The Bitcoin Group, the American original, is filmed. I gotta take that out of the script. The Bitcoin Group, the American original. For over the last ten seconds, the sharpest centoses, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Davy Barker from ShiniBadges.com. Megan Lawrence from Bitcoin, not Bombs. Chris Ellis from Feathercoin. Hello. Derek J. Freeman from Peace News now. Hey, what's up? Chris Dough Atlas from Anonymous Bitcoin book. I'd like to join everyone. And I'm Thomas Hunt from Mad Bitcoin. Issue one, Coin Summit. The latest and greatest Bitcoin conference was Coin Summit London. London, costing around $1,000 a seat, but featuring a free live stream. Everybody who's anybody in Bitcoin and business was there while they discussed the future of our virtual currency. What were your thoughts of the conference? Davy Barker. We're going to meet first. I didn't go to the conference and I didn't go to the live stream and I couldn't afford the ticket and I don't live in London. So I don't have a whole lot of commentary on it. Except maybe to say that when a similar conference was in San Francisco, I couldn't go because I was priced out of the market. So I mean, I guess it's sad to see the ticket price of these things going up. But I also think that what that's going to do is create a market for a lower income more like convention as opposed to conference style event. So that's my take on it. Megan Lord. I thought it was really kind of them to open their event to us, pros out here who are struggling to get by so we can get a little peak of how they plan on taking over Bitcoin and making it nice and friendly for venture capitalists and all of these other rich people who are hit pretty hard by this recession and are struggling pretty bad. So yeah, no, I think all of these events that are increasing and ticket price are like the obvious had pricing a lot of people out of these conferences. And I mean, I'm not really interested in attending them. I don't really think that focusing on how we can make money off of Bitcoin or how we need more venture capitalists or whatever is what I'm really interested in at all. And I think that there will be a lot more conferences that will be coming out that will be affordable and accessible to people because if we want people to take Bitcoin and we want people to get involved in this technology, we have to make it affordable for people who need it the most really. And I think you're going to see that as a reaction to these overpriced conferences that have a very elitist feel to them. Even the article describing it, the way the conference is selling itself is it's this event for serious players in Bitcoin. As if anyone who's not in the special club is just kind of fucking around. So I think you're going to see other Bitcoiners who don't want to go in this pro regulation, pro big business direction, forming their own events and bringing it to the people who need it the most. And I look forward to participating in those. Chris Ellis. So yeah, obviously I've said a lot about it already, but I so I won't say too much more because you can see the shows that we did and obviously I covered it very well. My friends to seal who had to volunteer, she had to enslave herself in order to be able to get in for two days. Said earlier on, there has been a consistent commentator at the coin summit who has had more air time than even Bitcoin himself. And that's Mr. Chris Ellis. And yeah, it's true. I completely trolled them on their big screen. They had a big screen above where the speakers were which had the coin summit hashtag mistake, very, very big mistake. So yeah, I was kind of, you know, given them a hard time when they deserved it, but also we should give them credit for opening up the live stream. It was very, very professional, but then again, you'd want it to be for $1,000 a ticket. And I thought that it was a bit like Tom said this earlier, build a burgl with a window. He basically got an insight into what they were doing. The thing is though, what I am worried about is that essentially what these kinds of events do is they give an exit for the banks. So the individuals that have committed fraud over the years now get to duck out of their jobs in the banking sector and then get to set up new identities, new corporate identities under the guise of being Bitcoin and revolutionary. One of my friends who shall remain nameless was at one of the events that I co-organized, but I refused to go to last and I'm like the coin scrum event. I didn't want to go. I objected to it, pulls like you want to come and talk. And I was like, no, I kind of don't, like even though it doesn't cost me anything. And so my friends told me that apparently you have to respect their wallets. You've got to pay respect to their wallets. And we were asked why aren't you like you've really got to suck up to them? And they didn't like the fact that my friend was going off and he was making a video with his friends just the way we do. And they were like, why aren't you smoothing? Why aren't you sucking up to the money? And it's like how the fuck do you respect somebody's wallet? Why don't you even kind of bullshit phrases that? And these people are so weak that they need to create this kind of veil of pompous and like self importance. And you really don't need them. You shouldn't be giving them that power over you. You shouldn't be begging VCs for money. Some of those pitches that people were doing, like those startups were doing, well for a start, like some of them, there are already open source equivalents of what they're doing. Like that bit pacer can easily be disintermediated with coin punk, the XP terminal. Well, we've already disintermediated that. Feather coin because we've got an open source point of sale. So I really don't see the point and I'm just a little bit worried that you're just replacing one monster with another. You got to kiss the ring, Chris. You got to kiss the ring. Fuck that. Derek J. I'm in disagreement a little bit with Chris here. I agree kudos to the event for putting on a live stream and allowing everyone to be able to see it. There's a lot of value in that. Even the opportunity is given to his friend to volunteer. He called it an enslavement working for them. I know it's a bit tongue in cheek, but someone's got to talk to these VC people who do have all the money and it should be people who started off the event like Roger Verr. Talking to them about real world examples of how he's already using Bitcoin to pay for his plane ticket and his hotel room and he helps them see. I mean, they're going to put their money somewhere, aren't they? So why shouldn't people like Roger be talking to these VC people and treating them right? They are a certain group of people who exist in the world. Maybe we're not the right type of people to be talking to them. It sounds like we don't really belong at these conferences, but we're not high power money people. At least I'll speak for myself. You know, we're average shows and for the most part Bitcoin has been average shows, but it's going to grow if it's going to be successful. We're going to need to talk to these people. Thank goodness there's someone putting on an event for them and helping them see the value of Bitcoin. We're certainly not high value money people, but we do own our own Bitcoin ATM. Kristoff Atlas. Yeah, this type of event, this type of event is not particularly interesting to me, but of course we see the place of it. This is the space where the kind of the last generation of people who dominated finance are trying to figure out this new era of finance. And I'm already in the new era. I've already been completely sold on the idea and I'm in it mainly for philosophical reasons and not to make a quick buck. So it's just two different audiences that, you know, and there are two different components that at the world that with the way that it is right now, it has to be that we both have to exist in this kind of Bitcoin space together. I just would disagree with anyone and maybe the article did a little bit of this that we were referencing that would suggest that somehow these people are more important to the Bitcoin space, but somehow, you know, that they're necessary to bring Bitcoin to the rest of the world that we need. We desperately need their funds, we need their projects, we need their pocketbooks. And I'm not necessarily certain that the case, I'm more interested in the kind of bottom up growth rather than the top down growth. I'm sure that the top ground down growth can still be useful in promoting my particular circles, but it's not where my goals begin or end. Exit question, which conference are you looking forward to in the future? The Chicago conference, CryptoLina, the virtual Bitcoin conference, or the recently announced Bitcoin in Florida? Will Pangman just joining us now? Which conference are you looking forward to? I'm looking most forward to the one in Chicago. I've had a hand in organizing some of the events to take place there. You guys mentioned it already, but I'll do so now. There's a free Bitcoin beginners workshop that's open to the public on both mornings of that event in Chicago at the same venue. And you just need to click our event break link, which I can attach to the about section of this video. And please sign up if you're in the Midwest and you're thinking of coming to the Chicago event, there's reason to do so. I don't know if you guys also mentioned, but the price was reduced from, I think it was around $250 for the weekend. It was reduced down to $100 for the weekend. And if you possess a .edu email address, meaning you're a professor or a faculty member or a student at a university, please use that email to sign up for the event and you get an additional 50% off. So there are some events working on making these things more affordable, more accessible to the public. And certainly with a free event that's totally geared towards Bitcoin beginners. And we'll give people a chance to learn how to properly secure a wallet on a very basic level and learn about Bitcoin and actually get $10 worth of free Bitcoin from Coinbase. So they've been sponsoring this event. And along with the college cryptocurrency network. So there are some of these things going on out there. That's what I'm psyched about. It's very cool and an excellent contrast to the Coin Summit event. $100 and a free event in the mornings. Dovey Barker. I'm actually most excited about an event coming up in October in Atlanta, Georgia called Walker Stockercon, where I'll be presenting my zombie novel Survivor Max and speaking on the ethics panel. And although it is not technically a Bitcoin event, I will be there repping the Bitcoin not bombs outreach material. And so I'm sure there will be some people who are introduced to Bitcoin for the first time or whatever. But I guess in closing what I'll say is if you guys are in this goes not just for the people on the panel, but for anyone else who's ever been to these events as a speaker. If you're ever invited to these high ticket events as a speaker, don't do it for free. They clearly have money. They clearly have money to interest. If they're interested in you as a speaker, make them pay for it. So what kind of ethics will you be discussing, Dovey? Zombie ethics? Yeah, zombie ethics. The Walker Stockercon is in Chicago in Atlanta. I think there's another one in Florida. It's sort of a new thing. It's a zombie convention. And the audience of the zombie genre is particularly concerned with ethics. That's one of the things that draws people to zombies as a genre is the question of ethics in a lifeboat scenario, in a life or death, run for your life, save your neighbor or leave them behind sort of scenario. And as somebody who's personally interested in ethics, especially interested in the non-aggression principle or universally preferable behavior or things like that, I'm going to be going representing that perspective. Very cool. Megan Lorde. So I've been speaking with Jason King. And it looks like we will be organizing a conference in Disney in October. I don't have a whole lot of details yet. I can't give a whole lot out yet. But what we're trying to do is basically make the cost for the entire event as far as you attending, getting a hotel room, you know, under the just ticket price of a lot of these larger conferences. So we're trying to keep the price extremely low, keep it very open to people, and also expose it to a different audience at Disney. I think it'll be interesting. The first two days will kind of be a more conference type stuff. And then, you know, of course, we're trying to make this a really fun event too. And maybe have speakers that are lesser known. You know, we're not trying to, I don't know, we're necessarily trying to pack the schedule out with like a ton of people. But yeah, I'll be sharing more details as that kind of develops. And I think it's really going to be a sharp contrast to some of these other conferences we've seen. So, we're going to have a look at this chair. I'm muted. Still muted. Oh, there we go. I have to meet myself twice now. So we had a suggestion from Mark Warren, a bitty, delicious, who runs one of the very easy to use Bitcoin exchanges here in the UK. He's like fancy organizing a free coin slummit event. So we're going to do it like in a disused warehouse in East London is what he's suggesting. And then Max Kaiser kind of got on board straight away and he's like, yeah, you know, we can join it with this one. We're going to be doing on the 21st of August with banks of the future. Before that though, we do actually have one coming up that's already booked out quite well. London Meetup Group that co-organized here with Ian and also Paul Gordon, like to give a shout out to Paul. We have one of the largest Meetup groups in the world. It has like 1700 members. Like, that's just on this website. I think we've got a few hundred more and officially people who just kind of wander in without signing up. And this is the event that we've got coming up on the 21st on Monday and it's going to be featuring Max Kaiser, Stacy Herbert and Simon Dixon from Banks the Future. So that's what I'm going to be attending next. Derek, Jay. And Chicago definitely sounds very cool, but I won't be able to make it unfortunately. So the one I'm looking forward to most is CryptoLyna in Raleigh, North Carolina. It's happening August 15th and 16th. And the time just works out for me and it's in a lovely part of the country for that time of year. And I've never been. So I'm thrilled that there are so many Bitcoin conferences that I can just sort of just choose my travel vacation plans based on like, oh, what sort of Bitcoin events are happening in that area? Very cool. So I will be there. I don't know what it's special claim to fame is. They say it's for entrepreneurship. Cool enough for me. Very cool. Kristoff, Atlas. Yeah, I don't really have anything lined up at the moment, but I'll have to work on that pretty soon if anyone's interested in having me speak at their conference or anything. Be very happy to do that. I was quite pleased with the way that my presentation went in the DC conference. And of course, I think you have at least a partial recording of that up on the World Crypto Network in possibly another recording coming out soon. So if people are interested in that, they can check that out. Very cool. Moving on to issue two. Issue two Bitcoin domain name prices defied drop in virtual currencies value. The value of Bitcoin may be going down, but entrepreneurs are still snapping up Bitcoin related domain names at an alarming rate. Some 3,500 Bitcoin related domain names have been purchased since May 12, which we all know is the birth date of comedian George Carlin. What are your thoughts on the continued run on Bitcoin related domains? Megan Lords. Well, I think it shows that people are paying attention and that they see value in this technology. And that's really exciting to me. Despite all of this bad news that we were seeing for a while saying, oh, Bitcoin's dead or there's all these problems and things like that, I think it shows that people are really paying attention and they're willing to put a lot of money into these domain names because they think that there's a lot of potential. So I think it's very good news. Chris J. So, yeah, Bitcoin as SEO, Bitcoin as a brand, this is something that they mentioned a Garrett Klaumann at CoinDestit, the state of the Union at Coin Summit. And he basically said that, you know, if you've got the Bitcoin keyword on your website, you see a massive increase in hits. And I've spoken to a few journalists as well who told me the same, they're under pressure to write crypts over later to articles, which is because having the keyword in the article increases traffic to your website, which means that you can sell more advertising. So yeah, I'm not surprised this is happening. I'm sure there were a few people who last year bought up a few Bitcoin names, Bitcoin domain names and are probably caching out about now. Derek J. I think this is a little bit silly initially. I'm like, oh, come on, really? You're going to buy domain names and people are going to be looking up like, oh, Bitcoin domains, whatever. But this happened already with all sorts of fads, America online. And like people met in all these names. I guess it bodes well. It says that entrepreneurs who are thinking, I'm going to make money on these domain names. I mean, they've been doing this for decades. They know what they're doing. And so they see a pent up demand that's going to be coming for people to be learning about Bitcoin, to be going to Bitcoin related websites. And so what I thought was interesting also about this article is that it says that the prices defy drop in virtual currencies value. They totally miss the point that it's regardless of the price of Bitcoin. It's the technology that Bitcoin birthed into the world that's going to be important over the next decade. So that's just my thoughts on it. Kristoff Atlas. Yeah. When someone mentioned before about journalists trying to insert Bitcoin into their headlines as kind of keywords, it reminded me of this. The story they came up during the week about ISIS, the Islamic fundamentalist military group. I guess to the US government, they call them terrorists. But to me, it's like, well, they do pretty much what you do, but they're just on the other side. So what exactly does terrorists mean? So the article was talking about this guy, this reporter for skymail, skymail newsletter, whatever the hell it is, he supposedly found this blog out there on the internet. I tweeted the guy and I was like, how did you find this so quickly after it came out on this very esoteric blog that has gotten no attention up until this point? He's like, well, that's just my job. And it's like, okay, so you didn't just make the blog yourself. Did you write? I hope not. But the story was about how Bitcoin and Dark Wallet and Dark Coin are all going to help terrorists funding, which I think is pretty amusing. I talked a little bit about the show on my show earlier in the week. And so this is the other side of the coin, right, which is people have pretty varied expectations for Bitcoin. Some people are very excited about it so much so that they're willing to pay a million dollars for a Bitcoin domain name, even though the price is not necessarily going up consummate with those domain names. And then on the other side, you have these people that are probably creating fake blogs to try and discredit Bitcoin and Amir Taki and people like that who are actually trying to build up the Bitcoin from the bottom up. And so we're going to just see more and more divergence in this respect, Rynacy. Some people hugely valuing Bitcoin huge expectations for Bitcoin, what it's going to do for the world and the amount of money that will be made off of it. And then we'll just see the people that are panicking that are heavily invested in the old world systems who are going to try to disparage those expectations that are going to say, oh, yeah, Bitcoin's going down to under $10 by June, I think Professor Bitcoin's, you know, his prediction came to be not to pass. So we're just going to see more of that crap and it's, you know, they're going to go down with the ship as it's sinking. Will Pangman. Yeah, I, you know, have been churning through ideas for the past year and a half that I've been neck deep involved in Bitcoin. And a lot of these ideas are just naming ideas. And so of course, with, you know, certain domain name server, you know, services out there, I've been buying up different domain names and I have gotten some offers that have come in in the past two months or so. And I'm not, none of them are blow you away kind of offers and none of the domain names that I own are really worth anything. It's fun, right? And like this is probably what people went through, you know, and now a lot of these domain names are gobbled up by shlubs like me and plenty of other opportunistic folks who are even more shlub like. But so you've got to stack a domain name. You're just sitting on and you're like, man, am I going to renew these for $10, $12, $15 a year every year? I don't know. Some of them maybe not. Some of them maybe so. And hey, this is indicative of the value that people see long term in Bitcoin, whatever price people are willing to pay for some of these names. Some people come up with a great name for a business. Maybe it's involved in the space and they need that name and they will pay larger sums than are comfortable for them perhaps to get that name, to get that Twitter ID, to get all of these, you know, managing your online identity is a big part of, I hate this term, but I guess for conventions say I'll use it intellectual property, right? So this is something I believe in. You know, IP for me doesn't really exist, but the tenacious management of your identity online, whether it's a brand or your public persona or whatever, is incumbent on the individual or the business in a free market. So get after it and go get your names if you need it and pay the, pay the piper for it too. So it's cool. It's about the future value of Bitcoin, which is highly, you know, some people would say overheated, but I think it's whatever the market will bear. And this is what we're seeing from this article. So to Chris Stelves' point, I really dislike seeing attacks on some of these people who are colleagues who are just grassroots activists working hard, you know, out of their garages, their basements, their bedrooms, the things like that, they're making great products. And the disparaging comments are sickening, they're insulting, they have no place, they're not valid. And let's just be louder than the misinformation campaigns. You can also buy terrorists with cash, you know, often frequently used, you know, drugs, terrorism, all kinds of things with cash. So still muted, I think, too many mute buttons. I said that the CIA has done that more than a few times, so. You just put it on pallets from what I'm told, they have large pallets for just holding cash and you class to grab it down and you buy things by the paletteful. So most of us don't calculate in palletfuls, but it's apparently. Well, have you even, have you heard of how many pallets of dollar dollars have gone missing during the Iraq war? Like where did those end up? You know, it knew who's the ends to vote, those end up. And we didn't write down the serial numbers. I wonder. Dovey Barker, what about you in domain names? Well, so far the CIA hasn't lost a pallet of Bitcoin, but no. So I think this is a fad. So first off, the price of Bitcoin and the utility of Bitcoin as a payment system to a business are different things. So the fact that there would be a lot of businesses looking for Bitcoin-related websites or Bitcoin-related keywords has more to do with their perception of liquidity or volume of transactions in the system, not necessarily the price of the currency, right? And unless they're engaged in speculating, like that's what's interesting to speculators or financial institutions or things like that. But the thing that the reason I say that this is a fad is because the idea that companies have to have the word bit in their name or coin in their name is kind of a growing pain of the industry. Like, at some point we're going to get to the point where it's just ubiquitous, it's just commonplace, and you don't need to put the word Bitcoin in your URL or in your company name. Because, you know, other than the 99 cent store in the Dollar Tree, nobody puts the word dollar or cent in their URL, you know what I mean? So sure, it's great. It's common. That means adoption is happening, but once adoption, sort of more universal or ubiquitous adoption occurs, those URLs aren't going to be valuable. With the exception of Bitcoin-not-bombs, which will always be a valuable piece of digital real estate. Good point on the 99 cent store, Dali. I was actually thinking they should rebrand it, maybe just call it the 99. You know, spell it all out 99 below a 99, just like classy. You know what they, if they really want a marketing win, they need to change it to the 99 percent store. And then they just appeal to the restaurant, they appeal to the, they are sitting on a golden mine and they don't even know it. 99 percent store. Everybody shops there. Is it question? Any Bitcoin domains you've bought recently? Anyone's you regret? Megan Lords. No, I don't have any Bitcoin domain names, but I did purchase a domain name recently called People Doing Awesome Things.com that I will be building a show out up in some other things that I'm kind of working on. And I thought that was the steal. I was like, I was, the name just kind of came to me as I was making guacamole the other night. I was like, surely someone has that domain name, but they didn't, but no, I don't have any other bit related domain names. That's the way the domain names are for me too. It's like buying a book or putting an item on your to-do list. I will make a website for this domain, unless it expires in a year and then you're like, I didn't make a website for that domain. It must not be. I got it for two years. Oh, two years. So I'm forcing myself to do it. It's like, I read this book about filmmaking. It tells you to buy a big role of film and put it in your refrigerator. And that role of film would go bad in two years. So if you don't make a movie in two years, why did you waste your time for it? Why did you make a movie? You got film. So Chris Ellis, any domain name sitting around you? Got Bitcoin Donor.org. And it was actually quite, it was actually going to do it as well. I was going to go into charities and show them how to use Bitcoin, but then when I did a bit of research, I found out that they don't want it. And they actually, they would just want me to convert it into cash. This is, I bought this like over a year ago now. And I still want to do it as well. There is like a template website up there that I coded up with a friend of mine. And we were going to have people vote on the charity by sending Bitcoins to the address and the one that raised the most, I'd go in on camera and show it to them. So I think once Bitcoin gets more accepted, maybe that's something we can do here on World Crypto Network and actually get the charities on board first with the concept. And then just sort of run with the marketing off to that. Sounds good. Derek J. Got, let's talk dollar coin. And I got, no, I'm working with BitcoinTalkShow.com. That's the only one that I've got right now. And it's active. So I'm not just sitting on it. You can check it out. We've got new episodes every Wednesday. BitcoinTalkShow.com. Absolutely. Kristoff, any domain names sitting around over there? The most important one, of course, is dark news.tv, which I'm estimating to be worth approximately a million dollars right now. I'm open to offers, spits on that. I've also heard a rumor. I don't know what kind of bastard would have done this. But if here's that coinvalidation.net and various other coin validation related domain names are actually redirects to an article by Justice Ranvier calling out coin validation and encouraging people to boycott US-based businesses. I don't know what kind of complete miscreant would have done that. But it's really a shame. And I imagine that if coinvalidation wanted those domains, they'd have to pay quite a fine penny in order to get them back. How many pallets of Bitcoin should I have to pay to get that? Oh, it would be just... It would be at least 2.14 stacks. There's a lot of pay for wallets. I mean, you would have seen me one Bitcoin in each pay for wallet. That's still quite a lot of bitcoins. Will Pangman, any domain names? Yeah, I'm going to... Okay, let's put them on the auction block here. I've got coin ups. I've got coincommunity.me. I've got launchcoin.com. Thebitcoinspace.com. Put your bits in the Q&A right now. We'll put them up to sale. Oh, he disappeared. Did I get rid of him? Oh, no. His internet failed. He's got spottyinternet.com. They don't need one, remember those? We should do a lot of purchasing right now. And probably we'll be back in a couple minutes. Oh, is he back? We're waiting. Got the next story ready. Chris, I like your idea. I've already registered as a trademark Satoshi URL, a square, and you actually owe me a royalty is now for mentioning it on there. He's quick, Will. You got any more domain names before your connection kicks out again? I've got coinio, which sounds a little bit too much like Coneo, which is slang in most Latin American dialects, the Spanish for asshole. So we won't be probably finding many suitors for that. Who knows? And then one more. Oh, coin chic, which is a good one. If anybody's interested in the Middle East and wants one of those, so. These are standing by. Moving on, issue three. Judge shoots down Bitcoin isn't money argument in the Silk Road case. In a sternly worded and hardly impartial letter, Judge Catherine Forrest, perhaps named after that famous Civil War general MKKK founding member, Nathan Bedford Forrest, or maybe Forrest Gump, the judge seems to have already made up her mind that Mr. Olbrecht is some kind of godfather running an online mafia. The judge also rejected the argument argument used successfully by Craigslist in Dart versus Craigslist, that the Silk Road was a common carrier, like the phone company, like Craigslist, and that the actual criminals were the people buying and selling illegal items using Craigslist, using the phone company, using the Silk Road. Is the judge right? Chris Ellis. Well, I think you're slightly misrepresenting her just to touch there. But you are right, he's definitely not going to get a fair trial. I think it's clear that she's already made her sentiment clear. So just to quote something that she actually says, it's not at all like the case against Craigslist. What she's claiming is, Olbrecht's alleged conduct is more akin to a builder who designs a house complete with secret entrances and exits, especially design traps, the stash drugs and money. This is not an ordinary dwelling, but a drug dealers dream house. So what the prosecution are alleging is not what came up originally in the case that you're citing. And in any case, that wasn't what his lawyer was going for. His lawyer was going for a weird kind of law which has to do with people that own property on which drug taking and drug selling takes place. But she was just dismissing that out of hand. Derek J. The judge is right about Bitcoin. It is money and it's a shame that she seems to already have made up her mind about Ross's guilt or innocence. But let's just always remember that when you're in court, the judge can make up whatever rules he or she wants and there are no rules. Next off, Atlas. So I keep seeing these speeches and proclamations from Ross's mother. And I really do feel for Ross and her in the situation. And really the sad truth is that there is no justice system, right? Like this is, this is completely a farce. You know, it does not deliver justice. What it delivers is a way of getting people flooding jails with human bodies. Here's another story that came up during the week. There was a team couple that exchanged pictures of their nude body. And so the way that the local justice department decided to deal with this was they were going to prosecute the young men for creating and sending child pornography since he was 17. But they had to prove that it was his dick pick. And so they were going to actually drag him to a hospital, inject his penis with drugs to create an erection and then take pictures of his erection, how police officers do this and then use special software. Apparently they have like dick analysis software to compare his erect, forced erect penis at the hospital with the captured video that he sent. I actually like found the, so like they're police department put out this statement. And there was this woman that put the statement out and I think we forgot what her name was. And I found her on LinkedIn and she calls herself a crime prevention specialist, which is pretty hilarious and actually found her personal Twitter account and encouraged people to let her know how they felt about the case. And she ended up believing it. But so this is sort of what you can expect from Justice United States. If you have a lot of money, you can buy a lawyer who can make all kinds of stuff happen. I think because of the nature of what Ross has done allegedly, I think all the money in the world wouldn't really help him too much in this situation because he's really public enemy number one for challenging the government. And what I think Ross has done is I think he's created a blueprint for people to exchange and do business over the internet in a global fashion for all kinds of stuff, not just drugs and guns and whatnot, but much more pedestrian items. And that's going to, I mean, if people, if people in government think that they hate Ross O'Burk right now, 20 years from now, they will really, really hate him because he's really done a lot to not only get the Bitcoin economy going, but also to lay a fire under these dark economies that are going to encompass more and more of the globe. I mean, conservative estimates about the global economy, the underground economy is that, you know, by 2020, it may involve as much as two thirds of the world's workers. And I think they'll probably have to adjust that estimate upward. So I think that Ross is probably fucked in this core case. He's not going to get a fair trial as other people have said, and I really feel bad for him, but I certainly will wish him the best. I have every possible advantage that he can get in this. I hope that it goes his way. Maybe there'll be a mistrial, maybe something, you know, like the, the famous reporter that reported on the DOD a couple of decades ago, he had a mistrial and he got off this case. So, you know, fingers crossed something like that could happen, but I don't have very high expectations for his core case right now. Will Pangman. Yeah, it's clear that he the odds are stacked against him. He's not really getting a fair, fair treatment thus far or a fair trial is low likelihood. I do think the prosecution has a mountain to climb the state that, you know, on the judge, manipulating the consciousness of the jury collectively, ultimately. They have a mountain to climb in actually proving that Ross is DPR. It's, I have to say I'm incredibly impressed with the judge's response to the motions filed by the defense. She really, definitely sliced and diced a lot of what the defense levied with that motion. And while I, you know, disagree and there's some of the some of the things she said were very spurious, but very still very much seemingly solid, you know, as a rebuttal to the to the piece of the motion that she's rebutting. So, yeah, they, I was confident in the defense team and the strategy from what I know about the case up until I read her statement, the 50 pages. And that is very effective. What she did, you know, for the way the system works currently, which is very tragic, completely unfair is the panelists have said. So, let me say, you're talking about the judge here, right? Well, not the prosecution, right? The judge made out her case well against this defendant. That's really correct. That is crucial. Yeah, thank you, Thomas. That is exactly what I'm trying to say here is what we're seeing from the judge is alarming as an arbiter in this in this situation. So, it really seems like the prosecution and the judge are pretty much on the same team. Yeah, yeah. They argue that to the flesh and blood defense. So, let's go ahead. Copy, dovey, go ahead. I want to, I'm, I'll finish, but go ahead. I just said they are on the same team. Is that in dispute? They both, they're both, they both work for the state. They're both, their interest is in maintaining the state's position. So they are on the same team. Yeah, very much so true. And actually, the defense attorney is limited in how far they, that party can go in terms of like, because of the rules, the confined rules that they work under, which is, again, state sanctioned. So, dovey's correct. Yeah, Christophe, Christophe's right. The panelists, I'm sure, we'll all agree on this. But what we can do is we can make more noise. And I think the, really, the walls are coming down around prohibition, around drugs, much of which were lower, less severe drugs going through there than like the most harmful drugs out there, some of which are legal, by the way, like alcohol and opiate painkillers and such. But the bottom line is we need to make more noise. It's incumbent upon us and we can't sit behind hashtags. So let's do things. Anyone with any legal acumen willing to kind of put the reputation on the line a little bit to go and advocate and support and do research. Anyone with the PR background marketing, specialty event, any kind, get behind some propaganda that's exposing the frauds of the drug war itself and discussing the merits of the prosecution's case and lack thereof, really. So that's what we can do as far as I see it, unless you have money to contribute to the defense fund. And I really do think Roger Veris contribution and the contributions of others are going a long way. You cannot underestimate what a good defense can buy you. I know Christoff has a good point about no amount of money could really win in this in this fall system. But there are ways for us as a community and for the defense team behind this defendant to free this man. So let's, let's point our efforts and direct them that way. Can I just ask a question I'm reading through the paper that she wrote she hasn't actually heard evidence yet. So how is she making the statement. The silk road was in her words silk road was specifically an intentionally designed for the purpose of facilitating unlawful transactions. All British alleged to have knowingly intentionally constructed an operator in expensive black market. I mean, she hasn't actually heard evidence yet. She hasn't heard any testimony. So she's just going off pre-maface the evidence. She's just going off what the prosecution of alleged is that right. She's going off the indictment and Thomas can Thomas can fill in more here. But basically she's doing a PR stunt. That's what she's doing and a damn good one unfortunately. She effectively really sliced through the defense motions which were really really strong and creative. So I don't think nobody has really played their whole hand except maybe the judge in this case at this point because she then can sit behind the bench from this point forward. Especially when the trial begins, but Thomas can probably add more. I mean, it's possible they've done discovery. She could have looked at the evidence before it's presented as like part of a case. Just the generic evidence, but it's pretty unlikely she'd look at all of the discovery. There's going to be a lot of evidence in this case. But yeah, I mean, I think well everyone's pretty much right here. The whole system's out of order. It seems very unlikely that it'll have a very good trial. But everyone should donate and try to help and do what we can because this is important to internet freedom to everyone. It seems to me like the Craigslist case. Even unless the website, unless the website said you have to insert a drug because I was told you could sell t-shirts and raw milk and books, little pamphlets and things. If you can sell other things on there, it's a common carrier. Like you can use the phone company to buy anything. But we don't hold the phone company responsible for what people buy using their phones. I'd like to hear her exploration of the metaphor of the crack house and how he built this house specifically with extra trap doors. I just think that she didn't quite take it far enough. So if you're familiar with the show, The Wire, there's like his character named Omar, who is role as like he bust into these drug dealers places and steals their drugs and their money. And that basically would be the role of the FBI in this situation, right? Because they got the stash and they sold it off. And the crack house thing is an important legal distinction. There was a case about if you own a house where people are like doing crack and selling crack, are you responsible for people doing crack and selling crack in your crack house. And it goes back forth. If you're a slum lord, if you're not upkeeping the house, if you rent it to bad people, and basically they said you're not responsible for what goes on in a crack house. So, Dovey Barker, any thoughts on this case? I think Christophe said it earlier. Forgive me if I'm wrong, but it was something to the effect of the government has trouble defining terrorism because it perfectly describes everything that they do. My categories. So, this is just an example of money is a word and they control what words mean. And if words don't mean what benefits them in this case, they'll change the meaning of the word money. And if it needs to change in the next case, they'll change the meaning in that case too. When when people use trials to make an example out of someone, that can't be a fair trial. It has to be a kangaroo court. Otherwise, you're not making a good example. Right. So, of course, all of these legal defenses are important. And of course, like they should fight tooth and nail to win the case. And of course, you know, we should all do everything in our power to not only support the trial and the case and the defense, but also the public opinion associated with it and the lasting impact that it has. But no, I don't think anybody expects a fair trial out of this case. What we're expecting is a sort of a seminal or a precedent setting verdict against somebody who is being made an example of as the first of their kind in the Bitcoin space. And so the state is using this to create a climate of fear. I guess the the one. The good thing that came out of this article is I think that that is the sympathetic photo that you and I have been looking for, Tom, I know we've been going through all these photos of Ross Olbrich looking for one that that looks like that looks like the good marketing photo that looks like the good propaganda photo. And I think that that one might be it. I mean, that looks like a pretty upstanding sympathetic character, right? Like he's in a polo shirt. He's clean shaven. He's young. He, you know, that this is this is the thing. I mean, I hate to play off. This is the photo. I think that's not come from his family. He's family sent that one in. Yeah. So I'm going to capture that photo and I'm going to run it through my propaganda generating machine and, you know, all I can say is that I hope the best for them. And I think it was a perfectly good. I think it's a perfectly good defense. But, you know, they don't care what words mean. I get to speak with Lynn at pork fest and she's a really wonderful lady and it's a very distressing situation because there is no justice in the justice system. Everyone's gone over there. Everyone agrees that Ross is not going to fair trial and the judge is right. I mean, Bitcoin is money. We use it as money every day. But it also shows that it doesn't matter what is right and it doesn't matter what words mean. They can change it to fit their needs. So I have donated to the defense fund. I think everyone should donate to his defense fund. But I question the efficacy of working within a broken system. I'm not saying you shouldn't donate. You should absolutely donate. But I would definitely like to say I'd like to see creative approaches to dealing with people who have been made political prisoners by the state. One political prisoner, if you go back to the late 60s was a Sada Shakur of the Black Liberation Army. What happened with her is she was falsely accused of killing a police officer. It was a kangaroo court. It was ridiculous. There were other things. She had previous trials too that they tried to get her for various things. She ended up becoming convicted by an all white jury and sentenced to prison. What happened is the BLA ended up breaking her out of prison. She currently resides in Cuba and there's still a million dollar bounty for this woman. She was a police officer who was a police officer. Some people say she did as some people. There's a dispute there. There's also a dispute over who Russell Rick really is if he's actually a dread pirate Roberts or whatever. So am I suggesting that we break dread pirate Roberts out of jail? I don't have the means to do that. I wouldn't even know where to start with something like that. But I would like to see an outside the system approach to freeing people who are stuck in this injustice system because this is this set's dangerous precedence. It sets everyone up for being thrown in jail more easily by the state. And it also said a different precedent. Like Christophe said, where I think 20 years from now you're going to see a whole lot of different dark markets emerging that people are going to have to resort to using because the regular regulated markets are going to be unusable in a lot of ways with all of the regulations. And I think there's a lot of different regulations that are on people. So those are my thoughts on it. I don't think there's enough money in the world that will get him out of jail at this point. And I hate to be a downer on that. And I really, really hope for the best. I, you know, his mother is wonderful. And, you know, I, I think he's a hero. And I hate to see someone not given a fair trial and thrown in a jail cell to rot forever. That's really depressing to think about. I hope for the best in this, but I can't really see him getting a fair trial and I want to see alternatives. And remember at the end of the day, the Silk Road actually reduced violence on the drug trade by allowing large producers of cannabis to sell to mid-level dealers in deals where there's a large amount of supply and there's a large amount of money. They actually took violence out of the drug trade. So they embarrassed the government with that. Remember, this is the same government that the CIA sold crack cocaine to the inner city directly. And I'd imagine if we compared those numbers, there was more crack cocaine sold by the CIA than sold by the Silk Road. So they should look at that. And remember, the Silk Road to black market reloaded, whatever it's called now still exists is still out there is still multiplying. So what have they really done? Have they stopped Napster? Is the MP3 dead? They better keep trying because it seems like it keeps coming back to life to me. Making products and keeping, sorry, go ahead, Derek. Well, making product alternative methods and saying that money is ineffective at this point for a defense fund. And I 110% agree. As good as your lawyer is going to be, I predict Ross will be railroaded. One alternative that could be effective that hasn't been brought up yet is the concept of during nullification. Some people think it's a reach, but it's been successful in the past few years and a couple of high profile cases. And people know that the drug war is a fraud that hurts good people. Everybody knows that at this point because we all have someone who's been affected in our own lives. But they don't know what to do about it. Like Megan was just saying, like, I just want some alternative. Well, one thing that we can all do to increase the odds of Ross's success is to educate people in the New York area. Because I think that's where the trial is going to be happening. Everyone about the concept of during nullification. The idea that juries can free a person convicted of a crime if they feel the law is unjust. So if you're concerned about Ross, Ulrich and people like him, you need to Google during nullification and take jury duty every chance you get. Anyone else on that? I'm very dear God and during nullification big time, but I'm not willing to say that it's not a possibility for a sophisticated defense with enough funding to exonerate this man, get this man acquitted. So it's possible that we've seen again, this the justice system, what makes it so corrupt is what also makes it full of loopholes too. And these are exploitable for the advantage of alleged criminals in their defense trials. So this is not out of the realm of possibilities. And that's I think the way we need to talk about this case, not that it's almost hopeless because of the Leviathan, which again is a reality. But there's plenty, there are plenty of strategies. There are plenty of aces up the sleeves of the defense and surely the, surely the prosecution too and Thomas can, you know, alliterate on this. But basically this is the game. It's not revealing your, you know, four and five and six moves ahead in the future while still being effective in the present and trying to seek conclusion or resolution in the present too. Well, see, you never want the judge to write such a big essay against your case when you're just starting off. That's a real tough way to start. So the judge who decides the guilt or innocence of the convicted or of the person on trial. It's the jury. I know the judge decides what the jury sees and how they interpret it. Like there's a lot of important impartiality that used to be there and that they don't decide what the people see on the outside. So that's why I'm talking to people in the New York area about jury notification before the trial happens is the most important use of our time, I think. Yeah, I agree with Derek. There's the juries yet to be selected. If more and more people realize that this is an option for them, if they're selected as a juror for any trial, any case, then this can be something that creeps in when they start to feel that twinge of encroachment or coercion on the part of judges that they often do to juror. And Thomas knows about this too. There's lots of pressure judges apply to juries in closed door sessions or even in grand juries or even, you know, I mean this happens and that's what this essay serves as is a major precursor of manipulation. Public relation campaign for sure for the press, but also manipulation for would be our eventual jurors. So that's right. Let's get the word out on jury nullification as much as we can find out exactly what jurisdiction the trial is taking place in and pepper the place with pro nullification propaganda. Just a few months ago, federal prosecutors in DC were begging judges to make the people take down advertisements about jury nullification because too many jury members were asking about it. So we know that it's effective when people see these ads out in the subway in the real world. When people know about this concept, they're going to go into the jury box talking about it, regardless of whether the judge lets them see it or not. And if you mention it as a juror, you won't be allowed to be a juror. So it's also very important that you lie. Oh, I wish that sentence hadn't end on it. So this is the first time that I have seen a judge pontificating on the validity of a defense case before the jury was selected, which makes me think that this could constitute some sort of jury tampering, couldn't it? Like she's in the media talking about this in regards to their motion for dismissal. And I think it's pretty typical for a judge to release some type of statement in response to the motion. It's just that most of the time people don't care to publicize this report. But I'm not moving on. But we want to say one more one other quick thing, sorry, which is it's really a shame that they're putting all this effort into making an example out of Ross because the people that are running the current generation of dark marketplaces and the ones that will run in the future, they do not give a flying a fuck about the outcome of this case. The only thing that they will learn from this is they will learn, okay, well, I shouldn't be living in the United States if I'm going to be running the Silk Road 2.0. And I need to make sure that I have my operational security, you know, taking care of it and all that kind of stuff. They'll be looking at this case. When the state has to present their evidence, they'll be looking for the details of how they nailed Ross so they don't make those same mistakes. They won't be looking at, oh shit, like Ross got hit for this while I'm not going to start my own Silk Road 2.0. That's absolutely not going to be at the outcome of this case regardless of how the judge decides. That's exactly what happened with the Liberty Dollar case. When Bernard Von Nahthaus was arrested for minting a silver medallion, everybody looked at the government's case against him. And they said, well, if we're going to keep making silver medallions, well, then we're just going to make it this other way. And they took what was essentially a market monopoly. There were not a lot of competing silver currencies other than the Liberty Dollar. And they disperse it. And suddenly, they were like 12 or 20 or 50 different silver currencies that people all responded to the Liberty Dollar case with new innovations and adaptations and mutations that the state couldn't target. All right, everyone talked? All right, moving on. Did you know if you like Bitcoin and want to talk about it all the time, you can make your own show about Bitcoin. Join the World Crypto Network today. Make a weekly show. No editing necessary if you do it live. Webcam and mic suggestions at worldcryptonetwork.com. Issue 4. Brock Pierce announces dollar-backed cryptocurrency real coin. Brock Pierce, star of the mighty ducks, member of the Bitcoin Foundation, has just announced his own altcoin. Well, it's not an altcoin, really. It's apparently on top of MasterCoin and it's dollar-backed. For every token in the system, they'll be a matching dollar in the vaults, just like gold certificates, just like Federal Reserve notes. It's called real coin. Derek J, your thoughts. Nothing I'm not interested in real coin. I mean, it's kind of cool. I said this in a broadcast we had earlier on the World Crypto Network that like, it's going to be helpful to people who aren't quite ready to try something totally new. But I think it'll be short-lived if at all, because as soon as they figure out how to use a cryptocurrency at all, they're going to be like, well, why wouldn't I just use Bitcoin? I guess it's for those who want little risk or what they perceive it, little risk. What? Little risk, little reward. Well, also, the dollar has been in steady decline for a hundred years, and I mean, that's pretty easy to see for many reading of the charts. But if that's what people want, then they can stick with real coin. I'm not interested. Kristoff, Atlas. So this is actually, it's not the first project that has tried to pay a cryptocurrency to the dollar. There's been a number of other, about time-sepist, epist, goal. I think it's a fine goal. Some people want to have the capacity to be able to trade their bitcoins into dollars temporarily for trading strategy reasons and so forth. And so that might be a benefit to them. Now, they made the statement, though, which is like, well, they're going to take the benefits of cryptocurrencies and apply it to the dollar. And I'm just like, like, the idea that there's no risk to losing money by pegging yourself to a dollar is a stupid idea. There's going to be a currency crisis in the next 10 years, for sure. And they're introducing all this counterparty risk into the situation so that they say that they're going to put it into very safe investments that they're going to be fully audible and so forth. But that's all old world bullshit. Like if it's not on the blockchain, it's not really auditable. The point of Bitcoin is that we trust in cryptography, not in people, not in what they're writing down on paper, not with a promise, even if they raised their right hand and put their left hand on a Bible. And this is essentially what Real Coin is trying to do is they're saying, okay, well, you can trust in crypto, but also you're going to have to trust in what we have to say about our dollar backed assets. And to me, that just that seems like there's a bizarre thing to do with cryptocurrencies, but perhaps I'm missing the big picture. Maybe there's some really clever use of this that I'm not aware of. Will, I'm. Yeah, I guess there's really only one thing, maybe two that I don't like about this project. One is the name. Definitely think the name is poor, but the other thing is that, you know, they decide to use the dollar as a backing instead of any number of other things that they could have chosen that could be interesting. I think trying to build these bridge services for the legacy systems and the folks who are dependent on that to easily transition more so into a cryptographic economy is good. All of these things are good. They're teaching us lots of less things. I think nothing, but ultimately positive things will come out of this project. I don't think the project will succeed, however, because I am privy to some other innovations out there yet to be announced that will make reducing risk without leaving the Bitcoin economy per se much, much more easy than this coin says it will, according to the website documentation and the article and whatever. So, and again, this is within the crypto economy too. These are exciting things. They'll be announced probably within, I don't have nothing to do with them. I just know about them and they'll be announced within a week or two. And that's really cool stuff. So keep keep an eye out for some of these innovations. You're probably know what I'm talking about when one of the larger companies in space mentioned something about this. So, a company you haven't heard much of in a while. So, just go thinking about that. But anyway, Brock Pierce is all about mainstreaming Bitcoin and cryptocurrencies. And for that, he deserves support, applause even, especially if his projects turn out well. And this won't be one of them in my opinion and my early estimation. But there are several other back ventures that he backs and a couple other projects he's directly involved with that will certainly serve to advance adoption. And that's what we all want. We need to see ubiquity and mainstream mass, critical mass adoption numbers in order to be, you know, to give more people the assurance that they can dabble in this new economy. But also to make it impervious to some of these attacks that continue to come its way, you know, like the last issue we were talking about. If you don't think the government or the state, you know, the state of New York or whoever is going to use the Ross Ulberg case to really paper a bad name over Bitcoin and cryptocurrencies as a whole and use that to bolster, you know, badmouthing it and blacklisting it or eventually hopefully I think that they want to do. Then you're mistaken. That's what they're trying to do. So yeah, I like mainstreaming attempts at different innovations. Don't think this one will be very successful. But yeah, good on your Brock Pierce. Keep going with more and more projects is more the more bandwidth and money you have to throw at this industry. The better for all of us in my opinion. Dovey Barker. So yeah, real coin. I think that the idea of a cryptocurrency or digital currency that is actually backed by something in the physical world has some utility. And if you're going to try and develop a model that does that reliably and you want to troubleshoot it and you want to like really like gauge I can people trust that the physical thing you say that your currency is backed by exists and you're not defrauding them. I think it is a good idea to begin with a model that is backed by something worthless like the dollar. But I just I'm not interested in this at all. But the one thing that could come from this that I would find interesting is if in currency exchanges, the real coin began to trade at a higher value than the dollar because that would prove that the cryptocurrency aspect of it actually improved on the legacy system that it's backed by. And provided value and utility that the dollar is backed by doesn't have and that would be kind of that would cause a I would think that that would cause a kind of cognitive question in anybody's mind who said, well, this is valuable because it's backed by the dollar but why is it worth a dollar 50 right. Like I think that that would be interesting economically and I think that that would happen if it was allowed to freely exchange and if it had some of the functionality that Bitcoin has, but I'm still not buying any. Megan lords. So I don't think real coin goes far enough. I think we need a cryptocurrency that's backed by something that's really tangible that we can see and by an industry that's not going to go anywhere anytime soon. We need war coin. We need a coin backed by the military industrial complex, something that's going to be around for a while that you can really have faith in that's going to last. But so yeah, that was kind of, you know, I wrote a satirical article on Bitcoin albams about war coin. I think real coin while well intention is completely missing the point. The whole point of using alternative of a lot of these cryptocurrencies is it's an alternative currency. It's something that is not backed by the same things the dollar is backed by which is the military industrial complex. And I mean, it's rapidly decreasing in value over the last hundred years and all these other problems. I think they're really missing the point and in a way. I mean, I don't know if other panelists kind of get this have will have the kind of same view of this, but in a way, it kind of seems like it's trying to steal some of Bitcoin's thunder like this will be a coin that people can use who are too afraid to get into Bitcoin because they hear some of the bad press about it. And they're like, oh, well, you know, here's this coin that's backed by all our so it's got to, you know, have some kind of value to it. If, you know, maybe they don't understand how value works, but, but yeah, it's totally missing the point. It's something that isn't really necessary. We already have a bunch of cryptocurrencies out here that are really great and you know that are innovating in a lot of different ways. And I don't really see this as a step forward. It's very much a step backwards. And it also concerned me that in the article, they were, I think there was a brief mention of working, you know, with banks basically working with the same system that we always have the same institutions that have enslaved a lot of people basically. And that are the main funders for some of the worst things going on in the world. Like, why would you want to partner with these legacy banking systems and these people who, you know, who crashed the economy basically. I mean, it seems completely unnecessary. And just, yeah, real coin. I can't get behind something like that. It's completely antithetical to so many of the reasons I got interested in Bitcoin. Chris Ellis. So I just want to highlight a joke that was made on Twitter earlier that I thought was really cool. Real coin can be proof of failure. Cryptographic proof of failure. I like that idea. I said about it already basically answers a marketing message, but it doesn't solve the real problem. I also think there's a potential conflict of interest with Brock Pierce being on the Bitcoin foundation and then also operating his own all coin and that should have been more attention paid to it. But if I'm being cynical, I would say that this was a deliberate attempt by the Bitcoin foundation to try and give an element of credibility to the traditional financial system by saying, oh, look, it works for dollars too. And still integrated into your system and maybe Bitcoin's just like this, you know, that was just the project that we got started with earlier on, but we can use something you want if you want, if you, if you prefer. Very good. And talking about this for quite a while that they're going to just take all the cool technology of Bitcoin integrated into the. Well, we'll take out all the best bits and we'll just leave all that shit all this stuff with the silk coat that was just the that was just the beta version. Don't worry about it. It'll be fine. We'll clean it all up. And make sure everyone gets their money transmitter licenses. Yeah, that's what that's what that coin summit event was all about. It was all about, you know, getting your feet under the table of the new pyramid. Funny you say that, Megan, because real coin doesn't have its money transmitter license yet and it would be interesting if they were denied. Right. That is interesting. They want it. They want it. But, but yeah, it'll be interesting. The whole Bitcoin is Bitcoin money thing. So we'll find out. Let's see, questions and answers. These are really a lot more like statements. We have a question about a Bitcoin poll like a census trying to find out how many people are aware of Bitcoin. I think that they had a recent one. The numbers were pretty good. They're aware of it. They don't really. It is though. So I'm supposed to be impartial, but the laws are what they are and the judges lovely making her own conclusions. So we'll just have to see how the trial turns out. Hopefully it maybe it could be a mistrial if the judge goes too far, but I'm not sure that she has yet really. Well, there's no. And judges to be impartial now. I mean, they all work for the same team. You know, they're their interests are the same interests of the state. So there's no reason. There's really not a whole lot of incentive other than, you know, things like morality and being a decent human being that are that make them impartial. A lot of places have elected judges as well. Right. So I mean, that's not a case here, but some of it doesn't matter to the questioner and anyone else who's curious. I urge you to go and look up the rule book for the courthouse in your town. And tell me if you don't find the very first rule to be that the judge can waive all the rules at any time. I guarantee you will be the case. That's the best rule to have. Let's see, a convention, MT, MGT now says, indeed, if I ever refuse or try to get out of Jerry duty, that's the last bit of authority that a citizen has. And in instances where minor sends a new selfie to a friend and gets prosecuted for child porn, if I'm on that jury, I'd nullify. So that's good. Everyone needs to consider Jerry nullification as one of your options. If you disagree with the law or you think that the person hasn't really done anything, you can throw out the entire case with Jerry nullification. And I think Tim's got a few domain names for sale. If anyone's interested in canabits.com or everbit.com sounds like gum really ever bit, very chewy. And moving on to predictions or story of the week, are you ready? Dovi Barger with a prediction or a story of the week? No, I'm not. I should have been thinking about this earlier. Prediction, prediction. Certainly, Dovi learns some new skills this week as a cameraman at the Bitcoin beauty art show. Yeah, that's true. That's a story worth telling. So I am. As some of you may know, Bitcoin not bombs among its other many functions. It is the world's first Bitcoin world's first officiating committee. And we are currently reviewing the claim that Bitcoin beauties held the first, the world's first Bitcoin art gallery. Now there have been a number of showing of art at Bitcoin conferences. But this is the first that was explicitly an art gallery and all of the artists there were accepting Bitcoin for their art and much of their art was around Bitcoin as a theme. So this is the first that we've come across. But of course, it takes a long time for our committee to deliberate to determine whether or not the claim is in fact valid. So we'll probably have a ruling in the next week or so. I know there was some other Bitcoin art shows in San Francisco, but perhaps this is the first one done at a meetup, a meetup mixed with an art gallery. Maybe Megan Lords. Okay, so I have a prediction. Well, I will be starting my own show. I know I've been saying that for a while, but I've gotten more focused with it. And I will be having to show on the world crypto network called crypto convos. And it'll be interview style, like I normally do with people, maybe some some news items scattered in there. And I'll also be working on a separate kind of podcasting project too. I need to get a little more focused on. So yeah, I'll be throwing myself into a couple new things here. So keep an eye out for that stuff. Chris Ellis. Okay, so sticking with my mining theme because I've been a real hawk and I'm turning into a bit of a geek with this hashing algorithm. You can now see that our next predictor difficulty will be 3.59% that is the lowest it's been for over a year. You have to go back all the way to May 2013, where we had an 8% rise. And I predict actually that I like a total hypocrite having criticized sexio. I did actually put a little bit of money on there, not very much just some play money on there to see like what the experience was like. And I can actually confirm it's a complete and utter ripoff. So I put like a Bitcoin. I bought what I did is I put a buy order like 10% lower than where it was when it was up when it was up here or somewhere like that. And I just kind of left it there and forgot about it. And then when I log back in, obviously the price had dropped as it tends to do over a difficulty adjustment. And you're literally getting like a few hundred Satoshi's for every hundred dollars that you put in or whatever. So the risk reward ratio is ridiculous. You're not making any money by actually buying the mining shares. You're basically trading the volatility. So the game looks like what you've got to do is buy it just after a difficulty adjustment or around the time of a difficulty adjustment. Then ride it all the way up. And then it's like a game of chicken where you don't want to be the last one out of the door in the days leading up. So it's kind of I mean, actually compared to the altcoins is probably a more predictable market. And I'm struggling to think why more people aren't doing this because given that it's such a popular exchange and it's got all this criticism for having such a large chunk of the network. I would have thought people were playing that game a little bit more, but yeah, haven't tried it myself. I can't see that it's really profitable. But I do predict that the price of the gigahashes will probably stay above the zero point zero zero six price tag that they currently have. And it's been like that since April's the longest period of relative stability that they've seen in their price for some time. That's a zero point zero zero six per gigahatch as well. Derek Jay. Yes, I have a prediction after much fanfare rock Pierce will be sadly disappointed when he has denied his application for a money transmitter license. But seriously, I've got a story of the week that's really uplifting. It's about another one of these Bitcoin charities. And there are so many of them. I think there's even a Reddit page just for Bitcoin charities for people to list them. But one of the things that inspires me about people who send Bitcoin around the world to make change happen is how they're improving people's lives. One of those places is in Ethiopia and there's a group called power up Ethiopia. And I just love to see humans helping out other humans who, you know, some of whom were born in places where they have more opportunity than others. And then they can help out. So what power up Ethiopia is doing is helping to give people access to water so that they don't have to first of all be drinking water that makes them sick. And second, they don't have to spend all day just getting water. That's a big chore for a modern economy. You can't have a modern economy if you're spending all day just going to get water. So let's make the world a better place by helping people who just need access to water. Power up Ethiopia is the charity that I'll be donating to this week. Kristoff Atlas. So I've been looking at the kind of privacy centric altcoin markets for a while now. And we're definitely starting to see some saturation there. It seems like every day or reading about some new new whiz-bang approach to doing privacy with an altcoin. And a lot of it is kind of like flying by the sea of their pants kind of, you know, they don't have put out a white paper. It's just like all you can find out about is like some big promises and then like a hundred people in some forum that have bought the coin and they're like, oh yeah, it's going to be the ultimate solution to an anonymous, you know, anonymity. It's completely anonymous. Everyone else has promised anonymity before they're complete liars, but this is the one true sources and anonymity. And so I'm definitely curious, this is I think it's going to like have pretty major effect on the altcoin markets over the next year that people are going to expect that your coin is going to have some kind of privacy feature included in it. And of course, most people don't really understand any of like the math behind it and the computer science behind it. So they have a very limited ability to actually judge the merit of these different things, but it definitely definitely does seem to be a shake up in the altcoin market. You have dark coin. I don't know how dark coins going to fare. It's been having some real trouble with the master node payouts and all the stuff. Not quite clear exactly how their their anonymity is going to improve in the future. I'll be taking a closer look at that project pretty soon. But you also have an X 11 coin. You have these crypto node currencies that are just behind that. And then like a whole slew of other coins that have just other approaches that are just not quite as well documented yet. So we're not exactly sure how good they are. So I think we can you look to expect to see if you play the altcoin market that you're going to keep hearing about this privacy stuff for a long while to come. At least until you know dark wall comes out and then perhaps there will be a more clear victor in this kind of privacy competition. Well, Penguin. Yeah, I'll give a story of the week. The Chicago conference. The North American Bitcoin conference is coming to Chicago and the website's BTCChicago.com. So if you want to check out details or buy a ticket there, but the thing I'd really love everybody's help with is to help promote this free event. This is a great opportunity for anyone walking in off the street to not only elbow rub or you know cross paths with some of the people that they might respect in the industry who happen to attend this conference. But they can come and if they've been intimidated to learn about Bitcoin or they just haven't taken this the necessary initial steps because they're interested, but it's intimidating or you know it's just a bit too much to bear. And they would like some hands on support. That's what this event will will supply and you'll get 10 free bitcoins, $10 worth of free bitcoins as well. So the event bright link to register for the free event is in the show notes in the about section of the video. I just gave it to Tom so he should be able to put it there pretty quickly and please click on that and share the link around if you have friends or family in the Midwest area, you know greater Chicago land area. Who you've been trying to convince about Bitcoin, give them this link and encourage them to come next weekend Saturday and Sunday mornings from 9 to 11 a.m. This event will take place the same event both days just so that we can capture more more folks who want to come and learn on either of these weekend mornings and please share it around. It's called the Bitcoin beginners workshop sponsored by Coinbase who's giving the $10 bitcoin drop and the college cryptocurrency network, which is a network of student organizations centered around Bitcoin seeking to bring a Bitcoin presence to their college campuses and they all work together to spread that around the colleges around the world and high schools too. They have high schools in Poland, Germany, China, so they'll be changing their name because of the interest from so many high schools around the world. But yeah, the college cryptocurrency network regional directors will be there volunteering to help introduce folks with Bitcoin and I'll be there and several other of our friends will too. So we really hope to see any of you there who are in the Midwest thinking of making the trip to Chicago for the conference next weekend and please share the link around so that we can get lots of butts and seats and see how an event like this can work and maybe we can export it around to these college campuses as they do their regional and campus wide conferences that they'll be doing this coming school year. And also to some of these other highfalute conferences that have a big bougie crowd coming to them, they might take an interest in providing a free event to the public too and this could be a template. So please support and share the opportunity to attend an event like this in Chicago. And if you'd like to learn more about the college crypto network, we have an interview with them on worldcryptonenetwork.com from Bitcoin in the beltway, check it out on our YouTube channel. Moving on, prediction, zero tolerance of cryptocurrency left on exchanges we continue. Your coin base account is not safe, your blockchain account too, you haven't set it upright, you should split up your money and put some of it into a secure offline paper wallet. Oh, your own keys and keep them safe when you become your own bank, you have to take on that responsibility no matter how much or how little you have invested into Bitcoin. It's never too late to learn about how to keep it safe. But we're out of time until next time. Bye bye.