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Transcript: Shake Your Adversary’s Hand With Portland Hodl | BTP Episode 22
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diff --git a/wiki/transcripts/shake-your-adversarys-hand-with-portland-hodl-btp-episode-22.md b/wiki/transcripts/shake-your-adversarys-hand-with-portland-hodl-btp-episode-22.md new file mode 100644 index 00000000..cfa1b41a @@ -0,0 +1,561 @@ +--- +title: "Transcript: Shake Your Adversary’s Hand With Portland Hodl | BTP Episode 22" +type: transcript +episode: shake-your-adversarys-hand-with-portland-hodl-btp-episode-22 +generated: true +date: 2025-08-28 +audio: "https://feeds.fountain.fm/R8scBF2Wiykm0YVldsHQ/items/1rgdFbTcVVdwYnsYKHLV/files/AUDIO---DEFAULT---83a8214f-9fdb-48c5-b329-cf26ce072f3f.mp3" +duration: "1:26:56" +sources: + - raw/episodes/shake-your-adversarys-hand-with-portland-hodl-btp-episode-22/bundle.json +--- + +<p class="cue-p"><a class="cue-t" href="#t-4">0:04</a><span class="cue-body"><b class="cue-who">AI Rob Hamilton</b> <span class="cue" id="t-4" data-t="4">This is AI Rob Hamilton, CEO and cofounder of Anchor Watch.</span> <span class="cue" id="t-7" data-t="7">Haters have been trying to cancel me for laughing at the plight of plebs. Some have even started calling me the giggler.</span> <span class="cue" id="t-13" data-t="13">But nothing makes me laugh harder than people trying to have Anchor Watch ads banned from Bitcoin podcasts.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-20">0:20</a><span class="cue-body"><b class="cue-who">Shinobi</b> <span class="cue" id="t-20" data-t="20">Yo. This is Shinobi here to tell you that if you think you can cancel Anchor Watch, you're a certified</span> <span class="cue" id="t-27" data-t="27">retard.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-28">0:28</a><span class="cue-body"><b class="cue-who">AI Rob Hamilton</b> <span class="cue" id="t-28" data-t="28">Certified indeed.</span> <span class="cue" id="t-30" data-t="30">You see, Anchor Watch sets the standard when it comes to compliant insured Bitcoin custody. We have no competitors because nobody can do what we do, which means you can't cancel us. Sorry. Not sorry.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-41">0:41</a><span class="cue-body"><b class="cue-who">Shinobi</b> <span class="cue" id="t-41" data-t="41">If you keep trying, Anchor Watch will start sponsoring all your favorite podcasts with ads featuring yours truly.</span> <span class="cue" id="t-49" data-t="49">So think before you re unless you wanna hear my voice calling you a retard 40 times per week.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-55">0:55</a><span class="cue-body"><b class="cue-who">AI Rob Hamilton</b> <span class="cue" id="t-55" data-t="55">Anchor Watch is the most thermodynamically</span> <span class="cue" id="t-57" data-t="57">sound insured custody in the game.</span> <span class="cue" id="t-59" data-t="59">Cry all you want, but at the end of the day go</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-64">1:04</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-64" data-t="64">win nowhere.</span> <span class="cue" id="t-66" data-t="66">He ain't</span> <span class="cue" id="t-67" data-t="67">go nowhere.</span> <span class="cue" id="t-68" data-t="68">We can't get a stop now.</span> <span class="cue" id="t-90" data-t="90">We have a list of basically nots notes that advertise them nots, and then they the users of Comcast have data caps at their house, typically. And these are these are residential ASNs. They're not like the Comcast business blocks. And so,</span> <span class="cue" id="t-104" data-t="104">yeah, like, I was</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-106">1:46</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-106" data-t="106">okay. I I am, like, basically peering with them and asking for an IDD for a fresh node.</span> <span class="cue" id="t-112" data-t="112">Maybe I have, like, 96 of these nodes running right now because I want to to get IDDs from all these these clients. Sometimes, the IDD at least not nodes.</span> <span class="cue" id="t-122" data-t="122">No. They're core nodes.</span> <span class="cue" id="t-124" data-t="124">They're they're actually master branch.</span> <span class="cue" id="t-126" data-t="126">But continuing on,</span> <span class="cue" id="t-128" data-t="128">yeah. Essentially, just, like, asking again and again and again, allegedly.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-132">2:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-132" data-t="132">He is one of the most sophisticated</span> <span class="cue" id="t-134" data-t="134">attackers</span> <span class="cue" id="t-136" data-t="136">of Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-137">2:17</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-137" data-t="137">How how many of them do you think know that the max upload target,</span> <span class="cue" id="t-142" data-t="142">comp option exists? It's not an option if you're on Umbral or start nine. The Apex Predator</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-148">2:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-148" data-t="148">of adversarial</span> <span class="cue" id="t-149" data-t="149">transactions.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-152">2:32</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-152" data-t="152">You see wait. You can't modify you can't modify your comp file? You you you you could. I I'm just saying after the box when you click your GUI options, it's not there. But, yeah, so I I've successfully tried to be from, like, several Comcast nodes at this point.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-165">2:45</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-165" data-t="165">If you cross paths with him on chain,</span> <span class="cue" id="t-168" data-t="168">know you are not his peer,</span> <span class="cue" id="t-171" data-t="171">striking fear in Comcast</span> <span class="cue" id="t-173" data-t="173">node runners</span> <span class="cue" id="t-174" data-t="174">all over the world.</span> <span class="cue" id="t-176" data-t="176">His name is Portland HODL.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-179">2:59</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-179" data-t="179">He has agreed to sit down for an interview on the world's most thermodynamically</span> <span class="cue" id="t-184" data-t="184">sound Bitcoin podcast</span> <span class="cue" id="t-187" data-t="187">to tell his story.</span> <span class="cue" id="t-188" data-t="188">So sit back,</span> <span class="cue" id="t-190" data-t="190">relax if you can,</span> <span class="cue" id="t-192" data-t="192">and listen</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-193">3:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-193" data-t="193">as the ghost of the Merkle Tree shares his perspective</span> <span class="cue" id="t-197" data-t="197">with Richard Grieser</span> <span class="cue" id="t-198" data-t="198">and Rod Palmer</span> <span class="cue" id="t-200" data-t="200">on this special edition</span> <span class="cue" id="t-202" data-t="202">of Behind the Bitcoin podcast.</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">Rod Palmer</b> <span class="cue" id="t-206" data-t="206">Most people who get orange filled follow the same ritual.</span> <span class="cue" id="t-210" data-t="210">They set up a node,</span> <span class="cue" id="t-211" data-t="211">argue about hardware wallets on Twitter, and dedicate their lives to the cause of decentralizing</span> <span class="cue" id="t-217" data-t="217">and protecting Bitcoin,</span> <span class="cue" id="t-219" data-t="219">usually from feds.</span> <span class="cue" id="t-221" data-t="221">But one man took a different path.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-223">3:43</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-223" data-t="223">He didn't just get orange pilled. He mainlined the entire mempool.</span> <span class="cue" id="t-227" data-t="227">He made adversarial</span> <span class="cue" id="t-229" data-t="229">transacting his MO.</span> <span class="cue" id="t-231" data-t="231">While the rest of us obsess over cold storage setups,</span> <span class="cue" id="t-235" data-t="235">he obsesses over finding cracks in the code because nothing</span> <span class="cue" id="t-238" data-t="238">says love like constant psychological warfare with your favorite protocol.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-243">4:03</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-243" data-t="243">While we stack stats, he stacks exploits.</span> <span class="cue" id="t-247" data-t="247">While we argue on Twitter about whether BRC twenties are spam, he stress testing incentives until they beg for mercy.</span> <span class="cue" id="t-254" data-t="254">While we cosplay cypherpunk revolution,</span> <span class="cue" id="t-257" data-t="257">he's actually poking Bitcoin's weak points not to destroy it, but to make it indestructible.</span> <span class="cue" id="t-262" data-t="262">He is, in a sense, the only Bitcoiner brave enough to attack Bitcoin every day so the rest of us don't have to.</span> <span class="cue" id="t-269" data-t="269">Today, on behind the bitcoin podcast, we'd be go we go behind the game theory, behind the culture, behind the paranoia</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-276">4:36</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-276" data-t="276">with the notched pet himself,</span> <span class="cue" id="t-278" data-t="278">Portland HODL. Buckle up, listeners.</span> <span class="cue" id="t-281" data-t="281">We're talking to an adversarial peer.</span> <span class="cue" id="t-284" data-t="284">Welcome, Portland Hoddle. I have one question for you to open this. Would you call yourself</span> <span class="cue" id="t-289" data-t="289">a hero</span> <span class="cue" id="t-290" data-t="290">or a villain of Bitcoin? I would say</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-293">4:53</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-293" data-t="293">I'm the hero</span> <span class="cue" id="t-295" data-t="295">of Bitcoin</span> <span class="cue" id="t-296" data-t="296">that Bitcoin</span> <span class="cue" id="t-298" data-t="298">needs.</span> <span class="cue" id="t-299" data-t="299">Some people may not like it, but I think we all need Bitcoin to be stress tested.</span> <span class="cue" id="t-305" data-t="305">We need it to be poked. We need to find this thing, make the honey badger the strongest</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-310">5:10</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-310" data-t="310">species on Earth</span> <span class="cue" id="t-312" data-t="312">that everybody can use without worry of an attacker taking advantage of this permissionless system.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-319">5:19</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-319" data-t="319">So</span> <span class="cue" id="t-321" data-t="321">there's been a lot of confusion recently,</span> <span class="cue" id="t-324" data-t="324">on how consensus is reached on anything pertaining to Bitcoin development. You've got people like Dennis Porter who think that Bitcoin is government and it should be more democratically decided by</span> <span class="cue" id="t-336" data-t="336">the users. You've got</span> <span class="cue" id="t-338" data-t="338">other people that see</span> <span class="cue" id="t-341" data-t="341">Bitcoin Core as kind of like a benevolent</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-343">5:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-343" data-t="343">dictatorship.</span> <span class="cue" id="t-347" data-t="347">How how should the community</span> <span class="cue" id="t-349" data-t="349">determine if we need a hero or not?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-354">5:54</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-354" data-t="354">The reality is that the community shouldn't have heroes.</span> <span class="cue" id="t-358" data-t="358">Bitcoin is basically like a meritocracy.</span> <span class="cue" id="t-360" data-t="360">Don't trust and verify. And what I mean by that is, like, in Bitcoin, you need to be your own hero, and you need to do your own research on absolutely everything.</span> <span class="cue" id="t-369" data-t="369">And that is because of the fact that every hero story also, at the same time, probably has a villain arc somewhere inside of it. And everybody that, like, you look up to</span> <span class="cue" id="t-380" data-t="380">usually ends up probably at the end of the day at some point, like, quote unquote, like hanging themselves. Very few people in Bitcoin survive</span> <span class="cue" id="t-387" data-t="387">at all the levels of purity tests from every side. And we saw this with core developers recently. These people were quote unquote heroes of Bitcoin</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-396">6:36</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-396" data-t="396">that we we we loved what they did. We're we were thankful for the work all the time, finding the exploits, patching them, making this thing basically bulletproof for everybody to use. And now</span> <span class="cue" id="t-407" data-t="407">you turn the the the table about a year and a half, two years later from the the kind of start of some of these this questioning on specifically x.</span> <span class="cue" id="t-415" data-t="415">And now they're villainized by a large portion of specifically, like, the Twitter audience. And what I want to point out about Twitter specifically,</span> <span class="cue" id="t-425" data-t="425">that is the most divisive</span> <span class="cue" id="t-428" data-t="428">microcosm</span> <span class="cue" id="t-429" data-t="429">of Bitcoin. So it is a part of Bitcoin. You have economic actors, influencers,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-433">7:13</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-433" data-t="433">devs, like, everybody. Like, it is the platform to go to to talk about Bitcoin.</span> <span class="cue" id="t-438" data-t="438">But at the end of the day, there are many other platforms. YouTube,</span> <span class="cue" id="t-443" data-t="443">internal chats, even at companies, all have some economic influence.</span> <span class="cue" id="t-447" data-t="447">But, yeah, nobody in Bitcoin should have a hero. Everybody should be their own.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-452">7:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-452" data-t="452">I what about I mean, at the end of the day,</span> <span class="cue" id="t-456" data-t="456">if you think about Luke,</span> <span class="cue" id="t-459" data-t="459">he saved Bitcoin multiple. I I was reading the other day. It's like 2,013.</span> <span class="cue" id="t-464" data-t="464">There were 2,017.</span> <span class="cue" id="t-466" data-t="466">Luke saved Bitcoin. And</span> <span class="cue" id="t-468" data-t="468">at some point, don't you earn the right to be a hero if you saved Bitcoin multiple times? Like, what's the incentive to save Bitcoin if you won't be a hero forever? If you don't get your your jersey retired and hanged at the Bitcoin conference in the rafters, like, why should I want to be a hero</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-487">8:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-487" data-t="487">and save Bitcoin?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-489">8:09</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-489" data-t="489">It protects, like, your your your own incentives. You want the the perfect money. You want number to go up very likely. And as such, saving Bitcoin, like, if you actually save it like Luke did, well, you just preserved your own incentives.</span> <span class="cue" id="t-503" data-t="503">And, like, what that also leads into</span> <span class="cue" id="t-507" data-t="507">is I believe you can be a hero in Bitcoin,</span> <span class="cue" id="t-510" data-t="510">but nobody should be ever judged based on their past</span> <span class="cue" id="t-514" data-t="514">at all. Like you can go like, hey, you have some merit, I believe what you've done, you've demonstrated technical capability,</span> <span class="cue" id="t-520" data-t="520">but an individual can turn on a dime, right? Like good actors can become bad, bad actors can become good, the definitions of these things themselves are not actually set into stone, and as such, yeah, you need to evaluate every individual on literally a now basis. Is this guy a good actor today? An example like, has somebody been paid off by a government agency to become a Chainalysis firm? I don't necessarily know of somebody that's done that, but at the same time that would represent maybe somebody who was good in the past who is now bad. Somebody who's bad maybe leaves and says, hey, I realized I was a shitcoiner and I came back to Bitcoin. That person can now be good.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-557">9:17</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-557" data-t="557">But, yeah, it depends on where they are at the moment to be</span> <span class="cue" id="t-561" data-t="561">how somebody should look at them. They shouldn't they should not look at the past, really.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-565">9:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-565" data-t="565">We talk about this a lot on the on the show, this this issue with resting on your credentials</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-571">9:31</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-571" data-t="571">being present. Appeal to authority. Right? Isn't that, like, an entire type of fallacy an individual can commit?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-579">9:39</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-579" data-t="579">Yeah. It's hard because</span> <span class="cue" id="t-583" data-t="583">So one of my questions for you is,</span> <span class="cue" id="t-586" data-t="586">is it dangerous</span> <span class="cue" id="t-588" data-t="588">to refer</span> <span class="cue" id="t-589" data-t="589">to or to suggest that Bitcoin is fallible</span> <span class="cue" id="t-592" data-t="592">in some way or another?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-594">9:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-594" data-t="594">Because</span> <span class="cue" id="t-595" data-t="595">so many people see</span> <span class="cue" id="t-597" data-t="597">this currency as a savior.</span> <span class="cue" id="t-599" data-t="599">You know what I mean? Like, we look at</span> <span class="cue" id="t-603" data-t="603">the world around us, it's ran by</span> <span class="cue" id="t-607" data-t="607">gay retards,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-608">10:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-608" data-t="608">essentially.</span> <span class="cue" id="t-609" data-t="609">And they're collapsing</span> <span class="cue" id="t-611" data-t="611">everything. Fiat money is collapsing everything. They're inflating it</span> <span class="cue" id="t-617" data-t="617">to infinity.</span> <span class="cue" id="t-620" data-t="620">Society's crumbling, people need a sense of certainty, they need a sense of</span> <span class="cue" id="t-625" data-t="625">hope.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-626">10:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-626" data-t="626">Bitcoin comes along and then Portland HODL is suggesting that it's not perfect and infallible.</span> <span class="cue" id="t-633" data-t="633">Is that</span> <span class="cue" id="t-634" data-t="634">a dangerous</span> <span class="cue" id="t-636" data-t="636">thing to present</span> <span class="cue" id="t-637" data-t="637">into</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-640">10:40</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-640" data-t="640">I You I would I would like to respond.</span> <span class="cue" id="t-644" data-t="644">I've actually, I think, demonstrated the opposite. And what I mean</span> <span class="cue" id="t-648" data-t="648">by that is though I have,</span> <span class="cue" id="t-650" data-t="650">attempted</span> <span class="cue" id="t-651" data-t="651">to poke, prod, and find weaknesses in Bitcoin,</span> <span class="cue" id="t-654" data-t="654">there have not been any. There's been I have not been able to stop a block. I have not been able to break a signature. I have not been able to take funds from an individual.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-662">11:02</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-662" data-t="662">Like, that is the beauty of this, like, journey is, like, every single thing I have discovered or found</span> <span class="cue" id="t-669" data-t="669">has been a minor inconvenience</span> <span class="cue" id="t-672" data-t="672">to somebody in terms of, like, mempool policy or your max target upload for the amount of data you can send per day,</span> <span class="cue" id="t-679" data-t="679">but nothing has actually broken Bitcoin. And so from a technical perspective, Bitcoin is probably one of the most infallible pieces of software we have is humanity.</span> <span class="cue" id="t-689" data-t="689">Released once and it's literally just continuing to work every single day.</span> <span class="cue" id="t-693" data-t="693">The</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-694">11:34</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-694" data-t="694">node Satoshi had on his laptop, I built and ran that version of Bitcoin. Today,</span> <span class="cue" id="t-700" data-t="700">connected it up without any code modifications,</span> <span class="cue" id="t-703" data-t="703">you will sync to the exact same chain tip. One release of a piece of software and it just works. Unbelievable.</span> <span class="cue" id="t-709" data-t="709">I do believe Bitcoin is close to infallible as software.</span> <span class="cue" id="t-713" data-t="713">The social aspects of Bitcoin</span> <span class="cue" id="t-716" data-t="716">are a very different issue. I think people are fallible. People can use bitcoin in insanely fallible ways.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-722">12:02</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-722" data-t="722">The incentives ultimately align to make bad actors go broke. And then the final component of what is the fallible aspect of bitcoin?</span> <span class="cue" id="t-730" data-t="730">Like where is the potential boogeyman in the room?</span> <span class="cue" id="t-734" data-t="734">I would say that it's mining pools and Bitmain.</span> <span class="cue" id="t-737" data-t="737">Those are the only two things. I think literally the incentives also solve this problem as well because even if they get centralized so much and a bad thing happens, number goes down, less profitable, more companies spring in</span> <span class="cue" id="t-749" data-t="749">to basically pick up the pieces,</span> <span class="cue" id="t-752" data-t="752">it all works out long term. That's my belief and that's why I think it's okay to test and improve Bitcoin every single day.</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">Portland HODL</b> <span class="cue" id="t-758" data-t="758">So, trust. Bitcoin Taiwan. I don't think anybody should say Bitcoin is dead, quote unquote. Bitcoin's not dead. I do not think Bitcoin is dying. I think Bitcoin is stronger than ever.</span> <span class="cue" id="t-767" data-t="767">With that said,</span> <span class="cue" id="t-769" data-t="769">yeah, there are, like, little points you could point out that aren't perfect.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-773">12:53</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-773" data-t="773">I wanna I wanna push back a little bit because</span> <span class="cue" id="t-776" data-t="776">you say, hey,</span> <span class="cue" id="t-778" data-t="778">nobody's questioning</span> <span class="cue" id="t-779" data-t="779">your technical chops or your,</span> <span class="cue" id="t-782" data-t="782">your your expertise here.</span> <span class="cue" id="t-785" data-t="785">But even though you were not able to find a way</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-789">13:09</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-789" data-t="789">to harm Bitcoin and to break Bitcoin,</span> <span class="cue" id="t-791" data-t="791">Udi and, like, some of the ordinal and KC ordinals Yeah. Were able to find it, and they were able to find a way to break Bitcoin using spam.</span> <span class="cue" id="t-800" data-t="800">So</span> <span class="cue" id="t-801" data-t="801">how do you how do you address that if</span> <span class="cue" id="t-805" data-t="805">how do you if spam breaks Bitcoin?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-808">13:28</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-808" data-t="808">So the the argument that Bitcoin has been broken specifically by Oodie because of spam,</span> <span class="cue" id="t-816" data-t="816">I rest on the definition of breaking Bitcoin being you are able to stop the Bitcoin network from operating,</span> <span class="cue" id="t-823" data-t="823">not by controlling</span> <span class="cue" id="t-825" data-t="825">who is buying block space or what is the contents of block space. It's if you can actually get the network to stop producing blocks or break a block to the point where it's not valid anymore, like you actually crash the software out. So with that said, though Ooty</span> <span class="cue" id="t-841" data-t="841">created an environment by using spam, ordinals, and inscriptions, if you define it that way,</span> <span class="cue" id="t-847" data-t="847">he only created a fee market</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-850">14:10</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-850" data-t="850">that because Bitcoin's a free market and miners are rational profit seeking actors, took these quote unquote spam transactions,</span> <span class="cue" id="t-858" data-t="858">the other actors on the network were not</span> <span class="cue" id="t-861" data-t="861">wanting to bid as much to buy that block space. So Bitcoin was 100%</span> <span class="cue" id="t-867" data-t="867">never broken by UTI. I think that is a completely false claim. I think it may have been used as part of, like, an outrage marketing campaign</span> <span class="cue" id="t-874" data-t="874">to probably</span> <span class="cue" id="t-875" data-t="875">try to get people interested in his collections of JPEGs.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-879">14:39</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-879" data-t="879">So no, Bitcoin, to my definition, was never broken</span> <span class="cue" id="t-883" data-t="883">by ordinals or inscriptions. Everything functioned perfectly. And if we could just zoom</span> <span class="cue" id="t-887" data-t="887">all the way out, the beautiful part, how are ordinals doing today? Do we, like, how are these ordinals and ruins, etcetera? They're not gone.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-896">14:56</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-896" data-t="896">And I and I would I would I would say that</span> <span class="cue" id="t-899" data-t="899">some of these people, the loudest critics of booty and ordinals,</span> <span class="cue" id="t-904" data-t="904">would say,</span> <span class="cue" id="t-905" data-t="905">but</span> <span class="cue" id="t-906" data-t="906">I think Bitcoin is broken if it is gay. And if these fee markets for ordinals make Bitcoin gay, then it is it might as well be broken because I don't wanna use gay money.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-918">15:18</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-918" data-t="918">Yeah.</span> <span class="cue" id="t-920" data-t="920">I, as a developer, have a tough time determining, like, how to define</span> <span class="cue" id="t-925" data-t="925">what what kind of spam makes Bitcoin?</span> <span class="cue" id="t-929" data-t="929">Like, how did how does the spam make Bitcoin gay? It I I don't have a technical definition for you. I would just go off of what the Supreme Court has said in the past. I know it when I see it. Yeah. Okay. Fair enough. Describe it to you, but I know it when I see it. Yeah. So but it's, like, all of a sudden your your view of Bitcoin is changing into, like, a more gay view, and that's up to you whether or not you like it. But it seems like it's, like, more of a a negative thing that's become gay because of these spam transactions.</span> <span class="cue" id="t-956" data-t="956">The fact is, though,</span> <span class="cue" id="t-957" data-t="957">it kind of</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-959">15:59</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-959" data-t="959">like, the actual effect of it is mitigated by the fact the attacker or quote unquote the person making these things</span> <span class="cue" id="t-965" data-t="965">runs out of money, and that's what's happening right now.</span> <span class="cue" id="t-968" data-t="968">The spam transactions,</span> <span class="cue" id="t-970" data-t="970">they're still there, yes, because people are putting this content on chain, but with that said, you you could easily outbid it today. So if you wanna transfer a transaction, you could do point five sats per vBuy below any previous</span> <span class="cue" id="t-983" data-t="983">possible threshold before July. You could never do a fee this low until this year on Bitcoin. So with that said, if you want it to be a little less</span> <span class="cue" id="t-993" data-t="993">gay, as you say,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-994">16:34</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-994" data-t="994">you got to pay up. You got to pay for that block space and turn it around.</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">Rod Palmer</b> <span class="cue" id="t-999" data-t="999">That's the thing with Bitcoin. It's permissionless. You can do make Bitcoin what you want Bitcoin to be. What your money? Yeah. Put your money where your mouth is. Yeah. Put your money where your mouth is. Yeah. And date up those blocks.</span> <span class="cue" id="t-1012" data-t="1012">Richard, did you have a question?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1015">16:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1015" data-t="1015">I I wanted to let you go on this train of thought because I've got</span> <span class="cue" id="t-1018" data-t="1018">a a segment on a different topic.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1022">17:02</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1022" data-t="1022">So it's but what about</span> <span class="cue" id="t-1025" data-t="1025">the</span> <span class="cue" id="t-1026" data-t="1026">the fact that this spam,</span> <span class="cue" id="t-1028" data-t="1028">it builds up, and it makes it harder for people in the global South</span> <span class="cue" id="t-1033" data-t="1033">to run to be a node runner. I mean, think about when I was when I was 13 years old, I I got Napster. I waited four days to download</span> <span class="cue" id="t-1043" data-t="1043">The Middle by Jimmy Eat World,</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">Rod Palmer</b> <span class="cue" id="t-1046" data-t="1046">on a 28 tanker flank connection.</span> <span class="cue" id="t-1049" data-t="1049">TikTok zoomers, broccoli haircut kids, like, they don't have the patience to wait a week to download a node if they need to be sovereign</span> <span class="cue" id="t-1057" data-t="1057">and have permissionless</span> <span class="cue" id="t-1058" data-t="1058">access, you know,</span> <span class="cue" id="t-1060" data-t="1060">res sensor system resistant money,</span> <span class="cue" id="t-1062" data-t="1062">call this they don't have time to wait a couple days to download a node. How do we solve that if these spammers are make are filling it with a gay history? They don't wanna download a gay history on the blockchain.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1076">17:56</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1076" data-t="1076">That's that's</span> <span class="cue" id="t-1077" data-t="1077">first of all, let's address two things here. First of all, the type of content on the blockchain.</span> <span class="cue" id="t-1083" data-t="1083">So that you cannot control. It's a permissionless system. If you absolutely cannot have that specific type of content, you can do one thing basically.</span> <span class="cue" id="t-1092" data-t="1092">You can run a pruned Bitcoin node, AKA you download the blocks and even whatever content they have in them, you'll throw away after you're done. So you can you can kind of you can put this on your system for a little bit. It's in RAM, but it goes away.</span> <span class="cue" id="t-1106" data-t="1106">The second thing is,</span> <span class="cue" id="t-1108" data-t="1108">okay,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1109">18:29</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1109" data-t="1109">let's talk about the reality. Has spam</span> <span class="cue" id="t-1112" data-t="1112">actually</span> <span class="cue" id="t-1113" data-t="1113">made node running</span> <span class="cue" id="t-1114" data-t="1114">worse? The answer is, to a slight degree,</span> <span class="cue" id="t-1118" data-t="1118">yes,</span> <span class="cue" id="t-1119" data-t="1119">because of the fact that the average block size, the amount of data being added each time a new block is mined, did increase for a period of about like a year and a half.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1129">18:49</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1129" data-t="1129">Thanks to the balance of Bitcoin, which is four megabytes per block, you can't go past that. Like, that's the hard limit. Bitcoin, if you are running a Bitcoin node, you have to think adversarially.</span> <span class="cue" id="t-1141" data-t="1141">You need to run a node expecting the worst case scenario. Somebody could do four megabyte, four megabyte, four megabyte, four megabyte.</span> <span class="cue" id="t-1147" data-t="1147">But</span> <span class="cue" id="t-1149" data-t="1149">overall, the actual time chain itself</span> <span class="cue" id="t-1151" data-t="1151">is growing at a rate which is barely noticeable</span> <span class="cue" id="t-1155" data-t="1155">compared to different noticeably barely noticeably different compared to the past. That's my statement on that. It's like there's nobody has provably shown that the spam has made Bitcoin node runners</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1167">19:27</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1167" data-t="1167">any worse off materially.</span> <span class="cue" id="t-1170" data-t="1170">So that's what I'd say.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1171">19:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1171" data-t="1171">To clarify,</span> <span class="cue" id="t-1173" data-t="1173">thinking adversarial</span> <span class="cue" id="t-1175" data-t="1175">when you're running a node, is that just for a economic node or is that for a virtuous voting node</span> <span class="cue" id="t-1182" data-t="1182">too? Or is it all new? Oh,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1184">19:44</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1184" data-t="1184">okay. So</span> <span class="cue" id="t-1186" data-t="1186">an economic node is a virtuous voting node. There's no difference. Like, economic influence is one of the pillars of, like, influence in Bitcoin where you have, quote, unquote,</span> <span class="cue" id="t-1196" data-t="1196">voting rights if you could think about it in any concept.</span> <span class="cue" id="t-1200" data-t="1200">And, yeah, at the end of the day, you need to think adversarially</span> <span class="cue" id="t-1204" data-t="1204">when you have any amount of money invested in running a Bitcoin node or if you could potentially have any expenses related to running a Bitcoin node. Example, AWS,</span> <span class="cue" id="t-1214" data-t="1214">right? Like if you have a monthly bill, you should have some like investment into making sure this thing doesn't like uncap loss you to the end of time. Also, like if you're storing your money in a hardware wallet, you want to make sure your node is absolutely at the correct chain tip. As such, think adversarially, how could somebody distribute a bad binary? Why not just build it from source? Is your copy of Umbrel like legit? Like just very basic checks can prevent a lot of pain and hardship and it becomes much more important,</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">Portland HODL</b> <span class="cue" id="t-1242" data-t="1242">like, not just node running, but wallets specifically, like anybody out there, like, just always</span> <span class="cue" id="t-1247" data-t="1247">if you're using a software wallet, do not trust</span> <span class="cue" id="t-1250" data-t="1250">that wallet on a desktop computer. Always look at the outputs on your hardware wallet to make sure the addresses are correct. But in terms of the Bitcoin node,</span> <span class="cue" id="t-1260" data-t="1260">like, how do you have,</span> <span class="cue" id="t-1261" data-t="1261">you mentioned the term like voting</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1264">21:04</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1264" data-t="1264">and virtues.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1265">21:05</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1265" data-t="1265">Bitcoin nodes in of themselves</span> <span class="cue" id="t-1268" data-t="1268">have no</span> <span class="cue" id="t-1270" data-t="1270">influence,</span> <span class="cue" data-t="1270">no voting rights per se. Running a node does not give you the right to vote for anything.</span> <span class="cue" id="t-1277" data-t="1277">The reason why is, let me take the scenario</span> <span class="cue" id="t-1279" data-t="1279">of I run an AWS account</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1283">21:23</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1283" data-t="1283">and I have a lot of, I have a lot of capital.</span> <span class="cue" id="t-1286" data-t="1286">Let's say like $10,000</span> <span class="cue" id="t-1288" data-t="1288">I could spool up probably</span> <span class="cue" id="t-1290" data-t="1290">2,000, 3,000 Bitcoin nodes</span> <span class="cue" id="t-1292" data-t="1292">and put them on the network.</span> <span class="cue" id="t-1295" data-t="1295">We have 20, let's say we have 20,000 nodes.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1299">21:39</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1299" data-t="1299">Does that give me roughly one sixth</span> <span class="cue" id="t-1301" data-t="1301">of the voting rights on the Bitcoin network? Do I suddenly just get each of my node raises its little node hand and goes,</span> <span class="cue" id="t-1309" data-t="1309">I like this software, OPCTV.</span> <span class="cue" id="t-1311" data-t="1311">No, that's absolutely not the case. Bitcoin is rough consensus.</span> <span class="cue" id="t-1315" data-t="1315">As such, your node,</span> <span class="cue" id="t-1318" data-t="1318">its ability to have influence on the network</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1321">22:01</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1321" data-t="1321">depends on the scaling factor of your economic influencer hash rate. What I mean by that? You can either one,</span> <span class="cue" id="t-1327" data-t="1327">mine with that Bitcoin node with your hash rate, and then you get to influence the contents of what is being written to the Bitcoin time chain. That is amazing.</span> <span class="cue" id="t-1336" data-t="1336">That's where a lot of the policy disagreements actually come from, is the fact these miners have so much influence</span> <span class="cue" id="t-1342" data-t="1342">relative</span> <span class="cue" id="t-1343" data-t="1343">to</span> <span class="cue" data-t="1343">the just kind of relay nodes on the network in terms of what gets put in blocks. And that's purely because mining nodes are the only ones that can put anything into</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1352">22:32</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1352" data-t="1352">blocks. Right? And then the other way is economic force.</span> <span class="cue" id="t-1356" data-t="1356">Okay. My example on this one</span> <span class="cue" id="t-1359" data-t="1359">is let's say I, Portland HODL, run</span> <span class="cue" id="t-1363" data-t="1363">a hamburger shop in El Salvador.</span> <span class="cue" id="t-1366" data-t="1366">And so this hamburger shop takes Bitcoin and lightning payments,</span> <span class="cue" id="t-1370" data-t="1370">and I am really opposed to op CTV.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1375">22:55</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1375" data-t="1375">This is a pretty brutal example, but I'm gonna use it anyways.</span> <span class="cue" id="t-1378" data-t="1378">And I go on Twitter, I say, hey, my hamburger shop, we we don't like op CTV. We want our money to stay the same. It's got to be really, really solid, and we don't trust the the proposal after reviewing it. Okay. So</span> <span class="cue" id="t-1391" data-t="1391">great. Everybody's going to go,</span> <span class="cue" id="t-1393" data-t="1393">that's a nothing burger. I don't care that much. It may get a few like retweets, etcetera.</span> <span class="cue" id="t-1398" data-t="1398">But what happens when an economic node that controls billions of dollars worth of Bitcoin</span> <span class="cue" id="t-1404" data-t="1404">wants to make a decision at BlackRock</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1406">23:26</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1406" data-t="1406">or for example at Coinbase and they say we support CTV,</span> <span class="cue" id="t-1410" data-t="1410">then a lot of people get involved</span> <span class="cue" id="t-1412" data-t="1412">because of the fact that their money is tied up with these institutions.</span> <span class="cue" id="t-1416" data-t="1416">In the case of, for example, BlackRock, iBit, it literally says in the prospectus of their ETF,</span> <span class="cue" id="t-1421" data-t="1421">in the event of a fork in Bitcoin,</span> <span class="cue" id="t-1424" data-t="1424">we select the version of Bitcoin</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1427">23:47</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1427" data-t="1427">to be the holdings of the actual fund itself, and we will liquidate</span> <span class="cue" id="t-1432" data-t="1432">the other side of the fork.</span> <span class="cue" id="t-1434" data-t="1434">That node runner right there has tons of influence to decide a complete liquidation event</span> <span class="cue" id="t-1440" data-t="1440">of hundreds of thousands of Bitcoin, as well as, like, the direction of the next fork, because everybody's got their value locked in this thing. So that's kind of my point. It's like just running a node or spooling up a bunch of nodes for the sake of having nodes does not do anything</span> <span class="cue" id="t-1455" data-t="1455">other than make the Bitcoin time chain more available.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1458">24:18</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1458" data-t="1458">Yeah. I</span> <span class="cue" id="t-1460" data-t="1460">I do think, though, that it is also</span> <span class="cue" id="t-1463" data-t="1463">fundamentally</span> <span class="cue" id="t-1464" data-t="1464">it it depends on, like, when you what you're talking about is, like, the actual</span> <span class="cue" id="t-1469" data-t="1469">incentives, how they play out on chain.</span> <span class="cue" id="t-1472" data-t="1472">But there is a little bit of a second layer, whether,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1476">24:36</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1476" data-t="1476">you know, the cultural second layer, you can't have you know, Matthew Carrater recommends,</span> <span class="cue" id="t-1480" data-t="1480">start nine, for example. So a lot of the knots, nose runners have been biased. If you pay $900</span> <span class="cue" id="t-1487" data-t="1487">for a a a start nine node server, had that that is an economic</span> <span class="cue" id="t-1493" data-t="1493">decision. That is a political decision. So there you have to take that into account. Like, start nine is selling so many nodes. There is,</span> <span class="cue" id="t-1501" data-t="1501">it does tell you something about the,</span> <span class="cue" id="t-1505" data-t="1505">seriousness</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1506">25:06</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1506" data-t="1506">of, you know, these these knots people to, make this decision.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1512">25:12</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1512" data-t="1512">Yeah. And to that, I would say that, like, running a node is amazing. And you're also creating, like, economic influence for Start9. And Start9 has some used their influence. For example, they have created now, like, a knots download and even publicly like stayed on their Twitter, like, hey, we kind of like are into this now and we were kind of like really saying like, hey, you have this option, really pushing it. With that said, though, like think about it, like you buy this $900</span> <span class="cue" id="t-1537" data-t="1537">node from start nine. K? Your your Bitcoin journey has began.</span> <span class="cue" id="t-1541" data-t="1541">K? Let let's get you started. We're gonna do a lightning we're gonna run some lightning channels, some LND, etcetera. Cool. Because they can store a lot of spam. Let's put it that way. You can't set a lot of spam. You can handle it.</span> <span class="cue" id="t-1553" data-t="1553">But, yeah, it like, you're not gonna have a problem. Like, if you gotta start nine, I don't think you're gonna have a problem downloading the time chain as long as it's not the Raspberry Pi variant. But regardless</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1562">26:02</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1562" data-t="1562">okay. You got this node,</span> <span class="cue" id="t-1565" data-t="1565">and</span> <span class="cue" id="t-1566" data-t="1566">Bitcoin is like getting serious, like it's soft fork time, what influence do you have</span> <span class="cue" id="t-1571" data-t="1571">as that node runner? Like what what can you do? Like</span> <span class="cue" id="t-1574" data-t="1574">that you you're pinned up against the wall, these devs have told you you're going to drink CTV whether or not you like it,</span> <span class="cue" id="t-1581" data-t="1581">What can you do with your $900 node?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1585">26:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1585" data-t="1585">Well, first of all,</span> <span class="cue" id="t-1587" data-t="1587">you can handle,</span> <span class="cue" id="t-1589" data-t="1589">IVD downloads, so you're a little bit more fortified.</span> <span class="cue" id="t-1592" data-t="1592">But</span> <span class="cue" id="t-1596" data-t="1596">you can, you know, you can refuse to filter their spam or to relay their spam, their transactions. So they can't they can't go through you. That's it. That's the only thing. Yeah. Well, there's there's one other there's the there's the ultimate option as a node</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1610">26:50</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1610" data-t="1610">runner. You can say that, hey, I</span> <span class="cue" id="t-1613" data-t="1613">don't want to accept the block that you've produced as the miner. You the miner pushes</span> <span class="cue" id="t-1618" data-t="1618">down your nodes throughout the CTV block. I'm using CTV as an example because most people know what it is hopefully, but, like,</span> <span class="cue" id="t-1624" data-t="1624">your node, you could say, hey, I'm done, no more, and you could say, I don't want this block.</span> <span class="cue" id="t-1629" data-t="1629">The problem then becomes your node is stalled out, it's not taking any more blocks because you're refusing to build on top of the chain tip. You have no economic influence, you can't cry to anybody saying like, hey, I forked off the network because I didn't want this block in there.</span> <span class="cue" id="t-1643" data-t="1643">That's</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1645">27:25</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1645" data-t="1645">why economic influence matters because if somebody forks Coinbase off, right? Let's say Coinbase forks off because they invalidate,</span> <span class="cue" id="t-1652" data-t="1652">that situation becomes</span> <span class="cue" id="t-1654" data-t="1654">much different</span> <span class="cue" id="t-1655" data-t="1655">because now people have tons of value locked up in this exchange that their chain tip isn't moving forward anymore. Miners probably have some investment in this, and so this interaction is what really is the meat and potatoes, but buying a $900 start nine is an amazing educational tool, and I'm saying this for any node specifically. You can learn how to be a Bitcoiner and a node is the first touch point and one of the very few touch points you can have to actually like feel bitcoin, right? Like you're doing something with this invisible</span> <span class="cue" id="t-1686" data-t="1686">money</span> <span class="cue" id="t-1687" data-t="1687">and that's</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1688">28:08</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1688" data-t="1688">really good. That's actually like if you look at my history as Portland Auto,</span> <span class="cue" id="t-1692" data-t="1692">I got started with run a node, Like literally, that</span> <span class="cue" id="t-1695" data-t="1695">was, I was, hey, running node. I would help people with Bitcoin tech support was my first spaces I ran. I ran every week on Monday, Bitcoin tech support, and I'd help people with their nodes. And so with that, though, I also had, like, my initial fallacy was I literally said the quote, one node, one vote. That was in my, one of my first Twitter spaces because I didn't understand</span> <span class="cue" id="t-1718" data-t="1718">your influence on the Bitcoin network through economics or whatever. You gotta be doing it.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1724">28:44</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1724" data-t="1724">I think that I I don't think that there's anything wrong with saying one node, one vote because,</span> <span class="cue" id="t-1729" data-t="1729">if if if if running a node just gives you a vote, that ultimately doesn't matter. Like, your vote doesn't matter. Voting doesn't matter.</span> <span class="cue" id="t-1737" data-t="1737">It's about how much how much money you control.</span> <span class="cue" id="t-1740" data-t="1740">So, yeah, one node is one vote, but one vote doesn't equal,</span> <span class="cue" id="t-1744" data-t="1744">you know, one vote in terms of</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">Portland HODL</b> <span class="cue" id="t-1747" data-t="1747">influence on the actual network. It's really Like the scale of that vote, per se. Yeah. I guess you could say, yeah, you're voting with your node, but, like, the amount of vote you get is</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1756">29:16</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1756" data-t="1756">very You're voting with your node, but</span> <span class="cue" id="t-1758" data-t="1758">most people that have power are voting with their wallet. And if your wallet doesn't control a lot of UTXOs,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1764">29:24</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1764" data-t="1764">well, nobody cares what your opinion is. That's even that's a little bit tricky as well though because</span> <span class="cue" id="t-1770" data-t="1770">what value okay. Let let's talk economic influence, like, how how running a node affects somebody even with a ton of Bitcoin here. I'm gonna give the example.</span> <span class="cue" id="t-1780" data-t="1780">You are Satoshi. Okay? And you run an economic node at start nine, you got, and you connect Sparrow over Tor, and you're you're you're still remaining. You're completely a non.</span> <span class="cue" id="t-1790" data-t="1790">Okay.</span> <span class="cue" id="t-1791" data-t="1791">Again, Bitcoin is changing.</span> <span class="cue" id="t-1793" data-t="1793">The fork is happening. What what can you do? What influence do you have right now, like, with your node? What what what's the only thing you can do?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1802">30:02</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1802" data-t="1802">I think one of the primary things you can do is you can tweet about that you have a node, that you're node runner,</span> <span class="cue" id="t-1808" data-t="1808">and it gives you a sense of credibility when you're arguing with people on the internet.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1812">30:12</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1812" data-t="1812">Well, technically, yeah. I guess you could do that, but it's not gonna have a whole lot of influence per se. The most you could say is like, hey, I'm gonna dump these coins, and and I will create a negative market event, and then if you guys don't go with it, and even then, like, your node can get forked off the network,</span> <span class="cue" id="t-1828" data-t="1828">and you wouldn't be able to dump your coins because you forked, you still have to follow the fork to dump your coins unless you dump the free Right. Yeah, sorry, I'm done.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1835">30:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1835" data-t="1835">No. No. You're right. You're right. So I my point is not so much that, if you control all the Bitcoin, like, you control the network. However,</span> <span class="cue" id="t-1844" data-t="1844">if Michael Saylor</span> <span class="cue" id="t-1845" data-t="1845">what the the fork that Michael Saylor chooses, should it come down to something like this?</span> <span class="cue" id="t-1850" data-t="1850">Will so his but Michael Saylor doesn't run a node, so he doesn't even have to have a node</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1856">30:56</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1856" data-t="1856">to to vote. He's prying he's boxing the Coinbase. No. He yeah. He's he's gonna he's gonna rely on Coinbase or the the the federal government will be like, hey, Michael. We have a start nine for you, and that will be Michael's node. He'll have a he'll have his start nine, and he'll just kind of probably</span> <span class="cue" id="t-1872" data-t="1872">trust and don't verify on that one, and he's gonna follow whatever orders he's told because</span> <span class="cue" id="t-1877" data-t="1877">any individual in Bitcoin, like, working for Mara, which is a publicly traded company,</span> <span class="cue" id="t-1882" data-t="1882">you should always assume that those Bitcoin are captured. In a moment's notice, if the government says, you're giving us the keys, they will comply.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1891">31:31</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1891" data-t="1891">Well, so okay. But there is a value,</span> <span class="cue" id="t-1894" data-t="1894">to running a node even if it's not,</span> <span class="cue" id="t-1897" data-t="1897">so powerful in the democracy on chain democracy. But</span> <span class="cue" id="t-1901" data-t="1901">but what about</span> <span class="cue" id="t-1903" data-t="1903">the problems of just, you know, I'm running a node to send a political message, and I I got my Umbrel, and I do my my my knots node. And then, you know, maybe I don't use it for a couple of years,</span> <span class="cue" id="t-1916" data-t="1916">But then I there's this comes to a a point where I do need to use it. And because I need to use my node, I need to be transact on chain sovereignly.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1925">32:05</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1925" data-t="1925">It's probably a bad, you know, climate outside of of my subnet in my house here. It's probably there's probably reasons</span> <span class="cue" id="t-1932" data-t="1932">that I'm doing this out of, out of the blue. But I haven't used it for years. I don't how how do I know not just being surrounded by FedNodes,</span> <span class="cue" id="t-1942" data-t="1942">who are gonna, you know, screw me over when I try to use this for the first time?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1948">32:28</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1948" data-t="1948">So</span> <span class="cue" id="t-1949" data-t="1949">from</span> <span class="cue" id="t-1950" data-t="1950">the actual</span> <span class="cue" id="t-1951" data-t="1951">software that Bitcoin is,</span> <span class="cue" id="t-1954" data-t="1954">you do validate the rules that your node has installed in Bitcoin</span> <span class="cue" id="t-1958" data-t="1958">Core or NOTs on your start nine. So you can guarantee</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">Portland HODL</b> <span class="cue" id="t-1962" data-t="1962">that even if the nodes are these Fed nodes, have surrounded your node, all your peers are just Feds,</span> <span class="cue" id="t-1968" data-t="1968">you know you're at least getting a source of truth</span> <span class="cue" id="t-1971" data-t="1971">on that node.</span> <span class="cue" id="t-1973" data-t="1973">The other note as well is that you could use</span> <span class="cue" id="t-1976" data-t="1976">the whole thing becomes that point like a privacy thing. So I guess</span> <span class="cue" id="t-1982" data-t="1982">I'll elaborate a little bit further, censorship potentially as well. So maybe the Fed nodes could be running like a blocks only or a malicious node set, so your transaction doesn't get broadcast.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1991">33:11</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-1991" data-t="1991">Then you can mail it to somebody, use mempool dot space, broadcast your transaction because you don't actually need</span> <span class="cue" id="t-1996" data-t="1996">to use your node to send transactions. You only need to get your node to the chain tip to spend your UTXO in that case. You just need to be able to sync the IBD.</span> <span class="cue" id="t-2005" data-t="2005">Your peers, if they're malicious Fed nodes, could maybe, well, I guess let's make the joke here, they could ask for a bunch of IBDs and run your Comcast bill up, so that could be a problem, but I would just suggest maybe, like, you could call up Comcast or maybe it'll just take the warning with Stride. You'll just be like, hey, my bad, one month, I just gotta get this transaction out, I'm gonna be downloading with my start nine here.</span> <span class="cue" id="t-2025" data-t="2025">And then the other thing is, like, ultimately,</span> <span class="cue" id="t-2029" data-t="2029">privacy. So, like, okay, you're surrounded by Fed nodes,</span> <span class="cue" id="t-2033" data-t="2033">your IP's already completely doxxed, like, they already know who you are, they're listening to you for a reason, like, you're done.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2039">33:59</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2039" data-t="2039">You need to use Tor at that point. You need to use a real</span> <span class="cue" id="t-2042" data-t="2042">manly privacy tools, like, actual</span> <span class="cue" id="t-2046" data-t="2046">mountain man,</span> <span class="cue" id="t-2047" data-t="2047">go get your Tor connection set up. I think start nine actually uses Tor by default and bypass</span> <span class="cue" id="t-2052" data-t="2052">these these clear net, clear net privacy, like, basically issues that are created because your IP address is associated with your ISP, can be associated with your name as well. So</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2063">34:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2063" data-t="2063">Yeah.</span> <span class="cue" id="t-2064" data-t="2064">It would suck though. Like oh, go ahead. Go ahead.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2068">34:28</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2068" data-t="2068">Well, I I still wanna segue into a different topic, but if you wanna continue on this one, feel free to. No. Go feel free to segue. I saw it on this one. Yeah. Just basically use privacy if you're surrounded by Fed nodes. Go just set up a a Tor connection or an I2P, and then you can bypass most of that. Like, just don't use the default, hey. I'm gonna use my Comcast connection to go out.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2089">34:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2089" data-t="2089">So what what we've really been learning</span> <span class="cue" id="t-2092" data-t="2092">from a lot of the arguing</span> <span class="cue" id="t-2094" data-t="2094">on,</span> <span class="cue" id="t-2095" data-t="2095">online recently is that this is not much of a technical</span> <span class="cue" id="t-2099" data-t="2099">discussion or argument. It's a very</span> <span class="cue" id="t-2102" data-t="2102">social based</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2105">35:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2105" data-t="2105">argument and discussion.</span> <span class="cue" id="t-2107" data-t="2107">There seems to be a growing rift between the podcasters</span> <span class="cue" id="t-2111" data-t="2111">and the developers.</span> <span class="cue" id="t-2114" data-t="2114">Podcasters,</span> <span class="cue" id="t-2115" data-t="2115">developers,</span> <span class="cue" id="t-2116" data-t="2116">miners,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2118">35:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2118" data-t="2118">they oftentimes clash with each other for a variety of reasons, but they're all part of the Bitcoin security model.</span> <span class="cue" id="t-2125" data-t="2125">They all secure the network</span> <span class="cue" id="t-2126" data-t="2126">in various ways. The podcasters bring users and market demand to Bitcoin</span> <span class="cue" id="t-2132" data-t="2132">so that the miners can</span> <span class="cue" id="t-2133" data-t="2133">mine profitably,</span> <span class="cue" id="t-2135" data-t="2135">so that developers can receive funding,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2138">35:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2138" data-t="2138">There's justification for it. They're they're</span> <span class="cue" id="t-2141" data-t="2141">all important. Do you do you see</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2145">35:45</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2145" data-t="2145">I actually see the replacement of developers with podcasters long term.</span> <span class="cue" id="t-2149" data-t="2149">I I think that the the the problem with developers,</span> <span class="cue" id="t-2152" data-t="2152">even like our our podcast today,</span> <span class="cue" id="t-2155" data-t="2155">it's they're they're hard to communicate with. Like, you you have, like, this different species right now, like, on stage, and the podcasters can communicate very clearly, like, excellent audio quality. They they know how to handle</span> <span class="cue" id="t-2167" data-t="2167">PR</span> <span class="cue" id="t-2168" data-t="2168">with individuals. They know how to how to relate. The the issue with devs,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2172">36:12</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2172" data-t="2172">as we've seen with specifically like Bitcoin Core, they didn't relate to the people. They didn't have a podcaster out there</span> <span class="cue" id="t-2179" data-t="2179">to represent Bitcoin Core.</span> <span class="cue" id="t-2181" data-t="2181">And look at what happened. They got absolutely crushed.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2184">36:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2184" data-t="2184">So Well done.</span> <span class="cue" id="t-2185" data-t="2185">Their credibility is trashed. It's gone. They they do have podcasters kind of springing up to to represent Core now. So you've got Stefan Lovera. You got Shinobi.</span> <span class="cue" id="t-2197" data-t="2197">Did you see that podcast</span> <span class="cue" id="t-2200" data-t="2200">that Shinobi did with Gloria?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2202">36:42</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2202" data-t="2202">Paul Moore (3five forty three): No, I did not.</span> <span class="cue" id="t-2205" data-t="2205">I've been pretty lax on my forty hours a week. I apologize.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2209">36:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2209" data-t="2209">It was pretty good. They did it at the MIT,</span> <span class="cue" id="t-2211" data-t="2211">Bitcoin Expo.</span> <span class="cue" id="t-2213" data-t="2213">And, it was the first time that I learned that Gloria didn't have a beard.</span> <span class="cue" id="t-2218" data-t="2218">And so that was a pretty shocking moment for me. I feel like that was a pretty important piece of information</span> <span class="cue" id="t-2224" data-t="2224">to know. I think a lot of</span> <span class="cue" id="t-2226" data-t="2226">a lot of podcast listeners would benefit from knowing that Gloria doesn't have a beard. No. Gloria does not have a, a beard, as the Twitter profile would suggest.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2236">37:16</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2236" data-t="2236">I don't know why that specific photo was chosen. So but</span> <span class="cue" id="t-2240" data-t="2240">here we are.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2241">37:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2241" data-t="2241">I mean, I can understand why. Like,</span> <span class="cue" id="t-2244" data-t="2244">I think it's hard</span> <span class="cue" id="t-2245" data-t="2245">being a woman in a lot of circumstances in Bitcoin. And, I mean, you see this, you know, historically, like people like JK Rowling, they use pen names</span> <span class="cue" id="t-2255" data-t="2255">in order to not deal with the scrutiny or the stigma around women authors. And I feel like it's a similar thing with submitting</span> <span class="cue" id="t-2264" data-t="2264">a code.</span> <span class="cue" id="t-2266" data-t="2266">People put into question, they're like, You're a woman, you're young, and then you're hot.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2270">37:50</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2270" data-t="2270">Why are you in this position?</span> <span class="cue" id="t-2272" data-t="2272">Do you deserve to be in this position? Whereas, like, man, like the beard,</span> <span class="cue" id="t-2276" data-t="2276">in a lot of ways,</span> <span class="cue" id="t-2278" data-t="2278">acts as kind of like that pen name of bringing legitimacy</span> <span class="cue" id="t-2282" data-t="2282">to her code. Because</span> <span class="cue" id="t-2283" data-t="2283">the problem is a lot of people</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2285">38:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2285" data-t="2285">don't take the time to</span> <span class="cue" id="t-2288" data-t="2288">or aren't capable of of reading and and critically analyzing</span> <span class="cue" id="t-2292" data-t="2292">her contributions.</span> <span class="cue" id="t-2295" data-t="2295">So</span> <span class="cue" id="t-2296" data-t="2296">they</span> <span class="cue" id="t-2297" data-t="2297">yeah. I mean, I I think the beard is is very useful, but at the same time, you know, I think people would also benefit from knowing that she's hot.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2305">38:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2305" data-t="2305">Right. Not some right nots runners</span> <span class="cue" id="t-2308" data-t="2308">can't</span> <span class="cue" data-t="2308">code. They can't recode, so they can't read the the code or see her his her GitHub history and respect, her her,</span> <span class="cue" id="t-2317" data-t="2317">experience and skill,</span> <span class="cue" id="t-2319" data-t="2319">but the beard lets them know, like, oh, okay. I should list this is, this is a,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2324">38:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2324" data-t="2324">an account with authority. Yeah. They can't read the code, but they can they can read her LinkedIn profile. Well, they also</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2332">38:52</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2332" data-t="2332">use the same code that's written by Gloria in Bitcoin knots because they take Bitcoin Core and they apply patches to it to make it knots. It's literally Bitcoin Core at the core with a, a fun new GUI to use with more more sliders and more selectors.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2347">39:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2347" data-t="2347">Yeah.</span> <span class="cue" id="t-2348" data-t="2348">Well, I think the</span> <span class="cue" id="t-2350" data-t="2350">so kinda go back to the original question I was asking. So you you were talking about how the podcasters are gonna become developers. I I think what has become</span> <span class="cue" id="t-2360" data-t="2360">super clear is the importance of public relations</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2363">39:23</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2363" data-t="2363">in general. And Yes. Absolutely.</span> <span class="cue" id="t-2366" data-t="2366">And what I mean by podcasters are gonna replace developers, I'm being facetious here to a degree because it's a fun podcast to be on here.</span> <span class="cue" id="t-2374" data-t="2374">But at the end of the day,</span> <span class="cue" id="t-2376" data-t="2376">look at the contributions</span> <span class="cue" id="t-2378" data-t="2378">Mechanic has</span> <span class="cue" id="t-2380" data-t="2380">created</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2381">39:41</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2381" data-t="2381">to</span> <span class="cue" id="t-2382" data-t="2382">society's perception of Bitcoin and node running in general</span> <span class="cue" id="t-2385" data-t="2385">without any technical</span> <span class="cue" id="t-2387" data-t="2387">background on that. Right? So, like, in like, mechanic doesn't contribute code. He doesn't put in the work to make Bitcoin secure or make that machine tick,</span> <span class="cue" id="t-2396" data-t="2396">but he also</span> <span class="cue" id="t-2397" data-t="2397">has the authority to tell people</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2399">39:59</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2399" data-t="2399">exactly how everything should work and so he's conjuring</span> <span class="cue" id="t-2403" data-t="2403">into reality</span> <span class="cue" id="t-2405" data-t="2405">his own version of Bitcoin. So with that said, like podcasters, I think will become sort of like wizards</span> <span class="cue" id="t-2412" data-t="2412">of Bitcoin</span> <span class="cue" id="t-2413" data-t="2413">where they get so much influence through their ability</span> <span class="cue" id="t-2416" data-t="2416">to communicate</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2418">40:18</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2418" data-t="2418">that they will conjure the version of Bitcoin</span> <span class="cue" id="t-2421" data-t="2421">that they see best fit and the people that want or that listen to these podcasts</span> <span class="cue" id="t-2427" data-t="2427">will then</span> <span class="cue" id="t-2428" data-t="2428">become the apparatus or the instruments of execution</span> <span class="cue" id="t-2432" data-t="2432">to help achieve, to basically make that a reality for these podcasters. So the podcasters are going to become the devs and then the devs are just going to become the labor, basically. That that's kind of my my thought on podcasting</span> <span class="cue" id="t-2445" data-t="2445">interfaces with Bitcoin is that</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2448">40:48</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2448" data-t="2448">the actual pillars of security of Bitcoin where you or, like, the influence of Bitcoin, you have, like, the devs, the miners,</span> <span class="cue" id="t-2455" data-t="2455">and the, sorry, the economic actors, that's actually going to just become miners, economic actors, and podcasters. And the Right. Yeah. And then so, and we're seeing like the effect of podcasting and like bitcoin</span> <span class="cue" id="t-2468" data-t="2468">has become now like the term suit coiner is very</span> <span class="cue" id="t-2472" data-t="2472">thrown around so loosely in bitcoin communities.</span> <span class="cue" id="t-2475" data-t="2475">The podcasters</span> <span class="cue" id="t-2477" data-t="2477">are the interface between the capital that NGU enjoyers</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2481">41:21</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2481" data-t="2481">so much want and covet, right? They want that NGU. Like, I'm okay with losing a little bit of cyberpunk for that. The podcasters will be that interface going forward and the devs will execute the podcasters requests,</span> <span class="cue" id="t-2494" data-t="2494">all leading to that NGU, the incentives of Bitcoin,</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">Rod Palmer</b> <span class="cue" id="t-2497" data-t="2497">and, that that's it. So podcasters are the devs. I agree, and I don't think there's anything facetious about that observation because I I read a good tweet where somebody and I love everybody agreed with it, so it must be true that the new the most popular programming language in ten years will be the English language because of AI. It won't be c plus plus it won't be Rust, it won't be Python.</span> <span class="cue" id="t-2521" data-t="2521">So and you said it yourself, the the devs don't know how to communicate.</span> <span class="cue" id="t-2525" data-t="2525">The the podcasters are the ones who articulate the vision,</span> <span class="cue" id="t-2530" data-t="2530">using the English language for the most part, on podcasts. And so naturally,</span> <span class="cue" id="t-2535" data-t="2535">the the Apex</span> <span class="cue" id="t-2537" data-t="2537">articulate</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2538">42:18</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2538" data-t="2538">English speakers</span> <span class="cue" id="t-2540" data-t="2540">will be the ones who,</span> <span class="cue" id="t-2542" data-t="2542">control Bitcoin. And and our vision, the pod the forty hours per week vision,</span> <span class="cue" id="t-2547" data-t="2547">wherever that is,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2550">42:30</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2550" data-t="2550">will will take over. It won't be Russ Bitcoin. It'll be it'll be podcast Bitcoin. Painful journey for a lot of devs that have to get canceled along the way, but</span> <span class="cue" id="t-2559" data-t="2559">it it's happening right now. There's there's nothing like, we are seeing this and witnessing it real time. And so when the culture comes back, podcasters are your devs.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2569">42:49</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2569" data-t="2569">It's not learn to code, it's learn to podcast.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2571">42:51</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2571" data-t="2571">Learn to English. Just interface with the AI. Just that's all you gotta do. Like podcasters</span> <span class="cue" id="t-2577" data-t="2577">with,</span> <span class="cue" id="t-2578" data-t="2578">like you kind of brought in a new dimension to this with artificial intelligence.</span> <span class="cue" id="t-2581" data-t="2581">At some point, the podcasters may not even need devs to execute their visions any longer.</span> <span class="cue" id="t-2587" data-t="2587">They will just go to chat GPT</span> <span class="cue" id="t-2590" data-t="2590">and ask, I would like a more restrictive policy in my node. I would like to block a specific node.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2597">43:17</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2597" data-t="2597">My Comcast users have been affected. I need to protect them. And the AI will write this node software</span> <span class="cue" id="t-2603" data-t="2603">to do</span> <span class="cue" id="t-2604" data-t="2604">everything the podcaster wishes. The podcasters are the summoners</span> <span class="cue" id="t-2608" data-t="2608">of Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2610">43:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2610" data-t="2610">Absolutely. I mean, I think we're leading the way on this trend. I we may have been the first Bitcoin podcasters to have our own</span> <span class="cue" id="t-2618" data-t="2618">Bitcoin implementation with Bugle Corp.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2621">43:41</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2621" data-t="2621">And then so real quick, as a as a like, can you go over real like, I haven't ran the Bitcoin Core or sorry, Bugle Corp software. What should you guys do differently than Bitcoin Core? And why did you guys decide to fork? Like, I I as a dev, I've always wondered, like, what what was it that made you,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2638">43:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2638" data-t="2638">like, diverge from? We were the first we were the first Bitcoin implementation</span> <span class="cue" id="t-2643" data-t="2643">to,</span> <span class="cue" id="t-2645" data-t="2645">merge</span> <span class="cue" id="t-2646" data-t="2646">Peter Todd's poll request, the opportune poll request. We did it because we were tired of waiting.</span> <span class="cue" id="t-2652" data-t="2652">We wanted</span> <span class="cue" id="t-2654" data-t="2654">less restrictive</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2655">44:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2655" data-t="2655">relay policy because we are journalists. We we support free speech, and we felt it was important.</span> <span class="cue" id="t-2663" data-t="2663">Yeah.</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">Portland HODL</b> <span class="cue" id="t-2664" data-t="2664">So I I gotta throw it out there, though. I was the first one to remove operator from</span> <span class="cue" id="t-2670" data-t="2670">the Bitcoin core implementation</span> <span class="cue" id="t-2672" data-t="2672">at marathon for slipstream.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2675">44:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2675" data-t="2675">So</span> <span class="cue" data-t="2675">we were the first podcasters to do. We were the first podcasters to do. We were the first open</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2680">44:40</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2680" data-t="2680">source. You did it like for commercial. First open source implementation fulfilling satoshi's true vision versus this closed source empire like, corporation.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2689">44:49</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2689" data-t="2689">One question is,</span> <span class="cue" id="t-2690" data-t="2690">you know,</span> <span class="cue" id="t-2692" data-t="2692">people are upset about,</span> <span class="cue" id="t-2695" data-t="2695">the potential of having a a big Comcast bill. But</span> <span class="cue" id="t-2699" data-t="2699">can you talk about</span> <span class="cue" id="t-2701" data-t="2701">and we kind of alluded to this. You know, if you're gonna run a node, if you're gonna be on the network, if you want to,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2708">45:08</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2708" data-t="2708">have you have make this impact,</span> <span class="cue" id="t-2711" data-t="2711">whatever impact you're trying to have,</span> <span class="cue" id="t-2714" data-t="2714">know that there are vulnerabilities,</span> <span class="cue" id="t-2717" data-t="2717">risk, that there's things you have to think about</span> <span class="cue" id="t-2719" data-t="2719">other than</span> <span class="cue" id="t-2720" data-t="2720">spam. Because, like, everybody the the not people, they're they they have spam derangement syndrome is what I've been calling it. But there's other threats out there that they might not be</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2730">45:30</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2730" data-t="2730">thinking about. Is how what what kind of mindset mentality do you need to have to go into being a NodeRunner? It's not just, you know,</span> <span class="cue" id="t-2738" data-t="2738">a LARP. It's it's a serious thing.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2741">45:41</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2741" data-t="2741">So in terms of just being a Bitcoin node runner,</span> <span class="cue" id="t-2745" data-t="2745">like, pretty much, you should just</span> <span class="cue" id="t-2748" data-t="2748">I actually</span> <span class="cue" id="t-2750" data-t="2750">I don't think the average user needs to worry as much about</span> <span class="cue" id="t-2754" data-t="2754">specific elements because of the fact that, like, a lot of the devs have done the lifting of poking it before them to make sure that these things don't negatively impact them. Like, they can't have</span> <span class="cue" id="t-2763" data-t="2763">specific, like, transactions</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2765">46:05</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2765" data-t="2765">happen that make their node not work or a specific block request, etcetera.</span> <span class="cue" id="t-2770" data-t="2770">And so,</span> <span class="cue" id="t-2771" data-t="2771">yeah, as a node runner, the most important thing is focus on your privacy</span> <span class="cue" id="t-2775" data-t="2775">and just in general, just use your node, keep up to date, watch this thing, and interface with it. That's that's the most important thing. But as somebody who wants to actually, like, improve and make nodes better,</span> <span class="cue" id="t-2786" data-t="2786">you gotta you gotta you gotta actually look at code. You actually gotta review. You have to you you got to push Bitcoin to its limits, and that's what,</span> <span class="cue" id="t-2794" data-t="2794">I do. That's, like, my whole philosophy</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2796">46:36</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2796" data-t="2796">is that I want to find the points where Bitcoin can be improved for global adoption of Bitcoin as money for miners, node runners, and just it's going to work without question. And by doing that, like, I've come up with some pretty interesting, like, little vectors that are problematic for Bitcoin. An example would be on my Twitter, I have the, the poison blocks, the mempool anarchist cookbook that is actually, like, a really bad Bitcoin transaction that can happen right now that we need to patch out.</span> <span class="cue" id="t-2826" data-t="2826">The poking and like I didn't actually attack any Comcast nodes, but I brought it up in discussion,</span> <span class="cue" id="t-2832" data-t="2832">that</span> <span class="cue" id="t-2833" data-t="2833">was a pain point people realized like, oh wow, like nobody had really thought about this,</span> <span class="cue" id="t-2839" data-t="2839">but you need to think like your adversary in Bitcoin's is permissionless. Anybody can use it. So if you are on one of these limited connections,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2846">47:26</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2846" data-t="2846">can the software itself determine ahead of time? And that's something people are now thinking about. Can we create a version of Bitcoin that will automatically determine if you have data caps or not so that it'll automatically limit that upload. But if you're running a node, you do need to understand, like, hey, the Bitcoin time chain is huge. You're downloading stuff for sometimes days at a time. And if you have a limited Comcast connection that has 1.2 terabytes a month before you get your warning,</span> <span class="cue" id="t-2870" data-t="2870">you will blow through</span> <span class="cue" id="t-2872" data-t="2872">800 gigabytes of that or two thirds</span> <span class="cue" id="t-2875" data-t="2875">with one piece of software.</span> <span class="cue" id="t-2877" data-t="2877">So</span> <span class="cue" id="t-2878" data-t="2878">as a node runner, you need to think about, like, your own individual circumstances,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2882">48:02</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2882" data-t="2882">but the majority of these things are handled. I have just went out onto the fringes</span> <span class="cue" id="t-2888" data-t="2888">and found something that a select few nodes may be impacted by.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2893">48:13</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2893" data-t="2893">Yeah. I think</span> <span class="cue" id="t-2895" data-t="2895">there's the, you know,</span> <span class="cue" id="t-2897" data-t="2897">mind your own business. I think that,</span> <span class="cue" id="t-2899" data-t="2899">there's a lot</span> <span class="cue" id="t-2900" data-t="2900">of node runners who, for the majority of them, should just</span> <span class="cue" id="t-2904" data-t="2904">mind their own node. Just mind your own node</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2906">48:26</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2906" data-t="2906">and,</span> <span class="cue" id="t-2907" data-t="2907">didn't stop worrying so much about these</span> <span class="cue" id="t-2911" data-t="2911">theoretical</span> <span class="cue" id="t-2912" data-t="2912">potential</span> <span class="cue" id="t-2913" data-t="2913">future threats to be just mine your own node and you go from there.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2919">48:39</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2919" data-t="2919">Which yeah. That's basically the way nodes work. Like, in general, there's, of course, fringes in the because</span> <span class="cue" id="t-2926" data-t="2926">Bitcoin is so marginal, and what I mean by that is, like, it is relatively stable. Bitcoin is the same rough thing it was fifteen years ago.</span> <span class="cue" id="t-2934" data-t="2934">Any little deviation from that can create a new cycle. Somebody literally just finds some specific, like, Comcast thing for a user that that shouldn't I'm a I'm a nobody on Twitter. That shouldn't have blown up because nobody should have cared. If I didn't say anything, nobody would notice because nothing even happened. But, like, yeah,</span> <span class="cue" id="t-2952" data-t="2952">that's</span> <span class="cue" id="t-2953" data-t="2953">the ultimate point is that very small things devs say</span> <span class="cue" id="t-2957" data-t="2957">can have huge influence</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2959">49:19</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2959" data-t="2959">because of the fact everybody is seeking with a $2,000,000,000,000</span> <span class="cue" id="t-2963" data-t="2963">asset the latest thing that's happened on something that's 15 years old. So for example as well, you've recently had it kind of stir up in</span> <span class="cue" id="t-2971" data-t="2971">Bitcoin Core,</span> <span class="cue" id="t-2972" data-t="2972">literally calling</span> <span class="cue" id="t-2974" data-t="2974">one</span> <span class="cue" id="t-2975" data-t="2975">group calling for a credibility crisis</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2978">49:38</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-2978" data-t="2978">corrupt core, etcetera</span> <span class="cue" id="t-2980" data-t="2980">for changing the value</span> <span class="cue" id="t-2982" data-t="2982">of op return</span> <span class="cue" id="t-2984" data-t="2984">that gets relayed on the network per Bitcoin core version 30, not even removing the option. But regardless, like, the statements made</span> <span class="cue" id="t-2992" data-t="2992">have been like, hey, this is going to break Bitcoin, etcetera. That is completely false. Like it's on the margins, a nothing burger that gets blown out of proportion because it's the topic of the day. It's the only interesting thing that I believe anybody could find and you can see that</span> <span class="cue" id="t-3009" data-t="3009">how volatile this is during these specific events</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3012">50:12</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3012" data-t="3012">by how distracted individuals get with like bigger fish and what I mean by that is like, okay, x thing happens, blows out of proportion on Twitter and then somebody else does something even remotely slightly bigger that is still to me pretty uninteresting and that becomes the new topic because of the fact that the attention has shifted. It's moved on. It it was nothing bigger in the first place. It was just a point. It was a wedge. It's something you could put in, something you could discuss. It's engagement.</span> <span class="cue" id="t-3037" data-t="3037">And on every side</span> <span class="cue" id="t-3039" data-t="3039">of all of this,</span> <span class="cue" id="t-3041" data-t="3041">I'm just going to say,</span> <span class="cue" id="t-3042" data-t="3042">there's money being made. If you run a pool,</span> <span class="cue" id="t-3046" data-t="3046">you can make money by running a loose mempool policy. We've seen literally miners increase their profitability</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3051">50:51</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3051" data-t="3051">by accepting more transactions</span> <span class="cue" id="t-3053" data-t="3053">through these non standard, like non gossip channels,</span> <span class="cue" id="t-3056" data-t="3056">okay, well, what about the other side? If you run a tight end pool policy,</span> <span class="cue" id="t-3061" data-t="3061">go say that you're saving bitcoin through relay policy,</span> <span class="cue" id="t-3064" data-t="3064">like</span> <span class="cue" data-t="3064">you're going to get more members. It's like everybody</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3068">51:08</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3068" data-t="3068">the podcasters are the ultimate winners. They get content all the time.</span> <span class="cue" id="t-3072" data-t="3072">So, like,</span> <span class="cue" id="t-3073" data-t="3073">the only people that I would say are true, like, in the middle, like, not getting a ton is those that aren't learning and just sitting through these kind of discussions without using their their their life's time. Like, you should be learning about them. You should be critically thinking.</span> <span class="cue" id="t-3086" data-t="3086">But everybody</span> <span class="cue" id="t-3088" data-t="3088">had an incentive to make this drama happen. Every single side did.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3092">51:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3092" data-t="3092">My my final point on this topic is that, you know, we learn as in spaces earlier today, some shit winner came in and was telling us all these threats to Bitcoin. It's like I've heard them all years ago. This is also</span> <span class="cue" id="t-3105" data-t="3105">if</span> <span class="cue" id="t-3106" data-t="3106">you want</span> <span class="cue" id="t-3107" data-t="3107">to to</span> <span class="cue" id="t-3108" data-t="3108">scream at the top of your lungs for everybody to hear that you found a new, you know, vulnerability or a new thing that breaks Bitcoin or a new threat to Bitcoin, h I</span> <span class="cue" id="t-3117" data-t="3117">I'm not listening to you unless you listen to forty hours per week. Unless you listen to forty hours per week, and I'd know, like,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3124">52:04</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3124" data-t="3124">if you haven't, go listen, and it gets probably been addressed already. This is probably known.</span> <span class="cue" id="t-3131" data-t="3131">Just calm down. And if you're not listening to Bitcoin podcast, it's just like, I don't have time to listen to all the threats that you you found on Twitter that are a threat to Bitcoin. It's just listen. Go listen to the podcast. What is what is the meme? I I have I found Bitcoin, and I'm here to fix it. Like, that is a very common thing. It just</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3149">52:29</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3149" data-t="3149">the new perspective, you finally looked at the elephant from the lens you have, and you've decided, I can fix the rest of the pieces I don't understand. Like, that is so incredibly common in Bitcoin. Absolutely.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3161">52:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3161" data-t="3161">Well, on topic of using,</span> <span class="cue" id="t-3163" data-t="3163">Bitcoin as money, that's a even controversial statement in and of itself, but we're big believers in that here at the Bugle.</span> <span class="cue" id="t-3171" data-t="3171">One thing that we do</span> <span class="cue" id="t-3173" data-t="3173">before</span> <span class="cue" id="t-3176" data-t="3176">or at the end of every show is we go through our fountain booths. So we're big supporters of the value for value economy.</span> <span class="cue" id="t-3183" data-t="3183">I think</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3185">53:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3185" data-t="3185">who's the biggest winner</span> <span class="cue" id="t-3187" data-t="3187">of the drama</span> <span class="cue" id="t-3189" data-t="3189">is PodConv.</span> <span class="cue" id="t-3191" data-t="3191">The podcast conference industrial complex</span> <span class="cue" id="t-3194" data-t="3194">is the winner.</span> <span class="cue" id="t-3196" data-t="3196">One of the ways to disintermediate</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3198">53:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3198" data-t="3198">PodConv</span> <span class="cue" id="t-3199" data-t="3199">is the value for value ecosystem. Jason Brett (3one twenty three): A 100%.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3206">53:26</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3206" data-t="3206">When they try to distract you with the latest thing, the current thing,</span> <span class="cue" id="t-3210" data-t="3210">sometimes you have to go because when you have to to go subterranean, you have to go to the value for value, the intellectual</span> <span class="cue" id="t-3216" data-t="3216">Silk Road, Nostra, Gertjats,</span> <span class="cue" id="t-3218" data-t="3218">retreat from the timeline.</span> <span class="cue" id="t-3220" data-t="3220">It's a they're jamming you. It's a psychological</span> <span class="cue" id="t-3223" data-t="3223">warfare, but the signal is real</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3226">53:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3226" data-t="3226">on the</span> <span class="cue" id="t-3227" data-t="3227">found boost timeline.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3231">53:51</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3231" data-t="3231">Absolutely.</span> <span class="cue" id="t-3234" data-t="3234">So for our last episode, I don't think you had an opportunity to listen to it because you've been,</span> <span class="cue" id="t-3239" data-t="3239">you're a busy guy. You're busy arguing. You're busy, coding.</span> <span class="cue" id="t-3244" data-t="3244">The last episode we did was with my, good friend, Open Mic. He runs</span> <span class="cue" id="t-3249" data-t="3249">a company called Tunester,</span> <span class="cue" id="t-3252" data-t="3252">which is a streaming platform for musicians to be able to earn Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3257">54:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3257" data-t="3257">So one of the problems with</span> <span class="cue" id="t-3261" data-t="3261">There's a lot of problems that musicians are facing as far as being able to earn income.</span> <span class="cue" id="t-3267" data-t="3267">When you're</span> <span class="cue" id="t-3268" data-t="3268">adding a live stream</span> <span class="cue" id="t-3270" data-t="3270">to all your live events and you have the potential to earn hundreds or thousands of dollars from people watching and around the world,</span> <span class="cue" id="t-3277" data-t="3277">it really is a value add for Bitcoin. I think it's a</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3281">54:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3281" data-t="3281">or sorry. Value add for the musician. I think it's a really cool project that I'm a big fan of.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3287">54:47</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3287" data-t="3287">Have you heard of Tunster? I have not heard of Tunster.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3292">54:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3292" data-t="3292">Are you a musician or you that you like music?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3295">54:55</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3295" data-t="3295">I do love music. But with that said, it's classical music. So typically, my music flavor is going to YouTube and finding some</span> <span class="cue" id="t-3303" data-t="3303">longer stretch and then, just programming while I listen to that.</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">Richard Greaser</b> <span class="cue" id="t-3308" data-t="3308">I'm a big classical music fan as well.</span> <span class="cue" id="t-3310" data-t="3310">Who are some of your favorites?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3313">55:13</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3313" data-t="3313">I like Bach particularly.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3317">55:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3317" data-t="3317">K. Yeah. I've been let me look at I'm looking at my plate list,</span> <span class="cue" id="t-3325" data-t="3325">my classical playlist.</span> <span class="cue" id="t-3327" data-t="3327">Been listening to a lot of Tchaikovsky.</span> <span class="cue" id="t-3331" data-t="3331">What do you like about Bach?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3334">55:34</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3334" data-t="3334">Specifically, I just feel like in general, just it is easy to listen to, and it's not super slow. And in, like I don't know. I just I I just like the style. That's all I can say on that. I'm not an aficionado. I typically just put on the playlists, and I've noticed that those are the most common ones that I will end up bookmarking.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3353">55:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3353" data-t="3353">Very cool.</span> <span class="cue" id="t-3356" data-t="3356">But, yeah, that was that that's kind of a summary of</span> <span class="cue" id="t-3360" data-t="3360">the conversation that we had last or, well, couple weeks now.</span> <span class="cue" id="t-3365" data-t="3365">But, yeah, first boost of the show, Shadrach, our good friend,</span> <span class="cue" id="t-3369" data-t="3369">very cool guy.</span> <span class="cue" id="t-3371" data-t="3371">323</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3372">56:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3372" data-t="3372">SaaS says, woo,</span> <span class="cue" id="t-3374" data-t="3374">exclamation point times four LFG,</span> <span class="cue" id="t-3376" data-t="3376">hashtag 40</span> <span class="cue" id="t-3378" data-t="3378">HPW.</span> <span class="cue" id="t-3380" data-t="3380">Thank you, Shadrach.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3381">56:21</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3381" data-t="3381">The next one is,</span> <span class="cue" id="t-3383" data-t="3383">it's from Rev Hoddle</span> <span class="cue" id="t-3385" data-t="3385">up there in Michigan on the homestead.</span> <span class="cue" id="t-3387" data-t="3387">He boosted 1,121</span> <span class="cue" id="t-3389" data-t="3389">sets. He said, I look forward to Tunster</span> <span class="cue" id="t-3392" data-t="3392">TRL,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3393">56:33</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3393" data-t="3393">which was,</span> <span class="cue" id="t-3394" data-t="3394">my idea for bringing, like, Carson Daly t r l to Tunster</span> <span class="cue" id="t-3398" data-t="3398">and having a a top 10 countdown. But,</span> <span class="cue" id="t-3401" data-t="3401">we can all send in our, groupie videos from the local Bitcoin meetups instead of Times Square. Any of those local Bitcoiners out there can, come hang with me at the South Bend Indiana Bitcoin needup the first Thursday every month at Lang Lab,</span> <span class="cue" id="t-3415" data-t="3415">06:30PM,</span> <span class="cue" id="t-3416" data-t="3416">learn something, earn something, share something, buy something, build relationships and resilience with local Bitcoiners</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3423">57:03</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3423" data-t="3423">who cast our our vote for the best music in all of Bitcoin culture while we're at it. So thank you, Rev Huddl. Rev Huddl is, he he he uses the boost section,</span> <span class="cue" id="t-3434" data-t="3434">to comment and always to</span> <span class="cue" id="t-3437" data-t="3437">have us read</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3438">57:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3438" data-t="3438">an ad for his local Bitcoin meet up there in, South Bend, Michigan in South Bend, Indiana. I've never been to South Bend. I like I like Indiana a lot. I've never been to South Bend, but</span> <span class="cue" id="t-3449" data-t="3449">I just like Notre Dame quite a bit. I think they're a bunch of</span> <span class="cue" id="t-3455" data-t="3455">arrogant</span> <span class="cue" id="t-3456" data-t="3456">assholes.</span> <span class="cue" id="t-3459" data-t="3459">They always start Like, we're getting into the football season. Sports ball</span> <span class="cue" id="t-3464" data-t="3464">season is starting folks and</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3467">57:47</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3467" data-t="3467">Notre Dame probably has a much higher ranking than they deserve,</span> <span class="cue" id="t-3471" data-t="3471">again, as always.</span> <span class="cue" id="t-3473" data-t="3473">So what happens is what happens when you're the premier Catholic</span> <span class="cue" id="t-3477" data-t="3477">sportsball team.</span> <span class="cue" id="t-3480" data-t="3480">And there's over like a billion Catholics.</span> <span class="cue" id="t-3484" data-t="3484">It's a rig system where they always rank Notre Dame way higher</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3488">58:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3488" data-t="3488">to get the Catholics to watch sportsball.</span> <span class="cue" id="t-3491" data-t="3491">You gotta sell the</span> <span class="cue" id="t-3493" data-t="3493">advertisements to advertisers, for sure.</span> <span class="cue" id="t-3496" data-t="3496">But it's cool that</span> <span class="cue" id="t-3498" data-t="3498">How</span> <span class="cue" id="t-3499" data-t="3499">does Bitcoin fix</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3501">58:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3501" data-t="3501">Notre Dame getting</span> <span class="cue" id="t-3502" data-t="3502">unfair coverage on ESPN?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3505">58:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3505" data-t="3505">I don't know. I don't answer that.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3509">58:29</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3509" data-t="3509">No. Portland, are you a sports ball fan? Do you like sports? No. I absolutely not. I I don't even like ESPN, Notre Dame, like, I know ESPN is sports ball channel and Notre Dame</span> <span class="cue" id="t-3519" data-t="3519">soccer team? I I have no clue on any of this.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3523">58:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3523" data-t="3523">So no Notre Dame, like, their their big thing is, football.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3531">58:51</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3531" data-t="3531">Football is soccer globally, kind of correct? No. I'm just kidding. No. I I have no clue on that. I apologize.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3538">58:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3538" data-t="3538">So you you never were much of a a sports ball person growing up. Like, did you Never.</span> <span class="cue" id="t-3544" data-t="3544">Ever.</span> <span class="cue" id="t-3546" data-t="3546">Did you</span> <span class="cue" id="t-3549" data-t="3549">what what did you do growing up? Oh, what I did growing up?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3554">59:14</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3554" data-t="3554">I was I I did a lot of motocross as, like, a kid. Right, and, I was always into specifically Legos and,</span> <span class="cue" id="t-3562" data-t="3562">like, electronic gizmos, but in my fifth grade year, that's when all that changed. I forget which age that correlates to, but I, built my first computer from scratch that year, and then I was, like, then I became like, okay, let's keep building and, like, overclocking and, like, that's all I did was just, like, modify computers and write code and just have fun, you know, and that that's that became my passion. Like, from there on out, I I never had time or cared about</span> <span class="cue" id="t-3587" data-t="3587">sports specifically</span> <span class="cue" id="t-3589" data-t="3589">because I just don't understand it. Like I don't want to take the time to understand the rules. I don't understand the emotions people feel. Like people get very</span> <span class="cue" id="t-3597" data-t="3597">riled up about these people throwing a ball around and I just never</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3601">1:00:01</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3601" data-t="3601">have been able to recapture that level of an endorsement rush</span> <span class="cue" id="t-3605" data-t="3605">from a guy running across a white line or something like that.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3610">1:00:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3610" data-t="3610">Very good. Yeah. I built computers growing up. That's what I did. I I wonder if that plays into the conflict that you're having with the podcasters right</span> <span class="cue" id="t-3618" data-t="3618">now.</span> <span class="cue" id="t-3620" data-t="3620">Boba ten thousand says,</span> <span class="cue" id="t-3622" data-t="3622">from an old fat musician songwriter, you want a crowd</span> <span class="cue" id="t-3626" data-t="3626">feeds off a crowd. It's called excitement. First off, Noster will most likely never be mainstream.</span> <span class="cue" id="t-3633" data-t="3633">It's too privacy oriented.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3635">1:00:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3635" data-t="3635">Therefore, when an artist stays niche, they should expect a niche crowd. The music business has always been about business.</span> <span class="cue" id="t-3643" data-t="3643">Sadly, it should be treated as such, which most artists are not business oriented. They need help.</span> <span class="cue" id="t-3649" data-t="3649">You don't become the Rolling Stones on your own.</span> <span class="cue" id="t-3653" data-t="3653">V for free is a great idea for music, but change is mostly a decade plus at best.</span> <span class="cue" id="t-3659" data-t="3659">Most of the folks on V for V music won't last</span> <span class="cue" id="t-3664" data-t="3664">a decays,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3665">1:01:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3665" data-t="3665">only for monetary purposes.</span> <span class="cue" id="t-3668" data-t="3668">But again, until Noster becomes simple and mainstream, they will never find a crowd.</span> <span class="cue" id="t-3674" data-t="3674">If they are good, they need TikTok, Insta, and YouTube to get popular enough to go out and tour. It's a numbers game. Sorry, not sorry.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3683">1:01:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3683" data-t="3683">Always the optimist.</span> <span class="cue" id="t-3685" data-t="3685">Bubba. Bubba, he he's great. But Bubba is an artist. Bubba is a songwriter. Bubba was a musician.</span> <span class="cue" id="t-3692" data-t="3692">And he is you know, I I tried to</span> <span class="cue" id="t-3695" data-t="3695">say some of those things a little bit softer, but Bubba will put it to you</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3700">1:01:40</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3700" data-t="3700">exactly how he sees it. Jeff Ross (3three 30 three): I think he made a lot of really good points with the it's like</span> <span class="cue" id="t-3707" data-t="3707">a lot of musicians are not good business people. They need Jews behind the scene. This is why the Jews control the music industry.</span> <span class="cue" id="t-3715" data-t="3715">It's not some elaborate conspiracy. It's just that Jews tend to be good at businesses. It's the same thing. Devs</span> <span class="cue" id="t-3722" data-t="3722">oftentimes</span> <span class="cue" data-t="3722">aren't the best</span> <span class="cue" id="t-3724" data-t="3724">communicators, so they need podcasters.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3729">1:02:09</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3729" data-t="3729">Very</span> <span class="cue" id="t-3730" data-t="3730">it's a thing.</span> <span class="cue" id="t-3731" data-t="3731">Well, thank you for the boost, Baba.</span> <span class="cue" id="t-3733" data-t="3733">Really appreciate it.</span> <span class="cue" id="t-3736" data-t="3736">Yeah. I don't know if Noster is going to be coming in stream. I like what's happening on Noster though. I'm enjoying it. But I guess we're kind of a nature podcast.</span> <span class="cue" id="t-3745" data-t="3745">You have to listen to forty hours per week to actually understand what the hell we're talking about, which is kind of a big ask for normal people that prefer to watch sports ball</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3754">1:02:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3754" data-t="3754">instead.</span> <span class="cue" id="t-3755" data-t="3755">Alright.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3758">1:02:38</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3758" data-t="3758">Avi</span> <span class="cue" id="t-3759" data-t="3759">Burra,</span> <span class="cue" id="t-3760" data-t="3760">10,000 sats. Thank you, Avi. Overn mic is the face of the value for value revolution.</span> <span class="cue" id="t-3770" data-t="3770">That's right. The tunester tunester,</span> <span class="cue" id="t-3772" data-t="3772">is is</span> <span class="cue" id="t-3774" data-t="3774">and there's not much else out there, and it's,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3777">1:02:57</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3777" data-t="3777">for building something cool.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3780">1:02:60</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3780" data-t="3780">Jason Peterson (3five 30: I think to change the world, sometimes you just have to be a crazy person and do things not just because</span> <span class="cue" id="t-3788" data-t="3788">everybody else sees it. A lot of times,</span> <span class="cue" id="t-3790" data-t="3790">you have the vision for something and you just go with it and the market follows</span> <span class="cue" id="t-3796" data-t="3796">eventually.</span> <span class="cue" id="t-3798" data-t="3798">But so a lot of times, it doesn't. But it takes crazy people to do</span> <span class="cue" id="t-3802" data-t="3802">things like that.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3805">1:03:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3805" data-t="3805">Maybe Mike's crazy. I don't know. He seems pretty rational to me. I like him a lot. Well, thank do do you know,</span> <span class="cue" id="t-3811" data-t="3811">Avi Portland?</span> <span class="cue" id="t-3812" data-t="3812">You</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3813">1:03:33</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3813" data-t="3813">ever No. I don't. I've never interacted.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3816">1:03:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3816" data-t="3816">He's a great guy. He's got he's got the biggest, like, nostril oriented podcast, the Plug Chain Radio.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3823">1:03:43</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3823" data-t="3823">Very active. I I actually should listen to that. That is</span> <span class="cue" id="t-3826" data-t="3826">that's an that seems really cool.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3830">1:03:50</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3830" data-t="3830">Are you are you ever active on Nostril?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3833">1:03:53</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3833" data-t="3833">Nostril,</span> <span class="cue" id="t-3834" data-t="3834">not so much as I have quite a few gripes with the UI UX and specifically,</span> <span class="cue" id="t-3840" data-t="3840">I I do have an account. I actually I did, the first grinding of an in pub. And what that means is, like, my in pub is actually in pub</span> <span class="cue" id="t-3848" data-t="3848">seven seven seven seven seven seven seven</span> <span class="cue" id="t-3852" data-t="3852">and then a bunch of digits because I use my computer to try random private keys until I got that vanity</span> <span class="cue" id="t-3859" data-t="3859">URL.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3859">1:04:19</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" data-t="3859">But in terms of my experience with Gnoster,</span> <span class="cue" id="t-3862" data-t="3862">specifically,</span> <span class="cue" id="t-3864" data-t="3864">it using Amethyst on Android as my client and snort not social, and this is probably about a year ago,</span> <span class="cue" id="t-3871" data-t="3871">overall, just like lots of issues loading content, things crashing, and</span> <span class="cue" id="t-3876" data-t="3876">I feel that the discussion is a little bit narrow in scope for compared to, like, what I like to see. I like to see a lot of Bitcoin content from Bitcoin developers</span> <span class="cue" id="t-3886" data-t="3886">in addition to a lot of general developer content as well. So I can kind of, like, combine these ideas of, like, hey. Like, this programming language has now implemented x feature.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3895">1:04:55</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3895" data-t="3895">Can I use this to build on Bitcoin? I I'm always looking to make those kind of links. I just don't see enough of that on Oster with a bad UI,</span> <span class="cue" id="t-3903" data-t="3903">UX. I kind of</span> <span class="cue" id="t-3905" data-t="3905">just I understand its potential.</span> <span class="cue" id="t-3907" data-t="3907">I just am not it's not where I wanna be at the moment. So</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3912">1:05:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3912" data-t="3912">What what year did you get into Bitcoin roughly?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3916">1:05:16</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3916" data-t="3916">What do you mean by get into? Because there's, like, a couple touch points. Like, actually understand it or, like, first touched sat?</span> <span class="cue" id="t-3924" data-t="3924">I guess first touch it. First touch it was 2010.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3928">1:05:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3928" data-t="3928">Okay. So very early on. And then, like, when did you get really interested in Actually, like, convicted, 2018.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3935">1:05:35</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3935" data-t="3935">Like, I,</span> <span class="cue" id="t-3936" data-t="3936">before I had done, like, lots of Bitcoin mining. And so from GPUs</span> <span class="cue" id="t-3941" data-t="3941">to ASICs and then every</span> <span class="cue" id="t-3944" data-t="3944">like, I sold all the time and from there, like 2013 was the first big one, liquidated the whole stack, price went down massively, I think like $200 to $160</span> <span class="cue" id="t-3953" data-t="3953">I literally said it was a scam. I was very young, I didn't understand what bitcoin is for. I didn't even understand the power of what bitcoin is. I literally thought it was a get rich quick scheme,</span> <span class="cue" id="t-3962" data-t="3962">okay?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3963">1:06:03</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3963" data-t="3963">Exit bitcoin, don't even touch it, don't even think about it for years. 2016</span> <span class="cue" id="t-3967" data-t="3967">rolls around, I'm working at Intel,</span> <span class="cue" id="t-3969" data-t="3969">people are talking about bitcoin.</span> <span class="cue" id="t-3971" data-t="3971">Hey, do you want to go in on some miners with one of my coworker?</span> <span class="cue" id="t-3974" data-t="3974">We, we buy miners, we mine Bitcoin, we sell the miners when we're done</span> <span class="cue" id="t-3978" data-t="3978">and then and, sold, I did liquidate all at that point again</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3983">1:06:23</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-3983" data-t="3983">and then the final, like, after this, I never liquidated Bitcoin again, and that was in 2018.</span> <span class="cue" id="t-3989" data-t="3989">I was like, I I started, like I did a lot of Linux contribution or sorry, Linux kernel contributions in 2017.</span> <span class="cue" id="t-3996" data-t="3996">And I started, like, actually looking at the Bitcoin code, and then, yeah, it became like, holy this is actually really excellent software. Like, this is gonna work. This isn't gonna break.</span> <span class="cue" id="t-4007" data-t="4007">Like, I tried figuring out ways to break it and it doesn't break. So at that point, I was like, okay. Bitcoin has never done me wrong.</span> <span class="cue" id="t-4014" data-t="4014">I love Bitcoin. It's really cool. I know how to mine with it. And then I just started doing acquisition of Bitcoin personally, like, stacking my sats.</span> <span class="cue" id="t-4022" data-t="4022">I haven't mined since though, that that 2017.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4026">1:07:06</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4026" data-t="4026">So you just need, like, technically, like, another seven years</span> <span class="cue" id="t-4030" data-t="4030">of Nostra development to be interested in it for the UX to improve.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4034">1:07:14</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4034" data-t="4034">Or I got I I would literally have to go through and actually do the proof of work, review the Nostra code and go like, hey, this is</span> <span class="cue" id="t-4041" data-t="4041">okay.</span> <span class="cue" id="t-4043" data-t="4043">Philosophically though, the incentives are very different.</span> <span class="cue" id="t-4046" data-t="4046">Like Bitcoin to me,</span> <span class="cue" id="t-4048" data-t="4048">like, oh, this is going to get me in so much hot water.</span> <span class="cue" id="t-4052" data-t="4052">Bitcoin fundamentally</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4053">1:07:33</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4053" data-t="4053">solves a problem with humanity</span> <span class="cue" id="t-4055" data-t="4055">and that problem is</span> <span class="cue" id="t-4057" data-t="4057">that</span> <span class="cue" id="t-4058" data-t="4058">nation states can't stop touching the money printer. The temptation to put your hand in the cookie jar and grab unlimited cookies</span> <span class="cue" id="t-4065" data-t="4065">is always</span> <span class="cue" id="t-4067" data-t="4067">throughout history been a problem. Every nation has experienced inflation.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4071">1:07:51</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4071" data-t="4071">Satoshi created the cure to inflation.</span> <span class="cue" id="t-4074" data-t="4074">That seems to me like a bet I want to take to fix humanity and a movement, like, I really want to be a part of.</span> <span class="cue" id="t-4081" data-t="4081">Like, that is the fundamental</span> <span class="cue" id="t-4084" data-t="4084">to humans, to fix. Like, the amount of suffering inflation causes</span> <span class="cue" id="t-4088" data-t="4088">is absolutely insane and Satoshi just comes out with a fixed cap supply for an asset that permissionlessly</span> <span class="cue" id="t-4093" data-t="4093">can be moved between person a to person b. That is like that's why I like bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4099">1:08:19</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4099" data-t="4099">Nosto</span> <span class="cue" id="t-4100" data-t="4100">is a different proposition</span> <span class="cue" id="t-4102" data-t="4102">where it benefits</span> <span class="cue" id="t-4104" data-t="4104">me</span> <span class="cue" id="t-4105" data-t="4105">and it's kinda like censorship free communication, but I I don't think I've grasped, like, why</span> <span class="cue" id="t-4111" data-t="4111">it's the the movement that fundamentally</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4114">1:08:34</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4114" data-t="4114">changes humanity. I think Bitcoin is that. I think Nostra's very cool.</span> <span class="cue" id="t-4118" data-t="4118">I just haven't found, and maybe I will,</span> <span class="cue" id="t-4121" data-t="4121">why it is a level that I want to, like, why even need it at the end of the day? Like, I feel like most of my communication</span> <span class="cue" id="t-4128" data-t="4128">is not that</span> <span class="cue" id="t-4130" data-t="4130">adversarial in nature. I if I get deplatformed,</span> <span class="cue" id="t-4133" data-t="4133">I trust Nostra enough to be around. But at the same time, like, I I just You just you're not</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4139">1:08:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4139" data-t="4139">you're just not</span> <span class="cue" id="t-4142" data-t="4142">is into v logs, vlogging,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4145">1:09:05</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4145" data-t="4145">and saying good morning as people who are, like, hardcore Nostril users are. You know? Yeah. I get it. I get it. I guess so. I I don't know how to dance around the dance around the subject. I just I just didn't see the the proposition why I it incentivizes me to use Bitcoin's incentives are very clear.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4162">1:09:22</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4162" data-t="4162">Yeah. I think a good place to start is listen to forty hours of blockchain radio.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4169">1:09:29</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4169" data-t="4169">How is it, Dev, do you find forty hours? When you're fighting AI</span> <span class="cue" id="t-4173" data-t="4173">to China bots,</span> <span class="cue" id="t-4175" data-t="4175">everybody's trying to pay you less all the time.</span> <span class="cue" id="t-4178" data-t="4178">You're getting attacked on Twitter.</span> <span class="cue" id="t-4181" data-t="4181">I I think it's time. I I got I got I got I that that's a skill issue that I can't listen to forty hours a week. I need to put in the work. That's that's Never, yeah. You caught Never never never judge a man until you've listened to forty hours of podcast and his headphones. Everybody's got time constraints. Everybody's got responsibilities,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4198">1:09:58</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4198" data-t="4198">family.</span> <span class="cue" id="t-4199" data-t="4199">They gotta drive out to get</span> <span class="cue" id="t-4202" data-t="4202">raw milk and and beef towel from the rancher, an out an hour outside the city. It's difficult, but,</span> <span class="cue" id="t-4209" data-t="4209">the everybody's you know, it's</span> <span class="cue" id="t-4211" data-t="4211">we we still strive. We we still try to listen to forty hours every week, and,</span> <span class="cue" id="t-4216" data-t="4216">it's part of part of the benefit is figuring out</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4219">1:10:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4219" data-t="4219">how to get it done. Finding that stranded stranded time</span> <span class="cue" id="t-4223" data-t="4223">to to mine for orange filling stories on Bitcoin podcasts.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4227">1:10:27</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4227" data-t="4227">Yeah. Sign up. Performance</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4229">1:10:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4229" data-t="4229">Performance enhancers</span> <span class="cue" id="t-4230" data-t="4230">help a lot. You know, so, like, smoking cigarettes makes you more productive at work. You get your work done quicker.</span> <span class="cue" id="t-4236" data-t="4236">And then,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4238">1:10:38</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4238" data-t="4238">drinking lots of coffee, you don't have to sleep as much. I'm a big I'm a big caffeine, guy. I love I love caffeinated beverages.</span> <span class="cue" id="t-4245" data-t="4245">So coffee. The one I found out recently was, Celsius.</span> <span class="cue" id="t-4249" data-t="4249">Those were pretty good.</span> <span class="cue" id="t-4252" data-t="4252">What else? Yeah. That's that's that's my jam. Drink a little drink some caffeine. I feel amazing.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4260">1:10:60</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4260" data-t="4260">Makes it it just makes life better. Good a good comp of coffee.</span> <span class="cue" id="t-4264" data-t="4264">I think cigarette.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4265">1:11:05</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4265" data-t="4265">Maybe not the cigarette for my case. But with that said, yeah, definitely before coffee, like, brain feels slow, very, like,</span> <span class="cue" id="t-4273" data-t="4273">kind of, like,</span> <span class="cue" id="t-4274" data-t="4274">agitated, and then you you have some caffeine, and you're like, hey. How's your day? Things are amazing. Everything's great. You're just typing away, making stuff. It's oh, it's the best. I love it.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4286">1:11:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4286" data-t="4286">Absolutely.</span> <span class="cue" id="t-4287" data-t="4287">Alright. Well, let's, blast through these. Boost, Pies,</span> <span class="cue" id="t-4292" data-t="4292">121¢,</span> <span class="cue" id="t-4293" data-t="4293">LFG,</span> <span class="cue" id="t-4294" data-t="4294">strong-arm, strong-arm, strong-arm</span> <span class="cue" id="t-4297" data-t="4297">emoji,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4298">1:11:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4298" data-t="4298">Pies, one of our most consistent listeners, boosters,</span> <span class="cue" id="t-4301" data-t="4301">absolute legend. You see him all over the found timeline on everybody's podcast commenting on it. Once in a while, you'll see him get a little bit grumpy with the podcaster. He keeps people in check. He is</span> <span class="cue" id="t-4313" data-t="4313">an enforcer</span> <span class="cue" id="t-4314" data-t="4314">of no nonsense.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4317">1:11:57</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4317" data-t="4317">He's a Wild West wild guardian, for sure.</span> <span class="cue" id="t-4321" data-t="4321">Next one,</span> <span class="cue" id="t-4322" data-t="4322">Noster gang,</span> <span class="cue" id="t-4323" data-t="4323">101 sets,</span> <span class="cue" id="t-4325" data-t="4325">listener aggression is advised,</span> <span class="cue" id="t-4328" data-t="4328">rock and roll</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4330">1:12:10</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4330" data-t="4330">emoji.</span> <span class="cue" id="t-4332" data-t="4332">Hell yeah. Thank you, Nostra Gang. Nostra Gang's</span> <span class="cue" id="t-4335" data-t="4335">in those boosts almost every week as well.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4340">1:12:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4340" data-t="4340">Two angry cunts podcast.</span> <span class="cue" id="t-4343" data-t="4343">Great podcast. Oh, here we go. It's, Sylvie. Her name is Sylvie Rod.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4349">1:12:29</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4349" data-t="4349">That's right.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4350">1:12:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4350" data-t="4350">Co hosted by Bubba, who boosts us earlier to I don't know if I said the amount. 2222¢.</span> <span class="cue" id="t-4357" data-t="4357">In my opinion, the way to spread the v for v niche space</span> <span class="cue" id="t-4361" data-t="4361">of music within an already niche Bitcoin space is to not pigeonhole oneself into only Nostra centric mindset.</span> <span class="cue" id="t-4368" data-t="4368">There are v for v music shows. The creators of these shows put a lot of time creativity</span> <span class="cue" id="t-4373" data-t="4373">into their shows and the artists</span> <span class="cue" id="t-4376" data-t="4376">they choose to play. Support</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4378">1:12:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4378" data-t="4378">the shows and artists any way one can.</span> <span class="cue" id="t-4382" data-t="4382">KISS.</span> <span class="cue" id="t-4383" data-t="4383">Okay. So here's a bunch of, shows it looks like. So,</span> <span class="cue" id="t-4388" data-t="4388">at UpBeats,</span> <span class="cue" id="t-4389" data-t="4389">at</span> <span class="cue" id="t-4392" data-t="4392">the</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4393">1:13:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4393" data-t="4393">Dew Durer Fowls,</span> <span class="cue" id="t-4396" data-t="4396">at Mike Newman at</span> <span class="cue" id="t-4398" data-t="4398">Colo Mono and others. That's cool. We'll have to check those out</span> <span class="cue" id="t-4403" data-t="4403">and and follow him on the roster. It looks like</span> <span class="cue" id="t-4407" data-t="4407">two angry cons apparently was talking about me, on their most recent show. I got it tagged on Oster this morning, I think.</span> <span class="cue" id="t-4415" data-t="4415">But, yeah, appreciate it, Sylvie. Thank you for the,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4418">1:13:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4418" data-t="4418">the boost.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4421">1:13:41</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4421" data-t="4421">Next is from Open Mic. 7,777</span> <span class="cue" id="t-4424" data-t="4424">sats. He was of course, we were interviewing. Thanks for having me. Watch out for pirates. Yeah. Watch out. If, yeah, if you live</span> <span class="cue" id="t-4433" data-t="4433">if you live in Minnesota,</span> <span class="cue" id="t-4435" data-t="4435">the land of many lakes, there's</span> <span class="cue" id="t-4437" data-t="4437">a good chance you might run into Somali pirates if you're out boating.</span> <span class="cue" id="t-4441" data-t="4441">So</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4442">1:14:02</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4442" data-t="4442">don't don't take that for granted.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4445">1:14:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4445" data-t="4445">Have you heard about this Portland? What's happening in Minnesota?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4449">1:14:09</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4449" data-t="4449">No. I typically don't keep up with news cycles of any sorts, really. Like, other other than Bitcoin Twitter. Like, that that's my</span> <span class="cue" id="t-4457" data-t="4457">that's my life.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4459">1:14:19</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4459" data-t="4459">So</span> <span class="cue" id="t-4460" data-t="4460">in Minnesota, they they have the largest</span> <span class="cue" id="t-4462" data-t="4462">population of Somalis outside of Mogadishu,</span> <span class="cue" id="t-4465" data-t="4465">and</span> <span class="cue" id="t-4468" data-t="4468">they are now taking over the lakes.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4470">1:14:30</a><span class="cue-body"><b class="cue-who">Portland HODL</b> <span class="cue" id="t-4470" data-t="4470">And What do you mean taking over the lakes? Are they swimming, canoes, boats?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4475">1:14:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4475" data-t="4475">Pirate ships. Are they Pirate ships.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4478">1:14:38</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4478" data-t="4478">Arms? Smallly pirates.</span> <span class="cue" id="t-4479" data-t="4479">Okay.</span> <span class="cue" id="t-4481" data-t="4481">Yeah. Most of them have arms,</span> <span class="cue" id="t-4483" data-t="4483">and they're showing up to, you know, it's it's Labor Day next weekend. So they're gonna be about a lot of people out on the boat,</span> <span class="cue" id="t-4491" data-t="4491">join Labor Day weekend, the end of summer.</span> <span class="cue" id="t-4495" data-t="4495">Beware, cap your, your water cannons,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4498">1:14:58</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4498" data-t="4498">set up on the starboard side, you know, or both sides if you cab it. Keep a smallie pirates at bay.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4504">1:15:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4504" data-t="4504">Yeah. You you go on the Lades Lakes or you wanna go tubing or</span> <span class="cue" id="t-4511" data-t="4511">or wakeboarding,</span> <span class="cue" id="t-4512" data-t="4512">you might not be the captain for very long. Let's just say that.</span></span></p> +