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Transcript: Life After Expulsion From Bitcoin University with Stu | BTP Episode 26
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diff --git a/wiki/transcripts/life-after-expulsion-from-bitcoin-university-with-stu-btp-episode-26.md b/wiki/transcripts/life-after-expulsion-from-bitcoin-university-with-stu-btp-episode-26.md new file mode 100644 index 00000000..fc62d461 @@ -0,0 +1,743 @@ +--- +title: "Transcript: Life After Expulsion From Bitcoin University with Stu | BTP Episode 26" +type: transcript +episode: life-after-expulsion-from-bitcoin-university-with-stu-btp-episode-26 +generated: true +date: 2025-10-30 +audio: "https://feeds.fountain.fm/R8scBF2Wiykm0YVldsHQ/items/KUbHAyoYdqeiB4wOJ8gH/files/AUDIO---DEFAULT---e7df53a4-0589-4f4f-8964-343cd57c2690.mp3" +duration: "1:32:11" +sources: + - raw/episodes/life-after-expulsion-from-bitcoin-university-with-stu-btp-episode-26/bundle.json +--- + +<p class="cue-p"><a class="cue-t" href="#t-98">1:38</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-98" data-t="98">Yo.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-99">1:39</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-99" data-t="99">Welcome folks to another</span> <span class="cue" id="t-101" data-t="101">edition of Behind the Podcast.</span> <span class="cue" id="t-104" data-t="104">Today, we have a shit coiner on Bitcoin</span> <span class="cue" id="t-108" data-t="108">joining us.</span> <span class="cue" id="t-110" data-t="110">Stu TXO.</span> <span class="cue" id="t-113" data-t="113">You know, the the the knots versus core debate is raging on.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-119">1:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-119" data-t="119">All of us are getting tired of it, but then we get sucked backed into it.</span> <span class="cue" id="t-123" data-t="123">They just these guys,</span> <span class="cue" id="t-125" data-t="125">the Nazis,</span> <span class="cue" id="t-127" data-t="127">they are just feeding us</span> <span class="cue" id="t-130" data-t="130">dunks</span> <span class="cue" id="t-132" data-t="132">over and over again. And they know</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-134">2:14</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-134" data-t="134">they know that they can entice us back into it.</span> <span class="cue" id="t-139" data-t="139">We can't resist it. We can't resist the the easy engagement. Rod Palmer</span> <span class="cue" id="t-144" data-t="144">swore off fighting with Nazis forever.</span> <span class="cue" id="t-148" data-t="148">He only was sober from fighting for from Nazis for, like, what? Like, a week and a half, two weeks? Stood strong, maybe three.</span> <span class="cue" id="t-158" data-t="158">He's back at it. But,</span> <span class="cue" id="t-160" data-t="160">yeah. Stu, what's going on, dude? Are you joined being a shitcoiner on Bitcoin?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-166">2:46</a><span class="cue-body"><b class="cue-who">Unknown</b> <span class="cue" id="t-166" data-t="166">It's great. Yeah. I love it.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-168">2:48</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-168" data-t="168">But, yeah, as you say, no no one can escape the the filter wall.</span> <span class="cue" id="t-173" data-t="173">Like, even Alex Speed, you know, he was saying</span> <span class="cue" id="t-175" data-t="175">he's gonna block or mute anyone</span> <span class="cue" id="t-178" data-t="178">on-site who talks about the filler wall,</span> <span class="cue" id="t-181" data-t="181">and then even he got roped into it. So</span> <span class="cue" id="t-184" data-t="184">there's no escape.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-185">3:05</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-185" data-t="185">I think this</span> <span class="cue" id="t-188" data-t="188">there's a,</span> <span class="cue" id="t-189" data-t="189">I think they've just trapped us in this slight cycle</span> <span class="cue" id="t-193" data-t="193">in, Bitcoin Twitter. But the paper Bitcoin has just got us, stuck in this loop of just talking about,</span> <span class="cue" id="t-201" data-t="201">filter filter swap endlessly.</span> <span class="cue" id="t-204" data-t="204">So we we can't escape.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-206">3:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-206" data-t="206">You're blaming this,</span> <span class="cue" id="t-208" data-t="208">situation we're in on paper Bitcoiners? Is that what you're saying? Exactly. Yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-213">3:33</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-213" data-t="213">They don't want the Bitcoin to us to to leave their,</span> <span class="cue" id="t-217" data-t="217">you know, their custodians.</span> <span class="cue" id="t-218" data-t="218">So they're trying to distract all the devs,</span> <span class="cue" id="t-222" data-t="222">the Bitcoin core devs, the mods devs, everyone.</span> <span class="cue" id="t-226" data-t="226">They just want us to be in our little bubble fighting for for eternity. Like, we can we can never escape, basically.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-233">3:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-233" data-t="233">Well,</span> <span class="cue" id="t-234" data-t="234">is this so it makes me think you are,</span> <span class="cue" id="t-238" data-t="238">the</span> <span class="cue" id="t-239" data-t="239">for all intents and purposes, you're basically a core dev,</span> <span class="cue" id="t-243" data-t="243">work closely enough. And right now, you are</span> <span class="cue" id="t-246" data-t="246">probably not. You've put us a lot of really good memes.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-250">4:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-250" data-t="250">You're active in the group chat You're not you must not be getting a lot of work done</span> <span class="cue" id="t-255" data-t="255">you must be because you you know, you're distracted by Plebslop</span> <span class="cue" id="t-259" data-t="259">and it almost seems like this is</span> <span class="cue" id="t-263" data-t="263">Michael Saylor's like he's funding the psy op to distract you</span> <span class="cue" id="t-267" data-t="267">from,</span> <span class="cue" id="t-268" data-t="268">you know, putting shit coins on Bitcoin or</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-272">4:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-272" data-t="272">forking software.</span> <span class="cue" id="t-274" data-t="274">Right? Like,</span> <span class="cue" id="t-275" data-t="275">you're too busy</span> <span class="cue" id="t-276" data-t="276">arguing with Plaid Slop.</span> <span class="cue" id="t-278" data-t="278">And</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-279">4:39</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-279" data-t="279">Yeah. Yeah. I get that. I gotcha. I don't I don't do any work. I just I'm just on Twitter all day, every day. So They they say that this is such a pervasive problem. People are using</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-289">4:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-289" data-t="289">the other companies have bought them AI</span> <span class="cue" id="t-293" data-t="293">subscriptions to help them be more productive at work so they can pay their taxes. And people are using their work AI,</span> <span class="cue" id="t-298" data-t="298">subscriptions</span> <span class="cue" id="t-299" data-t="299">to make KlebsLab instead of get work done. And they always get any work done in the economy.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-305">5:05</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-305" data-t="305">Yeah. I mean, I think the this all started when, Sailor was,</span> <span class="cue" id="t-310" data-t="310">posting PEDSTOP</span> <span class="cue" id="t-312" data-t="312">nonstop, his AI, you know Yes. Tweets,</span> <span class="cue" id="t-316" data-t="316">back in the bear market. He was he's he's a he was a pioneer of the PEDSTOP, I think.</span> <span class="cue" id="t-321" data-t="321">And now everyone's kind of following his footsteps.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-326">5:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-326" data-t="326">Yeah. He is, like, kinda like the grandfather</span> <span class="cue" id="t-329" data-t="329">of Pled Slop.</span> <span class="cue" id="t-330" data-t="330">And</span> <span class="cue" id="t-331" data-t="331">he's he's only stepped away. He stepped away. He stepped he's not the CEO of MicroStrategy anymore. He's just, you know, he's the chairman. He's,</span> <span class="cue" id="t-339" data-t="339">he's quiet. He doesn't even go on podcast. He just lets</span> <span class="cue" id="t-342" data-t="342">his Plebslop empire, the legacy continue.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-346">5:46</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-346" data-t="346">Yeah. I know. And he's, you know, he doesn't wanna he doesn't wanna fund the devs. He doesn't wanna do that. He just wants to he just wants to release his pep slot onto the world.</span> <span class="cue" id="t-357" data-t="357">Well, I I remember his,</span> <span class="cue" id="t-359" data-t="359">his presentation</span> <span class="cue" id="t-360" data-t="360">at Bitcoin Vegas.</span> <span class="cue" id="t-362" data-t="362">This is a twenty one</span> <span class="cue" id="t-364" data-t="364">twenty one steps of plot of, pep slot.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-367">6:07</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-367" data-t="367">So</span> <span class="cue" id="t-369" data-t="369">he's,</span> <span class="cue" id="t-370" data-t="370">yeah. We can't we can't take that. That's right. That's right.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-373">6:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-373" data-t="373">That that was an excellent,</span> <span class="cue" id="t-376" data-t="376">listicle about Plebslop. You know, that's what I'd my love Plebslop listicles. I wish Buzzfeed would come back.</span> <span class="cue" id="t-384" data-t="384">But,</span> <span class="cue" id="t-385" data-t="385">what the</span> <span class="cue" id="t-387" data-t="387">there's a lot of different flavors of Plebslop</span> <span class="cue" id="t-390" data-t="390">and</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-391">6:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-391" data-t="391">one of them is</span> <span class="cue" id="t-394" data-t="394">what you were you're an alumni, I guess I don't know if you if you count as an alumni of Bitcoin University. You were expelled</span> <span class="cue" id="t-401" data-t="401">in your first semester.</span> <span class="cue" id="t-403" data-t="403">Can you talk about that experience? Like, what led you to think, hey, I'm gonna I'm gonna go continue my education</span> <span class="cue" id="t-410" data-t="410">and enroll at Bitcoin University.</span> <span class="cue" id="t-413" data-t="413">What drew you to that?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-416">6:56</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-416" data-t="416">Well, I see this,</span> <span class="cue" id="t-418" data-t="418">this Matthew cracker guy,</span> <span class="cue" id="t-420" data-t="420">gaining popularity</span> <span class="cue" id="t-421" data-t="421">on,</span> <span class="cue" id="t-422" data-t="422">on Twitter,</span> <span class="cue" id="t-424" data-t="424">posting his,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-425">7:05</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-425" data-t="425">very insightful YouTube videos of how to</span> <span class="cue" id="t-429" data-t="429">buy a start line, node for $700.</span> <span class="cue" id="t-433" data-t="433">So I was like, okay. Maybe I need to figure out why why should I buy this $700</span> <span class="cue" id="t-437" data-t="437">node.</span> <span class="cue" id="t-439" data-t="439">So I obviously signed up for the $700</span> <span class="cue" id="t-441" data-t="441">course,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-442">7:22</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-442" data-t="442">to figure out</span> <span class="cue" id="t-444" data-t="444">why why I need to buy this node.</span> <span class="cue" id="t-447" data-t="447">And,</span> <span class="cue" id="t-449" data-t="449">yeah, he he accepted me with open arms.</span> <span class="cue" id="t-452" data-t="452">Well, at first, he he accepted me to trader university, which I was kinda confused over. I didn't know what trader university was. Did you did you have to pass any standardized purity tests to to be eligible</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-464">7:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-464" data-t="464">to get in, like, the SATs</span> <span class="cue" id="t-466" data-t="466">or anything like that?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-469">7:49</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-469" data-t="469">I just had to show him my, like, seed phrase. That's what that was the requirement. He was he was very adamant about that. I have to show him a seed phrase.</span> <span class="cue" id="t-478" data-t="478">And then he he kinda let me in. That showed that I own Bitcoin. You know? I'm not like Peter Todd. I actually own Bitcoin.</span> <span class="cue" id="t-485" data-t="485">I'm a Bitcoiner.</span> <span class="cue" id="t-486" data-t="486">So</span> <span class="cue" id="t-487" data-t="487">they let me into the university.</span> <span class="cue" id="t-490" data-t="490">Yeah. That's that's where my journey began.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-493">8:13</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-493" data-t="493">That's where my my eyes were open to the</span> <span class="cue" id="t-497" data-t="497">the horrors of, Bitcoin University.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-500">8:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-500" data-t="500">So before</span> <span class="cue" id="t-502" data-t="502">you got expelled,</span> <span class="cue" id="t-503" data-t="503">you,</span> <span class="cue" id="t-505" data-t="505">you weren't doing very well on your</span> <span class="cue" id="t-508" data-t="508">tasks.</span> <span class="cue" id="t-509" data-t="509">You've you failed one because you do as</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-512">8:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-512" data-t="512">basically a a pop quiz about Jameson Lop, and you didn't you didn't get you didn't pass?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-519">8:39</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-519" data-t="519">No. I didn't know he was an Ethereum shit corner. This is what I I didn't know that. I thought I thought he was a Bitcoin guy.</span> <span class="cue" id="t-525" data-t="525">But, apparently, Casa, they like Ethereum or something.</span> <span class="cue" id="t-530" data-t="530">And, yeah, that was I failed immediately. So, obviously, he was he was upset at me.</span> <span class="cue" id="t-538" data-t="538">And that I think that's the kind of we started on a bad foot from that.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-542">9:02</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-542" data-t="542">So</span> <span class="cue" id="t-543" data-t="543">I think what people wanna know about is what is the university experience like? So, like,</span> <span class="cue" id="t-550" data-t="550">what was orientation</span> <span class="cue" id="t-551" data-t="551">like? What did you wear</span> <span class="cue" id="t-553" data-t="553">on</span> <span class="cue" id="t-555" data-t="555">your first day to school? Did your mom take a picture of you,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-559">9:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-559" data-t="559">as you're getting ready to go to class? Were the girls there hot?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-563">9:23</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-563" data-t="563">Is this There's no there was no girls. There was no girls.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-568">9:28</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-568" data-t="568">Okay.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-570">9:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-570" data-t="570">Not us. Yeah. No. It's basically a university. BU is is like a co ed university. You know, co ed dorms, no co ed shit hours. There's no girls allowed. What? This is this is Bitcoin. There's no girls.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-585">9:45</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-585" data-t="585">Well, do they you think there was ever any events with</span> <span class="cue" id="t-589" data-t="589">the sister school, Natalie Burnell's,</span> <span class="cue" id="t-592" data-t="592">course?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-595">9:55</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-595" data-t="595">I didn't get, I didn't make it that far. I I don't know. I think that maybe that was like you got to go socialize</span> <span class="cue" id="t-601" data-t="601">with gals, like, nearer the end of the course. But it was very much like a you're not you can't this is Bitcoin. You know? We there's we don't talk to gals.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-611">10:11</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-611" data-t="611">So so what was the university experience like? Like, what what were the classes like? What was,</span> <span class="cue" id="t-617" data-t="617">the general environment like</span> <span class="cue" id="t-620" data-t="620">that you experienced?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-621">10:21</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-621" data-t="621">Well, there wasn't really many people around.</span> <span class="cue" id="t-625" data-t="625">I think they were more interested in, you know, lab slop that was happening</span> <span class="cue" id="t-630" data-t="630">elsewhere.</span> <span class="cue" id="t-633" data-t="633">But there was some some classes that, he</span> <span class="cue" id="t-636" data-t="636">himself,</span> <span class="cue" id="t-639" data-t="639">presented,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-641">10:41</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-641" data-t="641">mostly about how, you know, how to purify yourself if you've ever kind of spammed the chain with any kind of transaction before.</span> <span class="cue" id="t-649" data-t="649">He was very much adamant about don't you know, do not use Bitcoin.</span> <span class="cue" id="t-653" data-t="653">Bitcoin is just there, you know, for something that we can use to kind of promote ourselves. So it's like more of</span> <span class="cue" id="t-660" data-t="660">a don't use the chain kind of vibe.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-663">11:03</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-663" data-t="663">Yeah.</span> <span class="cue" id="t-664" data-t="664">When we first started reporting</span> <span class="cue" id="t-668" data-t="668">about Professor Kurater,</span> <span class="cue" id="t-670" data-t="670">Bitcoin University did not even accept Bitcoin for payment for tuition.</span> <span class="cue" id="t-676" data-t="676">After some after some exposes,</span> <span class="cue" id="t-678" data-t="678">he does now accept I think he does accept it on the website. So,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-684">11:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-684" data-t="684">it's so it that is a pattern. Right? There's a little bit sloppy,</span> <span class="cue" id="t-688" data-t="688">curriculum, a little bit sloppy standards.</span> <span class="cue" id="t-691" data-t="691">You described</span> <span class="cue" id="t-693" data-t="693">this, you know, the the student library, the study halls as virtually empty. Right? Like, the</span> <span class="cue" id="t-698" data-t="698">the other students were out,</span> <span class="cue" id="t-702" data-t="702">just staying out all night. They</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-704">11:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-704" data-t="704">were studying for their exams.</span> <span class="cue" id="t-706" data-t="706">They weren't, they were just, you know, watching the daily the daily,</span> <span class="cue" id="t-710" data-t="710">summaries.</span> <span class="cue" id="t-711" data-t="711">Did you get into any of the,</span> <span class="cue" id="t-714" data-t="714">you know, advanced</span> <span class="cue" id="t-716" data-t="716">classes or any of the advanced, curriculum at Creditor's,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-720">12:00</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-720" data-t="720">libraries?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-723">12:03</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-723" data-t="723">Yeah. That was a very in-depth course about,</span> <span class="cue" id="t-726" data-t="726">CSAM, which I didn't really I didn't</span> <span class="cue" id="t-728" data-t="728">I didn't even know that term before. But he was very adamant that you joined the the the CSAM</span> <span class="cue" id="t-734" data-t="734">course.</span> <span class="cue" id="t-737" data-t="737">And, well, I I joined it, and it was, you know, it was it was very interesting. The they were talking about</span> <span class="cue" id="t-745" data-t="745">stuff that, you</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-746">12:26</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-746" data-t="746">know, not many people normally</span> <span class="cue" id="t-748" data-t="748">discuss. But,</span> <span class="cue" id="t-750" data-t="750">apparently, it was very important that we learn</span> <span class="cue" id="t-753" data-t="753">about this topic. So it's just yeah. It was part of the curriculum.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-758">12:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-758" data-t="758">Yeah. Everybody gets together and just talks about how much they hate child porn for no apropos of nothing. No catalyst, no class. Everybody just</span> <span class="cue" id="t-768" data-t="768">talks about how they're they commit not to ever look at or store CCM on blockchain.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-775">12:55</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-775" data-t="775">Exactly. Yeah. I was kinda confused. I was like, why why would you be doing that doing this with blockchain with Bitcoin? But he was, you know, very adamant that</span> <span class="cue" id="t-783" data-t="783">there's people out there. You know?</span> <span class="cue" id="t-785" data-t="785">There's miners out there. They're running all this this software.</span> <span class="cue" id="t-789" data-t="789">The I think you mentioned datum.</span> <span class="cue" id="t-791" data-t="791">People running datum, and they can, you know, they can commit anything they want to the Bitcoin network at any time. So that was kinda scary.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-800">13:20</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-800" data-t="800">So do you think that's</span> <span class="cue" id="t-802" data-t="802">a a problem that the BitX creates,</span> <span class="cue" id="t-806" data-t="806">making it too easy for people to mine</span> <span class="cue" id="t-809" data-t="809">and submit their own block templates?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-811">13:31</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-811" data-t="811">Exactly.</span> <span class="cue" id="t-812" data-t="812">Yeah. Because, I mean, you can put if you're a bit axe operator,</span> <span class="cue" id="t-816" data-t="816">you can put anything you want in the chain.</span> <span class="cue" id="t-818" data-t="818">But it doesn't matter. Like, you forget about knots, forget about call. You're in control. You know? You can you can fill that block up with whatever you want. So,</span> <span class="cue" id="t-827" data-t="827">yeah, that's a good point. BitX is an attack on, on Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-836">13:56</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-836" data-t="836">I think we all remember the day you were expelled</span> <span class="cue" id="t-839" data-t="839">very clearly. That was</span> <span class="cue" id="t-842" data-t="842">a shock to the system</span> <span class="cue" id="t-844" data-t="844">in a lot of ways.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-845">14:05</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-845" data-t="845">You know Yeah. I mean, this is my this is gonna be my life for a whole year. I didn't it's just</span> <span class="cue" id="t-852" data-t="852">I was ready to, you know, commit to the,</span> <span class="cue" id="t-855" data-t="855">to the mad,</span> <span class="cue" id="t-859" data-t="859">like, regime. But,</span> <span class="cue" id="t-861" data-t="861">yeah, yeah, he ended he ended me. So I think someone snitched on me. I don't know what happened. He thought I was,</span> <span class="cue" id="t-869" data-t="869">I was, a fake. I don't know.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-872">14:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-872" data-t="872">It seems like some people have reported, like,</span> <span class="cue" id="t-876" data-t="876">being taken under Crater's arm. Right? He's like, he's like the guy from Whiplash.</span> <span class="cue" id="t-881" data-t="881">The just, like, really demanding,</span> <span class="cue" id="t-885" data-t="885">instructor.</span> <span class="cue" id="t-886" data-t="886">But he gets the best, absolute best,</span> <span class="cue" id="t-889" data-t="889">out of his students.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-891">14:51</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-891" data-t="891">Yeah. No. He he really If they pay attention.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-895">14:55</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-895" data-t="895">Yeah. No. If you if you any misstep, you know, he knows your seed phrase so he can take your Bitcoin. So it's like you you have to be careful when you're operating</span> <span class="cue" id="t-905" data-t="905">on the on the, crater.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-907">15:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-907" data-t="907">So</span> <span class="cue" id="t-908" data-t="908">tell us about the process of getting expelled. So you get called to the dean's office</span> <span class="cue" id="t-915" data-t="915">and explain</span> <span class="cue" id="t-916" data-t="916">the reason of your expulsion.</span> <span class="cue" id="t-919" data-t="919">Like, I it what what did what did it look like? What was the process of expulsion?</span> <span class="cue" id="t-923" data-t="923">And was there any appeals process</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-927">15:27</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-927" data-t="927">that you participated</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-928">15:28</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-928" data-t="928">in or or what what No. No. I was just I was just cut off.</span> <span class="cue" id="t-932" data-t="932">But I don't know what happened. He just</span> <span class="cue" id="t-934" data-t="934">he was very angry at me,</span> <span class="cue" id="t-938" data-t="938">for my yeah. He apparently, he found some things I did in the past, which which he wasn't very happy about.</span> <span class="cue" id="t-944" data-t="944">And he just he was yeah. He was very,</span> <span class="cue" id="t-948" data-t="948">or not I wouldn't say violent, but he was, like, he has, like, an outburst, and he was, you know, he was very upset that I would even,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-955">15:55</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-955" data-t="955">you</span> <span class="cue" id="t-956" data-t="956">know,</span> <span class="cue" id="t-957" data-t="957">waste his time with with my presence. But,</span> <span class="cue" id="t-961" data-t="961">you know, that's just that's just how it goes.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-964">16:04</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-964" data-t="964">What what do you think it was or what did he cite that you had done in the past that he was upset about?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-971">16:11</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-971" data-t="971">I think I used Bitcoin. That's that's what happened. I I was I I participated in the Bitcoin network.</span> <span class="cue" id="t-979" data-t="979">I used it</span> <span class="cue" id="t-981" data-t="981">to buy things,</span> <span class="cue" id="t-983" data-t="983">which they're very you know, they were against that kind of thing.</span> <span class="cue" id="t-988" data-t="988">I've and I did I was running a call a Bitcoin call node.</span> <span class="cue" id="t-994" data-t="994">So maybe that that he found out about that. I don't know.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-999">16:39</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-999" data-t="999">But, yeah, he just he just cut me off.</span> <span class="cue" id="t-1004" data-t="1004">But, thankfully, he he,</span> <span class="cue" id="t-1007" data-t="1007">he gave back my $700</span> <span class="cue" id="t-1010" data-t="1010">subscription fee.</span> <span class="cue" id="t-1013" data-t="1013">So</span> <span class="cue" id="t-1014" data-t="1014">now I have some some Crater</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1017">16:57</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1017" data-t="1017">limited edition Crater SATs.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1021">17:01</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1021" data-t="1021">That's right, Dave. And did you</span> <span class="cue" id="t-1023" data-t="1023">yeah. What did you,</span> <span class="cue" id="t-1026" data-t="1026">what did you do with those SATs once he he sent them to you? You got your refund.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1031">17:11</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1031" data-t="1031">Well, they're just I'm just they're just sitting there. They're weighing, you know?</span> <span class="cue" id="t-1035" data-t="1035">Maybe we'll do some maybe we'll do something with them. We can, you know, pray it.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1042">17:22</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1042" data-t="1042">Know the boo know the boobatoos</span> <span class="cue" id="t-1044" data-t="1044">on the, on his sats?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1046">17:26</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1046" data-t="1046">Not yet. Not yet. Maybe maybe one day. I don't know.</span> <span class="cue" id="t-1052" data-t="1052">But, yeah, the craft of Sats are still they're still in my possession. So and they're from he sent them from Strike.</span> <span class="cue" id="t-1059" data-t="1059">So he didn't even use his own. This is the he doesn't use Bitcoin. He doesn't wanna use the Bitcoin chain. He doesn't wanna no data</span> <span class="cue" id="t-1066" data-t="1066">committed anywhere, but he needs to he he wants to use, you know, custody services only.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1072">17:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1072" data-t="1072">Maybe he uses KYC</span> <span class="cue" id="t-1075" data-t="1075">products and services</span> <span class="cue" id="t-1077" data-t="1077">like many others to keep themselves accountable.</span> <span class="cue" id="t-1080" data-t="1080">You know, what you should talk about. Like, he's not gonna use he's not gonna put CCM on Bitcoin</span> <span class="cue" id="t-1084" data-t="1084">on the KYC'd</span> <span class="cue" id="t-1086" data-t="1086">account. Right? Like, so he's, like, keeping himself accountable. Stay he's trying he's trying to avoid the thing he hates most.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1092">18:12</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1092" data-t="1092">Yeah. Exactly. He wants people to know exactly what he's doing at all times so that he yeah. He doesn't accidentally do any CSAM,</span> <span class="cue" id="t-1100" data-t="1100">commits or anything.</span> <span class="cue" id="t-1102" data-t="1102">Yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1104">18:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1104" data-t="1104">Yeah.</span> <span class="cue" id="t-1105" data-t="1105">Nobody would wanna accidentally do that. That would be terrible to accidentally do.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1110">18:30</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1110" data-t="1110">Well,</span> <span class="cue" id="t-1111" data-t="1111">one of the things that's strange is I I believe Strike uses</span> <span class="cue" id="t-1116" data-t="1116">a Bitcoin core node.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1119">18:39</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1119" data-t="1119">I believe so. Yeah. Yeah. So he used Bitcoin core during this</span> <span class="cue" id="t-1124" data-t="1124">transaction.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1128">18:48</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1128" data-t="1128">I mean, how does that make you feel to</span> <span class="cue" id="t-1130" data-t="1130">to get that expulsion</span> <span class="cue" id="t-1132" data-t="1132">to to be dealing with this level of institutional,</span> <span class="cue" id="t-1139" data-t="1139">hypocrisy?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1141">19:01</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1141" data-t="1141">Well, you know, at first, I was kinda upset.</span> <span class="cue" id="t-1144" data-t="1144">You know? This was gonna be my my life for a for a few years.</span> <span class="cue" id="t-1149" data-t="1149">But then I kinda landed</span> <span class="cue" id="t-1151" data-t="1151">landed on my feet. I</span> <span class="cue" id="t-1154" data-t="1154">I</span> <span class="cue" id="t-1155" data-t="1155">was learning about, this thing called ordinal theory,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1159">19:19</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1159" data-t="1159">and that kinda ended up teaching me more about Bitcoin than, like, a Bitcoin university could ever teach me, I think. So</span> <span class="cue" id="t-1168" data-t="1168">it's kind of a, like, a Mark Zuckerberg kinda story, I guess.</span> <span class="cue" id="t-1173" data-t="1173">I was</span> <span class="cue" id="t-1174" data-t="1174">dropped</span> <span class="cue" id="t-1175" data-t="1175">out and then, you know, I found found my way in the world of,</span> <span class="cue" id="t-1180" data-t="1180">of shit coins. So</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1183">19:43</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1183" data-t="1183">So to this I want I wanna hear about this process of learning about Bitcoin because I think that's,</span> <span class="cue" id="t-1191" data-t="1191">it's kind of an unusual</span> <span class="cue" id="t-1193" data-t="1193">experience that that many people that are very interested in Bitcoin, they they never get around to doing.</span> <span class="cue" id="t-1199" data-t="1199">But</span> <span class="cue" id="t-1200" data-t="1200">before we get there,</span> <span class="cue" id="t-1204" data-t="1204">tell tell us</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1207">20:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1207" data-t="1207">about what did the conversation with your family</span> <span class="cue" id="t-1209" data-t="1209">look like explaining your expulsion? Were they disappointed in you? Or</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1214">20:14</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1214" data-t="1214">how about They were very they were they were very happy.</span> <span class="cue" id="t-1219" data-t="1219">Because originally, they do you know, they didn't want me to go to Bitcoin University. So, like, what the fuck is what's Bitcoin University? But what the fuck is this?</span> <span class="cue" id="t-1229" data-t="1229">So they were kinda like, alright. Now we can go, you know, get a real job, you know, work in Starbucks or something.</span> <span class="cue" id="t-1235" data-t="1235">But I was like, no. I don't wanna you know? This is my dream to what to,</span> <span class="cue" id="t-1240" data-t="1240">you know, work in Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1242">20:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1242" data-t="1242">So I I Well, you know.</span> <span class="cue" id="t-1245" data-t="1245">It's how do you explain that to your parents? Right? Because</span> <span class="cue" id="t-1250" data-t="1250">imagine you're a parent and your kid is just sitting at home, eating his boaters,</span> <span class="cue" id="t-1255" data-t="1255">looking at plex slap all day. Not saying that's you, but, like, you know, the average</span> <span class="cue" id="t-1260" data-t="1260">person who gets into and they come home and they say, I got into college. They're like, what? This kid wasn't studying. This kid didn't pay attention during Austrian economics at the at at school.</span> <span class="cue" id="t-1272" data-t="1272">And they're like, oh, I got into Bitcoin University. And the parents are, like, they're watching in the videos. And they're like, what in the hell is going on here?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1279">21:19</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1279" data-t="1279">How do you how do you convince your parents, like, this is</span> <span class="cue" id="t-1283" data-t="1283">this is my chance for a future. This is my chance for a future in the industry that I that I love, that I'm fascinated by.</span> <span class="cue" id="t-1291" data-t="1291">How do you convince them? Do you just</span> <span class="cue" id="t-1294" data-t="1294">agree to disagree?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1296">21:36</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1296" data-t="1296">That's $2,021,000,000.</span> <span class="cue" id="t-1299" data-t="1299">That's it. As simple as that.</span> <span class="cue" id="t-1301" data-t="1301">I just kept paying 21,000,000 over and over, and they were just kinda left me alone after that. So,</span> <span class="cue" id="t-1310" data-t="1310">yeah. And then,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1314">21:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1314" data-t="1314">Well,</span> <span class="cue" id="t-1316" data-t="1316">alright. No. You're out.</span> <span class="cue" id="t-1317" data-t="1317">You, you've moved on.</span> <span class="cue" id="t-1320" data-t="1320">How</span> <span class="cue" id="t-1321" data-t="1321">how does this experience paint your perspective</span> <span class="cue" id="t-1324" data-t="1324">on where we're at today with BIP four four four.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1330">22:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1330" data-t="1330">And how would how would you describe</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1332">22:12</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1332" data-t="1332">BIP death. BIP death death death. Is it</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1335">22:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1335" data-t="1335">That's right. That's right. If you're for if you're Chinese Chinese. That's what it means. Like, is that a sign is that a signal? Is that a political message</span> <span class="cue" id="t-1344" data-t="1344">to Chinese</span> <span class="cue" id="t-1345" data-t="1345">Bitcoiners,</span> <span class="cue" id="t-1347" data-t="1347">that you're getting forked off? But this</span> <span class="cue" id="t-1350" data-t="1350">is this is the, you know, American</span> <span class="cue" id="t-1352" data-t="1352">values</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1353">22:33</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1353" data-t="1353">chain?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1355">22:35</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1355" data-t="1355">Yeah. No. This is obviously a Luke Luke is very you know, he's he knows what he's doing. He he he picked this number on purpose.</span> <span class="cue" id="t-1362" data-t="1362">He's trying to signal to the the China because as we all know, Bitcoin</span> <span class="cue" id="t-1367" data-t="1367">is controlled by the Chinese miners.</span> <span class="cue" id="t-1370" data-t="1370">So he's trying to signal to them, you know, if you</span> <span class="cue" id="t-1374" data-t="1374">he should try to make a he's trying to make a point. He's trying to make a message.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1382">23:02</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1382" data-t="1382">That is,</span> <span class="cue" id="t-1385" data-t="1385">it it it sounds to me like what we're dealing with, and maybe this is part of the problem is</span> <span class="cue" id="t-1393" data-t="1393">we are dealing with a man who</span> <span class="cue" id="t-1396" data-t="1396">understands</span> <span class="cue" data-t="1396">Plebslop</span> <span class="cue" id="t-1397" data-t="1397">much more deeply</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1399">23:19</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1399" data-t="1399">than anybody gives him credit for.</span> <span class="cue" id="t-1401" data-t="1401">And he is wielding it very,</span> <span class="cue" id="t-1405" data-t="1405">very effectively.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1407">23:27</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1407" data-t="1407">Yeah. I mean, he saved Bitcoin,</span> <span class="cue" id="t-1409" data-t="1409">but</span> <span class="cue" id="t-1410" data-t="1410">twice at least.</span> <span class="cue" id="t-1412" data-t="1412">So he knows how to get, you know,</span> <span class="cue" id="t-1414" data-t="1414">this kind of, like, gravitas.</span> <span class="cue" id="t-1417" data-t="1417">He can just, like, spread his message.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1421">23:41</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1421" data-t="1421">People, you know, will listen to him.</span> <span class="cue" id="t-1424" data-t="1424">He's a very he's a he's a a man. He comes from religion. He's a man of religion,</span> <span class="cue" id="t-1429" data-t="1429">so he can be trusted. He's not allowed to lie.</span> <span class="cue" id="t-1432" data-t="1432">He is allowed to mislead people, but he's not allowed to lie.</span> <span class="cue" id="t-1436" data-t="1436">So that means he's very you know, you can</span> <span class="cue" id="t-1439" data-t="1439">you can</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1440">23:60</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1440" data-t="1440">be misled by him, but he that slight fine, I guess. Uh-huh. He's got a very,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1446">24:06</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1446" data-t="1446">very peculiar</span> <span class="cue" id="t-1449" data-t="1449">set of values,</span> <span class="cue" id="t-1451" data-t="1451">but he sticks to them</span> <span class="cue" id="t-1453" data-t="1453">pretty well. And, like, he's pretty you you can kind of,</span> <span class="cue" id="t-1459" data-t="1459">depend on it to a certain extent.</span> <span class="cue" id="t-1463" data-t="1463">He eats cats. He's not afraid of that. He's not afraid to argue with,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1469">24:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1469" data-t="1469">liberal Catholic women</span> <span class="cue" id="t-1471" data-t="1471">for days,</span> <span class="cue" id="t-1472" data-t="1472">about</span> <span class="cue" id="t-1473" data-t="1473">their menstruation cycles,</span> <span class="cue" id="t-1475" data-t="1475">how often they can get pregnant after having a baby in, like, certain,</span> <span class="cue" id="t-1480" data-t="1480">biological</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1481">24:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1481" data-t="1481">things about women that he understands better than them and he mogs them</span> <span class="cue" id="t-1486" data-t="1486">on Twitter</span> <span class="cue" id="t-1487" data-t="1487">about their own bodies.</span> <span class="cue" id="t-1488" data-t="1488">And so he is, and he looks a little sloppy. He looks a little plex sloppy, but</span> <span class="cue" id="t-1495" data-t="1495">it would be a mistake to underestimate him. Would you say?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1499">24:59</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1499" data-t="1499">Oh, definitely. I mean, he,</span> <span class="cue" id="t-1502" data-t="1502">he's had sex at least 11 times, I think.</span> <span class="cue" id="t-1506" data-t="1506">That's right. He's quite quite a little</span> <span class="cue" id="t-1508" data-t="1508">bit. Very fertile, man. Which is in in Bitcoin, this is like a that's kinda like a a big deal. So</span> <span class="cue" id="t-1514" data-t="1514">you have to respect him to that.</span> <span class="cue" id="t-1517" data-t="1517">And yeah. No. He's he's he's a man of,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1521">25:21</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1521" data-t="1521">faith. He's a man of honor.</span> <span class="cue" id="t-1523" data-t="1523">So he, has a lot of respect in the space.</span> <span class="cue" id="t-1527" data-t="1527">So this is yeah. He is,</span> <span class="cue" id="t-1529" data-t="1529">I think he's gonna do very well on his, Bitcoin Dash Junior</span> <span class="cue" id="t-1535" data-t="1535">fork.</span> <span class="cue" id="t-1536" data-t="1536">So, yeah, I'll I'll look forward to seeing how that plays out.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1541">25:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1541" data-t="1541">So</span> <span class="cue" id="t-1542" data-t="1542">one more.</span> <span class="cue" id="t-1543" data-t="1543">His lieutenants,</span> <span class="cue" id="t-1545" data-t="1545">would you do you hold them as in high of a regard, or are some of Luke's lieutenants</span> <span class="cue" id="t-1551" data-t="1551">maybe</span> <span class="cue" id="t-1552" data-t="1552">his vulnerabilities?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1556">25:56</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1556" data-t="1556">Well,</span> <span class="cue" id="t-1557" data-t="1557">yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1559">25:59</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1559" data-t="1559">I guess Or or or or one of their strengths. Right? What are their strengths? Right? If they're all they're not all liabilities.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1565">26:05</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1565" data-t="1565">Yeah. No. Mechanic has a very like, his beard is very impressive</span> <span class="cue" id="t-1569" data-t="1569">to start with.</span> <span class="cue" id="t-1570" data-t="1570">So that helps like, his, like, message. He's got he's got a strong beard.</span> <span class="cue" id="t-1576" data-t="1576">And then while you have crap, we talked about cracker.</span> <span class="cue" id="t-1580" data-t="1580">But, yeah, mechanics mechanics podcast game is very good. Like, this is the maybe the weakness of Luke is that he doesn't</span> <span class="cue" id="t-1587" data-t="1587">he doesn't podcast. I don't think I've ever heard him on a podcast.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1591">26:31</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1591" data-t="1591">So he has to delegate that to,</span> <span class="cue" id="t-1593" data-t="1593">mechanic. And mechanic does quite a good job,</span> <span class="cue" id="t-1597" data-t="1597">like, representing</span> <span class="cue" id="t-1598" data-t="1598">him in the podcast</span> <span class="cue" id="t-1600" data-t="1600">space.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1602">26:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1602" data-t="1602">So I think that's something Preaching that and preaching that message in the,</span> <span class="cue" id="t-1607" data-t="1607">sp like, spiritual,</span> <span class="cue" id="t-1610" data-t="1610">holy</span> <span class="cue" id="t-1611" data-t="1611">mythological</span> <span class="cue" id="t-1612" data-t="1612">sense. Right? That's they could Luke is a religious man. He's deep in the</span> <span class="cue" id="t-1617" data-t="1617">see how very specific Catholic opinions.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1620">26:60</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1620" data-t="1620">And,</span> <span class="cue" id="t-1622" data-t="1622">you know, his he's like</span> <span class="cue" id="t-1625" data-t="1625">mechanic is like his his traveling pastor</span> <span class="cue" id="t-1628" data-t="1628">who was whipping up the plebs and and citing</span> <span class="cue" id="t-1631" data-t="1631">citing stuff that, that Luke is is feeding him.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1635">27:15</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1635" data-t="1635">Right. Yeah. That's that's what he does best. I mean, we we all saw, the guano.</span> <span class="cue" id="t-1641" data-t="1641">He got, you know, a round of applause,</span> <span class="cue" id="t-1644" data-t="1644">I think. So</span> <span class="cue" id="t-1645" data-t="1645">that shows that he, you know, he's he's, making progress.</span> <span class="cue" id="t-1650" data-t="1650">He's,</span> <span class="cue" id="t-1651" data-t="1651">captivated the minds of the of the plebs. He's he's harnessing the plebs slop to his advantage.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1657">27:37</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1657" data-t="1657">And this is actually like a</span> <span class="cue" id="t-1660" data-t="1660">like, core Bitcoin core the core devs, they're not they're they don't know about Plebslop.</span> <span class="cue" id="t-1665" data-t="1665">This is maybe one of their biggest flaws. They're they're not harnessing the Plebslop.</span> <span class="cue" id="t-1670" data-t="1670">Whereas the Pleb Slop is immunity.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1672">27:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1672" data-t="1672">No no natural immunity to this.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1675">27:55</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1675" data-t="1675">No. Yeah. The the the Nords the Nords army, you know, they're they're cons they live off the Pleb Pleb Slop.</span> <span class="cue" id="t-1682" data-t="1682">So I think Bitcoin Core, you know, they need to</span> <span class="cue" id="t-1686" data-t="1686">they need to understand that this is,</span> <span class="cue" id="t-1688" data-t="1688">is this is no longer a technical debate. This is a PLEBSLOP debate.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1693">28:13</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1693" data-t="1693">Was was PLEBSLOP</span> <span class="cue" id="t-1695" data-t="1695">a course that they taught at Bitcoin University?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1700">28:20</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1700" data-t="1700">No. But they did they did talk about it,</span> <span class="cue" id="t-1703" data-t="1703">but it was kinda like a it's like everyone everyone knew it existed, but</span> <span class="cue" id="t-1708" data-t="1708">a was kinda trying to,</span> <span class="cue" id="t-1712" data-t="1712">focus people more on running your own node with, like, a a start nine node.</span> <span class="cue" id="t-1718" data-t="1718">So that was that was more of his focus, but, yeah, everyone everyone kinda talked about it, behind his back is, like, the plex flop is that was where the real the real juice was, I guess.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1731">28:51</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1731" data-t="1731">So</span> <span class="cue" id="t-1732" data-t="1732">you you mentioned</span> <span class="cue" id="t-1734" data-t="1734">how so you get expelled</span> <span class="cue" id="t-1736" data-t="1736">from Bitcoin University.</span> <span class="cue" id="t-1739" data-t="1739">That doesn't stop you from learning about Bitcoin. You then</span> <span class="cue" id="t-1744" data-t="1744">instead of learning about how to trade Bitcoin</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1747">29:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1747" data-t="1747">like Crater,</span> <span class="cue" id="t-1749" data-t="1749">you then and you go learn about ordinals theory.</span> <span class="cue" id="t-1754" data-t="1754">And you said that that taught you a lot about Bitcoin. Now so so this is an unusual</span> <span class="cue" id="t-1760" data-t="1760">thing because I think what we're seeing a lot from the plebs is they</span> <span class="cue" id="t-1765" data-t="1765">they don't go through the process of actually learning about Bitcoin.</span> <span class="cue" id="t-1771" data-t="1771">So why why did you learn about Bitcoin?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1774">29:34</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1774" data-t="1774">Why why did Ordo's</span> <span class="cue" id="t-1776" data-t="1776">theory</span> <span class="cue" id="t-1777" data-t="1777">teach you about Bitcoin? Why why did you go through the process of learning it instead of just regurgitating Pepl's law?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1785">29:45</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1785" data-t="1785">Well, you know, I wanted</span> <span class="cue" id="t-1787" data-t="1787">to there's I heard about this numbering system of sats.</span> <span class="cue" id="t-1791" data-t="1791">And, you know, there's epic sats. There's rare sats. And,</span> <span class="cue" id="t-1794" data-t="1794">you know, I'm</span> <span class="cue" id="t-1796" data-t="1796">a I'm a collectible guy. I collect Pokemon. So I was like, okay. This is kinda interesting.</span> <span class="cue" id="t-1803" data-t="1803">And then I, you know, I kept learning about how these sats, you know, you can move them around. Whereas at Crassy Universe, the Bitcoin University, there was there was no encouragement to use these sats, these these Bitcoins.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1816">30:16</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1816" data-t="1816">So They had no circular economy on campus.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1819">30:19</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1819" data-t="1819">Exactly. Yeah. There was I couldn't spend my Bitcoin</span> <span class="cue" id="t-1822" data-t="1822">that I had. I couldn't I couldn't use these sats.</span> <span class="cue" id="t-1826" data-t="1826">So I found this whole community. They were they were trading Bitcoin</span> <span class="cue" id="t-1830" data-t="1830">on, you know, layer</span> <span class="cue" id="t-1833" data-t="1833">one to buy all these, like, pictures.</span> <span class="cue" id="t-1835" data-t="1835">So I was like, oh, this is kinda interesting. A lot of people are using this is like,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1840">30:40</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1840" data-t="1840">they're using their money on the Internet to buy things. So</span> <span class="cue" id="t-1844" data-t="1844">I just found that fascinating because I've never at Bitcoin University, we never learned about, like, using Bitcoin for money. So</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1853">30:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1853" data-t="1853">Yeah. Did you did you tell it's probably better to just buy pictures on the Internet with lightning? It's like it's kinda slow just for a picture.</span> <span class="cue" id="t-1861" data-t="1861">Mhmm. Tease all you want. It's kind of expensive. You know? Just see it. Just just ask somebody on the Oster for for their memes with lightning.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1870">31:10</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1870" data-t="1870">Yeah. But then, you know, this is custodial.</span> <span class="cue" id="t-1873" data-t="1873">This is, you know, this is not That's right. The v this is not the vision of trading pictures. We wanna we wanna be in control of our of our of our JPEGs at all times. We don't want, you know,</span> <span class="cue" id="t-1884" data-t="1884">the centralized, most of the Zappas to have our JPEGs.</span> <span class="cue" id="t-1889" data-t="1889">So yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1892">31:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1892" data-t="1892">I had a very similar experience. So, Ron and I, we went to spam in Vegas,</span> <span class="cue" id="t-1897" data-t="1897">the conference that, Aaron Redwing put on.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1901">31:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1901" data-t="1901">That is Ron. That's where I met that's where I met Sue.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1903">31:43</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1903" data-t="1903">Oh, yeah. Who's Ron?</span> <span class="cue" id="t-1907" data-t="1907">No. Rod. Ron. Oh, Rod. Okay. Yeah. No. I know he said he said I think he said wrong.</span> <span class="cue" id="t-1913" data-t="1913">It's alright.</span> <span class="cue" id="t-1915" data-t="1915">Ariel. Sorry.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1917">31:57</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1917" data-t="1917">Yeah. And it was it was pretty astounding because we've been hanging around the conference,</span> <span class="cue" id="t-1922" data-t="1922">and it was a very similar story. There wasn't a lot of discussion around using Bitcoin. There was weren't a lot of people doing it.</span> <span class="cue" id="t-1929" data-t="1929">We you know, I I went into this and, you know, all I'd heard about these spammers was that they're shitcoiners</span> <span class="cue" id="t-1935" data-t="1935">and they suck and they,</span> <span class="cue" id="t-1938" data-t="1938">wear wizard hats or whatever. And and they did wear wizard hats, but</span> <span class="cue" id="t-1943" data-t="1943">they were talking about using Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1946">32:26</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1946" data-t="1946">And it was one of the strangest experiences</span> <span class="cue" id="t-1949" data-t="1949">to be at a Bitcoin conference, interacting with people that are talking about using Bitcoin.</span> <span class="cue" id="t-1955" data-t="1955">Is this, like, a normal thing in these circles</span> <span class="cue" id="t-1959" data-t="1959">that people do?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1962">32:42</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1962" data-t="1962">Yeah. You wouldn't believe how how much people use Bitcoin</span> <span class="cue" id="t-1965" data-t="1965">in the</span> <span class="cue" id="t-1966" data-t="1966">in the,</span> <span class="cue" id="t-1967" data-t="1967">inscription space. Like, they're they're</span> <span class="cue" id="t-1970" data-t="1970">they're using</span> <span class="cue" id="t-1971" data-t="1971">they're using it all the time. You know?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1975">32:55</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-1975" data-t="1975">But I don't know. Girl sees in it too. They're That yeah. I I did see some girls there. This yeah. This is the other difference. You know? Bitcoin this,</span> <span class="cue" id="t-1985" data-t="1985">Bitcoin University, there was no girls, but,</span> <span class="cue" id="t-1988" data-t="1988">yeah, inscribing bit, Bitcoin in Vegas, there was there were there was at least one girl there, I think. So What? And I mean, women like to know</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1997">33:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1997" data-t="1997">that a man, like, can run a node for them. Like, when they get married, this their husband can run a node for them. They can be a sovereign,</span> <span class="cue" id="t-2005" data-t="2005">you know, marriage.</span> <span class="cue" id="t-2006" data-t="2006">And you go to this conference everybody's using for custodial lightning. It's like, I don't can this guy run a node for me during the fourth turning? Like, I don't know if I'd I need to be around this.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2018">33:38</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2018" data-t="2018">Yeah. No. They they they they</span> <span class="cue" id="t-2020" data-t="2020">they have to buy hardware to, you know, run a node. They can't just run it on their laptop. Like, you know, the Bitcoin core,</span> <span class="cue" id="t-2028" data-t="2028">guys, you know, we know we know how to just run a node on a laptop.</span> <span class="cue" id="t-2032" data-t="2032">So this is a big,</span> <span class="cue" id="t-2034" data-t="2034">benefit,</span> <span class="cue" id="t-2035" data-t="2035">I guess.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2036">33:56</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2036" data-t="2036">Yeah. And, of course, the ordinal the the reason they're like, we have so many nodes is because of inscriptions.</span> <span class="cue" id="t-2042" data-t="2042">That's just a fact, I think.</span> <span class="cue" id="t-2044" data-t="2044">People wanna inscribe, you know,</span> <span class="cue" id="t-2047" data-t="2047">the DJs wanna run these nodes. They wanna</span> <span class="cue" id="t-2050" data-t="2050">participate in the, JPEG,</span> <span class="cue" id="t-2053" data-t="2053">revolution.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2053">34:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" data-t="2053">So yeah. Yeah. The people who wanna use Bitcoin, they run notes. They're the ones running the notes. Yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2064">34:24</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2064" data-t="2064">So do these people believe that Bitcoin's money?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2069">34:29</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2069" data-t="2069">Well, they've heard that it's money. I think they they listen to, you know,</span> <span class="cue" id="t-2074" data-t="2074">a lot of podcasts.</span> <span class="cue" id="t-2075" data-t="2075">They they've heard about this this money thing. They they don't</span> <span class="cue" id="t-2080" data-t="2080">I mean, I don't think they know much about money,</span> <span class="cue" id="t-2083" data-t="2083">but they they've heard about it. So they they kind of</span> <span class="cue" id="t-2087" data-t="2087">yeah. They they follow the</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2090">34:50</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2090" data-t="2090">the the podcast,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2093">34:53</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2093" data-t="2093">scripture, I guess. Right. I'm I'm talking about the, the ordinals people. Oh, sorry. Sorry.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2100">34:60</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2100" data-t="2100">Yeah. I mean, they they they don't think anything of it. They just they it's obviously money. There's magic Internet money. So they're, oh, I wanna buy this thing.</span> <span class="cue" id="t-2109" data-t="2109">I'll use buy it myself, custodial wallet,</span> <span class="cue" id="t-2113" data-t="2113">to buy</span> <span class="cue" id="t-2115" data-t="2115">this</span> <span class="cue" id="t-2116" data-t="2116">whatever, this JPEG.</span> <span class="cue" id="t-2119" data-t="2119">And they don't they don't think anything of it. It's just normal. It's just natural for them to use Bitcoin as money.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2125">35:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2125" data-t="2125">So</span> <span class="cue" id="t-2127" data-t="2127">but but do they know what money is? Have they read the Bitcoin standard?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2132">35:32</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2132" data-t="2132">They haven't. No. And they have not listened to the Robert Breedlove,</span> <span class="cue" id="t-2136" data-t="2136">What Money Is podcast.</span> <span class="cue" id="t-2138" data-t="2138">So</span> <span class="cue" id="t-2139" data-t="2139">they don't they have no idea what money is,</span> <span class="cue" id="t-2142" data-t="2142">but they still</span> <span class="cue" id="t-2144" data-t="2144">use it as money. So</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2146">35:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2146" data-t="2146">So</span> <span class="cue" id="t-2147" data-t="2147">in your opinion,</span> <span class="cue" id="t-2150" data-t="2150">from your perspective of interacting with these people,</span> <span class="cue" id="t-2154" data-t="2154">what what is the purpose of trading JPEGs</span> <span class="cue" id="t-2157" data-t="2157">on Bitcoin?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2159">35:59</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2159" data-t="2159">The purpose of trading JPEGs on Bitcoin is to lose your Bitcoin.</span> <span class="cue" id="t-2165" data-t="2165">So you Just like buy this JPEG you buy the JPEG,</span> <span class="cue" id="t-2169" data-t="2169">and</span> <span class="cue" id="t-2170" data-t="2170">then it goes to zero, and you can't find anyone else to buy it from me.</span> <span class="cue" id="t-2175" data-t="2175">But you did pay the miner a fee while you bought the JPEG.</span> <span class="cue" id="t-2180" data-t="2180">So, technically, you are supporting the Bitcoin network.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2185">36:25</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2185" data-t="2185">You know, the people who are working hard with their with their hardware,</span> <span class="cue" id="t-2189" data-t="2189">they're finding all these these blocks. So you're you're supporting them while you But in the way it is.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2196">36:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2196" data-t="2196">Yeah. Bitcoin runs</span> <span class="cue" id="t-2198" data-t="2198">and is, you know,</span> <span class="cue" id="t-2200" data-t="2200">maintained</span> <span class="cue" id="t-2201" data-t="2201">by the donations</span> <span class="cue" id="t-2202" data-t="2202">of these ordinals traders.</span> <span class="cue" id="t-2204" data-t="2204">Like, these guys, you know, the the the the creditor gardeners aren't using Bitcoin. They're not paying miners anything. They're not</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2214">36:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2214" data-t="2214">providing any value to the network, any liquidity,</span> <span class="cue" id="t-2217" data-t="2217">maybe acts of liquidity on an exchange.</span> <span class="cue" id="t-2220" data-t="2220">But the worst people are using Bitcoin and, you know,</span> <span class="cue" id="t-2225" data-t="2225">paying the miners</span> <span class="cue" id="t-2226" data-t="2226">for</span> <span class="cue" id="t-2227" data-t="2227">so they don't have you don't wanna spend your Bitcoin. But</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2230">37:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2230" data-t="2230">everybody likes to have a story that you'd be like, oh, you know, I've lost more Bitcoin than you've ever stacked, bucko. You know? And it's like Yeah. That's Instead of spending your money, you you it's it's like a scar. You know? You you lost it. It's cool. The sign of I think the sign of an OG</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2246">37:26</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2246" data-t="2246">is</span> <span class="cue" id="t-2247" data-t="2247">you've lost more Bitcoin than you have.</span> <span class="cue" id="t-2250" data-t="2250">So this is the kind of aim of the game. If you wanna be painted as an OG,</span> <span class="cue" id="t-2254" data-t="2254">if you wanna add that to your bio and, on Twitter, then you have to loo you gotta lose some Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2261">37:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2261" data-t="2261">Do you think most people</span> <span class="cue" id="t-2263" data-t="2263">if they regret it,</span> <span class="cue" id="t-2264" data-t="2264">or do you think most people think it was worth it?</span> <span class="cue" id="t-2270" data-t="2270">At the end of the day. At the end of the day. Like, not, like, not the people that bought the top because they they saw hot to a coin. But, like, you know, people like you just fucking around</span> <span class="cue" id="t-2279" data-t="2279">pissing off,</span> <span class="cue" id="t-2281" data-t="2281">the plaids pissing off the maxis.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2284">38:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2284" data-t="2284">That's kinda fun. Right?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2286">38:06</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2286" data-t="2286">Yeah. It's all worth it. You know? If you get a few likes on Twitter, then that's that's all the mess.</span> <span class="cue" id="t-2292" data-t="2292">So</span> <span class="cue" id="t-2293" data-t="2293">it's it's worth it. Yeah. Every time.</span> <span class="cue" id="t-2296" data-t="2296">Well, I wouldn't change anything.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2301">38:21</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2301" data-t="2301">Interesting.</span> <span class="cue" id="t-2308" data-t="2308">Yeah. We're in this really interesting,</span> <span class="cue" id="t-2311" data-t="2311">predicament right now. So there's,</span> <span class="cue" id="t-2313" data-t="2313">so you're working on,</span> <span class="cue" id="t-2315" data-t="2315">I think, what you classify as a Bitcoin layer two</span> <span class="cue" id="t-2320" data-t="2320">of sorts.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2322">38:42</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2322" data-t="2322">Yeah.</span> <span class="cue" id="t-2323" data-t="2323">Maybe. Who knows? This is you know? No one knows. No one knows what char is. This is the beauty of charm, but</span> <span class="cue" id="t-2331" data-t="2331">no one knows what it is.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2333">38:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2333" data-t="2333">Even though it is Is that is that, is that intentional?</span> <span class="cue" id="t-2337" data-t="2337">Or you just haven't found the right marketing associate? Like, what's the how come nobody knows? What are you why are you working on something that nobody knows about? Well, Jeremy knows what it is.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2348">39:08</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2348" data-t="2348">But, you know, we we have to You're gonna trust him to explain it to people. We have to extract</span> <span class="cue" id="t-2353" data-t="2353">what it is from Jeremy's brain. This is the hardest part. So that's where everyone the whole community right now, we're trying to this is what we're trying to do to try and figure out what what the char network actually is.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2365">39:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2365" data-t="2365">Well, it it that's a good way of putting it. There's been a strategy that that people have used for a long time. Like, you've got things like Synonym and Impervious.</span> <span class="cue" id="t-2375" data-t="2375">No. Nobody knows what it is.</span> <span class="cue" id="t-2377" data-t="2377">They raise VC money</span> <span class="cue" id="t-2381" data-t="2381">and</span> <span class="cue" id="t-2385" data-t="2385">until they kinda just, like, hang out and they market whatever</span> <span class="cue" id="t-2388" data-t="2388">their thing is</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2390">39:50</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2390" data-t="2390">until it comes time to,</span> <span class="cue" id="t-2392" data-t="2392">you know, actually earn money and the VC money runs out. So it's kinda it's kinda like, you know, just like a creative way to throw a party. So</span> <span class="cue" id="t-2400" data-t="2400">they they hire all their friends and they hang out in, like, an office and, like, tweet together. At conferences.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2406">40:06</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2406" data-t="2406">Yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2409">40:09</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2409" data-t="2409">Yeah. No. That's exactly what it is. Yeah. You you've nailed it.</span> <span class="cue" id="t-2414" data-t="2414">No. No. We're, you know, we're building,</span> <span class="cue" id="t-2416" data-t="2416">you know, we're building. So</span> <span class="cue" id="t-2418" data-t="2418">just So you just say stealth mode. All I say is stealth mode, and then, like,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2423">40:23</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2423" data-t="2423">So is that I I Yeah. I assume this is what your preferred</span> <span class="cue" id="t-2428" data-t="2428">environment</span> <span class="cue" id="t-2429" data-t="2429">is in the Bitcoin space. So you've got kind of two approaches.</span> <span class="cue" id="t-2432" data-t="2432">You've got your approach where it's like you're just building something. You don't know what. You can't explain it. Your boss won't tell you,</span> <span class="cue" id="t-2441" data-t="2441">but you're quiet right? Like it's it's not out there it's not a big thing on the timeline and then you've got like the swan model where it's like you promote it you build it up you try to think it public before you build it</span> <span class="cue" id="t-2452" data-t="2452">And with</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2454">40:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2454" data-t="2454">one side is more hype, it's more fun, there's more parties.</span> <span class="cue" id="t-2458" data-t="2458">What is the what is the benefit of,</span> <span class="cue" id="t-2461" data-t="2461">working in these, like, stealth mode with,</span> <span class="cue" id="t-2464" data-t="2464">like, in those</span> <span class="cue" id="t-2466" data-t="2466">crazy wizard</span> <span class="cue" id="t-2468" data-t="2468">child prodigies</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2469">41:09</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2469" data-t="2469">like,</span> <span class="cue" id="t-2471" data-t="2471">Jeremy Rubin?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2473">41:13</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2473" data-t="2473">It's peaceful, you know. We get to do our own thing.</span> <span class="cue" id="t-2477" data-t="2477">You know, we're working on our own little</span> <span class="cue" id="t-2479" data-t="2479">little project.</span> <span class="cue" id="t-2481" data-t="2481">When when we've got something to show, we're, you know, we'll show it. But</span> <span class="cue" id="t-2486" data-t="2486">right now, we're just we're just vibing. I think that's that's the word. We're just, you know, we're enjoying the pleb slop. We're just vibing. We're just coding, and</span> <span class="cue" id="t-2495" data-t="2495">we'll see what happens. Is</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2497">41:37</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2497" data-t="2497">is Jeremy just on, you know, scrolling TikTok all day? Like, what's he doing?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2502">41:42</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2502" data-t="2502">Yeah. No. I don't know I don't know what he's up to. He's just yeah. I think he's just he's he he loves the Plebslop as much as anyone else. It's not it doesn't</span> <span class="cue" id="t-2511" data-t="2511">it doesn't,</span> <span class="cue" id="t-2513" data-t="2513">yeah. There's no no one's no one's safe from the Pleb Slop. So</span> <span class="cue" id="t-2517" data-t="2517">Absolutely not. But one thing that I did, like, this is,</span> <span class="cue" id="t-2522" data-t="2522">you know, he's he's a big cargo pants guy, publicly.</span> <span class="cue" id="t-2526" data-t="2526">But I don't I haven't seen it. This is exclusive</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2530">42:10</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2530" data-t="2530">for the bugle, but I I haven't seen him once</span> <span class="cue" id="t-2533" data-t="2533">wearing cargo pants for the whole time</span> <span class="cue" id="t-2536" data-t="2536">that I've known him.</span> <span class="cue" id="t-2538" data-t="2538">So</span> <span class="cue" id="t-2540" data-t="2540">I don't know what that says.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2542">42:22</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2542" data-t="2542">It's kinda hot down there.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2544">42:24</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2544" data-t="2544">It's hot. Yeah. But you these cargo pants, you know, you can you can remove the legs the second half.</span> <span class="cue" id="t-2551" data-t="2551">You can turn them into cargo shorts. So</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2555">42:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2555" data-t="2555">Jeremy seems like a guy who's never grown up and just wears shorts. Like, he he hasn't gone in into the adult, like, wearing pants phase yet. You know what I mean? I don't own any I don't own any pants.</span> <span class="cue" id="t-2565" data-t="2565">Oh, so you're in the suit. But I I mean, there's an excuse for you because you you got your college career</span> <span class="cue" id="t-2571" data-t="2571">cut short. You didn't have that, right of passage in your life getting your,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2576">42:56</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2576" data-t="2576">defensive.</span> <span class="cue" id="t-2578" data-t="2578">Yeah. I know. I,</span> <span class="cue" id="t-2581" data-t="2581">Yeah. I can't afford jeans. I don't know. This is I'm just a I'm just a shorts guy for life. I'm just short, I guess.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2591">43:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2591" data-t="2591">If you're at the ants, you're paying for that extra material. It needs your short pick, Clint.</span> <span class="cue" id="t-2596" data-t="2596">If you don't wear shorts, you're short Bitcoin.</span> <span class="cue" id="t-2602" data-t="2602">So back to the</span> <span class="cue" id="t-2604" data-t="2604">the,</span> <span class="cue" id="t-2607" data-t="2607">the drama and, like, where where we're at here. Like, what is the perspective from</span> <span class="cue" id="t-2612" data-t="2612">shops like yours,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2613">43:33</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2613" data-t="2613">crew chats like yours with other,</span> <span class="cue" id="t-2615" data-t="2615">you know, submarine mode or,</span> <span class="cue" id="t-2619" data-t="2619">you come yeah. Yeah. Do you get do anybody from Citrio? Like, what's their</span> <span class="cue" id="t-2623" data-t="2623">opinion of the drama with these building well, building these projects that nobody's heard of or understands how they work?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2630">43:50</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2630" data-t="2630">Well, I mean, they, you know, they're loving it right now. They they they they caused all this drama.</span> <span class="cue" id="t-2636" data-t="2636">They they got what they wanted, so now they can spam Bitcoin with their,</span> <span class="cue" id="t-2640" data-t="2640">large,</span> <span class="cue" id="t-2642" data-t="2642">Bitcoin</span> <span class="cue" id="t-2643" data-t="2643">transactions.</span> <span class="cue" id="t-2644" data-t="2644">So</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2645">44:05</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2645" data-t="2645">yeah. And I heard, you know, they're gonna their main net is coming soon. So</span> <span class="cue" id="t-2650" data-t="2650">this is gonna</span> <span class="cue" id="t-2651" data-t="2651">you know, the the Nots the Nots boys are running out of time, I think.</span> <span class="cue" id="t-2655" data-t="2655">Because sit Citra,</span> <span class="cue" id="t-2657" data-t="2657">they're coming. They're coming for the,</span> <span class="cue" id="t-2659" data-t="2659">the blocks. They're coming for the the block space. So,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2664">44:24</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2664" data-t="2664">yeah, they, they got a fork pretty quickly right now or Citra,</span> <span class="cue" id="t-2668" data-t="2668">you know, they'll be unleashed, I guess.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2674">44:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2674" data-t="2674">So the Nazis are who do they have to convince at this point? The economic nodes, the miners,</span> <span class="cue" id="t-2680" data-t="2680">the the plebs?</span> <span class="cue" id="t-2682" data-t="2682">They seem to have the plebs convinced.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2684">44:44</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2684" data-t="2684">Yeah. I mean, they have, what, 20% of the plebs right now. So that's a that's a lot of plebs.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2690">44:50</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2690" data-t="2690">That's it for the plebs. Yeah. Plebs slop. Yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2695">44:55</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2695" data-t="2695">So I think they they just need to get this bit number. This is all they're waiting for. And, oh, they're waiting for Luke to get access to his GitHub account. Right? He's traveling right now. He can't access his GitHub, so this is what we're all waiting for because someone actually needs to, you know, write up the code.</span> <span class="cue" id="t-2713" data-t="2713">So Luke is you know, we we're all waiting for Luke to get his, GitHub access back.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2719">45:19</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2719" data-t="2719">Can you account on the code of,</span> <span class="cue" id="t-2721" data-t="2721">the work of Dan Thamont?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2723">45:23</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2723" data-t="2723">What's it what's this guy's name? Dave Dave Dave Dave Dave Dave Dave Dave Dave Dave or Chris Chris Chris Gouda, I think his name is. Chris Guido.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2731">45:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2731" data-t="2731">Chris Guido. Chris Guido. Chris Guido. Okay. That's gonna be Gouda after the cheese. But Now Guido is the I alright. This is this is not a lieutenant</span> <span class="cue" id="t-2742" data-t="2742">of,</span> <span class="cue" id="t-2743" data-t="2743">of Luke. Right? Chris Guido is, like, one of the captains.</span> <span class="cue" id="t-2747" data-t="2747">He's the kind of He's the he's the jester.</span> <span class="cue" id="t-2750" data-t="2750">The jester. Okay. And so Yeah. There's two</span> <span class="cue" id="t-2753" data-t="2753">there's the there's a goldfish. There's a goldfish memes, and then there is,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2758">45:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2758" data-t="2758">the sea lion meme. He's kind of like the face of these two memes. Do you know I know the sea lion. We talked about the sea lion one. Can you explain the goldfish?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2766">46:06</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2766" data-t="2766">Well, I think I don't know about the sea lion sea lion one, but the goldfish one is he just, you know, he just repeats</span> <span class="cue" id="t-2773" data-t="2773">nonstop. He just gets stuck on a a feedback loop in in Twitter,</span> <span class="cue" id="t-2777" data-t="2777">comments,</span> <span class="cue" id="t-2778" data-t="2778">while he's arguing with people. So he'll, he'll just forget</span> <span class="cue" id="t-2782" data-t="2782">that something someone commented something.</span> <span class="cue" id="t-2784" data-t="2784">So then he'll keep replying, and then he gets stuck in the loop with Grok.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2788">46:28</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2788" data-t="2788">And he would just be on there, like, oh, sometimes, like</span> <span class="cue" id="t-2792" data-t="2792">like, days on end, he'll just be in a loop with Grok just trying to figure out, like, how</span> <span class="cue" id="t-2798" data-t="2798">like,</span> <span class="cue" id="t-2799" data-t="2799">do the fillers work or not?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2801">46:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2801" data-t="2801">Every every time he tries to learn, Portland Hoddle is is is attacking his Comcast node and getting them all spun out.</span> <span class="cue" id="t-2809" data-t="2809">Mhmm. But that's very similar so to the the sea lion</span> <span class="cue" id="t-2813" data-t="2813">meme that I don't know. The Goldfish one's much more popular. But it's like in in the</span> <span class="cue" id="t-2818" data-t="2818">his</span> <span class="cue" id="t-2819" data-t="2819">I don't know if his is deliberate</span> <span class="cue" id="t-2821" data-t="2821">or he just effectively does it. But it's like, Keith asked he's trying to antagonize the bay,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2828">47:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2828" data-t="2828">in what is perceived trying in the perception of of good faith</span> <span class="cue" id="t-2833" data-t="2833">and get get the other side to just constantly</span> <span class="cue" id="t-2836" data-t="2836">respond, trying to explain</span> <span class="cue" id="t-2838" data-t="2838">the situation, trying to have a reasonable response, trying to answer their questions.</span> <span class="cue" id="t-2843" data-t="2843">And this is DDoS ing their time because no explanation will ever be sufficient. It'll always be interpreted</span> <span class="cue" id="t-2849" data-t="2849">in the most,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2850">47:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2850" data-t="2850">opportunistic</span> <span class="cue" id="t-2851" data-t="2851">light by the sea lion</span> <span class="cue" id="t-2853" data-t="2853">to continue the debate and force people to keep arguing about it. And it I</span> <span class="cue" id="t-2858" data-t="2858">it's difficult to tell</span> <span class="cue" id="t-2860" data-t="2860">if that is, like, what he's doing on purpose</span> <span class="cue" id="t-2864" data-t="2864">or if he really is, you know he's like Peter McCormick. Like, no matter how many times you explain it to him, he doesn't get it.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2872">47:52</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2872" data-t="2872">Yeah. I think it's that yeah. I think it's that one. He's, you know, he's doing his thing.</span> <span class="cue" id="t-2877" data-t="2877">He's trying you know, he's wasting all his water in the world. It's like,</span> <span class="cue" id="t-2882" data-t="2882">talking to Grok. Like, the amount of GPU cycles that are being used</span> <span class="cue" id="t-2886" data-t="2886">just with,</span> <span class="cue" id="t-2887" data-t="2887">Chris and Grok is just, like, pretty incredible.</span> <span class="cue" id="t-2890" data-t="2890">So,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2892">48:12</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2892" data-t="2892">he's, yeah, he's just</span> <span class="cue" id="t-2894" data-t="2894">he's out on a mission. And this is what's sad because he's been doing this this for, like, almost a year</span> <span class="cue" id="t-2900" data-t="2900">of saying, you know, fix the filters. The filters work.</span> <span class="cue" id="t-2904" data-t="2904">And then his own, you know, his own brethren, his own team, the ocean boys,</span> <span class="cue" id="t-2909" data-t="2909">they were like, alright. The filters don't work. We need to soft walk.</span> <span class="cue" id="t-2913" data-t="2913">And this this must have caught him by surprise because, I don't know. He's just, like, I don't think he's been the same since that happened because he's, you know, he's been very focused on this narrative that,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2923">48:43</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2923" data-t="2923">you know, the filters work. But now</span> <span class="cue" id="t-2926" data-t="2926">the, the generals</span> <span class="cue" id="t-2928" data-t="2928">and the the leadership have gone they've gone a different way. They've gone the way of the of the soft fork. So he's, you know, he's had to kinda learn,</span> <span class="cue" id="t-2936" data-t="2936">why this is a good thing. And now I think he's now coming around to the idea. He's learning more about it.</span> <span class="cue" id="t-2942" data-t="2942">So, yeah, this is this this might be a new Chris. I don't know. We might not see this anymore from him.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2950">49:10</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2950" data-t="2950">He got his firmware patched.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2952">49:12</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2952" data-t="2952">Yeah. Yeah. I think he went he must have</span> <span class="cue" id="t-2955" data-t="2955">Cracker must have gone into, you know, do a reeducation,</span> <span class="cue" id="t-2960" data-t="2960">like, course at Bitcoin University to, like, you know, take him through why the soft fork why the filters don't work, why we have to soft fork. So</span> <span class="cue" id="t-2969" data-t="2969">yeah. But I think he's he's he's got caught up on it now, so he's he's pushing the the agenda now.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2975">49:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2975" data-t="2975">So</span> <span class="cue" id="t-2977" data-t="2977">what do you what do you think the endgame of</span> <span class="cue" id="t-2980" data-t="2980">this</span> <span class="cue" id="t-2981" data-t="2981">software proposal is?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2986">49:46</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-2986" data-t="2986">Well, we go for to bit four four five.</span> <span class="cue" id="t-2991" data-t="2991">Like, that's the next step.</span> <span class="cue" id="t-2993" data-t="2993">I think they're gonna read I think they're gonna remake the bit.</span> <span class="cue" id="t-2996" data-t="2996">So when this is white gets his</span> <span class="cue" id="t-2999" data-t="2999">gone.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3000">50:00</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3000" data-t="3000">This is white,</span> <span class="cue" id="t-3002" data-t="3002">you know, Donald Trump.</span> <span class="cue" id="t-3004" data-t="3004">It it's never going away. It's never going away. Right? Like, it's like, we just he would he's gonna run for the next election. Now he's gonna run for a third term. And whether you like him or not, is there are a certain subset of people who are, like, certain to go crazy, and their their sprues are starting to, like, rattle because they're like, this</span> <span class="cue" id="t-3023" data-t="3023">is just gonna keep going. There's</span> <span class="cue" id="t-3027" data-t="3027">there's no end to the amount of bits that they can open. They can open more bits than any of us can ever fathom.</span> <span class="cue" id="t-3034" data-t="3034">It's like paper Bitcoin summer. It went on. It can keep it just keeps going on. You're never gonna get rid of it.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3040">50:40</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3040" data-t="3040">And some people</span> <span class="cue" id="t-3042" data-t="3042">are coming to that realization.</span> <span class="cue" id="t-3044" data-t="3044">How do you</span> <span class="cue" id="t-3046" data-t="3046">pace yourself so you don't go postal, so to speak, right, where you're just like, I can't handle</span> <span class="cue" id="t-3051" data-t="3051">the bits just keep coming.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3053">50:53</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3053" data-t="3053">Yeah. I mean, they already started a pretty high bit number, so they're already at 444.</span> <span class="cue" id="t-3061" data-t="3061">So, yeah, they do they do need to pace themselves. They get 445, and then that'll be closed. And then we'll keep, you know, we'll keep going and going. But Luke is a bit, like,</span> <span class="cue" id="t-3070" data-t="3070">a maintainer. He's he's in the in the council of bips. So</span> <span class="cue" id="t-3074" data-t="3074">he has,</span> <span class="cue" id="t-3075" data-t="3075">authority Right.</span> <span class="cue" id="t-3077" data-t="3077">Over this.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3079">51:19</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3079" data-t="3079">So yeah. And he can They're now there.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3082">51:22</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3082" data-t="3082">They're</span> <span class="cue" id="t-3083" data-t="3083">not even just bips.</span> <span class="cue" id="t-3085" data-t="3085">They're writing open letters and submitting it to the Bitcoin mailing list or, the development mailing list.</span> <span class="cue" id="t-3091" data-t="3091">Like, they're writing to their their congressmen or their senators, and they're saying,</span> <span class="cue" id="t-3095" data-t="3095">do not support spam on the next</span> <span class="cue" id="t-3098" data-t="3098">core release. Like,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3100">51:40</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3100" data-t="3100">submit a bill. Like, get this out of here.</span> <span class="cue" id="t-3102" data-t="3102">And the core devs are like, what are we gonna do with this? Like, who are these people? Who do they think we are?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3109">51:49</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3109" data-t="3109">Yeah. I know. The the the Bitcoin core devs, you know, they retaliated. They removed or they're trying to remove Luke from the DNS seats.</span> <span class="cue" id="t-3116" data-t="3116">And as we know, Luke has got, you know, his his, like, service out. He's very secure. He's just very trustworthy</span> <span class="cue" id="t-3123" data-t="3123">with his, like,</span> <span class="cue" id="t-3125" data-t="3125">setup. So you know? And he he would never,</span> <span class="cue" id="t-3129" data-t="3129">you know, do anything to sabotage the Bitcoin network with his, like, seed relaying. So I don't know why they're, they're attacking him in this way. And then someone else, you know, they retaliate. They're trying to get Peter Todd's seed,</span> <span class="cue" id="t-3142" data-t="3142">DNS seed, like, removed.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3145">52:25</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3145" data-t="3145">So this is just this is the GitHub boards we're under now. This is this is all it is. So,</span> <span class="cue" id="t-3152" data-t="3152">we'll see what happens, but</span> <span class="cue" id="t-3155" data-t="3155">we might end up with no seed,</span> <span class="cue" id="t-3158" data-t="3158">The NSC is left,</span> <span class="cue" id="t-3160" data-t="3160">at the end of this. We'll just we won't be able to you just start a Bitcoin node, and it'll just</span> <span class="cue" id="t-3165" data-t="3165">nothing will happen.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3172">52:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3172" data-t="3172">What is the,</span> <span class="cue" id="t-3173" data-t="3173">what are they where where are they can you at a very simple level explain</span> <span class="cue" id="t-3178" data-t="3178">what the</span> <span class="cue" id="t-3180" data-t="3180">their their current software proposal is the one from this weekend, what it's trying to do, and it maybe even</span> <span class="cue" id="t-3188" data-t="3188">why it's so the pupslop of it is just so</span> <span class="cue" id="t-3192" data-t="3192">funny to so many people. Why why people giggle when they see</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3196">53:16</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3196" data-t="3196">this pupslop on GitHub?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3199">53:19</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3199" data-t="3199">Well, they're trying to they're trying</span> <span class="cue" id="t-3201" data-t="3201">to stop the Libet boost</span> <span class="cue" id="t-3204" data-t="3204">coming on chain.</span> <span class="cue" id="t-3206" data-t="3206">So, you know, they're trying to restrict the control block so you can't add data to the control block.</span> <span class="cue" id="t-3212" data-t="3212">And this would, you know there there'll be no more no more you're evicting the little bit boost from their homes at this point.</span> <span class="cue" id="t-3219" data-t="3219">So this is why everyone is very</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3222">53:42</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3222" data-t="3222">upset about this proposal because they don't you know, they wanna use the control block for its intended purpose, which is,</span> <span class="cue" id="t-3228" data-t="3228">you know, to house the, the bit booze.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3232">53:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3232" data-t="3232">So So</span> <span class="cue" id="t-3234" data-t="3234">they're hoping that they can basically</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3236">53:56</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3236" data-t="3236">kill off the little bit booze, and then the the problem will be gone Right. In a year. It's like a go you know, they shut down the government. They they wanna shut down the LibetBoos.</span> <span class="cue" id="t-3247" data-t="3247">They wanna starve them out and you know? But I don't think the Bitcoin community is obviously you know, you've seen over the past week, they</span> <span class="cue" id="t-3255" data-t="3255">they've violently,</span> <span class="cue" id="t-3256" data-t="3256">they're running against this change. They don't want little bit boost to</span> <span class="cue" id="t-3261" data-t="3261">die. They want them to survive. So</span> <span class="cue" id="t-3263" data-t="3263">this is,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3265">54:25</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3265" data-t="3265">I mean, for me, you know, I'm happy to see this.</span> <span class="cue" id="t-3268" data-t="3268">But</span> <span class="cue" id="t-3269" data-t="3269">a lot of people are not happy. So we'll we'll see we'll see what happens.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3272">54:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3272" data-t="3272">Can can you explain what a Libetbu is?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3277">54:37</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3277" data-t="3277">Well, I would have to explain what a Libetbu is before that,</span> <span class="cue" id="t-3282" data-t="3282">but I don't know if anyone wants to. Let's let's</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3285">54:45</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3285" data-t="3285">do that. Let's hit this topic for first principles. What's a Laboeba?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3289">54:49</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3289" data-t="3289">Laboeba</span> <span class="cue" id="t-3290" data-t="3290">is a,</span> <span class="cue" id="t-3292" data-t="3292">it's a j it's a web p that lives in the control block of a tap through transaction.</span> <span class="cue" id="t-3299" data-t="3299">That's what it is.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3302">55:02</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3302" data-t="3302">Can you explain that like you're talking to a journalist?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3308">55:08</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3308" data-t="3308">So you send a Bitcoin transaction, a tap through transaction,</span> <span class="cue" id="t-3313" data-t="3313">and then you have the control block, which, like,</span> <span class="cue" id="t-3317" data-t="3317">I guess, it reveals your script that you spent, but you can hide,</span> <span class="cue" id="t-3321" data-t="3321">some data in the sibling, like, the some of the, like, tree of the,</span> <span class="cue" id="t-3328" data-t="3328">control block.</span> <span class="cue" id="t-3330" data-t="3330">And that's where the Libetbu is hiding in the control block. You know? You can just put any data you want in there up to four kilobytes.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3337">55:37</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3337" data-t="3337">So</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3339">55:39</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3339" data-t="3339">Is it</span> <span class="cue" id="t-3340" data-t="3340">a is it a Trojan is what is this a Trojan horse?</span> <span class="cue" id="t-3344" data-t="3344">Can you fit illegal data</span> <span class="cue" id="t-3346" data-t="3346">in one of these things?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3349">55:49</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3349" data-t="3349">Yeah. I guess you could put I mean, it depends where you are in the world, but you could put some yeah. Whatever you want in it. As long as it's, you know, four kilobytes</span> <span class="cue" id="t-3357" data-t="3357">of data, it can go in a tap root transaction.</span> <span class="cue" id="t-3362" data-t="3362">So, yeah, you could put maybe you could put tank tank man in there. I don't know.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3368">56:08</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3368" data-t="3368">Put a picture of the prophet Mohammed.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3371">56:11</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3371" data-t="3371">You could do that. Yeah.</span> <span class="cue" id="t-3373" data-t="3373">But the primary use case of the control block is to store a little bit boost. So</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3384">56:24</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3384" data-t="3384">Is there is there any way</span> <span class="cue" id="t-3386" data-t="3386">is is there something that the Nazis</span> <span class="cue" id="t-3389" data-t="3389">are upset about that they wanna stop,</span> <span class="cue" id="t-3391" data-t="3391">which is different from just the other ways that they're inscribing things?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3397">56:37</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3397" data-t="3397">Well, it's in it's in the BIP. So they're obviously they were</span> <span class="cue" id="t-3402" data-t="3402">upset that people were using the control block in this way.</span> <span class="cue" id="t-3407" data-t="3407">So they they wanna they wanna stop. They wanna ban the use the use of the control block, which would it would also affect, you know, real transactions</span> <span class="cue" id="t-3415" data-t="3415">by the,</span> <span class="cue" id="t-3418" data-t="3418">the latest,</span> <span class="cue" id="t-3419" data-t="3419">TabConf,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3420">57:00</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3420" data-t="3420">capture the Bitcoin.</span> <span class="cue" id="t-3422" data-t="3422">It's</span> <span class="cue" id="t-3423" data-t="3423">spend the the winning you know, to spend this this capture the Bitcoin transaction, which is a valid,</span> <span class="cue" id="t-3429" data-t="3429">monetary transaction,</span> <span class="cue" id="t-3431" data-t="3431">the debt was way past what Luke wants to ban. So</span> <span class="cue" id="t-3436" data-t="3436">you could end up blocking</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3437">57:17</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3437" data-t="3437">well, you don't also, with Tapri, you don't know</span> <span class="cue" id="t-3441" data-t="3441">what scripts people have already used. So they could just be blocked from sending any</span> <span class="cue" id="t-3445" data-t="3445">Bitcoin for the temporary</span> <span class="cue" id="t-3448" data-t="3448">whatever</span> <span class="cue" id="t-3449" data-t="3449">thing they've set.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3451">57:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3451" data-t="3451">Do do they ever</span> <span class="cue" id="t-3453" data-t="3453">address publicly</span> <span class="cue" id="t-3455" data-t="3455">whether or not they believe that any data</span> <span class="cue" id="t-3458" data-t="3458">tethered by,</span> <span class="cue" id="t-3460" data-t="3460">or, excuse me, anchored by Tether</span> <span class="cue" id="t-3464" data-t="3464">in the</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3465">57:45</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3465" data-t="3465">in the blockchain,</span> <span class="cue" id="t-3466" data-t="3466">if that's considered spam</span> <span class="cue" id="t-3468" data-t="3468">or if that is a monetary use case because it's Tether.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3472">57:52</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3472" data-t="3472">Oh, no. They love Tether. This is the Phil the Phil boys, they are big Tether fans. They're they're they're yeah. Whatever Tether say They believe Tether is money. They they they believe Tether is money. Yeah. They use Tether. This is a big thing at Crayer,</span> <span class="cue" id="t-3487" data-t="3487">university. Bitcoin university is, you know,</span> <span class="cue" id="t-3489" data-t="3489">forget about Bitcoin. Tether is, you know, this is money. This is real money.</span> <span class="cue" id="t-3494" data-t="3494">You can send it.</span> <span class="cue" id="t-3496" data-t="3496">You know, you can pay for things. Everything's priced in dollars, so you can like, Tether is priced in dollars. This is like a a big thing of the Bitcoin university is that you can you know, you don't use your Bitcoin. You use your Tether,</span> <span class="cue" id="t-3509" data-t="3509">with, like, Aqua Wallet and all these things.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3512">58:32</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3512" data-t="3512">You'd like the Tron network is a big thing at Bitcoin University.</span> <span class="cue" id="t-3516" data-t="3516">They love the Tron network there.</span> <span class="cue" id="t-3518" data-t="3518">You can use, you know, Tether for very, very cheap.</span> <span class="cue" id="t-3522" data-t="3522">You can send it. You can use it, you know,</span> <span class="cue" id="t-3525" data-t="3525">do what you want.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3527">58:47</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3527" data-t="3527">But yeah. You can teach your you could teach your,</span> <span class="cue" id="t-3530" data-t="3530">your housemaid</span> <span class="cue" id="t-3532" data-t="3532">to send</span> <span class="cue" id="t-3533" data-t="3533">tether on Tron back to their family members in the global South.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3537">58:57</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3537" data-t="3537">Exactly. Yeah. Yeah. And now you can even you can teach your robot, a housemate, to do the same thing. You know? They'll all be using Tether</span> <span class="cue" id="t-3544" data-t="3544">since the the future of money is, you know, the the Tether on these,</span> <span class="cue" id="t-3550" data-t="3550">you know, on Tron.</span> <span class="cue" id="t-3551" data-t="3551">We're getting on we're getting you know, Tether's moving to Bitcoin. So</span> <span class="cue" id="t-3556" data-t="3556">RGB, no one no one knows what RGB is, but, apparently, that's a Tether thing. But If we get if we can get fees low enough for areas,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3565">59:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3565" data-t="3565">one savvy by if we get fees low, if we could just get Tether to end all of this, you know, all these</span> <span class="cue" id="t-3572" data-t="3572">stablecoin investments and all these other blockchains,</span> <span class="cue" id="t-3574" data-t="3574">we just bring Tether back on chain where it belongs.</span> <span class="cue" id="t-3578" data-t="3578">If the fees are low enough.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3581">59:41</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3581" data-t="3581">Yeah. I mean, that's that's that's the in the vision.</span> <span class="cue" id="t-3586" data-t="3586">Using US dollars on Bitcoin. This is gonna, you know Bring back to you. Bring make the Omni layer great again. Omni yeah. Omni layer. Let's bring it back.</span> <span class="cue" id="t-3595" data-t="3595">Yeah. I mean, you're gonna have tether on, you know,</span> <span class="cue" id="t-3599" data-t="3599">type through assets. You're gonna have it on spark. You're gonna have it on all. You're gonna have it on bulk. You're gonna have it on whatever else. You know? This is gonna</span> <span class="cue" id="t-3608" data-t="3608">it's just this is it. This is the tether tetherification</span> <span class="cue" id="t-3611" data-t="3611">of,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3612">1:00:12</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3612" data-t="3612">Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3616">1:00:16</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3616" data-t="3616">But that's okay because Bitcoin is money and Tether is money.</span> <span class="cue" id="t-3623" data-t="3623">So I I wanna talk I guess, the last topic I wanna talk about</span> <span class="cue" id="t-3627" data-t="3627">so Paul Stork was at TabCom,</span> <span class="cue" id="t-3631" data-t="3631">school and everybody about why lightning's a waste of time.</span> <span class="cue" id="t-3635" data-t="3635">There's a lot of</span> <span class="cue" id="t-3637" data-t="3637">Bitcoin Magazine</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3640">1:00:40</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3640" data-t="3640">pulled their lightning edition</span> <span class="cue" id="t-3642" data-t="3642">off the store.</span> <span class="cue" id="t-3644" data-t="3644">They're pretending like they never released it.</span> <span class="cue" id="t-3649" data-t="3649">There's this race to see who's gonna be</span> <span class="cue" id="t-3652" data-t="3652">the next dominant layer two,</span> <span class="cue" id="t-3656" data-t="3656">to be able to support</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3658">1:00:58</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3658" data-t="3658">Tether, essentially, Tether transactions.</span> <span class="cue" id="t-3662" data-t="3662">When you're looking at the landscape of layer twos that are happening right now, what what are you seeing? What are you thinking?</span> <span class="cue" id="t-3668" data-t="3668">Is paper Bitcoin the</span> <span class="cue" id="t-3670" data-t="3670">primary scaling solution, or</span> <span class="cue" id="t-3673" data-t="3673">do these other things have any sort of future</span> <span class="cue" id="t-3678" data-t="3678">beyond just sucking up all the VC money that they're raising?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3682">1:01:22</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3682" data-t="3682">Well, as we all know, drive chains are the greatest invention</span> <span class="cue" id="t-3686" data-t="3686">known to man.</span> <span class="cue" id="t-3688" data-t="3688">So hopefully, we get a drive chain future.</span> <span class="cue" id="t-3691" data-t="3691">But right now, every every layer two,</span> <span class="cue" id="t-3694" data-t="3694">their whole thing is to use the LAN network to swap in and out of. This is lit like, ARCA using the liner network.</span> <span class="cue" id="t-3701" data-t="3701">Spark are using it.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3703">1:01:43</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3703" data-t="3703">Liquid are using it. Everyone is using the light lightning network. So, you know, the depth of lightning has, you know, been exaggerated. Lightning is gonna, you know, rule these, like, layer layer two swaps.</span> <span class="cue" id="t-3714" data-t="3714">Everything's gonna use lightning,</span> <span class="cue" id="t-3717" data-t="3717">apart from you know, it's just the customer is not gonna use lightning.</span> <span class="cue" id="t-3720" data-t="3720">They're gonna use, yeah, these, like,</span> <span class="cue" id="t-3725" data-t="3725">servers,</span> <span class="cue" id="t-3726" data-t="3726">you know,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3727">1:02:07</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3727" data-t="3727">to</span> <span class="cue" id="t-3728" data-t="3728">coordinate</span> <span class="cue" id="t-3729" data-t="3729">all these via,</span> <span class="cue" id="t-3731" data-t="3731">layer two shenanigans.</span> <span class="cue" id="t-3733" data-t="3733">But, yeah, the lining is still is is gonna be around for for a long time, I think.</span> <span class="cue" id="t-3741" data-t="3741">But, yeah, but still, you know, these things are happening. Spark is happening. Arc is happening. Arc is amazing,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3747">1:02:27</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3747" data-t="3747">but it doesn't matter. Like, still everyone, you know, no one cares about this.</span> <span class="cue" id="t-3752" data-t="3752">They're all using, as you said, you know, they're on the paper Bitcoin hype.</span> <span class="cue" id="t-3757" data-t="3757">They're they just have their Bitcoin and Coinbase. They have their Bitcoin, you know, in ETFs. They're just they're just doing that. Like, the majority of Bitcoiners have no idea or what ARC is or what Spark is. They don't know what Nazis. They don't know what the filter war is. They're just doing, you know, they're just using</span> <span class="cue" id="t-3774" data-t="3774">they're just using Bitcoin as as, like, a</span> <span class="cue" id="t-3777" data-t="3777">investment. Right? So</span> <span class="cue" id="t-3779" data-t="3779">it's kinda sad. You want you want them to kinda move away from that, but it's just so</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3784">1:03:04</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3784" data-t="3784">you know, these solutions, they're they're cool for Bitcoiners. Like, I I use ARC. It's really cool.</span> <span class="cue" id="t-3790" data-t="3790">But no one it's just people don't know about them yet. And they don't wanna like, you don't they don't wanna be exposed to, like, self custody</span> <span class="cue" id="t-3797" data-t="3797">because this is why why would you ever wanna</span> <span class="cue" id="t-3800" data-t="3800">it just like, the state of it right now is just so</span> <span class="cue" id="t-3804" data-t="3804">like, you have to write down these words. It's like people say, oh, it's easy. You just have to write down 12 words, but it's not I don't think it is as easy as people say.</span> <span class="cue" id="t-3813" data-t="3813">And, obviously, it's not because people aren't doing it. They just have their Bitcoin</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3817">1:03:37</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3817" data-t="3817">in exchanges</span> <span class="cue" id="t-3818" data-t="3818">and custodials and the f t ETFs.</span> <span class="cue" id="t-3822" data-t="3822">So, yeah,</span> <span class="cue" id="t-3823" data-t="3823">I think we're I think we're losing right now.</span> <span class="cue" id="t-3827" data-t="3827">I don't know exactly how how to fix it. We need some more. You know? Maybe we need more DJing on Bitcoin. We need to get people to because these other chains, they're all using them like Solana.</span> <span class="cue" id="t-3838" data-t="3838">They there's there's, like, normal normal people</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3842">1:04:02</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3842" data-t="3842">using, like, Robinhood and all this stuff to trade. They're trading, like, stocks on these layer twos. They're trading all this stuff on, like, Ethereum and Solana,</span> <span class="cue" id="t-3849" data-t="3849">but no one's using Bitcoin for that.</span> <span class="cue" id="t-3852" data-t="3852">So yeah.</span> <span class="cue" id="t-3854" data-t="3854">I don't know. Maybe that's, like, Bitcoin season three. We're gonna see more of that, but we'll we'll see. We'll see. We need Nick Fuentes shilling racist meme coins on Bitcoin.</span> <span class="cue" id="t-3864" data-t="3864">Exactly.</span> <span class="cue" id="t-3866" data-t="3866">Yes.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3868">1:04:28</a><span class="cue-body"><b class="cue-who">Stu TXO</b> <span class="cue" id="t-3868" data-t="3868">Yeah.</span> <span class="cue" id="t-3869" data-t="3869">That would fix everything.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3872">1:04:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3872" data-t="3872">I'm not asking. Yeah.</span> <span class="cue" id="t-3875" data-t="3875">I</span> <span class="cue" id="t-3876" data-t="3876">my</span> <span class="cue" id="t-3877" data-t="3877">only it's not that I don't</span> <span class="cue" id="t-3880" data-t="3880">that I'm against</span> <span class="cue" id="t-3881" data-t="3881">some of the</span></span></p> +