The Bitcoin Group, the American original. For over the last ten years, the sharpest Satoshi's the best bitcoins, the hardest crypto currency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Hey, hey, happy Friday. And I'm Thomas Hunt from the world crypto network. Moving on to issue one, the price of Bitcoin, the price of Bitcoin is up 0.15% in the last 24 hours with the last of 97,000 and 25 dollars. A high of 97,915 and a low of 96,208. That's one dollar for 1,031 Satoshi's just on the other side of the 1,000 Satoshi barrier. Our top story, city bank, will allow customers to invest in Bitcoin and various crypto currencies directly from their bank accounts, her the Wall Street Journal. Morgan Stanley to offer crypto trading to e-trade clients. Charles Swab to launch spot crypto trading in the next 12 months. The major banks are capitulating. They're also responding to again, the success of the bright wing political bitcoins, who with the success of Trump delivered that legislation allowing banks to be involved in cryptocurrency, which as we suggested before, would have crushed coin base, would have crushed the Bitcoin industry and now seems on its way to do just that city bank, allowing direct access to bank accounts. Morgan Stanley offering direct access to e-trade, Charles Swab, launching crypto trading, Dan Eve, the banks are surrendering to Bitcoin. It is victory day. You, I, so many others people before us certainly have said it over and over again. The banks will accept Bitcoin. The banks will trade Bitcoin, allow people access to Bitcoin. That day seems like it's almost here. What do you think? Yeah, well, definitely over that side, the pond it does. So American banks are becoming more lenient, getting involved in more crypto, being more open about stacking Bitcoin, holding it, the ETFs, etc. Meanwhile, over here, they've just announced again that, or the announced now in the UK, that credit cards will not be allowed to be used on crypto platforms as from not sure when, but it's pretty soon. So whilst over in America, you're enjoying freedom and Bitcoin freedom over here. We're stifling innovation as we always do putting that red flag in front of the, in front of the car as always. And I think also the you band or said they're going to ban privacy coins by 2027, not that we're part of the EU anymore. Like kind of in and out by the seams of it. But either way, we'll probably end up banning them too, because we've seen some of the top two. You lost despite Brexit. So everything's all up in the air. It's like you got a little bit of EU envy over there. Oh, I do. Well, I do. I do like I'd miss free movement, man. Like I wanted to move and to a different country and everything's just visa-based and stuff. And Spain's got rid of their golden visa. And I think they're charging. I'm sure I read they're charging something crazy, like 100% property tax for foreign investment. So everything is kind of all a bit, all a bit wiffy over here. I'd say over this side of the water, especially when it comes to banking in crypto, obviously the ECB is still got a pretty crazy stance on it. So it's good to see America opening up. Definitely. Out of all that was at the EU saying banning privacy coins and privacy assets. So that's fantastic. Thanks. Do you? Well, I do think we should pause and celebrate and appreciate our victory here. I once again just want to say I told you so. I told you so. I told you so. And for the people in the back, I told you so. I told you so. I told you so. And for all the people, I remember when JP Morgan or JB time, Jamie Diamond made fun of Bitcoin and was criticizing cryptocurrency and all of that. Everyone is it's for criminals. And we're like, it kind of seems like the early internet where they also criticized it and said it was for criminals. I use net and other things like that. But there is a difference once again between what Satoshi wanted the whole point of Bitcoin and the joyous idea that your bank could now hold Bitcoin for you. That's not the point of Bitcoin. The point of Bitcoin is that the financial crisis was caused by bad loans that they put in boxes. Then you would buy the box thinking that there was a good loan inside. Lack of transparency. You don't know what you have the same thing with the dollar and other fiat based current systems. You don't know how much they're inflating it. You don't know how much supply there is. You don't know what you have. There's no reason for uncertainty anymore. We don't have the pastor read us the Bible in Latin. You can read the book yourself. That's Satoshi's point. He's Martin Luther hammering on the wall. His 95 theses, which were all Bitcoin white papers. And the point was not banks shall hold crypto government shall hold crypto. You can hold it in the banks. The point was you hold it. You send it around. You use it. Unstoppable currency. That's why it's valuable. It's a virtue loop. If you replace one of the legs, the virtue loop stops working. The virtual cycle. But we're going to find out more about that later. Dan, what do you think more on this issue? Banks giving up a huge victory for Bitcoin. Of course, for early Bitcoiners, like libertarians, I'm sure have been calling for this for years, calling for this before mad bit coins before all of our work. What do you think, Dan? Well, there is that argument still about centralization of coins. Obviously not necessarily mining, but when you have huge custodians or huge institutions that are piling into Bitcoin and owning large amounts of it, they've become to a risk that for, I mean, for example, what if one of these institutions was hacked, they held a huge amount of Bitcoin and then goes the campaign to roll back the chain and other stupid stuff like that that they've tried in the past. So there's always that kind of risk. Obviously it's a massive outlier case. But just in general, holding too much, I mean, 500 is it 500,000 Bitcoin that MicroStrategy now own? See, it's going to be all strategy. So it's a lot of Bitcoin. I mean, he obviously doesn't hold the keys. I think that's been established, right? Because no one can kind of trace it. But it's a lot of Bitcoin for one party to be holding. It's it's scary to know that, you know, to a certain extent. It's also scary to think about the sell risk. If the Meg decides they don't like Bitcoin tomorrow, they want to sell it. Or as other people have talked about, they could use these clever financial interests and borrow against it or loan it or rehypothicate it, right, which was the whole point of what Satoshi is talking about when I'm talking about with these bad loans in the boxes. You didn't have transparency. You couldn't see through with the Bitcoin network. It's transparency. You can see through it. You can see how much money there is in the network. You can see it when they send around. Bank says, oh, we have like, for instance, Jack's 21 last week said, we have 42,000 Bitcoins on our holding. If they wanted to, they could provide a direct link to an address where we could see live that that money's there. And when they're tired of showing off their public money, they'd probably have to move it to a bunch of other addresses where we would follow it and track it and trace it. And that transparency, that ability to see through is part of the Satoshi promise. And that promise is not kept if it's just a number in your account. And you have Bitcoin in your PayPal account. And I have Bitcoin in my Schwab account. And you have Citibank Bitcoin. We are the Shitty bank. They're the Shitty banks. Like, and we could send it around. Imagine Dan, they would let us send like our Bitcoin between Citibank and Schwab. And you could send it to, you know, Royal Bank and RSBC or whatever. And it won't, it won't even be on chain. Will it? Are you, you know, it's not going to be on chain. They're the, they'll be, they'll be, they'll be, they'll be, they'll be, they'll be going to send it lightning fast, but not on the lightning network. I see. Bitcoin, but it's not going to be on the Bitcoin network. So if you want to, if you want to spread, yeah, if you want to send it on the weekend or if you want to send it to a cause that we don't approve of or if we want to reverse the transaction, basically, it's just going to be like the old Fiat network. But we're going to call it Bitcoin. Yeah. Another, another step I just wanted to add as well is that I've noticed a few companies, even the last couple of months I've interacted with recently, my card's been rejected in certain crypto services, which is, which is weird because it never used to do that. And the bank's not notified anyone. I found a few other tweets of people saying the same thing. So purchases they've made before. So yeah, it really does seem in the UK. We're going, we're going backwards. We're going back in time right now. We're regulation. Well, you guys have had trouble since the Brexit issue. But over here in the US, I want to again, for the audience, I want to think about this. I want an apology for everyone who's account was shut down for using crypto. Everybody who got an angry letter, you've been buying things with crypto. You've been buying things at crypto websites. I know so many people that got scared out of their bank accounts got chased out of their bank accounts. People who had businesses, I know a guy who went to jail for selling Bitcoin on local Bitcoins. And now Charles Schwab is going to sell you Bitcoins and Citibank is going to sell you Bitcoins. And everything's fine now. And I saw a great graphic from, of course, Michael Sailor, who says everything five years after we said it. And he said, oh, you know, Bitcoins worth a million now. You know, by the time your financial advisor suggests it, it'll be worth 10 million. And we've been saying that since it was worth 100. So it's funny to see these people get here and all these people to follow them where it's like they're just saying things that I said five years ago that other people said 10 years ago. Like certainly we have people, the Bitcoin channel before us and Jays and monopolists, Roger Fair, other people like that who certainly came before. Risto, people who said, yeah, Bitcoin's going to be 50K. Yeah, it's going to be 100K. It's going to be a million, 10 million. And even now we have people Tim Draper was echoing what mad bitcoins has always said. Bitcoin price will go to a million, which I think is a good segue to the Bitcoin predictor ball, the source of all power in this universe. Dan Eve will the price of Bitcoin be higher lower? I think they were saying in the chat last week, the ball predicted higher. Ball, of course, was right. Dan, what will you predict higher? Yeah. I'm getting higher. I reckon we could be above 100K. I think we need to be above 100K. It's made right. We're on the, we're on the beginning of the ball run really like the, we're re returning to the ball run. I'm going to blast past 107 people. Locked me. People called it hope. Yeah. They said that you're following that tech dev guy and he says, there'll be a second pump. He says it's all about the business liquidity cycle has nothing to do with your haveening and your reviews and your, you know, Trump tariffs. And look, here we are on the base of a second bull run that the first bull runs not over. I told you so. I told you so. I told you so. At the beginning, I, you know, I always invest the opposite right panic at the wrong time. So it doesn't matter to me. But I do like being right. And in addition to being right, we also have the Bitcoin predictor ball. Will the price of Bitcoin be higher this time next week? Here we go. And it says don't count on it. Don't count on it. The ball is bearish moving on to issue two CIA deputy director hints agency uses Bitcoin crypto as tools against China and other adversaries. As we've said before, they said Bitcoin was criminal money. They said it was untrackable. We said it was on a ledger as planned as an Excel spreadsheet. You could just log in and view it. If you had some technology people, you could probably parse it and track it the way they do it. Snitch analysis or whatever it's called. But this is a. A knowledge. A. A. A. A. A. A. But this is a continuing problem with Bitcoin that it is so transparent. The CIA is quote excited about using Bitcoin to track criminal activity. It's a competition now of who can track it the best and make money. Tracking people, of course, this could all be broken if Bitcoin would only institute Bitcoin privacy. Let's go to Thomas Hunt. What do you think about the CIA deputy director saying that they use Bitcoin and they look forward to it? Well, we've been saying this for years and maybe this is an episode of I told you so's, but yes, of course Bitcoin is good for law enforcement. We've talked about this for years. It's incredibly trackable. You can track the Bitcoin. There's even these things they try to jump off to this currency. Jump off to that one. Use this one and that one. There always seems to be a way a digital footprint that they track it. It's very different than the world of actual crime where if there's not a videotape, if there's not an audio recording, you don't really know what happened. So yes, I think that's again, but I as a technologist and I'm sure many of you out there see this as a problem with Bitcoin, a thing that can be fixed and that Bitcoin is, although they've talked a lot about ossification and we'll try to talk about that later, it is malleable. It is a thing that can be changed. Anything, of course, that must be changed. It's very obvious that Satoshi did not intend for this to be so trackable and obvious. It's kind of a like a scaffolding, a thing that you build first as a scale around your building that you then build and then remove the scaffolding. So again, I call for more privacy on Bitcoin. We had the scaling debate. Now it's time for the privacy debate or at least for somebody to get going. So let's see it. Dan Eve, what do you think the CIA is excited about Bitcoin and they're not just admitting that they are Satoshi Nakamoto and they own the whole network. What do you think? Well, they've kind of been, you know, familiar with it from the start, well, I'll say from the start from near the start, right? Especially, was it, would it be in the CIA that would have worked on the Silk Road case, probably with FBI? I don't know how the architecture works. They all kind of play. I think that NSA is probably most related to Bitcoin. They have a lot of cryptography type people. A lot of people have posited if you're going to guess like what department of the government did Bitcoin come out of in somebody's free time or in somebody's project, you would say NSA, you'd say CIA, certainly not FBI. But all of these are possibilities. Yeah. So so as a as an intelligence tool, it's, see, the anonymity is actually really good for for traceability. So again, I still speak to people now who are like, always, you know, it's bad because it's anonymous and it's, it's really not. It's, you know, once you explain to someone that, you know, you have a dress ABC and if I send, you know, a dress to address DEF, then DEF can see where I got my friends from, the addresses that fed mine, you know, unless I actually mind the coin's fresh. So it's a very traceable system. There's a snack. I think it's that XBT on Twitter. There's a lot of really good analysis on on hacks. I think he focuses a lot on Ethereum stuff, but it does a lot on the big, in fact, no, he did a big bit. There was a recent one right three and a half thousand Bitcoin, I think they went missing. And he did incredible analysis of where that was flowing to, which mixes it was going to, they were then able to, um, to trace from the mixes, what the likely, what the likely outputs were. So to try and track back, you know, back to the Bitcoin that was sent in. So for the general user, using a mixer and other means of obfuscating your transactions is generally, you know, it's a good thing. It's good, good practice for financial privacy. But for the intelligence agencies and the pros, they're pretty good at tracking things down right now. And that's, I think why we're seeing that news today, actually, from the EU, that Bitcoin is very traceable, but privacy coins like Monero and others aren't. So there's going to be a push. And as we've mentioned on the show before, nothing's probably going to push privacy on Bitcoin more than governments wanting to have their coins hidden from, from, from public view. Because that's something that's, that's going to be quite an interesting flex is when the public starts to trace what the government's doing with their coins, if they're not being transparent on the same. So businesses as well, taking the, the new 21 as an example, 42,000 bitcoins. We know Josh, Josh who's frequently on the show with Fall Toro, they created a glass books protocol where they used, you know, cryptography and intelligence and other things to show their Bitcoin without showing their Bitcoin. We don't even see this in 21. We don't even see an attempt at this. Yeah, they've, they've divided their Bitcoin by the number of shares, which is impressive, but my computer can do math too. But we don't see these actual cryptographic proofs, which are possible. Yet we know on the other side that we will see the dark side of these cryptographic proofs, as Dan was saying, the potential for marked coins or banned coins for them to say, these coins were in the Silk Road, these coins were in the Wawa, Wawa, heist, whatever it was, they, we're not accepting those coins is very possible and is a legitimate reason beyond privacy, beyond security, whatever for developers to say, we need to fix this in Bitcoin so that people can't do this to us and that we could have a software solution before they develop a political solution, which is really just as simple as a filter. These coins, coin number one, one, five, one, one, seven, one, one, nine, whatever it is, we're banning those coins. And again, developers, we need to get ahead of this. We need to get on this. We need that genius develop out there to say, oh, I've got the plan. I've got the idea to get that patch out there, make a speech about it. Do some PowerPoints. Let's do it. Dan Eaver, you're on that, let's see, the other thing I have says about the FBI. We always used to say at Defcon, they're like, when they're interviewing people in the audience who had a Fanny pack, you know, a Fanny pack that might continue. Yeah. That's bad. And they would say, oh, sir, are your parents married? Oh, okay. Oh, then you couldn't be FBI. Stuff like that. They're very fun. We had a good time spot the Fed. They called it spot the Fed. But let's move on to the exit question. Dan Eaver, will it happen? Will Bitcoin develop privacy features? Or are we too ossified, too locked up, too many political and large scale financial problems to change the network and implement the features that people want? Well, it's seeming that the more time goes on, the harder it is to push changes and get consensus. And you know, the recent, the recent PR has shown how much of a battleground, even the, you know, certain ideas of the, the, the, the opportune PR. So we privacy would be a great thing to have. And I think there's a lot of reason, even though, even though governments are pushing for again, and the EU saying, oh, we don't, we don't, and encryption's bad. You shouldn't encrypt things in Apple in the UK saying they're no longer doing end to end encryption and all that. And commercially privacy is required, gotten from a, from a political side government will require privacy. So it's going to be those that will be the drivers of where the Bitcoin gets privacy and not the general public. Obviously there's, there's voting that, you know, miners, we might vote when it comes into it. But the main push is going to be commercial, I think commercial and government. The answer is yes. Yes, we will get privacy on Bitcoin. It will happen because it's a missing link. All the roads point to this one spot where the software needs to be that makes Bitcoin private. And right now that software is missing. That step is gone. We need that step. There's a financial incentive. You as a developer could make lots of money. There's a popularity, a fame incentive. You would be a famous developer like Vitalik Booterin. People would put you on magazine covers. You could be the one. So I think that those things together, the incentives align for someone to make Bitcoin private. And also I think for multiple different directions. I don't know what the ideas are offhand. I'm sure smarter people than me cryptographic people know. But we should try all of those directions to make Bitcoin private. We should, we have a pretty open network. Hopefully we can plug in whatever your idea is. We can institute it. We can try it out. We can scale it. And whatever one works, let's go with that one. If we need to mix them together, let's do that. I think that's going to work. That kind of flexible approach. But in general, I think that I and everyone else, hopefully we all agree. Bitcoin needs to be private. Yeah. Bitcoin needs its privacy. And I mean she needs it today. As they said in the music man. Moving on, check out the world crypto network. We've got 4,331 videos you could watch us for. Three months, 21 days and 19 hours straight without any breaks. And you'd never have to sleep. True story. I just want what want to very quickly add on the last sorry, the last cycle was that maybe there's the the. The positivity is coming out of the Trump administration about about Bitcoin and Ethereum in general on other crypto is is that unless focus on CDBCs. Is that actually they've realized that. And one of the good thing about CDC see all sorry what sold as a positive thing about CDC, CDC, CDC is the transparency. And then being able to put you know, the key KYC everything. Obviously the very nefarious side, which is showing your accounts down and and you're banning your addresses from using your funds. But maybe there's there's more leniency towards Bitcoin because of anything. And because it's quite very traceable right so they don't they don't need a CDBC in that in that sense in terms of tracing funds. Because it's so easy nowadays with the technologies that we have to actually trace funds back to root. I think a lot of the slow down slow down on CBDCs might because of the success of tether. We were talking last week and in one of the chat rooms about how much money tether is made. How much money they now have for investment and that they're almost like the Arab oil billionaires in the movie network where they've taken money out of the system. And now they have to put money back in. And I think that's the end they get fees and they get taxes and they get control and they can scan everything. In a lot of ways tether is is the CBDC is I don't see the difference of the other than government sanction. Between that and a successful CBDC and in general as I mentioned in the chat room. So Toshi should have just invented tether get all the sweet fees. We've got all this money out of nothing. Feel a bank account full of USD kind of point at the bank account which again is just as strong as a point. You know it's a pointer. It doesn't have a value as a programming thing. It's not actually the thing. And that's the whole point again a Bitcoin the point of Bitcoin is that it is the thing you hold the thing you send the thing around you don't send a link to the thing. You don't send a page that says you own 10 things because of this piece of paper. You're actually control and own the things because you own the key that allows the thing to be sent around. Thus ownership is ability to control its movement. Yep. And they can do that by pressuring tether issuers and circle as well. In fact it didn't circle get a someone offered to buy circle recently. Some random. I want to say it's Justin Sun Tron or somebody like that somebody really big was going to buy somebody kind of creepy was going to buy circle. And we're totally supposed to be fine with it. And again that's the thing with these if you own your big. Oh, it's ripple. It's ripple there it is. You said someone was really creepy and and at ripple popped up just before micro seconds before the for the search return. And I was like, oh yeah, creepy ripple. That's it. And and if you own your Bitcoin in circle and you're like, I'm very secure in my future. I have circle Bitcoin now the sudden ripple owns your circle Bitcoin in the background for all you know they could make one big trade and say convert our resources into ripple. We're having a ripple reserve from now on because we're a ripple company and maybe that's fine because ripples cool. But it could be fart coin. Fart coin could take over your exchange. They could really nice run on the meme coins they could buy remember businessmen will sell to anybody. They're like, why did you sell they paid me more money like, oh, okay, like it's not so again if you're holding your own Bitcoin or if you secured them in any ways that we've discussed safe deposit boxes. We're sharing them under the house concrete memorizing them whatever is tearing the key up into pieces. We used to have that guy on who's like, I've given one word to each of my friends all over the world to hold my Bitcoin. I was like, well, that's going to be a disaster. I know you're excited about it now. But it's time to get your money. It will be a disaster. But I wish him the best and for everyone just hold your own coins. That's the point of this thing. But these CBDCs are still coming down. We got to keep moving moving on to issue three micro strategy doubles down on its Bitcoin bet we're using poker terminology now. The world's largest corporate holder of Bitcoin fall short of quarterly expectations. But as announced recently has switched to you from using equity money, large scale raising to using individual money people buying their stock and raising it. But they do keep buying Bitcoin again, the simplest strategy in the world. Dan, it didn't always used to be this way. You could have set up this company. I could have set up this company. We don't have fancy dot com Wall Street, clout like Mr. Saylor and the ability to repeat what other people have said 10 years ago. But what do you think Dan? Micro strategy for what it's worth? They do keep buying. They do keep buying Bitcoin. They do. They're definitely the chief stackers of the world right now. Certainly publicly. Obviously, there's still rumors of nation states piling in it, but no one seems to know which ones and have any evidence for it. But it's something that there's quite simple right. They don't provide any they don't build on Bitcoin. They don't provide any Bitcoin services that don't do anything with Bitcoin other than just buy and hold it right. They could be doing something more constructive. They could be feeding in, you know, giving a bit donating a bit for development, for example, or doing or doing something constructive on the top. But I think his strategy seems to be that. And it's going to be less of a less of an important strategy is as more banks come on board and it becomes easier to buy Bitcoin for the general masses and for the institution for via institutions. But it seems like his strategy was to give people a way of buying Bitcoin that can't get it via an ETF or or via, you know, buying it publicly right. So they just they just buy Bitcoin by proxy. And what's to save, you know, if Mike if Mike Chris strategy ends up getting stacking this huge proportion. Will there ever be a correlation? But like, can there will there ever be a day when Mike Chris strategy or strategy, whatever it's called strategy dumps and then Bitcoin dumps because of it because they think there's something people the market thinks there's something news. That's another not really a danger, but another risk that comes with one of these whole, you know, institutions holding such a huge amount of Bitcoin is that there's there's other links back to Bitcoin. And also making Bitcoin look bad, right. If you know what I mean, it's like we don't Bitcoin doesn't need to spokespeople and Michael say is doing a good job. He says some outlandish stuff sometimes, but he's doing, you know, but he's very he's very liked, especially amongst the big leagues it seems. But there's that link back right that Bitcoin doesn't really need a leader and and if anything, it would be nice for the world not to know who holds the most Bitcoin because I've said before if you know we don't want to know who Satoshi is because. We know whenever it would ruin Bitcoin almost and I think in a weird way knowing who the biggest holder of Bitcoin is also kind of ruins the pie. Maybe I'm just jealous. I don't have half a million Bitcoin. Do you remember domain names? You remember the early days of domain names and people would go out there and squat on your name. They'd squat on your words and they try to predict what's going to be popular. I feel like Michael sailors that guy he's just out there squatting on Bitcoin saying that it's going to be popular and I feel it's incredibly tragic for the Bitcoin space we've gone from someone like trace mayor who was such an inspirational Bitcoin leader. He had reasons that he believed in Bitcoin. He would always say, you know, the different reasons for Bitcoin success. We talk about the network effect and that these things gave Bitcoin value the network of Bitcoin, whereas the Michael sailor Bitcoin it seems to have gotten reduced to I look at chart chart go up I invest I invest more chart go up. It's not a very complex reason and what else he's doing down as far as his activism. He is inspiring people. I don't know how to say it in a nice way. I wrote parasite bottom feeder, but it does seem like he's inspiring other parasites. He's having these business conferences where you say you too as a business should just hold Bitcoin to do nothing. And that this will bring you great riches and that's not helpful for the Bitcoin network. I know the beat beat cashers are getting their pitch works out and all that. But it is a slightly different issue from just having a network that can scale and buy coffee on chain versus having people camping on your digital real estate. People that are trying to just camp out and take the value versus people that are saying what makes this digital real estate valuable is that you can cut it up into pieces and send it around the world to anybody you want. And that that's what we need to be focusing on is more people into Bitcoin more people using Bitcoin not more businesses as people into Bitcoin more businesses camping camping on Bitcoin not doing anything. Yeah, build needs to build services, you know, all of this stuff that when you first go into Bitcoin, right, we were preaching about this stuff. It was about businesses accepting Bitcoin. It was about using Bitcoin. It was about sending it freely and transacting and holding growing Bitcoin. And now it's just, you know, changed. And obviously look at this right here, Dan, we're obviously having a privacy debate. We had a scaling debate for years and years. We're obviously in the middle of years and years privacy debate. Michael sailor, where are you on Bitcoin privacy? Do you support Bitcoin privacy like I do? Do you put your huge resources behind Bitcoin privacy? These are questions that need to be asked to him and he needs to come down on one side of the other. I fear as the local trends seem to be people are in this ossification idea that Bitcoin is perfect and never changing and we should never change it. And obviously, technically, that's a path for disaster. Quantum computers, mistakes in the code, changing times. We need to have some access to that code based some ability to improve it and privacy is the start of that improvement scaling was the first thing for obvious reasons. We've scaled it's looking good lightning networks looking good. Privacy is the next one. And Michael sailor, don't just be in the past. You're in the past of Bitcoin exists in the future of Bitcoin to not just a future where businesses hold all the Bitcoin on their ballot sheets. I don't see that as the same future that we've always talked about. So it seems like the margin call level is the general figure seems to be 21k. I've tried to ask a few a eyes to form a consensus but it's about 21k. But it says that the company possesses is enough additional Bitcoin to post is collateral thus avoiding accommodation only if Bitcoin's price would supply it to below $3,562 with the company's collateral be insufficient to support the loans. That's that's that's we're never going to sub 10k again. That's for sure. So I think I think he's pretty safe there. I can't I can't see Bitcoin drop below 50k every again. Even I don't know just just seems like once we go over 100 now. It will be a while before we go back under it. I think we can analyze from afar the main risks for micro strategy would be them changing their mind. If they invented a micro strategy coin, obviously they would take their resources and put it into that a change of the board or you know Joey's cousin in marketing stole all the Bitcoin. You know, you never know what's going to happen. But really quick let's check in with the chat. I asked you guys, do we get privacy on Bitcoin yes or no starship, Schrodinger's destiny says on chain privacy is unlikely shouldn't be done if it compromises auditability. But we already have privacy and lightning. Chiquisi says I hope we get privacy, but I doubt it. Glenn T says if you got nothing to hide, you've got nothing to fear. They're talking about Monero. They might think that privacy might give too much power to the masses, maybe just pseudo anonymity, but maybe we could build privacy on top of that. It's very interesting, but we're going to keep an eye on the privacy debate. And if you have access to Michael sailor, if you're sitting next to him right now watching this on your phone, maybe poke him in the ribs and say, maybe you should take a stand on this Bitcoin privacy. And by that we mean support it support Bitcoin privacy improve Bitcoin moving on to issue four issue four finance founder CZ billionaire believes that Satoshi Nakamoto was an AI from the future. We've talked about this before on the Bitcoin group and other shows, of course, I believe that Bitcoin or Satoshi just might be a space alien sent from outer space to induct us into a United Federation of planets. Just as soon as we can unite the world under one currency, that currency is Bitcoin. It seems obvious that they're testing us and testing the ability of the merit, the human people to work together to adopt Bitcoin to become United. So CZ has a slightly different take saying that it's an AI and from the future. So not an alien, not a human. My theory with the alien is that the alien has done this on many planets before, like an intergalactic Johnny Apple seed spreading Bitcoin like the music man. And seeing this new currency, you've got Blimpflarks, you've got floor blacks, you could get rid of it. You need Bitcoin. But for CZ, the AI also has time travel capabilities, which brings up Terminator and other nightmare scenarios and means that the machines conquered time travel. So why bother doing anything. Dan Eve, what do you think about CZ's idea that Bitcoin might not be invented by an alien, but might be invented by an artificial intelligence and an artificial intelligence with time travel. Well, what are you going to say? I, AI, why not say it's from the future, you know, you're going to be outlandish. I thought I saw someone speak that was quite, that was quite funny actually. I don't obviously believe it, but I just thought it was, it just tickled me. So what if AI, obviously going off down that rabbit hole, what if AI went back in time to create Bitcoin in order to introduce mining, which in turn accelerated GPU development and increased demand for strongest GPUs, ultimately pushing AI development forward and helping us reach a GI even sooner. So they've kind of got completely down around that. That's M4 competition on Twitter. Remember, all roads lead back to Terminator. The original Terminator comes back in time. The arm survives. There's a chip in the arm that used the chip to make the sky net that makes the Terminator that sends it back in time. So what we're saying there or what they're saying is that AI is trying to accelerate its cycle and trying to get there faster, which again seems like a waste if you have time travel. I mean, why not just shoot a rocket back to the Stone Age and conquer everything then. I mean, I guess I don't know what AI's goals are. Why AI wants to spread Bitcoin, why they want to spread it in the past. What do you think, Seizie, he's thinking here, he's this he's created Binance, this exchange that hops around the world ignoring laws goes to multi, multi wants to tax them. They go to Turkey, Turkey wants to attack them. They go somebody else. They exist only in his mind and on his laptop when they're having meetings. It's an ex it's a it's a kind of a Buddhist company is kind of woo woo. But now he's out for this this AI future theory. I need your clothes, your boots and your Bitcoin. It's obviously quite a funky theory. I think it's more of a it seems more of a crowd, please a right and a not engagement farming. You know, I mean get a bit of get a bit of comments going in the chat, but obviously it's quite outlandish, but it doesn't I always thought doesn't time travel break wouldn't time travel break one of the laws of thermodynamics because you can't you would have two sets of the same atoms co existing in the same time span rights if I made of a bunch of atoms that's right right now in 2025, but they weren't the same atoms that I was made of in 1983 when I was when I was born or even before I was born. So if I was to travel back to before 1983, then I would have to take all of those atoms from the place that they were back then. And like that breaks thermodynamics I've never heard of that as an argument against it. But yeah, obviously, you know, time travel is is is probably not ever going to happen. Unfortunate even though it does sound cool. It's the back to future movies, but yeah, I mean, we could do it. We could do an exciting twist where maybe the machine was able to commit send some code back in time and another machine got the code and was able to you know build on it because it was a fractal or something. But now I agree with you, Dan, I think time travel is the big jump here. It makes it very difficult now. Could it be an AI instead of an alien. I'm with that they could send it in over the internet through the digital waves, you know, it could come in from space. That's a cool idea. It doesn't have to be interesting. It's not a humanoid or a person. And in the same way that I think that it could be kind of a a uniting computer virus. It could be a uniting computer virus from the machine perspective. And they come in and instead of like having to conquer all the humans, they just say what we own all the money. We own all the Bitcoin. That thing that you're using as money, the whole we're afraid that Satoshi might be CIA and you know come get the Satoshi coins. So she was an alien or an AI in the same way. There's no fighting. There's no war. They just own everything. What, Chicasis made a really good point that if AI did go back in time to create Bitcoin, it would have created it with privacy. Oh, critiques everybody's everybody's a critic. Satoshi, we've got some more stories here. Let's keep the stories going. These are kind of update stories. James and Lop friend of the show says prosecutors have requested that he be sentenced to at least 20 years in prison for his sustained calculated campaign of deceit carried out over years targeting ordinary people. And of course he's talking about Celsius, where whose crypto victims are demanding a life sentence for Alex Mesinski saying he devastated lives. He of course said all the things that Bitcoiners said, but was running one of those loan exchange things where you could put your Bitcoin in and get a percentage back. And it turned out that percentage was all you got back as they were messed up on the inside. Dan, even what do you think about the idea of a life sentence for Mesinski and compared to other cases such as SPF and other malpractice issues. Well, I mean, I mean, life sentence is quite bad. Life sentence is quite hardcore. They should probably should be really reserved for S offenders and murderers. But what maybe not, I don't know. It's for not defending the guy. Don't get me wrong. But like SPF what only got 20 something years. And they were much bigger than Celsius, right? Ftx was much bigger than Celsius, although I think Ftx kind of customers get a reasonable payout from the fact that Bitcoin's pumped. So there's a swings and roundabouts, but I don't know. But life sentence seems a bit hardcore, a bit hardcore, I think, for a fraud case. If you could link to it a bunch of things like a bunch of suicides that happened, something like that, then there's more of a case for it. But I just think that life is a is a is a bit hardcore. But regardless, he's probably got like just like SPF this this Mesinski dudes got probably got loads of stashed Bitcoin and other crypto somewhere that when they do come out, they're going to be like a billionaire again anyway. Well, and that might be part of the reason for keeping him in jail for life. I agree, Dan, he didn't commit a violent crime. He didn't hurt anyone, but in the same way, just to argue against you, devil's advocate. He did take people's savings. He took their lives. He took their life savings. There are claims in the article of people that may have committed suicide. And they do say that there's around $4.7 billion in customer funds that were frozen when they stopped with draws in some ways, although I don't think it changes. It still is about the number, the amount of money taken the way he took it was worse. He said all these Bitcoin things. He said all these like we're against the banks. We're fighting the banks, even the shirt here that that Jameson has and wearing is another example of originally a Bitcoin or perhaps libertarian slogan banks are not your friends. You'd expect to see this at pork fest, you know $10 some guys printed them out out of the back of his truck. But this is a big company here at the time using these crypto libertarian type sayings and and tricking people with it, taking their money. And we know people that have done well with Celsius, they got in the got out before the withdrawals. There's other people they get in late, they get fleece, they get all their money taken. So it is difficult and we've been through this certainly in the United States. We do not punish financial crime in the same way we punish violent crime. But it does take lives. It takes people's financial lives. It takes, you know, they work their whole lives for this money. They invest it with these people and not based on the value of their investment. They lose their money. That that's not a fair deal like our deal is you invest you win you invest bad you lose not broken system. Your funds are gone. And that's what both this and the FTX and presumably other cases like this will be like in the future. Moving on to the next issue, Dan, I don't know if you have any comment on this. I don't have very much comment and I really don't know exactly what's going on, but I wanted to alert you guys to an issue that's going on a Bitcoin. They're trying to uncap something called opportune. Opportun is currently limited and they want to make it larger Peter Todd. I believe has written the poll request to uncap this opportune. So as with all things Peter related. It's become very controversial and all the Bitcoiners are fighting with each other in this tweet. We see Francis from bull Bitcoin.com. He claims my thesis is that the op return debate is crafted to a display of dominance about establishing who is the in group and the out group by triggering narrative context conflict with the other faction sites all political conservative talk that technically moot. And Peter Todd of course mocks him saying tedious take that said technically moot. I'm going to sit this one out. Congratulations. You didn't agree with us. You didn't sit this one out. You're actually agreeing with us. Opportun isn't a significant difference because it's four times more costly than using witness space which they already use. We've had more as Luke dash junior is fighting with Peter Todd ending as many comments with poor Peter and with Luke dash junior blocking Peter Todd. And the response Peter says that method of estimating fees is busted because it can't deal with variations in demand. The way fee estimates are actually made by good software is monitoring what is in your mempool right now and making an educated guess at what will be mine next. So you want all transactions. And more. Peter's also fighting with Jimmy song. Jimmy song says the drama of the last few days has accelerated Bitcoin ossification. It's possible that we may have already passed the point of no return. Peter Todd responds counterpoint. It'll make changing Bitcoin easier because a big group of people who might have opposed it have shown themselves to be idiots and or scammers. Just in the field just in the field there. But maybe Satoshi also kind of has a short phrase and doesn't give a crap about before. Kind of what he's expressing. Finally we had Gloria at Glouso on Twitter writing the book of knock a moto chapter three versus four through a lot of the time. And Satoshi speak not in whispers but in hex saying thou shalt not embed thy date in every field for the block chain is not thy diary. Yet bestow upon the up return of sanctuary for up to 40 bites no more less she walked the past vanity for 40 is the number of times that we can't even imagine. Where miners may write freely use it to bear witness to mock Genesis to declare revolt as I once wrote about the chancellor but thou shalt not waste it with shields and tokens of greed or the wrath of prune shall be upon the. And it's just more fun stuff and I think he's kind of saying about how you know Bitcoin should not be written in stone in the 40 bites being frozen is just as silly as when in the old days when Bill Bill Gates said 512k is enough. And how we have you gigabytes and gigabytes of RAM Dan just really quick and I totally don't fully understand the opportune argument I do think they're uncapping it and I generally side with Peter aka Satoshi HBO Satoshi on this one. What do you think Dan opportune well from from what understands that the main the main bone contention is that it will lead to more bloating right there's going to be if you if it's cap there's less bloating. If it's if it's uncapped there's more bloating and loops obviously very part of this because of his his like what he did not compare it to maple something he went down that route like one day was like my my I'm being up to my my chain my chain space is being up for me or something like that and and do have more hilarious Satoshi speak as I look at it. He says that method of speeder says that method of estimating fees is busted because it can't deal with variations in demand the way fee estimates are actually made by good software is and the mempool we read this earlier and Luke does yours dash junior says no. If you actually had a point you'd say it with more than no and then Luke says you don't deserve more than that at this point. Truly fantastic exchanges absolutely historic weather Satoshi are not you pull internet discourse go ahead Dan sorry. So there's that there's that argument right that it's going to lead to bloat but then there's the argument that the paying for block spaces what it's all about right you're paying for the block space and and actually competitiveness in terms of what people want to fill the chain with is probably you know a very good thing because once the mining fees you know the mining rewards run out then it the next thing is that the money is going to be a lot of money. Then the network's going to be carried by fees so there's going to need to be quite a lot of competitiveness in the in the fees obviously that can you can that's with Bitcoin goes to $2 million and the fees are going to be extortion it anyway likely but there still needs to be I think competitiveness if it's going to be you know world currency slash world kind of safe haven asset etc. So yeah there's I can see the argument from both sides right people don't want bloat and they don't want it filled with monkey J pegs and stuff and then other people say well actually we kind of need competitive competitive for the block space so that the chain maintains it's security because at the moment I think I read that it's still not profitable for mining miners at the moment you know there needs to be a good nice little rise before mining is is profitable again so there's reasons why the return cap is is good but we're going to be able to do that. Also reasons why bad. That's the world's smallest filing for the miners. We'll have to keep an eye on it Dan I do think that we are going to talk about opportune more in the future and I think we'll get more detail information about this but I did see it on Twitter and and I love to see smart people fighting I think that's good theater for everybody and also where you want to be you want to be in these debates I want to see this for privacy I don't know what opportune has to do with privacy hopefully it's a step on the way there. And maybe Peter HBO Satoshi will lead us. And now just very quickly so Starship Trader who is destiny made a very good point which is that yeah they're already stuffing images and rune tokens in the witness space by the inscriptions right so what what differences make it is in opportune instead. It's going to it's already happened right they've already that's they've already the monkeys the monkey J pegs have already infiltrated the chain so you know as a non technical perspective if they are going to be able to do that. So I think the whole perspective if they already have the field and it's 40 what's the difference if it's 240 I mean I know Luke that dash junior would be saying you know it bloats the thing where like we've been saying many years you know the airplane flying around the world not recent not refueling if you put more weights on this airplane you're making it harder for us to fly I get that but other than that. And as far as I'm sure what Peter would probably say they can probably do incredible things if opportune was bigger they could put more stuff in there not necessarily monkey J pegs but we'll see the big more times like there was an argument for for for more time stamping in provenance of records and stuff like that but then I think Adam back said recently the could just open time stamps instead. It's another you know bill of document proving that you own a house or your your lease document or whatever is my monkey J peg you know yeah. And we have to say again if you pay for the blocks blocks pace you pay for the block space you can put in it you know valuable documents to save for the world or you can put horrible stuff or you could put monkey J pegs we have no idea. And that's that's like is that the that's the modern day now version of one man's trash is another man's treasure is one man's monkey J peg is my house. It's on the blockchain it's like I VM they're going to put diamonds on the chain. So I'm going to solve all your problems with your diamonds. And now of course at the end of the show the show gets political according to watch your dot guru on Twitter Trump's true social is exploring launching its own crypto wallet and token as we predicted before the path and and certainly not just the president but for the other entering crypto is a bit coins really neat I'm here to fix it I can make something similar I can make a copy of Bitcoin and now we've reached that with perhaps two social making their own token and wallet. We've also got senators Cynthia Loomis saying that president Trump supports her strategic Bitcoin reserve bill to buy one million Bitcoin I've criticized her on Twitter for this saying that it's not the reason of Bitcoin to have large institutions hold large. The reason of Bitcoin is for you to hold some Bitcoin and for you to send it around and I don't think she really understands Bitcoin other people who don't understand Bitcoin Roswell New Mexico is the first United States city to launch a strategic Bitcoin reserve. This is kind of absurd like companies like cities and and companies saying we should invest in Apple stock or Walmart because it's going to be really good. It's just kind of bizarre Arizona the state is also having a Bitcoin reserve investing 10% of their assets which certainly I like Bitcoin and maybe it'll go up but in the same way is this the point of public funds for them to take them from you and invest them in some random thing. And we've got breaking news that the EU is going to quote ban anonymous cryptocurrency and privacy tokens by 2027 Dan which issued you want to talk about first Arizona strategic Bitcoin reserve Trump truth social coin or EU ban in those privacy coins. You're muted the so on earlier I'm building on earlier that the fact that the Manero is obviously the main privacy coin hasn't actually reacted badly to the news it's up to an at 2.25% which is a bit more than the kind of average that's all 100 so the market's react generally quite well and especially Manero when the world talks about banning privacy coins because Manero is the privacy coin right they're the ones that they're the only ones that have done it right and done it properly right. So it's kind of a positive thing when you see the EU and other people earn an donation to whatever saying they're going to bang Manero or privacy coins like Manero because obviously Manero works. But yeah it's sad because it doesn't do a case for us getting privacy on Bitcoin and if they do ban privacy coins and then privacy is implemented on Bitcoin what the implications of that. Will the EU then be like Bitcoin's band or how will that be managed so there's there's wider repercussions to adding privacy to Bitcoin and obviously the EU being such a It's not I voted remain right but they are they are they're being dicks I there's no other way to say I'm on some of these these the crypto issues I think they're just it just seems a bit silly right you've got one side of the pond that's that's being like This is clearly a very important asset all the biggest banks in the world are diving in you've got the nation states that are that completely showing up the IMF and when the IMF was laughing at El Salvador at 20k and even 15k and they were really like How many people are there and I remember when it went down in the middle of the El Salvador thing they're like what a bad investment what a terrible thing and I was looking at those articles and I was like I'm down to you know and I'm not a big I'm not a country you know I'm just a dude but you know it's going to go back up these articles are going to have to eat their words if El Salvador can manage to hold a couple more years and I don't know their finances and what they got to pay for groceries but if they can manage to hold they did and now they're crazy up and still yeah they're They're kind of punishing if still with the IMF loan and all that now he's a prison warlords so it's not great but yeah so it's just sad that the the EU's going and Europe's going one way and America's going another on Bitcoin and the rest of the world really is going to go another because we're seeing you know dear I say even China and Russia are settling in certain things in Bitcoin that the Middle Eastern states are starting to get more into Bitcoin and crypto just seems like the rest of the world is going to be going to be going there. Asia is obviously very much like Japan and South Korea. It just seems really silly that we're just kind of walking backwards through revolution right now. It does seem pretty bad for the EU, but I want to defend them in the libertarian matter in that I think that the libertarians would look at and say that the states got a state. And one of the things that the state needs to be able to state, fortunately, unfortunately, whatever you want to say is they need to look into your finances. They need to look into your messages. They need to know what you're up to. And you don't like that. I don't like that. We like privacy, right? State doesn't like that. State pretends to like privacy. They give you a little shine. Like even in the EU, they have the whole protection of people acts, the digital DPR or whatever is called and they try to control the cookies and all that nonsense. We're going to protect you, but at the same time if you had into end encryption, which we all know is actual protection, actual like difficult to break by governments takes weeks and weeks needs quantum computer, whatever, backdoor magic, you know, they having real encryption is real encryption and they're going to block it because they have to state. So I understand them from that perspective and I understand them and I understand the people who want privacy opposing that and I think that eventually will come to somewhere in between there. But the EU is certainly offensively clear and offensively straightforward about their desire to state. As for the other thing you're saying, Dan, if Bitcoin were to add privacy and the banks would try to stop them, I'd like to see that movie. I think that sounds super fun. Like the scaling war or whatever they're calling it these days, the block size war, that was fun. You know, we're right. We were like, you know, right side to watch it. You know, you mean you and the audience, of course, we were watching it in the same way if the banks were like, oh, we should not adopt this pull request. And Peter Todd will be out there like, I think you're stupid. You might be Charles Swabb, but you're full of stupid. And just having this debate and Luke Dash, you know, we shouldn't do this. And I think it just my note. Yeah. In the same way that the UASF took coin base and all the other big blockers by surprise, this same thing could happen in privacy. If the people and the nodes decide that they want privacy and the cypherpunks want privacy and the coders want privacy and the banks don't want it, they're going to be holding a bunch of suddenly private coins. And that's when again, I think we're going to suddenly say, oh, it was kind of a bad idea to let all these banks hold all our coins and all the micro strategies because they might just dump. They might just say all of a sudden in 24 hours, we've changed our mind. Bitcoin is dirty drug money again. And we're getting it out of our system. We're going to be the ones that sell first. Everybody else is going to sell today, but we're going to sell first. And that could cause a huge run on Bitcoin. And I'll say I told you so once again, you know, be my theme. I think what's the other issues. I think we kind of covered the Trump coin thing. It's not really unique to him where them everyone comes to Bitcoin. Everyone makes a new coin. The fact that they're making a wallet seems especially scary to me from a technical perspective. I want to just mark that up for hacks and leaks and errors and delays and just very dangerous. They're going to do it anyway. They don't care what I say. Dan Eve, would you invest in truth, social coin? Should Twitter slash X should Elon be making his own coin? Did Trump just lap him here? I think he kind of laped him. Well, I mean, if you had invested in Trump coin when before it pumped, you know, probably could have made some money in truth, social, these things pumped because of the armies that they have behind them. But I certainly won't be buying any truth through social coin. I've not actually used it, but it looks like just a complete Twitter clone. But then so just blue sky, they all look identical to Twitter. How they not get done for copyright? They're done down in summer. It's a simple idea. But for a truth social, I think you have to wear red hat. You can't post anything like wearing a red hat. But I want to double down on this idea. I think that Elon Musk totally got laughed by truth social. It's not a crazy innovative idea, but people have been talking to Twitter about Bitcoin for years. I know that changed it, made a presentation there. I know that others made presentations. Certainly Jack Dorsey when he ran the company was aware of Bitcoin, dismissed it like Mark Cuban, like Michael Saylor, like many others, dismissed it, came back to it later. But why shouldn't Twitter X have its own coin? I think if he was now there trying to f up the government with Doge and all his other business, he would be back at Twitter, developing their own coin, make it so you could buy Tesla's with Twitter coin. Like Twitter's supposed to be this everything app. And according to this announcement, truth social, which is not a technical thing. Twitter used to be a technology company till he fired everyone. Remember it was hilarious. I'm going to fire everyone. And then there's been no innovation. And in the same way. So I think Twitter should have their own coin. Two socials have their coin. I don't care. That's fine. Dan Eve, what about Arizona? The idea of a city or a government, a state government having a Bitcoin reserve? So do they have, educate me on this? Do they have a, does each state have a gold reserve? Or are they talking about it from like a, a pensions perspective, right? I think that's an, I think that's an excellent question and a good place to start, Dan. I don't think every state has a gold reserve. I don't think they're carrying a bunch of stocks, like Apple stocks and these things. I don't think they're carrying like even like physical gold or things they need, like a reserve of video cards or a printer ink or whatever. I don't think previously this was not a function of state governments or even of national governments really. I mean, you'd have like, I guess Canada has a maple syrup reserve. It's important. You know, it also allows them to kind of control the price in the same way you would have an oil reserve. You'd have a bunch of oil on stock. So I guess in this, you'd have Bitcoin. I don't, I don't know. It seems like government's investing in things to me. It just seems really weird. Like, I think a more normal or maybe libertarian perspective, give the people back their money, send them a pamphlet, say you should invest in Bitcoin, have a program where the people get Bitcoin if they log in, which is a huge fraught with hacking and danger and other things. But yeah, it's very weird. It's very socialist, right? The idea that the people, the government knows more than you and they're going to hold your funds and invest for you because you're too dumb to do this. And it also brings up this kind of idea where everyone likes it on the way up and we're all celebrating it and we're like, has all the banks and the governments are buying Bitcoin. But eventually, right, the point of the government is not just to make money into hold Bitcoin, right? They need to sell these if they're going to build a public park in Roswell, if they're going to build a new airport, if they're going to build a new highway, whatever it is. It doesn't seem like just with micro strategy like, I still don't think there are best friend. I still don't think this is what it's about. This is definitely not what we dreamed of. But there are lots of people are celebrating it. Lots of people are are are feigning happiness. I think this is an all caps post from Pete Rizzo, friend of the show, all caps, rocket ship emoji. It's a lot of excitement. You're a really good point about not liking it on the on the way down, right? That's I think it's one thing that people taking their own risks and individually buying Bitcoin and then realizing that it's a roll of co, especially if you're around in the early days, right? When we can see like 20, 30% drops in a day and and and the opposite of the pumps, right? You know, there's it's a horrid feeling. Even when something even when like even when it goes went to 107K and drop down to 70 and everyone's like, Oh, chicken, look in the sky's falling because Bitcoin's 70K. Like and it's like, it's 70K. It's the that's incredible. That's absolutely amazing. It's all 75, whatever it dropped down to. But the general public aren't going to like that roller coaster ride very much, right? They're they're not seasoned Bitcoiners like like us in the in the trenches, right? They're they're just general people and knowing that the their state has invested in in Bitcoin and yeah, fair enough, it's gone up. But even if it goes up to 300K and then and they and they bought in at 100K and even and it drops back down to 150 in the bear market or something crazy like that. People are still going to be pissed off and they'll be like, Oh, that's only 150. You know, they they're not, you know, you know, I mean, there's a mindset around holding it and watching it drop, watching your network. Just plummet and or gradually fizzle away. And it's going to be all right in the end and normally don't have those same articles that we saw about El Salvador are going to come out right except it's going to say Arizona lost 50% of their budget investing in Bitcoin. Arizona city lost this much money. Can't afford road signs. It's going to be that same thing because I don't know how long their investment horizon is and like you, I doubt that it's long enough and as well as their conviction, they might just be thinking that Bitcoin only goes up. So we're buying in it. So it goes up and then when it goes the other way, what kind of plan could this city, what kind of plan could this state have? And maybe that's why they should just be buying road signs and not investing in in crypto currencies. As fun as everyone else, all the libertarians are suddenly in support of this. Have you noticed the I guess Bitcoin magazine is not very libertarian anymore, but the the whole status to all the status are waving the states are buying Bitcoin flag. And I guess it pumps everyone's bags. So it's like it helps everyone, you know, it's a pat on your back, but I don't buy it. I don't like it. Well, the Gordon, Gordon, turn it all search. So there's only three states that are mentioned that have gold holdings or initiatives and that's one of them's Texas that's a brilliant depository. And Utah and Wyoming that have states that have laws recognizing gold and silver as legal tender, but they don't directly hold gold reserves. So it doesn't seem like it's a it's a widespread thing. Starship trading as Destiny's mentioned very good point is that is that when hyperbicurization happens and the dollar dies, then surely you'd be glad that your state had some Bitcoin in reserve and said also do they have dollar treasuries, but I think probably more, which they they do, right? They have a balance sheet. They've got they've got accounts, but a more pertinent question would also be do they hold the currencies? Do they fold? Because that's another big quince of currency, right? We're saying that it's not gold. It's it's a currency. So do states hold foreign currencies in their in their portfolios? And that's probably less likely than gold. I think they might, but as far as the dollars, I think generally the states are trying to spend the money. They take in the money as as revenue and they spend it as programs. And so they're not really trying to make the best return because you know, you don't get returned from a lot of programs like feeding poor people or whatever. There's not like a profit. Whereas of course, if you take in the money from the poor people and invested in Bitcoin, if Bitcoin went up, you would profit. But that's not really what the states about. That's more of a corporation type thing. And that's the difference between a state and a corporation. So I think we're going to go with that for a while. But yeah, I mean, if they have they held it eventually after selling. But what do you think Dan more on this issue? Yeah, just just a quick search in that sense. The states generally don't hold foreign currency reserves because they don't control the monetary policy. But and that's done at the federal level as is the strategic gold. But obviously there's companies within the within each state which would hold currency based on their trading habits with with other current countries. And obviously for us and for people in this audience, you're a huge proponent of Bitcoin and crypto currency. It's exciting. You want the state to hold it. The state holding the thing that you're investing in that backs up your investment decision. It brings more money to investment, obviously. But it does. If you reversed it and tried to think about somebody else and they're like, I'm a big proponent of Apple stock. You know, I use all these Apple products. I like them. I think the state should buy Apple stock. The sounds kind of sort of sounds kind of like you're trying to pump your own Apple stock bags, you know, insert Microsoft, Facebook, whatever company you want to put in there. But let's move on to predictions or a story of the week. I want to start out with a prediction based upon something that Sharchup, a shorting his destiny, he's said here in the chat. Yeah, he says truth social is a fork of mastodon. And based upon that, I want to go ahead and predict that truth social coin will be a copy of another coin and that they will copy it with the flaws. The coin will come with some kind of embedded flaws similar to I'm sure there's bugs in mastodon when they copied it and they need patches and stuff. And it's going to take smart people to make those patches. But they're probably going to get hacked first. Truth social coin will be a copy with flaws. Dan, Eve prediction or a story of the week. Go ahead. I'm really I'm really boring. I'm not really doing much in life at the moment. I'll just milling through trying to maybe look at changing houses. So we're looking at loads of houses and stuff like that. So not my not a huge amount going on. So I'm just going to I'm just going to once again chill the only thing I've done in the last couple of months, which was that rap I made. So I've put the link in the in the chat. And I'm actually it's really bad quality because I just did it just in a really rushed way because I was kind of I felt inspired. But I'm going to really record it in a like a recording studio, at least the vocals for us, something like that, but like find somewhere I can record it and do a do a nicer version. So there's a grubby version that's on my Twitter, which is at Cryptopoli, which is monopoly with crypto instead. As is confusing because I'm crypto raptor, but that's save that for another another day. But yeah, check out because I still think it's it's okay to listen to. Very cool. Dan, I was just going to do a quick review of movies. We've got the new Marvel movie coming out this week Thunderbolt. So it's kind of fun. I'm thinking Tuesday, discount movie day might be fun for that. Also, I saw the last Marvel movie, Captain America, whatever, civil or new world order, whatever it's called. It was fun because I saw it in D-Box where the seats had sound and they moved around. So even even if the movies are tight. Yeah, I was like you'd get punched. If I would get punched and you'd your seat go back and you get to the other way to your seat go back. And even if it's not a great movie, I think stuff like that can add to it. I think this Thunderbolts could be an explosive movie in that way. Very popcorn, very fun. I haven't seen it, but hope for the best, you know. I saw some other movies. I saw a documentary about Kurt Vonnegut. It was absolutely fantastic. This guy Robert Weedy, he followed Vonnegut around. He was like his friend. He practically became his son for more than 40 years. He documented the great author and along the way the guy directs the movie from Mother Night based on a Vonnegut book. And a, uh, a documentary about Woody Allen, the Marks Brothers, some other great documentaries. And just out of luck, you won't believe this Dan. As a documentary filmmaker, he's friends with Larry David and he directs the first episode of Curb Your Enthusiasm as a documentary. And then later directs, I'm sure many episodes of the show is very much involved. But then he comes back to it at the end and he says, I've got a box full of films of Kurt Vonnegut. And I have a duty to make a documentary out of it. And he makes a beautiful documentary about the man, the ups and the downs, the marriage, the divorce, the later books, which shockingly people don't like. And I love like book after book. I'm like slapstick. This is great. Loan some no more. All of these ideas he's putting about about a loss of the extended family in the American people and the separation, the technology has brought us. The people being apart from their families and their villages. Just great stuff. And you can get that through the documentary. I found it on Apple TV or whatever it was like five bucks. I also got a movie. I haven't watched it yet about Catcher in the Rye called Rebel in the Rye. It looks good. It's a like a dramatization acted out movie. It's got Kevin Spacy as the teacher, which I'm sure is not appropriate anymore, but I still have it. Spacy. And I know I know he can do a teacher. I know he's going to be in there. Oh, blah, blah, blah, blah, blah, blah, blah, you know, lecturing him telling what's right and wrong. And I can still suspend disbelief and put a sideway over going on in his personal life. It's not my business. Hasn't they still been all been thrown out anyway? Hasn't it? Right. It was it was thrown out, but they still he's still pilloried for it. And he still might have abused young boys. So always bad. And yeah, I know not funny, but you know, from a stone actor is the work is still there like Michael Jackson. But the other thing I'm doing I'm listening to Confederacy of Dungsys the audiobook. I finally got talked into it and it's great. It's super funny like they always said the characters are wacky. So check that out. If you haven't Confederacy of Dungsys, I'm far behind on it. It's like a hitchhiker's guide type classic. But I'm finally getting to it. And I'm enjoying the audiobook version on Audible. So shout out to everybody who joined us. Thanks for Sharshift Shroudingers Destiny keeping up in the chat. Be sure to give us a thumbs up down below and push subscribe if you haven't already or comment later on. We always read the comments and for everything else, I think we're out of time. I'm going to make sure we go longer on the things so YouTube doesn't cut us off at the end. So are you ready Dan? Until next time. Bye bye.