Paul is disingenuous. He's so angry the rest of us don't believe his proposal carries "zero risk".

Drivetrains are a convoluted mechanistic circus with delusional optimism. No one wants "Monero on Bitcoin" and no one thinks it's riskless to allow miners to determine which drivechains get to succeed.

Love your show dude! So glad you're here! You have a great quirky show, ask good questions, let people talk a lot, and keep it at a level us plebs can understand.

Honestly I listen to most of the more technical podcasts too, but yours and Bitcoin Audible I think are the two best for trying to help normies and maxis understand what the hell is going on in Bitcoin dev space, and why it's important.

It is not possible to own land or a house. The government you live under is the final "decider" of who controls that property at any given time. They can take it away from you, by force, for any reason. There might not be a law that allows them to now, but there may be in 10 years.

And if you didn't have the government to protect your virtual and temporary ownership of the property, you would have to defend it yourself. Which, while many may fantasize or even act to prepare for this, it is a very stressful way to live.

Bitcoin you can own. Knowledge and skills you can own. Relationships you can "own". But not property, not really.

It will be a long time before any individual pension funds etc has significant MSTR exposure-- probably never. What board is going to put even 5% into what is known to be a high-risk Bitcoin proxy?

You keep talking about non-custodial and self-custody but what you have non-custodially is not Bitcoin.

The fact that you need an essay to explain all of this is telling-- It's too complicated.

I really get where you're coming from, and I have nothing against Liquid per se-- it's a decent way to get some privacy. But teaching someone Liquid before teaching them Bitcoin is very much putting the cart before the horse.

I know you want to give them some sats but Bitcoin is complex enough already. Even if it takes 10 minutes and a dollar to settle, I would much rather send on-chain to a noob. They need to understand the foundations before learning about side chains or even lightning.

Come on dude, they're not morons. I don't use liquid myself but what happened to "everything is good for Bitcoin?"

Only 17969 to go

Biden doesn't get on TV every day and brag about his tariffs.

Trump drives the narratives. That's how he wins.

That's interesting. I thought Goa was full of white tourists and expats, which would drive UP the prices on non-essentials...

Some of these companies accept Bitcoin. If you get a discount and spend Bitcoin for something you need, that's a win. You don't have to save every goddamn sat. Bitcoin is money; if money isn't for spending then it isn't money.

Even if you spend in fiat on something you need, the discount can be applied to buying sats.

Where people lose is by buying things they don't need. That applies ALL YEAR LONG.

LOVE this movie!

Are you a bitcoiner?

Besides what's already mentioned, one of the most difficult but consequential things parents must do is moderate their children's friend groups, especially in adolescence. It's a very quick path to drug and alcohol addiction, and it only takes one friend in the group to set everyone up for horrific outcomes. If you can raise a child to be strong and independent, that can go a long way, but peer pressure is basically the whole driving force of adolescence.

Whatever you do, don't repress. EDUCATE your kids about drugs and sex. EARLY. They should know EVERYTHING there is to know BEFORE their friends start making shit up or pressuring them to try something.

GOP Platform: Crypto

"Republicans will end Democrats' unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control."

THE LAST PART IS THE MOST IMPORTANT, AND TRUMP DIDN'T SAY IT. "TRANSACT FREE FROM GOVERNMENT SURVEILLANCE AND CONTROL."

I'd say freeing Ross is the simplest and most moral action.

I don't care about Gensler, but I think he'll leave.

I do think he'll prevent a CBDC, or it'll just be delayed 4+ years for other reasons.

Most of these I just don't care, and Bitcoin doesn't either.

Mining and stockpiling need to be done by all countries, otherwise the countries that don't do it will just ban, regulate, and tax it.

Oh and the United States already is the crypto capital of the planet.

This feature has been a promised benefit of vaults. I'm not finding any details here about how it's accomplished.

Jesus everybody today has "an" answer for why "all Trump voters" voted for him. Most people are not trying to overthrow the institutions. Each person is unique and has their own issues they care about. Stereotyping Trump voters is the MO of the left, and probably a large reason they are so unlikeable.

Despite there being myriad reasons to vote for Trump, the main reason is probably the old boring one: the economy. Jobs and inflation.

We're heading in the direction of "Bitcoin banks". Keeping full-reserves is probably a limited-time promise.

We've already got Coinbase (more groans, but it's got a history and is the most compliant institution). Strike is also getting in on the action soon, besides just being an exchange and custodian.

Many have transitioned to 401k, but yeah it could get tight if pensions don't have inflation adjustments and people live a long time.

Wow great write up. Just excellent. That's basically how I've been trying to conceptualize it, without being able to really flesh it out.

Great piece.

One entity you may have missed who may benefit from having a censorship-resistant, borderless hard money: Russia.

I would accuse Mr Trump of having an arrangement with Putin on this, but if Trump were truly educated in the matter, he would be accumulating Bitcoin himself.