#175 โ€” The Bitcoin Group #175 - Bitcoin Regulation - Mt. Gox Sells - Binance Hacked? - Blockchain Voting

๐Ÿ“… 2018-03-10๐Ÿ“ 12,499 words

The Bitcoin Group, 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, Andy Hoffman from Crypto Gold Central. Oh, it's a pleasure to be in my first appearance on the Bitcoin Group. I'm so happy. Lee Camp from Redacted Tonight. Hey guys, thanks for having me. I'll be the idiot of the group and you can explain things to me. Tone Vays from Liberty Life Trail. Hey guys, it feels like my first time on the Bitcoin Group since it's been so long, but great to be back. Jeffrey Jones from the Bitcoin News Show. Hello and welcome, ladies and gentlemen. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one, Bitcoin's week of bad news. There was nothing but bad news for Bitcoin this week with the SEC warning about unregulated exchanges, as well as cryptocurrencies being regulated by commodities to the CFTC and Japan cracking down on their regulations. Meanwhile, Mt. Gox has been selling more than $400 million in Bitcoin and Bitcoin cash and he's not done yet. Andy Hoffman, which one of these events do you think affected the price most and are you worried about the price in the future? Well, I think that all that other stuff is immaterial. In fact, every time we hear something about it, government, everyone gets crazy. But the fact that the US government would consider regulating exchanges, which need regulation really is not even bad news in the first place, like who cares. It really, the only real story here to me is Mt. Gox. And I think it's a gigantic story because as it came out, let alone that it came out as the Japanese are talking about regulating exchanges and the US is talking about regulating exchanges. And then you look back at how they were selling 35,000 Bitcoin at these extremely strategic points, not by auction, which is absolutely insane. I mean, when you're in Wall Street, if you had the big overhang and you went to a, you would go to a dealer and say, hey, I got the big overhang, you could have probably sold the whole thing at $20,000 instead they are strategically knocking the price down. And it makes me think that they probably are doing more. And it's, you know, so originally, initially people get scared and they panic and they sell thinking this more coming. But eventually the big whales out there are going to realize the prices are artificially suppressed and they're going to come in and overwhelm this guy if he's not done already. So to me, all the other stuff is fine, just like the South Korean stuff was fine when the price was falling back in January. But to me, this Mt. Gox story is going to be something that ultimately is going to provide rocket fuel for Bitcoin. I agree, Andy, it's shocking that they didn't do OTC trades. It might even be a breach of their fiduciary duty. Might be a breach. It's a breach. They're going to be sued. Well, Japanese laws are different. We'll have to see. Lead camp, your thoughts on Bitcoin's bad week. Well, like I said, I'm going to be the idiot of the group here because I don't, you know, I know some stuff about Bitcoin and I've studied it to some extent, but I don't keep up to the day to day. But also, I'll speak in a little bit broader terms. I think that as threatening as Bitcoin is to our current, you know, currency markets and to how our societies are set up, you should, anybody should expect this. Like anybody should expect that governments are going to do everything they can at some point, once it gets threatening enough to try and stop it, to try and stop the natural global and democratic nature of it. And so it doesn't shock me. And I think that it will continue. But that doesn't mean that it can't continue to change the world. But they're going to put every hurdle in front of it that they can. I agree. People say replacing government currency with Bitcoin, did you really think it would be this easy? Right. No, no, it didn't. Tones. Yeah, I pretty much second what Andy said. And it's really interesting how you close doubt saying they will probably get sued over this. The irony is they might get sued by the same mound gocks holders that they are liquidating on behalf of because they're literally dropping their own, the price of Bitcoin that they're now holding with the Bitcoin that they thought they had lost beforehand, right? So it just creates this really weird dynamic. And yeah, it's really bad. And the thing is we found out about it after it's all been sold and hopefully that the government of Japan, I mean, I don't blame the person selling them, right? He's a government employee. He was told to sell it. And if he starts to think for himself and actually go out and sell it in a way that they didn't expect, he can be fired over it. So I don't blame the employee. I blame that entire process that they didn't consult with experts on how to give people back their money. They could have just given people back the Bitcoin with they could have chosen a day they could have like said, hey, so we're going to choose this day. The price of Bitcoin is 15,000 or whatever. It looks like they picked a damn good day to start selling. Why couldn't they just give all of that Bitcoin back to those people on that day when it was worth $20,000 like for that second day, they could have, that's what they really should have done. I also agree that that is the big news. But what happens is when you are in a down market, it's like the bad news tends to snowball and it builds on itself. Like there's never one catalyst. It's a culmination of things and hopefully it's over and we can start to go back up and confidence starts to come back. And I don't want to throw in conspiracy theories. But man, I mean, if there's one government out there that I have all along. Oh, and he was going to a conspiracy theory and they cut him off. I assume he was going to assume his, his plan was somehow. But yeah, let's move on here. Jeffrey Jones, do you think it was better off should they have just left these Bitcoin underneath Carpellis's cat? That would have probably been a good idea. No, yeah, it's been a crazy week for news. I mean, the mayor multiple was under 1.0. So I mean, that is a definite signal to buy. So I think that kind of signals that we're pretty much at the bottom. And again, just to remind everybody, we have a traditional correction around this time every single year for the past four or five plus years straight. But obviously getting double gocks didn't really help anything with the price. And as Tony said, it absolutely is a culmination of multiple things. Of course, as usual, every single tweet from CoinDesk or whatever is going to be like the price is falling on this news. And the price is rising on this news because they have to sell clicks. So you guys just make sure you realize that it's never any one thing. As Tony said, it is always a catalyst of multiple things. So that's very important to understand. And like what Lee said too, that despite the price, despite the price going down, Bitcoin is still going. Bitcoin is still producing a block every 10 minutes. Bitcoin is still continuing to change the world. Nothing can stop that not even the price. Bitcoin will still work like it does at $1 or $10,000. So the long-term hoathers, of course, as usual, are mostly unaffected. But yeah, this is a pretty crazy week. As Tony said, it really does exacerbate when we have a huge sell. The volume tends to really snowball much more than when we have a huge buy. So when we have all this, when we're already in a bear market, we had a bunch of the bad news. It does tend to increase that volume and snowball. But we have just like we have in the past, bounced off this 200 day moving average. We'll see if it holds or not, but so far it has been holding pretty good. And there's other things too, like the tax refund, right? People are kind of waiting for their taxes. I'm sure that they're selling for taxes and things like that. So there's all sorts of a myriad of different things happening right now. But as always, guys, if you hoddle, you're good to go. Just one quick thing because I recently someone sent me these two screenshots. And Kraken, who was involved in the whole Mao Gaoks post disaster, and Marker Palace himself, they both warned not to sell these coins on the open market. Like it's not like they weren't advised to not do this and now look at the backlash that they're getting. It's unbelievable to be goxed again. Moving on to the exit question, the price of Bitcoin this time next week, higher or lower, Andy Hoffman. Absolutely, I are because I think it's worried about this whole Mao Gaoks thing is going to spread. And again, you get initial reaction and people sell. And then they realize that the price has been artificially suppressed. It's not because of a fundamental factor. And then you throw in the fact that there's absolutely everything positive, fundamentally going on in Bitcoin more so than ever in its history. So I have a full confidence that what we just saw the other day is going to be another hopefully permanent bottom. Lee Camp. I mean, my guess would be that it's up next week because it does get past these these bombs that have been thrown this week. If you don't mind being the big and the ignorant one of the group, I'd also like to pose a question while you're while the rest of you answering this question. I want to know how confident you guys are that Bitcoin remains the most used cryptocurrency and the highest valued one in long term. Does it seem like that nobody really knows or does it seem like Bitcoin will continue to remain on top? I'm pretty sure we can put that out to the panel, but I think we have a panel of maximalists here. So, Tony, go ahead. I'm just going to answer it. I'm about as confident as I am that the internet is not going to have a competitor anytime soon. Tony, on the price? As far as the price goes, I'm looking at the chart right now and the daily candle is about the close. I'll show the chart at the end of the show. But I'm starting to get bullish as well for next week. This is a pretty good turnaround over the last 24 hours. And if you force me on the spot higher or lower a week from today, I'm going to have to say higher right now. All right, Jeffrey Jones. Yep, remember guys, I mean, every time we have these dips, so many coins go into cold storage. So many coins get taken off the market. We just recently did have a huge $93 million dollar buyer, some ridiculous number, you know, a thousand and thousands of coins. So, just keep that in mind, guys. Yeah, so I think that all depends on how we close this weekly candle. But I am confident that we have that we can bounce now off this 9200. Once the Gox news goes everywhere and if we close this weekly candle at a decent price, then yeah, we're looking bullish next week. So I'm going to say higher. And what do you think about Lee's question, Jeff? Oh, sorry. So real quick. Yeah, basically, as Tom said, Bitcoin really does represent the internet of money. We all have to agree on one single protocol like we did with TCP IP in order to really create this internet of money. And so there's going to be a bunch of competitors just like there were back in the old days for TCP IP. But eventually one wins out and usually it's the most open source, you know, most robust with the best developers. And so that's kind of what we're seeing with Bitcoin as well. Yeah, just on the right track here. It's TCP IP. It bends, but it doesn't break. They didn't think we could do email attachments. They didn't think we could do video streaming. TCP IP was improved to have all of those things. Bitcoin isn't just the brand name like Band-Aid or Kleenex. Bitcoin has the technology as we see with the rootstock smart contracts coming in soon. The Lightning Network, Layer 2 solutions, the sidechains, all of these together show that technologically Bitcoin is the one. Price, money, all those things. I don't know, but I'm with the technology. Andy, can I say how confident I am? I'm as confident as like, you know, Superman is the only superhero on the planet. If you ask me, do you think someone else is going to beat up Superman? And even in Superman 2, you have three bad guys coming in. And he still beat them. Superman is Bitcoin. Okay. I've got an incredible floor for staying Bitcoin is like the United States and all the altcoins are like Puerto Rico. But let's move on to issue two. Sierra Leone holds the first ever blockchain presidential vote. Blockchain or a large shared Excel database has been spouted as the solution for almost every technical project from sharing of health records to sharing of financial data. Now we see it moving into voting with Sierra Leone holding the first ever blockchain presidential vote. While there are some questions about the manner in which they held the vote after they collected the votes, they entered them into the blockchain where presumably they could not be edited. Lee Kamp, is blockchain voting the future of democracy? I'd say so. Yeah, I think it is. I don't know all of the problems that can arise with it, but I think that those will be settled and figured out and we move forward from there. Absolutely, I think it is, but as we're seeing the United States, they're not really interested. The rule we lead in, I think this is in a lot of countries, they're not really interested in a legit election. So forcing them to a system that is fully legit, is fully accountable is not an easy task. This week represented a policy gathered but forward a bill to, and there's the only bill on changing our voting system that's been put forward that I know, obviously, to go back to paper ballots for the 2018 midterms as well as open source software for the accounting machines. And I think she's gotten some support, but I don't think it's even going to come to a voting congress because Angie didn't mention blockchain because I don't think that, I don't know if she's educated on it or really knows that we can get there or what, but I do think we've got to go back to paper ballot until we have set up the blockchain system for our voting. And so I think she's doing the right thing, but Congress doesn't have really any interest in it because they've got to completely closed off, completely closed source system that they can manipulate and about a dozen different ways on redacted tonight. A week ago, I covered everything that was wrong with our election in 2016 in about 20 different ways and none of them have been dealt with. So yes, I think it should be the future of our voting system. Will we actually make it there? I hope so, but it's not going to be easy. And it's interesting with in the United States, we don't have a national voting system. It's more from the ground up with the counties and the states deciding on their own rules. We also have a bit of an interest with the political parties where one party, I won't even say which does better if less people vote and the other party does better if more people vote. So there is actually a political reason to do that. It's actually a rare occurrence that I agree with President Trump on this. We should have verifiable paper ballots. I've been against the digitizing of voting the whole time. What we really need is open source tabulating machines. And if I can just add one thing, you're talking about how we don't have one single structure for our voting, but in fact, and we don't, but the DHS or Department of Homeland took over under Obama took over our voting systems, calling them critical infrastructure, which means a lot of things, but it means you basically put in the election system in the hands of the Trump administration or whatever administration's in power under the Department of Homeland Security on top of that. There are loopholes in the FOIA requests so that if they are controlling our voting, then you can't even demand to see the software. So it is actually with draft, whatever transparency we had, it's stepping the wrong direction really. It really shouldn't be a single party or a single presidential candidate in control of the voting system. That's not acceptable. And if you really want to get me mad, get me started on Jerry Mandry, tone vase. Yeah, it was one really interesting thing that you said, Lee, in there is that no political party, no politician or almost no politician is really, really interested in having legit voting. And that's the problem. That's the real problem. It's not the blockchain. Well, if you properly use the blockchain, completely properly, it could potentially solve the problem of messing with votes after they're voted. But it can get you into more trouble in the fact that if you really trust the blockchain and that those records are immutable and they can't be changed, then no one is stopping you from putting fake votes into the system to begin with. So the blockchain is, I mean, it's a much bigger problem. It's not a technological problem to solve. I mean, there's lots of other problems. Should we or should we not identify ourselves when we vote? And that's another huge debate. I mean, if you really want the fair election, I'm sorry, you're going to have to KYC. You're going to have to present a real ID. And that ID needs to be checked and verified that you are a person to vote. We've had the technology for a long time to open source and make voting fair. Even if I make an Excel spreadsheet and I put the Excel spreadsheet on Google as a Google doc where every single cell that gets changed by any person gets documented and tracked when it was changed, what was changed. I mean, we have the technology, the database technology without the blockchain to make sure that digital records, there is a full audit. I mean, I worked out Wall Street before I came here and granted there were always like issues, but in reality, every single thing that we ever changed in our database on our Wall Street company, it was backed up and it was audited because the CTO needed to know if someone ever anywhere in the company changed a single record, financial record, that we know exactly which employee did it. Like, this kind of stuff has already existed. Putting it on a blockchain, I put, can potentially give people false hope and then people will still cheat on the front end of the whole thing. So there's much bigger problems than that. And I would say going back to the 2000 issue with the hanging chads and all of the butterfly ballots, you think that they would have come up with a solution. They spent all that money on the voting machines, then we went through the whole die-bold can be hacked, voting machines can be hacked and all the time no one ever talks about the tabulators, the machines that count the votes. You feed it in like a scantron, we could have a nice paper ballot, but if I own the tabulators, I own the votes. There is also some fishy stuff in 2004 just flipping the vote totals. All you have to do is change the names. Well, like the only way to really do it is to literally put your DNA on it. Like, you have a little tiny like to have at the doctor's office, you stick your thumb on there, it literally takes your blood, it validates your DNA, and then you vote. You don't even have to leave the house. You don't have to go to a voting booth, right? You're literally using so someone will actually have to kidnap you and like use your DNA in order to put a vote in it. This could be done from your house, and that can go into an open source technology that gets that vote, and that's it. And no one has to know who you are because the area, because you can't say, oh, my neighbor voted for this guy, because you don't know what that neighbor's DNA is, right? So I mean, that could be the future, if you really want fair voting, but then people, including myself might argue, hey, now the government has all of our DNA and they can do whatever, right? Like, there is no good solution here. I'm sorry, it's just something we're going to be arguing on. Like, like our kids will be on the same program arguing about the same thing in like 40 years. I just don't understand how, but like I hope society will change, but we'll see. Even with the DNA verification, you still can't vote from home, because there's an easy man in the middle attack right there. Also on your other issue, I was going to say identification seems like a no-brainer, but unfortunately a lot of poor people in this country simply don't have driver's licenses. They don't, they could get a free government ID. Yes, it's possible, but why would you get it just for voting? It's a complex issue. Let's go on, Jeffrey. Sorry, just a quick. A lot of poor people don't have IDs, but then on top of that, the way in some of these areas where they said, okay, now you have to have ID, is they then immediately got rid of like the DMDs in like the black areas of town, like specifically trying to make it hard for these people to get IDs. And then they're only open during work hours. So, you know, these people have three jobs are working all the time. The idea that they're going to make it, you know, downtown in the middle of the day to spend $50 on it. So it's really designed to stop poor people from voting. And if it needs a blockchain that needs the internet, gets what's going to happen in these poor neighborhoods, the internet will suddenly go down at the worst possible time. I mean, it's unbelievable to see on TV the lines at the polling places. They switch to these computers, then they put less computers in the poor areas, whereas Oregon has vote by mail. Everyone votes by mail. There's a paper ballot. It's very file, but it'd be really difficult to fix. It's a better system, but we can't seem to change anything like you guys are saying, because there's no political reason. No one wants to count the votes. No one wants to do the civics homework of enforcing the actual system, because that's who wants a fair result when you can have a twisted one. Let's go. Jeffrey Jones. Yeah, there's a lot of big, great information has been said already, but I mean, as a bit of a crypto anarchist, you know, I'm not super bullish on voting on the blockchain or voting in general. In my opinion, most of the democracies out there are just there for the 51% to control the 49%, and as mentioned, the identity issues are huge. The identity issues are going to be huge for decades, mostly to come, because you see, there's a few main problems with blockchain voting. Mainly, the blockchain, its main use case is for digital scarcity and immutability. It's not designed to handle identity in any way. It's designed to have one address, maybe represent millions of people. That's a big issue. Remember that the rules for the blockchain are agreed upon with a consensus. Satoshi Nakamoto consensus, not any type of democracy or anything like that. And then finally, the technology, this technology like Bitcoin really is going to allow us to basically leapfrog the idea of democracy and allows for complete individual sovereignty. So you can have an entire nation of one person or you can start your own nation. You'll be able to do all. There's all sorts of these types of initiatives that are all on the way to where we can have these blockchain services that actually directly compete with government services and do a much, much better job. And so that's the age that we're kind of going into right now. It's going to be, we're going to play out, of course, over the next couple of decades, but it's early days still. But that's really what I'm expecting to happen is just to us to a lot, is this technology, Bitcoin, to allow us to have much, much, much more freedom and completely, again, leapfrog the idea of democracy. You don't really need something like that when everybody is providing goods and services and everybody has a fair monetary policy, right? And a fair and robust financial system that's not controlled by just a few and things like that. So there's all sorts of different things that we can build with these new technologies. And I'm pretty excited about it. Yeah, the future of government is decentralized government, not blockchain voting. That's exactly what it is. This is what this is the movement, the meme that Bitcoin has spawned. This whole story about Sierra Leone is this comical is the Marshall Islands currency because again, you're trusting the government of Sierra Leone, this third world horrible place that they're going to administer this blockchain thing correctly. And that's ridiculous. This is ridiculous. This is believing the Marshall Islands currency will be administered correctly or the Venezuela and Petro. So no, I don't, I think this is just a little game, a little publicity game because in the big picture, it's taking the governments out of the voting process. That's the future. The main issue on this whole blockchain issue seems to be the difference between a distributed blockchain and a permissioned or private blockchain. Yes, Chase Manhattan Bank could have a private blockchain, seven servers, seven computers. It's unalterable, but they're the only ones that could mine it. The beauty of Bitcoin has a token of value on top so that anyone can mine it. So it makes it truly distributed decentralized network. These other blockchains just seem to go back to the same as a shared Excel spreadsheet. A little more uneditable, but not completely uneditable because without the token, without the open mining, which again is a risk. If you have open mining, someone could mine more than you. Your company wouldn't own all of your health tokens or whatever they are. So they don't want those risks. They don't want those things. But let's move on to the exit question. I actually want to thank Lee for his show and all of the, because you're bringing in a lot of attention to the whole voting issue. And that's what's more important. It's not whether the technology is going to be blockchain or it's going to be, you know, people will get together and do it, but bringing attention to the problem is where we need to start. And that's what's really important. Not whether blockchain is going to fix it or something else. Well, thank you guys. And thank you for doing what you do and educating people and getting the word out about getting beyond the the the the fiat currencies that we live under. And the big banks. I do have to run, but it's been a pleasure chatting with you guys. And I hope to talk to you again soon. Keep keep fighting out there. And if anybody watching out there wants to check out my shows called Redacted Tonight. So thanks a lot. Yeah, it's on our team. So check that out. Thanks. Thank you, Lee. Thank you. Me, to myself. All right. Let's move on to the exit question. Blockchain vote. There any one thing in the voting system that you could change if you wanted to change what would it be? Would it be adding a blockchain or would it just be something else? Let's go to tone vase. Wow. Actually, I actually I know what I would change. I would make it a national holiday because it's ridiculous that people have to also go to work and their kids go to school on a day when you're supposed to be voting. That's what bothers me. It should even be like a tour a three-day holiday or whatever it is. This is important. And it should be like it should be in the middle of the week. Let's not give people like a four-day vacation to go away. But it should be like a Wednesday in the middle of the week where it is a holiday and make it. And that would be my number one thing that totally frustrates me. And I don't even have kids. In Europe, they have months on days. Like, so everyone could vote. Exactly. Exactly. If we actually wanted everyone to vote, we would change it. Holiday is a good one. Jeffrey Jones. That's a tough question. You know, again, I'm just not like a super big huge fan of voting in democracy and things like that. So I'm just going to go with tones answer. All right. Let's go to Andy. Go ahead. I'm just going to say that the political process, at least in this country, so sickening, I don't even want to talk about it. I got enough on my mind. All right. Well, I'm going to have a hard time choosing just one because I want open-source tabulators. That's one of my big ones. I want a verifiable paper ballot. I like tones holiday. That sounds good. Let's do that. And if we're going to change things, let's start doing ranked voting. One, two, three, four. So instead of getting the worst or the best, we get middle of the road candidates. There's a lot of things that we could change to make democracy and voting better. Reinstituting civics classics would be one of them. People need to understand that being a citizen is a responsibility and you have to take, you have to do work, you have to learn things. It's not just showing up and watching reality TV. But we got too political already. Let's keep moving. Did you know the World Crypto Network has a podcast? And you can listen to it at worldcryptonetwork.com or on iTunes or Acast or any other program. We've got Andy Hoffman, Tone Vaze, Jimmy Song, the Bitcoin Meester and much, much more on the World Crypto Network podcast. Please subscribe today on iTunes. Moving on to issue three, Binance Hacked. Or maybe not hacked. Binance's API key was apparently used to force users to buy Viacoin. After buying Viacoin, the Viacoin price went up and the hackers were then sell their Viacoin exiting in a brand new kind of exchange scheme. Apparently there was a great deal of fear with the initial Binance Hacked announcements. People thought they might have lost all of their funds. Now it's looking like they might have lost some of their funds. Jeffrey Jones, is this the most inventive Bitcoin exchange hack we've seen yet? And will it be the last? Yeah, it's kind of crazy because almost every major exchange allows you to have some type of API key. Whether it's Bidtricks, BidfinX, whatever, BidStamp, all the big ones allow for this type of thing. So we can have automated trading and so that we can use bots and things like that. So it's pretty interesting to see that this was, you know, that this wasn't, that this particular attack doesn't happen more. But again, it was a pretty clever social engineering attack because remember, they had to get these people's API keys. So that was step one. And so just as a warning, right, do not, as a PSA, do not ever, ever, ever give away your API keys. And so actually most exchanges force you to create one first. So you have to actually create it. You don't even have one until you manually click the great button. But even then, guys, you know, try some, part is you can't do not give out your API keys. There are some phishing sites. There's some some bot trading sites that actually require you to give you your key and things like that. It's, you have to be really, really, really careful with it. And again, this is mostly only for advanced users and advanced traders who need to use algorithmic trading and all these bots and things like that. So it doesn't really affect the regular person. But again, just just be careful anyway. You know, this is these types of things aren't going to stop as long as we have, you know, funds under a centralized control. Look, I like, I like Binance. You know, it's a really great exchange. It doesn't allow for, it doesn't need require KYC. It has very, very reasonable limits for people who don't want to go the KYC route on there. And so, you know, I know a lot of people that use it. And it's, it was so far again, a really great exchange. And I have to say that I am happy with the response to this. I'm happy with how they handle this. And I'm happy how they responded to this. So I'm, like I say, and it was kind of crazy. This exchange was actually created from an ICO, believe it or not. Like so, evolve the things to create, be created by an ICO. An exchange that doesn't require KYC is pretty interesting. So I hope that they, you know, continue to do their diligence, continue to keep up their security because it was their fail safes that did catch this type of activity that was happening in their exchange. So great job on that guys and keep it coming. A quick technical question, Jeff. Are there different kinds of API keys? Because I know a lot of people have used coin tracking.info to do their taxes. And they had to give the API key to let them look at their trades. Is there like a watch only one and a control your account one? Yeah. So on every major exchange that allows you to have an API key, there are all sorts of different settings that you can manually check off. So for the most part, things like, you know, make trades, view data, right, things like that. Read and write. You're standard kind of reading, right? Type of permissions. And so, but the thing is that the fault is usually how it's kind of like all the permissions, unfortunately. So usually that's kind of how it is. You actually have to manually uncheck things. For the most part, that's not the same on every exchange, but there are some exchanges that actually kind of default all that stuff. And if you look at the coin-based API, it's kind of bad as well. You get a lot of data that you may not should have. You might not should have had that data. So yeah, it is a bit of an issue across exchanges. We need to harden the security on these API keys. So those are the wrong defaults. They need to fix them and make them the right defaults. Pretend that the other users don't know as much as you and take care of them. Andy Hoffman, your thoughts on the Binance hack. Right. Well, if you're asking about the technical stuff, I'll defer. If you're asking like, is it bad news? No, it's not bad news. It's a risk you take if you want to invest in altcoins or anything. I mean, do not put things on exchanges. And if you say, well, I can only own this altcoin on exchange, well, maybe you should own the altcoin because this is the kind of stuff that can happen. And yes, it was very creative hack. It was a hack. And again, you know, it's there's so many things going against altcoins, particularly now after this big crash, when I think investors are going to be so much more discerning because there's so much crap that people bought and lost their money on and they're going to be looking at them and saying, why did I own this? They don't do anything. And on top of that, you have to worry about the top exchanges getting hacked yet. So I would just say, be a Bitcoin maximalist, put your stuff in an offline hardware wallet. And this is going to be going to story. Tony Vase. Well, if you believe, and if everything Binance said is true, then this hack was a total fail. Right? Because the hacker was not able to withdraw the Bitcoin. So this was not a very successful hack. I mean, I think the Dow still rules them all with the hack, even though he only didn't really get him either because it afforded, but he basically, to me, the Dow is still the greatest hack of all because it exposed the theory of what it was, a centralized piece of, you know, what? So I don't know what to think here, right? So obviously, it was a really good civil engineer, you know, so not so engineering, a social engineering job in order to try and steal a bunch of Bitcoin that didn't work. But like, here's the other thing that that vortex said in that Binance seems to be have very good development and everyone loves that exchange. But like you said, it was financed by an ICO, which is a problem, right? Because some of these exchanges, even Coinbase, right? They got a lot of investment, but they have to give something back to that investment. Other exchanges don't have the kind of funding that Binance got because they were able to sell their exchange to unqualified investors. So what does that mean? That means that if the regulators don't like curtail this, then that becomes the business model. No other exchange will be able to compete with Binance unless they also sell an unlicensed, unregistered security to unqualified investors. And this is the whole problem because the next one that's going to try and compete with Binance with an ICO may just run away with all that money because there is absolutely no oversight on any of this. And this potentially shows the problem. So I'm not a fan of Binance at all because the way it was financed and the way it was created. But the end result is if Binance has more runway and more money than any other exchange, then yes, they can give you the fanciest tools making the fanciest website. But I just don't know how all of this is going to end. I just don't. We'll see what happens. I don't tend to trust people that I see all. So I don't know. Here's a question that I'll post for everyone. Now that Goldman Sachs is going to be not circle. Goldman Sachs is buying PloneyX. It's clearly going to have an impact on all of these things. Regulations KYC, probably good for investors. Just throwing that out there. I wouldn't go that far. Right. Goldman Sachs is simply an investor in circle. And I don't know how big of an investor Goldman Sachs is in circle. 35% I think. Right. 35%. So it's very possible that Goldman Sachs, even if they wanted to shut down the deal with PloneyX, they may not. There might be a bigger shareholder in Goldman Sachs in the funding of circle. So I wouldn't go as far as to associate Goldman Sachs with PloneyX. And the first thing circle is going to do is they're going to completely KYC everything on there. And first chance they get, they can probably kick off a lot of these questionable ICOs. Like we don't know which direction is going to go. I don't even understand why circle would buy PloneyX. I 100% understand why PloneyX was for sale because they want to push on all those liabilities to someone else with bigger pockets. I don't understand why circle bought them. Maybe that will be clear one day. But I'm pretty sure that all anonymous non KYC trading on PloneyX, if it hasn't stopped yet, it's imminent. And moving on to the exit question. We were talking about a little bit about this before the show. No one knows where Binance is. No one knew where BTC-E is. What's going to happen first? Will people stop trusting these bizarre, unregulated exchanges? Or will they start holding their coins on their own computers and their own hardware while it's Jeffrey Jones? Well, I think it's going to be a combination with these distributed and decentralized exchanges that are really coming out. They will allow you to continue to hold your keys at all times and trade with the best of both worlds. I'm really looking forward to that type of stuff, basically, everything running over the top of the lighting network so that not only can we do atomic swaps in a decentralized manner, but we can do instant atomic swaps in a decentralized manner. I'm really looking forward to that. I think that's where the industry is going to move going into next year because the centralized problems that these are the problems that these centralized exchanges have aren't going away. In fact, they will continue to get worse and worse. And just real quick, a recent possible reason for the purchase from Goldman Sachs is the user database. That user database might be kind of valuable as well, but they had to get some skin in the game at some point. So interesting stuff. Yeah, I also think it was for the user database. Andy Hoffman, your thoughts? Yes. And the exit question specifically? Will people hold their own coins or will they stop trusting these exchanges? Right. Well, of course, there's going to be less trust in exchanges over time because there's going to be more of a mindset of decentralization. And the other thing I think that this and so many other things is going to spur is just massive technology development in wallets, be they offline or hardware or online to the point where people are going to be having for every one of these old coins, the ability to store them outside of exchanges. That's only a matter of time because and again, it's the whole the whole thing about Bitcoin and crypto is decentralization. So I think in time, we weren't as Jeffrey saying, we're not even going to need centralized exchanges, but there's going to be a movement out of the exchanges, even while they're there into advanced wallet technology. All right, tone ways. I remain very skeptical of decentralized exchanges. Right now, they have absolutely no volume. And one of the reasons is because people still do not trust decentralized technology. And in the few cases that they do trust decentralized technology, we have Bitcoin where the trust is basically with the core devs or at least the fact that there is enough of them, you know, keeping each other in check. So I don't know how we will trust because every other instance of decentralization, you know, again, I take it back to the Dow is your decentralization going to be funded by an ERC 20 token on top of Ethereum. Right? Well, I like this is the problem. There is no incentive in building a decentralized exchange because how are you going to finance it? How are you going to get enough incentive of people to continue to volunteer, building your decentralized exchange? And from the trader's perspective, if something goes wrong, who do you go to? Who do you hold accountable? Right? If you're going to say, well, my decentralized exchange is going to fund itself because there'll be a fee within the decentralized exchange from your trade. Where does that fee go? If that fee goes to a person, then it's not really all that decentralized isn't because then that person is responsible for coding your decentralized exchange. It really becomes a big chicken and egg problem. Now in the future with like lightning channels and maybe some kind of, you know, multi-sigs where you can just get a hold on that Bitcoin, maybe it's something like that, maybe the liquid project out of block stream can provide security for a pulled Bitcoin that can't just be accessed by anyone entity. I mean, I don't know what the solution is going to be, but it's not going to be as easy as someone is going to build a decentralized exchange. Jeffrey Jones, more on this? Yeah, so I want to push back on that a little bit, Tom, because I think that there is huge amount of incentive for the ecosystem at large for somebody to create a decentralized exchange. And remember, Tom, as the price rises for Bitcoin and other cryptos, there is plenty of liquidity around. There are newly minted Bitcoin millionaires, newly minted Ethereum, millionaires, and on and on. And there is a very important need for this ability. So I think that it very well could spontaneously come about just like many other amazing things have in the past like bulletproofs and things like that that was kind of dead dropped in an IRC channel. And just also just so you know, Tom, volume is continuing to increase on BISC. So it's not like it's like this or like straight. It has continuing to increase specifically this year and specifically in the past couple of months, it is increasing like crazy. And there are ERC token based, you know, decentralized exchanges. I know we don't have a whole lot of faith in those, but that will get the market used to using these types of exchanges of holding your own funds while being able to trade. And so there are things like again, Metamask and Zerwex that the volume is increasing steadily on these exchanges, on these decentralized exchanges. So to me, it's only a matter of time. Andy, have more on this? Yeah, it was funny. As Tom said, it's a chicken or egg situation. I was waiting for my turn to chime in. It's a chicken or egg situation. Because again, this is you know, an advanced thought process to trust in a decentralized process because as much as we think of crypto as decentralized, most of the on-ramps are centralized. And we think that look, if we send Bitcoin to a B cash address, yeah, that's on us. But if Crackin screws up, we feel like we can go to Crackin and get them to help us out. In this case, it's going to take a mindset change to believe that this will work. But it will work. It will take time, though. Some things go quickly. The Lightning Network, the scaling technologies, this thing is, these things are moving literally at light speed. The decentralized networks, I think, will take time. If the governments try, like if the SEC is more than just talking or the Chinese government, if they push the issue, then the decentralized exchanges will evolve quicker. But it will take time before in an unprovoked manner that people will trust. But I think you look up a decade from now. There won't be centralized exchanges anymore. But I would be skeptical that it'll happen quickly, but you never know in cryptocurrency. I'm kind of with tone on this one. I'm not sure there's a lot of technical problems to the decentralized exchanges. A lot of timing involved in trading. There's also denial of service attacks. If I can block you from trading, I can trade and you can't. Now, I'm at an advantage. In addition, like tone of saying, that the money would have to go somewhere. It would have to go to the programmer to a central point of failure. Someone like the Dread Pirate Roberts, perhaps, making a lot of money, having it incentive to keep the exchange running. But at the same time, we all know what happened when they took away the Dread Pirate Roberts. Moving on to issue four, Twitter Crypto Spam. Major accounts on Twitter, such as Vitalik Booterin and Charlie Lee, have noticed that almost every tweet they post gets delused by crypto spam. It's pretty generic and even easy sounding where it says that 0.1 send us 0.1 ether and we'll send you one whole ether. And sure, that sounds like a terrible scam to all of us. But then they also have the little bots that replied to that one and say it was a good deal. I got some and my mom got some and everyone's doing so well from this scam. But they're everywhere and they're on everything. And we told Twitter about this and Jack even responded to Charlie Lee, Jack Dorsey CEO of Twitter, responded to Charlie Lee, but nothing has been done. Meanwhile, DJ Booth, our friend from Australia, Flipside Bits, went out there and over the weekend made a Twitter bot that responds to this scam. Every time there's a scam message on one of these monitored accounts and some others, it will instantly respond saying, that's a scam. This person has zero followers, but they've retweeted 500 times. Maybe you should look at this. The question is, will Twitter and YouTube do something about this scam before it gets out of control? Let's start with Andy Hoffman. Well, it's an interesting question because I think we all know that Twitter is the center of the social universe for cryptocurrency. And of course, the cryptocurrency is rapidly becoming one of the focal social issues of our time. I mean, when you look at decade from now, it's going to dominate. And so Twitter has a major opportunity here to build upon that. And if they want to neglect this opportunity, when they have this captive audience of cryptocurrency enthusiasts by doing nothing about it, then it'll go somewhere else. For you know, it'll be steaming or someone else that hasn't come around yet, kind of like Facebook came laid on in the end of the day. It's up to Twitter. Twitter can be the center, the profit center of cryptocurrency social information in the future, or they can just let themselves be my space. It's up to them. Tones. Yeah, so I had this problem as well. I mean, this was happening to my, there goes my phone. This was happening to my Twitter as well. And then fat was definitely informed. The reason why I got banned from Twitter is because I kept blocking all of these things. So all of these bots that were showed up under my tweets, I would then go and block all of them. And that seems to be that somehow triggered something on Twitter's end that referred to me as the bot because I kept blocking bots. This also plagued a lot of other people in crypto. And that's how we got our accounts suspended for like 24 hours, which was absolutely crazy. But yeah, I'm having this problem on this bot thing isn't even my biggest problem right now. My problem is people that are not bots that are actually pretending to be us on Twitter, on YouTube. And the right now it's plaguing my telegram account. There are fake tone based on telegram that are texting all of these ICO projects and other projects in the space pretending to be me and selling them time slots on my YouTube channel. So for up to 30 minutes, it's a thousand dollars for up to an hour, it's 1500. And then these ICOs emailing me telling me how they have fallen for the scam. Now, I don't really know what to say to that because like, I'm sorry, that wasn't me, but like it's a scammer scamming a scammer. It's like getting really weird. Someone sent me a screenshot from a telegram group that said because someone that was in this telegram group of 4,000 people, I had no idea it was 4,000, but someone I had met sent me a screenshot saying, Hey, Tony, is this you in my telegram group? And I'm looking at and I'm like, no, that's not me. This guy is like offering that telegram group, you know, a slow, like an interview on my YouTube channel. So I go into the you I go, so I go into the telegram group chat and I see that it's 4,000 people and I'm like, oh my god, I don't want these people to get scammed by a fake tone vase. So I started explaining to the 4,000 people in this group that that's a fake not to fall for the scam, but the telegram group was a post IPO. It's like a it's like a group after a pre IPO for like a total scam of its own. So now I end up in this giant argument with the admins of this telegram group and the creators of the ICO and I was like, wait, okay, so who's gonna get banned first? The fake tone vase or the real tone vase? Because at the end, I just left that group saying, you know what? The fake tone vase belongs in here. I obviously don't. So it was just like completely crazy. Additionally on the accounts getting banned, the crack in support bot was also banned for warning people about these scams. Twitter just can't seem to get it right. Jeffrey Jones. Yeah, it's a bit unfortunate. Especially since, you know, crypto Twitter is like, like Andy said, kind of the epicenter of everything to do with crypto. Just but first just a big shout out to DJ Booth like this is just a really great idea for him to do. This is a we super appreciate it. Thank you so much for for doing this. This will help some people. And even if it only helps one person like it was still successful. So so thank you so much for that. You know, he does have limited requests on that API because he's using I believe the free version. So you can't, you know, just blank it all of Twitter or anything like that. Only I believe a few thousand at a time things like that. So he's a bit throttle there. But still, I believe that it is helping and because these scams are increasing. They are, I mean, every single bitfinex post, every single major post from any major crypto Twitter account is now seeing this type of stuff. And it is absolutely mind boggling, you know, the amount of work that these scammers are doing. Again, as tone said, they were replying and then they were replying to replies. I mean, the thread can get up to like 20 people deep from all of these different bots just on just on from that one tweet that says, Hey, you know, send your money here. So it gets really crazy and complicated. But still after all of that, like it really as a developer, I can I can picture the algorithm that we do search query that you could use to search these out. And it doesn't seem that complicated. It doesn't seem that complicated to look and see, okay, watch these, you know, certain accounts. If there's anything that with with a similar that are post with the similar name, right, remove those. I mean, it can be done as DJ Booth done has done. He does basically, he did that same thing, right? He just put in a couple of search parameters and was able to identify these bots. And so this is not a difficult thing for Twitter to do. I really hope they get there, they're crap together and get something like this done because it is possible. It is possible. And we really, really desperately needed and it's good. It's only going to increase even more if this is not stopped. And just one kind of side note from all this crazy week of banning all these, you know, these accounts, the at Bitcoin account did get banned for a couple days. So that was at least one positive entertaining thing that kind of came out of it all. But other than that, you know, we just hope that Twitter really gets their crap together. And you know, this is a really, really important thing for the for the Bitcoin and crypto community at large. Hey, can I second something you said? It really should not be hard for Twitter and YouTube a little harder for Telegram. But for Twitter and YouTube, it really should not be difficult for them to find accounts popping up that have an identical picture to an account with a, with, you know, a history and a standing and the same display name as the account with a standing in a history. It really should not be that difficult to write that. I'm sorry, you are centralized tech companies. You should protect your high volume users before they do go somewhere else. And that works well into the exit question YouTube, Facebook and Twitter have done such a good job recently, fighting spam and fighting bullying and hate speech. They've added a lot of settings. You can report people. Why are they not focused on cryptocurrency? Do they know that this is costing people money? Will Twitter and YouTube come around in six weeks, six months or never? They just don't care. Andy Hoffman. Well, I think it's for the same reason that so many in the people in the world, including so many people on Wall Street, haven't yet considered Bitcoin when it's so obvious that what it's doing is having an impact. And oh, yeah, it's been the best investment all the planets of the past decade. But eventually they'll come around and as for Google and Twitter, I would think they will come around quicker than others because they do have boards of directors. They are tech people. And at some point, someone will turn the light on in their head and say, we got to sue this market and if they don't, someone else will. Tony Vaze. Yeah, can I just, uh, yeah, I'm sorry, what was the specific question again? Will they fix it in six weeks? I think so. I don't think so because it doesn't look like they're going, they're not on the right track of fixing it because here's why. I constantly deal with spam and scammy comments on my YouTube channel. And the simplest thing for me to do is to remove it because I can remove it with one click. In order for me to report it, I got to make like three clicks. And that's really, really annoying. Okay. So it's like, I want to report, you know, hate speech. They make me write a freaking article as to what it is, right? Like, no, I want to report it. You guys do that. Put it through your bot. Look for key words. Like, I want to be able to have more options to report something in a specific way. Like, I'm Twitter, for example, when someone is pretending to be me, it's almost impossible for me to report them because they're asking me for my ID and I have to upload pictures and all this stuff. It's very easy for someone else to report somebody impersonating me. It's very difficult for me to report someone impersonating me. I don't know what their reason is for doing that. But they have made it so complicated to actually report what you want that I don't see this thing going forward anytime soon. I'm still seeing it going backwards. I also question whether YouTube actually uses their spam filtering tools like you're saying it takes three clicks to report someone's spam. I see messages with the same message over and over again. I see messages with links, obvious links and Twitter and YouTube is not auto flagging them. I don't know what happened. Yeah. And is it just me or the day like, remove the banning feature from live chat, you now can only time them out. I haven't noticed that. I thought you could still ban them. Double check that. I mean, like, you have the live chat now. Like, I think that they do continue to make it harder and harder to report scams and to report, you know, this stuff not easier. So that's what really bothers me. And if I report someone for spamming, I have to do it on every single reply to every other message within YouTube. Like, instead of like, come on, I just called this guy out for spamming. Shouldn't you automatically know that it's all of his comments? Like, it's really bad. Like, I don't think they're going in the right direction at all. Jeffrey Jones, six weeks, six months or never. Well, mostly, you guys are mostly describing as UI issues, right? It's a little bit different. You've got to separate the UI issues with the actual algorithmic issues. And so I have confidence that they will at least Twitter. YouTube, that's a different story. But Twitter, I have confidence that they're going to do something because even if all they have to really do is start with verified accounts with 20,000 followers or higher. If they only did that, or even 40,000 followers or higher, if they only did that, that would just cut out a huge swath of this of these of these scammers accounts that they can scam. And again, it's just it's so easy to actually search again, verify, look at the image check. I mean, it's not a difficult thing to do. I think it's possible. I think they're going to do it. And I think they're going to crack down. But again, you know, I wish that there were fewer clicks to do these things. For example, on the YouTube, when I see a clear blatant spam or ICO advertisements, you know, I just right click hide user, right, which bands of the user so they can never come back. It is only it is two clicks, right. I wish it was one click. But, you know, the algorithms aren't going to, you know, the spamming algorithms aren't really going to improve too much over the next, you know, a couple of years or such. But the ability to take scams down will continue to improve my opinion. So for example, I don't think that they're going to do any better of taking down hate speech on Twitter, right? But I do think that they can do something about these freaking crypto scams because again, there's going to be, they have to have an incentive to do it. And there's people losing money like, probably by the hundreds of thousands of dollars, you know, from these from these bots or more, right? So I think that Jack is going to, because he is, Jack, remember, I don't know if you guys know, but Jack is a fan of Bitcoin guys, right? He is a fan of the crypto community. So he he under he sees what's going on and things like that. And so I think that he'll definitely do something with this because again, crypto Twitter is the most important community in crypto right now. It's the biggest, not the most important, but it's the biggest. And so you really got to try try to cater to that and try to cut down the scams. All right. Let's move on to predictions or story of the week. Andy Hoffman, are you ready with a prediction or a story of the week? Oh, well, I have an obvious thing to to talk about and that's going to be the big Denver meetup on April 25th, which will be a World Crypto Network event. Vortex will be there. I will be there. Adam Myster will be there. Mike Krieger, Jack Mellers will be there. And I have heard that there's going to be one or possibly two other very high profile Bitcoiners there. We will have the details out soon. It'll be April 25th. And it will be an absolutely amazing event. I look forward to it. And that's in Denver, Colorado. Yep. All right. Ton Vays prediction or story of the week. Sure. Andy, tell Michael, I said hi. I've never actually met him in person, but we've definitely communicated. Why aren't you come, Ton? I can't. I'm in Russia. Okay. I'm speaking out of confidence in Russia. It's a little complicated. Unfortunately, the time did not work out. Otherwise, I would have strongly considered it. But yeah, in fact, like like Liberty Life Trail, I actually was watching his website. I'm like, hey, I actually, it's like the same 1990 style website that he used to have. I'm sure he re I'm sure he re did it. So it's like my my website is a bit of a tribute tribute to his. But um, okay. So I'm looking at the price of Bitcoin right now. And I really like what I see. I really like this reversal candle. Thank God, we only have four candles down. And the way this candle has ended, it's really only three candles down. So I do like it. And now we now have lots of resistance back above. So we have to slowly get through this resistance. This is a very difficult trading period right now. If you're a if you're a hotler, I mean, you're fine. If you're an active trader, you're just in the middle of nowhere. You have the 50 day approaching the 200 day, the 200 is support. The 50 is resistance. You're flirting with this trend line. Um, but I really like this reversal hammer candle. Now don't get fooled by the giant red volume here. The difference between this volume spike being red in green is literally a matter of a few dollars. And guess what? If I zoom in on this, right? Basically right now, you can see how this green candle is almost above the red body. So that means if we go up, I don't know, another 30, 40 bucks in the next minute, the difference between this giant red volume spike being red in green is literally the difference of five minutes in a 24 hour day. So to me, this volume spike is actually not red. It's virtually green because I like the fact that it bounced so strongly. Now I would still want to see the price of Bitcoin rally above 95 hundred over the next 24 hours and close there. And then I will be significantly more optimistic. And this is the only, this is pretty much the perfect place to create a low that does not put the $6,000 low in jeopardy because if we closed in the vicinity, if we went as low as the $6,000 low, I would have been a lot more bearish Bitcoin than I am now. I'm still not fully bullish yet, but the grassroots to go bullish are coming back, though I would wait for the price to rally above 95 hundred. All right, thanks, Tony. And Jeffrey Jones, a prediction or a story of the week. Oh, Tony, we all know red candles are scams. All right, let's see here. So yeah, I just got a second Andy's statement there you guys, you got to come down and check out the World Crypto Network crew. There we're going to there's going to be so many people there at Denver, Colorado, April 25th. Come see us, come check us out. You guys can check out the information on my website, the one vortex. I have a link there. I'm sure that we have a link on Andy's website as well somewhere. So you guys got to come down and check that. I'm really, really, really excited about that. That's actually vortex. It's actually bolder blockchain that's sponsored. So that's where the details will be, but of course as soon as we have them finalized, we'll market them like crazy. So yeah, so bolder blockchain guys on meetup. So definitely check that out and I hope you guys can make it down as far as my my my story here. Well, we'll first real quick too. You know, I mean, I'm quite curious. I have to agree with Tony on this reversal candle. I mean, this is really is looking nice. I really want to see how the weekly candle ends to see if we're going to be bullish next week. But yeah, very interesting stuff guys. I'm glad I'm really looking, I'm really happy about this reversal candle. But my story of the week is going to be something hilarious. Just happened today. So it's not really a story. Maybe of the week, but story of today because this is just hilarious guys. I don't know if you caught it, but the the PAC coin took number three on market cap today. And it was absolutely hilarious. You guys got to see this because there's I've tweeted it out. There's all what the hell is a PAC coin? So the PAC token tone to have trillion, you know, 7 trillion units. There were all the tenth of a penny. And because there was just about 30 Bitcoin in volume, boom, it had a $38 billion market cap and took number three on coin market cap for a few hours there today. So I just wanted to bring this up to again, demonstrate guys how market cap is completely game. At this point, it is absolutely ridiculous. If you can print trillions of tokens and then you know, buy one token for a dollar, not only got trillions of dollars in market cap, it's just absolutely ridiculous. So just keep that in mind guys when you're trying to evaluate these tokens, when you look at this craziness like ripple, it's it's not worth billions. It says it's worth billions, but I assure you it's not worth billions people. It's really not. And we're going to see, we're going to see a bunch of these tokens, you know, start really getting affected when Bitcoin starts to roar this year and into next year. And of course, they're having. And that's my story of the day. All right. And my story of the week is that I'm in Las Vegas. You can see the MGM grand behind me because I'm in the MGM grand. And I'm only going to be here a couple of days, but I hope to see everybody. We're going to try to do a very small meetup on Tuesday, probably Tuesday around seven o'clock in a bar. Maybe we can find a Bitcoin type location or something good like that. But I'll be putting the details out on the MadBitCoins Twitter account. So if you are in the Vegas area, we're going to be doing a meetup. So be great to see everybody there. Just having a good time here. I went to the Blue Man Group last night. I'd never seen anything like that. It was very creative and colorful and just very different, very different show. So it's fun to every once in a while take a vacation, even though the price of Bitcoin is not making it a great vacation. But hopefully we'll be fine and it'll all turn around. So thanks so much for watching. We'll be back next week. Be sure to check out the Bitcoin News Show this Sunday with the Vortex right here. We've got the Tonve show on the audio podcast. Be sure to subscribe World Crypto Network audio podcast. And Andy's been doing almost daily audio blogs right here on the World Crypto Network. You can subscribe below. Thanks so much for watching. Until next time. And also thanks to Lee Camp from Redacted tonight from being on the show from RT. He's not here now, but thank you Lee and Max. Max Kaiser. Where are you? Do you have some free time on a Friday? We'd love to have you Max. I know you're very bombastic. We love your opinion. We want to see you. Also real quick. Slush is going to be on the show this Sunday, guys. So check out the Bitcoin News Show on the World Crypto Network Sunday at 12 o'clock Pacific. We're going to have slush the original freaking crater of the of mining pools, crater trezzor, slush the man will be there. That's great. Good stuff. Slush is great. We got to meet him in Prague. Tony and I interviewed him. But thanks so much for watching. Until next time. Bye. Bye.

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