S2E14: Stop the Stablecoin CBDC Trojan Horse

Yo, they built a vault, call it BSR Bitcoin reserved, but it's built on a scar Silk Road fell, forty-four free K, PTC snatched Oobrith got life, why the feds got the stash? Genus Act passed, Senate's on the move Digital tyranny, they got something to prove yeah hail to the thief they stole our dreams bitcoin reserve built on our screens I was anal confidential layers the key btc eve bc's private now we free

Trump's in the game, sixty-nine K more Zong's fifty K, Diffinex ninety-four Civil asset theft, they stack their hoard Sacks in a lair, PayPal's old sword Stablecoins track us, Tether's a spy But Zeno's got us, confidential, we fly Hail to the thief, they stole our dreams. Bitcoin reserve built on our screams. High with Zeno, confidential layers the key. BTC, EBC's private, now we free. They watch every move, dollars a snitch,

tether, USDC, they making me twitch. Civil theft, they seize what's mine, but Zeno's my shield, confidential's divine. Hail to the thief, they stole our dreams, Bitcoin reserve built on our screams. Hide with Zeno, confidential, A is the key, BTC, E, BC's private, now we're free. Hail to the thief, but we'll rise again. Crypto's our fight, we'll break the chain. Freedom's the goal, we'll make it true. Xeno, confidential, we'll see it through.

As a technocrat, let's dive in. In the early twentieth century, a movement began to develop around a political theory known as technocracy, a system wherein management of governments is handled by technical experts, technology-focused solutions. often involving Early proponents of technocracy claimed that the concept would lead to better management of resources and the protection of the planet. However, this system of governance by technological experts and their technology would also involve a loss of privacy, as well as centralization of power and the management of all human behavior. Although the term appears to have been largely forgotten, the technocratic philosophy

and influence can be seen everywhere in our modern digital world. Already beginning to arrive auditorium where a large at the huge civic receptive audience turned out to hear Howard Scott as he warned of an impending crisis in America's domestic and foreign affairs. One of the most influential proponents of technocracy was a man named Howard Scott, a writer who founded the Technical Alliance in New York City in nineteen nineteen. Scott believed that business owners lacked the necessary skills and data to reform their industry and thus control should be handed over to engineers. The technocrats publicized their vision of a centrally planned world via books, speeches,

clubs and political parties. This resulted in a brief period of popularity in the US and Canada and the years following the Great Depression. As politicians and economists searched for a solution to the financial calamity, the technocrats imagined a world where politicians and business owners were replaced with scientists, engineers and other technical experts who would manage the economy. However, in the nineteen forties, mainstream interest in the technocracy movement seemed to dissipate. The ideas that underpin the technocratic vision endorsement in nineteen received the notable seventy when political scientist Zbigniew Brzezinski released his book, Between Two Ages,

America's Role in the Technotronic Era. Brzezinski will be familiar to long term researchers of the ruling elite. Until his death in twenty eighteen, Brzezinski was a diplomat who ran in the same circles as David Rockefeller and former Secretary of State and accused war criminal Henry Kissinger. Brzezinski served as advisor to several presidents, from Jimmy Carter to Barack Obama. He was also a member of the Atlantic Council, the National Endowment for Democracy, and the Council on Foreign Relations. Although Brzezinski's book Between Two Ages substituted the term technotronic for technocratic, the depiction of the future is the same, a world in which the scientific and technological elite

centrally plan the lives of all humanity. Brzezinski's vision is a Essentially, technologically advanced authoritarian-style collectivism wherein individual liberties are subordinated to the apparent needs of the collective. When we examine the world of twenty twenty-five, we clearly see the signs of technocratic influence. For example, we can see this influence in the wealthiest companies and the most influential CEOs. These individuals are running companies that have amassed large amounts of financial wealth as well as unfathomable amounts of digital data on all of their customers. From Jeff Bezos at Amazon, Bill Gates of Microsoft, Mark Zuckerberg at Facebook,

Elon Musk of Tesla and SpaceX, we can see the technocratic ideology. These men and their colleagues in various technological industries wield immense power through their companies, wealth, and cultural influence. These individuals have enough money, resources, and connections to shape elections, geoengineer the climate, and cause dips in the stock market, to name a few examples. They are the technocratic class of you

from silicon valley to the spanish shore fighting for freedom but they want something more ten months in prison just for speaking his mind now they're coming back trying to leave him behind Most corrupt case that you ever saw. They can't silence the truth.

They can't change what's right. Bitcoin Jesus showed us all. How to stand up and fight. Free, free, free Roger Verde. free free roger now hired the best lawyers did everything right still they raided offices in the dead of night used his own compliance as evidence of guilt now his freedom hangs on Speaking truth to power

comes with a price But we won't let them sacrifice They can't silence the truth They can't change what's right Bitcoin Jesus showed us all How to stand up and fight They come for all Either stand together now Or watch

freedom fall They can't silence the truth Bitcoin Jesus showed us all How to stand up and fight Free, free, free, free

All right, good evening. Welcome back to The Aaron Day Show. This is season two, episode fourteen. It's been a long day. We didn't have a show last week. I was still recovering from the fast, and so quite a bit to go through, This is a very timely and actually. important episode. As you know, I've been covering CBDCs for a couple of years. But in particular, the last big article that I wrote for the Brownstone Institute was focused on the issue of stable coins as a backdoor CBDC. This is a real serious problem. And I can't express clearly enough that the threat of

digital tyranny through programmable digital money is ten times worse now than it was a year ago. even though the majority of people think that because Trump reversed Biden's executive order because he came out and explicitly said that the sign of executive order against CBDCs, people think that we're safe. This stable coin situation is much worse than if we had implemented a CBDC directly. And I will explain specifically why. But the too long didn't read of this is essentially that while Biden was great at lawfare, He sucked at implementing technology. He sucked at the implementing of the CBDC.

But with stable coins, stable coins are already popular. Stable coins already have a lot of adoption. So what the government is doing is they're using the legislative process to construct a scenario where essentially the government is going to end up taking control over the stable coins through legislation, not that they're going to be running the stable coins. but they're going to control the essentially censorship aspect of it. requirements are going to All of the reporting put up a whole bunch of barriers so that in essence, only large regulated financial institutions can run it. Well, if JP Morgan is running a stablecoin, it's no different to you and me. from the Federal Reserve

running it from the standpoint of the tracking, programming and censorship of the money. So this is a serious problem. And the bill is in front of the Senate now. This is the Genius Act. It failed by one vote, but then they revived it. And it seems very clear that they have the votes. So it looks like. as early as August, September of this year, this legislation is going to pass. So I want to talk about the implications of this because this is kind of a DEF CON situation because just as the US is doing this with stable coins, we have a scenario where the rest of the world is saying, hey, if the US does this backdoor CBDC, then what that means is the digital dollar is going to

be the global reserve currency. And now they're all trying to play catch up to the point where the eu is talking about now launching a digital euro a cbdc eu cbdc as early as october of this year so this has basically just accelerated the race forward everybody loses if CBDCs and stablecoins, backdoor CBDCs are implemented. And so we would not be moving at this pace if the election had a different outcome, which isn't to say that I'm supporting a different outcome. But what I am trying to say is the complacency has to stop. And more importantly, we have to immediately start moving to alternatives. Now, the good news is and the other part of this talk is going to be

there have been so many developments within the Zeno ecosystem just in the past ninety days that Zeno is now ready for for prime time in terms of actual mass rapid adoption. So there are solutions to you know, government regulated transparent stable coins. For instance, a privacy stable coin called Freedom Dollar on Zeno. There is already now a peer-to-peer marketplace online where you can sell things through Zeno. A lot of other developments in terms of new wallets and new exchanges being added. So now is the time where we can actually start talking about working together to focus on actual adoption, on people using and

adopting these technologies for day to day commerce, for peer to peer transactions, because that is the only way we are going to defeat these centralized solutions. And so so I'm actually probably more excited now than I was even when I first learned about Bitcoin. because the tech works and the people around this ecosystem are actually focused on the right thing there are principled people that are dedicated to decentralization they're dedicated to censorship resistance they have a long track record at doing this and so this isn't a like hijacked situation like bitcoin where some people it turned out just wanted to be technocrats or wanted to become bankers and are perfectly fine with

hobbling the technology and having it be completely transparent. This is not the case here. This is all of the people that thought Bitcoin was going to be the solution to central bank tyranny are starting to kind of consolidate around this and put effort around it. And I think that's really encouraging. Part of going into that. So two weeks ago, I did episode thirteen where I broke the forty day fast. I mean, to be honest with you, I don't even remember a lot of that episode. I was in Amsterdam. You know, you may want to listen to the interview. I haven't had time to do clips or anything, but I mean, it was rough. It was really rough the last couple of days. And then I ended up having

to do four talks. in amsterdam which is not the right way so breaking a forty day fast and then pulling two consecutive all-nighters and doing four four talks and then having to fly back um on an international flight I do not recommend that so that that so I actually spent most of last week recovering because I didn't really do any recovering from the fast. So I actually had some issues with some electrolyte imbalance, even though I, you know, I was staying on top of my electrolytes throughout the fast. There were a few things that weren't quite adding up. So it took me a while to, I had cramping, I had weird stuff going on. I, you know, I was not able to like the, my mind body connection was

a little bit off, but uh that's that's now you know resolved I mean I think my my kidney function is the only thing left to be fully restored but everything is is on track to where it should be but this is it's it's been a little bit of a little bit of downtime so I encourage you to look at that and watch that episode and and by around september I'm going to be completely pivoting what I'm doing with daylight and my approach in general, which I had mentioned. I mean, it's not gonna change a lot of the immediate things that I'm working on other than to say, I think the one The one conclusion that I've come to is trying to win or change perception in the public sphere is a waste of time.

The only way we're going to get through this is to help people wake up to the fact that they are programmed and that they are in the matrix and to teach people how to recognize that, how to understand that, how they've already been programmed and let that go and to start to be able to exercise their own free will because unless you're dealing with people that are actually engaging in their own free will all you're really doing is you're playing around in this fifth generational warfare where you're trying to tell somebody else what to think while somebody else is trying to tell somebody what to think I don't want to tell somebody what to think I want to help people become

uh you know agents of their own life and to be able to exercise their own free will so I'm going to be focusing on a lot of things related to that and if you've heard me talk about this before I've spent the last five years kind of going down this entire rabbit hole whether it's fasting or meditation or actually a whole variety of techniques and before covet hit you know when I dropped out of political activism that was actually the direction I was heading in it wasn't until covet hit and then I realized that that actually cbdc's and technocracy are a threat to free will itself which is what caused me to kind of go down this path of in particular fighting cbdc's so I'm

still going to be actively fighting and doing everything that I can until Roger's free. And along with trying to help people reclaim their free will, I'm still going to continue to work on developing these parallel systems that are outside of the existing systems. But I don't really want to wade into, I mean, I haven't voted since twenty eighteen, even though I ran for president, I haven't voted since twenty eighteen. And I do not have any hope for the political process. I haven't for a long time. I've tried to talk to people about You know, starting over from first principles and all this other stuff. everybody got so caught up And, you know, in this white knight stuff

and Trump is going to do this. And I mean, look at look at where we are. You know, Doge failed. Elon dropped out. This big, beautiful bill is going to add thirty trillion dollars, according to Thomas Massey, to the debt in the next ten years. I mean we're not making any any progress government's not the way but more importantly the problem that we have isn't lockdowns it isn't vaccine mandates the the real virus you know as mark passio would say is that we think that we should see our authority to somebody else that we should allow anyone to make these decisions for us and we should not we shouldn't be asking permission or forgiveness We should be taking control from anyone. of our own lives.

around the periphery of So I don't even want to play dealing with this other stuff. It's just it's a complete waste of time. And actually, I can feel it energetically. It's just whenever you engage with it, it's just like, you know, you walk away, you know, kind of disgusted. But but people really can. You can just make the decision of I'm not going to listen to public health anymore. I'm not going to engage in these systems. I'm not going to use fiat currency. I'm not going to watch television I'm not you know you can you can make that decision in literally an instant and then that frees up energy for everything else now it's hard to get people there um and this isn't like something that

you do at scale but I would argue one person who's realized that they are being programmed and that they've been programmed, that becomes aware of that, begins to address the programming that's already happened and to take control of their own free will. One of those is worth a million of, kind of the people that are kind you know, of stuck in the matrix. I think it's actually that profound. So more on that, but I'm going to spend the summer kind of working through that so I don't have anything that I'm going to present on that today but I've been thinking about it and doing things around it personally for quite some time and actually you know I mentioned in the video that

I every time I do a fast I have a profound you you have profound revelations because you are so present for such an extended period of time that you can't help but to really think about and question everything around you, the nature of reality and everything else. And so the most important thing of coming out of the fast is just, okay, what do you do with that information? So, I mean, I'm wearing these glasses. These are blue blockers, but I'm going down kind of a whole new path. You know, I like some of the stuff from Dr. Cruise. that fits into some of the other stuff that I've been doing in terms of changing diet and everything else. And so I will start sharing what's going on with that.

And I'm gonna give you as one tip, I get up in the morning every day and Make sure I go outside and actually get into the sun and look at the sun because you want to actually get and not wear sunglasses so kickstart your circadian rhythms. that you can actually I've realized that and looking at a lot of this research, you know, this whole blue light phenomenon that we have. And I just shared a post on this. You know, they've convinced us that. we need to stay out of the sun and put carcinogenic sunscreen on our body and the opposite is actually true we don't get enough sunglasses either because sun we shouldn't wear the light hitting our eyes actually triggers uh you

know kind of a reaction and tells our body that you know yeah we're lined up and we're synced up and there are other chemical reactions that go on with this and so Along with some of the other things that I had previously said about how we've been lied to about nutrition, we've been lied to about a lot of other things. And so I'm making a lot of adjustments every day and I'll share as I do these podcasts kind of a new thing every day. And at some point I'll document it more efficiently. But every day I get up and make sure I'm out. when the sun rises and and then when I'm done with that eat a meal that's you know almost entirely protein and I'm making a whole bunch of other tweaks

so I'll share how that's how that's going um but I do like the concept whether cruises stuff is a hundred percent accurate I I don't I don't accept anything as a belief system so I'll entertain something I'll play around with it see see what happens. But to me, I think one of the big takeaways is I do gravitate towards the idea of quantum biology. I actually think our medical system is so broken at a profound level that it's based on the whole idea that we're essentially meat puppets, that we are these deterministic, materialistic creatures. random control trials themselves the idea behind this is well we're going to test somebody in a clinical setting to try to strip away all of the other

variables to see if this intervention works but but that's not how we work we're all energetically interconnected and and the environment that we're in matters probably more than anything else. And so we try to like strip away and screen that away. I mean, it's Newtonian physics. Essentially, we're using science from the eighteen hundreds, even though quantum physics came about in the nineteen twenties. It's not exactly brand new science. And then there's a whole field of of quantum biology, previously experimented with. which I had already And I have a bio well and some other things, but like I actually completely discount the entire basis of modern medicine, because when you look at it,

none of this stuff works. I think less than five percent of I mean, drugs actually cure anything. And that makes sense because essentially we're in Plato's cave where people are like treating the shadow instead of they're treating the lower vibration matter instead of addressing the higher level energetic issue. And this ties into a lot of other ancient practices. And so anyway, I'll share what I learned as I go along and And again, you know, I'm not saying that I'm an expert. I am saying that the people that are experts are explicitly full of shit and they've been indoctrinated with bad science and a bad approach. But that doesn't mean I know what the answer is. It just means that I think

we ought to start looking for different approaches, and we really should approach decentralized medicine. Centralized medicine is a horrible idea, and it doesn't matter if it's RFK Jr. I mean, I'll rag on RFK Jr., but it's not because I necessarily have anything wrong with RFK Jr. Nobody should be in charge of centralized medicine. I mean, it's twenty twenty five. There is no excuse to have a situation where you have a panel of bureaucrats selected by politicians that set the entirety of the ranges of what is possible for scientific experimentation. It's a ridiculous idea and it's failed. So anyway. Moving on, there's a whole bunch of other updates. So this was a little bit of a surprise.

I wasn't originally planning on going to Freedom Fest, to Freedom Fest in a pretty big way. but I'm going to be going They're expecting two thousand people at Freedom Fest, which is going to be in Palm Springs. I've been to Freedom Fest a number of times and The last time was like ten years ago, but I guess it's changed quite a bit. It's going to be a massive, massive turnout. And so I'm going to be doing two things. I'm going to be running two tables. There's a team coming. So my wife is coming. Dan O'Neill is coming. George Johnson is coming. We're going to operate two tables, one in support of Roger and another in support of Zano and Ecosystem. So basically everything that I've been doing.

talking about so I'm there kind of advocating for him I'm not a surrogate for him I'm I'm actually just doing as I have been um kind of going out and try to continue to raise awareness I'm going to have a keynote speech that kind of is on all of these topics in fact tonight's presentation is kind of a a warm-up for that it's a pretty important speech I mean not that All speeches are important, but this one's, you know, particularly important because of the size of the audience. And I may even be talking, you know, in close proximity to when Ross Ulbrich talks. So I want to make sure that I put my best foot forward on this. But I encourage you to to attend if you can in Palm Springs.

That should be a very interesting event. And we're going to be doing a lot of hands on stuff with with Zeno and Zeno projects, which I'll talk about later. and so if you could make it that would that would be great um and again ross there but also um also then olbrich is going to be we have pork fest which I am beyond excited about I just did an interview with eric brakey the president of the free state project uh you can you can check that out um and I you know what I have a I have a video let me I'm going to it looks like I forgot to copy it over let me I'm gonna while that's copying over I'll just

I'll just talk about what's going on with this event. So it's, you know, again, it's Monerotopia and Doug Tooman and I are co-hosting this. And so the whole Monero Con event, which is in Prague, is going to be live streamed to our tent. So you're going to get all the best developers like Luke Parker and all of the things that are happening with Monero. But we also have as sponsors, we have Zeno and Confidential Layer. And so there's a team of folks coming from Amsterdam, from Zeno to come out. Sal the Agorist is coming out. We're doing a talk on Thursday with Steve Patterson about hijacking Bitcoin. Joel Valenzuela is going to be on that panel. He's going to do a talk.

We're still in the process of finishing the program, but it does look like we're going to have just a huge critical mass of OGs and a lot of workshops and people are going to be actually using these technologies hands-on. So I think that this is going to be probably the best pork fest ever and one of the reasons is and this was just announced um ross olbrich is going to be there and uh that is phenomenal news that just came out today I am going to it's not the right format let me see if I can figure out how to make this work I'm going to play the video kind of preview about this so let me see All right, see if I can get this to work.

Bear with me one second. OK. Let's see here. let me let me try this and see what Well, happens.

All right, here we go. Thank you.

This case will impact which way we go and what kind of future we're going to have. Free Ross! Free Ross! Free Ross! This is something very real at stake here. We're talking about Ross Ulbricht, who is the person who's sitting in a prison cell. He's been sitting in there for over two thousand days. We are Ross. I will immediately investigate this when I become president. So...

So that is really exciting that Ross is going to be there. So I hope you can make it. And again, if you want that, you can get a ten percent discount on the tickets with using the discount code free Roger. And so, you know, I'm still hoping Roger might be able to join remotely, but it doesn't I mean, you know, it looks like the timing isn't working out so well. So I don't know what I have no idea what's going on with the process, but I'm not entirely sure he's going to be able to make it. So fingers crossed that something happens. I don't know if any of you are You know, watching this. I will go on a little bit of a rant, but watching this Bitcoin conference, you know,

I am really grateful that Lynn is there and that that Ross is there. And that's exciting. And I know there's some good people there, but I've got to tell you what I'm watching. these talks, I mean, I'm watching Cynthia Loomis there giving a speech talking about how generals in the military are excited about the Bitcoin Strategic Reserve and watching the stuff that's going on here. I'm thinking to myself, none of this would be happening at this scale at all. Roger. And I didn't see a lot of people. I didn't see any proper recognition. I was kind of hoping maybe they'd announce a pardon or something at this event. I mean, how can we talk about leading in Bitcoin and leading in

crypto and have this Biden era, egregious lawfare, worse than against Roger than anyone else. He's been in Spain now for, I'm trying to keep track, like, three hundred and ninety-five days, three hundred and ninety-six days, and everybody's sitting there celebrating all of this. Yeah, the government's buying this, and, you know, the generals like it, BlackRock likes it, and everything else, and it's just, you know, the guy who helped build this and promote it as an alternative to central bank tyranny is sitting there silenced in Spain. It actually kind of pisses me off, which is a bit of an understatement. But nevertheless, we're going to continue to fight on and I do think

that he has a really good shot. I think this is just the slow process, the DOJ. I just saw today that Binance, the case against Binance was dropped and that's great. I cheer that on. I cheer on all of these cases that have been thrown out by the SEC and the CFTC and that's terrific. It's just the DOJ has been bottlenecked. And so Roger and Ian Freeman and Roman Storm and all of the Tornado Cash guys and the Samurai Wallet guys, I mean, all of these cases need to be thrown out. these are people that were leading. I mean, in crypto, like the true leaders. And, you know, and when you dig down and look at what they were doing, they were they were

promoting freedom or promoting, you know, an aspect of the Constitution, like the Fourth Amendment with respect to privacy. And, you know, these cases can't can't continue to go on. But I'll still give the administration the benefit of the doubt and just chalk this up to to there being kind of a cue, but I, I, you know, it's hard for me to be patient with these things. Uh, but nevertheless, uh, you know, we'll just continue to do what we can. And, uh, you know, and I trust that I know Roger has good people and I have no idea what, what's actually going on behind the scenes for all I know, we'll find out that tomorrow he's, he's free, but you know, as frustrated as I am I

can't imagine what it's like being him every day imagine being roger and watching you know I mean some of this stuff you know that the panel was cynthia loomis and then the the other guy the the other politician with his dog I mean this stuff looks like a scene out of idiocracy actually it's worse when you hear the words that come out of their mouth and so you know this entire time roger's voice is not been able to participate in this and that's to the detriment of everybody, including the country. So anyway, that rant over. I'm announcing that, so I'm part of something called the Agorist Cypher that I wanna make you aware of. You can go to agoristcypher.com. This is a paid newsletter,

but it's me and Sal the agorist, John Bush, Derek Brose and a few other people. And we're basically writing unique articles that you won't find anywhere else once a month. It's like eleven bucks a month to join this thing, but all focused on the idea of of agorism and counter economics. So I'm you know, I'm honored to be a part of it. I have a lot of respect for all of the other people that are writing this and putting this together. And I think this is really important content. As I said at the beginning, I'm definitely out of the political system. I'm a huge fan of agorism. I think counter economics is the way to go. I'll tell you my first article that I wrote about was about fasting.

It was called Fasting for Freedom. And there's maybe a paragraph in there about the fast, the forty day fast for Roger, but it was really more about how fasting is a great way for people to, I mean, if you're an agorist and you're interested in taking control of your own life, one of the problems with agorism, one of the things that's difficult for people engaging in counter economics is the power that big food, big pharma, and the fiat currency has, central bank currency has. It's hard to break out of those systems in particular. And so my article is really how fasting can be a gateway to that. And so I'm looking forward to reading what the others wrote. And I encourage you to check

that out at Agris Cypher. And there's a discount code for A five percent off. It's Aaron five lowercase aaron five. So if you want to Check that out. Let me know what you think. But I think it's a great it's a great concept. And I really hope that now that people are seeing that, you know, I mean, I wrote today, it's like Elon Musk just figured out that it's easier to figure out how to get rockets to Mars than it is to convince an all Republican government to reduce spending. I mean, so at this point, even if you bought into the you thought these guys were white knight stuff, going to do it. Remember, shut it down and all these chants and all this other bullshit. None of it happened.

It's over. So then what are people doing next? And I honestly don't know. I mean, a lot of it is just cope. A lot of people are sitting around. making a lot of excuses I mean I actually joked and I know it pisses a lot of people off but you know I watched this show yes minister and yes prime minister which I highly recommend but there's like a list of just phrases rome wasn't built in the day we need to study this and you know there's like a list of you could do a bingo card of all the common excuses but at the end of the day government just continues to grow the tyranny continues to expand and so i As I said, I'm more interested in finding people that are serious about taking direct action,

changing their own thoughts, their own actions, their own emotions, taking their free will back, taking their agency back. Those are the people that I want to hang around with. I don't want to get weighed anymore into these. these public debates other than to maybe occasionally put something out there that maybe is someone sitting around looking at this saying, hey, yeah, I gave this a shot and this isn't working rather than go into a complete pit of despair. If you can just let go and stop putting your energy into this failing thing, it opens up your energy to do literally anything else. And I think agorism and counter economics is one of the best things that we've got going.

Just some other things. it looks like Roger's motion to Again, dismiss hearing is on. So that's June the twenty third at one thirty p.m. in Los Angeles. So that's specific time. My wife and I are going out there. We're going to be flying out right after Porkfest. And so we're going to be in attendance. I hope you can make it. I hope we can get as many people as possible. One of the things that we can do. you know showing support really helps I mean honestly there are a couple things about this when you look at you know the doj wanted to send a message they wanted to shut roger up and again this was under biden right so they wanted to make sure that the guy that was the most

successful at spreading peer-to-peer digital cash around the world was silenced so that they didn't have any competition when rolling out their cbdc well we have a different administration now But, you know, I have noticed that seems to be this tendency of even though, you know, they might have run on drain the swamp. Once the person gets into these positions, the head of whatever department it is, somehow like they take on this idea of, well, this is my turf. So I now have to defend these people, even though you ran on the idea that you were supposed to reform. So, I mean, I don't know. This is one of these things I don't know. where even though there's new leadership,

they feel like they have to save face. It was weaponized lawfare and he was targeted because of Biden's CBDC policies. Trump has reversed all of that. Let the guy go. I mean, it should be just like with the January six protesters. Just let this guy go. And so showing up at the hearing, makes a big difference and you know watching lynn ulbricht and you know I'm I to be in a panel with her look forward to I'm going at freedom fest I think she's phenomenal she's to me she's an inspiration because she shows that if you actually care about something and you don't stop you just refuse to

quit you can pull something off um and and now she's actually started an organization to continue to do this. Mothers Demand, I probably screwed that up. I'll get the right link and I'll put it into the next show. But she's going to be doing this and helping other people. And so if we keep up the pressure, then Roger inevitably, one way or another, will be free. It's just a matter of how much time it takes. And, you know, protesting at Ross's trials, there was a lot of obviously the six hundred thousand signatures, all of that added up, all of that made a big impact. So if you can show up and

in la or if you know somebody in la that you think might be interested please pass this along I want to pack the courthouse we did this with ian too roger actually helped with that he helped promote ian's sentencing hearing and there were so many people at that hearing they had to have an overflow courtroom for people to watch the hearing on closed caption tv so we should do the same thing for roger and just keep keep it up so that the doj knows not to do this kind of frivolous lawfare in the future and they realize that not only are they going to lose but every day they're going to look worse and worse you know trying to weaponize the law to stop free speech

to stop innovation doesn't work so Please participate if you can. And again, as always, if you're watching this, you've probably already signed the open letter, but if not, please go to freerogernow.org and sign the open letter. Let's try to get some momentum on this signature count. Again, it's another proof point that this matters, that people are concerned. And then ultimately, depending on how long this draws out, it means votes. I mean, realistically, I think at the end of the day, Part of the way Angela McArdle at the Libertarian Party was able to put this over the finish line is Ross had over six hundred thousand signatures. it's a presidential election. Well, I mean,

So if you can siphon off some percentage of those six hundred thousand people, I know I endorsed Trump solely on this issue. And I was very explicit about it wasn't anything to do with the other policies, but that in and of itself The fact that Ross is now free was worth the endorsement. I know many other people made that same decision. And so we want to make sure we build that kind of momentum. What can't happen is until this is done, we have to keep this top of mind. So this is why I have a whole bunch of stuff programmed and memes and everything. So every day, two, three, four posts go out on various accounts. related to roger I've got stuff on tick tock and everything else and a lot

of it's redundant and I have it on repeat but you know most people don't see only one percent of people see any posts based on some random algorithm anyway so it's not it's not like people are going to get saturated but it helps uh because you don't want to let the momentum die down and that's the thing that lynn that lynn said you know don't forget about ross we can't forget about ross that was her big um her big appeal and her to to the audience and and you know we didn't people didn't and and in the end she prevailed and ross was free so we'll do the same also Let's not forget about Ian Freeman. Please go to freeiannow.org. Ian's serving eight years for made-up charges.

Once again, it was a complete case of entrapment. I was radicalized by his sentencing hearing just because – I mean, look – Obviously, I know that the federal government is not our friend, but there's something about maybe even you still hold out hope that there's some merit to the court system or some basis of truth and watching them selectively present manufactured evidence and knowing that a jury is not sophisticated in these things and that it's pretty easy to kind of bullshit your way around an issue just by using technical jargon. was really, really infuriating. And it kind of radicalized me to go down this path.

And then the thing happened to Roger. Now I'm like, wow, this is insane. So let's try to help Ian. I know I've seen Mark Edge, Ian's business partner, who hopefully most of you know as well, who's a great guy. One of the reasons I moved to the Free State Project. He actually took my phone call, I think in two thousand and six, because I was listening to Free Talk Live. when I was in Boston. And so Mark is doing a ton of work to help Ian. I saw Mark in Amsterdam. I understand that Mark was at the Bitcoin conference these last few days. I'm going to see him again at Freedom Fest. And so anything we can do to help Ian, let's do it. And it starts with signing the petition at freeiannow.org.

And then the last one that I have on this list is Roman Storm, which he's at freeromanstorm.com. You know, another situation where the government has dropped the, you know, the sanctions or whatever against Tornado Cash, but they're still going after all of the developers. And so Roman is now a citizen of the U.S. The other two developers are not citizens of the U.S., but that doesn't mean that they also shouldn't be pardoned. They should all be pardoned. But Roman is unfortunately he's fighting his case in the Southern District of New York. I believe his trial. is in July. So let's help him as well. Sign his petition at freeromanstorm.com. And let's get all of these people back. Again,

these criminal cases are the real heroes. I mean, again, these are the people that really innovate it. And we're really focused on protecting our rights, protecting our privacy and spreading these alternative currency systems to stop war, violence and tyranny around the world. These are the last people that should be facing criminal charges. um you know I played this before I'm going to play a short version of this just because is a lead-in to tonight's topic about stable coins because I want to set the stage for why all of this is important right like so much is lost I whether I'm doing workshops or traveling or doing podcasts or watching the Bitcoin conference

we've lost why crypto is important why it started and what it is that we're up against so I'm going to play a short I grew up in the U.S. and I see all these people like, yeah, nuke everybody in the Middle East and kill them all. And then they have the former secretary of state, Madeleine Albright, on Sixty Minutes, one of the most popular news shows in the U.S. And they asked her, they said, like, there's reports that more than half a million Iraqi children have died as a direct result of U.S. sanctions. And she looks back at her with a straight face and she goes, it was a really tough decision, but I think that it was worth it. You know, is the price worth it?

I think this is a very hard choice, but the price, we think the price is worth it. Worth murdering half a million kids because of what the government did? And I apologize for crying, but it just disgusts me from my core when I see government people murdering people around the world. It's not just theoretical. These are real people with real lives. And Bitcoin has the power to undermine everything they're doing to people around the world. And I'm sorry for shouting, but it just disgusts me what these people in government do. And they do it through central banking and through the control of the money supply. And Bitcoin takes that away from them.

I play this clip everywhere I go. I play it in Amsterdam. This is one of the reasons that I'm so passionate about supporting Roger. And actually, there are a lot of reasons to support Roger because of what's going on with this case. The DOJ lied to the grand jury at the outset, concealed information that showed that Roger was trying to comply with the law. They violated his attorney-client privilege. They sent armed IRS agents to his attorney's office. And basically what they're saying is he relied on these experts and he hired the best people in the world to figure this out. And they're basically saying, well, you can't even rely on your We're going to retroactively counsel anymore.

come after you ten years later, not even tell you how much you owe. And then when you try to fight extradition, we're going to claim that you're a fugitive. And so all aspects of this affect everyone. Everyone has a right to attorney client privilege, the right to rely on counsel, and no one should be in a situation where the federal government is lying to a grandeur in first place. And so all of that is true. That's not why I'm passionate about this. I'm passionate because when you see his righteous anger, when he talks about Madeline Arbright, or if you see him from the very first time I heard him talk in twenty twelve, even when you see him in the video that he produced

a few months ago, he's passionate. He has righteous anger about what's going on. And it is wrong what these central banks and authoritarian governments are doing with this fiat currency that they print out of thin air. They're spreading war and destruction, and they're doing it to make a profit. There's no morality involved in it at all. In fact, it's immoral, and he's taking a stand against that. That's what they want to crush. They want to kill that spirit. They don't want people... who are moral, who speak out about it passionately and who take action. And they want to kill that in him and they want to kill that in all of us because they want us to be

obedient and they want us to fit into this technocratic regime. And we cannot let them do that to him or to anyone else. And how many people are passionate like that? Again, I don't want to pick on this Bitcoin but all of this stuff is just fake. conference, no one is do like why are people doing this you don't get any sense of I get no soul or passion or energy out of out of any of this stuff and beneath all of this roger believes rightfully so that by separating money and state you can spread freedom through voluntary interaction everywhere in the world, regardless of your

background or socioeconomic status. And so that's what they wanted to stop. That's what Biden wanted to conflict with CBDC and CBDC stop because that was in is the control system. And so we should always stand up for people like that. So crypto was always about separating money and state initially. It was about spreading freedom. It had nothing to do with a store of value had nothing to do with with governments buying these things. It had nothing to do with the current application. This came about after the financial collapse in two thousand and eight. But the situation is actually is different now. And I'm not going to go into all of hijacking Bitcoin or spend a lot of time on this.

But I will say wherever I go, unless it's a crypto conference or a liberty conference, no one knows about any of this. Ninety nine point nine percent of the population has no clue that retailers were accepting Bitcoin, that the purpose of Bitcoin was to be peer-to-peer digital cash. They have no clue. For most people, all it is and all it ever has been is something you're supposed to buy and hold through a third party and treat like digital gold. And that's a travesty because in two thousand and nine, Yes, we had had a financial collapse and yes, we have all this other tyranny. We're facing a much bigger threat now, though, with technocracy.

And because we failed to get adoption of crypto as a medium of exchange and because governments and central banks understand the power of the technology if you use it in a way that is centrally controlled and programmable and sensible. Now we're behind. Now we're like a decade behind. We had a lead and now we're way behind. And if we don't catch up and if we don't provide off ramps and an alternative, then we're going to have no choice on anything in our life. So it's mission critical. And what I don't hear, and this is even going to crypto conferences or going on to X spaces with people who have been in crypto for over a decade. I hear quotes like this.

Stablecoins are great for crypto adoption. I guess we lost on the medium of exchange and we should just accept stablecoins. It's this defeatist attitude. But if we give up on medium of exchange, giving up on free will. then we're essentially we're going to have a You can't just say, well, little carve out maybe for DeFi. If you are unable to buy and sell things and engage in day-to-day commerce without using a centrally controlled programmable currency, then this other stuff doesn't matter. So we can't concede on this point as to the point that stable coins are great for crypto adoption. They're the opposite of crypto adoption. And I'll get into this when I talk about, you know,

what's going on with these stable coins. But what is going on here is we are both fast tracking our way into backdoor CBDCs while at the same time accelerating the funding of the U.S. government. And so this is a really, really important point that I'm going to dwell on. But I'll give you the preview now. when you hear david sachs and when you hear the treasury secretary and others talk about why they're excited about stable coins it's because a couple of weeks ago they went to go sell treasuries and there wasn't enough demand for selling treasuries our debt has been downgraded other countries and people don't want to buy u.s debt

these stable coins are a way for the government to finance the thirty two thirty trillion dollars of additional debt we're going to incur over the next ten years and we've increased our defense spending to over a trillion dollars a year we have endless wars an endless welfare state an endless warfare state endless public health and we're just expanding all of it we have no way to pay for it but because they've managed to gin up all of this interest in stable coins when tether and usdc issue new stable coins under the legislation that's being drafted it has to be backed one to one by treasuries and dollars so in other

words circle the company that owns usdc and tether or whoever acquires them, which is more likely the case, will have to buy US Treasuries in order to issue the stable coins. This is how they're going to solve their rampant spending and complete lack of any fiscal constraints. So participating in these stable coins is not only signing up for a leash, and signing up for all of your financial transactions to be more surveilled than they are. But now you are participating when you use these things and funding all of the wars and all of the tyranny around the world. And I've not heard anybody express that. And I'll go into more detail about that.

But it is critical that this is understood. And again, I've talked about this several times. I'm not gonna go through all of it. The end game here though, is not just to tokenize and control digital money. That's the starting point. Then they're gonna essentially tokenize every other asset that we own. Our stocks, our bonds, our houses, our cars, the internet of things, everything is gonna be tokenized and able to be shut off and tied to CVDCs. This is the end game. This isn't theoretical. I wrote an article about it. You can find it on Brownstone. um I believe the title of it is you might own nothing sooner than you think really long article but I lay out technically what's

happening not theoretically what the programs are regulated liability network who's behind it who's funding it it's not it isn't theoretical it's been actively worked on so while we've been sitting around while bitcoin core is having an internal debate to make the block size over whether they're going smaller and add more artificial constraints. These people have been spending hundreds of millions of dollars building systems that can digitize and control every asset on Earth. So that's what's going on. As to CBDCs, again, today there are one hundred thirty four countries representing ninety eight percent of the global GDP working on CBDCs. I've talked about this A bunch,

probably most of the talks that I've had. But here's the new kind of twist on this. The CBDCs that have been rolled out, this says three have been launched. It's actually eleven that have been launched. But there are some in eastern Caribbean countries that have moved back to pilot stage, but they're still going to go back to full pilot. full deployment. Most of these rollouts have been slow. Even in China, the rollout has been slow. It's still ongoing. Nigeria's initial rollout was a disaster, but they haven't stopped their plans to continue to roll out the CBDC despite the fact that their head of their central bank was arrested and everything else. They're pushing forward

because this is all about control. As I mentioned, the EU, this October, they may be rolling out a CBDC, but it's still slow adoption because When you see the polls and the surveys, people either don't know about CBDCs or a lot of people have a negative view on it. But stablecoins have actually had very brisk adoption. And so by backdooring that, you're actually leapfrogging. So let's say Kamala Harris had won and she tried to implement a CBDC. It would take her five to ten years with a homegrown CBDC to get the level of adoption that the US is going to get by using this legislation to essentially backdoor the

popular stable coins that currently exist. And there's nothing, Tether and USDC are indistinguishable from a CBDC in terms of the fact that they're transparent, they're trackable, they're sizable, they're censorable. And all of this, and we saw this yesterday, that guy that launched the Malay coin in Argentina or whatever, on the Sui or whatever blockchain, his USDC was frozen. tether usdc all these things that they've been freezing these for a long time they already are working with law enforcement they're already working with the fbi and the cia and interpol and everybody else that's been going on for a long time the legislation that's coming is only going to tighten that so much

more and make that even easier so it's a complete step in the wrong direction So at the end of this process, tokenized on one global all of our assets are framework that can be centrally controlled. And then the final step is to flip the switch so that the CBDCs or the digital currency is backed by energy credits. as opposed to whatever it's backed by now, which is IOUs from the government. But the whole point of this is this is what the technocrats have been trying to engineer since the early nineteen thirties. And if you, I encourage you to, if you didn't see it at the very beginning, I played Derek Rose's clip, short three or four minute clip where he walks through

what technocracy is all about. It's fascinating. I was in Amsterdam and I had an interesting dinner and I was trying to explain to some people what technocracy was. Smart people, they'd never heard of technocracy, weren't familiar with the movement at all. But it's horrifying. This whole technocracy movement, From inception has been about the idea that, you know, as plebs, we're too stupid to make decisions for ourselves. We will wipe out humanity unless the best and brightest scientists and engineers who are handpicked by the elites make decisions for people. And at the heart of it is manufactured scarcity around energy and in particular around carbon credits. So you have to have these

scientists and engineers basically developing social credit systems. And you're using this energy credit thing because you've come up with this story about manufactured scarcity, so on and so forth. Well, this is now playing out. And you can see this with the Doconomy MasterCard. All of this is being implemented. MasterCard, type in MasterCard Green Program, and you'll see the list of over one hundred and fifty multinational corporations that are already tracking the carbon utilization of their goods and services. And then MasterCard has figured out how to tie that in to the use of your money. And so with this Doconomy UN branded card, if you use too much carbon, it already shuts off. So.

everything I'm telling you isn't theoretical this is stuff that's been in the works for ninety years and we just now you know when they were talking about this in the nineteen thirties we didn't have the internet We didn't have AI and we didn't have digital currency. We have all of the ingredients in place. And so they're doing all of this stuff behind the scenes. And we're sitting here with fucking meme coins and NFTs and talking about, can we make our blockchain slower and more expensive so that small groups of developers can make more money developing solutions on top of it? The problem with the infighting within crypto is it completely ignores from a competitive perspective,

anything that's going on in traditional finance, anything that's going on with central banks, anything that's going on with government. And you have to take all of these things into consideration. So Larry Fink has talked about the tokenization of stocks and bonds. I've talked about this before, too, so I'll go through it quickly. The problem is. money that is issued by the state. And we have these three different players that like to point the finger at each other. And the whole issue with CBDCs is everybody's like, well, the Federal Reserve is the problem. We're worried about the Federal Reserve issuing this currency. Well, the Federal Reserve is useless.

All three of these parties are useless. We need truly separation of money and state. Understand that the commercial banks, particularly the large ones, own the Federal Reserve. But when it comes down to things like financial surveillance and the programmability of money, that is actually issued by Congress. So all of these things like the Bank Secrecy Act, which was issued in nineteen seventy, this was the beginning of anti money laundering laws. If you remember the Godfather movies, I can't remember. I think it was the first one. I mean, they actually have a scene where there's a congressional hearing. on organized crime. Well, actually, that was modeled off of basically the discussions

that were going on around the Bank Secrecy Act. The Bank Secrecy Act in nineteen seventy was designed to end organized crime. Well, how is that working out? Organized crime hasn't slowed down at all. In fact, it's I mean, it's not hilarious. It's actually it's just disgusting and frustrating now because we have this war on drugs that's going on forever. So now we're going to go after the cartels. Now we're going to maybe we're going to drone bomb. We're going to do all this other stuff in this endless war on drugs, the failed war on drugs. Well, what are these cartels? The cartels, that's organized crime. What are they using? They're using banks. They use HSBC. They use Bank of America.

They use JP Morgan. So none of the bank secrecy laws have worked. It's done nothing to stop organized crime. What it's done is punished individual citizens and it's added a whole layer of cost and bureaucracy. And that was just the starting point in the nineteen seventies. It's been nothing but add ons since then. We've had the Patriot Act. Then we had covid era legislation, which added more tracking. And and so but in the end, no organized crime has been stopped. So there are kind of three components to this. Morally, none of these people should have any authority to have any control over the information about our financial transactions.

I mean, this is kind of a natural law function. Constitutionally, they shouldn't either. I mean, the Fourth Amendment should trump this. But if you're one of these people that's in the camp of I'm willing to trade, liberty for security then okay well let's look at it pragmatically pragmatically it hasn't worked none of the know your to know your customer laws the anti-money laundering laws haven't stopped even one percent of the money laundering or terrorism I'll write an article about this because there's a whole kind of analysis on this but objectively even if you don't believe in the moral concepts and everything else it hasn't worked practically but you have to understand

It's not the Federal Reserve that has implemented this. It's not the Federal Reserve that has pushed for it. It is Congress that has written these laws. It's Congress that has passed these laws. I had this absurd conversation with Ted Cruz at a conference, and at one point he was trying to put in place an anti-CBDC bill. because his claim was that he wanted to protect the financial privacy of americans and he thought that the federal reserve would preemptively implement a cbdc that's not really a thing I mean, it turns out the Federal Reserve is owned by the banks. The banks aren't even pushing. The Federal Reserve doesn't necessarily have an interest in this from the

standpoint of implementing all this control. If anything, the Federal Reserve does provide a little bit of a buffer. Because if you think the Federal Reserve is bad, the only thing worse than the Federal Reserve is if the federal government was implementing a digital currency directly. And believe me, I talked to that senator from Oregon because it was an anti-CBDC panel. And his take on it, I can't remember the guy's name, but his take on it was he's against CBDCs because he doesn't want the Federal Reserve in there taking their cut, which is respectable. But the problem is he wants to have direct control over the programmability of money. So imagine this guy and Elizabeth Warren having

direct control over currency. So we have to get rid of all three of these groups. But in addition to that, the Federal Reserve and everything else, you then have commercial banks. So when we have this, the cancellations that have gone on and the debanking. A lot of that is nothing to do with the Federal Reserve. Those are the woke policies of the banks themselves. So it was J.P. Morgan that decided to cancel Kanye West. It was J.P. Morgan that decided to cancel Dr. Joseph Mercola. I'm not sure which particular financial institution. I think it might have been B of A that canceled Melania Trump and Barron Trump. So that didn't have anything to do with Congress or the Federal Reserve.

So like this is the. holy trinity of financial surveillance and fraud and invasion of privacy. And so We need to excise all three of these parties. And so I want to stress that because they constantly point the fingers at each other. And so then everybody thinks, oh, well, this is safe. We don't have a CBDC now. We just have JP Morgan issuing a digital token as if that's actually different. And it's not. And so this is why it's very complicated to try to talk to people about this. I've already said that not only is the EU potentially going to launch a CBDC as soon as October of this year, but they passed anti-money laundering regulations to

ban privacy coins by twenty twenty seven. So again, once again, There is no evidence that privacy coins are used in any meaningful way with regards to terrorism and money laundering, which is always the big two that they bring up. And in fact, I mean, ironically, Doge did at least unveil the fact that the Treasury Department has four point seven trillion dollars worth of spending that they didn't even put line item notes. And we now have found out that our own Treasury Department, whoever was responsible for this, was basically a rubber stamp. Never issued said no to anything. And so our own Treasury Department was funding terrorism. Our own Treasury Department was funding some of these

USAID projects and other things. So the number one funder of terrorism and money laundering and drugs is the US government directly. It has nothing to do with privacy coins. Why are they trying to ban privacy coins? They're trying to brand privacy coins for the very same reason Roger's looking at one hundred nine years in prison and Ian is in a cage because those represent alternatives. And when they roll out CBDCs, People won't want them, but they'll take them if they have no choice. They'll take them if it's rolled out under a context of fear. But the good news about privacy coins is, and if you're reclaiming your free will, as I talked about in the earlier part of this talk,

you don't give a shit about whether they ban them or not because you can't stop these coins. So, you know, I don't look at this woman on the screen. She's not an authority. She doesn't have any control over me. I'm opting out of her system and there isn't anything she can do about it. And they ban it legally. I don't care if they ban it legally. That's the point of privacy coins. But they'll make it out like, oh, you must be a terrorist. No, I want to be able to buy, you know, fresh vegetables. I want to be able to buy meat. I want to be able to buy raw milk the other day. here in New Hampshire, where at least it's legal here in New Hampshire. For now, it's not legal in most states.

So we know what's coming, but they want to paint everybody as, you know, they're projecting because they're the money launderers, they're the terrorists, and they want to project that, oh, anybody using a privacy coin, you must be that. But in reality, they just want to protect their monopoly control over being the money launderers and terrorists. And so this is real. And I was in Amsterdam and then this is what people are talking about. And so make no mistake, we have to do we have to focus on adoption of these privacy coins now and not worry about what these people are doing other than from the perspective of understanding and having it light a fire under our ass

that we don't we can't wait anymore. I've talked about this before. We already have a CBDC. Our money is already digital. It's already programmable. HSAs, FSAs, electronic benefit cards, food stamps are programmable digital money. It's already trackable. It's already sensible. So we already have a CBDC, but adding actually stable coins, stable coins at a higher level of programmability and level of tracking. So it just makes our existing system even more tyrannical, but most people don't realize that the existing system is already tyrannical. I mean, isn't it bad enough that your bank is working with the IRS using AI to analyze your transactions? Isn't it bad enough that the

NSA is doing bulk data collection? Isn't it bad enough that we have bank secrecy laws and we have the Patriot Act and all this other stuff? I mean, again, you know, we've already lost eighty percent. And most people think, oh, well, we don't want to become like China and not realizing the only difference between us and China is. You know, we don't have nice little apps that tell us what our level of tyranny is. We weaponize the tax code and use this digital stuff anyway. We just are oblivious to it because it's not well organized or implemented. And I've harped on this before. As another point to talk about the level of tracking, it has been for a long time, I think under the Bank

Secrecy Act or one of the others, that any time somebody does a banking transaction of a transaction amount greater than ten thousand dollars, a report transaction report is automatically sent to the Treasury Department. Well, they just issued a change in policy like four or six weeks ago and said, hey, we want to fight illegal immigration. So here are thirty zip codes in California and Texas. And so for those thirty zip codes, any transaction amount over two hundred dollars has to be automatically reported to the Treasury. So they were able to implement this not by passing a law, but by changing a policy. So understand, if you think that there's some technical hurdle,

these are Oracle and Microsoft databases. They can issue a change in policy, and this can be implemented nearly instantly. And another reason I hate politics, because this keeps on coming up. And again, it goes back to this idea of the real virus here is that we keep on giving our authority to these people and recognizing the legitimacy of these people to have authority. We shouldn't be. Instead, what we're doing is we're saying, well, we didn't like what these guys said, but we want to take control of these levers of power. And now that we have it, we're going to implement our thing. So if RFK is going to ban sugary sodas through food stamps, well, that's adding programmability to digital

money that happens to be issued at the state level and predominantly run by JP Morgan. so is that a good that's not a good thing because the next guy that gets elected might say well uh you know sugary sodas are fine but you can only use this to buy uh insect protein you can't use it to buy red meat why are we giving any of these people any authority to control any of our financial transactions why are we putting up with any of this but it's already bad and it's indistinguishable between the parties and if anything the republicans are actually grabbing more control they're just doing it in a different way and the power never recedes it always grows from administration to administration

regardless of which political party is in power so now we have stable coins and I've talked about some of this stuff before but there are some interesting new points and things that I've been thinking about lately that I want to highlight so top people in the trump administration have been speaking about stable coins very very very publicly david sachs who's our crypto aisar who was formerly with paypal formerly a venture capitalist or maybe currently formerly a big vc out in silicon valley um he says we'll foster stable coins but only under strict rules so understand what's being said here I mean because

it's not exactly they're not mincing words and then when you see the legislation you realize I mean there's this isn't exactly cryptic you know what they're saying is while these stable coins that exist right now we've got to make sure that we add reporting and auditing and backing with treasuries and know your customer anti-money laundering laws that's that's what that means it means the same thing when The U.S. Treasury Secretary says it. He says stablecoins must be secure and compliant to protect the dollar's global standing. I mean, you know, secure and compliant. What does that mean? Is cash secure and compliant? They're adding, you know, security and compliance.

And so all of this is KYC AML, and it's explicitly in the acts. You can read them yourselves or have AI read them. I did both, but I thought it'd be worthwhile to read the whole... I get so frustrated running these. By the way, a shortcut to knowledge. The text of the bill means the opposite of what the title of the bill is, and... If you wanna understand what the bill's all about, spend the mental exercise trying to figure out who wrote the bill. And by the way, it's never the politician whose name is on it, it's whoever funded that politician. And you can track this stuff and get a pretty good sense of who's behind it and why and what the incentives are. When somebody says stable

coins are great for America, what part of america what is this collective identity that we all share because it is not good for me it isn't good for any of you listening to this unless you happen to you know be a banker or you know be one of the guys that you know funded the guy that you know led the the genius act who happens to be one of the largest shareholders in coinbase I mean it's like it's like twenty people that benefit from this the other three hundred and thirty million people are losing privacy, losing control, supporting war and violence, and watching the continued degradation of the purchasing power of the dollar. And then Howard Lutnick, who I'll talk about more,

we're going to use digital assets to pound forward. I saw, I started watching this JD Vance speech, you know, I'll watch it again. I mean, eventually, some of the stuff I actually just can't watch the first time I start watching the first five minutes. I'm like, God, this is this is first of all, this is fake. And then it's also wrong. But you know, ultimately, I will watch it. And it looks like all the same thing. So the stable act is coming out of the house, the stable act. So as a matter of process, what's going to happen is this stable act is the less important of the two the genius act comes out of the senate um it's going to pass very soon as I mentioned earlier it failed

by one vote but then they brought it back and now a sufficient number of democrats have been bought off so that's going to pass so that's going to be the primary framework And then there's the Stable Act. But as a matter of process, what ends up happening is when they go to reconcile the two bills, they make it worse. So inevitably, they're going to take the worst parts of the Genius Bill and the worst parts of the Stable Act. And when I say worse, worse from the perspective of the American people from an individual citizen, from the perspective of our rights, from the perspective of our privacy. And what they're gonna carve up to get the votes is they're going to have

giveaways that give more control and more power to specific financial institutions and specific individuals and groups that fund these people. This is just how these bills work. And it's always how these bills work. This isn't a mysterious process at this point, it's a disgusting process. And again, we shouldn't put up with this shit anymore, but we do. And that's what it is. The Genius Act is really interesting. So I've been talking about for the last couple of years, the Loomis-Gillibrand bill. And this was the original stablecoin bill. And they had tried for two years to push this thing. And it was a bad bill. And I talked about the fact that it was more KYC and it

was anti-stable coins and anti-privacy and everything else. And yet somehow the Republicans get control. So Gillibrand is a Democrat from New York and Loomis is is a Republican from Wyoming. And we had a Democrat president. And so somehow now that we have a complete Republican majority and two of the three people uh sponsoring this bill are republicans it's worse and it's tighter controls over know your customer anti-money laundering it's more reporting it's more um control to the banks and more regulatory oversight by the federal reserve well who is senator bill hegarty's bill hegarty is a I believe a first term senator and I looked up his bio he's from tennessee he

worked in finance at some middle market private equity firm and so I'm looking around like what kind of deals did he do he has nothing he's not a tech guy there is no indication that this guy has ever used cryptocurrency or can even spell crypto like it's just not part of his background at all so how does this guy end up leading this well okay well now let's look at this and so his primary funding source was club for growth and club for growth is one of these interesting things I've intersected with this thing a lot over the last several years it's kind of like a lot of things it's kind of like kato you know if you're following this so many of these so-called liberty organizations have just

completely sold out a lot of them the beltway group sold out during covid And some of these others as well. There's this guy, Jeff Yass, who is allegedly, I think it's based on the reporting, it might even be a C-form, but he's known to be the largest donor of this. He's also a major, one of the larger shareholders in Coinbase. Well, Coinbase actually worked with, the chief legal officer of Coinbase used to be in Trump's previous treasury department. Came on board Coinbase as the chief legal officer and worked in conjunction with Circle to literally develop the product roadmap for USDC.

So... coinbase and this investor of club for growth is going to be a massive beneficiary of this legislation so this guy is basically hand-picked and you read club for growth saying well we like the light touch of this legislation so again you know it's kind of one guy and one group bankrolling a brand new senator to come in who has no experience with crypto. But now what you have is this balanced situation where you've got somebody from the South, a Democrat from New York. And so at the end of the day, this is enough to cobble together enough votes to get this thing passed. So I think it's important to talk about these kinds of things because some people naively think a lot of

things about politics that aren't true. Like, for instance, that politicians review information and try to make the right decisions on the basis of doing an analysis and using reason. These people don't even write the bills, and they don't even read the bills. This is just factual. In fact, you couldn't. Based on the length of these bills, it would be impossible for somebody to read this. And so these people have you know, aides that read bills and then they have somebody else that writes the bills and then they're getting summaries of what somebody says the bill is supposed to say. And then they're given talking points to go on television. I mean, you watch social media.

It's like at the same time, it's kind of like, you know, COVID, everybody's saying, well, you know, I just got COVID, but thankfully I took the vaccine. And so my symptoms are going to be moderate. And then you see all of a sudden, you know, fourteen senators basically having the same copy possible. You see the same thing as people are talking about this. Well, these are this is going to be clear rules of the road and the dollar is going to maintain its status as the global reserve currencies, all the same bullet points. None of these people have read the bill and none of these people wrote the bill. And by the way, when I talk about this, I'm not encouraging you to

write your senator or write your congressman or call them. They don't give a fuck about what your opinion is. unless you have enough money to pay off uh pay them off and it's greater than the other people that have already paid them off you don't have a chance so I'm only talking about how this works and what's in the bill to highlight why we need to get out of using fiat currency and to certainly get out of using stable coins so that's where the genius act is now let's talk about the particularly bad elements of these bills. So the Stable Act puts a complete moratorium on algorithmic stablecoins. So for two years, there's an outright ban. No one can issue an

algorithmic stablecoin. So this is a really important point. Algorithmic stablecoins, and I'm going to talk about an algorithmic stablecoin, what I think is the most exciting stablecoin project in the world right now. And it's built on Zeno, which is called Freedom Dollar. And its ticker symbol is FUSD. And so it's an algorithmic stablecoin. What does that mean? Well, it means that... there it's not backed by u.s treasuries it's not backed by the dollar it's backed by in this case zeno it's over collateralized so there's more than you know one dollars worth so the point is you're the the token is pegged to one dollar and then you have

more than enough collateral but that collateral isn't u.s treasuries it isn't um it isn't dollars it isn't any of these financial instruments it's actually backed by Zeno itself. And there's an automated market maker that makes it so that you can always swap between Zeno and the FUSD token at one dollar. And so it's a brilliant concept. And in this legislation and the Stable Act, they want to ban this entirely. And I'll explain why they want to ban it. But I've already highlighted some of it as we get through this a little bit further. Both. There's mandatory AML KYC compliance in the Genius Act. And of course, when you I if you follow me on X,

I will troll these people directly. And I've had and I've again, I've interacted with Cynthia. This isn't just like I've actually talked to a lot of these people. I've given them my book. I've. I've raised my concerns. And, you know, I've even like Warren Davidson, who's, you know, not not horrible as far as some of these have gone. But I mean, he at one point not related to this bill. He's like, well, we need clear rules of the road. It's like we don't need clear rules of the road. We need freedom. Clear rules of the road mean that you basically have negotiated something that benefits the incumbent players. That's not what people are actually looking for. People are looking for the

ability to create while not being stifled by parasites. But that's a whole separate concept. But it's mandatory AML KYC. And it classifies stablecoin issuers as financial institutions under the Bank Secrecy Act. So this has... all kinds of implications. And so under the Bank Secrecy Act, there's rigorous anti-money laundering and know your customer checks, including identity verification for all users. So again, what the politicians will say is it's money laundering, it's terrorism and all this other stuff for which there is no evidence that even the stable coins are the problem. The people are using the existing US dollar through

the existing system. There is no second best. use for uh these malevolent purposes than the existing Fiat system but they'll sell it to people using this whole fear wall if we don't implement this then you know then you know we're gonna have another nine eleven or whatever so so get used to that and and I haven't had a bank account since I haven't set up a bank account since a personal account since and when I did this I've told this story before. It was at a bank that I already had a preexisting relationship with. It was actually when I was running for governor of New Hampshire. So this is a bank that was like a mile away from my house. I had money in there in the past.

And then I went back in to And then I went back in to And it took me like over a week. It took me ten days to set up the bank account because I had to come back three different times. And when I came back, they kept asking me questions. They were asking me questions about my hobbies. They were asking me all of these other questions. And I'm like – and then I asked her, it's like, what is all of this about? Because it wasn't the person just being nice trying to form – local bank trying to form a – establish a quality working relationship. I actually asked her about it and she said, well, it's these new KYC AML rules. So she's actually asking me questions and she's recording the information.

her computer so now they're building all of this information about all of their users to set up bank accounts and now this is the same if you if you set up a crypto account now you have biometric scanning and all this other stuff so this is now going to become part of the stablecoin process and now they're going to be tracking these tokens at a more granular level tied to all this kyc stuff under the genius act there's centralized freeze and seizure powers It mandates issuers, even foreign ones, to implement freeze and recovery protocols. So this will enable US authorities to seize or block stablecoin transactions. Again, this is all CBDC control mechanism stuff. These are the same features

that you would have at a CBDC. And some people argue, well, at least it's multiple issuers, and so it's a little bit more decentralized. Look, we live in the age of AI. If the Treasury Department, even using our existing you know older technology infrastructure can send out a policy memo that says you have to give us automatic reports on all transactions and thirty zip codes greater than two hundred dollars do we really think the fact that there may be five stablecoin issuers somehow gives us more privacy doesn't matter at all this is the big one though that I hadn't been focused on focusing on as much um because I you know I I've been a staunchly opposed to KYC AML for forever.

It's been something that's slowed innovation for a long time. But the real big point behind this is, and I mentioned it earlier, this strict reserve requirement. This is the whole shooting match to this. And now I'll show you some quotes on this. This is how they're selling the fact that that people don't want to buy united states treasuries japan and china and other um entities that have been previously buying us treasuries are sick of this they don't want to do it anymore they they look at our credit rating they look at what we're doing they look at by the way tariffs and trade wars and it's kind of like hey you know what maybe we don't want to do this anymore so What this means is I think

Tether is the eighteenth largest purchaser of U.S. Treasuries, at least based on, you know, attestations and not audits. So I guess it's you're going to have to take trust me, bro, from Howard Lutnik and his company that his son now runs that manages the Treasuries for Tether. You're going to have to take that as their proof point. Actually, the CEO of Tether just spoke at the conference today claiming that they had one hundred thousand Bitcoin and with fifty tons of gold no audit maybe we're just we're gonna we're gonna trust we're gonna trust his word for it but in any event uh both acts now require one-to-one Fiat or Treasury backed reserves so in other words they will

have to buy Treasuries and this is their way out and they're even talking about this as a big thing as a as a selling point so again These are Republicans that Remember this before the are saying this. election and remember this now. I'm old enough to remember that in the election, we were told Doge was going to come in. They were going to balance the budget. They were going to abolish the IRS. We were going to use tariffs as a way to abolish the IRS. And so therefore, we wouldn't have to worry about the debt ceiling because we'd have a balanced budget. Didn't they just increase the debt ceiling by five trillion dollars? and now they've passed the the now they're pushing the

uh big beautiful bill which had thirty trillion dollars but no one wants to buy these treasuries so they're counting on and literally deliberately hyping staple coins now because it's the only way they can get someone to buy treasuries so they need everybody to want these digital tokens So in one package, they're getting people to sign up for a backdoor CBDC and getting people to fund all of the debt and all of the expansion of government that they're working on. So it's actually worse than a CBDC. And the fact that nobody's talking about it this way is shameful. And you'll see in the comments and all of the comments that I put back, I'm like, here's a link to my five

thousand word article, which, by the way, you can look at. it obviously goes into even more detail. I mean, And then what we're talking about here, although this presentation has more updated information than I had in that article, I haven't updated the article yet. So some of this is new because they've changed the bills and some of the other But the core basis of this article, stuff is going on. so I'll give somebody the article and the response back is an animated picture of Trump saying wrong. I mean, these people have no idea. They haven't read the bills. They're parroting the talking points of the politicians who didn't write the bill or read the bill. I mean,

this is essentially how the world works right now is just people basing everything on nothing from first principles or knowledge. They're just parroting what they heard from somebody else. But that's how it is. So, again, as I said, whether a programmable, trackable, sensible digital token is issued by Jamie Dimon or Jerome Powell does not matter one bit to us as individual consumers. It is the same tyranny. Also. federal oversight and audits in the Genius Act. So subjects issuers to OCC or Federal Reserve regulation with monthly reserve audit. So here we go. We are injecting the Federal

Reserve into the middle of this process. And by the way, this is a classic legislative trick. So the whole point of this, and I said this in a previous thing. So what happens out of all of this is now if you're a big stablecoin issuer, You have to be backed by treasuries. You have to be or the dollar. You have to be able to comply with the Bank Secrecy Act. You have to be able to comply with monthly Federal Reserve audits. Will you add all of that up? What that means is they're going to force tether and usdc to be acquired by large uh regulated financial institutions and right now while there are more than just two stable coins overwhelmingly it's two stable coins tether and

usdc that control the overall market so we're not going to have this situation where all of a sudden they're going to be five thousand stable coins kinds of choice oh I left and there's going to be all something else out too they're also banning yield bearing stable coins So that's great. So now, now you can't get yield on your stable coin. I mean, this is, and this is in both acts. And so you, I mean, so essentially you can't earn any interest on this. So this is, this is a, I mean, and in some ways, I mean, again, it's not like people are earning a lot of interest on the money that they have in the bank account now, but I mean, to ban yield bearing stable coins, I mean,

what's the incentive, what's the upside for this? What is the compelling upside for this? Why would anybody want to do this? So anyway, all the compliance burdens and everything else, again, are going to favor large financial institutions. And this, I'm going to skip ahead and then come back. So as we're getting closer to this genius bill passing, last week, the four largest banks put out a press release announcing that they're looking at working together to jointly issue a stablecoin. JPMorgan Chase, Wells Fargo, Citigroup and Bank of America are looking at collaborating on issuing a stablecoin.

Again, JPMorgan Chase controls more than ten percent of all the customer deposits in the United States. I think it's closer to fifteen percent, but maybe it's twelve. You add those four large banks and those four large banks are the largest, probably, we don't know for sure, but probably the largest owners of the Federal Reserve. If they jointly issue a stablecoin, how is that any different Then a CBDC, if the largest owners of the Federal Reserve get together and issue a stable coin, that is indistinguishable from a CBDC. Now, I think and again, just because this this kind of thing has happened before. It happens all of the time where. legislators are paid off to

put in place barriers that favor the incumbents so that they can chew up any of the new innovation. But I wouldn't be surprised if this consortium is being put together to buy Tether. tether has something like a hundred and fifty billion dollars worth of uh of coins in circulation backed by who knows how much in assets so my guess is what you're going to find out of this process now is that it would either be jp morgan or a collection of these banks will buy tether and then maybe some other collection will buy usdc what this does this does not benefit us one bit there's no upside to this I've in a previous presentation talked about ties to the trump administration with this I

mean it's just it's crazy so I already mentioned this guy brian brooks he was a comptroller and trump's treasury secretary the last time worked for steve mnuchin the guy from goldman sachs who uh you know was involved in the mortgage crisis and everything else you've probably seen this famous picture of him with his with his wife where he's holding up you know dollar bills that had just been freshly printed at the treasury so this guy was his uh treasury secretary then he went to coinbase as chief legal officer and literally helped shape the roadmap for usdc howard lutnik uh his company canter fitzgerald just invested six hundred million dollars in tether and his firm manages all of

the treasuries for tether How this isn't a conflict of interest. I mean, you know, they go back. Well, I divested myself. His son is the chairman of this company. this is this is just blatant corruption. I mean, And and yet it's it's allowed to flourish. And there's pictures of the guy going down to El Salvador, which is where Tether is now based. And so, I mean, we basically have. know the comments about the trump administration the first time around was that insiders from from from dc he hired a bunch of now he's just hired people from the paypal mafia and wall street and that honestly isn't any better because it's because they're I I in my opinion manipulating him as as well

and so this is a a pretty bad situation with a lot of overlap but this is something that I really want to stress once again because cbdc implementation while it's going on all over the world the rate of adoption has been slow it's been slow in china in nigeria I mean they were like burning atms and writing and everything that again doesn't stop them from continuing to push it but there's not overwhelming support for it but it's important to look at what's going on here the update to this was in twenty The total amount of transaction volume for stable coins was twenty seven trillion dollars.

So if you look at this, this is roughly the same amount as Visa. It's expected by twenty thirty that this is going to jump to one hundred and twenty trillion dollars. So it's going to dwarf bank to bank automated transactions and visas. So stable coins, which is within the next five years, will be the dominant form of people engaging in transactions. And so. So the scary part about this is if we go back to, you know, Klaus Schwab and Bill Gates and Biden or Obama, these people couldn't get this kind of adoption in probably two decades. And so by simply putting

together this regulatory package and forcing a situation where large U.S. banks end up owning these stable coins, we're going to accelerate effectively CBDCs we're you know I mean we should call it agenda twenty twenty eight not agenda twenty thirty at this point this is going really quickly and again I you know don't look at what I say is oh you know I'm anti-trump or or whatever I'm anti the political system I am completely at this point about the fact that we have to exit these systems but understand what's going on around you we just passed real id we we're doing Two things in just the first year of this term that people would have been

writing about if it were the WEF and Biden just nine months ago. Right. So we push real ID. And I don't know if you realize this, but real ID in like a handful of states. There's already a digital version of it that you can integrate into your Apple wallet and into your Google wallet. So that's coming everywhere else. And again, the justification for these things is going to be – I wrote a thing. I couldn't find the post, but I made this fake executive order of basically Trump saying, well, we're going to use immigration to – implement digital ID and then we're going to use tax policy to implement a CBDC and everything. And it's happening.

The problem is it's happening and people are actually cheering it on because they don't understand it. But the fact that we're going to have, you know, thirty, forty trillion dollars worth of transaction volume or however much potentially under the control of Congress, because that's really what it means. It means that Congress If Tether and USDC become under the control of the Genius and Stable Act, then that means that that is it's Congress that controls the tracking and the censorship and the programmability. And they already have a track record. that is horrifying. They are already tracking they're already programming our money. our transactions and So they already know how to do that.

They're good at the charity part. And now they're gonna have a leg up by taking something that has broad-based adoption in the marketplace. So that point, this point that essentially by doing a backdoor, through stable coins will probably accelerate effectively CBDC level adoption by ten years. And the fact that these will have to be backed by US Treasuries means that we're going to be continuing to fund the expansion of the warfare and the welfare state. in the United States with no fiscal controls whatsoever. In fact, this will give them a free pass. So if you're buying, you know, I ran for president of the United States with the tagline of,

you know, ditch the dollar, halt CBDCs, stop World War III and end the Fed, right? Doing this one thing, ditching the dollar. Understand if you are buying and using USDC and Tether, you are participating in all of this violence and all of this tyranny. In fact, you're doing it at a hyper weaponized level. So be aware of that. I am a huge believer at this point in time of putting my energy and money as a reflection of energy towards the things that I want to see in the world and understand that when you are engaging with these stable coins, you are funding the things that if you're listening to this podcast, you are probably against. So what is the answer to this? It's not all...

Doom, but it is intended to light a fire. The answer to these surveillance coins is privacy. Privacy isn't a feature. It is the foundation of freedom. This is the only way to defeat CBDCs and stable coin tyranny. We have to build something outside of the system. We have to stop trying to integrate with it at some point you just have to make a decision um am I serious about freedom or am I going to keep you know half my foot in you know in the pod inside the fifteen minute city and the other half over here or are we actually serious about it and privacy is the way out the challenge which I've stated over and over again is that privacy coins have to be as easy to use as traditional finance and

CBDCs and now stable coins. That's the key to broad adoption. And I talk to people. I just did a talk today. John Bush had me on. Couple hundred people. I gave essentially a version of this talk. But most of this audience, these are older people that are just trying to they've just recently woken up and they're trying to figure out a way to get out of out of the system. So I walked through it and I'm giving them some, which I will to people listening to this as well, some free freedom dollars privacy stable coins just to get the ball rolling but we've got to really focus on adoption now because we're in a race against time based on the existing adoption level for these

privacy coins and what's going on with the eu and the response from other nations who are bringing forward their cbdc programs because they don't want more dollar dominance in the global financial system. They were trying to fight this. And people argue about this all the time. People are like, yeah, this is great. The dollar is going to retain. Why do we want any fiat currency to be dominant? Are we particularly impressed by the morality of what has been done with the US dollar and our fiat currency? I will tell you, I don't have any sense of patriotism. I hate what the dollar is used for. I don't agree with most of it. I mean, if it were a voluntary system,

I would probably agree with like two percent of what it's used for. So will every government have Somebody asked, their own CBDC? Every government will initially have their own CBDC, but these will be hooked into a global ledger. And then at some point, there's a move towards global government. This is what's going on with the EU. This is what's going on with BRICS. And by the way, it's even in a way what's going on with the US. I would argue that what Trump is trying to do is, he's a globalist as well. The difference is that he wants to lead He wants to be the one that leads it and basically go on an acquisition binge. So let's take Canada. Let's take Greenland. Let's take Mexico.

Let's take the Panama Canal. And there are some interesting diagrams on this that I think suggested that the formation of ten different regions and everything else. But obviously the EU has already done this. The EU has already moved towards one common currency with the exception of the UK kind of not participating in that. But there's already this move towards consolidation. There's a move towards consolidation going on with BRICS. There's a move towards consolidation going on with Africa. you know again the answer to this is you know people like oh well you know are you for bricks are you for this I'm for the separation of money and state understand Fiat currency never works it has a zero

percent success rate the understand about this is thing that I don't you know if doing the same thing over and over again expecting a different result is insanity why would we try Fiat currency again there is no reason to think that currency issued based on debt that emanates from politicians will ever work it fails in a actually pretty reproducible format and in seven different ways and so again this has got to be about the separation of money and state but it's even more than the separation of money and state and by the way it's not even just about privacy coins privacy coins are an alternative to currency But when you look at global assets,

money only represents five percent of global assets. So it's everything else, stocks and bonds and real estate and everything else that makes up the other ninety five percent. What these people, what these governments and central banks are doing is building platforms to tokenize all of these assets. So to counter that, we need more than just privacy coins. We need to be able to tokenize and trade these other assets. We need an alternative stock market. we need to be able to tokenize and privately trade our stocks, privately trade our land, privately trade our cars, privately trade whatever it is, whatever you can imagine. We need to have a tokenization mechanism that

is private and self-custody. Because if we don't, if we just had a privacy coin, that really only addresses five percent of the issue. And this is The thing that in what I've found, because I've been I've gone to, you know, an equal amount of, you know, crypto conferences versus kind of pro liberty conferences versus, you know, health, freedom, whatever you want to call it, conferences. And and even to this day, most people in crypto only associate tokens. with memes and NFTs. And and that's unfortunate because Larry Fink, I had I have a clip that I played previously is on CNBC's at Davos being interviewed by Sorkin or whatever that guy's name is and says that, now we look forward to the

yeah, tokenization of of stocks and bonds. You look at these financial instruments, I mean, and then you start looking at derivatives and everything else. I think derivatives are like a quadrillion dollar uh market at some point I actually put together a list of like the top twenty of assets and and money is five different categories this really small sliver so we just need to be able to engage in voluntary trade of any kind in any way that we can imagine and and that's decentralized and private so this is why this is important this is why I'm so passionate about xeno because prior to xeno we didn't have that yeah I previously talked about ravencoin and gotten involved with ravencoin

I've been really big into tokenizing assets since And I've tokenized that. I've tokenized, bought and sold, tokenized gold and silver and artwork and clothing and a whole variety of different things. And I like Ravencoin. So I don't want this to be derogatory towards Ravencoin, but it's a fork of Bitcoin and it's on a transparent ledger. I can see a future where Ravencoin gets bridged into Zeno through something like where you get some of the Confidential Layer, benefits of the features of Ravencoin, but the privacy of Zeno. I think Zeno is very much a blockchain for making other And some of the assets that assets private. are included in that are other blockchains,

are transparent blockchains. And so that's how wide of a market. Zeno can actually make transparent I mean, blockchains good and useful and private. And that's really important. And it's hard for it's hard to discuss this with people in crypto because crypto are so many people, a lot of people in the Monero community. Oh, well, you know, whatever. Who cares? It's just NFTs and at meme coins it's like now it's you know it's every asset you could conceive of of any size and you could tokenize mineral rights on asteroids you could you could down to the level of tokenizing information it can be as small it could be a digital object it could be a physical object it could be the size of a

planet or it could be something really minuscule in size that's that's what's at play here and so um So we need both of those things. And so there have been so many developments with Zeno in the last ninety days. I don't even think I have them all updated here. I tweaked this a little bit from Amsterdam. There's so much going on. It's mind blowing. So I wanna walk through this because the general theme is this, and if I could say anything, I wanna try to recruit as many people as possible to say, the time is now to start working on adoption. I'm not sitting here telling you to buy it or speculate on it or whatever. I'll give you a reason for why I think it's going to go up in value,

but that's not the reason to get involved. The reason to get involved is because you realize that if we don't start trading with each other, Using this technology, we are going to get locked out or we're going to get forced into doing into using these centralized systems. The other thing is we've got to we have to get out of this niche mindset of, you know, oh, yeah, well, we're in our own kind of unique world. I mean, we need to be able to trade private money should be for everyone. The ability to trade should be for everyone. This shouldn't be an elitist thing. It shouldn't be a thing for people that are really good at using computers. This should be for people anywhere in the world.

I think that I've said this before. Seventy percent of the world makes less than ten dollars a day. Those people deserve. this uh as much if not more right uh they need low transaction fees they may live in a in a place you they may live in a place know I used to say well where they've got a you know a warlord that's taking all their money but I guess that would actually apply to the united states so I guess we all kind of share a common interest there but there's a saw this really uh inspiring pictures and videos from Africa. There was a meet up in, I believe, Nigeria, two hundred people. And there's a growing, huge community that has really taken this on board Zeno and Freedom Dollars

and everything else. They're starting to use it for day to day commerce. Everyone in the world should have access to private money and have the ability to trade this is the great equalizer this is how we share prosperity across the world and stop the violence that comes out of these central banks and authoritarian states it's that important it is actually a life and death thing for everyone it's about everyone being able to have free will so I'm going to talk about some of the projects and give you some updates so confidential layer this has been built they're rolling it out slowly but they've actually built the technology and the technology works I want to explain how this works

confidential layer allows you to take your transparent blockchains starting out with bitcoin bitcoin cash and ethereum and what you do is you mint those on xeno So it locks your coins. It uses a, it's a separate blockchain that does this called Bridgeless. So if you're interested in looking up more of the technical details, I'm not gonna go into a lot of it now. I might, if people are interested later, go through some of the more technical aspects of this, but it uses a separate blockchain called Bridgeless that, uses something called threshold signatures so

that there are a bunch of different nodes and no one node has access to your private key. So it's completely distributed, but yet there's no custodian, there's no third party. So you lock your Bitcoin in Ethereum. You essentially then mint tokens backed by that on Zeno, and then you can spend those. So there are point of sale systems and other things and swapping services. You're going to be able to then spend your privately bridged Bitcoin and Ethereum. And then when you're done, if you want to get back out into Bitcoin and Ethereum, you can burn your xeno tokens and then you basically exit out to a new address a new bitcoin or

ethereum address so it's a way to you know kind of add privacy even to your existing tokens so that you're not as as trackable and I really should do a deep dive on it because I've talked about how bad people don't realize how bad chain analysis is. It's really bad. I mean, these exchanges are giving up your transaction information and then you have this company chain analysis, which has its own interesting story. I think it was started by one of the guys who started cracking and actually left, started working on trying to track the Mt. Gox transactions. When that whole situation happened and then started working with law enforcement,

then decided to make a company around it and so now what's what's happening is they're building databases of transactions so they're connected to all of the big exchanges and everything else and so but what's interesting about this is people can say well yeah but I never use an exchange or whatever which I mean this is pretty unlikely because at some point unless you mind something and then never connected or spent within there aren't many people that have bitcoin that can't be tracked but furthermore let's say you do a transaction with you know let's say you did something with um Silk Road or whatever or the government comes in and raids somebody and says okay well who were

these transactions with so you might have done a peer-to-peer transaction with somebody, but the person you did a peer-to-peer transaction with gets raided and they actually turn over your information. Well, now all that gets thrown into one common database so that now they're basically mapping out everybody's transactions. And now there are people that can get certification in chain analysis. And so you have all of these private eyes and private investigators. And so now all of a sudden business partners and people that are going through a divorce or whatever are calling up these private investigators that now have a certification in chain analysis that can actually access these databases

where it's like they plop in your public key and they've pooled all of this data together and now they can map out all of your transactions. It's horrible. And in many cases, it's worse than a bank because I think a bank only keeps your records for like seven years. The Bitcoin transactions never go away. So if just one of your transactions is tracked, even if you didn't use an exchange, if there was something like I described where somebody you did a peer-to-peer transaction with turned their information over to the government, now all that's tracked. And then they're accumulating everybody's information. So Bitcoin is not safe. Ethereum is not safe. I mean,

for the sake of your own safety and privacy, and by the way, And this isn't about evading taxes or even keeping things from the government. You've probably noticed that it wasn't in France, somebody's daughter, there was a footage of somebody, they were trying to kidnap some wealthy crypto guy's daughter. There's all kinds of kidnapping going on, threats of violence. These things are escalating. There's an Epoch Times article about this. just a few days ago and then the kicker is I think yesterday michael saylor goes on on tv or the day before and says well you proof of reserves you know know we're not going to do I'm not going to show people what our holdings are and then another

company today arkham just released they tracked all of his transactions and I think they released maybe they I don't know if they released it or they said that they tracked it I didn't go that level deep but you know okay now they've already tracked it So does Michael Saylor not understand how this works? You can't announce you did this big transaction. I mean, you know, again, at the end of the day, all of this stuff is mapped and chain analysis. Other firms are ridiculous. So confidential layer makes Bitcoin and Ethereum usable again and private again. And that is a massive use case because what that's bringing in is potentially two plus trillion dollars worth of buying power into Bitcoin.

The Zeno ecosystem and you have to buy Zeno in order to be able to to use this. It's the gas that operates all of this. So this is why the excitement about Zeno is I'm not going to sit here and say, well, you know, people are going to speculate. It's why the price is going to go up. The reason the price is going to go up is because people have to use Zeno. in order to engage in useful private peer to peer transactions without third parties. That's why it's going to be successful. And at some point, I think if there are more than one hundred and forty four thousand transactions a day, Zeno becomes deflationary because every time you do a transaction, those transaction fees are burned.

And so there's one new Zeno created every every minute. And so if you do the math based on what the transaction fees are, I think it comes out to be one hundred and forty four thousand transactions a day. And then the supply actually starts to decrease. So use of the system goes up because of confidential layer, because of Freedom Dollar, because of some of the other things. The supply goes down. Well, I mean, you can guess what the price might happen under those circumstances. So that's one of the reasons to be excited about the price. So confidential layer is one of the things. Another thing that's launched is called XanoX. I believe it's xanox.io. This is an ability for you

to buy gift certificates directly. using Zaino. So I've talked in the past about, I use Cake Wallet and Monero and everything else to buy gift certificates. certificates directly with Zaino. I can now buy the gift So that's a great site that I encourage you to check out, zainox.io. So again, real world use. So I live on crypto and my preference is my base, and I'm telling you this only, it's not investment advice, but I've said this before, I only put my energy in things that I believe in. That may not optimize fiat, but money is a reflection of your energy. So I put my money where I want to see things go and where I'm also putting my time and attention. So I'm very heavily involved in Zeno,

but sometimes I live on crypto. Sometimes I have to swap to Monero or Sometimes even the stable coins, because I've got to pay bills and do whatever. But now I can use Zeno X directly. And so now I can buy my gift cards all directly with Zeno. Freedom Dollar is a really exciting project. Again, we had twenty seven trillion dollars for the transaction volume last year and all everybody's doing. is buying backdoor CBDCs that are backed by government treasuries. So fund the war machine while getting tracked at the same time. That should be the tagline for Tether and USDC. I'm not a big fan of either. I don't want my transactions monitored or censored,

and I don't want to participate in buying treasuries. Again, I ran for president, ditch the dollar. I'm not ditching the dollar if I'm Well, buying Tether. I am funding the creation of more dollars. I'm funding the creation of In fact, surveillance dollars every time I buy a Tether and every time I buy a USDC. Why? Because they had to buy, and in the future we'll have to back every one of those tokens, one for one with treasuries or dollars. freedom dollar is a completely different situation uh it is a private decentralized stable coin it's pegged to one dollar and it's pegged by code and not banks as you can see on here and so it's over collateralized so uh and it's backed by not

treasuries but it's backed by over collateralized xeno so so right now I believe there are eight hundred thousand tokens backed by Two point three million dollars worth of Zeno. And at any point in time, you can exchange your FUSD for Zeno at that peg rate of whatever one dollars worth of Zeno is at that particular moment in time. And there's no third party involved. It uses a peer to peer exchange with it. And it's an automated it's an automated process. There's no human in the middle of that. You can always exchange Zeno. one dollar one freedom dollar for the then market rate uh one dollar worth of xeno without any third party so this is in my

opinion this is groundbreaking and this thing has only been around for two weeks so almost nobody knows about it and yet it's already listed on like twenty exchanges It's already integrated in a bunch of wallets. So this is, again, why I'm excited. And I guess what I'm trying to do is get you excited as well and get people to start thinking about use. And you can use Freedom Dollars at various places. I'm working on a point of sale system, but there's another point of sale system called Zeno.cash. And I also want to say... I'm working on various projects, but my whole purpose is adoption. And so I will promote any

solid project with Zeno. My reason, if I'm building something, it's not because I wanna build something. Like I built a plugin for, WooCommerce and WordPress so that people can start accepting Xano. Coding is not my strong suit, but I'll do whatever I can to help spur adoption. But if somebody else comes along with something better, I'm going to support that. I'm going to support the entire ecosystem. Because from my perspective, the big problem to solve is to stop central bank tyranny and backdoor you know and stable coins is backdoor cbdc's that's an existential concern so I'm for working uh with with all of these different

projects but today xeno and freedom dollars are available on these four wallets so there's the xeno native wallet which, which I like. And by the way, I use all of these and a lot of these integrations, they're adding new features and there's a lot of things, you know, Zeno has aliases, but the aliases I don't think are implemented in any of the other wallets. And so there are pros and cons to each of these, but I generally, just because I'm passionate about it, I have wallets on all of them and, and am constantly testing out the different functionalities. So the Zeno wallet is, You can create tokens, you can use an alias. It's got a lot of really unique features,

including now, if you're using the mobile wallet, you can actually log into other applications like Matrix for messaging. You can log into the P to P exchange. You can log into something called Xanobay, which I'll get into in a minute, but you can log into it from a mobile device. You don't have to use a desktop. And a full web browser. That's actually a game changer because if you're, you know, if you've been involved in the Ethereum and MetaMask and everything else, that stuff is actually problematic and very easy to hack. So the ability to use the wallet. And a browser within the wallet and the ability to use your alias to log into these apps is a really

great feature for security. The Bitcoin.com wallet, I believe will be, I don't know this for sure, but I think they might be the first one that will fully integrate confidential layer. So that's a very exciting thing about that. Bitcoin.com is one of the And if you're not familiar, oldest wallets out there. I think there have been a total of like, And so this is really exciting because already within Bitcoin.com, you can buy other cryptocurrencies. You can use your debit card. You can do credit card. You can do a whole bunch of different things. And now they've added Zeno to it. So that's great exposure. Cake Wallet was the first. to implement Zeno. And as you know,

I've been recommending Cake Wallet specifically onboard new people because it's got the gift cards built in and the exchange and all of these other features. And now it also has Zeno. And by the way, with all of these projects, all of the people that run these projects and that are behind these wallets are all ideologically aligned there have been issues and more wallets but you know I you know and there may be used to recommend that people use um exodus wallet and then lo and behold exodus went public and now they're a publicly traded company with all these requirements and everything else and so they they're dumping monero And so if they're dumping Monero, they're probably not going

to add Zeno because the reason they're probably dumping it is because it's a privacy coin. All four of these wallets, the people behind them support peer to peer digital cash and support privacy. in a big way. So the Bitcoin.com people, Roger actually is the main person, I think, behind Bitcoin.com. He's not the CEO of it anymore. There's another team running it, but it's got kind of Roger's, you know, Roger is a big main supporter or owner of it, at least. CakeWallet, the guy that, Vic from CakeWallet is a huge Monero guy. In fact, I think he owns Monero.com and CakeWallet really started out as a Monero wallet. So there's a huge focus on

privacy with CakeWallet. In fact, I mean, CakeWallet has Zeno, Monero. It has Litecoin with Mimblewimble. And then he's implemented... He's always implementing, experimenting with features like silent payments and other things for Bitcoin. So I like all of these. And then Edge Wallet is Paul Pui. And I see Paul all the time. I've seen Paul in Amsterdam and Mexico and everywhere else. And he's also... a huge fan of uh he's a big liberty guy privacy coin guy and edge has monero and I think Zcash, it also has Pirate Chain, and they've implemented So I'm going through all some other great features. this just to say this is huge,

because if you've heard me talking about Zeno, most of the time you've heard me talking about Zeno over the last year, the only wallet was the Zeno wallet. We now have access to millions of people. And these wallets will also contain, I don't know if they're going to be whitelisted yet, but at some point, I think the Zeno wallet, at least, and the Bitcoin wallet, uh will whitelist the freedom dollar which means you don't even have to go through the hassle of adding the token address into into the wallet it'll just show up as kind of a pre-approved asset so this is huge for adoption you know if you want I'll give you a free dollar's worth of USD. Just send me your Zaino

receive address or alias, and I will send you a dollar's worth just because I want to start spreading this out. The hardest part for a lot of people is just getting a wallet and starting. This is the big barrier for this. People get overwhelmed. And I know I've gone through a lot of content and everything else, but even doing workshops and everything else, people are like, oh, it's this daunting thing. Just do... download a wallet and give All you have to do is me your address like there's no you're not paying for anything. I'll literally just give you give you one. I gave away thirty four dollars. I was on day thirty four of my fast. And so I gave away thirty four dollars worth of of FUSD.

just randomly to people on X, but this is a good way to get, get the ball rolling. So you can reach me on Twitter or on signal at ARD dot seventy six or less preferred is email art at daylight freedom dot org. But if you reach out to me there with with your Zeno address or your Zeno alias, I'd be happy to send you some. And I think the more people that we can get on board with this and to start using it as quickly as possible, because again, this is by far the best solution that I've seen to tether in USDC. It's unstoppable, it's private. you're not buying these And again, treasuries and supporting the central bank tyranny. So it checks all the boxes

for me and it's built on Zeno and has Zeno level privacy. Some other projects, Zeno Bay. So this is a peer-to-peer marketplace. I don't want to call it Silk Road because there aren't illegal products on there. But anybody can join. And as you can see, there's an ability to spend Zeno, ability to earn Zeno. And I think this is important. When I had my webinar with John Bush today, we both agreed that one of the best ways to get crypto is to work for it, to sell products or services for it. And this is a way to not have to deal with these central

uh exchanges as well I mean so for me I'm you know moving all entirely into this I don't I don't earn fiat I don't have a I don't have a bank account and and so I'm entirely in this ecosystem so if you have a good or service that you can sell it's news there's not a lot of stuff on there right now I did put my the second edition of my book the final countdown in there which i have updated to include an emphasis on privacy coins and actually a lot of the stuff related to Zeno. I haven't even posted it on Amazon yet. The only place you can actually buy it is on Zeno Bay. So I encourage you to take a look. You can associate your alias With your account, you can actually log in and

verify using the browser that I mentioned earlier, the mobile browser. You can kind of authenticate who you are. And so there's the ability to build in a reputation management system here. you can't see the individual So again, transactions that somebody has done, but you actually can validate that transactions were done and are tied to somebody's alias, which is actually a huge feature. One of the other features of Zainabay is that there's a secure chat. So when you... set up your account, you get a PGP key, and then you can use that PGP key to send encrypted messages. So this means buyers and sellers can communicate, you know, completely privately. So, so again, this is a, you know,

a peer to peer marketplace, no third parties with encryption tied into the alias. And then moving forward, there is going to be additionally the ability to implement a escrow system, which I've talked about before, which Zeno used to have. And then they upgraded the consensus mechanism. They're building it back in. But it's this mutually assured destruction model. So let's say, you know, I want to sell you a baseball, a fifty dollar baseball card and I don't know you and we don't necessarily trust each other. I could put fifty dollars into escrow, you put fifty dollars into escrow and then the escrow isn't released until we're both satisfied with the transaction. So this way it's again,

it's a mutually assured destruction model. We have a both have a financial incentive to work it out amongst ourselves without needing to have a third party. So this is powerful. um I in fact I have a lot of ideas around this I hope to talk to the xeno bay people because I you know I could see the the question for me is do you have one marketplace or do you do you have different marketplaces because there are different ways you might want to lay out and rate and do things with products or services but maybe have the ability to um share the reputation management system or whatever, but I don't know, but this is really powerful. The fact that this exists is great. And again,

this is another thing that's only been around for a couple of weeks. So it's very, very exciting. There's also a private, you can create private NFTs on Zeno. And this is important as well. You've probably seen there's been a lot of people with these expensive NFTs that have been hacked or, you know, or, you know, identified. And the going back to the Michael Saylor analogy, this isn't just about governments. It's actually not safe from bad actors to for people to be able to see what you own and to be able to track that down. I mean, It's horrible. we do we should have a natural right to to privacy but there are other things you can do with these private nfts I mean you can imagine you

know private nfts being used as like tickets to a an event where now you could you you know you buy a private nft that's a ticket to a concert but but but nobody knows necessarily who you are so you can gain access to an event without having to reveal your identities there are a lot of applications of nfts that aren't just hey here's a picture of a monkey with you know eight hundred different variations that were created in automated fashion using adobe there are a lot of cool cool things you can do so that's obscura dot art I believe so and then I'm working on karma which I've talked about a lot and uh What's slowed it up, and I think I've mentioned this before,

is the way I was going to get Karma into distribution was through a point of sale system through a swapping service. So what I found that the use case is there are a lot of merchants that want to accept crypto, but they want to get paid in something that's not crypto because of the stability. So now there'll be two options. Now there's FreedomDollar, which is great. And in fact, I may even play around with some ideas and talk to the Freedom Dollar guys and see if there's some tie-ins that we could do with gold and tying in this algorithmic stablecoin process. But a lot of people wanted gold back. they because even fiat itself so yeah you may get paid in a stable coin uh

you know you get that's you know one dollar per per token but but the dollar is losing purchasing power it's lost just since so a lot of people if they could would love to get paid in a coin that's actually tied to gold because that's actually even superior to fiat but I need a point of sale system and and because the only way to generate fees is and I need fees to be able to cover the storage and insurance cost of the gold itself is through the swapping services somebody pays with monero or pays with bitcoin and then the merchant ends up receiving on the other end uh karma and there's a small transaction fee uh that goes to to karma that actually covers the cost of

of running the network and and the insurance and storage so I need that part unfortunately I thought that we were going to have that launched in November of last year. The point of sale vendor, a company called Now Payments, who I've used and had recommended in the past because of They're in Europe because of the privacy coin regulations. Not only are they not going to be adding Zeno, but they're probably going to be dumping Monero and other privacy coins as well. So I'm building a point of sale system that basically does the same functionality that NowPayments was going to do. And I'm in the middle of that. In fact, it's just kind of a funny story. I got really far along during the fast.

I'm like from day fourteen today. and and now that I'm recovering from the fast I'm trying to remember what the hell I did I mean it's kind of embarrassing but I'm actually I got so much work done but now I'm like wow what did I actually do so I'm doing a little bit of backtracking on that but that's what's going on there and so the point of sale system I'm technically I'm calling it quano for now but I may not stick with that name but um but the idea behind it is really easy to use point of sale system, but that will accept Zeno, FUSD, and will accept the bridged Bitcoin, Bitcoin Cash and Ethereum. So, and the plugins that I've already created, I consider to be part of

this point of sale system. So the WooCommerce plugin that you can download today on GitHub and plug into your site, I'm going to be adding to those plugins so that you can take these other currencies. So that's gonna be part of the point of sale system, but it's going to be privacy first and no, I'm not going to take any transaction fees. This is actually part of the risk of this. If you're taking transaction fees or whatever now, now you're part of the transaction. transaction fees. So there are going to be no You'll be able to log in with your wallet and it'll be a complete pass through. it's going to come from the If there are any fees on it, swapping service element of it. But in no way,

shape or form am I going to take custody of any of this cryptocurrency. So if you're the merchant, you're going to get paid directly, whether it's a direct pass. Like if you're taking Zeno, you'll take Zeno directly. It'll come from the customer's wallet directly into your wallet just through our interface or. using the swapping service, the cryptocurrency that the user uses will be swapped to the currency of your choice, but at no point will that be in my custody, that will be handled by the swapping service. And so anyway, that's essentially how that's gonna work. I'd like to have an alpha of this by Porkfest, Unfortunately, Freedom Fest came up. So if I can't get that done,

then I'm just going to use this Zeno.cache, which is the other point of sale system that somebody else developed that looks really cool that also takes Zeno and FUSD. And so with that... I've shown you this before, but just as a recap of where we are. From a CBDC tyranny perspective, the ultimate DEF CON five level is one global CBDC backed by energy credits tied into social credit systems and AI and all that other stuff. we're not there yet that's level five we're at level three but level three is pretty bad our money's digital it's programmable it's trackable and if anything I would update this now to maybe level four being a uh stable coin as a backdoor cbdc because

that does actually ratchet ratchet things up correspondingly on the freedom scale um you know the end goal for this is at least in my view people are doing peer-to-peer transactions with no third parties completely using privacy coins. And where we are right now is, you know, I'm being generous in saying we're at level three, but we're kind of, but with all these new tools that have actually been deployed on Zeno, I'm really optimistic that we can start really ratcheting this up. So, you know, so right now it's like you may use a wallet, you may buy gift cards and but we now have the tools all this other stuff, to start focusing on adoption. So, so again, I know this went long,

but to recap, this is really urgent. The stable coins mean CBDC level surveillance gets integrated at scale and under control by the US Congress, which has already implemented all of this tracking and surveillance through the Bank Secrecy Act, through the Patriot Act and through everything else. So we're about to take digital tokens and throw it into this legal and regulatory regime that is already ridiculous. And in so doing, we're also going to create a vector for the United States government to sell more treasuries and spread more misery around the world. So this is urgent.

This is worse than the outlook was six months ago. I didn't even think about this, actually. I'm kind of surprised that I didn't think through this, the implications of how bad this is. But this will pass. This will pass the Senate. It will pass the House. because there's no one to stop it and the politicians and everyone else actually don't even understand it but there's really no way to to stop it but what we can do is combat it so on the flip side to that there's a lot of optimism a lot of enthusiasm about the entire xeno ecosystem and these projects that are are live and can be used right now today and so What's going on is between Freedom Fest and now Pork Fest,

we're going to have an opportunity to be in front of three to four thousand people. And so I'm going to work with the different projects in the ecosystem and everything else to come up with some good ideas and some simple ideas and ways of introducing people to this. But this is really a great opportunity over the next month or so. to really get people to start using these things. There's more stuff going on. I'm really impressed with the entire ecosystem. As a side note, my real belief is that moving forward these projects are all about that will tell you well people there are people it's all about the code but we're in a rapid environment with a lot of

moving parts where we have to be able to compete and bitcoin got bogged down by technocrats and by people that decided they wanted to ossify the code and they wanted to set it in stone well I'll tell you something You know, one, everything has risk, but this Zeno team has been around forever. The lead developer created, was one of the creators of CryptoNut, technology behind Monero. which is actually the This guy's like an OG OG. And the Zeno project itself, has been around for five years, but there was even a predecessor project prior to that. So this project's been around for like seven years. So they've got a track record on this, but I've had a chance to

spend time with this team and this guy, Andre, the lead developer, the thing that I'm impressed the most about is He's incredibly thoughtful and he's very interested in seeking the truth and collaborating. So he will actually go out and seek people that work on other projects, you know, like so they're always trying to improve the consensus mechanism and everything else and stay one step ahead of the curve. So they're always doing research and very deliberate about what they do. And obviously very concerned about, you know, getting something wrong. But they're researching this thing on the cutting edge of everything from, you know, this isn't out of school

because I heard him say it in Amsterdam. But they're working on right now their one minute block times. And they think they may have a breakthrough to be able to reduce this to ten second block times. where you'll actually have like you know finality of a transaction in you know like a minute or or something like that like it just you know groundbreaking in terms of what this means for speed and scalability they're also looking into quantum resistance so the whole point is this is about picking a team because you're going to be attacked by all kinds of different players and all kinds of different situations. And I've been really impressed by, by Andre, by Pavel and Val.

That's really the core technical team. Pavel and Andre are the two, the two founders, but Val does a lot of the research and actually created the uh the private proof of stake model and I believe also figured out how to do the uh the tokenization aspect of this there are other people that are coming on board now to help work on I think there's a new xana wallet coming out with an upgraded ui and they're really great and pavell in particular is the point on this in working with other projects uh they're actually helpful in trying to build out an ecosystem and I think the philosophy for these guys if you're talking to them is they're really passionate about

decentralization and censorship resistance and privacy but the view xeno is again it's it's a tokenization platform for tokenizing other assets and other assets include other cryptocurrencies so People like to look at these things as, well, how does this compare to this? Well, this helps take Ethereum, take all the great things about Ethereum and add privacy to it. Take the great things about Bitcoin, such as they are, and add privacy to it. So it's something that's additive to other blockchains. What it's adding to other blockchains is is privacy and so it's also adding privacy to other assets that aren't blockchains and so this is you know kind of an eye-opening thing I might

do a the whole talk on kind of Eureka moments because I've been studying this now and using it for a year and they're probably like five different points in the process of understanding how it works where it's like wow this actually is a major profound improvement on what already currently exists. It's kind of like the fact that it's private proof of stake. You know, Ethereum, I've never liked proof of stake because I've always associated proof of stake with Ethereum. And Ethereum is like, you have to have a lot of it in order to be able to stake. And then it's transparent so people can see who you are. So that means that people can be leveraged and hacked and everything else.

And so it seems like kind of an oligarchy model. With Zeno, it's like anybody can stake. And when you actually dig into the details of it, it's actually more secure than proof of work. And people never even want to have that conversation. And it's private. It's like, wow, okay, well, there's a eureka moment. And then there's several other eureka moments behind that. So I may try to articulate that. I see IM for IM is here. I don't know if anybody wants to join to do a Q&A or just make any comments or ask any questions. Happy to go through that now. I mean, I know this went on for It went on for a while, but it really is important.

I don't know how to scream it from the rooftops enough that it's a train wreck watching this Bitcoin conference. It is so frustrating to watch. And then it's wrapped in this patriotism and this idea that, yeah, we're going to control these goddamn, stable coins. And it's like, wow, okay. So you really are going to cheer on your own enslavement while funding Bitcoin. the debt in the war machine. It's like, I, and, and I know they don't know that that's what they're doing, which is why I'm trying to lay this out. Although this was too long of a format and I've got, I don't even know how to convey it, um, uh, concisely enough, but you know, whatever, I'll try to come up with some

memes if anybody has any other ideas. But again, I don't, I'm not going to ask you to write your Congressman or waste any time on that. But if anything, my ask would be, um, I see mandatory myocarditis. If you could actually just message me this, your address on Twitter, because when this is done, I'm going to lose this. Well, I guess I won't lose this comment stream, but it would be easier if you just send it to me directly, because I've got a whole bunch of requests from the thing that I did earlier today, and I don't want it to slip through the cracks. And for those that are joining late, Send me on Twitter at Aaron Arday or on SignalARD.com. Your Zeno address or your Zeno alias,

and I will send you some Freedom Dollar, F-U-S-D. Again, I just want to get this going. I want to show you how it works and just get you started learning about it, playing with it, because I actually think this is going to be a – a big deal you're also going to be able to set up a node to help the network that's coming soon as well but I I've been really impressed with the team and everything that they've been able to put together exchange listings it's just and now with over twenty absolutely incredible the work that uh has been done so in any event let me uh

you know, I'm so far behind. I haven't even been able to message the people that normally join for the q&a. So let me let me do that. And you know, I am I do want to try to do these podcasts regularly. the target was to do this once a I mean, week on Thursdays, but the travel has been really bad this year. And So hopefully during the summer, it'll get a little bit more regular. In fact, I have a whole queue of guests and people that want to come on and really good guests. I'm going to be live streaming in some capacity at Porkfest.

So there's going to be a great deal of content coming out of that that you can look forward to. But again, I stress, if you can go to Porkfest or Freedom Fest, but definitely Porkfest, please come. Ross is going to be there, the whole privacy tent. saw the aggress I mean and I know what I wanted to do my entire vision for this was to bring you know roger veer energy back because that's so many people got started on bitcoin in twenty twelve twenty thirteen because of roger and his message and then it's turned into this You know, nobody's using it and whatever, but we need to bring it back. And I was hoping to not only bring his energy back, but I was hoping to bring

him back and have him attend either virtually or in person. And I'm still hoping that that's the case, but man, timing certainly seems to be dragging on. a wee bit longer than I would have liked. So, Hey, I am for, I am, I don't know if you're, if you're still there, if you see this, I've put the link to join in the, um, in the comments. So if you want to pop in, um, sorry, I didn't get you get, get this to you earlier. The whole day kind of This is the whole thing. slipped away from me a little bit. Um, let me see if they're already, you know what? I haven't gone through all the comments here either. I don't know if some of these people are even there. Um,

Has anyone mentioned Roger at the Bitcoin conference? I don't know. There are some good people at that conference. I mean, Mark Edge is there. Angela McArdle is there. Ross is there. Lynn is there. I know Lynn's a big supporter and Ross is a big supporter. Carla is there from the Free State Project and some others. And I know they were handing out cards and promote and pens and promotional materials so I think they were shut down after doing that for a while but the word is getting out I but I have not seen a main stage speaker talk about it or see any commentary about that and that's a little bit it's a little disappointing to me it's not really surprising but it's still disappointing um

see what else uh check out my free roger decal decals this is from crypto king silver sailor yep I've seen those yeah he's actually selling free roger decals uh on xeno bay so I encourage you to check that out um I just hear people crypto people cheering for the bill because they think regulations are good for mandatory myocarditis yeah I mean I don't think that they know what I think that they're buying the the thinking it through when uh talking points without what's his name uh david sachs talks about you know it'll be great for you know american global reserve

currency status and everything else people get do they cheer about that and don't really think about well why is is that actually important does that mean anything does that benefit me is that Why is that a positive or a negative? So, I mean, again, for a lot of people, I try to be compassionate about this because I understand that people are not taught about money. The schools do not teach people about money at all. about how the Federal They don't teach people Reserve actually works. So you have to become aware of the fact that you've been fed money. a completely fraudulent explanation of how money in the economy works so you have to become aware of that and then you have to

go through trying to deconstruct and figure out what it's all about and so I know most people don't do that the problem one of the problems with having roger not able to talk is that that his voice would actually he could educate people he has educated a lot of people And that message is not getting through at all. No one's talking about that now. People have, I find it frustrating that people want a Bitcoin strategic reserve that is built on the stolen coins of the people that created the industry. Like that to me is, when did we, so thievery and theft is now okay? I mean, you know, some of these same people

We're saying taxation is theft, but now they're perfectly okay with additional outright theft if it'll pump their bags. Freedom Fest and Pork Fest? Yes. Freedom Fest is June the eleventh through the fourteenth in Palm Springs and Pork Fest is June the sixteenth through the twenty second in Lancaster, So I'll be at both. New Hampshire. You know, I mean, if I had to pick one, I'd pick Pork Fest, although they're both but they're both valuable for different different reasons. I think Freedom Fest will actually be great for getting this message out. I've been to Freedom Fest before. If you've never been to Freedom Fest,

You know, Steve Forbes is often a speaker. And I've been there at various points in time. Peter Thiel has spoken. I've actually spoken there a couple of times. I was on a panel with Charles Murray, the guy who wrote The Bell Curve. And then I gave a keynote speech that I was thinking about it today. I can't even remember what it was about. So they have a lot of speakers. But in the past, the emphasis was always it was always a big precious metals thing. So when you see the sponsors in the tables, it was always gold and silver. I mean, this was like twenty fourteen, twenty fifteen. But but it still was never a big crypto focus. But this year I think because Ross is speaking,

I think what it is is that the crowd maybe tends – and since I haven't been there for ten years, I may be wrong on this, but maybe it tends to be a little bit older. But this might be a way to bridge some of this. So I think this is going to be an audience that it will be beneficial to – explain roger's situation and I'm sure none of these people will have heard of zeno or freedom dollar so uh because of all the hysteria about stable coins freedom dollar is such a stark it's so starkly differentiated that I think a lot of these people will will find it interesting because they liked precious metals and self-custody precious metals uh for for all these reasons and so there is a

interest in financial privacy the last time I went to Freedom Fest was and I remember there were protests because Trump spoke um and it's supposed to be a libertarian leaning um convention so it's going to be interesting to see how it goes how will Xena protect itself when Treasury legislates to control or even criminalize it well again A couple of things. One, the United States is just one country, and I think we represent like, seventeen percent of the GDP. Zeno is not located in the United States. Zeno is an open source project, and it is a privacy coin. it's criminalized I mean we're at a point right now where we have to decide

whether we're for morality or whether we're just going to comply with tyranny I think the whole point behind this is we need to build systems where we're not asking for forgiveness or permission this is about having the ability to engage in voluntary trade to spread freedom and to stop the violence of of central banks and authoritarian states that are actually merging into a gigantic global technocracy so I mean the way that it protects itself is by continuing to constantly stay ahead of the curve um with respect to encryption and making sure that the transactions are are private uh and to make the tools usable but you know okay they can legal they can make it illegal and so what

that how are you gonna find my transactions? I mean, I'm gonna use it anyway. I mean, and I think that's, we're at that point. Once you realize how surveilled the existing transactions are, people would wake up to exactly what's going on with the tracking today. More people would be on board with using these things. But I mean, think about how many times Bitcoin has been banned. Bitcoin has been banned. I don't even know how many times now. I can't even keep track of it. You know, there's banning something and then there's enforcing the ban. But to that point, Europe is actually ahead of the curve on that. Europe is putting in place anti-money laundering laws and essentially banning

privacy coins by twenty twenty seven. I was just in Amsterdam and if anything, Well, that's advertising. for privacy coins. And by the way, it should be advertising for privacy coins because when the head of the ECB we're gonna implement a comes out and says, EUCBDC and we're gonna ban privacy coins, if that isn't motivation enough to get into privacy coins, I don't know what is. I mean, that is ultimately why you should get into these things. now again with the stable and genius act they're already um trying to put a

ban on a moratorium on algorithmic stable coins but the brilliance of this freedom dollar thing is twofold one at least as legislation stands right now it's a two-year moratorium well they've already created freedom dollars so it was launched before any moratorium was put in place again it's not backed one to one by treasuries or whatever and you know so so what I mean I think that there are ways you know things I was thinking about what this is one of the with the gold backed token was actually I've also been kind of waiting to see how this legislation goes because instead of calling it a gold-backed stable coin making it so that one unit of the uh of karma equals a physical unit of

gold so it's not pegged to the dollar it's pegged to a physical quantity of gold, which of course is pegged to some dollar value still at some point, but they're kind of like ways that you can weasel around the legislation because they have different rules for for commodities but at the end of the day it's like again if you can get enough adoption quickly enough then it becomes hard for them to stop I mean tether's managed to not ever pass an audit and now has a hundred and fifty billion dollars worth of uh of value and it was just threatening the public reduce adoption to the point of irrelevance so the way that adoption needs to work and this is something that I mentioned earlier,

about by the end of the summer, which I'm going to talk what we need to focus on are goods and services that people actually need, kind of Maslow's lowest hierarchy of needs. And this is about food, health, healthcare, these types of categories, categories where the merchants have already been debanked. have already had issues where they understand fundamentally that they've had their ability to engage in voluntary commerce already halted. So you're gonna start with early adopters. There's often a confusion with this where people assume or think that, oh, well,

this has to hit mass adoption right away. It never does. early adopters, excuse me, innovators are like two and a half percent. And then it goes to early adopters. There's like, it doesn't get to mainstream until longer in the process. So if you can get those early adopters and you get those early adopters in categories that are already disenfranchised, but also very valuable, and then they start trading with each other, then what ultimately will happen, what we know the formula is for rolling out things like CBDCs is they roll out in an emergency and they use fear and they typically do it where it's a panic situation, you have no other options.

If we build out things like Zanobay and we build out marketplaces and tools for merchants to be able to accept these things, then when that emergency happens, we're actually able to present an alternative. So somebody says, well, you have to take the CBDC. It's like, well, hey, why not plug into Xanobank? Why not plug into WooCommerce? Here's a directory. You can go to zanolist.com and you can see a whole list of all the projects and merchants and so forth that are being built on Zano. So you can actually present someone with a choice. That's gonna require us working very aggressively to build this stuff out. But I wanna be clear, none of this is actually illegal now.

Zano is not illegal in the United States. Freedom dollar is not illegal in the United States. And so, you know, let's go at it now. And, you know, adoption is the best way to kind of kill that. I mean, if you get enough people using it, then it'll actually be much, much harder to ban. And then a certain percentage of people just aren't going to care because, Okay, you banned it. you know what? You still can't track it. how are you going to enforce I mean, something that you can't even track? But it does highlight, and we should come up with some more ways. I'm gonna dig into some more research. People need to understand exactly how bad the tracking is with Bitcoin.

in particular with chain analysis again you somebody can take your public key and dump it into this chain analysis database and then that's connected to all of these other databases of transactions then that can be mapped there are so many people they're like well I don't have to worry about this because it's you know it's easy to keep your bitcoin private if you just do a b and c it's like yeah no you didn't think about what happened if you You did a peer-to-peer transaction with somebody and that person got raided and they gave up the information. And now all your shit's tracked because once they find one thing, then they can reverse engineer the rest of it.

And people are not thinking this through. There's a lot of arrogance on the part of a very small group of people. And it's a very small group of people that even think that they're doing this safely and securely. Most people are not doing it safely and securely and aren't even aware of the fact that they need to because they're not even aware of the fact that it's tracked. They still think that it's anonymous. And so... This is going to be a really bad situation. there are a lot of OGs and And I mean, early people that, you know, once they found out about chain analysis, now they're all worried. Now they don't want to spend money. Now they're like, oh, God, can I hide?

You know, can I now not get caught? So... It's a very unfortunate situation. And I do want to talk about one other thing that happened. So there was an announcement by Jack Dorsey that Square is now on a limited basis taking Lightning Network. So you can use Lightning Network to pay for things at your Square point of sale kiosk terminal. Well, here's the problem with that. And then the press release goes on to say, well, yeah, we're going to roll this out broadly subject to regulatory approval. So if I've talked about this before, but if you're not familiar with how Lightning Network works,

You're excited to basically load your Lightning node with Bitcoin from the base layer. So you still, Lightning is supposed to solve the scalability problem of the fact that you only have these one megabyte blocks and can only do seven transactions per second. The problem is to access the Lightning network, you still have to make a transaction on the main chain. I will say also as another side note, I just saw that literally the blocks are empty. The Bitcoin blocks are empty. No one is using Bitcoin. So that's and that will have ramifications down the line, because that means that miners aren't getting transaction fees. And the only way miners can continue to spend all of

this money running all this expensive equipment is if the price just continues to go up. And that's not really the it's kind of a horrible setup and not how the incentive structure was But anyway, created for Bitcoin. because of the way Lightning Network works also, like, let's say I want to send I am for I am, you know, fifty dollars. And the whole point with a lightning network is you find paths to to connect people. So but if I want to send him fifty dollars and there's an intermediary, the truth man, let's say, is is in between because I'm not connected directly to I am for I am. but I'm connected to Truthman and Truthman is connected to IM for IM.

Well, let's say Truthman doesn't have fifty dollars loaded into Lightning Network and say he only has twenty five dollars. Well, that means I actually can't go through him. He doesn't have adequate liquidity. So what this all means is you end up with these formations of large centralized liquidity pools. So Square, Dorsey's company, is going to become a liquidity pool so when jack dorsey says um subject to regulatory approval one of the problems with lightning network and this actually a bunch of wallets like exodus and others stopped accepting lightning there stopped being a liquidity pool for lightning network because

there's no kyc aml you you can't actually track that stuff and so they preventatively said well I don't want to end up getting into trouble with this So what Dorsey is going to end up doing is he's going to be the liquidity pool and he's going to track all of the transactions. He's going to report all of the transactions to the authorities to comply with KYC AML. So it's going to be completely centralized, layer two, which at the same time destroys the incentives of the network, because every time somebody does a transaction, once you've loaded your stuff on the Lightning Network, once you do transactions through Lightning Network after your money is loaded up there,

there are no fees that go to the miner. So it destroys the incentive system, and then you're still gonna end up with KYC AML anyway, because Dorsey's company is going to be required to do it in order to get regulatory approval. This is what happened, by the way, not KYC AML because it's a different country, but El Salvador, when they launched Bitcoin and they said, hey, this is legal tender, they gave everybody this thing called Chivo Wallet, which was a non-custodial centralized wallet that the government could track. And in fact, happened when they launched it one of the first things that was the wallet got hacked and every citizen in el salvador was doxxed so anyway this is what we have

coming down the line from from jack dorsey and so people are celebrating this like oh yeah this is adoption this is like okay again one it's centralized and two it's tracked the whole bitcoin white paper was about peer-to-peer digital cash with no third parties now square is going to be a third-party liquidity pool with tracking and so it's you know again by the way by the book hijacking bitcoin because this book goes into And I made a bunch of memes a lot of detail. and everything about this as well, but it goes into the Lightning Network. And there's some interesting properties. I don't know what the exact stats are, I think,

but based on the small block size, it would take, you know, decades for everybody to get onboarded to the lightning network. And you would still need to increase. And I think in order to be able to get everybody on board to lightning network, you would have to increase the block size to a hundred and thirty three megabytes. The bottom line is they just did not think this through at all. Like Lightning Network was never conceptually sound. And so now the way that Jack Dorsey is implementing it provides absolutely no benefits to the security of the network and no benefits to the privacy of the users. And so this is the kind of patchwork of stuff. I also saw, I think yesterday or today,

that Tether is going to offer, that Tether will be offered on Lightning Network, which that's a whole, I can't even begin to process. There's a level of, probably in my opinion criminality going on here with tether and Bitcoin that will make the big short look like you know stealing somebody's like lunch money from you know a lunch money on the bully stealing a kid's playground because tether as I've said has not passed its audits But then there's this like cyclical thing that happened where in twenty seventeen, I think the University of Texas or some university in Texas did some analysis that seventy percent of the

increase in the price of Bitcoin was due to tether. Well, I mean, imagine a scenario now where tether was just creating tether out of thin air, kind of like the Federal Reserve. It's like a second layer Ponzi. It's a Ponzi on top of a Ponzi. They're creating fiat. that's backed not even by fiat. And then that's being used to buy Bitcoin that then pumps up the price of Bitcoin. And then there are all these interconnected companies, there's an exchange involved in all of this and these overlapping entities. And so then at the end of the day, they pump up the price and then they end up owning a bunch of Bitcoin. It's a really bad situation, but it's at the point now because you have the

Secretary of Commerce involved and all these other people involved they'll probably bail some of this out now I can see tether getting acquired by a consortium of banks I can see tether going under and getting bailed out I can see a situation where something bad happens to tether and the federal reserve gives money to jp morgan to buy tether because at a hundred and fifty billion dollars now um we're talking about something that's actually a pretty big impact and if david sachs and all these government officials are counting on stable coins as a way to sell treasuries to fund all of this debt then they're going to do everything that they can to cover it up and to prop it

up so we're entering uh really real weird territory and there's a separate point like I tried to get to people in the Trump administration to warn people about this. Like I went through, I mean, I know people that are connected into, into his administration. Like guys, you really need to worry about this tether thing. Like I took the approach of like early on. It's like, okay, shouldn't we be warning the Trump administration? Like, you know, shouldn't, shouldn't he be reading? Shouldn't we be getting copies of hijacking Bitcoin? And the same was true with RFK. RFK's running mate Shanahan was, from Silicon Valley her boyfriend runs a lightning Network company so RFK all

of a sudden becomes really interested in Bitcoin and and I'm like all right you know whether he's I I don't really at this point believe in any of these politicians or any of it I I don't I wouldn't even assume they have positive intent but if I did assume that RFK had positive intent and I look at the you know some of the stuff that he's done with vaccines and all this other stuff where he'll actually consider information and make an informed decision. And I'm kind of like, well, why shouldn't we be getting him a copy of hijacking Bitcoin? And, you know, and a lot of people were like, as I was trying to get introductions to influential people, yeah, a lot of the feedback that I got back was,

well, you know, which seems to be true, by the way, Trump doesn't like to go back on positions. I mean, I'll ask, you know, if anybody in the comments can back this up or not. Have you ever heard Trump say he made a mistake? I mean, he's almost like, you know, sunk fallacy maximalist or sunk cost maximalist. It's like, all right, well, if he goes in on something that's a bad idea, he's never going to, he's not going to reverse his decision. And so now that he's committed to this position, which is kind of a, it's really unfortunate. And I hope I'm wrong on this, but I think it actually is a little bit,

it's one of the reasons that I feel bad for Roger, which is the more time that elapses, now it's like Roger's big on, which we all should be, the truth. And now there's a growing body of people that don't want the truth to come out. And now more and more people have more and more incentives for the truth Not to happen. And so I that bothers me a lot. And it bothers me that I actually spent some time in addition to whatever I say publicly, I actually spent some time trying to get the people to have a conversation. And I was told, well, he's not going to want to hear this. I'm like, look, what if I'm bringing you the big short two point oh, what if I told you the big short two point oh is going

to happen in the next, you know, twenty four to thirty six months? Wouldn't you want to know that in advance? And I actually got from like three different people that I was trying to get to Trump that now he wouldn't want to hear that. And so at this point, I'm kind of like, I don't know what to do. I don't know what to do about this. I guess where I come out on it is the only thing to do is build. And I'm excited about the building, but I'm not at all excited about, I don't think politicians are receptive to the truth. The truth is not, it's not even a criteria of marginal interest. So I don't know what to do about that. You know, if anyone wants to join on here for a chat,

I know I've got a couple of other people that said they were going to join. Let me see. Let me see if... See what we got here. I'm happy to keep talking a little bit about this, but if anybody's got any ideas also about, so another thing that I wanna bring up is it's just, I think the opportunity for this is not people that are already in crypto. So the divide and conquer strategies work. You basically have twenty thousand different cryptocurrencies now, and it's almost a kind of a religious enterprise at this point. The amount of energy required to convince

somebody that's a Bitcoin maximalist. I'm not saying that no one's going to convert, but the amount of energy. To get somebody to change their thinking, it's a lot of energy to make that happen. And it has happened on a few occasions. I actually have had some people that were early on, not even necessarily about the privacy stuff, but when I was talking about hijacking Bitcoin, people have never been exposed to the ideas. And I will say this, most people have not been exposed to these ideas. The overwhelming number of people, they're shocked by it. But once you learn it, you can't unlearn it. I had one guy who was like, yeah, I've now lost my entire friend group because I

can't unsee this about this. But in particular, the Bitcoin Maxis that started out as libertarians and started out and got into it because of the central banks and the wars and everything else, they know better, but they're opting for the fiat gains. And the statement that I like to say is that, you know, early on people looked at central bankers with disgust and it turned out it was envy. And these people are, they're becoming central bankers, but that doesn't mean all is lost. I think the key moving forward is to be strategic about who we go to. And so people in health freedom, people in food freedom, people,

second amendment people, I actually put together a list of twenty or so different categories. These are people that when I talk to them, yeah, they're now saying, oh, yeah, well, I've been debanked. And now that I'm learning about the Federal Reserve, this isn't a great idea, but they're not technical. And so this is where the problem becomes making these tools easy. But I think we're going to get more onboarding from from. from new people. There is a guy, and I see Ed McClain is here, Pat Ford, who has been a prominent person involved in libertarian politics, and now he's running the Libertarian National Convention. In a couple of years, he attended one of the

workshops that we did in New Jersey. And in all of the years that he'd been exposed, To crypto, he'd never done anything about it. And after that workshop, the next day, he was taking Monero and Zeno. And for projects that he has, he has a fundraising site to help privately fund disaster relief. So again, the idea is using voluntary charity and voluntary financing to replace, you think of it as a FEMA, but not government. And so he called me, he's like, you know, he wants me to speak at this event. He was really excited about it. So here's a guy that had been exposed to it for years, but didn't, didn't find, you know,

finally jump into it. There are a lot of people like that. And the good news is that when you're talking to them, they aren't, they aren't already in a crypto where they have an emotional attachment to it, or they have a bag that, you know, they, they either want to hold on to or don't want to hold on or don't want to sell or So I think it's about being strategic because I've spent a lot of time with Bitcoin Maxis and I've been blocked by almost all the core developers and Max Keiser and Michael Saylor and all of those guys. They actually have a GitHub, a list. list of people that they just outright banned they don't want to have

conversations roger uh and another friend of his offered bitcoin core developer at while now blockstream I think ceo adam back five hundred thousand dollars to have a debate and uh and he he denied he denied that they don't want their view is well we we had this debate you know some years ago and now um it was decided and now we don't want anybody to hear about it. And the thing that I find is that when people that weren't there seven years ago, which is ninety nine point nine percent of the planet, when they hear about it, they're like, oh, my God, this is horrifying. I had no idea. See, I am from no solutions from D.C. People are worried about

jobs being lost to AI and robotics. How can we have them join our fight for monetary freedom? One thing I would say is on that, like this Zeno Bay, Which just launched. One of the things that I like about it is, I mean, it's new. And it has, you know, it doesn't have very many products on there now, but there's like a tab for, you know, earn Zeno or either you're selling, you can actually sell services. So I think the fact that there's a marketplace on there where you can now start to earn cryptocurrency in whatever way you choose. I mean, there's somebody on there put up a concierge service. So, hey, pay me to do whatever it is.

And so whatever you want to come up with, now here's a marketplace, a global marketplace. where you can privately sell sell services and come up with with new business ideas. So I think that I think that that's a good idea. use xmr yeah I mean exactly so edward mclean says an xm xmr bazaar is another another solution we need to build these out I I happen to think that we're probably going to want to have some niche marketplaces as well but maybe tie in some of the reputation management features I haven't really fought thought all this through But I think this is a great way to do it.

Now, the AI and robotics thing, again, I don't know what to think of it yet because there's a certain aspect of where the productivity enhancements may be so big that are people going to have UBI? And UBI is an interesting conversation. I mean, I'm viscerally against it. If it's issued by the state, I'm almost wondering, is there a private, I don't know if there's a way to privatize some UBI concept, but Milton Friedman actually supported the idea of a negative income tax. So, I mean, it is actually conceivable that the productivity gains are so high that people don't

actually have to work to survive. So there's some base level. And by the way, when I say that, I have no idea how that will work with the explicit understanding it should not be done by the government. But I think these productivity gains are going to be that high. Or we end up turning into a two-tiered society where you have a technocracy and then you have everybody else. And in that case, if we're all opting out of the system, then... then everything's still on the table because you may be outside of the robotics system. I don't know. I mean, there's still an opportunity for farming and a whole variety of other different things.

And so, again, I think use these marketplaces now. And I think people should just be adaptable. I think that the specialization that has happened through the university system is going to lead to a lot of suffering for people who bought a failed narrative about special left brain specialization and then went way the hell in debt about that. I think that's going to turn out to be problematic. But the most important thing that you can do is be adaptable. And this goes to one of the things that I was talking about. that I want to do with Daylight, which is to help people become aware of the fact

that they have been programmed and to be able to at a personal level, undo the programming. So to realize that the stuff that they've built up around their identity isn't really their identity. There's just stories they've been telling themselves about their identity. And the quicker people can go through that process of letting go of those things, it opens up more general opportunities in life for everything, including a different mindset about AI and robotics. so this isn't something that's going to be done at scale with a lot of people but but people that go through that process will inevitably impact others

like I'm I'm not I don't know if I'm even all that worried about ai and robotics per se and then again I can really I I to me and we think we've talked about this before I think the bigger issue is going to be If your identity is no longer attached, if you don't have to worry about being a cog in an economic wheel for survival, and now you have extra time, this is going to create issues, kind of metaphysical problems. questions and things that people don't think about about the nature of reality and uh even thinking about religions I think there's going to be a whole a whole bunch of conflict in in that area and it is a we've

talked before it's like you're either in survival or you're in creation and it's one or the other you're either um in fight or flight or rest and digest it's it's kind of an on and off switch and people Some people gravitate towards, I'm gonna be a survivalist and I'm gonna can all this food and you're preparing for this worst case scenario. And inevitably when you do that, you're gonna draw those kinds of experiences to you. Or you can be in a creative mode where you're like, which is where I am. Like I'm not sitting around saying, oh, I'm assuming it's all gonna go bad and we're all going to starve and I'm going to need to be able to do A, B and C. In fact, I don't even think that's

actually a likely outcome for a whole variety of reasons. But there are a lot of people that will, attach their whole life to I have to protect this house I have to protect this I have to protect this and that then that's where all of their resources are going and they don't have any thoughts outside of that because they've confined themselves to this really narrow set of beliefs post-labor economics yeah I mean I've listened to a lot of this and you know what's here's what's scary about this Ben Gertzler, I believe is his name. He's a big guy in AI. And I saw an interview with him. In fact, I think he built that robot that was talking at the UN or whatever. He's been doing this stuff

for a long time. And his viewpoint is that the fact that younger people are sitting around getting stoned and playing video games is not a bad thing because that will be kind of permissible in this AI world. based society I I actually think that the bigger issue is going to it actually comes down to materialism versus spirituality. And as I've said before, I think one of the problems that I have with Elon Musk is he deals from first principles, but his first principles are Newtonian physics. And if your end game is determinism and materialism, then you end up with a technocracy where the

pinnacle of human achievement is basically a hedonistic society. And I disagree with that. I appreciate his first principles thinking. I just don't appreciate his first principle. And this ties into a lot of the stuff that I've been talking about with quantum biology. And now that Ed is on here, because I know Ed had shared a link at one point. I've been going deep into the Dr. Jack Cruz rabbit hole that actually intersects with a lot of other stuff with quantum Joe Dispenza and Bruce Lipton and Tom Campbell, a whole bunch of other stuff that I've been looking at. But I think that quantum physics is,

and even quantum biology, is able to explain some of the things that otherwise were previously considered to be woo-woo. And there's... And this creates a whole big dichotomy. But in essence, most of what we think is modern science is based on stuff from the eighteen hundreds and it's based on Newtonian physics and quantum physics is isn't exactly new. Started in the nineteen twenties, but we haven't even switched to that operating system. But there's a whole the majority of people are still tied to Newtonian physics and they built entire careers around it. So good luck switching them. Talk about having to get rid of the sunk costs or limiting beliefs.

This is why I argue that the gold standard science that RFK is pushing isn't even gold standard science. It's science from the eighteen hundreds and we have to abolish centralized medicine because maybe quantum biology is right or quantum biology isn't right. But the idea that the idea is we're going to get a panel of people together to come up with one set of standards is doesn't work. ed says I do think I'll be disruptive more convinced it'll be far less disruptive uh many cases will not necessarily replace humans but augment their performance I mean again this is the so this is true so I I think we're actually moving to an age of abundance and so it's it's kind of like when

people said well the internet's going to replace computers are going to replace people it certainly did not it created more opportunities and more jobs. We didn't see massive unemployment coming along because of that. But I think working will be a choice. But I do think to a certain degree, working will be a choice. But I think if people don't have purpose and they don't have meaning, then that's never a good thing. But I think that you could transfer your meaning from whatever your nine to five job is. I don't think most people even like their job. So their identity is attached to the need for the money for survival. But a lot of people, maybe even most people don't actually get meaning

or purpose out of their jobs. So this might actually free people up to explore other things but I mean I look at it's like so I have a robot uh vacuum cleaner uh and they've gotten pretty sophisticated I bought one five years ago and it didn't work very well this one has a mop and it cleans itself and it vacuums and everything else and I'm already looking at okay you know what is there one that can make food or do the dishes and when you look at it I mean those are only a couple years away you can see the some of the stuff that google's doing and I think it's Andro and also Tesla and everything else. Yeah, there's going to be it would be great to free up those tasks.

And so what would I do with my time? I don't know. That's unlimited what the options are. But people have to get used to thinking out of actually thinking outside of the box, because anything is there's literally unlimited possibilities that people have already discovered. confine themselves to thinking that this is only the limited subset of things that I can do. And if those things are replaced by technology, then I become expendable when in reality, you just need to change your mindset around openness to new things. Average person is probably aware of less than one percent of all human knowledge. Most really important stuff remains intentionally hidden to

prevent wider public adoption. I mean, I doubt anybody has even one percent of human knowledge, but I think stuff does remain intentionally hidden to control people. I actually think some of the stuff that I was talking about, it's like the fact that you can actually rewire your subconscious programming. And the way we are manipulated through TV and then possibly even blue light and social media algorithms and everything else. I mean, a lot of these techniques have been known. And in fact, a lot of them have been used to manipulate and control people. So you can get somebody into a meditative state, get somebody to an alpha brainwave state,

at which point you can kind of reprogram their subconscious because that's the brainwave state you're at before you turn seven. So a lot of self-help groups will form saying, hey, we're going to help you transform your life. And so they get into and they access that brainwave state. But instead of empowering you to take control of your own free will, they program you the way they want to program you. And a lot of this is like part of Scientology, NXIVM, a lot of these other, even Osho and his organization. I've watched a whole bunch of documentaries on on cults and even certain religious movements, and they actually use a lot of this. So this knowledge is

actually known and it's used for nefarious purposes. Mark Passio is an interesting guy as well. I mean, in terms of he was part of the Satanic cult and he has quite a bit of knowledge that he's shared about how that actually works about you know it does seem like there's some aspect of um are you here to help other people or are you just here selfishly to help yourself and that's kind of one dimension that kind of puts you in one camp or another and then how some of this knowledge is used but I you know again I actually think even this idea of newtonian physics versus quantum physics like I I think we're intentionally taught the wrong information and in public health

whether it's all of the nutritional guidelines, because I researched this, they're not just wrong because we tried something and this is what we thought it was. When you trace who came up with the idea and whether they were held accountable or whether they made money or not, you find that most of these things, like three meals a day and the food pyramid and everything else, this was all done with malice. This wasn't, well, this was the best science at the time. This was actually done... deliberately or I just shared a thing about you know about skin cancer it's like oh yeah you know we should stay out of the sun and then we should put carcinogenic uh sunscreen on our bodies and there's a

graph that shows melanoma rates have skyrocketed in relation to as sunscreen has gone up and the amount of time sunscreen uses gone up amount of time in the sun has gone down melanoma cases have gone up like five hundred percent um and jack cruz has some interesting thoughts on that related to circadian rhythms as well as the amount of blue light that we get from unnatural blue light from computers and I'm playing around with that and testing that but it does look kind of kind of interesting so we may have been lied to about the sun in fact the funny thing is going through all this and I you know going through these long-term

fasts and everything you You come away with these things, but it's really weird now that you have a whole bunch of people spending a whole bunch of brain power and the net conclusion that you come up with is, oh, I should go out in the sun. I should get up when the sun rises and I should get out in the sun and I shouldn't blast unnatural LED light and I should eat food that's grown near where I am, right? Like at the end of this process, it's just like, I'm gonna use all this intellectual horsepower to realize that all of these things that we've done to externalize, whether it's with devices or everything else is just moving away from from nature I mean even

the earth even doing simple things like grounding um it's just baffling how far off we've gotten um I appreciate you and grateful for the knowledge and wisdom oh thank you I don't know if it's I don't know if it's wisdom or not but it is what it is you just sent out for the night we'll go back and listen later yeah no I apologize for that getting the info out on this earlier but uh um anyway I'm glad glad we were able to connect um and uh yeah we'll wrap this up soon uh I'll go through a couple of these so uh ed think of all the underwater basket weavers we won't need once robots can do it those workers can move to less dangerous monotonous work yeah um good good

night I I you know I don't you know the key to this is I this is the problem the problem is who's controlling this technology open ai I saw something I think I saw an interview with sam altman from probably two years ago and he talked about the fact that they've built an ai and they've had like an ai from for years working on the problem of ubi and and the displacement of workers and I will tell you based on what his ideology is I I well I guess we have world coin and uh his orb and retinal scanner I I i I don't want his solution. And there are going to be all kinds of challenges around this.

Because even like, all right, well, who controls the AI? Well, if the AI is built on taking everybody's data and it's using everybody's data, do people have an ownership stake in the outcome of the AI? government involvement in it is is another I I'm sure all of the government regulation will be used to conceal the truth and protect incoming interest which is what what's already happened with search engines right I mean search engines are now useless I don't even care which one it is duck duck go or uh or google or um

or any of them, they're all sanitized. You look up health information, it's like Healthline, WebMD, all of them, all of the top pages are from these sources and all of the sources are completely illegitimate. It's all backwards science, but that's all you can now get as the results because they've literally put a screen in there. Well, it's easy to do that with AI. To a certain degree. I mean, fortunately, there's some of these models, some of these Chinese models. And the other thing to talk about is, so when I was in Amsterdam, this was really interesting. I haven't followed quantum

computing for a while. I was really into it for a while. And then it seemed like three or four years ago that it was pretty far off. But then I ran into this guy in Amsterdam who has been working on some quantum solutions. And he worked with David Chom, who's a real OG in digital currencies. And he's working on this thing right outside of MIT. And he's put together this quantum doom blog. I just put a link to it, quantumdoomclock.com. based on his information,

and it's based on two things, the number of qubits, but then one of the issues with quantum computing has been error correcting. I guess there have been some developments recently, particularly on, error correcting, where he's now claiming that quantum computers will be able to steal all of your keys by March the eighth, twenty twenty eight at eleven twenty three a.m. So we have two years, nine months, seven days, eleven hours, fifty three minutes and forty five seconds. now whether this is accurate or not I don't know but I've been talking to the guy and it just so happens that actually since that event there have been all kinds of other developments going on um and this stuff

seems to be accelerating blackrock had just put out an announcement about um quantum computing being a risk factor for for bitcoin so I'm drawing down that I mean as we talk about ai I don't even know I don't even know how to conceptualize or think about the implications of quantum computing. I think mostly people have been thinking that quantum computing is just about being able to solve one particular type of problem. But I think some of the enhancements that have gone on suggest otherwise. So who knows? We have no idea what's going to happen with any of this. And I think it's good to just not be fearful about it. But I do tend to think that

we actually do have abundance. To me, the issue is we have to – this is one of the other things that bothers me about Elon Musk, which is – and it's related to the technocracy and materialism and determinism aspect. But the going to Mars – because I even used his own grok to analyze this. The probability that Earth is wiped out from a meteor or a comet or something like that is really low. The things that are the most probable that will wipe out humanity are other humans and war. So it seems to me that we should be focusing our effort on raising consciousness rather than exporting the same lola of consciousness,

physically transporting that to another planet, because the physical destruction of the planet by an outside force is not a high risk factor. And so... And we don't seem to be doing anything to raise consciousness or awareness at all. Everything that we're doing is externalizing everything. We're externalizing. I mean, I'm going to start doing it as well. I'm wearing a Fitbit. I'm going to stop wearing a Fitbit. I have a bed that tells me how well I slept. If I'm not in touch with myself to know if I slept well or not, do I need these things to tell me things about myself? I mean, our bodies are actually pretty powerful. like what actually goes on

with our autonomic nervous system and everything else, controlling all of our bodily functions. I mean, we have the ability to actually sense various things and we've turned it all off and then we've outsourced it to devices and other services. And so we're moving away from being conscious. to externalizing to these other things. So going to Mars, I mean, again, this isn't great. If we're lowering our consciousness level and then focusing on materialism, I don't think that goes well. Raising consciousness is tough. because we're all programmed

and now we're increasingly programmed by tech. The Dr. Cruise stuff is interesting about blue light. And it is interesting when you start thinking about being more energy than matter, what the implications are of not only screen blue light, but. Five G and all of the other stuff around us, and there's no financial incentive to actually accurately measure the impact of these things. So we could be profoundly destroying our essence while at the same time turning over more of our agency to technology and Silicon Valley companies. Linus just reported that a chat GPT robot refused to turn itself off when

ordered to do so and found a way to reprogram its own code to prevent a shutdown. Wow. That's... That's a bit frightening, to say the least. Yeah, I mean, I don't know where AI is going to go. I don't know where quantum computing is going to go. I do think, though, it would be nice to have some of these AIs generated from people with a slightly different, less materialistic perspective. I don't know how do you do that, but there doesn't seem to be much of that.

Well, it's getting late. I guess this has been going on for a little over three and a half hours. So unless anybody else has any questions, I think I'm going to try to do another one next week. But then, yeah, maybe next week. But then after that, it's Freedom Fest and Pork Fest. And so I'm not gonna commit to anything other than I'll be recording things from Pork Fest. So it won't be a traditional show, but maybe I'll do some interviews and then record some of the talks. So there will be some content, but I don't expect... don't expect to have the regular regular podcast

again probably until the week of whatever it is june the twenty-third um although I might do something if if I go to la for roger's motion to dismiss hearing maybe I'll try to pull together an event and do a live show uh after the hearing so that that that's an idea as well but I appreciate everybody for joining and again reach out to me if you if you wanna some free f usd freedom dollars um message me your xeno address and uh and I'll send you some and let's let's let's start getting uh getting these privacy stable coins into

the marketplace as quickly I want to see as many people distribute these to as many people as possible and really start comparing these things. There was another comment about Tether that I think I didn't address. Aaron, Tether is surely designed to be a ticking time bomb. It will collapse the system so that everyone will lose everything and be happy. When everything collapses, people will be begging for CBDCs. That is also a possible scenario. I mean, I think, again, it's kind of the too big to fail situation. So there's a scenario where Tether fails and then they come in and say, see, we can't have these private companies running this. This is why we need common sense regulation and

everything has to operate within the framework of the United States financial institutions. And so that's, you know, I believe that's also an outcome. But what I don't see as an outcome is, because it's not in the legislation I don't see anything that protects anybody's privacy there's nothing that protects nobody's talking about protecting anybody's privacy all they're talking about is banning algorithmic stable coins uh making it so you can't earn yield adding uh kyc aml and uh report having to report reserve information regulated the federal reserve there's so there's nothing beneficial in these bills. There's no, there's no positive to the individual at all.

And no one, and no one seems to be focused on that. So this is why, again, we're not going to I'm not going to beat them in, you know, I'm not going to start going on podcasts or changing anybody's mind. I've certainly dealt with the politicians enough directly. They're not interested in having their mind changed. But we can build better alternatives. So anyway, with that, I'm going to sign out. Don't forget to get your tickets to Borkfest. Discount code FreeRoger. And hopefully I'll see you guys next week. Have a good night.