Topics for today:
- @BTCPaySever "Never Forget"
- Circle Stock Exploded
- @Strategy Super Sizes Stock Offer
- Meanwhile Audited in Bitcoin
- Romanian Post Office BTC ATMs
https://theleathermint.com/
Nostr: @LeatherMint
Twitter: @TheLeatherMint
Coupon code is BitcoinAnd for 10% off.
Articles:
https://cointelegraph.com/news/switzerland-automatic-crypto-data-exchange-74-partner-countrieshttps://www.coindesk.com/business/2025/06/06/stablecoin-fever-as-circle-soars-apple-x-airbnb-are-reportedly-exploring-stablecoin-integration-to-cut-payment-costs
https://www.theblock.co/post/357299/musks-x-joining-forces-with-prediction-platform-polymarket
https://cointelegraph.com/news/saylor-s-strategy-upsizes-stock-offering-from-250m-to-1b
- https://www.cnbc.com/futures-and-commodities/
- https://dashboard.clarkmoody.com/
- https://mempool.space/
- https://www.bitcoinandshow.com/
- https://fountain.fm/show/eK5XaSb3UaLRavU3lYrI
https://bitcoinmagazine.com/business/btcpay-server-the-backbone-of-bitcoin-commerce-2025
https://decrypt.co/323987/early-twitter-investor-builds-100-million-bitcoin-treasury-public-company
https://bitcoinmagazine.com/news/bitcoin-life-insurer-meanwhile-becomes-first-company-to-publish-audited-financials-denominated-in-bitcoin
https://atlas21.com/posta-romana-launches-the-first-bitcoin-atm-in-post-offices/
Find the Bitcoin And Podcast on every podcast app here:
https://episodes.fm/1438789088
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/
It is 09:27AM Pacific Daylight Time. It is the sixth day of the sixth month of twenty '20 '5, and this is episode 11 d zero of Bitcoin. And, well, apparently the markets have recovered from the divorce. Because, you know, we're Trump and Elon throwing plates at each other all day yesterday on the global stage. We're gonna not have to talk about that. Thank God. Why? Because we've got other fish to fry like Switzerland ratting out your crypto to 74 countries. Yeah. I know. I said the word crypto. I'm sorry, but that's that's gonna be part of the news. And then there's Apple and Airbnb and X. Apparently, they've all caught stablecoin fever.
Saylor has upgraded his stackathon. We'll get into that one. Meanwhile, there's published audited Bitcoin denominated financials out there. There's a Twitter OG that stacked a hundred million dollars in BTC, and Romania put Bitcoin ATMs all over its post offices. And then we're going to talk about BTC pay server and why it's still one of the most important projects in the space. I'm telling you, you're gonna wanna stick around because today's episode is brought to you by the Circle P vendor of the day Leathermint, maker of beautiful hand stitched leather wallets tough enough to outlive your keys, your genes, and probably your life. Let's get into it, shall we?
We're gonna start with this Switzerland. You know, there used to be a time when people trusted Switzerland. You know, that's why they have Swiss bank accounts. Right? You know, the Swiss. They you could keep your money over in Switzerland, and they wouldn't tell a soul. It was private. It was not public, and they did not really work with any other world governments. Well, I you know, that Switzerland died a long time ago because Helen Partz is telling us a different story this morning. Switzerland has green lighted the sharing of crypto tax information with not one, not two, not three, but 74 separate nations.
Switzerland is moving forward with plans to automatically hell, it's gonna be automatic, ladies and gentlemen. They were going to automatically share your crypto related data with 74 partner countries, including The United Kingdom and, of course, all of the European Union member states. The Federal Council, the government of Switzerland, has adopted a bill to enable the automatic exchange of information on crypto with partner countries the council announced today, June. The proposal also suggests sharing the data with most of the G20 countries The measure excludes for now The United States, Saudi Arabia and China according to a Twitter post by the Swiss Federal Government The bill is currently under discussion in parliament, and if approved, the AEOI framework for crypto assets would take effect on January 2026.
The new proposal follows the federal council's dispatch on the international and national legal basis for the AEOI concerning crypto assets adopted February 2025, and AEOI is the automatic exchange of information, AEOI. That's just so you know. Anyway, during a meeting on June, the council adopted the dispatch on the AEOI approval targeting the first exchange of crypto data taking place in the year 2027 and prior to the actual exchange of data on crypto assets, the federal council proposed to review whether the partner states with which the aEOI has been activated continue to fulfill these standards requirements. Well, quote, to this end, the existing review mechanism for the aEOI on financial account information should in the future also cover the aEOI concerning crypto assets which requires the corresponding federal decree to be amended accordingly, the council said. I don't know. It sounds like suit speak to me. But in the announcement, the federal council stressed that an AEOI should only take place if the partner states are interested in exchanging information with Switzerland.
You scratch my back, and I scratch your back. The states also have to fulfill the requirements of the crypto asset reporting framework or CARF, c a r f, developed by the Organization for Economic Cooperation and Development, which is also known as the OECD. The acronyms, people, stop. Stop with the acronyms. The council noted that the EU will implement the AEOI on crypto assets as part of the eighth update of the directive on administrative core cooperation, another acronym, d a c eight. People. Swear to God, the directive applies to countries that do not yet comply with the OECD crypto reporting standard across all EU member states, quote, affected providers of crypto services from Switzerland would have a direct reporting obligation in European Union member states from that point on, and this will continue until Switzerland implements the ECHR, Jesus, with all EU member states according to the Federal Council.
Adopting crypto a e o I will help Switzerland meet its international tax transparency commitments, strengthen the rep reputation of its financial sector, and create a level playing field for local crypto firms. Quote, Switzerland, therefore, has a significant interest in being integrated into this network and implementing the AEOI on crypto assets from 2026 onward, especially since it is likely that Switzerland will receive tax relevant data on crypto assets from partner states, the council stated. Yeah. I love where it says this one. Let's see here. Where was it? Oh, yes.
According to the federal council, adopting crypto a e o I will help Switzerland meet tax transparency commitments and strengthen the reputation of its financial sector. I'm sorry, but back in the eighties, there was no such thing as a stronger financial sector than Switzerland. Yeah. I I know. I know what you're saying. No. New York and London. I I get that. But is the the reputation of Switzerland has been nothing but harmed in the financial sector by them basically just given up and losing their spine as well as their testicular sack. I this whole country used to be where every other country went to say, you know what? I don't want anybody knowing about what I'm doing.
I mean, honestly, why is it that we continuously think that if you don't want somebody knowing what you're doing that you're obviously a criminal? Why have we fallen into that standard? Is it possible that we've been programmed by media and propaganda, which that's all media is that day or this day as far as I can tell, to think that way. To think that if you don't want somebody watching you take a piss in the urinal that it's it that it's not that that you don't want somebody seeing your private parts, it's that you're clearly a terrorist. You're clearly moving children in a sex trafficking operation across borders for very wealthy individuals.
It's clear that you're monitoring money. It's clear that you are on drugs. It is clear that you sell drugs to little children in the school yard. Just because I don't want somebody watching me take a piss does not mean that I'm a criminal. And that goes all the way up to, I got a hundred million dollars. I don't want anybody knowing that I got a hundred million dollars. Maybe I've already paid taxes on it. Maybe I've done my bit for king and country. Why do you need to know every single thing that I do? It and again, the if you if I was asking this question to somebody like Elizabeth Pocahontas Warren, she would reply, and I swear to God she would make this reply, it's because you're clearly engaged in criminal behavior, or you will have the chance to engage in criminal behavior.
And, honestly, when you are a when we have a bifurcated system as we do, where governments look at their citizenry as nothing but a band of criminals, and they don't really think that. It's just it's where it's in their interest to make you think that they think that. They, honestly, they don't give a shit. But I feel bad that when I grew up as a kid, you could always trust Switzerland to basically, you know, be your best friend financially, and that hasn't been true for years. And the data train keeps on rolling because Musk's x is joining forces with the prediction platform, Polymarket.
Oh, lord have mercy. This is RT Watson writing for the block dot c o. In what could prove to be the platform's biggest foray into crypto yet, the Elon Musk owned x said on Friday that it will be working with the prediction market platform, Polymarket. Quote, we're joining forces with Polymarket as our official prediction market partner, the official x account said, and opposed to its social media platform used by hundreds of millions of users. And on Polymarket, users can wager on the outcome of events by placing bets using, you know, cryptocurrency. And according to the release shared by the block or shared with the block by Polymarket, the the platform will use grok and relevant ex posts for real time annotations on Polymarket.
Pause. Do you remember? Do you remember? I I brought I brought this to you a couple of weeks ago. X is has become they announced it, and I can't remember exactly what the announcement was, but it just it just dawned on me. What we're reading here is the very first instantiation of the fact that they are scraping your data. Again, you know, Twitter or x or dead bird or whatever you wanna call it, a couple of weeks ago, they announced something. And I can't remember exactly what it was, but they were essentially saying that all of your tweets are going to be accessible by Grok. We already knew that was going to occur or that that had already occurred. I mean, any you know, there's no way that you could trust somebody to say no. Well, they you gotta wait for them to make the announcement that they're going to do it. No. They Twitter was always doing that when when they installed Grok, but they just made it basically, they just canonized it a couple of weeks ago, and this is the first instance.
Polymarket, at least as far as they are publicly, you know, willing to attest to. Anyway, quote, combining PolyMarkets accurate, unbiased, and real time prediction market probabilities with Grok's analysis of x's real time insights will enable us to provide contextualized data driven insights to millions of Polymarket users around the world instantaneously, said Shane Copeland, founder and CEO of Polymarket. Musk has also previously sought to glorify the power of prediction markets, particularly Polymarket, quote, Trump now leading Kamala by 3% in betting markets, most accurate than polls, as actual money is on the line, Musk posted to Twitter last October during the lead up to the US presidential election. Ultimately, poly market users favored Trump winning the election, and those who bet on it were proven correct. Shortly after the election, Chainalysis estimated that a French poly market whale had profited by $80,000,000 betting on the US election with a strong focus on the Trump Harris race.
The creation of new markets on the platform reached an all time high of over 7,000 new prediction markets launched in April alone. This represented a 20% increase from the previous month on the heels of attracting a high volume of people interested in US presidential elections. The platform's active users users surpassed 450,000 during January but have since experienced a steady decline quote fewer active addresses are trading on poly market even as market creation explodes which could indicate a shift toward a more concentrated user base of poly market creators the block previously reported it remains to be seen what shape the x slash poly market partnership will take and how much overlap there will be between crypto and the social media platform. But as x has long been the most popular social media platform among crypto users, traders, and thought leaders, there has been long been speculation or belief that the company would eventually embrace crypto in some form.
Musk, although closely linked to Dogecoin, has so far steered clear of any direct involvement with crypto related ventures. However, earlier this year, when announced X Money, a service that will allow users to transfer funds from digital wallets to bank accounts and peer to peer payments, some suggested that the initiative might eventually lead to the platform fully embracing crypto. Did did you see what what Trump truth doubt on his truth social platform? He was making fun of x or, x. He was making fun of Elon dumping all of Tesla's well, not all of Tesla's Bitcoin, but most of Tesla's Bitcoin, if you remember that. But it was Trump on his own platform basically making fun of Elon and mentioning Bitcoin by name. He was saying something like, he had, like I don't know. He was, like, spineless and and sold all his all his Bitcoin like a little bitch or something like that. I can't remember exactly what Trump said, but it was it was kinda funny. Anyway, it does not matter. I I still don't think that Elon is gonna be smart enough just like Meta and Amazon and Microsoft. None of these guys are gonna be smart enough. They think that they're gonna be able to take over the market with their own hands by doing something different when all they really have to do is buy Bitcoin, it doesn't real honestly, it doesn't really matter.
They're probably gonna end up getting into stable coin. It it that is just seems there's it it's like being addicted to the dollar. And if you're if you're trying to break your addiction to heroin, what do you do? You get on methadone. So stablecoins are sort of like the methadone trying to get off the United States dollar, but you're still addicted. It's it's still activating the same opiate sensors. Right? It's just doing it in either a slightly different class of opiate sensors or it's just not as strong or it doesn't last as long whatever it is the the the thought is is that methadone will help you kick heroin and I guess probably in a few cases it has but it's still an addiction.
Right? Stablecoin fever is still an addiction. You're you're be you're still addicted to the dollar, you're trying to get off the dollar, but you're not ever gonna get off the dollar. You're you're going to be addicted to something. But stablecoin fever with circle soaring another 40%. Apple and x are among those reportedly wanting in according to Helene Braun from CoinDesk who says that Apple Airbnb, Google, and Elon Musk's x are holding early discussions with crypto companies about integrating stablecoin into their payment systems according to people familiar with the matter who spoke with Fortune magazine.
The tech giant sees stablecoins as a way to cut transaction costs and streamline international payments. And stablecoins, as you know, are digital tokens that are pegged to fiat currencies like the United States dollar, offering a bridge between crypto infrastructure and traditional finance. And in 2024, they facilitated more than $27,600,000,000,000 in transactions. Jesus. 2024, '20 '7 point '6 trillion. That's with a t. Not an m, not a b, but a t. $27,600,000,000,000 in transactions. That's more than Visa and Mastercard combined according to a report from the World Economic Forum.
Boy, I bet they choked on that shit. Anyway, stablecoins have been fast growing a fast growing area of interest for traditional finance, and it appears to be exploding even further following stablecoin issuer Circle's gangbuster IPO on Thursday, where shares more than doubled from an already raised offering price, and they're higher by another 40% today. Oh, god. Y'all just made Jeremy Allaire, one of the early enemies of Bitcoin, filthy rich, as if he wasn't rich already. But, guys, anybody who bought Circle, you just empowered one of the earliest enemies of Bitcoin.
Anyway, just saying. According to Fortune, Apple has reportedly been in talks with crypto companies since January to explore incorporating stablecoins into Apple Pay and its wider payment infrastructure. Meanwhile, X is in discussions with Stripe to potentially enable stablecoin based transactions. Airbnb is exploring stablecoins as a way to reduce the cut it pays to card networks like Visa and Mastercard. Kiss those two guys goodbye. One crypto executive told Fortune that the home rental giant has been in talks with Worldpay. Oh, god. Worldpay since the beginning of twenty twenty five.
Political shifts, primarily United States president Donald Trump's return to the office has made adopting crypto less risky, yada yada yada. And some analysts predict that the stable coin market could hit $2,000,000,000,000 by 2028. '1 of the key tailwinds, the expected passage of the Genius Act, is a bill that would establish regulatory clarity on such things as stable coins. Okay. So I know that there's gonna be a lot of peep there's a lot of people crying on, well, on on on x. I've been like, I have been on x quite a bit lately. It's not that I'm getting off of Nostr. It's just that every time shit hits the fan, one of the reasons I go to Nostr is so that I don't have to listen to the shit hitting the fan.
But sometimes I really need to find out what the hell is going on. And so I run over you know, I'll go over to Twitter and just kinda scan it for a few minutes and find out, oh, this is what's going on. Oh, or that's what's going on. But Nostra is my safe haven. Nostril is where I can talk to people about building things. Nostril is where I can read people talking to other people about building things. Nostril is where I go if I really need a good shot in the arm of good vibes, good feelings. I mean, it's it is it is a haven. Noster is a haven.
And if I want to trudge through the sewer that is x, that's still my choice, and I do so. And I can tell you this. Yesterday, while Trump and Elon were having a public divorce and the Bitcoin market was going down, we lost I think we went from $1.00 6 to sub 100. I think we hit, like, a hundred thousand 500 or something like that. And it it's I people that that I used to think were pretty solid Bitcoiners are just just losing their ever loving minds. But these same people have been losing their ever loving minds about stablecoins forever. They're going, oh my god. We missed the boat. Bitcoin missed the boat. Bitcoin is not gonna be used for payments. Let me tell you something.
When you've got something like Bitcoin, it doesn't mean that I'm I'm not gonna advocate for not, spending your Bitcoin. I'm also not gonna advocate for you must, you must spend your Bitcoin. It's up to you, man. You do whatever the hell you want, but I'm telling you, you've got a rock solid form of time savings is is really what we're getting at. Something you convert your time into that you can save and doesn't doesn't, like, erode the time that you spent getting the getting the thing. In our case, we'll we'll work for a paycheck. And if we save that paycheck, it it erodes in purchasing power, which means that the money is being stolen from us. That can't happen with Bitcoin. Why is it that that anybody expected that there wasn't going to be a transformer in between the hardest asset ever devised on the face of this planet and regular commerce.
Of course, there was going to be a transformer. Why am I calling it a transformer? If you know how a transformer works, where you have step up and step down transformers, and what does that mean? If I'm taking in a 10,000 volts and God knows how many amps and watts and stuff from a high power transmission line, I'm not going to plug that right into your house it will burn it to the ground it will defry every circuit inside your house starting with your breaker box it will burn everything it touches That voltage, that all of that has to be stepped down into something that is easily digestible by municipal power grids, like 440 volts, 240 volts, 110 volts, and, of course, I'm talking about voltages here in The United States. In Europe, they're different.
Right? And the way that it does that is it you use one coil with the radically huge amounts of voltage coming through and you wrap a coil around like a like like a a steel or a iron post or whatever metal they're using and you set it inside of a can And then you wrap another coil, but a different a different times around, you know, you coil like, I don't know. Let's say you coil around the 10,000, volt pole, like, 10 times. And then around the other pole, you coil it a different amount of times. The mag the magnetic field that is induced by the 10,000 volts wrapped around you know, in in that coil wrapped around that pole induces elect electron flow in the other coil.
And they're not touching each other. They're actually separated by electrically neutral fluid. And it's just it's just a magnetic field. And it's transmitting the the energy across that fluid and inducing electron flow in the other pole. But since there's a different amount of coilage wrapped around a pole, you get a different voltage and it steps it down. You can also step it up, but you step it down so that the power is easily digestible. That's what I think stablecoins could do. They will and are being bastardized to export United States debt to the rest of the world, but that's a completely different story.
It doesn't mean that stablecoins are inherently evil. It depends on what the tool is used for, and that is a decision made by humans, and many humans suck ass. They just do. They're shitbags. I can't stop them from doing that kind of thing. So just understand that it's not going to devalue Bitcoin. The use of stablecoin is tied to fiat currency. At one point or another, stablecoin will probably be fully backed by Bitcoin and or gold, maybe. I don't know, but definitely Bitcoin. But that's not gonna happen today. Right? But everybody crying about stablecoins taking the place of what Bitcoin was supposed to be really needs to take a deep breath and understand what are we dealing with.
Do do you really want to plug 10,000 volts into your wall outlet to charge your iPhone? Probably not. So I know that that's going to be that's going to be a very, very, very difficult pill for people to swallow. But I got a gut feeling that we may, in years to come, be relatively thankful that we had this transformer between the actual value of Bitcoin and the rest of the world's commerce. I'm I I know. It's everybody's gonna hate me for it. It's okay. I can take it. I'm a grown person. So Circle p is open for business. We've been talking about money. Where do you put your money? You put it in a wallet or at least if you're dealing with fiat cash and credit cards and stuff like that, that will be replaced by something else. But for the meantime, if you're still dealing in fiat cash that you carry around with you because you're gonna, I don't know, pay for a burger or a shake or something like that somewhere, you may want a really good wallet to carry around with you. And my friend over at the leathermint.com wallets, that is the leathermint.com.
He makes wallets. He makes belts. He makes all kinds of stuff. But right now, I'm looking at the leathermint.com forward slash wallets. And I gotta tell you, man, these things are beautiful, beautiful wallets. Beautiful leather. Absolutely gorgeous leather. Great leather color combinations, but it's really it's really the stitching that makes a wallet last. If you're if you're like me and you use a wallet, you've already been through several. This wallet, the way it's built and what it's built from is gonna last you a lifetime and you can pay for it in Bitcoin because if you're not selling your goods and services in bit for Bitcoin, you're not inside the circle p. The circle p is here to bring plebs with goods and services to other plebs just like you who might want to buy their goods and services.
When you support the leathermint.com by buying one of his wallets, you support me because the Leatherman can now support me because I made a sale. And if you want 10% off of one of these gorgeous forever wallets, then use the code Bitcoin and in the coupon code and get 10% off of your order. Right? So Bitcoin and coupon code, the Leathermint.com, go buy. He says, oh, Circle p made a sale for me. I'm going to throw him Satoshi. So then Leathermint can support me, and then I can support you by bringing you this show to tell you stories like this one. Michael Saylor's strategy has upped its Bitcoin bet with a $1,000,000,000 stock offering. Zoltan Vardai from Cointelegraph tells us how Michael Saylor's new stride or whatever the hell he's calling this thing has completely blown away strife and strike and everything else that he's already offered.
It's like the public is insatiable to get a hold of anything that looks like Bitcoin or is related to Bitcoin or has exposure to Bitcoin, but they're still afraid to hold Bitcoin. We We got a lot of work to do, people. Strategy, the world's largest corporate Bitcoin holder plans to raise 1,000,000,000 through a new stock offering to fund yet additional Bitcoin purchases. The company, led by Michael Saylor, plans to issue 11,764,700 shares of 10% series a perpetual stride preferred stock at a public offering price of $85 a share.
10% yield, ladies and gentlemen. I I'll bet you Misty, MSTY, I'll bet you see a massive outflow. It actually, you already have. You saw a 9% drop in the Misty shares yesterday. And I'm not gonna get into what Misty is, but it's about strategy. It's not offered by MicroStrategy. It's like a derivative of all this stuff. You you saw, like, a 9% drop. I'll bet you everybody's taking their money out of Misty because they want this thing, which is a 10% yield on series a perpetual preferred stock at a public offering price of $85 a share. They estimate raising about $979,700,000 from the net proceeds after deducting underwriting discounts and commissions for the firm's offering expenses.
The company plans to use almost $1,000,000,000 for general corporate purposes, including the acquisition of Bitcoin and, of course, working capital. The move this and here's the real meat of this. The move quadruples the company's previously announced $250,000,000 stock raise and introduces a new financing route beyond its historical use of common stock and convertible debt. In contrast, Strategies Perpetual preferred stocks will pay professional and institutional investors noncumulative dividends equal to 10% of stated amount. At the current price of a hundred and 3,800 per Bitcoin, which is now about a hundred and 5,000, the $1,000,000,000 would enable strategy to acquire an additional 9,633 Bitcoin significantly more than its last purchase of 705 Bitcoin for 75,100,000.0, and strategies Bitcoin premium has soared over 112% compared to spot Bitcoin prices according to Van Eck. Now we could go on, but we won't because the here's the point.
This is what is this thing called? Let's see. What oh, it was I think it's Stride is the name of this thing. Let's see if it's over here. Yeah. S t r d is the ticker symbol, and it's called oh, there's a truck outside. Oh, it's called Stride. Yeah. Alright. So at 10%, this thing's gonna do well. It they had to quadruple the stock offering because it's, like, clearly, you know, as far as people telegraphing to Michael that they're planning on buying it, this thing is oversubscribed by four x. They wanted to do two fifty, and now they've gotta raise it to a billion? The degeneracy out there is staggering. It's eye watering. It's kinda making me nauseous.
And, yes, the people that are on Twitter are crying right now because they're saying this will be the death of Bitcoin. No. No, won't. They were saying that about FTX. It just it did send us into a bear market. I didn't like it either, but did it kill Bitcoin? No. That's just dumb. Anybody who's saying this is going to kill Bitcoin at this point clearly hasn't been here long enough, has has either is either not here long enough or has never going to like Bitcoin, has never liked Bitcoin, and never will like Bitcoin, like, I don't name name your asshole, but it's not going to kill Bitcoin.
Could it send us into a bear market if all this shit folds up and evaporates? Absa freaking lutely. Do do I like that? No. I do not. Are there people out there that are infuriating, begging for, like, $5,000 Bitcoin? Absolutely. And I can't stand them because I'm just kind of fucking done with all this shit. It's time to go. It's time to go. Right? This this continuous I didn't get enough Bitcoin, so I went to wait until I'm a hundred and 50 years old to continuously buy it at 27,000 because I didn't get in at under a thousand dollars. Fuck you. I'm sorry that you missed it, bro, But it's it's time to stop all this shit and sailors not helping.
Because this just this kind of shit is unsustainable after a while. The real question is, is it sustainable up to this point? I don't know. But I do know that this is going to continue, and it is going to it's already reached a fever pitch, and it will probably get worse because why? Markets can stay irrational longer than you can stay solvent. This is when you are needing to be extremely careful. This is where people are showing you how much money they've made on Twitter. Some I've even seen it on Nostra because they got into MSTY and MSTR and STRIFE and STRIKE and all the other bullshit.
And you might be saying, you know, may maybe I should. Maybe I should sell some of some of my Bitcoin for this, and and then I'll dump out and I'll get I'll get even more Bitcoin. You are begging for tears. Let's run the numbers. Whoop dee doodie doggy. Futures and commodities West Texas Intermediate is up 2.13% to $64.72. Wow. I guess the divorce is completely over today. Brent Norce is up almost two points to $66.59. Natural gas up three points to $3.78 per thousand. And gasoline is up almost a point to $2.08 a gallon.
Gold is down point 89% to $33.45 in 0 dime. Silver is up point 8%. Platinum is up 2.8%, while copper is down 1.7. But palladium swinging for the fences at 5.35% to the upside. Biggest winner in ag today is corn, 1.08% to the upside. Meanwhile, biggest loser is coffee, point 8% to the downside. Live cattle is up point five oh, a half a point up for live cattle, but lean hogs, they're swinging for the fences too. 2% to the upside, so I guess they are actually taking over the ag spot. Feeder cattle, however, crawling sideways slightly in the red. Meanwhile, the Dow is up point six. Nope. Just switched over point 7%.
S and P is point 76%. Nasdaq, everything's in the green, point 79% to the upside, and the S and P Mini is point 6% to the upside. Hundred and $4,880 is the price of Bitcoin. That is a $2,080,000,000,000 market cap, and we can get 31.1 ounces of shiny metal rocks with our one Bitcoin of which there are 19,874,978.97 of. An average fees per block are low. Very, very low. 0.03 BTC taking fees on a per block basis. There are five blocks carrying 4,500 unconfirmed transactions waiting to clear at high priority rates of 3 Satoshis per vbyte. Low priority is gonna get you in at the same rate.
We are losing hash rate. 871.9 exahashes per second represents a fairly serious dip, but 871.9 exahashes per second is, like, 10 times more hash rate than just a couple of years ago. Just keep that in mind. From Supplication Coin, yesterday's episode of Bitcoin, and I got late stage HODL with 15,000 sats. Now that's a donation, brother. Hello, sir. Just came across your podcast recently. Listened to about 15 to 16 episodes all the way back to the free samurai episode. Anyway, keep up the good work, sir. Here's some value for value stats for your contribution to my 40 HPW.
Just a quick stupid question. When you say circle p, what do you mean? I understand the idea of a circular economy, but p? Pleb Plebconome. I like that word. Plebconome. Sir, you're very close. Circle p stands for circle pleb. It's a play off the circle k. Strange things are afoot at the circle k. If you know the movie that I'm making the reference from, good for you. But the circle p is sort of just like I'm I'm ripping it off. Yes. I'm ripping off Bill and Ted's excellent adventure. It's the circle p because it does stand for a circular economy in Bitcoin, but it's pleb based. And I really do like the word pleb economy. That actually works very, very well, and I might actually work that in. I appreciate that they're late stage, but I hope that answers your question. If not, let me know, and I'll try to do a better job. Axelrod with 1,021 SAT says, that was a badis show, b a d I s s. Thank you. I agree. It was a good show.
Deleted account with a thousand says cheese. Cheese, grommet. Actually, it doesn't say cheese, grommet, but it just reminds me of the, grommet. What was it? Wallace and Grommet? Yeah. Wallace and Grommet. If you've never seen any any of the Wallace and Grommet, stop action claymation cartoons, dude, you're so missing out. So missing out. Psyduck with seven twelve says, Psyduck. Yodel with 511 says, you're my regular daily Bitcoin news source. Thank you. No. Thank you. Turkey with 500 says, nothing at all again. Come on. Don't be a turkey. Next time, turkey, say something turkey. Don't be the turkey. Thank you, sir. With 500 sat says the circle p in the sky keeps on turning.
One of my favorite songs from Journey. Anyway, progressively worse with 300 says keep bringing the heat. Pies with a hundred says thank you, sir. No. Thank you. That's the weather report. Welcome to part two, the news that you can use. We're gonna start this one off with a fairly long one. This is written by Juan Gault for Bitcoin Magazine, but it's important because back in the day, there was a time when a young man said enough. He was tired of lies, and he created a project called BTC pay server. As other things have come up, like eCash and and, like, Fedimintz and, clearly, the Lightning Network and, you know, and all this, there's and and everybody's, like, aforementioned, you know, affinity to things like Stride and Stride and Strife, and everybody's playing the markets.
We don't hear a lot about BTC pay server anymore, but it is still remains in my mind and the mind of many of the other Bitcoiners that have been here for any length of time as one of the most important, one of the most critical pieces of Bitcoin infrastructure that there is that is not part of the Bitcoin code itself. BTC pay server solved and continues to solve a fuck ton of problems. And if you don't know what it is, by the end of this one, you will. BTC pay server, the backbone of Bitcoin commerce 2025. The genesis story of BTCPay Server is without a doubt one of the most iconic moments in Bitcoin history.
A single developer feeling betrayed by BitPay, a Bitcoin payments processing giant, and its attempt at co opting Bitcoin declared economic war on the company in a tweet that will never be forgotten by the Bitcoin industry. Quote, this is lies. My trust in you is broken. I will make you obsolete. Nicholas Doria went on to create one of the most widely distributed open source projects in the Bitcoin industry and perhaps the invoicing and payments industry as a whole, BTCPay Server. Much has been written about the context and motivation behind Dorrier's founding of the project. There's even a documentary about it.
What's seldom highlighted is how ambitious a project BTC Pay Server is, how feature rich it has become, and how deeply integrated it is with the industry. In fact, it is easy to forget that as an open source project with no centralized database of users, BTC pay server is both a massive privacy upgrade for its users and represents the removal of a fundamental middleman processing payments. As a result, Doerier and the BTC pay server community have created a public goods infrastructure, a kind of commons of payment processing that provides users real value by saving them fees and providing them with a much smoother user experience given that no personal information is required for the payments to flow.
Humbly described on their website as a self hosted open source cryptocurrency payment processor, BTCPay Server is an invoicing and accounting system for merchants, a fully featured Bitcoin wallet with full node capabilities, on chain lightning network and liquid network support, hardware wallet support, and a modular plug in system. The plug ins in particular extend the core of BTCPay Server into a wide range of niches. They also integrate into e commerce giants such as WooCommerce and Shopify. It is somewhat difficult to gauge the success and scope of BTCPay Server.
Because it is a self hosted platform that does not capture customer data of any kind, our view into its success is somewhat limited. However, we can get a sense of their reach by proxy of other metrics. For example, their primary software repository has had over 170 open source contributors with 8,393 commits at the time of writing. As of 2025, BTCPay Server has had 1,000,000 downloads directly from its GitHub repository which does not account for cloud providers of the software as hosted by companies like Voltage or Luna Node. It is also often the case that one instance of BTCPay Server serves multiple merchants and hosts multiple stores simultaneously.
Rockstar Dev, one of the top contributors to the project, told Bitcoin Magazine that there could be hundreds of thousands of instances of BTC pay server running throughout the world. Tobe Chilletta, a contributor to the project, also told Bitcoin Magazine that, quote, of the seven continents of the world, I think it is only Antarctica that I haven't seen someone run BTCPay Server. I'm certain we have merchants running in Asia, Africa, North America, South America, Europe, and Australia. BTC pay servers website business directory, while far from exhaustive, covers hundreds of merchants onboarded.
The BTC pay server community also does regular case studies of user cohorts or major merchants that use the software documenting their integration and story into their case studies page. It gives fantastic insights into a variety of Bitcoin communities throughout the world and includes useful guides on how to replicate various results and implementations. Namecheap, for example, boasted over $70,000,000 of Bitcoin volume since their integration of BTCPay Server. From 05/18/2020 to October 2024, they clocked in 1,100,000 transactions in total with over 500,000 users paying in Bitcoin, resulting in over $73,000,000 of revenue through payments made from over 200 countries.
BTCPay Incorporated, the parent company of the biggest Bitcoin conference in the world, has for years been setting up BTCPay server for its merchants and even has a one hour behind the scenes documentary on the complexities of setting up dozens of merchants at a conference. The event saw over 25,000 attendees including the forty seventh president of The United States, Donald J Trump. In this most recent Bitcoin twenty twenty five conference in Vegas, BTCPay Server was used to process a new world record of Bitcoin transactions within an eight hour period with 4,187 transactions in total.
The initial target was 4,000 transactions and was set by the Guinness World Book of Records organization. One of the most important dimensions of Bitcoin Pay Server is its plug in system. Given the wide variety of ways companies can interact with Bitcoin, the developer community has optimized the BTCPay Server code toward a plug in model that developers can build for with a well documented set of GitHub repos as well as an API. Today, there are over 30 plug ins available on BTCPay Server. Here are some of its greatest hits. BoltsSwapExchange plugin.
Bolts is an atomic swap exchange focused on the various Bitcoin layers such as Liquid, Lightning, Rootstock, and of course, Bitcoin on chain. It has gained prominence of late as a very simple solution to the channel rebalancing challenges Lightning wallets face. Rockstar Dev told Bitcoin Magazine that he is particularly impressed with the Bolt's integration and even tweeted as much earlier this year. Branded as a non custodial Bitcoin bridge, Bolt's allows users to swap between different Bitcoin layers while retaining maximum control of their funds using atomic swap technology that eliminates third party trust across crypto native payments.
For example, you can use Bolts via BTC pay server to make lightning payments where the sats are initially held at rest in a liquid network wallet and are pulled from that balance by the bolt's plug in. The l b t c is sorry. Hold on. Atomically I was about to say automatically. Atomically swapped for SATs on the Lightning Network via the Bolt's exchange and the Satoshis flow to the end recipient. This whole process is effectively non custodial. This is the same type of Lightning Service Provider style infrastructure with which Breeze Wallet recently announced integration.
While it is not quite as cheap as a user operated lightning node can be in the best of cases, it is far easier to set up and run, only demanding a few clicks on the BTCPay server interface. As far as BTCPay server is concerned, this bolts plugin represents a full lightning node integrating natively with the invoicing and accounting layers. This tech also scales quite well. One BTCPay Server admin can support many different merchants and not even have to run or manage a standard lightning node since the plug in supports automated liquidity management.
Now we have the Bolt Cards plug in. The Bolt Card, a company and a product created by the Coin Center Exchange, has come into prominence recently thanks to its unique graphics and the laser eyes that light up on tap to pay. They too have a BTC pay server plug in that lets users manage and connect these cool NFC cards to their wallets via the plug in. Bolt cards are NFC tap to pay devices that function like debit cards. Users can make Bitcoin payments in person with the same tap to pay experience delivered by Visa and Mastercard, though with far more privacy since bank cards transmit your name and full card details with every payment, whereas lightning users have the potential to pay directly from their own lightning nodes and without personally identifying information required for payments to process.
The BoltCard plug in and BTCPay server is fairly straightforward, allowing users to set up, reset, and check the balance of their bulk cards, allowing users to spend directly from their BTC pay server integrated lightning nodes. And then we have the Ghost blogging suite. Ghost, a popular open source blogging tech stack has recently integrated with BTCPay via a plugin letting users accept donations and paywall content The integration covers all forms of media formats and supports a tiered membership for exclusive content akin to Patreon but with Bitcoin.
And then there's Nostra support. Nostra is also integrated as a plug in to BTC pay server, which unlocks interactivity with that entire ecosystem. The plug in supports user account verification as an alternative to managing a user database and can support Zaps and Lightning payments via Nostra Wallet Connect. Satoshi Tickets is an event ticket management system, an example of the depth of tooling supported by BTCPay server plug ins and the potential that it unlocks. The ticket system is, of course, fully integrated with the invoicing and payments accounting layer, letting event businesses accept bitcoin and fiat payments with the help of other plug ins and API.
And then we have Prism. BTCPay Server has found a reliable niche in Bitcoin conferences where merchants are often encouraged to accept Bitcoin as payment and are willing to be onboarded to new technologies. The feedback resulting from many such tests is that merchants need dollar stability to at least, you know, cover their cost. And this is where the Prism plug in comes in. Prism allows the splitting of Sats flow to different pockets values allowing merchants to auto convert, say, 80% of their revenue to Tether, USDT, via an exchange like SideShift while keeping the remaining 20% in Bitcoin.
This kind of technology is essential for cash flow heavy businesses that have very predictable expenses and can't stomach the volatility risk. The profits, however, can easily stay in Bitcoin if they so choose. Cash plugin supports cash payments using BTCPay Server as the invoicing suite. It supports a wide range of fiat currencies, a key feature for brick and mortar businesses that do not serve the Bitcoin market primarily. Even podcasters who represent a significant and essential portion of the Bitcoin community can set up self host podcast two point o streaming via BTCPay Server with the dedicated plug in named pod server. BTC pay server is supported by various philanthropic and for profit organizations through grants and donations such as OpenSats and the Human Rights Foundation, Spiral, and Tether among others.
Individual contributors are sponsored at times to do specific or general work while a BTC pay server nonprofit foundation has also set up or been set up to handle tran traditional donations and distribute them to the contributors on a case by case basis. So just keep that in mind. That is the end of this article. Yes. I know it's long, but we can't forget. We we just can't forget these earlier projects that have come up. Because BTC pay server, while it did come up after, I think, after lightning was introduced, it's still just as important as lightning network is. Now that's the thing is that you you'll you might say, but I've never heard of BTC pay server. That's what I'm trying to fix.
Not only is this an old project that has been around for years, battle tested for years, bug fixed for years, contributed to for years, it represents one of the very best parts of Bitcoin. When BitPay and their CEO and I can't remember the name right now, it doesn't really matter when they decided to sign the New York agreement to try to essentially fork Bitcoin and basically try to take it over is essentially what happened, that's when Nicholas Doria just he had had enough. And said, fine. Fuck you. I'll just build my own goddamn shit. I don't need you as a payments infrastructure. I know how to code, and that was before AI.
That was before vibe coding. That and and I vibe coding is not going to solve every problem. It's not gonna solve a lot of problems. It's going to solve some problems because there are some people that don't know how to do certain things or not as good of a coders they should be that will be able to at least attempt to get their idea in a workable form outside of their head. That is a critical issue as we move forward. Nicholas Daurier fundamentally was I don't wanna say lucky, but for lack of a better term in time, he was lucky enough to have both the brains, the Braun, and the know how to code up the very first instance instance of BTC BTC pay server.
We owe him a lot, and we owe BTC pay server a lot tell your friends about BTC pay server go learn about it shit I mean there are all manner of links to all kinds of different things in the the article that I just read you The link to this article is gonna be in the show notes. Take some time. Go if you don't know anything about BTC pay server, god forbid this is the first time that you've ever heard about it. And if it is, fix that shit now. Go figure out what BTC pay server is, what it can do, how long it's been here, and who is involved in the project. It's an it's an extremely important project.
Now let's move on to early Twitter investor builds a $100,000,000 Bitcoin treasury for public health company. Wow. Okay. That's an interesting way to term it, but this is, by the way, Liz Napolitano writing for Decrypt. Yet yet another public company with little to no previous involvement in cryptocurrency has signaled that it will top off its coppers coffers with Bitcoin. Health technology firm, Knowlabs, k n o w, Labs, Knowlabs, plans to buy 1,000 Bitcoin worth roughly a hundred and 5,000,000. The company representative said on Friday in a statement also announcing that prominent fintech investor Greg Kidd would be acquiring a controlling interest in the firm. So, oh, so not only are they gonna buy a whole bunch of Bitcoin, they've got a guy that wants to buy a whole bunch of the company that's buying a whole bunch of Bitcoin. Quote, I'm thrilled to deploy a Bitcoin treasury strategy with the support of a forward looking organization like Nolabs at a time when market and regulatory conditions are particularly favorable, Kidd said in a statement.
Quote, we believe this approach will generate sustainable growth and long term shareholder value. Yay. Better put a tie on that suit speak. I love it when they say words but actually say nothing. Bitcoin was recently trading at a hundred and 5,000, blah blah blah. Nolab shares are trading at 87¢ a share. Wow. Marking a 71% increase in its stock price since Thursday's close. Wow. And that's just on the announcement. That's almost like an announcement of an announcement and a 71 increase in their stock price. I I've gotta pause because it just dawned on me.
Legacy markets, the people that are buying stuff like Strike and Stride and Strife and and Misty and all that kind of shit. Yeah. There's a lot of shitcoiners out there that are doing it, but there's a lot of Bitcoiners that are converting Bitcoin into it. Yes. We can bitch at them. But I don't think they're the majority of people driving those those markets or that particular sector of the market. I think it's just I think it's just general, like, like, finance bros that are looking for anything other than zombie companies to invest in because I can almost guarantee you, if you really dig into the weeds on each one of these companies that we think are oh so great, what we probably find is that from a skeletal standpoint, they have osteoporosis or or widespread bone cancer or something that is going to essentially and eventually take out the frame of which all the lies sit upon.
And they're looking for anything else. And you know what's probably going to be all shiny and sparkly? Is something new. And this is not investment advice. Alright? And I really have to state that because I could get my ass sued, and I'm not going to do it. But I can almost bet that you're going to see continual continual outflows from zombie based companies to stuff like Nolabs. When you've got almost a like an 87% or an 87¢ share price, they're gonna get into Bitcoin. Their share price, you know, is like 71 just because of the announcement. Their share price rises 71%. You're not getting that with Microsoft. You're not getting it with Amazon. You're not getting it with Google. You're not getting it with Nvidia.
It's just all smoke and mirrors when you're talking about companies that are that are really along at 50 to one price to earnings ratio. I'm paying $50 for a share that makes me $1 a year at a 50 to one. Right? My my dad was always the guy who's saying on price to earnings, you need to be looking at four to one, eight to one, and even eight to one made him nauseous, and that was in the mid eighties. Do the math. Where do you think this shit's gonna rotate into? It's the same story on Wall Street for decades and decades and decades and decades. They're they're coming here because the strategy shifts comes as a growing field of public companies stock their reserves with cryptocurrencies to share in the success of software firm strategies, Bitcoin holding playbook, and strategy is the largest publicly traded big yeah. We know. We know. We know.
That's pretty much the end of that article. No labs. Maybe we should look into it. Hell, I don't know. Better than shoving your money into freaking Google, that's probably for sure. Anyway, there's another company, a Bitcoin life insurer, meanwhile, becomes the first company to publish audited financials denominated in actual Bitcoin. Jenna Montgomery has this one for Bitcoin magazine. Insurance Bitcoin wait a minute. Insurance Bitcoin Limited, that's the name of the company. Insurance Bitcoin Limited announced it it has become the first company in the world to release externally audited financial statements denominated entirely in Bitcoin. According to the announcement, the company reported 220.4 Bitcoin in assets and a 25.29 BTC in net income for 2024, which is a 300% year over year increase quote.
We've just made history as the first company in the world to have a Bitcoin denominated financial statement externally audited, said Zach Townsend, CEO, oh, of meanwhile. Sorry. That that's the company's name. I'm just a little confused. I've got four brain cells. Give me a break. Meanwhile, quote, this is an important foundational step in reimagining the financial system based on a single global decentralized standard outside the control of any one government. The financial statements were audited by Harris and Trotter LLP and its digital asset division, h t dot digital. Meanwhile, financials oh, god. Oh, god. This is a terrible name for a company. Sorry. Meanwhiles financials also comply with Bermuda's insurance act 1978 noting that their BTC denominated financials were approved and comply with official guidelines.
The firm, fully licensed by the Bermuda Monetary Authority, operates entirely in Bitcoin and is prohibited prohibited from liquidating Bitcoin assets unless through policy holder claims positioning it as a long term holder. That's interesting. Unfortunate name because it makes me look stupid, but, hey, I'm gonna give them a break. At least they got their financials audited in Bitcoin. And finally, Posta Romana launches the very first Bitcoin ATM in post offices. Atlas twenty one has the story. Romania has witnessed the inaugural first Bitcoin ATM placed within the offices of Posta Romana, the country's national postal service. The installation took place at the Tulcia I can't T U L C E A, Tulcia, I guess. I'm sure it's not pronounced that way. The Tulcia branch, the result of a strategic collaboration between Posta Romana and Bitcoin Romania, 1 of the country's leading exchanges.
According to the official announcement from the postal service, this marks only the first step in a broader project. God, I wonder what that is. The next locations set to host these ATMs will be Alexandria, Piahtra Nemat, Confirming the postal services commitment to widespread distribution of these devices. The integration of Bitcoin ATMs and post offices is part of a wider strategy to modernize the existing infrastructure through cutting edge digital technologies. The initiative also aims to expand the range of services available in areas of the country traditionally underserved.
So Bitcoin ATMs in yet another post office, except this time in Romania. Telling you, man, Eastern Europe is one of the places that I watch a lot, even if they are part of the, you know, even parts of Eastern Europe that are part of the EU. I still look at Eastern Europe because it's different than Western Europe. I'm sorry. It just is. They might have taken the Berlin Wall down, but it never really those roots were I mean, you're talking about, like, four four decades of the separation between Western Europe and Eastern Europe predominantly represented by the Berlin Wall in Germany. Yes. I know. But it was symbolic. It it was part of the the iron curtain in the, like, right after World War two.
Russia basically dropped the what was then referred to as the iron curtain. And from a sociological standpoint, it really changed the face of Europe. And I never believed that dropping the wall between East And West Europe through the Berlin Wall falling really changed as much as we think it does. And that's why I keep my eye not on Western Europe, but on Eastern Europe because those guys those guys even though that they were on the quote unquote the wrong side of the iron curtain, I think that caused them to be a little bit more pragmatic and not so apt to believe rafts and wheelbarrows full of bullshit, which is what The United States and Europe has been feeding the rest of the world for years, predominantly and specifically with European Western European currencies, especially the pound sterling, and now the euro, and, of course, the United States dollar.
It's Eastern Europe, the Baltics, the Balkans, the Continent Of Africa, South America, Central America. These are the things that I watch. Everybody else, they're gonna be last on the boat, except for possibly The United States, but we just can't seem to get our ever loving shit together. Be that as it may, it doesn't really matter. I am out of time. I gotta go. 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.
Introduction and Market Overview