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September 12, 2025 • 60 mins

Join the Bitcoin Veterans for an open discussion Special Measures to Fight Modern Threats and the proposed new FinCEN and Treasury rules targeting Bitcoin self-custody and privacy tools.

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Episode Transcript

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(00:00):
Thank you.

(00:30):
All right. Good morning, everybody. And we are live.
Thank you for joining Bitcoin Veteran Spaces.
Number 263, starting right at 9 o'clock Central, 10 Eastern.

(00:50):
You're on the West Coast just waking up.
Thank you for joining us. If you're listening to this later, we do this every weekday, 10 a.m. Eastern.
My name is Bob Van Kirk. I'll be your host this morning.
And we do have some friends joining us up here on stage.
Our long-lost buddy Shane, good morning.
Pubby, BFP, hopefully we'll get some others up here.

(01:11):
But let's take a look at the time chain today.
Thank God it's Friday, September 12th, 2025.
And we are at Bitcoin block height number 914,373.
With the price of Bitcoin sitting just above $115,000, which means you can still pick up 868 sets for each U.S. dollar.

(01:37):
And the time chain just keeps on ticking with all-time high hash rate again.
And numbers so large that most people can't comprehend.
But we're excited to be with you this morning.
We'll get the stage rearranged.
And let's go to a couple of announcements.

(01:58):
Bitcoin Veterans is having our annual second annual summit.
It's Friday, guys.
It's been a long week.
On November 10th and 11th in beautiful Nashville, Tennessee.
And day one is going to be a lot of good information, hanging out with friends.
Day two will be a range day.

(02:20):
So if you're looking to protect yourself, learn how to fire a firearm,
or have some friendly competition for those more experienced, that should be a blast as well.
Looking for people to get involved, please visit bitcoinveterans.org forward slash summit 2025.
Still taking speakers, speaker suggestions, panel topics, looking for volunteers, and also tickets are live.

(02:47):
So visit bitcoinveterans.org forward slash summit 2025.
If you join us each day, appreciate it.
Always love to have new voices, though.
So if you want to come up, ask a question, drone on about all kinds of crazy topics related to Bitcoin,
please do hit that microphone button.

(03:08):
If you can't join us on stage or you have stage fright, but you'd like to ask a question,
you can use that purple pill in the bottom right.
I would love to see your snide remarks, memes, questions, comments.
If you don't like the sound of my voice, sorry.
I do this every day.
Last announcement before we get started.

(03:30):
And we are rearranging the stage this morning, so give me a second.
Thank you to producer Eric for helping out playing some music this morning.
And follow him.
He's up here telling everybody to run knots.
and we don't have to get into that battle yet.
But, yeah, follow Eric.

(03:50):
I still don't think he has his microphone sorted out, and no, he is not an AI bot.
All right, last announcement, and this is a little more heartfelt from yesterday.
Just wanted to take a minute and give everybody a heartfelt thanks for yesterday.
Obviously, we're all still digesting and mourning the death of Charlie Kirk,
and we're at a point when people are looking to break news and be first rather than looking at truth.

(04:17):
And so we are the media, all of us, and we want to make sure we're out here spreading truth, not falsehoods.
And I said it yesterday and I'll say it again today.
We try to keep it positive here in this space and encourage you, our valued listener,
to seek truth and be a positive change in your family, in your neighborhood, and in your community.

(04:43):
And personally, I'm honored that you spend time with us each weekday, 10 a.m. Eastern.
And I don't want to speak for a Bitcoin veterans organization,
but in short, we do this space to make the world a better place.
So I'll get off my soapbox there.
But one last thing, I'd just like to encourage you to not lend your ears

(05:04):
and your precious time and energy to people with huge followings that seek to be first with falsehoods
instead of seeking to pass on truth.
If you give those people credibility, they're just going to get bigger and bigger,
and so more division and danger, I think, in our society.

(05:24):
So I'll stop there.
I want to say good morning to everybody who's on stage, and thank you again, listener, for being up here.
But let's see. We got Eric. You can give us a thumbs up. Neil, how are you this morning?
That was a little echoey, but that's OK. Let's see. Shane, thanks for joining us. How's it going?

(05:54):
Good morning, Bob. Good morning, everybody.
Man, it's been too long and I really kind of jumped in here this morning.
I'm still traveling and I just I think I needed some good Bitcoin community camaraderie, some optimism, just a better vibe.
It's been a it's been a long week and I don't know what you guys got into yesterday.

(06:16):
It sounds like a lot and I don't want to rehash any of that.
But here for here for exactly what you're saying is, you know, this is that community that does amazing things in its own community and around the world.
And, yeah, need a little bit of that going forward here.
Yeah, thanks for that. And, yeah, always appreciate it when you can come up.

(06:38):
Know you're a busy dude. So thanks. Thanks a bunch for being here.
Pubby, good morning, sir. How are you today?
Hey, doing well, guys. Yeah.
Yeah, you know, we're doing this transition.
I'm reflecting back now this summer, you know, paper, Bitcoin, knots and cords.
And just if you're sort of new here, just hang on.
All right.
The most important thing is you have your Bitcoin, your self-custody.

(07:01):
There's going to be a lot of noise out there, people you respect that will take both sides of an argument.
Just focus on what you have and the rest will take care of itself.
But, yeah, good morning to everyone.
Yeah, thanks again for being here.
BFP, how's it going today?
Good morning, Bob.
Just enjoying the morning.

(07:23):
Awesome.
Yeah, one last reminder, guys.
Maybe I'll say it again.
So maybe it's not the last reminder.
But love to have new voices up here.
We do have some speaker spaces open.
If you haven't spoken before, we try to be nice to people.
Whether you're new or you've been up here before, always love new voices.
So hit that microphone button.

(07:43):
If you have no followers, you're a new account.
We may not let you up.
If you're not following the Bitcoin Veterans handle, we may not let you up.
So please do follow so we know you're legit.
But yeah, where to start off today?
I think there's a lot of things that we can talk about.
Obviously, it has been quite the crazy week.

(08:07):
And really, anything is open game.
but we have a loose transition. Wow, it is Friday. We have a loose tradition of
going over some of the freedom tech that's available to everyone that's out there on Fridays.

(08:32):
And today I thought we might concentrate a little bit on that, but really we can go
kind of anywhere and everywhere, all over the place, whatever you guys want to talk about.
And maybe before we get into the Freedom Tech thing, I thought it would be good.
Pubby brought it up a little bit, and Eric's up here with his run nuts.

(08:57):
And then obviously this week we've had a piece of free speech kind of under attack.
And so I do think, you know, one of the things that I've been thinking about over the last couple of days is this idea of discourse, that we can have public discourse.

(09:20):
We can talk about the different sides, the different camps, the different ideas.
And one thing that I noticed that Charlie Kirk stood for was really just, you know, talking things out and may the best ideas win.

(09:42):
And I think, you know, if you come to a space or you come into your community with an idea and it's bad, someone else will come up with a better idea.
And that's how we get better as a society.
And so my hope is that we don't always have to agree on things up here.
And everyone in the space doesn't have to agree with some people's opinions.

(10:06):
But the loudest voice shouldn't win.
And, you know, as we talked about yesterday, these things should be talked out and we should be peaceful.
We need to keep calm.
So, you know, I think a lot of us are annoyed by the Knotts versus CORE debate.

(10:27):
I don't know if everybody saw it, but CORE did release the test package of CORE 30.
that does contain some of the new updates that everybody's up in arms about.
But I think this debate will go on, and the best idea will win.

(10:50):
And so that's what we have to hope for as Bitcoiners.
And with that, if anybody has any comments on any of that, would love to hear.
I know that was a lot of rambling, but I don't know.
I'm just still thinking about how we need to let ideas win, let good ideas win,

(11:13):
and debate each other on ideas.
And so just curious, Neil, Shane, Pubby, Astro, thanks for coming up.
BFP, any ideas on this?
Did anything come to mind?
Or should we just move in to hardware wallets?
Neil, go ahead.

(11:33):
Yeah, stuff I've been thinking about and kind of brought to mind,
what I want to be the change that you want in the world.
And a lot of times people will put the little Bitcoin bee there at the beginning of that.
And it's like, philosophically, that's completely correct in the sense that

(11:58):
like your being is your action is, uh, your, your human experience. Like you have to, uh,
like you get to choose, uh, as a human being, as a, as a rational moral agent,
how you are in this world, like, uh, by your actions. And if you, how you treat other people,

(12:21):
how you see other people is really that, you know, that's the, it's like the reflection of
really how you see yourself when they talk about people you know uh when they get into these debates
or whatever they're projecting uh you know their own insecurities their own fears onto other people
um and it's like that's that's actually really true like that's how we human as human beings how

(12:42):
we relate to each other and so it's like with charlie you know the idea that like oh the best
ideas win. He's looking for truth. He's trying to understand and discern the world around
him and through dialogue and talking, hone his edge to try to grasp that, a better idea

(13:08):
and a better idea and a better idea.
It's like that's how he's going to see and relate to other people.
So he goes and he goes up to these people that completely hate him, disagree with him, but he's seeing them as people trying to point at ideas, point at something real.

(13:32):
And it's like when you have that mindset and how you relate to others, like you don't have to be afraid of the truth.
You don't have to be afraid of reality because anything you get wrong or anything that someone has better, you're set up to just incorporate that recognition into your worldview.

(13:54):
So you're just constantly, you know, kind of bringing this to the like the Knotts core stuff.
Like, you know, in our human interactions, we're updating our own software package.
You know, we're updating ourselves in a way that we can better validate reality in real time as we're living our lives.

(14:14):
And, like, that's really cool.
That makes you a strong, more capable, more potent, you know, human being.
And that's, I don't know.
You see someone getting stronger through their interactions, someone leveling up, someone
becoming more actualized, and you're sitting over here just kind of like wallowing as like

(14:39):
denying your own self-dignity, denying your own human agency, not being that rational creature,
not upgrading your software. You just get resentful at the people that are doing what
you should be and you know that it's like and that's I think that dynamic is what makes so much
vitriol and like so hate like you know it's it's really in a weird way in the shooting of Charlie

(15:04):
is like that that a person shooting the best of themselves that like the destruction of like the shooter own humanity like that it really it sad like it really sad like not just that Charlie lost his life but like another human being
basically destroyed their humanity too in that single act like killing the best of what they

(15:28):
failed to actualize in a weird way. But I don't know. I just, just like, I'm going to run whatever
node I want to run, like, and kind of bring this back to software. I don't have to attach my,
my mental, my emotional well-being to what somebody else wants to do. You know, like,

(15:51):
I don't care what node you run, like, you're going to make that decision for you. I'm going
to make that decision for me. And, you know, like you guys said, like the best ideas will win. And
the strongest, in a sense, I'm just not too worried. I don't get too caught up in the whole,
like, I have opinions on what I think and what node I want to run based on what I think is

(16:12):
correct and right. But I'm just not really affected by other people's opinions.
Because that's not how this network works. Like you do you, and I'll do me. And I don't know,
But I'll just land that.
Sorry.
I'm rambling.
Yeah, good stuff.
Thank you for that.
Asteroid saw you come off mute.
Did you have comments?
Oh, hey.

(16:33):
No, I haven't talked to you guys in a while.
I've been super busy with everything.
I just wanted to stop in and see how's it going.
I haven't been around, so, you know, everything's kind of crazy lately, right?
But I don't know.
You know, I was thinking about something with the whole world today.
I'm not really a religious guy at all.

(16:53):
pretty much atheist to be honest but i just look at the world and i realize like man i think people
really need religion in their life and like community and going to church like and i'm saying
that as someone who's not even like that like i don't know man i just feel like people if they
don't like this purpose or or something they kind of just spin out like i i i think i'm sort of an

(17:14):
anomaly like i don't really need that i don't feel like i'm happy just existing but i know that's not
the norm um and i think that's a lot of the problems i mean it's just like you see they get
into this this woke stuff and all that that's their religion now right and the government it's
like they just flip out and then you see all this insanity in the world uh yeah i say that it's like
someone who's not so it's kind of funny right but that's just what like i guess observe as this kind

(17:38):
of observer that's what i see i don't know why the human mind they can't handle like
not being structured in that way, right? And having like this higher power, this purpose,
like it just, I don't know what it is. I mean, I don't have that personally, but
the average person definitely needs something. So it's just something I see.
Yeah, I do think things hit people in different ways. And so I do think it's really quite

(18:05):
interesting to see, you know, obviously a lot of people are searching for purpose and
for a variety of reasons.
And I agree with you.
I think evil tends to, yeah, make people kind of reflect.
And so cool to hear your questioning things.

(18:26):
I think that's what we all need to do.
Free Dom, welcome to the stage.
What's on your mind?
Well, guys, I'm about to go fiat mine,
and I'm going to smash some BTC Satoshis on a Friday by day.
And I'm going to leave you with that.
Talk to you later.

(18:47):
Thank you.
Bye.
Yeah, thanks for coming up and doing your part of taking more of this scarce asset off the market.
Pubby, I see your answer.
Yeah, you know, something Asteroid had brought up and something I think a lot about
and what we've seen is this serve for meaning and purpose in a lot of lives.
And, you know, I'm in my young 50s, but I remember the generation when you were being raised, all your families still lived in the same town.

(19:15):
So you had, you know, your parents, your brothers and sisters, aunts, uncles, cousins.
You had that core group.
You had church.
So anytime a question of some sort of morality came up and should I do this or not, you had that structure in place to people to go to, things that could help you.

(19:37):
And what I've noticed over those 50 years, and this was the advent of technology, families get broken apart.
I've got, look, I've got four brothers.
We all live in different cities, have our own families.
Okay, not quite the same there.
You have a sense of questioning of truth to the point of no one knows what to believe anymore.
So I see a lot of people are isolated.

(19:59):
They'll come online, try to find answers online, and they just don't get those answers.
And it's easy.
When you have nowhere to really turn, you don't have that foundation.
It's easy to see unfold what we have seen unfold over the last few years.
Life has become worthless and meaningless to many people, and it's sad.
But I'm glad you have core groups like this

(20:19):
You know, the Bitcoiners that are in my mind
The truth seekers
And will ask the hard questions
And they're always there to help each other
So yeah, stick together guys
It's not an easy world out there
But I do believe in the best part of humanity
And that's helping each other
And I think we can do that here
Yeah, thanks for that
I saw Matt giving some thumbs down

(20:40):
Matt, give us a counterpoint
So
So we're going to find out a lot more about this one individual.
And I get that this is just, I mean, his situation is unique and everyone's situation can be different.
And we're going to have all those sad details and truth come to light.

(21:02):
But it does sound like all his family lived nearby.
It does sound like he was active in the church.
It does sound like he had community.
And yet still had evil in his heart and this susceptible to terrible ideas and the ability to act upon them.

(21:25):
And we see and like last I checked, Columbine shooters lived at home with their parents.
Last I checked, the Boston bombers were brothers that like, I mean, we can go we can go down and down and down the list.
There's all sorts of mass shooters and individuals who, gee, that's so weird.

(21:45):
No one would have expected.
They were active in their community.
They did have their family, their own wife or mom or whoever never saw it coming, meaning that they were that involved in their lives.
I think we have to just take a step back and say, look, there is one to five percent of people any given moment that have evil in their heart.
and are susceptible and gullible enough or whatever, you know, fit in the adjective you like.

(22:10):
They're gullible enough to fall into terrible ideas.
And in this day and age, they have the means to act upon them.
So the only answer to me, the only answer is you've got to protect yourself and the ones you love
and make yourself as hard a target as possible.
And it's sad, but it's a reality.

(22:31):
Like we didn't invent deadbolts on locked doors because you trusted everyone in your neighborhood, you know?
And I know I'm sounding really glap as half empty here, but at the end of the day, I think you'd rather still go home and hug your loved ones than take the risk that the 1% find you in their address book or look up you and decide they want to go out with a bang.

(23:01):
with your name on it.
That's just the way I see it.
You know, I do think...
Give me a thumbs up if you guys can hear me.
My space is wigging out here.
But I do think that it's...
It is an interesting counterpoint.

(23:22):
I don't disagree with you, Matt.
I do think that people all have capabilities
to be evil and to act on that evil.
It's just, it's hard to like pinpoint.
I think people who have, who are not isolated,
have a less likelihood of acting on, you know,

(23:49):
some of the thoughts or evil that's in them.
And so I wonder, yeah,
I do wonder about some of these people who commit these acts.
And then also that we're told different stories about them.
And what are we to truly believe?

(24:09):
You know, somebody is going to build a narrative around this.
And the question is, is what wins out?
So it's a difficult one.
Pubby, your hand's back up.
Go ahead.
Yeah, it's not really a counterpoint to a counterpoint.
but in a physical world obviously you can be there with your family you can go to church

(24:31):
what i'm saying what with with the advent of certain technologies like this there are many
of those kids um that live isolated lives okay they just shut the door to their room they're
not really involved in the family life you find this out later you know no my little johnny wouldn't
do something like that and come to find out um you know the parents you know they're working full

(24:52):
time. They don't know what's going on. And that's all. It only comes later. So they go and they have their online community.
They do research. They can do this. But they go through the motions of daily life. Don't get me wrong.
I was just saying it was a different time than when everything you did was interacting in your local community versus being able to live an
entirely separate life offline. That's all I was referring to there. But at the end of the day, you look at this and it's just a trend.

(25:19):
It is just a trend that has been going on for way too long.
And hopefully what we saw this week, we'll bring it on a national sort of level discussion of, you know,
what is going on where people think this is normalized.
That's the part I was referring to.
Yeah, and I do think, you know, to some degree, some people are so much on the fiat hamster wheel that they've –

(25:45):
they don't hold their kids responsible.
responsible. There's no accountability. Shane, I see your hand. Go ahead.
Yeah, I definitely don't disagree with what you guys are saying here. I mean, it's when we're
looking at this and kind of to bring it back to, you know, knots and core and some of the things
that are going on in the world. I think it's important to remember, like friction is a good

(26:08):
thing. You know, friction introduces energy into an environment and it really pushes us to figure
some things out. It forces focus on a problem that, especially with tools that we have today,
more people can be aligned in looking at something, hopefully objectively even,

(26:28):
to figure out what are the facts. I would say, obviously, in this instance, with Charlie Kirk
versus, you know, to kind of juxtapose it against Knott's core, you know, what we saw was the breakdown of friction.
We saw, you know, a, you know, violence take place and an assassination that took that friction away, right?

(26:57):
truly it robbed people of, you know, the ability to focus on an issue, to have, you know, more
meaningful conversations and objective, you know, learning versus what we're doing here,
I think, in the Bitcoin community, which is the example. You know, you look at Knotts versus

(27:18):
Core, nobody's going out there, you know, with any real hate in their heart. There's no violence.
It's just, hey, this is our idea. This is our idea over here. Let's put these two ideas up together. Let's have the debate. Let's push for our side and let the best ideas win.

(27:40):
And I think that's probably the greatest thing about this community is this community is growing faster than it ever has.
And we're going to have friction.
I think we need to stop looking at friction as a bad thing.
We have to stop looking at the things that make us uncomfortable as things that are bad in our lives.

(28:04):
This friction in our lives is helping us grow.
It's helping us grow as individuals.
It's helping us grow as communities.
And the more adoption that we see in this community and for the push for freedom around the world right now, I think we're going to see more and more friction.
It's just we've got to be those people that absolutely shut down the idea of violence everywhere and anywhere we go.

(28:27):
And I guess I'll kind of wrap it up here is this whole thing is such a black eye for society.
And I say that because when you get into the violent side of this, where you take away the friction,
what you're doing is literally robbing humanity.

(28:52):
and the only thing that is left it's it's not the good it's not the good it's not the right
it's it's not you know good versus bad it's just who's left when we get into uh things like you
know killing each other so i'll land it there yeah thanks for that and i do see hands i i mean
once again apologize for my space is bugging out i think it was bfp first and then we'll go to matt

(29:15):
if i got that wrong you guys can flip flop yeah i just want to i heard you guys speaking about uh
a lot of meaning, meaning in your life or whether, whether it be God, you know,
the universe or whatever you call spiritual, you know, whatever.
But Victor Frankl wrote a great book called man's search for meaning.

(29:39):
And he was, uh, in the hall, in the Holocaust and he survived, but he was,
he was also a psychologist that was in there and pretended to be like a regular
doctor to survive but he has a thing called logotherapy i guess and the the the whole basis of

(30:02):
life is like having meaning if you feel you're devoid of meaning and think that you're you're
just so empty so these evil people that do evil things like that they're you know they let evil
creep into their heart and this type of like monumental moment in their life whether it be the shooter that tried to kill Trump or this random guy or whatever they fulfilling an evil deed

(30:33):
And so I think it just, Bitcoin ties into this because I think Bitcoin, no matter if
you don't believe in God or the universe or whatever you want to say, it gives you hope
for the future.
It gives you a meaning to think about if you have children or friends and family that are much younger than you, they're going to have a better life moving forward and not being robbed by these people in high towers that just steady grift off of the underclass.

(31:08):
It levels the playing field, and it's a beautiful thing.
So I think it gives logotherapy to the people who truly dig
and go down that rabbit hole of what it's all about.
Yeah, thanks for that. Go ahead, Matt.

(31:37):
Matt?
we lost Matt.
All right.
Well,
should we shift gears guys?
Hopefully we can get Matt back.
Matt,
do we got you?
We lost Matt.
All right.
Any,
any other comments on this topic?
We're about halfway through.

(31:57):
Wanted to,
um,
still give people opportunity to chime in on this.
Uh,
wanted to say good morning to Yomar and Captain Trips.
how are you guys doing today and hopefully that was wild yeah i feel like you're canceled
go ahead good oh there's an echo okay well i was just about to say if we're tying this to bitcoin

(32:25):
uh i mean i think we're missing the big point the big picture why does bitcoin have an immutable
ledger why does it require triple entry accounting why does it have a 21 million hard cap why is it
so incredibly hard to change because there's that 1% or 5% of people in the world that would,
if they could, maybe they got evil in their heart. Maybe they have bad intentions. Maybe

(32:49):
they're just really misinformed about Bitcoin, but they would absolutely tinker or catastrophically
alter Bitcoin if they could. And I see that as a very similar example to what's going on in real
life. Like, yeah, sure. There's, there's the, the, there's people that you can help and reach out to

(33:12):
and, you know, let's all raise up our community, but you're never going to get the 1% or 5% who
just are wired wrong. And so you better make your, you better make sure that you're protected and a
hard target and protect your loved ones and have a mindful eye of where you are and what you're
doing because they will they they're inevitable they are they will happen and so i mean yeah

(33:39):
bitcoin is designed the way it is so these people who will be born and interact with you
every day of your life can't fuck with your money
yo mar go ahead
hey i had a little hard hard time finding my uh mouse my uh mouse there and then thought about

(34:04):
waiting until he did the crickets but i figured i'd spare you um no i mean just going back to
like you know we're if you want to tie this into bitcoin i mean it's really about like health right
like there's all different levels of health like i posted in the little pill there like one of the
articles about you know the stuff that we like our government demands of us overseas right like

(34:25):
the heinous shit that we do time and time again for decades um like that has an impact right like
if you're asked like you know don't don't worry about those like dead uh innocent people on your
screen like that doesn't really matter like if you think that doesn't leach into like your soul
and like the soul of the country like you're definitely wrong like that that has an impact
Like that desensitizes people in an effort to like support like the war effort.

(34:49):
You know, there's a reason why like the military and the CIA and all of them have ties with Hollywood and work on like making things realistic.
Like look at the studies that they did after World War II to get people more comfortable with killing.
You know, it was like, hey, we got to introduce like this idea.
You know, we have to bridge the gap between thou shall not kill and hey, go kill for your country.

(35:09):
So they worked, you know, as a like a sizable effort to get to close that gap.
And that will have like an impact on a society.
And then you couple it.
So that's like the military industrial complex.
Right.
And, you know, if you read Bitcoin Standard or any of those books, like you'll know that Bitcoin fixes that.

(35:31):
Right.
We can't have endless wars without endless money.
So if we had Bitcoin like that would put an end to it.
We wouldn't have to try to reconcile, you know, the mass murder we commit overseas with the expectation of basic human decency.
Like, oh, that woman was stabbed. Let me stop. Let me try to stop the bleeding instead of shuffle to the next car so I don't get blood on me.
Or, you know, this father was murdered. Like, let's have some empathy for the family.

(35:55):
You know, it's hard to reconcile those like, you know, something that's just objectively evil that our government's doing.
And then them asking us to be, you know, good in the local front.
I think that's a major challenge. And then you have, you know, the other side of this is all the mental health issues, right? And if you read, like, Fiat food, you can get an insight of, like, how, you know, because we have this, the Fiat system and the way it incentivizes, like, bad food, at least all sorts of health issues, you know?

(36:27):
and then you know I've heard studies I don't know the studies themselves but I've heard studies
saying that like you know physical exercise is much more effective than SSRIs but if you're
feeling like garbage because you're eating garbage you probably don't want to work out
and if they'll give you a pill that they say makes you better they'll probably just take it and I
think that's another you know just exasperates all the problems and I think you know tying it

(36:50):
back to Bitcoin, you know, if we had a Bitcoin standard, it would resolve, you know, the phrase
Bitcoin fixes this. It fixes a lot of it, you know. So that's how I would tie this all back
to Bitcoin. Like there's sickness in our foreign policy, there's sickness in our food, in our
healthcare. And I think being on a Bitcoin standard would fix a lot of those problems.

(37:15):
Yeah, thanks for that.

(37:45):
It makes it difficult, right?
We've talked about it a bunch, lots of propaganda, but no doubt there's certainly a lot of issues.
I think maybe we've beaten this one up a little bit, and so we'll reset the room.

(38:07):
If you guys, we do have a couple of spaces for speakers.
If you guys want to come up, please do hit that microphone button.
Looks like comments are showing up twice.
So you're getting double the post today, guys.
Hopefully X doesn't deem you a spammer for having double posts.
At least that's what I'm seeing.
So let's talk about some new things that have come out.

(38:31):
We've touched on this before.
Maybe this is somewhat related to what we've been talking about this week.
But we saw over the weekend the protests in Nepal and the Daily Intelligence Bulletin that the Bitcoin Veterans puts out every day, every weekday, talked about BitChat being used as an offline method for the people in Nepal to coordinate and communicate on a mass scale during the protests.

(39:10):
And I think a lot of people have maybe cast some shade on BitChat where it's like, hey, who's going to actually use this?
But once again, I think people who need to organize and stay off the Internet are able to do so with tools like this.
And so I wanted to get some reactions from people.

(39:33):
Wade, welcome to the stage.
I don't want to put you on the spot, but did you have thoughts on this topic?
I just jumped up, guys. Good morning, though.
Yeah, anybody else?
Have you guys downloaded BitChat yet?
Have you tried to drive any adoption, or are you just not worried about it?

(39:55):
Because you live in the safest place in the world during our time.
bob um for some of us that have been on the road all week and traveling haven't had a whole lot of
time to look at uh things uh could you help us better understand i thought i saw something about

(40:15):
jack dorsey talking about this and it it will hide your ip address is that correct yeah it's
yeah you know and i think you would find particular interest in this based on uh bitcoin
veterans' use of MeshTastic, but essentially the idea is that it actually doesn't even
communicate over the Internet.

(40:37):
It only communicates via Bluetooth.
At least that's my understanding.
Yeah, go ahead, TC.
Yeah, hi, good morning.
I appreciated listening in this morning.
Still recovering.
yeah
BitShot, it's a

(40:59):
very impressive
very simple
piece of tech that is now
on iOS, Apple
App Store and the
Android Play Store
and
you load it on your phone
and it almost looks like it doesn't do
anything because it's so simple
but essentially you

(41:21):
can communicate with other people on a spectrum of different sort of methodologies and channels.
So on one end of the spectrum is the Bluetooth thing where you're literally connecting with
people in your physical proximity. If you're close enough to them, you can detect one another
and you can communicate. Then there's also the mesh network aspect of it where they're actually

(41:50):
using Nostra messages under the hood.
And so there's actually very vibrant sort of chat rooms at the moment
globally where you see people all over the world communicating.
And it's under the hood. It's using Nostra
messages to facilitate a chat phenomenon.

(42:11):
And this is pretty badass. It has this interface
where you can basically kind of go from
your immediate area to your
city and then your county
and your state and your country. You can kind of step your way
to larger and larger

(42:32):
reach. And then it's very trivial to just create a new sort of
chat room based on a unique
sort of looks like a hashtag kind of thing. And then anyone
can just connect to that just by typing that in. So it's just this incredibly versatile,
very simple communication tool. And one really interesting aspect of it is that since recent

(42:58):
updates, both the iOS and Android version apparently use Tor like all the time. And so
this is a really incredible sort of like privacy communication tool. You can be completely anonymous.
You can put whatever identifier you want for yourself.
And it's one of these things where, of course, from a Western point of view, where you're sitting there with like literally 15 different communication apps on your phone plus cell phones and, you know, seemingly never out Internet.

(43:29):
It seems like, why do I need this? But look at what's happening in Nepal. You know, a moment of crisis and the government looks to basically pull the plug on the Internet and the communication channels that people have.
and here is a tool for resilience for communication pathways.
And it's, I think, incredibly compelling.

(43:51):
And one of these things that you just owe it to yourself,
download it, link around, figure out how it works
and just keep it there as like a tool in your back pocket
for the rainy day when you need that kind of thing.
That's basically the context of it as I see it today
being one of these privileged people that lives in the West.

(44:15):
Yeah, thanks for that.
And Shane, I see your hand went up.
So go ahead.
Yeah, just wanted to clarify real quick.
So this is a mesh network that incorporates multiple types of radio
in terms of our handheld and the networks that are out there.
It sounds like it's at least Bluetooth, probably UHF, VHF.

(44:39):
and possibly even GPS.
Is that correct?
I don't think it should be thought of as any one particular communication channel.
I think most people who are using,
like most of the people you see in the Bitcoin Twittersphere
who are using this thing are on these more global chatroom channels,

(45:01):
and that's all using Nostra messages.
It's literally just, I mean, if you understand the nature of a chatroom thing,
okay, this person says this, this person says that. They're all like individual messages,
and it's leveraging Nostra relays under the hood and Nostra messages to sling those messages around
the internet and facilitate a chat. But the point is that the whole purpose of it is to have this

(45:29):
idea of you got multiple different communication channels and on one end of the spectrum you communicating globally On the other end of the spectrum you literally connecting to people who are just in your proximity and Bluetooth is able to connect you And so there a spectrum of different levels And I expect this to just continue to

(45:50):
evolve. I mean, just in the last week or so, the tour for everything just came out. That update
just came out and that's massive. It's just to kind of obscure all the communication there. So
It's just a very cool project simply because the ethos of it really does champion the little guy, and it really speaks to the moment for anyone who's living in a place where just simple communication is under fire.

(46:21):
And I would say in the West, you know, we're basically fully under assault with that just in a sort of shadowy way, and most people don't even pay any attention to it.
But we do have the need for privacy, and we do have the need for, you know, multiple backups as far as what are we going to do when your primary mode of communication gets censored or shut down.

(46:45):
And it's the era we live in, and it's just when you least expect it that, you know, that rug gets pulled.
So have a backup plan.
Yeah, one, I think this is cool, and we'll go to Wade here in a second so I can come off mute.
But one thing that I thought of using it for is in May I was on a plane with my kids and my wife,

(47:11):
and unfortunately a couple of my kids got split up and they're old enough for,
for, um, you know, to handle that and sit next to strangers. Uh, but they, um, I, I was thinking
that this could be used on a plane, uh, the Bluetooth at least to communicate. Um, and it's,

(47:33):
it's kind of interesting, like what would drive adoption, right? Like I, I get thinking about this,
It's like, you know, we've kind of touched on Nepal, right?
They're using it because they have an existential threat.
The Internet's being shut down.
But what would drive adoption?
Because these apps are only as good as the adoption, right?

(47:57):
And so I just wonder, like, in what places, in what spaces would this make the most sense?
But I think, at least in the United States, we've seen that the Internet has been deemed critical public infrastructure.
And so, you know, they make every attempt for it to stay up or at least not go down for long periods of time.

(48:18):
So I do wonder, like, what you guys' thoughts are.
Do you think it's the threat of the Internet going down, or is it more kind of what TC was alluding to,
which is that surveillance will become more seen by people and understood by people as a threat,
and they'll start adopting apps like this?

(48:41):
We can say that's a rhetorical question if nobody wants to jump in on it.
I did want to go to Wade, as I promised.
but i just want like a sipper nipper handheld communication protocol that i can sign and
validate comms with but that's that's what i want with the best user experience and if this does that
that's great yeah i don't know about the signing part i mean i i think actually bob's example of

(49:08):
being in an airplane with your family is a fabulous use case for you you have a small group of people
You're in close proximity. You want to be able to communicate and you're probably not going to have your normal communication channel available.
That's a killer use case right there. I think that's the kind of thinking you need to you need to think about.
And really, honestly, you know, I saw stuff over the last week means so much shit has been going on.

(49:35):
But I saw there's kind of chaos on another level breaking out in France, and the government there was talking about using the internet, you know, cutting off internet communication for people.
So I think it's just a reminder.
It's the era we live in.
We have become incredibly dependent on all of these lines of communication, and it's just a no-brainer.

(50:00):
You've got to have as many backup options as possible.
And to me, BitChat is just it's a really killer backup option for sort of edge cases.
But it's also, you know, it's got some sort of gravity in the sort of Bitcoin sphere.
So I look at it also as a, you know, sort of like a Bitcoin channel of communication in a way.

(50:24):
You have to you have to really think about it to kind of get a complete perspective on it.
In my opinion, it's also the kind of thing I just wouldn't, you know, have on and open all the time because there's the flip side of the privacy aspect of it.
But it's this app that I'm happy that I've, you know, spent a couple hours and familiarized myself with and tried out.

(50:46):
And now it's on my phone and I can reach for that when I'm in that situation.
Yeah, that's good stuff.
One other thing I wanted to highlight.
Oh, go ahead.
Green Eyed Ghost.
Hey, what's up? My name is Will. Not on this topic, sorry, but I got to jump at the top of the hour. I just wanted to share the good word. I'm working with the team at PubKey, if you guys have heard of them. They're here in New York, and I'm helping them set up a recurring veteran meetup here in New York City.

(51:22):
I'm going to put a link to a signal channel that I've created just to kind of get people
congregated, but wanted to share it here. I'll come on probably regularly and just make soft
plugs for it over the next couple of weeks as we get it going. But if you guys are in New York,
in New York City area, or if you have friends, or even if you just come and travel by, like,

(51:45):
please jump in there and share it. We want to get the New York City space for this,
like this community is just abhorrently lacking in my experience here and or just kind of
disconnected and not found their way together. So trying to do the right thing and get something

(52:05):
cooking here. And so grateful for the guys at PubKey to be supporting this effort and offering
the space and resource and all that stuff. So yeah, that's it. Just soft plug, but thanks so much.
Yeah, thanks for coming up.
Always good to hear of resources, especially in places that need it.
And America's largest city, I think, definitely needs it.

(52:28):
I did want to – we can hop back to BitChat,
but I also wanted to bring up another thing I've been playing around with
that some people might find interesting.
This could be useful not just from a communications tool,
but a free and open source protocol called SyncThing.
So it's SyncThing.net if you want to take a look at it.

(52:53):
Essentially what it does is it's a private and secure way to share files amongst devices.
So you could use this on your own if you were wanting to manually back up your phone to your computer.
and some people have servers and they can drop stuff on there,

(53:13):
but this is nice because it just is a really lightweight app that sits on your device
and you can sync files back and forth.
This can also be done either on a local area network, so just at home or in your office,
but you can also use this to easily share and collaborate with others.

(53:36):
So maybe you'd use this in a Bitcoin meetup group where you're collaborating on some things or some other type of team that you're on where you'd want to share information.
So if you want, we could talk about it a little bit, but if you want, check it out.
It's syncthing.net.

(54:00):
And easy to download on pretty much any device.
I've been playing around just on my local area network between my phone and my computer,
but I think it's things like this that people use in different ways to be able to do more than just communicate amongst each other,
like we were talking about with BitChat.

(54:21):
This is a way to safely and securely allow your devices or a group of devices to talk to each other and share files.
And so I think, I don't know, maybe some people in the space are thinking, man, that's not really that interesting.
But I don't know.
I like to play with these things and check them out.

(54:42):
So when we look at Freedom Tech, maybe this is something that would excite some other people or people would come up with other use cases than, you know, what's, I guess, what people see on the surface.
So has anybody else seen this sync thing or think it's worthwhile?

(55:05):
Or, yeah, just TC, what are your thoughts?
Do you think using files could be helpful beyond just, like, standard communication like we were talking about with BitChap?
I didn't quite follow you there, Bob.
I'm sorry.
Using files?
Using files?
Yeah.
Yeah, so, I mean, the idea is you can share files.

(55:28):
So it would just be, you know, any type of information that you would want to collaborate on versus just, you know,
I think BitChat is great for messaging, so is Signal.
But, you know, the way I see Sync thing is it's a nice, secure way to share more than just messages.

(55:51):
is you can actually share files on your computer or your phone with either people in your family
or maybe, like I said, a collaboration amongst people who have a shared goal.

(56:12):
Leave it to me to bring up the crickets for myself.
Yeah, I don't know.
I'd need to see the use case.
Yeah, I think it's a cool project.
It's open source, open development.
They actually encourage people to challenge it, but they do make it so that it's encrypted and private if you want.

(56:36):
You can share with particular devices or particular people.
And it seems like it's pretty easy to use and deploy.
Like I said, you can download it for Mac, Windows, Linux, Android, so on and so forth.
So it's pretty much got everything.
But good stuff.

(56:56):
Well, this was a fun Friday, guys.
We're getting down towards the end of the hour.
What else is on your minds as we look to close this out?
Should we close this one out early?
Is everybody tired from the week?
or does somebody else have something on their mind before we wrap it up?
Just want to give everybody a chance.

(57:16):
Knowing that Eric can only give a fist bump or a thumbs up or a heart, we'll skip him.
But don't think we heard from Coleman this morning.
Coleman, are you still excited about gold?
And good morning.
Hey, good morning.
Can you all hear me okay?

(57:37):
Yep, go ahead.
Well, I just want to make sure everybody who may not be familiar with me aware I am not a gold bug.
I just want to make sure I do think Bitcoin is superior in every single way.
I think if you have a gold position, I would strongly suggest not financial advice, but to move almost all of it into Bitcoin.

(58:03):
With that being said, though, I did make a call earlier in the year that I thought gold was going to do quite well.
just as the world kind of unravels a little bit more and there's a lot more uncertainty going on.
So the price of gold going up, yeah, silver going up.
I think it's impressive.
I think there's a lot of people out there that it benefits.

(58:24):
But anybody who's still strongly invested in gold and silver, again, I would highly suggest moving it into Bitcoin.
Just it's easier to and it's safer.
It's yours.
It's in your custody. You can go anywhere in the world instantaneously with your Bitcoin and nobody will know.
If someone can show me a way that you can do that with your gold and silver, I'm all ears.

(58:49):
But I figure if if that happens, you're probably going to be parted with your holdings.
So if I answered your question, Bob, sorry, I've been running around on board.
No, it's great. Always love to hear from you.
and also wanted to give Captain Trips a chance here before we wrap it up.

(59:10):
Not to put you on the spot.
Any thoughts as we close out the week here?
I'll take that as a no.
Well, we do thank you all for joining us.
We do this every weekday, 10 a.m. Eastern.
It's been kind of an interesting week.
But, again, go out there, seek truth, be positive in your community,

(59:32):
not just online, in your family, in your neighborhood, everywhere you go.
Be nice to people.
Tell somebody close to you that you love them.
I don't think we do that enough.
At least I don't.
And I think people need to hear it.
So, again, try to keep it positive here.
Do appreciate all of you who listen each and every weekday.

(59:54):
And thank you to everybody who came up again and helped me cover the space.
it's always good to have speakers
we had some new ones today which is great
and that's all we have for today
guys hope you all have a
wonderful Friday a great weekend
and remember as always
whatever you do

(01:00:14):
especially this weekend
do not shit coin
we'll do a fan favorite
it's like
taking cough medicine to cure your hemorrhoids
All people that use fiat currency as a store of value, we call them a core.
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