The Bitscoin Group, the British sequel, for over the last ten seconds, the sharpest satosies, the worst British accent, the hardest parody to pull off. Tom is away this week and you know what that means. No coin desk articles, and now I'm doing an impression of Tom, doing an impression of me. How very meta. Nice to see you all panelists. I'm your tyrant for the day. Please introduce yourself. Megan Lutz. Hello and thanks for having me. I'm from Bitscoin Notbombs. I'm the editor and I also do a show called Crypto Combos every Wednesday. You've got to really over-enunciate like proper 1970s Monty Python reruns. MidasMoney from MidasMoney.com. Hello. Hi there. This is Marnie from MidasMoney.com, a weekly show on the World Crypto Network as well. And I am excited to join you guys today. I haven't been on in a while. No, that's great. It's good to have you with us. Kristoff Atlas from anonymous Bitcoin book. Thanks so much for having me. Good to see you. And we have a first time new guest, Theo from Soundwallet. Hello. Are you bloody viewers? I'm Theo, I'm bloody half. I'm loving this British me. And of course, where we be without Blake Anderson, who is a cryptographic economist everyone. Thank you for having me on the show. I'll have to try to fill in for Thomas and his awesome voice impersonations for the little tiny introduction time that I have because I won't be able to keep it up the way that he does. Very, very cool. Okay, well, first of all, I'm afraid we have some sad news. Yesterday we heard that the hero of the Cypherpunk movement, How Finny, passed away. Members of the Bitcoin community have been paying their respects on Bitcoin and Bitcoin talk forum on some of the subreddits and on Twitter. And How was diagnosed with a fatal disease, ALS in 2009? And soon after his passing, we received the news from the Extruby Institute's chat list that How Has Been Cryopreserved in anticipation of a future cure. What do you guys make of this? Let's start with you, Blake Anderson. I think it's absolutely devastating news. I think that with the ALS challenge going around and the public visibility of this, a lot of people got wrapped up in donating and the Ice Bucket Challenge, which is really good, but this is a very somber reminder of what a devastating defeat this disease can be for various people. And I think that it is appropriate for us all to pay our respects to a member of our community that we've lost. And as you can see, I'm a little bit more dressed up and I normally am for this episode because I do want to show and communicate my respect for the devastating loss that our community has suffered. Yeah, me too. I just stuff a little bit for the occasion. See you, Goodman. Yeah, it's unfortunate news. Yeah, let's also remember that he also did some other things. He made, he was part of, I think it was called Tron on Atari 2600 and also a game I used to play Armor Ambush on the 2600 Atari a long time ago. And he was a real positive guy. He smiled a lot like we were talking about earlier. And I think his legacy, he contributed to the editing and finding bugs before Bitcoin had any dollar value. It was just a project. So he was into this thing before it had any clear profit motivation or anything like that. So I think we all need to remember that too. That's right. Actually he was one of the most positive people about Bitcoin when it was first announced. He was also one of the first people to realize the impact it can have as a distributed database to Christoph Atlas. Yeah, this is sad news. My heart goes out to the Finney family. This had to be five very tough years for them. ALS is a pretty devastating disease. It takes usually adults from what I understand who are pretty healthy and waste them away over the course of several years to the point where they're no longer able to move and no longer able to communicate in the way they did. Hall was reduced to eventually communicating through eyebrow movements. And I remember reading the article that this journalist wrote about him and saying, he got there to the interview and he got his little bit laid in hell spent 15, 20, 25 minutes just communicating to the guy, you know, not don't feel bad for being late. And it took that long because he was doing this through eyebrow movements that would be communicated through a computer interface device. So that's going to be a very tough period of time for them. And my heart really goes out to them for all the heartache leading up to the death. At the right before he was diagnosed, he was sort of in the peak of his health. They had just done a series of half marathons and marathons and he was obviously very active in his work. And but what a way to go out swinging in his life. I mean, some of the most important work that he'll probably ever do in the form of Bitcoin he did after his diagnosis. And he was continuing to program to the point where he could no longer type. He had to use these other kinds of muscle movements to communicate. And he was writing code that would better allow him to use these devices without typing on a keyboard. He was still writing code to facilitate himself as a programmer and as an intellectual. And that's to me is just incredible that he was able to maintain that level of productivity and enthusiasm all throughout such a very difficult disease that is really quite impressive. So I hope that moving forward we really can capture that enthusiasm and steal it within ourselves. And I think we owe two things to how Fanny at this point. One I think is we want to move Bitcoin forward as quickly as possible because even if Bitcoin itself is not a cure for ALS if it's not a mechanism for taking someone out of cryogenic preservation if it's such a thing as even possible. It's going to be this technology that acts the catalyst for those other technologies. They're going to be incredible medical technologies, incredible cures that are made possible because humanity is re-able to reclaim its financial system from villains who are slowing progress down to a near halt. The degree to which we can push Bitcoin forward is the degree to which we can enable those other kind of technologies that can really help either Hal himself in the future bring him back to life for people that come into a similar type of situation. So I think that working on Bitcoin is very productive. And the other thing that we owe to Hal Fanny is that we have to remember he went from the peak of fitness to death in about five years. And he accomplished a lot in those five years. But what it tells us is that no matter what age you are, whether you're young or old, whether you are, you have built up a lot of momentum and drive to accomplish in life for whether you're in a bit of a rut, you could die. We're all eventually going to die and some of us are going to die sooner rather than later. And so if we want to make our mark on the world, if we really want to have an impact as Hal did, and I think to some degree, we owe it to Hal and people like Hal to follow suit, there's no waiting for that. You don't know how much time you have left. So there's no waiting. You have to make it happen now. And I really appreciate that Hal has given me that much more drive and allowed me to pause and think about my ultimate mortality and how it's very important for me to get stuff done. Well, that's an excellent tribute. Thank you, Christophe. Megan Lutz. Sorry, I'm kind of trying to hold it together to Christophe's. That was really beautiful by the way. So I'm often lost for words when these things happen and something that stuck out to me in Hal's interview and formed Forbes was his honorable spirit. You could really tell something that happens with ALS. I mean, your nerves start to break down and it's very hard for you to communicate. And something that stuck with me in that interview was how he was so positive and you could see that shining through in his interview. And he was so much concerned with the future. It was hard for him to smile. It was voluntarily, it was hard for him to self-picture. But whenever he was talking about Bitcoin with its journalist, he would just lie up and it was just such a beautiful thing to read. And I think Hal's choice to be biogenically frozen says a lot about his outlook on the future. I think he has a lot of hope for the future and he contributed to some of the most liberating technologies that we've seen come out in the last 30 years or so. And I think this is really important to keep in mind. I'm going to keep this brief. I think we should always be looking to the future. And as Christophe said, you do only have one life to live. And when things like this happen, it really puts some perspective how short that time can be. And he was extremely productive, his entire life, and even when he was suffering from this debilitating disease and that's a very inspiring thing. And I hope he is eventually. I hope you find a way where we can unfreeze people in the future and they can see the fruition of their works really come to life too. So I think we should always be looking to the future and keeping Hal in mind when we look back on things like your cryptography, your cryptography, and Bitcoin and all these other developments. So I was family the best. I'm definitely thinking of them. This must be a very difficult time for them. And my thoughts are with them. And I think Hal would want us to be looking forward to the future very positive way. And I think there is a lot of hope. There's a lot of hope and technology. There's a lot of hope, especially in this space with the people who were involved with it too. Very fitting tribute. Monty Melrose. Yeah, I am always saddened to lose anybody, anybody period. But especially somebody in tech. And it's interesting how some of these diseases like ALS can attack people who are really, really intelligent. If you look at Stephen Hawking and I just really recently the other day, probably about a week ago, I saw that. I mean, movie trailer for his movie. And it was just like, wow, if you haven't seen that movie trailer, you have to see it, because it just like gets you right in the heart about people's spirit and how they can really, through the power of their mind, they can pretty much overcome and survive through almost anything. I mean, I can't imagine being stuck in a body and having my mind be as sharp and clear as a tag, but being unable to control it. And I would be really sad. It's great that some of those people are so intelligent that that's probably what really keeps them going. And they probably kept him going too. It's his intelligence and his curiosity, right? And I think if there's one thing that we can take away from that is always no matter what's happening in your world, having that intelligence and that curiosity to continue on and to think about great things and to push the human element forward in the world. And our progress forward in the world. I mean, you see how many years Stephen Hawking has been in a wheelchair and I don't want to make this about Stephen Hawking at all. I'm just using it as an example of the fact that you can have something so devastating happen to you, you know, and like Christoph was saying with how you can have something so devastating and yet he, what he did happened after he got informed of it. And I'm sure that his family is very proud for all that he's done and I'm sure that they're suffering that loss and it's never fun to lose somebody close to you. That's for sure. Yes, I was reminded too of Stephen Hawking and how this affects people so badly. I was personally very moved by what happened on the Bitcoin talk forum. I only showed it briefly in the in show there, but just people just flooding in to pay their respects. And you know, when this is normally just such a troll fest as well and people like being really, you know, suddenly everyone is just reminded of the seriousness of this. And actually the link to this thread is in the description below. This is actually one of Hal's last posts where he chronicles how he met Satoshi through the mailing list, how he worked on PGP and you know, some of his experiences since his diagnosis. So take a look and learn from a great master. And also, I wanted to another thing I wanted to say as well is that you please do check out the complete Satoshi at the Satoshi Nako Institute. He actually was dealing with Satoshi very early on. You've got some of the early emails here where they go through things. So I definitely encourage you to do that. Issue two. Super Nintendo Lawski is on the charm offensive. He feels our pain and is committed to getting this right in an article by Julia. She is a curatorialist on Bitcoin not bombs. She quotes the 90s game console by saying we're not the kind of agency that thinks we have a monopoly on truth and that we're always right. We feel strongly that a lot of the provisions in the proposed regulations, but we get that there might need to be improvements. And she says Julia makes the comparison between Bitcoin regulation and some of the past telecoms networks. But I wonder is she right? She well may well be a form of communication, but it's also deeply personal in our culture and it comes tied up with thorny issues such as terrorism, organized crime and personal privacy. So let's start with you Theo. What do you make of this? I think that there are some similarities definitely. And I think that in America the telecom was highly regulated for a long time and you can look at, you can compare it to other countries and about the speed of the technology has to develop America was pretty far behind. But I think in the article that you showed what was more interesting to me or what was more, I think what everyone needs to think about is that it's kind of like, okay, we're going to offer you, we're going to pretend that we're listening to somebody and we want to have these so-called suggestions. So we say, okay, we're offering you more time for these suggestions that we're not going to listen to in the first place. So they've set it up as if they're open to listen to all these suggestions, but that's just bullshit I think. I think it's just a little game. It's just a show to say, oh yeah, but we listened to people and we're not perfect. And if they come out and I think that that's just a show and there is no good bit license. People need to get around that whole thing. There is no good bit license. There's not going to be any good that's going to come out of this. Oh yeah, we've got a victory. We have more time. Yeah, who cares? That's not going to really change any of it in my opinion. That is so cynical. So cynical. I'm not going to be touching what I'm next, guys. Crystal Atlas is going to think. Yeah, I mean, what would we do without Benjamin Lonsky to tell us how to Bitcoin? So it's interesting, right? Because the state on one hand doesn't really give a damn about what you have to say. You know, your preferences, your ideals, they don't really care. They're opposed to war too bad. We're taking your money and we're going to spend it on tanks. You don't like social welfare programs and keeping people in poor and definitely too bad. We're taking your money and we're going to do that with it. And I think that there's definitely an element of that with Benjamin Lonsky and this bit of that kind of a lot of things that you can submit. Any kind of edits or proposals or feedback or whatever you want to do to Benjamin Lonsky. And it's largely going to be ignored. But on the other hand, there is the kind of importance of an air of legitimacy with these type of government officials. I think ultimately Benjamin Lonsky even if he's not elected, it's kind of a politician, right? He has political favors for people in order to maintain his position and to elevate other people to advantage. And so they do require a kind of air of legitimacy. They do require the majority of voters or interested parties to believe that these people have legitimacy. Because otherwise, they would just be, you know, people would come out with their fork, their fork picks and their burning torches and they would just chase them out of town, right? So they need the majority to allow them to do what they do. And Benjamin Lonsky is using the Bitcoin community to create that air of legitimacy. It's astroturfing. It's feigning interest in what other people have to say about his dictums. And I think it's a real shame that anyone in the Bitcoin community would grant that to him. I think we should try to make it very clear to voters, to journalists, to whoever is interested to say, whatever the sky does, he does not have our consent. He does not have our approval. He is not following best practices. He is trying to legislate against things that have not yet been invented yet. And he has not demonstrated any competent understanding of the things that have been invented to date. And it has nothing to do with what we wish to do with Bitcoin. We want to overthrow an unjust financial system. This guy is part of that financial system. And we're doing our damnedest to route around this little rackhole of regulation. And I think that's what we should focus on. We need to promote our dark wallets and our stealth addresses and our coin joins and whatever it is that we need to do in order to make Bitcoin work in spite of these people. And I think that the comparison to free speeches fairly apt because for the first time in human history, money is now just bits and code. And it's not code that's written by a particular guy in a particular building. We've had digital money for a while. There's PayPal. That's kind of digital money. The Fed can type numbers into their bank accounts and that's digital money. But it's digital money that's blessed by a certain Pope of the dollar. And that's not the case for Bitcoin. And so if free speech is a matter of bits traveling over the wire and money is bits traveling over the wire, I think they're pretty much equivalent to this point. And we should just focus on making our speech ever freer and forget about losers like this guy. Shocking, shocking. I was not expecting that point of view from you at all, Crystal. Megan Lutz. Well, it's a good thing that the regulations already in place prevented those five major banks from being hacked. Oh, wait, no, that's not what happened at all. The hubris of Benlowski is something that's so interesting to study because this is the guy who thinks that he's protecting consumers by putting forth this ridicule's legislation that tries to regulate something that hasn't even happened yet. And he can't even protect the banks from being hacked. And I think it's really important what we try to do a Bitcoin not bombs is take back the Bitcoin narrative by any means necessary. And that's why I put Julie as posted there because I think it made an excellent point. The thing is you'll have to understand Bitcoin necessarily to know the regulations against it are not going to work. Just from a practical level, they're not going to work. They're not going to protect you. It's a horrid, horrid idea. And I think she made an excellent analogy comparing it to speech and comparing it to an int license. If there would have been a license regulating the internet, and I think this is a good point to bring up to people who maybe have heard of Bitcoin but aren't familiar with it and still view it as some kind of negative scheme of some kind. And they're like, oh, the government needs to protect me from this. I think pointing out that the first of all, the government can't protect you. They can't even protect your own, your bank account. And they especially won't be able to protect consumer information that's going to have to be required to be collected by these regulations. What they're requiring people to submit just for the application process of the bit license is really bordering on complete insanity. I mean, they might as well be asking for vials of blood or something or urine samples. I mean, it's really insane how much crying they want to do into your personal life just to do business, just to apply to do business. You're not even approved yet, just to apply to do business in the state of New York. You have to jump through all of these hoops. And so at the end, if you end up getting denied because they're like, oh, well, you know, shat-a-luck, you know, we're just not going to prove you anyway. They still have loads of your information. If you, again, if you choose to do business, they're trying to do business there. And that's really, really bad practice. It's going to make a lot more people vulnerable. And just as we've seen in these bank hacks, I mean, we don't even know how much personal information has been exposed in this yet. You know, like, that's a really terrifying thing. They can't even use regulations and it exists to protect banks right now. And there's a bunch of information. I mean, the hacks like this happen all the time. And when there's sensitive information, that's very easy to access. And it's, it's stating for people. And I think you're going to see the same thing happen if these go through. And it really comes down to, philosophy doesn't care what you think. He doesn't, I mean, he can extend bombing period for another year. It's not going to matter because they think that they can control something. And really it comes down to, they don't really understand it. But I think they can control it anyway because they're very comfortable with their place of power. They've manipulated people, they've given them on a lot of levels. And while I do wish the best for people trying to apply a political approach to dealing with this, I just don't see it as working. I don't think these are people to be negotiated with. To borrow something. I think it was George W. Bush to quote him, you know, I don't negotiate with terrorists kind of thing. That's kind of how I view people like Ben Lossy. And that's kind of my policy with these people is like, view this as financial terrorists and I don't want to negotiate with them. And truly made a really good point that I think is easy for your average person to understand. This is limiting speech. I think it was an excellent person. It breaks it down to a very simple and all of you know, you know, beginner lessons and all of that. And I think it's great because we are at a war right now when it comes to the narrative of Bitcoin. Are we going to let our enemies define it for us or are we going to say, no, you know, this is not yours. This is not for you to define. This is for us to define. And for us to resist the kind of crap that you're going to try to do. So yeah, Julie is great. She also does some really awesome videos too. And I think her approach of radicalism and pushing back and also, you know, ignoring a lot of these regulations too and, you know, the ones that are going to be coming, you know, I'm sure you're going to see a lot of activity outside of New York too. I think I, you know, depending on the state, it could be better or worse, but any kind at this point, I don't really think is going to make people come. Well, I think people are getting to a point where they realize that the government can't protect them and that it's really on them to protect themselves. So I would hope that they would find the same kind of thinking to Bitcoin. I hope that people are going to be open minded about it. And yeah, basically resist. Excellent points. Monty Melrose. All right. Well, I do have an opinion here. I'm Canadian. And we have always kind of side of America's big brother. And there's a lot of countries that dislike America. And I'll tell you why. The fact is, is that they've gotten to a point where they think they are too big to fail. Okay. The government actually thinks that they are too big to fail. And yet you see countries that just freaking hate America. Like, they're willing to die, right? And so you're some interesting things that I'd like to point out. Obviously, they're overraching. They're the only country in the world that has citizen-based taxation, right? Except for Eritrea. A little tiny, dinky country in Africa. And otherwise, it's America. And so what's interesting is that they don't even realize that they are actually shutting out and angering more and more other countries. And they're also angering the producers and the movers of the shakers, right? So yes, I read down around. They're angering those people. So it's interesting. In 2013, there was a 221% increase in expatriation. Do you want to know what the state department did? As a result of that, they raised the price of expatriation from $450 to $2,350. That was their answer to so many people deciding that they wanted to leave the United States, right? And so here, one thing that I find so interesting, like, now we see that, right? And then we see Ferguson. We see this big, like macho, you know, showing you how powerful I am. And here's another thing that people don't really realize is that the Homeland Security can act against the US that is in US soil, right? And that's where they're getting all of this equipment from, by the way. They're not getting the equipment from the military. The military has actually run by a completely separate branch. And I used to date a Navy SEAL here in San Diego. And I know some of the SEALs here. And they are not happy with Homeland Security. Because, you know, the Army, the military, they can't act against you to citizens on US soil. They cannot do that, right? And so the executive branch thought, oh, well, let's make this other entity called Homeland Security. And they can go and kill the people. Give me a bright hair. It's just like, this is crazy. Okay? And this is not just another example of Americans just going, live, you know, we're the biggest thing. And we don't care what you think. But the thing is, is that sooner or later, you know, there is going to end up being a revolution, you know, and the people, that's what's happening with Bitcoin right now. The revolution is a peaceful revolution where people are just like, I won't comply. I just won't comply because I totally disagree. I'm not going to fight you, but I won't comply, right? And like the three Chinese exchanges, they sent letters in Delosky saying, we don't want to deal with Americans if this is going to be the way. Look at Coyna Poole. They won't deal with Americans. They're just like, sorry, we're out. We just don't want to deal with you. And you know, even the big banks, the ones that people love to hate, like HSBC, you know, they have actually gotten to the point where they kicked out all of the small businesses, a huge number of small businesses shut all their bank accounts down. I was one of them. And they said, you know what? America and the fact of law requires way too much information. Other countries don't do this to us. We just don't want to comply. And so therefore, you stay off in your little world world and we'll just go on with ourselves. And you know, the Indian and the brick countries, right? They're creating a whole other banking consortium so that they can bypass America. Trunks of internet are being created to bypass America. And I mean, you guys really need to wake up. It's just a small, like little thing and just something that's building up huge life. So that's my opinion. There's some great thoughts. And I'd love to hear what you think, Blake Anderson. Well, I almost feel like the movie network about how things are getting worse and worse now, the world keeps getting smaller and we don't go out anymore and we say, please, at least leave us alone in our living rooms. And I've kind of kept the gloves on with Lossky a little bit. But we need to start to put out the fact that he doesn't even understand what regulation is. Regulations in laws are not the same thing. We're supposed to have pretty much three laws with maybe some other overreach. And the three laws are supposed to be don't violate people's negative rights through assaulting them or harming them. They're supposed to be don't go and destroy or steal other people's property. And then don't get involved in contracts using duress or lack of mutual assent and lack of understanding and scam people. To say that regulations are laws and then to come through and to mess up what's going on as an unelected bureaucrat relative to people using math to usher in the age of information. That's amputating the financial hand of the West in New York and people should be angry about this. Anger is the appropriate emotion here. And before I continue to get more angry, I wanted to say that Jules, Julia, who helped to write this piece, is a good friend of mine. She is an amazing person and I'm so proud of the fact that she has continued to do research and produce content in this space. And she has contacted me very many times asking me about things that she wants more information about, whether it be the secure hashing algorithm or how different things work. She has been contacted by Ben Loskey. He hasn't sent me anything. He doesn't care what he wants to do is to put this giant deal forward where he gets everything that he wants. And then they're going to give us little tiny pieces of things that we need in an app like, oh, I'm the giant hero, the unsung hero of the day that came in and saved everybody. But let's talk about what regulations do and what regulations are. Regulations are supposed to be agreed upon between businesses to keep business regular, to keep the economy flowing and to keep consumers safe. And when you have regulations that are imposed unilaterally by a third party, that opens you up to capture. Now, what does that mean? What is capture? Capture means when you have a third party that's not an individual but just a group of people that's going to go unilaterally, make things happen for others, that becomes capturable. That becomes, you know, for sale to the highest bidder and the highest bidder comes in and says, oh, what do you know? We didn't work in the interest of, you know, trying to donate money to these people to make it good for everybody. We donated money so that we could get back what we wanted to quash competitions and then, oh, lo and behold, everything works like shit. And then everybody acts like it's some kind of a giant mystery when we've gotten away from what should be happening. So if we look at another space, let's say environmentalism, we all like the environment and we all want the environment to be healthy. Let's look at what regulation is done there. We have regulations subverting the rule of law and saying that if you have property, your rights to go and be made whole when people damage your property are undermined by the regulation in the Clean Air and Water Act and guess who's exempted the giant oil and gas corporations. So the giant oil and gas corporations who pollute the most are exempt from this regulation that makes it so that they can go and damage property and then you can't come back through and be made whole because there's a regulation that allows them to destroy your property to whatever extent they need to be successful for the good of the economy. And this is just so completely and thoroughly ridiculous. It reminds me of Bruce Fettin saying, oh, what we're all supposed to reach out and work across the aisle with Fennlosski to help him make these changes to the regulations so that he can push his package through. No, we don't want to work with people that are going to throw our friends in prison for using math for making it so that the West can come through and continue to be this force of economic freedom. We're not a force of economic freedom. We are a force of economic stagnation. And what is going to happen is if we have these laws and these regulations that are conflated and confused with one another and people don't know what's going on, we're going to have a giant exchange in New York with a token substrate that doesn't work with the blockchain. It's going to be a fraction of reserved nightmare. There's going to be another gigantic catastrophic collapse. And if you know cryptographic economists means anything, I don't know if it does. It's a name that I've given myself. But if that means anything, and if all the research that I've done equates to anything, it's that if that happens, it is going to blow up in our face. It's going to create these massive hardships. And you know who's going to be at fault? It's going to be, it's going to be, you know, lost key and or the people that didn't come out and say he doesn't know what he's doing. He's not qualified. He's not elected. And this is a joke. I highly encourage you to get mad. Like I highly recommend being mad. So the thing about good old Nintendo law ski is that he could just come here to the Bitcoin improvement proposal on GitHub and have his say where everyone else is instead of trying to claim them a monopoly on it. Yeah, I completely support everything everyone has said. I would also say on jewels that she is a fantastic videographer and journalist. She has made this the declaration of Bitcoin's independence. It is pretty awesome. She's got like, you know, interviews with everyone reading out sections of this thing you go need to go check this out. It's brave world on YouTube. Now shall I do an exit question. What do you guys think? So obviously I haven't scripted this very well. So I think do whatever you think you should. I think exit question. How much longer is this guy going to troll us? Theo? I think he's going to troll us for a while and I think that he can for a while. I mean, New York is well known for its kind of regulatory being a kind of regulatory island. You know, you can't have a big gulp drink. There's no MMA there and they're known for their collusion with businesses and organizations as far as regulations. That's really nothing new and they're big and they have plenty of money. So they can go on for a while. I think New York as itself. And so this guy will probably troll for a while, but I mean, not all the states are going along with it. I mean, they're pro regulations. So North Carolina has come out and said, we're just going to use the regulation we have now. You have to apply to be a money transmitter blah, blah, blah. And that's it. We're not going to do this big bit license thing. They didn't say explicitly. We're not doing bit license, but they're not going to build this crazy thing where you have to give blood in order to have a bit license or something like that. And I think South Carolina basically said we're not interested at all. So it's going to call I mean, maybe we don't know what's going to happen, but I think some states are going to show they're not interested in doing it like that. They're interested in regulating, but they're not going to go to the length that New York has. I mean, you can buy big gulps and a lot of other states and you can, you know, go to MMA matches without a problem in other cities and states too. New York is somewhere where you just can't. And so that's fine. They can be their own island of hyper regulation if they want. That's their prerogative. Kristoff Atlas, how much longer are we going to get trolled? Oh, I think that he'll be trolling us for years. This is the next phase of his career. The last phase was pretending to give a crap about bank, you know, banks moving money around naughty ways. And this will be the next thing is trolling the Bitcoin community. Megan Lutz. Dude, he wants to troll us into eternity, but don't feed him. You know, don't feed the trolls and, you know, really what it comes down to is a lot of people who don't know anything about Bitcoin, maybe support of him. So these kind of really nevelious reasons were, you know, they really think that Bitcoin is a threat. And that's why it's very important to kind of re-work on Malcolm X to take back the narrative by any means necessary. Money, Melrose. Yeah, he's not going away any time soon. I'm, I'm with Megan on this one, you know, just if the system that you don't like that is funded by your money is not doing the things that you want to do. If you starve it of its money, right, because it doesn't generate its own. It only generates, it only gets money from what you give it. So if you don't like it, stop giving it. You know, my peaceful revolution. Like Anderson. Well, he's going to troll us for as long as he can. And the reason that I got a little bit macro in my rant is I think that the best way to respond to his micro micro micro attempts to undermine and distribute, to a responsibility and try to attack things is undermine his authority as much as you can. Research the difference between regulations and laws, research the consent of the government and things like that. And instead of responding to the things that he wants to talk about, undermine his position of authority in your responses as much as you possibly can, retake the narrative and say, this guy regardless of what his plans are, doesn't have the right nor the authority or the expertise to come into this space. And if we give him that and if we continue to talk to him, he's going to do damage and damage that, you know, will take a long time to recover from and will take a lot of businesses that may have gotten into the, into the medium and push them out or scare people. And we shouldn't allow this to happen. It'll have to do it for as long as you can. Did you know this is more than just a YouTube channel yesterday, I gave our first copy of the blockchain to WCN fan Mitch, who will be returning with a full copy of the 24 gigabyte public ledger to Ghana. This is part of our decentralized the world campaign that we're doing. Nick and I have been working on this for a while. We've been creating some memory sticks and on those memory sticks, we have been putting a copy of the full blockchain. I had a long chat with Mitch, not just yesterday, but also today. We couldn't just leave it with like, you know, a two hour lunch. We actually had to go on a little bit more. And he's interested in helping people in Ghana, which he says is much more amenable to things like Bitcoin. There's many more people that actually speak English. They are also you don't have a monopoly power already in play. So he's got some ideas he's going to be setting up a shop very soon. And so there might be some opportunities. I also introduced him to an exchange in Britain. I highly encourage you all to get in touch with us. Now it turns out that the Q&A isn't working due to a bug on YouTube. But if you want to ask any questions, you can do so in the comments below. I have been seeing some of the comments coming through already on the YouTube. I've got it open in another window. Alternatively, you can sweep me at Mr. Crisellus and ask your questions there and we'll have time to address them later. I'd also like to encourage you that if you enjoy the show, you may donate to this Bitcoin address. You may also notice that in the top right and corner of some of our guests, they have their personal Bitcoin QR codes. So if you like what somebody is saying and you want to support them and see us do this more, please do take the time to donate. You can always go back to the show later on and pause it over the relevant person whose ideas you agree with. Now swiftly on to issue three. The public relations department of the banking cartel in my opinion, city group, have been up to their old tricks, releasing yet another press statement. I mean, market research analysis saying quote, Bitcoin's price is poised for acute instability. This is due, they say, to miners and merchants creating large number of sell orders on exchange, on exchanges. The argument seems to be that merchants are forced to sell Bitcoin immediately in order to stay in line with their accountancy rules, whilst miners are facing increased costs and are needing to cash out to play their electricity bills. But I would remind people that they were trolling us since back in February, they jumped all over the MNC Gox Fiasco and came in and actually told us that the reason why Bitcoin wasn't going to work this time around is because Joe public would run away. Did Joe public run away, Christoph Atlas? No, I certainly didn't find that to be the case. I think this is a, yeah, it's a clear, clear bunch of fud. It's like the, the squid spring out the ink to make it get away escape and delay it's it's the people that are chasing after it. Megan Lords. If you're listening to the people that Bitcoin threatens the most about Bitcoin's future, I think you may be doing it wrong. I mean, these aren't, they have every incentive to make Bitcoin look like a scam or look like it's failing. And also something the key in mind too is you don't have to focus so much on the price of Bitcoin. I know it's something that's kind of been at the forefront lately. It's been on all of our minds, but this is a good time for stability actually. I think there really is a silver lining to this. You know, this is a, things seem like kind of stabilizing as far as the price goes. It's high. There's a lot of people like, but this allows more people to get into Bitcoin. And I think that's important to keep in mind. So this is just for people, this is a gang of back to reshaping the narrative. You know, where people are still kind of so dependent on the opinions of these kind of established groups. And they're the ones that Bitcoin friends are most. So don't listen to them. You know, don't give them any kind of credence whatsoever. Money, Mel rise. Sorry, I was over there trying to figure out the hangout magic thing. And now again, just don't pay attention because you know, there's always going to be that person out there crying wolf. Crying wolf. Crying wolf. Crying wolf. Crying wolf. Right. And that's how market fluctuates. I mean, it's interesting. I was doing some trading on Bitfinex. And there's people that are like on purpose, saying things to try to elicit an emotional reaction from you to try to drive the price up and drive the price down. This is exactly what's happening here. It's nothing different. It's just coming from a media source, but it's nothing different. It's the same thing. Like Anderson. Yeah, I think it's a space of infinite rationalization. I mean, this rationality, which means to be logical and this rationalization, which means to make excuses. And if you want to sell headlines, you go through it and you say, well, let's make some subjective excuses here and write whatever we want. Bitcoin is not an entity which can sue us for slander or liable. It's going to be very skeptical of people that have these strongly negative opinions. And they're like, I know what I'm talking about and come and read my magazine. And it's like, you have to be skeptical. If it's a subjective opinion, form your own subjective opinion. And you know what? Jump into the space. Make your own blog. Make your own show. Respond to it. Respond in the comments. I mean, maybe don't respond to the trolls because that won't be maybe the best use of your time. But we all have a voice that can be heard here. And I think that a lot of us need to lose our fear of criticism and come out and say what you think. What do you think and what do you feel when you see the movements in the space and don't just allow some journalist that wants to make money off of infinite rationalization to do so by rustling your jimmies. It's not, you know, it's not productive. Excellent expression. Good. Yeah, I agree. And I think, yeah, you can listen to this articles, but you just have to take it with a grain of salt. Like everyone said, think about who's the messenger. And I mean, you know, this is probably, these are probably paid articles. This is just advertisement. And, you know, someone paid for it. Someone wants to drive the price down, maybe. And then, you know, take a position at a slightly lower price. And then, you know, if you're a city group, this could be Pantera or whatever other hedge fund. And, you know, it's just, it's a normal game. I think it's a, I mean, it could be a big buy signal for a middle or long term because these guys want to have to price down. They're, and they're buying in, you know. Also, another side, okay, you have stability. If there's a higher volume, it's also nice if there's just a higher volume of transactions in general, even if they're selling, then people are going to buy it. And with higher volume is also a good healthy thing to have. So, yeah, I think that miners are selling off. They might be right. And they might be right with a lot of people switching back to Fiat. But, you know, what in the article that didn't show any evidence is totally in transparent. Where are the numbers? I'm really interested. I really would be very interested to see, you know, who's coming out, who's saying, okay, we have a company and we do $10,000 of Bitcoin business a month. And we switch it right out to dollars because of XYZ. I mean, that would be really interesting, but they're not showing any, they're not being transparent. So why the hell should we believe them? And we know what their inherent interest is anyway if there are banks. So, yeah. Yeah, nothing should also remember that this is a dusty old legacy bank that has a failing business model and code that was written in the 1980s that they're fast trying to replicate in newer languages like Java. So we should take it with a bucket of salt. Now, I did have some thoughts. I noticed on a lot of the forums like Bitcoin, talk forum, for example, people were saying that they were trying to drive the price down. You've already alluded to that. I had a question of myself, which is, do you guys have concerns about capital gains tax in theory every time you make a purchase with a Bitcoin? You should in theory, write that down and pay tax on that. What do you, what do you think, Christopher? Well, I usually, I haven't bought a whole lot of stuff with Bitcoin. Honestly, at this year, I'm mostly looking at capital losses. So, you know, but I think that people should try to play it safe. We're not quite at the point where we can ignore these kind of tax rules. The anonymity or the privacy technology is not quite there yet. It's still very cumbersome for people to use. And it's going, there's going to come a day when this state is able to examine the blockchain and look for people that are not following their, their dictum. So I would be, I would try to play it safe, talk to your accountant and your lawyer and whoever else you need to talk to in order to make sure that your risk tolerance is commensurate with the amount of risk that you're taking on as far as paying taxes goes. And I think that's a big problem. I think it's important to maintain a grounded approach to this. Definitely don't do anything that caused you to be thrown in a cage. You know, I support tax resistance and theory, but I pay all of my taxes that I feel are, you know, I owe the government to keep it running and all the important things that does. So, yeah, I mean, you know, be smart about it. I haven't made a whole lot of money on Bitcoin this year to be honest. So I made it such a thing. I'm super concerned with. But yeah, right now we're not quite there as far as being able to completely anonymize things. It's pretty difficult and until that becomes more of a possibility, be smart. But, you know, also do it. It just tells you. I mean, I think the position of a tax resistor is an ethical one. I think it's something that, you know, more people should be advocating for. I mean, really what's funding the empire is us paying taxes and it's causing a lot of widespread destruction throughout the rest of the world. So, you know, I think there's an ethical and moral argument to be made tax resistance. And ultimately, I think it comes out to your own conscience and look within yourself and realize, you know, is this worth the risk for your, you know, morality basically. So, you know, pay your taxes or don't pay your taxes. It's really up to you. I do a cost benefit analysis or something. You have to pay your taxes based on how good a job you think your government is doing. Money, Melrose. Oh, we're good luck with that one. Yeah, I, well, I pay my taxes, but I also make sure that I have a really good account who make sure that, you know, I follow all of the rules so that I pay as little as possibly possible. You can still, you know, go within the system, but be educated about, you know, what you can and cannot do to maximize your, you know, the amount of taxes that you pay. And so, yes, do pay your taxes. Luckily, I have been in a situation this year that I had a lot of losses. So, and this is one thing that I don't quite even, it doesn't feel comfortable to me is that if I show too much losses and they're going to pay me money, right? It does feel weird that somebody else is paying me. That that, that kind of feels weird because it's actually your money that they're taking, by the way. So, you know, I'd rather not get paid anything, right? But that's just me. Anyways, moving on. Excellent points. Blake Anderson. And this was more a question. It wasn't about you guys to personal tax liabilities. It was more like, is this going to have a chilling effect? I don't want you to incriminate yourselves on air. Yeah, no, I mean, I have to pay all of my taxes, even if I was so offended and sickened by the actions of the country that I live in. I have my upstairs office here that's in my living room. I have therapy trampolines and stuff. I have a child. My son Oliver has autism and I can't risk being thrown in a cage. But at the same time, if I could not pay my taxes and put them into an account for him so that he can be okay if anything that ever happened to me, I would really like to do that. But I can't write my tax office and say, I have a disabled son and I would like to put money into account. They say, no, we have services that are provided to the government. But my wife's mother works with disabled people. She's worked in the industry for a long, long time and guess what? Every single time any kind of budget needs to be cut, they cut the budgets for the disabled people that get services because people that are disabled can't come and pick it and do things and make it so that their unhappiness is known. So I really, really, really feel maybe more so than your average person like I am very, very much trapped in a situation where I have to pay for something that I know will not be around to benefit him when he gets older. And I have to not be able to put as much money into an account as I would like to to make it so that his future can be secure and that really, really scares me. Yeah, you brought it down so really, really serious point. Thank you, Blake. Theo, good. Yeah, I don't know if I have really a lot to add, except that maybe if so if you pay taxes on a yearly basis, then maybe we'll see a lot of photo articles around December, so that by the end of the year, you know, you have a loss and then January, it can just go up again. That's how I would do it. I was a bank. Very good. Moving on to our final issue of the show. It looks like Mad Bicquins is having a great time at Burning Man. According to Nelly Bowles, the Bicquin camp has been hijacked and rebranded as Dogecoin camp, sitting under some tarpulin in the middle of a desert are some crypto nerds, sharing utopian dreams of a future without banks and banksters. Nelly looks like she got stuck in with some journalism too, saying there is a conversation in the tent that raged freely from, oh, I rode the wave up, man. And I could have all been, we could have all been millionaires. Did you hear about Bicquin? Far more advanced than Darkcoin. What are your views on side chains? One guy is reported to have said, I'm the Messiah and money grows on trees. My question to you is, is Burning Man better than Portfest? Megan Lords. As a long time festival enthusiast, I still have not been to Burning Man, which it's maybe disappointing to other burners, but I've just never really seen the appeal of paying an extremely inflated price to survive in the desert. Whereas Portfest, I have been to a couple times, it's the same length only you're in New Hampshire in the summertime, which is really quite pleasant. It does get a little bit cold and it can be a little bit rainy, but it's way cheaper to attend. There are a bunch of agarist vendors that take all types of barter materials, silver, Bicquin, to just handmade goods. I think the barter economies are pretty similar in both places, at least from what I've heard of Burning Man and the people I know have gone there, it's very barter centric. Since I haven't gone, I don't know that I could quite compare it, but I really, really big Portfest. While we were all there, Thomas was incessantly telling us how much better Burning Man was. I just really can't see that compared to the experience of Portfest. It's quite a different crowd too. There's a lot of different ideologies involved in both, but I think with Portfest, I think you do see an arcade kind of ideology in both, which I think is really interesting. But I'm going to have to side with Portfest. I've gone a couple years in a row. It's way more affordable to go. I drive all the way up from Florida to New Hampshire, so it's quite a haul for me. Probably be about to say I was if I drove out to Burning Man too. Only there are more amenities. It's a little bit nicer, and it's a lot less expensive for me. So I'm going to side with Portfest. Very good. Monty Mel Rice, please. Well, I have never been to Burning Man. I've got my car to our come looking. The other side. The other side. Okay. Anyways, I've never been there, but I've aspired to go to Burning Man for a very, very long time, because I have a lot of friends as a member back. My roommate is over there. I'm so freaking jealous. But you know what I like about Burning Man that I've heard anyways from my friends out there is that there's a lot of tech people. And you know, that's primarily what I am. It's tech, right? That's just that whole world that I've been engulfed in tech for 30 years now. And so I love being around people in tech. And I've heard that there's been a lot of great deals that have been done, you know, out there in the middle of the desert. And you know, one thing my grandfather used to always say to me was never do business with anybody until you played it around golf with them. Because you'll know right away if that's the type of person that when they get pushed, they are, are they going to be good or bad, right? And so putting somebody in the round of golf is, you know, that way of pushing somebody. Imagine being the dirt for a week. That's got to push people, right? Now, when will the business deals get done out there? And so if you're going to see people at their best, you're going to see people at their worst. And especially at their worst because sand is sand, you know? So if somebody comes out the other side and they're still happy and they're fun to be around and you like their ethics, then, you know, that that to me is where those really strong bonds of friendship would be created by phone friendships, right? Because you know that that person is going to act a certain way into those circumstances. So I'm a burning girl. Thank you very much. And Vivian Blake Anderson. Well, I went to PortFest this year and it was absolutely the most fun I've ever had in my entire life. I got to hang out with Megan, which was awesome. And Joseph and Jeffrey Tucker was there. Patrick Kern was there. Jules Julia, who we were talking about earlier was there. Jeff Burwick was there. Is anyone else there? I could list almost everybody there. Bernie Hancock, Joe, we weeks, Jordan, Paige, just I, but I would forget somebody that I would feel so bad, but it was such an amazing and fun experience that I've never been to burning man. I think it would be really, really fun too, but PortFest was so much fun that there's no way that I would be able to rant enough about how much fun it was. So I'll just have to end it right there. Thank you. Theo Goodman, I don't suppose you've been to either of them, but have a stab at it in any way. No, I haven't been to either of them, but I think at at burning man, there's more goggles and top hats than at PortFest, but I can't say for sure since I've never been. But I'm guessing that that's one small difference, you know, from what I've seen of burning fest. And I guess the music is a little different too, but. Yeah, I think both are really interesting and I think yeah, not better, but different. That's just how it is. It's just different styles, you know, different. I mean, you know, some people are kind of anarchist style. Maybe they don't really call themselves anarchists per se, but you know, it's kind of a big experiment. I don't know how much it costs to go to burning man, but I think I remember that it was kind of expensive, but. They do have that what do they have that leave no trace kind of ethics are they like clean up all their shit even though they paid a lot of money. So not only you got to pay money to live in the desert in a refugee camp that you brought yourself and you got to clean up all your shit. So I mean, you know, if that's fun, then why not, you know. Yeah, it's actually about $400 to get in and Tom, you know, made it pretty clever and is a pork fest how good burning man was and he kept saying everything's free, everything's free at pork fest, you know, you've got this kind of free market. And it's like, it's not free. It's like $400 to get in and then everything's kind of faithful. Crystal Atlas. I think being stuck out in the desert where money is disallowed and there's no internet sounds like some kind of libertarian fever dream and a very, very negative one. So I'm going to have to go with pork fest to admittedly has extremely poor internet reception, but as a child raised on the internet, I'm going to have to go with the slightly better Wi-Fi reception than the one that has not at all. Yeah, it really was like a crime against humanity of pork fest with the internet because the thing is it worked just well enough that it really, really annoyed you. So you were constantly moving around and everyone knew where the patches were, there were patches on the camp where you can get it. So everyone kind of converged on those areas and if you were with like AT&T you were out a lot because you couldn't get it anywhere. And guess which, you know, provider I went with. Yeah, I think I think I want to pick up on something that was in the article, which is that all that they talked about in that conversation was the price and it was all about rumors and opinion and have you heard about this and it's this kind of tribalism thing that I've been going on about for some time now. Although they did mention some more ideology later on, one guy was saying that maybe these big skyscrapers could be repurposed and used to house homeless people right once we've done away with the bankers. Where are they going to go? Of course, I don't know where the bankers are going to go. So maybe that's the exit question. Crystal Fattles, where are all the bankers going to go once we chase the witch doctors out of the glass temples? Oh, man, I don't know. They're going to have to start up some kind of new scam. I'm not sure exactly what's going to look like. Maybe they'll have a Bitcoin Ponzi scheme or I'm sure they'll find something. But yeah, I don't know about housing homeless people in a giant abandoned tower. It may not be the best way to go, but I think I said the bankers will be you know betting betting down with them. I mean, it's a hallowly toapian dream, isn't it? Megan Lords. The bankers can go to hell as far as I'm concerned. Now, later, during at any time. Yeah. Excellent. Okay, you guys are going to be surprised by my reaction, but you know what? I do know some of the people on the regulation arena and the people themselves are actually not that bad. It's just that they're worldview. It's a little bit different, right? And I think that it's a matter of educating them on a different worldview and maybe take them to work fast or take them to burning man or something to just like crack their hands up in a little bit and give them a little bit of a different look on the world. I think everybody's redeemable. Maybe that's just the naivety of being a Canadian because we're just so down nice. But yeah, that's like I'd like to volunteer to to round up all the bankers and leave them out in the desert to have their own burning man festival. Yeah, it reminds me actually rather of Moses, you know, Moses took the Israelites out to the desert. I mean, obviously it's just a fairytale, but the idea that the lesson that was trying to impart was that it was teaching people to live within their means because for too long, people have got used to all their spoils. Blake Anderson. Well, I don't know. Maybe we should quote Trump on a little bit and say maybe the bankers have to go out in the kiosk trips of Venice and on some abandoned super highway and that they'll maybe help to reduce their ego a little bit. Excellent. Well, every soldier is a potential deserter and every banker is a potential normal guy or girl. So I don't know. Maybe they would just some will go to the desert and form their little bank tribe and others would just, you know, hang out with us. I think that, you know, like I said, all of them have the potential to change. And I think a lot of them are just in kind of zombie mode, just working. You know, we've talked about it before. They're not really thinking. They're just like, okay, I'm going to work and then I'm going to have enough money and then I'm going to retire and that's great. And I don't want to think about anything else. They've been they've been brainwashed, you know, probably by their parents or something. And so we can't really necessarily hold them accountable. All we can do is maybe help reeducate. We could put them in reeducation camps. Oh, this is the sound of the sound a little bit like what was that guy's name? Same remember that guy's name the 20th century was his name. That's why I said the thing with the soldier. So I know I know a guy that is a is a deserter. And that's what he said. He said, yeah, every soldier is a potential deserter. So okay, they signed up to kill people. That's true. But you also have to look at it when you talk to people. I mean, you could you could just go up to every soldier and be like, ah, you're I'm going to crack your head open or whatever. But you know, they they also see how shitty it is, you know, and every so every banker also has the potential of, you know, coming to their senses. It doesn't mean they will, especially if you have a vested interest and continuing the system as it is. However, they also see how it is on the inside. So yeah, someone wrote potential burner. Yeah, that's true. Yeah, every banker at rhymes every banker is a potential burner. And so burning man will make a lot of money and it will be bigger than ever. Yeah, I actually think it's quite funny that I bet a lot of people in finance actually go to things like this as a kind of a catharsis, you know, I do find it really interesting. And I said the other day on Twitter that it's weird the way our modern civilization is basically run by a bunch of witch doctors. We put our faith in these people that tell us stories about how they can predict the future and how that financial model is the perfect. And yeah, every time they fail, every fiat currency in history has failed. And it's just beg as belief, I don't know why we put them all in charge. I really don't. They're all going to go to burning man and make there a naked short selling camp. And like we said, you know, it's not even the majority of them. A lot of my friends that sold out and went into banking, they call it the golden handcuffs that you go in and you say, just, right, it's only going to be 10 years and then eight years in a recession hits and you lose everything. And then all the house prices like in the UK, they escape your ability to be able to keep up with them. And I was watching Jared Diamond the other day, the Geographer and the anthropologist on YouTube, he has a great documentary and an book called Guns, Germs and Steel. And in it, about 20 minutes into the documentary, he shows a native from Pat Winnigini building his own shelter in two hours with nothing but his bare hands. Right, this guy can give himself shelter from nature that every human being needs in two hours with nothing but his hands in the jungle. It takes us 30 years to pay off a damn mortgage. Well, except of course it doesn't really is just that they forced us to go on this crack lolly. They make us pay over a longer period of time in this absolutely necessary just so that they can extort and friends of mine in at the, I'm in my 30s, my friends, you know, all the same age, they've been getting into it. They've been getting into it and they said, look, once they get you on the crack pipe, that's it. You're stuck. You're a captive audience now. You've got all these different businesses that are interested in upselling you to bathroom and the carpet. And of course they know that you're going to buy because you're captive. You've got no choice. You already have what's known as sunk cost. You've already put cost into this. You don't want to get out and it just becomes like a parasite, like a financial tapeworm in your gut. Very good. Wow. That was a pretty good stint. So we have had some comments. Let me get up a screen share here. Situation. So Chad says, who is greater? Satoshi Nakamoto or Albert Einstein and why? Going Christ off. Let's see in the long term. I mean, you know, there's still a lot of different ways to look at it, which ones the superior scientists are intellectual genius. I don't know. But in terms of which ones going to have a longer term positive impact on having a civilized society. I think Satoshi takes it hands down. You know, one of the first things that Albert Einstein contributed to was nuclear weapons. And so I think that Bitcoin is a less morally neutral technology than that which Albert Einstein discovered. Yeah. And of course it was his lesson, less, less, less at a harrier's treatment as well, making him aware of the fact that the atom can be split and it can cause this amount of devastation. But I think that in my opinion is that the Einstein, you know, if it weren't for Einstein, it weren't for Niels Bohr. We wouldn't have these things. GPS wouldn't work. The computer wouldn't work. So it's very, very hard to gauge in a long term. Blake, did you have any thoughts? Yeah. I think it's really hard to gauge. And I think that Satoshi, the group of people or the individual who ever stood on Einstein's shoulders. So Einstein, you know, relativity and then as he was dying, unified field theory and the things that he was able to understand and comprehend. And that was parlayed into what Satoshi was able to discover. But if I get like really, really macro and theoretical here, Satoshi is all of us. Satoshi is the one force of the universe and we've tried different names for it. God or Dao or Brockman, but it really is you. And we're all different planes of this energy. And really what it comes down to is that when you try to compare things that are uncomparable like this, you missed the big picture and the understanding of really, really what's happening here. And we are all this playing of this one energy. And that's why artificial intelligence research really hasn't come along that fast, that far. Because when we're trying to make intellectual artificial intelligence, we're trying to make a closed system with enough information to become self-aware. And we're increasingly finding out that that's not possible. That what we need to do is tap into this unified field or consciousness and then make a receiver and that that is what's going to be intelligent. And Tesla made a lot of research and discovery in this direction, but I think as we continue to understand that more and more as a society, the less will ask questions like this. So I think it's a great question because it leads us to think, but I think the answer of that question is more or less going to fracked, at least slip through our fingers. Fracked, at least slip through our fingers, a little bit of mantle brought there. And I would also say that Poincare deserves a little bit of credit as well for the discovery of general theory, I believe that was the theory of heavy objects. Einstein just kind of like beat him to it by publishing first, I think. So Aussie Bitcoin says regarding capital gains Australia lets you transact up to $10,000 Australian dollars of Bitcoin per financial year without having to make records of paying capital gains. That's really interesting. And you know what I'd like to hear from more people. You can check out the well crypto network subreddit. You can come here and you can post up. I'd like to know what the local laws are. And also don't just tell us the laws because obviously we can just Google those, but tell us your experiences with dealing with the tax authorities as well because every tax authority is slightly kind of idiosyncratic. Tim Frey, hey Tim, he says the whole reason they called it property is that you don't get to claim losses against gains. You are not allowed. For example, to sell a year, a two year old car and claim a loss against what you originally paid for it. It's property, not investment like a stock capital gains capital loss. Okay. That's interesting. So it looks like there are some pretty good tax advisors out there. And we have a comment from Muhammad who says should should the funeral I guess he's talking about how many be paid for in Bitcoin only. I think it would be a nice gesture. I mean, I don't know if we could force it or whatever, but I think if people want to donate to help cover the cost of his funeral or cryogenic process that that would be a very nice gesture. Yeah, very cool. Okay. What have we got all so in my Twitter feed. Did you just find a use for the silver bullet, Mr. Car. Very good memory. Yeah. So Tim actually gave me a silver, silver bullet. He was handing them out of pork fest. And of course, I've still got it on my desk here somewhere if these goggles weren't so steamed up. I pick it up. So it's time for your story of the week or your predictions. You know, the thing you never prepare for in fact now come to think about so busy with the script. I didn't even prepare for our embarrassing. Anybody have a story of the week. Blake Anderson, I bet you do. I was speaking to the free Ross defense fund today. And they were asking me about advice. There's a Twitter handle Satoshi zero zero zero zero zero one. And he was going to collect some money for the money. So money for the free Ross defense. And he said all the money I'm collecting goes to Ross's defense. And it kind of feels like, you know, well, I'm going to collect a whole bunch of money for Ross and I'll make sure they get it. So unless he contacts Lynn or somebody in the defense fund, I would implore you not to donate there expecting for it to go to the free Ross defense in the campaign. And in case you don't know what I'm talking about Ross, all brick has been charged as being the dread pirate Roberts who was running the Silk Road. And they are just dumping all of this exploration on him. They're dumping all of these charges on him and trying to intimidate him into pleading guilty to use him as someone that they're going to say, if you make an online market with free exchange, then what happened to him is going to happen to you. And of course, we already have a Craig list and things like that. So it shouldn't be that hard for them to figure out what's going on. But for whatever reason, they're trying to pin everything that ever happened on the Silk Road onto Ross. And they don't have really good evidence. And the evidence that they do have is a violation of the fourth amendment. So if you're not familiar with the Ross Albrecht case, I would familiarize yourself with it. And once you are familiar, please donate through anybody that's not associated with the defense fund. Yeah. And I put up as you were talking there, Blake, I put up the free Ross Albrecht legitimate bit when address that you can donate to. I'll put it in the description after the show. And this is the website. You can see they made quite a lot of money already. It was about $51,000. Oh, no, actually in total, that's just that one address $130,000 over quarter of a million dollar goal. I met Lynn at Fort Vesui. We spent a lot of time talking philosophically. I mean, I've made my views very plain. Don't dare compete with the government or they will get angry. You know, you've got what is it? $26 billion cost of the war on drugs. I thought wars were supposed to end. Well, no, apparently not this one. Apparently there are too many military contracts that need to be paid. And then along comes a hacker. And he just makes a Craigslist site with a reputation system like eBay and takes away the majority of negative externalities of the drug trade. I mean, this guy should be here. I don't know if he did all that other stuff, but I think it's highly suspect that they keep dropping those charges of those other things. Obviously, we'll have to wait for the trial to come out. I wasn't there. I didn't see it. But assuming that, you know, whoever dread pirate Roberts was whoever did that original innovation deserves to be heralded and actually is an example to citizens everywhere. Any other stories or predictions of the week? Go ahead. Yes, I wanted to add on to Blake's point about Russell Rick's case. There were other people who were caught up in the Silk Road thing too. There was actually someone participant in the free state project, which is a project in New Hampshire that's trying to get 20,000 people to move to New Hampshire to influence the political scene. His name was Andrew Michael Jones, who's actually in Virginia. He was arrested along with a lot of other people involved and they're trying to raise funds for his defense too. So I think it's important to keep in mind that Ross really needs help. He's facing the kingpin charge, which is the most serious charge, but also looking to the other people who were involved and caught up in this too, because they're being charged some really ridiculous things and their lives are at stake as far as, you know, being thrown out. They're all facing very serious charges for it, which could be considered heroic acts. So look into Andrew Michael Jones. They have a. You can donate to help him to he has a defense fund. He's taking Bitcoin and credit cards and PayPal. So definitely look that up. It's drused fence.org. It's a fundraising site. And I definitely get informed about the others for a vault because it's swept out quite a few people, including Ross. Very good. Christophe Atlas. Did you have something? Yeah, a couple stories briefly, but I'll just also say assuming of this the to she person who I wonder if it's Benjamin Lossky is stealing from the Ross Lurberg campaign. That's a pretty shitty thing to do. I remember a free aid got hacked and a bunch of their funds were stolen. And it's hard to be more of a douchebag than to steal big coins from a charity or from someone's defense fund. I mean, come on people really that's that's pretty damn CD. You know, at least steal it from at least be the Robin Hood and steal it from the you know the wealthy fat cat bank or something like that. I'm sure they all have stupid passage for their bank accounts and you could go in there and get some box. So go do that instead of picking on charities. That's just that's just weak sauce. Two stories for me. One is that recently there was a new privacy centric coin called Bitcoin dark, which so far I think is the dumbest name for the privacy centric alt coins, but the technology is interesting. They put out a white paper and started going through it. It's pretty cool. Potentially the technology could be adapted to Bitcoin as well and I'm particularly I'm always really interested in those those alt coins that whose technology can be adapted to Bitcoin without these kind of like major changes to Bitcoin or can be layered on top of Bitcoin. So that's pretty neat. I myself I'm finishing up my review of dark coin and right now I'm working on kind of a document or a white paper or whatever you want to call it just kind of discussing my findings for the design of dark coin and its privacy technology called dark send plus. And hopefully that will be going out in the near future as well. And then I'll be wrapping up the code review finding shortly after thereafter. So for those that are watching and interested in update in the dark coin stuff that's that's what I got. Very good. Money. Go on. Nothing for us. No, no, I'm baking over here. I'm melting. I'm sure these goggles. Man. How he does it. But I like it. Blake. Oh, sorry. We've had you like sorry. The I want to go again. Okay. You can. I just want to say I'm going to be this good. Oh, tell us how the dough is part of things. I do. I wanted to say. I'm going to say. Money. Go on. Okay. I have a guest who is kind of near and dear on my show next week. Faris stay for road from the women's annex. I absolutely love what those guys are doing for after any women. Again, going back to, you know, the Navy seals and the it's found that the educated women will not send their sons into this hall of that. Right. So anything that we can do to help educate Afghani women in business and Bitcoin in anything I think is really a step forward. So that's my show next Thursday. New. And what channel is it? The world's network. And it's my very good. My. My. Just money as well. Very good. Very good. So we heard that the burning man Bitcoin tent or whatever is been taken over by Dogecoin and well, it's created it into a kind of Doge party. And if you head over to dogeparty.io, you can create your own crypto assets as your own tokens. And you can be the authority of these tokens and you can be a dictator and do whatever you want with it. So in the sense we've been discussing a bit shares and all that. I decided to make a very smart token. It's called a bot shares X. And as you can see, there's this little thing moving that means that some are being moved around the network. So you got to get them while they're hot. If you post your. Doge party address. I'll give you some free for now. They might go up and value the. Can I. I'm sure that I'm ready to. What now? It wants to show the naked. I want to show it the naked. I'm just teasing. I would never. Hey, you're free to get naked and I'll give you some. You know, you can do the short naked thing. You know, and I'm going to make a bot shares X wants to announce a partnership with a bit scares and a bit lobby token, which also is in the move right now. So you've got to get some. And if you want, you can also get some noise or some Theo token and just post your address and I'll give you some and but. And depending on how I feel, I might send out dividends. You just come down here and you can send dividends out to the people that have your cool crypto asset. And all of these are not normal assets. These are smart assets. So keep that in mind when you give. Can I make one that's like singular and then just trace it's like exchange around the net and see who has the one coin. Would it work with that? Well, you could, I think, well, you'd have to pay fees, I think. So I don't know if that would work, but you could make it up on it. You could make one and have it divisible. I don't know. You can also make it callable. So you can say at a certain date that you'll buy it back for a certain price. So yeah, so you can be your own regulator here. And this is if you're going to be your own regulator, then you should just do it with your own little crypto token. It's like an intendo, like an intendo, like a super Nintendo, a lot of people that was that what I was going to say too. And then like I'll recall it for like a real life adventure game. And you can you can mismanage people's expectations. You can pump the market. You can ruin families. You can do kinds of shit with this. Exactly. It's great. So I, I've burned it into the dough party system, but it wasn't ready to show. So I was just showing my wallet. You can I can prove that I'm the dictator of those tokens. I've already burned NYC X because if you put X on the end of something, it's cool now. That's right. And NYC was already taken. So I'll give those out to Fendingland Postes their doj party address. I think a Benjamin Loskey absolutely should create his own super Nintendo Loskey coin on the the doj party now. I can leave Bitcoin alone. Yeah, regulate his own see how it works out. See how it go is see how easy it is to make a currency that goes all over the world and starts being used and then have somebody come in and then as a third party unelected official come and try to regulate it. See how he feels. Great stuff. Right. I did come up with the story. Actually, this was going to be issue number five, but wait off. I don't know where to start with this man. All right. So Dan armor a bit shares announces some sometime on the 15th. He says that he's going to do a partnership with Ethereum, which is the sexier Bitcoin 2.0. They had way more PR funding. They had way more kind of like, you know, hype and and pizzazz around it and they kind of stole a lot of the thunder. So he kind of let slip right that it's like, oh, yeah, we're partnering up, you know, me and Patatica really cool and shit. And then he had to make like an apology. In fact, it wasn't even down. It was someone else and so bitch shares guy here. Sorry, we call such a stir. We are not evil or greedy. No one said you were made a dangerous sucks at PR. And I love this right. So he basically looks at this picture. Look, we do like each other. We're playing crazy golf. It's like we're all friends. And you know, everyone shines in. It's like, no, look, it's all open source man. It's not zero. Some we can all profit from this. But yet again, here's another post that's come up in the last day. So anyone watching the bit shares webinar right now, we did not endorse or partner with bit shares as an organizational project. We simply express that willingness to share information and work together on common problems in from friendly terms basically, which is mates. And we're going to talk about some code. Maybe we can talk about some Python or maybe we can talk about some serpent, you know, just over beers or something. We never actually said we were going to partner. Yeah, so I think what we are my prediction is that, you know, everyone struggling right now, the price is being propped up by hotlers. Hotlers like you and me who just buy and we believe in this thing and we're not selling. We refuse to sell. And I used to Bitcoin 80M today, but just to test out for a friend. Otherwise, I'm pure and virginal. I haven't sold any Bitcoin once in crypto. Stay in crypto in my opinion. And just use it to buy real everyday things like food and fuel and entertainment. You know, the kind of stuff we actually need so that we can stop using the dollar cross all the time. Groceries, absolutely. Yeah, give it away to the uninitiated as much as you possibly can so they have a material investment in it. Absolutely. Yeah, but as I said on Megan's show the other day, the thing you need to be stacking right now is trust because when demand for money goes through the roof, that's what people are really craving. And when they can only trust something as basic as a line item on a balance sheet or as a liability as we like to call it in the banking sector, apparently. Then you know that reputation systems are at all time lows that they are very underestimated and you should go out and make friends and be communal and stop trying to get rich off of other people's vulnerabilities. Well, it looks like we're out of time. Until next time. Bye. Bye.