The Bitcoin Group, the American Original. For over the last 10 seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Max Hillabrand from towardliberty.com. The American Group Friday, again, 2019. Theo Goodman from Proof of Work Media. Good evening, everyone out there in World Cast Network Trudyion. And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one, anonymous Bitcoin mining. Bitmains market dominance continued to decline this week with its combined Bitcoin mining pools falling by 10%, and anonymous mining continuing to pick up the slack. 23% of Bitcoin is now mined anonymously. We're reducing the possibility of a 51% attack and adding to Bitcoin's decentralization. Additionally, Bitcoin's hash power reversed its previous decline, but it may be difficult to maintain if the price doesn't fall of suit. Max Hillabrand, is this a temporary setback for Bitmains? Have they turned their machines off to save money and will simply turn them back on it will? Or have we just seen a major move towards decentralization? Is Bitcoin mining becoming decentralized? Maybe it already was decentralized and this was all just fad, most likely. Well, yes, Bitmains is wrecked quite literally. They have placed a massive bet on B Cash and well, we see where B Cash is now. So they have lost a massive amount of money, massive amount of reputation, skills and know how having elite developers just leave the project. And now apparently Jihun Wu is leaving other company as well, stepping down the CEO. I mean, they're leaking left and right. This is probably not just a temporary setback. This hopefully maybe might be the end of Bitmains. And I mean, after all, it is a company, right? And then profit seeking entrepreneurs do take on the risk and the uncertainty of a future. And they try to fulfill the demand of their customers. Well, it just looks like the demand from us Bitcoiners were not in line with Bitmains. And apparently we don't need them and we don't want them. So let's see where we can take this here with other mining companies that produce mining chips and asick chips and then employ them ultimately. And here the aspect that Bitcoin mining is anonymous or how dare we produce our own money and do it anonymously. Additionally, Bitmains failed to develop a new chip and recently closed their Israel and Amsterdam offices. Just asking everyone to give us a thumbs up and a share. That'll help more people find the show. Theo Goodman. Yeah, it's anonymous. It's probably the US government or China government mining it with all of the data centers. Maybe that is part of the government shutdown. So they did a government shutdown in order to use all of the infrastructure to mine Bitcoin in the meantime as the government shutdown. So it's going to be pretty hard to prove that otherwise since all the workers just sent home and there's no one to witness someone going in using the whole infrastructure to mine Bitcoin by their so-called government shutdown. So I mean, probably they have to shut it down until they get enough blocks. Ramp up the supply they have in the government wallet in order to pay ransomware and hedge against global crisis. So that's one aspect of it. Another one could be that maybe the Bitcoin Satoshi vision people are mining Bitcoin in order to mine Bitcoin because it makes more money for them. But they can't do it publicly. They have to save face to their quote anonymously mining Bitcoin, which does the Bitcoin protocol allows you to mine anonymously essentially. I mean, you don't have to say, hey, I'm mining this. You want to say who you are. So I think that's it. I mean, there's this thing called difficulty adjustments. So if the hash rate goes down, well, there'll just be a difficulty adjustment and probably people will turn their miners back on. That's just how it works, even though the media will say, oh, it's a death spiral and there's not going to be any hash rate. But we've had big movement. There have been big movements in hash rate and big movements and difficulty lately with the price too, but the system seems to work pretty good with the difficulty adjustments. So we'll see how that goes. The difficulty does adjust. And I wish the government was that smart, Theo, that they were mining Bitcoin during the shutdown. It does seem articles I've seen the shutdown is so bad. Certificates, security certificates for domain names are expiring. So now you can't visit government websites securely. Registrations for domain names are going to expire next. IT people are prohibited from restoring these, even though it would take probably just a couple of minutes of their work. So I want to say, go daddy. You have failed in your upsell for auto renew of SSL certificates. It's very true. The government could have used that service right now. Some salesmen could have offered it to them. Moving on to the exit question, who is mining Bitcoin now? Those chip makers, governments, Max Hillbrand. All of them at the same time. And we don't know. And we cannot stop them. And we cannot do anything against that because that's the beauty of Bitcoin. You know all you need to mine Bitcoin, a piece of paper and a pen and some math. And then you can do what? Two thirds of a hash per day. That is efficient. And we can do the matrix thing and harness all the body energy of humans and do brain calculations with that. And then we can all be miners. Because that's the beauty of Bitcoin. That's why it's such a labor, such a ethical righteous money. Is that anyone, absolutely anyone, can become a money producer. And that is something that we have never seen before in such a extent. Maybe with gold mining, that was rather decentralized and rather permissionless. But Bitcoin mining is a twit's extreme. And Bitcoin mining was the most centralized with the Genesis block. That was just the toshi and no one else. Well, but then after a couple of days, he'll finish joined it. And guess what, the toshi could not do anything against that. He could not stop health in the from joining him. Health in it just compiled the software and started Bitcoin and people made a committee to they tried to stop how to stop how to finish. Stop how to finish with a whole movement. It's huge. Hashtag stop how. But he didn't let himself be stopped. He stood firmly and he hasht as much as he could counter question. Who's mining my private blockchain? No one, no one's mining my private blockchain. No one, that's why it's private. No one that's why it's private. Nobody. So Theo Goodman, who's mining Bitcoin now? Mostly professionals. And if I was a professional miner, I would also for the last few months also be paying, which a pretty cheap rate, actually, especially the current market for as many foot articles about Bitcoin is dead mining site that's that difficulty traps. I would also pay for articles with massive amount of miners getting trashed and dumped. And it's so sending the general message, it's hopeless to my, it's unprofitable. Don't do it. Send out that message as much as possible with all the Bitcoin that I have, mine, I just take a small amount of that, put it into my agitation propaganda budget and pump out all those articles as much as possible all the time, mining Bitcoin and then launching secret Bitcoin maximalist, G-Hard attacks against Ethereum Classic. A G-Hard G-Hard. Sounds like a G-Hard G-Hard. Something like that. But that's a great one to close on there. Good one Theo. Moving on to the next issue, issue two, Cryptopia hacked. Same story, different day. Despite the proof of Key's event and the urging from every serious Bitcoin or that you should not store your Bitcoin on an exchange, tweets from whale alerts show that 19,300 and 91 Ethereum valued at a shocking $2.4 million and 48 million centrality tokens valued at $1.1 million, I guess. We're transferred out of the New Zealand-based exchange. The New Zealand police and the high-techs crimes unit have been contacted and are jointly and actively investigating the matter as a major crime. Theo Goodman, the usual questions, will we see socialized restitution? Was it an inside job and when will people stop storing their funds on exchanges? I don't know if it was an inside job. I don't know if we'll see socialized. I mean, maybe there will be some kind of kickback users. I doubt it. Don't expect much. Maybe it depends. Maybe if they're watching, they'll copy the Phoenix. Just give everybody tokens and then add even strictly points. If you make enough and fees, then you can actually pay people back. I doubt they'll do that. So I would say, Cryptopia has now become hacktopia. I've never heard of centrality token. That is the weirdest name for a token. It's a name of a token, right? What did I call a token? $1 million. Yes. That's really amazing. I wouldn't expect. Was it an inside job hard to tell? Someone in the comments, whatever, maybe can comment on what we know about the technicality of the exchange, how the servers are set up. They're saying yes in the comments. The comments say yes. OK. Well, OK, I'm sorry. I don't have my hold on. Let me open my technical handbook here. Anyway, there's a way. I think it's like an SSH or something. Anyway, there's a way to set it up where it's not possible for one person to sign in to a server without two other people being notified that they did sign in essentially. Kind of like a multi-signature. It should have been set up like that. So they should know if it was an inside job, presumably, but I don't know how they're set up. Unless the people who did the inside job broke the features that were designed to stop the inside job. If only we could get the company itself to investigate whether or not it was an inside job, then we'll find out the truth. Yeah, I don't know. But maybe the I wonder what the centrality token people community is going to do about losing centrality token if they're going to end and just mint more centrality tokens in a central way. We can only assume that they will centralize the loss. Max Hilla brand will people stop storing their funds on exchanges? Yes. Two weeks. Then we have them all like that's that's it. That's the Toshis run. It's going to be done two weeks. All keys of Conbase, of Cracken, of Bitfinex and only on cold cards, only on dice rolled public private keys and only on ultimate security. Clasier protocol to the max. That's what it's going to be. Clearly, of course. No, I mean, unfortunately, custodial wallets probably are still a little while longer here with us. Again, it is truly user interface thing. If we can get it down to have a really intuitive user interface and I think we're pretty much there. I mean, write down 12 English words and you're good. It's pretty simple and copy that a couple times, put it in three different houses and you should be pretty fine. Of course, it's a threat model. You can have different wallets, different UTXO sets and make sure that you have your good key management and maybe keep some custodial just to be safe if you mess up. But after all, it's your choice and now we have the opportunity to store our funds ourselves. And that is, of course, radical, yes. But it is really important that we have the opportunity. If you don't want to take this full responsibility, well, first of all, you're coward quite literally. But I mean, it's your choice and it's completely okay to do that as long as you are clear with the consequences that well, people can steal your money when they have full control over it. And that's just how things work. And we know this by now. It's no longer what 2013 with Mt. Gox. We've done that a couple times. And we've seen this happen so many times since Mt. Gox. I know Theo has been here a max a little sooner, but Theo's right. It's not really over until they mint their own token. The best thing about minting your own debt token is then when the price goes down, you can buy back your own debt at less of the value. So you're buying back your debt at a lower price. They should definitely print a debt token. Moving on to the exit question. How many exchanges will be hacked this year? Over under three. We've already got one. Theo, will we see two more or three more? I think over three is going to be pretty easy to do. And return question. Are we going to see over under three reported exchange hacks? Or will there remain secret? They will be reported. They will be reported. But they'll be more secrets too. Right. And what counts as a hack? Any date of reach? How big does it have to be? It's kind of a loose definition. So if you have a very loose definition, I think definitely over three. Not to spread foot, but Polinex was down today. But they just said that something fucked up and nobody has reported any funds missing. But since Cryptopia just got hacked, people are really sensitive. So let's see. It's a tough time to keep your money on exchanges. Max, Hilo brand. Probably more for maybe five, even more. It really depends. And hopefully a couple until people learn their lessons. And yes, that involves some suffering. And that is good because that's how you learn. And that's how you can try to avoid the suffering in the future. So if you got burned on any of the previous exchanges, well, tough laugh, learn from it. And hold your own keys. Become a man, grow some balls. And well, hold your own keys. Because that's how you hold your own Bitcoin. He holds his keys in his balls. The World Crypto Network has its own audio podcast on iTunes. Check it out today. You can subscribe for free and get audio versions of all your favorite world crypto networks shows. We've got 56 four star ratings. Drop by on iTunes and give us a review and subscribe today. Issue three, PayPal crushing. Berens Magazine recently upgraded their position on PayPal, citing the success of PayPal's merchant adoption in the real world, including their lucrative deal with Home Depot, putting the payment processor in every single one of the orange terminals. The magazine compared PayPal's success with market heavyweight Amazon and open source cryptocurrency Bitcoin should Bitcoin be kicking itself for its lack of merchant adoption or is it enough merely to be included in the conversation max, Hillaprand. Oh no, Bitcoin is so, PayPal is so much larger. Oh no, how can we ever overcome them? Oh, that's, oh man. Okay. So, let's just say that we've lost. Let's pack it up. Unplug your full notes. We're done here. And yeah, see you on the next show. Bye bye. Well, no, I mean, seriously, PayPal of course has more users because it's been around for much longer and it's not a currency in itself, but it's a payment terminal for a currency. Right? So it does not have the need, it does not need to overcome the network effect of the US dollar, but it is piggybacking of the network effect of the US dollar. It might be similar to the lightning network on top of Bitcoin in that analogy somewhat. So we cannot really compare Bitcoin to PayPal because it's not the same thing. PayPal is not a currency. PayPal is just the payment protocol or the payment mechanism, but not the currency itself. And that is a huge difference. And well, I mean, who cares too much about merchant adoption? First and foremost, we need to store our wealth. That's the killer of Bitcoin, wealth preservation. And after that, yeah, spending, of course. Well, you see how easy lightning integration is. I saw so many problems that previous merchants had and maybe that will just be it. So maybe they will be running their own model in the back and then use the SAP terminal in the front at the cashier on your iPhone. It's possible today. It's super convenient and pretty much no fees at this time, really, unlike Roger Promise last time. And PayPal could have been the internet currency. They talked about it. They wanted to be, but they saw early on they wouldn't be able to control the currency once it was off their servers. They needed to be able to stop people from buying drugs or gambling or worse with PayPal branded credits. The only way to do that was the centralized system that made them into eBay's payment processor. Theo Goodman is PayPal crushing it. All right. Well, yeah, sure. Everyone uses PayPal. A lot of people use PayPal. It's pretty easy to use. And you can even file a complaint and get a refund. So that's pretty cool. But the fees are really, you know, the fees are pretty ass out. You know, they're pretty high. It's not suited for small transactions. And it's also easy for someone to claim that you didn't deliver something and then try to scam you like that and then PayPal is like, oh, you didn't send them something and then lock your account and all that kind of shit. So, but in general, they're crushing it because they're charging exorbitant fees and people are using it. So sure, like that, they're definitely crushing it. Like you said, the PayPal OGs know what's up. They know that PayPal, the original form was a bare asset and they know about crypto. They know what's up with it and they're keeping their eyes on it. And we'll see. We'll see what happens. There was the legendary tooth at late 2014 PayPal pump when someone from PayPal said something. I don't remember what. But then it went from 400 to 600. It was a legendary pump. I do remember that PayPal was going to integrate Bitcoin. They were going to integrate altcoins. They were going to be a hub like a wallet, like a multi wallet. They were getting really close to that. I wouldn't be surprised if they have the code sitting outside somewhere. Oh, sure. I think that like I said, I'm sure these guys, a lot of the OG PayPal people are totally down with crypto into it. It's just about, does it fit to their current business and do they really want to do it or do they need to make another company? Does that make sense for them and so on and so forth? So we'll see. It might not make sense for PayPal as a company and maybe there's just going to be a separate company or maybe some big people in PayPal will do something with it. And don't forget PayPal also owns Venmo, the popular millennial Facebook money transfer system. So they've really got them on both ends. Okay, I'm going to make a pre-end of show prediction PayPal buys coin star within five years. Ooh, smart getting ahead of ourselves here. Moving on to the exit question. All right. Do we talk to Max about that? Yeah. You talk about PayPal Max. All right. Exit question. Do I really want to talk about PayPal a little bit more? I mean, did you read the PayPal book? I mean, have you ever had your PayPal account frozen? I've had it frozen. Yeah. Has everyone had their accounts frozen here? Fantastic. Actually, PayPal is one of the main reasons why I'm here. Before I was stabbling with Bitcoin, I was really interested in interested in e-commerce in general and looking for payment mechanisms. And okay, I hadn't needed to send some money to China. And PayPal charged a hell of an exchange fee. It was like, nope, not going to do that. Ben from Bitcoin watched a first Andreas video and now we're here. So PayPal. I love it. I really did help you find Bitcoin. And people say bad things about it. Like people say bad things about Coinbase or whatever. PayPal helped you by charging those high fees the same way that the taxi drivers helped create Uber. Isn't that perfect? Like, they're just, they're so douchebags and nobody likes them. And then we just create something better. Isn't that beautiful? It is beautiful. And it's beautiful when you give us a thumbs up and a share. I can see people trickling in. It's like they're late to church. But we've got lots of time here. We're talking about PayPal and Bitcoin. Everyone's had their accounts frozen with PayPal, one of the major killer feature apps of PayPal. But still they're in a good position. They could turn this around. But they do have square out there competing with them as well. I was interesting to see Amazon not Apple Pay listed as the other competitor. I didn't even know that Amazon has a real life merchant situation or maybe they're mean online like square merchants or something. But Apple Pay, nowhere to be seen. No killer Apple pays or Samsung pay for that matter. Only Bitcoin mentioned. Exit question, Theo Goodman, will merchant adoption be Bitcoin's killer app? No. No, Max Hillbrand. Yes. So be all the Hottel Bitcoin. Oh, yes, but conditionally. The answer is no. Moving on to issue four, spare change into Bitcoin. Coinstar, the spare change to gift cards and cash conversion service, has partnered with Seattle based Bitcoin startup CoinMe to allow their customers to purchase Bitcoin with their spare change. Eventually, placing a Bitcoin ATM in nearly every American supermarket. The program is starting with a pilot program in Safeway and Albertson stores in California, Texas and Washington. Additionally, Coinstar is invested in CoinMe. Max Hillbrand, is this big news for Bitcoin? Is it now easier to use in person with more on-ramps? Will this equal mainstream adoption? Yes, and no. Again, because on the one hand side, this is a really easy way of getting rid of your cash and getting some precious Bitcoin. Because cash is the only acceptable way of using fiat currencies, then this is quite an ice way to get your hands on some precious Bitcoin. But on the other hand, if you scroll down in the tarant there is actually a couple pictures or in the tweet storm by Matt O'Dell, there's actually a couple pictures on the user interface. And it's shit. Sorry, it's horrible. It's like, you must do this. You must do this. And before you do this, you have to do this. And it's all really... Well, to be clear, this isn't a way to buy Bitcoin directly. They send it to your phone. They send you a link to this company, CoinMe. Then you go to CoinMe and you claim your Bitcoin. So you can't really just get it all from the machine, like you're saying. Go ahead, Max. Yes, so it's just a huge regulatory burden. It's that nonsense KYCA mail that doesn't do any good, but just as massive surveillance. And it introduces so much friction. I'm sure that this entire process takes a rather lot amount of time just because you don't... Just because you have to do all this information. And then further, you dox yourself quite heavily. And not just your name and your phone number, but also where you live in your government identity. So this is quite a heavy doxing. And of course, this will be linked to your Bitcoin address. So everyone will note that you have Bitcoin and where you have it and what you do with it. So at the bare minimum, of course, as with every exchange, go to the Wasabi wallet and clean afterwards. That just makes the most sense. But to be honest, what I would like to see most, that's a spoiler for the exit question. Because then I have something to talk about. Long max might not be impressed, but it says the transaction fees only 4%. That's not too bad. Theo Goodman, is this a good dealer? Should I just get a Starbucks gift card next time I met the machine? I think it's a great deal. But I like Coinstar. I mean, let's be real, but this is not a real great on-rampment. It's like literally pennies on pennies. So with the next financial crisis comes, they brought wheel barrels of... Fiat currency coinage in and tried to dump it in the coin star. And the coin star changed so much currency that it just got clogged and broke down. And there was a riot because the coin star stopped working. I mean, this is not going to... What it is called, therefore, which I thought of. But unfortunately now that I hear the process probably is going to be harder, is more for, you know, kids. They can collect the astro parents. Can I collect all the coins? You know, they can put them in the coin star and they get Bitcoin. And then they can go to the dark web and buy stuff they're not supposed to. So what's... Dun dun dun. What's going to happen is that's going to happen. What's going to happen is kids are going to figure out what kind of burner funds or whatever they need to get this account to work. And they're going to collect all the coins in their home. And they're going to dump it in the coin star. And they're going to have, you know, $10 to spend on the dark web. And that's what they're going to spend it on. That's my... That's what I think the utility in this is. This is a... This is an on-ramp for young people to get onto the dark web, essentially. And I think that is kind of funny in a weird way. So... You know, we need to turn that theoscript right there into an animation. How young people get on the dark web? Find change in your house. Converted at coin star. You know, that's fun. I don't want to... Do not do anything illegal. If you're under 18, ask your parents. 100% disclaimer. You know, don't trade on BitMix from America. And don't use coin star for dark markets. Okay? That's all I'm saying. To crypto... Sorry, a world cast network true vision. We don't tell do anything illegal. Okay? Just so you know... Just to make that 100% sure. This is fork number five. We don't do anything illegal. Anyway, I think it's cool. The thing that's cool is that... Right, okay, they're not in every single coin star now. Because only in some states, like you said, a pilot program. It's in a lot of supermarkets that is a lot of exposure. They're usually kind of near the lottery tickets. So that's kind of cool. Maybe we were like, oh, yeah, they're Bitcoins going up. Let's dump some coins in here. You know, I mean, it's kind of like... Or if you win the lottery. If you win the lottery, you could put your money right in. Boom, boom. I like that idea. Hey, that should be... There you go. That Madbitcoins. That's your business. But you have to convert it into change first. You have to convert all your money into change. I've got it. Mad lottery. Mad lottery. You just won the lottery. Put your lottery card in here and get it the value in Bitcoin. Instead of going to the cashier and getting the cash. There you go. Okay. Anyway. Madbitcoins only charge 10% fee. And this is the network's true and original vision of the cash. Anyway, I'm done. I like CoinStar. I just think it's cool. And I don't think it's a real big on-ramp. But it is a good... I guess it's a... It's a good introductory drug. Max, Hillabrand, do the Germans turn in their coins to Coin Machine? Is this a thing you do? Or is Theo right? So we process all of the world coins into Bitcoin. Millions of dollars processed into change through these machines raising the price of Bitcoin internationally. Not quite all of them, but four. More or less. Well, these ATMs have two main use cases, right? Either it is onboarding. But then what you have to do is you have to tell the story of Bitcoin. It's not so much about buying a bunch of Bitcoin. It's about learning about Bitcoin. But guess what? You're not going to have to do this and you must do this. And here you have a meant idea. And here you're pan-size. And we need to know if you are afraid of snakes. And that just is not a good omboring. That's not a good storytelling. So you need to sell the story of Bitcoin. You don't just need to sell Bitcoin. And then the other use case for ATMs is cash buying of Bitcoin, which is not easy. And that is useless if you have KYC. So we need a way of having censorship resistant ways of buying with cash. And now think of that. Same hardware, but different software. Let's not run that probably horribly programmed software from CoinStore. Let's run BISC. Like, let's have a real decentralized exchange, the BISC network, supersensorship resistant, and have the regular two out of three multi-sick transactions that you have with regular BISC people. But then somehow connect one buyer of Fiat and one seller of Bitcoin to accept the cash from this CoinStore machine or from this other ATM. And today we kind of have some like drop boxes for censorship resistant cash payments of Bitcoin. And that's what we need. That's what we should build. Max is dreaming. And the machines will be open source, the hardware and the software. But I agree with Theo when he says the real key here is that if you don't claim your coins from CoinMe, they give you a verification code. If they go out of business, you could never claim your coins. I recently got a Blu-ray movie, a relatively large company. I think it was called Relativity Media. At first, people in the comments were complaining about how difficult it was to download the digital copy. Then they were saying there's no way to download the digital copy because the company went out of business and now there's nowhere to put the code in. So now stores everywhere selling this Blu-ray plus digital copy thing and the digital copy is completely nothing. So watch out for that if you don't claim your CoinMe coins. I like that that Relativity Media was a relatively large company. And I'll say so thanks Max. I just want to make a small announcement. I have a new ICO project that's called CoinStars with the Z at the end and it's all everything that Max described, PMMe for a pre-soda discount. The CoinStars cast network. Moving on to the exit question. Supermarket Change Conversion is obviously a no-brainer, a great idea for Bitcoin. But what other clever uses for Bitcoin would you like to see implement in next? Theo Goodman. What about clever uses for Bitcoin? Clever uses like a machine or maybe a machine that you use all the time that you think should take Bitcoin or a location where there might be an interaction something. I think that, well, I think that just the idea I had live on here, the mad lottery concept where at every lottery outlet, or probably just a start in one state, and then it just says mad lottery because in the slogan of mad lottery is gamble while you're gambling. So what it is is you won the lottery and you gambled and then you put your lottery ticket in the machine and then it spits out the value of the lottery ticket in Bitcoin like a paper wallet like this old-school paper wallet. I don't know. You know what I mean? I have one of those. Right. Don't you? Someone else said, hey, I've got a paper wallet like it just spits out like one of those. So then you can just continue parlay your lottery winnings into crypto. And I have a prediction. My prediction is CoinStars is the next Microsoft Azure. Just you wait. There'll be a selection of shit coins to choose from on CoinStars soon. Next, Hillary brand, what a machine or clever use do you have for Bitcoin? Let's build the best ATM fucking possible. We start with the beautiful case of the general bytes ATM. That's beautiful. We're going to rip out all the shit coins. That's a must. We're going to throw a sec with on there. We're going to throw lightning on there. Then we have a pretty nice looking machine. But that's not yet it because we need to trade it for something. So we need to have BISC installed as well, which is then connecting to the beautiful BISC network of free exchange, but we're still not there. We're going to put this machine on a drone and then we're going to have a drone and we're going to fly the Bitcoin ATM through all the places where it's needed. And you can buy Bitcoin, you can sell Bitcoin, you can gamble on your lottery. If you want to do that, but it's flying in the air can be on your window and you can be in your underpants. So this is perfect. But not just that because it's going to have a huge projector and we're going to project the story of Bitcoin on every wall that we can find flying the Bitcoin ATM. It's going to be one huge propaganda onboarding exchange. That's what we need. A beautiful vision from Max. I'm surprised that Theo didn't mention gambling machines. I would have wanted to see gambling machines where you could put Bitcoin in, gamble with it, take Bitcoin out as your winnings, take them home. Basically any machine that has money in it that someone like Mike Smash, you should take Bitcoin instead of money. But once again, you could take credit cards as well. I think also for an exchange machines at airports where you could dump your change in, get Bitcoin, price goes up or down on your way home. Maybe you make some money, maybe you lose some money. A lot of interesting options there. Moving on to issue five, BitMex, crackdown. Crypto commentators saw their BitMex accounts deleted in droves, costing them vital referral income and denying them access to lucrative margin trading. Many wondered why BitMex would change their policy of looking the other way and casually allowing US users to use VPNs to access their service, especially as it was later revealed that US users accounted for more than 15% of their total user base. It turns out that BitMex may fear a crackdown by the SEC and is getting their books in order before they face a possible audit. Theo Goodman, is regulation of exchanges like BitMex good for Bitcoin? Bitcoin unaffected. Bitcoin itself unaffected. There's always going to be regulation of services around Bitcoin on off ramps. It doesn't change Bitcoin itself. Is regulation of them good? I don't think it's a binary question. Good or bad. I think it's more complicated. There's, in one hand, for some exchanges, they need to be compliant in order to be on off ramp for a certain country in order for people to get money on and off there and for others that are based offshore like BitMex, they're to serve a different purpose of extremely high-level trading of Bitcoin futures, essentially. The thing is that is uncool is closing affiliate accounts and not letting them withdraw the money that they did earn. They could have done it different. I can't confirm or deny everything from what I understand some people got closed and couldn't withdraw. That's uncool. But maybe they were under that much pressure to do it. I kind of doubt it. If they're under that much pressure, doesn't it make all the money that they previously paid the person illegal transactions that they now have to go back and at least pay penalty or undo somehow if it was that bad? Are you trying to put words in my mouth? I am. Across examination, but I have an objection. I'm just joking. So is it bad on both sides? Will everyone get prosecuted? Should they just go after BitMex? Is using this website going to put you in jail? Yes. No. I'm just saying. What I want to say is they should other exchanges coming up should learn a lesson. So there's a difference between trading on exchange and being an affiliate to the referrals. What you could do is you could segregate this. You can easily segregate an affiliate program with a different website and be the affiliate program for another website and still have people from countries where you're not allowed to trade, as long as they comply to the rules of the affiliate program, which would include not promoting it to us people. And that would still be compliant. What you really need is affiliate program tokens that could then be traded. Yeah. So the thing is probably the issue is that the affiliate earnings go directly to your account, which is a quote trading account. And that is probably a no-no. So they just said, fuck it, we have to cut everything. So hey, if you get big enough, you're going to get attention. That's how it goes. If you really want a geoblocked and you got a really geoblock, and you can't have fast geoblock, can't be taken screenshots of your VPN or brag on Twitter about things that you're not supposed to be doing, it's not the best idea. But here at WorldCast Network Trivision, we don't do that. Number five, you forgot number five. Yeah, four. Number five. Four. Yes. Cinco. Max's regulation of exchanges like BitMex, good for Bitcoin, is this crackdown going to be better for them now that they have 15% less users? Yes, this is perfect for Bitcoin. That's all we need to do. We just have to sit back and wait until government fiat fucks up. And that's probably much sooner rather than later. So we pretty much have won already. We know that. Bitcoin is strong, honey, better don't care. And yes, you might shut down this one exchange and do it. But guess what, you're not going to shut down my cold card wallet because my key is my Bitcoin. And all that these repetitive attacks, just an attack on American people. Sooner or later, they will just learn. Hopefully, I mean, there's a lot of learning to do and many uninitiated individuals. So we have a lot of work to do. That's why we are talking to you here right now. But well, sooner or later, we're going to realize that your keys here are Bitcoin, buy on Bisc and Hodel. That's the correct way of doing it. And what does America achieve with these policies? Well, first of all, thank you for promoting Bitcoin. That's really nice of you. Thank you for teaching people who are important. It is to hold your own keys. So again, how generous. But then of course, further, this just means that America is going to get shut out. It's not that Bitcoin is going to go away. It's that America is going to exclude itself from being part of the free market, which is quite funny to have here the land of the free and the home of the brave. Because they are being forcefully excluded from the home and free and brave currency called Bitcoin. That sounds legit. And of course, smart affiliates know not to accept affiliate tokens that are just stored in a database. You need actual affiliate tokens on a blockchain that could have been sent to your outside wallet. This could have, you could have avoided all of this if you only didn't hold your affiliate tokens in the exchange. Actually, one more thing here when we're talking about affiliate links and codes, because one good thing to announce, Max and Roman, the two nice fellows from HODL.com, not so decentralized, but definitely peer-to-peer exchange and organizing of the Baltic Honeybatchery conference, they've got us an affiliation link. So now that we're bashing here, the affiliation system of BitMax, we're shilling our own, isn't that perfect? But what I especially like about this affiliation link is that it is ERCT, which stands for Rect. So if you're used to this, you can trade as much Bitcoin as you want, and you're going to get Rect guaranteed. So isn't that perfect? It's like a magic machine. It's great to tear down affiliate programs while we're promoting one. Moving on to the exit question, Theo Goodman, is it a wise move to openly admit you're secretly using an exchange through a VPN? Well, it's not a secret then. It's not a secret then if you openly admit it. So generally speaking, that's not a good idea. And I want to be fair here. People are upset that we're going after one person who took a screenshot of their account and admitted on Twitter that they might have been breaking the law and then it cost the money. I was also at Charlie Shremm's crypto investor conference and a very major person who appears on CNBC all the time was on stage making a speech and they openly said, you have to use a VPN to get into this website so that you can trade futures and so you can trade leverage. So this was one of those open secrets. I'm serious. I was in the audience. I didn't believe it. I wasn't filming or recording or anything. It was, you know, I was happy to be there and stuff. But no, yeah, the guy says, he's always like, yeah, if you really want to do the advanced stuff on Bitcoin, you got to get a VPN and you got to go through it and then boom, you can trade this stuff. And so I really, it wasn't just him. It wasn't just it was the whole industry was saying that BitMex is this place and then BitMex 15% of their users. That's a lot of profit. They're just looking the other way. I think the articles right they got scared. Yeah, it's a super new move to take pictures of this and put it out there. Max Hillabrand, can I get you to openly admit any crimes? Have you stopped beating your wife? Not yet. But I might in two weeks, maybe. It's hard to beat something you don't have. But we're heading towards the end of the show. I wanted to just remind everyone about our new proof of work interview. That's right behind the scenes with the people who make Bitcoin Bitcoin. We've got an interview with Dan Eave, the crypto raptor. Check that out right here on the world crypto network. And while we're talking about the crypto raptor, you could donate now to Dan's fundraiser. Help bring Dan the crypto raptor to Las Vegas so that we can film and have a good time at tone vases, uncomfiscatable tournament or conference in Las Vegas. The celebrity conference and poker tournament. That's right. Theos drooling already. There's going to be a poker tournament. And if you donate, mad bitcoins will take part in this poker tournament, not as a celebrity, of course. But as someone that has to pay 0.1 whole bitcoins. So if you want to see mad bitcoins take part in this poker tournament, which so far no one does donate 0.1. It's only $364. 10 bucks would help, 20 bucks would help. I'm probably going to lose all of my chips. And you're on the right track for bluffing that you're a really bad player. So what you should do, which is probably illegal. But if it's illegal, just say we're not going to do it, as you should just say, if you win, then you'll pay back all the addresses that donated to you because you can just keep track. You don't know who they are. I could refund. I could refund. Well, I could double. If they, if there is even a prize for all I know, they've just taken the big coin. But if there is a comminsurate prize and I win, sure, I could return it. Now, remember, professional poker player Doug Polk will be playing in the tournament. So if you want to see mad bitcoins go head to head with professional poker player Doug Polk, where I will obviously win in poker. You can donate now to this fundraiser. So there's another rule everyone because I think we should get hyped about this. If you go to this, you have to wear the mad bitcoin glass. It's at the poker table. It's starting to become, it's starting to become fade a complete like I'm a bit disappointed that no one's donated and no one wants me to do this. And I'm going to lose a point one. The beauty of the donation things that this way I could break even. Anyway, but yeah, I'm going to wear the hat, the goggles, the suit, the whole thing. It's going to be fun. If you wear the hat to you, that would work. And so, and I think what you should do is you should do, um, age, you just do a separate video just about you playing poker with the outfit on the goal. Yeah, I mean, I don't know what kind of location the tournament's going to be in yet. And obviously I respect casinos and casino rules. Um, but if it's in some kind of like conference room or something and they don't care, uh, all slap up a camera, try to record this thing. I'm thinking about trying to wear a wire, trying to record some audio for you guys. And maybe try to make one of those ESPN poker videos out of it. Uh, I don't think we can maybe on one hand or on the last hand, we have the card things we can do commentary. I don't know, but, uh, pretty much I'll probably be on the sidelines, uh, goofing off on telegram or, uh, periscope or whatever it is soon enough. Uh, but you can donate here. It's not too late. You could pause the video. But, uh, Theo, good, Matt, do you have a prediction or a story of the week? Uh, mad bitcoins to obviously win the poker tournament. It's a pretty good prediction. Yeah, I have, I have, uh, I have a double shell of the week. So we're going to first chill, uh, mad bitcoins, uh, going to the poker tournament and, and winning and, and beating everybody. And of course, he can't play. So don't worry about his skills. You know, he's, he's horrible, you know, he's just so bad. Yeah, because make every, just don't tell anyone he's really good. Just make everyone think that he's horrible. He's on the right track for that. And, uh, you know, he just puts on those mad bitcoins glasses and nobody can read him. Uh, the second chill I have is the, um, is the tab conference in Atlanta. Okay, it's, uh, February 8th, 9th, 10th. And I have a discount code. It's bitcoins, BIT, C-O-R-N-S. And you get 10% off T-A-B-C-O-N-F.com. Tab.com.com. And if you put the code bitcoins in, you get 10% off. I'll be there. You can meet me in person, 100% real. And a lot of other cool people check it out. Tab conference. All right. Thank you. And, uh, check it out at tab.com.com. Got the website up there. Uh, Max Hilla Brand prediction or story of the week. And, uh, you need to show everything, of course. I will never, ever be annoyed again with the cold card keyboard. Why? Because there's a new version, Mark II of the cold card. And guess what feature it has? Buttons, like real buttons this time that actually work. What? You cannot type in the pin without worrying that your sweaty fingers are going to type in the number seven, eight times. Oh, that is fantastic. Finally, thank you, NVK for making that possible buttons on the cold card. That is my prediction. Never, ever will I ever be frustrated with this magical device because now it is perfect. Buttons on a cold card takes a simple things to satisfy Max there. And, uh, just one more time you can to donate to this fundraiser. I think it's broken. Maybe this Bitcoin address is invalid. Uh, but once again, you can also get your own tally coin fundraiser at tally CO dot I N. You don't have to be in the Indian market. You can just use tally CO dot I N. It's a free fundraiser. You just get a Bitcoin address. You have a goal. You put it up. Uh, he's even got it now. You can put in some text and a video. You can have it count down. We only have six days left, uh, to raise this money before mad bicoons will, uh, have to compete in the poker tournament and lose all on his own. But you guys want to watch it. We want to make shows out of it. Uh, also remember Dan's going to come out here. Uh, you could donate to Dan. We just got a new donation to Dan and also on Dan's fundraiser. You can do the lightning network. I still need to go set that up for my fundraiser. I'm behind the times there. Unacceptable. I would say Pierce no longer donating to, uh, to MAPI coins. Uh, we need to peer pressure him. Well, it's okay. They've all, they've already stopped donating. So, uh, the pressures already sent. But, um, thanks again for everybody watching at a great show. Uh, good stuff. Hopefully we'll be back next week. Uh, we try to arrange these things. It's always kind of last minute. It gets more and more last minute. But thanks to everybody who gives a thumbs up and a share. Be sure to subscribe down below. Uh, there's Bitcoin donation addresses and tally coins and all these things. But until next time, bye, bye.