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Transcript: Podcaster Wealth Inequality | Bugle Weekly Episode 72

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1:29Kailey Welch The podcast you are about to listen to is the most thermodynamically sound podcast in the world. Get ready to join veteran journalist Rod Palmer and Dick Greaser as they cover the most important news stories happening right now. This isn't some PodCom clickbait slop. This is the intellectual so called. So light up a cigarette and get your lightning while it's ready to boost this incredible production produced by yours truly, Kaylee Bosch.

1:54Rod Palmer Welcome back to Bugle Weekly. I'm Rod Palmer here with Richard Grieser. Today, we've got the mid year purity test report cards, ladies and gentlemen. What do I mean by that? So the SEC filing for the new venture, between,

2:15Rod Palmer some treasury or some zombie company becoming a treasury company, be like doing a SPAC with David Bailey, in Nakamoto, that finally went, went through last week. So the filing comes out. How much are David Bailey and his lieutenants being paid,

2:33Rod Palmer to be Bitcoin podcasters for this this new public Bitcoin treasury company. And it's a lot. David Bailey's making a million dollars a year. He's getting a tie. The total compensation package

2:47Rod Palmer of Bitcoin podcasters has gone public. That is what today is. That's the report card. So failing your purity tests, has been shown to provide the or at least be give a fair market value,

3:03Rod Palmer to Bitcoin podcasters. That's looking really incredible. We knew that the value was high. We knew that we needed more Bitcoin podcasters, but this value was very humbling to Clenitor

3:18Rod Palmer as well as seed signer. Seed signer shared that he is struggling financially and is disgusted to see that, you know, people like David Bailey are making more, than him with the SeedSigner project. And it's they're not alone. They're not alone. A lot of people have been humbled by seeing the the fair market value of Bitcoin podcasters. And I think I think this this might be a vibe shift, Richard. But, you know, how are you doing?

3:46Rod Palmer What are you thinking about this? This big news, babe, being a Bitcoin podcaster is, it's worth a lot. It's worth, it's more valuable to being a doctor or a lawyer.

3:58Richard Greaser Well, I, I saw something interesting this week. John Seth was tweeting about how Perianne Boring is on the board of Nakamoto. And one of my major concerns is that crypto people I don't think crypto people should be paid as much as Bitcoin only people.

4:22Richard Greaser And I'm looking at Nakamoto's website. First of all, I don't see Stephen Lubbock on there, which is kind of weird. I see Amanda Fabiano. But let's let's just pretend I don't know if Amanda's on the board, but I would hope that Amanda Fabiano would be paid at least 20% more than Perriane Boring

4:43Richard Greaser for sitting on the board because Amanda Fabiano is Bitcoin only, whereas Perianne obviously isn't. She likes the blockchain.

4:55Rod Palmer Yeah, exactly. Yeah. Perianne is she's going to provide you value in ways that not, you know, every Bitcoin or can, but her value, either on is anything, it should be based on the Bitcoin dominance chart, but,

5:12Rod Palmer I would say, I would say just give her 80%.

5:17Richard Greaser Yeah. I I'm a big fan of the gender wage gap personally because I think it's a man's job

5:31Richard Greaser to protect women. And, just, you know, men are men typically, not not universally, there there's some pretty strong buff women out there, but men typically are stronger physically. They've been the warriors in society. They've been the protectors. And I think it's our role too. And one of the ways that we can protect women is to protect

5:57Richard Greaser their innocence and their general karma. In paying them less, they actually end up paying less taxes than men. And I think it's a really good thing. But from that perspective, it's almost like we should pay the Bitcoin only people less

6:17Richard Greaser so that the shitcoiners are more complicit and paying funds to the state and committing all these atrocities.

6:29Rod Palmer Yeah. I mean, you could do that. I'd still I'm open to it, but I would still want to build it on Bitcoin. So I think that you could probably do some sort of, thing with you're paying them with payment splits,

6:47Rod Palmer on lightning, and then you could customize the payment splits, for people who are not Bitcoin only. They could just shave, you know, 20% off of that. And it goes back to the, you know, the company coffers.

7:04Richard Greaser I think one of the things people are really sleeping on is bringing paper Bitcoin to the blockchain. Because imagine that you're doing paper Bitcoin stock splits

7:17Richard Greaser on the Lightning Network,

7:20Kailey Welch how sophisticated you could get with that?

7:23Rod Palmer Oh, yeah. I just saw news as well that the bank of Japan is creating or is allowing the creation of basically

7:35Rod Palmer a yen, a stable coin. So I assume that tether is going to have a yen stable coin, and now we can bring the yen carry trade. One of the most famous, international arbitrages in the world. We gotta bring that to lightning if we just have,

7:53Rod Palmer tether USD key and then yen, you know, the end tether, whatever that would be, y e n t. We could just do the yen Terry trade on lightning. It would greatly expand the amount of leverage and liquidity

8:09Rod Palmer brought to lightning network. It might it could have a huge, a huge impact finally on, user experience,

8:17Richard Greaser with more liquidity availability. What's going on in Japan these days? We've got metal planet, Dylan, Claire taking over orange pill and Nintendo.

8:30Rod Palmer We still got a lot of inflation. And so, the Japanese are kind of just a bit ahead of us. They need to find buyers for their debt so they can print more yen

8:44Rod Palmer And the bank can't buy it all, the Bank of Japan. So they want crypto traders. They want, stablecoin companies to, absorb

8:55Rod Palmer the, the yen they're printing. It's getting out Japan's kind of a small island. They're printing so much yen is starting to overflow. It's going to it's like it'll leak into the ocean. They've got to get it out. They've got to get it on different blockchains to kind of soak that in.

9:09Richard Greaser So do you think they're going to try and get the global south to be using the yen? Is that like one of the strategies? Rich Dolla (3five zero three): That is,

9:17Rod Palmer they are trying to increase their market impact in some of the countries in Africa who don't know the difference between Chinese and Japanese. So like the meme they only really communicate memes. So they're, they're kind of able to slide in there, with the yen stable coin and, kind of disrupt some of that, get that trust over the CIA who's in there with the, Tether memes. And they just kind of think like, oh, this is DUS, CIA. I, These Asians, they seem better. They're hoping that will work and they might try that as well. And, global south part, The United States blockchain associations control.

9:55Rod Palmer They're going to try to compete on on Tron.

9:58Richard Greaser Yeah. There's always ways to, exploit stereotypes. And, you know, everybody thinks that Asians all look the same. That's like a very common stereotype. Right? They the Chinese and and the Japanese yen have the same name. They sound the same. They look the same.

10:20Richard Greaser It's definitely a good way to exploit that stereotype. I I think it was bullish for Japan. Yeah.

10:27Rod Palmer And I mean, Africa, they are, it's We don't like to think about this because we like to think of We like to think that we projected our colonial values throughout the past three hundred years. But, you know, Africans are They can be very racist and they are, they are still known to stereotype Asians and, and say that they think that they all look the same. So it's really just a market exploitation by the Japanese. It's, to gain, you know,

10:55Richard Greaser dominant market share. Pretty smart in my opinion.

10:59Rod Palmer But, yeah. I mean, I think it's up to you. Like, Todd, speaking of, you know, stable coins, yen, these potential meme car meme coin markets that are developing in places, you know, South Of The in the South Sahara is purity tests. So the Bitcoin

11:18Rod Palmer podcasters are kind of who demonstrate a willingness to not be afraid of purity tests. They're doing quite well. Podcasters and Bitcoiners in the space who

11:31Rod Palmer they really take a lot of pride in passing other pledge purity tests. They they take a lot of pride in passing their favorite Bitcoin podcasts purity tests, their favorite spaces purity tests, their favorite group chat, period. They like they're stacking, passing

11:49Rod Palmer purity tests. It's kind of like people stack, you know, A's on the report card and they they start to build their identity based on their ability to figure out a system and and get good grades from it. They're doing this. They're gaining value from these purity tests, but it is not benefiting them or at least they are finding it very surprising and humbling that

12:15Rod Palmer it not living this way could still be, you know,

12:19Richard Greaser Alki stack or Bitcoin. Is it kind of like, being the Boy Scouts, collecting badges or accomplishments.

12:27Rod Palmer Right. Exactly. You work your way up and you get that Eagle skill. Like some, there's a lot of people who feel like they have passed the equivalent purity test of the Tobias, an Eagle Scout in Bitcoin.

12:44Richard Greaser Should, BTC pins offer badges, like accomplishment badges for different purity tests

12:54Rod Palmer past. Absolutely.

12:56Richard Greaser You could, like, go to the conference and wear them on, like, a hat or,

13:03Rod Palmer I I don't know. What what are those things called? Yeah. Like the the sash. I mean, you'll see I mean, think about military uniforms. You could wear a jacket, you know, Bitcoiners like to like, the high style now. You you wear a nice sport jacket over your favorite Bitcoin podcast t shirt. And some people like to put like a little orange,

13:26Rod Palmer where they call it the, in the pocket there, a pocket square. You have some pins for their buttons. But you could also like a military journal, you could you could put your pins for the period test. Like, I, you know, never bought a shit coin.

13:45Rod Palmer Never, you know, never fell from the psyop that, Monero was more private than lightning. You know, something like never use Monero. You know, you tend to be wish people. Run Nods. I mean, be a Bitcoin node runner, a Lightning channel runner. Like, you you stack them. I mean, some of these guys would look like dictators from North Korea and they probably have, personalities that are similar. Interesting.

14:13Richard Greaser Yeah. One of the new tests, which I think is an important test, Dennis Porter, has been, decrying Bitcoin influencers that don't run nodes. Should we be listening to podcasters that don't run nodes?

14:31Richard Greaser Or does that mean less signal

14:33Rod Palmer in general? Jason Brett (3five 30: That is, I think, a good example of a, something that they, people might form as a purity test, because

14:48Rod Palmer it's very difficult to confirm like yes or no. Right. But it's a lot of pressure. How do we know if a Bitcoin podcaster uses a note? Right. Does it have to be running twenty four seven? Does it have to be, when they're doing certain types of transacting? It was like every transaction they do have to be from their own node is like, what does it mean to, run a node to use a node? And what does that what does it even tell us anything?

15:20Rod Palmer If a Bitcoin POS scanner is very, very, very adamant about how he runs his node, does that really tell you anything about him? Because, you know, how can you even know for sure that he's telling the truth?

15:34Richard Greaser Well, typically, yeah. I mean, I guess we need to have auditors, opening channels. Verification, you know. Yeah. You can open a channel with, the Bitcoin podcaster and then, look at the routing fees, routing the routed transactions that you get through your node.

15:54Richard Greaser That's one way to do it. And,

15:57Rod Palmer Just remember, just remember any Bitcoin podcaster that invites you to open buying channels with his lightning node, could be a fed. So always keep that in mind. You might need to get some sort of protection for your, for your channels. So you don't,

16:15Rod Palmer you aren't exposed to feds.

16:18Richard Greaser I've got a node with, or sorry, a channel open with, David Bennett from, Bitcoin and on my note,

16:27Rod Palmer you think he's Are you using are you using protection with, Tor or are you Rod Doggin, your lightning channel? It's your podcaster.

16:35Richard Greaser I think I'm on clear net. I think it's pretty easily discoverable. Well, I mean, I I just didn't you know, when I was setting up the note, I didn't want people out there accusing me of not running a note. So, of course, I put it on clear net. Right. Well, I think as long as you are

16:52Rod Palmer proud of the way you run your node, if you feel proud of the way that you run your Bitcoin node, I don't think that, you should have too many problems. I think that you will be able to navigate, the gossip network, as it's called pretty well. But if you're not proud of your node, you should be careful out there because there's a lot of

17:13Rod Palmer other node runners. There's a lot of enlightening channels. There's just a lot of people in the network who, they they're looking for people who aren't proud of the way they run their node and they're looking to take advantage of these people. So you just wanna be careful.

17:29Richard Greaser I think that if we explained gossip to women, there'd be more women interested in the Lightning Network because women like to gossip. Not all of them, but a lot of them do.

17:41Rod Palmer Yeah. I mean, if if BTC Sessions would make a lightning tutorial specifically focused on gossip, I think that'd be a really good way to, to connect with women. Females who might want to female Bitcoiners who might wanna get into managing their own channels.

17:59Richard Greaser Absolutely.

18:00Rod Palmer Now, you this is the this brought up a question. Some who was it asked by a specific person? I don't know if you wanna credit them or if you wanted to protect their privacy. Because somebody asked running my if I run my notes, should that not be, like, the equivalent of forty hours of podcast per week? So is do it shouldn't being a node runner, count as the same amount of,

18:30Rod Palmer you know, work and dedication to Bitcoin as listening to forty hours per week. And you got the newsrecee question, but I think it's not as simple as that.

18:43Rod Palmer Did you have thoughts on it?

18:46Richard Greaser Yeah. I mean, I think it depends. Like, a lot of people treat running Node like it's some sort of accomplishment. Like, you're you're you're engaging in democracy. Like, this is the the framing that Dennis has. I you know, I think Dennis is almost correct on everything he says, but I think one of his, weaknesses is that he views everything in the lights of, government and democracy. And that's the way he translates.

19:13Richard Greaser Like, kind of like the the Fiat standard, the book, like Safedine went and explained the Fiat system in Bitcoin terms. And, I think Dennis tries to do that with democracy and voting.

19:32Richard Greaser And I just don't think it's that big of an accomplishment to run a node. And a lot of people are treating like it is. There's a lot of people that run nodes because there's reasons to run nodes such as like you're trying to, you know, sell a product or something and you want to actually be your own bank. You want to be sovereign. You want to feel good about yourself. You want your wife to be proud of you.

20:02Richard Greaser And then there's a lot of people that, like, treat it like I think it's kind of an orange shell tendency of, like, they treat it like it's a purity test, like it's a big accomplishment. It's probably because they haven't accomplished a whole lot themselves. You You know what I mean? The the ones that are treating, like, running nodes as an accomplishment is just like they they're proud of themselves. They, you know, clicked download and then clicked install,

20:28Richard Greaser and, they they see themselves as Cypherpunks, even though they're really not. And, they they don't even know what Ubuntu is. And,

20:40Rod Palmer Yeah. And what I I I would summarize what you're saying is whatever. But it sounds like to me is what you're saying is that they have placed way. They, they, they don't know how to value or the, or how to think about value when it comes to, you know, running a note. Right. It's a symbol that they've assigned way too much value to when really like everything else in Bitcoin, they use a tool, that

21:10Rod Palmer it is a tool that you can use to, maintain your sovereignty if you use it the correct way. They're just having it as a trophy in your basement, you know, with with with LED lights shining up. But it's like, this is my this is my my sovereignty. My my bank is in my basement. My bank is in my my office. I am my own bank. It's just it's

21:36Rod Palmer using it as a purity test, you know, is a good example where it's, you're assigning, like you said, too much value to something, that is much more, but now you're making it much bigger than it needs to be. And that's a weird thing to do.

21:52Richard Greaser I I think that I mean, listening to forty hours is much bigger deal than running a node.

21:58Rod Palmer 100%.

21:60Richard Greaser Because there's so much There's forty hours of work that's put in to listen to forty hours of podcast. Whereas running a node, I mean, I guess you could spend a lot of time actually understanding what you're doing, but I don't think a lot of people do that. It's like one of the benefits of, like, Umbrel and StartNine is you don't have to understand anything. You don't have to spend any time understanding what you're doing. It's a No. One of the benefits of, like, PTC sessions tutorials, like, you know, when you're script kitty, you don't need to actually understand the code that you're you're typing out. You can just copy paste.

22:36Rod Palmer It's like a mind cook, right? The chef is the person who is really being creative, creating new dish, challenging, whatever. A line cook is just taking a recipe and it's they're putting it together and they're following the steps. They're following the script. And if you use a start nine or you you use BT sessions, you are

23:00Rod Palmer following you're following another man's script. Do you want to follow another man's script, or do you want to write your own script and be able to craft your own script and be able to refine it and fix where fix it where it's, it's not working where you might find or do you just wanna trust another man's script? So that's why it's like people who are using their node in creative, valuable ways. They would never talk about, what they're doing is, using my node. It's

23:34Rod Palmer it gives it that that makes sense. But

23:36Richard Greaser Yeah. Well, it's kind of the difference between a pleb and a pioneer is the, the pioneer goes to places where there's no script to follow. They're writing their own script, whereas the the plebs just solely lives off of other people's scripts that are determined for them.

23:54Rod Palmer Yeah. So if you were if you're training if the if the way you interact with your node is the way you interact, if you like if you if you're like Carl, Rev Hoddle, if you're if you're a homesteader, you're you're creating your reality. You are building your ecosystem,

24:14Rod Palmer and you're spreading it. You're you're creating new channels with other, with other people in your community like that. If you're doing that with your node, then you yeah. That counts, I guess, as forty hours of Bitcoin podcast per week. But it will if if all you're doing is going through the steps, then at least with Bitcoin podcast, you are paying attention. And it's like we there's a lot of things we do in life where sometimes we're just following the script or we're just following the steps, including our, like, you know, our relationships. And if you treat

24:47Rod Palmer your node the way that you you know, some people treat their wife, they don't pay any attention to it, then it's not it's not a valuable interaction. But if you're at least listening, intently for forty hours per week of any activity, you know, it there's gonna be more value there.

25:07Richard Greaser Do you know off the top of your head how many mining poles are running knots?

25:12Rod Palmer I don't know that. Haven't seen any data. I only know the percentage of Nott's, nodes is apparently 17%. I haven't seen a link to that. I've only seen screenshots. So I don't, you know, there's no, data about how many of those are economic nodes either.

25:32Rod Palmer So for all we know, any we we just don't know a lot.

25:36Richard Greaser I feel like the term economic node is a pejorative.

25:41Rod Palmer It's not politically correct. Right. It's it's like the, people talk about before, you know, this '19 late nineteen hundreds, right, or, eighteen hundreds, you know, you had to be a landowner. You had to be a man.

25:59Rod Palmer You had to, you had to have some stake in the community. You had to have, you know, there's some impact or, you know, serve some purpose, especially with money on the line to be able to vote.

26:18Rod Palmer And then now it's, like, kinda anybody can vote. You need an app that you could just come down vacation in The United States. If you're here on Election Day, you can vote. You don't have to know anything about what you're voting for, or what, you know, what information you were told that you're passing on. You know, whatever. Everybody can vote.

26:37Richard Greaser Yeah. I'm really it's part part part of the reason why I'm not a big fan of democracy is because everybody can vote. It'd make a lot more sense if there was some sort of restriction on, you have to listen to forty hours per podcast a week. You have to have read The Bitcoin Standard, The Road to Serfdom by Hayek, Rothbard's history on banking. I feel like there should be a massive checklist.

27:05Richard Greaser I don't think being a landowner should be a requirement anymore because we all know that, real estate's a shitcoin, according to Safedine. So that would be kinda contrary to, the advice you hear on a lot of podcasts. Yeah. I mean,

27:25Rod Palmer people people it's like, what's the, like a poll test or, you know, a quiz or a test that you have to pass, a purity test that you have to pass to be able to vote. So some people think that it's not enough to be a node runner. You have to be an economic node. Now the the definition of economic node, there's not a single definition for that.

27:49Rod Palmer Everybody kind of views that the wrong way. So, you know, some people think that you have to be broadcasting transactions to be an economic node. Some people think you have to be a mining you have to be a mining node, that is actually building, you know, submitting blocks and and all that. But some people think that you just have to use it to verify your transactions. And some people that you have got various. I I even believe personally that,

28:15Rod Palmer you know, just the fact that you were spending your time and would, you know, start 9. Bitcoin, those services are cheap. So if you if you spend a thousand dollars on a Start9 Bitcoin server, and you are, you know,

28:34Rod Palmer contributing to that, that economy in such a high stake fashion. I think maybe you should be able to vote. I would, I think that it's worth being an economic node. If you own a start nine server, I don't think there's any more requirements after that, but I think if you're gonna run it from your laptop, I think you should probably be using it to broadcast and, you know, verify and potentially, you know, be a miner or a solo miner.

28:59Richard Greaser Star nine puts out their their OS that you can put on, like a typewriter. Right? I'm pretty sure.

29:07Rod Palmer Yeah. I think so. Yeah. I would say, this is where I would draw the line is start nine's, node or, you know, you're basically using your node every day. Like, you know how to actually use the command line? Like, Cypherpunks know the command line, and you know Ubuntu. But, like, Umbrel and below, not an economic node. If you're running Umbrel, you're probably not an economic node.

29:32Rod Palmer Did that down to there aren't exceptions. Just that, you know, nine times out of 10.

29:40Richard Greaser Could it be argued that a start nine server is a shitcoin because you should buy Bitcoin instead.

29:50Rod Palmer Matthew Piepenburg (3seven zero three): I think that is kind of a point I'm making is that if you are willing to waste that much potential Bitcoin, like, I mean, one a 900 purchase thousand dollars purchase a couple of years ago, that's generational wealth in ten years. So if you're willing to sacrifice that much Bitcoin to contribute to the lightning network, then yeah, I think that, that that's enough for some stake.

30:16Rod Palmer It's like a million sats. This is one of the things That's the tax you gotta pay. That's the tax you pay.

30:21Richard Greaser This is the reason why it's important to listen to forty hours per week, folks, because you you need entropy because there's a lot of podcasters that'll paint a picture that's very, like, one-sided or or or they'll paint paint things like they're, monoliths. Like, the the thing that people used to do all the time is they presented

30:43Richard Greaser a reality where the only way that you should run a Bitcoin node was on a Raspberry Pi. That was something that was done in the last cycle. So everything was Raspberry Pi focused. Start nine started with Raspberry Pi before they realized they should probably use better hardware, for things like Nextcloud and, you know, all the other shit that they got on there. You can use a typewriter

31:08Richard Greaser to either run StartOS, run Umbrel, run whatever it is. You don't have to use a Raspberry Pi. It could be significantly cheaper, and there's probably less chances of, Masada infiltrating the supply chain, in my opinion.

31:28Rod Palmer Yeah.

31:30Richard Greaser We haven't talked we haven't talked about this. Like, what what are the odds that the Mossad has, put explosives on

31:39Rod Palmer all the start nine servers? Well, they need to maybe they need to be more transparent about, their parts, the solid everything that goes into the, you know, open source the model, so to speak, open source the model, let people if yours if your hardware wallet,

31:59Rod Palmer your wallet in general, but obviously hardware wallets are more prone to explosions. If it's not open source, we just can't verify that it's not potentially infiltrated by Mossad. And there's this thing, you know, there might be some sort of tool that we can develop that you can once you get your hardware wallet or your node, in the mail that you can verify that it hasn't been tampered with, and infiltrated by Mossad.

32:27Rod Palmer But until until that, you know,

32:29Richard Greaser it's something that you gotta assume. I just tweeted. I I was asking, how many mining pools run knots? Charlie Spears responded right away and said, oh, point five mining pools are running nonce. So I followed up and asked him how what the percentage of hash rate is. Now, I think there's a few ways to look at this. There is the fact that, like, no significant amount of hash rate is supporting lots. But I think another metric that would be more interesting to look at is the percentage of decentralized hash rate

33:05Richard Greaser that is supporting knots. How many bid access are supporting knots? I think it's probably a very, very, very, very high percentage in comparison to the the overall, hash rate, which is really brings up the importance between decentralized and and centralized hash rate. I think we need a better definition and a clear definition of what centralized and decentralized hash rate. Because I think there's a few definitions, but I think

33:36Richard Greaser one of the things I've seen a lot with purity test is that they like to change the standards of whatever the test is depending on convenience for them. So somebody might pass a certain purity test, just based on convenience.

33:58Richard Greaser Yeah. And then turns out they, didn't actually really pass the purity test. They were just given, like, a it's like there's a grading curve,

34:11Rod Palmer essentially. Yeah. That's how you use it. A lot of times people call it like moving the goalposts. Yeah. There's a lot of controversy about Tandus Owens reporting regarding Emmanuel Macron, the,

34:25Rod Palmer prime minister or the president of France. He, he, he got through university, got these grades and he was get passing these exams that, none of his peers

34:37Rod Palmer believed that, he was qualified or, smart enough for whatever to pass, but he just, he just kept moving through. And there's some people who they just kind of seem to gravitate upwards in influence and power, without having to, you know, show,

34:57Rod Palmer show their grades, so to speak, show you their credentials, the pick the theory test. They don't have to wear those on their on their jackets. It happens.

35:10Richard Greaser So you've been following that whole saga with, Candace and,

35:16Rod Palmer You know, I've I've been listening to some podcast. I I would have been say I've listened to forty hours on Candace and France, but, I think I'm pretty

35:24Richard Greaser they got a pretty good base knowledge. This is gonna be a pretty interesting revelation if we find out that all the first ladies around the world are actually transgender.

35:34Rod Palmer Yeah. I mean, just just one kind of just one being a transgender kind of verified

35:45Rod Palmer puts the rest of them into question. It doesn't we're not necessarily going to get verification, DNA tests, is we we won't be able to trust any videos. Like, if you see Michelle Obama with a boner, like, you'll have to assume that that's Photoshop or AI. But,

36:04Rod Palmer it makes the whole makes the whole thing murky. It makes you wonder what else it seems too absurd for them to lie about for them to actually lie about. Absolutely. But I think to tie this, this thing with nodes up here is

36:22Rod Palmer if you want to be a node runner and you are, you still want to be a node runner and especially if you are going to try to be an economic node, it comes with responsibility, isn't it? This this vote is not free. Roman storm found that out recently, and the US government has decided with precedents that,

36:45Rod Palmer node runners are my transmitters. So that changes the dynamics if you if you are at risk. Should you be should if you run an umbrella node, should you be, exempt

37:00Rod Palmer from being, you know, having to get the money transmitter license? If you have a star nine, is that should you consider filing for a money transmitter license so that you are in compliance?

37:14Richard Greaser It's a good question. I mean, that that was like the precedent set in that case was we are all money transmitters now. Every single one of us. Podcasters are money transmitters. Node operators are money transmitters. Wallet users are money transmitters. Wallet developers

37:35Richard Greaser are money transmitters. Core developers are money transmitters. Nantz developers are money transmitters. Mining pools are mining transmitters.

37:46Rod Palmer This is why we preach to you the importance and just to understand what you're doing by orange pilling the feds. We told in podcast on Twitter, we announced that we are ungovernable. Like, we are able to transmit money anywhere in the world,

38:04Rod Palmer as long as we have access to the Internet. Like, nobody could stop us. So they are just they are, you know, in almost way, they are recognizing, people for what they are, which is money transmitters. But with recognition comes what, you know, what does this mean for us? I think it'd be good to have Dennis to,

38:24Richard Greaser campaign and lobby for just, like, a clear way. It should be able to get a money transmitter license as it is to get a driver's license, in my opinion. Right.

38:39Rod Palmer If the definition of money transmitter is so loose and so broad. And it really, I, it's hard to justify the high cost of being a money, because you might not even know you're a money transmitter and you're subjects to fines. And, you know, in penalties, this disproportionately

38:59Rod Palmer affects minorities. Like, these people are, not able to afford money transmitter licenses. If you are working the minimum wage, you cannot afford to pay rent, buy groceries, and still afford to pay for a money transmitter license. But you has to the the costs have to come down. You you can't be

39:18Rod Palmer this is what I mean by there's gotta be exceptions, something. Subsidized MTLs.

39:24Richard Greaser You know, Dennis has worked really hard on campaigning for our right to self custody Bitcoin. And a part of having a right to do something is the right to get a license to do it. Many states, you have to have a license to own or possess or carry a firearm. That's a you know, owning a firearm is constitutionally protected right,

39:47Richard Greaser except in California and New York and a few places. But, you know, those don't count as The United States because they're just blatantly communist. But,

40:00Rod Palmer it's we need to look at it like getting a fishing you know, getting a money transmitter license should be as ridiculous as getting a fishing license. At least with fishing, you can't do it on accident. At least you can't accidentally go put a worm on a hook, cast your, cast your line, you know, snag yourself a bluegill, reel it back in. You can't do that. If they're saying that you can be a money transmitter without even knowing it, but people not even realizing they are like, it's the idea of a license for such a thing is so stupid that it has to be abolished altogether or they have to give them to everybody, I think. Yeah. I mean, should it be like the the secret service where, you know or sorry, selective service when you, turn 18 years old as a man and you have to register,

40:48Richard Greaser for a potential draft?

40:50Rod Palmer Gotta register your note. If you're an 18, you gotta register your note.

40:55Richard Greaser So should there be And No. I mean, I think it'd be fair to restrict people 18 years old. And I know libertarians will get upset about this because they want to argue the age of consent, but to restrict people from being able to run nodes until they're 18 so they can consent to rape.

41:19Richard Greaser Does that make sense?

41:20Rod Palmer Yeah. Well, the other thing that I this brings to question for me is, you know, this is a very big topic in, legacy politics, legacy elections.

41:34Rod Palmer Should you have to show your ID to vote voter ID, right? Should if if we say, oh, whether you run a node or whether you're on an economic node that used to still have, you know, secret ballot. We we don't ask you if you're running knots or if you're running core, but should you have the KYC to be able to be an economic node with a vote on the network? Should you have to identify, hey. This is Rod Palmer's,

42:02Rod Palmer Rod Palmer's node. I'll be relaying transactions and fees according to my values, from this location. But when it comes to deciding on, bits and,

42:15Rod Palmer hard forks and soft forks, my vote will be cast from this node, from this, from this identity, you know, this is by KYC. Should that be a requirement? Should you have to KYC to vote?

42:30Richard Greaser Well, I know people are split on this. You know, a lot of people on the right believe that you should. They they believe fundamentally in KYC being a pillar of our democracy. Now, a lot of people on the left believe that KYC is racist because they think black people are too retarded to KYC.

42:50Richard Greaser And so I I don't know what my I'm not a huge fan of KYC, but it's I I it's not because I think black people are too retarded to do it. But it is Yeah. Yeah. I mean, you don't need to be KYC to participate

43:09Rod Palmer in the network. You just need KYC to vote for your vote to matter, for your participation to matter.

43:18Richard Greaser Yeah. I I think the right generally was speaking be in favor of KYC ing your node because running a node is essentially voting in the eyes of many, many people.

43:34Richard Greaser Right? Like, Dennis very clearly put it out there this week. He said that, he's making fun of Shinobi because he he was saying that running a node essentially lets you impact Bitcoin policy. It's like

43:52Richard Greaser I I don't know if he's likening it to voting or he's likening it to lobbying. But either way, you're engaging in the political process. And if you're gauging in the political process, it makes sense to KYC. It's like For example, when you go to Bitcoin conferences and you have all these politicians there, the Secret Service will be there and they're KYC ing all the speakers at the conference. Right? So all the people that are that are wearing masks and trying to protect their image, like, they're having a KYC with the with the Secret Service. Like, if if the federal government

44:27Richard Greaser if these politicians start running Bitcoin nodes and you're interacting with their nodes, it would make sense for the the secret service to to screen you. Does that make sense?

44:37Rod Palmer Yeah. Right. Here's the I mean, I was gonna say, this is kind of the dichotomy that I think some people sense is being built, right? You've got a very compliant high, high level of user experience, you know, side of the network. You've got, big paper Bitcoin,

45:03Rod Palmer and you've got custodial lightning. You got some of these enterprise level KYC compliant. And then you don't have to participate that you can you can operate out in the more independent, decentralized value for value autonomy. But what Dennis Porter's also doing is he has proposed to the, the treasury secretary

45:27Rod Palmer And he's been an advocate for bills in the state of Arizona and other other places where, they they create a state or a, strategic Bitcoin reserve at the state or or federal level. And they it is birthed as a tool, to provide wealth to the country and to the share into the the the voters, the network. But it is built upon a foundation of basically

45:55Rod Palmer confiscating Bitcoin and other digital assets from particularly what they call abandoned or non KYC Bitcoin.

46:06Rod Palmer So if your node or your wallet, you know, is outside of this system and you cross paths with a fed, you open a lightning channel with a fed, you somehow get ensnared, where your funds,

46:25Rod Palmer might be at risk or be vulnerable because you try to use an exchange or something, etcetera, whatever. It might be vulnerable because you're not KYC'd, so it is now taken by the con by the state, added to the strategic Bitcoin reserve.

46:42Rod Palmer And that growing value is seen by the society. It's like, oh, like, this is good. It is a good thing that we started taking Bitcoin away from non KYC nodes, nodes that don't wanna participate in our network, nodes that don't wanna show their ID so they can vote on the next, you know, pull requests on Bitcoin Core. And in the that's just a situation you you have to be cognizant of, and we have to avoid if if we are going to celebrate a strategic Bitcoin reserve built upon confiscating

47:14Rod Palmer non KYC coins, then there are second order of consequences to that that you should be aware of.

47:24Richard Greaser Yeah. But, you know, people need to just accept they're living in a democracy, they're living in a society, and that not playing by the rules because the rules are fake and gay is antisocial. And that you just have to you have to blindly accept

47:41Richard Greaser whatever, the policy makers said into law as being the case. And, you know, this this budget neutral proposal or idea of, stealing people's funds in order to,

47:54Richard Greaser you know, fund the strategic Bitcoin reserve, is it it's an interesting one for a variety of reasons. Like, one of the things we know is that sanctions work. In warfare, you know, the the Western allies realized this in World War II. In warfare, one of the ways that you win

48:12Richard Greaser is by terrorizing the enemy population. Like, you just beat them into absolute submission. You just pummel them. They're like, this is what, the Israelis are trying to do with Gaza right now with their population. They're trying to put pressure on their population

48:29Richard Greaser in order to to get them to flush out Hamas. This is what essentially sanctions are in other countries. When when a government sanctions another country, it's not about hurting, the leaders of the country. It's about terrorizing and destroying, the population, the local population.

48:52Richard Greaser So sanctions work and terrorism works. And there's a lot of ways that the US government can get creative in stealing funds. I know on last week's episode, we were talking about them going after the cartel's Bitcoin wallets. That'd be a great way that'd be a great budget neutral opportunity to boost the strategic reserve, in my opinion.

49:16Kailey Welch Matthew (3zero 30:

49:17Rod Palmer Yeah. That is exactly correct. So if you decide that you want to not KYC your node, not be an economic node, that is, that is your choice and, like, you can have a really fulfilling life.

49:36Rod Palmer But do you run the risk, as being flagged or identified by the government as a a terrorist wallet? If your wallet if your hardware wallet, if your seed signer, you know, your cold card gets flagged as a as a terrorist wallet, you are gonna have you're gonna have problems. It's gonna be harder for you to not be grumpy.

50:01Rod Palmer It's gonna be harder for you to live your life. It's gonna be harder for you to survive. But that's what you signed up for. I mean, so that being a pioneer, you know, that can depending on your risk tolerance, be part of, the experience. But

50:16Rod Palmer if you want if you're going to run the risk of being a terrorist wallet, I I would say only risk it if you're if you're proud to be a terrorist wallet. If you're not proud to be a terrorist wallet,

50:30Richard Greaser it's it's it's just probably a terrible user experience. Well, one of the things I wanted to talk about before we go into the found boost is, there's been this new trend on, Gnoster. So, you know, people are tweeting about how Gnoster's dead. It's just like I think a thing we'll be plagued with for a while is, people that are on Oster complaining that Oster's dead. I can confirm it's not because I've been over there, zapping people. But,

51:03Richard Greaser what what are your thoughts on this new trend? So do you pronounce it there's been some, debate on how it's properly pronounced. Is it a vlog or is it a vlog?

51:15Rod Palmer It's a vlog. I I think it's interesting. I think this is, a great, you know, trend. I mentioned on previous podcasts, that I think that we have to understand that the Nostra crowd, broadly speaking, is a little bit older. It's it's Gen X, some boomers on there, maybe some older millennials,

51:38Rod Palmer but it's it's people with a they're a little bit more disconnected from the current trends on social media. But all of them are old enough to remember vlogs. Vlogs were really popular. I mean, they started in the nineties. I I you haven't heard too many people use the term since, president Obama was in office, but, it's it's it's good. It's people remember what those are, and they like to participate, and they think, and now,

52:04Rod Palmer they're on Nostril. Like, it's a great time for them to do the vlogs that they wish they would have done when they were younger, that they wish they had the community to share it with when they were younger. So there's just a lot of, like, you know, a lot of generic generation x blogs vlogs. Excuse me. So it's interesting. It's going it's it's popular.

52:24Richard Greaser Do you think the reason why Marty Marty calls it a v log is because he spends too many time, interviewing stupid boomers like, Tom Luongo and he's getting his wires crossed?

52:38Rod Palmer Yeah. I think that's that's that's definitely a big case. It's like, guys guys that are talking to boomer macro, they're they're gonna have some hiccups here. It's gonna be a little bit cringe, so to speak. But Bob, what I wanted to say was, like, what I think the real value here is a vlog is a really good way to say good morning.

52:60Rod Palmer And people on Nostril love to tell each other good morning. So I think, like, vlogs of of of Nostril users, they don't have to ask permission. They're just gonna post, you know, to tell you good morning. And it's gonna be cool. It's a cool way to say good morning. Interesting.

53:18Richard Greaser It's a revolutionary way. It's a decentralized way to say good morning.

53:23Rod Palmer Here's the other thing, though. What you post on Noster, the the the things you talk about on your vlogs, your predictions, your takes, your insults, your libel, your slander, it's forever, potentially.

53:41Rod Palmer So remember that this is one of the big reasons predator does not use nostril and has never, even when he was kind of fed up with Twitter, he just couldn't really make the jump over here. There's a lot of reasons, but a big one is you have to ask permission to delete your posts. And nobody has to do the relayed

54:01Rod Palmer operators. Don't have to grant that, and and pleader likes to delete a lot of posts. He like, he gets a lot of predictions wrong or he misunderstands things that he, so he, he might, you know, if you have a tendency to say stuff that you might, well, let your wife or your boss to see someday, on your Nostril vlogs, Remember, you might they're out forever. Absolutely.

54:25Richard Greaser Yeah. So it's it's a permission platform because you need to ask for permission to delete your post. Everything has trade offs. Everything has trade off, folks. I guess that's one of the lessons here. Is it good? Is it bad? I guess it depends on your situation. If you're like predator and you wanna walk back, a lot of things that you the grumpy things that you say by deleting, your post, Nostra's probably not the best platform for it. Well, be before we get into the boost, so we're putting out some paid content, because we're trying to earn money to

55:00Richard Greaser be able to spend more on production stuff. I put out a episode, last week asking the question, was Jesus a Masade agent? So you can check that out on, Fountain and Unlock It there for a dollar or subscribe to us for $10 a month and get access to all the content that we're gonna be doing. I'm gonna be putting out probably roughly the same time that, this show drops and and you're hearing this, so you'll have access to

55:31Richard Greaser I'm gonna narrate and talk about the most recent article I had published in the physical print Bitcoin magazine, the lightning edition. Came out spectacular. I'm really stoked about it, so I'm excited to get into that. We also are digging up some old stuff. So I recorded

55:54Richard Greaser the job interview with, Rod Palmer when I we're we're going through the hiring process right now. So I have the first job interview, that we'll be publishing probably later this week at some point. But, yeah, check it check it out, folks. I think there's going to be a lot of really good content here, that you're going to want to hear.

56:17Rod Palmer Yeah. Yeah. I'm super stoked that you were able to recover the data on your old typewriter, and then we found the, the podcast audio of my interview and some of the other views you had a couple years ago. And,

56:35Rod Palmer when we were building the bugle, when we started building the bugle.

56:39Richard Greaser Yeah. I'll I'll probably be dripping those out. I'll I'll, publish the interview that Ron and I did with Kaylee, that I did with Maggie. We'll have some more stuff. I'm also talking with some other people about some exclusive shows, but I'm excited. I'm I'm also started working on the next special investigation episode. I think this is gonna be a fun

57:08Richard Greaser series that I look forward to continuing with. But check it out, folks. Subscribe on Fountain. If you do, I appreciate it. So I think one thing that we should do every week, Rod, is we should thank our supporters that

57:28Richard Greaser have subscribed to the Bee Weekly. We've got four right now. We've got Shadrach, Open Mic, Avi Burra, and Dave, Southside.

57:42Rod Palmer Oh, yeah. That's, that is kinda who is to core supporters of the show. And I think is the content that we put out comes out. I think you're, you'll be let's see more interest,

57:59Rod Palmer in this because it's gonna be good shit.

58:03Richard Greaser It's gonna be some really good shit. But, yeah, getting into the found boost. I I mean, do you have anything else, before we get into, the found boost?

58:12Rod Palmer No. No. No. I think I'm ready to to to see what people had to say this week. I haven't, looked at the boost yet, so this is my first glance.

58:24Richard Greaser I was texting, or talking to Fountain about fixing the booster. Hopefully, they did that. We had issue last week with them showing up properly. So if you ever have us, miss a boost for some reason, it it it's likely due to,

58:43Richard Greaser bad UX and not necessarily, us being dickheads and not reading it. So just let me know, and, we'll correct that. But, the last episode

58:53Rod Palmer Yeah. Was back in the back in the saddle podcasting again, episode 71. So we had just gotten, this was our first podcast back from Lake Satoshi. And if you, if you listen forty hours per week, you know, that the, the Lake Satoshi episode, has, has there's a lot of those lately. So obviously it was a good time.

59:18Rod Palmer And we talked about what else did we talk about? I don't really remember. I guess we can, we

59:23Richard Greaser I get the first boost reminded me of a topic that, we talked about, late stage HODL 5,000 sats. It's a first on my, my typewriter. Lacey Toddle says, holy shit. If Long John Silver started frying in beef tallow, a whole bowl of these little pieces of crispy fried batter would be so much better than a Marlboro red. Wait. Oh, better with a Marlboro red and not a cedar oil coating. I remember sitting in the nonsmoking section of Waffle House back in the day as a kid, getting my first taste of nicotine from the table directly behind me. What a time the nineties were.

1:00:01Richard Greaser Yeah. The nineties were great. I mean, this this is a topic that we talked about, Rod. We were talking about at the end of the show, which

1:00:11Rod Palmer Oh, yeah. They Rust? Yeah. With Transcrant, was gonna bring back

1:00:17Richard Greaser smoking inside as, like a a game changer. I just looked up a picture of Long John Silver. So it's it it's more of, like, a a KFC fast food restaurant. In my head, I was thinking it was, like, because I've never been there. Yeah. It's it's just it's, like, it's fry it's just fried fish. Fried fish, fries, and, the coleslaw. Ouch puppies. Yeah. We'll see if this is a trend of, more restaurants using beef tallow.

1:00:42Rod Palmer Tell me though.

1:00:44Richard Greaser Cows are cows are cool again. Beef's cool again. For a while, cows were bad for the environment. I mean, this is just like the, the ebbs and flows of the, the mainstream MPC, version of PodConf

1:00:60Richard Greaser is, one thing will be bad one minute and then good the next minute. It just kinda oscillates back back and forth. I'd I'm sure that, beef tallow will be considered bad for you in a few years, and, it'll be back to make America eat seed oils again. Won't be one of the campaigns.

1:01:19Rod Palmer Yeah. Some broccoli haircut. It's the orange piddle. It's gonna figure out a way to, get us you know, pay back millennials and gen x for, making his whole life beef tallow. But the next one, next boost, 5,420 subs from another guy we talked about last week, Otis Bittmeyer, the guy who makes sound coffee, some of the best coffee. I'm still drinking it. Had some today. Now

1:01:47Rod Palmer he says that intro really nails the vibe. And I wanna go back to the intro here in a second, but what I wanted to comment about Otis was, do you think he, you've he seems like he's got he's a very well grounded, very thermodynamically sound,

1:02:05Rod Palmer in tune with, you know, the value for value lifestyle. Makes me think he do you think his wife makes his bed for him on that, that bus, the school bus they live in?

1:02:15Richard Greaser Yeah. Jubilee definitely makes his bed for him. She's a she seems like she's a great wife. She's awesome. She she went on his Bitcoin podcast. She had interesting things to say. It was fun listening to her. It was fun talking to her a bit in person. She's a very committed mother. Very you can tell that she's very invested in her kids. She's definitely

1:02:41Richard Greaser you could see the dynamics. There was some cool chemistry between Otis and, Jubilee. It seems like she is definitely the type of wife that would make his bed for him.

1:02:53Rod Palmer Yeah. It seems Jubilee is great. She seems like she has bought in and is, fully fully vested in living the, the big the Bitcoin podcast lifestyle, the Bitcoin podcaster life, the, you know, being the going Tampa with the ungodly Misfits, but they

1:03:11Rod Palmer podcasting anywhere, traveling around. Cool, really cool place to live. It's just it's a cool life. It's, it's a good model, honestly.

1:03:25Richard Greaser It is a very cool model. Well, yeah. We're, planning on Otis or sorry, interviewing Otis here pretty soon. So I think that's gonna be a pretty good show, having him on. And, I'm looking forward to that. The the next boost

1:03:44Richard Greaser from Ludy 250¢ says, oh, no. I figured you were just a pussy. Crying emoji, smiling emoji, smiling emoji. That was in reference to, what Otis said to me when he offered me cream and sugar,

1:03:60Richard Greaser for anybody that's wondering. So to reiterate the story for people that didn't hear it on last week's show, so Otis, asked if I want a cream or sugar in my coffee. I I looked at him concerned. I asked him if it was really that bad. He said, no. I just figured you're a pussy. So he was just talking shit, being an asshole. When you have coffee that good, you you can be an asshole to your customers. You know what I mean? Right. You're right. People people they like to to,

1:04:31Rod Palmer you know, associate a rude, entitled, blue hair, you know, liberal arts student from Portland as like being rude to them serving them Starbucks coffee because, you know, there's just no

1:04:46Rod Palmer there's just no reason for you to be so smug. But when you actually you actually sell coffee yourself, like, Otis Bittmeyer, that's as good as it is. You don't have to suffer fools. You don't have to put up with, Bitcoin podcasters who might be trolling you about your product. Like, you're proud of it. Like, that's our he he just has that aura. Absolutely.

1:05:10Rod Palmer The, the next one's 500 tabs from mister rabbit. I don't know if if you wanna scroll down, but says good morning. So, this was coming in, I assume from Noster. It'll be cool if,

1:05:25Rod Palmer fountain lets lets people post blogs, as their found boosts, it'd be great to get some vlog replies or from vlog found boost.

1:05:38Richard Greaser That would be great. Do you have any ideas? I'd I'm gonna try and do some, vlogs this week. You got any, good topics for me to vlog about?

1:05:49Rod Palmer I you know, there's a lot of topics that You could imitate American HODL. You could do what, you know, you could do some, like, some stuff smoking cigarettes. I mean, smoking a cigarette's a good time to do a vlog. So

1:06:05Rod Palmer do your smoke pit session, the smoke pit, vlog style. That'd be cool.

1:06:13Richard Greaser You know, it's a very, like, common one I've never understood that people like to do, which doesn't make any sense. Why do so many people do videos in their cars?

1:06:23Rod Palmer They're just sitting in their car doing a video. Yeah. Being in your being in your car is you should be listening to Bitcoin podcasts, probably not vlogging.

1:06:34Richard Greaser If somebody I I I was posting around with somebody on Noster. We had a little back and forth. They say they don't listen to Bitcoin podcasts when they're driving. I think it's on unsafe to not be listening to Bitcoin podcasts when you're driving. Yeah.

1:06:52Rod Palmer Yeah. Yeah. I mean That's Otis, Ludy, Mr. Rabbit,

1:06:55Richard Greaser Next Boost, 5,000 SaaS, late stage HODL again says, so glad I was able to share some non KYC SIGs with the Bugle Boys. I won't dox which one of them was smoking KYC vapes. I was concerned after not seeing a podcast confirmed on my fountain node for over a week. I wish you all had been recording during Lake Satoshi or maybe you were. If so, then I guess I consented to it. It was a pleasure to meet you both. I think I think

1:07:23Rod Palmer the late stage model and and, you know, he had had a few Bud Lights. I think he mistaked a vapor for one of the for one of us. But, you know, that's partly Stoshi. We weren't recording.

1:07:38Richard Greaser Okay. So here's something that's really, really interesting that I think people should be aware of is how easy it is to put cameras and recording devices and things these days. So almost every, like, interaction that you're having with somebody at a meetup or something could be recorded conversation. I mean, you assume, like, everybody's got their phone in them. We already know the NSA is listening to to all of our private Bitcoin podcasts around the campfire at Lake Satoshi.

1:08:10Richard Greaser But, you know, like, they have those those cameras and the meta glasses now. Have you seen those?

1:08:17Rod Palmer Yep. Yep. There's gonna be a lot more people wearing for a nose recording everything they do. Every time you see somebody in public with sunglasses, I mean, shoot, you don't need sunglasses. They might, but didn't, we can use some people to add some like cool sunglasses that actually made it. So like a camera wouldn't, be able to record your face.

1:08:39Rod Palmer You might need one of those. Yeah.

1:08:41Richard Greaser Yeah. They're called reflecticles.

1:08:43Rod Palmer We should probably figure out how to source some of those so we could sell them.

1:08:49Richard Greaser It'd be pretty wild if you could do something with your voice like that in a way that

1:08:56Rod Palmer Yeah. Yeah.

1:08:57Richard Greaser I don't know. There's gotta be creative solutions to all of these. Like, the Reflecticals, I don't know if they work or not. I've seen demonstrations of it where they'll, like, have a phone with, with facial recognition to open it, and they'll put on the reflecticles, and it won't work.

1:09:16Richard Greaser And so that that's kind of what they use as evidence of them working.

1:09:20Rod Palmer Well, I've, you know, I heard somebody is working on my key, you know, the it's like the app, where you play, you push the button and you put it up. If there's like a song playing in public and it'll tell you what the song is and who the, who the artist is behind it. They're gonna be able to Shazam, right? Like they're gonna have, like, if you're in public and you think you hear a Bitcoin podcaster, just a podcaster

1:09:48Rod Palmer talking, you could press this button and it'll tell you which podcasters in your vicinity. And it'll also try to verify by connecting, Bluetooth, if there's a bit chat nearby. So, you know, that could just be used for people who wanna get your autograph, hang out with a Bitcoin podcaster, or that could be used by,

1:10:06Richard Greaser the deep state, like, or an intelligence asset or a cop. Yeah. One of the things that's interesting so, like, there's people out there with very distinct voices. Like, Shinobi is an example of this. Like, Shinobi cares about his OPSEC, but he's in a public place and he's talking. Everybody's heard him yell and call people retards on Twitter spaces. So he's pretty easily recognizable through his voice like that in person.

1:10:33Rod Palmer Yeah. And he's he's probably not very often in the EU. Do you see a person who's, like, pretty tall in a me see costume on the subway or whatever they call it in Chicago, you know, or anywhere else. And if you see a me seeks, you know, six foot tall me seeks and it sounds like shinobi from spaces, you probably don't need the app, but not everybody is as obvious as it is, Shinobi

1:10:58Rod Palmer might be, might be thinking, oh, is that Harry Suddock? That deep, sexy voice that sounds like Harry Suddock. It might be him.

1:11:09Richard Greaser You know, Harry Suddock's voice in person is just as impressive as when you're hearing him on a podcast.

1:11:16Rod Palmer People smoke a lot of Marlboro Reds trying to get that voice. Thanks again, late stage huddle.

1:11:21Richard Greaser Turkey, 500 sats. No comment. Thank you, Turkey. Open mic, 7,777 sats says, Beagle Mile High Club to start the day off right.

1:11:36Rod Palmer There's an early good morning.

1:11:39Richard Greaser I haven't I haven't been flying on airplanes very much recently. And, so I haven't been participating in the Mile High Club for for any podcast, but I have been traveling just with, with different methods.

1:11:56Rod Palmer Oh, yeah. I was I I drove to the Midwest, drove to Lake Satoshi. Let's do a lot of podcasts. It was good.

1:12:05Richard Greaser I wonder. It'd be really fun at some point to do a road trip across the country in, like, an Amish, carton buggy or get a covered wagon. Do do a cross country,

1:12:21Richard Greaser trip with a covered wagon.

1:12:23Rod Palmer Instead of the Oregon Trail, the Orange Pill Trail. The Orange Trail.

1:12:29Richard Greaser Wait. What was that guy's name? Was it like Sid who who rode the motorcycle around the country, turned to Orange Pill? Yeah. We do the same

1:12:36Kailey Welch thing with yeah. We should do the same thing with covered wagons.

1:12:40Rod Palmer Maybe maybe Yeah. The bits is is the pioneer tour. Pioneer tour in the in the wagon.

1:12:46Richard Greaser You know who'd probably do this is Shadrach. I bet Shadrach would do this.

1:12:52Rod Palmer Yeah. We do Shadrach, the Bugle, you know. We'll figure it out. We'll do the we'll do the Pioneer tour. You know, I we're probably too late to do it this summer. But, yeah. That'd be that'd be awesome.

1:13:06Richard Greaser Well, if you if you ever listen to anything that Shandrak's talking on, he's always talked about his team. So he's got a team working with him. He's got other people.

1:13:15Rod Palmer And, He surrounds himself with pioneers. Yeah. He's got a team of pioneers.

1:13:19Richard Greaser Yeah. And I'm pretty sure two of the people on his team are named, Meshach and Abednego. So you got Shadrach, Meshach and Abednego doing the orange pill cover wagon tour across The US. Now,

1:13:36Richard Greaser what what do you think the motorcycle riders at Sturgis would think if you showed up with a covered wagon? Would they be welcoming or would they try and kick you out for not having a motorcycle?

1:13:51Rod Palmer That's a good question. I, I, it would be interesting to go up there and see if we could pass their purity test. Do you, do you run a hog? And you know, maybe, maybe they'd be open minded enough to sit around a fire and record Bitcoin thought, Jess, with us, even if they didn't trust us right away.

1:14:13Richard Greaser Horses horses were the, original motorcycle.

1:14:18Rod Palmer Right? That's true. That's true. It would be, I think you have to actually ride the horse though, to be kind of respected or grandfathered in as a horse rider. I don't, I think that they probably don't.

1:14:34Rod Palmer Your wife could ride in the horse pulled wagon. Like, you know, like sometimes the wife rides in the side car, but I think you'd have to be the horse rider to get their respect. Maybe we can, we could, maybe we could maybe bring Baba with us and Baba could kind of be our, liaison to the, you know, to the guys living in the hog life, the easy riders at Sturgis. He vouch for us, I guess

1:15:01Rod Palmer he's like these guys, he'll appreciate this too. These guys are Bitcoin plotcasters, but they know how to talk about stuff other than Bitcoin. Thank God.

1:15:14Richard Greaser Baba is quickly becoming one of my favorite people,

1:15:18Rod Palmer persons. Yeah. Yeah. I think everybody should check out his podcast, with, he's got a co host. I don't know much about her yet. She is, you know, she's just like Bubba or at least she's she's not just like Bubba, but she knows how to take Bubba's, personality

1:15:37Rod Palmer and, really get the best out of them. So check it out to you. Angry Cunts is the name of their podcast. The first episode that I listened to got right to business talking about big titties, boobs. It was great.

1:15:50Richard Greaser All tits matter. Yeah. She, she's pretty based. She's good at podcasting.

1:16:00Rod Palmer Yeah. So the speaking of Shadrach, of course, next one is, 4,093 sets. From Shadrach, he says, glad you are back, forty hours per week. Hashtag. Yeah. Shadrach. Thank you for the boost. It was,

1:16:17Rod Palmer it would have been great to see you at Lake Satoshi. That would have been definitely the right vibe for hanging out with Shadrach. But we'll catch you next time

1:16:28Richard Greaser we cross paths. He was really excited about our episode with, Open Mic. He was shooting me some messages about it. He he's like one of those guys that just, like, goes out there and just makes all sorts of things happen. He's a he's a dealer for sure. The true pioneer. Oh. So the last biggest 100 stats from S and B 500, Southside Dave, the b is like a Bitcoin sign says,

1:16:54Richard Greaser thank you, predator mechanic and paper Bitcoin summer for another all time high. Subscribe to the intellectual Silk Road on Fountain and make memes great again. Oh, yeah. We we hit an all time high last week.

1:17:10Rod Palmer That's right. That's right. Yeah. The bull market's not going anywhere. The bull market is still here. It's a little bit, you know, it's about as fun as, you know, a hand job with no tallow for lube. You know? It's not great,

1:17:29Rod Palmer but it's still, you know, it is still a hand job. And sometimes that's a bull market. You know, we are kind of in a new era. A lot we're we're ending a lot more Bitcoin podcasts, a lot more Bitcoin podcasters to really get the volatility

1:17:46Rod Palmer and the excitement per podcaster, that we have in the past. But that is that's a sign of growth. Absolutely is.

1:17:56Richard Greaser Well, you got any, any closing thoughts before we wrap this one up?

1:18:03Rod Palmer Yeah. You know, I'll save it. I'll save that for next week. But, being a nerd runner is, it's more than just a symbol. Being a nerd runner is a lifestyle. It is a,

1:18:20Rod Palmer you gotta be a pioneer to be, you know, you gotta identify as a pioneer to be a node runner. You can't be a pled and still be a node runner because if you still identify as a plan, I just don't know if you're, you gotta upgrade from the umbrella time to buy a start knife. Absolutely.

1:18:36Richard Greaser Well, folks, this is the conclusion of this edition of the Bugle Weekly. Please consider subscribing, to the podcast, get access to exclusive

1:18:50Richard Greaser content, the most thermodynamically sound content. If you think this podcast is great, just wait till you see what's behind our, our paywall. And I'm gonna be doing a music show, Monday night on the eighteenth. So I'm doing that every other week, if you wanna check that out. I'm gonna have some, banger news songs on there. We got we got an original from Bubba,

1:19:16Richard Greaser which I'm pretty excited about. First time we're gonna feature him. But, thanks again, folks. Thank you to all the boosters. Thank you to our subscribers, Avi, Southside Dave, Open Mic. Who's the fourth one? Why am I blanking? Shadrack. Shadrach. And, hope you guys have a good week.

1:19:41Kailey Welch I don't know why the Lord cursed me with the ability

1:19:45Unknown to see.

1:19:47Kailey Welch A world trapped in darkness thinking that it's free.

1:19:53Unknown People walk by with blank expressions like they're in a dream,

1:19:58Kailey Welch but I can't join them because I've seen things I can't unsee.

1:20:10Unknown I beg the Lord to take away the weight on my soul. I beg him to give me peace and let me feel like I'm in control. But no matter what I do, I can't shake the image from my head. The only path I can walk is to face the right I wandered

1:20:40Unknown through the desert till I found out who I am. I learned everything I once believed was a vicious scam. The journey taught me to listen and to let go of regret. Now I'm in paradise, chain smoking cigarettes.

1:21:14Unknown The future looks bleak, but I cannot accept defeat. Getting backed into a corner with nowhere to retreat. The spiders spin their webs in order to trap those who resist. Yet I choose to walk forward

1:21:35Unknown into their midst. When I finally die, I know I will have lived well With a clean conscience that I refuse to sell. The rules of the game are grotesque and insane.

1:21:60Unknown But if I do nothing, I would be the one to blame I can't pretend to know how this story ends But I don't have to walk alone because I'm with friends The journey is a hard one, but it's the only one I know The opportunities before me are ones that I won't forgo.

1:22:38Unknown I don't know why the Lord cursed me with the ability to see. A world trapped in darkness thinking that it's free People walk by with blank stares like they're in a dream But I can't join them because I've seen

1:23:00Unknown things I can't unsee.