Oh, Bitcoin group, the American original for over the last 10 seconds, the sharpest Satoshi's the best Bitcoin's the hardest crypto currency block. We'd like to welcome our panelists, Ben Arck from BTC, IoT, Dan Eve from crypto Raptor, my Corona, Jessica Gala from Valtoro, and I'm Thomas Hunt from the world crypto network, moving on to issue one issue one Bitcoin and Corona virus. The Corona virus continued to spread this week with infections being reported all over the United States and Europe, sending stock prices plummeting and Bitcoin prices soaring. Fears of a prolonged outbreak affecting manufacturing, supply lines and much more have created a panic not seen since the 2008 financial crisis. Ben Arck, I ask you, is the Corona virus good for Bitcoin? Well, I mean, yeah, it's bad for humanity. I mean, it's incredibly dangerous epidemic and seems to be a pandemic, which is going to be a very, have a very worrying impact on humanity. But I think that Bitcoin kind of got caught up in the wake of the world market, and got pulled down as well, and I'm just retracing back up. So it hasn't really pumped. But I think people have remembered why Bitcoin is there, that it's somewhere where you can put your money in its outside of the sort of financial system. So it's a safe place to put your money. Just to get in with the world. The world's economy, and it's for a world is for a world. And I think that gets pulled out on the whole system comes back up, seeing it. So I'm very much like a Corona virus believer. I've moved, I've taken my family from where I live. I moved to a small Scottish island, which I'm bunked in now. We've got a very small population of people on the island. So I very much think that Corona virus is going to be incredibly dangerous for people. And also being someone in Bitcoin as well, it's been keeping an eye on the Bitcoin price. And it has started to react, as I would expect it to react in a crisis like this. But we have to really be prepared for some worrying times ahead of us. And when we come out of it, eventually, which we will do, hopefully, what will the economy, what will the walls of economy look like after? I think China could be a much larger player, as they have a surplus economy. We're very much in a deficit. UK government bonds. So our UK government debt yields on interest are lower than they've ever been. So that's a very worrying sign just for the general state of the world economy. So yeah, some rocky times ahead. But eventually we will come out of it, hope as many business possibly survive. And then we'll have to move on from there. Hopefully, Bitcoin can help people in some way securing their money or in the future maybe. Doom and gloom from Scotland. Dan Eve, crypto raptor. Hey there. Well, I don't like thinking of it as well, Corona virus be good for Bitcoin, because then I'm kind of also thinking, well, it's good if it spreads and there's absolute havoc and stuff. So I kind of try and detach myself from when it's there's a humanitarian crisis. But at the same time, a pump would be really good. And we are going into the harbing. I think the real problems are going to start rippling out when supply chains are completely screwed. There's so many good manufactured in China or parts are that it's just going to ripple out. There's going to be all sorts of shortages from general products like Apple products. I think the face masks also be like I think 95% of US face masks are made in China or something. So I think that's going to have a long lasting effect. But hopefully Bitcoin just does its thing. We've got the block stream satellite. So hopefully that's going to be sort of saving people without internet. And obviously, you know, the emergence of these mesh networks as well. Yeah, so it's going to be very interesting. But I'm kind of a bit eloof at the moment because it seems to only affect the elderly, which is really bad. And maybe conspiracy, because it affects the elderly, if it sort of spread worldwide and their economies are a bit in stagnation, it would unlock a lot of pension, you know, but inheritance money. So conspiracy, woo, could, you know, it could be a dynamite bomb kick to kick start the economy. It's kind of some kind of bomb. That's for sure. It's got a Josh Kigala from Valtoro. Well, as Ben has moved to Scotland, I see crypto raptors taking his dog and move to outer space, which is absolutely phenomenal. But in terms of Bitcoin, look, we've already seen the start of the stock market was going up. You know, planes were being grounded. Stock market's going up. We just kept on seeing pump after pump after pump, yet the virus kept on moving. The virus kept on spreading. Now, eventually we saw a crash, a quite a substantial crash. And what happened to Bitcoin, well, it also went down. I don't think Bitcoin is immune to this virus. And I think we'll see an extreme drop in Bitcoin for a little while until what happens is that banks will start failing. Because HSBC has got 90% of their tech pre-tax profits coming out of the Asia region. They're firing a whole bunch of people throughout the US and Europe. They're slimming down. They have massive, massive investments within supply chain. So it only takes one link of that supply chain for whole investments to drop out, which means that they're going to have to make up with those gains in other areas. And I've got a whole article coming out in Valtoria.com about this. But I think that you'll see banks failing. Now, when banks fail, this is where the Fed can step in because they cannot rescue everyone from supply chains, but they can rescue banks by flooding more and more market money into the markets. Now, when this happens, that's when Bitcoin's time to shine it because there are only 21 million and less than that because a lot of things lost. So once we start seeing that banks start pouring more and more money in, this is where the protection comes in. And I think in the current crisis, where all technocrats, we love Bitcoin, where in that space. But I think gold is where the typical people are going to flood to, the markets are going to flood to. Sadly, and this is very, very dangerous for gold, is that the markets will flood to the GLD ETF, which by chance, who owns the gold, is the custodian of that gold, will HSBC is. So, HSBC is looking very, very dodgy. I would definitely never hold gold in the GLD ETF, but a lot of funds, that's the only gold they can buy because it's so hard to buy to move the money outside of the stock market, put it back into cash and then go by allocated somewhere. It's a lot more expensive. So a lot of people are just going to flood their money into the GLD and probably maybe that will bail out HSBC, I'm not sure, but yeah, that's my rant for Bitcoin. I think this goes well into the exit question. Then, Ark, is it better to have cash goods or Bitcoin? Arkadish third, a third of each, third of each is good. Dan Eve. Yeah, I was going to say you've got to kind of spread your risk because although there's a lot of amazing infrastructure that is making Bitcoin less reliant on specifically the internet, it's not quite there yet. So you probably should have a bit of cash or like goats or something you can trade. Josh Kugala. In a shit hits the fan scenario, you want whiskey. Whiskey is extremely divisible. Everybody wants to get drunk when it's fucked. So yeah, it's always a good way of trading. You can trade cap fools. You can trade little bottle fools. So whiskey is a good one to hold. But yeah, gold, whiskey, of course, food. This thing's going to pass. It's not going to be the end of the world. We don't want to cause hype and craziness here, but it's definitely going to cause some havoc in the markets. To issue two, issue two friends like these famous Bitcoin advocate, Trace Mayor, came out in support of privacy-focused Mimble Wimblecoin this week with a large portion of the Bitcoin community reacting unfavorably, basically burning their trace mayor jerseys in the public square. Meanwhile, Coinbase CEO Brian Armstrong continues to speak out against Bitcoin, saying that the company that created his, saying that the coin that created his company and his personal wealth is not private enough and also refusing to use the word Bitcoin on Twitter, often deleting his tweets and replacing it with the generic word crypto. Dan Eve, are there no heroes left in Bitcoin or worse are all of our Bitcoin heroes destined to sell out? Well, I think it seems like the public opinion forks more often than every other coin put together. And there's a lot of, you know, riding on the pillars of Bitcoin, for example, you scarcity. And when someone comes out with a product that other people, you know, are using, like for example, Mimble Wimble, they're trying to, you know, build something and say that it's different to Bitcoin and give another reason than the people that were ultimately fully against shit coins now turn against them and then, you know, then it forks further. So I don't know, I think it's sad to see that people fracture so easily and there's a bit of a culture of blocking really, you know, I like to hear everyone's opinions and maybe I don't really ruffle any feathers on too much of a worse. But there's, if you sit in your own echo chamber, then other ideas that are outside of your own spectrum become a bit too alien to you. So I think it's a little bit too much drama to be honest. I think Trace has done a lot for Bitcoin. He was actually the, I started listening to his podcast before World CryptoNet and it used to be the Run to Gold podcast. So yeah, I mean, you know, everyone who's outside the specific Bitcoin circle is going to get grief and everyone in it's going to get grief from everyone outside it. So it's just a case of avoid the politics and just try and look for the good things. Josh Gagalla, no more heroes. There's always heroes. You know, our lovely host here is a hero of Bitcoin, I'll go say, but it's one of these things that there's always going to be a new client. There's always always going to be new assets. So people are going to. I think the notion of pre-minus is kind of awful in a way, but it makes sense in other ways as long as you know it. If they're hiding a pre-min, it's pretty shocking. But if, you know, if people want to buy that new thing, then let's see if it competes. Everything's tried to compete with Bitcoin so far. It's still way, way behind. It hasn't really worked. I was reading an article just today about Freycoin back in 2013 and you know, in CoinDesk they were saying, you know, they're taking off where Bitcoin left off. And you just think, what are you? You know, at this huge hype because everyone was like, yeah, damn it, it means that, you know, if you hold too long, it'll redistribute itself around and and everyone's like, this will make people spend it and a huge hype and then dead. Like, literally born flatline, and near zero. And it's never taken off again. And so let, you know, competition maximalism, let's do it. Ben Arck. I mean, I only concentrate on Bitcoin books. It's freedom of association, voluntary association, whatever people want to associate themselves with or whatever system they want to experiment with or whatever tools they want to experiment with. I know Trace Mare has spoken about, you know, he's always wanted to fall privacy on the base layer. So he's very much into privacy and the win will give some tools, some levels of privacy which Bitcoin doesn't come in have on a base layer, but will, you know, with some of the mass stuff which is coming in. So yeah, it makes sense that he's excited and interested in the project. And that's his, is that's what he wants to explore, then let him explore it. It's voluntary. No, he should stop him. I don't like the maximalist mantra. There's a no true Scottsman when being in Scotland as well. So it's a no true Scottsman. He just, he just renders down to the most ridiculous version of Bitcoin you can possibly have. And it does more damage than it does good. So yeah, I mean, I'm all in Bitcoin, I love Bitcoin, but I mean, if Trace Mare wants to go and explore Nimbum and you know, crack on and good luck to him. And as other people have said, he's been great for Bitcoin is more than put his time in. He's been here probably longer than all of us. So yeah, so it's the community shouldn't be so quick to turn that back on him. And some of the people speaking out against him is just ridiculous. It makes it makes Bitcoin is looking bad in general. So yeah, just do do do what he wants to do. I think this blends well to the exit question. Dan Eve is Bitcoin a suicide pack akin to the mafia's vow of silence. Once you can join join join to join Bitcoin, you could never get out. I think it is very akin to religion and the fact that Satoshi is no longer around to confirm what he meant by his messages. So everyone has their own interpretation. They you know, they pick the different words. They they you know, try and find the reasoning behind it. And it's I think it's sometimes one of these exercises where it's like not numerology, but you can take any interpretation out of the data and you can also, you know, run any number of things to get what you want out of it. So I tend not to double down too much and keep an open mind because otherwise I'll ignore science when it hits me because my belief is stronger than the evidence that I see. But I said that Bitcoin's the dawn. So it's always going to be the biggest and actually competition is good for it because it's resilient. It shows that it's survived the hard for it. It's survived soft for it. It survived like 10,000 coins. It's clearly the biggest and best and most secure and yeah, get your final self sovereignty. Yeah. Josh Gagala. Yeah, it I totally agree. It'll it'll survive. And I think it's kind of wrong to say that Bitcoin hasn't got enough privacy. And I'm kind of fascinated by Brian Armstrong's reasoning there because I mean, maybe it's gotten to this stage because he's realized that the IRS is really hammering down and the only way to beat a lot of this is to to have more privacy. But at the end of the day, the IRS is is hammering down on his company. So it doesn't matter how private the on-chain stuff is. If you've got a company that's sitting there with all the coins, that's all readable because it's all not on-chain but on database. And yeah, you don't really have a choice. One thing that is is a total falsehood anyway is that Bitcoin isn't private enough because it is definitely private- if you want it to be. If you'd want to jump through a bunch of hoops, you can definitely mix the heck out of that stuff and it's it's so there's no way that it with current technology that you can trace back. And even with the best technology in 10 years time, you would only be able to say that the likelihood of this coin being that person is probably so and so. But there's just the whole law, law works on benefit of the doubt and it also works on how certain are you of a certain guilt. And by breaking down the certainty, you're breaking you, you're making more fungible as well. Lightning Network, I mean, Ben can talk more about this, but Lightning Network takes crypto much further down the privacy road and then master and all these other things that are coming along. Also working on that. So I find it really kind of interesting that the Brian bought that up because I know that he's rejected coins like Dash for having him built mixes. And well, I don't know if he has himself, I think the regulators that are like holding his noose pretty tight. Other ones that are saying, you know, don't go near that coin because it's got in-build mixes and so on and so forth. But yeah, that's I think you're exactly right, Josh, even if there was a coin like Brian's describing, his company wouldn't be able to use it. He's in that unique kind of monkey's paw kind of cursed riches, Midas touch kind of situation. They've been so successful. Everyone stores their coins there, but now they're going to have to rat everyone out on the IRS and whoever else it is is coming for all of them. And as much as Brian might have been a cipher punk or a libertarian and he might have had some kind of those values in the beginning, now he's created this monster and they're just going to go and devour everyone. So I'm sure he's kind of it's kind of Trumpian in a way. What are you saying there where he's exposing his true his true problems when he's trying to project them on other coins. Ben from Wales, your thought, Bitcoin has to be only Bitcoin. I mean, I first heard of Mimblewimble when it was dropped because it was dropped on the RC chart. And you've blasted and picked it up. And then did some work trying to sort of make sense of the proposal and realize there's something there. It's very much a Bitcoin. It's exciting technology. It's interesting technology. So to ignore it is, is staff like you want to explore it and embrace it. And if there's some platform you can use to explore more than great. Yeah, Bitcoin sometimes people try not to like Bitcoin to face this and it shouldn't be a face system. Because if you think of it that way, then you think, well, this is Bitcoin and this is how that to help Bitcoin works. And this is how it will always work. But and then when it changes, you get your feathers are not awful and they're like, they don't just sort of cry in heresy when people, to my internet connections a bit dodgy, cry in heresy when people decide to explore other technologies. It's not helpful, it's not helpful at all. Andrew Colastry, you know, he's one of the first people to read about Mimblewimble and he's still very much with Bitcoin. He's very, he's explored the technology and he's contributed to his development. So yeah, just let it evolve and let it see what it grows. It's fine. Yeah, in fact, if I could just quickly add to what Ben was saying there, it's really that I find when someone like, you know, I hate to say it, but Roger Burst says, this is the original Bitcoin and and tries to confuse people into which one is which that I find dodgy. I don't mind people forking off from Bitcoin. I don't mind, you know, go for it, try to compete. Let's do it. Let's go. If you've got it, wow, you think bigger blocks are good. Let's do it. But is it not like, is it not like, you know, I don't know, like the crusades and you've got some Muslims and you've got Christianity and and the Christians and let's say, this is the one you've got. No, this is the one you've got and they're battling each other and fighting and actually their interpretation was more similar. It's not even if we say, even if we say it's okay to break off. Like it's okay that Andrea has wrote the book, mastering Ethereum. He's writing mastering lightning now. It's okay. It's really not okay, right? We're putting a purity test out there, whether you enforce it or not. There's now a, you know, first class Bitcoiner and then there's a second class one and then I think there's others where they've done projects like I've certainly done other projects and then they could go back and hang you on it, but they forgot about them. It's so complicated to really keep track of who's really a pure Bitcoiner. I agree with Ben, it was the no true Scotsman, but let's get Dan in here. More from Dan, are you a pure Bitcoiner? Are you more purity? I, you know, Bitcoin from the start, but I'm not going to lie. I got kind of hooked in with altcoins because I started trying to buy like buy a flylabs and, you know, miners back in the day and I had tubes for Bitcoin, but they weren't profitable. So then I switched to GPUs. So, and I still kind of, you know, dabble a bit, but that's because I like fiddling with new wallets. There's loads of wallets that accept Bitcoin only, but there's some of the actual coin wallets that are quite interesting. Actually, like G-Bite or Biteball, whatever it is now, that was a very interesting wallet. It's not blockchain, it's what's it called, the DAG. But still, I like fiddling around with these new technologies. I keep on going. I keep on going. I keep on going. And as a business analyst, you know, I like seeing functions that are usable and improving a scenario. And if some other coin comes up with it first, then the cool thing is that Bitcoin will adopt it. So, yeah, I like competition. But Bitcoin is key. You know, when you DAG a sheep, you cut the hair off around its arseholes so that, yeah, so that the sheep doesn't hang around in the flies don't cause it to go back, you know, and then it dies. Yeah, so that's a DAG. And DAG is also a dog in snatch. You got the DAGs. Yeah, good job. I'm your projects. They do some good work. And Ether is a gas that gets you high, it doesn't really exist. All right, moving on. Did you know the World Crypto Network has its own audio podcast? Check it out on iTunes and wherever you listen to your audio podcasts. Give us a thumbs up, a good rating and a share on audio podcasts. Moving on to issue three power plant. A power plant in upstate New York has begun using its excess electricity to mine Bitcoin. As predicted several times on this show, the plant installed thousands of mining rigs at its facility and is now producing an average of 5.5 Bitcoin a day or around $50,000. Ben from Wales, is this the beginning of something more? Is it telling that they didn't mine Ethereum or Dogecoin, but that they actually mined Bitcoin? Yeah, I know I love a story like this because it kind of reinforced that stuff we have been saying for years. That's a great way to, if you have certain of a synergy, which your planet is producing, in order to make your power plant more financially viable, you can lock that value up and you can put it into Bitcoin and then sell Bitcoin later on. It's great. There was a problem for a while however, with Asics evolving as they were, that you couldn't get the miners in the mining quick enough. You couldn't have downtime whereas now with the evolution of Asics becoming slower, then you can start to see maybe more. In my case, the EOS F2 was the miners, it makes sense to employ you. You've got a lot of power and a lot of power. It makes sense to employ them to do the heavy lifting. A great story. I very much hope to see more stories like this, but in green energy and farms and more, what did you call them, dams and whatever else. So yeah, it's a good story. It is kind of a padding on the back story. The main reason we're having it on the show is because we've talked about it so many times that this is a great use for Bitcoin. You don't have enough batteries at the plant. You can't do anything with the excess energy. You can't shut off the waterfall. The waterfall just keeps going. So why not put this excess energy somewhere and put it in Bitcoin? This also brings up the idea that Bitcoin is kind of in a way an energy currency. You can store the value of the energy inside the Bitcoin. You just can't get the energy back out. The energy is gone. It makes perfect sense because as a society evolves and it uses more energy, it makes sense that the currency would then be the representation of energy itself. Let's go to Josh from Voltoro. Yeah, I've seen in Silicon Valley. I think there was a power plant there that had huge big stone rock that would slowly start moving and turning. And then when the energy at night time went out, the energy from the rock took over that just spun on its access and this flywheel would then power the night power. But yeah, I think there's other iterations of this. We're all in here in Europe. Heating our homes with oil and with hot water that revolves around the houses. It seems ridiculous when I could really just run a few miners if the fans were very, very silent that would heat the place as well as earn us and be money. So there's lots of really cool use. One of the weirdest use cases I remember was like way back in 2013 or something where someone was saying, oh, some company came out and they got all these VC funding. They got a shed load of VC funding. And what was their product? A light bulb that was a miner. It was the strangest thing to you guys remember that. It was the weirdest thing because you think, hang on. Mining companies, a bit fury, one of the, and it was just a side project and they showed up to Necker Island where Richard Branson, the billionaire, whatever from Virgin was, and they're like, Mr. Branson, it's amazing. Sir, look what we've done. It's a light bulb that mines Bitcoin. They were treated seriously. They were not laughed out. So we're because light already admits heat. I mean, unless it's LED, I guess, but like it's already burning hot. Like you don't want to put a miner on that. You want to put a miner on something like a heater. Sir, we've also invented an air conditioner that mines Bitcoin. Yes, the heat comes out right where the cold comes out. Brilliant. All right, let's go to crypto Raptor. That's actually a really cool idea. Isn't it New York that's still partly powered like the heating is partly powered by steam, which is why you see the sort of vents. So imagine like, you know, a city implementing a load of miners where the heat just distributes rounds to all the other people. Similarly, I went to visit a friend over New Year's Eve and he's in Germany near the biggest like beer factory. And they use the, I think it's heat from the excess yeast to power the heat for the town. So it's dirt cheap. But moving on to the coronavirus, I think this will be a really good test to see Bitcoin, how it's impacted by the supply chain. And specifically China, where people think that all of the, or most of the mining comes from. So if that's actually true, then we should be probably seeing drops in because of supply problems, manufacturing problems, maintenance, whatever, you know, there's a lot of supply chains that hit at the moment. In actual fact, I checked earlier, it's something I haven't checked for a while. And the Bitcoin hash rate peaked about, I don't know, not long ago at all, that nearly 138, well, I say 1.38 exeraches, exeraches. Got to tell you. Either way, it's the highest it's ever been. And at the moment, I think it's around 110 million to 130 million terror hash. So yeah, that doesn't seem to be effective right now. But the excess supply thing, it's always beneficial to have something to use your electricity for if you're over supplying. It's a little of a greed index, right? It's like, are you willing to run outside and install new miners, even though there's a coronavirus? Is someone willing to glue chips to a board and send them to you, even though there's a coronavirus? We're seeing how greedy people are versus how much they want to stay inside. Yeah. And I think there's also the natural revolution of that. Once people realize that, you know, E equals MC squared, but Bitcoin equals energy too. And so if you have energy, you can turn it into Bitcoin. So I think we're going to see the proliferation of outpower outlets using batteries that are going to die, for example, or it's just using any excess energy to be able to mine Bitcoin. And let's move on to the exit question. As in industrial Bitcoin mining ramps up, is this actually the end of the home miner? Or will some still survive? Ben Ark. Yeah, I think my name was a bit of a red hiring. I think we just employ the beefiest guys with the most access to most energy. And they're going to be the ones who secure Bitcoin, maybe in the future, something will change. But for now, no, no, my home mining you know, once on a square pad. Josh Gagala. I still think there's a market for like, because everything's become so cheap once you make these ASICs, like especially the USB ASICs, that you can sell these USB ASICs for about the same prices, a lottery ticket. And you could just plug them in an almost solo mine. And you're trying to the probably about the same as a lottery ticket to win that 25 Bitcoin. And you would add like a little bit of ash power at home. Yeah, I said someone PM to me the other day with a new browser. New browser, it mines for you. It's so funny, because really all that's doing is running a JavaScript in the background that sort of basically takes over your internet. And your whole computer will go, while you're surfing the net, which sounds terrible to me. But yeah, I think there's some projects like the like these sort of lottery concepts that might still happen. Dan, can I get you a toaster that mines Bitcoin? Well, I think actually, I thought back to the power plants. And I suddenly thought, how are they going to, you know, it's a lot of equipment to maintain and stuff. I'll get back to the question now. But imagine they have essentially, they'll have motherboards and power supplies. And the only thing that will change is, you know, the chips and they'll probably come in, you know, I don't know, like graphics card type packages. And then they could, that makes the more interchangeable than having to get new complete units. And so I think that's where it might evolve. You'll almost have blades of as kind of for a for Bitcoin mining. But going back to the question. One further. I'm going to be shipping containers. Just the way they do with data centers, you just bring in a shipping container, plug in the new one, unplug the old one, and sadly melt the ASICs down for metal. And and gold as well. Isn't that gold in like chipsets too? There's gold in their chips. There's gold in their chips. So I think home mining, it's going to become more of a niche. It'll be our meme team. It'll be like running a node, running a miner just so that you're contributing to the network. It's almost like a voting and people, I think, as the products get more clever, you know, from light bulbs to routers or whatever, you know, things that are on all the time, we'll probably see more of those products that, again, might have interchangeable parts so that you can add a few more chips and get some higher hash rate out of your washing machine. A great pessimistic of this. I'm not sure how to start. Come on, we'll get you a we'll get you a heater that you can just leave in your kids room, we'll make money for you. What's not like what's not to like? You make any financial sense if you eat the people who have access to cheap or free energy on a lot of it, that can be the ones you might pick, and they're just going to out hash anyone with a light bulb or a touch sterile anything else. The beauty of it is that that earned 21- so much money. Selling this idea. And they went out there and legitimately told people that there would be Bitcoin miners and toasters and that they were the company to do it and that all of our complaints saying it wasn't a good idea, we're all wrong. The 21.com, that's the one. And that's exactly where Belagie came from, Belagie, who now knows everything about the virus, because he was right about an early article where Silicon Valley stopped hand shaking and started fist bumping. And ever since then, he's been the hero of the virus. So so just goes to show you can get pretty far as long as Coinbase just buys your company and races everything you ever made. Anyway, moving on to issue four countries legalized. Germany and India took big steps towards accepting crypto currencies rather than fighting them this week with India legalizing cryptocurrency trading at least for now. The bank is already challenging it to the Indian Supreme Court and Germany enabling banks to sell and store crypto, creating what is being called by many as a crypto haven in Deutschland. Josh Gagala is this crypto normalization the beginning of a positive trend towards the legalization and acceptance of crypto currencies, planet wide. Yeah, I mean, I think it's ridiculous to ban math. I think it's just a stupid concept. You're going to have a massive brain drain on your hands and and doesn't make any sense. I mean, we have this new technology. It's like banning the internet or banning computers because bad people use it too. So I think we're going to see a lot of extra money fly in from India now as these on ramps come on board, but you know, these on ramps can also be turned off. So it's about I'm a bit tired of, you know, I'm in the exchange game as well. We've done an exchange. It's you know, I'm not hating on exchanges, but it's it's the fact that we need to start building an economy where we start accepting Bitcoin as payment to each other. And this is all the great work that Ben does in terms of the lightning network. And it allows us to have this the economy start to become circular. So it doesn't really matter if a country cuts off this on ramp or off ramp because we need to start using it without them. I mean, we already do, you know, but a lot of people that accept Bitcoin are instantly hedging out using a, you know, bit pay and stuff like this into into the out. And that's unfortunate. And this is something to do also with with the volatility, but there's also ways of, you know, shorting Bitcoin to hedge it. If you know, there might be other mechanisms instead of going out to fiat. You know, there's other mechanisms to go. So I think we need to we need to embrace getting paid and paying in Bitcoin. And this also means getting software that is easy to use that allows us sadly to do taxes and things and calculate all that because a lot of businesses don't want to accept Bitcoin because the accounting is just a pure nightmare. And they've just got a two hard bars get back to back to fiat because, you know, my accounting software deals with it. So yeah, I mean, these on ramps are fantastic for Bitcoin. It's great that we have we have them, but they can also be turned off. I mean, how many times is China been turned on and off and on and off? Ben from Wales, Germany and India leading the way forward? Yeah, I mean, Josh is right. I mean, the India realized they can't you can't buy maths, crack this. They work quite heavy on Bitcoin a few years ago from, I remember, briefly and I think nothing realized you can't stop it in India since it's still using it. So the main is we're trying to embrace it so that they're starting stuff. It's good because India's full of very excellent computer scientists and engineers who can build some cool stuff for Bitcoin and build out the Bitcoin ecosystem. So it's good to let's often think with Germany. I think I can't help feeling that someone who didn't think Brexit was particularly good idea. And I can't help feeling that Germany, you know, that the hoarding or that cash in those vaults and they're literally having to do it. Is this right, Josh, that they're literally having to like buy more vaults to hold the cash because the banks are going to cost more than the cash? Yeah, that's right. The vaulting facilities that we use has had to say no to Deutsche Bank and some other banks because they don't want to pay the negative interest rates for paying back to central banks and holding it there. So they hold little physical banks. Actually, it's quite a volume physical cash. So because, you know, it doesn't store much value. So yeah, it's incredibly weird situation where these banks are literally old school, hard in cash and physical vaults. Yeah. That's hilarious to hear the banks involved in that. Usually I hear about the marijuana companies in the United States, they're selling cannabis. They can't accept and use the banking system because it's federally legal. But in the state, it may be legal. So they have the same thing, these vaults. So it turns out buying the shovels, investing in vault companies. That's the future. Well, yeah, exactly. But the Deutsche Bank was like 50 billion or something they have now. So it's a big institution and Bitcoin doesn't take any space and you could hold 50 billion. Dollars was a bit going on a, you know, I don't know what I'm talking about. It's probably not advisable. So yeah, I mean, I think the German economy have realized that again, they shouldn't try on biomass and shouldn't try and could tell all this innovation. Actually, it can benefit them in some ways, which they can make it find useful. So yeah, it's both, both good news, both great for Bitcoin, particularly the German slide because it's encourages German banks to, I don't know, embrace the technology and start playing around with it more. It's good. Dan, now, Joe, I'm going to put my bank hat on. Now, now, now banks can also go fraction or reserve with your Bitcoin. Maybe an event just coming soon to Bitcoin. Go, sweet. Dan, if would you go to Germany or India? Go ahead. Well, so I thought Germany was already quite lenient because there isn't then no tax on crypto like capital gains, crypto sales as long as you hold it for a year. Is that correct, Josh? Yeah, that's correct, but this is, you know, this is because it was categorized as a commodity. So that's the deal with commodities and that's why it got automatically that regulation. We also had no Bitcoin ATMs for a while, but that opened up. That was a loophole. Did that stay open, Josh? Are there Bitcoin ATMs in Germany? There are, but the word on the street, the word around the catfire is that they get a lot of hassle from the tax authorities. They get a lot of hassle from every authority. So it's not worth having one, apparently. All right, let's go back to Dan. Is he going to eat a sourcrow or curry? Oh, well, I'll go for sourcrow anyway, because I was there in Bavaria, over Christmas, and it was absolutely awesome. Drove pretty much from North to South. But yeah, I think, you know, there's room 77, your Plats is place that was in Germany, and there's a lot of things that happen in, you know, a lot of good big conferences actually that happen in Germany, blockchain hotel. I don't know if that's happening this year, but I love that one too. And it's great that Germany's kind of embracing it as one of the biggest economies. Now, within you, I think I read earlier today that they, they, there's a petition already against an appeal for that decision against the RBI. But, you know, a lot of people are saying, look, they've they've overcome it before. It's got to prove that Bitcoin isn't directly impacting on RBI and the central banking functions, which it kind of is, but they didn't prove it well last time. So then I'm likely to prove it again this time. So I think it's very positive when any country kind of adopts and laws about cryptocurrency or regulation that's kind of especially lenient where they work, the regulators work for them on the custodianship. I think that's been, you know, there's a lot of movement that's been happening in the background, like Coinshers, a while back signed, I think, with Nemura, you know, the Japanese financial institution for custodianship. And there's a lot of banks. It seems kind of exploring the idea of custodianship. Obviously that scares a lot of people because not your keys, not your Bitcoin. But then for other people who are like, I'm an idiot, geez, I lose everything. Like my sunglasses every day, those people like the ability to go to someone and mone and get something back if they if they fucked up, they screwed up. So I think it's kind of a good thing for certain people. And if it gets them into Bitcoin, kick starts the learning process and then they move from custodianship to private key ownership, then, you know, that's better than just staying in a bank. Moving on to the exit question, which country will change their two next, Ben Arck? Um, what for the question? All of them probably with this coronavirus nonsense when the world economy comes crashing out of Bitcoin, do anything left standing, then yeah, probably all of them. Josh, can you tap all of them? Yeah, Mars. No, I just want to quickly, uh, no, I won't bother you. I think I think some of these, I find it really interesting actually what Ben said. I never really thought about it. And that's the fact that Germany has all this cash, these banks and they're paying negative interest, and they don't want to exit the EU, which you're enforcing through the, you're paying central bank, the negative interest rates. So why not just buy Bitcoin? It's really interesting. The other thing with banks just quickly on the last question is that banks get hacked all the time and you never hear about it. They don't talk about it ever. It's buried because it's just not good for business. So I am very, you know, it's funny because all these regulators like banks, you need to have a professional banker, you need, you need, you need all these things to get the license and, and really they're all idiots when it comes to crypto because you need experts in this field. It's a very new field. You can't just say, oh, bank, because they can hold money, that means they're safe. They're not safe. They get hacked all the time. So yeah, they'll be interesting to see what happens. I mean, they're definitely not Coinbase. Coinbase is a very specific set of skill sets to hold so much wealth in a, in a, in a honeypot. But, yeah, the next country I'm not sure, maybe, yeah, Russia. And Eve, we've got Russia. We've got all of them. What have you got? I'm hoping it's the UK or whatever the UK is after it's hard forked again from the EU. Because, you know, it's a prime opportunity now to take advantage of the D changes in regulation. And I think that kind of Britain's in a prime position to be at the forefront of this and go, right, okay, we've broken away. Let's do something radical. Let's adopt Bitcoin as the second three reserve, I don't know, reserve currency or something like that, you know, something that's a bit of a statement to kind of celebrate the fact that they've dropped they we. So it was a we decision, although I didn't. But, yeah, hopefully I think Britain, isn't it meant to be one of the financial capital of the world? So it would seem logical that the financial capital of the world would want to be advantage of the technology, especially in the, I say early days, but it's still early days. And then, you know, it's selling that and take advantage of that prime spot. There's additional guesses in the chat. They say China, Portugal, Spain, France, Poland, Bolivia, Greece, but they're all wrong. The correct answer is there are a public of Iran, Iran, that's right. They're getting by sanctions nationally. It's only a matter of time before they figure out they could let their people use this money as well. It's an incredibly anti-US thing to do spreading the Bitcoin gospel to the people of Iran. Moving on to predictions or a story of the week, Ben, are you ready with a prediction or a story of the week? I should also say on that last on the last exit question, the obviously my answer is going to be the first place to adopt Bitcoin. Because we're going to break away from the US, the UK, and if you look in the last yes code propaganda pamphlet in there, there's a big section on digital currencies and how well it could use digital currency for the. Wales exit, Scotch exit, Northern Ireland exit, so many exits. But that is being you and left is where people will live. People say that. Drinking tea. No, predict prediction is just more confidence is just flaking. I mean, it's a good thing that they're canceling. It's responsible thing to do. Going off thousands of people together in a room and more over the world. Typically, Bitcoin is, we don't know the Bitcoin sketch. I can die that way. But Bitcoin 2020, I mean, this was kind of easy. It's a good thing. It's easy to predict, but they've had to postpone the conference. And it's a great shame because I mean, those guys, they work incredibly hard. And they're a great bunch. And yeah, it's a real shame that they've been really being caught through the mail. It's going to cost them, I don't know how much can cost them financially to postpone the conference. But it's very regrettable, but it's just a symptom of the times. And I think it's responsible that they've postpone it now, rather than later on when people may have put flights. So yeah, so it gives people the opportunity to try and claim back some money if they have a flight or a combination or whatever. So yeah, so just, we're just going to have a week of conference. Now Bitcoin 2020 is postponed. The rest will follow. And it's to be expected. And it's such a responsible thing to do. There's a lot of time how Bitcoin is out there saying, I don't care. I'm just going to do the conference anyway. But, you know, what could you do really? I'm going to do it. That by price by. It's pretty the virus and all about new system building. It's good food for a job. I get plenty of sleep, which I know a lot of us Bitcoin is done right to do. But guess some sleep is important. And, yeah, stay healthy. But yeah, my prediction is more conferences. Yeah. Yeah. Yeah, coin fest conference was also moved to September. The Mad Tour is pretty much on hold right now. We were going to go to Mallorca and coin fest. I get to the Bitcoin price, I man. Is that the Bitcoin price? Obviously, and you're hearing about it right here. You're getting the early scoop, although it's been hinted on Twitter. There wasn't much left to tour as the world. Yeah, all these all these Bitcoin is catching out. So it's a Bitcoin conferences. So that's. I was meant to talk at Mallorca block. I don't think it's been canceled yet, but coin fest was delayed till September. And even then there's people saying that this might not be over by September. Of course, the. The president says it'll be over by April and that the cases will all go to zero. But that seems really unlikely. Josh, good call a story of the week. Go ahead. Story of the week. Yeah, I mean, Corona is just the story of the month, really, of the two months. I mean, this thing, this thing is, is it people have got to realize the power of exponentiality. And this is something that they don't. And this is, I guess, what early Bitcoiners were good at. And that's why they saw. That it had value because. Hang on a minute. This is kind of interesting technology. The power of exponentiality. Oh, a bit by some. The, the, the, the doubling effect in Germany and in Germany alone is. Is three days. It doubles every three days. The cases. So. So if that is the case, then within 42 days, we will see more than eight million people with this. This is, this is kind of insane. And then, you know, three days later, 16 million. So. People don't, don't, don't. You know, don't panic. Don't go crazy. But like a good boy scout. And, you know, just, you know, just, just, you know, just, just, just. Just, like that. And, don't, don't be silly. Don't, don't go to large gatherings. Just because they didn't cancel themselves. Everyone's staying inside. Dan Eve prediction or story of the week. OK. So, you know, I'm going back to actually just very quickly. Well, we've gone back to coronavirus because it's the talk of the town. One of those ripples actually, very close to home. So, 95% of fly, be, of flights out of the local airport. And with the company that just collapsed. So that's 2000 jobs down because, you know, everyone's asked for refunds and whatever's happened. So that's just, I think one of the ripple effects. So, that's just the story of the week. I think we're probably possibly may see more of these happening where, you know, orders are cancelled and some companies are falling, unfortunately. Story of the week. That was a prediction. Story of the week. Perfectly timed for the travel shutdown of the world. Trippki is raising to our IPPKI hotel booking platform that you can pay in crypto. So, I think we've got 20% of the raise, but obviously we're looking for more because we're greedy. But now I need you to check out and obviously I'm hoping that the whole. We get a vaccine soon, free chance, something like that. I don't know, but hopefully it doesn't last long because I need more t-shirts and I only seem to get the crypto conferences. The only way you're going to get t-shirts is at Bitcoin conferences, your entire wardrobe in danger. Thanks so much to everybody for watching. Be sure to donate. We've got the QR code on your screen right now. We're trying to raise one million dollars. It's going pretty well. So far the amount of Bitcoin we've been trying to get has gone down from. Oh, I've Bitcoin to 115 now a mere 109 Bitcoin. So we're getting closer and closer to our goal. Thanks to the price of Bitcoin going up. Also be sure to check out the world crypto network. Subscribe down below. Give us a thumbs up and a share and check out the Thomas Hunt show. Somebody started that this week. It's been fun. I've been doing some call in. So if you want to call in to the Thomas Hunt show and maybe people want to be guest. We also did Saturday night. What's it called Bitcoin Saturday night. We had a fun time with a ugly old goat and one galt did that last week. We might try to do it again this week. Everyone's wavering. It's very difficult to write a weekly show every week almost impossible. Some would say, but somehow we just keep doing it. So that's about it. I agree with everyone else. We're all talking about the coronavirus. It's unfortunate that it didn't go the other way and that it hasn't gone the other way yet. People in the chat want. Congratulations. You were right. You were right on the virus that destroyed humanity. We were fools for being optimistic that it wouldn't destroy humanity. Curses. Curses on us. But now I wonder how happy. I'd like to see how happy Greta is with this whole thing because really the smogs clear it up across China. I wonder if she's happy or disappointed or if she's got mixed feelings. I just. Well, I remember environmentally 9-11 was actually a good thing because we stopped flying airplanes for about a week. And the smog and everything really did close up. It was it. It was but in the same respect it was a scary thing because we learned that it was global dimming where actually all the contrails of all those planes is is actually cooling. The planet. The surface of the earth much cooler than it is. Everything's like a few degrees lower than it should be. So if you stop the planes from flying around, everything warms up and the effects of global warming is harder so. Oh, contrails. And actually good. Oh, now we're conflicted because we're flying and we're destroying the lines. But we're flying and we're saving the environment. Oh, we can't have both. Interesting thing on the Greta story. I hear there's a new conservative anti Greta. But just as you would expect she's got some nasty skeletons in the closet and some of them aren't just nasty but Nazi. But you know, that's how it goes. I just can't find someone just one letter away. Doesn't have that nasty shit running around. It's always like they're always like, oh, I wish there were less humans on the planet and you're like, oh, no, wait a minute. One of those letters is wrong. No, I think we're about out of time for today. Thanks to everybody in the chat joining us, giving us a thumbs up and share a shout out to proper, proper goal gave us like 20 EU dollars and somebody else also. Let me scroll back here. There's a U us you've us gave us five bucks. Thanks you boss. Thanks to everybody for donating to the Bitcoin address. A thumbs up and a share writing a treat about the show are comment comments are good. Those really help you to you know, tell people that this is good content and worth watching. So thanks so much for joining us until next time. Bye bye.