AOB
- Jon goes on a road trip
- Max is back on Graphene
NEWS
- Another Samourai hearing has taken place
- May 9, 2025 - Opening motion.
- June 6, 2025 - The prosecution’s response to the opening motion.
- June 20, 2025 - Replies to the prosecution’s response.
- July 15, 2025 - Expert disclosure by the prosecution.
- July 16, 2025 - Next in-person pre-trial hearing.
- August 8, 2025 - Expert disclosure by the defense.
- November 3, 2025 - The trial begins
- Opensats 10th wave of grants
- Faketoshi ordered to pay fine for using AI and misleading court
- Trezor publishes vulnerability disclosure in Safe 3 models
- Tornado Cash Sanctions lifted
- Two more solo miners get blocks
- Twitter suspends opposition accounts in Turkey
UPDATES/RELEASES
IMPORTANT LINKS
VALUE FOR VALUE
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(00:00:41) THANK YOU FOUNDATION
(00:01:38) THANK YOU CAKE WALLET
(00:02:45) Jon is the Man
(00:07:37) Pixel Problems
(00:14:31) Profiles are the Way
(00:18:44) FREE SAMOURAI UPDATE
(00:18:47) NEWS
(00:22:41) OpenSats 10th Wave of Nostr Grants
(00:25:06) CSW Misleads with AI
(00:27:51) Ledger Donjon Reveals Trezor Hack
(00:30:18) Tornado Cash Sanctions Lifted
(00:35:04) Turkish Government Requires Censorship
(00:37:00) BOOSTS
(00:43:05) UPDATES AND RELEASES
(00:47:29) Questions from the Misfits
(01:10:11) Catch You on the Next One
Bitcoin is close to becoming worthless. Bitcoin. Now what's the Bitcoin?
[00:00:19] Unknown:
Bitcoin's like rat poison. Yeah.
[00:00:22] Unknown:
Oh. The greatest scam in history. Let's get it.
[00:00:27] Unknown:
Bitcoin will go to fucking zero. Welcome back to The Bitcoin Brief, the show where me and q and a catch up every two weeks to talk about Bitcoin, privacy, open source, keeping your Bitcoin secure, and the news and software updates that matter. I just wanted say a massive thank you to everyone who's been supporting Ungovernable Misfits and a big thank you to Foundation Devices for supporting the show. If you haven't already checked them out, go to foundation.x,XYZ. They make cypherpunk tools for fuckwits, and anyone can use this, even me. If you have any questions or you want to reach out, feel free, and I'll be happy to go through things with you. For anything super technical, I'll pass you on to q. If you wanna buy one of these incredible passports, use the code ungovernable.
It will get you a discount, and it will let them know that I'm shilling. I'd also like to say a huge thank you to the k Wallet team. Not only are they supporting this show, but they're also bringing out some incredible features. For those of you who actually use Bitcoin and actually care about their privacy and security, Cake Wallet make it incredibly simple for you to live outside of the traditional financial system. You can use Cake Pay within the app to buy gift cards for food, petrol, and whatever else you might need day to day. You can use silent payments, and, of course, you can use Monero.
You can connect both Bitcoin and Monero nodes, use coin control, and this team are constantly innovating. And I'm really excited to be working with them. If you have any questions, you can reach out to me, but check them out at cakewallet.com. Download the APK or start using this today on Mac, Windows, Linux, iPhone, or of course, your Android device. Enjoy the show. Good morning.
[00:02:46] Unknown:
Hello, sir. Back again. Not even been two weeks this time.
[00:02:49] Unknown:
I know. We just can't keep away from each other. We've just got busy schedules. Piling on top of each other. We got shows after shows after shows, people wanting more. People wanting more. Jordan keeps messaging me. Yeah. He keeps messaging me saying, oh, such and such was asking for another show. They're waiting. They're waiting. I'm like, fucking hell. Alright. Doing our best here. Well, this is good. It's good. We're growing.
[00:03:14] Unknown:
Yes. We certainly are. Just need to multiply you and Jordan.
[00:03:19] Unknown:
Oh, don't do that. The world would be so much worse for it, wouldn't it? One is enough. So what's been going on, mate? Anything, in the Q household?
[00:03:29] Unknown:
Pretty quiet in the Q household at the moment. Just enjoying this is such a British conversation, but I'm just enjoying, like, the semi decent weather. Yeah. It's been nice not to have to go out in 97 layers.
[00:03:42] Unknown:
It is nice, actually. I've been out mainly in, like, a t shirt and joggers or whatever. No real hoodies needed. This is, like, a really gay thing to say, but I really like when the buds start coming out on trees and stuff like that. And there's like a little bit of a bird chirp. It's like hinting at it's gonna be spring soon. That is pretty gay. Yeah. But it's quite nice. There's a really nice tree outside of mine. You just see it and you go out in the morning. You're like, that's nice. I like this. Compared to, like, a few months ago where everything is just dead. There's not a leaf on a tree. Everything's just fucked and gray and raining and cold. And you wake up in the morning, you look outside and you go,
[00:04:25] Unknown:
here we go again. No. I agree. As a as a an outdoorsy type of guy, I, oh, hang on a sec. One of the guys is has just invited me to their office and foundation. Oh. I'm busy. One second. Okay. I'm back. You can leave that in, by the way. Just, we, we like to do business on a yeah. I agree. As an outdoorsy type of guy, it is nice to hear the birds chirping. It certainly is. The spring blossoms blooming. You mentioned not wearing a hoodie, and this is me putting my podcast a hat on now to do a perfect segue Oh, go on. Into John. Had to go on a big road trip recently I saw from the Telegram chat. What happened there? That is a great segue. You're such a professional. It's almost as if I've been doing this for, like, five years.
[00:05:10] Unknown:
John, the man, the myth, the legend. What a guy. We had a real problem with our printing, and people have probably sort of guessed that we're moving printers, and there's a lot of work that's been going into it to get it done properly. And we had a load of stuff that was stranded sort of mid move without going into the whole story. John managed to track down all of our stuff. He jumped in his truck, and he drove 18 to go and collect it all off his own back. Not a word other than came back. I've got it, boys. What a guy. Yeah. What an absolute legend. Eighteen hours. Yeah. Eighteen hours. I won't doc sort of where he was going and stuff, but a long way away. Yeah. Got in his manly truck. There's videos going around there. Oh, yeah. I saw that.
Yeah. Huge Ford, whatever,
[00:06:01] Unknown:
f two fifty or something like that. That truck looks like it would eat my car for breakfast.
[00:06:06] Unknown:
Proper man's truck. That truck looks like it would eat my truck for breakfast. It's an absolute unit. And it was absolutely full of clothing and screens and everything else. So, yeah, big shout out to John. What a fucking guy. Yeah. This is why the mesh to del is what it is and a lot of the connections are what they are because he just puts out all that effort and all that love and helps people all the time. He's a a special guy. Very special needs.
[00:06:38] Unknown:
You know if you could choose your parents, like, in a parallel universe, I think I'd pick John. I already have chosen him because he's he's so much older. Does that leave me with Jordan then?
[00:06:49] Unknown:
Well, you could have him as a dad as well, and then we could be brothers because he's so much older than us and wiser than us. It kind of fits. And I quite often phone him for advice. I'm like, you're so old, John. You're so wise. What do you do with these kids? Like, they're a fucking nightmare. Like, what do you do when this happens? And he's like, let me tell you, son. All you need to do is this. I'm sitting on my knee. Yeah. Anyway, I appreciate you, John. Thank you for doing that. It means we're gonna have some clothing back in the store quite soon. We had a problem with BCPay. They've got a saw, obviously, as always.
But once that is done and once the stock take is done, some clothing will be going out, and then we're sort of lining up the next bit of printing. So that's all good. That's all exciting stuff. Good. Very happy about that. John? Yeah. What a guy. Thank you, mate. The q and a max
[00:07:39] Unknown:
support hotline has been ringing off the hook this week, mate. Do you wanna update the listeners on what's been going on?
[00:07:46] Unknown:
Yeah. I finally took the leap again, and I've gone back to Graphene.
[00:07:52] Unknown:
We got it, ladies and gentlemen. We guilted him into it.
[00:07:56] Unknown:
You got me. Yep. I, I went and got a nice new Pixel. Which one? The Pixel nine Pro I went for. I pulled out a bit. Oh. Yeah. I know. You. I did the maths on it, and I was like, if I sell because I had a few devices. I was like, this one's for this, and this one's for that, and that one's for the like, I think I had, like, five devices. I know it's fucking retarded. No. I had, like, two or three that were generally in a rotor. And then I was like, if I sell all of these devices, that pays for the nine pro, and that's what I wanna change over to and just have one device. A lot of what I'm trying to do in life at the moment is simplify things because it's just it's everything's too much.
So I bought that. I'm wiping all the other phones. They're all being sold, and I've been slowly moving everything over. So first of all, the actual flashing of it was, with the help of your guide, pretty simple. I was pleasantly surprised. I did have to have a YouTube video going at the same time with someone just going through the, like, little bits where I'd be sending you a question. So I got through that, I think, without having to pester anyone too much. Flashed it. That was all good. I started moving across, like, wallets and stuff to one profile, moving across, like, more of my normal, you know, stuff that I would use every day into, like, another profile. Grinder and stuff. Yeah. I mean, the the absolute necessities.
So grinders on there and then all the wallets are on another one. Yeah. It's been really good so far, but, obviously, I've come across some issues, lightning issues, which you had to help me with a lot yesterday. Was it a lightning issue or was it a max issue?
[00:09:38] Unknown:
Let's let's let's tell the truth here.
[00:09:41] Unknown:
I would say it is a UX issue mixed with a special needs issue.
[00:09:50] Unknown:
I think I would say that. Before you go into the details, I would classify it as both because you should just be able to scan that QR code and it works. So the easy stuff was
[00:09:59] Unknown:
I did a encrypted backup of my Envoy, moved that across, shuffled it with a little USB. Piss easy. That took two, three minutes. All my labels are back. Everything's back. UX on it was like eight out of 10. Eight and a half out of 10. Then I did Cake. UX on that was like nine and a half out of 10. There was like one less step to confuse me. It was slightly smoother.
[00:10:22] Unknown:
Yeah. You can educate me here. Do Cake do a similar sort of thing then? Do they like allow you to export an entire wallet back up file? So both of you can do an encrypted backup, put a password on it. Mhmm.
[00:10:34] Unknown:
You can then shuffle that across with a USB. Both of you then can open up a new wallet. And the only difference is there's one less step with Cake because on the first screen, it says restore from backup. Mhmm. Whereas I think with Envoy, I can't remember exactly what there is, but there's, like, one more step, which is do you want magic backups, or do you want something? And then you've gotta skip that and skip something else, and then you can do restore from you know, I still worked it out. It was just, like, one more step or whatever it was. But they worked perfectly. I was like, oh, look. I've got all my wallets back on k. That's perfect. Everything works on Envoy. Perfect. Tested all that. Happy.
And then I tried Zeus, and I started to get quite frustrated because I was reading through the guides and nothing was working. And then I was like, oh, oh, fucking hell. I'll look at a YouTube video. There's gotta be something on here. And there was, like, BCC Sessions had done one, like, two years ago, which obviously is well out of date now. I was like, oh, that's not fucking that's not what I want. I kept playing around with it, kept getting failures and errors and problems. And then I was trying to, like, manually get it across, but I didn't have messaging apps on there. And I was like, I don't wanna type this all out. And it was just it was all that sort of stuff. Then I was typing the stuff out manually, and then I was switching to go back to another browser.
I've got this on some other notes. Let me copy and paste from here. And once you went out of the app, not even out, like, you know, you flick up and then scroll across the next thing. Yeah. When you did that, it would start the whole process again. You couldn't just go through and fill the fields. You literally couldn't do it. Yeah. I was like, fucking hell. So then I messaged you.
[00:12:24] Unknown:
Funny. Long story short, there's a problem with the QR code that Start nine generates, like the pairing QR code for call lightning nodes. It puts in too much information, and I had a quick scroll through the telegram, the Zeus telegram, and Evan was already aware of it as you would expect. He's always on top of shit. And he said, oh, yeah. Just tap into this field after you scan the QR code and delete everything before the at. So I sent this to Matt, you know, here's what you need to do. And he's like, oh, when I scan the QR code, there's no at. I'm like, okay. I find that hard to believe. So I said to Max, I said, just send me a screenshot a screen recording of you scrolling through this field. So he did it and I had to, like, go in super slow mo on this video that he sent me. It was like a boomer version as well. It was a video of me scrolling through on another phone rather than us. User. Like, can you do a screen record? And I was like, kind of. Let me give you a boomer version.
So I'm there scrubbing through this video in super slow mo while Max scrolls through this field. And lo and behold, halfway through the video, I can see an at field even though he was convinced there wasn't one there. So I sent him a screenshot. I was like, like, look at this. But we got them in the end, mate, and it's all connected and working now. Yeah?
[00:13:35] Unknown:
We got that. It's all connected and working. I'm very happy. And I would just say, I think what I did is I read it, whatever was in that Telegram room, as delete everything before the at. I was thinking, like, it was gonna be right towards the beginning because I think you then said go all the way to the end and it'll go all the way to the beginning. And I'm like, it's HTTPS at the beginning and it's dot onion at the end. And, like, I just didn't see it in the middle. So completely me being a retard. You know when you get all flustered. I've been doing it for, like, an hour. I was fucking busy. Yeah. Kids were screaming in the background. Yeah. I was just getting all, like, hot and bothered.
And then I started draining the wallet. I was like, fuck this and fuck Lightning. Fucking because I'm already having a problem with Lightning on BTCPay. I was like, I've had enough. And I was just, like, draining it all. And then you were like, have you just tried this? I was like, oh, give it one more chance.
[00:14:30] Unknown:
Well, you got it sorted. But outside of that, like, overall impressions with the the Pixel nine and Graphene, now you've kind of almost migrated fully back from iOS. Haven't been on iOS for how long?
[00:14:41] Unknown:
I've always been on iOS since the first iPhone. I've always had, like, other phones.
[00:14:46] Unknown:
Oh, okay.
[00:14:48] Unknown:
I'll have both. And so I kind of use iOS as, like, my daily everyday with, like, family stuff and whatever. And then I've used Halux for a while. I've used Graphene previously, but on, like, Pixel threes and stuff, which I think is, like, outdated anyway. But, yeah, now it's consolidating it all. So I'm down to two phones now. I'm just moving the last bits over. But what I really appreciate on it is this profiles thing. I think that's what's really sold me where I'm like, oh, this is really clever. It's not perfect. I have a few little things with it, but the fact that you can have your normal device profile with whatever stuff you have on there, like you would use for normie stuff, and then you can have a separate it's not hidden hidden, but you've gotta go into settings and then profiles and then choose a specific profile, and then that has a different pin.
And you've gotta go into that to actually access any of your wallets or any of your Bitcoin or Freedom e type stuff. Yeah. It's just like a sandbox within a sandbox, isn't it? Yeah. I really like that. What I don't like about it is there's a little bit where it says end session. If you lock the phone and you're in your separate user profile, when you open it up, before you put your PIN in, it says end session. So it would make any potential attacker aware that you are in a separate profile Mhmm. Which I don't like. I understand, like, as a UX reason why you might do that, but I don't like that.
I'm sure there's gotta be a way around that. There's some resident graphene maxis that I know will be using that sort of feature that we'll probably have a workaround for it. That would be interesting to know for sure. If anyone knows, let me know. So that's just the one thing that I've noticed. And then the other question that I have with it is, could you have separate eSIMs slash SIMs for the separate profiles? Could I have my old number that's attached to, like, all my, like, normie shit where people are gonna call me for, like, fiat related bullshit on one, and then I have a new eSIM on profile two,
[00:16:55] Unknown:
or can you not do that? That's I don't know that yet. That is a good question, and it's not one that I know the answer to.
[00:17:03] Unknown:
Okay. Well, again, anyone who knows, let me know because I feel like that would be useful. Although almost everything that I would do in my second profile or third profiles, that would be Doesn't need a SIM anyway. Yeah. It'd be, like, data only. Yeah. I'm almost thinking of fucking getting rid of, like, a mobile completely.
[00:17:21] Unknown:
And just having, like, a Wi Fi hotspot?
[00:17:23] Unknown:
Yeah. Or, like, having a SIM card but data only. Oh, I see. Kind of thinking like, could I fuck off a phone number completely? Or just keep an old number on the cheapest thing, whatever, just like old one rolling, and it's just sat in a drawer, and I check it once a week. If I'm suddenly like, oh, I can't log in to this old whatever thing that I haven't used in five years, oh, they've got my mobile number. Right? I'll do a text message to recover all maybe just keep it for that. But other than that, pretty much use Telegram and Signal. Yeah. You could just use something like silent dot link in that scenario, couldn't you? They do data only packages. I did have a look, but I'm, as you know, not gonna be around in this country for that long without giving too much away. And where I'm going, I looked, and the data's quite expensive.
Really quite expensive. Mhmm. That's not gonna work for my purposes. You've gotta be extremely wealthy to be using that data package. Fair enough. But there are other ones in other parts of the world where it's pretty reasonable, and I would definitely do it. I think it's a really good business, but just I don't think that specific one fits my purposes, unfortunately.
[00:18:33] Unknown:
Check out Bitrefill, the country specific eSIMs, local ones. Oh, that's a really good tip. I'm just looking now at discussed location. Mhmm. Yeah. Still pretty expensive. Okay. I'll have a look. I think that covers off our pre chat. Let's hit the news, shall we? Let's do it. There was another samurai white pre trial hearing last week. The guys from The Rage and Frank Korver from BCMag were both there to cover off this one. Sounds like it was a pretty short hearing, in fact, the shortest one to date. Yeah. The shortest and least substantive of the four pretrial hearings that have occurred thus far. Basically, just a quick meeting where they're setting future dates. At the hearing, the prosecution and the defense established an agreed upon pretrial motion schedule, which is as follows. May 9, opening motions.
June, the prosecution's response to the opening motion. June, replies to the prosecution's response, and the official part of the trial then is started to begin November 3, so back end of this year. Cannot believe how long this is being dragged out. It doesn't sound like there was any major information other than kind of setting the more official trial dates at the most recent hearing, which obviously I've just discussed. Oh, sorry. The prosecution is scheduled to provide its expert disclosure by July, while a defense is expected to provide theirs by August.
And further expert disclosure may be permitted on July 16, which is the date for the next in person pretrial hearing. So lots of dates in the diary, you know, clearly there's a bit of progress and a bit more certainty as to what's gonna happen for the rest of the year. But again, just takes so long. I don't know whether this is kind of standard procedure for this type of court thing in The US, but dragging on. Maybe I take things too far, but I feel like all of this is just part of trying to make things difficult on the individuals
[00:20:29] Unknown:
because the longer it's dragged out, the more stress Mhmm. The more it rattles people. It is the worst part. The waiting and not knowing and the stress and the planning of anything like this where you're dealing with government, it just takes a toll on everybody. And I almost like, feel like a form of punishment. Mhmm. Yeah. You might be right. I don't think it reasonably yeah. They're they're inefficient and all that kind of stuff. You know, people say, like, government's so inefficient. And it's like, they are, but not with things that they wanna be efficient with. Like, you wait until you owe them some fucking tax. You see how efficient they can be then. Oh, yeah. Oh, yes. They get up right in early. They'll be at your door the holiday.
[00:21:08] Unknown:
Exactly. So I don't know. That's how I feel. And I just I feel for those guys and their families because it cannot be easy all this waiting. No. Not at all. The only couple of very minor positives to come out of this recent news is that number one, one of the guys is living with his family in Portugal, granted that he can stay there. He doesn't have to attend in person for future pretrial hearings, because, obviously, that ain't cheap to get from Portugal to New York and back again No. For all these hearings. So Mhmm. He doesn't have to travel now just for the pretrial stuff. Obviously, I'm sure when when the actual trial starts, they'll have to be present, but his lawyers can represent you for the rest of the stuff. So I should save some cash, which is good. Well, that's something. And then the other one was the coverage from The RAGE, which is a self funded publication. They were able to send a reporter to cover this pretrial hearing, although there wasn't, you know, as it transpired all that much information to come out of it. They were able to have somebody sent there by crowdfunding it essentially, which I thought was pretty cool to see that, you know, there was enough people that cared about this on if if I'm being honest, it was mainly Nosta people zapping. But I'm sure The Rage had like a crowd fund on the website as well where people would just send new funds their way so that they had enough funds to send a reporter to go and cover this.
That's cool. So, yeah, I thought that was pretty cool. And I'm sure they'll probably be doing that again next time around. So if you are a follower of the rage on all of the different social medias, keep an eye out for that and, you know, contribute whatever you can to that. And of course, to p2prights.org, which is the main fund for funding the defense here.
[00:22:40] Unknown:
Yeah. Definitely.
[00:22:41] Unknown:
K. Next up on the list, we've got OpenSats has announced their tenth wave of Bitcoin grants, which support open source software and developers in and around the Bitcoin ecosystem. We've got Bitcoin safe, a desktop wallet, stable channels, Way, y w a y e. I don't even know how to say that one. Florestra Crooks, which is a well established open source kind of, I guess, I'm probably gonna get chastised for this, but, like a scene designer alternative Right. I think is built on the ESP 32 or maybe the m five stick platform. It's kinda like a DIY side side of thing, but with a bit of a bigger screen to seed signer. Is it a bit like Spectre did one? Like a Spectre DIY that was like a big screen? It's kinda like that, but a bit smaller. Yeah. I'm trying to find an image for you quickly. But it's very feature rich actually considering it's not funded by a company or anything like that. You can actually run this software, the Crook software. If you just check your signal messages, you'll see some images of it. You can actually run it on a number of different devices.
So it's not like a seed signer where you have to buy a specific board and you can run it on all of those different ones that you can see in that list there. And maybe you can send this to Jordan so that people listening can see that as well. Very basic UI, but in terms of what you can do within there, like, it's got all of the bells and whistles. And I think the most common one is that people used to build. This is the m five stick, which is that blue one that you see in the image, Max. And they're saying price range 50 to $55. That's pretty decent. Yeah. Not too bad. So good to see that getting funding. They've seem to have stood the test of time and shown a bit of a product market fit alongside
[00:24:17] Unknown:
seats, which is good to see. It seems like they haven't quite got the same following because I've not heard of them until now.
[00:24:24] Unknown:
I don't really know why that is.
[00:24:26] Unknown:
People make some unbelievable high quality cases for them, and Yeah. The UI has got better and better and better, and, like, it's maybe just got more of a community around it. Like, some of the stuff that I see that's built for them, I'm like, fuck. That's really, really nice. So
[00:24:43] Unknown:
You see the seed signer gang doing the rounds on social media. Like, they've got a good bit of presence, haven't they? But I have got absolutely no idea who's behind crooks. Maybe that's intentional, if it is more power to them, but obviously that's maybe stunted the awareness of project
[00:24:59] Unknown:
somewhat. I think you got to the crux of the issue there mate.
[00:25:02] Unknown:
I need the soundboard. Okay. Next up on the news, our good friend, mister Craig Wright, AKA Fake Toshi. Oh. The l's just keep on coming. A UK Judge has ordered Craig Wright to pay £225,000, that's $290,000 for you lot over the pond, of the Crypto Patent Alliance COPPA legal cost after ruling that Wright improperly used AI to file his appeal and risk significantly misleading the court. Amazing. Oh, dear. Justice Arnold said Wright improperly used AI to prepare his submissions which risk significantly misleading the court and pursued his applications in part for ulterior motives.
I wonder what that was.
[00:25:52] Unknown:
He's like the gift that keeps on giving. It really is. You think, it can't get more retarded than this, can it? And he goes, oh, yes. Yeah. I think what I've got up my sleeve.
[00:26:04] Unknown:
Yeah. I just kinda thought it couldn't get any worse for the guy.
[00:26:08] Unknown:
It's the perfect mix because when you have someone who has absolute belief in themselves and that they are the smartest, the best, and no one can keep up, but none of the skills, that's the best mix. And he just does that better than anybody else.
[00:26:27] Unknown:
Absolute confidence Yeah. Just never delivers. The most astounding part of that whole scenario and the whole saga which dragged on for way too long is how many people who you would think, because of what they've achieved prior to that, He was able to convince and get on board and he had a lot of well, not a lot, but more than you would expect amount of significant people vouching for him or backing him. I just found that whole thing astounding. Clearly, you know, everything comes out in the wash and we've seen the insanity of the whole thing. But the fact he was able to fool so many people for so long is I guess I've got to tip my hat to him a little bit even though I do need to use a bellend.
[00:27:09] Unknown:
Some con men are just particularly good, and it might be that just if he's in front of you and you're not really entrenched in the space yet, you don't really see or, like, understand that Satoshi wouldn't be coming forward like this and all that kind of stuff, that he's obviously a fucking retard. But con men can get people to do all sorts of crazy shit. A bit like cults. People come out of it and you're like, how the hell did you believe that there was a Yeah. Magical unicorn and you had to feed it gold every morning and, like, this bloke had to fuck your wife and, like, that was gonna save the world. People are like, I don't I I don't know, but I did. I believed it, and that's kind of the same thing. It's so outrageous
[00:27:48] Unknown:
to believe him, but people did. Yeah I think you nailed that. Yeah. Next up on the list the Ledger Donjon which is kind of Ledger's white hat I don't want to call it a hacking arm but they basically do penetration testing on Ledger devices and other hardware wallets as well. They have demonstrated a way to bypass the authenticity check and the firmware hash check of the Trezor safe three. Now this was done and in fairness, they've obviously done the responsible disclosure thing because the disclosure that I'm reading from here is from the Trezor blog. So it's Trezor saying, look, the Don John team found this and here's our take on it. As always, they've done it using an advanced voltage glitching technique, which basically just meant that they were able to skip the supply chain verification part of the Trezor onboarding.
Crucial parts here are that private keys whenever at risk, you couldn't extract the private keys or the PIN as part of this. It was basically they were able to, I guess, spoof the authenticity part of the device in terms of the supply chain side of things. The attack requires full physical access to the device. This includes disassembling the casing, desoldering the microchip, modifying or extracting the data using specialized tools, and then reassembling and repackaging the device without leaving any visible signs of tampering. Mhmm. So as always, there was bound to be some alarmist headlines around this. But when you actually read into the details of how these types of attacks are pulled off Yeah. The reality of this actually happening in real life and it resulting in somebody actually losing their real world funds are very, very low. Yeah. Yeah. Yeah. And that's me speaking and vouching for a competitor at Foundation, but just being open and honest here. It's highly unlikely that would happen. Yeah. But it's good they do this kind of stuff. Yeah. Definitely. As much as I
[00:29:37] Unknown:
really strongly dislike Ledger, the devices are shit. The fact that they leaked everyone's data is incredibly shit. The decisions they've made recently are incredibly shit. I would never ever ever advise anybody ever use one of their devices, but I really respect that they do this, and it's useful for the space that they do it. Definitely a net benefit for the wider hardware ecosystem
[00:30:02] Unknown:
without a doubt. This type of testing is fucking expensive.
[00:30:06] Unknown:
I bet it is. Yeah. I bet this is millions and millions and millions of dollars being spent on this, and everyone who uses Bitcoin benefits from it. So thank you, Ledger, for that. Yeah. Absolutely.
[00:30:19] Unknown:
Next up, the Tornado Cash has officially been removed from The US or OFAC sanctions list alongside a stark warning from the US Treasury. The Treasury has issued a warning that US persons should exercise caution before engaging with services like Tornado Cash amidst the software's removal from the OFAC's SDN list. I'm not sure what SDN stands for. Yes, I do. Specially designated nationals and blocked persons list. Basically, the naughty list. Yeah. Yeah. So they're taking them off it. The removal They're off the naughty stuff. Yeah. The removal announced by OFAC this morning comes after the fifth circuit classified a lower court's decision to designate the Ethereum software as a sanctioned entity as Auton Lawful, which occurred last November. The treasury sanctions against Tornado Cash were in part lifted because the fifth circuit had determined that both Tornado Cash and the treasury would be, quote, powerless to stop North Korea from using the software due to its use of immutable smart contracts that cannot be altered.
Would you look at that? They're finally starting to understand. Well, that's some very good news. It is. Sadly, I don't think this is going to have any consequences, positive or negative, for the proceedings that are currently undergoing against Roman Storm, who's being tried by the Southern District Of New York. Pardon the pun, but the jury's still out as to whether this is positive or negative. I don't think personally it's gonna have much of a weighing on the outcome of that case. I might be completely wrong. I hope it does have a positive effect because, you know, clearly I think Roma Storm did nothing wrong. But I guess we'll just have to wait and see. Nonetheless, it's good to see a bit of common sense. How can we sanction something that nobody's got any control over? Yeah. Well, that's good. Oh, here we go. As for the prosecution of Storm, the judge has previously denied a motion to reconsider the dismissal of the case against the developer based on the fifth circuit sanctioned reversal, arguing that much of the case rests on the development of the Tornado Cash user interface rather than the Tornado Cash smart contracts themselves.
That kind of answers my previous question the judges already said. Okay next on the list, a couple more solar miner blocks have made their way into the Bitcoin blockchain in the last couple of weeks. Nice. Block 888737 was found by a miner on a future bit Apollo. Block 888989 was, and this is the interesting one, was mined by a miner. I believe the initial thought was that it was tagged as a Bittax. However, it since transpired that whoever successfully mined this block said that that was old data and that this guy did actually have a couple more Terahash. He still didn't have a lot. I think he had something like nine Terahash.
I think he might have been using one of these Canaan mini Avalon Nano threes. I'm pretty sure if my memory says correct that he's got something like that. But the the thing I do remember is he had, like, 10 Terahash. It wasn't a lot at all. He was doing it via self hosted public pool, which he was running on his Umbrel node, which I believe is the first block we've ever had mined on such an instance. Normally, the previous couple of blocks that we've spoken about, they're all using, well, mainly CK pool. So it's still a solo miner, but they're using a semi trusted pool to coordinate all the block construction. But this guy, triple eight nine eight nine, nope. He was doing it on an public pool hosted on his Umbrel node, which I think is so fucking cool. That is cool. It's just what we're all praying for. Everyone who's running one of these things, come on. I did the usual when I saw it on Twitter sprinting to my BitX, but sadly it won't be again. I've donated mine, the free samurai
[00:34:02] Unknown:
cause. I just need to wait for them to be plugged in, and there's some black coffee to do that and Ben Gunn to provide the electricity. Nice. Oh, okay. I didn't know that. That's very cool. Yeah. They were donated by Altair to me, and then they were donated from me
[00:34:20] Unknown:
to Black Coffee and Ben Gunn. They're gonna plug in at their place using Ben's power. And then if anything is mined, it is gonna go to Free Samurai. Awesome. Very cool. So that would be cool. We can just sort of sit and wait and watch. And maybe in a few months, we'll be saying, we hit a block, and there is significant funds going their way. That's my hope. Well, we'll cross our fingers for that one. The last news piece, just wanted to shine a light on this one. I know since mister Musk took over Twitter, and even more specifically since Trump's got back into power, that Twitter seems to have been on a less disastrous course than it was before all the Wokies were running it last year or two years ago, where especially around COVID, people were getting accounts banned left, right, and center. It was like a daily occurrence. In fairness, that does seem to have diminished somewhat, especially in the circles that I run-in anyway. But mister Muskin co have been caught suspending accounts for the opposition party in Turkey. This comes amidst some civil unrest.
Suspensions affect accounts spreading information about the widespread demonstrations. So clearly somebody from the powers that be in Turkey has picked up the phone and spoken to old Elon and said, look, we're losing our grip here. We need you to help us out. And it seems as though he's listened, which is complete shit show. But I guess when you're the head honcho of a centralized platform, that's your prerogative to do that, unfortunately.
[00:35:42] Unknown:
This is why I am thankful that alternative solutions exist. I guess they can say, well, you can't sell your cars or a Starlink here if you don't. But also, like, that's an empty threat anyway because they're gonna wanna sell stuff. Well, Brazil tried that, didn't they? And also, like, Turkey, great place, but it's not exactly a superpower. Do you know what I mean? Yeah. It's not like they're getting really big pressure from China or something like that. I don't know. That kinda tells you a lot about speaking out of both sides of your face. Yeah. We're about freedom of speech and freedom, and anyone can say anything and do anything and blah blah blah and all this stuff. And except if Turkey bells me and it's like, can you just get our fucking subjects in line, please? Oh, yeah. Yeah. We'll do that. Turkey today.
[00:36:28] Unknown:
UK tomorrow.
[00:36:29] Unknown:
Oh, UK. I'm sure it's already happened. This is why I always bang on about Nosta. Tried to tell you, mate, for a long time, you need to own your data. You need to own these keys. And these centralized services like x, you know, they're gonna get leaned on, and you really need to think about moving your stuff over and nostring it up and getting some insects and pubs and all that kind of stuff because it's just the way forward. It really is. Maybe I'll check it out. It's worth doing. There's a guide I've been working on. I'll I'll send it your way. Okay. Maybe we can link it in the show notes as well. Okay. Useful. Right. Should we hit some boosts?
[00:37:02] Unknown:
Let's do it. So kicking off with the man, the myth, the legend, John. Twenty one thousand four hundred and twenty sats. I have nothing witty to say today. Love you boys with a heart. Probably got nothing witty to say because you drove for eighteen hours, you fucking lunatic. But we love you. We love you too, dad.
[00:37:23] Unknown:
Yeah. Thanks, dad. Shadrach with 12,393 sats. Hashtag forty hours per week. Headphones, cigarette, love. Thank you, mate.
[00:37:36] Unknown:
Late stage huddle, 10,000 sats. I'm not sure how to ask this question, but you two Brits are the closest I am to anybody in The UK. Can you tell where Danny Knowles is from just from his accent? I haven't heard Peter's okay. That's fine. Okay. We can insert that in the So,
[00:37:55] Unknown:
okay. That's fine.
[00:37:58] Unknown:
Very quick. I like it. I haven't heard Peter's So, okay. That's fine. On this show in a while. That's fine. But the one that knew what Bitcoin did has Danny saying a lot, and it sounds more like when he says it. Anyway, just curious. Please continue with actually important things after my bullshit question. Yes. We can. I actually know where Danny's from. I've I speak to him on and off, so I know where he's from. But could I tell from the accent? Yes. I could personally. What about you?
[00:38:30] Unknown:
I'm really bad at accents, but I'm pretty sure it's Northern Ireland. Interesting. Or South Wales. It's one of the two. They're very similar. Okay. That's right, isn't it? No. I can tell where he's from. I don't know if that's, like, a publicly known thing or if it matches the Obviously, we're not gonna mention it, but, yes, we can. Yes. We can. It's it's pretty distinctive.
[00:38:52] Unknown:
I think he's fairly public about it if you go through the back catalog, but just in case it's not, then I will, Yeah. You You know, I'm not gonna talk to you. We don't wanna be those guys that say those things and leak information. Yeah. But, yeah, you can pretty much, like, I'm really bad at
[00:39:07] Unknown:
like, I can hear an accent and know, oh, yeah. That's that. But I get a few of them confused, like, places confused. Because to me, anything that's, like, north of Oh, here we go. I'm trying to think, like Watford. Even Watford. Yeah. Anything North Of Watford is, like, is basically Scotland. Oh, I thought it I like it's just northern. People are like, where's he from? He's just northern. Yeah. Yeah. All of the Brits listening will be laughing at that, especially the northerners. They are more friendly though. Absolutely 100%. If you're coming to The UK from any other country and you haven't been before and you're like, I wanna meet some real fucking cunts, come to the South. Like, go as south as you can and as close to London as you can, and you're gonna get aggressive,
[00:39:54] Unknown:
busy Like New York. Country.
[00:39:57] Unknown:
Yeah. Just like the worst it brings the absolute worst out of people. And then if you go Leeds and above, people get really friendly. I've done deliveries up there and stuff, and I'm like normally, I'll drop some stuff off and meet someone, and and they're like, yeah. You're right. Chugga there. Like, all rude, whatever. And they're like, oh, yeah. Do you want a cup of tea? I'll come and chat to you. And they're, like, really friendly. Like, you're best mate. It's it's completely different experience. I cosign that, and we got better chippies as well. Yeah. I think, actually, everything in the North is better except for the weather. True. Very true. If it wasn't so shit and miserable and maybe that's why they're so, like, jolly because if they were any less jolly, the weather would bring them down to a point where they go, fuck this. No end of it. End it all. Just, yeah, let's end it all. This this the life is not worth living, and then they just bump into someone they're all friendly like, oh, okay. Let's give it another go. Agreed. FOMO chronic with 1,001 sats.
[00:40:55] Unknown:
No message. Wartime with 333
[00:40:57] Unknown:
sats. Shit. I just heard the message to me a little bit late. Well, wartime, thank you for sorting the things and stuffs that were sorted. I appreciate you, and I send you lots of love. I hope you're well. Stack Jarrow with 350, and then another 350.
[00:41:18] Unknown:
Question to follow in the question section later. I guess that's a note from Jordan. No. That's me. His boost was the question, but I've lumped them all together at the end. So thank you for your question, Justin. Jarrow is a good one. We'll hit it later. Yeah. And your name. That's good as well. It is a great name. Pies, hundred sats. Just an FYI, I'm considering boycotting all future episodes, I have no American representation. I actually responded to this one when I saw it through and just said, look we can give you a little feature on the show if your little ego feels like it needs it. Pies.
[00:41:49] Unknown:
Yeah. He might like that. Yeah. He might like that. If you wanna send us in, like, a little voice note or something, you have some thoughts, send it in, and then we'll have some American representation.
[00:41:59] Unknown:
Yeah. Maybe we can have Jordan insert, like, an image of of an eagle on a an American flag over this part of the show. Yeah. And some guns and stuff like that.
[00:42:08] Unknown:
Also, thanks to all the streamers, Baste Potato with 2,002 sats, Kaz Pieland with 1,384 sats, Plebter Polymath with one thousand and 14 sats, Felipe Martino with 962 sats, and We All Eat, the big man, Chet, with 845 sats. Thank you. To all of you. Yeah. Yeah. Legend. Thank you very much. You've gone gone all quiet, Chet. Haven't seen him for a while. Pretty busy. Busy up mines all over the world. Busy eating. He's a big old unit. So questions are later then. Yeah. Well So you filtered them all out. I like that. Well, in fairness, there was only one question from the boosts, which was from
[00:42:56] Unknown:
Stackjaro. The rest came from Nosta and one on Twitter. So I just thought, well, while I'm doing all the questions, I'll put them all in one nice, neat little pile at the end of the show. So we can hit the updates and releases of which there's only four for this show, and then we can jump onto the questions.
[00:43:13] Unknown:
Okay.
[00:43:14] Unknown:
First release, there's a new service called lnvps.net, which is exactly what it says on the tin. Okay. It's a VPS service that you can pay for via ln, and you can access it via lnvps.net. This is run by Kieran, who is producer of many different Nosta tools. I think he did Snort. I think he's done Nosta Nests maybe or one of the live streaming ones. Mhmm. He's now running his own VPS. I believe it's on his own hardware based in Ireland, I think. Okay. As with most VPS providers, you can configure it so you can have small one with low power and a small SSD all the way up to a big beefy unit with a terabyte hard drive that costs you like €40 a month. Cool parts about this. Two things. Number one, obviously no KYC. And number two is that it's kind of NOSDA based and you can have recurring payments.
So you can just sign in with your m pub and set it up with Nosta Wallet Connect so that you can just have an ongoing subscription. So one thing I'm really bad at is topping up my various VPSs. And I always get like an angry email to say we're gonna turn off your VPS until your website same. Pay us. Well, with this one, you can set up like an automatic schedule where you give it a an allowance for an Austal Wallet Connect, and then you can say, yep. I'm happy for this to withdraw $9 a month or €9 a month from my lightning wallet. And it just all happens nicely automatically without any KYC, no ID, none of all that bullshit, and it all goes over lightning. So the fees are reasonable.
[00:44:49] Unknown:
Okay. Very cool. I like that. Another one, what we got here.
[00:44:54] Unknown:
Pedro, who has produced many kind of design based projects in the Bitcoin space. He's done a longer weighted update to his satsconverter.i0 website, which is well, again, it does exactly what it says on the tin, basically. It converts sats to Bitcoin and then Bitcoin to loads of different fiat values all around the world. That's what you have on do you have it on your website? So if for those of you that have ever used bitcoin.guide/convert, I essentially forked the original version of of this project that Pedro made and just made it suit my website design. Obviously, kept the donations box for Pedro at the bottom to make sure anybody that supports it supports him, not me. And, yeah, he's just done a an update after quite some time where he's added in some additional features where we've got a static version of Sats per USD, Sats per Russian ruble, etcetera. And then also, like, the conversion rate for the amount of Bitcoin or Sats that you provide as well. So just kinda jam packing I love that. A lot more information into the single. Thank you, Pedro. I genuinely
[00:45:57] Unknown:
use that a lot. Yeah. Anytime I do a trade
[00:46:02] Unknown:
in person or whatever, I'm always like, oh, let's do use this. Every single time I use that, it's brilliant. Yeah. Well, you can thank Pedro for that. I literally just made it match my website. So Yeah. Thank you, mate. If you are one of the people that uses this, consistently, consider just pressing the donate button. That will funnel all the SAT straight to Pedro even though it's on my website.
[00:46:21] Unknown:
Thank you, Pedro.
[00:46:23] Unknown:
Robosat's version zero point seven point five alpha has been released. And what's new here, we've got a JavaScript warning, and we've got users will now be advised when they select a coordinator that doesn't offer swaps. And then for coordinators, orders stay public even if there is a nonconfirmed taker, allowing multiple robots to take the same order. That's interesting. I wonder how that one's gonna work and not have collisions, but clearly they've thought that through. And then the last one on the list, just wanted to signpost a useful tutorial by mister BTC Sessions.
He has done one on Liana wallet. So if you're interested in being at the cutting edge and testing out with miniscript and decaying multisig, etcetera, etcetera, then he's done a fifty six minute video for you to go through and kind of test that out. Emphasis on the test here. This is new software, and not all hardware wallet support it. So tread carefully and maybe just do it in testnet mode. Is it Ledger and who's the other ones who do it? Ledger, Bitbox, and I think Coldcard have got it, but you have to install their Edge firmware, which is like the non mainstream one. Okay. Yeah. Tread carefully. Okay. Onto the questions.
Thank you to everybody that got involved. As always, the Nostra crew came through strong with just one question from Boost on Twitter. First one comes from x patriotic, and he's asking me what my use case is for Voca. So Voca is something that's come out this week, which is a text to speech engine for Android, for Graphene. Mhmm. Basically, very simple. It's just a very simple application with a text box. You paste some text in, and it reads out for you. You know, you can configure the languages. Oh, I like that. The crucial part here is like there's loads of tools that do this online and you can pay and they use fancy AI voices and you can have it be Morgan Freeman reading a book to you if you want to. But they're all paid services and they're all cloud based and they're all harvesting your data. Voca is a % local.
So let's say you wanna read an article or convert some somebody posts a really long Twitter thread or something like that. Just copy the whole lot, paste it in, and you can have it all converted into a nice, a voice of your choice or locally on your phone, such that you can listen to it. I'm very excited about this one because I'm a bit like you Max. I don't like reading long form content. So whenever there's a blog post that comes out that I see. Yeah. Yeah. I normally use one of these cloud services to convert it so that I can just listen to it because I just take it in so much more easily. Well, I don't need to use any of those now. I can just do it all locally on my phone. And it's very quick in terms of the conversion from text to speech as well. Mhmm. It's all open source. It's available on well, I downloaded it from zap.store, which is kind of like a a Nosta version of F Droid. Already supported them with some stats to say thank you. It is very early release, so expect some bugs, albeit I've not found any just yet. Yeah. It's a very promising piece of tech and completely free to use. So Nice. If you do get some value from it, consider supporting the guys there. Excellent. I might use that, actually. It's very good. Yeah. If you're shit at reading like me, it's a very, very useful tool. I can't imagine that you'd be shit at reading. You're always doing guides and reading through stuff and
[00:49:31] Unknown:
whatever.
[00:49:32] Unknown:
Well, I listen to most of it. Do you? Yeah. Oh, I can. Most of my information via podcast. And then if there is blog posts, I'll just convert them toward you. Yeah. Because I imagine you being, like, one of those people who's like, oh, just read through the documentation, and you'd, like, sit there, like, reading through. When I have to.
[00:49:49] Unknown:
Yeah. Okay. Doing the text to speech stuff on that kind of documentation, It just it's horrible to listen to. It's like section one, one dot. Yeah. It's like horrible to listen to.
[00:50:02] Unknown:
Agreed. And then the second part of expatriate is a question. When did you realize you're becoming obsessed with Nosta, and are you seeking help?
[00:50:12] Unknown:
Good question.
[00:50:13] Unknown:
Nosta, just like lightning for me, is something I go super bullish and then slightly bearish on over time. It comes and goes in waves. As you've noticed, I'm going through a bullish phase at the moment. Yep. When you read stories like the censorship stuff that we talked about in Turkey and things like that, that sort of stuff only seems to be going in one direction. So yes, there's a shitload of hype around nostalgia and a lot of stuff being built that probably isn't of real world use to some people, but the core the crooks of the protocol itself does show a lot of promise if you kind of look past all of the hype and stuff. So I'm just thankful that it exists. I'm just trying to do my part to kind of use it, raise awareness for it, and help push the network forward. So I think it's important in the twenty first century to have something like that available. That's fair. Next question, Camper on Nosta.
How cool is the eCash NFC tipping?
[00:51:04] Unknown:
Have you seen this, Max? You probably haven't because you don't go on Nosta much. I don't know. I get confused on there. The camper on Nosta, how cool is the eCash NFC tapping? Well, it's just like paying with NFC.
[00:51:17] Unknown:
So yeah. So Cali, prolific Bitcoin lightning and now eCash developer, has basically got this working between two different eCash wallets where well, maybe not for us with Graphene, but probably you with your iPhone when you go into WHSmith to buy you sweeties Yeah. Yeah. Yeah. And you just tap your phone on the card reader. That's what 99% of the population are using. Yeah. Maybe not in America because they seem a bit backwards with payments, and tap to pay doesn't seem like a thing. Hold on. Just before you go any further, you can't do that with Graphene?
[00:51:48] Unknown:
No. It doesn't work. Why is that? Just it has to disable something.
[00:51:52] Unknown:
Google doesn't allow it. It's not that Graphene doesn't want to. It doesn't open that part of the, I guess, API or the structure Mhmm. To nonofficial versions of Android.
[00:52:03] Unknown:
It's a shame. I I quite like that. Sometimes I'm, like, fucking out of my wallet with me. Always have my phone, and then it saved my skin a few times where I've been like, oh, I actually really need to get some diesel or, like, something like that. And I'm like, oh, yeah. I can do that. I didn't know that. Okay. Yeah. Back to the story, Cali, the dev has got this working between two different phones for Cashew. So it's essentially what it says on the tin. You tap one phone. You can track this transaction,
[00:52:28] Unknown:
tap one phone to another phone, and it uses the NFC to transfer the eCash from one to the other. So, yeah, it's pretty cool. I think Zeus has had this via lightning for quite some time. So I don't know whether they've been able to do it cross platform like Callie's managed to do. So he's got it working from iOS to Android, which is is very cool. But, yeah, clearly, it's a form of payment that people want to use. It's got that Lindy effect. It's what most people in The UK do. Everybody just taps with their phone. Mhmm. I do feel like a bit of a boomer these days when I get my bank card out and tap it. Well, it's just nice and convenient, and there's something about the UX on an iPhone where you do it, and then you feel like a little,
[00:53:05] Unknown:
like a little vibration. You know, oh, that's worked. Mhmm. It just is actually
[00:53:10] Unknown:
quite a nice experience. I think it's slicker than doing a QR scan. There's not much in it. It's just a bit nicer. Agreed. Yeah. %. Next question. I'm gonna post this one to you because I know you've had conversations on the pod before now around similar sorts of stuff to this. Nobody on Nosta asks where to go when the situation in Europe gets worse. How do you prepare for that? Something that's on my mind more and more, unfortunately.
[00:53:36] Unknown:
Yeah. Good question. This is honestly something that I have discussions with people all the time off air. Like, so many friends and people close to me who have just gone fuck this, and they're just getting out. I think it depends on your personal situation. Mhmm. I sort of hinted at it earlier. I'm not long for The UK. I've I've finally made the decision that I've had enough. I woke up and just had enough. I'm not dealing with it anymore. And, obviously, I'm not gonna disclose the location we're going, but I would say that look at what you want out of life. Do you have a family? Do you have young kids, older kids? What situation are you in? What work situation are you in as well? Like, can you just work from a laptop, or is it a specific industry? Because a lot of that is gonna affect how you can make this move. And then once you've got that down, then I would start looking at where is the best tax structures for that meet your needs, basically.
Honestly, a lot of the AI stuff is really useful for this. Like, you can sit and just ask questions and look into where it's gonna be best for you. A lot of people are going to Dubai. To me, I find it completely soulless. It's not somewhere I'd wanna raise a family. I think if you're, like, there and you're young, if you're in your twenties and you've got a bit of money and you're just a top shagger, you probably have a great time. You you'd have a great time out there. But Educate me here. What's the main draw of Dubai? Is it just the tax thing? Zero tax. I was gonna say it can't be the freedom side of things. Well, it's it's a funny one. Like, I've got a few mates who have gone there and also to Saudi who have lived there for, like, a fair few years now, and their lifestyle is very different. Yeah. There's the freedom aspect in terms of it doesn't look good on paper and it isn't good for certain people, but going there as an expat, they're all people who have moved from London, and they've got families. They've got a bit of money.
And they're like, honestly, we can go anywhere we want with the kids. We could leave our phones or literally a pile of cash on the table at a coffee shop and walk away, and you could come back fifteen minutes later and it's still there. No one's fucking stealing anything. No one's gonna mug you. No one's causing any problems for your family or being rude or spitting or trying to mug you or any of that shit, and there's no tax. And the lifestyle in terms of the quality of food is very good. Housekeepers and all that kind of stuff, like, it's kind of part of the package most places that people stay. Like, you have kind of nannies and housekeepers and things, which is really fucking cheap. And also you have twice as much money at least anyway because you're not paying the taxes. So I get it. It just feels a bit, I don't know. It's it's just not for me. I don't know. It feels a bit soulless to me, but I understand why people go there. And the safety aspect is a massive one. I've met with a met of mine the other day, and he'd been mugged again in London. I think I talked to Seth about this, but it was like he was, oh, yeah. I got fucking mugged again. I was like, Jesus. I swear you were only mugged, like, six months ago. He was like, no, mate. I've been mugged, like, four times in the last two years.
He's a military bloke. Pretty tough. I wouldn't probably wanna mug him. But for whatever reason, four times watches taken, phones taken, held at knifepoint, forced him to open his wallets and send funds out of Revolut and spent ages trying to track all that down. Just all that bullshit. Do you really wanna deal with that? So I don't know. It's not a very good answer, but basically, it's find out what's important to you, and then I would ideally get the fuck out. Any thoughts on it, Q? Not that's gonna add any value over what you said. It is very, very personal, isn't it, at the end of the day? Yeah. But, yeah, something that's in the back of my mind as well at the moment, unfortunately. The other thing is, though, like you say Europe, a few of my friends have gone to, like, Spain and Portugal.
The taxes aren't perfect, but done right, you can sort of get round a few things. But it's a lot cheaper as well. The ones who have gone to Portugal, the food's fucking amazing. People are pretty friendly. It's cheap. You compare it to London. You go out, and you have an incredible meal and wine and everything else. And, like, you know, in London, it's, like, a couple of hundred quid, and you you're there, and it's like, oh, that's €50. And you've got the sunshine, and you've got everything else. So the final point on this is, like, if you're a bit of a digital nomad y type, if you have the vast majority of your funds in Bitcoin, you don't hold property or any illiquid assets that tie you to a place and slow you down, and you're renting somewhere, then you can kind of still stay in Europe. Be a bit careful where you're gonna be, but you can still benefit from the amazing food and wines and culture and all of that side of it.
And if things just go one step further where it's like, no. That's my line, you can literally get on a plane and fuck off. What's stopping you? Yeah. It's when you get all the ties of, you know, family and Yeah. Work and houses and things like that. That's when it becomes a lot more prohibitive to just, like, up sticks and leaving. Yeah. Exactly. But for, you know, for the digital nomad types, you know, maybe you don't have to go, oh, I'm packing my suitcase and my laptop, and I'm going to Dubai, and it's a bit soulless for you. But you could still be like, oh, I'm gonna go to Portugal or Spain. I'm gonna work from there. I'm gonna have the lifestyle. It's nice. And then I have my funds in Bitcoin. And if things go a bit shit, you close your laptop, you take a taxi to the airport, and you fuck off. If you don't have kids and you don't have a house and job that ties you to a location, you don't maybe have to go do the full steps, like, somewhere like that. You could probably got a couple of years you can squeeze out of it realistically.
[00:59:22] Unknown:
Mhmm. Next question from Tony on Nosta. Have you considered a self hosting everything for dummies episode? Oh. Why it's important? What's the best way to to start? How you started? Sorry if you've done this already. Listen to and enjoyed a few of your pods, but not all of them. Now I responded to Tony on this on Nosta just saying like, this specific show is more of a recap show where we talk about the latest hot topics rather than doing deep dives on to, you know, things like self hosting. But I did say that I'm sure you've had loads of people on the Confab episodes before now. People like Catan, etcetera, that where you have done deep dives. Yep. So maybe before I continue on with the next part I was gonna mention,
[01:00:05] Unknown:
is anybody else that, Tony could listen to from the the back catalog that would be helpful with this? Yeah. Like you said, I think Catan, we would have gone into it. I did the start nine episode with Matt Hill. We went fairly deep into that and, like, Reuters and all all that kind of stuff as well, but went fairly deep into it there. I'm very bad at remembering this kind of you know, I'm no Stefan Lovera. I'd like I've done stuff. There's loads of stuff, but I can't fucking remember. I barely know what day it is. But there is stuff. There is stuff. There was there's more coming.
[01:00:38] Unknown:
Cool. Alright. And there might be more coming in the future as well, just to dangle like Cara. For sure there is. Stack Jarrow. This is from the boost. What's the best way to start obtaining sats, non KYC? Bisc versus RoboSats. I'll kick this one off. My preference at the moment is RoboSats. The reason I say that is that now we're in a world where we don't have Whirlpool. I try to minimize my on chain footprint and do everything over Lightning because of the default spend privacy that that affords me. So if I can get my Sats over the Lightning Network and just not have any footprint at all on the chain from a start point for those specific Sats, then I'm already a better starting point versus if I was to do it with BISK. Mhmm. I've got additional fees to worry about because it's on chain. I also then if I'm gonna wanna spend those sats, I'm probably gonna wanna do that via Lightning anyway. So then I need to get them into the Lightning Network. That's another transaction Mhmm. Or a swap service, which is more fees. So, yeah, my preference at the moment is Robosats because it's generally, it's cheaper. The liquidity is very good. It has a mobile application, so I can do things on the move if I wanted to.
[01:01:52] Unknown:
Mhmm. Yeah. And it just minimizes my on chain footprint and save me sats in the long run via fees. Yeah. So that'll be my preference. The only thing I can add to that is it will depend slightly on the amounts that you wanna be doing. Absolutely. Yeah. So if it is larger amounts, you're probably gonna have to use BISC or in person trades because Robosats really is for smaller amounts. But, yeah, I completely agree with everything you said there. In terms of what's more private, what has less fees, yeah, definitely Robosats.
[01:02:23] Unknown:
And, Stocksjaro, if you check out my pinned tweet on Twitter, it alludes that in a bit more detail the the flow that I'm talking about in terms of getting some sats from Robosats and then how you could use them to spend, you know, if your goal is not to spend, then you you want to accumulate long term or buying smaller amounts and still get you know, the end goal is that they come on chain. Yeah. It's kind of like a bit of a holistic approach there where you can have a step by step guide to check that out as well. Yeah. Nice. Cool. Right. Before we hit the last one, I just need a piss, mate.
[01:02:56] Unknown:
Okay. I love that we just got the zip.
[01:03:06] Unknown:
I did that on purpose. Okay. And the last question comes from s x six, the backups guy on Twitter. And this is a good one. I like this one. Does degrading multisig of the type used by AnchorWatch require all funds controlled by a private key? I presume you need private collection of private keys because it's multisig. Does it require those funds to be moved at frequent intervals in order to keep the full signing quorum active? If so, does this mean that uTech's term management becomes a pain in the arse? Mhmm. In general, yes. But allow me to elaborate as to why. A bit of background for on Anker watch, they use a MiniScript to help you coordinate a Multisig wallet, but built on top of MiniScript so that you've got some additional redundancy.
So let's imagine that you set up a three of five multisig. No. Let's keep it simple. Let's imagine you set up a two of three multisig, three different hardware wallets. Doesn't matter what they are. Let's just call one a foundation passport, one a bit box, and another one a c Tanner. So you've got those three keys, and you need two of them to spend from the multisig wallet. What you can also do with this setup time, thanks to the joys and wonders of MiniScript, is that you can also build in some extra redundancy so that if in the future you were to lose one of the sign in devices and the corresponding backup or even two of those, you could still construct this in such a way that over the longer term, you would still be able to claw back those funds. So what you would do as part of the setup, you would say, okay. This is a two or three multisake. And for the next eighteen months, that's the only way that I'm allowed to spend. But after eighteen months, I want this to degrade to a two of two multisig because, you know, I want some redundancy against me losing one of those keys. And then after another eighteen months, I want it to degrade to a one of three so that I can still move the funds out of this wallet Mhmm. With the one remaining key that I have. But I'm only able to do that after a predetermined amount of time. So that's great from a redundancy point of view. Right? Because you can almost make this completely idiot proof. What's the likelihood that somebody loses two of their devices from their multisig and the seed word backups for those devices as well? Mhmm. Well, it could be that stupid. And still, if you were using a setup like this, over time, be able to reaccess those funds and move them into a wallet where you do control all three of the new keys. Mhmm. Make sense so far? Yes.
Now when you do that setup and you say, okay, to two or three for the next eighteen months, that's called a time lock essentially. The relative time locks that most of these miniscript vaults are built upon, the maximum time constraint at the moment, and this is enforced by the Bitcoin network, I believe is about a year and a half, eighteen months. When you receive any funds, so let's say you receive a one Bitcoin ETXO into this miniscript wallet, that timer, that relative time lock starts. So that is protected as part of the two or three, you could spend that coin with a minimum of two keys for the next eighteen months. But that specific coin, after those eighteen months, it then degrades. So it's like a two of two and then maybe another eighteen months, it's a one of yeah. Two of two and then maybe down to a one of two or a one of three. But let's say you haven't been an idiot and the eighteen months are up and you still have control of all the keys, which is the likely scenario. To refresh that time lock for that coin, you need to spend it to a new address with a new time lock on it. So this is what the question is referring to is that you need to kind of cycle the coins periodically.
Now this could quickly become quite messy if this is a wallet that you use regularly because let's say over the course of a year, you receive a hundred coins because you do some regular buying. But you don't buy all those coins at exact same day. So you buy one this week, another two next week, another two the week after, and so on and so forth. Each of those have got their own kind of expiry date based on when they land within this MiniScript wallet. So you're gonna have coins that have kind of falling or changing their security model all the time at the end of the eighteen months, which means that you're gonna have to keep on top of the UTXO management such that the coin that you bought just over eighteen months ago isn't actually less secure than the coin you bought last week, which is still got almost eighteen months worth of of this time lock left. Yeah. Yeah. Still with me, Max?
[01:07:43] Unknown:
Yeah. I'm with you. Sounds a bit messy.
[01:07:46] Unknown:
It does sound messy, but you could have a a wonderful UI built in something like Liana wallet that would obviously remind you of this sort of stuff. Yeah. Or if this is a wallet that you spend from infrequently, the wallet can should be smart enough to be like, okay. Well, when he spends, I'm gonna spend from the oldest coin first. And then as part of that spend, when the change comes back, I'll refresh the time lock on that one. So it could be kind of an automatic process. But if it's just a one way wallet where you're just stacking, then there is gonna have to be some manual it's like recycling of the coins, basically, where you send them to a new address with a fresh relative time lock on it. And did you say that eighteen months is the furthest you can go out? For relative time locks, yes, where it's on a UTXO model. Right. There is another thing called absolute time locks, which I believe doesn't have any.
Restrictions. Restriction, thank you, on how far in the future. But when you wanna renew this time lock, the kind of structure of the wallet changes because it's per wallet, not per coin. So let's say you have an absolute time lock on this multisig setup of five years where it's a two of three, and then after that, it goes down to a one of three. Mhmm. When that time lock runs out, you have to create basically a new multisig wallet and move the funds from one to the next Right. To maintain it as a two or three. So your entire like wallet address list will change because it's a new setup with a brand new absolute time lock. But when you weigh that up against, okay, well, if I could in theory set this for ten years, you'd only have to do that once every nine years or something like that to recycle. So there's pros and cons to both, but yeah, hopefully that answers the question. And can it become a pain in the ass? Yes. If all you're doing is stacking with no spending and you've got a lot of coins, then yeah, that's gonna become quite cumbersome and potentially quite expensive.
Mhmm. If the fees go rocket up and you've got hundreds of coins that are all expiring very soon and you have to cycle them or have the fear of them now being in a one or three instead of a two or three, then, yeah, it's definitely something you should consider where before going into a multi sig mini script based multi sig wallet that's kinda has this decaying function.
[01:10:03] Unknown:
Interesting. I've never actually thought of that before. That's a good question. Well done, that s x six.
[01:10:09] Unknown:
Yeah. Great one. Yeah. More of those, please.
[01:10:12] Unknown:
Okay, mate. I think we're through all the questions and everything else. Any other business?
[01:10:18] Unknown:
Nope. I think we're good. I'm gonna go and grab some food. I'm starving. But, great to see the the questions ramping up again. So thank you to those that got involved. It's my favorite part of the show is answering these types of questions. So, thanks for everybody for getting involved.
[01:10:31] Unknown:
Yeah. Thank you, and we'll catch you on the next one. Cheers, guys.