The Bitcoin Group, the American original. For over the last ten seconds, the sharpest Satoshi's, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists. Theo Goodman from Transmission Rocks. Good evening everybody. Blake Anderson from Facebook.com slash got Blake. Good evening everybody I've spent the last few hours huffing glue outside so I'm really limbered up and ready to talk. And I'm Thomas Hunt from the World Crypto Network. Issue 1. How fast can my computer load the other screen share? Pretty fast today. Issue 1. Wed Bush report projects $400 Bitcoin price by 2016. But the honey badger of Bitcoin don't care. Look what I woke up to this morning. Good morning Bitcoin indeed. Bitcoin climbed to $290 before retreating price movement continuing the run up after the Greek default. Blake Anderson your thoughts on the latest price of Bitcoin. Well I mean I think it's good that people are starting to say infrastructureally long-term Bitcoin is a very tenable network that will continue to grow in value as far as picking specific price points and trying to project out. I mean that just seems like an exercise in futility. But I think that they are correct and that's going to continue to have an upward trend the longer you go. Obviously the next big big event that we know is going to happen and when is the next block having in late 2016 early 2017 other than that there's things that could happen like nation states and fiat economies collapsing and going into Bitcoin. But we don't know if and when those things are going to happen. So I mean I don't think that Web Bush did a terrible job. They kind of got caught up in the trap of going into microarguments and justifications for things when really all you need is the macro information. What do we know? What are we unsure of? Let's combine those things and try to make a less specific target. I think that would probably be helpful. Theo Goodman. Well you know that's we're already at what to currently 288 at a bit finnex. So you know 400. It's not that far off from right here. But yeah I agree. You know calling a specific price target is pretty rough business like that. I believe they were you know analyzing whether it's a good idea to get this G BTC which is an over the counter share in very silver. It's trust I believe. So you know that makes it easier for some people to get exposure to the Bitcoin price. There's also another one in town that's traded on the Stockholm NASDAQ. It's XBT AB brokers or something I forgot the exact it has a long title. But anyway that's also been traded a lot lately. So probably the chances of those things going up is also pretty high. It's it's reflect it's based on the Bitcoin price somewhat. And I think 400 well why not you know I think the Bitcoin price today the rise was fueled by a lot of things. For example there's been a lot of DDO DD the NIO service attacks against a lot of exchanges lately. There's been a lot of craziness in the market. So I guess the volatility is back this morning or in European morning time there was a denial of service attack on okcoin.com. Nobody could get in there out of position in the price climb to around $350 on quarterly contracts which was like I think I don't know $75 move or something crazy like that. So that's pretty nuts and pretty weird at the same time as a denial service attack and there's been denial of service attacks on a lot of exchanges lately. So something is up. Exit question the price of Bitcoin is relevant or irrelevant Blake Anderson. Well let's come up a lot and a lot of people love to beat their chest and scream the price of Bitcoin is irrelevant it's useless what shut up about this. But that's not exactly true. Bitcoin is this magical medium where you have the computer science and the code that then also interacts with human culture and populace and biology and that the way that they're interacting is notable. It is interesting. So to say that the price of Bitcoin is never interesting I think it is not true. But at the same time yes the fundamental infrastructure of what this technology is is awesome regardless of what the price is. So I guess I can kind of see both directions on that. Theo Goodman. The price is definitely relevant without a question. I think to say it's irrelevant is just missing a big point. You know perception is everything and price has a lot to do with perception. You know that's a kind of phrase price in perception but it's true. And just think of all the means to the moon dumping pumping all that stuff what's it have to do with price. Absolutely. Moving on to issue two. Loading. Loading. Issue two Bitcoin charity auctions multiple Bitcoin charity auctions launched this week with BitGive celebrating their second anniversary with an online auction featuring signed books by Andreas Antonopoulos Paul Vignan and Michael Casey. An hour of Bitcoin discussion with AirBits is Paul Puyi or even a string of 20 Bitcoin keychains donated by companies like Zapchain, Person, AirBits. Bit now at bitgivefoundation.org. The second auction sponsored by the Crypto show is in support of Ross Obrecht and his appeal featuring signed items by Cody Wilson a thousand dollars worth of advertising on Bitcoin.com donated by Roger Vier crypto currency shirts donated by Julia Toranski and even a week in Costa Rica sponsored by Ross's parents. Bit now for the Ross Obrecht auction at thecryptoshow.com slash free Ross. Theo Goodman let's all agree that they're both great causes and that Bitcoin and charity go together like peanut butter and jelly. However in this binary world we must make choices. Which charity would you support and why? Well I'm going to go with free Ross but that's just because I haven't done any research into the charities that I would be supporting if I were to choose Bitgive. So I like to know what's going on and you know I'm a kind of skeptical person. I give you know Bitgive the benefit of the doubt that they're doing a really good job in picking the charities but I it's easier for me just off you know if I had to go buy an area on you I would just say okay I'll support the free Ross and that Costa Rica deal that sounds really nice. Blake Anderson. Well Connie's really nice I've talked to her a few times on Facebook and stuff like that so Bitgive is a great organization. I don't think it's fair in the context of my opinion to compare should be supporting them or you know all breaking his family I you know friends with Ross's mother and have been very very deeply moved by this case. So definitely I'm going to say that there's kind of a fire under one of these issues a little bit more and I think that is the Ross all-break appeal. It has a great deal to do with our you know freedoms and precedents that are legally set in this country so I'm going to strongly implore everybody to you know get involved with the Ross Auction to Domination as much as possible and then hopefully look into a bit give and other ways to keep up the good work thereafter. And of course you shouldn't choose just one or the other you should support both charity auctions and that's really what we're getting at here I'm trying to make you do a Sophie's choice by having to choose one or the other but Bitgive has done some great work with Water Wells in Africa and the Ross Auwbreak Foundation is working on trying to get Ross a fair trial so both very noble causes and support them in the links below. Moving on to the middle of the show and you know what that means. Advertising. Here's the deal I'm asking you to link your coin base or circle account to your bank by a hundred dollars in Bitcoin transfer it to purse.io import a wish list and spend around $120. That's it all I'm asking you is to put aside Bitcoin as an investment for a moment and spend Bitcoin. That's it that's all you have to do spend Bitcoin spend Bitcoin at purse.io Now is a good time to submit your questions to the Bitcoin group we answer all questions live if we have time if you ask them now if not no big whoop and don't forget to tune in to the World Crypto Network and try out our other shows like mad popcorns transmission rocks Bitcoin technical analysis this week in cryptos and more at worldcryptonetwork.com all right enough plugs let's move on activating screen share issue three uber says no rebellious car sharing software maker uber said no this week no to Bitcoin uber says despite online rumors mainly stemming from someone in tech support making a mistake and implying winking really saying that they were interested and already considering it which unless your company plans on going out of business in less than three years you'd better be considering it uber claims to not be interested in Bitcoin because of the complete lack of chargebacks the easy to use online nature of the currency and the lack of mobile apps like wallets that allow easy bank integration no wait those are all reasons that uber should be into Bitcoin Blake Anderson what's your opinion is the king of car sharing only pretending not to be interested in the king of decentralized distributed finance please don't tell me that in the future we're all going to have to take lift because it's really just not as good yeah I think you kind of nailed it on the end I think maybe there's a good possibility that they're just saying that they're not interested in Bitcoin at all because they're already in so much hot water with so many different jurisdictions around the world with what they're doing they are being very disruptive and a very very long standing tradition of taxi cab service and stuff like that and I mean uber is great I like them a lot I really was not happy that they completely changed their prices and pushed all of that under their drivers and and and absorbed almost none of it themselves that made me unhappy and I think that in this day and age when small goes against big in a in a tax sense big loses in a big big way and I don't know that the uber will always be what they are right now I think that they're in a very rare state of a rare situation right now so are they going to accept Bitcoin we don't know whether they are or whether they're not but like you said anybody that's not considering it within the next three years has to be completely certifiably insane and it would make so much sense if you could just use the same Bitcoin in America for uber travel to another country use the same Bitcoin in another country for uber you never have to convert your money you never have to worry about it there's opportunities for discounts yeah you can go around using mathematically provable scarcity everywhere instead of being like oh let me change my criminal note from this jurisdiction of jerks over to your jurisdiction of jerks no I got to pay a fine here and they took all my money at the border I mean who wants to deal with any of that stuff and as an app maker when someone travels to another country and they need to use your app why have them need to change anything why not just keep it the same it's one less step Theo Goodman your thoughts on uber and Bitcoin I think it really makes sense for their business so I don't really get why they're not doing it at this point with all the discussion about it maybe they kind of have to reconsider maybe there was enough you know storm that the rumor has become the norm and they're going to have to kind of just bite the bullet and start accepting it who knows maybe the whole thing is a publicity stunt I I didn't realize that there was actually someone from uber that actually started the rumor I really thought it was just Bitcoin trolls on reddit starting strange rumors again but you know if it maybe it was a guy from uber that knows that that's what will happen if he starts a rumor like that so you know it definitely got got some attention so uber you know take a look if you don't do it someone else will and I do believe the story was started in typical Bitcoin fashion someone who really believes in Bitcoin asked uber in tech support whether they'll take Bitcoin uber the tech support guy not his fault don't trying to do the right thing trying to be nice to us that kind of thing gets taken wholly out of proportion taken as a press release all these things I'm I worry for the guy's job I'm not sure he is still working at uber but hopefully there's other tech support jobs out there for him but yeah I mean it's just a leak and look at the reaction uber look at all the articles uber will take Bitcoin and then the next uber won't take Bitcoin and if you're in to press you know how to change that around you just make a day three story uber will take Bitcoin again exit question do you prefer the informal style of lift or the professional style of uber which is better and why and if you don't have an opinion on this it's because you don't live in a big enough city yet don't worry it will come to you or you will come to it Blake Anderson uber or lift well I was in San Francisco recently and I used uber quite a bit and it was a great great great experience I've never used lift before a long time ago I saw the pink mustaches on my Facebook and instantly for sook their entire plan because I just subjectively didn't like the pink mustaches on the cars that sounds kind of crazy but that's honestly probably the truth I mean I should now that I've revisited that and admitted that to myself you know go out and try lift but I never have it's usually around a dollar cheaper and you usually can tell why Theo goodman well I'll have to come clean and say I've never used either one but I'm pretty old school you know I've done hitchhiking I've done ride share before Bitcoin existed so I know the craft of ride share and how it works and what it's about and it makes total sense for Bitcoin to be involved you know it used to be you know a lot trickier you had to go on these weird forums online and figure out your ride share but it worked then and you know it's working better with these apps and lift and uber so I don't have an opinion which one is better I do like that uber is just taking on the big guy so here in Germany you know Germany said it's not allowed and they just said well we're doing it anyway so I do like that they're just kind of doing it anyway and trying to exist like that I think that's a very good way to do it it's a big risk but it's getting them a lot of publicity and if you ask anyone on the street I think maybe half of them or a lot of people know about uber even if they haven't used it yet so their time will come I really do prefer uber on the software side it seems like the uber matching algorithm works better perhaps they have a larger audience I'm not sure what it is but it really feels like when uber picks me up and we pick someone else up a few blocks away and then we travel to another location and drop them off a few blocks away from where I want to go it really seems like it works whereas lift many times I'll get picked up taken somewhere completely out of the way drop someone else off then go back to my route it's a huge waste of my time and the lift drivers and cars seem to be not as nice as the uber cars it is what it is uber's lift is a little cheaper so but it's not that much cheaper moving on issue four loading screen share issue four the unimportant of merchant adoption if you build it they will come has been the mantra of merchant first bit corners for a long time now powerful company like coinbase and bit pay have tried this strategy in detail even sponsoring major events like the bitcoin bowl to highlight and push bitcoin merchant adoption the only problem is they may have a lot of eggs but do they have any chickens what comes first total bitcoin merchant adoption or total bitcoin adoption should we spend our way to tba or should we just continue with emergent first strategy I ask you Theo goodman well you know merchants accepting it is very important because if I'm you know going to have a currency or money or whatever you want to call it and nobody accepts it well that makes it pretty difficult use case there so that's very important what I think is we need to look at how people can self discover bit coin use bit coin for self discovery how we can make bitcoin fun and let's get down and dirty and use it for something and let's experiment with it and people need to just get it in their hand and use it for something whether it's speculation whether it's buying bubble gum or by doing the revolutionary act of buying socks online with bitcoin then you know all of those are at least uses and you have done something with it so I think that uh you know putting things to the test and in practice is where the self discovery lies and we still need to figure out an experiment and figure out where that killer app or that killer use really is and still yet to be found I think Blake Anderson well you know I remember back in my day when I can only go and buy alpaca socks as you know Theo referenced or some you know high quality mdma off the silk road or whatever you would be into now there is massive merchant adoption you can get virtually anything you want I don't know if it's easy to get mdma with bit coin anymore or video you would want to but now you can go and shop on overstock which is really really really cool so I think that um you know america was founded on some of the principles that we want to drink whiskey and smoked tobacco and not pay taxes and let's you know go and be able to do that the silk road almost kind of seems like it was a good um beginning for getting a new currency off the ground and then like check out the killer use case for this you could do and buy anything you want it was like yes let's do that we've kind of moved beyond that there's enough eyes on the silk road kind of stuff and I'm definitely not recommending that at this point anybody go through you know poor exit nodes that are of you know unsure security and going by drugs online I'm not saying go do that I'm saying that that's where a lot of this stuff came from and now with wider merchant adoption uh we have a lot more stuff to spend it on so some people are unhappy because they think that having all the merchant adoption sucks all the money away from the savers because they have something to spend it on and the price goes down because the merchants liquidate but that hasn't necessarily been completely the case it's not been I think worth criticizing merchants over I think that Bitcoin flowing around is overall a good thing and I think that continuing along a merchant adoption path is actually not not a bad idea I think the real problem when you look at an event like the Bitcoin bull is that they did a great job with half of their project they went around asking a bunch of merchants to accept it they got them tablets they showed them how to use the tablets they did a good job right the other half of that is getting customers for those merchants now you might not think about it you might not be motivated to do it especially if like BitPay you've given up on the whole fee thing when BitPay was taking fees for every transaction they have in motivation to increase the number of transaction to increase the number of fees what they needed was a customer support program they needed everyone that worked for BitPay everyone that worked at Bitcoin companies to shop at these businesses Monday Tuesday Wednesday to go there for dinner every night to a different business to really give them the opportunity to know what it's like to have people actually spending Bitcoin at your restaurant at your shop and that's I'm going to be a total homeer here I work for a company that is involved in spending Bitcoin and that's my new theory on Bitcoin adoption I believe that we should spend our way to success if you think about it investing is hard holding Bitcoin is hard holding Bitcoin has security problems holding Bitcoin can go down in price now buying things what I'm asking you to do is easy you get something you want you get the money you convert it to Bitcoin you go to purse.io or another merchant you get a discount you buy your stuff you get it you're done it's not about an investment yes there are investments and that's a whole separate thing there's traders and all these things let's put that to the side what if we just started spending Bitcoin what if you just started buying everything that you need at Amazon at a discount through purse or at another company gift at any other company that sells things for Bitcoin what if we just start spending it I think it's going to work I think that there'll be a huge group of people with Bitcoin in their wallets ready to spend and then when the merchants see that they'll start accepting it is a different strategy but I think it can work and I've heard that echo from other people to kind of a blow-through strategy they want to purchase as much Bitcoin as they can and then spend as much Bitcoin as they can and rinsing repeat this often as they can to kind of act like a quasar in space to shooting out energy in both directions trying to make positivity so I mean I've kind of heard that before in the first I.O. if you're going to discount for spending Bitcoin I mean there you go and they sell everything on Amazon I know it's very plunky here but like I've been ordering all of my stuff on Amazon with purse since I started working there before I was too lazy I wasn't sure if it was legitimate I didn't know that it's mainly gift card usage if you really want to go through it yeah you can buy thing you can buy Bitcoin with your credit card but the main way that these people are buying Bitcoin is that they're stuck in gift cards and if you were stuck in gift cards you could trade it for some Bitcoin at a 20% cut and you could use the Bitcoin for rupees to pay your rent or to get food or something that you really need that you can't buy on amazon.com or it takes too long to be shipped to your location it's a great deal for you the person on the other side gets a discount it's a great deal for them we're using Bitcoin which is what Bitcoin's for it's a currency it's supposed to be used so when you're spending it I think you're right up there with Satoshi you're doing it right you're spending Bitcoin so that's why I'm going to be about coming up soon so hang on and help me spend if you'd like we still have a chance for questions and answers but we only have one so we're going right to it David writes greetings gentlemen any thoughts on the recent fireworks in Litecoin a 50% clobbering in just a few hours market liquidations of the proverbial bomb a Blake Anderson your thoughts on Litecoin's explosion upward and explosion downward well I mean yeah block having are a seriously hard core event in that supply and demand relative to economics are pretty well understood thing so what a block having is and then you give in cryptocurrency take Litecoin for example is the amount you know currency created with each block goes down because of the laws of supply and demand that makes the price go up etc Litecoin isn't bad or anything I had an epic debate with Adam Koch I should about it very very many years ago he was really really promoting it now it's saying well scripted charred the same thing and he's like well I don't know what that is it's like that's they're different and Litecoin is great Charles Lee is a great guy he's a friend of mine is a great financial tool for you know making returns and going up and down but I in my opinion it is not Bitcoin it will always have a fractional value that of Bitcoin and I think that the Litecoin activity is really really good I would just be worried that anybody would say oh just like Adam Koch I should did Bitcoin is my space Litecoin is Facebook that's that is not in my opinion the case I don't know how to really technically make that a tenable opinion of mine but I guess that's my opinion that that is not the case so one came first and the other one came second so they must be related right Theo Goodman your thoughts what was the exact is it about the price movement or just about Litecoin what's been going on lately it went around $1.50 to $6 $8 and then it went down to around $5.00 yeah well you know that's what trading will do and you know volatility is back I mean Litecoin started this latest Bitcoin rally just put the charts together Litecoin started going up I mean if it really started it I don't know but it went up before it was a precursor to the latest Bitcoin rally in the last two weeks so that is interesting and there seems to be a lot of volume in Litecoin now there was recently something a Ponzi related to Litecoin it's not Litecoin itself it just was someone that got a bunch of Litecoin and unloaded it or pumped it or something like that I don't want to get into the fine details but it is documented recently I think today on the BitMex crypto report which I encourage you to check out so it's bitmex.com I'm not associated with them but they do a really interesting website Bitcoin derivatives and they have a weekly report and they talk about you know technical analysis and what's going on in the markets and they were talking about this Litecoin Ponzi and how that probably affected the price so yeah a lot of people are getting margin-called forced liquidations when they're in you know leverage positions when there are 3x 10x 20x I mean look at these movements it's very violent out there ladies and gentlemen so hold on to your hats be careful and you know don't foma and I wanted to add that too I mean you're right the volatility really is here but I think that it's possible I want to get your take on this deal do you think the volatility in these cryptocurrency chains which really are you know markets that can't be cronied do you think that the volatility in these various different areas is a microcosm of the volatility that we're seeing on the global stage right now with China and with Greece and with Germany saying that we want to kick Greece out of the eurozone to put the fear of God into France do you think that all this volatility that we're seeing is as a result of people not knowing what's going to be going on on the global stage coming up here well it's definitely related we don't live in a vacuum you know it's definitely related it's not I don't think it's directly related like John is in Greece and is frightened and buys Litecoin I don't think it's like that but I think that you know people that are in the market see that as okay well that's something going on that's relevant you know we can see utility here you know let's get out of the Shanghai exchange that just dumped I think you know 10 market capitalizations of Greece you know and let's go into something else whether that's Bitcoin gold silver corn copper or I don't know what it could be but I think that definitely everyone is looking around and saying what's going on and what am I going to do about it and how am I going to hedge or how am I going to you know secure my capital and we have a lot of instances here where that's a very relevant situation so so you're in Germany and all the stuff is going on how did you hear about the trading halt on the New York Stock Exchange but was it last Monday I did I did hear about it I have heard about the reasoning behind it have you heard I had it I had a theory I have two theories everything I've heard about the reasoning behind it as a computer scientist to me is like that's not good enough and complete enough reason I don't believe what you're telling me that's pretty much been my experience so far there's one reason to shut down an exchange floor and that's to prevent catastrophic losses after what it happened in the euro zone in China just before this event I have a very very hard time believing that there was some kind of a technical glitch that just had to conveniently take stuff offline for four hours oh yeah I mean it's an upgrade glitch and they were trying to upgrade the market and they happened to break it as Blake said conveniently found when the Chinese stock market was dumping 10 graces so I was pretty incredible the other convenient timing yeah that just happens to be when we want to upgrade it's it's possible we don't know for sure what I wanted to say is that well my theory when I heard it was they either tried to upgrade to win upgrade to windows 10 or you know or the interns you know spilled beer all over the server or something like that now I think simple human error like that sounds you know like you said from a technical point of view it doesn't make sense well then I say okay it's either something really stupid like spilling beer on the server or trying to update to windows 10 or it's a conspiracy it's collusion or something like that just as a reminder I also noticed this week there was an article unfortunately I can't cite it that and I think we talked about it on Bitcoin technical analysis which you should check out every Wednesday on world crypto network is that the shares on the Shanghai exchange can just if your company you can say stop trading please press the button and then your share is just stopped so they don't have to stop the stop the whole market the companies it's some weird rule like they really shouldn't but they can or something like that what they're doing all signs of experimented in China I've heard I've heard something if a stock loses 10% in a day they'll stop trading right which means that immediately the next morning when that stock opens it dumps another 10% and gets stopped traded and it's just this whole thing where it can't let it out like if it's supposed to go down 30% it's going to take three days and it's probably going to go out 50% because of the enhanced panic of these frequent stops so it's they're just experimenting and what is China going to do I mean America is the giant black hole vacuum of consuming everything if America stops consuming it's bad for everybody because everyone is so used to just so many goods going there to be consumed so if that slows down with the amount of overhead that China has after pegging to the dollar for so long to get extra money with which they built extra gigantic cities that nobody lives in I don't think that they have the ability to go through and make sure that their social safety net is going to be able to take care of all these people after being so fast and loose and reckless and creative with their money systems I mean this is just to me indicative of a giant problem that is going to affect the entire world and I mean the supreme art of war is to fight financially and so if China's going down and they go down swinging it is definitely going to affect all the other economies so I think this is probably some of the biggest news of of the week is how China is faring through all this other geopolitical activity and remember the Chinese market is estimated to be at least 500 times over over valued so there's at least four more stock markets they could lose in this one and that's because of their inflation because of the sudden riches of their people and that all these people took their riches put them in the stock market pump this thing up like a balloon and now that balloon is five times over full so we lost 10% on that Chinese market I think maybe a couple days in a row like the O said it's 10 Greece's so it's the equal in size to the Greece catastrophe times 10 already and there's a lot of room left in that so so so so let's just really really quickly visit the damage that was done to sow so so many people by investing in property because of signals that are manipulable if we have mathematically provable digital scarcity if people can put their value into that and have it stay there and not affect our physical tangible resources here is that not one of the most important things that we've come up with in all of history I mean these are the kinds of realizations that Bitcoin brings to the table that your common person may or may not be able to put together right away but when they dawn on you when it washes over you you realize how how big of a transcendention of previous systems it was in 2009 when when Satoshi finished the white paper and that's how I feel also worth mentioning is that Bitcoin's locked to 21 million units so it's a deflationary currency when we see the Chinese market being inflated like this that's an example of inflation a Chinese share in let's say pretend Apple company like China this Apple would be worth you know five five times less than it was last year because of the inflation so people who hold things lose money people who are constantly buying and selling things do well during an inflation cycle whereas deflation over the long term rewards savers so it's a different kind of like suggestion to the market so if we can reward savers and not incentivize the hoarding of things that people need to survive I mean that's a pretty good day pretty good value proposition let's move on to just a few more questions before we go to predictions Bitcoin rat says hello and we say hello to you Bitcoin rat we'd love to see the rat at a meet-up soon I heard the rat was in San Francisco but he never came to any meet-ups and I don't know why they do that these strange companies that exist in the San Francisco Bitcoin space but don't come to meet-ups so come to meet-ups is fun let's see what else we've got Ivan writes I've been using purse.io for some time I usually stick with trying to get gift cards for 30% off it sometimes takes a while to get filled but for 30% it's worth it I buy most of my stuff from Amazon so I just put it in my account prime day is coming up to prime day is going to be a very cool day Amazon's basically trying to fight this new company called jet jet is going with a Costco type model for savings where you join as a membership and then they say hey we've got a great deal on Kleenex and you say hey I'll take that but you see how it's more but like they tell you about the deal whereas Costco you go to the warehouse and you choose Kleenex but obviously Amazon's very concerned about this warehouse volume deal store jet coming in previously run by the guy who ran diapers calm famously fought with Amazon on the price with diapers Amazon bought diapers calm brought this guy in it still wasn't enough from he still has a grudge he still doesn't like Amazon he doesn't like the way they do things and he started his own thing again so that's what prime day is about but yeah we do hope to get some of those discounted items on purse as well you'll be able to save 10% off the prime day prices and like Ivan says it's worth it to get 30% off maybe it takes a couple days if you want something quickly we have a 5% option purse instant but yeah too many plugs too many plugs but again I'm just I think that spending is simple I think it's easy I don't want to change your investment habits I don't want to influence your stock buying and trading but if you buy some Bitcoin today and you spend it for 20% more today you get 20% more stuff that's all I got let's see I wanted I want to say that I want to law school at Costco and use Costco is a pretty good place that's a good school my girlfriend flies airplanes there she's tarted but she's still a good pilot as he David says Thomas you're talking about limit down days there are limit updates too we have them in the futures markets gold oil etc I think that when I drop the 10% thing it's way saying so yeah they have that in gold and stopping the market is always good I think generally it gives people a chance to breathe slow down think about what they're doing but the problem is the the alternative when when they stop the market and people still come back the next day and they're like I have to sell I have to get out of this this is crazy well the I think the thing is that when the market stops that in and of itself is such a hyper massive signal that it can't be ignored which is why it's so bizarre and like it was a plan or not plan or some technical thing like we better figure it out and post exactly what happened I don't know let's see we have one more question then we're going to go on to prediction he says hi everyone great to see you this week do you know there's two episodes sevenies on the Bitcoin Group site I was like yeah there's two but they are different one of them is officially episode 71 and I changed it on the YouTube but I didn't change it on all the bloggers I'll try to change it later today but yes just it's the last thing I do in the script is change the number and write the thing so unless I go back and check sometimes I do two episodes are really also says what happened to mooc 3.0 session eight and that's a mystery for me because I'm not sure what you're talking about I do know that I still owe everyone another Bitcoin book club I never got to finish neural romancer my friend Nick that I was doing the shows with had a baby congratulations Nick and he's been very busy with the baby but I would like to get back together with Nick soon finish neural romancer for you and maybe do some other books I'm not sure anyone know what mooc 3.0 session eight means guys it's probably my first time the episode right in the strip tease with the ladies it's probably maybe he's referring to our famous drinking episode which was taken offline because of too much drinking anyway let's move on to predictions or a story of the week Blake Anderson are you ready with a prediction or a story of the week yeah I mean I guess I couldn't really keep my pants on for the whole episode but yeah the the geol political stage right now is just absolutely fascinating um yeah the euro zone is just a nightmare I mean like like what is the euro the the euro what is the euro well the euro was a fantastic experiment that you would think would have had people that have like economics education would be like no don't do that that's a bad idea you've got various different economies with different monetary and fiscal policies and you're going to have them all with one unified monetary policy and then fight about fiscal policy and then wonder why it works like shit I mean this this has been known for a long time and now we have you know grease being like we don't want to bail out we don't want any of this stuff anymore like no and they're like well you're still gonna get bailed out we're gonna shackle the chains of uh subjugation around your neck and you're gonna get bailed out no matter what well then now Germany pipes up and like hey we're like the biggest workhorse in the euro no we don't want you to chain them to our back like like no so this entire thing is just a disaster the likes of which um we're predicted by very very many people so you know hopefully people don't continue to listen to non-economist as experts anymore after this because that really couldn't have broken more stuff I was told the euro was a sandwich usually featuring lamb we have an update the analogy it was or the acronym from early was the university on nekosa mooc it's a masters of cryptocurrency and digital currency so just to think it's just a shout out to michael's university so glad to hear that you're studying keep it up I think everyone should learn about bitcoin although maybe not in such great detail but I think that over a cop for you too theo goodman a prediction or a story of the week um I guess I'm gonna go with a prediction and uh my so I am also gonna talk about you know the euro because everyone's talking about just like Blake was speaking about it and I like to explain it kind of like a party so think of the year everyone that uses the euro everyone's at a party and you know Germany is the big stakeholder and they're kind of you know running the party now if someone leaves the party then sometimes a lot of people leave suddenly and then the party's over you don't want that to happen okay so what you want to do is you want to get this guy you want to tell everyone no no no they're not going to leave they're not going to leave they're not going to leave even though you know they're going to leave and then when it's time you want to put them out the back door when nobody's watching okay or you want to you know put the black towel over their head and get the body guard to push them out the back door nobody even notices the problem is everybody is watching everybody is watching that's not it's not gonna work like that so my prediction is as long as everyone is paying close attention to Greece they're not gonna leave but if everyone's distracted by China's stock market crashing like it's never crashed before or something else like that then that's a good chance to push them out the back door and not everyone will leave the party you see what I mean you got to have you can't have everyone watching and then you do it in this big event I don't think that would be if I was you know the big guy in control I wouldn't want to do it like that I would want to have them go out the back door no one really notices and I think now what's going on is everyone is getting tired getting tired of hearing we've had the same weekend every weekend it's the same story it's kind of like apparent and the child you're gonna have to pay I'll pay I'll pay I'll pay I'll pay it's late now it's due nope you go to your room you're gonna leave nope nope I'll give you another chance next week you get another chance and then next week you get another chance and then it's never resolved so anyway my prediction is Greece stays in the euro until something happens to distract everyone very good the other one kind of distraction I mean are we talking like an actual distraction or like even like the walking dead premiere like what like how do you feel about that no no no no no entertainment distractions it's it's possible but I don't Europe need soccer so I don't see that right now you know Europe needs soccer or something or Olympics or something like that and that's not on the table so I think we're gonna have to go with a different distraction and or tiring people out it's already happening people are fatigued of listening to this same story it's a broken record they're not and so if they're fatigued enough that's also enough okay not as not so many people are watching you know watch watch pot doesn't boil and I think that's what we have going on right now very good and moving on to a prediction thick skins when the Spartans came back from war covered in cuts and bruises they healed and developed thick skins it's time for bitcoins to grow up and be ready because the future of bitcoin is as clear as the future and Frank Herbert's Ditzemünal Dune series we are the Fremen with our glowing eyes and the spice of bitcoin and our thick skins full of water we're going to need plenty of water because we've been walking in the desert for too long but don't worry we'll reach an oasis soon hope we're out of time until next time bye bye