$420k Next Obvious Target For Bitcoin.

0:00Right. Come and sleep, fuck no, I'm the ground. I'm the ground. S.D. I'll represent. Come and sleep, fuck no, I'm the ground. Where's Said? Shit. Hey everybody, welcome back. Happy Friday. TGIF. That's right. 420K. Next obvious target. For Bitcoin. That's right. We are ending the week with just so much opium. It's going to melt your faces. So what's the opium we are going to cover today? Liquidity grabs. We're also going to take a look at the Bitcoin. What is it reclaiming the 94? Look into reclaim the 94 and a half K area. That's right. That's the area I'm watching. What else? We're going to take a look at maybe Bitcoin breaks 126K in 2027.

1:02We've got a chart that is showing that direction. Bitcoin getting rejected at the main resistance area. That is to be expected. And guess what guys? The action that we're doing today, the action that we did yesterday. That is what forming support looks like. That's good stuff. What else? What else? That point. An incredibly shallow retest. And that's evidenced by where we are today. Actually, let's go take a look. Go take a look. Where are we right now? 83.9? Is that what's happening? We're dead at 83.9. Okay. I will take it. I'll take it. Anyways, all right. Bullish comments out of Van. What else? Some more. I guess we'll say some organic opium, right? It takes fewer and fewer Bitcoin to buy the entire money stock. This is the kind of opium we used to see like 10 years ago. And just nobody cares about it anymore. But I think it's relevant.

2:02So yeah, we're going to take a look at that Bitcoin bear market finally over. That's right. Somebody is actually questioning that. They're not ready to make the call yet that it's over. Maybe they're playing it safe. We're going to find out who and we're going to find out what they're saying. 10 year US treasury rates are back to 2007 levels. For the people who were around back then. And the people who were out in the, I guess in their adult life, earning a living and starting off, right? What came next is pretty scary. Are we going to see the same thing again? Pakistani minister made the case for creating a strategic Bitcoin reserve. All right. They're saying the words. Anyways, Trump administration is considering a plan to promote a dollar backed stable coin overseas. If you're surprised by this, then you probably haven't been watching this show for a very long time. Because I've been talking about this and not only me,

3:04but a lot of other people in Bitcoin have been talking about this for a very long time. Right? In terms of fiat currencies, the dollar is the best of the garbage. So naturally, and since it is the world reserve currency to some people's disappointment, guess what? It commands the most power. So therefore, this is how they continue to kick the can down the road and print to infinity. There's no magic behind it, guys. There's no magic behind it. It's all a competition. Right? And if they can get if Trump, if the US can get other countries to simply back their stable coins with treasury bills, sorry, treasury bonds and US dollars, then guess what? They won. Right? The government wins. They get to continue to kick the can down the road. There's no surprise there. Okay. Anyways, what else? What else? The liquid network update. That's right. September 17th, I believe, was the last update.

4:04We are going to take a look at that. It's now September 25th. Take a look at some shielded Bitcoin as well. Oh, also, there's going to be the the Bitget hack, where we're going to take a look at that as well. Shielded Bitcoin. We Satoshi yesterday. I meant to show the video. It didn't have enough time. So today, we are going to take a look at we Satoshi with the era wallet. We're also going to take a look at Umbrella OS 2.0. That's right. Everybody's making their own app servers. I don't think it's a bad thing. I think it's pretty cool. I've got an extra raspberry pie. Maybe I'll try this out. Got some some shots of art out of the Midwest Bitcoin summit. Shout out to needs creations. And a few other people who decided to take these pictures. And and we've got a new letter from Keoni Rodriguez. Right? Samurai. That's right. We had Lauren on the show last week. Sorry, two weeks ago. And it looks like he's got a new letter detailing exactly what his experience was as he was being transferred from FPC Morgan town to the new.

5:12The new facility. Anyways, all right. Let's dive into it guys. Here we go. All right. I'm going to try it first. You know the deal. You know the deal. It's Friday. Not that it matters, but we're going to say good morning to everyone. Say good morning to everyone every day. It's happening salty crayon. No name extra. What is happening? Good morning. NVK is proving himself to be a retard and doesn't understand that everyone hates him. I can't disagree with this. Right? It's funny. I put out a post this morning. Right about how. You know, everybody's blaming NVK. But it wasn't it's it's obvious. It's a separate point. Right. For me, it had much more to do with the fact that there's a whole bunch of influencers that made. You know hundreds of thousands of dollars over the years, probably more. Right. Shilling cold card. And those guys are all just absolved of personal responsibility. You know, just yep. That's it. There you go.

6:13And obviously that that post isn't doing very well. People people don't like the truth. Right. People don't like because personal accountability. So check this out. Right. Essentially. A lot of different things. It's it has to do with ego. It definitely has to do with upbringing. But it also has to do with what we promote and incentivize in society. More specifically in our culture. So the reality is is that there is zero incentive for accountability. There just isn't right. Like if you actually want to be accountable, then guess what? You're not going to be able to chill a loan product because you may get somebody wrecked. And obviously you're not going to feel responsible if that person can handle their money. And to a certain extent, it is not your responsibility. However, you do understand that. That loan products can with the wrong person. Create a scenario where that person is financially worse off.

7:17And there is some onus of responsibility for you. Right. As an individual taking money from the loan product company and selling it. Now I'm focusing on the loan products, but that's just because we're dealing with Bitcoin and we're talking about money. There's many other things. Right. Anyways. Let's keep going. We got a lot here. Jackal. What is up? Good guy, biker. What's happening? Yeah, that's right, dude. Cry harder. That's right. Bear markets over. Shoot again. That's right. It's done. Cry about my clickbait title. Cry about the clickbait thumbnail. Good morning, sat stacker. Hard, hot, what is up? DC a to BTC. What do you think it is? Y'all about to take the pain in October? Yeah. Maybe, maybe. But, you know, I've been around the probably as long as you. So what pain are you really talking about? Listen, if people are staying solvent and they're stacking sats, there is no pain.

8:18Okay. There's only hope in them. All there is to it. Classic. I think I said good morning. Oh, yeah. Sorry. Sorry. Absolutely. Guys, three finger test. It is me. Glasses come off. Glasses come on. I am not an AI. It's happening, Matthew J. Yeah. That's right. NVK is alive and posting again. And for some reason, for some reason, deciding to kick his customers in the nuts with his ridiculous comments. I've never seen somebody hold contempt for their customers. It's like, and again, that's why I'm not that dude. That's why, right? Like the people who aren't selling these products, there's a reason they're not selling these products. But again, it takes a certain personality type. You know, and there you go. He's the dude. The whole entire time, he always pretended that his shit didn't stink. He always pretended that he was amazing. So, apart from the course, he does not like, he is a victim in all of this. Let's understand how narcissists work. Okay.

9:18He is a victim of this. His team, right? Cold card. The guy who implemented the code and fucked up his partner. They're victims. Anyways, okay. All right. So Bitcoin, Fiat exchange, 84,014. New all time high on the block. Hey, 968,565. What else? Two sats per V by say it ain't so total public lightning capacity, 4,531. Look at us yesterday. We were like 3,750. So we back. Come on. Let's get the 6K on the lightning liquidity, guys. Let's get there. I don't know how we get there. I'm just saying that 84 iPhones per Bitcoin. And you're still getting 21% of a house. Per Bitcoin. It's good. It's good. It's great. All right. Let's do some hope. You're here. The Bitcoin monger. I always love the liquidity charts. I've showed this. I've showed this to you guys before. If you want to see this type of stuff, you have to go to glass node. And you can pick the exchange and you can see where the longs, right?

10:25The long volume and the short volume is. Anyways, just another liquidity grab before the next move higher Bitcoin dips are for buying. And you know what's Friday. Let's go. Maybe we go take a look at the charts live. Let's do that. Let's take a look at the weekly. Okay, because we got two days left on the weekly. And let's do that. All right. We're going to share this tab instead. Explain everything because I'm technical support. All right. There we go. Okay. So here we go. All right. This is not high can actually so we are not changing the volume. I got to tell you guys this. This is this is what I was telling that this is what I was talking about. This is the type of candle formation here that you don't want to see as a bear. Okay. Now, of course, it doesn't mean a hundred percent. We're going to do these amazing things and it's all happening sooner than later. No, it doesn't.

11:27But what it does signify is that there's not as much weakness. And it's obviously a change in momentum. You could see by the previous candle, right? All of that sell off from the week before was bought right back up. So look, I know it sounds corny, but stock charts tell a story. Now, story's not always accurate and it's always subject to interpretation, but it is telling a story. So my story that I look at when I look at those charts is it's an optimistic story contrary to the way that I sound sometimes, but to me, it is optimistic. Anyways, guys, there you go. You can see right now we just came down and we dipped into this and the next liquidity move is above 85 K, right? You could see right there the two circles from Bitmonger, right? Over 87. So there is a good chance that we did what we did and then over the weekend, we jump back up and attempt to touch above 87 K to see essentially just to get a to get a feel for the activity.

12:32Is there demand at those levels? There's definitely people hedging. Definitely people hedging up there. That's for sure. Anyways, I know sorry, those are short covers. I always get the two confused. It's the short covers that are up there. It's the longs that are down here. Anyways, okay, we continue. We continue. Wash Agora. If Bitcoin is to reclaim the monthly 94 and a half K, I don't know what the LVG means anymore. Let's figure it out. FVG in terms of trading. What is it? Ah, the monthly fair value gap. God bless you. The monthly fair value gap 94.5 K is the next area to watch. As you guys know, if you've been here all week, you know that I've been talking about that area, right? Talk about 92 to 97 K. Not even there yet. So, but I am hopeful. I am hopeful. And there it is guys. You could see the fair value gaps. I mean, sure, sure, but I still think that the major resistance all the way up here, we're going to be off to the races when we break above 108 K and we get to like the 110, the 112.

13:41But definitely everything on the way there is just solid, hope, and building. Alright, kill that XBT. Bitcoin breaks above 126 K sometime between May and September, 2027. This is more along the lines of good guy bikers, hope, him. Right? This is what he wants. He wants to have the bottom in October, specifically October 6, right? Because it follows the simulation so he can like double or triple his stack and be a genius. But then end up breaking 126 K when we get between May and September. Cycles are accelerating. This has been my main thesis since the start. Look at that. Look at that glorious chart. I don't know. Good guy. I don't know, man. Too many people are expecting the simulation to play out. I don't know. Alright, Bitcoin got rejected at the main resistance area as expected. Indeed, patiently waiting to see where this finds support. I've got my eyes on 82 seven. Then 78.6. Crypto jelly isn't the only one talking about 78.6.

14:48Even Vanneck made comments towards relating to that area of price action. But yes, guys, it's not anybody who's painting the picture that it's like open skies. And that's it. We're just moontime and price discovery. We're not there yet. Okay. Definitely in a better place than we were when we were in the 60s. There's no question. But there is still a lot of overhead resistance. We need to turn that resistance into support. That's what that is. Alright, but do that point incredibly clean for a shallow retest and I do agree. If we would have continued to go lower on this on this breakdown, I would have been like, oh, okay, you know, maybe we're not ready yet. But the fact that we recovered this quickly or just going to the four hour chart. I mean, we barely, what did we hit? What was our low 82?9? That was not low enough.

15:54It's not low enough. And this is exactly it. Right guys? You see this? This is the bounce and you see the wick. It's good to have the skinny wicks like that. It doesn't necessarily mean that's it. You know, we bounce and that was the bottom. But it does indicate once again, there is. There's a large group of buyers at these levels and they're paying attention. So the dips are being bought, right? It's TLDR. There we go. There we go. The angry Chihuahua. Right. First, he makes an app to show us that we're not doing as well as we should be. But at the same time, he gives us some love. Break out retests then moon. We're on the same page. My dude. This is. Anybody who watches this all the time is looking at I'm not talking about this show. I'm talking about the chart. About the Bitcoin chart. Anybody who watches the Bitcoin chart and looks at it, especially on the weekly and the monthly intervals. Right. We're all seeing the same thing. Okay. We are all seeing the same thing. And I just want to point out about a month ago, any pillows, that terrible trading account said that we were going to go into the 30s.

17:00Okay. And now all of a sudden, if you go look at his account, he's talking about 80 and 90 K, 100 Ks and shit. These guys, it's. It's just so brutal. So brutal. But you see if you listen to him because it's a massive trading account, right? Like 250,000 followers. All that. He must know what he's talking about. Right. Sell signals and all that. No idea what they're talking about guys. No idea. And I'm not saying I do, but that's the point. Right. Like that. That's. That's the claim. Those guys are selling you that they know what they're talking about. That's the sell. Make any sense. Anyways. Here we go. Here we go. Some Gordon get co-action. 420. Okay. Is the next obvious target for Bitcoin. Look at this. Damn.

18:00Yeah. We're going to be interesting. Very, very interesting. Okay. Let's hear some. Some bullish comments here out of Matthew Siggle from Vanak. What he has to talk about. I think that's a big deal. Over the long run, Bitcoin has virtually no correlation with bond yields. But it does have a persistent negative correlation with the DXY, the dollar. So that DXY has had a bit of a move here. And I think this is more about just digesting gains. It was a really big move. We finally closed over over that 50 week moving average, which has. Like $10,000 or $15,000. Like I don't, you know, the size and the scale maybe don't really register. But for those of us that were here from the two digits and the three digits going all the way up to the four and the five digits, like.

19:03You're talking about 10 years of a move in one week. Okay. This is not peanuts guys. It's not peanuts. Been the line in the sand for every cycle. That's sitting around 78 K. I think if we hold that 78 K by this Friday's close, then, you know, there's nothing to worry about. So we'll see if the ETF buyers show up today. They've showed up over the last couple of days. The last week has been all about call buying. So in the options market, there's like $20 billion of options that expired tomorrow. They are call heavy. So the pain trade is lower into tomorrow. But you know, I think I think the cycles turned here. It's a pretty consistent four year pattern. And you know, by that math, this is a good setup. Bitcoin has historically been correlated to gold. Text off. Hey, thank you, Bitcoin archive. Let's frickin go. Yeah. So there you go.

20:03That's what we're looking at guys. There's the correlation. Now here we go. Some David E and G Mba. Hope. Even money itself is losing this. We're going to go to the higher level. Right. Even money itself is losing value in Bitcoin terms. Price the entire US money supply in Bitcoin. Okay. The direction is unmistakable. It takes fewer and fewer BTC to buy the entire money stock. It's deeper monetary point. Indeed. The dollar supply keeps expanding. So that's the whole thing, right? Which you know, as Bitcoiners, we understand that. They're going to keep printing to infinity. And each one of those dollars is worth less and less and less. And obviously because of Bitcoin qualities. What happens is that it's purchasing power is going to expand exponentially. Anyways, Bitcoin supply does not. So when you change the denominator from dollars to BTC, even the money supply itself tends towards zero. And we get solid charts from David E and G Mba.

21:07And there it is. Beautiful. Beautiful. I think people sometimes, you know, get all wrapped up in the treasury companies and all of the amplified Bitcoin and the hurdle rate and all that crap. And people just kind of forget. Right. That's one of the most basic tenants. Money's broken. Right. Now. River is introducing some. I don't know. I don't know if it's introducing doubt or fud. But river is not 100% sure that this bear markets over. Is the Bitcoin bear market finally over and look at this chart. Why do I say that they don't consider this market over? Look. I'm going with the colors. Okay. 2013 to 2015, 400 six days. 2017 to 2018. 84% right. 362 days. 2021 and 2022 77% 378 days in look. 2025, 2026. Only 52%. 267 days and you'll notice that the shading is different. I believe that river doesn't think this is over. So they are hedging their bets.

22:14I think they're going to want to come out with this graph again in case we dip lower. I don't know guys. I don't buy it that. That the bear market is still going to go deeper. I genuinely don't. But that is based on the higher price levels at the same time in previous cycles. And I'm also basing this off of the fact that we hit a new all time high prior to the having and that we had this what I consider to be a muted flat top bull run. So yeah, I just I'm sorry. I just don't think I think a lot of people are going to get caught off guard. You know, yeah, I agree. Yeah, I agree. The most bullish bear market. I totally agree. Like this is like to only lose 50%.

23:14Like for those of us who have been here in previous markets, you know, TR. Like it freaking hurt. You know what I mean? The 80% down and shit like that. Like that. I'm just glad I was stacking. Anyways, all right. Here we go. Here we go. More, more along this topic. Right. Jeff Ross, Dr. Jeff Ross. Here, US Treasury rates are back to 2007 levels inflation is structural and currently running higher than the 2010s. The US economy is booming. This is I can't you know, I got to tell you this is this is kind of the problem that we're that we're facing right. Like we have this whole entire mix where somehow the economy is in fact booming, but also at the same time prices are rising. And we've got the Treasury yields, which are rising, which essentially is going to hammer is supposed to hammer stocks, right? Because essentially what it's telling you is is that hey, there's a lot lower risk. You could just park your dollars in Treasury and then you don't have to go to the stock market for the yields.

24:24Very interesting times guys. Very interesting times. Now do I think that this ends us up in the same thing as 2007? No. And I'll explain the reason why 2007 as you guys know is the great financial crisis. And that was the the whole you know, the reason right the Genesis block was written right when Satoshi started Bitcoin right like all of that stuff. It all had to do with that that we were never going to go back. They were going to print money into infinity. I don't necessarily believe that we see a 2007 style type of recession or crisis because the the mechanics of what the government is doing is not that it's different. They're just doing it faster and it's because they've been given the go ahead. I mean guys the amount of money that we've printed each time like at this point the public now expects the money printing. You have to remember right it's the over 10 window shifting once upon a time the public was outraged. But at this point people just want to be able to pay their bills by groceries right.

25:28They're just going to take it. Anyways, all right. Here we go guys Pakistani minister. What's he talking about? Blahal bin Sakeeb made the case for creating a strategic Bitcoin reserve at the United Nations event in NYC. All right, let's hear him talk about how he loves Bitcoin to that UN story. Oh wait. Sorry guys. I only do the. We didn't have this level of in real life inflation 2007. Yes agreed. I was a broke down trading floor back then did know what will happen this time but with inflation being different. Yeah. It was different mechanics back then. And also again the general public hadn't fully accepted the the constant money printing.

26:30I think that matters too. This is digital cooperation day happening on Tuesday and paystance CEO Jeremy all men made the case for Bitcoin as critical financial infrastructure for the digital age. This reporting came from Frank Corva of Forbes and formerly Bitcoin magazine. All men's arguments as AI reshapes labor money needs to catch up to he says Bitcoin unlike stablecoins is truly open not controlled by a handful of private issuers and can bring bring banking to billions who lack it. Sharing the panel was Bilal Sakeeb Pakistan's minister of state and chairman of its virtual assets regulatory authority. He explained why his country launched a strategic Bitcoin reserve calling it preparation for the future the future of global finance Corva's reporting also highlights motive a Bitcoin project in Peru helping unbanked women build financial independence. Okay hold on a second strategic Bitcoin reserve I I'm curious I don't believe that they've done anything besides sees people's Bitcoin.

27:36Let's see here let's let's see energy allocation sovereign holding the reserve is designed a long term national backup rather a tool. How are they going to how are they going to get this thing. Let's see. How will it be funded yep let's find out. Guarantee it's going to be repossessed Bitcoin. Okay yep so there you go I mean look state backed mining right. Pakistani government allocated 2000 megawatts of surplus electricity seized digital assets right obviously. And then the term holding policy okay so it's it's very so okay different than the US right because the US doesn't really have a quote unquote mining policy but that could be that could be argued right because of the public private partnerships. Again it's look there's nothing new under the sun guys the majority of Bitcoin that will be going into the different governments strategic Bitcoin reserves the majority of that Bitcoin will be stolen I mean sorry.

28:49Seized seized digital assets I don't mean to call it stolen that the state doesn't steal anything owns everything. You see the mental gymnastics you have to do just to put up with this bullshit on a day to day basis. All right anyways anyway speaking of bullshit the Trump administration is considering a plan to promote dollar backs, that's stable coins overseas to join ventures with private companies no way really private companies like who like tether. It's a little crap aiming to cement dollar dominance and drive demand for US treasuries oh my gosh we are surprised no way. So the linchpin of the entire fiat system needs to find new customers. What. Yep it's just look guys it's just kicked the can down the road technology none of this means Bitcoin fails none of this means Bitcoin dies all this means is guys we are going to get astronomical Bitcoin prices why because they are never going to let.

30:00They're never going to let it get out of hand they are going to continue to print to infinity they are going to continue to kick the can down the road the governments are going to continue to figure out new and creative ways. Doing that and all we need to do is accumulate Bitcoin and watch the show why is that so hard. That's happening Bitcoin beacon and Frederic what is happening my dude. Do I have a video for this one? No. All right let's dive into the liquid network updates so there hasn't been an update since I checked this last night okay so check this out guys so as of the 17th right nothing has changed except for the people can do whatever they want on liquid but peg out operations remain paused. But you can still deposit funds you can still deposit funds I like that. I like that anyways as previously reported 3400 of the 4000 Bitcoin withdrawn on September 6 has been returned we understand that the central question for LBTC holders is when pegouts will resume while we're not yet able to provide a firm date pegouts will was only after full one to one Bitcoin backing for LBTC has been confirmed and all required software updates testing and independent security so in other words.

31:20They want that other 600 Bitcoin before they do anything that's that's what he's saying. Which is fine what it is now what's interesting about this right what's interesting about this is yeah dendi hotl I can't disagree 4000 Bitcoin effectively frozen on liquid for weeks and this guy's now wrapping on my timeline. I'm talking about he's talking about Adam back right I'm in this mean that's going around is absolutely fantastic I'm not making fun of the mean my point is is that yeah you know like I get it but this is this is in poor taste right like you've got all of this missing all of this stuff is frozen I. I mean I worked in mission critical systems like this this type of behavior I I kid you not guys so and we're not even talking about money being missing right we are talking about let's say buildings entire like multiple buildings not being able to function let's say for days which I think is equivalent in in critical nature we used to have to provide there was hourly updates right and then there was daily updates and I'm not sure what I'm talking about is not going to be a lot of money but I'm not going to be able to do that.

32:36So I think I was daily updates and then like every couple of days you had to sit down and talk through what the current status was what the action plan is what has been done and there was usually a person or group of people that would drive this these situations to resolution sooner than later and if you ask me this is again more of an echo of how the Bitcoin space is truly a mom and pop shop. Are you to say this but when it comes to this type of stuff this is what I see because. This is not how it works like. This to me is a lack of accountability to a certain extent like I get it I get that they're putting out these updates but the fact that you have eight days and all of this money is frozen millions of dollars frozen. This is not acceptable. And then on top of that putting out videos of like dancing to the newest meme.

33:38It's in poor taste very poor taste anyways whatever to each their own nobody cares anyways nobody cares I can tell you right away it's you know here in this space you can just flat out lie to people as long as they feel good about what you're saying. Right or they think it's funny or it can be used for engagements all good all good. Yeah that's right anyway speaking of engagements. Bit get what the hell happened at bit get this is another interesting scenario so bit get hot wallet incident September 24th right at 1831 UTC on September 24th 2026 bitcoins. Sorry Bitcoin bit gets security system detected unauthorized transferred for some of our hot wallets our security team activated emergency response protocols immediately I love I love emergency response protocols especially when you're the customer. What we've confirmed your screwed estimated funds affected approximately $351 million.

34:40Cold car cold wallets remain fully secure bit get operates a three tier wallet architecture the breach contained only a portion of the hot wallets okay fine user funds are safe so keep in mind of what I'm saying guys user funds are safe the full amount of the loss falls within the coverage of bit gets user protection fund so I want you guys keep in mind they have the funds the cover this okay user funds are safe all of the cold wallets are fine. Actions we've taken emergency response team activated abnormal transfer addresses identified so they've identified the abnormal transfer addresses they have a fund that covers all the losses. Right and the cold wallets remain fully secure and yet like everywhere withdrawals temporarily suspended as a precautionary measure that's right we're stealing right we're holding your money hostage for your safety if all of this is true and the addresses are identified why would you care about somebody withdrawing their funds from your crappy platform.

36:00Why would you care doesn't make sense a law enforcement and on chain security firms have been formally notified so you've got law enforcement to you've got the state. Hey Marcello what is happening good afternoon. Good afternoon Matt good afternoon. This day it doesn't have big bit going platforms it's true it's true it doesn't but it's fucking hilarious man every single every time okay but look what this means for you and this is my favorite part your account balances are accurate and your assets are protected but this is the best the positives and trading remain fully operational so we back up they've got the funds to cover it the cold wallets aren't affected okay. Abnormal transfer addresses identified and yet and yet feel.

37:03withdrawals are temporarily suspended but you're totally welcome to give new money to this platform that was compromised. It's the kind of stuff that I see like this where I genuinely believe that the people who write this stuff think you're you're stupid right and they're banking on it they're like maybe our customers are stupid let's find out. Let's find out just how stupid they are and you know what maybe they're not wrong okay maybe maybe they aren't. Maybe they're not wrong about this and I'll tell you why here's a video of what is this what's her name grace gracey from from bit get here you go talking about this exact issue right should do like a live stream check this out. I think I think someone who asked me if I'm single yes I'm single but I this is not. They just got they just got hacked right for 300 something million dollars and that's the question that she's getting they want to know that the dude in the chat this is why businesses can get away with zero accountability infinite human stupidity and thinking with your penis.

38:22Good job. I think I think someone who asked me if I'm single yes I'm single but I this is not a concern here. That's what they're worried about guys 360 million dollar hack people are chiming into the chat and are like hey I wonder if she's single. You're surrounded by way more can losers than you could ever imagine it's so funny. Why the hell did she even acknowledge that kind of question yeah you know I can't blame her though I do think it's I sorry dude I I am putting the onus of the idiot asking the question right the onus is on them. Right I think it exemplifies the infinite humans stupidity that everybody is up against forever. All right so shielded Bitcoin I know some people are excited about this look I'm always cautious why because I don't know shit okay but I'll tell you this shielded Bitcoin on chain I'm gonna wait.

39:30Yeah I agree Fredrick there's way too much stealing disguise doesn't competence yep and there's definitely not enough onus put on the cheerleaders of these terrible products right. While people like to blame you know and I'm guilty of this myself right the individuals really it is the enablers okay it is the enablers of these platforms it's the enablers right the people who shield this kind of crap with no remorse you know touting all kinds of stuff is the you know the best things since sliced bread. And then you know what happens you get wrecked and they just disappear right they're just the god. God move on to the next thing that's your fault should know listen but there I was trying to convince you for years to listen to me what you should have listened should done your own research. That's that's called narcissistic abuse by the way anyways it's good times good times so yeah shielded Bitcoin guys shielded Bitcoin so here it is okay this is Nicholas Gregory I think gave a nice simple explanation you peg Bitcoin into a private bucket of encrypted notes.

40:36I already don't like that because right away and again I get it there's always trade-offs it's just for me I don't care I don't like that moving around with zero knowledge proof so nobody sees the sender but you're you're pegging it into this private bucket of encrypted notes who owns the bucket. Who manages the bucket. Frederick there is so much pegging. So you remember how two cycles ago everybody was asking where's the yield this cycle the question is going to be have you been pegged. That's what it's going to be anyways zero knowledge proofs so nobody sees the sender receiver or amount later you peg out to a fresh address on chain link is gone same mixer logic as tornado cash and Roman is doing wonderful right now right we're all in storm going great for him. No soft fork no operators Bitcoin just stores the receipts. Okay I'll do a little more research but I just don't.

41:39Peg in means I'm asking for permission. That's the only way that I see it you know and when I think about lightning right essentially what you're doing is is that you're you're putting your Bitcoin into a lightning channel right and you have to essentially close those lightning channels before you can get your Bitcoin back. But I can host that I wonder with this and I host this anyways I'm going to do more digging but I just and I know some people are super excited about it and I'm not shitting on it saying it's terrible I'm just being cautious. Why because I'm aware that I don't know shit that simple. So maybe it's cautious out of stupidity right caution out of ignorance who knows whatever anyways we Satoshi this is it dude yesterday I started to look at this right and but then I found this video later that you made so we're going to dive into it this is your product the we satoshi product with this air a wallet right this E E ink wallet yeah full quality video coming soon but in the meantime.

42:54There's no sound on this which is fine I like the I like your little logos and stuff this is cool stuff when the hell is sessions going to come out with the video about this already you said that you said that they responded back. Oh there is some sound I realize that I like that you have the little cover on this thing. Dude are you getting any funding from open sats like I genuinely believe with a project like this you should be able to get some kind of funding some kind of help I mean this is like to me right it seems like a good project this seems like a good idea. So like whoa whoa what's with all those six is come on come on come on we're God fearing people here. Yeah I think E ink is very cool to ACP I'm a big fan. Indeed Matt and good morning definitely not pegged in a good way I mean that much.

43:55It's cool stuff. Look at that. And E ink uses a lot less electricity as well. It's pretty cool. It's my favorite block. It's great. It's absolutely great anyways we sito she good stuff man I'm so happy to see the the evolution and I really hope that you eventually do get the attention not just not from me but like bigger right bigger platforms right where where then the where then the normie pleb can cheer for you. You know because look the mad that the huge hope you influencer has now validated it but I do hope that that comes and I think it will just keep doing your thing my dude. Just keep doing it okay speaking of doing their thing on brawl that's right guys we've reached the point of the video section.

44:56Where it's all advertisements none of these people sponsor us though so just a small computer at home I do appreciate this this app type thing I did this with kaza OS with my Raspberry Pi recently where I installed a bunch of you know apps that are run locally that I can use for content creation and whatnot. But here we're going to take a we're going to take a quick look they did a funky is an only it's a small computer with no screen and no people it just sits in your home and becomes your cloud. So everything you would normally keep in iCloud Google Drive or Dropbox lives here instead and it does a lot more than that. Umbrella is the software that runs on you you can install it for free on pretty much any spirit computer or a NAS that you already have and today we are releasing our biggest update to Umbrella was. There we go so this photo is about. Oh man what's that scarcifiable hold on hold on let me pull this off a man I appreciate it and GFY yourself as well.

46:01GFY is all love man I really appreciate it my dude I appreciate it I hope you're having a good weekend your weekends already started I think. Travel about 400 miles to a server farm or it can just go 10 feet right over there to your own home cloud. This is Umbrella OS 2.0 you can get it plug and play with an Umbrella home or an Umbrella pro or you can install it yourself for free on almost anything a raspberry pie a NAS or that mini PC that's been sitting in your closet. Then you open your web browser and it comes to life. Yeah I love it I love it guys I think it's very cool look. You can also like I said there's another one called CASA OS it has nothing to do with CASA HODL right it's a completely different thing I would also suggest if you have hang ups about Umbrella or whatever it is which is totally fine right.

47:07You can try CASA OS and you can go and get essentially the same types of apps right where you could be hosting your own file server you could be hosting your own video editing. Your own vault warden right so you can have your own little password generators and stuff it's cool you know it's it's good stuff I think it's going in the right direction it kind of. Makes me think of foundation devices with their with their new offering but obviously it's you know it's slightly different because that's a mobile device but it also is it's reminiscent to me of course start nine because start nine was the first one to do the app marketplace. And then Umbrella followed and my node also does the app marketplace so I think this is just the the natural evolution I do want to point out there was an old school bit pointer I haven't seen him in many years his handle was was candle. Okay there are some people who may remember him dude was totally out there but incredibly technical and used to do all these little projects and I just want to point out that he was working on this project of creating this little stand alone like he envisioned this particular stand alone product in our homes years before any of these other people ever developed it.

48:31I don't know what happened to that guy he just totally disappeared. He's a solid bit pointer though anyways. We continue we continue that's right need creations he's at the Midwest Bitcoin summit he is showing it like crazy and of course we've got some pictures of art that is up there you can see it's a nice big haul that they have and it's terrible this one looks empty this in fairness this is when they were setting it up okay they were setting it up there was way more people than this. But you can see the art right some cool art very nice I love it I'm a huge sucker for this this this to me like it's I you know I definitely I don't have a problem right like I don't I don't have a problem when it comes to spending spending money on on art and stuff like that I think that that to me that this is. You know there's an art represent real life or does real life represent art right it's like once you have people making art about something I think that this is where you understand that it like it touches people to the core you know and like that's what Bitcoin does you know and it's nice it's nice to see this I love it alright we've in a little video here.

49:46I've come on it's good stuff how long have you been working on this. Ah day two yeah agree they say yeah let me let me be clear ACP I like it physical right physical art what this guy is doing I I do not consider NFTs and stuff like that and I get it right art is subject to interpretation I completely understand that other people believe that those things are art yes what I don't have to share that opinion you know and either does ACP. Yeah I think it's very very cool good stuff Phil sorry needs needs creations. Oh wait it's back sorry guys back I didn't mean to do that anyways yeah so good

50:56stuff man I appreciate you going around filming that stuff maybe next year maybe next year I'll make it out to the Midwest Bitcoin summit maybe anyways moving on guys let's talk about letter number seven from Keeni Rodriguez. The title of this one is pretty pretty ominous guys the absolute worst 30 days of my life. Many months since I last wrote you part of the reason for that is because I spent most of June and part of July in transit from FPC Morgan town the eye machine a four hour drive away so I want you guys think about that right it's a four hour drive away it took them a month. This is how broken the system is not that you don't know that you're your Bitcoin or so you already don't think the system is working the way it should. But this is like I'm sorry to make it about this but you know when people talk about taxpayer dollars and you talk about the waste it took a month to move a guy for a four hour drive.

52:07We don't hold governments accountable enough. As individuals plain and simple. And if you've ever dealt with politicians or people in politics you understand very quickly they don't give a shit about the money okay. It's other people's money there is no skin in the game for these people with the exception of grinding out a frickin paycheck and upping their power anyways sorry. The other so here we go four hour drive most for most of that time I had no access to a pen paper stamps or the rudimentary email system that I used to send these letters out the other part of the reason why I haven't written in so long is that once I did finally arrive I was so shell shocked from the entire or deal that I needed time to decompress and process that month long drama that is B.O.P transit. I want to tackle the entire transit process and explain how what should have been a quick four hour drive earned into 30 days to transcontinental flights three multi hour bus rides a cellmate doing time for murder and a cellmate who couldn't stop hitting.

53:24Referred the murder this letter will likely be published in two parts due to its length. Thank you for your continued reading and support now obviously guys I am not reading the whole entire letter I just wanted to give this teaser the link is in the show notes okay it is brutal it is absolutely brutal. I am genuinely obviously you know genuinely feel for for Keoni and what he's going through talked about this before right free samurai fuck the state. But I think that again. Four hour drive guys turned into 30 days why would he have to get on a plane. I just think officials have no problem setting your money on fire they don't care okay and they don't and. The Stockholm syndrome is so deep they don't even realize they're setting their own money on fire doing this right there constituents just like everyone else.

54:35It's such a freaking clown world and I really appreciate you guys spending your time with me to make fun of and comment about this clown world please don't forget to sign the petition for these guys if you feel so inclined please donate to just 30 days for a for which should have been a four hour drive. Yes yes of course the taxes will go away as soon as the world for one is any day now I've never heard of a temporary tax that's for sure tore up absolutely living. Guys thank you again for joining me that does it for today have an amazing weekend all the good stuff you know the deal like I always say make the memory spend the time with the family it's going to be good yeah you know the deal I'm back back Monday 12 10 PM Eastern as you guys know Tuesday.

55:38I'm a bit going tonight it's going to be myself and Ulrich at least until mid October when when Humble's going to return anyways have a great weekend thank you again and scarifiable man I really appreciate it I really appreciate the donation. Have a great weekend guys take it easy peace. you