Join me today for Episode 913 of Bitcoin And . . .
Topics for today:
- We Have to Become Julian Assange
- ETFs Will be the Shitcoin Filter
- Coinbase Sues SEC, FDIC Again
- Coordinated Attack on BTC Price
- EFF Passphrase Utility Released
#Bitcoin #BitcoinAnd
Circle P:
https://primal.net/p/npub1zaza8djf4usave5w2jc2374ymytcgk63cddju3fwe8t787h395ususgvvm
nostr handle: @Oak Grove
Product: Black Soldier Fly Larvae
Location: DFW area
Black Soldier Fly Episode: https://fountain.fm/episode/hbzBxeQmdPY3HFvIx1Fe
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Articles:
https://cointelegraph.com/news/vaneck-solana-etf-filing-united-states
https://bitcoinmagazine.com/business/crypto-exchange-coinbase-sues-sec-fdic-alleging-regulatory-overreach
https://bitcoinmagazine.com/business/us-government-moves-millions-in-bitcoin-to-coinbase
https://primal.net/e/note1ssqly07ez9zxg07xm58d064cpkha72ncmte5q4aws4vea2vm9xkse5yp74
- 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://primal.net/e/note1k25kl6hj5el0zfssh6dyswjnq8vjnmsdwcrjgj0rk9tr2t7c4fasssuxjr
https://www.coindesk.com/business/2024/06/27/julian-assange-received-500k-bitcoin-donation-from-anonymous-bitcoin-whale/
https://www.eff.org/dice
https://cointelegraph.com/news/marathon-digital-mine-16m-kaspa-tokens-diversify-bitcoin
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[00:00:00]
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Good morning. This is David Bennett, and this is Bitcoin and, a podcast where I try to find the edge effect between the worlds of Bitcoin, gaming, permaculture, podcasting, and education to gain a better understanding of all. Edge effect is a concept from ecology describing a greater diversity of life where the edges of 2 systems overlap. While species from either system can be found at the edge, it is important to note there are species in the overlap that exist in neither system, and that is what I seek to uncover. Uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems. It is 9:15 no. 8:15 AM Pacific Daylight Time. It is the 27th day of June 2024.
This is episode 913 of Bitcoin, and the Circle p is open for business. And today's vendor is Dubravco, also known as Oak Grove. You can find him over on Noster at oak, like the tree, grove, like a couple of more more than a few trees. Right? Oak Grove. He sells black soldier fly larvae. And if you don't know what black soldier fly larvae is, you know, I I I think I did a show. Hold on for a sec. Come to think of it, let's see here. Let me see if I can't find that show. I should have had that thing up here. Let's see. Black soldier fly.
Black soldier fly. That's not gonna do it for me. Okay. I'm not gonna be able to find it. Next time I do DeBravco, I'll I will give you the show. But I did an entire like an entire half, if not a full show, on the benefits of having black soldier fly. But suffice it to say, you can unleash the power of nature with Oak Grove's premium black soldier fly larvae, Perfect for composting, feeding fish, or livestock, these larvae are a natural wonder. They're sustainable, nutritious, not not for you. Don't eat black soldier fly. Feed these things to the food that you then eat. Okay? Don't don't eat black so Don't eat bugs, please. It's not good for you. It's just it's not.
But they are sustainable. They are nutritious for animals, and they are ready to ship. Transform your approach to an eco friendly solution today. Order now and see the difference with Oakgroves Larva, Nature's Tiny Giants at your service. And they will. I mean, they're they're they're tiny giants. They will swarm over leftover food, whether it's meat, fish, you know, like any, like, a salad leftover salad, vegetable. It doesn't matter. Animal, vegetable, fat, they'll eat the fat. You can't put meat and bone and fat and stuff like that into a compost pile and expect good results, but you can start a black soldier fly bin and feed all of your leftover food.
I've even thrown lawn clippings in that thing. You like, if you've got rabbits, throw the throw your rabbit pellets in there like their their poop. Right? Throw their poop in there. And this thing these things will convert this all into this black gold that you can then, after they're done processing, you can put it into your garden. You can extract the liquid that comes off of it and mix it with water. It's a fly repellent like for not black soldier fly repellent but like house flies. Don't spray it inside your house but like if you've got like one day I did an experiment I took some of the juice that comes out of and it's essentially their pee I mean, let's let's be honest about it. But I mixed it, like, 1 to 10 with water, like, 10 parts water, 1 part black soldier fly juice, and strained it and then put it into, like, a a pesticide herbicide sprayer. And then I went out to my alley, and I had a a dumpster that was just, you know, dumpsters after they get really, you know, used a lot, they collect flies especially in the summertime.
I sprayed the inside of that thing down and the outside of that thing down with this stuff and the next day weren't no flies around that dumpster. It's it's actually amazing. It also can be used as like a soak or a drench around your, garden. I would not spray it on fruits and vegetables, like so. I I would keep the foliar application to a dead minimum, if at all, but you can soak it into the ground and it it does amazing things for your garden. So hit up Oak Grove, Circle Pea's vendor of the day. He's in the Dallas Fort Worth area, and you'll hear from, Oak Grove a little bit later on today when we do the donation section. Now, onto the news and I'm gonna start with something that nobody's gonna like. Because it it brings up a point that I wanna make.
This is out of, Cointelegraph Helen Parts is writing Bitcoin ETF issuer Van Eck has filed for a Solana ETF in the US. Now before you start throwing rocks and shit at me, hold on. I'm I'm I'm coming to a point. But let's figure out what the hell is going on first. Matthew Siegel, head of digital asset research at Van Eck, took to Twitter on June 27th to announce that the firm has filed for a Solana ETF with the United States Securities and Exchange Commission. The new fund, called the VanEck Solana Trust, aims to capitalize on Solana's decentralized nature, high utility, and economic feasibility, Siegel said.
According to the executive, the trust is the first filing for a Solana ETF in the United States. In a post, Siegel provided a few remarks on why the company believes SOL, s o l, is a commodity. He wrote, we believe that the native token SOL functions similarly to other digital commodities such as Bitcoin and Ether. It is utilized to pay for transaction fees and computational services on the blockchain. Like ether on the Ethereum network, SOL can be traded on digital asset platforms or used in peer to peer transactions. In the filing with the SEC, VANEX specified that the VANEX Solana Trust is expected to be listed on the CBOE BZX Exchange should it be approved by the SEC.
The VanEck Solana Trust Investment objective is to reflect the performance of the price of the Solana cryptocurrency, excluding the expenses of operations of the trust. The filing states that the trust will value its shares daily using the Market Vector Solana Benchmark Rate Index. This index is calculated based on prices provided by trading platforms that Market Vector considers, well, I just lost my place. Market Vector considers the top five SOL trading platforms. He determined by the industry leading CC Data centralized exchange benchmark review report. Okay. So that's the oracle.
That's that's all they really had to say. It was they're going to use this as an oracle. Whatever. VanEck Solana ETF filing comes shortly after the United States SEC approved the launch of a spot ether ETF in the United States on May 23, 2024. The approval ended long running arguments about the status of ETH cryptocurrency greenlighting it as a commodity rather than a security. It's a security, ladies and gentlemen, but whatever. Subsequently, the SEC reportedly dropped an investigation into whether ether is a security on June the 19th, probably because they got bribed. But so you're asking, and I rightly so, why the hell am I talking about a shit coin? It dawned on me when this news broke. And, I mean, it's not really I don't think it's earth shattering. This is there's gonna be more of this. And this is the whole reason why I brought it to you. Is that this is going to be the you know, they talk about humane the the great filter of the universe.
There's a question that goes on about why haven't we discovered other life in the universe and people talk about this thing called the great filter And that we haven't discovered any other intelligent life or no no other intelligent life has discovered us because the chances of survivability to the point where you can start communicating at long distances or traveling extremely long distances to other civilizations is hindered by this great filter and you like you either blow yourself up before you get there. You have, like, some kind of catastrophe.
There's all manner of stuff that that takes part of this great filter. I think that what's going on here is that these ETFs are going to act as the great filter to the shitcoin space. Right? Only a few of the shit coins like Sol and ether and the rest of this garbage that we have to contend with on a daily basis is going to actually make it through to have to survivability. And I think that these things shouldn't survive. I think it's a they're they're a massive waste of time. They don't do anything that Bitcoin either doesn't do already or can't do in the future. It doesn't for me, it doesn't matter. But this is going to be the selection process moving forward for all of the Shitcoins. So we have like what? 10,000 Shitcoins?
Only a handful are going to survive and their survivability signal to the market will be whether or not they're picked up as some kind of ETF by some company like Van Eck or BlackRock or the rest of What effect will it have? Lots of shit coins are finally going to die. That is the only good thing about this. It's going to act as a great filter. We're not going to have to contend very much longer with the absolute field of shit coins that we have today. But we're still gonna have to contend with ether, Solana, and these maybe top 25, maybe top 50. Right? And all the rest of them will die out because this is the signal to the market of what's going to have traction and what's not going to have traction.
So start looking to see who is going to be named for an ETF next. And that that way, you we won't have to worry about the people who are not named. All we'll have to worry about is everything that has an ETF that is not actual Bitcoin. So that's why I wanted to bring you this a lot of news. Now Coinbase is suing the SEC again. That's right. Not only the SEC, but they're also suing the FDIC, and they're alleging regulatory overreach again. But this is brand new. Vivek Sin is writing about it for Bitcoin Magazine. Coinbase has filed lawsuits against the SEC and the Federal Deposit Insurance Corporation, the FDIC, you accusing the agencies of trying to cripple the crypto industry. The lawsuits filed on June 27th in Washington DC District Court alleged the SEC and the FDIC failed to comply with Coinbase's Freedom of Information Act requests.
Coinbase says this information could shed light on coordinated efforts by regulators to restrict crypto's access to banking services. In its complaints, Coinbase asserts that federal regulators are deliberately campaigning to cut Bitcoin and crypto companies off from the banking system. This represents an existential threat to the industry by choking off vital financial lifelines. Coinbase points to regulators pressuring banks to deny accounts and services to Bitcoin and crypto firms. It likens this to Operation Chokepoint, an Obama era initiative discouraging banks from working with certain high risk sectors like pornography and, you know, firearms.
God forbid. The exchange argues regulators are violating transparency laws to hide the full scope of their crypto crackdown. Coinbase aims to expose the regulatory overreach it says far exceeds agencies mandates. However, legal experts caution that FOIA lawsuits face an uphill battle given agencies broad discretion over disclosure exemptions. Proving malicious intent by regulators could also prove difficult. Nonetheless, the case represents Coinbase's latest pushback against regulators like the SEC with whom it is already locked in multiple legal battles. The exchange is defending the bitcoin and crypto industry against regulatory hostile threatening its viability. Coinbase's accusations resonate with bitcoin and crypto proponents who believe regulators are abusing their powers to deliberately slow technological advancements. Okay. Well, that's that's all that's all well and good.
Even though I am not a fan of Coinbase by any stretch of the imagination, good. I'm glad that they're suing the living crap out of the SEC and the FDIC because this is just it's it's just ridiculous that that they won't honor freedom of information request on something like what their stance on whether or not, you know, something is a commodity or if something is a security. They also don't want to be transparent about are they really telling banks to not do business with crypto industry, you know, people, you know, like, they don't, like, not allowing, you know, I don't know. Bull Bull Bitcoin is a Canadian company, but I don't know, like, Marathon Digital, you know, is it possible that they're they're, you know, having problems with banking issues because they're a crypto miner, and we'll hear more about Marathon here in a second.
I promise, it's bad, but whatever. Good. I did keep the pressure on these guys. Their lawyers need something to do because, God forbid, our taxes are paying for it anyway. Now staying with Coinbase, we've had some some some interesting developments over the past week, starting last Friday, in fact, with the German government, but this is the United States government moving 1,000,000 of bit or 1,000,000 of dollars worth of Bitcoin to Coinbase. This is also Bitcoin Magazine Vexent is writing on June 26th. The United States government sent 3,940 Bitcoin to Coinbase Prime, Coinbase's institutional trading platform.
Blockchain analytics firm ARKIN Intelligence flagged the transaction. The transferred Bitcoin was originally confiscated from convicted drug trafficker, Banmeet Singh, earlier in 2024. Singh was arrested in London in 2019 on 1,100 Bitcoin worth around $150,000,000 at the time to 1,100 Bitcoin worth around $150,000,000 at the time to U. S. Authorities. While the recent transfer of nearly 4,000 Bitcoin is substantial, it represents just a fraction of the government's total Bitcoin holdings. Data shows the US government currently possessing around 214 1,000 Bitcoin worth over $13,000,000,000, billion with a b, making it the largest national holder of Bitcoin globally.
Much of the government's Bitcoin comes from seizures related to the shuttered dark web marketplace Silk Road. The infamous Bitfinex hack of 2016 also contributed to the stash. The transfer of Coinbase to Coinbase signals that the government may be looking to sell some of its long dormant Bitcoin reserves. This adds to fears of price impact similar to the recent German sell off, which we will also talk about a little bit. However, the amount moved so far is relatively minor compared to daily Bitcoin trading volumes. The United States government still holds the vast majority of its seized Bitcoin now worth 1,000,000,000 more due to Bitcoin's meteoric price rise.
Yeah. Then why does it feel so damn stagnant? Okay. So I talked on Tuesday about this about this German thing. But when you start adding things up, we start having another question. And the answer to the question before I ask it is yes. It's coordinated. But they only get to do this one time. What am I referring to? Well, I'm watching multiple governments sell off their future existence. It's hard to watch, but it is ultimately rewarding. Have fun staying poor. Now I that was an Nostra note that I sent. When did I send that? Let me see if I can even get a date stamp on that. Wednesday. I sent it yesterday. And here's the thing is that I I included a picture from Travis Kling over on Dead Birdside.
And it he says, quote, all at the same time, United States selling seized Silk Road Bitcoin. United States government seized Bandmeet Singh BTC. German government selling seized movie2k BTC. And Mt. Gox distributing BTC after a decade. Interesting. Okay. So, there's the old saying that we should always remember, but not, you know, we probably shouldn't just blindly follow the following statement. Causation doesn't necessarily mean correlation or vice versa, honestly. I mean, just because something is correlated doesn't mean that that's the cause. But I can't get this out of my head That, you know, like it's it's almost as if they were that the government's governments of the United States and Germany were waiting on the Mt. Gox trustee to signal when they were going to start distributing the Mt. Gox coin so they could add insult to injury and start piling on to try to get this pressure down. But here's the deal. There's only so much bitcoin that the German government and the United States government has.
And I'm not saying that they can't depress the price very severely. They can. But they can really only do this once. If they wanna go full more and just start mark you know, just continuously market sell, at one point or another, they're gonna run out of the coin unless they see some more, which is always possible. My point being, after after a while, they're just not going to be able to do things like this. And we won't have to worry about these morons ever again. But for right now, we definitely do have to worry about these assholes because they are putting pressure on the price. It is happening.
Should we like? And I get it. You're like 1 Bitcoin equals 1 Bitcoin. Yeah. I understand that, dude. I definitely understand that. But we've got to get out of this place. We we have been knocking around the 57,000 to 72,000 range for so long. Well, actually, for a few months. It would be better to escape to the upside and have some kind of blue sky ahead of us than to sit around rattling around this god awful place. And as much as I love all of the 58 ks gang crew, I'm sick of it. I'm sick of 58 ks gang. I can't help it. I mean, that's like I love Greg Zarge. I love all the dudes. I love yellow. I love all of them. But collectively, the the peeping, the crying, the, the, the nonsensical need for us to stay at 58 k forever and ever and ever is just honestly, I'm so sick of it.
But we have numbers to run. Welcome to part 2 of the news you can use. Actually, no. This is CNBC, Futures and Commodities. Fooled you. Oil is up 1.15 percent for West Texas Intermediate. It's chilling out at $81.83. Nice. Brent Norsee is above 85 after a 1.17% move to the upside, 86.25. Natural gas is down a 5th of a point to $2.74 per 1,000. And gasoline itself is up a half point to $2.55 a gallon. Metals are mixed. Gold is doing relatively well today. It's up over a point to $2,339. Silver is up a quarter of a point. Platinum is down 3 points. Copper is down 0.73%, and palladium is up a half.
Ag is pretty fairly mixed. Biggest winner today is gonna be sugar. 4 a half percent to the upside. Biggest loser is chocolate, down 2 a third. Lean cattle are up 0.05%. Lean hogs are down a third. Feeder cattle are up 0.16%. The indices of the legacy financial are also mixed. Dow is up 0.16%. S and P is down scant. NASDAQ is up scant, and the S and P mini is down scant. Everything seems to be moving sideways, which probably means that we're waiting on numbers. I don't know. That just seems to be the signal that I get out of it. Clark Moody dashboard is flashing $61,500. That is a $1,211,000,000,000 market cap.
We can get 26.6 ounces of shiny metal rocks with our 1 Bitcoin of which there are 19,000,000,717,602 and a third of. And average fees are still low. 0.15 BTC taken in fees per block on average. And speaking of blocks, let's get the block information. I'm looking at a 191 blocks carrying 227 1,000 transactions waiting to clear at high priority rates of single satoshis per v byte. 9, in fact. Low priority is 9 Satoshis per for per v byte as well, and anything under 4.36 Satoshis per v byte is being purged from impulse around the world. Hash rate is flashing low, 523.4 exahashes per second, if you follow that sort of thing. Now on to the donation section, free Assange. That was, Bitcoin and episode 912.
Excuse me. Henry gqj boosted 15,000 sats. Dude, thank you, brother. Always appreciate your time and effort even when I am too skint to boost. Blogging bitcoin with a 1000 says, bitcarrot writes awesome code. One day on bitcarrots Github I saw a monthly sponsor link and thought about using it. Then it hit me. I don't need to because I can zap this shadowy supercoder some sats every month instead. Please zap bitcarrot using the link below. We need more people supporting awesome devs. And he does give the link. God's Death with 5:37 says, thank you, sir. No. Thank you. Pies with 420 says, thank you, sir. No. Thank you. Wartime with 333 says cheers.
Henry GQJ comes back with another 200 sats and says nothing. Dubravco, a 100 sats says, Assange's release gave me the gut reaction that someone wants him free long enough for most people to forget about him. Should take a couple of months so that he can get murked. You know what that means. If you don't, I'll say it after I finish. Also, no flying him and making him charter is such a dick move unless the airlines just decided not to take on the risk. That's there's no risk for the airlines to to fly Assange. I mean, there's just not.
The the whole move of forcing him to fly private at a cost of $520,000, which is ridiculous. There's I mean, you'd have to fly around the world to even come close to these kind of costs. And and who's they must have picked him the most expensive, jet chartering place on the face of the planet. Okay. So so, Dubravko is saying that he can get merc'd mercenary. It's talking about getting him assassinated. It could happen. I don't think, I think Dubravka is also right. He's probably not. He's probably gonna fall off the face of the planet. And for some reason, I'm already starting to get Mandela effect vibes.
I can't really put my finger on why, but something about this entire thing has given me Mandela effect vibes. Just, I, again, don't know why. Pies with a 100 says, I would be of I would have fucked up that dog or the woman's husband. Someone got to get someone would have got a beat down for messing with my dog. Wartime said, reply steel toe boots for the wind. Pye says, laugh my ass off. Yes, sir. Wear them every work day. Okay. Here's the thing about that. When things are happening in the heat of the moment, you're not you're you're it's like a lizard brain stem takes over, right? You're not thinking about what you should do, you're thinking about what you have to do.
You you just like literally get get my little dog so that he's not going to die. Right? The fact that the dog ran off and I had to go get him kind of precluded me having any kind of discussions with this woman or her dog. Alright? So, but that's the whole point. We always think about what we should have done later because when you're in the heat of that moment, you're not thinking straight. Other parts of your brain have completely taken physiological control. And usually that's the lizard brain, right? And there was no husband there. It was just this chicken and her dog. By the time I got back, she was already gone. I you know, the whole thing was the whole thing was a mess. DeBravco with a 100 says, first, also, I would like to test black soldier fly larvae shipping in hotter weather.
I have another batch for another person looking towards the future. So again, Jabravco, also known as Oak Grove on Noster, which is where you're gonna have to go if you wanna order some black soldier fly and get your black soldier fly bin started. And Dubravco may help you with that, like, you know, give you give you some pointers as to what you need. Make sure that you tell him that you heard about him on the Bitcoin and podcast, and he will show, he will shoot me some satoshis. Alright. Let's see. Is that it? Yep. I do believe that is the weather report. Welcome to part 2 of the news you can use.
Remember I was telling you about, Mandela effect vibes that I was getting out of Julian Assange. Well, Stella Assange, his wife, posted something, some quotes from the judge, the sentencing judge, that he had to fly to Saipan to go see or was either Saipan or like Mariposa. I one of the one of the, like, United States territories that's out there in the South Pacific. But she's got a couple of quotes from the judge as Julien was standing before the judge, and I find these interesting. You stand before me to be sentenced in this criminal action, Judge Manglana says, I would note the following, timing matters.
If this case was brought before me sometime near 2012 without the benefit of what I know now, that you served a period of imprisonment in apparently one of the harshest facilities in the United Kingdom. 2, the second there's the second, tweet. There's another significant fact. The government has indicated there is no personal victim here. That tells me the dissemination of this information did not result in any known physical injury. These two facts are very relevant. I would say if this was still unknown and closer to 2012, I would not be so inclined to accept the plea agreement before me.
But it's the year 2024. Wow. This is all I'm gonna say. And then Stella comes back and she says, in her own words, this is Stella talking. She also has to consider the case of 7 year imprisonment of Chelsea Manning. It appears your 62 months was fair and reasonable and proportionate to miss Manning's actual prison time. Then she also acknowledged Assange's 14 year ordeal. Quote from the judge, it appears this case ends with me here in Saipan. With this pronouncement, it appears you will be able to walk out of this courtroom a free man. I hope there will be some peace restored.
So this is kinda what I'm thinking about this. I think this judge was trying to say, I know you got screwed. You know you got screwed. Everyone in this court knows you got screwed. The media knows you got screwed. And the whole world knows you got screwed. I can only hope you forgive us for destroying your life. That's what I was getting out of this judge. I think that this judge, in in in no uncertain terms, was disgusted with the way this man has been treated for damn near a decade and a half. And that, thankfully, it was her that was chilling out in the judge's stand, you know, making sure that this thing was gonna fly right.
Julian Assange is now at home in Australia. Do not expect him to make any public appearances. Do not expect him to go back to work at WikiLeaks. Do not expect him to do any of the things that he has been doing or was doing before they absconded with his life, liberty, and pursuit of happiness. Basically made him whole up in the Ecuadorian embassy and then in Belmarsh prison for the last 5 years. This whole thing is ridiculous. But I really think it's important that we have a a great deal of respect for what we've seen occur here. Not that he got free, but the fact that his ordeal is the kind of ordeal that will that will crush most mortal humans.
Right? A lot of people would have just given up hope completely. And this is what I I hope we see this for Ross Ulbricht. I really do. Do I expect it? I I don't know. I'm at this point, anything's possible. Because, you know, if they released Julian Assange, then anything's possible. But there's something funny about there's something in my gut. I got a gut feeling about this. Something is very weird, not just about the timing of the release, the fact that there was almost no warning. I mean, you would I would have thought that there would be much more signaling going on in the media before this event actually transpired to prepare the world.
You know, I mean, it's it it seems odd that this just got ninja launched on us. That's what it feels like. It feels like his freedom getting on that plane, going to Saipan, and then going down to Australia to hopefully live out a peaceful life just got ninja launched. But I don't even if it did, even if that really is the truth, I I I have no idea why. Still, it would be, I think it would be helpful for Julian Assange for us to do 2 things. 1, do not rely on him or ask him to do the things that he used to do. Do not expect this of this man. I do not think he is in any mental position to engage in these kind of activities at least for a year if for the rest of his life.
2nd, why do we have to rely on Julian Assange to do these things? Honestly, why why just rely on things like WikiLeaks? I mean, you know, we do have Nostr. Nostr does have relays. We don't even have to reconfigure anything. We can just use this organic structure that we see being built in front of us. Like d tan, dotxyz. Okay. Dtan. It yeah. I talked about it before a while back. Nobody's really talking about it now, but I went back to it. It it's it's essentially like a torrent. It's like a torrent website, but it's based it's you know, you can log in with your nostril credentials.
And I'm thinking, okay. Well, how about we decentralize we could decentralize something like WikiLeaks. Or that way, the repository of information that gets dumped on WikiLeaks could be dumped on Nostril relays. And those relays would be, you know, pingable and searchable. And you could, like, plebs, just like us, could go read through them and take on the mantle of what it is that Julian Assange had to do. And that way, there's no central target. And if you're, you know, if we're really good with our anonymity, if we're really if we get really good in practice, we could spin up like we we could literally spin up, brand new in pubs and insects and figure out a way to get the information out to the public that way with without exposing ourselves to losing life, limb, and property.
I'm just saying we have the technology. We can we can apply it. We can leverage Noster. We can leverage ourselves. We're not dumb. We can read through, you know, through like, you know, 10,000 things of of paperwork that's dumped by some kind of government instead of relying on people like Julian Assange to do it. That's that's what I'm saying. Is that maybe it should maybe this should be the mantle that we all take up and not just leave it for Julian or Stella Assange or somebody else. It's this this affects all of us. Maybe we should all be involved. Now staying with the Julian Assange story, remember I told you that he'd have, like, a $520,000 plane bill because they wouldn't allow him to fly commercial?
Well, it appears that Julian Assange has received $500,000 in a Bitcoin donation from some anonymous whale, CoinDesk. Oliver Knight is telling us about it. WikiLeaks cofounder Julian Assange earlier this week received a donation of 8.07 bitcoin from 1 entity, helping to cover the cost of a private jet that flew him out of the UK and ultimately to freedom in Australia after reaching a plea deal with the United States Department of Justice. Initially, Assange's wife Stella made it an emergency appeal to raise £520,000, British Sterling, to pay for the transport setting up a crowd funding page that allowed people to donate in fiat currency via credit card or bank transfer.
With that site notably not allowing crypto for donations, the family quickly moved to set up another page to accept Bitcoin. Up to this point, the Bitcoin address has received 34 donations totaling just over $500,000 US. The overwhelming majority however came from just that one 8.07 BTC donation. The original Fiat site has also received about $500,000 worth in donations. Quote, Julian's travel to freedom comes at a massive cost. We will owe $520,000, which he is obligated to pay back to the Australian government for the charter flight v j 199, Stella Assange wrote on Twitter. He was not permitted to fly commercial airlines or routes to Saipan and onward to Australia.
Any contribution, big or small, is much appreciated. The jet was organized by the Australian government. After Assange reached a historic plea deal on Tuesday where he pleaded guilty to espionage charges in exchange for his freedom. Bitcoin and Assange, of course, have a long history together with WikiLeaks more than 10 years ago surviving on Bitcoin after the site was cut off from traditional banking rails. In a 2014 interview, Assange said that WikiLeaks and Bitcoin kept one another alive. So he's already I mean, within a day, more than enough money to cover the plane cost that was arranged by his own government, and his own government stuck him with the bill.
So here's my question. Who was it that did not allow him to fly commercial? Was it the United States Department of Justice? Was it the Australian government? Was it both of them? Who did not allow Julian Assange to fly home on a commercial jet instead of having to charter one of the most expensive plane rides I've ever witnessed. Again, I will go to my grave saying that $520,000 to take a private jet from the UK to Saipan and then down to Australia should not cost $520,000. That's bullshit. But we've got bigger fish to fry. Completely switching gears, the eff.org, Electronic Frontiers Foundation, I believe, has put up this little I don't know. Well, we'll just read it. I'll just read it to you. EFF dice generated passphrases.
Create strong passphrases with EFS new random number generators. This page includes information about passwords, different word lists, and EFF's suggested method for passphrase generation. Use the directions below with any set of dice. And now a message from our internationally renowned security technologist, author, and EFF board member, Bruce Schneier, which is an I just read you a native ad. I didn't mean to do that, but here it is. So first of all, I'm gonna actually skip the directions first and go into what what are we talking about here?
So, why use a passphrase? The word passphrase is used to convey the idea that a password, which is a single word, is far too short to protect you and that using a longer phrase is much, much better. The increased length can allow for a greater number of possibilities overall even if you use a passphrase made of random words to help you remember it. Passphrases made from randomly chosen words can be both easy to remember and hard for someone else to guess, which is what we want out of a passphrase. While the e f f random number generators are not casino grade dice, we believe that they are sufficiently random for these purposes.
Computers are now fast enough to quickly guess passwords shorter than 10 or so characters and sometimes quite a few more. That means short passwords of any kind, even totally random ones like and then there's just a bunch of gibberish here, may be too weak, especially for settings where an attacker is able to quickly try an unlimited number of guesses. This is not necessarily true for an online account where the speed and quantity of guesses will be limited, but it could be true in other cases. Instance, if someone gets a hold of your device and is trying to crack its encryption password. Okay. So that's what we're talking about here, is that there's a couple of things.
Instead of a password, use a whole passphrase. But the danger in doing that is forgetting what the hell your passphrase is. You know, you want to be able to just remember these things. So, they've these guys have come up with what I think is a really interesting way to go about doing this. So, here's the directions. Roll 5 dice at once. Note the faces that come up without looking at the word list yet. Step 2. Your results might look like reading this from left to right. 4, 3, 4, 6, 3. Write those numbers down. Step 3.
Open eff's long word list dot txt and they give you a link. That that that whole thing is a link right here. This is the first word in your passphrase, so write it down. Repeat steps 1-four 5 more times to come up with a total of 6 words. When you're done, your passphrase may look something like this: panoramic nectar pre cut smith banana handclap. Step 6. Come up with your own mnemonic to remember your phrase. It might be a story, a scenario, or a sentence that you will be able to remember and that can remind you of the particular words you chose in order. For example, given that same passphrase that was generated, panoramic, nectar, pre cut, smith, banana, hand clap, here is the sentence that might remind you of that.
Or that you could easily remember. The panoramic view as I tasted 2 to the 77th alternatives that could have been 2 to the 77th alternatives that could have been chosen by this method. With so many possibilities, this passphrase will be very hard to guess by brute force. So, that's I mean, it's what I what I like about this is the fact that you can just go get a random set of dice. Go get, like, a set of Hoyle dice, for, like, from Walmart. They're, you know, probably over there in the sporting goods section. Look for playing cards, and you'll find dice right next to them. Right?
And then you can use this huge list that has already been correlated with the numbers like that you would that you would actually get on a 6, you know, or 5, dice roll. The real trick comes in being able to remember it because honestly, honestly, panoramic nectar precut smith banana handclap, even the sentence they gave is really hard. But you could keep rolling. Right? You could keep rolling until you do come up with a set of words that you're like, that actually almost makes sense. Maybe it's a context in something, you know, in your past. It there's all manner stuff, but even I'm using path like whole passphrases and a password for my passwords for things like, you know, like, online banking or whatever like that. Right? And it ends up being really long and it's really something that's easy for me to remember.
It's and I I didn't do it this way, but this is a good way to do it. So you might want to consider using a passphrase instead of passwords as we move forward in this new world, considering that everybody's getting hacked. The the yesterday, the or the day before, I can't remember when, it was very recent. Recent. The last 48, 72 hour stops. It turns out that whoever was doing the, taking information people's information for their identity for people like, Twitter, yeah, they got hacked. So all of the information that was taken by what whatever information you gave x is now or Twitter or whatever, is now in the hands of whoever hacked the 3rd party vendor that Twitter was using to take down the information.
You've got a massive hack going on with health like, some health providers. I can't remember the name health trust. I can't remember the name of the health provider. But all that information and we're talking, like, a 100,000,000 people, 200,000,000 records, or something like that. It's it's not just a few million. It's, like, the vast majority of all the people that have health care in the United States. All of their information, Social Security numbers, where they live, who they work for, what they get paid probably, It's all gone. It's all it's well, not gone. It's all in the wind.
Right? We can't trust anybody with anything at all. We have to take manners matters into our own hand. Now changing gears one more time for the last bit of the show. Marathon Digital Mining has mined $16,000,000 in Kaspa, k a s p a, to diversify from Bitcoin. This is Braden Lindria telling us about it from Cointelegraph. And I just wanna say upfront before we do this, you should not trust Marathon. MARA is their ticker symbol on what Nasdaq or where wherever it is that they're trading. If you hold them, I short them. This is not investment advice. But get I mean, I wouldn't have anything to do at all forever and a day with Marathon Mining.
None of the these are the people that use white listed addresses. If if they come up with a blacklist address, they will not mind that shit. They've they've been talking about ESG crap ever since their inception. It wouldn't surprise me if they didn't hold hands and were best friends with Greenpeace USA. Right? None of these people are to be trusted, and now they're mining a shitcoin. Bitcoin mining heavyweight marathon digital revealed that it has mined Caspa, a token designed to address Bitcoin's scalability problem, which it won't. Since September, to diversify from Bitcoin in the June 26th announcement, Marathon Digital said that the move allowed the firm to capitalize on higher margins, AKA shit coins that were possible with Casper mining machines, which are up to 95% in some cases. By mining Casper, we are able to create a stream of revenue that is diversified from Bitcoin, explained Marathon's chief growth officer, whatever the hell that is, Adam Swick, quote, Marathon was uniquely positioned to mine Casper and to capitalize on the higher margins that exist for those who can deploy Casper ASICs today.
That's really all we need to know is that this is another nail in Marathon's credibility coffin. Do not trust these people. As far as I'm concerned, I no longer consider them a minor of Bitcoin at all. Anyway, so that's the story for today, and I will let you go again. The last words that I wanna say goes back to Julian Assange. And there's 2 real things here. I get a weird I've I've got a weird feeling about all of this happening in the first place, and I I can't put my finger on it. I'm not saying it's a conspiracy. I'm not saying that they put him out, you know, outdoors so that he could be, you know, merced like, Dubravko was saying.
That's not what I'm getting at. I have no idea what's going on. All I know is that I got a gut feeling and I've come to trust my gut feelings that something's up and I'm not exactly sure what it is. But the second thing which is actually more important is with Noster and this rabid, you know, population of nostriches, we have everything in our power to do something like WikiLeaks that does not depend on a central figure. Does not depend on a poster boy. Does not depend on somebody that looks like Julian Assange or that is Julian Assange.
We I I keep hearing people talk about when is he coming back? When's he gonna do the thing? He's not going to do the thing. I think Julian Assange is done doing the thing. And I think it's really it's how to say it let's just say it this way it's rude It's very rude of us to expect that Julian Assange will come back and start doing his thing again. I don't expect this to happen. Right? But we do have the infrastructure with Noster to be able to do this. And I hope that we see it done. Because, like, the the whole reason I brought up dtan.xyz as a as a, like, torrent site, why not put the files on that?
We'd be a we would be able to access D10 with our nostril accounts and we we would be able to scan what what the hell is going on in a wiki style a WikiLeaks style dump of information we'd be able to do it You know, we we would also you know, if one of us if there's a ostrich out there that actually has information that needs to be dumped and they they don't wanna touch it. They they just happen to have it, but they don't want anything to do with the even the possibility of being discovered that they were the ones that actually made that information public. Noster, that's all I can really say at this point. You sure as shit won't be able to do it on Twitter or Facebook or TikTok. I mean, now we're starting to get into platforms that don't even make sense to to do that stuff on in the first place. But the ones that do, they're not gonna let you do it, especially if they're especially if it's something about the United States government, the DOJ will or the Department of Defense or whoever will call those people up and say, if you don't take it down, your home will be ash by the time you get home, and they will take it down.
They can't do that with something like Noster. They can't do that when they're when they're fighting a batch of people that have just had enough and were running around screaming like autistic children Because we just will not shut up. So let's stop putting the weight on Julian Assange to come back and do his thing. He's not. And let's put that weight squarely upon ourselves. He gave us an example. He essentially, he wrote a real time textbook on this entire world of truth. How to do it? How to get caught? How to survive 14 years of having your life destroyed, how to stand before a judge.
He taught us the whole playbook. It's our turn. We've gotta do it. And you'll say, oh, well, you won't do it. Why? I don't have anything to disseminate. I don't work for a government agency that might have some dirt. If I did, I might consider it, but I understand what your sentiment is. Would I really? That is that why we lean so hard on people like Julian Assange? Because they were willing to take that risk? Are we all going to just walk around being coddled by ourselves, by each other, that we don't have to engage in the kind of things that Julian Assange engage with, and we don't have to see our lives destroyed? I get the feeling that if we don't, our lives are gonna be destroyed no matter what we do. Whether we speak up, whether we don't speak up.
If the the types of things that Julian Assange and WikiLeaks laid out for us still scare us to this day, and yet we don't seem to have the capacity to do a damn thing about it. I will leave you with those thoughts, 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. Uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems. It is 9:15 no. 8:15 AM Pacific Daylight Time. It is the 27th day of June 2024.
This is episode 913 of Bitcoin, and the Circle p is open for business. And today's vendor is Dubravco, also known as Oak Grove. You can find him over on Noster at oak, like the tree, grove, like a couple of more more than a few trees. Right? Oak Grove. He sells black soldier fly larvae. And if you don't know what black soldier fly larvae is, you know, I I I think I did a show. Hold on for a sec. Come to think of it, let's see here. Let me see if I can't find that show. I should have had that thing up here. Let's see. Black soldier fly.
Black soldier fly. That's not gonna do it for me. Okay. I'm not gonna be able to find it. Next time I do DeBravco, I'll I will give you the show. But I did an entire like an entire half, if not a full show, on the benefits of having black soldier fly. But suffice it to say, you can unleash the power of nature with Oak Grove's premium black soldier fly larvae, Perfect for composting, feeding fish, or livestock, these larvae are a natural wonder. They're sustainable, nutritious, not not for you. Don't eat black soldier fly. Feed these things to the food that you then eat. Okay? Don't don't eat black so Don't eat bugs, please. It's not good for you. It's just it's not.
But they are sustainable. They are nutritious for animals, and they are ready to ship. Transform your approach to an eco friendly solution today. Order now and see the difference with Oakgroves Larva, Nature's Tiny Giants at your service. And they will. I mean, they're they're they're tiny giants. They will swarm over leftover food, whether it's meat, fish, you know, like any, like, a salad leftover salad, vegetable. It doesn't matter. Animal, vegetable, fat, they'll eat the fat. You can't put meat and bone and fat and stuff like that into a compost pile and expect good results, but you can start a black soldier fly bin and feed all of your leftover food.
I've even thrown lawn clippings in that thing. You like, if you've got rabbits, throw the throw your rabbit pellets in there like their their poop. Right? Throw their poop in there. And this thing these things will convert this all into this black gold that you can then, after they're done processing, you can put it into your garden. You can extract the liquid that comes off of it and mix it with water. It's a fly repellent like for not black soldier fly repellent but like house flies. Don't spray it inside your house but like if you've got like one day I did an experiment I took some of the juice that comes out of and it's essentially their pee I mean, let's let's be honest about it. But I mixed it, like, 1 to 10 with water, like, 10 parts water, 1 part black soldier fly juice, and strained it and then put it into, like, a a pesticide herbicide sprayer. And then I went out to my alley, and I had a a dumpster that was just, you know, dumpsters after they get really, you know, used a lot, they collect flies especially in the summertime.
I sprayed the inside of that thing down and the outside of that thing down with this stuff and the next day weren't no flies around that dumpster. It's it's actually amazing. It also can be used as like a soak or a drench around your, garden. I would not spray it on fruits and vegetables, like so. I I would keep the foliar application to a dead minimum, if at all, but you can soak it into the ground and it it does amazing things for your garden. So hit up Oak Grove, Circle Pea's vendor of the day. He's in the Dallas Fort Worth area, and you'll hear from, Oak Grove a little bit later on today when we do the donation section. Now, onto the news and I'm gonna start with something that nobody's gonna like. Because it it brings up a point that I wanna make.
This is out of, Cointelegraph Helen Parts is writing Bitcoin ETF issuer Van Eck has filed for a Solana ETF in the US. Now before you start throwing rocks and shit at me, hold on. I'm I'm I'm coming to a point. But let's figure out what the hell is going on first. Matthew Siegel, head of digital asset research at Van Eck, took to Twitter on June 27th to announce that the firm has filed for a Solana ETF with the United States Securities and Exchange Commission. The new fund, called the VanEck Solana Trust, aims to capitalize on Solana's decentralized nature, high utility, and economic feasibility, Siegel said.
According to the executive, the trust is the first filing for a Solana ETF in the United States. In a post, Siegel provided a few remarks on why the company believes SOL, s o l, is a commodity. He wrote, we believe that the native token SOL functions similarly to other digital commodities such as Bitcoin and Ether. It is utilized to pay for transaction fees and computational services on the blockchain. Like ether on the Ethereum network, SOL can be traded on digital asset platforms or used in peer to peer transactions. In the filing with the SEC, VANEX specified that the VANEX Solana Trust is expected to be listed on the CBOE BZX Exchange should it be approved by the SEC.
The VanEck Solana Trust Investment objective is to reflect the performance of the price of the Solana cryptocurrency, excluding the expenses of operations of the trust. The filing states that the trust will value its shares daily using the Market Vector Solana Benchmark Rate Index. This index is calculated based on prices provided by trading platforms that Market Vector considers, well, I just lost my place. Market Vector considers the top five SOL trading platforms. He determined by the industry leading CC Data centralized exchange benchmark review report. Okay. So that's the oracle.
That's that's all they really had to say. It was they're going to use this as an oracle. Whatever. VanEck Solana ETF filing comes shortly after the United States SEC approved the launch of a spot ether ETF in the United States on May 23, 2024. The approval ended long running arguments about the status of ETH cryptocurrency greenlighting it as a commodity rather than a security. It's a security, ladies and gentlemen, but whatever. Subsequently, the SEC reportedly dropped an investigation into whether ether is a security on June the 19th, probably because they got bribed. But so you're asking, and I rightly so, why the hell am I talking about a shit coin? It dawned on me when this news broke. And, I mean, it's not really I don't think it's earth shattering. This is there's gonna be more of this. And this is the whole reason why I brought it to you. Is that this is going to be the you know, they talk about humane the the great filter of the universe.
There's a question that goes on about why haven't we discovered other life in the universe and people talk about this thing called the great filter And that we haven't discovered any other intelligent life or no no other intelligent life has discovered us because the chances of survivability to the point where you can start communicating at long distances or traveling extremely long distances to other civilizations is hindered by this great filter and you like you either blow yourself up before you get there. You have, like, some kind of catastrophe.
There's all manner of stuff that that takes part of this great filter. I think that what's going on here is that these ETFs are going to act as the great filter to the shitcoin space. Right? Only a few of the shit coins like Sol and ether and the rest of this garbage that we have to contend with on a daily basis is going to actually make it through to have to survivability. And I think that these things shouldn't survive. I think it's a they're they're a massive waste of time. They don't do anything that Bitcoin either doesn't do already or can't do in the future. It doesn't for me, it doesn't matter. But this is going to be the selection process moving forward for all of the Shitcoins. So we have like what? 10,000 Shitcoins?
Only a handful are going to survive and their survivability signal to the market will be whether or not they're picked up as some kind of ETF by some company like Van Eck or BlackRock or the rest of What effect will it have? Lots of shit coins are finally going to die. That is the only good thing about this. It's going to act as a great filter. We're not going to have to contend very much longer with the absolute field of shit coins that we have today. But we're still gonna have to contend with ether, Solana, and these maybe top 25, maybe top 50. Right? And all the rest of them will die out because this is the signal to the market of what's going to have traction and what's not going to have traction.
So start looking to see who is going to be named for an ETF next. And that that way, you we won't have to worry about the people who are not named. All we'll have to worry about is everything that has an ETF that is not actual Bitcoin. So that's why I wanted to bring you this a lot of news. Now Coinbase is suing the SEC again. That's right. Not only the SEC, but they're also suing the FDIC, and they're alleging regulatory overreach again. But this is brand new. Vivek Sin is writing about it for Bitcoin Magazine. Coinbase has filed lawsuits against the SEC and the Federal Deposit Insurance Corporation, the FDIC, you accusing the agencies of trying to cripple the crypto industry. The lawsuits filed on June 27th in Washington DC District Court alleged the SEC and the FDIC failed to comply with Coinbase's Freedom of Information Act requests.
Coinbase says this information could shed light on coordinated efforts by regulators to restrict crypto's access to banking services. In its complaints, Coinbase asserts that federal regulators are deliberately campaigning to cut Bitcoin and crypto companies off from the banking system. This represents an existential threat to the industry by choking off vital financial lifelines. Coinbase points to regulators pressuring banks to deny accounts and services to Bitcoin and crypto firms. It likens this to Operation Chokepoint, an Obama era initiative discouraging banks from working with certain high risk sectors like pornography and, you know, firearms.
God forbid. The exchange argues regulators are violating transparency laws to hide the full scope of their crypto crackdown. Coinbase aims to expose the regulatory overreach it says far exceeds agencies mandates. However, legal experts caution that FOIA lawsuits face an uphill battle given agencies broad discretion over disclosure exemptions. Proving malicious intent by regulators could also prove difficult. Nonetheless, the case represents Coinbase's latest pushback against regulators like the SEC with whom it is already locked in multiple legal battles. The exchange is defending the bitcoin and crypto industry against regulatory hostile threatening its viability. Coinbase's accusations resonate with bitcoin and crypto proponents who believe regulators are abusing their powers to deliberately slow technological advancements. Okay. Well, that's that's all that's all well and good.
Even though I am not a fan of Coinbase by any stretch of the imagination, good. I'm glad that they're suing the living crap out of the SEC and the FDIC because this is just it's it's just ridiculous that that they won't honor freedom of information request on something like what their stance on whether or not, you know, something is a commodity or if something is a security. They also don't want to be transparent about are they really telling banks to not do business with crypto industry, you know, people, you know, like, they don't, like, not allowing, you know, I don't know. Bull Bull Bitcoin is a Canadian company, but I don't know, like, Marathon Digital, you know, is it possible that they're they're, you know, having problems with banking issues because they're a crypto miner, and we'll hear more about Marathon here in a second.
I promise, it's bad, but whatever. Good. I did keep the pressure on these guys. Their lawyers need something to do because, God forbid, our taxes are paying for it anyway. Now staying with Coinbase, we've had some some some interesting developments over the past week, starting last Friday, in fact, with the German government, but this is the United States government moving 1,000,000 of bit or 1,000,000 of dollars worth of Bitcoin to Coinbase. This is also Bitcoin Magazine Vexent is writing on June 26th. The United States government sent 3,940 Bitcoin to Coinbase Prime, Coinbase's institutional trading platform.
Blockchain analytics firm ARKIN Intelligence flagged the transaction. The transferred Bitcoin was originally confiscated from convicted drug trafficker, Banmeet Singh, earlier in 2024. Singh was arrested in London in 2019 on 1,100 Bitcoin worth around $150,000,000 at the time to 1,100 Bitcoin worth around $150,000,000 at the time to U. S. Authorities. While the recent transfer of nearly 4,000 Bitcoin is substantial, it represents just a fraction of the government's total Bitcoin holdings. Data shows the US government currently possessing around 214 1,000 Bitcoin worth over $13,000,000,000, billion with a b, making it the largest national holder of Bitcoin globally.
Much of the government's Bitcoin comes from seizures related to the shuttered dark web marketplace Silk Road. The infamous Bitfinex hack of 2016 also contributed to the stash. The transfer of Coinbase to Coinbase signals that the government may be looking to sell some of its long dormant Bitcoin reserves. This adds to fears of price impact similar to the recent German sell off, which we will also talk about a little bit. However, the amount moved so far is relatively minor compared to daily Bitcoin trading volumes. The United States government still holds the vast majority of its seized Bitcoin now worth 1,000,000,000 more due to Bitcoin's meteoric price rise.
Yeah. Then why does it feel so damn stagnant? Okay. So I talked on Tuesday about this about this German thing. But when you start adding things up, we start having another question. And the answer to the question before I ask it is yes. It's coordinated. But they only get to do this one time. What am I referring to? Well, I'm watching multiple governments sell off their future existence. It's hard to watch, but it is ultimately rewarding. Have fun staying poor. Now I that was an Nostra note that I sent. When did I send that? Let me see if I can even get a date stamp on that. Wednesday. I sent it yesterday. And here's the thing is that I I included a picture from Travis Kling over on Dead Birdside.
And it he says, quote, all at the same time, United States selling seized Silk Road Bitcoin. United States government seized Bandmeet Singh BTC. German government selling seized movie2k BTC. And Mt. Gox distributing BTC after a decade. Interesting. Okay. So, there's the old saying that we should always remember, but not, you know, we probably shouldn't just blindly follow the following statement. Causation doesn't necessarily mean correlation or vice versa, honestly. I mean, just because something is correlated doesn't mean that that's the cause. But I can't get this out of my head That, you know, like it's it's almost as if they were that the government's governments of the United States and Germany were waiting on the Mt. Gox trustee to signal when they were going to start distributing the Mt. Gox coin so they could add insult to injury and start piling on to try to get this pressure down. But here's the deal. There's only so much bitcoin that the German government and the United States government has.
And I'm not saying that they can't depress the price very severely. They can. But they can really only do this once. If they wanna go full more and just start mark you know, just continuously market sell, at one point or another, they're gonna run out of the coin unless they see some more, which is always possible. My point being, after after a while, they're just not going to be able to do things like this. And we won't have to worry about these morons ever again. But for right now, we definitely do have to worry about these assholes because they are putting pressure on the price. It is happening.
Should we like? And I get it. You're like 1 Bitcoin equals 1 Bitcoin. Yeah. I understand that, dude. I definitely understand that. But we've got to get out of this place. We we have been knocking around the 57,000 to 72,000 range for so long. Well, actually, for a few months. It would be better to escape to the upside and have some kind of blue sky ahead of us than to sit around rattling around this god awful place. And as much as I love all of the 58 ks gang crew, I'm sick of it. I'm sick of 58 ks gang. I can't help it. I mean, that's like I love Greg Zarge. I love all the dudes. I love yellow. I love all of them. But collectively, the the peeping, the crying, the, the, the nonsensical need for us to stay at 58 k forever and ever and ever is just honestly, I'm so sick of it.
But we have numbers to run. Welcome to part 2 of the news you can use. Actually, no. This is CNBC, Futures and Commodities. Fooled you. Oil is up 1.15 percent for West Texas Intermediate. It's chilling out at $81.83. Nice. Brent Norsee is above 85 after a 1.17% move to the upside, 86.25. Natural gas is down a 5th of a point to $2.74 per 1,000. And gasoline itself is up a half point to $2.55 a gallon. Metals are mixed. Gold is doing relatively well today. It's up over a point to $2,339. Silver is up a quarter of a point. Platinum is down 3 points. Copper is down 0.73%, and palladium is up a half.
Ag is pretty fairly mixed. Biggest winner today is gonna be sugar. 4 a half percent to the upside. Biggest loser is chocolate, down 2 a third. Lean cattle are up 0.05%. Lean hogs are down a third. Feeder cattle are up 0.16%. The indices of the legacy financial are also mixed. Dow is up 0.16%. S and P is down scant. NASDAQ is up scant, and the S and P mini is down scant. Everything seems to be moving sideways, which probably means that we're waiting on numbers. I don't know. That just seems to be the signal that I get out of it. Clark Moody dashboard is flashing $61,500. That is a $1,211,000,000,000 market cap.
We can get 26.6 ounces of shiny metal rocks with our 1 Bitcoin of which there are 19,000,000,717,602 and a third of. And average fees are still low. 0.15 BTC taken in fees per block on average. And speaking of blocks, let's get the block information. I'm looking at a 191 blocks carrying 227 1,000 transactions waiting to clear at high priority rates of single satoshis per v byte. 9, in fact. Low priority is 9 Satoshis per for per v byte as well, and anything under 4.36 Satoshis per v byte is being purged from impulse around the world. Hash rate is flashing low, 523.4 exahashes per second, if you follow that sort of thing. Now on to the donation section, free Assange. That was, Bitcoin and episode 912.
Excuse me. Henry gqj boosted 15,000 sats. Dude, thank you, brother. Always appreciate your time and effort even when I am too skint to boost. Blogging bitcoin with a 1000 says, bitcarrot writes awesome code. One day on bitcarrots Github I saw a monthly sponsor link and thought about using it. Then it hit me. I don't need to because I can zap this shadowy supercoder some sats every month instead. Please zap bitcarrot using the link below. We need more people supporting awesome devs. And he does give the link. God's Death with 5:37 says, thank you, sir. No. Thank you. Pies with 420 says, thank you, sir. No. Thank you. Wartime with 333 says cheers.
Henry GQJ comes back with another 200 sats and says nothing. Dubravco, a 100 sats says, Assange's release gave me the gut reaction that someone wants him free long enough for most people to forget about him. Should take a couple of months so that he can get murked. You know what that means. If you don't, I'll say it after I finish. Also, no flying him and making him charter is such a dick move unless the airlines just decided not to take on the risk. That's there's no risk for the airlines to to fly Assange. I mean, there's just not.
The the whole move of forcing him to fly private at a cost of $520,000, which is ridiculous. There's I mean, you'd have to fly around the world to even come close to these kind of costs. And and who's they must have picked him the most expensive, jet chartering place on the face of the planet. Okay. So so, Dubravko is saying that he can get merc'd mercenary. It's talking about getting him assassinated. It could happen. I don't think, I think Dubravka is also right. He's probably not. He's probably gonna fall off the face of the planet. And for some reason, I'm already starting to get Mandela effect vibes.
I can't really put my finger on why, but something about this entire thing has given me Mandela effect vibes. Just, I, again, don't know why. Pies with a 100 says, I would be of I would have fucked up that dog or the woman's husband. Someone got to get someone would have got a beat down for messing with my dog. Wartime said, reply steel toe boots for the wind. Pye says, laugh my ass off. Yes, sir. Wear them every work day. Okay. Here's the thing about that. When things are happening in the heat of the moment, you're not you're you're it's like a lizard brain stem takes over, right? You're not thinking about what you should do, you're thinking about what you have to do.
You you just like literally get get my little dog so that he's not going to die. Right? The fact that the dog ran off and I had to go get him kind of precluded me having any kind of discussions with this woman or her dog. Alright? So, but that's the whole point. We always think about what we should have done later because when you're in the heat of that moment, you're not thinking straight. Other parts of your brain have completely taken physiological control. And usually that's the lizard brain, right? And there was no husband there. It was just this chicken and her dog. By the time I got back, she was already gone. I you know, the whole thing was the whole thing was a mess. DeBravco with a 100 says, first, also, I would like to test black soldier fly larvae shipping in hotter weather.
I have another batch for another person looking towards the future. So again, Jabravco, also known as Oak Grove on Noster, which is where you're gonna have to go if you wanna order some black soldier fly and get your black soldier fly bin started. And Dubravco may help you with that, like, you know, give you give you some pointers as to what you need. Make sure that you tell him that you heard about him on the Bitcoin and podcast, and he will show, he will shoot me some satoshis. Alright. Let's see. Is that it? Yep. I do believe that is the weather report. Welcome to part 2 of the news you can use.
Remember I was telling you about, Mandela effect vibes that I was getting out of Julian Assange. Well, Stella Assange, his wife, posted something, some quotes from the judge, the sentencing judge, that he had to fly to Saipan to go see or was either Saipan or like Mariposa. I one of the one of the, like, United States territories that's out there in the South Pacific. But she's got a couple of quotes from the judge as Julien was standing before the judge, and I find these interesting. You stand before me to be sentenced in this criminal action, Judge Manglana says, I would note the following, timing matters.
If this case was brought before me sometime near 2012 without the benefit of what I know now, that you served a period of imprisonment in apparently one of the harshest facilities in the United Kingdom. 2, the second there's the second, tweet. There's another significant fact. The government has indicated there is no personal victim here. That tells me the dissemination of this information did not result in any known physical injury. These two facts are very relevant. I would say if this was still unknown and closer to 2012, I would not be so inclined to accept the plea agreement before me.
But it's the year 2024. Wow. This is all I'm gonna say. And then Stella comes back and she says, in her own words, this is Stella talking. She also has to consider the case of 7 year imprisonment of Chelsea Manning. It appears your 62 months was fair and reasonable and proportionate to miss Manning's actual prison time. Then she also acknowledged Assange's 14 year ordeal. Quote from the judge, it appears this case ends with me here in Saipan. With this pronouncement, it appears you will be able to walk out of this courtroom a free man. I hope there will be some peace restored.
So this is kinda what I'm thinking about this. I think this judge was trying to say, I know you got screwed. You know you got screwed. Everyone in this court knows you got screwed. The media knows you got screwed. And the whole world knows you got screwed. I can only hope you forgive us for destroying your life. That's what I was getting out of this judge. I think that this judge, in in in no uncertain terms, was disgusted with the way this man has been treated for damn near a decade and a half. And that, thankfully, it was her that was chilling out in the judge's stand, you know, making sure that this thing was gonna fly right.
Julian Assange is now at home in Australia. Do not expect him to make any public appearances. Do not expect him to go back to work at WikiLeaks. Do not expect him to do any of the things that he has been doing or was doing before they absconded with his life, liberty, and pursuit of happiness. Basically made him whole up in the Ecuadorian embassy and then in Belmarsh prison for the last 5 years. This whole thing is ridiculous. But I really think it's important that we have a a great deal of respect for what we've seen occur here. Not that he got free, but the fact that his ordeal is the kind of ordeal that will that will crush most mortal humans.
Right? A lot of people would have just given up hope completely. And this is what I I hope we see this for Ross Ulbricht. I really do. Do I expect it? I I don't know. I'm at this point, anything's possible. Because, you know, if they released Julian Assange, then anything's possible. But there's something funny about there's something in my gut. I got a gut feeling about this. Something is very weird, not just about the timing of the release, the fact that there was almost no warning. I mean, you would I would have thought that there would be much more signaling going on in the media before this event actually transpired to prepare the world.
You know, I mean, it's it it seems odd that this just got ninja launched on us. That's what it feels like. It feels like his freedom getting on that plane, going to Saipan, and then going down to Australia to hopefully live out a peaceful life just got ninja launched. But I don't even if it did, even if that really is the truth, I I I have no idea why. Still, it would be, I think it would be helpful for Julian Assange for us to do 2 things. 1, do not rely on him or ask him to do the things that he used to do. Do not expect this of this man. I do not think he is in any mental position to engage in these kind of activities at least for a year if for the rest of his life.
2nd, why do we have to rely on Julian Assange to do these things? Honestly, why why just rely on things like WikiLeaks? I mean, you know, we do have Nostr. Nostr does have relays. We don't even have to reconfigure anything. We can just use this organic structure that we see being built in front of us. Like d tan, dotxyz. Okay. Dtan. It yeah. I talked about it before a while back. Nobody's really talking about it now, but I went back to it. It it's it's essentially like a torrent. It's like a torrent website, but it's based it's you know, you can log in with your nostril credentials.
And I'm thinking, okay. Well, how about we decentralize we could decentralize something like WikiLeaks. Or that way, the repository of information that gets dumped on WikiLeaks could be dumped on Nostril relays. And those relays would be, you know, pingable and searchable. And you could, like, plebs, just like us, could go read through them and take on the mantle of what it is that Julian Assange had to do. And that way, there's no central target. And if you're, you know, if we're really good with our anonymity, if we're really if we get really good in practice, we could spin up like we we could literally spin up, brand new in pubs and insects and figure out a way to get the information out to the public that way with without exposing ourselves to losing life, limb, and property.
I'm just saying we have the technology. We can we can apply it. We can leverage Noster. We can leverage ourselves. We're not dumb. We can read through, you know, through like, you know, 10,000 things of of paperwork that's dumped by some kind of government instead of relying on people like Julian Assange to do it. That's that's what I'm saying. Is that maybe it should maybe this should be the mantle that we all take up and not just leave it for Julian or Stella Assange or somebody else. It's this this affects all of us. Maybe we should all be involved. Now staying with the Julian Assange story, remember I told you that he'd have, like, a $520,000 plane bill because they wouldn't allow him to fly commercial?
Well, it appears that Julian Assange has received $500,000 in a Bitcoin donation from some anonymous whale, CoinDesk. Oliver Knight is telling us about it. WikiLeaks cofounder Julian Assange earlier this week received a donation of 8.07 bitcoin from 1 entity, helping to cover the cost of a private jet that flew him out of the UK and ultimately to freedom in Australia after reaching a plea deal with the United States Department of Justice. Initially, Assange's wife Stella made it an emergency appeal to raise £520,000, British Sterling, to pay for the transport setting up a crowd funding page that allowed people to donate in fiat currency via credit card or bank transfer.
With that site notably not allowing crypto for donations, the family quickly moved to set up another page to accept Bitcoin. Up to this point, the Bitcoin address has received 34 donations totaling just over $500,000 US. The overwhelming majority however came from just that one 8.07 BTC donation. The original Fiat site has also received about $500,000 worth in donations. Quote, Julian's travel to freedom comes at a massive cost. We will owe $520,000, which he is obligated to pay back to the Australian government for the charter flight v j 199, Stella Assange wrote on Twitter. He was not permitted to fly commercial airlines or routes to Saipan and onward to Australia.
Any contribution, big or small, is much appreciated. The jet was organized by the Australian government. After Assange reached a historic plea deal on Tuesday where he pleaded guilty to espionage charges in exchange for his freedom. Bitcoin and Assange, of course, have a long history together with WikiLeaks more than 10 years ago surviving on Bitcoin after the site was cut off from traditional banking rails. In a 2014 interview, Assange said that WikiLeaks and Bitcoin kept one another alive. So he's already I mean, within a day, more than enough money to cover the plane cost that was arranged by his own government, and his own government stuck him with the bill.
So here's my question. Who was it that did not allow him to fly commercial? Was it the United States Department of Justice? Was it the Australian government? Was it both of them? Who did not allow Julian Assange to fly home on a commercial jet instead of having to charter one of the most expensive plane rides I've ever witnessed. Again, I will go to my grave saying that $520,000 to take a private jet from the UK to Saipan and then down to Australia should not cost $520,000. That's bullshit. But we've got bigger fish to fry. Completely switching gears, the eff.org, Electronic Frontiers Foundation, I believe, has put up this little I don't know. Well, we'll just read it. I'll just read it to you. EFF dice generated passphrases.
Create strong passphrases with EFS new random number generators. This page includes information about passwords, different word lists, and EFF's suggested method for passphrase generation. Use the directions below with any set of dice. And now a message from our internationally renowned security technologist, author, and EFF board member, Bruce Schneier, which is an I just read you a native ad. I didn't mean to do that, but here it is. So first of all, I'm gonna actually skip the directions first and go into what what are we talking about here?
So, why use a passphrase? The word passphrase is used to convey the idea that a password, which is a single word, is far too short to protect you and that using a longer phrase is much, much better. The increased length can allow for a greater number of possibilities overall even if you use a passphrase made of random words to help you remember it. Passphrases made from randomly chosen words can be both easy to remember and hard for someone else to guess, which is what we want out of a passphrase. While the e f f random number generators are not casino grade dice, we believe that they are sufficiently random for these purposes.
Computers are now fast enough to quickly guess passwords shorter than 10 or so characters and sometimes quite a few more. That means short passwords of any kind, even totally random ones like and then there's just a bunch of gibberish here, may be too weak, especially for settings where an attacker is able to quickly try an unlimited number of guesses. This is not necessarily true for an online account where the speed and quantity of guesses will be limited, but it could be true in other cases. Instance, if someone gets a hold of your device and is trying to crack its encryption password. Okay. So that's what we're talking about here, is that there's a couple of things.
Instead of a password, use a whole passphrase. But the danger in doing that is forgetting what the hell your passphrase is. You know, you want to be able to just remember these things. So, they've these guys have come up with what I think is a really interesting way to go about doing this. So, here's the directions. Roll 5 dice at once. Note the faces that come up without looking at the word list yet. Step 2. Your results might look like reading this from left to right. 4, 3, 4, 6, 3. Write those numbers down. Step 3.
Open eff's long word list dot txt and they give you a link. That that that whole thing is a link right here. This is the first word in your passphrase, so write it down. Repeat steps 1-four 5 more times to come up with a total of 6 words. When you're done, your passphrase may look something like this: panoramic nectar pre cut smith banana handclap. Step 6. Come up with your own mnemonic to remember your phrase. It might be a story, a scenario, or a sentence that you will be able to remember and that can remind you of the particular words you chose in order. For example, given that same passphrase that was generated, panoramic, nectar, pre cut, smith, banana, hand clap, here is the sentence that might remind you of that.
Or that you could easily remember. The panoramic view as I tasted 2 to the 77th alternatives that could have been 2 to the 77th alternatives that could have been chosen by this method. With so many possibilities, this passphrase will be very hard to guess by brute force. So, that's I mean, it's what I what I like about this is the fact that you can just go get a random set of dice. Go get, like, a set of Hoyle dice, for, like, from Walmart. They're, you know, probably over there in the sporting goods section. Look for playing cards, and you'll find dice right next to them. Right?
And then you can use this huge list that has already been correlated with the numbers like that you would that you would actually get on a 6, you know, or 5, dice roll. The real trick comes in being able to remember it because honestly, honestly, panoramic nectar precut smith banana handclap, even the sentence they gave is really hard. But you could keep rolling. Right? You could keep rolling until you do come up with a set of words that you're like, that actually almost makes sense. Maybe it's a context in something, you know, in your past. It there's all manner stuff, but even I'm using path like whole passphrases and a password for my passwords for things like, you know, like, online banking or whatever like that. Right? And it ends up being really long and it's really something that's easy for me to remember.
It's and I I didn't do it this way, but this is a good way to do it. So you might want to consider using a passphrase instead of passwords as we move forward in this new world, considering that everybody's getting hacked. The the yesterday, the or the day before, I can't remember when, it was very recent. Recent. The last 48, 72 hour stops. It turns out that whoever was doing the, taking information people's information for their identity for people like, Twitter, yeah, they got hacked. So all of the information that was taken by what whatever information you gave x is now or Twitter or whatever, is now in the hands of whoever hacked the 3rd party vendor that Twitter was using to take down the information.
You've got a massive hack going on with health like, some health providers. I can't remember the name health trust. I can't remember the name of the health provider. But all that information and we're talking, like, a 100,000,000 people, 200,000,000 records, or something like that. It's it's not just a few million. It's, like, the vast majority of all the people that have health care in the United States. All of their information, Social Security numbers, where they live, who they work for, what they get paid probably, It's all gone. It's all it's well, not gone. It's all in the wind.
Right? We can't trust anybody with anything at all. We have to take manners matters into our own hand. Now changing gears one more time for the last bit of the show. Marathon Digital Mining has mined $16,000,000 in Kaspa, k a s p a, to diversify from Bitcoin. This is Braden Lindria telling us about it from Cointelegraph. And I just wanna say upfront before we do this, you should not trust Marathon. MARA is their ticker symbol on what Nasdaq or where wherever it is that they're trading. If you hold them, I short them. This is not investment advice. But get I mean, I wouldn't have anything to do at all forever and a day with Marathon Mining.
None of the these are the people that use white listed addresses. If if they come up with a blacklist address, they will not mind that shit. They've they've been talking about ESG crap ever since their inception. It wouldn't surprise me if they didn't hold hands and were best friends with Greenpeace USA. Right? None of these people are to be trusted, and now they're mining a shitcoin. Bitcoin mining heavyweight marathon digital revealed that it has mined Caspa, a token designed to address Bitcoin's scalability problem, which it won't. Since September, to diversify from Bitcoin in the June 26th announcement, Marathon Digital said that the move allowed the firm to capitalize on higher margins, AKA shit coins that were possible with Casper mining machines, which are up to 95% in some cases. By mining Casper, we are able to create a stream of revenue that is diversified from Bitcoin, explained Marathon's chief growth officer, whatever the hell that is, Adam Swick, quote, Marathon was uniquely positioned to mine Casper and to capitalize on the higher margins that exist for those who can deploy Casper ASICs today.
That's really all we need to know is that this is another nail in Marathon's credibility coffin. Do not trust these people. As far as I'm concerned, I no longer consider them a minor of Bitcoin at all. Anyway, so that's the story for today, and I will let you go again. The last words that I wanna say goes back to Julian Assange. And there's 2 real things here. I get a weird I've I've got a weird feeling about all of this happening in the first place, and I I can't put my finger on it. I'm not saying it's a conspiracy. I'm not saying that they put him out, you know, outdoors so that he could be, you know, merced like, Dubravko was saying.
That's not what I'm getting at. I have no idea what's going on. All I know is that I got a gut feeling and I've come to trust my gut feelings that something's up and I'm not exactly sure what it is. But the second thing which is actually more important is with Noster and this rabid, you know, population of nostriches, we have everything in our power to do something like WikiLeaks that does not depend on a central figure. Does not depend on a poster boy. Does not depend on somebody that looks like Julian Assange or that is Julian Assange.
We I I keep hearing people talk about when is he coming back? When's he gonna do the thing? He's not going to do the thing. I think Julian Assange is done doing the thing. And I think it's really it's how to say it let's just say it this way it's rude It's very rude of us to expect that Julian Assange will come back and start doing his thing again. I don't expect this to happen. Right? But we do have the infrastructure with Noster to be able to do this. And I hope that we see it done. Because, like, the the whole reason I brought up dtan.xyz as a as a, like, torrent site, why not put the files on that?
We'd be a we would be able to access D10 with our nostril accounts and we we would be able to scan what what the hell is going on in a wiki style a WikiLeaks style dump of information we'd be able to do it You know, we we would also you know, if one of us if there's a ostrich out there that actually has information that needs to be dumped and they they don't wanna touch it. They they just happen to have it, but they don't want anything to do with the even the possibility of being discovered that they were the ones that actually made that information public. Noster, that's all I can really say at this point. You sure as shit won't be able to do it on Twitter or Facebook or TikTok. I mean, now we're starting to get into platforms that don't even make sense to to do that stuff on in the first place. But the ones that do, they're not gonna let you do it, especially if they're especially if it's something about the United States government, the DOJ will or the Department of Defense or whoever will call those people up and say, if you don't take it down, your home will be ash by the time you get home, and they will take it down.
They can't do that with something like Noster. They can't do that when they're when they're fighting a batch of people that have just had enough and were running around screaming like autistic children Because we just will not shut up. So let's stop putting the weight on Julian Assange to come back and do his thing. He's not. And let's put that weight squarely upon ourselves. He gave us an example. He essentially, he wrote a real time textbook on this entire world of truth. How to do it? How to get caught? How to survive 14 years of having your life destroyed, how to stand before a judge.
He taught us the whole playbook. It's our turn. We've gotta do it. And you'll say, oh, well, you won't do it. Why? I don't have anything to disseminate. I don't work for a government agency that might have some dirt. If I did, I might consider it, but I understand what your sentiment is. Would I really? That is that why we lean so hard on people like Julian Assange? Because they were willing to take that risk? Are we all going to just walk around being coddled by ourselves, by each other, that we don't have to engage in the kind of things that Julian Assange engage with, and we don't have to see our lives destroyed? I get the feeling that if we don't, our lives are gonna be destroyed no matter what we do. Whether we speak up, whether we don't speak up.
If the the types of things that Julian Assange and WikiLeaks laid out for us still scare us to this day, and yet we don't seem to have the capacity to do a damn thing about it. I will leave you with those thoughts, 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.
Market Analysis and Updates
Closing Thoughts on Julian Assange and Nostr
