The Bitcoin Group, the American original, for over the last 10 seconds, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eve, the crypto raptor. Good morning, good evening and good night and afternoon. Josh Kagala from Valtoro. Good morning, Vietnam. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one, issue one Bitcoin having will be make or break for stock to flow model stock to flow. The popular idea that if there's less Bitcoin on the market, Bitcoin will be more than valuable is coming to a test in recent months as the Bitcoin happening currently scheduled for May 9th will kick off in just a few weeks. Will the price of Bitcoin rise justifying everyone's faith in the stock to flow model or will the having be a dud influenced by coronavirus, the general economy and even the price of existing equities. Dan Eve, will stock to flow when the day? I hope so. I think it sounds logical to be honest. It doesn't follow the normal supply and demand of a lot of other industries. In fact, the block reward goes down so precise, it's literally in half. And so you've got maybe miners that have accommodated for that by kind of hedging their bets on the price of Bitcoin. There's other miners that maybe haven't managed it so badly, so then you'll see maybe a drop in ex a hash. But then there's others that have planned ahead and they've definitely, they're the good squirrels that have saved their nuts for the winter. And so if they're able to get by without dumping, you know, and dumping even less into the market, then yeah, we should see some nice, some nice gains. Plus, there's the fact that the general hype there, there's the Google trends on the massive rise. So yeah, it wouldn't surprise me if we moond just on the fact that people are going to be talking about it so much. Joshua Skogala. Yeah, I mean, for the last two times, it's been always talked about, I mean, the first one it wasn't really talked about that much. It was just like, hyped. Yeah, you know, but then the second one, there was a lot of talk about what if this is like a domino effect, the minus drop off, then this drops off, then at 51% because other coins and then and and and and and and. There was a lot of fear, but you know, this is happening in a very, very interesting time. In any other time, I would say I think it's going to do what it has done every time and that's just keep going and then it'll have a bump in prices, mine has needs to cover their costs. But this time we are in the midst of something that's probably not even every generation that's like, it's a very rare event to have a global pandemic where everyone's locked away in their homes or industries stopped. The we, you know, it's unprecedented. So we really don't know. And then I mean, we're seeing crazy stuff in the gold market too, like the separation, like the true separation of the physical and the and the paper asset. In every asset class, there's weird stuff happening because of this COVID deal. So yeah, I'll be very, very interested. Of course, us in the crypto space will all be watching this space. I think it's fascinating space. And again, folks, this is an experiment. A lot of people forget they think, oh, you know, yeah, all in with my soul, my house, my wife said, I'm like, everything and book all in. You know, this is an experiment. It's it's a very interesting, probably the most extraordinary and interesting experiment there is. But yeah, it is an experience. So just be be careful. Like Josh is saying, I remember the last having and everyone thought the price of Bitcoin was going to go up. So of course, it promptly went down then a few months after the having, it went up and up and up and up and up like crazy and everyone lost their minds. Is that going to happen this time? Everyone I know thinks the price of Bitcoin is going up with a having. Everyone is saving everyone is scrimping everyone is even with the crisis. Let's not spend a single coin. So based upon what happened last time, if we get to the having across the finish line and all these savers have been saving, it could crash on them, making them save a few more months before the promised line. So it's not a guarantee that the having will double the price of Bitcoin, but it is a necessity for the miners. The miners need the price of Bitcoin to at least double so they can continue making the same amount of money they were previously making on Bitcoin. If they make less and like Dan was saying, they're not prepared for it. They haven't been saving their money. They don't have a good plan. They might have to stop mining. They might have to turn the equipment off. The hash rate could down go down. Like Josh is saying, I don't think we're going to see 51% attack this time. There's not like coin treacherously waiting in the wings or some other Shaw 256 base coin like coins on script of course, but no, I don't think we're going to see that, but it's not just a sure thing. Let's not just assume it goes up because we want it to go up. It's going to do whatever it's going to do. Let's move on to the exit question. Dan, Eve, the price of Bitcoin this time next week, higher or lower. Well, I think what what price to be on now like 7000. 7100 in that range recently. So I'm going to go higher because I think there's going to be a bit more clarity on the COVID stuff. I think there were some good signs from from other little case studies that have been going on about how many people have had it compared to, you know, a lot more people that they've had it and have got the antibodies compared to what they thought. So yeah, I think that positivity is going to feed into Bitcoin and we're going to be out of the scrapping for the last bit of, you know, atomic food. Josh, good gola higher or lower? Yeah, I feel like it's really got to do with the stock market now. I think if the stock market goes up, we'll see higher if it goes down, we'll see lower. And this is sadly because we've all been like drumming the drums of like, yeah, come on, Wall Street's going to have Bitcoin, you know, really getting them on board, which is just awful because now we're basically just following the stupid Wall Street. But yeah, I would say if the stock market goes up on a pump, on a fake ass pump, even though we have more job losses than everything, we've got a total separate, I was talking about gold separation between reality and paper and you have a total disconnection between the stock market and the share price of companies and the reality of half of, you know, I don't know what it is now, like 40% Americans out of a job, I don't know what it is. I mean, it's just, it's out of control bad people. It's not good. The economy is not in a good place. But the stock market will go up because the repo market's getting fed by the Fed or Reserve, buying up all the crap. And you know, never mind, we have the sub, mortgage, sub prime mortgage stuff. Now we've got the sub prime car loans, which no one talks about. There's massive amounts of defaulting happening in America on these car loans. Who's buying that? The Fed is. And they're pumping trillions and trillions and it's, you know, this whole check that you guys got, you're going to get another one, you're going to get another one. By the time you go to buy a milk with it, it'll be worth one of those checks. So I'm going around here, but it'll go up with the stupid stock market that's foolish here. I think you've just, you made a good point though about the fact that the unemployment is so high, people have got no money so that so actually maybe it could impact on the harvining because like no one's got a job to buy it. They're like, oh, you know, I could have been involved in the harvining, but, you know, that may actually have a negative impact, but I'm going in the short term up as well. I want to agree with the rest of the panel. I think it's going up. I've read a lot of articles about Bitcoin this week, mainly about technical analysis and it's fun to see how they always predict both sides of it. So I'd like to predict that it's up unless it goes up too much, then it'll go down and unless it goes down too much, then it'll go down. So I want to predict both ways. I want to know that. So you think I'm a genius. I've got the prognosticator of prognosticators, the seer of seers, the magic eight ball that's been specially modified to predict the price of Bitcoin. Will the price of Bitcoin be higher next week? My reply is no. My reply is no. So be sure to give us a thumbs up right now. We have 20 people watching. Be sure to give us a thumbs up. The magic eight ball has predicted the price. We'll be lower next week. There it is right here. Moving on to issue two issue two. Ethereum now matches Bitcoin on one key metric. That's right. Coin desk was breathlessly excited this week as Ethereum matched Bitcoin on one key metric. What key metric could that be? Value transfer. That's right. If you count the ether, which goes up and down like the price of Bitcoin, as well as the price of the imaginary stable coins that have been printed by imaginary companies that link up to so-called stable fiat coins, the value on the Ethereum network is now greater. Therefore Ethereum is better than Bitcoin at value transfer, at least this week. The only problem is the next day coin desk realized why the stable coins were there. The stable coins on Ethereum seems to be moving to exchanges to get ready to buy Bitcoin. Will the stable coin surge lead to a rise in the price of Bitcoin and an abandonment? Who cares if Ethereum had the most value transfer? Dan Eve. I don't know. I think stable coins do serve a bit of a purpose because as a gateway, people just want to buy and sell Bitcoin without using CFDs. They want to actually own the Bitcoin, even though it's on an exchange, but at least go through the notions of it, rather than contracts of difference or whatever. They want to buy and sell on an exchange, and it's much easier to do so if you can do it straight into a tevetype thing. Then you can take advantage of different exchanges via arbitrage. I do see a point to stable coins. I think there's some interesting gold ones coming out, actually, and they're already out. I know. I think, hopefully, this just basically is another massive Bitcoin tevbum. I do see the purpose in stable coins to be fair. I see the purpose, too, but I think they're just cash that people use to store their money on exchanges in the recent market crisis where people freaked out about the coronavirus and wanted to get out of risk. I think they saw stable coins as a way of getting out of risk, out of Ethereum, out of Bitcoin or EOS or Stellar or whatever crazy altcoin they bought. They all got into stable coins, but the only problem is I don't think they really want stable coins. As the article says, a lot of these people have no way of buying a US dollar if they want, if they could, right? They can't access the US dollar market. They're seeing these bizarre stable coins printed by, I mean, I guess if the US government is untrustworthy, imagine if a random person printed your stable coin just seems a little bizarre and unsteady, but I do believe with the second article, they're lining up on exchanges to probably buy Bitcoin and other real cryptocurrencies that go up and down because everyone likes to gamble. Josh Gagala. Yeah, I mean, you should be able to determine pretty easily if they are lining up with exchanges because it's pretty easy to see the exchange wallet addresses, Ethereum wallet addresses and determine what's going on there. But yeah, it's stable coins. I agree with whether they've got their place, especially in the fact that banks keep shutting people down as soon as they withdraw fiat, especially larger amounts, not even that large. You know, 10 grand, they'll freeze your account and then spend three months trying to get all the paperwork. And if you don't have the paperwork, then you just don't get your money. So what people do is just keep it in stable coins, which is a terrible idea because if someone uses one of these stable coins on the dark nut market and the government catches it and shuts down the dark market and says, oh, look at this currency that you're using. They will put a lot of pressure on to shut down or they could potentially shut down the entire stable coin that's behind that. There's so many reasons even if the government don't like it. The G20 already talking, European Union is talking about getting rid of all stable coins. It's really not the panacea of protection from bank freezes. In fact, it's worse because you have two count-up party at risk. You've got the bank. You've got the stable coin, people that are apparently holding the fiat in a bank account. And on top of that, you have the third risk, which is governments could do whatever they hell. If they print money, you've got the inflationary problem, which is more long term, but you've also got, they could just come and shut down the banks. The banks could freeze it or yeah, it's just a messy way to go. But it has its place, especially for short term trades and moving between arbitrage and exchange and such. Yeah. I also think the stable coins are a victim of fantastic marketing. Stable coin is just a great name for a coin. It sounds very stable, very sturdy. If it was more like unsecured, unbacked, non-government security based on government security, maybe you would start to see the various laylals, like Josh is saying, like you don't just have your money in a bank account. It's not just a bank account full of tether. It's based upon their random bank account full of money, which is supposed to match up the amount of tether, which blends well into the exit question, exit question a few weeks ago when Bitcoin bottom, they printed yet again, an enormous amount of tether allegedly taking us dollars, putting them into Bitcoin, holding the Bitcoin in the tether allegedly, maybe just printing the money. Will we look back on this later and say that the tether printing was the resultant for the Bitcoin price rise just like it was last time, Dan Eve? I think it's a bit too simple for that to be just the explanation. I think that although there are a few coincidences in terms of timing at this time, we do live in a world where you have trusted, you have to put your trust in certain third parties, whether that's a coach driver or a train driver. There are obviously breaks and controls to ensure that whatever driver it is, whether who's in charge of your debt, your money, your life, whatever, it's a surgeon, for example, largely there's good behind it. I do think that with tether, if they, at the end of the day, they're audited and if they can be audited, then you've got to put a little bit of trust in that. I know that's against the ethos of not having trusted third parties to Bitcoin, but not everyone requires that specifically for whatever their means and uses of daily activities. Trust no one, Joshua Skagala. Yeah, I mean, the thing is, even if they're audited, it's no good because those auditors can go in and say, oh, yeah, there's a $750 million in that bank account. Okay, good check. What they can't do is go to the bank and order the bank to see how liquid that bank is. Have they spent it all on CFDs or on crap that's, who knows what they've, what crap debt obligations they've bought? These banks are highly leveraged on everything. Tethers, even if tethers, 100% got the money in the bank, we don't know what the bank is doing with that crap. So it's a big mess. I wouldn't trust it as far as I can throw. At least gold, you can count it, especially if it's allocated. You cannot, the person holding it cannot replicate it and move it. They legally, they have to have full reserves. There's very different to banks. And of course, you could have been dodgy countries. So you know, I wouldn't trust gold allocated in Botswana, but places, you know, there are places like Singapore still a bit sketchy, but you know, Switzerland stuff like that. But in terms of banking, forget it. I wouldn't trust it as far as I can throw it in my car through. Look at these arms. They're pathetic. Can't throw anything. Well, just like many things with money printing, it always comes back to Tolkien and the one ring. And that's what I like so much about Bitcoin is it took the power of the one ring, the power to print the money and it took it away from man. And we could say, well, that's a Toshi guy. He set up this schedule and every four years, there's a halving and they'll be less and less Bitcoin. That seems like a good plan. I can plan based upon that. Every other money printing is based upon man. You look at Ethereum. They recently reduced the amount of a theorem that they're going to print, which helps all the people holding Ethereum, especially the people holding the pre-mind of Ethereum. So much in the same way, this tether, this ability to print the money. It's great that they say they injected all this money and that just at the bottom of Bitcoin, they had tons of tons of money for which to print tether and to buy Bitcoin. I wish I was so lucky. I wish I could print money at the bottom of Bitcoin and buy Bitcoin with it and then sell its people later assuming the price of Bitcoin goes up. We'll see how this goes, but I do think it's very likely that once again, we look back and we say, oh, the halving was great and oh, adoption was great. No, we all waved our flags and tried really hard. But in the end, those sneaky bastards printed millions and millions of dollars and basically did what the banks just did to the rest of the market. They injected capital into Bitcoin with Bitcoin needed capital right there at the bottom, right in time. It's the ultimate forgery to be able to just create a token. You're effectively forging the US dollar, which comes with a massive jail sentence, but it's kind of this obfuscation, this removal by saying, well, this equals a dollar and everyone treats it like a dollar. So you might as well forge these dollars, which is pretty much what they could do. I'm not saying they are. That's why it offended us so much as Bitcoin is when all of this started happening and we're like, oh, they're printing tether and oh, they're printing Ethereum and oh, they're printing such and such a company and such and we're like, we got into this to stop that. Well, I thought we all agreed. That was kind of the problem we were focused on stopping. But everyone else, they saw Satoshi's eloquent solution to stopping that and they said, hey, I could make a copy of that and then I could print my own Bitcoin or my own Ethereum or my own tether. So it is interesting. Once again, as a Bitcoin or as a minor, whatever you try to ignore these things, you try to put them down in a box and then this tether grows up to this monstrous thing, buying and selling large amounts of Bitcoin in the dollars, maybe even moving the whole market and the fact that you put it in a box and ignored it did nothing, which again brings us back to the ring and the Lord of the Rings and that you can't just hide at home. You can't just stay in the shire. You have to go out into the world. You have to put the ring into Mount Doom, make so that no one else can use it. Moving on to the next issue. They could have just taken the Eagles the whole way. I know if you know it, those lazy Eagles showing up at the end narrative device. Terrible. It's a Deus Examocuna. All right, moving on. Did you know the World Crypto Network has its own audio podcast? You can check out this show and other shows like it. Moving on issue three, Bitcoin search volume for Bitcoin having outflanks previous all time high. That's right. The amount of Bitcoin produced every 10 minutes is going down by half in May, just in time for my birthday again. Isn't that great? The Bitcoin block reward is going down from 12.5 blocks of Bitcoin every 10 minutes on average to six and a quarter. It's going to be an amazing event. And as we can see from the Google searches, Google and the rest of the internet is finally waking up to the Bitcoin having. Josh, you lived through the last Bitcoin having. Do you think this having will be more exciting? Will there be more parties? Will there be more attention paid? Has the mainstream finally woken up to the fact that Bitcoin is going to do this every four years for the rest of our lives on schedule no matter what happens? Not purely because of COVID. Purely because of COVID. I mean, if we were all out and about, I would have said absolutely yes. Everyone's going to have massive parties. There's going to be fireworks. There's going to be huge live stream events. But since we're all stuck at home, we're going to be behind our little Zoom windows or Jitsi or whatever we're using in just, and we're going to be piecing in the window. No one's going to hear us apart from our own little echo chamber, which is unfortunate. We can all do a clap on the doorstep for the harvining. Yeah, but not necessarily. We have a little party here. World crypto network will get everybody together. Yeah. It's hard to schedule because the having keeps moving just a little bit. And that's especially tough on schedules. But yeah, we'll definitely do an ad hoc as long as we could do it just like last time, try to invite a lot of people. I think we did a similar show for like the lightning launch or something else like that. We had the whole lightning crew on here. So yeah, it'll be a lot of fun. Dan, Eve, what do you think, Josh, is right? We're not going to be out in the street partying. There's not going to be Lamborghinis and Ferraris and fireworks unless maybe have toys. Sadly so. Yeah, I think, you know, in online, it's going to be kind of, it's going to, there's going to be a lot of hype. And as you've already said, you know, the Google trends are through the moon, even compared to, well, way more compared to 2016, having was. So I think, you know, we're going to, we are going to be excited about it. There's going to be a lot of like talk online. But the media is just swamped with COVID when we're out of lockdown. It's going to be swamped with vaccination stuff. There's going to be, you know, reintegration of society. There'll be job stuff. I just think there's, and there's all the news that everyone seems, you know, that's gone in the back burner. It's going to get brought up, you know, that happen while COVID's there. So whilst we will party on Twitter, we'll party on WCN on YouTube. Um, I don't see much party in, in the streets. Exit question as both Dan and Josh mentioned the having being slightly dampened by the COVID virus. Does that mean this is a secret chance to buy looking back on this? Will we say, wow, because of the virus, because of the economic collapse was Bitcoin and a really good buy? Or is there so much more economic collapse that we have no idea how low Bitcoin, Apple stock, even Disney could go? Josh Kagala. Man, that's a tough question. I think they could very, very likely be a huge collapse, a huge collapse further. But it seems to be that the, you know, the plunge protection patrol is out in full force. They're feeding trillion, a trillion dollars a day into the repo markets. That's, that's, it is, we're seeing a massive, massive amount of help. But the problem is, then you see other places in Europe that don't do the same, like Italy can't print no money like the Americans can because they have to rely on ECB. And so we saw the same thing with Greece and Cyprus. So we, I feel that there could be a much larger drop coming. And yeah, I don't know. It's a really tricky, really tricky situation. But to answer your question in full, absolutely. Every time there's a drop, you, that's a buying opportunity right there because you know, it's just like when you're buying stocks, when, when, when you're buying stocks right now, you look at the balance sheets of those stocks. You look at the fundamentals. Don't worry about your technical crap analysis. You look at the fundamentals of a company. You look at how, how well, how well are they doing in their balance sheet? How many, how much savings have they got if they were to keep all this stuff on? How long can they keep it on for? What sort of investment have they got? Everything else is just noise. And then you say, I think this is their way undervalued right now and you buy some of that. If you, you know, if you can cover food and rent. But with Bitcoin, it's the same thing. Fundamentally, how good is the value proposition of this decentralized, immutable, stateless, borderless money that has a certain absolute supply? It's that, that value is very, very, very good and it's fundamental and it's there and it's a good buy. It'll be interesting to see. I was certainly waiting for earnings season, assuming that the companies would make no earnings and then looking forward to having less earnings next season. That's still happening right now on the stock market. We did see previously the stocks went all the way down to 19,000 on the Dow down from 29,000, incredible drop for that kind of a market. It recovered a little recently back up to 23,000 in that range. But I just don't know if this is the dead cat bounce or if this is the full recovery. Like Josh has said, they're printing so much money, they're pumping so much liquidity into this market that even though it seems irrational for it to go up and it for it to be done, it might be done. We might have had our overreaction already. Our crash might be there. In that case, Bitcoin could follow the equities back up. If Bitcoin really does take on with this stock to flow model as they've popularized on Twitter, Bitcoin could go up as well. But as we saw during the main crash, if everything goes down, Bitcoin will probably go down with it. It's not reasonable to expect Bitcoin to survive complete market crashes, though I've seen people on Twitter thinking that way. Moving on to the next issue, issue four, grab back. Toned Vaze had his entire YouTube channel deleted. He threatened to just trade during the day and have a nutrition channel at night to prevent that from happening. YouTube quickly gave tone back his channel. But there was a great deal of panic and fear that tone and all YouTube channels about cryptocurrency would be deleted. Currently I believe BTC sessions is having trouble with his channel as well. There are other YouTube creators that are affected by this. We hope that they will get their channels back. It is scary that they went to the trouble of removing tones videos as well. Another grab bag issue purse.io, the website where you could trade Bitcoin and buy things on Amazon with a discount is going out of business. Sorry to see this. I had the pleasure to work at purse.io a few years ago and it was a good time. Also, what about the future of Bitcoin conferences and events? As we believe we're coming out of the COVID virus, will they continue? Meanwhile, President Taylor Swift has canceled all concerts in the year 2020. How will that load for Bitcoin conferences if even Taylor Swift is not going out? Dan, Eve, grab bag, pick your own story. What would you like to talk about? I'm going to go on the conferences because that's something that's quite dear to my heart. We've already missed CoinFest blockchain. What was the blockchain nights in Malta? I'm sorry. I'm in New York. New York. New York. Obviously, yeah, there's not unchained. Not unchained. That's a later one in the year, isn't it? There's a lot of blockchain hotel. I'll block it. The reschedule of CoinFest is for November. Bitblock, boom seem to be August, September-ish. Do you think they're going to be cool? Well, I really hope so. I mean, hopefully, come on, Bitcoin is such a hip technology that we can all come up with. Something that will block us completely, like, I don't know, some sort of 51% attack of the virus. But genuinely, I think everybody in the fall, chem suits, is why not? As long as it can get you to a conference, then that's the main thing. But genuinely, I'm a bit worried about the long-term effects of people being sketchy next to each other in the street, and sort of turning their back on, you know, being really sketchy around you. That sort of thing, that social side of thing, especially the telling off of people. There's a lot of that happening. But yeah, conferences, hopefully, back this year, but I'm doing this looking good, especially with all the big events being cancelled. It's looking savage. Josh Kegala, pick your own story. Yeah, I'm really sad to see a person that I owe a drop off. It's one of these older companies, like Rotora and a bunch of them. You know, it's, and I sent out a tweet today saying, you know, it's sad that I'm kind of bit over the whole HODL meme. You know, I understand it. HODLing's good, HODL for sure. But like to constantly push, that's the only thing you should do with Bitcoin. Bitcoin should be used. This is what the Lightning Network's great for. You should try it out. In fact, you should chuck up the donation page when you get a moment there. And I send, you know, send some lightning, just show the folks what's going on here. Because it's there to be used. So here we go. Request to scan a payment request. Do a Lightning payment there, Thomas. Click on that. If you can. So it's the, it's the same QR code, I think. Oh, is it? Yeah, yeah. It's a, I don't know, DJ booth. Genius. Look at that. And yes, so it's, you know, and I really feel that people need to spend. And if they're not spending, they need to spend, if they don't want to spend, they should earn. Because earning Bitcoin means that someone else is spending Bitcoin. And if you're spending Bitcoin, then just buy it back. You know, try to move the stuff, try it because these businesses build the infrastructure for us all to use. And it does, I don't care what anyone says, it does give some sort of value yet. It doesn't give all the value for sure. But it gives value. Imagine if Bitcoin was just Bitcoin and no one accepted it, no one, no one could, you couldn't even send it to anyone. You could just hold it. It would have no value. I mean, it would really, it's a silly. So, you know, it is important that I feel it's important to, okay, here we go. I'm going to send it. Let's hang on. That says on chain. I've done this for a while with this wallet. I just loaded it up because I was using a different wallet. And I thought, okay, this one I go. Don't show people how easy Bitcoin is to use. Don't show them that. Payment exceeds your balance. Oh, really? I should have loaded more. Oh, well, Josh, you can try it again later. I'll try it again later. But, you know, this is live television. Things just go wrong. But the fact of the matter is use, use a little bit because we building companies in the space really rely on the community using it. So, like if you were to launch a community coin back in the day, like Brixton Pounds, you know, if no one used it, it would just disappear. It would just not be used. I'm not saying Bitcoin would disappear and people will take that out of content and they will yell and scream at me and say, yeah, I just should corner that one side of the, you know, velocity and money. No, I'm not saying that. I'm just saying that huddling isn't the be or an end or of a currency. It's also, you know, trying to support the businesses that are building this community up. I agree with that, Josh. And I want to second that as someone who worked at purse and tried to market purse. You don't know how many people would get mad at me for trying to ask them to spend their bitcoins to get a 10 or 20% discount at Amazon. As if I was asking them to give up their life savings. And I would explain to them, I said, hey, if you have $100, you can buy $100 and Bitcoin just for spending. You know, you can rebuy it. You can, you don't have to just have this one amount forever. And a lot of people were stuck into that and a lot of people were upset that I would ask them to spend money at purse or even asking people to donate to mad bitcoins years ago. People sent me $10 and I'm sure I cashed it out for 10 and now it's worth 100 and they're mad at me. And it's like I didn't, you know, we didn't know when it was going to go up and all those things. But that leaves me to talk about tone having his YouTube channel temporarily taken away. This is more of more of a problem lately. It's easy to kind of target tone and to say maybe he had affiliate links. Maybe he was predicting the stock market. Maybe he was providing strange advice or promoting a weird company. But no one should have their YouTube channel taken away and deleted. Thank you for the donation. That sound means donations. All right. You shouldn't have his YouTube channel taken away. That's not cool. And this isn't just happening to tone who is a large content creator who can get a lot of people to come to his support. People even made videos about him losing his channel and he lost it for, you know, all of six hours or something. But this is a lesson we all need to come together. This does keep happening. I'm on a like a telegram group of other creators. And it's disheartening to see how tone losing his channel Ivan on tech being checked. I think Tyzen was checked. A lot of other people have been checked recently and it scares them. And a lot of them are saying don't even do crypto content. Just don't even talk about Bitcoin. Don't even talk about this thing, which I think is a very negative effect. Something I don't want to see. Even though we have had a massive explosion of content creators. So certainly, you know, if there was less, maybe people would watch our show. I don't want to see that. You don't want to see them shut down. Even if they're talking about trading or whatever, bad Bitcoin has never had any trouble with the YouTube. But then I was probably always too small to be any kind of a threat. So I'm glad tone guys channel back. I hope BTC sessions gets his back. I think Adam Meister was also in trouble. But that might have been a COVID related problem. So let's go to the exit question. Which grab bag issue would you have talked about if you didn't talk about the one you talked about? Then Eve. Go ahead. I'll actually go for the YouTube for you know, for tone based. So I think that's this, you know, it's sad that people can be de platform without having. I know that obviously they retracted quickly, but without having any court form of like discussion with the person, especially when that person, you know, they're not, they're not having a history of producing content that's crazy or anything like that. And even they did, you know, at least there's a conversation to be had. Rather than just actually, you know, removing their channels. So I think it's good that they've you turned with tone. Hopefully they you turn again with BTC sessions. And yeah, and yeah, I just hope that certainly don't hope that the WC end doesn't get. Because that'll be terrible. Well, I certainly thought about that. I thought about, you know, from a security and a history perspective. Are we even safe doing this show? I mean, I do pretty benign morning type shows these days. They I read articles. I do opinion when it's opinion. It's very clearly opinion, I think. But yeah, there was a chance where I was like, maybe we should just restart over, put our channel in freeze so that it can't be destroyed. So that it can't be deleted. So it is very scary to see YouTube doing this. And then I know other creators have lost their channel. We're fortunate. We do have a backup, but we don't have a backup of everything like right now. I'm creating more work for the backup, which is also me. And we also don't have a backup site like YouTube where we can just put this out. And of course, everybody has their own decentralized YouTube that they're very happy to mention to us in the comments. But I'm just very sorry to before you, no one watches those things. So if you put up the videos on there and no one watches them, it's not that different from not having the videos on the internet. I know it's a Zen code. And we're not have to think about that. But Josh Gagala, which story would you have chosen if you didn't chose the one you choose? Yeah, conferences. That's really unfortunate with the conference thing. But I think what's beautiful about it is all this creativity. We did the Lightning Network conference. And and and we, we instead of in Barcelona, we did online. And out of that spawned a weekly show with full mode guys doing stuff where projects come on and they talk about their lightning projects and they get other developers on board. And it's getting a lot of excitement and and things are starting to move even quicker now because of that. So you know, it's great because these one off events, a one up events, they cost quite a bit of money. And now it's online, of course, it's always going to be where people want to join up, you know, part of it's drinking with buddies. So that we've all talked to online and actually meeting each other and people going on my God, Josh, you're so much taller on the screen. You know, this sort of stuff. But it's, you know, it's sad to see, but it is the, it's just what it is. You know, there's a there's a weird virus out there and we'll see what happens. I am, yeah, I think it'll resolve itself soon enough and we'll be back to drinking without online buddies. And that leaves me to talk about purse dot IO purse dot IO, the second Bitcoin startup that I worked at and the second Bitcoin startup that I worked at to go out of business. I was pretty fortunate back in the days where at BTC jam, we tried very hard to give Bitcoin loans to the community. We were hit by a lot of fraud, a lot of people applied to loans that weren't actually who they said they were and ran off with the loans, etc, etc. It just didn't really work out. Everyone tried their best. Same thing with purse dot IO, we tried to give people Bitcoin discounts for shopping at Amazon. It was kind of a complicated system. People would have to come in and buy the wish list for someone else. You couldn't always tell where that money was coming from. So that might have been a problem. Later on, they kind of started becoming a Bitcoin development house instead of focusing on retail, kind of allowing fold to pass them in retail. There was possibly questionable B cash decisions. I don't know if they were influenced, but they switched over to B cash. You have to imagine that during the scaling wars when it was very expensive to send Bitcoin, very few people were paying that expense to send their money into purse. As you have to imagine, they had a major problem there. They saw B cash as the solution. Maybe that pissed off the community. They never adopted lightning network. They would never went back that way where we saw a fold adopted lightning network early went that way, giving people the discounts similar systems. So it is sad to see Persego had a great time working there with Andrew Kent, JJ, Steven, Mackey, Aaron, Jackie, Damian, the rest of the crew. Great time at purse dot IO. We got to live in San Francisco. It was really fun. So sad to see them go doesn't help anybody not to have purse. We also want to say sad farewell to Tony Lane Casneyly, fabled co founder of coin telegraph. She was quite a character and she passed away far too young, very sad to see Tony Casney go. Josh, you also knew Tony Lane. Do you want to just say something about Tony Lane? Yeah, man, I really, I was super shocked, deeply, deeply saddened by a passing. She was absolutely bonkers. She was full of energy. She really had aspirations to, you know, change the world in ways that most wouldn't. And whether that would be possible or not with her lofty goals, it doesn't matter what mattered was that she had those goals. And when I read that, I really, I really felt, you know, very, very sad. We had a lot of great times, like here in Berlin and also abroad. And, and it's, yeah, it's just, it's a great loss to the community. Issues of an extraordinary quick thinker and also a, yeah, it's just someone that could really, you know, lighten the room when they walked in that's for sure. All right. Tony Lane, Cassily, let's see, do they have her age? She's very young. Doesn't seem to, sorry, the article doesn't have her age, but Tony Lane, Cassily, dead, 2020. Let's move on to prediction or a story of the week. Dan, Eve, are you ready with a prediction or a story of the week? My prediction is that we're going to have you, I think I went for this last week, actually. So I won't go for that. I was going to say some more good news that means that we're going to be out of COVID soon, that we've just gone into another three weeks of lockdown. So I'll steer clear of that. My other, my other prediction, okay, here's my slightly long term prediction. I do think that the net positive, the positive of this whole coronavirus thing, it, which is, you know, it's going to be good, I think, in a certain way. There's a lot of negatives, but I think that the world has realized how much of the supply chains are reliant on China. And although there's a huge number of jobs that have been lost and companies folded around the world, what we will see is a load of those manufacturing jobs and jobs moving back to the countries to backfill that reliance that was on Chinese manufacturing. So I think that should be a, that's a positive to look up on. Hopefully if it works, it's here. That's what I think. And what about your new song? Do you have any new songs to tell people about? Oh, no, yeah, there's a new song here, come the World Health Walk, which it, I actually released it, I'll say released it as a mayor, or may not have caused Donald Trump to cut their funding, timing alert. Yeah, it was two days before. And suddenly, yeah, because the, the chorus is here, come the World Health Walk by political gangsters. They said that COVID-19 airborne still funded by that. And then two days later, Donald Trump cuts funding. Now I'm not saying that if he, if you did, you could have at least retweeted it. If you, if it did make you make that decision, personally, I, you know, I'm just very quickly on this. I don't think it's, it's not the ideal time to do it. But at the end of the day, you know, their, their whole goal is to, to like prevent and reduce the impact of a pandemic and they kind of failed. So, you know, everyone's, it's hardly like every individual country now is working, you know, to, to get their own vaccine and doing all this stuff internally. There's almost no use for them at the moment. Savage. Yeah, but you can't cut their funding in the middle of a pandemic. Doesn't make any sense at all. But let's not get political. Josh, good gole from Valtoro, a story of the week or a prediction. Go ahead. My prediction is that there will be some bank failure within the next two weeks in Europe, probably it, it, you can't have the whole economy shut down and everyone defaulting on loans and not have some sort of fallout from that. The easy b's not tied in like the US that can just drill everything on. I, I get a feeling there will be some, some foreclosures and they might be smaller foreclosures. So you might have, you know, they'll, they'll like fall under the radar. But if you look at, if you look someone like Deutsche Bank, even though that's a big one, if you look at their stock price, I mean, it's, it's compared for like, for over the last, since 2008, actually, since the crisis to now, like where they were at, it's like 100 bucks. Now they're down like one buck. Like, I mean, it's, yeah, I think we're going to see some sort of crisis. I'm not actually sure what I shouldn't say the check price, because I'm not even sure. But, but I think, I think it's, I think we'll see something like that. Always positive news from Josh. And, yeah, my story of the week is mainly a programming update. Just want to describe to you guys what's going on here at World Crypto Network. This week, I made a bunch of small videos. I made small videos that are Bitcoin headlines where I read stories, small videos, Bitcoin bullish or bearish kind of my two bits, where I try to give you some opinion on those stories. And other small videos called Bitcoin price alert. So I'm going to keep making these hopefully every day. And then Dan and I are going to do the Thomas Hunt show, maybe Saturday and Sunday. Every once in a while. And eventually I'm going to look at live streaming these and maybe even shuffling them. So that's why I've broken them up into individual parts. Also, I think YouTube is also folks who is on views. So this might get us more views being transparent there. So that's about it. That's your scheduling update. I hope that other people will continue to do shows. This does kind of make it hard to see the old shows, but there are playlists and there's other great ways to keep up with the world crypto network. So thanks again to anyone who wants to send us a donation like five, 10 bucks, especially donating while the price of Bitcoin is relatively down like this. If it goes to 100,000 or 300,000 or whatever, your $5 donation could be worth more. So that'd be fun. But it's also good if you enjoy the show to give us a thumbs up and a share to subscribe down below. You'd be surprised 40% of the people who watch the world crypto network have not yet subscribed. So it's a good time to hit the subscribe button. If you've already subscribed, make sure you're still subscribed. Sometimes they unsubscribe you. Also, you can hit that bell or notifications. They have this on Twitter and Facebook. So if you want the periscope notifications, if you want the Facebook notifications, they have it on YouTube, even notification. So subscription is not enough. You have to subscribe. Then hit the bell. Then you have to like every episode. Then you have to share them all. Then you have to write blog posts about them. You have to go to war on Reddit and tell people how great they are and use lots of adjectives and angry gifts and other images. That's what you have to do if you really want to be a fan. But you don't have to do that. It's good enough that you just click that 10 bucks. Click 10 bucks. All right. Let's see. Yeah. Because I think that's all that just channel. Yeah. Well, look at this DJ with makes a hole. I haven't clicked this in a while. Look, it makes a whole thing. Oh, it's got the mad bitcoins on there. Let's see. It's got mad bitcoins. It looks like blade runner mad bitcoins from Feneep. And it has $10 donation amount there. If you just scan the code and it sends. So very cool. That's how you can work before. Because it was scanning a non chain. Oh, well, you have to you have to choose the price and then anything else in closing. You guys want to say today anything else at. No, lots of love. Lots of peace and happiness on this planet. Hopefully everyone is securing their family's wealth. Please don't gamble during this time. Take it very, very seriously. It's not, you know, you'll be sorry if you didn't hear all of this news and make some shuffle some assets around. diversify into bearer based assets. If you can. And even stock up on a little bit of food. You don't know where this is going. It looks like it's heading into the live. We might be getting out of the forest. But I think we'll get begin seeing waves. We'll see countries opening up and then shutting back down again. Opening up shutting down, opening up shutting down. And we don't know what's going to happen. We're seeing some supply chain disruptions already in Europe now. Food is far more stop getting people working. You know, a lot of the workers on farmers were people from Poland, people from other countries. They can't get that anymore. There's a just guys take it seriously by a little bit of extra food every time you buy it. Don't eat it all until you go shopping again. You have to get out of that mindset of last minute. Eat half of it. Go shopping again, leave the other half and stack. Stack the sats stack the gold stack the food. And there's a there's no reason to be the first one out the door. Just because your country or state says there's no more problem. There's no reason to run out and just live like like it used to be. You can keep stocking up. You can keep staying home. Hopefully if you have a job, you can do remotely something like that. That would be best. But if you got to go out, you got to go out. You can still wear gloves and masks, even if they say everything is fine. You can be that silly one that keeps wearing gloves and masks or stays home. And it's even good for an on. It breaks all the facial recognition cameras. Dan, anything you want to say in closing and in towards. Now I think I think smug glue would be proud with all with all of us with our masks on. I think. Well, thanks so much for joining us. We'll be back again next week with another Bitcoin group. And tomorrow around 9 a.m Pacific standard time with the Thomas Hunt show. Dan and I are going to talk about Tiger King. Maybe cover some of the best political things that happened this week. Place video clips, read some books, all the kind of things that we do on the Thomas Hunt show. Join us for that tomorrow. Josh might join us too. Sounds like. All right. Until next time. Bye. Bye.