The Bitcoin Group, the American Original. For over the last 10 seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Andreas Antonopoulos, author of the book, Mastering Bitcoin. Hello. Blake Anderson from Facebook.com slash God Blake. Hi everybody. Thanks for having me on the 100th episode. Theo Goodman from Has online. Hello everyone. Thanks for watching 100. What's up? Gabriel D. Vaughan from Future Rant. Hello world. Hello prosperity. Derek J. Freeman from Flaming Freedom. Happy 100th. Tom Vays from Brave New Corn. Hi everyone. Coming to you from Odessa Ukraine at the BIP, a zero zero one event for the happening. Will Penguin from AirBits. Dylan Beauty. And I'm Thomas Hunt from the World Crypto Network. This week we're celebrating episode 100 with yet another episode. Issue 1. Bitcoin. Havining. The Bitcoin block reward will cut in half this weekend, meaning that the Bitcoin miners will now be paid 12 and a half Bitcoin for every block rather than the previous 25. The constant reduction of supplies, what makes Bitcoin a deflationary currency, meaning that the value you hold in Bitcoin is always increasing in the long run because there's less currency being produced. This is the opposite of inflationary system like the US dollar where the amount of currency is constantly being increased and the longer you hold it the less value you have. Not too long after the last Bitcoin happening the Bitcoin price began to skyrocket, but recently the price dipped almost to 6.10. Andrean Santanovlas, your thoughts on the second Bitcoin happening. Well, it's a time to celebrate another successful four years and to open the next four year period. Other than that, really no one can predict what happens next. My expectation is nothing much happens. Nothing really changes, except we'll see a lot of volatility leading up to it and a lot of volatility coming out of it. I think it's wrong to speculate that the price will increase or decrease at this point, and it will be all over the place for the next couple of weeks. Here's to another four years of Bitcoin not dying, Blake Anderson. Well, I think it's very interesting the activity that's leading up to the happening. I mean, as you know, there's going to be a supply decrease in Bitcoin. It's interesting because it's not like a stock. It's more kind of almost like a commodity. It is the digitized money or digital storage of value that you're trading instead of future earnings in a company or something like that. So it's going to be interesting to see, you know, the run-up has become almost kind of a bull graveyard for those that are trading on short horizons. They're trying to either getting eaten up by a lot of people that are either headed priced in or are looking to do swing trading. I think that after the happening, what's going to happen is the inelastic nature of Bitcoin is going to catch up with the situation. So when you have a commodity or a resource like Gold or like Silver, when it goes way, way up in value, it becomes worth it to run mining operations, which were not worth it before. So the supply of that thing goes up. That cannot happen with digital storage of value as far as Bitcoin is concerned. So that inelastic relationship that the supply is going to have towards the demand is going to be an interesting thing that I think will bump the price up. People knowing that that's going to happen, but not knowing when I think are getting mixed signals and we're seeing a lot of tumultuous trades going on up to that point. But I think that knowing in your mind that there's a macro factor that's going to influence objectively what's going on and then investing on a long term, I think that you should be fine doing that. Imagine if half the gold mines suddenly turned off tomorrow and stopped production. While we don't want to encourage speculation, I do believe the price is going up. Theo, good. I think that it's going to be interesting to watch the hash rate as the happening happens and just see if it stays the same. There's a lot of discussion about that or some people think some miners are going to shut down, some people think the hash rate is going to go up or down or change drastically. I think it will probably stay around the same or get higher, but it'll be interesting to see what happens with that too. Gabriel, Devon. Well I just drew a little chart here to describe an idea that I have. So basically, I think the miners have been actually smoothing out the amount of Bitcoin that they've been holding. As you can see here, it's transitioning from 25 to 12 and a half, but I don't believe that the miners are just selling all their coin all the time and just flooding the market. I think that they've been holding on to it and gradually decreasing so that they can smooth over this happening. That would mean that they've been tightening for X amount of months, possibly a year, possibly six months, three months. That means that right now all of them are probably already averaging 18 and three quarters. Bitcoin per block as far as how much they're letting out onto the market and they're going to be smoothing back, continuing down however long for the next few months into 12 and a half. So I think we're going to see continued upward movement along with the volatility as Andreas. Derek, Jay, Freeman. What excites me the most about the happening is how money can have these unique characteristics today. I've never heard of this happening before in the history of money. Because it's decentralized and anyone can participate that we're even talking about what's going to happen afterwards. Otherwise, it would be like what's the Fed going to say and what are they going to control a centrally planned for our economy? And instead, it's a group of people that anyone can participate or run a miner. Someone can have an input in this and more people are even asking me about Bitcoin, what's this happening thing? What does it mean? And it gives an opportunity to explain one of the most important ways how Bitcoin is different from the money that most people use, fiat money, which is of course that it has a limited supply and the supply being limited is part of what gives its value. So this is a great opportunity to explain Bitcoin to new people and explain some of the unique characteristics that make it good money. It's a good point, Derek. I'm glad that the president of Bitcoin won't be putting out a hard fork to roll back the happening tone phase. Okay. So I have to second what Gabriel said. I've been saying that for over nine months that smart miners are going to ration what they're selling now in order to have a much smoother operation after the happening. It also makes total sense that we have so much hashing power go online the last six months because everyone is in a battle to get those last higher rewards for block. And also that coupled with the supply constraint on to the market because I do think that they've been selling less plus all of the hype just fear of missing out on the happening. Like you said, what happened with the price last year? It started to go up fairly soon after. Between all that, it made sense that it went up. I also said that after the happening, I expect the price to dip a little bit kind of like by the rumor sell the news. And then we're after a little bump after a little fall after the happening, we should start to go back up again fairly quickly. That's been my view the last nine months and that's not going to change. So I'm sticking with that as well. And you're sticking to it. Will payment. Yeah, I think it's really interesting. The price dynamics over the past couple months, the happening was coming upon us and the price was still around the 300 range. It'd be concerning I think for a lot of us long time Bitcoin advocates. So yeah, it's great that I think people anticipate the supply decrease with the bull run that we've had this year so far. And as far as predictions, last time the happening happened, not much happened the day or week before the day, the week after. It took a few weeks, like six to 12 weeks for action to really get going Jackson. And boy did it ever in March of 2013. And then again, later that year as well. I think we're going to see a mirror of that. We've seen so many patterns repeat in Bitcoin that are really, really compelling patterns. And I expect we may see a isolation between this range of like six to 700 or something. Maybe tighter range than that. Before we reach a thousand, maybe some resistance around a thousand. And I think we'll get to 2000 and people will talk about how quickly that happened. Much like people talked a few weeks ago, how quickly Bitcoin blazed through the 500s. So I'm excited, you know, supply contractions are in this case a good thing. And yeah, so we're going to learn, we've learned a lot of lessons in the last seven and a half years. And I think people are putting these lessons to work. And we're seeing lots of innovation, lots of development related to money and otherwise around Bitcoin and not just like these other medical protocols, but around Bitcoin itself. So we're kind of coming back to that realization after maybe getting a little dose of the Andre Zantanopoulos road show and learning a thing or two. So that's good to see. I think the Havning brings attention back to Bitcoin and away from some of these other experimental protocols that are less battle tested. I had a question really quick for Gabe. And I guess, Tony Theo, I mean, just as far as anybody that's talking about the miners not liquidating the coins right away. I mean, we would have be accurate to say like, you know, Tabasco hot sauce, they make it, it's aged in an old barrel for a certain amount of time. And then it's more valuable and then they sell it. Like you don't want to liquidate your earnings right away. But I'm trying to figure out your guys' conclusion was that as that happens is that liquidation of those funds going to contribute to a different deflationary spiral and drive the price up later. Or I guess that my question is, what is your conclusion about the nature of those aged coins? I'll take that one. No, it's basically just basic operations. I mean, I run a small, I have a small business as well. And the most important thing is consistency. So my view has been miners, they know what their expenses are. And they know, probably, holistically, what their revenues are. And they know that that revenue is going to be cut in half, whether expenses are not going to be cut in half. So you want to just smooth out your operation so that you're as predictable as possible. Yep. I wanted to just chime in too on that point. I learned recently from some people who are close to the large Chinese mining operations, Ethereum and Bitcoin. And especially with Bitcoin, in the case of Bitcoin, it's apparent to... I guess my question was more around the lines of what impact do you think that the information is going to have on the happening? Like, if we bring it back to the question... I'll take that. Yeah, I mean, the effect on the happening is basically it's spreading out. It's effect rather than having it smash into the short area. They're increasing the length of that window to 18 months or nine months or whatever it is. And probably each mining company is doing it to whatever amount that they can, whatever they're able to. And the less room they have, the more sudden it's going to be in the less of a transition there's going to have. So I'm assuming that there will be a bit of an extreme, relatively extreme move within a few weeks, but I think that it's going to take months to play out just like last time. Okay. Understood. Also, hashing power might take a little bit of a dip. I do think that some miners will drop out. This is like their last chance, too. They relevant. They might do a cost benefits analysis and they may not want to spend the money in electricity. So I am expecting some miners to kill operations. I'd like to also go back to Will's point. Chris Ellis often says that it takes 24 hours for the market to really absorb the news. So you have to wait for at least 24 hours for the news to pass. I think it's even further with the happening. It might take a week. It might take two weeks for everyone in the world into Bitcoin to really understand what's happening. A lot of people who own Bitcoin, even a lot of Bitcoin, don't understand the happening aren't prepared for. Haven't been through one before and I think they're going to be surprised and perhaps pleasantly surprised by the effects of the happening, but we'll have to wait and see a longer period to see how the market turns out. Moving on to the exit question. First prediction, what is the Bitcoin price Monday morning after the half day? Andreas Antonopoulos. It will remain stable at 1000 millibits per Bitcoin. Blake Anderson. That is a good question. Andreas, did you have anything to say about our wrap up before? I noticed that you unmuted yourself for a moment and now I'm curious. It's like a splinter in my mind. I'm just thinking that I'm going to have to spend the next several months trying to explain to newbies that no, not only they're not mined from the earth, but they are in fact not aged in Tabasco casks for a while because now I've got to deal with two metaphors that are really confusing. So thanks for that, Blake. It'll make them spicier Bitcoin. Spicy Bitcoin. I think that the price of Bitcoin will be spicy next week. You're a good man. The price on Monday will be either below 585 or above 755.55. Very direct. I think that. I think that we're going to have really high premiums for pre-havening virgin blocks. Gabriel, D.Van. My predictions have been pretty inaccurate as have tones. I might call now lately. So I'm just going to randomly throw out 718. Derek J. Freeman. I assume we're playing price of right style. So I'm going to say 719. Tom, that is. Yeah, that's funny. I was going to say the same thing, Gabe. You keep beating me to it. This entire question. Yeah, we did this three weeks ago, a month ago, and we were very, very wrong. I thought the formal would take over and we would be at a new $1,000 by now. We're clearly not. I'm going to go lower. I'm going to say we'll be in the low 600s, maybe in the upper 500s. I think there'll be a little bit of a sell-off. And now all the bears are going to shout at you from the graveyard. Dark, dark, will, penguin. 609. I'm going to go with it. 619. 619. 619. And I'm going to go with a nice round 800 because why not? No idea. Moving on to the next question. Issue 2. VogoGo closing down. Coinbase shuts off Canada. Bitcoin service provider, VogoGo, is ending their payment service in Canada, citing a lack of interest and a lack of profits. This move leaves Coinbase without a payment processor for Canada, temporarily forced to leave the country. Other Bitcoin exchanges like Crackin and Quadriga X were unaffected by the closure. Blake Anderson, no more Bitcoin in Canada or just another speed bump on the road to total Bitcoin adoption. Well, it's tough. It's tough to compete when Bitcoin has its own payment system integrated in the market. I know that it has to communicate with other payment systems and that there's work that needs to be done there. But man, it's not like an easy thing to go in there and crush out big returns or even just run a business with a lot of people. So I think that there will be other ways to give Bitcoin in Canada. But definitely one of the more popular methods being turned off for lack of use is probably not the best news. So I don't know. I think that hopefully the good part of it is it speaks to how useful the payment network in and of itself is. And then interacting with KYC and AML and traditional payment methods, I think kind of hamstrings, companies. And it's tough to know what to say about it in the long run except for that Bitcoin continues to be rad and other systems continue to have problems. We could always smuggle Bitcoin into Canada in the seats of our cars. Feel good. It's like don't say that. That's just another bump on the road in Canada where there's lots of strange animals like moose and other things. And the other exchanges are there. People will figure out ways to buy Bitcoin. I don't see it as a big issue. And I think that even Coinbase came back and said there are ways to use their service. After all, it's just I forgot the name of how you do it, but it's just more hampering. So for the time being, I think they're not going to do Canadian dollars, but it seems that it's just more inconvenient for you to use Coinbase from Canada right now. And yeah, they have Kraken. They got quadrics. So there's other options. So many moose. Visit the lovely legs. Gabriel, D. Vaughn. OK, I got some things to say. Doles, northerners, don't know what they're doing. And no, I don't think this is really, I agree with you. It's not really that relevant. I think Coinbase actually as a company might be getting a bit less relevant. I know it's an easy on-ramp, but they have more competitors now. And it's, you know, this could definitely hurt Coinbase a bit. Not sure what kind of future they have. I mean, of course, all on-ramp-style businesses, I think, have a, you know, not a very good future ahead of them, but in long-term, but medium and short-term, I think they do have a good future. So I don't think this is that important of a move. It's more of a fiat company anyway. So who cares? In the show comments, did the date somebody said they were going to make a meme of Gabriel and tone with the giant words underneath? It doesn't matter. Derek J. Freeman. Yeah, it's sad for some of the customers in Canada who will not have a more difficult time acquiring some Bitcoin. But I think the lesson for everyone here is no matter where you live, if you're someone who buys Bitcoin regularly, find multiple streams that you can get Bitcoin, especially learn how to use local Bitcoins. You know, a lot of Bitcoins are transacted there. It's not always through the website itself. It can be peer-to-peer in person without them taking a cut. And so, you know, it's not an advertisement, but just look at lots of different ways that you can get Bitcoin if that's what you want. They'll depend on one company. Don't put all your eggs in one basket or all your Bitcoin either. Derek gets lots of Bitcoin for shilling for local Bitcoin. That's where he gets his money. Yeah, I'm going to pretty much second-gave. But I'm going to take a slightly different direction. Everyone's been commenting on how I'm not very familiar with that company, but from what I just read. There were more of a payment processor. And this just goes to show that Bitcoin isn't really very much used right now to kind of buy stuff. Right? When Andreas was talking about introducing people to Bitcoin and everyone has this, you know, it's like, he gets it to the head and they're like, oh my God. And the first thing they want to do is they want to just go and talk to every business that they know to try and get them to accept Bitcoin. And no one really does. I mean, I have a business. I have a physical brick and mortar. I've been accepting Bitcoin for three years. Anybody want to take a guess how many customers I've had in three years that showed up and paid with Bitcoin? Four. Zero. Zero. Is the correct answer. And the entire Bitcoin might want. Yeah. And honestly, at this point, if someone showed up and offered to pay in Bitcoin, I don't think they're going to be able to. I don't think anyone that works there still knows what the hell it is because I'm almost never there. And it really doesn't make sense for me to like retie employees every three months on how to accept Bitcoin if no one's going to come in and use it. So I'm on Coinbase is going to have this problem too. I'm not making sure how long they're going to be around. It's just it's not really designed for that right now. And we don't have that many users and no one is like breaking down the door to use Bitcoin in traditional ways when you have credit cards and you still have cash. And this goes back to the block size debate. It's just not really being used for that. On the flip side, I'm hearing stories when people need to use the Bitcoin ATM machine and the store that the ATM machine happens to have just closed, they will literally offer any amount of money to let them through the door. Like somebody said they got an offer of $100 just so somebody can use the Bitcoin ATM. And these are the people that will be willing to pay enormous amount of fees to get into the next block. It's not really just being used for day to day use because in the first world, there's plenty of other options. I'm kind of happy Bitcoin is in the snitch right now. It's not too popular. It's not and it's being useful so that you don't have the some of the issues that come with trying to process 500 transactions a second. So I'm kind of not surprised that these payment processors are going on there. They just don't have the business yet. We'll get there. We'll just take a little longer than everybody expected. It sounds like a real chicken and the egg problem. How are we going to get any more chickens now that we ran all out of eggs? Will payment? Well, anywhere that Bitcoin's privacy capabilities, it's inherent traits conflict with the existing model of doing business in a particular region. There's going to be problems. There's going to be pinch points, choke points and they're going to be exercised and people are going to feel that pain on either side, both before the choking and after. There's a lesson there and it is, I think the patients shown by, I'm not really stood up for either side in the block debate, but I do think that I wish people were attacking arguments more than groups or people. The people at core who definitely care about privacy are getting criticized great deal for moving very slowly on some proposed advancements or upgrades of Bitcoin that certain people really are loud about wanting. And I just want to commend people like Gregory Maxwell and Dr. Beck and Peter Woollah and Vladimir and all of them, Matt Carolo. I know I said a lot of names of block streaming employees there, but I'm thinking of these got Eric Lombrozo, I can't forget him. They're being incredibly careful about not making the same mistakes that were made in the early days of writing the internet protocols. I think that's why we're seeing companies like VogoGo or Coinbase have to adjust their strategies in a certain region for a time being. They're still places to get Bitcoin in Canada and yeah, it's a bump in the road, but this should show us that we have a really important opportunity here to get something like my and the right answer to answer a lot of this is not a big deal. It's too developed and coin with the inherent traits that it has preserved. All right. And James and to Nopolis. I think it's interesting. One of the things that someone no one has talked about yet is having worked in Canada and I was recently in Toronto again and I've talked to quite a few Canadian banks and looked at the attitudes they have there. I think people who are not in Canada or look at it from the American perspective missed the fact that Canadian banks are not as corrupt, greedy, coddled, over-regulated and gang strish as American banks. And that was reflected during the 2008 crisis when they weren't caught with huge derivative exposure and real estate exposure and they didn't have to be bailed out in the same way and they don't usually get caught up in horrible scandals. That also means they're more likely regulated. The Canadian government is much more friendly towards cryptocurrencies and Canada has a very large number of ATMs as well as a very large number of banks that are very interested in this. So, Vagolo is out the window. I think the interesting thing is that Walt might step in is a major Canadian bank to offer the kind of checking and wire transfer and ACH clearing services that Coinbase needs directly through the traditional banking system without an intermediary directly through a major bank because we give them an opportunity to get in which they're trying to do. They're actually very interested in Bitcoin in a way that's comfortable to regulators with a company that has many banks as investors and is quite heavily regulated in the US. So that's what I'm expecting. I wouldn't be surprised if we see a major Canadian bank stepping in to fill that void and it won't be left open for very long Canada is a thriving, thriving space for Bitcoin. It has nothing to do with retail, has nothing to do with merchant services. It has everything to do with investment opportunities and overcoming barriers towards cross-border transfers for import-export business, for mittens, businesses and things like that. Excellent. Moving on to the next topic. Be kind and get KindBars. Now on sale for Bitcoin at purse.io. KindBars are all natural with no genetically modified organisms with low sodium, no trans fat and only 5 grams of sugar. Eat healthy, save money and spend Bitcoin at purse.io. Issue 3. Uber, Argentina. Argentinus are fusing to allow Uber, denying them a tax ID, blocking them with multiple city injunctions and stopping them from accepting local credit cards. But Uber finds a way. Uber partnered with Zappo this week to accept Bitcoin and Zappo debit cards, allowing the company to continue to operate in Argentina. Capitalism adds best or is Uber a rogue, pirate company that ignores all local laws and customs like an invading alien species? Deal, good. I'm going to have to go with that. It is rogue and alien invading species. Definitely. Okay. Well, do you even red-arb, bro? This is just regulation arbitrage in multiple ways. The credit Zappo is like, okay, well, we have like offshore credit card thing and we can get around this law and we got Bitcoin, mix it all in. This is really cool. I think this is the kind of stuff that we're going to see more and more and has things go around. Yeah, of course, there's initial resistance to Uber. Okay, let's say you're a cab driver and suddenly, oh shit, there's this big competitor and your union can't really help you. You're probably going to be pretty pissed off. But I'm not against competition. I can see there's going to be hostility for a while until what happens, but that's going to really disrupt that whole taxi market for now. And I think this is just showing how people can use regulatory arbitrage to do things. I'm not going to say that Uber's like the Borg, but they do never stop and resistance does seem to be futile. Gabriel, D.Van. I think you're absolutely right about the Borg resemblance as far as how difficult it is to fight an Uber. And keep in mind that this sharing economy is really just the first foray into corporate individuality, corporate sovereignty, so to speak, where software, digital corporations become so powerful and unstoppable that governments have literally no chance at all to get in their way. They can pass laws and basically they're just going to end up in court fighting companies that could actually be giving them tax revenue. So I think it's a typical situation where you have technology causing government to spin its wheels, waste its time, attempt to draw off wealth unsuccessfully before finally buckling. And I think this problem for governments has been getting a lot worse in the past three to four years. And this is just the beginning. These are only, these are centralized companies. Here on the show, everybody's familiar and a lot of our watchers, hello out there, are familiar. And of course, posterity, they're going to be extremely familiar with DAOs and other ways to automate the business processes in order to create decentralized alternatives. So Uber is just the first step where they're only using the raw technology. Once we also decentralized the corporate government structure as well as the money, then it'll be completely and utterly impossible. It's already extremely difficult slash impossible. This is just a trend, a tidal wave of which we're just feeling the very first swells. At least Uber has one face that you can negotiate with. The problem with DAOs, it has many faces. Derek J. Freeman. Yeah, so at the bottom of this story, it's about people who want rides and people who want to give them rides, meeting together and giving each other what they want. And so if Bitcoin helps make that possible in Argentina, that's something I'm going to celebrate. There's an expression that legal loopholes are where the freedom peeps through. And I absolutely see this as an application of that expression. It's sad that Uber has left places, unlike an invading alien species. For example, Austin, Uber and Lyft both left after the city council and local governments made it unbearable for them to provide rides for people. But then we saw the advent of other ride sharing opportunities like Arcade City, which has taken Austin by storm in many other places where Uber is outlawed. So, this is people who want rides and want to give them are going to meet each other, no matter what governments or companies try and do to stop that. It's a good point, Derek. The Austin situation is very interesting for these ride sharing companies. In the absence of Uber and Lyft, smaller companies have been able to come in and actually compete against each other, refine their services, improve, and perhaps take that win out of there and compete with Uber and Lyft in other markets. It will be interesting to see, but of course, the auto driving car is right out there waiting. So all of this discussion ends when one of these companies gets the self-driving car. Tone days. Yeah, it's unfortunate every time some government or some city is banning Uber. And I'm completely anti-union. And it's not up to the government. I mean, it's mostly the taxi cab unions or the bribes that go to governments from taxi cab drivers. In order to get something like Uber out of town, latest statistics are coming in. Uber is now able to prove that they reduce accidents. They reduce strong driving incidents. They reduce mortality rates and cities. So that's going to go a long way. And I think Uber will be coming back to a lot of these cities that have been very resistant. As for the specific case of Argentina, I mean, it's nice. I mean, it's good. It puts Bitcoin back in the national news. It actually puts Zappo in the national news. Because of this, I'm actually going to be, again, I'm always the contrarian on any show. This might be all fun and games right now. And it's good for Zappo to get the publicity. But Zappo has been very, very under the radar. I know US citizens can't get a Zappo card, but everybody else can. And they have that visa logo. And guess what? It's what there's one phone call away when Visa says, you know what? You're not allowed to use the visa logo on your card. So basically, Zappo, I, in my opinion, is just one phone call away between the government and Visa from not being able to provide that service to anybody in the world. So Zappo really, I mean, I'm sure they're not exactly sure how that works. But MasterCard and Visa, they do have, I mean, they're logo. They can choose which companies I can and can't use it. So this could be a bit of an issue for them if they, if it does, start to make national news. And a lot of the big governments aren't happy and then they go to Visa and complain about it. So we'll see how it ends. There's really nothing stopping over from accepting Bitcoin directly. I don't think it would be that difficult of an integration. So that's what I would like to see in the future. It would actually save over money, you know, no credit card fees. I've taken cabs on Uber that cost me like less than $2. That can be very convenient from a credit card usage and fee perspective. So I would like to see them to start an integrate Bitcoin directly and give the driver an option to receive Bitcoin. I'm sure all the drivers in Argentina will. It's a good point, Tony. And the reason they might have gone with Zappo could be this debit card. Uber may still be thinking that people need a debit card. People aren't ready with their Bitcoin wallets just yet. Well, Thomas, well, it's not that they gone with Zappo. It's just that Zappo was like a credit card. There's just the, it's not that they went with it. There was nothing preventing people from sticking their Zappo card credit card number into the Uber app, right? So I don't think Uber had to do anything. It's like they just realized, oh, wait a minute. Why is the usage of this particular credit card going up? And then it just made the news. I don't think Uber did a single line of code change for this. It just happened to just work out because if you have a Zappo card, you just, you know, right, throw it right into the Uber app. Uber thinks it's another credit card. But again, it makes me a little nervous. What is stopping Visa from calling Zappo and say you guys are done? I don't know what kind of deal they have if there's a contract or not. I really should talk to Dave, the CEO of Zappo about that, mostly because I'm just really curious. Well, let's hope that Zappo keeps their phone number unlisted. Will Pangman. So I think we'll see more things like this, more companies temporarily or permanently turning to Bitcoin as a patchwork solution for some pinch points problems that they're having with payments and stuff. It's capital controls, currency controls, negative interest rates, bail-ins. These are all a reality in our world. They've been a reality in different parts and there's talk about them in Western world. So we'll see more of that in great. That's good. Yeah, I have two thoughts about it that make me a little bit of pause. Great that Zappo was there to kind of catch this right in their laps. And I agree with Tony Dout that there was much of a code upgrade or change at all needed on the Uber side. But I wonder how many Argentinians are able to access Bitcoin period or even Uber. I guess I need to defer to one of the more well-traveled folks who may be Andreas who happens to be next. So I'm doubtful that this is actually going to reach more people because I'm not sure that Argentinians buy in large or able to use the service. That's a good point. Well, I'm not sure how many of us here have been to Argentina, but perhaps Andreas has. Andreas? Yeah, I've been to Argentina twice and I can tell you this is a giant pile of bull crap thinking to high heaven. What a glorious example of journalism. Just absolutely appalling. Uber is not taking Bitcoin. It's a joke. Uber can be used through the Zappo Visa card. Nothing changed. They simply put a Visa card into a new bar app. Who did this? Probably no one. Maybe one person. I doubt there's probably more than a dozen people in the whole of Argentina who have a Zappo card and there's a few more who actually have Bitcoin. So this was turned into giant announcement to like, oh, look, celebrate the new sharing economy now includes Bitcoin and its all-period to peer and was sticking it to the Argentinian government. Please stop pandering to the bloody audience. This is ridiculous. Okay. Not only am I going to piss on the parade of the fact that this is not news, I'm going to go one level deeper and say, what are we celebrating exactly here? The fact that we're using Visa as the rails or the fact that we're enabling Uber, which is the Goldman Sachs of taxi companies, a company that doesn't really do ride sharing, a company whose primary product is financialization, a company that is doing subprime loans in collaboration with Goldman Sachs so they can lock in their drivers that has taken billions of dollars and converted them into a shitty app, shitty rates for their drivers, appalling behavior in the marketplace, appalling behavior towards their passengers and their drivers, arrogance and dirty tactics that we've seen repeatedly in lawsuits involving Uber and just swagger all over the place to really be kind of the people's riteure, bullshit, Goldman Sachs of Taxis. I'm not going to celebrate the fact that they also added Visa to their giant parade of financialization to overcome these things. At the end of the day, there's only one thing that's worse than Uber and that's the regulated license taxi business that sucks even more and the only reason we take Uber is because the taxi business has become so politely bad all over the world. If you really want to applaud something, let's build a really decentralized riteure that cuts out the middle man and really uses Bitcoin to offer decentralization of payments which leads to decentralization of service and then you don't need a company sitting in the middle like a vampire squid sucking 30% off some of the poorest immigrant drivers who don't bloody deserve it. Well, maybe the first and perhaps only one to say hooray for Visa, Blake Anderson. Well, I think this is a very, very good position for me to have because I didn't have to put a foot in my mouth. Andreas went on his very, very well-stated rant and I agreed to fill out what he said. Now I don't have to praise this. No, actually the entire time I was thinking about coming at this from the angle of what Andreas said about Canada was basically kind of boils down to in my view that they don't have as many reasons to hate their banks and to love Bitcoin as maybe we do here. So if you look at the silver lining of when people do stuff that makes it hard to have anything anywhere, I guess the silver lining is that with that any resistance people get weak and flabby but with lots of resistance people galvanize, they create technology hydras. They take action to defend what they want in the face of adversity and when people don't have that they generally don't. So I think that the silver lining that we can take from any of this is maybe not that Vista has given it all to stuff like that but the more resistance that Bitcoin meets it is the honey badger. Honey badger doesn't care. It keeps getting stronger and stronger and coming up with more solutions. So I think that it's interesting to note that all this stuff happening seems really shitty and like a big hurdle or like a big roadblock but conquering those makes everything stronger in the process. Is it question? Argentina will eventually allow. Okay, Thomas. Yeah. You want to go. Sorry, I was going to push back on Andrea's a little bit. You were very, very critical of Uber. I mean, look, we all know Uber is now perfect but I would not put a dot close to the taxi cap companies. I mean, everyone on the show would agree that Uber is better than the taxi cabs. I use it all the time. I agree with you. But I mean, I'm not going to celebrate the vampire squid of taxis. We need to replace it with a head of choice. I actually do. I mean, I've been traveling a lot lately and I am very frustrated whenever I go to a city or a country and Uber is not there versus when Uber is there. I mean, I'm afraid to take a taxi from the airport because they just, they screw you. They literally scam you. They will put, you know, that you have four people on the street. They will put in, you have four people in your car when it's just one person. I mean, the first thing I do when I get off the plane is I check if Uber is there. So I actually do. I'm very happy that they exist. I think we're still further away from a decentralized Uber at the moment. I think we're still kind of far away from that. And I definitely give Uber a lot more credits for doing what they do. And yes, the quality of service is going down. But the prices are also pretty cheap. And I don't start ordering Uber black and pay more. I'm sure it will be better service. I mean, it gives you plenty of options. I'm actually pretty happy with Uber. Hey, Hey, Tony, I've been scammed by taxi drivers in every country I've visited in my life and that's 39 countries and counting. And every single one I've been scammed at the airport by taxi drivers. So I agree with you. But to me, it's not Uber that's great. It's ride share that's great. And ride share has a lot of other great companies. Lift treats their drivers better and treats their markets better and treats their customers better and has a better app. Cabify, which is throughout Latin America, treats their drivers better, has a better app and better service. And I'll tell you what, I love Uber drivers. I love the service I get from Uber and I very much enjoy using the service. What I don't like is how Uber themselves treat their own drivers and the company itself. That's very different from not liking ride share. Love ride share. Yeah, that might be true. The word company in a marketplace where competition allows me to use my choice to improve their behavior. Yeah, but also like, and one of the reasons why Uber, it is perhaps, I don't want to make excuses for Uber and I'm just speculating here. But Uber is also the one in court fighting for all of this. So they do have the most overhead than all these other smaller companies that might have the kind of overhead that Uber does. I mean, look at California. Uber is literally fighting in court to prevent 100,000 people from becoming full-time employees which will basically make Uber go bankrupt. So I mean, you might see them as a vampire squid and Goldman Sachs. I don't know though. I mean, I think that might be an attack vector for regulatory capture, which definitely wouldn't be a good thing. And I think I understand what Andreas and Toner are saying. Toner is saying I like the technological limit of meat interacting with the phone and then the car coming to get me so they can't fuck me around. And then I think that what Andreas is saying, let's take that technology, get rid of the squid and then everybody will be much happier. And just to raise Andreas's point once again, I don't have the exact figures with me. But the loans that Uber is offering to their drivers are incredibly unfair. It's a new type of company where they're now offering car loans in addition to their additional services. So it has become very complex. I want to say something about this too. The subprime loan thing, subprime auto loans that Uber is giving out is strictly to lock in their drivers. And if you want a loan or you want a vehicle to drive for Uber or Lyft, there are companies out there that allow this and will not lock you in. You can rent to own the vehicle and drop it off with seven days notice. Good company, I know of his workcar.com. So if you don't want to do the Uber loan and you don't have to, and I hope more and more people find out about these other providers so that these lock in subprime loans can stop destroying lives. The Uber loans do seem a bit like indentured servitude. You can keep the car just as long as you keep working for the company and you can never stop working for the company. You have to keep the car. But moving on to the exit question, Argentina will eventually allow Uber. Yes or no, the O Goodman. Oh, yes, they will. And now that we know that it's such a big company and it's really evil, then yeah, sure, of course they will. Evil always wins. Gabriel, D. Vine. That's kind of irrelevant and dependent on bribes. I'm sure they can get a palette full of hundreds over there quick. Derek, Jay. Yeah, of course it is irrelevant. People are going to find ways to get the rides that they need. But yeah, I believe that Argentina will eventually do the right thing and allow business to continue. Apologies, we see it in the last tone, Vaze. He's in Odessa, Ukraine. Will Pangman. Right sharing wins in Argentina and everywhere else. Andres, Antonopoulos. Yeah, of course they will. And I'm also, I'd be interested to see if Cavify operates in Argentina. It's a fantastic service that I used in Peru. And I think it operates also in Brazil. Much better application and focused on the Latin American market. There's a lot of interesting competition in this space. Blake Anderson. Well, on a long enough time, line the survival rate of the state goes to zero. So after that, there'll be nothing to stop it, right? The answer is yes. Argentina will eventually allow Uber. It is unstoppable. House is going everywhere. Moving on, issue four. Startups claim to de-anonimize Bitcoin to fight crime. See, this is why we can't have nice things. Claiming to fight child porn, the startup called the Liptic has partnered with the internet watch foundation to track the movement of funds to this and other illicit activities. The site plans to use publicly available Bitcoin addresses and vanity addresses as their first step towards ending Bitcoin privacy. Will it succeed and should it be done? Gabriel, divine. I'd like to call out this chump, Daniel Cooper. He's obviously a mainstream media shill. Facing his article with these are now boasting that Bitcoin is no longer anonymous, could deliver a fatal blow to the cryptocurrency. Complete an utter trash and bullshit. People who know anything about Bitcoin are in the know. They know that it's not completely anonymous. Christoph has written an e-book called anonymous Bitcoin, detailing the many and complex steps that are required in order to be anonymous. In fact, this is a big challenge for Bitcoin that it's not anonymous and it's a well-known fact that it affects the fungibility. It's one of the weaker parts of the Bitcoin ecosystem that's currently being worked on second only to scaling. So I think that this is a very suspect article with a completely opinionated slant. I'm going to say that it's going to be a race between these companies and the anonymizers. I'm pretty sure that the anonymizing aspects of Bitcoin are going to win. Cryptography is always going to be stronger than the hackers when it comes to something as useful as a cryptocurrency, in my opinion. Derek, Jay, freebie. These people are hilarious. I mean, good for them. I hope that they make a million bitcoins scamming governments and law enforcement agencies telling them that they can identify people who spend Bitcoin because they can't. They better be watching what's going on with Dash and Zcash if they think that they can, because it's only a matter of time before people who want to be truly anonymous really can be. So I wouldn't have a problem with this in principle knowing where money is going. I certainly wouldn't want to give my money, even in a voluntary exchange, to somebody who I knew was going to do evil, for example, a murderer. But if it's someone who wants to gamble on a website, play poker or buy drugs, that's none of my business. And I'd rather stay out of it. So to me, this company is not doing something inherently immoral. If they are successful, I don't think that it will be to anyone's detriment who really wants to be anonymous and takes the time to do it. Will Panglin. Yeah, I definitely think what Elliptic and the other blockchain analysis companies are doing should be done, because that's how we're going to harden the system for privacy and security. We need that. It's so crucial, these attacks. Like that resistance that I was talking about before, it makes you stronger. Absolutely. So yes, it should be done. Anyone out there, you know, you can have your opinion and vocalize it, but please welcome the attack. Welcome the attack. Will it succeed? I think, yes, there will be some kind of a seesaw relationship between the traceability and the anonymity abilities of Bitcoin. And that'll be good. We need that as we're going to harden the system. And I do think that ultimately the option for privacy will be always available. And I do think it won't require the amount of effort it does today. It will require much less effort and hopefully will be a feature by default. And identifying yourself should be an opt-in process like it always has been with this technology. And Draya Santanopoulos. Well, I mean, if the process continues like this, what happens over time in a decentralized system is that more and more avenues are open for people who want to achieve a very strong privacy and anonymity, at which point the companies that are doing broad surveillance of this type are left surveilling only the innocence and the idiots, the people who didn't figure out how to use the anonymous functions and the people who have absolutely nothing to hide because they're doing nothing. And that's a system that collapses under its own inability to scale on cost basis because it doesn't achieve any results other than the broad surveillance of populations. So Bitcoin makes it very difficult to do broad surveillance of populations, but actually it makes it quite easy to do targets and investigations of individuals based upon probable cause and due process. And that's done using straightforward traditional investigatory mechanisms like seizing a server and flipping witness or an insider. And then all of the information that investigators might need is forensically encoded indelibly on the blockchain, allowing them to prosecute their case with ease. And as a society, we want that. We've decided that is a good basis on which to have justice. Particularized suspicion and support with warrants should be a good basis to offer up the privacy of that person and we should not have broad based surveillance absent of that particularized suspicion. So Bitcoin strikes exactly the balance that is encoded in our constitution. Custom enforcement professionals actually appreciate that and they understand that it's a useful tool because it gives them a forensic trail. And all of the companies that are trying to do broad based surveillance are going to waste a lot of money and become less and less effective over time. So but that's fine as I think we'll set it very well. We need these attacks in order to strengthen the immunity of the system. I wanted to say one more thing to the guys always bring up, I always hear it brought up this like child porn as the reason all the time. This has got to be like the biggest distraction, the biggest like hokey. I mean here I am defending privacy and I'm thinking back on what I said thinking. You know, the question had to, I mean these guys are doing this to like what, cramped down on child porn which I don't know, it just strikes me that this is just such a red hairing, a complete distraction of what is really like you say it so that you can get covered and go and do your other, I don't know, undesirable surveilling activities. I don't know. It's the sliding scale. It starts with terrorism. Then we're doing it for the children that it's child porn. Then it's money laundering, then it's gambling, then it's infidelity, then it's parking tickets, then it's music piracy. And before you know it, you're using swap teams in the NSA to track down music pirates, which is exactly how the sliding slippery slope works every bloody time. They open the door with terrorism and then they just push and push and push to expand until the most extreme measures are used for the most trivial offenses, fairly cementing a three tier justice system in which there's complete immunity at the top, jail and isolation in the middle for minor offenses and a summary execution by cop at the bottom. You know, the bottom line is that this type of sliding scale is used on a gullible public that is terrified of these phantoms of horror and danger lurking around to every corner of the truth is that these things are less and less prevalent in society and the rate of these crimes is going down. Now earlier Andrea said something nice about the government. I wanted to give Derek J a chance for the libertarian response. Derek, do you have anything? Well, I just didn't appreciate, you know, and of course I love Andreas, but I don't appreciate being spoken for when he says we as a society agreed to this and we think this is justice, you know, I don't. And so I just wanted to make that clear that not everyone agrees. I didn't sign the constitution and in fact no one who is alive had any part in signing it. So that's a fair comment absolutely. I think I was simply expressing what I think the social contract is which has not been signed but certainly is accepted by many people but you're absolutely right. You didn't sign it. And as I also mentioned that we can only protect the innocent and the idiots two groups I keep having a hard time joining Blake Anderson. Did we already hear from Theo? Theo's next and my order here I've got Theo next. I keep trying to mess with the order I'm going to authoritarian and I'm going to get my way eventually. So what were we talking about again? I don't even know what we're talking about right now. Child porn and Bitcoin like peanut butter and jelly. It's just it's funny that censorship and Bitcoin I mean yeah, you can you can do forensic analysis on specific people but trying to just go and get as much information as you can based on new addresses for every transaction and technology like that. I mean it's just a like a circle growing outwards at all times so just generalistic analysis is not something that I'm too worried about. Specific people that are really having their stuff watch yeah maybe there's more risk there but I'm not worried as of yet just because the scope of what they would have to do without knowing your customer and anti-money laundering stuff and having one person for one account I mean that seems like a really really really tall order. Maybe they have technologies that I'm not aware of that can help with that. I should be more worried but that that that's my stake it might might stance on it right now anyway. Well you've got to consider also the telephsic is based in London so if they get the twin lists of all the Bitcoin addresses of British members of parliament and BBC entertainers plus all of the Bitcoin addresses of the Vatican they pretty much solve the child porn problem. Oh I'm not touching that one. Theo Goodman. Oh my oh my after all that not sure what to say but I'm going to go back I'm going to like what Derek had to say in the sense of yeah congratulations to whatever startup that got the government or Homeland Security in your sales funnel good job on that one high five and also in the article it says unfortunately for Bitcoin these companies have shown that most transactions come from the dark web and are involved with gambling and I say yeah unfortunately for you you don't know what the hell is going on that means it's actually being used for things that are useful and people want to do that they can't do so that's just total garbage and I also totally agree with will bring it on bring it on let's rumble and it's always fun to quote Andreas when we have Andreas here but I remember you saying once that if you're currency can't buy drugs or can't buy pornography or hookers what good is it and I think the same thing here Bitcoin is good money you can buy anything. I think I think the exact quote just because I didn't say what good it is I said if you can't buy those things then arguably it's not money. Very good and we're going to end the formal part of the show and move on kind of towards prediction or story of the week and I was also going to say this week as it is our hundredth episode perhaps if you have a memory or a high point or something that you really liked about the show that you want to share I was thinking as the episode started I thought about one of the first episodes that we had Andreas on we didn't know each other very well we were just starting out the show and Andreas kind of went off on a rant and he kind of took down the banks and he said a bunch of stuff and after the show ended he was like Thomas are you going to edit any of that I was like no like did we mess up did we stutter or anything he's like yeah you're going to leave it all in all the stuff about the bank and I was like yes of course we'll leave it all in and we were great friends ever since then I thought it was just a great starting point so we'll just go down the line and address we just have a story of the week something we want to talk about or maybe a memory about the show just obviously. You know as usual I think there is a lot of emphasis on drama and speculation and price and sometimes we miss the really important practical milestones in the last couple of weeks we've seen the introduction by soft fork of check sequence verify the first use of BIP 9 version bits parallel activation of soft forks the merging of segregated witness into core for immediate deployment the deployment of two more lighting network solutions including an overlay routing network the deployment of a UDP based high speed low latency relay network for blocks and introductions of several other features and we're about to go into a robotically and programmatically preconditions having that was planned eight years ago and is going to go off right on time without any problems and once again the code is doing what it should do and Bitcoin is not dead eight years. Awesome and I just want to say there's about 125 people watching maybe you haven't watched the show before it'd be great if you want to just subscribe subscribe to the world crypto network we do a lot of shows like this we have obviously 99 old episodes of the Bitcoin group you want to go back and watch them we also have a lot of other great shows done by other people who are all big fans of Bitcoin big fans of this technology and we just want to talk about it and discuss it make it better Blake Anderson. Well what are my favorite memories with the Bitcoin group I think the first episode that I was ever on was when I was speaking it to a Bitcoin in the belt way and that was if you guys remember that was the the conference of the speech that we were all encouraged you know don't don't hold any don't pull any punches like we want to come out and really illustrate the value of Bitcoin versus legacy systems that was an amazing trip it was an amazing opportunity to speak thanks to Jason King and Megan Lordes for setting that all up I think it was one of the best conferences that I'd ever been to and you know meeting all you guys there is probably the best thing that's ever happened to me in my entire life I can say that you know on a quadrically outside of my family you know getting married having kids that that was that was pretty great and another one of my favorite memories was going to visit Thomas in his house and he and his brother gave me the shirt that says a department of of awesome and that's truly indicative of you know who and what Thomas and his brother are they are the department of awesome and they welcomed me into it as well so you know you guys are my best friends and I love you all with all my heart and that's that's my my my mushy thing that I want to say oh thank you like fairy kind Theo Goodman yeah I think my favorite part is when I can't hit the mute button on time and then everyone in the comments says that I'm really slow and complaints that I'm reading from teleprompters and stuff like that because you know that's how I do it that's how I roll everyone I'm coming out here on the hundredth episode I've been reading from a teleprompter the whole time now um I think that uh I don't have any I remember that episode like that you're talking about and you guys were trying to do a hangout like all in the same room and the mics didn't work at the beginning that was really kind of funny or like feedbacking each other on the same table that is a that's a pretty cool memory that was actually really kind of cool to try to do it like that because it was really off top of my head off the top of your guys heads but um not don't really have a specific memory just um you know just everyone actually is just everyone asking about a Bitcoin group hey Theo is there a Bitcoin group tonight is there a Bitcoin group tonight be to be surprised you get like these little messages is so why isn't there one what's going on why isn't there one where's Thomas so all those like little memories like that actually is what I remember a lot um I don't really have let's see last week my story of the week was Wayne chain that's still the story of the week check out WayneChain.com blockchain solutions that solves all possible problems you could ever think of Wayne chain and um for my prediction uh yeah I think uh I agree with you know what's been said so far Bitcoin is not going to die the code is going to work and that's what we're witnessing right here when the block reward is cut in half. I do have a brief memory about Theo. Theo has such a deadpan sense of humor that only I and a few other people really get it and a couple episodes Theo has just walked it out there so far on the line about how he loves cloud mining or how he thinks scurly scurly pumping web pumping pumping web pages are awesome and and people just go with it and they're like Theo how do you say that or Tom how can you allow Theo to say those crazy things just as a deadpan humor and he just sticks with it to the end I just think it's great. I have to agree I love Theo he's so so so so funny and he is so good at the deadpan for a lot of people they don't have the cognitive capacity to understand up what it is and my my attorney is my really good friend too and he's the same way and nobody can ever tell if he's joking he says the most dumb and this shit ever it's just like I was accused I was recently accused of talking shit about ethereum and and then switching and being a dow pumper so I don't know how that happened I don't know what exactly I said but somehow where did my sarcasm accept the trap where did where was I so sarcastic that people actually believe it you got to trace it back it's incredible amount of sarcasm Gabriel D. Vaughan well I have stories of the week my first story is obviously the Bitcoin price was just pumped 1% because of our show number 100 so that's one story obvious you know linear relationship between and Bitcoin price but my second story is of course my personal story with the Bitcoin group but this is a really really special show it was the first show to come online that I'm aware of that you know had some very informed voices for high level discussions of complex issues having to do with Bitcoin and other things in the technology space and it was just so incredible and so impactful to see andreus and newtomas Blake and Theo and Chris Ellis and of course Derek and Christoph and Will coming in and and providing this forum for information and for ideas that was just at such a more sophisticated level than anything you could ever get in the stupid sound bites that you get in in stream media it was just it was just such a landmark and I'm really honored to be part of it now after watching for you know literally more than a year I believe it was and now I can finally open instead of yelling at my shower or whatever it was and saying why didn't anybody mention xy and you know and they didn't say z so this is it's a wonderful time I'm so glad to be able to share my stupid ideas with everybody out there and to to participate in this wonderful thing that still as a forum's I'm aware there's a lot of podcasts out there but none of them really has the same back and forth character and panel discussion style that the Bitcoin group still represents so I'm really really stoked that and proud to be part of it and really grateful to Thomas for putting this together and being so dedicated as the host for a hundred episodes cheers thank you gay very kind very kind Derek Jay my favorite Bitcoin group memory is this right here and I hope you can see that I'm sharing my screen it is Thomas Chris Ellis me dovey Blake Will and mk lords at pork fest doing a live episode together that was one of the happiest times for me and so the story of the week really I think everyone's talking about the happening but I think the story is the hundredth Bitcoin group episode and you Thomas thank you I mean you are providing the listeners of this show already know what an excellent service you're providing with the variety of comments about what's going on in the world of Bitcoin news but what I think you're really doing the greatest value you're providing is the record for future generations who are going to see and learn from the the comments that we've made in the past and perhaps our stupidity or wisdom so thank you for a hundred episodes Thomas thank you Derek's really kind and I just want to thank all the other panelists who can't be here a couple of guys have mentioned but I just don't want to forget I'm a Christoph atlas very important to the show mk lords very important to the show and everyone else and we were probably going to forget your name right now but if we forgot you we appreciate Chris Ellis our friend Chris Ellis has always been great on the show isn't doing too well these days it's unfortunately wasn't able to make it tone veys dropped off earlier it's good to have tone on a lot of great shows and it's just great great to have everybody a will penguin yeah I think for memory well first of all I just can't help but echo loudly what everyone else said about you Thomas I mean watching mad bitcoins every single day was a highlight for me even as I got to know you especially as I got to know you and of course the thrill of getting to do a weekly panel show with you has been amazing you know and all of you guys I I love all you guys so much and the other panelists who aren't here and the little family that we have with this panel is wonderful and yeah we definitely need to do an in-person reunion as soon as we can again my favorite memory I forget which crash it was but it was the show we did after one of the 2013 crashes I think it maybe was the I think it was probably the second one at the end of the year in December but I remember that there was lots of news that day about people who who were looking for friends of theirs on local or on on on Arbitcoin a Bitcoin talk dot org who hadn't heard from them because the price crashed and there was lots of news about people who chose to end their lives because of um Mt. Gox or crap the crash in general and I remember um just feeling really loved on the show after I shared a comment with the audience that we need all of you out there to foster this technology and if we want it we're the only ones who are gonna make it and so we need all of you you know all the speculators and everybody every every all of them who've ever touched Bitcoin in any way and um I just remember feeling really loved uh after I think it was even in the green room after after we had gone off the air and everyone um made me feel really loved and accepted after sharing that and it I was cared to kind of do that and um that changed something for me in my like um Bitcoin career I guess as a public speaker gave me lots more confidence uh as a professional gave me more confidence um and I just want to thank our panel for giving me that and I don't know um I still want to echo that message that all of you out there we do need you and uh everybody out there is necessary to to help us and and can have a role if you are interested there's there's work to be done and people um who want to work with you so um we're bound to go through some more of these hype cycles and hopefully none of them nearly as severe as the previous few um because they've all decreased in in severity which is good but we we need all of you so be smart and stay with us it's a it's a good memory well it's important to remember how far we've come we've seen Bitcoin at 1200 we've seen Bitcoin back to 200 we've seen Bitcoin back to almost 800 you know we've been up we've been down a lot of people lost money if you held you probably made that money back recently or got close to it and just yeah you need to keep going you can't get so into one part of the cycle or the other part of the cycle we all need to keep going. Hey Will did you give away Bitcoin today in the video? I did yeah but I think before I could even mention it someone swigged it so good on them whoever it was. Yeah so I know who did it and uh I know who got it is a friend of mine on telegram and uh I have a feeling he's going to use it for some bets on the UFC tonight for gambling but hey he got it. Hey guys hey yeah but you guys gotta be aware of you know QR codes probably all your Bitcoin freaks can just scan every single code to see if it's a possible private key now. Good on them and thanks to airbits for sending out a little donation there. Very cool um I know I kind of my story of the week is basically I've been reading this Neil Stephenson book called Seven Eves on the very first page no spoilers the moon is destroyed so humanity has two years left before the entire planet is wiped out so we have two years to get into space and I don't want to spoil any more it's fantastic books about a thousand pages it's really long I've just been flying through it and I just think it's fantastic seven Eves uh check it out um I don't know is there anything else we want to say are you guys about ready to end this show or a hundredth show obviously anyone watching please subscribe it's very cool if you want to follow me on uh Twitter at mad bitcoins if you want to join the World Crypto Network Slack maybe you want to make your own shows send me your email on Twitter and I'll add you to this Slack it's like a chat room um anything else anybody all right well Gabe's got one more chart looks like a chart chart is not a chart but we're going to move on and we're going to end this show so I can go back to work and that's about it until next time bye bye