McIntosh:00:00:01 Welcome back to Satoshi’s Plebs for episode two forty six. I’m McIntosh. I am Kenshin.

Kenshin:00:00:06 And today, we’re talking about how to bid during the bear market.

McIntosh:00:00:20 Hey, Kenshin. It has been a while Hello. Since we’ve talked. Yeah.

00:00:25 How are you? Fill me in. What’s what I well, we’ll get we’ll get to that. Let’s talk about you first.

Kenshin:00:00:31 Well, it’s How how are things going over there in It’s Europe? Been a busy few weeks.

00:00:40 I don’t know if I told you, but I I went live with my

00:00:44 website with my wife.

McIntosh:00:00:46 And that I think yes. Well, I knew that. Right. I think we actually said that on the air. So but, yes, you’re definitely live. Yeah.

Kenshin:00:00:56 And

00:00:57 so it’s been a very

00:00:59 busy two weeks.

00:01:01 Still building

00:01:04 stuff on it and and launching stuff

00:01:08 in the in the app and

00:01:11 onboarding

00:01:12 potential customers.

00:01:14 So it’s it’s very exciting.

00:01:16 We’re

00:01:18 yeah. I don’t the problem is if I if I say the name, the domain is very easy to find. Yeah. All all the details about me. But

00:01:26 I know. But it’s it’s very I’m sorry. No. No. It’s okay. Because I want to say more details. I’m I’m really excited about it. Yeah.

00:01:35 But yeah. I mean, we’re I’m excited for you. I really am. I mean that. Yeah. I mean, so far, we are not making any money yet, so we don’t have any paying customers. But we have, yeah, potential customers

00:01:48 that are Right. Have registered for free for now.

00:01:52 So Mhmm.

00:01:53 It’s moving. It’s moving in the right direction.

00:01:56 And we even got our first phone call today

00:02:00 by curious

00:02:02 potential customers. I go, who are you? How does it work? You know? They were very curious.

00:02:08 So we we we start to get some positive attention.

00:02:11 Thankfully,

00:02:12 positive. Yeah. For now.

00:02:14 Very cool. So yeah. Very cool. Yeah. So it’s been good.

00:02:19 The

00:02:20 also the winter is

00:02:22 gone, I would say. We had the plus degrees and the snow has melted away.

McIntosh:00:02:27 I’m very happy about that. It is March. Yeah. I bet you’ll have another snow before it’s over. Yeah. It happens. Yeah. It does. Mhmm.

Kenshin:00:02:35 But,

00:02:37 yeah. Otherwise, I had some family here,

00:02:39 and so that’s been exciting.

00:02:42 So, yeah, it’s been really, really busy

00:02:45 the past couple of weeks,

00:02:47 but very good vibes.

McIntosh:00:02:50 Very cool. Very awesome. Yeah. I’m glad your family got to visit. You, you told me about that. That’s really cool

00:02:57 That they they took the time to show you that they love you. Yeah.

00:03:02 Awesome. Alright. Well, I know you’ve been sick a little bit too.

00:03:07 I unfortunately

00:03:08 so we didn’t record last week as you know.

00:03:11 And, it was because I was sick as a dog.

00:03:16 Man, it’s been nasty. I was telling you,

00:03:19 I it it really is just a cold,

00:03:22 but it’s also like this respiratory

00:03:24 thing. And, like,

00:03:26 I cough so hard,

00:03:28 like, Tuesday of last week, Tuesday, Wednesday, like, it’s strained

00:03:33 all the muscles in the right hand side at my ribs that are on the right. And so, like,

00:03:40 moving

00:03:41 hurts.

00:03:42 Like, sitting up, anything. Like, it just it hurts.

00:03:46 I went to the doctor on Thursday or Friday, and they put me on antibiotics, which I thankfully just finished.

00:03:53 I hate antibiotics.

00:03:54 They mess with my stomach.

00:03:56 And,

00:03:57 you know, some stronger cough medicine. I feel better.

00:04:01 My side is still hurting, but now that I’m off the antibiotics,

00:04:04 I can start taking

00:04:06 some ibuprofen

00:04:08 on a more regular basis and try and,

00:04:11 you know, loosen this stuff up. It’s just the muscles are all tight and

00:04:16 I don’t know.

00:04:18 It’s crazy.

00:04:20 But enough about that. I

00:04:24 man,

00:04:25 Kenshin, I’ve been so far down the AI rabbit hole. It is unbelievable.

00:04:30 How

00:04:33 can I even describe this? I do my job. Yeah. I jump up

00:04:39 and run straight back to my desk, the same desk that we record at, and I start working on my AI. Exciting

00:04:46 times, yeah. I’m doing a couple of things. I’ve got three different projects going on right now.

00:04:51 Actually, four.

00:04:53 My

00:04:54 bot code base is now,

00:04:5870,000

00:04:59 lines of code.

00:05:01 Okay?

00:05:01 I’ve been able to demonstrate

00:05:04 some fundamental, like,

00:05:06 communicating with the bot. Okay? Some things like that.

00:05:10 I have

00:05:11 put that on hold a little bit

00:05:14 because I got to the point where I had so many questions.

00:05:17 Like,

00:05:19 how do I do this? How do I do that? Or, you know, what are some

00:05:23 good ways to do that? I decided to actually go look at the competition.

00:05:28 K? There are other bots out there. OpenClaw was certainly the most widely known.

00:05:33 So I set up a VPS.

00:05:35 I did an install

00:05:37 of Ubuntu,

00:05:39 and I’m building some OpenClaw

00:05:41 bots on it. Okay?

00:05:44 I’ve made a lot of progress now because I’m me, I’m an automation engineer,

00:05:49 I had to automate the build of the stupid server because that’s just what I do.

00:05:54 So it’s all in Terraform. It’s all, you know, it’s reproducible.

Kenshin:00:05:59 Okay.

McIntosh:00:05:59 I may document all this and actually release it. I’m really thinking about doing that.

00:06:04 I believe

00:06:05 by the end of the day, I will actually have bots up and running and I have

00:06:10 five of them. I I wanna I wanna introduce you my bots. Is that okay?

00:06:16 Got them named. Oh, okay. That’s exciting. Yes. No, sound very important. Names are important, man. You gotta name your bot right because it gives it helps color your personality.

00:06:27 So

00:06:28 with bots,

00:06:29 there’s some some things to keep in mind. You don’t wanna give a a single bot too many things to do because they’ll

00:06:37 it messes up their context window

00:06:40 and they’ll

00:06:41 they’ll get confused.

00:06:43 Okay?

00:06:44 You don’t wanna be like, hey, I need you to to research

00:06:48 all this stuff and then I want you to write this program based on that and then I want you to build a website and I want you right?

00:06:55 You you break it down.

00:06:57 Okay? So number one,

00:06:59 the boss in charge, the bot in charge

00:07:02 is BOB.

00:07:03 B o b. Oh, no. And BOB stands for bucket of bits. Okay?

00:07:09 Not bucket of bolts, but bucket of bits.

00:07:13 Number two,

00:07:15 Jennifer. Jennifer is the researcher.

00:07:19 Okay?

00:07:20 So she’s gonna go out and find the information and synthesize things, put it.

00:07:25 I have a friend, she’s never gonna listen to this podcast.

00:07:29 It’s named after her. She is a librarian.

00:07:32 Yeah. I mean it with all respect. Right. I’m serious. That’s cruel. I’m not making fun of her. But it was the first thing that came to mind when I started thinking about this. Alright. Number three.

00:07:44 You’re gonna love this.

00:07:47 Steve. Steve is my coder.

00:07:49 Okay? He’s the developer. Okay. So he’s the guy when I want something done in code, he will go and do it.

00:07:57 So his full name is Steve Wozniak. Do you know who that is? Apple. Yeah. Okay. Thank you very much.

Kenshin:00:08:03 Great. That’s amazing.

McIntosh:00:08:06 Steve Wozniak, for those of you who don’t know, co founded Apple Computers. In my opinion,

00:08:12 Apple Computers could have gotten along without Steve Jobs. I know that’s heresy,

00:08:17 but without Steve Wozniak, there would be no Apple Computers. Yeah. I think that’s He is one of the most genius engineers on the face of the earth. I wished I had one tenth of his talent and I would love to interview him.

00:08:30 But regardless,

00:08:31 Steve is our programmer.

00:08:34 And finally,

00:08:36 we have our business person. So this is the the bot,

00:08:40 and and this may grow to multiple bots. We can always add bots. No. There’s two more. Sorry.

00:08:45 But this bot is my business bot. So he’s gonna be the one who runs down new business ideas for me because

00:08:53 bots are expensive and we need some money.

00:08:56 Okay.

00:08:58 His name is number five.

00:09:01 For the those who grew up in the eighties, there was a movie called Short Circuit.

00:09:06 It was a story about a robot that was struck by lightning

00:09:10 and gained sentience.

00:09:12 So generative AI or whatever they call it. Alright.

00:09:16 And his name was number five. Short Circuit, you said Yes.

00:09:21 Short Circuit. You should go watch it. Yeah.

00:09:24 And then finally,

00:09:26 ah yes.

00:09:28 The one that’s most relevant to the listeners of this podcast,

00:09:32 our new show producer.

00:09:35 So his role will be to do things like prepare the notes,

00:09:40 to

00:09:42 transcribe the podcast,

00:09:46 to

00:09:48 make audio clips from it, for example, and post those. He will do all of our media posting.

00:09:54 Right now, we go to Noster and we post like, oh, episode up. Right? That’s something that you typically do.

00:10:01 He’ll do that. When when

00:10:04 when the episode drops,

00:10:06 I maybe even have him check to see when it drops and then just automatically post it. Here’s the next episode, here’s you know. What’s the name? And then

00:10:20 Oh.

00:10:21 He’s the best one.

00:10:23 It’s Stax

00:10:24 Satoshi. So

00:10:28 we’ll call him Stax. Stax. So we’re gonna bring Stax on the show from time to I

00:10:33 think we can pull that off. I’m pretty sure we can. And he will talk to you guys

00:10:38 and give us the lowdown on what goes on in the background of Satoshi’s podcast. That’s Satoshi’s Club’s podcast.

Kenshin:00:10:44 Okay? So,

McIntosh:00:10:46 yeah. So we’ll have him do all the the podcast things, the podcast, I don’t wanna say chores, but task,

00:10:54 and

00:10:55 and hope make this the number one Bitcoin podcast in the universe. What about Jennifer? She can come on and tell the news or something. She will be researching. Right? They literally could all. You know what? Actually, that is a great idea.

00:11:10 Dang, Kenshin. I wished I’d have thought of that. So she can run our news segment. Yeah. Exactly.

00:11:17 Or introduce it maybe. I don’t know. We’ll see. That’s a good idea. And at some point, we gotta get Steve on here.

00:11:25 I I’m

00:11:26 I I think Steve is gonna be a blast. I’m looking forward to working with Steve personally. Have a lot of questions for Steve.

Kenshin:00:11:33 I need to

McIntosh:00:11:35 to understand some of the technical How was it working with Steve Jobs? I

00:11:41 cannot imagine two people who are more different than Steve Wozniak and Steve Jobs. Yeah. And yet they were successful in starting Apple. Yeah. Maybe that’s why. They complemented each other.

00:11:53 They were diametrically I mean, they really they’re complete opposites. Like, it’s crazy.

00:11:59 I I I don’t know. I never understood it.

00:12:03 But yeah.

Kenshin:00:12:05 Alright. I have a question.

McIntosh:00:12:07 So I I also built another app for us, by the way. Alright.

00:12:12 Not

00:12:14 to not to get off on a tangent. What what was your question though? No. About those boats. So all those boats, are are they

Kenshin:00:12:24 do they cost separately or they are all using the Unfortunately, same

McIntosh:00:12:30 they do cost something. What way? So,

00:12:34 basically,

00:12:36 the bot sits there

00:12:38 and you tell it things via

00:12:40 or it has things preprogrammed.

00:12:43 And when it goes to do its task, it’s going to be using an LLM in order to accomplish. Right. But can they all use the same subscription? Mean

00:12:52 Yes. But you’re still using token. So I have it set up with OpenRouter.

00:12:57 Right. Okay? Which lets you change your model. And

00:13:02 for now,

00:13:04 I’m gonna try the Kimi 2.5.

Kenshin:00:13:06 Okay. The open source one. Okay. Now,

McIntosh:00:13:10 we should be able to maybe program them to do different

00:13:15 use different models for different tasks. I don’t know. We certainly should be able to do that, and that may make sense. It seems that Kimi is relatively inexpensive,

00:13:26 but I am definitely gonna be monitoring

00:13:28 my cost

00:13:30 because I I can’t pay hundreds of dollars for this stuff. Oh, so you you I am doing serious experimentation

00:13:36 but I just I cannot pay.

00:13:39 So you ought to hear some of these people. So

Kenshin:00:13:43 The amount of money that they’re spending on this stuff is just insane. I

00:13:48 wouldn’t pay by API

00:13:51 tokens.

McIntosh:00:13:52 But that’s what I’m doing. Does it? You don’t have a choice. You do. That’s technically not true. Yeah. You do. That is not you’re correct.

00:14:00 But with five or six bots like this,

00:14:03 I don’t wanna be dealing with authenticating

00:14:06 all those bots.

00:14:08 I may play with that.

00:14:10 For now, I’m willing to experiment with with Kimi and see how that works and what that costs. Alright. Because

00:14:17 in OpenClaw Steve’s

00:14:19 first job, he

00:14:21 will need to build me

00:14:23 a control center type dashboard type thing. So I can see in real time what all the bots are doing. Mhmm.

00:14:31 And the token rate, like Cool. The estimated, you know, cost. Yeah. That’s cool.

Kenshin:00:14:37 Yeah. Right. Yeah. Because in the OpenCLO that I set up, I I connected it to my ChatGPT business account.

McIntosh:00:14:47 Right. So You can there so there’s you can do that with OAuth essentially.

00:14:52 Exactly.

00:14:53 Right. I just don’t know that it would work for all five of them.

00:14:57 Yeah. I’ll probably take the heaviest use one, whichever one that turns out to be,

Kenshin:00:15:02 and use that Yeah. For the Because I tried the API route with with OpenRouter,

00:15:07 actually. I tried that. I put like $10

00:15:10 and I went through those $10 in in half a day or something.

McIntosh:00:15:15 Oh, don’t tell me that. Yeah. So I Alright. Well, we’ll just have to see.

00:15:21 So,

00:15:22 I did tell you I I coded up another project.

00:15:26 I’ve never written a graphical tool before ever. Okay.

00:15:30 But I had this idea.

00:15:33 I do wanna improve our news

00:15:36 segment of this show.

00:15:38 And basically, that means grabbing a bunch of data from a bunch of different sources, pulling it together, synthesizing it, and then, you know, here’s the news

00:15:48 for the week.

00:15:51 Most sites, many sites have RSS feeds if they’re like a news type site. Right. RSS

00:15:58 is just a XML based

00:16:00 protocol

00:16:02 used for blogs, for example. They made it very popular.

00:16:07 I built

00:16:08 a tool, a graphical tool that you can add URLs

00:16:12 to,

00:16:14 and it goes and checks. If you don’t give it the actual RSS feed, it will look for one

00:16:19 and then it adds it to the list.

00:16:22 It brings in the articles

00:16:24 and then you mark them read, unread, whatever. No. A classic RSS And it works. RSS reader.

00:16:31 Yeah. Something like that. But my idea was I built that and it simultaneously

00:16:36 built

00:16:38 a command line tool. Mhmm.

00:16:40 Because

00:16:41 Jennifer will use that tool to bring in the news feeds

00:16:47 and

00:16:50 create that news report for us. You see what I’m saying? So not only did I want it for us, I don’t know if you want it or not, but for you and me or whatever,

00:16:59 but also for them, for the bot. Right. Yeah. That’s really cool. And

00:17:05 it’s up and running. I mean, it is buggy at this point. I need to work on it some more. It keeps crashing.

00:17:11 But, like, I literally have

00:17:13 I’ve pulled in three different feeds. I’ve gone through Mark’s stuff. I mean, everything seems to be working.

Kenshin:00:17:19 Wow.

McIntosh:00:17:20 Yeah. That’s amazing. And and the amazing part is Took me an hour and a half, by the way. Took me an hour and a half. Crazy.

Kenshin:00:17:27 Yeah. Yeah. That that’s that’s the amazing part I want to comment on is any idea you have now, you just do it.

McIntosh:00:17:34 Yeah. Just just which for me Yeah. I mean Yeah. You cannot stop doing

Kenshin:00:17:40 implement ideas.

McIntosh:00:17:44 Yeah. Yeah. Yeah. Alright.

00:17:46 But I have some very definite ideas.

00:17:49 Alright. But we don’t wanna turn this into the AI

00:17:52 show. I do wanna actually say one other thing, though, just to emphasize one of the things that I’m working on. I’m thinking about something. And if anybody has thoughts on this, maybe give their feedback,

00:18:04 with a boost maybe

00:18:06 or a message on Noster.

00:18:11 I believe,

00:18:12 as I explained a couple weeks ago,

00:18:14 Bitcoin is gonna end up being the predominant form of payment between bots. It’s just it makes way too much sense.

00:18:21 Okay? Yeah. The question is,

00:18:23 let’s say Jennifer needs to do some research.

00:18:26 Okay?

00:18:28 And she knows that there’s this report

00:18:31 over here that was generated by this other bot.

00:18:35 It doesn’t matter how the how they found each other. Let’s just say that they did for the sake of this argument.

00:18:41 Jennifer wants this report. This report is a 100 Satoshis.

00:18:46 How do we have a guarantee if Jennifer sends out a 100 Satoshis

00:18:50 that she’s gonna get the report? There needs to be a contract of some type in place. Right. Yep.

00:18:57 I’m I’m wide open for suggestions

00:19:00 because I think that is something that we will have to solve in this space in order to to really make that work. Otherwise, you’re just

00:19:09 trusting,

00:19:10 which is never a good idea. Don’t trust. Okay? Especially

00:19:14 when you’re dealing with AI bots.

00:19:16 There’s

00:19:18 been numerous cases where that was not a good idea. What what was that story? Someone said it that

Kenshin:00:19:25 someone had given their bot, access to money or Bitcoin or something, And then someone online

00:19:32 begged the bot

00:19:34 to give it some money,

00:19:36 and the bot just gave him the money to the random person. Yeah.

McIntosh:00:19:41 That’s happened a lot.

00:19:44 The we will figure this out.

00:19:50 These are solvable problems.

00:19:52 We can build contracts,

00:19:54 at least simple contracts

00:19:56 in Bitcoin,

00:19:57 I believe. I’m I’m almost certain that that is possible with just the scripting languages that are available.

00:20:03 Yeah. But don’t don’t you have And it doesn’t need to be very much. I mean, it it just

00:20:09 I I want this for a 100. You’ve got that. Let’s make the exchange and then make sure that the exchange

00:20:16 another way you could do it is

00:20:19 well, I don’t want so I have another idea for a website. I don’t wanna give that one away. Sorry. But but, I mean,

Kenshin:00:20:25 Bitcoin very early on had those escrow contracts or whatever they’re called. Yes. And, I mean, the whole Right.

00:20:32 The the early markets and and the

00:20:36 silicon

00:20:37 what is it called? What did it sil Silk Road. Yeah. Silk Road. Mhmm. Weren’t those based like that? So, I mean, we have the technology from

McIntosh:00:20:45 a long We we have to implement things like that

00:20:49 in standard tooling for these bots in order for them to be able to

00:20:57 securely and confidently interact in these financial transactions.

00:21:01 Because man, Bitcoin is gold. I don’t wanna be just giving it away to some stupid bot to trick me.

00:21:10 Sorry,

00:21:11 Please don’t transcribe that part.

00:21:18 Alright. We need to move on.

00:21:21 Right. Hey. You pick the song this week. We’re not skipping straight to the song. Alright. But I gotta tell you,

00:21:27 that song

00:21:29 is

00:21:30 perfect.

00:21:31 Congratulations.

00:21:32 You, sir, knocked it out of the park. I will warn you, as far as I can tell, it’s probably AI

00:21:38 generated,

00:21:39 which means it probably is.

00:21:40 But It’s fun. It’s a really good song.

Kenshin:00:21:45 It’s fun. And and I I can,

00:21:48 yeah, take that my first song pick because as you know, I never listen to music. I know nothing about songs. So

00:21:55 I’ll take that this week.

McIntosh:00:21:58 Okay. Before

00:22:00 we actually do get into

00:22:03 let’s see. Do we have

00:22:06 no. We’re good. Let’s let’s dive right on in to

00:22:10 the topic.

00:22:14 The topic is how long can I go without coughing? Right. I mean, what’s going what’s going on with Bitcoin

Kenshin:00:22:21 lately?

00:22:22 Well,

McIntosh:00:22:25 I would argue

00:22:27 so

00:22:29 we know that Bitcoin’s a volatile asset. We know that

00:22:33 and to me, and I believe that Michael Saylor probably says this

00:22:39 maybe better than I do, but he

00:22:41 it’s because the market doesn’t understand its value. It doesn’t know its value.

00:22:47 So

00:22:49 you

00:22:50 it gets sold

00:22:52 when the market gets shaky.

00:22:59 We see this kind of up and down and and whatever.

00:23:03 It’s volatile simply because people don’t understand what they’re holding.

00:23:08 You’re holding the best asset in the world. Why would you let it go?

00:23:13 Okay?

00:23:17 There’s so much chaos going on in the world, just the markets in general are in so much turmoil. We haven’t even talked about Japan lately.

00:23:26 Japan is continuing

00:23:28 to experience problems. The United States is continuing to print money.

00:23:33 The EU

00:23:35 is continuing to, you know, clamp down on privacy.

00:23:39 There’s

00:23:40 just so much going on simultaneously.

00:23:44 Now we’ve got another war.

00:23:47 I mean, let’s just call it what it is. Right?

00:23:50 There’s

00:23:51 and, actually, ironically,

00:23:53 I will say this, since things heated up this weekend,

00:23:58 The US market has gone down and Bitcoin went up.

00:24:03 I don’t wanna read too much into that, but

00:24:09 I’ve saw some recent analysis that basically showed that

00:24:13 Bitcoin is being traded

00:24:16 like a tech stock.

00:24:17 It almost perfectly have we talked about this?

Kenshin:00:24:20 It almost perfectly tracks tech stocks. Yeah. It feels like that, actually. I don’t know if we talked about it, but, yeah, it has felt like that for the past year, for sure. But it’s not It’s not. That’s

McIntosh:00:24:33 that’s not going to be the long term case. At least that’s my thesis.

00:24:38 The world will figure out what Bitcoin is. And when that happens,

00:24:43 as it happens,

00:24:45 Bitcoin will stop acting like that. And it will be

00:24:50 it will show its true value.

Kenshin:00:24:53 Yeah. I agree.

00:24:55 Yeah. And for me, that’s it’s been a bit a bit annoying for the past year and a half because it’s been acting like that. Because as you say,

00:25:04 p people have been trading it as a tech as a tech stock

00:25:08 since the,

00:25:10 yeah, the Wall Street

00:25:12 basically adopted it and started.

McIntosh:00:25:15 I have a suspicion that it was acting like that even before,

00:25:20 but I do believe that when

00:25:22 BlackRock got involved I mean, there were a number of corporations before them, but they were kind of the guerrilla.

00:25:29 When they got involved,

00:25:31 it just turned it into a tech stock.

00:25:34 But I also don’t think it will stay that way. No. It cannot.

Kenshin:00:25:38 Because it’s it’s controlled by no one,

00:25:43 has a supply cap, and, yeah, it’s hard money essentially. So yeah.

00:25:48 Yeah. In that way, we’ve been through that.

McIntosh:00:25:51 Yeah.

00:25:52 I would add to that

00:25:55 one accelerant

00:25:57 to it not being a tech stock,

00:26:01 or at least acting like one of the very high performing tech stocks, I e,

00:26:07 OpenAI

00:26:08 or

00:26:09 Anthropic,

00:26:10 I don’t know if they’re public, private, I don’t have any idea,

00:26:14 or Facebook or, you know, one one of these other

00:26:17 really high performing stocks.

00:26:20 If we

00:26:21 start seeing massive amounts

00:26:24 of

00:26:25 AI agents using Bitcoin

00:26:28 to conduct business

00:26:32 Yeah. That’s gonna be a big boost. Yeah. Everybody’s gonna be like, oh yeah.

00:26:37 Oh wait. There’s only 21,000,000 of those? Oh,

00:26:41 right?

00:26:42 Yeah.

Kenshin:00:26:43 Yeah. And we see now also with OpenCLO how successful it’s been and it’s an open source project

00:26:50 made by one person. Right?

00:26:53 So Right. Yeah. Bitcoin is the same, and the best technologies,

00:26:58 yeah, tend to to have these patterns.

00:27:02 So

McIntosh:00:27:03 yeah. So I got I mean, I have a question for the listeners. Right? We’ll just go ahead and make this the question of the week, I guess. How are you guys feeling out there?

00:27:14 Is this your first

00:27:17 bear market?

00:27:20 Do do we need to do a a health check?

00:27:23 Are we doing okay? Right. Right?

00:27:26 I I’m trying to think.

00:27:29 It’s 2025,

00:27:30 so 2021

Kenshin:00:27:32 It’s ‘26. 2017.

McIntosh:00:27:35 Okay. 2020 numbers.

00:27:37 Right.

00:27:392026,

00:27:40'20 but no. What I’m thinking is the peaks of the cycles. Okay.

00:27:45 So 2025,

00:27:472021,

00:27:482017

00:27:49 I wanna say. End of it. So

00:27:522013

00:27:52 even though I had bought Bitcoin,

00:27:54 it was I didn’t understand. I didn’t know what was going on. I had no idea. I didn’t have the access

00:27:59 to the right information,

00:28:01 really.

00:28:03 But this is now my third bear market.

00:28:07 And

00:28:08 it’s good. So the first two,

00:28:10 I was like sweating bullets.

00:28:12 Okay? You know what that expression, have you ever heard that? Yeah.

00:28:17 Stressed out. Yeah.

00:28:20 This one,

00:28:21 I’m like, oh, there’s a there’s a bear market going on. Okay. I got things to do. Alright. You know, there’s

00:28:29 a great saying, bear markets are for building.

Kenshin:00:28:32 Yeah. I I was just about to say that I barely pay attention. I’m like, I I don’t care. It’s sixty, seventy, whatever. I I just need to build now and be ready for the next

00:28:44 bull cycle.

McIntosh:00:28:47 Can I con I I wanna make a little confession?

00:28:49 I love my wife. I’m not making fun of her. I promise.

00:28:54 But she’s a normie

00:28:56 in the sense that, you know, she doesn’t live in the Bitcoin bubble.

00:29:00 Okay?

00:29:01 Let’s be honest.

00:29:02 And she came to me yesterday, and she’s she started talking about, well, Bitcoin’s down.

00:29:08 What about what happens if, say, The United States decides that, you know, it’s gonna punish Bitcoin or whatever?

00:29:16 Right?

00:29:18 I’m like I looked at her and I’m like, you do realize that is literally why we built Bitcoin.

00:29:25 Like, a decentralized

00:29:27 platform

00:29:28 that sole purpose was to get around the government essentially and take control

00:29:35 of money

Kenshin:00:29:36 from the government. I mean, at least that’s one of my views of Bitcoin. And I mean, not Is that a fair statement? And not for lack of trying. They have tried. It’s not not if. They have tried already. They cannot control it. So

McIntosh:00:29:51 what actually brought this up maybe we should talk about the news segment, but we’ll go ahead and talk about it here.

00:29:57 Last week,

00:30:00 you you may know about this. I hope you do.

00:30:03 The Netherlands

00:30:05 Netherlands passed

00:30:06 a bill or a law or whatever

00:30:09 about unrealized

00:30:12 profit.

Kenshin:00:30:13 Have you heard about this? I did. Yeah. It’s crazy news. Unrealized

McIntosh:00:30:18 gay capital gains. It’s like a 30%

Kenshin:00:30:21 tax. But it’s so Does that sound right? It’s so stupid. Yeah. Yeah. Unrealized

00:30:26 capital gains tax.

McIntosh:00:30:28 Yeah. I I don’t remember the percentage. Explain this. Yeah. Explain. Let me explain this. I believe it’s around 30%. While I explain this, can you look that up real quick? I don’t wanna be giving out wrong information.

00:30:40 Here’s how it works.

00:30:42 I’m gonna make this real simple.

00:30:44 I’ve got an asset that’s worth a dollar and it goes up to a $100,000

00:30:48 in the course of a year. If I lived in The Netherlands, they’re gonna tax me

00:30:54 the percent of that. If it’s 30%,

00:30:57 it would be $30,000

00:30:59 even if I don’t sell the asset, and that’s the important. It’s called unrealized

00:31:05 gains.

00:31:06 In other words,

00:31:08 I went from $1 to a 100,000,

00:31:11 that’s gains. We’re taxing that. We want our $30,000.

00:31:15 Well, I don’t have it because I didn’t sell it. We don’t care. You have to pay it. So I either have to come up with that out of my pocket or I have to sell

00:31:24 part of the asset to pay for it.

00:31:27 Now the problem is the next year it could go right back down to zero.

00:31:32 And where am I at? Well, I’m about $30,000.

Kenshin:00:31:35 Yes, sir. Do you want to hear the actual percent? Yes. 36.

McIntosh:00:31:40 And

00:31:43 she’s like, well, what would happen if they did that in The United States?

00:31:46 Because they’re trying this out in California.

00:31:49 The people in California,

00:31:50 I don’t

00:31:52 I okay. I don’t wanna say anything that’s hurtful, so I’ll just I’ll be nice.

00:31:56 But they are trying to pass this in California.

00:32:00 And I I

00:32:01 don’t think it will pass, but if it does,

00:32:05 they’re gonna see an exodus out of California of these multimillionaires

00:32:09 and billionaires like you’ve never seen.

00:32:12 Exactly. Yeah. These people are not stupid.

00:32:15 That’s how they got the money that they got. They’re going to leave rather than be

00:32:24 there’s not words that are good words to say.

00:32:28 Rather than be abused by the government like that.

00:32:32 Well, what happens if the United States government does that because they can’t pay their bills?

00:32:38 It’s a possibility.

00:32:39 And I looked her in the face and I said,

00:32:42 that’s the point that I leave.

00:32:45 I’m not going to pay money to a morally corrupt,

00:32:50 bankrupt

00:32:51 government who’s trying to take everything they can from me that’s honestly earned this money

00:32:59 in order to

00:33:00 throw it away

00:33:02 or whatever stupidity

00:33:03 that they’re gonna throw it away, I will leave

Kenshin:00:33:08 as difficult as that would be. The interesting part here is that

00:33:13 it it’s it’s literally like trying

00:33:16 to avoid

00:33:17 normal people

00:33:19 making any

00:33:21 any

00:33:22 good amount of money investing.

McIntosh:00:33:24 Right.

Kenshin:00:33:25 But they say here, I say that if you’re

00:33:29 if you have a a business and and

00:33:32 you incorporate

00:33:34 your capital gains Mhmm. Then you avoid those taxes. Mhmm.

00:33:37 So the businessmen and the rich people who have businesses like that and know how to use the system

00:33:44 That’s interesting. They are I did not even know that. They they will avoid this whole thing.

00:33:49 So it’s literally gonna punish only the normal people like us who

00:33:54 Right. Just want to invest in this Isn’t that the way it always is? Invest in a stock and then you’re in trouble.

00:34:01 The stock goes up in a year and then you you owe money that you don’t even have in your position. It’s crazy.

McIntosh:00:34:07 So good luck Netherlands.

00:34:09 Yeah. Now that doesn’t go into effect until like 2028

00:34:13 or 2027.

00:34:14 You may have it right there.

00:34:16 But

00:34:19 I don’t think that’s gonna help their economy. In fact, I think it will be the exact reverse of it.

00:34:24 Yeah. This is like in gang Keynesianism

00:34:28 as far as I can tell.

00:34:30 And

00:34:32 I don’t I don’t wanna have any part of that. No. I mean, it

Kenshin:00:34:35 it I’m sorry. To to end this, it feels like in Europe, they do all those experiments.

00:34:41 Because as you say, probably in US, it wouldn’t happen. Not

McIntosh:00:34:45 if it would start Well, they’re trying it in California.

00:34:48 They are. Yeah. Sure. But I mean That is actually the, like, fifth largest economy in the world if you just take California.

00:34:55 It’s crazy how big California is.

Kenshin:00:34:58 Yeah. But it does it does feels like those things to, like, ban encryption in Europe.

00:35:03 Those things with capital gains. It just feels like experimentation.

00:35:08 They tried to do whatever they can and then they say, okay. They we don’t do it then. But they keep trying those things here in Europe. It’s very annoying. Well, because eventually they will succeed.

McIntosh:00:35:20 I mean, that’s the reality. Now it may be ten or twenty years Yeah. Or more,

00:35:25 but eventually they’ll succeed. I

00:35:28 I don’t know. Alright. Back to, back to the actual Bitcoin bear market, which I don’t even feel like this is one just like this I want to say something. I think we’re officially in the bear market for one or two reasons.

00:35:41 Okay.

Kenshin:00:35:42 Because we’ve been saying we’re we entered the bear market Yeah. Back in October. Right?

00:35:48 Right.

00:35:49 Now we’re officially in the bear market because

00:35:54 Sailor said we are in a bear market and Oh, dearly. Well, I’ve

McIntosh:00:35:59 I’ve stopped paying so much attention to him. I did not know he said that. And Jack Mallers also admits we’re in a bear market. So that’s the

Kenshin:00:36:07 two most bullish

McIntosh:00:36:08 guys I see. I I actually did so I’m a little behind on Jack. I’d that

00:36:15 that’s shocking that he would Yeah.

00:36:17 He actually said that. Like, literally said we’re

00:36:22 So what did he say about all the weeks before when he said we’re we’re not in a bear market? Exactly.

Kenshin:00:36:27 I mean,

00:36:28 after four months,

00:36:30 yeah. You cannot ignore it anymore. Yeah. It’s a bear market. So

McIntosh:00:36:35 So we’re in a bear market. Whatever. That’s fine. I do I will I

00:36:42 will say this. I still believe overall this will be a softer one. I mean, yeah, if you bought at a 120,

00:36:50 which I did, I bought it a 126,000,

00:36:54 I’m sure, at least very close to that.

00:36:56 That’s what you do when you DCA.

00:36:59 It maybe feels scary,

00:37:01 but

00:37:03 trust me. Trust me, kids.

00:37:06 Sit down and let grandpa talk to you.

00:37:09 Sixty, seventy, 80% drawdowns were quite normal during previous market cycles.

00:37:14 So far, we’ve not reached that.

00:37:17 What are we at right now? Do you it’s like 40%

Kenshin:00:37:20 roughly? 45,

00:37:21 close to 40 Okay.

McIntosh:00:37:24 So

00:37:25 if we break how

00:37:28 low are we gonna go? I mean, guess that’s the question, right? Are we gonna go to 58? I don’t it doesn’t seem like it. Every time it gets close, it really pushes back hard.

Kenshin:00:37:38 We’re one

00:37:39 bad news

00:37:40 item away from You think?

McIntosh:00:37:43 I mean, the way I thought the news from this week was pretty bad.

00:37:47 Yeah. It’s I don’t know.

00:37:49 I don’t know. But What’s it gonna wait. I look. I’m not

00:37:54 there are things that could happen that could make it crash. You’re right. I mean But setting those aside,

00:38:01 just normal,

00:38:02 semi normal, there’s no normal anymore,

00:38:05 semi normal

00:38:07 market

00:38:08 world conditions,

00:38:10 I don’t see us going below 58. Honest

00:38:13 I don’t even think the 58 k people are gonna get that But

Kenshin:00:38:17 honestly, with US

McIntosh:00:38:19 I’m I’m really upset with US, by the way. I’m sorry. I’m sorry, but No. It’s okay. Feel free. Ken, should I you know I don’t censor you. Yeah.

Kenshin:00:38:29 Right. Go ahead. No. Well,

00:38:33 can they stop, please? Can they stop with all the nonsense? Just

00:38:37 can we have a year of peace

00:38:40 and and just a boring year

00:38:43 not to be meddling and and getting involved and

00:38:48 just

00:38:49 a normal year. It doesn’t matter which government it is over there. It’s always the same. It never changes, and and it’s really upsetting. So

McIntosh:00:38:58 yeah. I

Kenshin:00:39:00 I I don’t have any answers. I’m sorry. And I’m not I don’t. And I I never

00:39:05 I was never political. I was never left, right, center, up or down. I don’t know what they even mean.

00:39:12 So

00:39:14 for me, it doesn’t matter who it is. For me, it’s all the same, unfortunately.

00:39:18 Right. It’s just really frustrating to see

00:39:21 the same nonsense going on.

McIntosh:00:39:25 I actually think that’s a lot of the problem. Yeah. The vast majority of people,

00:39:32 they’re either left or right. And if their guy or woman is in power, they’re happy. And if they’re not,

00:39:40 they’re unhappy. And if their guy,

00:39:43 if you’re right leaning

00:39:45 and your guy’s in power,

00:39:47 then apparently,

00:39:49 they can pretty much just do whatever they want and you’re just gonna continue to cheer. Yeah. And they I don’t understand it,

Kenshin:00:39:56 but that seems to be what happens. And they all keep doing the same mistakes and or mistakes. The same taking the same bad decisions over and over again no matter what they promise.

00:40:07 So, yeah, I’m not happy with US. And they keep messing up the rest of the world for us. If it was only affecting US, I wouldn’t I wouldn’t mind. Do whatever you want over there.

00:40:18 But it keeps affecting the rest of the world. And and yeah. And not only with Bitcoin, but

McIntosh:00:40:25 yeah. So Nevers. I’m gonna say this, and maybe I shouldn’t even say this, but I will because that’s just what I do.

00:40:34 Pete Hegseth,

00:40:35 I think,

00:40:37 who is the head of the DOD or Department of War or whatever they call it these days,

00:40:44 did a interview,

00:40:47 whatever, speech,

00:40:48 like, two days ago

00:40:50 and was acting

00:40:52 all

00:40:54 righteously

00:40:55 indignant,

00:40:56 shall I say,

00:40:58 because

00:40:59 six US

00:41:01 servicemen

00:41:02 I think at the time it was four, but six

00:41:05 US servicemen had been killed. Now

00:41:09 I don’t like the fact that people got killed.

00:41:13 Alright?

00:41:14 But

00:41:15 replay what happened,

00:41:17 ladies and gentlemen.

00:41:18 And I hope this doesn’t offend you. If it does,

00:41:23 maybe we can just be friends. I don’t know. I can’t I can’t control

00:41:27 your thoughts. I can only control mine.

00:41:31 Regardless of the reasons,

00:41:34 I’m gonna put that out there carefully.

00:41:37 Regardless of the reasons,

00:41:39 we bombed,

00:41:42 we

00:41:43 blew up things,

00:41:45 and we killed the leader of Iran.

00:41:48 And then apparently Pete

00:41:50 heck Seth. I hope I’m saying his name right. It is Pete.

00:41:54 Anyways,

00:41:55 apparently he thinks that

00:41:58 they should not respond to that.

00:42:00 He was mad

00:42:02 because they were

00:42:03 sending drones and

00:42:06 fight missiles fighting back against

00:42:10 targets in

00:42:12 the Middle East.

00:42:14 So I guess we’re just supposed to go in there and blow everything up and they’re not supposed to be respond

00:42:21 and then it’s okay. I don’t

00:42:23 the level of irrationality

00:42:25 that’s going on

00:42:27 in regards to these things is just

00:42:30 staggering. And I’m look. I’m not

00:42:32 saying that Iran is right, wrong.

00:42:35 I’m just pointing out the logical fallacies in the conversation.

00:42:40 And the thing is, this rhetoric

00:42:43 is what heats people up.

00:42:45 What? I can’t believe they would fight back. What? I mean,

Kenshin:00:42:49 what? Yeah. It it’s just I I don’t know. It’s a It’s crazy. Bully mentality

00:42:55 and

00:42:56 and no matter what what is the

00:42:59 the narrative,

00:43:00 it’s always I’m sorry, but US is always the good guys, right?

00:43:05 Right. And how can it be? It’s

00:43:09 the opposite scenario

00:43:10 and they’re still the good guys, then it’s the other way, the scenario. If they’re attacking, they’re the good guy. If they’re defending, they’re the good guys.

00:43:18 I mean, you need to choose

00:43:20 when are you the good guys? When you’re attacking or defending or

00:43:25 whatever,

00:43:26 defending your land or attacking other lands? Or

McIntosh:00:43:30 I don’t wanna turn this into a we we’ve already turned it in a political podcast. I don’t wanna go further.

00:43:36 I wasn’t really planning on talking about that today. Me neither. It is the news. It’s unfortunate.

00:43:40 I I will say I think it is wild that The US stock market went down

00:43:46 on Monday and Tuesday,

00:43:48 and Bitcoin has actually gone up. I’m not saying that that’s going to continue. I do think that that was a kind of an interesting

00:43:57 trend. Mhmm. You would have thought that people would have been dumping Bitcoin because of liquidity issues or whatever.

Kenshin:00:44:04 But At least at this point, that’s not the case. But, if we talk about Bitcoin, is the money printing maybe

00:44:11 coming into play? It’s like, okay. A lot of spending is coming this way now.

McIntosh:00:44:16 Well, it’s coming.

00:44:18 Those missiles are not cheap. At least the ones we’re sending.

00:44:22 Million dollars. And the asymmetric

00:44:25 nature of this warfare, actually, I think is

00:44:29 I

00:44:32 do think this will change the future of warfare. I think this is I I’m gonna say this.

00:44:37 We’re spending a million dollars to send some type of cruise missile somewhere.

00:44:42 They send a $500

00:44:44 drone

00:44:45 and they can get the sometimes,

00:44:48 they can get the same results. Like, they’ll send a drone here’s one of the ways I saw it. Like, they send a drone, we send one missile to shoot it down. Even then, it’s 500 versus a million. That doesn’t work very well. But if it misses,

00:45:03 now we’re sending a second or third million dollar missile in order to shoot down the $500 drone. Right.

00:45:11 It’s amazing. Long term we cannot run a ten year war like that. That doesn’t make any sense. We we will be bankrupt. Oh, you can with a manicure. I mean, we’re in the field world. Well You actually can.

Kenshin:00:45:22 In the

00:45:24 the gold standard back then,

00:45:26 you run out of You’re correct. That was it.

00:45:30 I think that was the argument Sofia Dean had

00:45:33 with the gold standard. But, yeah.

00:45:36 I agree.

00:45:37 I really didn’t want to, but it’s just frustrating.

McIntosh:00:45:41 But, anyway Maybe we should get some music for that segment.

00:45:45 I I have a feeling, unfortunately, this is going to come up more than once.

00:45:52 I I don’t know. I don’t

00:45:54 the older I get, Ken Ken, should I had it all figured out when I was 21?

00:46:00 I did.

Kenshin:00:46:02 Specifically 21?

McIntosh:00:46:04 Well,

00:46:05 I A magic number. There were some very specific things that happened when I was 21,

00:46:10 so it, you know, it’s in my mind. I

00:46:15 had it all figured out and

00:46:17 we were look.

00:46:20 We were

00:46:21 dang it. I really don’t wanna do this,

00:46:24 but I will.

00:46:26 You know, we, The US, we were right. We were righteous. Everything

00:46:31 was good.

00:46:32 And the older I get,

00:46:34 I just it’s

00:46:35 so messy.

00:46:39 There’s so much of

00:46:41 people involved in politics

00:46:44 and people who are

00:46:47 they have issues,

00:46:49 maybe

00:46:51 that are magnified

00:46:52 by their amount of power.

00:46:55 And I don’t know. It’s just

00:46:59 one of my kids asked me.

00:47:02 One of my kids asked me,

00:47:05 do you think that any of the presidents have done a good job?

00:47:10 And I said,

00:47:11 this is this is literally what I told him. I said, well,

00:47:16 I think Ronald Reagan was pretty good. But to be honest, I was young enough when Reagan was president

00:47:23 that maybe I just didn’t know what was going on.

Kenshin:00:47:27 That’s

00:47:28 the case.

McIntosh:00:47:30 Now, I will say this, his wife,

00:47:34 she was a nice lady, Nancy Reagan,

00:47:37 but man,

00:47:38 she was into some wild,

00:47:41 weird, like, Ouija board, like, spirits

00:47:45 type stuff.

00:47:47 Okay?

00:47:48 That I believe is pretty common knowledge and that’s just

00:47:51 that’s nuts.

00:47:53 He, on the other hand,

00:47:55 at least in my impression first of all, he was very down to earth. That’s undeniable.

00:48:00 He he was charismatic.

00:48:02 I think most people would agree to that.

00:48:04 I believe, in general,

00:48:07 his policies were fairly good.

00:48:10 I will say his idea that which is actually Trump has elaborated on this.

00:48:16 He his idea was we would kind of stimulate growth and the growth would account

00:48:22 basically for the money printing. That’s a Trump idea

00:48:26 now

00:48:27 and I don’t think that really works that way.

00:48:31 I think the government should get as small as possible and get out of the way.

00:48:36 That’s actually where I’ve landed

00:48:39 Right. Personally.

00:48:40 I guess you could say I’m libertarian in that respect. There’s a lot of things in libertarianism

00:48:45 that I don’t agree with,

00:48:47 but in general, a smaller government and staying out of people’s way

00:48:53 is is best for the country in terms of the economy, certainly.

00:48:58 Alright.

00:48:59 Wow. Yeah. We took a right turn, went out in right field and kept right on going.

00:49:06 Are we gonna wrap this up talking about some Bitcoin, or are we gonna

00:49:11 put us under the political

00:49:13 podcast arena and see if we can make any

Kenshin:00:49:16 more views there? Alright. No. No. Now let’s wrap it up with Bitcoin.

00:49:23 But before that, I have an an interesting news article

00:49:28 from

00:49:29 Motorola.

McIntosh:00:49:32 Oh, I

00:49:34100%.

Kenshin:00:49:35 Please carry on. Yeah. Motorola announced a partnership with Grafino

00:49:39 s Foundation.

00:49:40 Yeah.

00:49:41 And I was I was surprised. I was waiting. I was shocked. I was waiting for that for a few months when

00:49:47 Grafino s gave a hint that they’re about to collaborate with a major

00:49:54 phone manufacturer,

00:49:55 and everybody had guesses,

00:49:57 like

00:49:58 nothing or one plus or

00:50:01 yeah. People people suggest Motorola, and I was really hoping it would be Motorola.

McIntosh:00:50:06 You’re

00:50:07 gonna buy a Motorola? Yeah.

Kenshin:00:50:09 For sure. If if yeah. I mean, my pics Pixel phone, the only reason I bought a Pixel phone is because of the graphene OS.

00:50:18 And I didn’t want to give money to Google. Ironically.

McIntosh:00:50:22 Exactly.

Kenshin:00:50:23 So for Motorola

00:50:25 to to partner with them, I’m really, really excited. So

00:50:29 it’s very good news.

McIntosh:00:50:35 Let’s see. That is cool. Alright.

00:50:39 So this week, we got a boost from our listener from our friend and listener, Synag Mike.

00:50:45 He said, enjoy for a thousand 69

00:50:48 sats. Thanks, Mike. I said, enjoy the short show. Glad you didn’t skip the week. I’ve not dug into AI agents. I’ve had way too much other stuff going on. I feel like the unstoppable force of AI bringing innovation and deflationary forces

00:51:04 is

00:51:05 is about to me the unmovable

00:51:07 object

00:51:08 of our inflationary monetary system and the money printer that keeps it going.

00:51:15 Awesome. Thanks for the message.

00:51:18 Send it, Mike. I I feel like I know you well enough to say this.

00:51:23 I I we’re all busy. I get it.

00:51:28 Don’t sleep on AI.

00:51:30 Don’t.

00:51:31 We will use it in Bitcoin.

00:51:33 It will become part of that ecosystem.

00:51:37 And specifically,

00:51:38 I believe these agents

00:51:40 long term,

00:51:41 there’s going to be

00:51:43 I could see more transactions

00:51:46 happening across

00:51:47 bots

00:51:48 than across

00:51:50 than human to human. Does that make sense, Kenshin? Yeah. Absolutely. Like with the Lightning Network

00:51:57 Mhmm. With the tooling that we’ve got,

00:51:59 a few more little pieces.

00:52:02 And as these agents grow in power, and I know that they will, and their abilities,

00:52:07 they’re going to need

00:52:09 AI.

00:52:10 You you can’t just go and ask for something on goodwill.

00:52:13 People need compensation

00:52:15 for that. Bots need compensation for that. These things are not cheap

00:52:19 to run. They’re just not.

00:52:21 Maybe they will be in a couple years, but certainly right now they’re not.

00:52:26 Anyways, it seems very natural to me that there’s going to be this intersection

00:52:31 of AI and Bitcoin. Don’t sleep on it. Don’t I know you’ve got a million other things going on and whatever,

00:52:38 but

00:52:40 AI can help you. I mean, it can help you automate things and make your life simpler too, send it Mike. Anyways, thanks for the

00:52:48 the boost. Appreciate it. Always good to hear from you.

00:52:52 Alright. Well, let’s wrap up with some network statistics,

00:52:55 sir. Yeah.

00:52:57 As we and these are when we start recording, by the way, just in case you didn’t understand this. But

00:53:04 our Bitcoin price is 68,500

00:53:08 US.

00:53:09 We gotta come up with a good word for that. Dollars.

00:53:12 But

Kenshin:00:53:13 Yeah.

00:53:13 I don’t know. What do you want to say?

00:53:16 Banana? I don’t know. Bananas.

McIntosh:00:53:18 What about what about in euro, sir? 59,000

Kenshin:00:53:22 around 100.

McIntosh:00:53:23 Yep.

00:53:24 Oh, it went up. You actually adjusted it because it was 59 when I put it in. Yeah. It was. It was dead center on 59. Yeah. Look at that. Got a bump. Alright. Block height, nine three nine one seven zero as we started recording. Mhmm. Last 03/03/2025,

00:53:40 we were at $86,065.

00:53:45 Don’t you remember those days?

00:53:47 Oh, sorry. Yeah. We’re down 20%

Kenshin:00:53:50 from that. That was quite low at the time or low. It had dropped at the time, I think. Right?

McIntosh:00:53:56 I would have to go back and look at the chart. Yeah. Because we were over a 100 before that. Anyway It’s all a blur.

00:54:04 Our Bitcoin market cap, $1,400,000,000,000

00:54:06 USD,

00:54:07 and gold at 35,500,000,000,000.0.

00:54:10 I did notice yeah. I think this bears that out. Gold gold has been moving up in the last few days. Bitcoin versus gold,

00:54:173.9%.

00:54:191,452

00:54:24 per dollar.

Kenshin:00:54:25 That’s quite good.

00:54:27 Yeah. Get good value with your DCA. Down below a thousand.

McIntosh:00:54:31 That would be nice.

00:54:33 What would be a thousand

Kenshin:00:54:34 A 100. Satoshi’s per dollar? A 100,000?

McIntosh:00:54:38 Oh, I’m going the wrong way. Yeah. Sorry. 2,000.

Kenshin:00:54:412,000. Yeah. That would be 50,000.

McIntosh:00:54:44 Okay. There we go. 2,000

Kenshin:00:54:46 alright. Anyways, go ahead. Right. Go ahead. All time high price

00:54:51 was

00:54:52 in 10/06/2025

00:54:55 at 126,000

00:54:57 US dollars.

00:54:59 And so we’re around

00:55:01 twenty one weeks from that time,

00:55:04 which means Nice.

McIntosh:00:55:06 Twenty one weeks. Look at that.

Kenshin:00:55:08 Yeah. Which means if we what was it? Fifty two. Right? So, yeah, we’re still We’re getting close to halfway there. Yeah. Thirty weeks away from

McIntosh:00:55:17 Alright.

00:55:19 Very cool.

00:55:2052.88%

00:55:22 to the next halving,

00:55:24 and that should be on 04/11/2028

00:55:27 in about two years and thirty nine days. Our mempool is looking

00:55:32 slim,

00:55:33 if we’re honest. Mhmm. One sat per v byte, 33,509

00:55:38 unprocessed

00:55:39 transactions,

00:55:40 roughly a 160 megabytes

00:55:42 in the mempool.

00:55:44 Yeah.

00:55:45 Our

00:55:46 I did wanna

00:55:47 update this because we haven’t talked in a couple weeks. Our mining difficulty right now sits basically dead even with two days to go.

00:55:55 But the prior two,

00:55:57 one was

00:55:5912% up and one was 14%

00:56:01 down, I wanna say. Something like that.

00:56:04 Basically, they canceled each other out. We had the big storm

00:56:09 and so we were getting blocks

00:56:12 too slow.

Kenshin:00:56:13 Yeah. So the

00:56:15 difficult Right. And you go back and see the chart now,

00:56:18 drop looks quite sharp. Now when you see it Yeah. Back in history. But it bounced right back. Yeah. Exactly. So we’re basically right where we started.

McIntosh:00:56:28 It is what it is.

00:56:29 My miners are still up and humming and carrying on.

Kenshin:00:56:33 I haven’t checked mine. Maybe I have a block and I don’t know. Maybe you have a block.

McIntosh:00:56:39 You know, you could have a robot check for you every day. Thankfully

Kenshin:00:56:42 I do. I just need to go and check my

McIntosh:00:56:46 my good morning message. I gotta go check the robot. You

00:56:50 should have the robot call you if you get a block.

Kenshin:00:56:54 Yeah. That’ll be a fun call. What what is it? April fool’s day. I need to double check.

McIntosh:00:57:01 Alright.

00:57:02 Satoshi’s Plebs is a value for value podcast supporting podcasting two point o. We strive to bring you honest Bitcoin content every week.

00:57:10 We ask, are you getting value from this show? Support it through time, talent, or treasure.

00:57:16 Help with future projects, stream sats, boost with messages, even a 100 sats saying great show or you suck either way.

00:57:24 You can even say you suck America. It’s okay. I am not gonna censor you.

00:57:28 Whatever.

00:57:29 You suck Europe. You suck whatever. I don’t know.

00:57:32 Whatever.

00:57:34 Can I Vulgarity, I will? Can I say that? Vulgarity,

00:57:38 you know, cussing. I I will censor that. But other than that, I don’t care.

00:57:44 Check out the apps at podcastapps.com

00:57:46 and support Independent Bitcoin Media. If you like the content, I would love it. If you would write a review for us on Apple,

00:57:52 tell your friends about the podcast. That’s the best way for us to grow.

00:57:56 This week’s music is and I highly recommend you listen to this. This is an awesome song.

00:58:02 Again, probably AI.

00:58:04 I don’t care. It’s a great song. These people are worthy of some streaming and boosting.

00:58:10 They will get those Satoshis. They go straight to them. TikTok next block from Nope.

00:58:16 Listen

00:58:16 to the words, ladies and gentlemen. Let it get down into your soul.

Kenshin:00:58:21 Thank oh. Yeah. It’s quite motivation at this, time of the bear market.

McIntosh:00:58:26 Yes. Yeah. So

Kenshin:00:58:28 thanks for joining us again this week. You will hear from us next Thursday morning as well. We hope this has been helpful, and we would love to hear from you on Noster or on Fountain.

00:58:39 You can also find all our contact info @satoshis-plebs.com.

00:58:43 Stay humble, stack those sats, and have a great weekend.

McIntosh:00:58:47 We’ll talk to you soon.