Share on social media:

Join me today for Episode 1084 of Bitcoin And . . . 


Topics for today:

• Court Bans OFAC Charges Against Tornado Cash
• Samourai Wallet Case Getting Dropped?
• ARIZONA BTC BILLS GO TO GOV!
• Cambridge Mining Study: 52.4% BTC Mining is Clean

Circle P:

SoapMiner
 Product: Tallow Soap
 Website: https://soapminer.com/
nostr Profile: https://nostrudel.ninja/#/u/npub1zzmxvr9sw49lhzfx236aweurt8h5tmzjw7x3gfsazlgd8j64ql0sexw5wy
Twitter Profile: https://x.com/soapminer1
Discount code: Use "BITCOINAND" in the Cart's Coupon Code box for 10% off total purchase

Articles:

https://decrypt.co/316845/court-bars-ofac-from-reinstating-tornado-cash-sanctions
https://cointelegraph.com/news/samourai-wallet-feds-ask-for-time-consider-dropping-crypto-mixer-case
https://cointelegraph.com/news/arizona-legislature-bitcoin-reserve-bill-third-reading
https://www.coindesk.com/markets/2025/04/29/blackrocks-ibit-sees-second-largest-bitcoin-inflow-since-launch-nearing-1-billion
https://atlas21.com/15-of-coinbases-bitcoin-transactions-run-on-the-lightning-network/

• https://www.cnbc.com/futures-and-commodities/
• https://dashboard.clarkmoody.com/
• https://mempool.space/
• https://www.bitcoinandshow.com/
• https://fountain.fm/show/eK5XaSb3UaLRavU3lYrI

https://cointelegraph.com/news/celsius-alex-mashinsky-20-year-sentence-doj
https://www.theblock.co/post/352332/cambridge-university-bitcoin-mining-sustainable-energy-use-elon-musk-tesla-btc-payments
https://primal.net/e/nevent1qqspfe4f950dwntwmt2ynrr4mxwqvyeagat70lt7k3rpj692aalsq9sq0vcmm
https://bitcoinmagazine.com/politics/u-s-secretary-of-commerce-howard-lutnick-has-a-bitcoin-vision-for-america


Find the Bitcoin And Podcast on every podcast app here
https://episodes.fm/1438789088

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/

[00:00:02] David Bennett:

It is 08:13AM   Pacific Daylight Time. It's the April   2025.   This is episode,   what, looks like, ten eighty four   of Bitcoin   and there's an op return kerfuffle   and people are accusing   Bitcoin core of being co opted for about, I don't know, the three hundredth time. Apparently,   now they're evil again,   and there's a real problem   again, and Bitcoin's gonna die again. No. It's not.   So why are you here at the Bitcoin and podcast?   I'm gonna throw you all the news that you need to know for the day so that you're not freaking out about what people are yelling about on Twitter,   Nostr,   Reddit.  

I the whole   this whole core thing is starting to blow up again.   And we're gonna talk about it, but not before we talk about   OFAC   reinstating   tornado cash sanctions. It's not gonna happen, and I'll tell you why.   Samurai Wallet, well,   we may have some good news on the horizon as well as good news coming out of Arizona   and then BlackRock,   back in the news. And, well, the lightning network seems to be doing much better than people actually think. Remember all the times the arguments were lightning network doesn't work?   Apparently, that's not true.  

It's just it just doesn't seem to be true.   Alex Mashinsky,   the scammer, is going to get his,   and quite a lot of it too.   Cambridge University study has come out. Bitcoin mining   is now sustainable.   The question becomes, will Elon Musk actually do what he said he was gonna do and reinstate   Bitcoin,   taken in payments for Teslas?   Given what I'm seeing at Tesla right now,   it may not matter.   And I think that there's a wider issue going on   with Tesla. I don't I don't think it's as much about Tesla itself or the fact that Musk went over to Doge and he pissed a whole bunch of people off.   I I'm just   I think that people are getting their fill of just how crappy electric vehicles really are.  

And I'm not I'm actually not even talking about the power.   I mean, the electric motors on a   electric vehicle,   they will they'll they'll rip you they'll rip you to shreds, man. I mean, they've got a lot of torque. In fact, they got a lot more torque   than an actual gasoline engine hooked up to a transmission. But   there's other problems with these these these vehicles. Like, god forbid you get one submerged in a flood.   I   the whole thing is actually rather terrifying.   And so I'm just saying that   I don't think Tesla, their sales are are in the shitter   just because   Musk went over to Doge. I I really do think it's a much bigger problem. And then we're gonna talk about   secretary of commerce for The United States Howard Luknick   and his, quote,   Bitcoin vision for America. But first,   court bars OFAC from reinstating   Tornado Cash sanctions,   Vince D'Aquino from Decrypt.co,   a federal court   has now permanently   barred   the United States Treasury from reimposing sanctions   on the crypto   mixer tornado, Cash,   delivering a definitive victory   for crypto privacy advocates.  

Judge Robert Pittman   of the US District Court for the Western District of Texas   updated and finalized amendments on Monday   ruling that the Treasury's actions were unlawful   and placing an order that compels the Treasury to be permanently enjoined from enforcing it.   The ruling   explicitly   rejected the government's attempt to avoid a final judgment after it voluntarily   lifted   sanctions on tornado cash in March.   Quote,   after the fifth circuit ruled against the government in November, it repeatedly tried to avoid entry of a final judgment,   Coinbase chief legal officer Paul Gruel tweeted,   sharing a copy of the amended rulings. Quote, today,   the court said no to this nonsense,   end quote.  

With the ruling, the Office of Foreign Assets Control would now be legally prohibited   from reinstating   the original sanctions, Gruel noted.   Treasury officials had claimed that the case was moot following their discretionary   delisting for tornado cash, but judge Pittman   applied a precedent,   finding that treasury officials could potentially seek to reenact   precisely   the exact same designation   on tornado cash in the future, end quote.   This accounts for the second part of the court's mootness exception test, which allowed the case to reach a final judgment.   A mootness exception test   helps courts decide   if they should rule on cases even after issues look like they've been resolved.  

The decision comes three weeks after the Department of Justice   announced that it would no longer pursue criminal charges against crypto mixing services   unless   they're involved   in criminal   activities.   The case stems from OFAC's August twenty twenty two decision to sanction Tornado Cash placing it on its specially designated nationals and blocked persons list.   OFAC challenged   that Tornado Cash facilitated over $7,000,000,000   in money laundering, including funds linked to, of course, the children   killers over there in North Korea.   God. This is just the most ridiculous thing.  

This action   marked the first time US authorities had sanctioned open source software protocols rather than individuals or organizations.   Now in November of twenty twenty four,   the Fifth Circuit Court of Appeals,   right, the Fifth Circuit Court of Appeals ruled that OFAC   had exceeded   its authority under the International Emergency Economics Powers Act.   And at the time,   the court determined that immutable smart contracts are not property   because they are not capable of being owned,   adding that over a thousand participants   engaged   in a trusted setup ceremony which prevented any updates or controls over Tornado Cash's core code base.  

The fifth circuit,   their ruling rather, established a precedent for how blockchain protocols are treated under United States law,   potentially reshaping how regulators approach   decentralized finance services.   So the lowdown is that Tornado Cash   has that case has now been effectively   dismissed with prejudice.   They cannot be charged under that same distinction   again.   So when are the Tornado Cash developers   going to go free?   That's the question that everybody at this point is asking.   Tornado Cash's future seems secure.   And, of course,   they're gonna find something.  

They're they're just gonna find something at one point or another   because the legal system in The United States and pretty much all countries, really, is just about as gameable as it comes, but   that's really just an aside.   Alright? Just prepare yourself mentally for that shit. But as far as we're concerned right now,   everything that these guys had been arrested for,   it's it's no longer a point.   It's no longer an issue. So when do these gentlemen   go free?   That's the real question.   Okay. So   let's move on to samurai wallet   because   the feds   are asking for time to mull over   the possibility   of dropping that crypto mixer case. Samurai Wallet is not   part of the Tornado Cash issue. This is a completely different issue. However, there is mixing involved, and Martin Young from Cointelegraph,   hopefully is going to tell us some very, very good news   as US Federal Prosecutors and the cofounders of the Crypto Mixer samurai wallet   have asked the court for more time   to consider potentially   dismissing the case after the justice department rolled back its crypto enforcement.  

Lawyers for samurai wallet CEO,   Keon Rodriguez, and chief technology officer, William Hill, said in an April 28 letter to a Manhattan Federal Judge   named Richard Berman   that they have jointly requested with the government   for a continuance of the pretrial motion scheduled by sixteen days.   The samurai executive's lawyer said on April 10 that they wrote to acting Manhattan US attorney Jay Clayton   to request the dismissal of the case after an April 7 memo from deputy attorney general   Todd Blanch   shuttered the justice department's crypto team. Quote, on 04/24/2025,   defense counsel met with prosecutors   and their supervisors   in person at the US attorney's office to discuss this request, the lawyer said.  

Quote, the defendants believe that a continuance   of the pretrial motion schedule is warranted to permit defendants to avoid the significant expense of preparing their motions   while the government determines its position, the letter stated.   It added that prosecutors agreed to adjourn   without expressing any views on the merits.   Samurai wallets Rodriguez and Hill were charged with conspiracy to commit money laundering and operating   an unlicensed money transmitting business back in April of twenty twenty four, to which they both pled not guilty.   Blanche's memo said, quote, the Department of Justice is not a digital assets regulator, and it would abandon enforcement and investigations   besides those which focus on prosecuting individuals   who victimize   digital asset investors   or   those who use digital assets in furtherance of criminal   offense.  

Currently,   motions in the samurai executives case are due May.   Responses are due June and replies on June.   The letter proposes to put this back to May 29 for motions,   June 26 for responses, and July for replies.   The continuance would not affect the trial date, which is slated for early November.   The move is the latest in a long list of court actions to have prosecutors'   crypto cases quashed under the Trump administration's   favorable stance towards the industry.   On April 9, SafeMoon CEO Braden John Karony, who is charged with wire fraud and money laundering,   cited Blanche's directive in a bid to get his own case dismissed.  

Meanwhile, on April,   the DeFi Education Fund petitioned the White House to drop charges against   Tornado Cash cofounders Roman Storm and request or founder Roman Storm and requested immediate action to discontinue the Biden era Department of Justice's lawless campaign to criminalize open source software development.   So   maybe even the samurai guys get get out of this mess,   and it is a freaking mess. But you know who else is in a mess?   Canada.  

[00:12:13] Unknown:

Let's hear it. You demanded action,   and now it's time for the financial sector to deliver.   To reach net zero, every country, every company, every bank, every investor, every pension fund around the world will need to make some big changes.   In the run up to COP twenty six in Glasgow, we have an enormous opportunity to bring climate change into the heart of every financial decision.  

[00:12:37] David Bennett:

Into the heart of every financial   decision?   Are you kidding me?   Are you absolutely out of your ever loving mind? Canada has elected Mark Carney   as their prime minister, and   many, Canadians seem very, very happy about this. And yet the first I mean, like like, literally out of the gate,   this gentleman is simply talking nothing about anything other than climate nonsense.   And now   in the heart of every financial transaction   that you make as a Canadian   moving forward   is going to be the climate issue.   What could possibly   go wrong?  



[00:13:24] Unknown:

And our plan will manage the risk from climate change while helping to seize the opportunities   from a newer, greener economy.   The UK has been at the forefront of innovation for centuries, brimming with ingenuity and a can do spirit.   It also houses the world's largest financial system.   And by bringing them together, we can deliver the net zero world that you've demanded and that our future generations deserve.   The world's coming to Glasgow.   Let's reshape finance   for a sustainable world.  

[00:13:57] David Bennett:

I don't even know what to say about this.   Pierre   was the   I I he was the opposition,   and he had a huge lead,   a massive, massive lead in that election,   and it just   eroded away.   And I think what his big mistake was   was that he took Trump seriously in this fifty first state bullshit,   because it is bullshit. Trump has no intention of annexing freaking Canada.   That is a ridiculous statement.   If you knew anything at all about how Trump has played in the last, I don't know, five   decades of   his life, you would know that he's not serious about shit like that.   He's just saying crap. He's just blurting stuff out.  

It it it's   to get a rise. It's to get attention. He is a master marketer, and he has always been a master marketer.   And yet Pierre   just I mean, he was livid. I saw one of his speeches about how he was gonna combat Trump, and there was no way that Trump was gonna get a hold of Canada.   Trump never wants Canada.   Most of The United States doesn't want Canada. Canada should be for Canadians.   But right now, you guys are getting freaking hosed,   and it's gonna get worse.   Every   bill you pay,   every meal you purchase, every Coca Cola you would like to go refresh yourself with is going to be scrutinized as to whether or not it generated freaking carbon.   You are the carbon that they want to eliminate,   so be aware.  

You elected this guy, and you're going to reap the rewards of that decision.   I I I I I it for the for my Canadian listeners out there,   you've gotta understand   this   and I I honestly didn't trust Pierre either.   Watching him get so livid over Trump was like, oh, this is this is not the reaction   that a head of state should actually have   because he clearly   has   no idea   what Trump actually means.   It   I'd   both of them would probably be bad for Canada. Although this Mark Carney guy,   the the considering that his   clear focus   out of the gate for his prime ministership   is going to be climate change, and that is going to be the hill that he dies on because they are not giving up, the climate hystericists   are just not going to give up,   It's going to mean potential financial ruin.  

I just I wish   I wish this hadn't happened to you guys.   Really sorry.   Hopefully,   you know, I can we can always hope that it won't be as bad as we think it's gonna be.   But   if I was running odds,   I'd say   complete and utter   destruction of the Canadian way of life within the next five years. But,   hey, hopefully, I'm wrong. I really wanna be wrong.   Please, for the love of god,   let me be very, very, very, very wrong about that. Now onto Arizona   where we have good news,   I guess.   The Arizona legislature   has passed   both Bitcoin reserve bills   moving closer to stockpiling crypto.  

There it's waiting for the governor's desk, both of them.   It's out of every committee.   It's passed every floor vote. It's passed the senate. It's passed their house their state house of representatives.   It's done.   The only thing left, ladies and gentlemen,   is Arizona governor's   signature.   Will the governor sign? I don't know. But   this is out of Cointelegraph Turner write writing,   lawmakers in Arizona   at their house of representatives   have passed two bills   that could allow the state to adopt Bitcoin in a third reading on April   of senate bill ten twenty five. And,   we'll see. Yeah. It's also known as SB ten twenty five. A proposal to amend Arizona statutes to allow for a strategic   BTC reserve,   31 members of the Arizona house voted in favor of the bill   with 25 opposed.  

A similar bill, SB thirteen seventy three, to establish a state level digital assets reserve   passed with 37 lawmakers in favor of and 19 voting against. Quote,   this bill basically takes the approach that probably 15 other states are considering the same legislation nationwide that allows the treasurer to invest   up to 10% into   probably   mainly Bitcoin,   but other things as well, said state rep   Jeff Weninger   on s p ten twenty five. Quote, I think   this probably would start as   a may for the foreseeable future. But as things continue to pivot towards Bitcoin and these things   would have that already in place in the future. Okay. So what does that mean?  

It means they're probably not gonna buy immediately if the governor signs it into law and that thing becomes law because there's gonna be a little wait period   after the governor signs the the thing. There's gonna be a little bit of waiting.   This guy is suggesting that they may not actually   still buy Bitcoin. They just they just want this in place so that they have the infrastructure   available   legally, the legal framework available   for them to be able to start pulling triggers   if and when they decide to actually pull triggers. So don't expect Arizona,   even if the governor signs this,   to immediately start stockpiling Bitcoin. Okay? And that's probably going to   there will be there will be all the pundits against Bitcoin saying, see, they even passed the bill, and they don't even they still don't even want any Bitcoin, so be prepared for that one. But   Arizona governor Katie Hobbs announced on April 17   that she intends to veto   any bill until lawmakers had a serious bipartisan funding solution that protects health care for Arizonans with disabilities.  

However, with the passage of such legislation on April,   the governor could be more open to signing s b ten twenty five   or s b thirteen seventy three into law.   The state level efforts   to create Bitcoin reserves comes amid a push from US president Donald Trump. Yes. We know. And then they do   go back into this strategic Bitcoin reserve in the the the whole Trump signing of the   executive order that has essentially amounted to what?   Squad.   Nothing.   Absolutely nothing. Hell, we were supposed to get an audit,   like, thirty days ago or something like that, or there was a thirty day pause or a thirty day wait time for them to actually audit how much Bitcoin and any other digital assets that The United States had in reserves or held,   and we still have yet to see the numbers. It looks like the audit has never been done.  

Telling you, man.   I'm telling you,   if it's a politician, it doesn't matter what they say, they're lying about it to somebody.   I still have yet to see a shred   of decency when it comes to   upholding what Trump said he was going to do,   Except, I will I will say this, at least he released Ross.   Thank god   he did do that, so kudos to Trump. But as far as the strategic Bitcoin reserve, seen nothing.   As far as the audit about what stuff we have, it's seen nothing. I'm seeing nothing. I'm seeing nothing. Nothing. Nothing. Nothing. Nothing. Nothing.   And I'm not shocked.  

Why? Because   politicians,   that's all I have to say. Are you a politician?   Yes. Then you're lying.   Numbers don't lie, though. BlackRock's   iBit has seen the second largest Bitcoin inflow since launch,   nearing $1,000,000,000.   James Van Stratten is writing this one for CoinDesk.   The BlackRock iShares Bitcoin trust ETF or iBit   saw $970,900,000   in inflows,   marking its second largest net inflow since launching in January of twenty twenty four   according to Farside data.   Monday accounted for $591,200,000   in new capital, which saw heavy outflows from competitors   like Fidelity's FBTC   lost 86,000,000,   Bitwise dropped 21,000,000,   and ARC dropped 22   or 2 hundred and 20 6 million dollars in outflows. Holy moly.  

The rise comes along   a 7.2   rise in BTC over the past seven days with it now trading at roughly around 94,900.   And since April 22,   iBit has amassed over $4,500,000,000   in net inflows bucking the market trend.   Industry experts have taken note.   Nate Garchi,   president of the ETF store, remarked,   quote, nearly 1,000,000,000   into iShares Bitcoin ETF today,   second largest inflow since January's inception. I still remember when there was, quote, unquote, no demand.   Eric Balchunas, senior Bloomberg ETF analyst, added, quote,   ETFs   are in two steps forward mode after taking one step back   exactly the pattern we predicted, end quote.  

Meanwhile, in derivatives markets, open interest on CME Bitcoin futures continues to fall, now sitting at 132,750   BTC after four consecutive days of decline   according to CME data.   The recent decline in open interest could be coming to an end as the annualized basis yield has climbed from around five to 9% in April   according to Velo data,   this resurgence   in basis trade profitability   could prompt renewed activity and short term rebound   in open interest.   You spelled degeneracy   wrong. I'm just saying.   Why it matters? Well, in a typical basis trade, investors buy spot Bitcoin   and then short Bitcoin futures to lock in the price gap.  

When the yield is high, demand for futures rises, boosting   o I. And as the yield shrinks, fewer traders engage in the strategy, leading to declining open interest or o I and signaling reduced leverage in the market.   It's just degeneracy.   It's just gambling   and trying to head it's like having a system at the roulette wheel.   One thing, there is no system at the roulette wheel. You think you've got a system, but you don't have a system, and you're going to get blown out.   And after all the dust settles of you getting   blown out and all the blood, you know, spray that that you experienced and all the people that got destroyed.  

And all after everything is said and done, you're gonna need to clean yourself up. So I highly recommend Soap Miners   handmade   100%   beef tallow soaps. The Circle p is open for business. The Circle p is where I bring plebs with goods and services just like you   to plebs who want to buy goods and services   just like you. And if you're dirty and nasty and stinky and smelly, you're probably gonna want some soap.   You can get Fresh Breeze tallow in a five ounce bar for $7.   There's lemongrass tallow bars. There's orange clove tallow bars. There's rough cut tallow. What's that? Means it ain't got no nothing. It's got three ingredients. It's got distilled water.   It's got lye, and it's got a % beef tallow.  

It's just soap.   But if you want something like a little bit more, you know, pretty smelling, there's pine tar, there's cedarwood, there's peppermint, there's lavender.   All you gotta do for a 10%   off your entire purchase is use coupon code Bitcoin and   And you can do that over at soapminer.com.   That is soapminer.com.   Again, it's soapminer.com,   and he's one of my favorite vendors. I love this guy. I love his soap. He sent me a box of it. I'm still working through, like, my first bar of rough cut tallow soap. I I've I've tried a little bit of the lavender because my wife and my daughter really, really like it, and I love it too. It's got, like, some some purple colored clay in it, so it gets a little bit more it's got a little bit more rough on it. Feels great. I love that, but I have not I have yet   to try the peppermint.  

I have, you know, I have yet to try the cedarwood, and I have yet to try   the pine tar. And I'm really looking forward to that pine tar. I know it sounds weird, but, honestly,   a good pine tar soap will get you clean.   Soapminer.com.   Use Bitcoin and coupon code today for 10% off your entire   purchase.   And   speaking of percentage points,   15%   of Coinbase's   Bitcoin transactions now run on the Lightning Network according to Atlas twenty one. That's Atlas21.com   on April.   Coinbase revealed that fifteen,   one five percent   of its Bitcoin transaction volume is processed through the Lightning Network.  

Damn.   In a statement shared with the block, the exchange highlighted the acceleration   in the adoption of Bitcoin's layer two protocol. The Lightning Network integration on Coinbase took place back in April of twenty twenty four.   Michael Rehani, director of product at Coinbase, commented, quote,   integrating the Lightning Network was a key milestone in supporting the Bitcoin ecosystem and making payments faster, cheaper, and more useful for everyone.   Within one year,   fifteen percent   of our Bitcoin transactions   utilizing   Lightning demonstrates its real world utility.  

We're quickly proving that Bitcoin is a powerful tool for global payments with LightSpark, Rouhani   said.   Holy smokes. This is from a company, Coinbase.   I'm not a fan of Coinbase.   They don't seem to like Bitcoin. I'm highly surprised that they have have   this amount of good words to say about not only Bitcoin itself, but also the Lightning Network.   He continues   talking about Lightspark,   a con a company focused on global payment infrastructure built on the Lightning Network. It develops SDKs and other tools to help developers connect to the Lightning Network and accelerate its adoption, and that's what Coinbase is using, of course.   The Lightning Network makes Bitcoin transactions faster and cheaper for everyday use. In addition to improving transactions through Lightning Network,   the exchange   also announced the launch   of the Coinbase Bitcoin yield fund,   which is targeting degenerates,   telling them that they're gonna get between 48%.  

Don't buy this.   Okay?   Yes.   I think it's fabulous   that 15%   of Bitcoin transactions   on Coinbase are running through lightning.   That is awesome.   And then they start talking about four to 8% yield.   As normal, ladies and gentlemen, the question is what?   Where does the yield come from?   Let's run the numbers.   West Texas Intermediate Oil getting nailed, pummeled.   Just absolutely   burnt to the ground, two points to the downside,   all the way back to $60.79   a barrel. Bretton, or see likewise down over two full points   to $64.43.   Natural gas moving the other direction up a half point to $3.36   per thousand, and gasoline is down almost two full points   back to just over $2   a gallon.  

Gold is down   point 83%   to $33.20   and a dime. Silver is up a third. Platinum is down over one point. Copper is moving side   palladium is down 1.66%.   All of your agricultural   futures have been destroyed.   Everything's in the red, ladies and gentlemen. Everything.   And the biggest loser today is look looking to be coffee   down well over two full points.   And everything like, literally, there's nothing on to the upside.   I guess the the least amount of loss is in chocolate   minus 0.13%   to the downside.   Excuse me. Live cattle, however, is up a third of a point. Lean hogs are down point 87%.   Feeder cattle are up almost a full point. The Dow is up almost a half point.  

And the S and P is up a tenth of a point. Nasdaq moving sideways. S and P Mini also moving sideways.   We got $94,990   per Bitcoin. That brings us to a $1,890,000,000,000   market cap, and we can purchase 28.7   ounces of shiny metal rocks with our one Bitcoin,   of which there are 19,857,544.62   of an average fees per block are low. Again,   0.04   BTC   taken in fees on a per block basis.   It looks like there's about 10 blocks   carrying 14,000   unconfirmed transactions waiting to clear at high priority rates of four. Count them four Satoshis per v byte. Low priority is gonna get you in   at three.  

We've got a little bit of elevation   on our hash rate today. We're back up to 846.7   exahashes   per second. So do with that what you will. Gold member lives. Yesterday's episode of Bitcoin and,   maple trade. Oh, never mind. That is a that is a,   he's getting me back for selling his his maple syrup. By the way, remember,   this is the last week   that Maple Trade will be able to sell any of his maple syrup. He's almost completely   out.   That's how fast his maple syrup goes, and there's a reason for it. It's delicious.   He's a member of the circle p. That means he takes Bitcoin for his goods. Because if you don't take Bitcoin for goods and services, you're not in the circle p.  

Maple trade, congratulations   on damn near selling out everything. I   I hope that I had a hand in that. Digital pain handler one thousand sat says nothing.   Yodle with five zero one says,   great ways, except he does it in elite speak.   Perma   Nerd two fifty six says, none of your business   taps into common sense almost as well as maple trade taps into trees.   This podcast gets a bit sour, but maple trade syrup is always sweet   and going fast. Yes. Yes. It is, perma nerd. It certainly is. That's the weather report.   Welcome to part two of the news you can use. What's all this kerfuffle   with   Bitcoin   Core, the core developers? You know, the Bitcoin Core software,   the the software that makes all this possible.  

Is Bitcoin core being co opted again?   Are we going to die   again? Probably not. But if you're wondering what the hell is going on,   there's a guy called mechanic.   I think is also known as Grass Fed Bitcoin on Twitter.   Apparently got shut out of the GitHub repository   because he was,   well, voicing concerns   about this opp return   debate that is going back and forth between the guys over at Core.   So   that's a problem. Okay? I'm not I'm not defending Core for that. That's bullshit.   Just because somebody has a dissenting opinion does not mean that you should be, like, not allowing them to speak. That's that's that's   really a bad look,   you know, for the core developers.  

I I think that that is a terrible decision. I think they should rescind that decision, but I don't think Bitcoin Core is going to die. I don't think the software is going to be co opted.   So   what's what was he dissenting what was,   grass fed Bitcoin Bitcoin dissenting about   that he got shut out of the repository? Well, it seems to be   that it's on this discussion of op return.   It looks like there's a discussion   to remove the arbitrary   limits   on opportune   outputs.   So little background here.   Opp return   allows the embedding of data into Bitcoin transactions.   Sound familiar?  

It   should. Because   it's opportune   has been used   I think opportune was what was originally used   when people were making rare Pepes, before NFTs, before rocks on the blockchain, before   before,   ordinals and inscriptions, before all of it.   Yes.   We had dumb shit   in Bitcoin transactions, and they were called rare Pepes.   And it happened years ago.   Rare Pepes were running around when I first got into Bitcoin in 2015.   Alright? So   it's this is nothing new.   But   if you lift   the limits of how much data you can stuff into an op return,   all of a sudden, yes, we we do have a potential problem here.  

So   it's historically   been limited   to a mere 80 bytes in Bitcoin Core.   So the proposal is to remove   the arbitrary   op return size   and output count limits.   Remove related   config   options.   Preserve   let's see. I'm reading these notes here. Preserve form   single op return plus data pushes only.   Alright. So,   again, this is all about saying, okay.   We've got an op return. We can put data into that op return.   That opportune,   if you put more than 80 bytes of data into that opportune,   no go.   You you can't do it. And it's 80 bytes is nothing. It's like it's like, you know,   Jesus, just so little information.  

But it's it's good enough to do all kinds of neat shit with, but they want to remove that. They want to be able to stuff   more data   into the opportune, and in my opinion,   this is not good.   I do not want to have to run a 50 terabyte   no or hard drive   to be able to run my Bitcoin node.   I think it's important for us to run our own Bitcoin nodes because that means we have our own mempools.   We're supporting the Bitcoin network   around the world.   This is an old argument. If we allow   this this is essentially,   this is going back to the block size wars   where we didn't want huge blocks because it would make running a node economically infeasible   for people like me.  

It would put it into the hands of people that are just doing business,   that are making enough money that they can afford to run their own node so that they could verify their own transactions and make sure that everything was above board and kosher.   But everybody needs to be able to do that. So, yes, I completely 100%   disagree   with removing arbitrary limits on the opportune outputs, especially at this time.   But I'm not part of Bitcoin Core,   so we may have to deal with it.   There are some arguments in favor and against, and here they are. Arguments in favor   of removing arbitrary limits on opportune outputs.  

Limits are ineffective against actual data publishing.   Current limits incentivize   UTXO   set pollution.   If this thing would simplify the code and reduce maintenance burden, it aligns with Bitcoin Core's policies or aligns Bitcoin Core's policies closer to consensus rules and avoids incentivizing   private or censored relay systems.   The arguments   against.   There's a risk of Bitcoin becoming a general purpose data storage situation.   Loss of node operator control over mempool policy,   security and privacy risks, you know, forced storage of arbitrary content. Well, we actually already have that with   ordinals and inscriptions.  

You know? I have there's god only knows what kind of garbage is on my node   and lying in wait in my mempool to be transacted against. It   that   particular argument against,   let's move on. Larger contiguous   data blocks,   it says a hundred kilobyte increase risk versus inscriptions   of 500 bytes.   Okay? That means that that's a   if inscriptions really are only 500 bytes of data, that's pretty tiny.   A hundred kilobyte   increase,   that's huge.   That really messes shit up.   Okay. So there's also a potential need for retroactive   disk obfuscation   for older nodes.  

Now I'm not really technically   competent enough to comment on that one,   but I don't like this.   I I I don't like this.   There's a heavy split   apparently, between the yays and the nays in Bitcoin Core on whether or not they want to they're they're actually going to implement this.   I hope they don't.   I really do. I hope they don't. But does it mean that Bitcoin's dead   or going to die?   No. It's not.   I will bet   every single day and twice on Sunday   on the ingenuity   of the human mind.   Being able to route around things like this in case it does happen.   You don't we don't know   what   this enacting   of this particular   situation   would cause other humans to come up with.  

But I'll bet you my ass that somebody somewhere would be able to figure out a way around it because I'm always going to bet   on human ingenuity. So that's the lowdown on what the hell is going on with opportune,   Bitcoin Core, and we're all gonna die argument. Now   onto the US Department of Justice requesting a twenty year sentence   for Celsius founder   Alex Mashinsky.   Personally, I think they should just throw him off of a cliff into a deep ocean, but Helen Partz gonna tell us more, Cointelegraph.   Alex Mashinsky,   the founder and former CEO of the now defunct cryptocurrency   lending platform Celsius,   faces a twenty year prison sentence   as the DOJ seeks a severe penalty   for his role in a multibillion dollar fraud.  

On   April,   the DOJ filed the government sentencing memorandum against Mashinsky recommending the twenty year prison sentence   for his actions, which led to billions of dollars in losses   for Celsius customers.   The 97   page memo mentioned that Celsius users were unable to access approximately $4,700,000,000   in crypto   assets   after the platform halted withdrawals   on June   2022.   Quote,   the court should sentence   Alexander Mashinsky to twenty years imprisonment   as just punishment   for his years long campaign of lies and self dealing that left in its wake billions in losses   and thousands of victimized customers, the Department of Justice stated.  

All I can say is we were warning people   way back in the day against shit like Celsius,   BlockFi,   all that.   And nobody listened.   Nobody listened.   They just aped in and said, hey, man. It's crypto lending. This is the new way.   Yeah. Well, no. It wasn't.   You just got hammered and hosed.   But   Bitcoin blocks still get mined. It doesn't really matter, does it?   Cambridge University,   speaking of,   their study says that Bitcoin mining is with sustainable energy   has hit 52.4%   exceeding Elon Musk's target   to resume Tesla BTC payments. This is written by James Hunt   for the Block dot c o.  

A new Cambridge University study found that the Bitcoin mining industry's sustainable energy sources   have grown to 52.4%   over the past few years,   up from previous estimates of 37.6%   in 2022.   The Cambridge Digital Mining Industry Report issued on Monday by the Cambridge Centre for Alternative Finance   at Cambridge Judge Business School said that   9.8   of sustainable energy use is from nuclear power.   Interesting.   And 42.6%   is from renewables such as wind and hydropower.   The report also found that natural gas has replaced coal   as the single largest energy source used in Bitcoin mining.  

Natural gas use has increased to 38.2%   from 25%   in 2022,   while coal has fallen to 8.9%   from 36.6%   over the same period.   The findings   come from a survey by the CCAF   of almost 50 minuteing firms,   including 41   publicly listed with operations across 23 countries, including Bitfarms, CleanSpark, Hut eight, Iron, Mara, and Riot,   covering about 48%   of global Bitcoin mining activity by hash rate.   The study estimates   the network's annual electricity consumption at 138   terawatt hours   or roughly   half of 1%   of global usage. Oh god. They're gonna kill us on this. And its emissions   at 39.8   megatons of c o two equivalents despite a 24%   year over year improvement in hardware efficiency.  

Miners   also reported   that 86.9%   of decommissioned hardware is resold,   repurposed,   or recycled   with the study estimating Bitcoin mining generated about three no. 2.3   kilotons   of electronic waste in 2024.   Among other data,   the study   underscored North America's   dominant role in Bitcoin mining with The US, good god almighty,   accounting for 75%   of reported activity   and Canada following at 7.1%,   though there is also emerging activity in South America and The Middle East   alongside   ongoing operations in Northern Europe.   It also estimated that electricity makes up over 80% of miners' operating expenses   with median   reported cost at $45   per megawatt hour for power   and 55   and a half dollars per megawatt hour including all expenses.  

Furthermore,   the report also highlighted evidence of Bitcoin miners   serving as flexible loads that can help grid operations in times of high demand,   curtailing   888   gigawatt hours of electrical load in 2023   alone.   However,   as the industry faces increasing challenges,   many mining firms are diversifying into areas like high performance computing and artificial intelligence   or adopting innovative energy strategies such as flared gas utilization   and waste heat recovery   to improve efficiency   and find new revenue streams.   The CCAF   report follows a recent Harvard led study on Bitcoin mining's environmental impact   slammed by energy experts as deeply flawed.  

Well, that study,   published in Nature Communications,   argues that Bitcoin mining in The US significantly   contributes to harmful air pollution   with 1,900,000   Americans exposed to increased levels of pine   fine particulate matter between mid twenty twenty two and mid twenty twenty three.   The researchers tracked 34 of the largest   US Bitcoin mines, claiming they consumed 32.3   terawatt hours of electricity,   33%   more than the city of Los Angeles,   Eighty Five Percent of which was from fossil fuels.   Well, in response,   Daniel Batten, an expert in energy and environmental   sustainability,   particularly   in the context of Bitcoin mining,   told the block the study is, quote,   deeply flawed,   suggesting that it, quote, looks like the conclusion was   Bitcoin mining must look bad,   then went looking to find the data and methodologies   that supported that. Yeah. Well, we call that cherry picking.  

Quote,   this article is a throwback to an early generation of academic work on Bitcoin   that uses flawed methodologies   and cherry picked data,   an approach that was debunked by Tsai and Rankin   in 2023,   Batten said, quote,   it should not be taken seriously by policymakers and regulators, end quote.   The Digital Assets Research Institute   also published a formal rebuttal   of the Harvard led paper finding similar issues to Batten.   Batten argues,   there is not just an issue with his Harvard led paper referencing five other negative academic studies on Bitcoin mining since 2022,   often receiving formal rebuttals   over similar issues such as the use of non contemporary   datasets,   discredited sources,   citing news reports over academic articles, and selection bias. Holy shit.  

That's embarrassing for Harvard, y'all.   Just I'm I'm I'm telling you, just like reading that last paragraph   coming from my background, and I have a very heavy academic background, especially in the sciences and the whole publishing side of it,   that paragraph is   damning,   and it's embarrassing for Harvard.   An institution like Harvard   shouldn't be engaging in this bullshit.   That that should be more akin to Bob's backyard   biochemistry   college.   I I could see that. But Harvard?   Nah. This is ridiculous. And I I we talked about that that study, that Harvard led study on this show   just a couple of weeks ago, and I was telling you then just how bad it was. I'm glad that Daniel Batten agrees with me anyway, quote,   despite Bitcoin   mining's impressive growth,   the rapid transformation   is outpaced transparent,   empirical data collection, often leaving policymakers,   researchers, and the public reliant on outdated assumptions   and anecdotal   information,   the CCAF   report author stated on Monday. Quote,   this CCAF   report directly addresses a persistent data gap by relying on direct practitioner insights rather than abstractions.  

Alexander   Neumiller,   research lead, digital assets, energy, and climate impact at the CCAF   added,   quote, by offering a granular perspective   based on data covering nearly half the global mining activity,   we aim to anchor the debate on robust, transparent evidence, and inform grounded policy discussions   about this rapidly evolving industry.   However, the authors stress the new study is only a starting point with more research needed on issues like methane mitigation,   heat reuse, and broader social impacts such as job creation.   Ongoing data collection will be essential to support informed policy making   that balances innovation with environmental responsibility,   the CCAF   said.  

So here's the question.   Will Tesla allow Bitcoin for payments again?   God. Jesus. Who cares? But, like, it's part of the article.   After Tesla CEO, Elon Musk appeared to embrace Bitcoin in 2021   stating that, quote,   in retrospect,   it was inevitable.   The electric vehicle manufacturer   made further headlines   by disclosing it had purchased $1,500,000,000   worth of Bitcoin   as part of its treasury management policy.   Tesla currently still holds a measly,   piddly,   weak ass 11,509   BTC worth around   $1,100,000,000   according to Bitcoin Treasury's data with an average cost basis of   $33,539   a coin   and an unrealized   gain of a 83.4%.  

I'm pausing right there.   What is Michael Saylor's cost basis   on average on a per coin?   It's about $63,000   per coin.   Right? And, of course, that's going to float. It could be as high as 67.   But Tesla's average Tesla's average cost base is is half of that,   and they sold almost all of it   because Elon is not as smart as you think Elon is. Sure. He's a great manager.   And I I think where where Elon's   real   abilities lie is not in direct engineering,   is not in coding,   is not even in management itself   as much as the ability to hire people who can do all that shit.   That is a superpower.  

Being able to select   not only a person with the abilities to execute a certain thing,   but a person that isn't flaky,   you know, that doesn't, like, you know, just shit the bed.   Right? That.   And and not and I'm gonna go one further.   He can't hire all those people himself.   So   his real superpower is being able to see people   that can do what he does,   recognize talent   and non flaky people.   So he hires people   to hire people   to hire people that are the best people to work for those companies.   That's   where his real talent is.   Everything else oh, he's a brilliant programmer. Probably not.  

But he probably knows how to hire people who know how to hire brilliant programmers.   He is an incredible engineer. I've worked alongside him. Dude, incredible engineers exist freaking everywhere. He's not all that brilliant. Besides, he didn't even build Tesla.   He bought it.   See? See where the talent is?   I mean, if you wanna compare him to anything, he's more like Warren Buffett in being able to suss out value   in companies and people   more than he is actually able to build the shit himself. And I'm not saying anything bad about that. I'm just saying,   let's let's give the devil his due, but let's make sure that due is actually truthful.  

Right? He's probably not as good of a coder or an engineer as people think he is. Now continuing on,   Musk declared a month later   that Tesla would then accept Bitcoin as a payment method for its electric vehicles in The US store later rolling it out globally.   Quote, Tesla is using only internal and open source software and operates Bitcoin nodes directly.   Bitcoin paid to Tesla will be retained as Bitcoin and not converted to fiat currency.   I need to pause again because what they're missing here   is that Tesla chose BTCPay   server   to actually do this,   and   Tesla's own coders got into the b t c, the actual code, because it's open source.  

And they found bugs.   And they suggested fixes.   And they sent all that information immediately back to b BTC   pay server   with best practices   of bug reporting and fixing in mind.   It was awesome.   And then the bad news comes. However, just two months later,   amid a Bitcoin price slump,   Musk announced that Tesla would suspend vehicle purchases using Bitcoin due to concerns over the environmental   impact of mining.   Quote, we are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel, Musk said in a statement.   The company said   that it would hold on to its remaining Bitcoin holdings   and would use it for transactions again   as soon as mining transitioned   to more sustainable energy sources. Quote,   when there's confirmation   of reasonable,   more than 50%   clean energy usage by miners with a positive future trend,   Tesla will resume allowing Bitcoin transactions,   Musk subsequently clarified.  

Though largely quiet on Bitcoin ever since,   Musk said in a January,   well, Twitter takeover podcast appearance,   I do think there's some merit in Bitcoin and maybe some other cryptos.   And I sort of got a soft spot for Dogecoin because I like dogs   and memes,   end quote. Oh my god.   Nevertheless, Tesla   is yet to announce any resumption of Bitcoin payment options, and it remains to be seen if they do. The block reached out for Tesla for to Tesla for comment. I guess they didn't hear anything. Here's the rub.   Let's go back and revisit this quote.   Quote, when there's confirmation of reasonable clean energy use by miners   above 50%   okay. We already have that.  

But here's the rub part.   With a positive   future   trend,   but there's no detailing   what that actually looks like to Tesla.   How many months? How many years of a positive future trend?   Well, is there is there some kind of is there some kind of angle of the curve going up,   you know, that that we need to be looking at? I it was they said nothing. Just   positive future trend. And at this point, they can just say, nope. It's not positive future trend enough.   Even though it's 54%   sustainable   energy usage for Bitcoin mining globally according to the CCAF.   And, honestly, I don't give a shit.  

I just don't care   if Tesla takes one more Bitcoin for a car. I don't like their cars. I think their cars are ugly. I think the Cybertruck is a is a worthless pile of metal. It doesn't make any sense to me.   I mean,   how much can it tow? For how long can it tow it? Up what grades would it be able to tow something?   That none of those questions nobody really ever talks about that. Can I haul four tons of equipment   with a Cybertruck? Can I haul one ton of equipment with a Cybertruck?   Will it go a hundred miles?   What if that hundred miles is mostly uphill?  

When I'm braking,   you know, because the the brakes on a Tesla, I I don't think they're brake pads.   I think they're actually using potential energy in the electric motors to actually do that braking.   How much can I break? What how much can I tow downhill without getting my ass killed?   There's nothing about the Tesla vehicle that makes sense to me.   Other than that, it seems to have duped a whole bunch of people, and now they're really mad at Musk, so they're getting rid of their cars because they bought it, quote, unquote, before they knew who Musk was.   Doesn't matter. Let's get out of that shit.  

US Secretary Of Commerce,   Howard Lutnick,   has a Bitcoin vision for America.   Howard Lutnick, take us out of today's episode of Bitcoin and   Bitcoin magazine's Frank Korba.   Ah, Frankie. He's one of my favorite writers, by the way. He's writing this one. On Wednesday,   April   2025,   I sat down   with secretary of commerce Howard Lutnick to discuss his Bitcoin vision for America.   We discussed the US Department of Commerce's new investment accelerator that will benefit Bitcoin mining companies,   why he views Bitcoin as a commodity like gold, and why it's only natural that the Bitcoin mining industry find a home in The United States.   On March   2025,   the commerce department launched an investment accelerator.  

The aim of the accelerator is to help firms that want to invest in America get new projects off the ground. It assists by making clear to companies what regulations they must understand,   and it helps them to obtain the necessary permits.   Secretary Lutnick envisions the investment accelerator being beneficial to Bitcoin mining companies, quote,   we're going to make it so that if you want to mine Bitcoin   and you find the right place to do it, you can build your own power plant next to it, said secretary Letnick in the interview.   Quote, you don't necessarily need to be on the grid, and you are going to see this happen. Miners are going to put their data centers on top of gas fields   and then put a plant right next to them so that they won't be   beholden   to drawing power from the existing grid. Interesting. You'll see the next generation of miners in America, they'll be able to control their destiny and control the cost of powers which I think is going to turbocharge bitcoin mining in America.  

Here's his views on bitcoin as a commodity.   Quote, Bitcoin is a commodity,   and it should be treated like a commodity.   It should be treated like oil. It should be treated like gold. It's not a currency.   End quote. Secretary Letnick stated that in treating Bitcoin as a commodity,   he might consider having the Bureau of Economic Affairs   employ Bitcoin in its calculations the same way that it employs gold.   Currently, the BEA uses gold to refine   and calculate its national economic accounts, which includes GDP.   The bureau also accounts for gold and trade statistics,   recording gold exports and imports exports and imports as part of the international transaction   accounts.  

Secretary Lutnick stressed   that the Bitcoin industry is indeed welcome in The United States. He noted   that the current administration has true Bitcoin believers in it like himself and White House   AI and crypto czar David Sachs, and he wants to see Bitcoin thrive in America.   Quote, America is the most extraordinary   business place   on Earth, said secretary Lutnick.   He added that the goal is for the Bitcoin industry to figure out how to win in America because the Trump administration plans to help the industry   achieve the highest degree of success   here, an approach that is the polar opposite   of the approaches of the previous administrations.  

Quote, it was treated under the Biden administration like you were doing something wrong.   Now you have that in the rear view mirror, and it's never coming back,   end quote.   And when he said, quote, never,   he didn't just mean never as far as the Trump administration   is concerned.   He meant that The United States is a Bitcoin country from here on out. Quote,   you've never seen The United States Of America embrace something and then turn their back on it later. That's never happened, said secretary Lutnick.   If the Trump administration   loses this next election,   hell, even if they even if they get lambasted in the midterm elections, and this shit flips blue again, and they do not have   all this stuff as   law. If it's if it's standing as nothing but executive orders for Bitcoin mining, for energy usage, for how banks treat Bitcoin,   for all of the stuff that we're getting coming out of, like, you know, the DOJ   and the SEC   and the secretary of commerce and all the Trump himself.  

If it all remains executive orders and fucking statements,   you can kiss it all goodbye   in midterm elections   because the way that people are feeling right now, even a lot of people that voted for Trump are fucking pissed.   It doesn't mean that I   I make no claims as to whether or not I hate Trump. I'm completely neutral.   Right? You'd I I don't care. He's orange. He does shit. He reaches for things. He screws shit up. Sometimes he does stuff right. I have to be neutral on this guy when I'm talking to you all y'all about it.   He's not making the boomers happy. Whether you give a shit about boomers or not, whether you want them to be poor ass broke or not, it does not matter.  

They can vote,   and they are pissed.   They are visibly pissed.   They were not expecting   having the stock markets   tank like they did. You and I both know it's a casino. I get it. They don't.   I I you are not the people I'm trying to convince here. I'm just saying   this is the way it is,   and I'm not seeing a whole lot more motion   of making the strategic Bitcoin reserve   law,   like senator Lummis's Bitcoin   bill.   That needs to be   law so that it is almost impossible to repeal off of the books   because in midterms,   if   if even if the Republicans   still take control and keep control of everything,   you still you've only got two more years.  

And if shit doesn't start looking better for the boomers and the people that voted for Trump, there could be real   problems.   And here's the rub.   If it does flip blue either in the midterm elections   or the twenty twenty eight presidential elections,   if it flips blue, you can kiss all this goodbye.   This will be immediately on the chopping block.   It is very clear. Like like, when I get into my car, I listen to what?   National   Public Radio.   And you're probably cringing, and you'll go, why? Why on earth would you do that?   Enemy chatter.  

So I can figure out what the hell they're doing. And you know what they're doing?   They have selected   climate change   as the hill they are going to die upon.   I I'm largely not hearing as much about LGBTQ   plus and all that stuff. I'm largely not hearing about trans issues. I'm largely not hearing about children being read books by   drag queens.   I that's not what I'm hearing. I'm   hearing   nothing,   but we're all gonna die   because of   carbon. And climate change is driven by carbon, and carbon is bad, and we're all gonna die. And yeah. That's   all   I   hear.  

They're going to die on that hill.   That Harvard study,   that thing was manufactured   to make Bitcoin mining look terrible.   It's not.   It's just not.   Any time I mean, that Harvard study had a map about all these like, county by county map of like, and they were all colored in black where where fine particulate matter was charged up because of Bitcoin mining. And it was all   just it was like this chain of custody. It was like, because Bitcoin miners over here in this state   use power from this grid in this other state, the power plants up here at this other state that are just happened to be part of this grid from this state, started spinning up. So, therefore, the mining in Texas caused a four year old Tennessee girl to die.   It is stupid.  

Everything about the Harvard report is just absolutely   fabricated.   And if you think it ends there,   you are wrong.   Because if   if this shit isn't locked into law   by midterms and beyond, at least by the end of this administration,   that Harvard study   is gonna look like a walk in a park.   So just understand that   we need stuff to start moving along here.   Okay?   We we I think we've given Trump enough of a break on not doing jack fucking shit with the Bitcoin strategic reserve that it's time to start putting pressure back on   David Sacks   and the guy from Bitcoin Magazine that kinda started I mean,   I I can't remember his name right now. I don't know why. But   whoever that dude is, he's the one that got Trump to go over to the Bitcoin conference and and and say the words Bitcoin strategic reserve for the first time and help get them elected. I mean, that's just a fact. They helped get them elected. It's time to start putting pressure on these people.  

Again,   they need to get off their ass. This shit needs to end up in law. It has to have the legal framework wrapped around it. It has to be part of the legal infrastructure   of United States code.   Otherwise,   it's all going away   unless   unless   the Trump administration can get JD Vance or   how   whoever. They'd have to re retain   power in midterms.   They'd have to get reelected   in 2028,   whether it's JD Vance or whatever.   Yeah. If you can do that,   then you can kick this can down that road for another, what, six straight years or, well, seven straight years?   Yes. Let's just say eight. Okay? We'll just say eight. Eight years.  

Do you just wanna kick the can down the road or not?   They're not moving on the strategic Bitcoin reserve.   They're not auditing.   We don't we still don't have an audit of Fort of the gold in Fort Knox like they were talking about.   They keep saying they're going to do these things. They're not doing the thing.   I   I know what you're saying. Well, David, what are you gonna do about it? I don't know, man. Maybe I'll call my senator. You know, fat lot of good that's gonna do.   Maybe it's just, you know, instead of calling your senator and telling them how they need to act, you call the senator and say, I'm going to primary your ass.   Maybe that's the only thing out of every phone call and every letter and every email that it should just be a threat to primary your ass.  

Not begging, not pleading, just over and over and over and over and over again to where the guy or the gal in question goes to sleep at night saying,   is it possible that they're serious that they could actually primary my ass?   Maybe then.   Other than that, I don't know. But I do hope that you end up with a good Tuesday.   Things are looking good. They really are,   but we have to remain vigilant. That that's what that's what I wanna leave you here with, is that we can't just, like, roll over and say everything is gonna be fine. It's not gonna be fine if we just roll over and think it's gonna be fine. We actually have to to do the thing.   And I've done my thing, and I'll see you on the other side.  



[01:12:27] Unknown:

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.