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, Ben Arck from BTC IoT. Hello. Christian Rootsle from Raspberry Blitz project and Doge Rain. Yeah, long time ago, I there. And I'm Thomas Hunt from the world crypto network, moving on to issue one. The price of Bitcoin is down 1.45% in the last 24 hours with a last of 9,169. $1 billion in Bitcoin options are expiring on Friday. That's today. What does that mean? Both options and futures, which are called derivatives, are reaching an all-time high on the CME. The largest batch of Bitcoin options are set to expire June 26th. Hey, that's today. Will this large amount of Bitcoin options expiring affect the price of Bitcoin? Or will the price of Bitcoin be affected by the decline in the American stock market? The resurgence of the coronavirus, the continuation of the protests in the street, and the fact that the stock market has already jumped up all the way to 25,000. What's going on in the price of Bitcoin now? Ben Arck. Yeah, I mean, this story is kind of one of those stories. I've been checking the Bitcoin news for the past week and there's not really that much for the past couple of weeks and it hasn't really been that much going on. It's kind of a storage people have clung onto. And there's some idea that it may shift the price, but these aren't physically settled options. It's cash settled, so there's only so much impact it can actually have on the Bitcoin price. All it really will do is kind of free up cash for investors to spend elsewhere. Maybe in the future, when we have physically delivered futures, then that will impact the price significantly. The correlation we've had with the stock market is just the people who are moving the price are the people who are trading and the people who are trading or also trading the stock market. But it doesn't mean that it's just that thin sliver of capital sitting on top of the huge bedrock of Huddlers. I think it was a report we did a couple of shows ago. It was 5% of all Bitcoin is currently floating around being traded and the rest of it's just being sat on and is locked up in long term storage. It's not something to worry about. I think it's going to move the price significantly. It's until we have physically settled futures and then maybe in that scenario, then it would possibly move the price. But for all people's complaints of Bitcoin not being stable over the past month, it's been pretty stable. We've just been bopping around it, or it's like £7,400 and then while it isn't dollars. It's fairly stable at the moment. But yeah, I wouldn't pay much attention to its correlation to the stock market. I wouldn't expect for a large shift in price from this news. Every time someone says the price of Bitcoin is stable, something horrible happens. Christian Routel. Yeah, trading is really not my field, but I tried to understand what this option and futures things, or at least people tried to explain it to me. As far as I understood and Ben already mentioned it, it's like there's no real Bitcoin traded, so there's nobody has to deliver a real Bitcoin there. I can see no mechanism where there is really a pressure on the Bitcoin market itself. It's maybe just cyclological all. So maybe we can explain more of it. It's been interesting, but that's what I can see. So it's more like a bad on the weather or a woodstock will ruin the race. So I don't know. We have to see if there's maybe if somebody knows some economic player in the Bitcoin sphere that then has to change some economic things in the Bitcoin world because of this, maybe this has side effects, but from the basic mechanism, I cannot see direct influence on the price stuff. I would say it is interesting that a billion dollars is a lot of money. For people to be thinking about Bitcoin and investing in something which is related to Bitcoin, even though it's probably not going to move the price at all, but it just shows the amount of money which is going into Bitcoin related financial products. Physically delivered are very popular, physically delivered. Future softwares are very popular. I imagine similar large sums of money will go into those. But do you know business that really uses and utilizes this idea of a future market? Because I was always explained like a farmer uses a future market to save, to ensure against a bad year or something. So the question is, is this Bitcoin future market somewhere used in the Bitcoin ecosystem like a farmer miner, whatever, find some analogy, I don't know where, but is there somebody using this for really value for securing a business or is this all just gambling there? I do think most of it's gambling, but I do have one concrete case where someone is using it to back up Bitcoin and the Lightning Network. While I was at the Lightning conference in Berlin, Jack from Zap wallet talked about how he was hedging the Bitcoin futures market. So if the price of paying fees went up, he would have covered, he'd be covered on that. But if the price of fees go down because part of his model is that his company is paying for those fees. So it matters a lot to them if the price goes up or down. So that could be at least one concrete case where it's being used for something other than gambling. But I do think the rest of it is gambling. Okay, thank you. As well as all the margins and the percentages and the margins are just gambling with other people's money. But I do think we've been tied up with the stock market of recently, of late and I don't think it's going to change. Not only are we tied to the stock market, we're also tied to the coronavirus. When people freak out and they sell all of their stocks to cash, they also sell all of their Bitcoin to cash. When people think they're not going to live for about a few more months or they think that they need to take serious actions to stay home quit their job or whatever it is to stay away from that virus. It's going to affect the way they buy and sell their investments, which is going to affect the price of Bitcoin. So I don't think it looks very good in the short term. We're tied to other forces and they might be taking us down, which moves well to the exit question, will the price of Bitcoin be higher this time next week? Ben Arck. Yeah, I mean, just because there is, it is kind of like caught up in the stock market nonsense. I will say as well that as time goes on, more and more Bitcoin gets locked up by people who kind of have more than understanding what Bitcoin is and they're in for a long term investment. So that little slither of traders sitting on top of Bitcoin trying to make a quick book on this volatile asset gets smaller and smaller and smaller. The fly wasn't about. So yeah, the stock market is going to go down because we've got horrible coronavirus news around the corner of second waves and all that kind of stuff. So I'm sure it will probably drag Bitcoin down a little bit as well. Christian Routel. Yeah, about the price in one week, I really have no really idea. So I just can say if it stays over 9,000, that's what we epic. So and I see and I see a good base for this because we really see now it's kind of strong. A lot of people out there have interest in alternative money investments. So to hedge against the big money amounts that's pumped into the system. I think a lot of people waking up to this. So I can see a natural growth for a demand for Bitcoin there. Maybe it's not the kind of demand that pushes it up to a million, whatever like, but it's definitely there. And now with the harvining on the other side, I think this gets more and more into an electric equilibrium. Also so balanced kind of way. So I think it's good to have to see it stable. Maybe what Ben was saying like when Stong's going down. So there's maybe a short, short, short dip there that could be expected. Well, the technical traders have said we needed to stay above 9,200 of according to avoid a fall to perhaps 7,000. As of right now, we're at 9,160. So we're under the 9,200. As well as for me personally, I think that the stocks are going down. I think the coronavirus is going up. And I think that's going to cause the stocks to go down more as well. As much as we'd like Bitcoin to be a safe haven asset during these times, I think that people are scared. And when they're scared, they're going to go for cash. But nobody really cares what I think everyone's tuned in to find out what the predictor of predictors, the magic eight ball says about the price of Bitcoin. We're going to ask it very clearly only one time. Will the price of Bitcoin be higher this time next week? Here we go. And again, on the Wikipedia, it says not to shake the magic eight ball. This could cause bubbles. But this is how the magic works. Here we go. It all says. So can't read it because it's too dark. Yes, definitely. So in the face of everyone else's predictions, the magic eight balls pushed it all aside. The price is going up. The eight ball has spoken. Moving on. It's worth it's worth no think as well that, you know, if you look at all the videos where we use the magic eight ball so far as predictions have been 100% accurate. 100% accurate. Perfect performance from the magic eight ball. Moving on to issue two. Issue two legendary investor Jim Roberts warns governments will have to eliminate Bitcoin. The investor, Jim Roberts says virtual currencies are beyond the influence of government and they will not be allowed to survive. He says the price of Bitcoin is heading to zero, disagreeing with the magic eight ball. He says if cryptocurrency succeeds as a real money, rather than the subject of gambling as it is today, the government will make cryptocurrency illegal and eliminate it. Christian Rutzel, is it possible? Could the government make Bitcoin illegal and could it eliminate it? Oh, sure, they can make it illegal. So they make the rules. So there's at least they find some way if they want to. But I'm not exactly sure of just what the article says is true for every government out there. I can definitely see some governments out there that will go down that path at one point, but I can also see other kind of governments that maybe want to go into a different direction. So just for example, and I read the article shortly and he says something like in their older government wants to know everything about your private transactions. I'm not exactly sure about this because this is just this picture of the government that wants it all. I think power is corruptible and government can always go that way. But maybe that's not for every government to say because for example, if you look into the Corona tracing app implementation, you can see in Germany where I live that they really choose the very, very data friendly way. So it's really something. So they build it in a way that the government even cannot spy on you if they wanted to. They really have to change a lot of other stuff that would then would then be discussed again. So there's even an even on the money side, there were some discussions I was hearing about the angst talking about how they can maybe redesign local currencies, virtual currencies. And there is this idea, especially in Germany, that people want a kind of privacy while transacting. So and there's ways out there to make this technology technologies out there, Xiaomi and cash, whatever like, you can find technologies out there to make something happen like that. So I think if there is a change for example in Germany to a virtual currency given out by some government institution, I think they will have to do it in a privately way. So otherwise they will not get the acceptance by the people. So yeah, so here comes again, can the government really eliminate Bitcoin? No, because technically it will be there somewhere. Could they make it illegal? Yes. And then it could have a big drop in price because then it really people see it not that valuable maybe anymore because there's some market cut off from Bitcoin to that. So when the market is reduced, I think the market value can drop. But only as a side thing in the long term, then there is a lot of value then in Bitcoin because Bitcoin was built for that scenario where your government tries to have a super-control type, type grip on your local money. So yeah, so there's a lot of, I think I think the article sees it in a two in a two black-wide color. I think there will be, there will be, I can see governments allowing kind of Bitcoin, but still having their their own virtual currency on the site, because I think there will be local money, there will be political money. It has value to a community. So there and everybody can create money now virtually and it's the technology is there. So I can see both working out, submit simultaneously. The question is, just if the government will also say this Bitcoin thing, we are not allowed ever to trade with it. I think for example, the German government will make it complicated. It's always like this, fill out this form here, do it there, like it's painting the ass thing. But really eliminate it. I'm not seeing this yet. So at least for Germany, whoever knows what happens. But in the US, I heard in the US, they did one time in history, they're for bit gold, right? So yeah, maybe not sure. Other governments can go other ways. So not bad for F2C. It's an interesting idea of a combined money future where Bitcoin exists along digital B.I. currencies. Ben Arck, your thoughts on governments and Bitcoin. And that's what John Nash talked about. Wasn't it the idea of ideal cash, maybe not in fact be Bitcoin, but could be a fear currency, which is strong armed and spaving itself, because there's an up-down like Bitcoin, which exists. I mean, this guy in the article, he kind of gets he half gets it. Like, Bitcoin's there to erode the power of government. So yes, if it's successful, all governments will really be able to do is to kind of stop it from eroding their powers, to ban it, but they won't be able to because it would have been successful and they won't have the power to ban it. That's kind of the point. So yeah, I mean, you can have that that Trump, you know, shut it down to try and benefit your socioeconomic policies around the world because it is a threat, but you're only knee-capping yourself as a country and your economic growth because other countries will just benefit from the fact that you've banned this thing and these are the countries of benefiting from that technology and you'll be out competing on the world stage. So I don't think any seriously any politicians or any governments are seriously thinking about trying to ban it. For any, you know, well, logically, for any good logical reason, maybe just a just a want to kind of have control, but they understand this thing's here and it's not going anywhere and the only way in which you can really benefit from it as a government is to try and embrace it and then help it, you know, foster growth in your economy. So yeah, it's for those who don't ban it, there'll be the ones who do well for themselves. And that's Christian said, like that's why it's made, you know, it's censorship resistant. The point is that, you know, even if they do ban it, we'll still be able to use it and they won't be able to seize it and you'll be able to cross borders with it, we're going to brainwild it or whatever. So it's not it's not like gold, you know, if the government knock on your door and say right now, give me a bitcoin and they come into your house and they search your safe, they, you know, it's very easy to hide bitcoin, whereas it's a lot harder to hide gold. So they can see gold. And there there's maybe even one thing we have to see, like what normally, but what we maybe see in the future is now governments failing with their money. So and when we look normally into countries where it's happened, where the own currency is kind of failing and going into an inflation kind of scenario, you have some other currency creeping in, like people having the euro or the US dollar. So I think, so if you that country that sees that is the local money is failing and so maybe you you you work on bitcoin instead of the other currencies because first of all, you don't get foreign influence into your country, like because now people using the US dollar or using the euro. So so this may be interesting for you to to offer it to your people. Oh yeah, we have this political money here. I know it's not the best money for saving, but it's the money we want to use to to do our local economy stuff. And then you you say if but if you want to change something, you you please use this bitcoin thing that's that's that's better for you for the saving things because it automatically connects you to to to to the to the big world, like economically, like because bitcoin can be used everywhere else in the world. So it's a good I think it can be even attractive for failing government to look at bitcoin. I think in the beginning, they will fight it, but at one point if they see they have to accept some other other money so it's able to live worse. I think they will choose to let it lesser evil and that would be Bitcoin from their perspective. Yeah, I mean like it unless you're the the US and you've got the US dollar as the world reserve currency, it makes a lot of sense, you know, if you're a country to just, you know, default to something like bitcoin if you do have some sort of hyperinflation crisis, absolutely. And I'd like you say apelirical money. Now that's the that's the dream. For you to take away from control over your country by whoever's got the the world reserve currency. It's an interesting idea to think about like Ben saying a country that is not the world's reserve currency and how bitcoin might benefit them. Like Christian was saying, it wouldn't allow outside influence. So no more foreign currency manipulation with the exception of normal bitcoin manipulation that happens every day, but it also wouldn't allow internal influence. So you lose control of your currency, which I'm still I just finished up the first season of servant of the people. The great show out of Ukraine about a history teacher who becomes president when in real life the actor that played the history teacher is now president of Ukraine. So it's a really interesting show and it talks a lot about the problems of corruption and bribery and a culture where everyone takes bribes everyone demands bribes up and down the level. You can't get anything done. And that's what I was so interesting. He's he Ben say that the ideal money might be this digital fiat. Because as we've seen recently with the coronavirus, we have to print a lot of money in the time of crisis according to kanzianism, right, which like it or not is the current economic system. If you want to change it, you can change it. That's another conversation. But did Bitcoin, we can't print this money no matter how bad the disaster, no matter how bad the pandemic. So if you did have this digital fiat currency that the government did control alongside Bitcoin, certainly they'd inflate it and we'd notice the inflation. You wouldn't want to hold that currency, but you could still use it and certainly as the saying goes, you pay on to Caesar with Caesars, you know, you could pay taxes in your digital German coin. So something like that would be interesting. And as well, I put out a tweet actually this week and I was surprised how popular it was when talking to Bitcoiners, but I was just imagining how a tax system could work in the future. And with Bitcoin, we can have privacy, but we can also remove privacy for government. So we can trace where all the money's going. We can have, you know, if it's all running on lightning network, for example, we could have all their their read keys and so every public sector wallet. So we could account for where every single sat is going. And then we could also with something like lightning network when we pay for our coffee, our 10% of tax, we could, we could, you know, we could say where we want that tax to go, we could say, okay, we could have it happen instantly at the point of sale. So I could say, well, I want, you know, 5% to go to education and 3% to public services. And then, you know, 2% to defend, that's a terrible choice. But people could just volunteer the taxes they pay and where those taxes were going. It's kind of like a democracy through the money you're staking into the into the tax system. And for the the brick and mortar business selling me the cup of coffee, they don't have to then file any taxes because the, you know, the taxes is rooted on the point of sale at payment. So it could be a great thing for for democracy. And even if it isn't a Bitcoin, if it isn't a digital fear, but it's on a system like lightning network. I saw that tweet, Ben, and I do think it's a good idea if I could have a preference on my app. When I pay for my coffee, it automatically starts sorting my tax money where I want it to go. And then later on, the funding is done by people. That'd be an interesting idea. And I'd like to see that. Going back to the question, will they try to ban it? Yes, government will try to ban it. Will they be successful? No, they can ban it from official transactions. Certainly you couldn't pay your taxes in Bitcoin, especially in a situation where Bitcoin would interfere with the local currency. They're only going to accept local currency. You probably couldn't pay for your driver's license or any other government services in Bitcoin. But everything else Bitcoin will always be there. The black or gray market, which gets larger and larger. The more things that we restrict and the tighter the rules get, will always be there. And there's always going to be Bitcoin. Moving on to the exit question, which country will ban Bitcoin first? And ignore the normal ones like North Korea, Iran, places that have already banned Bitcoin. Give me a good one. Give me a big one. Give me a reason why. How about a Western democracy? Somebody that's all about freedom, but hates Bitcoin. Something like that. I think we're going to go to Christian first. I stalled all I can. Who's going to ban Bitcoin first? I think if Trump gets a second term, the USA will be there. You are, say, because it's anarchist money, dammit. And you know those fucking anarchists out there. They're the bad people. And then this is the money from the anarchists we have to get rid of. So I think if we really get the second term, Trump could maybe land up somewhere on his list. So we have this because he needs so he needs really the other political money. He can pump it out all up and see the stocks go up. So you president pump will definitely be be part of it. And I think you took my answer. I'm not going to have to think of another one. Then Ark, who's going to ban it maybe after the USA? Well, yeah, I mean, this is the point like actual lateral thinking, you know, bright leaders, world leaders wouldn't dare to ban Bitcoin because it'd be a terrible idea. But lunatics would and Trump is one of those. So yeah, come on. He wants to be. He wants to. If he wants to, this Chinese rhetoric he has, yeah, Trump, Trump, Trump in the US. I mean, yeah, Boris is also a lunatic. So you know, I can't, I can't lash you too much. Where's the Germans? The Germans, they're, they're, you know, Angela Merkel. She's like an ex, quantum physicist. That's what you want. Not reality TV star and some fucking mop that. Yeah, no, no, the US is likely to ban Bitcoin first. Let's give that up. But it might be some other rule crazy country, something like Switzerland, seeing as an interference with their bank. Yeah, but you can pay for your taxes in Bitcoin in some parts of Switzerland. As you know, they're going the other way then. They're not going to defend the local industry or maybe they think the industry will and should adapt. And then also, I mean, it's worth knowing as well that Switzerland's democratic democracy is based on the US model. But they just, what do they do? They sort of, they just slightly changed it. So I don't know enough about it. But look into it is based on the US model. It's like a better version. This is how the US could work. It's like Switzerland. Switzerland works very well. How about Sweden then Sweden did the herd immunity. They could also do herd immunity for Bitcoin. Maybe see which banks is the fittest, something like that. Still a chance. But we'll see now. I think the US is the best answer there other than of course, you know, North Korea and I ran all that stuff. Moving on, check out the world crypto network store at world crypto network dot store. And there's a link on the website. And there's images below this video that you can click on that go right to the t-shirts and get your own treasures. Don't float t-shirt. I'm wearing mine today. I'd have to push a lot of buttons. You've seen it. I'm wearing it. And check out world crypto network audio podcast on Apple iTunes, Spotify and other places where audio podcasts are heard. It's almost up to date, just today's show and this show right now. Then we'll be up to date until we do another show. Moving on to issue three. The coronavirus is back again. Yes, in other countries, they didn't reopen when the science said they shouldn't. But in the United States, they threw science out the window and they reopened anyway. They said, we don't care about the virus. We don't care about mask wearing. We're going outside. We need haircuts and shopping and big indoor parties and rallies. And they spread the virus. And now it's breaking out everywhere. Florida, Texas and the South all leading in new cases of coronavirus. Let's look at the big number. Yes, it just goes up. It's so bad. They're not even calling it a second wave. They're saying the first wave never ended. Wearing a mask has become a political issue with the president and vice president refusing to wear masks no matter what. The president continue with his political rallies, keeping large amounts of people indoors without masks. We keep learning more things about the virus, but we don't seem to be applying them to real life. This is causing the destruction of the stock market, the economy, unemployment, pretty much everything. Let's go. We can't go to me first. Let's go to a question. Are you ready? Will the coronavirus ever end? Or is this a United States only problem that doesn't look so bad from far away? Looking at the data, it really looks bad in the US. We have to say, if you compare it with the curve, you'll see in other countries the curve in the US really looks bad. So at least in Germany, you can see we got the curve really, really go down. This was happening. But still, we didn't got it to a level, I think, like New Zealand or some other countries that really could declare that country free of coronavirus for a certain time. Even in Germany, we had all these kind of discussions like, oh, this is everything is too hard. We need to open up. But still, we have to say in Germany, we don't have a really hard shutdown in that kind of way. Even the lockdown. You were free every time to take a walk. The only thing we had was you were not allowed to meet in bigger groups. So you were just allowed to meet with one person from one other kind of household or something. So there was some restrictions there, like, like, respecting the gatherings, the shops were closed that you normally could could visit. But the factories were open. So there's still still kind of work and curious. We're working most home, home office. But you could have still factories, all the stuff, work and still. But under special conditions, of course. So I think in Germany, we had this luck to get it more down. But we already see also this this little bit looks from our curve. It looks like a second wave. So this is also building up because a lot of people also here stopped kind of wearing the mask, at least putting it just somewhere. And I don't know, it's more like a more like a silent protest, like, give it stick to the man. Look, I don't wear my mask correct something like that. So this is happening here too. But we can least see there's a big majority still interested in having this at least careful with which is other social distancing kind of way. So yeah, the US, I don't know. We will have to say, I think the interesting thing is Trump was saying, like, oh, it's just more testing. So this is why the graph goes up. I think I hear this argument in some places here in Europe too. I think even I think the Swedes are saying something like this. So I think this is not completely irrelevant. But if you see also hospitalization going up, then it's not just because you do more testing, you have more cases. Maybe the cases graph is then maybe a little bit extorted. But if you also see the hospitalization going up, you have something growing in your country. So yeah, and already seeing that that a lot of ICU beds are almost kind of full of on capacity, that's the limit. Everybody try to avoid. So I don't know, I wish the best for you as that this is not getting getting into very bad bad territory here. I've also seen a lot of that when I turn on the TV of people wearing their masks only over their mouth, not over their nose, but the virus gets in your nose as well. And they've even said, I don't know, they don't talk about it in the media, but I think it's possible it could go through your eyes as well. So goggles might be a good idea if you really want to be safe. Ben, Ark, your thoughts on the continuing coronavirus spread? Yeah, I mean like humans are very good at thinking that the privileges which they've had, they are owed and that's the way in which they should just be able to live their lives from now, you know, forever. And I think the reality is that we've changed, societies changed. For the mean term, I mean, I mean like, you know, the next five years or something. And yeah, you can open up, but you are going to end up with more infections and then you're going to end up with overwhelmed health services and chaos. But then similarly, if you lock down, then you know, you've done sort of economic stuff. So I think Biden, do you keep put it well by saying that, you know, if you want to fix the economy first, you've got to kind of get on top of the coronavirus and actually think get on top of the coronavirus, denialism is the worst sort of type of panic, you know, just just saying there's nothing wrong and then carrying on like we were before. But but China, China changed the way society was or trying to educate people to accept that this is something we're going to have to live with for years. It's probably the way to go for for countries. And the UK, I mean, we're, I don't know, for worse than the US. I'm not just on a, I know, a by our politicians and our leaders, but by the people's reaction, people's actually, you know, normal people's attitudes towards the virus. There's been heaves of people here in the beach, because we've had some nice weather. And yeah, we managed to slump. So if you look at our infection, right, it's slumped down, you know, but that's just because we quarantined earlier in the US and we've been in quarantine longer and quarantine works. So amazingly, so that's why we plateaued, that's why we weren't down. And the very fact that, you know, we've people are now in close proximity to one another, not wearing masks, etc. Then cases are going to go up. I mean, like, look at Germany. So, you know, Germans are pretty good at like being sensible and doing things how he's supposed to do them, you know, but they've had spike infections. And I know this one is one town or something, which is being locked down. And I look at Germany and I think if they're struggling to kind of contain this thing, whilst opening up at the same time, then not many other countries have got a much of a chance. I think we just need to live with the fact that we're going to have to do things differently. But it could be a positive thing, you know, I think a lot of this process is, you know, because there's a lot of wasted energy and effort in our society in workplaces, the way in which people work, which I, you know, we can produce enough for everyone to be able to live and have a reasonable standard of living. We don't all have to work all the hours, God sends. But I think being out, having to stay at home and you know, work from home or, I mean, you can have a prioritise, you just do the important stuff. So, you know, I think eventually when we come out of this, we'll be a better and humanity will be better for it. But I feel like it's going to last years, maybe like five years. Five years, that's a long time. Let me quickly jump on this, because there's always this discussion between what's more important, like the health, protecting people or on the other side, the economic, the safety, the economic side. There was one study done in Germany, where two departments from health and also economic background worked together. And they came to the conclusion that an R value of 0.75 would be the best compromise for both, because you always think it's against each other, but definitely there's the, there's, there could, there could be an R sweet spot where it's best for both. And they said it's round about if you keep the R factor around about 0.75, because then you, then you, you see this in Sweden, for example, they, they, they don't have the big lockdown stuff, but the economic also tanked the same way, like a tanked in, in, in, in Germany, for example, it's very, very the same thing. In the beginning, you can say, yeah, it's because of exports, but the exports, but also the local economic numbers, seems very, very similar to what we have in Germany, even they don't have a kind of lockdown. So because people were doing the self-care quarantine, they were seeing the virus out there, so they're not going into the businesses and all this stuff. So having this, just, just, reaching for a sweet spot here, so as everybody sees, oh, this pandemic goes out the door, even helps the, helps the, the economic situation in your country, because then people get, get more and more into the consuming kind of lifestyle back, but, but now seeing all the swings back, yeah, we really have to see where this, with the sense. They do agree with Ben. I think it is a problem of education. In the United States, certainly we've cut back on science education. People don't trust experts anymore. They go on the internet and they could be informed about anything in the world. They could be educated and brought to higher levels, but instead they go to lower levels with gossip and conspiracy theories. Of course, there was that one time on Tuesday when three buildings fell down on one day, and another airplane, two airplanes actually vaporized, but put that aside, other than Tuesday, when things are normal, we also don't teach civics anymore in American schools. We don't teach how our government works, and we don't teach how people are supposed to interact with the government. So thus we've lost generations now of potential citizens who could be interactive citizens, and they've become passive TV watching citizens. They've lost a lot of community. We don't teach any of that stuff either. It's part of the whole American experience is that because we're a brand new country, we're 200 years old, we have very limited history. You have to teach the people, you have to teach the citizens, and whether it's in-drocked donation or not, or all that, we could go down the lines, but not educating them how the government works in a democracy is pretty much like a functional issue. If you don't do that long enough, the thing won't function because without the interactions of the people, it stops becoming a democracy and no one cares, and then someone else will come in and take it over, usually a giant corporation. I cut you off, Ben. Do you have more on that? Yeah, no, I don't need to give the US. It's no utopia over here in Europe as well. Most people don't know how government works, and most people don't care enough about the democracies that are living in, and a lot of people believe a whole load of earth crap off the internet as well. People will learn when the infection rate goes up because they've been outside and they're grandstire and they'll feel sad and they'll learn from that mistake. I think all responsible governments can do is just educate as best they can and say, look, these are the realities of the situation. We're going to try and open up, but you need to, I don't know, it's very tricky. It's very tricky. You know, there's no, we've elected a reality show star with limited education and no to the highest office in the land, and everyone is agreeing with him. The emperor has no clothes, but no one seems to care. Moving on. It is a testament to the US that you can have a complete unit like that in power, and actually, there's only so much damage they can, I know he's causing a lot of damage, but, you know, I mean, his powers are limited. There is some accountability, and you are somewhat secure from the lunatic in control. So, yeah. He's not quite a king yet. He hasn't started lecturing us on his bloodlines. He's not trying to make his daughter or son king yet, but give him time. Moving on to the exit question, will the coronavirus situation, I guess, specifically in the US, be better or worse next week? Christian Routel. Here, I think for the next week, it will look a little bit more bad than now. Ben Ark. Yeah, I'm honestly, man. I'm going to defer you to the UK and say, look at those pictures, those idiots, all going outside and sitting on those beaches in real close proximity. You know, we could be worse than the US, and we're going to have more infections, of course, obviously, and the same to us. I keep thinking that people will finally get it, that maybe this one where everyone, all the scientists, me, everybody else said, hey, we're going to have a second wave. Hey, we're reopening too fast. Hey, the curve hasn't gone all the way down yet. It's just a matter of science. I'm not a four against reopening, but that didn't happen. We could all wear masks. That hasn't happened. They're trying to tighten things up here. They've just closed bars in Texas and Florida. So rather than just pausing the reopening, they're actually starting to roll it back, which is the right thing to do, but they're doing it ever so slowly. Things are going to get worse last next week, and things generally have to get worse. Like Christian was saying, first, you start with the testing, then you get to the hospitalization numbers, and then a couple of weeks later, then you get the deaths. So that's the good advice from the beginning, and I'm going to say the World Health Organization in January, they were saying testing, contact tracing, do those things, testing, contact tracing, self-isolation, and social distancing. That was February. So the good advice has always been that, but I mean, in the UK, we've only just started rolling out a contact tracing app. It's not open source. All full. Only runs on Android, I think, doesn't know what we're talking about iOS, because iOS won't let it, because it's so shit. They won't let it on their app store. So we don't use any of the pre-enopen source, because I know Christian, is the contact tracing app which they have in Germany, isn't that pre-enopen source? Yeah, this is really something interesting. Yeah, yeah, this was supposed to offer to the UK, but they kind of redeemed. And the funny thing is the software on technical level was followed a very, very decentralized way that even the CCC, the CAUSE Communication Club had nothing to bitch about. Because they, in the beginning, they made a requirement list, what a minimal privacy, the such a tracing app, or should have, and everything was fulfilled. And the code is all open source. So it's all on the GitHub out there that was, therefore, review for people to check. There's still some stuff you can discuss about what if the government has the possibility to slip you a new kind of app under the hood, maybe at one point or something, but still there, you protected with the Google Sensor stuff, because the only data it takes is the internet, and the thing, the camera, it asks for the camera stuff. So there's very, very, didn't Bluetooth, of course, but there's a very, very limited access to your, to your rest of your phone. So it's weedy from a technical side, weedy, weedy looks good, and it's open source, it's there for everybody to use. It's in, I don't know, yeah, it's from a technical side, it's good. We have no to see if it weedy can deliver on on what everybody wants to do. Yeah, but maybe they didn't use it because they wanted to spy on people, and you made it not spying on people, now they won't adopt it. So, sorry for that. Yeah, it's an important function. Some governments won't leave home without it. Moving on to issue for PayPal, Venmo again, PayPal and Venmo have announced, no, they haven't announced PayPal and Venmo, according to three people listed in coin desk, say they're going to roll out crypto, buying and selling again, this keeps happening. PayPal and their 325 million users just might get access to Bitcoin and other cryptocurrencies, maybe we keep doing this. The price of Bitcoin went up 5% after PayPal announced this. We rumored that they had software years ago, there were even screenshots of the PayPal software, but that was back when cryptocurrency was still a thing. So it's been a long time, Ben Ark is PayPal finally going to accept Bitcoin. Have we reached the promised land? Is this great news for Bitcoin? I mean, you know, first you had Digi Cash and then that one under because Chorm was just about business due to spend all the money, and then he had Egold and then the guy got arrested because it was centralized. So you could arrest somebody who was a private business, but then you also had PayPal which emerged and they did want to be, you know, something, wanted to be like a digital internet currency originally for the first year. And then it realized that in order to survive, having seen what happens to Digi Cash and Egold, it would just have to pivot and become a payment processor and then do absolutely everything government asked of it. Everything, give all your information, you know, to the government, give them open access. And that's why they've survived and that's why they've been there for so long. And, you know, they wouldn't have touched Bitcoin years ago, but just for that reason, the business model is to survive under the umbrella of government. But now, you know, when you've got things like Square Cash and you've got all these other, you know, well-known companies, which are starting to interact and by Microsoft, for example, the digital identity initiative, starting to interact and play with Bitcoin, you know, I could believe it. I could believe that PayPal are now like, okay, well, if all you guys are doing it, then, you know, we're not going to be the first ones and we're not going to get shut down. And yeah, we'll include PayPal payments with our, oh, you know, with our PayPal. And I use PayPal, you know, I think I used it last, last week. And it is one of the most regular kind of payment methods I stumble across when I'm buying stuff off strange websites, you know, little microcontrollers or whatever. So the hope is real news. And I hope because it would be good news. It's all about the impressions, you know, like the more impressions we get out of there, the better. And everyone, all those people, all those normies clicking on their little PayPal link and they say that little Bitcoin logo, it just lays those seeds. What is this Bitcoin? Let me go Google it. And then they go to Bitcoin.com by B Cash. Or hopefully they stumble across in Andreas' video and go the right way. But now it's hopefully good news. And it's also a sign of the times that, you know, that when, that people, the society's much more open to something like Bitcoin, hopefully, if it is real news, which I'll pay us. Well, I agree with Ben. And also I read the PayPal book and I used to have the PayPal software on my Palm Pilot back in the day. So originally it was a really neat way to send money around the internet and to pay your friends. It was PayPal. Pay your friends back for dinner with PayPal. And I used it a couple of times until the fees got too high and then I didn't use it anymore. As Ben said, it quickly adopted into being the way to pay for things online, specifically at eBay, which again I did use and I did use PayPal for. And it was great. It's amazing to see all that gone so far. Reading the book, I can tell you there was a ton of fraud at the time. And as you know, using PayPal, you've probably had your account frozen. It's the popular thing with all PayPal accounts. And you might have even lost money. I know I lost 20 bucks one time on there. And I was trying to sell Bitcoin just like they say they're going to do. So we'll see how that works out. PayPal is very unpopular. Charlie Shram, I think on Twitter said that PayPal drove him to Bitcoin. It drove a lot of people to Bitcoin having their transactions canceled. I remember my friend Jesse Powell who became the CEO of Kraken. He used to sell digital items on the internet like a sword. And if you give someone a sword and Diablo, they have the sword. It's very hard. It's very easy for them to cancel the transaction and to take back that money. So it's one of the reasons that led him to Bitcoin and to his future and so forth. So I guess as a lack of a negative thing, it won't send people towards Bitcoin. But as a positive, it could turn all 325 million people on a Bitcoin. As an old Bitcoiner, I'm tired of it. I want them to just decide one way or the other. I feel like that it's a Lucy with the football and Charlie Brown just keeps coming up to kick it and PayPal just keeps taking it away. So our 5% bump has already worn off. There's still no official announcement. We're waiting PayPal. Where are you? Christian Rutzel, your thoughts on PayPal and Bitcoin? Yeah, I can definitely see that it would give more exposure to Bitcoin and I can see why people maybe are excited because of raising the market value there. But yeah, seeing really, we have to see when it really will happen. But I can also see that it makes it more more likely to happen at one point because if other companies are making money, it was kind of offering Bitcoin service to their customers. This money on the table, right? And every company out there is profit driven. So if it's a legal game to do, like if they can get a stamp from their lawyer department on that. So it's at least an option to think about because at one point you have to explain to your shareholders why you're not taking that money. So I can see at least if other companies are proving there is a market, I can see PayPal in the near future, at least be interested in going there that direction. If it comes this week or next week, I don't know. So and then we have to see like seeing the exposure is nice. And I think everybody's Bitcoin journey started with isn't not complete, not a not a best solution kind of setup. So that's fair. And normally I think it could even be interesting if this is even an idea to sell out to people, like that because because you have a lot of private data about those accounts already, now tie some Bitcoin to that to control that Bitcoin. So there can even be this idea of like how you call it in Germany, Amonc, because you try to, if you cannot beat your enemy, you try to to kind of digest it. I don't know, something like that. So yeah, yeah, but the joint still has a little bit in German. It's more like a little bit of a lot of pressure. It's like, so it's more like you still try to apply control there somehow. And this could be a move like that. So if there's could be interesting like collecting data on people like a little bit like a coinbase kind of business model somewhere like that you can deliver it back from information on good database. This is worth money, even if you can have a back door to sell it. So yeah, we have to see. So I hope for the education value. And but hope to rest when I'll get that bed. It could be for operations, you know, like the reason this paper always was quite sluggish when you use it. And it's gone by now is because when you're using it, they have to update that database from that number going from your thing going to somewhere they also think while you're connected. And that's how the transfer happens to stop the double spend problem. So if they can, if they can use like some fancy schmancy liquid token or something like your network or I know something else, then it could be really beneficial for their operations. It could bring down their overheads. So just the technology alone, maybe. Yeah, but but I also think it reminds us that that first of all, it reminds us such a custodian there makes sense for people for easy on boring. So this is always the thing you don't have to jump in all the way with with with everything. You're maybe unsecure with the technology. For unboring, this is always great. But it reminds us maybe that we have to think about decentralized, more decentralized, unboring solutions that maybe are a little bit custodial like, but if it's within your local community, there's really some social trust that you have in your local community. And not the trust in some big company out there, you have no control over. You never see the CEO in real. So you never have a real face to do that company. So think there could be, could be the it will maybe even speed up this idea like building more decentralized solutions to onboard people that wanted that way because there's always this demand for that to get to get to get your toe into Bitcoin without selling out to a big company. Well, and I think that's where we went at it. The last time that we talked about it, we talked about does Bitcoin need PayPal? And when you look at it, it's obviously another centralized institution like Coinbase that wants to attach itself to Bitcoin, maybe hold some Bitcoin, maybe not hold some Bitcoin, say you have more than you want. All those options open up as soon as you attach one of these things to Bitcoin that isn't just using the blockchain that we can't just verify everything. And I'm pretty sure last time we all agreed that we didn't need PayPal, but I do agree with Christian that it would be a great way for people to get some easy on boarding. If you're not comfortable with a hardware wallet or a paper wallet or web wallet or phone wallet or all these wallets, you could just use the PayPal wallet. And I think that a lot of people would want that. Hopefully they'd learn more later and maybe even PayPal could have instructional videos and so forth. But just hopefully it's for Bitcoin, unlike Coinbase that took that idea and just any scam coin that comes in the door can buy instructional videos now on Coinbase. So so much for that, they'll instruct them the different way. Ben, do you have a more on PayPal? No, not really. Just I hope it's I hope it's a real story, you know, it happens. And it may be, you know, banking the unbanked, those people who haven't got bank accounts and they want to pay for something on PayPal, maybe this will be a waste of it, maybe SquareCash and all the other apps which are incorporating Bitcoin. Maybe they've led the way now, PayPal for comfortable using it. And now it's to put your money where your mouth is. Will PayPal actually accept Bitcoin before 2021? That's midnight on December 31st of 2020, the year that would never end. Let's go to Christian Rootsle. Will PayPal actually do it? I think no, they're too slow. They will need some a little bit more time. They will have to see that other people make really good numbers with it. So I don't know. So some in some reporting and then maybe next year they would they would get to be listening. But no, not this year. Ben are. Yes, it will happen if it doesn't happen. I'll eat my, now I won't. What happens to my coffee? Did he's been us? No. Is that happening this year? He says it was always a joke. He says all the time. Oh, I'm curious. And even there's some other thing that he would, he would like eat a bear or something. There's some other thing he said he would do. He's just, he's the complete. Yeah, he's a press guy. Press. But what about PayPal? Is it going to happen, Ben? Going 100%. 100%. So you're the one. No, I disagree. I'm with Christian. I don't think it'll happen till 2021. I think 2020 is just blown. We should just give the year up. Put it back in the box. Never talk about it again. Let's get to 2021 as fast as we can. Let's never ever mention anything that happened in 2020. Again, I will just wipe it off the planet. All I did was watch repeats of community and other TV shows. So moving on to prediction or story of the week. Ben, are you ready with a prediction or a story of the week? No, not at all. I mean, usually I shell stuff, but this week, ah, no, ah, in fact, and our story of the week is, I got really excited. Hopefully, Christian will talk a little bit more on this on the IP to tour service, which the blitz will have. And there was some great ideas, which Christian have had for like easy onboarding, something which we kind of, the, this idea of cash in the bag. So you could give, I could go to my local bar and I could give them just a QR code and a little bag with like 50 pounds in and I'll say, look, if anyone wants to come in and they want to pay in Bitcoin, scan this QR code, take the money in Bitcoin and then take the money from the bag, put it in your, you know, in your, in your tail and then put the change in the bag. So they get an instant Bitcoin cash and then I end up with the Bitcoin and the little QR code is for the TPS, that extension on LN bits. So it's like, you know, an instant point of sale, you can just get up on a phone or whatever else. So it's a really funky concept. And then also this idea of giving like lightning vouchers out to communities to try and get people to just have some Bitcoin and start playing around Bitcoin. So I've been working on LN bits because the LN URL, the thing which you make like the faucets with, the little lightning network faucets, it wouldn't print out. So say if you wanted like the same QR code and all the, all the faucets. So say if I made a faucet for like 10,000 sats and those like, you know, I know like a 100, 100 sat faucets, then it would print them all out if it was the same QR code, but obviously that's not so good because someone could reuse that QR code again and again and again. So I've been changing it this week. So this is so now you can print out a sheet of all unique QR codes on it. I've also set it so it's like using a very standard sticker template at Christians requests so you can take, so you could put that, you know, a four sticker template thing which you could just buy from wherever, put it in your printer, print out a sheet of faucets and then just give them to people or you know, stick them on things, it's 100 free sats, whatever. So I've been working on that, but apart from that really it's not much else to report, but no super excited about the 1.6 and then it's just some of the concepts, you know, Christians come up with a great, really good. All right, Christian, do you have a story of a week or prediction? Maybe a new version of Doge Rain that works with Lightning called Lightning Rain? Go ahead. I preserve that for the future, but really the big news is also for me like working on the on the Raspberry Blitz 1.6 release that is hopefully coming out beginning of July. So we hope to get a release candidate too ready like next week. And what Ben was telling like the big, big thing is they're like just having a subscription IP to tour service, what should make it very, very easily to have your Raspberry Blitz, your little Raspberry Pi with a Bitcoin full note and a Lightning note on there to have it there sitting there behind tour running safely, but then you want to have your community access to it. So you have to have it publicly on the web. So this will be then the IP to tour service where you can rent an IP from from south or from the out there. This is the things, I think we can enable a lot of stuff like Ben were talking like giving out vouchers, like like onboarding your local store in your area and maybe so that you don't need to trust those big companies to onboard people so that you can do it really de-centredized way more in your local community with people with faces you can maybe trust a bit more. So that's a little de-store from the technical side, the news that I'm excited about also. What's brilliant about it is it's been able to deliver your Blitz services over tour, but then for the end user they're just using, they could so say if you use, so you can use something like Alan your L over tour at the moment, but it's pain in the ass you have to hook your Lightning wallet up to a tour thing on your phone and it doesn't really work, but you could just use your normal Lightning wallets and you know you don't have to enable tour, but then once it's hit the IP to tour service then goes to your tour node so the person is running the node, you know they're just nice and safe behind this tour thing. So cool, super excited. Very cool and where can people check that out? You can find it on the Raspberry Blitz GitHub, so if you go to GitHub and type in Raspberry Blitz you will find the the GitHub and there's like the whole tutorial is on there, how you can install like take have your Raspberry Pi and how you can turn it into a bit confu note and Lightning fulfill note and get do all the crazy stuff on the Lightning network to routing, install Ellen Bits and all those extra apps to be your own Electrum server, all those stuff. That's on the GitHub and yeah that's the at the moment it's a 1.5.1 version, but we're working on a new release hopefully coming up in July then this is IP to tour service. Do you make it easy to run an Electrum server? There is Electr, Electr, Electr, RST is the Rast Electrum Rast server is on there, did you connect with it? Yes, so I think since 1.3 it was on there. Because I want to main that extension, so an on-chain extension for Ellen Bits, but then I would need an Electrum server for that so maybe I could use, I didn't know that. We can talk afterwards about the day. Very cool, excellent story of the week and I don't really have a story of the week. We continue to do daily shows here on the World Crypto Network. We've cleaned it up. We kind of just have the Bitcoin news in the beginning. Then we do the rest of the news, which usually includes politics, coronavirus and whatever is happening in the news that day so we can't really control it. I want to ask everyone again to check out the World Crypto Network store at worldcryptonetwork.store or in the link on the website or one of the links down below. We've got the Trezzers Don't Float T-shirt. We've got a brand new Bitcoin Knot Bombs design, unique by Davy Barker for the 2020 halving. We've also got World Crypto Network this shirt and World Crypto Network the mug. I got my shirt but I haven't gotten my mug yet. I ordered a couple of mug so I'm looking forward to that and I'm even wearing this shirt. It's pretty fun. We never had our own shirts or anything like that before. If you want to check them out, they're like 20 bucks. Six bucks of that is a donation to the World Crypto Network. Thanks so much for joining us. Be sure to give us a thumbs up and a share. Thanks to Jitsi. I think it worked this time. A couple of times I saw that the connection wasn't so good. Hopefully it still works for you guys out there on YouTube. Christian was worried that the meat server was going to crackle or something so I don't know if we're having crackling but I'm going to push the button and I think it's going to stop. So thanks so much for joining us. We'll be back again tomorrow with more news. The Vice President had a press briefing. It was kind of a train wreck in a disaster and he still refuses to wear a mask. But I will talk about that tomorrow. So thanks so much for joining us. Until next time. Bye.