The Bitcoin group, the American original, for over the last 10 seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest crypto currency talk. We'd like to welcome our panelists. Tom Vays from Liberty Life Trail. Jeffrey Jones from the Bitcoin News Show. And I'm Thomas. I run it through a little bit of a little glitch. Hey guys, come into your life from the new Columbia. And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one, Bitcoin sales above 16,000. The price of Bitcoin, which previously had fallen around to $12,000, has recovered to $16,000, even $17,000 at the print time of this show. Will it continue to rise? Will it continue to fall? Is there a major event that's causing the price of Bitcoin to rise? Tom Vays. There we go. All right. I'm going to say the charts for the end guys. So this is going to talk about price generally. I'm very bullish here. I'm very bullish for multiple reasons. And one of those reasons we're going to have probably several of those reasons we're going to talk about here on the show. One of them being the ship coins, guys. I mean, it's out of control. It's out of control. And a whale panda is speculating that a lot of institutions don't want to buy Bitcoin directly because it kind of raises the price of Bitcoin. So there are quasi pumping these old coins. And then exiting those old coins as I'm qualified traders and investors are rushing into those old coins, getting ready to be slaughtered. And that's how some people are entering Bitcoin. Now I don't know if that's sure or not. I mean, that's a very speculative idea. But I'm generally bullish here. Like again, to me, Bitcoin is not an bubble. I mean, look, it's at a 30-35% of total market cap. That's just ridiculous. I mean, if Bitcoin was at 90-95% total market cap, we can start talking about a bubble and Bitcoin. But absolutely not. Is there a bubble in all of crypto? I doubt it. I mean, I'm sitting at a coffee shop in a middle of Neree in Colombia with one of my friends. And like the only other table at the coffee shop, a couple of guys, and one of them was teaching the other one, how to buy Bitcoin from Coinbase for God's sakes. Like, it's just getting started. It's really crazy. And I do think we're going higher. Who would have thought we were so low a year ago? I'll talk charts later, but I think we can run this up to 25K and Bitcoin. And let's see what happens with old coins. If old coins rise along with Bitcoin, I mean, it's going to be scary, but then there's no bubble. If old coins take a huge hit, as Bitcoin runs up to 25, then maybe Bitcoin will dip right after. And Tether is still an issue. God knows what the total market cap of Tether is right now, but people said that since we did that video with me, Jimmy, and Bitfinex, Tether has gone up in value by 700 million Tether. It is getting a little bit out of control, but for now, everything says higher. Jeffrey Jones, do you agree? Will the Bitcoin price go higher? Will it go higher? Will the sun come up tomorrow, Thomas? And yes, the answer to that is definitely going to be yes. I mean, look, guys, there is a huge amount of development in work right now. We just had RSC launch on LiveNet. We just did live transactions of Lightning on LiveNet. There's so many people working on so many technologies in Bitcoin, and it's starting to finally come to fruition. Look, it takes, it's super difficult to develop actual decentralized software. This is what is happening with Bitcoin. They are actually developing real decentralized software and meant for the world, scalable to the planet. This is not the same as some of these other tokens with barely any users at all. That's important to keep in mind. A lot of that hard work is now finally coming to fruition, like, for example, with the Lightning network, where I definitely predicted by the end of this year, almost every single major crypto company will have that integrated into their technology stack, absolutely no doubt in my mind. But yeah, then we have all this craziness, like I just told mentioned to the single digit coins now taking up the entire top 10 market cap. I mean, it's a bit of a game, right? And how we're doing it right now, how we're measuring and seeing how we're measuring winners right now is simply by market cap. So what are you going to do? You're going to create a token with a billion-friaking tokens and sell it for a dollar. And there you go. 100 billion. 100 billion. 100 billion. 100 billion. 100 billion of tokens, people. I mean, come on. Look, I realized that some stocks have billions of shares and things like that. But this is just not the same people. This is ridiculous. These tokens are all centralized. And they're now taking up the top 10. So again, if that's the game, if market cap is the winner, how we measure the winners, then this is what they're doing. They're absolutely gaming the system. And that is definitely taking a whole lot of market cap away from other legitimate tokens. But again, this is temporary. This is not going to last forever. More and more technologies get developed. More and more utility will present itself. And people will flock to the best coin, the coin with the best developers, the biggest ecosystem. And that's going to be Bitcoin. Now, as Tom said, I'm extremely bullish as well. We did have a bit of a correction there as we needed a correction. Tom was looking for a correction since like five or six K. And so we finally got this huge correction. And then of course, B Cash and all these other single-digit tokens piled onto it. And that's fine. But that actually didn't even take Bitcoin out of its parabolic run, out of its parabolic channel. They couldn't even do that. If you zoom out a little bit on the log, we're really making it. You could see that we just took a tiny break here before we continue our march onto 100K and beyond. It's just funny because there's a lot of people I see on Twitter and another very social media that have a hard time understanding how Bitcoin can be so high priced and so valuable when these other tokens claim to do so many things better, right? And these other tokens have governance and privacy and on and on and on. But as we know, Bitcoin is the only decentralized blockchain at scale. And that's huge. That's saying something. And to keep something at scale like this, secure and optimized and continuously evolving, that takes a lot of work. And so that's what we're seeing. And so this is why we're seeing some of the value finally reflect in Bitcoin because it has been absolutely undervalued for so long. For years. It has been undervalued and now we're finally starting to see Bitcoin coming to some of the value that is actually worth. And on the on the on the tether thing, I mean, look, we have no other better way of putting fiat into crypto right now. This is what's going to work until the government or somebody comes down and shuts that down and then we'll figure out a different way. It's not going to stop Bitcoin. It may stop a few all coins, but Bitcoin will continue. It's prevailing because of the demand. There's just too much demand and the demand is not slowing down. It's going to increase exponentially. That demand will find a place that will make sure that fiat gets into Bitcoin somewhere somehow. And that's just that's just an inevitability and not going to stop. And other than that, absolutely bullish still looking for 25K here within the next few weeks. Yeah, hey, just want to jump back in here real quick. Somebody put this together. Me and me and Jimmy kind of mentioned it or I think mostly Jimmy mentioned it. And somebody went ahead and made this website. And it's pretty cool. I just got the link today. And what the person did was to do the total supply and then divided by the total Bitcoin supply and then multiplied it by the price of the coin to kind of normalize the price based on the total supply of the coin that is out there in the ecosystem. And then if we sort by price, you can see that the price of Bitcoin is pretty much the same as the price of Ripple when you actually normalize it. And then you go down to Ethereum and you go from there. Yeah, so Ripple has gotten completely out of control. And so Bitcoin isn't all that expensive, right? Like one should normalize for the price based on the amount of coins that are actually out there for that particular coin. And one more thing, I don't really maybe it's under the CME hashtag, CME futures. People are blaming Wall Street and the futures because the top of the, I guess I can't really search for it, but people keep saying how, well, the timing, the Bitcoin top, to place at the same time as the CME launch. And to me, that's a coincidence. And we're going to debunk this once Bitcoin goes to a new all-time hype, probably some time this month, maybe even a couple of days. Because the hype of people buying a Bitcoin because of the futures coming in was what drove the price up. It's not that Wall Street is driving the price down with its futures is that people got way too irrational and it was by the rumors sell the news event. Moving on to the exit question, given the continued rise of Bitcoin in price, how will this affect so-called competing projects such as B Cash, tone phase? Is competing projects like clarify? No, there are no competing projects to Bitcoin. I don't see it that way. To me, like, yeah, like some of these other coins may have one or two smart developers. I mean, B Cash has none of those, right? I mean, Monero has one or two guys, maybe Litecoin has one or two guys. That's all pretty much what you've credit for as far as any other coin goes. But B Cash is now an alternative. I mean, it gets bad, right? I mean, they're now taking control of the Bitcoin Twitter handle. So it's another thing that we now have to fight. They have Coinbase is against Bitcoin, BitPay and blockchain that info. And yeah, I'll just do one screen share real, real quick because someone just tweeted this at me. I'm pulling up the tweet now and I'll just do this screen share for one tweet. And the problem that the person that tweeted this at me says, Brian Armstrong actually liked this tweet. Bitcoin coin dominance, 33%. They basically have a token that is unusable. So why the hell is Coinbase still serving Bitcoin? Get the hell out. Get the hell out. Start only selling B Cash. Start only selling Ripple. Start selling BitConnect. I mean, just stop selling Bitcoin. Get the hell out. We don't need you. Leave. You don't like Bitcoin just leave. Jeff, really ridiculous. Yeah, I mean, look, they're now they're citing all this Bitcoin dominance and things like that. Like, oh, no, it's going lower. Bitcoin core. Everybody's leaving and running for the exits. And it's like, look, this is ridiculous. Please, people can be free. There's been so much information that's been put out about why market cap is a horrible, horrible way to judge a coin that you need to start listening. I mean, there's the information is out there. Ripple can print billions and billions of tokens at will. And you want to compare that with the Bitcoin market cap when it takes huge amounts of energy to mine Bitcoin. You are comparing that directly with Ripple. That is ridiculous. Okay. That is absolutely ridiculous to compare that type of thing. And to even call Ripple a blockchain in the first place is ridiculous. But you were comparing market cap with Ripple and Bitcoin is so, so beyond insane insanity that I don't understand it. We need to come up with much better ways of valuing these cryptocurrencies. And the market cap is being completely game at this point and now being taken advantage of by Bitcoin haters as pointing at as a reason why everybody's leaving core. Meanwhile, transactions go up. Price goes up. Segwit adoption is up. A bunch of new companies have adopted Segwit. We'll be talking about that. You know, this lightning has had successful main net transactions. This stuff is happening. And you know, whether you guys like it or not, maybe because you sold your Bitcoin, I don't know the reason why you hate Bitcoin so much. But this is happening and there's nothing you can do about it. And this will be extremely successful. Yeah. And some of the tweets that are coming out now are absolutely amazing. I'm sure you saw this guy. This one guy is right. I mean, this actually cracked me up as well. And there was one more about what would happen if like here. This has 5,000 likes and like 2.5,000 retweets. XRP explained for Bitcoiners. Imagine if Satoshi pre-mined all 21 million Bitcoins, kept 13 million for himself and then allowed himself and a few friends validate transactions. That pretty much is what Ripple is. All right. You guys are getting ahead of ourselves here. But we're moving on to issue two. Ripple. The price of Ripple recently rose incredibly from 25 cents to almost $3, making the CEO of Ripple briefly richer than Mark Zuckerberg, the CEO of Facebook. Ripple was risen based upon the rumors that would be added to Coinbase after Coinbase added BCH suddenly and with surprise. Insider trading rumors had said that Coinbase had discussed adding Ripple at their Christmas party and all the employees seemed to know what was going on. And now Ripple is claiming that the big three money transfer firms will use Ripple in 2018. Remember, 60 million Ripple have been locked up by the company and it is, as you guys said, doesn't have a blockchain. Is all pre-mined? Is all owned by the company with some even saying that you don't need XRP to use Ripple. Every Jones is Ripple a major competitor to Bitcoin. Should people be investing in Ripple instead of Bitcoin? Yeah, I guess we did get a little bit ahead of ourselves there, I mean, tone. But look, this is what's just going around. Ripple is all over the news with their rise. I had people contacting me that I haven't spoke to in years asking me if they should buy Ripple. That's when you know that they're doing this. You sure they didn't mean the wine, right? There's no confusion. Ripple, the low class, poor wine in a bottle. That's a change. Unfortunately, no. They definitely were talking about the token. And again, people coming out of the woodwork to buy this kind of stuff. Nobody is understanding what they're buying here in the crypto. Let's be honest, the vast majority, the 80% plus have no idea what they're buying. It is really the 20% that kind of keep up the hotlers. They keep up the Bitcoin price, they keep buying, the people who actually understand the fundamentals. But with Ripple, it's just completely irrational exuberance. Nobody has any idea what's going on. Because if they did, they would know that nobody is using Ripple. And I mean, nobody is using it for marketing, for transactions, for e-commerce, for nothing, nothing other than speculation on a few different exchanges. And with the rumor passing, that Coinbase is not going to add Ripple and that no banks are actually using it. The price is starting to come down a bit. And really, it should go back down to reality, which is pennies. If that, fractions of a penny is more about what XRP is worth. Because it is just a database. It's absolutely just a database. You can get much better results from a database. I don't know of any bank ever that would want to take on this system and still use the XRP token. Why would banks do this? They already print dollars. They already create dollars for loans. They have absolutely no use for this at all. At the end of the day, Swift is a database. If they wanted to speed that up, they could. They don't really need to take quite as long as they do. They could upgrade that a little bit further as they actually have been doing, for example, PayPal. Now, with crypto currency being so huge, PayPal has increased their speed of transactions from getting deposits from your PayPal account to your bank. They've increased that substantially. I mean, that's like almost, that's the same day now, no matter what you do. So, the industry will respond, but Ripple is just going nowhere fast. There's nobody that's going to adopt it. There's nobody that wants to adopt it. No banks are going to use this. And I heard some people on Twitter saying that there's all this money. Some of it's got to be used for actual transactions. Really show me. Show me what website is accepting Ripple to buy a product because there is none. Show me which bank is actually using Ripple software and XRP tokens. There is none. It's 100% pure speculation. So, as the world figures this out, Ripple won't be the last. Remember, we had Ethereum rise, then we had B cash rise, now Ripple rise. There's going to be another one. There's going to be another flavor of the week that people are going to buy with a rational exuberance. And that's fine. Look, more power to you guys if you want to gamble, go ahead. And that's fine. But meanwhile, don't forget about the fact or don't mistake the fact or don't misconstrue the fact that Bitcoin is the world's store of value. Is the store of value for all of crypto. It's what backs up all of crypto. So, when you see these crazy market caps of Ripple even going higher than Bitcoin, start to think about that for a second. It costs thousands of dollars to mine Bitcoin. It costs nothing to print Ripple. Where's the value? So, just start investigating this a little bit for yourself to your own due diligence. And you'll find out that Ripple has a lot of empty promises. Excellent point, Jeff. I do agree if the banks or even a government were going to make their own coin, why would they use someone else's coin? You can't just print them all. Look at the crypto Ripple. Look at the Emirates coin out of Dubai. The goal is print all the coins so you own them, then sell them. Maybe if Ripple was a group like Hulu for the entertainment industry, a group of banks working together who had all invested into Ripple, that would make more sense. But from what I'm seeing, I agree with you. There's no reason that the banks would use them. But yet, that's their use case. Tone vague. Sorry, just one final point. The final point is that remember people, Ripple, like every other centralized coin, can be shut down tomorrow. As Tone would say, there's no difference. Probably between this and Egold. They can absolutely be shut down at any time. Sorry, go ahead Tone. That's a good point. It's also worth noting that the CEO of Bitcoin, Satoshi Nakamoto, is also richer than Mark Zuckerberg. But we can't find him to shut him down. Tone vase. Your thoughts on Ripple? Yeah, there's also a very small chance that if Satoshi is still alive, he would ever use those Bitcoin to exit the system. I can't see that happening. Well, and people were talking on crypto Twitter. Do you think it's possible that the CEO of Ripple would ever sell his Ripple? That's a good question, right? I mean, he's going to have to exit it somehow. We did see the CEO of Intel sell his stock recently. Perhaps a fire sell. I mean, the big question now, that's the thing, right? It's like a tether. Nobody cares when you're $10 million. When you're billions of dollars, people start to care. So the big question is going to be, is or isn't Ripple a security? And what happens if the SEC decides that Ripple is a security, right? I mean, granted. They paid their fine. They got their get out of jail free card. What about that? That wasn't a security. That was selling tokens to a US felon, Roger Vier, without proper disclaimers, right? I think that was the thing. I think you're right. They gave Roger some handshake tokens or something. Right. What a surprise. Roger has his hands in Ripple, another something that they want to use to destroy Bitcoin. But they won't. Yeah, so it's going to be interesting, right? I mean, now the regulators in the Starlichian like, hey, this guy is now, again, I'm hearing about a Ian, right? Pablo Escobar was once the sixth richest person in the world, right? So when you start reaching these levels, you start to get on other people's radars. And let's see how they handle it. I mean, I think they got Bernanke on his side. It's so funny how everyone is like, but Ripple has Bernanke. Oh, yeah. So all of you guys that came into Bitcoin really love Bernanke back then, right? Like all of a sudden they love Bernanke now. Now that he's with us, we're crypto. Remember what all of you guys said about Ben Lorsky? Guess we're Ben Lorsky, he's now. He's working with Ripple, right? Again, all these guys that all of these crypto people just used to hate with the passion are now supporting because they're helping them pump their, you know, old coin of choice. There's absolutely no integrity. Everyone's just trying to pump it up. Ripple is silly. I tried to explain it on Twitter because like when you talk, oh, by the way, and on Jeffrey. So when people are asking about Ripple, it's easy for me because in my case, I just sent them directly to my video, you know, episode six of CryptoScan. There it is, right? I did it a year ago. You know, it hasn't been referenced all that much. It really should. Everything continued. I continued to tweet that out. It continues to hold true today as it did back then. And this was my explanation for it where on Twitter, I just said, Ripple is not competition to Bitcoin. And I said, like, I basically built my reputation on like trusted integrity. And no, like I don't hate Ripple because I'm kind of, you know, because I'm, I missed a boat and I didn't make my, you know, tens of millions of dollars on Ripple, which I could have. I mean, I was around when Ripple was coming out. I was like 2012, 2013. I could have bought Ripple at fractions of a penny. But I knew it was nonsense back then. So why do I care, right? I'm a, I know why I'm a, why I know why I'm in crypto. And I know where my money is and I know why it's there. I'm not going to try and time this bubble, Ripple because it's a useless token. Nobody needs it. And they didn't even know what it is, right? Because they created it just because they could, like all these other ICOs. And then they were like, oh, Ripple is just, it's a fee. Ripple itself is a fee to prevent spam between banks. And then they're like, and now I don't want to say, oh, look how cheap the fee is to send Ripple around. No, no, Ripple was going to be the fee, right? And it's like, they did changing like the goalpost of what Ripple is. And just to come up with more bullshit as the why everyone else should buy it. And it even says that even when their own language, they tell you in their privacy in terms of conditions that this is not a currency. This is not redeemable for anything at all. So, so why, and then why did they float it? Why didn't they just set it to, you know, why didn't they just internally set it to a, to an actual pegged value? They're in control of the token. They can peg it. I mean, the only reason to put it up for open trading by, by underage people or anyone in the world is basically you just want to make money by selling a token you pre-mind. But you didn't even pre-mind, just created it. There's no mining. Moving on to the exit question, get out your crystal balls. What coin or coin concept will pump next? Will the pump be deserved or will it be like Ripple? Jeffrey Jones. You know, it's important to remember that these things are cyclical. Bitcoin goes up, I'll just go down, then Bitcoin corrects, I'll just go up. It's going to continue like that for a while because there's just so many people that don't understand. It's going to take years before this, before people start, you know, understanding Bitcoin, like they understand the internet and how they understand scams, they understand to not click on pop-ups, they understand to not download attachments, these types of things. And that took years for people to really learn. And so it's going to take years again, there's going to be another security curve, this is another learning curve. It's going to take years. And until then coins like Ripple will pump when people see them that they're only a dollar and that they can buy them, it's just super simple without having to do anything with Wall Street at all, you just go to coin base or whatever exchange, you just add your Bitcoin. So it's going to be a while, there's going to be a lot more coins that are going to pump. I foresee that these single digit coins are going to take the top 10 for a little while here for definitely the near term. Because again, people are just going to buy that up so crazy, they're going to buy that up there and look at Bitcoin, see $17,000 and look at Ripple and see a dollar. And remember, this huge amount of unit bias is being recognized by various members of the community like Jimmy Song who's been pushing to use bits and things like that. And I implore everybody who agrees with that, two message coin market cap on Twitter and message and look, we need to start showing Bitcoin in bits and not $17,000 as a whole coin. Because you can in fact buy fractions of the coin. And so it's just completely misleading to new investors and things like that. And maybe that will be a partial fix. But at the end of the day, it's going to take a while for people to learn and understand the stuff. And until then only the smart and intelligent people will be buying Bitcoin who understand the actual fundamentals and all the other 80% of people are going to be buying Ripple. Tony Bees. All right, well, let's just take a look. Can you guys see my full screen? Because it's kind of on landscape, not landscapes, I don't know, portrait. You can see it's a little small, but we can see it. I mean, that's the, that seems to be the magic formula, right? I mean, look at, look at that seven day percent gain, right? And it's all of the coins that were worth at least $1,000 on money. I mean, look at Tron, right? I guess it already pumped, but it's still at 20 cents, right? So that's probably the next one to pump. My guess is, I mean, that's the pattern, right? NEM has already pumped. NEM is just useless. I even the guy that created NEM, like left it because he knew it was garbage. Tony, I got interrupted on the NEM thing because man, I talked to some NEM people as well. I tried to ask them like about fundamentals, whether buying it, and the only thing they could tell me is that it rose in price. That was it. I don't know anything. I mean, look again, like I remember, what was the hell's his name? Nakomo or something like that? When he was writing the PhD, his PhD paper was NEM. And then he launched it as part of his PhD. And the entire year he was like writing and building NEM. We were telling him how dumb his PhD was. And then he launches NEM and then it doesn't do anything. And then he walks away and then like a year later, somebody says, hey, I can pump this shit. And they take over the coin. Tron is up there because it was cheap. Stellar is already bummed. Look, 100% gain there. EOS has already pumped. It's already $10. I mean, once you're about $10, put a fork in you at this point. You know, everyone is going after those penny coins. We got our door at about $1.56. That's ready for a pump. I mean, that's kind of what it is. You got to look for, you got to go real far down to look for those pennies, man. Well, let's find something really interesting. It's just nonsense, right? And civics at $1. Like any of this stuff can pump. And the thing is, all of these are comms. They're comms. There's nothing there. They're comms of 1999. That's it. There's just one. There's just one thing that's useful. That's it. And yeah, it would be interesting. You're thought, even if only coin market cap just goes to bits, it would be very, very interesting. How things look, by the way, that's a good point. We don't need like developers pushing it in the code, just even something like a coin market, coin market cap display going to bits could actually change the whole narrative. All right. Just like to ask everyone to give us a thumbs up and a share so that more people can find the show. Moving on to issue three, VISA. VISA locks down Bitcoin payment cards and crackdown on card issuer. Waves crest, a company that issued most of the Bitcoin debit cards currently and used has been shut down. VISA accuses Waves crest, a Gibraltar based company of selling the cards to people in other countries outside of the United States, as well as perhaps other violations. Ton Ves is VISA shutting down Bitcoin payment cards, a major threat to Bitcoin? Will this affect the Bitcoin industry negatively? I don't really think so. I mean, it's convenient. Again, I'm hanging out with some people that aren't through our citizens and they have these VISA Bitcoin debit cards. And it's pretty convenient, but it's only convenient if like your life is Bitcoin. And for someone like me, my life is pretty much Bitcoin, but I would still be hesitant to use it because a lot of these things are connected to Coinbase. They're not prepaid cards. They're still connected to your identity. And I'm still nervous about using Bitcoin with my identity because I flag myself as a Bitcoin user. I still cross the airports and I don't flag because I don't use Bitcoin. I still use Fiat for everything. But I hold on to my Bitcoin for now because I don't know which way the laws are going to go. And I don't know which way the US is going to lean. So I don't think this is it. I mean, people are going to start using Bitcoin and that's the thing. Like, we're waiting for lightning. We're all waiting for lightning. One of the problems right now is Bitcoin is too popular too early. And that's why either spam and be there is a lot of people using transactions. I mean, it sucks. I use Bitcoin like three or four times a day. And the fees do suck, but I'm willing to bear with the fees because I know that I'm leading us into the next story, I guess. But a lot of this stuff is way ahead of its time. We'll get there. We'll get there. Everybody will be using it. It'll be very free. It'll be very fast. We'll get there. But getting there tomorrow can endanger the whole freaking venture. Jeffrey Jones, is this a major problem for Bitcoin? So I think it's a problem, a temporary problem for Bitcoin. Some Bitcoin users, right? But it's not a problem for Bitcoin. Bitcoin doesn't care. Bitcoin will continue its march onward. Because remember, there is demand. There is huge demand for Bitcoin. So if this company, this wavecress company, getting shut down by Visa, there will be competition eventually. If they don't do something about this, because there's just too much demand, as the price will continue to rise in Bitcoin, so will the demand. And somebody somewhere is going to serve that audience. Somebody somewhere is going to make huge amounts of money off of the ignorance of people of wavecress and these types of companies like Visa. Because there is just huge amounts of people that would like to use this stuff. And again, it's very early days as Tone just mentioned. I like to say that a lot. It is still early days. So something like this definitely can't affect Bitcoin this early. But in addition to this, now BitPay is doing something with their Bit70. And just having this additional network feed that's just doubling everybody's fees. And now they're actually pushing the mining fees onto the regular customers. So if you have BitPay as a merchant, all your customers are now double paying for everything. That you off of your company, your website. So it's just, it's really bad right now. It was pretty smooth sailing there for Bitcoin debit cards for a little while there. Now we have a hiccup. This hiccup will get dealt with. Again, the demand is there. Somebody's going to figure it out. And eventually we won't have these issues. Now, Tone has every right to be, you know, afraid, continue to be afraid of using Bitcoin in the US. I mean, if there's ever a country where you're going to be under threat for using Bitcoin, it's going to be the US, the financial capital of the world. So you still can have every right to be skeptical, skeptical and not use Bitcoin debit cards and things like that to tie your identity to Bitcoin. But again, I believe this will all be worked out. It's only going to take a couple banks. Remember, there's so much demand that all it's going to take is one or two banks flipping over to the other side, saying, you know what, guys, you have, you have all the fun over here with your KYC. We're going to serve this huge audience over here. And it's going to blow up. The amount of people that they will service is just going to be huge orders of magnitude bigger than what the other guys is coming. And it will eventually just, like a black hole, suck all the other banks in. It's like Andreas used to say with that herd mentality, you know, it's only going to take a couple to break off the herd. And then everybody else is going to join because the demand is there. So it's still a little bit early days right now, but it's coming. And I feel, I really feel, you know, empathy for these people who had this amazing convenience and now has to be kind of set back a bit. But again, it is early days. We're going to get this figured out. And there's a lot of smart people in this community. And so I'm looking forward to see what kind of solutions we're going to come up with. Exit question. Have we seen the last of this idea? Or will there be more Bitcoin debit cards in the future? Some even saying that one of these companies should form or buy a bank. Then use the bank to issue the Bitcoin debit or Visa cards. Tone Vays. Yeah, definitely one way. That's not going to work. I mean, the moment you buy a bank, then you're under regulation as the other banks. And then the regular equals to what you better do this, you go to prison. Why the hell did you buy this thing? That's going to help at all. Yeah, the solution's going to have to come from outside, I think. But yeah, outside this is. Yeah, no. I look more and more companies, you can accept Bitcoin directly. I mean, who are you going to accept them with now? Like Coinbase, BitPay, there are a problem. Like I'm happy that these things don't work. First of all, the less Bitcoin you're able to spend, the more you huddle it and the better it is for the price. Also, most of these, so I really don't mind this at all. And again, leading us into the next two. Everyone's going to keep trying. Right? I mean, really, you can go at fees. So why not? Like if you can convince fees that the one I'm sticking logo on, you think. I mean, is it really that hard to develop, to print out a debit card? You've got to get visas, okay, to stick a visa logo on it, and have it compatible with a point of sale systems. Like it's like everybody had this idea. Like I remember like that in 2013, it's like every third company was who was trying to do a debit card. They're going to keep trying. We haven't heard the last of this. Jeffrey Jones. Yep, yeah, they're just, I'm with Tony. They're going to keep trying. The demand is there. Somebody's going to keep trying because somebody's going to see dollar signs. I mean, they can't be, they can't be that much demand because the your only users are Bitcoiners with a lot of Bitcoin. And what did you try to do with that Bitcoin? You're trying to conform to the traditional banking system. That's not thinking out of the box. Look, Tony, there's people that have Bitcoin that are just trying to live, man. Most of the people that I've seen with Bitcoin, debit cards, use it for regular everyday stuff, right? Groceries that I've asked you. I agree with you, but these people are still few and far between, right? And I don't know, I agree that it's early days tone. But the demand is accelerating and exponential rates with the price. I know, but the business model is conforming Bitcoin through the traditional banking system, right? I mean, the point is, is to wait for lightning and then, you know, try to get lightning channels added into the POS systems themselves. And then screw the debit card, let people pay directly. Absolutely. And that's that would be an amazing end goal, but that takes time, Tony. And for now, you know, we're going to have to still use the debit card system. But yeah, I agree. Yeah, I agree with Tony. This is a product mainly for Bitcoin early adopters. It sounds like a really neat product. But when you actually think about the realities of spending Bitcoin every time you swipe the card, it's terrifying. Why not just charge it and pay it off later when Bitcoin is worth more? Moving on to issue four, SegWid adoption. Bitcoin fees have halved since their defend December peak. As we see more and more companies, not Coinbase, accepting SegWid. LocalBitcoins.com and BTC.com have added SegWid support to their wallets. BTC.com, even adding it to their mining posts and pools, saying that you will experience a drop-in transaction fees and faster transaction times when you want to send Bitcoin. Tony, Vaze, is this it? Are we going to see SegWid adoption in 2018? Are the Bitcoin fee troubles over? I think we will. It'll probably be closer into the summer. I think it'll take about six months. I think there is enough pressure building where people are really starting to harass some of these companies to add SegWid. And I got my first native SegWid transaction the other day actually. Like, I still don't have, because there's different types of SegWid. There is the wallets to start with at three. And then there is the wallets to start with BTC. And I got my first transaction from a native SegWid back to 2002. Most of the, like my wallet didn't even recognize it. Well, I got the transaction. And it's a SegWid wallet, but it's had null, it's percent from null. And I got the transaction. I'm like, what the hell is that? I mean, I got the Bitcoin in my wallet, but it couldn't tell me where was coming from, because it didn't recognize the Bitcoin address. And then I looked at some of the block explorers, and they couldn't read it either. Like, they're recognizing the fact that I have the Bitcoin, but they're not able to identify the native SegWid address. So there's, and I can't possibly think that this is difficult development work here. And this has been around for like a year now. Like, all of these guys should have been ready. It's like, how delusional were you people thinking that SegWid wasn't going to get in? I mean, we all knew that SegWid was getting in on this channel. And, but yeah, there's still some development work to be done. Again, it's mostly three companies holding us up. Bit pay, Coinbase, and blockchain that info. If those three companies convert to native SegWid, the fee problem just almost instantaneously goes away. People still make fun of me and the bait will run your veer a year ago, where I said that SegWid will solve 95% of the fees and the full blocks. And people are making fun of me that it hasn't. And I'm like, well, have you considered that maybe SegWid isn't 95% adopted yet, which is what you kind of need to solve the 95% of the problem? If SegWid is only being adopted right now at 10%, then we've only solved 10% of the problem, not 95% of the problem. So if people just need to think, just do it. Just at least get regular SegWid. I'm going to start, I guess I have to look into Electrum. It was like Electrum was leading the charge on native SegWid, hopefully Green Address and Samurai will do it soon. I agree, Ton, it's about these companies. And it's not only that it doesn't take a lot of developer resources and that they should be prepared, it's also that they need to be ahead of the curve. I'm embarrassed for them as technology companies, because they're not ahead of the curve. Coinbase should already be releasing a beta version of their lightning wallet. They should already have SegWid on their servers. They all talk about how their users need cheap transactions and they care about their users and changing their fee structure from paying for the fees to passing the fees onto the users. These are all reasons to adopt SegWid, not reasons to sit on their hands. And the thing is, if they only were supporting core developers instead of, you know, going after them, they would be helping you right now. You can just call them and ask them to help you, you know, get this in there. They would have been more than happy to do it, but instead you go in the other direction, trying to hard fork and now you're just trying to destroy Bitcoin. And you're not going to succeed. I mean, again, this is how Facebook takes over my space. Someone will take you down Coinbase. Well, I hope it's going to go in. I like the guys that will go in. Jeffrey Jones, your thoughts on segregated witness adoption. Yeah, I mean, a lot of good points have already been made. Look, James and Lop posts all sorts of statistics about the Bitcoin blockchain, various analytics and things like that. And he certainly posts percentages that people have been saving on SegWid. And you know, you can look and see, I mean, there's huge amounts of percentage. Millions to the tune of millions and millions and millions of dollars are being saved by those who adopt SegWid, including James and Lop's company, Bitcoin. They adopted it. They integrated that pretty quickly. Of course, James and Lop is a pretty smart guy. That's probably why they were able to integrate it so quickly. But really, it doesn't take a whole lot of work. It does take a little bit. It absolutely does. You have to dedicate a developer to this. But there's no reason why this should take longer than a couple of weeks. There are a bunch of small companies that have already integrated SegWid into there. And remember, these companies like Coinbase and BitPay, the ones that were pushing SegWid to X down our throat last year, who eventually gave up on it, they were, what were they going to do with SegWid to X actually got adopted? What were they going to do then? Were they going to put developers on there? I mean, they advocated so hard for SegWid to X. And now we got SegWid and they're not adopting it. Right? So we don't understand that it's a political battle here. Companies like Coinbase are not activating SegWid at this point. Purely for political reasons. It's not technical, unless they have no idea what they're talking about, which is probably what it was. But I think that this is going to be a hurdle and we're going to get over this. There's going to be more and more companies as we just mentioned that we'll continue to adopt SegWid because the savings is just undeniable. And the improvements are undeniable. You know, that transaction-mallability bug, that's a huge thing. And the ability to now with SegWid being able to softwork almost any feature we can think of people. Like, you know, snore signatures, even maybe confidential transactions, almost anything we can think of, we can softwork in now because of SegWid. So huge, huge improvements are on the way. And even we didn't mention this, but even WireX app. You know, unfortunately they had their debit card shut down by WaveCress. But they did adopt SegWid. They just, I believe they announced it today or yesterday, they just got done implementing SegWid into their technology stack. So this is coming. It's going to be there. People can look at the SegWid.party website and say, oh, no, it's still at 10 and 12%. But look, there's more and more companies adopting this. That's going to go up. And when it goes up, it's going to go up fast. Right? It's not going to be probably this little little, no, it's going to go up as more of these companies start adopting it. And at this point, I just love the point you guys made about hiring open source devs. So many companies like Coinbase and BitPay have not one single contribution, not one single git commit in Bitcoin as an open source project. Yet they make all of these millions and millions of dollars off of it. It's like, hire a freaking open source developer, people, you need to do this. It would have saved you so much time, so much trouble. That's a good point because look, everyone likes to go after block screen because like three Bitcoin developers are getting paid by a company that has some funding from a financial company. Meanwhile, all these people seem to love Ripple. But look, there's like hundreds of Bitcoin core developers with contributions that will come highly recommended that volunteer and don't get paid. They'll be more than happy to take kind of job with you Coinbase to help you get Segwood in there. I don't know, it will look really good for their resonate to code shit in the future. It would look absolutely amazing if Coinbase integrated Segway Q1. I mean, it would just be amazing for their company. It would be amazing for BitPay. These companies are going to save themselves millions of dollars. And in addition, they're going to get so much positive PR, huge amounts of positive PR when they inevitably switch over to Segwood because this is what the world, this is what the community, this is what the developers, this is what the users have decided they want. We want this decentralized token. All the people who want just another PayPal 2.0 have now gone to the B Cash cap. They can have their PayPal 2.0 and their payments. Bitcoin will for now be the store of value, but I always have to emphasize this. Bitcoin will be payments, as well, there is a payment network attached people. There is a payment network attached to this decentralized open borderless global network that is Bitcoin. People are like, oh, you're still believing vortex that you can send transactions over Bitcoin. Yeah, you can. I just got a few tips from my website at theonevortex.com that I just launched. A couple of my set me tips. You can still send payments. And Tone sets a few payments per day. So this is still here, but we want to keep this decentralized. And that's what lightning is for. Go ahead, Tone. Yeah, I mean, it's a little hard for tips, but I mean, but it works. I'm just still there. I mean, I'm two people away from selling out my seminar in Singapore. You know, there you go. I mean, one of the traditional pages. Yeah. I mean, look, just start selling products that people want. Start selling products that are more expensive. You know, maybe it wasn't a good idea to sell stickers for Bitcoin on your Bitcoin.com website. You know, maybe not to not the best use of the blockchain right now. Okay. Maybe you should maybe you should stick to some a little more important for the use of Bitcoin. Like something that's actually censorship resistant. Well, what can I tell you? Also, I'd like to go back to Jeff's point about Bitcoin. Bitcoin Go was a house divided. Their CEO didn't want segwit. Their COO did. There was a disagreement but not among the CTO. But there's a disagreement above the top grass. And they had it in public too. They fought in public yet. When it came time to install and upgrade their technology, they were ready. You have to be ready for this on both sides. You can't just, you know, debate it and then lose and cry and go home and play with your crypto kitties and develop your toshi apps and whatever else Coinbase is doing as they continue to chase these altcoin profits. You have to support the one who brought you. You have to support the Bitcoin. Don't more say? No, no, that was a good point. Yeah. I mean, again, Charlie Lee was the CTO of Coinbase. Again, probably not that. Look, I like Charlie and everything. But the guy created Litecoin. I mean, shoot. You have a hundred Bitcoin core debts to choose from to be your CTO and you want with the Lightning guy, Litecoin guy. Come on. It's just, it's just, I don't know what, I don't understand how Coinbase has all this money to run their business. Like, I don't understand how they haven't been hacked yet. Well, it's amazing to me. Like, I've been saying. Well, we don't know that they haven't been hacked. There is that rumor going around that they have a large amount of money in small UTXOs. That they can't reach. They might have hacked themselves. That's a bad management. We don't know. Right. They've been developing a lot. Like, I've been saying for a long time. If there's like five ways to do something and three of those ways are terrible, Coinbase will find a sixth way that's significantly worse than all of them combined. And that's the direction they're going to go. That's been like their model from day one. And I think this blends well into the exit question. Exit question Coinbase, the 500 pound gorilla in the room, who previously on Twitter when asked when Seguit answered in 2018, will Coinbase deliver Seguit in quarter one, two, three, or four of 2018? Will they do it with any warning or notice? Or will they do it suddenly? And will it be successful? Toned vase. Quarter four and a third. Like, it'll be like December of quarter four. And they'll find a way to botch it up. I know they will. It'll be, they'll find a way to botch it. Quarter four, that's just mean. Jeffrey Jones. No, I really think that they are going to get, you know, they're crap together eventually. They have a lot of money. It's just all they really need to do is just get rid of Brian Armstrong, to be honest. If they got rid of Brian Armstrong and got a CEO and they're like, Pierre Vichard, they could absolutely turn around that place pretty quickly, much quicker than I think anybody could anticipate. But yeah, in my opinion, I think they're still going to get segue out there again. As you said, Thomas, the demand is growing. They're the pressure. They're there's pressure building in the community and amongst all sorts of people from anything from VCs to developers to traders. It's all bubbling up and they're going to have to make a decision. So I definitely think it's going to be this year. It could be pretty early. But as Ton says, I guarantee you, they're going to mess that up somehow. They're going to launch SegWit and then like you send in their coin to their first SegWit address, that first time you say that it's going to be messed up. Like it's going to make it, they're going to do something to where you completely lose coin. Like it's just the way coin is operating. I think that's it. You know, I want to recommend a whale panda for the job. Whale panda? Or Pierre Vichard? I'm sure anyone on Twitter is fully qualified to be the CEO of Coinbase at this point. Isn't that how they found Brian? I thought he just followed me on Twitter. Yeah, no, I was going to say like, look, they'll implement SegWit when everyone else is implementing Lightning and then they're going to be having this discussion throughout the entire 2019, when the hell is Coinbase going to add a Lightning channel? And that's the difference between a technology company and whatever Coinbase is. You have to be proactive. You can't just be reactive. Moving on to the bonus issues. You're so lucky today. We're doing bonus issues. Issue five. Will China ban Bitcoin mining? The rumors have been circulating. China's upset about the way their energy is being used. And they even believe that Bitcoin mining and its extreme use of electricity may be damaging their electricity grid or siphoning power from other presumably better for the state uses. A puzzling report has now been released on Twitter saying that Chinese Bitcoin miners should be quitting gradually from mining Bitcoin and potentially a total ban on Bitcoin mining in China. Tones, your thoughts on China's latest actions. Are they real? You know, when it comes to these rumors, like where they're smoke, especially with China, there's usually been fire, right? Now the fire has usually been a lot smaller than the smoke anticipated. But it's always, all of these rumors did come true just not and it just wasn't as bad as the rumor was. It happened with the Chinese volume. I then had happened with the ICOs and now with the Chinese exchanges. And I think it's going to happen with mining. Like, I don't think it's going to be a total outright ban. I just think they'll probably limit them. They'll probably say, hey, you can use such and such electricity. They might raise the price of electricity. They might pass these miners. They might also be looking into the Chinese using mining as a way to avoid capital controls. They might start putting limits on that. And this is interesting because I just got my hands. I don't know if you were going to share it or not Thomas, but I'll share it from my end. I wonder, do I still have the image up? Yes, I have the image up. Let me do a screen share. And this is what I found interesting. Oh, there you go. You got it up. I don't know how true this is, but it's got today's data on it. That bit main is urgently trying to get an order of the 12 unanimated chips so that they can build their miners. And if this is an urgent order, it may, if you link the two together, maybe bit main knows when this is going to break. They're trying to just build a bunch of miners that they can and sell them. And then once they sell these miners out, it's no longer their problem. And if the band comes, people will just have to move these miners out of the country. So it will be an interesting development. This is why I was never worried about the mining centralization in China. It was either sooner or later either the government was going to crack down or they were going to do something stupid like Jihad accepting only B cash for the miners. I mean, they're going to blow themselves up. The government is going to comment, say, hey, you can't just use all of the government's electricity for this. And people are going to start buying competitors. Again, I run a Canon miner at home. Canon is Avalon. They make Avalon miners. And I'm already on their list to get their latest miner. Once it's out, they're going to be releasing a new sets of miners throughout 2018. I already asked them to be on the list. I'm going to buy those. And I'm just going to run one miner. Maybe I'll donate my other miner. I just don't want to ship it anywhere. So we'll see how that's going to go. I have to donate it to someone within the driving vicinity of needing it. Come and pick it up. Because I want people to run a miner at home. Look, think of it as paying for internet. Like, I don't really pay for internet at home. I have a way around it. But not all of the people pay for internet at home, even if they travel all year around. But yeah, look, like you pay for a gym membership, you barely go. I mean, you're going to go in January, but that's about it. And look, just buy one miner. Like, it's not going to be that much of an electricity bill, but you'll be supporting the network. And that's the future that I see. I see people that are invested in Bitcoin, that have their savings and Bitcoin. Just help the network run one miner. Even if that miner is two years old, my miner has been running for six months. It's still making me some money. Just leave it there running. Like running a node. You want a node to support to validate your transactions. You want a miner to help decentralize the network. And I think that's what's going to happen in the future. Jeffrey Jones is the Chinese government our friend. Are they making Bitcoin mining decentralized? Like, we've always wanted. I think everybody understands at this point that China is a very authoritative regime over there. They want to control. They want to have their hands over everything. That's not going to change anytime soon. So anybody who thought that Bitcoin could blow up and succeed in China without some type of intervention is deluding themselves. That's just how China is. And so, like tone, I'm still pretty bullish, though, actually, on Bitcoin mining in China. Because I just don't see them throwing away this golden goose. Because remember, their electricity grid is not like the US. It's not even a grid. They have all this electricity in various parts of China and rural China. And they're going to need a way to monetize that. And that will be Bitcoin. It started out as Bitcoin a little bit more as a little bit, you know, miner. But once the government really figures it out, I'm my opinion. I think they're just going to ramp that up to the next level. Now, of course, it'll all be government run and state run. And you know, it's not going to be the democratic. You told me that everybody wants to have, right? China will not let this go. They're going to want to compete as many other countries will want to compete. This is the internet of money. This is the new age. This is the information age. And in the information age, digital money is going to be everything. So, they're going to want to play along. And remember, millions of dollars kind of, I was already started to leave China in mining equipment. There's, I've heard reports and rumors. I've heard, I have a couple, I know a couple people in China that have been on my show before. And they tell me too that a lot of people are packing up shop. And leaving China going to other countries, going to, you know, with the grass as greener. They're going to go to Canada. They're going to go to a place where they can get cheap electricity and really get the best, most efficient mining temperatures out of that. So, you know, they're going to go in a cold places. And there's, for example, who was it? Forget who, Bitfury maybe, who just launched or announced a launch a huge new mining operation in North America and Canada. So, you know, there's, and plus, of course, we got Halon mining. So, you know, this is going to be a hugely competitive space. Continue to be a hugely competitive space. It's important to note that we went up huge orders of magnitude in difficulty last year. We started out the year very low. And man, we just went up with the price in difficulty. So, Bitcoin is more secure than ever. There's more competition than ever. The price is up. So, there's going to be more competition and more people come in, which is going to drive the price up more. And this is the network effects that drive these, that drive these loops. And I really like Tom's example about how, you know, for example, if Netflix wanted to invest in Bitcoin, right, maybe an idea they would do is go into Africa and start selling, you know, movies there for Bitcoin. And if they did that and made huge amounts of money, well, then don't you think that they'll want to invest a little bit back into Bitcoin? By, for example, maybe investing in some miners or some nodes and things like that, that's how it's going to play out. These people will, these companies and these people will get invested in Bitcoin. And they, and everybody's best interests will be, will be completely aligned with what Bitcoin's best interests are. And that's kind of, you know, that's, that's what the game theory, that's the end goal of the game theory in Bitcoin is to, to make sure that this adversarial type of thinking is efficient enough to make everybody play by the rules. And so far, it's been working and we, we, there's pockets of centralization, of course, but so far it's working and it's only getting better every day. I think the key word here, and Jeff mentioned it early in his response is control. The Chinese government wants control. They're a little bit capitalist, they're a little bit communist, but they're 100% control. They might not be able to control everything. China is a big country. A lot of things happen without them knowing about it, but eventually they come around. Now, maybe they just want to taste, maybe they just want to cut off the money. Maybe they just want the ability to turn these things off and on whatever they like. Either way, they want control and they're going to get control. Any more on this issue, tone or Jeff? All right. No, no, just just one little point in that, see, Coinbase plays by different rules than Google and Netflix, because Google and Netflix are technology companies. And ever since, you know, the internet came out, technology companies have been getting bigger, bigger and bigger, where they're starting to write the rules. Coinbase is just a little bug trying to play by the rules of the financial system, trying to creep up in there. So they're not there to challenge the system at all, by any means. But if companies like Google and Netflix and Amazon get in, that's they can actually do some challenges. And for what I'm reading, like the US government is starting to get scared as how big these technology companies are getting, like Apple, like Amazon, you know, not so much Netflix yet, but yeah, like Google and where these companies start to, you know, have their politicians making the rules. And that's who you want in this game, the technology guys, not the banking guys. All right, we're running out of time. We're going to move on to predictions or story of the week. Tones, are you ready with a prediction or a story of the week? I actually have both. Let me do a story first, only because it just came across my radar. Let me throw it up here and let me go to screen share. Because we covered the story earlier, this just ran across my radar. We covered a story where the Bulgarian government, I think it was Bulgaria. The Bulgarian government managed to confiscate 200,000 Bitcoin. And this was reported by like a joint, you know, both a European task force, would it combine organized, yeah, there's like these agencies, it's like, all these agencies. So just like, European agencies, the one that reported this, this was weeks and maybe even months ago. And now the Bulgarian government comes out, I was like, what Bitcoin? We didn't confiscate any Bitcoin. So this is going to be really, really interesting, like what happened to that Bitcoin? Like did the Bulgarian government decide to just, you know, a couple of officials decide to just hold on to it? Did they actually not confiscated that somebody screw up? This is going to be interesting because 200,000 Bitcoin is not something to sneeze at. It's billions of dollars that it's going up in value. So it'll be amazing. Now Europe is going to be investigating countries whether they're properly confiscating, you know, criminalized Bitcoin from criminals. And the more criminals I use that term loosely, if they were running a gray market website, should not have had anything confiscated. But I found this story pretty interesting. What happens if I do this? Okay, perfect. I was sharing this with you. So as for the price, my two tweets from the last 48 hours, the 24 hours, what am I saying? We're actually perfectly timed. This is the first tweet I sent when I finally went bullish. And I basically said, hey, we're breaking out of this triangle. Bitcoin is about to go up. And you can see my targets right there. The daily target is pointing to just under 25,000 dollars per Bitcoin. Now we're not going to get there very, very quickly. But I do believe we are going to get there. That's why earlier in the show that that was my target. My tweet from earlier today, that was an update to that one. Now that we've already broken out, from within 24 hours of that first tweet, just look at this one where I have multiple time frames. Again, the daily hasn't changed. Pointing out on the daily, there's a double pop between here and here. And this is going to break. And we're going to go higher. And we're going to reach this double pop. And then I'm going to send the same exact tweet out, highlighting this. And this is a double pop. And here comes another breakout tire. Now here's the four-hour chart. And this is a cup of handle pattern to me, where we're supposed to go up the fat part of the cup. Now I didn't highlight this, but this is around 12,000. And this is around 15,000. So you are looking at a $3,000 pump of the price of Bitcoin using the four-hour chart. So we are looking at about $18,000 on the four-hour chart. And I'm looking for a nine, like nine consecutive candles of upside. And then a little bit of a pullback. The hourly chart was given us one of these, well, if I put the arrow there, then that thing comes back. So, but you can see it right there in the bottom left-hand corner, where you have something known as a bullish pen end. And again, on the hourly chart, I was looking for nine consecutive hours of upside. You see that arrow pointing to the nine in the right here, basically. I just drew this arrow this morning. And I'm like, hey, I'm going to look for a nine. And let's go to the live hourly chart. And look at this. I have not touched this chart at all since I tweeted that out this morning. That was the arrow that I drew. That was the nine that I drew. I really wish this was a red not an orange, but in order to get this red, we would really need to go up here, which does not look like it's happening. But yeah, I was looking for a nine. This is where I'm looking for a one to four-hour pullback. And then we go higher because the four-hour chart, again, look at the arrow that I drew this morning. And there it is. We're on an eight. And the four-hour chart should give us a nine later on tonight for a potential one, two, four candle pullback on the four-hour before we go higher. So I am starting to look for some pullbacks. The daily is still very clean. I'm looking for five more days of upside, hopefully right into this double pop, take a little bit of a break, and then go up from there. I'll probably be treating more of these out. I mean, I think we're in an awesome bullish environment. The weekly is back to our five. All we got to do is close next week at New Alt-pipe highs and we're off to the races. Everything is looking good. Even Ripple is looking great, you know, continuing to sell off. But hey, it's on a nine. Like it's the opposite of Bitcoin, right? So the Bitcoin four hours about to reach a nine, Ripple has already reached a nine. So maybe a one to four candle upside and then, you know, go all the way down. I haven't seen a B-trash in a while, but I hope that one is collapsing as well. To be honest with you guys, I'm more enjoying the fall of shit coins than the rise of Bitcoin. Because I know the rise of Bitcoin is going to happen. But these shit coins have really been frustrating lately. But hey, if you don't know what this indicator is, please go to the Learn Trading of my website. And it's explained in section six. But I recommend you be an expert at sections one to five before you had come to understand it. That's pretty much it for me. Back to you guys. All right, Jeffrey Jones prediction or a story of the week. Yeah, so a couple things. First of all, a couple of trolls in the chat or trying to say that coinbase added Ripple. No, they didn't. Anyway, one final, I wanted to give one final point to the previous topic there about that image that tone shared about BitMain urgently ordering 100k chips. I just wanted to say that like, look, it is early days, but the demand is going to be there. My point was that there's going to be huge demand. If this was true, that BitMain had to emergency order like, you know, hundreds of thousands of new chips and things. That just shows that the demand is here. There's huge amounts of demand and you can't suppress that. You know, so there will be competition and mining in my opinion and it will become much more decentralized. As for story of the week, I definitely recommend everybody to check out a link. Maybe we'll put it in the show notes, Thomas. But basically, let's see here, Mr. David Harding, a well-known person in the Bitcoin community, kind of released a huge description on what are Lightning Channel factories on Goodle Stack Exchange. And I definitely tweeted that out. I recommend everybody take a look at it. It's absolutely fascinating stuff talking about Channel factories because a huge amount of people are always, you know, huge amount of Lightning trolls are always talking about. They're also talking about how it's going to, no, but Lightning won't work because you have to make a transaction to open and make a transaction to close. My personal opinion was that was never going to be the case once Lightning hits actual, an actual threshold of market cap, you know, as far as integration into the ecosystem. Because, Lightning is also a routing protocol. So there's just going to always be enough channels, you know, already open that you can just be routed through. But in addition to that, now we got, now we're talking about Lightning channels, which is even more fascinating because now with Lightning channels, you actually don't even need to open to spend another transaction to open up another Lightning channel. Once you open up a Lightning Channel factory on a Lightning channel that's already been opened, you can then open up unlimited amounts of Lightning channels in addition to that with no other transactions. This is going to help Lightning scale huge. This is going to help Lightning be integrated. This is going to help Lightning grow. And so this is just huge, awesome news, the way that David explained this. And so I definitely recommend everybody check that out and look into Lightning Channel factories. Very amazing stuff. And then finally, I did get around to finally launching my own little portfolio website there. You guys can check it out. The onevortex.com. It's just a little portfolio site on there with a tweet I'm particularly proud of. From Mr. Adam Back himself on there. I put that on the homepage. Thought that was pretty cool. But yeah, I have a tip button on there and some articles that my commentary has been featured on and podcasts that I've been in and stuff like that. So everybody get a chance to check that out when they get a chance. And that's about it for me. All right, great stuff, Jeff. And my story of the week is I started reading the new Trump book today, The Fire and the Fury. And I have some surprising cryptocurrency related reports from you from the book. First of all, Peter Teal, whose company Founders Fund has recently announced that they purchased a great amount of Bitcoin in 2012 and have been doing really well ever since was mentioned in the book because as you know, Peter Teal gave the speech of the Republican National Convention. Many people assume this means he has a good relationship with Trump and there would be continued dealings in the future. However, according to the book, Peter Teal did not get his calls returned from Trump and was not involved in the transition at all. Trump did not seek his advice in courting other Silicon Valley, billionaires, etc. It looks like Peter Teal is unfortunately sidelined. So earlier beliefs and reports that Teal's love of Bitcoin might become Trump's love of Bitcoin and might affect the US government in some way seem far-fetched in misled. Also, there's an interesting Steve Bannon connection to crypto. Steve Bannon briefly worked in video games working for the company that was later called Internet Gaming Entertainment or IGE, which was later run by child star Brock Pierce. So an interesting connection. Bannon and Brock Pierce worked together in the cryptocurrency video game industry back in the day. So just a little bit of tying in the most recent modern news into Bitcoin and bringing the two together. But that's about it for this show. Thanks to everybody for watching. We had around 1245 viewers right now at the peak. Thanks so much for giving us a share and a like that really helps people find the show. Be sure to subscribe down below to the World Crypto Network. We've got Jeffrey Jones coming up this weekend with the Bitcoin news show on Sunday around noon Pacific time. Check that out. If you want to send us a Bitcoin donation, we've got a Segway address right here and in the description below. And we'll be back next week with another episode of the Bitcoin Group. Until then, bye-bye!