Mounting Confirmation Of a New Bitcoin Bull Regime.

0:00I'm gonna sleep on the ground. I'm gonna sleep on the ground. I'm gonna sleep on the ground. Where's Seid? Hey, the fun never stops in Bitcoin. Good morning, good afternoon, good evening. Well, this is Plebunderground. Welcome back. That's right, salty crayon. We got off the 78k train. Here's 76. Anyways, okay. Okay, let's see here guys. We've got a lot of stuff to cover. Of course, all kinds of updates happen in the middle of the night. That's what makes everything fun because Bitcoin never stops 24, 7. But guess what? There is mounting confirmation of a Bitcoin bull regime. That's right.

1:00The regime is switching up. New regime. We're going higher. It's really tough to say that at 76k. After we dropped about a $1,500 this morning. It doesn't matter. Anyways, look, if the current low ends up being the cycle bottom, we're breaking a long tradition, guys. And we all know Bitcoin loves tradition. Bitcoiners love tradition. Long time hodler supply in loss. Topped. That's right. All of us long term bag holders. We peaked our losses. And now the price is bottom. And now we're going to the moon. Bitcoin only needs its existing scale structure to continue. Yeah. Obviously we're going to have a chart that looks that takes a look at that. It's, but actually, guess what guys? It's time to start thinking about the having in 2028. That's right. Even though we're sitting in 2026, two muted bull runs in a row. ETFs just suck in the frickin liquidity out of Bitcoin itself.

2:00I understand. I understand people want to sit there and pretend like, oh, it's actually really good. And I get that. I understand that. However, we will never understand what the world looks like if people just bought Bitcoin instead of all these derivative products. Right. We just, we have no idea. So it's nice to hope. What else Bitcoin, asic manufacturer, canon. That's right, guys. While crappy companies like sequins are dumping their Bitcoin because they were never really here for Bitcoin, right? They never really understood it. It was just a marketing scheme for a dying company. Well, sequins is dumping their Bitcoin. Canon is buying more Bitcoin. There you go. I'll just even sell. We've got an update for the liquid network hack. And as well, it looks like there was a issue with the Albi Hub for the people who use Albi Hub that usually, if, let's say, you're doing a, let's say you want to get streamed sats, right? On Noster or something like that, even doing, even using fountain.fm, right?

3:02Value to value podcasting. You could set up your own Albi Hub on your node and accept lightning payments. Anyways, we're going to dive into what's happening at Albi. Very sad. Somebody murdered an entire family in Mexico to steal their Bitcoin hardware wallet. We're going to take a look at that awful story. Whether in Bitbox, fishing scams, shout out to, I think it was licked in the group. And I don't know if it was sigh or fill. I think it was fill see. Yeah, shout out to you guys for helping me out with that one. Bulgaria orders crypto exchanges to submit user records by June 20, 27. Tether. That's right, guys. Bitcoin. Tether loves Bitcoin, right? So you may have heard that they increase their Bitcoin and Goldholding holdings a couple of days ago. But the real story that we didn't hear about is Tether moving deeper into private credit. That's right, guys. We're going to go over an article where Tether just shows how much they love Bitcoin.

4:03They love it. Apollo loves it. Apollo loves Bitcoin. Blake too blip. That's right, guys. The entertainment and the wheels just don't stop falling off this shit coin. They don't. And it just gets more and more interesting. And I am here to make fun of it. We're going to take a look at a bunch of ridiculous posts. What else? What else? Oh, this was from Salty Crayon, an AI agent that just coded a self-custody web wallet app. Yeah, I'm going to take a look at that, dude. I watch the video, man. I don't know. I really, really don't know. Anyways, all right. Let's let's dive into it. Let's dive into it. Here we go. Let's get this thing going. You're going to say good morning. You know what's great? If I see like 10 messages, but I know that I'm not muted. I know that's a good start. There's nothing worse than seeing a bunch of messages in the chat looking over and seeing my mic muted. You have to do this all over again.

5:05Okay, anyways, you know the deal. Good morning, Salty Crayon. No name extra. Good morning. Let's just block miners for using the dude. This is such a great story. It just keeps getting more embarrassing. I don't understand how anybody, anybody can larp as a bit corner. I don't know if anybody can support this absolute travesty of a shit coin pretending that they're saving Bitcoin. I don't even know. I don't get it. Makes sense to me. Barrow's it. I already said that. Good morning, Jay. Yes, I go train work. I mean, look, it's not that we're poor. We're just, you know, kind of pre rich. Okay? It's just pre rich. Exactly. I'm not even fiat, but rich in orange spirits. That's correct. I like that. I like that framing. Jay is an optimist and I appreciate his optimism. Good morning, Phil. Good morning, plastic.

6:06What is up? What else? What was the nothing burger? The current version of what? Yeah, I know, but I'm, you know, you got to cover it anyway. It's a total nothing burger, but you know, we got to got to cover it. You know, got to let people know what's going on. Good morning, turbo. Yeah, that's right. ACP. It's over. We're dumping. We're going to zero, dude. One is zero. Good morning, Matt. Indeed, plastic. That is correct. Tether buys all the US debt. But what's most important is that you remember how much they love and support Bitcoin. Talk about what they're doing with the US. They love Bitcoin. All right. Oh, yeah, dude. It's going to be serious for Bitcoin, their engagement syndrome. Good morning, Mr. Dinkles. All right. Let's dive into it. Let's dive into it here. So Bitcoin, Fiat exchange, $7,600 and 900 and what. We're pumping. There you go. We just went up like $3 and we're back down. Okay, forget it. New all time high on the block height, $966,376,4.

7:10Per V-by. Apparently, even though Bitcoin is dropping, the network security is staying intact. The V-bytes are going up. The sat's per V-byter going up. Look at us. Look at us. Guys, 76 iPhones. I bet you it's not the new foldable one. That's just not the new foldable one. Anyways, 76 iPhones per Bitcoin. Very curious how many of the new one you'll be able to get per Bitcoin. 19% of a house per Bitcoin. I don't think I'm going to be getting that foldable one, though. I didn't like foldable phones, even when I was a kid. Like when the first came out and I didn't like that anyways, I just felt like it was like an electronic purse. Not that there's anything wrong with that. Okay? Just for me, I don't want an electronic purse. So, which again, I guess the argument could be made that a phone is an electronic purse. But at least it doesn't fold, right? It's, I don't know. I don't know. All right. I'm going to get away from this one. Get away from the topic.

8:10The topic is bad. Good morning, Matthew J. Good morning. Just divide by 2000. Yeah, yeah, that's exact. But I'm too lazy to do the math here. I'm too lazy to do the math. 2000 bucks for a frickin' phone. You think so? Flip phones for the win? The original one. You know what? I did have a flip phone. But it's, I don't know, man. That one that just seems to fold open like a wallet. I don't know. I don't know why. って sobre lecturer hab' eron the I just pull up. Do I just pull up the chart? Do we just take a look at this thing and

9:12Let's do it. Okay, hold on a sec. Let's at least just take a look Okay, here we go Of course, we need to go take out the previous high There it is Okay Okay, so realistically guys This is not terrible We need to hold this though in fairness. Otherwise all it means is that we're I don't necessarily believe that we read Automatically retest the low 60s, right? I don't I don't just think that Because there is some support a little bit further down I would expect us to unfortunately if we don't hold this little area and bounce off of it

10:14We're probably going to be testing the 72k range again. Okay, doesn't really matter. Just saying that's what it is Nobody needs to cry. I'm not crying. You're crying. Nobody's crying. Okay, let's continue I remember those phones the next cells. Yeah Remember those bricks that were foldable right and the only part that was foldable was the mic You know like it was like the little mic portion I don't know about you guys, but I was at an age when those phones came out and I had one I broke a few of them unfortunately And that battery sucked that battery was terrible you could leave that thing charged forever You'd hop on the phone like 20 minutes later was freaking dead Um anyways, all right the regime changed. Sorry Titan But look you know Titan showing the same thing we still haven't broken that range guys. We still have the hope Okay, we still have hope up with hope Okay, crypto jelly. Let's do it if the current low ends up being the cycle bottom

11:18We're breaking a long tradition not only will the bear market and much sooner than usual But it'll also be shallower the interesting question. What will that mean for the next bull market? I'll tell you what it means for the next bull market up to the right And just to point out guys, okay So he he did a second chart on this one and he extended this out to like 970k See we'll see Okay, long-term hotler supply and loss topped Bitcoin price bottom. That's right guys kiss it goodbye Sminced in with With the frickin hopeium Guys we've talked about this several times we can chop sideways here for months Okay, we can totally and it'll still just be the bottom and but what it will do is it will wear down People's conviction right not everyone not everyone of course right some of us have been through a cycle or two or three or four

12:20And nothing ever happens. Oh, yeah, no, we won't We won't be getting a plug underground phone I can I can barely put together. You know what I'm having a hard enough time getting a logo and and t-shirts Okay, so we're not even close to a phone Baby steps for me Yeah, I I agree dude cold deck exactly right what is the most entertaining for the market not the most entertaining for us The most entertaining for the market is more chop and the pain trade indeed So I wouldn't be surprised this is what we see What is it do I think the AI security flat checks on the non stop Bitcoin hardware and things are causing the drop since it the okay Look in this is one of those situations where we are in the echo chamber Seriously a lot so look a lot of my normie friends that I have like You know Just annoyed the hell out of with Bitcoin Didn't even know any of this stuff happened One of my friends who buys Bitcoin bottles Bitcoin

13:24Quote and quote pays attention to the space Didn't know that any of this happened So like you know like a lot of times right when you're in this space people want you to believe that everything is so Bitcoin centric Right, this is also probably why that you know that we This channel doesn't have a bigger audience right is because I just don't lie about the fact that we're in a fucking echo chamber Right and it's not that big You know that the cold card hack we pumped and we didn't pump because of the cold card hack We pump because the overall market doesn't give a shit about this stuff And I even talked about that you know, so yeah exactly I do think it's a good thing Okay, I to me this means Bitcoin is maturing right we're growing up It's a teenager now right stand on its own two legs stand on its own two feet. Sorry Yeah Yep chop chop and cope exactly all right, let's do it David ENG. Oh, what's wrong? What am I doing

14:24Stop it Phil I already made my splash bite. Don't worry. It's a fireable. You'll be fine. It'll be fine Tell you one thing though a lot of people have been using the liquid network even though the total public lightning capacity is the same I've seen a lot more transactions go through in the last 72 hours So for the people that are telling you that Bitcoin doesn't get used for payments and all that stuff Yeah For the people who tell you that all of these stages need to happen with perfect lines in the sand first people store it as Collectible and then they store it for value and then they use it for money That's not how this works all of those stages are simply happening there every single one of them is happening At it in its own degree All at the same time okay No lines in the sand. There's none of that shit anyways, okay Most bullish number or Bitcoin my number Bitcoin today 78k. That was yesterday Historical P10 price 66 to 10 year P10 price if the he's talking about the power law price guys

15:30The existing power law scaling adoption continues 833k That is 10.6x from today 26.6% annualized return Bitcoin only needs its existing scaling structure to continue Absolutely Like how we extrapolated a perfectly like it's like a perfectly straight line That's just what Bitcoin does You know just goes in a straight line What is it the 10 years pumping oil pumping BTC getting hits been the narrative yeah eggs Sad dude absolutely another you'll see tomorrow everything will just change again Maybe today is not the best day to fill up on gas Maybe it is okay It's time to think about 2028 According to Jesse Myers and what it could mean for the Bitcoin price as of now only 1.6 years until the next having After prior having here we go 2012 a hundred x rally over 12 months 2016 30 x rally over 18 months 2020 8 x rally over 18 months

16:34Well, this is definitely not making the case for stopping diminishing returns is it anyways The having has been the quadrenial heartbeat of bitcoins marketing and monetization But in 2024 something different happened that's right this time. It's different the pattern of having bull market was already established Enough that people front ran the having for the first time we had a new all-time high before the having 2024 We did about a 4x and 18 months before the having 2 x rally over 18 months after the having So what will happen this cycle nobody really knows But I think the precedent has been established to front run the having that's the game theory now Okay, so that's it guys Here's the new pattern for Bitcoin new pattern for Bitcoin new all-time highs going into the having going forward every single time Because everyone's just gonna front run it's apparently If the same pattern plays out this cycle the next 1.6 years could be the most explosive time for Bitcoin

17:36Q the dead skeleton at the bottom of the ocean Repeating the prior cycle would look like 4x over 1.6 years 58k recent bottom 232 in April, 2028 that bearish 2x over 18 months after having would be 232 Actually would be 464 in the second half of 2029 464k in the second half of 2029 really In all fairness guys none of these guys are as bulltarded as I am With my 9.6 million dollar call July for I even gave you a date July 1st, 2028 Okay Like first Bitcoin could certainly deliver diminishing returns versus the prior cycle well We do have historical precedent for that one, huh Unfortunately that does seem to be a I guess it's a lagging indicator But at some point no, it's a leading indicator anyways, but at some point that trend breaks to the upside

18:36The key point for now is that people are likely to front run the habit Yeah, that could make the next 1.6 years the most exciting part of This Bitcoin cycle and there it is guys as we all know there's gonna be less and less Bitcoin and apparently Supply shock is eventually Going to matter it hasn't mattered in 17 years But this time it's different this time it's gonna matter the supply shock All the sudden there's gonna be like 30 Bitcoin on all the exchanges in the world Even though there's been a steady between like two and a half and three and a half million for like the last decade Yeah I got to love it I love it. Okay, here we go some super Bitcoin bro. Hope you let's freaking do it the Bitcoin weekly It's probably the only one I actually pay attention to and take seriously We did well by respecting the massive confluence of support around 60k instead of waiting for a 4q low. Yes Now we respect the mounting confirmation of a new bull regime if you aren't long yet

19:40It's not too late. That's right guys because look Buying at 70k is like buying at 21. Well guess what? Buying at 76 is like buying at 19 What And here we go guys it look like look at this. This is perfect. It is Four pieces of hopeium all Crammed into one screenshot Recloses above the 50 The 50 day exponential moving average the super trend lip screen the rsi is above 55 Business cycle is above 50. I just added something that's not even on the chart and random triangle with A bunch of stuff showing that this is the bottom How is this not bullish? Extremely bullish Yeah, I don't know you know, it's like look I appreciate the scarcity stuff

20:41Of course right the 21 million what really I think for someone like me what I care about is the fact that the government or Any entity for that matter they can't just print more Bitcoin like that that is really what I care about in terms of In terms of the exchanges and this idea that all of a sudden there's gonna be no Bitcoin for sale That's just not happening guys. I am so sorry That's what a market is right there are participants There will always be participants who want to monetize their Bitcoin right and there will always be participants who want to purchase Bitcoin That's just one of this Anybody selling you anything else. It's because it's all about the narrative. Okay You're never gonna see any of that shit happen none of that stuff's gonna play out There's no omega candle that sends Bitcoin to six million dollars in one shot or 10 million dollars or all that crap You know like it's it's just sorry not sorry right. It's just not what's happening

21:42I wanted to happen don't get me wrong look guys this stuff happens. I win So I am totally incentivized right and talking about like if we're gonna be selfish and just deal with our own personal incentives Hey, I'm totally incentivized and any person who holds Bitcoin is completely incentivized for it to go to the fricking Moon as soon as possible face melting gains That's just not happening Like buckle up and stack bros. That's what we can do can buckle up and stack. Okay, moving on to slightly different Hopium right Bitcoin asick manufacturer canon bought a 108 Bitcoin in q2 there reserved there reserves reached 915 Bitcoin worth 150 million that's right guys 63% of it tied up in financial derivatives You know what you got to buy real Bitcoin Okay, got to buy real Bitcoin all applaud that you guys are attempting What is it? Yeah. Oh, yeah, dude Samson promised us. I know he did. It's it's so brutal. It is so brutal

22:48I used to believe the omega candle crap In what was it two cycles ago That the first time essentially that that we we broke the 20k previous high and then we started to march towards 60k and 100k and like it was it like that was it guys This time it was different this time we were going all the way and here we are Um almost 10 years later. So Something to think about there Ah on a different note While canon is buying Bitcoin and buying Bitcoin derivatives i.e. uh ETF shares Sequence who we reported two weeks ago Gold they were left with about 163 Bitcoin two weeks ago. Well, guess what They sold another hundred Bitcoin leaving them with just 63 They officially ended their treasury strategy which we already talked about back in May And their holdings peaked at 3000 in October 2025 Is it the fumble of the century? Um, I mean look

23:52I would say yes because these businesses really look these are dying businesses Um, and they know it which is why they need the one trick ponies like instead of cheering these dying businesses that are using Bitcoin as a one trick pony We should actually be applauding businesses that have Real revenue and that choose to purchase an hodl Bitcoin I know it's not fun It doesn't help sponsors right it doesn't sell credit products and all that shit But that's what's real that's what actually helps Bitcoin in the long run And it's so funny because all the people that preached all this like low time preference bullshit They're all sitting there shilling you fucking um treasury company slop now How is that low time preference? We the treasuries are gonna out they're gonna outperform Bitcoin But I thought it was low time preference bro. I thought it was that don't get poor slowly scheme bro

24:55Why am I buying shares of companies that don't actually Do anything and that don't actually make any money Because I'm leveraging Bitcoin the hurdle rate bro It's it's so embarrassing People are chalousers anyways I don't care Anyways, all right, let's dive into um, what is this here? Oh, yeah, that's right the the liquid update So look yesterday when I reported it I said uh, so yeah in essence right they they were asking for the the 10% right the 10% bounty So out of like the 498 Bitcoin they they would only They would only return a certain portion of it right that that's it on the 598 They would return 400 and keep 198 that was totally wrong Okay, that was totally wrong. They expect blockstream to pay out of their own pocket first Who cares? What does that make a difference?

25:56But that's not even the update guys. That's not even the update That was just I was just correcting what I had what I had talked about okay So yesterday, okay yesterday Oh, yeah, no ACP these hackers are morally superior To block stream because they stole and Benevolently are going to offer to give some of it back if you pay them Like I said yesterday. It's extortion. That's all it is okay. There is no mental gymnastics No fricking fantasy camp where these guys are not extortionists Sorry, not sorry I know they want to pretend they want to do and this is a by the way just so you know This is a great example of moral hypocrisy right like this is very typical as humans right? This is the type of shit that we do It's funny. I mean, I don't personally do it and I don't think that people that are watching this do it But these guys did it and they don't seem to think there's anything wrong with it right because the ends justify the means

27:00Then anyways total garbage Yeah, yeah, they're total white hats right total white hats these guys Yeah, dude can't con a con Actually, you know what's interesting con artists, okay Con artists believe they are the smartest in the room because they are the con artists So interestingly enough con artists it could be argued that they're maybe even more gullible Than the people they con I don't know. I'm just yeah fucking out of my ass. Okay anyways guys elements is released That was yesterday in the afternoon, but wait there's more right the recovery plan They're gonna resume block production while peg operations remain suspended. They got to change I think I'll stop calling it pegging I gotta tell you every time I read that word. I don't I'm not seeing what I think they want us to see Just saying

28:00Replay transactions verified as valid resume peg operations just just stop Um once the network state has been fully restored including return of funds now this morning. Okay at 10 a.m UTC the Operations have resumed but the recovery is still ongoing Okay, so Not bad. Yeah resume the pegging Terrible we gotta use others. I mean this is just terrible, you know, it's not working It ain't working. Okay, so this is actually a pretty cool one here from from Adam Stay tuned on the liquid hacker chat as soon as they disclose the encryption key all of the encrypted messages Automatically be decrypted now hold on a second Because I believe I do have this somewhere here

29:04I'm old and I'm looking for links There it is Sorry guys, I want to pull it up. I want to see if there's an update Did we get anything Okay, so here we go. Let's Let's share the screen So this is it right so there really wasn't very much Like we saw this guys we already knew about this one right your dereliction of duties. Bapapah you shall pay You shall pay and encrypted Electrum BI one message to the liquid hacker key So apparently yeah, I'm not I'm not gonna go view any of that shit Encrypted I guess So even though they said it wasn't gonna be encrypted. It's still Anyways, whatever it doesn't really matter. Hey clearly these guys obviously right they they want to make sure they can keep

30:09Bitcoin what's going on? Why does Matt MacCrader sound like he forgets what his name is when he That's great Bitcoin bits look I I'm not gonna I've already given my opinion several times on this um, you know, it's uh I just don't understand how somebody like that that has spent so much time quote-unquote educating Bitcoiners is just blatantly misleading people like this every single day Yeah, you shall pay is They are the white ads every time I read though you shall pay I picture the it's the Darth Vader meme, you know Hey babe, why don't you sell our Bitcoin and Darth Vader looks back and goes no we shall make them pay That's all I see can't help it. I just think it's such funny stuff. Okay anyways, so nothing new on that Let's talk about the alby hub stuff um, I don't know was it plastic I think it was you that said it was a nothing burger, but yeah, it is so they've confirmed a critical vulnerability in alby hub version

31:111.7.0 and version 1.18 But look alby version 1.19 which was released August 29th And any newer versions are already unaffected so What should you do guys if you are accepting payments and you are hosting your own alby hub Right, just check the version that you're using and obviously if you're using one of the affected versions I just read off make sure that you upgraded at least a version 1.24.0 If you run an affected sorry if you run an affected version which was accessible from the internet Uh, here we go update your unlock password delete the app connections after the updates And if you are not affected by this issue, we still recommend updating to the latest version so no matter what guys update No matter what just updates Yeah, I look I you know what Bitcoin bits. I don't think it's just him that's losing his mind

32:11I know you don't think so too, but it's a lot of these people right they're doing insane mental gymnastics And it is it is really sad and we're gonna obviously show some pretty cringe freaking tweets in about a minute Yeah, the the mexico story sigh. I think it was you that that sent me this one someone murdered an entire family in mexico to steal bitcoin hardware wallet reportedly holding 1.5 million So realistically guys they had like less than 20 bitcoin. I'm not shaming that okay. That is still a shitload of bitcoin Okay, but and the point is never sit there and think to yourself someone is not going to attack me because I don't have enough bitcoin If you need to understand Life is cheap, okay? Just full stop and when you go to other countries not necessarily mexico right but mexico is a good example You go to these countries where people have significantly less Okay, life is extremely cheap and what that means is that it doesn't take much to motivate someone in order to do terrible things

33:12Okay, to make ends meet anyways Jonathan Melendez keyboardist of the band Camilo Septimo His pregnant wife and their three-year-old daughter and their house made were killed by someone who knew about his holdings stored at home. There's six-year-old son survived. Oh Like that is just absolutely for Can Brutal the two suspects Diego Sebastian N reported as Diego Sebastian Rosen and his driver Gerardo Were arrested within 12 hours of the crime the inside connection Authorities revealed see and this is why right? This is why This is why you don't need to talk about your bitcoin right nobody needs to know how much bitcoin you have or any of that shit Okay Was a business associate of Melendez he allegedly leveraged the relationship to gain access to the secure residential property without raising suspicion Prosecutors alleged that Diego offered Gerardo two million pesos to assist with the robbery

34:15Both men face charges qualified homicide And they could face 25 to 70 years in prison What is it? Crowder said this in his video titled bitcoiners calling out other bitcoiners on June 3rd You need to call me out publicly too if you ever start shitcoin. Oh, yeah, yeah Yeah, that's that's true and you know, we do call them out and I've called them out several times and it doesn't make a difference You know these guys it's fine Once you dig your heels in right and you've made your entire personality about something it is very difficult to backtrack Very difficult Okay, the treasure the treasure fishing stuff guys a fishing email is currently circulating shout out to licked in the pleb underground telegram group. Thank you for sharing this with me and Phil C as well um, so this is treasure and bit box right we talked about this a few weeks ago. It was a little bit different It just seems like all of this is getting so much more attention right now because of the cold card scam, right

35:19So guys yeah look don't click any links right this that I've seen this one before I've gotten this email before the stm32 entropy bug None of these businesses are ever going to send you a firmware link in an email Okay That's just something you got to realize Treasure confirmed it their third party email provider had been breached now I think they should in fairness and the Spirit of transparency They should have put how many times it's been breached Because I'm pretty sure that the like I feel like in Alzheimer's patients, you know like I'm sitting here And I'm just living the same life over and over again. They've done this what I is this like the third time in the last two years The fourth time I don't even know They just keep getting this stuff like man stop using a third party email provider maybe I don't know clearly these people aren't doing what they say they're doing You're obviously losing data, you know, I don't know

36:21Anyways Just be careful guys just be careful out there. Okay, Bulgaria So As we're seeing all of these Signing device hacks all of this data just all of our data just being honeypotted and taken and thrown on the blood on the Yeah on the on the dark web here you go guys Bulgaria orders crypto exchanges to submit user records by June 20 27th because who Doesn't need another Ricken honeypots Right who doesn't So Well, here is parliament voted 149 to zero you could see the politicians are they they are not on your side Right They are not on your team, but they want you on theirs Number 9th to mandate that every licensed crypto asset service provider or CASP in the country hand over detailed user records and transaction data to the national revenue agency

37:22The first and you know the people working at the revenue agency. They're obviously being paid very well And they would never even think of the vulging your information Just I'm stating that okay. It's my own personal belief The first filing deadline June 30th 2027 covering all activity from 2026 calendar year license crypto asset providers known as SASP's Now must collect and submit a broad sweep of data to the NRA Now check this out guys. This is the best part about the whole thing If you think it's safe depending on what you traded guess what They don't care what it is. There's no diminimus threshold whether someone traded 50 euros worth of Bitcoin or 5 million You're going on the list That's right Honeypots that encompasses everyone big and small All right guys that's before we start this I just Want to give a big thanks to tether for loving Bitcoin so much. Let's dive into this tether and façanara launch 400 million dollar stablecoin private credit fund targeting three billion

38:25Don't pay attention to that instead think more about how tether is buying Bitcoin and gold Tether infants and façanara capital launched stable fund and evergreen private credit vehicles seated with 400 million dollars in co-investment from both sponsors and targeting up to three billion in institutional capital They love Bitcoin the fund is designed to use tether's USDT. Don't just read Bitcoin whenever you see me saying these things here This it's actually Bitcoin as settlement infrastructure for short duration asset backed lending to small and medium-sized businesses and consumers through FinTech platforms in 60 plus countries Sounds like Bitcoin could do that Tether CEO Paulo remember he loves Bitcoin. He said it so many times said USDT was built to be money Wait, what I thought Bitcoin was Built to be money. What no how could this happen That works everywhere across borders around the clock without friction

39:29But they can freeze funds on USDT and frame the fund as a way to secure USDT linked opportunities and provide stablecoin infrastructure for cross-border lending They love Bitcoin façanara capital CEO Francesco Filia said the partnership brings the largest stablecoin network in the world and USDT Bitcoin Rails to extend credit beyond conventional funding structures Oh, dude rarson this is exactly what I have said from the beginning right These guys they are playing the game the best But I'm not going to stop calling it out and I'm not going to stop calling out the absolute hypocrisy Because it's been this way from the beginning and in all fairness the person who talked about this the most and has gotten so much shit for it Okay, is mark goodwin and Whitney web they were talking about this years ago Okay, and those of us who took the time to actually read through and verify the the these facts

40:33We're like oh my gosh. This is exactly what they're doing So while a whole bunch of people are and I get it guys. Heather's gonna pump our bags. I get it. Okay I'm fine with that But I'm not gonna sit here you like I'm not gonna sit here wrap shit in a bow and Pretend it's a gift. It's not a gift. Okay. It's not a gift at all They're not doing any of this for Bitcoin. So just get that shit out of your head If you have it there Anyways, all right, let's move on to the Blake to fake This is just a random Accounts that I saw who's apparently he's bummed out Now this is what happened when you don't understand Bitcoin correctly Right when instead all you did was listen to people that made you feel good Dear leaders promoters that you figured were more important. So they must know better Well, he's feeling a bit bummed out is Bitcoin just a failed project that a few delusional optimists are still clinging to No, no, it's not You just believe the wrong

41:34Let me rephrase that you just believe incorrect ideas about what Bitcoin actually is Now you're gonna get fucking wrecked on a shit chain So of course Chris Ross spawns back, you know, you always need the management to chime in No, of course not we just have to fight off the bad actors when they attack that's right guys Because they're the good guys the good guys saving Bitcoin with their shit chain Alphanine right each time did competition against convoy is not an attack right because that's really what Chris was implying Build a better product oh this sounds crazy because now we're talking about free market dynamics. This is really bad Nobody wants to talk about free and open markets That's not what Bitcoin's about Banning the competition because you can't handle a candle because you can't hold a candle to them is not a solution It's weakness you have failed at being decentralized Indeed they did now. This is actually a pretty good one this actually if this is out of the discord

42:38Shout out to zender for this one who posted this So here we go here we go This is from Luke Mind bitcoins are unspendable for their first hundred blocks I mean this is true on the Bitcoin network of course There has been proposals to either delay spending them for 4,375 blocks Or a month or to zero the block subsidy for a month the motive here because of course guys Nothing says decentralization like centralized control the motive here is to deter a large batch of hashers who appear to only Have profit as their mode So I think what's really important guys is that before anybody buys a minor You should have to fill out a survey of your intentions What are your intentions for mining Bitcoin? We really need to have proper purity tests that validate the the goodness of Someone's intentions for mining Bitcoin. I mean that if you look through especially Satoshi's early writings, right

43:43You'll see everywhere Intentions intentions intentions must be good his intentions must be pure Virtue it's it's everywhere. I mean the white paper doesn't even talk about peer-to-peer money. Just talks about virtue And intentions Now I want to point out guys you know why they're doing this Because they don't want the price to continue to dump as fast as it is It was 1800 dollars five days ago. I know people are surprised that it even had a number But now it's now it's at like 200 bucks People are just dumping this crap because that's it that's all it is. It's a shickly plain and simple It's all it is It's all it ever was And as well what's also happening people are getting banned from the discord for questioning For questioning Luke and questioning the management Okay Brandon I remember seeing your post all that pro bit one 10 stuff You're just a casualty my dude. This is what happens

44:47Okay, just a casualty That's all there is to it and I'm sorry The way it goes Um for the lightning labs uh this was an interesting one salty crayon. I think you shared this with me They asked AI coding agent to build a self-custodial Bitcoin and lightning wallet web Using the wavelength SDK no node no liquidity to manage user holds their own keys from prompt to first payments in 10 minutes This is what building with the wavelength SDK looks like So how about this I will say this um Somebody else can try it somebody else can use it. I don't recommend um using any of that stuff Not if it's coded with uh not if it's coded with AI and again I'm not saying that like oh, you know because the it's coded with AI that it can have more errors as we've seen AI has been able to help us as well But I just think that sometimes right so there's this interesting thing that happens with technology

45:49Okay, there is the um techno pessimist right and and the techno pessimist is essentially a person that believes that technology will always fail Right something will come out. It just won't be as good as it should be right um It'll break faster. It'll cause problems It'll take jobs. It'll um, you know destroy populations and stuff like that right that those are techno pessimists. Okay, then you have a Techno realist the techno realist is very simple Techno realist is like hey, I'm going to use technology to improve my life the technology in many cases can be good The technology in many cases Can also be done uh can also be used to cause harm right that that's more of a techno realist and then you have the Um like the the techno optimists right and techno optimists are people who believe that technology can do no wrong And everything that comes out is just the best thing since sliced bread. It's going to fix Every problem. There's nothing that can't be solved without technology

46:54Now I of course as you could imagine and the middle of the road guy I understand that technology can be good. I also understand that technology can be used for for bad I understand that it has to do with whoever it is that's using the technology I don't think that technology has some kind of like magical power to do anything But this this is just meant to be in a beta lab This is meant to be like tested for a really long time I Wouldn't suggest using any real Bitcoin with this. It's one thing to test it out and not have any real Bitcoin in it Right, it's another thing to actually start using this stuff um to host any of your real funds So just i'm just putting that out there guys You know, you got to gotta be careful with that stuff Anyways Don't forget guys The petition Resammer. I fuck the state. Thank you all for joining me. I really appreciate it The chat was lit. It's always lit. I appreciate it guys and don't forget uh as you know

47:58Tomorrow what is tomorrow tomorrow? It's Friday, right? Yeah Friday. Okay, so Lauren is gonna be joining me Right so her husband her husband's Keoni. So we're gonna get an update guys stay tuned It's gonna be a it's gonna be an awesome uh awesome episode And of course as you guys know if you feel so inclined please donate let's get these guys Let's get these guys out of prison somehow right because there's a whole bunch of criminals that are out there And they are they're getting bonuses. Okay real criminals that are getting bonuses. They're getting raises Right while these guys Not so much Not so much anyways have a great rest of the day take it easy You