The Bitcoin Group, the American Original. For over the last ten seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest crypto-crancy talk. We'd like to welcome our panelists. Theo Goodman from Transmission.rocks. Good evening, ladies and gentlemen. Will Penguin from Satoshi Social. And now Airbits, hello. I'm Todd his hunt from the World Crypto Network. Moving on to issue one. Issue one. Who owns and runs coin telegraph? Coin telegraph, who some would label the second most popular Bitcoin news site just behind the venerable coin desk, came under fire this week with a reddit post saying they were shutting down. A zapping question asking who owns them. And a mad Bitcoin's exclusive interview with former coin telegraph contributor Ian D. Martino where he claimed that coin telegraph was often paid to promote Bitcoin companies and may have even been owned or operated to promote Bitcoin and other early crypto-note coins. Theo Goodman, your thoughts on these shocking revelations? Unfortunately in our space, I'm not sure how shocking they are, but I think the extent to the story is a little bit surprising. The main point with your interview with is that there was a CEO that wasn't really the CEO. I think that's pretty surprising because I think a lot of people thought that that person was the real CEO. A lot of it sounds like a TV show or a movie, some of the things. There's this guy here and nobody knows who's the boss and sometimes we get paid this much and sometimes we get paid that much. Unfortunately, I'm not totally shocked. I think that if you do, it's okay to write promote companies on your website as long as you somehow market as a promotional article or market as some form of advertising that's just fine, but when you don't do that, then that's definitely questionable, you could say. These are things that have come out, but I'm not shocked. Will Pagman? Yeah, I mean, I think a lot of us have been hearing rumors about CoinTelegraph for many months now. I've been friends with a few of their writers who have written exclusively there and then decided to broaden their horizons and then leave all together many months ago, even. Of course, your interview with Ian kind of elucidated and Theo just pointed out, there's this person calling themselves CEO who doesn't have an decision made in our, isn't really a CEO and these writers, friends of mine, I'm asking. There's a CEO, what's going on? What's wrong? They're like, well, she's not the CEO or whatever. I don't know. I don't know what to make heads of tails of that, but it's always seemed very suspicious and just kind of goofy, like a TV show, like Theo points out. This is kind of, we're seeing this a lot. There are people behind things in Bitcoin who want to remain anonymous. There's nothing wrong with that. There's a great product that do that and have public representatives, like for example, Dima Mershik, publicly known as Rasa. He's the public face of the Mycelium wallet. It's not really a secret who's behind Mycelium, but it's really not public at all. This is kind of a thing and that's totally okay, but when you get into any kind of improprieties and of course all of these Bitcoin publications and not just Bitcoin publications, but others, they definitely take bribes for getting from companies. Outlet to push your press release, of course, there's above-board relationships like that and there should be disclosures, of course. But yeah, I don't remember seeing much of that from CoinTelegraph and they were always getting criticized. I didn't have too much of a problem with the reporting there, but I continually saw people on Reddit complaining about factual errors and just various inaccuracies and even people claiming that there's like amateurish behavior going on there. I don't know for sure. I don't know anything about any of that, but yeah, it's very weird. But again, we've seen these kinds of failures or just evaporation of businesses in Bitcoin before. So. And it is worth noting, Will, that it's okay to be an anonymous producer of a Bitcoin wallet or anonymous producer of some software, but it's really virtually unheard of to be an anonymous news agency. Usually you know who owns the New York Times, for example, you know who owns the Sacramento B. All of these media companies are very public and you can look them up and that has to do with trust. When you're trusting a news organization, it does make it easier if you know who owns it, if you know that they have some biases already. Like, more sacrament owns the US News and World Report. We can assume more has biases. He's a liberal. Those go do to his newspaper. Roger Ailes owns Fox News. He's a conservative. He's a conservative biases. This is what the ownership, knowing the ownership lets us know it. We did have some follow up stories that were from our Bitcoin. Let's see, oh, this is the wrong kind of screen share. Let me try this one more time. If it's time to bring in that up, I just want to point out, you know, there's, it's kind of a meme lately, but there's four to six. I think it's even down to like five or four major multinational corporations that own all media basically in at least the US, right? This is kind of a meme lately. And that's kind of like secret sort of control. You know, most people think that there's impartiality in some of the source, but really all left bias source and a right bias source could be owned by the same parent company, you know, General Electric and Viacom and Clear Channel and the list goes on, right? So there is some kind of, we're, you know, we're just now becoming familiar. I think Bitcoin's transparency brings this all to the surface, you know, the internet as well. Like the word gets out. There's only five multinational that own all the media, not hundreds of companies. So that is true, Will. There are only about five multinationals that own the media. I just think with Bitcoin we could do better. And especially the kind of people that we have in Bitcoin, they're more interested in decentralization. They're more interested in ownership. So here's a bit of what we learned from our Bitcoin David Bailey from BTC Media, who also runs Bitcoin magazine, says that it's not a conspiracy. He says that coin telegraph is owned by a Russian man named Dima or Dima and that he met him at a Bitcoin supper club and he was a nice guy. Jackson Palmer from Dogecoin also chipped in saying that it was majority owned by this guy. And it linked to a LinkedIn profile that was previously owned by a Russian man named Dima, who may or may not have deleted his profile. We also had an interesting piece of evidence sent to us via email. This is an altcoin promotion campaign step by step guide, presumably from CT. It says CT instead of coin telegraph, but we'll assume that's the same. And it explains how you sign a contract paid in your coin, coin telegraph and integrates your coin with one of its partners, casino platforms. Cointelgraph makes use of its social channels to promote the campaign. Note the heart. That means love. Users purchase a minimum of $10 worth of your coin on any exchange and make a post on social media linking to your site. Users then create an account at the casino or top up their existing accounts with a minimum of $10 in their relevant coin. Users begin to play at the casino. The user can cash out his coin if he increases by 10 times in the first month. If the user is unsuccessful and loses all of his coins at the casino, and as a result, receives a refund of lost coins, but to his wallet, no more than $100. So this is a pretty interesting campaign. Looks to be from Cointelgraph, but we can't be for sure on this. It just say CT. But it is interesting to think about the kind of pay for play type operations we have here where a company wants to promote their product. Maybe they have a great product. Maybe they don't really need to promote it in this way, but it's really hard when you're a company. I understand they probably want to pay. And it seems like a group like this may be offering them the chance to do so. We did have a follow-up interview this morning with a vendor smart who currently works at Cointelgraph. And he said that everything seems to be fine now. As a writer, he's been paid regularly and what he was agreed to be paid. And he's had no editorial control imposed on his article. So the new Cointelgraph may be completely different than the old Cointelgraph. But as we continue to get these reports, we're going to continue to bring you to them, and you can make up your own mind. You decide. We're trying to give you both sides of this issue. And if the owner wants to maintain his anonymity and be invisible, that's his option. We're going to continue to report on what everybody senses. Is it question? Who's more at fault? The companies who pay for fake stories or the journalists who print them without attribution? Theo Goodman. I think that it's hard to say who's more to blame, but I think that we need to remember journalists that are willing to do that, or also journalists that are willing to write for really cheap are partly to blame for this whole thing. So all you content providers out there don't let yourself get paid cheap. Will payment. Yeah, I don't know if I understand the question. I think who's at fault is whoever allowed their business to sign it as close to the root as possible. All right. Will, your audio seems to be breaking up. You might want to try turning off your video. That might increase your bandwidth level. But we're going to go ahead and move on to issue two, issue two, T zero. Overstock CEO Patrick Byrne continues to be the world's second greatest revolutionary, right behind Satoshi Nakamoto himself, launching a partnership this week with the industrial and commercial bank of China, the ICBC. The world's largest bank as well as five other banks to create what was formerly called Medici and now is called T zero. T zero plans to offer public and private equities as well as the ability to short all with blockchain based technology. Byrne himself during the live stream claimed that the technology would be ledger independent and did not name a technology partner leaving Bitcoin, Ethereum and counterparty fans wildly speculating. Still paying with your thoughts on Burnt's amazing new stock market machine. How my sound is this all right? Am I good? Sounds all right. Great. Yeah, I'm a big fan of this effort. I'm a big fan of Patrick Byrne's vision and his mind, his foresight. A lot of people, you know, I've been mentioning on this show quite a bit over the last almost two years that, you know, this is a guy who had foresight, the likes of which we haven't maybe seen since the Toshinaka Moto or you know, you know, all of the Wall Street corruption and naked short selling and all this stuff, you know, in the early 2000s. So his research really, you know, he was the most hated man on Wall Street for those reasons. And then Bitcoin comes around and he sees right away the answer to his problem. So good on Patrick. It's time to be losing your will. You're starting to speak in computer language. Theo Goodman. It's really a great innovation. I really like what he's doing. And I think that's kind of what Will was alluding to that, you know, he's the years ahead. So he's already been, he had the foresight to already be working on this for, you know, over a year. And I think that really shows a lot. And right now, you see a lot of banks saying, oh yeah, blockchain, that's kind of cool. We need to do it. Oh yeah, we are working on blockchain. But you know, he was already building this marketplace long before all of these other banks and institutions were even considering using blockchain technology to do it. I also think it's really interesting that, you know, they're explicitly saying we're offering, you know, shorting. So that's really good because you need to be able to go long, you need to be able to go short, you need to be able to do all the things you would normally be able to do. And now you can do it in a quote, honest way. So that's going to do away with naked short selling, presumably, and a lot of other things that are basically forms of fraud and trickery. And I think that's really good. So now we can have a real conversation. So this market is going to be an honest conversation because every market is basically a conversation and now we can have a real conversation. Well, go ahead. Yeah, hopefully this is a little bit better, but I just want to direct people to deepcapture.com. This is Patrick Burns early project in the early 2000s that was uncovering all of the Wall Street and propriety's naked short selling. We saw this coming way down the road when Bitcoin arrived on his doorstep. He realized the removal of the middleman and how powerful that was with Bitcoin and applying that to the Wall Street stock settlement process, which is incredibly convoluted. He does a great job presenting that in this announcement video. So go to YouTube, go find that video, and then realize how prescient this man is on deepcapture.com. All right. And that website again was deepcapture.com. Exit question, if Patrick Burns was John Galt and asked you to go away with him to a secluded mountain range in Colorado to work on projects to make the world a better place, would you go, Theo Goodman? Sure. Why not? Sounds like fun. I mean, I want to know a little bit more about the conditions of going to this secluded place in the mountains. But yeah, I would say yes. You get to share a tent with Patrick Burns himself. Will Penguin? 100%. Yes. The answer is maybe, but Colorado does sound nice. Full legalization. Sounds very nice. Oh, we should have a right page for the right page. Let's try this. Pick out the brand new purse.io where you can save 20% just for spending bitcoins. How do you support Bitcoin? I spend it. What do you think money is for? Spending. Spend your bitcoins today at purse.io. Issue three, Bitcoin can't be owned says Japanese court. Japanese courts made some major mistakes today as they misunderstood. Making that something cannot be owned simply because it is virtual or requires third parties to hold it to make its existence verifiable. Bitcoin is real. It can be owned. And Japan is going to have to change their laws because otherwise, Carpellis goes free. Mark Carpellis CEO of Mt. Gox, lover of cats, accused operator of a willy box that drove the price up. Currently, sits in a jail cell in Japan awaiting trial. People payment are the Japanese courts correct and if Bitcoin can't be owned, should Mark Carpellis be set free? This is a tough one because in my deep dive of Bitcoin, I started to realize that it really shakes the foundation of lots of constructs in society. I think one of those constructs is potentially the notion of property itself or how property relates to corporate personhood. I'm going to say maybe they're right but I don't think they're right for the right reasons. It's probably legal mumbo jumbo and regulations are tied up that are confusing for these people they clearly don't have the understanding that they require to prosecute this case apparently and hopefully justice is served on Carpellis. CEO, good man. Yeah I think that Bitcoin can be owned and they're going to have to figure out what's going on and just take another look at it. Exit question, putting this non Bitcoin ownership nonsense aside, the Carpellis verdict, forced prediction, guilty or not guilty, will payment. Well, Japan has notoriously egregiously high conviction rates so I'm going to say guilty. Theo, good man. Guilty. There is. The answer is guilty. Moving on to issue three, issue four even. There's some pictures maybe. Here we go. issue four, some would say that Bitcoin has a hoarding problem. In order for Bitcoin to truly become a currency, it must flow like the current. That's what the word means, currency, that which flows and Bitcoin is not flowing. Our large hoarders and companies designed to centralize Bitcoin, putting dams on our river of dreams, Theo, good man. Your thoughts is all we have to do to spend or is it more complicated than that? It's more complicated than that. That's the short answer. Of course spending is good and hoarding is good too because the less selling goes on, the less the price goes down. Yeah. I definitely think at this point it's good. I always encourage people to buy stuff. Buy stuff with your Bitcoin. That's always a good way to do it. If you were thinking, I want to sell my Bitcoin for cash, I'll just buy something. There's a lot of ways to buy it, not to mention the plug in the middle of the show. That's also a good way to spend your Bitcoins. There's plenty of ways to do it. You could also donate. There's plenty of ways to use Bitcoin. If you want Bitcoin to grow, then spending Bitcoins, giving Bitcoins away, that's what's going to do. Not giving a whole bitcoin. I mean, little bits to people. Spending Bitcoin is definitely going to make it grow. It might matter. You might say, okay, it depends on where you spend it. If you spend it, somewhere, and they're just turning it directly into Fiat and so on. Yeah, there's a point. I think right now, just spending it definitely helps the whole ecosystem grow. And for ever going to have a Bitcoin economy where people stay in Bitcoin, then people are going to have to spend. That's the only way it's going to happen. So hoarders, buy some. And remember, just because you spend your Bitcoins, doesn't mean that you can't buy it back. If you want to keep your holdings at a certain level, like five Bitcoins and you want to spend a couple, you could just go ahead and buy them back, put them back in your holdings, or just buy Bitcoins for the sole purpose of spending them. Don't think about them as an investment and the value going up and down. Think about buying them, spending them done. Will payment your thoughts. Yeah, so definitely think that hoarders have to buy Bitcoin in the first place in order to hoard it. So hold on, listen. It sounds very... There's a very sad dog in the hallway. I'm sorry, everybody. But yeah, you have to buy Bitcoin first if you're going to hoard it. So and also spending Bitcoins is great, but we need to close the loop. And there's a bunch of different ways to do that. One way is to pay your vendors and pay your employees in Bitcoin. Or if you have short, like long-term contracts, to price them in part of them or some of them or whatever. On your books, have it done to a country? I for one, I'm starting to question the value of this whole San Diego thing. It sounds like bad internet, loud dogs. I guess the weather's nice, right? At least the weather's nice. Well, we can't really hear you well. So we're going to move on. Exit question. What's the last thing you bought with Bitcoin? And what do you want to buy with Bitcoin that you haven't bought yet? Theo. I'm going to avoid the question and I'm going to say the last thing I did was I donated today with Bitcoin. There is a guy over at lab.im and he fell ill, covert patron. And he's a really cool guy. And just a few weeks ago, we were talking about how he could use Bitcoin and he already does homeless outreach in Cincinnati. And it was basically just explaining Bitcoin to him. And it was really funny. The first time I did a live stream on there, it was about Bitcoin. He came in the chat and he was really anti Bitcoin. He said, you guys are just talking about money all the time. What in the world are you guys doing? And I was like, okay, I get it. I get it. And I ended up talking to him and we got along really well. And now he's he's fell ill. And we've done a labathon over there at lab.im. There has been a 24 hour lab and people have donated Bitcoin. So that's what I, that's the last thing I used Bitcoin for besides trading. Very cool. Let's see if we can reach Will. Will, how's it going? It's going all right. Last thing I bought was lunch and then the thing I'd like to buy the most is a Tesla. A Tesla, no, no starting at the bottom for you. I think the last thing I bought was cliff bars, which I'm going to eat for breakfast. And I bought more oatmeal that I'm also going to eat for breakfast. That's what I'm buying next. So yeah, I'm just starting. When you start doing the purse thing, you start working down what categories of things can I buy? And I bought clothes and now I'm buying food. It's like pretty soon, you just start buying everything in Bitcoin. And I think it's a lot of fun. So we're moving on to questions and answers, but there seems to be no questions. So we're going to give no answers. Theo Goodman, are you ready with a prediction or a story of the week? Yes, I am ready as always, ladies and gentlemen, with story of the week. The story of the week for me is a theorem launched. But I think that was last week. But guess what? The website bitmex.com has now offered future contracts for Ethereum, the first ever futures contracts. So you can go long and short on Ethereum. I believe up to 15 times leverage or maybe 10 times leverage. In any case, it's the first ever Ethereum futures contract over at Bitmex. And I think author and Bitmex are doing a good job and that's a really interesting product. So that's the story of the week. Will Payman, prediction or story of the week? I think I'll go story of the week and tie a prediction to it. So story of the week, something I just learned that BitFinex appears to have pulled out of New York because of the bit license, of course. This is one of the biggest companies in the space, probably the biggest exchange. But they're leaving New York and my prediction is they won't be the last. And they won't come back either. Moving on, prediction. All you need is love. Can we just talk about this? Bitcoin companies continue to gather the ranks and circle the wagons as we enter into this intermediate period of Bitcoin history. But will it be enough? Can Bitcoin companies survive forever without profits? Can they survive without feeds? Will all the king's horses and all the king's men ever put Humpty Dumpty back together again? Oh, right out of time. Until next time. Bye, bye.