The Bitcoin Group, the American original. For over the last 10 seconds, the sharpest satosis, the best big coins, the hardest cryptocurrency talk. We'd like to welcome our panelists. Blake Anderson from Facebook.com slash got Blake. Hi, the internet. Thanks for having me online. David Sieman from the David Siemens channel on YouTube. Hey, everybody. Here's my empty glass. Theo Goodman from Bitcoin Technical Analysis. Good morning, everyone. And I'm Thomas Hunt also from the World Crypto Network. We'd like to announce that we're being broadcast on the World Crypto Network and on Bitcoin.com. Special thanks to Bitcoin.com. Moving on to issue one. Issue one, Satoshi, not Satoshi. For about two hours this week, the world of Bitcoin had a Satoshi. For two hours, we knew who controlled the 1 million Bitcoins and had a founder. Instantly making Bitcoin less shadowy and less shady and perhaps causing the price to spike upward. At least until we learned from motherboard. That is, keys were backdated. His LinkedIn profile was less than impressive and he had been dropping hints that he was the original Satoshi. All over the net, finally resulting in a spoofed message perhaps from the original Satoshi email account saying, Dr. Craig Wright is not Satoshi. We're all Satoshi. Blake Anderson, your thoughts on Satoshi, Nakamoto? Well, of course, any Bitcoin or is going to feel about this, probably like a common citizen would be like, he impersonated a veteran. People would do something like, he's got to get him. Chase him down. A lot of people would feel justified in being real, real riled up. One of the places where a lot of the stuff came out was the Bitcoin investors conference at the D Thomas and I, were the era speakers. I remember when the doctor was talking about different stuff that he had done, just the stuff that was coming out of his mouth and the way that he was saying it was like, if this is Satoshi, I'm out. He said enough stuff that I was like, he's referring to Bitcoin as touring complete and stuff like that. It's just like only in the context of almost no conversation with Bitcoin, we consider touring complete. It's kind of good that Satoshi doesn't come out. I think it speaks to the robustness of what he created. If he created this great risk management system for the preservation and recording of wealth in an immutable fashion, I mean, you think that he would have better risk management skills than to be discovered and unveiled and harassed if he didn't want to be. So it's another point in the category of, he's one smart cat that remains elusive and we can all be glad about that. It was a very strange panel, Blake. I remember watching it live and being surprised at the level of disagreement between Nick Scabo and this guy up on the screen. I also remember later, Dr. Solerno told me he was incredibly impressed by Craig Wright's belief that he could test the Bitcoin network and that he had these super computers and he was going to test the scalability. But what Dr. Solerno was dying for was a follow-up question. He wanted to know more. He wanted to know the results of the scalability tests. And now we're not even sure if Dr. Wright has these super computers. Even that supercomputer power that he was essentially bragging about may also be false. We really don't know. David Siemens, your thoughts on the Nantes Satoshi. Well, now we're at the point where we've had two false Satoshi's be presented to us by the media. And if I were Satoshi watching this, I would not come out as such because in both cases fake Satoshi was not treated very well. It's like we got to see two fake Jesus' be crucified and now the real Jesus might go in the hiding because the first one they revealed is like personal home address that poor old man. Just harassed him and the security risk there of this guy's address being exposed in the whole world. Briefly thanks to these sitting on a million coins. And then this one, it was not presented in the most favorable fashion that his associate was some guy that died, broke, and penniless, the bedsoars, with alcohol bottles strewn around him. Not exactly the image you want associated with Bitcoin's creators. So I think it was the second kind of hit job on Bitcoin. And I don't think it was even intentional. I think it's just like they went down a weird trail and led to this guy who clearly doesn't fit what somebody was calling the intellectual signature of Satoshi. But that's what I take away from it is if you're out there watching this Satoshi, first of all, send me a decent tip. Second of all, do not reveal yourself. At this point, if you reveal yourself at all, simply send an anonymous message of some kind after you've burnt your coins. And we would all be so grateful. Right, David. It really does have a religious perspective. It reminds me of the story of Prometheus, who of course famously brought fire to man and then was chained to a rock to have his liver picked out by birds, then to have the liver regrow and then picked out again until he was freed by Hercules. But very much yes. Satoshi should stay in hiding. I agree the 100 million bitcoins is a real big question. So if he did publish proof of burn, that would be an incredible gift again to Bitcoin to say, hey, these coins are burnt. But other than that, they're still the question. The media has to know the answer to the unanswered question. Theo Goodman, are you Satoshi Nakamoto? No, I'm not Satoshi. We'll get back to who theories about who Bitcoin, a cult of personality to cult of personality internet thing. No, it's not that. So just stop. I mean, it doesn't really, I don't care to be honest to Satoshi is that's fine. It could be someone's mom or some group in a basement trading Bitcoin in the meantime, but we don't know. And that's fine with me. But think about how much traffic this story generated. Whoever busted this idea out did a great job of generating traffic and ad revenue and whatever they were trying to do. That was great. It's perfect link bait. It went totally viral. Good job for you. You did what you're supposed to do. And I don't care who Satoshi is. And that's about it. So now that we've eliminated Dorian Satoshi Nakamoto, Dr. Craig Wright. And Theo Blake Anderson, who is Satoshi Nakamoto? Did Nairi comment on this? Give it to us. Give us a name. Oh, a name. We are all Satoshi Nakamoto. Satoshi is all of us. So if anybody tells you that there's Satoshi, just throw it back in their face with, that's good. I'm glad that you figured it out. And I'm very happy for you. David Siemens, who is Satoshi Nakamoto? Satoshi is probably an ex-Abo and one or two other people. But that doesn't matter so much anymore because if all three or four of those people are all one of them were to be hit by a bus tomorrow, all that would do is invalidate those potential million coins that are in jeopardy. And at this point, as Theo said, it's not a cult of personality. We don't need to find the Mark Zuckerberg. They created our Facebook. We can just move on and start to use this incredible tool that has been gifted to us by whomever for whatever reasons. Theo Goodman, who is Satoshi Nakamoto? Well, I've said for a while, I think Satoshi is an alien or a group of people that have got the idea from aliens. So you know, that kind of like an alien or someone not from Earth looks down on Earth and is thinking, what are you guys doing? Just going on here and then just kind of inserts this open source technology is just kind of watching to see what happens. I remember once humanity is up to scale with Bitcoin, we can interface with the alien currency without any change over. If you want to add to that. Yeah, I don't know about it being an alien creation, but I think it definitely has some psychedelic influences. And I would be willing to bet almost that one of the creators might have experimented with a couple of substances I won't mention by name, but they also influenced Steve Jobs and the CIA and they're kind of fun. And I think that whoever was, they definitely thought outside of the box, like way outside of the box that everybody else was thinking in at the time. So almost like a new or consequence in the timeline of the Stone Dave theory where that ape comes down from the trees, he's on the field and he flips over the couchers looking for cruffles, eats a psychedelic mushroom, then looks up and says we can go to the goddamn moon and then that's how we got here. And then like the next clip and that is like Satoshi being like, you know, eating some mushrooms and be like, oh, this might be helpful. I mean, it could be, man. It could be. And going back to who is Satoshi, I'm going to agree with the panel. It's probably Nick Scavo. I met him. I asked him personally. I said, um, said Nick, thank you for creating Bitcoin. And he kind of looked at me and he had a little bit of a glow in his eye and he's like, I didn't create Bitcoin. But I'm not sure about that. He seemed a little happy. So I'm not sure with the jury is still out, but we'll wait to see and hopefully like we've all said, hopefully Satoshi stays hidden. It doesn't seem like a good thing to be Satoshi at this moment, especially with 100 million coins. Moving on to issue two Bitcoin price rockets to one year high on record volumes. The Bitcoin price took off again this week, starting from around 390 and hitting heights of 467 before tumbling back to 420 where it continues to range upward. David Zeman, what is going on with the Bitcoin price? Well, I think we're moving further and further down the space time continuum. A lot of time has passed since some of us first got into Bitcoin and 71% of it has already been mined. So you're seeing the coins slosh around and switch ownership and you're seeing a lot of day traders play around with it. But at this point, it's just becoming mathematically rare because it's being dispersed throughout the society among speculators and people who are hearing about it in the media and maybe some developers who have projects based around Bitcoin are buying it. And it's getting rare and rare and whatever you say about the reasons for the price increase, it does appear to be the real deal. This is an amount gox type deal. These are big regulated, safe exchanges. I think the coin-based exchange price, the price is coming out of the exchanges in New York, are probably close to the actual price that this thing is worth at this moment in time. Yeah, good. Yeah, well, first of all, I have that coin, what was it, coin desk article? I don't know, it's not exactly right because the other, the high was before that article, but the thing is they have their own little index, what they calculate on the daily close. It's just a little technical thing. Anyway, that's fine. They have their little index and that's okay. How piercing the experts as per usual? I don't know, just wondering. Yeah, the price is going up. It hasn't 300 held pretty well, maybe 400 will hold two who knows, we'll see probably by the end of this week. I think a lot of people are watching the upcoming Fed announcement, even though that doesn't directly have an effect on the Bitcoin market. It just has an effect on markets in general and everyone's waiting to see what happens if it's going to be a surprise or if it's going to be what's expected. I do expect some volatility coming up as far as no Willy bot or something like that. I wouldn't say there's a so-called Mount Gucks Willy bot active, but the majority of the volume is from the offshore, we could call them offshore exchanges, the Chinese base exchanges, and some of them have no free trading and you can trade with yourself, a so-called wash trade, to create volume. If that's good or bad or if that is affecting XYZ, I don't know, but that's definitely it definitely seems that that's going on. That's one aspect. Another aspect that I like to remind people of is, David was getting into is that now we have a lot more coins in circulation as compared to 2013 when we had the big run-up. There's always new coins being mined, but the price stays the same or goes up even. It's different than if there is already all of the bitcoins mined and the price goes up and down. That's something just to keep in mind. Also very interesting, the hash rate is going through the roof. What does that mean? Well, that means someone's got some good miners, but it also means that someone thinks it's okay enough to invest a whole lot of money to make all these chips. In my opinion, that's a good sign because if they're willing to get their pocketbook out and invest a lot of money, then they must think the price is going up because they're going to have to get their ROI at some point. Blake Anderson. Yeah, I think the market has been sideways for a while, but it's just like Theo was saying when you have these markets where you can trade with yourself, it's like every standing in the river and rubbing their soapy garments together to make more and more and more suds and more and more volume. When you can do that, when you can make your artificial suds at the same time as you can be aware of someone like that that's moving relatively small markets up and down, and that's a recipe for Matthew McConaughey said in the Wolf of Wall Street. Nobody knows if it's going to go up, down, or round, or round in fucking circles. Laced to fall, Bitcoiners, or at least stock brokers. I think it's good to keep in mind that anything that's going to happen on a short term scale is going to be heavily driven by people that are involved in the femoral trading and probably people that are going to be in the Whale Club team speak or people that are going to be talking to each other about the kind of moves that they're making. It's not necessarily a private thing. A lot of the people that make these bigger moves want people to know about them. Then again, there's also people that have dark pools and a whole bunch of stuff that they're not going to be shared. So beware of those too. The general trend is going to be the Bitcoin goes up. It's immutable. It's got a deflationary rate of a production, but in the meantime, it's got a small market cap in a giant world that's full of all kinds of shit. So be careful with your short investment horizons, less to be swallowed whole. Exit question, the shortest of short investment horizons, force prediction. What is the price of Bitcoin next week? David Siemens. I think we're going to see the price stick around either the 430s to 450s. I think if we do test 500, it's going to come back down. But who knows? That's just my gut instinct there. Leo Goodman. I think in one week, 450s, not unreasonable. I guess that's a bullish outlook. I think that we could see a lot of volatility coming up in both directions. So just be aware. Blake Anderson. Let's say 500. I think that it's going to be 500, but also temper that with what I just said about nobody knows if it's going to go up, down, around in circles, least of all Bitcoiners. The correct answer is 520, up and up and up. We'd like to thank purse.io where you can save 20% off Amazon just by spending Bitcoin and Bitcoin.com for hosting this great world crypto network content. Enough plugs. Moving on. 2-3 Bitcoin full node project and pro tip featured on the Kaiser report. Chris Ellis and pro tip, the little chrome browser plugin that could was featured on the Kaiser report on RT this week with Chris going toe to toe with a venerable but loud broadcaster with both agreeing that everyone should run a full node and support pro tip auto magic Bitcoin tipping on start joint or by donating Bitcoin directly. Theo Goodman, your thoughts on pro tip and the full node project. Yeah, I really like pro tip. It's open source software and it enables virtually frictionless payments on the internet. And it also begs the question, how are we going to consume content on the internet? And you know what, pay up. You're just going to have to pay up if you want to change it and that's how it's going to be. Now it's not going to be easy road and it's not going to change overnight but I think that making it less friction in order to directly compensate content creators without any withdrawal fees or anything else like that. What you have at some centralized services is the way to go. And the other thing is that it's open source. So hey, if you think you can do it better, just go over to GitHub, check out pro tip and improve it as you wish or add to it. I really liked the Kaiser report. It was a good one. He did a good job. Max Kaiser, he's been doing his thing for a while and it's always entertaining to watch. The Kaiser report, the full node project is also a really good project related to the pro tip project. And yeah, I really like it and it shows how you can basically make a DIY 21 computer computer very easily in the constraints of your own home. You can create your own little factory and then put it live on air. I agree, Theo. It really is about creating less friction. With the pro tip Bitcoin wallet plug-in, you can tip 10 people a week without having to configure it. That means that over a course of many weeks, you're soon tipping hundreds of people without actually having to type it in without having to actually click on things. You just keep browsing like normal. You put five bucks in once a month and you just run pro tip. You can also do that with subscriptions. You can subscribe to any Bitcoin address with the pro tip browser plug-in and it'll pay that address $1 a month or whatever you can figure. And I think that's how to spread Bitcoin automated. Blake Anderson, your thoughts on pro tip and the full node project. Well, this is going to get really, really macro here. I mean, I throw back to this sometimes, but it's the future that Kurt Vonnegut kind of rode up where there's giant shifts happening right now. And if we sit on our hands and do nothing, it's going to be the government eating up all the excess value that technological advancement produces and then leave us with nothing as it's finally wrung out and then we're at the point of some horrifying collapse. We either allow that to happen or we can support things like Bitcoin that diversify the financial institutions and just something that's more responsible. And then support a project like pro tip, where we can undo the deep capture that's been done by the mistakes of the current monetary system. We can actually have a bidirectional problem solve a candle burning at both ends where we're fixing the monetary system and incentivizing people at a core level to produce content that's meaningful to them on an individual level that's not corrupted by some kind of a message of whatever have you by GE letting you know that any energy that you make on your own is bad or unhealthy. We don't want to pay for content like that. We want to pay for the content of the people that means something to us. So in the macro context of trying to make the world better, this is an incredible project and then again the DIY aspect of what people know, you can build full nodes on your own terms. You can strengthen the Bitcoin network. You can have a positive impact. It's not difficult. Anybody can do this. I mean, my hat's off to Chris. He just keeps working harder and harder and it's great to see Max recognize that. And Max Payne is doing a little bit. So I thought it was a great episode and really proud of Chris. David Sieman. Yeah, first of all, big props to RT for all this great coverage of Bitcoin. The Max Kaiser report has definitely covered a lot of stuff in a positive manner. This has RT proper. Some people credit my indie popularity with being on a bunch of podcasts. But it was actually all the times I was on RT shows in New York and then later in LA that kind of built up my following. And it's amazing to me that even when the Russian government was very anti Bitcoin for a little bit, it sounded like from those anecdotal reports. The cable network RT was full steam ahead. One of the few cable networks really covering this in depth and not just giving the superficial crap treatment that CNN and stuff are giving at the time. But to go to what Theo said, you're going to have to pay up. I like that idea. There was an IBM report that I tweeted out earlier today about how to democratize the Internet of Things. It was a free report they put out last year. Obviously they have their eyes on cryptocurrency. The whole report kind of hints at that without directly saying it too much. And there's a great quote in there. I'll just quote it directly. The dream of a smart, safe and efficient future is threatened by subscription fees, ubiquitous advertising and intrusive surveillance. And I think the subscription fees are actually part of the solution. But aside from that, I'd recompletely, I think ubiquitous advertising and freaking adware everywhere that is able to infiltrate through your web browser and all the surveillance and all the data mining. When you think you're getting free content, it's not free at all. You're selling your soul. So why not hand over a few Satoshi to access somebody's content? And I think that's the way that the world will eventually go because it makes so much more sense. Exit question. Did Max Kaiser birth mad bitcoins? Max, are you my father? Theo Goodman. I don't think so. I don't think that Max Kaiser birthed you, Thomas. So just keep searching for your father and you will find him one day. Blake Anderson. I know it happened. I mean, I saw the movie at junior. I'm not stupid. And sometimes it happens. In this case, the world received a gift. So I know about looking at give torses in the mouth. And I'm going to say thanks. David Seaman. I like to be a contrarian whenever possible. I'm a bit peter Todd in that respect. So I'm going to go with yes. He is your father. And he and Bliff masters some years ago met up at a bar, liked what the other was about. And as a result, we now have you. So. Well, an incredible story. I can't talk that at all. Coming on to issue four, Josh Garza, God miners charged by SEC in Ponzi scheme. God miners famous for allegedly selling miners that did not exist and plugging pay corn, which famously had a $20 floor, which it fell far below was dragged into court this week by the SEC in the first major US base prosecution for a cryptocurrency scam. Think Anderson's this scam limited to gone miners or is this just the first in a potential viral outbreak in SEC charges? Is the entire Bitcoin industry going to catch on fire? Go ahead. Well, first of all, yes, the entire Bitcoin industry is going to catch on fire. Everybody should get flame retardant things to protect themselves. Yeah, I mean, Ponzi schemes and Bitcoin mining. That's a combination that's ripe for malfeasance. It's very upfront cost heavy. So you're going to have to invest in an infrastructural situation, which has air filter and cooling, and then get a whole bunch of stuff installed. It's way, way, way easier. Just get a whole bunch of money upfront, trickle out a little bit because that's what your obligation to do is anyway. And then, you know, just continually have new money going into pay old investors. That's kind of like the trap that go on miner fell into. And like, if that's true, why open up the zen miners that you can do it up, like even more like if I said another company, then I can have even more debt in contracts. And then, you know, pay coin with like, we got a $20 price floor. It's like a peg like that that's that irresponsible. It's just ripe for draining. And I mean, this is just a disastrous nightmare. I mean, was it accidental? Maybe at first, but like you have to, when your business model runs out, you can't just start stealing money and then be like, well, I stole as much money, and it's possibly good to keep things between the red and the black before we shut down. That's just how things go. That's not that's not an excuse in the business. You know, you don't do that. You have to let people know that you're, you know, planning on paying existing debts with new investment money. And most people want to agree to that. So when you don't do that, it's a Ponzi scheme that does not work out. It's a big risk of that happening around lots of money. So do your homework. Make sure that you're getting your hash power, that you're getting your equipment that they have a good relationship with the amount of power that they're consuming and aren't going to have to turn off as a result of, you know, high power maintenance fees and stuff like that overnight. Really, really do your homework. If only they'd set the four at $10 a coin. It all would have worked out. David Sieben. Yeah, I, I think it's funny that it was called Paycoin. It's like he tried to do the Sean Parker move from the social network, but failed miserably. You know, it's a bitcoins not cool. You know, it's cool. Paycoin with the, with its alleged $20 floor. I think that $20 floor is what attracted a lot of the kind of influential people in Bitcoin. And it was so not morally offensive, necessarily, so intellectually offensive because you're like, how does this fucking work? Like, where is this floor coming from? Why wouldn't Bitcoin have a, have a $2,000 floor if this was practical and not just the total scam? And I think again, it was the intellectual offenseiveness that probably attracted a lot of investigators and whatnot. And I don't think it's part of a viral outbreak. I think this is a case where he was upsetting a pretty significant percentage of the crypto community. And at that point, it probably triggered closer investigation and then they probably just saw the steaming pile of shit that it appears it might have been. And so that's, that's what I make of it. But again, I have not been following Josh Garza all that closely, so I don't want to speak out of turn here. I can say it was very interesting to be at the Bitcoin conference in Miami last year, just around this time, around January and Miami. We were out there, Paycoine sponsored the conference. So when they put the big glowing light on the building that said Bitcoin and Miami Bitcoin conference, they also put a Paycoine logo up. And it was really interesting because after the party was over, the Paycoine logo stayed up, meaning they had spent more money. Inside of the bar, they were looping this really well-produced Paycoine commercial. Paycoine is this. Paycoine transfers rubles. Paycoine does everything. It was like pay base. And at the convention, they had three large booths. They had a lending outfit. They had the pay base outfit. They had the Gaominer's outfit. I heard Josh Garza came to the event briefly, but he had to have body guards. It was a very strange event. I'm glad I went. I think the Paycoine swag that I got will be worth more in the future. Go up in value. But yeah, very, very strange event. A lot of questions. Theo Goodman, your thoughts on Gaominer's and the collapse. My thoughts on it are, okay, I want to go into the whole thing Ponzi. So actually I have no issue with Ponzi's as long as it's voluntary. But if I say it's a Ponzi and you want to join in the Ponzi, and that's fine. Let's just do it. And that's essentially what MMM is. And I really don't have any issue like that. Now as far as, I mean, if you say, oh, it's cloud mining or something like that. And that, of course, you see what happens to that. Also an ironic point. Paycoine starts with the letter P. So it's kind of like a little joke. See P for Ponzi, P for Pay, Paycoine. So it's just kind of like a little, I think it, I don't know if it was on purpose or not, but I think it's a little joke. So yeah, and I think what happened was, is someone got burned or more people got burned. And they decided they're going to contact the authorities. And then that's how it escalated. I'm guessing, okay? So I think that's pretty much what happened. And, you know, buyer beware, you know, do your homework. I mean, if it sounds too good to be true, then it probably is. I mean, come on, do you really expect that you're going to buy Paycoin and it's going to hold this $20 floor? I mean, come on, people. How many times do you have to do that? At least at least if everything else in the world goes to shit, my Paycoin will be worth 20 bucks a pop. That's right, because a guy on Google Hangout said so, and he has a picture of himself in front of these massive mining rigs. And it's like, yeah, got it. And he has a scurly, scurly, pumpy, pumpy website. Yeah, right. I mean, you know, should be obvious enough. But, you know, if you want to run a Ponzi, then just say, hey, we're running a Ponzi. We're paying out massive amounts. And, you know, all Ponzi's come to an end. But if you get in at the right time right now, then just do it. And that's cool with me. Then everyone knows what's up. And you can just do it. Theo is OK with Ponzi's radical departure. Here we are to our exit question. Next company or part of the Bitcoin industry to be charged with a crime. Blake Anderson. I think anybody that's not honest about what they're doing with their stuff is at risk of being charged with a crime. Because when you're transferring Bitcoin in and out of different things or trying to use held funds on the back end or you're comingly assets, then you could get into pretty deep trouble. So I think that anybody that's running a token substrate is at risk of getting in trouble or being shut down. So I could be any number of companies. David Seaman. I don't mean to single them out because I think they're doing anything wrong. Quite the opposite. But I think that given what it does and given the fact that they're very intentionally not taking off the AML KYC stuff that certain US authorities would expect. And they're not doing that because they feel they don't have to and they feel that it would actually, I think, invalidate the utility of their service and the efficiency of it. That's my understanding. I think shapeshift.io is going to come under some serious scrutiny and they'll probably win as long as they have a smart legal team because what they're doing is long as it's in Switzerland and as long as they're treating it as you would any kind of swap of goods that's not really traditional financial tech, like a traditional currency. I think they can win this if they were to be attacked but they seem to be the most vulnerable because they're simply not taking the information that these fascists want us to continue taking. And at some point we do need to have a discussion about AML KYC itself because they keep using this as a kind of boogie man to slow down innovation and there's got to be a point at which we realize that this is a serious drag on the economy and a drag on innovation. And if we're not expecting people who use paper cash, like a restaurant or a gift shop that accepts hundreds of dollars in cash, if they don't have to fill this out, why should shapeshift.io? But I think that's a question that might play out in the courts. I think they're kind of attracting attention. Agreed, David. And those money laundering laws were mainly put in place in the 70s to fight drug prosecutions. So again, we have the war on drugs affecting our legal system, affecting our ability to get new ideas into our economy. And I agree shapeshift is in a tight position. The saddest thing about shapeshift, it's great software. It works fantastic. It just missed its window. It seems if it had been out a few years earlier, everyone had light coin. They had doves coin. They needed to trade them. It would have been a perfect time for that system. It seems they just barely missed their window. Leo Goodman, who's next? I have no idea who's next, ladies and gentlemen. But I think that I'm going to echo a lot of those things. Yeah, anyone that's the so-called token substrate, which is if you're operating some kind of fractional reserve system, then of course you're at risk. Because there's a bank run essentially on your service and you can't pay up, then someone might get angry. The authorities are just looking for something to investigate and they can say, hey, they can wave a flat bit coin, bit coin, we want attention too. So everyone wants attention. Everyone wants to be relevant. When everyone sees those kind of cool things happening, they want to play in the same sandbox. And if they're an authority, they're going to look for a wrong, so-called wrongdoing. Now, I don't know a lot of these, some of the projects that have issued tokens for, I don't even know what I can call them without, it's not IPO, but it's like some kind of thing where you sell before- We've got token compensation. They've called them ICOs, official coin offering. Yeah, initial coin offering. So you're like, we don't want to drag, or you could just call it a pre-sale, let's just say. And it's pretty clever to kind of not make, it's not a share and all that, and that's clear, that's clear enough, but the whole thing with the duck and the authorities, they're not really into that. I mean, to them, it looks like a duck. Bam, we got you. So I'm a little worried about that. Even though some of the projects have really good innovations, and I like the project, I'm just worried about why are you launching IPO essentially in the US. I mean, if you're going to do it, why don't just move everything to Belize, or I don't know wherever else, and then do it. Good point Theo on the ICOs and the pre-sales. I think we also, I don't have insider information here, but I've seen too many reports on Reddit of withdrawal issues at Cripsy. So Cripsy may be in trouble. Cripsy, like David said, is close to shapeshift. They are trading a lot of strange altcoins. A lot of people might have tried to launder their money through these altcoins. They may be very unsuccessful if Cripsy gets seized and has much log files. We have no idea. Information on that, it's just the withdrawal errors look bad. How recent are these withdrawal errors that we're seeing on Reddit? They've been one or two a week for a while, and the general has asked tech support, and they wouldn't help type responses. Theo, do you have more to add? Oh, yes. It's been going on for over a month. It's just that now it's coming. It's just getting big enough that it's on Reddit and stuff. There's a really long Bitcoin talk thread about it. So I hope that everything works out okay, and people can withdraw whatever they need to withdraw. Well, whatever they're doing and working on at Cripsy, everybody gets super upset and flood them with complaints so that we get a resolve faster. Go forth from this show and make life difficult for them. I'm going to say that. That's not the official views of the world, but anyway, moving on to predictions or story of the week. Blake Anderson, are you ready with a prediction or a story of the week? Yeah, I guess my story of the week or time to talk about myself. I've been advising for a company called Ubiquity, and they're pretty cool. My friend Nathan Woznack is working with them. They're working with some people to basically use blockchain technology in a responsible way to help people build contracts and stuff for medical stuff. And I advise for several different blockchain organizations and Ubiquity is my favorite thing. Basically, they seem to have the people that are the most down to earth and the most honest and stuff. Ubiquity is cool. They've been in RG a few times, and I like them a lot. Some of the other, I guess, more popular blockchain firms are a little bit less, you know, the reputation is a little less sterling. So it's good to try to stick with people that you know have good morals, and that's how I feel about the folks over at Ubiquity, my buddies. So check them out. David Seaman, a prediction or a story of the week. I will go with a prediction, so that since I enjoy doing that, I think that the alt market is going to be decimated over the next few weeks, so the next month, I think you'll see a repatriation back in the Bitcoin and a surprisingly large immigration into Ethereum, because if you own a coin that is not Bitcoin right now, and it's a proof of work, alt coin, or a proof of stake, alt coin, you have to seriously look at the growth of the community that supports that coin, and if it's not growing, or if the hash rate of your coin is so low that somebody with $5,000 could overrun the whole currency just for fun, just for giggles, there's going to be a whole kind of paradigm shift for people want to go back in a Bitcoin, especially now that it's getting that top level attention from banks. And the fact that Bitcoin in 2015 is really the only currency that you get sent Bitcoin, and it can be in your US bank account or your Canadian bank account. The next business day with certainty through Coinbase or Circle, and with the alt coins, we've seen attempts at that, I think coin payments has done some cool stuff, but they just haven't come anywhere close to the inroads into everyday money that Bitcoin already has. So, to echo this prediction, big repatriation into Bitcoin, big drop, and a lot of the alt projects, and surprisingly large lift from Ethereum, which will largely come from alt, not from Bitcoiners getting into Ethereum at these prices. Theo, good man. The story of the week is going to be the Fed announcement, and if the interest rates are going to go up for the first time in a long time, or if they're going to go down, or if there's going to be no change, and nobody knows what's going on. Negative. Negative. Yeah, negative. I mean, everything is on the table at this point, even though basically most of the Bloomberg or wherever other talking-head style places are saying, for sure, there's going to be a rate hike. I don't know, I'm kind of doubting it, so I guess I'll go out and say no rate hike. That's my prediction. Live on video, and if I'm wrong, then you can comment and scold me later. I'm joining Theo's camp, I agree with Theo. I think there's going to be no rate hike. I think it's impossible. We'll see. And now a prediction. A tiger cannot hide its stripes. A leopard cannot change its spots. People who seem shady and fishy usually are. The same for companies. If you can't figure out what the product is, the product is you. Bitcoin is a revolutionary technology, but scammers and con artist are as old as the earth. We need to get better at spotting them and shutting them down. Bitcoin is too good for us. It deserves better. Oh, we're out of time. Until next time. Bye, bye.