Max and Q cover the latest happenings in the world of Bitcoin, privacy and much more.
AOB
AOB
- Q AOB
- Max AOB
- Samourai sentencing
- Lava Controversy
- Rob Hamilton BIP444 futures contract
- Predyx BIP444 prediction market
- BitKey already rolling out private collaborative custody solution
- Steak n' Shake SBR
- Bitcoin for Notesnook
- Cashu vulnerability
- Frigate v1.2.0
- Miniscript studio
- Phoenix v2.7.0
- Fountain for Podcasters
- Sparrow v2.3.1
- Bitcoin Core Kernel API
- UmbrelOS v1.5
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(00:00:41) THANK YOU FOUNDATION
(00:01:38) THANK YOU CAKE WALLET
(00:02:45) Brownie Points
(00:06:18) The Lumber LARP
(00:11:07) FREEDOM TECH FRIDAY
(00:26:03) Rob Hamilton BIP444 Futures Contract
(00:28:05) Predyx BIP444 Prediction Market
(00:37:14) Bitcoin for Notesnook
(00:38:37) Cashu Foiled By Floppy
(00:41:44) BOOSTS
(00:48:19) Frigate 1.2: Cryptographic Computations
(00:53:01) Fountain for Podcasters
(00:55:03) New Sparrow Release
(00:55:41) Bitcoin Core Kernel API
(00:58:55) Thanks for the Guides Vibrant!
(00:59:47) QUESTIONS
[00:00:04]
Unknown:
Bitcoin is close to becoming worthless.
[00:00:11] Unknown:
Bitcoin. Now what's the Bitcoin? Bitcoin's like rat poison. Yeah. Oh. The greatest scam in history. Let's get it.
[00:00:27] Unknown:
Bitcoin will go to fucking zero.
[00:00:42] Unknown:
Welcome back to The Bitcoin Brief, the show where me and q and a catch up every two weeks to talk about Bitcoin, privacy, open source, keeping your Bitcoin secure, and the news and software updates that matter. I just wanted to say a massive thank you to everyone who's been supporting Ungovernable Misfits and a big thank you to Foundation Devices for supporting the show. If you haven't already checked them out, go to foundation.x,xyz. They make cypherpunk tools for fuckwits, and anyone can use this, even me. If you have any questions or you want to reach out, feel free, and I'll be happy to go through things with you. For anything super technical, I'll pass you on to q. If you wanna buy one of these incredible passports, use the code ungovernable.
It will get you a discount, and it will let them know that I'm shilling. I'd also like to say a huge thank you to the k Wallet team. Not only are they supporting this show, but they're also bringing out some incredible features. For those of you who actually use Bitcoin and actually care about their privacy and security, Cake Wallet make it incredibly simple for you to live outside of the traditional financial system. You can use Cake Pay within the app to buy gift cards for food, petrol, and whatever else you might need day to day. You can use silent payments, and, of course, you can use Monero.
You can connect both Bitcoin and Monero nodes, use coin control, and this team are constantly innovating. And I'm really excited to be working with them. If you have any questions, you can reach out to me, but check them out at cakewallet.com. Download the APK or start using this today on Mac, Windows, Linux, iPhone, or of course your Android device. Enjoy the show.
[00:02:45] Unknown:
How's it going, mate? I think I did Spanish, and you did Italian there. Yeah. I forgot we were doing this, and I didn't come prepared. Oui oui. That was all I had off the cuff.
[00:02:55] Unknown:
Damn. Monge too.
[00:02:58] Unknown:
Rodney. That's one for the Brits. How are you, mate? I'm well. I'm well. A wholesome weekend. Went to watch the fireworks with the family on Saturday night. Had a couple of a couple of beverages. Nice. Did some minor DIY shit, just building side tables that the wife had bought. Okay. Nothing too exciting. Just earning some brownie points as you know. But, yeah. When you say building side tables, am I to assume this is IKEA? It's like flat pack. Yeah. It wasn't IKEA, but it was definitely flat pack. I'm not the guy if you need a a table honing out of an oak tree. That's not me. That's not my bag. I can help you run a node, but I can't build you a table from scratch. I was gonna say, you're the wizard with anything techie,
[00:03:40] Unknown:
and I would call you for that. But, actually, the tables turn with that kind of stuff. You might call me for the more practical stuff if we were more local. Yes. Bit of tiling. Yeah. Absolutely. Putting up shelves, all that. We've got a similar sort of balance within the family as well. Like, I'm like a unofficial tech support for basically everybody. Everyone.
[00:03:59] Unknown:
My brother-in-law, he's like the polar opposite. He's, like, got his own Groundworks company, and he he'll turn his hand to anything he's got. If you need a tool, like, he's got it. Like, he's. Yeah. So we kinda bounce off each other. Like, he's unofficial manual labor for the whole family. Do anything or fix anything, and then I'm unofficial tech support. I love it. Whenever you're
[00:04:17] Unknown:
in a family and friendship group and they learn something like that, you suddenly get hounded. Like, I always used to have it for having fans. It was like, hey. You've got a van, haven't you? And then I'd be like, yeah. What do you need moving? He'd be like, well, we're moving a house. And he was like, fuck's sake.
[00:04:37] Unknown:
It's just one of those, isn't it? Can can you just
[00:04:40] Unknown:
Yeah. Can you just we've got to pick something up from Northampton. You know? Oh, yeah. Okay.
[00:04:46] Unknown:
Yeah. Let me write off my weekend just for you just because I own a van. Yeah. I feel your pain.
[00:04:52] Unknown:
Yeah. What else is going on outside of our, personal shit ban? Have we got any Bitcoin stuff to cover?
[00:05:01] Unknown:
Pretty packed list this time around. Looking forward to diving in. Couple of bits of AOB for me would be since we last recorded, Zach shared Prime update, including a walk through of the entire onboarding process. Pretty, insightful video actually for those of you who are waiting on Prime. So link will be, of course, be in the show notes where you can see all the details. And also next weekend, I will be heading over to Bitfest in Manchester. Can't believe how quickly that's come around, but, yeah, that is next weekend. So looking forward to that one, actually. There's more people that I know are going than I first anticipated. So, yeah, it should be a good one. It's a pity you're no longer in the People's Republic Of
[00:05:40] Unknown:
Keir Starmer. It would have been good for us to meet up. Is it, though? Yeah. It would be, mate. It would be. Make sure if you are going to use
[00:05:47] Unknown:
code q and a 10 because Q's gotta pay his bills. He earns quite a lot of money out of every referral that he gets there. That's what he does it for. Oh, well, I'm glad you reminded the folks of that because I've got it listed in my notes about Bitfest, and, obviously, I just mentioned it, but I completely failed to mention the the shield code that Nathan gave me. So you just saved me a DM there, actually. But, yeah, just to be perfectly clear, Max is lying. I don't earn anything, out of that code. So use it or don't use it. But if you want a discount, go for it. Yeah. But, But, say, yeah, looking forward to that one. Yeah. That's about it for AOB for me, mate. What what about you in in your work slash personal life? Anything anything exciting going on? You broken anything lately? No. I nearly broke my leg the other day, though. I nearly fell out of a tree.
[00:06:29] Unknown:
And a gun will be very, very pleased with me. Tell a story. Why were you up a tree? Obviously moved. I've been using a chainsaw for therapy. I've been a bit stressed lately. And so Okay. I was like, there's a load of stuff that needs clearing where I am, and I wanted a better view. So I bought a chainsaw. I've never fucking used one before, but I just thought, I'll be alright. And I've just been getting more and more comfortable with it and started jumping and climbing up trees to saw some limbs off and bits and pieces, the tree limbs, not my own. And done, like, four or five days of it. I've got massive piles of timber everywhere. And we have these ants fucking everywhere as I'm climbing, and there's you've got a certain amount of time between starting to climb and being completely covered with these cunts, and they bite.
So I was up there, and I just really there was, like, a bit of dead wood up there where they were all obviously, like, in. And as soon as I knocked against it and was trying to take something out, they just fucking swarmed and covered me. And in my sort of, like, trying to just get the cunts off me, nearly fell off the fell out the tree. Just managed to luckily, I'm incredibly strong and, amazing reflexes. So I managed to, like a monkey, just grab onto one of the, branches and just hold myself and then pull myself back up. But, yeah, bit scary, it was. Because, presumably, you'll have all of the necessary safety gear on. Right? Of course. Face mask, scaffolding. Yeah. Yes. Yes, Ben. If you're listening, I did all the safety protocols. I did my risk assessment. He loves a risk assessment.
No. In truth, I was actually up there in my boxes with no ropes, nothing, just going for it. So I'm I'm sorry, Ben.
[00:08:14] Unknown:
Controversial question. Electric or petrol chainsaw?
[00:08:17] Unknown:
I actually do everything electric because I like to have one platform. I like to have everything to wall, and then I just have Okay. I either have the flexi volt 60 volt batteries that work in the twenties and the sixties for all the more powerful stuff. And And then I have the 20 volt ones for all, like, the smaller frills and multi tools and stuff like that. And then I just know anywhere I go, anything I do, I just bring my box of batteries, and it does everything. And I don't have to fuck around and mess around with, like, mixing petrol and doing all the stuff and servicing things. And it's just Not quite as manly, though, is it? It's definitely not as manly, but it's quiet, so you can do it any any time of day.
I find it to be pretty reliable. And then you also don't have to do all the bullshit servicing and and also, like, petrol with kids around isn't great. Yeah. And a spinning blade. Yeah. It's not great. So so I use the electric. But, also, like, if I was gonna do it as a job, if I was Ben,
[00:09:19] Unknown:
he would be, like, spewing hearing that. Yes. When you said DEWALT, I almost winced a little bit because I know quite a few of my mates are tradies, and they all Yeah. If they heard this, they would be mocking that you used Dewalt. Really? Obviously, me, I I I'm none the wiser, and I, you know, I wouldn't be able to sell a different spot yet. Dewalt is apparently They use Ryobi, do they? Is it? Well, no. That's even shitter, isn't it? I've got a Ryobi drill. It's fucking terrible.
[00:09:41] Unknown:
What do they use out of interest? What's their, preferred? Milwaukee seems to be the popular one. Oh, it's so gay and American. It's so gay.
[00:09:50] Unknown:
The way I see it, again, not a tradie, so I'm I'm almost certainly gonna offend some people here. Yeah. But, it seems like the Audi of the tool world No. Where it's like it's really good. It's the Fiat 500 Cabriolet. So I was going down the path of, you know, it does a really good job. It's very expensive. Then kind of once you're in the club, you're probably never gonna leave. Yeah. Maybe. Also, maybe a little bit gay.
[00:10:15] Unknown:
It's definitely gay. It's weird because everyone I know who's in the trade down south, they use either Dewalt or Makita. And it's like, there's always the bachelor too, but no one fucks around with Ryobi. That's, like, definitely gay. Yeah. Like, you're asking to get your leg chopped off there. Yeah. And Milwaukee, the same. It was like, that's definitely gay. Interesting. Interesting. There we are. Maybe there's an a North South, like, tradey divide where maybe that's how you know where a tradesman's from.
[00:10:40] Unknown:
Yeah. That's that's probably true. Probably lives South Of Watford.
[00:10:46] Unknown:
That's probably true. But, yeah, that's that's all my business. Nothing else really other than Bitcoin land stuff, which we're gonna jump into now. Yeah. Part of climbing up the trees and doing all this is just to quieten the mind and to stop myself from being frustrated or angry.
[00:11:03] Unknown:
Good. Best way to, get some therapy that with a spinning blade. I like it. Yes. Before we dive into the list, you talking about climbing up trees made me think of John. And I just wanted to give another shout out to the absolute master class that he gave in about nine minutes flat on last week's Freedom Set Friday. Oh, yeah. That was absolutely sensational. I I I shouldn't be surprised because I listen to all of the show, all the minor shows that you guys do. Like, I know what it's about, but, obviously, this was a a little bit of a different topic, for those of you that didn't listen to it. We're talking about FreedomTech for families and for kids. John just swooped in, like, ten minutes before the end and just, like, gave this sermon essentially and just knocked me out of the fucking park. It was quite a I was gonna say it was a sight to behold, but, obviously well, we could see him, actually. So, yeah, it was a sight to the whole
[00:11:47] Unknown:
It was. Yeah. It was a master class, and I do genuinely ask John quite a lot of questions when it comes to, like, family stuff, you know, what to do with the kids and stuff like that. Like, he's been through it. His kids are older, and he's a good dad. He knows his stuff. So, yeah, if you missed it, definitely have a listen to that one. It's on the feed now. Also, starting to look more and more like Santa every day. Like, is that just a Christmas look? Or No. He's really gone in on the sort of Monopoly Man vibe. Yeah. Monopoly Man? Sort of Monopoly Man that does a few pull ups. That's kind of the vibe he's gone for. Like a like an ex marine that can fuck you up, but he does it in a jolly way.
[00:12:30] Unknown:
Okay. Okay. Yeah. Like, he'll punch you in the face, and you'll thank him for it. That's John. Love you, John. Yep. Love you. Love you, mate. Alright, mate. Let's hit the news. Unfortunately, we are starting with a very somber note. We touched on it briefly on Friday because it's when the news came out. But regular listeners to the show will know that we have and remain to be, you know, huge fans of the the samurai wallet ecosystem and what those guys created. And over the course of the last god, how long has it been dragging on for now? Basically, they've been dragged through the legal system after their initial arrest. Could be, like, a year and a half or something? Yeah. Something like that. Or for one of the developers, Keone Rodriguez, it came to a head on last Friday where he had his sentencing.
And, basically, the judge, Denise Coates, basically threw the book at him, gave him the maximum sentence. So he got five years in prison, a $250,000 fine, which is basically just the the maximum prison sentence the judge could have supplied there. He has no right to appeal because he took a plea deal at their previous hearing. In hindsight, seeing how harsh the sentencing was, that seems like it was probably a very sensible decision for them to make. And I know that sounds very weird or could sound like a weird thing to say really, but, you know, I'm a firm believer that looking up what the judge has done here, like, they could have got potentially the maximum sentence if they were found guilty and it went all the way to to trial. I think, yeah, what you're saying is
[00:13:56] Unknown:
they've looked at the situation and said, like, you know, is this really a fair trial? Is it going to be a fair trial like it's supposed to be? And the answer is no. They are very, very smart guys, and I think as disgusting and wrong as everything is, it's better than twenty five years. So in hindsight I mean, I was shocked when they took a deal, to be honest. At the beginning, I was like, fuck. I didn't see that coming, but it maybe it makes a bit more sense now.
[00:14:24] Unknown:
Yeah. It seems like it was a sensible decision. He's still gonna have, you know, a large proportion of the rest of his life when all is said and done to spend as a free man after the five years. Obviously, it'll be slightly less than five years because I believe the time that's been spent under house arrest, which will be well over a year at this point, will count towards that. So I guess you could say it's only four years from now where he's gonna be behind bars. Isn't there an extra year and a half or two years afterwards where it's like parole or some sort of bullshit as well? Yeah. So there are other stipulations afterwards. I'm just scanning down the rage article to try and find those details. Obviously, that will be linked in the show notes for those that wanna read the the full ins and outs. Yeah. In addition to the sixty month sentence and a $250,000 punitive fine, Rodriguez will be on supervised release for three years following his prison stint.
Twenty percent of his gross income will be garnished towards the fine after his release as well $25 a month or up to 50% of any income earned in federal prison work programs.
[00:15:23] Unknown:
Federal prison work programs. It's so fucked up. It really without going on a huge rant, it's just massive injustice. And we all kinda know that and especially in the privacy circles that there's something that we're fighting against and that these people are fucking disgusting and hate people having freedom. But these are guys who followed the rules technically. They wrote an open letter. They did everything that they could. They were out in the open. They were developing software. They never handled any of their money. They wrote the code, and it's to see somebody who has been so just hugely important to the culture of ungovernable misfits and everything that we do from the very beginning, like people that we looked up to, people that didn't yield, didn't go along with all the bullshit. They were here for freedom to see this happen to them. People I consider real people to look up to for this to happen to them is a real massive, massive slap in the face. It really reminds us why we're here and reminds us not just to nod along and to go along with all the fucking stupid bullshit that you see on Bitcoin Twitter and actually stick to the principles that they laid out.
[00:16:40] Unknown:
Yeah. Absolutely. It's a big, big black pill moment for me last Friday. I'm still feeling pretty dejected about the whole space, and I guess the potential implications this could have in the future. I certainly wouldn't wanna be a an open source developer developing privacy tools at the moment. It just seems like people are just looking to make a scapegoat of you. Bad as all this seems, it just gets even worse when you if you take a step back and consider all of the tertiary stuff that's kind of gone on around this. Like, we've mentioned many times that they were following the Vincent guidance that they didn't need to register to be a money transmitter. You've got the Blanche memo from earlier this year that literally stated that it was no longer gonna prosecute developers for writing code. And yet here we are today talking about somebody being thrown behind bars for the next four or five years for doing what we thought was following the guidelines. It very much seems like the judges wanted to make an example here. And I'll be honest, it doesn't make me very confident about how the sentencing is gonna go for Bill or for Roman Storm as well in the tornado cash case, because obviously he's got his appeal on. I'm not sure on the timeline for that one. If this is anything to go by, it feels like it's gonna be a rough couple of months. I believe Bill's sentencing has been pushed back to the nineteenth of of November. So by the next time we go, we should have some news on that one as well. I'm not sure why it got pushed back, but, yeah, it's not currently taking place. For Keone, he's currently been released back to his home, and he's got a surrender to prison on or before December 19.
[00:18:08] Unknown:
Cunts. Absolute cunts.
[00:18:11] Unknown:
Yeah. So, I mean, there's not really a lot else to say other than, you know, thoughts and prayers are are with both of the guys, their friends, and their family, and just hope they can stay strong and, you know, just get through it and then move on with the rest of their life once and put all this horrible shit behind them. Well, at the earliest opportunity. And as always, shout out to the rage, to Lola, and to David, and also to Frank Corver at Bitcoin Mag as well for doing stellar work in terms of covering this from start to finish. Just one more point I wanted to say on that before we move on. There's not no hope. There is obviously potentially
[00:18:45] Unknown:
the option for a pardon. I don't know how likely that could possibly be, but I think it's important not to, like, look at this topic and just say, okay. That's done. That's extremely sad and frustrating and all the other things that go along with it, but it's important to not give up on it because I never thought Ross would get out. I never thought that would happen. Mhmm. Me too. If you'd have asked me, what percentage chance is there that, like, Ross ever gets out? I'd be like, half of 1%. Like, that was maybe how confident I would have been. So it's happened. You know, Roger's walking free. Ross is maybe with enough media coverage. And maybe if we don't give up and maybe if if everyone keeps trying,
[00:19:24] Unknown:
something can happen because at the end of the day, these guys have done nothing wrong. Yep. Completely agree. I've seen a lot of people have started to get behind this, and I hope it's a an initiative that continues to to gain prominence and recognition. People have already started tagging Trump on Twitter and things. So at this point, like, it seems to be the only avenue that we've got left. So I wouldn't say I was hopeful given where we are in terms of, you know, Trump's not incentivized to do this anymore. He's already got but won the seat in the White House. He doesn't need to impress any more libertarians, does he? And I don't think he can run again after this, can he? I believe not. No. Not without breaking any laws.
[00:19:59] Unknown:
No. So unlikely, but so was FreeRoss. And so just let's not give up on these guys because they were pretty much the only people who were willing to stand up and fight and build these tools and put their necks on the line, and they knew what was at stake. And they didn't have to fucking do it. This was for more than just, like, running a business and money. This was a principles thing, so let's not give up on them. 100%.
[00:20:24] Unknown:
Yep. Alright. Moving on. Lots of controversy mainly on Twitter for the last week or so around the lava lending platform. Don't know whether you've seen much of this, Max, or whether you've been keeping up to speed on it before I dive in. Yeah. I've I've moved all my post mix into it and, been yielding and yamming and all that sort of stuff. It's,
[00:20:45] Unknown:
it's great. You should do it. I've got a an offer code if you want me to send it. Nice. I'll I'll take that as a as a no. I haven't. That's that's me being a twat. I've seen a couple of bits and pieces. I think, basically, it's like a a lending platform thing where you can borrow maybe at, like, 5% I saw knocking around, which is, like, way, way, way better than a lot of these other options that I've seen. I don't know anything about mechanics. I just have seen that people have been saying, like, this doesn't look good. So that that's literally all I know. Yeah. So it's the mechanics of it are coming under scrutiny.
[00:21:25] Unknown:
So in the last month or so, they've done a a large raise. I believe they raised, like, 200,000,000 or something like that. I know a couple of people who have basically used this. And up until very recently, they've basically marketed themselves as a DLC, noncustodial lending platform where you kind of lock your Bitcoin up in a multisig, and you can borrow against it, get dollars. It had, you know, favorable rates and even more favorable in recent terms when they kind of done this rebrand where their marketing, like, 5% flat plus another 2% something else seems to be very competitive compared with the the rest of them that seem to be anywhere between, like, 1015%. The controversy arose when they essentially pushed an update recently where they essentially moved from a noncustodial or DLC, which is discrete log contract, by the way, where it's like a shared multisig and you have an oracle and, you know, all that sort of fancy stuff, where they basically forced an update where, basically, you couldn't use the app until you accepted to move your loan to the new platform, essentially, where within the app itself, it didn't really give you much information other than basically you can't move the app until you press the button below and you accept that you're gonna move to the new setup, which it turns out is an entirely custodial solution where they control all of the funds, which then means that they can go and do all of the horrible stuff potentially like rehypothecation, etcetera, etcetera.
Potentially is the keyword there just before I get a lawsuit after me. But the nature here is that they've moved without what most users are deeming to be proper notification to an entirely custodial model, and that has understandably kind of garnered a lot of attention. And what's even stranger, unfortunately, is that rather than kind of owning it and say, look, you know, maybe we didn't communicate this well, their I believe it's their CEO on Twitter has been kind of just dancing around it and just using one of the guys I know basically said he's just been responding with corpo slop, which I thought was a great way to do it.
He's just, like, dancing around and, like, pontificating over what does custodial actually mean instead of just answering the question and being Yeah. Yeah. Yeah. Honest with your user. Like, if you use a custodial model, you know, you're probably doing that to make your life as the lender easier. Fine. Just own it. Like, don't try and hide it. Yeah. It it just seems, yeah, a very strange move. It seems to have coincided with the the recent raise that they've had. I guess to play devil's advocate, the people I know that have tried this have said that the user experience is second to none. You can do really small loans to test it out first. It's almost instant. But the way that they've handled this in the last couple of weeks seems to be pretty shady with almost a forced upgrade without proper communication.
So I'm not saying that the people behind this are malicious. Perhaps they've just kind of bungle this upgrade and just have communicated poorly. I'd like to think that that was the answer to this. But the reason I bring it up other than to warn people to, you know, just take a step back if you do have a loan with them and just reconsider would just be I guess it harks back to kind of open source software and not just having auto updates on for your apps and things like that. And sometimes as boring as it is, it makes sense to read the small print and to read the terms and conditions, especially when your Bitcoin is involved. So Yeah. Yeah. Then if you have any takes on that one, mate. Just that I'm old enough and ugly enough
[00:24:42] Unknown:
to know and been around long enough to know that this stuff normally doesn't end well. Normally, when there's a bit of concern and there's someone else holding someone's Bitcoin and there's a loan
[00:24:56] Unknown:
and an agreement that seems to be much better than everything else that's offered on the market, it does not end well. So I could be wrong. It's just that is what history has shown me. Yeah. And just a final caveat to this. Obviously, I'm not a lava customer. I've seen screenshots of the update that was provided in app, which for me doesn't give enough context as to what's actually happening in terms of the changing of custody. But not being a customer, I I have no idea whether there was email sent out that people are failing to read small print of or whatever. But, yeah, it's not looking good. I've seen multiple fairly respected people pointing their finger here to be like, you know, this is not okay the way you've handled this and maybe you need to own it. Okay. Alright. Next on the list. On last week I'm gonna say last week. It's two weeks ago. We talked about I was gonna call it Luke Dash's fork, but, allegedly, he put a mask on when he made the pull request and did it under a nim.
And it was actually made by somebody else. But bit four four four, the the soft fork proposal that all of the knots crowd are throwing themselves behind is still in proposal stage. It's been met by much scrutiny over the course of the last couple of weeks. We went into the ins and outs of the changes on the last show. So if you're interested in that, check it out. Rob Hamilton of Anchor Watch Prolific, Devon, all around great shit poster on Twitter and Monster. He's open sourced an on chain bit $4.04 4 futures contract. The TLDR here basically is that he has made basically, it uses Taproot scripts and multisig so that somebody can go into a bet with him or, you know, you can create your own here because he's open sourced it where basically you could lock up some funds in a two of two multisig. Let's say you could do 1 Bitcoin each or whatever with your counterparty.
Because it's using the magic differences between bit four four four and the restrictions within that op returns and things like that, the bet would be paid out depending on how you construct it. So if bit four four four becomes active, then only that spending path that is compatible with bit four four four, I e, the nots proponent, would win the bet, and they can claim all of the funds. And then the flip side is also true as well is that if it never activates after the time lock expires I don't know when he set this, how long it's for. But, basically, if bit 444 doesn't activate, then the person who's backing that side of the bet cannot access their funds, and they can be taken by the, I guess, the the pro core side of the bet. Does that make sense?
[00:27:17] Unknown:
Not really. It probably does.
[00:27:20] Unknown:
It's basically a betting market, but there's no central oracle. It's just using Bitcoin script and the fact of the differences between Bitcoin as it is now and Bitcoin as it might be if bit $4.04 4 was activated. As the bird. Exactly. And so it's all enforced on chain. You can verify all the scripts if you're a nerd, and, you know, you don't need the central oracle. The Bitcoin network literally decides by basically saying which chain tip is the highest at this date, and then you'll be able to take all of the funds depending on which side of the bet you live on. Right. Right. Right. Right. Okay. I got you. Pretty nice. I saw it was a pretty cool way to do it. Obviously, I I ain't gonna be doing any, but it could be a a good way to steal some sats from some people for on the knot side.
Yeah. And speaking of betting on bit $4.04 4, next news item, there's a a new marketplace come out. Well, I say new. New to me anyway, called predicts,predyx,.com.
[00:28:18] Unknown:
Which is a Transvestite. So
[00:28:23] Unknown:
Nice. I like it. It's basically a prediction market. I believe it's powered by Bitcoin. Yeah. You can definitely buy in Bitcoin. I don't know whether there's all the cryptocurrencies available, but Rob Hamilton has started a prediction market for, will the reduced data temporary soft fork, I. E. Bit four four four, be consensus enforced on the most work Bitcoin chains hit by 03/01/2026. There's been 255 people that have taken this bet, totaling at the moment a measly 6,010,000 sats. And the likelihood, according to those 255 people, is the the likelihood of success for bit four four four by the 03/01/2026 is a whopping 2.59%.
That's pretty big. So the market's not confident, Max. Not at all. The current odds essentially, if you were to buy a 100 shares, I'm not sure how much a share is. If the bet wins, you will do a 2400% increase on your funds. So if you wanna back Luke and Co, there's some potentially a lot of sats to be earned there. There is. Okay. Unfortunately, the rest of the market doesn't agree with you. So if you'd like to set fire to your sats, just send them to me instead. Will you throw some sats at this or just observe? I'm just gonna observe. Like, the odds on the other side are just almost not worth it, are they? Not worth it? No.
[00:29:51] Unknown:
I don't think so. I don't really feel like I ever wanna bet at the moment either. I used to bet heavily when I was younger, like, really, really love betting. And ever since being involved in Bitcoin, just like don't ever feel like you need to. Do you know what I mean? Like, you sort of scratch that itch. It's like, oh, we just had a 15% swing or 20% swing or whatever, and you're like Yeah. It's every day is a bet. Every day is like you're living through that, the ups and downs. And then the years of doing it, you become dead to it. Like, I can literally just, like, look at my phone and just go, I'm this means nothing to me now. I'm so dead to the, like, fear and the excitement. Like, just it means nothing that I think if I had to go into a casino or go and bet on horses again, the stakes would have to be so high, not 2.6%
[00:30:37] Unknown:
or whatever you just said. Like, the the stakes have gotta be really high for me to get excited, and therefore, I would just watch this from the sidelines as well. Yeah. I'm exactly the same. Prime example was we have a a big horse race in The UK that kind of everybody gets behind once a year called the Grand National. Yep. And that was on earliest well, it's quite it's on quite early in the year, but I distinctly remember looking at the the odds on the favorite this year, and it was like One to 16 or something stupid. So something stupid like that. It was actually no. It was bigger odds than that. It was something like I worked out that if I put 10 on, I was gonna get, like, 16 back. And I was just like like you said, you just become completely desensitized, especially when you got, like, 90% of your net worth in Bitcoin. And, you know, you see the wild days where it's, like, 20% in one direction and everything else just seems entirely boring, doesn't it? Yes. It does. Yeah. I'm gonna keep tabs on this one, but, it it ain't looking good for the market back in this soft fork, unfortunately. We've also had, I believe, at least two of the big mining pools already come out to say, yeah. No fucking chance we're not getting behind this. So What about Ocean? What are they saying? I haven't seen any public statements, but given who works there, I think it's fair to say that Which side they'll be on. Which side they'll be on. But they also allow miners to complete their own block templates, don't they? So I'm thinking Mhmm. Could they enforce that? Yeah. I don't know. We'll find out. John, I'll know.
Yeah. They still have the opportunity to reject the successful block, don't they, if it doesn't meet their purity tests. But, yeah, maybe that's one for for John to answer. Yeah. Alright. Next on the list. Just a quick honorable mention, really. Last time, we spoke about the cool new bit proposal from the Bitkey team around privatizing collaborative custody solutions, where basically they'd come up with a I think they're calling it chain code delegation. Again, the TLDR for those that you that missed the last show was that if you use a collaborative custody solution that adopts this chain code delegation, they do not learn anything about your multisig setup, I. E. They don't see your balances, they don't see your addresses, they can't spy on where your funds go to or come from, assuming that you're not using their default node. Obviously, that's an important caveat there. And you can do that in such a way that they're still able to provide the collaborative part if the shit hits the fan and you need them to sign a transaction.
Mhmm. Basically, when it gets to that point, you share with them just enough information to sign just that transaction. Basically, you can have the best of both worlds where you can have a third party to call upon, an independent third party, but they're not able to spy on you. So I was very impressed by this and was hopeful that it was gonna come to fruition. The reason I'm talking about it today is that they've already released the blog post to say, look. This is gonna be in the next release of the Bitkey application. Anybody that's already using Bitkey will be able to switch to this new solution so that they can get the benefit of that moving forward. If you're an existing user, that isn't gonna make suddenly your coin history with Bitkey disappear. Like, they already know about that sort of stuff. But moving forward, anything from then on, presumably within the new solution, will be private from Bitkey up until you actually need them in in a break glass type scenario. Yeah. The speed at which they've shipped this caught me off guard. So it might seem weird for me to talk about a competitor like this, but, like, hats off. The fact that they're starting to ship this already is is very impressive. Yeah. That's cool. And the whole competitive beef thing is stupid. Like, if someone does something good, you should congratulate them. If someone does something dumb, you should attack them and just stay in your own lane and develop your own stuff. And it's all about trying to get better quality stuff into the hands of users. So respect where it's due. Controversial opinion, but from an architecture perspective, aside from the usual gripes I've got with the fact that there's no screen on the device and things like that, I think their architecture is great for the right person, like boomers that are just coming into the world of self custody. Like, it is a compelling use case, the Bitkey. Not for more hardcore people. They don't wanna be kind of trapped or trapped is the wrong word because you can exit from Bitkey, but you don't wanna be within a a garden that's more difficult to get out of than it will be just with, say, your seed words, but, again, different trade offs.
I think for the right person, the Bitkey does make a compelling use case. So, again, I do take my hats off to them. They've they've gone to the market and and done really well from an architecture perspective. So very impressive. Next up on the list, we have a Steak and Shake who came into popular viewpoint with Bitcoiners this year when they started accepting Bitcoin. I believe it was at the Vegas conference. They have now doubled down on that and then as well as accepting Bitcoin in in all of their physical stores or most of their physical stores, should I say. They are now also pledging to start their own, and this is a trigger word for me, but it's in the news article, strategic Bitcoin reserve, where basically they are going to keep all of the Bitcoin rather than flip it all for fiat. So if you buy in Bitcoin, they're gonna keep it in Bitcoin. And for every meal that they sell for in Bitcoin, they're gonna donate 210 SATs to the Open Sats initiative, and that's for the next twelve months. I have no idea how big this is gonna be in terms of how many meals they sell for Bitcoin. Yeah. What is Steak and Shake? Like, have you ever had one? It's not in The not in The UK, is it? No. I've never had one. It's like a yank thing.
Yeah. Definitely just an American thing. But, it's good to see that they're kind of seem quite ideologically aligned. The fact they're keeping the Sats and not only that, donating to open source alternatives via the Open Sats initiative. So I don't normally get excited by this kind of corporate side of things, but seems to be well incentive this one. So I'm impressed. Can you buy a steak at Steak and Shake? I presume so. I think it's more of a fast food joint. Like, I can't see them Right. Serving actual steaks.
[00:36:28] Unknown:
Yeah. Yeah. You're not getting a rib eye with a chocolate milkshake
[00:36:31] Unknown:
because that's what I'm imagining. Oh, they do steak burgers. There you go. Okay. That's where the name come from. Right. Okay. I've literally just gone on to their website. They are very much all in. The first thing you see is the Steak and Shake logo with the Bitcoin word right at the top of the circle. They do seem to be, like, leaning into this quite heavily. So, yeah, it's good to see. Good to see. Oh, also, this is not on the list, but I've just remembered the Square payment terminal thing goes live, I believe, tomorrow on the November 11. So if you are in The US where this is being rolled out to you first and you do dealings with any merchants that have got Square too, and I'll make sure you start asking those questions and start spreading the word about this one because I'm pretty sure that that I think it's November 11 that goes live. Yeah. Okay. Next on the list, very quick, on another honorable mention, one of my tools that I use every single day, Notenook, which as the name suggests, is a a note taking app that does way more than that. We talked about it in detail on FreedomSet Friday, so you can go back and listen to that. One of the only gripes that we've had up until now with Nuxnook was that you couldn't pay for it in any form of cryptocurrency. You can now do that or be in a roundabout way through proxy store. Basically, you can go to digitalgoods.proxyst0.re.
What a horrible domain. Link will be in the show notes. And you could buy one, three, or five year gift cards using Bitcoin or any cryptocurrency of your choice that they support, obviously. I think they do also support Monero. And then you can just pop that gift card number into your Notes Look app so that you can go for the premium option without having to purchase with the credit card. Very nice. Yeah. Happy to see that one. I'm sure we talked about that specifically
[00:38:13] Unknown:
when moving through it. We did. So maybe it was us that did it. Maybe us calling them out on Freedom Debt Friday was the impetus for them to get it over the line. Who knows? Do you know what I think it was? I think it was Slithery Seth in their ear. He slithered up right into their ear and just whispered, get it done, you cunts, like that.
[00:38:32] Unknown:
Well, if that's what it takes, it clearly worked. Well done, Seth. Okay. Last on the list, more drama on the Twittersphere. There's been the Marmite dev, floppy Floppy dick. Floppy disk. Oh, yeah. Floppy dick. Yeah. Well, that's what that's what Calle has been calling him lately is floppy dick. He found a vulnerability in the Mint software for Cashew, the custodial e cash solution that Calle has been championing for longer than I can remember now. He found a solution like a denial of service vulnerability where basically you can ironically upload, like, JPEGs and, quote, unquote, spam to these mints to basically act as a denial of service and take them offline.
My understanding is there is and never has been, for this vulnerability, a risk of loss of funds. But, clearly, if the mint that your Cash App is connected to is down, then you cannot spend your funds within that. So it is kinda like a a temporary, I guess, loss of funds, if that makes sense, where you wouldn't be able to spend if this attack was successful on the specific mint that you were using. Linked in the show notes for what I'm about to read from is a quick post mortem from Calle on the denial of service book, basically. Casio has HTLCs, hash timelock contracts, very similar to the Lightning Network.
The spec says that the preimage must be 32 bytes. In Nutshell, one of the multiple Mint implementations did not check the size of the HCL preimage before validation. It violated the spec. The preimage is stored for some smart contracts where Bob doesn't want to rely on Alice to actually provide it, like how Lightning channel force closes don't rely on Alice being nice but instead relying on on chain data. We fixed it instantly in Nutshell version 18. Unfortunately, attacker disclosed irresponsibly without respecting industry standard time frames, two weeks brackets low, or any other collaboration, Cashew got better as a result.
Mhmm. The reason that this kind of blew up other than the fact of, yeah, there is a denial of service risk here is that Cali has been very vocal on the core side of the whole spam argument on Bitcoin, and floppy dick disk, I mean, has been very vocal more towards the knot side of things, I think. That's fine. Yes. Indeed. That's fine. So, obviously, it's somewhat ironic that he was able to find a very similar, quote, vulnerability where he can upload cat JPEGs to cache mints when they would argue that people more on the core side are like, well, that's not spam, and that's not a denial of service, blah blah blah blah blah. Okay? Mhmm. It's apples and oranges because, like, with Cashew, there is a real, like, denial of service where you can prevent people from accessing their funds. Unfortunately well, no, unfortunately. Djens uploading cat pictures to the Bitcoin blockchain does not stop me from sending my funds. So it's not quite the same, but there's a touch of irony there. It looks as though I've seen a recent tweet from Cali this morning that all of the mints are now updated, so it doesn't seem like this is a risk anymore.
But, again, stark reminder that whilst your funds couldn't be stolen, you could have been prevented from accessing them for an indeterminate amount of time if your mint was down. So be very, very, very, very careful if you choose to use custodial solutions. Okay, mate. Let's, let's do some boosts, shall we? I'll let you kick it off. Late stage huddle with 6,006
[00:41:51] Unknown:
sats with a pony and a robot. I'm sure what that's about. Oh, probably a Shetland pony and a robot. Me and you. Yeah. There you go. He's he's always top of the boost list as well, isn't he? Late stage title. Just wanna pause and say thank you. Thank you, late stage title. Yeah. We appreciate you. Thank you, mate, for supporting the show. Chad Farrow with three thousand three hundred and thirty three sats. Glad to hear that q and a is a fan of Breeze Spark SDK because I've been working on adding it to podcasting two point o. I'm a lightning node maxi, so I don't look into this other stuff. But like you said, Rory Breeze always ship a solid product, and the Breeze wallet has slash had podcasting two point o. So maybe we can bring that combo back to life.
Hashtag Albi hub is still the goat for PC two point o stuff, but other options are still nice to have via Cast O Matic. Thank you, Chad Farrow. Yeah. I was saying, oh, no. Because I couldn't see half of the thing because I'm still working on a laptop with no extra screens. There's just too many fucking windows open. We need to fix that for you. We do need to fix that. It's very annoying. Ironically, all of these boosts could go towards a new monitor for you, Max. It'd be nice. It'd be nice. The next one comes from welder Ian with 2,222
[00:43:13] Unknown:
sats. Any ungovernable misfits plebs want to meet up Friday slash Saturday night at Bitfest. He left his end pub in the comments, and he said he would love to buy you a beer. Well, Ian, I will take you up on that because I will be there on the Friday evening. So if you wanna buy me a beer or beers, I'll be the blue robot in the corner.
[00:43:35] Unknown:
What beers are you drinking these days? Are you, on the lagers, or are you still on the sort of, like, wanky IPAs and stuff like that? Typically, I'll have I'll start with a couple of IPAs.
[00:43:45] Unknown:
This This is assuming I'm not just having, like, one in the house or something. Yeah. Yeah. Yeah. I'll start with IPAs, and then I'll tend to go on something lighter tasting like a Corona or something. Okay. But we are dangerously close to Guinness season now, aren't we, mate? It's a it's very much a winter drink. So Yeah. The next time I go out, I would imagine it will be a Guinness evening. Okay. So, Ian, I'll have a Guinness. I'll see you there.
[00:44:09] Unknown:
Is it still technically a beer, a Guinness? It's a stout. Yeah. So he said he'll buy you a beer,
[00:44:16] Unknown:
not a stout. So, unfortunately, you'd be buying your own, mate. But at least you could catch up with Welderian anyway. Yeah. I mean, look. If Ian says, I think Guinness is gay, and I'm only gonna buy you a a Fosters, like, I'm not gonna look at gift or something. I'll take care of it. Yeah.
[00:44:33] Unknown:
Noted. Kaz Peland sent a thousand stats and just said boost. Thank you, Kaz Peland.
[00:44:40] Unknown:
Thank you, Kaz Pieland. Rev Huddle with 721 sats. How does privacy on ARC and privacy on Lightning compare? What are the different trade offs? Can they be used in tandem to achieve even better privacy than just using one or another? Oof. Oof. We need our resident ARC influencer here for this one, don't we? But I I'll take a stab at it. For spending, Lightning there's so many caveats here. I'm gonna assume, Rev Huddl, that when you say Lightning, that you're talking about using it in the most self sovereign way with your own channels. If that's not the case, then let me know, and I'll answer again on the next show. But assuming you run your own node, then Lightning will be more private from a spending perspective because you're the one doing the route path finding. The routes along the hop don't know the final destination, and the recipient doesn't know where you're paying from, which node you're paying from. So you got very good privacy guarantees from a spending perspective.
With ARC, again, very early at the moment, and, you know, we've only just seen beta products come out. But my understanding is that you would have good privacy from the recipient, but you wouldn't have good privacy from the ARC provider because they're the kind of coordinator of of all of the the transactions, essentially. So you could probably, you know, looking at it quite simply, argue that Lightning or self sovereign Lightning would be more private from a spend perspective because, well, you're doing it all yourself, essentially. There's no third party involved. Well, technically, there are because of the onion routing, but because of the onion routing, that means that you don't reveal destination or recipient along the path as well rather than just sharing everything with one ASP, a ARC service provider. So, yeah. Trade offs, obviously, simplicity with Arc, whereas self sovereign Lightning can be a fucking nightmare unless you're prepared to run a node and all the joys that come with that. Can they be used in tandem to achieve even better privacy than using just one or the other? Yeah. Well, I guess when you're using ARC, you're gonna be able to pay Lightning invoices from the ARC, and, again, that will be facilitated by the ARC provider or ARC.
Seth came up with a new or or was using a different term for them recently. I know that's a a recent development, but, basically, the ARC service provider, you can pay out from there. So, again, the recipient would have little knowledge of where that's come from because you're paying from, like, a a shared UTXO essentially within the ARC network, but you still get you're losing a little bit of that to the ASP. So, yeah, I think that's probably the best way I can kind of come up with a an answer for that off the cuff here. Self profit and lightning, way more private. But I guess you could argue that using ARC is, from a privacy perspective, is more similar to something like Phoenix where you've got the the ease of use. You can have the simple payments and the the autonomous kind of management of everything like that without the need for interactivity, yada yada yada. But in the Phoenix case, they know because they're doing all the path finding for you on lightning. They know exactly what you're spending. So it's like a trusted or semi trusted privacy relationship, if that makes sense.
[00:47:41] Unknown:
Yep. That does make sense. Wartime with a 133
[00:47:45] Unknown:
sets just sends two sticks of dynamite. BTC on board sent a 100 sets with two thumbs up.
[00:47:52] Unknown:
And Pioneer Hash says Spark isn't ARC along with a 100 sats. Okay.
[00:48:00] Unknown:
Yeah. I I don't know when I've been talking about the two that I've kind of said that one is the same as the other. They tend to get spoken about in the same breath, but they do have slightly different trade off models and technical underlying. So, yes, if I did say that, then I apologize, Pioneer Hash, but, thank you for the call out. You are right. Yeah. Thank you. Questions? Let's get rid of the updates and releases first, and then we'll finish with the questions, shall we? Okay. Let's do that. Mister Roar, I've been busy again. Frigate version one point two point zero has been released. Quick reminder that Frigate is an experimental Electrum server that tests efficient silent payment scanning with ephemeral keys.
The major feature in this release is GPU acceleration of the cryptographic computation required for silent payment scanning. This provides a dramatic brackets over 10 x performance, improvement over CPU computation, and makes public silent payments, Electrum Server, a practical reality for the first time. This is very exciting. Pleased to see this one. I actually I'm surprised to see this one because the way I interpreted the first release was that this was a one and done thing for Craig and that he was saying, look. This is possible. Somebody take it. Go and build on it and, you know, spread your wings. No pun intended. Talking about Sparrow and similar. But, yeah, it seems like he's continued to iterate on it. I'm sure Seth will be pleased to see this one as one of the wallets that are pioneering silent payments because they'll be wanting to run similar infrastructure for Cake Wallet users. So, yeah, good to see. I'm liking this a lot. Thank you, Craig. Thank you, Craig. Very cool. Another cool but nerdy release, MiniScript Studio. Link in the show note to another horrible URL.
Adys.dev, is basically I'm sure it probably means something to somebody. It's, as the name suggests, is basically where you can kind of think create and compile and read different mini script policies and just general mini scripts so that you can kind of expand them to see what's going on. Because if you just look at a single piece of mini script, it's gobbledygook to everybody other than somebody like Peter Willard. So you can kind of paste it in and see what's happening, generate addresses and stuff. It's just a bit of a playground, essentially. It's not to be used in production to actually make a wallet or anything like that. Yeah. Just thought it was pretty cool as somebody who's quietly, well, not quietly because I talk about it all the time, but very bullish on on Myscript and what that can do for for the self custody world. This is cool. I I have no idea who's behind it. It was Wizard of Oz and Nosta that shared it. Don't think he's the one that's actually produced it, but, that's how it came onto my radar at least. Very cool to see. Nice little toy there. Phoenix Wallet version two point seven point zero and also their server version zero point seven point zero has been released. Pretty big release, actually. They've now fully integrated Taproot channels so that all of their future Lightning channels are now based on Taproot addresses. That means on chain operations are now 20% cheaper, so significant savings for the user as part of channel opens and closes and stuff. Exactly that. Yeah. So a significant 20% decrease in costs, which they're passing on to the user. That also means that the on chain footprint of a Phoenix channel is now completely indistinguishable from a a standard pay to tap root address that you might use with your passport or your Jade wallet or something like that. That is with the caveat of, of course, as long as the channel is never force closed, which under normal operation, you wouldn't do that. And then they have oh, this is a big one, actually. They have multi wallet support on mobile. This was one of the biggest limitations to Phoenix for me was that you had the app and you could have one wallet. It was a wonderful wallet, and it takes away most of the headaches that lightning brings.
But, like, that was it. You could have one Phoenix with one wallet on one phone unless you did some stuff on Android with profiles and things like that. Well, now you can have different wallets within Phoenix. I'm not even sure if there is a a limit on that, but, yeah, you can now have multiple wallets all benefiting from the same wonderful UX, you know, that we come to know and love from Phoenix. Yeah. This is a big release. Oh, and, also, there might be people, existing Phoenix users thinking, well, okay, Taproot Channels is great. Like, how do I get from one you know, how do I migrate? Basically, as you'd expect with Phoenix, they've done all the magic stuff for you. Basically, the next time that you send or receive an on chain payment, they'll take your existing native Segwit traditional Lightning channel, and they'll migrate it to a to a Taproot one such that you don't have to do anything other than that existing transaction that you were already gonna do anyway. Very slick. Yeah. Very slick. Like, this is the go to Lightning Wallet for people that don't wanna run a node in that, and it's not even close. It's a an excellent wallet.
Oh, and they've also teased NextUp, v three transactions and zero fee commitment transactions to completely shield channels from on chain fee rate fluctuations. Very nice. Very nice. We were talking last show about how Breeze just sits there quietly shipping cool shit, but Phoenix is just the same, isn't it? It's fucking awesome wallet. Yeah. Next up on the list, I remember sending this one to you, actually, Max. Fountain for Podcasters. This is a quote. A seriously powerful podcast hosting that converts listeners into supporters powered by RSS, Lightning, and Nosta. It allows you to host and distribute everywhere. You can add video chapters and transcripts, launch a paid subscription. That's pretty cool.
You can take card payments, advanced analytics, and I'm sure much more. Again, link will be in the show notes. Not sure on the pricing and how that compares. That's kind of a a you and Jordan question. In actual fact, you know what? I don't actually know what Uncoverable Misfit uses for this solution. Maybe you can educate me. We use PodHome.
[00:53:41] Unknown:
They've been incredible. Really, really, really good. Really responsive. If we ever have an issue, it's one email, one message, and it's done. If we have features we wanted, it's one email, one message is done. I can't recommend them highly enough. So when you did send it through, just being open and honest with listeners and anyone who might be listening to this and also thinking of running a pod or or who is running a pod, my thought was no. Not a chance in hell would I be moving across because of all the things that we use, probably Fountain, although it's very powerful and although we have a lot of users on it, is probably the thing that gives me the most stress or really Jordan the most stress with issues, with things not uploading onto it. Twenty to thirty percent of our listeners suddenly just being deleted off it with no explanation, just problems. So my general thought was, as great as it can be when it works, I don't wanna be messing around and moving our podcast feed across to something where it's their second product, and their first product is not actually always working properly already.
So if you want something that's just really fucking reliable and just works and you can message and get things done and fixed
[00:54:59] Unknown:
immediately, I would say use Pod Home. It's really good. Mhmm. K. Good to know. Next on the list, Spiral Wallet version two point three point one has been released. Minor release, support for hiding amounts via the view menu. We can now see the sign in key stores in the transaction blockchain form for spends from multisig wallets. Some camera support updates for Linux machines, keyboard shortcuts for moving tabs left and right, some bug fixes to do with bit 32 derivation paths in PSPTs as well. So, again, manual release, always pushing forward and and improving that UX. I like the hide in amounts bit. That's something that's been missed for me. So nice to see that got added. Next one on the list, this one was, like, not even on my radar at all. Bitcoin kernel API is now in Bitcoin Core's master branch. What's that? Yeah. I had to get some AI to help me here. Bitcoin Core basically is is now getting, like, a plug in API type thing, or a way for other programs to safely use parts of Bitcoin Core without having to copy or rewrite the exact same code. So, basically, right now, Bitcoin Core's logic is locked inside one big program, but now it has the ability to expose parts of that into smaller chunks so that other apps can use it as well and benefit from all of the eyes that are on that existing code. So it could be good for kind of app developers and protocol developers and stuff like that. Umbrel OS version 1.5 with backups is rolling out today.
So you can now do simple external backups onto external SSDs. You can also have I think they're calling it a a rewind feature. Wow. That was loud. I just started playing their video. That nearly blew my head off. They also have, like, what the what do they call it? A Mac time machine where you can have I think they're calling it rewind, where you can have, like, snapshots, and you can basically restore from a specific point in time, which can obviously be useful, especially if you're doing stuff like lightning and things like that. So, yeah, good to see. I think you can also do cloud stuff as well. I'm just trying to pause the video on the right spot to see if there's a cloud option.
[00:57:10] Unknown:
Umbrel OS, is it still the case that it's all closed source and that you can't run it with Tor? Were they the two problems with it that we had? It doesn't have an open source license. All of the code is public, but it has a
[00:57:24] Unknown:
similar to the commons clause where you can't use it for business purposes. You can't resell the code and fork the code and then use it to form a business and things like that. So it's like the source viewable thing? Yeah. It doesn't meet the open source definition. It's viewable. You can run it over to all, definitely.
[00:57:40] Unknown:
So that's better than I remember it being. I don't know if that has changed, but I thought it was closed source. Technically, yes, it is. But I thought it was that you couldn't actually view the code.
[00:57:50] Unknown:
No. As far as I can remember, it's always been published openly. I don't think it's ever been completely closed source like Black Box.
[00:57:59] Unknown:
Might be wrong there because it's been around for quite a while. But, certainly now, it's developed in the open and and it's kind of the source is viewable. Because it was I think, you know, we've always talked about this. For me, it has been, I don't run it anymore, the most reliable note that I ever ran by far. Not even close. It never broke. The setup was the easiest of anyone that I ever ran, and it it's set up immediately. No problems. Never broke. Unplugged it. Moved house. Plugged it back in. Bang. Just works again. Like, everything was solid. So you have to give respect where it's due. They built I haven't used it for a long time, but certainly was a very, very, very good node
[00:58:39] Unknown:
package thing. Yeah. Tell you how reliable it is. We rag on Raspberry Pis all the time, but my main Lightning node is an umbrella on a Raspberry Pi. Yeah. And has been for a number of years. Like you say, very stable. Mhmm. Yeah. Fair play. That's the end of the updates and releases. Very quick honorable mention to Vibrant for two guides he's put out recently, Ashigaru mobile guide and an Ashigaru terminal guide, both linked in the show notes.
[00:59:07] Unknown:
I had a very quick scan through the Ashigaru guide, and it was very good, very clean, very clear. So definitely check that one out. Sorry for last episode, b t c wrestle. I had to tag on at the end your contribution, but you've let us down this this time around. No updates from b t c wrestle. There is a reason we'll let you off, and I hope all is well. And we send our love, b t c wrestle.
[00:59:33] Unknown:
Wasn't a chainsaw accident up a tree, was it?
[00:59:36] Unknown:
No. It wasn't. No. He's happy and healthy. I think that's everything. No updates on BTW wrestle, but I'm sure he will next time. And have we covered everything? I think we've gone through everything already. We have. Shall we hit the question to sign us all off?
[00:59:50] Unknown:
Let's do it. I'll let you read the first one out, mate. Expatriotic.
[00:59:55] Unknown:
Ashigaru plus Dojo. Been a lot of FUD lately regarding this stack. Might be helpful to dive into the trade offs of using Dojo Bay versus running it yourself. Maybe explain why Ashigaru spending tools matter at all. Good question slash nudge from you, expatriotic.
[01:00:17] Unknown:
What's the FUD that's been floating around? I've not seen this.
[01:00:20] Unknown:
I think there was a load of fud about ex pubs being revealed. There was a bit of, like, disgusting, cunt y, slappable bullshit that I saw from people who were sort of showboating immediately after, samurai's sentencing and basically saying, like, oh, well, the ex pubs are all visible, and they've logged them and this and that and blah blah blah, which obviously is not true. This was only if you were connecting to their node, not if you're running your own Dojo. Right. I think it's just like a bit of fear mongering and just dancing on someone's grave kind of thing. I think that's what he's probably pointing to. And, obviously, then the same goes for Ashigaru.
You can run your own dojo, or you can choose to use one of the options on dojo bay. Dojo bay has people that I trust very much. I'm just trying to have a look now who we've got. Mainnet, Otto, Max Tannehill, Jordan, Razzle Dazzle, Syndicate Systems, BTC wrestles, bottom shelf BTC, yellow, red, Tanto one, Tanto e, ex patriotic,
[01:01:33] Unknown:
and Arthur. Oh, his is our service, actually. But some very trusted people, but, obviously, you can run one yourself as well. So I guess he just wants us to go through the trade offs of using someone else's versus your own. Basically, if you use any Bitcoin wallet, doesn't matter if it's Samura wallet or if it's BlueWallet or Envoy. Like, if you're using a mobile wallet or a desktop wallet and you're not using your own node, then you're using somebody else's node, and that comes with privacy trade offs. Namely, you will be sharing your transaction activity with whoever is running that node. How detrimental that can be to your privacy depends on the the kind of architecture because the entity running the node, if you're connecting over the traditional Internet, might be able to see your IP address. So then they could correlate a rough geographical location with a cluster of addresses. Or on the flip side, you could have, you know, a tool solution where, obviously, your your IP address is masked, but you're still sharing, you know, a specific address cluster that belongs to a specific identity. It gives them a starting point if they wanted to do some chain analysis. So the most private way to interact with any Bitcoin wallet is to do so through your own node, and Ashigaru is no different there. Well, essentially, Ashigaru forces you to choose a node. So they take one of the better sides of the trade off basically where you either have to run your own node or your own Dojo to be specific, which is the node solution for samurai.
Mhmm. Or you are trusting somebody else's like dojobay .pw.
[01:03:02] Unknown:
So the the choice is completely yours by That will be Tor only. It it's not gonna be revealing your IP address. And so you still have that pseudonymity because they know that someone's connected, but they don't know who they are. Presumably, they can see their addresses. They must be able to. Yeah. There's trade offs, but, I mean, it's still a better solution than just joining, like, samurai server. But you can go back in history and go through all the arguments of why that was there. And I think they still stand,
[01:03:33] Unknown:
but the absolute best is to run your own Dojo. And it's easier than ever to run your own Dojo, thanks to Jordan and many others who have worked tirelessly to make that that more simple. To highlight the main three ways to do it, you've got Start9, you've got Umbrel, and you've got kind of standalone Dojo software, which should be a little bit more advanced. Start9 and Umbrel are your go to ways to to get that done. In terms of why the spending tools matter at all, that could be a show in and of itself, essentially. But Ashigaru and Samurai have spending tools that allow you to spend Bitcoin in a way that casts doubt over what's actually happening in the transaction and gives you plausible deniability or or multiple possible interpretations as to what's actually happening for anybody viewing that transaction on a block explorer. Quick highlight, they've got ricochet, which adds additional hops or distance between sender and recipient.
Basically, it just cycles through a list of your own addresses. So it's entirely self custodial, but, yeah, basically just cycles across, I believe, it's four addresses before sending to your desired recipient. That can be good for, I guess, adding distance between you and a, I guess, a a regulated exchange that might look unfavorably at certain behaviors on the blockchain. You've also got stowaway, which is kind of the default spending algorithm within Ashigaru, which basically makes a a fake coin join with your own coins to, again, cast out to anybody that's looking at that transaction as to what's actually happening. Is it one person paying one person? Is it two paying two? Etcetera, etcetera. And then they also have the the Soroban network, which is a tool based communications network that allows Ashigaru wallets to communicate via the PayNim protocol using usernames so that you can do either a Stonewall x two or a Stowaway. A Stowaway transaction is when you're a an Ashigaru user that wants to pay another Ashigaru user.
Under the hood, what the framework allows for is to create a pay join, essentially. So you're paying from Alice to Bob, but Bob is, as the recipient, is contributing at least one input to that transaction to combat the common input ownership heuristic that is the kind of basis for all chain analysis on the Bitcoin network. And then the Stonewall x two is very similar, but instead of Alice paying Bob and both of them being Ashigari users, it would be Alice and Bob, both Ashigari users, coming together to pay Charlie, a third party user who just has a Bitcoin address. Doesn't matter where it's coming from. In the Stonewall x two scenario, Alice and Bob, as Ashigari users, will pool their UTXOs in such a way that, again, provides multiple interpretations as to what's actually happening and to kind of merge those wallet clusters somewhat to, again, there's no way to put it. I keep repeating myself, but to cast DAO or to provide multiple interpretations as to what's actually happening when, who is paying who and, how many UTXOs
[01:06:30] Unknown:
are are involved. Very good. Yeah. Incredibly powerful with our spending tools. If you are using on chain for spending, I think we've talked about this a lot. Like, I use Monero a lot, and I use Lightning a lot. But if you are gonna do on chain spending,
[01:06:44] Unknown:
consider learning about these tools and having a play. Agreed. Alright. Next question comes from Marcellus on Nosta. Why on earth an update to the Bitcoin protocol that can freeze coins by disabling opcodes can be considered a soft fork? This made me think this one. So what Marcellus is referring to is obviously bit four four four from Luke and Co. Mhmm. There was an I believe an unintended consequences to part of the restrictions that they're mentioning where certain complex Taproot scripts would be essentially frozen while this soft fork was active, meaning that certain users that were using these scripts think of things like mini scripts, like with Anchor Watch, I believe some of their stuff might be affected. I believe I've seen that on Twitter.
If bit four forty four was activated and became the majority, then those users under its current guys would be kind of prevented from spending their funds, presumably because of the catch all spam reduction impetus that Bit forty four has set out to achieve. Obviously, not great and has been met with much backlash for obvious reasons. You know, you can't just go around freezing people's coins with the idea to stop or spam on the network. That's a no go for most people, and I truly believe it. It probably is an unintended consequence, and they didn't realize that it would do that. Mhmm. There has been backlash to that. I have no idea whether they've taken a step back to relax some of the rules now that they've understood it. I'm not sure. Although I believe that that would still be considered a soft fork and the hard fork or the chain split comes in, that's more dependent on what happens at the mining level and the node adoption level rather than the fact that coins are frozen because some opcode has been disabled, essentially. So it does seem weird, but, yes, it could cause a coin split, but only if we have a split in hash power, some mining bit 44 compatible blocks, and others, I guess, mining the the current Bitcoin or what we consider to be the current Bitcoin blocks with those locked funds. If they were to be spent and mined by a miner, that would cause a chain split if bit four forty four was activated, which would obviously be undesirable outcome. And then the last one on the list comes from Corey San Diego over on Nostra again, and he said, have you got any Bitcoin recovery success stories? What went wrong, and how did you fix it, and were there any lessons learned? What about you, Max? I'll let you go first. I actually had one recently. I forgot a passphrase.
[01:09:04] Unknown:
Genuinely couldn't remember it for, like, three days, and I had, like, enough that it would have really been a problem. And it was just something that I was testing a wallet and hadn't written things down, like, in the move and all that kind of stuff. And one of those, like, I'll definitely remember that. So I guess the warning or the lesson learned is don't ever trust just your brain and your memory no matter how much you think. Oh, I'll definitely remember that. Like, yeah. Yeah. Yeah. Yeah. That's gonna be fine. That's not really a problem. It might well be a problem. The way I fixed it was I just locked myself in a dark and quiet place for, like, two hours. I literally just sat for, like, two hours in darkness and quiet and just tried not to think of anything else, and it did just come to me.
But I could have easily lost enough that I would have had a real, real issue. That's my lesson learned. Were you sat there with a specific tool or wallet app, and you would just type in a different passphrases? Or Yeah. Was it literally just sit there until you can remember it? It would sit there till I can remember it because I'd sat for ages like, oh, I'm sure it's this. No. It's not. Did I have a, you know, a a capital letter, or was there a number? No. What then maybe it was this one. I tried everything. I was like, fuck. I've lost this now. I'm fucked. And I knew I hadn't written it down because I remember at the time doing it in a rush because I was, like, just testing it. I was like, oh, just, you know, whatever.
And then didn't write it down because of in the move. I don't have all my stuff I would normally have. Normally, I stamp it. Still haven't done that. And I just thought, I'll remember this, and I fucking couldn't. Like, for days and days, I was like, oh, I've really, really made a mistake. Like, from all these years of messing around, this is a first, and it was recently. And, yeah, then I just locked myself in a dark room for a couple of hours. Just sat there and just didn't bring a phone, didn't bring anything, just, like, sat. I was just like, you have to fucking work this out. And it came to me, but it easily could not have. There's a lesson always have a backup of a backup, and don't ever trust your memory. Yeah. Definitely. I've
[01:11:01] Unknown:
helped a few people. The most common ones are passphrase related. Generally speaking, they will have made a typo when they first set the passphrase wallet up and not done the necessary testing and, you know, spend a small bit in checking and send it back out, etcetera. And they've then filled the wallet up, gone to spend, you know, a year or two later. Let's say they thought their passphrase was 123ABC, and in actual fact, when they set it up, they did 1223ABC or something like that, just one character out. They've had a bit of a shock when the hardware wallet refused to sign the transaction because none of the keys were involved. I've helped a couple of people there where they've had to do something similar as Umax, but they only had one passphrase, so they knew roughly what it was. It transpired that there was clearly a typo in there somewhere because their hardware wallet wouldn't sign for it. So I worked with them to kind of just try different iterations of that until they could do it, essentially. I guess a bit of a self shell, although it's not really a shield because I don't make any money from this sort of stuff.
Bitcoin.guide/seed. If you ever find yourself in a similar position to that, download that tool offline onto an Airgap computer or an offline device. And if you find yourself in a similar scenario where you've only got one passphrase and you wanna quickly iterate through different combination of the passphrase to quickly see the output, the output might be an address that you know it you sent to from the wallet that you've locked yourself out of, the fingerprint or both, you can quickly rather than try and do that on a on a hardware wallet, which generally speaking will take you much longer to type in and and check the resulting fingerprint or address, this tool, the passphrase tester, is literally built for this scenario where you have your seed words loaded into it, and then there's just a text box and you can use a rapid keyboard to just type in different iterations. And in a split second with any different passphrase, you'll see the resulting addresses, you'll see the resulting fingerprint, and you can quickly just tick off all these different iterations.
Again, to be very clear, this is just a simple HTML file that you can absolutely should, if you're doing it with real funds, do it on an offline device. But it is a great way that you can quickly iterate through so that you can kind of get yourself out of that panic situation as quickly as possible. Very powerful tool if you know what you're doing. Yeah. We'll definitely, definitely use it. There's an online version at bitconer.guide/seeds, so you can just go and throw some random seed words in them and practice so that you know what the hell I've just been talking about. But if you're gonna do it for real, please do it on an offline machine. And then I did have another really random one. When I saw your question come through, Corey, I've been racking my brains trying to remember the details of this, and, unfortunately, I can't. I might have to go back through my Telegram chat and stuff, and I'll follow-up with you. But I had one guy reach out to me a couple of years ago, and he'd done something really weird with random script types or something like that. And, basically, again, he was trying to broadcast the transaction. I think it was from Sparrow, and there was a problem with the formatting or problem with some of the bytes in the PSBT or something like that. And I I can't remember how he got himself into this mess. And I remember spending quite a long time researching what the problem was, and it was like this guy had somehow locked himself out to the tune of, you know, over a full coin.
Yeah. He was in a pretty desperate state. I'm desperately trying to remember the details here, but I can remember, like, manually editing the transaction information byte by byte somehow. I would never know how to do it again without going through all that research again. Mhmm. Eventually, he was able to successfully sign and broadcast the transaction. Yeah. That's right. When he was trying to broadcast it, it was being rejected by the network for a formatting issue or something like that. Mhmm. Corey, I'll I'll have to check through my Telegram history to see if it's still there to see what I actually did to fix it. That was, over the course of a couple of days. But, yeah, I'll try and remember how he got himself into that mess. I can't remember what sign in device he was using or anything, but the network was rejecting it for some reason, and it was to do with a formatting issue. I think he tried to get fancy maybe changing derivation paths after he connected a hardware wallet or something stupid like that. He'd done something nonstandard anyway. Keep it simple? Yeah. Yeah. So lessons learned. Keep it simple. Don't go changing. All these wallets like Envoy, Cake, Umbra, Sparrow, Nunchuk, they have defaults for a reason. Like, unless you really, really know what you're doing, just leave all the fancy buttons well alone. Yes. Yes.
That brings us to the end of the list, mate. None of the questions. Thanks ex Patriotic, Marcellus, and Corey for for getting involved and answering the call for questions. Really appreciate it, and thanks again to all of the boosters for, sending us some stats.
[01:15:27] Unknown:
Yeah. Thanks, guys, and we will catch you on the next one. Thanks, mate. See you later. Before you go,
[01:15:33] Unknown:
mineinbox.i0 help keep your online presence hidden. They provide anonymous server hosting solutions, virtual private and dedicated servers, domain registration, and DNS parking. They don't require any of your personal information, and you can purchase using Bitcoin, Lightning, or Monero. No personal information required. None. Zero. Mine in box.io. Stay. Ungovernable.
Bitcoin is close to becoming worthless.
[00:00:11] Unknown:
Bitcoin. Now what's the Bitcoin? Bitcoin's like rat poison. Yeah. Oh. The greatest scam in history. Let's get it.
[00:00:27] Unknown:
Bitcoin will go to fucking zero.
[00:00:42] Unknown:
Welcome back to The Bitcoin Brief, the show where me and q and a catch up every two weeks to talk about Bitcoin, privacy, open source, keeping your Bitcoin secure, and the news and software updates that matter. I just wanted to say a massive thank you to everyone who's been supporting Ungovernable Misfits and a big thank you to Foundation Devices for supporting the show. If you haven't already checked them out, go to foundation.x,xyz. They make cypherpunk tools for fuckwits, and anyone can use this, even me. If you have any questions or you want to reach out, feel free, and I'll be happy to go through things with you. For anything super technical, I'll pass you on to q. If you wanna buy one of these incredible passports, use the code ungovernable.
It will get you a discount, and it will let them know that I'm shilling. I'd also like to say a huge thank you to the k Wallet team. Not only are they supporting this show, but they're also bringing out some incredible features. For those of you who actually use Bitcoin and actually care about their privacy and security, Cake Wallet make it incredibly simple for you to live outside of the traditional financial system. You can use Cake Pay within the app to buy gift cards for food, petrol, and whatever else you might need day to day. You can use silent payments, and, of course, you can use Monero.
You can connect both Bitcoin and Monero nodes, use coin control, and this team are constantly innovating. And I'm really excited to be working with them. If you have any questions, you can reach out to me, but check them out at cakewallet.com. Download the APK or start using this today on Mac, Windows, Linux, iPhone, or of course your Android device. Enjoy the show.
[00:02:45] Unknown:
How's it going, mate? I think I did Spanish, and you did Italian there. Yeah. I forgot we were doing this, and I didn't come prepared. Oui oui. That was all I had off the cuff.
[00:02:55] Unknown:
Damn. Monge too.
[00:02:58] Unknown:
Rodney. That's one for the Brits. How are you, mate? I'm well. I'm well. A wholesome weekend. Went to watch the fireworks with the family on Saturday night. Had a couple of a couple of beverages. Nice. Did some minor DIY shit, just building side tables that the wife had bought. Okay. Nothing too exciting. Just earning some brownie points as you know. But, yeah. When you say building side tables, am I to assume this is IKEA? It's like flat pack. Yeah. It wasn't IKEA, but it was definitely flat pack. I'm not the guy if you need a a table honing out of an oak tree. That's not me. That's not my bag. I can help you run a node, but I can't build you a table from scratch. I was gonna say, you're the wizard with anything techie,
[00:03:40] Unknown:
and I would call you for that. But, actually, the tables turn with that kind of stuff. You might call me for the more practical stuff if we were more local. Yes. Bit of tiling. Yeah. Absolutely. Putting up shelves, all that. We've got a similar sort of balance within the family as well. Like, I'm like a unofficial tech support for basically everybody. Everyone.
[00:03:59] Unknown:
My brother-in-law, he's like the polar opposite. He's, like, got his own Groundworks company, and he he'll turn his hand to anything he's got. If you need a tool, like, he's got it. Like, he's. Yeah. So we kinda bounce off each other. Like, he's unofficial manual labor for the whole family. Do anything or fix anything, and then I'm unofficial tech support. I love it. Whenever you're
[00:04:17] Unknown:
in a family and friendship group and they learn something like that, you suddenly get hounded. Like, I always used to have it for having fans. It was like, hey. You've got a van, haven't you? And then I'd be like, yeah. What do you need moving? He'd be like, well, we're moving a house. And he was like, fuck's sake.
[00:04:37] Unknown:
It's just one of those, isn't it? Can can you just
[00:04:40] Unknown:
Yeah. Can you just we've got to pick something up from Northampton. You know? Oh, yeah. Okay.
[00:04:46] Unknown:
Yeah. Let me write off my weekend just for you just because I own a van. Yeah. I feel your pain.
[00:04:52] Unknown:
Yeah. What else is going on outside of our, personal shit ban? Have we got any Bitcoin stuff to cover?
[00:05:01] Unknown:
Pretty packed list this time around. Looking forward to diving in. Couple of bits of AOB for me would be since we last recorded, Zach shared Prime update, including a walk through of the entire onboarding process. Pretty, insightful video actually for those of you who are waiting on Prime. So link will be, of course, be in the show notes where you can see all the details. And also next weekend, I will be heading over to Bitfest in Manchester. Can't believe how quickly that's come around, but, yeah, that is next weekend. So looking forward to that one, actually. There's more people that I know are going than I first anticipated. So, yeah, it should be a good one. It's a pity you're no longer in the People's Republic Of
[00:05:40] Unknown:
Keir Starmer. It would have been good for us to meet up. Is it, though? Yeah. It would be, mate. It would be. Make sure if you are going to use
[00:05:47] Unknown:
code q and a 10 because Q's gotta pay his bills. He earns quite a lot of money out of every referral that he gets there. That's what he does it for. Oh, well, I'm glad you reminded the folks of that because I've got it listed in my notes about Bitfest, and, obviously, I just mentioned it, but I completely failed to mention the the shield code that Nathan gave me. So you just saved me a DM there, actually. But, yeah, just to be perfectly clear, Max is lying. I don't earn anything, out of that code. So use it or don't use it. But if you want a discount, go for it. Yeah. But, But, say, yeah, looking forward to that one. Yeah. That's about it for AOB for me, mate. What what about you in in your work slash personal life? Anything anything exciting going on? You broken anything lately? No. I nearly broke my leg the other day, though. I nearly fell out of a tree.
[00:06:29] Unknown:
And a gun will be very, very pleased with me. Tell a story. Why were you up a tree? Obviously moved. I've been using a chainsaw for therapy. I've been a bit stressed lately. And so Okay. I was like, there's a load of stuff that needs clearing where I am, and I wanted a better view. So I bought a chainsaw. I've never fucking used one before, but I just thought, I'll be alright. And I've just been getting more and more comfortable with it and started jumping and climbing up trees to saw some limbs off and bits and pieces, the tree limbs, not my own. And done, like, four or five days of it. I've got massive piles of timber everywhere. And we have these ants fucking everywhere as I'm climbing, and there's you've got a certain amount of time between starting to climb and being completely covered with these cunts, and they bite.
So I was up there, and I just really there was, like, a bit of dead wood up there where they were all obviously, like, in. And as soon as I knocked against it and was trying to take something out, they just fucking swarmed and covered me. And in my sort of, like, trying to just get the cunts off me, nearly fell off the fell out the tree. Just managed to luckily, I'm incredibly strong and, amazing reflexes. So I managed to, like a monkey, just grab onto one of the, branches and just hold myself and then pull myself back up. But, yeah, bit scary, it was. Because, presumably, you'll have all of the necessary safety gear on. Right? Of course. Face mask, scaffolding. Yeah. Yes. Yes, Ben. If you're listening, I did all the safety protocols. I did my risk assessment. He loves a risk assessment.
No. In truth, I was actually up there in my boxes with no ropes, nothing, just going for it. So I'm I'm sorry, Ben.
[00:08:14] Unknown:
Controversial question. Electric or petrol chainsaw?
[00:08:17] Unknown:
I actually do everything electric because I like to have one platform. I like to have everything to wall, and then I just have Okay. I either have the flexi volt 60 volt batteries that work in the twenties and the sixties for all the more powerful stuff. And And then I have the 20 volt ones for all, like, the smaller frills and multi tools and stuff like that. And then I just know anywhere I go, anything I do, I just bring my box of batteries, and it does everything. And I don't have to fuck around and mess around with, like, mixing petrol and doing all the stuff and servicing things. And it's just Not quite as manly, though, is it? It's definitely not as manly, but it's quiet, so you can do it any any time of day.
I find it to be pretty reliable. And then you also don't have to do all the bullshit servicing and and also, like, petrol with kids around isn't great. Yeah. And a spinning blade. Yeah. It's not great. So so I use the electric. But, also, like, if I was gonna do it as a job, if I was Ben,
[00:09:19] Unknown:
he would be, like, spewing hearing that. Yes. When you said DEWALT, I almost winced a little bit because I know quite a few of my mates are tradies, and they all Yeah. If they heard this, they would be mocking that you used Dewalt. Really? Obviously, me, I I I'm none the wiser, and I, you know, I wouldn't be able to sell a different spot yet. Dewalt is apparently They use Ryobi, do they? Is it? Well, no. That's even shitter, isn't it? I've got a Ryobi drill. It's fucking terrible.
[00:09:41] Unknown:
What do they use out of interest? What's their, preferred? Milwaukee seems to be the popular one. Oh, it's so gay and American. It's so gay.
[00:09:50] Unknown:
The way I see it, again, not a tradie, so I'm I'm almost certainly gonna offend some people here. Yeah. But, it seems like the Audi of the tool world No. Where it's like it's really good. It's the Fiat 500 Cabriolet. So I was going down the path of, you know, it does a really good job. It's very expensive. Then kind of once you're in the club, you're probably never gonna leave. Yeah. Maybe. Also, maybe a little bit gay.
[00:10:15] Unknown:
It's definitely gay. It's weird because everyone I know who's in the trade down south, they use either Dewalt or Makita. And it's like, there's always the bachelor too, but no one fucks around with Ryobi. That's, like, definitely gay. Yeah. Like, you're asking to get your leg chopped off there. Yeah. And Milwaukee, the same. It was like, that's definitely gay. Interesting. Interesting. There we are. Maybe there's an a North South, like, tradey divide where maybe that's how you know where a tradesman's from.
[00:10:40] Unknown:
Yeah. That's that's probably true. Probably lives South Of Watford.
[00:10:46] Unknown:
That's probably true. But, yeah, that's that's all my business. Nothing else really other than Bitcoin land stuff, which we're gonna jump into now. Yeah. Part of climbing up the trees and doing all this is just to quieten the mind and to stop myself from being frustrated or angry.
[00:11:03] Unknown:
Good. Best way to, get some therapy that with a spinning blade. I like it. Yes. Before we dive into the list, you talking about climbing up trees made me think of John. And I just wanted to give another shout out to the absolute master class that he gave in about nine minutes flat on last week's Freedom Set Friday. Oh, yeah. That was absolutely sensational. I I I shouldn't be surprised because I listen to all of the show, all the minor shows that you guys do. Like, I know what it's about, but, obviously, this was a a little bit of a different topic, for those of you that didn't listen to it. We're talking about FreedomTech for families and for kids. John just swooped in, like, ten minutes before the end and just, like, gave this sermon essentially and just knocked me out of the fucking park. It was quite a I was gonna say it was a sight to behold, but, obviously well, we could see him, actually. So, yeah, it was a sight to the whole
[00:11:47] Unknown:
It was. Yeah. It was a master class, and I do genuinely ask John quite a lot of questions when it comes to, like, family stuff, you know, what to do with the kids and stuff like that. Like, he's been through it. His kids are older, and he's a good dad. He knows his stuff. So, yeah, if you missed it, definitely have a listen to that one. It's on the feed now. Also, starting to look more and more like Santa every day. Like, is that just a Christmas look? Or No. He's really gone in on the sort of Monopoly Man vibe. Yeah. Monopoly Man? Sort of Monopoly Man that does a few pull ups. That's kind of the vibe he's gone for. Like a like an ex marine that can fuck you up, but he does it in a jolly way.
[00:12:30] Unknown:
Okay. Okay. Yeah. Like, he'll punch you in the face, and you'll thank him for it. That's John. Love you, John. Yep. Love you. Love you, mate. Alright, mate. Let's hit the news. Unfortunately, we are starting with a very somber note. We touched on it briefly on Friday because it's when the news came out. But regular listeners to the show will know that we have and remain to be, you know, huge fans of the the samurai wallet ecosystem and what those guys created. And over the course of the last god, how long has it been dragging on for now? Basically, they've been dragged through the legal system after their initial arrest. Could be, like, a year and a half or something? Yeah. Something like that. Or for one of the developers, Keone Rodriguez, it came to a head on last Friday where he had his sentencing.
And, basically, the judge, Denise Coates, basically threw the book at him, gave him the maximum sentence. So he got five years in prison, a $250,000 fine, which is basically just the the maximum prison sentence the judge could have supplied there. He has no right to appeal because he took a plea deal at their previous hearing. In hindsight, seeing how harsh the sentencing was, that seems like it was probably a very sensible decision for them to make. And I know that sounds very weird or could sound like a weird thing to say really, but, you know, I'm a firm believer that looking up what the judge has done here, like, they could have got potentially the maximum sentence if they were found guilty and it went all the way to to trial. I think, yeah, what you're saying is
[00:13:56] Unknown:
they've looked at the situation and said, like, you know, is this really a fair trial? Is it going to be a fair trial like it's supposed to be? And the answer is no. They are very, very smart guys, and I think as disgusting and wrong as everything is, it's better than twenty five years. So in hindsight I mean, I was shocked when they took a deal, to be honest. At the beginning, I was like, fuck. I didn't see that coming, but it maybe it makes a bit more sense now.
[00:14:24] Unknown:
Yeah. It seems like it was a sensible decision. He's still gonna have, you know, a large proportion of the rest of his life when all is said and done to spend as a free man after the five years. Obviously, it'll be slightly less than five years because I believe the time that's been spent under house arrest, which will be well over a year at this point, will count towards that. So I guess you could say it's only four years from now where he's gonna be behind bars. Isn't there an extra year and a half or two years afterwards where it's like parole or some sort of bullshit as well? Yeah. So there are other stipulations afterwards. I'm just scanning down the rage article to try and find those details. Obviously, that will be linked in the show notes for those that wanna read the the full ins and outs. Yeah. In addition to the sixty month sentence and a $250,000 punitive fine, Rodriguez will be on supervised release for three years following his prison stint.
Twenty percent of his gross income will be garnished towards the fine after his release as well $25 a month or up to 50% of any income earned in federal prison work programs.
[00:15:23] Unknown:
Federal prison work programs. It's so fucked up. It really without going on a huge rant, it's just massive injustice. And we all kinda know that and especially in the privacy circles that there's something that we're fighting against and that these people are fucking disgusting and hate people having freedom. But these are guys who followed the rules technically. They wrote an open letter. They did everything that they could. They were out in the open. They were developing software. They never handled any of their money. They wrote the code, and it's to see somebody who has been so just hugely important to the culture of ungovernable misfits and everything that we do from the very beginning, like people that we looked up to, people that didn't yield, didn't go along with all the bullshit. They were here for freedom to see this happen to them. People I consider real people to look up to for this to happen to them is a real massive, massive slap in the face. It really reminds us why we're here and reminds us not just to nod along and to go along with all the fucking stupid bullshit that you see on Bitcoin Twitter and actually stick to the principles that they laid out.
[00:16:40] Unknown:
Yeah. Absolutely. It's a big, big black pill moment for me last Friday. I'm still feeling pretty dejected about the whole space, and I guess the potential implications this could have in the future. I certainly wouldn't wanna be a an open source developer developing privacy tools at the moment. It just seems like people are just looking to make a scapegoat of you. Bad as all this seems, it just gets even worse when you if you take a step back and consider all of the tertiary stuff that's kind of gone on around this. Like, we've mentioned many times that they were following the Vincent guidance that they didn't need to register to be a money transmitter. You've got the Blanche memo from earlier this year that literally stated that it was no longer gonna prosecute developers for writing code. And yet here we are today talking about somebody being thrown behind bars for the next four or five years for doing what we thought was following the guidelines. It very much seems like the judges wanted to make an example here. And I'll be honest, it doesn't make me very confident about how the sentencing is gonna go for Bill or for Roman Storm as well in the tornado cash case, because obviously he's got his appeal on. I'm not sure on the timeline for that one. If this is anything to go by, it feels like it's gonna be a rough couple of months. I believe Bill's sentencing has been pushed back to the nineteenth of of November. So by the next time we go, we should have some news on that one as well. I'm not sure why it got pushed back, but, yeah, it's not currently taking place. For Keone, he's currently been released back to his home, and he's got a surrender to prison on or before December 19.
[00:18:08] Unknown:
Cunts. Absolute cunts.
[00:18:11] Unknown:
Yeah. So, I mean, there's not really a lot else to say other than, you know, thoughts and prayers are are with both of the guys, their friends, and their family, and just hope they can stay strong and, you know, just get through it and then move on with the rest of their life once and put all this horrible shit behind them. Well, at the earliest opportunity. And as always, shout out to the rage, to Lola, and to David, and also to Frank Corver at Bitcoin Mag as well for doing stellar work in terms of covering this from start to finish. Just one more point I wanted to say on that before we move on. There's not no hope. There is obviously potentially
[00:18:45] Unknown:
the option for a pardon. I don't know how likely that could possibly be, but I think it's important not to, like, look at this topic and just say, okay. That's done. That's extremely sad and frustrating and all the other things that go along with it, but it's important to not give up on it because I never thought Ross would get out. I never thought that would happen. Mhmm. Me too. If you'd have asked me, what percentage chance is there that, like, Ross ever gets out? I'd be like, half of 1%. Like, that was maybe how confident I would have been. So it's happened. You know, Roger's walking free. Ross is maybe with enough media coverage. And maybe if we don't give up and maybe if if everyone keeps trying,
[00:19:24] Unknown:
something can happen because at the end of the day, these guys have done nothing wrong. Yep. Completely agree. I've seen a lot of people have started to get behind this, and I hope it's a an initiative that continues to to gain prominence and recognition. People have already started tagging Trump on Twitter and things. So at this point, like, it seems to be the only avenue that we've got left. So I wouldn't say I was hopeful given where we are in terms of, you know, Trump's not incentivized to do this anymore. He's already got but won the seat in the White House. He doesn't need to impress any more libertarians, does he? And I don't think he can run again after this, can he? I believe not. No. Not without breaking any laws.
[00:19:59] Unknown:
No. So unlikely, but so was FreeRoss. And so just let's not give up on these guys because they were pretty much the only people who were willing to stand up and fight and build these tools and put their necks on the line, and they knew what was at stake. And they didn't have to fucking do it. This was for more than just, like, running a business and money. This was a principles thing, so let's not give up on them. 100%.
[00:20:24] Unknown:
Yep. Alright. Moving on. Lots of controversy mainly on Twitter for the last week or so around the lava lending platform. Don't know whether you've seen much of this, Max, or whether you've been keeping up to speed on it before I dive in. Yeah. I've I've moved all my post mix into it and, been yielding and yamming and all that sort of stuff. It's,
[00:20:45] Unknown:
it's great. You should do it. I've got a an offer code if you want me to send it. Nice. I'll I'll take that as a as a no. I haven't. That's that's me being a twat. I've seen a couple of bits and pieces. I think, basically, it's like a a lending platform thing where you can borrow maybe at, like, 5% I saw knocking around, which is, like, way, way, way better than a lot of these other options that I've seen. I don't know anything about mechanics. I just have seen that people have been saying, like, this doesn't look good. So that that's literally all I know. Yeah. So it's the mechanics of it are coming under scrutiny.
[00:21:25] Unknown:
So in the last month or so, they've done a a large raise. I believe they raised, like, 200,000,000 or something like that. I know a couple of people who have basically used this. And up until very recently, they've basically marketed themselves as a DLC, noncustodial lending platform where you kind of lock your Bitcoin up in a multisig, and you can borrow against it, get dollars. It had, you know, favorable rates and even more favorable in recent terms when they kind of done this rebrand where their marketing, like, 5% flat plus another 2% something else seems to be very competitive compared with the the rest of them that seem to be anywhere between, like, 1015%. The controversy arose when they essentially pushed an update recently where they essentially moved from a noncustodial or DLC, which is discrete log contract, by the way, where it's like a shared multisig and you have an oracle and, you know, all that sort of fancy stuff, where they basically forced an update where, basically, you couldn't use the app until you accepted to move your loan to the new platform, essentially, where within the app itself, it didn't really give you much information other than basically you can't move the app until you press the button below and you accept that you're gonna move to the new setup, which it turns out is an entirely custodial solution where they control all of the funds, which then means that they can go and do all of the horrible stuff potentially like rehypothecation, etcetera, etcetera.
Potentially is the keyword there just before I get a lawsuit after me. But the nature here is that they've moved without what most users are deeming to be proper notification to an entirely custodial model, and that has understandably kind of garnered a lot of attention. And what's even stranger, unfortunately, is that rather than kind of owning it and say, look, you know, maybe we didn't communicate this well, their I believe it's their CEO on Twitter has been kind of just dancing around it and just using one of the guys I know basically said he's just been responding with corpo slop, which I thought was a great way to do it.
He's just, like, dancing around and, like, pontificating over what does custodial actually mean instead of just answering the question and being Yeah. Yeah. Yeah. Honest with your user. Like, if you use a custodial model, you know, you're probably doing that to make your life as the lender easier. Fine. Just own it. Like, don't try and hide it. Yeah. It it just seems, yeah, a very strange move. It seems to have coincided with the the recent raise that they've had. I guess to play devil's advocate, the people I know that have tried this have said that the user experience is second to none. You can do really small loans to test it out first. It's almost instant. But the way that they've handled this in the last couple of weeks seems to be pretty shady with almost a forced upgrade without proper communication.
So I'm not saying that the people behind this are malicious. Perhaps they've just kind of bungle this upgrade and just have communicated poorly. I'd like to think that that was the answer to this. But the reason I bring it up other than to warn people to, you know, just take a step back if you do have a loan with them and just reconsider would just be I guess it harks back to kind of open source software and not just having auto updates on for your apps and things like that. And sometimes as boring as it is, it makes sense to read the small print and to read the terms and conditions, especially when your Bitcoin is involved. So Yeah. Yeah. Then if you have any takes on that one, mate. Just that I'm old enough and ugly enough
[00:24:42] Unknown:
to know and been around long enough to know that this stuff normally doesn't end well. Normally, when there's a bit of concern and there's someone else holding someone's Bitcoin and there's a loan
[00:24:56] Unknown:
and an agreement that seems to be much better than everything else that's offered on the market, it does not end well. So I could be wrong. It's just that is what history has shown me. Yeah. And just a final caveat to this. Obviously, I'm not a lava customer. I've seen screenshots of the update that was provided in app, which for me doesn't give enough context as to what's actually happening in terms of the changing of custody. But not being a customer, I I have no idea whether there was email sent out that people are failing to read small print of or whatever. But, yeah, it's not looking good. I've seen multiple fairly respected people pointing their finger here to be like, you know, this is not okay the way you've handled this and maybe you need to own it. Okay. Alright. Next on the list. On last week I'm gonna say last week. It's two weeks ago. We talked about I was gonna call it Luke Dash's fork, but, allegedly, he put a mask on when he made the pull request and did it under a nim.
And it was actually made by somebody else. But bit four four four, the the soft fork proposal that all of the knots crowd are throwing themselves behind is still in proposal stage. It's been met by much scrutiny over the course of the last couple of weeks. We went into the ins and outs of the changes on the last show. So if you're interested in that, check it out. Rob Hamilton of Anchor Watch Prolific, Devon, all around great shit poster on Twitter and Monster. He's open sourced an on chain bit $4.04 4 futures contract. The TLDR here basically is that he has made basically, it uses Taproot scripts and multisig so that somebody can go into a bet with him or, you know, you can create your own here because he's open sourced it where basically you could lock up some funds in a two of two multisig. Let's say you could do 1 Bitcoin each or whatever with your counterparty.
Because it's using the magic differences between bit four four four and the restrictions within that op returns and things like that, the bet would be paid out depending on how you construct it. So if bit four four four becomes active, then only that spending path that is compatible with bit four four four, I e, the nots proponent, would win the bet, and they can claim all of the funds. And then the flip side is also true as well is that if it never activates after the time lock expires I don't know when he set this, how long it's for. But, basically, if bit 444 doesn't activate, then the person who's backing that side of the bet cannot access their funds, and they can be taken by the, I guess, the the pro core side of the bet. Does that make sense?
[00:27:17] Unknown:
Not really. It probably does.
[00:27:20] Unknown:
It's basically a betting market, but there's no central oracle. It's just using Bitcoin script and the fact of the differences between Bitcoin as it is now and Bitcoin as it might be if bit $4.04 4 was activated. As the bird. Exactly. And so it's all enforced on chain. You can verify all the scripts if you're a nerd, and, you know, you don't need the central oracle. The Bitcoin network literally decides by basically saying which chain tip is the highest at this date, and then you'll be able to take all of the funds depending on which side of the bet you live on. Right. Right. Right. Right. Okay. I got you. Pretty nice. I saw it was a pretty cool way to do it. Obviously, I I ain't gonna be doing any, but it could be a a good way to steal some sats from some people for on the knot side.
Yeah. And speaking of betting on bit $4.04 4, next news item, there's a a new marketplace come out. Well, I say new. New to me anyway, called predicts,predyx,.com.
[00:28:18] Unknown:
Which is a Transvestite. So
[00:28:23] Unknown:
Nice. I like it. It's basically a prediction market. I believe it's powered by Bitcoin. Yeah. You can definitely buy in Bitcoin. I don't know whether there's all the cryptocurrencies available, but Rob Hamilton has started a prediction market for, will the reduced data temporary soft fork, I. E. Bit four four four, be consensus enforced on the most work Bitcoin chains hit by 03/01/2026. There's been 255 people that have taken this bet, totaling at the moment a measly 6,010,000 sats. And the likelihood, according to those 255 people, is the the likelihood of success for bit four four four by the 03/01/2026 is a whopping 2.59%.
That's pretty big. So the market's not confident, Max. Not at all. The current odds essentially, if you were to buy a 100 shares, I'm not sure how much a share is. If the bet wins, you will do a 2400% increase on your funds. So if you wanna back Luke and Co, there's some potentially a lot of sats to be earned there. There is. Okay. Unfortunately, the rest of the market doesn't agree with you. So if you'd like to set fire to your sats, just send them to me instead. Will you throw some sats at this or just observe? I'm just gonna observe. Like, the odds on the other side are just almost not worth it, are they? Not worth it? No.
[00:29:51] Unknown:
I don't think so. I don't really feel like I ever wanna bet at the moment either. I used to bet heavily when I was younger, like, really, really love betting. And ever since being involved in Bitcoin, just like don't ever feel like you need to. Do you know what I mean? Like, you sort of scratch that itch. It's like, oh, we just had a 15% swing or 20% swing or whatever, and you're like Yeah. It's every day is a bet. Every day is like you're living through that, the ups and downs. And then the years of doing it, you become dead to it. Like, I can literally just, like, look at my phone and just go, I'm this means nothing to me now. I'm so dead to the, like, fear and the excitement. Like, just it means nothing that I think if I had to go into a casino or go and bet on horses again, the stakes would have to be so high, not 2.6%
[00:30:37] Unknown:
or whatever you just said. Like, the the stakes have gotta be really high for me to get excited, and therefore, I would just watch this from the sidelines as well. Yeah. I'm exactly the same. Prime example was we have a a big horse race in The UK that kind of everybody gets behind once a year called the Grand National. Yep. And that was on earliest well, it's quite it's on quite early in the year, but I distinctly remember looking at the the odds on the favorite this year, and it was like One to 16 or something stupid. So something stupid like that. It was actually no. It was bigger odds than that. It was something like I worked out that if I put 10 on, I was gonna get, like, 16 back. And I was just like like you said, you just become completely desensitized, especially when you got, like, 90% of your net worth in Bitcoin. And, you know, you see the wild days where it's, like, 20% in one direction and everything else just seems entirely boring, doesn't it? Yes. It does. Yeah. I'm gonna keep tabs on this one, but, it it ain't looking good for the market back in this soft fork, unfortunately. We've also had, I believe, at least two of the big mining pools already come out to say, yeah. No fucking chance we're not getting behind this. So What about Ocean? What are they saying? I haven't seen any public statements, but given who works there, I think it's fair to say that Which side they'll be on. Which side they'll be on. But they also allow miners to complete their own block templates, don't they? So I'm thinking Mhmm. Could they enforce that? Yeah. I don't know. We'll find out. John, I'll know.
Yeah. They still have the opportunity to reject the successful block, don't they, if it doesn't meet their purity tests. But, yeah, maybe that's one for for John to answer. Yeah. Alright. Next on the list. Just a quick honorable mention, really. Last time, we spoke about the cool new bit proposal from the Bitkey team around privatizing collaborative custody solutions, where basically they'd come up with a I think they're calling it chain code delegation. Again, the TLDR for those that you that missed the last show was that if you use a collaborative custody solution that adopts this chain code delegation, they do not learn anything about your multisig setup, I. E. They don't see your balances, they don't see your addresses, they can't spy on where your funds go to or come from, assuming that you're not using their default node. Obviously, that's an important caveat there. And you can do that in such a way that they're still able to provide the collaborative part if the shit hits the fan and you need them to sign a transaction.
Mhmm. Basically, when it gets to that point, you share with them just enough information to sign just that transaction. Basically, you can have the best of both worlds where you can have a third party to call upon, an independent third party, but they're not able to spy on you. So I was very impressed by this and was hopeful that it was gonna come to fruition. The reason I'm talking about it today is that they've already released the blog post to say, look. This is gonna be in the next release of the Bitkey application. Anybody that's already using Bitkey will be able to switch to this new solution so that they can get the benefit of that moving forward. If you're an existing user, that isn't gonna make suddenly your coin history with Bitkey disappear. Like, they already know about that sort of stuff. But moving forward, anything from then on, presumably within the new solution, will be private from Bitkey up until you actually need them in in a break glass type scenario. Yeah. The speed at which they've shipped this caught me off guard. So it might seem weird for me to talk about a competitor like this, but, like, hats off. The fact that they're starting to ship this already is is very impressive. Yeah. That's cool. And the whole competitive beef thing is stupid. Like, if someone does something good, you should congratulate them. If someone does something dumb, you should attack them and just stay in your own lane and develop your own stuff. And it's all about trying to get better quality stuff into the hands of users. So respect where it's due. Controversial opinion, but from an architecture perspective, aside from the usual gripes I've got with the fact that there's no screen on the device and things like that, I think their architecture is great for the right person, like boomers that are just coming into the world of self custody. Like, it is a compelling use case, the Bitkey. Not for more hardcore people. They don't wanna be kind of trapped or trapped is the wrong word because you can exit from Bitkey, but you don't wanna be within a a garden that's more difficult to get out of than it will be just with, say, your seed words, but, again, different trade offs.
I think for the right person, the Bitkey does make a compelling use case. So, again, I do take my hats off to them. They've they've gone to the market and and done really well from an architecture perspective. So very impressive. Next up on the list, we have a Steak and Shake who came into popular viewpoint with Bitcoiners this year when they started accepting Bitcoin. I believe it was at the Vegas conference. They have now doubled down on that and then as well as accepting Bitcoin in in all of their physical stores or most of their physical stores, should I say. They are now also pledging to start their own, and this is a trigger word for me, but it's in the news article, strategic Bitcoin reserve, where basically they are going to keep all of the Bitcoin rather than flip it all for fiat. So if you buy in Bitcoin, they're gonna keep it in Bitcoin. And for every meal that they sell for in Bitcoin, they're gonna donate 210 SATs to the Open Sats initiative, and that's for the next twelve months. I have no idea how big this is gonna be in terms of how many meals they sell for Bitcoin. Yeah. What is Steak and Shake? Like, have you ever had one? It's not in The not in The UK, is it? No. I've never had one. It's like a yank thing.
Yeah. Definitely just an American thing. But, it's good to see that they're kind of seem quite ideologically aligned. The fact they're keeping the Sats and not only that, donating to open source alternatives via the Open Sats initiative. So I don't normally get excited by this kind of corporate side of things, but seems to be well incentive this one. So I'm impressed. Can you buy a steak at Steak and Shake? I presume so. I think it's more of a fast food joint. Like, I can't see them Right. Serving actual steaks.
[00:36:28] Unknown:
Yeah. Yeah. You're not getting a rib eye with a chocolate milkshake
[00:36:31] Unknown:
because that's what I'm imagining. Oh, they do steak burgers. There you go. Okay. That's where the name come from. Right. Okay. I've literally just gone on to their website. They are very much all in. The first thing you see is the Steak and Shake logo with the Bitcoin word right at the top of the circle. They do seem to be, like, leaning into this quite heavily. So, yeah, it's good to see. Good to see. Oh, also, this is not on the list, but I've just remembered the Square payment terminal thing goes live, I believe, tomorrow on the November 11. So if you are in The US where this is being rolled out to you first and you do dealings with any merchants that have got Square too, and I'll make sure you start asking those questions and start spreading the word about this one because I'm pretty sure that that I think it's November 11 that goes live. Yeah. Okay. Next on the list, very quick, on another honorable mention, one of my tools that I use every single day, Notenook, which as the name suggests, is a a note taking app that does way more than that. We talked about it in detail on FreedomSet Friday, so you can go back and listen to that. One of the only gripes that we've had up until now with Nuxnook was that you couldn't pay for it in any form of cryptocurrency. You can now do that or be in a roundabout way through proxy store. Basically, you can go to digitalgoods.proxyst0.re.
What a horrible domain. Link will be in the show notes. And you could buy one, three, or five year gift cards using Bitcoin or any cryptocurrency of your choice that they support, obviously. I think they do also support Monero. And then you can just pop that gift card number into your Notes Look app so that you can go for the premium option without having to purchase with the credit card. Very nice. Yeah. Happy to see that one. I'm sure we talked about that specifically
[00:38:13] Unknown:
when moving through it. We did. So maybe it was us that did it. Maybe us calling them out on Freedom Debt Friday was the impetus for them to get it over the line. Who knows? Do you know what I think it was? I think it was Slithery Seth in their ear. He slithered up right into their ear and just whispered, get it done, you cunts, like that.
[00:38:32] Unknown:
Well, if that's what it takes, it clearly worked. Well done, Seth. Okay. Last on the list, more drama on the Twittersphere. There's been the Marmite dev, floppy Floppy dick. Floppy disk. Oh, yeah. Floppy dick. Yeah. Well, that's what that's what Calle has been calling him lately is floppy dick. He found a vulnerability in the Mint software for Cashew, the custodial e cash solution that Calle has been championing for longer than I can remember now. He found a solution like a denial of service vulnerability where basically you can ironically upload, like, JPEGs and, quote, unquote, spam to these mints to basically act as a denial of service and take them offline.
My understanding is there is and never has been, for this vulnerability, a risk of loss of funds. But, clearly, if the mint that your Cash App is connected to is down, then you cannot spend your funds within that. So it is kinda like a a temporary, I guess, loss of funds, if that makes sense, where you wouldn't be able to spend if this attack was successful on the specific mint that you were using. Linked in the show notes for what I'm about to read from is a quick post mortem from Calle on the denial of service book, basically. Casio has HTLCs, hash timelock contracts, very similar to the Lightning Network.
The spec says that the preimage must be 32 bytes. In Nutshell, one of the multiple Mint implementations did not check the size of the HCL preimage before validation. It violated the spec. The preimage is stored for some smart contracts where Bob doesn't want to rely on Alice to actually provide it, like how Lightning channel force closes don't rely on Alice being nice but instead relying on on chain data. We fixed it instantly in Nutshell version 18. Unfortunately, attacker disclosed irresponsibly without respecting industry standard time frames, two weeks brackets low, or any other collaboration, Cashew got better as a result.
Mhmm. The reason that this kind of blew up other than the fact of, yeah, there is a denial of service risk here is that Cali has been very vocal on the core side of the whole spam argument on Bitcoin, and floppy dick disk, I mean, has been very vocal more towards the knot side of things, I think. That's fine. Yes. Indeed. That's fine. So, obviously, it's somewhat ironic that he was able to find a very similar, quote, vulnerability where he can upload cat JPEGs to cache mints when they would argue that people more on the core side are like, well, that's not spam, and that's not a denial of service, blah blah blah blah blah. Okay? Mhmm. It's apples and oranges because, like, with Cashew, there is a real, like, denial of service where you can prevent people from accessing their funds. Unfortunately well, no, unfortunately. Djens uploading cat pictures to the Bitcoin blockchain does not stop me from sending my funds. So it's not quite the same, but there's a touch of irony there. It looks as though I've seen a recent tweet from Cali this morning that all of the mints are now updated, so it doesn't seem like this is a risk anymore.
But, again, stark reminder that whilst your funds couldn't be stolen, you could have been prevented from accessing them for an indeterminate amount of time if your mint was down. So be very, very, very, very careful if you choose to use custodial solutions. Okay, mate. Let's, let's do some boosts, shall we? I'll let you kick it off. Late stage huddle with 6,006
[00:41:51] Unknown:
sats with a pony and a robot. I'm sure what that's about. Oh, probably a Shetland pony and a robot. Me and you. Yeah. There you go. He's he's always top of the boost list as well, isn't he? Late stage title. Just wanna pause and say thank you. Thank you, late stage title. Yeah. We appreciate you. Thank you, mate, for supporting the show. Chad Farrow with three thousand three hundred and thirty three sats. Glad to hear that q and a is a fan of Breeze Spark SDK because I've been working on adding it to podcasting two point o. I'm a lightning node maxi, so I don't look into this other stuff. But like you said, Rory Breeze always ship a solid product, and the Breeze wallet has slash had podcasting two point o. So maybe we can bring that combo back to life.
Hashtag Albi hub is still the goat for PC two point o stuff, but other options are still nice to have via Cast O Matic. Thank you, Chad Farrow. Yeah. I was saying, oh, no. Because I couldn't see half of the thing because I'm still working on a laptop with no extra screens. There's just too many fucking windows open. We need to fix that for you. We do need to fix that. It's very annoying. Ironically, all of these boosts could go towards a new monitor for you, Max. It'd be nice. It'd be nice. The next one comes from welder Ian with 2,222
[00:43:13] Unknown:
sats. Any ungovernable misfits plebs want to meet up Friday slash Saturday night at Bitfest. He left his end pub in the comments, and he said he would love to buy you a beer. Well, Ian, I will take you up on that because I will be there on the Friday evening. So if you wanna buy me a beer or beers, I'll be the blue robot in the corner.
[00:43:35] Unknown:
What beers are you drinking these days? Are you, on the lagers, or are you still on the sort of, like, wanky IPAs and stuff like that? Typically, I'll have I'll start with a couple of IPAs.
[00:43:45] Unknown:
This This is assuming I'm not just having, like, one in the house or something. Yeah. Yeah. Yeah. I'll start with IPAs, and then I'll tend to go on something lighter tasting like a Corona or something. Okay. But we are dangerously close to Guinness season now, aren't we, mate? It's a it's very much a winter drink. So Yeah. The next time I go out, I would imagine it will be a Guinness evening. Okay. So, Ian, I'll have a Guinness. I'll see you there.
[00:44:09] Unknown:
Is it still technically a beer, a Guinness? It's a stout. Yeah. So he said he'll buy you a beer,
[00:44:16] Unknown:
not a stout. So, unfortunately, you'd be buying your own, mate. But at least you could catch up with Welderian anyway. Yeah. I mean, look. If Ian says, I think Guinness is gay, and I'm only gonna buy you a a Fosters, like, I'm not gonna look at gift or something. I'll take care of it. Yeah.
[00:44:33] Unknown:
Noted. Kaz Peland sent a thousand stats and just said boost. Thank you, Kaz Peland.
[00:44:40] Unknown:
Thank you, Kaz Pieland. Rev Huddle with 721 sats. How does privacy on ARC and privacy on Lightning compare? What are the different trade offs? Can they be used in tandem to achieve even better privacy than just using one or another? Oof. Oof. We need our resident ARC influencer here for this one, don't we? But I I'll take a stab at it. For spending, Lightning there's so many caveats here. I'm gonna assume, Rev Huddl, that when you say Lightning, that you're talking about using it in the most self sovereign way with your own channels. If that's not the case, then let me know, and I'll answer again on the next show. But assuming you run your own node, then Lightning will be more private from a spending perspective because you're the one doing the route path finding. The routes along the hop don't know the final destination, and the recipient doesn't know where you're paying from, which node you're paying from. So you got very good privacy guarantees from a spending perspective.
With ARC, again, very early at the moment, and, you know, we've only just seen beta products come out. But my understanding is that you would have good privacy from the recipient, but you wouldn't have good privacy from the ARC provider because they're the kind of coordinator of of all of the the transactions, essentially. So you could probably, you know, looking at it quite simply, argue that Lightning or self sovereign Lightning would be more private from a spend perspective because, well, you're doing it all yourself, essentially. There's no third party involved. Well, technically, there are because of the onion routing, but because of the onion routing, that means that you don't reveal destination or recipient along the path as well rather than just sharing everything with one ASP, a ARC service provider. So, yeah. Trade offs, obviously, simplicity with Arc, whereas self sovereign Lightning can be a fucking nightmare unless you're prepared to run a node and all the joys that come with that. Can they be used in tandem to achieve even better privacy than using just one or the other? Yeah. Well, I guess when you're using ARC, you're gonna be able to pay Lightning invoices from the ARC, and, again, that will be facilitated by the ARC provider or ARC.
Seth came up with a new or or was using a different term for them recently. I know that's a a recent development, but, basically, the ARC service provider, you can pay out from there. So, again, the recipient would have little knowledge of where that's come from because you're paying from, like, a a shared UTXO essentially within the ARC network, but you still get you're losing a little bit of that to the ASP. So, yeah, I think that's probably the best way I can kind of come up with a an answer for that off the cuff here. Self profit and lightning, way more private. But I guess you could argue that using ARC is, from a privacy perspective, is more similar to something like Phoenix where you've got the the ease of use. You can have the simple payments and the the autonomous kind of management of everything like that without the need for interactivity, yada yada yada. But in the Phoenix case, they know because they're doing all the path finding for you on lightning. They know exactly what you're spending. So it's like a trusted or semi trusted privacy relationship, if that makes sense.
[00:47:41] Unknown:
Yep. That does make sense. Wartime with a 133
[00:47:45] Unknown:
sets just sends two sticks of dynamite. BTC on board sent a 100 sets with two thumbs up.
[00:47:52] Unknown:
And Pioneer Hash says Spark isn't ARC along with a 100 sats. Okay.
[00:48:00] Unknown:
Yeah. I I don't know when I've been talking about the two that I've kind of said that one is the same as the other. They tend to get spoken about in the same breath, but they do have slightly different trade off models and technical underlying. So, yes, if I did say that, then I apologize, Pioneer Hash, but, thank you for the call out. You are right. Yeah. Thank you. Questions? Let's get rid of the updates and releases first, and then we'll finish with the questions, shall we? Okay. Let's do that. Mister Roar, I've been busy again. Frigate version one point two point zero has been released. Quick reminder that Frigate is an experimental Electrum server that tests efficient silent payment scanning with ephemeral keys.
The major feature in this release is GPU acceleration of the cryptographic computation required for silent payment scanning. This provides a dramatic brackets over 10 x performance, improvement over CPU computation, and makes public silent payments, Electrum Server, a practical reality for the first time. This is very exciting. Pleased to see this one. I actually I'm surprised to see this one because the way I interpreted the first release was that this was a one and done thing for Craig and that he was saying, look. This is possible. Somebody take it. Go and build on it and, you know, spread your wings. No pun intended. Talking about Sparrow and similar. But, yeah, it seems like he's continued to iterate on it. I'm sure Seth will be pleased to see this one as one of the wallets that are pioneering silent payments because they'll be wanting to run similar infrastructure for Cake Wallet users. So, yeah, good to see. I'm liking this a lot. Thank you, Craig. Thank you, Craig. Very cool. Another cool but nerdy release, MiniScript Studio. Link in the show note to another horrible URL.
Adys.dev, is basically I'm sure it probably means something to somebody. It's, as the name suggests, is basically where you can kind of think create and compile and read different mini script policies and just general mini scripts so that you can kind of expand them to see what's going on. Because if you just look at a single piece of mini script, it's gobbledygook to everybody other than somebody like Peter Willard. So you can kind of paste it in and see what's happening, generate addresses and stuff. It's just a bit of a playground, essentially. It's not to be used in production to actually make a wallet or anything like that. Yeah. Just thought it was pretty cool as somebody who's quietly, well, not quietly because I talk about it all the time, but very bullish on on Myscript and what that can do for for the self custody world. This is cool. I I have no idea who's behind it. It was Wizard of Oz and Nosta that shared it. Don't think he's the one that's actually produced it, but, that's how it came onto my radar at least. Very cool to see. Nice little toy there. Phoenix Wallet version two point seven point zero and also their server version zero point seven point zero has been released. Pretty big release, actually. They've now fully integrated Taproot channels so that all of their future Lightning channels are now based on Taproot addresses. That means on chain operations are now 20% cheaper, so significant savings for the user as part of channel opens and closes and stuff. Exactly that. Yeah. So a significant 20% decrease in costs, which they're passing on to the user. That also means that the on chain footprint of a Phoenix channel is now completely indistinguishable from a a standard pay to tap root address that you might use with your passport or your Jade wallet or something like that. That is with the caveat of, of course, as long as the channel is never force closed, which under normal operation, you wouldn't do that. And then they have oh, this is a big one, actually. They have multi wallet support on mobile. This was one of the biggest limitations to Phoenix for me was that you had the app and you could have one wallet. It was a wonderful wallet, and it takes away most of the headaches that lightning brings.
But, like, that was it. You could have one Phoenix with one wallet on one phone unless you did some stuff on Android with profiles and things like that. Well, now you can have different wallets within Phoenix. I'm not even sure if there is a a limit on that, but, yeah, you can now have multiple wallets all benefiting from the same wonderful UX, you know, that we come to know and love from Phoenix. Yeah. This is a big release. Oh, and, also, there might be people, existing Phoenix users thinking, well, okay, Taproot Channels is great. Like, how do I get from one you know, how do I migrate? Basically, as you'd expect with Phoenix, they've done all the magic stuff for you. Basically, the next time that you send or receive an on chain payment, they'll take your existing native Segwit traditional Lightning channel, and they'll migrate it to a to a Taproot one such that you don't have to do anything other than that existing transaction that you were already gonna do anyway. Very slick. Yeah. Very slick. Like, this is the go to Lightning Wallet for people that don't wanna run a node in that, and it's not even close. It's a an excellent wallet.
Oh, and they've also teased NextUp, v three transactions and zero fee commitment transactions to completely shield channels from on chain fee rate fluctuations. Very nice. Very nice. We were talking last show about how Breeze just sits there quietly shipping cool shit, but Phoenix is just the same, isn't it? It's fucking awesome wallet. Yeah. Next up on the list, I remember sending this one to you, actually, Max. Fountain for Podcasters. This is a quote. A seriously powerful podcast hosting that converts listeners into supporters powered by RSS, Lightning, and Nosta. It allows you to host and distribute everywhere. You can add video chapters and transcripts, launch a paid subscription. That's pretty cool.
You can take card payments, advanced analytics, and I'm sure much more. Again, link will be in the show notes. Not sure on the pricing and how that compares. That's kind of a a you and Jordan question. In actual fact, you know what? I don't actually know what Uncoverable Misfit uses for this solution. Maybe you can educate me. We use PodHome.
[00:53:41] Unknown:
They've been incredible. Really, really, really good. Really responsive. If we ever have an issue, it's one email, one message, and it's done. If we have features we wanted, it's one email, one message is done. I can't recommend them highly enough. So when you did send it through, just being open and honest with listeners and anyone who might be listening to this and also thinking of running a pod or or who is running a pod, my thought was no. Not a chance in hell would I be moving across because of all the things that we use, probably Fountain, although it's very powerful and although we have a lot of users on it, is probably the thing that gives me the most stress or really Jordan the most stress with issues, with things not uploading onto it. Twenty to thirty percent of our listeners suddenly just being deleted off it with no explanation, just problems. So my general thought was, as great as it can be when it works, I don't wanna be messing around and moving our podcast feed across to something where it's their second product, and their first product is not actually always working properly already.
So if you want something that's just really fucking reliable and just works and you can message and get things done and fixed
[00:54:59] Unknown:
immediately, I would say use Pod Home. It's really good. Mhmm. K. Good to know. Next on the list, Spiral Wallet version two point three point one has been released. Minor release, support for hiding amounts via the view menu. We can now see the sign in key stores in the transaction blockchain form for spends from multisig wallets. Some camera support updates for Linux machines, keyboard shortcuts for moving tabs left and right, some bug fixes to do with bit 32 derivation paths in PSPTs as well. So, again, manual release, always pushing forward and and improving that UX. I like the hide in amounts bit. That's something that's been missed for me. So nice to see that got added. Next one on the list, this one was, like, not even on my radar at all. Bitcoin kernel API is now in Bitcoin Core's master branch. What's that? Yeah. I had to get some AI to help me here. Bitcoin Core basically is is now getting, like, a plug in API type thing, or a way for other programs to safely use parts of Bitcoin Core without having to copy or rewrite the exact same code. So, basically, right now, Bitcoin Core's logic is locked inside one big program, but now it has the ability to expose parts of that into smaller chunks so that other apps can use it as well and benefit from all of the eyes that are on that existing code. So it could be good for kind of app developers and protocol developers and stuff like that. Umbrel OS version 1.5 with backups is rolling out today.
So you can now do simple external backups onto external SSDs. You can also have I think they're calling it a a rewind feature. Wow. That was loud. I just started playing their video. That nearly blew my head off. They also have, like, what the what do they call it? A Mac time machine where you can have I think they're calling it rewind, where you can have, like, snapshots, and you can basically restore from a specific point in time, which can obviously be useful, especially if you're doing stuff like lightning and things like that. So, yeah, good to see. I think you can also do cloud stuff as well. I'm just trying to pause the video on the right spot to see if there's a cloud option.
[00:57:10] Unknown:
Umbrel OS, is it still the case that it's all closed source and that you can't run it with Tor? Were they the two problems with it that we had? It doesn't have an open source license. All of the code is public, but it has a
[00:57:24] Unknown:
similar to the commons clause where you can't use it for business purposes. You can't resell the code and fork the code and then use it to form a business and things like that. So it's like the source viewable thing? Yeah. It doesn't meet the open source definition. It's viewable. You can run it over to all, definitely.
[00:57:40] Unknown:
So that's better than I remember it being. I don't know if that has changed, but I thought it was closed source. Technically, yes, it is. But I thought it was that you couldn't actually view the code.
[00:57:50] Unknown:
No. As far as I can remember, it's always been published openly. I don't think it's ever been completely closed source like Black Box.
[00:57:59] Unknown:
Might be wrong there because it's been around for quite a while. But, certainly now, it's developed in the open and and it's kind of the source is viewable. Because it was I think, you know, we've always talked about this. For me, it has been, I don't run it anymore, the most reliable note that I ever ran by far. Not even close. It never broke. The setup was the easiest of anyone that I ever ran, and it it's set up immediately. No problems. Never broke. Unplugged it. Moved house. Plugged it back in. Bang. Just works again. Like, everything was solid. So you have to give respect where it's due. They built I haven't used it for a long time, but certainly was a very, very, very good node
[00:58:39] Unknown:
package thing. Yeah. Tell you how reliable it is. We rag on Raspberry Pis all the time, but my main Lightning node is an umbrella on a Raspberry Pi. Yeah. And has been for a number of years. Like you say, very stable. Mhmm. Yeah. Fair play. That's the end of the updates and releases. Very quick honorable mention to Vibrant for two guides he's put out recently, Ashigaru mobile guide and an Ashigaru terminal guide, both linked in the show notes.
[00:59:07] Unknown:
I had a very quick scan through the Ashigaru guide, and it was very good, very clean, very clear. So definitely check that one out. Sorry for last episode, b t c wrestle. I had to tag on at the end your contribution, but you've let us down this this time around. No updates from b t c wrestle. There is a reason we'll let you off, and I hope all is well. And we send our love, b t c wrestle.
[00:59:33] Unknown:
Wasn't a chainsaw accident up a tree, was it?
[00:59:36] Unknown:
No. It wasn't. No. He's happy and healthy. I think that's everything. No updates on BTW wrestle, but I'm sure he will next time. And have we covered everything? I think we've gone through everything already. We have. Shall we hit the question to sign us all off?
[00:59:50] Unknown:
Let's do it. I'll let you read the first one out, mate. Expatriotic.
[00:59:55] Unknown:
Ashigaru plus Dojo. Been a lot of FUD lately regarding this stack. Might be helpful to dive into the trade offs of using Dojo Bay versus running it yourself. Maybe explain why Ashigaru spending tools matter at all. Good question slash nudge from you, expatriotic.
[01:00:17] Unknown:
What's the FUD that's been floating around? I've not seen this.
[01:00:20] Unknown:
I think there was a load of fud about ex pubs being revealed. There was a bit of, like, disgusting, cunt y, slappable bullshit that I saw from people who were sort of showboating immediately after, samurai's sentencing and basically saying, like, oh, well, the ex pubs are all visible, and they've logged them and this and that and blah blah blah, which obviously is not true. This was only if you were connecting to their node, not if you're running your own Dojo. Right. I think it's just like a bit of fear mongering and just dancing on someone's grave kind of thing. I think that's what he's probably pointing to. And, obviously, then the same goes for Ashigaru.
You can run your own dojo, or you can choose to use one of the options on dojo bay. Dojo bay has people that I trust very much. I'm just trying to have a look now who we've got. Mainnet, Otto, Max Tannehill, Jordan, Razzle Dazzle, Syndicate Systems, BTC wrestles, bottom shelf BTC, yellow, red, Tanto one, Tanto e, ex patriotic,
[01:01:33] Unknown:
and Arthur. Oh, his is our service, actually. But some very trusted people, but, obviously, you can run one yourself as well. So I guess he just wants us to go through the trade offs of using someone else's versus your own. Basically, if you use any Bitcoin wallet, doesn't matter if it's Samura wallet or if it's BlueWallet or Envoy. Like, if you're using a mobile wallet or a desktop wallet and you're not using your own node, then you're using somebody else's node, and that comes with privacy trade offs. Namely, you will be sharing your transaction activity with whoever is running that node. How detrimental that can be to your privacy depends on the the kind of architecture because the entity running the node, if you're connecting over the traditional Internet, might be able to see your IP address. So then they could correlate a rough geographical location with a cluster of addresses. Or on the flip side, you could have, you know, a tool solution where, obviously, your your IP address is masked, but you're still sharing, you know, a specific address cluster that belongs to a specific identity. It gives them a starting point if they wanted to do some chain analysis. So the most private way to interact with any Bitcoin wallet is to do so through your own node, and Ashigaru is no different there. Well, essentially, Ashigaru forces you to choose a node. So they take one of the better sides of the trade off basically where you either have to run your own node or your own Dojo to be specific, which is the node solution for samurai.
Mhmm. Or you are trusting somebody else's like dojobay .pw.
[01:03:02] Unknown:
So the the choice is completely yours by That will be Tor only. It it's not gonna be revealing your IP address. And so you still have that pseudonymity because they know that someone's connected, but they don't know who they are. Presumably, they can see their addresses. They must be able to. Yeah. There's trade offs, but, I mean, it's still a better solution than just joining, like, samurai server. But you can go back in history and go through all the arguments of why that was there. And I think they still stand,
[01:03:33] Unknown:
but the absolute best is to run your own Dojo. And it's easier than ever to run your own Dojo, thanks to Jordan and many others who have worked tirelessly to make that that more simple. To highlight the main three ways to do it, you've got Start9, you've got Umbrel, and you've got kind of standalone Dojo software, which should be a little bit more advanced. Start9 and Umbrel are your go to ways to to get that done. In terms of why the spending tools matter at all, that could be a show in and of itself, essentially. But Ashigaru and Samurai have spending tools that allow you to spend Bitcoin in a way that casts doubt over what's actually happening in the transaction and gives you plausible deniability or or multiple possible interpretations as to what's actually happening for anybody viewing that transaction on a block explorer. Quick highlight, they've got ricochet, which adds additional hops or distance between sender and recipient.
Basically, it just cycles through a list of your own addresses. So it's entirely self custodial, but, yeah, basically just cycles across, I believe, it's four addresses before sending to your desired recipient. That can be good for, I guess, adding distance between you and a, I guess, a a regulated exchange that might look unfavorably at certain behaviors on the blockchain. You've also got stowaway, which is kind of the default spending algorithm within Ashigaru, which basically makes a a fake coin join with your own coins to, again, cast out to anybody that's looking at that transaction as to what's actually happening. Is it one person paying one person? Is it two paying two? Etcetera, etcetera. And then they also have the the Soroban network, which is a tool based communications network that allows Ashigaru wallets to communicate via the PayNim protocol using usernames so that you can do either a Stonewall x two or a Stowaway. A Stowaway transaction is when you're a an Ashigaru user that wants to pay another Ashigaru user.
Under the hood, what the framework allows for is to create a pay join, essentially. So you're paying from Alice to Bob, but Bob is, as the recipient, is contributing at least one input to that transaction to combat the common input ownership heuristic that is the kind of basis for all chain analysis on the Bitcoin network. And then the Stonewall x two is very similar, but instead of Alice paying Bob and both of them being Ashigari users, it would be Alice and Bob, both Ashigari users, coming together to pay Charlie, a third party user who just has a Bitcoin address. Doesn't matter where it's coming from. In the Stonewall x two scenario, Alice and Bob, as Ashigari users, will pool their UTXOs in such a way that, again, provides multiple interpretations as to what's actually happening and to kind of merge those wallet clusters somewhat to, again, there's no way to put it. I keep repeating myself, but to cast DAO or to provide multiple interpretations as to what's actually happening when, who is paying who and, how many UTXOs
[01:06:30] Unknown:
are are involved. Very good. Yeah. Incredibly powerful with our spending tools. If you are using on chain for spending, I think we've talked about this a lot. Like, I use Monero a lot, and I use Lightning a lot. But if you are gonna do on chain spending,
[01:06:44] Unknown:
consider learning about these tools and having a play. Agreed. Alright. Next question comes from Marcellus on Nosta. Why on earth an update to the Bitcoin protocol that can freeze coins by disabling opcodes can be considered a soft fork? This made me think this one. So what Marcellus is referring to is obviously bit four four four from Luke and Co. Mhmm. There was an I believe an unintended consequences to part of the restrictions that they're mentioning where certain complex Taproot scripts would be essentially frozen while this soft fork was active, meaning that certain users that were using these scripts think of things like mini scripts, like with Anchor Watch, I believe some of their stuff might be affected. I believe I've seen that on Twitter.
If bit four forty four was activated and became the majority, then those users under its current guys would be kind of prevented from spending their funds, presumably because of the catch all spam reduction impetus that Bit forty four has set out to achieve. Obviously, not great and has been met with much backlash for obvious reasons. You know, you can't just go around freezing people's coins with the idea to stop or spam on the network. That's a no go for most people, and I truly believe it. It probably is an unintended consequence, and they didn't realize that it would do that. Mhmm. There has been backlash to that. I have no idea whether they've taken a step back to relax some of the rules now that they've understood it. I'm not sure. Although I believe that that would still be considered a soft fork and the hard fork or the chain split comes in, that's more dependent on what happens at the mining level and the node adoption level rather than the fact that coins are frozen because some opcode has been disabled, essentially. So it does seem weird, but, yes, it could cause a coin split, but only if we have a split in hash power, some mining bit 44 compatible blocks, and others, I guess, mining the the current Bitcoin or what we consider to be the current Bitcoin blocks with those locked funds. If they were to be spent and mined by a miner, that would cause a chain split if bit four forty four was activated, which would obviously be undesirable outcome. And then the last one on the list comes from Corey San Diego over on Nostra again, and he said, have you got any Bitcoin recovery success stories? What went wrong, and how did you fix it, and were there any lessons learned? What about you, Max? I'll let you go first. I actually had one recently. I forgot a passphrase.
[01:09:04] Unknown:
Genuinely couldn't remember it for, like, three days, and I had, like, enough that it would have really been a problem. And it was just something that I was testing a wallet and hadn't written things down, like, in the move and all that kind of stuff. And one of those, like, I'll definitely remember that. So I guess the warning or the lesson learned is don't ever trust just your brain and your memory no matter how much you think. Oh, I'll definitely remember that. Like, yeah. Yeah. Yeah. Yeah. That's gonna be fine. That's not really a problem. It might well be a problem. The way I fixed it was I just locked myself in a dark and quiet place for, like, two hours. I literally just sat for, like, two hours in darkness and quiet and just tried not to think of anything else, and it did just come to me.
But I could have easily lost enough that I would have had a real, real issue. That's my lesson learned. Were you sat there with a specific tool or wallet app, and you would just type in a different passphrases? Or Yeah. Was it literally just sit there until you can remember it? It would sit there till I can remember it because I'd sat for ages like, oh, I'm sure it's this. No. It's not. Did I have a, you know, a a capital letter, or was there a number? No. What then maybe it was this one. I tried everything. I was like, fuck. I've lost this now. I'm fucked. And I knew I hadn't written it down because I remember at the time doing it in a rush because I was, like, just testing it. I was like, oh, just, you know, whatever.
And then didn't write it down because of in the move. I don't have all my stuff I would normally have. Normally, I stamp it. Still haven't done that. And I just thought, I'll remember this, and I fucking couldn't. Like, for days and days, I was like, oh, I've really, really made a mistake. Like, from all these years of messing around, this is a first, and it was recently. And, yeah, then I just locked myself in a dark room for a couple of hours. Just sat there and just didn't bring a phone, didn't bring anything, just, like, sat. I was just like, you have to fucking work this out. And it came to me, but it easily could not have. There's a lesson always have a backup of a backup, and don't ever trust your memory. Yeah. Definitely. I've
[01:11:01] Unknown:
helped a few people. The most common ones are passphrase related. Generally speaking, they will have made a typo when they first set the passphrase wallet up and not done the necessary testing and, you know, spend a small bit in checking and send it back out, etcetera. And they've then filled the wallet up, gone to spend, you know, a year or two later. Let's say they thought their passphrase was 123ABC, and in actual fact, when they set it up, they did 1223ABC or something like that, just one character out. They've had a bit of a shock when the hardware wallet refused to sign the transaction because none of the keys were involved. I've helped a couple of people there where they've had to do something similar as Umax, but they only had one passphrase, so they knew roughly what it was. It transpired that there was clearly a typo in there somewhere because their hardware wallet wouldn't sign for it. So I worked with them to kind of just try different iterations of that until they could do it, essentially. I guess a bit of a self shell, although it's not really a shield because I don't make any money from this sort of stuff.
Bitcoin.guide/seed. If you ever find yourself in a similar position to that, download that tool offline onto an Airgap computer or an offline device. And if you find yourself in a similar scenario where you've only got one passphrase and you wanna quickly iterate through different combination of the passphrase to quickly see the output, the output might be an address that you know it you sent to from the wallet that you've locked yourself out of, the fingerprint or both, you can quickly rather than try and do that on a on a hardware wallet, which generally speaking will take you much longer to type in and and check the resulting fingerprint or address, this tool, the passphrase tester, is literally built for this scenario where you have your seed words loaded into it, and then there's just a text box and you can use a rapid keyboard to just type in different iterations. And in a split second with any different passphrase, you'll see the resulting addresses, you'll see the resulting fingerprint, and you can quickly just tick off all these different iterations.
Again, to be very clear, this is just a simple HTML file that you can absolutely should, if you're doing it with real funds, do it on an offline device. But it is a great way that you can quickly iterate through so that you can kind of get yourself out of that panic situation as quickly as possible. Very powerful tool if you know what you're doing. Yeah. We'll definitely, definitely use it. There's an online version at bitconer.guide/seeds, so you can just go and throw some random seed words in them and practice so that you know what the hell I've just been talking about. But if you're gonna do it for real, please do it on an offline machine. And then I did have another really random one. When I saw your question come through, Corey, I've been racking my brains trying to remember the details of this, and, unfortunately, I can't. I might have to go back through my Telegram chat and stuff, and I'll follow-up with you. But I had one guy reach out to me a couple of years ago, and he'd done something really weird with random script types or something like that. And, basically, again, he was trying to broadcast the transaction. I think it was from Sparrow, and there was a problem with the formatting or problem with some of the bytes in the PSBT or something like that. And I I can't remember how he got himself into this mess. And I remember spending quite a long time researching what the problem was, and it was like this guy had somehow locked himself out to the tune of, you know, over a full coin.
Yeah. He was in a pretty desperate state. I'm desperately trying to remember the details here, but I can remember, like, manually editing the transaction information byte by byte somehow. I would never know how to do it again without going through all that research again. Mhmm. Eventually, he was able to successfully sign and broadcast the transaction. Yeah. That's right. When he was trying to broadcast it, it was being rejected by the network for a formatting issue or something like that. Mhmm. Corey, I'll I'll have to check through my Telegram history to see if it's still there to see what I actually did to fix it. That was, over the course of a couple of days. But, yeah, I'll try and remember how he got himself into that mess. I can't remember what sign in device he was using or anything, but the network was rejecting it for some reason, and it was to do with a formatting issue. I think he tried to get fancy maybe changing derivation paths after he connected a hardware wallet or something stupid like that. He'd done something nonstandard anyway. Keep it simple? Yeah. Yeah. So lessons learned. Keep it simple. Don't go changing. All these wallets like Envoy, Cake, Umbra, Sparrow, Nunchuk, they have defaults for a reason. Like, unless you really, really know what you're doing, just leave all the fancy buttons well alone. Yes. Yes.
That brings us to the end of the list, mate. None of the questions. Thanks ex Patriotic, Marcellus, and Corey for for getting involved and answering the call for questions. Really appreciate it, and thanks again to all of the boosters for, sending us some stats.
[01:15:27] Unknown:
Yeah. Thanks, guys, and we will catch you on the next one. Thanks, mate. See you later. Before you go,
[01:15:33] Unknown:
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