10 seconds. The sharpest Satoshi's, the best bitcoins, the hardest crypto currency talk. We'd like to welcome our panelists, Ben from Wales. Then Eve, the crypto raptor. Good evening. Josh Gagalla from Vol Toro. Good evening ladies and ladies and gentlemen. We're going to come from the world crypto network. Moving on to issue one. Issue one. Iran Bitcoin. As economic sanctions continue to be successful against Iran, shrinking their economy by as much as 10 to 20%. Iran is developing a cryptocurrency strategy. Following the results of a survey showing that 25% of the Iranian people are using crypto and a 2019 decision legalizing cryptocurrency mining. Iran has now announced they're launching their own cryptocurrency. Ben from Wales, I ask you, will Iran's strategy be successful? Is Bitcoin and cryptocurrencies ending the power of international sanctions? Yeah, absolutely. Before I say again, it's one of the properties of Bitcoin, which I'm most excited about. It's apolitical nature. If you're a true blue US patriot and want to, the US to have world dominance through their currency, then you should buy dollars and you should invest in American companies. If you want an apolitical money, which anyone can use to trade really without sanctions having so much of an impact, then you put in something like Bitcoin and the Iranians can see this. The price spike after the salamami thing, which we spoke about last week. It's Bitcoin being used for what it's supposed to be used for and the people who need to use it now, the people at the Iranians, for example, they're the ones who are going to make use of it. I think it's fantastic because it's not just the government who are making use of the cryptocurrency technology or whatever, but ultimately, I think Bitcoin. It's also just the general population, they're quite Bitcoin friendly in order to secure their wealth in case there's a conflict, which happens with the US, then they poured a lot of capital into Bitcoin. That's an exciting thing. It also means that if you're building tools, if you're developing things for Bitcoin, I'm a software dispute with Bitcoin, then those people can benefit from it. Normal people can benefit from it to secure their money. This is how Bitcoin is actually going start to be used more and more is to avoid sanctions and it's good overall for Bitcoin. And Eve. Quite that. Well, I think it's definitely good that a use case has been demonstrated. There's probably less people that can relate to it other than normal libertarians. So it'd be good to see another real-world incident where someone's wealth has been taken away, like Justin Bieber and then everyone gets all up at you and they're like, oh no, if only you have Bitcoin, because then there's a lot more people that can relate to it, I think. It sounds a bit odd, but we live in crazy times. So the other thing is that I think that we run when they did legalize cryptocurrency mining, or what Bitcoin mining, I think they had remembering they had free electricity in the mosques. So a load of people started then putting a load of the miners in the mosques and like rinsing as much electricity as possible. I think they did eventually scale that back, but it's definitely a very interesting use case for Bitcoin that is avoiding international sanctions, is P2P money, it can't be stopped. So it's a great example of Bitcoin in action. And yeah, I think it definitely shows a bit of a threat to the dollar. Josh, good gola. Yeah, I find it always hilarious that a government can say that they are legalizing mining. You're going to legalize someone doing some math to try and find a hash. It's so weird, especially around, this is the birthplace of certain mathematics here really ahead of their time when it comes to math. And to ban math is just a strange. Anyway, that aside, I don't know if I should say this, I guess I will fuck it. One of the first aha moments I had with Bitcoin was around about probably, I can't remember the exact year, probably around about 2012. And there was an Iranian kid in his month basement making music. And he made this awesome album. I don't know, I was just remembering, this is wild, really nice. And he just released like half of each song. I was like, I want the whole song, I want the album. And he goes, and I looked how to pay him. And it was like, pay how I couldn't pay him. Credit card couldn't pay him. I just couldn't pay the guy for the album. And then as we, I said, oh, what about this Bitcoin thing? And he said, oh, yeah. And I said, and Bitcoin, it was a real sort of, wow, how amazing is this? Screw the man. Like this, some kid has got nothing to do with borrower of financing anything. He's just a kid making music in his month's basement. And I was able to supply him some value and exchange for the value that he created for in my life. And that was really cool. So yeah, I think sanctions are a terrible thing on the actual people. And here we have two, let's just put it simple terms. You have mafia's running major economic zones. And one mafia having a beef with another mafia. And basically destroying the livelihoods and the lives of the people living underneath the protection money that they have to pay for those mafia's. And here we have a terror, you know, I mean, whatever you think of the Iranian mafia that's running that thing, I don't want to pick on the Italians word mafia. But you know what I mean, organized sort of organization of, I guess, organized crime in a way. And you really have to see that at the end of the day, the people suffer with these sanctions. The government doesn't suffer. They know how to get money around. They know how to deal with oil. They know how to do it all. It's the little guys on the streets trying to get their milk, trying to get their food for their family, trying to get an education. They're the ones that really suffer with hardcore sanctions. So yeah, I mean, I'm not the biggest fan. Yeah, it's a good point that, you know, the government doesn't miss out in directing the funds that could have gone to helping out the people, whereas at least there's more chance of that money going or money being able to be delivered to the people of the country. It isn't going to be interfered with by the government, you know, and so you may disagree with the government, but you don't disagree with the people. It does open opportunities for direct aid. You can send aid directly to the groups and it can't be intercepted by the government. I think it's interesting that we're in kind of an intermediary period here, where they're not adopting Bitcoin. They're making their own coin. They see that yes, there are problems with the existing system. As Josh was saying, it's controlled by existing interests and they either control the way that you use the currency or they restrict the way you use the currency, all these kind of things. And I ran coin or Persia coin or whatever it's going to be called. It won't quite be as free as Bitcoin, but it won't be as controlled as say the USD. So it's interesting to see them take these baby steps. When we know in the end, one of these governments is going to adopt Bitcoin. And once that happens, all the other governments are going to have to adopt it. It's basically these instruments are so powerful. No one can be trusted with them. Everyone uses them against their people, against other people against themselves for their own gain, whatever it is, and what's fair about Bitcoin. It takes the control out of people's hands. Anyone can use Bitcoin. No one can print Bitcoin, Bitcoin's agnostic, as we said last week, if you're a Nazi or a white supremacist or whatever, cash is there for you. Bitcoin's there for you. Whether you're good or bad, if you're on the good of the evil, money doesn't care. It's a hammer. It's a tool. It's just there. Let's move on to the exit question. I ran China impeachment springtime approaching. Forged prediction. The price of Bitcoin this time next week will be higher or lower than from Wales. Yeah, I kind of feel like it's going to be lower, but I mean, that's just in the very short term. Obviously, this is all dependent on horrible geopolitical situations, which economic crises, which are bound to happen, as we all know. So yeah, it's just watching the trade right happen. It's low motion. And then every now and then, like the Salamani thing will have something, some political thing will happen, and then Bitcoin will spike up a bit. We've got hardening obviously as well, but no, next week a bit lower, I think. Dan Eve higher or lower? Hi, Giorrin. Hi, Yor. And I also predict that by the end of 2020, Justin Bieber would have defected to Iran. And then he was going to have his assets seized by the US government. And then his fans are going to bail him out by sending him Bitcoin. All right, Josh, we've all told you. Oh, go ahead. I don't know. Yeah, I think it will probably be lower next week. This is due to basically some Hoogy Boogy technical analysis of mine. The analysis I've seen shows the five year upward trend and some other line that they drew. And it looks like a triangle. And we're getting right up to that point of decision. So no one knows what's going to happen. If it'll go higher or lower, they just know I know something that does know. And it's probably sitting behind you. Oh, from Magic Ape all we could ask the look at that new logo on there. And World Crypto Network. Magic. It was my trust. Talking to China, we have to make our own. It says, well, the price be higher next week. It is certain. Oh, okay. Moving on to issue two one million Bitcoins. According to Long hash, Coinbase currently holds around 970,000 Bitcoins. And based upon growth estimates, we'll soon top one billion Bitcoins. Of course, all true Bitcoins know that if you don't hold your keys, you don't hold your Bitcoin. But more and more, no one seems to care about that. Instead, trusting in third parties, seeing Bitcoin only as an investment, not a technology. Dan Eve, I ask you, is this a temporary setback or a permanent shift in Bitcoin or values? Well, I think ultimately there's going to be a spectrum of Bitcoin. As it works, there's loads of spectrums nowadays, including the visual spectrum. And Bitcoin will be on a spectrum. There's going to be the people at hardcore that look, you know, they've got their own node. There's the people even more hardcore than them because everyone forgets that they're generally using not open source technology to compute with and whatever. So until you've got the full open source and actually really, you're still trusting the people that build the code behind that, there's not some back normally. You haven't checked yourself. So, you know, ultimately there's someone who knows everything which is Satoshi, maybe, probably not. I don't know. But then there's also the people that are just going to have these custodian services. And those were starting to get pretty big last year. There was like the number of the Japanese banks that teamed up with global advisors or coin chairs and they're doing custodial services. There's lots of other like big institutions getting involved. And I think that there's a lot more people tinkering with Bitcoin with, you know, the futures and the options and now thinking, well, maybe I should buy some. I should own some. But, you know, I'm not quite, what's the word, confident enough to be able to hold like, you know, if you're a couple of million or whatever for the rich, in a 12 or 24 words, like some people just don't have that. So, it'll be cool to have everyone running a node. And sadly, I haven't got my nodules set up yet. It's been a very busy week and all my technologies in being repaired at the moment. It's all broken. But yeah. So, ultimately, I think, you know, the best thing you can do is run your own node. But sometimes if you're not confident enough, it's your money, do what you, you know, deal with your secure with and do what you're happy with and confident with, you know, and being on an exchange is kind of easy and convenient, but it's not the best option. And if the exchange goes down like, what do you go like, Cryptopia, Cryptsy, Mimpal, pretty much all of them, then you're not going to get your tokens back. I'm sure there are plenty of millionaires who save all their money in a shoebox or on a single piece of paper. Joshua Skagall at your thoughts. Yeah, I mean, it's definitely as a spectrum. And as we see institutional money, they're definitely not going to hold the coins. They're going to hold them with people that are experts in holding coins. You know, I hate it as well as anyone of the old schoolers. We want people to hold their own coins. We want people to have solutions, especially geographically separated solutions, including, you know, bonded couriers. No, I'm just, but, but, you know, people should have their own solutions. But if you're a large institution and you deal with money, you want someone to look after that. That's just how the ball play is played. They don't want to trust themselves because there's a lot of things that could go wrong by themselves holding coins. I mean, you're trusting people in your business, you might as well trust a business that is focused purely on that. Saying that it is a huge risk for the entire ecosystem to have a million coins in one space that there's a huge massive big bounty for some hacker, although the bounty will probably go down by one hundred, by 99 to 100. If it did get hacked, in which case, I would also be buying the dip. But yeah, it's an incredibly dangerous honey pot, but it's a honey pot that's going to happen. It also is a fact that people don't trust themselves. I mean, how many people do you know that, you know, that grandmas, you really, it'll take a while till cracks-moaking grandmas can actually, you know, use Bitcoin safely. And from where else? Go ahead. No spectrum spectrum is the word I completely agree with what was what Dan and Josh said there. And I think it's worth remembering as well that, you know, obviously having your own keys is the best way to secure Bitcoin, but you don't actually have your own Bitcoin. It isn't her only custodial. It could be argued that it's just the most secure custodial system on the planet. It's almost like, you know, the Medici leveraging the laws of the universe to be able to honor their value, holding for you. So, you know, if you lose your keys, the Bitcoin isn't a lot. It doesn't disappear. It's still there. You just can't move it. So, all your keys are the right to move your Bitcoin from wherever to wherever. So, there is a spectrum. On one side, you've got, you know, this is a supreme ultimate custodian ship, which is just holding your own keys. And on the other side, you've got, you know, some horrible Dart market, leaving your Bitcoin on some wallet on some Dart market website or, or leaving it on my AlanBits.com thing, which is equally, you know, Darjeet, so, please, please, please stop leaving when you're there. But then it's a spectrum from that. And like, the solutions for people will shift. So, some people, it being in the hands of somebody else and outsourcing their security does make more sense to them for them. And it's actually more secure because they just couldn't possibly maintain and hold their own keys. So, you need to make it, it's hard because you need to educate people. And you need to say, yes, this is the better way of doing it, the preferred way of doing it. But at that same time, you shouldn't, it shouldn't be black and white. It's like, you're only holding your keys. If you don't, then everything else is bad. Because then that avoid that kind of like distracts people from actually developing better solutions. So, people who do choose for it to be held by custodial, that custodian, what you know, custodial, that custodian ship is a better standard. Yes, Coinbase having a million coins is absolutely terrible. But we just need to focus more and more on building the technology. So, you know, we can have other levels of custodian ship, which which are more secure and taproot, which is something we're going to talk about in a bit, is a good step towards, you know, developing that kind of technology. So, what's remembering, it's well at Halfing himself thought that Bitcoin would end up a settlement layer for banks, just because of the scaling issues. Obviously, you didn't know about, you know, the innovations like Lightning Network and Segment and all this stuff. But then there's another point, like it's, you know, it's a continually developing system Bitcoin and custodial solutions are going to get better and better. As we've seen, you know, there are less hikes or less people losing money. So, yeah, so, so, custodian ship isn't a bad thing. It shouldn't be, it isn't bad, bad word. But it needs to be done properly and then people need to be educated properly on, you know, the risks. Or just just to add on that as well. My condolences go out to PE shift. PE shift. We recently lost his Bitcoin savvy. So, pouring one for our, for our home industry. What about Eric Voorhees, though, given him a Bitcoin wallet, but not given him the seed, I think he's probably got the seed. He's probably a joke. Apparently, I just quickly saw a tweet and then tweet disappeared that Peter had actually rediscovered it and he'd made a mistake by saying that he was using his pin for the password and the password for the pin. And now it's all sorted out. So, he has his Bitcoin back. Oh, wow. Amazing. Right. So, he was better than a garbage dump, better than seeing Peter shift rummaging through a garbage dump. I went for the name to be cast. They'll keep it in the Twitter feed and they were saying they were saying, now it's time for an apology, you know, and it's like, he's apologizing to us. Yeah, I apologize to ask him. He's so choo-cheey. I really, really saw it. If you read his original treaty, blamed Bitcoin. He said that the wallet had his password wrong. Yeah. Classic old man yells at computer screen moment where you typed it wrong. What it is is when you enter your password the first time, it's very possible for you to type the same thing wrong twice. So, you type it wrong. Then you blame the computer when really it's a human error, which is what I said, when this was announced, then a few days later, he found out the difference between password and pin. And for all the people with a UX, UX, there's no amount of UX that you can put in where people don't read the words. And if it says on the screen, enter your pin and he doesn't know the difference between enter your password and enter your pin, the users just aren't reading the screen. So, I just don't think that's good. But going back to the wallet and the keys and whether you own your own keys, this is one of the unfortunate levels of complexity that I think scares people away from Bitcoin. It's not enough just to go to a website and buy Bitcoin, because we all know that website's unsafe. Then you have to transfer those Bitcoins to what to the user may seem like another website or another wallet or whatever, or a piece of paper or a digital piece of paper, the little treasure or the ledger. It's so confusing. We've gone down so many levels. And even if you show up at Coinbase and you put your money in and you get through all of those setup links, you're still not a Bitcoin or you're still not right enough. So, I think it's to be very difficult to convince people to change their habits on this. Or even to understand what they're doing, I can tell you we used to run a Bitcoin ATM in San Francisco with a company down there. And the most popular wallet used at our ATM, well, it's not a wallet. It was localbitcoins.com. People kept their money in their account. They didn't even know the difference between a wallet on localbitcoins.com, a wallet on your phone or a treasure or a paper wallet or any of those things. It's just too complicated. There's not a good explanation. Like people don't know what a like a very bond is or a treasury bond or a stock certificate. There's not a good thing that helps them understand the different levels of this or or a deed or whatever. We just don't use that. Moving on to the exit question, which exchange will be hacked next and why will they claim they were hacked? Crypto Raptor. I think I saw a brain, brainway because I suddenly thought of something. So I'm going to go for, I'm going to go for, I'm going to go for Bitfix. Just go for Bitfix because they need more, they don't have enough drama. But another, another poor thing for the homies for Verwox since we're talking about an exchange. And Verwox is where I bought my, I think, second Bitcoin where I had to buy euros with, by use pounds by euros and euros to buy lending dollars, and then the dollars to buy Bitcoin. But yeah, apparently Verwox is closing down. So I salute me and yeah, it's fair well. Javly, that didn't get hacked. Josh Gagala. Yeah, I guess it's, it'll probably, you know, most, most hacks are usually, hacks, which are usually internal. I think if with, with all this regulation and coming in, trying to protect the users, and also Brexit, there might be some British exchanges. You know, I think the more regulations make it harder and harder, the more entrepreneurs that started off right just think, oh, and, and then they just end up saying they were hacked. And this is, this is why again, hold your own keys. Get on exchange, trade it for what you want, and then get back off. That's the important part. And, you know, and, and we try to do things in a different way by dealing in gold, which is allocated in your name so that nothing, you know, even if we disappear, the gold is in your name is your property. And that's in the voting facilities, you're, so it's not on our books. And that's, that's kind of a good way to get around it in terms of the counter asset, but the Bitcoin really shouldn't. And we always promote, get your Bitcoin off, don't hold them by us, get them on, get off, but that, of course, the traders, the market makers, they want to keep them on there. So let's just see. Well, if the regulation says they have to enter their private key in the little book, they have to enter their private key. And if the book falls to someone else, oh, well, I think it's also worth noting as we were talking about the million Bitcoins controlled by coin base, certainly it's unlikely. And I'm sure they have multiple levels of security. But if you were the one engineer or the one executive in charge of a million Bitcoins, and you could make them disappear or you could get away or whatever, you have to think they're going to go with it. There's a certain amount of greed. There's a certain amount of dreams. We're talking eight billion dollars here. So I hope it's in multiple wallets and multiple facilities and whatever. But it's intense. It's very safe. It's not literally intense as in like, intense as in the tense atmosphere, but they do it intense like electromagnetic tense. I know how like how coin base managed the private keys. I'm pretty sure I read that. It's definitely in fair day cages. It reminds us of the old enemy of the state video with Jean Hackman. He was paranoid, but maybe not if you're handling millions of private keys. Ben from Wales, who will be hacked next and how? Why? I don't really know many exchanges. So I'm just going to say coin base because I just only want to think of right now. I think Josh had a very good point actually. I think that the best solution for most people, like 95% 98% of all people, is a good hardware wallet. I could try to get you money off. That helps walk you through securing your keys. I think that's just that the easiest go to my mum can handle a try. It's a good user interface. It's a little bit like banks. You hear about these big hacks which happen at exchanges, but these things like banks have been hacked all the time and you don't hear about those hacks. They're actually the ones you actually want to worry about. It's like anything, any hack. When the hacks are happening, when people don't know about it, that's the problem. So I mean, something like coin base, they are going to have a crazy complicated system so they don't have all the funds in one place. It's one honey part when you've got that much money which has been exposed. I'm sure that they're being hacked all the time. Part of the problem back in the day was a lot of these things weren't very well regulated and they weren't audited and that meant they're secured and didn't have to be so great. But now services like Gemini, services like Poltoro and Coinbase and all these other services. There's a lot of red tape you have to get through when you're holding people's funds. That does help increase people's technology when it comes to securing other people's Bitcoin. But ultimately just get them off from one another. I want it. There's also good standards like the cryptocurrency security standard, CCSS, which Andreas and Anopolis worked on and such. There's also the ISO 270. Something like that, which also talks about cryptographic security and specifically with crypto but also just general data security. And these things, we've had thousands of years of physical security and understanding physical security. That's why we can have that big massive folding facilities and this is just pretty much impossible to get through and that's why insurance is so cheap for anything secured in those folding facilities. But when it comes to digital security, we've had all of I would say as long as the internet's been around is not really the amount because it's only really since, well, since Bitcoin got invented. I mean, we had sort of SSL, we sort of had little bits of security, of course, data security, but they weren't as important as suddenly. You know, of course, we have banking security, but that stuff could be reversed. Now that we have irreversible digital assets, it's really ramped up the whole industry of digital security. And it's a very, very, very young industry. So, so, people, one thing that isn't, that is well understood is the math behind a lot of the cryptography that Bitcoin uses. So having a treasor really does get you a long way down the road of security. And even better, I would say than a treasor is a paper wallet, funnily enough, because even the treasor, you have to sort of trust. I think a paper wallet that's cut into bits and put around the different places, you know, there's also yourself that can floor it. And I mean, there's lots of ins and outs of security, but yeah. It is getting harder and harder to generate a good paper wallet. You need a real random number generators. You really got to look into that. I would say the correct answer is Binance, because they already forgot that they were hacked for $40 million. The CEO is telling people on Twitter, your money is safest at an exchange, your money is safest at Binance. But I don't have a safe fool. Well, I think he's getting bigger and bigger and bigger. The service was great right up until they left. Did you know the World Crypto Network has its own audio podcast? And you can check out audio only versions of these shows on iTunes, Apple podcasts and all kinds of other places where you can get podcasts. It's amazing. Check out the World Crypto Network audio podcast today. And be sure to give us a thumbs up down below. I don't know if you guys know, but YouTube recommends videos because of how many thumbs up they get. So when you're saying thumbs up, you're not saying this is five stars the greatest video ever. You're saying the sound was good. The audio was good. The content was decent. Someone else might enjoy this. So give us a thumbs up. Our goal on this video is to get 100 thumbs up. Last week, I think we got around 80. If I looked right now, I imagine we have less than 20, maybe less than 10, but we probably have 50 people watching. So let's see. Do it now. Do it. Do it. Three. Moving on to issue three taproot moving forward. As Peter Wolley announced on Twitter, the Shnor taproot upgrade has been published as BIP 340 341 and 342. And while discussion continues, a survey of 16 developers was unanimous with all 16 supporting the upgrade. These types of technical upgrades, allows allowing Bitcoin to use the popular and now's licensing friendly Shnor signatures leading to greater privacy and mixing options are a direct result of the SegWit upgrade. Repelling Bitcoin into new areas that other technologies simply cannot match. Josh Gagala, how excited are you for the new taproot update? Yeah, I'm very excited about it. I think privacy needs to be number one. And it needs to be number one in the number one currency. It needs to be default. It also, taproot helps a lot of the stuff that masters, which is sort of a stack, a scripting stack, into the localised trees. A lot of sort of technical mumbo jumbo, but at the end of the day, what it does is really brings Bitcoin forward, a big leap forward. I think I'm really looking forward to testing it, really looking forward to seeing what entrepreneurs and people outside of the core development team do with the upgrade. I mean, some of these things really open up a scope for a lot of stuff. And a lighting network was one step towards scaling. These are all small steps towards scaling, especially when it comes to size of transactions and scripting within Bitcoin. So yeah, it's really, really interesting. I'm really looking forward to it and well done to the whole team, doing it to have a little bit of a Satoshi gin to say she is right. And from Wales, are these upgrades a big deal or are these the kind of things that are becoming to Dogecoin, Litecoin, BSV and even Bitch soon? You're still muted. I thought I had a minute. I came up with a little thing that's cool. No, it's a huge accomplishment. And well done to the all the dev team. As I said in the last last few weeks ago, I was at Congress and there was a couple of them there and they were working on this stuff and those guys worked so hard and they've been working on it for years as well. So it's a very good proposal. That's why the code's been put in as a PR. So it's there to review. So if anyone wants to go on the call repository, they can go and have a look at it. Which is great. And you can look at the comments as well by all the wonderful call devs. I mean, I encourage people whenever they feel down about the Bitcoin price or about Bitcoin in general, go to the core GitHub and then just cross with some of the comments and then look at the caliber of people and the crazy gibberish wizardry they're talking. And it gives you full of confidence again. We've got some of the most incredible minds on the planet work on Bitcoin, which is great. It's very important to think Bitcoin isn't finished yet. It's not fungible. It's not an under-summer base, let's not private. So it's great and we all fall the reasons we like it for, but it's not finished. So you always trust me not to really have people and they evangelize Bitcoin and they say that it's this perfect system and it works perfectly and everything works exactly as it should do because you're saying that it's finished and it's not finished and it's going to continue. So although there's a lot of confidence among the dev team that this is going to go through without any hiccups or any problems or without any contention, they said that I have a segwit and then there were a bunch of people within Bitcoin who were like, no, you know, and they felt Bitcoin didn't want Bitcoin to go in that direction. So I can see this kind of becoming a contentious issue, the upgrade. I hope it doesn't. I hope I'm completely not really wrong, but I can see it going that way. So I think we all need to be ready for another scrap, but we're pretty good at getting segwit through. So I'm sure we can manage getting this through as well. But no, it's going to Bitcoin is going to be a whole new ecosystem once we get exactly through. Dan Eve. I think every improvement's welcome, especially scaling because people are sort of kicking off about seven transactions per second, not being enough. So the fact is, I think the Bitcoin is now just to a what started off as a biro that became a tank that the 18 were building very rapidly than they needed, like a bit of force behind them. And you know, it's not perfect. It's straight away, and you're going to have to keep on upgrading it and add little bits here and there. But you're going to get to a point where we are now where it's got use. People are using it for in borderless international payments. And they're able to do so securely and safely. It hasn't been hacked. It's been up crazy amounts of time. So yeah, I think it's going to be good to see snore and taproot coming through and see some efficiency saved on the signatures and Bitboss, Bitboss, Bitboss, good mixing abilities. That's all good. Do you know if they have to flag in the like with segway? Yeah. So it's going to be a case of, you know, you will see a slow and steady inferior slow and steady rate. Blockchain.com, they still on segway. Sorry, we're not on segway. I don't think they've upgraded yet, but they're the same wallet that confused Peter Schiff with the pin passcode issue. When he said he lost his money, I almost instantly said, oh, were you using the blockchain.info wallet? It's so hard to use. But what we're going to say, oh, exit question. Can we finally put the block stream conspiracy to rest as Bitcoin continues to develop new technologies from developers all over the world, new privacy technologies, new fungibility technologies, the ability to mix coins, confidential transactions, snore signatures, is the block stream conspiracy over Josh Gagala? I don't know, it would be over. I mean, people are always going to have their coin and they all want to slag off. So they got to think of some conspiracy. At the end of the day, the amount of core depth working for block stream is very quite minimal compared to the amount of people around the world, the hard working individuals that are totally separate from anything and just passionate about decentralized digital currency working on this stuff and wanting to work on the main, the thing that started it all is enormous. Anyone can put something forward and it'll get through the slowly filter through if it's good enough. But the conspiracy, it'll just keep on going. And sometimes it's good to be wary of large companies for sure. I understand that. But at the same time, you've got to be a little, if you're going to start spurting out quite controversial bits of information, then at least first go and check if it's true. Go on to GitHub, see who they are, who's actually committing, who has got the commit rights, where are all the the pull requests coming from around the world and really check yourself before you spread nonsense. And this goes for anything with fake news on the internet. Do you do your research before you retweet? Do your research before you share something on Facebook because it sounds that sounds radical and amazing. This really does seem like one of those situations where the brain wants there to be a simple solution. It would be simpler if blockchain was a big conspiracy. It would be simpler if Bitcoin was somehow controlled from the top. And it really helps us feel comfortable with a simple solution. Like, oh, I feel better. Everything makes sense. It's all a conspiracy now. I don't do the conspiracy there. I think if you're going to go after a company, there's no conspiracy. There's just no conspiracy at all. They made the hat. His piracy is on its way out. Let's see who else did we go to? Dan, Dan from Wales, or Dan, did you talk on it? No, I didn't. I don't know. I'll hear it. Yeah. Like, just like I said, go look at the GitHub, look at the commits, look at the developers you contribute the most. And you'll see very little, I'm not very little. Quite a lot. But it's a small portion is from blockchain-sponsored developers. I was always amazed that the big corporates could convince people that this other company, which was run by Cypher Punk, someone like Adam Bach, who's been in freedom and freedom technologies before Bitcoin, pre-bitecoin, before those monetary value attached to it, who's working on this stuff. And it's run by these real hard core Cypher Punk types, who are sponsoring freedom and source development on an amazing project, which you very much needed at that time, as well as developers just always had an issue with without being able to get paid. For the finger to be pointed at them is this conspiracy. Like, clearly, can you not find conspiracies over the big corporation, which shows Bitcoin.com? Isn't that make more sense? Anyway, just go look at the GitHub, look at the commits, look at the people working on it. And yeah, it's strong. It did always seem such a bad fit for such an engineering run company. It doesn't really, has kind of a product, didn't really have a product, doesn't really have a commercial business focus. It seemed like they were much more research project focused. And one of these research projects might be a patent, which we could make money off, or one of these research projects might have an offshoot like the liquid network, all these kind of things. For the longest time, I thought the real conspiracy was against the investors in Blockstream. How are they? Their money back with this one. One, non-business-foking focused has no public relations really company. And then there's sticky things on there. I never thought it was a real thing. Quite often, you know, like in Investor, you know, the sort of people would invest in something like Blockstream. They just want, they can have those experts on hand if they've got any questions in the future that they're there and they're on hand and they can just draw from that resource. And they're happy to help sponsor the fast stuff. It's very usual, you know, have like, chemical with a bungee. You have lots of companies with sponsors development time on free open source projects. That's how a lot of the good free open source projects develop because the developers actually pay for. It helps the entire ecosystem. And I know people don't really understand this idea, but if you contribute to the Bitcoin ecosystem like podcasters or programmers or developers or whatever, it could come back to you later when your company needs something that a podcaster or a programmer created for you. So there really is kind of this shared success in the ecosystem that is hard to understand. And especially if you have more of maybe a libertarian business focused mind, you have to get money out of the deal. You can't just hope that there'll be an ecosystem. But I think there is and there will be more. So I'm glad to see them supporting it. Let's move on to the next question issue for Oh, Dan fine. We're going all right, go ahead. Black stream, black stream is a conspiracy. Oh, the question. Adam, yeah, yeah, yeah, I don't have much to add here. I've totally just wasted time. Now, the problem with conspiracies is that, like, everything or in a conspiracy could be explained for the cause of the conspiracy. Yeah, the absence of evidence is a reason for there to be a conspiracy. Oh, yeah, there isn't a evidence that aliens invented a bit. Well, of course, there isn't because they've hidden it. So whatever you do, whether there is evidence that's against it, they say that's been put there, whether it's you see that in the new age, the new age earthers, put the dinosaur and put that to trick us. So that wasn't billions of years old. Is that around earth behind you? Yeah, I was going to say I think the backdrop's getting to you. It's flat. That's just the flat edges of just the flat part. Yeah, no, that's not round. It's a disc. We do the flat lens flare. That's a that's an ice wall. It's a giant ice wall. It's keeping the edges of the earthy. So All right, the world is flat moving on to issue. I don't know the internet stuff working. We'll come back in a minute. I'm sure it's a conspiracy. It is a conspiracy. They go they they turned off his internet box. Yeah. Yeah. He's back now. All right, moving on to issue four life changing wealth article after article and YouTube channel after YouTube channel confirms the new crop of Bitcoiners are perhaps Bitcoin in only about the price, the price, the price, the price and the price. This price madness continues into the altcoins once believed to be a fertile testing ground for new cryptocurrency ideas time and time again, they're shown as merely price vehicles, temporary mirages of value who's inevitable pump and dump destroys any attempted value creation. But could lead to life changing wealth? Dan Eve are the new Bitcoiners right? Is Bitcoin's and altcoins and everything only really about making money? I, it's like probably it's slightly difficult because to answer that because although everyone like they came for the they you came for the money and you stayed for like the knowledge of the politics and stuff, you know that well, I heard about Bitcoin. I was interested in reasons behind it learning about fractures, or banking, etc. But there was nothing like I've never felt higher in my life than like say 2017 when there was been there was all the hype about first ETF and like everyone's watching, you know, everyone's watching charts and all this it was really cool and it's really difficult not to get swept up in that. And I think that you know when we've been around long enough you kind of you just you think oh you're just you know you sigh when you see headlines like that and despair when you see stuff like that headline that was like all your friends are getting hilariously rich and you're like oh man they must think we're white idiots. But who cares like you know the end of the day we know we know the story, the background behind it and the fact is that we know that it's going to benefit the world and if people do get along for the price they'll end up staying because they learn about Bitcoin, learn about the reason why it's here. It's funny when I got into it it was almost entirely political. I remember converting my money into Bitcoin not because I thought there would be worth a lot more but because I felt better having my money in a system that was not the bank that was not the government that was not the Federal Reserve, it was actually the first time I'd ever had my money in that kind of a system not being a gold or a silver person where presumably you could get that same kind of feeling. You own that piece of silver that's not the government silver blah blah blah. So I thought it was a lot more like that when I got into it but it seems like it's changed a lot we didn't have so many chart guys we didn't have so many triangles and hedge funds and longing and shorting and all these things. Josh from Voltoro your thoughts have the Bitcoiners changed is it all about money now? There we go. This mic has a dodgy mute button. Yeah it has changed a lot and it was really about about changing the system in the beginning but one thing that I really love and you know it was touched on was that crypto will get you whatever you're into. If you're into the mad gains then it'll get you in. If you're not into the mad gains but you're into political change then you'll get some. If you're not into the political change but you need to send some money internationally and it's not quite working or it just you got you know then it'll get you. If you're not into that and you're a citizen of the internet and want to get paid and your employer says hey it's just easier for me to send you some some Bitcoin or Ethereum whatever then you'll get in that way. So it doesn't matter somehow you get in because eventually the thing will suck you up and and so you know resistance is futile. Josh does it matter if they got in for WikiLeaks or Cypress or inflation or just the money? Yeah it doesn't matter once you're in the mentally contaminated and then it's it's all downhill from the comes of session addiction it's probably good idea not to get into it's the first place no it's Bitcoin's wonderful but I mean yeah I mean it goes up in value currently at the moment value has gone into it still so it's still very liquid and there's a lot of value which is going to go into it we all believe so yeah people are going to get rich that's just kind of how it works I mean but that's just like any sort of societal shift there are people who you know make a profit out of it and are able to make some money out of it. I think the altcoin thing I remember like I mean I don't think I owned maybe a few shares and a few companies in the past but it was largely like to win inheritance thing or something so but I was never a trader of stocks and shares but you know as soon as I got my first piece tiny little piece of Bitcoin the first thing I did is started trying to be clever and trade it around and swap it for all sorts of crap on shape shift so but I remember thinking at the time like you know it's so easy to unwrap and start playing around with all these assets and so many young people who aren't going to go anywhere near any stocks and shares but they're going to start playing around with these sort of digital assets which currently now are just polyps and they're not really attached to anything but at some point in the future they may be attached to things and it's a very easy thing to kind of buy and sell and whatever else so I don't think altcoins are going anywhere you know stores of not stores of value but digitally scarce assets aren't going anywhere. A lot of the altcoins which we have currently are going to go you know somewhere and that's probably down but yeah it's like Dan said you know when the price was going crackers in 2017 it was great you know it's the right half but then you know higher highs low low and then it goes down and film is revolving side so this is where you shouldn't put too much investment too much of your money into it and think you're going to get rich and if it does go up and if you do make significant amount of money make sure you pull some out you know and buy some stuff like like my car or improve your life in some way because it can crash again then you can feel miserable so yeah so it's it's the the even if people come for the the the financial gain eventually after you know a year or two of looking at little charts they they start shelving to the other aspects a bit coin and that's what when they sort of the exciting the the thrilling stuff starts to happen so and eventually don't care about price exit question will the price of Bitcoin ever go high enough when the price was a hundred we wished it was a thousand when the price was a thousand we wished it was ten thousand now that the price is sometimes ten thousand we wish it was a hundred thousand Dan Eve will it ever be enough no no because everyone is always going to be discontented in some way the the shorters will always want it to want it lower the balls will always want it higher and so you know the thing is though and going back to what you know when I said it I came for you know the price action initially I suppose I actually came more in because I realized that you could print money using a graphics card and I you know you know there's the point of the scheme for all graphics card put 3d mark on and then watched it and was like cool I don't really play games so that's that's that done and then I'd get the next one when it came out you know so I just like the idea of printing money but back then like you know I bought my first Bitcoin it's $75 and I just didn't think of it in any way I mean you know it was all about p2p cash it wasn't a store of value there was you know maybe the idea that it would go up to like a hundred bucks and a bit further on and you know whatever but but never did I even dream of 20 nearly 20 thousand at the end of 2017 so I've just lost all the perception of reality in 2020 now like the prices crazy the like the government's all crazy everything's pretty much crazy they're doing like London you know CCTV and face scanning now they're just announced and stuff so everything's going crazy let's say let's pay for a 1 billion dollar Bitcoin what it came out it didn't matter so much if the price was up or down it mattered if it was kind of constant so yeah like Josh was saying with the album if I need to send 20 bucks to a guy in Iran for some music it needs to be worth about 20 bucks by the time it gets there so that he can get his value out the value that I put in that's what we thought about using it for and in the same way when I looked at Ethereum and the gas I was like why are you buying you know smart contract gas for contracts are going to run in the future how do you know if you're going to run any smart contracts so how do you know if it's going to go up or down maybe it's cheaper it turns out it went up people like buying smart contracts in advance I guess in the same way they liked buying Bitcoin in advance thinking that someday they would use it to send it to someone I think we went a long way away from that Josh go ahead yeah I think this is why this is why there will always be an altcoin market of which will be a speculatory casino of really just horses running yeah it's just like oh which name which color goes up today is that one and it sort of puts the money on it an ittle pump because 51% of people decide 20% of people so excited the same one and and let's see if you can pull it out quick enough and it's just a casino the real value will happen when when it does become so large that that the the this it'll just take a lot of movement for the value to drop too much and this so the higher the Bitcoin price the more stable it becomes is the theory because it just you know to try to move the market that's worth a couple of trillion you know or something like gold which 7.5 trillion it it just it takes some big ass whales to move that and you know that's why I really hope well I hope the Bitcoin move move slowly towards that because if it moves right now towards 7 trillion or the price sort of the market cap gold it means that they'll be just few too many massive whales which are a danger to pump and dumps or to a huge dump so the longer we can wait for it to get to that the more the economy sort of gets spread out and gets gets a little bit more even which then secures it a little bit more from volatility but you know the less volatile the more you'll have the casino down there and the more the the the Bitcoin will be used as an actual currency and not a respiratory thing so it'll never stop there'll always be altcoins always be bitcoins and they'll always be going up and down let's move on to the exit question let's move to I don't have an exit question forget about it let's go on to predictions or a story of the week then from whales are you ready with a prediction or a story of the week I am I've been working tirelessly past couple of days on Alan Bitt's trying to get some cool functionality in it but I go share my screen if I click share that one's it okay let's give this a whirl okay okay here's that sharing can you see that oh yeah right so okay so Alan Bitt's dot com is kind of it's it's very like minimal viable product stuff okay but okay so here's a wallet so the idea is that you have with with Alan Bitt's an easy way to be able to put on top of any funding source you could have like lndc lightning open-node whatever lntx bot whatever and then this can generate lots of wallets on top of it and each wallet has its own API keys so this is specifically for my hardware so I can have my mstive m5 stack sat point of sale and it can have its own wallet and then you know I've got some sort of accounts and see stuff there and it's very easy to add a wallet so if I add a wallet in here what's it looking to call it call it banana and then I can I can just generate a new wallet and there we are got and I've got who I'm banana so I've got two wallets but what I've been working on is that's very simple sort of wallet functionality and this this wallet has its own API keys as well as as well as the other wallet what I've been working on is this concept of extensions okay so I've got some extensions here ignore these two so there'd be sort of being worked on in the background but this is what we're going to look at so this is for generating faucets although I'm not going to call them faucets because I think that kind of distracts away from the the power along URL withdrawal has so I'm going to activate this this plug in and now I've got a new menu item which is the lnurlw thing here okay and that brings up like you know a form which I can fill out so I can make I can make a I call it a withdrawal link which is basically a faucet but I'm trying to move away from the word faucet because it limits people's imagination what you can do with these crazy crazy things so what we're working on call this I'll call this blah okay so that's the name of my my withdrawal link I'm going to select the wallet so but not as I've got any money in so I'm going to select poops that's got money in max with draw so the max withdrawal anyone can withdraw any one time from this with drawing can I'm going to say is 50 sats you can also set a minimum withdrawal so I'm just put that at like one I should I'll put that at 10 and this is this is so one of the experiments I did was I got a lnurl withdrawal and I put it on an fc tag and then I simulated like tap and pay so the way so this is so you could have the the minimum withdrawal at like one and then the maximum withdrawal at like you know 100,000 stoshies and then you can pay for something can you can only withdraw it when you pay for something it would just withdraw the correct amount you know between zero and 100,000 stoshies that's why that's there so amount of uses so I'm going to say I want six uses for this withdrawal link time between withdrawals I'm going to go for 30 seconds now when I made the Sinclair faucet thing it had the same lnurl QR code which is called you put it on twitter and then but then people invented very quickly invented software so they could just like milk the faucets so yeah so I've got a little tick box here so I can generate unique ones for each like hit you know to when it's hit so if I click create links here so now I have a new kind of withdrawal link faucet thing which I can easily see if I click on here there we are there's a nice QR code there if I'm just quick enough they can scan that and they can they can take some funds now so that's an easy way for me to be able to access the the lnurl withdrawal link but I've also got a shareable link so if I click on map here we go so this is this is a link with a unique url so you know if someone has this they can't go back to my my thing and then generate lots of other lnurls so you could give this to somebody and they could use it to withdraw funds but I've also got this is pretty cool so I thought you know this concept of as being our own bank if we're our own bank we want to just print our own money so you take an lnurl print all withdrawals and then there we go so and this is actually you know self-to-print so you can print out you know all these notes and they have a little QR code on and then you give them to people when they scan the QR code they get a 350 50 sats you know this is well done bet like this is amazing because this is one of the one of the things that's really missing from the Lightning Network is those are harm moments the biggest are harm moments people get is when you first send them their first little bit of Bitcoin and and the trouble with these high you know the high the smaller blocks and everything else is that really it's hard to send them a small amount and then with lightning it's very difficult because you have to say oh well first you need to like open a wallet and fund a thing and spend some of it so you've got some capacity but this allows you to use something I'm guessing like blue wallet or something like that basically then just say hey scan this bloop there you've got it you've got you've got a wallet and and you've got some you've got that our harm moment so one of the cool things about lnurl as well as you can actually have a fallback so even if someone scans it with a regular QR code it will then generate like an insta wallet on ln bits but the point of ln bits is like I'm running on lnbits.com as an example this isn't running on lnbits.com this is just running locally on my computer this hasn't been released yet I'll be releasing that's a couple of days and it'll be on lnbits.com but the the point of the lnbits project is anyone has the ability to write its little Python server thing to run this on top of that lnd node suddenly you can split your lnd node into lots of little wallets you can generate lnurls and then you'll have to be able to do a whole load of other things with these plugins and we're building the plugin system in such a way that it'd be very easy for other developers if they just want to build a little tiny bit of functionality into this then they can they can you know they can add it to the project and then hopefully the lnbits pre-nobrous source project will grow over time there's some flipping awesome people working on it so yeah so the moment this brilliant developer kind of working on trying to make it more more friendly for other people contributing to building their own plugins and stuff I really like the extensions binner it'll be like the word press of wallets well this is what this is like this is what I was kind of going for you like you have a very simple wallet and they are you can see look you can see the awesome people have been withdrawing look at that someone withdrew from my from my from my for my screen share so how do we do this and stop shares there we go there we go so I'm back okay so that's that's that's what I've been working on and I'll be working on next week currently it's because it's as I said it's minimal viable product you can't even log you can't even like sign up to secure your wallet it's just kind of like a bookmark wallet you make a wallet your bookmark it so it's the dodgiest crappiest wallet on the planet but next week we'll be trying to work on like a login system just I've built into the database obviously because you need a login system so that will happen as well and then we'll just keep building plugins for it it's pretty cool so I'm excited about that it's gonna get that's just fantastic I'd love to be able to log in with signing with Trezor or something like that it sounds complicated yeah I think they've got an auth system where you can sign from a private key or something to login where can people try that out or learn more about it Ben I mean so you can you can go and play around with a really crappy version of it on alambits.com but this the the plugin stuff isn't there yet and this is just running on my local machine we need to audit the code a little bit and then once we've done that I'll I'll put it on alambits.com so that should be hopefully valid into the weekend that'll be like a sort of minimal viable product thing again and then the actual cleaned ready for people to run themselves on their own service whatever that'll be ready I don't know maybe next week or week after so it's pretty short time for him all right alambits.com let's go to Dan Eve the crypto raptor story of the week or a prediction I will go for a story of the week and I'm gonna make it up on the spot no no I'm not I'm really sorry I wasn't prepared for that last question I've been too busy thinking about the fact that I've cracked all of my like Mac work and my my iPad and stuff and I'm surprised this is even working because the screens are cracked so my prediction will be that I go and pick up my stuff and I will be very happy and I will also predict as a general prediction that as soon as the dates for for Madbitcoins's tour have been confirmed fully then I predict the Bitcoin price will move accordingly Dan you're a menace to laptops you're a menace yasca golla prediction or a story of the week I mean my prediction is that I'm definitely gonna check out alambits sounds epic epic work from an epic guy yeah for those we've just launched our new front end for all the blog and articles and all those front end stuff for for for Toro so yeah if you if you want to check it out it's it's I'm pretty proud of the whole team for putting it together and finally getting it out because you know after we love we mainly focused on the on the app on the backend and it was really nice to get the front end stuff done you know and and so yeah that's pretty I'm pretty stoked with that so check it out and also don't forget to thumb up this video because it's it's so important this this show can't live without you guys thumbs it up share it and like it and all the rest of that good stuff that's right thanks so much Josh and let's go back to the screens screen share my story of the week's just a shout out to the world crypto network be sure to check that out subscribe down below give us a thumbs up and a share we've got a lot of new shows this week I went through and edited everything out of all the live streams so they're now all little bite-sized videos you can just enjoy like this interview right here that Max did with Satoshi Games we did that at the lightning conference I made some thumb bits we had the silicon valley pit point meetup demystifying crypto taxes thanks again to them for uploading the meetup that's very cool and interview with oscar and of course we had the announcement of the world crypto tour 2020 and we talked to some representatives from the uncomfort skatable conference from me orca blockchain days and from coinfest in the UK so we're going to be doing a lot of this conference stuff this year we hope to keep reaching out to conferences on Tuesdays trying to bring you more information about who's going to be there what the details are how you can get involved and I think it's going to be a great year 2020 for conferences and a great year here on the world crypto network so be sure to subscribe and give us a thumbs up and a share mention us on twitter tell your friends tell reddit posted on your blog whatever you can do you can help spread the word about the world crypto network and oh I want to show the fundraiser one more time we're doing great on the fundraiser we have 12 donations whereas 17.84% towards our goal of paying off our debts from last year's travel and everything from last year so go ahead scan the QR code you can use the lightning network or the bitcoin network with the same QR code thanks to tallycoin tallyco.in you can create your own fundraiser all you need is a bitcoin address and they can't take any of your money it's very cool so that's about it for this episode of the bitcoin groups thanks so much for watching until next time bye bye bye bye