The Bitcoin Group, the American Original. For over the last ten seconds, the sharpest satosix, the best Bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Blake Anderson from Facebook.com slash God Blake. Hi everybody, thanks for having me. Toned Vays from Brave New Coin. Hi everyone. I'm Theo Goodman from Transmission Rocks. Good evening everyone. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Issue one, John McCarthy, presidential candidate and recent guest on the crypto show. The very same episode featuring an interview with Thomas Hunt of Mad Bitcoins now accepts Bitcoin for his presidential campaign. Joining fellow candidate, Ryan Paul. McCarthy is running on the cyber party ticket, arguing for stronger encryption, decreased surveillance and decreased bureaucracy. Blake Anderson, is McCarthy a strong candidate? Does he have a chance? Um, I'm a little bit less enthusiastic on the whole political process than your average person's going to be. And that being the case, I think that John McCarthy is a fantastic person to get in and shake up the race, talk about things that other people aren't talking about. I mean, at a fundamental level, we have a lot of lawyers and politicians that are just trying to skirt the rules and semantically get some value. We can get a computer scientist in there and have them actually argue tenable systems to build stability. That would be really, really cool. Is John McCarthy the first to do that? No, absolutely not, which makes it so much funnier that like even this guy who's like eccentric to the point of being unhinged can bring all these super logical arguments to the debate structure. I think it would be absolutely hilarious. I don't think that anything more entertaining could happen to the race than people getting behind John. Tom Vase. No, I honestly think it's kind of ridiculous. I mean, I'm all about privacy. I'm all about everything he stands for. But I just cringe when he's going to be the guy talking about it because of his background of his, just what the few people that know of him, I just think it's going to be crazy. If you find Trump to be a character, this is Trump times ten. So no, I don't see anything of it. If anything, I think it'll only make things worse. The media is just going to go on and say, these are the kinds of people that want privacy and it's just going to make a mockery out of everything. Not to mention that you're not going to change politics. You're not going to change the government's stance on privacy and corruption from within. It's got to be done with technology. He would be better off starting another company and providing privacy and the safety on the internet away from government instead of running. And just, I don't know. I think it's completely ridiculous. Theo, good man. I say, go for it. Why not? I say, yeah, let's make a mockery of the whole political system voting and stuff. Yeah, I'm definitely less than enthusiastic than the average person about voting and all that. That it really makes a difference. But in any case, let's have a show. Let's make a mockery of it. Trump's making a nice mockery of it. Someone else make a mockery of it. Hell, I can run for president. Anyone can run for president. We can all run for president. 25 parties like they do in Europe. It doesn't matter. In other parts of the world, it's normal that there's all kinds of crazy parties. And just in the local elections here, there's the animal rights party. There's the right wing party. There's right wing party B. There's right wing party C. There's the old dude party. I'm not joking. There's the pensionier party. There's all kinds of crazy stuff. So that can come to the US too. It doesn't really change anything. It doesn't really change the system. But it can make a mockery of the system. It can make a point of it. And let's see what happens. And let's see. Maybe Hillary Clinton says, maybe I should get this guy on my campaign. He can sort out my email so I don't have any more problems. He can certainly explain to her what wiped means in the context of computer security. I'm going to agree with that. This is all the right issues, but not the right man to present them. I wish we had a more serious anti-piracracy, anti-government surveillance, pro encryption candidate. But this is kind of the best we have. I mean, less things, also a good candidate. But I don't know that he's even going to get the attention that McCaffee's going to get. So this might be our chance to get our issues on the table. Well, yeah. I mean, what's the alternative? Carly F. I have the Republicans. That's laughable. She's like alcohol is more dangerous than marijuana. That's indicative of some inability to read metrics. That's the nicest way that I can possibly put it. So I mean, yeah, it's John McCaffee, like super eccentric to the point of maybe he will be embarrassing sometimes. Maybe, but if he can get the really young people to be talking about these issues, maybe Ron Paul did. Like with Ron Paul ever going to win, you can argue that day and night, but he did get people, especially younger people talking about, well, should we at least breach these subjects and talk about this? Hopefully he can have that kind of an impact. Then again, comparing John against Ron Paul, they are very, very, very different people to that. Yeah, but this is the difference. Right? I mean, Ron Paul was at least qualified to run a government, right? I mean, this is the thing. I would love to hear people talk about the stuff that John McAfee would talk about, but I would like him to be at least qualified to run the government that the people might actually vote for. Right? Like even Nigel Farage over in the UK is great. I mean, he talks about all this stuff, but at least the man is qualified to somewhat run a government. I assume that I like people are running a government. So yeah, so I mean, he's got the right message, but him being the messenger running, trying to run for president, I think is only going to make things worse for the movement. Well, I mean, I love Nigel Farage as much as the next person, but like from intelligence, from the actual study of understanding and knowledge, espotemial logical considerations, I think that it's possible that a computer scientist could do even better than somebody that has all the rhetoric down like Nigel Farage does because there have been times where it's like Nigel Farage understands what he should do, but perhaps doesn't do that, even though he's going to always say things in the right way. So I mean, I think that you're right that it's not good to have somebody like that lead, but at the same time, I think that we have to give him a way. We have credence to like opening up that conversation and talking about those things. I agree. Let's talk more rock. And Theo makes a good point about his request for more third party candidates and expansion of the American democracy, but as we all know, the winner take all system in the electoral college, as well as the way that the Congress and the House are set up, really make this a two party system despite that the founders repeatedly claim that they didn't want a two party tyranny. Well, in first past, the post voting is always going to lead to a two party system. Like if you if you Google some video or YouTube community about first past the post voting and actually where the logical conclusions lead, it's always going to be a two party system. We need some fundamental shakeups here. Agreed. The best of three voting is a much more democratic system. We get a better second choice candidate because everyone can agree on the second choice. Yeah, there's really good videos by our CGP Gray. He did a bunch of great videos on elections and voting. I strongly recommend it. Exit question, forced prediction, the presidential race in 2016, name the candidates, blink versus blink. Go, blink. John McCaffey versus Bernie Sanders would be really fun to see. Toned Viz. Oh, man, it's going to be crazy. Honestly, I think Trump will run us a third party candidate and I think he's going to do pretty damn good. Yo, good man. It'll probably be Trump versus Clinton and probably we'll get Clinton and there'll be Ward War three. I'm going to go on a limb here. I'm going to predict Biden versus Trump. I have to much to clarify really quick. I know that McCaffey is not running as the Republican like and so that it's not going to be those two. I think that would be the most entertaining. Moving on to issue two, Venezuela, Bands, Bitcoin. Several Bitcoin companies found their servers blocked. As apparently Venezuela has changed their mind, it is now attempting to ban the fledgling cryptocurrency. Bitcoin will likely respond by going around these simple barriers like water rolling down a hill. But as this to be getting of something more, will governments try to ban Bitcoin in the future? Toned Viz. I was on mute and realized you'd start with me. Yes. To answer your last question, will governments try to ban Bitcoin? Absolutely, they will. Think of any government you consider a socialist and they will be trying to ban Bitcoin, which basically means about 90% of the world will attempt to ban Bitcoin. Venezuela is no different. I mean, they're going through major issues. I wouldn't be surprised if other countries in a similar boat are doing the same. I rush for just did it the other day. I'm a little surprised that Russia is doing it. Honestly, in Russia, it doesn't really matter. But in Venezuela, it might because they're actually, they went technological and they started blocking IP addresses. When you said a few companies in Venezuela found this, I think there's only a few companies in Venezuela. So, I mean, look, if you're Bitcoin savvy and you're trying to run some kind of a company in Bitcoin, Venezuela is not, why are you in Venezuela? I mean, if you're savvy enough to understand Bitcoin and create a company, get out, be somewhere else. I know that some two things are going to be a lot better for you. Yeah. I know it's hard to move around these days, passport issues, barriers. But Venezuela doesn't even register on my top 50 places in the world, countries in the world where Bitcoin is relevant. Theo Goodman. I think that countries will continue to try to ban it, but you can't. I mean, you can ban it. You can make it illegal, I guess. It's kind of like drugs, possession illegal, use illegal. I don't know. It's kind of like a similar dynamic. So, what is illegal? You can't ban the Bitcoins or using the Bitcoins or sending the Bitcoins, but you can't really stop it. It's going to be really difficult for them to stop it. I mean, they tried. They're blocking, you know, known addresses, known IPs, etc. Now, it is relevant in Venezuela, I think, because they've got, I think they've got current issues with their currency. The economy is really in shambles because oil price, as we know, if you would have watched the technical analysis show on World Crypto Network, you know the oil price is really down. And yeah, that's as long as the oil price is high, then the socialist government there doesn't really have that many issues. When it's low, they've got issues. When the economy there is really bad. And people are looking to Bitcoin in Venezuela. People are also looking to Bitcoin in Brazil and South America in general. I think Bitcoin is kind of blowing up there. So, I don't know what companies are really active there, but I think it's going to continue to be relevant. People are interested in, you know, sovereign money, being, you know, sovereign money, being able to send without control. So it's going to continue to be relevant. It's going to be hard to really stop. Blake Anderson. Yeah, I mean, I agree a lot with what Theo said. And if you are aware of the bread and butter of some of these countries that are involved in doing some of this stuff, you realize it comes back in a huge way to energy. A lot of macro economic consideration for what's going on in the world of markets has to do directly with both energy and with currency and how currency is being handled, the rate of inflation, interest rates and things like that. So right now, with the price of oil really low, things like the tar sands and Canada are not doing well. And investment capital is not flowing into getting those sources of energy. Likewise, various sources of Venezuelan oil that Chavez kind of, you know, crony capitalists did into his own family while everybody was, you know, poor. And he was doing well. I mean, that's something that becomes even more unsustainable now that he's gone and that stuff has happened and things have changed hands. And now the price of oil is going low. Of course, you would expect to see tighter capital controls as the government tries to retain control in a situation where energy is food bar and currency is not something that's a real good net to back it up. So I mean, my assumption here is that just like the war on drugs or anything else, like what's illegal in the war on drugs? What's illegal is, you know, driving down the price of something the government wants to stay valuable with your free markets. That's what's against the law. And once against the law in Venezuela is, you know, going to be more and more aimed at using things that undermine the capital control of the government can use to make it so that everybody has to use their money to keep control. That's going to make the value of Bitcoin go up. It's going to have the opposite effect of the one that's been intended autonomy and purpose or the birthplace of motivation. The autonomy and purpose of having, you know, money that works is just extremely important. People know and realize that. I think it's going to have a huge role to play in places like Venezuela and Argentina, many socialist countries that think that they can use capital controls to stop this, isn't for a real weight gain. Exit question. Oh, Russian, you want to go? I'm going to jump back in for a second. So my advice with people in Venezuela is get yourself some dollars, physical dollar bills. It doesn't matter what, what, if you have to pay a premium on it, it's just so much more useful over there than Bitcoin will be. It's for economies like that places like Venezuela, places like some of the other ones that are collapsing. US dollars and even euros are so much better. Now, if you are in Europe, then you want to get the hell out of euros, right? Then you should be looking to Bitcoin. But if you are in these third world countries where your system is completely collapsing, go with a stable fiat that you can actually use around. If you are in a more first world country like anywhere in Europe specifically, even Canada, where they're taxing you at like a 40, 50% rate, Australia, in those countries, if you want to protect against those currencies, you go to Bitcoin. But if you want to protect against the, because remember, if you're only a dollar start to have problems, I mean, that means the Venezuelan currency is completely worthless. So you're better off if you're in those countries, you're better off going with a stable fiat. If you're in a somewhat of a stable fiat world and you're being taxed to death and you want to hold on to your own money because you don't know what the next president will be or what the next political situation would be or when your ATM's close. Because over here everyone is relying on credit cards and debit cards. And no one ever has cash. So when the banks close, ATM's close, we're all screwed. In those economies people rely on cash quite a bit. So they are physical cash, there's a lot more useful. So they take the cash. So you're saying that people in a poorer country that have an extremely ephemeral or brief investment horizon shouldn't have all their money eaten up by trading back and forth to Bitcoin with all the settlement fees and stuff that they should use for their short investment horizons cash. And then if they have a lot of excess capital and a long term horizon, then it would make sense to go into Bitcoin. Exactly. All right, perfect. Yeah, well, I think that I'm not 100% sure I don't have any numbers, but as a means to transfer a value in and out of a country with capital controls, that's what Bitcoin could be used for. So outside of Venezuela needs to send some kind of value in and someone in Venezuela will give them dollars or Euro or Venezuelan currency in exchange for Bitcoin. And I can see that or the other way around if they want to be able to send value out, but they can't because of the controls. And I see that as the utility. But I assure I definitely agree with you that that's going to be the more, you know, we all know the price of Bitcoin is not really stable. So it's a big risk to hold, but to use as a means of transfer, it's great. Yeah, I know. I agree with that. But if you can quickly go in and out of Bitcoin if you've been as well, that's great. But if you're thinking of hedging your country longer term, if you've been as well, I just use dollars. If you want to hedge your country longer term, if you're in Europe or the US or Canada or Australia, then because you're not going to use Venezuela currency to do it, you're better off going to Bitcoin. But if you're in Venezuela, if you want to hedge longer term, stick to the more stable fiat. Exit question, Russia and Venezuela have already tried. Who tries to ban Bitcoin next? Tone vase. From some of the smaller, not as relevant countries, probably Brazil, they're having currency issues. Other than that, honestly, I think Europe will. I think I think Italy or Spain might throw something in there right before their banks collapse just to make sure that what people thought might have been happening in Greece is not going to be happening there. So I think Europe is going to start taking Bitcoin way more seriously and they're going to be the next significant country to attempt to ban it. Next country to try to ban Bitcoin will be Greece. Blake Anderson. Well, it's interesting what Tone was saying about Europe and Bitcoin and capital controls. I mean, if we look at what's a country that had a really high GDP and look at France, Germany and GDP and France and GDP and the eurozone went all together in one basket of buddies. Now France is kind of, I think, positioned to really fall away from being the second producer in the eurozone because they are getting more and more and more socialist policy involved in their government. I think maybe even though they don't have direct control of the monetary and currency policy of that group that France may want to limit capital controls. So I think that's going to happen next, but I think it will be one of the more significant happenings when France finally decides that Bitcoin is antithetical to the highly interventionist government involved at every level of commerce that they have planned for the future. And they're not going to like that. Yeah, now I'm with you Blake. Our France is up there too. You can use the Uber index, right? Which of a country is banning Uber? Well, probably be the next country to ban Bitcoin. Yeah, absolutely. I agree. I forgot about France. They're pretty controlling. I think Greece is a good bet, but I'm going to go with Saudi Arabia. Saudi Arabia. But they're so progressive. They're so incredibly progressive. No, relevant countries, relevant country, Stanis. They have oil. They have oil. I like to keep their money in there. Moving on to the plug. Don't just hold Bitcoin, buy it and spend it. Change your Bitcoin at purse.io and get 20% off Amazon.com. It's just that easy. Use Bitcoin like its currency because it is. Shop at purse.io. Spend Bitcoin. Save money. Issue three. Fixed Reddit with Bitcoin. A new team led by Ryan X Charles is attempting to build a new, decentralized Reddit with Bitcoin at its core. Bitcoin will allow the users to be rewarded for posting articles or hosting Reddit content. It would be the oil that keeps things running. Theo Goodman, what do you think about this new, decentralized Reddit? I think it's a great idea. And I'm glad that somebody is attempting it. Let's see where this goes. It's an experiment. Let's see what happens. I'll be honest. I was a little skeptical of Zapchain at the beginning, but I think they're doing a good job. And they're also experimenting with a few things, at least they. So if you're not familiar, they have a kind of auto payment for people that do contribute. And so they're doing something in that direction. It's not decentralized, but it's a good idea, I think. And I think that let's see what happens when this thing is launched and see how people react. We're only going to be able to see how it is when it's live and be able to tweak it when it's live and humans are really in there doing stuff and figuring out how can I game this or how can't I game this and so on. Blake Anderson. Well, what were we talking about again? Decentralized Reddit. Decentralized Reddit. When you use the word decentralized, I just started thinking about decentralized or the decentralized project that we've been doing. Decentralized Reddit sounds like a great, great, great plan. I mean, it's ambitious because Reddit has such a huge following. The question is really not even like how do we make something better. It's how we make something better and then convince people that it's better and get everybody to move over and start to like a peer-to-peer finance model that can help people bring new media. So all efforts in that direction are great with me. Is it going to work out? That's the trillion dollar question. I mean, how are you going to incentivize people to break through that penra to the Heiman-esque bear here to actually breaking over and making something viable. So my description being nice and PC, I hope everybody uses that same barrier penetration example for whether or not it will work. Incredibly pornographic. Thanks, Blake. Tom Bees. I mean, like everybody else, I think it's a great idea. I think this has been tried. I think there is already is a Reddit competitor or not how much traffic they're getting. It's going to be difficult. You got to remember, everyone wants to decentralize everything with Bitcoin as the backbone. I mean, there are so few people using Bitcoin. It's great that if you built it, he would have been better off trying to convince the Reddit people to do it like in his article. That would have been a much more worthwhile project. Going off on his own, he's going to need funding to do it. They don't have a base. I believe they did use to work together. Didn't Ryan use to work with Reddit directly until they did. He did. This is the project that he thought he was working on. There was a leadership change. This is the project he thought he was working on. After four months, they fired him because they wanted a different direction. But I mean, it's great that he's doing it on his own. I don't know that they fired him. I think there was a management change and they were not primed significantly on what the goals of the project were. They were like, well, here's a clear place we can cut money. I think that really is what happened. I don't know that there was any kind of a failure or a delay in the project that got fired. I think it was a lot of no-no-no. I know. But from his end, he got fired either way. It wasn't his fault by any means. But yeah, so I mean, it's great that he's trying to do this. How many Bitcoin users are really there? And not everyone sees Bitcoin as just use it for all these things. In the future, yeah, about a lot of these projects are 10 years ahead of their time. So it's great that this will be there. But if Bitcoin was a serious player and a serious user, he would be working at Reddit, putting it together with Reddit. So it's just not there yet. And it would be nice for people to just, you know, but everyone needs to have Bitcoin to do this. I mean, I don't know. Reddit put yellow power charge and that was never a good idea. So I don't know if, I don't know, just because Reddit is there means they're going to make the best decisions, man. Yeah, but Reddit doesn't need to make any decisions, right? It's all about their users. That's true. That's true. Honestly, I don't even use Reddit. I think it's too much, but I don't have that kind of time. And just to go back over the history again, he was working on the decentralized Reddit project under the old leadership. He was then kind of moved over to the Reddit project where they were going to give a bunch of money away. And then he was moved off of that. The original decentralized project sounds very interesting, but remember, Reddit just becomes one of many servers that post Reddit content. So if another server perhaps is more permissive, less censorship, they could replace Reddit as the main server. I think this would hurt Reddit's ability to serve ads, which is their ability to make money, which I'm sure, CondayNAS, their parent company, etc., etc., made decisions based on that. I don't know. It's crazy to think that a company would want to go decentralized. I mean, that's just insane, right? That's like saying government will actually want to be smaller. It's just not going to happen. And especially after you've already built a seemingly working centralized program, whatever your current program is, you have to have a really good reason to throw that out and to start this new decentralized site. Right. I mean, I think everyone is agreeing that something's wrong at Reddit. It says it's broken. Other niches say this, say that too. It's not just Bitcoin. I was surprised also, but a lot of people are repeating that same thing that's broken. I mean, I kind of like the old school look of it, that it looks like it's something from the 90s almost, but it's not only that, it's a lot of things. Now I'm not really against trolling per se, because I think that's actually a good utility of Reddit that people have to kind of deal with trolls live on the internet. It sounds weird, but I think that's a good taste in trying to way. But the politicians handle it. Yeah, right. You could do that, but I think that opening up the decentralized, like I said, it's an experiment. And I think, now, I don't like I said, I don't know if it's going to be successful. I hope that he can build something so that we can see how it works. I mean, if you were really able to reward people that post quote, good content, which however you figure that out, I don't know, then that would be interesting. And let's see if I think that we got to have humans doing, you know, interacting with it to see if it works. Now I see why Reddit didn't really like that direction, definitely, because like Thomas said, how do you monetize this? I have no idea. I'm sure you could somehow, but I have no idea, you know, you have to keep in mind that, I mean, we think that the Reddit, Bitcoin subreddit has traffic. The cute cat pictures on Reddit is probably Bitcoin traffic times 100. So when you're talking about decentralizing Reddit with the Bitcoin as the backbone, I mean, again, you're the main users of Reddit. They're not Bitcoin people. They're literally people looking at cat pictures, right? I mean, I think that that's, you're correct, but there's a conflation going on here. It's not just because people simply think that Bitcoin maximalists are right. We want everything to be Bitcoin. It's really kind of more about getting the fundamental infrastructure of these systems down so that they're scalable and usable. And it's almost kind of the race to the death of the SaaS model. Software as a service really isn't tenable anymore. Everything's in a race down to the cheapest possible way to get things done. And now best practices are being rewritten in ways that are taking blockchains and stuff into account, expanding circles of trustlessness as opposed to, you know, really, really, really trying to go for that maximum SaaS dollar as you have a centralized, basically zero-rate style service that eventually gets hit via media or something and bullets everything up. And so, as far as like, there's like 10,000 people that own more than one Bitcoin and like, what niche are these people trying to go for? But it really is an argument towards, let's fundamentally make this infrastructure work better. And I can see that Ryan is working on it from that direction. Will this catch on to the common people almost certainly not because it's hard to explain even right now about it. But is it exciting that the first iteration to that are happening? I think absolutely. And remember that we're also fighting censorship with a centralized reddit. It's very easy to censor either directly as we saw with our Bitcoin or with just a DOS attack. You just take that out. Now, it tones probably right. The censorship is not affecting the cat photo people. They're probably okay, but our Bitcoin, maybe some of the more political subreddits, the technology subreddits, the piracy or whatever subreddits are all going to want a more censorship averse place. And he's right. We are the minority. But we're also the coders. So it's kind of, you know, right? No, we are the communities in the coal mine. So as far as the privacy, so I want to just one quick comment. Facebook is running into the situation now because right now people are thinking everyone that uses Facebook now understands how dangerous it is from privacy perspective. Because they feel it pretty much everybody feels it not only from Facebook themselves, but also from others that can see everything you're doing and all the data collection. And Twitter is actually a little better. I mean, Twitter got into a little bit of hot water when countries started blocking Twitter because they were the cause of the protest. If you were able to organize. So it's when the average person feels it. That's when that model is in trouble. So I think the Facebook model is in a little bit more trouble. I think people are going to stick to Reddit for a while. I don't think it bothers 98% of their users. I think they're perfectly happy with Reddit. Look on the other hand, I would put the average person. I would say it's close to 60-40. How many people are actually happy with Facebook? So if you want to go after something, try building something. I think Facebook is something that could be taken down even though they're bigger than Reddit. Okay, if you don't get rubbed out. All right, moving on. I know. Deask for a exit question. Yes or no. Decentralized Reddit will top regular Reddit. You're good. Yes. Blake Anderson. Eventually, I think it's unstoppable. Yeah, eventually it will. Tone days. I'm with Blake eventually, but not anytime soon. Like I said, 98% of Reddit users are perfectly happy with Reddit. There's no reason for them to switch. On a long enough timeline, the answer is yes. Decentralize all the things. All of them, really. All of them. Moving on. Issue four. Fix the web with Pro Tip and Bitcoin. Pro Tip, a new software team led by Chris Ellis and Leo Campbell. Seeks to reward content creators who place their Bitcoin address on their content with a Chrome plugin that will read the address, measure the time spent on the site, and automatically reward the artist according to the user's weekly allowance. The software called Pro Tip is available at pro tip.ias. Is open source functional and uses real Bitcoin? Blake Anderson, have they cracked the code? Will a culture of automatic reward rise to replace the web of free loaders? Absolutely. And I mean, if you take the eventual conclusions of this type of technology, and you really think about them, it's like, well, what is the ability of a technology like Pro Tip to actually incentivize what would be a kin to like good market signals? Like in a market when you have good signals, things work well. And you have bad signals and manipulation, things don't work well. So we have a market of advertising and information media. It's not working very well because all the signals are, you know, by this extremely obsolescence planned item that's going to break in a year and then like buy more and stuff. And that's not like, we don't want to see a new ad for something that we bought last year all the time. Versus if you can actually incentivize people to make fresh new content that's critically thought inspired and fresh, I mean, that's going to have a huge impact on the future. So Pro Tip is a great, great, great project. It's on GitHub. You can contribute to it. You can talk to Chris and you can actually help shape the future for something positive. There's not a horse ton of money flying around here. It's actually something that's been gifted to everybody and everybody can get value out of it, which I think is a way that a lot more of these companies should be thinking instead of trying to, you know, maximize this ass model and get as much money out of individuals as they can. Tones. As much as I was actually reading the website today, I haven't really, I've heard about it and I've really looked into it until now. It's on the surface. It sounds great. It sounds like the good thing. In reality, I don't think it's going to amount too much because it's still too much effort, right? I have to download a plugin with the name Chrome in it and I try to stay away from anything related to Google as much as possible. It actually hurts me to do our Google Hangouts. But then you have to, I guess, preload the account with Bitcoin, correct? Yeah, it's a big coin wallet. It's sitting in your browser with some extra things that help you to keep track of what you're consuming. Again, I am very, very cautious about where my Satoshi's go only because of the first issue we were talking about our second about every government deemed Bitcoin illegal, right? So I just the combination of words like Chrome and wallet and putting a min there and then they're automatically being distributed based on where I go. I know the app is supposed to be private, but that is just not how I would want my Bitcoin users a privacy person. Also, and like I said, there's just so few Bitcoin users to actually use this today when Bitcoin is popular and you know, 20% of the world is using Bitcoin. This would actually be useful, but again, just like many things in the Bitcoin world, it's a little bit ahead of its time. But again, we need these things as great that they're around. So when you combine all that, I don't expect it to amount too much. I mean, one day in the future when the internet itself would be decentralized and hopefully completely encrypted with no snooping, I would love to see a model where I'm paying for internet usage. And a portion of my internet usage is automatically being distributed to where I actually use the internet, right? But having the person go out under own and filling this, I mean, if you want to obviously, we all want to support our fellow Bitcoin people. So I may bite the bullet and get the add on just so I can support Chris and some of the websites that I go to. But in reality, I don't see this as the solution. We need a more general solution. Eventually, the internet, I expect to be rebuilt from a privacy standpoint and then something like this can be embedded into it where you're paying for the internet and it's going directly to where you're actually using the internet. So we've got to fix money first is what you're saying. Yeah. Theo, good man. I agree with both. Blake and Ton actually they both bring up really good points. I just want to remind everyone, of course, Pro Tip helps you tip people. But I noticed that it's also a very simple wallet for, of course, a small amount, a fun wallet for a small amount of Bitcoin. So if there was a new person interested in Bitcoin and they have a chrome and you say, okay, just get this add on, give me your address. Boom, it's very the way it's laid out is really simple. It doesn't look really technical or confusing or anything. It's quite straightforward. So I like that part of it. Another thing is that, like Blake said, it's on GitHub so you can contribute. You can also fork it. So if you are altcoin person or if you want to contribute or if you want to build one with Bitcoin and another coin or if you want to make it super duper private or I don't know whatever programmers want to do, they can do that. Another thing is that they're working on the Velvet Rope or basically it's a light paywall and I think that's also really useful for any content providers where you can kind of, kind of like a paywall light version where you could use a little, have to pay a little bit of Bitcoin to get the content. I think that is also useful and we'll see how that goes. I think the only way to test all this stuff is to jump in like we're doing right now and actually test it out. Yeah, another thing is that it's really difficult to change habits and the way that we use the internet and the way that we do things. That's kind of what this topic is about. So I think that's going to take a while. I definitely agree because it comes down to this. We're used to using internet services for quote free but it's not free. You pay with your data. You pay with your time and attention as well. And you also pay with your time and attention and the data is used to show you as well. So that's how the so called free sites earn money. So if you flip that around and say, okay, well, instead of doing it like that, we'll just pay the people that are providing the content and we can pay them directly and we can cut out the middleman or pay the middleman a little bit for providing their service or whatever. And that's a different structure. It's going to take a long time for people to want to do that and for that to be without a lot of friction. All this stuff about I've got to have Bitcoin first and all that. That's all about friction. So I see this as having more than one utility. I see it as a quick wallet. I see it as a tipper. I see it as a lot of things. So that's why I like it and I think everyone should check it out. That's it pro tip dot is. I wanted to respond really quick to what tone said it gets tone made a few good points about security and things like that. We have to kind of look at what is available right now for tipping versus what is pro tip and what do they represent and really regardless of how we feel about tipping on the internet completely and its ability to circumvent the current ad model. We have to look at which is the most secure way to do something at a fundamental infrastructure level. Right now the competition for pro tip is centralized competition and pro tip is decentralized. So you have a token model with the other tipping systems which really is linking your social media names to Bitcoin addresses. And then if that data ever got out in a concentrated store of spreadsheet or ever, that would be very bad versus the inherently compartmentalized situation of the data and the pro tip model that is not a risk. So even if this stuff is not ready and its current iteration across the board to go mass, we now have two options upon which to build. And the longer change should be the decentralized version and building onto that and investing in that because that is going to be the infrastructure superior model going forward. So from an iterative project management perspective, this one company in your system has been started in the right way and we were able to learn from the lessons of non decentralized tipping systems. Especially given the recent hacks of Ashley Madison and now Patreon. Patreon didn't lose any of their customers, passwords or credit card numbers. They were all hashed. But what they did lose was all of their secrecy. You used to be able to support a private project privately. You could message a user privately. They had a special private section for people that paid on the Patreon. All of that information is in the data dump. All of the database is now available on pirate websites, etc., etc. Ashley Madison, obviously the same thing. All of this information about people's affairs now available because it was held in a centralized location until the point where it was not held in a centralized location. It was held everywhere by everybody. And I've been working with a law firm that I'm really good front of the people there. I've got the Ashley Madison information and we're doing database requests on it so we can pull information for people that have been harmed by it to either prove that they did or did not have an account in what it was made. So all that work is going to the attorneys now as a result of the centralized risks. And one more point. Tell them and mention that it was automatic. It also has a subscription function. So if you only wanted to subscribe to Bitcoin addresses and you wanted to send a certain amount each week, the Bitcoin address doesn't even have to be on the webpage. You can copy it pasted from somewhere else. This could be your automatic Bitcoin paying plugin. It's way easier to configure than the coin-based automatic payment options, which are cool too, but more difficult to set up. All right, moving on. We've just got some housekeeping here on the show. Let me see if I can bring up the right screen. We'd like to welcome some brand new shows to the World Crypto Network. We'd like to welcome Yu Mi and BTC and the Coinergy, Bitcoin and Altcoin Trading Talk show as well as Theo's show, BTA, Bitcoin, technical analysis. And each of these shows will be weekly shows on the World Crypto Network. You can find it at worldcryptonetwork.com where you can just subscribe to this YouTube right here. And that'll get you all the shows. And you can check them out and leave some comments and welcome these new people to the network. We're a question and answers and still broken. We'll look around the Google Interface next time, see if we can find it. But right now they switch us over to live events, which in the past had a chat room. They don't have questions and answers. Sorry about that. We'll work on that more next week. So we're going to move on to predictions or a story of the week. Blake Anderson, are you ready with a prediction or a story of the week? Well, a prediction or a story of the week. Let's see what we got here. I guess my prediction is that hardware companies and various different Bitcoin companies that have been developing just kind of, this is what we got. This is what we've worked on. It's kind of like 1% better than the other stuff that's going on. These companies have to compete with people that are developing stuff constantly 24 hours a day in their own terms, on their own time. And it's not something that is going to be able to be a race where people are not putting in 100%. So basically hardware to hardware, machine layer communication technologies are not going to sit on your desktop. They're going to be a chip that goes inside of your phone. And for companies to right now be jumping into the hardware and infrastructure race and not realizing that is indicative of the fact that we have still an opportunity in the space to get companies in which are going to deliver a lot of stuff and that people should be looking for those companies. Right now we do not have, I think, companies that are worth dumping infinite venture capital into to see what they come up with. We need to see which products and technologies and ideas are coming from the fringes and then quantify how valuable those are and try to make sure that we are investing in ideas and not in cronyism or nepotism or my friends got an idea of ABC. So I think that we have a very exciting time coming up as these technologies from the fringes start to come in and be recognized and funded. And these bigger, more centralized companies get less and less and less hype as people see that they can't compete any longer. Tone days. I don't really have much, but I'm actually kind of surprised that was that scaling Bitcoin in Montreal. And I really expected that by now all those developers, they were together, they were talking, everything seemed great. I really expected them to come out with a plan to temporarily increase the block size in some way in order to give themselves more time to come up with a more viable solution. So my prediction is that that's a little overdue by now. I think it's coming and I think we really need to hear what the plan is as far everyone knows that increasing the block size is not a real solution, but it's a temporary solution and it's a temporary solution that needs to be, that needs to have a consensus so that rumors don't go crazy. So that and sticking on the same front, I expect Mike Hurn to be completely ignored by pretty much everyone. I think he's a maness to the space, to the movement. So I think people are finally starting to realize this. And I think everyone is just going to ignore anything he tries to do in the space going forward. So those are my little predictions as far as the programming of the protocol goes. Leo Goodman. My prediction of the week is patents. We're going to see more companies patting all kinds of weird stuff that we think is self-explanatory, open source, normal things that you can't patent, but companies are going to patent because that's what they do. They want to secure, you know, profit, capital, their company. They want to remain relevant and we're going to see more of that. Very solid prediction, Theo. And now a prediction. Good people with good ideas will succeed. Bad people with bad ideas will fail. Authenticity reigns supreme. If you're fake and your motives are fake and you'll do anything to accomplish your fake goals, people will notice. There's no amount of money that can make up for a lack of authenticity. Be true and succeed. Lie and fail. Oh, we're out of time. Until next week. Bye bye.