Yeah true, the value of bitcoin is all about in the infastructure.

Yes, true. But from picking the strongest network, security, hash, nodes, size of asset etc. Bitcoin is way in the lead.

Ive always liked Monero because of its privacy, but recent attack, exposes vulnerabilities of smaller crypto. If Monero was 10 or 100 times bigger, would the attack have had any affect?

Regardless, Monero survived, and has infact recovered quite well, which means a similar attack on Bitcoin (which I think is in many order magnitutdes more difficult so very unlikely). But if a similar attack did succeed on bitcoin, it would be for a brief time and very short lived. Monero survived, so Bitcoin would likely spring back even stronger.

Yes, assets such as gold can have some of these features too. But its hard to move around large amounts of value in gold across borders. And difficult to protect in self custody.

What other assets have some of the same features as bitcoin?

I suppose Bitcoin doesn't have value in terms of creating something physical. Gold silver can be used in producing physical products directly. So then bitcoin wont have value in this context. But it would be short sighted to think something only has value if it produces physical products.

What mstr is doing in producing yield would be creating value for bitcoin. But once again not direct.

Kind of feels like going round in circles in your head, asking whether bitcoin has value in the way you asking. Might be a pointless question. The affect bitcoin is having and will have is pretty clear.

I suppose Bitcoin is just code. So it might be better to compare Bitcoin to any piece of software. eg. Microsoft windows which runs because of code. What value does Microsoft operating system have? Based on how you asking the question, Microsoft operating system would also have no value, but its affect is quite opposite. How people interact with it is what creates the value. and what people can do because of it, is what creates the value. Bitcoin is the same.

I agree, these bitcoins "features" make it extremely valuable. I feel confident my wealth can't be forced from me, not stolen easily, I can move anywhere in the world and still have access.l to my bitcoin relatively easily. Transactions can't be censored. In a world where we can't move money easily in traditional banking system, or in a world of debanking, this is extremely valuable.

nostr:nprofile1qqswcep08zl7734t00xmtt4pmnwf3j3qew6va3l6zpnv47a44zc8qzqpremhxue69uhhyetvv9ujuargwfjk2mnfdejjuum9wfmxjcm9wvq3gamnwvaz7tmjv4kxz7fwv3sk6atn9e5k7qgkwaehxw309aex2mrp0yh8qunfd4skctnwv46qdakmg3 you will need to define what you mean by value. In my mind the features give bitcoin its value.

Good to catch up on your show nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qprdmhxue69uhkwmr9v9ek7mnpw3hhytnyv4mz7un9d3shjcg9dgz.

Im definitely sticking with bitcoin. Show me an asset that I can be the true bearer, an asset that is unconfiscatable, an asset that I can move anywhere in the world without friction, without permission, and so decentralised that its next to impossible for transactions to be censored. Show me an asset that is matched with the security that the bitcoin network provides. If there is another asset that can do all this I will hapilly buy some. Untill then Im sticking with Bitcoin. Im with you 100% Brian.

Bitcoin Diamond Hands 🙌

I do agree, retail havent entered, there has been no blow off top, no euphoria. Im definitely in the 4 year cycle being extended.

I still think we need a nice strong bounce which we havent really had, so I wouldnt be surprised if we hit 70k region and then recover very quickly. Santa rally this year was non existent.

Thanks for all your hard work Brian, always enjoy your show.

Have a great xmas to you and your family, 🎄🎄🎄

Good show nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qpzemhxue69uhh2um9wghxk6twv3cxzeewv4ej7cgcwxs.

Looking cool with your xmas hat and getting into festive mood. 🎄

Crazy how the bitcoin price keeps getting smashed down. Its a shame, so many people will fall for it amd sell.

Time to stand firm on our positions. 🙌

The best solution is keep your identity private and never engage with the law.

If the law tries to engage with you, dont reciprocate.

Once they put an X on your back (which they can only do if you naively make your identity public) then they will bait you to engage with them so you hand over information that they use to put you in prison.

Samurai guys should never had engaged with the law when they were contacted. They were naive to think otherwise. Not to single them out in anyway, most people are taught to believe that those in authority using and enforcing the law is doing so in a good way for good purpose. I was brought up to believe that the purpose of the law is to protect us and that we should engage and answer questions from police and those in authority. Reality is, the law is designed to make money, and if it doesnt make money it wont be enforced. The police are trained to behave and act in a certain way. Their training is structured in a way that promotes more money to be made supporting agendas that kerp massive institutions rich and powerful. Individual police officers dont realuse this, most of them enter the profession with good intentions.

Samurai guys are a threat to how massive institutions make money. And this is the only reason the law has been used to put them in prison. To protect the status quo corrupt ways in which massive financial institutions make money. And to send a message to any coder out there, you could be next.

Just remember, it is written in law that we do NOT need to answer any questions anyone asks us, regardless of position of authority, police, government, the king, or the pope. The law in this instance is protecting us, we just need to know it exists and then enforce it, should the time come we need to use it. This is written in UK law and US law and all countries that follow western law and even many countries that dont follow western law.

Samurai guys really shouldnt have made their identity so public. Ross Ulbrict eg. did everything right, it was just bad luck the way they cornered him, had he not stepped away from his computer logged in, they wouldnt have been able to get the information they used against him.

And I suppose he could have protected his bitcoin better in self custody. Hiding his keys in a popcorn tin. Come on he could have done a better job to protect his bitcoin stash than that. Plenty of lessons to be learned.

Expect alot of things that are perfectly legal today to become illegal in the future. And every day normal law abiding citizens to be turned into criminals.

I've heard Trump can pardon the Samurai guys. Fingers crossed he steps in. 🤞

Ok i found it,

https://www.change.org/p/stand-up-for-freedom-pardon-the-innocent-coders-jailed-for-building-privacy-tools

Do u have a link for this petition. Cant se to find it ehen i search.

Hope you enjoyed your break last week nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcr7t8sz. Good to see you back. You've got back just in time when prices are crashing. 🤣

All the bullish news is just too good. Seems like there is a lag on the price. The longer it takes for price to react, the more explosive it will be when we skyrocket.

Terrible news about the Samurai wallet bitcoin devs. News like this reminds me why privacy is so important and the need to keep your identity private and confirms why Satoshi Nakamoto stayed anonymous. If Satoshi had became public they would have nailed him to a cross! 🥺 its the world we live in.

Really good show nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcr7t8sz.

Who would think all the bullish news you listed when looking at price. 🚀

Well earned break, take it easy next week, relax and enjoy your holiday. 💯

Yes i totally agree, these crashes are pushing people to give up their bitcoin so institutions can come in get them cheaper.

Surely if we break into 70k range, that will be it. 🤞

Thank nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0a8u94x good show reminding us to remain with diamond hands 👍

I did say a few weeks ago I thought we would drop 80-90k and that would be the bottom. But Im not really convinced. I was expecting a really big bounce at 80k. We have a had abit of a recovery but its taken its time. I would be satisfied if we re-visit 70k region with a 10k bounce in a day or 2. Then I will be convinced we have bottomed.

I do think we will rally in Decemebr. Stocks usually rally towards end of December. They call it the santa rally. Hopefully Bitcoin will follow. Will be nice to be over 100k for new years. 🤞

Cheers nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qpzdmhxue69uhhqatjwpkx2urpvuhx2ue0pp2ff6 another good show. Yeah the negatvity towards Bitcoin is crazy to hear. I am trying to minimise my interaction with yt, nostr is the way forward. Im surprised when I hear negative bitcoin comments these days, I think because Im in a bitcoin bubble and so I assume sometimes that people are aware of all the amazing bullish bitcoin news we've had this year. But seems they are still totally oblivious.

Good show nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0a8u94x.

Tell Andy he needs to watch the series that Saylor and Breedlove did, What is money.

Once it clicks, then doesnt really matter what happens with price, its actually really hard to sell bitcoin. Hodl becomes a doddle.

Price of Tomorrow by Jeff Booth made me realise how skewed all the prices of all things are. And the reality is, everything is meant to get cheaper. All things becoming more expensive through inflation isnt meant to happen. Its a man made phenomenen.

With Bitcoin everything does get cheaper.

Once it clicks hodl really does become a doddle.

I do agree, the best strategy when we get a sell off like this is to stay strong. And hodl.

Trying to trade and buy back back in lower is a fools approach. Its like trying to catch a falling knife. Best to let it land on the ground rather than try catch it on the way down and get all cut up in the process.

Sit back and watch to see where bitcoin lands.

Yeah would be great to have more dry powder. Have u considered loaning against a portion of bitcoin to buy more bitcoin? It could work. Never sat down to try and work it out. Im playing a more passive approach.

Someone once said the best investors in the world are dead investors. These are investors who died and their family didnt know abour their investment. Eventually after years the investments were discovered by their family and their gains were far beyond the best living investors. So the best strategy is to learn to play dead while still alive. Dont underestimate this approach.

Good show nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qpzemhxue69uhh2um9wghxk6twv3cxzeewv4ej7cgcwxs. Thanks. 👍

To me it makes no sense that OGs would sell their bitcoin in vast amounts. You run out of things to buy at that scale and pointless to diversify, bitcoin is the strongest asset ever. Maybe diversify 10% of holding but not on the scale that im hearing.

I could be wrong but it just makes no sense to me that OGs would sell. They better off loaning against rather than sell. Thats just my two sats worth. 🤷

When they say OG bitcoiners are selling causing price to go down, are we sure about this? Can we see this on the block chain. There are some OG selling, sure, but really is there that much?. Im more inclined to think we've hit a glut in buying and since price is determined between buying vs selling, then price goes down, because number of people buying has gone down. I dont think OG are selling in massive numbers.

Yes we hit 10 on fear and greed, if it can dip below 10, maybe visit 80-90k region that should hopefully clear out all the weak hands. Yeah i think we should get abit of a rally to year end and then 2026 Im optimistic we get new ATH. Im still waiting for 200k!

Good show nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0a8u94x shame about technical glitch with sound, hope u figure out for next show.

Totally agree, we can appreciate the reward more, the longer we hodl. 💯

I hope Nigel Farage follows through with bitcoin reserve if he makes it as PM.

Something is definitely brewing. I hope Starmer leadership gets challenged before the budget. And then an early general election. 🤞

Good show nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0a8u94x. Thanks. 👍

$1.2million call option lost. Thats alot of money. It might not be alot of money to that trader. If I was a betting man then 12 months ago I would have betted we be over 200k. We aren't. Important to not get too over confident and make stupid choices. Long term we know its going to a million and beyond. But inbetween, how we get there, its next to impossible to be right all the time when its going up or down.

Another good show nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcr7t8sz

I agree, the longer these low prices persist the tighter the coiled spring gets and the more explosive the move up will be. 🚀

Grant Cardone is absolutely spot on. Bitcoin is so much better than real estate. Buying property as a way to increase the value of your wealth is the old way of doing things.

I look forward to the day when house prices are considerably lower because they wont be used as an investment. From a moral point of view its so much better too. It means more people will be able to afford a roof over their heads and own their own home. Its a fairer society.

Another good show nostr:nprofile1qqsgmyfuy22uvdeak9lexv35xkpkldhapdc4f9wjy224twswjvepk0qpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0a8u94x.

Im so surprised the fear greed hasn't dropped any further. Its in the 20's still and bitcoin price has dipped a few times below. 100k. Last time we saw <10 on fear greed was March this year. So I'd like to see a good clear out. Its the only way for bitcoin to sky rocket. Maybe a revisit to 70 or 80k is required.

I'm asking knots to do the hard fork! 🙏

I am running knots. I support knots nodes. But unless every bitcoin core node converts to knots (or every core node does not upgrade) then eventually the csam will find an updated core node and be inscribed onto the bitcoin block chain.

The hard fork is an insurance policy. If the worst happens and csam flood the bitcoin network and governments all over the world make it illegal to run nodes because of csam and people shit themselves and don't want to run nodes because they don't want csam on their hard drives, then the forked version is there without the csam. And we can switch to the bitcoin chain without the the csam.

Having the hard forked version might be enough for government to not get so heavy handed, because they will be aware that people can switch to the hard forked version hence, the hard forked version could fail, but its mere presence helps the existing bitcoin to continue, because the governments realise its futile being so heavy handed, because everyone will switch to the hard forked version anyway.

Or another scenario is just the threat of a hard fork could push bitcoin core to sort its act out. And pull the plug on removing the anti- spam filters. Problem solved.

The hard fork could be a spectacular failure and existing bitcoin flourishes. Thats a success in my eyes. I just want Bitcoin to succeed fully whether with a hard fork or not.

I dont want a hard fork. But Bitcoin core aren't leaving us with much choice. In an ideal world I would prefer the existing bitcoin flourishes even with csam, enough people look through / beyond the csam on the block chain and see bitcoin for what it is. Bitcoin is freedom. Imo no amount of csam changes this. But we are dealing with people here.

Keep Bitcoin Alive 🧡

I think you will find that bitcoin core are following the footsteps of bitcoin cash wanting to change the rules that have made bitcoin the success it has become. The hard fork is to preserve the status quo not change it.

Keep Bitcoin Alive 🧡

Joe Nakamoto went recently, did a video on china,

https://youtu.be/I4zjvfPLn5c?si=4_Z0M59NCLGOfmw_

I've heard they recently banned bitcoin again, apparantly people can't buy bitcoin any more. Not sure how true this is, mixed news reports.

I've heard its an amazing country, people culture etc. Have a good time. 👍

Was even lower earlier $112.

Load up while it lasts. 💯

Madness! savings at risk too. I remember hearing a few months about ecb Christine lagarde going after European savers. We in uk aren't immune either. I know it doesn't matter who is in power but I'd rather have Nigel Farage any day. I have a feeling he won't be as bad. Maybe even half good. Early election some how needs to be triggered 🙏

Yeah, that's the strength of nostr. They can try censor us, but its impossible really.

As for vpn not hiding location, I'm not entirely sure why vpn are not effective in hiding location. Practically the vpn I use works. Ive been on sites since the UK Online Safety Act came into operation. With a vpn outside of UK, UK websites work fine. Without vpn, the website is requesting I complete age verification. You can test this for yourself.

Joe's post on how vpn does not hide location or hide location on nostr. I dont understand the technical jargon and content of the message. Or the limitations of vpns and how they actually are not good at hiding location.

If nostr relays can see our true ip address (even with the use of a vpn), how can an authority get access to this information? Is it public? Do they have to contact the relays? Do they need to run their own relay to get this info. I admit my technical understanding of nostr isn't as good as it should be.

When we say we want to hide our location, what we really saying is we dont want to be censored. Which nostr is succeeding at.

Maybe we could invite a nostr dev to answer some of our questions.

I've stopped posting comments on yt. I tell creators if they want interaction with me, start posting on nostr. Annoyingly, if I mention nostr in the comment on YouTube, the algo removes my comment.

I feel like the guy in this scene from They Live, brilliant film, I bet you feel the same.

He is trying to get his friend to "see" by putting on the glasses. Very very long fight scene. Its not a matter of - if - but *when* they decide to give it a chance and see. Once you see, you can't un-see.

https://youtu.be/rhr3TzEknzY?si=wDXe5R-33I0gZ-nK

I wonder how long uk will persist with this approach. 😱

Recently learned about your involvement with Bitcoin Policy UK.

I came across UKBitcoinmaster interview with Freddie New,

Keep chipping away Susie, they may seem like they aren't taking notice, but cumulative effect of all the nudging eventually flood gates will open. 🧡

https://www.youtube.com/live/TY-neCNGlYI?si=5gJBXzmQtw80-Tqv

Don't gamble your bitcoin.

Fiat is ok, it won't hurt so much if you lose your fiat.

But bitcoin, no, not under any circumstances.

Otherwise you good.

Have fun!

Ps. I've never played poker either.