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. John Galt from Phone Hottle. Hello, I found the on mute button. Thank you. Thank you. Ben Arck from BTC IoT. Hello everybody. Dan Eve, the crypto raptor. Greetings, athletes. And I'm Thomas Hunt from the world crypto network moving on to issue one issue one 600 barrels of crude oil for a single Bitcoin. The price of oil this week fell below zero. An unbelievable development in the oil market as an excess of supply caused the price on the West Texas intermediate crude futures contract to go below zero. They'll pay you to take the oil. Obviously, it's extremely expensive to store a bucket of oil or even a gallon. So it's not exactly that easy to hold the oil. One, Galt, how will the crash in oil prices as well as the general coronavirus crash affect the price of Bitcoin? First of all, Thomas, let me say that I agree with everything that crypto raptor is going to say on the topic in a minute. Now, I think on a serious note, if the world is becoming stuff volatile, that oil goes negative, then maybe people will get more comfortable with Bitcoin's volatility because we've been writing this roller coaster for like, you know, what, 10 years, right? So that's good. How will oil affect the Bitcoin world? Was that the question? Yes. No, I think it's probably good. I think people are probably going to be like, well, you know what, things are definitely changing and hopefully the flight to safety means that a Bitcoin will take a piece in that in the future. That's all I got to say. Okay. That's it. That's my commentary. Go ahead. I've got three mute buttons here. Go ahead, Ben. Oh, sorry. So he said Ben, sorry, Dan. What? Who did you say? He said Ben. Next. It's like right next to the person sitting next. Sorry, sorry. We've got some new issues going on. So I agree with what I've heard of what Juan said and I agree with what Dan's probably going to say as well. But now I think it's a very good point actually that Bitcoin has been seen as this very unstable asset. But now compared to some traditional markets which are more stable, more stable, the sound looking, you know, positive Bitcoin is looking positively stable. So that's, or at least comparable. But yeah, the price of oil crashing down it, they'll pay you, but then like you say, you have to store it until oil is necessary again. It's not going to be necessary again until people are moving around, which they're not going to be doing for a little while. But the markets, you know, that they ask it. So just if you time it right, there's probably money to be made if you're into trading and you want to buy some futures in oil. That's not trading advice, but there is probably money to be made there. But no, it's, it's, it's, it's just crazy times, isn't it? But we're going to need oil as soon as everything opens up again, we'll all be back in our cars and buying plastic products. And I don't know, when we're still using oil, we're still using washing, washing powder and whatever else oil is else is in. So yeah, there was not going anywhere any time soon. This is just a case of I think I suppose kind of timing the market at the right time if trying to make a quick buck. But that's that's pretty much about it. And all I've got to say about it really. Dan Eve. Right. Now I've got to say something that's really useful, or because now there's a lot riding on it. I haven't got any gems, but I did think how much how much how much how many hashes a Bitcoin hashes. Could you how many not how long could you mind Bitcoin for with a barrel of oil? Maybe that's something worth thinking about. You could obviously you might have to refine it first. But that would be quite a cool idea to explore. Also, it's kind of cool that the NASDAQ as you're saying like the fact that the stocks are flipping all the markets are flipping oil and co flipping and they're acting like crypto the crypto markets and like NASDAQ stocks are behaving like penny stocks at the moment just flip flopping, you know, big style. So that's quite interesting to see. I didn't hear that Trump is intending to buy a load of that oil that's you know, whilst it's on the the cheap was that a that was that a thing. It sounds like I suppose kind of a logical thing to do if you're going to build up your your your your oil while it's cheap. If you've got space to put it in somewhere to put it. But you know, oil has a sell by date, doesn't it? Like it has a has a life on it. So yeah, you've got to use it by or refine it by a certain time. So it's a big responsibility taking a lot of oil. And the minimum order is a thousand barrels, I believe. That's a lot. A lot of minimum order. Yes. Refining is the problem. Crude oil is difficult to use. You can't just put it into your car. It has to be refined and there aren't enough refineries in the US or elsewhere to process all this oil, especially if we get behind. I think one of the important things to look at this oil, why did this all start? Saudi Arabia was moving against Russia and they're moving against the American shale oil market until like a week ago, America was energy independent based upon the shale oil, which is an environmental disaster. However, economically, we were energy independent. That's over. That oil was selling at $30 a barrel to break even. We're at zero now. So that's over. Russian oil is questionable at this point. Only Saudi Arabia who has created this over production onto the market may be the only one to survive and the only one that can survive such an incredible drop. It seems only six months, maybe a year ago oil was at $80 a barrel, $120 a barrel. It's also remembered this doesn't just affect oil companies, crude companies, gas companies. This also affects hybrid cars, Tesla's battery powered vehicles, environmentalism, all of that's out the window now because it's just far too expensive. Why would you ever buy a Tesla if you can get a gallon of oil for under a dollar? So moving on to the exit question, how does this affect the price of Bitcoin? Will the price of Bitcoin be higher this time next week? I think the price of it can be higher next week, at least I'm betting on it. One thing that's really interesting about this whole oil price is crashing is that the emperor has no clothes anymore. Somebody did just a quick analysis of comparing this S&P 500 to the price of gold, like doing it in the price of gold instead of dollars. And we're not at all time high-ends right now. It's all been at this fantasy economy we've been on and I think this crash of oil really shows that. Ben, he, Ben Arck. No, it's actually a very important topic because it's one of the main backbones of our entire global system is the fact that oil has some stability in oils used in so many products and so many things that we need to sort of be able to rely on oil. If you look at the successive countries and countries which have managed to gather great wealth, they've all had oil reserves, they're rich with the North Sea oil and the US with Texas and South America. It's been the exploitation of oil reserves which has given countries a lot of wealth. So our economies are very much linked with it. Yes, I think Bitcoin price is going to go up but the very fact that oil is being so volatile is probably something worth taking seriously and being a bit scared about. But yeah, no, Bitcoin is going to go up. We've got a half and going on and compared to things like oil, it looks stable and so it's somewhere secure to put your money. So yeah, it's going to go up. Dan Eve. Yeah, I think it's going to pump as Bermuda saying, I think we're going to touch on it soon. There's the harvining coming up and there's a lot of hype about it. Even if the stock to flow model doesn't work out as expected, I think there's just going to be so much hype that it's going to bring the price up. I think Google trends are going to mental at the moment as well for harvining. So I think that's quite a good sign. Actually that was that kind of indicator led the 2017 sort of I was going to say pandemic, but it kind of was actually like a crypto pandemic, wasn't it with all the weird viruses of the offshoots. But yeah, I'm saying up. I want to catch the gains and miss the losses. Just like to ask everyone to give us a thumbs up and a share. We have about 20 people watching right now about 10 people gave us a thumbs up. So just go down to the bottom of the video, click the thumbs up. I know everyone on YouTube asks you to do it. It's annoying, but this is how YouTube determines if a video is good or not. And while you're clicking thumbs up, I'm going to go ahead and ask the magic eight ball, the predictor of predictors, whether or not the price of Bitcoin will be higher next week. So higher next week. Concentrate and ask again. The ball has spoken moving on to issue two. That ball is a finicky ball. Sometimes it predicts things sometimes. Not so much. Then you told you to answer again, I'll ask it again though. Wife not right away. Oh, what kind of magic ball do you work with? Like you go to the genie and you ask again, let's move on. Issue two Bitcoin scams on the rise. Well, not really Bitcoin. It turns out it's plus token again, plus token, the scam that allegedly raised $2.59 billion with a B has been cashing out their Bitcoins and it may be weighing heavy on the market. There was some articles in coin desk at the time of the Bitcoin crash recently that believed it might just be plus token selling their billions and billions of dollars that were bringing down the price of the market. It doesn't seem like that was the thing. It was everyone in the world selling to risk off, but that still leaves us with these Bitcoin scams. Why do they keep happening? Why do they raise so much money? And why are we in the Bitcoin education business when we could be in the Bitcoin scam business? Ben Arck. So Thomas, are you telling me that the plus token is holding those Bitcoin balls back to and stopping off the Bitcoin pandemic from happening? Well, the hackers demand higher prices and that they are not willing to sell below a certain point. So already the choices of these hackers because of the amount of money or power that they control in the market is affecting things. Yes. Yeah, I mean, it's going to be interesting. Again, it means that the price needs to go higher. It's just a case of getting really bad actors and I think they have 1% of all Bitcoin sources and incredibly huge amount of Bitcoin, which they managed to net from the plus token scams. So, but I mean, there's some scams, some Bitcoin scams, I mean, that's not really a Bitcoin scam. I don't know what a Bitcoin scam would be. Would a Bitcoin scam be a virus which uses Bitcoin like the one cry virus? Because that was good for Bitcoin. And it was actually using Bitcoin because it was the best money available. So I don't really know what warrants a Bitcoin scam. I don't like scams because scams generally target the vulnerable and whoever bought this plus token crap, you know, they would have been vulnerable people who just want to get ahead. They wouldn't have been seasoned investors or rich people. And you can argue that people need to learn the lesson of losing money. Once you've learned that lesson, you don't do it again. Some of these people are sort of like the one coin scam, you know, the buy-ins of high, I think it's in plus tokens as well. It's like a minimum of how many thousands of dollars buy in. Well, yeah, no one of it is mainly traded in China. So it really does attack the vulnerable. And in a way where, you know, OK, they're in less than, but it's it'd be nicer if they just didn't, if they were told early around, if they're if the right people got to it because I think with some like Bitcoin, you know, the right people get the right information to people at the right time, then they're not going to go and lose money on scams. And they're going to see Bitcoin for what it is. And then hopefully, in fact, maybe this halving will do that because everyone's at home now, they'll learn more about Bitcoin. They're googling clearly as CryptoRaptor says. They're googling the halving and they're trying to learn about the halving. So maybe they'll they'll differentiate between the scams and the non scammy thing, which is important. So yeah, I mean, yeah, everyone's at home, they're going to be they're going to be looking those things up and hopefully going to be doing a bit of research and educating themselves. And hopefully, less of these scams will happen where vulnerable people, these money, because that sucks. No one likes that. Yeah. Another problem with these scams is that they eat up potential new Bitcoiners. People come into this market. Of course, they want to make money. They're not very knowledgeable. They're just starting off. They get into one of these scams and suddenly they hate Bitcoin and they hate the whole industry and they're mad because they lost their money. And yes, their ignorance led them to lose their money, but we need a better onboarding process where people don't get into scams. And while there are people in the audience and they're good people and they'll tell you honestly, they'll be, hey, I got into BitConnect first or hey, I got into B Cash first or hey, I, you know, I learned about this all the hard way. I invested heavily into Maxcoin or cork, right? I got some coins from the past. There are lots of these. I got a one place in my heart for Maxcoin. I don't know why. There was another one of the ones which I, when I hear Maxcoin, it gives me a little smile. I mean, it was, it was fine as long as you didn't buy it. It was like she didn't buy it at the high. But it was the first, it was the first, why quite liked? Was it like the first community coin, you know? Is that the Maxkais? Is it one? That's the one? That's where all the ideas from Dogecoin came from was feather coin. They just stole all their ideas. But no, I mean, Maxcoin was interesting because it first seemed like it was named after Max and then it was named after it was named after it's intensity because it was so strong. It had a new algorithm or whatever. But and it just, and that was, yeah, I mean, to be, to be fair as well, that was the time when people, you know, I'm dressed at all those speeches where Joey in the playground will have little Joey coin and scam all of it and lots of you can save it. But he would have ended up scamming all the other little bits and taking all that money. And then exit scam on it. Don't put the market. He never talked about it. Yeah, it was kind of the first affinity coin, right? You would buy it if you lacked Maxkaiser and later on Maxkaiser would say, I had nothing to do with that project. And so why did you talk about it? I don't know. There's a lot of those going around. Let's go to Dan Eve. Can I sell you a crypto scam? I've seen a one on recently actually came to two email addresses. And this was from they had quite nifty obviously taken my password from like, have I been pawned or whatever? And so they on two different emails, you know, sent the same template message saying, hey, have been, been, been a bit creepy, obviously. Been watching you playing with yourself and I've recorded it. And here's your password that you used to get into. I know. I was there. You left the camera running after one of these shows. But at first I was like, hmm, wait, let's set that. Now it's very concerning because if it goes to someone that's not aware of this kind of scam, then, you know, then they could freak out and actually have to go and buy Bitcoin and then try and send it. I mean, one good example actually, I'll make the own shop with a Bitcoin ATM in and every now and then he gets people in like, for example, an old granny that was trying to like stuff her notes into the machine saying that she had to pay the tax money in Bitcoin. And he couldn't convince her otherwise, you know, saying, this is a scam, you know, and she was like, no, I'm going to go to jail and he's like, no, no, no, honestly, and he had to like unplug the machine. So unfortunately, they're about everywhere. But they, I mean, one is the definition of, you know, what is a Bitcoin scam? I suppose well, it's anyone that's misused Bitcoin to for their own, you know, in fraudulent purposes. So you've got the crazy stuff like the, or other cryptocurrencies like the Ethereum scams, then you've got the general people that did an ICO just to screw people out of money or to, you know, to did a runner, for example. But the problem is what's one man's scam is another man's treasure, which actually Hex is looking like that at the moment. Somehow that's pumping. Sadly, well, not sadly, obviously, you know, people didn't lose money, but. Hex is pumping because it's only on one exchange. And there's only one person who has access to unlocked Hex, Richard, I don't know. Can I tell you my quick, you tell me my hex story? I was, I mean, I'll put my hand up and fuck fuck a lot of Bitcoin corners. I don't care what like, there's a little bit of coins. You claim the Hex. I claim my Hex. I thought, why not? Why the fuck, you know, I hadn't, you know, I hadn't ever like played on it. So I just had to get some more shit points and I had my little, um, little, like Fox thing, the plug-in for Chrome on my one, my thing, with the hex on. I know it's Barlux, but there's no harm in claiming it. Whatever. Actually the best thing to do, I figured it out, the sort of game theory wise, was to claim it, but they're not like, tell anyone that you claimed it. So, to laugh. Yeah, so I kept it there, and then this week, the new Ubuntu update came out, so I was like, oh, I'm gonna put install Ubuntu on my laptop, I just lost all my Hex, and then I started pumping, I thought, oh, here we go again, a peanut before. Okay, yes, I Hex is one that's very interesting, one that is actually pumping right now, but there was, so the other, the one last thing I was gonna say, the problem with Scams in general, is that there's misinformation everywhere, and I don't think that every, to be it personally, that everything other than Bitcoin is a scam. I think that there's genuinely, some projects out there to do good, but with the general misinformation that we have all over the shop, I can, I can't envision just ever getting out of it, unless there's literally a robot AIs that stand there, and like give people a fine, every time I like, kind of like demolition hammer, it's like John Spartan, you are fine, five tickets for a little, and every time someone like bullshit's this computer, this AI, it determines by in a binary way, whether they are lying or not, and feeds the meticquet if they're bullshitting. Otherwise, yeah, we're not gonna, but yeah, that's, that's another thing obviously altogether, misinformation, bad, scams, bad, and don't worry, they haven't got nude videos of you. Sounds like a very complicated system there, Dan. One thing I can tell you about Hex, it's the old poker adage that if you sit down at the table and you can't spot the sucker within 25 minutes, the sucker is you. Juan Galt, your thoughts on Bitcoin and crypto scams. Yeah, so in Colombia, people really love Ponzi schemes. There's, my whole life I've been here about Ponzi schemes, going up and crashing and going up and crashing, and people are caught, like they're aware that you can lose money on Ponzi, but they're still like, they're like, they kind of smell around, they kind of sniff around, like what's going on, you know, and then they play the game sometimes, right? It's like gambling for them. So, you know, it's tricky to, like, I, on one hand, I'm like, well, you know, this people are getting scammed. On the other hand, I'm not sure how many of them are entirely aware of the risks they're taking, but I think what is true is that this is a sign of miss understanding and miss education or how uneducated people are, what Bitcoin actually is, because so many people actually get him thinking, apparently, thinking that it's actually Bitcoin, that they're buying Bitcoin, and I've met many clients, consulting clients, people that have sort of taught and helped sort of get into this industry or understand the better, who think they, they, you know, they're being pitched Bitcoin, and it's really just some Ponzi, right? So, I mean, clearly, there's a lot of education to be done, and it's one of the sort of, one of the realities of this market is that it's still very generally difficult to understand, and we'll probably be plagued by these kinds of Ponzi's until that, you know, until that gets sort of resolved further. But, yeah, I mean, I don't know, I don't know what you can really do about it, because people are gonna gamble, you know, people are gonna try to do it, and hopefully they'll learn some financial skills there, some new things on how to manage their risk, and you know, what, what it is that they're buying, right? So, it's one financial literacy, yeah. That's an interesting point on the Ponzi's one. I've seen the same kind of thing, a friend of mine got into BitConnect early and sold early, and so him, it was a fine investment, and the whole collapse of everyone else, he just shrugs that off, even though in reality, he went right close to the edge of the precipice, and something like BitConnect or whatever kind of scam you wanna put in there at one coin, it's not like Apple Computer. At the end of the day, they don't actually make a computer or make a product or something, they make a scam. Like at the end of the day, it blows up and takes out everyone with it, and that's why it's unregulated, and that's why it's free, and that's why it's liberty. So, I think we should have more scams. I think we're gonna have more scams. That's always what we say when we talk about this, and like Juan was saying, yes, education doesn't pay. You can see our fundraiser right here. We've raised $860. If I push this button here, it shows you a $10 donation code for the Lightning Network. These other guys, they've raised $2.59 billion. So, we're out here, we don't have pretty pictures, we don't have clickbait headlines telling you that it's going to a million dollars or whatever tomorrow. But yeah, we're doing that, and they're doing what they're doing, and boy, what they're doing sure seems to be working out good. Let's move on to the exit. It makes you appreciate the SEC as horrible as state minister. That's right. And again, if you, I mean, I know no one's interested in history, but if you go back and study the 20s and the 30s, the reason they put in all of these controls on things is because it was the Wild West, and there was scams everywhere, and there were stock scams, and there were fake stocks, and there were pink slips, and there were all these things basically that were invented, these new forms of scam. And as someone invents a new form of scam, you get to use it a couple times, and then they make it illegal because it's destroying all the people. It's not like a normal company raises money. It's a form of fraud. They raise a thing, make a thing, and they make a nothing. And then there's nothing there, and there's nothing that they add, and there's just nothing there. All they do is scam people, it's sad. It's fraud, yeah. So exit question, Dan Eve, what's your favorite crypto scam? Could be anyone, could be for any reason? What was your favorite scam? Oh, I think it's gotta be, it's gotta be BitConnect because of the, you love it, and hey, you love it because of the fact that it was so crazy, all the memes, Carlos and his like, hey, hey, hey, hey, like just out of this world, the media frenzy it drummed up like in the real world compared to Bitcoin, because of the fact it's just a multi-level marketing, like mega scam, and you're like thinking, man, imagine if people had that much energy when they were promoting Bitcoin. Obviously, we have the insiders have that energy, but not everyone, not as much as the crazy, like the crazy BitConnectors. So yeah, I think I'm gonna have to go for BitConnect, the most crazy. Plus, the fact that probably around the end of 2017, more taxi drivers tried to shield me, like they tried to counter shield me. So I'd be like, hey, always drunk, not always drunk, but as in in a taxi, you know, always having a chat about Bitcoin. And they'd be like, yo, you've heard of Bitcoin, but have you heard of BitConnect? And I'm like, oh, no, no, no, please, please, let me, you know, and it's really sad, you really bet, you know, you try and kind of wean them out of the idea that they're gonna be rich out of it. And you know, it's a really difficult thing, especially when people have put their money into it. But yeah, I think it's definitely, yeah, but BitConnectors. That's a good point, Dan. The Carlos character has been featured on the John Oliver show. The Mad Bitcoin's character has not. Ben Eve, what's your favorite scam? Ben Eve. He. No, I mean, no. So I, well, you know, I scammed, I scammed the taxi driver once. He was, he was during those heady days of 2017. And this taxi driver was like, oh, I've got this coin and this coin and this is gonna move. And I'm just gonna huddle this and he's using all the terminology from Bitcoin, which is weird. And I was like, dude, just buy Bitcoin, just buy Bitcoin. And I got the taxi and then left. And then like Bitcoin price went, woo. So, you know, that poor sucker, you know, I scammed him. So, um, I think about that and I think about that sometimes. So I'm sorry, taxi driver, if you, if you're watching. But no, I mean, people's, people. I mean, hopefully he held on, but people's want, they want to believe that there's this thing which is going to make them know to money because people, well, the desk, a lot of them are desperate. That's why they're vulnerable. And they're, they know how much money, how much good this money could do to their lives. And they just want to believe it's going to work. And you see that playing out now live with the hex scam. And you have for it, you start saying to all these people, look, it's going to go up, it's going to pump. And then he did a tweet and it was like, you know, had the chart and he was like, oh, it's pumped up this much. It's pumped and pumped. And I was like, yeah, pump and, you know, because it is going to dump when you dump or your coins when you get it high enough, which is exactly, you know, when we, people who existed back in the sort of 26, whenever the scammy ICO ballets was going on, we're, we're, we're well versed in the chart of a pump and dump. Now, I think it helps that governments are very hazy when it comes to, I mean, not regulate whatever, there's no, there's no education. Maybe it's a good thing that people have to educate themselves, but it would be nice if there was some sort of social recognition that, you know, this thing is Bitcoin is okay, it's legitimate. We, you know, we need to acknowledge it as a, as a, as a definable thing like it's a, it's a money or it's a commodity or it's so this or it's that, which will have government still struggling to get ahead around. And then at least that clarifies that that's actually recognised by, you know, the legal apparatus as a thing. And then there's other things are a bit hazy and weird, but currently Bitcoin exists in this hazy and weird realm for people, along with all these other magical things. And they think that those other magical things might make the money. So, yeah, so I probably, probably just that, that the hex one's my most enjoy the one I, I've got to get the pleasure for just because I can, we're watching it play on real time again. Like we've already been here, but we get to watch it all over again, like people getting ripped off. So I love the hex song as well. The hex, the hex song's amazing. You know, the one where they've, they've re-mexted. Oh, I got a domain. I got a really good hex domain. I can't, I can't remember what it was, but I registered a hex domain. Oh, bugger. It's like hex.party or something or hex.dance or something. That I was like, when it came out, I was like, he's going to buy all these stuff. And it just brought around them hex domains. So I've probably hit that little heart boil up and see if I can sell it to him. Then they're also saying in the chat, you might still be able to get your hex back. It might still be in your Ethereum address. Oh, I did, I did the thing where you take a picture of the seed and then you restore it on your, on your desktop and then you do your desktop. So it's gone. Oh, again, that's why I haven't reinstalled an operating system in years. And I don't regret it at all. I've done messing around with operating systems. It always destroys things. It always loses data. Juan Gaute, what's your favorite cryptocurrency scam? I mean, I keep thinking that it's probably like the useless Ethereum token. I don't forget to remember that one, but it was like, yes, we are useless Ethereum token, buyer ICO, you know, and then they raised like $100,000. You know, there's also other Ethereum tokens that are like, this is a Ponzi scheme. And it's Ponzi coin, Ponzi token. And it was like an honest Ponzi, right? Those, those were good. It was like that. I really liked it. It was like Jesus coin or something. And it was all about the second company rise again. I don't remember the exact satire, but it was a big satire, someone written. Yeah, it's going for sure. Yeah, I mean, there's, there's been a Trump coin since before the election. And then there's like a, you know, Poon coin. There's a Hillary Clinton coin. There's like every, every major meme has a coin out there. And hey, I don't know, I'll tell you, if you buy it, you deserve it. Did you buy them? But did you ever, I remember going on theme forest, which is like a WordPress template store thing. And you could go on there and like search for ICO and then I was like, loads of these pretty belt sites you could buy, which even had all the Ethereum stuff in. So you could launch your ICO and it had like the line, like the development line. You know, this is where we're going to be here. This is where we're going to be here. And then I'd like the team area and it was just that standard ICO template, which we kept seeing again and again and again. I remember those one. I think it was Eric Lombrow. So instead of you tweet a picture and it was the team and it's all just Nicholas Cage. That pictures of Nicholas Cage. And then out in the broads, it was like, this is getting beyond the joke. It was getting pretty bad back in those days. I know a lot of people who weren't really scientifically minded, who were all editing and working on white papers. Everyone had a white paper. They were all going to solve whatever they were going to solve with this quasi scientific document, usually 200 pages, not like six like Satoshi or whatever. But yes, there's been so many, so many white papers. My favorite cryptocurrency scam is still one coin. I like one coin. The main thing I like is Christopher Rose and Jonseth. They went to one of their meetings and one coin was marketed totally different than Bitcoin. Like we were going along, talking to all of our Bitcoin people and then out of nowhere, like a wrecking ball, this one coin blows through. We hadn't even heard of it because they were using multi level of marketing. They were hiring people renting out hotel rooms, convention centers, huge buildings full of normal people who they'd all bring in and they tell them how good Bitcoin was. Then they tell them how good one coin was and they'd make them invest $10,000 minimum, $10,000 minimum, then they'd say go to all your friends, get all your friends into this. You start losing all your friends money. And at one of these meetings where DeRose and Jonseth went, they had some kind of a undercover camera and microphones and they got this guy. And he said my favorite phrase in scammy coins. And I said all the time, but I think it's funny. He said, I know it in my knower that this thing is going up. I know it in my knower. So let's move on to issue three. But first, did you know the World Crypto Network has its own audio podcast on Apple iTunes and other places where podcasts are heard, check out the World Crypto Network audio podcast today and listen to audio versions of this and other shows. Give us a thumbs up or a share or a rating with stars. Thanks. Moving on to issue three, the Bitcoin happening. It's happening again, the price, the amount of Bitcoin produced on average, every 10 minutes is going down from 12 and a half to six and a quarter. Right here at the World Crypto Network, we'll be having a Bitcoin having party just a few hours before the scheduled block. We don't know when that's going to be yet on or around May 12, 2020. So check back right here on the World Crypto Network. Be sure to subscribe so you can join us in our having party. This is our second have any party. If you'd like to check out our 2016 having party, we have the link right here. And you can check it out on the World Crypto Network YouTube. Let's see, Dan, Eve, are you ready for the Bitcoin have. I do you think it's going to be good for the Bitcoin price, good for Bitcoin adoption, Bitcoin community, all that kind of stuff. I think my body is ready for the harvining. So 17 days left. I know that I'd be used to you know, check this quite well all the time, but I think it's quite interesting to look at the hash rate because obviously we've just had, you know, a load of turbulence in supply chains and stuff with new miners meant to be out of and especially prepping up for the harvining. But what we're actually seeing right now is that the hash rate is still above 120. It's literally bang on 110 exa hashes, which is just shy of bits 123 all time high. So the miners aren't stopping any time soon. It'll be really interesting, I think, not not the leader, but for me, the most interesting thing will be how the miners react coming out the other side with the rewards halved. How many of them have been good squirrels that have stopped their nuts for the winter and how many of them will. That's a really bad, that's a terrible story, isn't it? Like two squirrels, one like is sensible saves his nuts. The other ones reckless gets pissed nuts are all over the place nuts on the table nuts everywhere. And then he still survives like surely the moral should be that poor squirrel died and the other one that was actually saving his nuts. Like the good miners survived. So yeah, the harvining bring it. I would think in the original ASOBS Fable version, they might let the grasshopper die. I'm not too sure. One, as goal, your thoughts on the Bitcoin, have it. Yeah, I think it's very exciting. I mean, from a price perspective, I, you know, what I've found in this in this industry is you buy the rumor and you sell the news. There's a lot of hype and a lot of speculation, definitely in Alcoins, but the hype with Bitcoin has been so overwhelming as far as the happening this year, more than any other happening that I've experienced and I've experienced at least one other happening. And it's just blows my mind how much attention is going into this. So that tells me that people are going to like buy it printively and then when it fails to, you know, go to parabolic, we're just going to start dumping it. And so I'm expecting like a, like a correction right after and then we will, and then this supply shock will hit and then the price will start to go up as it should. Assuming that the man is the same. We're in a different world that we're in a post corona world. So the man has changed fundamentally and whether that's changed for the better for the worse, we're yet to see the price definitely seems to be going up. So, so that's what my thoughts on the price, but as far as like the day itself and the in the 12th. I mean, I'm excited because there's a lot of events happening. There's a lot of parties that have been planned and like having celebrations, this is becoming like a kind of holiday or a sort of celebratory date for Bitcoiners, which is great. It's very good sign of the culture and of the growth of the ecosystem. And I know that there's going to be some, there's going to be probably a couple of the R events and I'm actually developing a project that's like a virtual reality club or environment that's very much Bitcoin themed and it's very trippy and interesting. And that we're going to be throwing a virtual reality party on the happening. So stay tuned for that. I'd love to show you guys a picture, but just keep an eye on my Twitter and I'll share something. Can I share a quick picture? Is that all right? Should I say that for later? We can do it at the end. We'll come back again. And Ark, your thoughts on the happening. Yeah, I think it's the timing. I mean, it just feels very profound. We got this incredible crisis, you know, which nobody could have predicted. And it's radically changed the economy and the radically changed the way people live their lives. And it's going to have an impact, you know, say before I say again that, you know, the world economic order changed in after World War II. And we shifted from, you know, the British pound to go back dollars. So it makes sense that the economic world order could change, you know, post this crisis, particularly when other currencies stability is going to be heavily affected, just by money that printing, which is huge. And the inevitable trajectory for all fear of currency is hyperinflation, which is likely to happen in this kind of crisis. So I think I think it's the timing. We know that people are going to be aware of it. They're going to be at home listening. They're going to be normal people are going to be reading about this harvining event. And so we're going to be able to see how Bitcoin and the very unstable world has this incredibly predictable moment where, you know, it's supply gets halved. And then maybe people ask questions as to why supply gets halved and what are the benefits of having a deflation recurrence, he's opposed to inflation recurrence or just store of value. So no, it is exciting. And I think it's just going to pan out like the last one did, you know, there was this idea that miners. And now, you know, they're burning hash rate. And then they're going to grab them bitcoins and then to keep their mining opera reserve some bitcoins back. And they'll use those to kind of like smooth over the actual, you know, harvining event and the fact that their income is going to be hard. But I think the reality is that the miners are making them bitcoins, securing those bitcoins. And then they're just selling them and they're getting rid of them and they're just trying to make as much money as they can now, because that's how a lot of this business works just gets much money to can now buy more minus gets much money to can now buy more minus. And post halving the supply will more or less just half there won't be this like steady. Settaproff on the amount of bitcoins going into the ecosystem. So it will be good. It may take a little while for the Bitcoin price to moon like crazy. But I just, I think I think it's just such a profound moment for the halvings happen. You know, it could have happened last year and then this Corona stuff could have just been in the middle of regular normal Bitcoin world, but it's not happening like right at this point, you know, when everyone's going to be watching and sat on their laptops. And the party's going to be great. So looking forward to that. And I really like the idea of, you know, the Bitcoin harvining becoming like an international holiday at some point one day in the in the future. So yeah, looking forward looking forward to that taking all to definitely something to Google trends. I mean, the fact that that's up as well. That's huge massive. So yeah, a lot of a lot of stuff to look forward to. It was quite something I went back and watch part of the old halving video. And just like Ben was saying, we were so excited to see it going off without a hitch that it was scheduled to happen on this date that it was going to happen on this date. Certainly we didn't have a huge crisis then. So it wasn't as much a big deal. But just the fact that something like this was scheduled four years in advance and that it came up and you know, we weren't around when it was scheduled, but we're around now. And then we're around for this next one. It's just amazing. So it is quite something to see exit question going to Dan crypto raptor. Is it the Bitcoin harvining or is it the Bitcoin having Dan Eves? The harvining is the harvining because well have there you go. So is it tomato tomorrow? Is it happening or harvining? It's got to be the harvining, you know, if you're in Bitcoin, you've got to use the lingo. You've got to use the the huddle and and all the associated words. So it's definitely harvining all the way. One galt made up word or real word, have a name or having. It's the happening. It's happening. It's happening. Yeah, that's it's happening. And Ben arc. Alvin evening, alvin evening, flipping, puddle, flopping, carving. I'll agree with the panel. I think it's the happening. There have been a lot of people supporting having it did win my poll on Twitter. And I think that the best compromise we can come up with is that the harvining is the party. It is the event. The having is the thing that's happening. So like that we're celebrating the harvining, having at our harvining party. Oh well, it's getting really complicated. There's a lot of halves. Let's go. I think we're out of issues. Oh yeah, just more things. So yeah, I hope to see everyone at the party. It's going to be right here on the world crypto network last time. We had a lot of fun. We kind of invited the audience in. So anyone that was out there, we just sent the link out. People could come in kind of tell their Bitcoin stories. Maybe just say, you know, like an anniversary message, like, you know, happy happening to Bitcoin from Germany or wherever you might live. So we're going to do that again. So I look forward to that. And I'm also going to try to email and Twitter a lot of people to try to get them to join. We might even do that while we're live, try to get just some spontaneous people. See if they'll just drop by, say hello. There's a lot of great stuff in last time's video. So be sure to check out our 2016 harvining party as well if you haven't seen it. But should do a cheesy music video called a million dreams. There we go. A million dreams. I hear about that all the time. People are like, wow, did you sing on that? I don't even remember the greatest show man on earth soundtrack. That's amazing Bitcoin birthday. Yeah. I bet you're glad I convinced you to come on. I have my own. I have my heart. I could do the whole thing. Yeah, you recorded the whole thing. The we're in molten. You were like, I was trying to sing it for my bit, little bit. And you were like recording the whole thing in the background while I was making mistakes, but you were just singing it perfectly. I just got to do the whole song. But I think we're about to predictions or story of the week. Let's go to Ben first. I know you've got an answer that we're going to go to one and then we'll go to Dan. So here you go, Ben. You're unmuted still. Hey, I'm on you and then I'm going to try and share a screen. You can hear me now. Yeah. No, so it's really exciting day to day because I launched the Alan bits versions. They're a point one. A couple of the devs primarily Eric Enneco. We've been working incredibly hard on this. And it's just kind of a rapper to add functionality to lightning sources. So an LMD or C lightning or an LMTX part or anything like that. And then I just like dust like the. We'll cook the network with like a whole playlist of videos on Alan bits. So if I if I share my screen. Can I just share the desk top that makes sense. We all see this. So yeah, here's the GitHub for Alan bits completely freeing up and source. We want people to bring themselves that will be that'll be best. And there's like a one click install on the blitz. So it's just a couple of clicks away in the blitz and it just installs you can run over tall, which is very powerful and I'll tell you that for a tell you why for a moment in a moment. There's a whole bunch of functionality. One of them is that, you know, you can easily generate a wallet and then each wallet is got its own API keys. I needed that for when I was making my ATM and I didn't want to expose all my funds to my ATM which can pull funds. So I could just have a wallet and then just limit exposure. So that's pretty useful. It's also got some other funky functionality can be an insta wallet. The installation is just a case of yes, for for for commands in terminal. As long as you've got Python installed. Once you've cloned the GitHub you see the in. There's a file you need to add your funding source to whether you're using LNT X part see lightning a see lightning LND open node LMP. I'm forgetting one as well. I want to speak into I got actually about adding blue while it's blue while it will be added to. So if you have a little look at the actual this is I mean I've got elements calm this is more of an example of what you can run. This is there we are. One of the coolest features is go dark. It's great. So it's good dark. And you can make a wallet. Login stuff like usenames and passwords that's going to be in sort of versions area point to for now you just have to bookmark this big long string. So you can just see funds. And we just launched this today so we should still be out there we are so generating voice you can see funds. And then you can export to CSP which is really useful a lot of businesses and stuff seem to want that kind of functionality you have API information. So you can like I could plug in a point of sale to this. Like one of my five stack point of sell things and I can send Bitcoin to this wallet and then export CSP so for a business owner's great. And you can easily run this is we designed it to be very lightweight so very lightweight Python flask service so run without you consuming too many resources you can run on your nod or your blitz whatever on your pie. What's really cool those are a bunch of extensions. So you can you know if you're running this yourself you can meet your own paywalls you can make your own all in your things. I've got my phone with me and I've got my phone with me so I can't I was going to charge a wallet and then put a withdraw link on that's a shame should have done that. You can yes you can you can make like and then you are with drawers. So you just enable the plug in and then you go into what you make with drawing link and then you can share that with drawing with people. There's a really cool tip point of sale plug in so if you're a business and you know you want a point of sale quickly then you know you can just make a point of sale on here and it's shareable as well. So if I just call it test and then I pick the wallet I want the money to go to your pick your currencies to say you know GPP create TPS and now if I click on this this is actually a shareable link so if I can give this to someone and they can do it and all they can do is generate invoices in fact I can press the hashtag. And there's a QR code they can get the link on their phone on your phone kind of looks like because this is kind of optimized for phone on your phone it just looks like it looks like that it looks sweet. So you can like generate an invoice. Here we are and then pay the invoice once it's paid as it's paid and that's like so you know a bar person could get on the phone and then share it with the other people or the merchant could have like multiple TPS. For different bar people I don't want to show too long what's really cool though as well is I've got a one of my sort of hair brain ideas was this idea for a new sort of decentralized marketplace called diagonal a bunch of like developers and stuff I got excited about this and they wanted to turn into a protocol. So it's pretty cool to kind of see that developing is too complicated to go to right now I don't want to take all the time so on the on the world crypto network there's a whole bunch of tutorials for all of these extensions and for a little bit in general and how to install it yourself on your own computer and attach it to all these funding sources it's free and open source project super excited about it and I'm really excited to see what plugins people make and extensions people make because we designed specifically to be see to make plugins for it's kind of like the word press. So I'm just going to add some of the types of lightning wallets you know just add functionality to it so yeah that's the end of my shelling and I wouldn't take too long say I can track I put these in the past I've sort of dragged it on a little bit too long so thanks for giving me some shelling time. Alright that's good everyone can check that out one goal prediction or story of the week go ahead. That's awesome but then I'm looking forward to seeing people play with it and see what comes from it that's really awesome. It reminds me of a wallet from back in day called rush was like a rush wallet from Bitcoin decentralized run it was like a hyperlink and just was very very fast very easy to access. I mean I'm just going to chill my my project I think the happening party is going to be the next big event that's going to come you know we're probably going to be talking about it for the next two three weeks until it happens and then probably a week afterwards. So I just want to show you guys this this picture real quick and I want to show you two pictures. One of them is going to be this one right here and this is basically some of the art that we are looking at that we're creating this virtual reality world on the art chat and these are some of the art we're we're basing the this environment on so it's going to be like a Bitcoin club a bit coincident of hangout environment the virtual reality conference base if you will. And this is sort of some of the things we're using as inspiration and then there's one more thing that I want to show you and this is a actual model of of the 3D environment that's being created. And you will this keep in mind that this is you know very early it's like an early draft but we will have a reasonably good looking environment by the 12 so here it is. You may indeed be in space here that is some kind of tree and there may be aliens involved and they're going to be kind of like you know those aliens in that Star Wars movie that are playing jazz and hanging out and. Maybe a Bitcoin flag with a treasure that's right there may be a big conflag and there may be hidden treasure somewhere so stay tuned for that come to the big one having party and that I looking forward to hanging out with all good people out there in the interwebs. Very cool sounds good Dan Eve prediction or story of the week go ahead. Well i'm going to my stories my my stuff i'm working on is not as cool as those two and I saw that I was making to spend a while back and you show me Ln bits and it's evolved a lot since then and it's looking absolutely six well done on that and the VR backgrounds one that that is not a background story the VR rooms that looks amazing like I remember. The coolest thing I had on my like the Samsung i got was headset was the was and it was the game to crap it was just an equalizer so that you put on music like I don't know like dark side of the moon and one of the backgrounds you just it was like you're floating on a on a boat through this river and there's like worlds crashing around you and and stuff and like whales swimming. So yeah I think that the VR's getting becoming epic and I think that there's going to be a huge spike in in VR being used because of the you know the realization that we don't actually need to be in an office physically. But instead of my other so i've got free very quick things i'll be really quick honestly so the first one is the who's that might my who song which i'm still chilling now. And we whether you agree with it or not just a bit just a bit fun so i'm just going to put that in the chat it's called here come the World Health Walk it's it's quite interesting i'm quite proud of it it's a cover obviously the other thing is that i've recently become like the sort of the transit fully of transitioned into the CEO and owner of raw Paul which is currently it does have a token associated with the A.A. token associated but i'll be removing that and probably going Bitcoin only in the due course but yeah reward portal dot com so just and crypto for doing surveys and stuff like that and the final thing is i've got i've got open to 20.04 on the download now so although i've been running it for all the VMs that i've been feeling within it Linux Linux. I want to see the new kernel get your kernel sweet months sexy. And my thoughts are facts. I remember a world before Ubuntu Linux. Well, I know that's very cool, Dan and when she took on a dance song also single handedly cost the w h o their funding the day after the song was a president Trump allegedly cut their funding will see if he does or not. You can check out right here on the world crypto network like Ben says we've got all these lightning bits ln bits videos teach you how to make your own lightning wallets and how to use that point of sale extension that was a really neat thing i don't know if you guys could quite see it but. You could basically run that in a browser on your phone and it would act like a point of sale, so you could accept funds, but you couldn't access the funds they would all go to the manager account. So you can have a bunch of waitresses or bartenders go table to table with their own phones but the money would go to you as the business owner so and that was really simple really fast setup also i've been working on. I don't know how interesting people will be but it's the 2016 crypto art show in San Francisco we had an art show crypto graffiti was there several other artists coin artists we've got a special interview with Dorian Satoshi Nakamoto we've got an interview with cryptography talks about his art influences a little interview with Jesse Kraken from. Jesse Powell from Kraken back to his name but i good friend Jesse and actually kind of a little historical interview there I had to put the date on the bottom it was it was a week before the Dow was launched on Ethereum so it was really interesting Jesse was like yeah i'm looking i'm interested to see what happens and we were both curious about it and obviously it was a it was a pick up in a big down and they lost all the money and they were hacked and there's all kinds of stories there but. Here's Isabelle she was one of the organizers of the San Francisco Bitcoin meetup very cool to talk to her and here's coin artist who was showing some of her puzzles these puzzles had like Bitcoin inside them so if you figured out the puzzle you could get the Bitcoin claim the reward so i'm going to be releasing that in a couple of days i've also been working on my own video projects i don't know if I can show any of this maybe if I don't show the sound but this is my new recut. Of the Baywatch movie and it's going to be great it's a lot similar to my recut of San Andreas where it's just like one rolling earthquake and here's the intro scene. Probably just lost all my ad rights but i'm the rock rocks that's what it's going to be called but i don't know where i'm going to release it they always take it down they don't seem to understand my larger longer videos there's a lot of like context there's a lot of like small cuts. For instance in this one I found myself cutting Zach Efron out of the entire movie almost entirely so that was fun and right now i'm working on bad Santa i'm working on like kind of a classical music kind of a silent film version so that's what I like to do with this whole quarantine state home nonsense. But I think we're heading towards the end of the show anything else Ben you want to say something go ahead. Yeah yeah I just want to I got my I just funded a wallet and I just put an LN URL on there so you know. Here's a here's a faucet for you lot so thousand sats every 30 seconds suck that faucet up get you while it's out get your LN URL compatible while it's out and scan it baby. Other normal people were to do they've never seen a fast if you've not if you've not used this before then by the time you try and use it someone else would have sucked all the satoshi's out but if you use like a wallet is touchy blue wallet bitcoin lightning wallet. Now most wallet actually there's a what's it called things what's things wallet and they'll they'll all use Allen you just scan it and then it just pulls out funds so yeah it's like a faucet you think so. There you are. You can have that. Last time somebody did one of those in the old confiscatable conference I ended up swiping a hundred dollars so that was faucet. Yeah it was the guy the the valet wallet guy what's his name Tony Lee maybe Tony. Well a guy and he put up a QR code on on the screen on a corn you know and just doing a in the whole showmanship thing and it's like yeah it's a hundred bucks you can claim it so I don't base and I started racing for it and I don't know how I don't know how I got it but I just swiped it so I'm going to give somebody else chance to hope this one that's very cool then. There's a there's a we've actually got just as an extra point so I now I'm bits if you run it yourself that is a plug in an extension called a milk assistant milker and if you give it now and you're all it will just keep making it. Which is actually the actual term for that by the way called us milking case and once I know that's where you milk a faucet lightning faucet with a piece of software as well but yeah there is actually extension. Like a little like you know I should be some sort of TV. For me I called assistant milker because it's that's the ass but I mean that doesn't actually what actually means so the assistant milker extension does exist if you download a run it yourself so they could market for you. Jensen's. Very cool well I think we're about to end to the head to the end of the show today so thanks again to everybody for watching thanks for giving us a thumbs up whether it's on Facebook or Twitter or YouTube or star or retweet. Or share or whatever it is it really helps the show helps us find new people and tell them about Bitcoin so thanks so much for joining us until next time. Bye bye.