In this episode, we dive into the world of Bitcoin, privacy, and open-source tools. We kick off with a light-hearted discussion about New Year's celebrations and personal resolutions, including a candid chat about alcohol consumption and lifestyle changes. The conversation then shifts to the latest updates in the Bitcoin ecosystem, including the travel rule's impact on privacy and the IRS's new regulations on non-custodial trading services.
AOB
UPDATES/RELEASES
AOB
- Happy New Year
- Resolutions?
- Finally update Start9 drive
- Bitcoiner Guide onion is back
- New show with Seth
- Max Lightning
- EU travel rule updates in 2025
- US Treasury finalizes its 'broker rule'
- Tether pumps $775m into Rumble
- Foundry returns 8 BTC in fat finger fee incident
- Tangem fixes bug exposing user private keys
UPDATES/RELEASES
- Nunchuk launches beta version of Taproot multisig
- SeedHammer 2 release
- BTCEED release
- Bitcoin Safe beta
- Blockstream announces Jade plus
- BTCPay v2.0.5
- RaspiBlitz v1.11.4
- SeedSigner v0.8.5 rc1
- Dojo v1.26.1
- Sentinel 5.1.1
- Zeus v0.9.4
- Live Wallet v1.0.0
- LN Proxy now supports blinded paths
- Bull Bitcoin integrates PayJoin v2
- Satsie PayJoin booklet
- Next block fee estimator
IMPORTANT LINKS
VALUE FOR VALUE
Thanks for listening you Ungovernable Misfits, we appreciate your continued support and hope you enjoy the shows.
You can support this episode using your time, talent or treasure.
TIME:
- create fountain clips for the show
- create a meetup
- help boost the signal on social media
TALENT:
- create ungovernable misfit inspired art, animation or music
- design or implement some software that can make the podcast better
- use whatever talents you have to make a contribution to the show!
TREASURE:
- BOOST IT OR STREAM SATS on the Podcasting 2.0 apps @ https://podcastapps.com
- DONATE via Paynym @ https://paynym.rs/+misfit
- DONATE via Monero @ https://xmrchat.com/ugmf
- BUY SOME CLOTHING @ https://ungovernablemisfits.com/store/
- BUY SOME ART!! @ https://ungovernablemisfits.com/art-gallery/
FOUNDATION
https://foundation.xyz/ungovernable
Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.
As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil”.
Thank you Foundation Devices for sponsoring the show!
Use code: Ungovernable for $10 off of your purchase
CAKE WALLET
https://cakewallet.com
Cake Wallet is an open-source, non-custodial wallet available on Android, iOS, macOS, and Linux.
Features:
- Built-in Exchange: Swap easily between Bitcoin and Monero.
- User-Friendly: Simple interface for all users.
Monero Users:
- Batch Transactions: Send multiple payments at once.
- Faster Syncing: Optimized syncing via specified restore heights
- Proxy Support: Enhance privacy with proxy node options.
Bitcoin Users:
- Coin Control: Manage your transactions effectively.
- Silent Payments: Static bitcoin addresses
- Batch Transactions: Streamline your payment process.
Thank you Cake Wallet for sponsoring the show!
(00:00:57) THANK YOU FOUNDATION
(00:01:38) THANK YOU CAKE WALLET
(00:02:43) How Was Your Holidays Mate?
(00:12:49) Monero Monthly Debut
(00:16:02) Great To Have Seth!
(00:21:47) NEWS
(00:21:55) Travel Rule is Back
(00:27:05) IRS Requires Non-Custodial Services To Report Information
(00:30:31) Tether Invests in Rumble
(00:34:14) Foundry Returns 8 BTC Fee
(00:37:46) Tangem Exposes User Private Keys
(00:40:10) BOOSTS
(00:55:25) UPDATES & RELEASES
(00:55:29) Nunchuk Launches Taproot Multisig
(01:14:58) Chainspying with Live Wallet 1.0
(01:16:15) LN Proxy Support Blinded Paths
(01:19:26) Bull Bitcoin Integrates Payjoin V2
(01:21:49) Satsie's Payjoin Booklet
(01:22:43) New Nextblock By Cypherpunk Tools
(01:23:35) QUESTIONS
[00:00:04]
Unknown:
Bitcoin is close to becoming worthless.
[00:00:11] Unknown:
Bitcoin.
[00:00:16] Unknown:
Now what's the Bitcoin?
[00:00:19] Unknown:
Bitcoin's like rat poison.
[00:00:20] Unknown:
Yeah. Oh. The greatest scam in history. Let's get it.
[00:00:27] Unknown:
Bitcoin will go to fucking 0. Welcome back to The Bitcoin Brief, the show where me and q and a catch up every 2 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 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.xyzed. 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, CakeWallet 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.
[00:02:43] Unknown:
Happy New Year, mate. Happy New Year to you too. Yes. It's, feels like longer than 2 weeks since we last recorded with all the festivities. How were your celebrations?
[00:02:54] Unknown:
They were lovely. Ate too much. Lots of presents for the kids. Not a lot of sleep, but no sickness. So it was all
[00:03:02] Unknown:
lovely. What about you? Pretty much the same. Yeah. Really. House got decimated with an ungodly amount of new toys that little one absolutely does not need. Yeah. Just trying to find space to put all of those. I think I need to do a a recycling trip to get rid of some old shit to fix and bring for some new stuff. But, thoroughly good times had by all. Yeah. Much like yourself. Eat too much, drank too much, and was by the time it rolled around to, like, the New Year's Eve, I was all but checked out of eating and drinking. Did you ever have you on New Year's Eve, probably not knowing you with you with kids? No. I haven't had a drink for, like,
[00:03:41] Unknown:
6 months, 7 months, something like that. What a guy. Yeah. Yeah. I haven't been drinking. I did the same last year. I did, like I think I did, like, 9 months last year, and it was, like, the last 6 months I haven't. I'm I actually think I may just not drink again because I'm so all or nothing with things. What will happen is I'll, like, just go, I'm not drinking for 6 months. And then I'll be like, I don't know what I'd do or I might catch up with you and a few lads, and then I'll be like, oh, just have a beer, have a few. And then what will happen is I'll just gradually build up over the course of the next, like, 3, 4, 5 weeks to just smashing through a bottle of wine a night or just drinking a quarter of bottle of whiskey a night just, like, casually as I work. And then I go, fuck. This is stupid. This is really bad for me. Don't be a cunt. And then I put it all away, and I go, I'm not drinking again. So I think I might just have to stop.
[00:04:33] Unknown:
Nice. It is a very unproductive, drug, I guess you could call it. Yeah. I'm certainly gonna be one of those dry January wankers where I can't abstain ink, and we're gonna see how long it it lasts. And then properly get on it in February. That's the way. February 1st is gonna get it. No. I'm I'm hoping that I I don't really miss it that much. I wasn't a big drinker in the 1st place, really. It was just kinda like once a week, we'd have, you know, more than we probably should. But, yeah, just trying to keep it clear ahead and refocus and reinstate a state of zen or something like that.
[00:05:09] Unknown:
Yeah. It is nice, though. It's like, I really enjoy a whiskey or 2 or a few beers or something like that. It's just something, you know, like, little bit of a buzz and a little bit of a switch down of your brain rather than thinking about a 1,000 things at the same time, just being a fucking all over the place. Just it slows you down a bit. Yeah. That's that's amazing. Like, if you've had a fucking hectic week and the the kids would be in an absolute nightmare, like, having a beer or a little whiskey does take the edge off a little bit. Yeah. Yeah. So I do like that. I just I I find it's, like, very easy to continue just smashing through. Like, I'll be like, oh, I'll just have another one. Well, I'll just have another one. And it's like that that's where it gets dangerous. Whereas when I used to smoke weed in the evenings, it would just be I never, like it it never snowballed.
It was always like, I'll do all my work, I'll do all my stuff, I'll do my gym, I'll come home, and when there's fuck all else to do, which is before kids, because, obviously, there's never nothing to do now, I'd then sit down and just go, I'll roll a little joint. I'll have that over the course of, like, the next hour, and then I'll fuck off to bed. And it was lovely. And I never it never did more than that. No matter how how long it went on, I never needed more than that. But with alcohol, it's just a different story.
[00:06:22] Unknown:
Same for me with with, the weed as well. But the the problem is I get the munchies too far too easily, so I just end up smashing, like, just raiding the kids chocolate covered and just being an absolute reprobate.
[00:06:36] Unknown:
And the unproductive
[00:06:37] Unknown:
day the following day I always found was like I never got that. No. I never really got that at all. Like I I could happily get up at 5 o'clock the next day and just crack on with work again. I didn't really it was mainly the food shaming, self shaming the day after when you see all the empty wrappers.
[00:06:53] Unknown:
Yeah. You walk down and just everything's crunching under your feet. Just wrappers.
[00:06:58] Unknown:
Yeah. Pretty much. Yeah. So none of that for at least in January for me anyway. So any any other resolutions for you, mate?
[00:07:05] Unknown:
Again, always extreme one way or the other. I've gone full carnivore Oh, okay. Day 6 now, and 1 meal a day. Oh, you fucking animal. Why? Yeah. I know. It's just oh, gosh. Just an absolute can't, aren't I? I don't know why I just can't fucking just have some sort of moderation in life. So what's the goal? Just to lose some fat because I got a bit fat. I did a load of bulking, put on, like, 15 kilos, and then I was like, a decent amount of this is fat. I could I could easily lose, like, 10 kilos. That would be fine. So I was like, well, I just need to lose some fat now. The most effective way is just fasting and training as I normally do fasting and just going carnival. But it is like, there's been a couple of days where I've been a bit like, oh, feel a bit like almost a bit woozy or a bit like, I'm like, fuck. I'm actually proper hungry now. Mhmm. Because when I'm eating, it's like, you know, it's been 24 hours or whatever. Like, today, I'll probably eat at, like, 4 o'clock, and then it will be like, I don't know, a couple of burgers and a steak or something like that. And then there's nothing for another 24 hours, and I'm still training and doing everything else. So it's pretty tough, but it's too early to sort of know. But I, like, feel feel a bit less of a fat cunt, so we'll see.
Alright. Cool.
[00:08:24] Unknown:
Well, more power to you. Yeah. We we've kinda talked about mine really off the beer. No, edibles or weed. Yep. Yeah. Just refocus a bit really. Back in the last year, work wise, and just kind of Bitcoin focus wise, pretty much just took over my life at the expense of, you know, more important things. So trying to just have a bit more of a refocus and obviously not shirk my responsibilities, but, you know, make sure that I'm spending as much time as I should be with with friends and family and stuff and try and get that balance restore that balance now that the crazy times have, subsided a little bit.
[00:08:58] Unknown:
Until March?
[00:09:00] Unknown:
Yeah. Yeah. Well, you say until March, but, like, we've actually gotta finish building the thing before March. So I think it's wishful thinking that the the crazy times have ended. Maybe it's just the the calm before the the second storm. Yeah. I think so. Well, don't wanna sound ungrateful. I say the the the reception, the order volumes have been, you know, truly humbling. So thank you to everybody that's kind of got involved and shared their feedback and most importantly placed an order as well. Very, very exciting and very, very, very motivating as well. So thank you. It's been quite funny, like, having people
[00:09:37] Unknown:
message like, people I know who are, like, into Bitcoin, but not, like, nerdy cunts. They'll occasionally message me and be like, oh, I'm thinking about doing this. What should I use? But and a lot of the time, people don't really take the advice. And at least 2 or 3 people who have asked me about like, oh, yeah. I wanna update my security. It's normally when there's a bit of a price run. Mhmm. And I'll always say like, yeah. Yeah. Here. Just go and buy a passport. And and they've been like, yeah. No. I don't know. It seems like a lot of effort. I'm not sure. And I'm like, it really isn't. And they're like, yeah, not sure. And then they messaged me again, and I sent them the Passport Prime, and both of them just went straight out and bought them. Interesting.
Yeah. So it's like I don't know if it's because it's like that full screen looks a bit like a phone, and they've gone, yeah, they've gone, oh, I could do that touch screen.
[00:10:25] Unknown:
Maybe something to do with that and maybe something to do with the backup process. But, yeah, both of them just straight away, like, yeah, we've we've ordered. And I was like, oh, fucking hell. That was easier this time. Nice. Yeah. I think the familiarity piece is probably a a lot has a large part to play there. It just looks like a phone, doesn't it? Basically, everybody's used to having a little slab of glass in their in their pocket that they interact with a 1000000 times a day. So I was a betting man, I'd say that that's probably, a big part of it. But, yeah, thanks for the shilling, sir. Yeah. Always shilling. Over the Christmas period, I have also managed to do some, non foundation related Bitcoin work for my own personal stack.
Finally got the Start9 drive updated to a 2 terabyte one. So we are future proof for the next don't know, actually. Don't know how quickly the change is growing, but let's say a couple of years at least. Yeah. Yeah. I I suppose it depends how many, how many JPEGs we get minted on the chain. So that's, that's future proof me now. Give me a bit more space, some breathing room to mess around with some other apps on there. And the bitcoin.guide onion service is finally back up after being down for probably an embarrassing amount of time. I wanna say a couple of years maybe. It used to be ran on a Raspberry Pi, which died when I did some house rearrangements, and it just never got put back up.
And now that I upgraded my Start 9 to a large drive and it's got more space to do non Bitcoin essential things like lightning and and electric server and stuff, I used the Start 9 pages application, which is basically just like, just upload the website files to to your server. It spits out an onion address. And, yeah. So if you visit the only version of my website, then you are literally pinging my Start9 that's sat right next to me right now, which I think is pretty cool. That's very cool. And if you wanna visit, you can go to zed x no. I'm joking. I'm not gonna do that. Just go to bitcoin.guide in the Tor browser, and it'll pop up in the address bar to say onion available. And you could just click on that and be fully on the onion service there. Unless you would just bookmark the the actual onion once you're there. So, yeah, that was good. Finally, that was a a nagging bug that I not a bug, but something that I've been meaning to get fixed for, again, an embarrassing amount of time. But, thank you to those few people that kept DM ing me about it and holding me responsible. You can now leave me alone.
I listened to the new show with Seth yesterday, mate. Very, very exciting. And I actually learned quite a lot. I've never ever professed to be much of a Monero maximalist or even a Monero fan, to be honest with you. Obviously, you know, fully understand and appreciate what it can do for people and have used it, you know, a handful of times in the past, but that show was very, very enlightening for me. Some stuff, you know, I'd kind of heard of before, but it was great to get Seth's insight into kind of the history of it and, like, what's been recently going on and stuff. So that was very useful for me personally. So to the both of you, thank you, and I'm looking forward to the next one as well. But, how's the reception been?
[00:13:25] Unknown:
Well, firstly, appreciate that. Glad to hear that you enjoyed it. And it's been the same feeling for me as, like, I get to learn about something I'm interested in from someone who really fucking understands it. And so I'm kind of like any noob listener, so I'm just kind of learning as I go, which is really cool. Reception has been way, way different than I thought it was gonna be. I'd said to my missus, like, she was going out with the kids on Sunday, and I was like, look. I'm gonna take a couple of hours if it's alright just because I'm gonna get a load of fucking abuse. And I just I don't wanna just have a clear head for, like, a couple of hours of battle with all these circle jerking cunts, and it just never came. It was just like it just was never there. I was like, what the fuck is going on? I was expecting, like, you shitcoiners.
Fuck you. I'm not ever listening to your show again. You fucking all that stuff. And then just it never came. It was like, oh, great show. Loved learning about this. Thanks for doing this. We got a share from the Monero account and, like, all these different people sharing it and stuff. And I was like, I don't think there was one comment until I in fact, even when I poked the hornet's nest and was like, will one of you cunts please attack me? Like, I like, even then, it was like someone really nice respectfully, like, you know, what do you think about using Lightning as a spending tool? Do you not think this is more hassle than it's worth? You know, like, not being a dick, like Mhmm. Having a real discussion. I was like,
[00:14:57] Unknown:
this just won't do. We need more hatred here. This is too nice. Perhaps there's, like, something going on that we're not aware of where they're just directing their hate to somebody else and they just used all their energy on them. Maybe your time will come. You never know.
[00:15:11] Unknown:
Well, you guys got much more. Like, Foundation got loads of shit. Well, not loads, but you got a fair amount of shit. And so I was like, I should get, like, at least the same level because I'm being much more of a shit coiner here, but nothing. So Give them time to rally the troops and get the peanut gallery ready
[00:15:28] Unknown:
that's coming.
[00:15:30] Unknown:
Yeah. So no. It's been it's been really good, and it's been nice to hear people enjoying it. And, yeah, I guess maybe it just, fills a void where people are starting to use it a bit more, and they do need a bit of guidance. And, you know, we take for granted a lot of the Bitcoin stuff because we've just done it for so long. It's like, oh, yeah. Well, obviously, you don't do this, and, obviously, you don't do that. And whereas with Monero, it's like most people would have no fucking idea. So, yeah, I think it's gonna be useful for a lot of people. Good. Long, mate, continue.
[00:16:03] Unknown:
Really great to have Seth on board. Oh, yeah. Quite the quite the crew going on now, haven't we? Unbelievable.
[00:16:09] Unknown:
As me and John were saying, it's it's nice to have the balance. You have the special needs crayon eating retails on one end and, the superhumans and robots on the other end. So it's it's a very nice blend.
[00:16:23] Unknown:
Jordan, when you hear this, make sure you include that image in the chapter art because that was, excellent.
[00:16:31] Unknown:
The other thing that, meme that went out, I think, from John, it is definitely wrong with Jordan on that side. Yeah. The things that that bloke does in the background that nobody will ever know and appreciate, astounding.
[00:16:44] Unknown:
Yeah. I, there used to be a joke about me having, like, a a robot army of robot bitches to be able to achieve that. To be able to achieve all the things that I used to achieve. I think we need to shift that meme over to be about Jordan now because I cosigned everything you just said. Like, dude's a a fucking machine. He really is.
[00:17:05] Unknown:
Never talks about anything. He just, like, does a load of stuff, shares it in private message, like, oh, yeah. I've done this. It's really cool. And then, like, never takes credit for it. But, if you're listening, Jordan, which you obviously are, you little cunt, we appreciate you. It was nice to hear him on the 2 recap shows actually. Yeah. It was really well. To be an annual tradition. Yeah. I think so. I think it was really good. He warmed up much more in the second half as well. He was like, oh, I don't wanna be in with you 2 cunts. Like, this is this is not really my scene. I just fix things in the background. But no. It's Yeah. It was really good to have him on. It can be daunting. Like, I remember recording my first podcast. And even though they're not live and you know, like, the person can edit out or edit it to make you sound smarter, which thankfully you do for me.
[00:17:51] Unknown:
When you first do it, like, I I remember the first time we record, like, it's it's really nerve racking. So I understand where he was coming from in in wanting to kind of just be the the guy in the shadows that pulls all the strings and tells us that we're all fucking useless. Yes. Yes. He
[00:18:05] Unknown:
does. One of the things he's been badgering me about for ages now is to update and get a proper Albie hub because the custodial Albie thing that we've been using for linking for the pod 2.0 stuff. They're stopping doing that. I kept putting it off and putting it off and putting it off. And today, I've just realized I can't send or receive anything. I've got funds locked in there. Luckily, not too much. But yeah. And now I'm like, he was right yet again. I should have got on this. But I'm just having a fucking stressful day with lightning as per usual.
I tried fixing this morning my own lightning node. So I did all the updates, went on to my start 9, updated everything, updated c lightning, and everything else that I needed to. And then I was like, oh, I'll update Zeus as well. So I updated that and then checked on the channels and did everything else. And I was like, oh, okay. What I'll do is I'll do another test transaction because the last, like, 20 transactions I've tried to make have all failed. Just fail, fail, fail, fail, fail every fucking time. I was like, I'll try and do a test, went across to try and send some stats to ourselves, and obviously can't. I can't receive. I can't send. So I'm still not sure if my own private one works. Now I have to set up this Albie hub. I've set that up on my start 9 so that we can receive and send again as Ungovernal misfits.
But I have this concern about privacy on the receiving side. My level of understanding on some of this stuff is just not good enough to be comfortable with it, and I don't wanna, like, take people like, oh, yeah. It's fine. Like, hand wavy. And I'm like, no. I'm not leaking my IP address. Do I set this up on my start 9 at home, or do I consider because I also run a, what's it called, Luna node. Yeah. Luna Node and BTC pay. So do I then set it up on there because then it's not linked? Blah blah blah. And I'm so that's my day to day outside of, like, recording with you and trying to edit is like, the fuck do I do with this lightning stuff?
[00:20:12] Unknown:
Jordan's the man for that. He'll help you fit too. But yeah. I think if you've already got that VPS spun up through BT PACE server, you should be able to do something there, surely.
[00:20:21] Unknown:
I would think so. But I was thinking, well, they've got this Alby Hub integration on the Start9
[00:20:27] Unknown:
because I'm not sure. I don't think you are with Start9 because all all of their services are rooted over Tor. I don't think you even have the option to to do, like, local IP addresses or anything like that. So I think you're right. But that will, obviously, because it's Tor only, give you, like, latency and probably fail payments and stuff like that, which is where the VPS would would make things a lot faster because you could have you know, you could still have a an Tor exposed version for Tor only nodes, but then have a clear net one where it's just a VPS IP address that is,
[00:20:59] Unknown:
that you're sharing, so to speak. Because we've already got one set up I set up the other day for BTCPay. So we now have Lightning and Monero and On Chain Bitcoin, and I've set that up. But then I'm like, I don't want to, like, commingle funds of, like, what's coming in this podcasting 2.0 to what's coming That's true. For clothing. It would have to be a separate wallet within BTCPay, and I'm not sure if you can do that. So, anyway, it's just these are the these are the struggles of being a fucking midwit with all this, tech stuff. It's just confusing.
[00:21:34] Unknown:
You could definitely have separate wallets. I just don't know how that would work on the lightning side of things. So, obviously, there's still only one node. Yeah. Look forward to an update in 2 weeks when you fix it all. Right, mate. We've been going for like 22 minutes already. And we haven't even hit the news. So shall we? Yeah. Let's get into it. Okeydoke. So the travel rule raise its ugly head again. So just a quick reminder for those that, don't remember what it is or don't care. The travel rule is an anti money laundering measure, again in air quotes, that was proposed by our good old friends at the Financial Action Task Force, FAF.
Oh, yeah. Which requires financial institutions to transfer a sender's identifying information, such as name address, to the receiver's financial institution. As of so, obviously, financial action task force, I believe, is an American thing. But as we all know, when America sneezes, the whole world catches a cold. On the 1st January 2025, these, rules have been extended to take effect into the EU as well. Joy. So couple of quotes here from the Rage article which will be linked in the show notes. What have we got here? VASPs, virtual asset service providers, are required to obtain and hold the information of the self hosted address and ensure that the transfer of crypto assets can be individually identified.
Basically just nullifying the whole point of why we're even here. And assess whether that address is owned or controlled by a a CAS peer, which I presume is customer wallet, for any amount that exceeds over €1,000 for
[00:23:18] Unknown:
now. You can bet your bottom euro that that will quickly be lowered in years to come. Even if it isn't, you know, even if it stays at $1,000, like $1,000 in today's euros in today's money compared to the next 3 years, it's like, okay. Suddenly, what does a $1,000 or a €1,000 buy you is like a fucking loaf of bread. Mhmm. You literally wanna order a coffee. It'd be like you have to fill one of these things out. Yeah. Exactly. Yeah. It's disgusting.
[00:23:45] Unknown:
I'll tell you what did make me laugh. Obviously, Strike is the kind of mobile app exchange type thing that, is now global. Started off in the US is now global. Obviously, they've complied by these rules, and there was uproar on Twitter about it. I'm like, why how are you even shocked by this that strike is following the rules? It's a regulated KYC exchange. But yeah. Anyway, so that you know, if you're a if you're a striker
[00:24:10] Unknown:
boy. Oh, go on. It's because the CEO wears a hoodie and says yo. And so people get confused. They're like, hold on. But he he definitely wears a hoodie, and he definitely says yo, which means that he must be, like, the plebiest of the plebs and, like, he's like, fuck the system and fuck the state. And that's where the confusion lies. They don't understand that actually behind the hoodie and the yo has a business that he wants to defend, and that comes first. So he is going to comply with every single fucking regulation forever
[00:24:41] Unknown:
until he either goes pop or closes down. Yeah. Exactly. Shouldn't be a surprise here that a KYC exchange is is, playing ball. I just I just learned something new, actually. There's 2 ways that they suggest that you can, you know, verify this noncustodial address where you're sending to and from this exchange. To verify noncustodial addresses, VASPs can require users to submit screenshots, use third party services, or use protocols such as the Address Ownership Proof Protocol, the AOPP, which if you remember a couple of years ago, SAMRISE is shining a very bright light on the slippery slope that this kind of thing, was doing. But they also there's an another one, which I obviously, I don't use KYC services, so I've never heard of this until now. There's been termed the Satoshi test in which users are required to make a microtransaction to the VASP before initially initializing a transfer of funds. I've never heard of that before.
All of which could be spoofed, by the way. Like, if, let's say, I was buying on strike and sending it straight to Max. Obviously, Max could just do all of that sort of stuff for me and pretend to be me, whether it's an address sign, a satoshi test, or all that other bullshit. So
[00:25:52] Unknown:
Yeah. Yeah. It makes very little sense. What I would say to people is, like, if you are using these services at all, it really, really should only be one way. It really should be only if you have some k y c Bitcoin that you bought before you knew better, and you decide, I no longer have Whirlpool. They know that I have this anyway. All this information is gonna be shared from every single exchange that I've potentially bought it from. I'm gonna be on a list. They're gonna see how much exactly that I have. And then on chain analysis is incredibly easy to see that, right, you withdraw from this exchange. It's now gone to one address, and it sat there for however many years.
If you're gonna use an exchange or something like strike or whatever, it should only be one way, which is from Bitcoin to Fiat. You get out, and then you buy an OKWSC Bitcoin. And you you have proper Bitcoin that can't be fucked with from that point. That should be the only reason that you're using these services. Anything other than that is gonna be a problem. And if you're doing that, you don't get involved in this whole travel rule fucking nonsense bullshit. It will just be sell, done.
[00:27:04] Unknown:
Yeah. Nailed it. Okay. More regulation news. The IRS, again, an American Think, has finalised a rule subjecting non custodial trading services to IRS reporting requirements going into effect in 2027. Now non custodial trading services is quite a broad, category. The rule affects provision sorry, providers of, quotes, front end services, including browser extensions, apps, and websites offering digital asset trading services. Like swap services and stuff then? Yep. Swap services, Robosats, Huddl Huddl, anything like that that operates presumably in the US is gonna fall under this. So this could be pretty big. I love this quote. The rule is meant to ensure that all taxpayers play by the same set of rules and have access to the information they need to file their taxes accurately.
[00:28:00] Unknown:
Amazing.
[00:28:02] Unknown:
Ah, dear. So, yeah, it seems as though this could be very much pointed at things like, again, Robosats, Bisc, etcetera. How successful that would be, I don't know. But,
[00:28:13] Unknown:
it seems like they're widening the net as to how and where their grubby little mitts can reach. Which is, again, should not be a shock to anybody. We've been literally harping on about this forever. And, also, like, how ridiculous that you make a system so shit that people go, oh, this is so terrible that we have to go out of our way to make a separate system. Everyone's gonna attack. The UX is gonna be fucking disgusting. There's massive perceived risk. You're gonna go through massive stress with these huge draw downs and everything else over the years. You have to learn all this extra new stuff. And then if it does well, the same cunts who made the shit system that was so bad that you had to escape from and go through all that hassle go, oh, you've done quite well here.
We want that. Like, that is mental. Anyone who's playing around with that game is not understanding what this thing is about. You either exit that system and exit it properly, or you don't do it at all. It's it's ridiculous.
[00:29:16] Unknown:
Yeah. The only I'm not gonna call it a saving grace or positive, but the only thing that kind of books the trend with governmental kind of announcements like this is that they have actually provided more clarity than I was expecting. According to the Treasury, the final rules announced today do not change or impose any new tax obligations on digital assets. It's just a case of trying to chase those people who they think are not gonna pay it. Mhmm. The final regulations do not treat operators of digital protocols or developers of protocol software as brokers and makes a distinction between what it defines as basic wallet features, such as offering the signing transaction, signing of transactions via private keys, and, quote, DeFi front end services.
A DeFi front end service, according to the regulations, can be defined as screens, buttons, forms, or other visual elements incorporated into websites, mobile apps, or browser extensions that users can use to trade digital assets in their unhosted wallets. It's basically just describing all of our favorite tools, essentially, isn't it? Yes. Yeah.
[00:30:23] Unknown:
Well, at least it's clear. Clarity is better than the muddy water that we're normally swimming around in. So
[00:30:30] Unknown:
Mhmm. Yeah. Indeed. Okay. Next up on the list. Bit of a random on this, but I thought it was it was interesting as to what it might bring in the future. Tether of the Tether coin has pumped a whopping $775,000,000 of investment into Rumble, the YouTube challenger. Mhmm. The only reason I wanted to mention this really is that, number 1, Tether have got a lot of fucking money. Yep. And number 2, I hate the YouTube monopoly. I am a, through gritted teeth, YouTube premium subscriber because I watch that much YouTube. I just can't deal with the ads anymore. Yeah. Yes. I know there's things like New Piper blah blah blah, but you can't get that on your laptop or your TV, etcetera. So I'd be good to pay for it. So, Rumble seems like it could be the the lead challenger at the moment, irrespective of this kind of news announcement. So it was quite interesting to me to see Tether throwing their weight behind that, and, clearly, they've got a huge runway now to kind of take a big massive swing at YouTube to try and knock them off the top spot. Obviously, I don't think that's gonna be an easy thing to to do, but and you can also bet your bottom dollar that obviously Tether, you know, its underlying and the people behind it, like, Paulo, very much Bitcoin heads. And, the Rumble CEO has already kind of alluded to the fact that they would love to do some sort of, like, Bitcoin integration or well, obviously, they didn't use the Bitcoin word, but, hopefully, if Paolo's there and throwing his millions around that, we could, you know, see some sort of Bitcoin integration so that, you know, we can go a bit like the value for value stuff that we talk about all the time, but for for video. Throwing his 100 of 1,000,000 around. Yeah. Just just casually investing 775,000,000 into into something.
[00:32:18] Unknown:
I have a suggestion for them now that they have $775,000,000 to, improve Rumble. Okay. Could you, make it possible that I can upload a fucking video? Do you reckon you could do that? Because it is impossible.
[00:32:35] Unknown:
Oh, really?
[00:32:36] Unknown:
Ten times in a row the other day, just fail, fail, fail. Crown was doing it. I was frustrated. Then Crown was messaging me all frustrated as well, like, fucking Rumble. It's so shit. And Jordan tried. That failed as well. So we've been trying over the last 6 months to lean into Rumble. Whatever we manage to actually upload, we get fuck all views, no interest. I don't know what we're doing wrong. We're obviously doing something wrong. We get nothing from it. And then, like, YouTube is just easy. Like, upload done. Right. That works. People view it. Good. Rumble, terrible.
[00:33:08] Unknown:
Absolutely fucking terrible. It's very analogous to Twitter and Nostra, isn't it, at the moment? Like, everyone's familiar with Twitter. That's where you get your most engagement, and, you know, that's where the most people are. Nostra's like the challenger, blah blah blah. And it's, you know, it's quite analogous to that, really. It's just kind of early and Yeah. I suppose so. But, you know, you would think the $775,000,000
[00:33:30] Unknown:
a company that is there for people to view video content would make it possible that someone who has video content could upload that video content so that people could view that video content. That would be
[00:33:43] Unknown:
a good start. There you are, Rumble. I'll give you that for free. There's some free advice. I've I've never tried it from the the kind of creator standpoint of any ever watched videos on it, so good to know. They have also, confirmed. I've just seen further down the news article that they're gonna allocate 20,000,000 of that into a a new kind of Bitcoin Treasury. So seems like they are kind of gonna be a a quote, unquote Bitcoin company as well. Okay. Receiving investment from Tether. So Okay. More power to them. I'd love to see YouTube toppled. Really would. Me too. Me too. Okay. Next up, Foundry, the mining pool company.
Again based in the US. On December 19th, they mined block number 875,475, which included a Bitcoin transaction where the user inadvertently paid an 8.18 Bitcoin fee. 91,127 times more than necessary to be included in that block. Yeah. So Foundry mined that block. They got the extra 8 Bitcoin in fees, and they have returned it to the customer. So fair play to them. Well, not fair play necessarily. Who was the customer? Was it a normal person,
[00:34:55] Unknown:
or was this another PayPal? In which case, I'm gonna lose my shit. Because if it's them again, oh my god.
[00:35:03] Unknown:
The details of the person who did the fat finger incident, have not been released, so at least I haven't found them. So Okay.
[00:35:10] Unknown:
Yeah. Maybe just an individual user with a big stack who's fucked up. In which case, then I kind of like that because, you know, if that's like a family man and this somehow messed something up and that's, like, their life savings and Foundry give it back, I'd be like, fair play. That's nice of you. But if it's Yeah. If it's like PayPal, I'd be like, fuck you. You absolute gums. Does beg a question looking at this through the other lens, though. Right?
[00:35:36] Unknown:
You you're more of a mining expert than me. Foundry, can anybody point their hash at Foundry? Is it just like any other pool?
[00:35:43] Unknown:
Well, 2 things there. First of all, calling me a mining expert is a massive stretch. I'm a retard with lots of friends who know a lot. Yeah. John and the whole Plebminer group with just so much knowledge at my fingertips. So I kind of I guess I am, but through them, I don't even have a bit tax running. So, yeah, certainly not a mining expert. But I think I might be wrong, but I think with Foundry, you can. But don't you have to comply with some
[00:36:12] Unknown:
Probably some ESG bullshit or something like that, is it? Or like a block list or like something like that? Oh, it will be, yeah, the the OFAC list. Yeah. I think it might be that. You have to, like, comply with that. John will correct me, I'm sure. But, yeah, I I think I think that's the case anyway. So the reason I raise that is if I add my hash pointed at them and I got a fat fee because of that and then that was then snatched from under me, I'd be pretty pissed at that point.
[00:36:41] Unknown:
Yeah. Good point. I guess it hurts a bit less with them because you're, like, part of a massive pool. It's not like you're solo mining, and then, like, you're like, fuck. We've actually just we just got this, and then, like, it gets ripped from under you. It's like probably over the course of the month or the year, it's it's, like, negligible.
[00:37:00] Unknown:
Yeah. And I'm sure with it being an American company, it's probably drawn up in the contract that you have to sign to be part of that pool that they have the final say on how fees are distributed. I'm I'm sure there's some small, small print there. Yeah. I'd imagine so. But, yeah, good point. Like, it's certainly for the smaller pools and pools where people are solo mining and stuff like that. It's like that would be a massive, massive kick in the teeth. And then what's the right thing to do? If you were that individual that got the 8.81 BTC feedback, I guess double congratulations are in order because number 1, you got your fees back.
And number 2, like, if you're in a position where you've got 8 Bitcoin output, then you're doing alright. So again, congratulations. Well done. Fair pleasure. Okay. Last item on the news list, multi coin wallet, Tang I don't know how to say this. Tangem or Tangem? Tangem? Tangem. Tangem, which I've not really heard much about. Yeah. Multi Wallet Tangem fixes bug exposing user private keys. And just to clarify, this is a quote, unquote hardware wallet designed to be keeping your keys offline. Oh. So on December 29th, Reddit user blah blah blah raised concerns that Tangem had not promptly addressed the security issue, alleging that private keys were stored in email histories and potentially in Tangem's internal systems.
The user also mentioned that a prior Reddit post about the issue had been mysteriously deleted. Oh, dear. Oh, god. So a couple more quotes here. Okay. Tangem acknowledged the flaw the next day, December 30th, and released a bug to fix to resolve it. So affected users include individual individuals who activated a wallet using a seed phrase and contacted Tangem's support team through its dedicated app within 7 days of wallet activation. Okay. So it looks like what's happened is they've got this hardware wallet and a and a companion app, very common thing to do. And if you've done that and contacted their support within 7 days, presumably, as part of that support contact, it would send, like, a a bug report to the developers so that they can see what's going on under the hood in presumably the app and, like, some pruned kind of data for the the wallet. Again, I'm just kinda casting aspersions here.
Unfortunately, it looks like that also included your seed phrase. Quality. Which, yeah, not good. The project estimates that the issue potentially affects less than 0.1% of its user base, and affected users are urged to move their funds out of potentially compromised wallets. Yeah. No shit.
[00:39:44] Unknown:
If anyone's listening and they're a heavy, tangible maximalist, let us know. But I assume this is maybe not that many people.
[00:39:51] Unknown:
I yeah. Oh, it looks like it's kind of like, an NFC card type thing. So maybe it's not, quote, unquote, hardware wallet. It's it's more like an NFC card with a companion app. But, yeah, not great either way. So if you are a user, then maybe just have a read through the blog post, which will be linked in the show notes, and make sure that you're safe. Yeah. Good advice. Okay, mate. Right. Boosts. So we hit some boosts. 1st lot of, 2025. Let's go. Okay. I'll go first. Late stage HODL, 25,000 sats. Wow. Okay. Thank you, sir. Baller. Well, yeah, it says 25,000 sats, but Jordan being the useless individual that he is when he's Mhmm. Actually typed it out or copy pasted it in, it actually says 250,000 sats.
Oh. But the comma is in the wrong place. So it's 25, comma, 0. Just can't get the work. Sort yourself out, Jordan. Jesus Christ. Thank you, Lazy Shuttle. Barnminer needs to make hotter jerky. Ah, yeah. That reminds me. We were talking about Barnminer's journey journey. Jerky, weren't we, like, on the last show? I still need to get that to you. So let's link up offline how to make that happen. Barnminer, I haven't forgotten. We just, we live at opposite ends of the country. And, Max doesn't trust me with this address, so we need to find some carrier pigeons to to get them. Have you tried yours yet? Well, no. I wanted to wait so we could do it together. Oh, what did you get? I I also don't want it to go off, so I might actually try it today. So yeah. Okay. Barn Manor needs to make hotter jerky. The mild is a waste of time. Well, Barn Manor, if you're listening, I know you've had some feedback there from Late Stays Holdings.
Max, what the fuck is jouffre? Got it. To spell that for you, Mac. Oh, you can read the boost. You you know what I'm talking about. After multiple attempts to Google it, I see it's Jalfrezi. Never heard of her.
[00:41:43] Unknown:
Not cultures enough. You haven't lived if you haven't had a Jalfrezi.
[00:41:47] Unknown:
Yeah. Indeed. Co sign that one. 8th Mithrandir, 17,777 sats. Tell us how much you hate KYC Bitcoin for the new Bitcoiners who only know how to buy Bitcoin with their IDs. I think you kind of
[00:42:01] Unknown:
did that about 10 minutes ago when we were talking about Stripe, didn't you? I did go off on a bit of a rant. Well, why don't you cover this one? Just do, like, a a nice synopsis.
[00:42:10] Unknown:
Yeah. So if you don't wanna listen to me ramble for the next few minutes, just go to no kyconly.com, and that will give you some kind of longer form content. It's a website or a single page that I kind of built to explain all of the risks with KYC. So allow me to do a quick summary. So KYC, know your customer, basically just means that whenever you interact with a a regulated Bitcoin service, you need to register all of your information with them to be able to do business with them. Most common one would be kind of an exchange where you'll have to give your name, address, passport, your cousin's middle name, your dog's shoe size, and more often than not, a video of you kind of saying some random words, again, to prove that these aren't kind of stolen credentials.
Those are then sent to that business for them to store for an indefinite amount of time such that if a government ever says give me all of your or not, if when a government says give me all of your customer information because we wanna see who the Bitcoins are, they've got that on hand to be like, yep. Sure. Here you go. No problem. The problem with that is that most well, a lot of these services are very, very, very shit at looking after this information. So what that means for you, as the person that's providing the information, is that it falls into the wrong hands very frequently, and it only takes a single hack for it to then be sold on a darknet market, somebody to buy your credentials. And then they can go and use that to do whatever they see fit on darknet markets and whatnot or whatnot. Even darknet markets. They can just essentially use your information without you knowing it. Obviously, not ideal. It also puts you at risk because if that information contains your name and your address, and by proxy, the fact that you're a Bitcoiner because you're signing up with Stripe or with Binance or something like that, then that might make you a very big target for somebody to come round to your house, stove your head in, and kind of steal your seed words from out of your hands. The flip side to that, I guess, if I was to put my government hat on, which I don't do very often, but to kind of straw man it or steal man it, I don't I never know which way around to go with that one, is that they do this to kind of stop money laundering and prevent criminals from being able to send all of their cocaine money through Binance and convert it into Monero and then Dogecoin and stuff so they can clean it all.
Unfortunately, via their own metrics, the success rate of actually stopping this sort of stuff is laughably small versus the amount of risk that it poses regular users like you or I in terms of a lost information or stolen information being fallen into the wrong hands and putting us at risk for the reasons that I've just said. So if all of that sounds as horrifying as it should to you, then just don't use these services. Take a little bit of time out of your day one weekend and just learn how to use something like Bisc or something like Huddl Huddl or Robosats, All of the above, I've got guides on my website for all of them such that you can buy Bitcoin from another person where you don't have to provide all of that egregious amounts of information that I mentioned earlier, and you can just obtain Bitcoin in a more private manner. None of which is illegal, by the way. It's all completely legal. It's just not through a regulated exchange. It's fully peer to peer where you would send somebody your pounds or your dollars, and then they send you the Bitcoin. Yeah. That was a beautiful
[00:45:19] Unknown:
summary. That was lovely. But I'll just add one more thing is that you can also other than using those services, if you really want to not even share your banking details with any other person because you don't know who's on the other side. Mhmm. The other thing that you can do is you can consider mining. You can check out the shows I do with John for that or join the Blood Miner Mafia if you want some information on that. Or get yourself to meetups where a lot of people either earn Bitcoin and need to sell for cash or whatever. So you might be able to do it there, which is much better because then there's no trace of what you've done because you've done it in cash. They don't necessarily have your details because you don't have to give them all your information. Or provide a service or some goods that Bitcoiners want, like Barnumand is doing with his jerky, and you get stats for that. So there are other ways. It's a little bit more effort, but in the long run, it's gonna keep you and your family much, much safer and the government out of your business. 100%. Cosign, and thank you for adding the extra context. Yeah. Very, worthwhile exploring those sort of options.
Rod Palmer, 10000 sats. Merry Christmas to my favorite Bitcoin podcasters.
[00:46:31] Unknown:
Oh, praise indeed.
[00:46:33] Unknown:
Oh, that is lovely. It looks like that cigarette in mouth. Just mumbled it out with a cigarette in mouth. How many podcasters do you reckon he's told that to? Just us. We are genuinely his favorite. Oh, thank you, Rod. Yeah. He listens to 40 hours a week just of us.
[00:46:49] Unknown:
On repeat.
[00:46:50] Unknown:
Yeah. Huxley with 69,021 sats. Thanks, lads. Thank you, Huxley.
[00:46:57] Unknown:
User 33152226 with 6,666 sats. The amount of my last boost elicited a chuckle from Max, so I decided to do it again. Copy. I was waiting for the circle. I think it was,
[00:47:14] Unknown:
one was, like, a really godly message, and then there was 666 underneath. I think that's where the chuckle came from. But thank you, mate. Yes. Thank you, sir. Water time. Fuck. Should we do it together? Water time. Water time. 5000 sat. Sat. Boop. Boop. Beers. That was nice.
[00:47:34] Unknown:
I'll let you do this one.
[00:47:35] Unknown:
Lincoln Park rules. Here we go. 5000 sats. Q. I hate to tell you this, but it's your lack of channels. It's about the roots, not the wonderful balancing you do. Winky smiley face. Show note. The Bitcoin brief will cease being the show where we read XMR chats because we've now got a monthly Monero chat for that. However, if you want your XMR chat read on the Bitcoin brief, make sure to indicate it in the message you leave. Thanks, the management.
[00:48:10] Unknown:
I love that he dubbed himself the management. The management.
[00:48:13] Unknown:
What do they need to put then? Just maybe put, like, TBB for Bitcoin brief or something like that. Just put that at the top or any other show that you might listen to. You can do the same for, you know, the ones that do with John or, whatever. Just put, like, a little note if it's not specifically for Monero Monthly, because I'd still like to get those for this show. I think they're some of the,
[00:48:33] Unknown:
some of the best ones we get, actually. Indeed. Yeah. I'll let you fight that out with Jordan. Okay. Alright. Yeah. He's shaming me about my my lack of channels again. Oh, he he talks to me about it every day like I care about your channels. Always lightning shaming me. Yeah. Okay. Fine. I'll open another lightning channel.
[00:48:53] Unknown:
Chad Farrow missed from Take the Winds. Oh, okay. So we missed that one out. With 3,333 stats, CurioCaster boosting from CurioCaster to make sure you guys aren't just checking fountain for boostograms and all gold, he caught us out as well. Fuck. Long live lightning, 333 stats. CurioCaster. Suck it up, Max. You're a professional podcaster now. Get well soon. Suck it up. I guess my sickness.
[00:49:24] Unknown:
I have never heard of CurioCaster.
[00:49:27] Unknown:
Yeah. I've heard of it, but I've never used it. Curio Castor. Okay. Interesting. I think Jordan does it. Of course he does. He mentioned it the other day in our round up. Thank you very much, Chad Farrow.
[00:49:39] Unknown:
Pies? Before I read this, this we've got a quick note from Jordan. Another one. I I secretly think he wants to be on this show. Yeah. Have you noticed there's a marked increase in producer notes and notes from the management? Yeah. Yeah. Jordan, if you wanna join us, you're more than welcome to. Yeah. Just let us know, mate. Note from Jordan. One of the reason Pye is a great man is because he boosts incrementally through the show. You get a lot of insight into what The Misfits like and don't like. That's a good point. Time stamping. And then ironically, we've got 2 boosts from Pie, both of the same value. So, George, I don't know what he's talking about.
1,000 starts. Merry Christmas, you bloody British cunts. And another 1,000 starts to say, fucking intro to as way too long bruh, fucking Brits.
[00:50:25] Unknown:
Can't even
[00:50:26] Unknown:
speak. Yeah. Can't we?
[00:50:28] Unknown:
Fuck. I know. Which one's he talking about? Oh, he's talking about because when I did the 3 Christmas carols slash ad read things Oh, okay. The software that I was using, I refused to pay the extra money to, like, be able to shorten them. So they had to be, like, 2 and a half minutes long. And I did one as the intro, and then I did one specific one as an ad read slash song for foundation, and I did one as an ad read slash song for for cake. And so you had 2 and a half, 2 and a half, 2 and a half. So I can understand that, Pies.
[00:51:04] Unknown:
That makes no sense. You have to pay to make it shorter.
[00:51:08] Unknown:
Yeah. We I think you have to pay to have to be able to adjust things. Like, I had very little adjustments that I could make, and I was like, I'll get this done. They turned out alright anyway. If you have no idea what we're talking about, please go back to the last, bit of a brief and just sit through the intro. It's it's very much worthwhile.
[00:51:25] Unknown:
Final one for Pies. Glad I got to hear you 2 cunts before I headed out to celebrate Christmas. Merry Christmas, you ungovernable motherfuckers. But also don't forget and then he's done all of his wonderful emojis that tell us that England is shit and America's wonderful. England's shit. America's wonderful.
[00:51:39] Unknown:
Fisting someone, got a gun, fisting someone again, mushroom beers, and a salute. Thank you, mate. Cheers, boys. FOMO chronic with 1,001 sats, no message. BTC on board, hashtag lnharms or hashtag CTV. 300 stats with a little thumbs up and a lightning. Selmimax
[00:52:04] Unknown:
I'm glad you attempted that one. Oh, I've no. That's a really weird, like, character type. Selmimax like it's written in Arabic or something.
[00:52:11] Unknown:
Yeah. Well, no offense to whoever you are. I hope I'm pronouncing that right. I'm sure I am. Selmi Maximacomone. 1,000 sats. Merry Christmas. Merry Christmas to you. User 5135-8842.
[00:52:25] Unknown:
Brackets. Again, another note from Jordan here. Jesus. Must be the same person who boosted 6,666 sats. Well, this time they boosted a 100 sats. Well, listen to the the boost. This time it was a 100 sats, but they said the amount of my last boost are listed as shuffle from Mac. So I decided to do it again. Oh, okay. So my my guess is that fountain was a bit glitchy, and, they did it twice. But we appreciate the extra stats. Thank you.
[00:52:53] Unknown:
And finally
[00:52:54] Unknown:
Got the call, mate. Here you go. Final one from Nosta Gang. Shout out, Nosta.
[00:52:59] Unknown:
A 100 stats. Thank you for your precious time and energy. And then there's lots of love hearts. Aw. Thank you. There are all different types of love hearts as well. There's like a the double love heart, which is like the big one and the small one together, stars either side, one with looks like it's beating, one looks like it's beating faster, and there's a purple one. That's just really nice to see. So thank you. Thank you for all your love. And also Jesus Christ. Another note from Jordan.
[00:53:23] Unknown:
Also, thanks to all the streamers out there. No. For real, though. Yeah. Thank you to everybody that streams. I know you don't, kind of get the the shout outs that you deserve because we kind of read the boost, and that's just the way it's structured. But, if you are streaming Sats, even if it's as little as 1 or 2 Sats a minute, we appreciate you. We see you. We do. And we love you. We appreciate you and love you. And,
[00:53:43] Unknown:
just before you carry on streaming right now, it might be worth just checking that I have sorted all this lightning stuff out because otherwise, it goes into the void. So, maybe if you are doing that, just stop just for a second just to check that they are going through just for this next episode because I have a feeling I might have some issues. You know, you said it goes into the void. I reckon Oscar just funnels it all off, and he's gonna buy a mansion soon. Yeah. Yeah. He's already got mansions. I met him the other day. We went around for tea. And I was like, oh, I'm just pulling up. He was like, at which wing? I'm at the east wing, mate. And he was like, okay. I'll I'll send a driver around. So he's definitely, swimming in south, that guy. Yeah. And he walked in and said, yeah. Thanks. You paid for this. Yeah. I saw this from you. The void currently isn't Oscar. It would be it would be Albie. Because whatever goes to Albie now, I cannot take out. It just says users fee credits, and then you click as fee credits. And it's like, what are fee credits? And it's long fucking ramble about stuff, and I'm just like, whatever. I mean, luckily, there's not too much in there. Yeah. There's nothing more infuriating than, like, a I call it a support loop where it's like, click here to learn more, and then it's like, click here to file a complaint or to speak to us. And then you go back to where you started, and it just makes me wanna gouge my eyes out. Yeah. I've just accepted that the sats that are on there are lost forever, and that's a donation to Alby, which I'm I'm sort of okay with with the amount that's on there because it's been very useful for us over the last 6 months to a year or whatever, and I've not paid them anything for it. So that's okay. But, I just wanna get it sorted today so I don't suddenly get a a really generous boost that I lose or we all lose.
[00:55:26] Unknown:
Okay. Let's hit some updates and releases. Nunchuk have launched Taproot Multisig Wallets in beta version on their mobile application. Quick quote. In our ongoing commitment to improving Bitcoin self custody, we're thrilled to announce the Taproot Multisig Wallet, a new type of multisig that leverages Taproot Schnorr signatures and the Muse Sig 2 protocol to offer greater privacy and lower on chain fees. Very cool. I think this is, the first mainstream Taproot Multisig Wallet that I'm aware of, unless you know of any, mate. No. So quick, TLDR on kind of why this is cool, enhanced privacy for start off.
When you spend from this type of wallet, it looks as though you're just spending from a traditional single signature wallet. So you get improved privacy over a traditional multisig wallet where you kind of have to every time you spend, you have to reveal part of the script, which kind of tells the world that this address, belongs to a multisig wallet, which, again, is or can be detrimental to your privacy.
[00:56:29] Unknown:
It's harder to hide in a crowd kinda thing. Right. Exactly.
[00:56:33] Unknown:
Yeah. Whereas with this type of wallet, you look exactly the same as any other Taproot output, which obviously is kind of like a growing field of Bitcoin users for want of a better term. Yeah. You also get lower fees through, again, Schnorr signature aggregation. Not to be confused with cross input signature aggregation, which we've spoken about previously. But, again, because it all boils down to what looks like a single signature on chain, you only pay for that single signature footprint versus a traditional multisig where you might have to pay for 2 or 3 or 7 depending on the kind of configuration. So, yeah, longer waited. This is one of the main killer use cases for the Taproot upgrade. So it's nice to see that we're finally getting some user facing software so that people can kind of put this into practice and actually use it in the real world. Once again, it is a it is a beta feature, so don't go throwing your whole stack in there right now. Maybe just test it out with Testnet if they offer that functionality for this part of the wallet. And if they don't, then just start with some small amounts. Mhmm.
As, with all of their big releases, Nunjerk have put out an excellent blog post, which we will, of course, link in the show notes if you wanna go and dive in. But, yeah. Hats off. This is very cool. Okay. Our friends over at Seedhammer have announced their Seedhammer version 2.
[00:57:54] Unknown:
This looks really cool.
[00:57:56] Unknown:
Yeah. Do you wanna give a a quick, rundown of what Seedhammer is? And then I'll I can chime in with, like, what the version 2 is and why it's better.
[00:58:04] Unknown:
Yeah. So Seedhammer was maybe a year ish ago, it feels like it was released. More than that, I would say. Was it I sort of lose track of time. A year, 2 years maybe. It was a device where you would cut out into a plate your seed words and then all the other information that you'd need for Multisig. You would have a very clean looking and very clear printout, and this machine would do it for you rather than sitting and stamping for, like you know, if you're doing multisig and you're doing multiple copies of each plate and then you're doing what is it? Is it the config file? What's it called? The The descriptor. The descriptor. That's it. Yeah. The descriptor. If you're doing the descriptor as well, like, you'd be sat there for probably a whole fucking day.
So this thing does it all nicely and neatly for you. And of all the gadgets that I've seen in Bitcoin world, this is the one that really I get pulled to over the last couple of years. I really if I was ever gonna splurge, I'm like, oh, I'd fucking love to play with one of these.
[00:59:06] Unknown:
Yeah. So the version 2, is much, much, much smaller. It fits well, it says that their quote is it's smaller than a 21 centimeter cube and weighs less than 4 kilograms. So you can actually fit this into a backpack. That's way smaller. Yeah. The last one was a bit of a beast. Like, you were fitting that into a backpack easily, unless you were very, very strong. So, yeah, I don't know what they've done with the price. The new one is $399.
[00:59:35] Unknown:
I can't remember what the old one is if I'm being honest. Oh, the old one was way more than that from memory. Yeah. I seem to remember it being, like, maybe $1500
[00:59:44] Unknown:
or something. Oh, shit. Okay. So big big reduction. Now if I'm gonna be honest, it's fucking loud.
[00:59:53] Unknown:
Like, have you ever heard one running? No. But I I have heard metal engraving before, so I can imagine. So,
[01:00:00] Unknown:
they bought one over to our booth in Riga 1 year, and our booth is kinda like in the middle of the the hall. And they were like, do you wanna see how it works? And naively, I was like, yeah. Sure. Go go ahead. Yeah. They plugged it in and like as soon as they turned on the whole conference hall, just turned down the stair doors. It was so fucking loud. I don't I don't know whether the the new one's any quieter or not. But, yeah, it's good to see that they're iterating. It looks like a much more polished product and significantly smaller than the old one. So shout out to, the team now. I've I've I've shared many a beer with those guys. They're they're a really good bunch. Yeah. I really like it. I think it's really cool product. And if you've ever sat and stamped
[01:00:38] Unknown:
multiple plates, you would think, actually, whatever you said, $350. If you're doing this and testing things a lot and setting up multisix, it it could well be worth doing, especially if you're, like, a nice person you think, oh, set other friends and family up if they wanna use it. That would be nice. I think the only concern for me, it was then and it is now, is, like, not being so technical. I do always worry about, okay, this is printing information, which means it's linking to some type of computer. What if something stored that I don't want it to store or accidentally stored in there or is somehow intercepted in some way? Or now I share this, Like, I use it. I make my seeds, and then you're like, oh, okay. Can I borrow it, mate? And I'm like, yeah. Of course, you can. And then somehow you can see my seeds. Or there's just those sort of fears which, go through my head, and I'm almost certain they've been, dealt with, but it's yeah. It's just I can't help but like, I know when I have a hammer in my hand and a and a plate and I'm sat in my garage with no the computers or phones or images, I know, like, okay. We're cool. Like, it might be long and annoying and stressful than, like, take the whole day, but I'm comfortable with that because it's just me and a hammer. Yeah. Absolutely. They are obviously well aware of that because,
[01:01:57] Unknown:
a quote from their Nostopost, the control board and LCD are designed designed to be replaced, so you can safely share a Seedhammer 2. A replacement kit for the control board is $89, which they say is comparable to the cost of a manual engraving kit. Yeah. So you could kind of like I don't know. Let's I'm trying to, like, think of a use case here. Let's say you're part of a meetup. There's 20 people in your meetup. You can throw in a couple of dollars each to purchase this and then go and buy your own control board each so that, you know, you can amortize the cost.
And, you know, you can all use this machine, but in a much more trustless way where, you know, the owner of the machine can't be, you know, at risk of kind of locking everybody's seed and descriptors.
[01:02:41] Unknown:
Yeah. That's quite a nice use case. Like, one or one of these Bitcoin bars or meetups or even even just, like, groups of friends. You know? If you got, like, 4, 5, 6 people who are, like, close, you could maybe do that. But, yeah, I I think $350. Like, it depends how much you value your time, but it also takes out the errors because I've stamped plates before, and then I've checked and double checked and been like, ah, shit. I fucked that up. Like, this is a problem or that's a problem and, like, then you gotta get another plate. You know, if you've been doing it all day, you can get a bit tired and just like, oh, you just make a mistake. Whereas this, I don't know. I I think there's probably less less margin for error. Mhmm. Yeah. For sure. Couple more new releases.
[01:03:25] Unknown:
There's a software project called, again, I don't know how to say this, BTCEED. The website is btceed.live. It's a web application that provides a visual overview of your Bitcoin HD wallet. You can check, a live version of the website that I've just mentioned here. And, basically, you can obviously, you can and you should run this locally yourself. But if you wanna test it out with, like, a a test wallet or something, basically, you just give it an x pop or a z pop or something like that, and then press submit. And it gives you kind of like a visualization of your your wallet. It goes from the xpub, and then you can see all of your used addresses, and it comes down in kind of like a family tree structure. So if you're kind of interested in testing this out as like a learning apparatus, I guess, to see what your wallet kind of visually looks like in terms of used and unused addresses, I think you can also see UTXOs and stuff, then, this might be a pretty cool project to check out. Obviously, again, just wanna reiterate from a privacy perspective, you absolutely should be running your own instance of this, and they've got that documented as to how you do that as well. But if you just wanna poke around and see what the hell I'm talking about, then they do have a live version that you could just throw in a a random Zedpop Nice. Or xBook. In the same vein, also heard about a new Bitcoin desktop wallet that is called Bitcoin Safe, which is, again, in beta, so use with absolute caution. The reason it came across my radar is they have Passport support, and we've had no interactions with them whatsoever. They've just gone ahead and done it. Admittedly, they do have support for pretty much every single popular hardware wallet on there. I guess that's the beauty of the standards that we all operate on is that you kind of don't really need anything from, say, Blockstream to integrate with Jade or Foundation to integrate with Passport because it's all open source kind of code. So that was cool for the first point, powered by BDK Bitcoin Development Kit, which we use as well at Foundation. So that piqued my interest. And then the third thing in in fact, there's lots of things. I'm just gonna list them because it's very cool. We've got address labeling.
We've got, like, a simple UI version, but also a more advanced one. You can do an encrypted cloud chat between instances. You won't be surprised to hear that it goes over Nosta, which, again, is pretty cool. You can sync to your own Electrum server, but you can also use or you will be able to use CompactBlock filters in the future as well. The UI is very beta at the moment. It looks like it could be a fork of Electrum. It kind of gives me that sort of vibe. The thing I like about it is I'm looking at a they've got a couple of videos on their GitHub of, like, just showing a quick intro as to how to set up a multisig wallet. And they've got, like, a step by step tutorial across the top of the page where it says, okay. 1st step, buy the hardware signers. Yeah. Obviously. Then you label them. Then you generate the seed, and it it, like, ticks them all off as you go through. So I thought that was kind of a neat way to kind of walk people through setting up a multisig wallet. I don't know whether they do this for for other types of wallet, but I thought it was like a kind of novel concept to kind of guide people and give them an idea of kind of, okay. This wallet says there's 10 steps to create a multisig wallet, and I've done the first four. And, you know, I know that I've got the other six things to to kind of go and do before I'm fully complete and backed up and safe and secure.
Again, it speeds software. It's looks a bit rough and ready from a UI perspective, but, yeah, could be a cool one to keep an eye on in the future. Blockstream have launched a new hardware wallet. Have you seen this one? Well, I say new. I'm gonna use new in in inverted commerce.
[01:06:51] Unknown:
I've seen people talk about it. I've seen images of it, but I haven't dug into it at all, if I'm honest. Yeah.
[01:06:58] Unknown:
They it looks like they've upgraded the Jade, basically. It's called the Blockstream Jade Plus. The new device features a larger display, intuitive controls. I'm not sure what constitutes intuitive controls, but a durable casing, an improved camera, air gapped firmware upgrades, and hardware authentication, all at a price point of $169. So it seems like, you know, it's a very similar form factors to the old one, just a bit bigger with a brighter screen and stuff. So it's for me, it seems like more of a kind of incremental improvement than a new device per se. But, again, I'm kind of arguing over semantics here. Did the old one have a camera built into it? It did. Yes. Yeah. I'm not sure what the old one run on, ran on. Excuse me. But the new one is, an ESP 32 s 3 chipset for for the tech nerds out there. I think the old one might have been an ESP 32, but I'm guessing that, they've kind of got an upgraded version of it as well.
Okay. The the UI looks basically the same as the old one, albeit, you know, displayed on a on a bigger screen. And via a USB c drive, SD card support. Yeah. So it now comes with a USB dongle so that I presume that you can use it with your computer
[01:08:10] Unknown:
as well. Yeah. Bluetooth so that you can use it with your computer as well as your phone, which obviously has Bluetooth built in. Like you say that most most laptops have Bluetooth built in. So perhaps I'm butchering what this, USB thing is for. Seems like quite a lot of people use them. I've never actually had a play with 1, but it seems like quite a lot of people have them, whether it's, like, part of their multisig setup where they have multi vendor, multisig, or whatever. But it seems to be fairly heavily used.
[01:08:38] Unknown:
Yeah. Absolutely. And they they've upgrade I've got one. I, you know, bought it just for to test out and kind of play around with. And they've upgraded all the things or most of the things that I thought the original one needed upgrading on. The the buttons, they had this, like, horrible little click wheel before, which was a bit of a nightmare in my opinion. And the screen was tiny and the camera was shit. So they've upgraded all of those things. So, you know, sounds like they're definitely heading in the right direction to make this a much more usable device. Good to see. And, yeah, fully open source, of course. So, yeah, it's it's always one of my my potential recommendations when people say, you know, I wanna set up a multisig. I'm gonna use a passport, and what else would you recommend? Then Jay is always up there, albeit, you know, with its shortcomings of kind of UI, but I guess I'm spoiled from a passport perspective.
[01:09:26] Unknown:
Yeah. But then also it's like it's a lower price point. You've got that as a potential option, and then you've got seat signer as a potential option and passport. So it's good to have a few options.
[01:09:37] Unknown:
Yeah. Definitely. I thought I thought it was interesting though. I can't remember how much the old one was, but this seems like quite a big price jump. It's basically the same price as a passport now. It's like it's only $20 cheaper than a passport. I'm sure the old one was, like, really cheap. It was, like, $60. So it seems like a big, jump up in price compared to the old one considering it's, like, just a new form factor.
[01:09:57] Unknown:
Yeah. Okay.
[01:09:59] Unknown:
I'm just gonna fact check myself on the the price,
[01:10:02] Unknown:
of the original. I feel like the original or or maybe the original was $99
[01:10:07] Unknown:
or something. Yeah. Sorry. The the old one is £65. So that's probably like $80. So it's it's doubled in price, basically. Okay. Interesting. Okay. Worth checking out though. Okay. Okay. On to the releases or updates. BTC Payserver version 2.0.5. Mainly bug fixes that have been introduced since the the big upgrade that we covered a couple of shows ago of version 2.0. So, quote, most importantly, with the migration of 1 version 1 to 2, battle tested or user upgrading will now seamlessly transition to version 2. So if you were one of the many people, much like myself, that still haven't upgraded to version 2, it seems like they've kind of maxed out most of those folks now. So maybe I'll give that a go before the next show. I'm hesitant. Like, when something works, I just think Especially well. Yeah. If you if it it like, the stakes are higher. Like, the ungovernable store, like, is powered by and all that sort of stuff. Like, I I fully understand.
Yeah. Raspberry Pi Blitz version 1.11.4 has been released, and it adds support for AlbyHub, which we were talking about earlier. For those that don't know QuickTLDR, AlbyHub is a self custodial lightning wallet that combines ease of use, ownership, and seamless connectivity to apps via Nosta WalletConnect. Its straightforward plug in system connects within the integrated Lightning node of your Raspberry Pi Blitz and then allows them to talk to apps across various platforms and operating systems. Nice. Nice work. Haven't heard much from the Raspberry Piets team for a while. Could be because I've not been paying attention, but, yeah, good to see that it's still shipping. Well, I'd they've never been a team that really, like, is loud and talks about what they do. They just sort of heads down and just build. Seed signer release candidate version 0.8.5 rc 1. Emphasis on the release candidate version. This is not a main release. So if you're not happy to go testing, then do not install this. What to test? They have converted and done a full UI translation into Spanish, which is Nice. Very cool. Yeah. I mean, probably again, I don't wanna state a fact here, but definitely in the top 5 spoken languages on the entire earth, I'm sure it's probably higher than that. So it makes sense that they were I think it's number
[01:12:21] Unknown:
3.
[01:12:22] Unknown:
After Chinese and English, is it? I think it's Chinese, English,
[01:12:26] Unknown:
Spanish That makes sense to me. And then I'm not sure what comes after that. Maybe French? Because a lot of Africa is French.
[01:12:33] Unknown:
Yeah. Could be. Well, yeah, if you're a Spanish speaker, please go and help them test this out. And, see sign of the man if you're listening. Well, and the rest of the team. In fact, I'm I can't wait for my Mandarin version of Seed sign. Let's make it happen. Yeah. Let's do it. Samurai Dojo version 1.26.1. We've just got some updated fee estimators and some bug fixes updated to tall versions, etcetera, mainly a stability release. Sentinel version 5.1.1 has been released with improvements and fixes. This release allows fully spent the full spend of a UTXO. You can do this by tapping on the available balance, and you can also enable, scanning of bit 21 URIs. So bit 21 URIs are basically the QR codes or the strings that, encode multiple different payment types within there. So it's kinda like a unified payment QR that can encode a lightning invoice or an on chain address as well. So Sentinel can now deal with those.
They've added street mode for hiding your balance when you're out and about. And they've also let users paste Dojo credentials with full JSON, instead of an API key and a URL. Oh, you can also select which exchange you wanna use for your, fiat conversions as well. Nice. Zeus version 0.9.4, has been released. Nuance here is they've updated the LND version for the embedded node. They've sped up transaction user experience. They have done some bug fixes for CLN. They can now also display key send messages in activity payment views. Wait a minute. Does that mean that I could read oh, no. I was gonna say, could I read boosts in Zeus, but the boost is not The payment is a key send, isn't it? But the message is over Nosta.
So I've got your sight mate. I,
[01:14:32] Unknown:
my honestly, like, I feel like I I know so much less about lightning these days than I did early days. I just sort of, like I get a bit lost with it all now.
[01:14:42] Unknown:
I need to brush up. I I got very excited then, but, no, I I I don't think I'm gonna be able to read my boosts in Zeus. Okay. I will check that, of course, But, I think my my excitement was a bit premature. Okay. And next one, we have Live Wallet version 1.0.0. Quick reminder, we have spoken about this a couple of times briefly, but, Live Wallet is well, it enables you to kind of again, it's one of these that gives you a visualization of your wallet such that you can rather than just seeing a list of kind of, all of your transactions or UTXOs, it puts it in a much kind of I I guess, a way in which you can kind of scrutinize that a little bit more. Mhmm. With this release, they have now added the ability to analyze your transactions and check for potential privacy heuristics that chain analytics companies use to cluster wallets.
So you can go ahead and be a little chain analysis rat on yourself, which is very cool. And they've also added transaction output labeling as well. So, you know, you could go in and see where it highlights that you've got kind of privacy mistakes maybe. From what I've seen of the short video, it kind of highlights those in red. And you can then go and, I guess, kind of toggle them, label them, see whichever all the coins they've interacted with if you if they've kind of been involved in a couple of transactions, etcetera. So, a bit like, I guess, a bit like a a rudimentary OXT type thing. Yeah. Yeah. Yeah. So very cool. I found this one this morning and was very happy to see it.
Do you remember when we were talking about kind of I came up with this, what you called a Rube Goldberg machine Yes. Yes. Where, I was like, you know, a good privacy kind of life cycle in a post samurai era for people that kind of wanted to buy, store, spend with the lightning and Bitcoin stack. If you again, if you have no idea what I'm talking about, go on to my Twitter and just see my pinned tweet. That gives you the lowdown and the step by step. As part of that brute Goldberg machine that, Max kindly dubbed for me was the use of a service called LNProxy. Now LNProxy was kinda like a VPN for your lightning node. The way it worked in the specific scenario I'm talking about is that when you go and do a peer to peer purchase from Robosats, which is a Lightning only peer to peer exchange, rather than me giving my peer or Robosats a Lightning invoice, which would essentially give them all of the details of my Lightning node, I can use this service called LN proxy, where the LN proxy service would kind of wrap the invoice in such a way that the person that's selling me the Bitcoin and Robosats doesn't learn about my Lightning node. They kind of learn about the the proxy Lightning node.
Great in terms of being able to protect my Lightning node details and information from Robosats and from my trade peer. But But how do they have here? Well, yeah, much like a VPN service. It's a trusted relationship between me and LN proxy because they kind of see you know, they're the one that's wrapping the invoice for me so they know that my node exists and can get that information. So that was always, a little bit of a trade off to that solution. Well, that is no longer because as a quick bit of reminder for the context, the biggest limitation of using the lnProxy as a tool to receive payments, like in my scenario, But to do so in a private manner was that the fact that the Relay LN proxy would learn my node ID. They'd learn you know? And they could use that then to go digging and learn more information about my on chain activity that led up to the creation of the Lightning node. Well, now if you run LND, which 99% of the network do, this issue is now solved because the latest version of LN proxy supports blinded paths.
So, the the technicalities of how this is achieved is kind of probably well, not probably. Definitely above my pay grade. But basically what it means is the TLDR is that LN proxy now doesn't learn your Lightning node ID. So that you can use that service as a a hop in the blinded path in a much more private way. So very nice way. That's cool. And so c lightning doesn't yet have this? It's just LND? I believe so. Yeah. Okay. I think c lightning have something similar called I think they have something similar. I can't remember the name of it. Whether or not the 2 were interoperable, I do not know. Okay. Well, I'm glad I'm running Sea Lightning then because that's exactly what I need. If there's anybody listening to this and knows the answer to that question, please do boosting. Yeah. Please do. Okay. Next up on the list, Bull Bitcoin, which is a Canadian based on and off rank. Interesting. I think they do I think they do much more than exchange. I think they also do, like, bill payers and things like that. They also have a wallet, And they've released version 0.4 of it, which also adds support for and I hate this name because it's called Serverless Asynchronous Pay Join Version 2. What a word salad. Which is BIP 77.
Don't get me wrong. This is cool. The bit I draw issue with is calling it serverless PayJoin because well, I won't go into the details because I'll Jordan's got a question for us in the question section. But, yeah, pretty cool that they've kind of adopted. I think they're the 1st wallet to adopt this Pagerorn version 2 standard. Basically, what that means is that whenever you interact with the service and elect to use this Pagerorn service, again, as the clue is in the name, you create and construct and broadcast a Pagerorn transaction, which can help thwart the common input ownership heuristic, which is kind of one of the the main triggers that chain analysis will use to try and track the flow of funds across the network.
How useful that is with a regulated exchange? I question. Because I presume don't speak from experience because I'm not Canadian. But I presume that Bull Bitcoin are KYC in their users. So this seems like, I don't know, to nullify a lot of the benefits of PayJoin
[01:20:49] Unknown:
personally. Like, they could unwind it because they have the information of the inputs. And they, at any point, could be pressured and probably will be pressured by the government to hand those over whether it's today, tomorrow, or in a year, which would unwind all the good. But, yeah, that is the case, but it's still kind of cool to see they're doing something even though that something might well end up being actually nothing in the long run. At least it's an attempt.
[01:21:16] Unknown:
Yeah. And, again, I'm open and I say that as a non Canadian, I don't know the full extent of Bull Bitcoin Services. There is something nagging in the back of my head that says that for some reason, somehow, they still offer some no KYC services. Please, if you're a Canadian, correct me or tell me that I'm right and give me some more context there. I'm I'm sure I've seen Francis, their CEO, talk about the fact that they still do some no KYC stuff. But, again, I I don't know what that is and how it works. Sounds unlikely, but maybe. Especially in Canada. Yeah. But we'll see. Yeah. Yeah. Oh, on the the PayJoint front as well, a awesome developer that goes by Satsie, s a t s I e, who I don't actually know where she works these days. I believe she used to work at Casa, and she's probably at a few other places since then. I'm pretty sure she's left Casa now. But she produces these awesome, like, pocket guides. They're, like, technical Bitcoin stuff. One of which is a Pagerind 1, which covers the original Pagerind and Pagerind version 2. And it's basically just like a a free pocket guide that you can go and flip through. It's got some cool little animations. It's only 8 pages long, and they're tiny little pages, so you'll be able to read through it in just a couple of minutes. But she has a really great way of being able to explain these kind of complex topics and break them down with simple terminology and simple imagery so that you can kind of help understand this sort of stuff. So click the link in the show notes if you wanna see that one. And final piece of the news is that there's somebody else, a new entity. Well, they're not new, but a new availability of the do you remember Nextblock.is, the samurai, fee estimator? I think it used to previously be called the $1 fee estimator.
There's a new instance of that being hosted at nextblock.cypherpunctools.com. Oh, very nice. Good to see that that's been re kind of, reinvigorated. I believe there is a couple of other instances, but trying to think of the names of them now is failing me. But, yeah, this was always a useful tool in my arsenal. So Yeah. It was really useful. Added to my bookmarks.
[01:23:24] Unknown:
Another head of the Hydra. Good to see.
[01:23:27] Unknown:
Yeah. Absolutely. Yeah. So shout out to well, I guess it's whoever's behind cypherpunktools.com has, brought this back online. Okay. Shall we, hit some questions, mate? Definitely.
[01:23:39] Unknown:
Shall I jump on the first one?
[01:23:41] Unknown:
Well, I think it's more for you, this one, hopefully.
[01:23:45] Unknown:
Alright. You should go ahead then.
[01:23:47] Unknown:
Elastos troll on Twitter. I've only ever had my savings in BTC. I moved a large amount into XMR in the last month or 2, and I'm nervous about I'm nervous of its use as a store of value, but I need the privacy it offers. Do you treat XMR purely as a tool when you need it, or can it be viewed similarly to BTC as a long term hold? Good question. I'll I'll answer quickly because you'll probably be able to go into it deeper than than me. I would say no. I would say well, me personally, I I would keep, you know, the vast vast majority of of wealth in BTC because I think that for all its faults, it has much more potential as a as a longer term store of value versus, well, anything else, basically. Appreciate that you have the privacy need.
And I'm guessing if you haven't done so already, go and check out the show with Seth and Max. They actually go into this a little bit around the kind of the use of it and swap services and stuff like that, and that could be pretty useful to you. But, for me personally, I don't wanna speak for Max, but it would be the other way around for me. Yeah. No. I I'm totally with you there. For me,
[01:24:56] Unknown:
if I have any savings, it stays in Bitcoin. I do keep whatever I have in XML, whatever I earn, or whatever I've bought off people. I just keep it in there despite it losing value as a general rule against Bitcoin, because I don't like using the swapping services too heavily for the reasons that me and Seth cover, which I won't go too heavily into now. But there are some, privacy concerns there and also, like, things that can happen down the line potentially. So what I tend to do is whatever I earn, I just keep in there. And, yeah, okay, I might lose a little bit compared to Bitcoin, but, actually, is it any different to holding it in pounds or dollars? Not really. Often, there's a bit of upside.
So I just keep that for spend. Like, if I need to go and buy some petrol or whatever, you can use coin cards or one of these other services. Even through k Qualit, you can do these spends and buy gift cards and stuff like that. So I kind of use that as, like, in the same way that I might keep, like, a £1,000 or £2,000 in my actual bank account because I've gotta pay bills and rent and things like that over the month. I'll keep the minimum amount that I have to to, like, keep me and the family going and the rest in Bitcoin. Mhmm. I kind of use Monero as, like, a second payment account, if that makes sense. It does make sense. Yep. Yeah. Hope that helps. C kelly me 3, Twitter.
Damn, man. You're really kicking off the year screaming. When will the new 2FA password wallet be available? I can't wait to buy it.
[01:26:34] Unknown:
So I presume they're talking about Passport Prime here. They are. Yeah. Okay. Great. Well, you can actually buy it right now. If you wanna sign up to the early access program to be one of the first 1,000 customers to get the first ones off the production line, you can order that right now on our website. But if you'd rather wait for it to be fully, kind of, officially in stock and not part of the the early access beta program, then you can put down a $49 reservation, again, on our website right now to join the queue to be one of the first people after we fulfill those early access program units. Just as a reminder, that's foundation.xyz.
You'll see a big blue reserve button on the home page. And, yes, we are also very, very excited to get it into the the hands of the masses. So thank you for your support. Jordan,
[01:27:18] Unknown:
Twitter. Here he is again. For everyone out there, it would be awesome if q could do a breakdown of Stonewall X 2, Stowaway versus PayJoin V 2. A lot of noise around this PayJoin integration being massive, but I personally don't see it. Drop the knowledge queue.
[01:27:38] Unknown:
Nice. Okay. Okay. We could be here for a while. I'll try and keep it as short as I can. Stonewall X2 was a tool within the samurai ecosystem. I presume it's still in Ashigaru in the kind of in the manual version. I'll get onto that in a second. Stonewall X2 is a 2 person coinjoin collaborative transaction where you and another samurai or ashigaru user or sparrow would pool your UTXOs in such a way that provides deniability as to kind of what's actually going on in this transaction. So an example would be, I need to pay a third party. Let's call them Bob. And I need, or I'm gonna ask Max to do a Stonewall X2 transaction with me so that we can combine and commingle our UTXOs in such a way that it doesn't actually cost Max anything. The overall balance after the transaction is that Max doesn't lose out. Most of the value is well, all of the value comes from my side of things. But the transaction is constructed in such a way that there's kind of a very confusing amount of UTXOs and a confusing amount of outputs, one of which will be going to Bob who I'm paying to I don't know. Let's say, what he's cleaning my windows.
Mhmm. So, yeah, the whole point here is to confuse the transaction graph versus, you know, me doing a simple spend of 1 UTXO to Bob's wallet that it's spend and change. Yeah. Spend and change where it's clear where the transfer of funds has happened, and it's clear exactly how much has been spent as well. So that's what Stonewall X2 is doing. You used to be able to do this over a Tor communication layer called Soroban. Soroban. That is not in Ashigaru right now. Am I correct? I'm not sure. No. I think it is. No. No. Yeah. I think maybe it is. So what that meant was that you could do it remotely, which is obviously kind of a big sticking point. But before that, you also used to be able to do them in person as well. So instead of it doing communication over a TOR encrypted encrypted TOR layer, excuse me,
[01:29:38] Unknown:
you would do, some QR code dances back and forth where I'd scan Max's phone. Max would scan my phone. To be honest, it wasn't a very slick user experience. That's just that was just that's why I was just chuckling there by myself because I was remembering, like, I don't know, 5 years ago, me and you trying to do it just, like, on the phone and, like, alright. You scan that one. Yeah. And and just and you were like, yeah. Yeah. Honestly, it's gonna work now. Fucking did it. But when it did work, it was great. But when it was over, Soroban,
[01:30:07] Unknown:
very slick. He kind of just you know, you can did the spend in a normal way, pointed on Max's pay name to say, you know, I wanna ask this guy to help me do this transaction, and then the one that handled the rest. Yep. Okay. So that's Stonewall X2. That's for me paying to a 3rd party who doesn't have to be kind of a samurai or ashigaru or whatever users. Just they just have a Bitcoin address that I need to pay. Stowaway, again, is part of the the samurai ecosystem and all the other wallets that I've talked about where it's me paying another user of that type of wallet. So this will be useful where I need to pay Max back for some beers. And rather than, again, we do a simple spend where I spend one of my UTXOs to Max.
He gets a little bit of that value, and then I get some change back in such a way that everybody on chain knows that there's been a transfer of funds, and it's a very, what we call, simple spend. Instead, what we would do is a stowaway, which under the hood is kind of a a samurai branded pay join. Again, we would commingle our UTXOs where I would input 1 typically, and Max would input 1 as well even though I'm paying him with the net value obviously being transferred to him over the transaction. So let's say I was spending to max, like, 75,000 sats. You wouldn't actually see an input or an output with a value of 75,000 sats.
So as well as polluting the common input ownership heuristic by me providing an input to the transaction and Max providing 1, we also undermined the amount analysis because the amount that I'm actually paying to Max is a mathematical combination of the inputs and the outputs. You don't actually see 75,000 sats as an output on chain like you would in the traditional. Yeah. Which would which is exactly what you get with a simple spend. Mhmm. Once again, stowaway in the olden days was coordinated via copy and pasting QR codes or long strings of text, which again was, not a great user experience. Or more recently, you could do that over the Soroban layer as well. Now where does this differ Jordan's question, where does this differ to PayJoin V2?
My knowledge of PayJoin V2 is obviously less clear than all of the Samurais stuff because that's an ecosystem I've been involved with for a long, long time. With a traditional pay join, not necessarily a stowaway, there is a pay join standard, which kind of Samurais and and co loosely adopted, albeit they did their own kind of communication stuff over at all. If you were to just do a pay join, let's say from, I don't know, Sparrow to a BTC pay server, one of the prerequisites to be able to achieve that pay join outside of the samurai ecosystem is that one of those parties would have to have an always on server. Now if you're a merchant like Ungovernable, that's not a problem because you have a VPS or a node that's running your B2C pay server. It's, you know, by nature of what it is and what it does, it's always online. That's the whole point. Mhmm. So for that scenario, it worked fine. But if I wanted to pay from my Sparrow to Max's Sparrow in a pay join that wasn't the samurai style stowaway, you can't do it because neither of us had an always on server.
Now this is where page 1 v 2 kind of books that trend and almost brings it in line. I think this is what Jordan's getting at from the question is that kind of brings it in line with the way that the stowaway side of things work, kind of. Don't shoot me down. I know it's not a carbon copy. So with PageOne v two, again, this is why I have the annoyance that they're calling it serverless. Yes. It's serverless in the fact that both end users don't need to have an always on server. But what it does is it migrates the requirement or who runs that server to any other third party, essentially. So you could be a third party and run like a blinded there is a technical term for it, but it is a blinded server that basically is just like a mailbox or a message passer, such that what that means then is that any compatible PayJoint V2 wallet, of which there are only 1 as we've discussed in the last 20 minutes, that would mean that I could pay from my kind of mobile wallet to Max's mobile wallet without needing to have all of the fancy BT pay server and stuff in the background.
Very similar to the way stowaway and stonewall x2 worked over the Sorobank communication layer. So in terms of, like, what it enables users to do, it's very similar. Yeah. I think that's what Jordan's getting at in mentioning that there's a lot of noise around page 1 integration being massive. And Yeah. To be fair, I agree. Yeah. I think it's I think his frustration is not that there's a tool that could be useful. I think, like, it's okay. That's great. I think it's more just yeah. The messaging is that this is massive and groundbreaking
[01:34:42] Unknown:
and that that is, overhyping something that has been around maybe in a slightly different form, but for years years years years. And so I think it's just maybe that it's a little bit dishonest how it's being, marketed is his frustration.
[01:35:00] Unknown:
Yeah. I mean, look. Everybody wants to pump their own buy, and everything that they make is is the best thing since sliced bread. So, yeah, I I get I understand Jordan's frustration. And just to, like, state the obvious here, the reason in PageJoint that you need, like, this server or this or or you used to need this always on server is that it's an interactive thing. You need, like, multiple rounds of communication back and forth to be able to build this transaction in the first place. Yeah. And that's why before Pagerone v 2, you just couldn't do that from mobile wallets and mobile wallet because you might be on opposite ends of the world in different time zones and not able to speak regularly or or whatever. Whereas with PayJoin V2, you can kind of do this in incremental steps via that third party server or mailbox, as I like to call it, where you kinda post your message in there and wait for the other person to post theirs back. So, you know, it might not happen immediately, the transaction, but it does allow for it to happen more asynchronously and for the end users to not need to run a server. But, again, samurai guys, like, fix this problem ages ago in a different way.
Yeah. Designertron33 on Twitter. Why is it taking so long for 2 plus groups to build ARK?
[01:36:13] Unknown:
I thought
[01:36:14] Unknown:
How long did it take, Noah? Yeah. I thought I'd let you on that one. Yeah. I mean, that's an impossible question for a delinquent like me to be able to answer. I'm sure there's a lot of code that needs to be built and tested and then UIs to be built and tested. And, also, I believe the only way to get Arc to really shine is that we need covenants. I believe you can have Arc without covenants, but it significantly diminishes, like, its capabilities and how easy it is to interact with. So my guess is that it's twofold. Number 1, it just takes a long time to build shit properly. And number 2, most people are waiting and hoping for covenants so that when they do put all this effort into kind of build and push ARK, which for those that don't know is like a proposed scaling solution for Bitcoin. That when they build that, they do it on the best possible foundations and and, you know, can get the maximum kind of potential out of it. But, yeah, it's,
[01:37:09] Unknown:
other than that, way above my pay grade. Yeah. And certainly above mine. So, yeah, we'll see.
[01:37:15] Unknown:
Crash Neon X on Twitter. Final question by the way. Are there any coin joins or mixers that are functional enough to be considered right now?
[01:37:25] Unknown:
I'll answer it a different way. There are no coin joins or mixers that I'm currently comfortable using.
[01:37:31] Unknown:
Okay. Interesting. I would say joint market is worth exploring. There is quite a lot of trade offs with it, so just just be careful. But fees are low. You can, you know, achieve better privacy than not using any coin joins or mixes at all with Joy Market. If you're looking for, you know, a solution as to how to get into that, I would say run Jam on a start line and just play around with it, especially while fees fees are low. If we ever go well, not if when we ever go back to a place where on chain fees are, you know, 50, 60, 70, 100 sats per byte, then joint market just becomes prohibitively too expensive for people like me that only have a 100,000 sats total. So other than that, I'm gonna do my lightning shield and say, look. If you can, onboard into Lightning via a no KYC method like RoboSats, then you can get a good level of base privacy without having to jump through additional privacy steps to when you spend.
Don't get me wrong. The actual setup process and getting there in the first place, that is the main hurdle. But, yeah, check out my pinned tweet, and you can kind of read a little bit more about that. Yeah. And maybe using
[01:38:40] Unknown:
some of the post mix spending tools even though new people won't have post mix. Like, maybe, like, you and I could do it, collaborative transactions and things like that to sort of, muddy the waters a little bit and then do a lightning open or do a do a swap to Monero and then back out again to break that link. Again, issues potentially there, but,
[01:39:03] Unknown:
there are other ways. Yep. As always, trade offs all the way down to the bottom.
[01:39:08] Unknown:
I think that's a good way to finish out the show.
[01:39:11] Unknown:
It is indeed, mate. Yep. I, once again, just wanna say thank you to everybody for their support in 2024. Everybody at the Ungovernable team, it was a fucking whirlwind of a year. But we really appreciate all your support, and, looking forward to making even more waves in 2025. Oh, oh, oh, do you wanna tell for those that didn't see it on the socials where Ungovernable placed in the fountain charts?
[01:39:36] Unknown:
Was it number 3,
[01:39:38] Unknown:
I believe? Ungovnaible Misfits was the 3rd most listened to podcast on fountain
[01:39:44] Unknown:
Yeah. In the entire list. Like, beating some very big boys to the In the world. The podium. Yeah. Yeah. I was blown away by that. And, you know, obviously, that would not have happened without every single one of you listening to this right now. So, again, I've said it a 1000000 times on the show already, but thank you. Thank you. Thank you. Yeah. Massive thank you to everyone. It's been pretty amazing watching how Under Governmental Misfits has grown. I really do appreciate it. Every time that you mention the show to someone or share it and get more people listening, it seems like those listeners are are sticking and staying around and that we've got something that they like. So I'm very, very happy to hear that. And we will catch you on the next one. Cheers, mate. See you in 2 weeks.
Bitcoin is close to becoming worthless.
[00:00:11] Unknown:
Bitcoin.
[00:00:16] Unknown:
Now what's the Bitcoin?
[00:00:19] Unknown:
Bitcoin's like rat poison.
[00:00:20] Unknown:
Yeah. Oh. The greatest scam in history. Let's get it.
[00:00:27] Unknown:
Bitcoin will go to fucking 0. Welcome back to The Bitcoin Brief, the show where me and q and a catch up every 2 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 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.xyzed. 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, CakeWallet 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.
[00:02:43] Unknown:
Happy New Year, mate. Happy New Year to you too. Yes. It's, feels like longer than 2 weeks since we last recorded with all the festivities. How were your celebrations?
[00:02:54] Unknown:
They were lovely. Ate too much. Lots of presents for the kids. Not a lot of sleep, but no sickness. So it was all
[00:03:02] Unknown:
lovely. What about you? Pretty much the same. Yeah. Really. House got decimated with an ungodly amount of new toys that little one absolutely does not need. Yeah. Just trying to find space to put all of those. I think I need to do a a recycling trip to get rid of some old shit to fix and bring for some new stuff. But, thoroughly good times had by all. Yeah. Much like yourself. Eat too much, drank too much, and was by the time it rolled around to, like, the New Year's Eve, I was all but checked out of eating and drinking. Did you ever have you on New Year's Eve, probably not knowing you with you with kids? No. I haven't had a drink for, like,
[00:03:41] Unknown:
6 months, 7 months, something like that. What a guy. Yeah. Yeah. I haven't been drinking. I did the same last year. I did, like I think I did, like, 9 months last year, and it was, like, the last 6 months I haven't. I'm I actually think I may just not drink again because I'm so all or nothing with things. What will happen is I'll, like, just go, I'm not drinking for 6 months. And then I'll be like, I don't know what I'd do or I might catch up with you and a few lads, and then I'll be like, oh, just have a beer, have a few. And then what will happen is I'll just gradually build up over the course of the next, like, 3, 4, 5 weeks to just smashing through a bottle of wine a night or just drinking a quarter of bottle of whiskey a night just, like, casually as I work. And then I go, fuck. This is stupid. This is really bad for me. Don't be a cunt. And then I put it all away, and I go, I'm not drinking again. So I think I might just have to stop.
[00:04:33] Unknown:
Nice. It is a very unproductive, drug, I guess you could call it. Yeah. I'm certainly gonna be one of those dry January wankers where I can't abstain ink, and we're gonna see how long it it lasts. And then properly get on it in February. That's the way. February 1st is gonna get it. No. I'm I'm hoping that I I don't really miss it that much. I wasn't a big drinker in the 1st place, really. It was just kinda like once a week, we'd have, you know, more than we probably should. But, yeah, just trying to keep it clear ahead and refocus and reinstate a state of zen or something like that.
[00:05:09] Unknown:
Yeah. It is nice, though. It's like, I really enjoy a whiskey or 2 or a few beers or something like that. It's just something, you know, like, little bit of a buzz and a little bit of a switch down of your brain rather than thinking about a 1,000 things at the same time, just being a fucking all over the place. Just it slows you down a bit. Yeah. That's that's amazing. Like, if you've had a fucking hectic week and the the kids would be in an absolute nightmare, like, having a beer or a little whiskey does take the edge off a little bit. Yeah. Yeah. So I do like that. I just I I find it's, like, very easy to continue just smashing through. Like, I'll be like, oh, I'll just have another one. Well, I'll just have another one. And it's like that that's where it gets dangerous. Whereas when I used to smoke weed in the evenings, it would just be I never, like it it never snowballed.
It was always like, I'll do all my work, I'll do all my stuff, I'll do my gym, I'll come home, and when there's fuck all else to do, which is before kids, because, obviously, there's never nothing to do now, I'd then sit down and just go, I'll roll a little joint. I'll have that over the course of, like, the next hour, and then I'll fuck off to bed. And it was lovely. And I never it never did more than that. No matter how how long it went on, I never needed more than that. But with alcohol, it's just a different story.
[00:06:22] Unknown:
Same for me with with, the weed as well. But the the problem is I get the munchies too far too easily, so I just end up smashing, like, just raiding the kids chocolate covered and just being an absolute reprobate.
[00:06:36] Unknown:
And the unproductive
[00:06:37] Unknown:
day the following day I always found was like I never got that. No. I never really got that at all. Like I I could happily get up at 5 o'clock the next day and just crack on with work again. I didn't really it was mainly the food shaming, self shaming the day after when you see all the empty wrappers.
[00:06:53] Unknown:
Yeah. You walk down and just everything's crunching under your feet. Just wrappers.
[00:06:58] Unknown:
Yeah. Pretty much. Yeah. So none of that for at least in January for me anyway. So any any other resolutions for you, mate?
[00:07:05] Unknown:
Again, always extreme one way or the other. I've gone full carnivore Oh, okay. Day 6 now, and 1 meal a day. Oh, you fucking animal. Why? Yeah. I know. It's just oh, gosh. Just an absolute can't, aren't I? I don't know why I just can't fucking just have some sort of moderation in life. So what's the goal? Just to lose some fat because I got a bit fat. I did a load of bulking, put on, like, 15 kilos, and then I was like, a decent amount of this is fat. I could I could easily lose, like, 10 kilos. That would be fine. So I was like, well, I just need to lose some fat now. The most effective way is just fasting and training as I normally do fasting and just going carnival. But it is like, there's been a couple of days where I've been a bit like, oh, feel a bit like almost a bit woozy or a bit like, I'm like, fuck. I'm actually proper hungry now. Mhmm. Because when I'm eating, it's like, you know, it's been 24 hours or whatever. Like, today, I'll probably eat at, like, 4 o'clock, and then it will be like, I don't know, a couple of burgers and a steak or something like that. And then there's nothing for another 24 hours, and I'm still training and doing everything else. So it's pretty tough, but it's too early to sort of know. But I, like, feel feel a bit less of a fat cunt, so we'll see.
Alright. Cool.
[00:08:24] Unknown:
Well, more power to you. Yeah. We we've kinda talked about mine really off the beer. No, edibles or weed. Yep. Yeah. Just refocus a bit really. Back in the last year, work wise, and just kind of Bitcoin focus wise, pretty much just took over my life at the expense of, you know, more important things. So trying to just have a bit more of a refocus and obviously not shirk my responsibilities, but, you know, make sure that I'm spending as much time as I should be with with friends and family and stuff and try and get that balance restore that balance now that the crazy times have, subsided a little bit.
[00:08:58] Unknown:
Until March?
[00:09:00] Unknown:
Yeah. Yeah. Well, you say until March, but, like, we've actually gotta finish building the thing before March. So I think it's wishful thinking that the the crazy times have ended. Maybe it's just the the calm before the the second storm. Yeah. I think so. Well, don't wanna sound ungrateful. I say the the the reception, the order volumes have been, you know, truly humbling. So thank you to everybody that's kind of got involved and shared their feedback and most importantly placed an order as well. Very, very exciting and very, very, very motivating as well. So thank you. It's been quite funny, like, having people
[00:09:37] Unknown:
message like, people I know who are, like, into Bitcoin, but not, like, nerdy cunts. They'll occasionally message me and be like, oh, I'm thinking about doing this. What should I use? But and a lot of the time, people don't really take the advice. And at least 2 or 3 people who have asked me about like, oh, yeah. I wanna update my security. It's normally when there's a bit of a price run. Mhmm. And I'll always say like, yeah. Yeah. Here. Just go and buy a passport. And and they've been like, yeah. No. I don't know. It seems like a lot of effort. I'm not sure. And I'm like, it really isn't. And they're like, yeah, not sure. And then they messaged me again, and I sent them the Passport Prime, and both of them just went straight out and bought them. Interesting.
Yeah. So it's like I don't know if it's because it's like that full screen looks a bit like a phone, and they've gone, yeah, they've gone, oh, I could do that touch screen.
[00:10:25] Unknown:
Maybe something to do with that and maybe something to do with the backup process. But, yeah, both of them just straight away, like, yeah, we've we've ordered. And I was like, oh, fucking hell. That was easier this time. Nice. Yeah. I think the familiarity piece is probably a a lot has a large part to play there. It just looks like a phone, doesn't it? Basically, everybody's used to having a little slab of glass in their in their pocket that they interact with a 1000000 times a day. So I was a betting man, I'd say that that's probably, a big part of it. But, yeah, thanks for the shilling, sir. Yeah. Always shilling. Over the Christmas period, I have also managed to do some, non foundation related Bitcoin work for my own personal stack.
Finally got the Start9 drive updated to a 2 terabyte one. So we are future proof for the next don't know, actually. Don't know how quickly the change is growing, but let's say a couple of years at least. Yeah. Yeah. I I suppose it depends how many, how many JPEGs we get minted on the chain. So that's, that's future proof me now. Give me a bit more space, some breathing room to mess around with some other apps on there. And the bitcoin.guide onion service is finally back up after being down for probably an embarrassing amount of time. I wanna say a couple of years maybe. It used to be ran on a Raspberry Pi, which died when I did some house rearrangements, and it just never got put back up.
And now that I upgraded my Start 9 to a large drive and it's got more space to do non Bitcoin essential things like lightning and and electric server and stuff, I used the Start 9 pages application, which is basically just like, just upload the website files to to your server. It spits out an onion address. And, yeah. So if you visit the only version of my website, then you are literally pinging my Start9 that's sat right next to me right now, which I think is pretty cool. That's very cool. And if you wanna visit, you can go to zed x no. I'm joking. I'm not gonna do that. Just go to bitcoin.guide in the Tor browser, and it'll pop up in the address bar to say onion available. And you could just click on that and be fully on the onion service there. Unless you would just bookmark the the actual onion once you're there. So, yeah, that was good. Finally, that was a a nagging bug that I not a bug, but something that I've been meaning to get fixed for, again, an embarrassing amount of time. But, thank you to those few people that kept DM ing me about it and holding me responsible. You can now leave me alone.
I listened to the new show with Seth yesterday, mate. Very, very exciting. And I actually learned quite a lot. I've never ever professed to be much of a Monero maximalist or even a Monero fan, to be honest with you. Obviously, you know, fully understand and appreciate what it can do for people and have used it, you know, a handful of times in the past, but that show was very, very enlightening for me. Some stuff, you know, I'd kind of heard of before, but it was great to get Seth's insight into kind of the history of it and, like, what's been recently going on and stuff. So that was very useful for me personally. So to the both of you, thank you, and I'm looking forward to the next one as well. But, how's the reception been?
[00:13:25] Unknown:
Well, firstly, appreciate that. Glad to hear that you enjoyed it. And it's been the same feeling for me as, like, I get to learn about something I'm interested in from someone who really fucking understands it. And so I'm kind of like any noob listener, so I'm just kind of learning as I go, which is really cool. Reception has been way, way different than I thought it was gonna be. I'd said to my missus, like, she was going out with the kids on Sunday, and I was like, look. I'm gonna take a couple of hours if it's alright just because I'm gonna get a load of fucking abuse. And I just I don't wanna just have a clear head for, like, a couple of hours of battle with all these circle jerking cunts, and it just never came. It was just like it just was never there. I was like, what the fuck is going on? I was expecting, like, you shitcoiners.
Fuck you. I'm not ever listening to your show again. You fucking all that stuff. And then just it never came. It was like, oh, great show. Loved learning about this. Thanks for doing this. We got a share from the Monero account and, like, all these different people sharing it and stuff. And I was like, I don't think there was one comment until I in fact, even when I poked the hornet's nest and was like, will one of you cunts please attack me? Like, I like, even then, it was like someone really nice respectfully, like, you know, what do you think about using Lightning as a spending tool? Do you not think this is more hassle than it's worth? You know, like, not being a dick, like Mhmm. Having a real discussion. I was like,
[00:14:57] Unknown:
this just won't do. We need more hatred here. This is too nice. Perhaps there's, like, something going on that we're not aware of where they're just directing their hate to somebody else and they just used all their energy on them. Maybe your time will come. You never know.
[00:15:11] Unknown:
Well, you guys got much more. Like, Foundation got loads of shit. Well, not loads, but you got a fair amount of shit. And so I was like, I should get, like, at least the same level because I'm being much more of a shit coiner here, but nothing. So Give them time to rally the troops and get the peanut gallery ready
[00:15:28] Unknown:
that's coming.
[00:15:30] Unknown:
Yeah. So no. It's been it's been really good, and it's been nice to hear people enjoying it. And, yeah, I guess maybe it just, fills a void where people are starting to use it a bit more, and they do need a bit of guidance. And, you know, we take for granted a lot of the Bitcoin stuff because we've just done it for so long. It's like, oh, yeah. Well, obviously, you don't do this, and, obviously, you don't do that. And whereas with Monero, it's like most people would have no fucking idea. So, yeah, I think it's gonna be useful for a lot of people. Good. Long, mate, continue.
[00:16:03] Unknown:
Really great to have Seth on board. Oh, yeah. Quite the quite the crew going on now, haven't we? Unbelievable.
[00:16:09] Unknown:
As me and John were saying, it's it's nice to have the balance. You have the special needs crayon eating retails on one end and, the superhumans and robots on the other end. So it's it's a very nice blend.
[00:16:23] Unknown:
Jordan, when you hear this, make sure you include that image in the chapter art because that was, excellent.
[00:16:31] Unknown:
The other thing that, meme that went out, I think, from John, it is definitely wrong with Jordan on that side. Yeah. The things that that bloke does in the background that nobody will ever know and appreciate, astounding.
[00:16:44] Unknown:
Yeah. I, there used to be a joke about me having, like, a a robot army of robot bitches to be able to achieve that. To be able to achieve all the things that I used to achieve. I think we need to shift that meme over to be about Jordan now because I cosigned everything you just said. Like, dude's a a fucking machine. He really is.
[00:17:05] Unknown:
Never talks about anything. He just, like, does a load of stuff, shares it in private message, like, oh, yeah. I've done this. It's really cool. And then, like, never takes credit for it. But, if you're listening, Jordan, which you obviously are, you little cunt, we appreciate you. It was nice to hear him on the 2 recap shows actually. Yeah. It was really well. To be an annual tradition. Yeah. I think so. I think it was really good. He warmed up much more in the second half as well. He was like, oh, I don't wanna be in with you 2 cunts. Like, this is this is not really my scene. I just fix things in the background. But no. It's Yeah. It was really good to have him on. It can be daunting. Like, I remember recording my first podcast. And even though they're not live and you know, like, the person can edit out or edit it to make you sound smarter, which thankfully you do for me.
[00:17:51] Unknown:
When you first do it, like, I I remember the first time we record, like, it's it's really nerve racking. So I understand where he was coming from in in wanting to kind of just be the the guy in the shadows that pulls all the strings and tells us that we're all fucking useless. Yes. Yes. He
[00:18:05] Unknown:
does. One of the things he's been badgering me about for ages now is to update and get a proper Albie hub because the custodial Albie thing that we've been using for linking for the pod 2.0 stuff. They're stopping doing that. I kept putting it off and putting it off and putting it off. And today, I've just realized I can't send or receive anything. I've got funds locked in there. Luckily, not too much. But yeah. And now I'm like, he was right yet again. I should have got on this. But I'm just having a fucking stressful day with lightning as per usual.
I tried fixing this morning my own lightning node. So I did all the updates, went on to my start 9, updated everything, updated c lightning, and everything else that I needed to. And then I was like, oh, I'll update Zeus as well. So I updated that and then checked on the channels and did everything else. And I was like, oh, okay. What I'll do is I'll do another test transaction because the last, like, 20 transactions I've tried to make have all failed. Just fail, fail, fail, fail, fail every fucking time. I was like, I'll try and do a test, went across to try and send some stats to ourselves, and obviously can't. I can't receive. I can't send. So I'm still not sure if my own private one works. Now I have to set up this Albie hub. I've set that up on my start 9 so that we can receive and send again as Ungovernal misfits.
But I have this concern about privacy on the receiving side. My level of understanding on some of this stuff is just not good enough to be comfortable with it, and I don't wanna, like, take people like, oh, yeah. It's fine. Like, hand wavy. And I'm like, no. I'm not leaking my IP address. Do I set this up on my start 9 at home, or do I consider because I also run a, what's it called, Luna node. Yeah. Luna Node and BTC pay. So do I then set it up on there because then it's not linked? Blah blah blah. And I'm so that's my day to day outside of, like, recording with you and trying to edit is like, the fuck do I do with this lightning stuff?
[00:20:12] Unknown:
Jordan's the man for that. He'll help you fit too. But yeah. I think if you've already got that VPS spun up through BT PACE server, you should be able to do something there, surely.
[00:20:21] Unknown:
I would think so. But I was thinking, well, they've got this Alby Hub integration on the Start9
[00:20:27] Unknown:
because I'm not sure. I don't think you are with Start9 because all all of their services are rooted over Tor. I don't think you even have the option to to do, like, local IP addresses or anything like that. So I think you're right. But that will, obviously, because it's Tor only, give you, like, latency and probably fail payments and stuff like that, which is where the VPS would would make things a lot faster because you could have you know, you could still have a an Tor exposed version for Tor only nodes, but then have a clear net one where it's just a VPS IP address that is,
[00:20:59] Unknown:
that you're sharing, so to speak. Because we've already got one set up I set up the other day for BTCPay. So we now have Lightning and Monero and On Chain Bitcoin, and I've set that up. But then I'm like, I don't want to, like, commingle funds of, like, what's coming in this podcasting 2.0 to what's coming That's true. For clothing. It would have to be a separate wallet within BTCPay, and I'm not sure if you can do that. So, anyway, it's just these are the these are the struggles of being a fucking midwit with all this, tech stuff. It's just confusing.
[00:21:34] Unknown:
You could definitely have separate wallets. I just don't know how that would work on the lightning side of things. So, obviously, there's still only one node. Yeah. Look forward to an update in 2 weeks when you fix it all. Right, mate. We've been going for like 22 minutes already. And we haven't even hit the news. So shall we? Yeah. Let's get into it. Okeydoke. So the travel rule raise its ugly head again. So just a quick reminder for those that, don't remember what it is or don't care. The travel rule is an anti money laundering measure, again in air quotes, that was proposed by our good old friends at the Financial Action Task Force, FAF.
Oh, yeah. Which requires financial institutions to transfer a sender's identifying information, such as name address, to the receiver's financial institution. As of so, obviously, financial action task force, I believe, is an American thing. But as we all know, when America sneezes, the whole world catches a cold. On the 1st January 2025, these, rules have been extended to take effect into the EU as well. Joy. So couple of quotes here from the Rage article which will be linked in the show notes. What have we got here? VASPs, virtual asset service providers, are required to obtain and hold the information of the self hosted address and ensure that the transfer of crypto assets can be individually identified.
Basically just nullifying the whole point of why we're even here. And assess whether that address is owned or controlled by a a CAS peer, which I presume is customer wallet, for any amount that exceeds over €1,000 for
[00:23:18] Unknown:
now. You can bet your bottom euro that that will quickly be lowered in years to come. Even if it isn't, you know, even if it stays at $1,000, like $1,000 in today's euros in today's money compared to the next 3 years, it's like, okay. Suddenly, what does a $1,000 or a €1,000 buy you is like a fucking loaf of bread. Mhmm. You literally wanna order a coffee. It'd be like you have to fill one of these things out. Yeah. Exactly. Yeah. It's disgusting.
[00:23:45] Unknown:
I'll tell you what did make me laugh. Obviously, Strike is the kind of mobile app exchange type thing that, is now global. Started off in the US is now global. Obviously, they've complied by these rules, and there was uproar on Twitter about it. I'm like, why how are you even shocked by this that strike is following the rules? It's a regulated KYC exchange. But yeah. Anyway, so that you know, if you're a if you're a striker
[00:24:10] Unknown:
boy. Oh, go on. It's because the CEO wears a hoodie and says yo. And so people get confused. They're like, hold on. But he he definitely wears a hoodie, and he definitely says yo, which means that he must be, like, the plebiest of the plebs and, like, he's like, fuck the system and fuck the state. And that's where the confusion lies. They don't understand that actually behind the hoodie and the yo has a business that he wants to defend, and that comes first. So he is going to comply with every single fucking regulation forever
[00:24:41] Unknown:
until he either goes pop or closes down. Yeah. Exactly. Shouldn't be a surprise here that a KYC exchange is is, playing ball. I just I just learned something new, actually. There's 2 ways that they suggest that you can, you know, verify this noncustodial address where you're sending to and from this exchange. To verify noncustodial addresses, VASPs can require users to submit screenshots, use third party services, or use protocols such as the Address Ownership Proof Protocol, the AOPP, which if you remember a couple of years ago, SAMRISE is shining a very bright light on the slippery slope that this kind of thing, was doing. But they also there's an another one, which I obviously, I don't use KYC services, so I've never heard of this until now. There's been termed the Satoshi test in which users are required to make a microtransaction to the VASP before initially initializing a transfer of funds. I've never heard of that before.
All of which could be spoofed, by the way. Like, if, let's say, I was buying on strike and sending it straight to Max. Obviously, Max could just do all of that sort of stuff for me and pretend to be me, whether it's an address sign, a satoshi test, or all that other bullshit. So
[00:25:52] Unknown:
Yeah. Yeah. It makes very little sense. What I would say to people is, like, if you are using these services at all, it really, really should only be one way. It really should be only if you have some k y c Bitcoin that you bought before you knew better, and you decide, I no longer have Whirlpool. They know that I have this anyway. All this information is gonna be shared from every single exchange that I've potentially bought it from. I'm gonna be on a list. They're gonna see how much exactly that I have. And then on chain analysis is incredibly easy to see that, right, you withdraw from this exchange. It's now gone to one address, and it sat there for however many years.
If you're gonna use an exchange or something like strike or whatever, it should only be one way, which is from Bitcoin to Fiat. You get out, and then you buy an OKWSC Bitcoin. And you you have proper Bitcoin that can't be fucked with from that point. That should be the only reason that you're using these services. Anything other than that is gonna be a problem. And if you're doing that, you don't get involved in this whole travel rule fucking nonsense bullshit. It will just be sell, done.
[00:27:04] Unknown:
Yeah. Nailed it. Okay. More regulation news. The IRS, again, an American Think, has finalised a rule subjecting non custodial trading services to IRS reporting requirements going into effect in 2027. Now non custodial trading services is quite a broad, category. The rule affects provision sorry, providers of, quotes, front end services, including browser extensions, apps, and websites offering digital asset trading services. Like swap services and stuff then? Yep. Swap services, Robosats, Huddl Huddl, anything like that that operates presumably in the US is gonna fall under this. So this could be pretty big. I love this quote. The rule is meant to ensure that all taxpayers play by the same set of rules and have access to the information they need to file their taxes accurately.
[00:28:00] Unknown:
Amazing.
[00:28:02] Unknown:
Ah, dear. So, yeah, it seems as though this could be very much pointed at things like, again, Robosats, Bisc, etcetera. How successful that would be, I don't know. But,
[00:28:13] Unknown:
it seems like they're widening the net as to how and where their grubby little mitts can reach. Which is, again, should not be a shock to anybody. We've been literally harping on about this forever. And, also, like, how ridiculous that you make a system so shit that people go, oh, this is so terrible that we have to go out of our way to make a separate system. Everyone's gonna attack. The UX is gonna be fucking disgusting. There's massive perceived risk. You're gonna go through massive stress with these huge draw downs and everything else over the years. You have to learn all this extra new stuff. And then if it does well, the same cunts who made the shit system that was so bad that you had to escape from and go through all that hassle go, oh, you've done quite well here.
We want that. Like, that is mental. Anyone who's playing around with that game is not understanding what this thing is about. You either exit that system and exit it properly, or you don't do it at all. It's it's ridiculous.
[00:29:16] Unknown:
Yeah. The only I'm not gonna call it a saving grace or positive, but the only thing that kind of books the trend with governmental kind of announcements like this is that they have actually provided more clarity than I was expecting. According to the Treasury, the final rules announced today do not change or impose any new tax obligations on digital assets. It's just a case of trying to chase those people who they think are not gonna pay it. Mhmm. The final regulations do not treat operators of digital protocols or developers of protocol software as brokers and makes a distinction between what it defines as basic wallet features, such as offering the signing transaction, signing of transactions via private keys, and, quote, DeFi front end services.
A DeFi front end service, according to the regulations, can be defined as screens, buttons, forms, or other visual elements incorporated into websites, mobile apps, or browser extensions that users can use to trade digital assets in their unhosted wallets. It's basically just describing all of our favorite tools, essentially, isn't it? Yes. Yeah.
[00:30:23] Unknown:
Well, at least it's clear. Clarity is better than the muddy water that we're normally swimming around in. So
[00:30:30] Unknown:
Mhmm. Yeah. Indeed. Okay. Next up on the list. Bit of a random on this, but I thought it was it was interesting as to what it might bring in the future. Tether of the Tether coin has pumped a whopping $775,000,000 of investment into Rumble, the YouTube challenger. Mhmm. The only reason I wanted to mention this really is that, number 1, Tether have got a lot of fucking money. Yep. And number 2, I hate the YouTube monopoly. I am a, through gritted teeth, YouTube premium subscriber because I watch that much YouTube. I just can't deal with the ads anymore. Yeah. Yes. I know there's things like New Piper blah blah blah, but you can't get that on your laptop or your TV, etcetera. So I'd be good to pay for it. So, Rumble seems like it could be the the lead challenger at the moment, irrespective of this kind of news announcement. So it was quite interesting to me to see Tether throwing their weight behind that, and, clearly, they've got a huge runway now to kind of take a big massive swing at YouTube to try and knock them off the top spot. Obviously, I don't think that's gonna be an easy thing to to do, but and you can also bet your bottom dollar that obviously Tether, you know, its underlying and the people behind it, like, Paulo, very much Bitcoin heads. And, the Rumble CEO has already kind of alluded to the fact that they would love to do some sort of, like, Bitcoin integration or well, obviously, they didn't use the Bitcoin word, but, hopefully, if Paolo's there and throwing his millions around that, we could, you know, see some sort of Bitcoin integration so that, you know, we can go a bit like the value for value stuff that we talk about all the time, but for for video. Throwing his 100 of 1,000,000 around. Yeah. Just just casually investing 775,000,000 into into something.
[00:32:18] Unknown:
I have a suggestion for them now that they have $775,000,000 to, improve Rumble. Okay. Could you, make it possible that I can upload a fucking video? Do you reckon you could do that? Because it is impossible.
[00:32:35] Unknown:
Oh, really?
[00:32:36] Unknown:
Ten times in a row the other day, just fail, fail, fail. Crown was doing it. I was frustrated. Then Crown was messaging me all frustrated as well, like, fucking Rumble. It's so shit. And Jordan tried. That failed as well. So we've been trying over the last 6 months to lean into Rumble. Whatever we manage to actually upload, we get fuck all views, no interest. I don't know what we're doing wrong. We're obviously doing something wrong. We get nothing from it. And then, like, YouTube is just easy. Like, upload done. Right. That works. People view it. Good. Rumble, terrible.
[00:33:08] Unknown:
Absolutely fucking terrible. It's very analogous to Twitter and Nostra, isn't it, at the moment? Like, everyone's familiar with Twitter. That's where you get your most engagement, and, you know, that's where the most people are. Nostra's like the challenger, blah blah blah. And it's, you know, it's quite analogous to that, really. It's just kind of early and Yeah. I suppose so. But, you know, you would think the $775,000,000
[00:33:30] Unknown:
a company that is there for people to view video content would make it possible that someone who has video content could upload that video content so that people could view that video content. That would be
[00:33:43] Unknown:
a good start. There you are, Rumble. I'll give you that for free. There's some free advice. I've I've never tried it from the the kind of creator standpoint of any ever watched videos on it, so good to know. They have also, confirmed. I've just seen further down the news article that they're gonna allocate 20,000,000 of that into a a new kind of Bitcoin Treasury. So seems like they are kind of gonna be a a quote, unquote Bitcoin company as well. Okay. Receiving investment from Tether. So Okay. More power to them. I'd love to see YouTube toppled. Really would. Me too. Me too. Okay. Next up, Foundry, the mining pool company.
Again based in the US. On December 19th, they mined block number 875,475, which included a Bitcoin transaction where the user inadvertently paid an 8.18 Bitcoin fee. 91,127 times more than necessary to be included in that block. Yeah. So Foundry mined that block. They got the extra 8 Bitcoin in fees, and they have returned it to the customer. So fair play to them. Well, not fair play necessarily. Who was the customer? Was it a normal person,
[00:34:55] Unknown:
or was this another PayPal? In which case, I'm gonna lose my shit. Because if it's them again, oh my god.
[00:35:03] Unknown:
The details of the person who did the fat finger incident, have not been released, so at least I haven't found them. So Okay.
[00:35:10] Unknown:
Yeah. Maybe just an individual user with a big stack who's fucked up. In which case, then I kind of like that because, you know, if that's like a family man and this somehow messed something up and that's, like, their life savings and Foundry give it back, I'd be like, fair play. That's nice of you. But if it's Yeah. If it's like PayPal, I'd be like, fuck you. You absolute gums. Does beg a question looking at this through the other lens, though. Right?
[00:35:36] Unknown:
You you're more of a mining expert than me. Foundry, can anybody point their hash at Foundry? Is it just like any other pool?
[00:35:43] Unknown:
Well, 2 things there. First of all, calling me a mining expert is a massive stretch. I'm a retard with lots of friends who know a lot. Yeah. John and the whole Plebminer group with just so much knowledge at my fingertips. So I kind of I guess I am, but through them, I don't even have a bit tax running. So, yeah, certainly not a mining expert. But I think I might be wrong, but I think with Foundry, you can. But don't you have to comply with some
[00:36:12] Unknown:
Probably some ESG bullshit or something like that, is it? Or like a block list or like something like that? Oh, it will be, yeah, the the OFAC list. Yeah. I think it might be that. You have to, like, comply with that. John will correct me, I'm sure. But, yeah, I I think I think that's the case anyway. So the reason I raise that is if I add my hash pointed at them and I got a fat fee because of that and then that was then snatched from under me, I'd be pretty pissed at that point.
[00:36:41] Unknown:
Yeah. Good point. I guess it hurts a bit less with them because you're, like, part of a massive pool. It's not like you're solo mining, and then, like, you're like, fuck. We've actually just we just got this, and then, like, it gets ripped from under you. It's like probably over the course of the month or the year, it's it's, like, negligible.
[00:37:00] Unknown:
Yeah. And I'm sure with it being an American company, it's probably drawn up in the contract that you have to sign to be part of that pool that they have the final say on how fees are distributed. I'm I'm sure there's some small, small print there. Yeah. I'd imagine so. But, yeah, good point. Like, it's certainly for the smaller pools and pools where people are solo mining and stuff like that. It's like that would be a massive, massive kick in the teeth. And then what's the right thing to do? If you were that individual that got the 8.81 BTC feedback, I guess double congratulations are in order because number 1, you got your fees back.
And number 2, like, if you're in a position where you've got 8 Bitcoin output, then you're doing alright. So again, congratulations. Well done. Fair pleasure. Okay. Last item on the news list, multi coin wallet, Tang I don't know how to say this. Tangem or Tangem? Tangem? Tangem. Tangem, which I've not really heard much about. Yeah. Multi Wallet Tangem fixes bug exposing user private keys. And just to clarify, this is a quote, unquote hardware wallet designed to be keeping your keys offline. Oh. So on December 29th, Reddit user blah blah blah raised concerns that Tangem had not promptly addressed the security issue, alleging that private keys were stored in email histories and potentially in Tangem's internal systems.
The user also mentioned that a prior Reddit post about the issue had been mysteriously deleted. Oh, dear. Oh, god. So a couple more quotes here. Okay. Tangem acknowledged the flaw the next day, December 30th, and released a bug to fix to resolve it. So affected users include individual individuals who activated a wallet using a seed phrase and contacted Tangem's support team through its dedicated app within 7 days of wallet activation. Okay. So it looks like what's happened is they've got this hardware wallet and a and a companion app, very common thing to do. And if you've done that and contacted their support within 7 days, presumably, as part of that support contact, it would send, like, a a bug report to the developers so that they can see what's going on under the hood in presumably the app and, like, some pruned kind of data for the the wallet. Again, I'm just kinda casting aspersions here.
Unfortunately, it looks like that also included your seed phrase. Quality. Which, yeah, not good. The project estimates that the issue potentially affects less than 0.1% of its user base, and affected users are urged to move their funds out of potentially compromised wallets. Yeah. No shit.
[00:39:44] Unknown:
If anyone's listening and they're a heavy, tangible maximalist, let us know. But I assume this is maybe not that many people.
[00:39:51] Unknown:
I yeah. Oh, it looks like it's kind of like, an NFC card type thing. So maybe it's not, quote, unquote, hardware wallet. It's it's more like an NFC card with a companion app. But, yeah, not great either way. So if you are a user, then maybe just have a read through the blog post, which will be linked in the show notes, and make sure that you're safe. Yeah. Good advice. Okay, mate. Right. Boosts. So we hit some boosts. 1st lot of, 2025. Let's go. Okay. I'll go first. Late stage HODL, 25,000 sats. Wow. Okay. Thank you, sir. Baller. Well, yeah, it says 25,000 sats, but Jordan being the useless individual that he is when he's Mhmm. Actually typed it out or copy pasted it in, it actually says 250,000 sats.
Oh. But the comma is in the wrong place. So it's 25, comma, 0. Just can't get the work. Sort yourself out, Jordan. Jesus Christ. Thank you, Lazy Shuttle. Barnminer needs to make hotter jerky. Ah, yeah. That reminds me. We were talking about Barnminer's journey journey. Jerky, weren't we, like, on the last show? I still need to get that to you. So let's link up offline how to make that happen. Barnminer, I haven't forgotten. We just, we live at opposite ends of the country. And, Max doesn't trust me with this address, so we need to find some carrier pigeons to to get them. Have you tried yours yet? Well, no. I wanted to wait so we could do it together. Oh, what did you get? I I also don't want it to go off, so I might actually try it today. So yeah. Okay. Barn Manor needs to make hotter jerky. The mild is a waste of time. Well, Barn Manor, if you're listening, I know you've had some feedback there from Late Stays Holdings.
Max, what the fuck is jouffre? Got it. To spell that for you, Mac. Oh, you can read the boost. You you know what I'm talking about. After multiple attempts to Google it, I see it's Jalfrezi. Never heard of her.
[00:41:43] Unknown:
Not cultures enough. You haven't lived if you haven't had a Jalfrezi.
[00:41:47] Unknown:
Yeah. Indeed. Co sign that one. 8th Mithrandir, 17,777 sats. Tell us how much you hate KYC Bitcoin for the new Bitcoiners who only know how to buy Bitcoin with their IDs. I think you kind of
[00:42:01] Unknown:
did that about 10 minutes ago when we were talking about Stripe, didn't you? I did go off on a bit of a rant. Well, why don't you cover this one? Just do, like, a a nice synopsis.
[00:42:10] Unknown:
Yeah. So if you don't wanna listen to me ramble for the next few minutes, just go to no kyconly.com, and that will give you some kind of longer form content. It's a website or a single page that I kind of built to explain all of the risks with KYC. So allow me to do a quick summary. So KYC, know your customer, basically just means that whenever you interact with a a regulated Bitcoin service, you need to register all of your information with them to be able to do business with them. Most common one would be kind of an exchange where you'll have to give your name, address, passport, your cousin's middle name, your dog's shoe size, and more often than not, a video of you kind of saying some random words, again, to prove that these aren't kind of stolen credentials.
Those are then sent to that business for them to store for an indefinite amount of time such that if a government ever says give me all of your or not, if when a government says give me all of your customer information because we wanna see who the Bitcoins are, they've got that on hand to be like, yep. Sure. Here you go. No problem. The problem with that is that most well, a lot of these services are very, very, very shit at looking after this information. So what that means for you, as the person that's providing the information, is that it falls into the wrong hands very frequently, and it only takes a single hack for it to then be sold on a darknet market, somebody to buy your credentials. And then they can go and use that to do whatever they see fit on darknet markets and whatnot or whatnot. Even darknet markets. They can just essentially use your information without you knowing it. Obviously, not ideal. It also puts you at risk because if that information contains your name and your address, and by proxy, the fact that you're a Bitcoiner because you're signing up with Stripe or with Binance or something like that, then that might make you a very big target for somebody to come round to your house, stove your head in, and kind of steal your seed words from out of your hands. The flip side to that, I guess, if I was to put my government hat on, which I don't do very often, but to kind of straw man it or steal man it, I don't I never know which way around to go with that one, is that they do this to kind of stop money laundering and prevent criminals from being able to send all of their cocaine money through Binance and convert it into Monero and then Dogecoin and stuff so they can clean it all.
Unfortunately, via their own metrics, the success rate of actually stopping this sort of stuff is laughably small versus the amount of risk that it poses regular users like you or I in terms of a lost information or stolen information being fallen into the wrong hands and putting us at risk for the reasons that I've just said. So if all of that sounds as horrifying as it should to you, then just don't use these services. Take a little bit of time out of your day one weekend and just learn how to use something like Bisc or something like Huddl Huddl or Robosats, All of the above, I've got guides on my website for all of them such that you can buy Bitcoin from another person where you don't have to provide all of that egregious amounts of information that I mentioned earlier, and you can just obtain Bitcoin in a more private manner. None of which is illegal, by the way. It's all completely legal. It's just not through a regulated exchange. It's fully peer to peer where you would send somebody your pounds or your dollars, and then they send you the Bitcoin. Yeah. That was a beautiful
[00:45:19] Unknown:
summary. That was lovely. But I'll just add one more thing is that you can also other than using those services, if you really want to not even share your banking details with any other person because you don't know who's on the other side. Mhmm. The other thing that you can do is you can consider mining. You can check out the shows I do with John for that or join the Blood Miner Mafia if you want some information on that. Or get yourself to meetups where a lot of people either earn Bitcoin and need to sell for cash or whatever. So you might be able to do it there, which is much better because then there's no trace of what you've done because you've done it in cash. They don't necessarily have your details because you don't have to give them all your information. Or provide a service or some goods that Bitcoiners want, like Barnumand is doing with his jerky, and you get stats for that. So there are other ways. It's a little bit more effort, but in the long run, it's gonna keep you and your family much, much safer and the government out of your business. 100%. Cosign, and thank you for adding the extra context. Yeah. Very, worthwhile exploring those sort of options.
Rod Palmer, 10000 sats. Merry Christmas to my favorite Bitcoin podcasters.
[00:46:31] Unknown:
Oh, praise indeed.
[00:46:33] Unknown:
Oh, that is lovely. It looks like that cigarette in mouth. Just mumbled it out with a cigarette in mouth. How many podcasters do you reckon he's told that to? Just us. We are genuinely his favorite. Oh, thank you, Rod. Yeah. He listens to 40 hours a week just of us.
[00:46:49] Unknown:
On repeat.
[00:46:50] Unknown:
Yeah. Huxley with 69,021 sats. Thanks, lads. Thank you, Huxley.
[00:46:57] Unknown:
User 33152226 with 6,666 sats. The amount of my last boost elicited a chuckle from Max, so I decided to do it again. Copy. I was waiting for the circle. I think it was,
[00:47:14] Unknown:
one was, like, a really godly message, and then there was 666 underneath. I think that's where the chuckle came from. But thank you, mate. Yes. Thank you, sir. Water time. Fuck. Should we do it together? Water time. Water time. 5000 sat. Sat. Boop. Boop. Beers. That was nice.
[00:47:34] Unknown:
I'll let you do this one.
[00:47:35] Unknown:
Lincoln Park rules. Here we go. 5000 sats. Q. I hate to tell you this, but it's your lack of channels. It's about the roots, not the wonderful balancing you do. Winky smiley face. Show note. The Bitcoin brief will cease being the show where we read XMR chats because we've now got a monthly Monero chat for that. However, if you want your XMR chat read on the Bitcoin brief, make sure to indicate it in the message you leave. Thanks, the management.
[00:48:10] Unknown:
I love that he dubbed himself the management. The management.
[00:48:13] Unknown:
What do they need to put then? Just maybe put, like, TBB for Bitcoin brief or something like that. Just put that at the top or any other show that you might listen to. You can do the same for, you know, the ones that do with John or, whatever. Just put, like, a little note if it's not specifically for Monero Monthly, because I'd still like to get those for this show. I think they're some of the,
[00:48:33] Unknown:
some of the best ones we get, actually. Indeed. Yeah. I'll let you fight that out with Jordan. Okay. Alright. Yeah. He's shaming me about my my lack of channels again. Oh, he he talks to me about it every day like I care about your channels. Always lightning shaming me. Yeah. Okay. Fine. I'll open another lightning channel.
[00:48:53] Unknown:
Chad Farrow missed from Take the Winds. Oh, okay. So we missed that one out. With 3,333 stats, CurioCaster boosting from CurioCaster to make sure you guys aren't just checking fountain for boostograms and all gold, he caught us out as well. Fuck. Long live lightning, 333 stats. CurioCaster. Suck it up, Max. You're a professional podcaster now. Get well soon. Suck it up. I guess my sickness.
[00:49:24] Unknown:
I have never heard of CurioCaster.
[00:49:27] Unknown:
Yeah. I've heard of it, but I've never used it. Curio Castor. Okay. Interesting. I think Jordan does it. Of course he does. He mentioned it the other day in our round up. Thank you very much, Chad Farrow.
[00:49:39] Unknown:
Pies? Before I read this, this we've got a quick note from Jordan. Another one. I I secretly think he wants to be on this show. Yeah. Have you noticed there's a marked increase in producer notes and notes from the management? Yeah. Yeah. Jordan, if you wanna join us, you're more than welcome to. Yeah. Just let us know, mate. Note from Jordan. One of the reason Pye is a great man is because he boosts incrementally through the show. You get a lot of insight into what The Misfits like and don't like. That's a good point. Time stamping. And then ironically, we've got 2 boosts from Pie, both of the same value. So, George, I don't know what he's talking about.
1,000 starts. Merry Christmas, you bloody British cunts. And another 1,000 starts to say, fucking intro to as way too long bruh, fucking Brits.
[00:50:25] Unknown:
Can't even
[00:50:26] Unknown:
speak. Yeah. Can't we?
[00:50:28] Unknown:
Fuck. I know. Which one's he talking about? Oh, he's talking about because when I did the 3 Christmas carols slash ad read things Oh, okay. The software that I was using, I refused to pay the extra money to, like, be able to shorten them. So they had to be, like, 2 and a half minutes long. And I did one as the intro, and then I did one specific one as an ad read slash song for foundation, and I did one as an ad read slash song for for cake. And so you had 2 and a half, 2 and a half, 2 and a half. So I can understand that, Pies.
[00:51:04] Unknown:
That makes no sense. You have to pay to make it shorter.
[00:51:08] Unknown:
Yeah. We I think you have to pay to have to be able to adjust things. Like, I had very little adjustments that I could make, and I was like, I'll get this done. They turned out alright anyway. If you have no idea what we're talking about, please go back to the last, bit of a brief and just sit through the intro. It's it's very much worthwhile.
[00:51:25] Unknown:
Final one for Pies. Glad I got to hear you 2 cunts before I headed out to celebrate Christmas. Merry Christmas, you ungovernable motherfuckers. But also don't forget and then he's done all of his wonderful emojis that tell us that England is shit and America's wonderful. England's shit. America's wonderful.
[00:51:39] Unknown:
Fisting someone, got a gun, fisting someone again, mushroom beers, and a salute. Thank you, mate. Cheers, boys. FOMO chronic with 1,001 sats, no message. BTC on board, hashtag lnharms or hashtag CTV. 300 stats with a little thumbs up and a lightning. Selmimax
[00:52:04] Unknown:
I'm glad you attempted that one. Oh, I've no. That's a really weird, like, character type. Selmimax like it's written in Arabic or something.
[00:52:11] Unknown:
Yeah. Well, no offense to whoever you are. I hope I'm pronouncing that right. I'm sure I am. Selmi Maximacomone. 1,000 sats. Merry Christmas. Merry Christmas to you. User 5135-8842.
[00:52:25] Unknown:
Brackets. Again, another note from Jordan here. Jesus. Must be the same person who boosted 6,666 sats. Well, this time they boosted a 100 sats. Well, listen to the the boost. This time it was a 100 sats, but they said the amount of my last boost are listed as shuffle from Mac. So I decided to do it again. Oh, okay. So my my guess is that fountain was a bit glitchy, and, they did it twice. But we appreciate the extra stats. Thank you.
[00:52:53] Unknown:
And finally
[00:52:54] Unknown:
Got the call, mate. Here you go. Final one from Nosta Gang. Shout out, Nosta.
[00:52:59] Unknown:
A 100 stats. Thank you for your precious time and energy. And then there's lots of love hearts. Aw. Thank you. There are all different types of love hearts as well. There's like a the double love heart, which is like the big one and the small one together, stars either side, one with looks like it's beating, one looks like it's beating faster, and there's a purple one. That's just really nice to see. So thank you. Thank you for all your love. And also Jesus Christ. Another note from Jordan.
[00:53:23] Unknown:
Also, thanks to all the streamers out there. No. For real, though. Yeah. Thank you to everybody that streams. I know you don't, kind of get the the shout outs that you deserve because we kind of read the boost, and that's just the way it's structured. But, if you are streaming Sats, even if it's as little as 1 or 2 Sats a minute, we appreciate you. We see you. We do. And we love you. We appreciate you and love you. And,
[00:53:43] Unknown:
just before you carry on streaming right now, it might be worth just checking that I have sorted all this lightning stuff out because otherwise, it goes into the void. So, maybe if you are doing that, just stop just for a second just to check that they are going through just for this next episode because I have a feeling I might have some issues. You know, you said it goes into the void. I reckon Oscar just funnels it all off, and he's gonna buy a mansion soon. Yeah. Yeah. He's already got mansions. I met him the other day. We went around for tea. And I was like, oh, I'm just pulling up. He was like, at which wing? I'm at the east wing, mate. And he was like, okay. I'll I'll send a driver around. So he's definitely, swimming in south, that guy. Yeah. And he walked in and said, yeah. Thanks. You paid for this. Yeah. I saw this from you. The void currently isn't Oscar. It would be it would be Albie. Because whatever goes to Albie now, I cannot take out. It just says users fee credits, and then you click as fee credits. And it's like, what are fee credits? And it's long fucking ramble about stuff, and I'm just like, whatever. I mean, luckily, there's not too much in there. Yeah. There's nothing more infuriating than, like, a I call it a support loop where it's like, click here to learn more, and then it's like, click here to file a complaint or to speak to us. And then you go back to where you started, and it just makes me wanna gouge my eyes out. Yeah. I've just accepted that the sats that are on there are lost forever, and that's a donation to Alby, which I'm I'm sort of okay with with the amount that's on there because it's been very useful for us over the last 6 months to a year or whatever, and I've not paid them anything for it. So that's okay. But, I just wanna get it sorted today so I don't suddenly get a a really generous boost that I lose or we all lose.
[00:55:26] Unknown:
Okay. Let's hit some updates and releases. Nunchuk have launched Taproot Multisig Wallets in beta version on their mobile application. Quick quote. In our ongoing commitment to improving Bitcoin self custody, we're thrilled to announce the Taproot Multisig Wallet, a new type of multisig that leverages Taproot Schnorr signatures and the Muse Sig 2 protocol to offer greater privacy and lower on chain fees. Very cool. I think this is, the first mainstream Taproot Multisig Wallet that I'm aware of, unless you know of any, mate. No. So quick, TLDR on kind of why this is cool, enhanced privacy for start off.
When you spend from this type of wallet, it looks as though you're just spending from a traditional single signature wallet. So you get improved privacy over a traditional multisig wallet where you kind of have to every time you spend, you have to reveal part of the script, which kind of tells the world that this address, belongs to a multisig wallet, which, again, is or can be detrimental to your privacy.
[00:56:29] Unknown:
It's harder to hide in a crowd kinda thing. Right. Exactly.
[00:56:33] Unknown:
Yeah. Whereas with this type of wallet, you look exactly the same as any other Taproot output, which obviously is kind of like a growing field of Bitcoin users for want of a better term. Yeah. You also get lower fees through, again, Schnorr signature aggregation. Not to be confused with cross input signature aggregation, which we've spoken about previously. But, again, because it all boils down to what looks like a single signature on chain, you only pay for that single signature footprint versus a traditional multisig where you might have to pay for 2 or 3 or 7 depending on the kind of configuration. So, yeah, longer waited. This is one of the main killer use cases for the Taproot upgrade. So it's nice to see that we're finally getting some user facing software so that people can kind of put this into practice and actually use it in the real world. Once again, it is a it is a beta feature, so don't go throwing your whole stack in there right now. Maybe just test it out with Testnet if they offer that functionality for this part of the wallet. And if they don't, then just start with some small amounts. Mhmm.
As, with all of their big releases, Nunjerk have put out an excellent blog post, which we will, of course, link in the show notes if you wanna go and dive in. But, yeah. Hats off. This is very cool. Okay. Our friends over at Seedhammer have announced their Seedhammer version 2.
[00:57:54] Unknown:
This looks really cool.
[00:57:56] Unknown:
Yeah. Do you wanna give a a quick, rundown of what Seedhammer is? And then I'll I can chime in with, like, what the version 2 is and why it's better.
[00:58:04] Unknown:
Yeah. So Seedhammer was maybe a year ish ago, it feels like it was released. More than that, I would say. Was it I sort of lose track of time. A year, 2 years maybe. It was a device where you would cut out into a plate your seed words and then all the other information that you'd need for Multisig. You would have a very clean looking and very clear printout, and this machine would do it for you rather than sitting and stamping for, like you know, if you're doing multisig and you're doing multiple copies of each plate and then you're doing what is it? Is it the config file? What's it called? The The descriptor. The descriptor. That's it. Yeah. The descriptor. If you're doing the descriptor as well, like, you'd be sat there for probably a whole fucking day.
So this thing does it all nicely and neatly for you. And of all the gadgets that I've seen in Bitcoin world, this is the one that really I get pulled to over the last couple of years. I really if I was ever gonna splurge, I'm like, oh, I'd fucking love to play with one of these.
[00:59:06] Unknown:
Yeah. So the version 2, is much, much, much smaller. It fits well, it says that their quote is it's smaller than a 21 centimeter cube and weighs less than 4 kilograms. So you can actually fit this into a backpack. That's way smaller. Yeah. The last one was a bit of a beast. Like, you were fitting that into a backpack easily, unless you were very, very strong. So, yeah, I don't know what they've done with the price. The new one is $399.
[00:59:35] Unknown:
I can't remember what the old one is if I'm being honest. Oh, the old one was way more than that from memory. Yeah. I seem to remember it being, like, maybe $1500
[00:59:44] Unknown:
or something. Oh, shit. Okay. So big big reduction. Now if I'm gonna be honest, it's fucking loud.
[00:59:53] Unknown:
Like, have you ever heard one running? No. But I I have heard metal engraving before, so I can imagine. So,
[01:00:00] Unknown:
they bought one over to our booth in Riga 1 year, and our booth is kinda like in the middle of the the hall. And they were like, do you wanna see how it works? And naively, I was like, yeah. Sure. Go go ahead. Yeah. They plugged it in and like as soon as they turned on the whole conference hall, just turned down the stair doors. It was so fucking loud. I don't I don't know whether the the new one's any quieter or not. But, yeah, it's good to see that they're iterating. It looks like a much more polished product and significantly smaller than the old one. So shout out to, the team now. I've I've I've shared many a beer with those guys. They're they're a really good bunch. Yeah. I really like it. I think it's really cool product. And if you've ever sat and stamped
[01:00:38] Unknown:
multiple plates, you would think, actually, whatever you said, $350. If you're doing this and testing things a lot and setting up multisix, it it could well be worth doing, especially if you're, like, a nice person you think, oh, set other friends and family up if they wanna use it. That would be nice. I think the only concern for me, it was then and it is now, is, like, not being so technical. I do always worry about, okay, this is printing information, which means it's linking to some type of computer. What if something stored that I don't want it to store or accidentally stored in there or is somehow intercepted in some way? Or now I share this, Like, I use it. I make my seeds, and then you're like, oh, okay. Can I borrow it, mate? And I'm like, yeah. Of course, you can. And then somehow you can see my seeds. Or there's just those sort of fears which, go through my head, and I'm almost certain they've been, dealt with, but it's yeah. It's just I can't help but like, I know when I have a hammer in my hand and a and a plate and I'm sat in my garage with no the computers or phones or images, I know, like, okay. We're cool. Like, it might be long and annoying and stressful than, like, take the whole day, but I'm comfortable with that because it's just me and a hammer. Yeah. Absolutely. They are obviously well aware of that because,
[01:01:57] Unknown:
a quote from their Nostopost, the control board and LCD are designed designed to be replaced, so you can safely share a Seedhammer 2. A replacement kit for the control board is $89, which they say is comparable to the cost of a manual engraving kit. Yeah. So you could kind of like I don't know. Let's I'm trying to, like, think of a use case here. Let's say you're part of a meetup. There's 20 people in your meetup. You can throw in a couple of dollars each to purchase this and then go and buy your own control board each so that, you know, you can amortize the cost.
And, you know, you can all use this machine, but in a much more trustless way where, you know, the owner of the machine can't be, you know, at risk of kind of locking everybody's seed and descriptors.
[01:02:41] Unknown:
Yeah. That's quite a nice use case. Like, one or one of these Bitcoin bars or meetups or even even just, like, groups of friends. You know? If you got, like, 4, 5, 6 people who are, like, close, you could maybe do that. But, yeah, I I think $350. Like, it depends how much you value your time, but it also takes out the errors because I've stamped plates before, and then I've checked and double checked and been like, ah, shit. I fucked that up. Like, this is a problem or that's a problem and, like, then you gotta get another plate. You know, if you've been doing it all day, you can get a bit tired and just like, oh, you just make a mistake. Whereas this, I don't know. I I think there's probably less less margin for error. Mhmm. Yeah. For sure. Couple more new releases.
[01:03:25] Unknown:
There's a software project called, again, I don't know how to say this, BTCEED. The website is btceed.live. It's a web application that provides a visual overview of your Bitcoin HD wallet. You can check, a live version of the website that I've just mentioned here. And, basically, you can obviously, you can and you should run this locally yourself. But if you wanna test it out with, like, a a test wallet or something, basically, you just give it an x pop or a z pop or something like that, and then press submit. And it gives you kind of like a visualization of your your wallet. It goes from the xpub, and then you can see all of your used addresses, and it comes down in kind of like a family tree structure. So if you're kind of interested in testing this out as like a learning apparatus, I guess, to see what your wallet kind of visually looks like in terms of used and unused addresses, I think you can also see UTXOs and stuff, then, this might be a pretty cool project to check out. Obviously, again, just wanna reiterate from a privacy perspective, you absolutely should be running your own instance of this, and they've got that documented as to how you do that as well. But if you just wanna poke around and see what the hell I'm talking about, then they do have a live version that you could just throw in a a random Zedpop Nice. Or xBook. In the same vein, also heard about a new Bitcoin desktop wallet that is called Bitcoin Safe, which is, again, in beta, so use with absolute caution. The reason it came across my radar is they have Passport support, and we've had no interactions with them whatsoever. They've just gone ahead and done it. Admittedly, they do have support for pretty much every single popular hardware wallet on there. I guess that's the beauty of the standards that we all operate on is that you kind of don't really need anything from, say, Blockstream to integrate with Jade or Foundation to integrate with Passport because it's all open source kind of code. So that was cool for the first point, powered by BDK Bitcoin Development Kit, which we use as well at Foundation. So that piqued my interest. And then the third thing in in fact, there's lots of things. I'm just gonna list them because it's very cool. We've got address labeling.
We've got, like, a simple UI version, but also a more advanced one. You can do an encrypted cloud chat between instances. You won't be surprised to hear that it goes over Nosta, which, again, is pretty cool. You can sync to your own Electrum server, but you can also use or you will be able to use CompactBlock filters in the future as well. The UI is very beta at the moment. It looks like it could be a fork of Electrum. It kind of gives me that sort of vibe. The thing I like about it is I'm looking at a they've got a couple of videos on their GitHub of, like, just showing a quick intro as to how to set up a multisig wallet. And they've got, like, a step by step tutorial across the top of the page where it says, okay. 1st step, buy the hardware signers. Yeah. Obviously. Then you label them. Then you generate the seed, and it it, like, ticks them all off as you go through. So I thought that was kind of a neat way to kind of walk people through setting up a multisig wallet. I don't know whether they do this for for other types of wallet, but I thought it was like a kind of novel concept to kind of guide people and give them an idea of kind of, okay. This wallet says there's 10 steps to create a multisig wallet, and I've done the first four. And, you know, I know that I've got the other six things to to kind of go and do before I'm fully complete and backed up and safe and secure.
Again, it speeds software. It's looks a bit rough and ready from a UI perspective, but, yeah, could be a cool one to keep an eye on in the future. Blockstream have launched a new hardware wallet. Have you seen this one? Well, I say new. I'm gonna use new in in inverted commerce.
[01:06:51] Unknown:
I've seen people talk about it. I've seen images of it, but I haven't dug into it at all, if I'm honest. Yeah.
[01:06:58] Unknown:
They it looks like they've upgraded the Jade, basically. It's called the Blockstream Jade Plus. The new device features a larger display, intuitive controls. I'm not sure what constitutes intuitive controls, but a durable casing, an improved camera, air gapped firmware upgrades, and hardware authentication, all at a price point of $169. So it seems like, you know, it's a very similar form factors to the old one, just a bit bigger with a brighter screen and stuff. So it's for me, it seems like more of a kind of incremental improvement than a new device per se. But, again, I'm kind of arguing over semantics here. Did the old one have a camera built into it? It did. Yes. Yeah. I'm not sure what the old one run on, ran on. Excuse me. But the new one is, an ESP 32 s 3 chipset for for the tech nerds out there. I think the old one might have been an ESP 32, but I'm guessing that, they've kind of got an upgraded version of it as well.
Okay. The the UI looks basically the same as the old one, albeit, you know, displayed on a on a bigger screen. And via a USB c drive, SD card support. Yeah. So it now comes with a USB dongle so that I presume that you can use it with your computer
[01:08:10] Unknown:
as well. Yeah. Bluetooth so that you can use it with your computer as well as your phone, which obviously has Bluetooth built in. Like you say that most most laptops have Bluetooth built in. So perhaps I'm butchering what this, USB thing is for. Seems like quite a lot of people use them. I've never actually had a play with 1, but it seems like quite a lot of people have them, whether it's, like, part of their multisig setup where they have multi vendor, multisig, or whatever. But it seems to be fairly heavily used.
[01:08:38] Unknown:
Yeah. Absolutely. And they they've upgrade I've got one. I, you know, bought it just for to test out and kind of play around with. And they've upgraded all the things or most of the things that I thought the original one needed upgrading on. The the buttons, they had this, like, horrible little click wheel before, which was a bit of a nightmare in my opinion. And the screen was tiny and the camera was shit. So they've upgraded all of those things. So, you know, sounds like they're definitely heading in the right direction to make this a much more usable device. Good to see. And, yeah, fully open source, of course. So, yeah, it's it's always one of my my potential recommendations when people say, you know, I wanna set up a multisig. I'm gonna use a passport, and what else would you recommend? Then Jay is always up there, albeit, you know, with its shortcomings of kind of UI, but I guess I'm spoiled from a passport perspective.
[01:09:26] Unknown:
Yeah. But then also it's like it's a lower price point. You've got that as a potential option, and then you've got seat signer as a potential option and passport. So it's good to have a few options.
[01:09:37] Unknown:
Yeah. Definitely. I thought I thought it was interesting though. I can't remember how much the old one was, but this seems like quite a big price jump. It's basically the same price as a passport now. It's like it's only $20 cheaper than a passport. I'm sure the old one was, like, really cheap. It was, like, $60. So it seems like a big, jump up in price compared to the old one considering it's, like, just a new form factor.
[01:09:57] Unknown:
Yeah. Okay.
[01:09:59] Unknown:
I'm just gonna fact check myself on the the price,
[01:10:02] Unknown:
of the original. I feel like the original or or maybe the original was $99
[01:10:07] Unknown:
or something. Yeah. Sorry. The the old one is £65. So that's probably like $80. So it's it's doubled in price, basically. Okay. Interesting. Okay. Worth checking out though. Okay. Okay. On to the releases or updates. BTC Payserver version 2.0.5. Mainly bug fixes that have been introduced since the the big upgrade that we covered a couple of shows ago of version 2.0. So, quote, most importantly, with the migration of 1 version 1 to 2, battle tested or user upgrading will now seamlessly transition to version 2. So if you were one of the many people, much like myself, that still haven't upgraded to version 2, it seems like they've kind of maxed out most of those folks now. So maybe I'll give that a go before the next show. I'm hesitant. Like, when something works, I just think Especially well. Yeah. If you if it it like, the stakes are higher. Like, the ungovernable store, like, is powered by and all that sort of stuff. Like, I I fully understand.
Yeah. Raspberry Pi Blitz version 1.11.4 has been released, and it adds support for AlbyHub, which we were talking about earlier. For those that don't know QuickTLDR, AlbyHub is a self custodial lightning wallet that combines ease of use, ownership, and seamless connectivity to apps via Nosta WalletConnect. Its straightforward plug in system connects within the integrated Lightning node of your Raspberry Pi Blitz and then allows them to talk to apps across various platforms and operating systems. Nice. Nice work. Haven't heard much from the Raspberry Piets team for a while. Could be because I've not been paying attention, but, yeah, good to see that it's still shipping. Well, I'd they've never been a team that really, like, is loud and talks about what they do. They just sort of heads down and just build. Seed signer release candidate version 0.8.5 rc 1. Emphasis on the release candidate version. This is not a main release. So if you're not happy to go testing, then do not install this. What to test? They have converted and done a full UI translation into Spanish, which is Nice. Very cool. Yeah. I mean, probably again, I don't wanna state a fact here, but definitely in the top 5 spoken languages on the entire earth, I'm sure it's probably higher than that. So it makes sense that they were I think it's number
[01:12:21] Unknown:
3.
[01:12:22] Unknown:
After Chinese and English, is it? I think it's Chinese, English,
[01:12:26] Unknown:
Spanish That makes sense to me. And then I'm not sure what comes after that. Maybe French? Because a lot of Africa is French.
[01:12:33] Unknown:
Yeah. Could be. Well, yeah, if you're a Spanish speaker, please go and help them test this out. And, see sign of the man if you're listening. Well, and the rest of the team. In fact, I'm I can't wait for my Mandarin version of Seed sign. Let's make it happen. Yeah. Let's do it. Samurai Dojo version 1.26.1. We've just got some updated fee estimators and some bug fixes updated to tall versions, etcetera, mainly a stability release. Sentinel version 5.1.1 has been released with improvements and fixes. This release allows fully spent the full spend of a UTXO. You can do this by tapping on the available balance, and you can also enable, scanning of bit 21 URIs. So bit 21 URIs are basically the QR codes or the strings that, encode multiple different payment types within there. So it's kinda like a unified payment QR that can encode a lightning invoice or an on chain address as well. So Sentinel can now deal with those.
They've added street mode for hiding your balance when you're out and about. And they've also let users paste Dojo credentials with full JSON, instead of an API key and a URL. Oh, you can also select which exchange you wanna use for your, fiat conversions as well. Nice. Zeus version 0.9.4, has been released. Nuance here is they've updated the LND version for the embedded node. They've sped up transaction user experience. They have done some bug fixes for CLN. They can now also display key send messages in activity payment views. Wait a minute. Does that mean that I could read oh, no. I was gonna say, could I read boosts in Zeus, but the boost is not The payment is a key send, isn't it? But the message is over Nosta.
So I've got your sight mate. I,
[01:14:32] Unknown:
my honestly, like, I feel like I I know so much less about lightning these days than I did early days. I just sort of, like I get a bit lost with it all now.
[01:14:42] Unknown:
I need to brush up. I I got very excited then, but, no, I I I don't think I'm gonna be able to read my boosts in Zeus. Okay. I will check that, of course, But, I think my my excitement was a bit premature. Okay. And next one, we have Live Wallet version 1.0.0. Quick reminder, we have spoken about this a couple of times briefly, but, Live Wallet is well, it enables you to kind of again, it's one of these that gives you a visualization of your wallet such that you can rather than just seeing a list of kind of, all of your transactions or UTXOs, it puts it in a much kind of I I guess, a way in which you can kind of scrutinize that a little bit more. Mhmm. With this release, they have now added the ability to analyze your transactions and check for potential privacy heuristics that chain analytics companies use to cluster wallets.
So you can go ahead and be a little chain analysis rat on yourself, which is very cool. And they've also added transaction output labeling as well. So, you know, you could go in and see where it highlights that you've got kind of privacy mistakes maybe. From what I've seen of the short video, it kind of highlights those in red. And you can then go and, I guess, kind of toggle them, label them, see whichever all the coins they've interacted with if you if they've kind of been involved in a couple of transactions, etcetera. So, a bit like, I guess, a bit like a a rudimentary OXT type thing. Yeah. Yeah. Yeah. So very cool. I found this one this morning and was very happy to see it.
Do you remember when we were talking about kind of I came up with this, what you called a Rube Goldberg machine Yes. Yes. Where, I was like, you know, a good privacy kind of life cycle in a post samurai era for people that kind of wanted to buy, store, spend with the lightning and Bitcoin stack. If you again, if you have no idea what I'm talking about, go on to my Twitter and just see my pinned tweet. That gives you the lowdown and the step by step. As part of that brute Goldberg machine that, Max kindly dubbed for me was the use of a service called LNProxy. Now LNProxy was kinda like a VPN for your lightning node. The way it worked in the specific scenario I'm talking about is that when you go and do a peer to peer purchase from Robosats, which is a Lightning only peer to peer exchange, rather than me giving my peer or Robosats a Lightning invoice, which would essentially give them all of the details of my Lightning node, I can use this service called LN proxy, where the LN proxy service would kind of wrap the invoice in such a way that the person that's selling me the Bitcoin and Robosats doesn't learn about my Lightning node. They kind of learn about the the proxy Lightning node.
Great in terms of being able to protect my Lightning node details and information from Robosats and from my trade peer. But But how do they have here? Well, yeah, much like a VPN service. It's a trusted relationship between me and LN proxy because they kind of see you know, they're the one that's wrapping the invoice for me so they know that my node exists and can get that information. So that was always, a little bit of a trade off to that solution. Well, that is no longer because as a quick bit of reminder for the context, the biggest limitation of using the lnProxy as a tool to receive payments, like in my scenario, But to do so in a private manner was that the fact that the Relay LN proxy would learn my node ID. They'd learn you know? And they could use that then to go digging and learn more information about my on chain activity that led up to the creation of the Lightning node. Well, now if you run LND, which 99% of the network do, this issue is now solved because the latest version of LN proxy supports blinded paths.
So, the the technicalities of how this is achieved is kind of probably well, not probably. Definitely above my pay grade. But basically what it means is the TLDR is that LN proxy now doesn't learn your Lightning node ID. So that you can use that service as a a hop in the blinded path in a much more private way. So very nice way. That's cool. And so c lightning doesn't yet have this? It's just LND? I believe so. Yeah. Okay. I think c lightning have something similar called I think they have something similar. I can't remember the name of it. Whether or not the 2 were interoperable, I do not know. Okay. Well, I'm glad I'm running Sea Lightning then because that's exactly what I need. If there's anybody listening to this and knows the answer to that question, please do boosting. Yeah. Please do. Okay. Next up on the list, Bull Bitcoin, which is a Canadian based on and off rank. Interesting. I think they do I think they do much more than exchange. I think they also do, like, bill payers and things like that. They also have a wallet, And they've released version 0.4 of it, which also adds support for and I hate this name because it's called Serverless Asynchronous Pay Join Version 2. What a word salad. Which is BIP 77.
Don't get me wrong. This is cool. The bit I draw issue with is calling it serverless PayJoin because well, I won't go into the details because I'll Jordan's got a question for us in the question section. But, yeah, pretty cool that they've kind of adopted. I think they're the 1st wallet to adopt this Pagerorn version 2 standard. Basically, what that means is that whenever you interact with the service and elect to use this Pagerorn service, again, as the clue is in the name, you create and construct and broadcast a Pagerorn transaction, which can help thwart the common input ownership heuristic, which is kind of one of the the main triggers that chain analysis will use to try and track the flow of funds across the network.
How useful that is with a regulated exchange? I question. Because I presume don't speak from experience because I'm not Canadian. But I presume that Bull Bitcoin are KYC in their users. So this seems like, I don't know, to nullify a lot of the benefits of PayJoin
[01:20:49] Unknown:
personally. Like, they could unwind it because they have the information of the inputs. And they, at any point, could be pressured and probably will be pressured by the government to hand those over whether it's today, tomorrow, or in a year, which would unwind all the good. But, yeah, that is the case, but it's still kind of cool to see they're doing something even though that something might well end up being actually nothing in the long run. At least it's an attempt.
[01:21:16] Unknown:
Yeah. And, again, I'm open and I say that as a non Canadian, I don't know the full extent of Bull Bitcoin Services. There is something nagging in the back of my head that says that for some reason, somehow, they still offer some no KYC services. Please, if you're a Canadian, correct me or tell me that I'm right and give me some more context there. I'm I'm sure I've seen Francis, their CEO, talk about the fact that they still do some no KYC stuff. But, again, I I don't know what that is and how it works. Sounds unlikely, but maybe. Especially in Canada. Yeah. But we'll see. Yeah. Yeah. Oh, on the the PayJoint front as well, a awesome developer that goes by Satsie, s a t s I e, who I don't actually know where she works these days. I believe she used to work at Casa, and she's probably at a few other places since then. I'm pretty sure she's left Casa now. But she produces these awesome, like, pocket guides. They're, like, technical Bitcoin stuff. One of which is a Pagerind 1, which covers the original Pagerind and Pagerind version 2. And it's basically just like a a free pocket guide that you can go and flip through. It's got some cool little animations. It's only 8 pages long, and they're tiny little pages, so you'll be able to read through it in just a couple of minutes. But she has a really great way of being able to explain these kind of complex topics and break them down with simple terminology and simple imagery so that you can kind of help understand this sort of stuff. So click the link in the show notes if you wanna see that one. And final piece of the news is that there's somebody else, a new entity. Well, they're not new, but a new availability of the do you remember Nextblock.is, the samurai, fee estimator? I think it used to previously be called the $1 fee estimator.
There's a new instance of that being hosted at nextblock.cypherpunctools.com. Oh, very nice. Good to see that that's been re kind of, reinvigorated. I believe there is a couple of other instances, but trying to think of the names of them now is failing me. But, yeah, this was always a useful tool in my arsenal. So Yeah. It was really useful. Added to my bookmarks.
[01:23:24] Unknown:
Another head of the Hydra. Good to see.
[01:23:27] Unknown:
Yeah. Absolutely. Yeah. So shout out to well, I guess it's whoever's behind cypherpunktools.com has, brought this back online. Okay. Shall we, hit some questions, mate? Definitely.
[01:23:39] Unknown:
Shall I jump on the first one?
[01:23:41] Unknown:
Well, I think it's more for you, this one, hopefully.
[01:23:45] Unknown:
Alright. You should go ahead then.
[01:23:47] Unknown:
Elastos troll on Twitter. I've only ever had my savings in BTC. I moved a large amount into XMR in the last month or 2, and I'm nervous about I'm nervous of its use as a store of value, but I need the privacy it offers. Do you treat XMR purely as a tool when you need it, or can it be viewed similarly to BTC as a long term hold? Good question. I'll I'll answer quickly because you'll probably be able to go into it deeper than than me. I would say no. I would say well, me personally, I I would keep, you know, the vast vast majority of of wealth in BTC because I think that for all its faults, it has much more potential as a as a longer term store of value versus, well, anything else, basically. Appreciate that you have the privacy need.
And I'm guessing if you haven't done so already, go and check out the show with Seth and Max. They actually go into this a little bit around the kind of the use of it and swap services and stuff like that, and that could be pretty useful to you. But, for me personally, I don't wanna speak for Max, but it would be the other way around for me. Yeah. No. I I'm totally with you there. For me,
[01:24:56] Unknown:
if I have any savings, it stays in Bitcoin. I do keep whatever I have in XML, whatever I earn, or whatever I've bought off people. I just keep it in there despite it losing value as a general rule against Bitcoin, because I don't like using the swapping services too heavily for the reasons that me and Seth cover, which I won't go too heavily into now. But there are some, privacy concerns there and also, like, things that can happen down the line potentially. So what I tend to do is whatever I earn, I just keep in there. And, yeah, okay, I might lose a little bit compared to Bitcoin, but, actually, is it any different to holding it in pounds or dollars? Not really. Often, there's a bit of upside.
So I just keep that for spend. Like, if I need to go and buy some petrol or whatever, you can use coin cards or one of these other services. Even through k Qualit, you can do these spends and buy gift cards and stuff like that. So I kind of use that as, like, in the same way that I might keep, like, a £1,000 or £2,000 in my actual bank account because I've gotta pay bills and rent and things like that over the month. I'll keep the minimum amount that I have to to, like, keep me and the family going and the rest in Bitcoin. Mhmm. I kind of use Monero as, like, a second payment account, if that makes sense. It does make sense. Yep. Yeah. Hope that helps. C kelly me 3, Twitter.
Damn, man. You're really kicking off the year screaming. When will the new 2FA password wallet be available? I can't wait to buy it.
[01:26:34] Unknown:
So I presume they're talking about Passport Prime here. They are. Yeah. Okay. Great. Well, you can actually buy it right now. If you wanna sign up to the early access program to be one of the first 1,000 customers to get the first ones off the production line, you can order that right now on our website. But if you'd rather wait for it to be fully, kind of, officially in stock and not part of the the early access beta program, then you can put down a $49 reservation, again, on our website right now to join the queue to be one of the first people after we fulfill those early access program units. Just as a reminder, that's foundation.xyz.
You'll see a big blue reserve button on the home page. And, yes, we are also very, very excited to get it into the the hands of the masses. So thank you for your support. Jordan,
[01:27:18] Unknown:
Twitter. Here he is again. For everyone out there, it would be awesome if q could do a breakdown of Stonewall X 2, Stowaway versus PayJoin V 2. A lot of noise around this PayJoin integration being massive, but I personally don't see it. Drop the knowledge queue.
[01:27:38] Unknown:
Nice. Okay. Okay. We could be here for a while. I'll try and keep it as short as I can. Stonewall X2 was a tool within the samurai ecosystem. I presume it's still in Ashigaru in the kind of in the manual version. I'll get onto that in a second. Stonewall X2 is a 2 person coinjoin collaborative transaction where you and another samurai or ashigaru user or sparrow would pool your UTXOs in such a way that provides deniability as to kind of what's actually going on in this transaction. So an example would be, I need to pay a third party. Let's call them Bob. And I need, or I'm gonna ask Max to do a Stonewall X2 transaction with me so that we can combine and commingle our UTXOs in such a way that it doesn't actually cost Max anything. The overall balance after the transaction is that Max doesn't lose out. Most of the value is well, all of the value comes from my side of things. But the transaction is constructed in such a way that there's kind of a very confusing amount of UTXOs and a confusing amount of outputs, one of which will be going to Bob who I'm paying to I don't know. Let's say, what he's cleaning my windows.
Mhmm. So, yeah, the whole point here is to confuse the transaction graph versus, you know, me doing a simple spend of 1 UTXO to Bob's wallet that it's spend and change. Yeah. Spend and change where it's clear where the transfer of funds has happened, and it's clear exactly how much has been spent as well. So that's what Stonewall X2 is doing. You used to be able to do this over a Tor communication layer called Soroban. Soroban. That is not in Ashigaru right now. Am I correct? I'm not sure. No. I think it is. No. No. Yeah. I think maybe it is. So what that meant was that you could do it remotely, which is obviously kind of a big sticking point. But before that, you also used to be able to do them in person as well. So instead of it doing communication over a TOR encrypted encrypted TOR layer, excuse me,
[01:29:38] Unknown:
you would do, some QR code dances back and forth where I'd scan Max's phone. Max would scan my phone. To be honest, it wasn't a very slick user experience. That's just that was just that's why I was just chuckling there by myself because I was remembering, like, I don't know, 5 years ago, me and you trying to do it just, like, on the phone and, like, alright. You scan that one. Yeah. And and just and you were like, yeah. Yeah. Honestly, it's gonna work now. Fucking did it. But when it did work, it was great. But when it was over, Soroban,
[01:30:07] Unknown:
very slick. He kind of just you know, you can did the spend in a normal way, pointed on Max's pay name to say, you know, I wanna ask this guy to help me do this transaction, and then the one that handled the rest. Yep. Okay. So that's Stonewall X2. That's for me paying to a 3rd party who doesn't have to be kind of a samurai or ashigaru or whatever users. Just they just have a Bitcoin address that I need to pay. Stowaway, again, is part of the the samurai ecosystem and all the other wallets that I've talked about where it's me paying another user of that type of wallet. So this will be useful where I need to pay Max back for some beers. And rather than, again, we do a simple spend where I spend one of my UTXOs to Max.
He gets a little bit of that value, and then I get some change back in such a way that everybody on chain knows that there's been a transfer of funds, and it's a very, what we call, simple spend. Instead, what we would do is a stowaway, which under the hood is kind of a a samurai branded pay join. Again, we would commingle our UTXOs where I would input 1 typically, and Max would input 1 as well even though I'm paying him with the net value obviously being transferred to him over the transaction. So let's say I was spending to max, like, 75,000 sats. You wouldn't actually see an input or an output with a value of 75,000 sats.
So as well as polluting the common input ownership heuristic by me providing an input to the transaction and Max providing 1, we also undermined the amount analysis because the amount that I'm actually paying to Max is a mathematical combination of the inputs and the outputs. You don't actually see 75,000 sats as an output on chain like you would in the traditional. Yeah. Which would which is exactly what you get with a simple spend. Mhmm. Once again, stowaway in the olden days was coordinated via copy and pasting QR codes or long strings of text, which again was, not a great user experience. Or more recently, you could do that over the Soroban layer as well. Now where does this differ Jordan's question, where does this differ to PayJoin V2?
My knowledge of PayJoin V2 is obviously less clear than all of the Samurais stuff because that's an ecosystem I've been involved with for a long, long time. With a traditional pay join, not necessarily a stowaway, there is a pay join standard, which kind of Samurais and and co loosely adopted, albeit they did their own kind of communication stuff over at all. If you were to just do a pay join, let's say from, I don't know, Sparrow to a BTC pay server, one of the prerequisites to be able to achieve that pay join outside of the samurai ecosystem is that one of those parties would have to have an always on server. Now if you're a merchant like Ungovernable, that's not a problem because you have a VPS or a node that's running your B2C pay server. It's, you know, by nature of what it is and what it does, it's always online. That's the whole point. Mhmm. So for that scenario, it worked fine. But if I wanted to pay from my Sparrow to Max's Sparrow in a pay join that wasn't the samurai style stowaway, you can't do it because neither of us had an always on server.
Now this is where page 1 v 2 kind of books that trend and almost brings it in line. I think this is what Jordan's getting at from the question is that kind of brings it in line with the way that the stowaway side of things work, kind of. Don't shoot me down. I know it's not a carbon copy. So with PageOne v two, again, this is why I have the annoyance that they're calling it serverless. Yes. It's serverless in the fact that both end users don't need to have an always on server. But what it does is it migrates the requirement or who runs that server to any other third party, essentially. So you could be a third party and run like a blinded there is a technical term for it, but it is a blinded server that basically is just like a mailbox or a message passer, such that what that means then is that any compatible PayJoint V2 wallet, of which there are only 1 as we've discussed in the last 20 minutes, that would mean that I could pay from my kind of mobile wallet to Max's mobile wallet without needing to have all of the fancy BT pay server and stuff in the background.
Very similar to the way stowaway and stonewall x2 worked over the Sorobank communication layer. So in terms of, like, what it enables users to do, it's very similar. Yeah. I think that's what Jordan's getting at in mentioning that there's a lot of noise around page 1 integration being massive. And Yeah. To be fair, I agree. Yeah. I think it's I think his frustration is not that there's a tool that could be useful. I think, like, it's okay. That's great. I think it's more just yeah. The messaging is that this is massive and groundbreaking
[01:34:42] Unknown:
and that that is, overhyping something that has been around maybe in a slightly different form, but for years years years years. And so I think it's just maybe that it's a little bit dishonest how it's being, marketed is his frustration.
[01:35:00] Unknown:
Yeah. I mean, look. Everybody wants to pump their own buy, and everything that they make is is the best thing since sliced bread. So, yeah, I I get I understand Jordan's frustration. And just to, like, state the obvious here, the reason in PageJoint that you need, like, this server or this or or you used to need this always on server is that it's an interactive thing. You need, like, multiple rounds of communication back and forth to be able to build this transaction in the first place. Yeah. And that's why before Pagerone v 2, you just couldn't do that from mobile wallets and mobile wallet because you might be on opposite ends of the world in different time zones and not able to speak regularly or or whatever. Whereas with PayJoin V2, you can kind of do this in incremental steps via that third party server or mailbox, as I like to call it, where you kinda post your message in there and wait for the other person to post theirs back. So, you know, it might not happen immediately, the transaction, but it does allow for it to happen more asynchronously and for the end users to not need to run a server. But, again, samurai guys, like, fix this problem ages ago in a different way.
Yeah. Designertron33 on Twitter. Why is it taking so long for 2 plus groups to build ARK?
[01:36:13] Unknown:
I thought
[01:36:14] Unknown:
How long did it take, Noah? Yeah. I thought I'd let you on that one. Yeah. I mean, that's an impossible question for a delinquent like me to be able to answer. I'm sure there's a lot of code that needs to be built and tested and then UIs to be built and tested. And, also, I believe the only way to get Arc to really shine is that we need covenants. I believe you can have Arc without covenants, but it significantly diminishes, like, its capabilities and how easy it is to interact with. So my guess is that it's twofold. Number 1, it just takes a long time to build shit properly. And number 2, most people are waiting and hoping for covenants so that when they do put all this effort into kind of build and push ARK, which for those that don't know is like a proposed scaling solution for Bitcoin. That when they build that, they do it on the best possible foundations and and, you know, can get the maximum kind of potential out of it. But, yeah, it's,
[01:37:09] Unknown:
other than that, way above my pay grade. Yeah. And certainly above mine. So, yeah, we'll see.
[01:37:15] Unknown:
Crash Neon X on Twitter. Final question by the way. Are there any coin joins or mixers that are functional enough to be considered right now?
[01:37:25] Unknown:
I'll answer it a different way. There are no coin joins or mixers that I'm currently comfortable using.
[01:37:31] Unknown:
Okay. Interesting. I would say joint market is worth exploring. There is quite a lot of trade offs with it, so just just be careful. But fees are low. You can, you know, achieve better privacy than not using any coin joins or mixes at all with Joy Market. If you're looking for, you know, a solution as to how to get into that, I would say run Jam on a start line and just play around with it, especially while fees fees are low. If we ever go well, not if when we ever go back to a place where on chain fees are, you know, 50, 60, 70, 100 sats per byte, then joint market just becomes prohibitively too expensive for people like me that only have a 100,000 sats total. So other than that, I'm gonna do my lightning shield and say, look. If you can, onboard into Lightning via a no KYC method like RoboSats, then you can get a good level of base privacy without having to jump through additional privacy steps to when you spend.
Don't get me wrong. The actual setup process and getting there in the first place, that is the main hurdle. But, yeah, check out my pinned tweet, and you can kind of read a little bit more about that. Yeah. And maybe using
[01:38:40] Unknown:
some of the post mix spending tools even though new people won't have post mix. Like, maybe, like, you and I could do it, collaborative transactions and things like that to sort of, muddy the waters a little bit and then do a lightning open or do a do a swap to Monero and then back out again to break that link. Again, issues potentially there, but,
[01:39:03] Unknown:
there are other ways. Yep. As always, trade offs all the way down to the bottom.
[01:39:08] Unknown:
I think that's a good way to finish out the show.
[01:39:11] Unknown:
It is indeed, mate. Yep. I, once again, just wanna say thank you to everybody for their support in 2024. Everybody at the Ungovernable team, it was a fucking whirlwind of a year. But we really appreciate all your support, and, looking forward to making even more waves in 2025. Oh, oh, oh, do you wanna tell for those that didn't see it on the socials where Ungovernable placed in the fountain charts?
[01:39:36] Unknown:
Was it number 3,
[01:39:38] Unknown:
I believe? Ungovnaible Misfits was the 3rd most listened to podcast on fountain
[01:39:44] Unknown:
Yeah. In the entire list. Like, beating some very big boys to the In the world. The podium. Yeah. Yeah. I was blown away by that. And, you know, obviously, that would not have happened without every single one of you listening to this right now. So, again, I've said it a 1000000 times on the show already, but thank you. Thank you. Thank you. Yeah. Massive thank you to everyone. It's been pretty amazing watching how Under Governmental Misfits has grown. I really do appreciate it. Every time that you mention the show to someone or share it and get more people listening, it seems like those listeners are are sticking and staying around and that we've got something that they like. So I'm very, very happy to hear that. And we will catch you on the next one. Cheers, mate. See you in 2 weeks.
