#206 โ€” The Bitcoin Group #206 - Bitclub Mining Ponzi? - China Gold Backed Crypto - Bitcoin Hex - NFL Bitcoi

๐Ÿ“… 2019-12-13๐Ÿ“ 7,996 words

the all Bitcoin group. The American original. For over the last 10 seconds, the sharpest sitoshi's, the best Bitcoin's, the hardest crypto currency talk. We'd like to welcome our panelists, Dan Eve, the crypto raptor. I like turtles. Ben from BTC IOT. Hello, how do you do? Corey from Bitcoin podcast. Hello, and I'm Thomas Hunt from the World Crypto Network. Moving on to issue one. Issue one, it club, Ponzi. According to wired magazine, this Bitcoin scam looked a lot like a pyramid scheme. I've been now faced federal charges of building investors of $722 million by inviting them to buy shares in Bitcoin mining pools. Of course, you already know about this because we talked about the Bitcoin club on Bitcoin group number one 24 tone, of course, called it a scam and a Ponzi. Maybe he was right. Dan Eve, what do you think about the Bitcoin club? Well, it sounds like they're going to be in a bit of trouble quite a little bit. I think there's what they're all three of them up for like peddling security charges and two of them on fraud is it? So, yeah, it's not looking good. It's never good when people get scammed and it's bad. You've got to do your research and stuff. Sometimes there are opportunities, but most of the time it's a scam. Ben from Wales. Yeah, I mean, it's kind of a product. I mean, in the all of this Bitcoin land, it's quite easy to have a business which either ends up turning into a scam or goes out which way to become a scam from to begin with because the so little regulation. That's kind of the point of the whole thing. But these guys, as you know, as you said in your show and you point out to viewers that these guys to begin with seem very scammy and very much in the game of enriching themselves. So, yeah, it was which one we could you could sort of see coming from a mile off. But if you're kind of a no coin and you hear about Bitcoin and you want to get some and you don't know how to, you know, mine it and then you Google the wrong thing. It'd be very easy to kind of fall for a scam like this. So, you know, my heart goes out for those you got ripped off and hopefully, you know, they might be able to get some of them when you back. Sorry. Well, I don't know too much about this company in particular, but I know that in general cloud mining. I've talked to a lot of people who made a lot of money in cloud mining in general and they didn't make it through the actual mining itself. They made it all through referrals. So if that qualifies in and of itself as a scam. Then I guess that's just a matter of perspective. But over the last couple of years, we've seen a ton of companies pop up with various new coins, new investment schemes. And I don't necessarily think that everyone out there doing the starting companies are scammers. I think that some of them are well intentioned, but just very unaware of the landscape and not really familiar with how things work or how they'll be perceived. This company in particular, I don't know too much about, but everyone should avoid cloud mining at all costs, no matter what. And this was another company where they were promising returns that looked a little too good to be true. They had a good idea they bought cloud miners in Iceland. They were a major minor of Bitcoin for a while there. So we might see a hit on the Bitcoin hash rate. They had real mines in Iceland. There was a point there where Blake Anderson and I were going to tour the bit club minds. It would have been very cool, but they wouldn't agree. Blake wanted to see their books and to understand how it really worked and they wouldn't give him that kind of access. So we didn't get to go on the tour. I did hear a little of the things from the inside from the underground. I heard that the people that were working there who I knew were doing very, very well traveling around the world having a good time. I don't know so much about the Bitcoin. One time I heard everyone got paid and it was fine, but the problem with these Ponzi or potential or a legend Ponzi is eventually not everyone gets paid. Let's move on to the exit question. Was this a scam? Was it an obvious scam? Dan. I think reading up it sounds like it was an obvious scam. I think that that's why they've got the four charges. Two of them intended from the start. So it's not looking good. Ben from Wales. It's not looking good, but then it is, you know, they have all these people supporting them in the same old things they're making everyone happy around them. And there's an only regulation there. It's very easy to kind of walk into being a scam. So they may have started out with good intentions and then just been taking away with the ride and then coming scammers. I think that often happens quite a lot within Bitcoin. I hope to think that that's what actually happened, but you know, no likelihood from the onset. They were probably trying to, you know, let people off, which is a cause of shame. Corey. I remember first hearing about big club way back in the in the good old days when BitConnect was the go to scam. And a lot of people got involved with BitConnect. I'm going to steer the conversation a little off just for a moment because to this day, everyone still believe that BitConnect itself was a scam. And my opinion is a little different. So everyone thought it was a scam because they're paying 1% per day forever, right? Well, Bitcoin rose to over 2% per day every day on average for the whole year. BitConnect coin rose 8% per day on average for the whole year. So 1% payouts for BitConnect was a drop in the bucket compared to the amount of money that they were genuinely just printing. So if you're going to call something a scam, definitely take a deeper dive into it, find out who's running it, where it's being run from and all that kind of stuff. But big club has been around a long time and that the fact they've been around a long time kind of help a gardener their reputation a little bit is not being a scam. But again, cloud mining in general is a scam. And if you want to make money long term, just buy and hold Bitcoin. Well, in the way a Ponzi scheme works is you take in new money to pay off the old money. So as long as it you're taking in new money, it seems like everything's going fine and you can pay off the old money. The only problem is when everyone wants their money, it all comes tumbling down. So I agree with Ben on this, probably the best of intentions wanted to do something good for Bitcoin. But then so much money came in so many potentially, I don't know millions of users on this platform. Even if they were mining, even if the price of Bitcoin was going up still it doesn't sound like everyone was paid. It sounds like the structure was bad. I don't know, but it doesn't look good for for a big club. You got to remember as well, like within Bitcoin, a lot of these people, they were, then that, you know, they're not sort of your no coin, a part of the no coin, a business world and quite a niche market. Well, there's not many people who think to kind of make businesses within Bitcoin. So there's a lot of just, you know, ill equipped business leaders just at that point, there were a lot of equipment business leaders just within the Bitcoin ecosystem, which in the real world of business wouldn't be able to make any money at all. So there's just a lack of competition among sort of CEOs. So, you know, that's incompetence is a lot as we see with things like empty gosh, you know, a lot to play in this sort of scenario. I also think it's worth noting it's it's not the fault of the people who invested in this. It's not your fault if you're a big big club supporter or if you like this idea or you thought that it could work or maybe like, or even got returns. Maybe you had six great months on BitClub before it went bad. These kind of things, but we do potentially as a community have to prepare for all of these new people to enter the community and for them to be very upset that they've now lost their whatever was BitClub tokens that we're going to get them more money because, you know, sure they made a little money, but they probably didn't cover the same thing with the BitConnect same thing with maybe the beat cashews losing 95% of their value in a year. All these people we have to kind of welcome them back in, but we have to prepare for them to be a little salty. They've lost a lot of money things did not go out well. Well for their plans moving on to issue three, the next Pearl Harbor China gold back crypto currency will blind side the US dollar. Everyone's excited about China and cryptocurrency after saying that blockchain was great president Z's outing is destined for another collapse and another come another confrontation with Bitcoin. So, first he said blockchain was great. Now they say that China is making their own gold backed cryptocurrency. Then from Wales, will China's gold black cryptocurrency be a success will it challenge the US dollar will it knock Bitcoin out of the spotlight. If China do want to challenge the US dollar then probably the best thing they can do is make a gold back a gold back Chinese crypto currency for people to try to do all in. It would just be a superior money to the US dollar, but that's kind of the point like you see in software. So you have the you know free and open source movement and it was a direct challenge to the proprietary system and to begin with they just kind of struck it off as you know this distinct can possibly challenges. And after a while they realized they needed to adapt and incorporate some of those tools into into their into their into their proprietary system. And it's not the same in money, you know, proprietary fear is now realizing that it has to incorporate some of. In order to compete with something like Bitcoin has to start incorporating some of the technologies and it's dipping its toes in the stable coin area. If if some of these baskets of assets and if it's what's behind you know the stable these stable coins. Whether it's China or it's you know Zotbox. If they're fairly well secured, then it could be you know a better money than people have currently in those countries or whatever. So so yeah it's working towards better money. It's not as good as Bitcoin obviously. But it will it could be a direct competition for for the US dollar, but then you know ultimately what what could the US do to challenge it and that would be to start with Bitcoin. So could be good. Mr. Corey. Well the idea of anything back to cryptocurrency to me is ridiculous. Bitcoin itself is backed by the integrity of the network. So when you're planning simple, you don't need anything to back it. And so when people come out with these new currencies that are backed by something. It just tells me that they don't understand the fundamentals and ultimately that will lead to failure. So that's pretty much my perspective. Crypto Raptor. Still muted. Oh, I can unmute you. No, maybe I can't. Well, I actually just finished working kind of with a project of a gold back asset. Yeah, side chain. But I think that there is value in asset back chains at the end of the day. It's better that you have a currency that's backed by something than not. So I think it's a step up whether you know countries end up adopting Bitcoin. I don't know with the China and. So the best thing I mean like was it Donald Tusk recently said that the dollar is kind of you know a strong hold on the world. And I think it's clear that China are trying to gear up to take on the dollar and become like you know the one world currency. It'd be great if they're not Bitcoin as a as a anti measure. I agree with Dan. It's definitely a step up and a digitization of Chinese currency. Real tough position with the success of Ali pay and we chat. They have to do this. They have to digitize their currency as well as we've been talking about negative interest rates. If you're going to do negative interest rates. People are going to withdraw their money from the bank. You have to have a way of penalizing that you have to get rid of cash. This is one of the steps towards getting rid of cash China is getting out ahead of the US here. A lot of people were talking about Libra. They were afraid of it. They were worried it was going to cause problems internationally. Now we see the Chinese could have their own version of Libra that they would control directly from top down. So again, you have to decide you prefer Zuckerberg. Do you prefer the Chinese government? You prefer Satoshi Nakamoto. Obviously where Satoshi can't appear but the rest of the world. All of this again, it's digitized. It's on your phone. It's superior to cash. It's superior to your local currency. You have a bad local currency like the Bolivar something like that. This really could be world changing. We've already seen signs in America of companies accepting Ali pay accepting we chat here. That's only one step away from saying accepting Ali pay with the Chinese coin accepting we chat with the Chinese coin. Why not WhatsApp with the Chinese coin or the Zuckbuck coin either way. I think we're seeing a lot of unique waves of other coins where Bitcoin will rise to the top. But these other things will take 90% of the share Bitcoin will go in the back maybe be a drug currency, maybe be a libertarian currency, maybe be a freedom currency with these other things might be more popular currencies. Let's move on to the exit question, which is pretty much that Ben from Wales. Will the Chinese coin be more successful? Will the Facebook Zuckerberg coin be more successful? Will Bitcoin fade into the background as kind of a drug libertarian money while these other more popular projects take the mainstream. I'm one of the believes that we sort of as a human race we drift towards more more freedom. So you can't have that with the political money. All fields of economics agree that having an apolitical money is good. You know the Kenzians and the Austrians and even the Marxists believe that the apolitical money is good. It's just how you make the apolitical money. I won't have my little rant about the bank or and Brett Bretton Woods, but you know they've done that before. And John Nash as well as another one who talked about ideal money and this idea of a competitor to controlled money which would arise. So we're just seeing that process and we're just seeing a drift towards more freedom, which means that obviously Bitcoin will be the ultimate winner in this game. But you know some go back currencies by businesses or by countries kind of make sense as a journey towards that. Corey sitting right next to me. Again, I'll reiterate that when you have a cryptocurrency in and of itself, if the network is strong, you don't need to back it by anything. And so I am definitely a Bitcoin purist and I see all these attempts at coming up with currencies that are not Bitcoin are just putting off the inevitable. And it's very frustrating. So I think we have a couple more years of seeing new currencies come out new backed currencies come out backed by who knows what. But I'm expecting within the next two years by August 2021 for Bitcoin to have really kind of claims to top spot. Dan the crypto raptor. Well, I reckon I reckon that if they do come up with it, I think it would be quite popular. If I'm honest, I think the reason why is that I think that is that not everyone values the same, you know, principles in one man's trash is another man's treasure and kind of like the whole art like art debate. You know, that is that banana on a wall. Is it art? Is it worth something? And there's always going to be people that see value in something or a wall are happy to have trade off. So projects, I think that use the Bitcoin blockchain as a protocol like for time stamping for verification data. I think that's a great use. But I do think we're going to see continue tokenization of all sorts of assets and probably, you know, to the scale that even like, you know, all commodities like wheat and corn and ship will be 24, 7, tradeable on chains backed by whatever somewhere. There's auditable and there'll be definitely probably well, I'd imagine more transparency than not saying it's bad, but teller, for example. It's backed by Joey in the back. But I agree with Dan, I think that these coins will be successful. They will be popular. The Facebook coin, the China coin. They'll be installed to a massive user base of millions and millions of people will instantly find it easy to use. And that's what they're looking for something that's easy to use Bitcoin will exist in the background as another option that's not so easy to use, but allows you to do other things, other things moving on. Did you know the world crypto network has its own podcast at world crypto network podcasts. Or on Google or Apple podcasts or stitcher or Spotify, Spotify or whatever podcasts are sold and watched. Check out the world crypto network podcast issue three hex Richard hard is back. The former contributor to the world crypto network has his own coin and it's called Bitcoin hex. He's learned from Bitcoin cash and Bitcoin diamond and Bitcoin, rodeo and the other ones that you should just add your name onto Bitcoin. He's allegedly offering certified deposits where you could deposit or lock up your Bitcoin in a series of smart contracts receiving hex coin in exchange for Bitcoin or something like that. It has a lot of moving parts, including its very own Ethereum token, which you can buy presumably at Richard Hart's website, whatever that is, dot win. And a lot of people have called it out. He was on the Peter McCormick show, I think for three hours, he's talked to tone, but that doesn't matter the hex coin raised $100 million for Richard, something like that, an incredible amount of money. So we're going to start with you on this one. Corey, are you ready? What do you think of Richard Hart and the hex coin? Personally, I like Richard hard. I've had many conversations with the guy and you know, here's there's two ways to look at this. Number one, you can look at it as it's a scam like everything else that seems to pop up. Or number two, you can look at it like everyone else is printing their own money. So why can't I? Right. So depending on which camp you fall into really is going to determine how you feel about it. And personally, it's to me, it's just more, it's more noise in the background. It has no impact long term on Bitcoin itself. And if you can get in and make some money, great, but it's the people who are going to lose money in the end that who wish that they would have put their money in Bitcoin, I think. So I'm very neutral on it. For me, it's just it's just scenery in the background. Dan, crypto raptor. Well, I haven't really read up much on this hex thing, but just in this article, the way is it being explained, it's definitely like death by jargon with adoption amplifier and donating your coins instead of actually like buying them all. You know, well, sorry, donating a theory of instead of an actual transaction being done that would probably put it into the realms of a security. But yeah, I mean, I definitely seems like it's very overengineered to try and confuse people into buying it without really knowing what it is, but throwing in there. Was it 10,000 percent, 10,000 extra turns in under 2.5 years and who wouldn't throw money into that? It does seem like a great deal if it pays off then from Wales. Yeah, so you are actually donating your Bitcoin, you're just donating it's your Bitcoin to Richard Hart, and that's what this whole origin and dress thing is. I think it's I don't think it's probably 200 million yet, but I think by the time that this comes kind of played its way out, it would be worth 100 million. It's incredibly clever guy and equally like Corey, I like him and he said some great things in the past and he's made some great calls and I've followed some of his great calls and made a little bit more on the side. So I can't give too much crap, but the so much engineering which has gone going into this project and so much kind of high game theory and game incentives to try and encourage people to hold their funds and to use, you know, use it to buy more to buy some of this hex token. And then in rich Richard, so it's it's the whole things engineered for him to make a lot of money, I think by the end of it, he'll own. I think did the article say 45% or maybe that's another article I heard he'll own 45% of the all the hacks plus 100 million dollars on 100 million dollars or maybe more in Ethereum as well. So it's going to walk away incredibly rich from it. I do think there's probably some of the mechanics within the hex thing itself, which is quite interesting and might end up being used for something good in the future. Again, it's the Wild West culture of Bitcoin, you know, someone can come along and do this kind of thing. The plexing thing is, you know, he is essentially giving Bitcoin is something for free. And I'm sure a lot of Bitcoin has have claimed that X just in case it makes a little bit of money. So it's really the people who are then buying him with the youth, who are the ones who are going to lose a lot of money, I guess. And then I suppose maybe for the people exposing the wildest for what not. And he's kind of an artist and scammer, you know, he's like he's he's he could use his powers for good and he has in the past, he's used it for good. And he could use it for a lot more go on this planet, but it seems that he's quite obviously quite consumerist and he likes his nice things and he's he's chasing he's chasing those big bucks. So, so you just got kind of watch it play out. It was quite entertaining the discussions he had with some of the sort of maximalist types. I think he kind of gave it discredited. Their arguments against him as a scammer because they were coming at him from this kind of maximalist standpoint, which in itself is inherently, you know, a bit ridiculous. So it's been made to become a bit ridiculous. I think the only person who didn't come off as as ridiculous was Jack Mozuco, but at the very beginning, he made a point of saying, look, I'm not, you know, I'm not coming from that angle that, you know, everything on this planet. Is a scam apart from Bitcoin because that's clearly clearly, you know, the overall standpoint. So I think I was right, why is it Jack Mozuco? And he walked away from that discussion is and he was the one who, you know, held, I think Richard, that's to the most account compared to all of them. So, so yeah, so it's fascinating to watch and I would just see how it plays out. I agree with Corey that there's two kinds of people, the ones that want to print money and the ones that don't want to print money. Richard saw everyone else printing money and he said, hey, me too. And there's nothing wrong with that. He's even pretty much discussed it. You could kind of watch it in his videos, watching his kind of turn from this maximalist. I hate altcoins to more like, maybe I should have my own altcoin. Like Ben saying, maybe it should be really complicated and paid of this pile to that pile to that one and then somebody gets rich and somebody else gets rich and all those kind of things. Like he said, it was an artisan scam. It's just a beautifully done and just a practical practical beautiful piece of work. And everything's in that month, everything's in that. Well, it's a lot like ice on hex is a trading. I don't know if it's trading. I don't know if we have a price. It's a lot like steam it, right? Steam it was a really cool idea. We were going to pay bloggers, but then they had three different coins and this one was the stable coin and this one was the steady coin. That's the other. There was all these different wheels and the all spun together. And if they spun just right, like for a while, I really thought BitClub was spinning just right that the price of Bitcoin had gone up so much that they'd be able to pay back the people with what they mind. I don't know what happened on the internals. They don't seem like they paid people back, but the same thing with the hex maybe the internals work and everybody gets paid back, you know, for the first six months or for the first six years. I don't know all these kind of things, but it just seems like yes, he went into this money printing thing. He's into the money printing now. He's killing it. If he really does get a hundred million dollars. Hey, Richard, how about a million dollar donation to the world crypto network here? That's now we're going to happen. One of the club was up. It's like they could have donated to us as well, but instead they'll go down with the money or they'll burn it on drinks or something. Go ahead Ben, sorry. Just one of the charming things about him I think is that he is clearly beneath all a very good person. It's just so misguided and it's you know, it's you just want to kind of put him on the right path, you know, hopefully you'll find it one day and he won't cause too much damage on the way. I love to take down in more to like his questioning of what's his name, Craig right. He was grilling. Craig right. He did also he did a great interview with tone recently or like a back and forth debate thing and I agree with Ben. I think I think Richard is a good guy. I do like him. I think he's intelligent and above all this again, but I think he has a moral flexibility. If you know anything about his past, according to the internet allegedly all those things. I sold out, but it's like a 16 year old. So he spams a bunch of people they buy a product that's you know penis and large man or something they don't need or something that's. Just a scam maybe they just take the credit card. I don't know anything about what he was selling. But and he started and he told his story before he was he was hustling car cereals. He was a hard worker. He you know buys something for less sells it for more. This is fine. This is America and even with the spam thing somebody bought it. They had their own free will. They chose to buy it. I never bought anything from spam all these kind of things. But now he's back. He's got a new thing. I think the guys are all upset. There's a supporter of hex in the chat. So we'll have to have an important hex chat later. Talk more about this. But I think Richard is a good guy. But again, he has this moral flexibility. So I think we'd have to talk. Okay, so all right, let's move on to the exit question. We've seen other altcoins come and go recently. I saw a great chart that showed that Z coin and basic attention token. We're both worth less than dogecoin setting dogecoin as our marker will the hex project be worth more or less than dogecoin next year. Corey. Next year I'm assuming it'll be worth more, but long term they're all going to zero except for Bitcoin. Dan Eve. No way doge is going to rain doge rain. Ben from Wales. That wouldn't be worth less because you have to lock your Bitcoin off for like 365 days. So everyone will be unlocking and trying to ditch the hex in like 355 days, whatever is. So we should be worth a hell of a lot less. That's when it really. So. Does he know he's me. I think you meet me. I'm not going to say. Just see in any to introduce us this topic. Dogecoin is going to go far. That's not so. Issue for NFL cleats. A player for the national football league named Russell O'Conn for the Los Angeles Chargers has got some new shoes this weekend. And the NFL players have their own cleats just for one game. Well, other players have chosen to highlight. Other players have chosen to high. Are we still muted? Are they staying? I don't know. We're in more on a delay. Well, other players have chosen to highlight charities and other great causes. Russell has highlighted BTC pay server. And of course, Bitcoin project, which challenges bit pay helping people pay for things in Bitcoin without using a middleman or a trusted third party. Pretty amazing for Russell to wear these cleats. But he might get some blowback from the other players in the NFL for not supporting a charity. Let's start with Corey first. What are your thoughts on the NFL and the magic shoes? I think these magic shoes are truly magical. I think that the more high profile people that we have who are actually engaging with Bitcoin and trying to spread that awareness, especially something like BTC pay, you know, he's not. He's not being superficial here. The BTC pay is legit and for him to know about BTC pay in the first place speaks to speaks a lot to his level of understanding. So I think that we need more people to be sporting BTC pay shoes. And that might be one of the quicker ways to get. To get further adoption is through having high profile people. She'll Bitcoin. Dan Eve. Yeah, definitely agree with that. I think the more big names there are that are indoor. Well, I'm saying dorsing it, but showing understanding of it. And I think you made a really good point choosing BTC pay server as a good cause. And like you mentioned that some people might critique it and say, well, why isn't he doing it for like water project or something. But there's, you know, Wikipedia is a charity. People, people donate to whatever cause. It doesn't mean that they don't support whatever else there is that they could have picked life. Cancer treatment or whatever. So, you know, I think it's, I think it's good that Bitcoin's in the line line. If only he had chosen cancer treatment, it would have solved the whole problem. Then from Wales. It's a good cause, man. Like it's helping give a lot of people off freedom. So it is a good cause. And the shoes look great. So, yeah, no, it's it's it's good to have another public sponsor off Bitcoin. I heard the whole Tony Hawk himself is going to be doing Bitcoin 2020 in San Francisco. So, yeah, that'd be cool. I didn't realize he was into Bitcoin. And would told me that he's these like an OG Bitcoin. He's he's always been following the Bitcoin is going to be doing a talk there. So that's going to be great. So, yeah, no, it's they look cool, man. I hope if they sell those shoes, people buy them on a BTC pace. I think it's very cool as well. Also like Corey and everyone was saying it's great that he chose to highlight BTC pay server instead of just highlighting Bitcoin or highlighting even just a Bitcoin charity. And it's an open source project. And it's just it's kind of the nerdiest thing I've ever seen from a football player. And I think that's awesome. I think we need to reach out against all different groups of people. A lot of people are into football who aren't into Bitcoin. The same kind of thing when earlier events like this have happened with celebrities. Let's move on to the exit question, which is the greatest celebrity Bitcoin interest. This one right here with the BTC pay server cleats Katie Perry with the Bitcoin nails on Instagram. She also had alt coin nails. Or I can't think of a third celebrity. Oh, no, then the the soccer team football football team that had a sponsorship that says Bitcoin and has Bitcoin on the thing. So sponsored soccer team the cleats with BTC pay server or Katie Perry Corey. You know, I'm not sure. However, I'm going to remind you of Steven Segal, shelling Bitcoin, with the extra eye in there. I thought that was the comedy gold. He's a he's an Ikea guy too. I loved it if he was into real Bitcoin. It was a bad Google search like when you search on cool and you get a totally different. So. Yeah, but I don't know these other problems. These other backing. What you're going to choose what's the one you are choosing the cleats. You're going to choose the cleats. Yeah. Right. Dan over there and you're going to go with the soccer team. We're going to go with Katie Perry shoes or Karen Perry's fingers or the cleats. It's got to be got to be the cleats. You know, great, great cause load publicity. I mean, Katie Perry might have a big audience, but I think that the thought of it, you know, NFL. Is it NFL? NFL. Yeah, I think it's a great. Where in it BC pay server sick. Ben from Wales last chance for the football team. What about us? No one's no one's poor. Perry knows don't care. Perry of the. You know, she at that time in 2017 or whatever was once the fingernails and all the shoes. I'm sure I don't know my fucking celebrity politics, but I'm sure that she's shelled Bitcoin to a lot of people and then people around her loss a bit money buying it. You sort of see a lack of support now from from a lot of these people. So it's cool. This guys come out with the shoes and I'm showing the next big pump that will be on the back of Bitcoin. It was great to see Katie Perry and the nails, but remember she also had alt coins on her nails, like Ben saying, if you invested in Katie's whole hand, you might have lost money. I like the the football team that had the sponsorship. It's a very cool. It was not even sponsoring their company. They just put Bitcoin on there. They put a Bitcoin logo on there. But like Dan sang Russell O'Conn really comes through here with the BTC pay server cleats. It could have been a Bitcoin company. It could have been Bitcoin itself. Instead, it's this kind of nerdy open source project. I don't think a lot of people know about it. I've got a t-shirt from them. The other room. We had a great interview with them at bit brum. Check that out right here on the world crypto network. Uh oh, getting a phone call. But we're also running out of time or moving on towards the end of the show. Dan, are you ready with a prediction or a story of the week? Story of the week was the last Friday. It was last Friday. Yeah, last Friday. It's one week ago. I was I know this will probably, you know, ruffle a few fellas because some people that they're a bit, you know, contention. But I wrapped a coin base coin bases Christmas party, which is pretty cool. London. So did my tunes. A bit of wrapping that's singing. They have random jibber java in between. One pretty well. Very cool. Good job, Dan. Did you wear the Nile Hottle? I think. Do you know what I was wearing the t-shirt underneath? It is. I don't need rock in the Nile. Very cool. And a cool of a coin base for having you as well. Yeah, definitely. Coin base. I said it right. All right, Ben from Wales prediction or a story of the week. Go ahead. Well, the story of the week and why I'm pretty tired. I've been working on my most recent hack. One of my big problems with. I like some level of custodian ship for some stuff like I don't expose all my funds and my note to be dicking about with my little devices and so on. Or five and ATM. I don't expose all my funds to my ATM. So I've actually been building kind of like a simple python wallet, which can sit on top of any funding source. And you can generate multiple accounts from it. So I've actually got it up. It's like really hacky at the moment. Currently, the fantastic fear Jeff and Anna co as well, which is a great developer, python developer. They're going through my shitty code and fixing it, which is very kind of them before we kind of like release it to the public is a free and open source completely free and open source project. So can you see, can everyone see my screen? You can see that. It looks like it's a little bit small. Maybe I need to. Can you see like the full screen? I think we're going to see the full screen. Yeah, there we are. Cool. Can you see like when my cursor is now. Yeah. So, so the way this works is like simply I can just put in like any name. I'd use foot for wallet and then instantly generates a wallet. I can like receive funds. So I can like generate an invoice for you know, a lightning invoice. And then it generates an invoice so you can send funds to that. And then when it when you receive the funds, obviously it updates the balance. You can always you can also like send funds via pasting an invoice. There's the ability to be able to use a camera. This water works for mobile may I add. I think if I want to be able to see this if I like make it sort of mobile ready. So it's kind of mobile the mobile ready version of the site. Now one of the cool things is that I can have this wallet. And then if I click down here, I've got API keys just for this wallet. And if I want to generate a new wallet, say for like I don't know, an M5 stack sets. I can generate a new wallet and that'll have completely different API keys, which you can use to plug in to that to that wallet is completely free and open source. It'll be easy to kind of download and and pot on top of any funding source you can put on top of, I don't know, an L and D node or a sea lightning node or even like you could use open node as a funding source if you wanted to. There will be some extensions built into it as well for making fun things like faucets and so on. Let's see if this works. I've got one of my M5 stacks out here and this is actually connected to one of my LM LM bits wallet. I can just see that we are I can just see the logo running up there. And then there we are. So this is actually just connected directly to the API of one of those wallets. So once it launches anyone can just go on and just like generate while it's easily. It's like an Insta wallet. So the wallet itself, you don't really have like the currently you don't really have like username and password. It's just a URL which you bookmark. There's also some other cool functionality, which I'm going to be working into make it function with the ATM. So I'm looking forward to kind of showing how that's going to work. So it's a really simple account system which you can stick on top of a funding source. Also has some funky stuff you couldn't see as well. Like it has when you do some transactions has like a nice table for the transactions and also has like a line graph of your transplant spending habits over time. And then you can actually do some of the things that you can do to export to CSV as well. So you can like put into your quick box. Part of the motivation behind this is that obviously, I'm 77 in Berlin, you're the owners using one of these things to accept payments. And it's actually done so well. He's in this funny position now as a cipher punk and a crypto anarchist, these were pays taxes and hasn't really got a record of like all these transactions or just muddled up with regular normal lightning transactions and his node. So you can export CSV out of and then you can bring into his quick box and you could use for his taxes or whatever else. So very cool, really excited to get it launched. Hopefully you know, fit Jeff and then I could do an amazing job. So I'm going to let them do their thing and then you know, try not to get in their way too much. And then hopefully I'll be releasing it this weekend with a like a tutorial or all that sort of stuff on how to run it yourself. So yeah, really looking forward to that. That sounds awesome. And good luck. Yeah, great. Congratulations, Ben. Good stuff. All right, and Corey, are you ready with a story of the week or a prediction? Yes, prediction. We have to August 2021 of volatility in Bitcoin prior to the breakout. The breakout will come before August 2021. And this I determined based on the 14,000 data point that we got a couple months ago. That seemed to come out of nowhere. But if you chart the dependent pattern that started back in 2012, that's when the pen and completes so expect something big in the next year and a half. August 2021. There you go. Well, remember we do have the have been coming up in May of 2020. That could be good for Bitcoin too. We just want to remind you we're still having the mad bitcoins 2019 fundraiser. You like this show and the other shows that mad bitcoins works on donate now to the QR code on your screen. We accept Bitcoin and lightning where 4.84% towards our goal. Thanks so much to everyone who donates and sports. The show gives us a thumbs up and a share. Just want to say glad to be back on these shows. I took some time off. Try to relax a little bit and Bitcoin and the news just kept going. So it's good to be back with you guys talking about Bitcoin and the news. We hope to get back on more of a regular schedule. Now that I'm home for a while again. Not much else will try to bring back Bitcoin talk show some of the other shows around here to try to get Dan maybe Corey maybe bend to do a show again. Get them back on it. Get max back on here. I haven't seen enough max lately. So that would be great. But thanks again to everybody for watching. We're just going to end this make this quick show some chilling real quick. Corey, okay, you want to talk about podcasts. Okay, so the last almost three years I've been working with Thomas and tone and Jimmy and Safedine and handling all their podcasts audio uploading and all that stuff. And the fundamental problem that I've run into is trying to monetize podcasting. And over the past six months, I have developed a new monetization system that basically solves the ultimate monetization problem for content producers. At least the low level guys right the guys with a 500 listeners 1000 listeners. I'm looking for people to beta test my new system. If you can go if you're a content producer. If you can go to monetize dot VIP and fill out the little form at the bottom. I'm looking for probably somewhere between 10 and 15 people to help me test this new system before I roll it out. Also, I need a wordpress expert to help me do all the things I can't do. So if there's anybody out there who knows WordPress really well, please hit me up. You can hit me up at Corey at monetize VIP calm. I'm sorry. Corey at monetize dot VIP. And that's about it. All right, very cool. Check it out. Corey is going to monetize podcasts. And like he said, he's been helping us out converting the Bitcoin group and all these other shows into audio podcasts that then you can download and check out on iTunes. So until next time, bye, bye.

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