Music Credits
Protofunk by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4247-protofunk
License: https://filmmusic.io/standard-license
Ethernight Club by Kevin MacLeod
Link: https://filmmusic.io/song/7612-ethernight-club
License: https://filmmusic.io/standard-license
In this week's episode we take a dive into the world of Nostr. Kenshin walks us through how to both set up a lightning wallet and integrate that into a Nostr client so you can join the revolution.
Getting Started with Nostr page:
https://satoshis-plebs.com/nostr/
Bitcoin Price at Time of Recording
January 29th, 2025: 102,100 USD | 98,200 EUR
Block Height at Time of Recording
881,391
News and Notes
SEC Withdraws SAB-121
Bull Bitcoin Expands to Europe
Czech Central Bank Exploring Bitcoin Allocation
Software Updates
Zaprite integraton for BTCPay Server
Ark Labs Releases ARK Wallet SDK
Damus v1.12
Alby Extension v3.11.0: Card for Importing Nostr Keys, Pending Transactions for NWC & More
https://www.nobsbitcoin.com/alby-extension-v3-11-0/
Plebeian App Launches MVP of Plebeian.Market Platform
https://www.nobsbitcoin.com/plebeian-app-launches-mvp-of-plebeian-market-platform/
Music Credits
Protofunk by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4247-protofunk
License: https://filmmusic.io/standard-license
Ethernight Club by Kevin MacLeod
Link: https://filmmusic.io/song/7612-ethernight-club
License: https://filmmusic.io/standard-license
Website
https://satoshis-plebs.com
Podcasting 2.0 Apps available at http://podcastapps.com and Value4Value information page available here: https://value4value.info
McIntosh can be reached by email at [email protected] and on Twitter at @McIntoshFinTech. His mastodon handle is @[email protected] and his Nostr. Kenshin can be reached on Twitter at @kenshin_ninja or on Nostr. Kenshin’s email is [email protected]. You can also follow the Satoshi’s Plebs podcast account on Nostr. We are looking forward to hearing from you!
We are looking forward to hearing from you!
[00:00:00]
McIntosh:
What is up, Pleb Nation? Today is January 31st, and this is episode 195 of of satoshi's plebs. I don't even know what I'm saying. I'm so discombobulated. I'm McIntosh. Who are you?
[00:00:15] Kenshin:
I am Kenshin, and today's episode is Get On Nostr.
[00:00:50] McIntosh:
Awesome. Alright. Yeah. No. We'll talk about that just a minute. I am having all kinds of problems, and we have 45 minute windows. So now because of all the issues I was having, so let's get rolling. Bitcoin price, as I wrote it down a few minutes ago or one of us did, it was 102,100 USD. And how many euros we got today?
[00:01:14] Kenshin:
Around 98,200.
[00:01:18] McIntosh:
98,000. And we are already right now at 103419. So who knows? I don't know. It could be at a 110 when we get done recording. It could be at 95. I have no idea. Block height, 881-391. And our difficulty adjustment, which just happened, was minus 2.2%. So we went down again, but now it's looking like we're gonna go up. Although it is early. Right now, we're at a 4.03% estimated adjustment. So that's actually 2 downs in a row, Kenshin. So maybe some of those Russian miners did get turned off. I don't know.
[00:02:01] Kenshin:
Mhmm. Yeah. It's, we have 4, 5, and 6 SatsperVbytes for Okay. For sending a transaction. So it's it's okay. But we had one Satsprovi byte, a few We did. For a lot of blocks. I have been monitoring the mempool a lot in the last few days,
[00:02:18] McIntosh:
and things are it's clearing out as far as I can tell. Like, we're at a 165 megabytes right now, or we were just a few minutes ago, which is the lowest that I've ever seen it when we it well, let me rephrase that. Certainly, in the last couple of years as we as I've been recording, and we're at 60,520 transactions, that are unprocessed. So
[00:02:46] Kenshin:
That's quite good. Yeah.
[00:02:48] McIntosh:
Alright. So what's, what's up with Kension?
[00:02:53] Kenshin:
Yeah. Well, it's been a hard week, I would say. Been a bit sick. My son was sick last week, so then I I got what he got, I guess. And He passed it on. Aren't he? Yeah. It's great. Yeah. It happens every 5 to 6 months. So that's what happens with young, children, I guess. And, but I've been doing a lot in my free time. I've been, trying to code a lot in Python with the help of AI and trying some scripts, to do some bots on Nostra, and that's been very, very fun in the past week. Okay.
[00:03:33] McIntosh:
Yeah. And I also started, hosting my own my own AI models. So run So what model are you actually using? I don't wanna turn this into an AI show, but this is interesting.
[00:03:44] Kenshin:
Well, of course, a big motivation was the new DeepSeq. Mhmm. So I run those,
[00:03:51] McIntosh:
a couple of them to test them. So you're running the deep seek models on your local server or whatever.
[00:03:58] Kenshin:
Yeah. But they they have, of course, different levels of that model. Right? They do. Mhmm. I I run one of the small ones. So they are not super good. Especially, the smallest one is unusable, I would say. I think it's 7,000,000,000 tokens or something. I don't know. That's the second smallest. The smaller yeah. They have a 1.5. Oh, wow. And that is unusable, actually. Right. I ask it how how my how many Bitcoin there will ever be, and it said 50,000,000.
[00:04:33] McIntosh:
That was funny. Yeah. I've been playing around with DeepSeek deep seek a little bit myself. Now I'm not self hosting at this point. Although, to be honest, I'm thinking about it. I don't really have the hardware right now, but I could see investing some money. I have been using AI for a couple years. I use it at work. I use chat g p t. So I'm, you know, I'm familiar with it. And, at work, what automation code that we write outside of, our main language is Python. And so I'm always doing Python things, so I'm familiar with kind of how chat gpt deals with that. So, actually, over the last few days and I'm not trying to copy catch you, but you did give me the idea, I guess. But I did, although I didn't know you did it in Python.
Alright. So I'm writing a bot myself, a news bot for Nostr in Python. I'm like, oh, I can play with this. And, you know, it's and I spent, like, 2 nights with chat g p t trying to get things going, and I never could. And then I've been hearing about DeepSeq. And so I flipped around to the deep seek site, and I'm telling you within 2 hours, I had it running. Oh. Now your results may vary. That's just what I experienced in that one case. What I do think is that their model is not perfectly trained just like any of them. It will evolve. It will get better. It does look like they are able to dramatically reduce the processing power that's needed to host these large language models. Yeah. And I find that from a hobbyist standpoint, if you wanna call it that, I find that very intriguing because I don't wanna go out and buy a bunch of really expensive GPUs, you know, to host of, an LLM.
So but as I think I mentioned on Noster, what one of the things I would love to do is host an LLM and then feed all of our transcripts into it, which now we have almost 200. And then we would basically have a way to instantly interact with a, with the agent or whatever you wanna call it and say, hey. I need to know when we talk to this person or what we said about this, you know, and have it figure it out. I don't know. I don't know if that's possible, but I would love to do it.
[00:07:12] Kenshin:
Yeah. I I heard, I can say that really fast. Some some guy at work in another office in another country, they said he had documents for the past 25 years in on his hard drive. And he put all those PDFs and Word files in in his local, GPT, whatever it was. And he would ask questions within those documents that no one knows the answer to except those old documents. And it doesn't exist, this knowledge base online either. So Right. Yeah. Right. It's very useful. And that's you know,
[00:07:44] McIntosh:
the reality is if I stay in my career path, I'm going to be forced to understand and kind of dive into these LLM models and things like that. It's just the way technology works. I mean, let's not even get off of that. I was going to tell a joke about old Hays modems, but we won't. Anyways, you know, it's just what it is. And I do find it interesting. I do not think that these models are gonna, like, run the world or become all knowing or or whatever. But I think they're very useful, especially for things like what you're talking about, where you can kind of index your life, and then it's it's just available at the tip of your fingers.
So this is gonna be a little bit of a shorter episode, and I do apologize. But right before we started recording, Kenshin was hearing something in my, my voice in the way that that, you know, it was coming across to him over in Sweden. And I made a mistake and restarted my laptop because, well, there was nothing left to do. I'd already closed up Chrome and restarted it. And when I did it, Chrome just completely quit working. It, like, it will not connect to the Internet. Everything else on my laptop works. The little widgets, mail, Safari, which is like the same thing.
It's a web browser. All of this stuff all works perfectly well. Chrome just sits there and says, no. I'm really not gonna actually do that today. And and so I fiddled with it. I reset the cache and did all kinds of little stuff. Nothing. I don't know what's wrong with it. I really don't. As far as I can tell, probably when I rebooted the laptop, it installed an update. And when it did that, it died. So I don't know. But I ended up pulling out my work laptop, which is not ideal. But, oh, by the way, we're at 104 now. Maybe we are gonna go hit that 110. We'll see.
But yeah. So here we are. We are gonna have to make this a shorter episode because I have a hard deadline here in about 20 about 35 minutes. And Kenshin, it's late for him. So we don't wanna we wanna honor that and not be on too long. But we're gonna have to get this sorted out because, man, that was that is not the way I wanted to start this off. But, yeah. Alright. Let's jump right on into things, Kenshin.
[00:10:30] Kenshin:
Yep. So should we jump to the topic of the day really first?
[00:10:34] McIntosh:
I think so. Oh, you got all kinds of nice stuff here. We're gonna have to put this in the show notes maybe. I don't know how we could do that. No. We should put it on the website. Sorry. Yeah. A little technical background talk there.
[00:10:50] Kenshin:
So the topic of the day is about getting yourself a Nostra account and a Lightning wallet. And, Macintosh, that that could be useful for you. Now you're making news spots. Your news spots need
[00:11:04] McIntosh:
a lightning wallet for that new spot. Yes. I am aware of that. So this is very useful. Mhmm.
[00:11:11] Kenshin:
And now I will go a bit a bit an upside down way. So now I found a way that you register a wallet first. You get a account at the same time, and then you go and log in and configure your profile. Okay. So it's a bit upside down, the process. So maybe it will not work for you, but it will actually because you can still log into that platform with Gnoster. But the processes, I chose coinos.
[00:11:46] McIntosh:
Coinos. Okay. It's not coin OS because that's what I always wanna say.
[00:11:53] Kenshin:
No. Right. Okay. It's spelled like that, like coinos.i0. Okay. So if you go there, and I chose this for for a couple of reasons actually. It's it's a non custodial wallet, so you don't have to do anything weird with lightning. You don't need to open channels, manage anything. It's very beginner friendly. So you just log in, make an account, and you have a lightning wallet, and it works.
[00:12:23] McIntosh:
I think it's So where where is the account actually hosted though?
[00:12:28] Kenshin:
I don't know.
[00:12:29] McIntosh:
I don't know.
[00:12:32] Kenshin:
But I think it's it's not completely non I don't know the technical details. I know that it's somewhere in between a completely non custodial and a custodial because you hold, those keys that you get this master pairing keys.
[00:12:49] McIntosh:
So you have keys to the wallet, but that wallet is has to be being hosted by CoinOS. It's It is hosted by them, and they manage all the liquidity. Whole lot of info here. But I do well, for one thing, they, this name has started coming up in the just in the last couple of months a lot. Like, coin o coin o's or I'm sorry. Whatever. I apologize. But coin o's, is that right? I just I really wanna say coin o's. I don't know. But, yeah, coin o's, it's just been part of the Noster talk for the last couple months because they've come up with really it looks like a really straightforward solution.
[00:13:39] Kenshin:
Yeah. Exactly.
[00:13:41] McIntosh:
Sorry. So I interrupted.
[00:13:43] Kenshin:
It's okay. But it's very simple. You just go there, you click to register an account, and you just choose a username of of your liking or you they have a nice random button so they can you can get the random username as well. You can roll the dice. Yeah. You roll the dice. You can even choose, a log or a profile image, but it's not necessary. Okay. And And then, of course, you choose a good password because you log into that platform then with your password to access your lightning, balance.
[00:14:20] McIntosh:
So your Nostra keys, which is what you're generating, is actually acting as both your Nostra keys and your Lightning wallet keys. No. Alright?
[00:14:33] Kenshin:
There there you just put a password. Just the password to log in on coin OS. We will see where the nosy key comes now. Okay. So once you do a username and a password, you you're done, basically. You are on the dashboards, and you instantly have a a lightning address. And you can, receive, lightning payments directly. And it's in the form of the username that you chose at coinos.io. So it's very simple, very easy to remember for you. And the good thing is that once you have that done, at the same time, you have a, public ID and private key done. So so and to find them, you can go to the to the top right. There is a menu icon, and and there you find the settings.
And inside those settings, in the middle tab, it says settings again. So it's set menu, setting settings, and you find the Nostra Integration button. And in the Nostra Integration button, then it opens up the the keys. So you see the public key, and in the bottom, you see the private key. It says something like reveal, private key. And it shows you this nsec and then a bunch of random characters. So that's the security key. That's the key that you can use to log in to any Nostr app.
[00:16:08] McIntosh:
So I I went I I just registered Macintosh. Sorry. I just registered Macintosh at coin no. Coinaust.io. So now you can send your, sats to Macintosh at Yeah. Yeah.
[00:16:24] Kenshin:
Awesome. You can connect this. You can connect this. Yeah. Exactly.
[00:16:29] McIntosh:
And you can connect this to a new system. Actually, it it it's a lightning wallet though. Like, I I Yeah. Bet I could use this elsewhere.
[00:16:39] Kenshin:
Right? Yeah. Yeah. Absolutely. Everywhere. Yeah. So, so that's the process now that, and the next step is to go to a app. So you see how easy it is. And, I suggest on, on iOS, I suggest demos as everybody does and on Android, Amethyst. But for simplicity's sake, for new users that never used Nostrum before, I would suggest Primal. Okay. So Primal has, iOS, Android, and a web version. Right. So it's a very simple app, very easy to use. And I think that's the best to start with and get your feet wet, let's say, with Nostra. And once you you go on Primal, you download it, of course, it's an app.
And you the way to to log in, of course, is with with your Nostr NSEC that we found on CoinOS. So with that Nsec, you just paste it in the, in the app when you want to log in and it just opens up the Prime model interface with your new profile. And it's it's very empty. It's nothing much there yet. It's like making a new Twitter account, of course. So you follow no one and no one's following you. But they they have, the good thing with Prime is that they have, like, a trendy or the the the popular post of the day. So actually you you can see the most popular stuff of of the last 24 hours. And then you it's it's easy a bit to to start following some people.
Still, you need to set up then your profile because even though you you logged in to Primo, and you have a profile, you can go to your profile, settings and edit it up and connect your wallet now. So once you go to it's on the side menu on the left. Mhmm. There is a profile, yeah, your profile. And in your profile, it has something a button called edit profile. And in the edit profile, then you can, add the avatar, and, whatever it's called, the the big picture on top. You can add the username. Mhmm. So you can put any username name you want, like a display name, let's say, website about you.
So you can add a few things. And in the bottom is important 2 fields. It's the fields about one is called, lightning, where is it? Bitcoin lightning address. And the second field is called verified nostr address, nip 05. So those two fields, you fill up with your new lightning address, [email protected]. So both of those fields, you put the same. Both of them. Yeah. Both of them. So essentially, that's at that point, once you do that and you save, anybody can zap you. And that's done at that point. And you look like you're a verified user in on Nostr because this this username connects you to your nsec and your npub through coin OS.
So it's all connecting back to each other.
[00:20:12] McIntosh:
Yeah. I see that. So I do have one question. You you're saying that the verified nostril address so Yeah. This is one thing I'm I'm not super familiar with, so please apologize. I'm gonna apologize in advance for my ignorance. Bitcoin lightning address, I understand that. That points right back to coinaustotio. But you're saying that we should put that same address essentially in the verified what can you explain what that means?
[00:20:45] Kenshin:
Yeah. It means that it's this because it comes from CoinOS, that address. And in CoinOS, your account with that username, that email, essentially, is connected to your Noster, NPUB, and Nsec. So you do the opposite. So in the app, you you put that, lightning address. So you connect the nostril profile with that, wallet. So so they're both together connected in both, let's say, systems. One side is the nostril and one the other side is the coin OS. I don't know technically how they verified, but I it's but this leads to you because it's it's through Lightning, of course. Because that that's a Lightning address. It connects to you. You get the money in coinOS. And at the same time, coin OS knows your nostril profile.
[00:21:45] McIntosh:
Well So while you talk through all that, I did that. You can see it here, maybe, in And you're verified. In in demos. So now I'm set up again, Macintosh. I don't wanna show that, but, you know, it works. No.
[00:22:03] Kenshin:
So it works now to receive. Right. To receive subs. And that's at that point, people can stop, but it's not very difficult to connect now to sent zaps also. Okay. Let's do that. Yeah. So if you go to Primal Mhmm. And instead of profile on the left side, you go to settings. So Primal has settings, and then in the settings has wallet settings. Great. And in the wallet settings, they have preactivated their own wallet, but we can disable that. So you disable that, and then it gives you the option to add a custom lightning wallet.
Once you go to the wallet settings, you see that the the Primal Wallet is activated. And we want to deactivate it because we use coin OS as a wallet, not Primos Wallet. Mhmm. And once you do that, once you deactivate it, you get the option to to press, like, a custom custom, wallet settings. And when you choose the custom settings, then you have the option to either paste a link or take, a QR code Okay. And a scan. Right. So depending if if you if you have coin OS dot io on the laptop, you can use the QR code with the phone. Right. Otherwise, if you're on the same device, then then use the the code to paste. Copy and paste. Right. Yeah. And to and what code you need is from coin OS, then you go back.
And I I keep saying coin OS now because you you said it.
[00:23:52] McIntosh:
It's my fault. Man, see, now I'm spreading bad English all around the world. It's not just me. Yeah. So Sorry. Yeah. It's okay. But if you go so sorry.
[00:24:08] Kenshin:
But if you go back to coin OS now, Mhmm. In in the main dashboards, if you click on your profile picture, then you go back to the main dashboard. And you have, like, your balance. And next to the balance, there is, like, a a clock icon and a settings icon. Right. If you press that settings icon, then you get, account settings.
[00:24:34] McIntosh:
What if you click on that? Connection. Yeah. Yep. Reveal connection string. Where each you're looking
[00:24:39] Kenshin:
for. Yeah. So that you copy that and you paste it in that custom wallet field, and then you're completely done. Then you can receive, send through Primo and everything. So in essence, it's like 10 steps. And if you see the them from the website, it's much faster than listening to me saying the math. Very cool. And what you should do for people who do for the first time is write their first post. Describe a bit who they are without revealing too much, of course, but say hi. Right. A few details and end that post is very important. End it with a hashtag introductions.
Because that hashtag introductions, a lot of people like me and a lot of, Nostril people, they follow that hashtag. And they try to onboard new users and be kind to them and they zap them, especially if they have a wallet set up, then you will get your first zaps quite fast.
[00:25:43] McIntosh:
You know, I honestly don't think I ever did that. Yeah. I kid you not. It's alright. No. It's quite good. But, I don't think I ever did. Alright. Very cool, Kenshin. Is there anything else that we need to know before we move on? No.
[00:26:00] Kenshin:
You can know that if you receive any zaps and you cannot send them, you can go to coin OS. And from coin OS website and dashboard, from there, you can send to any other wallet you want. So there is is the fully functioning lightning page. So if if you're stuck on primal and cannot enter your custom
[00:26:23] McIntosh:
Is there any chance that you could, like, send a a zap to somebody from here? Like, could I put in a in pub address and have it work? Have you tried that?
[00:26:36] Kenshin:
You can send subs. Yeah. Of course. Oh. It's a lightning, it's a lightning. Okay. So you can I don't know if you can sub a specific, post like this? You can sub, if you go to profile, to profile of someone, and in their profile, they will have the lightning address. Then you can copy that lightning address. You grab it that way. Yeah.
[00:27:02] McIntosh:
A little more direct, I guess. But once you get that integration set up for your Nostra client, then you can just do it right in there, and that's super handy. Yeah. And that way, you can scroll and tap and boost 21 sats. Right?
[00:27:21] Kenshin:
Yes. That's my usual. 50. Not 50. No.
[00:27:25] McIntosh:
21. Not 50,000,000. Alright. Very cool. Thank you very much, Kenshin. I know that you've frankly been a little more on the Nostra bandwagon than I have been, and I appreciate that. I'm I'm trying. I'm getting there, and I do like it. I I still wonder honestly, and maybe I shouldn't even speak this negativity, but I'm not I'm not for sure the average person is just willing to to make a change. It's not that they don't think that it if they tried it, they would like it. But most people are sheep. Let's be honest. Right? And the sheep follow around in the in the herd.
Right now, the herd's on Twitter. Yeah. The herd's on Facebook. The herd's on Instagram. What was the Nostra app that was the Oster. Right? O s t r something like that? That app could compete very easily with Instagram, and it lets you directly interact. Like, if I posted a nice picture, you could zap that if you so chose. Right? And support me directly that way. You can't do that with Instagram, not to mention the whole deplatforming. And, I mean, there's just, you know, there's so many other things. I'm gonna do what I can to support it. I just I I'm just being honest. I just don't know sometimes how the future what the future is gonna hold for it. Right? But we'll continue to build the things, and maybe maybe people will come along.
Maybe. So very cool. Yeah. But this was great. I appreciate this. This was very helpful.
[00:29:15] Kenshin:
That's why we talk about it. So hopefully, more people come. And, yeah, you can double in both Twitter and the Nostra for a while. It's okay. But there is value to both at this point.
[00:29:27] McIntosh:
There is value to well, there's value to Nostra. I don't know about Twitter sometimes. Alright. Very good.
[00:29:37] Kenshin:
Just let us they they can let us know. The audience can let us know if if they manage to make a Nostra account with those Okay.
[00:29:47] McIntosh:
Instructions. Yeah. Why don't you That would be nice. Why don't you boost in, if you use these instructions and and well, of course, I'll be here on the podcast. We'll write them up as well, and I will put that link into the show notes. So if you do better written with this kind of thing, then you can just click through the show notes. Alright. Very cool. Alright. Let's talk about our supporters. Kenshin, we did have some support this week. We had a couple of boost, our friend HBH Gardens, and I'm gonna have to I'm gonna have to do a little editing on the fly here, and I apologize. I just it just bear with me. Okay?
I'd rather have a casino coin versus a no corner president. A casino coin is one step closer to a Bitcoiner. That being said, future casino coin deleveraging event will likely yield rivers of blood. I do have grave concern about that part of this. I don't think things are gonna end well, if these alternate coins are allowed to proliferate. And to be clear and maybe I haven't been sorry. I I wanna interrupt for just a second. I had a lot of issues with Gary Gensler. Alright? But my issues with him were centered around the fact that he was trying to kind of legislate by lawsuit. Like, they would not tell companies what they were supposed to do. They would just go sue them.
That's not good governance. From the way that I look at this, from what I can tell, other than Bitcoin, every other coin falls under the jurisdiction of the SEC. Bitcoin is a commodity because for all the reasons that we've laid out, there's no there's no governance. There's no board of directors. There's no company. There's no foundation behind it. Unlike every one of these, including one that was in the news a lot this week, XRP, Ripple. Right? There's it's those companies, frankly, should be regulated because they are doing things to harm the public. I'm not a libertarian in that sense because everybody knows that these things are not gonna end up well, and yet they're allowed to continue.
And even our own president is out there creating meme coins. I I don't know. It's just it's bizarre to me. But, anyways, I do think that we will Yeah. Yes. We will have massive deleveraging, and that's actually one of the reasons why I think I mentioned on on Twitter or Noster. I'm fairly convinced at this point. Yes. We will have a 4 year cycle just like we've been having 4 year cycles because this stuff will get over leveraged and it will get washed out and we'll go down however much we go and that remains to be seen. But I don't think we're gonna have a kind of a gentle top and then maybe it consolidates for a while and then keeps on going.
I think we're gonna have a blow off top just like we did in, say, 2017, and I think we're gonna have a 30, 40, 50, maybe more percent drop. And let me tell you, if we're at 300,000 and it drops a 150,000, a lot of people are gonna get freaked out. That's okay. Oh, jeez. We can buy their Bitcoin at cheaper prices, and that's just the way of it. And then secondly, we also oh, sorry. That was 500 sats. Thank you, HBH Gardens. I appreciate that. I appreciate that insight. Send It Mike, our friend Send It Mike boosted in a 1,069 sats, and he said, I'd rather have a no coiner. So this is a little different.
They're actually I guess they're the exact opposite. And both actually, I thought had some really good points. I'd rather have a no coiner who believes in sound money and wants the best for our country over an altcoin president who sees his supporters as a revenue stream and not people he should try and help long term. A president happy to rug pull his supporters won't hesitate to 6102, which maybe we should talk about that actual ruling at some point. It was a law that was passed back in the thirties to take people's gold.
It won't hesitate to 6102 us to keep his power. I think he'd stop. He'd be stopped. I think he'd stop. Sorry. I think he'd be stopped from doing it, but he'd be okay with it. Yeah. Honestly, after talking to you off and on here for the last few weeks, this doesn't surprise me, and it's certainly a possibility. Unfortunately, no one, as far as I can tell, that's in politics or at least very very few actually believe in sound money. I don't think Trump really does, or at least I don't think he understands that what that even means. If he ends up moving this country to essentially a Bitcoin standard, it will almost be by accident.
Yeah. If that makes sense that we land on sound money. This country is still run by Keynesian economists, just like every other country in the world, almost without exception. Maybe not Argentina and and maybe not El Salvador. Maybe That still remains to be seen. But I don't think that's changed here in the United States just because Bitcoin is on everybody's tongue. We know the basis for that. We talk about that. But ladies and gentlemen, these economists who are on the news all the time, these people who are talking, they're Keynesian to the core.
And that is just that's what they do. That's what they breathe. They breathe printing money and so on and so forth and 2% inflation and and all of this baloney. By the way, Great show topic. We do need to talk about deflation. Not today anyways. So time will tell on all of this. I both of those great points, great viewpoints, and I appreciate that. So we did in total get, between those 2 and some streaming. We got 1673 sets. So thank you very much. Very, very much. Alright. News and notes. We had a couple of things. Alright. So we've got so we've got 3 news items today. First of all, I wanted to mention that the SEC has officially withdrawn this accounting guidance, SAB 121.
And what that will allow is in layman's terms for banks to hold Bitcoin, which will be very interesting. I think there's a lot of very large banks who are chomping at the bit to do that. I'm gonna leave it at that, but that is probably a good thing for the future. I hope they do it properly. I hope they do not rehypothecate their Bitcoin. That will not end well, and that may be part of the blow off top that we were just talking about if they do. And then the second item, kind of a short little item. There's a bull bitcoin, which is up in, I think they started in Canada. I think he's expanded or he's moved down to Costa Rica, but now they're expanding to Europe. So bull Bitcoin is a self custodial exchange. So you they don't hold your funds. It's not like Coinbase.
They're, they're trying to move that, you know, when you buy your Bitcoin, it it goes straight to you, if that makes sense. Yeah. I have a little experience with them, actually. They had a service. I think it's actually been shut down through the Canadian postal, post office. And a couple years ago when we went up to, to that area, we were in Vancouver, and I actually tried to do it. And the whole claim was it was non custodial, non KYC. You could walk in there and buy Bitcoin at the post office essentially. Turns out not true.
Just to have the app, you have to provide your telephone number. And I consider that KYC. I mean, I funny story. Why do you say that? Well, because people keep the same numbers in many cases forever. I came across I'm not gonna get off on that. Sorry. I'll just cut that out. No. It's too long. It's a great story, but it's too long. We gotta move on. Okay. Alright. So, Yeah. So I didn't get to do that because I didn't have a Canadian phone number. So interesting. And and I would consider that KYC. Clearly, I think his name is Francis, did not, the CEO there of Bull Bitcoin. That's okay. We can disagree.
I just thought it was KYC, a light form. Alright. And then what's our third one?
[00:39:46] Kenshin:
Yeah. The third one is, the Czech Republic. The head of the National Bank in Czech wants to buy 1,000,000,000
[00:39:56] McIntosh:
worth of euros. And And he used that word, 1,000,000,000. I mean Yeah. Translated from whatever it was that he check, I guess. Yeah. But yeah. 1,000,000,000, not 1,000, 1,000, 1,000,000 of euros. So that is interesting.
[00:40:13] Kenshin:
Yeah. And he wants to make a reserve asset out of Bitcoin. The most interesting part is, I don't know if you saw it. It was very recent now, a few hours ago. Cynthia Loomis. She quoted that news, and she said the what did she say? The the the second, is the first loser or something like that. Right. So it's like you need to be first.
[00:40:42] McIntosh:
It's true. No. She's right. So whatever country, whatever central bank starts buying Bitcoin wins. Everybody else, they don't. There's not a second place in this race. That is 100% true. It doesn't mean that they can't buy Bitcoin. It just means that if the Czech bank look, this could vault this country into into the spotlight if they actually and this guy's not some random nobody. He is the head of the bank. He wants to do this. It is coming up for, like, a vote. I think it's tomorrow, Thursday. Okay? So before this episode comes out, there's probably going to be breaking news about this. Okay?
And if they choose to and they start buying that Bitcoin, I don't know. Who knows? I'm I'm not even gonna speculate.
[00:41:49] Kenshin:
Yeah. And what Cynthia Looney said, I see it now. If you're not first, you're last. America must take decisive action to establish a strategic Bitcoin reserve and secure its place in the 20 You gotta love us crazy Americans.
[00:42:03] McIntosh:
Yeah. Yep. But in this case, Xi is right. If you are not first, you're last. I mean, that's shit. Look. If if we don't do this, and we may already Russia may already be mining their own Bitcoin. Russia may already be buying their own Bitcoin. They probably are. China may be doing the same thing. We may already be last as a US citizen, as a for speaking for the on behalf of the US, 330 some odd 1000000 people. I'm probably not gonna be your spokesperson, but yeah. Mhmm. Right?
[00:42:36] Kenshin:
Don't worry. The Nordic countries will be lost for sure.
[00:42:40] McIntosh:
No. But you guys are gonna mine all the Bitcoin if you got that cheap energy up north. I'm I'm watching that. I'm telling you. They will ban it first. They'll ban it. You know? Well, alright. We could make this a 2 hour episode. I don't we gotta we gotta keep this going. Software updates. There were a few new things that I came across this week. When you put on the Albie extension, and I did not see that other one at all. Okay. Well, you can talk about those last 2. One real quick, BTC pay server is a very well established, merchant platform. Like, you can accept Bitcoin on websites.
I think they have plug ins so that you can, like, do it in the store, all of this kind of stuff. Zaprite, which is another service for Bitcoin and Fiat, is now offering an integration for that. And what that means is that now, theoretically, well, practically, the BTC pay server can handle both Bitcoin and fiat. So that's very good news there. Arc Labs, which we have talked about Arc a little bit, they have released, an arc wallet SDK. So that's a software development kit, for building Bitcoin wallets, for support with both on chain Bitcoin and off chain, you know, arc based transactions.
So, that will help move that environment forward. It's certainly something that they need. And then last for me, Domus, which is, of course, one of the Nostra clients came out with a new version with UX improvements and bug fixes. And that's, that's an iPhone only one. It's one that I happen to use. So one point one two is that new version. Alright? Right.
[00:44:40] Kenshin:
And then we have the Alpi extension with a new update. It implements a card system now to import Nostler keys. So it's easier to import some existing keys and use the the extension to log in to applications. So which is quite good. And they have some more technical stuff about the NWC, the connections with the wallet, how to manage the pending transaction. So so you can see there is a pending transaction and and, manage it in some way. And then there is the Playbion app. They're launching the Playbion market platform, which is a made, marketplace.
So you can buy and sell stuff, in an app. And it's like a normal marketplace, but it's it's built on top of so no one will be able to take it down. And in the sense, many say, oh, it's like, the Silk Road. Let's say the new Silk Road. But on the Really? No. But in a good way. In a good way. What not not that they are selling drugs now, but in in a way that it's it's a free market. Rumors. Oh, yeah. Looks like,
[00:45:55] McIntosh:
eBay. Sort of. Yeah. Yeah. Very cool. I I love the word. So they spelled out plebian and see because I have English challenges, I had to say satoshi's plebs. I have to shorten it up. But I love how they're using the word plebian, which, of course, is a Latin word, Roman word for commoner. So it's the commoner market, essentially. Mhmm. And, you know, good stuff. Sorry. Yeah. I just had to be on the head out there. Yeah. P l e b e I a n, and you will have a test. Latin 101, and hopefully, you will pass that. Yeah.
[00:46:41] Kenshin:
Alright. It's quite cool. Yep. That's all.
[00:46:46] McIntosh:
That's it. Yes. So
[00:46:48] Kenshin:
this was the episode. You can, find us on, Nostra as we were talking, where we have the contacts in the in the description. And this is a podcast 2.0, what is it called?
[00:47:07] McIntosh:
Podcast? Podcast 2.0 podcast. No. It's okay.
[00:47:12] Kenshin:
Right? Yeah. So our listeners, they can find us in all the podcast 2.0 apps, like Fountain, like Podcast Guru, some other ones. And, yeah, we would love it if you can zap us there and send us some, a comment and a boost. And by doing the the lightning wallet that we discussed, then you have the possibility to to load it up and send us thumbs ups, and then we can tap you when you do a Nostra account. That would be
[00:47:44] McIntosh:
Do, do what Kinshan was saying earlier. Set up a new account, and then what's the hashtag? Introductions. Introduction. So hashtag introductions on your first post, kind of introduce yourself. If you tag, Kenshin and I, which we are both on on Noster, you know, that will certainly I'll make sure you get some, sats. I'm sure Kenshin will as well. And, that'd be awesome. That way you get some sats in your wallet to start off, and you can go on from there.
[00:48:21] Kenshin:
Yeah. Very cool. So we look forward to that. Let us know your feedback.
[00:48:26] McIntosh:
Yeah. And we'll be glad to be here. Hearing from you. Stay humble friends. Go out. Make it a great week. We'll talk to you soon.
[00:48:34] Kenshin:
Have a good one. Bye bye.
What is up, Pleb Nation? Today is January 31st, and this is episode 195 of of satoshi's plebs. I don't even know what I'm saying. I'm so discombobulated. I'm McIntosh. Who are you?
[00:00:15] Kenshin:
I am Kenshin, and today's episode is Get On Nostr.
[00:00:50] McIntosh:
Awesome. Alright. Yeah. No. We'll talk about that just a minute. I am having all kinds of problems, and we have 45 minute windows. So now because of all the issues I was having, so let's get rolling. Bitcoin price, as I wrote it down a few minutes ago or one of us did, it was 102,100 USD. And how many euros we got today?
[00:01:14] Kenshin:
Around 98,200.
[00:01:18] McIntosh:
98,000. And we are already right now at 103419. So who knows? I don't know. It could be at a 110 when we get done recording. It could be at 95. I have no idea. Block height, 881-391. And our difficulty adjustment, which just happened, was minus 2.2%. So we went down again, but now it's looking like we're gonna go up. Although it is early. Right now, we're at a 4.03% estimated adjustment. So that's actually 2 downs in a row, Kenshin. So maybe some of those Russian miners did get turned off. I don't know.
[00:02:01] Kenshin:
Mhmm. Yeah. It's, we have 4, 5, and 6 SatsperVbytes for Okay. For sending a transaction. So it's it's okay. But we had one Satsprovi byte, a few We did. For a lot of blocks. I have been monitoring the mempool a lot in the last few days,
[00:02:18] McIntosh:
and things are it's clearing out as far as I can tell. Like, we're at a 165 megabytes right now, or we were just a few minutes ago, which is the lowest that I've ever seen it when we it well, let me rephrase that. Certainly, in the last couple of years as we as I've been recording, and we're at 60,520 transactions, that are unprocessed. So
[00:02:46] Kenshin:
That's quite good. Yeah.
[00:02:48] McIntosh:
Alright. So what's, what's up with Kension?
[00:02:53] Kenshin:
Yeah. Well, it's been a hard week, I would say. Been a bit sick. My son was sick last week, so then I I got what he got, I guess. And He passed it on. Aren't he? Yeah. It's great. Yeah. It happens every 5 to 6 months. So that's what happens with young, children, I guess. And, but I've been doing a lot in my free time. I've been, trying to code a lot in Python with the help of AI and trying some scripts, to do some bots on Nostra, and that's been very, very fun in the past week. Okay.
[00:03:33] McIntosh:
Yeah. And I also started, hosting my own my own AI models. So run So what model are you actually using? I don't wanna turn this into an AI show, but this is interesting.
[00:03:44] Kenshin:
Well, of course, a big motivation was the new DeepSeq. Mhmm. So I run those,
[00:03:51] McIntosh:
a couple of them to test them. So you're running the deep seek models on your local server or whatever.
[00:03:58] Kenshin:
Yeah. But they they have, of course, different levels of that model. Right? They do. Mhmm. I I run one of the small ones. So they are not super good. Especially, the smallest one is unusable, I would say. I think it's 7,000,000,000 tokens or something. I don't know. That's the second smallest. The smaller yeah. They have a 1.5. Oh, wow. And that is unusable, actually. Right. I ask it how how my how many Bitcoin there will ever be, and it said 50,000,000.
[00:04:33] McIntosh:
That was funny. Yeah. I've been playing around with DeepSeek deep seek a little bit myself. Now I'm not self hosting at this point. Although, to be honest, I'm thinking about it. I don't really have the hardware right now, but I could see investing some money. I have been using AI for a couple years. I use it at work. I use chat g p t. So I'm, you know, I'm familiar with it. And, at work, what automation code that we write outside of, our main language is Python. And so I'm always doing Python things, so I'm familiar with kind of how chat gpt deals with that. So, actually, over the last few days and I'm not trying to copy catch you, but you did give me the idea, I guess. But I did, although I didn't know you did it in Python.
Alright. So I'm writing a bot myself, a news bot for Nostr in Python. I'm like, oh, I can play with this. And, you know, it's and I spent, like, 2 nights with chat g p t trying to get things going, and I never could. And then I've been hearing about DeepSeq. And so I flipped around to the deep seek site, and I'm telling you within 2 hours, I had it running. Oh. Now your results may vary. That's just what I experienced in that one case. What I do think is that their model is not perfectly trained just like any of them. It will evolve. It will get better. It does look like they are able to dramatically reduce the processing power that's needed to host these large language models. Yeah. And I find that from a hobbyist standpoint, if you wanna call it that, I find that very intriguing because I don't wanna go out and buy a bunch of really expensive GPUs, you know, to host of, an LLM.
So but as I think I mentioned on Noster, what one of the things I would love to do is host an LLM and then feed all of our transcripts into it, which now we have almost 200. And then we would basically have a way to instantly interact with a, with the agent or whatever you wanna call it and say, hey. I need to know when we talk to this person or what we said about this, you know, and have it figure it out. I don't know. I don't know if that's possible, but I would love to do it.
[00:07:12] Kenshin:
Yeah. I I heard, I can say that really fast. Some some guy at work in another office in another country, they said he had documents for the past 25 years in on his hard drive. And he put all those PDFs and Word files in in his local, GPT, whatever it was. And he would ask questions within those documents that no one knows the answer to except those old documents. And it doesn't exist, this knowledge base online either. So Right. Yeah. Right. It's very useful. And that's you know,
[00:07:44] McIntosh:
the reality is if I stay in my career path, I'm going to be forced to understand and kind of dive into these LLM models and things like that. It's just the way technology works. I mean, let's not even get off of that. I was going to tell a joke about old Hays modems, but we won't. Anyways, you know, it's just what it is. And I do find it interesting. I do not think that these models are gonna, like, run the world or become all knowing or or whatever. But I think they're very useful, especially for things like what you're talking about, where you can kind of index your life, and then it's it's just available at the tip of your fingers.
So this is gonna be a little bit of a shorter episode, and I do apologize. But right before we started recording, Kenshin was hearing something in my, my voice in the way that that, you know, it was coming across to him over in Sweden. And I made a mistake and restarted my laptop because, well, there was nothing left to do. I'd already closed up Chrome and restarted it. And when I did it, Chrome just completely quit working. It, like, it will not connect to the Internet. Everything else on my laptop works. The little widgets, mail, Safari, which is like the same thing.
It's a web browser. All of this stuff all works perfectly well. Chrome just sits there and says, no. I'm really not gonna actually do that today. And and so I fiddled with it. I reset the cache and did all kinds of little stuff. Nothing. I don't know what's wrong with it. I really don't. As far as I can tell, probably when I rebooted the laptop, it installed an update. And when it did that, it died. So I don't know. But I ended up pulling out my work laptop, which is not ideal. But, oh, by the way, we're at 104 now. Maybe we are gonna go hit that 110. We'll see.
But yeah. So here we are. We are gonna have to make this a shorter episode because I have a hard deadline here in about 20 about 35 minutes. And Kenshin, it's late for him. So we don't wanna we wanna honor that and not be on too long. But we're gonna have to get this sorted out because, man, that was that is not the way I wanted to start this off. But, yeah. Alright. Let's jump right on into things, Kenshin.
[00:10:30] Kenshin:
Yep. So should we jump to the topic of the day really first?
[00:10:34] McIntosh:
I think so. Oh, you got all kinds of nice stuff here. We're gonna have to put this in the show notes maybe. I don't know how we could do that. No. We should put it on the website. Sorry. Yeah. A little technical background talk there.
[00:10:50] Kenshin:
So the topic of the day is about getting yourself a Nostra account and a Lightning wallet. And, Macintosh, that that could be useful for you. Now you're making news spots. Your news spots need
[00:11:04] McIntosh:
a lightning wallet for that new spot. Yes. I am aware of that. So this is very useful. Mhmm.
[00:11:11] Kenshin:
And now I will go a bit a bit an upside down way. So now I found a way that you register a wallet first. You get a account at the same time, and then you go and log in and configure your profile. Okay. So it's a bit upside down, the process. So maybe it will not work for you, but it will actually because you can still log into that platform with Gnoster. But the processes, I chose coinos.
[00:11:46] McIntosh:
Coinos. Okay. It's not coin OS because that's what I always wanna say.
[00:11:53] Kenshin:
No. Right. Okay. It's spelled like that, like coinos.i0. Okay. So if you go there, and I chose this for for a couple of reasons actually. It's it's a non custodial wallet, so you don't have to do anything weird with lightning. You don't need to open channels, manage anything. It's very beginner friendly. So you just log in, make an account, and you have a lightning wallet, and it works.
[00:12:23] McIntosh:
I think it's So where where is the account actually hosted though?
[00:12:28] Kenshin:
I don't know.
[00:12:29] McIntosh:
I don't know.
[00:12:32] Kenshin:
But I think it's it's not completely non I don't know the technical details. I know that it's somewhere in between a completely non custodial and a custodial because you hold, those keys that you get this master pairing keys.
[00:12:49] McIntosh:
So you have keys to the wallet, but that wallet is has to be being hosted by CoinOS. It's It is hosted by them, and they manage all the liquidity. Whole lot of info here. But I do well, for one thing, they, this name has started coming up in the just in the last couple of months a lot. Like, coin o coin o's or I'm sorry. Whatever. I apologize. But coin o's, is that right? I just I really wanna say coin o's. I don't know. But, yeah, coin o's, it's just been part of the Noster talk for the last couple months because they've come up with really it looks like a really straightforward solution.
[00:13:39] Kenshin:
Yeah. Exactly.
[00:13:41] McIntosh:
Sorry. So I interrupted.
[00:13:43] Kenshin:
It's okay. But it's very simple. You just go there, you click to register an account, and you just choose a username of of your liking or you they have a nice random button so they can you can get the random username as well. You can roll the dice. Yeah. You roll the dice. You can even choose, a log or a profile image, but it's not necessary. Okay. And And then, of course, you choose a good password because you log into that platform then with your password to access your lightning, balance.
[00:14:20] McIntosh:
So your Nostra keys, which is what you're generating, is actually acting as both your Nostra keys and your Lightning wallet keys. No. Alright?
[00:14:33] Kenshin:
There there you just put a password. Just the password to log in on coin OS. We will see where the nosy key comes now. Okay. So once you do a username and a password, you you're done, basically. You are on the dashboards, and you instantly have a a lightning address. And you can, receive, lightning payments directly. And it's in the form of the username that you chose at coinos.io. So it's very simple, very easy to remember for you. And the good thing is that once you have that done, at the same time, you have a, public ID and private key done. So so and to find them, you can go to the to the top right. There is a menu icon, and and there you find the settings.
And inside those settings, in the middle tab, it says settings again. So it's set menu, setting settings, and you find the Nostra Integration button. And in the Nostra Integration button, then it opens up the the keys. So you see the public key, and in the bottom, you see the private key. It says something like reveal, private key. And it shows you this nsec and then a bunch of random characters. So that's the security key. That's the key that you can use to log in to any Nostr app.
[00:16:08] McIntosh:
So I I went I I just registered Macintosh. Sorry. I just registered Macintosh at coin no. Coinaust.io. So now you can send your, sats to Macintosh at Yeah. Yeah.
[00:16:24] Kenshin:
Awesome. You can connect this. You can connect this. Yeah. Exactly.
[00:16:29] McIntosh:
And you can connect this to a new system. Actually, it it it's a lightning wallet though. Like, I I Yeah. Bet I could use this elsewhere.
[00:16:39] Kenshin:
Right? Yeah. Yeah. Absolutely. Everywhere. Yeah. So, so that's the process now that, and the next step is to go to a app. So you see how easy it is. And, I suggest on, on iOS, I suggest demos as everybody does and on Android, Amethyst. But for simplicity's sake, for new users that never used Nostrum before, I would suggest Primal. Okay. So Primal has, iOS, Android, and a web version. Right. So it's a very simple app, very easy to use. And I think that's the best to start with and get your feet wet, let's say, with Nostra. And once you you go on Primal, you download it, of course, it's an app.
And you the way to to log in, of course, is with with your Nostr NSEC that we found on CoinOS. So with that Nsec, you just paste it in the, in the app when you want to log in and it just opens up the Prime model interface with your new profile. And it's it's very empty. It's nothing much there yet. It's like making a new Twitter account, of course. So you follow no one and no one's following you. But they they have, the good thing with Prime is that they have, like, a trendy or the the the popular post of the day. So actually you you can see the most popular stuff of of the last 24 hours. And then you it's it's easy a bit to to start following some people.
Still, you need to set up then your profile because even though you you logged in to Primo, and you have a profile, you can go to your profile, settings and edit it up and connect your wallet now. So once you go to it's on the side menu on the left. Mhmm. There is a profile, yeah, your profile. And in your profile, it has something a button called edit profile. And in the edit profile, then you can, add the avatar, and, whatever it's called, the the big picture on top. You can add the username. Mhmm. So you can put any username name you want, like a display name, let's say, website about you.
So you can add a few things. And in the bottom is important 2 fields. It's the fields about one is called, lightning, where is it? Bitcoin lightning address. And the second field is called verified nostr address, nip 05. So those two fields, you fill up with your new lightning address, [email protected]. So both of those fields, you put the same. Both of them. Yeah. Both of them. So essentially, that's at that point, once you do that and you save, anybody can zap you. And that's done at that point. And you look like you're a verified user in on Nostr because this this username connects you to your nsec and your npub through coin OS.
So it's all connecting back to each other.
[00:20:12] McIntosh:
Yeah. I see that. So I do have one question. You you're saying that the verified nostril address so Yeah. This is one thing I'm I'm not super familiar with, so please apologize. I'm gonna apologize in advance for my ignorance. Bitcoin lightning address, I understand that. That points right back to coinaustotio. But you're saying that we should put that same address essentially in the verified what can you explain what that means?
[00:20:45] Kenshin:
Yeah. It means that it's this because it comes from CoinOS, that address. And in CoinOS, your account with that username, that email, essentially, is connected to your Noster, NPUB, and Nsec. So you do the opposite. So in the app, you you put that, lightning address. So you connect the nostril profile with that, wallet. So so they're both together connected in both, let's say, systems. One side is the nostril and one the other side is the coin OS. I don't know technically how they verified, but I it's but this leads to you because it's it's through Lightning, of course. Because that that's a Lightning address. It connects to you. You get the money in coinOS. And at the same time, coin OS knows your nostril profile.
[00:21:45] McIntosh:
Well So while you talk through all that, I did that. You can see it here, maybe, in And you're verified. In in demos. So now I'm set up again, Macintosh. I don't wanna show that, but, you know, it works. No.
[00:22:03] Kenshin:
So it works now to receive. Right. To receive subs. And that's at that point, people can stop, but it's not very difficult to connect now to sent zaps also. Okay. Let's do that. Yeah. So if you go to Primal Mhmm. And instead of profile on the left side, you go to settings. So Primal has settings, and then in the settings has wallet settings. Great. And in the wallet settings, they have preactivated their own wallet, but we can disable that. So you disable that, and then it gives you the option to add a custom lightning wallet.
Once you go to the wallet settings, you see that the the Primal Wallet is activated. And we want to deactivate it because we use coin OS as a wallet, not Primos Wallet. Mhmm. And once you do that, once you deactivate it, you get the option to to press, like, a custom custom, wallet settings. And when you choose the custom settings, then you have the option to either paste a link or take, a QR code Okay. And a scan. Right. So depending if if you if you have coin OS dot io on the laptop, you can use the QR code with the phone. Right. Otherwise, if you're on the same device, then then use the the code to paste. Copy and paste. Right. Yeah. And to and what code you need is from coin OS, then you go back.
And I I keep saying coin OS now because you you said it.
[00:23:52] McIntosh:
It's my fault. Man, see, now I'm spreading bad English all around the world. It's not just me. Yeah. So Sorry. Yeah. It's okay. But if you go so sorry.
[00:24:08] Kenshin:
But if you go back to coin OS now, Mhmm. In in the main dashboards, if you click on your profile picture, then you go back to the main dashboard. And you have, like, your balance. And next to the balance, there is, like, a a clock icon and a settings icon. Right. If you press that settings icon, then you get, account settings.
[00:24:34] McIntosh:
What if you click on that? Connection. Yeah. Yep. Reveal connection string. Where each you're looking
[00:24:39] Kenshin:
for. Yeah. So that you copy that and you paste it in that custom wallet field, and then you're completely done. Then you can receive, send through Primo and everything. So in essence, it's like 10 steps. And if you see the them from the website, it's much faster than listening to me saying the math. Very cool. And what you should do for people who do for the first time is write their first post. Describe a bit who they are without revealing too much, of course, but say hi. Right. A few details and end that post is very important. End it with a hashtag introductions.
Because that hashtag introductions, a lot of people like me and a lot of, Nostril people, they follow that hashtag. And they try to onboard new users and be kind to them and they zap them, especially if they have a wallet set up, then you will get your first zaps quite fast.
[00:25:43] McIntosh:
You know, I honestly don't think I ever did that. Yeah. I kid you not. It's alright. No. It's quite good. But, I don't think I ever did. Alright. Very cool, Kenshin. Is there anything else that we need to know before we move on? No.
[00:26:00] Kenshin:
You can know that if you receive any zaps and you cannot send them, you can go to coin OS. And from coin OS website and dashboard, from there, you can send to any other wallet you want. So there is is the fully functioning lightning page. So if if you're stuck on primal and cannot enter your custom
[00:26:23] McIntosh:
Is there any chance that you could, like, send a a zap to somebody from here? Like, could I put in a in pub address and have it work? Have you tried that?
[00:26:36] Kenshin:
You can send subs. Yeah. Of course. Oh. It's a lightning, it's a lightning. Okay. So you can I don't know if you can sub a specific, post like this? You can sub, if you go to profile, to profile of someone, and in their profile, they will have the lightning address. Then you can copy that lightning address. You grab it that way. Yeah.
[00:27:02] McIntosh:
A little more direct, I guess. But once you get that integration set up for your Nostra client, then you can just do it right in there, and that's super handy. Yeah. And that way, you can scroll and tap and boost 21 sats. Right?
[00:27:21] Kenshin:
Yes. That's my usual. 50. Not 50. No.
[00:27:25] McIntosh:
21. Not 50,000,000. Alright. Very cool. Thank you very much, Kenshin. I know that you've frankly been a little more on the Nostra bandwagon than I have been, and I appreciate that. I'm I'm trying. I'm getting there, and I do like it. I I still wonder honestly, and maybe I shouldn't even speak this negativity, but I'm not I'm not for sure the average person is just willing to to make a change. It's not that they don't think that it if they tried it, they would like it. But most people are sheep. Let's be honest. Right? And the sheep follow around in the in the herd.
Right now, the herd's on Twitter. Yeah. The herd's on Facebook. The herd's on Instagram. What was the Nostra app that was the Oster. Right? O s t r something like that? That app could compete very easily with Instagram, and it lets you directly interact. Like, if I posted a nice picture, you could zap that if you so chose. Right? And support me directly that way. You can't do that with Instagram, not to mention the whole deplatforming. And, I mean, there's just, you know, there's so many other things. I'm gonna do what I can to support it. I just I I'm just being honest. I just don't know sometimes how the future what the future is gonna hold for it. Right? But we'll continue to build the things, and maybe maybe people will come along.
Maybe. So very cool. Yeah. But this was great. I appreciate this. This was very helpful.
[00:29:15] Kenshin:
That's why we talk about it. So hopefully, more people come. And, yeah, you can double in both Twitter and the Nostra for a while. It's okay. But there is value to both at this point.
[00:29:27] McIntosh:
There is value to well, there's value to Nostra. I don't know about Twitter sometimes. Alright. Very good.
[00:29:37] Kenshin:
Just let us they they can let us know. The audience can let us know if if they manage to make a Nostra account with those Okay.
[00:29:47] McIntosh:
Instructions. Yeah. Why don't you That would be nice. Why don't you boost in, if you use these instructions and and well, of course, I'll be here on the podcast. We'll write them up as well, and I will put that link into the show notes. So if you do better written with this kind of thing, then you can just click through the show notes. Alright. Very cool. Alright. Let's talk about our supporters. Kenshin, we did have some support this week. We had a couple of boost, our friend HBH Gardens, and I'm gonna have to I'm gonna have to do a little editing on the fly here, and I apologize. I just it just bear with me. Okay?
I'd rather have a casino coin versus a no corner president. A casino coin is one step closer to a Bitcoiner. That being said, future casino coin deleveraging event will likely yield rivers of blood. I do have grave concern about that part of this. I don't think things are gonna end well, if these alternate coins are allowed to proliferate. And to be clear and maybe I haven't been sorry. I I wanna interrupt for just a second. I had a lot of issues with Gary Gensler. Alright? But my issues with him were centered around the fact that he was trying to kind of legislate by lawsuit. Like, they would not tell companies what they were supposed to do. They would just go sue them.
That's not good governance. From the way that I look at this, from what I can tell, other than Bitcoin, every other coin falls under the jurisdiction of the SEC. Bitcoin is a commodity because for all the reasons that we've laid out, there's no there's no governance. There's no board of directors. There's no company. There's no foundation behind it. Unlike every one of these, including one that was in the news a lot this week, XRP, Ripple. Right? There's it's those companies, frankly, should be regulated because they are doing things to harm the public. I'm not a libertarian in that sense because everybody knows that these things are not gonna end up well, and yet they're allowed to continue.
And even our own president is out there creating meme coins. I I don't know. It's just it's bizarre to me. But, anyways, I do think that we will Yeah. Yes. We will have massive deleveraging, and that's actually one of the reasons why I think I mentioned on on Twitter or Noster. I'm fairly convinced at this point. Yes. We will have a 4 year cycle just like we've been having 4 year cycles because this stuff will get over leveraged and it will get washed out and we'll go down however much we go and that remains to be seen. But I don't think we're gonna have a kind of a gentle top and then maybe it consolidates for a while and then keeps on going.
I think we're gonna have a blow off top just like we did in, say, 2017, and I think we're gonna have a 30, 40, 50, maybe more percent drop. And let me tell you, if we're at 300,000 and it drops a 150,000, a lot of people are gonna get freaked out. That's okay. Oh, jeez. We can buy their Bitcoin at cheaper prices, and that's just the way of it. And then secondly, we also oh, sorry. That was 500 sats. Thank you, HBH Gardens. I appreciate that. I appreciate that insight. Send It Mike, our friend Send It Mike boosted in a 1,069 sats, and he said, I'd rather have a no coiner. So this is a little different.
They're actually I guess they're the exact opposite. And both actually, I thought had some really good points. I'd rather have a no coiner who believes in sound money and wants the best for our country over an altcoin president who sees his supporters as a revenue stream and not people he should try and help long term. A president happy to rug pull his supporters won't hesitate to 6102, which maybe we should talk about that actual ruling at some point. It was a law that was passed back in the thirties to take people's gold.
It won't hesitate to 6102 us to keep his power. I think he'd stop. He'd be stopped. I think he'd stop. Sorry. I think he'd be stopped from doing it, but he'd be okay with it. Yeah. Honestly, after talking to you off and on here for the last few weeks, this doesn't surprise me, and it's certainly a possibility. Unfortunately, no one, as far as I can tell, that's in politics or at least very very few actually believe in sound money. I don't think Trump really does, or at least I don't think he understands that what that even means. If he ends up moving this country to essentially a Bitcoin standard, it will almost be by accident.
Yeah. If that makes sense that we land on sound money. This country is still run by Keynesian economists, just like every other country in the world, almost without exception. Maybe not Argentina and and maybe not El Salvador. Maybe That still remains to be seen. But I don't think that's changed here in the United States just because Bitcoin is on everybody's tongue. We know the basis for that. We talk about that. But ladies and gentlemen, these economists who are on the news all the time, these people who are talking, they're Keynesian to the core.
And that is just that's what they do. That's what they breathe. They breathe printing money and so on and so forth and 2% inflation and and all of this baloney. By the way, Great show topic. We do need to talk about deflation. Not today anyways. So time will tell on all of this. I both of those great points, great viewpoints, and I appreciate that. So we did in total get, between those 2 and some streaming. We got 1673 sets. So thank you very much. Very, very much. Alright. News and notes. We had a couple of things. Alright. So we've got so we've got 3 news items today. First of all, I wanted to mention that the SEC has officially withdrawn this accounting guidance, SAB 121.
And what that will allow is in layman's terms for banks to hold Bitcoin, which will be very interesting. I think there's a lot of very large banks who are chomping at the bit to do that. I'm gonna leave it at that, but that is probably a good thing for the future. I hope they do it properly. I hope they do not rehypothecate their Bitcoin. That will not end well, and that may be part of the blow off top that we were just talking about if they do. And then the second item, kind of a short little item. There's a bull bitcoin, which is up in, I think they started in Canada. I think he's expanded or he's moved down to Costa Rica, but now they're expanding to Europe. So bull Bitcoin is a self custodial exchange. So you they don't hold your funds. It's not like Coinbase.
They're, they're trying to move that, you know, when you buy your Bitcoin, it it goes straight to you, if that makes sense. Yeah. I have a little experience with them, actually. They had a service. I think it's actually been shut down through the Canadian postal, post office. And a couple years ago when we went up to, to that area, we were in Vancouver, and I actually tried to do it. And the whole claim was it was non custodial, non KYC. You could walk in there and buy Bitcoin at the post office essentially. Turns out not true.
Just to have the app, you have to provide your telephone number. And I consider that KYC. I mean, I funny story. Why do you say that? Well, because people keep the same numbers in many cases forever. I came across I'm not gonna get off on that. Sorry. I'll just cut that out. No. It's too long. It's a great story, but it's too long. We gotta move on. Okay. Alright. So, Yeah. So I didn't get to do that because I didn't have a Canadian phone number. So interesting. And and I would consider that KYC. Clearly, I think his name is Francis, did not, the CEO there of Bull Bitcoin. That's okay. We can disagree.
I just thought it was KYC, a light form. Alright. And then what's our third one?
[00:39:46] Kenshin:
Yeah. The third one is, the Czech Republic. The head of the National Bank in Czech wants to buy 1,000,000,000
[00:39:56] McIntosh:
worth of euros. And And he used that word, 1,000,000,000. I mean Yeah. Translated from whatever it was that he check, I guess. Yeah. But yeah. 1,000,000,000, not 1,000, 1,000, 1,000,000 of euros. So that is interesting.
[00:40:13] Kenshin:
Yeah. And he wants to make a reserve asset out of Bitcoin. The most interesting part is, I don't know if you saw it. It was very recent now, a few hours ago. Cynthia Loomis. She quoted that news, and she said the what did she say? The the the second, is the first loser or something like that. Right. So it's like you need to be first.
[00:40:42] McIntosh:
It's true. No. She's right. So whatever country, whatever central bank starts buying Bitcoin wins. Everybody else, they don't. There's not a second place in this race. That is 100% true. It doesn't mean that they can't buy Bitcoin. It just means that if the Czech bank look, this could vault this country into into the spotlight if they actually and this guy's not some random nobody. He is the head of the bank. He wants to do this. It is coming up for, like, a vote. I think it's tomorrow, Thursday. Okay? So before this episode comes out, there's probably going to be breaking news about this. Okay?
And if they choose to and they start buying that Bitcoin, I don't know. Who knows? I'm I'm not even gonna speculate.
[00:41:49] Kenshin:
Yeah. And what Cynthia Looney said, I see it now. If you're not first, you're last. America must take decisive action to establish a strategic Bitcoin reserve and secure its place in the 20 You gotta love us crazy Americans.
[00:42:03] McIntosh:
Yeah. Yep. But in this case, Xi is right. If you are not first, you're last. I mean, that's shit. Look. If if we don't do this, and we may already Russia may already be mining their own Bitcoin. Russia may already be buying their own Bitcoin. They probably are. China may be doing the same thing. We may already be last as a US citizen, as a for speaking for the on behalf of the US, 330 some odd 1000000 people. I'm probably not gonna be your spokesperson, but yeah. Mhmm. Right?
[00:42:36] Kenshin:
Don't worry. The Nordic countries will be lost for sure.
[00:42:40] McIntosh:
No. But you guys are gonna mine all the Bitcoin if you got that cheap energy up north. I'm I'm watching that. I'm telling you. They will ban it first. They'll ban it. You know? Well, alright. We could make this a 2 hour episode. I don't we gotta we gotta keep this going. Software updates. There were a few new things that I came across this week. When you put on the Albie extension, and I did not see that other one at all. Okay. Well, you can talk about those last 2. One real quick, BTC pay server is a very well established, merchant platform. Like, you can accept Bitcoin on websites.
I think they have plug ins so that you can, like, do it in the store, all of this kind of stuff. Zaprite, which is another service for Bitcoin and Fiat, is now offering an integration for that. And what that means is that now, theoretically, well, practically, the BTC pay server can handle both Bitcoin and fiat. So that's very good news there. Arc Labs, which we have talked about Arc a little bit, they have released, an arc wallet SDK. So that's a software development kit, for building Bitcoin wallets, for support with both on chain Bitcoin and off chain, you know, arc based transactions.
So, that will help move that environment forward. It's certainly something that they need. And then last for me, Domus, which is, of course, one of the Nostra clients came out with a new version with UX improvements and bug fixes. And that's, that's an iPhone only one. It's one that I happen to use. So one point one two is that new version. Alright? Right.
[00:44:40] Kenshin:
And then we have the Alpi extension with a new update. It implements a card system now to import Nostler keys. So it's easier to import some existing keys and use the the extension to log in to applications. So which is quite good. And they have some more technical stuff about the NWC, the connections with the wallet, how to manage the pending transaction. So so you can see there is a pending transaction and and, manage it in some way. And then there is the Playbion app. They're launching the Playbion market platform, which is a made, marketplace.
So you can buy and sell stuff, in an app. And it's like a normal marketplace, but it's it's built on top of so no one will be able to take it down. And in the sense, many say, oh, it's like, the Silk Road. Let's say the new Silk Road. But on the Really? No. But in a good way. In a good way. What not not that they are selling drugs now, but in in a way that it's it's a free market. Rumors. Oh, yeah. Looks like,
[00:45:55] McIntosh:
eBay. Sort of. Yeah. Yeah. Very cool. I I love the word. So they spelled out plebian and see because I have English challenges, I had to say satoshi's plebs. I have to shorten it up. But I love how they're using the word plebian, which, of course, is a Latin word, Roman word for commoner. So it's the commoner market, essentially. Mhmm. And, you know, good stuff. Sorry. Yeah. I just had to be on the head out there. Yeah. P l e b e I a n, and you will have a test. Latin 101, and hopefully, you will pass that. Yeah.
[00:46:41] Kenshin:
Alright. It's quite cool. Yep. That's all.
[00:46:46] McIntosh:
That's it. Yes. So
[00:46:48] Kenshin:
this was the episode. You can, find us on, Nostra as we were talking, where we have the contacts in the in the description. And this is a podcast 2.0, what is it called?
[00:47:07] McIntosh:
Podcast? Podcast 2.0 podcast. No. It's okay.
[00:47:12] Kenshin:
Right? Yeah. So our listeners, they can find us in all the podcast 2.0 apps, like Fountain, like Podcast Guru, some other ones. And, yeah, we would love it if you can zap us there and send us some, a comment and a boost. And by doing the the lightning wallet that we discussed, then you have the possibility to to load it up and send us thumbs ups, and then we can tap you when you do a Nostra account. That would be
[00:47:44] McIntosh:
Do, do what Kinshan was saying earlier. Set up a new account, and then what's the hashtag? Introductions. Introduction. So hashtag introductions on your first post, kind of introduce yourself. If you tag, Kenshin and I, which we are both on on Noster, you know, that will certainly I'll make sure you get some, sats. I'm sure Kenshin will as well. And, that'd be awesome. That way you get some sats in your wallet to start off, and you can go on from there.
[00:48:21] Kenshin:
Yeah. Very cool. So we look forward to that. Let us know your feedback.
[00:48:26] McIntosh:
Yeah. And we'll be glad to be here. Hearing from you. Stay humble friends. Go out. Make it a great week. We'll talk to you soon.
[00:48:34] Kenshin:
Have a good one. Bye bye.
