The Bitcoin Group, the American original for over the last 10 seconds, the sharpest Satoshi's, the best bitcoins, the hardest crypto currency talk. We'd like to welcome our panelists, Ben Arck from BTC, IOT. Hello. Dan Eve, the crypto raptor. Good evening, all. Juan Galt from phone, HODL. Ahoy. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one Bitcoin price. Bitcoin has roared into the second quarter of the year, jumping above $7,000 for Bitcoin and rising almost 15% in the last 24 hours. The Bitcoin price, which last month fell to under $4,000 in the aftermath of the Corona-induced broad market crash has rallied hard against its lows, with many seeing it going far higher over the course of the year. But the real question is, has the price of Bitcoin decoupled from the stock market? Ben from Wales. It will inevitably happen. People looked for stability as they wouldn't very unstable times. But now, with all the money printing which is happening, Bitcoin is looking more and more stable, because we can predict, at least say, when the rate of issuance is going to, it's going to half, which we've got coming up in the same day, so I think 38 days or something like that. So I think the timing is kind of perfect with a decoupling, and then give us a nice month of Bitcoin price action being different to the general market's price action. And then we go into the hardening. So I think what we saw was the people who just kind of trade Bitcoin quickly clearing Bitcoin from their portfolios, who could go into something more stable, like just financially more stable. And then you hit that with a bedrock of Bitcoiners, and the price is still pretty high. So supply and demand, a lot of people flooded the market with a lot of Bitcoin, and then the price went down. So, but now more and more people will just be picking up Bitcoin just to kind of hedge some of the economic problems which are just around the corner. More than likely we're going to have a depression times again, get pretty hard, and we're going to be people are going to suffer. So I think they're keen on putting their money into something which is designed specifically to be deflationary, which everybody will have will witness from their laptops, from their quarantine homes in just over a month's time. So yeah, we're decoupling. Dan Eve, the crypto raptor. Yeah, I think with there's a real kind of tornado of events coming out with harvining and the fact that we are going to voluntary. Oh, sorry, what's that been? Go ahead, go ahead Dan. Yeah, with the harvining coming up, I think that that's going to definitely help with that decoupling. I think that, you know, at the moment, I think if we've got more bad news, then I think that Bitcoin could, you know, like heavily bad news. I think the Bitcoin might plop with the rest of the markets a bit. I think we're still, you know, that still might happen just from general fear and panic of people fearing for their lives, not just fearing for basically, you know, assets, you know, it's not just say Tesla going down and should I put my money to something else it's it's life threatening. So people are a bit more wary of that. So be it would be cool to see, you know, Bitcoin decoupling earlier, but I just think that with everything's a bit frothy at the moment. Well, see the harvining was coming out. We got the just over a hundred extra hash at the moment again. So it's kind of staying roughly consistently in that area and there's been what isn't it the biggest the biggest down down down click in difficulty. So yeah, I think seem pretty stable actually and we haven't seen any of these additional repercussions of the potential lockdowns of China. Again, if if Chinese miners are meant to, you know, control the market, we haven't seen and they've been in under a huge lockdown effort. We haven't seen that effect Bitcoin mining. So we've thought to have seen some some ripples there, but yeah, it seems seems all good in the hood. One got. Right. Yeah. So, you know, the recent drop was arguably because the stock market crashed. There's there's a lot of liquidation of long positions on the market and in the stock market, you don't just lose what you have in the account, you lose your, you know, your home and anything else you have like if you're, if you're, if you're long and you get liquidated and you don't have. Like, you know, if you can't cover your position in the moment, you got to go and find the money somewhere like you really have certain obligations. So people sell their goals, sell their Bitcoin and that that's arguably why there was a sell off in other markets as the market as the stock market crashed. And the stock market crashed a because of the fear of Corona, but more probably because of the of the lockdown and the sort of government and societal responses to the virus. And, you know, and in lockdown of of of a kind of global economic engagement, right. So that was really interesting. I think. You know, in terms of the price, you know, Bitcoin is a hedge for inflation is a hedge against fear currencies and and the sort of trivial arbitrary inflation of the money supply. But it's not necessarily a hedge against, against supply shocks like what we're seeing from China. And as a result of Corona, the Corona virus or is and it's not a hedge against pandemics. So it's, this is, it's, it's, it's kind of an charted territory that we're in right now. And, you know, to some degree, like, like, there is fear of being printed at scale trillion to dollars and many other currencies are printing money. So Bitcoin is still in a very good fundamental position, but there's also sort of new demands. The market has shifted people's behavior. You know, billions people behavior has been impacted by this and there's reasons to think that, you know, there is no normal to go back to where in a new world, the world has changed in a deep way. And so, yeah, I think we're not charted territory, but I think, you know, with with the happening coming and with all the fear being printed and on top of that, like the bottom, we just experienced, you know, the market dropped to the point that it actually emptied order books inside of BitMix's futures, right. And that means that just the buyers ran out and the sellers just hit, you know, went as far as they could and then the bounce was deep, you know, that week, the week for the last for the last month was very deep. So, you know, there's technical reasons to think that we might have bottomed right at the end of the day, who knows what the price is going to do. But I think they argument, the bullish argument for Bitcoin is stronger than it's been probably in the last year, year and a half. That said, because we're an uncharted territory, I think it's still wise to play it safe, you know, make sure you have some food, make sure you have whatever you need for a few months, because you can't eat a Bitcoin, but, but it will be a hedge against it should be a hedge against fiat and against other kind of stores of value. I think gold and Bitcoin and, you know, hopefully silver will continue to go up and become a, you know, the new, the new safe havens financial safe havens. That's very true. You can't eat a Bitcoin, moving on to the exit question, the price of Bitcoin this time next week will be higher or lower than. Probably higher, but it could again go lower, but it's going to be choppy on the ropes the harvining, but then I think it's going to go much higher obviously. And Eve. Harvining is about six weeks away like 41, 42 days, 41 days. So I reckon it's up and away. I think gold. Yeah, I'm actually, I think you could go either way. I think there's really good reason to think it could go up, but it could also have, you know, we could also go down. I'm not really sure. I'm biased towards long, but the happening in the past hasn't been an instant bull market kind of like take off. It usually takes a little bit to. Let's consult the magic eight ball. Here we go. Yes, well, the price be higher this time next week. It is decidedly so it is decidedly so the ball has spoken moving on to issue to. Factum one of the first ICO companies is getting liquidated. That's right. They were one of the very first to offer their very own tokens and your chance to invest in the factum protocol. They were going to put deeds and other documents onto the blockchain. They even raised multiple rounds of traditional VC funding, but the road has come to an end for factum. Dan Eve, can I get you a deed on a blockchain? How much would you like a token to buy that? Are you going to buy any tokens in advance? Can I sell you a token, please? It's funny because FCT is the symbol and it's actually got there's a bit of a deeper meaning behind that. I'll think to connection to me, which is the fact that the system that I developed for the company, well, obviously work force called FCT, which is the financial control tool. And I always saw FCT on the on the charts and I'd be like, I should buy that because it's like because it's you know there's that link there. So as a good strategic trade trader does, you know, pinning a tail on the donkey sort of stuff. And I never did. But I think they had in principle some good stuff, but I think there's better stuff out there for time stamping, better work out there. The main stage, one of them, there's open time stamps. There's other solutions and I think that sounds all good, but and they got VC money, but they somehow, you know, they weren't able to do much with these hordes of cash. I don't know what these people do. Hordes of cash. If I had a horde of cash right now, I would have like 50 different perfect pieces of software and they'd all work and stuff. And I do that for a small amount that they just people just burn millions. I don't know how it works, but congratulations. You must have put loads of money. And they said that this is going to be an even better fire because it was coming out of Austin instead of San Francisco. It was supposed to burn hotter and longer. One goal. Can I get you some marshmallows? Please, please do give us a marshmallows. Yeah, I mean, this is, it's, it's very, very interesting news, you know, the maximalists have been predicting the end of the death of tokens and the end of shit coins and the end of the ICO bubble or at least hoping it comes for like a while, a couple of years now. And this is one of the biggest ICOs, like one of the first ICOs. It's very old. It's been around for a long time. And they're, they're, what they're trying to solve has been solved by other organizations without, you know, and well enough without a middleman token. And I think that's one of the biggest problems here is that they have middleman token. And it's a problem that many other projects have right it seems that they don't fundamentally understand what a currency is supposed to do. What a currency does is it facilitates exchange for goods and services between people who have, you know, different things to trade right. Well, not only do you have to adopt, you know, a new currency like Bitcoin, which has, you know, at least the worldwide recognition of a brand and stuff. Whether you have to go and buy another middleman currency in order to leverage the service. No, you're, you're, the people are creating friction with these tokens and it's not like there's hot demand for this technology. I think they're probably too early and you know, I get that they're innovating with their tokens, you know, back in the day, maybe, you know, it was more, you know, you could, you could speculate that maybe this technology, this tokens would be worth something. But, yeah, open time stamps and you know there's another company called you Bitcoin, which has been doing this kind of work. And the blockchain agnostic way without a middleman token. And they're doing just fine. So RIP, RIP factum, you know, I've met some of the guys that are great, they're good people, they're trying to do good stuff, but, you know, I think that we should be learning a lesson here is middleman tokens are a friction point. A lot of their examples were nonsense as well. They talk about how if you could prove in the blockchain that you had the deed to some land, maybe you could convict some dictator down the future to let you have that land. It doesn't make any sense. No dictator has to listen to you just because it's on the blockchain. It wasn't a matter of the providence of the records. It was that the system had changed. Ben from Wales, blockchain full of deeds. Can I get you a token? Yeah, no, I think I think there is some actually there's some logic in it, you know, the wide idea of, and the next day both social scalability thing that you can, you could leverage some of this technology to be able to take some human friction of something like land ownership, for example. And I think we probably will use some of this stuff at some point for that one day. But the ICO stuff we all knew was calm. It was it was yes, the technology is capable of servicing these different needs, but no one really knows how you should evolve over time. But it's too tempting to throw money at some people, the fact and guys with, you know, right people. And then hope that they're the ones who are going to work out this problem, which is going to be solved over time. But I think there's there's there's value in the proposition that some of these things could I know you have they are always have this our own problem, but some of these technologies could be useful for. Yeah, just for getting rid of the amount of bureaucracy, which is involved in a lot of a lot of those sorts of services. But it is so like the round system of, you know, applying for sea rounds of funding is a lot of the time is bruises millions you have to just burn through your round and you encourage to burn through that round because then you have to release more of your control more of your equity to the shareholders to to to find out, you know, that financial capital is they can take more of your company. And in a company like this, you know, a lot of, but the investment they will have the investors know that there's nothing's going to come up the company. That's more people too. That I see as in token to generally a complete waste of time, but they know that they can sell on that product further down the line on another round to another investor. The timing of this, it probably coincides with the fact that I can't imagine as many venture capitalists out there willing to kind of take that bet that they can throw money at company and then sell the equity they get a little bit later on for a little bit more money. So I think we're going to have the few ICOs, I mean, I see the way an ICO is just a terrible way to finance something, but you will just like if you gave random people on the streets of money like every now and then one of them's going to do something useful with that money. So, but yeah, the majority of all ICOs would complete crap obviously and it's just a terrible way to to finance, you know, building ideas and and been innovating. So, yeah, but we will see from the ones who won't complete scams and just took people's money, the ones who actually tried to play the game and get involved in venture capitalists and all that sort of stuff. We're going to see more and more of those, you know, I'll just like legacy industry is a suffering and lots of companies are going bust because they can't get investment or whatever. And then we've got enough with Ron Wager, we'll see the same thing with those token companies. So yeah, it's it's yeah, I mean, hopefully maybe it'll just encourage people not to just throw money at this technology and hope that something will magically grow out of it. And rather just actually like Dan said, you know, actually work on solutions, which you don't actually need that much money to do as we see with the free and open source stuff, which happens in a real Bitcoin. Well, there's no way of that happening, but great Brewsters Reff millions reference there been I love that movie great book to 18th century classic. But yes, they had to spend all the money they had to make a big fire. We make fun of them for spending it all, but Ben's right, they did have to spend it all also the way that marketing works. They had to make a big start right there at the beginning or they were doomed. So they had to do all the things they did they had no choice. They didn't have to print their own money. They didn't have to make a token. They did that on their own. Let's move on to the exit question. Who's next? What ICO or major project that seems unbeatable will go out of business next? Dan Eve your pick. Oh man, I should probably bring up quite market caps. I've actually been avoiding looking at prices and stuff recently, even though it's you know, joy, a bit quenched had a joyous pump. Okay, well, I think that I mean, really interesting to see what the what chain lick actually do the reason the reason why is because like I think that I read earlier on they actually got some sort of commendation from Swift and Swift is like the biggest, you know, Swift bank magazine, you know, that's the she isn't it that we use currently in the existence systems. I thought there would be some massive movements there. It does seem like it's been all hype now. So that's the first kind of token in the in the in the top 15 or whatever. I mean, I don't know what most of the others do. So in terms of token wise. So I'll pick changing. I think it sounds very heavy. Sounds like a very strong blockchain. One gold who's going out of business next? You know, I'm not sure who it will be, but I think it'll continue to happen. I mean, the fact that fact on went down, you know, it's kind of kind of amazing because yeah, they were they were here for a long time and they were big. They're really big. So I think we can expect more than the comments actually just looking for. Oh, yeah, looking for a chart Bitcoin volatility versus other assets. This is on who bull calm will use charts. And anyway, there's one chart that he has. It's not this one that compares all coins over time to Bitcoin. And that most of them just trend down to zero, you know, almost all on. And I expect that will continue. And you know, given that we're in a post Corona era, we might as well just start talking about it that way. I think people might start looking at these things again with a new kind of from a new perspective and be like, why? You know, I don't need some sci fi futuristic thing. We need to make sure there's food. We clearly need to up our local domestic production of essential goods, because it can be depending on China for medicine and masks, you know, that's nuts. And so I think people are going to hopefully this kind of shock should refocus because people's priorities towards local domestic redundancy of of essential goods services and globalism has taken a massive hit here. From what I can tell. So, you know, other nonessential outgoing projects are probably going to take a hit to. Come on. I have no. You know, it's true. All you need is does coin. That's right. Is all you need. Then from Wales. Who's going out next? I agree with one. I agree with him on the idea of going more local of the more of anicus kind of society, which we will compose Corona just because it makes sense to be able to mitigate as we were all becoming more local anyway, because of this crisis. And in a way, we're starting to have a better sense of community with each other. And, you know, democracy from the bottom up. That's what we want because we don't really like those guys being in power and actually if you, if people, if you have, you know, people, if you have people making decisions from the bottom up, then they're less likely to spend money on things like the military and the more likely to pull money into things like healthcare. And that's just like the pandemic. So as we saw with the Spanish revolution in the, yeah. So there's been historical examples where that happened. What was what were you saying? Oh, yeah, I actually think a lot of Bitcoin companies are going to go down and going to go bust a lot of companies in general are going to go bust. But I know of a bunch of companies who have spoken to and they were looking big companies, you know, we all know love and they were looking for funding rounds. And I can't imagine they're going to get them. So hopefully Bitcoin, we got them priced and those, those people will be, they'll have a little stash of Bitcoin and that can carry them through. But yeah, no, I just just like within regular normal legacy industries, all these companies have gone bust and a whole bunch of Bitcoin companies are going to go bust as well. So I think it's just noticed a little bit closer towards a free and open source society. Very good. Moving on to the next issue. Did you know the world crypto network has its own audio podcast. And listen to this show and other shows wherever audio podcasts are listened to, even on Apple iTunes and more, check out the world crypto network audio podcast today. They have the users, Binance CEO explains why he bought coin market cap. It's a pretty great looking move from the outside, CZ and Binance have bought coin market cap. The number one source for Bitcoin and altcoin price information and from now on, there's no doubt that it will recommend you should use Binance. Maybe even you'll have to have your coin on Binance to get listed on coin market cap. Very clever move by CZ. Long gold. Is it worth $400 million for coin market cap? Oh my God. I think one of the things that took a big hit in this in this Corona crisis was the idea that you can spend like millions, millions of dollars to grow a company kind of like how Amazon grew Amazon. It might have worked for him and it might have worked at the time, but I think we are in somewhat of a new era. And I don't know about you guys. This is just me, but I haven't looked at coin market cap almost at all in the past few months. I actually kind of feel like I lost faith in coin market cap. When I started to see just some of these ridiculous projects having a high ranking when it was clearly they're doing supply manipulation. There's a lot of volume manipulation and you know coin market has to control for that. But they, you know, market cap as a metric actually is very shallow and not that useful. And by the time you see a coin go up or market cap, you know, it's too late. I actually use it as a search engine. I used it to find the websites of the coins. I used to find the official websites of coins. That's what I used it for for the most part. And you know, to have a quick glance at the price and for that, they've been a great company. You know, it's basically probably one of the most profitable companies in this industry ever. Right. Of all the ICO projects and company and things that they've helped launch. They are probably most more profitable than 80% of them. And that's there's definitely credit there. But I would my my gut feeling here is that they're actually they've picked and that they're starting to they're probably not seeing the numbers that they've seen in the past, especially after the all coin bull market of 2017 and such. So very interesting move. I don't know if it's the I mean, it's a smart move, but I don't know if it's that good. I doubt that they'll make it like you have to be on Binance to get into coin market cap. But the Binance is being regularly accused of manipulating the markets and triggering pump and dumps. In fact, when when Justin Sun recently acquired steam. And then the steam community tried to fork him and then during the negotiations that followed Justin Sun and I can share the link. I've shared it before actually offer them during a public negotiations that listen. Don't fork off. We'll figure something out and we'll get Binance to basically will make it will get a pump going and then you can cash out right. And this was in the context of Binance right don't screw the exchanges. We can get a pump going and then you can cash out at you know up right. So this is it's there's a lot of reasons to think that that Binance is you know manipulating the market at least to like they stimulate pumps. And I would imagine they might try to do something that like that with coin market cap. So I don't know. I mean, it's interesting move, but I'm somewhat skeptical. And then from Wales did Binance get a good deal on coin market cap. Well, if you're buying any company if anyone buys any company then you look at the asset you look at the way in which competitive your company look at the assets of that company. So maybe you know the amount of hits. I mean, I agree. I mean, I've been on coin market quite while. But maybe just on the amount of hits and now they can have you know they just have dedicated advertising just themselves on that on that site which maybe all those shit going as a hit and constantly. Which is you know what they want to send them forward them towards Binance. So maybe financially it makes sense. Probably not what would make more financial sense as always is you take 400 million and you use it to to fund developers just developers working on core developers working on free and open source projects. And then you just grow out the Bitcoin ecosystem. That's a hell of a lot of money and I could do a lot of good. I'm sure they wouldn't spend that money unless they had to you know and I think they probably think that they can recoup it and they might be able to do that just on the advertising alone of the amount of hits that website probably gets from check on it's which we're not so why would we don't quite market cap we've gone for some. So you know for the interest to see how these you know during the acio case for example I'll find on that couple of times today and is positive because I was going to buy any of these things is just so wanted to see how ridiculous the charts were and what the action was on that but nice pretty boring we only really care about Bitcoin but for the shit going is maybe that's the site they hit all the time and it's a good place for Binance to shoot themselves so. We've got to go on coin market cap it's the only place to get information on toilet paper coin come on shout out to the 62 people that are watching us live be sure to give us a thumbs up down below 14 people have given us thumbs up that's how you to recommend this video to other people so it's free and really helps us get other viewers Dan Eve your thoughts on the sale of coin market cap. So I actually think I think it for 400 million if you compare it to and we talked about this on the Thomas Hunter the other day but you compare it to I think it's earn.com that sold for 400 million to coin base or around that region and I think that this site is great for information if you are a shit coin it's basically a great for place to have your coin listed is almost like the index it's the place to be you need to be on coin market cap to be recognized people don't take you seriously there. So it's got you know quite a loyal you know kind of what's the word social agreement almost that between people in these chat rooms that you know things that aren't on coin market market cap are aren't as risky it's a more risky whereas obviously there's all sorts of risky crap on coin market cap like 99% of it. At the end of the day it's rank 555 as of today on Alexa it's 570 the other day so I wouldn't be surprised if perhaps the sort of everyone being at home and the coronavirus sort of scare as and the Bitcoin price pumping is contributed to that but ultimately you know 555 in the world it's pretty good in terms of global rank and that is a big powerful cards to have in you know an already very well established. So I think you suggested the other day Tom you had those by buy from Binance on everything you know the the possibilities are pretty endless and I think that the best thing that the community can do right now is basically come together and build an open source version that would be pretty awesome. Exit question force prediction will Binance lock coin market cap so that you must be listed on Binance to be listed on coin market cap one got yes or no. I'm going to go with no one down. Ben from Wales. Can you go with the know I think they'd be shooting themselves in the foot so no. Dan Eve. Yeah I'm a no I think I think that the community he loves the community to all seems like he loves the community too much and as someone who is so ingrained in the community that would be like suicide for them I think. The end yes but not right away 400 million dollars is a lot of million dollars at some point they'll realize they spent too much and they have to turn coin market cap into the Binance club you must be listed to play ball plus then they can get kickbacks they can have a casting couch there's all kinds of options moving on to issue for interactive video issue shout out to our friend James the end. Angelo and the congressional research institute formerly world Bitcoin network I used to do the Bitcoin blackboard series and now he's back with a great new idea about the coronavirus let's listen to just a little bit of James then we'll explain his idea and discuss it. Or we get to my plan none of these ideas suggest a way to move forward they don't bring back our bars and restaurants and importantly from my idea they don't bring back our sports travel or entertainment suggesting that the economic meltdown that we're seeing today while bad could get far worse because as we know real economic activity is the only way to boost an economy. So that's all the details that we needed to review is we're embracing this new normal so here's my plan it's based on combining this notion of sequestering is suggested by Dr. David cats with our love for sports and LeBron James quest for a title and so in some ways this is an open letter to LeBron the NBA the NCAA NHL NFL and all the international sports institutions here's how to get the game. And this is the last time that we're going to be able to see the game and the game is back in three to four weeks while helping the country and fill the stadiums with sharing fans and because the idea is so but simple most of you're going to get this before even say it but here we go let's look at the details this is every college campus today. This is the empty spring training facility for the Houston Astros and Washington Nationals luxurious enormous isolated and empty each university campus some nice high school campuses they're like empty isolated villages they have empty cafeterias empty gems empty dorms empty clinics and importantly they have empty beautiful state of the art arenas so what do we do. It's easy the first thing we do is we take one of these empty universities and make sure it's entirely empty for four days no people at all then we do the same thing for a team's airplane or bus four days nobody touches it because remember that's the equivalent of sterilizing both the campuses and airplanes with the best technology in the world because after four days on all surfaces the coronavirus is no longer even a virus it degrades and it's done. During this time test all players coaches and staff before they get on the plane so do it for those four days and then test them after they land again we're not talking about a massive number of tests is just the players in the NBA and their staff right now and they can afford this stuff then we quarantine them well we actually sequest them for two to three weeks on this isolated sterile campus testing every few days and we say three weeks but two weeks is cats recommended isolation strategy so two weeks is probably enough three weeks. And so while under the sequestration quarantine players and staff can stay in the dorms far from each other these are massive universities 50,000 kids tons of dorms each player might even get a floor to themselves but then after those three weeks all these healthy guys all the people who passed all the tests including of course Lebron can start to practice together again full contact no worries they're living in an escape pod from the coronavirus. And while they're all training because they're probably all out of shape of it we can start doing the same process with thousands of healthy but at risk elders those very people who if they catch the virus are going to glut up the hospitals not the worst ones right the people need care probably this week but all the people who are doing fine today let's bring them to this escape pod university campus and by the time the real game start they've trained for a few weeks these liberated at risk. And while the real game start is getting closer to the thinking of the olders combined with returning professors students and even companies that want to jump in can now all walk around the campus drinking coffee at 10 in classes doing business and enjoying themselves just like it was 2019 and they just like it was 2019 so there's James's idea as you can see where he's going there. playing other sports, you could have additional colleges playing basketball. Once you had these clean zones set up, you could take the players on a clean airplane from clean zone to clean zone. You could even travel as a person in a clean zone from clean zone to clean zone. Dan Eve, what do you think about James to Angela's impressive plan to save not only the United States, but also sports? I like it. I think that it's really cool that his dedication to just to sport has made him come up with this idea, this really, you know, he's obviously thought about a lot. He's quite intricately planned it. And we'll probably see some really other cool ideas coming out of quarantine zone from people that are just so sad about missing that thing they were passionate about. So they'll come up with some, you know, escape pod type theory as to how we can get around this as a society. It is interesting though that he, he two things I know is one of the first, the quarantine picture. Very interesting bit of a bit of the old cat and I entails as it were, but in a playful manner. But more importantly, the fact that he starts off with like, let's shift the NBA players first to make sure they're safe. And then, then we can check out the risk people. So it's not an NBA that way, at least the dying people, they can watch the NBA. So, now, I like his enthusiasm, you know, I think it's a great idea. I think that there's certain things that the different countries have done that, you know, don't sound so logical when you're looking back retrospectively, like in the UK's instance, I think that, rather than just shutting off all borders, they should find the areas where it's, it's clearly prevalent and immediately shut those down so that all the people safe from London don't spread out and go to second homes after, you know, there's loads of other kind of small things that we could have done without going crazy. But it's good to see people coming up with ideas and ways of getting society packed and all. One, as God. Still mute. Yeah, yeah, I think it's an interesting idea, you know, and I agree with Crypto Raptor, like it's really, it's a very good sign of creativity. And I'm actually, you know, he's very enthusiastic and I'm looking forward to seeing more of that. I think that there are other ideas that people might come up with going forward about how to kind of rebuild society in a sense because, you know, a great deal of businesses got, you know, devastated in this crash. And I think we're going to see more of that, you know, this supply shock has not hit yet, I think. So, but we're past the panic era, you know, we're past the panic. Peak panic has already is behind us if you look at Google Analytics and they have seen what you have found out that, positive that we have found out what cloud notifications they're pathological, these are new trades, don't know whether they should get homes or some way of improvingashore accessory, we have a lot of when razem on the internet. The social networks competition will haveไธๅฎ maybe this chart is not pasible but I assume it's a goal I see by community life and having experienced certain situations and Going Dagry did. the wall seems a little bit extreme, but I really like the, you know, the, the four day kind of cleaning idea for these, this, really stay properties, right? So, um, do you have anything that I would say is, actually, no, that's all I got. Yeah. All right. I got a little more. The, uh, the over 10 window has obviously shifted. And if you're questioning this idea or maybe just minimizing it because it's only about sports, you're not seeing the entire picture. If you really want to know the future, look at the reports coming out of China. The reports are very clear. The green light rules your future. Your ability to prove that you are clean is what gives you access to different parts of China. If you think the rest of the world's not going to be like that, if you think they're just going to let anybody into movie theaters, concert halls, NBA games, even college basketball games, college dorms, college campuses, we're going to see a whole new level of biological control because no one wants to get this virus. So I do think that an idea like this and escape pod sequestered off could be a quick way to get revenue going. Uh, just to update one, I think you actually have to live there to, to see the basketball games. So it's more like moving to college. It's more like you're an old person going back to college again. Suddenly you can walk around the dorms, you can play board games, you can go get coffee, you can go to a restaurant all within this nice clean, safe college. Well, let me just say that, you know, I do think that the there's been a lot more fear than than there is evidence that this thing is asked at least I think we used to be, we used to think, you know, yeah, okay, it's killing people, but there's been some reports on on misreported deaths. People will die of, they were already almost about to die and then the Corona thing hit and they just pushed them over the edge, that Corona, that not Corona, you know, there's, I think I think I think as more information comes to light about this pandemic, we will sort of find the, you know, the actual reality of the situation and, you know, I don't think it's as bad as it could have been, but it was clearly bad enough and society was fragile enough. So, hey, I, you know, I'm sure people will figure it out, who are very smart and creative and I just definitely the hope we don't end up like coming to China, you know, whatever, whatever, whatever we do, let's not, let's not do what they're doing, not, not quite exactly like that, let's find a different way to do it. Well, don't worry, if this virus didn't impress you, just wait for the next virus, the atom bomb was nothing compared to the hydrogen bomb, Ben from Wales, can I get you a seat on the new college campus for sports? Yeah, the funny thing about tyrannical systems is they can sneak up on you. So, you know, if you think that you don't want to live in under, you know, but tyranny like in China, then opting into this system is also opting into a tyranny who decides who decides who gets to come to the campus and gets to leave the campus, who's in control, you know, would it not be better to get all the academics who can actually do work on combating this virus and put them somewhere safe so they can continue their work like dogs who can. So, yeah, I'm not a fan of the idea. I mean, it's gimmicky and it's kind of fun and, you know, maybe the NBA have a lot of money so they can give some money, they can buy off some universities, but I think academics would go for it and I think they'd probably protest against the idea of making what are just little China's basically. And the reason containment was successful in China is the exact same reason it would be successful in the proposal is testing, just lots of lots of testing, lots of control, you know, so in China, when you left your apartment block, you had your temperature test and then when you went to the supermarket, before you walked in, it's like, check your temperature. If you had a temperature, you would go to a testing facility and then when you went to the testing facility, you would have a coronavirus test there and then it's take about half an hour, you'd have a CT scan in that, we should take a couple of minutes to stand up CT scan. You would have, they start to stick a thing up, you know, so you can they can test to see whether you've got the virus. You would sit there and you would wait until you had the all clear, when you had the all clear, you could then leave that facility and you could go home. If you didn't have the all clear, they would then take you to a monitoring station area, which we also pictures of, there were those big gymnasiums where they had all the beds laid out. And there you had the virus, both one there had the virus, they all had a coronavirus and you're just monitored to see how your condition was and if it went bad, then you would be taken to hospital and you would be treated in hospital and how a whole bunch of like, sort of, innovative ways of trying to see whether people were getting more and more sick, they do like a, they do dancing, they saw this, they were people in masks and whatever we're dancing about and that was so the people who were monitoring the sick were able to see that okay, these old people over here, they're not standing up and they're not joining in with this dancing, so they're probably feeling a bit worse for work, we can kind of keep an eye on that one, we can maybe that the people you'd have to go to a hospital and have treatment and have to have a ventilator. So that amount of control, which has worked in Wuhan for containment, I don't know where this idea is that people, some of the, I know I understand that all the data released by governments is corrupt and isn't perfect and there's numbers of fiddles for example, but the Chinese after the initial denial period were very open with their facts and figures, they built two massive hospitals, they scared people like me, they actually looked at the data and I looked at the amount of people were getting sick, I looked at this country which were building hospitals to be able to cater for all the people who were going to get sick and I realised that this was going to be quite a bad pandemic, there's a reason two billion people in quarantine and that's because it is a bad pandemic and it could cause a lot of death and a lot of suffering across the planet, I hope. In Germany there's a town in Germany which is, I think it's one of the worst hit towns and they're doing a blanket test of everybody in the town so they'll be able to figure out how many people are asymptomatic because we still have not got data for that, about what people say and then once they know that, they'll know roughly a percentage so maybe maybe 25%, maybe it's 40% of the population are asymptomatic and they have kind of isolated, explain symptoms and then maybe those mortality figures are much smaller than we thought they were, let's hope that happens but it could not happen, also we could have multiple ways of this virus, so yes we have to get used to living with this virus but I don't think that taking largely publicly funded institutions, academic institutions were specifically designed for very bright people who were able to get into that institution to be able to sit down, try and work out and solve problems like this. Now in Germany there may be a lot of resentment for universities but look at your iPhone, everything inside your iPhone was made by, was developed, all the technology was developed by universities, it was given to the free market and free market sector, they had utilised it into a mobile phone, look at the internet, that came from university, so universities are very important place for research, for academic study and for trying to work out how we can come with a vaccine and then solve this very hard problem I don't think making tiny little tyrannies, tiny little Chinese tyrannies and then string them together with airplanes makes any sense, so sort of thing is possible I think the containment issues of trying to contain, not have these university campuses being factored and then because everyone's in close proximity to all them become infected, I don't think it's logical, I don't think it's ethical and I don't think it's not going to happen so it's pointless even thinking about it and I think that you're just letting tyranny into the back door and calling it something else, you know, one of what you want to call it, NBA free market capitalism. It's almost as if the only techniques that work against fighting this virus are totalitarian, something about this virus, they all know. It's like anything though isn't it, it's like, by pointing guns at people, by beating them, by locking them all up in the house, you want to get rid of crime rates, lock them all up in the houses, you know, containment works, yes it's not a feasible long term solution, maybe it is but maybe, I mean I've noticed that yes, you know, people have been told to stay indoors and told to stay home but a lot of people just want to stay at home and they want to stay in door, they don't want to get infected, they don't want to infect the people around them, they understand that the infection rate is very high at your ability to infect people. But the economy, the economy, we don't spend, they need to spend. Oh no, it's very true and I actually believe that like the economic repercussions are going to be ginormous, I think they're going to have issues with food production, like, you know, during wars we had to have rationing but we're still able to produce food, you know, because we weren't scared of viruses like the rural communities were relatively safe places, there would be bond like the city, so still like to produce food, whereas with this virus like, I know a bunch of food producers who want producing food right now, so one thing I will say to everyone out there, if you're listening, plant some veggies, now's a good time to get some veggies down spring, if you've got a little bit of grass, you've got a little lawn or whatever, plant some veggies, because you will have rationing, we will have food shortages, and we used to have seen all these happy endings and we used to like watching pandemic films, where suddenly they come up with a cure and it's not so bad and there's like at the end of the tunnel, but they could not be, you know, like we, this could really have a marked effect on our entire species, so let's hope not, and let's hope, on all of that study coming from Germany to find out what the asymptomatic essential population is, because that's a very important study. This is a, there's a great quote that I saw in the internet is, the real virus is communism, corona is just how it spreads. Well, I mean, I would argue that that's actually coming from it's not real communism, it's the exit question. It's never been done right. Never have to need that. Tell us how it's like saying, it's like saying probably true, my free market capsis and exist is bolux. Yeah, terrible, terrible communism, dead. communism's not the same as socialism, find your time. Oh, I just want to add a mini, oh, I'm sorry, you ask me a question and then I'll fit my little bit in. Yeah, yeah. I will. Will we see televised sports with fans like 2019 before the end of the year? No, but, no, I think we will. But the other thing is that, so going back about the possible severity of this, one thing I will add is that I do think that in an age where we're seeing a lot more people with general problems, you know, anxiety, for example, which I've got myself, I've got myself, it's easier to get swept away with, you know, news articles, especially when it's being pummeled at you continuously. So I do think that there is possibly an element of, I'm the optimist, but this is actually slightly more to do with the no-cebo effect and a group kind of a group panic over, you know, enveloping people a bit, a lot of people already, you know, are worried about work and stuff like that. You've got someone who can't breathe properly, you've already got existing problems and then, you know, you add that with losing their job and all the other complications. You know, I think that it's a kind of, it could more of a whirlwind thing and I think that, you know, if you think about the fact that it's, it hit 200 countries in like no time, like a month, month and a half or so, a couple of months. I end a January, it was pretty much, I'm pretty sure it was like 197 in my end of January. But anyway, still a lot, even if it was 150, I might be wrong, so please don't, don't take me on that. The fact is it's spread to 100 and X countries, a load of countries. And if it really spreads that fast and that prevalent and stays everywhere for every time and everyone's so easily getting it, then I can't see how like more than 50% of the world haven't kind of come into contact with it, you know, it seems like if there's so many people, we've got a million confirmed, you know, how come, surely it should be wafer than that now if it spreads so easily. So I'm an optimist and I do think we will actually see sports by the end of the year. But not surfing very quickly, someone got shot for surfing today, I saw they come shot. They got shot. So yeah, I was going to, so there's two or two things I was going to I don't know what it was in what's it called? Where was it? One of the place where it's the Puerto Rico. So one of them was someone who was like on a paddle board in the middle of the ocean and the police were like, we've loads of boats around, they're like, hey, you can't do that. And he's like, what the fuck? There's no one around and they all swarmed in and then the other one was like, I think they, you know, apparently, shot fired at surfing running away. So it's all the video pretty crazy. All right, one got sports by the end of the year. Yeah, I think we'll probably get back into it at the end of this year. It was the worst case scenario next year, but I think by the end of the year things will have some degree started moving again. I guess we'll see how bad the crisis is that I just saw a tweet that kind of blew my mind. I mean, it is, you know, we really put it all together. It says, so as best as I can tell this morning, we now have dot dot a pandemic crisis, a supply chain crisis, a demand crisis, a labor market crisis, an equity market crisis, an oil price crisis, a brewing bond market crisis, a developing currency crisis, and a potential housing market crisis. And it's already been a market crisis, a housing market crisis, and that will continue. So anyway, I think, you know, we're still the economic shock has to happen. But I think by the end of the year, hopefully, we'll be, you know, over the most of the pain and we'll have better numbers on how many people are asymptomatic. You know, this thing is as parabolic as it seems to be, you know, and as fast as it seems to be, then chances are we've already had it, you know, and maybe, I don't know, maybe we have, right? I don't know. If a lot of people are asymptomatic, then maybe it's not as deadly as it seems, people can chill out a little bit, but maybe not. We'll see what happens. Ben from Wales. Always the, also, what was the next question? What's my next year? All right. No, I don't think, I think, I think we have to, I hope I'm wrong. As I said, when I was one of the first people, and I was the first people on, put one of the first people openly in Bitcoin to be really getting worried about the coronavirus, and I moved my whole family to the similar line in the Scotland, then very ironically, dot coronavirus, I think. Well, no, I, I, I, I, and it's not just me panicking, it's just me looking at those numbers, some you looking at what's happening to some of the other countries where they haven't contained it. I think, and the ability for it to have multiple ways to mutate and to do a whole bunch of things which you could very feasibly do, which we don't know. I'm not just betting ford. I think it's far, I don't know, I worry about some people who put out these denialist tweets, and then you'll have like hundreds of hundreds of likes, and then I worry that those people are then going to put themselves at risk without looking at data. So I hope the data which comes back from the study on this town in Germany is positive, and I hope more people have been asymptomatic. We also don't know how long our immunity to will last. So when you get a cold, you then, you know, a little bit later on, you get a maybe a slightly changed version of the cold virus, but also your your the reason in which you you can track day again, and it feels just as bad is because your immunity, it doesn't stay, you lose the the the the the the antibody to fight the virus. So that will happen with with coronavirus also. So we may have ways of it, you know, coming hopefully it would just be like a little cold or something, but we don't know, we just don't know. So yeah, data, make sure you keep down the data, but when it comes to sports and watching sports by the end of the adult, things particularly bad thing that people are watching, so I take sports, but because they might think about other things which are more important, but I I know I don't think we're going anywhere, I think we need to get used to the fact that we live in our own little family pods at the moment, and just look after the people around you and just prepare for the prepare for the worst and then hope for the best. Ben's right, no sports till the vaccine, no sports till the vaccine at least a year, a year and a half. Now is the time to start wondering about the food supply. If we stay oh, I would like to eat us. Sorry, I would like to say as well, although spectator sports are now out the window, Bitcoin conferences have been very quick and easy, quick to adapt. And this weekend we've got the Lightning Hack Day, which was mostly happening in Barcelona, as we're looking forward to going to Barcelona taking the family and the holiday, but now we're going to be doing it on the you know, so the internet, there's a matter most, if you go on the fullmost Twitter and go on there, you can check it out and you can join that so you know, sports aren't able to do that. So maybe all these people who are sports will start doing on one Bitcoin conferences. I'm sure they'll just switch right over. Dan Eve, are you ready with a prediction or a story of the week? I am going to go with a I'm going to go with the prediction, okay, I'm the ever the optimist as I just what in waffle it on about, you know, my optimistic, hopefully more people have had it and very quickly, I think just go back to the princess cruise, the princess cruise. Great example, I think you've got 700 something people that got it, there were 10, I think it was 10 deaths, that's a mortality rate of 1.4%, and that's in a in a high risk, you know, generally older people, high risk. Also, we didn't have a we don't have an anti-boy test, we don't know how many of the other people outside of the 700 actually got it. So we could have, they're so tight-knitted, sharing, you know, food, whatever, it could have had all 3,000 that actually had it and only 700 of them showed symptoms actually in wrong intent death. So there's all sorts of things, I'm an optimistic, so there's going to be a big new space that's verifying coming out and they're going to be like, well, it was bad and it is bad, but it's not as bad as we thought. All right, hooray for optimism. One goal prediction or a story of the week? Well, my prediction is that as long as the internet works, people will figure something out, if the internet fails, burn it all to hell. That's all we have left. If the internet fails, it's all gone. Ben from Wales, prediction, or a story of the week. Yeah, I'm a goofball because I had that when you said no, no, I had this already, but then my instant went down, my laptop died, because you know, it's just you know, the next, so it has to die periodically. So yeah, so I'm hoping to open up everything again. So my story of the week is the fact that this weekend is going to be the lightning hack day. Well, so it's not really hack day, it's a hack, couple of days, Saturday and Sunday. There's a matter most thing that we can join, it's, you know, pre-steroen whatever. That's organized by former, who's the guy who organized the group who organized the the lightning hack days in Germany, New York and the lightning conference in Berlin last year. It's a great conference. So, so yes, everybody get on that this weekend and see if you can contribute, see if you can come up with any good ideas. For we've been working on a big update for Alan Bitts, which isn't ready. So I'm probably going to have to work into the wee hours doing that. But when it's, when it is going, so hopefully tomorrow it will be ready, there's going to be five bounties available for. So Alan Bitts, I don't know if you're aware of it, see if I can get it off, I'm running and then share my screen. Alan Bitts is a like a kind of like an instant wallet, and I kind of came up with the idea from the little gizmos and stuff I make. I wanted an easy way to, like an easy API to be able to plug into and connect my gizmos to. But I also wanted this thing to be able to connect to like multiple funding sources. So like, you know, a sea lightning node or an L&D node or open node or a L&P or whatever else and just fund it with ever lining source I wanted to fund it with. And then if one of those lightning sources down you can just switch to another lightning source and it doesn't affect your downtime too much. Anyway, so we've got a big update which we're working on this evening and it should look a lot better and it should be the coat a lot cleaner. But the idea is as well that you can build extensions. So if you want to make a you know a faucet for example, there's an extension to make a faucet, if you want to make, have an instant like point yourself terminal on your phone, you can do that. If you want to organize a Bitcoin meetup event or tutorial, you can you know, issue tickets and people can pay tickets, get a code and then use that code. You can use the same system to then like register those tickets at the door. It's pretty cool. So that aid is making up is probably completely redundant now. So I'm going to try and show you how it looks now and then hope that I'm not like doxing myself. So I'm sorry, yeah, right. What am I doing? Where am I? Sure, screen. I'll do that. There we go. I just like share. Oh, yeah, I see. Share screen. Oh, cool. Right. Okay. Yeah. So this is this is Elembits now. So it has like API info on this. So basically that you can easily make like a wallet on Elembits. So I've made a wallet here that can group one back and make another one. Just call it whatever and then like boom, you've got another wallet. Okay. And like this wallet has a unique API keys and the ability to be able to like connect things to it. And this wallet has a unique API keys, for example, you can like, you know, send and receive Bitcoin as you could, you know, and there's a sort of Bitcoin lightning wallet. You can use your, if I can do this, if I can send, I suppose my camera is probably being used, but you can use your camera. This is also mobile ready. So if you run seeing any phone, it looks amazing. This isn't public at the moment. There is the old version of Elembits. It's on a bit.com, which you take a look at. But this is the newer version, which is all swanky looking and looks a bit nicer. So, so yeah, so when we, the extensions down here, you can click on extensions and then you have more, more branch extensions. You can enable these extensions. I'm not going to show you this one because it's absolutely disgusting at the moment because I'm cleaned up the code. But when we have, then there's the point of sale one, there's your faucet maker, and there's like the events thing. So the idea is that if you, because a free and open source project, if you make an extension for it, which should be relatively easy, you maybe just take a day or so. There's five bounties for 0.03 BTC. So not, you know, not some more amount of money. So there's five bounties available, 0.03. So everybody get on that most tomorrow. There's a specific sprint for Elembits. And then we'll all be chatting on there. Hopefully this will be finished. And then, yeah, we're looking forward to seeing what people come up with. I think the idea is that people will like, will pick like, I don't know, there will be five ideas, but it'll be a couple of good ideas, which I want to grease on as a good idea. And then that'll be the idea if it's made, which gets the bounty released. So, you know, you could work in groups, you could work on your own, whatever. There's a whole bunch of other sprints on the, not sprints, I know what you call them, groups on the, on the matter most for the hack day. So if you're interested in working on blitz stuff, you can work on blitz stuff. It's interesting working on, I don't know, there's a whole bunch of projects on there. You can, you can check out, I think there's actually a quickening project as well for my little point of self thing. So a group there. So you can, you can go on there and chat on there if you want. So yeah, really excited about that. Really excited to see what extensions go at the idea of Ellen Bitz was it's to kind of, you know, like that WordPress experience, like you have very sort of, if it fills small functionality and then you can like, enable a whole bunch of plugins and then you have a whole bunch of more functionality without, without all just being packed into the beginning. That's kind of how Ellen Bitz is kind of going. So really excited to see how that pans out and then see what people, what people make. So that's my, my, my story of the week. Check out the Lightning Hack Day tomorrow and Sunday Lightning Hack weekend. Do I need to not share, I think I do. How do I do that? Oh, this is where I docs myself. Is it possible? Wait, there's a thing on there. Stop sharing. I don't know. There you go. All right, we're back. All right, thanks so much Ben and check out Lightning Hack Day tomorrow. They're going to do it online. Also tomorrow we're going to do another live episode of the Thomas Hunt show Saturday. So it must be international book Saturday. So that'll be fun. We'll show some international books that I got in my travels later on in the day, although it might be earlier and I'm pretty sure everything's happening at the same time. Check out the Tatiana shows. She's doing a live stream on Facebook. We're going to have some tweets about that on Twitter at Mad Bittcoins. So just follow Mad Bittcoins for updates on that. I wanted to go ahead and show the QR code. If you'd like to donate right here, we've been doing live shows all week on the World Crypto Network. You can check that out down below. We do about two hours a day, nine o'clock in the morning to 11 a.m. Pacific time. Didn't take phone calls talking about the coronavirus. We predict through to three weeks ago that you should wear a mask. So you are getting a better information here than you might get other places. And you can call in. And Dan was there as my co-host today. We talked about our legendary trip to Malta to deliver a satellite dish for Adam back and block stream. So it's very cool. You can check out that story as well as the pictures from coinfest and from Malta shout out to coinfest. We should all be at coinfest right now in the UK. But we aren't traveling. We're all staying home. So shout out to Adam and all the other organizers of conferences who aren't doing much right now. We're not doing what we thought we'd be doing. So thanks so much. Everybody joining us in the chat. Thanks for giving us a thumbs up and a share. If it's your first time here, please subscribe down below. Hit the bell for notifications. We've got a lot of great videos and stuff coming out this week. More videos from the Lightning Conference, more videos from HCPP. Just check those out every other day or so. There's new of those. And until next time. Bye. Bye. Yay. Still live.