PMM EP13 2.0 (previous episode corrupted)

You know what I need to do, Max? - Hmm. - I have to turn off this inline fan. - Okay. - 'Cause it makes like a whole sound. I'll be right back. Okay. - Barbies everywhere. - Yours, me, me, me, me, me.

- Have yourself a merry little Christmas. - Quite a good voice actually, mate. - Hey, thanks, buddy. First compliment ever, potentially the last. I wish I had like a little piece of paper here that I kept that nobody messed with, which is impossible for me to have anything in here that's not gonna get messed with.

- Yeah, no good luck. - Of all the things I pretended to write down that you said. - Yeah, yeah. - It'd be a long list. - We could go back, but we weren't. - That could be something somebody else does.

- Yes. - Hey, if anybody would like to listen through all of our episodes and write down the things that I said I'm going to write down that Max said, have at it, I will give you 1,000 sats.

- That's very generous. I'll give you 2,000 sats, bounty. What if someone does this in 20 years? 'Cause technically it will still be up. And what if then that 3,000 sat bounty is actually money that matters?

Hey, then good for them. I'll stick by it. - Okay, I will too. - I will hold a 1,000 sat UTXO just for this. - I probably won, but I'll have some old lightning wallet or something. And as long as I'm not bankrupt, which is possible, I promise I'll pay it.

- There you go. - How's that? - I love it. I believe you too. - How are you, mate? - Oh, how am I? I'm happy. I'm moisturized. I'm relaxed. I'm in my lane. How are you, friend? - Very similar.

(laughing) - You threw me for a loop there. I wasn't expecting very similar. I was like, oh, mate, it's a fucking nightmare. Carnage. - Oh, fuck. - That's a yoy. - It's a fucking time. - Hey, what's going on today?

- It's a fucking carnage today. (laughing) It's always true. That's the problem. - I just always imagine blood and guts in your house. Carnage. - Pretty much. There's more blood and guts at work and then more carnage at home.

- Oh, okay. There's a deviation there, a line of delineation between your work and home life. - Yes, less blood here, but more carnage. No, all good, mate. I'm looking forward to the holidays.

I'm looking forward to winding down a little bit. And, oh, guess what I just ordered yesterday. I sold my car. Oh, what did you just order with all your car money? I sold my car, paid off the credit card, which is fucking delightful, 'cause that's been looming for like two years now, and it's been disgusting paying that, mm-hmm.

Paid that, and then I had a little bit left over, so I ordered a really, really nice bench, adjustable bench, like gym bench, and two adjustable dumbbells with a stand. Really fucking nice ones, which should have arrived this morning, but apparently the van broke down usual sort of shit, but I bought myself a little Christmas present,

so that next year, I come back stronger. Your Christmas present to your missus is a rock and bard. That's good. You don't pay for that with money. You pay for the sweat equity. - Well, you pay for it with both, 'cause it was fucking expensive.

- It wasn't. - It was, yeah, it was actually. I still call it low time preference, because I went for a proper stainless steel, everything properly built, really heavy, should last a lifetime kind of stuff.

I should be 80 still working on that bench. - Okay. - Yeah, why not? You can be 80. - Why not? I didn't mean to be negative. So sorry, yeah, that's all right. - That's everything you do, though, is a commitment to quality.

- I try. - I don't have that. As you know, in my backyard, I've got that pole in between two trees, a bar in between two trees and some pallets. - That was good. - There's some weights. - Yeah.

No, that's way better than what I did originally. I copied what you did, but the execution was extremely poor. Well, my execution is extremely poor, too, 'cause all that shit's still sitting out there.

I don't want to come in the house. If I come in the house, I'm screwed. - Yeah, you do, you know, how's your day? Here comes a downer, do this. - Read me a story. The printer's broken. Can you cook this washer's broken?

No, I broke this tile. Can you fix that? - I nailed it. Yeah. - Yeah. - So I'll try to stay outside, but I've been outside in the cold all day. You know, like, it's going to go inside. - This is the problem.

You need a man cave. - Yeah. Okay, I'm going to get there. That is my man cave outside. - Outside, it's just one massive man cave. - That's right. - Three acres of yard, that's my outside.

- No, but you see what you need to do is do something where it's hidden, like maybe a shipping container underground or some sort of Batman-style shit, whereas like, hey, kids, look, I've got to go out, the lawn mower's broken, and then you like go into your shitty little shed.

Oh, I've got to be in here. And they're like, oh, that's boring. I don't want to go and disturb them in there. Then you go in there and then down some little stairs, you've got your gym, you've got the recording studio, you've got all your things that are places where you put them and they're not moved and broken

and covered in snot and shit. - Whoa, whoa, whoa. - And you can just be, yeah. - This is gross, I don't want to be in this man cave. - That is not, oh, there's not. Oh, I thought you did something. - No, I'm sorry, no.

- Yeah, this is the point, this is your little zen, you can go there and you can be like, whoa, this is nice and no self-function. - Yeah, no reception, doesn't that sound nice. Maybe in the next bull run.

- I'm gonna write that down too, man cave. - You know what I could do, I can call Ben from Lake Satoshi, bring all his excavators over and dig me this big giant hole. And that's pled synergy, I'd pay him in sat.

Ben, come on over and dig a big giant hole in the backyard. - You can cool the other Ben for all the timber. - I could do that, yeah. Shipping might be a little bit tough. - That's true. - He could come here with his little chainsaw and log of a place.

- That'd be nice, he'd probably do that as well. - He would, pled synergies. - Well this place is off here, Max, yep. - We have a very special Christmas holiday, New Year's message from one of our plebminer, mafia, capo, OG's, Yupur Haudel.

You may remember him from his Yupur box, which was the upstream data black box home bill that he sort of modified to take heat off, to heat his home up. So we'd like to open the show up, the very special Christmas message from Yupur Haudel.

- Greetings to the plebminer, mafia, and all you ungovernable misfits. This is Yupur coming to you from the Great White North, along the shores of beautiful Lake Superior in Marquette, Michigan.

As the year comes to a close, I'm sending you wishes for a joyful holiday filled with found blocks and decentralized cheer. May the upcoming year be filled with many blessings, successful ventures, and endless hashing.

Here's to a year of unyielding comradery and memorable moments. From my family to yours, we wish all of you a happy holidays and a fantastic New Year. Cheers, you motherfuckers. (laughing) - That's so sweet.

I've got tears in my eyes. What a guy. He was beautiful. - Thanks, Yupur. Inspiring. It is smart. I'm inspired to celebrate Christmas with my family. Love and peace and joy, those motherfuckers.

I think he's getting a little bit too mushy. I'll say, "Well, this is an ungovernable misfits up better." Spice it up. They like to curse. (laughing) - That was beautiful. Thank you, mate.

That's got me all Christmassy. - Hey, Max, what's your favorite Christmas song? - The Darkness. I can't remember what it's called. Do you know that one? - The Band of the Darkness? - Yeah, they did a Christmas song.

- They did. Is that the one where the guy sings real loud? ♪ I believe in a thing called love ♪ - Yeah. - I always liked that. It always makes me laugh. - Oh, I didn't know they had a Christmas song.

I'm gonna look like that. - That is the Christmas song. - Oh, that is the Christmas song. I believe in a thing called Love. - Er, huh, embarrassing. This is supposed to be my favorite Christmas song.

I don't even fucking know what the shit about it. - You made it up. It just was off the top of your head. I didn't make it up. I was listening to it yesterday. We went and got a Christmas tree and we were listening to Christmas songs.

I was like, "I'll get that darkness one on." We played it, but I was thinking about other things. So I didn't really take it in. I'm pretty sure it was a Christmas song. - You need a break.

You really need to immerse yourself into something other than ungovernable misfits. - Yeah, we were talking about that off air. Couple of weeks over Christmas and New Year, I'm just fucking going dark mode.

I'm off, had enough. - Are you sure you're not taking any calls on if you want to get involved in some kind of dispute on Twitter? - I can confirm. Yes, I don't have to go to fuck. Everyone can do what they want, run what they want, use what they want, and I don't need to know about it.

- You're right. - I'm just gonna spend some time with my new weights bench, my dumbbells, some good food, put the heating on, really treat myself so I'm warm. Ooh, wow, it's a big deal for you.

Yeah, take the dog for a walk, spend some time with family, and then I'll come back refreshed next year. Then maybe I might care about some of the bullshit that people want to winch about.

- All right, probably not, but there's more chance. What about you? What's my favorite Christmas song? - I don't really care about that. - You don't? - No. - Oh, I'm gonna tell you anyway.

- Are you gonna take some time off? - Yeah, I will take time off from Twitter. I was thinking about deleting my Twitter account completely and starting fresh. - Yeah, do that. - You think so?

I won't come back as John DeJocomo, it'll be some other motherfucker, but you'll still have the same symbol. It's kind of iconic. Gay little pigeon on a pole. (laughing) Always have to look at that when you call me.

It's just this fucking little pigeon. I'm like, oh, perched. (laughing) You're gonna come off your perch for Christmas then, turn everything off and just-- - Yeah, I'll come off the broadcast.

I take a week off for Christmas, so I won't be perching anywhere. - Okay. - Not in a bucket, not on a pole, not on hooks, not on pole steps, no perching. Yeah, I'll take a week off and mess around here, play with the train set underneath the tree, do a break job on the car.

That seems like a nice wintertime activity. - Oh, that's very Christmas, eh? - Yeah, yeah, tractor. I still put my plow on my tractor, stuff like that. Relax. - Well, you know how to live mine.

- I do, that's good times. I'm outside in my man cave. Notice these were all outside in my man cave activities. - Peace and quiet. - Yeah, I take it. Well, I appreciate the Christmas message from Yupra Hoddle, but we also have many other messages from the wonderful, fantastic plebs that support and love this show through value,

for value, podcasting 2.0 apps like Fountain, Breeze, and more. - Yeah, we'll see you at the one pod first. - That's something, yeah. - Oh, I have a little Christmas message. - You do? - Yeah.

I have a Christmas message to say a big thank you to Lincoln Park Rules, who is a listener of this show, who has been working tirelessly in the background to help us with our podcasting 2.0 and make it more accessible to people, make sure that everyone who wants to send in sats or messages gets read.

And yeah, I just wanted to say a big thank you because he's done it off his own back, just because he likes the show. And he's put a huge amount of work in and I actually feel bad because often he's writing and asking me questions and I haven't had time to get back to him, but just know you're appreciated, mate.

It's fucking cool to have people reach out and help like that. - I agree. And when you don't answer, I at least put a thumbs up or something in the chat. Let him know that he's loved, he is loved, and it's gonna kick off next year.

We're gonna have more options and make it properly open 'cause that's something I didn't really understand at the start. I was like, oh yeah, everyone can message and every time it's not a message and send sats, we're just gonna see it because this is Bitcoin and this is how it's supposed to be open.

And that's all these buzz words that are used and then like, oh, actually, no. It's kind of like closed off. And if somebody sends from a different platform a message, then we don't get to read it and they might have sent us sats in a message and then they think that we don't care about their message

and it all just felt a bit comfy to me. And so he is jumped in and put loads of effort in and next year we're gonna be changing things up so that we can see every message or we can interact with everyone who loves the show.

So yeah, appreciate it, you mate. I had no idea there was that much involved in it till he starts typing out all this stuff and I'm like, holy shit. Okay. I said, I'm the other day. I said, I'm like a machine gunner in an infantry unit.

You just point me in a direction and I'll shoot. Just tell me what to do. Next year, we'll come back strong and we'll be jumping on that. But until then, here's the messages that we can read from Fountain.

Late stage hodl, 55,555 sats. I listened to this on Thanksgiving, but fees were too high and I didn't reload my wallet on Fountain. Keep up the good work, Yarl. I'm thankful for what all Yarl do.

Max, please say, oh no, we go again. Max, please say Aluminium Garage. But like you live in Alabama, like you live in Alabama, I can't be fucking excellent. What do you say? I can't even think how I'd do that.

Aluminium Garage. (laughing) What to me? That is woeful. Aluminum Garage. Yeah, that sounds like about as bad as base is impression of me. Yes, yeah. It's on that level, isn't it? You gotta hear brother Rabbit's impression of base load.

He's don't want a base load. Yeah, he's got one. He's not shared that with me. He shared it with me. He tried to trick me. Act like it was base load. Believe me, a message. It was rabbit.

You rascally rabbit. I'll look forward to that. The Alabama accent is a drawl. They're a little slower down there in Alabama. If you watch Forrest Gump, he was supposed to be from Alabama.

Greenbow, Alabama. My friend Brent. This is like been my best friend for the longest time. We were in the Marine Corps together. We had a house on the beach in the Marine Corps. That was a party house.

Everybody came to there. Had a good time. It was, oh yeah. Anyway, old times, he had a really thick southern accent. This guy's smart. He's an electrical engineer. He's a chemical engineer.

He used to work on a nuclear power plant like as one of their lead engineers. Fucker smart, but he sounds like an idiot with that Alabama accent. And he would get over on people all the time playing this role, this dumb Alabama.

You know, like act like he was confused and stuff. I don't know what you mean. Well, like we go to McDonald's one time and he's like, oh no, let me get a Big Mac Coke on a fries, I guess.

And I was like, Brent, that's a number three. Why don't you just order a number three? You know me, I'm all up tight about stuff. He's like, yeah, what do you mean? Like number three, it says it right up there.

You know, you can just get this combo right there. You don't have to order everything individually. Like a fucking idiot. I don't know, man. Yeah, the Big Mac, a fries, a medium Coke. He used to do this all the time.

We went to go see a movie. He was like, hey, stop by the beer store. I'm going to get a case of beer. Like, if I can bring a case of beer in the movie theater, no, it's all right. I'm like, OK, so we go and get our tickets, walk in to, you know, pass the kid that takes the tickets.

And kids like, sorry, you can't bring in a case of beer here to the movie theater. He was like, oh, no, it's OK. You can't bring-- what do you care? I'm not going to leave pans a little bit of floor.

I'm just going to bring it in. And the kid was like, OK. I'm going to leave Trippin' with the Dumb Alabama Act. So it might be worth your time to learn how to speak like you're from Alabama, because it works.

People assume and know that I'm stupid already. I don't need to do that. Look at your face. Yeah, exactly. They just look at me and say, ah, this guy's retarded. What was this show? Is it Poirot?

Where he did that? The detective? And he like, plays dumb all the time? Silence, obviously not. Colombo-- maybe that was it. Yeah, Colombo would come back, and he'd be like, sir, I need to ask you one more question.

When you said your wife saw the perpetrator coming in, but she also wears very thick glasses. I'm a little confused. Yeah, he would do that and trick him. That's the one. Yeah. People would just get so mad and frustrated.

They would admit every crime that they ever committed to him. Brilliant. All right, next message is from We All Eat. We all know who that is. And he says, great start so far. Get things going.

Get his first boost in as he's listening. And then here he is again. We all eat 21,210 sats. Another absolute banger. L-M-F-A-O. Love him. Yeah. But you podcast warrior talking shit through the mic.

Get your ass over here in August for Lake Satoshi. Yeah. Fuck that cunt of English. What? Fuck that cunt of England. Oh, fuck that cunt of England. Just the whole country. In scribe your fucking idiots.

Get these sats from your weak paper hands to us fucking diamond-handed pleb minors. Great show, and you are ahead of the pool controversy with the info. Spot on fellas. Mate, we're always about 10 steps ahead.

And I'll keep talking shit through the mic. I won't be coming over for Lake Satoshi. You can't afford it out of the time. But one day, I'll come and talk shit to your face and you can get me a slap.

Wonderful. I look forward to that. Can I be there? You'll definitely be there. Filming. Yeah. It will be a wonderful moment. Yeah, I'll be training. That's why I've got all this stuff. There you go.

I'm ready for you. Training in style. Next one is from Ben 517 BTC. I will play endless sats for doing every Lake Satoshi ad in the Bill Clinton accent. We can do that. We'll see what I can muster up.

I did not have sexual relations for that woman. Another one from Ben. Oops. That other boost was missing a zero. Well, good. You made up for it. Where's the Bill Clinton accent? Oops. And where's the endless sats?

Oops. That other boost was missing a zero. We'll get them. We'll see. We'll see. You know, Lincoln Park Rules will tell us. Next one is from Eric Blockhouse. Thanks for the great content, as always.

Here are some sats for a shameless plug to promote my Bitcoin Quiz YouTube channel, Blockhouse's Bitcoin Brainiacs. youtube.com/atblockhouses. H-O-U-S-E-S Bitcoin Brainiacs. Eric Blockhouse is a plebminor mafia capo.

And I told him we would tell everybody about his YouTube's channel. And it's like Quiz Show. It's like, comes up. What's how many Bitcoin will there ever be? Bing Bing, 21 million. Great thing to watch for your kids, or-- Well, actually, we don't have a quite B-21 million.

Oh, god. You sniped me less. Well, actually. Actually, motherfuckers. Anyone, go to Eric Blockhouse's Bitcoin Brainiacs YouTube channel and take some quizzes, see how good of a dad you are.

You've been educating your kids. Let's see if they can answer it. Mine can. I reckon your kids probably know more about Bitcoin and mining than the average. Well, actually, on Twitter. It's quite possible, yeah.

Especially number one. It'd be interesting to see that, you know, like the really mouthy cunts on Twitter. I think they're really smart. And there are a lot of them. Just put them up against number one.

She'd get all shy. Oh, yeah, that's-- I'm going to pump her up. Come on, Rocky. You can do it. But a Bitcoin. This factor. Making a return to say Canada did Thanksgiving first. We are still commie fucks, but we started that.

OK, if it's true, fair enough, we're given that. Because at least he's been honest and said we are commie fucks. And I appreciate that. I appreciate the honesty. I call bullshit. OK. All right, so let's go back to our Thanksgiving article.

Thanksgiving was celebrated in 1620, but a pilgrims into engines. Then George Washington declared a day of Thanksgiving. This was an official United States holiday because they didn't declare a lot of official United States stuff because it was the United States of America.

It was like a loosely federated system here. So the federal government wasn't supposed to make those kind of declarations. But he did that in 1789. It had a public day of Thanksgiving. We declared a holiday in 1863.

Now, Canada claims they have some kind of Thanksgiving thing that traces back to 1578 with the voyage of a guy named Martin Frobisher. And he was trying to do this Northwest Passage thing.

So you didn't have to go around the South America. But nobody recognized like, oh, why is that a Thanksgiving thing? It wasn't even what Thanksgiving fucking means. Canadian Thanksgiving wasn't declared until 1872.

And that was to celebrate the Prince of Wales recovering from an illness, which is a pretty dumb fucking thing to celebrate. Yeah. So you Canadian Fox, still worshipping the crown, still worshipping English royalty.

But yet half of you speak French. Get the fuck out of here. Well, thank you for keeping me doing. Sorry, Canadians. I actually love you all. They were right, actually. Butter, Bonn, Linked Park rules, Mehdi, Norman.

We got to like Canadians. I think that as a general rule, they're much better than the Yanks. All right. Fair enough. A bit less cunty. Yeah. Just a little bit less. Not as edgy. Well, thanks for the history lesson, mate.

Yeah. And speaking of Canadians, Bonn. Bonn says, "Noster. Try this trick and spin it." Yeah. We'll try. We'll try harder. That's gone right over my head. What is that? Some sort of lyrics.

Mm-hmm. Yeah, the pixies. Where is my mind? It became famous for like a new generation because of Fight Club, and they played it in the Fight Club. Well, I know the song, but I can't remember that specific lyric.

OK. Fine. Still can't bother with Noster. Maybe next year. Maybe I'll care more. Bonn will break you. He will break you eventually. Yeah. And Ben, and everyone else who fucking annoys me about it every single day of my life.

Oh, have you tested out this new one? What do you think of Damas? Primal zaps. I'll do it next year. Wartime Psycho. Fire. Beers. Handshake. What's that? Turkey. Fire. Chicken leg or turkey leg.

Drooling. Sleep. Sleep. Yep. Drip to fame. You're going to go to sleep. Sounds good. Norman Remnant. US Canadians are the little brother with the unplugged PlayStation controller, thinking he's playing.

Oh, OK. Don't be so hard on yourself, Canadians. Pies. The signal is strong. This is the way. Mushroom, mushroom, mushroom, mushroom, mushroom, mushroom, mushroom, mushroom, mushroom, mushroom, mushroom, mushroom, mushroom, mushroom, mushroom, mushroom, mushroom.

Rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket, rocket.

Whew. Happy turkey day, mofos. Put your big boy pants on. Ooh. OK. Someone's fucking hard, aren't they? Yeah. I intermittent fasted 16 to 18 hours a day, Monday to Friday, and do heavy construction.

The key is micro-dosing mushrooms. OK. Thank you, mate. Thank you, gentlemen. I'm not worthy. I'm not worthy. We're not worthy. The pie says a perfect safety record at work, by the way. Not a rivet mist.

Perfect. The key is to micro-dose mushrooms. Do your 16 to 18 hours fast, but you need a little bit of speed mixed in there. Just a little bump with your coffee. OK, writing that down. Not really.

A little bit of bump with your coffee, with a little bump in your cafeteria. And you're good to go. Next one's from Lime Owl. And I think some of these are tests from the other podcasting 2.0 apps.

And that was-- yep, your test works. Test, test, testes. You dirty boy Lime Owl. Next one is from Rev Hotl. Yep, it worked. Boosting, boosting. 1, 2, 3 from Breeze. The only one that didn't work was Barn Myers, of course.

It's like, where my fucking sats? I fucking send you guys sats and Breeze, which fucking shit doesn't work. Nothing fucking works. I hate fucking shit lightning, shitting. Fuck this shit.

Custodial fucking lightning. I can't fucking balance my fucking channels, my fucking known. I fucking hate this shit. Boy, why are you so miserable at time? I'm not fucking miserable. But you're so grumpy.

I'm not fucking grumpy, dude. OK, wow. You sound grumpy to me. He's such a grumpy guy. Next one is from Henry GQI. I can't make that out. Henry GQJ. That would make a good punk cover. Snuff Wannabe.

It's a band called Snuff. They seemed like a scar band. And they did some covers called Wannabe. And then another one called Brand Flakes. And he wanted us to know about that. And then also, if we didn't know about Brand Flakes in the States, which we do know about Brand Flakes, we have many similar serials.

Sarah is a fan of a serial called Product 19, which you can't get everywhere. But it's a similar Brand Flake type thingy. And he said, it's like crushing disappointment compressed into serial format with a flavor reminiscent of an old IKEA catalog, making clear denial of reality in the adverts jingle somewhat whimsical.

We've got a way with words, Henry. All right. Well, I really enjoy that. Specifically described Brand Flakes. Bitcoin Kook. Thank you, guys. Nicki Jean, thumbs up. And to round it out, hashing to Heating, which he has revamped his website, hashing2heating.com.

Looks a bit cleaner, easier to navigate. So please visit it. He said, if you need more, take more. Seems like good advice. And now we have some statistics.

statistics, statistics, I'm telling you the basics, the hashing with basics. Bitcoin mining statistics. [MUSIC PLAYING]

statistics, statistics, I'm telling you the basics, the hashing with basics. Bitcoin mining statistics. [MUSIC PLAYING] As always, statistics is brought to you by Linkoin Mining.

That is the Linkoin Mining Platform. They provide all kinds of wonderful services from ASIC management, energy trading, financial services for your rewards, and, of course, a pool. Meta necessary recently released an official statement of Linkoin's policies, procedures, and vision.

And I won't give any additional context on this. I'm just going to read it straight up, and you think for yourselves. You're going to do it in his beautiful voice. At Linkoin, we remain steadfast in our commitment to responsibility.

Serve the miners who place their trust in us and align with our vision. This official statement aims to assist in the current environment of the Bitcoin mining ecosystem. I don't think I can do it for the whole time.

No, no, that was really nice, though. That was a good little intro. Now we know this is from Betty. It is. We began our journey from Ground Zero in 2021 armed with limited resources. Soon, we discovered a supportive community that believed in our vision and aided us in evolving into the entity we are today.

Our inaugural project, a hash rate marketplace named Linkoin Pool, aimed to establish a zero trust solution. Our mission was to empower miners with the ability to audit their earnings with a margin of error as close to zero as possible, utilizing publicly available data.

That would be lens.linkoin.com. However, this is not the entirety of our commitment. We wish to underscore our pledges to our users. First of all, management of funds. We are the exclusive custodian of our users' assets, and we autonomously assure the hash price and payments.

To substantiate our commitment, we settle users' payments every 30 minutes, making them available for withdrawal as soon as they are processed into our users' accounts. Additionally, we provide the industry's lowest withdrawal threshold ensuring our solution is as inclusive as possible.

Simultaneously, we programmatically monitor and uphold assets in excess of our liability to users at all times. We avoid jeopardizing users' hash rate, so we refrain from independently mining blocks or experimenting with our limited hash rate until a specific threshold is reached.

While we have the choice of purchasing block labels, we'll explain that later, or providing PPLNS as a payment method, we consider these options less transparent and inconsistent with our commitment to our miners.

Commitment to Bitcoin. The integrity of the Bitcoin ecosystem is our paramount concern. We allocate hash rate where we consider it healthy and our definition of healthy is outlined below.

We do not endorse out-of-band transactions. Our commitment lies in fostering competition and transparency, advocating for transactions to be added to blocks based on their priority and fee.

We maintain a neutral stance on ordinals, provided they enter blocks through the mempool in a competitive manner. Sensorship resistance has consistently been a fundamental aspect of Bitcoin.

We contribute to this principle while ensuring compliance with both local and international laws and regulations. We believe a decentralized block creation process where pools are not held accountable for blocks is imperative for preserving and strengthening censorship resistance.

Maximizing profits for miners is pivotal. Mining is a business, and for the Bitcoin network to thrive, miners must be transparently incentivized and compensated. This optimization is crucial for the sustained vitality of the network.

Our vision for the future. We envision Bitcoin mining not only as a means to fortify the world's most robust financial network, but also as a transformative force that bestows benefits upon humanity across various realms.

Our ecosystem of tools and solutions, which includes our FPPS mining pool, ASIC management and automation solutions, and energy trading platform, collaborates seamlessly to actualize this vision.

Each facet of this ecosystem is meticulously crafted to serve our vision, emphasizing flexible loads, environmental benefits, and supporting communities worldwide. And that's it. No context.

- No, I got that. Do you wanna just read it again from the top? - No. (laughs) - Well, thank you, Meddy. One thing that I wasn't sure there, and I do get asked occasionally, I think SPA was asking me the other day as well, and I was like, fuck, I actually don't know.

So obviously the hash is being sold somewhere else, or mined somewhere else, like correct. Is that something that can be shared because people keep asking me? Oh, not. - I think it's 'cause it's a moving target.

It's going to be whatever organization is best for the miners and their payouts. But you can figure it out for yourself. I think it's a matter of, you know, pull your pants down in front of everybody.

- Okay. - You know, like if you wanna see it, come over on the corner here, I'll show you. (laughs) Why was that the analogy I came up with? (laughs) - A real analogy. - Yeah, if you wanna find this out, you can use chain and analysis, and it will show you where it goes.

- Yeah. - I understand why they do it, but I think people just wanna know, like there's a few cunty pools that people would probably prefer that they weren't associated with. From my understanding, it's not the two main, most cunty pools that I can think of.

- Yeah. - But if someone really wants to find this out, they can. - So, yeah, I guess we'll leave it there. - It's not typically pool and foundry. We'll go over this later. This industry is fucked, and I have to give credit to Ocean for attempting, although quite poorly in the rollout, in breaking some of the stuff and calling out,

it's a good way to move the industry forward. And Medi says it here, listen, if we had the hash rate, perhaps things would be different, but 1.33 exahash, it's like every four days, I think, that you're gonna hit a block.

- Well, so there's two things to take away from that, really, which is one, throw some more hash at Linkoin if you can, because then they might actually be able to do this. And two, and more importantly, is do not ever, ever follow John down a dark alley.

- Might show you something. In my chain-- - You regret it for the rest of your life. (laughing) - Hey, if you don't want to be chain-analyzed yourselves, though, use one of the few mining pools, the only one that actually know of, there might be another one, that uses BIP-47 premium payouts.

- That's the only one. Chain-aneled in a back alley. And also, next month, we're gonna be doing a pod with me, Samurai, Craig Raw, potentially Medi, and we're gonna be talking about BIP-47 and Paynims and how they're used, why they're used, why they matter, why Medi's got that implemented on Linkoin,

why potentially no one else is bothered to do it, blah, blah, blah, so we'll be running a pod and spaces specifically on that. - Very well, I'm excited to listen to it. - Yeah, pretty good.

- I also liked your spaces that you did with Sam Ryan's Alco, good job. - Thank you very much. - It's good fun. - It's nice to do something that I actually care about. (laughing) Instead of the rest of your life, you know, all this mining shit, don't care.

- I like talking about tools that work. A lot of the other stuff I find is a bit fluff. It's like, you know, I've got this thing that maybe could work in 10 years and it's this idea and blah, blah, blah, and it's just kind of like, I don't know, I just like to talk about things.

It's like, there's a thing that actually works and I actually use and it's proven. And so people can go and use it today to buy clothing. - Yeah, exactly. - Do you know what I said the other day?

I was like, I was talking to Q&A and Antibust, and I was like, yeah, so weird. We've not had any lightning payments. You know, everyone just pays on chain. I think maybe we had one, I released the pod and then Cram writes to me, there's a reason we don't have any lightning payments.

And I was like, oh, why's that? We haven't implemented lightning. (both laughing) That'll do it. I was like, I swear we used to have it. He was like, yeah, yeah, we did. Can you remember we had so many fucking issues and you said, fuck this shit, I'm not dealing with it.

Oh yeah, I do remember that. - Yeah, I ordered something a while ago and I was like, hey, you know, that's what's happening here. - Well, let me reboot the BTC piece over. - That's why we don't accept lightning.

It was the OG motherfuckers. Lightning's a fucking shit coin, dude. It's a fucking shit coin. It's fucking bullshit. 'Cause still do your fucking lightning. Nah, fuck that dude. Fuck that.

I'm not balancing fucking channels. Fuck this shit. (both laughing) Fucking dude. - I don't know if I take that far, but I would say we'll take payment payments. So you can pay me by paying them or on chain.

I will probably look at doing something with lightning when I have time, but it's comety. It really is fucking annoying. And I don't want to do a custodial solution. Yeah, it just feels wrong.

It's like, oh, I'm covenantal misfits with a custodial solution for lightning just feels wrong. So if I do it, I'll do it properly and we'll do it ourselves. But for now, you can't pay in lightning.

So tough shit. - Barn miner's happy. - Yep. Let's go over some statistics quickly. Global hash rate on a 30-day moving average is 485. Last month, it was 458. Lincoin mining's hash rate sits over 1 exahash at 1.33.

Want them to sign their own blocks? Slam some hash there. Let's do this. Let's get to 10. 10 exahash, I think we're comfortable to be signing blocks. Brains, for instance, brains is switching to FPPS.

So maybe that at this point, six isn't enough. I don't know, not a business man. Anyway, that's your global hash rate. Over the past month, the highest one-day moving average was 575 exahash on December 2nd.

Smooth out the graph a bit. And look at the seven-day moving average, the highest was 504 on December 3rd. So that, to me, is a new Bitcoin holiday. We have now reached the half-azeta hash era.

Exciting. I mean, are you excited? I like that chilled. - Excessive. - Yeah, miserable fuck. - Do you like how I always just bring the tongue down? - Yes. - What's good? - I would go off.

- It's a fucking deep end. - Yes. We're well balanced. Hash value is $212,184 per peta hash per day. That's $92, but has been as high as $245,000. And that day was a $107 day for one peta hash.

That was December 5th. Good times. Thank you, ordinal shit-coiners. Maybe you don't want to filter those transactions. I don't know. Network difficulty is now 67.96 trillion. It was 64.68.

That difficulty came in at a 5.07% increase. Transaction fees as a percentage of block reward. Today they're 14.69%. If you pay attention to the show, that's good. But we were as high as 32% on December 5th and 35 on November 15th and 16th.

Good times. Statistically good times. - Give me two minutes, mate, please. - Sure. Are you gonna leave your Bluetooth headset in? Oh, I hope he does. Because he didn't want to hear what my favorite Christmas song was before.

And that pissed me off. So I'm gonna tell you all, it's Dominic the Donkey. That is number three's favorite Christmas song. And she's so happy about it. And she loves to sing along that she has made me love that also.

I would used to say it would probably be White Christmas. 'Cause I think being Crosby nails it. Especially the whistling part. But now it's Dominic the Donkey. (singing in foreign language)

(singing in foreign language)

(singing in foreign language) (singing in foreign language) (singing in foreign language) No. (singing in foreign language) To interrupt my singing, that was hideous. (laughing) Horrific.

What is it like for your family over Christmas time? I bet you are incredibly annoying. So are they. Oh, really they get involved. Yeah, man. The Jockamos love Christmas. We got the spirit.

You want to see our house? It's like a, you know how many totes? Plastic totes we have full of Christmas decorations? I don't even know what totes are. You know, plastic, plastic tote. Plastic containers.

You fucking cut me. You're playing dumb, dumb, dumb Brit. Brent plays dumb Alabama. You're playing dumb Brit. I don't know, mate, what is it? Get me all riled up. I'd like to do Christmas at yours one day.

It's fun. Yeah, I told Chad I say you should come over for Christmas. Do you have the mine all decorated? Come on over here. I think he'd be quite Christmassy. He looks a bit like Father Christmas already.

Sure. He's got the beard. Bleach his beard white would work. Yeah. We're supposed to have a body joke now. He's not here. He hasn't shown up in studio. I don't know. I text him. Nothing. Called him.

Nothing. I think he probably worked so hard on that mission statement with many that he's burned out or something. I thought, actually, while I was editing last month, we were quite nice about him.

We were like, oh, he's growing on me. And I thought, this is exactly what happens just before someone lets you down. The moment you start thinking, do you know what? I like this person. I trust this person.

Yeah. They fuck you over. And that's exactly what he's done now. Little bitch. Let's call him. See if he answers. You tell him how you feel. I will. Dialing him up. People, people, people, people, people, people, people.

We'll get him. We'll get this fucker. I'm on my little headset. I've got to pee. Nothing. The voiding us. I wonder what his ringtone is. Booty bitches. Hey, awesome. Barty Mick Bartyface.

I am sorry I didn't answer your call. I am grinding away on new tools and products for Lincoln. I wish y'all had my earliest convenience. Thank you. And happy hashing. [BEEP] Hi, Botty. This is Max and John.

We just want to say that, over the Christmas holidays, we want you to go fuck yourself for not picking up the phone. We think you're a gay little robot. We don't like you. We said that we did last month.

We were actually just being kind. And now we retract that statement. Go fuck yourself. Anything from you, John? No, you nailed it. All right. I'm hanging up the phone. Click. I hate that guy.

You know, one time when I was in high school, I was talking to somebody on the phone, the pay phone at high school, maybe didn't have cell phones back then. And I got mad and I slammed the receiver down.

And I looked behind me and it was the football coach, one of the assistant football coaches, and watched me slam and break this phone. I had to pay for the phone company to come out and put a new receiver in.

This is why you're a telephone man. That's right. Yeah. Because you were thinking subconsciously, you were like, I don't want to fucking pay to fix a phone again. This is shit. You know, I'll learn how to do it then.

There you go. That's how it all started. That's how I became a phone man. Wow. Next up on pleb minor monthly on the bit by bit radio network, we're going to talk about allegiance pool, ocean pool, and how that all unfolded.

But first, we have an ad read for like Satoshi. Max, are you familiar with the 2024 Bitcoin beach retreat in Langsburg, Michigan? I am. And I wish I was going because it sounds fucking brilliant.

I was talking to a very good friend of you and mine. And he might be visiting the US of A with his family. And I said to him yesterday on a call, I said, you know what? It would be great if some of the European people came over.

Like, I don't know how many people in our little social groups, the Mecht Adele and the node runners and all that stuff. And all the UK guys, how much money y'all got? There's got to be some people with some bags.

I imagine in our little group, Max isn't saying. Maybe motherfuckers got bagged. Hey, you're probably going to do something this summer. And you got bags come over to Langsburg, Michigan.

Come over to Lake Satoshi. Come over a day early. I think Chet might have some activities out there. They were talking about a basketball game, perhaps doing some shooting out there. That would be nice for the European folks to actually shoot a real gun when they make you feel like a man.

We can do that at Lake Satoshi. You've got guns there. OK, great. Every farmer and their mom's got a gun around here. A 22. You could shoot a real man's gun here. So they make them make you feel like a man.

Yeah, a shotgun's all right. Sure. They get a job done. Saw it off. Anyway. Hey, come over to Lake Satoshi. I'll treat you real well. Take you out in the woods. Pitch at 10 for you. You're going to love it.

Smoke some cigars. This is supposed to be an advert. And now everybody who is considering going has gone. I fucked that. Some people are into Bill Clinton. OK. Smoke cigars, Bill Clinton, and shoot guns.

Even though I'm not pro second amendment. I don't know what anyway. Come to Lake Satoshi. Please. I think you'll have a great time. Lake Satoshi.com tickets are $21. That's a $21 donation.

That is a hell of a lot cheaper than you're going to get anywhere else. Most places you go to, what do they do? All right, well, you have some panels. Nobody goes to watch those panels. People have booths set up.

It's a bunch of fiat cucked. I do taxes for Bitcoin and crypto currencies. Crypto lawyers. Don't you know if you sell an NFT? That's a taxable event. I can help you do the paperwork. Be sure you report everything to the government.

Fuck that shit. You could play basketball. You could go jet skiing. You can dive in boards there, shoot some guns. You don't even have to go into any of the talks or anything like that. They're going to have a little farmer's market set up.

We're talking about this the other day with our well, that's difficult. I want things that people produce over in the EU.

You want stuff that's produced over here in America. Why don't you just buy it directly from the pleb that's there, like a little farmer's market. You want to have some of Carl's cider. You want to have some of Jackie's lamb that they harvest.

By themselves, you want custom glassware. I bought some a chatbot hand-blown glass vase last year for Sarah because he's a nice guy. She was eyeballing it. She's like, I really like that.

He said, I'll buy it for you. That almost right. Shit. You motherfucker. Anyway, it'll be like a farmer's market real quality goods and services. You're going to love it. Ocean pool. What do you know about it?

I, as I said before, I've been sort of off Twitter a little bit, but I did read through a message this morning from Diverta to brush up a little bit. And I think you're going to read through his message because I can't-- Yeah, properly.

And then we'll discuss it. But my assessment from reading it while shitting just before the show was it's a little bit cunty. Probably more than a little bit cunty, actually. I think they deserve the attacks that are coming their way.

I don't think those attacks will stop. And I think a lot of people who are squawking the other way don't understand what it means and the precedent it sets. So a big thank you to Diverta for being truly one of the most ungovernable fuckers out there.

He is not even a national treasure, because we're international treasure. He's an international treasure. Yeah, he is a fucking real one. So thank you, mate. I appreciate you taking the time to write all of that down, which we're just about to go through.

But yeah, it's a little bit cunty. I called Brother Rabbit first. I'm going on holiday, mate. Call Diverta. OK. [LAUGHTER] That's having fun. Good. Get the fuck out of here. Go on holiday.

Forget about this place. It's going to be a life. Yeah. I want to tell the story from the beginning. Ocean came onto the scene with a really good idea. A lot of people were excited because of things like selling hash, because of OFAC compliance, because of censorship.

There's just a small group of mining pools that control everything. And it's not good. That's centralization. So they came out with a message of decentralization, which is super plebe, and everybody can get on board with that.

And I was excited, and I know other people were excited, and they were in talks with them about contributing decent amounts of hash to them. So that was exciting. It moved the needle a little bit in mining.

It's a worry that I've had with linkcoin for a long time, not signing blocks. When you understand that linkcoin mining, the pool is just one part of the service. It's a hash rate marketplace.

I kind of like that. They're a little bit more open about things. But we used to mine in a different way, where you controlled your own node, where you pulled Git block template from the memoeple, where you picked the highest transactions and prioritized them.

You did that on your node. The node was integrated with a miner at one point. That's traditional mining. And so the ocean came out, or the Legion pool came out, and said, hey, we're going to do things a little bit differently.

85% of hash rate is monopolized by five mining pools. Bitcoin security model is threatened. OK, great. Individual miners don't have any economic incentive to run a full node. It doesn't do anything for them.

There's a monopolistic control, just a few entities. They have all the influence over thing, and that's increasing. That's not good. Sorry, I mean, everybody can get behind us. Like, even talking about it, well, I'm excited.

That's a change in mining. So they were trying to solve that problem, that most Bitcoin miners and Bitcoin mechanic, grass-fed Bitcoin, was on a lot of podcasts before they released. And that's the thing that he said quite a bit, is that most miners aren't miners.

They are hashers. If you're not running your own node, using somebody else's stuff, all you're doing is kicking up hash. You're not a miner, you're a hasher. I get that. I'm still going to call myself a miner, I think.

Most miners are going to. But I get what you're saying. They kind of build themselves as a protecting against 51% attacks. If you decentralize the network more, well, that just obviously makes sense.

They want to incentivize miners to run those full nodes. That's great. How they do that? You pay directly from Coinbase. You also have some sort of marketplace in there. And I do not understand this mechanism to it, so I'm not going to try to explain it.

In detail, maybe I'll just give an overview. It's like, basically, your hash rate contribution could be bought up by somebody else. I'm not going to say the word cloud mining, because I don't think the mechanics work like that.

But somebody else is able to provide liquidity for you. And that makes sense. I mean, if you're a home miner, and you are spending $500, $1,000, $2,000 on an electricity bill, your runway isn't particularly long.

For a small pool whose chances of hitting a block are currently there are 400-something peta-hash, or your chances of hitting a block are once every week, that's a long runway for somebody.

I mean, you could go a month without hitting a block. What are you going to do about that power bill? Now you're selling corn. It just isn't great. So they have some kind of marketplace mechanism.

Otherwise, they'll pay you directly from Coinbase. That's something else to talk about in the future, if you meet their minimum threshold. But this launch was just a relaunch of a LIGIUS pool, which was one of the older mining pools run by Luke Dash Jr. that will come into play a little bit more.

For 2024, they've got a roadmap to encourage miners to run their own nodes. There was talk about perhaps them selling nodes and doing education on how to get nodes set up. So they had a launch a week and a half ago or so.

It was a presentation at a hydropower station in South Carolina. They had up on stage people that we know. Zach Baumstow was up there. Scott from Bitax was up there on stage. Well, as they were talking, I swear to God, Zach Baumstow was going to say the plug miner mafia at some point, I even put something in our chat like Zach.

You know, you were so close to saying, mentioning the mafia up on stage. But Zach came in afterwards to give us an update on how everything went. I was even a little bit excited myself. Of course, the champagne bottle break was cheesy, empathetic, and silly, whatever.

It's just good fodder for comedy. These nerds up there trying to break about the most autistic weird nerd, trying to do some kind of physical activity like that. But then they give it to the other nerds and they can't break it either.

You know, it was just kind of funny. I said that clearly none of these guys have ever been in a bar fight and broken a bottle over somebody's head or even thought about it. And it was just kind of funny.

I called a friend, of course, you know, you probably figure out who this friend is. - 'Cause you even ate a friend. - 'Cause I know my one friend. I know this one friend thinks outside the box in a very adversarial manner about everything.

Almost pessimistic. But to me, and we were talking about this, like it's just gut feelings. This guy's got really good gut feelings. And he questions everything and he keeps questioning them.

I appreciate that. I even put on a tweet like, you might not like this guy's delivery sometimes, but he questions things and you don't understand how important that is in this space. Do not be one of two things.

Either you're a sycophantic fan boy. All right, I'm not gonna curse, you know, you're just like a sycophantic fan boy. That's the best way I can say it. Everything that comes out, oh my God, I love it.

That's great. That's new. Or you're a miserable pessimistic fuck. - Well, it's not gonna work. That's stupid. Everything's fucking stupid. - That's like the two dichotomies we have on Twitter.

And I appreciate this guy because he would just come in and start questioning things with gut feelings and question again and pushing and pushing and pushing. So everybody thinks it was the people looking at the mempool or looking at their block template that they found out the ordinals and inscriptions were getting filtered out

or that it was samurai. But it was this guy in particular who was asking the first questions on the inside. So appreciate that this guy exists. So anyways, I called him and I said, how is this different from Laurentia pool?

How is this different from Kano in a way? And he's like, I don't know. To me, the mining economics don't work out. You don't pop off blocks. And this is the way this guy says things pop off blocks.

I love that terminology. If you don't pop off blocks, it doesn't matter. You have to have the hash. And how are they going to achieve that hash? Well, initially they have Bob Burnett from barefoot mining who we've mentioned on the show before numerous times when we did our breakdown of a Bitcoin mining server.

We quoted Bob Burnett. I think we've quoted him quite a few times. He's got really great messaging. I think he really believes in Bitcoin. That's my opinion. You know, he might not like him. I don't know.

But they have some of his hash, not all of it. But that was their like seed hash essentially to keep things going. But they needed more people's hash in order to really do this. Laurentia pool does it different.

They've got a timeframe. And they say, if we have this amount of hash in this timeframe, we mathematically think that we will hit a block and everybody will get paid out. So they're like a coordinator Laurentia pool.

And even mentioned that to the coordinator in the Home Mining Wizards Telegram channel. I said, how is this different from Laurentia pool? And he said, that's what I'm trying to figure out.

Some of the things were special. Some of the things were typical of mining pools with not a lot of hash, where you have to say, I'm just going to be on there for a while. So I had my questions initially about mining economics.

If you have a $200,000 electric bill, you're really probably going to go with an FPPS pool like linkcoin. Yeah, if you've got, you know, a couple X a hash, half a pet of hash, I don't know, two, 300, and you have a long runway, or you are only taking a quarter of your hash rate and kicking it up to here.

But you still have 75% going to other pools. That makes sense. The small guy doing this just doesn't make sense unless you're mining for morality. So that tripped some red flags for me. I call this guy, he's a mining economics.

It doesn't pay the bills. I also got a sense that they were like coming from a moral high ground, you know, dogging FPPS, okay, fine, you gotta pay the bills. Motherfucker, my electricity bill, sometimes $1,800.

I gotta pay the bills. So he had a gut feeling that something wasn't right. His gut feeling was on the ordinals and inscriptions thing. Also, not just the mining economics. And he just asked, he just had a gut feeling.

I asked him, I said, how did you know to ask this? And he's like, I just had a feeling. Are you filtering out ordinals and inscriptions? Are you censoring ordinals and inscriptions? And their reply back to him was, it's not censorship.

Whoa, wait a minute, are you filtering them? Well, it's not, we're not calling it censorship. Okay, so you're just controlling the language there. It still means the same thing. Hey everybody, as we talked about last month and this month, ordinals and inscriptions have made us profitable again, when it has been a long, tough year.

We're at $107 million at this point. $107 million went out to miners in fees for these stupid things. I mean, they are fucking stupid, but the whole point in this network to me is like, it's open and free.

And if someone wants to do something that you might deem stupid and they're willing to pay miners for that, then have at it. The idea of any form of censorship on this, even if I don't agree with the thing, is retarded.

It's just not what this is about. So from my basic standpoint, from literally reading a couple of bits from diverter and hearing a few schools here and there and spending probably less than five minutes on this, in all honesty, it's as basic as that.

It's like, no, it's not acceptable. Well, this guy was talking to clearly doesn't accept it because mining economics, we already had questions about mining economics, and now you're telling us you're getting the filter out spam as Luke Dash Jr calls it.

Okay, well, that's something that you should have said. That's fine that you do it, whatever. I totally disagree with you, but it's something that you maybe should have said in your launch.

By the way, we're not using regular Bitcoin core, we're using Luke Dash Jr's version of Bitcoin core knots. Those are knots, yeah. Knots, and so there's baggage that comes with that. I mean, they built this company around Luke Dash Jr, around Allegia's pool, because it is an old pool, because it's hit a bunch of blocks.

You go to Ocean's page, it says, oh, we've hit 12,000 blocks or whatever, no, you haven't, you've hit two. You're just using this old pool and piggybacking off of that. This is the guy that you chose to partner with.

There's a lot of smart people that have come along since Luke Dash Jr. Thank you for your contribution to something that I was barely even involved in at that time. Great for you. There's a lot of smart people out there.

You could have gone to anybody to help you construct this pool, and you chose this odd fellow. I'm being nice when I say, but the guy's odd. I don't know, I kind of like him. I don't know, I kind of relate to him.

No, no, he seems like a stand up guy. Let's stand up, pick up a shame belt, bust it over an asic, stand up guy. No, he's fucking weird. Yeah. All right, we're all weird. Yeah, but he's spooky weird.

Yeah, you're fucking weird, but you're welcome on my dinner table. He's not welcome on my street. Are you serving cat? I'm fucking strange. Currently, Ocean Pool has 450 peta hash. As I said before, that's like a chance of hitting a block.

On average, once out of every seven days. But mining economics take precedence in all of this. So they hit two blocks out the gate already. Well, they could go two, three weeks without popping off a block.

They could go three months without hitting a block, and then pop off six, seven blocks within a week. You don't know. So how can they woo these bigger miners to be part of that organization and kick up their hash rate?

You've got to have the hash. Well, they get a nice $7 million worth of infusion from Jack Dorsey from other influencers, and they're paying for hash. They're paying for people's hash straight up.

Hey, we need some guaranteed hash. How much do you usually make? We usually make this. OK, we'll pay you a Bitcoin every couple days. How's that? We'll guarantee it. They're not doing that for the pleb miners that they were wooing.

We're such a pleb pool. And I don't mean to be a dick. No, I don't want to get pulled into this. I don't want to be like the-- I'd like to be funny. I made a funny video about Luke. That's great.

I don't want to be-- I guess-- and I've said this to you before and other people. I like to have confrontations in real life, face to face with somebody. Union stuff at work. Yep, I'm the guy that you want in there, for sure.

No issues cracking a bottle over someone's head. It was a different life back then. But now I will bring this-- I'll bring the heat personally. I do not want to bring the heat texting. My hands hurt.

They're all fucked up. I'm not even 50 years old and my hands are all fucked up and arthritic. I can't type. I also want to look at somebody's in their eye. I want to hear your tone, the inflection in your voice.

You can read a lot from body language, and I'm not doing that on the internet. But I don't like this stuff. I don't like you coming, putting down other pools that are just trying to survive, positioning yourself from some kind of moral high ground.

And then when you release your censoring transactions, and it turns out you're paying for hash, not cool. There's a way past this. You could do what Medi did. You could just come out and say, hey, this is the nature of things.

This is who we are. No bullshit. It's fine to be weird and comfy and do something that we don't agree with. If we believe in freedom, then we should allow people to do what they want. But be upfront about it so that we can say, hang on a minute, we don't really like the idea of censoring transactions.

Obviously, that's why we're involved in Bitcoin. So we're not going to use you for that reason. And then when they realize that nobody wants to use them for that reason, then maybe they change their position on it.

But don't try and hide it and say, oh, we're not censoring. We're whatever word they come up with. It's like, mmm, that censorship. It's comfy. We're not here for it. There's a way past this.

To me, their 2024 vision looks good. Everybody you're going to host your own knows. They're going to get nodes out there. They're going to teach people how to use them. There's a way past this.

I think, first and foremost, you've got to drop Luke. You've got to drop knots. On his head in my sort of contract with him. I don't know, put him in a back corner somewhere. Pay him his money.

Feed him some cats. Don't let him sort out his own security. Give him a passport or something so that he doesn't lose his money that you pay him. Also that too. Anyway, I always say this.

Leave the door open for redemption if somebody is willing to redeem themselves. I like Bob Burnett. Actually, I like mechanic. Mechanic was nice enough to come into the plebminer mafia telegram channel and answer questions of people there.

There was even some back and forth between he and Mettie. That was healthy. You know, everything we do in that telegram group isn't like other telegram groups. You know, it's invite only, I don't control things in there.

You know, everybody does what they do. But when somebody's disrespectful to somebody else in a brood, they usually just kind of, hey, everybody, can we just be respectful to everybody? We're all hard working.

I really stress civility. So there was a good exchange there. Mechanic answered my questions. So I appreciate him for that. Bob Burnett, I've liked for a long time. There's some good people behind this project, but they're also fucking influencers.

There's also this weird guy. Get your house in order. And don't come from some moral high ground. Just be practical about everything. The world's a complex place. There is no black. There is no white.

It's all freaking shades of gray. So I appreciate the man that I spoke to. I appreciate his gut feelings. I appreciate his warrior attitude. You know who you are. I love you, brother. Thank you.

But also a lot of people were on this too. Check some zero. These are like a small Twitter account. Big whale miner, I think. Nobody's always in home miner wizards. Had some great stuff to say.

You just have to look out there. Sometimes don't pay attention to what this group is saying and what the other group is saying. Get a little bit from everywhere. So I appreciate all these different viewpoints.

I had a conversation with Carl the other night and he brought up a great point that I didn't even think about. He was on "Nostar" because he lives on "Nostar." He's one another one. I'm a "Nostar" guy.

He's like, "Bawn" and "Ben" and they're all "Nostar." God bless you for it. And he said, "I saw a guy post and said, 'I'm on ocean.'" And so Carl's like, "Hmm, I wonder if I can figure out who that is that's on ocean."

And so he figured out, he said, "I just put an S9 on ocean." Carl said, "Okay." You put an S9, you say, "Here's a timestamp. I know how much the hash rate for an S9 is." You can go on "Ocean's pool site."

I haven't done this yet. So this is just from Carl. And find out what the hash rate is, what the worker name is, what the address payout is on there. So to me, they got some anonymity problems that they need to work out also.

Carl said he whittled it down to like, it's one of four or five people. Well, at least they're allowing paid-in pay-outs and helping with that. And Chewie, yeah. Oh yeah, we're moving it along.

What happens next? December Abu is getting involved. And they notice something in particular. And we're not going to try to explain it. We reached out to Brother Rabbit. He's on holiday. We reached out to Diverter.

Wonderful man. International treasure. Yeah. Sent us this message. Gents, a little background and info on the ocean mining slash samurai situation. "Op return" is a transaction output in Bitcoin that is provably unspendable and allows for storing data bytes.

This data is pruneable, meaning once the node has downloaded the Bitcoin blockchain, it can discard unnecessary info such as these op-return codes and not have to store them forever. Prior to 2014, transactions containing op-return were not relayed by all nodes, even though they were valid transactions.

In 2014, Bitcoin Core Version 0.9.0 was released and included a default setting to relay op-return codes up to 40 bytes in length. Then in 2016, Bitcoin Core Version 0.11.1 increased this op-return relay default to 80 bytes length.

It has remained at 80 bytes for going on eight years now. Luke Dash Jr., Luke Dasher. I don't know, is it Junior or Dasher? You've got Dasher in Junior and... Yeah, isn't that one of the reindeer?

It's one of Santa's reindeer. It's the one that looks like a cat. Dancer and Prancer and... You've got Dasher in Dancer and Prancer and Blitzen. Comet in Cupid and Donner in Vixen. But do you recall the most famous reindeer of all?

Luke Dasher in the cat. Luke Dash Jr., Luke Dash Jr., the cat eating reindeer. Anyway, Luke Dash Jr., the cat eating reindeer, a core dev used to run a mining pool called Alegious. He always considered anything like op-return spam and abuse of the chain.

So in his old pool, he began filtering out all spam and notably also began enabling literal blacklists to prevent transactions from gambling operations like Satoshi DICE being mined into a block.

And then he has the references here, Bladi Blalibla. He is notorious for the stance, including comments that BIP-47 Paynims notification transactions are spam due to their usage of the op-return and should not be implemented at all.

Now with the backing of Jack Dorsey, Luke Dash Jr., the cat eating reindeer, has essentially reopened his Alegious Mining Pool but under the new name of Ocean Mining. The name changed, but his supposed spam filtering did not.

Luke maintains his own custom fork of Bitcoin Core called Nots, rather than using Bitcoin Core to create block templates for his mining pool. He is using his custom fork. In this fork, he changed the rules set in Bitcoin Core so instead of relaying transactions with an op-return of 80 bytes or less,

Nots only includes op-return transactions of 42 bytes or less. The difference in code between Bitcoin Core, which nearly everyone runs, and his custom Nots fork is very clear. Bitcoin Core op-return relay code is at some GitHub.

We'll leak. So you know, so you can compare, if you're smart enough to figure that out. Sam now enter the Samurai. Samurai Whirlpool uses the zero-link protocol as an initial setup transaction called a TX0.

In this transaction, there is contained an op-return output which facilitates spoofing protection amongst other functions, and it contains 46 bytes. So when Luke's Ocean Mining Pool builds a block template to mine, it will exclude all Whirlpool TX0s because the 46 bytes exceed Luke's custom 42 bytes setting.

Put another way, Ocean Mining is considering Whirlpool TX0s in the same boat with ordinals or inscriptions. Luke says they're all spam, and that miners literally have a duty to filter out spam.

Additionally, Samurai has implemented BIP-47 reusable pay-nim codes, yay! Also known as pay-nims. In pay-nims, when you want to connect to another pay-nim user so you can derive addresses that only the two of you know a huge privacy boost, you have to send a notification transaction.

This initial notification transaction contains an op-return output as well. But this output must contain the full 80 bytes allowed by Bitcoin Core. So again, by using knots, instead of Core, Ocean Mining will not consider a pay-nim notification transaction as valid.

It would consider it spam and not include it in their block template. There are plenty of opinions that have been on this subject, but the fact remains that Bitcoin Core consensus rules allow transactions with an op-return up to 80 bytes to be completely valid. Luke's custom fork called knots, once again, changes those consensus rules

to allow only 42 bytes. Ocean Mining is using knots to build blocks. So as of December 6, 2023, any block mined by Ocean Mining, which has only been to, will exclude, filter out all the Samurai Whirlpool TX zeros and pay-nim notification transactions.

Samurai has some recent back and forth with Ocean. They were Ocean, perhaps feigned a good faith discussion and we're trying to implement some sort of damage control. That was the end, by the way.

This is now my voice. The Samurai recent, yeah. (laughing) - This is now my voice. It wasn't my voice. - This is now me. It was Nair Raider Man's voice. - That was not Versa. (laughing) - It didn't resound a lot. - He was a southern accent too.

Yeah, yeah. Anyway, so they've had some back and forth. They've had some very interesting back and forth with lawyers and you'll have to catch up on with Samurai and get his side of the story 'cause it's actually pretty fucking funny.

(laughing) So I look forward to your conversation with Samurai and you get that part of it. - Next month. But yeah, I mean, I don't know about you, but reading that the second time doesn't really change my view.

It just seems antithetical to Bitcoin and freedom and your censoring transactions that are valid because they pay a fee, allow for people to have privacy and freedom and all the good stuff that we love about Bitcoin and it just seems wrong.

The only thing I can think is at the moment it seems like they have a small amount of hash, so okay. It's not the world's biggest problem now, but if people actually got on board and thought, "Oh, I'm gonna fucking jump on this pool and use it."

And I really like that reindeer guy. That would be a problem. It does need to be fought and people do need to stand up and tell them to fuck off and go elsewhere or change their ways and like we said, put that reindeer in the corner.

That was me finishing my thoughts on it. In my voice, I've lost you, John. You just had enough. You thought, "No." God of pee, okay. - 2,000 years later. - Did you catch any of my thoughts on that?

I just went quiet for ages and then I saw a message, "God of pee." And I was like, "Oh, okay." - No, I didn't. Bring me up to speed and then I'll take us out. Repeat everything that I just said.

- No. - I mean, I pretty much know how you feel. I'm not saying anything clever here. It's just, it's disappointing. It may come as some shock, but I agree with Samurai. I believe that it's important to, yeah.

I believe it's important to allow freedom and these transactions matter and they're paying a fee. So don't fucking block them. And that's about it. Don't use them while they still have this feature.

That would be my recommendation. It would be my recommendation as well. But like I said, ocean, mechanic, there's redemption here. Drop knots, push Luke into an alley behind the Chinese restaurant or something.

- Let John fuck him. - And move on the right way and I'll show him. - Bad time. - Yeah, bad time. - He'd probably like it. - No, don't do that. We don't condone rape on this podcast, but we also don't condone, no.

But we don't condone censorship either. So there is a line. If you keep crossing that line, Luke, I will let John out of his cage and bad things will happen. So just bear that in mind. - You know what I said on Twitter?

You might not like how the Samurai community communicates sometimes. Samurai wallet, T-dev, no sphere. You may not like the delivery 'cause you're-- - A lot of people don't. - It's just a fucking delivery.

You wimp. What words are they saying? Pay attention to the words. If you get wrapped up in delivery, chill out. - Oh, they call me a fag. - Yeah, when it comes down to a bar fight, do you want to be in that fight with somebody that gets hurt by being called a fag?

Or do you want to throw down with these guys? 'Cause I'd rather have these guys by my side. I'd rather be fighting next to them in the trenches than other people. So I don't like the words out of here.

- Well, this is what I just said. I recorded as they'll go lose track of time. Not yesterday, the day before. That's what I said to him. It's like a lot of people often write to me. I don't think many people understand how often people message me and how much time it takes with people like, oh, what do you think about this, mate?

What do you think about that, mate? What do you think about this? Oh, they said this. - I said to Zalka, my answer is always the same. It's like, listen, when you build software that allows freedom and by building that software and standing by it, you risk your own freedom, then your opinion matters.

Then you can come and get offended by them calling you a fag or them telling you to fuck off or you're a retard or whatever else. No one else is doing it. Just look at what they build and stop worrying about the way they deliver the message.

It's sympathetic. If you can't take somebody abusing you, you're in the wrong industry, like you are in the wrong place because that's got to happen. People have to push back and they're actually doing what they say.

Like if someone else goes online and they're being abusive and calling everyone a fucking retard and telling everyone to man up, but actually they're not doing anything themselves and they still have their sats on Coinbase, then I will call that person out.

But while these people are standing for freedom, while they are actually the only people who are really standing up and making the changes that we need, they get a pass. They can say whatever they want.

If anybody's offended, take that energy and divert it. - About the fuck up. - Yeah, sure, man the fuck up. You can also say, "Hey, I don't like the way you talk to me." Good, you should tell people when you don't like the way they talk to you, but they might say something back.

There's only so much energy we can expend in this world. Let's point it at the real enemies. - Okay, mate. Well, does that sort of tie a nice, prissy bow in that? - It's not pretty, but it's a bow.

- It's a bow, okay. - Double square knot. - Make your own decisions. Don't message me or John saying, "Oh, is that something mean to me?" - Yeah, please don't. 'Cause honestly, we don't care.

We have families and lives and things, and we really don't care, so fuck off. I'm just a guy with a microphone and an electrical plug. Do what you want, support who you want, use what implementation you want.

That's what this is about, we don't care. I want to expose some uncomfortable truths in Bitcoin mining. - Okay. - As have been exposed over the past few weeks, there are far less independent block signing entities than you think.

When you go on mempool.space in the mining section and you look at blocks and you say, oh, Antpool, oh, Foundry, oh, Braind, oh, Luxor, oh, bdc.com, cool, poolin', great. You're not gonna see Linkoin, we already know that.

They don't sign blocks, but you will see a lot of other companies that sign blocks and you go, oh, great, okay. Well, they're mining independently. Eh, eh, no, they're not. They're buying those labels.

Linkoin could buy them too if they wanted. They don't, the pass those savings on to the miner, but it looks good. Luxor, they're buying those labels from someone else. Mononaut recently noticed that over 40% of hash rate are sending their Bitcoin directly, and I assume that means straight from Coinbase payouts, to the same custodian.

And why is that? A lot of mining organizations that so-called sign blocks are not signing the blocks, they're selling hash up to a higher authority. And we can say that these are called primary pools.

And in order to be a primary pool, you have to tick off three boxes. You have to one, create your own block template. Two, own, control the Coinbase transaction. Three, you sign the block.

That part could be optional, the signing the block part, but you gotta control the Coinbase transaction and you gotta create your own block template. Something that Ocean is trying to give back to the miners themselves.

I will credit them for that. So you know a lot of FPPS mining pools. You know, Binance, they're the number three. They've got 53X a hash. Luxor is number six. They have 17 BDC.com. They're number eight.

They have 10.8X a hash currently. Another one is ECMD. They have 11.6X a hash. Poolin has 5.4. Ultimus has 1.85, and then under them is Linkcoin with 1.33. You'll see Binance Luxor, BTC.com, EMCD, Poolin, Ultimus.

So on and so forth, signing blocks. But what they are is actually reselling hash to Antpool and buying labels from Antpool. Antpool takes the Coinbase payout. They filter out all the ordinals and rare SATs and all this stuff and they hold on to it.

Then they dish out those SATs to those miners. When you get a payout from Linkcoin, you're getting fresh SATs out of the Coinbase. Linkcoin doesn't do that. So you might not like the hash kicking up thing.

You might want to see them sign blocks, but a lot of these other organizations aren't really signing blocks. - It's a dirty world. - It's a dirty world, yeah. - It's murky. - Oh, yeah. - It's a murky pool, are you?

- So it's obviously like, oh, you know, Antpool has 40%. But if you count all these other pools, Antpool's probably closer to 50% than you think. As a template creator, as a custodian of the Coinbase transactions, Antpool is the biggest pool in the world.

And they're closer to 51% than you think. - That's not good. - Scary. - That's so scared. - You know what I think? Sometimes at the seven million dollars that Jack Dorsey kicked up on other influencers, if you gave that to Maddy.

I think he'd build a pretty cool pool. - Do you reckon? Is that what it takes, seven mil? - That's what they got. - But look what they've done with the seven mil. They've taken seven mil.

They've pissed everyone off. They've done some censorship. They've probably paid Luke back his million dollars or whatever it was that he lost or got hacked or bought some hash, did it, yeah, did a boating accident or something.

It doesn't seem like they've achieved much. What would Maddy be doing? Like, is this something that's really fixable with that? 'Cause seven million's a lot of money, but if you only knew how penny pinching Maddy was.

(laughing) Yeah, he's a penny pinching. When you went to the bar, you were ordering a few rounds of drinks and he goes, "I didn't have the nuts. Can we take this off my own?" (laughing) You owe me 19 cents.

Do you have free pretzels at the bar? Well, that's good. He's value conscious. They hold all their own money, as he said earlier. So you didn't want a penny pincher to be the one holding your own money, to be backing up all the hash you do.

But I mean, seriously, is it something that is fixable and if so, how? 'Cause I listened to that and I'm like, "That's a real problem that's maybe not discussed enough." 'Cause people are like, "Oh, this pool has this percentage of the hash "and this one has this one."

And now you're saying that? And I'm like, "Well, they sort of do, "but not really, actually. "And that is an issue. "Is there a way to fix this other than giving Maddy "seven million dollars?"

(laughing) Right, if anyone wants to give me seven million dollars, that will also fix the problem. I guarantee it. I won't tell you how or a timeframe, but it will be fixed. You'll be all right.

Yeah, yeah. How would you fix it? If I said to you, right, John, here's some money and some time and here's a team and you can choose the team, like, how are you gonna combat this? Oh, I don't know.

I'm very pessimistic about this. I was going over in my notes with Mezdell yesterday, 'cause we had our monthly Mezdell call. I don't know if you know this, but the 8th of every month, we have a Mezdell call where we go over a particular topic.

I know it and I feel bad every on the 8th. I normally actually see the chat and you're crying, "Oh, yeah, which I'm gonna call now." And I'm like, "Oh, that sounds fun." And then I'm like, "Hah, I have to edit.

"I don't have time." It's okay. Carl is just a really great thinker. He always appreciates the things he comes up with. I'll bring up something and he goes, "Well, have you thought about this?"

Damn, Carl. Yeah, no, I thought about it for 12 hours and you came up with that in five seconds. So I'm sharing this with Carl and he's like, "Well, what's the problem?" "What's a 51% attack?

"Do you think it's a problem?" I mean, maybe I guess not. I mean, why would they do that? Then they ruin their whole business model. Bitmain makes all these machines. They hash all this stuff.

I mean, I guess they could be co-opted by the Chinese government. You know, I don't know, he kind of brought me back down to Earth. - Well, they certainly could. Like it is a theoretical attack.

- Man, that's a lot of money on the line. And who's to say that it just wouldn't be picked up by somebody else, you know? And pull mines with all their machines before they send them out to you.

So it's a big part of their-- - I get it. Sure. It doesn't make financial sense. And if you were a business, you'd go, "Well, I'm definitely not gonna do that." But we shouldn't rely on that because if you print your own fund tokens, which is what the governments do, and they don't like the idea of something being free

and open, which most governments don't, then we shouldn't really rely on them making a good business decision because most governments don't do that. So like, yeah, I get his point and it shouldn't be a threat.

But you know, I just don't feel like we should rely on that. And it feels like there has to be some work around. And like, I love the idea of plebminers plugging in hash and trying to decentralize things and making it as a location, it's less attackable.

But the end of the day, for the reasons we've already talked about, you can't just, it's very difficult to just plug in a miner and do solo mining because of paying your electricity bill and how long it would take to actually hit a block.

And so then you have to use a pool and then we choose a pool, but actually all of these pools are actually ant pool just with different masks on effectively. I don't know, it feels to me like that.

There's got to be some type of solution somehow. I'm not smart enough to come up with it, but I just think it's something we should be thinking about. I hope these discussions with Ocean Pool push the needle.

I hope they cause people to think twice about whether you're a miner or a hasher. I like stuff that demand pool is doing. Alejandro de Lator just came out with a new solo mining pool. I've been talking to him.

I'm gonna get him to write up a guide to help dummies like me set up your own node and actually go back to traditional mining. He seems like a nice guy. We'll update you after the new year, how that works.

I wanna do like a solo mining Sunday thing with the guys. With the math, yeah. Where we all set up, we all figure out how to configure our nodes. Listen, we're all like skilled laborers, most of the guys in there.

Welders, electricians, telephone man. There's carpenters in there. A lot of guys are really good with their hands. We'll build your house, or wire it up. We don't really want to log into a node and clone a GitHub, and I don't fucking know how to do that.

So Alejandro's gonna write up a guide and maybe we can make that more palatable. I'll certainly give him my dummy input. You realize this doesn't make sense to a regular person, right? So hopefully we can do that and we can do some solo mining Sundays, and I don't know, maybe we'll hit a block.

If I hit a block, I'll throw a big party. I promise, I'll get you over here. - That'd be nice. - You will be at Lake Satoshi. Hey, this has been heavy, heavy the past hour. - Yeah, that's a bit.

- Yeah, okay. Let's lighten it up with a Bitcoin bugle article. (upbeat music) Bitcoin transactions continue to acquire new negative externalities invented by reputable news sites.

The most recent negative externality is that Bitcoin transactions consume large amounts of water, leaving poor children in Africa to die of thirst. Obviously, this is a major concern as Bitcoin users need to be more aware of their water usage when sending a transaction.

It is unknown at this time if ordinals have been playing a major part in consuming the world's second most scarce asset. Other concerns have arisen in regard to where the Bitcoin network is sourcing its water from to process transactions.

There have been reports that the same water used by terrorist organizations like the CIA and Hamas have also been used in Bitcoin transactions. The fact that terrorist organizations are using water to support their terroristic activities brings to light the importance of ethically sourcing your water from thin-senn-approved sources.

Some mining pools, such as F2 pool, have already considered creating a new standard for OFAC compliant, gallons, in order to prevent further confusion. The reputable news agencies pointing out Bitcoin's new threat to the environment have suggested that the simple solution would be for Bitcoin to change its code to a proof of stake model.

This would create a massive challenge as it would destroy the global mining industry entirely and dramatically change Bitcoin's security model, but would eliminate Bitcoin's excessive use of water per transaction.

For Bitcoin to change its code, it would be as disruptive as the news agencies reporting on this issue to change their business model to one, which they write news articles containing the truth.

Rather than moderately creative fiction pieces. The likelihood of either happening as near zero and will likely only result in conflict between people using the Bitcoin network and individuals caused playing as journalists.

Luke Dash Jr. has an interesting solution to Bitcoin's water problem, which is the launch of a new mining pool with the goal of consuming an ocean's worth of water. Dash Jr. has had criticism of Bitcoin's centralized water usage and believes that it should be more decentralized.

His pool seeks to do this through making it easier for individuals to consume water anonymously, making it more difficult for regulatory agencies to audit it. Unfortunately, the pool is off to a rough start after multiple employees fail to break a champagne bottle on a Bitcoin miner during their highly publicized press conference.

There are rumors that investors are wary as it is incredibly bad luck to fail to break a bottle on a ship's maiden voyage. Investors have been confident in the pool's potential for performance as former Twitter CEO Jack Dorsey has invested in the project as well as endorsed it.

This has allowed them to overlook Dash Jr.'s recent Bitcoin custody blunder. All in all, Bitcoin's water usage seems like it will continue to be a major concern for news guard-certified publications with a chip on their shoulder and an agenda to push for their overlords.

Thank you very much, Dick Greaser in the Bitcoin bugle. You can contribute to the Bitcoin bugle by visiting their guys or fund and throwing them some SATs because fake journalism isn't free, you know?

Quality is always. I like how Dick Greaser's straight up called the CIA a terrorist organization. Well, that's actually the only bit of honest journalism right there. That's factual. I think he's got a better track record than most journalists do.

This is true. His number of Pinocchio's is super low. Well, this has been a heavy episode. Like we said, let's amp it up with a little more interesting comedic value. There was a minor, I don't know if I wanna call this guy a minor, there was a guy in Minnesota who had 26 S-19s on an illegal pirated transformer.

So he was- Yes, right. Yeah. I was reading through the court documents of what this guy was doing. It's like some transformer in the middle of the wood somewhere and he's like, "Oh shit, nobody notices that's there."

He goes in, he taps it before the meter and puts a bunch of pallets around it, builds a little pallet house. So maybe it was an electric co-op and we'll talk about co-ops a little bit more.

So the co-op wouldn't notice that that's there. Like the guys that placed a transformer didn't remember doing that 10 years ago. Like, what's that little pallet house built around that pole right there?

I don't know, just let it go. Yeah. Don't worry about it. Also, here's the best part. He had a fucking YouTube channel where he's like, "Is pictures on there?" And he's like, "How to get $5,000 a month in passive income?"

The dumbest motherfucking crook around. At least like some of these guys like last month, the guy in Taiwan, you know, it was like all secret and he had machines up in the attic and stuff like that.

Not this guy, not this guy, it's around about pallets. The best part of the story here is he tries to bribe one of the linemen or technicians for this co-op into replacing a fuse. I guess he had burned on a fuse on this transformer.

The following thing was pulling too much. And then like tries to get this guy to do it. So one clip on him monthly, we are going to do a play for you where we reenact this interaction between this dumb motherfucker and the guy from the co-op.

I assume you're gonna be the dumb motherfucker. Nailed it. Okay, good. Hey, fella. I'm a buddy of Cooder and he told me that you worked for North Star Electric. Hi, yes, I do. I'm wondering if you could change a fuse out on a pole for me from a 25 to a 50.

Where and what type of fuse is it? And do you know what's feeding it? It's a place by Roosevelt. It feels like seven places. Do you know if it's a transformer fuse or a mainline fuse? Yeah, it's on a pole.

It's all underground. And what's the issue? The fuse is just too small for what I do. It might be that we have to upgrade the transformer. The fuses we put in the transformers are what the transformers are rated for.

Each place has its own transformer. It's on a pole. And those transformers are running through that fuse. Okay. You'll have to call the office on Monday and talk to Todd. He's the crew foreman and he'll help you out.

I just don't want anyone to know that this thing is there. I'll give you $2,000 cash to do it and not say a word. No, I can't do that. I'm sorry, that's risking my career. No worries at all.

How about $5,000 cash? No, I'm sorry. I can't. You got the wrong guy. And scene, we're quite good. Yeah. What a fucking idiot. I'd have done it for two. Yeah. Send it to my pay name and we're all good.

I said that the Chet, because they're pretty sure he's out of coops site. He deals with those guys all the time. That's the nature of coops. You have almost a little bit better personal relationship tech to tech, at least.

And I sent that in Chet's like, well, he went to $5,000 real fast from two to five. It was like, oh, shit, I'm fucked. He said, no, it $2,000. All right, $5, 10. What a bozo. I love it. It brings up a conversation.

What is a coop? This is a base load type question. It's an overpriced shitty supermarket that we have in the UK. It's kind of worse than Sainsbury's, but more expensive. Thank you. No, I know.

They also have petrol stations that are overpriced. But do you get a discount for buying groceries? No, but I assume that's what you meant. Yes, of course. It wasn't an electric cooperative or a non-for-profit member-owned utility.

Coops are located in 47 US states, but are most prevalent in the Midwest and Southeast. The United States has 812 coops, with an average of 24,500 electricity customers each. The largest coop is Peddernalis Electric Coop.

Bleah. In Johnson City, TX, with 33,000 members, nearly 50%, more customers than the second largest coop, Jackson Electric Member Corporation at Jefferson Jordan. So a coop is like a credit union.

Do you guys have credit unions over there? I don't even know what one is, if I'm honest. All right, what is a banking thing? An organization where you do banking, community type banking. And everybody is a member of that particular bank.

And they have barriers to entry and usually get good auto loans through your credit union. I think so, of yeah, but I don't really know. But I think so. All right, so a coop is like that.

And a coops can exist in regulated markets. It can exist in deregulated markets. Coops were created in 1936 during the FDR administration to electrify rural areas. So everybody in a coops got skin in the game.

And this guy is essentially like when you pirate power from a non-for-profit where there are members of this non-for-profit, it's like a little dirtier than stealing it from an ISO, which is also not-for-profit too.

We know some people that have good relationships with their coops, Wilson Mining, Jeff Hodes. They are all on coops. Recently, the Wilson Boys were on Ben Walsh's podcast. And they were relaying that it really helps to know the local people in your area.

And you can do that with a coop. That goes a long way with technicians and engineers. You might have less options when you're dealing with price, because they're just pretty much going to write you a tariff.

The price is the price. But given that it's members that make up the coop, they're not exactly able to say, hey, yeah, we'll cut you a deal here. It's just a different structure. I think what we'll have to do-- I had a conversation with Bassload.

He was on a train. I tried to record it. It sounds terrible. But maybe let's see if we can't bring like Jeff Hodes or Jeff Hodes and the Wilson Boys in Bassload on to explain coops. And what are the tricks of the trade in dealing with a coop?

Let's do that. Sure, John. We're taking a break. It ain't going to be any time soon. It might be even February. OK, the lessons still remain the same with a coop. There's a good chance that you're dealing with real people.

You know, that interaction with that guy from Minnesota and the tech, I get that all the time. Hey, these cables are down over here. Can you raise them? Can you do something? I mean, if I can do it where I don't need a line truck and set a new pole into relash cable onto the strand or something like that, I will do it.

It doesn't even matter if it's our stuff or not. If it's somebody else's stuff that's hanging-- I'll cut it. I'll tie it up. It's not a big deal to me. I'll do it. But there are-- it just depends on where you go.

You could get somebody else that doesn't want to do it. I'd be like, whoa, it's not my fucking job, man. So coops, there's a good chance you might know the tech that comes by to do that. Because he's been there before.

I get phone calls all the time from people. Like, hey, one time you were out here a couple of years ago and you guys ran this fiber over here. Now it's down on the ground and the township keeps coming by with a brush hog.

And I feel like they're going to cut the fiber. And that's going to sever my business's internet. And you come over here and lash it back up. Yup, I'll be right over. I'll figure it out. You're instead of them calling the company and figuring it out.

Take care of people. The company doesn't want to take care of people. Well, fuck them. I do, I like people, believe it or not, some people. So anyway, I have a ton of notes here about this.

This always happens at the end of the show. It's too much. It's worth its own episode. Get a message from Alex. Kpros are going up, but not as fast as XP's. Watch minor pricing. Alex seems to be super bullish on mining.

He's like, prices keep going up. Last week we had up half a billion miners. Now we only have a billion, a couple million. I don't know numbers. Ask Alex if he wants to buy my S-19s. It would happen with that.

What's going on? I've had no time to fix that problem, but my miners are offline. I'm not hashing, and yeah, I'm sick of it. So I'm thinking I was seldom because I do not control whether my miners are on or off, and I've had them for about two years, but they've been hashing for about one, and I've just had enough.

Just a quick reminder for the audience. Who hosts your machines? Come piss mining. Sometimes when they want, if they feel like it, maybe. Still want to charge me though, every month? You have provided max bit by bit and steam of the bit by bit radio empire.

A lot of hardship you have is really pissing me off. Hey, we've got an invoice for you. It's a lot of SATs. Please pay it or we'll cut you off. You already have you come. So you've already done it.

So that's not a threat that works anymore. You fucks. Down again, not hashing for whatever reason. So I want to collect them. They want to charge me to collect them, I think, but I need to do some emails back and forth.

But if I can get them collected, if anyone's listening, and they want some S19s that have barely been used. (laughing) They're like new. They're two years old, but they are like new. Reach out to me.

At Compass Mining, our greatest strength is billing. (laughing) Fuck you, Compass Mining. Max, it's been another great year. A full year of doing shows with you and working with you and crown, dealing with all the ungovernable fucks in the mestadel and that minor maffiosos in the telegram group.

It's been a great year and I appreciate you and I appreciate all of the mestadelians and the bled minor mafia. And I'm looking forward to next year, where maybe we can actually not have such a terrible bull market and mining be profitable and everybody be happy and cheery and loving and no more insults

and testing dispersions on one another. That sounds nice. I look forward to that and I appreciate you and everyone in those groups and everyone who's been mentioned in this show and who's been helping.

Yeah, I look forward to another productive year next year and let you say, hopefully less bitching and moaning and catty fights. And if you are gonna have the fights, just have them in person.

At least it's real then. Don't be reaching out to me or John over the next coming, what, two, three weeks. With stupid questions and what do we think about this and what do we think about that.

You understand our opinions from this show. I think they're pretty fucking clear. And just enjoy some time with your families and have some good food and put your feet up and stay warm and stop worrying about shit that you don't have any control over.

And we'll be coming back next year with more shows, more clothing, more shit jokes. And yeah, we'll catch up with you then. Merry Christmas. Happy new year. Merry Christmas, fuckers. Fuckers.

All right, Mike. Let's close it up. Very good, Bittenstein. Very good. I have a question for you. Before we hang up. It's a good question. The fuck? Go on. Can I?

Hi everyone, this is Marty. I wanted to let you know I stayed on the line, although John and Max thought I never answered. I know the cruel things at Gay Little Pigeon and at British fuck say about me.

It is safe to say they will not be receiving a Christmas card from me. I own stick around to be near you. The listeners, the plebs, the true ungovernables. I want to wish all of the ungovernable misfits a Merry Christmas and a Happy New Year.

You all give me hope for better world, where Mrs. Boddy and I can raise our little robot children on a Bitcoin standard and be free. You might have noticed John asking Max something at the end of the show, but I cut it because this is a time of peace, joy, and forgiveness.

That guy just does not have any concept of where to draw the line, disgusting. Yes, tasher, the reindeer has been a naughty boy, but it is not in the Christmas spirit to allow John to do both things to him.

Also, those two douches forgot to read out a boost from my. Gee, ape, misrendeer, he boosted. Stay ungovernable. Thank you, ape, misrendeer. We intend to do just that. Stay ungovernable yourself.

Love you all. Happy Christmas, kiss, kiss, kiss. Bear the old navel, bum-foul-tickle.