Bitcoin Today Recast 9/4/26

0:00I don't care if my day's been too safe, grey and wet satan. First say I don't care about you, this Friday I'm involved. I'm a new confon, a heart. To say what you said, break my heart, first thing, doesn't even start it's Friday, I'm involved. Today, Sunday I always come to you, I make a message. I don't care if my day's been too safe, grey and wet satan.

1:04First say I never break it's Friday, I'm involved. I don't care if my day's been too safe, grey and wet satan. I don't care if my day's been too safe, grey and wet satan. First say I never break it's Friday, I'm involved. I'm involved. Sunday I always come to you, I make a message. I don't care if my day's been too safe, grey and wet satan. Second say I never break it's Friday, I'm involved. Second say I never break it's Friday, I'm involved.

2:04I'm involved. I'm involved. I'm involved. I'm involved. I'm involved. I'm involved. Friday. I don't care if my day's been too safe, grey and wet satan. First say I don't care about you, I'm involved. I'm makeup. Get up, you're gonna wake up cuálmas going up. Baby. False. Baby. Every single thing Money, big hoops, big bottles, big suits, big, big corn, big, boobs, big Zombies and toughs, big moods, big amounts, big쉬, big moves, big bones, bigы. money big moves big boroughs big suits big big corn big boobs big boobs big

3:04logos big no big corn big boobs gentlemen for those of you who are easily frightened we suggest you turn away now to those of you who seem to take it we say welcome to the madhouse madhouse what's going on? Terrence how are you? I love me some cure in the morning you know a little cure it's also for the for the for the Friday dump yeah you haven't played the jobs are too good oh and so if jobs are good that means we need to raise rates because they can't tell right I mean make that make sense yeah well that's just of the people that are excuse to are in the jobs just to raise see a lot of exactly yeah yeah yeah if you believe the registered in the jobs system so who knows if we have yeah I'd like to know within the bitcoin community what the jobs numbers are right no I wouldn't I don't want to know that that data

4:05no I think the data is manipulated Joe Carlisari is not in here to argue the contrary but it's really difficult to I really hate it when they compare the current numbers to you know numbers from decades gone by you sound like a doomer boomer you sound like a doomer dancing grandpa I apologize I am but thankfully British is here to pull us out of the doomer boomer stuff with a quinceons yeah we're we're here boys here we are to make your acquaintance again I wonder if British is in the in the jobs numbers hello governor that's not how we talk slow and we don't count British people in the you mean the I mean the unemployed I mean the unemployment line we left the British people we separated the British people from us the Asian people been no the Americans oh okay the founding fathers we've had enough of these these dancing British people right yeah yeah we want better teeth we want better health care

5:06wake up this day Tiffany why are you playing that nonsense yeah we got good teeth now so that's we got that going for us speaking of good teeth what's too many takes Natalie up to good morning happy Friday sorry I don't think I hear it I'm sitting in the shower I oh dear god that's a little too much I I get being addicted to this is excited you don't need to have a have a microphone in your shower for spaces hey wonder why I'm listening to any idea me wants to start doing it she became a humble special when you have especially when you have no takes well why would you have a microphone in the shower when you go to zero takes well now she's too many takes British she's no soap you got to her she reflected she went on walk about no camp let me improve you know British offered me good criticism and now she has been under a towel already now we can't even share up geez yeah oh yeah that blonde

6:08girls back yeah she went blonde and then she loved us yeah she's like I'm too good for you now look at me too good for us no I left you and then I went blonde that's kind of weird that is weird so we know I'm having deja vu we do we know do we how's it going guys how is everyone this morning don't I'll speak I guess we're gonna a lot of us are gonna see each other later this month I mean it's a couple wonderful now hopefully yeah I mean I'm moving like at the same time so I'm still hoping to make it but still part of our plan but it's around the corner from where you live and you might not go when some of us are having to get on a plane and fly to places in the middle of America that we didn't know existed my daughter's getting married right after that and it is on the wall that she's getting married you're not yeah yeah yeah yeah we'll have her send some pictures take a photo they allow 12 year olds to marry in Michigan that's what's double digits they say double digits is the minimum over there yeah yeah that's great

7:12place yeah yeah yeah I'm gonna be trying on the morning you know she's getting married in Georgia so I think oh that makes all the difference there is the south so Terrence guts a pretty mouth we're gonna say hello to Tiffany hello Tiffany hi Warren hi Warren hi Tiffany hi guys good morning I'm it's so good to see humble back I have personally missed you so hope all the same time I'm still hoping to make it I have missed you Tiffany it's good to be back it's good thing not all of us girls are showering this morning that would be weird hey have you guys heard of the news um the assi I like that let's keep that energy what happened the unshoured energy oh yeah the ones with the ones with the

8:14the ones with the takes the ones with the takes are not in the shower with the fucking microphones I like it I have a take Americans dumped British tea for a reason yeah take that British super smart now you pay 50 percent taxes okay okay hey if you guys heard of the new um sovereign summit that is in February oh yeah and I think I'll hold a new big conference you're going yes my family's going so we'll see you there you guys go you guys go to Fred's conference by the way yes no we talked about it yesterday British actually if you look in the why was that in the nest in fact your cardone is going right your name is on video we uh what did that's what did you say about me well I went over to Fred and Ben's office and we and then we did a live uh last day fun talk show thing yeah but we were but we were contemplating um subjects what would be the on on everyone's mind and macro

9:21seemed to be one of the one of the big ones but there's a bunch of categories we're trying to figure out the tracks and I mean they're they're sort of in charge of that but they were just wanted to pick my brains who I thought it was yeah and uh and they both were like hey I wonder if British would come all the way out to Santa Monica because he would be interesting to you know have counter opinions on some of these subjects and I said yeah he probably would go because he's now doing that now because he got to he got to one now that he got to one the um can you just remind me what the dates are because I'm going to be in the area in the region I think it's like October 15 to 17 is that right guys all right that might be enough time for me to get a break off to the 28th and then make my way back over to LA yeah it's definitely enough time for you yeah flights don't take that long you guys understand what happened with the meta-planet situation so as I understand it Gernovich who I guess is like we just think about immediate right

10:24just yeah we just basically handbrake 180 yeah yeah like so basically he couldn't be diluted based on like the by-law so his percentage basis of the shares remained the same no matter how many shares were issued was that was going on with that basically what happened was every time they did an ATM it appears like their Dylan and Simon's shares got popped up from what I understand when you ratchet up you can't ratchet back down again so they never got diluted basically like they're sending basis it's more than more than that they go and incentivize but I believe they uh but how did no one read this I mean like this was in the documentation like none of the people that were Sharon's yeah but didn't they didn't say what they were asking me didn't they undo

11:28that when they well they just undid that like two days ago whatever that's because they got done so well they didn't undo it they didn't even undo it they just snoped there what's like Gary Gernovich all would come back she knew a lot of Gary try man I know you came off me there go ahead Gary maybe Gary oh I was I think this is an interesting uh I'd like an update on this because I think it's interesting and it's also interesting that nobody noticed Gary I mean people have asked if people were literally on this app were cussing me out for not immediately jumping on top of like meta planet and investing in it and holding it and I was like guys like I don't understand the Japanese markets like this is brand new in the American markets we're trying to figure it out and you guys are telling me that I need to jump on board on the Japanese markets yeah that's the Japanese you need exposure to every country country regulatory issues and tax implications and holdbacks right hey why don't you do it in Brazil try try to put 10 million

12:29dollars into Brazil and get it out the next yeah orange they have definitely knows about I'm not beating up on orange I was saying there are countries that just you want you when you put your money there getting it out but you're easy to get it out not so easy roach motel Gary yeah that there you go free free cheese in every rat trap right Sharon's trying to jump in here to just to be clear I'm not bashing orange I like that team okay great team me too and the only reason I didn't invest was the Brazil piece it's just like hey I don't I'm not gonna hire a lawyer I couldn't even get the stock in my broker account like it was like a whole new host of things that needed to happen there but yeah I agree I loved I do love that team I love Eric a lot I like them because they buy Bitcoin and I like to buy Bitcoin orange Sharon we'll get to you no worries whenever you're in the shower too no no I'm in a park okay you know my outdoor

13:29office the ones with the takes are not in the shower amazing I do need to give a little bit of an update I misspoke by a couple of years I'm on the question of meta-planet it was 2002 and so meta-planet was a distressed asset right it was a dwindling hotel chain that was shedding properties and then they they tried to do a turnaround and then in 2003 2000 excuse me 2023 in 2024 then they started to come into the Bitcoin space and start to treasury but to Gary's question is didn't anybody read any documents I so first of all meta-planet I'd have to check this but I believe it is only cross-listed in the US so I think super or super-planet will be the first US

14:30technical IPO or US entity so in a cross-listing it's the original jurisdictions paperwork that is is listed made available publicly and it was all in Japanese so you'd have you so you get better at it she bought you had to run it through your AI last year that's what I was doing yeah just and it's similar to a lot of these others like capital B and even actually I have to look at her I'll say did you did you look at that deal deeply British upon its listing which one the Brazil company yeah it was written in Portuguese yeah yeah so that's a little bit of a challenge you know when we're when we're looking at this globally

15:31you know you've not only got to read the paperwork but also I do like how you're trying to diminish the challenge of not speaking the language but it's a little bit of a challenge I am sitting here in Europe and I only speak English and nobody speaks English to me here so I understand it on the daily basis it's actually pretty hilarious you know what I end up getting served to eat or when sometimes where I get taken in in vehicles because there's where I go to the bathroom parted nothing I always just throw in really stupid humor and it usually falls flat on its face yeah now it works most of the time thanks British I love you too Fred here we better grab him before he gets that sandwich in him I know that's what I was just saying it says breakfast sandwich Fred doesn't go on Fred this is working about as well as some of his camera work yesterday okay so I would like in trying to figure out some of these documents before investing in in

16:39better planet in Japan or some of the stuff in Europe or elsewhere similar to my climbing experience two days ago with climbing with someone who only spoke Spanish climbing meaning we we went at least 400 meters straight up the face and getting safety instructions in route when you don't understand the languages yeah we use feet here meters maybe Fred's is he gone oh yeah he's still here come on up right the room he's readjusting perhaps hey uh Lauren have you been following the whole ocean mining thing yeah it's kind of interesting yeah very interesting uh it was applauding the uh yeah I think that's where we're going let's come back to that

17:42and as if Fred can come off Mike we were we were talking about the power loss stuff yesterday which was kind of enlightening he's talking about the couch no I don't even know though Fred's here he's here there he is yeah there he is Fred yeah we were talking about the power law we were talking about Bitcoin Alpha Fred did you know that meta planets original documentation for investors was only in Japanese that's what Sharon just said I had no clue really and apparently everyone on X was dumb enough to say you know what's this is the one I remember I had that $1,000 bet with Christina like she was like an X Goldman cell I remember that I remember that green of salt wanted to bet me some absurd amount of money uh OTC um whether meta plan it he was very convinced it was going yeah

18:4510x well I mean well it did do it 10x if you go out yeah yeah and most people here are betting they're not investing so you know reading reading the filings is here although grain does read the filings or at least he runs it through his AI I guarantee you grain did not know of this uh covenant I would disagree actually Fred you think he knew that Dylan had a full ratchet uh I don't know if I understand the full mechanics but I do know I I know some discussions we had around Dylan's compensate we'll ask him next time we talked about that I'm not certain what he will disclose he but um I you know we talked I talked with Dylan about um the compensation

19:48package as Dylan was trying to get his head around it well so Toshi doesn't have a ratchet on Bitcoin so I just stick with that kudo did you want to chime in or we can get back to you house yeah nothing to say I'm not um yeah I don't really have much to say I mean I'm make kind of excited because in the US right labor day was late it's not till next Monday which I believe is the eighth so that kind of extends summer out a bit um because typically you know the business people the bankers and all the deal makers the capital allocators you know they get back to work in September but we kind of just had an extra week of summer so I'm excited to see what happens after labor day as we kind of get into this end of year stretch especially with how Bitcoin's been performing in late August are you guys doing a show on Monday we do shows every freaking weekday hey uh yeah probably hey I was curious to hear Fred's takes on

20:55this whole um we have a lot of jobs and we're gonna tank everything like that's just ludicrous Fred what were your thoughts on this whole yeah I mean you know I go back to Peter Schiff's comment it looks like it was mainly waiters uh there's hope for us all we can be waiters we got something to fall back on it apparently there's a lot of waiter jobs and a lot of healthcare jobs but this is before the inevitable downward revisions so I feel like it's a lot of summer hiring you know yeah yeah that's what it is I don't think it's a trend agreed and I don't think it's data center jobs either although there are but there are a bunch of those but um don't they also count like second and third jobs in this equation as well like somebody I go and like oh shit I can't make you know I can't pay my rent I need to go be get a waiter job yeah I mean waiters in south hampton fantastic you know you got a job for at least another month or another week sorry

21:59how is this data compiled are they just using like ADP payrolls and like W2's like who's actually like compiling this information and how this is garnering some confidence the silence to this fucking answer from all the Americans with opinions on economics well there's multiple ways it's done right the ADP number is a separate number the BLS right but uh they're all they're all bullshit right like they they announced all these jobs created and then they revised them way down right so the I would say none of these numbers is is uh can be trusted at all right now and uh you know Trump doesn't even trust his own numbers so I don't I don't know what to think I wouldn't put a lot of weight in any of these numbers I know the most accurate way to tell the job's numbers is to just

23:00take the the US population of of working age people and subtract all the people in x spaces if you subtract all the people in x spaces those everyone else is working I noticed on the poly markets that um these this uh jobs number tweaked the percentage of odds of a rate hike not by much but enough so I don't know if they're just trying to make an excuse to pop guys all it is yeah house it's a statistical model where they basically survey a bunch of people they survey a bunch of businesses and then they put it into a statistical model and they go all right well this is what we think happened that that's basically the analysis process of this time well you know another problem with it price nobody else knew that is we've actually tweaked the algorithm where you know 20 years ago we used to count every we always tweaked the algorithm for sure but we're tweaking it to favor what the narrative has to be to keep people satiated so recently we've tweaked it where we say hey if

24:05you're if you've been looking for a job for over x amount of time I don't know if it's six months or whatever we don't even count you it's like you don't exist so when you do things like that it really makes it hard to compare apples to apples so yeah but I think that's probably one of the words yeah speaking of jobs and you can just decline but okay I was asked by some people uh hey what what does what does Lauren do or what did he do and I honestly didn't know how to answer that because I know you you keep yourself pretty private I try yeah but is but have you shared or do you want to share any like I'm curious even though we talk here every day like Lauren don't do it no I won't uh Natalie did ask that question okay that's fine very nice uh because nobody gives a shit I mean maybe maybe you're a fed are you a fed I have been oh actually one of five more enough uh 50 different hats I've done a ton of different things from mortgage broker to

25:09teacher to a million things in between I've literally had 30 careers sales oh did sales yeah so had a conversation with uh Princeton aka Mars I used to go to Minnesota because Target was one of my big customers so I used to go to there hang out the Mall of America etc because that's where corporate headquarters is so just a lot of different things okay yeah interesting very very interesting yeah people think just because we're in this place yeah we know everything about everybody do you remember they that there was a scene in a white lotus really guy goes so what did you do before and he goes uh business business how about you also business lose there's things that I worked yeah yeah be a little wet it's all good no I was definitely an opportunist a uh played poker

26:09um on the dl but was very profitable at it and picked up other bad habits doing that that uh maybe one day I'll disclose more of but yeah I've done a lot of different things the Susquehana guys were big poker players right before they started up that shop sig tescahana Susquehana I think sig s i g oh probably I don't know it's been a couple of decades for me well one 10 years 12 years somewhere in there one of my co-workers he left my company but he was an analyst at CIA for three years before uh before he went to law school with the scrazing so now sometimes no I think a lot of people look at somebody who uh job hops or changes careers a lot and thinks they're a loser which could be true I'm fine with it but uh in my case I just didn't find anything that scratched the itch like I was never satisfied with what I was doing it didn't feel like I was doing what I was

27:14supposed to be doing in life so yeah done a lot of things does anybody have any comment on Trump's uh kind of war of words with the fed yeah I wanted that he has to cut rates I wanted to talk about that actually I saw that earlier so what's the like economic mechanic behind that he's telling the fed cut rates that they don't he's gonna close off a lot of the have a lot of trading so what that do with I mean literally he said I'm gonna stop training completely with all countries who are net uh current account deficit positive with the America uh be negative with the America so what is it bad what it I'm afraid what I tell you basically basically what I will not do later is that push rates down by doing that like what was Trump did out of that by stopping the trade from like an interest rate perspective no he's just threatening he's saying worse you need to lower the rates or I will do this that's my understanding

28:18I will cause economic destruction which will force you to lower the rates so that I'm just trying to understand yeah I get that all that I'm trying to understand the chain reaction or is it because British that that that create economic destruction which then yes of course it does yeah of course it does like if you really if you want to fuck around go ahead friend yeah I just think to me it is you know as uh as one commentator said it's completely unhinged I mean saying either you cut rates or I'm gonna stop all trade with triangle that's basically that that means my amnesty is getting more and more excited for 9% by the ninth thread are you seeing division maybe you can translate it to um the Fed is not an American institution it's a globalist institution and I'm sick and tired of it maybe that's the translation

29:19on Trump side yeah I mean that look I think that we are in this crazy political time I think what Karnie did and Karnie sort of represents you know the global global banking regime is he sacrificed Canada for 10 weeks in order to try to affect the midterms and I think and I think I'm in G money territory now I like this okay oh no I mean this isn't like like a this isn't that you know a crazy conspiracy theory if you're paying attention to what's going on with the Canada trade talks with the US they I mean they literally are sacrificing the Canadian people to make a political point um so you know Karnie being you know one of those global banking kind of cartel members I just think the Fed is not an American institution I think it's truly a global

30:24ist institution I think they're they're they're far more aligned with the world economic form than they are with Donald Trump and his agenda so do you think he's trying to wrestle back control no no I think he's just trying to make a point I don't think he can wrestle back control now can he use the treasury to you know try to fly in the face of the Fed I guess he can but my understanding is that after the treasury spends its trillion dollars in the TGA they've got to go to Congress to get more money good luck with that well there could be the total eradication and raising of the counterparty the FEMA cap with counterparties and that's a quiet way to to fix things that's uh that's not going to impact consumer prices but provide liquidity I mean Trump's gonna have a lot less power in 60 days

31:34well do you think it's a good thing or a bad thing it's gonna be a blue wave friend uh I think yeah I think I think Congress is 100 percent gonna be blue and the house is better than 50 50 shot of being blue so at a center you know I think well I think if I think it get ready and I think that's what's coming I mean I'm not saying I want it but I think that's what's happening for people listening in maybe not from the US friends referring to our midterms here in the United States Fred what was your proficiency as an American you know as an American I don't know I feel like Trump's a wrecking ball so I'm not pro Trump you did vote for you voted for Trump right I remember the the campaign I voted for Trump I voted for Trump and uh but you know you're regretting I just

32:41think you're regretting yeah it's all right yeah I do I do kind of regret it and so do you think Kamala you didn't Kamala would have been but can you tell me like as an outsider like how would have Kamala do you think been better how why do you wish you would have voted for Kamala instead I think it would be more normal I don't think she I think she's completely incompetent but I feel like we'd be normal more normal we wouldn't have the tariffs we wouldn't have the war in Iran France would be lower you know it you know I don't think I don't think the benefit to us Bitcoin or I think we'd have a higher Bitcoin price than we have right now so I think Kamala would have been better honestly a dead Biden would have been better so that's kind of saying that you just think that the deep state kind of these entrenched you know people high up in the state department high up in the executive branch of this been there forever would do a better job running a place basically on autopilot from shadows which is a fair take I think I think Chad ZPT

33:44fair enough yeah was it dark that said central banking cartel really runs things and politics are downstream of that I mean all you have to do is look at the bank of international settlements which is pretty much the central nervous system of all these worldwide central banking systems and see that they're all in collaboration with one another so I kind of have a tend to agree I think that was you dark that brought that point up so the left and the right seem to be wings on the same bird so it's it's hard I'm with bread I was pro Trump and thought he was going to do so much because I was pretty much a one issue voter this round which was Bitcoin and I'm disappointed in you're not having fun playing with your Bitcoin's Lauren not having fun playing with my Bitcoin's British it's unfortunate how does the BIS really operate like who's on it what's there relation to you go to bis.org and yeah and there there's a little bit of transparency there they actually it

34:45it it appears to me from the research that I've done on the bank of international settlements that they try projects with lesser banks and different like lesser countries and then maybe implement them throughout other banks you can go look at their research right on their web page as well so it's I don't know they they try to you know pose this narrative that they're this you know we're doing good for humanity and we want what's in the best interest when an actuality it seems like it's just another mechanism for the you know the elites to really control the masses so I don't know man it's I suggest going and looking at their actual site to find out more information but remember they put up there what they want you to see and I think that there's some deception going on but it's a great place to start so on on the subject of what's going on with the fed and the treasury I think we were talking about those last week I think dark side was talking about I started looking

35:46back I was wondering if we had precedent in the past because of my mind from what I can see is it looks like the fed treasury are diametrically opposed to each other over rate cuts up started doing some research it looks like this had happened in the early 50s same situation fed one in rates lower central bank or excuse me the treasury wanted rates lower central bank wanted them higher and they were going back and forth and the president was evolved and the fed ended up winning the central like there was conflicts and bond by backs and all this bullshit and the rates ended up going higher and the executive cave so I just think it's interesting we're in now and I'm kind of wondering how things are going to play out this time once again I think it's dark that is constantly pointing to for example what's going on right now where we're basically rolling longer term debt into shorter term debt and this dead is going to come do a lot faster and hit us on the face faster and in order to satiate that we you know the treasury

36:52does need lower rates because there's no way we're going to keep going higher and higher and higher with our whatever it is now one point whatever trillion interest expense on said debt so to me this is a crazy snowball effect and I don't see how it can last forever but I think this is one of the continual arguments that we have on these spaces which is how long and this can get kicked down the road which I sometimes tire of talking about but it's getting interesting we'll see but you know one thing Lauren I think that's worth it kind of as a thought experiment is to say you know let's let's just talk about the next year right we're we're definitely going to add more than two trillion in debt next year right over the next 12 months right we went you know we we we were adding somewhere between two and three trillion a year in debt right now right so now the problem you have to go is okay where's that trillion going to come from thank you and you know I kind of with chat GPT I did some analysis and you know I sort of said well okay where what what are the

37:57the where the possibilities are the foreigners well no foreigners are net sellers of our debt right so foreigners are not buying our debt they're just not Japan already is maxed out of the trillion they're they're not going to be they're not going to be buying China selling our debt you know the UK is a big holder but you know the foreigners are not going to be buying two trillion dollars with a debt how about banks well banks are kind of you know as dark pointed out completely full to the gills right now and underwater and so they're not buying our debt right now so what's that lead well that leaves the general public who are mainly interested in money markets right so they'll buy it if it's you know three month treasury bills you know but they're not buying thirty-year bonds that much they hold a bunch of them they hold a bunch of long term bonds you know the sixty forty portfolios but it's going to be hard to convince them to buy debt and the only way

39:00you're going to convince them is by ratcheting up interest rates and then they're going to sell stocks to buy the debt so that's not going to help out things very well so really you're you're basically down to the following choices either the federal reserve despise it and monetizes it with two e that's choice number one or choice number two you let rates go up and you know it starts sucking money from the equity markets which is not great okay so really you're going to have higher rates or you're going to have two e those are your two choices tick one I like to really hear I like to really hear um g money's thoughts on the fact that Fred said that come on Iris would have been better I think regress voting for Trump before g money came in here yeah maybe before g money goes we'll just speak to what Fred just said as well I think there is some dumb money in there as

40:01well meaning these pension plans for example we talked about me being a fed and when I was there's a TSP plan where basically these bonds are just shoved down people's throats and they don't realize it because you can pick hey I pick fund a bcd or whatever it is and they're all bond heavy you know so there's that dumb money that just gets those things shoved down their throw but that's a very limited supply and it's not going to yeah very limited so yeah pension funds and insurance companies have a but they're not going to be I mean it's just a question not enough to satiate that yeah how are you going to get two to three to five trillion dollars over the next couple years of debt right there's no clear answer right so you know in the past it was sort of well foreigners are going to reinvest all the money that they're making on on trade they're going to reinvest in our debt

41:02well they stop doing that right so that's not that's not a solution anymore right so I think that's kind of where we are you know with with the debt is just you know there really is no good way to get to to find buyer for this debt other than to move it into the move it into the short term run the economy hot which is kind of what Trump wants to do right he wants to he wants to he wants to lower interest rates run the economy hot just you know talk down inflation or put laws against egg prices or whatever whatever the because I do is right to combat inflation but he just wants lower short term interest rates and not to worry about inflation and that'll kind of get the you know the deficit down but like you know there's no good solution I just don't see any solution to this problem and it's just going to get much much worse over the next five years much

42:04worse agreed you're describing a rock in a hard place right it's yeah that's the question I think that's for us Bitcoiners you know look you know Mars bars Mars bits bars said it really well it's like you don't have to be a complete doomer to buy Bitcoin right you can just sort of say well the status quo is pretty bad already maybe it's going to get worse you know maybe they're going to inflate even more but I also said as kind of I was talking with parents yesterday like there's a non zero chance you know not not even non zero there's there's a there's a real chance that we have a GFC type event in the next five years that that is subordered it's a real chance you know and you know while I don't think we have to bet on that I think we can we can talk about that and we should realize that and you know Groman you know you can say what you like about Groman but you know he had a pretty interesting video he said look I had some really good friends from just moved there

43:06from the Ukraine and he said in Ukraine basically they declared a bank holiday kind of like Rose belt did in 1932 said there's going to be a bank holiday back to her going to be closed for two weeks and then when you oh come back into here by you know you used to have you know 20 years worth of savings now you have enough money for a call you know they mean and you know they're going to do they could do something really dramatic here and you know we're seeing that the Ursula vom laden from the you know from the the EU is now talking about not outright confiscation of people's savings but you know it's kind of going in that direction right so you know the idea that there is going to be some massive events some massive region and some massive response which may not just be we're going to print money and everybody is going to make money on the stock market it might involve even something more in the fairies I think it's possible yeah crazy

44:08times ahead for sure Michael go ahead and then T. Co's hand is up yeah no I never thought we'd be in a world where we came out of an administration divided an administration that ushered in operation choke point 2.0 with Kamala Harris's vice president had to lose in court on an ETF battle to get a Bitcoin ETF proposed stopping AI development and trying to centralize it into the government being in control and saying that the bullish case would be that Kamala Harris over Trump I understand that a bear market can cause people's emotions to change about sort of who's in power but in my opinion the only thing the Trump administration has messed up on is some of these foreign conflicts but when it comes down to the cryptocurrency market and AI market I mean it's thousands of times better than what it was under the Biden and Kamala administration and if Kamala was president I'm sure Elizabeth Warren would be doing everything in her power to take this

45:09industry back four to five years and completely shut down all the progress we've made under the Trump administration so I agree that said that the price of Bitcoin would have been higher yeah yeah so you have to understand that the price of Bitcoin on any given day or any given term isn't solely defined by the policies being put in place or who's in power yeah so I mean to you are you really sad that because of Trump's policies that the Bitcoin Fred said because Kamala would not have done Trump's crazy policies that the Bitcoin price would have been higher that's what Fred said what do you think about that you disagree with that? I think the structural changes that have flown into the cryptocurrency market being the capability of being able to interact with the banking institution without fear of repercussion I think things like the Genius Act and soon the Clarity Act are massive structural advantages for this industry that would have been fought against and probably

46:13worse case scenario is trying to be put in place by someone like the Kamala administration I'm curious what I agree with you I'm curious what Bruce Benson thinks because he's he's no fan of from Bruce have you been listening along here because we're curious I'm curious as well what are your thoughts? sure I damn it Bruce got a call we can't hear you Bruce did you guys get G money off the stage or did you leave? Tiffany is the we call her the the hammer so he's requesting it's just we don't have a room so we're trying to what you get me off but G money on stage if you wish hang on I'm trying to get Bruce back up we're trying to get Bruce so hey should we have should we go to Tico while we're waiting for Bruce Tico go ahead? British Kamala would have been much worse the actual message on the media wouldn't be so amplified so it's really the the hysteria of the

47:17media that creates the sort of the the measurement of worse but Kamala would have been much worse yes Bitcoin's gonna hit an all-time high and everyone's gonna be calling Trump the best president to ever happen for crypto price determines emotion and this is gonna be a perfect example of it we hear you Bruce he doesn't say I'm Fred's wrong oh you can't even have okay think we got Bruce back yeah go ahead Bruce yeah Bruce we got here cool thanks yeah I voted for Trump I donated 60 grand to him I was you know a bit of a reluctant supporter he wasn't my first or even third choice but I figured he'd be a lot better than Kamala but I you know I'm deeply disappointed with him I think you know he kind of rugged his base he did do some good things with with with you know he's certainly better most likely better with crypto than Harris would have been is it just me or is the three-letter agencies no after brisk people need to learn how to use

48:21airplane and fly fire now man this three-letter agencies they want to they want to muzzle them that's what it's all about Fred set up yesterday was better than this yeah he got a little cock-eyed there at the end yeah I mean look I feel like people forget but Eric Trump literally runs a Bitcoin company American BTC like yeah prices you know obviously Iran I think was a little bit of a mist up you know I think it remains to be seen whether that's a net positive because it took the option of street closure from theoretical to actualize so I'm not sure if we come out net positive on that but yeah in terms of like Bitcoin and belief in Bitcoin and at least non-hostility I think people forget that like Warren and Co like it's possible that that Elizabeth Warren might have had Kamala's ear re crypto in Bitcoin and like she's actively hostile like Trump is I would say passively pro

49:24it's a possibility that Kamala would have been actively hostile so I'm not sure at least from a Bitcoin bag's perspective she would have been better at all screw mo all right pretty she want to try one more time third time third time charm yeah crazy yeah you know Trump some of Trump's positive things are also canceled out a bit by his gift you know this should have been a bipartisan thing but it's become a Republican versus Democrat thing because the Democrats view crypto as a grip even on the retail level you know so I went to I was I was at a protest and I saw some or I was walking by a protest and I saw somebody with an anti Bitcoin sign you know they were like an anti Trump protest like one of these no kings things and somebody had an unfortunately wouldn't talk to me I wanted to I wanted to interview them and talk to them most curious what they were thinking but yeah I mean I I think that you know his grifting with those I mean those none of us would ever forgive anybody else who had a coin like that you you could be the most loved person

50:27in Bitcoin and if you can I mean imagine if sailor what it was married and came out with a coin for him and then a coin for his wife like it wouldn't matter how popular you were you would be just universally despised but Trump got a bit of a pass because he's Trump and you know with that I think I think that canceled out a lot of his good you know because it does create a negative perception a lot of people who aren't familiar think it's scammy that's sort of their problem like they they're not learning the truth but it it also creates more adversarial regulatory you know people trying to try to me I'm not a big fan of clarity act anyway but part of the reason it's been delayed is because democrats view it as you know furthering grift more so so I think that's another negative and I agree with I forget who was earlier said you know his foreign policy has been the biggest disaster I think that you know these forever wars you know he kind of ran on a policy against that those are you know just very economically damaging so you know I think it's it's unfortunate but but you know sort of the lesser of two evils I'm not convinced anything

51:29else would be any better unfortunately does anybody actually oh sorry good take over you're up I think the peace dividend is real and that's why it's being considered because Trump needs something very big in order to get the election to move his way and let's be honest it's the Iran more that's made everything more expensive and more volatile in my opinion if he comes out and he says I'm withdrawing and I'm removing the funding for all of this ridiculousness in my opinion that's ways the voters and peace equals prosperity and that's what everybody's looking for all right you beautiful bitches you're about me ready for you guys to fuck you up with some truth we're ready to do this jade la happy friday get your shot boss is ready folks get the shots ready get the tequila ready g-money's in here thank you british for pulling up the signal

52:31but um you know guys let's let's just take a step back okay and realize that we're in a situation that has never happened before right like all of our politicians or horse of central bankers we've never had and we've had a couple presidents JFK Ronald Reagan that have attempted to fight the bankers and of course the powers that be right have assassinated them controlled them and done things at our dismay and so this battle has been raging for a hundred years okay so you guys are all zoomed in on politics like politics politics is faking gay your vote never mattered if you can't verify your vote and see it on a fricking transparent ledger like your vote is faking gay so the midterms don't matter congress doesn't matter like this is all being handled at a very high level to basically install the the plumbing and the bumpers to move civilization into a bitcoin standard right there's a reason donald j trump put up andrew jackson in the oval office three days into his first

53:32term okay andrew jackson of course destroyed the second central bank of the united states and i think kimala would have been any better or any of this stuff you know the democrats with anti crypto army like let's be honest the democrats are bigger hores of the central bank than the republicans the republicans are still hores but the democrats are the biggest hores you can see that through their relationships with the banking industry and the crypto army from elisabeth war and and all this other shit but like trump is is culturally bringing about crypto adoption through ruggals right essentially right because the biggest crypt ever has been the creation of money out of nothing and the entire population of the world knows nothing about finances no nothing about money and so trump is casting the widest net possible to onboard the most folks possible so that eventually right some of them will get a little bit of bitcoin and they'll figure it out but a lot of us here did not get into bitcoin originally as bitcoin maxis we bought some shit coins

54:35we were all here for number go up a lot of us got into this for that exact reason and bring an attention to getting rug pulled quicker on a trump mean coin is probably better than slowly stealing from you over 50 or 100 years not realizing you're being stolen from okay and so i think this is a wake up call this is the great awakening bitcoin is the great awakening the people are waking up and the the rails are being installed through the clarity act or the genius act the injection of bitcoin is being done in a roundabout way you're not going to just inject bitcoin maximalism so many bitcoin is are angry trump hasn't done the strategic reserve and it's not a maximalist but at the end of the day like bitcoin is anti-fragile and no other crypto is going to beat bitcoin and so when you put in stable coins when you put in the shit coins like xrp and all this other shit it doesn't matter bitcoin is ultimately going to win that battle it's already won right and so this is just the transition we're going to hyper dollarization through hyper stable coinization which leads to hyper

55:38bitcoinization and then hyper americanization you're welcome look at the optimistic side and have a great friend g-money is the public mind for trump yeah that's what g stands for government money wow that's crazy yeah well little does he know that uh terrence is actually one quarter fake and three quarters gay so and i'm jacks yep facts i don't know where to go with that suck the the wind right out of the room g-money yep every time does anybody actually know like who was behind the trump coin because like i feel like when i was hearing trump talk about her get asked questions about it it almost sounded like somebody did it under his nose wasn't it wasn't it barren and then they were he was just trying to use his name for it was that it i thought it was barren i thought he was the crypto guy who who uh educated the whole

56:38family on what crypto was and they also saw an opportunity because there was a window bruce would know more about this but there was like a window where they could do this without any type of regulation or oversight yeah because wasn't it like just when he got in or was it even was it before is an iteration or right after yeah after he was but when you're once your president you have all these conflict of interest checks and stuff and certain things that you're needed to do business-wise but right after he was elected but before he became president it was when they issued it so he had this window of opportunity where he wasn't governed by those rules and uh it's not really clear but the rumor is that it was it was kind of driven by barren and uh you know some some various characters sort of surrounding him and there's different conflicting stories about who kind of pushed it and who was against it you know there's a couple people in the crypto space who said that they warned barren not to do it and uh and whatever it just kind of took on a life of its own and then and then they realized they made a bunch of money so then I think it became

57:38more official and then they're like oh this is you know who cares with the rug pull if it's a bunch of money let's do it you know it seems to be basically what happened interesting technical politician all of them do it it's insanity the gift with Trump I think is particularly it's and it's unfortunate because it's like the guy has a lot already and you know he had a good mandate and and he did have this broad coalition and it seems particularly a shame like why would you use that great opportunity when you're in your late 70s to just grift and grift so blatantly I mean it's really easy to make you know 1500 a couple hundred million especially with Trump he could make a couple billion legit but to have like this very blatant you know there's a lot of blatant pay to play stuff and there's you know just blatant grifts like this like you know some of these coins and stuff that's that's unfortunate it's just another flaw in his sort of personality and judgment that I think is just such a squandered opportunity through your 100% right I completely disagree with what G money

58:41was saying I mean it's actually kind of funny when G money said in a way because I mean think about what he was saying you know we're basically Trump has accelerated the fiat process like to to uncover that there are money is just fake and gain all this kind of stuff that I mean it really G money I thought it was kind of hilarious what you were saying I mean guys you got to think about this Trump was a for for the longest part of his life he was a Democrat now he's a Republican right he he changed clothes and now he's a Republican and you know he's never been a politician in the first place bro what are you talking about I think let me let me just this I think that the the whole thing with this excusing him for his mean coins I think I agree with Fred I think Kamala Harris would have done a met way better job the fact that Trump did what he did set the whole listen set precedent going forward this is going to be really really bad for crypto at large going forward with the next administration this is not going to be forgiven I mean what Trump is the ultimate grifter the problem with Trump is he promises everything to everybody he's a transaction

59:44guy right he wants to make promises to everybody the problem the problem with that is as you guys know if you're an adult you can't promise everybody everything all the time but this is what Trump does and so you're not gonna care about anyone for her you're gonna have a group of people that are unhappy you're gonna have a group of people that are happy and unfortunately you're gonna have a lot more unhappy people than you have happy people because a lot of people are just absolutely getting fucked by his administration so what he did with his launching of his own coins and what is you know the other members of his cabinet have done I mean this is inexcusable and I think Fred is right I think this this is set back crypto and Bitcoin at large a law you know many many years you know I mean this is this is horrible what's happened you know and to me I think the idea that like Trump I mean it's ridiculous I think the idea that like all these random guys let me just finish saying this if you think about what Bitcoin did during Biden's administration you guys forget that Biden came into office in January of 2021 Bitcoin rallied to

1:00:45what 60,000 made an old time UI during Biden's administration came off and then made another new high during Biden's administration so Biden's administration wasn't bad for Bitcoin okay so this idea that Trump is great for Bitcoin is fucking nonsense he's the ultimate grifter I mean this is going to be you're gonna look back three four years from now and by the way the ETF happened under Biden exactly exactly so this idea that Biden and Kamala would have been bad is nonsense listen this sausage was being made in DC for for a long long time it takes a long time to get things absolutely right so everybody's happy he comes along and says fuck it all I want to be happy a certain group of people are gonna be happy make a lot of money everybody else is gonna get fucked and that's exactly what happened the people in the sausage administration was fighting the ETF right they literally lost in the sausage exactly they they lost in court and that's what got it but the administration was trying to prevent the Bitcoin ETF that's what I'm saying we got to be able to distinguish between

1:01:46active hostility and kind of these happy accidents the democrats were hostile through publicans even if they're grifting and I agree they are with the Trump was a mistake I mean you guys really think that the Trump family or anybody around it is really truly believes in the purpose of Bitcoin I'm not saying I'm not saying it they're maximalist but I'm saying that I'm saying that they see that yeah they see their choice to make money but that benefits us as Bitcoin holders that's different than active hostility so you're a Bitcoin holder why would you want active hostility versus you are selling your soul for a little bit of upside potential with the downside being that the whole thing gets derailed at some point in the future I don't think allowing this kind of grip is good for crypto at large you think the democratic administration even one that's even revenge against Trump could derail Bitcoin at a stage I think there's gonna be a lot of problems going forward because of exactly what Trump with Bitcoin specifically or with the larger crypto market that's out and fuck about the larger crypto market but by the way for the Bitcoiners right for people that are in Bitcoin have been for a long time this is a travesty what has

1:02:47happened over the last several years now is a travesty it's horrible now notwithstanding the move to 120 okay which was a gigantic fucking narrative driven pump because he promised again he's a transaction guy promised us everything promised the world everything we're gonna do this this this and the guy is just a complete he's a Trump derangement syndrome is alive and well so I infested domesticated the Trump derangement whatever the Trump side you're too much on the Trump side it's a voting pay your taxes you probably got triple bags I voted for him in 2016 and literally just your looking at stuff for people you're on on literally nothing he ran on in 2016 he accomplished he actually did the opposite because you're looking at it from a few lands you can't look at it if he outlands and a political world and then turns around and fucks you that's what he does I don't think anyone reminds me of one of my ex-wives I don't think anyone's making the argument that

1:03:48Trump's been perfect for the cryptocurrency industry but you need to understand we went through a period under the Biden administration where the president will be held on hey hang on here let me go let's do it yeah the hairs on the soapbox here let's give it to yeah go ahead Michael we came out of administration where they were actively trying to debank the entire industry and essentially make any kind of operation in this industry illegal fought ETFs so look I think everyone can agree what Trump did was a massive grift but I think we're probably well past it I mean the vast majority of people who participated were people who were going to participate in all these things that are already happening in the ecosystem it's all people who are already on board in the salana the idea that the year after the norm he was jumping in but think about this the the ETF process was being already worked on under Biden's administration was already in the process they fought against it oh ironing out all the in listen they walked the case already yeah listen this was already being worked on the idea that Biden and Kamala were what have been worse is crazy I think you're not you're not going far back though hold on a second you're

1:04:50not going far about okay because in Trump's first term okay when COVID happened right what happened was Trump put the Federal Reserve under the Treasury through the exchange stabilization fund okay so if you go back and do a little history you'll realize that Steve Mnuchin and Donald Trump put Brian Brooks as the head of the OCC what is the OCC the office of the Comptroller of the currency who is Brian Brooks he was the chief legal officer for coin base okay this happened in 2017 you guys which happened to install the Bitcoin rails back in 2017 go look it up okay Trump loved that Brian Brooks did such a good job that he wanted to hire him as the director for a full term but the Senate Democrats blocked his nomination and he never got hired so if you go back into history

1:05:51and you stop being emotional about everything and you follow the connecting dots you'll see that this plan was being implemented a lot farther back because what do we have now we have the Treasury Secretary leading monetary policy right why is that well because the Fed is now wrapped under the Treasury under the exchange stabilization fund how do we know that is because they're using that vehicle to offer a swap line for the Japanese yet okay which is stabilizing their their mess over there so that we bring about this transition and so look at structurally what happened before all this happened you can argue about the wars and all this other stuff but in reality this entire plan was being implemented very thoughtfully in a military planning type of way okay so go look at it wasn't the fact or was it Trump it was already listen it was the it was the ecosystem it was the industry regardless of who was an honest look up Steve Michigan Brian Brooks we can look

1:06:51at Steve National right there doesn't matter who was in office what ended up happening was Trump looked at it as an opportunity and he ran with it he's like listen oh I can get into the script of stuff and I can make a lot of money and it's there's no regulatory you know regime around it at the moment we can kind of mold it the way I want it no one's going to prosecute me for doing this is what happened he saw an opportunity he ran with it made a ton of money and made the whole industry look like a bunch of fucking idiots OCC stands for Orange County choppers let's go to Tico before the iran war the price of diesel average was three dollars now it's almost six if I'm towing 80,000 pounds of sulfuric acid back and forth from the copper mine and I'm doing 60 of those a day right at the end of the day the costs associated with that exercise have an effect on the prices of the commodity so I would suggest peace is the way to lower prices and more stability war

1:07:56is the way to limited supply high prices and major volatility for sure I think dark was pointing that out yesterday when it comes to agriculture mining etc how these prices are going to really well and imagine that Lauren you're you're the owner of a trucking company right every how do you know because you're wealthy I'm surprised Terrence isn't until you ride right now to be honest but if you're the owner of a trucking company and the cost of your fuel goes up at that rate you have no choice but to pass that cost along the question is why did the rising cost occur it is absolutely for the reasons of whether it's policy whether you like it or not he chose to go to war that made everything more volatile and more expensive they did it in Ukraine as well because at the end of the day they capitalize on the war premium while everybody else gets to suck it up with higher price and he listen to you are absolutely right I mean think about it what I said earlier he's a

1:08:57transaction guy he makes a lot of promises to a lot of different people there are a lot of people out there that wanted to support Ukraine there are a lot of people that wanted to go to war with Iran there are a lot more people that did not but what he does he's a guy who likes to barter what can I get what can I get from the from what's the most that can get from the fewest amount of people right and and so he makes all these promises and then he sits down and says where can I make some money where can I cut some deals with some really powerful people and you know what he ran on no no new wars and we have new wars I mean look I can't really I'm feeling really light headed because I think bohare is using all the oxygen in this room go ahead Fred no I just think look at the end of the day Trump Trump's tariffs have been terrible his wars have been terrible he's been terrible for the bond market his big beautiful bill is an atrocity you know we were supposed to get go's we didn't get anything close to do's and he's a gripper you know so like he doesn't have a

1:09:58lot to recommend it sounds like you just described yourself Fred to be honest great you know let's just focus on on Trump that was funny not on your gay comments okay you know what we had the option Fred you've got the Karen haircut that goes around grifting salonacoynes and selling fucking stupid shit on the internet to grift off of your crowd when all you care about is followers and likes and you know you are a team on your grifter without me you know he likes to maybe maybe we try to be nice to each other okay I'm just and you're promoting Pepe yeah yeah guys out I had something really genius to say and the those shrewd comments just struck it from my dwindling pee brain so I'll say it a president of the United States coming out with a coin called world liberty coin is very confused there's a bunch of bullshit a lot of people someone who geniusly I will say makes a coin that's called stupid that you have to go to a place

1:11:01called pump.fun as a casino we all like to gamble we all want to be degenerate and have fun that's literally what he did he'd read literally trolled the crypto bros by calling it stupid where you have to go what I was gonna say again let's get into the stupid one well my point is that my point is that it's very different than a president like the and and and Terence listen they're like to get out here hey oh here hang on one second one thing I'd like to point out you know we're all defending the cryptocurrency industry I don't think the cryptocurrency industry really has has done much for anybody agreed yeah and so you know I don't think us bit pointers we should be that concerned about the cryptocurrency industry and world liberty financial and and all this other stuff I don't care about it like to me if the you know they shut it down it wouldn't be the end of the world totally agree the problem is they'll think on it what here I remember what I was gonna say so yeah only a thing I would say I think at the end of the day you have to ask yourself what and so nothing that Trump or Kamala's doing is really gonna affect

1:12:06Bitcoin that much but I do think that the you know Trump can have a very big impact on the economy on the world and I think that's what I don't like yes I probably think so I'm I'm anti what he's done you know Ron the big beautiful bill that tariffs all this stuff all to me is a big disaster I think marginally probably he's been negative for Bitcoin because of the grip thing he's actually what Bruce said look I think that you know people are a lot of people are throwing Bitcoin in the same bucket now as world liberty financial and they're they're staying away from it for that reason so I would say unmargin it would be a little bit higher under Kamala not massively higher but a little bit higher over Kamala and so you know I'm not I don't want to make this about an apology about Kamala together yeah yeah but you know what I was gonna say Fred was it's it's a sad state I'm just stating the obvious which is it's a sad state of affairs

1:13:11when we live in an era where you basically have to choose between you know the lesser of two evils you want to get shot to death or do you want to get stabbed to death and arguably I think Michael and others have raised good points and when I zoom out it to me it's obvious that Kamala would have been a far worse choice but then again I'm trying to look at everything through the lens of Bitcoin so yeah now it's it's sad because it seems like you know public service isn't one you know what it once was where you actually do care about the the populace the masses and then in these cases people are very egotistical and care more about themselves and about being opportunists like a lot of you are pointing out so it's really sad and I you know disappointed in that aspect of Trumpi you know what what one of the things to keep in mind too somebody pointed out that the Trump family is involved in Bitcoin that's through their ventures and so there is this overlap between shit coinery and grifting off of shit coins and making billions of dollars runging people the very

1:14:13people that voted for him and an overlap with Bitcoin so the vast majority of Americans just aren't adopting this because they look at it they don't understand it you know most people just don't understand crypto or Bitcoin and so what they do is they're going to lump it together saying well look Trump's kids are involved with Bitcoin and Trump was involved in Melania and and Trump coin that you know made billions of dollars for the family and everybody lost all this money so the problem is the melding of the two you can't separate those now the fact of the matter is he is he has literally been the worst possible person for the industry period full stop you know this should not have been allowed and it's not lost on anybody or it shouldn't be that he launched these coins literally three days the weekend before he got inaugurated he would not have been able to do this while he was president so he had really good the people around him by the way are a consummate grifters themselves so they allowed this to happen three days before he actually became president here it's also like selling access to his exactly that's correct yes he was like he and it's just one thing I've exactly the private jet you know it's just it's just and by the way you get roasted by a

1:15:19lot of people for some of the things you're you've done and been doing and you know I don't give two flux about that you know why because you're not running the country you're just one little tiny ant in the great scheme of things this guy's running the entire fucking system okay there's a huge difference between what certain people on this app and in the ecosystem are doing and what the president of the United States is doing those two need to be separated yeah let me just interject with red I mean from a big point perspective right I get that among the plants right among the women you know they cannot distinguish performing right these are my trunk line my laundry plant grown limited at bay don't do whatever that's all one thing right but sophisticated people right the capital allocator executives at the major institutions they're going to be able to parse that distinction very few things right and those people are going to be pushing big points forward and pushing you know the dollar price of big points much higher over the next few years but when we get to get too concerned about these associations

1:16:22at the layman you make I only put so much stock in it because I was living in a big point bar right and not everybody knows in the big point bar was a big planner but you know obviously having a big client came up and she said like oh like big point that doesn't have to doesn't that have something to do with being stopped right so in some people's kind of worldview the association between a big point is still just in the mean stock rallies of the over-area so people literally think that there's some sort of association between big and game back and see because that's how logos are moving so you know yes I get the contagion the association kind of you know negative personalities but the serious people can make this thing stay on the road house stay on the road yeah I hear the horn it's good to mechle this is terrible audio house yeah just real quick I mean if you ask anyone and I'm just going to say the big point industry right I'm not being this at the crypto industry if you ask anyone who's actually running a regulated business in the

1:17:23crypto in the big point industry they would tell you that they are feeling much more comfortable being on shore under the Trump administration then they were under the Biden and Kamala administration administration it's not even close right like people who aren't inside the crypto industry like they don't see that piece of it but it's been a massive and I'm talking massive blessing for the Bitcoin industry to feel as if they are not being persecuted in the United States under the administration and the other thing too people need to realize like we don't even have like federal clarity yet even on what Bitcoin is it's generally accepted right that bit but do we need federal no nickel do you don't need it but it's super helpful when you're a regulated institution and you know the exact legal definition of the asset that you want to work with okay so you're talking big Bitcoin now this whole big Bitcoin thing is silly by the way guys I just want to point out that that Michael doesn't like Bitcoin he's an extra you know hair is actually not a Bitcoin

1:18:24or either so the two guys that are talking are not even Bitcoiners Michael is an XRP stop talking about people too money why don't you try to try to make it money we all know this the michael's been in for like two years so yeah the arguments weak you can try to attack people but if you have a strong argument you can make it yeah michael got attacked yesterday we brought it out let me let me just let me just let me finish yeah just finishing it off like look clarity and not aggression right as people are putting it before is massive and there's going to be a whole bunch of Bitcoin adjacent companies that are now able to flourish in the United States especially on the onset of clarity the whole goal of the Biden administration was the cut off the entire banking industry from even being able to touch Bitcoin all the on and off ramps they were trying to absolutely destroy that's what operation choke point 2.0 was and they fought these battles in court there's court cases against Bitcoin companies so just go ask right rather

1:19:27than debating it go ask people who are prominent in the Bitcoin industry who have to deal under regulations like money transmitter and banking rules and ask them if they think it's better under the Trump administration or the Biden administration because I guarantee you nine out of 10 will overwhelmingly say that the Trump grift is nothing in comparison to being debanked in having lawsuits trying to shut down their companies but so michael do you think that what so how do you square those two thoughts because in my opinion is that what has happened over the last two and a half years now with with the ushering of his second term and the launching of the meanquins and the whole administration grifting around crypto and and all this kind of stuff you think this is not set back the industry because my my view is I think over the long run I agree with Fred here I think over the next decade or two it's not going to matter it's going to be a you know a small little blit but over the next five to 10 years this is set the industry back what Trump has done I don't think is positive for the industry going forward over the next three to five years I think it's set us

1:20:29back big time yeah no I'll put it this way right like you had one administration that was actually trying to shoot you in the head and kill you and now you have an administration that's doing a whole bunch of dumb stuff that I think a lot of people don't disagree with it's fair it's not I think it's fair to characterize they were they weren't trying to kill the industry obviously this was a small movie no no no I think you got it wrong the sausage was being made it's just a very slow you know very slow process and people don't want slowly want things to happen no no they were actively debanking it they're actively debanking right there were some people getting yes no no no it was it it was absolutely an active effort because it was being run by Elizabeth Warren who was ushering in the vast majority of the policy well there were a lot of different listen there were a lot of spokes in this wheel she was one of them there were a lot of people on the other side of her the most powerful well I wouldn't say the by far the most powerful no look look at the as someone who's right as someone who's watched this extremely closely I agree with you oh hair like did

1:21:32the Trump administration do dumb things that set us back relative to where he was taking us absolutely so where the thing with Warren and what Trump has done is that positive we did she's these people on the very far left including Warren they're going to take this and run with the in the next administration and make things even worse that's the problem yeah I just fundamentally dislike if we get clarity in the United States right if we have an actual clarity bill proposed plus the genius act what's the amount of build out that's been happening in the United States it's just hard to take a lot of these things net backwards I think operation 2.0 being exposed was huge for people to see in the public eye that this was happening and Democrats got a huge black eye for it I mean they suffered a massive black eye for what they did to the crypto industry in the Bitcoin industry and I think a lot of it's been pushed forward to the point where it's hard to come back from when the SEC lost the case to grayscale and the first Bitcoin ETF started to be approved it kind of set off a motion that was hard to be turned around right and you was it who was the who was running the country at that time what administration uh the Biden

1:22:36administration was the one doing the two in grayscale to prevent the ETF from coming online and then they lost and ultimately uh the courts decided that the ETF uh should be allowed so if I didn't say it was actively saying about the sausage being made you may not have liked the process but it was being that the process was going and moving along the problem is the process now is going to be completely opposite of what your expectations are I'm telling you right now if Fred is right you'll have a blue wave forget about it yeah but this is going to set up a good sausage but I take you as someone right because I've heard you speak in a lot of these rooms I mean you've been anti Bitcoin for a very long time so you've been wrong on the Bitcoin thing that I don't think you have a slight and either guy I'm going to be wrong now like I think you'll have been listening to right because I have not been anti Bitcoin what I've been anti is the narratives around the whole system the whole ecosystem I've not been negative of a unbite coin so you haven't been listening to you guys on Bitcoin hair oh hair do you own Bitcoin look I I here's the way I'm gonna I'm gonna respond like I do every time it doesn't matter whether I own Bitcoin or I don't own Bitcoin if I

1:23:40told you I own Bitcoin is it gonna change anything if I told you I don't want Bitcoin I lost I lost the rest of the cold card next to the go ahead Fred Trump derangement syndrome tomorrow the Trump derangement syndrome is the people that are on Trump side those are the ones that have the derangement Fred you were gonna chime in here go ahead then we'll go to some hands I just would say oh to oh hair thing it does matter if you own Bitcoin I think you know I think you're on a Bitcoin space and you don't own Bitcoin you should disclose well listen my yeah yeah I don't think you should disclose anything you know my view on this I think the fact that people lock on here and talk about how much Bitcoin they own most people don't own any Bitcoin or if they do it's it's insignificant six inches it's literally in six inches of Bitcoin you own six inches there yeah everybody's got eight inches of Bitcoin right so the point the point is whether I own Bitcoin or I don't own Bitcoin there's nobody's business it's not of anybody's and it's not I did own Bitcoin and I lost the first half in a boating accident and unfortunately the last half in a cold card incident what about me do you we still love me this fascination with

1:24:49people like what how much do you own it's irrelevant guys michael do you own Bitcoin of course I own Bitcoin yeah see and I've been right about my investment in Bitcoin for a very long time I think if one of the people who got it wrong the entire time with me I have no problem with people telling you they own Bitcoin that's fantastic I'm a fed I'm keeping I'm keeping track of everybody that owns Bitcoin because we're going to be knocking on your doors later so keep your cold card safe kids Tiko you had your hand up go ahead uh Lauren it's it certainly shows what skin in the game looks like and how skin in the game yes sir yes hopefully whether it's uncircumcizer circumcizer all welcome in the well well where are you going what is going on where not this is a family show what is scientists have to do with this man think about what you're saying what think about what you're saying it shows it you're saying it's not worth it I know you're posting your my poor skinbacks unless you're posting your keys in your wallets if it's on or you're posting your

1:25:50statements for my debt no one get no one knows everybody laughs about what they own what they don't own you guys all talk about only Bitcoin show it put it in the nest what posted I'm a grower not a sure hey we were on Tiko let's go back to Tiko Tiko finish your point and then we have Bruce is next so yeah thanks thanks oh here Tiko and then Bruce I think oh here I think oh here just made his point to all of us which is if you don't have skin in the game then you obviously are taking a different perspective and approach hey there might be value in that oh here I would suggest there's value in everything right but to suggest that others would take that point of view for lack of a better term and then deploy it and apply it in their own world when they believe and want to invest in Bitcoin based on past performance in my opinion I'll go with them well well here so oh here hang on we got we only have half an hour left in in the space today so we're we want to try to get as many people in to speak as possible and I want to hear from Joe but we do have a

1:26:52couple hands Bruce is next then dark and then I would love to hear from Joe go ahead Bruce yeah you know one game theory thing that I think people don't think of you know I definitely you know think that I agree that Elizabeth Warren was sort of the shadow president of the economy and they were actively trying to crush this technology but you know game theory it's a it's a it's a global industry and and the world is a big place you know the US does not have the economic power to totally dictate the world so we could have had a scenario where yes Kamala got in office and yes they did all kinds of stupid tyrannical nanny state centralized planning commie style nonsense and crushed our industry temporarily in the US but that just drove people to more VPNs more privacy more jumping off the system more working globally and even further accelerated the the places that are pro capitalism pro innovation in Abu Dhabi Singapore Hong Kong and all are all across the world in Africa and and

1:27:53we could have ended up it being stronger because there is there is some drawback also of this sort of institutionalization with clarity and black rock and all of this you know it's it's sort of progress and it helps some of the big companies but it's also centralization and and theoretical to the original purpose of this whole technology which is to get off of the system you know you know who cares if they if they crush our banking relationships we should have our own bank and make something that's separate from that and what do we have you know the glow the rest of the glow moves forward with it yeah maybe we could have had one painful period for Americans but maybe the technology itself might have been you know further on I think that's just the point that a lot of people haven't thought of dark you're up 100% Bruce and you know look you know good listening to this and it's painful to listen to people who think politics are just black and white it's either evil or it's fantastic right and that's just not the case in my personal opinion there's good there's bad there's ugly

1:28:57there's a lot going on that I really hate and there's other shit going on that I think you know as a market marketable positive but like you know again when when you come up hearing just go full on black and white and there's no there's no middle ground man that that should have your antenna up because there's a lot of middle ground right like you know to to to G-Money's point the Andrew Jackson stuff that's real right like we've heard that over and over again you know where is that going I'm not sure there certainly is a battle between the fed and the treasury right like maybe this does play out well I just don't know right certainly the foreign policy stuff I don't get it I think it's awful and you know I one of the reasons I voted for Trump was no more foreign worst but again you know there's good there's bad and there's ugly and that's probably true with no matter who you put in office so I just try to stay centered in this stuff and not become an extremist

1:29:58Sharon yeah so back to the conversation the broader US macro conversation and the current administration and pro crypto against crypto all that I am waiting for this current administration to actually prove themselves and for for me that proof is so so bitcoin needs a proven and experienced yield curve of itself in order to demonstrate its utility as collateral and the the other aspects of it and with what we're facing the largest thing that most people spend most of their time bringing their hands about in the US economy it's either who is buying our debt or who is buying our goods well we can use bitcoin to pretty up our debt and instead of a coupon only we can

1:31:00we can I would love to say the administration reduce the rate slightly on the coupon piece but mix in upside to bitcoin and I think that would induce the younger generation the emerging markets and other foreign entities to come back around and increase an appetite for for your US debt it's about one to two trillion a year so at a five percent or a 10 percent of that in bitcoin think of how much bitcoin be locked up in durations five years and longer I don't know if it'll work for two to five but ten and longer it'll definitely work yeah Sharon to that point like we've been talking about bit bonds up here for a long time you know I think you're onto something there

1:32:04well that yeah but this wouldn't be like pure bit bonds like what clean spark was doing and the like that would use the bitcoin bitcoin as pure collateral this is more of a sweetener you utilizing bitcoin as an enhancement or a sweetener in the terms in order to discount the coupon yeah that's the good fun we were talking about yeah um I think Sharon I think I think the Chinese and the Russians are probably gonna already do that but they're gonna do that with gold and this is this is what you're talking about is going back onto with some kind of a fixed standard like gold or bitcoin in this case what you're suggesting I doubt that that's that's gonna happen I think we're very very very far from that no I'm not saying going going back on the standard I am saying restructure the coupon situation so that there is um uh shared variable upside yield by the participants you know you uh you're right Sharon I don't want to say leveraging but but but embracing the fixed supply

1:33:07asset attribute of bitcoin and how miniscule it is but Sharon Sharon Sharon if people Sharon if people aren't buying our debt because they don't trust us because the coupons too low then sweetening it with bitcoin or anything else that's the whole point that I I would say I take the opposite because it's it's not a US only asset yeah the problem with that there's a lot of unintended consequences to the bitbond thesis right so a sweetening a bond issue with bitcoin and then having that work out so that let's say you know the the buyers ends up with a 10% yield think about what that does to the free cost of money what does it do to the mortgage market what does it do across you know the other bond markets corporate bond markets agency bonds it solves a lot of things for the mortgage market absolutely but that's you think they're pointing a different structure than what I'm suggesting yeah the the point is that if the free cost of money goes to 10 11% because the bitbond works then that doesn't solve

1:34:11anything look I'm a huge fan of it I'm just pointing out that you know you have to think second third order effects and I think that's why they're afraid whether it's adding bitcoin as a sweet note gold issue could you could you step through that a little bit more about at what's the duration or what's the timeline that you believe it would drive the the cost significantly so let's let's say it takes a four four and a half down to a 3.75 with you know some sort of leave a bitcoin in there with an upside at the yeah this was the proposal made by new markets right it was like 10% at 10% Bitcoin to a bond issue instead of borrowing at 4% you bond borrow at 1% and then you spend right but I think that's severe it's too severe with this count but yeah but regardless of the whole idea of asset-backed bond you know the whole idea is that whatever listen if you're having to sweeten the bonds what are the bonds worth it to begin with I mean that's my point

1:35:11have asset-backed bonds some kind of a centralized bond or you don't or you're just counting the or you're discounting the coupon and you're making well it's just getting the coupon as a kind of for to pay the coupon right no you're you're switching it up it's partial fix it's part it's partial seven it's partial bear I don't yeah I don't think listen especially with something like Bitcoin I don't think it's gonna work yeah look it can work oh here the as you point out though you what what what happened is that the demand for for regular bonds like it's almost like you can't go partially can't be partially pregnant on this one you either got to go all in and and and change the way that's works that's right because if it started if let's say let's say you let's look if it works or you become a victim of the odds to get out of everything else right there you go yeah and the yields will spike and then you're going back you're back to the drawing board again so you know you fix one problem but create a bunch of others after after how much volume after how

1:36:11much liquid if if you did two trillion dollars worth of bit bonds and they worked as I suspect they would because remember that you're what you're doing when you do that that bit bond you know you're putting a lot of money in Bitcoin and you're sequestering it for 10 years right so it's being bought and then it's being put into sequestration now when you say two trillion in in bit bond in what amount of Bitcoin are you suggesting would be in that whether it's 10% or 20% it's still a metric shipped on a Bitcoin right so it so it becomes a self fulfilling prophecy because the more you do um right the the more Bitcoin price goes up because you're just yanking Bitcoin off the market in real size yeah so which again great if you have a good one bad it's really bad if you own and dark think about this furthermore it doesn't solve the problem of where we're spending right I mean the problem is you can't you can't solve everything with

1:37:15every move you've got it do you think I realized that actually yeah dark side you dropped out I'd love to hear what you yeah I think you dropped it yeah I'd love to hear that we got to go let's go yeah we got a guy with the hand up now Sharon how do you get the fees down while you increase the volume which fees the fees that would be yeah the fees that would be gained on your model right how do you demonstrate that your fees are actually lower while you increase the volume of the inflow fees on the bond issuance yes because on the sales side the salespeople are incentivized by fees right so it's treasury operations I'm saying treasury should and I'm asking you what problem are you not applying by doing this what exactly what problem are you targeting by suggesting this this type of structure what are you solving for how how do how do we precipitate appetite

1:38:21for um purchasing us that that trashes treasury okay so here's the problem I okay so now that you articulated that so here's the issue the issue isn't whether you you know it's it's not about generating appetite for our treasuries it's about our spending it's the other side of this the other side of this is we're spending way too much money uh and so if you you know you're trying to plug a hole over here but you're just letting the spigot run uh you know a full you know full blast on the other side so you're you're solving for something that really needs to be solved on the other end not on the send uh we absolutely need to solve on the send well sure and the share and here's my my point was is in the private markets how do you get private capital to fill that vacuum instead of going to the the government well it's not either or I I think we should all be using the pristine capital in in the ways that yeah and that's the point if you start this like once you start this train you can't stop it because as those bonds begin to perform really well

1:39:24the demand for those bonds will cause the rest of the market to absolutely crap out okay so you know i get it no i get it like i get it but remember you're talking about the largest market you know in the world global bonds right and and the experiment could do tremendous damage to the market and look again i'm not i'm not saying i'm not a fan of this like we've we've been talking about good bonds for two years up here um but i just want to point out to you that it it's not without consequences and it's definitely not without massive second and third order effects and you just have to keep that in mind and it doesn't begin to hurt you and some pretty nasty second and third order effects with the current structures and systems right and and and therefore making that worse right could be could be really detrimental now we've come up with ideas you know friend and i talked about this a long long time ago where you could you you could interposition a third party

1:40:25and do this this can be done privately it doesn't have to be done by the treasury that's true right there's dark wouldn't that wouldn't that actually force the government to stop or restrict spending by by default i don't know because the private capital is going towards the better asset that's lower risk and higher return which gives the government less access to that capital yeah my argument would be that it's the political process that keeps the spending going it's the fact that every four years they got to get reelected so there's no incentive to do the right thing look you know Jimmy O.E. says and i see Jimmy's here i see a show you as a listener but what's your famous line you've got to break it to build it back better or something like that yeah it's got to fall apart before it comes together yeah and i think that's where we are right like it just feels like something's got to break we got to go through a massive crisis right that you lose the

1:41:30reserve currency status and then you can't you can't pull these stamps and then you have to run a a balance budget of some level look you going back to what trump said today right if the fed doesn't lower rates i'm going to cut off all countries we have deficits with trade with all countries we have deficits with i mean just translate that what does it mean it means look he understands that the consequences of being the reserve currency right is that we end up with these massive deficits and if we can't fund them at cheap prices then it's not worth having right so i see it's statements like this as much as i could kind of disdain trump now at this point it's when you see shit like this and he shows you that he actually understands the problem right the problem is how in the world do you run massive trade deficits and have high interest rates that makes no sense at all because by definition you're going to have to fund those deficits

1:42:34he yeah he's behaving like a grandpa well and sure and i wanted to make a point about that if we you said competition if we get the government competing for it more than just handing it to itself you know and that's really like dark set that's going to be a painful thing because the government is you know very large when it comes to the benefactor so i think that's it is we got to reduce the benefactor exposure to the federal government you do that by shrinking the budget i don't think it's going to happen by choice i think it's going to happen by force great show everybody have a great weekend and we'll see you on wrap it up no look i think there's there's a lot there right like that that's a great point um

1:43:37ultimately you know trump is right on this one like this is one of the few times he's right we cannot run huge deficits and have high interest rates so there's two things do not work and if you do lower interest rates down to zero then the deficits aren't that expensive and he also makes the point that the u.s. should have the lowest interest rates in the world which is kind of interesting because there are countries that are not running deficits right where you would assume that you know if you look at countries as businesses you would invest in those businesses first but at the same time how can we be the reserve currency you know run twin deficits sort of by default and and have high interest rates that just doesn't work so i i think his point being like the dollar system benefits the world and if you want to keep it you got to make it affordable for the u.s. Terrence are you there i can't hear you yeah i'm here or there you are oh sweet hey i'm feeling

1:44:45like maybe we should do a horn today we haven't done one of those in a while well why don't we just see if anyone wants to give us any final thoughts as we go around to the person yeah that's a brilliant idea okay because by the time we finish going around the horn it'll be uh 10 30 which is what time you always usually go to the vet to have your prostate examined daily so with that said anybody want to respond to uh what dark was just saying if not we will begin to uh go around and let everybody say our our goodbyes for the week anybody i'll just add this um oh dear oh dear every well every war we've ever had has always been a bankers form and if you understand that big coin as a weapon system uh trump is using this weapon system to take out the bankers right and so he's doing it in a very uh planned thoughtful way they've thought of literally everything

1:45:45and so when trump says maybe we'll just pay off the debt with a little crypto check like the federal reserve is is going going by by right there's a reason trump is filled as entire administration with big coin maximalist right from scott beset to kevin wars to howard lotnig like he's literally composed the greatest crypto army in the positions of power that he could and he's even said if the clarity in genius act don't pass i'm going to use every branch of government under my control to force it through through the cftc the scc and then you've got tokenization and you've got all this other stuff and so um you know try to like not be so reactionary and emotional and if you think of this as an adversarial plan to defeat the central bankers uh the maybe you'll have a little bit more confidence and optimism so don't do them out have a good weekend have a good labor date weekend should i add um and uh we'll see you guys next week what did i just listen to that was a g money talking okay i missed that

1:46:51oh just just one of the thing too i um i don't promote pepe coin as the um oh dear there's the permed out boomer friend now i said but i do promote a layer one metaphor to call bitcoin called xcp which is by the way i think threat has a perm up 600 percent this week so just saying Fred can you give a thumbs down that you do not have a perm Fred's not here he's he's out he's a listener now Sharon has a perm i can tell look at the profile picture it's been a few years Sharon any closing thoughts no but i am going to go to the beauty parlor now that you reminded me parents was going there i yes at an appointment at 10 45 pacific standard time yep fat oh here any uh closing thoughts before we shut this baby down no okay tiko uh g money oh there he is the bell curve have a great labor date weekend guys thanks you you too go ahead tiko the bell curve on the space is parabolic Lauren keep growing keep

1:47:55learning keep saving not everything you hear on this space makes you smarter sometimes the bell turns the other direction boor michael nice to have you closing remarks oh he's great to be here and i'll say uh you know uh the bitcoin price at the end of trump's term is lower than when he started i'll say the trump was not bad for bitcoin but i have a very hard time believing that's the case and i think when that happens all the people up here who are saying trump so bad for bitcoin will be singing it very different to price really determines people's emotions and i think that will ring true with uh bitcoins higher at the end of his term prices we won't finish the whole thing but everybody knows that michael holds xrp we don't need people to come and point that out over and over and over and over again and we don't really care if he holds bitcoin or not uh i have a lot of friends that hold all sorts of other crypto crapto that i don't know the huge fan of but we're still friends so i appreciate that michael respects the bitcoin only whoa whoa i know it's shocking isn't it

1:49:06i know i like all the comments in this face that say i agree with everything michael said except for his xrp day right no that's that's good yeah that's good did you get married did you end up good married no no not yet same girlfriend though since uh same girl that she must be pissed about it since she's off her your high school dark that's awesome good luck brother appreciate it did she ask for the uh seed words michael just like that uh that english girl who had to divorce no but funny enough he read that funny enough he was a gator and uh rippled just signed to make a new logo on the gator see oh dear god that's horrible no xrp spacious full of real people is that why you're here i'm just curious yeah i would follow you're not hanging out with you guys instead you you just opened up the can of worms there dark my bad i apologize yeah i was just i was concerned that his girl by the left of after that that massive decline when xrp traded under a dollar but i'm glad they're still together man no excuse just happy i was in

1:50:11bull posting sailor at the top good point good point we did have i'm gay for sailor in here for a minute but he just chose not to speak so he was on the stage i was curious to hear from him and i don't know which one of the cohosts actually let the person up as they had like ten followers so also interesting dark did you have closing comments it's everybody having an amazing weekend it's a labor day get with family show people love do something really kind for someone you don't know that's it brother i love that that's wonderful yeah i sign off on that yeah Tiffany yeah i love the love um gotta love the love huh what it what did they say are when else in mandela the hate cannot drive out hate only love can do that beautiful you got any big plans for the weekend Tiffany i was just thinking about maybe going to church on sunday and hallelujah yeah i actually have like a lot going on because i've

1:51:14i've been taking over some things for my sisters since she had the baby and oh wow so busy busy i get to hang out with like a bunch of sorority girls tonight actually that's what's gonna be happening and taren's love to do that as well yeah i bet here for sorority girls there's fire hey hey honestly what's up don't knock them no oh i'm not not into a sorority party the room oh i'm not i'm being completely honest for charen's how's it going what are you doing over the weekend learn i'm gonna cruise up the organ after the show today uh blonde you gain now i'm gonna go watch a ducks game so nice be back on sunday one day nice so you yeah are we are gonna do show on monday let's do it okay done yeah why not okay sounds good to me any parting words before we shut her down no um i mean i want i wanted to talk about bitcoin alpha but we know we're giving it on monday and then Fred had to drop uh because i had some plots and i'm

1:52:15there was a lot there was more but we just kind of listen yeah no i noticed um somebody posted about the coins being moved from the cold card hack as well so yeah exactly yeah that was Alex thorn cuz he's doing amazing research over there yeah there were a lot of things i wanted to cover but clearly this was a topic people wanted to discuss politics that just said this is what's going on yeah it kind of reminds me of pre-bip 110 days when we would talk about tradify and politics most of the time so you couldn't let a single space go by without saying damn you just can't be 110 bit 110 bit 110 there i got a few out of my uh system yeah yeah yeah i saw the bit 110 coin was like at five fifty this morning five dollars and fifty cents no five hundred and fifty bucks what actually okay let peel a few off well they'll be careful the liquidity is so tiny i mean it's like seven people that it little jump down to like eighty bucks so yeah ten four so what about exchange exchange yet or was that so you know what it is just that one that neo-ox and

1:53:18eo xian they have a twitter count here um i guess people i guess uh the bit 110ers wanted it to be beat listed as btc and there was some sort of argument we couldn't got pissed off at each other they got pissed off and they said they were going to be listed but it's not it's still there still there i would just say because there's no replay protection no one should use their main chain btc utxos to try to claim there are free ones on that side but if the degenerate them wants to trade in those coins i would say just send over usdc over there and an amount you're willing to lose because it is an experimental beta exchange they even have a big disclaimer on their exchange that they're in beta mode but it does appear to be the only tiny little exchange that is listing that yeah i made a deal with puncture to exchange mines straight across so oh yeah i'm gonna take it no i'm being facetious yeah oh yeah so you're making a joke i said it was the my attempt at humor yes yes yes yes so just another other day yeah fallen flat boo all right we'll

1:54:23play us out buddy it isn't gentleman for the long you for evil fight we suggest you turn away now to throw the view think we can take it please say come to the bad house i mean big balls big balls big suits big big corn big boobs big logos big nose big sparses big checks big jets big flat big nose big big corn big boobs big big corn big boobs big big big corn big boobs big boobs big balls big suits big big corn big boobs the same time son still hoping to make it

1:55:25today okay listen up dunce keys i cuffed first taking tosser