Bitcoin is close to becoming worthless.

Now what's the Bitcoin? Bitcoin's like rat poison. Yeah. Oh. The greatest scam in history. Let's get it. Bitcoin will go to fucking zero.

Welcome

back to the Bitcoin Brief, the show where me and q and a catch up every two weeks to talk about Bitcoin, privacy, open source, keeping your Bitcoin secure, and the news and software updates that matter.

I just wanted to say a massive thank you to everyone who's been supporting Ungovernable Misfits, and a big thank you to Foundation Devices for supporting the show. If you haven't already checked them out, go to foundation.xyzed.

They make cipherpunk tools for fuckwits, and anyone can use this, even me. If you have any questions or you want to reach out, feel free, and I'll be happy to go through things with you. For anything super technical, I'll pass you on to queue. If you wanna buy one of these incredible passports, use the code ungovernable.

It will get you a discount, and it will let them know that I'm shilling. I'd also like to say a huge thank you to the Cake Wallet team. Not only are they supporting this show, but they're also bringing out some incredible features.

For those of you who actually use Bitcoin and actually care about their privacy and security, Cakewallet make it incredibly simple for you to live outside of the traditional financial system.

You can use CakePay within the app to buy gift cards for food, petrol, and whatever else you might need day to day. You can use silent payments, and, of course, you can use Monero. You can connect both Bitcoin and Monero nodes, use coin control, and this team are constantly innovating.

And I'm really excited to be working with them. If you have any questions, you can reach out to me, but check them out at cakewallet.com. Download the APK or start using this today on Mac, Windows, Linux, iPhone, or, of course, your Android device.

Enjoy the show. Good morning, mate. How are you? Good morning. Yes. I am very well. Had a good weekend full of fun packed family activities in the sunshine. So, yeah, no no complaints from my camp.

Productive Monday morning and all is well with the world. Is it still so hot in The UK that most people are whinging, or is it that perfect temperature where everyone's happy again? The edge has been taken off slightly.

Okay. I would say it's probably a few degrees warmer than I would like to call optimal, but it's definitely not only as bad as it used to be. But we're still kind of fans running at night to to sleep sort of thing, so it's warm. What is your optimal operating temperature?

I wanna say in the range of 18 to 22 degrees. That's quite a nice range actually. Warm, slight breeze. I go slightly higher, personally. I would go more like 20 to 25 in that range would be for me where I'm where I'm happiest. But you gotta have the breeze, and you don't want it too muggy.

And then Mhmm. Anything past that starts to get a bit like, I wanna be in Yeah. In the sea or You want shorts and t shirt, but not too hot to exercise. That's yeah. Exactly. That's ideal. That's ideal. That's why everyone who's like, oh, we go fucking live in Dubai and are you though?

Are you in, like, 50 degree fucking heat where you have to be in air conditioning all the time? Otherwise, you just die. I'm not sure about that. There's something to be said. Europe is shit, and we're about to get into one of the many reasons it's fucking terrible, but you can't beat that, like,

oh, that, yeah, that that sweet spot where you're in Europe and it's weirdly, like, rarely warm, like a perfect summer's day in England or you're in Italy or something and you just get that perfect weather that you don't seem to get anywhere else.

Yep. Certainly is. Certainly. Sorry, mate. I've just gotten distracted. My my mom just texted me, and I just it was about some some childcare issues. So just one sec. I already know. We've already we've already got full coverage of all your messages.

Docs. Yeah. Hold on. No need to edit that out. Like, that's life. Alright. Cool. How's things with you? Any any tales? Any tales? Nothing interesting, mate. Nothing interesting that I can talk about at the moment.

Just trying to think if there's literally no. Literally nothing interesting that I can talk about. Alright. Well, AOB for me, all foundation related. We spoke on the last show about the Envoy two three zero bumper release that was the last time we recorded that was in beta.

Loads of good stuff in there. I won't go through the full list, but for those of you that missed the last show, completely redesigned Sendflow. You can manually rescan accounts for missing transactions. We've got a full address explorer.

You can sign messages to prove that you are in control of specific addresses if you use use certain European exchanges.

And the best one is a new transfer feature between accounts. So completely removed the the need to kind of copy and paste the addresses between your own accounts if you wanna move from hot to cold or vice versa. It's all kinda like baked in now and works quite nicely.

The reason I'm bringing it up again is that that is now main release available in both of the app stores and ready for you to install. That's a nice feature, actually. I've not tried that yet. Yeah. So how would that work as a flow? Is that the same as, like, I might have done in Sparrow where, like, you have different

accounts or addresses? Yeah. So so, like, let's say I've got a passport account and I've got a a mobile wallet account, and I wanna take some funds out of cold storage because I'm going to the Bitcoin conference

and, you know, I want a couple $100 worth of spending funds without having to, you know, take out my cold storage with me to Vegas or Nashville next year as it as it is. Typically, what I would have to do is go into the the mobile wallet account, tap receive, copy the address, go back out to the account view, go back into the

cold storage account, tap send, paste the address, enter the amount Yeah. Press send, do all the QR code dance. This time, what you all you have to do is press transfer. It will default if you're inside of an account, it will default to assume that you wanna transfer from that account.

And you'll just basically just get a list pick, and it'll be like, I wanna send to, you know, my my mobile wallet account. You tap that, it automatically grabs a new a new empty address, pre populates it all for you, streamlines all that side of things, so there's no copy and paste in,

and then you'll just launch straight into the typical send flow of how much you wanna send, what's your fee, yada yada yada. Very nice. Very nice. We also have a new beta release available in the foundation world. That is KeyOS, the the firmware that runs on your Passport Prime version 1.3

is now available in public beta. I wanna stress that again, public beta. This is not a main release. Check the show notes for how to access that beta if you wanna test it out. If you don't wanna test it out with your main device or your only device, just give it a couple of weeks and it'll be main release.

But another huge release, it's been a long time coming, 1.3. You can now import external bitcoin seeds and gnostic keys into your vault. So great if you've already, you know, well entrenched into various different ecosystems and you wanna use Passport Prime to back up all of those existing seeds.

Mhmm. Then you can just import those via typing seeds, scanning QR codes, and have them all stored and backed up in a single location for some extra redundancy. We've got BIP 85 password generation, so the device will now spit out deterministic passwords based on the BIP 85 standard for you to use,

well, anywhere that takes a password essentially. Mhmm. We've also got bulk imports of all your two f a codes from Google Authenticator.

So this is a main a big gripe for a lot of customers understandably up until this release was that we've got this two f a app, but people already have their own, you know, Google Authenticator or similar on their phone.

And the only way to go from one to the other, you know, to migrate to Passport Prime was to do them one at a time, which, you know, nobody in their right mind is gonna do. That's gross. I did I definitely didn't do it myself.

You can now do that via in bulk from Google Authenticator, which is, you know, one of the more common ones, and obviously, we're gonna be expanding that pretty soon as well to to be able to ingest two FA codes from,

you know, you like your backups from your Proton pass and Bitwarden, etcetera, etcetera. Mhmm. We've got a new universal QR code scanner. Basically, just tap the QR code button in the bottom right corner, and it will just work out what you're scanning and then open the the correct app. So it might be a PSPT.

It might be a two FA code that you wanna bring in. It might be a seed that you wanna add to your vault. So it's lot smarter, and it'll just figure out for you rather than you having to navigate around.

And then loads of boring stuff that I'm not gonna deep dive on, like faster everything's faster, things are smoother, improved connectivity, all that sort of stuff.

Yeah. So just to recap, that is in beta. It's probably gonna be in beta for, you know, minimum one to two weeks and then all being well. If there's no showstoppers found during the beta period, then that'll be main release and you'll see that in available to to apply from from your passport prime.

Do you think that new release will be out by the time that we do our testing? Our testing? Yeah. We're doing some live testing. Oh, okay. Well, it's not technically testing, is it? It's technically a setup process, but it will be testing for your patients and for your firmware Yes.

For foundation as a whole. The short answer is yes. It will be. Yeah. Okay. Good. Next on our list, I've been doing some polishing to the documentation website. Now looks a lot more on brand for foundation, a bit less boring.

The raw content is is very similar. Obviously, it's been updated with all of the releases that I've just been talking about. But it now looks, you know, it's a lot nicer of a place to be, and it also has dark mode, which I'm very happy to announce. That's what really matters. Exactly. Yeah. We're talking about the important stuff here.

And then the final one, and this is arguably the most exciting one for for me personally anyway, is the the app showcase is now live on the website. I don't know whether you've seen this yet, Max, or whether I've even sent it to you, but click that link in the show notes and you can have a look at it.

Me live on the show, but the TLDR for people that are listening is, well, as the name suggests Where's the link? It should be in it's under AOB at the top of the show notes, the fourth bullet point.

Mhmm. It says app showcase is now live. Nope. I only have two bullet points. Oh. Maybe mine hasn't updated. I just refreshed it as well. Refresh it now. Ah, now it's now it's That was my fault on my end then. So, yeah, for the listeners, this is, as the name suggests, an app showcase where

basically behind the scenes myself and a couple of other team members have been building lots of proof of concept apps for multiple different purposes to see what the you know, to test out the developer kit, first and foremost,

but also to raise a bit of awareness of, like, this is not just a hardware wallet with some, you know, additional cool app like 2FA and stuff like. This thing can literally do whatever your imagination allows for.

So currently we have, you know, I've built this web web page basically to showcase and link to GitHub as like proof of work, various different apps. We've got an offline cake wallet from Monero spending. We've got a Nosta event signer so that you can move your Nosta private keys offline

and have it sign all of your Nostra events without having to either use a standalone app on your phone to to keep your private keys and sign events or to even worse, paste your private key into various different Nostra clients.

We've also got the password manager where you can have it plugged into your computer and have them all stored offline. Again, removes the need to store them all in a browser extension.

We've got a Liana signer for Minscript Vault, Nunchuk agent signer so that you can have a collaborative wallet with your AI agent so that you can set thresholds. You can have the agent be able to spend x amount per day and then need to for you to authorize specific spends

over a threshold or to specific addresses, things like that. So that you can writing a lot about this sort of stuff. Exactly. Yeah. We're into a brave new world where we need this hardware root of trust.

On that same vein, we've got a Spark signer. So those of you that know about CakeWallet and know about their radar release, which we're gonna talk about in a second, uses the the Spark scaling solution run by the company Lightspark.

I've built a sign up for there as well. A colleague of mine built a Frost snap coordinator for Frost based multisig. I I think you've had the Frost snap guys. Oh, We have on. We've at Friday for been week. At Friday. Yeah. That was a good one actually. Like that. Yeah. We've also got social recovery so that you can

create your own backup sets with NFC key cards so that, you know, if if your friends and family members have got passport primes, you can share parts of your master key so that you can call upon them to recover in the event that you Is that just to do on the cards, is it?

You can do it on cards or you can share share it via a QR code direct from one passport prime to another, and it gets kind of stored on on their passport prime. All

of that is, you know, you're only sharing one part of the the secret with a friend or family member. So if they lose it or they try to do something malicious with it by design, they can't. Yeah. They can't. Yeah. Exactly.

We've got PubKey, which is John Carvalho and his crew. They're kind of sin oh, sin in it. That's the word I was looking for. That company, they did their own kind of social media take on on Noster, I guess, that which is based on public private key cryptography.

So one of the guys built a kind of key chain for the app. We've got secure notes, nunchuck inheritance, x four zero one which is a like kinda like a human authority approval standard that's quite nascent at the moment. I built an offline kind of signer for that. Mhmm. Plain old calculator app as well.

Those are all internal apps that we've been kind of building out as proof of concept. They're all in various states of finished. Finished? What's the Yeah. Progress? What's the word? You know what I mean anyway.

Not to be very clear, none of them are production ready. These are proof of concepts. They all all of mine, the ones I spoke about, all work on hardware. Some of them are only simulator ready at the moment, but the the idea is to say, look, this is what we can do.

This is what the device is capable of. And look, we've got this awesome developer kit so that, you know, go and get your hands dirty. If you've got an idea, just go and build it. Like, it's never been easier with the developer kit and with the help of AI coding agents, especially the frontier ones like Fable, Opus, GPT five, six,

all that sort of stuff. Some of these I built in under a day. Like, it's it's absolutely wild what you can achieve with the combination of open hardware, open software, and, you know, the front And an some open imagination.

Yeah. So all of those app ideas I just spoke about are all showcased. You can see them. You can view the code. You can go see what they look like on device. And there's also another tab there for third party ones, is empty at the moment.

However, over the weekend, I got an email from some guy who sent me links to seven, yes, seven apps that he's just gone and built in his own time Very much. Under his own steam. He just pulled the SDK and he's like, yep. Oh, by the way, I've seen that you've got a third party section on the website for this app showcase.

What do you think about featuring these? And I was expecting like one, maybe two, he's like, there was a list of seven. I'm like, holy shit. Wow. So That's fucking cool. Yeah. Go and check them out. Get some inspiration.

All the links to the developer kits are all there as well. You don't necessarily need hardware to build this. You can build it just with your computer on using the the kind of passport prime simulator.

If you get to a point where you think you've got a really, you know, good idea, it's proven in in the simulator, get in touch if you wanna test it on hardware. We've got some developing units that we can send out. We're we're all too happy to to help foster that ecosystem.

Prove it out first. Send us some proof of what you've built. And and if you think the next step is hardware, get in touch. We we'd love to support you. I just thought of quite a not one that I personally use, but you know a lot of people who jump in and out of different

crypto assets and, like, track what prices they buy at and try and trade or whatever and just, like, interested in knowing what their average buy is and that kind of stuff. It's quite common for people to throw all of their information into closed source apps that you can download off an App Store,

which is gonna store all your data and presumably goes to the wrong places. Like, you're gonna give away, like, what you have, when you've bought, where you've bought, etcetera. Something like that would be pretty useful where it's, like, not shared with everyone.

Yeah. I I think there's a couple of problems with that is, like, you're talking about dealing with a lot of data on a relatively small screen. Oh, really? You you also need It's not a lot of data. That's that you're talking about, like, it's just buy price, sell price, total amount. It's pretty simp it's, like, quite a simple

And are you talking about, like, you're importing all of that data? So you already have the buy price and you already have the sell price, that sort of thing.

And then you're just storing that on Passport Prime, or are you talking about giving Passport Prime the transaction information and saying, right, go and get the the price on that day so that you can work out your cost basis? No. I'm saying either either you import it, something you already have, or if you're tracking, like so today,

I buy off q a thousand quids worth of Bitcoin, and I've get this much Bitcoin, and it's at this price. I could input that. And then, like, tomorrow, you know, the price drops and I sell. I could input that because it's only amount Bitcoin price sell or buy,

basically. Yeah. But what people tend to do, I've seen so many times people like, yeah. Yeah. Yeah. Look. Here's my thing, whatever. I can't remember what the apps are called, but they just, like, have every fucking buy and sell and price and info and all of it, and it's all on closed source apps. It's like Yeah.

Do you know what I mean? It's like, it's actually really fucking dangerous information for people to keep, but people I remember when I first started, I wanted to know exactly what's my cost basis.

I wanted to I was treating it like I would treat anything else, not just like, oh, this is cash. I'll just use it. And, like, sometimes it's up and sometimes it's down. I wanted to know it like, where I am. Like, what is my cost basis, and what's my average, and what's my list? And all I'm saying is that something is quite simple app,

but for someone who wants all that, you shouldn't be sharing it with a third party app that is like who fucking knows where that information goes. It's not gonna be in your benefit. That's all I'm saying. Yeah. Good idea. Alright.

Noted, and I just to sign this off as well, some of those examples I gave do also have videos as well, so you can see them actually working on on real hardware as well. I filmed a couple of those and I do plan to to showcase a few more outside of just screenshots because it does really kind of bring it to life if you could see it. Yeah.

And then what the interactions look like on real hardware using it in real life. I'll definitely some more of those in over the course of the the next couple of weeks. So Very good. Go and check them out, everybody. And I'm curious if any of the ungovernables

have any good ideas. I'm sure they do. So maybe, you know, boost in and give us your passport prime app ideas. Maybe, you know alright. I'll let's just I'll just say it, like, if we'll pick the best one on the next show that boosts in with an app idea, and I'll just build it.

I'll just build the proof of concept, whatever they come up with. Very good. And we'll decide between us. We reserve the right to be, you know, objective about it. But we yeah. If it's a good one, I'll build it. Very cool. Alright. So I think we should hit the news, don't you? Yeah. Let's do it.

So heading to Europe for this one because unfortunately, chat control is back on the table. And it's a bit of a mixed bag of updates unfortunately. So just a quick context, I guess, anybody that hasn't kind of caught the previous mentions of chat control.

It's the EU's pretty long running push to make messaging apps basically just scan your private messages. All in the aid of, you guessed it, saving the children. The the update comes, I guess, in two flavors. There's the interim version which is so called voluntary scanning.

And there is the permanent one which is gonna be I think they're gonna double check control two point o which is the the far more scary one because that's the one that can mandate client side scanning where basically your own device inspection messages

before they're encrypted and kind of reports on you based on an algorithm, I'm guessing. So what has actually happened? Well, last week on the July 9, the European Parliament had a chance to to kill the the interim scanning rule, and it failed.

The motion to reject got 314 votes against it, basically, to kill it, but it needs an absolute majority of 361, so it fell short. The frustrating part about that is, and I didn't know it worked like this, 314 was the largest vote. Like, there was more votes against than there was four.

But because of people who abstained or, know, refused to vote basically, despite the votes against being a a big majority, because it didn't meet reach that absolute majority of three six one, it means that, like, they failed essentially.

So what so what that mean it's basically criminalizing it, surely. Like, you have a majority, but it didn't meet a specific threshold because of some arbitrary rules. Bullshit. Yeah. So that means that basically voluntary scanning is is reinstated all the way through until April 2028.

But there was one silver lining, I guess. The same day amendment that formerly carved end to end encrypted messages sorry, messaging, which is, you know, your signals and your WhatsApps, they are out of scope for now because of the end to end encryption.

But how could they be anyway? Like Well, you'd have to backdoor the encryption. Yeah. So the companies would have to the companies would have to say, yeah. Okay. I suppose it's a bit like Apple with the what's it called? Like, the the only country in the world you can't have the ADP.

Yeah. Like, where Apple could have said, well, we're just pulling out of The UK then if you're gonna be like that. But they didn't. Mhmm. But, like, Signal could, I suppose, or, like, that's the only other way, isn't it? It's, like, the companies pull out of that country.

Exactly. Yeah. And Signal has been very clear that saying that that they would do exactly that. Either the company leaves that creates the product or the individual leaves that would have otherwise used the product. It leaves that Europe or UK or whatever, or they jump to something where there can be no backdoor.

The only backdoor would be if the individual gave it up, and that's the only other solution to that, isn't it, I suppose? Mhmm. Yeah. So it's like I say, it's it's not over yet. The the most egregious version of it is kind of on pause again.

So as as I can say, we'll we'll we'll keep abreast of it and keep you updated when we get the the next round of rig voting. Yeah. Yeah. Lovely. Next on the list, this is for those of you that missed Freedom Tech Friday, last Friday.

Big release, Radar Chat. The the website is radar.chat. And this is something a lot more hopeful, I guess, than the the previous news item.

So Seth and Co over at CakeWallet, they've got a new company. I believe it's basically the same team, but it's, you know, it's under a new umbrella company called Radar Labs, have created a new chat app called Radar Chat.

The TLDR here is basically that they have forked the signal app. It looks and feels very similar to to the signal user base for obvious reasons. But the the selling point here is that they have baked in Bitcoin payments into the chats.

So under the hood, what's happening is essentially you have a spark wallet just like they have in cake wallet itself. And when you're chatting to people in groups or in DMs, if you are chatting to another radar user, you can send them Bitcoin in a couple of taps.

It's lightning only at the moment, inbound and outbound. And it happens very very seamlessly,

although we did have a little mishap on when we did the live demo, as is always the case. Yeah. What happened there? That was so I'm not sure. Yeah. I'm not sure. The payment went through, but it it was more of a visual bug where it showed like some random error message. But when Seth went into his wallet, the funds were there.

But I don't wanna detract from what they built, because it's very cool to to have it baked in. So you have, know, you one of the beautiful parts about Spark is that you have the ability to to receive immediately. You don't have any liquidity issues.

You do have a bit more of a centralizing factor currently with the way that Spark is set up in terms of the the Spark operators kind of provide or or ability to kind of prevent you from using the service. They can't steal your funds to be clear.

Mhmm. But it's one of those trade offs that Seth and Co seem pretty comfortable with to be able to give that signal level experience to to messaging, but bring that bring Bitcoin into that fold as well.

It works very well. And the other cool part about this, before I pause and let you comment, Max, is if you're an existing signal user, you can just kind of migrate your existing account over to radar.

You'll still have all your chats, all your contacts, and all that sort of stuff. And anybody that you chat to who is still on signal despite you being on radar, you can still chat to them. So you're you're not siloing yourself off, which is one of the main gripes of all the other like alternatives

like simplex and three more and stuff. It's like, it's just another messaging app and you've got to go through that

headache of trying to get all your friends and family on there. Like, if you've already done the work and you've got them on signal, if you wanna move to radar and you don't wanna have that headache again, you can still chat to all of your signal contacts.

Admittedly, if they're not on radar, obviously, you're not gonna be able to send them funds over the signal protocol.

But that just, you know, that just it's just, like, I guess, like like the status quo. But then what means is that any of your other contacts that are on radar means you can start sending Bitcoin back and forth within the chats, which is pretty cool.

I think we've all had a lot more luck moving friends and family across to signal than we have shilling Bitcoin, which is weird because one preserves their wealth and helps them in many different ways.

Whereas Signal, to most people, they don't really care about their privacy that much. They just sort of go,

yeah, you like, it's kind of like, you know, your other apps you're using. It's basically exactly the same. We can still have the family chat on there. Like, it's just better. It's a bit more private, and people tend to go along with it.

It makes me more confident that this is gonna be a better way for people to get into Bitcoin than any other way I've seen, really. Like, just having it in there, you you send them a few sats for a coffee or whatever, and they slowly just start to get used to the idea that money can be transferred in this way and

without the whole explanation and all the stuff and what is money and blah blah blah blah. Like, they just see it, and they just go, oh, yeah. I could do that. And then they might eventually do it themselves. So I think it's a very clever way of getting people involved.

I do think it has quite a good likelihood of onboarding a lot of people and also just, like, general usefulness of just having it all rolled into one thing. I did wonder though, like,

I was thinking as we were recording, but it was getting up to the hour mark. I was like, I'm not gonna ask another question because it's gonna derail us. But, like, split payments and things like that, I'm wondering, say, for ungovernable or for, like, funding or

value for value stuff. I'm wondering where the group chats and splits and stuff, like, how far can it be taken and how useful can it be for that kind of stuff. Seems like the next natural step. Right? Yeah. It's like not the that's why I didn't wanna, like, go into it on that show because it just

it's like, well, maybe at some point, blah blah. But it does seem like it could be really useful. Yeah. Definitely. I mean, like, you know, it's something that I do regularly with with Fiat with, like,

paying friends back from, you know, if we all go to Nando's or something like that, and one person will get the bill, and then you can just split that bill with, you know, whoever else is there, and it'll just send them a notification.

Like, being able to do that within radar seems, you know, logical and and the next natural step to be able to do it on on Bitcoin rails. Mhmm. Yeah. Definitely. I'd like to see how that rolls out. That'd be cool. Yeah. Definitely.

Alright. Back to to Europe. Bitcoin company, this fortnight has decided that it is done quietly complying with Brussels and instead has decided that they're gonna sue the French finance ministry.

Wow. Or Bitcoin, pretty based owner, Francis. He's he's taken the fight to them. So bit of context here, there is a piece of surveilling surveillance plumbing called the DAC eight, which is the EU's way of implementing the crypto asset reporting framework or CARF.

Roughly 78 countries have signed up to this thing. And what it mandates basically is automatic suspicionless, if that's even a word, annual reporting of basically all of your crypto activity.

That's not just trades on an exchange, but transfers to your own self custody wallet, anything you do in terms of staking, lending, all of it just handed directly to the tax authorities every year whether or not sorry.

Whether you're suspected of anything or not. So the the new development here is that last week on the July 8, Bull Bitcoin led by, as I mentioned, Francis Poulier Poulier, filed a legal challenge against France's decree implementing what I've just mentioned.

So this is and he gives like a two fold argument, basically. Number one, he says that France overreached even the the basic statute, sweeping in things like additional stuff like staking and lending, which apparently weren't kind of grouped into the original framework.

And number two, that the the overall framework, the the DAC eight itself violates article I forget what number now. One of the articles of the the the European Union Charter, which protect privacy as a fundamental right.

Oh, yeah. Francis is I believe he's leaning on a twenty two two thousand twenty two European court ruling that struck down parts of an earlier directive for going beyond what was, in quotes, strictly necessary.

So yeah. I mean France as well, mate. France as well to be the one. Like, if you wanna go anywhere

and you wanna be kidnapped, if you're like, fuck. I really wanna be kidnapped and have all my Bitcoin or other crypto stolen from me. Yep. And where it seems that all this information has leaked really badly, they're the ones where they've gone, do you know what?

I think we want more information leaked, please. Yeah. Indeed. So, I mean, I I take my heart off to him, taking the fight to him because, you know, anybody who's ever read any news ever will know that, you know, going to court is expensive both in terms of finances and from in terms of your time. But doing so against

the government is, you know, just raises the stakes significantly. So, obviously, I hope for a successful outcome for him and his legal challenge, and I take my hats off to him for taking the fight to them.

So we'll see. Yeah. I just I just hope it doesn't kind of, you know, detract from everything he wants to do at bull Bitcoin because they've been making waves, you know, in the last twelve months and doing some really good work. I wish him all the best with it. It's good to see someone standing up, but,

yeah, I hope it's just it's a scary opponent. Like, I it's it's putting yourself as a bit of a target in a lot of ways, and I hope it pays off. But yeah. Yeah. Yeah. Alright. Next one, stay in in Europe again.

We're talking about MICA, m I c a, the the regulation in the EU or the licensing regime that went and well, they ended its transition period on the July 1 and we spoke about it briefly on the last show.

The the tldr again is if an exchange doesn't have this license, it has to stop serving EU users basically. So Binance, which was not licensed in the EU,

basically just said, we're just gonna stop all new orders and all deposits and all sign ups for European users on the first. They left withdrawals open while they wind it down. But by around the July 10, Binance's own data showed that roughly 70%

of the assets EU users pulled out went straight into self custody rather than moving to a compliant licensed exchange, which I thought was a pretty cool data point. That's brilliant. I guess if we try and like think break down what what that means, the the regulator essentially,

you know, with this Micah license built a fence to keep everybody inside of a specific reporting perimeter. And 70% of the herd just jumped over it and said, fuck this. I'm just you know, rather than going to a MICA licensed alternative, they just withdrew into self custody.

Now, obviously, we have no idea what they're gonna do after that. You know, it might have just been a hop between, you know, from Binance or somewhere else, but it's it's it's positive news if nothing else.

It definitely is. And I think as well, like, self custody's got so much easier and better and less stressful and more simple, like, so much more that

I think a percentage of those people, even if they don't originally plan it, even if they're like, I'll just take it off so that I can, you know, chuck it on fucking Coinbase or what whichever one is compliant.

I think maybe a few of them will go, actually, why am I doing that? Like, this is pretty simple. Like, I understand how this stuff works. So they're pushing people in so many different ways to different freedom tech, whether that's the chat apps you use or how you store your funds or whatever else it is. Like,

there are always gonna be some sheep that will just always go the absolute easiest route, and they would just still believe in daddy government, and they'll just do as they're told. But I think a lot of people are sick enough of this and just being told what to do and not having any

rights over their own assets or time or bodies or anything anymore, that they're just like, fuck off. Just fuck off. Yeah. Everybody's got a breaking point and, you know Yeah. The more people get pushed, the closer they get to it, I guess. Alright.

Next one. Over over the pond into The United States this time. The fight over, I guess, whether writing code can be a crime or not went down to the wire over the course of the last couple of weeks.

Bit of context, the well, one of the many big market structure bills working its way through congress. This one's called the Clarity Act. Buried inside it was a provision, section six zero four, also known as the Blockchain Regulatory Certainty Act, BRCA.

You might have heard us mention that in previous shows. What it would do is stop non custodial software developers from being treated as money transmitters, aka the Samurai wallet case. And the update on the July 9, senator Ron Wyden sends formal letter to senate leaders, Thune and Schumer,

demanding that they keep section six zero four intact and do not remove it from the bill. The bill originally saw recently stalled past its July 4 target over three sticking points, and one of them was precisely that developer shield.

Law enforcement voices are pushing to to narrow it, calling it too broad, basically just trying to kick it to the touch. And a merge draft was expected within days, and the window before the August recess of Congress is realistically the last shot for this to actually happen in 2026.

So not really any concrete news here, but other than, you know, there there is somebody pushing on our side, senator Ron Wyden, basically saying that this needs to to stay in here. Last on the the news list, it obviously wouldn't be a Bitcoin podcast in July 2026 without us talking about BIP one ten.

So slightly closer to home for for all of us, I guess. Bit one ten kinda looks like it's fizzling out, which is quite giving me quite a few chuckles. Quick recap again, bit one ten is the proposed temporary used in air quotes, soft fork that would cap the amount of arbitrary data you can put into a Bitcoin transaction.

It tightens things like op return outputs and data pushes with the stated goal to push Ordinal's inscriptions and runes off chain away from Bitcoin. It's designed to be temporary and auto expiring after about a year if it activates.

The update as of this week, minor and node signaling for BIP one ten is still sitting on or slightly under 1%, which is essentially zero. We are heading at a rate of knots. Did you see what I did there? Oh. To ace. That's nice. We're we're heading towards that mandatory

signaling window near Block 961632, which is scheduled to land currently in early August. So for bit one ten fanatics, clean network wide activation looks extremely unlikely. I guess the the main risk now that people are talking about is a minority chain split.

There was a lot of people crashing out recently when Daddy Sailor actually came out against Fit one ten. He kept quiet on it until recently, which ruffled quite a few feathers. And, yeah, basically it's got next to no adoption and the the discourse around it on Twitter is dove even further into the gutter than even I thought it could go.

Where yeah, one side is is, you know, I get I guess feeling the pressure of the the lack of signaling, and it is resorting to basically just running around calling everybody pedophiles. Yeah. It's it's very much like a school playground out there.

Yeah. Do you know what the other than the big l's that some of these talking heads are gonna get in August when it doesn't activate, do you know what the best thing about all of this is? Tell me. The memes.

Yeah. There's been some great stuff. Shout out to Bugle. They've been doing so much. Have been absolutely top notch in the last couple. I mean, they're always awesome, to be clear. You should go and follow them. But on the one ten stuff, oh my god. I barely laughed multiple

times in the last couple of weeks at some of the stuff that they've been posting. And I'll you who else has been wonderful is Chris I forget his surname now. I apologize if you Oh, coin joined Chris, is it? That's it. Yeah. The one that runs SEDAR, and I believe he's got an insurance company as well.

Yeah. Yeah. I know the I know the play. Some of the stuff that he's been throwing out has been sublime.

So Yeah. If you are any of those people and you do listen to this, I'm Yeah. I'm literally tipping my proverbial hat to you right now. Well done. Yeah. Well done. I want to say as well, whoever is controlling the funding for the shilling of Bitbond 10, DM me because I desperately

need some repairs at my house, and I don't have the stats to cover it. If you wanna bring in the big guns, if you want me to start shilling this and and change, I am open to it depending on how much you're funding any of the other podcasters

or influencers out there. You know who you are. Maybe you can get in touch and let me know how much they're paying you and how it all works because I would be open to it. What about you, q? Is there any possibility of you taking some stats for this? Because there's obviously some flying around.

Well, I I don't think there's gonna be many stats flying around very soon because I'm gonna look forward and think that they're gonna start shifting what funds they do have left towards renting hash rate to get some sort of minor signaling towards this is my my good feeling.

Yeah. I think as we ramp up, you'll start to see some questionable signaling coming from sources that you may or may not expect. Mhmm. It's just gonna be rented just to try and, you know, show some quotes support for this because it's very, very lack of Whatever money they have is still gonna be a drop in the ocean.

God. We're good. You can tell with that.

We you know, me and John have been talking about ocean and Luke, and we've we actually I was going back the other day because I'm making this soundboard. We have songs about what they're gonna do and how sneaky they are and cunty they are and the funding and where it comes from and ocean.

And just like all of this stuff is so clear and so obvious, and it has been for years and years and years. And I just can't believe that people don't see it coming. I have to dig out some of the old songs and stuff because they're quite fun. Yeah. Definitely. There's there's lots of receipts being posted lately.

Yeah. So if if you've got time to waste, feel free to join in the discourse, but Yeah. Be prepared to be called. What I'm just saying is we've got a little bit of time left before you lose all your money.

It's going anyway. If you wanna throw some stats at me and maybe queue, we are willing to you know, we've gonna get a couple of briefs in, maybe a Freedom Tech Friday or two, you know, pay for my roof, and we'll talk.

Right. Let's let's hit the boosts. Quite a lot of boosts this week. Very, very happy to see. I will I will kick us off. Mister Chad Farrow, 10,000 sats. Thank you, sir. And he said, always enjoy you guys even though I have been quote, man overboard for a bit. Chad,

it's fine. We get it. Life happens. Yeah. It's What does man overboard mean? It's like you're just too busy. You've not been involved. Right? Yeah. Yeah. He's basically been sick or anything? No. No. Okay. Good.

Good. Huxley at Fountain, 8,000 sats. Looking forward to the Soundboard Max. Digital Panopticon continues. Dropping off the map is a smart decision in my honest opinion. No one wants to be a fiat waste man influencer anyway.

Bitcoin is money, not a community. Your fam and your people you share your life with is your community. Hopefully, our grandkids can grow up in a more privacy literate society after the collapse.

I rid myself of x, but YouTube still gets me. Noster, I use more consciously because it isn't hacking my attention. Dystopia is a Yeah. I've just seen that now. I'm frantically going back to my boost list to see if I've chopped it off or whether they did.

Or he's just been pulled away from his keyboard. Yeah. That's all I'm getting. So Dystopia is a yeah. Well, wise words there, mate. I I agree with all of that. And the soundboard is on its way.

It was my first coding well, it's not my first. I built a website the other day and some other bits and pieces. It's my second, like, build using AI, and it's quite good, actually. It's it's sort of equivalent to what I was put I was putting off paying, like, $99 a month for this fucking

service that would do it for you, and it would all work and blah blah blah. And I'm basically there with something that works the same or even better. And I'm just now, like, adding all the different sounds and creating clips and taking parts of songs and categorizing them.

And so that's taking me some time, but the actual bones of it are there. And, yeah, I mean, cheers, Claude. It was fucking impressive stuff. I can't wait to well, I was gonna say see it, but hear it. If I know see it, like, I'm I'm keen to know what the user interface looks like when you've built it as well.

Well, it's it's gonna be built into the browser. Then I've done it so that I have images. So, like, that's fine. Will be, like, obviously, picture of Peter McCutt face, like, straight there. So I can see his face. I can see that's fine underneath, and it will be in categories.

And then I'll have whichever other ones and songs and things that I can play as well. So Beautiful. I I found the the the the full booth from Huxley on the Phantom website. I'm not sure why it got chopped off when it made it to my note, but he said dystopia

is a state of mind, boys. I'm still wrangling my way out. Remember, the tools of freedom exists, and you do God's work by spreading the message.

This podcast has been central to my education and interest in the topic. Oh, thank That's really nice. That's one of the best I've had for a while. Yeah. And you cut it off. Or you didn't. Someone did. Fountain did. I know it did. No. Well, yeah.

Think what happens is fountain only shows so many characters, and then you have to click on it to see the whole thing. So we got there. We got there. Okay. Thank you very much, Huxley. Late stage huddle, 6006 sats.

The robot typing loudly and then saying scanning, scanning, scanning is a good k fabe to make us think And then What's a kayfabe? I'm not sure. K a y f a b e. And then process finding the word period in his memory. The robot needs more RAM.

What is that about? Is that about you? Feel like I'm missing some context here. It's gotta be about you, hasn't it? Scanning, scanning, scanning, and then period. Oh, maybe it was on the last

episode you were looking for something, and then you couldn't find the word. I vaguely remember you sort of fumbling around trying to find a word. It was like a period of time. Oh, I see. Thank you, late stage huddle. You are right. I definitely need more RAM though.

Don't be all. It's getting expensive out there. Very. Huxley again with no message this time, just another 2,000 or 100 sats. Thank you very much. User two five four nine eight one zero four at fountain dot f m 2,100 sats.

Hopeful on local models. One must learn to cook using the toolbox of local models versus the use of versus the fast food version in quotes, anthropic.

Currently, a hybrid approach seems to work pretty well. Doing some prompt engineering through a model like Grok on what you want to do and how to tell an agent running on a local models to do that job.

I built a functional Nosta client as a Chrome extension using QEM 3,627,000,000 parameter after prompt engineering with a cloud model. Nice. Well, hats off to your vibe coding, especially doing it with a local model. Maybe if that is

you know, you can share the code to that. I'd love to take a look at it. But, yeah, I agree. Bullish on local models is is something that I do generally play with here and there, for for more sensitive like personal stuff or legal stuff where obviously, you know, you're not even gonna dream of putting those

all that information into into like something like Claude. That's where local starts to shine. And I'm really excited to be able to, you know, try and get my hands on some semi decent hardware to try some of the more beefier models that are closer to to some of the front frontier models.

Yeah. Me too. I think I think it depends what you're sharing. I don't necessarily have a problem sharing the boring legal parts that are just part of normal boring life in just normal fiat world. I kind of feel like

I I don't personally have an issue with that. I would only use the local models or use something like Maple or Nano or something like that for the things where I don't want my personal information mixed in with my NIM information. That's where I sort of draw the line.

But you like, something like Nano, I think, is really useful because you can have as many of those running as you want, and then you don't have to actually pay for the hardware. Because the hardware is so expensive to get anything close that unless you're using it all the time, I just feel like for most people, it's not achievable.

Like, who's gonna go and drop that amount of money on hardware when they're just using AI like most people do? I just don't think they would. Yeah. I mean, just to push back slightly, like, what what this user is saying, like, the what they use there, that Quinn 27,000,000,001, like, you don't need,

like, the the latest Mac Studio with 256 gigabytes of RAM to run that. Like, I guess that's what they're getting at is that, you know, if you are careful with how you prompt and massage these smaller models that you can run on generic hardware like, you know, MacBook Pro with 32 gigs.

Yes, it's gonna take you longer. Yes, you're gonna have to do more coaching, but like you can still get good outputs

without having to either what you're doing. Exactly. Yeah. Like, are you gonna be able to, like I I could with codecs of, you know, give it a full brief of the next passport prime app that I want a vibe code, set it off and then come back in four hours with with something like, you know, that Quen 3.6

that the user, the Boosted talked about. Are definitely not. Like, it there there is definitely levels to this shit. But Yeah. The gap seems to be closing, which is positive. That's very positive. Yeah. You can do it with, like, general

like, the sort of stuff that you used to Google. Do you know what I mean? Like 100%. General questions, it's like, yeah. Absolutely use that. But when it's, like, image gen or Oh, yeah. Building stuff like, you know, me doing my soundboard and stuff like that. I mean,

I did that in, a day. That that would have probably taken me the rest of my life otherwise if I wasn't using one of the Frontier ones. So What? I get the point. What are you using for the the album artwork lately? A mixture of stuff.

So I'm still using what's it called? Mid journey. Mid journey for parts. And then what I've been doing more and more is then chucking that over to Nano and then using GPT's image stuff for changes. So, like like, example, I've just sent you an image of the most recent one. I wondered what that was for. Yeah. So, like, sexy little Latina

Great. Just to grab everyone's attention there. Yeah. Feel free to use that radar team. Yeah. So, like, I I spent a lot of time creating her first, and then I chuck that across to Nano because you can't do text at all in mid journey. It's fucking terrible. So, like, if I want so it's on there, it says, like, Friday '47.

Are you on radar? If I put write that or, like, put that in quote marks, put that into the image Yeah. I might have to generate a hundred, hundred and fifty images before it would actually get it right because it would spell things wrong. It would miss words out. It would just fuck it up nonstop.

Whereas if I get the image perfect and then chuck it across to Nano, pretty much GPT ImageGen

is pretty much one shot. Yeah. It it that that's the reason I was asking because I've been using GPT images for a little bit, and and it's excellent at the moment. I don't know about the actual design side of things. I haven't had as much luck with the actual design stuff.

But when it comes to text or even like the one that I did before where it's like Jordan is a little the little train, and I've got his name face on there. That was a one shot. It was take this image, make the train have this face, have the little Canadian that could use the text,

make that all blend in with the colors that I've chosen. Blah blah. It gave it, like, some information and just bang. It literally did it in one. I was like, that's fucking excellent. Nice. Nice. Well, I I have a question for for the ungovernables actually.

Has anybody, any of you, VibeCode has been testing with GLM 5.2, either locally. I mean, it probably won't be local because it's a massive model, but whether you've used it via any of the API stuff because that seems to be the latest or the hottest of the the the the most recent open models, open source models.

And, you know, there's various different benchmarks and people on YouTube and stuff that are saying, oh my god, this is Opus 4.8 quality, you know, but it's open source. And you can, in theory, run it on your own hardware if you've got, like, a $100,000.

But I'm I'm keen to know whether anybody's tested it via the API stuff just to see, you know, what the outputs look like compared to something like Codex five five or or Opus 4.8. Let me know. Okay. Yeah. Let us know. Where do we get up to now? I can't remember. Who was the last one? Streaming.

Brain, eyes, work, Chad Farrow. Can't even see. Chad Farrow streamed 1,641. That's not even on mine. Okay. I'll do the next one. L b at local bitcoiners dot com boosted 4,450 sats. They said hashtag free samurai.

Nosta is great. Shout out to the Meshtadel. Find your local Bitcoin meetup, and if there isn't one, start one. Yeah. Wise words. Yeah. Great boost. Kaz Peland streamed 1,274 sats. Pleb to Polymath streamed 910 sats.

Eric p p streamed 411 sats. And Chad Farrow said, Max, give Wisp or Nostra a try for Nostra. And he sent 333 sets for that. Yeah. Wisp is very good. Is that what you use? It's one I've got like four different clients on my phone. Whisper, I just like to flip between them.

And sometimes I do it because I know somebody's responded on one client and I can't see it. So I go to another client and I can't see it, just knocks the things. Yeah. Okay. After I'm trying more and more. I was asking about scheduling posts.

That's why. Oh, yeah. You can do that. You can do that on WISP. Definitely. Yeah. That's that's why he's mentioned it. Because I was like, I can't seem to do it in which are the ones I in Primal I was using and I just couldn't seem to work out how to do it there. So Yeah. You need Primal Primal premium to be able to schedule stuff.

Oh, no. I'll be I'll be trying wisp instead. RevHoddle, 328 sats. Nosta is the place where Bitcoin is built cultural capital uninhibited. Don't sleep on Nosta. Its power is yet to be truly recognized.

Hashtag forty hours per week. Hashtag value chain. Thanks, RevHuddle. Aldum at Fountain. Because GitLab is a spaceship, that's way overkill. Yeah. So we were we were talking about the LDK getting banned from GitHub, weren't we?

And they'd gone to an alternative that you or I hadn't heard of. I think it was GitForge or something or Forge. I can't remember the name exactly. I have check the tapes. And we were like, oh, well, why didn't they use GitLab? And, you know, all of them is basically saying GitLab

is a spaceship that's overkill. So Right. Yeah. Thank you for your context. VMBD streamed 205 sats. Mad Hatter boosted a 121 sats and said, check out Darkwisp for Nosper. Noster. I tagged you both in the link for this on Noster.

Max, wisp has GIFs built in. Cheers, fellas. Salute. That's all I really care about as well.

Alright. So I've got a few to to try out. So wisp was, they both said wisp. You think that's one that's right? Is is like the paired down version that runs on graphene, and wisp is just the general one that runs on iOS.

I thank you, Madhatter, but I'll I'll be trying just the the generic vanilla wisp, I think. I get myself into enough trouble without, you know, trying to strip features out and stuff like that.

Mad Hatter again with a 121 sats pre listen boost for Uncomfortable Misfits. Oh, thank you. Look at that. That's like going to a restaurant and and giving a tip before you Before you've eaten. Yeah. Because you just know, you know the level of service is gonna be. Yeah. And finally, Nostigang, 101 sats.

I really like Nostur, n o s t u r, which is the the client, and Ditto is great too. Oh, yeah. And Ditto is one of the ones I've actually got installed, but I've never tried. So Fucking how big are there? There's billions of these things. Well well, that's kind of the whole point, isn't it? That you you never have to be locked in.

No. I get that, and I like that. I'm just like, I just sort of want one to work. It sounds like you need

you need four or five or whatever it is. So that it's like, well, I can see responses from people on this one, and I can schedule posts on this one. And this one actually connects and works. And this one, like, this one, I can it's just The joys of decentralization.

Yeah. I get it. It's it's good. I'm I'm coming more and more round to the idea that it's important and all that stuff. But I just you can see why I find it frustrating as a non techie, like Oh, yeah. I get and get myself in enough of a fucking

problem and tears with just like basic shit. So Yeah. Having four clients is is a lot. Agreed. Well, that's the end of the boost. Big long list. Thank you very much for your support, guys. We we appreciate it and we do love it when you get involved even if it is to to troll us sometimes.

Yeah. We love that. Alright. Releases, as always, huge list. I'm not gonna go through it all per feedback from the ungovernables and from Max. The only three I'm gonna talk about, a brief mention for Bull Bitcoin.

They have added coin control, which is great for a mobile wallet. So hats off to them for that. They they also do similar to what we do in Envoy where you can freeze coins and all that sort of good stuff,

which is great. And the reason I highlight it is that sort of stuff is typically kind of reserved for for for desktop wallets that are more power user friendly, should I say, or or optimized.

So seeing it in more more, you know, user or beginner friendly wallets like bull bitcoin is good to see, so hats off to them. We also have my highlighting has failed me. I think oh, SeedSigner have got a release, 0.87.

They they like to name their releases as well. This one's called Summer of Seed Signer. 80 pull requests from 20 different contributors, love that. They've got BBQR PSBT coding, which I thought was ironic given C Tanner, the man, and NVK's public disagreements, shall we say.

I find it funny that they have added BBQR QR codes, but I guess, you know, Seed Sana is only one man, as you can see, there's 20 different contributors to the code base just in this release alone.

And then the final one that I wanna talk about is Ashikaru version 1.1, Well, it's currently point zero, but I think Jordan said offline that he's gonna make some bug fixes and it's gonna be one one one. So when you read this, it probably will be one one one, but the feature set is gonna be pretty similar.

New features include Whirlpool stats tool so that you can sync status, chart metrics, and actionable transactions with the data being fetched over a TOR endpoint so that you can see the privacy of your coins, essentially.

There's a t x zero broadcast overlay where he's kind of made some, know, kind of UI optimizations. Added some warnings for coordinators that are or if the coordinator is unreachable rather than failing silently.

We've got Dojo Electrum server discovery. What this does is pulls the Dojo directory from dojobay.pw over tour and adds each reachable Dojo's Electrum server which runs automatically at startup and runs in parallel so that you can kind of streamline the the kind of adding of those servers.

You've got configurable am I exposed privacy check plus explorer slash exposure links on every transaction card. Quick recap, the am I exposed is

the awesome privacy website that the Spaniards built to basically as a replacement for like oxoxoxt or kycp.org where you can again check the privacy of any given transaction to see how it scores from a Boltzmann perspective.

Boltzmann is a measure of kind of entropy essentially. So that's cool. That's been added into Ashigoro desktop. And then finally, a card based UTXO and transaction view with pay names, abbreviated payment codes and avatars all shown in line. So lots of polishing

to make this even more or even more powerful than it previously was. So well done to our the little Canadian that could. Well done, mate. And that brings us to the end of the list. As I say, there's load of different releases there if you want see the nitty gritty. There's a couple of educational pieces in there.

One from Lop about how CAS is fighting against social engineering, people can take some good tips from for their personal security architecture. There's a spark wallet post comparing coin join, pay join, and silent payments, and also a cove wallet tutorial from mister b t c sessions.

Very good. Is that everything? That is everything. Let's wrap this baby up. Very nice. Alright. Well, we will catch you all in two weeks and on Friday, actually. We've got another show on Friday. We have. We which we we're not gonna be talking about what it is beforehand because we Mhmm. Are

it's an announcement. So this is the announcement of the announcement.

Yes. So don't miss that one on Friday. And, yeah, thanks for all the boosts and messages. We really appreciate them. And we'll catch you on the next one. Peace. Before you go, mindenbox. Help keep your online presence hidden.

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