The Bitcoin Group, the American original, for over the last ten seconds, the sharpest citossis, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Tavi Barker from shiny badges and Bitcoin not bombs. How's it going? Derek J. Freeman from Bitcoin Talk Show. Hey y'all. Chris J. from feathercoin. Hello. Christoph Atlas from world crypto network. Good to be here. Megan Lawrence from Bitcoin not bombs. Thanks for having me. Paige Peterson from San Francisco Bitcoin. Good afternoon. Will Penguin from Bitcoin, Milwaukee. Hey everybody. And I'm Thomas Hunt from mad bitcoins. We're on to issue one. Walmart sues Visa. The enemy of my enemy is my friend. Maybe the enemy of my enemy is my enemy. But for the time being, Walmart could be Bitcoin's best friend. They already offer prepaid Visa cards. Why not prepaid Bitcoin cards? And they're clearly tired of paying Visa's exorbitant swipe fees. Will Walmart be the first major chain to accept Bitcoin in their stores? D'Avi Barker. You know, I read this article and maybe I missed it. But I was confused as to whether they were suing them just because they thought they were price gouging or if they were suing them because Visa actually overcharged and owed them a whole lot of money. But fundamentally, I think the thing that makes this story interesting is that it's sort of a mockery. It makes a mockery of legacy systems. Like imagine if the headline were Walmart sues Bitcoin, what could happen, right? Derek J. I think Walmart could do it. They could train their employees to accept Bitcoin directly and it would be a major shift in retailers accepting Bitcoin and cutting out those fees from major credit cards. Chris J. Do they even have Walmart in England? Nope. But we know all about it. Like Tesco's and other pilot high sell-it cheap like stores. I have no idea that Walmart had such tight operating margins that they would even notice a small percentage fee. So maybe something else is going on. I can see how this might be an issue for small businesses. I didn't quite realize how this would impact on a large. But I would say that I'm sensing an element of greed here. They're just wanting more of a slice of the cake against a middleman that they're thinking it's hard for them to justify their position anymore. That's what I'm thinking. I don't think it's realistic that a high street chain like Walmart would have adopted Bitcoin anytime soon though. You know what they say on Wall Street? Greed is good. Christoph Atlas. Yeah. Whenever you see one corporation suing another for antitrust or whatever, it sounds a lot like the park calling the kettle black. But yeah, why wouldn't they switch to something like Bitcoin to cut down on those fees? I know that even though these major retailers have had relationships with Visa and Mastercard for a long time, it's mostly a resentful relationship. They don't really appreciate having that profit margin cutting out and cutting out of their operations. So I think that would be a win for them. Of course, there's such a large corporation that they may not have the nimbleness to take such drastic or new measures in terms of the business decisions that they're making. They can pile it in a smaller country. Walmart is all over the flip in the world. So maybe they could do it South America or something like that before they try to bring it to the United States. Megan Lord. So this is interesting because GIF just announced that they're going to be allowing Bitcoin gift cards for Walmart. But this highlights something that's even more major and something that I always try to tell people our business owners when I'm trying to get them started on Bitcoin is the fees or solo. Why would anyone pay these ridiculous credit card fees as a merchant? It hurts your profit margins and it hurts the businesses. So Bitcoin is better for merchants and it's better for people who are wanting to patrize those businesses. So this highlights a key part of why Bitcoin is superior to all of these credit card companies. So I think it's a good first step. I do think it is kind of the pop calling the kettle black, but it's going to highlight this issue of credit card companies for your average person. So I think that's a good thing. Page Peterson. Yeah. In general, I think it's good that these dinosaurs are kind of fighting each other to show how ridiculous it all is. But I do know that Walmart is kind of trying to become less archaic and try to reach out into the digital age. Like they have an online retail store and stuff like that. So I think that if they were to start accepting Bitcoin, they should definitely start on their online store because obviously Bitcoin is best for the internet. And then that would definitely be a great starting point. And then maybe after that, start accepting it in their stores. Yeah. And also with the gift cards, I'm not sure of just because gift did announce that they're going to be accepting payment for Walmart cards. So I mean, it might be good competition for them who knows. So I'd say go for them. Sorry. Will, Penguin. Yeah. So I know Walmart in the past has gotten a bad rap deservedly so for their own questionable antitrust strategies and stuff. But if we're envisioning or talking about free market behavior here, the lawsuit was a class action lawsuit and they pulled out of it along with Amazon and Target to seek damages on their own, which weakens essentially the class action lawsuit. But perhaps goes after Visa in a much more aggressive way by piling on more individual lawsuits of these corporations against Visa. And the lawsuits are for excessive fees charged by Visa in general. So the fact that merchants have to pay on small transactions a really high percentage of a fee and on decent or moderate to large size transactions, it's anywhere from 2.5% to 5%. So that's egregious. And what Walmart does, I mean, this is par for the course. They don't, they lower prices for the consumer, which is great, right? That's all good and all that. They've gone about it in a myriad of questionable ways, but in some very legitimate ways, I think this is one of those legitimate ways. Another legitimate way is to try to work with your producers to lower your costs with them. And I know they've strong armed producers in the past, which is bad. But this is again just another cost of theirs. They're trying to clean up, to tidy up, tighten up. And I think while having Walmart on your side in this class action lawsuit, I know they're not a part of it anymore, but it's huge. It's like having Goliath on your team, on all, like a bunch of David's and Goliath, you just traded for Goliath on your team or something like that. It's great. So I think it's awesome. Critical feed needs to go the way of the Dodo bird, Bitcoin is forcing the issue as far as Walmart accepting Bitcoin. Yeah, I don't see it anytime soon. It'd be great if they could learn the lesson from Overstock. But I think this is a good thing that Walmart is suing Visa, that anyone is suing Visa for their high fees is a good thing. It's incredibly strange bedfellows, but we'll take what we can get, right? Exit question, if not Walmart, who's next? Name the next brick and mortar retailer to accept Bitcoin and why? Dovey Barker. You know, when I think about big box stores that are in the lead technologically, I think of fries electronics. And I think that it would be pretty huge if you saw a big company like fries electronics or maybe Radio Shack, a dot Bitcoin, and be at the front of the, the front of the hurdle on that one. Don't put fries next to Radio Shack. Yeah, I think a tech brick and mortar would make sense because they're already serving the Bitcoin market anyway. Places like Best Buy and Radio Shack is Dovey mentioned. Then again, it could be a restaurant or a convenience store or a market that serves all demographics. You know, any business with tight margins like Chris mentioned Walmart, they'll look to Bitcoin as an alternative to the steep credit card transaction fees. And it's not just about the fees that's going to drive him this way, probably security as well with after target lost tens of millions of private consumer data. So stores are going to look for alternatives and that means Bitcoin. Chris, Jay. Well, most of the shops in the UK now are just phone shops. You've got a few bargain basement, you know, those places where you just spend a dollar on everything. So we don't actually have a whole lot of retail sector left in the UK, but I think a real shoe in for this would be a large hotel sort of chain because if you think about a Bitcoin kind of makes sense for vacationing. And I think, yeah, if you've got a global currency, I think this makes a lot of sense for anyone working in the travel industry. So that would be much better than travelers checks and they have locations all over. So it would be a good move. Chris Dough, Atlas. I don't have a particular business in mind, but what I can say is that it's going to be a business that is relatively new, something that's come out in the last few years. A really important consideration with accepting Bitcoin in your store is these point of sales systems. And in my professional life, I've looked at some of these point of sales systems both in terms of what's going on in the actual machines in the store and the back end. A lot of them are incredibly old and architic and they're not going to integrate Bitcoin anytime soon. So the newer businesses are ones that are going to have more modern software just because they've bought it more recently. So it's going to be something like that unless there is a new kind of payment processor that comes in that allows you to like integrate with a swipe technology that come out with a Bitcoin card that you can swipe that's going to work with the existing machines, something along those slides. But we're not going to see, Walmart can't do what's Tiger Direct is able to do in terms of integrating Bitcoin directly into their back end. It's just a totally different ball game. And so that's going to be one of the limitations moving forward. I agree, Christoph. The point of sale system is a major issue, but that's why Bitcoin adopters have said for a while. If you see a restaurant that has iPads as menus already, those are the people you need to target to accept Bitcoin because it's right there. All the F2s turn it on. Megan, Lord's. So the other organizations in the class action lawsuit that Walmart left were targeting Amazon. And I think it's realistic to see someone like Target taking Bitcoin because Walmart is one of their main competitors. And they want to be seen as newer and kind of engaging newer technology and younger generations and things like that. And I think if Walmart jumps on board with it, you definitely see someone like Target coming in. Again, I really want to see more smaller local businesses, like independently owned businesses taking Bitcoin. But as far as big box stores, I think that if Walmart jumps on board or if they express interest, I think Target's going to be looking at it too. Page Peterson. Yeah. So as far as big box stores, I agree with Derek in that. I think Best Buy is a really good, has an opportunity, especially because they have those vending machines in airports where you can buy actual things. So it would be good to implement it maybe in the vending machines first as a test to see if people use it and then go forward and start accepting it online and then also then in their retail store. That's a good idea, Page. Those vending machines where you can buy iPods and phones and headphones, all kinds of stuff would be perfect for Bitcoin. Will Pangman. Yeah, I really like Page's idea. There's a couple I can think of. One I recently heard, the marketing person, the marketing officer from Tiger Direct say that, you know, I guess they have retail stores for Tiger Direct in Canada and I presume they'll be rolling that out up there in those retail stores which would be great. I think another very two well run companies that are well liked by their employees, their suppliers and all this stuff, their publics which is a grocery store chain in the South, mostly in Florida and then also Costco. Both have the leadership ideologies that I think would align somewhat closely with Bitcoin, a lot of the overstock CEO and I think those two would be great. They both are working on keeping costs down for their customers as well and I know publics doesn't take Visa or Mastercard, only cash, debit and American Express which is interesting. That's a great point well and Costco has a similar situation where they only take cash, debit or AMEX. So it'd be great to have a third option there. They're also a very liberal company. I've heard they pay their employees pretty well and are union. So issue two, square accepts Bitcoin. What goofy thing you put on top of your smartphone isn't so goofy anymore. Square announced that it will allow its customers to accept Bitcoin for their online stores, fingers crossed that it soon coming to their portable software as well. Online retailer Stripe has also added Bitcoin support. Are we on the verge of Bitcoin mass online adoption? Derek J. This is the closest news to total Bitcoin mass adoption that I've ever heard. So it's very exciting. Thousands of retailers discovered overnight that they could accept Bitcoin at no extra effort or cost. I mean, it's only a matter of time before these merchants become Bitcoin users and the Bitcoin economy grows independently from there. So the next step is for merchants like overstock.com and these new merchants with square to source their inventory in Bitcoin, that's really going to be the next level. Chris J. Yeah, I deco all of that. I think this sends a really powerful signal in the market for other bigger players. But more importantly, it also helps to facilitate the pop-up shop. In the UK, we have this kind of phenomena where people just set up a shop just spontaneously to sell whatever they happen to have in. I've seen a few of them with the scrap. So good on Jack Dorsey for doing this. And I hope that the other retailers will take this as a good, powerful signal. Chris, do you have any ideas? I'm most excited about the idea that this could be the first step before square tries to get that integrated into their mobile payments because that's a really decentralized way of operating businesses and they're all over the place I've been seeing them for a long time. Of course, the challenge there is the app market stores, right? So it's going to be, if they do that, it'll be on Android really easily. But what about the iPhone, the iOS devices? I think that the Apple might have something to say about integrating Bitcoin into the square app for their store. So that could be a disappointment. On the other hand, maybe Square is such a powerful player in the iOS app store. Maybe they have the ear of Apple to the point where they could actually persuade Apple to allow it. And they have a relationship with Apple that blockchain.info doesn't have. So I think it's a very exciting possibility. That would be great, Christoph. Square could be our champion and fight Apple and maybe get something back for us. Megan, Lord. That's what I'm most interested also is how this is going to work with Apple because it's so difficult now to get Apple users onboard with Bitcoin with all the things they've done to block it. So I really hope that this kind of wakes Apple up in a way and it's like, you know, Square has been around for a really long time. They're very reputable. So I hope that opens the door for them to be kind of more open-minded towards it. So yeah, this is great news and this obviously shows that so many companies are getting sick of, you know, the credit card companies and they've realized how awesome Bitcoin can be for their business. So we're definitely on the verge of mass adoption. Page, Peterson. Yeah, so this is really great for the opportunity so that people can easily accept Bitcoin for small merchants and pop-up shops and stuff like that. I think it's a great opening to have people just see Bitcoin as a general alternative for payments. I'm not sure that it's going to propel it in that the sense where people are using it more than these are a mastercard, but I think it's just a great way to sort of, you know, show people that it's out there and it's being accepted by a bunch of different kinds of people and like the people actually turning the option on and actually accepting it is another metric that we'll see if they'll actually just implement it or just say, I don't really want to do it. Will, Penguin. Yeah, I think this is great. I think by the end of the year, I know if we wait for predictions till the end of the show, but I really think by the end of the year we'll see lots of these kinds of online payment gateways, payment service providers accepting Bitcoin, one right after the other and I think it was kind of what we'll see is a waterfall that really started with Overstock pretty much and it's coming. It's coming throughout the next like eight months or so I would say. I'm really excited to see people start using it. You know this community is going to start using this feature because they already use those companies so much. It's also really good stripe for contractors and freelancers getting paid online who now will probably be requesting more from the jobs they're getting that they be paid in Bitcoin and oh yeah, you can pay me that through stripe and stuff. So it's good. We'll see a lot of this going on by the end of the year right now maybe just a murmur but yeah, it's exciting. I want to put forward a scenario where I believe that this could not only promote adoption but actually replacement of the dollar because if you look at the square, I mean it's usually used in places like farmers markets or individuals, sole proprietors who need a very dense infrastructure because they don't have a brick and mortar store right. Now if it happens that the square which is this piece of electronics that plugs into your phone is used for scanning credit cards but the square app produces a QR code similar to the apps that we're all familiar with. Well it's going to happen that those merchants put out the Bitcoin accepted here sticker because why not why turn away business. And I don't know if you guys have ever had like Bluetooth hands free ear pieces or anything like that but it's very easy to misplace these bizarre little attachments to our electronic devices which means from time to time someone in a farmer's market is going to go, oh man I forgot my square but I can still use the app and suddenly for that day they're a Bitcoin only establishment and when that happens they're going to realize how superior it is, how much more efficient it is, how much less the fees are and they're going to begin to want to transition off of the dollar. Exit question which online retailer will accept next and do we even care is it special anymore or they miss the boat Derek J? Yeah I'd like to see Walmart start accepting it online and test it out there before training all of their thousands of employees to start accepting Bitcoin payments directly. I mean do we get excited about this news anymore? I do but I think most Bitcoin are stopped being surprised months ago and people like us are waiting for retailers to make a real splash by accepting Bitcoin directly. No one has missed the boat yet. Any company that chooses today to accept Bitcoin will be inviting a whole host of news articles to give them free publicity. Chris J? I think only it'll only become exciting when it reaches the next order of magnitude like an Amazon or something. I think is it kind of trickles around the same strata of merchant I think we're just going to kind of get bored by. I would warn though that once it does get to those high levels I suspect that those companies are going to use it as a way of marketing because Bitcoin is a very popular searchable keyword on Google. It's all the hype and the rage at the moment and so I wonder if some of these merchants are just trying to piggyback off of the Bitcoin brand. I'm also a little bit concerned once you get those large merchants on board about how much Bitcoin they start holding as a speculative venture just like we saw Apple inflate the bond market in the US with all of its cash reserves which then created a bubble in that market as Max Kaiser noted why don't they just play that staff more. You might notice the same kind of thing with Bitcoin and of course what that's going to do if merchants do start holding their bitcoins is that starts inflating the price for everyone until of course they need to sell it off at which point it might cause some extra volatility. So with that caveat in place, I would say let's see Amazon take a get. Chris Stoff Atlas. I think that each online retailer that joins in into accepting Bitcoin, they're going to get a little bit less out of it each time. Part of the reason for that is because one of the motivations to do that is there's this Bitcoin community they're really excited about Bitcoin being used and so when you start accepting Bitcoin they're like oh yeah I want to support you great and they'll spend their money buying stuff but they can't just fill their house up with like mountains of crap from every possible store that except is Bitcoin right it's going to be diminishing returns that you get from that and what they're going to have to do is invest more in terms of bringing new people into Bitcoin rather than trying to ring that towel of the existing fan base of Bitcoin. Although if you bought Bitcoin early you could buy a huge mountain of crap. That's good. Yes we need to see more people in Bitcoin first before adding more retailers because I know I'm like all of a sudden I can't afford to buy more stuff as much as I'd like to see someone like New egg or Amazon taking Bitcoin. I mean you know a lot of this at least what I've noticed when the people I know at Bitcoin are kind of holding back right now so I would like to see more of a focus on growing the Bitcoin community but if it comes down to which online retailer I'd like to see someone like New egg and then Amazon I think would be the obvious choice for just reaching a wider variety of people. Page Peterson. Yeah so I definitely agree that Amazon would be the best choice if they were to be the next one but I'm also excited to see just new retailers pop up to accept Bitcoin only possibly or to use the stripe and square models so that it's easier for them to accept all different kinds. I'd be more excited about just like the marketplaces that open up because of this. Will Pangman. Netflix I think they've probably been one of the most disruptive companies or technologies since maybe BitTorrent in terms of the entertainment industry and it just kind of makes sense I mean they're cool on disrupting the studio model for production of things like quality programming. I'll you know the really only great places to watch quality programming anymore is you could put AMC in there they have plenty of great shows breaking bad God rested soul and whatnot but HBO and now Netflix is really just taking off all of their programming that's exclusive from from them is fantastic and they're disrupting the heck out of that model. Bitcoin would make sense for them other disruptive online companies too should should consider this like now I don't know why Uber and Lyft and others like that if you're disruptive and that's your goal is disruption because you see you see market demand your that are needs that are not being met this is a this is one of the best tools for your company. Netflix would be a great get will imagine people subscribing with a few Bitcoin in their account their account could be paid forever who knows. Yavi Barker. I missed the question. Sorry. What what retailer online should accept next. Oh I mean we're all of them. All of them very. There's no reason not to you know who would be big. I'd like to I'd still like to see a video game industry like double down on Bitcoin I'd like to see something like Blizzard or one of those. World of Warcraft does seem like an obvious choice it's virtual already maybe they have a world of Warcraft 2 something they could relaunch with anything with a market simulation in the game it's really a natural fit. Oh be good. Moving on issue three Mount Gocks allegedly misused client funds former employees of magic the gathering online exchange went on a rampage this weekend alleging that client funds were used not only to keep the exchange afloat but also to buy personal items from Mr. Carpellis including a robot a 3d printer and a souped up Honda Civic imported from Britain. Mount Gocks worst Bitcoin exchange or the worst Bitcoin exchange ever Chris J. My God I've spoken way too much about this loser that that's not the case of the worst Bitcoin exchange that's fraud I've only just heard about it when you sent through things I was so busy on other things I was reading the articles on it. I don't know what to say I've got nothing to say except for the fact that how on earth did he think he was going to get away with it for that long he must have been diluted there were stories about meetings where staff members were like trying to get him back in 2012 right so all that stuff about going up to April all that during the the DDoS all of that drama that happened he knew he didn't have enough money I mean how on earth he was able to get away with it for so long and for so many people that were around him who kind of had a strong suspicion for them to keep quiet for this long is quite staggering loss for words really. I love the little details in this story he's in Japan already but he imports a Honda from Britain why not why not you go to those Bitcoin why not. Kristoff atlas. I guess this goes to show that just because you are someone with a vision and the company that does not mean that you're going to do right by the the community that air serving as customers. Yeah this is a pretty silly Mark and Kelly's kind of looks like the three stuages and one person. You can only imagine how stressful it was to to work there you know constantly getting nasty emails from customers where the hell my funds you know always getting bad press and then happy to work for this kind of buffoon of a boss and just you know trying you just I can just imagine you want to shake him you know. So I imagine it was a stressful place to work and people are probably pretty damn relieved to that the the right is over for them at least. So much potential lost Megan Lord. Yeah I can't really be surprised by this of course he would buy all of these ridiculous things and I don't really see it as much different from the other ridiculous things that CEOs of other companies buy when they get really wealthy or these big bankers. Yeah it's a terrible exchange I think it mirrors you know a lot of kind of the legacy banking institutions too and in all these older banks and the extravagance that these bankers are living in at least in his case at least we hope no one got killed no you know the money wasn't longer to supply king drug king pins with weapons and things like that but he's obviously a terrible person and I don't think he feels any remorse for what he's done so yeah the worst Bitcoin exchange or he's just yeah it's just a terrible person but yeah I can't really be surprised by this. That's sad when the only nice thing you can say about him is he didn't get anyone killed page Peterson. Yeah and it's also great that they're not getting any bailouts or anything like other banks probably would. Yeah it's just a case of terrible business model that was the biggest like the biggest business that in Bitcoin for a long time so they were in the position of being able to take advantage of people and thankfully that's not going to happen again because there isn't going to be like the first exchange anymore people are going to be more aware of what they're getting into so you know again it's just it's a good learning experience for people that weren't aware of bad actors in the market but it's obviously very unfortunate that it hadn't effect on so many people but just bad business that's all it is. A very expensive lesson for a lot of people. Will Pangman. How ridiculous is this you know it's like he buys all these toys this I mean Honda Civic I don't care how souped up it is. I guess he's in Tokyo but what the heck is he drifting I mean what's missing from this loot is it a bouncy castle and a go kart track we're still yet to uncover I mean this is like Billy Madison before he meets Miss Vaughn you know I wish I could remember the entire speech that the moderator gives in that competition he has at the end of that movie but I'll just give to the end everyone in the Bitcoin community is now dumber for having allowed you to be a CEO and conducted business with you yeah wow. Absolutely dovey Barker. I'm tired of talking about Mt. Gox I think it's time everybody took their money out of Mt. Gox. We knew all of this like like when we talk about like the mysterious collapse of Mt. Gox we obviously knew that money was going to to fraudulent and elicit places places in the elementization otherwise it would have been solvent so I'm not surprised by this at all I think it's it's good that the truth is coming out but we shouldn't be surprised by it. Derek J worst Bitcoin exchange ever there will never be one so bad because no exchange will arise from outside the Bitcoin market. It's worth repeating that Mt. Gox was not originally designed to be a Bitcoin exchange and it may still be a roller coaster or ride ahead but I think we've seen the worst of the exchanges dumped for good. Exit question if you could misuse funds and not get caught what single ridiculous impractical luxury item would you buy? Chris J. I don't frappa latte and more black turtlenecks. Chris Doth atlas. I have two ideas. One is a mini series based on the life of Mark and Pelis. First series is going to be about him as the last samurai. Second one is Tokyo Drift and then the other thing that I'm going to do is I'm going to buy an island and a missile defense shield and we're going to call it Bitcoin Island and all of the big corners are going to move there and we're going to just fend off the state from outside. Our host wants to move there too. Man he really thought that one out. Megan Lorde. Megan Lorde. I would buy the ridiculous impractical government. The whole thing. The whole thing just. I could get that. You could get that in dick. I think there's many things that I would want. I think that's a toxic asset. Page Peterson. Well, I guess if I had to do it, I would probably buy one of those, like a really souped up motorcycle, like the ones that you find in. Oh man, I'm missing the name of the movie. Nevermind. It's really souped up motorcycle because I don't have one anymore and it would be fun to have. Will, Penguin. Teslas for all my employees. Teslas for everybody. Dovey Barker. You know, you guys have really caught me off guard with this one. I think I'm going to have to go back to my first childhood dream of a vehicle, which was the Teenage Mutant Ninja Turtle van. And it would have to be fully functioning. You would have to have the thing that opens in the back and the side door that pops up and the gattling gun on the top and it have to have internet everything and it would have to have an oven for pizza. And the only thing better than that I can think of is the Techina drone tubes, those drill front modules that go underground and lava would spur it up. Those would be cool too. So I think both the hero and villain vehicles of the old 1980s Ninja Turtles cartoon, that's what I would want. Here's a million dollar idea for anyone out there listening. Pizza food truck that's exactly what Dovey just described. Yes. For the record, I just read Ready Player One. So I was thinking maybe a mech warrior robosuit or Dovey just reminded me of the character's car. He had a delorean that also had parts of Ecto one and parts of Night Rider on it. So definitely anything from Ready Player One would be great for me. Moving on issue four, Bitcoin and sports. Geeks don't watch sports usually but that's all starting to change. With Bitcoin fight night this weekend, the Bitcoin debate that precedes it to be streamed live on worldcryptonenetwork.com, the Sacramento Kings and now the San Jose earthquakes, major league soccer team, all accepting Bitcoin. The world of sports is exploding with Bitcoin mania. But so far it's only been a team or two here and there. Which major sporting league will go all in and accept Bitcoin first? Chris J. Chris off Alice. What about the UFC, the ultimate fighting championship? They're kind of a new sport. They're trying to do stuff new. They'll be the first official league to take on the coin. Good answer outside the box. Megan Lordes. Okay so team sports was one of my least favorite things to do in school because I would always be the last person picked for the team and then those people made fun of me after the team sports section. So yeah, I don't know anything about sports. I don't really care who takes them but it'll be good. Page Peterson. Yeah, I guess I wasn't aware that like the national leagues have control over what gets accepted at payment for the sports teams. So I don't know if that's true or if it's possible for an actual league to be like everyone except Bitcoin. But yeah, I don't have an answer. I don't watch sports. Will Pangman. So I would really like to see my favorite sports team which is the only major sports franchise that's community owned the Green Bay Packers implement Bitcoin. They won't. I'm sure of that but that would be cool. What I would really like to see even more is a whole league with its bylaws and all of the CBA, the collective bargaining agreements and all of the things that go into sports politics on the league level today put on a blockchain and implemented with this cryptocurrency technology perhaps with an Ethereum or MasterCoin type of protocol and smart contracts for all the employees. Thank you, Kristoff. And all the players. You could choose to take government theodore Bitcoin as your salary and maybe that would be certain advantages for the players or even the guys, the boxers or the fighters and no men and women participate in UFC. So the fighters in UFC could maybe choose their payout in Bitcoin. I mean, the world poker championship, the world series of poker, maybe they could choose the cash or a Bitcoin payout and I bet a lot of those guys would take Bitcoin as the option. But it's endlessly, the possibilities are endless but I think it'd be really attractive. You have things like the NFL which are a behemoth and in the 70s something called the USFL tried to compete. It was started by Donald Trump among other people and it failed miserably. But if it could avoid some of the antitrust violating protectionism that they encountered that is the USFL, the NFL had antitrust protection forcing the USFL to fold the essentially unfair competition. But anyway, they could compete with a community sourced model such as cryptocurrency overlaid on the top. So that would be really fascinating to me. I think players would prefer that system and try to play in that league as opposed to the existing lead structures which are really predatory if you look at them especially the NFL. So yeah, that would be cool. That's a great idea. Well, I was just hoping that the NFL would accept Bitcoin. I hadn't even started to imagine NFL coin and that they could just wrap everything up. I mean, talk about control. Be fantastic. Davy Barker. I think part of the power of Bitcoin is to see emerging new systems and emerging new product projects as a result of crowdfunding. So when I think about what league will be next, I imagine it will be a league that does not currently exist, but one which would succeed as a result of crowdfunding. And when I think about the kind of gladiatorial sports that were succeed as a result of crowdfunding, I think about robot wars. Do you remember this show? I actually competed in one of these ones and you had these teams of people that would custom make these robots, remote control robots. And then they would clash them against each other and there were cutters and spinners and flippers and crushers. And those were crowdfunded projects. So I think with the success of crowdfunding in Bitcoin, a new robot wars league will probably be the first professional sports league to accept Bitcoin. I'm right there with you, Davy. I love robot wars. I even attended live ones. I thought for men here were going to say quidditch though. Derek and Tade. Robot wars makes a lot of sense. I also think major league baseball might give us a curveball and provide a little injection to America's favorite pastime, which seems to be waning in popularity. But also, I think it might not even be in the US. We might more, I would predict soccer in a place like Europe would accept Bitcoin before any major sports team in the US. Chris J. Soccer or football? I was going to say that. He stole it. OK. What about chess boxing? I think all good civilizations start with thinkers and warriors. So I think that would be very fitting for Bitcoin. It's both robust and smart at the same time. Can I talk a little bit about our show tomorrow? I'm trying to picture the chess boxing where they have to play with the gloves on. Yeah, I don't exactly know how it works. I've only ever heard about it. But yeah, apparently they've bought for a bit and they're more. All right. But yeah, tell us about Bitcoin fight night this weekend. That is a RO. Yeah. So I'm trying to organize on Twitter at the moment. Can you see my screen? I'm trying to organize a flash mob at the O2 tomorrow at the Indigo. This has already got 19 retweets. Quite a few favorites. Let's fill this place up with Bitcoin as tomorrow at 3 p.m. You can go to the Meetup page. And luckily we've had Richard Muahead, who's the managing partner of Firestarter. In the UK, he's stepped in. And basically Tom, he's going to be paying for the livestream on the World Crypto Network pretty much. He's stepped in at the last minute because we weren't sure how we were going to do it. It's all been a bit of a mad rush. I'd also like to give a big shout out to Mike Raft, who you featured in your little clip there. He's the martial artist and actor who went on to the Kaiser reports, take on Max Kaiser, dressed up as Jamie Diamond. And very, very brave man. He actually wasn't just acting either. He genuinely meant a lot of what he said in that show. It was a very good performance by him. And also to like, you know, Matt and Patrick, who like I said, sort of came up to me in a bar, just said, look, we've had this crazy idea. We've just hide out the O2 and then all of the community has just come around them, you know, Cecil and Paul from Coin Scrum, which is now the largest Bitcoin Meetup group in the world. Actually, we've got like 1700 members. Yeah, it's absolutely, it's absolutely huge. And I'm really looking forward to it. And Max has been brilliant as well. If you ever get the pleasure of working with Max Kaiser, I know he's quite a polarizing figure, but he's spent so much time with us. He didn't have to. He's not getting paid for it. We sat down with him in the hotel in Hoxton, you know, in the lobby. And we just sat down. He gave us way more time than I even think that he had. He was coming up with some great ideas for what we would do on the show and everything. So this is a real kind of community effort, I think. This is like, you know, because Matt's only a taxi driver, the guy that sat, sat, sat this. He's not a big tycoon. It's a lot of money for him to put into this. So we're looking forward to putting on a good show tomorrow and doing also doing the world crypto networks and some good coverage as well, hopefully. Absolutely. And if you'd like to tune in tomorrow morning at 7 a.m. on the West Coast, that's 10 o'clock in the east. It's actually evening in England. You can watch us on the world cryptonetwork.com. We're going to be having a Bitcoin debate and I did do some very good acting. I disliked him very much as Jamie Dynan. Actually, can I just once say one thing, actually, if we do the moment, 231 people have signed up, okay? This will be, I think, if every one of those turns up, it will be the second largest Bitcoin meetup we've ever had in the UK. If all of those then attends the box kickboxing later, because that's just for the panel debate first at 3 o'clock and all the kickboxing fans turn up as well, that will be the largest Bitcoin meetup I think in the world of all time. So make your way down to the O2. It's free to get in at 3 o'clock into the Indigo. You don't have to pay. We've got limited seats available at 15 pounds each. If you do want to stay for the kickboxing, that will be a ticket to the event. But come down anyway and just enjoy the panel discussion, even if you just want to learn new things about Bitcoin. I think somebody is going to Kulio from the trollbox is going to be giving away some Bitcoins and Litecoins on paper wallets. So it's definitely worth coming down. Very cool. Kulio. Again, if you're in London, you should go to this. This is a historic event and you can be a part of it. Tomorrow. Moving on to questions and answers. What fee will square charge for accepting Bitcoin? The same 2.75%. I believe that is correct. The other Bitcoin businesses usually charge around 1%. But I know that Square had up their fees, you know, their early adopter. They want to make a little money. Probably all right. Let's see. What else we got? Maybe something like Square could process those transactions of the cash register. They cost about $20 for an iPhone adapter. Probably not more to update registers. So another person agreeing that we'd love to see Square expand into cash registers and more businesses. Michelle Seven writes, has anyone seen the very serious Chris J. smile in the last few days? I'm not concerned. Maybe we can get a nice smile out of Chris J. Now more of a smirk. We'll keep working on that, Michelle. Hey, hang on. Can I just... What? What's happened to me? We want to smile more. I've been working very, very hard. I'm a bit stressed. But once this weekend is over, I'll be out of smile again. Just one more day and then kick off. Crypto Coin user says, Walmart is barely making any profits. So they're desperate to claw back even 0.1%. We should all feel bad for Walmart and they're lack of profits. Let's see. That's got a question. Oh, a guy would like to make a Bitcoin community with fund a healing album through Bitcoin entirely for a cancer charity and could be done with his friend and producer of Peter Gabriel. So that sounds interesting. I'd like to see that. Definitely, and remember with Bitcoin, it's pretty easy to crowdfund. You just put a wallet out there, put a link to the wallet through blockchain.info with a blockchain explorer and everyone can monitor how much funds you're getting if people are donating a lot or a little. It's all right there at blockchain.info. So I definitely check it out. Red Herring says that the pirate party would get his vote. So maybe he would donate a great amount of Bitcoin to the pirate party if he had it. And I think we all might. Pirate party is pretty cool. SilverMider also says that Rick Falkvinds, founder of the pirate parties, discussing how Bitcoin can double the profit margins of large corporations. Sounds like a good video. Check it out on YouTube. Let's see. Guys, guys. Email in here. Is anyone familiar with the BitSat project? Is that where one of the Bitcoin developers is trying to get a Bitcoin node in space? Generally in favor of that? Can I agree? All right. We're starting to run out of questions. And that means it's time for everyone's favorite part of the show, predictions. The part where you get to predict the future. Or give us a story of the week or a final thought. Are you ready? Dovey Barker pouring water. My prediction is that the IRS is going to see very low compliance on their recent guidelines for taxing Bitcoin. Derek J. That's final thought. Watch Bitcoin fake night. Tomorrow, April 5th, 3pm London time. New and Eastern. Tweet and follow along. At Bitcoin Fate. On Twitter. Chris J. So I'd like to draw people's attention to this guy. At Bitcoin Joker. I've been engaging with him. He's a famous troll of Bitcoin. And he recently sent me an email to say that, regrettably, he would, he'd, he'd, he'd enjoyed our exchanges on Twitter. We often did have very long, quite heated, although civilized for the most part debates about Bitcoin. He has now left Twitter because somebody uncovered him, somebody doxed him. They found out who he was and was starting to reveal that information. And he wrote a very kind of heartfelt email saying, look, all I was trying to do was raise awareness because I, he felt that people like us were bullying members of the public into buying an asset that was very, very risky. Now I would read out this tweet because this one's really what got me. Bitcoin is really about young intelligent, overqualified debt slaves finding false hope in a sea of minimum wage jobs. And I have to say there were a number of these. A lot of it, a lot of it was just out and out 100% trolling, like for sure. But every now and again, he would say something that would just kind of like drive me a little bit. Like I would just kind of think, hmm, okay, that's a little bit, that's a little bit close for comfort, right? And so all I would say is we do need to, even though we can't stand it, everyone deserves the rights freedom of speech, even if we really, really, really, really disagree with them. And even if we don't want to have to hear it, because every now and again, he would say something that I felt needed, that we needed to address. So we are going to be featuring some questions, Finn tomorrow on the panel debate, albeit controversially just because I do think that, you know, all of those areas do need to be covered, even if we don't want to hear it. It's quite a good tweet. It reminds me a little of the story of Pandora's Box. When they open the box and they let all the bad things out, then they quickly closed it. They trapped hope inside. All right. Atlas. I'm expecting a really fantastic debate tomorrow. I'm really excited for that. I'm expecting there to be really stimulating conversation from both sides of the Bitcoin debates, looking forward to talking, innovating with some bank-friendly members of the public. And I think it'll be really fun to watch. I'm looking forward to Max Kaiser strapping on that spandex for a full force wrestling match, Megan Lorde. I have an announcement to make. I will be interviewing Christophe Atlas of the Bitcoin Group on Sunday. We'll be talking about wallet security and whatever else happens to come up. At seven o'clock Eastern Standard Time. So please come check that out if you're a fan of the Bitcoin Group and of Christophe's work. So it should be really interested and really excited. Page Peterson. So I'm going to make a prediction that the next big thing for merchants online and offline merchants to start doing is going towards methods to accept all different kinds of altcoins, not just Bitcoin. That's going to be the next. This is what, look at me. I'm trying to get attention and get new customers. So I'm going to accept altcoins as well. I can only hope that let me pay with combinations of currencies so I can make it as confusing as possible when I check out. Will, Penguin. Yeah, I don't know. I had a couple ideas of what to share, but I guess the first thing at the top of my mind right now is for all of us who are very enthusiastic and idealized. It's logical about Bitcoin to, you know, who have a voice that's everyone on this panel that's many of the people watching this who will watch it down the road to just take note of the audience whenever you're sharing Bitcoin with a group or another person, take note of them and be empathetic to their position and why they may have some of the confusions or poor ideas about Bitcoin. Make sure that you are coming from a place that's inclusive and that Bitcoin is for everyone regardless of ideology, affiliation, background and all that. I think that's really important as we get to the tipping point here for mass adoption we're close and we talk a lot about Square and Stripe and lots of different things. Sports teams bringing it into the mainstream and so many things are bringing this into the mainstream. There's still a lot of resistance out there from folks who grew up with a rather a keen zian view of economics or folks who come from, you know, let's say the left leaning background who aren't maybe as forward thinking on technology, more lewd lefties if you will or just whoever they may be inexperienced with an under formed understanding of Bitcoin to keep and check your ideological strengths or biases or whatever you want to call it and consider that you'll be inviting of these people because they will come back to you and they will want to be involved and they may still have their ideology intact and that's okay. The most important thing is that they use this tool because it really will accomplish even some of their goals with that ideology and to help them see that. So please keep that in consideration everyone out there. The only thing better than a cryptographically proven exchange is a decentralized exchange and they'll be coming soon but they won't include fiat, crypto to crypto only for now. Also if anyone's looking for a good book to read check out Ready Player One. It's fantastic. 80s culture video game references excellent book. We're out of time. Until next time. Bye. Bye. Bye.