The Bitcoin Group, the American Original. For over the last 10 seconds, the sharpest Satoshi, the best Bitcoin, the hardest cryptocurrency talk. We'd like to welcome our panelists, Gabriel D. Vine from Future Rant. Hello everyone, thank you so much for having me and hello posterity. I hope things are good in the future. J.W. Weatherman from mathbot.com. Hey guys, thanks for having me. Theo Goodman from Proof of Work Media. Good evening everyone. Jeffrey Jones from the Bitcoin News Show. Glad to be talking Bitcoin. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one, IBM versus Bitcoin. It started with a non-stop advertising. IBM is changing the world by putting a diamond on a blockchain. But it ends with Forbes throwing down the gauntlet. Contrary to what you might have been taught in school, big blue believes that you do not need a token of value to secure your blockchain and that using the blockchain as a decentralized database will be more successful than using the blockchain for a decentralized cryptocurrency. Gabriel D. Vine is Forbes right. Well, I did not read the article. I usually skip everything from Forbes. And there's about 900 warnings and all sorts of bullshit. I'm just wondering. And I'm sorry. I'm sorry about this stupid GDPR thing. Like it's absolutely killing business here. It's going to be down another three steps. I mean, so IBM, I don't even know. Just get me. J. W. Weatherman. I love it, man. I love that it's IBM. Like could you ask for a more quintessential? Like the only thing that would be better if it was like maybe HP. Like just an old crusty stupid company that hasn't been interesting or relevant for a really long time. And it's so bad that even Forbes can correct them. Like if I don't know, they should they should definitely be embarrassed about about this nonsense. But they're probably able to raise money on it. I don't know. They've just been a, you know, basically a consulting company in my mind for a really long time. And not even a particularly good one. So so I'm kind of like who cares. But I am encouraged that that they were smacked around a bit by it. The commercials assure me that they've got this diamond smuggling thing under control. Is that true? Oh, yeah, absolutely, man. They've completely solved the problem of physical assets being able to be stolen or transported or used in any malicious way at all. Like they've mastered the molecules in the universe and you just can't do anything bad with diamonds anymore. It really is so stupid, right? It's so laughable that yeah. Yeah. But I mean, it does kind of, I guess it's worth talking about the fact that the reason that Bitcoin is so amazing and the reason that I struggled for a long time to like have interest in it with thinking that, you know, if it's digital, it's not as good as something that's physical, right, to use as money. And then if we could find a way to use something like gold as money, we'd be better off because it would be easier for people to adopt it. And it's just more natural and, you know, maybe you could, it's easier to prevent theft or whatever. But the great thing about Bitcoin is none of those things are true. It has to be digital in order to be really, really hard to steal. And that's why one way or another, we're going to end up with a digital money because it just digital items just simply work better for money. And I think a lot of people are going to struggle with that. But once they, you know, I don't know. Now I want to say a lot of people are going to struggle with that and then they'll get over it. But after CFD and interview the other day, I love the idea that like they'll never understand it. It doesn't matter. There's no more than people that that were using seashells had to understand the gold was better. All they had to understand is that seashells became worthless over a few months and then they had to use gold. So yeah, but yeah, physical physical money is not the way to go anymore. Bad news for those holding seashells. Theo Goodman. I like physical money. I don't think it's over for physical money. As far as IBM is concerned, they need exposure because they're doing a lot of business in the private blockchain or what's referred to as DLT distributed ledger technology and all that kind of stuff. And they just need to profile themself as a blockchain company now. And I think this is just part of that whole thing. I don't even think it's very, I don't think that they think they're going to do better than Bitcoin. I think they're, the people are not completely stupid there. They just need, it's just part of the PR basically. So I think that's just part of their advertising and the PR. And I think seashells can have a lot of value if they're given to you by someone because you did something good to help them and then you put it on your house and everybody knows why it's on your house. A seashell of love. And we just like to ask everyone to give us a thumbs up. We have a blockchain based thumbs up discovery system. The more thumbs up that you give us the more people find the show and we're going to put it on a blockchain and we're going to link it up with IBM. Jeffrey Jones has blockchaining saved the world like IBM says. Oh my god. Well, this is, this is pretty typical. A little bit has been already said about this, but essentially IBM is no longer relevant. They have, they have literally got out of anything to do with any type of relevancy when it comes to technological innovation years and years ago. They are only now surviving off of consultation and patents. That's the only thing that is keeping IBM afloat. They have not contributed nearly anything to really to the overall computing space in many, many years. They essentially now just produce data centers and even then outsource most of the software for that. So it's, it's really kind of funny to have these companies like these, these companies that used to be relevant 20, 30 years ago, try to comment on the latest technology that we're trying to innovate with today. It's completely ethical, completely makes no sense. You have to, we've said this on the show so many times, Thomas, that, you know, blockchains are extremely inefficient. They are not good databases. They will not replace databases. As a developer, I can tell you right now, blockchains are not going to replace databases. We still need databases for all sorts of myriad of things, you know, from just basic, basic tasks to mom and pop shops, you know, to scale all the way up to powering things like AWS and Microsoft Azure. This is how the world operates on a standard and a database is just a basic ledger anyway, you know, the difference between a database and blockchain is the blockchain is way, way, way more efficient because it stores the records on every single node across the planet. And again, it does that for a very specific reason so that it can keep censorship resistance so that it can stay decentralized. This is the most important part about Bitcoin and still these companies are stuck in 2016, not understanding that it's Bitcoin, not blockchain. They're still trying to say that blockchain things are relevant. I mean, R3 are already through in the towel recently, you know, where last year already saying that their blockchain inspired now, they're not actually blockchain. They went with the DLT route. So now they're, as Theo said, you know, this distributed ledger technology is what people are touting trying to stay relevant, these large old school companies that again produce nothing new. This is, this is the writing on the wall when you see these old companies try to downplay this stuff again, just like Jamie Diamond, eventually they will all capitulate. They will all understand why blockchain is important, why it's here and what is the best blockchain and just look at the scoreboard. Bitcoin is the only public decentralized blockchain at scale in production today has been for years and likely will be for years to come. You know, EOS and all these other ridiculous tokens they haven't even launched main nets and if they have, it's it's it's it's going to be hacked. It's going to be 51% attacked and there's going to go nowhere. So that's basically, you know, what people need to understand is this is just enough to have another, you know, virtual signaling, this is just trying to stay relevant. This is just another old school company trying to comment a new technology that they have no idea about. You know, I think vortex makes a lot of really good points and I'd like to expand on two of them. One, mentioning that these mature technology companies have trouble with innovation and are, their hands are tied by, you know, red tape and that's a typical phase in the life cycle of companies. In fact, there's a guy I believe is name is a Zorase. He's a famous guy been around for decades, you know, in business theory and doing business education. My dad actually took them like an executive or a management course back in the 80s, I think, with him. But he's got he's got this great system where, you know, the startup, first there's like the phase like before it's the it's the like the romance before you even do anything and then you go and then you start, you know, working it out and then you're like an infancy and then you can go into go go and you start making lots of money. It's going crazy. That's where a lot of these early stage startups are and then you go through a couple more phases and then you hit your peak and then after that is the bureaucratic phase and that's actually the first like phase of the downfall and you can tell these companies are already in their downslide even though they're maybe making more money than ever before because they can't do innovation anymore. They've bureaucratized the innovation out of their companies and that's exactly what Microsoft, IBM, these giant tech behemoths. Even I would say Google is probably heading from peak into bureaucracy now ish. They might you could always, you know, save things by doing maybe a big restructuring but it's very difficult with these large companies. Regarding, you know, this blockchain thing, I actually just wanted to ask the panel and our live chat and all of our viewers because Vortex mentioned, you know, they're taking it back to 2016, I believe he said, but really 2014 is when all this bullshit started and I was wondering if anybody is actually using because basically what they did was, oh, Bitcoin is really great. So let's try to steal the thunder and try to get some things maybe try to raise some money, just raise some, you know, throw out some junk bonds, ICOs, whatever and you know, makes the money for our consulting arm is basically how they looked at it and they threw billions upon billions. It must be 1500 or maybe even hundreds of billions at these, I could be wrong about that. And I know it's at least 10 or 20 billion on these blockchain quote unquote projects and distributed ledger tech projects. Are any of these like private or consortium federated blockchains, check out JWs federated video, it's very good and that's basically one step, you know, better than a single person owning it. You know, are there any of these private blockchain projects actually in production and being used by you know, multi million dollar systems? There has only been tests, only been tests from R3, you know, it's trials, it's all trials. It's on and on and on, it is trials, it is tests, it is testing up between company to company, it is basically the ecosystem right now figuring out the Bitcoin is where it's at and it's going to take a while, but this is where they're at right now, trying to go through all of these ridiculous things like hyper ledger and on and on, the trying to imitate the utility and efficiency the Bitcoin can bring us and it's just been falling on their faces. Years later hundreds and hundreds of billions of dollars later, it went from blockchain to distributed ledger technology to whatever the hell they're going to do next and nothing is ever has come to fruition yet. Yeah, the German rail is, you know, pretty, you know, it's not live, of course, it's not live, but they have the most, I believe, of course, I'm not 100% sure, they have the most projects in production and they're doing the whole lot with it. And you know, okay, so I don't think a lot of these companies, they don't want Bitcoin, but they don't even want to use blockchain for a value transfer like Bitcoin is, they want to do it for time stamping or I don't know, some kind of smart contracts and things like that. I was talking about anything. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, I totally agree with that, you know, is it being used? I think they're the closest, I mean, of course, nobody knows because we're not in the coming, but I believe they're one of the closest to actually, quote, being used, but I don't know the exact project, but I was just talking to someone yesterday about it because if they were on a time stamp, let's say for instance, they wanted to time stamp the actual arrival times of trains to make it more transparent that it's actually true, that wouldn't really be great to have on a private blockchain because what's the point then? But the other thing is that even if they did want to use Bitcoin, it would be really difficult for some things because for example, if they use, no, no, no, no, not a lawyer and all that, but you can't get insured, if you use a public chain, they might be at risk of not being able to have insurance for some of their activities that they're doing because they can't control that. You see what I mean? But if they have a private blockchain, then they can trace back in a pretty transparent way, you know, who controls what? So they're also in a tandem about, you know, some of them, or they think they can't, or it's not clear legally if they can, they'd have to like restructure the whole company and all that. So it's a little bit of both. It's both the bullshit and it's both, they just can't. It might be unsafe for them to store like if you were a law firm and you tried to store a document on the blockchain, who really is owning that document? Who's really keeping it safe for you? You can't really say. But if you try to store your document on the Microsoft blockchain, then you can trust Microsoft because Microsoft's got it. And obviously they must be tracking diamonds and other supply shipments on these blockchains. They won't stop going on about these supply shipments. What it really shows you, I think, and they're not saying this in the commercials is the industry never updated from paper bills of lading. They've still been moving all these goods around with paper systems. You know how you think in your mind they'll have a little phone and they'll scan this and they'll scan that and they'll dump the oil in the bucket? No, no. They're moving all these things around with papers and signatures. And instead of switching to a non-paper system, they're switching to a blockchain system. Isn't that it? More on that JW? Ready to go to the exit question? No. Actually, I was just thinking about what Vortex was saying about how there's nothing live, right? Like it's all just hype. And I think that it continues the trend that the valuation that these projects have is directly, or is inversely proportional to how much they've actually produced. Because if you actually have something that exists, it's a lot harder to sell sunshine and flowers and this is going to solve all the problems of the world. So these projects, they're not dumb to make sure that there's no code or very little. And if there's any criticism, it's, oh, we're just in beta. Because once they go live, everybody will see that it's just vaporware, right? There's no close on the emperor. The one project that I think is interesting for this sort of stuff in the long term, well, two, both of them are a block stream. One is simplicity, which would, and there's other projects like this too that will bring smart contracts to Bitcoin and allow for all kinds of interesting applications. And the other is the liquid side chain. The problem with both of those projects from a scammer's point of view is that one, they'll actually work. So they're harder to sell, you know, all the bullshit, like we said. And two, they don't require another token, right? They're powered by Bitcoin. So I think what we'll see is there'll be some interesting stuff here. But as usual, like the scammers will be the first people to show up that will sell nonsense than the real technology will arrive and be pretty awesome. Well, I want to add one more project, which of course is Peter Todd's open timestamps. This would, you know, this is what Peter Todd has made this for. He's basically designed this so that we can use Bitcoin for exactly this, for exactly what what these private blockchains are describing that they that they want to be. And remember, it's not uncommon for banks or other large systems to do huge trial programs like this with programmers, with marketers, with a whole group of people working on it for months and even years. And then to say, well, we can't do it. And there might be a good reason for not doing it. There might be a bad reason for not doing it like it's more efficient than your current system. If you think back to general motors, they had the EV in the 90s and they had the hummer. They had to get rid of the EV because it was so fuel efficient. It made the rest of their line, especially the hummer, look like gas guzzlers in the same way. If the bank really produced a superior system, they would be destroying their own system where they make all their fees. It's not so much about switching to a new system. It's more about transitioning away from the old system as long as they can, as long as they can keep making their fees. They're going to stick with this old system. Well, let's move on to the exit question. How much further will this blockchain, not Bitcoin, nonsense go on? Six weeks, six months, or forever, Gabriel, divine? I'm going to say we're looking at a solid three more years of total bullshit before the wider society begins to catch on, or at least the decision makers that have lost a lot of money. There's a bunch of jackasses out there that didn't do the proper research who are now millions and millions and billions in the whole because they spent money on these stupid projects that lost everybody their investment. I'm going to say three years, then things will begin trailing off for another 10. Three more years of winter from Gabriel, Devon, JW Weatherman. I was actually going to say two years. I think it all lasts for another two years. I think it'll drop off pretty drastically, though. I think at some point the tides will shift just like with, I don't know, machine learning or whatever the buzz word was three years ago. I don't even remember what it was three years ago, but there was a buzz word that everybody was really excited about all across ITEC and it was nothing. And private blockchains will be that. But I think they've, I agree. I think they've still got a couple of years of legs left on them. Let me tell you one word about the future. That bots. Theo Goodman over under two to three years. What do you got? Over definitely. And maybe there, maybe there is some kind of strange use for, for private blockchains, but we just don't know yet. You know, it's possible. It could be better than a database in some cases. Yeah, I agree. We really don't know, but it doesn't seem like there's too much. Certainly nothing. There's no low hanging fruit. Let's put that way. I think you could use it for a digital currency. Jeffrey Jones. Yeah, well, I mean, our three already raised hundreds of billions of dollars on the prospect of being a blockchain technology company. And then overnight switched switched up and said, by the way, we never actually said we were a blockchain. So people can go for a while and take hundreds of billions of dollars and then completely switch, like you said, Thomas. It's they can switch overnight. And I mean, how long is this going to last? It's going to last until the VC stop giving these freaking retards money. Stop throwing money at this and then it'll stop until then if you're going to keep if crypto kiddies is going to raise nine million or 10 million dollars, whatever it is. If you're going to give a company a project like crypto kiddies, 10 million dollars, then yeah, this is going to last a little bit longer. So do more research and stop investing in these ridiculous, ridiculous ideas that are most likely go nowhere and focus on the innovation, focus on where the developers are innovating. And that is on Bitcoin. I think that crypto kiddies is good. It's on public blockchain too. And and also, yeah, that's true. I like the, is it 10 million dollars good, CEO? Well, that's up to the VC, the people invested it. They can risk that. That's up to them. I mean, you don't have to. Nobody has to buy their own. They did make their own product. Crypto kiddies is a product they made it. Someone bought one for 140,000. So I don't know. I also talk about how there's it's not a simple. Why I say that it's not sovereign artwork, but that's a kind of technical discussion. Do not get total off track. But as far as the just one thing about like R3 kind of pivoting and saying, we don't need blockchain. The next step that's coming is there's going to be different things like hash graph and gossip protocols and all this stuff. But it also is like private semi private stuff like Iota, for example. You know, they say they're not a blockchain, for example. You see what I mean? So the trend is going in that direction where people think even these other ideas that they think are better than blockchain. And in the end, it has some kind of central point of control that they don't want to say the central point of control. But then when it goes live like Iota, we're seeing where that plays a big part in it. I just want to point out that your point absolutely stands. Although, gossip protocol itself is not part of that. Gossip protocols have been around since the 80s and they're used in Bitcoin. Yeah, I know. I'm just saying they used that catch phrase. That's one of the new catch phrases that's going to be coming a lot. You're going to hear more and more, especially with private stuff. And I just like to say that Iota is complete crap, completely not secure. And you need to do your research if you're putting any type of money into that thing. Especially when you look into their white paper that was completely plagiarized. I think it's going to be difficult going forward. It's like your favorite ice cream manufacturer is suddenly making non-dairy ice cream. And they're using non-dairy milk. And they're getting it from non-dairy cows. You're supposed to think everything's normal and everything's all the same. But it's not. JW, more on this issue? I was just going to say completely agree with four techs there on Iota. But I also want to put out the disclaimer. If you don't want to listen to four techs and you're pretty sure you want to put money into Iota, anyway, I hope that you put in as much as possible. Like I really want you to go all in on it because that's the best way for you to improve the world. It's like you're standing next to the craps table telling you to put it all on hard age. Just keep going. Just keep going. Let's move on to issue two, tail spin. Google searches for Bitcoin plummeted this year, dropping more than 75% since January. With this decline comes a malaise, a lack of interest in Bitcoin and even a lack of interest in these videos. Subscribers are indeed down, but you can subscribe now and reverse that trend. The article suggests that Bitcoin needs a new narrative to reestablish global attention. JW weatherman, are they right? Does Bitcoin need a new narrative? And what might this new narrative be? Nope, nope. The old narratives as good as ever. The price is a pretty good indication of that. People like me that got in at the all time higher a little, you know, we're having to pay our dues. But if you look at the fact that the price is so high from where it was just three or four years ago, the adoption of Bitcoin as a store of value, as a secure way to save your money from central banks, screwing you over, is a great narrative. It's a true narrative. It's being proved out day by day. More people are learning about it and it's coming at a great clip. So we're also adding things to make transactions easier. So by the time we really need that, because right now I wouldn't suggest anybody spend their Bitcoin, frankly. But by the time we're at the point where the price is, you know, leveled out, we have full global adoption of the new money that that's safe. A dean explains will happen because it's an economic truth called a Gresham's law. Yeah, it's a great story and it doesn't even matter if people totally understand it. Theo Goodman. Rect dump it all. No, I think that it doesn't matter at all. And people just like to buy expensive Bitcoin, you know, and that's why they're, they only like to buy expensive Bitcoin. Nobody likes to buy cheap Bitcoin. And so they're not searching for it. So when it gets really expensive, then everyone's going to search for it. How do I buy it? How do I buy it? How do I buy it? And then they're all going to complain later. And then they'll, you know, they'll either those stay with Bitcoin or they'll go on to other stuff who knows. But as far as interest declining, I disagree. I think this is a lot different from, I mean, from my perspective, what I'm seeing, it's a lot different than 2014. I was, I try to compare like a lot of at least the price and some of the things. It's very similar to 2014 after the big run up to a thousand. And the difference now is the number of meetups. Of course, a lot of the meetups are like blockchain, blah, blah, whatever. But it doesn't matter. All those people at the blockchain, whatever meetups that are all growing and stuff, they get in contact with crypto and Bitcoin too. They all have heard of it and they get in contact with it. So that's going to be something they're going to have to question, you know, what they're doing is that the right way or not or shouldn't I get some Bitcoin too. They all are getting exposed to that kind of virus in all of these other events, even though it's just called, you know, private blockchain or it's an ICO event or whatever. All of them are getting exposed to the same ideas. So I think it's really weird. It's really growing a lot actually. If everybody is going to reject the question, I want to reject the question too. I was just thinking this means that Theo and me have done a really good job and that thanks to the work of the world crypto network and everybody else here, that everybody knows about Bitcoin and they know about blockchain and they're not searching for it anymore. And they're like, yeah, of course, I know about Bitcoin. I need to Google that. It's like, you know, Google thinks you know about Jeffrey Jones, your thoughts. Yeah, not a whole lot of people visit internet.com anymore. Not a whole lot of people visit AOL.com anymore. And so yeah, I mean, once people already know about the concept, but yeah, no, it's this type of narrative, you know, this struggling that they try to do. They always try to push Bitcoin down all these mainstream media articles. And of course, struggling is just complete BS. This was $1,000 January of 2017, you know, a few hundred dollars the January before that. This is market cycles Bitcoin basically, excuse me, Bitcoin goes up about thousands of percent and then drops about 80%. Every time it's done this many times and it will continue to do this. And this is all a part of its market cycles as it goes on its S curve adoption all the way up. And so we're going to have another run up. When we go to 100,000 people are going to again say that Bitcoin has dropped to $50,000. So it is struggling. It is now struggling because it's dropped 50% this year from $100,000 to $50,000. And it absolutely does not need a new narrative. The narrative still is the same. The narrative is still very clear, which is to take on the Federal Reserve, to take on the Central Banking paradigm that we've used for the past few hundred years that have caused nothing but world wars and famine and, you know, the severy and destruction of the actual government's people, the theft of the people's wealth through things like inflation and these horrible monetary policies. This is what Bitcoin is here to end. This is what Bitcoin is here to destroy. I only follow one account on Twitter for a reason to bring this back, to bring attention back to the reason why we're all here, the reason why we got into Bitcoin, the reason why proof of work exists, the reason why blockchain came into existence is because to take on the Federal Reserve, this is the people's direct answer to Central Banking. This is the people's direct answer to 2008, to the financial crisis, to the world wars and on and on and on. So again, people just, you know, you need to read Safety in the book, but the Bitcoin standard, I recommend everybody to check it out, but it's very clear. We've had two world wars in one century. That is absolutely unheard of and ridiculous. And the reason why is because of cheap money, because they could just print money out of thin air. So this is very, very important. The narrative does not need to be changed at all. You know, and as Safety and Says, you know, Bitcoin is just an economic, an economic certainty that will assert itself, whether people like it or not, it's going to come, that's going to be here. And you need only to look at the scoreboard. Look at the US dollar and look at Bitcoin. Look at the scoreboard. Bitcoin will continue to eat the wealth of all of these things that you think has value like stocks, like bonds, like the US dollar and fiat currencies. Their value will be sucked in. And this is just another example of the system, fighting its, fighting back, trying to say that, oh, the narrative is down, nobody cares about Bitcoin. But really, as the panel has said, innovation moves forward. Segwit is now, now over 45% of the network, lightning network is now live and being and evolving at record pace. And this is where we're at. Bitcoin continues to grow and evolve. Gabriel, Devon is Jeffrey Jones correct. The virus has taken hold and the host has no chance. Yes. And not only that, I'd like to echo War Tex's sentiment about this scoreboard struggling. It's really funny to see them put that in the headlines. And not only is it extremely misleading and totally corrupt to say things like that, but it has a real effect. And I was going to save this for my story of the week. But a colleague of mine was like, oh, yeah, I got to talk to you about Bitcoin sometime. I still don't get that thing. And I heard that it's gone down a lot. And so I'm kind of staying away. And this is exactly the type of media coverage that continues to make people poor, which is the point. These media organizations are owned by very few corporations. And they want to keep the power. They don't want you to be financially independent. They don't want you to have access to sound money for the first time in 100 years. And I've been having this conversation a lot with family and friends recently. They're like, oh, I heard Bitcoin went down a lot. You must be upset. And I'm just like, well, it's up 700% over the last year. So I don't have that much, but that's pretty cool. I could buy seven times as many popsicles as I could last year. And then I say, you do realize that Bitcoin is attempting to take the mantle of sound money, something that hasn't existed for 100 or more years. And they don't want to hear it. It's like an immune reaction. Because they know that if they go down that path, they'll have to do a lot of work to change their belt on show. How do you say that in English? A view of the world perspective? Theo, help me out. That's right. World perspective, that's good. Yeah, their world view. And it is a lot of work. And as J.A.W pointed out, this is a reality that you're going to have to deal with whether you understand it or not. Bitcoin will be sound money in the world, whether you understand it or do the research or anything like that. It's not like this. It's not like, oh, well, I want to use Snapchat, but my friends use some other very similar social network. And there's seven different competing ones. That's not how it happens with money. So struggling my ass. And people do have to take the risk. It's not just, oh, I heard about Bitcoin and now you're rich. You have to hear about Bitcoin, go read about it. You have to take the risk of sending your money off into some hole it might disappear. You might get stolen. You might send it to the wrong person. It's very easy. It goes up. It doubles. You sell. I know people that went from $10 to $20. They're out. They made a great deal, right? But you didn't know it was going to go to $7,000. All of this, no one knew. So advice though, when I heard about Bitcoin in 2010, it was too much work for me to get into. I thought it was World of Warcraft money. I heard about it three years later. Oh, I felt bad. You know what I know? But the people who did the work early, they got into it. When I heard about it three years later, I did the work. I got into it. I put my meager savings into Bitcoin. And now five years after that, I'm saying to you the same thing, do the work. Put your meager savings in, maybe buy it, dollar cost averaging, $100 a week, or $10 a week, something like that, put it in slowly, give it a try. Again, you're taking the risk. If it goes up, you might sell. If it goes down, you might sell. We don't know. No one knows. But take that risk and live with it. Or if you can't take the risk, don't feel bad about not getting the reward. It's their linked. And there's more. There's lots of been written on that. But let's move on to the exit question, the price of Bitcoin. This time, next week, higher or lower, JW weatherman. I'm going to say higher, but just because I feel like sandhigher. I don't have any reason to think that I know what the market's going to do in the short term. But this is what I do know. I do know that the average lifespan of a government-issued currency is somewhere in the 20-year range. And so there are going to be this year, I don't know how many countries there are in the globe, but you could do the math. There's going to be some currencies that fail this year, just like there were currencies that failed last year in the year before. And that is a great advertisement for Bitcoin, right? Our competition sucks so bad that they go bankrupt on average every 20 something years. You just can't ask for anything better than that. So I don't know what's going to be in the next couple weeks, but even though I bought it the all time high, I am still feeling very good. Well, it's great to be included in the game of currencies. I read the article this week from Venezuela and they're talking about how much they hate the boulevard and how much they love Bitcoin. And all we need to do is be in that conversation where you're like, oh, there's the dollar, there's the boulevard, there's the Bitcoin. And pretty soon you're like, oh, the dollar, the pound and Bitcoin are pound the dollar and Bitcoin. Well, let's go on to Theo Goodman. The panel is trending higher. Are you sticking with that? Dump it. Jeffrey Jones, it's a mixed panel higher or lower. Now, I mean, Bitcoin is definitely going to be going sideways for a little bit here before we have another boulevard, you know, somewhere in the fall. Higher or lower and now a push, Gabriel Devon, can you break the tie? I definitely cannot. I am also voting for flat. Oh, we're going to just say higher because it always goes higher on a long enough timeline. Did you know the World Crypto Network has its own audio podcast with even more shows than you get on the YouTube channel? Look, we've got the JW Weatherman Show bit. I wonder what that's about. And the Adam Meister Show and Andy Hoffman and much more on the World Crypto Network podcast. Subscribe today, it's free in iTunes and a cast. Moving on to issue three, international Bitcoin mining. For far too long, Bitcoin mining has been centralized in the People's Republic of China. But it looks like all that's going to change. With a major mining operation opening in the United States, a province in Quebec, Canada, having so many power requests, it much shut them down and even a company in Japan launching their own Bitcoin minor to compete with BitMade. Theo Goodman, which one of the events is the most exciting and is the Bitcoin mining virus finally beginning to spread? Worldwide. The virus is spreading worldwide. It's good that there's competition in mining. It's really needed, you know, that there's competitors producing different mining equipment. So that's good news. But let's not get too excited. Let's see it, you know, let's see it first, you know, how crypto is. And then evaluate if they really do, if they're really building what they say they're building, you know, let's get these things operational first. So it does not get too excited. But it looks like definitely the mining virus is spreading big time. A lot of people are interested in it, trying to figure out how they can make money with it. And if you want to make money being a miner, you got to go big or go home and you got to go real big. So this is some real big boys, you know, trying to get into this. So let's see, I mean, if they get it right, you know, they could they could really make a whole shitload of money, honestly. So people see that and they're going to go with that risk. And also, even if the miners are not that as good as they say, they are, they are the first batch we bought up. So they maybe can break even on that. Breaking even, it's not good enough. Jeffrey Jones. Yeah, it's, first off, I just want to say that anytime I see the word cloud mining, I want to run away far away. So make sure that you guys also take that into account that this the anytime you see cloud mining, try to, you know, do your due diligence for sure, because so far in the past, these have all been pretty, pretty horrible scams for the most part. It's still far more efficient to just directly invest into the underlying asset that is Bitcoin and set an investment to this crazy huge cloud mining schemes and such like that. But, you know, mining is still a profitable business and will continue to be a profitable business for a while as Bitcoin utility continues to grow. So we're going to see more and more mining across the world. And for those that have been in Bitcoin long enough, we've seen this as an inevitability for many, many years. Not only the fact that mining is going to take over, but mining will become more and more decentralized. We have reached peak centralization and we are now going over the hump to more decentralized mining infrastructure. We have all sorts of technologies that are in the works to make this happen, but the biggest economic factor is, of course, that, you know, when China started the regulation, the regulatory, basically they started posting all sorts of the regulations about Bitcoin and Bitcoin mining that drove all sorts of players out of the country and across the world. And so now we're seeing, you know, people come to Canada, people come to New York, people are going all over the place and Bitcoin will continue to, the Bitcoin mining, you know, will continue to further spread as long as it's profitable and it's going to be profitable for the foreseeable future, at least that we're looking at now. And, you know, around the world, if you look at the price of mining of Bitcoin, it's, you know, between $6,000 or between $2,000 and $4,000. And so that's almost doubling. You're almost doubling your price. And there's a few people out there that can get the prices really low. And so in my opinion, this will only drive more efficiency. This will only drive more energy efficiency. Create the world's largest greed movement that you've ever seen and we'll look back in history and say, I didn't know that Bitcoin was actually going to start the, you know, the efficiency race, the energy efficiency race to really get down to the most efficient way that we can do this. And that means leaving fossil fuels. That means going to actual natural energy resources. And so it's going to drive the huge factor in driving that. This was again, an inevitable, an inevitability. And the hash power continues to double every couple of weeks or so. I mean, it's just absolutely insane when you look at it. How fast it's growing. It looks like you're staring into the sun. It's massive. Look at the hash power people. Look at it and watch really, really funny. Watch this, watch the compare it to the Bitcoin hash power. And it's just like Bitcoin going up and VCH, just staying flat while Bitcoin just continues to go. We are now just on an insanely huge march towards powering the entire planet with Bitcoin with hash power. This is, we are now, as JW likes to say, I think, we can power just hundreds and hundreds and hundreds of central banks or maybe with safety. And we can just power thousands of central banks at this point on the base layer for this new brand new open decentralized central banking system that Bitcoin could bring along. You know, where nobody has control of the underlying asset. They can only have services on top of the asset. So I don't see this slowing down anytime soon. Bitcoin mining is going to continue to spread throughout the world. Sure, we could run thousands of central banks, but who would want to? Thanks so much to Theo Goodman for joining us on the show. He had to leave Gabriel D. Vine. Glad you brought up mining in this show, because in my opinion, the biggest news this week is actually Matt Corralo's new proposal and code on GitHub, which he's calling BetterHash. This is a new protocol to replace the existing in insufficient protocol for mining pools. So the mining pool code that people use in order to share hash power has a fairly centralized effect on the mining landscape, unfortunately. And it gives far too much power to the mining pool operators and what the Blue Matt or Matt Corralo storied Bitcoin core developer has created. After having already made a mining communications protocol for just sending, I think it's called fiber in all caps. That was like three years ago. And I think that's helped mining block propagation quite a bit, but this is specifically for pools to give a lot more power to the individual hash owners. So these are the members of the pools who are not the central operator of the pool. It gives them the power to choose which transactions go in blocks. So as to take that power out of the hands of the pool operators and decentralize it a bit more thereby spreading out the power structure in the mining landscape more. Huge thing. And there was also a lot of really terrible inefficiencies and problems with the old protocol that was kind of created. It was kind of the vibe I got. The name of the protocol was stratum, just so the virus went. Yeah, yeah. So I got the vibe that stratum was kind of thrown together because we didn't have anything and it was like, well, let's cobble together from the existing things. And it definitely was way better than nothing because it allowed a lot more freedom for individual operators to come in and join a pool and be able to make a small amounts of Bitcoin and to have the pools grow. But it was really time for something and something he was working on, I think, for at least two years or at least thinking about it and maybe working on for one. And so that's a fantastic development. I'm really, really grateful to Matt for all his work, but better hash is kind of like tipping the scales. It takes it over the top. Now, as you pointed out, Thomas, with many farms opening all over the world and manufacturing starting up in a lot of different places, I think we're really seeing that the centralization, it may go in waves where we're definitely been on a decentralizing trend for at least two years, I would say. And at some point, we might hit sort of a temporary max decentralization. We might see some more grouping together and maybe some consolidations. We could even see corporate buyouts and things like that, merger, acquisitions. And then, but then, as the tech evolves more and better tools come around, we might see reverses. So this is a great situation. I think that we will never be as centralized as we were in the mid teens ever again in the mining. JW Weatherman is Bitcoin mining spreading worldwide. Absolutely. And one of the ways that you can know that there's really good news on the horizon is you can watch and see what the bad guys are doing. So the bad guys have been pushing really, really hardly lately for a proof of work change. And that would cause all of the existing mining hardware to be bricked like useless, right? Or at least far less useful depending on how it's done. And that only could serve people that are basically end of life in their equipment, right? If you have stuff that's about to go bad because it's coming to the end, there's nothing better than having all of your competitors nuked and not really being affected because your stuff is going bad anyway. So because they're pushing so hard for a proof of work change, I couldn't be more encouraged. It's one of the advantages of understanding economics and reading old books is current news is a lot easier to understand and interpret. So I encourage everybody to check out a book called Human Action by Ludwig von Mises. It will definitely change your life if you haven't read something really similar. But I did, I totally agree that like it is amazing what Matt has done with this thing. I think it's going to have a big impact. Matt Kralo is what Vitalik Booterin pretends to be, right? If you wanna see somebody that's like really, really freaking brilliant that started doing amazing stuff when they were a teenager, Matt's your guy if you're looking for the ginger hard. High school man, Matt started this stuff in freaking high school. It's absolutely amazing. Totally, totally. And he's not shipping stuff that's not actually solving real hard problems. And that's, you know, one's vortex guys like me that have been in this industry for a while. It's pretty easy for us to just see through, you know, a nice put together PDF or vapor wear a slide deck or something. And guys like Matt, they just, they go after really freaking hard problems again and again and again and it's just impressive to see that. And yeah, the stratum stuff was a nightmare. I just, just to kind of illustrate the way that this stuff sort of viral and has like an extending impact, I had an idea for a project. I wanted to start it. I spent some time in energy trying to figure out how to do it. And stratum was such a nightmare that I decided just to shelf it. And then I heard that Matt was working on this and I was relieved that maybe I could fire it back up in the future. So I'm sure that that applies to a lot of other people as well that have thought of useful things that they could do to extend and develop the mining protocols. So it's just great. The thing I wanted to say about sort of mining electricity costs is that if, I don't know exactly how much we're spending right now, but I know that it's a whole lot less than this metric that I have in mind. And that is I would like Bitcoin to consume roughly 10% of all of the money spent on national defense spending. Even if it was just the United States, the number of trillions of dollars a year that spent on bombs and missiles and troops and the new jet that's several billion dollars and the new fleet, not one, but an entire fleet of submarines that we're building that are each 100 billion dollars when you factor in all of the maintenance and all that other stuff. If we just take 10% of global defense spending and spend it on something that creates a secure money that makes it very unprofitable or at least very much less profitable to steal somebody's stuff, that is going to be the bargain of the millennium. And so we're not anywhere near using too much yet. And then so go ahead. But yeah, just people need to understand the only reason that you can spend hundreds of billions of dollars on a single missile or on a single machine like a submarine is when money is free, is when money is printed because I guarantee you people, the people will not consent to a hundred billion dollar freaking submarine. I mean, it's absolutely ridiculous, but sorry, go ahead, Tida. Yeah, no, you're right. I mean, what we're seeing is we're seeing my modern day version of slavery where there's nothing that I can do to stop you from stealing my money. And you can spend it on whatever you want. And if you spend it on defense, then you can give a big chunk of that money through to a friend that's a contractor and there can be all kinds of inefficiencies and graft in the process. And that's the world that we live in. And it's an incredible amount of money that's being spent. I mean, you look at the wars in the Middle East, they're basically PR campaigns that we have to engage in so we can justify Trump increasing defense spending, national defense spending in the United States. One of the first things he did, he increased it by 10%. That is unbelievable to happen in a time of no war of any measurable degree. And all the conservatives that are worried about the tax cuts and the tax breaks and all that sort of stuff that we're getting from our dear leader. These guys are also not paying attention to the fact that the biggest chunk of spending is defense and he increased it by 10%. Where's that money that come from? Well, it's got to come from money printing. And all that's going to do is devalue the dollar even further, even more aggressively and push more Bitcoin adoption. But that's great because that's what we need. We need to get to a place where it's just really, I mean, if you think about it just on a very simple philosophical level, we have to make it very expensive to steal people's stuff. And if we do that, less people's stuff will be stolen systematically through various forms of slavery and it will be less attractive to attack somebody if it's harder to steal their stuff. And that's really at like a deep level what Bitcoin gives us. So if it costs several trillion dollars a year, it is going to be the best thing that's ever happened to the environment and the best thing that's ever happened to humanity. And I don't think we'll actually have to go that far, but that's my mark. When we hit 10% of all global defense spending, then I'll say, well, maybe it's getting at a hand or maybe it's worth looking at until then, it's not even close. And we're not anywhere near that. And again, there's the only reason why wars can last for years these days in the modern ages because of the endless money printing. Wars used to never, ever last very long at all because it was so expensive to actually have a war you had to actually use hard money. Anytime the side was even being swayed a little bit, bam, the war was over. Like that was it. It was done because they knew they could see the writing on the wall. They're not going to go and spend more money to occupy another country for a freaking decade. Yep, absolutely, man. Absolutely. So at my last point, it is really, I guess more directly to the question, is mining getting decentralized? Absolutely. It's getting decentralized. And just as importantly, the manufacturing of mining hardware is getting commoditized. And everybody is looking at like Bitmain as the villain. And they are the villain in multiple ways. But I think it's important that we remember it. They didn't have a monopoly because there was no government that was using violence to prevent anybody from entering the market. And if you don't have that, you don't have a monopoly. Those guys were early movers. They invested early. And they got very, very rewarded in a big way for doing good things. And that was investing in asick manufacturing. And investing in hardware that was run using electricity that those guys bought to secure the network. So they're a mixed actor. Like they did a lot of good for the network. They've used a lot of those profits to do a lot of evil. But like with all businesses that have high profits in a free market, they eventually get competition. And it doesn't happen overnight. But when potential competitors see profits over a prolonged period of time, they get involved. And that's what we're seeing now. And again, I think that's why we're seeing this big attempt to change the proof of work. It's the death rattle of an incumbent. And that's beautiful. It's an excellent point. JW. And it's also worth saying that with all of these countries and companies getting involved, they'll have no choice but to get involved. And now they're chatting. And I forgot what I was going to say. But it was along with the lines of the budgets and they'll have no choice. But let's go to the exit budget. Here was to found Thomas. Profound. Yeah, all right. Exit question, which country in the world will become the most bullish about Bitcoin? And why Gabriel, divine. Going with Venezuela. Venezuela, Jeffrey Jones. Sorry, what was the question I was reading that you had? Which country will be the most bullish about Bitcoin? Whichever country has the most economic turmoil from their central bank and government? And JW, whether or not. I'm going to say the United States. I think that I think there's a lot of people in power that know that the jig is up and that the dollar is going down. I think we see the Chinese and other folks really asserting their muscles a little bit and showing that they're not going to play ball with the US dollar anymore. And when an empire is coming to an end, there's a lot of smart people that know when to get out. And a lot of those folks have a lot of money in the United States right now. So I'm betting the United States is a big winner. I remember what I was going to say on the power comparison data, they always say that Bitcoin's using as much power as Ireland or as much power of Greece or some other small country. They never say Bitcoin's using a .01 of the US military's power or a less than 1% of the global military power. So I think that's a much better way to look at it that JW brought up there. Moving on to issue four, running towards regulation. Coinbase acquired securities dealer, Keystone Capital on Wednesday in a bid to become an SEC regulated broker dealer while the Goldman Sachs back circle is said to be seeking a federal banking license with more and more businesses running into the welcoming arms of government regulators. Is Bitcoin finally going mainstream in the world of finance? Gabriel, divine. I'm going to say no. And I think it's, I was surprised for about two seconds when I read that headline earlier this week. And then I thought about it and I thought, oh, well, no, it makes perfect sense. Of course, Coinbase is like a bank. It's completely, they have total ownership of your Bitcoin and you have a claim on it. If they get hacked, you're not going to get it or you'll be seventh in line to get whatever tiny fraction is left over. And they have a lot to gain in their business, in my opinion, by paying the extortion fees in order to move into other areas of business. And that includes what I like to call old finance with a capital L.O. And I'm not at all surprised about this. I think that's actually much more intelligent than supporting V-trash or Ethereum. This makes a lot more sense to me because they'll be able to have cross correlations between these things that they'll be able to make money off of that don't exist right now. What you might call bridges and pathways in the ecosystem. But I'm sure most of it is for just doing the traditional business and running up against the traditional banks who don't have a digital first approach. And that's why their business is is fallow. And they're going to basically paper themselves into non-existence over the next two years. Whereas a FinTech companies like Circle and Coinbase, I think we'll be able to weather the storm a bit better. As we've pointed out many times, while creating currency out of thin air to earn interest on, which is the current bank's business model, will not exist at all. Fractional reserve will only exist on the margins until you get caught essentially kind of like 19th century gold backed paper that wasn't, if you start not holding the gold, all you need is a bank run and you're at a business. So I don't think I don't see fractional reserve in the future of our economy that runs on top of Bitcoin. But there's still plenty of demand for full reserve loans and also possibly storage solutions. I mean, that's obviously not Coinbase's gig, but that's the traditional banking task that if you want to have some sort of managed storage or help with your security. Obviously it's not as good as having a gold vault under your castle, but if you need that service, I think it's a valid service to offer and a banking service that will exist in the Bitcoin land. So I'm not surprised at all. J.W. Weatherman. I'm sorry, can you repeat the question, man? I was so excited about, to be honest, I was just like zoning out a little bit, thinking about all the stuff that Vortex said about ending the freaking war state. I watched a documentary this morning about the tunnel rats in Vietnam and there was a kid that looked like he couldn't have been more than 17 years old, digging through tunnels with a knife in one hand and a handgun in the other, trying to disconnect booby traps and I'm a little bit fired up about just the amount of death and destruction the state has brought upon the world. And so he got me all pissed off, basically. So we're talking about Bitcoin and the world of finance. Has Bitcoin gone mainstream with all the regulations and all that? Yeah, I mean, I think so. I think it's working at a pretty good clip. I think a lot of the folks that are controlling those systems have done a good job not to... Well, I mean, here's the thing. Like if you're running the Federal Reserve and you've got two years left, right? Like you're Janet Yellen or whoever the current jackasses. And you're looking at Bitcoin and you realize that it's a competitor. You're best play. You've only got two years left to fleece the public, right? You're best play as the head of this monstrosity is actually to become a Bitcoin investor. But you want to be able to do that before everybody else does. So you're not going to say nice things about it and you're not going to encourage an ETF or whatever among the political elites that you're connected with at the SEC and other folks like that. So I think the pace that those folks are moving into Bitcoin and slowly, you know, like you can pretty much guarantee that they're already in Bitcoin before they say nice things about it, right? I think the pace that that's happening is absolutely insane. I cannot believe that at that scam fest of consensus, the best speaker was the St. Louis Federal Reserve Chair and he did not say that Bitcoin wouldn't replace the US dollar. He said he doesn't think it's going to replace the US dollar soon. I think things are going well, man. Jeffrey Jones. Yeah, so I guess let me, let me be very, very, very clear for the public here. Bitcoin is not running towards regulation. Bitcoin is simply being Bitcoin, the same that it always has. It's regularly, basically regulation and regulators are learning more about what Bitcoin and crypto is. Bitcoin is not going to do anything differently than it has for the past nine years. It's going to continue running, going to continue providing this alternative monetary system. Opt in this global voluntary opt in monetary system that anybody in the entire world can access while the regulators going run around trying to figure out what it is. It doesn't matter what they think it is. Bitcoin is here to stay and it's not going anywhere. And let me be very clear again, Bitcoin doesn't need you. You need Bitcoin. This is how it works. And Bitcoin will continue to work, continue to produce blocks every single 10 minutes. So, you know, with that aside, like basically yes, absolutely coin base is a freaking bank. It always has been a bank. It wasn't bank. Their superpower is regulatory compliance. This is what they do best. They are not a technology company. They have some of the worst technology in the entire space. They just recently launched something called coin base pro and it was worse than the previous product that they had to replace GDAX with. There's all sorts of articles you can go and read that's written up on it. But this is, I mean, they use, it's so many times as coin base failed technologically that it's ridiculous. And I mean, anytime there's any type of, you know, run up, price right up, they go down. And that's not stopping anytime soon. They simply do not understand the underlying technology that they are claiming that they serve. They, you know, I can't really say enough bad things about their technology essentially. So, we'll leave it with that. But, you know, at the same time, this, as others have mentioned, this company's like coin base are just an on ramp. They're a temporary situation. They are a temporary company. They're not going to be here very much longer. They are the AOL. They're going to on boards, you know, many, many millions of users to crypto. And then just like with AOL, they will leave the Walt Garden and they will go for greener pastures where there is tons and tons of economic activity. Tons and tons of economic opportunity. This is the internet of money and it's not going to slow down anytime soon. Completely agree. The only time that I almost lost a ton of money was when I was helping a friend send like 25K. I think I was having, he was trying to get his money out of coin base because they froze his account. And this is like a, you know, a software executive, right? This is not like somebody that's buying a pot on Silk Road or something, right? They locked his account down for- Okay, that'd be a lot of pot. I'm not sure. I'll take your word for it, man. I mean, yeah, I've dothel bags and he had a truck and a warehouse, but, you know. Yeah. So this is my coin base story. Basically, I was moving. I was helping him move the money out because he was nervous about it, even though I had told them to buy a hardware wallet and all that sort of stuff. So I get an address on a treasure, I think. I go into coin base, I say to send the money. It says there's an error. It can't send the money, right? It's some JavaScript error thing. I'm like, all right. And he realizes at that point that he is not sure that he has retained control of all of his seeds, right? He set up his seed like six months ago. So I'm like, no problem. Let's just wipe it because there's no money on it. It didn't send from coin base and we'll start over. The only reason that that 25K didn't turn into dust is that he happened to have another treasure. But I was 20 seconds from nuking his treasure and starting over. And when I went back to coin base, it said the money was out and it already gone to that address and then it showed up. But I was within moments of destroying $25,000 in my friend's money. So I am not a huge fan of coin base. If you can believe it, I am a big fan of BISC though. It's a decentralized exchange. And I get extra pleasure out of talking about a competitive coin base and recommending those guys. So check that out. And that is a system that's trying to be government hard like Bitcoin. It's doing its best. It's a really hard problem. It's not as good as Bitcoin. But it is a decentralized application that allows you to buy and sell Bitcoin without having to share your identity with the next Equifax. Let's also plug Hadohado. The decentralized exchange. Yeah, good deal. I don't know too much about those guys. I haven't actually tested it. But yeah, I'm excited that there's more and more folks showing up. Have you used Hadohado? Yeah, I hadn't purchased or but I've used the software. So I've chucked downloaded and checked it out. Completely free to check out. I haven't actually made any transactions yet. But definitely highly recommend it so far. Everything is really easy to use. I'm hearing a lot of positive feedbacks of I'm hearing from people that actually have used it. And so they've been very happy with it. Excellent. Good stuff. Death to coin base. Well, I'll tell you, I for one, I'm looking forward to using Coinbase Pro. I'm sick and tired of using the amateur version. Ah, jokes. Let's move on to the exit question. Is the world of finance eating Bitcoin? Or is Bitcoin eating the world of finance? Gabriel, divine. Bitcoin is eating the world of finance. And J.W. Weatherman. Absolutely. Every time these guys buy a little bit of Bitcoin, they reward themselves. But they also just cut the throat of the Leviathan at the same time. Jeffrey Jones. Yeah, the famous quote of software eating the world is definitely, definitely happening. And Bitcoin is the software that will eat finance. It's the Trojan horse they never should have brought it in the walls. Everything was going so well right up until then. Gabriel, divine. It's the end of the show. Are you ready with a prediction? Or a story of the week? Yeah, just a bit of a story and just to help kick my own butt here and give myself a little bit of a push. I'd like to announce that I am developing a secret project. And I'm really looking forward to sharing it with you all. I thought for sure you were going to be running for Congress. That's the only thing that you can explain that hair. All right, to kick your butt, you got to give us a date. Because that didn't do anything. You got to tell us when you're going to come up with a run. That's a great idea. Let's see. It is June 8th today. So let's, OK, so the down, it's top two in 10 weeks. So that's third week of August. All right, all right. Looking forward to it, man. That's exciting. All right, JW Weatherman, prediction or a story of the week? Story of the week is we need to get off of recommending people go to Bitcoin.org from what I understand. It's completely controlled by a guy that goes by the name of Cobra. And he has pushed security vulnerabilities, proof of work changes, things that would have destroyed mining decentralization, which we're all excited about. And he is an unpredictable character. So time to take that code, fork it, jump over to a new domain. Let's be in managed by somebody that's trustworthy. Hopefully, somebody in the community will step up to do that. That everybody recognizes has a reputation that has value. It isn't worth burning. And we'll just keep doing that. We'll let him take over bitcoin.com, and then we'll move. And then we'll let him take over bitcoin.org, and we'll move. And we'll just keep doing that. Because all we have to do is change all of our links, focus on the new domain name, pump the new domain name, most of the nubes that are coming into this space are going to do a Google search. And we can destroy their Google search rankings as a community overnight and create all of that same value on another domain. So we don't have to get kicked around by these guys. And I think it's time that we start doing that. It's strange how many problems we have with these centralized systems, like the domain registrar system, where someone like Roger can just own bitcoin.com forever. And no matter how much the community votes, even if Steve's Wozniak himself came down and said, no, he would still own bitcoin.com. So it would be pretty great if you could redirect the Google searches. Gabriel Devon, an update, a future rant unlimited, future rant, ABC. These are the ideas that you guys are on the right track, maybe. But I just wanted to say, if you want to get the latest on this project and many other things, definitely check out my Twitter at Gabriel Devon. All right. And Jeffrey Jones, the story of the week or prediction. Go ahead. Oh, excuse me. So never cough into the mic. That's the first step. But basically, I have a couple of stories here. Essentially, so there was some fun about mining in Canada there about how Quebec holds bitcoin mining power requests. And I just want to assure everybody that they're only temporarily halting the request because of the unprecedented demand. I mean, there is huge amounts of mining demand that is waiting in the wings to go to Canada. And again, because of the amount of profits you can make from Bitcoin mining, there's huge amounts of people ready and waiting. So I wanted to say that just people that there's, this is not going to slow or stop in the hash power from going into Canada. And in fact, I was just informed a few minutes ago from Francis, Francis Pouliott, who is, we're in a couple of Bitcoin companies up there in Canada. And he says that basically the breaking news, the first official draft of the Canadian KYC AML regulations of virtual currency businesses has just been published by the Department of Finance. And what that essentially means is that for Canada now, Bitcoin can now be regulated just like regular money. So essentially, it's a money service business. So it'll all now be regulated just like a standard MSB and which has very, very, very clearly defined regulations that now even more Bitcoin business can start to take off in Canada that people can be assured of this now. So they can start even more huge businesses and more mining and more, it's just going to keep getting more and more crazy. So that's really cool. That's really good news. There's going to be more regulations that eventually just kind of see Bitcoin in many different lights and many different ways. But the first step is to just get the money part of it, sort of regulated correctly or understood correctly. Before we start going into some crazy stuff, because Bitcoin is going to evolve much faster than anybody can regulate it. So meanwhile, Bitcoin's already on all sorts of other use cases, but they're still worrying about Bitcoin as money. So that's fine, let them be 10 years behind. But this is an important step for Canada and for Bitcoin across the world, getting more and more understood by regulators. And so I'm very happy to see this. All right, thanks so much for text. I just want to thank everybody in the chat for watching. Give us a thumbs up at home. Be sure to subscribe down below. You can also click the bell for notifications. And we have the audio podcasts. If you just want audio, you don't want the video. Shout out to Jeremy in the chat. He's been doing the moderation. That's hard work. He's also been doing timestamps. So everybody be nice to Jeremy. Say something nice to Jeremy. While you're down there in the chat, we do have a Bitcoin meetup tonight in Las Vegas, hosted by the Bitcoin Las Vegas meetup at bitcoinlossvegas.org. You can join us on fourth street, street variants. I even think Jeffrey Jones might be there. Thomas Hunt and Jeffrey Jones in person, kind of a little post Bitcoin group, hang out, kind of an after show party, but we'll be hanging out with some Bitcoiners. No big deal, just chilling, getting some drinks and some chips and food. I had an idea today. I kind of wanted a desktop computer. I'm tired of plugging in all my USB-C ports and them not working. Time I sit down at the computer so I thought I could get a desktop. And that'd be pretty cool. And then I had this idea, what if I feature this desktop computer on some of my Bitcoin shows where I use the further away camera? Do you think companies would sponsor it? So I've reached out to companies and said for, $500 a sticker, you can have a sticker on my desktop. So that's where the shot. I also made this cool graphic. You might recognize the style of it. You've seen a lot of these great graphics on my feed against my will. So I thought that'd be fun. One desktop giveaway. And so far we've raised around 0.07 Bitcoin toward our goal of 0.36. So if you'd like to donate today, it'll help me get a desktop so I can just sit down and I'd have to plug it in. And this QR code is the same thing. And that's about it for today's show. And hang out at the meetup. We'll be there tonight. And until next time. Bye, bye. And apparently Jeffery Jones doesn't live in Vegas. He's just visiting here. You're so wrong. You guessed wrong at home. Bye, bye.