The American Original. For over the last 10 seconds, the sharpest Satoshi's, the best bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists, Theo Goodman from the Rare Pepe Blockchain Foundation. Hey, what's up everyone? I'm here to bring you the latest from the Rare Pepe Blockchain Foundation and all of the most important news from Bitcoin, altcoins and shitcoins. Tones from Liberty Life Trail. Hi everyone, I finally got this to work outdoors. Oh my God, that was like a six month project. Six months to install a range expander. And I've talked to it from the World Crypto Network, moving on to issue one. Bitcoin is money. US Judge says, in the case of US versus Mergeo in the Southern District of New York, judge Allison Nathan rejected Anthony Mergeo's request to dismiss charges. Mergeo argued that Bitcoin was not money as defined by federal law and that his business coin.mx did not require money transmitter licenses. Judge Nathan disagreed, writing that bitcoins are funds within the plain meaning of that term. Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange with a bank account. They therefore function as a pecuniary resource and are used as a medium of exchange and a means of payment. I ask you, Theo Goodman, are bitcoins money yet? Well, of course, as we see in this example, it depends on who you ask. There's always going to be one judge or one lawyer that's going to think that they know better than the next. And you know, judges like to outdo each other and depending on how high they are. So let's see what happens. I don't think anyone really knows at this point, it tend to go onto the Bini Baby side that it would be better if Bitcoin was just like Bini Baby's with a blockchain and just kind of like a commodity or a collectible kind of like RarePippy blockchain collectible cards. You know, it's an example of the right way to use a blockchain. You know, you need to use it for collectible things and you can trade the cards with your friends or you can play games with them. But it's really money. I ask you audience to comment below in the comments. I've always thought that about Bitcoin. You've got to collect them all. Toned base. Oh, man. So this story, it's interesting. It's very different than the Florida case. This is a federal case. And federally, it's already been announced that it's money. I believe the trade on Shaver's case in Texas initially ruled that it was money. And the end result of that was even though they filed an appeal, I know Jason Seaver was the lawyer filed an appeal because they were also trying to claim Bitcoin is not money. But before anything happened there, Charlie Shrem's case, he ended up going to jail or prison for it being money because they used the ruling from Texas. That was I think right cough was the judge on math, the federal judge. And now another federal judge is ruling that it's money. This is actually kind of bad for Bitcoin. You don't really want Bitcoin to be money. Early on, we all wanted it to be money for legitimacy. But now we all realize how bad it is if Bitcoin is money because now everyone that owns a Bitcoin can literally be a money launcher, like automatically. You own a Bitcoin, you are hiding money from the government, like automatically if it's not in a bank. But that is what you always say to him that Bitcoin is money like catch and that we're all dirty money launders. I always say lies. That's what I always said. I didn't think the government was listening to kind of figure it out. But in that case, there's a lot going on there. And I really read the article from Reuters and I remember when this happened, but I really need to go back and do more research. I like the guy's lawyer Brian Klein. He knows what he's doing. I know Brian. He's probably the defense lawyer I would call. One of two or three defense lawyers in the crypto space that I would call. But the thing is, so the exchange is MX. So it's Mexico. But there are other parties involved. And this is where it gets complicated. There is another party out of Israel and they seem to have done the hack at JP Morgan. And then somehow this exchange was involved. So I really should have read more details, but it's just article. They're combining hacking JP Morgan, selling accounts and somehow that has to do with the guy that was running an exchange. This is weird. Everything is weird. I just close the article. Shoot. Maybe I can open it back up. I wanted to get to this one part in that article where they literally jumbled it all together. But it really makes no sense. They're basically just throwing the book at everybody. They just want people to be held accountable because it was a bank. Anytime something happens that involves a bank, it all hell breaks loose and everybody needs to be accountable except for the bankers, of course. Those guys can never be accountable. Okay, I got the article. So here's the sentence that I couldn't like all my mind. It says, authorities have said coins that Max was owned by Gery Schellen and Israeli man who, along with two others, was charged with running, oh shoot, no, things are open. Was charged with running, sprawling computer hacking and fraud schemes targeting a dozen companies, including JP Morgan and exposing personal data of more than 100 million people. And well, we'll talk about exposing data in another story on the show. But here's the next sentence. Data-ledged scheme generated hundreds of millions of dollars of profit through pumping up stock prices, online casinos, money laundering and other illegal activities, prosecutor said. I'm sorry, to me this sentence really, really makes no sense. I just don't get it. How is this, how are, I mean, if it said, you know, pumping up shit coins, I would totally understand. But it said, pumping up stock prices. And what does that have to do with coins that I'm ex? There was another story saying that the feds were buying their coins through coins. Max, it just feels like there are some big parties involved that they're trying to obfuscate from this situation. And they're just throwing the book at these people. I don't know what kind of evidence they have to connect all this. It's also cross-country. I mean, I hope the guy that ran coin at Max was in Mexico and is a Mexican citizen. I'm not sure. I hope these really guys are really. I think it's just the domain. And I think to even make it more confusing, I believe they were a credit union. What they did is they bought a credit union to start the company, I believe. Is that the credit union in New Jersey? I don't know. I don't know. I don't know how to get into details about that. But it just makes it even more complicated. And, you know, I'm sure the lawyer fees are really nice on this when they're milking it. Oh, yeah. This is, it's all over the place. But again, it goes to show that the right model remains BTC-E. You stay out of this country. You stay anonymous and you do a good job. And when you get hacked, no one can even release your data because you used a state of the art encryption system internally so that no one can break it. It seems to be fine and you tell your users you're trading at your own risk because our reputation only goes so far. We can just steal your coins and you'll never know. It seems to be working for them really nicely. And it's shocking that they haven't run off with everyone's coins yet. We have no idea how big their reserve is, but it's got to be pretty large. All right. Let's move on to the exit question. How long before we get a final decision from the US government, Supreme Court or otherwise, what Bitcoin is indeed money? Follow up. Will I be able to pay my taxes in it? Yes or no? The old goodman. When are we going to get it? When are we going to get, it's going to take five to ten years. And as far as are you going to be able to pay taxes with it? Well, I think you're going to be able to pay your taxes with something green and that would be a rare pay-papy blockchain trading card. I'll be cruising around by self-driving automobile by then. Tone Vays. Actually, those questions are kind of interesting. One of them is easy to answer, but I'm thinking about the harder one first. Will you be able to pay your taxes with it? A federal, probably not. Only because the government is very stubborn. It's not that they're going to keep the Bitcoin, right? They can just use a payment processor like Circle. I don't think Coinbase will last too long. I think how to stubbornness they won't do it locally. I really don't see why not. I really don't see why a city or a state won't allow someone to pay their taxes in Bitcoin because they'll just go through a payment processor and take the dollars because they're not, they don't really need the Bitcoin. So I can definitely see that happening. I mean, shoot if it, look, if it actually brings more money to your government, especially local governments, they are now in trouble and the federal governments don't really want to help them, nor can they help them. That's a different discussion. I really see a big deal there, but federally, I don't see it happening anytime soon, mostly because of stubbornness. As for your other question, the Supreme Court, that's going to take a while. That's going to take a long time. I mean, I, to tell you the truth, this might be as as conceded as the next thing sounds. I don't think the Supreme Court wants this case. I don't think they want to rule on this case because this might be one of the toughest decisions they will ever have to make. And the reason I say this is because I see a bunch of cases going to the Supreme Court and I'm always sitting there in my living room going, well, I know what I'm going to rule here and I have no idea how I would rule in this case. I really, really don't. It's, I think it's going to be extremely difficult. I have no idea how they're going to do it. I don't think they know how they're going to do it. I don't think anybody does. It's, it will be a really hard case. Oh, and before we move on to the next story, when you said, when you were laughing at me, that it's, why did it take six months to set up a Wi-Fi extender? It's a lot more difficult when you don't pay for your internet. And I'll let people think about how that's working. This is anarchism. This is Bitcoin. This is how, this is how, how, how, how, how, what's left? Very good, but the correct answer is less than five years and yes, moving on to issue two. Issue two, Yahoo, hacked. Yahoo, the failing technology company recently sold to Verizon for $4.8 billion, announcing that more than 500 million accounts were hacked in 2014, and that they believe it was state sponsored. The hack could endanger the Verizon deal as it was not revealed beforehand. The stolen data includes names, email addresses, dates of birth, telephone numbers, and encrypted passwords. Tom Vades, just business as usual is another large honey pot is hacked, or does it mean something more because it could cause the deal to go bad. I personally don't really care because it's the deal to go bad. I am neither invested in Yahoo, nor Verizon, and I honestly hate both companies. I absolutely hate both companies. And I only hate companies when they personally annoy the share to me and both of these companies have annoyed the share to me. So I have multiple emails with Yahoo, Yahoo was the first email service I've ever used. I thought I was being smart, I had three Yahoo email accounts, I had my personal email account, I had my, I guess throw away email account that I gave to all of these companies that I registered with throughout the last 15 years, and then I had my professional one that I would give out to on my resume, because I had Yahoo since early college days. So yeah, as a personal, where you know, bullshit with your friends, and it was annoying maintaining those three email accounts. And as it turns out, the one that became most important was my throw away Yahoo email account, because I used it to sign up for basically everything in my life, for all these other things like Facebook and LinkedIn and everything else that needs an email account, and all of your banking and all this stuff, now goes through this account that also gets all the spam, no one ever emails you personally anymore, really, at least not on that one, I have my encrypted email, I probably have about eight emails. So the annoyance that I have with Yahoo is that they've locked me out of my own emails, all of them, at one time or another, to force me to keep changing passwords that I now keep forgetting, to force me to give them my phone number, to force them to give them my data birth, all this information that they do not fucking need to provide you with an email address. Now it all gets hacked, and I go to have your data birth, now they have the important information. My email is not that important. My data birth is kind of important, and my email and my phone number is kind of important to me, because I've had this phone number for 20 years, and I like the fact that I have a very limited number of telemarketers calling me on my cell phone. So Yahoo has been like driving me up the wall. Also this hack took place two years ago, and now I'm being bombarded by emails from Yahoo that I need to change my password because of this hack. Well maybe the email two years ago would have been a little more useful than it is today, right? Verizon is pissing me off because they wouldn't let me keep my unlimited data with their cell phone, maybe because I was running my entire apartment with it at the time, rack it up, 80 gigs of Verizon data on my cell phone, but hey, they signed the contract with me eight years ago that I never resigned and never broken. But they wouldn't let me keep that after I moved that number over to Google Fi. Here's a plug to Google Fi. I love their cell phone service, so I dumped Verizon for that. So Verizon has been pissing me off as well. So I don't mind those. As far as the data breach goes, I've said this during the LinkedIn hack, I said this during all these other hacks. There is three important internet security feature. Three things are important in internet security, and then there is a close fourth. The first one is your internet security is maintaining a nuclear facility, also includes biological and chemical things that will basically wipe out a continent. Your internet security needs to be tight. You are running your country's electric grid, your internet security, better be tight. And the third one is your internet security involves the security of your bitcoins. Those are the only three internet securities that matter. There is a close fourth, which is you're running a hospital and a few people might die. That's a close fourth when it comes to internet security. Everything else is completely irrelevant unless you use those logins and passwords to secure your bitcoins. Then immediately go and change the security of your bitcoins. Otherwise this is, I'm not changing my passwords. If anyone has them and they breach all my other shit, including my bank, they put their money back in my account, and I'll tell them to go to Yahoo. Again, the only security, because I am not running a nuclear facility and I'm not running a hospital and I'm not running an electric grid. The only internet security that matters to me is how my bitcoin is being stored and it's all in cold storage or close to it and all the passwords in my head. Wow, there's some tough complaints against Yahoo there, Tom. I've got to say, I very much agree with you on the email security issue. I've had a very old Yahoo account since the beginnings of the internet. And yeah, I remember about three or four years ago, they started asking me for my phone number every time I logged in and I keep saying no and I keep saying no. Every time I kind of talk about it. I'm so afraid. I still say no and I chuckle at it because I'm like, we need to keep your accounts secure and I'm like, wow, I've had an account here 15 years, 19 years. It's been 20 years, it's crazy to care. I think I got it under control. I'm not going to get locked out of my account. It's never happened once. Such a stop asking my phone number. But I do feel for Yahoo. I've used many of their services for a long time. I like their fantasy football, fantasy baseball programs. Very simple. I'm a big fan of Flickr, of course they bought Flickr and I was a big fan of Tumblr until Yahoo bought it. It's kind of been the red-headed stepchild of the internet and it's really sad to see them almost sold to Verizon and then see this hack go down two years ago. It should have been made public in the due diligence of the report. I don't really don't understand the decision not to make this public beforehand. I know the truth about the sale but it's going to come out, right? I mean, I'm sure Verizon now has the opportunity to lower the price. But I don't think anybody cares at this point. Every day it's like now the joke is who holds the record for having the most accounts hack. The fact that Yahoo had 500 million accounts tells me that there's still not that many accounts which is a good thing. I think the population is already synthesized and like no one cares. People will be pissed as to why they were asking for personal information that they didn't need. But you can also blame the government for that. I think pressure is coming from the government for all of these sites to hold that. By the way, Facebook is another one I'm pissed off at. They have locked down my birthday when they're no longer allowing me to change my birthday on Facebook. They sent me a notification saying it's now been locked down. It's not the correct birthday but it's not what I kind of wanted. So now I've got a screw. I may have to create a new Facebook account now and I've had that Facebook since like 2001 or two in the early days back when you needed a ecology male address. I don't know. All of this is driving me insane. We eat better solutions. And they're not scenario. Sorry. Oh, it's a good point, Tony. But the real irony here is that the company is buying Yahoo essentially for its users and all of that data is what has just been stolen. So it is pretty funny that they're paying $4.5 billion for something that you can probably just go download at the Pirate Bay. I mean, I don't know what you do with that. I know. What a bit cheaper to pay the hacker. Oh, sorry. Sorry. One more thing. The whole state sponsored thing. That's got to be complete bullshit. It's just them covering their ass with a statement that cannot be verified or confirmed. It's like anything happens. Blame Russia, blame China. Like this wasn't happening before internet. Like this Google was hacked. Like what if something bigger was hacked? They still need to be protected. Even if it is a state sponsored, your guarantee is good enough. It's the big game. Right. This is what it is. I mean, you got to, it was, oh, it was Russia. Well, maybe we should have, maybe people should be signing up with a Russian equivalent to Yahoo, you know, for protection for their, for their formation. All right. I think I've rambled long enough. All right. Let's see what Theo Goodman has to say about the Yahoo hack. I think everyone is missing the boat here. I mean, you know, everyone is complaining and talking about symptoms and nobody is offering any solutions and the solutions are right in front of us. If you would have been using a decentralized version of Yahoo on the PIPI chain that is using counterparty, then you wouldn't have this issue. And then even you could even use Yahoo fantasy sports and Yahoo male, which is a really good service. And the best service is Yahoo search engine that really delivers the best search engine result page that is on the internet. I mean, it's really good to use that for your search engine results because then you get a different opinion than Google. Of course, Google is not space state sponsored. Who is state influenced from the hackers accordingly, according to them. So we don't really know what's going on there. So we need to build, use our imagination and participate in some token sales, some ICOs that are willing to build the new Yahoo, the new internet that is totally decentralized and on a blockchain so that we can do all this stuff secure and that will not be able to be tampered with by some external state. You will be able to use rare PPs worldwide and no government will be able to intervene. Excellent work, Theo. Really going to solve the Yahoo problem, I think. Moving on to the exit question. The Yahoo hack will cause the sale to Verizon to fail. Yes or no, tone based. I don't think so. I think the sale will still go through. They might just get a cheaper price. I had to share my screen because this just made me crack up. I looked at my Twitter, dark pill. Thank you. Here's the shout out. That's hilarious. Scroll down a little bit. I can't see the words. What does it say? Oh, wait, hold on. Let me do it this way. It's like the ring, you're like coming out of the screen. Nice. Good stuff. All right, Theo Goodman, the Yahoo hack will cause the deal to fail. Yes or no? No, they'll just have to sell it cheaper. I also agree the answer is no, but I don't think they'll affect the sale price. I think they'll just take it in stride. This is just something that happens to internet companies. Verizon still wants all those properties anyway, so still a good deal. Get Andreas Antonopolis' new book, The Internet of Money, at purse.io, where it's 5% off, just for spending Bitcoins. Sign up today at purse.io. Spend Bitcoins, save money. Issue three, Bitcoin Unlimited launches. Bitcoin Unlimited, a fork of the Bitcoin testnet, but with support for bigger blocks, mind its first block on Thursday. Roger Veer, early Bitcoin adopter, continues his quest for bigger blocks, has backed the fledgling implementation with the power of his Bitcoin.com brand. And what's left of his good name? Theo Goodman, is Bitcoin Unlimited the solution to the Bitcoin scaling problem? Or is this just another altcoin? Or should I say, alt implementation, heading for the scrap heap? I think that it's been verified that these things can cause a lot of problems and a lot of confusion. Let's say, for example, that I own one guru paper, one rare paper, and 10 shit coin carts that I bought on the counterparty to Central Exchange. And then comes along this other verified chain that's called Bitcoin Unlimited. And it says that it wants to be consumer friendly, consumer confusing. Because what does that mean? Bitcoin Unlimited, I get unlimited Bitcoins. Or does that mean it's the fork, like with Ethereum Classic, I get two for one. For every Bitcoin, I get unlimited Bitcoin. But it's not unlimited Bitcoin, I only get one. Or if I have a rare paper card on the Bitcoin blockchain, do I get one on the unlimited blockchain? Or do I have unlimited rare paper cards? How does that work? And are the rare paper cards verified that are on the unlimited chain? Because all rare paper cards need to be verified by the rare paper blockchain foundation. That's how you know it. They're not in postures. And that's a serious matter. That's why you have to hit us up in Telegram in order to get your rare paper verified. This thing just causing confusion, disorder, and maybe someone needs some attention. Oh, tone days. All right, you know what, Thomas, we should write up a disclaimer, like an apology to Roger Fair, because we like him as a person. And then we can just show to the disclaimer and then move on with that, because we do this. I didn't get to find the last thing we went out of our way to do a huge disclaimer and really say, and this is true, we like Roger. We think he's a nice guy, met him a couple times. Super nice guy. We're just disagreeing with you on the issue of bigger blocks. We know that you're committed. We're not doubting you're committed. I think that I think we know what's going on here. If you have a problem, there is a solution. Bigger blocks. Bigger blocks. So there you go, tone. There's that disclaimer. Yeah, we should write it up and we should bring it up on the screen and be like, I don't know. It's, you know, he's asking for this debate. He wants us to discuss it. Like, we're just discussing it further. I remain at odds with Roger and the big blockers on this issue. But to me, we have Bitcoin XT and then we had Classic. And now we have Bitcoin unlimited. It's the same stuff and they're trying to like push it in and push it in and push it in. I'm sorry, it's a lose lose. Even if they get their way and the reason they will lose is because they will push out the smart developers of Bitcoin and they will replace them with incompetent developers of Bitcoin. Not that I put a government reason in the incompetent vote. He was very critical early on. He was important in the beginning, but he has clearly been replaced with better developers. And I think they couldn't wait to remove his admin credentials and they did. This happened over the correct right thing. The scenario there during consensus. And I think they're happy to get them out. I've never been against Gavin and Dresan. But even from that movie, from the documentary, when Gavin and Dresan says, yeah, and then I decided to go talk to the CIA and then like the next day, the last message from Satoshi, I think it's in good hands now. I'm gone. I was a surba anonymous. Now I'm gone. So there are several things that I was never a big fan of with Gavin and Dresan and I've always disliked my turn. And I've never been a big fan of Peter R. The first time I have a sought Peter R, he was giving a presentation at scaling Bitcoin. I attended both scaling Bitcoin. Unfortunately, I will not make the next scaling Bitcoin in Italy. I just got an email during this during our podcast that my proposal to speak at scaling Bitcoin was not accepted. I don't want to say rejected because they said they had a lot of good submissions, which I'm sure they did. I did not make the cut. Would have been nice to present. But anyway, the first time I have a sort of Peter R, he was presenting at the first scaling Bitcoin and I just sat there going, oh my God, I disagree with everything this guy says, with everything in his research. And I'm not even like a developer, but it's just what he said made no sense economically and in general. And then the same thing with one of the two-man brothers, he gave a presentation that I'm like, oh, this makes a lot of sense as to why we don't, we shouldn't have big blocks. And then his conclusion is, this is why we need big blocks. I'm like, what? Well, I'm not a developer. Then I just see the same presentation as like you created. But anyway, so I really don't get it. I think this is bad. In that article, Roger says that if blocks were like 50 gigs, we would still, people will still make like one and a half megabyte blocks. No, they won't. The blocks will be 40 gigs because there will be a competitive advantage to fill these blocks to the max in order to gain mining. It's insane that the core team does so much testing and so much analysis and these guys are just like throwing stuff in there. Well, I'm especially not with the Ethereum example. We've seen what can happen with the hard fork gone bad. I'm not even going to. There are two versions of Ethereum. There's two of every coin. I mean, we've seen this like the slow and steady way of the Bitcoin core seems to be a contrast to Ethereum's quick and dirty way of doing it. We have to learn from these mistakes, right? I don't even want to talk about the obvious. Like I honestly thought that all the baits of bigger blocks would end when Ethereum showed us the way. And they became do Ethereum soon to be three or more. And I don't want to talk about the obvious. I want to talk about like the not so obvious. The fact that you don't know what will happen when you do this. You just don't know and there is no going back. This is why the core team is being so careful. I know Roger has a problem because he's trying to run a legit business with Bitcoin where people are buying widgets going back to economics 101. When people are buying widgets for small amounts of money in Bitcoin and then Roger needs to move all that and he's paying like $20 fee. And you know what? It's still cheaper than credit cards. And I own a business and no one has ever paid in Bitcoin in three years. And at this point I don't want anyone to pay in Bitcoin. It's a regulatory nightmare for me as a business. Not a nightmare but it could be if a cop came in and paid with Bitcoin and then they want to like my business barely makes any profit. And if a cop came in and paid with Bitcoin for 60 bucks and it's just 60 bucks. And then at the end of the year I get a letter from the IRS. How did you classify that 60 bucks? I don't want to deal with it as a business owner and a Bitcoin expert. I don't want to deal with it. There's nobody at my business that runs the register that knows how to even accept Bitcoin at this point because I am not going to spend half an hour every month to explain to new employees how to accept Bitcoin. Look, I was on the bandwagon of every business needs to accept Bitcoin in 2013. We all were. But today I have totally flipped on that. Look, the dark markets know how to use Bitcoin very well and it's working for them. Let's see where they take us. I know it's not something people want to hear. There's a market right next to the dark markets that needs to accept Bitcoin and that's the legal medicinal cannabis and the legal recreational cannabis businesses. They both have huge cash problems that could be solved by taking Bitcoin or even maybe storing some of their funds in Bitcoin. And I'm going to go the other way on this one. I've spoken to a few of those people and it wasn't like it. You're like, why don't you use Bitcoin? Why are you going to hire people and buy safes and store all this cash? Why? And then all of a sudden somebody answers and you're like, oh shit, well that's obvious. And here it is. Legal cannabis is not really legal because it's still illegal federally. So they are in a very, very gray area. And the last thing any of these business owners want to do is to make it a little more gray by then using a gray currency that's barely not illegal on top of their cannabis business that's barely not illegal. And then you're like, oh, well that makes sense. It is a very valid explanation. You have to think only break one law at a time or only use your fake driver's license to drink, never use your fake driver's license. Forget that. I'm going to go all in. You got to go. Some of them do use Bitcoin, but yeah, you're right. I think they have to take a look at their risk. Just wanted to add that sometimes that changing a one, two or two is a small change. But sometimes just changing a one, two or two unloads a whole whoop ass on you and the whole thing crashes. So just keep that in mind when you're talking about all this block size stuff. Is this some kind of metaphor that you're going one coin Theo? You're going to double all of our coins by March? No, no, no. I just think I'm not claiming to be a programming expert. I'm just in complex systems when you change one variable just by one unit. It's a, oh, just change the five to a six. Oh, it's fine. It won't hurt anything. There's a lot of unexpected things that can happen. I'm thinking of what else I can add. That's just not obvious. Look, I mean, the obvious thing is if it's a bigger block, it will take longer to propagate through the system. It will. From turns from what I understand, like the thing with the $20 fee and all that, the bigger block didn't help anything with that. I also agree with you. I agree with you. It doesn't help that either. And from what I'm hearing, I know Roger is involved with blockchain.info. I'm not a huge fan of that wallet either because that wallet has failed me a few times back in the day. I'm sure they're better now, but I'm a creature of habit. I don't know how good their engineers are. I know they, all of a sudden, we did it on this show like six months ago. Boom. They did the liking network in like a few months. They were like, no, why? No, this is, I don't trust it. They seem to, I've heard estimates that it will take years for liking network to come. And they already have a blueprint for their own. They focus on making a good wallet. Focus on making a good wallet. And I don't know what engineers they have at Bitcoin unlimited. I trust the engineers at blockchain. I don't trust any other engineers programming Bitcoin. And I'll leave it at that. I want to see the smaller blocks for as long as possible. I don't think Bitcoin has a lot of competition right now. No one is using those other coins. I'm sure we're going to talk about Monero and Zero Cash very, very soon on the show. I'll tell, I'll save it for that. Yes, Bitcoin is losing its market cap. But that's only because Bitcoin is now a terrible speculative trading tool. And everyone is here to the coin, the other coins. Yeah, Bitcoin is losing market cap because of slow confirmations. Everyone is going into upcoins because they're so fast. I think you've seen the chart. That's ridiculous. Oh, oh, and if Kyle Torpy, if you're listening to this, there is a set and send there. You need to change. I was going to text you, but I don't know. I just didn't get around to it. Bitcoin's 10 minute confirmation is a feature. And it's a great feature. It is not a bug. It is not a problem. First of all, Bitcoin settlement is 10 minutes. Bitcoin confirmation is about three seconds. But in three seconds, you can usually walk away. I'm sorry, no one is going to double spend buying your t-shirt. And if you have to hand that t-shirt over, you can still wait more than three seconds. The 10 minute part, it doesn't affect anything. I mean, even gambling sites will let you make small bets with less than one confirmation. And if it's a bigger bet, so you wait for one confirmation. If it's a huge bet, you wait for six confirmations. The more you're spending, the longer you wait for confirmation. That's not a problem. Settlement in a credit card world is not instant. Settlement is three months. And I notice because I run a business and I very rarely get a charge back, but I do. And I have no idea where these chargebacks are coming from. When we get a charge back, it could be three months ago. So Bitcoin's 10 minute settlement. I know it's called confirmation, but if I'm doing anything with Bitcoin for under $1,000, I'm perfectly happy with after three seconds, one of my wallet notifies me that it's seen by the network. Excellent. Point, Theo, anything else to add on this? No, I'm good. All right, let's move on to the exit question. Best named Bitcoin replacement. Bitcoin classic, Bitcoin unlimited or Bitcoin 2. Theo, good. Has Bitcoin 2 been released yet? I don't know. I think there was an altcoin called Bitcoin 2. It was kind of early. I don't know. I think the best Bitcoin replacement, I don't think they're trying to replace Bitcoin. So that's the funny thing. But I think XT stealth coin is the way to go. Bitcoin XT, telling days. Oh, man. I don't know. There it's all insanity. I don't know. I like clams. There you go. Clamps. He's recreating clams. Clamps? Clamps. Clamps. It's an awesome altcoin. That's a good one. It's still around too. I'm going to go with Bitcoin 2, the revenge. All the features of Bitcoin that you liked, none of the features that you don't like. It's Bitcoin 2. It's better. Has a higher number. Watch out for Bitcoin 3, though, on the horizon. Moving on to predictions or a story of the week, Theo Goodman. Are you ready with a prediction or a story of the week? Of yes, of course. Ladies and gentlemen, the story of the week is the rise of the Rare Pipi Blockchain Revolution. And here, over at RarePippyDirectory.com, you can check out all the Rare Pipi Blockchain trading cards that have been verified by the Rare Pipi Blockchain Trading Foundation. Check us out in Telegram at the Rare Pipi Blockchain Trader Group. We're going PEPA Crazy. Rare Pipi is the blockchain revolution and it is the proper way to use a blockchain. Hey, zoom in on Vene. I loved that one. zoom in on Vene. I loved that. I loved our card. Click on it. People will be talking a lot about Rare PEPA in the future. They were talking about blockchain. That's a rare one. Only $999 of that one have been issued and that's not a bad one. Oh dear, you poor lost lambs. Alone in the future with nowhere to turn. If only you told me what you were afraid of in the beginning. I could have made it all better. I loved it all. That was my favorite. Oh man. How do I want one? I'm not going to buy one. I would love a meme on that one. I would love a meme. I've never used that party. I've never used assets. I have no idea how to use that stuff. It's 100% decentralized blockchain revolution. My technical competency began and ended with Bitcoin. I'm surprised I made it this far. Sorry. I got you set up on our party. Are you ready with a prediction on a story of the week? I actually am ready this time. I have a story of the week. My story of the week involves what happens in the Bitcoin space when you make a decent amount of money and you end up in Florida. This is the story of, I'm sure people have seen it by now, the story of the founders of Paxful. I was wondering how long it's going to take Paxful. Paxful. Their CEO, I believe CTO and one more, probably another CEO level manager of their little company. They decided to have some fun and they all ended up getting arrested in Miami because they deserve my Darwin Award for the year. That was just stupidity. If all the arrests in the Bitcoin space, you really want to at least have a Bitcoin related and this wasn't. They decided to go on the roof and show off their guns. They didn't shoot the guns. They were just posing with their guns, which I hope were purchased legally. The ski masks and other masks didn't help. It also doesn't help that the CEO's name is Mohammed, who I know as Ray and the news. Because I know the guys and I know they didn't mean any harm, I really want to say the news report to blew it out of proportion. But then again, when you have masked men with Russian and Arabic names walking around posing with guns, large guns, it's hard to say that it wasn't blown out of proportion. You got to play the video. You got to play the video, Thomas. I'll look for the video. Let's see what we got here. It does look like they have a video on this side. Oh, that on that one. Look at the link that I sent from the local pet news. I don't know if it made national news. I would be kind of surprised if it didn't because it looked bad. I know it's not bad because I've actually met the guys. I know the guys, which is like, so I know they didn't mean that, but it looks bad. The only thing that I found surprising is that when they said they broke into their apartment and they found the guns, a bunch of ammo, cocaine, hookers. They were missing hookers. I can't believe they didn't find any hookers. You don't really need sound, but there is one clip in there that kind of says it all. There you go. That doesn't look good. If you go back to when you're walking, yeah, that does not look good. That looks bad. It looks bad. It is bad. I honestly think they're going to get off because it'll be hard for them to... If the guns are legal, if the ammo is legal, if there was just enough cocaine to be considered with personal use and not distribution, I don't know what they can get them on other than scaring people, which may or may not be illegal. I'm still curious how the whole clown situation in North Carolina turns out. This is what happens when you make a lot of money and you also have to realize as Bitcoin people, we are dealing in a gray area and people need to blow off steam. The way some people blow off steam is with cocaine and guns and the way other people blow off steam is they go lay in a pool. But you are dealing with very high stress businesses. These guys are running Paxful, which is a local Bitcoin's kind of competitor, specifically tailored to Backpage, which is another reason why I'm surprised there were no escorts involved in that situation because they should be very familiar with them. You're dealing with people that are already on the edge of the law and this is what you will get. If you want innovation in Bitcoin, these are the kinds of people that are going to run these profitable companies. When they make money, they're going to blow off steam a little bit differently than perhaps a Mark Zuckerberg. This is what you have to expect and deal with. I'm glad their company exists. I hope their company remains. They're providing a great service. Obviously everyone knows about this. Don't do stupid shit. National news. I don't know if there were national news. I don't own a TV. I use internet for everything. I have no idea if it was national news. Don't do stupid shit. That's my story of the week. I don't know if that's going to be popped anytime soon. Great stuff, yeah, Tony. Also a lesson to all of our libertarian viewers. If you have some nice guns and some nice ski masks, don't wear them together. Even if you're on your own private balcony, it can look really threatening to a lot of other people and it can expose other things that you may be doing in your house that may not be so legal. Take your photos inside. Take your creepy machine gun tooting photos inside. That's a good tip. Stay away from metropolitan areas. Stay away from cities. Moving on to my story of the week this week, which is had a great time this week with the San Francisco Bitcoin meetup. On Tuesday, we had Andreas Antonopoulos. He gave a little speech at the Bitcoin meetup. It's great stuff. You can watch Andreas' speech right here on the World Crypto Network where we streamed it live. Check it out. Andreas Antonopoulos has a new speech. He's got a new book and hopefully he'll be traveling somewhere near you. You can see Andreas' speech on his tour. Check it out. Go ahead, Tony. How was the blown off steam party with Jackson Palmer? Oh, yeah. We also had the blown off steam party last weekend with Jackson. We had a whole bunch of whiskey and some beer. We had a karaoke machine at one end. We had a silent disco at the other end. We had some face painting, some LED spinning. It was a great time. Everyone had lots of fun. Did everyone, I hope everybody followed the anti-harassment policy and had a good time. The silent disco was the headphone thing or what? Yeah, the silent disco. They had a bunch of wireless headphones. They worked all over the place. One of the nice parts about that is not everyone likes karaoke. I admit, not everyone can sing karaoke, but we invite everyone too. If you didn't like it, you just put your headphones on. You kept dancing and you didn't have to like the oo or anything. You could just think that we're going to have to have a... We're going to have to have a world crypto network totally out of sync karaoke because of internet streaming abilities somehow. That would be great. A world crypto network karaoke party. The tongue had the pizza party. That was really fun for the football game, the Bitcoin football game. We all ate pizza. The one and only ever Bitcoin bowl. That was great. That was great. Wait, I just like silent disco. Did you guys have the party at the library or something? Then I just got an idea. Oh, man, you go to the New York Public Library, the biggest one. You bring a DJ. You set up a DJ equipment where you run everything through wireless headphones or through headphones. You literally have a disco party at the library, but it's that silent. I wonder what they will say. You could just not make it any noise. You were absolutely good. That's what was so great about the silent disco is. It was around two, three o'clock in the morning and they kind of came over and turned off the karaoke machine, which was pretty much the end of the party for me. But what was nice about this party is that the silent disco kept going and the headphones have different colors like they can light up so they're blue or green or red. You could have three different DJs, DJing different kind of music and people are dancing at different beats. You could walk up to someone and change your thing to blue and you're both on blue and now you can dance at the right beat. It was really a clever and neat idea. I'm not a big dance club guy, but I could see how it would be totally fun. But yeah, that was the blow it off steam party. Jackson sang a couple songs. I sang a couple songs. Surprisingly little footage of this has come up on the internet so far. Jackson I think expected a lot more footage of him singing karaoke would make it out. We did have a great video from such wow TV. Check that out on YouTube. We linked to it on my Twitter. A couple of interviews and a little footage. Surprise you didn't live stream it on steam it. We definitely could have live streamed it or tried to do some more in paroscoping. It's tough to like go to a party and film a party at the same time. There's a little thing. I think that you need to go to a party, boil some eggs and video the steam and put that on steam it. It's also tough because steam people are so hard to get a handle on Laura from such wow made that video and it's a great video of the party they paid for. You think they'd be interested? It got like 30 cents. No comments at all. Not even like a comment. So it's a standard. No comment. No comment. No comment. The end of the show. No comment. I think that. There were at the end of the road. Now this is not karaoke time. Ladies and gentlemen, but there are some things that have to do with large mammals. Oh man, boy, some men. Thanks for back to my high school days, man. And that's where we're going to have to leave it. We'll have to sing some karaoke maybe this weekend. But until then, we're out of time. Until next time. Bye. Bye. Bye.