TFTC: A Bitcoin Podcast

<p>Mike Werry and Mira Metter, the filmmakers behind Broken Country, join Marty to break down how Canada went from the strongest middle class in the world to a cautionary tale for America. They cover healthcare wait-list deaths and MAID, mass immigration and record youth unemployment, a housing crisis fueled by bureaucracy, Mark Carney and the Century Initiative, government waste like ArriveCAN, and why the documentary was funded primarily with Bitcoin. A warning for Americans heading to the ballot box about where these policies lead.</p> <p>Broken Country Documentary: <a href="https://www.brokencountry.com/">https://www.brokencountry.com/</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p><a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a></p> <p>Twitter</p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Bitcoin is sitting near the 8th percentile of its 17-year power trend while sentiment feels like the summer of 2015. Matty Mežinskis of Porkopolis Economics walks Marty through Bitcoin priced in gold, the top five base monies, Fed balance sheet expansion echoing the 2019 repo crisis, and why stablecoins are a rounding error next to global broad money. They also cover falling costs for Bitcoin-backed lending, drone warfare, Russia's war on Ukraine, and when Bitcoin could rival central bank money.</p> <p>Matthew on X: <a href="https://x.com/1basemoney">https://x.com/1basemoney</a></p> <p>Porkopolis: <a href="https://www.porkopolis.io/topmoney/">https://www.porkopolis.io/topmoney/</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <p>- Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</p> <p>- Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</p> <p>- Bitkey: Use code TFTC10 for 10% off the new Bitkey.</p> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p>tftc.io/bitcoin-brief/</p> <p>Twitter </p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Marty and John Arnold dig into Anthropic's S-1 numbers, Meta's first negative free cash flow quarter in over a decade, and why Treasury Secretary Bessent is invoking Lincoln's National Currency Act of 1863 to sell stablecoins.</p> <p>🔗 <a href="https://bitcoinproducts.com">https://bitcoinproducts.com</a></p> <p>In this episode:</p> <ul> <li>Anthropic's S-1, revenue per dollar of compute, and Fortune 500 penetration</li> <li>Meta's CapEx surge, negative free cash flow, and $95B equity raise plan</li> <li>Why GPU rental prices keep rising while bears call the bubble</li> <li>Gulf oil and LNG flows back above pre-war levels</li> <li>The Qatar LNG deal, Henry Hub, and a possible Russia Ukraine peace deal</li> <li>Reshoring, China export controls, and a bifurcating world</li> <li>The 1863 National Currency Act, the GENIUS Act, and T-bill backed digital dollars</li> <li>Gold convertibility in 1879 and what it means for gold and the Bitcoin reserve</li> </ul> <p>TIMESTAMPS: </p> <p>00:00:00 - First take on Anthropic's S-1 </p> <p>00:01:54 - Revenue per dollar of compute </p> <p>00:02:36 - Net dollar retention and Fortune 500 penetration </p> <p>00:04:05 - The new slides </p> <p>00:05:02 - Meta financials and CapEx </p> <p>00:06:43 - Meta's equity raise and new share class </p> <p>00:07:24 - Muse launch and the stock selloff </p> <p>00:08:38 - Operating cash flow versus CapEx </p> <p>00:10:17 - Muse user growth versus ChatGPT </p> <p>00:12:04 - GPU rental prices keep rising </p> <p>00:16:35 - Gulf oil volumes above pre-war levels </p> <p>00:18:48 - US LNG deal with Qatar </p> <p>00:19:30 - Russia Ukraine peace talks and Nord Stream </p> <p>00:21:40 - Bifurcation and the reshoring push </p> <p>00:24:20 - Terafab, drug supply chains, and China export controls </p> <p>00:26:22 - The 1863 parallel </p> <p>00:27:51 - OCC finalizes GENIUS Act rules </p> <p>00:29:58 - National bank notes versus stablecoins </p> <p>00:32:12 - Sizing the digital dollar opportunity </p> <p>00:34:37 - Inflation and the Fed's role </p> <p>00:38:20 - The Resumption Act and gold convertibility </p> <p>00:40:49 - Gold reserves and the Strategic Bitcoin Reserve </p> <p>00:44:28 - MAGA slop or real strategy</p> <p>SUBSCRIBE </p> <p>› Newsletter (free): <a href="https://tftc.io/bitcoin-brief/›">https://tftc.io/bitcoin-brief/›</a> YouTube: <a href="https://youtube.com/@TFTC?sub_confirmation=1">https://youtube.com/@TFTC?sub_confirmation=1</a></p> <p>FOLLOW US </p> <p>› X: <a href="https://x.com/tftc21›">https://x.com/tftc21›</a> Nostr: <a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>FOLLOW MARTY </p> <p>› X: <a href="https://x.com/MartyBent">https://x.com/MartyBent</a></p> <p>› Timestamp: <a href="https://www.ten31timestamp.com/›">https://www.ten31timestamp.com/›</a> John Arnold: <a href="https://x.com/JohnArnoldTen31›">https://x.com/JohnArnoldTen31›</a> Ten31: <a href="https://ten31.xyz">https://ten31.xyz</a></p> <h1 id="tftcmartybentjohnarnoldstablecoinsaienergybitcoin">TFTC #MartyBent #JohnArnold #Stablecoins #AI #Energy #Bitcoin</h1>

<p>Black Monday never showed up. Marty and John Arnold break down why markets shrugged off the weekend scare, and what the data under the surface is saying about AI spending, interest rates, and energy.</p> <p>🔗 <a href="https://bitcoinproducts.com">https://bitcoinproducts.com</a></p> <p>In this episode:</p> <ul> <li>Why Black Monday didn't happen and what markets did instead</li> <li>Anthropic's slowing revenue growth and the distillation fight</li> <li>Neo clouds, credit stress, and the cost of capital for the AI build out</li> <li>Hot inflation prints, the Fed, and bond market volatility</li> <li>Whether Treasury cuts 20 year issuance to deal with higher yields</li> <li>Diesel shortages, Gulf attacks, and Iran's economy</li> <li>China's export surge and what Europe might do about it</li> </ul> <p>TIMESTAMPS: </p> <p>00:00:00 - Black Monday that wasn't </p> <p>00:01:20 - Anthropic revenue growth slows ahead of IPO </p> <p>00:01:38 - Distillation attacks and the irony of AI IP </p> <p>00:05:12 - Neo clouds and credit default swaps under pressure </p> <p>00:06:55 - Cost of capital for the AI build out </p> <p>00:07:02 - Hot inflation and the Fed </p> <p>00:07:57 - Ten year yields near 5% and forward guidance </p> <p>00:10:13 - Convexity Maven on bond volatility and the MOVE index </p> <p>00:12:57 - Treasury and the 20 year issuance rumor </p> <p>00:15:39 - War driving up diesel prices </p> <p>00:18:36 - Carney on maximizing diesel shipments to the US </p> <p>00:19:27 - Iran GDP collapse and the blockade </p> <p>00:21:29 - China's 36% export surge in September </p> <p>00:22:14 - Robin Brooks and Michael Pettis on overproduction </p> <p>00:24:35 - Jim Himes and bipartisan support for Europe and NATO</p> <p>SUBSCRIBE </p> <p>› Newsletter (free): <a href="https://tftc.io/bitcoin-brief/›">https://tftc.io/bitcoin-brief/›</a> YouTube: <a href="https://youtube.com/@TFTC?sub_confirmation=1">https://youtube.com/@TFTC?sub_confirmation=1</a></p> <p>FOLLOW US </p> <p>› X: <a href="https://x.com/tftc21›">https://x.com/tftc21›</a> Nostr: <a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>FOLLOW MARTY </p> <p>› X: <a href="https://x.com/MartyBent">https://x.com/MartyBent</a></p> <p>› Timestamp: <a href="https://www.ten31timestamp.com/›">https://www.ten31timestamp.com/›</a> John Arnold: <a href="https://x.com/JohnArnoldTen31›">https://x.com/JohnArnoldTen31›</a> Ten31: <a href="https://ten31.xyz">https://ten31.xyz</a></p> <h1 id="tftcmartybentjohnarnoldmarketsinflationai">TFTC #MartyBent #JohnArnold #Markets #Inflation #AI</h1>

<p>Parker Lewis of Zaprite, author of Gradually Then Suddenly, joins Marty Bent to explain why Bitcoin sentiment is at its worst while the macro setup looks stronger than ever. They cover the missing adoption wave, why Bitcoin treasury companies cannibalize demand, the 30-year Treasury at 5.5 percent, credit market stress, Silvergate and Operation Choke Point 2.0, the Coldcard and Ledger incidents, and a live demo of Zaprite Pay.</p> <p>Parker on X: <a href="https://x.com/parkeralewis">https://x.com/parkeralewis</a></p> <p>Zaprite p2p: <a href="https://zapritep2p.com/">https://zapritep2p.com/</a></p> <p>Gradually, Then Suddenly: <a href="https://nakamotoinstitute.org/library/gradually-then-suddenly/">https://nakamotoinstitute.org/library/gradually-then-suddenly/</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <p>- Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</p> <p>- Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</p> <p>- Bitkey: Use code TFTC10 for 10% off the new Bitkey.</p> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p>tftc.io/bitcoin-brief/</p> <p>Twitter </p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Mel Mattison joins Marty to unpack October's market selloff and why it may be the best buying opportunity since the Iran war drawdown. They cover rising Treasury yields, fiscal dominance, and why Kevin Warsh and the Fed can't hike without bankrupting the government. Mel explains why the AI trade isn't AI, why compute and semiconductors win regardless of which model leads, and how tokenization, stablecoins, and agentic payments threaten the banking float model. Plus Social Security, Medicare, the midterms, and ending the Iran war.</p> <p>Mel on X: <a href="https://x.com/MelMattison1">https://x.com/MelMattison1</a></p> <p>Mel’s Book: <a href="https://www.melmattison.com/quoz">https://www.melmattison.com/quoz</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <p>- Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</p> <p>- Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</p> <p>- Bitkey: Use code TFTC10 for 10% off the new Bitkey.</p> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p>tftc.io/bitcoin-brief/</p> <p>Twitter </p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Bryan Jacoutot, commercial litigator at Clark Hill, joins Marty Bent to explain how Bitcoin timestamping through OpenTimestamps and SimpleProof can authenticate digital evidence in the age of generative AI deepfakes. They cover his proposed federal rules of evidence change, a rebuttable presumption of authenticity for hashed files, and how Screven County, Georgia hashes election results and drop box surveillance video into the Bitcoin blockchain. They also discuss FinCEN's retracted rule, the Blockchain Regulatory Certainty Act, the Bank Secrecy Act, and truth decay.</p> <p>Bryan on X: <a href="https://x.com/BryanJacoutot">https://x.com/BryanJacoutot</a></p> <p>Clark Hill: <a href="https://www.clarkhill.com/people/bryan-f-jacoutot/">https://www.clarkhill.com/people/bryan-f-jacoutot/</a></p> <p>Simple Proof: <a href="https://www.simpleproof.com/">https://www.simpleproof.com/</a>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p><a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a></p> <p>Twitter</p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>France's debt problem, Europe moving against Chinese exports, Iran under pressure, and the AI and quantum FUD hitting Bitcoin. Marty and John Arnold go through the week.</p> <p>🔗 <a href="https://bitcoinproducts.com">https://bitcoinproducts.com</a></p> <p>In this episode:</p> <ul> <li>France's fiscal situation and why short-term debt issuance is spreading</li> <li>Europe pushes back on Chinese exports while the US pulls it closer</li> <li>Iran's economy under sanctions and escalation risk after the Houthi strike</li> <li>The Donroe Doctrine: Greenland, Iceland and Brazil's election</li> <li>Treasury issuance, buybacks and the narrative around US economic data</li> <li>OpenAI revenue numbers, AI math proofs and the quantum FUD aimed at Bitcoin</li> </ul> <p>TIMESTAMPS: </p> <p>00:00:00 - Touching grass after a weekend of hardware wallet and AI news </p> <p>00:01:00 - France's debt cycle and the Macron problem </p> <p>00:02:30 - Short-term issuance and yields across Europe </p> <p>00:04:58 - Europe moves to block Chinese exports </p> <p>00:08:17 - Taiwan Strait naval exercises and the US-China meeting </p> <p>00:09:48 - Iran's economy and the oil minister's exit </p> <p>00:11:34 - Houthi strike on Saudi airport and escalation risk </p> <p>00:13:41 - The Donroe Doctrine and the National Security Strategy </p> <p>00:14:13 - Iceland, Greenland and Brazil's Bolsonaro surge </p> <p>00:17:07 - US economic data and Treasury issuance </p> <p>00:20:12 - Bessent's buybacks and the long end of the curve </p> <p>00:21:26 - OpenAI's revenue run rate and the Anthropic comparison </p> <p>00:23:39 - AI math proofs and the pace of model progress </p> <p>00:26:36 - Quantum FUD, Justin Drake and Yehuda Lindell on elliptic curves </p> <p>00:30:00 - Why Bitcoin researchers are working on new signature schemes </p> <p>00:33:41 - Wrap-up and next week</p> <p>SUBSCRIBE </p> <p>› Newsletter (free): <a href="https://tftc.io/bitcoin-brief/›">https://tftc.io/bitcoin-brief/›</a> YouTube: <a href="https://youtube.com/@TFTC?sub_confirmation=1">https://youtube.com/@TFTC?sub_confirmation=1</a></p> <p>FOLLOW US </p> <p>› X: <a href="https://x.com/tftc21›">https://x.com/tftc21›</a> Nostr: <a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>FOLLOW MARTY </p> <p>› X: <a href="https://x.com/MartyBent">https://x.com/MartyBent</a></p> <p>› Timestamp: <a href="https://www.ten31timestamp.com/›">https://www.ten31timestamp.com/›</a> John Arnold: <a href="https://x.com/JohnArnoldTen31›">https://x.com/JohnArnoldTen31›</a> Ten31: <a href="https://ten31.xyz">https://ten31.xyz</a></p> <h1 id="tftcmartybentjohnarnoldbitcoinquantumcomputingai">TFTC #MartyBent #JohnArnold #Bitcoin #QuantumComputing #AI</h1>

<p>Tom Luongo returns to break down why the Iran conflict was never really about Iran. Tom argues the war is a lever to dismantle the Eurodollar system and the old colonial powers of Europe, from Lloyd's of London pulling shipping insurance to the yen carry trade unwinding. We cover Scott Bessent's Treasury buybacks, the bear flattener, France's bond market stress, Mark Carney and Canada, Judy Shelton at Treasury, the midterms, the dollar index breakout, and a provocative reframe of the claim that DARPA created Bitcoin.</p> <p>Tom on X: <a href="https://x.com/TFL1728">https://x.com/TFL1728</a></p> <p>Tom's Website: <a href="https://tomluongo.me/">https://tomluongo.me/</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <p>- Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</p> <p>- Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</p> <p>- Bitkey: Use code TFTC10 for 10% off the new Bitkey.</p> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p>tftc.io/bitcoin-brief/</p> <p>Twitter </p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Susan Kokinda of Promethean Action returns to check in on the Trump economic agenda ten months after her last visit. She breaks down manufacturing job growth, tariffs, and reindustrialization heading into the midterms, plus the Iran blockade and Treasury's economic pressure campaign, the US-China relationship, and growing desperation in Europe and Canada. She also covers Judy Shelton's Treasury appointment, sound money and gold standard debates, stablecoin rulemaking, and what national banking looks like in the 21st century.</p> <p>Susan on X: <a href="https://x.com/sjkokinda">https://x.com/sjkokinda</a></p> <p>Susan’s Substack: <a href="https://substack.com/@susankokinda1">https://substack.com/@susankokinda1</a></p> <p>Promethean Action: <a href="https://www.prometheanaction.com/">https://www.prometheanaction.com/</a></p> <p>Promethean Updates: <a href="https://www.youtube.com/@PrometheanAction">https://www.youtube.com/@PrometheanAction</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p><a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a></p> <p>Twitter</p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the <a href="https://help.cash.app/btcdisclosures">Bitcoin disclosures</a>: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Oil flows through the Middle East are back near pre-war levels, but 10 year yields and the MOVE index are telling a different story.</p> <p>🔗 <a href="https://bitcoinproducts.com">https://bitcoinproducts.com</a></p> <p>In this episode:</p> <ul> <li>Why Middle East crude flows are back to pre-war levels while diesel and refined products still lag</li> <li>What the US and China statement on Iran and Hormuz tolls signals</li> <li>How the push for a China-free rare earth supply chain is going</li> <li>Why the MOVE index and French bond spreads are blowing out</li> <li>How stablecoins and Treasury bills could change what a dollar is</li> <li>Why Trump's comments on inflation and the debt point toward Bitcoin</li> </ul> <p>TIMESTAMPS: </p> <p>00:00:00 - Back from the Ten31 portfolio retreat </p> <p>00:00:47 - Middle East crude flows return to pre-war levels </p> <p>00:03:19 - Diesel and refined products still lagging </p> <p>00:04:25 - Tanker costs and Hormuz workarounds </p> <p>00:07:06 - US and China statement on Iran and Hormuz tolls </p> <p>00:10:41 - Rare earths and the China-free supply chain </p> <p>00:12:31 - Jamie Dimon calls for industrial policy </p> <p>00:13:32 - 10 year yield and the MOVE index breakout </p> <p>00:17:23 - Weak Treasury auctions and Judy Shelton </p> <p>00:18:08 - France and Germany bond spread blowing out </p> <p>00:22:08 - White House and the frontier AI labs </p> <p>00:24:10 - Bessent, Shelton, and the Fed chair picks </p> <p>00:26:27 - Trump says inflation could pay down the debt </p> <p>00:27:20 - Stablecoins and demand for short term Treasuries </p> <p>00:29:44 - How stablecoins could redefine the dollar </p> <p>00:33:00 - Euro weakness and the Bitcoin to gold ratio</p> <p>SUBSCRIBE </p> <p>› Newsletter (free): <a href="https://tftc.io/bitcoin-brief/›">https://tftc.io/bitcoin-brief/›</a> YouTube: <a href="https://youtube.com/@TFTC?sub_confirmation=1">https://youtube.com/@TFTC?sub_confirmation=1</a></p> <p>FOLLOW US </p> <p>› X: <a href="https://x.com/tftc21›">https://x.com/tftc21›</a> Nostr: <a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>FOLLOW MARTY </p> <p>› X: <a href="https://x.com/MartyBent">https://x.com/MartyBent</a></p> <p>› Timestamp: <a href="https://www.ten31timestamp.com/›">https://www.ten31timestamp.com/›</a> John Arnold: <a href="https://x.com/JohnArnoldTen31›">https://x.com/JohnArnoldTen31›</a> Ten31: <a href="https://ten31.xyz">https://ten31.xyz</a></p> <h1 id="tftcmartybentbitcointreasuriesstablecoins">TFTC #MartyBent #Bitcoin #Treasuries #Stablecoins</h1>

<p>Jeremy Ryan Slate, host of the Athenian Book Club, traces how Roman emperors debased the denarius from 95% silver to nearly nothing to fund legions and donatives. Marty Bent and Jeremy cover the Third Century Crisis, Diocletian's price controls, Constantine's gold solidus, and why sound money kept the Byzantine Empire stable for centuries. They draw parallels to Federal Reserve money printing, quantitative easing, the Cantillon effect, inflation, and why Bitcoin may offer a modern fix for broken money.</p> <p>Jeremy on X: <a href="https://x.com/JeremyRyanSlate">https://x.com/JeremyRyanSlate</a></p> <p>Jeremy’s website: <a href="https://jeremyryanslate.com/">https://jeremyryanslate.com/</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p><a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a></p> <p>Twitter</p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the <a href="https://help.cash.app/btcdisclosures">Bitcoin disclosures</a>: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Erin Redwing joins Marty Bent to look back on two brutal months for Bitcoin after the ColdCard entropy vulnerability, AI-driven exploits, and the Hugging Face breach. They discuss why Bitcoin is the canary in the coal mine for AI security, the release of Kimi K3, AI safety fearmongering, effective altruism, Peter Thiel's Antichrist warning, the BIP 110 fork, and where Bitcoin goes from here. Erin also shares her astrological outlook for the rest of 2026.</p> <p>Erin’s Website: <a href="https://www.erinredwing.com/">https://www.erinredwing.com/</a></p> <p>Erin on X: <a href="https://x.com/realizingerin">https://x.com/realizingerin</a></p> <p>Erin on YouTube: <a href="https://www.youtube.com/realizingerin">https://www.youtube.com/realizingerin</a></p> <p>Erin on TikTok: <a href="https://www.tiktok.com/@realizingerin">https://www.tiktok.com/@realizingerin</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p><a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a></p> <p>Twitter</p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the <a href="https://help.cash.app/btcdisclosures">Bitcoin disclosures</a>: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Tommy Eastman of Nous Research joins Marty to break down Hermes Agent and why owning your intelligence stack matters. They cover the leap from chatbots to autonomous agentic AI, self-improving memory, and model-agnostic harnesses that kill vendor lock-in. Tommy explains how open source models now handle most enterprise work at a fraction of frontier lab costs, why feeding company IP to OpenAI and Anthropic is a fiduciary risk, the GPU compute squeeze, trusted execution environments, and why Big AI lobbying against open source is disingenuous.</p> <p>Tommy on X: <a href="https://x.com/yeahfortommy">https://x.com/yeahfortommy</a></p> <p>Nous Research: <a href="https://x.com/NousResearch">https://x.com/NousResearch</a></p> <p>Hermes Agent: <a href="https://hermes-agent.nousresearch.com/">https://hermes-agent.nousresearch.com/</a></p> <p>Code TFTC for $21 off for first 100 users!</p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p><a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a></p> <p>Twitter</p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the <a href="https://help.cash.app/btcdisclosures">Bitcoin disclosures</a>: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Jordi Visser joins Marty Bent to break down why AI agents are about to collide with Bitcoin, stablecoins, and tokenization. Visser explains why crypto's guardrails are mispriced at zero, why tokenization could unlock $900 trillion in trapped assets, and why humans, not compute, are the real bottleneck to AI adoption. The conversation covers Fed policy, corporate debt panic, circular financing, energy constraints, and why Bitcoin remains the ultimate long-term store of value in an agentic economy.</p> <p>Jordi on X: <a href="https://x.com/jvisserlabs">https://x.com/jvisserlabs</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <p>- Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</p> <p>- Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</p> <p>- Bitkey: Use code TFTC10 for 10% off the new Bitkey.</p> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p>tftc.io/bitcoin-brief/</p> <p>Twitter </p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Trump tells the AI labs to quit "pacing the frontier" and go full speed ahead against China, while Bitcoin claws back above its 50 week moving average despite a mountain of bearish headlines.</p> <p>🔗 <a href="https://bitcoinproducts.com">https://bitcoinproducts.com</a></p> <p>In this episode:</p> <p>- Why the sudden AI "slowdown" panic looks like a coordinated op</p> <p>- Trump's blunt response to Sam Altman, Elon Musk, and the frontier labs</p> <p>- What Latham & Watkins ditching OpenAI and Anthropic signals for enterprise</p> <p>- The energy proxy war with China driving diesel to record highs</p> <p>- The Fed hikes rates again as the ten year flirts with 5%</p> <p>- Why Bitcoin ripping above its 50 week moving average matters</p> <p>- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -</p> <p>TIMESTAMPS:</p> <p>00:00:00 - Bitcoin nearing a green year for 2026</p> <p>00:01:31 - Sam Altman, Elon Musk, and Anthropic call for an AI pause</p> <p>00:06:56 - OpenAI's secondary market sale signals trouble</p> <p>00:07:17 - Latham & Watkins drops OpenAI and Anthropic over IP fears</p> <p>00:09:55 - Anthropic's automated bio lab raises Skynet questions</p> <p>00:12:05 - Trump tells the labs to stop being scared nerds</p> <p>00:16:29 - Strait of Hormuz oil flows and the US-China proxy war</p> <p>00:19:36 - Diesel prices hit all-time highs</p> <p>00:22:10 - Atlanta Fed's 5.1% Q3 GDP estimate</p> <p>00:22:53 - Kevin Warsh's Fed hikes rates again</p> <p>00:25:20 - Ten year yield flirts with 5%</p> <p>00:29:08 - Lindsey Graham's Russia sanctions bill</p> <p>00:29:52 - The US-Denmark-Greenland security deal</p> <p>00:31:49 - China's rare earth stranglehold on samarium</p> <p>00:33:24 - The Clarity Act fails in the Senate</p> <p>00:33:54 - The ARMOR bill clears a House committee</p> <p>00:35:30 - Bitcoin breaks above its 50 week moving average</p> <p>00:36:49 - Sam Lyman on crypto regulation's momentum</p> <p>- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -</p> <p>SUBSCRIBE</p> <p>› Newsletter (free): <a href="https://tftc.io/bitcoin-brief/">https://tftc.io/bitcoin-brief/</a></p> <p>› YouTube: <a href="https://youtube.com/@TFTC?sub_confirmation=1">https://youtube.com/@TFTC?sub_confirmation=1</a></p> <p>FOLLOW US</p> <p>› X: <a href="https://x.com/tftc21">https://x.com/tftc21</a></p> <p>› Nostr: <a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>FOLLOW MARTY</p> <p>› X: <a href="https://x.com/MartyBent">https://x.com/MartyBent</a></p> <p>› Timestamp: <a href="https://www.ten31timestamp.com/">https://www.ten31timestamp.com/</a></p> <p>› John Arnold: <a href="https://x.com/JohnArnoldTen31">https://x.com/JohnArnoldTen31</a></p> <p>› Ten31: <a href="https://ten31.xyz">https://ten31.xyz</a></p> <p>- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -</p> <h1 id="tftcmartybentjohnarnoldbitcoinartificialintelligenceenergymarkets">TFTC #MartyBent #JohnArnold #Bitcoin #ArtificialIntelligence #EnergyMarkets</h1>

<p>Gary Brode joins Marty Bent to break down his month in El Salvador and the new white paper making the case that Bitcoin is officially a currency. They dig into Nayib Bukele's controversial rule, why the Federal Reserve no longer controls long-term interest rates, and why government overspending — not central bank policy — is driving persistent inflation. Brode also explains his shift from OpenAI to Anthropic, his bet on Intel and AMD as AI moves from training to inference, and why uranium and energy assets round out his portfolio alongside Bitcoin, gold, and silver.</p> <p>Gary on X: <a href="https://x.com/Gary_Brode">https://x.com/Gary_Brode</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p><a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a></p> <p>Twitter</p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the <a href="https://help.cash.app/btcdisclosures">Bitcoin disclosures</a>: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Sam Lyman of the Bitcoin Policy Institute joins Marty Bent to break down the collapse of the CLARITY Act, the stablecoin fight dividing community banks and Wall Street, and new bank charters reshaping crypto regulation. Lyman details his investigation into Chinese-funded propaganda campaigns — linked to financier Neville Singham — driving opposition to AI data centers, and unveils "data center dividends," a plan modeled on the Alaska Permanent Fund to pay rural households thousands per year. The conversation also tackles effective altruism, AI doomerism, the Anthropic-OpenAI duopoly, open source AI, and the Strategic Bitcoin Reserve bill ARMA.</p> <p>Sam on X: <a href="https://x.com/SamLyman33">https://x.com/SamLyman33</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p><a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a></p> <p>Twitter</p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the <a href="https://help.cash.app/btcdisclosures">Bitcoin disclosures</a>: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Nick Nemeth returns to break down the Mark Walter and Guggenheim insurance scandal, exposing how billions in annuity and life insurance policyholder funds funded the Dodgers, Lakers, and F1 team purchases through opaque affiliate paper and shell entities. Marty and Nick dig into systemic risk across the insurance industry, the AI spending bubble, Federal Reserve policy, bond market dynamics, entitlement debt, and Bitcoin's role as a hedge against a fracturing financial system. A deep dive into contagion risk, monetary policy, and where smart money is positioning next.</p> <p>Nick on X: <a href="https://x.com/NickNemo17">https://x.com/NickNemo17</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p><a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a></p> <p>Twitter</p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the <a href="https://help.cash.app/btcdisclosures">Bitcoin disclosures</a>: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>

<p>Chris Drzyzga, commercial real estate broker and investor, returns to break down his new Bitcoin playbook for CRE owners and operators. Marty and Chris dig into building a three-tranche Bitcoin treasury, using Bitcoin as a fifth return driver alongside NOI growth and cap rates, tax-loss harvesting Bitcoin gains, dual-collateralized loans through Battery Finance, and mining Bitcoin for building heat. They also cover Bitcoin rent payments, security deposits, and how Bitcoin-friendly tenants boost asset value amid ongoing monetary debasement.</p> <p>Chris on X: <a href="https://x.com/ChrisDrz">https://x.com/ChrisDrz</a></p> <p>The Bitcoin Playbook for Commercial Real Estate Owners & Investors: <a href="https://www.tftc.io/CRE">https://www.tftc.io/CRE</a></p> <p>STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a></p> <p>Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a></p> <p>TFTC Elite (Ad-free & Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a></p> <p>Discord: <a href="https://discord.gg/yHGkvYxdqT">https://discord.gg/yHGkvYxdqT</a></p> <p>Opportunity Cost Extension: <a href="https://www.opportunitycost.app/">https://www.opportunitycost.app/</a></p> <p>Shoutout to our sponsors:</p> <p>Block:</p> <ul> <li>Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.</li> <li>Square: Visit <a href="http://square.com/go/tftc">http://square.com/go/tftc</a> for up to $200 off eligible Square hardware.</li> <li>Bitkey: Use code TFTC10 for 10% off the new Bitkey.</li> </ul> <p>Aven</p> <p><a href="https://www.aven.com/bitcoin">https://www.aven.com/bitcoin</a></p> <p>CrowdHealth</p> <p><a href="https://www.joincrowdhealth.com/tftc">https://www.joincrowdhealth.com/tftc</a></p> <p>Simple Mining</p> <p><a href="https://www.simplemining.io/tftc">https://www.simplemining.io/tftc</a></p> <p>Salt of the Earth:</p> <p><a href="https://drinksote.com/tftc">https://drinksote.com/tftc</a></p> <p>Join the TFTC Movement:</p> <p>Main YT Channel</p> <p><a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a></p> <p>Clips YT Channel</p> <p><a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a></p> <p>Website</p> <p><a href="https://tftc.io/">https://tftc.io/</a></p> <p>Newsletter</p> <p><a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a></p> <p>Twitter</p> <p><a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a></p> <p>Instagram</p> <p><a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a></p> <p>Nostr</p> <p><a href="https://primal.net/tftc">https://primal.net/tftc</a></p> <p>Follow Marty Bent:</p> <p>Twitter</p> <p><a href="https://twitter.com/martybent">https://twitter.com/martybent</a></p> <p>Nostr</p> <p><a href="https://primal.net/martybent">https://primal.net/martybent</a></p> <p>Newsletter</p> <p><a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a></p> <p>Podcast</p> <p><a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a></p> <p>Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the <a href="https://help.cash.app/btcdisclosures">Bitcoin disclosures</a>: <a href="https://help.cash.app/btcdisclosures">https://help.cash.app/btcdisclosures</a></p> <p>Get up to $200 off Square hardware when you sign up at <a href="http://square.com/go/tftc">http://square.com/go/tftc</a>! #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner</p>