Live 365. today for prices on hard to find ammo and bulk ammo orders. You don't need to worry about having a military surplus store in your area because MaineMilitary.com is the only store you'll ever need all from the comfort of your computer. Visit them online today at MaineMilitary.com. That's Maine like the state Military.com. Or call them at 1-877-608-0179. That's 1-877-608-0179. I had a dream the other night that, well, I didn't understand. A figure walked in through the mist with a flintlock in his hand. His clothes were torn and dirty as he stood there by my bed. He took off his three-cornered hat, and speaking low to me, he said, we've fought a revolution to secure our liberty. We wrote the Constitution as a shield from tyranny. For future generations, this legacy we gave. In this, the land of the free. and home of the brave. The freedoms we secured for you we hoped you'd always keep. But tyrants labored endlessly while your parents were asleep. Your freedom's gone, your courage lost, you're no more than a slave. In this the land of the free and home of the brave. You buy permits to travel and permits to own a gun. Permits to start a business or to build a place for one. On land that you believe you own, you pay a yearly rent. Although you have no voice in saying how the money is spent, your children must attend a school that doesn't educate, and your Christian values can't be taught according to the state. You read about the current news in a regulated press, and you pay a tax you do not owe to please the IRS. Your money is no longer made of silver nor of gold. You trade your wealth for paper so your life can be controlled. You pay for crimes that make our nation turn from God and shame. You've taken Satan's number. You've traded in your name. You've given government control to those who do you harm so they could burn down churches and seize the family farm. And keep our country deep in debt. Put men of God in jail. Harash your fellow countrymen while corrupted courts prevail. Your public servants don't uphold the solemn oaths they've sworn. and your daughters visit doctors so their children will be born. Your leaders send artillery and guns to foreign shores and send your sons to slaughter fighting other people's wars. Can you regain the freedoms for which we fought and died? Or don't you have the courage or the faith to stand with pride? And are there no more values for which you will fight to save? Or do you wish your children to live in fear and be a slave? O sons of the Republic, arise, take a stand, defend the Constitution, the Supreme Law of the land, preserve our great Republic and each God given right, and pray to God to keep the torture freedom burning bright. As I awoke, he vanished in the mist for whence he came. His words were true, we are not free, but we have ourselves to blame. For even now as tyrants trample each god given right, we only watch him tremble, too afraid to stand and fight. If he stood by your bedside in a dream while you were asleep and wondered what remains of the freedoms he'd fought to keep, what would be your answer if he called out from the grave? Is this still the land of the free? And good evening, ladies and gentlemen, this is the Evening Intelligence Report. I'm Mark Harkey. And a butter knife. one day closer to victory for all of our brothers and sisters both on and behind the lines in occupied territories west, central, southeast, and south. Well ladies and gentlemen you were listening to us on LibertyTreeRadio.4mg.com We're on AM&FM micro stations, CB base stations, and Ultra Net technologies both east and west of the Mississippi along with southern and central Alaska. We're on the Hallmark Network on the eastern seaboard from the top of Maine to the bottom of Florida. From the bottom of Florida across the arc of the Gulf of Mexico headed Louisiana, Texas, Oklahoma. A big chunk of Nebraska, a whole bunch of Wyoming to include both the Pit and the Third then working our way across the plains waving over our shoulders to the Rockies. We then, let's see, leaped the Mississippian land in the Smokies, where the restaurant crew's grandma teams, OK teams, and the Ma Bell Grammar Consortium doing their part to get the Golden Spike project not only up and running, but completed. Well, I'll tell you what, it's a beautiful summer day out there. We've had some classic rain, straight down, nothing fancy, but beautiful weather. Growing season's been great. BK, what's it like in your neck of the woods, and what is the date today, sir? It is 29 July. It is Friday evening, it is the last hour of the day and the week for the intelligence report and that makes this quarter masters corner. And as we have reported several times in the recent past, it is a steam bath here in the Eastern Missouri region. We got a few days of respite. earlier this week and we are back to steam bath and normally we expect this sort of stuff throughout August and we've gotten it for the last half of July so I imagine we'll have it all of August and into the first week or two of September. Man, it will be pleasant when we get all the way down to 80 degrees and we say, ah, so cool, you know, and get down to 70 and we're going to start looking around for the parkas. Oh, wow. We'll probably be mighty chilly over the winter because we're getting so used to this tropical goop and high humidity and so forth. But, oh well, we just deal with what comes, so that's the way it goes. Bouquets, you name it, everything in between, not just the B's, but also A through Z. Our job is to give you a solution to technology problems, resource evaluations, ways that you can get more for less, how to make it work, how to store it, how to keep track of it, you name it, we're going to be touching on it tonight, so get your pen and paper ready. And remember, you can also go to the archive for the programming, so you won't lose this. You can also copy and share with other people. You see ideas? Hey, we don't care who uses them, just get them in motion, guys. Anyway, Pete, what have you got for us right off the bat, sir? Well, our friends in the chat room and I have been cooking up a project and working on it for the last couple of three days, and we'll get to that shortly. But let's do the routine business and post the usual rhetorical and annoying question. Have you put anything into your preps this week? If you have, then that's good. Keep doing that, keep chipping it away. The only way we're going to get this stuff done is if we keep chip, chip, chipping away every week without fail. If you have not, this is Friday evening, you have Saturday tomorrow that's ahead of you. There are garage sales, there are usual assortment of grocery stores and discount outlets and you may have access to it. feed grain or you know grain mill or food wholesaler or Tool supply or whatever it is that you need put up something As I have said before, I don't care whether you're putting up food or consumables involved in your profession, drill bits, blades, abrasives, adhesives, lubricants, everything counts. We are going to have a hard time replicating in miniature an entire economy. We won't be able to do it, but we will muddle through as best we can and the more preparation we do for this, the smoother things will be, the less painful it will be. So we just keep chipping away at it week after week, month after month, and we hope for as much time as we possibly can. It seems to me that time is probably growing short, but I don't have any better crystal ball than anybody else does, so we just keep chipping away and getting prepared for this sort of stuff. Do we have a beep? I'm in between holes in the network. Very good. Keep going, BK. Okay. Well, we have a special topic that we want to handle this evening. I'm not sure how long it will take, but it may gobble up the whole evening. So, let's get started on this early. We have occasionally discussed economic topics. We have advocated people holding alternate currencies. That's what gold and silver are, if anybody actually has spare FRNs for the purpose. We certainly do recommend it. The basis of these alternate currencies is that they have some intrinsic value and therefore they cannot be corrupted beyond a certain point. The problem with our mainstream currencies, the FRNs, etc., is that the central issuing authority has been corrupted. It was done a hundred years ago, the Federal Reserve went in, that was the first hook the vampires really got into the system. They had been playing games and manipulating and doing horrible things for hundreds of years before that. But they didn't have a really, really good hook into the U.S. economic system until they got the Federal Reserve in. And they have been sinking the pro-boss guy even deeper into our throats ever since. Surely, we see the end of the FRN is rapidly approaching. There's no way to tell exactly when that will be, and there's no one day that you can ever point to and say, oh, this is the last day of the FRN, or the Brit pound, or the Reichsmark, or the Deutschmark, or whatever the case may be. But all of these fiat currencies have or will. at various times pass into history and obscurity. I was looking at a timeline recently of the hyperinflation in Germany and one of the things that we really don't recognize much or notice much is that the entire thing start to finish took a grand total of about six months. This is not a period of several years where things fell apart. This is pretty much a six month period. This is back in a day when lightning fast financial transactions were done by handwriting a check, that new innovation of financial management, the personal check, the business check, and physically transporting it. and signing it off and a clerk looking at it and transcribing the data into actual ledgers with ink pens and doing the arithmetic and then sending paper memos around to other places in the bank and then the bank sent pieces of papers back and forth among themselves and so on. And this was the blazing fast transaction mechanism in place and it took six months for that currency to shatter and explode. Well, now we send bits and bytes around in milliseconds, not days. It doesn't take a day for a piece of paper to get from the writer's hands to a bank branch and then another day to be transmitted up the chain to the central clearinghouse and so on and so forth. This stuff is done in milliseconds or seconds. So we really cannot base our expectations of how rapidly these things might deteriorate on past history. What we can say is that with much, much slower back office mechanisms, it took six months in Germany, it could take six weeks or six hours in the U.S. There's no way to tell. But surely the FRN is in trouble and there are alternatives that we should be looking at, including the medals. Well, the medals are not the only approach one can take. There is the example from history. We have some educational films that are in circulation that talk about colonial script, and that was a purely fiat paper system. which worked very very well in colonial America until the British came along and started counterfeiting it in large quantities, specifically to blow it up. Probably not the first and certainly not the last time the British have come over here and helped us by blowing things up and destabilizing the system. But that system actually did work. And the tally stick system in medieval England or pre-medieval England. also worked. That was also a fiat system. There was no intrinsic value to speak of in the tally sticks. Nobody would ever want to burn one, and aside from firewood, that's all of the intrinsic value you could possibly impute to it. So unbacked currencies have worked in the past at many times. The key is whether the issuer is corrupted, subverted, or sabotaged in some fashion. Well, there is a new fiat currency, or shall we say unbekked currency, appearing. And this one is very interesting and unique. It has been kicked around for a while, for the last couple of years or so it has existed. It has been a topic of discussion among the nerds for a time, but has really only started to catch on in the last few months. And it's called Bitcoin. It is not the world's first purely digital currency, but it is unique in a couple of regards. One is that it is open source. meaning that all of the source code, all of the algorithms, everything associated with it is completely open source. It is fully described in a paper written by a rather brilliant fellow in Japan proposing this notion. And it is distributed. It is running on thousands or perhaps millions of machines right now. all over the world and therefore there is no single point of failure to hit. It is not designed to be the most robust conceivable system. in that there is an IRC point that is highly vulnerable to perhaps attack, but is rather hard to attack and there are fallback mechanisms for these machines to talk peer-to-peer to each other and so on and so forth. But it is open source and it is distributed. And the way Bitcoin works is that it is heavily driven by cryptography and public key, private key exchanges. And so a Bitcoin is generated by a software process and then has the two properties that are necessary in a currency. It can be exchanged and it can be created. And that's all. Those are the only properties that are required for a unit of currency. Bitcoin's can also be lost, but not in an explicit fashion. Basically, they're just forgotten is a little bit more explicit term. Now, the way they are created is by running some processes on many, many computers around the world and solving a cryptographic puzzle that is part of the specification of the system. It takes a lot of computing power to solve this puzzle. There are a known number of solutions to this puzzle, though the solutions themselves are not yet known. They are being discovered every day. I have recently misquoted this number in conversation, so I went and looked them up to be sure. There are a total maximum possible, roughly 21 million bitcoins. That is the maximum that can ever exist with the specified algorithms and encryptions involved and hashes involved. And about 7 million of those have been discovered today. So about one third of the possible bitcoins that can exist do exist so far. And people are creating and discovering new ones every day. Once a Bitcoin exists, it is stored in a user's wallet. That is a software file, is a file on a PC. And that wallet is simply a DAT file in one's program directory. You install the Bitcoin application on your machine. It creates account addresses. These are public keys. for those familiar with public-private key cryptography, at which point people can send Bitcoins to your number. Every time a transaction occurs, a new number is generated. So you may end up with a Bitcoin wallet that has a bazillion different public key numbers. All of them work. All of them plop down into the same wallet. on your PC and when you have some bitcoins you can send them to somebody else and the process of anybody transferring coins from one person to the next is not instantaneous. Acknowledgement of the pending transaction is pretty much instantaneous. Remember this is a peer-to-peer network and a great deal of thought has gone into the architecture of it. and when you attempt a transaction, a lot of machines get involved. checking and rechecking the authentications, looking at the hashes that are part of the transaction record and providing something that is called proof of work and so on. The short form is that a whole lot of machines have to sign off on your transaction for it to be accepted by the network and the plus side is that a transaction once accepted by the network is quite secure. So, in practical terms, if you want to do a transaction with a Bitcoin, you do the transaction, it shows up almost immediately as pending, and at the current time, it typically takes a couple, three hours for a transaction to be completed. And once it's completed, all sorts of machines all have copies of that transaction in the form of all sorts of encrypted strings attached to that. Bitcoin showing the public keys of accounts that have held it and so on. There is actually, believe it or not, a considerable degree of privacy and anonymity in a Bitcoin, not as much as cash, but much more than traditional electronic transfers. That is the method of transferring a Bitcoin from one place to the next. Now, how does one acquire these things initially? Well, in the very beginning, they are created. And they are created from a process that's being called mining. The bottom level, where the metal hits, rubber hits the road in mining. is calculations to solve a cryptographic puzzle. The calculations consume a lot of CPU time. Unlike the SETI at Home project or the Folding Proteins project or whatnot, these calculations are not intended to do anything intrinsically useful. They are simply a means of spreading out the ability to generate the bitcoins. So doing the mining process takes a great deal of processor time and is well-documented so that anybody can do it and anybody can write a program to do it and the programs available to do it are widely distributed so that anybody that wants to get into the game of mining a Bitcoin can do so. Since it is so mathematically difficult or computationally difficult nobody gets to completely monopolize the process. The generation of bitcoins, the mining of bitcoins is spread out and that's the whole point. Nobody is going to adopt a system in which Joe Blow simply announces, oh I've got an electronic funds mechanism, I'm going to create a bunch of electronic coins, everybody play in my garden and whenever I want to I'll create a billion more and make all of yours worthless. So, This system by design is set up so that anybody, thousands of people or millions of people around the world, can all mine Bitcoins. And lots and lots of people are. And we can talk about the mechanisms of doing that. We had a beep. If somebody wants to speak, you can, but I'm going to limit the amount of time you spend because we want to cover this topic. Does it color want to speak? Okay, very good. All right, so... As these coins are mined, then the person who mines the coins gets to spend them, and they are in fact mined in large blocks. The way the algorithm works is that 50 coins at a time are manufactured by whomever is lucky enough to solve the correct puzzle. in sequence. So there may be thousands or millions of people running their little mining programs and every once in a while somebody sort of wins the mathematical lottery and, kabang, his process, solve the puzzle, discovers a block which, a block is 50 bitcoins. Now, in the very early stages of the game, it was very easy to discover bitcoins. And people who jumped on it very, very early, when even the nerds were all kind of scratching their heads and wondering about this thing, made piles and piles of bitcoins. And they weren't actually worth very much either. There's very little you could do with them. You could trade them back and forth. There are a few people who are willing to accept bitcoins in exchange for things, but usually for intangible services like I Will Design Your Webpage for You and things of that sort. Over time, that has grown. So there are far more people, even though very, very few globally, in the largest sense, will accept them. There are more and more people every day who will accept bitcoins for whatever reason. They were easy to mine in the beginning, they are becoming much more difficult as time goes by. At the current time, the average PC doing a good job of mining for Bitcoins could perhaps generate a block of Bitcoins every year or two. If that's all that that PC did, if it cranked away at maximum. So, that is really very, very slow and very random. And what's more, the way things work is that you and your next door neighbor can both be cranking along on the same block. and your next door neighbor discovers that block five minutes before you do, he wins, you lose. You spent a year of CPU time working on that block and he gets it because he got there five minutes earlier. So, that kind of sucks. People have instead developed a different system of mining. It has all the same mathematics and everything, but it's called mining pools. Under mining pools, People cluster together their computers and they cooperate and they say, okay, 500 of us are all going to cooperate on calculating different portions of this puzzle among us where there may be 5 billion hashes generated per second or whatever the case may be. And when we discover a block, we share out the results of that discovery. obviously weighted by how fast our machines are and how many hashes we generated and so on. That's pretty straightforward mathematics. And so most bitcoins now are discovered by mining pools. And there are a large number of pools out there. The two biggest pools are called slush's pools, slush's pool, and deepbit.org. Now, Between them, those two cover more than half of the mining pool market. And because of the nature of the security built into things, there is a danger when any cooperating purported bad guy or theoretical bad guy has more than 50% of the computing power in the entire system, some corruption could occur. So it is desirable that anybody who signs on new to the whole Bitcoin mining thing should avoid the very, very biggest pools as a public service, and instead should join smaller pools to work against the possibility of any single operator or pair of operators getting so big that they could corrupt the system. Not that the original operators would necessarily wish to do so, but their machines might be subborned in some fashion, some bad software could be pumped out, you know, something along those lines. So anybody who's interested in Bitcoin mining, should Google around or start page or use the search mechanism of your choice, choose a smaller pool and sign up there. So, what is the general process of getting involved in Bitcoin and playing with it? There are two steps. The first step is you go to bitcoin.org and you download their applications, available for Windows and Mac and a few others for Linux, and you install that. And that will create a wallet for you. Okay, all it's doing is creating a little file in which any bitcoins you own are held. That's your copy. If that file is destroyed, those bitcoins are forgotten and lost to the world. So you apply the standard security principles to that that you would to any other document of value. that client will generate a long mathematical string which is an address. And every time there's a transaction, I create a new address. And if you hit the button saying, show me receiving addresses, the addresses on which I can receive bitcoins after a little while, you'll get a long list. All of them work, all of them plop into the same wallet. Generating a new address every time is a privacy thing. So you can post the same old address on a website and say, you know, hey everybody please contribute bitcoins to me, here's my address, and that will continue to work. But you can tell 50 different people 50 different addresses and they cannot compare with each other and say oh I know who that is because I got the same address as you did from so and so. So you run the Bitcoin client you create an address and you're in business. You have the ability to receive a Bitcoin. Now you can just proceed from there. There are exchanges where people buy and sell bitcoins in terms of Federal Reserve notes or Deutsche Marks or yen or whatnot. So at any given time, there is an exchange rate, which fluctuates, of course. Right now, the exchange rate between bitcoins and Federal Reserve notes is somewhere between 10 and 14. for the first couple of years that it existed, the exchange rate was way, way, way below $1. You hear stories of people who spent $50 and got 1000 bitcoins away in the very beginning. And if you look at the price charts, you'll see that as of March or April of this year, the value of Bitcoin was somewhere in the vicinity of one Federal Reserve note. Around May, it actually took off, shot way up to around 30 Federal Reserve notes, dropped down and has settled in somewhere between 10 and 14, depending on who you listen to. So if you wish to simply purchase Bitcoins, you can do so. and then you can engage in commerce with those and trade them back and forth and transfer them to people with or without exchange of other goods, etc., as you see fit. If you choose to engage in mining, you can do a traditional mine or a web mine. Either of these is fundamentally the same thing. You really don't want to try to mine Bitcoin is all by yourself as we described because a block is 50 bitcoins and it's going to take a year or three for you to do it. You really want to participate in a pool. The traditional way of participating in a pool is to download a client and install it. It is a program not significantly more complex than say an email program or anything else. You download it, they're open source, there are many of them available, they compete with each other. People all discuss which one is better, which one they like. There are available for Linux and Mac and Windows. Some have console user interfaces, some have GUIs, you know, the usual situation with any sort of developing software technology. You can download one of these clients, install it, you create an account with one of the pools, choose a password, choose a username, and configure your client to talk to that pool and participate in it. It's very similar in complexity level to getting your email client to talk to your email servers, that sort of thing. That is the traditional way of doing things. And there's a reason to do that. There are two major methods of mining for bitcoins. One of them is to use your computer to do those calculations, and these installable miners will do that. The other one is to use your GPU to do that. Remember, your computer has a CPU, a central processing unit. That's the big chip in the middle that makes everything work. There are video cards with a GPU in them, a graphics processing unit. That also is a processor chip, but it's very, very specialized and it does a very small number of specialized operations very, very fast. Well, the Bitcoin mining algorithm was deliberately designed to be very, very efficient on one of these stripped down computer chips that are put in some of the very high end video boards. So if you have one of those very fancy video boards, and in practical terms we're talking, the best ones are the ATI Radeon HD family. Basically, the lowest end that's suitable is probably the 4300s or so. And, of course, there are really fancy video boards that go on up from there. You're talking maybe a $150 video board right now. But if you have one of those video boards, you really, really want to install one of these traditional style miners. Because that will, assuming of course it's a GPU capable miner, will let you crank out these hash calculations on your GPU and that can be 50 to 100 times faster than your central processing unit just because of the streamlining of the GPU. If, however, you do not have one of these super-duper video cards, then you are limited to CPU calculations. Now, you can use a traditional miner for that purpose, and you may choose to do so. It makes it easy to run in the background in your machine and so on. However, there is a new variation that is also possible that uses your CPU and does not require any installation and is therefore very, very easy to run. And that is the Java minor. that there are a few websites around now which are throwing up web pages with Java in them and that Java is a Bitcoin miner and all you have to do is load up that web page and push the button and it will start calculating hashes and do mining for you with no installation required, etc. Now the first person who connects to one of these sites has to create an account. because they have to have a password and tell it a Bitcoin account to send the money to and all of this kind of good stuff. But the one that I have found and have been playing with and some of our friends in the chat room have been playing with, have helped us in this experiment, is called Bitcoin Plus. And one of its features is that when you create an account, it generates a URL. that other people can open and participate mine bitcoins and drop them into your account. So they don't have to do anything at all except open that URL. And so for the last two or three days, old BK has been running a couple of machines mining fractional bitcoins, you know, very, very tiny fractions of bitcoins. Remember these pools very rarely discover a block of bitcoins. They may do it every few days or something along those lines. So they credit your account in a made-up micro fraction of a Bitcoin based on their statistical expectations of what they think they're about to get, you know, their expectations of future Bitcoins or recent past or what have you. So, this Java miner is the one that a number of us have been playing with. Now we don't know that it's the most efficient one on the planet or anything else, but it happened to be very, very easy to use and it does seem to work. So, that can be found. Anybody who wants to participate and help us play with this and see what we can do in terms of generating some bitcoins is certainly invited to do so. It would be fun to see what we could accomplish over the next week or so as people share this broadcast. But I've created a tiny URL for that mining page. and that tiny URL is tinyurl.com slash 3bql easy 8. And that will send you to a page on bitcoinplus.com slash generate question mark 4 equals n. There's a user account number and all that kind of good stuff. If you open that page and you push the button saying start generating, your machine will start crunching away calculating hashes for bitcoin calculations. And every once in a while This little number saying payouts, this session will increment from 0 to 1 to 2 and so on and so forth. Depending on how fast your machine is, it may happen on average every half an hour or every six hours or whatever the case may be. between BK's two machines and those of the people in the chat room that have chosen to participate in this little experiment, we have, as of this moment, generated 117 payouts, which is kind of neat. Based on current exchange rates and the arithmetic of that particular website of Bitcoin Plus, it takes about 25 of these payouts to equal one penny. in FRNs. So in three days, BK and a few friends have generated a little bit over 4 cents in bitcoins. So that's pretty neat. We have to get to 1 1 hundredth of a Bitcoin 0.01, which is something between 10 and 14 cents before we can actually transmit that anywhere, the smallest transmission allowed from this site. is 1 1 hundredth of a Bitcoin. So that's, you know, somewhere between 10 and 14 cents right now. So we're not quite at the point where we could actually transmit this fabulous pile of wealth, this 4-n-a-fraction pennies, off to a Bitcoin account, for instance, BK's account. But we are making some progress in that direction. Now, Why do I talk about this? Well, let's throw in a couple other observations. It is very, very slow to generate bitcoins. Hardware is cheap, but not that cheap. Anybody who wants to generate bitcoins should not buy or build a computer for the purpose. It will not pay to do so. Anybody who wants to generate bitcoins should not do it on a laptop under any circumstances. Laptops are feeble, flimsy, shabby devices designed to tick along at 2 or 3% of rated capacity. If you actually run them at rated capacity, they will die in no time flat. I consider laptops the computing fraud of the century. They give you all of these specifications, but if you actually try to run them in those specifications, they'll just die in no time flat from heat death, generally. So anybody who wants to do bit mining should do it on a desktop PC. Likewise, do not purchase one of these fancy video cards for the purpose of bit mining. If you have one, because you want to do the gaming, then using it for bit mining is excellent. but do not purchase one for the purpose because the very cheapest ones that are suitable are $100 and you can pay $700 for better and better GPU based video cards. You can spend insane amounts of money and old BK will tell you you need to be buying beans and rice and stuff for the purpose. Okay? And do not run a PC for the sole purpose of generating bitcoins because in practical terms, especially if you're doing CPU mining, the electricity that you burn doing it is probably worth more than the big coins you are generating. Is that pessimistic? Does that sound like we shouldn't bother? Well, maybe it sounds like that, but I don't think that's the case. There are machines which meet all of these caveats. If you have a desktop machine that is already running, especially if you've got a GPU, that's great. But if it's already up and running for other reasons, then by all means go ahead and run a Bitcoin miner in the background. These things are pretty well behaved. They run at low priority because they are going to max out your CPU. So the coders always make sure that the priority is low, so that your machine will do other things competently without a lot of slowdown. Because if somebody runs one of these miners and then their mouse won't move, they're not going to run that miner very long. And the authors of a miner certainly want people to be using their miner if for no other reason than ego. Whatever kind of miner you use, whether it's one of these installable guys or whether it's one of these web guys, which are perhaps not as efficient as the installable ones, but very, very easy to use. Expect them to max out your CPU. Expect them to generate bitcoins very slowly. Alright, now why would that be of interest? Well, It occurred to me that while no particular single machine generates very much per day in the form of bitcoins, it scales. This is a situation of high scalability. if a couple of hundred people or a couple of thousand people or whatnot decided, hey, it doesn't cost me anything to run a Bitcoin miner on my machine while the machine is already running. I already run this machine 24-7 or I already run this machine X number of hours a day. I'll just run a Bitcoin miner in the background in the meantime. there is a tiny little generated bit of value there. Not only does it create and support a currency system that is independent of the fiat thug-based currency systems in existence now, the FRN, the Pound, etc., and so forth. This distributed system, I will point out, is very difficult for any single national authority to spike. Could be done. But it would take a massive expenditure of resources and could not be done on a stealthy basis. Witness what happened to WikiLeaks. When the vampires in the federal system, the U.S. federal system, decided that they were inconvenient, they applied a little bit of muscle to Visa and MasterCard and several other organizations. Some of the banking systems were more than happy to cooperate. and basically choked off their funding. I don't think WikiLeaks has ever recovered from that. Whether you think Wiki is honest or not, the fact that the mailed fist of a single national government can reach out and grab them by the throat and choke off the air supply has to be worrisome. Because what can be done to them can be done to somebody else. A distributed currency of this sort is much, much harder to choke off. There is no single account that can be frozen. The entire system can be attacked in a massive fashion, but the US federal system, for instance, could not do that without being very, very public and visible about it, they would have to basically stage massive computational attacks with scores of thousands of machines and their IP addresses would be known and everybody would see what they're up to. They cannot attack a single account effectively as long as the encryption holds up. and a lot of people have looked at the encryption and believe it's very sound. So there is some public service benefit to be had from participating in a system like this of nurturing it and helping it grow and so on. There is yet another notion. The notion occurred to me that if, for instance, a charity or recipient of our choice were to create a Bitcoin account, and post their address, people could of course send them donations as they have in the past in other ways through PayPal or whatnot, as long as no central authority has instructed PayPal to forbid those transfers, that could very well happen. Or the charitable or other recipient of these donations could simply post a link of the sort that we've been discussing here and that we've been experimenting with. This one is on Bitcoin Plus. There are other possibilities. There is an outfit called bithasher.com. Seems to be an up and coming up start pool that also uses a Java Bitcoin miner. I have not done anything with them. I just noticed that they exist. I did a little search for another outfit. But PBN, for instance, could do this as well. PBN could create a Bitcoin account, and if they wanted to, of course they could do things the old-fashioned way and simply post one of the receiving addresses that people could send Bitcoins to if they felt like it. But... It could also post one of these URLs on Bitcoin Plus. It would be bitcoinplus.com slash generate, question mark, for, you know, F-O-R equals, and it would be an account number and so on and so forth. Anybody who felt like doing so could click that link and bring up the page and push the generate button and walk away from their PC whenever they were planning to walk away for lunch or be away from the machine for a while or simply switch to another page on their web browser and do other things and let it run in the background. And in this fashion, it would be essentially painless for people to participate in this sort of mining. And every once in a while, every half an hour, every three hours or whatever, depending on their CPU, a 25th of a penny would accumulate in that Bitcoin Plus account. And once in a while Mark or Ed or whatnot could log in there and transfer it to an actual Bitcoin account. And perhaps that might actually add up to a significant amount of useful funds. The few of us who have been experimenting with that this week have been running for only about three days, maybe two days for most of us, have been doing only CPU mining, to the best of my knowledge, none of us have the fancy video cards involved. We have been doing it only with this Java web page. Java is probably less efficient than tightly written C code in a regular, traditional miner And even in spite of all of that, we have generated, as I speak right now, 117 payouts, which with the current arithmetic is very nearly five cents. So, suppose we, three, four, five, however many people there are, were to scale by a factor of 100 or 200 or 1000 or what have you. Suppose everybody out there who listens to this broadcast, if you've got a laptop, never mind, don't stress your laptop, it's not worth it. If you run your PC only once in a blue moon or if you don't have an internet connection, you know, never mind, you do need to have a live internet connection in order to do this. But if everybody out there considered simply jumping onto one of these URLs and hitting the Generate button and leaving their machine running that, for however long the machine would normally be running. Don't run it extra hours in order to do bit mining, but if you normally run it from 8 a.m. to 5 p.m. then when you fire up the machine at 8 a.m. you might care to open up that link and push the Generate button and then open other web pages and go about doing your business. Your machine might drop a fraction of a penny per day into that account. and we might actually be able to generate a noticeable revenue stream for a recipient of our choice. In this case, I was kind of thinking about LTR VBN. So, this is a possibility in an experiment we might care to try. If we wanted to do that, the very simple way is to simply use the URL I gave you. That happens to be an account that or butter knife controls, but I will offer the following pledge if we achieve the vast level of wealth of 15 cents or whatever the transferable amount is. And if PBN creates a Bitcoin account, I will log in there and send that fabulous sum to PBN. So, if anybody wished to play with this technology and see whether you wanted to do it, we could certainly put that link on the PBN pages. But for the time being, it is tinyurl.com slash 3BQLEZ8. That's three bravo. Kweebec Lima. Ekozulu. So I propose that we expand the experiment that a few of us have been running for the last few days, and which has generated 4.5 cents so far, more or less equivalent. and see whether others out there care to play and see whether we can get the payouts counter to advance a little bit more quickly and maybe actually work this thing up into a revenue stream that might help out old BBN. and we're down to four minutes, so I guess I sort of timed this explanation adequately. I will give you just the remaining four minutes for comments, questions, etc. Go ahead. And again, people in the... this is a project you've actually initiated earlier in the week here. You've had the people participating in different ways in the chat room, correct? Mm-hmm. So everybody out there listening, if you want to get in to find out any more, you can also talk to the guys there. We have a lot of people in the chatroom right now, by the way. So for our friends, when we're done, I'm sure BK will be stopping in. Any questions or anybody needing more explanation about what's going on with this idea, they can proceed that way. Again, www.libertytreeradio.4mg.com. Some of our people listening other ways, then go to our chat room and log in. Come on in and visit for a bit anyway. We've got lots of room here. and from B to T and everybody in between. There's a whole bunch of guys here right now, myself included. Those of us who are propeller heads, be advised that our chat room is really an IRC channel. It is on IRC.IRCstorm.net and the room is Pound Liberty Tree Radio, all in lower case. Go ahead. Very good. So again, for everybody out there, you take the time, plug in, say hi to everybody. We've got a whole bunch of other stuff that's going on. Of course, it was a say progressively through the channel as you scroll through. If you've been hooked up for a bit, you'll find that we bounce all over the place into other subjects too. So you name it, it's touched on. You've got a question about technology, resources, how to organize, places to go. This is a way for everybody to be able to use the tool to the best of our ability. In other words, take advantage of that computer we bought and use it actually as a tool in our favor. Another thing that I would recommend and real quick as we are at the top, one more time on this, this has to do with gear. Clothing. A lot of you guys are going to go out this weekend, you're going to get dirty and only got one pair of BDUs that fit. Well, rap4.com, www.rap4.com. Go to the page, go to catalog, then go to the clearance section of the catalog. The BDUs, that's the quickest way to see exactly what they have because it sorts all the other gobbledygook away and it's only the BDUs that are on sale. and they have digital patterns but they have them in 1x, 2x, 3x and 4x. You want something comfortable, this is a way to get more uniforms and inventory. Beat the ones that are the tiredest and use those for your training uniforms and keep the other gear on hand so you've got new equipment ready for when the time comes. But you can have multiples and it's $20 a top and $20 a bottom so the price is right. We are just about the top. I think we'll have Joe... let's see... wait a minute... Do we have, let's see, Dutch coming up or are they on tape? I won't know until I go to the website. Oh, okay, so we may have Dutch Jones live. We'll find out right after our program here. BK, anything more before we go? Yeah, people may get swamped in the explanation of all of that stuff. The short form is that if you use that URL, you can push the Generate button and play, and we will discuss the results if they are worth discussing in a future week, and we'll see whether this actually leads to anything. I would encourage people to come play with us and see whether we can make it work. Very good. We are at the top. Everybody, it's the weekend. You guys out there in the field, be careful if you're on the range. Remember, maintain our safety standards. God bless the Republic. Yeah, to the New World Order. We shall prevail, ladies and gentlemen. The Empire is on the run. We are on the march for day and night. Hoorah! Kick it to the side. Thank you, BK. You're welcome. And remember, we got Dutch coming up next right here with more live radio on Liberty Tree Radio. We'll find out more for sure if it's live or not in just a moment. Bye-bye. The seed in our home waste may have been cold, we're all