#66 — The Bitcoin Group #66 – Google Play Suspends Mycelium Wallet – Hong Kong Considers the Banhammer ...

📅 2015-02-14📝 6,318 words

The Bitcoin Group, the American original, further the next 10 seconds, the sharpest Satoshi's, the best Bitcoiners, the hardest cryptocurrency talk. This is not the final episode of the Bitcoin Group. Joining me today on this all-star panel is Derek J. I'm sorry, is it Derek J? I'm sure it is. Hey everyone, how you doing today? All right. And Will Payngman of Topiki.com. Hi guys. Thanks for joining us. And I'm MK Lord's filling in for Thomas Hunt, who is battling a Minotaur to avenge his father. Moving on. Issue 1. My Sillium's Bitcoin wallet suspended from the Google Play Store. The popular and intuitive My Sillium Bitcoin wallet has been removed from the Google Play Store, and after submitting a beta version for testing, Google says it was a violation of their terms and conditions, but the developers disagree. Some have mentioned that the transaction fee that goes to the miners is to blame, but Google is being quiet so far. How will this affect the My Sillium wallet? What are your thoughts? Derek? So there's a lot in this. First of all, I just view it as a simple mistake by Google. Like, there are monoliths of a company, and sometimes they have to err on the side of caution. If they heard that they were violating, that My Sillium was violating the terms of service, it would be a prudent move to just take it off the market, wait for things to get sorted out, and I think that's what they're doing. But I think they also made a mistake in doing that. My Sillium is not violating the terms of service, and even if they are, their wallet app needs to exist in a way that Google should just change its policy, if they are violating terms of service. There was nothing nefarious going on. If anything, it's probably having to do with the ad hoc economy that My Sillium provides, you can buy and sell and trade Bitcoin with other people in your area, in a pretty cool and innovative way. It's like an alternative to local Bitcoins. Anyway, this is an awesome opportunity for My Sillium to get some news coverage to bounce back and be like, we're back, and we've changed our name. We're no longer My Sillium, which was impossible to find and tell people about, because by what? I don't want to download that. That sounds like a virus. So now they can be like simple wallet or something really easy and friendly sounding. And it could be a good opportunity for them. They can spin this into something positive. It's not a virus, but it is a fungus, and it is hard to spell. Well? That's a good one, Megan. Yeah, I don't think that they'll be rebranding, but it certainly is caused for, you know, consideration for Google to look at their terms of service. I wonder the same thing there that maybe this had to do with the local trader's part of the app, which is their local Bitcoin sort of copycat kind of thing. But I don't, you know, just in thinking about this, I don't think that's it. I looked in my My Sillium wallet on my Android tablet to look around and see what could have possibly gotten this wallet pulled. And I think it was maybe in the settings, there's a section where you can donate to My Sillium, because they're an open source project, because they're in beta, because this is like the culture. This is like software building culture and global internet, you know, propagation type of thing. You know, that's kind of the culture, especially in Bitcoin. Everyone's throwing up their address and their signature on message boards. And now with Change Tip, of course, there's all kinds of activity there. So I really think it's probably because they're domiciled outside of the USA. They're an international company. And they're, you know, at least in Google's eyes, maybe looking like a charity, and they don't have a 501c3 or C6 or whatever. So, you know, that probably is my guess for why they got pulled. And I imagine it'll take, you know, some kind of herculean effort beyond just pulling that feature to get back into the Google store, you know, just to get back in good graces with Google. There'd probably some sort of hoop they had to jump through, who knows. But yeah, I think my Celium will be back and intact. And they've got some cool things in the pipeline. If you're paying attention around the Miami conference, there were some sort of rumors and things hinted at and some cool hardware display down at Miami. So if you're down there and you got a chance to see a sneak peek at what my Celium has coming beyond just the entropy paper wallet printer, dongle, that they have coming out soon too. So my Celium's here to stay. Everyone, you know, relax. You know, Google, maybe that's the techno behemoth that you are, get hit with the times, and maybe start participating in some of these online communities and realize that this is normal activity. Good points. Thank you. See, issue two. Mycoin customers report $8.1 million in losses to Hong Kong police. Hong Kong authorities are investigating the collapse of the Mycoin exchange, which resulted in the loss of $8.1 million with estimates as high as $387 million. They suspect the exchange was a typical Ponzi scheme with investors being told that they could earn back their investment by bringing in more clients beneath them. The investors were furious and contacted Hong Kong lawmakers, some of whom joined the ever growing course of people wanting to ban Bitcoin. Will Hong Kong ban Bitcoin? Is a threat of corrupt exchanges real enough to justify government protection? Will? No, I don't think Hong Kong will react by banning Bitcoin. I know they issued a warning to Hong Kong residents and consumers that, you know, to beware of Bitcoin. But, you know, that's kind of, you know, are for the course. This, we're going to see a lot of these companies continue to show up, offer something too good to be true for some reason, get it over on lots of greater fools, and hurt them. And, you know, this, this kind of thing will continue to go on probably until there are some really entrenched solid, well-known businesses. So this is just kind of, by or beware, you need to make sure that there's a physical address associated with the company you're doing business with on their website. If you're not familiar with the Bitcoin ecosystem, definitely make sure there's a physical address, make sure there are people's names kind of look deeply because people can take two years to create an online identity with a profile. And, you know, keep that profile active for like a year to years. It looks like a real person who just got all these websites to, you know, profiles two years ago. And, really all it was is a sock puppet, to jump on the scene with some business opportunity and take all your money and then, you know, go off into the wilderness with your money. So make sure you vet these things, make sure you vet these businesses, talk to, you know, go on forums, go on the troll boxes of these exchanges, find out what people think about these other companies. And, there's too many solid companies in the space right now who will survive more than likely. And, just do your business with them. There are so many features on the market these days. If something's too good to be true, it probably is. Derek? How embarrassing for these customers to ask for the government to ban something that they were just investing in without caution. You know, it's about personal responsibility with investing. There's risk. That's why there's reward. And, it would be silly for an investor to think that he could get reward without risk. So for him to have store feelings about, I mean, of course, this is fraud. This is not the typical way to lose in investing. However, the principle remains that you're responsible for your own investments, you know, buyer beware. This is age old wisdom. And I want to just read one of the quotes from the CoinDesk article, which may be laugh out loud. This is from one of the lawmakers in Hong Kong who said to the people, quote, it's simply not enough to just ask people to exercise caution when investing. It has to ban the circulation of such a virtual currency in the market. You know, as if a ban for one single thing is going to solve the problem of there being risk in the world. It's laughable. Yep. Two diligence as usual and good luck banning Bitcoin. I don't know how that's going to work out for them. I do want to give an update, Chad crypto. Just commented my sillium seems to still be on Google Play. I just updated it. So maybe their decision was reversed. I may have missed that news. So a slight correction on the first story there. So moving on. For a moment, it's my understanding that for most apps that if you have them already downloaded that you're still able to update them, but new users who do not have the app or not able to acquire it. I could be wrong about that as well, but that's that's my belief. Okay. We'll look more into it. Definitely. Thank you. Let's see issue three. New York City Councilman proposes Bitcoin payments for fines and fees. New York City Council member Mark Levin is or Levin is introducing a bill on Thursday that would allow residents to pay for any fines and fees they owe the city using Bitcoin. This could include parking tickets, court fees and other similar charges. The Department of Finance recently discussed being open to alternative payment systems like Apple Pay and Google Wallet. The Finance Department noted that it collects roughly $600 million annually from parking fines and penalties each year. Gross. It seems like New York is rising up to the idea of making it easy for people to pay their fines in any way they can. But is this a good thing? Would you pay your bribes? I mean fines in Bitcoin or are you hot thing? Derek? Yeah, this is really interesting for a lot of reasons. First, most people don't understand how the current monetary system works. They don't understand what fiat currency is. Most Bitcoiners do, but not most people in general. That includes lawmakers. When they push for things like accepting Bitcoin, I don't think they see how much they're shooting themselves in the foot. Of course, it's just one branch of government doing this. I looked at the article that says that they would save millions of dollars in processing fees. I had to say, wait a minute. If that's just the processing fees, how much are they making? It says $30 billion in revenue. They call it revenue. It's really extortion annually. And that's billion with a B. So that's a lot of money that they say, according to Levina Slotmaker, proposing it, this would convey to the world that New York is on the cutting edge, which again is laughable. It's good for them that they're willing to embrace this currency. Obviously, if people want to use it, the option should be available to them. But then again, he says that it would take about a year, maybe six months, as fast as six months for them to begin accepting it. Of course, most business people or mom and pop shops can set up a Bitcoin while in a matter of minutes. So I'm curious what's going to take them so long. Maybe they have to build up the bureaucracy and open a few new offices in order to accept Bitcoin. But no, it doesn't. It's not something that attracts me. I don't want to spend my Bitcoin and rewarding the state. I want to keep my Bitcoin from them. And if I even choose to pay their fines at all. Well, yeah, so I don't know how they're spending money on processing fees. Maybe they are. But every time that I have to pay the government for anything, a parking ticket, traffic ticket, you know, any sort of fine or levy or anything. And I want to pay an credit card, whether in person at the courthouse city hall or online, there's always a processing fee in addition to the fine that because I'm using a credit card, of course. So that I always assume, and I could be wrong, but I really think this is probably accurate. They were passing their credit card processing fee along to me. And if you think about any other small business or any other business that they assume the credit card processing fee, and because otherwise, they, you know, the credit cards wouldn't be convenient for customers. Customers would go elsewhere, and they just can't afford that. They need the business volume because of, you know, most of these retail shops are very low margin. So the state is not low margin, you know, they have, I know we can talk deficits and debts all we want. But, you know, whatever their overhead just inflates to match the increased budget that they've been a lot ahead and whatever revenues, quote unquote, that they have been able to acquire. So, you know, if they have a surplus, the next year, they're going to not have a surplus, right? So, yeah, it's pretty ridiculous. I, UPS, I know they're not, it's a private company, it relies on the state for much of its business, but it's certainly a private company. They showed up and they wanted to deliver something from Canada. And the person sending it to me didn't pay the, I forget what fee it was called, but it was like a $35 charge to, you know, for customs or something, right? That probably the person who sent it to me didn't know was, was part of the deal. So they wouldn't take a credit card or a debit card and they wouldn't take cash. And I asked, you know, I'm just a pesky big coiner, right? So I asking the UPS guy, why you won't take cash? It's because, you know, they want drivers with cash in their pockets because it's dangerous. And they won't take credit cards because of the fraud, right? That because of chargebacks. So I'm like, I kind of bit my tongue and I said, well, I don't have a check or money order to give you today. So you'll have to come back and he brought it back and I went and I actually had to go to the bank to get a counter check because that was cheaper than a money order to be able to pay for my package. So this is kind of the quandary that we're in here with all these services. It's not going to take them six months to do anything unless they think that it's like setting up a credit card processing infrastructure, which might take several months for a bureaucracy. But Bitcoin is much different as we all know. So yeah, it's interesting. It raises the profile of Bitcoin. It certainly does what the lawmaker said, you know, showing that New York City is forward thinking with technology, trying to be out in front of things. But really they're trying to be out in front of things to slow them down and they won't be able to do that. So it's hard to communicate to folks that there's already privacy assuring payment technologies where you won't have to worry about identity theft, you won't have to worry about drivers carrying wads of cash and so on and so on. So we're here. They just need to catch up. Yeah, it seems like they're playing both sides of this thing and it's really kind of evil genius if you think about it, but I won't be giving any of my Bitcoin to the state. They already take enough of my money. So all right, next issue. Bitcoin, okay, Thomas Hunt of the Bitcoin group hold on, let me start the screen share. I'm not as smooth as Thomas. I'm just filling in. All right, BTC jam hires a new community manager and that's Thomas Hunt of the Bitcoin group turns out he's not fighting miniatars after all. So this is a very exciting development for one of our own and he's quoted as saying I'm excited to start a new challenge with BTC jam and look forward to working with the team to further develop peer-to-peer lending and spread the word about Bitcoin globally. Congratulations, Thomas. That's awesome. And as a result of this mix up Derek J and I will be swapping hosting duties for the Bitcoin group this month. We wish Thomas the best on his new endeavor. Does have any comments? Yeah, I'm super excited for Thomas. You know, I know this was something that he wanted really bad. So I'm really glad that they got the right guy. He's going to do great things for BTC jam and I don't think he's going to be able to completely leave what he built here at World Crypto Network. So I'm sure everyone in the audience will, you know, don't sweat it. You'll be seeing Thomas. I'm sure pretty regularly and good luck Thomas. You're going to do great things for that company. We're here today continuing the Bitcoin group. The fact that the World Crypto Network continues to press on is a tribute to Thomas's dedication and his abilities in this area of community organizing. So I wish him the best and we will continue the Bitcoin group each week with big smiles and hope that he can join us again soon. Thanks, Thomas, for giving us this opportunity. So let's see moving on issue number five. I think you guys are going to like this one. All right issue five. The Silk Road 2.0 database is up for grabs in the first dark leaks on auction. Bitcoin talk user SR Douglas announced on Tuesday the sale of Silk Road 2.0 data, including information on 476,122 Silk Road 2.0 users, 51,490 deposit addresses, 7700 plaintext passwords, 13,280 deep web product listings, 52,481 private messages, 145,493 market transaction records, and the entire Silk Road 2.0 source code. The Dread Pirate Roberts will be doing this sale on dark leaks, a distributed information platform that uses blockchain technology to verify secrets and sell them to the highest bidder. Now the author of this article on medium.com is Andrea Castillo, formerly interviewed on crypto combos, and she explains dark leaks separates the leak into 100 segments and encrypts it using Bitcoin blockchain. The private keys of each segment are used to create a public Bitcoin key that controls the leak, whoever learns the public key can access the content. The encrypted files and Bitcoin. Dark leaks is trustless but raises questions about the morality of sharing certain secrets. Developer Amir Taki has said that only the powerful have something to fear from information freedom, but Castillo points out that dark leaks is a tool that could be used for the more powerful against the weaker, like activists whistleblowers and spies. What are your thoughts on dark leaks and information energy? Derek? I don't know what that term means, information and energy. To me, I guess that would be information freedom, and I'm for it. I'm a very public guy. I live by example in this respect that I have no secrets in my open book, and I think that that's the way the world is moving. Because of the information age, we have access to everything that we want to know, the finger tips. The danger here is that privacy is decreasing, and it's just going to require that people who want to retain privacy become a little bit more sophisticated in things like cryptography. There are just new tools that we're going to have to learn to use. My heart goes out to people who are making mistakes in these early days of information freedom. This is wonderful technology. I think that there are some excellent implications that could result because of this. I could see a WikiLeaks 2.0 resulting from this, and creating a market for information is even better. It creates an incentive for people to dig in and find this information. For WikiLeaks, there's no incentive for people like Bradley Manning to go and risk his life and his freedom, and then have the rest of his life ruined just for revealing some very essential information to the public. But if they're perhaps rewarded financially for the information that they've revealed, then at least they've got some... At least they've got something good, some reward for their risk. I see it as overall a very good thing. I can see why people might be afraid of it, but again, if you want your privacy, there are going to still be ways to retain it. It just requires a learning a bit about some new tools. I certainly haven't thought this all the way through, but at first glance, I mean, all of these kinds of innovations that allow for trustless exchange or new marketplaces that are trustless or that are empowering for the week when there are many. These are all massively great things. Now, I'm going to have to maybe one of you two could comment more about... I haven't looked into it enough. I'm not sure how a tool like Darkleys could be used against someone who's unknown or a whistleblower. I'm not sure how that would work against someone like that. Maybe you guys could elucidate that fact. Yeah, Darkleys is cool. I am skeptical that this Doug is actually a former admin or whatever of the Silk Road. Clearly, the source code of Silk Road 2.0 is there, but that's not impossible to come across. These passwords could be from anywhere, too. There's lots of people publishing data dumps of passwords, not only in the Dark Web, but in the Clear Web as well. It could easily be parsed through to... Again, this is a good trial case for this technology as well. If the data is false, it's not actually from the Silk Road or the guy is a new ecseziase or whatever, then this could be a nice test for this technology to see if it can uncover that fact relatively quickly and dispense with that speculation. I'm interested to see. It's a very, very risky and brazen, incredibly balsy thing to do that this guy is doing, because of, as we know, how difficult it is to keep an online identity anonymous. He is putting himself out there in a way that I think it just to me, unless he's incredibly full of Hutzpah, that it probably is an idea to both test darks and maybe make some money on it, and also maybe distract a bunch of Alphabet soup agencies on some wild goose chase temporarily. That would seem to me the most obvious possibility, but who knows? We'll find out. Again, about my earlier question, how this could be used against a little guy, please. An example, Andrew uses in the article is in 2011, WikiLeaks published a bunch of undradacted diplomatic cables, and what it did is expose the identities of whistleblowers and human rights activists. That's one problem she did mention. A lot of this is hypothetical because this is something that hasn't been tried yet, but yeah, it depends. It's a tool, ultimately, so anyone could use it. So other governments could use it against, you know, governments could use it against each other, things like that. What are your thoughts, Derek? What are my thoughts on what, specifically? Can you think of anything where this technology could benefit the government against activists or against people on maybe weaker positions? Yeah, information is power, so if people are not careful, I mean, this is a real warning for do-goaters out in the world that if you're doing, if you're the Julian Assange of your day, then you need to spend some time learning about cryptography and privacy. Just a quick plug for a friend of ours, Kristoff Atlus, who wrote a book called Anonymous Bitcoin Book, and you can get it at AnonymousBitcoinbook.com. You know, that's filled with tools that people can use to increase their level of anonymity online. You're never going to be perfect. But yeah, that would be my recommendation, as it sounds smart. You know, I feel bad for people like Julian Assange, who's currently locked away, he's been in the Swiss Embassy for over a year now. I mean, he can only visit the world via hologram. That's a shame. So hopefully people like Dread Pirate Douglas are helping develop the tools for the 21st century of information leakers. I really see this more as a tool for freedom activists to reveal what government agents are doing, because freedom activists don't do very much in secret. We're often very public, but government agents are operating in secret. And it's interesting what the first leak is that it's the Silk Road 2.0, which for those who have followed the story know that was created by government agents pretty much from the start. If not having been created by government agents, it was infiltrated by government agents very early on. And so it's just a matter of fact that a lot of the web address or the, what do they say, the deposit addresses, the plain text passwords and private messages are going to be from government agents. So while that might not reveal much about their identities, it can reveal a little bit about how they operate and that could be studied and benefited from. Yeah, one other thought that I had if you guys don't mind. I'd like to see dark leaks as a vehicle for any information out there from anyone who'd like to help certain whistleblowers or activists or people who are borderline martyrs, you know, become exonerated perhaps. I mean, this could be the way because we know WikiLeaks isn't a perfect tool in this regard. You know, it has many flaws just to leave it at that. But, but this platform with its trustlessness and things like that could be a way for someone who knows something about, for example, you know, the still at large DPR who, you know, ostensibly has, you know, is in the clear right now with, you know, the 2.0 DPR and jail and Ross being sentenced to your soon. So I mean, if there's anything out there that could further implicate, let's say, I don't know, Mark or Pelens or whoever it may be who's still at large, you know, the real criminals, actual criminals who farm people or whatever, then that's great. You know, and we can exonerate some, some of these people who've had the rough shake, you know, to put it lightly. But that's a significant point, Will, because one of the frustrations I had with the Silk Road trial was that the government just, it didn't give evidence. It gave allegations and the jury just accepted those allegations on face because they came from the government. And this provides an alternative for that sort of trust where you just say, well, I don't know what's true. So I'm going to take the government's word for it. Well, we don't have to do that anymore if you can have a trustless system that uses cryptography and a blockchain technology to prove that the information is what it claims to be. So, you know, that's something that I would hope to see maybe even after the Silk Road trial, if we could, if there's a bounty for this information about the original Silk Road. And we could see some of the messages that the government alleges happened, but actually, you know, verify that they did or not. You know, it would be interesting to go back and see because I haven't I haven't shown any evidence to my satisfaction that Ross did what is alleged. Yeah, it definitely democratizes information in a lot of ways. And whether or not, you know, the justice system would end up using something like that. It is a tool that gives the people direct a direct link to the information and they can find it out for themselves. So that's an interesting passage. So one thing is I encourage everyone to read the article because she really looks into both sides of it. There are a lot of pros and cons, but ultimately it's a tool that has been invented already. And you know, it's out there now. So anyone can use it, you know, whether that's for good or bad. And as with any tool, you know, you can't really blame, you can't assign a moral value on the tool. So we'll definitely be seeing the consequences of this. It's already out there. So this is already going to happen, which I think is really interesting. I guess we're moving on to questions and answers. We have some good comments here. Another one from Chad crypto. Excellent. So they reverse the decision on my sillium. Just read their Twitter. Seems the donation button is what got them removed. They needed to prove they were a charity to have one. So they removed it and got reinstated. I've seen this with PayPal donations. So so that's good news. So yeah, so we definitely my sillium wallet is back and can be updated and yeah, it seems like they didn't like that donation, but didn't someone mentioned that was a was a will or Eric. No, that was will good job will. So good. All right. All right. And another one from infinite radio. Infinite radio says changing the government font will save a crazy amount of money to regardless. When is any savings by new government practices resulted in money in the average citizens pocketbook? Yeah, I really don't think they're saving money on transaction fees because those are deferred to us, you know, the person who's paying on those fees, right? So I really think that's what that is. I mean, and so you know, it's all just nervous. What sounds good? You know, I you could say a lot of nothing as a politician and get away with it. As we've seen from well, Bernanke was amazing at doing that. There are lots of others. Who just they get away with saying a whole lot of nothing and it sounds good. This topic of governments accepting Bitcoin in exchange for, you know, payment of fines. I think it's just so interesting that there's an economic incentive for governments to accept Bitcoin in a way they're admitting that it's better than their own money. That's a good point. All right, any more questions and answers? Didn't do like a last call for some questions here. In the meantime, definitely check out the Bitcoin group and World Crypto Network on Twitter, Facebook, Google Plus, and YouTube. There's a bunch of really good shows coming out of the World Crypto Network. A lot of independent journalists. There's such a good variety on there. So definitely be sure to check that out. Definitely donate if you support the journalism that you see. And yes, we can move on to questions and answers if there's no more audience questions or not questions and answers, but predictions or story of the week. So did something move you this week or did you get a prophetic vision of the future? Will Payneman? Actually, it's funny you should ask because I kind of did. I'm not following too closely the Bitcoin foundation elections, but every now and then it pops across my, you know, comes into my orbit. And it's interesting. Some of these candidates I wasn't aware of, but it looks like the two candidates in the lead are going to be very interesting if they put in. All of the agents who you might remember put up $100,000 bounty for a program that would replace the foundation, which ended up kind of becoming light. And then Bruce Fenton is up there in the top two pretty much. And he's, he's of course been very outspoken against draconian regulation of Bitcoin or just, you know, governmental overreach with regard to Bitcoin in general. He's been very outspoken against Benjamin Loskey really calling a spade a spade, which is courageous when you have a bunch of other, you know, maybe they're regrettable liquors, maybe they're, you know, maybe they're just happy lap dogs. I don't know, but a lot of people like praising this, this guy for just how man, I don't know if you've read the bit license, you don't need to, you need to hear me say anything further. But if either of these guys or both of them win, we're going to see a radically different Bitcoin foundation. A story that just came across my desk, I think it was yesterday, it was it was in the CNBC, actually, that the Bitcoin foundation is going to be focused on consumer advocacy and community outreach. They have a program where tally capital, which is flip filipowski and Matthew Rosak, who have been, you know, heavy investors in the Bitcoin space as well as the 2.0 projects. And Bruce Fenton really spirited this apparently, it sounds like and there's a couple other businesses bit fury, the mining conglomerate and bit go the security company, the multi sig wallet. So all of these companies are coming together to do something that Pamela Morgan and I were working on advocating that the foundation do a year ago, which is some community outreach with a comprehensive program. And so, you know, our effort didn't go through, let's let's just leave it there, but it's great to see that this is happening now. And if we see Bruce on the board with Olivier or Cody in there too, Cody Wilson, man, there's some, I think there's, there's going to be some shake up a lot more transparency. They might be able to rescue this organization and you know, and at least neuter some of its centralized properties, right. So, so that's very interesting to me. That's that sounds like it's a good, it's a good thing that's happening. It's not often I can say good things about how the how the community views the Bitcoin foundation, but I think the community might be able to see it in greater favor in the near future. We'll see. All right. Derek. I can't quite hear you. So, I had my microphone muted. This was alluded to in one of the earlier stories that we covered about New York. And it just had a one sentence blurb saying, oh yeah, also New Hampshire has a bill that's been proposed to allow residents to pay taxes and fees in Bitcoin. And that's true. I had some friends who went to the state house yesterday to go speak in favor of the bill. I also had one friend who spoke against it. It was interesting to see that some people have different perspectives on this. The one who spoke against it was opposed because he says it would grow the size of government. They would have to introduce a new bureaucracy in order to accept this. And that's true. So, anything that grows government is something I'm skeptical of. But also this is a positive news story because it makes New Hampshire, you know, all the things that were claimed by living in New York is also true of New Hampshire, except there's one advantage. New Hampshire is already considered and likely to pass a bill that would take all restrictions of government regulation away from cryptocurrencies, all cryptocurrencies. And that's really important because in a place like New York where they're saying, oh, we want to show that we're cutting edge because you can pay fines in Bitcoin. But also they heavily regulate businesses that want to develop new technologies and services for the Bitcoin space. You know, it's a mixed message like, okay, yeah, we'll accept your funny money. But also we need to wag the finger of government at you and make sure that you're obeying all of our old rules. It doesn't make any sense to me. New Hampshire has the right approach where the lawmakers are saying, look, we don't understand this thing. We're going to stay out of it. The government has no part in regulating a currency that it didn't create. You know, this came from the market and we're just going to leave it there. And we will accept it if people want to pay us in it. Why not? You know, that option should be available to people. It gives me a lot of hope for the future of Bitcoin businesses in New Hampshire. There's definitely a lot of hope for the future. And yeah, guys, this has been a great Bitcoin group and we'll definitely be back next week is not the last episode. We kind of joked about that last week, but the Bitcoin group is not going to be stopping. So thanks again, panelists for joining me and I guess until next time. Bye bye.

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