"They Created Bitcoin!"- Professor Jiang... Here's the Truth | EP 1484

It wouldn't be a true Bitcoin bare market without another expert claiming that they know the that Bitcoin was created by the CIA. Well, we got a new clip of Professor Jiang and he's been one of the most popular people on the internet in 2026 and he's making some interesting allegations about Bitcoin. So, let's watch the clip. I actually clipped up the whole five minute clip into two clips. I'll play the first part and then as the conversation goes I'll probably play the second part. But here's the first part. >> Who do you think is Satoshi Nakamoto? >> Well, I mean they say that it translates into central intelligence and um the story makes no sense, right? Because why would you spend years, possibly decades in your basement creating a new technology, the blockchain technology and then just give it for free to the world and right that makes no sense. >> It does sound a little ridiculous. >> It sounds kind of ridiculous, right? So then you have to ask yourself three questions. First of all is who would have the technology and the expertise to create something like the blockchain. Second of all, you have to ask who would benefit from this blockchain creation. The third question you want to ask is why would they keep it secret? Okay. And when you do game theory analysis, you look at all possibilities, you end up with a deep state, the American deep state. You end up with a CIA. Okay? So the first question, who would have the expertise and the technology to create the blockchain? Probably the same people who created the internet probably the same people who created GPS, DARPA, NSA, CIA, probably these guys, right? If they got the internet, uh, blockchain, it's it's just more of an enclosed model of the internet, right? where where where the internet is open but the blockchain is actually closed up to certain members but everything is transparent within the blockchain right so um that's the first question second question is who would benefit from blockchain well the CIA because of two things one is surveillance where they're able to monitor everything right it's it's almost like a Trojan horse if you were to use blockchain second is like the CIA it does a lot of black ops it it is a within a within a government, right? It is basically outside of all um political control, but it needs a mechanism to finance it operations. It basically needs a mining operation and block blockchain is is a great mechanism to finance a lot of a lot of of of its operations, especially drug trafficking. Okay. Third question is why would they keep it secret? And the answer is only if people believe that this was transparent, open and uh um beyond authority, beyond political control, what does it have value? Right? So the moment people people recognize that this is a CIA operation, people won't put their money into blockchain. People won't put their money into Bitcoin. They'll they'll be like I mean uh why would I do that? You have to ask yourself this question. Where are the blockchain servers located? Right? Because I imagine if you're able to control the hardware, you can also control the software. I don't care what they tell tell me about open source and all that. I want to know where the databases are, where the servers are physically. All right, guys. Look, I'm I'm going to try to be nice here. All right, I'm going to try to be nice about it. But off rip, my initial reaction is this is midwit level analysis of Bitcoin. And for someone that calls himself a professor, you'd think he would at least research Bitcoin a little bit. This is like normier first level thinking on Bitcoin in my opinion. You know, the first part like Satoshi Nakamoto translates to intelligence. We we've all heard that before, I think, if you've been in Bitcoin for a long time. This is usually the initial FUD lines that you hear. It's like, oh, it directly translate to central intelligence, and therefore that's why the CIA or NSA created Bitcoin. And you're like, okay, whatever, dude. Like, all right, cool. Uh, I don't know Japanese. I can't translate this, so I'll take your word for that. Now, I know a lot of people before I go even further are going to listen to my breakdown of this and probably say, "Oh, there wasn't that much depth in the rebuttal." But I would argue that there's not that much depth in in the actual analysis here. Like, this is this if this stops you from buying Bitcoin, I I really believe there's no help for you. Okay, that that's my first takeway. Before we even get into some of the stuff he was saying, maybe we should look into who Professor Ciang is. Quote, you know, Professor Jen. So, I just went on his Wikipedia. I I really don't know too much about Professor Jiang. All I do know is, and maybe this is why I'm going to be a little vindictive on this show, is one of my really good friends. He's a huge Professor Jiang guy, and he's been trying to have me watch predictive history for months. you know, he's like, "Go watch the 70 episodes of Professor Jiang. They're an hour each." I'm like, "Bro, there's no way I'm going to sit there and watch 70 hours of this guy. Like, you're you're tripping. Just give me like the TLDDR. Just give me the short of this." And I I just can't get into him. Okay. I don't know what it was personally. Again, maybe this is my bias, but I I just can't really get into Professor Jiang. There was something about him that I just I didn't resonate with. Okay. I I can't explain it. I just I just didn't like the guy's content. Now, I don't know. I feel a little bit vindicated on on this side of this clip because I'm like, look, from our perspective as a Bitcoiner, Bitcoin is a filter. It is. And I don't want to necessarily say an IQ test because he's probably he probably has a relatively high IQ, but as we always say, it is kind of an IQ test. If you look at Bitcoin and you come to these conclusions, then it really boils down to a couple of things. Either you haven't really looked into Bitcoin realistically. You haven't actually looked into Bitcoin with an open mind and you kind of already made your mind about Bitcoin and therefore this is where all these conclusions come from. Or the harsher truth, maybe you're not as smart as you claim to be. That's usually how I view it. It's like if I can understand it, you could say maybe you're dumb and that's why you fell for it or it's just like do a little bit of research, bro. So, it really seems like he's done 10 minutes of research on this. But anyways, let's go in. So, I'm over here on his Wikipedia and I think here is where we really start to maybe understand who Professor Jiang is. So in 2001, Jiang was contracted to conduct an undercover US-funded PBS documentary about the labor movement in China. While filming one such protest in the king de I sorry guys, Jiang was arrested and detained for 2 days before he was deported from China on June 5th of 2002. A friend claimed that he was accused of quote making illegal video recordings and suspected of spying. No charges were filed. In 2003, Cienang was allowed by Chinese officials to return to China, where he decided to abandon freelance journalism and pursue educational reform instead at a quote highprofile schools. In 2008, Jiang initiated educational reforms at Shenzhen Middle School in a push for a more liberal system of learning how focus on creativity. He has described himself as being the first person in China to initiate such reforms. Now, apparently he is a history and philosophy teacher at Moonshot Academy in Beijing. So, hey, look, it does look on the surface level, if you if you read this a little bit, it looks like he maybe studied at Yale, maybe did a little six-mon stint at high school, pecking university in Beijing. So, maybe professor, at least in our context, is a bit of a stretch. When we think of a professor, we think of someone that teaches at a university, not necessarily a high school or middle school teacher. Maybe that's the first thing. Now, in this context, I think looking at Professor Jiang's rise is kind of important to look at. And actually, Sophie said something very interesting this morning. And she was a basically drawing the parallels between what we saw with Jordan Peterson. Jordan Peterson again also he is was living in Canada. He's a Canadian Chinese uh if you look at if you look at his Wikipedia and anyways the only reason I'm bringing these these connections Jordan Peterson is Canadian. He was a professor. He got very big at doing these lectures in his college courses that went absolutely viral on YouTube and the internet. And in recent times, you know, Jordan Peterson has had a little bit of health issues. Oh, that's, you know, we're not we're not here to kick someone while they're down, etc. But Jordan Peterson was the model, I think, for Professor Jiang to have the rise that he currently had. Not only is he Canadian, but he literally does a similar format where it seems like he's making content in a college class. And who knows if he's actually even talking in the class and he's talking to students or is he just, you know, doing this grift of him and again I'm only being a little vindictive because my friend loves him and now I'm like I'm vindicated at least from a a biased Bitcoin perspective. but he does these classes or these lectures that went absolutely viral. He's been clipped up. He's got a lot of social media presence now and everyone knows him as Professor Jen. But I've always had this view and I know this is another Bitcoin hater, Nasim Talib, but I really like his intellectual yet idiot framing. I think it's such a good rhetorical tool, a good mimemetic tool in our tool bag that when you hear a lot of people talk, sometimes they sound very intellectual. They sound very smart and then they get to a subject matter that might be outside of their lane and yet they still pontificate on it and you realize, wait, maybe they're not as smart as they claim to be, as their persona is. And I think this is one of those scenarios. Now, I know for people that are Professor Jiang fans, they're probably like, "I don't really care what a Bitcoiner thinks about Professor Jiang. Obviously, they're going to cope to try to protect their bags and the CIA created Bitcoin." And you're like, "Okay, sure, man. I if that's what stops you in the big 26 from buying Bitcoin is the idea that has been wholly been debunked in the last 17 years on Bitcoin, that Bitcoin isn't created by the CIA." And remember, we saw Tucker Carlson say something similar a few months ago that went absolutely viral. And yet here we are. This is constantly what you hear in bare markets. This is constantly what you hear in Bitcoin in general when it comes to the fear, uncertainty, and doubt of Bitcoin is this idea that the intelligence agencies has created Bitcoin. And this is why you should stay away from it because it's going to control you. because they're trying to psy you into buying into a system that's supposed to free you, but in actuality is a system that's going to control you. Now, that is a very real fear. That is a very real concern for a lot of Bitcoiners, very hardcore Bitcoiners, where we're all wondering, not necessarily is it created by intelligence agencies, but further are we creating our own gilded cage here? Are we creating our own golden handcuffs here? And yet some of the smartest people that have I've ever met are literally working every single day of every single or every single minute of every single day to ensure that Bitcoin is the freedom protocol that we think it is. Now, there is one interesting point of that clip that I do want to hit on specifically. Obviously, the first part, we've all heard this before. Who has the tools to actually create Bitcoin? Well, it's probably the same people that created the internet. And the internet came out of DARPA. So the intelligence agencies created the internet and you're like okay cool but like at a certain point it grew out of that and now we all use the the internet. Are people out here seriously saying hey I'm not going to use the internet because the CIA created it. That literally makes no sense when you put it in that context. It absolutely makes no sense. So, we're not even going to talk about that one because even if you're steel manning this this idea, at least in my mind, it could have come out of intelligence groups, it the theory that I like the best is, you know, CIA and say white hat uh you know, good people to put it nicely maybe worked on Bitcoin and then they let it go free onto the internet because they realized it would help humanity. Now, that was one of the concerns that Professor Jiang says, like, why would someone do this for free? Well, I don't know. There there is people out there that don't do everything just for money. There are people out there that do things because they understand that this will fundamentally change the course of history that they see the problems of the world and they're like, you know what? How is this the best way? How can I get this software into the most people's hands? Well, maybe I just distribute it on the internet on a small mailing list and if it catches on, it catches on and people start using it and running the software, then it's not happening from a top down perspective, but a more grassroots uh uh movement. Sorry, I I got distracted. I got distracted from um from the chat. Yeah. Well, that's his name. Professor Jiang. Uh B is it B A. That's his in or social media moniker, Professor Jiang. That's what people watch. Predictive history by Professor Jiang. That's his name. But yes, he is a high school teacher. So, Professor might be a stretch here. And all right, that the the one that really stuck out to me is this idea of the internet being an open system, but Bitcoin being a closed system to those people that use it. It's literally a permissionless decentralized software that means that anyone in the world can run it. So that that point in and of itself doesn't make sense to me. It sounds smart. It sounds like he's saying something that is a, you know, a silver bullet, a kill shot here. But when you look into it, it's like uh Bitcoin is literally an opensource protocol. It is literally open for anyone to use. Now, his very flippant disregard to open source, I think, is one of the biggest tales. If the CIA created Bitcoin, what is the main concern? Not necessarily just that it's a surveillance protocol, but usually at least the second order thinking is, oh, there's probably a back door to this. That's why I don't want to put my money into this because if the NSA or CIA or or CIA or any intelligence operation created this, there must be a backdoor and they're going to hack this system eventually. Well, opensource development is the one thing that makes sure that that's not the case. Bitcoin has been open on the internet for the last 17 years. There's been some of the smartest developers in the world literally combing through the code to make sure that there is no such backdoor that you can read the code that you can see what is happening in the code. Therefore, the code is for like a 99.9% certainty exactly what we think it is. So, I think his flippant disregard of the open- source nature of Bitcoin, I think that's a huge red flag. I think that's a huge tale. Whether he understands what open- source development is or not, the fact that he's like, I don't care. That means nothing to me. It really in my head just highlights that maybe he hasn't done that much research on this. Now, the last point, I'm kind of blanking on what he said on the last point. Um, why' they keep it a secret? That's like the most easily debunked part of this FUD. I don't know. I mean, if you were someone or a group of someone's that were creating a protocol, a new money that was going to literally parallel and compete with the dollar, which is literally backed by the biggest weapon system in the world. It's the world reserve currency. Would you not create this thing in secret? release it anonymously because then there is no head to chop off. If you understand even a little bit of the digital peer-to-peer money history, the creation that rather the attempt to create something like Bitcoin, it has a 30-year track record. And usually when those other old systems, the precursor to Bitcoin failed is because there was someone that can shut it down. There was a centralized authority that shuts this thing down because hey, if you are in control of this, if there is a figurehead, then all you really have to do is put that guy in jail or threaten him to go to jail and then the whole system comes down. Therefore, this was created in secret. Not I wouldn't even say necessarily secret. uh you know the initial or rather the the more broad view of how Bitcoin was created. It was created by a single person. I wouldn't necessarily say that him coding it, you know, at night is him creating it in secret. It's just a dude working on a project and he needed to make sure that the Bitcoin system worked exactly as he thought it was before he released it into the wild. So, you could say it was built in secret, but in reality, at least based on our common understanding of how Bitcoin was created by a single person, it's a guy that wanted to make sure all the bugs were fixed before he released it into the world. But going further, the bigger idea is this is exactly why Bitcoin was created anonymously because now there is no figure ahead. As we've seen in the last couple of weeks, it was on the Wall Street Journal, right, last week where they were making this big noise about who the creator of Bitcoin is, that they finally found Satoshi Nakamoto. And from all of our perspectives, we're like, you guys are wrong. But further, it doesn't matter who created Bitcoin. That is the point of this. You do not want to know who Satoshi is. That is the point. The only thing Satoshi asked after basically if Bitcoin happens and does what we think it's going to do to free the world from fiat slavery is he wanted his privacy. But it is something that's very interesting that when you come to Bitcoin and you're new, you always want to understand who created it because it's like well I don't know who created it. Maybe some bad guy created it and maybe it is a trap, a honey trap, a honeypot and who knows what's going on with the code. And it's like, yeah, I get it. I'm not a big developer. I'm not a coder. I can't really parse through the code, but there's smarter people than I that have. And from all we can tell, the code is what the code is. And that's the point that the code speaks for itself. It's not about the man. It's about what Bitcoin is as a protocol and a network. So look, I think a lot of people think that Professor Jien is one a professor is incredibly smart and that him opining on Bitcoin really had some weight to it. We've seen this happen so many times in Bitcoin and it really makes me think we are living in Groundhog Day. Dude, eternal September is just going to be brutal. We're going to be dealing with all of these FUD lines for I don't even know for a long time. And I think they're always going to kind of show their head again every bare market when the price is down. And I think this is where the real reason for this because I I don't know if you guys saw this as well. I was gonna play this um on the show, but I I don't really need to make the whole episode about FUD busting here. But on the very same day, we saw a clip from John Stewart with Ben McKenzie, who is notoriously a Bitcoin hater, essentially doing the same thing that Professor Jiang is doing. They're trying to scare people away from holding Bitcoin. Now, to me, this is the biggest biggest signal. I think this is what is going on. He asked the question, who benefits the most uh from people using Bitcoin? I want to flip that. Who benefits the most from people not using Bitcoin? I would argue it's the very people that Professor Jiang is pointing as the creators of Bitcoin. The very people that don't want you to use Bitcoin are the very people that control the system as it is. So why are we seeing a lot of this I would argue coordinated FUD, organized FUD around Bitcoin all happening at the same time? Dare I say the P word? I dare I say we are seeing coordinated SCOPS happen in real time and a lot of people with vent vested interest in the system working to scare people away from Bitcoin. Maybe this is my bias showing. Maybe this is my religious cult following of Bitcoin as they talk about in the next clip showing and me protecting the system that I am so invested in that I think will help humanity possibly. But we've been covering this idea for a long time on the show that as we start to progress into the end of this decade. And as we start to see doubts in the fiat system grow and further Bitcoin not only number go up but adoption levels grow, we're going to see even more coordinated FUD attacks on Bitcoin. And we're going to see more people that are trusted that have, you know, either long-term success in social media and entertainment and maybe, you know, again, very suspicious rises on social media come out and say, "Hey, don't touch this Bitcoin thing." We are starting to see that the SCOPs, the coordinated attacks on Bitcoin, the concerted efforts to push people away from Bitcoin start to accelerate. It's starting to grow. And I think this might be the biggest signal out of all of this. Again, this is a Bitcoin show. I am a Bitcoiner. I've committed my entire life to Bitcoin. But when I see multiple clips and and you know, I like Jack Neil. I I like his podcast. You know, I I don't really fault Jack Neil on this. Maybe he just thought this is going to be some good content. But when you see a lot of clips from different people come out around the same time basically saying the very same thing, you start to ask yourself as a Bitcoiner, why are we seeing this coordinated effort to stop people from going into Bitcoin? Especially at the time, which I will cover a little later on the show, when we're seeing institutions start to allocate significant capital into Bitcoin. At the very time when we're at a bare market, retail's been completely washed out of the market. Institutions are trying to come in. We're starting to see even more social media campaigns to scare people away from Bitcoin. Those are the things that make me go interesting. Okay, maybe it's not so much about the FUD lines around Bitcoin. Maybe it's a lot more about the timing of why this is happening. Now again, I'm not necessarily saying that Professor Jien is part of a coordinated SCOP campaign to scare people away from Bitcoin. I'm just saying we're seeing a lot of co coincidences here. We're seeing a lot of FUD against Bitcoin at the very time when people are not only looking to Bitcoin, are not only feeling a little better about investing Bitcoin, but institutions want to get into Bitcoin as well. Now this doesn't necessarily mean that scops are all coordinated from the top. But what we do understand if you understand anything about social media and how scops work the vested interest in the legacy system does use in Nasim Talib's framing intellectual yet idiots to push their narrative. I truly believe that the institutions right now the Wall Street attack on Bitcoin is accelerating. Yes, they are bending the knee. Yes, they are trying to get as much Bitcoin as possible. They're also trying to scare away the normie, the average person from buying Bitcoin because they understand what we understand. If you are not holding Bitcoin in self-custody, then he who owns the keys gets to do what they want with the Bitcoin. So, this is where my brain is at when I watch these clips. This is where I'm starting to see, and maybe it's because I'm on this side of the camera. I am in the social media game. I am in the propaganda game. I am in the media game. And when you see stuff like this, you're always wondering at le well maybe not everyone, but I'm always wondering. I'm like, "Okay, what is the goal of this?" As Professor Jiang asked a question in that clip, what is the goal of Bitcoin? Cool. Well, to me, I I don't even have to ask that question. I'm so far down that when I see campaigns like this, I'm always asking, okay, what is the goal of these campaigns? who benefits the most from people being scared to use Bitcoin. And it's the very system that Bitcoin is set up to defeat, to overcome. So maybe I'm seeing dots that aren't there. Maybe my tinfoil hat is on today. It's invisible, but it might be on. But that's what I'm thinking. And again, I do maybe have a slight bone to pick with him because my best friend, it's a huge Professor Xiang fan. And anytime he talks about Bitcoin, I send him clips. I'm like, "Yo, this is your boy. Like, come get your mans, bro. Like, how do you even watch this guy?" But again, I'm a Bitcoiner. I make Bitcoin content. So, that's that's where we are. But let's play the second part of this clip. This one's a little shorter. It's a little, you know, I'll just play. I'll just play it. It's interesting too that it's it's designed like a religion. >> Yeah. >> I'll I'll I'll tell something else. Okay. >> Mark Zuckerberg. >> That's what I was going to ask you about. Yeah. >> So Mark Zuckerberg um had his conflict with u the Ven Veno Voss the Winkle >> Winkle Voss twins. Yeah. >> The Wos twins. Okay. And so the Voss twins sued Mark Zuckerberg claiming that Zuckerberg stole the idea for Facebook from them. Okay. Okay. And this went to court and there there was a settlement. I I I forget the amount. Okay. But then the VOS twins took a sizable portion of the settlement and put it all in Bitcoin. Like we're talking about millions of dollars into Bitcoin when it was like just a novelty. Why would people do that? >> They're the largest individual owners today, I believe. I I don't know that. But I I I'm just saying like back then, you know, when this was a novelty, when this was a niche thing, and these are not technologists, right? How why would they put millions and millions of dollars into this thing? That's really strange. It's really strange, guys. I don't know. Maybe they just understood what Bitcoin was going to do for the world and what where it was going and that number was going to go up. Even if they didn't understand the implications of Bitcoin and the world changing effects that Bitcoin would have, maybe they just thought, hey, it'll be a good investment. Like, you see, you see where these, how do I say it? You see where his analysis is going? Like, it sounds very smart. It sounds very interesting. It sounds like a deep insight, but in reality, it's like, bro, it's like my analysis here. in regards to what he's saying. It's not that deep, bro. Like, it's really not that intellectual. The Winkl Vise understood Bitcoin before everyone else. Therefore, they had a lot of money from Zuckerberg. Therefore, they put into Bitcoin and they created one of the biggest exchange in Bitcoin. They moved on to a new venture from Facebook to Gemini. But the implication here is, oh, you know, Zuckerberg is part of the intelligence operation with Facebook and someone that left Facebook now is in Bitcoin. Therefore, Bitcoin is a CI CIA operation. You see the logical leaps here. It's it's very rudimentary and surface level. But anyways, I mean guys, maybe it's just cuz I've been around in Bitcoin for a good portion of my adult life now that there is nothing new under the sun. They're constantly saying the same thing about Bitcoin. If the quote CIA FUD scares you away from Bitcoin, then as we always say, you will get Bitcoin at the price you deserve. Bitcoin is unstoppable. That's what it is. Oh, wait. One last thing. I forgot about this portion. I forgot about the portion where he's wondering who owns the servers. Yo, where are the servers, guys? Who owns the AS6, bros? Where are the AS6? We have found the silver bullet to prove that Bitcoin was created by the CIA. Who owns the AS6? Who owns the servers? Does this guy not understand distributed computing? Does he not understand what decentralization is? Literally, anyone that runs, anyone that buys, bro, the AS6 are in in people's houses, they're in mining infrastructure around the world. Do I need to pull up the All right, let's do this. Let's Let's do the Luxer heat map. Wait, I think I have it over here. I don't know, bro. Like, you could literally search on the internet very quickly of who owns the the servers. Who owns the AS6? Here we go. Here is who owns Here's where the servers are. They're all around the world. They're literally at every corner of the world. majority. Well, I wouldn't say majority, but a good portion of it's in the US. There's some in Russia. There's some in China. It's literally basically on every continent in every country. That's where the servers are. But hey, dude, he got us. That's the big gotcha. Who owns the servers, guys? Where are the servers? Where where are the They're everywhere. It's uh as we always say, they're just not bringing their best. But hey, Professor Jien does have a huge following and and so I saw someone in the chat ask uh who's the podcast? His name is Jack Neil. He's like a Gen Z podcaster and uh he he's got a pretty big following. I think this video got about 400k views or something like that. So, you know, he's he's an up and cominging social media guy. So, it is interesting. Actually, one more point before before I I move on. Now that I think about that, it is very interesting. Professor Jiang went on Jack Neil's podcast, basically a Gen Z ccentric podcast, and here he is basically scaring kids away from Bitcoin. Scaring PE scare scaring young kids, Gen Z kids away from the very thing that they're probably looking for, the very thing that's going to help them escape quote the matrix as is very popular on the internet. Maybe I'm seeing things. Maybe this is a ridiculous video to debunk Professor Jiang, but this is some nefarious work. Whether he meant it or not, the the road to hell is paved with good intentions is all I'm going to say before I move on. But man, where are the servers? It's funny that that's the big gotcha. Where are the servers? Anyways, as I told you in the culture, I'm going to or sorry, in the news, we got a couple updates. It seems like the whales are coming back on the table, boys. It seems like accumulation is starting and the smart money is buying Bitcoin. And in the numbers, we got an interesting clip coming out of Fox News, which is doing something very similar, kind of a SCOP campaignish in regards to Bitcoin and Iran and the implications. So, that's the break. Oh, and then I'm also going to get our boy Paul Tarantino aka Bitcoin's Tom Cruz from Bite Feder on today very shortly. So that's today's show. I'll be right back. Today's episode is brought to you by Bitcoin Well Infinite. If you're a serious Bitcoin buyer, you've probably hit the same wall. Most platforms make you give up custody just to play by the rules. Bitcoin Well Infinite fixes that. They're North America's only publicly traded non-custodial OTC desk listed on the TSX Venture exchange, which means transparent operations and zero counterparty risk. You buy Bitcoin, you take immediate control, period. For trades over $50,000, you get a dedicated executive Bitcoin advisor, competitive spread starting at 1%, and immediate delivery straight to your own wallet. 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And now you can customize your titanium seed plates. You can upload your design or logo and they will laser engrave it on the back of your seed plate, the opposite side of where the words are. Stamp your seed on stamp seed and use promo code simply to get 15% off anything on the stampseed.com store. All right, guys. Paul, good to have you, man. Popped in a little early, but it's all good. Join the show, man. How you been? >> I'm great. I'm been great. How are you? >> I'm doing well, man. I'm doing well. All right, guys. Let's get through the numbers. Here we are. The current Bitcoin price is 74,090. The discount from alltime high is 41.3%. The market cap is currently 1.48 trillion and the block height is 945,361. So, as we've been covering on the show for a minute, um, you know, an interesting side effect of the war in Iran is that Bitcoin has gotten an almost surprising, you know, showcase of what it does and what it's capable of and why people would use Bitcoin. Well, we got a clip from Fox News here and uh now they're talking about it and there is a little, you know, similar nefarious tinge to this clip, but there is a positive side effect here which we have covered. But I I guess because it's coming from Fox News, we're going to play it because it's not about what they're actually saying so much as who they're saying it to. And I think again, continuing the theme from the first clip or the first segment of the show, that's a lot of the stuff that that I notice when I see a lot of this, I don't know, social media coverage or either rather media coverage on Bitcoin. It's who are they talking to and what are they what are they saying? And I think that might be the most important part. But let me play the clip real quick and then me and Paul will talk about it. >> Second, uh they're said to be paid to Iran in Chinese yuan or crypto. The Bitcoin Policy Institute says bad actors are usually paying with stable coins and US authorities are cutting them off. Watch. >> Stable coins can't be confiscated, but they can be frozen. So, if you're a stable coin user who's working with the Iranian regime, your wallet can be identified if you don't practice good operational security and Treasury can sanction you and make it so your stable coins are moot. And it runs in contrast to Bitcoin where you can identify what illicit actors are using Bitcoin, but you can't freeze somebody's Bitcoin in the same way you can freeze somebody's stable coin. >> And that is an unintended consequence. Uh I do want to say that crypto is a lifeline for many of the Iranian people as they see the value of their currency get devalued, but it's also a way that bad actors do things and we're noticing it and as I said, cutting them off. Oh man, you love to see it. You You love to see it. >> I'm sorry buddy. I can't hear you. Can you hear me? >> Oh yeah. Yeah, I got you. Can you hear me? No, >> I'm gonna pop out. Pop back in. >> Okay. All right. Cool. All right, guys. Let's uh um Okay. What was the clip? Yeah, bad people can use Bitcoin. And from as we've been covering, you know, this the straight of Hormuz. Let me see. Can you hear me now? >> Yeah, I'm good. >> Okay. All right. Cool. Did you catch the clip? Did you catch the clip? Okay. >> All right. So, it was just me. It was just me having issues. Um, as we covered, one of the big side effects or maybe unintended consequences of the straight of Hormuz closing was this idea that boats that were going through or oil tankers that were going to go through the straight of Hormuz were basically going to pay their fees and either a stable coin backed by the yuan or Bitcoin. And this was one of the things Bitcoiners have been talking about for a long time that hey, maybe there is a use case for a neutral money. maybe enemies would want a politically neutral money and then we saw that happen. Now, it's interesting in this clip because again who this clip is going to. I don't know anyone probably under the age of like 35 that watches Fox News. So, this is going straight to the boomers. So, you can see that yes, they are talking about Bitcoin in a way where it is scaring people away from Bitcoin. It's like, hey, if you don't like Iran, uhoh, if you don't like the US's enemies, then maybe you should stay away from Bitcoin. Though there was a nugget in there which I think is probably the most interesting soundbite of this which is it has been a lifeline for a lot of Iranians which is probably one of the more interesting conversations amongst Bitcoin where we always say Bitcoin is for enemies. It's like look you got to be okay with your worst enemy using Bitcoin. That is what it means to have a politically neutral money. a money that is censorship resistance, decentralized. As long as you opt into Bitcoin, you can use Bitcoin. Hell, when it comes to the dollar, there's people that the US doesn't like that uses the dollar. That's just kind of how it works. Money is supposed to be a neutral thing that everyone uses. But you can see and we have noticed a lot in Bitcoin and further in in the war between fiat and Bitcoin that they do take this political angle on Bitcoin as money. It's like well bad people use Bitcoin. You probably don't want to use it. And it's like well literally the worst people in the world use the dollar. And we don't we don't say you shouldn't use the dollar. It's just like yeah we take it for granted. That's our money. So look, it's really I think the most important aspect of this clip is who's it who it's going to, which is of course the older generation. They might not be fully into Bitcoin. They might not even understand Bitcoin, but the conversation is happening. And as we like to say, the Overton window is shifting. Anyways, Paul, can you hear me? Am I ranting? >> I'm good. I'm good now. >> All right, bro. Well, >> you haven't been on in a minute. I don't think you've been on since the Straight of Hormuz Bitcoin announcement. So, what's your take on just that general idea and then maybe the fact that we're seeing Fox News cover it and the Overton window shifting? >> Yeah, I look at all technology can be used for good and bad, right? Including your uh butter knife. So, um as we evolve through uh and humanity's uh technology changes, they're going to be used by any number of people. But we need funible sound money. Yeah, >> funible sound money has provided a lot of benefits uh to people that were censored for u uh for what I would deem to be um you know passive or or or fairly benign causes. The Canadian Truckers was a great example and and their money was frozen and their bank accounts were closed. Um I mean Bitcoin Policy Institute is correct in what they're saying. Um, but that that that unfortunately that story I've seen it changed around, right? Right. Like I saw yesterday on X John Stewart going through the same topic and like throwing a hissy fit because Bitcoin could be used by enemies. Um, it can also be used by uh, you know, good people trying to do good around the world where enemies are are sanctioning the delivery of resources, right? I mean this is uh what Alex Gladstein's all about. So the the bottom line is we need uncensorable uh money and yeah that's going to be delivered that has already been delivered to the world. That cat's out of the bag when Satoshi open source this protocol. Uh there was there was no stopping it. So uh from this point forward that's the new reality we live in. you need to uh I I guess the world needs to reframe the way trade is done and it forces uh friendlier negotiations and looking for settlement as opposed to sanctions and war. >> Yeah, 100%. And I actually did kind of brush over the John Stewart news um in the in the first part of the show, but it's it it really reminds me rather what I was bringing up. Oh, we we lost. All right. All right. Well, I I won't rehash the conversation. I'm going to hit the the ad break and we're going to maybe give you a little bit of bullish stuff before me and Paul talk about what's going on with B Federal, man. Or rather, what's going on with the AARP and Bitcoin ATM? So, I'm going to hit the commercial break and we'll be right back. I want to give a shout out to our partner, Letin. Here's something most Bitcoin holders never figure out until it's too late. You're sitting on wealth you can't touch without selling. Let fixes that. 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Complex setups, clumsy interfaces, and a seed phrase that can be lost, stolen, or forgotten. Bit Key fixes that. Bit Key is a multi-IG hardware wallet built by the team behind Square and Cash App. It packs a cryptographic recovery system and built-in inheritance feature into an intuitive, easy to use wallet with no seed phrase to sweat over. It's simple, secure, self-custody without the stress. Time named BitKey, one of the best inventions of 2024. Get 20% off at bitkkey.world. That's bi t ky.world with the code simply. Okay, we're back. Paul, let's hopefully you don't get kicked off one one more time. If you do, just keep popping in and we'll we'll going >> Yeah, we'll we'll make it work. Anyways guys, I was going to actually cover this yesterday. Um, but I got a new headline that I think really kind of sums up the conversation and this is on DL News and it goes, "Institutions are scooping up Bitcoin again as Iron War sparks $2.3 billion of ETF buying spree." And just to read the blurb here, we go, "Institutional investors have poured 2.3 billion into Bitcoin ETFs over the past four weeks. That's despite a market downturn that shaved off half of the cryptocurrency's value and institutional investors are expected to pour up to $13 trillion into Bitcoin by 2030. Ain't that a headline there, guys? Another 13 trillion to Bitcoin. That's what a minimum 10x of the market cap here. That sounds that sounds kind of bullish. I'm kind of for this. Look, you guys have yelled at me before. The only reason, and I'm guilty of this, the only reason I was okay with the institutions coming is I thought they were going to pump our bags. It It doesn't seem that that's played out yet. But hey, 13 trillion comes into Bitcoin. I guess we'll all be happy in four years. Uh oh, we're having troubles here. We're having troubles here with Paul. >> Yeah, sorry guys. My audio keeps dropping out, so >> it's all good. We'll we'll figure it out. Okay, but check this out. Bitcoin whales are accumulating at the highest rate in two months. Wallets holding a,000 to 10,000 Bitcoin have pushed their total supply to the highest point since midFebruary. You can see 27,652 Bitcoin accumulated in a single day by wallets holding between 1K and 10K. As we've been covering, it seems like retail one no longer really controls the price. You could argue we probably never really controlled the price. It was really up to the whales here. But this is one of the kind of rhetorical tools, the the memes that you that you hear in regards to traditional trading. Follow the smart money. Watch what the smart money is doing. You know, follow the money and you'll start to see a clearer picture that the markets are probably not showing you. And this is one of those indicators in Bitcoin as well. when you start to see huge whales come back in and buy Bitcoin, it's usually a couple of signs. Maybe a bottom's being uh, you know, formed. Maybe it is people getting more interested in Bitcoin. Maybe it's the next phase of accumulation. But again, we've also seen a long-term holders are back to accumulating. It's been it's been a little while, guys, since October 25 since long-term holders are back to accumulating. So, we've seen a month of distribution here in Bitcoin. Finally, we're starting to see the accumulations coming back. The buying is coming back, not just from the whales, but long-term holders here, and it's starting to turn positive again. Now, on that note, as we've been covering this week, probably the biggest news story of this week is what's going on with Stretch. What Sailor has created with Stretch is absolutely insane. Here is the updated numbers. We saw Monday, $1.2 billion of Bitcoin bought. Tuesday, $1.6 billion of Bitcoin bought. And then yesterday we saw half a billion dollars of Bitcoin bought and then the not full you know days of trading we seen 170 million. So total so far for stretch accumulating Bitcoin is 3.4 billion so far this week. It looks like he might get to five billion a week. As I told you guys in the beginning of the week last week Sailor got bought a billion dollars of Bitcoin. this week he's might get to 5 billion if this amount of buying is just coming from stretch 5 billion a week. I I I want to say that we're probably not going to be seeing a bare market for that much longer. And on that note, we also saw Black Rockck buy half a billion dollars of Bitcoin in the past 48 hours. They now hold 59.31 billion of Bitcoin. And this does bring in the interesting conversation in regards to can strategy or Michael Sailor surpass Black Rockck's IBIT holdings. Well, it looks like Black Rockck isn't going down without a fight or at least, you know, they're trying to incentivize that more people buy Bitcoin. I think they want to maintain the lead in regards to Bitcoin accumulation. But again, one other slight little update that we covered, remember Morgan Stanley launched their Bitcoin ETF? Well, Morgan Stanley has pulled in over $100 million into the MSBT Morgan Stanley Bitcoin Trust ETF in its first week. Again, marking the firm's most successful ETF launch ever to date. Oh, wait. Is this Let me see. Looks black on my screen. Is this not showing up? Wow, dude. Hold on. Hold on, guys. Okay, there we go. I don't know what's going on over here. I guess my software is messed up. All right, well, we'll keep it going. We'll keep it going. Hopefully Paul comes back in. We're having all kinds of issues. Um, anyways, please cover Coffeezilla next. He made a video basically calling Sailor and Stretch a scam. Yeah, I have I I actually didn't watch that video yet. Um, but I saw a lot of people breakdown of it. And the TLDDR from most people that I got, the short of it that I got was one, Coffeezilla is not really like a Bitcoiner. Uh, he's kind of more of like a shitcoiner. And I think the biggest blurb I got out of this is someone saying, "Wow, Coffeezilla just realized what equity is." Like, he doesn't understand how stocks work. Uh, so look, we'll see. Maybe maybe uh tomorrow if if I get if I get some time to watch the whole video and I can do a pretty good breakdown of it. Uh, yeah, maybe that maybe that'll be tomorrow's show. But from what I saw, the main contention is this idea that Sailor with the Stretch product has no actual liability to pay you back your Bitcoin. And uh, it's like, okay, yeah, that's that's basically what an equity is. Anyways, Paul, are you back? >> I'm back, but I don't know how long it's going to last. >> Okay. All right. Let me let me hit the let me hit the commercial break and we'll cover what you guys have been dealing with over at Bite Federal. So, I'll be right back. Guys, >> I want to give a shout out to our partner Hive Digital Technologies. Fueled by clean energy, Hive has quadrupled its global Bitcoin mining footprint and channels that same scale into high performance compute, where their AI cloud is now ranked number one in the world for network performance. At Hive, you've got dual engines, Bitcoin and AI humming, roaring, accelerating in unison. They're lean and mean, they're green and clean, and they're rewriting the playbook on sustainable digital infrastructure. You can catch the latest buzz at Hivedigital Tech or at hivedigitaltech.com. >> I want to give a shout out to our partner sat123.com. Sovereignty isn't just about your money. It's about your communications, too. When the grid goes down, most people go dark. Cell towers fail in hurricanes, cyber attacks, and blackouts. With satellite phones, they don't rely on local infrastructure. Aridium has 77 satellites in orbit, giving you a direct line anywhere in the US, even offshore. If you hold your own Bitcoin keys, you should hold your own comms, too. Z sat123.com also has everything you need to start building your Bitcoin Citadel, Starlink, battery backups, Verde bags to protect your hardware wallets, and much, much more. It's a one-stop shop for anyone serious about resilience and off-grid independence. Stay connected, stay independent, stay solid. Go to sat123.com/simply today and use promo code simply to get 15% off anything on the store. All right, guys. Hold on. Um Paul just dropped off, but I'm like, dude, I'm having the Yo, my Let me see if I can even bring Paul in. Okay, Paul, look, I'm having issues, too. All right. Just let me see if I can just rip it. Rip it. Go rip it. He can't hear me. He can't hear me. And I And I can't message him, guys. Um. Yo, my dude. Guys, my streaming software is like completely frozen right now. So, let me see. Let's see. Paul, can you hear me? Can you hear me? >> Yeah, it's only lasting like 30 seconds. >> All right. All right. So, just just rip it. just just rip what you came to say and we'll say and we'll see what happens. >> 104. Look at um the the Bitcoin ATM industry, which includes us, uh is is uh under attack. I you know, I know there's a lot of people in Bitcoin that don't really understand the use case behind ATMs. And what people in this industry need to realize is that the ATM is essentially the last bastion of peer-to-peer transactions in a non-custodial fashion. at by Federal, you know, we take all of our Bitcoin into inventory and we directly transact with individuals to their self-custodial wallets. Uh people um misunderstand the industry because they see the high fee. They don't understand that this this industry is needs that high fee to survive. We have an extreme amount of cost associated with operating building, manufacturing, operating the ATMs, maintaining the ATMs, collecting the cash with Garta, Brinks, and Lumis, uh, paying hosts, rent, uh, and then having that cash go through an intermediary which verifies all the, uh, KYC, AML that's done on those dollars before it goes back into the banking system. Um, we support the un and underbanked about 30 uh million American families that are acquiring Bitcoin and for the first time in human history these individuals have access to an asset that's growing at 40 to 50% kagger and if they didn't have you know with when you're under or unbanked you don't have access to investments at all. This is what got us all excited about Bitcoin from the very beginning. That it was going to frontr run Wall Street and it was going to lift humanity and that it was going to build uh wealth for people that never had that capability in the past. Bitcoin ATM support that. At B Federal uh we do everything we can to protect our customers. Um, so full bank compliance and we go a step further in that we actually call every user who's over 60 years old. We review scams that we know of with them. We verify that it's going to their own wallet. We verify that the the wallet that they gave us is actually theirs and that they're not sending it to a fraudulent address that's been involved in crime in the past. um we have discovered through many of those calls which are all recorded um that many of these individuals are being scammed and we've blocked those transactions. So that's going above and beyond any legal requirement in order to make a safe and secure way for our customers to transact. In fact, we just ran data looking back uh since uh about last looking back from when Bitcoin was about $65,000 and over 80% of our customers are in profit because of Bitcoin, not because of anything we do. Um the average transaction size is under $500 and about 80% of those people are buying between three and 50 times. So, these are dollar cost averagers that are coming in and buying Bitcoin on the regular. Um, so they're long-term savers and we're changing the lives of the under and under unbanked every day. Um, so we hope you'll join us in in this fight to educate the legislators about the way Bitcoin works, the value of Bitcoin ATMs for for those individuals. And uh you can visit us at bitefederalfraudpreprevention.com or bitefederal.com fraudrevention. You can see all the research we've done on this topic, the whole architecture of a scam and what we do to prevent them. And uh there's three documents there you can download that give you all the source material that we use to do this research. Um, and you can go you can go check it out for yourself and uh share it with individuals, share it with legislators, share it with uh with people that are spreading misinformation just because they don't understand the way the blockchain works and the benefit of Bitcoin for humanity. So, thank you. >> Love it. Paul Hey, can can you hear me? Am I >> Yeah, I got you. >> Okay. Okay. Someone asked a question in here and uh it's Dr. Daniel How and he goes under attack. How? So, >> sure. uh what exactly is going on so that the people understand you know what like how we are as an industry being attacked right now. >> Okay. Yeah. Well, I'll I'll I'll I'll tackle that on two fronts. One, there are uh Indiana's already banned Bitcoin ATMs completely. Um Tennessee, Minnesota, New Jersey, Massachusetts are in the process, they all have legislation on the docket to ban them that they're voting on shortly. Um other states uh have implemented uh a fee cap of 3% which makes it impossible for us to operate. Right? When we charge that 20% fee at the end of the day net our incomes are running between 1 and a half and 3% and that can be verified by looking at uh Bitcoin depot's financials. They're publicly traded. Um other things are they're passing legislation that uh would require full refunds. And as anybody we all know Bitcoin cannot be returned, right? A refund is when you return the product. You go to Lowe's, you say, "Hey, this doororknob didn't work." You give the doororknob back, you get your money back. In this case, if somebody's uh been fooled and scammed out of Bitcoin, um we're supposed to return the full fee plus the Bitcoin. So, we're expanding the loss into uh our industry who's doing everything we can to prevent the transactions from happening in the first place. In regards to the bigger broader spectrum of this, um Bitcoin is meant to be self-custodied. If we've got 30-day, 60-day, 90day holds on the Bitcoin because that's the refund period, um, we're not going to be able to do self-custody. We're we're going to start acting a lot more like an exchange where we're holding your funds, uh, until which time everything is cleared. Um, Bitcoin is supposed to be uncensible, unstoppable, and we want to deliver that Bitcoin right to the customer's wallet when they request it. It's a it's, you know, we we cash for Bitcoin is at the core of a peer-to-peer transaction. And we took the place of that individual that you would meet at the coffee shop and became a trusted corporate entity with an inventory of Bitcoin that could sell it directly to you uh in a peer-to-peer fashion. And we want to keep that culture alive in Bitcoin. Um, and we want to provide these people with access that don't have access in any other means. Love it, man. Well, actually, I don't love it. That sounds horrible. And um I know we talked about this in the Wait, am I am I am I here? Can you hear me, Paul? Oh. Oh, I knew that was going to happen. Oh, man. What a bummer. What a bummer. I'm I'm gonna I'm gonna filibuster for a little bit. Maybe he'll pop back in real quick and actually hear me. Here he is. Here he is. >> Yeah, I can hear you again. Sorry. >> Okay. Um, I know we talked about and yeah, very quickly I I won't ramble too long. We we did talk about this last time you were on the show about two months ago and we were talking about how a lot of people don't understand that there's still coordinated attacks on Bitcoin. So, you know, very direct, dude. What is going on? My software is so cooked today. Are we back? Are we back? >> Yeah, I'm back. Sorry, guys. Okay, very bluntly. Is this a coordinated attack on Bitcoin to slow Bitcoin adoption? >> So, um I lost you at the end of the question. You can hear me though. So, look at uh the the attack is misinformation because um basically to sum it up, they're saying the Bitcoin ATM operators are the scammers. When you look at the architecture of these scams, it's starting uh with the telecom and voiceover IP providers who are doing very little or no due diligence on the people they're supplying phone numbers to and they're doing no monitoring of the content of the call. So 52.5 billion robocalls last year in the United States. um about 14.5 billion in fraud due to those calls and uh about 247 million of that ending up at the Bitcoin ATM industry. What what people understand is that it starts with that wide open door at the telecom. It goes then to the bank where that individual is instructed to withdraw cash. Then ends up at the Bitcoin ATM. When you get to that Bitcoin ATM, we have two stickers in the front of our ATM describing fraud, warning about fraud, telling people to stop doing a transaction if anyone sent them there. Our customer support line is there. Uh then once you get into the ATM, we're scanning your ID. We're getting all your data. You're delivering, you're telling us where you want that wallet sent. We're going to double check and make sure that wallet hasn't been involved in fraud in the past. And we have all our terms of service and fraud disclosures on the window. And we move the buttons around. So you you can't be coached as to where the correct answer is on that screen. After that, if you're over 60 years old, you're going to get a live phone call while you're standing in front of the ATM. We're going to once again verify with you that this transaction is for you for your investment purposes and that you haven't been instructed to send this to anyone. We ask you what wallet you're using. If you can't if you don't know the name of your wallet, we ask you tell us tell us what it looks like. If you can't describe what your wallet looks like, um it starts to get a become a very suspicious call. We ask them twice, are you absolutely 100% sure that you're not being scammed today? If we if we pick up any indication that you're confused, you you might be being coached, we're going to block that transaction. And our our data, which by the way, all these calls by our trained customer support staff, this is not mandated. We're the we're just we're doing it because it's uh better for our users. We're protecting them and it's delivering a client experience to make sure they're safe and secure. When uh if we find out that there is any suspicion of fraud taking place in that transaction, we block the transaction and all the calls are recorded so we can share them with law enforcement. We've had people on recorder calls that we've played for regulators and legislators that show uh these individuals coming to the realization there that they're being scammed and then asking us directly what do we do with the $7,000 that's in my pocket. You go back and you deposit in the bank is our answer. So we're we want to provide quality secure transactions to valid individuals that want to buy Bitcoin for their future savings. They want to buy Bitcoin to change their life. They want to get out of that uh payday lending rut. They want to get out of that paycheck to paycheck. They want to start to build up some savings. And Bitcoin is the primary number one best asset in the world to do that. And the regulators are passing legislation that's or I should say the legislators are passing legislations that's blocking access in many of these states or will limit access significantly in others. Um, it's not good for humanity and it's not good for people who actually need Bitcoin the most. >> Love it. Paul, the chat's saying it's only happening when I'm coming on the when I'm showing my my ugly face here. So, hopefully this still works. Can you hear me? I don't think you can hear me. Can you hear me, Paul? Oh my goodness. Okay, I'm going to do that one more time. Hopefully, he pops back in. I just want to ask him one more question and we're going to have to wrap up today's show. a little early cuz I'm having all kinds of issues. Paul, can you hear me? >> Yeah, I got your back. >> Okay, cool. I just want to ask before we sign off since you came on the show, what can the audience do to, you know, help you guys or or you know, I guess fight the this attack? >> Great. Uh, visit the website that you showed earlier, the bitefederal.com fraud fraud prevention website. Educate yourself. Download these documents with all the source data in the bibliography. Share it with legislators. uh in your community so that they become properly educated on the way these scams really work because a lot of the legislation they're passing will do nothing to stop fraud. It just shifts it back into the banking system, shifts it into gift cards, zel, PayPal, Venmo, you name it. You know, last year there was over two hundred two I'm sorry, two billion uh in bank fraud, I believe. uh we're talking about 247 million at at the Bitcoin ATM level. So the the fraud is rampant everywhere. Um but if you really look at what we're doing in that in that uh website and you understand we are doing more than anybody to actually stop this fraud dead in its tracks. >> Well, Paul, uh that's super unfortunate to hear. Wait, can you hear me? >> Mhm. Gotcha. >> Okay. That's super unfortunate to hear. Obviously, as we've been covering on the show a lot uh a lot since last year, you know, it seems like there's a pro Bitcoin. Yo, this is brutal. All right, guys. This is not this is not messing with you guys. This is not Paul messing with us. I'm having I'm also having issues here. Can you hear me, Paul? >> Yeah, I got your back. >> Okay. I was just going to say as we've seen in the last year uh since Trump got in office it seems like we had a more pro- Bitcoin friendly administration but at the same time there is a lot of silent attacks happening right now and it is a very important time for Bitcoiners not to just be complacent not just to hope for number go up >> there is things that we can do like there is a war on not just privacy but also the grassroots adoption of Bitcoin and there is a lot of choke points going on it might not be choke point 2.0, but there seems to be Dude, there's a choke point on my streaming software today. Oh, man. All right, one more time. One more time. All right, Paul, can you hear me? I'm just I'm going to just give you the floor. Let's do final message to the audience and and we'll just wrap up because this is brutal. I I don't know what's going on right now. >> All right, so uh final final message, guys. This this is important for the whole Bitcoin community. Um, we have to understand that um, if if they chop off the the Bitcoin ATM industry, they've chopped off a whole uh, leg to our our network. And, uh, it's a leg that feeds uh, Bitcoin to some of the uh, the people that need it most. Um, you know, if you're living in the cash economy, um, you and you don't have a bank account, you're not shopping on Amazon. You're not opening up a trading account at Fidelity, Black Rockck, etc. Um, but when you can go uh uh to a Bitcoin ATM, buy Bitcoin, and then go and go to Bit Refill and get an Amazon gift card, now you have access to the digital economy. And and this this is a lifeline for people that otherwise are left out from what we all take uh for for granted every single day. Um uh I was just talking to Alex Stanic and he he told me a a story about a guy who was actually homeless had had a child with another homeless woman and they were feeding Bitcoin into uh small very small transactions. Um and over time it changed their lives. Um this stuff as you know it all of us who have been in it for some time we know how powerful it is and uh I I I do believe that these legislators want to stop the fraud. I just think they're misinformed and they need to understand um why some of the legislation they're passing is not going to have the positive impact they hope it will. Uh and at the end of the day, we hope that by federal can be the standard. We hope that our fraud prevention techniques can stand out that the rest of the industry will adopt them uh and that uh you know the the financial infrastructure that we're building here in the United States around crypto will understand that this is a valuable tool for the most needy in the economy. Let's go. All right. Well, Paul, again, if you can hear me, I want to apologize for the streaming software technical issues, but thank you so much for coming on. I really hope that we can, you know, get over this hump. Oh, man. All right. All right. All right, guys. I'm going to wrap up today's show. I'll see you tomorrow. Hopefully, our issues, our technical issues are solved. Wish me the best, guys. I'll see you. Have a good rest of your day. Today's episode was brought to you by bitcoinwell.com, a Bitcoinonly platform on a mission to enable financial independence.