Episode notes
Canada just lost 84,000 jobs. Goeasy blew up 57% in a day. And a former Prime Minister compared Bitcoin to Pokémon cards. Normal week.This episode covers the biggest Bitcoin hardware launches in years (COLDCARD Mk5 AND Jade Lightning — same week), the IRS form that forces crypto users to confess their entire history under oath, 20 million Bitcoin mined and what happens next, and more Canadian institutional collapse than we can comfortably fit in one show. COLDCARD Mk5 launches — Coinkite's latest generation drops from Toronto: bigger screen, better keys, faster NFC, still 100% air-gapped and Bitcoin-only. A Canadian product building financial sovereignty hardware for the world. IRS Crypto Perjury Trap — The IRS is attaching a two-page form to audit notices demanding your complete lifetime crypto history, signed under penalty of perjury. Tax attorneys say don't sign it. Here's why. Boris Johnson Calls Bitcoin a Ponzi Scheme — The former UK PM, whose own government tried to make Britain a "global crypto hub" in 2022, compares Bitcoin unfavourably to Pokémon cards. Michael Saylor, Adam Back, and community notes responded.⚖️ Coinbase vs. Bitcoin Tax Exemption — Marty Bent alleges Coinbase lobbyists told Congress "no one uses Bitcoin as money" to kill the de minimis exemption. Coinbase says it's a lie. The CLARITY Act currently excludes Bitcoin from exemption anyway.#️⃣ 20 Million Bitcoin Mined — 95% of all Bitcoin that will ever exist is now in circulation. The last million takes 114 years. The most important monetary scarcity milestone in history.️ JPMorgan Sued Over $328M Ponzi — Jamie Dimon calls Bitcoin a Ponzi scheme. His bank allegedly provided two years of banking infrastructure to an actual one. Class action filed. NOTABLE NORTH 84,000 Jobs Gone in February — Canada's worst non-pandemic monthly jobs number in years. Economists expected +10,000. Private sector is contracting. Youth unemployment above 14%. NDP Floor Crosser — Lori Idlout joins the Liberals, becoming the 4th opposition MP to cross the floor in 4 months. Carney is two byelection wins from a majority government. Shots Fired at US Consulate — Two men open fire on the US Consulate in Toronto at 4:30 a.m. The building held. No arrests. The RCMP is treating it as a national security incident. Carney: One Year In — The former central banker turned PM marks his first anniversary in Oslo. Polls are strong. The economy is softening. The floor crossings are working. What year two looks like. Online Child Exploitation +347% — Statistics Canada confirms a 347% increase in online child sexual exploitation incidents since 2014. Luring specifically increased 65% in the last year alone. Soldiers Frostbitten in Alaska — 30-60+ Canadian Armed Forces members suffered frostbite during Arctic training in Alaska. Several were hospitalized. The CAF tried to keep it quiet. Media Vetting Failure — A woman has appeared in multiple Canadian media pieces with questions now circulating about her identity. The bigger story: newsrooms aren't checking.Sponsors:easyDNShttps://easydns.comAnycast DNS, domain registration, web & email services — fast, reliable, privacy-focused.Pay with Bitcoin.Use coupon code CBPMEDIA for 50% off your first purchase.Bull Bitcoinhttps://mission.bullbitcoin.com/cbpThe CBP recommends Bull Bitcoin for buying Bitcoin simply and securely.Use the link above for 25% off fees for life.256Heathttps://256heat.com/Heat your home, garage, or office while earning more Bitcoin than it costs to run.Book a call with a hashrate heating consultant today.Bitcoin Mentorhttps://btcmentor.io/aff/90/Get hands on, white glove support with your Bitcoin storage and planning. Whether you need help with multi-sig or multi-generational storage, Bitcoin Mentor has you covered.
