It's Almost Been A Decade Since Bitcoin Did This!

0:00Oh some best where Where to go? Good morning, everybody. It's okay. At least I'm not muted. It's a good start to the day. I hope everybody's doing well for some people. It's the afternoon or the evening. And that's okay. That's okay. We're gonna take a look at a lot of fun stories today. But guess what? It's almost been a decade since Bitcoin did this one thing that matters so much. And of course, we are gonna cover it. But, but also, a lot of stuff to cover. Bitcoin is 1% of the global money. Where's that mean? Where's that go? This is what could happen if a fraction,

1:00just a fraction of Wall Street investors. The Bitcoin recommendation. What it could look like. Bitcoin breaks this line. This one special line, guys. If we break that line, it's off to the races. Now, as of right now, we're sitting at 78.6. So yeah, as of right now, we have not turned 85, the 82 to 87,000 dollar range into support yet. Bear flag invalidated. Maybe. Look, if you do want to end the bear market, get a magnet. And you can do it today. Pattern is there, guys. The pattern is there. Actually, today, today Bitcoin is gonna have its first golden cross in 474 days. Shout out Bitcoin, Isaiah. That's your hope, be my friend. Ah, yeah, we're gonna do a little bit of a part two on the the liquid, the liquid network hack. That's right. It's just a little bit more information about that that we

2:06need to cover. There's a bit of El Salvador Fud. I was talking about yesterday and I said, hey, we would cover this today. We're gonna dive into this a little bit more because of course, there's always discrepancies between what the IMF puts out as a report and what the country's president says. So as well, we're gonna take a look at some ads, just some shit coin stuff, tetherbacked exchange, suddenly halts withdrawals. Oh my gosh, no way. Shit coin exchange, halting withdrawals. In 2026, I don't believe that. Today, Hunter Biden's laptop becomes a meme. Yeah, that's that's right. Are you surprised? I'm not surprised. I mean, there's only so much of that art that that he could sell for money laundering, right? At some point, crypto is just way better for the money laundering. And of course, guys, we've got a node runner's conference coming up. When is this node runners conference? Like in two weeks. And yes, we do have some blip. One and funniness guys. It's embarrassing.

3:09What's happening over there? I know they don't think it's embarrassing, but unfortunately for them when you're a shit fork, yeah, it's embarrassing. Club Underground is sponsored by our comedies, Emporium. Discover the pinnacle of precision engineering, starting with their Bitcoin logo wall clock, meticulously machined in Maine from a solid block of aerospace grade aluminum, ensuring unparalleled durability and performance. Experience the difference of a product made without compromise head on over to our comedies Emporium. All right, the numbers. Good morning, salty crayon, jackal, good morning, Matt, good morning. Clean your machine. What's up? Pre-RS guides. How you doing? No name extra. Yeah, and we're going to totally cover this. Of course, can you please stop mining? Everyone stop mining. There's a malicious minor. This is so embarrassing. It really is. But it's fantastic

4:17entertainment. I'm sorry, I just don't care. I think it's hilarious. And I'm going to make fun of it. Yeah, that's right. Good times. Good morning, Turbo. We're doing embarrassment tonight, but also at the same time, I think we're doing we're doing some other something else tonight. Definitely going to be something else going on tonight. I forgot what it was. See, that's short-term memory loss. Anyways, all right, guys, let's dive into a Bitcoin Fiat Exchange, 78,634. I guess we're not ready yet, huh? We're not ready yet to do the move. That's okay. New all-time high on the block height, 966,095,2 sats per V-byte. Total public lightning capacity, 3753,78 iPhones. A bit more. 20% of a house, guys. Let's look at 20% of a house. It's all good.

5:19Sorry, I'm like it's stuck in my head. Own death tonight. That's what it was. That's what it was. ACP tone death tonight. Anyways, it's going to be fun, though. It's definitely going to be spicy. It always is, always is spicy. We Satoshi. What is happening? Okay, let's kick it off with some river help. And Bitcoin will overtake the British pound at 214K, the Japanese yen at 499K, the euro at 943K. US dollar at $1.2 million and gold at 1.6. Look at that, guys. 1% of global money. This is fantastic. This is Matthew J. Good morning. This is, yeah, to me, solid opium. Now, what does it all mean? It's all mean. This is what could happen if a fraction of the investors follow Wall Street's Bitcoin recommendations. That's right, guys. So here you go. Let's just stick

6:23to the center area here. The 4% average Bitcoin allocation from the global portfolio adoption. That's $5.3 trillion. I love it when we deal with these big numbers. It gives you these pie and the sky expectations. That is some of the best opium out there. What it could be, I love that. People don't sell you what something is. They sell you what something can become. It's all about the imagination. Anyway, so here we go, guys. 2029 to 2031 Bitcoin price implications. Now, keep in mind, I called yesterday July 1st, 2028. We are going to be sitting at $9.6 million. Now, look, river is obviously a lot more bearish than I am. That's okay. They've got a lot more data scientists around them. Could do a lot more research. I'm just some pleb with a line and a chart. Okay. But check that out, guys. This is pretty decent, right? 203840K. That's at 17.5 trillion

7:24market cap. That's on the high end of the allocation. Okay. Now, on the low end of that allocation, we're looking at a quarter million dollars per Bitcoin in terms of purchasing power. Now, the way I see that, that tells me that in 2030, the monetary system hasn't collapsed. Quite possibly, though, with Bitcoin at 840K, the monetary system is kind of running a little bit faster. So, I don't know. Take your pick. Maybe 250K is just less pain. 840K means we're in way where we're shaped than we think. Not in Bitcoin, just the economy, the global economy is a whole. Anyways, all right. Let's continue. Crypto, Michael. He's drawing, oh, look at that. Michael, XBT. Look at that. This shit coin just took on the ticker symbol for the Blake 2B because they didn't like their ticker symbol. Because it was BTC 2B, which obviously indicates that it's it's a clear shit fork, which it totally is anyways. But this is funny because this is a

8:29shit coin or XBT, right? And I don't know if you guys know this, but they recently have decided to take on the ticker of XBT in the Blip 110 world. Anyways, when Bitcoin breaks this line, my next target will be the new all-time eye. Of course. Okay. Anyways, you know what? Let's go just for the sake of it. Right? Let's, you know, I'm going to pull up the charts. We're going to take a look at this. Oh, wait, that's his chart. Not my chart. There. Chart. Okay. Alright, so he put this thing on the week. Yeah, that line totally has to disappear for it to be straight. Okay. So there you go. Now let's go back and take a look at this guy's thing.

9:33Alright, so he's got some angle to it. He's got some angle to it. I have a little less angle to it, but of course, I understand what he has done here. He's done this. Okay. Fair enough. Fair enough here. I want to pull this up. Okay. So there you go. Now if you want, let's just simply move this thing. You want to make it tougher for yourself? Here. You can just do this line too. Take your poison, guys. Take your poison. Which line do you want to be the one? Yeah, I'll just take the lower one because it's the lower hanging fruit. Okay. I'll just do that because it's lower hanging fruit. Anyways, Michael, XBT. Yeah. Yeah. The liquid network isn't it isn't Bitcoin, right? And that was the thing, right? Yesterday, when we started to talk about this, it's their shit coin. Okay. It's LBTC, right? It's LBTC that they managed to peg out into real Bitcoin

10:40that was being held by the federation that essentially is just a bunch of hotlers with signing the vices. Here you go. Dude, I hope that the Bitcoin hacks don't come in threes. However, never two without three, right? So what's the third one? What's the third one going to be? That's right, hard-oddl, DCA to BTC. Reduction of noise makes it easier to hodl. Okay. Some deante. Yeah, this is an account that I follow. I love that he uses the MF Doom. A variation on MF Doom. Take a look at that, guys. Did we actually invalidate this bear flag? And of course, right? So we've got to go back here. He said it doesn't mean I have a freaking image to the stage while something else is on stage. Anyways, okay. So look, this was the section right down here. We can move it up a bit. As of right now, this is looking good, guys. It is.

11:49Okay. As of right now, everything is fine. What we do need though, you could see over here, right? You could see here. And again, I'm not using the hike in Ashie, so I'm not taking the noise out of the volume. But yeah, this is essentially what we need to break, guys, to turn it into support. Okay. That's really what it is. Is that simple? Hey, cold back. What's up? Anyways, okay. Back to the slides. Back to the hundreds. All right. Here we go. Some matsy, hopium. Let's do it. Bitcoin bulls have three days to seal the deal. That was two days ago, guys. We had to seal the deal today. We had to seal the deal today. And look, in fairness, we haven't broken down. Okay. So that does matter, right? And look, he gave us a magnet. You know I'm a huge fan of the magnets. Okay. But we are still right here in this range. Okay. Like we are still right here. I'll do this again. Look, this is it right here, guys.

12:57This is the range he's talking about. We can stay flat here for a little bit. Doesn't mean anything. It means absolutely nothing. Just means sideways action. That's it. I'm not doing tacos tonight, unfortunately. And no dairy queen for me. I'm going to do the right thing. I'm going to have a pot roast. There you go. Those dairy queen drinks, though, the fricking, the muladas and the deque coolers. I mean, that is some serious fricking diabetes. I got to tell you, it tastes great, but it's pure diabetes. Okay. Look, you know, we're at that point in the cycle where we're bringing up bit pain. Look at this. And I think this was Phil C. I think you're the one that I think you're the one that tagged me in this. Look at the size of that fricking magnet. Now look, I got to tell you, bit pain is always bolt-hearted. And I'm not making fun of that. I'm also a bulltard. But damn, look at that magnet. He's got a lot of hope here. Trust me,

13:58dude, I want to see it pull up to 88K, too. And I want to see it turn into support. I'm just not there yet. And actually, last week, I think it was with a week before a late of, yeah, I put out a tweet, a post saying, hey, look, we're, you know, we're going to try for 82. And guess what? That totally failed, right? Like we broke down. Yeah, we kind of hid it. We kind of skimmed it for a second right below. And then actually here, where did we go? We did like 82.4. Okay. We did like 82.4 and then we went flat. So again, to me, this is just a good place to create support. I'm okay with that. Yeah, that's right. It's Old Man Food Tonight for Phil. Yeah, consolidation for a few more weeks. Dude, it looks like it's going to happen. It totally looks like it's going to happen. Let's see, let's see how it plays out. Okay, that's right, guys. We're pulling out the Willie Wu Helpe and

14:59again, right? This is, you know, Willie, Willie just throws whatever he can at the walls to see what sticks. It's almost been a decade since the last time this happened, the last time Bitcoin decoupled from stocks to this degree. So we're doing the whole thing again. We're Bitcoin is decoupling. Hey, we're, we're still waiting for the decoupling. I don't know. This has been as late as the OPM. I'm not buying the whole decoupling thing necessarily. It's just not moving in lockstep. That's all I love the Acme magnet, by the way. Anything that Acme made, I don't know why somebody didn't just make a company like that to make all these ridiculous toys. There you go. I mean, think about it. I'm a Gen X or I would have bought all kinds of useless crap from them. Yeah, really is the Looney Tunes magnets. You go walk magnet. Ah, yeah, I get what you, I get what you're saying over here a little back to the future stuff. Gotta love it. Oh, dude, Willie Wu is there all the time putting out a whole lot of terrible takes.

16:03But this one I decided to use because he's got the this time it's different and we haven't done this thing in a decade conversation. He's always like, yeah, all right, why not, Willie? We'll give you a day in the sun. It's happening, Phil. All right, the crypto jelly stuff. A pattern is there. Monetary policy could be aligning as well. Now look at how freaking bullish he is, guys. This is solid stuff. He's calling it a turbo bull, okay? Shout out turbo. Turbo bull and the upper point of this still not in my range. Still a little bearish, but he's pointing to 780K. By when? 2028. I gotta tell you, my $9.6 million call is just looking better and better. That's really what's happening here. I don't actually think it's real, but it's fun to talk about. Anyways, Isaiah, here we go, man. Bitcoin is gonna have its first golden crop. Did we do it? I gotta go back and take

17:07a look or I gotta wait till the end of the day. Last five golden crosses, 15% in three months, 56% in two months, a hundred and 15% in five months, 41% in two months, 50% in two months. Based on previous golden crosses, we should expect Bitcoin to be 91 to 170K. That is some realistic opium. Look at that. Great job, Isaiah. Great job. I like that. I'm bullish. I'll continue stacking. Why not? We shall continue the stack. All right, so a little follow up here to the liquid stuff, right? Yesterday, sorry, two days ago, liquid split into two versions of its transaction history. And this is essentially how they managed to pull this scam. One side accepted a dispute of transaction, two withdrawals from that side were later paid together in one transaction, as we know, sending 4,000 Bitcoin from the federation wallet.

18:09And as we know, found this out yesterday on the show, 600 Bitcoin stayed behind. Now, the person or group that is calling themselves White Hat hackers, I don't think they really understand. And I think I talked about this yesterday too. So look, it's very simple when it comes to this. All of these different types of hackers. There's White Hat hackers, there's Gray hats, and there's Black hats. White hats don't do what these guys just did. Full stop. Full stop. They don't steal. Because that's what this is. Had these guys have done a responsible disclosure to block stream and not stolen any funds, that would have been what a White Hat hacker did. What these guys did is more in line with Gray Hat. And a Gray Hat, it quite simply is they will do good things, and they will also do bad things, right? And that's really what it is. That simple and a Black Hat

19:09hacker, you can imagine what that is, right? A Black Hat hacker just simply does nefarious shit. Now, in that category of the Black hats is varying degrees of capabilities, but you could even argue that like script kitties are in Black hats, right? They know enough to be dangerous. They're simply just going to run scripts that steal shit from people and install malware and Trojans and stuff like that. That's pretty much it. But this is nonsense. These are not White Hat hackers. Okay, keeping $50 million, 15% of the total for what? I don't get it. I mean, obviously you're keeping it to have the money, but how does that make any of this White Hat? I only I'm giving back some of what I stole from you. Is it gold hats? Maybe. Definitely fiat hats. That's for sure. Because there's some mental gymnastics going on there. That is 100%. Yeah, right? The

20:10Finder's fee. You know, you got to love the frickin' Finder's fee. What is it? Watching Coyote versus Acme last night. It's about Wiley Coyote filing a lawsuit against Acme for selling the effective products. Who knew that Acme was cold kite all along? Who knew? What is it, Cold Deck? Do you add Adam got excited? The world and the most boring speaker. Adam's an interesting one. Yeah. Pretty monotone. I've had him on the show a few times and I've met him in person and hung out with him for a while. He's definitely a low key dude. Very low key. Yeah, exactly, Rork. Right? Grey hats can be mercenaries for higher, right? But both sides of the coin, right? They can be hired to do, quote unquote, objectively good things and objectively bad things. They don't really, you know? Yeah, exactly. Give him a cookie. Give him a

21:12flu shot. Cookies, flu shots. What's happening here? Hacker's is such a funny movie. Such a funny movie. And you'll notice that one of them is essentially playing the role of the guy who created the Captain Crunch whistle. I'm not mistaken. He took on his name. If I'm not mistaken, it's Emmanuel Goldstein. Anyways, yeah, there's a whole bunch of Easter eggs in that movie. I got to go back and watch it again. Anyways, yeah, we still got more stuff on this. Sorry, guys. Okay, so look, there is a great little website by Mars Munch. The link is in the show notes. Okay, and he's got a, you know, like a nice little dashboard as to what's happening. So guys, the the block stream incident is still listed as active and liquid still has everything paused. Okay.

22:15That's pretty much the most recent update. All the rest of this stuff is stuff we already know. Right? Moon soon. It's serial killer. Yes, exactly. But they actually say his name, so to speak in it. Right? Because the the cop, right? He says everybody's names individually and then puts out their their aliases. It's funny stuff. That movie got me really interested in computers. That's how old I am. Alright, anyways, let's move on. So guys, the liquid stuff. It's pretty much all died down. There's nothing new. I know that the conversations are still ongoing. That 15% has not been returned yet. So anyways, moving on here, guys, IMF, Nightbook, LA, let's do it. The government of the government of El Salvador, right? In a deal with the International Monetary Fund, not to purchase any more Bitcoin and has transferred the majority ownership and control of more than 7,763 cryptocurrencies valued at

23:20over $632 million into the hands of a private operator. According to a statement issued this Thursday by the fund. Okay. So they are claiming that El Salvador no longer has their Bitcoin. Okay. But this is not entirely accurate, of course. And again, it's not this isn't about being a cheerleader for El Salvador. I am just talking about this because he claims to like Bitcoin, any stacks Bitcoin. That's it. Okay. This isn't like an endorsement for the government, for their laws, they're all that shit. All of that's just fucking focus. We're talking about this because it's Bitcoin. That's it. Anyways, Naib Bukele. Normally, I don't respond directly to so much fake news, but this one seemed like a good example of how these journalists and media outlets blatantly lie to their readers. Read the tweet which claims that El Salvador has transferred its Bitcoin reserves to a private entity which is totally false. Here is the link to the same institution that LPS

24:24cites as a source for the IMF. Okay. Read it. It clearly says the exact opposite. So here's the actual article itself, right, from the International Monetary Fund. Who would think, right, that the IMF, which is essentially just another centralized private bank that issues its own currency out of Benere, who would think that they would release FUD in order to gain more control or a footing in a country, any country? Lastfamous, you'd say, right? The blasphemous. The ownership and operational control of the government's e wallet has been transferred to a private operator. So that just means the Chivo app or the Chivo app. That's all that is. It's not Bitcoin. It didn't transfer any of their Bitcoin. None of that has moved. And the other thing about El Salvador not buying any more Bitcoin.

25:24So you can go take a look at their Mempool.Space instance. This is guys. This is a screenshot from last night. They've been buying Bitcoin every single day. Just total for nonsense. Total for nonsense. Anyways, all right. So are you surprised? I am not surprised. Tetherback exchange suddenly halts with draws ahead of shutdown. Oh my gosh, no way. Tetherback crypto trading exchange announces a shutdown after discovering a shortfall of 7 million in client assets. Chillion exchange or Orion X revealed that a forensic audit confirmed a transfer of assets worth more than 7 million held in custody to wallets not administered by the company. So this just means like nobody's actually watching anything. And then all of a sudden a few months later, they pick up on it. Kind of weak. The exchange said it filed

26:28a complaint with the public prosecutor's office for an investigation and filed the criminal lawsuit against the co-founders, Jocken D. As and Roberto Zybert. The exchange said it has temporarily suspended withdrawals. This is the funny part guys. This is, see, like it's not, it's no surprise, right? That a shit coin exchange goes down, goes bankrupt. But what I really appreciate are the mental gymnastics that they do in order to validate them stealing your money. The exchange said it has temporarily suspended withdrawals as part of the closing process, right? Because, right, you, you might be nefarious taking your own money back, right? That's usually an aferious thing when you go in with draw funds from the bank, right? So stupid guys. In case you can't hear the sarcasm in my voice, claiming the move and this is the best is intended to ensure no client gains and advantage

27:32by withdrawing before anyone else. Please explain to me the mental gymnastics that just went into making that statement. And look, if you're surprised by that kind of wording, this is what corporate, I mean, I'll just, you could say corporate America. To me, it's just corporations as a whole. This is what business speak looks like. This, it's, it's complete gaslighting and nonsense. If I was to withdraw my own money, how the hell am I getting an unfair advantage over somebody else who doesn't have access to my foot? Like, what the hell is happening there? It's embarrassing, okay? And this is just a great example of infinite human stupidity. People that make these statements, businesses that make these statements to me like they just,

28:35the individuals that come up with this genuinely believe that everyone around them is dumber than they are. It's so sad. It is so sad. And one final statement here from the Orion ex founders, date, there is no certainty or clarity regarding the company's accounting discrepancies. So, let's back this up now. We're going to go all the way here. You can't withdraw your funds due to unfair advantage, unfair gain of withdrawing your funds. That, that makes sense. But then wait, there's no certainty or clarity regarding the company's accounting discrepancies. So why are you freezing the funds? Oh, God, I'm so sorry. It's just so embarrassing, guys. I'm just so embarrassing. No client gains it. Nobody gets an advantage except for the exchange

29:39rarson. The rarson, right? The exchange gets the advantage. Hey, what's happening, Roman? Good morning. What is it? Insert clip from back to the future. Oh, wait, yeah, exactly, right? Like we've seen this so many times before. But again, like I said, it's for me, it's the excuses. It's the mental gymnastics. It's the absolute bullshit and gaslighting that these businesses come up with in order to steal your funds. The businesses and competent, they lose your money and then, and then they go and treat you like you're the criminal. Does that sound familiar? If it does, it's because it's very similar to the KYC process, right? The know your customer process or AML process. As we figured out, KYC AML only stops about 0.01% of crime that is done

30:40through, right, through money laundering. And the reality is, is that all it does is give the criminals a checklist. Hey, what do I need to do in order to use the payment rails legitimately? This is no different. It's insane. You went, you gave them your money, you gave them your data. Now, they took your money. Your data is hostage and you can't have any of it back. And guess what? You're the criminal. That's, uh, I don't even know. I don't even know. All right, more slop. Let's do it. Hunter Biden's laptop becomes a meme coin today. Yay. I'm sure we're all excited. Hunter Biden is turning his laptop into a crypto token called laptop set to launch Wednesday on base, a blockchain built by coinbase. Yes, we know, we know. Bingo, cold deck. It's never about

31:44our protection. KYC AML was always about, moats and data gathering and obviously government control absolutely hit the nail on the head. Okay, so look, the supply is going to be a billion tokens. That matters, guys. Gotta keep that supply limited. Okay. Does anybody know like what, what, what does Hunter actually do anything for a living? Like, I know most of these people, they're supposed to have, they should have gone to school or something and got some kind of education. Does he actually do something besides the money laundering with the paintings? Anyways, so here we go. Founders are going to hold 30% locked for six months and fully vested in two years. Look at that, guys. Bagger distributions. Stokens going to pop two blocks of 20% cover the air drops and the tokens own costs. It really doesn't actually cost anything to make a token.

32:44I mean, look, like I said, like six years ago, it was like 20 bucks. You could mint a token and specify all of its settings and everything. So I mean, I don't know what you need. It doesn't matter. The burn is the pitch. As up to 30% of the supply can be destroyed, but this is the fun part, guys, only if 30 set events land the right way. So check this out. They're going to burn tokens if everyone just does what Hunter and his team says. Okay, and here we go. Here's a couple of the examples of what they need to happen. One is a democratic in 2028. Another is a new record for Bitcoin, which trades near 78K against the peak of 126K. That's a 60% climb from here. And the third is steeper than it sounds. Laptops has to beat Trump on fully deluded value. And Trump's sits near 2.26 billion. I mean, look, if you still think that we're not totally moving full speed ahead

33:46towards a casino planet, you got another thing coming. Yeah, that's it. Cold deck. Still BTC full port laptop. Dude, they're going to burn tokens if 30 events all line up at work. Okay, so no contract address is public yet. And scammers have run this play before in February 2025, a hacked world Liberty Financial account pushed a fake baron meme coin, which we're all aware of and we talked about it kept trading even after the scam was exposed until Hunter Biden or his team posts an address treat every laptop UCS fake. So I am actually going to take it one step further, even if his team posts an address, I'm going to tell you to stay away from this garbage. Okay, it doesn't matter. Just even if his team does it, it doesn't mean it's not a scam. It doesn't mean it's not a rug pull. Even Trump's token is down over 90%. Melania token is down over 90%.

34:47All of this is garbage. All of it. But it's entertaining and we are laughing. Let's turn our attention to the let's turn our attention to the blip to the blip stuff. Yeah, dude, totally. It's it's such a scam. All of it is such a scam. It's so bad. But it's so funny, right? Like think about it. So the burn tokens, okay, we're going to go back for a second. So look, the burn tokens was already used like seven years ago or 10 years ago. I don't even remember anymore. Okay, and that was one of the draws of original shit coins. So you might remember, you guys probably know Bruce Fenton, right? Freedom maximalist lives in New Hampshire, right? So, yeah, Bruce always has the good things to say about freedom. And guess what? Under that same flag of freedom, Bruce made a shit coin called Ravencoin, right? And Ravencoin was going to hear me out. It was going to replace how equities are done, meaning that essentially

35:54every equity that you create on the Raven network, they would burn tokens, right? So as you create equities on this shit coin, the scarcity proposition goes up. You're probably wondering what the hell's Ravencoin if you never heard of it? Well, there's a reason you never heard of it. It's a shit coin. A shit coin that's down over 99%. And you know, just for the sake of it, let's, why not? Let's go take a look at how Raven is doing against BTC. Oh, there it is. Ravencoin. Ooh, guys are going to love this one. Sexy chart. Very sexy chart, guys. And by the way, this is the weekly chart. Oh, yeah, look at that. Look at these fucking completely flat line. Oh, yeah. There it is, guys. It's nice. It's all shit coins. Everything is for shit coins up and down.

36:58No, no, Ravencoin wasn't part of Richard Hart scam. But yes, he was promising to burn tokens as part of Hex. So yeah, Hex was different though. Hex was the, if I'm not mistaken, it was the first digital credit deposit, right? The first CDS or something like that? Oh, they're back at it. Thank you, Rork. What a surprise. Yeah, of course, right? He's been doing the rounds and look, this is one of the things. When you see a lot of these guys, okay, when you see a lot of these guys start popping back into spaces into x spaces and starting to say all the magic words about how they love Bitcoin, they love freedom. They love all that shit. Guys, all of this is the same playbook over and over again. I love Bitcoin. Here's my new shit coin. I love freedom and Bitcoin's cool. I've got this new product. It's the same fucking story over and over again, guys. It really is. Anyways, my whole point was burning tokens didn't help. You saw that chart. If you made the mistake,

38:06of buying and holding Ravencoyne, you lost 96% of your wealth against Bitcoin. Full stop. Every one of these is going to get you rugged. It doesn't make a difference. It really doesn't. Okay. Anyways, onto the blip shit. So, well, remember when Blake 2B clowns were bragging about their shit coin being decentralized a few days ago? I do remember. While the hash rate was so low that a single miner stepped in and started mining nearly half the blocks. Oh, there's a chart. Look at that. Look at that, guys. Alpha pool. Alpha pool came in and took up almost 50% if not more. Uh oh. It's not good. And take a look, guys. The same way that right now, all of the current Bitcoin network apparently attacked the Bitcoin network. Right? Here it is again.

39:09Right. And this is from Chris Guida, which is also datham owned, right? Who put in the PR. Nobody knows. Nobody knows. Right? Who wrote? Well, he actually didn't write Bip 110. Bip 110 actually came from Portland, Hottl. This is the funniest thing. I don't know how many people are aware of this. Portland Hottl is the one who wrote the original spec for Bip 110. And then the uh, Luke coiners took it on as their own because they can't make this shit on their own. And they just ran with the ball. So ironically enough, the guy who created slipstream is also the guy who created the spec for Bip 110. And these guys have shit forked off. Anyways, it's, it is so comical. What has happened? Uh, I'm enjoying this. Anyways, here we go, guys. Bitcoin is under attack from a hostile mining pool. Oh my gosh. No way. Same story. Different shit coin. Why are people so hostile towards these guys? They're just so virtuous. They're so virtuous and good. Everyone is just trying to stop them because everyone else is just so evil. If you're mining on the Blake2B chain, be ready to implement mitigations. Be ready to do what I say. This is a rapidly evolving situation following

40:12discussion, follow the discussion in knots discord. That's right. So here's alpha mine writing back. I'm not a hostile mining pool currently already running datham tides, coin-based split payouts, and I'm working on releasing the full version with minor side template generation while actively trying to get minors off of my pool. Wow. Look at that. But that's not enough guys to turn off your pool. Don't you love decentralization? I love decentralization. I think this is fantastic that you have one person that can tell a mining pool what to do and threaten them. This is so good. This is so Bitcoin. You guys really are saving Bitcoin. I'm so proud of you. The Pringles guy, Chris Guitau, the cat eater, the depressing mechanic. These guys are fucking amazing. Oh, but wait. We forgot about Matt Crapper as well, right? With his little rhetoric machine. You're still mining blocks. You can afford to stop mining for a few hours. You see that, guys?

41:13You can afford to stop mining for a few hours to help the network. Communism ever looked so good. The longer you wait, the more hostile you are proving yourself to be. I couldn't imagine being this fucking Karenges and Adults. Instead, I'm this Karenges and Adults. It's totally different. Anyways, I will not rug minors because obviously guys, this became a whole conversation. I will not rug minors simply because you don't care about them. I care about them. I also am one. Look at this. This is again a crazy thing. Minors are also network participants. Makes people cry. So it is clear you don't care about me or my community. Yet I still care about engaging your community. I'm doing my best to do the right thing even after the way you all have treated me in the last week because I have integrity and I'm not malicious. You framing this whole situation the way you do speaks multitudes about your character by the way.

42:15Almost cultish in a way. Wait, are you kidding me? Are you telling me the shit coin minors that hopped on to this thing have finally came to the same conclusion as regular Bitcoiners? That this is just a stupid, weird cult. Wow, no way. How are all these different people who don't talk coming to the same conclusions? Almost like there's a common shelling point here. Oh boy. Like tricking people, but that's a debate for another day. For the 199th time is the same guy. Okay, alpha mine. I'm going to walk the middle path and move professionally and responsibly. I will not bend the knee to you and screw over a bunch of people. You can just deal with that. I've already instituted caps on my servers, released coin base split and nearly ready to release datum tides phase two and I'm giving the miners time now to move off my pool. Once they have had some time, I will increase the warnings and lower even further the server caps to force hash rate off. I will do this on my time. Not yours because yeah, they don't fucking work for you, dude.

43:18This guy can do whatever the hell he wants. This is what an open network and an open protocol is all about. Cry harder. Want to be tyrants. Again, something you can just deal with. You know, what? Even if these guys are shit coiners, I appreciate this way to go alpha mine. Chris isn't done yet. It's time to virtue signal. I care about network integrity. So I would just like these guys to quantify for me what network integrity means because I bet you they can. It's a line in the sand that's made up of unicorns. That's it. Anyways, I care more about network integrity more than I care about opportunistic miners via with see a hardware. We literally just fired the miners a week ago and we'll do it again if we need to. You promised a curtailier pool down 30% by tomorrow. If you do it, that will restore trust. That's right guys because Bitcoin is trust me bro technology. If you don't, then we'll have to escalate. So I don't think they

44:21understand really what happened. You didn't fire the miners dude. You forked off onto your own shit coin and the disservice that you were doing to unsuspecting doobs that don't understand that you're a fucking scammer. Dude, Carmically, this is going to be really bad for you. Anyways, I don't really care because I'm not buying your shit, but yeah, I'm going to clown you and make fun of this for a long time because it's funny as hell. We don't work for you. You work for us. If you don't get that, we're firing you. False notions of grandeur and tyranny are one of the funniest things ever. Just laugh and laugh. Anyways, good times, good times. All right guys, if you are in the Netherlands because that's right, Brinky, I am not even trying to say copulge. I'm not even going there, okay? I've tried before. It doesn't work. But if you are

45:26in the Netherlands September 19th and you want to go to a hardcore Bitcoin conference that's probably going to have more signal than most of the Bitcoin conferences, check out the node runners conference. No lawyer. That's right. Exactly right. Peno liar, of course. Of course. This is what it is guys because pretending to fight arbitrary data. That's what matters. It doesn't matter that the arbitrary data is still there and can still be placed there. That's irrelevant. What matters is feeling good. Dude, this is Rarson. This is what happens, man. Look, all of these guys, they feel empowered. Okay? Rarson is saying for the people on listening to the audio only, why does everyone suddenly sound like a clone of Lucas? Because it's empowering, right? They see what he's doing. And a lot of times, look, it's going to sound mean, but there's a lot of people who are genuinely

46:28just looking to follow others. They're not looking to figure things out for themselves. They're not looking to practice thinking critically, possibly even holding contrary ideas in their mind that they don't necessarily agree with. That's not what it is, right? It's pick a side, hold a flag, march to the tune. And that's it, you know? And poor Chris, I mean, in fairness, nobody, nobody even knew who he was before any of this. Nobody cared. So this was a way to make a name for himself, right? Cratter. Cratter was doing fine. He didn't have to take this on at all. So I don't know what the hell his deal was. The Pringles guy, right? Again, somebody who just nobody gave a shit about, nobody was paying attention to and it was like, you know, he was kind of like at the bottom tier of influencers. He's like, man, I need to move up. I just see a bunch of people following their own, right? Their own incentives. And it's funny because these people immediately took on

47:32the Luke monarchers, right? Immediately going out, calling people liars and peddoughs and all that stuff. And it's like, you know what? Did you ever stop to think that your obsession with that stuff is a you issue? Because I actually use Bitcoin as money, right? Like that's all I'm doing. I pay people in Bitcoin and people pay me in Bitcoin. That's it. So all that other stuff that's in your head. Anyways, it's good times. But look, back to the stuff guys, the node, the node runners conference, let's freaking go September 19th, they're doing cool stuff, actual signal, not this shit coin stuff that we're talking about Bitcoin maximalist unite in Arnhem. Netherlands. All right. Join the Orange Pill node runners community on September 19th for a Bitcoin only day of talks, workshops, mining nodes, noster art arcade games. And I've been showing the

48:32the game that Brinkie has been working on. It's been absolutely awesome to watch, right? Just converting, converting a physical arcade game into a lightning paid game. It's anyways. It's very, very cool stuff. I really appreciate it. What's happening? What's happening? People are still repeating the nonsense that the miners hard forked off the Bitcoin network. Yeah, I know, right? By doing nothing. It's so sad. It's these and again, these are the narratives that are so dangerous, right? Because it makes people think like, I'm on the good guys team. It's like, don't you understand that that's literally the people that are attempting to co-op the network in order to be able to do what they want? Like, do you really think that a small, loud vocal minority on Twitter is who you want running? The biggest, most secure, monetary network in history? No. No. Bitcoin should be extremely

49:34difficult to change. The BIP 110 thing helped prove it. And again, there's also the BC, BCH proved it. There's like 128 other forks that proved it as well. Guys, there's always a loud minority that wants people to do what they say. It's just the way it works. Fuck these fools. Anyways, dying the petition. That's right. Re-sammer, I fuck the state. And don't forget, right? If you feel so inclined, please donate. Guys, thank you so much for joining me. It's a great chat. Love the, I love the questions and the comments, right? It's to me, it adds spice to the show. So I really appreciate it. And as well, you guys know the deal. I am back tonight with Ulrich and hopefully humble. We're going to be doing Bitcoin tonight, 830 PM Eastern standard time. Have a great rest of the day. Yes, Godspeed. Take care. Cheers. Oh, wait. Hold on. My

50:42BTC fork is the one though. Yes. Okay. So look, TR Bitcoin, BTC. Yes, you're fine with that. All that other stuff. That's shit forks. But I know you know that. Anyways, have a great rest of the day, guys. Take it easy. Peace.