Brandon: Well, hello, hello everybody. Happy Friday and welcome to Good for Bitcoin, your weekly pulse on Bitcoin innovation. We've got a lot to talk about this week. we're gonna get into all the BIF 110 drama that has been unfolding. but first we gotta check in with Kate. Kate, how was your week? Kate: Hey Brennan. Yeah, had a good week. It's been a fun week to work in Bitcoin, I think. obviously some fun things happening with stacks, but yeah, seeing Sailor selling Bitcoin, weighing in on the BIP drama. it's been it's been fun. So yeah, we have some cool stories to get into this week that very interesting, kinda like shaping the whole landscape of where Bitcoin's going, which is awesome. Brandon: Yes. Yeah. Yeah. yeah, you said it well. yeah, it's been it's been nice that we've had a lot of good news to cover over the past two weeks after a bit of a dry spell, I guess, through most of June. So let's get into some of the public company news. you already mentioned it, but yeah, strategy has sold 3,588 BTC this week. this funds an additional $216 million worth of dividends for STRC and their other. Kate: Ha ha ha. Brandon: yield instruments, but that amount represents only 0.4% of their entire BTC supply. So a very, very, very small drop in the bucket for them. they basically said that this dividend obligations on their preferred stack now structurally require selling BTC. so that never sell era has has ended, I guess. never never said that we wouldn't sell, just that you shouldn't sell. Kate: Yeah. Brandon: as Saylor said. and yeah, this confirms that it's it's now maybe going to be a structural thing and they're gonna maybe start regular sales of Bitcoin every week until the price starts to go up. We'll see. Kate: Yeah, we'll have to see. then we have Strive, they bought eighteen Bitcoin and they now hold nineteen thousand eight hundred and eighty-two BDC in total. Brandon: Drive trying to catch up to strategy as strategy sells. Orange BTC bought five BTC this week. they now hold three thousand nine hundred and four Bitcoin. Kate: So close. So close. Then we have Emperor Digital. They sold 1400 BTC, which is pretty sizable amount for them, because they now hold fifteen hundred and fourteen. So yep. Brandon: Yeah, nearly half of their stack. That's that's a lot. some updates from some quarterly filings because we are we are in quarter two ending season. American Bitcoin Corp. which is the Trump family company revealed that they now have 8,000 Bitcoin, which is 500 more than their last update. Kate: Right? Good for them. and then we have Boya Interactive International Limited of Japan. They added an additional 108 BTC to their balance sheet, which brings them to 4,201. Brandon: Cool. that is all yeah, all the all the public companies that I that I saw this week moving Bitcoin around. so let's get into some news. We got a lot of good stories. So first one is from Stacking Dow. they announced STBTC, which is a liquid staked version of Bitcoin that's built for the upcoming Bitcoin staking launch on Stacks. STBTC will basically let hold Bitcoin holders earn a yield through staking while keeping their capital liquid. Ready to move across the rest of the stacks ecosystem. So very similar to you know their other liquid stacking products, but this one is now powered by Bitcoin staking. the underlying BTC is basically paired with an existing with STX backing from STSTX and ST STX BTC. basically what this does is it enables BTC holders to earn BTC yield without having STX exposure, which I think is really, really cool. Kate: Yeah. Brandon: so this basically allows you to participate in Bitcoin staking without having to just bother with or deal with that holding STX. Like it's just like kind of handled for you, which is really, really neat. makes it a little maybe a little easier for certain institutions or certain folks to participate in Bitcoin staking. Kate: Yeah, I think this is is really cool. Like again you can just plug SD B D C into DeFi that exists on stacks, whether that's through b BitFlow, Zest, and Yeah, just keep keep that Bitcoin earning. I mean stacking Dow is like a pretty renowned team in the Stacks ecosystem. They've been building the stacking infra for over two years. I think at their peak they had over 150 million STX stacked. I could be wrong on that number. over forty thousand stakers, yeah, and no security incidents that I've heard of. So it was a pretty cool launch. Brandon: Sounds right. Yeah. Kate: Really good way they like laid out the product and everything and I think just they're doing a good compare like a good job at comparing it to ETH and Solana and how like, you know, over on those ecosystems they built these whole like financial ecosystems on top of staking and they're showing like how they're gonna be able to do that with Bitcoin and Stacks. So I think that they have some good comparisons and yeah, I'm excited for this one. Brandon: Yeah, I do like how this isn't related to stacking DAO, but just in general, that the Bitcoin staking product is sometimes being like referred to as like a Bitcoin bond. I think like calling it a bond, like bonds are generally viewed as like very safe, which like Bitcoin staking is because you're still like, you know, retaining custody of your of your Bitcoin on the L one. Kate: Yeah. Mm-hmm. Yep. Brandon: And you know, like like marginal, like, you know, not not crazy yields, right? You're not gonna get like 20, 30 percent yield on it. right now, through the stacking down announcement, they said that base yield is expected to be around 2.6 percent. but that's 2.6%. That is kind of just like free free Bitcoin on top of your Bitcoin, just for participating in the program. So pretty cool. SDBTC is expected to launch just before the Bitcoin staking release, which is Kate: Yeah. Yeah. Brandon: Q three, which we are in right now. So countdown is on. Yeah. Kate: Yeah, cool to see. Brandon: okay, moving on. This story's pretty crazy. curious on your of your thoughts on it. So Bonk DAO, which bonk is like a Solana coin. the DAO lost 20 million dollars of their own token. but the question is was it an exploit or was it just governance working as intended? So there's a few really good threads on the subject. there's one from look on chain, one from chain chainalysis. Kate: Yeah. Brandon: Basically, the recap is this unknown person they spent four point four million dollars to steal twenty-one point two million dollars from the bank treasury, making a net profit of sixteen point eight million dollars. The attack basically began on June 30th, when an anonymous wallet proposed draining the banks treasury. So they used like, you know, the governance tools that are out there, right? They they made this governance proposal. and then to pass the proposal needed one percent of Bonx supply voting yes. So essentially just made this kind of like a a bit of like a Sybil attack. you just needed to have one percent of Bonk's supply to potentially push this through. and on July fourth and fifth, a different wallet acquired that amount. so that was eight million dollars that was bought on mainstream exchanges. and also borrowed via DeFi and then pulled together to construct the over 1% supply needed. by July 6th, the malicious voter had just enough bonk. it voted pass, which triggered the $20 million treasuries draining into an exploiter wallet. And then nine hours later, that wallet transferred $188,000 to a mainstream exchange, likely for cash out, sent the remaining $19 million to a multi-sig wallet where the funds still sit. But here's the thing, which is crazy, is that nobody really voted no. There was like a couple I was looking at the the address or the governance site, and like a few people did vote no, but it doesn't seem like anybody on the bonk team was even looking at these governance proposals. so yeah, I mean nob nobody voted no. everyone voted yes, and that's I guess the question is like, was this actually a an illegal thing or was it the system? Working exactly as designed? That is the question. Kate: What's crazy to me is that it only needed one percent of the supply to vote yes in order for this to pass. That seems like an incredibly low threshold and like a very poor design. Brandon: Mm-hmm. Yeah. I agree. yeah, I agree with you. Like if I would have known that, I would have raised a flag or something. I don't know. Like, hey, this is probably not a good idea to to allow this. Kate: Yeah. Anyway, it sounds like they're coordinating with like exchanges and even like the foundation trying to like get some of the funds back or like coordinating with law enforcement, but at the same time it's like, hey, we messed up on our own end. Can you help us? It's not really a legitimate ask, you know, if the code worked as intended. Brandon: Yeah. I think I don't know. I I feel like it would result in being like deemed illegal or deemed like stealing funds by like a court of law. because you know it wasn't the intent, right, to to allow this to happen and and that's probably how it would would end up getting ruled eventually. But yeah, certainly calls into question I mean, I think these types of governance proposals are are great, but Kate: Yeah. Brandon: if if you design it to only need one percent of the supply to, you know, allow something like this to to go through, then that's a very, very flawed design. Kate: That's just like malpractice, yeah. I don't know. Someone's going to jail. Brandon: Yeah. Yeah. It was an inside job. Who knows? Nobody voted no. Kate: Alright, let's get into the next one. Take it back to the era of choke point 2.0. headline for this one is Kraken will be awarded a $22 million reward with the Delaware Court of Chancery for damage related to Operation Chokepoint 2.0. So to give some context here, Kraken had hired an accounting firm called Mazers as an auditor to like go through their books and you know make sure everything they were doing was clean. And for three years they were doing this. Brandon: Mm-hmm. Kate: audit came back with clean results there was no findings of mismanagement nothing of fraud and then in December of 2023 Literally days before finishing the year end audit, the accounting firm Mazers just quit. And again, they said that there was no problems with the books, there was no no like integrity concerns, they didn't find any fraud, they just walked away. and obviously this is like a huge problem for a company who relies on these audits to publish and be very transparent about how they're working. they also need them for banking and investors and licenses, all of this kind of stuff. So They took Mazers to arbitration for a breach of contract and they're going to end up winning a twenty-two million dollar reward a couple years later. and basically they're gonna make they're asking the Delaware Court of Trancery to make this an enforceable judgment. So why they're doing this and and kind of like why Mazers quit, even though it was like a very clean kind of job, there was nothing nefarious going on and it was a paying client. Kraken is saying it's it was from government pressure. So back in 2023 there was a lot of bank regulators, the feds, the FDIC, the OCC. they're basically warning the financial industry that they shouldn't be working with any types of crypto clients for safety, you know, a bunch of different Different types of reasons. And then Kraken ended up having FOIA documents prove this. So the FDI FDIC did actually end up sending at least 25 lever letters privately telling banks to either pause operations or just avoid working with any types of crypto businesses. and that's obviously what we're calling Operation Choke.2.0. We've talked about this a lot on the show and you know how it had some pretty devastating effects for a lot of it companies within the crypto industry. and so yeah, a lot of companies got debanked, they got dropped, a lot of them just took the loss. There was probably no real legal path for them at the time. but Kraken stood up and is fighting it and they're getting paid for it. And so they're probably gonna set a precedent for a lot of companies that went through a lot of similar things where they were just dropped voluntarily or out of the blue. And yeah, we'll see if other crypto companies will kind of follow suit with Kraken and maybe get some reimbursement or some justice. Brandon: Yeah, that would certainly be nice. I like I personally have like worked at companies that have been impacted by Chopoint two point directly, like lost their their banking relationships in like the SACS ecosystem. I remember even like Manib actually like posted about I think I think it was like Bank of America, like his his personal accounts were just like shut off for no reason during this time. Kate: Yep. Yeah. Brandon: and I think he like was able to get them back, partially because he is like a public figure and and posted about it publicly. And I'm sure that there's plenty of people that, you know, maybe were not in Manib's position and probably, you know, lost and didn't really have any any recourse. so yeah, it's very real. And we're we're certainly starting to see the the aftermath of that, I guess. But good for Kraken to, you know, to get this money. Kate: Yeah. Yeah. Yeah. Brandon: I'm sure twenty two million, I mean it certainly sounds like a big number, but I'm sure that they were impacted even more than than that number, you know, represents. So, but yeah, good for them. Kate: For them it's yeah. For sure. Yeah. Yeah. Good for them. I can take the next one too if you want. I was kinda like digging into this, so it's it's funny, like anytime How to describe it, but basically, anytime anyone announces like Bitcoin yield, Bitcoin staking, I'm immediately like, mmm, we need to dig into this a little bit more. Like, sounds good, but like, what's actually happening under the hood? So, for this one, Binance made an announcement, they're launching a Bitcoin yield product. so they're getting into the Bitcoin yield race and Brandon: Yeah. Kate: Yeah, again, for me, anytime I hear this, I just think, well, like, okay, where is the yield coming from and what is the mechanics that are happening underneath the hood that allow you to earn yield on your Bitcoin? So from my understanding how this works, I'll try and keep it pretty simple because there is some like yeah, some financial engineering going on here, but basically you would deposit your Bitcoin into Binance Earn. it transfers into I think it's called BTCY. that's sort of like their Bitcoinized version of your Bitcoin. They then sell call options against it, and then the option premiums are your yield. So then you would get paid weekly in Bitcoin to your spot account. right now the strategy is is holding around 92 Bitcoin, and so the advertised APR is sitting around 0.41%. Not super high. yeah. Brandon: Yeah, that's pretty low. Kate: And then I think what's worse is if you look at the fees that Binance is gonna charge you on it. So basically they'll take a 15% cut of the option premiums off the top. So anything that they make, they're taking 15% of that. And then if you want to take your Bitcoin out, then you're also getting charged fees on that. so from my perspective, like what this means is like If you think the price of Bitcoin is going to stay as is for a long time, you could make some money on this, but if Bitcoin's price goes up, you're kind of losing out because it's a call option, so like you basically have to pay you know, the agreement price set with Binance. And so if Bitcoin's price goes up, you know, they're kind of like seeing the benefit of that. I'm not sure if you've Brandon: And they're shaving off fifteen percent off the top of that if the price appreciates. So yeah. Kate: Yeah. Yeah, exactly. So I mean for them it's an amazing business move. Like they're taking all of this idle Bitcoin and you know they're gonna be earning a ton of fees on it. So it's a great ri a great move for them as a business. But I don't know. Personally for me, like I don't know if this would be worth it. I mean everyone has to do like their own diligence and stuff, but I'm not sure how How amazing this is on the user end. I don't know, what are your thoughts? Brandon: Yeah, I mean it I guess it's better than zero percent. but yeah, but it also like if you have a lot of Bitcoin, you shouldn't be holding it on any exchange. so I don't know, yeah, that's it. There's certainly I mean, we obviously are a little bit biased towards the stacks ecosystem, but there's certainly more self-custodial options that are out there that are paying higher, like it's Kate: For sure. Okay, that's fair. No Yeah. Yeah. Brandon: It's better in almost every way. Your Bitcoin is safer and you're earning more and you're yeah, you're paying less fees, right? so yeah, I don't I don't know if I would use this. considering there's so much yeah. Mm-hmm. Kate: Yeah. I'm sure that, you know, there's a there's a customer for everything, so I'm sure this will work for some people, but I guess like if anything it's great marketing for like this whole Bitcoin yield, Bitcoin staking, all of this kind of new financial products coming out around Bitcoin because I mean from my end it's like, you know, these companies advertise it and then you can position stocks against it. Brandon: Yeah. Mm-hmm. Kate: Obviously is like the whole self-custody pitch and the three percent looks nicer compared to a point four one percent. especially when you can claim self custody, full self-custody, but yeah. Anyway, it's making a lot of noise. I again it sounds like really cool and then you dig under the hood and you're like, hmm, I don't know. Brandon: Certainly. Mm-hmm. Yeah. Yeah. It is kind of funny that we're starting to see so many of these like Bitcoin yield products coming out. It's kind of feeling like Bitcoin yield is like the twenty twenty six version of like just Bitcoin layers, you know, of twenty twenty three or whatever. so, but yeah, you know, it is it is like you said, it's validation. Kate: Yes, exactly. Yeah. And it makes a lot of sense with all these like Bitcoin Treasury companies and public companies holding Bitcoin, like that is sort of the next step is to you know, especially with people like forced being forced to sell their Bitcoin to pay dividends, if that's you know, if that's their pitch, like this is obviously a great you know, Bitcoin yield on top of your Bitcoin is a great selling feature. So I think that's a lot where a lot of it this new meta comes from. Brandon: What's a good maybe a good segue to our next topic? speaking of like being a forced seller. so I thought this was super interesting. this announcement this week, Strike is unveiling volatility-proof loans, is what they're calling it. and we've criticized Strike's loans product in the past, but this looks genuinely interesting. So volatility proof. Loans are Bitcoin backed loans that they say eliminate all price-triggered loan-to-value actions throughout a loan's term. So if you have a loan through this product, no matter how far Bitcoin's price drops, your collateral will stay untouched as long as you continue your payments and and your payments are current. if your loan ends, so the loans I think are a fixed term, they're six months. so if that's six months. period ends, there's a 10-day grace period. and if that 10-day grace period passes after a missed interest or maturity payment, collateral can be still used to either fully or partially liquidate and cover the due amount. I guess the max LTV for these is forty five percent. like I said, they have a fixed term of six months and they'll charge an additional three percent APR on top of their around 10% APR that they charge for loans. So Pretty high amount, you know, like 13 or so percent APR. but could be good if you especially if you think that six months from now, like Bitcoin's price will be higher. you know, if you think maybe six months from now, if Bitcoin's price is gonna appreciate by thirteen percent, that might be free Bitcoin. if you, you know, arbitrage in that way. that's kind of I think how you have to think about it. so you still would owe the full loan amount. Kate: Yeah. Brandon: in cash at maturity. So you're still having to pay the you know the principal and the interest after that six month period. after six months, you can either pay that and you know strike will return your Bitcoin to you or they will liquidate what is needed to pay it off. but yeah super interesting it does sound like there's I I think a little bit more risk that Strike is taking on by offering this. if Bitcoin were to go down a lot, you know, say if Bitcoin had one of its famous Kate: Mm-hmm. Brandon: you know, fifty percent in one day drawdowns that his ha has had multiple times in its history. and it just, you know, happened to coincide with your your loan ending, strike could themselves become a force liquidator while the loan is underwater and they could lose some money on that. So I'm not sure the exact fine print. I'm sure that there's maybe something in there that protects them from, you know, from becoming you know, or have Kate: Mm-hmm. Brandon: having this loss kind of that they're taking on themselves. but yeah, super interesting. Volatility, proof loans is not a concept that I have you know, heard many people talk about. Kate: No, not at all. it's gotta be the first. Pretty cool. Brandon: Okay, main story of the week. We got to talk about BIP 110. there's been just a lot of mudslinging on both sides with BIP 110. I'm sure you've all seen it on the timeline. Anybody that's listening has has probably seen a lot of posts about it. I really wanted to dig into the facts because it is a BIP. you can go on the the Bitcoin wiki and you can actually read it. so I wanted to take a couple things straight from the BIP and I actually learned some things by reading through the BIP. Kate: Ha ha ha. Brandon: about it because there is so much muzzling on both sides. there's you know not a lot of focus on the facts. So, first is the intro that's taken straight from the BIP. So this is the abstract that's at the top. So temporarily limit the size of data fields at the consensus level in order to correct distorted incentives that are caused by standardizing support for arbitrary data and to refocus priorities on improving Bitcoin as money. and I'm sure you probably agree with this too, but like my thought is like on the surface, like I think it's a valid desire to protect Bitcoin's use as money. but the implementation I think of this is just flawed on on so many levels. the primary way that they want to limit this is by filtering certain elements from transactions, namely data within witness data, which is how primarily how ordinals are constructed, and limits on TapScript and and and a few others as well. Kate: Yeah. Brandon: as we've talked about, like I think a number of times on the show, we've had, you know, Charlie Spears on the show also to really dive deeply into this on on Luke's opinions on on spam on the blockchain. these filters just don't work because there's always ways to bypass them. Bitcoin ordinals, you know, came about, but you could still prune them from your nodes, right? A lot of people figured that out pretty quickly. Kate: Uh-huh. Brandon: and then Bitcoin stamps were created as a way of storing arbitrary data on chain by splitting them up into multiple pieces on multiple UTXOs and making them unprunable. So there's always just like these ways around you know having this arbitrary data on chain. but to their credit, they actually discuss this directly in the BIP. and they say there's this quote that says requiring users to divide their files into chunks of at most 256 bytes. raising the cost both in fees and in effort sends a clear message that data storage abuses in general are unwelcome rather than sanctioned or supported. so they are basically acknowledging like, hey yeah, this isn't going to be like 100% successful in you know removing data from you know from the blockchain but it's maybe you know just gonna maybe lessen it a little bit I guess. Kate: Yeah. Brandon: and and at least send a message that we don't want this type of stuff on on Bitcoin. but I don't know. It's not terribly hard to create like a Bitcoin stamp compared to like creating an ordinal. I just I feel like it's just it's just not gonna work. and it seems like it's pretty wide consensus at this point that this BIP is is not gonna go through. it's gonna fail and is gonna result in a fork just like Bitcoin Cash or or BSV. So Kate: Yeah. Yeah. Yeah. Yeah. Brandon: That's that's my thoughts on that, but I'm curious curious what you think about it. Kate: yeah, I I'm I'm pretty with you on that. I think like to sum it up, I just I feel like the whole value of Bitcoin is that nobody gets to decide which transactions are deemed acceptable or legitimate. and I again I understand where it comes from, but I just yeah, I don't know, it's censorship resistant money and I just don't think that that's for a small group to decide what that means. I I don't know, I l I line with Sailor on this, so like we could talk about what what he says. Brandon: Yeah, Michael Saylor had this really great tweet this week that I think recaps it all very well. I'm just gonna read it verbatim because it's really good. he said, after a decade of block space fears and non-monetary use panics, Bitcoin still has no spam problem. fees are one sat per V byte. Anyone can move any amount globally with immediate processing for 30 cents. the free market has always solved Bitcoin's block space challenges. And yeah, that's that's what it kind of boils down to. Like the fees Kate: Yeah. Brandon: naturally filter out spam because you don't want to create spam if you have to pay for it. And if people want JPEGs on Bitcoin and they're willing to pay for it, they should just be allowed to do that. and you know the fees are certainly low right now during like the the peak of Bitcoin ordinals when and runes especially, you know, when fees were I think upwards of like four hundred, five hundred sats per V byte for a little bit. Kate: Yep. Brandon: Certainly it was harder, I guess, to to you know, do a standard Bitcoin transaction during that time, but it all kind of leveled out, you know, after after a little while. And that's just how it is. I think you know, the fees are gonna naturally kind of do their thing. And this is why Bitcoin layers are so important, right? you can use Bitcoin layers, you can you can transaction on Bitcoin layers, proper Bitcoin layers that, you know, settle back to Bitcoin. Kate: Yep. Brandon: and are, you know, provably you know, inheriting Bitcoin security. Super important. But yeah, I think that's that's the solution is to to use Bitcoin layers, use use stacks, use lightning, and fees are certainly much cheaper that way. Kate: Yeah, kudos to that. And I also just I think it's cool that he weighs in on this. I mean, as someone who like owns I I don't like is it three percent of the supply of Bitcoin? It's it's it's good that he's like a beast involved in the protocol level and, you know, has an opinion on it. Brandon: yeah. Yeah, certainly. I I feel I don't know if it's like a a a a change of direction, but he certainly hasn't been very vocal on on this type of stuff, I think, in the past. yeah. So for for for Sailor to there was a like the comments on Sailor's post were kind of funny, especially like coming from a lot of the ordinals folks, 'cause they were like, huh, like it's weird to be like on your side, but yeah, yeah. I agree with you a hundred percent. Kate: Not at all. Yeah. Am I a Michael Sailor Maxie? it's funny. Brandon: Yeah. Yeah. Sailor being the most sensible person in the room. It's kind of interesting. But anyway, some quick headlines just to round out the week. saw this, which was a little weird. Tennessee has officially banned Bitcoin ATMs in the state. they say it's an attempt to protect people from scams and fraud. I guess there's this ongoing court case that is is kind of battling this out, but Kate: Ha ha ha. Brandon: A judge has approved a ban in the meantime, while this is going on. So if you're in Tennessee, I mean, there's certainly much better places to buy Bitcoin than a Bitcoin ATM. Those things are those things kind of themselves are are scams because they charge crazy fees. Yeah. But you know, capitalism, I guess. Kate: Yeah, so expensive. It's so insane. Yeah, then we have Polymarket. They're now supporting instant Bitcoin deposits over Lightning, and this is gonna be powered by Spark. That's pretty cool. That is great for Bitcoin. yeah. Brandon: That is good for Bitcoin. Pretty cool stuff. Circle is now a federally chartered bank. Circle has received final US approval from the OCC to launch its own national trust bank, operating as Circle National Trust. give institutions a federally regulated on-ramp to move serious money onto blockchain rails, so just easier, I guess, to get onto circle. and their stock jumped 10% on the news this morning. So that's that's pretty big. Kate: Yeah, pretty cool. And then to end it, we'll take it back to the Stax Eco system, but SIP forty-four and forty-five votes are going live later today on ballot GG. So yeah, if you're in the Stax Eco, make sure you go vote yes for native vacancy. Is it? Okay. nice. Brandon: I I think it's live now. I think I think while the show has been going on, it is now live. Kate: Perfect. Okay. So yeah, these are the sips around Bitcoin staking and Clarity Six. So if these go through then all of these things that we've been talking about will come to fruition. so it's likely gonna happen, but you never know. but I think that there's a lot of a lot of support for these changes to take place for sure. Brandon: I think it's pretty safe for us to recommend a yes, on these. Kate: Yeah. For sure. For sure. Brandon: Yeah, go vote, yes. I think you you can find the links on the on the stacks. I don't know if you can get it directly from ballot gg, but you'll find them on socials. yeah, go vote. okay. I think that's everything for the week. thank you everybody for tuning in. If you're tuning in live, thank you. we will see you next week. you can catch all of our episodes on goodforbitcoin.com, where we stream live every Friday at 2 p.m. Eastern. And have a good weekend, everybody. Kate: See you guys.