disabling   the extension in general   We will disable the Casu extension by the end of March, please move.   Our demo server is just for testing.   Please don't use it for production services.   For for anybody   that   thinks that that's a cool thing to do.   You're wrong.   You don't use even if you don't even if you own the server itself and it's your property,   but it's a testing server and you're you start running, like, production level shit for other people   on your testing server?  

Dude, you're doing it wrong.   Stop doing that.   If you're one of the people that's using lnbits   and their cashew extension,   please stop because they're going to stop it for you. So you might as well just quit now and go figure out something else to do.   I laughed my ass off when I read this one. Again. Okay. So   again, no bullshit. Bitcoin or as aka no b s bitcoin.com.   BISC version oh, BISC 2   version 0.0.7   test release.   BISC 2   is the successor   to the original BISC version 1. It's been developed from the ground up to allow for multiple trade protocols to be accessed via a single   Feel free to check out what Bisk 2 will look like at launch.  

So Bisk,   if you're if you're wondering, Bisk is a way to get non KYC Bitcoin   in a peer to peer fashion.   I have not actually tried it.   It it is the case that,   some of my stack is KYC Bitcoin.   I'm not going to lose sleep over it. I'm just not. I don't have time. I've got better things to do. And honestly,   there's a whole bunch of people with a shit ton more KYC Bitcoin stack than I got. They will probably be the first on the list for assassination and not me in either event.   I I just don't feel the need to to light myself on fire and run around in the street at you know, telling people that the world is coming down around my ears. I'm just not going to do it. Again, I don't have time. I got I got better things to dream about than that kind of crap.   Alright. So last up for the day. Told you it was gonna be short.  

Van Eck cuts Bitcoin ETF fee to 0 in a bid to attract inflows.   Van Eck will temporarily cut the management fee, temporarily cut it 20   for its spot Bitcoin exchange traded fund,   HODL, that's the ticker, as it as as its assets are well below some of its competitors' reported CoinDesk. So here comes the competition.   Quote, because we believe in Bitcoin so much,   you can invest in VanEck,   Bitcoin Trust with no fees until March 31, 2025,   announced the company. During the period commencing   on March 12, 2024   and ending   March 31, 2025,   the sponsor will waive the entire sponsor fee for the first one point five   $1,000,000,000 of the trust's assets.  

If the trust assets exceeds 1,500,000,000   prior to March 31,   2025, the sponsor fee charged on assets over 1,500,000,000   will be 0.2%.   All investors will incur the same sponsor fee, which is the weighted average of those fee rates. After March 31,   2025,   the sponsor fees will be 0.2%.   Following the announcement, VanEck's ETF   saw record inflows. Per Bloomberg's Eric Balchunas,   the flows are below.   And there there's just a graph here.   Van Eck is one of the 2 asset managers that diverts a fraction of their Bitcoin spot ETF   profits to open source Bitcoin developers. So if you want   to do an ETF, if if for whatever reason you're in a position where you kinda have to,   either it's gonna be please either choose Bitwise   or the VanEck one. Although, I would preferentially go to Bitwise because it's all about Bitcoin. It's really all about Bitcoin developers, and then Van Eck is more about   crypto.  

So I would definitely go with the Bitwise one. But what's the the important part here is the fact that they had to cut   their fees   because they weren't they just weren't attracting enough attention.   And if you think it's going to stop here, you are just whistling Dixie because it ain't gonna stop here. It's going to be a fee battle for the entire year.   We'll have to wait 365   days from now to see who comes out on top. Alright. That's gonna do it for the news. I'm actually just gonna go ahead and end the show 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.