The Bitcoin Group, the American original. For over the last 10 seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest crypto currency talk. We'd like to welcome our panelists, Josh Gagalla from Voltoro. Good afternoon and good morning and good evening ladies and gentlemen around the world. I'm Tomas Hunt from the world crypto network moving on to issue one, issue one, black market high. According to the New York Times, these are not the best of times for the fledgling cryptocurrency known as Bitcoin. The Times claims that the price is down. The exchange volume has dropped. Nobody is buying anything. They're certainly not donating. And that the only part of Bitcoin that is flourishing is its use on the illegal darknet markets. Josh Gagalla, I ask you, is Bitcoin only good for buying things on darknet markets? No. But it's very good at it. I don't think there's anything that it can't buy. It's just that a lot of these countries have made it very, very hard to consume some, whatever the people want to consume. And instead of regulating it properly, they've just outlawed it. So they made it very hard to get. So what are you going to use? You're going to use the native currency, the internet where you can actually give feedback to a drug dealer. So you try going, giving feedback or to standing on the street corner and saying, no, this guy cut the cocaine with whatever else, you'll get shot pretty much. That's the end game. Whereas on the dark markets, you can actually give feedback. And everyone says no. And you get all these university notes testing their LSD and the DMT out on the high-tech equipment and saying, giving proper feedback. And drugs actually got to the level of high-grade pharmaceuticals in terms of quality. But because of these markets, I think it's only done good. What governments should really do is regulate them properly, police them properly, make them a medical issue instead of a crime, a criminal issue. And you would see a massive drop in illegal use of Bitcoin. If that's what they're worried about. But instead, you've got to go after Bitcoin instead of going after the actual root cause. I definitely agree with you that's an issue of demand. But I'm excited to see feedback raised as well, a problem with the current black markets, not enough feedback. Honduras Thompson famously, when he ran for Sheriff, promised to punish bad drug dealers by putting them in the stocks on the courthouse. Bad drug dealers. John Gold, your thoughts. Yeah, I mean, it's amazing. The world drugs, as far as anybody asking a libertarian at least, they'll give you 20 reasons with sources as to how the world drugs have been a failure. And some of these drugs are innocuous, right? Like a lot of some of it is weed, some of it are things like LSD and maybe MDMA and such. The quality is reportedly much better. And people are going to want to buy it and people are going to find a way to buy it. So that's the way that it is. I think that I'm not for all drug legalization. I think there is such a thing as addictive poison, right? You have it. Like countries have used drugs to take down other civilizations before. The British Empire did against the Chinese and the opiate trade wars and such like that. So some of this stuff is dangerous and it's not good for people and it does rot their brain. But that's not Bitcoin's fault. That's proved that Bitcoin works. It's proven that Bitcoin is censorship resistant. And America has been on a path to weaponize their financial system and use it as a way to control the marketplace for the past few decades. And people are getting sick of it. And Bitcoin is just one kind of response to that. Plus, I mean, if the United States is going to be the ones that determine what gets to be traded and what doesn't get to be traded, I don't know that I want to trust the government that can't keep somebody like Jeffrey Epstein alive for more than a couple of weeks. How are we going to trust the government like that with the marketplace of the world? I think people are getting sick of it. And this New York Times article on Bitcoin being used for drugs. Yeah, that's one of the things you can do with it. I think Americans have a bit of a dilemma with Bitcoin because they can get most of the things that are legal, they can get them with debit cards. They don't really need Bitcoin as a medium of exchange right now. But that's just something we have to accept, right? But hopefully in the future, I don't know. I mean, other countries probably will need it and the store of value is definitely showing up as a more important use case. Human beings can be so difficult to keep alive. It's like plants they need sunlight, water and air. Opium wars is a good example, but Portugal legalized all drugs and had nothing but success with it. Let's go to crypto raptor, your thoughts. On mute. Yeah, I think you may have a really good point about the review system that was on Silk Road. And also, you know, I had that there were instructions given with the drugs as well. So it's not like you get it off some hooky matey on the street and you start tripping balls and then don't know what to do. At least like there's information there on what to do if you trip out and stuff like that, which I think is really helpful. And it's really similar to what they do like Glaston Brunel, which is that they have like a drug testing place. So you can just go and take beans and stuff and they'll like test it for you until you how much you're going to get mashed. And then you don't even get arrested. Not like ever used that, by the way. But the thing is with like Bitcoin, it's going to be used as a tool. It's going to be used by nefarious people to do nefarious things. So it's cash, so it's goats, you know, millions, thousands of years ago, whatever they've traded goats, you know, and people use goats for the various things. We didn't see goats get banned or at least maybe not in certain most countries. So yeah, I think it's just ridiculous to that argument that and also about privacy. Why have encryption? Have any encryption on any of your stuff? If you, if you know, if you have nothing to hide, but you still encrypt your stuff and everyone does like, you know, even if they've got nothing to hide. So why not be able to have completely limitless and p2p money? It's just crazy. Moving on to the exit question, destroying the Silk Road and locking up Ross Ulbrich in jail for life has made Americans safer and had a devastating impact on the odds. Online drug trade, true or false? Josh Gagala. Absolutely false. The, the, the, the drug, Silk Road is tiny compared to the black markets that are online now. The Silk Road was really just the first experiment and now you have really dangerous ones. You kill one that was actually pretty, pretty good as far as I could see. You know, I'm not the typical customer, but from what I could read and see and philosophically I resonated with them that they didn't allow certain things that they didn't allow guns. They had a, they had a separate one called the armory, but that was, that was run by itself. And, but and they didn't allow child porn. They didn't allow anything. All that would be banned and, and this, the rule was pretty much if you, if you did, it's sold something that you would hurt someone else with, then it's not sold. But if you're hurting yourself, then that's fine. You know, there is some philosophical things there because you do end up hurting your families when you are addicted to drugs. But again, this isn't something that gets better when you just ban it. Because people need help. There's, it's a, it's a healthcare issue. If someone had schizophrenia, you don't just ban schizophrenia. You help them, you know, don't just say that's banned through you and jail. You've got schizophrenia through you and jail. Like it's just ludicrous. I agree. I think it could have run it. Yeah, I nationalized it. They actually did run it for a while. Remember after they took it over with their agents, they let it run as a honey pot. Even though it was such a great harm to the people, they still let it run for like 30 days or something. So a lot of those harms that they put on Ross were actually on the government. And they could have had a centralized drug market. They could have controlled. They could have even kept it on the dark market or just let normal websites access it. One goal. True or false made America safer. Definitely didn't make it safer. I mean, people, people are going to find drugs. People have been buying drugs with whatever they can for as long as you know, animals get high, you know, like tigers get high on certain blends people like living creatures like to experience altered states of consciousness. And they're going to keep trying to do it. And whether it's Bitcoin or cash, the only dark market or on the streets, they're going to find a way. It's not a problem of of how you're paying for it. It's a problem of of culture in a sense, you know. And I think, you know, drug addiction is really bad. It really does hurt the families. But junkies like will do anything to get ahead. Like heroin addicts, crack addicts, they'll do anything to get ahead. They'll fucking even figure out how to use Bitcoin to get ahead. Much less going to do anything else. Go rob a, you know, smug somebody, right? So I think, yeah, not the Silk Road had libertarian ideals, right? It was a harm reduction, a high harm reduction ideals behind the digital weapons. It didn't sell bombs. It actually had a policy on it. And by cutting the head of the hydra, the, you know, 100 new snakes appeared, right? And they're going to keep playing guacamole with this for the rest of the history of the internet until they find a different solution. But they like this. I mean, hasn't the CIA been busted selling drugs multiple times now? You know, these dark markets controlling puppeteering in the background, moving drugs up and down Latin America, right? Like it's a joke. The CIA manufactures and sold crack cocaine to fund their war in the Iran Contra affair during the 1980s, as well as perhaps growing heroin in Afghanistan. Crypto Raptor, your thoughts on Ross Ulbrich then making America safer. Well, I thought so, so Wackemoll was, was I even wrote that down? Is like a, no, it definitely is Wackemoll. Like, I mean, I think this, this, this snake's head cutting the snake, you know, that's a really good analogy. The fact is like, people are always going to go and do something crazy over, you know, whether an addiction in some way, whether that is automatic life. I'm going to say, come back on. Anyway, so, yeah, the fact is they're just going to find it even harder or try even harder to get whatever it is they're going for way, but drug it is. So actually, by making it more accessible, you're reducing the barrier to entry and you're probably making them safer people because it's easier for them to get their drugs and get their hit without hurting other people. So I think there's a lot of ups and downs. And the fact is that like Portugal legalized loads of drugs or all drugs, there's no sort of problem. Certainly no reporting like that there's loads of drugs on the street or whatever, which you'd hear sensationalized if that was the case. Or even there was just a whiff of it getting worse. So I think there's some other good examples in countries that have been legal drugs be legal and let them be accessible and it hasn't sort of, you know, hasn't made the countries go crazy. So it's sensible that you take so much crime off the streets because you just eliminate what that crime was and you generate loads of revenue because loads of drug dealers now can set up legit businesses. It's like an entirely logical thing. Hospital Breck embarrassed the government by creating a market where you could sell large amounts of cannabis for large amounts of money with no violence. Then they imprison him perhaps for multiple years allegedly till the end of his life. We can only hope that Queen of Wonka will pardon him in the future. Moving on to issue two issue two outbreak in the people's Republic of China, despite valiant attempts, the coronavirus continues to spread. Meanwhile, in America, people want to make money. In a recent article, Forbes magazine outlines how to use Bitcoin's status as a safe haven asset and its unique superpower that it can be carried across borders with total secrecy, give it the ability to act as an indicator for how bad it might be in China. If the Bitcoin price goes up, more people are trying to buy Bitcoin and flee. However, if the price falls, the opposite may be true and mankind may be saved from a total cataclysmic disaster. Josh Gagalla, do you buy this theory? I mean, in a way, because of really good price, it's a really good mechanism to determine risk because its main use case is to kind of like be the digital gold and that is traditionally what you do with gold is if there is an existential risk to life or family or lifestyle, then you would hide that money, protect that money in an asset that is hard to confiscate, especially from when everything turns to total chaos. So, yeah, I think it is a good mechanism for seeing that. But I also think this whole outbreak is overblown and crazy. I don't know, I mean, I'm trying to get a grip of really the danger of it. It seems to me like the only people really at risk are old people and very young, small children, I think healthy normal people. I don't know how much, however the top this is, I mean, it seems that there must be some legitimacy to the craziness, scaringness of it because they are going to such measures. But it does seem over the top somehow because coronavirus is not a new thing. They are the only ones who, sorry, it's not in measures. And I'm not sure that the WHO or any of the medical organizations have even said that these measures are necessary or even really productive. They've shut down entire cities, they've shut down air travel to China like we're basically, we've closed them in a laboratory. I don't know virus-wise if that's going to make the virus stronger or weaker, if that's going to develop more or less antibodies. But the quarantine is very real and it's something that no one else is capable of doing. So they're trying it. It's a big test. It's a big test and really it's too late. I mean, it's all over the world. It's going to spread quickly. At the end of the day, we're going to see it live its life and then it'll probably pop out and fizzle and then in a couple of years, some new version variety of a corona will pop up and and you've got to remember guys that folks out there. Corona isn't just this one. It's a family of viruses and we have many of us. SARS was one and it was a lot more deadly except it wasn't that easy to catch as this one. This one's extremely easy to catch. And it's quite symptomless in its period where you can catch it. So that's kind of scary but I really think it is more for the week that cannot, you know, the elderly or the young children or babies that can be deadly for. I'm not sure. One, God. Yeah, I mean, it's interesting as far as using the price of Bitcoin to correlate the coronavirus sort of contains, you know, China's capacity to contain it. You know, I'm looking at the volume of local Bitcoins in China specifically and it's not any, it's actually lower than it's been for a while. Like it's not, you know, they had a big peak in 2017 and it's actually on its way down as far as the number needed in Yen. So I don't really see any evidence that people are using it as a, you know, that it's somehow picking up because of the coronavirus. You know, you're seeing higher, you know, exponential volume in Argentina in Venezuela, Chile, but not in China. China's actually pretty low volume. So I, you know, people, it's funny how the news media will start to report on Bitcoin. And, you know, I think I think it's actually proof that that we're entering the bull market and that's maybe a segue. And an early segue to a topic we're going to talk a little bit later on, but like, yeah, it's good clickbait, but I don't really see a correlation. I don't think, I don't think, I don't think we're there yet. So I don't buy it. As far as the coronavirus, I mean, I don't know, it doesn't seem like that big of a deal, but people are definitely freaking out about it. So that's even more scary that people are freaking out about it than the actual thing. I'm definitely going to be careful on this, this trip, especially all the traveling that's coming this year, wearing face masks and stuff because who knows, right? Well, I did read some reports about that. The face mask, while very popular and a major consumer item, I hear a lot of people are buying them in advance a few weeks ago and then selling them now for even more money. The main things are wash your hands often. Don't touch your face while washing it before washing it. You see someone sick. Don't stand within three feet of them and just general precautions. I think that's the basic that I've read. And it's great. You see an Asian. Well, that's very good. There's also this cultural thing that we should talk about while we're we have this, you know, kind of responsibility here. We can influence some people, but in Asia, if you're wearing a mask, it means you're not sick and you don't want to get other sick, whereas in Europe or perhaps America, if you're wearing a mask, it means you're already sick. So because of this cultural confusion, there is kind of a fear of just Asians wearing masks when they're trying to be polite, not to get you sick, even though they're not sick. I don't know. You don't you hear what I'm saying, right? Oh, it's the other way around. But I think you confuse it in Asia. They're already sick, right? No, no, and they're wearing the mask. You only wear a mask if you're like really sick. It's like a last time. Oh, where in in Asia, they're wearing masks to try to not get sick. And it's just more common, like to wear, especially in public, whereas in America, we even wearing a mask in public, you're almost robbing a bank. You're almost, you know, have this like fine line between criminal behavior, which again, Hong Kong had to ban masks recently in the protests because they were trying to crack down on what they saw as criminal protest. And now, of course, masks are very popular with the the coronavirus and so on. But let's keep going. Do we talk to Dan Eve? We talked to Dan. All right. All right. Let's move on to the exit question. Dan, do we talk to you? No, yeah. No, no, no. But okay, I'll only have a little bit. I don't think they're linked to any of you. Cool. Oh, what can he hear me? What would you say? Tell us about the virus and the crisis. Oh, yeah, yeah. I think the only thing I'll add is that I saw the the stats that did steps carry today was the fact that there's I think 200 and I think that right now was 213 debt. And there's like 178 that they've said have recovered out of whoever's got it, which means out of the 391 that have ended it in some way, 54% of those are deaths. So that is a concerning figure, I think, and ones think about, but I won't add any more to this discussion. I'll let you swear over that time. Also, I think we have much better ways to visualize this disease than we've ever had before. We have much more information about it. We know exactly which province and how many cases and they're saying in the chat, seven cases in America and it'll be like three in the UK. We just know so much. These things have happened before like Josh had SARS and bird flu and all these other pandemics. And I agree they're completely scary and no one wants a pandemic. But we know so much more, so much faster. I've seen this chart with like the explosion of the number of infected people. And it looks really scary to me, but I don't have any real information to understand this chart. So I'm not really a virologist or an immunologist. I don't really know like, oh, there's 30 cases here. There's 50 cases what that means like how viral it is. And they show all these other things and you're watching the media. I don't know. I think that the basics we've covered, they're saying in the chat, vitamin C is good as well. Vitamin's wash your hands, be healthy. Stay away from sick people. And yeah, if you're traveling, like I'm going to be traveling soon, then well, great, you're taking a chance. But just same thing in the airport, let's not touch a bunch of dirty stuff. Let's stay away from dirty people. And if you're sick, you know, stay home, sorry to be rude, but if you're sick, I don't really affect other people. Well, again, it's a libertarian. I have the right to go and affect other people. Well, in this case, it would be really bad. And again, everyone's going to look at you bad, especially. And again, we get in trouble here. But yeah, like, imagine if you were, you know, a person of Chinese descent and you were sick and you got in the world right now, even just allergies or whatever. It's a bad time. It's bad time. I would just avoid it personally. But uh, uh, moving on. Did you know the world crypto tour 2020 learn more at worldcryptoneatwork.com? We hope to go to conferences like uncomfiscatable in Las Vegas, Mallorca, Blockchain, Taze in Spain, Coinfest, UK in the UK, and just announced the Transylvania Bitcoin conference in Romania. Learn more about these conferences and join us there in 2020 world crypto tour. Also, the world crypto network has a podcast with audio versions. Moving on to issue three bull market. According to funstrats, Thomas Lee, a famous Bitcoin bull who stuck to his predictions of $25,000 Bitcoin, the entire time Bitcoin was going down and ruining all of our life savings is now back again, letting us know that Bitcoin is going up enough and now it's done going down and will instead go up and up and up forever. It's back above the 200 day moving average and is basically unstoppable. Juan Galt is Thomas Lee's prediction. Correct. I don't know if he's right or not, but we're definitely up above the 200 day moving average. There's a lot of signs to say that we're that we're with bottom that we're breaking out, you know, looking at the chart right now, there's a major kind of like downward triangle and we're breaking out. I think we're probably like the bottom is probably and I don't really see us touching 3k again. Some people say that we might, you know, there's no guarantee in this, but I think I think it's a good sign that we're starting to get like, Fodd mainstream media articles, right? Like first we have the Nathaniel Proper New York Times hit piece, right? And that's actually, you know, that's historically accurate, right? The bull market starts and the fake news begin and you know, strikes and the fact people are like, oh Bitcoin, that's right. And they go look at the chart and they're like, ah, maybe I should get some, right? Despite what the media is, the content of the article actually is now they're talking about the core, its relationship to the coronavirus, it's all press and that's all attention that's coming to the market. I mean, I'm going to do a little, a quick little Google trends analysis on Bitcoin, see if there's any, any growth. I think, I think, I mean, my feeling is that the bear market is pretty much over. It doesn't mean that we're going to go parabolic, but we certainly could go parabolic at any moment. Like one of the things that has really surprised me in this market is that we had a, like a month ago, there was a, there was a two days, like a 16, like it's only like a 30 hour period where the price went up to $2,000. And that's, that's amazing. That means that the bridges to enter the market are so big that it can move the price $2,000 in a matter of less than two days. And, and the, and the, the, the attention for Bitcoin, the Bitcoin term of Google trends is pretty much flat right now compared to the all time high of 2017. Actually, 2019 had a peak, 2019, June 23rd had a peak. And but it's generally just kind of like stable. It's not particularly going parabolic right now. So, yeah, I don't know. I think there's the odds that we're over the, the bear market are, are better now, but there's no guarantees. It's surprisingly simple, but Google trends, the amount of people searching for Bitcoin is actually a really good indicator of interest in Bitcoin. And if there was more interest, more buying, the price would go up. It's got a Dan Eave, the crypto raptor. Yeah, I'm pretty optimistic because we've got the harbing coming up. So, I'm slowly, you know, prepping up for it, obviously because it is, is, is priced at any of those. Well, who knows, who knows, whatever, whether it's priced in or not. But the harbing's coming up. The, the fact is that, you know, Bitcoin infrastructure has been building like in the scenes whilst it hasn't been in the media. So, the next time it hits a real big kind of media height, there's going to be a lot more services out there for people to actually buy Bitcoin. It's going to be a whole lot easier. So, this could actually feed into the fact that there's going to be another mega cycle coming, you know, this sort of, or crescendo of like little things lining up. So, yeah, the numbers are good, the extra hash rates, we just go up. It's a massive level. It's been like, you know, just growing ever since Bitcoin started exponentially with the actual Bitcoin price as well. So, I think it's going to be a, I think it's going to be a good year. Josh, good go. I mean, I'm always a permable, but the thing is that the Valtoric clients, they've, they've chatted a lot and they've been selling, buying a lot of gold recently. And I tend to find that they have very, very clever of what they do. For me, they pointed out that the 2017 high, like pretty much all of them. So, I, and some of them are saying we could see back down to like 5,000 before we start seeing. So, it's really, really hard to know. I think there's a definite great point's been made by both Juan and Cryptoreptor here, but, but I do feel that there could be room for some down, according to the community over at Valtori. But yeah, as I said, I'm a permable, I kind of buy when I can and sell when I can because I need to pay for rent and stuff. So, I'm just sort of living in this and try, but yeah, I don't know, I really don't know. The community says down, I say sideways up. I think that moves well into the exit question. The price of Bitcoin this time next week, higher or lower, Juan Gold. The price of Bitcoin will be closer to 10,000. We might touch 10,000 by the end of the week. Then Eve. Next week. I'm going to go for the big, I'm actually going to completely flip reverses it and say we're going to be 885. Oh, yeah, I'm going to say 8 to and finally, the magic eight ball. Will the price of Bitcoin be higher next week? Reply hazy. Try again. No, it's not satisfying, but it's a good thing. Do you get to try again? That's it. One one call each week. Moving on to issue four, bitch fight. Roger Veres Bitcoin.com made a major announcement this week. Their popular mining pool would not be supporting the new bitch fork, AKA bitch plus mining reward. Instead sticking with their original vision or bottom bitch. They're surprised by the announcement, claiming that he was just along for the ride at this point, like some little bitch. Dan Eve, which bitch will be the top bitch? And what can Ver do? Stuck between a bitch and a hard point. There's only one top bitch and there's many bottom bitches and butters from South Park would be able to, you know, be able to hustle them. But I think they've got no real kind of value in the real world. All that's really sad. What I see today again, like people given Craig Wright a stage, it was like he's spoken a, I can't remember something like Parliament or something like that. Like man, how's this still going on? Like, do they not go, you know, you're behind this Bitcoin, but like, what about the real Bitcoin? Yeah, sure. Or the one that's doing well right now. Well, obviously, the other one is, but only because it's been artificially pumped. But surely, you know, they need to ask those questions and be really, if they're serious about getting someone in crypto involved. They've got to get a legitimate source who's not kind of, not just controversial, but just of, anyway, I can't remember what the original question was. I completely digressed. Down with bitch. On to John. Down with bitch. I mean, actually, you know, I like certain coins that have a treasury fund, but it has to be very well structured. I really love the concept that Dash really introduced where you have a treasury and you don't only pay miners, but people can then ask for a certain thing from the Masternodes and they all vote and decide, yeah, part of the block reward goes to this podcaster every month or every week. And I really like the idea, you know, maybe it hasn't been done perfectly yet, but I don't think this was anything close to that. It was kind of a controlled by the people, by people mainly Chinese miners. It seemed like a terrible idea. I think at the end of the day, Bitcoin hasn't had that and it's been being successful so far. It, you know, Bitcoin, the original BTC really hasn't had that. So I don't think it's fully needed. I think it does help if you're an altcoin. And certainly it helps if you're an altcoin. I have a chance because wouldn't we have to agree upon it beforehand? Like this whole agreeing upon it later on and changing the terms of the agreement to take 12.5% why not 13 why not 15 why not 10. How did we decide all of this? I think that's where we're really we're going with this, right? Yeah, yeah, there needs there should have been a mechanism for miners to vote on this stuff, but even then I mean we're seeing a halving coming up. I presume BCH and BSV are also halving. I think miners are going to really struggle. We saw this in Litecoin. It really the halving when Bitcoin halves, it generally has, well, it's always gone up in price. And that's because the network effect is there. Litecoin, everyone was thinking, we're going to see a massive pump. We saw a pump leading up to it, but afterwards, which was just a speculatory pump, but in terms of utility pump of actual usage and it going up in price because more people are using it and there's less supply didn't play out. And we saw Litecoin falling in value. And I feel that if they cut, if they taxed BCH by that amount as well as having the halving and coming up, I don't think they've got any charts at all. So I mean, we'll see what happens. Yeah, see them play out. One goal. If I sold you on bigger blocks, but really I wanted a 12 and a half percent cut of every block, is that the same thing? In BCH land, it might be in Bichland. It could be the same thing. Weird. I don't I can't claim to be paying attention to it. I mean, I've kind of seen things here and there. I think Roger Veris probably saving phase at this point. He's been he's presented himself as anarchist sort of king anarchist sort of archetype, you know, Mr. Anarchy for a long time and to support something that looks like a tax and smells like a tax. It's not in character for him. So it makes perfect sense that he would back out. As far as I mean, this is a minor, a minor, uh, Roger's against this though. We're seeing that that Bitcoin.com, which Roger, you, which you like pays for and kind of runs, but maybe has a mind of its own has broken off. Roger still seems to be one of those three people along with BTC top and Ghan and whoever it is, who thinks this, uh, and all and half percent not agreed upon all of a sudden tax after the fact is just fine. It's it's hilarious. Go ahead, Wandsart. Yeah, I mean, it's it's it's nuts, you know, like they're they're playing very small games that don't have, you know, very good potential. I think one of the interesting things that I saw about this was, uh, in the five hours of the fork or something like that where there wasn't a block like there's like a proof of work. I guess that the fork happened and so there's very low proof of work on on on the main BCH chain. Uh, and in five hours of no blocks, they only fill the block to like 2.3 megabytes. So nobody's using this thing. At least, you know, there's there's not very that's not a good sign. Maybe before we're like being cautious or whatever that that's a possibility. Um, I'm not I'm bored by it. I mean, I think they're playing very small games. It's very obvious to me the moment that they forked that by setting the precedent to fork off Bitcoin, they're going to keep forking and they're going to cannibalize each other and that's what we've seen. So Bitcoin cash forked of them, then there was like an attempt at fork. I don't know if they succeeded. There was the Bitcoin cash classic, right? And then there was a BSV and now and the BSV, I think, forked again. And now BCH is going to fork again. So it's just like seven forks. They're going to they're going to they're going to they're it's a fractured. They're they're they're they're they're splattering, you know, they're it's like you threw a glass on a wall and there's a hundred little shards. And uh, you know, it's an exercise in futility. As far as the the the funding model, I mean, I, you know, I'm I I'm not paying a lot of close attention to Dash in the past couple of years, but when I was paying very close attention, what I saw was a lot of marketing being funded some development. They haven't really, you know, Dash was promising evolution since forever with all these great features that didn't come through as far as I can tell. They ended up rebranding evolution. And what ended up happening is they just funding a lot of marketing paid marketers, right? And that didn't really seem to really catch on either. Turns out that that store of like medium of exchanges really difficult to achieve. And not even with the watches that Dash has had at times had been able to to uh to move the needle that much. I mean, though the argue that they didn't have that much marketing money, but compared to Bitcoin, right? Or compare to other currencies like that the best kind of marketing turns out is just organic organic marketing. And um, you know, if the miners really want to want to contribute 12.3% let them contribute that voluntarily to development instead of sort of forcing everybody else to play ball. So I mean, it all doesn't make any sense to me. I think I think they should just take a step back, you know, smoke some weed contemplate the meaning of their lives and maybe return to Bitcoin open source. For me, this whole splitting thing has seemed a lot like the movie reservoir dogs. You're in a gang with a whole bunch of other criminals. And once you start splitting off, there's no end to this splitting off. As they said in reservoir dog, you've got five guys. Nobody knows who anybody else is and they're all fighting over who gets to be Mr. Black. And they're going to kill each other over this because nobody knows who anybody else is. And from the very beginning when they broke off and we kind of waived goodbye to Roger. We said, sorry, Roger. I wish you weren't doing this. And he went off and hand it hand with Craig Wright and I don't know, Calvin air and all these other kind of people and there's split people and all these I forget the names. I might not be the right guy. But they went off on their happy way. And then a few months later, suddenly, Satoshi's vision needed to exist and BSV split off from the main bitch faction. And it was really a devastating blow because once you had split off for no good reason, as we saw the original Bitcoin is still running fine. The 2x Bitcoin crashed. The BCH has had many problems. BSVs had problems. The bigger block implementation, the blocks aren't being used. There's no reason for the bigger blocks. All of these things, why you stick with the original chain, why you stick with the original project. But then to see them just devastated when when says, you know, it's fake Satoshi, you split off again and then now to have the miners. Once again, who can you trust? You can't trust the Chinese miners to split off and decide that they should pay themselves a 12.5% tax is really just a fatal distraction because if you can split for any reason and that's kind of what they argued with their split, they're like consensus agreement, scientific discussion. We want bigger blocks. Then when it came along, we want even bigger blocks. They split again. We want a 12.5% tax. They split again. So if your structure is so anti-fragile, it's just way too fragile. So let's move on to the exit question. Life's a bitch and then you die with BCH infighting rising to the level of splitting into Bitcoin gold being attacked 51% attacked multiple times and BSV's bizarre price swings, which of the pathetic Bitcoin copies is the worst? Dan Eve. I think they're all just as bad as each other, but the point about them shattering into a million pieces is that they're never as big as the original piece that was there. That just I think to me makes Bitcoin stand out even more because the more the prices of these other ones are diluted, the more in the long run, Bitcoin is going to just scale way ahead and yeah, just stand out even more. So they're all just as terrible. And like I said, the best I think really good point. It's still going. It's the only one that hasn't had major problems. It's still got that 99. Ding dong up percent. That's the Bitcoin. The main chain and it's so far outperformed. The other's not just in price, but also in the fact that it's a sturdy platform. Josh Gagala. I mean, I think price determines the worst because projects that have value will gain value and ones that don't will fall flat and you can only scam people for so long. You might have a high price for a little bit. That doesn't mean that you're successful. A high price for a long period of time determines success and a project that has real value. Everything else is just just market manipulation. And I think that's that's playing out over and over again. I mean, we see that with BSV, there's extreme, these extreme pumps are manipulation. I'm not saying you shouldn't jump on them if you see them and make money off them. I'm not saying you shouldn't. I'm just saying be very, very wary of it. Don't fall to the foam when you see massive pumps and jump on behind because a lot of them, you know, BSV is not on the main, main exchanges anymore because they all kick them off after Craig Wright started stowing everyone. So they're on a very few exchanges, very low liquidity. And these exchanges allow for massive manipulation by Carvine, who's pretty much the only minor in this project. And on BSV, friend, I really haven't been keeping too much an eye, but so at the end of the day, look, I don't wish malice on any project, price and markets determine value over long period of time, not over the short term. So if something can hold its own for several years, then I think, well, there's obviously a need for it. I might not see it like an XRP. I don't see the value in XRP, but obviously a lot of people seem to and have decided over like seven years now that it does have some sort of value. I mean, they've pivoted a lot, but yeah, in terms of which Bitcoin fork is definitely, I think Bitcoin diamond is probably the worst of Bitcoin gold. I know they've destroyed us searching when people search for Bitcoin and gold. They used to find Valtora and now they find some shit coins, so that's annoying. But yeah, yeah. It'll happen more and more Bitcoin with any random word attached to it. One gold. I don't know, man. I think they're trying to figure that out themselves, you know, which fake Bitcoin is the fakes of them all. I mean, you have, you have, I don't know, I'm really talking about this. Like what's worse, a obviously fake scam Bitcoin, which is a dosch's vision, pretending to be the trivational Satoshi. Bitcoin cash, which is a fake Bitcoin that actually believes there's a trivational Satoshi. I'm not really sure which one's worse. Intentional scamary or drinking your own cool it. And then Bitcoin gold was kind of an entertaining flop. I mean, they proved that even like I think Bitcoin gold had like good intentions, you know, they're actually trying to do a GPU mine, a mind, a mindable Bitcoin, but then they got probably, this is alleged and speculative and maybe not true and I don't have proof of it, but maybe they got that was spent by by Craig Ryan Culvinaire over their little spat two weeks before in like one of their conferences or whatever. Yeah. Bitcoin diamond was like a flash in the media and then just disappeared, you know, it's complete crap. So it like this is the best, this is the best attempt that anybody has had at counterfeiting Bitcoin and a small portion of the population of this market have bought in. But for the most part, the price of these things is completely artificial. It's only up there in market cap because most people don't know how to sell and a big portion of the Bitcoin has been lost and so that that that supply that's not being sold is not being sold not because of HODL is not being sold because it can't be sold and so it's sort of stuck there at a price. It's all smoking mirrors. I think and there's no decentralization. There's not even a pretense of decentralization, right? Like Calvin Air and this and you guys they run the show, right? What can you even say? They're trying to do themselves in the in the in the focus of the mall. I think so great about this is the way that Bitcoin gold or Bitcoin diamond got a little notoriety and success and soon everyone was making a Bitcoin precious metals coin, Bitcoin silver, Bitcoin Rodeum, Bitcoin Oxygen. I don't know whatever it is. I'd like to see this continue with maybe fruits like Bitcoin Apple, Bitcoin Banana, Bitcoin Cherry. Oh, I think Bitcoin cherries are really good coin. Oh yeah, but it's nothing compared to Bitcoin Banana. This will keep it. It coin bananas all the way all the way. But let's move on to prediction or story of the week. Juan Galt, are you ready with a prediction or a story of the week? Well, the most interesting thing I have seen this week I think has to be this website called phnip.com. Can I do a little screen share right now? We know phnip. Yeah. Well, phnip.com has like a bit bit bit bit bit bit bit bit bit bit bit bit that this might be all news. But it's got some amazing posters like Bitcoin like they don't look like Soviet era or like you know, 1920s sort of America propaganda posters like pre-war mid-war and they're beautiful. Some of them are really really good. So I encourage you to check it out. I'll send you the link to them as you can share it or something. I really like this Bitcoin propaganda stuff. Yeah, I'm all I got right now. Here it is. Let's see. Oh yeah, confiscated. Well, it's going to be great. That's it. So here's some of phnips Bitcoin propaganda right here. Let's see. Need to say there you go. Yet, shit coin. And optimize block space. Batch Bitcoin transactions. Yeah, he's done a bunch of these. I think he does at least one a week. And these are you're at the wheel finally Bitcoin. And of course, we all know about phnip because he also does mad bit coins artwork. Done the mad tour for mad tour three and we can scroll through. There's mad tour right there. Spider-Man mad bit coins. There's a bunch of great stuff. So yeah, shout out to phnip. Way to go on go shout out to guy we already know. Woo making us look good. Let's go to Dan Eve prediction or a story over the week. Okay, so I'm going to go for a story of story of the week. And so I did some testing for a coin actually called DGLD which is also a Bitcoin gold type coin. And that was using commerce box technology and they just did main net this week. So I've been fiddling around with nodes. And I literally I still haven't set up my noddles far right there. So I'm wearing this to pay homage and I'm going to set up sometimes I've been doing a lot of administration and selling stuff and compacting all of my like servers into little Mac minis and stuff like that. And yeah, so it's been great having some downtime. But now I'm going to play and fiddle with nodes and stuff. All right, Jessica golla. Well, we will see Brexit happening tonight. I'm here in the UK. We are how many hours? Well, it just happened. No, sorry. That's 45 minutes. It happened. It happened. 45 minutes. 45 minutes. The virtual cut from the rest of the the European Union will happen. Of course, what the folks need to remember is that we're all. This is Europeans are still around. The EU is something very different to Europe. The EU is a construct of sort of super state, so to say. And so I'm really looking forward to seeing what happens in this experiment of Britain leaving. I don't really have a horse in the race. More of on the Narkik side of the scale. But I like watching all this stuff happening. And yes, I'm here in the UK watching it happening. I went to a little vigil that they held down the road here for the EU. They held some candles and said, you know, we still love you. So the guys that really fought for the last three years. And it was freezing cold in Britain. But yeah, my prediction is that nothing absolutely nothing will change really in the like it'll clock the clock will tick over and ever go, oh, there you go. And the fisheries will be happy because they'll get their fishing back and yeah, that's nothing really will happen. I hope that nothing will change. I was almost in the UK for two of the past previous Brexit deadlines. This one's the this one's the one they're actually going to do it. Reminder to everyone we're broadcasting on a very historic day here. It is January 31st, 2020, the day of Brexit and the day of pretty much the end of America. We're not going to be having witnesses or documents in the impeachment trial by a vote of about two votes. We're going to be about two votes short of actually having a trial. So that's very disappointing. While Juan was saying, talking about promoting our friends shout out to DJ Booth who's got a brand new website called Bitcoinl. It's a live price chart that changes themes and animations according to price trends when the number goes up the sun shines and there's summer on the mountain tops when down thick white snow covers the mountain peaks let's check it out if I get back to full screen mode. Maybe it's zoomed a little bit. Oh, there it is. So Bitcoinl right there. Looks like we're in a winter time right now. We're down a little bit. DJ Booth also made a tally coin which we've got right here. If you'd like to donate to support the show, 12 people have donated to support the show. Donate now with Bitcoin or lightning to tally coin on your screen. Also, you can give us a thumbs up and a share down below. If you haven't already please subscribe to this channel. Hit the bell or notifications. It's funny. Twitter, Twitter, Periscope, Facebook and YouTube all have a double subscription system to make it that much harder on creators. Someone's click subscribe. That's not enough. You have to click subscribe and click the bell if you really want to find out about a channel. They make it much harder. Give us a thumbs up and a share. I think that's going to be about it. You guys have anything more to say? Brexit in 45 minutes. The trial without witnesses or documents happening now in the corner of my screen is going to be divided by maybe one to two votes. Very very consensus building one to two votes. No, no witnesses. No evidence. Dan, your light continues to. I've gone. One thing I will predict is that there's going to be probably a few other people like me who have got one hour and 42 minutes to submit their tax returns. It's a good luck, folks. One hour and 42 minutes. It's with the tax returns. And you spent it on the show. Good on you. That's going to be my legacy. I'm literally shooting myself right now. Well, very good. Dan's got to do his taxes. The UK is leaving the EU and America is going to have a king. So, woo. All right. Let's have a king. Until next time. Bye.