Alright, so we're officially recording
What hour is this 10? Oh
19th 19 19 hour with UTX so on the 24 hour frog talk mess
welcome
Yeah, how you guys doing? You hanging in there?
We're hanging man, we're hanging.
Some way, some how keeping it alive.
Do I understand this correctly?
Your strategy was to get drunk last night and then try to continue to stay up for 24
hours.
This was the plan?
Well, this is not Tenel's plan.
I did not get drunk.
I had maybe like two beers because I had to.
I had to hang out with my friends.
I had to.
They were drinking.
I couldn't let them down.
I had to drink a little bit, but I feel worse for it.
So it didn't work to my advantage.
Well, I'm listening to everyone.
Half their guests are all hung over.
The stragglers who come on board afterwards.
So damn, sorry I missed the last one I guess.
Yo, there's so many people in the audience right now that have not left, which is amazing
me because how the fuck did you guys stay up this late as well?
Some of you have been here literally for almost as long as we have or the same amount of time.
I'm not gonna lie.
What the fuck?
How does that even happen?
That is highly degenerate, but in a good way.
For a good cause, for a good cause.
It really fucking is.
I love this platform and I love everything that Ed enables and Ed amplifies our ideas
and voices.
So yeah, fucking love it.
Yeah, I want to introduce you UTXO to the audience down below and the ones that are
gonna be listening to this recording.
So just give us a brief background and maybe you want to tell us a little bit about your
Bitcoin story or your Nostra story or both.
I'd love to hear both.
But yeah, just yeah.
I guess I'll start with Nostra.
So I was working on this project called Bitcoiners.Network.
I'm not sure if any of you guys remember it, but it was like you would log in with your
Twitter account and it would tell you how many shit coiners are following you or how
many shit coiners you follow.
So I was working on that for a while.
And then the very early Nostra people were starting to poke me.
This was probably September-ish timeframe.
And there's this guy Vishal XL.
I don't know where he is.
It's like he left, but he was the guy who purple-pilled me.
He was like, you're kind of wasting your time with this Twitter thing because Nostra is
gonna be the next one.
And he built the Nostra console.
So I was checking that out.
There was no Domus or Amethyst or even Astral.
All of those clients weren't really there, I don't think.
So I was like, this doesn't look like the next thing.
This looks pretty shitty.
But then clients started really developing.
And then I was like, okay, now I get it.
And that was also right around the time where Jack was getting people on.
So that's how I got purple-pilled.
And it's kind of like Dev-y because I'm a Dev and it's like, oh, you can just build
your own clients or do whatever you want.
I'm like, okay, this is more my people.
So that's my Nostra purple-pilled story.
That's amazing.
I have so many fucking questions because I can't imagine coming in here and not seeing
any type of clients, like an easy-to-use interface to connect with people.
What did you have back then to connect before?
All I thought was this client called NostrConsul.
And it was like, you can only download it on GitHub and it ran in your terminal.
So only Linux people could use it, basically.
But it was really cool.
You can't really see normies using something like that.
So I was just like, oh, whatever.
And I kind of dismissed it.
So that's what you had for the first couple months, huh?
At least since I heard of it.
After I went to Nostarica, I learned that Nostra is actually many years old.
And they were doing work on this a long time, way before I heard about it, like in, I guess,
summer of 2022.
Yeah, it's very interesting because I've been...
Funny enough, I've interacted with Fiat Jaff without even knowing who Fiat Jaff was prior
to all of this because of his projects on Telegram, like the Lightning Bot.
So that's pretty fucking crazy.
The other day, I finally pieced it together.
But I didn't know about that.
Did you know about that, UTXO?
So I also pieced that together after because I saw his work in LN URL and doing lightning
addresses.
He designed a lot of that protocol too.
This guy's borderline Satoshi, man.
Literally, literally.
He's actually...
Is he buying test?
Do you know about his contributions?
Is he a core dev for lightning or for...
I would put my bets on lightning.
I don't know about code.
I only know he did a lot of the LN URL protocol.
He might even be the lead maintainer on that, but I don't know.
I would assume yes as well, but I don't actually know.
Okay, okay, okay.
I wonder if we can probably get him on here and ask him ourselves one of these days.
Yeah, and it seems like he's working on even another thing where you can mint these assets.
It's this new project called like Soma.
I haven't seen too much of it, but basically you could become a mint and make your own
assets that you can transfer around.
I don't even think it's even related to Bitcoin.
I'm not even sure.
This guy's crazy, man.
I don't know what this guy's up to.
It is fucking crazy.
Nostra protocol itself, it has no relation to Bitcoin, correct?
In terms of without those apps, without those nips itself as a protocol, it had no relation
to Bitcoin, correct?
That's right.
Yeah, nothing.
The protocol is very simple, man.
It's just like this JSON note on a server that people can connect to.
And that's it.
That's pretty much all it does.
Wow.
And is it...
So you say it's on a server, right?
So is that like you copying that JSON note and having it on your own server?
And that's where you would work on it?
Or would you use that dev relay that everybody uses?
Yeah, like relay server.
It's like a computer that has a bunch of JSON notes on it and you connect to that computer
and you read them.
It's so basic what Nostra is doing, which is why it's so good.
That's what you want in a protocol.
It needs to be really dumb and really basic and you put all the complexity in layers.
The clients can get smarter or the relays can get smarter, but the protocol itself is
just extremely basic.
That's insane.
It reminds me of a Bitcoin in terms of like it's layer one, which is like everything else
that's built on top of it is super complex, but right?
Would you say that lightning is way more complex, right?
Yeah, lightning is definitely more complex.
And kind of similar to Nostra in that sense that it scales in layers?
Yeah.
I guess the scaling is a little bit different because for Nostra, it's going to scale sort
of horizontally.
Pretty much, at least as far as I can tell, everything is still going to connect directly
to relays, which is, I guess you could call that layer one.
You could think of an app like, let's say, Nostra.Band that aggregates everything and
you can get like trending or maybe like Primal.
These are not necessarily directly with relays.
They kind of have their own layer between it where they aggregate data.
So like maybe it will go in that direction, but ultimately, I think everyone's going to
connect to relays and there's just going to be a lot of, there's going to be a lot of
different types of relays.
So right now it's like we send all our notes to all the relays and they all accept them,
but maybe in the future it's like, okay, I just want blogging stuff.
So you connect to this one relay that does blogging and it doesn't do any social media
stuff and the clients are way smarter about picking what relay they're going to read from.
I got you.
I kind of want to talk a little bit about what you have going on and I believe when
I first heard about Nolist, you talked about, am I correct on this?
Did you work on BTC Pay at all?
Yeah.
So I've been working on BTC Pay server for like two years.
I still work on it.
So I do the, like, so BTC Pay server has an API and then that API to like make it easier
for developers to use it.
You build the software development kits.
So people don't really have to like read the API and how it works.
It's just like really easy in their IDE.
So that's the part of BTC Pay server that I work on.
Yeah, just like through that work and like having other people use BTC Pay server, it
sort of like gave the idea for Nolist because it was just, it was too hard for people to
run Lightning nodes.
You know, so that made BTC Pay server kind of like too hard for most people.
Yeah, that's interesting.
I think I also heard about you running node for your own family, right?
At one point in time, family and friends.
Yeah.
So I would always tell people like, oh, you know, you shouldn't use Ballad of Satoshi.
You should run your own node.
And people were like, okay.
And then they would do it.
And then now I'm sitting there like having to explain stuff and like do their technical
support for them, you know, and I didn't like, like, it was just clear that it was too hard
for everyday people to use their nodes.
And I didn't want to do that.
You know, I didn't want to be like free Lightning support for everyone.
With all the rebalancing and stuff like that.
Yeah, I know.
I guess you're...
Fuck.
Yeah, no, it makes sense.
It makes sense that.
And that's, was that essentially like also around the time that you saw the opportunity
to build this, to build Nolist?
Yeah, like part of it is an opportunity, but the other, it's like, I don't know how many
people are going to just suddenly accept Bitcoin only payments around the world.
Like, I don't know if this is some kind of like billion dollar company, but I just want
to help.
Like, this is something that I sort of want for myself and for people that I know.
Just to make it easier, you know, like so many times there'll be devs, they just like
spin up this app.
And now if you want to accept Bitcoin on it, suddenly you need like a new node to connect
to it, or you need to know like how to use LN bits.
And it just, it's too hard.
So I just wanted something that's simple and easy for me and for the people that I like
want to recommend Bitcoin to.
So that's like why I built it.
That's awesome.
And for any audience members that don't know what Nolist is, can you give us, you know,
whatever you want, either an elevator pitch or the whole spiel.
It's up to you.
Yeah, Nolist is trying to be like BTC Pace Server, but without having to manage the Lightning
Nodes.
So if you want to accept Bitcoin payments on your website or your app or accept donations,
like anything like that on either on chain or Lightning, that's what Nolist is trying
to do without you having to know anything about coding or Linux or nodes or anything
like that.
So it's easy for the everyday person.
That's awesome.
That definitely has a lot of like a grand customer base with wanting to use it.
Well, you would think that but from what I'm seeing a lot right now in the field is like
most businesses, like if they are open to taking Bitcoin, they'll be like, well, why
aren't their shitcoins?
You know, like I want Ethereum and stuff.
Fuck.
You know, so it's like it's not as big as you think.
And also like we don't do any fiat stuff.
Like some businesses will be like, OK, I'll take Bitcoin, but I want dollars.
You know, I want you to just give me fiat for it.
I went, well, I don't do any fiat stuff.
So it's not nearly as big as you might think.
Damn.
And damn.
OK.
So when it comes down to because I could see big quarters wanted to use it if they're like
are recommending it to someone that they know a business that they're orange pinning.
I wonder where you could try to get this in front of in order to get the attention that
it needs from the right community.
And now one that is seeking what you just mentioned, which are the shitcoins, which
are mostly like clubs and stuff like that.
Different places.
I've seen all types of places over here where I live in Miami accepting all types of shitcoins.
So I definitely understand what you're saying.
But yeah, like I wonder what the best approach could be to find that demographic that wants
it to make it wants to make it easier for whatever business they're trying to orange
pill to accept Bitcoin as a payment method without them having to run their own line.
Yeah.
So we have like a few different channels that we're using just in terms of like new businesses,
because the reality is that most of the businesses that we could onboard are no coiners.
So if we can get in front of them with like Bitcoin only and explain to them why you don't
want shitcoins before they're already like, OK, I do want crypto.
Right now they're not even thinking about it.
You can hit them with Bitcoin first.
And like our hope through our referral program, because like let's say you onboard, you referred
a new business to node list.
Every time they have a transaction, you can earn 10 percent of all the fees we get off
every transaction the business makes.
So hopefully like we can incentivize Bitcoiners when you're going out orange filling, you
know, they can they sign up through you.
You can now earn passive income off helping growing no list.
And you're doing the business like a favor by not getting them on Coinbase or Binance
or any of these other shitcoin companies or the ones that have KYC, which is also like
bullshit right now.
Like pretty much, you know, this is going to trigger a few people, but like pretty much
all the investment and growth and Bitcoin that's happening right now is all in KYC businesses.
Like barely anyone is doing no KYC.
So at least with no less, you can go back a little bit.
You can at least pretend that we're trying to like build stateless money here.
Yep.
I thought about a little like it's just an idea, but I wonder how hard it is to actually
reach out to a company like I think I have them right here.
Bitcoin rocks, right?
Which they do all this advertising with their stickers and stuff like that.
Right.
And basically the website is designed like an educational resource for like people who
are new to Bitcoin.
Right.
So I wonder if like adding no list to these type of resources would actually like increase
your customer base.
I would.
Yeah for sure.
I mean we're looking at doing, we call that like affiliate outreach, I guess.
So that's like definitely a channel, but also there's like, there's just me, there's me
and the like two other developers and like one guy who works part time, you know?
So it's just like, we need help.
We need to like hire a bunch of people, but we also haven't got any funding yet for the
business.
So we're like stuck a little bit before we can do all the things we want to do.
I feel you on that.
We definitely need, yeah, I could see you benefiting a lot from a project, like a marketing
guy, like somebody like Derek would be great, I will lie.
If there's another Derek out there, please raise your hand.
We'd love to speak to you.
But yeah, honestly, like, yeah, taking some of that off of your like shoulders and some
of that has been actually messed up and ideas of how to like really blow that thing up.
Yeah I could see, I could see, I definitely know that there's a use case for it because
me and Tanel ourselves, we want to use it.
So this should probably be a good time for us.
Like I don't know if it is to ask you like a little bit more about like how we could
implement it into, I believe you tried to help me one time when I was trying to implement
it to my site and I just didn't have the correct, I even tried to like change it and stuff like
that, but I didn't have I believe it was TypeScript or something like that.
Well I barely, I barely remember our conversation, but I think it was like you got to get on
WordPress to make it easy.
WordPress.
Yeah.
Yeah, yeah, yeah.
I need a whole new site then.
And it makes sense because it's a whole different thing now.
Tanel your head is up.
Yeah, you can speak.
I have previously had experience with WordPress so it won't be a problem and I think the initial
idea was actually set the site up on the same domain that our NIPPOs are currently on, the
FrogTalk.lol which is, I think it's currently, is it FishCakes, right?
Is that correct?
Yeah, FishCake currently owns this domain.
He has all control.
So yeah, the initial plan was to build the site there and go from there really.
I'm not sure how much we're going to talk about the plans that we have for the site.
Well I could just say in terms of setting it up, WordPress is the most popular content
management system on the internet.
So you're not going to go wrong by going with WordPress and it's open source and free.
And then so long, and if you use WordPress, it can be both a blog and a store, both in
one website and you can easily host your NIPPO5.
So that's all technically very doable.
And then to use NodeList, it's really easy.
You just install the plugin, you put your API key and then it's done.
That's it.
It's like three clicks.
Very, very easy.
That's incredible.
That's super fucking easy.
So it'll be easy.
I'll take care of the site.
You'll take care of the designs.
It'll be good.
Yeah.
And if you guys like need help setting up the host thing or just like installing WordPress
or whatever, because that's, I guess, maybe the hard part, but you could just go with
a host that like they have like one click WordPress setup for like five bucks a month
or whatever.
But I'm willing to help if you need it.
Yeah.
We're going to have to take that.
We're going to purchase that domain from our friend Fishcake.
And once we have access to that, yeah, we definitely going to do it.
I believe we could start doing that.
Well after this whole nest is over, me and Tanel, we could talk about it and we could
see how we're going to do that.
But yeah, once we have it, I'll definitely reach out to you in case you want to help
us set it up and stuff like that.
Yeah, we could get more in depth in that conversation.
But yeah, I just wanted to, if you have anything you want to say right now, like anything else
that you're working on or anything specific to NodeList that we haven't touched on, feel
free and then later on maybe like in five minutes we could start a live Q&A if you like.
Yeah, well, one thing that we're so NodeList does have a Nostar feature.
So we have something called the NodeList address, which is like it's a lightning address, but
it doesn't have zaps.
It's a paywall of email.
So you know, like right now if you put your email somewhere on the internet, you're eventually
going to get spammed to hell.
But this email, it's like if you try to send someone an email, it paywalls you and it forces
you to pay Bitcoin if it actually wants to be delivered.
So you can use that as an email that you could put around on the internet and you won't ever
get spammed.
And it's also a NIP05 address.
So that's like one Nostar feature that we've built into NodeList.
And then the other one is we're working on notifications, so like let's say you do get
a payment on your store that you set up.
NodeList will send a DM to wherever you want.
So maybe your address or maybe you set up a Nostar account just for your store and then
your notifications can go directly to you on Nostar.
So that's like another feature we're working on for that.
That's super cool.
I'm very interested in how the email works.
Like that's incredible.
Like to have a paywall before the person can even send you that email, that's a true signal
right there.
So I'm very interested in that.
Yeah, check it out.
Free to sign up.
And yeah, just give it a shot and see how you like it.
Plug it in for us.
What is the name of the website?
It's nodelist.io.
Oh, that is true.
I'm serious.
Check it out already.
It was really, really smooth experience.
I love it.
Nice.
Thanks, man.
I have a question for you, Sleepy.
What is your karaoke song?
I actually never done karaoke, so I have no fucking idea, man.
Can you imagine I pull up and I just, I tell them I'm going to do a Soulja Boy song and
I do Kiss Me Through the Phone or something like that.
We just got, we heard back from the venue.
So that's, it's finalized now.
So it's at Kill Your Idol Bar in Miami, which is a pretty sick venue.
And the capacity is 150 people max.
And we already sold 150 tickets.
So like we're going to not sell, I shouldn't say sell.
The tickets are free.
But we're probably only going to let like 20 more people get tickets before we close
it up.
So if you're listening and you don't have a ticket, you think you can just come, just
pick up your ticket like now, because it might be closed in the next couple of days.
How long?
Yeah, guys, if you want to come, go and grab it now.
And wait, like literally do not wait till this is over.
Just go and do it right now.
Yeah, do it because there's like, it's like fire code, you know, we can't let more people
in.
You know, I would love to let everyone in, but they're going to block us from doing that.
So.
Hell yeah.
Yeah, I spoke to a couple of people that are actually going to the conference during this
whole 24 hour nest.
I believe the last person I spoke to that was going is Haribot, and he said it was,
I believe, one of the first conferences that he goes to.
So that's pretty fucking cool.
Yeah.
I'm excited, honestly.
And like a serious like I've never done karaoke, but if I were to do a serious song, like very
serious, it'd have to be something like super mainstream, right?
So like maybe like a song by Journey.
You know what I mean?
Like something either that simple.
Huh?
Yeah, yeah, that'll work.
Right?
Something simple, something that everybody knows.
So I don't have to be the only one singing.
I'll do something like that, where it's a song that's just, it's going to get everybody
to like sing it as well.
So I'm not the only voice.
Yeah.
And you probably want to go a little more close.
Like I have a feeling that notches are like a little bit older.
So if you want something that's like really pure sing along, you probably want something
like late nineties, early two thousands ish.
I think.
Okay, okay.
At least that's my that's my strategy.
Okay.
Because I am the worst fucking singer ever.
So I need people to sing along or else I'm just gonna be so fucking embarrassed.
Yeah, the killer is human.
Go for it.
Yeah.
All right.
I'll consider it.
That might be a good one.
I will.
How about you, Tano?
What's yours?
I'm not coming.
I'd happily sing.
All right.
Yeah, I was just listening.
You're the you're in choir.
You're like a hardcore, very good singer, right?
Allegedly.
Allegedly?
Oh, I'm sorry.
I'm gonna make sure.
According to my self, I'm a very good singer.
I'm a very good singer.
I'm voting to my sour.
He's he's joking with you.
He's he's fucking incredible.
This man has got a singing voice like an angel.
Oh, dang.
Yeah, I don't mean to fall in love.
Be careful.
He got to show it off too much because of the fact that it has, it affects everybody.
Not just, you know, females, it affects everybody.
I only fall in love with feet and that's it.
Oh, you're a fuck guy.
I mean, we all are now.
It's literally a gateway drug.
I've been telling people, like, they don't want to listen.
But yeah, you see enough of these fake pics,
you zap enough of them, and you become a full guy,
or a full woman.
Yeah, it's so funny.
I'm actually not into feet at all.
It's not my thing.
Like, whatever, if you are, I'm not going to judge you.
But I just thought it was so funny.
It's hilarious.
That I was just like, I'm just going to roll with it.
I'm just going to pretend I have a foot fetish and just go.
Yo, what really surprised me was that I put mine out there,
like, just joking.
I was like, look, a two-in-one.
Me and my dog, my foot and my dog.
Holy shit, did people go crazy for that post.
The last thing you'd expect, bro,
you take something like literally the last things
that I'd expect for people to go crazy about
is what they go crazy about.
And the ones that I'm always a little bit iffy about posting,
I'm just like, oh, man, this one might do it.
This one might cancel me.
Boom, everybody fucking loves it.
I don't understand.
I don't want to understand.
I just want to keep going with the flow.
Yeah, it's funny, man.
I feel like our memes are dying down a little bit as of late.
So I feel like we need to get a new one going.
Oh, yeah.
We had a, you know, which was a good one,
the Casey meme.
I didn't get too involved into that one.
But those were good.
Those were funny.
That was a Psyop though, right?
That was just like, it was metallic or something?
Who was it?
We all saw it.
We all saw it coming prior to that.
It's crazy.
Certain people saw it.
Certain people didn't see it.
But Derek spoke about it yesterday
when he was on here as well.
We both noticed the same thing.
This person actually created their profile,
I believe, like three to four days prior to that.
We have her up on here now.
Awesome.
She scared the fuck out of me when you put her on.
Tano Nagawa, I got scared.
So we both saw her profile being created days
prior to her first note on National Band.
And I'm getting an echo on YouTube, too.
Oh.
No, you're good.
You couldn't just, OK.
But yeah, so we both saw that.
And he saw something else that I didn't see.
But I'm trying to go on a different client to see that.
He saw that it had a different name prior to the one
that it put, the Casey.
I believe he explained that that's something
that you get with a client like Curran.
Like with a Nipple 5, with the lining wall is set up.
Everything.
But basically, yeah, it's pretty funny,
because I have this idea that people are trying out
new things in terms of engagement.
They're trying to figure out what's the sweet spot,
the right spot.
What's the trendy thing this week?
Like is it women?
Is it this?
Is it that?
Is it games?
Is it a game character?
Because I've just seen the Zelda one come up,
not too long ago.
Everybody went crazy for that one.
And usually, all it takes is a developer to notice it,
reply to it, and be like, hey, on their first note.
And boom, they blow up.
That's the sauce for it.
So they might try with a whole bunch of names
until they get that right formula, which
is receiving the grace from a dev that's known,
replying to your note, saying hi, or hey, or welcome,
or whatever.
And then you see a whole bunch of other people
just trying to be nice, not knowing, and onboarding them
when they're actually falling for that.
But it is what it is.
We're here to learn, and we're learning
that people are getting smarter.
I believe we're getting a lot of those scammers
from the EAT community.
Because we've even seen them here on the Nest.
The other day, popped in on a random-ass Nest
that I saw being an ad on the Nest end
pump that put it out.
And basically, it was some Solana boys in here
just talking like fucking shitcoins and Solana.
And I hopped in for a little bit, and I heard.
And I was like, oh, what the fuck is this?
But yeah, the same thing happened to Derek the other day
when he came inside a Nest.
And they were trying to scam somebody
with financial advice, like a financial advisor or whatever.
So yeah, it's like the scammers are showing up.
So be wary, because they're going
to try new tactics that you're most likely not
going to realize off the bat.
But try to keep your eyes peeled, and don't trust.
Verify.
Yeah.
Well, and you know what you've got to also watch out for?
So at Nostarica, we're pretty sure.
This is like 95% confirmed, OK?
Maybe not 95, but there was a Chinese spy that
showed up to Nostarica, tried to sneak into the event.
He had no end pub, gave lies about what
hotel he was staying at, following the nostriges
around after the event.
So if they're willing to go down to Nostarica,
for sure some of the nims on Nostar right now
are Chinese spies.
So watch out for that, too.
No, that fucking makes a lot of sense, man.
There's a whole bunch of them over here
working for the homeland, as they call it.
It's crazy.
It's fucking crazy, man, because it's not easy for them out
there.
We don't know what their situation is.
But yeah, we got to be vigilant in terms of they're everywhere.
So it doesn't just have to be them.
Scammers are everywhere, OK?
Just open up your eyes.
If you're here, you've most likely been bamboozled
once in your life.
And if you haven't, then I'm sorry,
but you're going to have a rough path ahead.
It has to happen for you to grow and learn as a person.
Don't take it to the heart.
It happens to the best of us.
As long as we fucking pick ourselves back up
and we notice that this is not a unique coincidence,
this happens to many people.
And whether they choose to learn or they
choose to keep being a victim, it's up to them to decide.
Decide the right thing.
But yeah, it's going to keep happening.
I feel like we have to just keep our eyes peeled
and literally try to give advice in terms
of what the red flags are.
What we saw, what me and Derek saw,
that's a fucking red flag.
That's not what everybody else pictured on here, which is,
oh, you show up and you know what's going on.
And this is why we're praising you.
And this is why you're at this pedestal.
No, you showed up multiple days ago and you're around.
And most likely, this is not your only one.
So whatever.
I'm not going to get too deep into that.
But literally, it's just about keeping your eyes open
and your mind open.
Don't think that you know it all.
You don't.
I don't know it all.
I'm willing to change my mind.
It's really sad.
You see this every single cycle, that the most common scam that
just always works, it's been working for six years,
is you just tell someone, hey, send me one Bitcoin
and I'll send you two back.
And this shit works, man.
At least for six years straight, I've seen this scam go on.
It still is on YouTube.
There are Twitter accounts you can follow
that they track all the scam addresses.
And at least once a week, those will go off.
Oh, someone just gave their money to a scammer.
And that's probably always going to be in crypto, man.
I can't see that going away.
Yep, me neither.
It's them.
It's really them.
At the end of the day, it's just their culture.
It's just what they do.
It is what it is.
We got to learn how to live with it.
And the way that you learn how to live with it
is just to fucking be vigilant.
Try to help out the next person.
If you have some knowledge on how
to decipher these red flags, tell the next person.
They're going to be thankful that they don't
fall for this different.
Because they all have like, I'm pretty sure
you could agree on this, they all have a similar formula,
but a different way of doing it.
It might be LARPing as a girl.
It might be, I don't know, a YouTube channel
with the announcement on it.
It comes in very different ways.
But the borderline thing is that you're
getting scammed by the same scam.
It's the same trick.
It just surfaces differently.
Yeah, I believe the saying goes, history
doesn't repeat itself, but it rhymes.
So it's going to keep happening, man.
All the outright scams that should be obvious to most
people are going to keep coming.
But I promise you, this is what's
going to happen in the next cycle.
It's going to be shitcoins on the tarot lightning network.
So a new batch of scammers are going
to issue tokens on Bitcoin.
And just like you see with ordinals and inscriptions,
half the Bitcoiners last year, or sorry,
I should say 100% of the Bitcoiners a few years ago
when NFTs were big.
We're talking about how fucking stupid NFTs were.
And they're just these JPEGs or whatever.
And now you see half the Bitcoiners
are OK with ordinals.
And they think it's cool because now it's on Bitcoin.
And now they can make money on Bitcoin.
And they don't realize that they're just
larping because they were talking shit about it
when it was happening on ETH.
So really, they were just mad people were using ETH,
not that they were doing this stupid JPEG trading.
So the same thing is going to happen.
There's going to be shitcoins issued on tarot
or with these new e-cashes and things like that.
All these scammers are going to come in.
There's going to be NFTs on Bitcoin.
And everyone is going to get fucking wrecked again.
There's going to be a new block buy, a new Celsius.
And because it's all happening under Bitcoin's name,
people are going to just all get fucking rogued.
And I promise you, next two, three years,
that's going to happen.
That's a fucking dark future.
Holy shit.
Well, the main thing is you got to just stay humble
and stack that.
You got to like, people are like,
oh, get 5% on your Bitcoin.
No, like buy this fucking inscription.
You'll make a hundred X and then just trade it
and buy Bitcoin.
Like, no, like don't do any of that.
Just stay humble, stack that, do not sell your Bitcoin
and just try to hold it for fucking dear life.
Like that's all there is to it and you won't get wrecked,
but sadly, probably, you know,
half the people listening to this are going to get a wreck
because of greed, because of human nature.
It fucking sucks, but it's going to happen.
But try to not let it happen, please.
Fuck yeah.
It really does take a couple of cycles
to really like engrave that in you.
Well, yeah, I'm speaking from experience.
Like I got wrecked in like 2018, like creating on leverage,
thinking I'm like, oh, you know,
this is obviously the bottom and like thinking
that I fucking know something about Bitcoin.
Like I don't know anything,
except that like if you hold it
for a long enough period of time,
like you will be able to protect yourself.
Like, but day to day,
there's no way anybody knows what's going to happen.
100% man, you know, actually, you just reminded me
because you said 2018, 2016, 2017,
I forgot what exactly it was.
I got fucking fucked, bro.
I got fucked with, you'll never guess it, Bitcoin.
What's up, what's up, what's up, what's up, what's up.
Bro, oh my God, thank God I can laugh about it now
because holy shit, that shit was not funny when it happened.
But it's hilarious now because it's a whole meme
and because shit, I wasn't alone in a bitch.
We all fight like not all, but like a good amount of people
got introduced that way.
Some were smarter, but I was not some, okay.
I was the other.
Shit was hard.
I saw those YouTube videos,
yo, those YouTube videos back then, UTXO,
they don't make them like that no more.
I mean, they're making them a little fucking crazier now
because they have that, you know, like a shorter,
shorter fucking, oh shit, coming back.
Oh shit, can you hear me now, UTXO?
Yeah, the audio is getting real fucked, but now it's good.
Oh yeah, oh fuck, my bad.
Yeah, so they don't make them like that no more.
Like the content that I used to see back then
and like the content that really got me fucking fucked up
with that shit was YouTube videos that I would see
from like people that would just like, you know,
portrayed to like have made money with it
or whatever the case might be.
But nowadays you actually see like shorter form content
like a TikTok, like a real or like a fucking YouTube short.
It's all for like, you know, the people with like
lower attention spans that just, you know, like,
it's fucking crazy though, like the way that you're able
to digest that compared to like those videos
that we saw back in the day that you had to watch
like a whole, you had to watch hours of it basically.
But no, nowadays they show you this video
and it's maybe like a fucking 30 second video,
but that was enough to fucking get you to ape in
to this fucking coin and lose your,
whatever money you put into it.
So yeah, I'm just saying it's getting easier.
Yeah, well, we said, we should hope so,
but you know, you see how people talk on Twitter,
like even people who've been in the space for years,
they really buy into this like Ethereum stuff
and transactions per second and wasting energy like,
so I don't know, like no matter how good the content is,
I think people just, they have to touch those,
they have to get wrecked.
It's the only way to like really learn for yourself.
And like Bitcoin has to eventually just bring
all the shit coins to zero, right?
So people have to realize that there are big coins,
like if they weren't around in the early days
and I wasn't either, like it was all different top 10 coins
and people thought they're feather coin or name coin
or Raven coin or whatever, they thought
there we're gonna be number one or be the next Bitcoin.
And people are buying into the exact same shit
all over again and I can't see that stopping anytime soon.
God damn, I remember so many of the fucking top 10
when I first like saw the top 10,
I think it was like EOS, NEO,
a whole bunch of fucking EOS or like weird fucking names,
like they were all, I think they were all Chinese to be honest.
But I don't know, I think that was around that time
when they had, oh yeah, that was around that time
because I asked the same question to somebody else
about like, the question was about the hash rate
when China had like more than 51% of the hash rate
but they explained to me that China,
like no matter how much like hash rate they had
or 51% or whatever, they can never do one of those attacks
because they weren't actually all together on the same page.
China overall is very divided.
So that was very interesting to like learn that
after the fact because that's mostly like the reason why
like I was like super iffy because like fucking
like the whole media, like the media would portray it
as such a fucking like disaster, like waiting to happen.
But then like, hearing from a big corners perspective
where they actually did like the research on it,
they explained it perfectly well,
but China really like those cities
that had all this hash power,
they weren't in connection with one another
and they weren't gonna be, they're very different.
So yeah.
Well, I mean, so that is true to a certain extent
but it was also not good.
You don't ever want all the hash,
like 51% of the hash to be in one country
because China could have, you could have envisioned
they will be like, okay, if you're running
a current Bitcoin miner, like it now belongs to us
and they could just do that at any time.
So you don't really want that.
And there's like a similar argument
that's happening now in the United States,
you know, like the hash power has exploded
in the United States, not near 51%,
but imagine it did like all these public miners
are doing KYC, they're all using the same pool
which is Foundry.
So you could, and they're all like registered
and licensed by the government and shit.
So you can easily imagine the government being like,
okay, if you wanna be a public miner,
we'll just tell Foundry, okay, you can't,
here are addresses you're like not allowed
to broadcast transactions to.
And they would effectively be able to do that
with 51% of the network.
And we're like slowly chugging away at getting there.
So I don't think it's a fucking good idea at all.
And like, when that was happening with China,
that was a real risk.
It didn't mean Bitcoin was over, but like that wasn't good.
Oh shit, okay, okay.
So all right, let me just invite a couple audience members
up in case you guys wanna ask any questions.
The live Q&A part of the segment is here.
So please raise your hands.
The hand emoji right there will allow you to get up here.
I mean, yeah, it will allow you to get up here
because I'll buy, just put your hand up
and I'll literally bring you right up.
It'll be a fast seamless process.
There you go.
Boom, you're here.
Who else?
Go ahead, Neil, when you could ask a question.
Thank you for being here.
Actually, I came in a little bit late
because I was coming in from work,
but UTXO, I don't know if this helps you at all,
but I heard you talking about Nodeless
right at the end of it, the tail end.
And you said that you were looking for help
and you needed to hire some people.
I learned a little bit of a life hack a while ago
that if you go to certain universities and colleges,
you can actually check with the department heads
or the professors to ask for a student
and the student who has a project on a particular subject,
they can actually work on a project for you
and the instructor will give them credit for it.
And the students like it
because it actually shows real world experience
for when they get their degree.
And then they go into the world and they can say,
well, what have you worked on already?
And they say, well, I worked on this.
And it's not just something in a computer lab at school,
it's something with real life application to it.
Okay, yeah, that sounds like a pretty good idea
and a way to get some nice free labor.
Fucking love you, the American dream right there.
All right.
Yikes.
I'm sorry, I'm sleep deprived.
I didn't mean to say that.
Anybody else wanna ask any questions?
Anybody else?
I'm sorry for singing, if you had headphones on, I'm sorry.
Sorry.
No, all right.
Shit, all right, don't ask.
Yo, y'all are so scared to ask questions.
Like genuinely so scared.
UTXO, this is not just with you.
This is with every guest we brought up.
They're terrified, they shake whenever I ask them
this question, they're just like, oh my God, can't do it.
Come on.
Oh man.
They must be doing something like much more important.
I'm not gonna lie.
Oh, look what it is, my friend.
Hi, hi, beautiful.
Hi, y'all.
Can you hear me?
Okay, okay, I have a question.
Hi friend, how are you doing?
That's my question.
I can come up with one.
I'm doing good, you know, just smoked a huge joint,
did a nest, drinking some lemonade.
Now I wanna smoke.
Well, that was my question.
Thanks for answering.
I'm glad you're doing good.
I'm just proving she's not scared like everyone else.
Let's go.
Hey, you see guys, come on.
Yo, I mean, I'm not gonna leave you like,
Roya, you're the shit.
Look at this, look how many hands we have up now.
Oh my God.
Yeah.
Right, everybody.
You better ask some questions.
Yeah, I better see those hands.
Well, so-
I don't really have any questions,
but I just wanted to not be scared.
Let's call Roya's path.
It's good listening to you guys though.
It's really cool to put like the, you know,
the voices to the faces on the profile pics, you know.
Hi Sergio.
How you doing, Roya?
You're actually inspiring me to zap the most.
When I first got on this protocol,
I was like, who is this Roya
and why she's zapping so much?
And then I found out about like zap-a-thons
and that was like, that was it for me.
I was like, half my fucking paycheck
gets like direct deposit
and I just take like a percentage of that,
throw it in the lightning and just zap everybody.
Let's go.
Yes, I'm honored.
I'm trying so hard to orange pill people,
but they're so, it's like pulling teeth.
Like everybody's in this like analog mindset.
Well, if it wasn't for NOSTER,
I wouldn't have been orange pill.
So that's why I'm so like, I want to zap everybody.
So thank you.
I feel honored.
I'm going to shut up now though,
because this is not my time.
I'm going to do the same.
Hey, I was just going to add to the,
I'm actually party city right now,
pushing my son around,
but I'm just going to let you know,
when you look at the,
when we're talking about the minor hash rate and stuff,
and we look at Russia becoming number two in the world,
you're thinking, oh, Russia, you know,
might be some bad juju or whatever,
but that's actually a benefit.
Like UTXO was saying, that's what you want to see.
You want to see all these different countries
increasing their hash rates.
So you don't, you don't fall risk to that 51%.
Yeah, definitely.
And my objective view is that America
is the most hostile country, like by a long shot.
Like if you, if I had to pick one country
that 51% of the hash should not be in, it would be USA.
100%.
And you know, you can see what they're doing with Chokepoint.
They, the way they capture is through regulation or,
you know, regulatory captures is their MO.
Well, yeah.
And it's working.
Like we can see it in real time.
All the hash rate is like coming from Foundry,
which is all public miners.
Like we can, people ask like,
oh, where's this new hash rate come from?
Like we can see it.
It's not, it's not a question.
We know it's coming from Foundry
and we know that they KYC all their miners.
So like it has already happened.
That attack already took place.
And like people think that this is bullish.
Like this is not bullish.
This is bad.
Yeah. Yeah.
It's important to talk about that because, you know,
and when we look at the, I'm interested to see,
cause Jack had just dropped his block,
basic product kind of just a little preview of it,
but I'm interested to see what Jack brings to the table
on kind of, I don't know if that's more of a retail miner
or if it's something where he wants to build out,
but you know, it's, I'd like to see more
dispersed ASICs around, even if it's just,
even some silly like that Jade wallet, you know,
it's just, it's great to see.
We really want to see decentralization anyway, Ken.
Hey, I just wanted to ask real quick,
how hard is it to run your own node?
I've never done it.
I know, you know, a lot of people are doing it.
And I also have listened to people saying
that running the Lightning node would be a lot harder
than just running like a full Bitcoin node.
I don't know how true that is or not.
I haven't had any experience with it.
Do y'all know of any products that I could like, you know,
kind of like use for a basic pleb that doesn't code
and doesn't know anything about, you know,
anything like that?
Yeah.
So the easiest way to run a node is to install Bitcoin core
on your windows computer.
So it just like, it's literally like any other program.
You just click next, next, next, and then now you have it.
And then when you use your wallet software,
like Sparrow or Trezor, whatever you use,
there should always be an option in that wallet software
where you select what node to connect to.
And pretty much all of them will have Bitcoin core.
So you just like, as long as Bitcoin core is running
on your computer, then you have a full node.
And when you broadcast transactions,
like you don't have to rely on somebody else's node
and nobody else's node can see all of your transactions
or your X pub or anything like that.
So that's the easiest way.
Now that's not gonna be a lightning node.
So if you wanna go like a step ahead,
but still like somewhat easy is you look at something
like an Umbrell or embassy OS or start nine,
these like pre-packaged nodes,
that's probably like the next step.
If you wanna like the easy experience.
Awesome.
Yeah, I guess it's just kind of like a scary thing
to approach.
It sounds like it's such a big,
you know, it's kind of a big deal.
Yeah, and a lot of times like,
because lightning is the cool new thing,
that part like it is complicated.
Like it is not easy.
When people say that is easy,
it's like they're already developers,
it's easy for them.
Yeah, yeah.
Within context, within the context
of what they're already doing,
it's probably just a breeze for them.
Yeah, but I promise anybody can install
Bitcoin Core on Windows.
Cause it's like you download EXE and you literally just,
it's like every other software you've ever installed.
Okay, cool.
Thank you.
Can anyone hear me?
Yeah.
Well, we hear you buddy.
Okay, I can hear you now.
Yes, sir.
Hi.
Hi, Roya.
How you doing?
Good, how are you?
Can't complain.
I got this problem.
If I have my phone and my laptop on,
I can't use the sound for whatever reason,
it blocks it out.
So I don't know what happens, why it does it.
Sounds like a problem with your router,
not being able to direct packets.
Hey, I don't know what,
I'm actually in a different place
than I normally am at the minute.
So I'm on a different router.
So I don't know, I don't know what goes on.
But I'm using my phone now, so we should be good.
So I had a question for you UTXA,
like when I tried to get on before and was having trouble
about Russia being a good or a bad thing,
doesn't it have to be a good thing
if the US is enemies with Russia
and Russia is doing something?
Doesn't that then force the US
to have a look at what their policies are
and not let them get more hash rate than the US,
even if they're putting up this smoke screen
and trying to block it to save their Ponzi scheme
that they're running now?
That's the way I view it anyway.
Yeah, it's definitely good that Russia is mining more,
for sure.
What I think is bad is that there's,
the US mining is growing too fast
and they're getting an overwhelming amount of hash power.
So I think it's great that Russia is,
how that affects the US government policy,
I don't give a fuck about the government.
I only care about the Bitcoin network.
That's where my faith is in.
So as long as that is healthy,
I don't really care how the US is gonna react.
So I think it's great.
Yeah, I'm with you on that.
My point, I guess, is it might make the government here
in the US a little bit more,
I don't know what the word is, lenient
or whatever on the mining industry,
like instead of trying to come down hard on it
because if they do,
then they're gonna lose the hash war with Russia.
So that's where I was sort of angling
that it's a good thing that Russia's doing
what they're doing.
Yeah, I think that makes logical sense,
but the government is just so retarded.
I don't give them any credit for even being able
to have a thought as advanced as what you just outlined,
which is somewhat basic.
But I mean, Biden and Trump,
these people don't know what they're doing
or anything really.
Yeah, I'm with you there,
but I just have to assume that there are some smart people
and they're doing something because these fucking idiots
couldn't do it on their own.
So they're just a figurehead.
So the smart people are behind running the show, I hope.
And that's all we can do is hope, I guess.
Well, I don't share that assumption.
I think they're all stupid.
I mean, they just announced that you still need a vaccine
to go to America, like what?
Yeah, these are not smart people
and this is not a serious country anymore.
Yeah, that's sad.
Has it ever been a serious country then?
Yeah, I don't know, like maybe like World War II days.
Maybe you can make a case.
I was gonna say, maybe when the founding fathers
were smoking weed and drinking and kicking Brits asses,
that's about the only time.
I don't know, but I am not bullish
on anything government these days.
And I'm Canadian, by the way, too.
Yeah, it's not good.
It's just annoying that they're trying to save something
that's just so broken.
It's just like, stop, wake up, smell the roses.
Let's get our time and energy into something
that's gonna actually be fruitful.
But anyway.
Any closing remarks on about to turn off,
close out this audio for that last hour?
I believe it was the 19th hour with UTXO.
I'll just say, thanks everyone for listening.
Check out Noleth.io and you start sleeping.
I'm so proud of you, man.
I remember when you were just this NIM
and I zapped you like a thousand times.
You're like, oh my God, are these Jack zaps or whatever?
And then Jack zapped you and you just lost your shit.
Like, I remember you back then.
And now look at you hosting this big Ness.
What a guy, I'm proud of you, buddy.
I'm still that same NIM, bro.
I'm still the same fucking NIM.
You're a legend.
I'll still get fucking excited if that shit happens, man.
Fuck, I love you guys.
Good for you, man.
You guys have a good day.
I'm out.
Have a good day, my friend.
Turning it off from now.