In this episode of The Bitcoin Brief, we dive into the latest developments in the world of Bitcoin and cryptocurrency. We discuss the recent security breaches and attacks on crypto users, highlighting the importance of maintaining privacy and security in the digital currency space. We also explore the advancements in Bitcoin wallets, including the release of Cake Wallet's PayJoin v2, which aims to enhance user privacy and transaction efficiency. Additionally, we touch on the innovative features introduced by Samourai Dojo, such as Soroban and Pando TX, which aim to improve messaging relaying and transaction anonymity.
GO TO SATIRIZE THE SYSTEM: https://lu.ma/mb4ady2u
Wednesday May 28th, 2025 7:00 PM - 11:00 PM PDT
GO TO SATIRIZE THE SYSTEM: https://lu.ma/mb4ady2u
Wednesday May 28th, 2025 7:00 PM - 11:00 PM PDT
450 Fremont St #250, Las Vegas NV USA
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 STICKERS @ https://www.ungovernablemisfits.com/shop/
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) INTRO
(02:44) Landed in Vegas
(07:49) What Are Your Excited For?
(10:51) NEWS
(11:16) Tortured with a Chainsaw
(28:01) Coinbase Cyberattack and Security Implications
(32:02) PayJoin v2 and Privacy Enhancements
(37:47) Dojo Updates
(42:37) Listener Boosts and Community Engagement
[00:00:04]
Unknown:
Bitcoin is close to becoming worthless. Bitcoin. 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 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.
[00:02:44] Unknown:
Hello, mate. This is the bit where I pretend I haven't spoken to you for the last ten minutes and know everything you're gonna tell me, and then ask you, how are you doing, mate? Hey. I'm doing alright. A little bit on the tired side. I'm not gonna lie. Currently sat on the Thirtieth Floor of the hotel in Vegas looking out onto the desert, having had about two hours sleep. Oh. Long day traveling yesterday. I wanted to get here a day early just so I can have a bit of time to adjust to the time zone differences rather than roll in Monday night and go straight into the conference on Tuesday like a complete tired moron. So, today is tired moron day, basically. So, if I'm not sounding my tip top, then, there's my excuse. Got it in early. Welcome to my world, mate. Every day is tired moron day in my world. I forgot to ask. A business on air here, and I appreciate we have just had a ten minute chat. But how's my audio, by the way? I'm literally just speaking into a laptop. Terrible. Yeah. It's AIDS.
[00:03:36] Unknown:
It's like if your audio went somewhere it shouldn't and never wore a Johnny and fucked everything and it got every type of AIDS and syphilis and everything all wrapped up into one, that is the sound of your audio, that sort of level of health.
[00:03:52] Unknown:
Good luck cleaning that up in post.
[00:03:56] Unknown:
It's disgusting. I've just paid for this new AI audio cleanup thing, which is quite good actually, though. Take a lot of the, like, background and shitty stuff like that out. Mhmm. But it's just the lag, which we'll talk over each other a little bit. But it's fine. The show must go on. I think we can blame the hotel Wi Fi for that one, unfortunately. Yeah. See any option I've got right now. What hotel and room number is it? We know that you're looking over the desert from the Thirtieth Floor. Any more info? I'm in the Venetian. I mean, I can tell you. I mean, I'll be at home by the time the listeners hear this. So 34 Room Floor 10. Okay. Someone's gonna be going, like, autograph hunting through the bin, like, to see if you've signed for some food or something like that now. Hold on, mate. Somebody just knocked on the door. Be right back.
Oh, yeah. Here we are.
[00:04:43] Unknown:
But, yeah, it's a very nice hotel. First time I've ever been to Vegas. Won't be a shock to find out that it's fucking hot. Yeah. And, yeah, it's just a bit wild. Like, I'm not a big gambler. I got in last night, like, around 1AM, that that time I was trying to find my room. And there's just degenerates sat in front of flashing lights everywhere Yeah. Hitting buttons. Yeah. Yeah. Yeah. Yeah. Pretty wild. I was just I was just walking around going, the amount of money that must flow through this place is absolutely
[00:05:11] Unknown:
obscene. Oh, yeah. It's disgusting. And people just sat there just drinking their lives away at 03:00 in the morning on the slots.
[00:05:17] Unknown:
Yeah. Even funnier than that. Obviously, with with the jet lag and stuff, I I woke up super early. So I went down to get a coffee and some breakfast at about 6AM, and there was still more than a handful of people going at it then on the various different poker tables and slot machines and stuff. And I'm thinking, what are you doing with your life? Yeah. Amazing. But then people would say that about us as well. They would say you're degenerate
[00:05:39] Unknown:
gamblers, pie in the sky, chasing after this stupid Bitcoin thing. It's degenerate behavior. Maybe these gamblers actually have got something. Maybe we look at them like they're losers, but actually are doing really well. I don't think so. It's very unlikely. Yeah. Indeed.
[00:05:55] Unknown:
I went to Vegas for ten days and didn't lose money. How about that? Okay. I have questions. Why did you go to Vegas for ten days? What did you do for ten whole days? Showing the numbers nonstop.
[00:06:07] Unknown:
No. I I don't really know why. I got invited by some friends. They're like, look. We'll pay for your ticket and put you up in a nice hotel and stuff. Do you wanna come? I was like, alright. I'm not gonna say no to that. And so I went for ten days and stayed in what's the really posh one? It was like the new one at the time. It had, like, a bar in there that was like a chandelier, and it had, like, a nightclub in the the Cosmopolitan, I think it was. I've heard it right. Nice. But, yeah, just fucking random. I don't know what I was doing there. My mind was elsewhere. I was having major problems back at home, and so I was quite drugged up with all sorts of, like, keep you calm medicine. I've said a million times on the pod before, but I was held by, armed guards at the airport for, like, four hours, which wasn't fun. And then I was stopped, getting on the plane in The UK. I was stopped, pulled out of line, getting my bags on. Then I was pulled out of line again before I got through passport security.
Then again before I got on the flight, then I took loads of drugs. And then I got off the other end of the flight, and then I was going through passport security, and I got pulled and then held for, like, four hours by men with guns. So it was quite fun. Missed my limo that everyone had booked. They all went. I stayed. And then, yeah, just had sort of, like, ten days of I don't really know. I honestly like, it's a blur, but I did a lot of gambling, and I didn't lose. That's not bad going. I I bet you not many people can say that about a trip, or at least ten days in Vegas. Yeah. Went to a lovely establishment called Crazy Horse three, I think it was. It's a great place. Definitely check that out. But other than that, I can't remember much. Nice. Yeah. I I don't think I'll be doing much gambling, to be honest with you. Bitcoin exposure is enough for me.
So what you're looking forward to in Vegas? Is there any talks or anything that you're looking forward to? Is is there like a Bitcoin focused freedom talks at all, or is it all sort of wanky,
[00:08:03] Unknown:
pointless shit? I'm gonna be honest. I haven't seen the agenda yet. Okay. There's the open source stage, obviously. So if I do go watch any talks, I'm sure it'll be over on that one. Couldn't give two shits about going and hearing all the politicians hear what they've got to say. I saw, one of, like, the promo images of, like, you know, all of the biggest names and the, quote, unquote, biggest speakers that were attending. And it was like, there was Ross Ulbricht, which obviously, you know, is cool to see him here and speaking and stuff. And then I think every other person on there was some form of politician. And I'm just like Yeah. State of the land is like, Jesus. Is this where we are?
Yeah. That's why I wondered if there's, like, an open source stage or, like, something going on. There is. Oh, there is. Okay. Because I I didn't see that. Like, I I did the same. I had a flick through, and I literally just closed my laptop with disgust. I was just like, fuck that. Good to hear there is still some Bitcoin stuff going on. There certainly is. Yeah. Well, I I certainly won't have time to go and see any of them because, obviously, I'll be, on the booth with the foundation team, which I'm probably the most excited about just to kick it with the team and get to show our wares and do some demos and Mhmm. Finally get Prime in hand and do some demos of of all the new operating system for anybody that wants to stop by the booth and stuff. Gonna have couple of passport cores in stealth colorway as well for people to come and, get their hands on. And, yeah, by the time we're we're home, we should be gearing up to start shipping as well. So Nice. Other than that oh, I'm going to, satiritize the system, by the Bugle Boys on Wednesday night. I'm on a panel with I think we spoke about this last time, so apologies for repeating myself, but with, Rob Hamilton and Zac Shapiro from BPI. Amazing. So, we're gonna be talking about the the kind of dichotomy or the cross section of number go up and of freedom tech and freedom money as well and, you know, how those two seem to be having a significant battle in terms of ideologies in and around the community at the moment. So, that should be a bit of fun. The the Bugle boys are always good for a giggle, so I'm looking forward to spending an evening with those guys up on Fremont Street on Wednesday evening. Excellent.
[00:10:05] Unknown:
And a really weird individual is gonna walk up to you and say, here you go, Q here's a bag. And that will have some free samurai clothing in there for you to give away once you arrive. So you can do that on stage. No one can buy it. They can only win it and you can only get it if you go and see the bugle boys. Oh, okay. Interesting. Have the Bugle Boys got some ideas for, competitions, I I presume? No idea. I assume they've got some sort of idea. If not, then maybe do some sort of quiz or do something. Or just like the most freedom looking person, maybe they can have one. I don't know. Biggest donation to free samurai? Oh, that's a nice idea. Maybe it can be like a free samurai donation auction. Wait. Yep. Looking forward to that. I've got my T shirt ready as well for that evening. Excellent. Very good. Well, we haven't got a massive list today. Should we jump into the sort of, like, three biggish topics to go into? I'm sure there's a few updates, and then we'll get into the boosts.
[00:11:03] Unknown:
Yeah. Absolutely. Number one, not a great week or two weeks to be a public crypto influencer Mhmm. Or to be just generically using KYC services as well. So I'll loop all these three things in together. Couple of stories. First one, crypto investor allegedly tortured captive Italian businessman with a chainsaw for weeks in a luxury New York City pad and a sadistic scheme to gain password. What hold on a minute.
[00:11:31] Unknown:
I'm sorry. That is a headline that I think is flawed. It tortured someone in a hotel room with a chainsaw for weeks. No. You're not gonna survive weeks being tortured with a chainsaw. You are gonna have someone knock on the door if you start up a chainsaw in a luxury hotel.
[00:11:51] Unknown:
There's there's some issues there. A cryptocurrency investor from Kentucky is suspected of torturing an Italian businessman with a chainsaw in a sadistic week long extortion attempt to gain the password for his accounts at a ritzy Manhattan apartment before the captive made a daring escape, police sources said. John Waltz, thirty seven, was arrested after the bloodied and bruised businessman, a 28 year old man, broke out of the Soho House Of Horrors Friday morning Oh my god. Ran to a police officer and said he'd been held prisoner for more than two weeks. Cops rushed to the luxurious Prince Street pad, which Waltz was allegedly renting for roughly 30 to $40,000 a month and discovered multiple Polaroid photos showing the businessman being tied up with electrical wire and tortured, including one of him bound to a chair with a gun pointed at his head according to sources. Since being taken captive, the businessman had been bound with an electric cord, tased while his feet were put in water, pistol whipped, forced to take cocaine, and threatened to have his limbs cut off with an electric chainsaw, the sources said. So there you go. It was an electric chainsaw. That's why the neighbors did that, John.
[00:12:53] Unknown:
Okay. Yeah. Good planning. Forced to take cocaine.
[00:12:58] Unknown:
Go on then. Yeah. Well, to be fair, I guess it would keep you up, stop you passing out, raise your heart rate. And I have seen that. I think it was yeah. Was it was it narcos or something where they were, like, pumping them full of adrenaline while they're torturing them so that they can you know, make sure that they stay away to feel all the pain. So yeah. I mean, I I know we've just been giggling a bit here, but, like, this is pretty That's not true. Serious. Yeah. Yeah. Yeah. And, again, the reason, as always, that we bring all this shit up is to remind everybody out there that the fewer people that know you have Bitcoin or cryptocurrency, the better.
Yeah. Yeah. Just don't make yourself a target. Don't tell companies that you've got Bitcoin through KYC, and certainly don't be a public figure if you can help it because, you are literally painting a a target on your back for somebody to, force you to take cocaine and threaten you with an electric chainsaw.
[00:13:52] Unknown:
It's actually fucking terrifying. Yeah. It's really like we say, we we talk about this stuff all the time, and, like, that's the most extreme version of why you don't do the things that we've said forever not to do. Right. But it does raise a question. Like, if you like Bitcoin for the freedom aspect, that's one thing. If you like Bitcoin for the n g u, that's another thing. But you can like both. And so for people who like both and want to ever actually use their Bitcoin to buy actual things, like, it's all well and good being like, oh, I've got this much, and now it's worth this much. But if you can't spend it, then it's not that useful, especially for things that you might wanna spend it on if you actually do well, like property or, you know, stuff that is in the fiat world. And then it raises the question. It's like, you can't use no KYC Bitcoin to do that. You just can't in most places because they're gonna ask you, well, what's the source of your funds? You're in the fiat world now. You can't just say, oh, I fucking found it or, like, whatever, you know, stupid thing people would say that you can come up with. You can't do that. You have to prove the, like, the provenance of it. And in that case, if you're giving your information over to these companies that inevitably are gonna leak it and then it's gonna end up in the hands of people who might tie your hands and put a fucking chainsaw to you.
Are you better just not fucking buying it and doing some sort of ETF bullshit thing rather than actually having that so you can't actually have access? Are we at that stage of the game now, which people will get annoyed at me even saying it, but, like, genuinely, if you want to have Bitcoin as an investment and it's like the the coin base approved, the banks will accept, you can buy shit with it side. What the fuck are people supposed to do? It's getting dangerous.
[00:15:44] Unknown:
Yeah. Absolutely. But just to kind of push back or add a bit more context to your comment around, like, is it pointless to do no KYC if you then wanna go back through and use it as a house deposit or something like that? You can still get the benefit of both providing that you're good with your accounting and reporting and stuff. So, like, you can still buy no KYC. It's absolutely not illegal. If you do wanna use it for something like a house deposit where you're required to go back through the fiat rails and they're gonna be like, yeah. I wanna see all your receipts where you got it from blah blah blah. You can still provide all that if you wanna take that option. But up until that point, you still benefited from the fact that nobody apart from you and your trade party knows that you've got Bitcoin. And that could have been ten, twenty years, and you still benefited from that privacy and not painted a target on your back. But just gotta be careful with all the accounting stuff.
[00:16:34] Unknown:
Yeah. I suppose that is kind of true, but at the same time, you're then endangering potentially another person who's your trade partner down the line because you don't know if they then get a knock on the door. Like, I'd be really hesitant to ever share any of my bisque trades or anything like that at any point. Like, I do completely separate, you know, what's an OKYC and what's KYC are totally different fucking worlds. Like Yeah. They don't cross. And what I'm saying is for people who actually use Bitcoin for most stuff, just fucking never use an exchange. Like, you obviously don't give you details. You buy cash, whatever, like, all of that good stuff that we talk about all the time. But what I'm saying is for people who are like, oh, you know what? I could invest into this thing. I think that it's a good investment, and I think that I can buy a home or do something like that. They put themselves in danger or potentially someone else, even if they do like BISC or something like that. Because down the line, they're then reporting on somebody else who didn't know that they're gonna be reported on. I don't know. It's just because it's a different world, and it's like the old fiat world. Once you go into that, you still gotta play by all their rules. And Yeah. They make it extremely difficult and will question everything, especially cash trades.
Mhmm. Oh, it was a cash trade, was it? Oh, well, it's it's obviously a sizable cash trade as well because now you're buying a property. Okay. Let's fucking question you to death.
[00:18:05] Unknown:
They're not just gonna be like, yeah. That's fine. No worries. Yeah. You're absolutely right in everything that you say. And I think the pragmatic thing to suggest is that two separate pots for two completely different purposes is the right thing to do. But we could be talking, like, of a time span of, like, a decade here, and, like, it's all well and good you having, let's say, 20% no KYC, 80% KYC, or vice versa because that's how you think you're gonna wanna spend it in the future. But, like, decade is a long time, and your lifestyle, your circumstances will change. And you're never gonna nail it, and you're never gonna get it perfect because nobody has any clue what the future's gonna hold. So, yeah, difficult situation, really, and one that's rapidly evolving outside of our control as well in terms of reporting requirements, availability of, you know, KYC stuff. But I think it's it's just never gonna stop evolving, is it, until if we ever get to a point where Bitcoin is actually widely accepted as a form of money globally.
[00:18:58] Unknown:
I guess the only way to realistically, to combat this is to make Bitcoin less of a tasty target. Like, at the moment, most people are holding Bitcoin on exchanges or, like, single SIG at best. The sort of, like, security practices of most people isn't great. And so for thieves who think, oh, this guy's got whatever you said, like, 30,000,000 in Bitcoin, it's like, okay. Wow. All I've gotta do is make this person hurt enough that they log in and send the funds to me, or they open up their fucking ledger and send the funds to me or whatever. Like, that sounds like a pretty good payday, and most people will fold very quickly.
So I guess then you're never gonna sort the KYC stuff out. That's gonna keep being attacked, like, nonstop. So maybe it's, making it the the average person who uses Bitcoin has such good security, and it's known
[00:19:58] Unknown:
that the amount that you're gonna get out of them or the percentage of times from your attack that you're actually gonna get something is very, very low, and then you're like, it's just not worth it? Yeah. Absolutely. And I think the general practices at the moment, because it is still a bit of an Asian industry, is, you know, lackluster for most people at best. Yeah. You look at the banking industry today, like, you don't generally hear stories of people getting $5 wrench attack for somebody to access their Barclaycard account because the security is too good. It's people getting phished to go into their own bank account and send money for something they think is legitimate when in reality it isn't. I think, eventually, we'll get to a point in the Bitcoin industry where the default security is that most people, especially for, like, the longer term savings, is that it's provably difficult for them to access. So even if you were to run into somebody's house, the likelihood that you're gonna get a large sum of money is slim to none because the general security practices are very good. We're not there yet, and we're not even close to it, but I think we will know that.
[00:21:01] Unknown:
Yeah. I think that is the only way to solve it. And I think it will happen, but it's just it's still just like a a huge barrier. And I think a lot of the time as well, the people who have the fortunes like this guy who's got £30,000,000 is like a lot of them are kind of non tech guys who have invested some money and, you know, they don't really know what they're holding or how to use it, and so they're really easy targets. I think, like, the groups of people that we interact with, it's like people can have a really fucking hard time and they're all poor. I don't even know what I'm saying. I'm just like, it is getting scary out there. It's like every fucking week. Even my missus said to me the other day, she was like, have you seen this thing? Like, this person trying to, take this guy's daughter and put them in the back of a van and, in France. I'm like, yeah. It happens all the time.
[00:21:51] Unknown:
Yeah. Keep your name off the Internet. Keep your face off the Internet and just keeping your mouth shut is a superpower in this industry. Yeah. Yeah. Okay. Next one. Similar sort of story. Crypto tourist nightmare in London. Fake Uber driver allegedly drugs American and steals a hundred and $23,000 worth of Bitcoin and XRP. Jacob Irwin Cline landed in London for a short layover. By the time he left, the 30 year old American tourist says he had lost a hundred and $23,000 in cryptocurrency and any sense of safety in one of the world's most visited cities. The suspect reportedly handed Cline a cigarette laced with scopolamine, a rare but powerful sedative known as devil's breath Oh, yeah. Which allegedly caused memory loss and left him slipping in and out of consciousness.
Lovely. During this blackout client claims, he handed over his phone and access credentials. Hours later, he woke alone and injured after being hit by a car with no phone and no idea where he was. Client says his XRP balance plummeted from 73,000 to less than a thousand, and his Bitcoin holdings dropped from 50,000 to under 10,000. Yeah. Not great. But, again, why the fuck are you walking around with that quick access to over a hundred k's worth of cryptocurrency on your phone? Like, you know, probably not my scenario. But and, also, like, this guy clearly must have been some form of public person because that can't be a random attack.
[00:23:15] Unknown:
No. It can't be a random attack. Yeah. He's probably talking about it online or something like that. And then maybe he's got one of these, you know, like, Revolut or something where you can buy cryptocurrency on there, and then they've just gone on. I had a mate who's been mugged, like, I think, three or four times in London in the last, like, year or so. And one of the times he had some Bitcoin on his Revolut, and that got drained. They just sent it out. So, like, could be something like that. But, yeah, this is exactly it. It's just like the security is insane. Like, you wouldn't walk around with a hundred and £25,000 in your pocket
[00:23:49] Unknown:
Mhmm. In cash. Like, you'd be shitting yourself, but this isn't much different, is it? No. Absolutely not. This is an interesting part of the story here, and I wish I could get more details. But the former software engineer from Portland, Oregon told British outlet MyLondon that a man posing as his Uber driver outside a Soho bar called out his rideshare nickname, and without cross checking the car, model, or license plate, the guy got in. How is this fake Uber driver known that this Jacob Klein, the guy who got mugged, how did how did they know he's ordered an Uber to then be there at the right time to call his name? That's strange to me. Either they
[00:24:28] Unknown:
were actually the Uber driver or maybe his phone's been hacked and they were monitoring his phone or something like that. They could see what was on his screen. I don't know. It's quite sophisticated, though. Yeah. It seemed like too big of some of money for us to just be complete chance. Yeah. Definitely. That's not chance. That's they're not gonna just be, like, carrying around a cigarette with that devil's breath stuff on there Just in case. And just happen to be like, yeah. Just, you know, I'm just gonna fucking drug everyone who comes in and then, like, beat the shit out of them and just, like, hope that they have some cryptocurrency. No. It's definitely targeted.
Scary stuff, though.
[00:25:05] Unknown:
Yeah. Don't use KYC, and don't take Ciggies off Uber drivers.
[00:25:09] Unknown:
Definitely don't take Ciggies off Uber drivers and only buy no KYC cigarettes.
[00:25:14] Unknown:
There you go. Shout out to people, boys. Okay. The DOJ has launched an investigation into the recent Coinbase cyberattack. Last week, Coinbase disclosed an attack in which hackers attempted to extort $20,000,000 using stolen customer data. The cyber attack and subsequent ransom request on Coinbase are being investigated by the US DOJ, including those in the department's criminal division in Washington. Last Thursday, Coinbase disclosed an attack. Company said the incident could cost between a hundred and 80,000,000 and 400,000,000 in expenses relating to remediation costs and voluntary customer reimbursements.
The attackers did not access any customer funds, private keys, or login systems, and the breach affected less than 1% of Coinbase users, the exchange said. But there has already been separate reports of people starting to get phished because their data has been lost in this attack. And, allegedly, I've not seen any proof of it, but Coinbase have been open that there if anybody's been affected by this and they've been phished by scammers who've got their data as a result of this breach that Coinbase are making them whole again Wow. Which is good, but it's only part of the story because, like, if they've got all of your home address, etcetera, yes, you might have your Bitcoin back for now, but you now also have your public address and all your details on Mhmm. Some hacker's website somewhere, and they're gonna get sold to the highest bidder, and somebody might come and pay you a visit. Same old story. I'm kind of getting a bit tired of reading this sort of shit now and toeing the party line of why using companies like this is very dangerous. But like I say, we just gotta keep doing it until people start to listen because this is literally dangerous. It's this type of stuff causes the previous two attacks that we've just been talking about? Like, that's that's the risk you put yourself under. I think I told you this. There was
[00:27:04] Unknown:
a friend of mine who I'd suggested years ago by a ledger. I'm talking probably, like, 2018 or '19 or something like that before I knew better. They had twice on CCTV, both times they were out, where people with masks and knives turned up to the front of their door and were knocking. They got it on CCTV, were knocking on the door and had, like, big fucking knives behind their backs and knocked and knocked and knocked, then tried to break the door in and then finally left, like, got spooked. And, obviously, like, gave the footage to the police. Obviously, the police did absolutely nothing about it. But I was like, I wonder whether that is related.
I mean, I don't know, but it it was, like, not too long after all those leaks had happened and people started to get attacked and stuff. So I was like, could be linked.
[00:27:58] Unknown:
Yeah. Certainly, a a distinct possibility of that. So, yeah, not not exactly a positive start to the show there, but, you know, these things need to be said. And I believe Coinbase have also got six private lawsuits against them because of this already, now as well. So,
[00:28:17] Unknown:
Well, use good hardware.
[00:28:19] Unknown:
Keep your mouth shut. Keep your mouth shut. And buy Mercurial Asset. That's it. Done. Jobs are good. Improve your privacy and your safety in one fell swoop. Okay. Right. So should we look at some quick updates? Sort of a exciting one here. I'm pretty sure you may or may not have already covered this with Seth on the Monero one. So I'll let you dictate how deep we go into this one, but Cake Wallet version 4.28 has been released. Correct me if I'm wrong, but this is the first wallet or first mobile wallet to support PayJoin v two.
[00:28:50] Unknown:
Yeah. I believe it is. We did go into it, but and in, like, a relative amount of detail, but we both said it'd be interesting to hear your thoughts on it because there are obviously a couple of downsides to it. It's not perfect. Like, nothing is. From what we discussed. And from my understanding, it sounds like it's pretty good. It sounds like if more wallets start to use this, it could be adopted by more people and it could be good for what is the word I'm looking for? When exchanges are doing larger transaction with multiple inputs for fee savings what am I trying to say?
[00:29:30] Unknown:
Like, batching?
[00:29:31] Unknown:
Yeah. Batching and things like that. There could be some fee savings there. Kind of interesting. I think bull Bitcoin had something similar as well, although from what Seth said, it's not, like, fully fleshed out. Yeah. What are your thoughts on it, mate?
[00:29:46] Unknown:
Yeah. I mean, from my understanding, it seems like a 99.9 percent positive improvement on PayJoin v one. All of the improvements seem to be positive ones. So we have things like removal of both or at least one of the parties in this page join to run their own HTTP server like a BT pay server or or something similar to that. I'm I'm really glad that we've moved away from calling this serverless page join. Yeah. Because even with pay join v two, there is a server. Both parties don't need to be both end users. Let's say it's you or IMAX. We don't actually need to be the ones to run that server. And that sounds like it introduces some trade offs, which, of course, whenever there's a third party involved, it does.
But the way in which, Page one v two is constructed is that, like, the third party server and it could just be, like, a a random public Electrum server or something like that that speaks the Page one v two language. They're just like an untrusted mailbox in the middle, really. Everything's kind of encrypted, and there's no kind of risk or certainly no risk of loss of funds or anything like that. The only risk here is, I guess, denial of service attack. If I'm doing a page on v two with UMAX and neither of us are running a server, which is one of the beauties of this new protocol Mhmm. The absolute worst that can happen is that we could be selectively targeted by whoever it is that is running the v two dom server. They could somehow decide that they don't wanna allow us to do that. But then the beauty of that is that just like an Electrum server, you can just go and use a different one if you want to. So Yeah. It is a trade off, but it's, like, not a very big one in my opinion versus what the rest of the protocol enables. So as you say, like, not having to run a server is awesome. Also, does all the usual stuff like undermining the common input ownership heuristic Mhmm. By providing inputs from recipient and sender. One of the coolest parts that I don't hear mentioned as much other than the lack of a server from one of the participants is that it can be for more than two people quite easily. So you just, you know, demonstrate one of the the biggest points that is talked about a lot in the exchange withdrawal way.
Not only do you gain a bit of on chain privacy, but also presumably some fee savings as well because of the Yeah. The way in which the transaction is able to be constructed. So from my part, it seems like a zero to one type movement here where this is a very big improvement. And as always, the proof will be or sorry. The real benefit will be in getting more and more mobile wallets to be able to adopt this. Because right now, it's awesome that Cake have done it, but, like, it's basically, at the moment, it's cake to cake users only. Yeah. Yeah. Yeah. And that severely limits them. You know, we we've been in this sort of scenario before where it's you know, with things like, the samurai ecosystem for you know, for a long time, it was only samurai to samurai, which again was great, and it worked really well, but you are limited to that one wallet ecosystem and their users. So I wonder if Sparrow will Yes. So for this to really start to shine, as always, you just need to see wider adoption from mobile wallets, desktop wallets, exchanges. Like, the wider this is adopted, the more powerful it becomes. My guess is Craig will, step up and do this. That's my guess. I agree. I hope he does. Before we got on the call, I was just doing a very quick bit of prep, and I was actually struggling to find any real downsides to to v two other than, like, that very minor one I mentioned with the server at the start. But, obviously, that can be mitigated by running your own server if you, you know I've got one. Decided it. So, yeah, I was I was actually leading up to see because I've I've not listened to yours and Seth conversation on this. So if you could pick any faults with it, what would that be? One that Seth mentioned, he seems to think that this is easy to stop, but that there could be an attack where
[00:33:29] Unknown:
one party could keep requesting more inputs from you, which could then be giving away, like, more of your inputs and potentially be doxing. I don't know how that would work, but he said that that is like a theoretical attack, but he seems to think that you could stop that. And then also it's like the fact that you do need to think about your coin control to some extent, because obviously you're putting multiple inputs in there. So the UX needs to be good enough that people don't trip themselves up. And then we talked about, well, what if the inputs came from, like, peg outs from Lightning or swaps from Monero so that because you now can't break links now that we don't have Whirlpool. You can't do it very easily. We were talking about, like, is there gonna be a way that we can break the links for these inputs so that they go in and that adds another layer of privacy? And so we we went into that a little bit. But, basically, that was it, really. Those two things that he came up with and like you said, you're relying on someone else's server. But as far as I understand from what he said, it's like they can't see or, like, pry into anything. It's encrypted. That is very, very secure. So yeah. I mean, it sounds good. I've seen lots of people complaining on Twitter and sort of, like, saying how shit it is and that there's problems and this and that, but I haven't really seen anything that makes sense to me that there's a problem. It seems like a lot of it seems to be that there's a lot of hate for cake wallet out there and that there's not really a reason past it's who is implementing it. And then we, you know, we saw that a lot of the time with samurais, like people hating on samurais. Like, well, you can hate on them all you like, but are they putting out something that's useful and gonna help people with their privacy? Yes. We'll shut the fuck up then. Yeah. You're always gonna get the tribalism, especially seems pretty fierce within the privacy circles as well. It's just par for the course of the pandemic for me. Yeah. I just commend the guys for for pushing the boundaries. Cake seem to be
[00:35:24] Unknown:
always at the forefront of, you know, a lot of the new developments. They seem to be cranking out these updates very quickly at the moment. Quick funny story, actually. When I saw this update drop, I went into my cake wallet and and turned it on and stuff, and I messaged Seth. I was like, Seth, it's not working. He's like, I I've turned on Pagerone, and I can't do it. And he was like, yeah, bro. You actually need some funds in your wallet for it to work. And I was like, I don't like it. Could. Now I feel like a dick. Yeah. But he in fairness, he did say, look. Yeah. We probably need to communicate that bit better. It wasn't a wasted humiliation of myself.
[00:36:01] Unknown:
Yeah. I haven't tested it yet. Yet. I have to give it a try. You know, the more we can muddy the waters and the more people are doing this, even if it is just for batch transactions and stuff, it all helps. So we'll we'll see how it develops.
[00:36:13] Unknown:
Yeah. Pollute the transaction graph, guys. Let's, let's Exactly. Bring them together. Next update, Spiral Wallet v two point two point one. Couple of updates in here. We have recent blocks view. Added into the send tab and inspired by Mempool's visualization, it displays the last two blocks and the estimated next block to help choose Oh, that's nice. Yeah. Very cool. And it is used all the same colors and stuff to keep it kind of looking like as if Mempool is now a fully fledged part of Fucking cloner. Of Sparrow. So very it looks very good. Very good. And it it is a great addition because I don't know why. I I've always known that Spiro uses Mempool as for its fee estimation that it can do. But even when I'm making a transaction, I'm spending from Spiro, I'll still always go to Menpool and just look at the website. Me too. But now, you know, you might not even need to do that. You can just see your own little bit of Menpool visually,
[00:37:08] Unknown:
within the sent app. Very nice. Yeah. I always do the same. I never fully trust any fee estimation in any other wallet. So I'm always just like, I'm just gonna check. I'm just gonna see myself.
[00:37:18] Unknown:
Yeah. It's always, nice to just get that visual confirmation, isn't it? Other updates, we've got camera system overhaul, features a new library for higher resolution detection, a mouse scroll zoom support when available. Nice. Vector based images. All app images now vectorized and theme aware, which enhances contrast, especially in dark mode. Shout out to dark mode Maxis. Yeah. Yeah. And then updates to tour and p two a pay to anchor outputs with improved support for the latter. Nice. Very nice. Final update on the list, Samurai Dojo version 1.27. Pretty big update this one. Couple of updates from the guys over there. This one reintroduces Soroban, the peer to peer tour based network that will now automatically be installed as part of all new Dojo installs.
This integration is allowed or will allow Dojo to utilize the Soroban peer to peer network for various upcoming features app and applications, which is very exciting.
[00:38:18] Unknown:
What that may mean. Which is like an encrypted messaging passing between That's right. Oh, didn't it I'm sure I read this on the no bullshit Bitcoin thing. Isn't this then that even though nodes are running over tour, you can still see that a node has sent that transaction. Whereas now and because it's like clear text, isn't it now that that message is now being passed over Soroban so it's encrypted so you can't see that either so that you don't know anything?
[00:38:52] Unknown:
So that is the second part of the update called Pando t x. Oh, sorry. That's okay. Perfect. You teed me right up. Okay. Pando t x serves as a transaction transport layer. When your wallet sends a transaction to Dojo, it is relayed to a random Soroban node, basically another Dojo running Soroban, which then forwards it to the Bitcoin network. It also enables your Saravan node to receive and relay transactions from others to the Bitcoin network and is designed to disrupt the assumption that the node relaying a transaction is closely linked to a person initiated it. So this is very cool. It kind of automates the privacy best practice, that can sometimes be a bit of a headbender for a lot of people in that sending your transaction from your node is not always the most private thing to do. The reason for that is that if you were subject to a targeted attack where people were trying to pinpoint your specific transactions by connecting a lot of nodes to your node with a view to trying to work out where your node is and which one it is so that they're trying to see who's broadcasting which transactions.
And then they can then say, if this is where we think the transaction originated, we can kind of start to cluster those transactions together onto a specific node to try and de anonymize this person a little bit over the network. The whole point of Pando TX is to kind of disrupt all of that sort of stuff. So rather than going straight to the Bitcoin network with a transaction or via sending it over the Bitcoin transport layer to another node or by manually go into something like mempool dot space slash push t x where you kind of save your transaction from Spiro and then use the mempool node to broadcast it, which is a a great alternative. Pando TX is gonna automate that and use the separate soroban layer to use somebody else's dojo to broadcast your transaction. That's really clever. I like that. Very clever. Yeah. It's pretty cool. A lot of privacy focused people have been doing this manually themselves by something like that mempool space thing or Blockstream. We've got one as well. And I think you can also set Sparrow to do this in the background for you as well. I believe that's a configuration that you can set. But, yeah, Dojo's now got its own one, and it leverages their, kind of separate tour based Soroban transportation layer, which it sounds like is gonna be used for all the cool stuff as well. Historically, it was also used Soroban, the communication layer, was also used to coordinate two person coin joints like Stonewall X 2 and Stowaway.
So whenever you did that in samurai wallet, and it was all done remotely, the way in which that that was able to be done after the legacy kind of QR dance, which I'm sure a few of the OGs listening to this will have done. The newer version of that was using Soroban to coordinate and basically just pass signed transactions back and forth to build the two person coin joints. So I'm hoping that the extended Saraband usage is gonna leverage and lean more into that sort of stuff.
[00:41:58] Unknown:
Yeah. It would make sense. I like that. That's really good. So but if someone was doing it without that, it would just be they take the sign transaction before broadcasting. So they'd go through all the steps that they otherwise would, like the PSBT and then signing that. And then just once that's been signed before hitting broadcast on Sparrow, they'd then copy and paste that into mempool dot space
[00:42:26] Unknown:
in a top browser or something like that. Mhmm. Okay. That's it. This just automates it all for you and just sends it off to another dojo to be broadcast.
[00:42:34] Unknown:
Okay. Very nice.
[00:42:36] Unknown:
Okay. I think that brings us to the end of the list. Did you have anything you wanted to to bring up, mate, or do we wanna hit on some boosts? I think the boosts. Let's jump into them. We should caveat this by saying that Jordan hasn't given us the boost list. So we are in I know. Mountain. So if you have boosted us outside of fountain and we haven't read your boost, then please send Jordan a shitty email. You just can't get their help these days. Let me have a look and see what I've got.
[00:43:05] Unknown:
Boosts from the last Bitcoin brief episode 57 up wine from Chet with 10021¢. You fags don't drink cold beer unless you order it extra cold. I'm a fuck with q in Vegas next week, Max. Laugh my fucking ass off. Hashtag free samurai. Don't know what he means about the the beer there. You don't drink cold beer unless you order it extra cold?
[00:43:37] Unknown:
Yeah. I'm I'm a bit confused here. Is it like if you go to the pub in The UK? It's always like calling extra cold or Guinness cold. Is that like The UK thing, is it, and it's not you don't see that elsewhere? I don't know. Might be. It might be. And he's gonna fuck with you, apparently. I'm sure he won't. I look forward to it. If you're gonna fuck me, bring me an extra cold beer when you do it.
[00:44:00] Unknown:
He will. He he pretends to be, like, all mean, and he's gonna fuck with people, but, actually, he's probably gonna give you a cuddle, pass you a beer, and have a chat with you. That that's gonna be his his level of fucking with you. Looking forward to it. Oh, actually, I just had a lovely message just pop up on my screen from our dad. Oh, good luck with your show. Have a great show. Give Q my love. How sweet is that? Aw, thanks, dad. Just thinking about us. Really I wish I wish John was here. I know. I wish he was there as well. I wish I was there. I wish we were all going to the bugle event. That's what I wish.
[00:44:40] Unknown:
Indeed. Yeah. Speaking of the bugle event, the next boost is from mister Rod Palmer. Boosted with 10,000 sats. Hashtag forty hours per week. Thank you, sir. Looking forward to seeing you on Wednesday. You can see them as well. You're, logged into Fountain. I have indeed. Yeah. I've just been tapping away in the background. So I've I've got them up so we can alternate.
[00:45:02] Unknown:
Okay. Late stage huddle with 10,000 sats. Stag weekend sounds so gay. Q, you know I'm American, but thanks for the attempt to obscure my identity. Anyway, free samurai.
[00:45:18] Unknown:
You're welcome. I mean, there is no debate here. Bachelor party is so much more gay than stag weekend. It is definitely more gay. Absolutely no question.
[00:45:28] Unknown:
Bachelor party. They do very little well. They do a few things well, the Americans. We I'll give them that. But things like the like naming things, always really cringey. All their little sayings and stuff, disgusting.
[00:45:45] Unknown:
Yeah. Agreed. Digital panhandler with 6,969 sats. Stateside bachelor party boost.
[00:45:57] Unknown:
Go. Chad Farrow with 3,333 sets. Failed payment splits are simply that, failed payments. Fountain will let you try and resend that failed split if you go to the boosts in your wallet. Okay. So it just doesn't go. It just stays. Yeah. Okay. Interesting. Sorry about that, Oscar. Maybe you'll have to downsize now. Do you know what, though? There used to be a glitch. I don't know if it still happens, where if someone would send a large boost and then it wouldn't go through, it would still be counted by fountain as a boost, so you'd still be up in the charts. Do you know what I mean? So it's like no one's actually sent any money, but it actually so I wonder whether that's something people were gaming or not. Yeah. Boost washing.
Boost washing. Yeah. We'll find out. I'm sure. Indeed. Thank you, Chad Farrow.
[00:46:50] Unknown:
Meth loo with 1,000 sats. They just said hi. Believe that might be their first boost. I don't recognize that name before.
[00:46:57] Unknown:
No. I don't either. Meth loo. See, there's someone called Lou who loves meth, or they're doing meth in the loo, or I don't know. Don't know. Don't know. But, anyway, thanks for the hi, and welcome to Ungovernal Misfits. And stay off the meth. It's not good for you. Turkey with 500 sats with a link. I'm not gonna click the link. I don't know what it is. But thanks for the Just, yeah, link to the show, the the previous show. Oh, okay. Alright. Okay.
[00:47:25] Unknown:
Same with b boosted four hundred sats. Thank you. Oh, because they'll have not stood that. That's why. Indeed. That's right. Right. See, this is why we need you, John, because we're having to figure this out as we go along. Sorry, listeners. I know. We need you more than you could ever know, mate.
[00:47:40] Unknown:
Pies.
[00:47:42] Unknown:
Hey.
[00:47:43] Unknown:
With a hundred sats and beers. I think that's it. Right. XML chats. Panjo with 0.00127XMR. BTC brief 57 at twenty eight minutes fifty seconds. Is it because I is black? Okay. I read that earlier, and I was like, what the fuck are you talking about? And it just clicked. We're talking about our good friend from The UK from the West Stains massive.
[00:48:10] Unknown:
Oh, I forgot about this. Yeah. Westside is the best. So what what the prize did I offer? I can't remember what it was. I'll have to go back and check the tapes, but I I believe it was some monetary value. I think it was a massage.
[00:48:28] Unknown:
Well, congratulations. You've won. Well done, Panjo, unless there's someone who's done it before you, but I think that was the first person. So well done. You've won. Whatever it is, you let us know what queue offered. Yeah. We won't verify. We'll just trust, and we'll give it to you. Fiat Demise. This one is for expatriotic. You can now input amounts in XMR by setting the fiat slash XMR toggle switch on the tip page to XMR. Good. Good to know. Thank you, mate. What a service this is. I love it. Web wipe with 0.043.
[00:49:07] Unknown:
Great name. Yeah.
[00:49:10] Unknown:
We're we're hosting a privacy meetup in Charlotte, North Carolina on July from six to 10PM at Great Wagon Road Distilling. Topics include privacy tools for XMR slash BTC, Cake Wallet, Ashigaru presentation, thanks to Ungovril Misfits, and Dojo Bay, NIMVPN,
[00:49:31] Unknown:
Simplex, and more. All are welcome. That sounds amazing. That sounds, yeah, that sound very exciting. I love the, grassroots stuff that gets that filters its way through the boosts. Yeah. Nice work.
[00:49:43] Unknown:
Very nice. Like, that's the real Bitcoin meetup. That's the real, That's the signal. Bitcoin event. Yeah. That's the signal right there. Doctor Zivago. If you are not familiar with simplified privacy, I think you should reach out and introduce yourselves. Maybe consider an episode with them. Shadow Rebel, their podcast guy, PS, Maximus are gay. Oh, do you know what? I'm not supposed to read all of these. These are all for the the Monero monthly unless people actually specifically say like they did with the first one. You see, this is what happens when you're not around, Jordan. Because because I've already read all of these. Shit just falls apart. I'll read a couple more just because.
Jimmy Speddon, Bitcoin normie clowns crying at barn shitting on lightning. Funny. Hashtag free samurai. Jordan turned auto show on. Let's see if it works. I don't know what that is. Did it work? Yeah. What the hell's auto show? Jordan again. Testing again. Whatever he's testing. Testing the stream. Oh, it must've been when we're doing the streaming. Anyway, that's all the, boosts and XMR chats. I don't think we've got anything else other than just a tease again that we're getting very, very close with our, live streaming. It should be back.
[00:51:05] Unknown:
When do you reckon? When when are we realistically gonna go live? Because we're gonna do we're gonna go live next, aren't we, and just do it. I think we just wing it. The the more and more we practice it, it's just gonna yeah. I I just think we just need to pair back the amount of things that we're trying to do and then get it working first and then iterate from there.
[00:51:23] Unknown:
I think so.
[00:51:24] Unknown:
June?
[00:51:26] Unknown:
Okay. Yeah. I think that sounds reasonable. Before the June, we will do a live stream, so that's exciting. What else? Clothing is being printed as we speak today. The free samurai stuff is literally being printed today. So that is also exciting and should be live on the site probably a couple of days after this airs. So we will let you know on that. And what else is there? Ungovernable misfits wise. I think that's it, mate. Anything your end? No. I'm gonna go,
[00:52:01] Unknown:
and meet the team now. Gonna go and do a bit bit of exploring up and down Las Vegas Boulevard before, all hell breaks loose at the conference tomorrow. So I'm just gonna take a few hours and, do a little bit of sightseeing because after that, it'll be work, work, work until I go home. So Yeah. And me go see the sites.
[00:52:18] Unknown:
Okay, mate. Well, you have a good time. I will catch up with you when you're back in The UK. Alright.
[00:52:24] Unknown:
Take it easy, dude.
Bitcoin is close to becoming worthless. Bitcoin. 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 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.
[00:02:44] Unknown:
Hello, mate. This is the bit where I pretend I haven't spoken to you for the last ten minutes and know everything you're gonna tell me, and then ask you, how are you doing, mate? Hey. I'm doing alright. A little bit on the tired side. I'm not gonna lie. Currently sat on the Thirtieth Floor of the hotel in Vegas looking out onto the desert, having had about two hours sleep. Oh. Long day traveling yesterday. I wanted to get here a day early just so I can have a bit of time to adjust to the time zone differences rather than roll in Monday night and go straight into the conference on Tuesday like a complete tired moron. So, today is tired moron day, basically. So, if I'm not sounding my tip top, then, there's my excuse. Got it in early. Welcome to my world, mate. Every day is tired moron day in my world. I forgot to ask. A business on air here, and I appreciate we have just had a ten minute chat. But how's my audio, by the way? I'm literally just speaking into a laptop. Terrible. Yeah. It's AIDS.
[00:03:36] Unknown:
It's like if your audio went somewhere it shouldn't and never wore a Johnny and fucked everything and it got every type of AIDS and syphilis and everything all wrapped up into one, that is the sound of your audio, that sort of level of health.
[00:03:52] Unknown:
Good luck cleaning that up in post.
[00:03:56] Unknown:
It's disgusting. I've just paid for this new AI audio cleanup thing, which is quite good actually, though. Take a lot of the, like, background and shitty stuff like that out. Mhmm. But it's just the lag, which we'll talk over each other a little bit. But it's fine. The show must go on. I think we can blame the hotel Wi Fi for that one, unfortunately. Yeah. See any option I've got right now. What hotel and room number is it? We know that you're looking over the desert from the Thirtieth Floor. Any more info? I'm in the Venetian. I mean, I can tell you. I mean, I'll be at home by the time the listeners hear this. So 34 Room Floor 10. Okay. Someone's gonna be going, like, autograph hunting through the bin, like, to see if you've signed for some food or something like that now. Hold on, mate. Somebody just knocked on the door. Be right back.
Oh, yeah. Here we are.
[00:04:43] Unknown:
But, yeah, it's a very nice hotel. First time I've ever been to Vegas. Won't be a shock to find out that it's fucking hot. Yeah. And, yeah, it's just a bit wild. Like, I'm not a big gambler. I got in last night, like, around 1AM, that that time I was trying to find my room. And there's just degenerates sat in front of flashing lights everywhere Yeah. Hitting buttons. Yeah. Yeah. Yeah. Yeah. Pretty wild. I was just I was just walking around going, the amount of money that must flow through this place is absolutely
[00:05:11] Unknown:
obscene. Oh, yeah. It's disgusting. And people just sat there just drinking their lives away at 03:00 in the morning on the slots.
[00:05:17] Unknown:
Yeah. Even funnier than that. Obviously, with with the jet lag and stuff, I I woke up super early. So I went down to get a coffee and some breakfast at about 6AM, and there was still more than a handful of people going at it then on the various different poker tables and slot machines and stuff. And I'm thinking, what are you doing with your life? Yeah. Amazing. But then people would say that about us as well. They would say you're degenerate
[00:05:39] Unknown:
gamblers, pie in the sky, chasing after this stupid Bitcoin thing. It's degenerate behavior. Maybe these gamblers actually have got something. Maybe we look at them like they're losers, but actually are doing really well. I don't think so. It's very unlikely. Yeah. Indeed.
[00:05:55] Unknown:
I went to Vegas for ten days and didn't lose money. How about that? Okay. I have questions. Why did you go to Vegas for ten days? What did you do for ten whole days? Showing the numbers nonstop.
[00:06:07] Unknown:
No. I I don't really know why. I got invited by some friends. They're like, look. We'll pay for your ticket and put you up in a nice hotel and stuff. Do you wanna come? I was like, alright. I'm not gonna say no to that. And so I went for ten days and stayed in what's the really posh one? It was like the new one at the time. It had, like, a bar in there that was like a chandelier, and it had, like, a nightclub in the the Cosmopolitan, I think it was. I've heard it right. Nice. But, yeah, just fucking random. I don't know what I was doing there. My mind was elsewhere. I was having major problems back at home, and so I was quite drugged up with all sorts of, like, keep you calm medicine. I've said a million times on the pod before, but I was held by, armed guards at the airport for, like, four hours, which wasn't fun. And then I was stopped, getting on the plane in The UK. I was stopped, pulled out of line, getting my bags on. Then I was pulled out of line again before I got through passport security.
Then again before I got on the flight, then I took loads of drugs. And then I got off the other end of the flight, and then I was going through passport security, and I got pulled and then held for, like, four hours by men with guns. So it was quite fun. Missed my limo that everyone had booked. They all went. I stayed. And then, yeah, just had sort of, like, ten days of I don't really know. I honestly like, it's a blur, but I did a lot of gambling, and I didn't lose. That's not bad going. I I bet you not many people can say that about a trip, or at least ten days in Vegas. Yeah. Went to a lovely establishment called Crazy Horse three, I think it was. It's a great place. Definitely check that out. But other than that, I can't remember much. Nice. Yeah. I I don't think I'll be doing much gambling, to be honest with you. Bitcoin exposure is enough for me.
So what you're looking forward to in Vegas? Is there any talks or anything that you're looking forward to? Is is there like a Bitcoin focused freedom talks at all, or is it all sort of wanky,
[00:08:03] Unknown:
pointless shit? I'm gonna be honest. I haven't seen the agenda yet. Okay. There's the open source stage, obviously. So if I do go watch any talks, I'm sure it'll be over on that one. Couldn't give two shits about going and hearing all the politicians hear what they've got to say. I saw, one of, like, the promo images of, like, you know, all of the biggest names and the, quote, unquote, biggest speakers that were attending. And it was like, there was Ross Ulbricht, which obviously, you know, is cool to see him here and speaking and stuff. And then I think every other person on there was some form of politician. And I'm just like Yeah. State of the land is like, Jesus. Is this where we are?
Yeah. That's why I wondered if there's, like, an open source stage or, like, something going on. There is. Oh, there is. Okay. Because I I didn't see that. Like, I I did the same. I had a flick through, and I literally just closed my laptop with disgust. I was just like, fuck that. Good to hear there is still some Bitcoin stuff going on. There certainly is. Yeah. Well, I I certainly won't have time to go and see any of them because, obviously, I'll be, on the booth with the foundation team, which I'm probably the most excited about just to kick it with the team and get to show our wares and do some demos and Mhmm. Finally get Prime in hand and do some demos of of all the new operating system for anybody that wants to stop by the booth and stuff. Gonna have couple of passport cores in stealth colorway as well for people to come and, get their hands on. And, yeah, by the time we're we're home, we should be gearing up to start shipping as well. So Nice. Other than that oh, I'm going to, satiritize the system, by the Bugle Boys on Wednesday night. I'm on a panel with I think we spoke about this last time, so apologies for repeating myself, but with, Rob Hamilton and Zac Shapiro from BPI. Amazing. So, we're gonna be talking about the the kind of dichotomy or the cross section of number go up and of freedom tech and freedom money as well and, you know, how those two seem to be having a significant battle in terms of ideologies in and around the community at the moment. So, that should be a bit of fun. The the Bugle boys are always good for a giggle, so I'm looking forward to spending an evening with those guys up on Fremont Street on Wednesday evening. Excellent.
[00:10:05] Unknown:
And a really weird individual is gonna walk up to you and say, here you go, Q here's a bag. And that will have some free samurai clothing in there for you to give away once you arrive. So you can do that on stage. No one can buy it. They can only win it and you can only get it if you go and see the bugle boys. Oh, okay. Interesting. Have the Bugle Boys got some ideas for, competitions, I I presume? No idea. I assume they've got some sort of idea. If not, then maybe do some sort of quiz or do something. Or just like the most freedom looking person, maybe they can have one. I don't know. Biggest donation to free samurai? Oh, that's a nice idea. Maybe it can be like a free samurai donation auction. Wait. Yep. Looking forward to that. I've got my T shirt ready as well for that evening. Excellent. Very good. Well, we haven't got a massive list today. Should we jump into the sort of, like, three biggish topics to go into? I'm sure there's a few updates, and then we'll get into the boosts.
[00:11:03] Unknown:
Yeah. Absolutely. Number one, not a great week or two weeks to be a public crypto influencer Mhmm. Or to be just generically using KYC services as well. So I'll loop all these three things in together. Couple of stories. First one, crypto investor allegedly tortured captive Italian businessman with a chainsaw for weeks in a luxury New York City pad and a sadistic scheme to gain password. What hold on a minute.
[00:11:31] Unknown:
I'm sorry. That is a headline that I think is flawed. It tortured someone in a hotel room with a chainsaw for weeks. No. You're not gonna survive weeks being tortured with a chainsaw. You are gonna have someone knock on the door if you start up a chainsaw in a luxury hotel.
[00:11:51] Unknown:
There's there's some issues there. A cryptocurrency investor from Kentucky is suspected of torturing an Italian businessman with a chainsaw in a sadistic week long extortion attempt to gain the password for his accounts at a ritzy Manhattan apartment before the captive made a daring escape, police sources said. John Waltz, thirty seven, was arrested after the bloodied and bruised businessman, a 28 year old man, broke out of the Soho House Of Horrors Friday morning Oh my god. Ran to a police officer and said he'd been held prisoner for more than two weeks. Cops rushed to the luxurious Prince Street pad, which Waltz was allegedly renting for roughly 30 to $40,000 a month and discovered multiple Polaroid photos showing the businessman being tied up with electrical wire and tortured, including one of him bound to a chair with a gun pointed at his head according to sources. Since being taken captive, the businessman had been bound with an electric cord, tased while his feet were put in water, pistol whipped, forced to take cocaine, and threatened to have his limbs cut off with an electric chainsaw, the sources said. So there you go. It was an electric chainsaw. That's why the neighbors did that, John.
[00:12:53] Unknown:
Okay. Yeah. Good planning. Forced to take cocaine.
[00:12:58] Unknown:
Go on then. Yeah. Well, to be fair, I guess it would keep you up, stop you passing out, raise your heart rate. And I have seen that. I think it was yeah. Was it was it narcos or something where they were, like, pumping them full of adrenaline while they're torturing them so that they can you know, make sure that they stay away to feel all the pain. So yeah. I mean, I I know we've just been giggling a bit here, but, like, this is pretty That's not true. Serious. Yeah. Yeah. Yeah. And, again, the reason, as always, that we bring all this shit up is to remind everybody out there that the fewer people that know you have Bitcoin or cryptocurrency, the better.
Yeah. Yeah. Just don't make yourself a target. Don't tell companies that you've got Bitcoin through KYC, and certainly don't be a public figure if you can help it because, you are literally painting a a target on your back for somebody to, force you to take cocaine and threaten you with an electric chainsaw.
[00:13:52] Unknown:
It's actually fucking terrifying. Yeah. It's really like we say, we we talk about this stuff all the time, and, like, that's the most extreme version of why you don't do the things that we've said forever not to do. Right. But it does raise a question. Like, if you like Bitcoin for the freedom aspect, that's one thing. If you like Bitcoin for the n g u, that's another thing. But you can like both. And so for people who like both and want to ever actually use their Bitcoin to buy actual things, like, it's all well and good being like, oh, I've got this much, and now it's worth this much. But if you can't spend it, then it's not that useful, especially for things that you might wanna spend it on if you actually do well, like property or, you know, stuff that is in the fiat world. And then it raises the question. It's like, you can't use no KYC Bitcoin to do that. You just can't in most places because they're gonna ask you, well, what's the source of your funds? You're in the fiat world now. You can't just say, oh, I fucking found it or, like, whatever, you know, stupid thing people would say that you can come up with. You can't do that. You have to prove the, like, the provenance of it. And in that case, if you're giving your information over to these companies that inevitably are gonna leak it and then it's gonna end up in the hands of people who might tie your hands and put a fucking chainsaw to you.
Are you better just not fucking buying it and doing some sort of ETF bullshit thing rather than actually having that so you can't actually have access? Are we at that stage of the game now, which people will get annoyed at me even saying it, but, like, genuinely, if you want to have Bitcoin as an investment and it's like the the coin base approved, the banks will accept, you can buy shit with it side. What the fuck are people supposed to do? It's getting dangerous.
[00:15:44] Unknown:
Yeah. Absolutely. But just to kind of push back or add a bit more context to your comment around, like, is it pointless to do no KYC if you then wanna go back through and use it as a house deposit or something like that? You can still get the benefit of both providing that you're good with your accounting and reporting and stuff. So, like, you can still buy no KYC. It's absolutely not illegal. If you do wanna use it for something like a house deposit where you're required to go back through the fiat rails and they're gonna be like, yeah. I wanna see all your receipts where you got it from blah blah blah. You can still provide all that if you wanna take that option. But up until that point, you still benefited from the fact that nobody apart from you and your trade party knows that you've got Bitcoin. And that could have been ten, twenty years, and you still benefited from that privacy and not painted a target on your back. But just gotta be careful with all the accounting stuff.
[00:16:34] Unknown:
Yeah. I suppose that is kind of true, but at the same time, you're then endangering potentially another person who's your trade partner down the line because you don't know if they then get a knock on the door. Like, I'd be really hesitant to ever share any of my bisque trades or anything like that at any point. Like, I do completely separate, you know, what's an OKYC and what's KYC are totally different fucking worlds. Like Yeah. They don't cross. And what I'm saying is for people who actually use Bitcoin for most stuff, just fucking never use an exchange. Like, you obviously don't give you details. You buy cash, whatever, like, all of that good stuff that we talk about all the time. But what I'm saying is for people who are like, oh, you know what? I could invest into this thing. I think that it's a good investment, and I think that I can buy a home or do something like that. They put themselves in danger or potentially someone else, even if they do like BISC or something like that. Because down the line, they're then reporting on somebody else who didn't know that they're gonna be reported on. I don't know. It's just because it's a different world, and it's like the old fiat world. Once you go into that, you still gotta play by all their rules. And Yeah. They make it extremely difficult and will question everything, especially cash trades.
Mhmm. Oh, it was a cash trade, was it? Oh, well, it's it's obviously a sizable cash trade as well because now you're buying a property. Okay. Let's fucking question you to death.
[00:18:05] Unknown:
They're not just gonna be like, yeah. That's fine. No worries. Yeah. You're absolutely right in everything that you say. And I think the pragmatic thing to suggest is that two separate pots for two completely different purposes is the right thing to do. But we could be talking, like, of a time span of, like, a decade here, and, like, it's all well and good you having, let's say, 20% no KYC, 80% KYC, or vice versa because that's how you think you're gonna wanna spend it in the future. But, like, decade is a long time, and your lifestyle, your circumstances will change. And you're never gonna nail it, and you're never gonna get it perfect because nobody has any clue what the future's gonna hold. So, yeah, difficult situation, really, and one that's rapidly evolving outside of our control as well in terms of reporting requirements, availability of, you know, KYC stuff. But I think it's it's just never gonna stop evolving, is it, until if we ever get to a point where Bitcoin is actually widely accepted as a form of money globally.
[00:18:58] Unknown:
I guess the only way to realistically, to combat this is to make Bitcoin less of a tasty target. Like, at the moment, most people are holding Bitcoin on exchanges or, like, single SIG at best. The sort of, like, security practices of most people isn't great. And so for thieves who think, oh, this guy's got whatever you said, like, 30,000,000 in Bitcoin, it's like, okay. Wow. All I've gotta do is make this person hurt enough that they log in and send the funds to me, or they open up their fucking ledger and send the funds to me or whatever. Like, that sounds like a pretty good payday, and most people will fold very quickly.
So I guess then you're never gonna sort the KYC stuff out. That's gonna keep being attacked, like, nonstop. So maybe it's, making it the the average person who uses Bitcoin has such good security, and it's known
[00:19:58] Unknown:
that the amount that you're gonna get out of them or the percentage of times from your attack that you're actually gonna get something is very, very low, and then you're like, it's just not worth it? Yeah. Absolutely. And I think the general practices at the moment, because it is still a bit of an Asian industry, is, you know, lackluster for most people at best. Yeah. You look at the banking industry today, like, you don't generally hear stories of people getting $5 wrench attack for somebody to access their Barclaycard account because the security is too good. It's people getting phished to go into their own bank account and send money for something they think is legitimate when in reality it isn't. I think, eventually, we'll get to a point in the Bitcoin industry where the default security is that most people, especially for, like, the longer term savings, is that it's provably difficult for them to access. So even if you were to run into somebody's house, the likelihood that you're gonna get a large sum of money is slim to none because the general security practices are very good. We're not there yet, and we're not even close to it, but I think we will know that.
[00:21:01] Unknown:
Yeah. I think that is the only way to solve it. And I think it will happen, but it's just it's still just like a a huge barrier. And I think a lot of the time as well, the people who have the fortunes like this guy who's got £30,000,000 is like a lot of them are kind of non tech guys who have invested some money and, you know, they don't really know what they're holding or how to use it, and so they're really easy targets. I think, like, the groups of people that we interact with, it's like people can have a really fucking hard time and they're all poor. I don't even know what I'm saying. I'm just like, it is getting scary out there. It's like every fucking week. Even my missus said to me the other day, she was like, have you seen this thing? Like, this person trying to, take this guy's daughter and put them in the back of a van and, in France. I'm like, yeah. It happens all the time.
[00:21:51] Unknown:
Yeah. Keep your name off the Internet. Keep your face off the Internet and just keeping your mouth shut is a superpower in this industry. Yeah. Yeah. Okay. Next one. Similar sort of story. Crypto tourist nightmare in London. Fake Uber driver allegedly drugs American and steals a hundred and $23,000 worth of Bitcoin and XRP. Jacob Irwin Cline landed in London for a short layover. By the time he left, the 30 year old American tourist says he had lost a hundred and $23,000 in cryptocurrency and any sense of safety in one of the world's most visited cities. The suspect reportedly handed Cline a cigarette laced with scopolamine, a rare but powerful sedative known as devil's breath Oh, yeah. Which allegedly caused memory loss and left him slipping in and out of consciousness.
Lovely. During this blackout client claims, he handed over his phone and access credentials. Hours later, he woke alone and injured after being hit by a car with no phone and no idea where he was. Client says his XRP balance plummeted from 73,000 to less than a thousand, and his Bitcoin holdings dropped from 50,000 to under 10,000. Yeah. Not great. But, again, why the fuck are you walking around with that quick access to over a hundred k's worth of cryptocurrency on your phone? Like, you know, probably not my scenario. But and, also, like, this guy clearly must have been some form of public person because that can't be a random attack.
[00:23:15] Unknown:
No. It can't be a random attack. Yeah. He's probably talking about it online or something like that. And then maybe he's got one of these, you know, like, Revolut or something where you can buy cryptocurrency on there, and then they've just gone on. I had a mate who's been mugged, like, I think, three or four times in London in the last, like, year or so. And one of the times he had some Bitcoin on his Revolut, and that got drained. They just sent it out. So, like, could be something like that. But, yeah, this is exactly it. It's just like the security is insane. Like, you wouldn't walk around with a hundred and £25,000 in your pocket
[00:23:49] Unknown:
Mhmm. In cash. Like, you'd be shitting yourself, but this isn't much different, is it? No. Absolutely not. This is an interesting part of the story here, and I wish I could get more details. But the former software engineer from Portland, Oregon told British outlet MyLondon that a man posing as his Uber driver outside a Soho bar called out his rideshare nickname, and without cross checking the car, model, or license plate, the guy got in. How is this fake Uber driver known that this Jacob Klein, the guy who got mugged, how did how did they know he's ordered an Uber to then be there at the right time to call his name? That's strange to me. Either they
[00:24:28] Unknown:
were actually the Uber driver or maybe his phone's been hacked and they were monitoring his phone or something like that. They could see what was on his screen. I don't know. It's quite sophisticated, though. Yeah. It seemed like too big of some of money for us to just be complete chance. Yeah. Definitely. That's not chance. That's they're not gonna just be, like, carrying around a cigarette with that devil's breath stuff on there Just in case. And just happen to be like, yeah. Just, you know, I'm just gonna fucking drug everyone who comes in and then, like, beat the shit out of them and just, like, hope that they have some cryptocurrency. No. It's definitely targeted.
Scary stuff, though.
[00:25:05] Unknown:
Yeah. Don't use KYC, and don't take Ciggies off Uber drivers.
[00:25:09] Unknown:
Definitely don't take Ciggies off Uber drivers and only buy no KYC cigarettes.
[00:25:14] Unknown:
There you go. Shout out to people, boys. Okay. The DOJ has launched an investigation into the recent Coinbase cyberattack. Last week, Coinbase disclosed an attack in which hackers attempted to extort $20,000,000 using stolen customer data. The cyber attack and subsequent ransom request on Coinbase are being investigated by the US DOJ, including those in the department's criminal division in Washington. Last Thursday, Coinbase disclosed an attack. Company said the incident could cost between a hundred and 80,000,000 and 400,000,000 in expenses relating to remediation costs and voluntary customer reimbursements.
The attackers did not access any customer funds, private keys, or login systems, and the breach affected less than 1% of Coinbase users, the exchange said. But there has already been separate reports of people starting to get phished because their data has been lost in this attack. And, allegedly, I've not seen any proof of it, but Coinbase have been open that there if anybody's been affected by this and they've been phished by scammers who've got their data as a result of this breach that Coinbase are making them whole again Wow. Which is good, but it's only part of the story because, like, if they've got all of your home address, etcetera, yes, you might have your Bitcoin back for now, but you now also have your public address and all your details on Mhmm. Some hacker's website somewhere, and they're gonna get sold to the highest bidder, and somebody might come and pay you a visit. Same old story. I'm kind of getting a bit tired of reading this sort of shit now and toeing the party line of why using companies like this is very dangerous. But like I say, we just gotta keep doing it until people start to listen because this is literally dangerous. It's this type of stuff causes the previous two attacks that we've just been talking about? Like, that's that's the risk you put yourself under. I think I told you this. There was
[00:27:04] Unknown:
a friend of mine who I'd suggested years ago by a ledger. I'm talking probably, like, 2018 or '19 or something like that before I knew better. They had twice on CCTV, both times they were out, where people with masks and knives turned up to the front of their door and were knocking. They got it on CCTV, were knocking on the door and had, like, big fucking knives behind their backs and knocked and knocked and knocked, then tried to break the door in and then finally left, like, got spooked. And, obviously, like, gave the footage to the police. Obviously, the police did absolutely nothing about it. But I was like, I wonder whether that is related.
I mean, I don't know, but it it was, like, not too long after all those leaks had happened and people started to get attacked and stuff. So I was like, could be linked.
[00:27:58] Unknown:
Yeah. Certainly, a a distinct possibility of that. So, yeah, not not exactly a positive start to the show there, but, you know, these things need to be said. And I believe Coinbase have also got six private lawsuits against them because of this already, now as well. So,
[00:28:17] Unknown:
Well, use good hardware.
[00:28:19] Unknown:
Keep your mouth shut. Keep your mouth shut. And buy Mercurial Asset. That's it. Done. Jobs are good. Improve your privacy and your safety in one fell swoop. Okay. Right. So should we look at some quick updates? Sort of a exciting one here. I'm pretty sure you may or may not have already covered this with Seth on the Monero one. So I'll let you dictate how deep we go into this one, but Cake Wallet version 4.28 has been released. Correct me if I'm wrong, but this is the first wallet or first mobile wallet to support PayJoin v two.
[00:28:50] Unknown:
Yeah. I believe it is. We did go into it, but and in, like, a relative amount of detail, but we both said it'd be interesting to hear your thoughts on it because there are obviously a couple of downsides to it. It's not perfect. Like, nothing is. From what we discussed. And from my understanding, it sounds like it's pretty good. It sounds like if more wallets start to use this, it could be adopted by more people and it could be good for what is the word I'm looking for? When exchanges are doing larger transaction with multiple inputs for fee savings what am I trying to say?
[00:29:30] Unknown:
Like, batching?
[00:29:31] Unknown:
Yeah. Batching and things like that. There could be some fee savings there. Kind of interesting. I think bull Bitcoin had something similar as well, although from what Seth said, it's not, like, fully fleshed out. Yeah. What are your thoughts on it, mate?
[00:29:46] Unknown:
Yeah. I mean, from my understanding, it seems like a 99.9 percent positive improvement on PayJoin v one. All of the improvements seem to be positive ones. So we have things like removal of both or at least one of the parties in this page join to run their own HTTP server like a BT pay server or or something similar to that. I'm I'm really glad that we've moved away from calling this serverless page join. Yeah. Because even with pay join v two, there is a server. Both parties don't need to be both end users. Let's say it's you or IMAX. We don't actually need to be the ones to run that server. And that sounds like it introduces some trade offs, which, of course, whenever there's a third party involved, it does.
But the way in which, Page one v two is constructed is that, like, the third party server and it could just be, like, a a random public Electrum server or something like that that speaks the Page one v two language. They're just like an untrusted mailbox in the middle, really. Everything's kind of encrypted, and there's no kind of risk or certainly no risk of loss of funds or anything like that. The only risk here is, I guess, denial of service attack. If I'm doing a page on v two with UMAX and neither of us are running a server, which is one of the beauties of this new protocol Mhmm. The absolute worst that can happen is that we could be selectively targeted by whoever it is that is running the v two dom server. They could somehow decide that they don't wanna allow us to do that. But then the beauty of that is that just like an Electrum server, you can just go and use a different one if you want to. So Yeah. It is a trade off, but it's, like, not a very big one in my opinion versus what the rest of the protocol enables. So as you say, like, not having to run a server is awesome. Also, does all the usual stuff like undermining the common input ownership heuristic Mhmm. By providing inputs from recipient and sender. One of the coolest parts that I don't hear mentioned as much other than the lack of a server from one of the participants is that it can be for more than two people quite easily. So you just, you know, demonstrate one of the the biggest points that is talked about a lot in the exchange withdrawal way.
Not only do you gain a bit of on chain privacy, but also presumably some fee savings as well because of the Yeah. The way in which the transaction is able to be constructed. So from my part, it seems like a zero to one type movement here where this is a very big improvement. And as always, the proof will be or sorry. The real benefit will be in getting more and more mobile wallets to be able to adopt this. Because right now, it's awesome that Cake have done it, but, like, it's basically, at the moment, it's cake to cake users only. Yeah. Yeah. Yeah. And that severely limits them. You know, we we've been in this sort of scenario before where it's you know, with things like, the samurai ecosystem for you know, for a long time, it was only samurai to samurai, which again was great, and it worked really well, but you are limited to that one wallet ecosystem and their users. So I wonder if Sparrow will Yes. So for this to really start to shine, as always, you just need to see wider adoption from mobile wallets, desktop wallets, exchanges. Like, the wider this is adopted, the more powerful it becomes. My guess is Craig will, step up and do this. That's my guess. I agree. I hope he does. Before we got on the call, I was just doing a very quick bit of prep, and I was actually struggling to find any real downsides to to v two other than, like, that very minor one I mentioned with the server at the start. But, obviously, that can be mitigated by running your own server if you, you know I've got one. Decided it. So, yeah, I was I was actually leading up to see because I've I've not listened to yours and Seth conversation on this. So if you could pick any faults with it, what would that be? One that Seth mentioned, he seems to think that this is easy to stop, but that there could be an attack where
[00:33:29] Unknown:
one party could keep requesting more inputs from you, which could then be giving away, like, more of your inputs and potentially be doxing. I don't know how that would work, but he said that that is like a theoretical attack, but he seems to think that you could stop that. And then also it's like the fact that you do need to think about your coin control to some extent, because obviously you're putting multiple inputs in there. So the UX needs to be good enough that people don't trip themselves up. And then we talked about, well, what if the inputs came from, like, peg outs from Lightning or swaps from Monero so that because you now can't break links now that we don't have Whirlpool. You can't do it very easily. We were talking about, like, is there gonna be a way that we can break the links for these inputs so that they go in and that adds another layer of privacy? And so we we went into that a little bit. But, basically, that was it, really. Those two things that he came up with and like you said, you're relying on someone else's server. But as far as I understand from what he said, it's like they can't see or, like, pry into anything. It's encrypted. That is very, very secure. So yeah. I mean, it sounds good. I've seen lots of people complaining on Twitter and sort of, like, saying how shit it is and that there's problems and this and that, but I haven't really seen anything that makes sense to me that there's a problem. It seems like a lot of it seems to be that there's a lot of hate for cake wallet out there and that there's not really a reason past it's who is implementing it. And then we, you know, we saw that a lot of the time with samurais, like people hating on samurais. Like, well, you can hate on them all you like, but are they putting out something that's useful and gonna help people with their privacy? Yes. We'll shut the fuck up then. Yeah. You're always gonna get the tribalism, especially seems pretty fierce within the privacy circles as well. It's just par for the course of the pandemic for me. Yeah. I just commend the guys for for pushing the boundaries. Cake seem to be
[00:35:24] Unknown:
always at the forefront of, you know, a lot of the new developments. They seem to be cranking out these updates very quickly at the moment. Quick funny story, actually. When I saw this update drop, I went into my cake wallet and and turned it on and stuff, and I messaged Seth. I was like, Seth, it's not working. He's like, I I've turned on Pagerone, and I can't do it. And he was like, yeah, bro. You actually need some funds in your wallet for it to work. And I was like, I don't like it. Could. Now I feel like a dick. Yeah. But he in fairness, he did say, look. Yeah. We probably need to communicate that bit better. It wasn't a wasted humiliation of myself.
[00:36:01] Unknown:
Yeah. I haven't tested it yet. Yet. I have to give it a try. You know, the more we can muddy the waters and the more people are doing this, even if it is just for batch transactions and stuff, it all helps. So we'll we'll see how it develops.
[00:36:13] Unknown:
Yeah. Pollute the transaction graph, guys. Let's, let's Exactly. Bring them together. Next update, Spiral Wallet v two point two point one. Couple of updates in here. We have recent blocks view. Added into the send tab and inspired by Mempool's visualization, it displays the last two blocks and the estimated next block to help choose Oh, that's nice. Yeah. Very cool. And it is used all the same colors and stuff to keep it kind of looking like as if Mempool is now a fully fledged part of Fucking cloner. Of Sparrow. So very it looks very good. Very good. And it it is a great addition because I don't know why. I I've always known that Spiro uses Mempool as for its fee estimation that it can do. But even when I'm making a transaction, I'm spending from Spiro, I'll still always go to Menpool and just look at the website. Me too. But now, you know, you might not even need to do that. You can just see your own little bit of Menpool visually,
[00:37:08] Unknown:
within the sent app. Very nice. Yeah. I always do the same. I never fully trust any fee estimation in any other wallet. So I'm always just like, I'm just gonna check. I'm just gonna see myself.
[00:37:18] Unknown:
Yeah. It's always, nice to just get that visual confirmation, isn't it? Other updates, we've got camera system overhaul, features a new library for higher resolution detection, a mouse scroll zoom support when available. Nice. Vector based images. All app images now vectorized and theme aware, which enhances contrast, especially in dark mode. Shout out to dark mode Maxis. Yeah. Yeah. And then updates to tour and p two a pay to anchor outputs with improved support for the latter. Nice. Very nice. Final update on the list, Samurai Dojo version 1.27. Pretty big update this one. Couple of updates from the guys over there. This one reintroduces Soroban, the peer to peer tour based network that will now automatically be installed as part of all new Dojo installs.
This integration is allowed or will allow Dojo to utilize the Soroban peer to peer network for various upcoming features app and applications, which is very exciting.
[00:38:18] Unknown:
What that may mean. Which is like an encrypted messaging passing between That's right. Oh, didn't it I'm sure I read this on the no bullshit Bitcoin thing. Isn't this then that even though nodes are running over tour, you can still see that a node has sent that transaction. Whereas now and because it's like clear text, isn't it now that that message is now being passed over Soroban so it's encrypted so you can't see that either so that you don't know anything?
[00:38:52] Unknown:
So that is the second part of the update called Pando t x. Oh, sorry. That's okay. Perfect. You teed me right up. Okay. Pando t x serves as a transaction transport layer. When your wallet sends a transaction to Dojo, it is relayed to a random Soroban node, basically another Dojo running Soroban, which then forwards it to the Bitcoin network. It also enables your Saravan node to receive and relay transactions from others to the Bitcoin network and is designed to disrupt the assumption that the node relaying a transaction is closely linked to a person initiated it. So this is very cool. It kind of automates the privacy best practice, that can sometimes be a bit of a headbender for a lot of people in that sending your transaction from your node is not always the most private thing to do. The reason for that is that if you were subject to a targeted attack where people were trying to pinpoint your specific transactions by connecting a lot of nodes to your node with a view to trying to work out where your node is and which one it is so that they're trying to see who's broadcasting which transactions.
And then they can then say, if this is where we think the transaction originated, we can kind of start to cluster those transactions together onto a specific node to try and de anonymize this person a little bit over the network. The whole point of Pando TX is to kind of disrupt all of that sort of stuff. So rather than going straight to the Bitcoin network with a transaction or via sending it over the Bitcoin transport layer to another node or by manually go into something like mempool dot space slash push t x where you kind of save your transaction from Spiro and then use the mempool node to broadcast it, which is a a great alternative. Pando TX is gonna automate that and use the separate soroban layer to use somebody else's dojo to broadcast your transaction. That's really clever. I like that. Very clever. Yeah. It's pretty cool. A lot of privacy focused people have been doing this manually themselves by something like that mempool space thing or Blockstream. We've got one as well. And I think you can also set Sparrow to do this in the background for you as well. I believe that's a configuration that you can set. But, yeah, Dojo's now got its own one, and it leverages their, kind of separate tour based Soroban transportation layer, which it sounds like is gonna be used for all the cool stuff as well. Historically, it was also used Soroban, the communication layer, was also used to coordinate two person coin joints like Stonewall X 2 and Stowaway.
So whenever you did that in samurai wallet, and it was all done remotely, the way in which that that was able to be done after the legacy kind of QR dance, which I'm sure a few of the OGs listening to this will have done. The newer version of that was using Soroban to coordinate and basically just pass signed transactions back and forth to build the two person coin joints. So I'm hoping that the extended Saraband usage is gonna leverage and lean more into that sort of stuff.
[00:41:58] Unknown:
Yeah. It would make sense. I like that. That's really good. So but if someone was doing it without that, it would just be they take the sign transaction before broadcasting. So they'd go through all the steps that they otherwise would, like the PSBT and then signing that. And then just once that's been signed before hitting broadcast on Sparrow, they'd then copy and paste that into mempool dot space
[00:42:26] Unknown:
in a top browser or something like that. Mhmm. Okay. That's it. This just automates it all for you and just sends it off to another dojo to be broadcast.
[00:42:34] Unknown:
Okay. Very nice.
[00:42:36] Unknown:
Okay. I think that brings us to the end of the list. Did you have anything you wanted to to bring up, mate, or do we wanna hit on some boosts? I think the boosts. Let's jump into them. We should caveat this by saying that Jordan hasn't given us the boost list. So we are in I know. Mountain. So if you have boosted us outside of fountain and we haven't read your boost, then please send Jordan a shitty email. You just can't get their help these days. Let me have a look and see what I've got.
[00:43:05] Unknown:
Boosts from the last Bitcoin brief episode 57 up wine from Chet with 10021¢. You fags don't drink cold beer unless you order it extra cold. I'm a fuck with q in Vegas next week, Max. Laugh my fucking ass off. Hashtag free samurai. Don't know what he means about the the beer there. You don't drink cold beer unless you order it extra cold?
[00:43:37] Unknown:
Yeah. I'm I'm a bit confused here. Is it like if you go to the pub in The UK? It's always like calling extra cold or Guinness cold. Is that like The UK thing, is it, and it's not you don't see that elsewhere? I don't know. Might be. It might be. And he's gonna fuck with you, apparently. I'm sure he won't. I look forward to it. If you're gonna fuck me, bring me an extra cold beer when you do it.
[00:44:00] Unknown:
He will. He he pretends to be, like, all mean, and he's gonna fuck with people, but, actually, he's probably gonna give you a cuddle, pass you a beer, and have a chat with you. That that's gonna be his his level of fucking with you. Looking forward to it. Oh, actually, I just had a lovely message just pop up on my screen from our dad. Oh, good luck with your show. Have a great show. Give Q my love. How sweet is that? Aw, thanks, dad. Just thinking about us. Really I wish I wish John was here. I know. I wish he was there as well. I wish I was there. I wish we were all going to the bugle event. That's what I wish.
[00:44:40] Unknown:
Indeed. Yeah. Speaking of the bugle event, the next boost is from mister Rod Palmer. Boosted with 10,000 sats. Hashtag forty hours per week. Thank you, sir. Looking forward to seeing you on Wednesday. You can see them as well. You're, logged into Fountain. I have indeed. Yeah. I've just been tapping away in the background. So I've I've got them up so we can alternate.
[00:45:02] Unknown:
Okay. Late stage huddle with 10,000 sats. Stag weekend sounds so gay. Q, you know I'm American, but thanks for the attempt to obscure my identity. Anyway, free samurai.
[00:45:18] Unknown:
You're welcome. I mean, there is no debate here. Bachelor party is so much more gay than stag weekend. It is definitely more gay. Absolutely no question.
[00:45:28] Unknown:
Bachelor party. They do very little well. They do a few things well, the Americans. We I'll give them that. But things like the like naming things, always really cringey. All their little sayings and stuff, disgusting.
[00:45:45] Unknown:
Yeah. Agreed. Digital panhandler with 6,969 sats. Stateside bachelor party boost.
[00:45:57] Unknown:
Go. Chad Farrow with 3,333 sets. Failed payment splits are simply that, failed payments. Fountain will let you try and resend that failed split if you go to the boosts in your wallet. Okay. So it just doesn't go. It just stays. Yeah. Okay. Interesting. Sorry about that, Oscar. Maybe you'll have to downsize now. Do you know what, though? There used to be a glitch. I don't know if it still happens, where if someone would send a large boost and then it wouldn't go through, it would still be counted by fountain as a boost, so you'd still be up in the charts. Do you know what I mean? So it's like no one's actually sent any money, but it actually so I wonder whether that's something people were gaming or not. Yeah. Boost washing.
Boost washing. Yeah. We'll find out. I'm sure. Indeed. Thank you, Chad Farrow.
[00:46:50] Unknown:
Meth loo with 1,000 sats. They just said hi. Believe that might be their first boost. I don't recognize that name before.
[00:46:57] Unknown:
No. I don't either. Meth loo. See, there's someone called Lou who loves meth, or they're doing meth in the loo, or I don't know. Don't know. Don't know. But, anyway, thanks for the hi, and welcome to Ungovernal Misfits. And stay off the meth. It's not good for you. Turkey with 500 sats with a link. I'm not gonna click the link. I don't know what it is. But thanks for the Just, yeah, link to the show, the the previous show. Oh, okay. Alright. Okay.
[00:47:25] Unknown:
Same with b boosted four hundred sats. Thank you. Oh, because they'll have not stood that. That's why. Indeed. That's right. Right. See, this is why we need you, John, because we're having to figure this out as we go along. Sorry, listeners. I know. We need you more than you could ever know, mate.
[00:47:40] Unknown:
Pies.
[00:47:42] Unknown:
Hey.
[00:47:43] Unknown:
With a hundred sats and beers. I think that's it. Right. XML chats. Panjo with 0.00127XMR. BTC brief 57 at twenty eight minutes fifty seconds. Is it because I is black? Okay. I read that earlier, and I was like, what the fuck are you talking about? And it just clicked. We're talking about our good friend from The UK from the West Stains massive.
[00:48:10] Unknown:
Oh, I forgot about this. Yeah. Westside is the best. So what what the prize did I offer? I can't remember what it was. I'll have to go back and check the tapes, but I I believe it was some monetary value. I think it was a massage.
[00:48:28] Unknown:
Well, congratulations. You've won. Well done, Panjo, unless there's someone who's done it before you, but I think that was the first person. So well done. You've won. Whatever it is, you let us know what queue offered. Yeah. We won't verify. We'll just trust, and we'll give it to you. Fiat Demise. This one is for expatriotic. You can now input amounts in XMR by setting the fiat slash XMR toggle switch on the tip page to XMR. Good. Good to know. Thank you, mate. What a service this is. I love it. Web wipe with 0.043.
[00:49:07] Unknown:
Great name. Yeah.
[00:49:10] Unknown:
We're we're hosting a privacy meetup in Charlotte, North Carolina on July from six to 10PM at Great Wagon Road Distilling. Topics include privacy tools for XMR slash BTC, Cake Wallet, Ashigaru presentation, thanks to Ungovril Misfits, and Dojo Bay, NIMVPN,
[00:49:31] Unknown:
Simplex, and more. All are welcome. That sounds amazing. That sounds, yeah, that sound very exciting. I love the, grassroots stuff that gets that filters its way through the boosts. Yeah. Nice work.
[00:49:43] Unknown:
Very nice. Like, that's the real Bitcoin meetup. That's the real, That's the signal. Bitcoin event. Yeah. That's the signal right there. Doctor Zivago. If you are not familiar with simplified privacy, I think you should reach out and introduce yourselves. Maybe consider an episode with them. Shadow Rebel, their podcast guy, PS, Maximus are gay. Oh, do you know what? I'm not supposed to read all of these. These are all for the the Monero monthly unless people actually specifically say like they did with the first one. You see, this is what happens when you're not around, Jordan. Because because I've already read all of these. Shit just falls apart. I'll read a couple more just because.
Jimmy Speddon, Bitcoin normie clowns crying at barn shitting on lightning. Funny. Hashtag free samurai. Jordan turned auto show on. Let's see if it works. I don't know what that is. Did it work? Yeah. What the hell's auto show? Jordan again. Testing again. Whatever he's testing. Testing the stream. Oh, it must've been when we're doing the streaming. Anyway, that's all the, boosts and XMR chats. I don't think we've got anything else other than just a tease again that we're getting very, very close with our, live streaming. It should be back.
[00:51:05] Unknown:
When do you reckon? When when are we realistically gonna go live? Because we're gonna do we're gonna go live next, aren't we, and just do it. I think we just wing it. The the more and more we practice it, it's just gonna yeah. I I just think we just need to pair back the amount of things that we're trying to do and then get it working first and then iterate from there.
[00:51:23] Unknown:
I think so.
[00:51:24] Unknown:
June?
[00:51:26] Unknown:
Okay. Yeah. I think that sounds reasonable. Before the June, we will do a live stream, so that's exciting. What else? Clothing is being printed as we speak today. The free samurai stuff is literally being printed today. So that is also exciting and should be live on the site probably a couple of days after this airs. So we will let you know on that. And what else is there? Ungovernable misfits wise. I think that's it, mate. Anything your end? No. I'm gonna go,
[00:52:01] Unknown:
and meet the team now. Gonna go and do a bit bit of exploring up and down Las Vegas Boulevard before, all hell breaks loose at the conference tomorrow. So I'm just gonna take a few hours and, do a little bit of sightseeing because after that, it'll be work, work, work until I go home. So Yeah. And me go see the sites.
[00:52:18] Unknown:
Okay, mate. Well, you have a good time. I will catch up with you when you're back in The UK. Alright.
[00:52:24] Unknown:
Take it easy, dude.
Tortured with a Chainsaw
Coinbase Cyberattack and Security Implications
PayJoin v2 and Privacy Enhancements
Dojo Updates
Listener Boosts and Community Engagement
