The Bitcoin Group, the American original, for over the last 10 seconds, the sharpest citotis, 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 in the battle arena. Gabriel D. Vine from Future Rant. Bing's in the Sight-utations spirits in the material world. Tony Vaze from Brave New Coin. Hello everyone, glad to be back on the show. Theo Goodman from Hasse online. Good evening everyone. And I'm Thomas Hunt from the World Crypto Network. We'd like to welcome our viewers from the World Crypto Network and Bitcoin.com. Moving on to issue one. Issue one, Bank of England to launch its own cryptocurrency. The bank seeks a hybrid cryptocurrency model where it radically shifts from traditional cryptocurrencies by centralizing the money to supply. The bank claims it will have all the features of Bitcoin. Well outside researchers claim it will lack the security gained by the Bitcoin network from rigorous public testing. The Dutch are also working on their own blockchain based cryptocurrency. Blake Anderson, your thoughts on RS Coin? Well there's only two things that I really, really, really hate. People just arbitrarily hating a group of people for no reason in the Dutch. So I got to get that out of the way right away. And state that I have a bias there that I need to expose. Yeah, I mean state sponsor cryptocurrency really pushes the bounds of not getting it. I mean if they really wanted to go all the way back and be like we're going to have an actual monetary policy that's going to be decentralized and then we're going to stick to that and make it so you know from the full stack we're going to implement the actual value proposition here. But if you're not doing that, it's like okay well maybe we'll get some kind of a semantic you know better clearance rate at some point down the line that I'll save a couple of cents here and there. It's definitely implementing something and just totally the wrong way and then expecting to benefit from I know almost missing the point completely. We could go through and really really dissect why that is but I think that a lot of the viewers of this show probably are familiar with you know why the way that they're talking about implementation is not necessarily capturing the full you know breath in with the value proposition that is Bitcoin. Gabriel, do you mind? These are meaningless basically press gathering exercises and it's essentially propaganda. And I really think that the gentleman from next David Mondress that was interviewed for this article thank goodness you know put it best at his quote at the end of the article when he says I'm convinced banks can use blockchain technology but tearing out the essentials to do it is certainly not the way that either shows a lack of understanding of the principles or an unwillingness to use the tools as they are meant to be. Basically these banks are up shit Creek they don't know what the fuck they're doing they don't know anything about Bitcoin they don't know anything about the things that really matter on Bitcoin and so they're just spinning out this nonsense nothing will come of it as Blake said they might save a few cents here and there but essentially Bitcoin and crypto currency is a way to disintermediate trusted third parties they are a trusted third party so for them to like use this technology that's meant to disintermediate them is not only useless but actually logically impossible. Tom Vaze. I mean I completely agree with Blake and Gabe but then we just do this with China like two months ago or something and there'll be more countries next and what I keep saying is all these countries they already have a digital currency it's their local currency it is like 95% digital there's just some paper hanging around that is really bothering the hell out of all these nations because we're all money launders and we're all tax sheets and it's the fact that there is paper currency that is stopping them from solving all of our problems and this is just another attempt for all these governments to eliminate paper currency and they're just using the latest technology buzzwords to help them get there this has nothing to do with Bitcoin this has nothing to do with the blockchain it's actually embarrassing to equate it to I just see it as another attempt by central bankers to give it a cash so they can have full control of the monetary policy instead of 95% control of the monetary policy and their reasons for doing it they actually had the goal to say it will make it more transparent for the institution printing the money I mean that's hilarious I mean they can make the current system as transparent as they want it's all digital there's nothing stopping them from doing so now it's just completely disingenuous it's across between being disingenuous or completely clueless I'm leaning towards just disingenuous but never rule out the stupidity of those that work for government or the educators from institutions advising government so that's all I have to say on that you're good well yeah I guess that we're all in agreement it's an amazing you know thing that happens here sometimes but what I would say is that definitely hey we're still relevant we're still here so we've got also a cool blockchain thing and we even have a Bitcoin thing and a blockchain thing so we're really relevant we're really cool and I think that's what it's a lot about and you know hey hats off you know golf clap to whoever sold them this and made day I mean made a lot of money probably selling them this thing I don't know whatever so you want to donate maybe you want to donate to World Crypto Network whatever consult new are because I don't know what you sold them but I'm sure they paid something for it so I don't know I mean yeah like everyone said what if you centralize it then what's the point really you know missing the whole point and yeah you already have digital money everyone uses online banking and you know uses database and and all that stuff so I don't know somebody 50 grand to show them how to use GitHub yeah yeah but just repackaged in a really cool way with some nice power points and you know good speaker good sales guy you know they got whoever got Bank of England in their sales funnel hats off to you that's a very good point Theo and remember during the gold rush it wasn't the miners that made all the money it was the people selling the shovels so I think we've just seen that again exit question rs coin will be vaporware that is to say it will never be released yes or no Blake Anderson it's not going to be vaporware I think it'll become you know it'll be released and I don't think it's going to functionally they think that it will and if it did it would be big corn Gabriel divine I don't think it's vaporware and I do think it'll be released and it will be priced by the market accordingly aka zero turn days no I don't think it'll be released because it's just silly they'll just turn the pound into a completely visual currency and get rid of the cash component why would they have a new name for their government currency other than the currency of the government Theo goodman no it will be released this is symboling the beginning of the true new world order where all money is tracked we are doomed the answer is yes rs coin will be vaporware will never be released it's just another bank project issued to major sites including the new york times and the bbc were hit by bitcoin ransomware and a new trend known as malvertising the hackers inserted the malware into multiple ad networks using vulnerabilities and microsoft's now defunct silver light player the situation is complex and fascinating with fault lying both on the side of the insecure computers and the existence of a useful digital currency which acts as an accomplice in the crime i ask you gave real d bond is bitcoin responsible for this new trend in malvertising i'm gonna say yes and that may be a contentious viewpoint in the sense that advertising itself is the problem here bitcoin is the solution in not only one way but many ways so first of all i think it's just hilarious that silver light is involved in this story because that is the most useless bloatware malware project hey hey hey hey i still use it i still use bonzi buddy in my start menu i don't want to hear any of this opinionated step i just want the facts you know it's this is clippy you know 2.0 silver light is completely useless all it is is microsoft muscling you know corporations to come into exclusive contracts with them to replace an already existing totally security vulnerable project called flash woman doby totally useless and unnecessary duplication of that exact same functionality and of course it's already been out of commission for three years they're still releasing security patches because it's such a piece of crap and such a security vulnerability um and the other thing i think it's interesting to mention this article besides the bitcoin angle is what's the political motive you know of the individuals that did the attack on specifically western media outlets who are known propaganda mouthpieces for these so you know hypocritical and totalitarian governments so i think it's really interesting to see i wonder if you know it's could be other governments could be um you know anonymous could be anyway so it's an it's an equal mix of hill of villains and heroes that have identified what to do here yeah yeah exactly i think so and that that's always always interesting when you see a project like this where they're collaborating um but i think it's some also just amazing as you as you pointed out that bitcoin is a type of accomplishing the situation and we've got this completely maladjusted uh where the economy based on on this advertising issue which has so many problems to it it completely corrupts the content models and enables uh and encourages propaganda and and totally useless uh transmittal of information and many other problems uh bit coin as you know a micro payments platform for access to content is you know touted at rightly so as a solution to this problem in our culture but it's great to see that there's indirect ways that bitcoin can also take down the advertising be um you know behemoth with um you know ransomware attacks on media outlets so it's pretty pretty fun to watch and i'm sure there will be more vectors of attack on the advertising paradigm from crypto in the future tone maze all right so um i mean it's kind uh you kind of blind and you you have to give bitcoin a little bit of blame but the amount of good that bitcoin brings to the world completely outweighs the negative yes it enabled this particular um malware that now allows the hackers to extort money from the people that they hack unlike before where they can only steal information or um just mess with people's computers um so yeah bitcoin will take a little bit of blame for that but um but it's also going to lead to a whole revolution in digital security uh and if hospitals are getting hit by this then they need to invest a little more in their digital security uh same thing with police stations especially um and same thing with people uh so i think the entire model of what people store on their computers is going to change along with uh what Gabriel was saying that these companies need to take security more seriously with uh with things like silver light and some of these other ones uh but going back to what you store on your computer so i am fully aware of crypto locker and this is how i protect myself so i have uh microsoft surface that i use as my normal computer yes i understand its windows which is a major vulnerability but you know what i don't store anything valuable in this computer i use it every day i use it all day long and i make an attempt not to store anything valuable on it so that if it ever got crypto lockered i'll just reformat the hard drive and hopefully you know i i back up my uh the few pictures that i have on there and probably the biggest thing i will lose is uh the websites that i have saved uh but there's really no nothing valuable on there there is no um there's no bitcoins on it there's no important files i mean i back up a few documents that i write every now and then on a usb drive and that's it in addition the way it will lead to security is people won't be storing anything valuable in their personal computers um and it's not a good idea to really store anything valuable in the cloud unless it's encrypted and i think this has a lot to do with what apple and google are now trying to do to fight the government for privacy and if apple and google are able to pull it off and they're able to actually provide privacy to the end user then then uh people like me will be more comfortable with encrypting easily encrypting all of our files and store them in the cloud and then uh or on google drives or whatever i personally don't use that stuff because i don't find it secure at all and i don't have the expertise or uh i guess i'm lazy to encrypt it on my own and put it there uh so right now i don't but i think in the future uh these companies will provide full encryption of full privacy to the end user so that we don't have to store everything in our computers uh for something like this to attack us i just used the cloud and then my security is guaranteed forever i think tone does make a good point here everyone should always have backups if you haven't backed up your computer in a while you don't have a backup hard drive get one now back it up now most of these crypto lockers situations could be solved by reverting to the backup drives but the problem is if these companies or hospitals or police stations haven't been backing up regularly they would lose the last 24 hours of user work or worse uh so that's why they're tempted to pay the ransoms or try to unhack their machines so backup now backup deal good man go ahead yeah i'm ready now that i've backed up my computer as he said that but uh yeah i don't really have a whole lot to add except as far as um what Gabe was talking about as far as the advertising situation that we're in as far as the web well the only way out of that is people just have to pay for shit basically so as long as we're not willing to pay for anything then they're going to be ads because that's how it works so right now ad revenue is the model um and the basic way for that to change is people pay for things so as far as crypto locker and all this other kind of stuff again someone's making a lot of money and it's a lot of the people that are fixing these computers and getting called in you know they're getting they're getting a nice little chunk of cash for solving all the problems so if you want to save money backup your computer it's a lot cheaper and Theo's right you can pay almost any website with pro tip at pro tip dot is it's open source free uses bitcoins all the content creator has to do is copy and paste their bitcoins address anywhere on their web page soundcloud youtube anywhere and this is open source of free anyone could build on this add to it it's really great pro tip dot is Blake Anderson well i was about to expand on my thing about the cloud i mean the cloud is created to consequence free area where you don't need to worry about who has access because everything in there is just secure it goes to a location that's not even real so like how can anybody get to it no i'm being maximized i'm asking about the cloud it's funny that's what's uh it's sold as to many people and then you get there and you're like what did you what did you think this was then they tell you the salesperson they hurt and it's like holy shit that i see a great sticker that says today i learned the cloud is really just someone else's hard drive right which is why i said i would never ever use it until i know the data's encrypted so nobody else can see what i want to have in there yeah your hackers some kind of you know extremely multi-sig you know if it's going to be out there it's going to be you know the equivalent to you know the secure information in a box it's put in times square it's got to have a really nice lock on it you can't just have all the way in time to put some you need to put some data on there that's just not encrypted and looks really new and pleb and just really normal now put some vacation pictures up there then it's like there's no red flag you're going to look weird because you don't have anything in the google drive so just put some you know nice pictures of flowers or whatever and then you fit in normal you know make a Facebook account do some stupid shit you know whatever then you look really normal you're going to set off all kinds of triggers when you don't have that yeah so so basically the robot virus will look through your you know it'll it'll shell your stuff and look through it and be like oh the pleb has come has nothing of value and it will leave but really you've got you know microfeesh scans and some kind of a sublayer of an Adobe document and huh but anyway I mean yeah does Bitcoin enable things to happen it couldn't happen before well that that's a really doozy of a question especially if you take it out of the specific context is a book by Walter Block defending the indefendable and it goes through the pure like you know anico market pure you know internet like what's good and what's bad what actually is going to go in harm people and what's just really kind of shitty behavior but you know it doesn't really go in harm people and one of those things is the person that's the blackmailer well blackmail is very very similar to a situation where in which you block in in lack in lock somebody's information that really you could have deleted you could have deleted it but you didn't and you give them the option to secure their stuff for you know a financial payment and um is that defendable and um I used to have a position where I thought it was really indefensible I still lean towards that but um the first time I ran against somebody with a a different solution I reacted very emotionally to it saying you know hey blackmail is indefensible it's a terrible thing but then the more that you hear about it in the market you know relationship that equalizes out with it it kind of um becomes something that's understood as something that's galvanized against more in a situation where it's assumed that it can happen and people are almost harmed by a situation wherein it's it's tried to be prevented and um there's other situations that that's illustrated really really easily it's really hard to illustrate the net value of blackmail it's probably one of the absolute hardest indefensible things to really defendologically but at the same time there is some kind of a value proposition around well it's better that they got hacked sooner than later um the the damage could have been you know infinitely worse if the things were just deleted instead of there was an offer um extended to uh Walter block uh yeah what did I say yeah yeah I'm just making use of dr. block you went okay just wanted to make sure you met and this would almost be a good maybe extended chapter or an add-on thing look there's this new situation that's come about it's not killing people or you know clearly violating their negative rights but it is very very controversial behavior and it would be fun to study the market impact in different ways versus the impact on individuals and how courts should or shouldn't be involved in this new paradigm that really uh has been brought about as a result of this new currency all good points i think it's important to stress well bitcoin didn't directly cause this malware like tone said it does kind of play a role because previously all hackers could do with steal your information maybe your information happened to be your credit card they could inconvenience you they could shut you down they could ruin your computers but now they have a monetary incentive to ruin your computers they could actually get paid and not really from it's a you know complex ransom uh but they can ransom a whole lot of computers they can do it efficiently they can scale this now as they say and this and this goes to definitely into the area where i keep saying you know dax not autonomous corporations are great and stuff but you know while we're working on the theory of that not just getting excited we can also work on the theory of trying to mitigate the disaster of sophisticated decentralized autonomous traps that go out and do bad things that has to be worried about as well as the things that go out in the promote good behavior yeah also also i think this is going to lead to a lot of great things like i said earlier i just want to emphasize real quick it's going to lead to this whole level of innovation for security of people's files and the only way to really do it is with encryption and i love it i think the crypto locker is going to have people think twice about where their data is and uh who else can see it um so i think this is going to lead to a lot of great things for privacy because of crypto locker very good i just want to say we're we're listening to your comments in the chat room if you have a comment or a question go ahead and post it in there Theo is monitoring the chat Theo what's going on in the chat so far uh well we do have uh one comment about advertising just one moment and i think that i would tend to agree with it uh dan Anderson says monetization is what allows content to be produced gtfo so you know i mean yeah that's true it's just a matter of you know how can we change that in my opinion yeah the way to change that uh how it's monetized through advertisement is that people actually pay for something and uh he also says if you got a problem here's a solution back it up back it up back it up so i agree it's pretty good yeah i agree with that yeah and uh you know a blend in at casual buy but coin or the comments we have so far but that's pretty good so far so if you have a question we'll try to get to it by the end and i think that's i mean if i could jump in really quick on the question as far as the solution to advertising i mean i didn't think that we went to imply that advertising is a net loss everywhere but there's systems that can be fundamentally rearranged so that people are using like micro transactions like pro-tippers of unlike that to actively subscribe to subscribe to things that they like for example there's a channel called can't stump the trump on youtube it's hilarious it's hysterical satire making fun of the election and like there there'll be 200,000 views very very very quickly this is a new channel and it gets that many organic views it's like let's see this looks like something that it would be you know really really funny just as a result of the amount of support is gotten to actually directly try to uh fun stuff like that you have much more entertaining content around that just you know whatever's on msnbc the safe milk toast you know kind of uh circus that's there so i think that you know advertising is not completely bad it's just gotten into a bad way that needs to be untied well just i'm also going to weigh in on a comment real quick i mean this came about because the users ended up getting more aware from clicking on advertisements from time the uh new york times dot com right am i understanding it correctly the problem yes i'm not really happy about all of this no actually uh there was i believe the malware was targeting the employees and the internal on the internal networks of these media outlets okay for some reason i thought i had to do with um end user uh seeing the advertising the advertisements uh but but again right this goes back to the security model in that if it's a website like time magazine or something else uh seriously don't just take random code for an ad you know get some programmers and get some real security to put the ads on there right uh no i was wrong about that they targeted the the media sites in order to deliver the malware to their users right that's that yeah my my my my understanding was parallel with tones right so i mean do a better job of you know making sure that the advertisements you're shown to your users are actual advertisements are not more aware uh i mean the responsibility is going to fall with uh with the company whose website it is it was like a paragraph of code i don't know what the fuck it was i published it instantly exactly all right let's move on to the exit question exit question will the media continue to blame bitcoin for malvertising yes or no Gabriel D. Vaughan yes very much so until they're all disintermediated by microtransaction media outlets tone veys uh the media is going to be blaming bitcoin for everything this is just one small thing in a long line of excuses for why bitcoin destroying the world and we'll get that out in a later question Theo goodman oh yes definitely they're going to use that as a headline in order to get traffic to their website so they can show more ads for people to click Blake Anderson i don't know we don't really have any monetary incentive for being here all of us we're just kind of you know saying our opinions so they're all going to steal this data so i'm going to say no they won't because it's not a very good idea man and i wouldn't even dream of it because it's just waste time the answer is yes malvertising is the new silk road for bitcoin and now the plug don't forget to shock with your bitcoins like coins and even ethereum thanks to shapeshift at purse dot i.o sign up today to save 20% off amazon i just bought a new kindles and new shoes and even a blender all right there on purse dot i.o with bitcoin and from amazon too yes it's true virginia you can shop on the internet with bitcoin and save money too at purse dot i.o issue three are any altcoins currently useful no says manero developer ricardos bagney altcoins long called by many the great laboratory of cryptocurrency a metaphor going back to the theory that the states are meant to be the great laboratory of democracy has sparked discussion lately with ethereum and other tokens value skyrocketing but let us return to earth and is here and discuss the matters raised by mr. spagney and this honest and straightforward interview altcoins what are they good for tone veys uh... there they're not good for anything i don't even know how to elaborate on this uh he's absolutely right i'm starting to uh... have way more respectful manero it's not that i didn't have a respectful manero before i just didn't know anything about manero before uh so i'm he's right i mean there there's the go read that article there is going to be in the show notes i don't know what else i can add if you if it's a straight up altcoin i mean the developers can play around it's great maybe the big coin will mess up in the future who knows uh but then how do you know which altcoin is going to become popular you just don't uh friendster could have taken over from my space and not facebook right i mean we we just don't know um but um so if it's just a straight up altcoin it's it's useless other than some features that may be incorporated into bitcoin if it's a non altcoin project that decided to tokenize and i can't believe you guys added a theorem but i'm not i'm not i'm not gonna go there i'm not gonna go there because shape shift dude we have 40 other altcoins as well yeah shape shift yeah shape shift we have black coin and uh i don't know what kinds of other ones okay i'll page them shape shift pays them big coins so they don't care okay okay and then that's fine um now if it's a non economic uh value transfer project that decided to tokenize then i still i still don't see a use for it i don't want to get into an ethereum discussion or factum or auger or bit shares or i can go on and on and on um i think the idea to tokenize it um is dangerous and stupid but uh they're all gonna pass bitcoins no use hmm they're all gonna pass bitcoin of course yeah all at the same time they're all they're they're all they're all gonna trump it uh yeah no i there's really no use for altcoin maybe in the future i doubt it but um no it's already the article he's right Theo goodman uh so the the question is do bit do altcoins have a use and i would say definitely they have a use altcoins yeah well yeah well altcoins are you know some of the best betting chips that exist currently and have one of the lowest entries so you know anyone can speculate on altcoins i mean you probably need a little bit of bitcoin first so that's pretty much the barrier but you know to get on an altcoin exchange it's a very low barrier to entry there is much less or no regulation compared to penny stocks so if you like penny stocks then and you want to you think you wanted to trade them we'll just forget that you know because government shuts those pump and dumps down all the time just go to altcoins 24 or seven 365 days a week pump and dump there you go altcoins are back now in the meantime there's that tech stuff involved with them now all that's features and all that cool stuff and actually some of it is good and has some kind of merit somehow now it doesn't have a use well one use is um to air gap your bitcoin transactions using shape shift or another so you know you just go bitcoin altcoin bitcoin bam it's a little bit of an air gap you know that's pretty high-tech security right there uh so that's one use that's a use that's a real use that I think needs to be the other use is to be an alternative that is active with a stable blockchain so you know some people were said Theo you said light coin is good or something in the comments well the reason I said it's good is because it hasn't really high hash rates been around a long time people know it I mean you know really if you had a real shit hit the fan situation that is the next one with the highest hash power as far as I know now Ethereum has the highest hash power now I don't know but it doesn't matter that it does and it's been around really long it's probably the the next one as far as that now okay it doesn't have all these bells and whistles and super duper features and smart contract thingies that nobody uses and all that kind of stuff but you know whatever that that's a use of it now of course the other uses are experimental, Dow smart contracts side cheney thingies and all that kind of stuff and you know we'll see if that has a use and if that's going to be integrated into Bitcoin or other blockchains with high hash power we'll see we'll see how that goes but you know as far as crypto is concerned you need to be around for a while because things come and go very fast. I think Theo makes a really good point here that altcoins are pretty much an unregulated gambling market and even if you're underage and you'd like to gamble which we're not suggesting we are saying that altcoins are available to you Blake Anderson. So we get so underage gambling gets to be what I'm gonna be like yay altcoins and underage gambling well before I take off. You can't lose your future before you even have one. Don't just let the older generations mortgage your future you get a load of lucky seven coin. No let's let's say hello to Chris Ellis here who decided to grace us with him with the graph of how good is it Chris? Yeah good man I just really enjoying this topic and I so I was watching it and then I thought I'd jump in here so anyway you go ahead. I want to I want to hear I want to hear from you first because I like to have the last word and I want to be contrarian. Okay yeah I do have you on this I think that they were for a while a good place for laboratory or you know discoveries and obviously you know one of the first people to get on feather coin feather coin was the first cryptocurrency to really kind of bring it out to a wider audience then you had Dogecoin that did feather coin even more and got it even to an even broader audience and so they certainly drove up awareness the problem is this Gregory Maxwell points out from blockstream is the really all that happens is the community managers of these coins end up chasing speculator sentiment and so they're all about announcement threads they want they need to get an announcement on the Bitcoin to talk forum then they need to get another announcement to say that they've got micro payments working and they need another announcement say they're getting into Africa somewhere or they're doing something and there doesn't need to be any real substance to any of these announcements what's important is that they stay top of mind that people kind of invest in them thinking they're kind of go up and value what's the point the point is that people don't really care about the altcoin itself they care about the dollars they're using the altcoin as a vehicle for increasing their purchasing power net right the light coin has really always just had one strategy get on another exchange just get on the next big exchange increase the liquidity drive lots of speculation leading up to that adoption get the price to go up with the harbing we're up to like eight dollars it went up to 48 dollars where Max Kaiser you know announced that it was going to get up to 50 dollars you know a couple of years ago and really it's just a a very arbitrary way of distributing wealth so I think that we talked to okay Tosci about this in yesterday's show about the full node I do think there is potential for the now to have value with these small single board processes like the full node plug plug plug that I'm building at the moment I've got my little work area over here all set up so I'm making all the disks and everything and the reason I'm slightly open to persuasion about what okay Tosci was saying he's the founder of okay cash is that the okay cash because it's proof of stake and because of the way he's doing it it gives people a way in if they don't have the ability to mine it gives them a door in through which they can go so for example I can give okay cash to alcanani all this chap I've just met from from Sierra Leone and he doesn't need to invest in mining equipment just to get into cryptocurrency we can just send him some okay cash and he can start staking and then he starts to get you know through shape shift and other vehicles he gets away in and anything anything that gets you out of the government backed via you know world as gotta be a good thing surely so I am open to persuasion but I but it will you know I do think that a lot of the time these that just like casinos chips you just gotta be really really careful with it I think Chris makes a good point about Litecoin's eternal quest to get on a second exchange many years ago there was lots of talk of Litecoin getting on Coinbase as well as on to mount gocks and now we're seeing the same kind of talk for Ethereum they're begging Coinbase please accept Ethereum they're begging over the public tweets and we're gonna do the Ethereum thing because like I've got a whole I've got a lot of material I what is it with the fucking yeah around like he are like they're I swear to God I swear to God like now to say this one thing okay there are the hot this whole like industry of public relationship you know public relations people in this industry that have a folder a binder with the Microsoft Azure press release that you know let's get R3 and all the banks to use our blockchain then they got this is like now we're like being using they've got these ready made press releases I shit you not that are just like does anybody else why is everyone falling for this it's just such a scoundry contract man Microsoft is using it I think that we could do a whole show on Microsoft Azure alone you know just that whole topic yeah I think it's important to know it is just a really overfunded high school science project and I'm all in favor of high school science projects but 15 million dollars really are you excuse me are you saying that high school science has no value I'm not I'm saying it doesn't have a 15 million dollars worth of value in a 3000 percent markup and how dare you how dare you say that high school like Joseph Lumin's a really rich guy and he's well connected and when ever I've spoken to anyone that works at the email consensus about the guy they also he's really secretive and doesn't talk about anything you know what like if you've got somebody at the top of your organization that isn't being transparent and you know you do telling the truth to everyone about what's going on I think the fish rods from the head down and this guy is like I don't know what influence the price to go up like where did but I don't think it's anything intrinsic to a theory and put it down well and that's all remember that a theory of a token that's mostly used for smart contracts I don't know anyone that's used this token for a smart contract if you're buying this token to use it for a smart contract I understand why you're buying it if you're buying it because you think that because it's a token it's also a currency you need to look at the economic background of a theory they can print unlimited units there was a 60 million a theory of pre-mind and we just don't know enough about it it's not Bitcoin has a limited number of your units it doesn't have a pre-mind you have to compare these options when you're choosing what token to use as a currency don't think it's going to be a theory Blake Anderson let's let's get back on track telling you can talk about all right now go ahead go like go go ahead Tom go ahead Tom now I was gonna say real quick that uh I mean the Ethereum guys keep talking how there's so much better than Bitcoin and how they're not for speculation yet like like Chris said they're begging to be on Coinbase which is as a trading mechanism which is kind of ridiculous and I recently attended a big an Ethereum for dummies event in New York it was like like several hours long and then me and then Anderson did a whole one hour recap on another podcast so and I talked about just that Thomas about how they created 60 million out of finair for sale and I would love to see the numbers how many they actually sold and how many the co-founders kept uh just for themselves and I don't even know who all the co-founders arms the waiting for my list no one is able to provide me one I can name about 10 people of stuff on my head but I know there's more Blake Anderson going back to uh alt coins so you have anything more on alt coins because we try to move forward in the issues here well I'm gonna talk about my own chip that I want to talk about I mean I don't know what you're talking about here everybody else it's just you know no uh yeah alt coins I think that you know the talik for a long long long long long time said the same thing and it was a very honest and accurate thing that he kept saying he would go to conferences and you would look at people that are talking about the Ethereum token and they would ask him about it he would say look when you're gonna invest in a project like this your investment really it could be lost you have to look at it as a way of the people that have put their time into this to get their money back out as the price equalizes so they can get paid for the work that they've done looking at it from that perspective yes if you like to support the research that's going on there jump as much money as you want into it but what happens is I don't know if you know if you know the talik has taken a turn to saying the opposite I've never seen him come away from the position that I've heard him give which was tenable which was you know compensate us for research it's moved away from that to certain people being like yo let's you know pump and dump or just say that it's gonna pass Bitcoin or you know all kinds of super crazy shit and even just recently somebody was calling me out on my page they're like you know have why haven't you said anything about this and like I have on March 2nd I said that you think it needs a big pump because the foundation is you know getting low on money and certain factors are going to drive a pump and you look at you know what happens over the next 30 days a gigantic stupid like you know that's a pump that's exactly what I was trying to call out there I don't want to you know scream myself horse in the streets trying to you know out shout everybody else that's saying that you know it's going down but I also want people to realize you know sometimes the people shouting the loudest to do something they have a interest that's maybe not just in delivering information you should take that with a green assault and aetherium recently with the you know price discussion has gotten to that kind of fervorous you know level so yeah invest in the theorem if you want people to be able to get you know money out of it for the contracts a lot of the use cases for aetherium end up forking the technology down so it's a little bit more stable can do less things but can do them more well without the risk of some of the other you know quote unquote scope blood that's come into it so I think that altcoins are extremely useful but there is almost as much of a danger as there is usefulness and people masquerading around as them them being you know capable of doing things they just plain are not and then conflating scientific value with material market value it's a very risky and dangerous game Gabriel D. Vaughan well I want to say I agree with theos breakdown of the altcoin market that you know that's primarily for uses speculation tech exploration experimentation as a alternate blockchain to bitcoin in order to extend the functionality of bitcoin by going off blockchain into another blockchain and also as a bitcoin sort of insurance in case of collapse or attack to have these alternate altcoins so I do think that they perform a function although generally it's far far less than anybody actually working on these altcoins generally states with the exception with the exception of this gentleman Spani who is obviously just saying the opposite to get attention to his altcoins it's kind of transparent in that sense I do want to point out that the speculation side of the equation includes not only gambling as you said betting chips you know it's a very useful you know way to gamble you know in sort of penny penny stock type of situation but speculation in the sense of future possible uses like you know the technology for privacy and anonymity is still developing and you know that's an important thing that you know ties together the experimentation and the speculation and that applies to ethereum too it's not really I don't think it's a valid point to say I don't know anybody who's using a theory for smart contracts well of course not it's a completely nascent technology and people are speculating that at some time in the future it'll be worth something just like in you know people were doing in 2010 and 2011 a lot and even 2013 bubbles in bitcoin where yes it had uses it was being used which is more than you can say for a lot of these altcoins but you know some giant proportion of the price exchange rate at that time was due to you know people getting excited about the usefulness of this technology in the future and ascribing monetary value to it so I think in general altcoins are really good backstop I think that's a genuine use where if you only had bitcoin then people attacking it would feel much more confident if you've got infinite other coins that could easily pop up their technique for suppressing it and attacking it is going to have to be a lot more subtle and it's a lot harder to kill so go altcoins but I did I didn't want to say I don't know how a lot of altcoins I did want to jump in and say you made a comparison to bitcoin which was very very close but I did want to say that at that time bitcoin was programmable money which was functioning as programmable money and was being used as programmable money and was live and in production as opposed to none of those things being the case with Ethereum. Yes that's well yeah yeah I guess the full I mean Ethereum is a functioning cryptocurrency blockchain of course but yeah the full suite of features of course with lots and lots of checkpoints it's not a stable it's not in a stable state and you've got very rapid this is Joseph Lovyn by the way this is his LinkedIn account and he's the COO of consensus and if you just take a look down at his previous history you was the VP of technology at a company called Goldman Sachs you can look them up you'll find some interesting stuff on them and then what you've got after sort of 2001 there's a long time ago bearing in mind you then sort of gets a job as director and New York office of blacksmith technology is very vague sounding then you have this almost 10 year gap in his CV and I've been trying to find out like what's in this gap what's this sort of nine year gap that he's got in his CV I don't think that when I'm going to take a while stab in the dot when you become like a VP at Goldman Sachs I'm going to take a while stab in the dot that's never something you ever really walk away from like you never leave that industry once you get into that industry you make a lot of friends friends with lots of amounts money friends that can for example when I'm just a pining now could for example take it a little shit coin with low liquidity on an exchange and make the price go up thousands and thousands of percentage points over a course of a few months that could let's just say liquidate a very ailing foundation that has no money because they overspend it on marketing people for example I'm just a pining I'm just I'm not saying this is true I'm just opining so yeah you should definitely be asking I encourage everyone who watches this show to ask hard questions of Joseph Luben why I have been told by by members of the theorem and consensus that he's very secretive and he doesn't talk about it when I meet someone like that in a position of authority I say no fucking way you don't get to be all silent like that you do have to be transparent like anonymity for the week that accounts for the super strong as Julian Assange often says and I think that when you've got somebody like him he's got lots of money I think he do need to be keeping them you know on their toes so do that. Chris let me jump in there for one second because I was also a VP at an investment bank now it wasn't Goldman Sachs it was JP Morgan and I know I I poned around my VP at JP Morgan because it helps me you know helps my background but honestly it wasn't a big deal I'm sure Goldman might take their titles a little more seriously but becoming a VP at a bear stern at a JP Morgan at a Lehman Brothers I know two of them don't exist anymore it really wasn't a big deal at all it's the next level up that's really important and that would be a managing director I do I say that from my experience at Wells Fargo when they acquired with covia we acquired so many BPs I was like that title is everybody at this company right and that's it really doesn't take much it just takes you know competence like five years if you have a masters degree and five good years of employment without you know screwing up you should make a VP at these companies but the next level up that's the one that's actually interesting and one other quick point I was going to say that I'm trying to remember real quick besides the VP on something you said and I'm now drawing a blank though how do you how do you drive that much liquidity into an in-liquid market and then what you just happen to have this really rich dude who's well invested into a theory my I'm speculating here but I'm guessing that's another coincidence oh yeah I don't want to speculate I don't I don't know what happened so I don't know I don't know how rich he is again that he's a private guy I don't know that much about him myself I'm going to tell you about him until we push the absolute rid of free speech I want to I'd like to just point out that not all all coins are built the same not all of them are built on this you know our Bitcoin variants are clones you know the prime example being made safe network which is not live yet or anything it doesn't exist yet this safe coin they have a token pre sale that will be you know exchangeable for but their their crypto is completely different it's the design has been around longer it's has no blockchain blockchain involved with it it's totally not traceable so it's it's more like a cache and it's also not divisible it's a very different type of thing and the people call it an altcoin because it's you know valued on the market and it is you know a a cryptocurrency but it's not blockchain based so interesting you know there and there are other whatever confidential transactions and all sorts of other different technologies too that are included in the altcoin umbrella oh sorry I for one was told that does coin was going to the moon and I plan on holding my breath until we get there exit question what's your favorite altcoin just tell me in one word because we got to go on to the next topic we're running out of time tone vase give me go and finish your idea and then tell us your favorite altcoin I was going to say back into 2011 when Chris was saying that people did speculate on Bitcoin they spent a Bitcoin after Bitcoin had usages it was already being used to donate money to WikiLeaks and Chuck Schumer blew it up all over the so crude issue so all the speculation came after there was a use case which is not what's happening in any of these other ones I no longer have a favorite altcoin the last time I was on the show I said dash now that I've learned a little more about the Insta mine how it all went to Evan I am no longer a fan of that one either so I have no favorite altcoin whatsoever Chris Ellis Bitcoin is an altcoin remember it's an alternative currency to the fiat banking system Theo Goodman oh my favorite altcoin is Litecoin because it's so innovative and so high tech and I really like all of the extra features entirely we trust Blake Anderson oh yeah I mean I'm going to say I'm not emotionally goes between either ether and Litecoin ether has a lot of working against it because of what people say but as far as just you know no emotions whichever one is more stable when I want to step out of Bitcoin for a moment around an event that I know is coming for trading then whatever I trade to is my favorite altcoin at that time and then you know the utility is the peer measure of that so right now I think it would probably be Ethereum by that measure but Litecoin Gabriel D. Von well until we have free energy and alchemical transmutation I think that rare earths are good altcoin and the answer is Bitcoin crystal my answer Bitcoin is the best altcoin issue for Venezuela and state owned television launched an anti Bitcoin campaign on their website this week claiming that Bitcoin is the ideal currency of the dark side of the internet and that Bitcoin is a haven for drug dealers rapists and criminals it is no coincidence that Venezuela's currency is experiencing hyperinflation and its people have no choice but to spend their paychecks immediately to avoid the inflation while their savings has been completely wiped out no choice that is except Bitcoin Chris Ellis are they fighting us now who will win wait rapists well how do rapists make Bitcoin did they charge for the rapist like I'm going to rape you but you got to pay me Bitcoin now like how does that work it's it's bit raping it's not a joke oh wait you're not miss quoting Donald Trump are you he made the comment about like Mexican sending rapists over the border that's terrible make a big I heard I heard Donald Trump he said like the Mexicans are sending rapists over the border and they needed to pay for this world he also qualified that some of them are good people well he said that illegal he's the people that break the law are coming up because they have a record that makes them rapist or they're which is very I'm sorry but that's the equivalent of somebody saying I'm not racist I have lots of black friends I'm sorry racist I have lots of black friends yeah I'm not yet you're afraid I've got lots of straight friends are you know like I have yeah um yeah so we have actually I have met quite a lot of people from Venezuela in in the forums and so on and I think that the Bitcoin and these cryptocurrencies has been popular there already for quite some time and as I understood it back when I was working at Feathercoin we did have a chap there that was from Venezuela who told me that there was a black market dollars that you weren't really supposed to to trade in dollars but people were so there was an appetite there as we know there is in Brazil also so yeah of course they're going to be not happy about this like what on earth did you expect deal good man well that you know the article or it is not so far off Bitcoin is great for drug dealers dark market and about anything that the government can't control that's that's true that's correct now the rapist thing I don't really get either you know but you got to throw in you know it actually you I mean it could be partially propaganda but you know at the media sources they got to get clicks to get people to visit the website to click on the ads and the affiliate links so you got to include something that's going to make you click so Bitcoin the currency of drug dealers that's not interesting enough but if you throw in some kind of like violence drugs illegal and other random stuff then you're going to cover about everything and you're going to get enough traffic to make money so it kind of relates to the other topic we had today and it's not entirely wrong but I really don't see how rapists are going to use Bitcoin this is a new dimension of media and let's see if the western mainstream media catches on this clip-to-bait story and we see the rape in Bitcoin Mr. Bitcoin tear down that wall Blake Anderson well I mean yeah it's it's very interesting I mean we already know the use cases for you know the silk road and for drugs and stuff like that but let's say like that I'm a vicious completely intelligent rapist and I'm going to go and do some drug-fueled raping in Venezuela like if you want to use Bitcoin for things that don't involve a violation of negative rights where there's like a hard crime that you're going to be like woo look something really bad happened here there's a lot of reason for people to bring attention to it and to start looking at what happened and tracing back you do not want to get Bitcoin involved in that situation you want to get some filthy cash and go and you know go through tunnels and change cars and stuff and do that I mean if you're going to do a deal with Bitcoin that involves nobody being pissed off at all I try to like hide behavior that's not going to trigger anybody to come and look at stuff unless you know that something really weird happens like that's a use case that's kind of fine for that if you're going to go out and violate people's rights and rape them you do you do honestly do not want to get Bitcoin involved in that at all because at some point if somebody can point back to anything that happened and they can start to trace things back to you it's going to be an orgy of evidence that's going to lead back to all kinds of things that you've done and it's just a very very very like the opposite is it is true relative to what the Venezuelan paper said and I guess that's probably par for the course if they had been telling the Venezuelan people the truth they'd be saying diversify you know the collectivist monetary policy is not really going to be economically viable if you don't want your kids to starve probably go and you know don't invest long-term in our bullshit but they don't and they don't care about their people so it's very sad Gabriel D. Vaughan I think this is an excellent sign for Bitcoin it's it's wonderful to see that it's finally being attacked by these crooked governments of course it starts at the bottom with the worst socialist defenders of monetary policy egregious behavior it's just fantastic I think the more that governments attack Bitcoin the better it is for Bitcoin it's a wonderful thing to see people don't trust government even in the US which still has a relatively good reputation with among the American people it's still so much lower than it and then it has been ever at any time in the past the respect for government so you know when when a disrespected authority you know says X is good and Y is bad of course the public knows oh wow X must be terrible and Y is probably awesome so it's just wonderful I'm so glad we're seeing a more direct propaganda against Bitcoin because you know it's really it's such a small economy still they don't feel that threatened but Venezuela is teetering so close to the edge and their policies are so bucked up that you know they have to lash out at whatever they can to basically you know what the rape thing is you know is they're raping the people so of course all the were all of these things are projections of what they're doing and it's just fantastic I hope we see a lot more direct attacks on Bitcoin from governments around the world I hope this is a heralding a new phase and I actually think it is it's going to be wonderful to see that happening over the next six seven years or longer probably you know as the as the power of these governments wane in the face of you know the people and what's interesting too is I kind of threw back before to defend in the undefendable and slander and libel or some of the things they're undefendable really kind of but they don't really kill anybody so like what kind of law should there be and since Bitcoin cannot ever establish its right to making itself whole from libel or slander people can say anything warn about it so in a long enough term view people are going to say well people say all kinds of things should about Bitcoin which of it is true and which of it isn't because again there is nothing that you can't say about Bitcoin which leaves it to the individual to decide for themselves what's tenable and what isn't which is almost an ideal situation in a way that you wouldn't conclude instantly tone vase all right I'm not going to focus on one word that clearly didn't belong in our article mostly because whoever wrote the article probably didn't even know what Bitcoin was so you just threw in all the bad stuff he ever knows about into just one headline but it was funny how we just went full circle and you guys in answer to this question we're talking about clickbait so I hope everyone is clickbaiting in in Venezuela and getting crypto lockers and then they have to go out and buy Bitcoin to then understand how real currency works which would be great other than that I completely agree with Gabriel that the governments are about to start doing all the all the hard work for us by saying all the bad things that Bitcoin does meanwhile doing all these things brings you more freedom and takes power away from governments so the more they scream about how it's how it's a way to avoid taxes the more people will avoid taxes and the last destruction the last money governments will have to cause destruction around the world or to be destructive for their own citizens and it is going to start with the most socialist communist governments and then it's going to spread to the edges hopefully there'll be one nation that one or two nations that are being a little more open-minded but all these countries are in group think they all think they can rule us they just think about it in different ways and these attack ads are going to come I think it's going to get worse I think it's going to get a lot worse I'm very pessimistic on the way governments are going to treat Bitcoin and how hostile they're going to be to Bitcoin and I think all these organizations that try to work with government and try to smooth this transition I think it's not only hopeless and a waste of time I think it's dangerous I think they're putting themselves and the users that are interacting with this with these government agents at risk of they are by being financially ruined or criminally my dream is that there will be a war on Bitcoin because as soon as you do you declare war on something and you don't completely eradicate it which nobody can with Bitcoin you automatically are going to make it stronger and make it live forever nothing would help the Bitcoin ecosystem more than a war on Bitcoin and I'm hoping this is the first salvo yeah the decentralized incentive system look at Chinese finger trap the more attention that's paid to it I mean the more you're pushing your fingers in exit question which country will be disrupted by Bitcoin next Chris Ellis Botswana Theo Goodman United States of America Blake Anderson look like majorly disrupted or like marginally disrupted I think Canada will be marginally disrupted by Bitcoin in the coming days Gabriel D. Vine let me go to play on that Canada tone veys uh the United Socialist States of Europe No second I'm sticking with I'm sticking with Theo United States of America let's move on to predictions or story of the week greatest country in the world Blake Anderson are you ready with a prediction or a story of the week um yes the prediction or story of the week I guess um I kind of wanted to throw back to a philosophy a little bit the philosophy of science we got to you know ask why are these metrics that are coming out of science why are they useful to us is this cherry picked data is this going to you know feed into a macro information set that makes sense or is this going to be cherry picked nonsense that people are going to use to try to to fool me so I guess the philosophy of science in applied to Bitcoin says that you know it's stuff like this like Bitcoin not bombs like let's actually try to fix monetary policy and make it's a Mr. Goodman isn't going to be you know right now you use and making it so we can't store money that has an amazingly massive value proposition the full stack of monetary policy all the way down to being able to transact that money and knowing that that's not going to be messed up because you know it's so hard to fork over to Bitcoin classic right away well that's good I mean if it fills up and starts to get too slow to the point where it's not you know easy to be workable the note holders and the users will move over to something else just like the monetary policy of the United States probably doesn't roll over until it comes to a head and needs to be messed with don't mess it up when it's fixed it when or don't don't you know mess it up and try to fix it if it's working so keep in mind the macro conclusions of Bitcoin to interrupt that and to spend the war and if you're going to be investing in altcoins make sure that you are doing your research and know what you're doing and don't get pulled into investing in an altcoin for kind of almost reasons that are you know to the moon or to shallow and end up almost kind of being promoted by your ideology to do something and then you know kind of overextending how much money you want to make and then get you taken to the cleaners that happens a lot to people and I don't want to see any of my good Bitcoin friends fall into that trap so that's my my story of the week is you know remember the goal everybody invests long term and keep your keep your head about you Gabriel D. Fine I was going to do Venezuela as my story of the week but we already went over that so I'm going to make a prediction I'm going to say the worldwide economy will be entering a depression this year based on the back of central bank induced monetary expansion and that it will last until Bitcoin pulls it out. Tom Vaze. I'm going to go with what Microsoft did yesterday which I thought was hilarious they designed an AI for Twitter her name was Tate she was supposed to be a teenage girl and just just look it up it was hilarious and it runs into the situation where people will try to attack your your creation and it has to be resistant proof within 24 hours they have to take down this this bot because the social media can be really rough and this applies to all these things when people talk about smart contracts and how easy it's going to be it's not it's going to be really difficult and people don't realize the kind of perverse incentives that there will be when you tokenize your project which again I don't want to harp back on a theorem but you just don't know what kind of consequences you're going to have when there are competing interests and in the case of this AI the competing interest was how can we get this robot to admit the craziest things like what caused it happen or try to convince it that it's supposed to be like a sex robot it was a very interesting dynamic of what people will do that you can't really code for because you don't know how the way the masses will take it well arguably it worked and it worked too well it did what it wanted they said you know we want to have it emulate an attention seeking social media it and it got so much attention so fast that they were forced to turn it off I'd say that that was an overwhelming success that that was amazing that was awesome not what they were really going for though exactly they do it was like asking an oracle the wrong question be like oh super powerful oracle I want to know this then getting slapped in the mouth and be like oh shit I should have asked more carefully right moving on Chris Ellis yeah this is the this is the article you on Microsoft creates an AI bot incident immediately turns it racist and I have to keep reminding it but this isn't my story of the week but I also found this really interesting and obviously swift on security Taylor Swift actually got you know got really involved in it and some of her old prophecies are coming true that she once said you know machines are a mirror with which we will watch our own extermination all of that good stuff remember that the word art in artificial is there for a reason is because art you know artificial intelligence is created by an artist it comes from the mind of an inventor and really like this ghost stuff like this player like that was beaten that go by this machine it was just really a mob it was a gang of engineers who ganged up on him with a project a dictionary of moves in a game called go that they compiled over many many years and there was no way this this poor chapter of chance against a whole team of engineers who'd spent years like it he valued and he did win again he did again yeah but he didn't win the match okay that's true I guess he lost 4-1 or something right and he was incredibly confident beforehand too it's very sad right like there was no way he was going to win because it was like loads and loads of engineers and a bunch of rice millions of dollars of research against one lone human being remember the first time that the computer beat cast broth they used grandmasters to specifically target cast broth strategies it wasn't necessarily a general computer it was like cast broth beating computer right so not like internet it's a focused effort yeah so so anyway the point is this isn't a machine beating anyone it's humans beating other humans they're just using the machines as an automation process as a way of extending their intention through time and space anyway so yeah full node update I'm building in this weekend I've got the computers all building blockchains I've got two memory sticks plugged into this one as you can see copying the blockchain data it writes to every single sector on the disk that hasn't shown up so well but if you could see it would have like lots of really cool metrics on it it writes to every single sector on the disk so that if there any errors to be found on the memory cards that I distribute that they will be located before I send them out and I haven't had anyone touch wood send any back so far I also tested this little 128 gigabyte device I showed one similar to it that's released by Samsung this is a sand disk one and I'm sorry to reveal to you that it really disfailed it didn't pass the stress test it got really really hot really quickly it kept ejecting it so I'm mounting itself and then remounting so I'm going to have to send this back but I do love these things I did get one a few months ago when we first started the project there were about 50 to 60 pounds then they are now down to about 30 pounds now which is almost the same price as what this was when we first started the project so you can see how the form factor these are both 128 gigabytes these both store the blockchain in fact this one is faster this is USB 3 this is USB 2 so this one is faster you can see Criter's law right in front of your very eyes this is now the same price this was when we first started the full node project back in December it's now March that's Criter's law the other thing I want to tell you know that I was testing out the anchor solar panel this is a relatively new one it's a 21 watts three panel device monocrystalline solar panel it's made by a company called anchor who also make the usb cables that I supply with the four nodes I can now vouch for this product I've been using it for a couple of days today was a very sunny day in southeastern England and I generated three milliamp hours right sorry three amp hours three thousand milliamp hours I take a pardon on on a day of pretty much just a bright blue sky a little bit of broken cloud now and again I did have it I did have to move it throughout the day to orientate it towards the sun but I got you know that's gonna power a Raspberry Pi for a pretty I didn't attach a Raspberry Pi directly to the side of panel yeah I'll do that tomorrow or Sunday if it's sunny but I did manage to generate enough current to run a Raspberry Pi for several hours actually this will this will power now this has got enough charging and that's one day of sunshine 21 watts this costs 30 pounds and it's very light it folds up not paid by the company by the way folds up into that kind of form factor and then I've just been using it I've just got this and I just hung it from you know anything I could find to hang it from to get the best sunlight so I'm looking into and I'm doing a lot of research into these kinds of extra tools and kits that I would like to set up a little shop for so that when people buy the four nodes you can then mod your four node I'm also putting drivers on the OS the four node OS that mean that you can use it with the various screens that you can buy because a lot of these screens when you buy them they don't they're not plug and play you have to like go to the manufacturers website you have to like do a W get and then pack a table and then like you know move the files up to us so I wanted to try and get all the drivers onto the four node OS so that anyone who wants to can plug their Bitcoin four node into a screen so that's really where I am each device takes about six hours to make and I'm only a few devices in and I know I've got a very pressing deadline so I'm going to be all over it this Easter and thanks very much again for everyone's support and we'll be doing more more updates since things progress very good EO good I guess the story of the week is Mark Hunt knocking out Frank Meere in round one at the last U of C and after that also we have some interesting you know Roger Vier said that he will pay donate ten thousand dollars in Bitcoin to a charity if Bernie Sanders debates Adam Kodkad I think it was 50 hundred thousand good thing you corrected me 100,000 100,000 for him to debate him I mean I don't know what would really come out of it but I'll get the popcorn done Jan Hellfeld already did it it's a hysterical video if you google Jan Hellfeld Bernie Sanders it's so funny to watch Bernie Crumble after like one question okay well well you know that's the story of the week and you know why let's just if you're going to do that then just invite Trump or whoever to make a big spectacle out of it and that's all it is anyway I mean come on let's get real people you know so it's just a big spectacle let's all get some popcorn you know and I think Trump would probably do it so just you know challenge him to and you know let's get this thing going and everyone you know get their ass and gear and we'll get some popcorn and watch that we can do it live world crypto network and you know we can have live commentary on the on the debate or however how silly it is but I think it would be a good spectacle and you know let's do it let's see these people live on air how they how they react like in a kind of live streaming situation do you think do you think that it would be good to just completely eject Hillary from the race given that she doesn't have any support and that the ideas can't really be talked about with her just copying Bernie well I don't want to get into like a I don't really care so much about that but so I did like you can I think it's still active the poll you can check my Twitter at the OG double underscore I did do a poll who are you voting for what are you voting for excuse me hashtag election 2016 walls free stuff mashed potatoes are going to church so mashed potatoes is Hillary Clinton because it's like what is she stand for not much just like mashed potatoes churches crews free stuff is Bernie and of course walls is Trump so you can fill out that poll and we can do no nice exit futuristic poll on the prediction and I'll use that data on Agar to predict the election thanks a lot very good and I didn't get a chance to write a prediction this week so instead I came up with this story of the week here at the last minute my story of the week is the blockchain madness student tournament put on by the recently renamed college crypto network which is now the blockchain education network it's a tournament of trivia all about blockchain and Bitcoin it's kind of like jeopardy it's kind of like college trivia bowl and you guys can check it out it's sponsored by purse.io so very nice to say but it's very cool stuff from the blockchain education network telling it's really excited he's excited he wants to go to this I saw crap why am you it looks like Google's allowing the mute to you're allowed to talk through the mute now so I am it's part of the new new cruelty all right I can't believe they're rebranded oh my god this word blockchain is just like taking over I don't know I don't know what to say I thought I don't at least the world crypto network was smart enough not to just jump on board with this whole blockchain narrative but hey actually changing the name you didn't get the amount we're going to change from world block chain network wait a minute guys as blockchain is so 2015 these people are totally out of it just get the new the new trend is going to be my cool bag I said world my cool bag network ladies and gentlemen you heard it here first you just go with my cool directs I sickly graph which is what that stands for okay so basically if you're the people that have the bank of England in your sales funnel sell them that yeah start pitching them like you got to get a massage of early and often like every other day be like hey Merkle day it's like go to stop with the horizon this guy knows that's actually a real profession I have this feeling that we're gonna that on episode 100 it's not gonna be the Bitcoin group it's gonna be the blockchain group oh god please don't do this to us Thomas it's just gonna be blockchain this is the digital ledger space technology and we're let's just spice we'll get we'll get Matt Damon how does go blockchain and we're running out of time but at least we had one of those classic McLaughlin group moments where everyone talked over each other and it was just great but my battery is gonna die I need to go back to work it's still the middle of the day here but thanks to everyone for watching we're out of time bye bye bye