Bitcoin And . . .

Share on social media:

Join me today for Episode 888 of Bitcoin And . . .

Topics for today:

- Oil and #BTC Move Closer Together
- Hong Kong ETFs Trading 4/30 Confirmed
- 3nm Chips Are Coming
- BitVMX, Square, OpenSats, and Liquid Announcements
- Blossom is Awesome

#Bitcoin #BitcoinAnd

Circle P:
https://theleathermint.com/
Nostr: @LeatherMint
Twitter: @TheLeatherMint
Coupon code is BitcoinAnd for 10% off.

Articles:
https://www.reuters.com/business/finance/russian-court-orders-seizure-jpmorgan-chase-funds-vtb-lawsuit-2024-04-24/

https://cointelegraph.com/news/nigerian-central-bank-freeze-user-accounts

https://bitcoinmagazine.com/business/hong-kong-bitcoin-etfs-to-trade-30th-april

https://decrypt.co/227690/venezuela-turns-to-tether-to-skirt-us-oil-sanctions-report

https://www.coindesk.com/business/2024/04/24/jack-dorseys-block-is-building-a-bitcoin-mining-system/

- 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://techcrunch.com/2024/04/24/block-now-lets-square-merchants-convert-a-part-of-their-daily-sales-to-bitcoin/

https://www.rootstocklabs.com/content-hub/announcing-bitvmx-an-advanced-computational-layer-for-bitcoin/

https://www.nobsbitcoin.com/blossom-intro/

https://www.nobsbitcoin.com/el-salvadors-chivo-wallet-source-code-vpn-access-leaked/

https://highlighter.com/npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft/NDK-2-8-Fast-and-steady-hzfwnt?ref=nobsbitcoin.com

https://www.nobsbitcoin.com/opensats-receives-1m-from-reynolds-foundation/

https://www.nobsbitcoin.com/liquid-wallet-kit-lwk/

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/

[00:00:00] Unknown:

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 10:10 AM Pacific Daylight Time. It is the 24th day of April 2024. Holy shit.  

Is that a palindrome?   4/24/2024.   No, not not not, well,   not quite. Not quite a palindrome. But it is a palindrome show because this is episode 888 of Bitcoin.   And this is gonna be a there, we got all kinds of shit going on today, man. So we're just gonna jump right into it. However,   circle p is definitely open for business. And today I'm bringing you   the Leathermint at the leathermint   dot com. That's right, the leathermint.com.   If you want some high quality,   stylish,   and functional   leather goods that are hand stitched,   you you need to go over to the leathermint.com.  

That is the leathermint,   m I n t,   dot com, all one word. You can get a hold of them over there at   Leathermint   on Noster   and on Twitter or otherwise known as dead birdsite   at the leathermint   coupon code. They gave me a coupon code. So if you want 10% off of your purchase of any of their leather goods,   you need to put Bitcoin   and all one word into the coupon code, the little box that they give you when you're buying your stuff. If you need a new wallet,   dude, get one from these guys.   You need some   some signing hardware device protection?   Well, these guys have that too. You can step into the world of the Leather Mint where luxury meets everyday essentials.  

Discover our latest collection of stylish, functional, and high quality leather goods. From sleek signing device apparel to elegant belts, wallets and passport holders,   each piece is handcrafted   for those who appreciate   sovereignty and style.   Don't just wear accessories, make a statement with the Leatherman.   Visit us now and embrace the craftsmanship   that sets you apart.   So I've got, the leathermint.com's   website up here.   Hold on for a sec. Yep. Leathermint.com.   The leathermint.com.   I've got their website up here to show some people that are over there in zap.stream,   the live chat, what kind of high quality stuff that they have. I'm just gonna leave it   up here for a while while we get the morning started. Good morning. Oh my God, red dildos.  

We got all kinds of stuff going on today, but we're gonna start with   the Russians.   That's right, the Russians.   And I'm so I'm honestly   surprised it took him this long   to do this.   But this is a story out of Reuters,   right? So Payback is a bitch   and   Karma is also a bitch.   Russian court   sees   it orders the seizure of JPMorgan   Chase funds   in VTB   lawsuit.   This came out today.   A Russian court has ordered the seizure of funds   in JPMorgan   Chase bank accounts in Russia.   Court filing showed on Wednesday in a lawsuit filed by state owned bank,   VTB   as it seeks to regain funds blocked from abroad.  

JPMorgan   Chase last week sued VTB in New York to halt its efforts to recover   $439,500,000   from an account that was blocked after Russia dispatched   the its army to Ukraine   in 2022   and VTB was hit with sanctions.   JPMorgan Chase declined to comment on the Russian   court's interim measures.   VTB   did not immediately comment on Wednesday. It has previously declined to comment on its legal disputes with JPMorgan Chase.   The arbitration court of St. Petersburg and the Leningrad region's ruling was dated April 22nd. The   court said   it had ordered the seizure of all funds in JPMorgan   Bank   accounts in Russia, including correspondent accounts and those open to the name of a subsidiary.  

The court said it had not seized securities and property held by JPMorgan   Funds   or the jpmorgan.rudomain.   In a complaint filed in federal court in Manhattan earlier this month, JPMorgan   described VTB's attempt to recover the money in Russia as a blatant breach of its agreement to have disputes addressed   in New York.   The largest US bank said US law prohibits it from releasing $439,500,000   and VTB,   Russia's 2nd largest bank, will try to seize assets   or its assets abroad if it prevails in the Russian lawsuit.   It said VTB's prospects   there were good,   with Russian courts having granted at least 6 other Russian banks relief against US and European banks   that were required to comply with sanction laws.  

It's   okay. So that's that's the gist of what's going on today.   And   honestly,   just just   it makes me laugh. I can't help but to laugh at this entire thing. One,   I'm really surprised   that it took him this long to go after United States interests that were still in Russia.   And second,   the entire notion  

[00:06:17] Unknown:

that  

[00:06:19] Unknown:

I don't there there's actually three things.   The entire notion   that the West, United States included, and European banks got together   to essentially steal   Russia's   money out of the international banking system.   They just seized it. Now,   again, I'm I'm not exactly thrilled that that Putin decided to invade Ukraine,   but I'm not thrilled with the fact that Ukraine is clearly   a United States and European   money laundering operation and has been   since the Clinton administration in the United States starting in 1990 91.   That's what Ukraine when people say, what   what is   what is the strategic   importance of Ukraine to the west? And people say it's grain production.  

No. That's bullshit.   The strategic importance of Ukraine is a backwater   money laundering facility for banks of the United States and Europe. End of story. Period.   That's what it is. It's a well, it's it's   there's some other things that go along with it, but the the   the candlestick,   the the absolute   centerpiece   of what Ukraine is to the west   is a money laundering operation.   Now the second or the third thing that I find just hilarious is   I'm still trying to figure out Putin's   thought process   leading up to the invasion of Ukraine,   the money laundering operation of the West. Right? Like I said, I'm not thrilled that he decided to invade this this place. I mean, Ukraine   itself has lost, what, half a1000000 of its of its adult men.  

Their population is just   they're they're done.   They they they're not making babies   at this point.   This is a problem. But the the thought process of Putin himself leading up to the invasion of Ukraine,   did he not even think   to try to recover   all the international funds, the forex stuff, any gold, whatever it is that has been seized by the West? Did he just think that we weren't gonna do that?   I have a hard time believing.   After all the shit that we witnessed   through especially throughout COVID, but certainly leading up to COVID from 2,008 back to 2,001,   that Putin was actually sitting there going, our money is gonna be completely safe. We're gonna completely jack with NATO.  

NATO is basically the umbrella corporation for all central banking in the world, or at least that that matters. But it's gonna be fine.   I just have I got a big problem with these people.   There's no way, no way, no way that Putin wasn't sitting there thinking   that this was gonna be all okay, that they weren't gonna lose anything. Please please please, somebody who understands   international   intrigue a hell of a lot better than I do, please tell me   why Russia didn't try to recover all their shit before they launched this attack.   I mean,   the only thing that I can figure is that it would have been a direct signal to the West that was confirmation that they were in fact going to invade And now because they had a pullout date   of all their money from the international banking system that they were obviously going to attack within, like, 2 or 3 weeks or something like that. That is the only thing that I can figure as to why Putin   would have allowed all that money   just to be in the hands of the very people that he knew were going to come down on the side of Ukraine. Again, the largest money offer money laundering operation   in history,   in my opinion.  

But now Russia looks like they're trying to, you know, do something with   the funds in in JPMorgan. And I don't even know how that shit's gonna work because all that shit's connected to SWIFT.   How are they going to seize it?   The the the central banking system has been completely captured by the West.   Every valve, every lever, every pipe,   every   pump   of the money system of the modern world is owned   100%   by NATO.   And anybody who thinks differently   doesn't understand what the hell is going on.   None of these people should be trusted. Putin shouldn't be trusted. But the Western banking system should also not be trusted. And this is why we Bitcoin. Moving on, Nigeria's Central Bank   has been forced to deny claims of a crypto account freeze.  

This is Amaka Nawwakachaka.   I can't pronounce that name. It's Cointelegraph though. So let's get into it. The Central Bank  

[00:11:16] Unknown:

of Nigeria  

[00:11:17] Unknown:

has been forced to deny a report saying that it issued a directive requiring all banks   and financial institutions to identify individuals or entities   engaging in transactions with cryptocurrency exchanges   and to ensure that such amounts are put on post no debit instructions for 6 months.   A post no debit instruction is a directive issued by a bank or financial institution   to restrict certain transactions on a customer's account.   Canada did that shit at the trucker protest. That's post no debit. Right? Okay. When a PND instruction is in place,   the account holder is prohibited from making debit transactions, meaning that they cannot withdraw funds   nor make payments using the affected account.  

Confusion occurred when the central bank denied the story on Twitter, but then deleted the denial.   Some hours later, they claimed the allegations were indeed false.   The bank said that it would catch anyone it believes is buying and selling Tether   on the listed platform   forms illegally, especially those using peer to peer methods. Yeah. Good luck. I call bullshit. The alleged circular also stated that regulated financial institutions engaging in crypto or facilitating payments for crypto exchanges   are prohibited.   However, this contradicts an earlier ban lifted in December of 2023   that allowed banks to facilitate transactions for crypto exchanges.  

The central bank lifted the ban nearly 2 years after enforcing a comprehensive ban on banks engaging with digital currencies. And according to a statement   by the CBN   at the time,   it recognized   that the increasing global demand and adoption of crypto make it unjustifiable   to maintain the stringent restrictions imposed on financial institutions   in 2021.   However,   due to the swift devaluation of the naira and the subsequent inflation rate of a measly 30%,   Jesus. The government shifted its attention to platforms offering cryptocurrency services.   It disabled websites associated with crypto trading that had gained notoriety   for setting   informal valuations for the naira.  

Binance   encountered significant scrutiny when the CBN raised concerns regarding suspicious financial transactions   occurring through Binance Nigeria   in 2023.   CBN Head, there's no way I could pronounce his name, said that $26,000,000,000   had passed through Nigeria via Binance in 2023.   Binance is facing further challenges. Yes. We know.   So you know what this reminds me of?   This reminds me of India.   First, there's a band, then there's not a band, then there's another band, then there's not a band. Well, at and then there's a band, but it's only for this certain sector, and then that ban gets lift, but then placed on another sector.   And India has been flip flopping on Bitcoin for   a decade. Let's just call it   a straight up decade   at at at best. Alright? Maybe 7 years at least. In either event,   this looks just like that. Nigeria   cannot figure out what it's going to do.  

I know they're being instructed   to ban this stuff,   but you're talking about Nigeria. This is not a non   an unpopulated   region of Africa.   And these people are getting pissed.   And nobody wants to have their head separated from their body. And if people get pissed enough, that's exactly what happens to people that are causing the pain. It just does. I'm not calling for it, but I'm not an idiot either.   This is what happens.   So who knows what are they trying to appease both their own population   to make sure that they don't get their heads chopped off as well as the IMF and World Bank?   Because those 2 those 2 playing pieces cannot be moved simultaneously.  

They are at opposing odds. The IMF   hates the citizenry of the world.   That is clear.   The World Bank also hates the citizenry of the world because who likes plebs?   Just get rid of them. They're just useless eaters.   We just want our rich friends to inherit the world.   Sorry for you, that's not gonna happen because   this is why we Bitcoin.   And Hong Kong wants to bitcoin too.   Hong Kong,   the first bitcoin ETFs are begin trading on April 30th   according to confirmation from Hash Key Capital Bitcoin Magazine, Vivex in writing.   Hong Kong Security and Futures Commission   recently approved   spot ETFs for several major asset managers.  

The approval comes months   of after months of anticipation   and marks a significant milestone for the Bitcoin industry in Asia.   Hashkey Capital,   a local asset management firm, confirmed   that its Bitcoin ETF will start trading   next Tuesday.   In a statement, the spokesman for the firm acknowledged the launch date, making it one of the first companies to offer a spot Bitcoin ETF in Hong Kong.   OSL,   a digital asset platform that acts as a sub custodian   and infrastructure service provider   for 2 major fund managers,   has also indicated that spot bitcoin products aim to launch as early as late April.  

This news further solidifies Hong Kong's position as a front runner   in the phase in the race to offer investors access   to bitcoin through traditional financial instruments.   Elsewhere,   some of China's top asset managers   are in the final leg of preparations for the spot ETFs to begin trading potentially   by the end of April.   This development is expected to attract significant   interest from investors within,   as well as outside   Hong Kong.   Alright, that's all we need to know about that. So Hashkey,   at least Hashkey Capital,   has confirmed   that their particular product,   their particular Bitcoin spot ETF   will   start trading   on April 30th.  

So   that seems to be the day. It seems to be confirmed.   I don't see anybody denying it. So   I I guess I guess we're lining up the horses   to come out of the gates   on April 30th in Hong Kong for the Bitcoin ETF.   Going back across the pond,   let's get to Venezuela.   Venezuela turns to Tether   to skirt US oil sanctions according to a report.   Jose Antonio Lanz has it for decrypt.   The oil industry in Venezuela will soon be back under US sanctions   after a 6 month pause and the economic impact has reportedly driven the South American nation to accelerate its adoption   of cryptocurrency   in oil trading.  

I I gotta pause   for 2 things. 1, to say hello to my friend, Uno, who's over here in the chat zapping the shit out of me with   4 zaps already.   So if you guys want to,   wanna 1 up Uno,   no pun intended,   get into zap.stream.   Come into the stream and, I don't know, point point your finger at me and laugh. Do whatever it is that you gotta do.  

[00:19:09] Unknown:

Oil trading   and cryptocurrency.  

[00:19:14] Unknown:

Oil.   You got Venezuela.   Guys, Venezuela has been one of the largest oil exporters in the world for decades.   It's heavy crude.   And this is important. It's not West Texas light sweet crude.   What's the difference you ask? Well, heavy crude, you can refine a shit ton different products from not just gasoline,   not just motor oil,   all kinds of other stuff.   West Texas Intermediate is great. Don't worry, you know, don't get me wrong. Light sweet crude   totally has its place. But if you want some heavier industrial   components,   you're going to heavy crude.  

And heavy crude, that's one of the reasons why it fetches a slightly higher price than light sweet versions. In either event,   Venezuela's been at this ship for decades,   and now they have an escape hatch.   Let's see what happens.   As part of efforts to encourage Venezuelan leadership to conduct a fair presidential election in July,   the US implemented general license 44,   which authorized transactions related to oil or gas sector operations in Venezuela. However,   after opposition candidate Maria   Corina   Machado   was banned from running by the government of Nicolas Maduro,   the license is being revoked.  

Amid the political turmoil, Venezuela's state run oil company, PDVSA,   plans to increase the use of digital currencies in its crude and fuel exports   according to sources cited by Reuters.   The move is intended to reduce the risk of sale   proceeds   getting frozen in foreign bank accounts due to the revived sanctions.   Venezuela has been using crypto for years as president Maduro has himself confirmed.   But Reuters reports that PDVSA   this year moved many spot oil deals to a contract model   that demanded prepayment for half of each cargo's value   in the USDT   stablecoin.  

Even during the sanctions pause,   The return of oil sanctions is simply speeding up the shift.   Additionally,   the oil company is reportedly requiring any new customer   conducting oil transactions   to hold cryptocurrency   in a digital wallet   with confirmation   that you got the funds. And we have given them the the technology to be able to do that without a trusted third party.   This is oil.   The world runs on it. Not just Venezuelan oil, obviously.   Obviously. Oil's all over the damn place. But,   dude, once once the dam forms the crack and the water starts dripping through, it doesn't take long for the drip to turn into a stream and then the entire fucking dam to collapse.   It probably is starting with Venezuela. Anyway,   the move   by the bank may be driven more by convenience than strategy   as Tether, the blockchain platform underlying USDT, has a track record of blocking   crypto addresses that are identified by law enforcement agencies as owned by sanctioned individuals. And in fact,   more bans were enforced   just today.  

Quote,   Tether respects   the Office of Foreign Asset Control, SDN list   and is committed to working to ensure   sanctioned   addresses   are frozen promptly the firm told crypto slate Notice they use the word the firm. They're talking about   Tether.   They're talking about a company.   It's not really   anything like Bitcoin,   is it?   That's an important note. We'll get to that.   According to Dune Analytics,   Tether has voluntarily   blocked   1426   USDT   addresses,   which represent over   $1,000,000,000 in funds.   In early 2018, Venezuela announced its intentions   to launch a native cryptocurrency   First proposed to run on the Ethereum blockchain, the token was poised to be censorship resistant and easily tradable.  

Months later, the government moved to a private blockchain,   which the US later targeted and sanctioned,   preventing its global adoption. No. It's a shit coin. It wouldn't have been globally adopted anyway. Not not not right now. The coin died in 2024 after a major corruption scandal   ended with the detention of the oil minister and the cryptocurrency   superintendent.   Oil and cryptocurrency is moving closer and closer together because now we've got full blown corruption of the oil minister   as it pertains to cryptocurrency.   That's important to note.  

Anyway,   both of those guys, the cryptocurrency   superintendent and the Venezuelan oil minister, are both wanted by the United States government   for corruption charges because apparently   we can just do whatever   we want   to any sovereign country in the world.   And I'm a United States citizen. You think maybe I should be happy about that? Oh, I'd live in the strongest country in the world, and we could basically turn anybody into our little bitch. I am not excited or thrilled about that in in any way, shape, or form   because what's good for the goose is good for the gander.  

That means   one of these days, the tables can be turned.   This shit needs to stop.   This shit, it just needs to stop. Anyway, Venezuela's oil exports have increased during the pause.   The nation's oil ministry confirmed that the country exports nearly   1,000,000   barrels of oil.   That's its highest export in 4 years.   Nicolas Maduro remains defiant   in the face of the sanctions. Quote, even with sanctions, blocks, and threats, we will move forward in the country's development   and our people's peace, he tweeted yesterday. If you guys think I'm a Nicolas Maduro fan, you're also crazy. The dude's a scumbag, but at least he's a sovereign scumbag.   The shift towards cryptocurrency and oil   trades is a significant move for Venezuela as it seeks to maintain its oil exports in the face of foreign sanctions.  

However,   relying on middlemen for transactions could mean a portion of oil proceeds end up in PDVSA's   pockets.   Venezuela's   most recent corruption scandal involved $21,000,000,000   hidden from the government by PDVSA   executives   using cryptocurrencies.  

[00:25:53] Unknown:

That's all we need out of this story.   There's  

[00:25:58] Unknown:

there's major thing there's 3 major things here. One,   oil   runs the world and it's moving closer and closer to Bitcoin than you can possibly imagine.   And the minute that that shit fuses   and solidifies,   watch out for the rest of the oil bearing nations of the world, and that means NATO needs   to   be needs to be scared.   Honestly, NATO needs to disband at this point. We don't really need it, but it is what it is. Right? I'm I it is what it is.   But this shit   is just going to make NATO,   the IMF,   the World Bank less and less relevant.   That's why they're freaking out. And okay. So 2,  

[00:26:44] Unknown:

now I have 3 points.   Oh,  

[00:26:47] Unknown:

the fact that Tether   is a centralized company   and it's becoming clearer and clearer to people that are using Tether that they might as well just be using JPMorgan Chase   or Bank of America or Wells Fargo or whatever else.   Because these accounts are being frozen. They are accounts. They are not sovereign wallets.   Nobody seems to understand that. Oh, I used other and it's completely decentralized.   No. No. No. No. It is not.   So what does that mean?   They tried using Tether, they got their ship blocked, they're trying to use Tether again,   but that's gonna get blocked as well. So but and in the interim, they try to develop their own private blockchain.  

What's left?   Right. Bitcoin.   That's the only thing that's left.   This this is one of the main shapers of oil,   sanctions,   Venezuela,   heavy crude,   the   combination of energy markets   and mining markets and and all this shit, as it solidifies,   it it becomes more and more evident that the only real escape valve is Bitcoin,   and all of the rest of the malarkey   that is being spread about altcoin this and tether that and stablecoin   whatever   is all bullshit.   The only money that matters is Bitcoin. That's it. That's why.   And Venezuela is gonna figure it out at one point or another,   and the rest of the world will follow suit. They will not be using Tether. They will not be using USDC.  

They will not be using Dogecoin.   The only escape valve that is viable, that is real, that matters, that is long lasting   is going to be Bitcoin.   And the energy markets have always ruled the planet or at least as far as the last, let's say, 100 years.   And that's not stopping   anytime soon.  

[00:28:53] Unknown:

It's just   it just is.  

[00:28:57] Unknown:

So   be prepared to watch oil   energy markets   become closer and closer to Bitcoin until it just gets stitched.   Like these fabulous wallets from the Leatherman. Look at that stitching. And I'm sorry, man. I   I'm trying to shill my friends.   Let's get on. Jack Dorsey's block is building a Bitcoin mining system.   This is actually fairly compelling.   CoinDesk,   Helene Braun is writing this one.   Block,   the payments company founded by former Twitter CEO Jack Dorsey, is building its own Bitcoin mining system as it deepens its footing in the challenging crypto mining space, the firm said on Tuesday.   The firm, formerly known as Square, said in a blog post that it completed the development of a 3   nanometer mining chip, which it had been working on since April of 2023.  

The full design is in process with a leading global semiconductor   foundry, according to the post.   In addition to that, Block said that after speaking to community members about the pain points in the industry,   it decided to also develop a full Bitcoin mining system, which will include system design, quote,   we've spent a significant amount of time talking to a wide variety of miners to identify the challenges faced by mining operators.   Building on these insights and pursuant to our goal of supporting miner decentralization,   we plan to offer both a standalone mining chip   as well as a full mining system of our own design.  

The Bitcoin mining industry is dominated by only a few players with Beijing based miner Bitmain controlling   60% of the market according to estimates.   Quote, there are few serious competitors, which   indicates significant potential for disruption, said James   Butterfill,   head of research at Coinshares.   Block announced the completion of a 5 nanometer Bitcoin chip,   in May of 2023, which is the same technology that Bitmain's s 21 minuteing machines uses, quote, this leads us to believe that 3 nanometer chips could achieve even greater efficiencies.   Although chip efficiency has rapidly improved in recent years as demand for Bitcoin has picked up, the latest halving event on April 20th   adds even more importance for faster mining speeds as well as lower cost and enhanced reliability,   Butterfield said. So 3 nanometer chips at this point,   3 nanometer   semiconductor   chips   are at   very close to the theoretical limit.  

And I believe the theoretical limit   for chips that will actually function   in a way that is prescribed by the design is 1 nanometer.   Right? But that's   that's a lot that, you know, it took us a while to get to 3 nanometers.   Right? I remember when 16 nanometers was a big fucking deal,   you know, and then came   12 and then came 9 or whatever.   And now we're down to 5, and it looks like we just got to 3.   Now, I want everybody to understand   that I don't believe the theoretical limit   actually   is to be believed. Alright?   I know, I'm not a physicist, I'm not a material scientist,   I literally should have nothing to say about   this except that I do know for a fact that there exists today   and has existed for well over a decade   a carbon   based transistor   that is in regular use in electronics.  

It's made of carbon.   Right? And it's a transistor and it's in it's in   semiconductors.   It it the smallest   version of it is 6 carbon atoms wide   which is a lot smaller than 3 nanometers   It is trust me.   It's it's way smaller.   So I think we've got a I think we've got a hell of a lot more runway   beyond 1 nanometer   than most people think.   But, again, not a materials physicist, so what the hell do I know except that we're already past the theoretical limit? And it just it it it's bizarre   that nobody's really talking about it, but I don't know. Whatever. Hey, let's run the numbers.   CNBC Futures and Commodities. They got West Texas Intermediate Oil, which we were just talking about. It's down a full point today. $82.61.  

Brent Norsee is down 3 quarters of a point to $87.80.   Natural gas is   it's down 5 and a half points. Holy shit. $1.71   per 1,000 cubic feet. Gasoline is up scant to $2.72.   Shiny metal rocks are all having a bad day except for copper, which is the only one in the green. It's up a half a point.   Agricultural   stuff,   biggest winner today is chocolate.   Jesus.   It's up 8.66%.   It doesn't even make sense.   Lumber is down 1 and a quarter points.   Live cattle is down over a point. Lean hogs are down a third. Feeder cattle, down 1.2%.   Even the legacy financial   equity markets are having a bad day. The Dow is down 0.13%.  

The S and P is currently unchanged.   Nasdaq is up by,   what, a third of a point, and the S and P mini is down 0.16%.   Clark Moody's dashboard, which   completely destroyed all of the stuff that I had saved for my my own little personal dashboard. I had to put it together.   Price, $64,940   because people just wanna be fucking poor, I guess. I don't know. $1,280,000,000,000   of market cap. You can now purchase 28.1   ounces of shiny metal rocks with your 1 Bitcoin, of which there are 19,689,300   no.   439   0.87   of. And average fees per block are 2.37   BTC.  

That's for the whole block, not a transaction. We'll do transactions here in a second. Actually, we're gonna do them. Well, no. We're not gonna do transactions because I didn't set it up. Alright. Post   having   hangover. That was episode   887   of Bitcoin, and I got boostograms.   Mister man boosted 10,001   sat. Dude, palindrome boost. I love him. I forgot what I came to say. Hi, bullysteed.   Hey, bullysteed.   Is it bullysteed? Bullisteed. I think that's what he's saying.   All them sharks with 10,000 says, been a while for me. Well, that's okay, pal. I   10,000 is nothing to sneeze at, so I appreciate it. Bitstep21   with 10,000 says, discovered your show a bit late compared to,   RHR,   but I like what you're doing. Take this as a token of appreciation from my side.  

Dude, thank you. I appreciate it. Dubravco   Dubravco with 1660 says, oh my god. No.   This video is of a tow truck trying to hook a car in traffic in San Francisco.   The other video is a good lesson that if you intervene, you better be prepared for the consequences.   Yeah. I won't get into how I got that screwed up but I totally screwed that up. I should have watched the video first.   But the other video that I where the dude got run over flat run over by the truck.   First of all, I hate seeing that's why I don't go to Twitter anymore. I accept to, like, maybe post this show up, but I just I just spend most of my time on Noster   because you people over on Noster   are better people.  

You just are. You say good morning.   You say nice things to each other for the most part. And   I follow a lot of people. I think I follow, like, well over 1600 people.   And honestly,   it is very rare that I see anybody taking shots at anybody. Sometimes I see it. It happens.   But it's about, I don't know, like a feature or Nostra doing something that somebody doesn't appreciate.   I don't   get post of trucks running over people and either killing them or damn near killing them. It's one of the reasons why I just cannot stand being on Twitter anymore. I cannot believe I was that addicted to the website. Anyway,   bitgust with a 1,000 says do boost.  

Slow slow with a 1000 says, number 1 rule:   don't make transactions   high or drunk. Yes. That's what I said, and I'm sticking by it. 02zx   with 503 says, test.   Bit step 21 with 420 says, thank God.   God's death with 337 says, thank you, sir. No, thank you.   02zx   with a 100 says cool. Fountain.fmmwebsigninzap.   Nice.   Nice. It's not working for me. I don't know why but the the fountain dot fm on my web browser. It just doesn't have any functionality at all. I have to go to my phone to do it. I don't know. Maybe it's because I'm using an old operating system.   Let's see who else we got.  

We got Pies finishes us out 100 sats says   cheers.   Now here's the ask.   Gotta have the ask because if you don't ask, you don't get. I need help   supporting this show. I need specifically, I need your help supporting the show. And sometimes that means boosts and streaming me satoshis. But other times,   if you can't afford that,   it simply means get the word out about the show.   5 star reviews on Apple Podcasts.   I know that the I know it's Apple Podcasts and for some reason   it's still a thing as far as the reviews go, the way that the reviews propagate through the podcast system and RSS system.   Even though nobody really uses the Apple Podcast   app itself anymore.  

There's not a whole lot. I'm I mean, most of the people listen to the show listen to it through fountain.fm.   That's what my metrics are saying anyway.   But still, the 5 star reviews, if you take your time   and convert it into a 5 star review for the Bitcoin and podcast,   that helps me get out through the entire ecosystem. Because again, and I don't know why   Apple Podcast reviews   have weight to them.   And an Apple Podcast is a shitty   shitty way to listen to podcasts. If you don't have   the time to do that, but and you got more sats than time,   boostograms   help me help me help me help you to help me to get this show   somewhere other than just the news   one of these days Bitcoin is gonna be boring and then what the hell am I gonna do? No one is gonna give a shit about Nicholas Maduro when everybody's using Bitcoin   So I've just that show's got to transition into something   and I'm pretty much unemployable   because I've been doing a podcast.  

Apparently,   when you say that you've got a podcast, you're   clearly   not cut out to do anything but   maybe use the toilet by yourself. I don't know. It's weird, but it is what it is. So help me   get this show moving in different directions for you   as well as for me. I did call a rancher today, so I'm hoping   hoping   that I get to go talk to some high scale Wagyu beef genetics guys here in the next couple of days. I don't know. See if they call me back. Anyway,   that's the ask.   Tell your friends and family, 5 star reviews on Apple. Get a podcasting 2.0 app if you're not using 1 so that you can give me boostograms and send me satoshis by streaming and all that kind of stuff.  

[00:41:00] Unknown:

And let's see where it takes us. Alright?  

[00:41:03] Unknown:

That's the weather report.   Welcome to part 2 of the news that you can use. We're gonna start this one off with block.   Block   lets   Square Merchants Convert A Part of Their Daily Sales TO Bitcoin.   Techcrunch.com.   Now, before we get into it, understand that Block and Square are both Jack Dorsey companies.  

[00:41:38] Unknown:

Block,   right? Block  

[00:41:42] Unknown:

is the guys behind. I believe it's Cash App. I I think that that's where Cash App is nestled under. And that's what,   generally speaking, that's what I use for my my weekly purchases of   of Bitcoin on a DCA.   Square is the merchant point of sale thing. So   the the if you're a merchant, if you got like a a tamale stand and you're using a point of sale rig, you might very well have Square   as your vendor   for that point of sale machine. It allows you to take credit cards and blah blah blah blah blah.   Well, before there was no interconnect   between Block, Cash App   and the Square   and Square point of sale rigs and merchants, but now there is.  

And this is gonna be interesting.   Block. Oh, by the way, this is out of TechCrunch.   Ivan Mehta is writing it.   Block, the company behind Square, Cash App, and other services, announced a new program today allowing merchants   using Square's   solutions to convert a percentage of their daily sales to Bitcoin.   The feature,   rolling out in the United States   starting today, and let's make sure what yeah. That's   the the story is written April 24th.   It is April 24th today. So today,   the transfer of 1 to 10%   of Square sellers daily sales to their personal Cash App account.   This amount will convert into Bitcoin at the end of the day.  

Merchants will receive a confirmation of the conversion when the transaction is complete.   Block said that the Bitcoin conversion feature will be available to all sole proprietors or single member LLCs in the coming months.   The company takes a 1% cut from every conversion made by the seller, however. Merchants can send Bitcoin to other wallets or sell them at any time from the Cash App account. Quote, Block believes that Bitcoin is the instrument of economic empowerment   and provides a way for people around the world, including business owners, to participate in a global monetary system.   According to the direct feedback from Square sellers,   many are interested in bitcoin   and believe it presents a wide range of use cases   such as long term savings and diversifying   their businesses' holdings,   end quote, the company said in a statement.  

When we asked Block about the sellers' conversion patterns and average returns,   the company said it had just tested the Bitcoin conversion feature with a small set of merchants   and has no definitive data.   Block has tried to make it easy for users to buy Bitcoin across its platforms. For instance, the company integrated the self custodial wallet, Bitkey, with Cash App and Coinbase to allow holders to trade Bitcoin   easily.   So finally, and I've been waiting for this shit.   I've been waiting for this day and there's   one more day that I'm waiting for.  

So today is the day that I've been waiting for   where Square merchants   will be able to interact   at this point   in a way   indirectly   with Bitcoin,   but not so much that it it kind of doesn't matter.   They're gonna be able to   port their   stuff from the Square merchant point of sale and their accounts over there into Cash App and at the Cash App side,   be able to automatically convert that fiat bullshit into real actual savings.   The next day that I'm looking for   is where this is where the Square merchant point of sale   takes Bitcoin   directly   for a sale.  

If Jack doesn't do that   by the end of this year, then I don't know where Jack's head is at.   Jack, I know you're not listening.   But if you were listening, I would tell you this exact same thing.   You need to allow   merchants.   Just put it just put it on the fucking point of sale machine. They don't have to have to activate it, but if they want to,   they could.   And it makes it their issue to figure out accounting and all the stuff that goes along with taking Bitcoin directly for goods and services.   But the fact that you don't have that,   there's no law   against Jack not putting that functionality   on the square   point of sale   machine.  

There's no law against it and even if there was they should fuck off. In either event,   they should   to at least allow the merchant to not have to even make these bridges   They can just take Bitcoin directly   if they so choose and then it becomes up to them.   Maybe,   you know, get you have it to where if you activate it that you've got to read a disclaimer. I know. No one likes the EULA, but this is a EULA that you should probably read. Hey. Here's how you need to handle accounting,   and here's   some other things and other gotchas that you might have if you start taking Bitcoin in the United States directly for goods and services. But I believe wholeheartedly   that we should be all over Jack's ass   about getting   Bitcoin   on the square point of sale machine,   at least as an option for the merchant. That's all I'm gonna say about that. Okay, where are we at?  

We are at announcing   bitvmx,   an advanced   computational   layer for Bitcoin.   Rootstock   Labs, this is their post as of today. Today, we're excited to announce that a team of researchers   supported by Rootstock Labs and Farragate Labs have launched a project   to explore major advancements in blockchain computation.   Bitvmx   is an advanced computational   layer for Bitcoin that allows   more complex   and useful applications to be built and executed   securely upon the network.   The aim of the bitvmx   research project is to create secure extensible open source peer reviewed and side chain agnostic   frameworks   that can be used to develop Bitcoin bridges   sorry, bridges,   aggregator oracles   and snark   slash   Stark verifiers.  

Full date details of the innovations and research that led to the discovery   will be shared on stage by Sergio   Demaine   Lerner, chief scientist at Rootstock Labs at BTC   Plus Plus,   Austin on the 1st day of May.   The full white paper detailing the technical aspects,   architecture, and vision will also be shared upon this date. As part of the bitvmx   project, the research team intends   to run a fully compliant   RISC V Processor or RISC 5 Processor   on Bitcoin   programmable   using   a standard compilation   toolchain. Holy shit.   A fully compliant   risk   5 Processor   is going to be run   on top of the Bitcoin blockchain.  

I'm not sure I'm excited about this because we're already dealing with ordinals. I don't think this actually, you know, would bloat the block. You know, I don't think the way that bit VM and now bitvmx   seems to be working   is a danger   in bloat as far as the blockchain is concerned.   But again,   I'm, like,   can we just have money?   Is that so difficult?   I mean, why is it that we need to jam up everything?   Oh, look, it's it's a tire. Let's figure out a way to use it as something that it was never intended to be used by or for.   What what is it about humans? I get that we're creative, but we do we also have to be stupid?  

I'm not mad about this. I'm really not   but I just I hate to see the potential for this shit to get out of control   and runes and ordinals and BRC 20s is already out of control. I don't need any more, but let's   let's calm down   and get to it.   From bitvm   to bitvmx   m x. Less than 6 months ago, it was believed that without major modifications to bitcoin's code,   using the network to verify   complex computations was possible or impossible.   But that changed   in October of last year when Robin Linus bitvm project   Robin Linus's   project proved there was theoretically a way to do it. But theory and practice, 2 very different things. The bitvmx   research team intends to build on the initial discovery with additional innovations to create an improved development framework for running programs on Bitcoin.  

The name is a nod to bitvmx's   origins   while highlighting   its focus on extending   Bitcoin and accelerating the development of the next generation of sidechains and layer twos.   The Bitvmx   framework and research will be fully open source and available   to the entire Bitcoin community to help advance the building   of the Bitcoin movement.   In terms of how bit vmx will contribute to Rootstock's development, a team   of core contributors is working on the public roadmap of proposed improvements   to the network in the next 12 months and alongside   ambitious plans   to reduce block speed from 30 seconds to 5 seconds.  

The roadmap will detail proposals on how Bitvmx   could play a major role in Rootstock's future as the most secure, trustless and interoperable   Bitcoin sidechain.   Yeah.   So bit VM   Robin Linus's original project that was announced last   last year late last year well mid last year.   The theory is that you could do complex computations   on top   of the Bitcoin blockchain. Not not really a layer 2,   but sort of utilizing   the way that the blockchain   works and what kind of data it stores and the way that it stores it   could be used   as a kind of a virtual   machine.  

Hence bit VM virtual machine.   But   these guys look like they want to take this shit one step further and inject it with like methamphetamine.   A full RISC 5 Processor,   while kind of laughable nowadays,   wasn't laughable back in the day when risk when risk, processors and our processors and whatnot like that were being created.   They were exciting features. They did a lot of computations.   They were engineering   marvels.   And yet they're going to virtualize   a RISC 5   and have it run like a RISC 5 processor runs   on top of the blockchain   as a virtual machine.  

Again,   why hairless treeless apes   have,   like, nothing better to do with their time than to figure out how to take something that's useful for this one thing   and make it do something completely that was never intended to do.   I don't know. I don't think it's hubris   and I do think it's locked into human creativity, but   can you guys  

[00:53:13] Unknown:

not?   Can we just have money?   Is that so hard?   I just want the money.  

[00:53:20] Unknown:

I just want good money.   I don't care if a risk 5 Processor is able to process   shit using Bitcoin blockchain. Yes, I know the implications. Smart contracts and   executable   oracle stuff, I get it.   Can we not have that on a layer 2?   Is there how about that for a side chain?   Can we have oracles? Put oracles on a side chain   that that leverages bitcoins   security model, but doesn't actually use bitcoin itself. I wouldn't mind the side chain for that. I really wouldn't but   we've got other shit to fry.   Blossom,   I played around with it today.   Holy shit. This thing's got legs guys. I mean, it's got   long   legs.  

And if you haven't heard about Blossom Drive, here is the no bs Bitcoin   version. Blossom Drive   store   and retrieve data   on public servers   using sha256   universal id.   Blossom is a specification   for a set of HTTP   endpoints   that allows users to store blobs of data   on publicly accessible servers.   Blobs are packs of binary data addressed by their sha256   hash.   Quote blossom oh, I just read that, sorry. An identity system   would allow files to be owned   by users.   And once files have owners,   servers could start grouping files into a single thing   instead of 1,000 and more loose files explained hazard   149 in a blog post. Quote, blog blobs are chunks of binary data.  

They are similar to files, but with one key difference.   They don't have name instead   hold on They don't have names   instead   blobs have a shah 256   hash   like and then they give this long hash which is a string of letters and numbers that don't make sense. It's not human readable.   Anyway, they have a blob like that as an ID.   These IDs are universal since they can be computed from the file itself   using the SHA256   hashing algorithm.   Blossom drive is a nostr app built on top of blossom servers   and allows users to create and manage folders of blobs.   Drives are just nostr events.  

Kind   30563   that store a map of blobs and what filename they should have along with some extra metadata.   Check out a demo of blossom drive at h t well, it's blossom.hazard   149   dotcom. That's blossom.hzrd1   in the in the numbers 149.com.   Again,   blossom.   Hazard149.com   also   check out satellite   CDN   A Blossom compatible open source CDN server that handles media uploads, downloads, user authentication, lightning payments   and file indexing.   Okay.   Now so I'm like I'm, you know, I've been intrigued about this Blossom thing for a while.   And like nostr,   I had this I have I honestly have the same experience with all this new technology.  

Somebody says, have you seen nostril?   It's And then they go into a small description of what nostril is and I don't know what the hell nostril is at the time.   I formed this mental model of what I think it is,   but that's not what it is.   That's not what Nostr was.   It took me getting into the weeds of Nostr   to understand or at least be comfortable with what I think my mental model of Nostra is now.  

[00:57:22] Unknown:

I'm comfortable with my model of Nostra.  

[00:57:24] Unknown:

It doesn't mean that I know like I I still believe that I don't know exactly what Nostra is because I don't think the developers know exactly what Nostra is And that's the beauty of open architecture.   It can become anything. And I just got finished bitching about risk 5 processors being run on top of Bitcoin. I know. I get it.   It's open architecture.   People are gonna do the thing. What's the thing? They're gonna be creative.   They're gonna start finding uses for things that was never meant to. And because of that   activity of the human mind, the human spirit, the human heart,   I will never fully know what noster is because I I can't look into the future to see what it becomes.  

But one of the things that I do know is that my   mental model of what Nostra was supposed to be as it was described the first two or three times to me   was not correct.   I had formed an incorrect mental model of what I thought Nostra was.   Now I'm comfortable,   but I'm experiencing   the the the same thing again   with blossom.   I'm like, I I I listen to Citadel dispatch,   I listen to what other people say about blossom and I formed this mental model,   and I'm   in this I'm in the position now where I know better   that if I've formed if I've gotten a description of this new thing that I've never touched and I form a mental model of it, I don't need to wait. I need to run not walk directly into the fray and figure this shit out.   So that's what I did. I went over to,   blossom.hazard149.com   and hazard is this is this is developer's,   handle.  

Hzrd   the numbers   149.   That's his handle. That's Hazard's handle. So it's blossom.hazard149.com.   And here it is for all you guys that are over there in ZapStream. All   how many of there's probably like   2.   It's it's probably me and Uno.   That's okay, man. Nobody likes me.   Here I mean, this is the interface and it's it's a web it's web I've got a web browser up. I'm using Brave, and I'm at blossom. Hazard149.com.   This is my test blossom drive.   And when I got into it the first thing that it asked me was,   you need a server.   Right? Okay. I'm not a developer. I don't know what the hell is going on.  

I'm, like, I'm trying to figure out see, this is what I'm trying to go through is   where it is that I get confused about my mental model of stuff. When people describe something   to you, you form a mental model of what you think it is.   Some of you guys are so sharp   that depending on what the subject matter is, you instantly get it and you get a very very correct mental model. But if you're not,   like you're not a programmer, you're not a developer, you don't know what the hell webhook really means,   like me,   it takes a while to do the conversion.  

So I had to go back. I went to like the GitHub. I was reading the readme. Markdown.   I went back to the original like no bullshit bitcoin story. And then I finally got got it in my head that, oh I can go   to   cdn.satellite.earth   and use that address   because it is a server   that works with blossom and I'll go okay, so these two pieces seem to fit together.   So I take cdn.satellite.earth   and I used that URL   as the server URL   when it asked me in blossom   for a server.   Lo and behold,   it actually worked.   And then it said, okay, you need to pay money.   You need to pay money for that.  

Because you're you're about to store data   on this remote machine.   We need to cut. I'm like, ah, shit. I'm just testing. What are you gonna want? Like 15,000   sats, 50,000   sats?   No. For a gigabyte storage   for 1 month   that's not on your machine  

[01:01:42] Unknown:

or at least, well,  

[01:01:44] Unknown:

as far as I can tell because again,   my mental model may be may be jacked.   Maybe this URL is just a maybe I don't know a   way for a portion of my hard drive to be used as storage but communicates through this, CDN   And that's how the the, you know, store how the whole thing works, but it doesn't matter.   I will figure that out later. It takes me a while. I'm not it's not that I'm not smart. It's that when you're ignorant   of how things work in certain sectors, it takes a while to learn how that shit works.   But a gigabyte of storage whether it's on my local machine or on a remote machine and I'm still not clear about that   70 7 sats per month   77   sats.  

77   satoshis.   Like,   hardly any money at all, at least right now. And of course, we're in the testing phase of all this so that I expect that price to increase.   I put   I put I it gave it said, hey,   Look. You have you have Gitalby as an extension.   And Gitalby starts interacting   with blossom.hazard   149.com   and says, I see there's a there's an invoice that you would like to pay. You wanna go ahead and do that shit? I'm like, yeah. Let's do it. 77 satoshis. Hell yeah, brother.   And by integrate or by the the integration of, you know, being able to use Albie and a lightning invoice that was generated by blossom, I I was able to pay with get Albie. And all of a sudden, cdn.satellite.earth   as in my server list became active.  

And now I could actually go over and like go to my drives   which was also active and I've got you know I'm looking at the the left hand menu   I've got home,   drives,   blobs,   servers. There's nothing in my blobs.   I need to I need to actually hold on for a sec. No, there's yeah now I've got stuff in my blobs.   And it's basically saying   we've detected   that you've got 5 files and list my files   and then it gives a particular ID for those files.   So my identity   is verifiable   like that these files no matter who gets it,   they those files they're known to be owned by a certain particular digital ID. That particular digital ID happens to be mine.   But for as far as I know for the first time   we've been able to link identity   with   a gif of Homer   Homer Simpson walking through the streets carrying a placard that says the end is near.  

Right? And if I go to my drives   and actually get into my file folder that I set up, I can actually see those.   And I've got, like, I just pulled one up and it's that dude I can't, like, I can't remember his name, comedian.   Says, alrighty then. Used to be, fire chief Bob on, like, one of the   one of the early or late eighties, early nineties, comedies. I think it was,   who was it? It was the one with the Fly Girls.   I can't remember. The Wayans Brothers, I think, is the one that did ones that did that. It it doesn't matter. It's just that I've got a gift here.   And when I put it into my drive, and by the way I'm able to encrypt my drive,   right? When I put it dropped it into my file folder on my drive that is clearly being hosted in some form or fashion by cdn.satellite.  

Earth, it gave it a unique   digital identifier that is linked to my identity.   And by the way, I logged in to blossom. Hazard   149.com   with my nostr   public key private key pair   because of git alb I've got git alb as an extension in my browser.   So now these files are linked to my identity.   That could be good, that could be bad. I I don't know. It it it depends.   But what does this mean for people like, you know, like,   Julian Assange back in the days when he wasn't being held like a trapped animal   and being like the and and and having disgusting things done to him by   European and the rest of the Western justice system. Right? What would have that meant to be able to get these blobs of data   yet there's a unique   identifier   for those particular files so that somebody might know where they came from   but only if you can unlock the identity   through being able to I don't know that   the whole point is that identity   is carried with the file.  

And now we have a global file system   that people can store shit on and we can pay satoshis for it and each one of the files is locked to our digital ID.   I I I don't I'm I'm going to be completely neutral about this at this point   because   my mental model of what's going on right now is not complete.   It's just not.   But I highly recommend   that if you want to help me form a better mental model of what blossom actually is,   please   go and test it out for yourself. Blossom.hazard149.com.   That's blossom.hzrd149   dotcom.   Go play with it.  

See what you think. What can be done?   What can we do? What can we not do? How can this get somebody in trouble? How can it protect somebody from not getting in trouble? What size files? How much is it eventually going to cost?   What does it mean for Internet traffic?   Tor. How does   it work with Tor?   All these things need to be answered   But it's a hosted file,   maybe somewhere else,   maybe local on your computer, but it has the reach   globally   and files are locked to your digital identity.   What can be done?   Jim Carrey.   Jim Carrey. Yeah, but it wasn't SNL.  

Although that particular scene was that particular scene was from the movie, Ace Ventura   Pet Detective.   In either event, it was, the Wayans brothers and I can't remember it. They had a team of dance girls. They called them the fly girls. And it was, like, very late eighties, early nineties. And I think it was spun out from the Tracey Ullman show, if I remember right. Anyway, enough of that.   Where are we? Where are we? Oh, El Salvador's Chivo wallet source code and VPN access was leaked.   And for anybody and   I've seen a couple of people losing their ever loving minds about   this. Don't.  

Nobody   uses the Chivo wallet.   It's bullshit. It's a shitty it's shitty architecture. It's crap code. It didn't work out of the gate when they first released it in El Salvador, but it doesn't matter because we have many many many lightning and Bitcoin wallets to choose from.   Why anybody cares about Chivo wallet source code being leaked? I don't who cares?   Jesus, everybody stop whining about it.   NDK,   the Nostra development kit 2.8,   called Fast and Steady has been released by Pablo F7Z.   A plethora of performance upgrades,   one of which is optimistic   signature verification and that's where   a note is just assumed to be signed validly   and is put into a queue   to be checked later. And this somehow or another   helps noster along with notes being get, you know,   being put to where they need to be put so that things don't get backed up. But they're not actually going to be released. The notes aren't actually going to be released until at such time the signature is actually verified.  

It just doesn't have to do it all at once. And I think that's good.   Threaded signature verification   threads threads and more threads,   about,   apparently, g g has uncovered something. Let's read about that. G g has paved the way   to show how   noster multiple times.   This release, and we're talking about the NDK 2.8,   This release includes a bunch of helper functions   that should make proper thread rendering incredibly obvious.   When fetching events,   these functions can be used to make sense of what's the right ordering,   what are replies,   what is part of the main thread, etcetera, etcetera.  

The main entry point to these threading utility functions is   event threads, which can be provided a set of fetched events and will return, in order,   the events that belong to the thread.   All other events can be rendered as replies.   There are many, many more very useful functions along with it that can be found on source and forward slash threads. Examples of how to use these can be found on the open source highlighter codebase.   And here's an explanation of   signature is received, a global event is omitted for the application to handle accordingly, I e alert the user,   disconnect from the evil relay, etcetera etcetera.  

So that's what's coming with NDK 2.8   fast and steady.   OpenSats   has received   and for those of you that are still arguing   about whether or not open sats is evil, please stop.   Please.   We don't need people having a reason to not do something like support open source development.   And when you do something   and you've got 15 people all up your ass about how evil you are because of   something   and it's not it's   not about the mission.   It's about something else like how transparent you are. Yes, people should be transparent,   but we're at the early stages of all this and people are just all over fucking open sats. And I honestly, I don't think it's fair. I don't think it's good treatment. I don't think it's moving us along. And yet throughout it all,   the Reynolds Foundation   decided to cut   $1,000,000 to OpenSats.  

We are delighted to announce that the Reynolds Foundation is supporting OpenSats with a generous donation of $1,000,000   announced OpenSats,   a nonprofit   dedicated   or dedicate a nonprofit that's dedicated to supporting developers working on free and open source freedom tech projects. We warmly invite fellow philanthropists to join us   in supporting this groundbreaking endeavor, OpenSats.   Their work ensures that our collective efforts   significantly impact the community and we are dedicated   to serving.   Together, we can fix the money and fix the world, said doctor Alvaro Salas Castro,   president and CEO   of the Reynolds Foundation.  

Let's see   what the Reynolds Foundation   is.   Let's see if we can find it.   Reynolds Foundation. See Smith Reynolds Foundation,   Richard s Reynolds Foundation.   Okay. We're gonna have to do this   in a different way. Hold on for a second. Let me get back here.   And we will say   doctor we'll take doctor Alvaro, we'll throw that son of a bitch in there, and let that search and see if we can   screw, get this down.   Barro Sola. Brooks School of Public Policy. That's something that,   Alvaro Salas Castro is part of.   I'm just getting a real foundation. There's a Bitcoin magazine.   Let's see what this says get somebody just the rentals foundation Thank you for the fucking link God.  

How hard is this?   Reynolds   foundation now   for tomorrow   An empowered community has no limits. Okay. You're not telling me much about who you are Reynolds Foundation.   Let's see. Go.   I don't know man.   There's I'm   at   reynoldsfoundation.com,   and I literally know nothing about reynolds foundation.   Nothing.  

[01:14:24] Unknown:

Nothing. Hey, but they donated $1,000,000.   Alright, so  

[01:14:32] Unknown:

what do I think about it   in context of the Open Sats controversy that's been going on?   Honestly, right now, as of this moment,   I don't care.   I don't care. I will care later. When I get the time to care, you'll be the first people to know. I will tell you. I will call you and I will tell you that I care about the Reynolds Foundation. But first of all, the liquid wallet kit.   Liquid wallets made easy. It's a collection of Rust tools to build liquid wallets.   The goal of the liquid wallet kit is to provide all the necessary building blocks for liquid wallet application development and simplify   You can love   You can love liquid   side chain. You can hate it. You can be neutral on it like I am. I don't honestly, right now, I kinda don't care.  

Kind of in the Reynolds Foundation   frame of mind. I don't give a shit   because it's like I   that website, the reynolds foundation.comor.orgwebsite   was the worst website I've ever seen.   It literally is one page.   It has no contact information.   It doesn't tell me what it is that they do.   I   I hate that.   But   I'm in the Reynolds Foundation state of mind when it comes to liquid as well. I don't care. However,   they are releasing open source tools.   That's good to know. I'm grateful that they are actually doing that,   but   you know, it is what it is. Alright, so   we are well over our allotted time of 1 hour, and I'm trying to keep I was   I swore to God I was gonna do a 30 minute show this morning.  

Okay. Alright. Before I let you go, I gotta say hello to my friend kid warp who I have not seen in the chat in a while.   In living color,   Kidwarp   with the answer. It was in living color. It was actually a really really good show. It's hilarious.   And it was fire was it fire chief   Bob?   I can't remember the character's name that Jim Carrey did. But that's where Jim Carrey got famous. In case you didn't know, was in living cover. He was one of the characters   on   in living color.   Hilarious.   And   that's one of the places where he got his start. I don't know if that's where he got his start   because in living color was kind of a big deal. Everybody was watching it, but that definitely was a stepping stone for the rest of his career. After in living color,   Jim Carrey went   ballistic   with super stratospheric   because of in living color. That's where Jim Carrey came from.  

We have to wait till they act in bad faith to start giving them grief. Kidwarp, I don't know exactly who you're talking about. If you're talking about OpenSats,   I agree. But honestly,   that sentiment,   that goes for everyone.   Reynolds Foundation,   Open Sats, 10/31,   Ethereum Foundation, but they've already acted in bad faith. So we already know that they're scumbags. The United States government,   well, they've been acting in bad faith since we hit the shores of this particular continent, so   there you go.   Yeah, we have to wait until they   give us a reason.  

Until that time,   could you throw a little support to the people that are trying to actually help?   If it turns out   that you gave your positive energy over to somebody that didn't deserve it,   that's okay.   It's the positive energy that actually makes the difference,   not who you gave it to.   So get out there, give positive energy, 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.