#225 โ€” The Bitcoin Group #225 - Bitcoin & Stocks - Pentagon Plan - Bitcoin & Protests - Delete Zoom & Coinb

๐Ÿ“… 2020-06-12๐Ÿ“ 11,484 words

Sir. Now we're live apparently. Do you think Thomas? I'm refreshing YouTube. I was going to check first. I'm going to have this way to be us. But we, it says we're live on YouTube. So I don't see anything. What's the name of it? Three hours ago. Bitcoin Group. It's probably untied on the first project. Version 1.0. Oh, there it is. One person's watching. Oh, I can quality content. I know this video is unavailable. And it's private. You're going to check. Oh, unavailable and private. All right. It's going public. OK, 3, 2, 1. Going public, 3, 2, 1. And I'll public. So it should be. Would that work? I mean, yeah, I can see it. I can see it. Oh, why? We're in. It actually has video, though. Oh, there it is. One person's watching. Oh, why? Where's the link? I can tell you. You can tell it's unavailable. And it's private. You're going to check. Oh, is it still private? Unavailable and private. No, I think it's public now. It's tough to say. All right. There's three public. I'm going to do that. Someone in the chat, let's see. Does it work? There's like a two-minute delay or a one-minute delay. Crypto Raptor, you don't count. Where's the URL? It's working. If you go to here. All right. I'm not done making fun of it yet, though. What about my making fun of that time? That's a good thing. Does it work? All right. I can hear it now. All right. Everybody ready? Here we go. We're going for real this time. Three, two, one. The Bitcoin Group, the American original. For over the last 10 seconds, the sharpest Satoshi's, the best Bitcoins, the hardest crypto currency talk. We'd like to welcome our panelists and Eve, the crypto Raptor. We've muted you good. Ben Arck from BTC, IoT. Hello again. Jessica Gala from Fall Toro. Hardy hole, folks. Max San, Bitcoin trading consultant. What's that? I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Maybe. Issue one, market wrap. Stocks carnage drags Bitcoin down to 9K. The price of Bitcoin seemed to be taking off all the way past $10,000. Suddenly the stock market was down 5%, and so was Bitcoin all the way down to $9,000. Dan Eve, what's going on with the price of Bitcoin? Am I muted? No, we're OK. Oh, sweet. Yeah, now here we go. So, well, I was going to talk about the potential decoupling that everyone thought was going to happen, and it seems to definitely still be in place the fact that whenever on Panics, they're panicking in many assets. But I think at the same time, COVID's really kind of muddied the waters with the Bitcoin harvining, and how much I think that's affected the price by the fact that everyone's lost their jobs, there's loads of uncertainty, and people kind of want a position of safety. Some people are still a bit panicked. They think there's going to be a second wave of COVID, so there could be a reason to have cash and need cash for the kind of, what you call it, the impending Armageddon. But we'll see. We'll see. I think Bitcoin's definitely strengthening its hold in the world. That's for sure. Josh, good gola. No, now you're muted. Sorry. The markets are the markets. There's a global market. We're all in it. It can't decouple, neither can gold. It's all one market, and all is the butterfly effect. One thing flutters over here, and it affects the thing over there. Where Bitcoin and gold and these rare assets come into their own is after the fact. You can, during a crash, people just need liquidity. They need to get out. They need to cover other positions. They need to get into the thing that is the conduit between all the different markets. That right now is the USD for Wall Street. One day it might be Bitcoin, and then we might see a decoupling button. Until that day comes, it's after the fact Bitcoin and gold will be beautiful once the inflation hits from all the crap that they're printing. During the actual events, it's going to move like the rest of it. Ben, ARC. It's just speculation. What has Bitcoin done in the past few times we've had a dip in the market? It's gone down. People who are trading Bitcoin, which is where most of the buying and selling liquidity is, they'll bet that Bitcoin's going to go down and they'll sell and they'll put them on you into something which they think is a little bit more stable. It's just Bitcoin being pulled into the wake of the markets. I'm not entirely convinced that it's coupled and it's actually connected to the markets. We're not having the amount of money pumped into the markets, which the US economy has had pumped into it. People will be buying something like Bitcoin on the side, I suppose, but it's not having the same, the manipulation which happens in the stock market isn't happening directly to Bitcoin. It's just speculating and then Bitcoin is just holding. Obviously, if the people who are buying and selling the traders, then they're the ones who have been affected price. But I don't think it's anything to worry about. As Josh said, given time, everyone will print enough money that Bitcoin will be worth. We'll be very stable in comparison. Next, San. Yes, we have a very large money market with lots of different economies going on over the world. We have, I think, essentially, just a constant AB style testing for what works and what doesn't work. This whole crypto versus legacy is just the case of integration that happens over time. We see this as a constant testing phase of every day at the markets. It's legacy versus digital versus cash versus physical versus. And it's just a constant influx. And we see this happen. With the inflation, it's currently happening against what's available for the actual real world, just we don't have a giant problem with that. So I think Bitcoin's on a steady roll and it'll continue to be going forward. As a person who watches the news regularly, I'm always disappointed not to see the stock market move perfectly in time with the news. Yesterday, we thought it was happening. The coronavirus was coming back and the stocks were going down today. At least last time I checked stocks were up again. Virus was up again. So I have no idea what's going on with the stock market. It seems like it's decoupled from reality. And sadly, it does seem like it's dragging Bitcoin with it, which blends with the well into the exit question. Dan Eve is Bitcoin tracking with the stock market? And will it be higher or lower next week? I certainly, I'm going to go higher next week because I think that's a, I want to start positive. And I think we're going to cover a bit about it tracking the stock market. But the, I think the thing for me is that whilst all of this is going on and all, there's all the chatter about price and even I was getting excited about the hardening. And there's so much infrastructure that's being built and so many kind of cool ways to use Bitcoin, so many more businesses rolling out the ability to use it via bit like things like BTC pay server and like general bytes and the ATM. So there's just so much exciting infrastructure being built. But I don't really care about like the price that much anymore, whether it's a couple of whether it's not, I'm happy that like there's more ways to use Bitcoin. Josh Gagala. Still muted. Ha ha ha. I'm so sorry. Noob mistakes. It's peneling between 9,000 and 10,000. So it just seems to be bouncing between there as soon as it gets closer to 10,000 people liquidate. And then on top of this we have the news of the whole stock exchange collapsing. So I think it'll probably probably stay down to that 9K. I don't know, man. It goes up and down. Very precise. Ben Arck. I mean, so if you think about supply and demand, then the demand, you know, currently is for people speculators to sell Bitcoin, bring the price down because that's what they're in the stock market. But then some actual demand of Bitcoin is people using it as an opt out and to have their value in something which isn't going to be, you know, hyperinflated. So the current sort of demand for Bitcoin is this a speculative thing asset, but then the or you know, the people who are using and buying and selling it and causing the price to move up and down. That's what they're using it for. As we've just had the supply, you know, cut obviously with the harvining. And as, you know, because of the way in which the state in which our economy is in and the money printing which is happening, the demand for some way to be able to opt out and to be able to secure value is going to become higher and higher and higher. So supply heart going, you know, harvining obviously. And then demand increasing, not the speculative asset demand, the actual proper demand for Bitcoin. Bitcoin is price will go up. Max San. And now you're muted too. So Bitcoin can be essentially all things to all people. We have to think about Bitcoin being from the top of the bottom of the front that left the back to the front. So we need lightning. We need on-chain. We need all kinds of different possibilities to make all weeks of life actually use Bitcoin in the way that sits them in their world and how they facilitate it. And for that, we already see the institutions buying up Bitcoin. We see people on the streets buying up Bitcoin. And we see this whole kind of conglomerate come together as a whole to actually support the economy of Bitcoin. So in my perspective, there's only one way it can be when it's obviously a deflationary asset and it's in its essence. Now, let's find out if the price of Bitcoin is going higher or lower next week. We'll ask the only predictor of Bitcoin price, the greatest predictor, the magic eight ball of Bitcoin. Here we go. Will the price be higher this time next week? And remember last time I think it said lower and I think it was right. I think we're a little bit lower this week. And now it says outlook not so good. So it doesn't look so good that it'll be higher. So the Bitcoin price may be lower for the second week in a row. Thanks to the magic eight ball moving on to issue two. Screen share full screen all the buttons. Here we go. Issue two, the Pentagon has a plan for you. We'd always wondered if the Department of Defense and the US Army ever thought about Bitcoin and generation C. Well, it turns out that they think about us all the time. And the Department of Defense has even wargamed scenarios involving a generation Z rebellion using Bitcoin to undermine and invade the establishment. Josh Gagalla now that the Pentagon is planning for us is Bitcoin more or less of a threat to the establishment. I mean, if they haven't been planning until now, then they're a little bit behind the eight ball, pardon the pun. But honestly, I mean, of course they've been planning, they've been planning Bitcoin. Any, you know, if you talk to any early adopter, they knew very clearly how dangerous this technology was. Hence Satoshi not wanting to be a public figure because it's a dangerous, I mean, it's just obvious. It's really quite obvious. So for them just to play wargames with it now, I think it's silly. I'm sure that they've already had wargames or scenarios played out or gotten, I don't know, like Ernst and Young or one of these big companies to play it out for them and see how it can, I remember reading an article about how small countries could be attacked by Bitcoin or their economies by everyone just borrowing as much money as possible and buying it. And then just defaulting because they can't crawl back the money because you've got it as Bitcoin and you don't care about your black mark because their economies crap anyway. And you don't go on a mobile phone contract, you just buy it out right because you got Bitcoin now and this could be an attack vector. So there's all sorts of attack vectors. And of course, if they're not playing this stuff out as a Mafia that's in charge, then they're not a very good Mafia. Just like to remind everyone to hit that like button, go ahead and hit that like button now. We have about 30 people watching us and only eight people hit the like button. So let's get more than eight hitting that like button. Ben Ark, your thoughts on the Pentagon and their Bitcoin wargames. I think it clarifies that although governments act like they have no opinion on Bitcoin and they don't care about Bitcoin, actually they are deeply concerned on the way in which Bitcoin will affect their country and their economy. I quite like the fact that it's these game theoretical models, game theory, obviously using during the Cold War by people like John Nash in Rand. And then the game theory, the game theory maths which was developed at that time is the sort of stuff we use in trying to control how Bitcoin works and encourage, you know, minus to mind Bitcoin and so forth and get some sort of equilibrium. And a lot of that work is off the back of John Nash. So I quite like that connection with this new Gen Z Schizophrenia which the US have. And it's also fitting when you think of, so with the Black Lives Matter movement. And someone like Hoover who was obsessed by this concept of a Black Messiah and how out of the way he went to stop that from happening, it just shows the level and the lengths that countries in power will go to keep the status quo and keep themselves in power and working on these game theoretical models on how to combat something like Bitcoin is of course going to be important to them. But it just shows that they know what Bitcoin is, they're paying attention to it and they should fare it because that's why it's here. Max San, should the Pentagon fear Bitcoin? I think a lot of these processes of government bodies and Bitcoin generally is about integration into an existing system. And if you want to empower the people, you can't have your cake and eat it as well, you know. And the government work for the people or against the people or to control the people depends on which side of the stake you look at them. It doesn't matter what organization you are, whether you're a corporation or a government, there's enough employees in there that have enough discourse between each other even not to know what harm is doing to which person. So I guess there's probably people in there that's all for it and working right and how to make it work. And there's people in there that's like against it and can't quite work how to get rid of it. So I mean, it's typical from all agencies. I don't see that as a, we really don't know. It's like all things to all people. That's the problem. Dan Eve. What was, what was the question again? The Pentagon is planning out Bitcoin. I think it's four games. Who's going to win? Yes. Right. So I was going to talk about my, my, my little conspiracy theory. So I don't, well, I don't believe in conspiracy theories because largely they're just conspiracy theories. So if the US like knew it was going to lose a bit of the, the, the grip on the world with the dollar. And so maybe it was in, you know, invented, Bitcoin was invented by the US like CIA or something as an insurance policy so that it would eventually end up with one, you know, this ubiquitous coinage and then be like, yeah, suckers, we made it. So we've got a million in Bitcoin in the bag. And then it would make them, you know, leaders again in the, in the world currency wars. I think now that that you may, I mean, people may think that's a crazy conspiracy theory, but if you've got someone like John Nash working for you and you're playing these things out. So, and he, he broke extensively about your money. So you know there's going to be a better money, you know, that it's going to come about. And, and the, the, the, the, the best move in that game is to have some sort of stake in the, in the, in the making of that currency. So you have, you know, an amount of it set to one side in case it does overtake your currency. So I don't think it's a dumb conspiracy theory. I think it's very valid theory, you know, that, that maybe the US government did have some part in, in making Bitcoin. It's fun anyway. It's a fun theory. Yeah. Yeah. It's fun. Obviously, exit question is this CIA. It's a Toshi Nakamoto, Yoshikagala. Yes. No, maybe. We are also Toshi. No, there's the CIA's and it's a Toshi. It's just there. They, they're all most powerful organizations or they are usually just very good at, at taking advantage of the current situation and have resources to do that. So they don't, they don't need for them to invent it. They can just buy a hell of a lot up or steal it from someone that was running a, a, a marketplace for things that you could sell in the dark market. Max San, is it Toshi work for the CIA? We are all the CIA. Obviously. That's just what they want you to say, just like Spartacus, but we're all the CIA. Ben Arck, is it Toshi, government worker? I think the question is, was John Nash's eye for punk? That's what I want to know. I don't know, but he should have a beautiful mind. And I guess we'll go back to Dan, is the Toshi CIA. You're a question. Well, you know, I'm going to not contradict myself, but although that's a fun theory, I don't actually believe it. I just think that, you know, it's, it all seems to kind of point to, to how, really. I don't know. It seems like everyone else thinks that. So I'm going to go with, with how? And it's definitely not Craig Wright, who is again, now just taking claim to a load of the, I think, 80,000 Bitcoin that was stolen from MT GOC. So, wow, the things are getting really interesting on that front as well. We do have breaking news. Craig Wright is the CIA. Yes, Craig Wright is the CIA. Moving on. Did you know the World Crypto Network now has T-shirts? Check out World Crypto Network dot store where you can get your own treasors. Don't float T-shirt tired of explaining to your friends how you lost all your Bitcoin in a boating accident. Get the shortcut. Get the T-shirt. Save time. Tell your friends that treasors don't float at World Crypto Network dot store. We've also got the World Crypto Network podcast. I updated it. I tried to do it every day this week. And then you won't believe it. YouTube blocked my IP adjo for downloading too many YouTube videos. I took a long time to figure this out. None of my programs understood what was going on. But I fired up the VPN and the podcast is up to date again. That rhymes. Moving on to issue three. Everyone loves Bitcoin and everyone loves protests. We've been covering the Black Lives Matter protest for about two weeks now and waiting and waiting and waiting for someone to mention Bitcoin. And here we are in a speech directly from I'm going to guess Los Angeles. A gentleman in the speech was speaking to the crowd and he mentioned Bitcoin as a possible way out for the protesters a way to change the situation. Let's listen. You know, my kid, all this is to all the family who lost. They loved ones and I got some ideas on how we all move forward. I got three points I'd like to present to y'all. These are my macro ideas. These aren't these aren't full solutions. We're going to need people for the micro ideas to get the final details. My first solution. I want to present an alternative financial solution to everyone today. The elites of this country and globally use the financial system to oppress us. They are killing us with our own money. There is a new financial system that I want to present to you. That's open to everyone. All you need is a phone to start using it. I want everyone to please start learning about a new financial system. This system is called Bitcoin. It was created for this very perfect. The elites do not have control of the financial system anymore. With Bitcoin, they cannot turn on the printing press and give our dollars to their friends for bailing them out because they weren't being responsible. You cannot bail people out. The elites cannot bail out their friends anymore. Please learn about this system. This system is called Bitcoin. It was created for this very purpose. A great resource is a man named Andreas Antenopolis. You can look him up on YouTube. Please learn and support this system. You don't have to put all your money into it. Like my brother said earlier, you can put weekly $5. But we will no longer let the elites kill us with our own money. That is absurd. All right. It's a powerful speech stamp. Talking about Bitcoin. Let's go to Dan Eave. What do you think about Bitcoin and the protesters? I think it's great. This is absolutely incredible. The people are realizing the current financial system and the devaluation of everyone's money just isn't good. I think there was a report that for 4.5 million businesses in the US got the sort of hand-held and there's no transparency in that. Whilst all of this cash is flowing, it seems to be flowing to the upper echelons and doesn't seem to be trickling down. They always say it will. The champagne trickles down to the top from the top. The fact is that there's not enough to trickle down because they keep it all at the top. Bitcoin gives us a way to have our own financial freedom and not have to adhere to these rules where your money has been continuously deflated. You've got no say, no power. How much the money, M3 money supplies, it's just been like boom recently. It's just crazy. There is an income. Cash at the Federal Reserve. All right. Let's go to Max San, your thoughts on Bitcoin and protests. Yeah, it's a significant perspective. Generally, it comes to trying to take a perspective like that. If you take the hands out of the money out of the hands of the people who control the country, then it's anyone's game. It's about a power control structure. The idea of having a free money is the essence of having free society. You can't have one without the other, basically. In my opinion, it's very interesting that they came across with this message because obviously we're in that kind of side. From our perspective on this side of the balance, it's a very different vibe. I'm very interested to see how people can integrate a new monetary system to encourage freedom from people who don't even know essentially or from your currency or holding that they're printing and devaluing you as an individual and you're working your past. Ben Arck. I think it's no secret that I'm not the biggest fan of capitalism. However, I absolutely despise crony capitalism and neoliberal control over money. It's a true evil. That's where the neoliberals are very small collection of people have control over how money is printed and then where that money goes. It may feel like when Dan said with the trickle down economics, everyone feels like they're getting a little bit richer, but actually the divide between the hyperrich and everyone else becomes more and more. The hyperrich doubled their wealth. Everyone doubles their wealth. I have 100 pounds more. I have 100 pounds and I've got 200 pounds. There's the, you know, some with 10 billion, they now have 20 billion pounds. So, that's how that divide becomes so much bigger, so, so quicker. And I think it's less than 40 people now have more money than the bottom, poorest half of the planet. It's very lopsided that the way in which value is just distributed across the planet. And I'm not saying that I want to take people's value and then distribute it in a centralized way. I think when you have a fair free money, then it will be better distributed, that the value won't be so top heavy. Because of course the people who have the control over how money is printed are going to enrich themselves and their friends and family and whatever. And they're cland. So, no, it's all about building a new world, all these things, all these movements which are happening at the moment. So you have all this anxiety and fear and people's shoulders from quarantine, from the pandemic. And then where do you focus that energy? So if you have some horrible authoritarian figure in place, it tells you to focus that and it will tell us the populist to focus that energy. It's something like the Jews then you end up with a Holocaust. But if people rise up and say actually we're going to focus it on these important humanitarian problems, then we can we can build about a world and Black Lives Matter's one example. And then movements like this guy is saying, look, one way in which we can make this world better is to put our value into something to Bitcoin. So it's all about building a new world and like props to the dude, you know, for standing up there and actually saying, look, this is how we can impact and make a fair and better world and take that control from those the neoliberal, chronic capitalist comebacks. Josh Gagala. Yeah, I mean, for me capitalism is nothing more than people having, being able to trade freely without hurting someone else, you know, me trading with you. The thing is the king pin of good markets are the is the liquidity is the fluid that allows trade to happen in without without too much friction. And that is the money, the currency and and yeah, so this this this person bringing that in and and it's funny seeing all the people saying to Andreas in this tweet. You know, I followed you for ages, but now this is where we spark ways and it's like, dude, what is it's it's always politics, you know, it's oh, you're getting into politics now. It's like, what? No, like, you know, it's not he's not a rock star, you know, that has nothing to do with politics. I mean, he's a rock star, of course, but in fact, I'm a big fan of rock stars also saying that political view. I don't get people should say their point of view. I'm tired of people saying you should stay in your place, you know, what do you know? Because it's just stupid. Everyone should have they say you don't have to listen to it, but everyone should have they say, especially if you're on a platform. But anyway, Andreas, obviously it is money is political. It's it's it's a like I said, it's a king pin in in terms of politics when especially when money is printed by Fiat of government, then it is by definition political. So of course, we all know to end the system that it is now, we need to use a different monetary system. So it's it's good to see. But I think in terms of these demonstrations, it seems like it's kind of like occupied Wall Street where the message got so blurry, no one knew what they were demonstrating about. It was kind of just anyone with any grievance would stand up and say, this is where. And this is the answer is kind of like this sort of blurry thing now is about police violence or is it about using a new financial system? I'm all for it, use of another financial system, but I feel like I don't know, I don't know what the clear defined messages and maybe there isn't, maybe it's just people are pissed off with with racist cops. Well, I think Josh, Josh has a good point here. It's a tough time to try to insert yourself into this conversation. He does a good job kind of navigating it at the beginning, being careful about what he's doing and then going all out with the Bitcoin pitch at the end. I was really thrilled to see this. This is really I watched a lot of protests, I watched a lot of Bitcoin videos and then you see one that brings them together and it was just fantastic. And for me, it was a big example of what I've always said that people have got to speak to their own communities. All speak to the computer gigs that like Star Trek, you speak to Europe, people he speaks to his people. If everyone can talk and get people to Bitcoin before it's too late, they still have a chance to beat a lot of the banksters to this. There's a guy saying in the chat how the black community never had access to wealth and that they were ever never able to build business on top of business and you know art collection on top of art collection as the JZ song says about the Picasso and that maybe this is their chance. Maybe Bitcoin could be the 40 acres in a mule that they were promised and that maybe it could somehow help solve and write this situation. And not just for the black community or if the anti police brutality community, but for anybody who's down, Bitcoin is your chance. Hopefully, maybe can't guarantee the price and everything, but we really do think as a fair money, as an inflation free money, it could be your chance out. So it's exciting to see Bitcoin being talked about in the streets. Moving on to the exit questions, will the protests continue? Will there still be protesters in the street this time next week? Let's go. Crypto Raptor. I think so, yes, they've got that funny little commune, not commune, but the the self autonomous zone. Although I did see if it was quite amazing saying like, oh, we run out of food because all the homeless people have stolen it. So can you send like gluten free loafs and stuff? But that seems to be building quite a quite a momentum. So I wouldn't be surprised if, you know, that that kind of, you know, they really made an effort to prove that it can be an autonomous zone. And yeah, that'll be interesting to see how the government then reacts. But I think all over the world, there's definitely unrest because of police brutality everywhere. And it's obviously specifically for for black lives. And so I think it's not going to go away any time soon. That's for sure. And the only way breaking up of it might be because there's another kind of huge way of COVID and then everyone sort of locked up again and, you know, goes back to being angry on the internet instead of in the streets. We'll have to protest not on Zoom though. Not on Zoom. Yeah. And arc. Yeah, as I said, I mean, I think that this whole pandemic scenario has been, it's been state flexing, you know, it's it's power to keep people inside and power to control people. And I think it makes sense that there's a catalyst. There's something where people can manifest their energy and say, actually, we don't want for, you know, that level of control and for that control to be violent and to kill people. So it's good, man. It's a good direction of energy. And like, you know, clearly, there is going to be some of the power behind the movement is from all the frustration people have had with with with with the pandemic. But it's yeah, it's it's a bit like playing Sims. If you're playing Sims and then everyone starts rebelling and things building stock getting burnt down for anything. Oh, man, I need to kind of like fix my city and make it work better. Or else everyone's going to get pissed off and they're going to cause chaos and that's, you know, sadly, the way in which authority thinks. So we will see good coming from it. I just hope that people continue to harness that energy for good and positive things and not for negative things which has historically happened in the past and we've ended up with wars and also so far. It's scenarios. So yeah, no, it's cool, man. Good luck to him. Back. Sam. I think the protest will never generally end. It'll just come in waves. I think more more the state. I mean, like these things that happen before time and time again, they, they're encouraged to have this driving force. And then it sort of tails off. And then it's like don't forget us and I'll come back again when it's required. I mean, we've seen this time and time again with many things. It's like history doesn't repeat itself, but it does rhyme. Josh Gagala. Yeah. You know, the occupied Wall Street movement was centralized in Wall Street. And so it was kind of easy just to get and sick of this. And eventually and they just stormed in there and flashbangs and brought some bull, bull doses in and just pushed them out. And that was the end of that and winter came and so on. But this seems a lot more decentralized. It seems a lot more just every, every, every where it's every, it's even international. Which is, which is strange. I mean, I've got, I'm still sort of gathering my viewpoint on that. And it's very hard to have a viewpoint on the whole thing being a white guy privileged, white dude that's, I mean, I don't know if I'm privileged. I guess I am. But, um, Well, the South Africa. South Africa. Yeah. I mean, it's, it's, it will just keep on going. People are pissed off for many, many reasons. Like I said, it's sort of a little bit this focused, unfocused, I should say. I think there needs to be a generally with demos, you can't just be pissed off because what, what, how's that going to end? Where's their point of negotiation to get to repair something? Yeah, there has to be clear demands on society. And I think I like that the guy's was talking about Bitcoin because I'm a big fan of technology fixing problems. I think I mentioned it last show about body cams. Body cams can quite easily fix police brutality problem by streaming live all the time. If there's a person, if the camera can see a person in front of them because then when they're on the toilet, it's not streaming. And I mean, I guess they can cover it with their hand maybe, but, you know, stuff like that, just stream it to like some, some, put a blockchain on it. That's what I'm saying, guys, put a, put a goddamn blockchain on it. Well, I definitely agree with the panel. I think the protests are going to continue next week and maybe even far beyond it. At least here in the United States, it's a complete lack of leadership from the White House. He doesn't seem to understand their problems. He doesn't seem to know what they want. And there's no attempt to give them what they want or to even start having meetings. As I postulated this morning on the Thomas Hunt show, we could have meetings. We could have commissions. We could have experts coming in. They should be doing panels and reports and reporting back in each week. We could discuss the new report and we could say if we like or not, we could build towards a solution together. But that hasn't even happened. No one's even trying that. There's no panels. There's no reports. There's no discussion. There's no speeches. They're just hoping that it goes away. And I agree with Dan again, the second wave of the COVID virus might be the only thing to make people stay home because they're not scared of the police and the rubber bullets and the flashbangs. They keep coming back after that. They've ratcheted that down a little bit. We might see more peace in the future, but I don't think we're going to see an end to the protests anytime soon. Moving on to issue four, issue four corporate censorship. Zoom shuts down the accounts of activists holding Tiananmen Square and Hong Kong events, as well as Coinbase, starting to work with the IRS and DEA to provide analytics to help bust users that probably bought their Bitcoin at Coinbase anyway. What's to say about these two companies going so directly against their users? First about a week ago, Zoom announced that they would not be encrypting their unpaid calls because they preferred to, and this is amazing, but they preferred to turn their unpaid users over to the police. So if you paid Zoom, you were safe. This week, Zoom has busted into several Tiananmen Square memorials and shut them down, presumably because individuals from China were in the memorials, as well as the fact that China does not like Tiananmen Square and Hong Kong memorials. It's time to delete Zoom. It's time to uninstall Zoom and stop paying them. We're using Jitsi today and it mostly worked. And is the same thing true of Coinbase? Coinbase is now selling an analytics tool to the IRS and the DEA to help bust the very users that they've created. Coinbase, soldier, Bitcoin, now Coinbase is going to help you, help bust you for buying Bitcoin. Max San, which one is worth? Coinbase or Zoom? And why are they doing this? Well, a few different, this is a very large discussion here. First of all, somebody from Coinbase actually came on and said that the complete opposite of that article on the community board. So it's kind of hard to see what people are actually doing behind closed doors. First of all, I mean, I think I take all media with the face value. I don't trust the paper is printed on, which we know it says what for itself. And from the Zoom side of things, there's another issue regarding the actual process of you get what you pay for. But then we come up about privatizing security generally. I mean, the only thing you expect in this world is security. And you should realistically, if you want to serve yourself somebody, you should pay for it. But you have no choice when it comes back to those kind of anarchistic beliefs and freedom of choice and capital structure of who you pay to protect you at the end of the day. So can you work out a way where if you don't want to use their services, no one's fortunate to use them. And if nobody's forcing them to decide whether they want to have them as a customer, they're open about it. It's not cool. I personally, I will want to use them. But that's about a fourth thought. You want to use a service like that and expect everything for nothing then. Well, you're going to get what you know what I mean. Where do they draw the line? You're not setting up a multi-million dollar business for nothing for the good of people to use their services at the end of the day for good of their health. Josh Gagala, do you get what you paid for? Yeah, Maxis, spot on. The important thing is to be an educated consumer of products. That's the whole, that's the checks and balances that free markets have is that you should check what is in line with your moral compass. And if you feel that Zoom is spy on you or has spyware in it or you don't like that, but you don't like that they're charging too much or you don't like that. They're canceling Tiananmen Square memorials then don't use it. I mean, that's, as you can see, point right here is the right direction, Jitsi. Probably the other direction. Yeah, we're using Jitsi now instead of Zoom. And like Thomas said, it mostly works. Probably user error to begin with. But this is the way that the internet should work is free and open source. And it gets better than more people use it. The more people use it, the more people are interested in bettering it. And so, you know, I think I heard about Jitsi maybe four months ago. And it's just, I'm amazed by it and it's free to open source. I thought it was a slack clone. I don't know, I still don't know what it is. Let's go to Dan Eve. Well, I think actually, so we're using Jitsi now. And it was, you know, there was a bit of kind of configuration. But once we're over there, I heard, I think so far it's actually pretty good to use. I like it. I've actually just downloaded also the fact that it's open source, which is called the fact that, you know, if you're using free services, usually, you know, sadly, you are the data. And that's just it. You know, you're not getting something completely for free because you are, that you're giving your information to the companies can make money. But I've been moving more and more to open source stuff. And I just think it's, you know, so I've just shifted to outline for my VPN. So I use a, like a VPS, a VVPS. And then all my traffic now just goes through that. There's obviously open broadcaster, which I'm just sort of getting to fiddle around with now. But yeah, I open source software is definitely the way, the way to go. And I think the Zoom, you know, companies like that coinbase, who I think coinbase are different from a financial perspective. They're getting the pressure, you know, from, from the government saying, basically you made loads of people, millionaires, and we want to know who. But it's awful for them to, to sell people out effectively. And you're exactly right there. So I'm, you know, they sold them the Bitcoin. And now they're kind of chopping them out. But at the same time, everyone has their own obligations to pay tax. And if they didn't pay tax, then, or if they did to pay tax like their obligation, then, you know, they wouldn't have a problem if coinbase. But we rather they just didn't give them the information, obviously. Bad coinbase. Ben, ARC. Yeah, it's all quite simple. These are private companies. Why do you expect anything more from a private company? They're going to do whatever's in their financial interests. So if there's a billion people on China and Chinese mainland, who are using Zoom, and they don't want to get in trouble with China, and they're worried about Zoom being, they're China stopping people using Zoom, then that company's just going to go where the money is. It's just like that van scenario, which we talked about not long ago on the show, where vans didn't allow a design. So they had a competition for a design for a shoe, and then there was a design which was paying homage to the Hong Kong protests. And then vans then pulled that design because they don't want to piss off, you know, the place where they get their shoes money. And just as he was praising open-source software, I don't know what's happening now. It says, You did. Wow, it's got everything. I don't know. I think it's more about his internet connection. We lost Ben. All right, let's move on. On the Zoom thing, it was very interesting. At first, there was all the security problems. They claimed it was encrypted, but it wasn't really encrypted. There was some kind of a war driving thing where you could randomly get into people's chats. That sounded fun. And then there was the whole privacy thing where Zoom was watching your whole screen and that your work could watch you and that your chats weren't private. As we were mainly using Zoom just to broadcast to YouTube, which I'm not sure is still working, but I hope it is. It didn't much matter to us if it wasn't private, so that wasn't a problem, but it kept drifting and it kept drifting. And then they were going to sell out all the unencrypted non-pay users. And it didn't matter because I wasn't a non-pay user. But then they started blocking the Tiananmen Square memorials and the Hong Kong stuff. I was like, well, this isn't getting really bad. I don't know if we can support this Zoom thing anymore. So rashly, I cancel it during the show, bends back. And yeah, we'll see if the thing still worked while you're gone. That's really wondering. Yeah, no, it should continue to work on the YouTube screen now. But as I was saying, why can't you trust a private company to do anything more, but just do whatever is best for the shareholders of that company? I'm not sure I subscribed to the idea that you get what you pay for when it comes to security because we aren't in fact using a free and open source project now. So clearly that is a better option for ours. And it's a better option for most people. And you can run Jitsi on your own server for even more privacy. So I think more and more when companies act in a way, which reminds us that their private companies, and they can basically do whatever they want, whether it increases their shareholder value, then more and more people will move to free and open source solutions. And they'll understand why free and open source. And it's important. And yeah, so it's good, man. It's good that we're using the software just by using free and open source, your contributing to it. And you're opting out of something like Zoom. And that may be, if enough people use the free and open source alternative, it will encourage the proprietary options to be a little bit, yeah, to do what the users want. So this is the way in which if you do want private companies, this is the way in which you can keep them in check. And that applies, you know, with Bitcoin, that applies to just money in general. Like we can force the hand of how money works and make a better money just by opting out of fear and using Bitcoin. So no, I'm glad we're using Jitsi and I hope we keep using it. And it's so far it's performing, it's performing well. This really brings a good question. It was exciting to see all the normal people using Zoom. And I was really excited that they were getting into video conferencing. But isn't this a little like who? Why? Where you can't trust the company because it's Chinese. Is there starting to be a reason where we're going to have to say Skype is from Microsoft, Microsoft, American. So it's probably good. And whatever good is monitored by the NSA good, but monitored by the Chinese government, good, what level of good are we going to have to go out? Are we going to have to reevaluate all our software based on the company and the country that it's from? Don't, don't, don't trust a private company to be moral because a good business does whatever it does to make. It needs to do to make money and that's just good business. So that's a good business. So don't think that it's going to in some way, you know, morally be superior to another company. Max San, does it matter what country your software is from? Your software can be made anywhere. It's about the implementation. I think the cans. I think just because somebody is in a company more like a public company, depends who you're beholding to at the end of the day. Doesn't matter if you're beholding to shareholders who are not aligned with your true values. And obviously it's a problem. But if the people behind a company are aligned in the same ideals, then it's not necessarily a bad thing. I don't think it's quite so quick to judge there. Maybe you never know, but for the most part, you know, the world's not black and white. Dan Eave, international spyware. I don't know. I did read a few articles. I'm sure I'm thinking it was John McCaffey was one of the people that said that the room is about the vulnerabilities. And while I was more of, you know, there's nothing, there's no base to it. And it's more political like it's an unproven thing. And that kind of, you know, it does seem like it's a logical thing. There's a big advantage to being the people who help roll out the 5G network across different, you know, across the world. And if you supply the technology, there's a lot of number of advantages that you have. So, yeah, I can understand how that could have been a kind of political commercial decision from certain, you know, countries to kind of, you know, maybe make out that there was a bigger risk than there actually is. I don't know. But then I'm not an encrypt. And I was going to call myself an encryptographer. But that would make me sound like an idiot and definitely not a cryptographer. But yeah, so I don't know at the end of the day, I can only just, you know, read stuff. But I think 5G ultimately, I just, I'll be honest, living in the UK, with our infrastructure, I can't wait for it. I don't care if the antennas like start attacking me and like, you know, running a mock as long as I can sit there, my bloody house, and use the internet, you know, without an issue. So, yeah, bring it on 5G. Huawei, all that, whatever. And now we turn to Josh Kagala and Australian living in Germany, designing software for the UK. Yeah. Crypto-wrapped, don't be a, don't be a craptographer. That's all I'm saying. But as long as you know the craptographer. Yeah, it doesn't matter. It doesn't matter where software's built on my God. I mean, you know, some of the teams that I've met along the way, they look so, I don't, I don't, so I mean to seem racist because all lives matter and absolutely, but you know, you hear some accents and you think, this is a little bit sketchy. So, do I trust these people? But the great thing about open source, you just read it. You read the code or you get someone to read it that you trust. And hopefully with open source, you have enough people to read it that someone would raise a red flag. And that's the beauty of it. Unfortunately, it, it, it makes, there still has to be business sense. That's the problem that I think businesses deal with with open sources that someone doesn't like it. And they fork everything you've done. And then they start their own thing. And it's always a battle, you know, that, that, that battle of open source. And I think, but I think if you do fully jump in, I think it is a better way to go. And as far as who, why, I don't know if you want any foreign company controlling your communications infrastructure. I'm the same kind of thing for zoom. I mean, a lot of people unintentionally put their secrets on here. People are having family conversations. People are stuck at home because of the virus. And this has always been a problem with centralized software. Facebook, Skype, anything else. As long as it goes through a splent realized server, there's a chance for someone to capture it and watch it all. I always told the Facebook people, I was like, I know your engineers have access to all the data. And I think that's unsafe. And they eventually ended up agreeing with me and removed access from their engineers. No one has access to the data now, at least theoretically. But with Zoom, with Skype, with who, why, with all these new things. And there's all kinds of new ways to spy on people. And I think they've got teams working on it around the clock. They've got lots of smart guys doing it. But software is a lot easier to get around with that sort of thing. If you look at JITSI, you run your own JITSI server. You can use JITSI, but you can just fire up your own JITSI server and use that. And invite people to come along and make rooms and public rooms and all sorts. So it's all about people getting educated. And it's about the open source community making it easy enough because that's really what anyone cares about. That's convenient. Easy enough to just go, I need a chat program. But now I need it for 10 people and I need it to stream. And you know, this is the thing open source takes a while to catch up. I'm impressed. What I was amazed at when this pandemic thing first happened. There was a whole bunch of pictures of like, well, we have Boris. He was on the, having a conference call with all these other leaders and international leaders. And there was no one's Zoom. And they had like 20 international leaders and a prize. And there was a photo of this conversation with private conversation all going through Zoom. And I'm like, God damn man, like, have you got security services? Can one of you please just set up a private JITSI server? Like, and have some sort of encrypted communication between why are you using Zoom? I was absolutely flattered. Gasterd. So yeah. Wouldn't have been amazing if, if, if the kind of porch anything happens at Boris. And there was like, oh, just build me a zone. And then everyone carries on and then like, he takes a laptop and he's just fucking doing a massive dump. Oh, poor Boris. Definitely could happen. And it's surprising been not to see them thinking about security in a situation like this. I know I used to work for corporate lawyers and all of the information we handled was client documents. And it could not get out. And we didn't use a foreign email server. We didn't use Microsoft email or any of those things Gmail. We hosted everything locally. And none of the documents got out because we didn't allow them to. So and it takes a lot of planning and practice and security system. I'm sure a lot of military guys lost their minds seeing them joking around on Zoom. Let's move on to prediction or story of the week. Ben, Ark, are you ready with a prediction or a story of the week? Yeah, not really ready. But I mean, we the it's the hack sprint this weekend. So full mode Jeff, full mode in Berlin is holding another hack sprint. Please do get involved. There's a wiki page somewhere. I think it's like full mode.wicky or something. And there's a matter most you can join. It's nice for you know, a source board. There's loads of cool things going on. So lightning network centric stuff, but we've got a whole bunch of them. With their challenges for people to do. So one of the challenges, which I put on there yesterday, is to anyone out there who's got one of these little M5 stack things. The reason I wasn't on last week, because I was busy hacking away at this thing and turned into a little hardware wallet. So I've been working with step in a sniper of who built the road. The Arduino Bitcoin library, which makes it very easy to set up a hardware wallet on one of these things. And on ESP 32. So I've got another couple of little devices here. So I've got another little ESP 32. It's got a camera. I'm going to get that to be able to like scan QR codes and things. And this is like $15. Another one here, which is pretty cool. I want to turn into a hardware wallet. So super excited to be working with him and like, you know, like there's no reason we've put so much emphasis on people building their own nodes and having control and autonomy over running their own node software and hardware. We should have the same emphasis on people experimenting and running their own hardware wallets. Obviously, you know, they're a little bit experimental and you need to be careful with your funds and top of too much money on there. But actually, you know, a DIY hardware wallet, which isn't subjected to the supply chain attack as part of a multi-sick is actually a really good security solution. If you say if you're using a hardware wallet for, I think for most, most scenarios, you could run, you could use a treasure, you know, to secure your funds. It's great. It's a great product. But say if you were running like safe, I was running a coin base and I had funds locked up in a hardware wallet. It would be cool to have another one hardware wallet, which isn't part of the supply chain attack, which could be. As part of a multi-sick. So, super search stoked and excited to be working on that will also be. We've got some challenges for people running L and bits and the Raspberry Blitz, of course, you know, like this is a whole bunch of Raspberry Blitz development version 1.6 is coming out on map. As Dan said before, the amount of just stuff there is being built, amazing projects being built in the space at the moment is absolutely incredible. So, the actual value of the Bitcoin infrastructure is leagues beyond where it was when the price was at 20k. So, I'm sure the price will follow. But no, join the hack sprint is free for anyone to join. Don't be intimidated. You know, I'm a do-first. I don't know what I'm doing after time and ask you questions. And everyone's very forgiving. So join in. You know, just join the matter most, see where you can contribute. Have a chat to people. There'll be some live streaming where you can jump in and chat to people as well. There's like, there'll be like people with video games, which are developing where you can like. Pay and get funds through Lightning Network. So that really is the place to be if you want to have a look at some of the sort of cut in edge projects, which are being developed in the space at the moment. So no, it's really looking forward to that. And hopefully we'll be able to do like a WCN stream. As we did, the past couple of hacks, Brince, and we'll get that on here. And it'd be cool if we could probably bring in some of the audience members as well and have a little chat with them. So yeah, really looking forward to that. And then, yeah, I think that's pretty much it, to be honest. All right. Dan, Eve, prediction or a story of the week. Go ahead. So my story of the week is, I've got two. I'm going to be slightly greedy. So the first one was that we made a slight mistake with paying people that the benefit of Lightning is that Lightning is very quick. The problem is it's quicker than like, you know, your third party's auditing, whether people have submitted stuff correctly. And if they tell you that the record is fine and it's been audited and then then have a separate report. It's basically a load of people did some dodgy survey stuff, but we've all sorted. We've got some cool new stuff coming in for reward pool. And the other story, okay, so that was just my little. So go to rewardport.com, mini-shell and earn some sets or whatever, but you know, we don't sell your data, but you know, it does involve connecting social media and stuff. But the thing that is called the story of the week is actually it's more the story of can I share it? Can I share the screen? So it's more the story of this time last year. And this time last year, well, kind of within a few days. See, it's my son's birthday on in two days time and the 14th of June, which means on the 13th, which was a year ago tomorrow or something like that. And right, it's just doing a coin scrum. And I, what I basically did was he there was a load of questions that you could ask, aren't asked. And so I kept on literally like trolley with questions about like Craig Wright being the second coming of Jesus and stuff. And it was all quite funny. But I got home by the time I got home, he thought he found it quite humorous. Well, kind of. But when I finally got home, I then had to rush to the hospital and then my son was born. So, what about you? That was awesome. So that came up in my timeline and made me chuckle. So that's it. Happy birthday to Dan's little boy. All right. Let's go to Josh Gagala, story of the week or prediction. Go ahead. Yeah, happy birthday. That makes me understand it. Stop showing your screen. Oh, yeah, yeah. The day. Yeah, the lightning hack day sprints are really awesome. Get over to like like Ben was saying the matter most, which is mm.fomo.org full mo like. Lightning for lightning, I think. And yeah, check it out because I think this so much cool stuff like Ben said. It's really, really fun as well. Great community and full of open source stuff. Metamost is like an open source slack and then they use jizzi. So it's really cool. A story. I don't know. Like news is we're finally going to be releasing our affiliate program on Valtaro. So that's really exciting. We're giving away a gram of gold forever user. Means you get half a gram of the person you bring on board gets half a gram. Plus you get 20% of their trading fees. So it's pretty cool. So I'm really excited about that because I just want more volume of people trading in gold. And Bitcoin. Good old good old bull in rare numbers and rare metals working together. How do I sign up for that? What do I just go to the Valtaro website and. Yeah, the Voltau website. I mean, we're going to have a new sign up where the KYC is not at the right at the front. So that'll be really nice. I mean, the KYC, by the way, is not mandated by the government because we're trading good for a good. So there's no fear involved. The reason why we take the ID documents is because it's your gold and your name as your asset. And that's that. So we had an issue with some people dying and they're holding gold. And then there are states like, oh, this email belongs to the deceased. And it was, you know, we had to spend all this money on lawyers trying to figure out if they're the real one. Whereas it's very easy to go look, this is the photo of him. We can compare that to the photo of the. Of the person's gold that belongs to them. So. But yeah, you just go along and sign up. All right. Check it out at Valtaro.com. Max and a prediction or a story of the week. Go ahead. I'll go for a prediction, I guess. I think I think my, my, my prediction is going to be the, the ecosystem generally is going to completely ignore the DEX economy that seems to be popping up. And decentralized exchanges and stuff. My, my theory is we're going to switch from either centralized exchanges directly to nodes doing broadcasting their own offers and doing swaps. So I think we'll have this decentralized exchange stuff like the people are trying to build on. Of the. All coins generally and all this kind of these tools are not going to be used so much at all. And all liquidity is in the centralized exchanges and eventually we're going to swap out into, into nodes having some little piece of plug in software that broadcast offers and stuff when you do atomic swaps. Some are in swaps and all this kind of stuff that beautiful things that we have going on in the lightning network and. And a small contract with simplicity and stuff like that. I think I think that stuff is going to come eventually. So we're going to swap, we're going to miss out the whole like the set centralized exchange software. So that's great and glad to see someone finally pick prediction too many people just go with the easy way out don't bother predicting anything. So I just wanted to share. I don't know if I have a story or anything but a check it out you can donate Bitcoin or a lightning network here at tally coin. We're trying to raise a million dollars for the world crypto network. If you click this QR code right now, it would donate $10 with the lightning network. And you can also subscribe at patreon.com slash WCN. You could subscribe for $5 a month or $20 a month. I think most everyone has signed up for $5 a month, but that's okay. That's a good start. So thanks so much to everybody for watching us check out the lightning hack sprint. Looks like this might be the right page. It might not be but check it out this weekend lightning hack sprint. Hopefully right here on the world crypto network will have some interviews or something from the lightning guys and check out reward portal at wordal.com. You can get rewarded in satoshi on the lightning network for doing simple tasks like answering a survey or adding Facebook to your profile. So I think it is a great way to try out the lightning network. And I think that's about it. I think we're out of time. I don't know how to end this thing. I think we're going to throw over to Ben for the ending. Are you ready? Isn't it? Yeah. Yeah. So thanks everyone for watching and bye. Bye. Bye. Bye.

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