Rabbit Hole Recap

RABBIT HOLE RECAP #390 THE 2026 CATTLE BIKE

102 min
Jan 2, 20264 months ago
Listen to Episode
Summary

Episode 390 of Rabbit Hole Recap covers Bitcoin market dynamics approaching $91,000, the Minnesota daycare Medicaid fraud scheme totaling $9 billion, geopolitical tensions involving Israel-Somaliland military cooperation, and the importance of freedom technology like Nostr and Bitcoin as alternatives to centralized systems.

Insights
  • Government fraud at scale ($9B+ in daycare schemes) demonstrates systemic corruption across both political parties, making tax resistance and revenue denial logical responses to broken social contracts
  • Physical commodity squeezes (silver) and potential Bitcoin/paper Bitcoin disconnects reveal structural vulnerabilities in centralized financial systems that could cascade during crises
  • Freedom technology adoption (Nostr, silent payments, federated mints) is gradually becoming viable infrastructure for financial sovereignty and censorship resistance, requiring wallet support and merchant adoption
  • Geopolitical signaling through visible military capabilities (Chinese cargo ship UAVs) indicates strategic communication rather than surprise, requiring careful interpretation of intentions
  • AI safety concerns extend beyond technical implementation to content moderation and free speech implications, with platforms like X demonstrating both benefits and risks of decentralized content policies
Trends
Accelerating adoption of Nostr and value-for-value models in podcasting and content creation as alternatives to ad-based revenueSilent payments and privacy-preserving Bitcoin technologies moving from theoretical to practical implementation with wallet support expandingFederated mint infrastructure (Cashu, Fedimint) maturing as viable alternative banking layer on Bitcoin, enabling permissionless financial servicesMerchant adoption of Bitcoin payments increasing through simplified APIs (MoneyDevKit, PhoenixD) reducing friction for integrationGovernment fraud exposure going viral on social media (X/Twitter) due to less restrictive content policies compared to traditional platformsWealth tax and anti-billionaire sentiment rising in states like California amid documented government spending fraud and mismanagementNFA tax stamp elimination creating regulatory arbitrage opportunities and highlighting constitutional questions around registration requirementsGeopolitical realignment around Red Sea/Horn of Africa with Israel-Somaliland military cooperation and potential Iran conflict escalationOpen source AI models (Maple K2) achieving competitive parity with closed-source alternatives, democratizing AI capabilitiesTax revolt sentiment strengthening among high-income earners and business owners due to perceived government waste and fraud
Topics
Bitcoin Price Action and Market TechnicalsMinnesota Daycare Medicaid Fraud SchemeGovernment Spending Fraud and AccountabilityTax Policy and Constitutional QuestionsFreedom Technology and Nostr AdoptionSilent Payments Bitcoin Privacy ProtocolFederated Mints and Alternative BankingMerchant Bitcoin Payment IntegrationGeopolitical Tensions and Military SignalingIsrael-Somaliland Military CooperationFree Speech and Content ModerationAI Safety and Deepfake ConcernsNFA Tax Stamp EliminationCargo Ship Weaponization and Force ProjectionOpen Source AI Model Competition
Companies
CoinKite
Hardware wallet manufacturer; Cold Card Q promoted as secure Bitcoin storage solution with dual secure enclaves
Stackwork
Bitcoin bounty platform offering KYC-free sats for developer contributions to open source projects
Obscura
VPN service built by Bitcoiners including Carl Dong; designed with no-log architecture for privacy protection
Salt of the Earth
Electrolyte supplement brand; promoted as hydration solution for health and fitness
Coinbase
Cryptocurrency exchange; mentioned in context of potential acquisition of TFTC media property
Fedi
Federated mint company; open sourcing Fedi app stack on Bitcoin Genesis block anniversary (Jan 3, 2026)
Blockstream
Bitcoin infrastructure company; discussed hash-based signature schemes for post-quantum Bitcoin security
Human Rights Foundation
Published top 15 freedom tech projects list for 2025 highlighting privacy and censorship-resistant technologies
OpenSats
Bitcoin grant organization; distributing ~$1M monthly to 200 grantees; approaching 400 total grants
Sparrow Wallet
Bitcoin wallet software; supports silent payments and BIP47 privacy protocols
Cake Wallet
Mobile Bitcoin wallet; supports silent payments implementation
Blue Wallet
Bitcoin wallet; supports silent payments protocol for privacy
Primal
Nostr client platform; experiencing material upswing in value-for-value zap revenue from podcast listeners
Fountain
Podcasting 2.0 app on Nostr; enabling value-for-value monetization for content creators
Maple AI
AI company; released K2 model competing with GPT-5 and Claude Sonnet with zero data tracking
Async
Lightning infrastructure company; maintains Phoenix Wallet and Eclare implementation; released PhoenixD dashboard
MoneyDevKit
Bitcoin payment integration service; enables easy API integration for merchants without liquidity management
JoinMarket
CoinJoin marketplace for significant Bitcoin stacks; currently under DDoS attack targeting anonymity set
Silent Link
No-KYC eSIM provider; accepts Bitcoin payment for prepaid global data service
Cloudflare
Internet infrastructure company; criticized for mafia-style business practices and government alignment
People
Nick Shirley
23-year-old investigative journalist; broke Minnesota daycare Medicaid fraud story that went viral on social media
Dave
Boomer researcher; conducted foundational research on Minnesota daycare fraud scheme with Zoomer ally Nick Shirley
Elon Musk
X/Twitter owner; platform's less restrictive policies enabled viral spread of daycare fraud investigation
Brian Armstrong
Coinbase CEO; spent $24M on Up Only reboot and hired Kobe, creating market top signal
Carl Dong
Bitcoin developer; co-founder of Obscura VPN; previously contributed critical work to Bitcoin protocol
Craig Raw
Sparrow Wallet developer; created Frigate performance silent payment server for chain scanning
Ruben Sampson
Bitcoin developer; proposed silent payments protocol in March 2022; now approaching wallet implementation
Jonas Nick
Blockstream researcher; discussed hash-based signature schemes for post-quantum Bitcoin security
Mikhail Kudinov
Blockstream researcher; working on post-quantum Bitcoin signature schemes with Jonas Nick
Brad
Fedimint protocol lead maintainer; received OpenSats long-term support grant; working on home server deployment
Alex Gleason
Shakespeare project developer; created Nostr vibe-coded app with secure payment integration via Wallet Connect
Gigi
OpenSats team member; preparing 2025 year-in-review report documenting grant distribution and impact
Shlomo
Israeli billionaire; called for restricting First Amendment using AI to protect free speech
Peter Schiff
Economist; frequently criticized on show; father fought taxes on constitutional grounds and died in jail
Ro Khanna
California politician; engaged in debate with billionaires on X regarding wealth taxes and government spending
Bill Gates
Billionaire philanthropist; criticized for Bill and Melinda Gates Foundation vaccine and agricultural policies
Jeff Bezos
Amazon founder; criticized for lack of civic taste and community investment despite being world's richest
Trump
U.S. President; tweeted support for Iran protesters; criticized for implicit war signaling despite anti-war positioning
Nick
MoneyDevKit co-founder; former Block employee; demonstrated easy Bitcoin payment integration via Replit
Quotes
"In a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins."
HostEarly episode
"You can't vote your way out of this. You have to starve them of their revenue."
HostDaycare fraud discussion
"I think chomium mints, whether they're launched to be the Cashu protocol or the Fedimint protocol are the manifestation of Hal Finney's idea of a free banking system built on Bitcoin."
Co-hostFedimint discussion
"Fade the doomers. I'm not here for it."
Host2025 year review
"It's a combination of all this shit telling you not to believe your lying eyes."
Co-hostGovernment fraud discussion
Full Transcript
What's up, Freaks? This rip of RHR was brought to you by our good friends at CoinKite. They produce the Cold Card Q, my favorite hardware wallet. It's got two secure enclaves. It's got a full screen, full keyboard here. As you can see, if you're watching, if you can't watch, just imagine something that looks like a BlackBerry. It allows you to create private public key pairs offline in an arrogant fashion. You never have to connect the cold card queue to an Internet device. You can sign transactions and PSPTs remotely in the most secure fashion. If you're a Bitcoin power user and you're looking for the best security, go pick up a cold card queue and go to Coinkite.com. Find the cold card queue there. I think you go to ColdCard.com as well. Use the code RHR for 5% off. Step up your security. Get a cold card queue. This was also brought to you by our good friends at Stackwork. If you're looking for a great way to make KYC-free sats, Stackwork has bounties. Go to stackwork.ai, find their bounties page, and contribute to the bounties. You can make Bitcoin KYC-free for completing the bounties. If you're a developer looking to scoop up some easy sats, go check out the bounties, contribute to them, and stack some sats. Stackwork.ai. Matt and I have been talking about privacy and the importance of using a VPN for seven years now, literally seven years. I believe at least once every episode or two. It's like, hey, make sure you're running a VPN. I think it's especially important today where you have governments in the UK, other parts of Europe, all across the world, really trying to introduce digital ID and curbing speech with hate speech laws. Make sure you're protecting your privacy and shielding yourself from government surveillance as you're perusing the web. our VPN of choice here at RHR is Obscura. It's built by a Bitcoiner. Four Bitcoiners, Carl Dong did some very critical work for Bitcoin back in the day, but he decided to shift his focus to bringing privacy to everybody with Obscura. It is a VPN that cannot log. Literally, by the way, it's designed. A lot of VPNs will hand ways, say, we're not logging, we're not logging. You can't trust them. You want the VPN that cannot log. That is Obscura. Go to Obscura.net, use the code RHR for 25% off when you sign up any of their deals. Make sure you're using it, particularly if you're in one of these countries where the governments are becoming extremely censorious and targeting citizens that exhibit wrong things. You should be running a VPN. That VPN should be obscura. Obscura.net. Code RHR. 25% off. This rip was brought to you by our official electrolyte sponsor here at RHR. Salt of the Earth. You've been hearing Matt and I talk about it quite a bit. I drink multiple packets up in a day. You've got to stay hydrated. That's why my face looks so good. That's why I'm getting buff. I'm able to get to the gym more because I'm hydrated. Matt, he's looking incredible. I'm sure you've all noticed it. You want to know why? Salt of the earth, baby. Go to drinkssauté.com. Use the code RHR. You're going to get 15% off. I'm dead serious. It has made my life way better. My wife, she's right behind me right now laughing, but she's laughing because she knows it's true. She drinks like seven a day. I drink a few a day, maybe seven a day too. Matt, I don't even want to tell you how much he's drinking. It's good. It keeps you hydrated. It keeps you alert. keeps you ready to go. DrinkSauté.com That's D-R-I-N-K-S-O-T-E dot com. Use the code R-H-R for 15% off any order. You've had a dynamic where money's become freer than free. When you talk about a Fed just gone nuts, all the central banks going nuts. So it's all acting like safe haven. I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor. I mean, that's part of the bull case for Bitcoin. If you're not paying attention, you probably should be. First riff of 2026. Here we are. Happy New Year. Happy New Year. Friday, January 22nd, 1215. January 2nd What did I say 22nd? I think you did yeah Well I have Matt and I were just reminiscing on The birth date of RHR August 22nd 2018 You realize this is episode 390 Pretty crazy Episode 400 should come in 10 weeks Mid February or excuse me, mid-March. Unless we have some stimulus episodes. Did you see what I named it? The Cattle Bike is here at 2026. Cattle Bike has started. Marty asked me what we were naming the episode. I was like, no spoilers. You have to wait until we go live. Got a little mini pump today. Up 3%. Approaching 91,000. Do we Up only Up only in 2026 We'll see It would be great I wouldn't mind it If we're being honest with each other I'm down for it Yeah A lot of doobers out there So it would be It would make it even more enjoyable I've seen The TA analysts that I follow They're saying we need to get over 93,000 and stay over for a few days, and then we may have a legit reversal on our hands here. So go for that area. I thought the funniest analysis I saw was the top was literally when Brian Armstrong spent millions of dollars on the Up Only reboot. Like it literally top ticked What was that early October Was it like 10 million dollars or something For the next season and he hired Kobe It was 24 million dollars Oh right but he also bought Kobe's company right Yeah Or whatever He wanted to hook up God I'm blanking His co-host Ledger Ledger? Yeah, so that was a solid move by Kobe. He probably didn't have to do that. Would we sell out for $24 million? Look, if you sell TFTC to Coinbase, I expect you to hook a brother up and have some kind of token multi-million dollar deal that includes my name in it. It's funny you mention that Apparently there's a bunch of private equity groups Going around scooping up Niche media companies For millions of dollars Hook a brother up Don't leave me hanging I'll make sure You're taken care of Thank you Unfortunately for us I don't think TFTC is a marketable asset Right now Something that's left to leave cover I I don't know how much a company would pay for an RHR season, but it's nowhere near $10 million. Yeah. Well, is that actually ever going to launch? When is that season supposed to come out? I don't know, but the bottom might not be in until they get that season done with. so hopefully they do it soon or no they're going to launch it in like two years and that'll be the top tech of the next cycle true I don't know I'm feeling pretty bullish right now I'm feeling good I'm feeling good I think this has been a week of people recognizing that there are systemic problems with centralized control of the government and so it's a good marketing for Bitcoin yeah I mean that's an understanding at the very least Yeah. Before we jump into the banter, the topics of the week, let's check the box here. Go to Clark's dashboard. We're at $90,820. One cuck buck is going to get you 1,101 sats. That's a palindrome sats per cuck buck right there. We're at a $1.81 trillion market cap, making our way back towards a $2 trillion market. We are at block height 930,595, which means we did not have a difficulty adjustment between last week's episodes. In this week's episode, we are 797 blocks away, another palindrome, from the next retarget, estimated to be on January 8th, 26th. That would be next Wednesday, looking like a negative 1.1% adjustment as of right now. pretty far into this epoch. That could change if price goes up, miners turn on. Block's been coming in at 10 minutes and 7 seconds on average. Clark's mempool has 2,729 transactions in it. And I just hit the wrong button there. If we go over to mempool.space, I already have it up. They've got 68,423 transactions in their mempool. Hey, guys, fees are going up. High priority, four sats per V-byte Medium priority, three sats per V-byte Low priority, one sats per V-byte Low priority, not even getting something It's so expensive Beware I sent Yeah, go on I sent four Bitcoin transactions on chain yesterday I felt good I So many of the Bitcoin or happy New Year's messages I received were so bearish on 2025. Guys, chin up. 2025 was a great year. 2026 is going to be an even better year. Fade the doomers. I'm not here for it. Yeah, and just to put this in perspective, thank you for bringing it up. While I pull this up and hand it to Logan to pull up on screen, why don't you share, obviously without disclosing details of who said what, what were the type of messages you were getting? A couple of them were you were in the group chats with me. Oh, my gosh, yeah. But I don't know. I will say, for me personally, 2025 was a great year. It was a great year for my family. I think it was a great year for Bitcoin. It was a great year for all the projects that I'm working on. Obviously, I think it was a great year for 1031. OpenSats, fantastic. Bitcoin Policy Institute, fantastic. Jake. Bitcoin parks finally going to be profitable because we're launching a daycare. It's chin up. I think vibes are high here. Cosign everything there. It was a great year. I welcomed my third child into the world, moved home to my homeland of the Philadelphia area. Close to my family. I've spent more time with my mom, brother and sister collectively in the last four months than we have probably in the last 15 years. it's been great and to put things in perspective for everybody who's like oh 2025 terrible year i always forget the chart until somebody surfaces it but this is like the signal that you look for you look at the yearly lows you don't look at the yearly highs and if you look at the yearly lows of the bitcoin price over the years uh 76 329 dollars was the yearly low that we hit in 2025 And that's crazy to think about. I think that was the lowest price in 2024. The next highest lowest price of the year is $39,447. So almost double the yearly low from 2024 to 2025, which is pretty good if you ask me. Get over it. And then we freed Ross. Literally the only real The only real downer of 2025 On the Bitcoin side was Samurai Getting the book thrown at them But we'll free them in 2026 But yeah, vibes are high Strong vibes only Fade the doomers We have an easy transition into the list In the primal live chat Where Soap Miner has zapped us 21,000 sats up only in taxation is theft. You have him number one on the list. Are you okay? Did you see this post from him? Yes. I don't know. When a freak says he's injured, I put it at the top of the list. I don't know. It seems like it's not a big deal. And then he says prayers are more than welcome, which just got me concerned. I have about 25% So he's talking about he lost movement In one of his arms I believe his left arm Has about 25% Did you say that in the chat? Still sore and can't move anything Or sharp pain shoot throughout it Thanks What the fuck happened? Is it a physical injury or something just out of the blue That's what I'm curious hopefully I mean You said freak accident It's got to be physical injury Anyway We got your back, Soap Miner Hope you get better soon Rest up Take it easy Stop making soap Delay soap for two weeks It's fine We're going to do a little Double-edged sword here Where we're going to add stress to your life But also make your business more successful Go buy the soap Soapminer.com Use the code RHR you'll get a discount if it gets 10 or 15% whatever it is. You'll receive your soap in a month because he's injured right now and he's going to rest up. Doctor's orders. I just use the soap. Literally. That's great. This is why you stock up on soap. You should have extra bars in the pantry just in case your soap producer hurts himself. Shout out to Matt21. Zaptus 21,000 sats. No message. thank you sir appreciate the support happy new year happy new year to everybody out there 2026 it's our year it's our year the year of the great awakening is upon us again the fifth time in a row um next up unless silver squeeze continues i haven't been checking the price been tapped out as i was telling you have you not been following this this is i have i told i've got my It's historic, Marty. We're on four days of my oldest having the flu, and our priorities have been on him. Oh, by the way, on that note, I forgot to mention, we did have a Christmas miracle at my house. On Christmas Eve, our toddler went upstairs, took off his pants by himself, and took a shit in the toilet. Super static. Huge moment. All by himself. Our oldest, he was potty trained in literally 48 hours. We did the no pants weekend, pissing and defecating in the toilet almost immediately. Our middle child, however, we're going on a year of potty training, and I'm very envious of your Christmas miracle. I would kill for a poop miracle in our household. Yeah, because they're around the same age. I always heard that if you have an older sibling, it's usually easier because they see it happen. We did the naked thing too, but I think the dogs make it more difficult because he just sees the dogs not shit in toilets. So it confuses him a little bit. But anyway, huge Christmas miracle. We were pretty happy about it. But anyway, Silver Squeeze. First of all, I think I was a little bit hard On the precious metal freaks I'm happy for you If you've been Stacking physical for 10 years, not playing paper markets Waiting for your moment There's respect there It is a battle of money though And At the end of the day I think Bitcoin is going to win So take it out as it is Watching the silver squeeze is to me incredibly exciting and specifically the the disconnect between physical and paper and and that amplified and compounded globally like whether what what is the price in china what is the price in singapore what is the price in japan what is the price in london um what what is the price where you can actually go to a store and sell it or go to the store and buy it? Can you even get physical? To me, that's fascinating. And we're kind of witnessing that in real time right now. Obviously, I think it also shows a lot of the shortcomings of, you know, trading physical metal. I mean, there's a bunch of reports out right now. It's hard to follow what's real and what's not because it's one hour engagement. I don't know. The banks are short. But the one I was talking about was supposedly like China's blocking all shipments physical out of country. It's a very interesting dynamic. Anyway, the paper price is getting hurt right now, but I don't think that's the real price. The paper price right now in New York is a little under $72. I don't think you can get physical for that price right now. Not even close, but who knows? It hit 83.75 around there Earlier this week And if you see the paper price They just have like a wall In the 70s now What is this Silver spot price It's saying $2,359 That doesn't seem right Is that right No But there's been reports that like in some places the physical price is like $120. Once again, it's impossible to verify any of this stuff and shows a lot of the shortcomings with trading physical metal, especially at size. But this is, I mean, if we're right, this is kind of a look into the future of what could happen in a real Bitcoin versus paper Bitcoin squeeze type of scenario. The Omega Candle, is that what you're calling for here? I'm not calling for an Omega Candle. No, I know. There were rumors that a bank's going to go under. That started last week. Nothing's materialized. That's awesome. People speculating today it might be UBS. I would caution anybody not to fall hook, line, and sinker for rumors of these banks falling. I've been duped many times in the past. It's one of these things where it doesn't really matter if you call it early, unless you're trying to short a bank stock. But if it does happen, I wouldn't get your hopes up until it's actually in the news and verified. And then there's been people watching repos. repo spiked, that was partially people are saying is because of lack of liquidity in metals. Well, there's other things to it, like window dressing at the end of the year that the banks need to do from a balance sheet perspective. And so if you look at end of quarter, any year, like the repo is going to increase around them. But there is some noise with the silver stuff going on now. I think that's a big question. If repos still get tapped today, which we'll probably find out in 30 minutes, I believe, what that was like this morning, then that would be a signal that there is a little liquidity crunch there. Anyway, I think it's fascinating to watch, so that's why I highlighted it. Yeah. We're cheering on the squeeze. We're cheering on the squeeze here at RHR. To me, it's got GameStop vibes. It's like GameStop mixed with mandibles. It's like sovereign debt crisis in the post-GameStop era. Like when does Robinhood turn off paper silver buy button? That'll be, I mean, if we're tracking GameStop, I believe that was in March or April of 21 when they did that. First quarter fireworks, be aware of reeks. Shout out to Sean Zapp does 21,000 sats. It's a zappy new year. Clever what you did there. I see what you did there. A little punny joke with a zap attached to it to start the year. I want to be clear on the silver stuff, too. Like Matt said earlier, I recommend buying and self-custaining Bitcoin. I think it's far superior to silver. But like I said, I'm going to cheer on the squeeze. I think it's good to see the monetary metals succeed. I mean have you seen some of these flex posts Like Guy's been stacking physical silver for 15 years And just is like a picture of him In front of all of his coins I respect that Yeah I respect that hustle You know Shout out you Yeah Shout out you Next up on the list we're going to shout out BitChat It's been blowing up This is crazy This week I had not followed it You put it on the list what's going on in Uganda. First of all, click his link, click his profile picture, Logan. I think he's got over 2 million followers. So this guy's like the opposition leader in Uganda. And he expects fuckery to happen around the elections. So he's basically doing my daily Stay Humble Stack Sats reminder, but in all caps for people to download BitChat. which is just wild but yeah he basically expects he expects like internet to get shut down censorship and whatnot and he wants his people to use BitChat to circumvent that which I just think is is just wild and pretty crazy to witness that is insane Wow I'd like to see Freedom Freedom Tech succeed When is that election? Also I love the all caps I don't know I don't know when the election is Let me ask Thursday January 15th Is that when it is? It's coming up So You should see some fireworks In a couple weeks and see if BitShot is there when the people need it. It likely will be. It's a pretty simple tech. We got Drew Cattlebike zapping us 21,000. Sats, Noster's taking off in 2026. Zap cooking and Runster are great additions. 2026 is a year of value for value. I said it last year. Value for value. If you're looking at Podcasting 2.0, look at what happens here week in and week out on our live stream on Primal. The stats revenue has been going up pretty consistently. Again, it's nothing to completely run a business on, but it is in a material upswing, I would say. I would not be surprised if we can make Primal, other Noster clients more popular get more adoption If we can get more adoption of podcasts and 2 apps like Fountain which is also a Nostar client we can see value for value explode in 2026 I co-sign your message, Drew Cattlebike. It's a grind. It's a grind. It's a gradually than suddenly thing, but I'm quite optimistic. And on the primal side specifically, we have some really awesome updates in the next. They'll be rolling out over the next few months What? It's going to be a good Q1 Yeah, you're going to love it You know what else you're going to love? The Human Rights Foundation Sent out their top 15 freedom tech projects 2015 I thought this was a great format We might steal this for Open sets I like the format I don't think they're in any particular order but we'll pretend they are because our good friends in Maple AI are at the top of the list so we got Maple AI, Cashew OpenCode which Rob Hamilton and I were texting about earlier this week he's a big OpenCode bull right now Quedamos, El Voto Tollgate, Bidaxe, Vexel PTC Pay Server OG, getting some love Shakespeare Shout out to Alex Gleason If you want a vibe code on Noster Go check out Shakespeare, ARC Very bullish on ARC as well Silent Payments Ban Axe Terrible Very excited about Silent Payments Yeah Be so helpful for us with OpenSats Payouts Bitcoin aid for Myanmar Routster and Tondo Lean into silent payments more Why would that help you guys out Because we have to We send to Every month Every month we're sending out About a million dollars To 200 Around 200 grantees And we need a fresh address From them every fucking month If we just had a fixed silent payments address, then we could just take it from them once, not have to re-verify addresses every month. It would make our lives so much easier. Is this like an iteration of BIP47? Do you realize that we're verifying 200 Bitcoin addresses a month? Yes, I know. No, this is a different method to accomplish a similar goal that doesn't require the notification transaction that BIF47 requires. The notification transaction is nice because it means you can restore everything directly from chain, and it works better with light clients. If you remember, we covered Craig Raw of Sparrow Wallet released Frigate, I think, which is an attempt at creating a performance silent payment server that's specifically geared to it because it requires a lot of on-demand scanning of the chain to see when you get payments. But, yeah, it's really promising. Basically, we just need more wallet support now at this point. Yeah. And this is another thing, gradually and suddenly. And so I'm sure your freaks are aware side will lapse in memory here because Ruben Sampson proposed this in 2022 in March of 2022. And it's, again, one of those gradually then suddenly things. You put an idea out there, you work on it for three going on four years. And we're getting to the point where. Wallets are going to be able to implement it. I'm talking of trade-offs here. I think I'm just like going to the site now because Bob cannot pre-generate addresses with silent payments. He needs to keep checking to find new payments from the point he generated the payment code because the scanning is relatively costly. Silent payments require more compute and bandwidth as Matt just described there. Also, even though this may sound like a major hit to user experience, thankfully we can already drastically improve sync performance by rolling out potential outputs like non-taproot outputs, taproot dust outputs, which are larger than or equal to 1,000 SATs, or all potential silent payment outputs spent since you last scanned. So there's optimizations, and this is on the verification side for the wallets. And that was another interesting thing. I have my memory jogged on sort of wallet software, particularly hardware wallet software. And my conversation with Jonas Nick and Mikhail Kudinov from Blockstream talking about their hash-based signature schemes for post-quantum Bitcoin. And that's going to be one of the major trade-offs is on the wallet verification side. Like how long does it actually take to sign and run through all these signatures? So we need beefier, secure enclaves on hardware wallets. I mean, look, I think that's part of the reason we don't rush into these things. Let me make them opt in. By the way, so that Freedom Tech Project's recap was on HRF's newsletter, financialfreedomreport.org. It was like their New Year's edition The one The one Project that I think should have gotten a mention That didn't get a mention And I pretty much co-signed everything They've listed there was PayJoin DevKit Is something I'm very excited about It has made really Really great progress this year So I think That could be huge I think specifically What to watch in 2026 I want to see some major brokers and exchanges add Pajoin support. It actually will save them significantly on fees at the same time as providing better privacy guarantees to people. It fits really well. Do you think that's how it has to be marketed? What? Implementing Pajoin development kits across these exchanges because we want to save fees on transaction. Yes. I mean, look, if it's a KYC exchange, obviously it's not giving you any privacy benefit with the exchange. It does mean that broadly it's adding more plausible deniability to the pool of transactions, just because even in a heavily regulated environment, there's not perfect information sharing between all these different services, especially if they're in different jurisdictions, stuff like that. But I think the main benefit we'd see is lower fees for both the users and the services. And then second of all, just a normalization of the transaction type, right? If a major exchange is accepting pay joint deposits and withdrawals, then more wallets will support it and it'll become more normalized. Yeah. A lot of these things die if it's only a few wallets. Like I saw, why not BIP47 PayNIMS for OpenSAT stuff? It's because there's just not wallet support. There's not significant wallet support. The only two that I know of is Ashigaro, and I don't think Sparrow removed it. It had it for a while in Sparrow. But we don't want to, like, force users to – we don't want to force grant recipients to use specific wallets. We need, like – we need to use something that has got broad acceptance. You know, and maybe that changes with BIP 47. I don't think it will, but that's the thought process. And that's why we're not – and to be clear, that's why we're not using silent payments right now, right? You can install a cake wallet and receive on silent payments, but we're not going to tell our grant recipients they have to use cake wallet. Yeah. Oh, I see. BGC Wrestle says blue wallet. Yeah, I was going to say blue wallet has it as well. How trivial or hard is it going to be to add silent payments to wallets? Do you know? Any idea? I think the hardest part on the Lite client side is dealing with the sync UX. Honestly, like, BIP47 shows some of that, too. Anyone who's used BIP47 has been in the situation where payments don't show up right away. And specifically, on Android, you can do background sync, So the user doesn't really think about that. But on iPhone, it's really hard to do background processes. They cut the background processes. So you end up loading your wallet and then waiting there to see payments come through. Now that we're talking through this, the hack on this is probably going to get easily implemented via BDK, Bitcoin development kit or something like that. It said BDK. At silent payments as an easy bolt-on modular feature. Yeah, they don't have BDK lists on the list either. They've made a lot of progress this year. Yeah. A lot of reasons to be bullish. Fade the doomers. Fade the doomers. Highest, lowest price ever last year. Bullish. Sipping along. Highest, lowest price ever. Shout out to you guys at OpenSats. You were sharing this chart in the group chat yesterday. It was incredibly impressive. The quarterly OpenSats board meeting, you guys shared your grantee growth per month. Total grants approaching 400. We're sitting at like 345 right now. Where is that? Up and to the right. Up and to the right. The grind continues. Yeah, we'll release like a full 2025 year in review report. Gigi's been very busy so I told him don't worry about it we can get it out this week or something it doesn't have to be on New Year's but we'll release a full report but bullish as hell we keep shipping and huge shout out to the freaks who continue to support OpenSats we couldn't do without you guys but yeah this blows me to me this puts a lot of our hard work into perspective everyone has an opinion on how open stats should be run this thing got too much money this thing got too little money you're not giving out enough grants like look, look how many grants we're giving out we're fucking shipping, super efficient as transparent as as possible and we don't take a cut of any donations trying to lead by example there's a lot of scammy charities out there you can do it the right way yeah I wish some of these fraudulent federal grant money was going towards OpenSAS something productive yeah exactly you guys are crushing it I know you already know you do a good job of it but just blinders fade the haters thank you sir on that topic you freaks have probably heard me say this in the past But a huge initiative this year is we really want to get the monthly individual donations up. That's just monthly reoccurring donations. So I don't have to spend the next decade as a volunteer trying to raise money so we know how much money we're getting. That's openstats.org monthly. We'd convert your fiat directly into Bitcoin as soon as we receive it. So it's like you're stacking sats to open source developers. Yeah. Let's fucking go. Next on the list, big news, long awaited. You like to see promises made, promises kept. The team at FEDI made a promise when they launched that they would open source the FEDI stack on the 17th anniversary of the Bitcoin Genesis block, January 3rd, 2026. So that is happening tomorrow. I've been close with the FETI team as they've been building this out. It's been a long process, a Herculean effort to get federated Mint, Chomea Mint technology live and working. And that was another good thing in 2025. Obviously, FETI, Mint, the protocol had some problems. I believe that was 2024 with the DNS bug. they fixed and everything that I'm seeing and hearing around the FEDMIM protocol is very bullish these days. I absolutely love to see it. Yeah. To be clear here, there's two things, right? There's the FEDMIM open source protocol. And then there's FEDMIM, the for-profit company. FEDMIM, the for-profit company, their app has been closed source and that will be open sourced as of tomorrow. The Fediment Open Source Project is independent of Fedi the company, and that has been open source the entire time. We actually just gave a grant to one of the lead maintainers, Brad. I'm not going to try and attempt his last name. But we gave him a grant out of OpenSAT's long-term support grant. Particularly one of the things I'm really proud of is the long-term support grants. I had Brad on Civil Dispatch earlier in the year, CD178 in September. Great conversation. But one of the key wins that they had is, you know, I've long said that both Cashew and Fediment, right? So Cashew is single-sig, CharminiCash. Fediment is multi-sig, CharminiCash. They will live or die based on how difficult it is to run the servers. because you need more servers and you need them to be able to be run anonymously. And on the Fediman side, you know, you mentioned the DNS dependency, right? You need to have like a domain and domains can get banned and put on spam lists and stuff. But also there's historically been a VPS dependency. And one of the things Brad's been working really hard on, and I think it's live, at least in beta form, is being able to just run a Fediment instance on your Start9 or other home server at home privately, which I think is absolutely massive, which also reminds me on the cashew side, one of the projects that I'm very excited about for 2026 is Orchard, which attempts to make it much easier for people to just, you know, easily run cashew mints at home privately with like a really pretty UI on, on how everything is functioning and what's going on there. So big wins on, on both those fronts. Again, critical infrastructure necessary to make this easy. I said it once, I'll say it again. I think chomium mints, whether they're launched to be the cashew protocol or the fediment protocol are the manifestation of Hal Finney's idea of a free banking system built on Bitcoin. There are obviously trade-offs, third-party centralization, custody trade-offs specifically. But I think the privacy and low-fee benefits are pretty massive. And again, you don't have to put your whole stack in HOMI and Mint. But with that being said, the permissionless nature of these protocols, I think, is very undervalued. We have the potential to build a new native banking stack on permissionless open source protocols in Cashew and Fedibent. I think that's extremely powerful, extremely undervalued as it stands today. You can literally go download, fork some open source code and build sci-fi banking infrastructure. on top of Bitcoin, using Bitcoin as a reserve asset. Products like Orchard are critical stepping stones to making that easier for everybody to tap into. Cosign. We got next, Phoenix D dashboard. Do we have any boosts? We do. We pull these up. We found ourselves in software updates. We have fun ourselves. It's hard. We don't have the clear delineation of the Human Rights Foundation story of the week. We did the – hey, I can see us. Our largest zap on Noster, on the video on Noster, was 22,122 sats. AI is yang. Bitcoin is yin. Yin is underrated. I didn't say who it was from. Who is it from? Milky. Shout out Milky, thank you sir Alright, top boost from Rabbit Hole Recap 389 Silver Squeeze We got one to read from our boy Mike Clear 22,222 sats, twos across the board Palindrome, boost, thank you for your service gentlemen And Mike, thank you for your service Whether it's at BitBlockBoom Or what you guys are doing at Exergy What you've done in Colorado with Bitcoin Mining there Your service is not going unrecognized either, sir. Thank you for your service, and thank you for the stats. Thank you, sir. What do we got next? It's set at Phoenix D. Dashboard has been released. Self-hosting. I think this is cool. You'll get real-time balance and payments, channel management, send, receive with QR codes, LNURL support, 100% open source, Docker ready. Yes. Yeah, I think this is independent of async. So async is most famously known for Phoenix Wallet on mobile, which provides a very user-friendly way to use Lightning and on-chain. You can just send an on-chain UTXO and it automatically creates a channel. you can easily spend from that Lightning or on-chain. But they also manage, they maintain their own Lightning implementation called Eclare, and they have something called PhoenixD, which makes it relatively easy to accept 24-7 payments if you're a merchant or something like that using Phoenix's infrastructure. I think they charge a flat 1% fee on that. You don't have to run a node. You don't have to manage liquidity. They do all of that for you. But it was all terminal-based. There was no UI. So this guy created a nice, easy UI to manage it and see how your payments are doing. I wonder if this was vibe-coded. I mean, hopefully not. Hopefully it was at least artisanally reviewed after it was vibed. Well I mean It was just a dashboard Giving you visibility into your Phoenix D server Did you see what Have you been playing Opus 4.5 at all It feels like AGI It's definitely not AGI It feels like it though It's extremely powerful My prediction for 2026 Is that there will be no AGI But But, you know, I think you have to be very careful when you're vibing stuff related to money. And one example I'll give is I love the Chain Duel guys. You know Chain Duel, the PvP game for sats? Yes. They were hosting it on a home server, the main ChainDuel instance. And I think it was an umbral. And they like half set up LB Hub and it was exposed on ClearNet. And someone drained all of their money, took all their money. And why do I bring that up? I bring that up just because, you know, if you can send and receive money from something, it's not just a dashboard. And it looks like this guy's dashboard you can send and receive money from. So just something to be aware. And I think people just need to be very careful with that stuff. Agreed. Agreed. When money's on the line. Or like what's the other one? The date doxing app that was vibe coded. all the KYC information. Yeah, that was earlier last year, maybe six months ago. The T app. Yeah, so don't have security if privacy or money is online. I actually, I think that's one of the really interesting things about how Alex Gleason's Shakespeare project handles vibe-coded payments. Because you're not actually vibing a wallet. It's just using Nostra Wallet Connect and Lightning Address. So you're basically just integrating the hooks, but you can't actually send and receive money from the code, which kind of protects you from there. And you're not storing login credentials because you're using Nostra private keys. So you're offloading all that issue, which is credentials and money, and you're offloading that on the side that's completely unrelated to the Vibed app. Yeah, there's a way to do it. I think that's the right way to do it. Shout out to Alex. I mean, it's a really ironic conversation considering our next story, which is money that gets right foot. but I think it's awesome yeah and I think Nick and his his co-founder are awesome I had a great conversation with them a couple weeks ago but Nick is former block and he went out on his own and launched his own company alongside his co-founder called Money Dev Kit and the The idea is, you know, super easy. Similar to Phoenix D is like super easy integration of Bitcoin payments into your website or service without managing liquidity. I think they're charging a 2% fee, but don't quote me on that. But anyway, he's showing how easy it is to vibe up an app on Replit and then just add MoneyDevKit to it. Hell yeah. I mean it pretty simple what they doing right It just simple API call Yeah I mean I think in this case too and I haven tested this out but my assumption here is that the Vibe part is not actually touching any of the send and receive money. So I assume you separately are logging into your MoneyDevKit account to send and receive. So it should be relatively secure in that regard. And with that, with both PhoenixD and MoneyDevKit, the idea is that the user is generating their own private keys so that they're not a money transmitter and that they don't have to do KYC on users. It's a beautiful thing, the infrastructure, becoming more robust, getting easier. to integrate Bitcoin into your everyday life, into your products. Shout out to Nick and the team at MoneyDevKit there. Moving on, this is a pretty interesting story broken on Noster. It seems like there's an ongoing DDoS attack on joint market. Makers, where random Nick, not serving, Onion constantly sends order book requests through directory servers. Makers and directors mostly cope with the load, but the log files, which have a hard-coded debug log level, grow several gigabytes per hour and crash many makers. Join market seems to have been under the radar since its launch. Now it seems like there's a significant attack on it. Yeah, I mean, this is a classic denial-of-service attack. It's going to be pretty hard to Like the solution here is not a real Is not that great of a solution Which is just delete logs Often But we'll see I mean I didn't see A waxwing comment on this yet So I'm sure they're looking into it But yeah This type of attack would be used effectively to reduce the anonymity set if you were trying to de-anonymize joint market users by taking makers offline. Not great. Not great. We haven't talked about joint market in a while. For those who are unaware, it's a coin joint marketplace, particularly for pretty significant stacks of Bitcoin. So very big target on its back, particularly from people who would like to figure out who owns what Bitcoin. All right, next on the list, we have a new Maple model has dropped. So Maple has incorporated. What is K2 just launched? Apparently. Kimmy K2. Yeah, Kimmy K2. Frontier thinking, zero data tracking. in GPT-5, GROC-4, and Claude Sonnet 4.5, which is pretty crazy. Open source models competing with top tier, closed source models, which is an inflection point many people have been talking about and waiting for. So this is cool. So it's a reason. Yeah, I mean, it's fantastic. It works really well. I've been testing it out. Especially with You combine this with the web search Really good Strong Yeah Okay Now we get to the meat of This week's News headlines outside of Bitcoin We have two zaps first Okay Oh, yeah. You like how I just put it as a list item without any links or anything? Florida Justin Zapp, 26,262 sats. At the Fiat Mines, so joining late. Grateful for the freaks and value you bring to my life and family. Thank you, sir. Appreciate you. Sui Generis John, 21,111 sats. This is a de minimis, non-reported gift. Fuck the IRS. What's that say? Thupedvichel There we go Thupedvichel got me Did you see what he said on Our announcement post? No I think Let me see if I Our announcement post He said I plan to make you guys Say really stupid shit for money Okay You got me to do it Thank you for your support Appreciate you Alright Smiley dick hair fraud How do you want to start this Holy shit It's bad It's really bad It's such a betrayal it's uh and it's been going on for a while right that's what i think is the most interesting thing of um the last week is for some reason or another i don't know if it was the way that nick shirley the 23 year old investigative journalist man on the street um broke the news and maybe it's just like the packaging of in the format of the content and combined with timing but But this has been going on in Minnesota for at least seven years, probably more. I mean, there was investigative reports in local news stations in 2018. I think I saw one in 2016, too. Obviously, many people have already been indicted and charged with fraud as it pertains to this particular daycare loophole that the Somalian community in Minnesota has seemed to be exploiting pretty aggressively. but yeah there's definitely tapped into a zeitgeist and people are rightfully pissed off yeah I mean first of all I love the Zoomer Boomer Alliance pretty cool shout out to Dave yeah and Nick's getting all the attention but Dave the Boomer seems to have done a lot of the research and then he needed his he needed a Zoomer ally to teach him how the internet works, cameras and shit. But yeah, dude, it's fucked up. I mean, some of you freaks might have called my joke when I said Bitcoin Park will finally hit profitability because they're going to launch a daycare. Honest Americans are out here working their ass off, paying a shit ton in fucking taxes, and these guys are just running an explicit scam in the order of do we have a total amount of money yet? It's like billions of dollars. In Minnesota alone I believe the fraud tallies up to $9 billion at least and this is not isolated to Minnesota. It's not isolated to the daycares either. That's more than FTX. That's fucking insane. And and and not only it was an explicit, you know, these weren't real daycares. It's very obvious if you did any bit of due diligence. Supposedly, they were transferring millions of dollars of cash in suitcases, in carry on suitcases through the airport and declaring it. They were like, oh, I'm just I mean, you kind of have to declare it. I don't know how you try and sneak millions of dollars in cash in your backpack. It seems like it'd be pretty fucking obvious. But there must have been so many people are complicit in this. Like there's there's no way that this happens under the radar and no one realizes. Well, that I mean. I think there again, a lot of the focus has been on the Somalian immigrants, so I will say I think they all need to go back. but they did not do this alone they did not come here from Somalia and figure out how to exploit these Medicaid loopholes to get all this money like there were people on the ground NGOs legal advice like there is a there are puppeteers above the Somalians who orchestrated and architected all this infrastructure and basically gave them the white glove service to exploit this. And it's becoming very clear that a lot of these daycares and the other fraud that they're doing is like travel services for old people where they're buying cars and not actually taking people anywhere, but getting a ton of taxpayer money. And they're funneling it back to politicians. And I think it's, and that's the other thing too. I've been trying to sort of grapple with this over the last few days because Obviously, there is a lot of Democrat influence in this particular scam, and a lot of funds have been flowing back to Democratic campaigns, but they've also been going to Republican campaigns. And I think this is turning into a left versus right issue, and I do think the left is definitely more religious in this particular type of scam. But the right to think that they're not sort of stealing taxpayer money via fraud in the military industrial complex or whatever, I think that's incredibly naive. Like the federal government itself is completely fraudulent on both sides of the aisle. They just have their different flavors of how they're siphoning off taxpayer funds. Yeah, I mean, I wouldn't be surprised if over half of all government spending is fraud. It's just a staggering amount of money. And I think we're already starting to see the early signs of people seeing this in other states. As you said, not just daycares, not just Somalis. I mean, I think the Somali community, specifically Minnesota, is particularly egregious. And even anyone even kind of associated with it should be deported. But I think this is way worse than just that at the surface. And it's definitely both sides. I mean, what? I mean, we've seen – it's gotten to the point where the Overton window is like people aren't even surprised with this shit. It's just like they expect it. They expect this fraud. But I think once you see it firsthand and see how staggering the numbers are, it really pisses me off. It pisses a lot of people off. You're breaking the social contract. You're completely breaking the social contract. Why are we working our asses off and paying tax dollars when you're just gaslighting us? Yeah. And you think, I mean, if you think about the social consequences, particularly long-term social consequences, I mean, it's a very big theme in the country over the last couple of years is the fertility crisis and the fact that younger millennials and Gen Z specifically aren't getting married and having children. And their number one reason for not doing so is they don't think they can economically afford it because of how expensive childcare is. The fact that they're not able to get good jobs, and even if they are, inflation is ravaging them. And meanwhile, you have millions of people being imported and then just handed the taxpayer money that we're all paying. I have done my taxes for 2025 already, and my tax bill is tens of thousands of dollars that I don't know if I want to pay. It's like, hey, why would that money be better spent on me and my family and supporting my business and local economy? or am I just going to hand it over to the IRS to have them funnel it to some scam? That's likely what's going to happen with the money. And the over to window issue, I think a tax revolt is completely justified. The case for it has never been stronger. And it's just figuring out how to do that because you're not going to vote your way out of this. You have to starve them of their revenue. And I think this is a big – this is going to be a big issue. This is going to be make or break for this current administration. like how they respond to this, if it's another half-assed. Because we think, like earlier, we started the year. We bookended the year with, like, incredible fraud being laid bare at the beginning of the year with Doge and USAID. There's been no arrests there. I think they've stopped funding for it, but there's been no arrests. There's been no accountability there. And then we end the year with Nick Shirley laying bare this Somalian daycare fraud, which is spreading like wildfire. exists, it seems like, in every state. So why are we paying taxes? The income tax is supposed to be temporary. It's supposed to be for the uber wealthy. I don't know if you've seen the stats, but people are running the stats out there. If 50% of the annual federal government budget is fraud, which it seems highly likely to be, and you were to eliminate that fraud, you could eliminate income taxes for anybody making less than $600,000 and be able to fund. We should just cut taxes. No taxes. Tariffs only. Tariffs and printer only. It's clean. I like it. I like it. It's very clean. If Trump wants to dominate in the midterms, that's what he should do. I'm not holding my breath though. I yeah. I don't know. This is – it's fucked up. It's incredibly fucked up. It's crazy watching it spread on socials. I mean, I think – I'm definitely not minced words when it comes to Elon. But I think if it wasn't for X, it would have been hard for it to go viral the way it went. I mean, people were comparing X numbers versus YouTube and other mediums. This is a perfect example of the type of thing that would get crushed in the past in terms of view and reach. So I think that is a positive sign. I will say just keep in mind that X numbers for views are incredibly inflated. It's like if you scroll past and then autoplays for two seconds, it counts. And you can see that by comparing our show's numbers, for instance. Anyone who has a show knows the dirty secret is that X numbers are like insanely inflated. But still, presumably, if X didn't have this more laissez-faire policy, we wouldn't have seen as much virality to it. But just to put my tinfoil hat on real quick, since you've been dealing with family flu, when did Shirley break this story? I think it was the 23rd. The 23rd. I know where you're going with this. I like it. The 23rd, specifically Somali fraud in Minnesota. Well, there's tons of fraud everywhere. The 25th, Israel recognizes Somaliland, the breakaway state in Somalia, as a sovereign country. Somaliland, they're the first to ever do that since the 1990 separation. Somaliland recognizes Israel as a sovereign country. Israel agrees to build a military Israel gets permission to build a military base On their coast Which is like perfectly Geopolitically aligned With the Red Sea entrance Right across from Yemen I love playing Civilization Primo spot for a city Drop a Naval base right there And then he comes and visits Trump and spends New Years With Trump and does this whole America tour. And so what would be the motive for doing that? Well, I think there's rightfully a lot of hate towards the Somali community right now in America. I mean, people are like, re-watch Black Hawk Down, which you should, by the way. My dad took me to that when I was way too young. But it really shaped my adulthood But Yeah so it fosters hate But also like I wonder You know How much of that money was going to Was funding the non-Somali Land government So that's a theory I'm not sure how far I've fallen down this rabbit hole So the theory is that It was terrorist finance Yeah it's about Israel in conjunction with U.S. politicians and NGOs was using this Medicaid fraud to funnel money to Somalians who were living in Minnesota, other places in the country, spending that, not going to work. But then also, as you mentioned earlier, they're going through TSA with duffel bags full of cash, millions of dollars, sometimes going back to Somalia. And the theory is that they were paying off El Shabaab to basically get the okay on Somaliland so that Israel could do this. they had to grease the hands first. But wait, he could be that direction. But it could be the opposite direction. Is al-Shabaab on the Somaliland side or the Somali side? Who are they? I'm not sure. I think it's on the Somali side. I'm not a Somali expert, but from the rabbit hole. That's what I'm saying. So then they cut them off. They want to cut them off so that they can make this Somaliland split up even better. Right? Well, that's what... Well, I hear they're greasing them to make the Somaliland thing that's like, all right, we're going to give you enough money where you'll let us take Somali land and build a military base. But then they threw them under the bus. It's all. Right, when they did it. Yeah. I don't know. Something reeks there. That's... It stinks. And then at the same time, like calls for war with Aranov. Yeah. Yeah. Trump is tweeting about it. That's why I'm not holding my breath on Trump actually doing something like this. As you see, it's true social posts. He's like, we're ready to support the protesters in Iran. He's supposed to be the anti-war president. He's like, okay. You implicitly said we could potentially put people on the ground in Iran on the first day of the year, 2026, while we have this massive domestic boiling point that's been reached, and people are incredibly pissed off. would not be good. We have a 42,000 SADZAP from SilentLink. He says, please support Bunker, guys. I was actually talking to him on Signal and helped walk him through that ZAP. NSEC Bunker, specifically so you don't need to put your NSEC in Primal to ZAP if you're using Primal. yeah like I said we have a lot of big updates coming this year and specifically I think the bunker aficionados will be very happy with broader support on that front but anyway silent.link I love it fantastic you can get a no KYC eSIM pay for it with Bitcoin get data around the world works really well and it's cheaper than a lot of the alternatives I think the prices are very reasonable. It's prepaid. So you only pay for the data you use, which is particularly great for me because a lot of the time I'm just on Wi-Fi. So why pay a monthly bill? We got another zap from Northwest Arkansas Bitcoin Club, I believe. I can't see the full name. 21,479 sats. Daycare opening next week. For real though, we have our first meetup Saturday, January 3rd at Puritan Puritan It's like a play on Puritan Puritan Coffee at 9.30am January 3rd, it's tomorrow, 9.30am Saturday, be sure to ask them if they accept Bitcoin yet I've got a big old shop around the corner Square Terminal I'm dealing with the guy I'm like, hey, went in two weeks ago. I was like, hey, do you guys accept Bitcoin? He said, no, we're working on it. I went in this morning and I was like, hey, did you get the Bitcoin thing figured out? He was like, no, I got to figure out my pitch to him. I'm going to be behind it. They got to make it easier. Specifically, if the merchant doesn't want to keep the Bitcoin, they just want dollars. It shouldn't require some kind of admin setup. It's just dollars anyway. But just, you know, The product's relatively new, so they'll turn some knobs, pull some levers, and make it easier and better to use. By the way, on the silent on link thing, I think if you use code RHR, you get a discount. When in doubt, just put code RHR into places. Yeah, try it everywhere, everywhere. Amazon, whatever it may be. Props for props are due. You're just sitting on the federal government, but get props for props for due. major NFA tax stamp update yesterday. We can still see $200 over this. The $200 federal tax is eliminated from most commonly transferred NFA items like suppressors, short-barreled rifles, and short-barreled shotguns. To me, this is both one of the big wins and the big misses of this administration. The win is that you no longer have to pay $200 to register an SBR or a suppressor, but the loss is that they're still requiring an unconstitutional list and registration of people that have them. Otherwise, you get thrown in jail for 10 years. Or if you're the Weavers, you get killed over it. So, I mean, that list is unconstitutional. Hopefully, this is the next step towards that because the argument historically since the 1930s has been, oh, it's not unconstitutional because it's a tax. But now there is literally no tax. Anyway, it's been crazy. If you've been watching it, that went live January 1st. And I guess unofficial numbers have like 90,000 submissions or 100,000 submissions. People are like submitting potatoes and like oil filters and stuff because there was an inadvertent spam filter basically because you had a $200 payment that you no longer have. So people are just like registering like 100 different items at a time. So it should be interesting to see how they handle that. But it's kind of wild to witness, which is why I had it on the list. You love to see the trolling of the American people to their government. We've still got that fight in us. We talked about it last week. Some updates here. Oh, yeah. So I go ship or pick it up. You can see that I was a little bit tired this week. So my the titles of my list items are kind of phoned in. But two things First of all I saw a lot of takes like oh we just cut out all the ships We just we just if war breaks out we just we just blow up all the cargo ships. And, um, I posted this after RHR last week, but the number of cargo ships in the water is fucking insane amount. You can't just blow up all the cargo ships. But the second piece I wanted to cover was this X post Do you see the other post there, Logan? The other link there? Since last week There's now, there's photos of Them putting, you know those You know how our aircraft carriers have The slingshots that like launch the planes quicker On a short runway China has added that to their little cargo ship demo thing to launch UAVs, big UAVs, from the decks of cargo ships. And as you can see, that thing's on wheels. So you can do it on land, you can roll it onto a ship, whatever. And also you have a super high-res vision of the missiles in the cargo ships. And the reason I bring this up specifically is, well, first of all, that's pretty scary in terms of capability but second of all like china's been working on the ship for a while like the reason this ship is going viral and everyone knows about it is because they want us to know about it like that is the technique here that's going on so just be aware and keep that in mind when you're thinking about this stuff is that um you know china obviously wants people to believe that any cargo ship can be weaponized very easily. And that's why we know about it. It was very reminiscent of the U.S. and the Allied Forces strategy in World War II. Remember, they set up the fake tanks and stuff on the one island. Yeah, but those are like inflatables. Yeah, as like a diversion. I mean, if you look at those UAVs, they look like inflatables. They're like wrapped in No they have They're wrapping them so we don't know what's underneath them But Could it be a diversion? Is it like a diversion? It could be It could be Which is why I bring it up But also Like if I was them If I'm going to put my Civ hat on again You know In terms of force projection we have them beat and we've had them beat for a while. And they've, you know, they've countered in different ways. They've built, you know, their islands, which are like basically like stationary aircraft carriers with anti-ship missiles on them in disputed territory. But they're crushing us in terms of commercial ship production. So this seems like an obvious Obvious win for them Like why build a purpose built aircraft carrier When you could have A thousand Cargo ships with missiles on them And UAVs More distributed Harder to take down a fleet Than a massive Carrier Makes a lot of sense Much cheaper so be aware be aware they want us to know they're signaling we would not see as Matt said we would not see this if they didn't want us to so see where it leads will they come to the defense of Iran is that how World War 3 is going to start we're going to go bomb Iran on behalf of Israel and then China's going to come defend Iran and we get dragged in hopefully not speaking of Israel I'm sure all of you saw the clip, or many of you have. There was an Israeli billionaire, Shlomo, calling for restricting free speech in the United States using the power of AI. Just play it, Logan. It's actually three minutes. Don't play it. It was three minutes. Yeah. Oh, wait. This is a 35-second clip. Play the 35-second clip. Okay. I don't have the audio totally set up in my away. You're fine. You're fine. But anyway, he basically just said... I got the verbatim quote here. I know it's difficult to hear, but it's time to limit the First Amendment in order to protect it. Retarded. This is what we're up against. These dudes. And look, pull up that I know you can't play it either but I mean this is again bringing it back to Israel I think that's one thing that went under the radar in 2025 was these anti-Semitism free speech laws that went into effect I believe in Florida maybe Texas as well which are supposed to be bastions for freedom but there really is this attack on free speech and the First Amendment here in the United States and particularly as it pertains to they're using anti-Semitism as the as a scapegoat. And this guy, I believe is the attorney general of Florida said, um, he's standing against the first amendment saying you don't have the right to harm other people with your words and to say things that have negative meaning. It's completely insane that you have, he's either the Lieutenant governor or the attorney general. I forget which one exactly, but, um, they're coming for speech here in the United States coming for the first amendment. and you can't harm people with speech. People can get offended, but that's an indictment on their relatively thin skin, if you will. As long as you're not inciting violence or anything like that, you can say whatever you want. Yep. And to be clear, the Israeli billionaire was not, he wasn't really going he wasn't using the hate speech angle which was interesting it was like AI and deep fakes and like inciting mob tactics and stuff because of AI it was like an AI safety argument anyway it comes in many different shapes and sizes but this has been a constant fight It will be a constant fight. And yeah, I mean, I think this is why tech like Noster is so important. Incredibly important. Freedom tech. It's going to win at the end, freaks. It's going to win in the end. You got to keep building it. on the topic of ai safety um the next story is about grok basically going ham on trump being a pedophile uh on x these last few days have did this hit your radar yes i didn't see this one of uh xi jinping but i have seen the trend of people asking grok to remove the pedophile with a picture of Trump I saw one of Trump and BB was paint the pedos face black and the war criminals face red and they painted BB red and they painted Trump black I want to be clear I don't think the people leaning on the Epstein stuff I don't think there's convincing evidence at least to me, that he's a pedophile. I'll be clear and say that. I think he probably is, and I think it's probably crazy. I think it's a little bit crazy how normalized that thought is. He's a sitting president of the United States. I mean, look at this tweet. This tweet has 8.4 million views. We already said views are overstated on X, but still it's a staggering amount of views and it's pretty much just people like, Oh wow. Like rock is based and saying it as it is. Um, I mean, this also goes hand in hand by the way, with like, I'm kind of curious on your opinion, like rock, basically like undressing ladies in the comments. Um, have you seen this? They're like, they're just putting women in, in bikinis. Um, which i mean i think is an interesting uh first of all i think uh it's being used in an harassment role but uh i think it's an interesting thought process because i think this is the world we're going to and bikinis is like the step before you know fake nudes of anyone you want um which is going to be i think a hard thing for society to grapple with. Yeah. It's going to be a sovereign individual who predicted this. The ratio of signal to noise is going to be insanely low. There's going to be very little signal and a ton of noise that you have to develop the mental fortitude and capabilities to filter. It's not going to be easy. On the Epstein-Trump stuff, I asked the freaks to send me any deep dives they had on the Epstein list last week, if you remember. And one of them sent me this website, EpsteinSecrets.com. Logan, can you pull it up? It's pretty crazy. Like, you're telling me, like, Trump is not caught up in this shit? Let me see. They have them with 3,000 connections. So this is like, you know, the meme of Charlie from Always Sunny with like all the, like the wall, all the lines moving, all the lines between people or whatever. This is like an automated version of that with the Epstein list, like all the Epstein dumps that have been public connecting people. And you could put different people in. So like for instance Just I mean He's definitely also involved Put Bill Clinton in the top instead I think if you go to If you go to dashboard No go to dashboard You don't have to sign in Go to people and entities maybe 1386 mentioned How do we get back to the line graph The line chart Anyway All of these guys are connected I think this shit is Really bad I see a Jane Doe in here Who's Jane Doe I don't think we'll get any real Substantive answers Or repercussions from any of this shit either No No Which Look at that Look how crazy that is and by the way no you can't put your way out of it stop paying taxes save your money in bitcoin I mean it is like we laugh because it's like oh we all know we've talked about this many years in the past we used to get very uncomfortable when I would bring it up it's like hey what is the only other way what is the logical thing here It's like you can't vote your way out. Both sides are corrupted. They're literally taking our money, stealing it from us at gunpoint and handing it to frauds. They're importing people from around the world to do not share our values and not respect our customs or norms or our communities that we've built over the course of centuries. and they're quite literally pillaging the country. What are we to do? I think the only logical thing is to cut off their revenue. And I think there are people taking this seriously. I will say on the record that I have paid a shit ton of taxes. I continue to pay a shit ton of taxes, And I encourage the freaks to pay their taxes. This is a hypothetical. I'm just saying. I'm just trying to explore the – It's not hypothetical. In Minecraft. I'm just exploring the problem space of like what do you do? Look, the fucked up part is all taxes are unconstitutional. And they have a gun to our heads. And they're going to make – they've made examples of people that have gone against them. They will continue to do so. It's incredibly fucked up. And under that, under those auspices, as someone who really cares about his family, I'm not going to encourage anyone to do a tax revolt. But, I mean, I think what can be done, and it's an interesting game theory there. I mean, we give Peter Schiff a lot of this shit, which he deserves, but his dad, I mean, fought taxes on constitutional grounds and he died in jail for it. So there's a game theory there in the beginning if people are trying to push in this direction. I mean, obviously, I'd much rather see just taxes get abolished, which I support. But, I mean, look, the U.S. government is surveilling people's $600 Venmo transactions and then paying out billions of dollars to fake daycares in Minnesota. It's treasonous is what it is. but meanwhile we have gun store heads and that's the scenario we're operating under right now it's almost like we're open air prison slaves in a large country do your work give us our 40% and go about your day to stop complaining. I think it gets even more bleak when you combine that with the big tech stranglehold on our digital lives and how intertwined they are with big government. I mean, someone was critiquing mandibles than Bitcoin Standard because they said, no, it's more like 1984 and Fahrenheit 451. Yeah, it's little pieces of all this shit. They got you addicted to scrolling, not paying attention, moving from one thing to the next, pumping everyone with drugs, over-medicated population, shitty fucking food, burning books, rewriting history. like it's a combination of all this shit telling you not to believe your lying eyes that's the like the nick shirley thing the the whole i mean so that's the that's the thing that's the other thing like we're at this weird inflection point too because the the reaction to the nick shirley video is so predictable i mean there was And many people are like, all right, here's what CNN and NPR and all these mainstream media companies are going to do. They're going to, number one, attack Nick Shirley and not actually cover the fraud happen. They're going to investigate themselves. And there will be press conferences with a bunch of Somalians with kids that are supposed to be attending the daycares and saying, yeah, yeah, look, we're doing it. It happened. Do you see the one guy The one Somali who was like Yeah someone broke into our daycare And stole our documents Who does that That's not a real thing People don't steal documents from people He was wearing $2,500 glasses And then there was another There was a Somali woman in her burqa But she had a 5 carat ring on We're running a legitimate business here Did you see the one Of the Somali woman who was clearly reading a pre-prepared speech, and one of the lines was, fraud is bad, and she was so confused why it was in there that she just freaked out and walked off stage. She started crying. Clown world. It's so bad. It is bad. I'm going to need to go have a beer about it after this week. Shout out to pseudo-Carlos. Carlos, excuse me. Long-time OG freak. Maybe number one freak in terms of minutes of this show listened by one listener. 21,000 stats. No taxes. Who will build the roads? I will build the roads. If I had to build the roads to avoid this humiliation ritual, just paying taxes so that my money just gets funneled to overt fraud, I will learn how to build roads. Carlos, I'll build your road for you. I will say that, yeah, first of all, I think private enterprise is more than capable of building roads. No Cito Carlos knows this. But I also, you know, I think there's a little bit of nuance to my thoughts around taxes, which is that, like, the more local you get, the more reasonable they are. The particularly egregious ones are the federal taxes. But like if you're in like a small town Small town USA Like the local government's governing over You know a couple thousand people There's way less room for corruption there And as a result I think Those types of taxes are more ethical And you can easily move right You can move to the next town over Move to a different jurisdiction As you get bigger it becomes more coercive In the US we have an exit tax So you don't have the free movement of capital To vote with your feet States, it can be very expensive to move between states Some people are just not financially able to move between states We're seeing California For instance right now they're going after billionaires And a bunch of the billionaires are moving out of the state But there's a lot of people that can't afford to move out They're stuck, their job can't go remote and their house is illiquid and where most of their net worth is and they're stuck. Yeah, I'm happy you brought up California because there was a great tweet that I'm trying to find. Hopefully we can pull up. But another thing, too, is our billionaire class, let's not pretend that they're without any blame. I think we have the worst wealthy elite in human history in terms of taste and actual civic duty being recognized and people actually leaning into it. instead of Henry Ford and Rockefeller who spent their wealth to build up their dominion, their locality, we have Bill Gates spinning up the Bill and Melinda Gates Foundation to force vaccinations and kill all the cows across the world. And that was... They brought up all the farmland. Yeah. I've retweeted so much. If you've been following me on X, you'll know that I'm very pissed off about this fraud and just been mass retweeting anything, talking about it. But there was basically a tweet out there that the worst thing that could happen in California, the state government specifically, is if the billionaire class basically stood up and said, hey, we'll fund a bunch of this stuff. We'll build this high rail system that you've spent $17 billion on, but haven't laid a foot of track yet. And I think there is some onus on the wealthy elite in our country to step up and begin funding this stuff outside of the purview of the government. Instead of like Bezos, what are you doing with your second wife and Turks and Caicos at like a napkin club? You're supposed to be like the third richest man in the world. You've got to have better taste. We need billionaires for better taste. Did you see the Cloudflare CEO? No. In his New Year's post? What was he doing? Let me see if I can find it. Everyone's like, now we know why the outages are happening. Well, in California, I mean, why are you finding that? Like in California, the state audit committee uncovered $70 billion worth of fraud across that high-speed rail and a bunch of other things. And now they want to put a 5% wealth tax on billionaires. It's like, what are you going to do with this money? Like you've proven that you're – They're just going to waste it. That's why I do think like, yeah, like you should – look, you should stand up for your community if you have the means. But California, I think, is too far gone. I think specifically in the California case, you have to cut off the spoiled child and you have to just move. You have to cut him out. I mean, I don't know if you saw Ro Khanna fighting with billionaires on X. It's like the time for arguing is over. You just move. Logan, pull this up. I know you're not going to have sound, but I don't think you need sound. Press play. Oh, God. Look at his smile. Is he grinding? it's like these tech these tech people it's like they never had and this is why this is why I worry for younger generations too kids this is probably going to come off terrible but you should be throwing keg parties at like 17 and interacting with your friends obviously taking Ubers to wherever you're going and not drinking and driving but like we need it's like these people never had fun when they were teenagers, like good old-fashioned fun. And they're trying to relive it in their 50s and 60s. Yeah, I mean, Bezos definitely did not. He was a geek. You don't get support the geeks. Invite the geeks to the party so they don't wind up like billionaires without any taste and doing things that they think are cool that are objectively fucking horrible. I think it's important to realize here that Cloudflare is basically an extension of the government and operates a mafia style business where they take down your website if you don't use them and put them in the middle of all your traffic so I'm not too surprised I mean his PR guy is probably like what the fuck are you doing why did you post that but yeah they can go fuck themselves and just a really creepy video yeah alright first rip of the year I think it was a good one yeah I want to be clear vibes are high we need freedom check more than us so focus on what you can change Build up your local communities Raise strong families Opt out with Bitcoin and other freedom tech Like Noster We're under 90,000 again We need you guys to go smash by right now Our prediction is already off Number go up needs to happen If we're going to get out of this Go do your part Happy New Year's to Sam Rumble stack sets. Peace and love. Okay.