Transcription
The most famous guy in the world for saying, "Don't sell your Bitcoin. Just sold some Bitcoin." Sailor was taking [ __ ] for his 32 coin self, subsequently buying I don't know how many thousands of coins afterwards.
To me, it looks like his investors, okay, are actually pretty pissed off. But imagine if he if he sold Bitcoin to buy back STRC, like he's cooked. So, that'll never happen, I don't think.
Uh let's uh let's take a look at this uh clip of uh Mr. Sailor here with um who was intervening in the game. Who was it again? Who? Uh we don't we don't get those exclusives over here anymore. That time has passed. Yes. Yes. Unfortunately. Or is it? I don't know. Anyways, let's let's take a listen here.
We didn't really see any negative reaction from our investors. There's there's no credit investor or equity investor that's recoiling in horror at this. We've been talking about this for more than a year and for many many years with a lot of our investors. Um I think that uh I got very very famous for saying you did not sell your Bitcoin to the plebs and on X the Twitter trolls thought it's pretty easy to say the guy that got got the most the most famous guy in the world for saying don't sell your Bitcoin just sold some Bitcoin.
Now, uh they don't really put together the fact that that's advice to individual retail investors and that is not the way you would run uh a Bitcoin finance company that actually exists to buy, sell, and pay dividends on Bitcoin. So, so I think the Twitter trolls like to put together a couplet and everybody's got attention span of about 10 seconds. So, if you can find someone that said don't eat meat and then you can catch them eating meat, then it's always going to run very hard. I think that's why that went viral.
So, how much of your capital market? Okay, I'll stop it there. Uh, I I was I was going to go to Walker, but I'm seeing Joey's. What's he What the [ __ ] is he What the [ __ ] is he talking about? The investors didn't recoil. He's down 30% in the [ __ ] month. How else do you expect investors to recoil, Mike? What are they going to do? Send you a letter? They going to call you, text you, show up on the yacht? Like, what how how else do you measure recoil? That's not to say anything of STRC trading at $88 today.
Is it $88? $88. So, I'll pull it up. So, those So, those guys So, those guys who, by the way, this same dude, okay, said maybe on Natalie's show, I have no idea when he said it. If you're a riskaverse retiree, do you want to park your money in STRC and and preserve your capital? His words, not mine. Preserve your capital while earning a yield. How's the preservation going? To me, that looks like recoiling. I don't know. How else would you Is there another way to measure it? I'm not sure. To me, it looks like his his investors, okay, are actually pretty pissed off. They are selling on mass. And this is the evidence. There's no denying this. These are just numbers.
What astounds me is the is the difference between STRC and uh Strive's product there as well, too. I I always figure that those would kind of trade in lock step, especially because Strive has STRC on their balance sheet. But I'm also looking at the um like the yield, the 12.9 and the 13.7. And I wonder if the yield's actually what's going to converge towards each other that they'll basically have a similar yield between the two products.
What's he got to pull the yield up to to get that back to par? Ah jeez. Well, right now it's effectively 12.9% and it's it's been par, right? That's where that 12.9% comes from. That's if you get back to par, that's what you make on the. No, that's what the No, that's the effective yield right now because the dividend is based at the $100 price. Yeah. So the dividend doesn't change with the. Yeah. Yeah. Right. Right.
Walker, what are your thoughts there, buddy? I don't know. I mean, do do these statements get recanted if it's back at $100 in like less than a month? I don't know. It depends still falls. I I I couldn't tell you honestly. Can he What is the What is the mechanism through which he can get it back to 100? That's what I want to know. Can he buy it back to 100? Because if he can, then I like that to me is like indicative that he's got a larger problem. if he has if he ends up releasing in one of his his quarterlys that he had to buy back STRC to get it back to par, that's an indictment, not a not a message of support.
Yeah. I mean, like, isn't that this one of the whole reasons that they also have started building like a fiat reserve as well? This is like, you know, and again, guys, just buy Bitcoin, get it off the exchange if you're in Illinois before the first of the year, take it into self custody, you know, uh roll roll a bunch of dice, make up a make up a do a geographically distributed multi-IG. Do a a 15 of 17 multi-IG. Keep it simple. Uh you know, make sure you're uh you know, you're tattooing your seed phrases on the underside of your eyelids. Um, and just keep the, you know, no. Um, but do do just buy spot Bitcoin. Uh, or do whatever you want with your money. But like the point is, okay, like I just have to come back to like we can we can all like [ __ ] and moan about like, oh well the price of the stock is down. So yeah, like Bitcoin's down. We all know that MS like we're talking about MSTR. Everybody knows that MSTR is just like it trades with Bitcoin but with greater volatility, right? Are we all in agreement on that?
Yeah, I all of us agree. Sailor agrees. Everybody with the brain agrees on that. It is not a replacement for Bitcoin, right? Like it is definitely not on STRC. It's like, okay, are they still paying the dividend, which is why people are holding it? They're not holding it because they think the price of it is going to go up and they're going to flip it for a quick trade. We agreed on that. Sure. Okay. Are they still paying the dividend? Yeah. Okay. Is Bitcoin still down? Yeah. So, we know why MSTR is down. We know that STRC is still fulfilling its intended function, which is to pay dividends and not to be a quick trade. I just I just don't see the problem.
Well, hang on, hang on, hang on, hang on. I'm tired of your guys' opinion. I've heard enough out of you guys. So, let's get somebody new in here. See what the hell they have to say. Friends of the show, Adam O'Brien jumping on backstage. Adam, I think you heard most of the conversation. We're talking about glasses back on. We're talking about Sailor and his comments and of course getting a little bit of [ __ ] for selling the 32 Bitcoin.
What uh what are you thinking there, buddy? What's going on? Yeah, I mean Joey, you asked what mechanism he has to pull the price back up. I think it's just increased dividend. Like I think I think it's like when the price is too high, he just dilutes to bring the price down. When the price is too low, he makes it more attractive to have the market bring it back up. I don't know if he'll actually buy back shares. Um but imagine if he's if he sold Bitcoin to buy back STRC, like he's cooked. So that'll never happen, I don't think. Um but yeah, I mean I think you guys all said it. It's like it's paper Bitcoin. Uh it's it's not even Bitcoin. It's it's I don't even know. I I suppose MSR MSTR is still it's like it's obviously still uh tied to Bitcoin, but STRC probably actually has an inverse relationship to Bitcoin. I think STRC down is actually good. It it implies people believe Bitcoin going up because there's this inverse relationship between I don't want to hold Bitcoin because I prefer 12%. Meaning in this period of time, I think Bitcoin is going to go up less than 1% per month. But when I think Bitcoin will go up more than 1% per month, probably I'm going to sell my STRC and then buy the Bitcoin. So I think I think STRC down is bullish for Bitcoin personally. I don't know if it's bullish for Sailor, uh, but I certainly think it's bullish for Bitcoin.
I I I would just make one other comment here and then I'll let you guys, you know, run me over with your stupid glasses. But the the thing about the thing about the dividend payment being the key feature of STRC only makes sense if STRC holds at 100. If you lose 12% the dividend doesn't matter. You're underwater on the investment. You need the dividend to be significantly higher. Even you're getting paid a dividend based on the par value, are you not? Yeah. You're getting paid the 12%. But yeah, but you lost more on the value of the equity that you're holding. Yeah. Understood. if you sell if you're like I don't think again people aren't buying it to buy it and sell it within the same month that would be stupid you're buying it to have a cash producing vehicle like a yield generation vehicle for a longer duration of time like think of it like like like a long-term savings account you're buying it to replace your shitty you know 0.3% interest rate from Jeffrey Epstein's banker you're not like you're not buying it for its growth you're not buying it for any of that like it's a fundamentally different value proposition I'm disagreeing, but I hilarious.
I'll just point out that the problem with comparing it to bonds is that the bonds don't decrease in principal value. And so if you run the risk of pre-inflation, okay, but if you run the risk of losing 12% against your principal, that's a risk that you were not told about that Sailor specifically mentioned. People like retirees, for example, you know, in previous media appearances, like do retirees feel like they can do the 12% fluctuation monthtomonth? I don't know.
But they're not flipping it month to month. They're still getting paid the same dividend. The dividend amount is increasing the car value when the price drops. Like I don't know. Like they're not they're they are literally they want the cash flow like because they're old. That's why they have it. You were trying to jump in there. I'm curious your thoughts and then Ben, I want to hear your thoughts as well.
Yeah. I think the there's there's two things that I'm noticing in this market that people are wanting. They're wanting their balance sheet, their personal balance sheet, their net value, their net worth to go up. And they're wanting cash flow to like pay for groceries and rent. And the people that are buying STRC, frankly, don't obviously don't care about their net worth because they are they're literally buying a stock that is guaranteed not to go up. Like the promise of STRC is never goes up. Um supposed to never go down, but it it you know, obviously it does. And sometimes it goes up, sometimes it goes down. It's probably going to go down more than it goes up, but like you're trading that. It's it's it's a high time preference play. You're trading your future net worth in order to have 12 extra percent per year paid in your bank. The other interesting play with STRC is the marginability of it because I'm pretty sure with like 10 grand, you can get 50 grand worth of STRC paying you 12% on the 50k. and and so there's like there's just it's just all fiat games obviously. Uh but I don't know that it's failing because it's going down. I think like I said it's bullish for Bitcoin.
I So what I wonder is again and and this is all hypothe hypothetical. It's all ifs, right? Like Walker you were saying like do we recant if uh you know it's back at 100 in in a month and Yeah, sure. like if if they figure out uh a mechanism or or the market begins to repric it back to 100 then then sure I think what right now the market is pricing in will this product in my opinion I think that it's pricing in will this product continue to pay out dividends over the whatever the time horizon is like seven years or something to get back the principal and beyond like that's I if if it's down 12%. Right? Like how long can because you can buy a share and at the current price and still get paid out the it's pegged to the $100 price point.
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Exactly. So in his mind if he's like, "Oh, I'll make the dividend 15% now cuz it's now it's so low." Then like are you, you know, maybe not you, but like someone's not happy with 12, they're happy with 15. They're happy with 18. They're happy with 22. Like he has that dividend lever to pull and eventually there's going to be net buys versus net sells. I and and right now the dividend lever is what getting close to 13, right? Like it's 12 12 something. Is that right? Where is that? Currently it's at 11.5% if I'm not mistaken. But on a like an like an actual basis because the price drop it's at 12.9 effective yield. Yeah. Yeah. Because you'd be buying at 88 bucks a shares. Oh, because you're you're getting out like $11.50 and the value of the stock has dropped to $88, right? So it was it was 11.5 of 100, but couldn't get 11. Exactly. Yeah. But right now the market is not buying that up. And so the question is how come and it might be that they're factoring in well how long and how depressed could the price of STRC be um with the dividend as is and how high are they willing to hike it and for what period of time are they willing to do that be become before it becomes untenable to do so. Um I don't know like is there a point where Sorry. Go ahead, Ben. Go ahead.
Oh, no. I was just going to say, is there a point is there a point in time where they're just like, you know what, product is not working as intended and you know, but I I feel like that would be catastrophic for Micro Strategy as a whole. So like I I just don't know what happens next and I think that's the market is just pricing that in right now. They don't really know what to anticipate. But Adam, you go ahead. There there's an inherent flaw with with STRC with the MSR MSTR play as a whole which is this big macro flaw which is that it's not intended for Bitcoiners. It's intended for people that want 12% a year in some captured fiat tradi account. However, it is backed by Bitcoin and the second you back something by Bitcoin, uh people associate it with Bitcoin. And the people that want those Trafy things don't trust Bitcoin. And so they're like, "Oh, hey, I get this 12% dividend, but it's it's only guaranteed if Bitcoin succeeds, but they don't necessarily believe that Bitcoin is going to succeed." Because if they did, they would probably just buy Bitcoin. Like like, you know, I've said this before on other podcasts. It's like sailor giving you 12% and then buying Bitcoin is the clearest indicator to just buy Bitcoin because it's like most people give you money or you give most people money because they have some unfair advantage or or or higher advantage like you know you give Elon Musk money because you believe that he can get to build a rocket easier than you can which is like obviously right so you're going to give him the money let him do the work and then hopefully he does a good job and he gives you money back. you're giving Sailor money in order to just buy Bitcoin, which you can just do at bitcoinwall.com. So, it's like I'm not sure why we need to necessarily go through the headache of this of all the gymnastics to just buy Bitcoin. So, yeah, I don't know. There's a tangent.
Joey, you something you want to throw in there quick? Yeah, the um you mentioned the um Strive SATA, was it SATA or AST? I forget what their preferred is. Their dividend uh yielder there. Yeah. And and why they're able to maintain at a dollar and I I'll tell you what they figured out. that Sailor didn't figure out right away and it's that people get out of these these stocks uh at a time that makes sense for they can still collect their dividend and see growth somewhere else, right? So, they gify the dividend so that it's every day. And you know, Jeff Alton puts it pretty well that you kind of park your car in the garage at night, collect your daily, take your car out in the morning, go to the market, come back in at night, and that keeps the stock flat. Now, Sailor is starting to figure this out uh with the semionthly dividend, right? I think they start that this month or next month. He he realizes that he alone cannot keep that peg at 100. He needs the market to also be interested in keeping that peg at 100 and he's got to interest them with more frequent dividends. I I don't know if he's going to go more frequent than that. Um we'll see I suppose what what he ends up doing, but uh he's competing with those guys in a way that he wasn't equipped to. It doesn't matter how strong his balance sheet is. Doesn't matter how many Natalie Brunell interviews he gives. he has to give the dividend every day to keep people in the stock otherwise he risks them leaving and not coming back to to the to the you know idea that he gets 12% uh every month or 13% every month you know he don't forget he has to dilute MSTR to do this right so you know is he really going to crash MSTR to preserve stretch I don't think so his board is pretty clear they don't guarantee the dividend at any rate or at all if market conditions demand and that they protect the underlying stock. So while the preferreds have uh you know a a better hierarchal position against MSTR, STRC and the dividend do not. And he's got a responsibility to the board and to the investors to protect the ST or the MSTR symbol, not the other ones. So you know, he's he's at a I I'll try I'll be gentle with the language. He he is in a unique position that I think he was the you know the guy who broke down the wall to start this thing and other companies have innovated against the biggest problem and now he's going to have to play catch-up to avoid these problems you know amplifying down the road. We'll see if he does it. I don't know if he'll do it or not but uh these are all things you got to consider right when you're investing in in these vehicles.
Go for it. Walker question. Are you saying that his primary mechanism for funding STRC dividends is new issuance of MSTR? No, it's one of them. It's not his primary. It's like the last. That's what I wanted to make sure. That's like the last in the stack before. That's why they have the cash reserves, right? Yeah. Totally. Totally. And that's why they have an operating cash flow business that I think is like what like 500 million a year like 40 million a month or so, something like that. Yeah.
What's the div pay out right now? What's the what? I say what's the dividend payout per month right now? Yeah, it's a lot. It's a lot, right? Uh he's got that to deal with. I think we we talked on the show before about how he's got this like convert wall too. He's up against before 28 I think right this year next year. And is it 28 that he finishes or 28 where he's got zero? I can't remember. But he's he's in a weird spot. The the point I think even even Odell who was the most bearish we've had on the show about MSTR STRC, you know, I think he agrees and maybe we could all settle on this. He's going to get saved by the bell regardless of how bad things get because the price of this the underlying is going to go up. Yes, that's the end of the story. either think if the only way you can think MSTR like STR or let's just say strategy broadly is going to fail and these things are going to blow up is if you think Bitcoin is going to fail for like a long you know like it's just like it's just not happening like it's not and I know like people people like to makes for good clickbait right but it's like look guys like Bitcoin's going to continue to go up and to the right it's been down you know for for a while it's been a great time to buy right strategy certainly been doing that I know everybody was shocked shocked to find out. Everyone's like, you know, how what does he mean he's going to buy more Bitcoin than he sells? How is that even possible? And it's like, well, you see, guys, he he sold some Bitcoin, then he bought more than he sold. It was crazy. No one could have the financial engineering it took to sell a smaller amount, then buy a greater amount. I mean, I can't even fathom the gymnastics that occurred there. Wow. But like, everything's going to be fine. Once Bitcoin number goes up, everybody's gonna just stop bitching about all this. So many things are gonna be stopped stopped being bitched about. Like everybody's just in a we're all everyone's in a weird strange mood right now, you know? It's going to be okay, guys. It's going to be okay.
Walker, what's your thoughts on BIP 110? No. Pivot. Pivot. Pivot. Are we thinking about inconsequential things? Here comes Oh my god. God. You realize what matters in life and what really really doesn't. Jesus. Okay. All right. I know what your thoughts are, Ben. You card. Taking the comments like crazy. Oh, man. Okay. Uh I did want to I did want to uh mention this uh over on Zero Hedge. Uh so uh obviously all of us and actually uh just to kind of lead into this I really noticed um while traveling so I went to the human rights foundation also freedom forum um and and doing like the Bitcoin track and the freedom money track and all that kind of stuff there and then I was also at BTC Prague and I in in being there what I've noticed by and large is that there's a heavy lean into freedom tech which made sense with the Ozo freedom forum. Okay, so like people leaning into privacy and all that but also how to use AI in a non-cocked way basically like how do you do it privately or self-hosted or whatever. Um but I was also interested to see a hard lean into that while in Prague. So, everybody's kind of on this mindset with, uh, the environment we're in and these draconian kind of surveillance, uh, age verification, all this [ __ ] that's coming down. Um, people are really starting to lean into how do we get around this and and it's across the board and it was very prevalent in Prague. So, kind of uh just again an indication of where we're at. Um now in that realm obviously the price of using some of these frontier models uh is heavily subsidized and uh we see that it can you know can get quite expensive if you're using the APIs and everything in the background and people can burn through tokens and that's going to come home to roost pretty quick. Now the interesting thing is the efficiency of some of the open- source Chinese models and there's this weird dynamic where uh the the west is leaning into kind of these closed models pretty hard and paradoxically China is the one that is like leaning into open source models albeit somewhat censored. Obviously, you're not going to be able to uh use like deepseek to look up Tiana Square.
How many Weaguers are in China? Yeah, exactly. Zero. Yeah. Yeah. So, um but the interesting thing here is the compute cost because these Chinese models are quite a bit more efficient. And so, uh this is a chart of the intelligence gap between the frontier models, uh in China and the US. And it's it's closing in. It's about a 10% gap. And so the quote here from Zero Hedge, maybe the most important chart in the world, the AI arms race, the question whether a 10% intelligent gap, which translates into a 90% lower cost, will determine if five plus trillion in capital is being misallocated. Uh I find that very interesting. Uh it's very telling when I go and I'm uh you know doing stuff with the Human Rights Foundation and they're using non-cocked models that come out of China. Uh so I don't know. I I want to get a read on on what you guys are thinking here. Maybe Joey, I'll go to you first. Um
well before that and then I'll pass it to uh to Joey and then maybe then Adam, I just want to point out trying to pull the numbers in the background on the last topic because I was curious. I thought it was the least interesting observation. It appears that the the monthly obligation for all dividends paid out is 132 million per month and it is 40 to 42 that the underlying bringing in. So that it's beyond what the underlying business is bringing at this point in time which I think will cause issues at some point in time. But anyways, I just wanted to get that out there. I wanted to throw it out. Joey, what are your thoughts? And then let's go to Adam.
I have not tried any Chinese models, but these are becoming more and more prevalent. Sorry. Yeah, we've all we've all tried a Chinese model or two. 've all seen we've all seen them online but haven't uh haven't gotten around to trying one. You know, the uh the thing about the the open models is that one thing I think we're all finding, I won't speak for you, Adam, because I I haven't talked to you about it, but the four of us, I think, are finding is that you can actually use the lower end lower thinking intensity for Claude or for Chad GPT. And because I would say like what is it 90% of people are using it for stuff that we're using it for or less intensity, less focused, you could probably get away with that. So you're talking about significantly less monthly cost, significantly less token usage, uh token burn, and a very similar result. It's hard for me to imagine that once the Chinese models go mainstream, a bunch of people in Canada, the US, Europe, who don't care about privacy at all, who don't care about data mining at all, as evidenced by the stuff we see going on uh in terms of like, you know, data collection, encryption breaking, all this nonsense happening here and abroad. Why would those people not just go to these other models? I also think, you know, because the media has done such a good job of villainizing guys like Altman and Amday and their, you know, foot soldiers in big tech, whether it's Sachs and Chimoth or whether it's uh, you know, Kevin Oolir on CNN talking about data centers, like these guys are all on the wrong side of the zeitgeist at the moment. So, if a Chinese model came out and you didn't know necessarily about all this data collection or mining or or censorship, I mean, do you care if it tells you why your dog brings his first piece of kibble out of the room to eat it? What What do you care? You don't give a [ __ ] about anything that I mentioned earlier. It's cheaper. It's faster. I think you're going to see this more and more. Not to mention that, you know, people don't give a rat's ass about like what's going on in China. We see this all the time. Everyone's buying Nikes and phones and whatever. all the things that would normally discourage you don't seem to apply for this. So I I expect the the proliferation of these things to be significant especially one last thing as the cost of the models that everyone uses keeps going up and the quality degrades like what what's keeping you these things right the only thing keeping you there is that maybe you're relying on one company for all your work and all your histories there but I mean the the four of us five of us if I had to move to another model I could write a knowledge transfer document with claude to do it wouldn't take me that long you know that's confident people are going to move. I think this is a it's something that the the big wigs and big guns are going to have to tango with pretty soon.
Adam, I'm curious your thoughts. Yeah, we're So, we're building a bunch of local models right now. Um I've got a super machine sitting beside me in my in my mess and it's going to be all local. I I don't love the I I think like harnesses like OpenClaw are just where it's at because you just swap models in and out. Like building anything inside of Claude just locks you to Claude. Um, I think being able to swap models is is the most important thing that you could possibly do. That's I think that's that's the biggest problem the big AI giants are going to have is what Joey just said. It is so easy to move from model to model. And especially if you just build everything inside of an open claw or a Hermes, you know, harness, if you want to call it that, it's like just literally click two buttons and then change where change the brain that is accessing it. Um, I've been playing with these Chinese models as one does for the last month or so and I don't know, maybe I'm not like building enough things or building, you know, hard enough things. My me and my Chinese models don't build hard enough. Um, but uh it's it's been fun. Like I haven't noticed this extreme lack of ability to reason or or ability to.
What trade-offs do you notice, Adam? What trade-offs do you notice, if any? Well, building locally is just different than building with cloud models. Like I, you know, it just takes longer for the most part. Um, thinking uh it's clunkier. It's I mean, what is the difference between using a Coinbase account and and making a Bitcoin wallet with, you know, a cold card like it like it's just harder to set up, generally less userfriendly because it's more reliant on the user doing things that it wants to do. Well, dude, actually I was listening to the All In podcast the other day. They're advocating for KYC on these like it's it's absolutely asine to think about KYC for access to data. It's it's petrifying, man. And and and you know the like Claude showing their hand um recently with all this fable nonsense. um you know go all their prompts what is it prompts for 30 days are held or something like this and then they're they were in the back end changing changing the prompt to give an answer that it thought was better like censorship is here it's it's out in the open wide open like if you don't control the data that you get you're cooked completely and it's not an accident that these cloud models are easier to use it's it's like take some ownership have some self-custody of your of your information and and like make it better.
Yeah. I I I just wanted to echo there again, Adam. I think I think you're dead on when you say where it's at is is having a local agent that you set up and then pointing to whatever model you like. And that can be local, that can be cloud, but you can also utilize cloud models privately. Um there's uh the a bitcoiner actually two different bitcoiners built different uh cloud options for things like that. There's ppq which is like pay per query ppq.ai I believe and the other one is is maple and both of them have APIs where you can plug into and you can use things like deepseek and all of these other uncensored and they even have like a classification as you go through all the options. It'll have little notes of like this is private, this protects your privacy or this is, you know, it it gives you a little classification there. And you can also default back to something locally run when it's less intensive. So you can actually kind of tailor these things to be uh a mix of very very efficient in terms of if it's simple do it locally and then when you need some heavy lifting yeah point it to you know something like Maple or uh over at PPQ and use one of those cloud models that is going to be able to do the heavy lifting um and still be private because again the writing's on the All everything that's been happening with Anthropic, the idea that the again the all-in guys being like, "Oh yeah, let's everybody's leaning into throw some identity on there. Yeah, let's KYC literally everything." And that they want to do it with the entire internet. The coordination with all of this stuff all being passed all at the same time for the age verification is very very telling. Uh so yeah. Yeah. I mean people got to learn how to how to do this stuff on their own. uh because otherwise the that database of your queries uh is going to be held uh somewhere and you're going to be on a list. I mean we're all already on lists but uh some of the people in the chat may not be yet.
This is the whole thing though, right? Like you've got to connect these threads and sessions. You just set that up really well. Like this is none of this is happening in isolation. This is all part of you know and you can say like oh you can't say it's the plan, right? like, you know, nobody's coordinating all this. Okay. Uh but but like take a step back. Sessions brought this up as well. The under, you know, the under 16s laws to to protect the children and give them back their childhoods. Gosh darn it. Meanwhile, they're being systematically, you know, young white Christian girls are being systematically raped by Pakistani Muslims on mass. But join the show, friends. ID. That's what's really like this is the thing. I'm not going to digress there. Uh we the atrocities happening in Great Britain. We might need to invade them soon just to liberate the people uh from their their current invaders. But I digress. The point is I'll I'll keep this brief and to the point. All of this stuff is connected. Like this all this all this stuff is running in in in parallel. You've got access, as Adam said, like access to information. Like this is basically saying we need to be KYC to do a Google search. That's the essence of what this is saying, right? It's a a slightly more sophisticated Google search. We need to KYC you for it. Obviously, they already have your credit card info, whatever else. They can figure out who you are, right? Not that hard. But tying your government ID to it, that's a whole another that's a whole another thing, right?
And also letting the government know, having instant data sharing. So the government can query that database and find out exactly what people are saying and what they're what they're researching. Uh then the other part is obviously the age verification laws like any sort of social media ban based on age. They're not IDing anyone who's underage cuz by definition being underage you won't be able to your ID won't work. It's only to get the IDs of everyone else. It's to dean anonymize the internet. That is the point. To dean anonymize access to data. That is the point. They will take this to VPN providers. you know, self-hosted VPNs are probably a good thing to start playing around with. They will take and there are some really great VPN providers already. If you can pay in Bitcoin, like no KYC there, you know, you should use those, but like self-hosted is another way to go, right? Like CBDC's are the end state of this, right? being able to tie all this dean anonymized internet usage, all of your meat space identity to tie that to all of your internet traffic on social media on AI, you know, use of AI models, tying all of that to the money that you use and being able to turn it all off with the flip of a switch, right? That like that is the ultimate goal. That is when the ponopticon becomes complete and becomes more actionable in the UK. Like you're already it's just it's so Orwellian's not even fair because Orwell couldn't have seen how [ __ ] up this was going to get. Like there's there's more of a punishment for tweeting about the atrocity that was committed against a family member than there is for the person who committed the atrocity against a family member. Like it's just so incredibly backwards. It's like it's insane. But the point is that all this stuff runs together. All of it runs together. It is not a coincidence. As Sessions said, it's all happening at the same time. And I don't know, be aware and I don't maybe check out Sovereign Sessions, you know, which I brought it back home.
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